Deutsche Bank, Germany's top bank, is set to roll out a crypto custody service in the coming weeks, a major step to deepen the company's presence in the world of digital assets.
It plans to start by providing custody services for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The company will later expand its digital asset offerings,
Gerald Podobnik, co-head of the corporate banking division at Deutsche Bank, announced the company's plans at the International Monetary Fund and World Bank meetings in Bangkok.
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The new custody service will first be rolled out in Germany. The bank plans to expand its presence in key financial centers across Asia by 2027.
The bank also has plans to offer services that will enable its clients to convert fiat to stablecoins and vice versa.
The custody service is mainly targeted at institutions and corporate entities and not individual crypto investors.
As per the bank's earlier announcement, the company will help manage crypto wallets and private keys on behalf of its clients so they do not have to set up their own custody.
The bank had mentioned some stablecoins like USDC and EURC as part of the assets it plans to offer custody for when the service is launched. The fiat-to-stablecoin conversion services will come later.
Deutsche Bank is doubling down on blockchainDeutsche Bank is also working to roll out tokenized deposits and help corporate clients issue securities such as digital bonds on the blockchain.
Tokenized deposits are simply traditional bank deposits on a blockchain. This could help financial institutions move and settle funds using blockchain technology.
On the other hand, issuing bonds on a blockchain can simplify the process of issuing and settling debt securities.
Podobnik also said the bank believes blockchain-based financial products will be a complement to the bank's existing infrastructure and not a substitute for traditional financial services.
This move is part of Deutsche Bank's corporate banking strategy. They aim to see an 8% compound annual revenue increase until 2028.
US stock market sees "Black Friday": Nasdaq falls more than 2%, AI-related stocks decline across the board.
According to BIT (bit.com) market data, the U.S. Nasdaq index’s decline widened to 2.36%, the S&P 500 fell 1.19%, and the Dow Jones Industrial Average dropped 0.58%. Individual stocks posted losses: SPCX fell 2.24%, ORCL dropped 4.42%, GOOGL declined 2.27%, NVDA fell 0.95%, and TSLA dropped 2.97%. For other AI-related concept stocks: Optical module stocks: COHR fell 6.26%, LITE dropped 3.87%, AAOI declined 7.89%, NOK fell 2.51%, MRVL dropped 4.2%; Storage stocks: SKHY fell 6.13%, MU dropped 4.33%, SNDK declined 5.3%, WDC fell 5.16%, STX dropped 5.97%.
2 hours ago
The Nasdaq’s decline in US stocks widened to 2.2%, with the S&P 500 falling over 1%.
According to market data from BIT (bit.com), the Nasdaq extended its decline to 2.2%, the S&P 500 fell 1.11%, and the Dow Jones Industrial Average dropped 0.54%.
2 hours ago
US crypto-related stocks fell broadly, with Strategy (MSTR) dropping nearly 10%.
According to BIT (bit.com) market data, U.S. crypto-related stocks fell broadly, with individual declines as follows: Strategy (MSTR) down 9.9%, Strive (ASST) down 7.97%, SharpLink (SBET) down 6.46%, Bitmine (BMNR) down 6.87%, Bullish (BLSH) down 7.09%, Gemini (GEMI) down 4.90%, Circle (CRCL) down 5.65%, and Coinbase (COIN) down 4.5%.
2 hours ago
Trump: Oil prices will fall soon, and he hopes the Russia-Ukraine conflict will end.
US President Donald Trump delivered a recent speech on the Russia-Ukraine conflict and Middle East issues, stating: "I know some details of the Russia-Ukraine conflict, and I will make them public at some point. I hope it ends. The Biden administration has done a lot of bad things on the Ukraine issue." When asked about inflation, Trump again claimed: "Oil prices will drop soon. Israel has provided very significant assistance to Saudi Arabia, and the Abraham Accords are once again a topic in Saudi Arabia." (Jinshi)
2 hours ago
Strategy (MSTR) shares extend losses to 9%
According to market data from BIT (bit.com), Strategy (MSTR)’s decline has widened to 9.08%, currently trading at $137.5. On the news front, MSCI plans to implement new rules that use operating asset ratios and multiple financial ratio tests to filter out companies whose asset structures and operational characteristics are closer to investment funds than traditional operating enterprises. Strategy, due to its extremely high proportion of Bitcoin assets, has been included in the observation list of potential exclusion candidates. The final affected list is expected to be announced on November 11. Market participants believe that if MSTR is removed from MSCI-related indices, passive funds tracking these indices will be forced to reduce their holdings of its stock, which may generate selling pressure worth billions of dollars and pose a challenge to its model of continuously acquiring Bitcoin through equity financing.
