Bitcoin Price Watch: BTC Consolidates Around $118.5K to $119K After Sharp Sell-Off

Bitcoin price stands at $119,128 with a market capitalization of $2.37 trillion, supported by a 24-hour trading volume of $63.34 billion. The day’s intraday range of $117,201 to $121,073 reflects a market in consolidation following a recent sell-off from August’s highs, as traders weigh directional cues from key technical indicators across multiple timeframes. Bitcoin The…

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Hong Kong SFC rolls out new custody standards for crypto platforms

Hong Kong SFC authority has unveiled new guidelines for how licensed crypto platforms handle customer funds, warning that recent failures overseas show the risks of weak custody controls. Summary The Hong Kong Securities and Futures Commission has issued new mandatory custody standards for crypto. Service providers must apply stringent governance and security measures to safeguard…

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Kazakhstan Launches Central Asia’s First Bitcoin ETF

Kazakhstan has entered the global bitcoin investment market with the launch of Central Asia’s first spot Bitcoin exchange-traded fund (ETF). The Fonte Bitcoin Exchange Traded Fund (BETF) started trading on August 13, 2025, on the Astana International Exchange (AIX), giving investors regulated access to the world’s largest scarce digital commodity. Kazakhstan International Exchange welcomes BETF…

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Wells Fargo boosts BlackRock Bitcoin ETF stake from $26 million to $160 million in Q2

Key Takeaways Wells Fargo increased its stake in BlackRock’s iShares Bitcoin Trust from $26 million to over $160 million in Q2 2025. The bank also expanded its investments in other Bitcoin ETFs, including Invesco Galaxy Bitcoin ETF (BTCO) and Grayscale’s funds. Share this article Wells Fargo increased its holdings in BlackRock’s Bitcoin ETF, the iShares…

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BtcTurk Loses $48 Million in Hot Wallet Breach

BtcTurk, one of Turkey’s largest cryptocurrency exchanges, has suffered a $48 million hack that targeted its hot wallets. The company initially paused crypto deposits and withdrawals, though fiat trading and lira transactions remained online. What started as a vague “technical issue” was quickly revealed to be something far more serious. Outside analysts flagged it as…

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