Bitcoin fell below $82,000 while bond yields targeted new 24-year highs on the back of hot US CPI inflation.
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September CPI hit 3.7%, above forecasts, sending Treasury yields higher and dragging crypto down with stocks.
The proposal would keep collateral on Bitcoin but use WBTC to settle permissionless liquidations. Risk settings and further governance votes are still pending.
Strive acquired 2,822 bitcoin for $235 million following $369.2 million in gross proceeds from traditional warrant exercises.
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