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Financial advisers across Australia are increasingly reluctant to recommend or formally advise on cryptocurrency, even as consumer uptake rises and Canberra advances licensing and global tax reporting rules for digital assets.
Bitcoin surged above $85,000 for the first time in roughly eight months as a wave of forced liquidations erased about $648 million in bearish crypto positions and accelerated the market's latest rebound.
The New York Stock Exchange has spent roughly a year testing Avalanche technology as it develops infrastructure for tokenized stocks and ETFs, highlighting Wall Street's accelerating move towards blockchain-based markets.
Two software flaws in the Symbiosis Bitcoin Bridge allowed an attacker to create roughly 46.1 billion unbacked syBTC tokens from a tiny Bitcoin deposit, renewing questions about the security of cross-chain infrastructure.
US spot Bitcoin and Ethereum ETFs recorded roughly $520 million in combined net outflows on September 16, while XRP and Solana products attracted fresh money, highlighting a widening split in institutional crypto positioning.