Abu Dhabi Sovereign Fund triples its Bitcoin exposure: ≈ $518M in BlackRock ETF before the correction

The Abu Dhabi Investment Council (ADIC), an independent arm within the Mubadala Investment Co. umbrella, tripled its exposure to Bitcoin through the iShares Bitcoin Trust (IBIT) by BlackRock during the third quarter of 2025. As of Sept 30, ADIC's holding reached roughly 8 million shares, equivalent to approximately $518 million.

What happened: During Q3 ADIC concentrated purchases of IBIT shares, substantially raising its stake. The accumulation closed before Bitcoin hit an all-time high near $126,000 in early October and the subsequent correction that pushed prices below $90,000.

Scale and context: The increase represents a rise from ~2.4 million to ~8 million shares (≈ +230%). Combined with Mubadala's earlier moves in 2025, ADIC and Mubadala now control over 16.7 million shares in IBIT, consolidating significant combined exposure via ETFs.

ADIC manages a portion of Abu Dhabi's sovereign assets, which together exceed $1.7 trillion. For a fund of this scale, an allocation of ≈ $518M represents under 1% of total assets, leaving room for potential further accumulation.

The large-scale accumulation of IBIT shares implies real buy pressure on Bitcoin during ETF creation; however, the later market correction trimmed ADIC's position value by roughly 13% from its peak, highlighting timing risks even for institutional investors.

On social channels, the news sparked debate: some see this as evidence of long-term accumulation by "strong hands," while others note that ETF exposure does not equal direct control of private keys.

Technical outlook: Analysts are watching support in the USD 85,000–88,000 band. Holding that range could reduce immediate liquidation risk; a break below would increase the chance of mechanical selling from leveraged books.

Bitcoin drops below USD 90,000 as over USD 1 trillion is wiped from crypto market

Bitcoin fell below USD 90,000 in the latest market sell-off, triggering broad liquidations across leveraged positions and contributing to an estimated loss of over USD 1 trillion in total crypto market value over recent weeks.

What happened: In the past 48 hours, a strong wave of selling pushed Bitcoin under the USD 90,000 mark. The move was accompanied by a surge in forced liquidations on futures and margin platforms, which intensified intraday pressure and spread to other major crypto assets.

Liquidations & scale: Market tracking tools recorded substantial forced liquidations during the peak of the sell-off. More than USD 1 billion in long positions were liquidated within isolated 24-hour windows at the height of the move. Exchange orderbooks showed increased sell pressure and widened spreads during the most volatile hours.

The combined effect of price declines and margin calls contributed to the estimate that the aggregated crypto market cap has contracted by over USD 1 trillion across the recent multi-week drawdown.

The correction also affected publicly traded firms and tokenized funds tied to crypto, transmitting volatility to equity markets and institutional portfolios. This cross-market transmission magnified the selling pressure during key windows.

Technical outlook: Market participants are watching support in the USD 84,000–86,000 range. A clear hold of that band could reduce immediate liquidation risk; a decisive drop below it would increase the chance of further mechanical selling from leveraged books.

Binance WODL Answers Today — Daily Crypto Word Hints (Updated 2025)

Binance WODL is a crypto-themed word puzzle inside Binance. Guess the daily mystery word to win small rewards and learn crypto terms. Below you’ll always find the latest answers, hints and strategy tips, updated daily.

🧠 Today’s Binance WODL Answers

🧩 8-Letter Words

• PRACTICE
• SIMULATE

📊 7-Letter Words

• VIRTUAL
• TRADING
• EXPLORE
• CORRECT

📈 6-Letter Words

• OFFSET
• MINING
• MARKET

💡 5-Letter Words

• SKILL
• FUNDS
• IDEAS
• RESET
• LEARN

⚡ 4-Letter Words

• RISK
• REAL

💰 3-Letter Words

• TRY
• KYC

📋 How the Game Works

• Green → correct letter in the right position.
• Yellow → correct letter, wrong position.
• Black → letter not in the word.

🎮 How to Play Binance Crypto WODL

1. Create a Binance account and complete KYC.
2. Open the app or website and go to WODL (desktop: button above).
3. Use the color feedback to refine letters and solve the daily word.

💡 Tips to Solve Faster

• Start with broad crypto roots like ASSET, TOKEN, CHAIN.
• Check Binance Learn—the theme often matches the day’s word set.
• Play early; some regions refresh sooner.
• Bookmark this page for daily verified words.

More on GetBitcoin: Latest News · How-to Articles

❓ FAQ

What time do WODL answers refresh?

Times can vary by region and promo. Check daily and update guesses early.