2 hours ago
NEAR Intents announces progress on its vulnerability incident: Attackers exploited a flaw in deposit notifications to generate fake balances, and all funds have been returned.
Cross-chain swap protocol NEAR Intents has released a post-mortem report on its recent vulnerability incident, disclosing that the $3.8 million asset extraction stemmed from a flaw in its deposit notification function. Attackers created smart contracts intentionally causing notification failures, resulting in deposited tokens being refunded while the protocol’s internal ledger still recorded the corresponding balance. Over 23 failed deposit transactions, the attackers accumulated $3.8 million in fake, unbacked balances, then withdrew real tokens between September 29 and October 1, transferring them to other blockchains via Omni infrastructure. Alex Shevchenko, general manager of NEAR Intents, emphasized the vulnerability resided in NEAR Intents’ contracts, not Omni’s infrastructure. The protocol added that the attacker repaid all funds within 36 hours of the bug being identified, and affected users have received full compensation. The team has since enhanced balance monitoring mechanisms and permanently removed the vulnerable function on October 7. Additionally, a security researcher who discovered the critical vulnerability was awarded a $300,000 bounty.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
SHRMiner, a global leader in cryptocurrency cloud mining services, has launched a new cryptocurrency mining service under its innovative cloud mining brand.
Positioned as a next-generation platform, SHRMiner embraces the philosophy of “Simple Mining, Smart Earnings,” aiming to make industrial-grade cryptocurrency mining accessible to everyone through transparent, cost-effective, and user-friendly solutions, regardless of their experience level.
The initiative provides direct access to real, reliable, industrial-grade computing power for Bitcoin (BTC) and Dogecoin (DOGE), while also integrating Litecoin (LTC) mining capabilities. All computing resources are sourced from leading industry partners.
This collaborative initiative brings together world-class partners specializing in Proof-of-Work (PoW) mining hardware manufacturing, mining operations, and energy optimization to create a professionally managed, integrated ecosystem.
For retail users, this approach delivers several key advantages, including transparent pricing without intermediary markups and an efficient, direct supply chain. By shifting access to computing power away from institutional control and back to the community, SHRMiner offers one of the industry’s simplest approaches to cryptocurrency mining, giving everyone a fair opportunity to participate in the core infrastructure of the cryptocurrency ecosystem.
SHRMiner operates on a robust infrastructure supported by 300 MW to 2 GW of verifiable global power resources, enabling immediate activation and seamless operations.
Its initial computing capacity includes more than 10 EH/s of live Bitcoin mining power—equivalent to 10,000 PH/s or 10,000,000 TH/s—along with 200 TH/s of Dogecoin/Litecoin mining power, representing approximately 10% of the total Dogecoin network hashrate. The platform also provides auditable data and public monitoring to support reliable contract fulfillment.
These figures continue to grow as the platform adds thousands of state-of-the-art hydro-cooled mining machines each month.
“We are incredibly proud to launch SHRMiner, a platform designed to make cryptocurrency mining opportunities more accessible and equitable,” said Brayan Palmero, Chief Operating Officer of SHRMiner.
“Users can rent real computing power from professionally operated mining facilities and receive automatically settled daily mining rewards, eliminating the complexities of purchasing hardware, managing energy consumption, and maintaining mining equipment.
This low-barrier approach is ideal for individuals who want to participate consistently in cryptocurrency mining but lack the necessary technical resources, helping them pursue sustainable wealth accumulation.”
How to get started with SHRMiner Bitcoin mining Getting started with Bitcoin mining takes just three simple steps:
1. Register an account – Create an account to receive a $20 welcome bonus and earn $1.00 in daily rewards through a free trial mining contract. (Click here to register.)
2. Choose a cloud mining contract – Select from a range of popular short-term and long-term cloud mining contracts, with durations ranging from 1 to 50 days.
3. Start earning mining rewards – Track your daily mining rewards and withdraw your earnings in supported cryptocurrencies.
Examples of popular mining contracts Contract NamePriceProfitDaysPrincipal + Total ReturnNew User Experience Agreement$100$42100+8Bitdeer Sealminer A2 Pro$500$6.255$500.00 + $31.25Litecoin Miner L9$1,000.00$13.0010$1,000.00 + $130Bitcoin Miner S21 XP Imm$5,000.00$72.5025$5,000.00 + $1,812.5Bitcoin Miner S21e XP Hyd$10,000.00$155.0035$10,000.00 + $5,425ANTSPACE HK3$30,000.00$525.0040$30,000.00 + $21,000 For more information about available mining contracts, visit the official SHRMiner website or click here to explore the contract options.
