Bitcoin Lending, Stock Falls, BTC Reserves Stir The Crypto World: This Week In Crypto

The past week in the world of cryptocurrency was nothing short of eventful. From potential Bitcoin lending to significant stock falls and the legitimization of Bitcoin reserves, the crypto market has been buzzing with activity.

Here’s a quick recap of the top stories that made headlines.

Scaramucci’s Take On JPMorgan’s Bitcoin Lending

Founder of SkyBridge Capital, Anthony Scaramucci, shared his thoughts on the reported plan of JPMorgan Chase & Co. to allow clients to borrow against their Bitcoin holdings. Scaramucci described this move as a “big deal,” suggesting that it could significantly alter the financial dynamics of Bitcoin.

Read the full article here.

BitMine Stock Plummets After Shelf Offering

Shares of Bitmine Immersion Technologies Inc. took a nosedive in Monday’s after-market trading following the company’s filing for a shelf offering. The Ethereum-focused company saw a 15.1% drop in its stock after submitting a Form S-3ASR with the SEC.

Read the full article here.

See Also: Bitcoin, Ethereum, XRP Struggle After Underwhelming Jobs Report: Will A September Rate Cut Save The Bull Run?

Trump’s Bitcoin Reserve Legitimizes BTC

Coinbase Global Inc. CEO Brian Armstrong stated that President Donald Trump’s establishment of a Strategic Bitcoin Reserve has legitimized Bitcoin, prompting other G20 nations to consider building their own BTC reserves.

Read the full article here.

Pompliano’s View On Bitcoin As A Corporate Reserve Asset

Entrepreneur and investor Anthony Pompliano sparked a discussion on Bitcoin’s potential as a corporate reserve asset, describing it as a bet against the weakening U.S. dollar.

Read the full article here.

Ray Dalio’s Advice On Bitcoin And Gold Allocation

Billionaire investor Ray Dalio suggested a 15% portfolio allocation to Bitcoin or gold, citing concerns over increasing U.S. debt and potential currency devaluation risks.

Read the full article here.

Read Next:

• Crypto A Gamble Too Rich For Americans? 60% Say ‘Never’ Despite Bitcoin’s All-Time High Moves

This story was generated using Benzinga Neuro and edited by Ananya Gairola

Photo courtesy: Shutterstock