Do answers differ by user?

The theme is shared, but sets and promos can differ by region/campaign. Always verify with color feedback.

Japan plans 20% crypto tax and full “financial product” status for major tokens

Japan is preparing one of its biggest crypto shake-ups so far: cutting tax on gains from leading digital assets to a flat 20% rate and upgrading a basket of 105 exchange-listed tokens to full “financial product” status. The package, designed by the Financial Services Agency (FSA), would apply to assets like Bitcoin and Ethereum and is expected to be bundled into the 2026 tax reform cycle.

What is Japan actually changing? Today, most Japanese crypto users report profits as “miscellaneous income” under the general tax code, with trading gains thrown into the same bucket as salary and other income and pushing active traders into very high brackets. At the same time, many tokens sit in a legal grey zone: neither clearly currencies nor clearly securities, and not supervised like either.

The reform tries to close that gap by pulling a defined set of 105 tokens into the same framework that governs traditional financial products.

How the new 20% tax would work. Today, most crypto gains in Japan are folded into overall income and pushed through progressive bands that can climb into the mid-50% range, with losses harder to offset and carry forward than equity losses — a mix that has driven many active traders offshore. 

Under the new framework, gains on the 105 approved tokens move into a dedicated capital-gains bucket taxed at a flat 20% rate, with equity-style loss offsets under discussion, while smaller or highly speculative coins outside that list are expected to stay under the old “miscellaneous income” rules with higher effective tax and less flexibility — drawing a clean line between tightly supervised blue-chip assets and everything else.

The role of domestic exchanges. Much of the overhaul leans on infrastructure Japan has built since the Mt. Gox era: a network of fully registered domestic exchanges that already handle billions of dollars in spot and margin volume each month and serve millions of accounts. Under the new rules these platforms become the official front door to the 20% tax and financial-product regime: only assets they list can join the 105-token set, and they must tighten token screening, governance checks and ongoing monitoring while taking more responsibility for explaining, in plain language, what each asset is and why it meets the new standard — raising the bar for serious projects and signaling that hype-driven tokens will stay on the far side of the fence.

Banks, insurers and the bridge to mainstream finance

Another key piece of the reform is how far it pushes crypto toward mainstream finance. Today, bank-affiliated securities firms and insurers are tightly limited in what they can do with digital assets, and banks themselves are heavily constrained from holding Bitcoin as an investment on their own balance sheets.

• Securities arms of major banks and insurers could offer Bitcoin and approved tokens next to stocks, ETFs and funds.
• Regulators are debating whether banks may hold small, tightly capped positions in approved digital assets.
• Any green light would come with strict capital, risk and disclosure rules, treating crypto more like other high-volatility assets.

Even if the first steps are modest, the direction is clear: Bitcoin and other top tokens are inching closer to the core of Japan’s financial system, rather than orbiting on the fringe as a purely retail side bet.

What this could mean for Bitcoin and crypto. For Bitcoin, the signal from Tokyo is strict but broadly positive: approved tokens are being pulled into a tighter cage of disclosure, surveillance and potential capital rules, which will squeeze vague or opaque projects but give mainstream investors a much clearer rulebook. Combined with a simple 20% rate and onshore access through regulated exchanges and, over time, big-bank investment arms, the reform could shift more Japanese trading back home and move the country away from the “high tax, high friction” corner toward a more balanced model — tighter supervision in exchange for a cleaner deal, and another step toward wiring crypto into the existing financial system instead of arguing over whether it should exist at all.

Czech central bank tests Bitcoin with $1 million "test portfolio"

The Czech National Bank (CNB) has launched a small but symbolic experiment in digital assets, building a $1 million "test portfolio" that includes Bitcoin, a U.S. dollar stablecoin, and a tokenized bank deposit. The holdings are not part of the bank's official reserves, but they mark one of the clearest examples yet of a central bank working hands-on with crypto.

What did the CNB actually do? In its announcement, the Czech National Bank explained that it has created a small portfolio of digital assets using real money from its own balance sheet. The total amount is around $1 million, which is tiny compared to the bank's overall assets, but enough to run a multi-year experiment. The test is housed in a special structure separate from traditional foreign-exchange reserves and gold holdings.

The bank describes the project as part of its innovation agenda. Instead of only reading reports or running simulations, the CNB wants to learn how crypto works by actually buying, holding, and managing it under real-world conditions, including security controls and regulatory obligations.

What is inside the CNB "test portfolio"?

The CNB says the portfolio is built to reflect three major building blocks of the new digital asset landscape: native crypto, tokenized traditional finance, and stable value instruments.

