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Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows

Bitcoin is nearing a market bottom, according to a key valuation metric called the Yardstick from Fidelity Digital Assets. “BTC’s Yardstick is hovering near historic lows, while several sentiment indicators are approaching capitulation territory,” stated Fidelity in its Q3 Signals Report on Tuesday. However, bitcoin is currently trading around 50% below its all-time high,…

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Tether USAT launches on Celo as second mainnet

Tether’s US-focused USAT stablecoin has launched on Celo, marking its second mainnet deployment after Ethereum and extending the token to a network widely used for digital-dollar payments. Summary USAT now supports native minting and burning on Celo rather than relying solely on bridged tokens. Celo users can pay network gas fees with USAT through the…

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