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Lawmakers previously proposed a $19 billion Bitcoin reserve. Countries like Germany, Pakistan, and the Philippines are reviewing similar plans. Brazil’s Drex CBDC could support future digital reserve systems. Brazil’s central bank is preparing to host one of Latin America’s most closely watched financial events next month, as global reserve managers gather in Rio de Janeiro for the Central Banking Autumn Meetings. Among the top items on the agenda is the growing debate over whether Bitcoin and other cryptocurrencies could play a role in national reserves. The meetings, as reported by local media, will bring together central bankers and policymakers from…

Key Takeaways Franklin Templeton updated its S-1 filing for a proposed XRP spot ETF, removing 8(a) language that could delay approval. This signals the firm’s aim to launch the XRP ETF within this month. Share this article Franklin Templeton, an asset management firm advancing spot crypto ETF filings, updated its S-1 filing for an XRP ETF, a proposed spot exchange-traded fund tracking the XRP cryptocurrency, by removing 8(a) language that could delay regulatory approval. The move signals the firm’s intention to launch the product this month.The 8(a) provision in ETF filings can postpone effectiveness pending regulatory approval. By removing this…

The crypto market has entered one of its steepest sell-offs in months, erasing over $90 billion in market value within just one hour and triggering more than $1.3 billion in liquidations as leveraged positions were wiped out across exchanges. Related Reading: Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced Bitcoin (BTC) plummeted below $105,000, extending a sharp correction that began late last week, while major altcoins such as Ethereum (ETH), Solana (SOL), and XRP followed suit with double-digit losses. BTC’s price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Fed’s Hawkish…

Enterprise AI has a data problem. Despite billions in investment and increasingly capable language models, most organizations still can't answer basic analytical questions about their document repositories. The culprit isn't model quality but architecture: Traditional retrieval augmented generation (RAG) systems were designed to retrieve and summarize, not analyze and aggregate across large document sets.Snowflake is tackling this limitation head-on with a comprehensive platform strategy announced at its BUILD 2025 conference. The company unveiled Snowflake Intelligence, an enterprise intelligence agent platform designed to unify structured and unstructured data analysis, along with infrastructure improvements spanning data integration with Openflow, database consolidation with…

Bitcoin price has extended its losses, dipping to lows of $105,200 today, following a volatile start to November and ending a remarkable seven-year “Uptober” streak.  After closing October with a 4% decline — the first negative October since 2018 — Bitcoin price faces increased selling pressure amid tighter financial conditions, cautious institutional flows, and macroeconomic headwinds. The recent correction follows an early-October flash crash that dragged Bitcoin down to $104,000, wiping out much of its Q3 momentum. Despite a partial recovery, BTC remains roughly 14% below its recent peak near $125,000. At the time of writing, the Bitcoin price is…

OpenAI is on a spending spree to secure its AI compute supply chain, signing a new deal with AWS as part of its multi-cloud strategy.The company recently ended its exclusive cloud-computing partnership with Microsoft. It has since allocated a reported $250 billion back to Microsoft, $300 billion to Oracle, and now, $38 billion to Amazon Web Services (AWS) in a new multi-year pact. This $38 billion AWS deal, while the smallest of the three, is part of OpenAI’s diversification plan.For industry leaders, OpenAI’s actions show that access to high-performance GPUs is no longer an on-demand commodity. It is now a…

Crypto Presales As traders question the YZY Coin Price Today, attention turns to Noomez ($NNZ), a structured meme coin with real tokenomics, transparency, and long-term growth in focus. It’s been a whirlwind since Kanye West’s YZY Coin Price Today hit headlines, spiking to a $3 billion market cap before crashing within an hour. The hype faded fast as insider wallet data surfaced, showing that nearly 94% of the supply was held by insiders, and one wallet alone controlled 87%. The initial buzz that drove thousands of traders into a frenzy has now cooled into caution. And as excitement around YZY…

Brazilian solar power producer Thopen is exploring a move into Bitcoin mining to absorb surplus energy generated by the country’s fast-growing renewable sector, the company’s CEO told local outlet BN Americas.Gustavo Ribeiro, who is CEO of Thopen and its majority owner, Pontal Energy, told BN Americas the company is considering expanding into Bitcoin (BTC) mining, according to a Wednesday report. When asked how Thopen plans to address Brazil’s energy oversupply, Ribeiro said the company is mitigating the issue through diversification.He added that the company is also “evaluating solutions such as data centers and Bitcoin mining near the load to absorb…

Key points:Bitcoin will complete a double-top reversal pattern on a close below the $107,000 support.Several altcoins have broken below their immediate support levels, clearing the path for further downside.After October’s dismal performance, Bitcoin (BTC) has failed to change course. BTC has started the new month with a drop to the crucial support at $107,000, signaling that the bears are attempting to seize control.The demand from institutional investors has slowed down, as indicated by the $799 million in net outflows from BTC exchange-traded funds last week, according to Farside Investors’ data.Capriole Investments founder Charles Edwards said in a post on X…

Key takeaways:Ethereum ETFs experienced outflows for three consecutive days, totaling $364 million.Strategic Ether reserves and ETF holdings have dropped by 124,060 ETH since mid-October.Ether’s descending triangle is in play on the eight-hour chart, targeting $2,870 ETH price.Ether (ETH) fell 14% over the past 30 days, dropping below $4,000 to trade at $3,724 on Monday. However, technical and ETF data are not showing much bullishness, increasing the odds of a further correction below $3,000.ETH/USD daily chart. Source: Cointelegraph/TradingViewWaning institutional demand pulls down ETH priceThe decrease in Ether’s price can be attributed to investors’ de-risking behavior, which is visible across the spot…