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Today in crypto, U.S. Treasury Secretary Scott Bessent lauded Singapore’s progressive regulatory stance on digital assets, highlighting it as a blueprint for balancing innovation with security. Meanwhile, Bitcoin marked 17 years since the publication of its groundbreaking white paper by Satoshi Nakamoto—an innovation that transformed finance—though the cryptocurrency faces its first down October in seven years. In corporate news, Michael Saylor, chairman of Strategy, expressed hesitation about acquiring other Bitcoin treasury firms due to prevailing uncertainties but left room for future reconsideration.
Scott Bessent commended Singapore’s proactive and forward-thinking approach to crypto regulation during the APEC summit, emphasizing collaboration on increasing adoption of digital assets and U.S. dollar stablecoins. The Treasury Secretary also highlighted the historic capital inflows into advanced manufacturing and technology sectors that underline U.S. innovation efforts.
On Bitcoin’s anniversary, the white paper that introduced the peer-to-peer electronic cash system continues to shape the $2 trillion digital asset landscape despite recent price challenges. Satoshi Nakamoto’s vision laid the foundation for decentralization and proof-of-work consensus mechanisms that launched with the genesis block over 17 years ago.
Finally, Strategy’s Michael Saylor indicated the company’s cautious stance on mergers and acquisitions within the Bitcoin treasury space due to extended timelines and uncertainties, focusing instead on strengthening Strategy’s balance sheet and increasing Bitcoin holdings.
For the full story and more updates, visit: https://cointelegraph.com/news/what-happened-in-crypto-today
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$json.CompelingTitle = “Crypto Today: Singapore’s Visionary Regulation, Bitcoin’s 17th Anniversary, and Strategy’s Cautious Outlook”;