• Bitcoin (BTC): the main position, used to understand custody, volatility, and market liquidity for a non-sovereign asset.
• USD stablecoin: a token that tracks the U.S. dollar, useful for testing payments, transfers, and on-chain settlement flows.
• Tokenized bank deposit: a traditional bank deposit represented on a blockchain, bridging classic banking infrastructure with newer rails.

All positions were purchased through a regulated platform and held under strict internal rules. The bank emphasizes that no single provider should become a critical dependence for its experiments.

Why run a test portfolio at all? Central banks face growing pressure to understand how crypto and tokenized assets work in practice. The CNB notes that people may one day invest and pay using digital assets as easily as they tap a card today. By running a contained experiment, the bank can test everything from wallet management and internal approvals to risk models and accounting treatment, without committing to full-scale adoption.

The project is expected to run for two to three years. During that time, the CNB may rebalance within the test basket, but it does not plan to inject substantially more capital. At the end of the pilot, the bank will evaluate what it learned and how those lessons might influence its long-term strategy on digital assets and payments.

How small is this compared to real reserves?

0.0006%

of CNB's total assets

The $1 million test portfolio represents just 0.0006% of the CNB's total assets — visually closer to a single bar of gold next to a vault wall than to a major strategic allocation. This tiny scale is intentional: it lets the central bank study operational, legal, and market risks without affecting its core reserve strategy.

$1M

Test Portfolio

$160B+

CNB Total Assets

Is this Bitcoin as a reserve asset? For now, the answer is still no. The CNB stresses that the experiment does not change its official reserve policy and that Bitcoin remains, in its view, an immature asset class for reserves. The bank also points out that, under current rules, it could gain exposure to BTC indirectly through regulated investment products such as exchange-traded funds if it ever chose to do so.

Earlier this year, CNB governor Aleš Michl floated the idea that central banks should at least study Bitcoin seriously. However, the European Central Bank has repeatedly signaled skepticism about using BTC as a reserve asset. By placing its experiment outside formal reserves, the CNB stays within the European framework while still gathering first-hand experience.

What this means for Bitcoin and crypto: Even though the number is small, the message is clear: major public institutions are moving from "Should we ignore this?" to "We need to understand this in detail." For the crypto industry, it is a reminder that the next phase of adoption may come less from sudden big purchases and more from slow, careful experiments like this one.

Trump pardons former Binance CEO CZ

The White House issued a presidential pardon for Binance founder Changpeng "CZ" Zhao, making it the day's biggest crypto story. Supporters see it as a positive signal for crypto innovation, while critics worry it could weaken important compliance rules.

What happened with CZ: Back in 2023, CZ pleaded guilty to violations related to the Bank Secrecy Act, stepped down as Binance CEO, paid significant penalties, and accepted limits on his role. He served a short prison sentence in 2024. The pardon clears his remaining legal issues in the U.S., but it doesn't change the rules for other crypto companies. They still need to follow AML/KYC and consumer protection laws.

The legal context: CZ's case involved one of the biggest corporate settlements ever, with Binance paying approximately $4.3 billion in penalties. The main issues were failures in anti-money laundering controls and operating without proper licenses. Even with the serious charges, prosecutors noted that CZ took responsibility and cooperated, which helped reduce his prison time. This case sets important examples for how global crypto exchanges should work with U.S. regulators.

What Does Trump Think About Crypto?

From Critic to Supporter After calling Bitcoin a "scam" in 2019, Trump now accepts crypto donations and talks about supporting the industry to attract tech-savvy voters.

Clear Rules Instead of Surprises Wants to put new leaders at the SEC and create straightforward crypto rules instead of what he calls "regulation by surprise."

No Digital Dollar, Yes to U.S. Mining Promises to stop any central bank digital currency while supporting Bitcoin mining in America as good for energy and security.

What's next for CZ: Even though he's not CEO anymore, CZ still owns the biggest share of Binance and helps guide the company's strategy. He's starting a venture capital firm focused on crypto projects and building educational programs to help new entrepreneurs learn about compliance. A direct return to running Binance day-to-day seems unlikely because of regulatory oversight, but his ownership and industry connections mean he'll still help shape where the company and crypto industry go next.

Dollar comeback & crypto liquidations — Thursday, Nov 6, 2025

The U.S. dollar got stronger this week. When the dollar rises, it usually makes investors more careful with “riskier” assets. Crypto felt that pressure: prices pulled back, and many leveraged trades were closed by exchanges as protection, which added speed to the move.

