NFT sales volume has fallen by 5.41% to $79.31 million, down from last week&#8217;s 
$84.44 million. According to CryptoSlam data, NFT buyers have surged by 
989.62% to 222,294 and sellers have surged by 714.77% to 189,963. NFT 
transactions dropped by…

NFT sales drop 5.4% to $79m, Pudgy Penguins plunge 36%

Rising demand for physical crypto access accelerates as Royal Farms integrates 
Bitstop’s multi-asset kiosks across its 310 stores, advancing digital 
engagement and setting the stage for broader consumer participation through an 
expanding retail crypto infrastructure. Royal Farms Taps Bitstop Partnership 
to Deliver Multi-Asset Crypto Access Across States Escalating demand for 
physical crypto access points is […]

Major Retailer Royal Farms Deploys 310 Crypto ATMs Across Multiple States

In the latest financial report, American Bitcoin (ABTC), co-founded by Eric 
Trump and Donald Trump Jr., has announced significant profits for the third 
quarter (Q3) of the year. The company, operating as a miner and buyer of the 
world&#8217;s largest digital asset, experienced a profit boost due to improved 
margins. American Bitcoin Surpasses Previous Earnings During Q3, American 
Bitcoin reported a revenue of $64.2 million, showcasing a notable increase 
compared to the previous quarter. The net income for this quarter reached $3.5 
million, slightly exceeding the $3.4 million earned in Q3 of the previous 
year. Related Reading: By The Numbers: First Spot XRP ETF Achieves Record 
Launch Amid 900 Competitors Throughout the quarter, the company acquired over 
3,000 BTC through a combination of mining operations and strategic purchases, 
joining companies like Strategy (formerly MicroStrategy) in accumulating 
Bitcoin and betting on its long-term prospects. As of September 30, American 
Bitcoin held a total of 3,418 BTC in its reserves. The company significantly 
boosted its Bitcoin mining capacity by around 2.5 times quarter-over-quarter, 
adding approximately 14.8 exahash per second (EH/s) to reach a total capacity 
of approximately 25.0 EH/s by the end of September. In a post-earnings 
conference call, Eric Trump expressed pride in the company&#8217;s growth since its 
debut on Nasdaq, highlighting the addition of over 3,000 Bitcoin to their 
reserves and positioning American Bitcoin among the leading public Bitcoin 
treasuries. Eric Trump also emphasized the success of American Bitcoin&#8217;s 
strategy in the third quarter, underscoring the efficiency of their scalable 
and asset-light mining operations in generating Bitcoin below market rates. 
ABTC Stock Surges 5%, Bitcoin Drops Toward $95,000 CEO Mike Ho, in a 
conference call, highlighted the cost efficiency of American Bitcoin&#8217;s mining 
operations, stating that they mine at a significantly lower cost compared to 
conventional vehicles that acquire Bitcoin at spot prices. Ho further 
emphasized the company&#8217;s strong performance in the third quarter, showcasing 
accelerated growth in mining capacity, revenue, and gross margin improvements, 
he stated: Our third-quarter performance reflects the speed, discipline, and 
precision with which we are executing against our differentiated Bitcoin 
accumulation model. We more than doubled our mining capacity, more than 
doubled revenue, and grew gross margin by seven percentage points quarter- 
over-quarter. Related Reading: Dogecoin Shows Relative Strength: Breakout 
Signal Sits At This Price As a majority-owned subsidiary of Hut 8 Corp, 
American Bitcoin stands as a leading player in the crypto industry, with a 
strategic focus on efficient Bitcoin accumulation through mining practices. On 
Friday, the company&#8217;s stock, ABTC, surged by 5% toward the $5 mark. Meanwhile, 
Bitcoin has continued to decline in price since mid-October, reaching $95,328 
at the time of this writing — a 24% drop from its all-time high. Featured 
image from DALL-E, chart from TradingView.com

Trump’s Sons’ Venture, American Bitcoin, Achieves Profitability In Q3–A Closer Look

Institutional investors&#8217; retreat from Bitcoin ETFs signals a shift in risk 
appetite, potentially impacting broader cryptocurrency market stability.
The post BlackRock&#8217;s IBIT offloads $463M in Bitcoin, largest outflow on record 
appeared first on Crypto Briefing.

BlackRock’s IBIT offloads $463M in Bitcoin, largest outflow on record

Although the crypto sentiment index hasn’t fallen this low in more than eight 
months, some analysts argue the situation isn’t as dire as it appears.

Cryptocurrency price in SAR