BlackRock: Sovereign Funds Boost Bitcoin Buying Amid Price Dip
Coinpedia
2025-12-04 13:45
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BlackRock CEO Larry Fink revealed that a number of unnamed sovereign funds have been steadily adding to their Bitcoin holdings. He said these funds increased their buying as Bitcoin pulled back from its $126,000 peak, picking up even more once the price slipped into the $80,000 range. Fink noted that their approach is gradual and focused on long-term accumulation. His comments show that major institutional players are using market dips as opportunities to grow their Bitcoin exposure.
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Final Launches Shannon Development Network: An "Adaptive Blockchain" Begins with Restricted TestingThe new public chain Final announced on September 15th that its first major version, Shannon, is already running on the development network. The project positions itself as an “adaptive blockchain network” and showcases a structure composed of a main chain and a transaction chain, with plans to provide core facilities such as derivatives, spot trading, and stablecoins at the protocol layer. What needs to be clarified at this point is that what has been launched is Devnet, not the mature mainnet intended for everyone. The official website states that Shannon will be open to the public “in the near future,” and the current page still provides an application access link; functions such as wallets, bridges, and documentation are also marked as upcoming.
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Canadian wholesale sales rose slightly by 0.3% in July: Building materials saw strength, but actual sales decreased by 0.6%On September 15, Statistics Canada announced that in July 2026, wholesale sales increased by 0.3% month-on-month at current prices, reaching C$91.4 billion. This figure does not include oil, petroleum products, and other hydrocarbons, nor does it include oilseeds and grains. On the surface, there was little change in sales amounts, with growth even observed in the building materials and food sectors; however, when calculated at constant prices, total sales volume decreased by 0.6%. The increase in nominal amounts while the actual quantity decreased indicates that price factors supported the data for that month, and it also serves as a reminder to the market that one positive growth figure alone should not be used to conclude that demand has strengthened.
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CoinPedia
·2026-09-16 03:51:21189 
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