Forced closes: a lot of traders were betting on higher prices. As the market fell, those positions were shut automatically (liquidations). This created a chain reaction: lower prices → more forced closes → lower prices again. That helped turn a normal dip into a faster drop.

Why the dollar matters: crypto is priced in dollars. A stronger dollar can make people less willing to take risk and can pull money away from assets like Bitcoin and Ethereum. If the dollar cools down, crypto usually breathes a bit easier.

Flows & mood: some U.S. crypto funds showed outflows this week, and stock markets also looked shaky. Together, that kept the mood cautious. If those outflows slow and headlines calm down, price swings can settle.

Near-term view: watch two simple things: the dollar and leverage. If the dollar pauses and traders avoid heavy borrowing, the market can try to build a base and bounce in steps. If the dollar keeps climbing and traders pile back into big bets too quickly, expect choppy days and sudden moves in both directions.

Bottom line: this pullback looks more like a currency story plus crowded positions than a change in the long-term trend. The next few sessions will likely be about patience—less leverage, and close attention to the dollar.

Bitcoin falls to ~$102.7k — Tuesday, Nov 4, 2025

Bitcoin slipped to about $102.7k on Tuesday as crypto broadly traded lower. The move gathered pace during U.S. hours and coincided with a fresh wave of long liquidations across futures markets. News desks also flagged a softer backdrop from recent U.S. spot BTC ETF flows and a cautious macro tone.

Leverage washout: the market came in long-heavy; once prices started to slide, forced unwinds accelerated the drop. Tally for the session/day topped the $1B mark in total crypto liquidations, mostly on the long side, according to market trackers and press wraps.

ETF flows cooled: U.S. spot Bitcoin ETFs showed a streak of net outflows into early November, removing a recent tailwind for dip-buying and weighing on sentiment. Over the latest run of sessions, cumulative outflows were cited around $1.3B{index=3}

Macro risk-off: a firmer U.S. dollar and shifting rate-cut expectations kept risk appetite cautious. On the day, gold and oil also traded slightly lower—consistent with a broad risk-off tone driven by a stronger dollar—though these moves look more like background headwinds than direct drivers for BTC.

Funding reset: elevated funding ahead of the slide pointed to a long tilt; the reset can reduce excess leverage and sometimes sets the stage for cleaner bases if flows stabilize.

Near term, positioning and ETF flows stay in focus. If outflows calm and funding remains balanced, the market can attempt a higher-low build; if large outflows persist while leverage reloads quickly, volatility likely stays elevated. Keep size disciplined until liquidity normalizes.

How to Open Your Binance Account — Complete Step-by-Step Guide (2025)

💡 Why Binance and Crypto Matter

• Earning potential: trade, stake or save for long-term growth.
• Peer-to-peer payments: borderless, fast transfers.
• Remittances: often cheaper and quicker than legacy rails.

With a Binance account you unlock tools for buying, saving, earning and learning in the crypto economy.

🧭 How to Create Your Binance Account — Step by Step

1️⃣ Register your account

1. Click here to open the registration page.
2. Enter your email/phone and a strong password (12+ chars, mix cases, digits, symbol).
3. Accept Terms and confirm your verification code sent by Binance.

2️⃣ Log in & secure with 2FA

1. Sign in with your new credentials.
2. Enable Two-Factor Authentication (2FA) via authenticator app or SMS.
3. Optional but recommended: anti-phishing code + device/email whitelist.

3️⃣ Complete Identity Verification (KYC)

1. Go to Profile → Identity Verification.
2. Upload a valid government ID (passport, ID card or driver’s license).
3. Complete facial verification if requested.
4. Once approved, deposits, trading and higher limits are unlocked.

4️⃣ Deposit funds & explore

1. Deposit fiat or crypto.
2. Explore features: Buy Crypto, Simple Earn, Staking, Launchpool, and mini-games like WODL.
3. Start small, learn the UI, and enable all security protections.

🎉 What to Do Next

• 💰 Buy your first asset (BTC/ETH/stablecoins).
• 🔐 Learn safe storage (hardware/software wallets).
• 🎯 Check bonuses, events, Staking and Simple Earn.

For visual, step-by-step tutorials, follow GetBitcoin—more guides coming soon.

Keep learning: More Articles · Latest News

❓ FAQ

How long does KYC take?

Usually minutes to a few hours; if there’s a regional surge it may take longer.

Do I need 2FA?

Highly recommended. It drastically reduces account-takeover risk.

What fees should I expect?

Trading fees vary by level and pair; deposits/withdrawals depend on method/asset.

Can I use Binance without verification?

Some features are limited; KYC unlocks full functionality and higher limits.