David Haydock, Chief Executive Officer of SHRMiner, added:
“SHRMiner’s incubation initiative reaffirms our commitment to the community by bringing computing power back to retail investors at competitive costs and advancing the vision of ‘Crypto for Good.’
By decentralizing access to mining capabilities and putting them in the hands of real users, we are building a more inclusive Web3 environment where individuals can accumulate digital assets passively.”
About SHRMiner Founded in 2018, SHRMiner is a leading global cryptocurrency cloud mining service platform, serving more than 5 million users across over 150 countries and regions.
Built on advanced blockchain technology, SHRMiner is a next-generation cloud mining platform that provides retail and institutional users with access to real, verifiable computing power backed by world-class mining facilities around the globe.
Through its seamlessly integrated community ecosystem, SHRMiner supports efficient reward settlement, enables users to access enhanced mining rewards through real computing power, and encourages broader participation in the development of cryptocurrency’s core infrastructure.
Under the leadership of Chief Executive Officer David Haydock, SHRMiner remains committed to security, regulatory compliance, and continuous innovation.
Learn more:https://shrminer.com
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Deutsche Bank, the largest banking institution in Germany, will soon introduce a crypto custody service aimed at institutional and corporate clients. The move reflects the bank’s expanding focus on digital assets, with the initial rollout expected within the coming weeks.
New custody service targeting institutionsThe custody offering will start in Germany and is specifically designed for corporate entities and institutional investors rather than individual holders. The bank plans to manage crypto wallets and private keys on behalf of clients, eliminating the need for these entities to establish their own digital asset custody infrastructure.
Gerald Podobnik, co-head of the corporate banking division at Deutsche Bank, shared details of the new initiative during the annual meetings of the International Monetary Fund and World Bank in Bangkok.
Initial support will focus on major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The bank also outlined plans to offer custody services for select stablecoins, including USDC and EURC, when the service launches.
Deutsche Bank will manage wallets and private keys for institutional clients, offering secure storage for digital assets such as Bitcoin and Ethereum. The service does not extend to retail investors at this stage.
Expansion plans in Asia and new digital servicesAfter its German rollout, Deutsche Bank aims to expand crypto custody operations to key financial centers across Asia by 2027. In addition, the bank is working on introducing fiat-to-stablecoin conversion services to allow clients to move seamlessly between traditional currencies and digital tokens. These offerings will follow the initial custody launch.
ServiceAssets SupportedTarget ClientsLaunch RegionFuture RegionsCrypto custodyBTC, ETH, USDC, EURCInstitutions, CorporatesGermanyAsia (by 2027)Fiat-stablecoin conversionMajor fiat, selected stablecoinsInstitutions, CorporatesGermany (later)Asia (by 2027)The bank is actively developing further blockchain-based offerings. Plans include helping clients issue tokenized deposits and enabling the issuance of digital bonds using blockchain technology. Tokenized deposits will allow traditional bank deposits to be represented on a blockchain, facilitating rapid movement and settlement of funds within financial networks.
Deutsche Bank intends to support the creation and management of debt securities directly on the blockchain, which could make the process of issuing and settling bonds more efficient for corporates.
Mini dictionary: Tokenized deposit, a digital representation of a bank deposit issued and tracked on a blockchain, allowing banks and clients to use blockchain technology for instant settlement and movement of funds while retaining the traditional protections of regulated deposits.
Podobnik emphasized that blockchain-based financial products will serve as a complement rather than a replacement for existing banking infrastructure. He described these digital services as an extension of Deutsche Bank’s long-term corporate banking strategy.
Growth ambitions and strategic outlookThe crypto custody offering fits into Deutsche Bank’s broader corporate banking strategy, aimed at increasing revenue by 8% annually through 2028. The bank’s management expects that integrating digital assets and blockchain-based solutions will appeal to a growing segment of institutional clients interested in adopting new technologies.
Deutsche Bank’s entry into crypto custody marks another sign that major financial institutions are moving to provide digital asset services alongside their traditional banking offerings, underscoring the sector’s accelerating mainstream adoption.
US-listed cryptocurrency exchange-traded funds (ETFs) posted divergent results on October 15, with Bitcoin funds recording modest inflows while products tracking Ethereum, XRP, and Solana faced net withdrawals.
Bitcoin regains ground after sharp outflowsBitcoin ETF products collectively brought in $5.1 million on October 15, offsetting some losses from the prior session. On October 14, Bitcoin funds saw $261.4 million in outflows, led by major withdrawals from Fidelity’s FBTC and BlackRock’s IBIT.
By contrast, BlackRock’s iShares Bitcoin Trust (IBIT) registered inflows of $16.8 million, partially balancing $7.6 million in redemptions from Grayscale’s Bitcoin Mini Trust and $4.1 million from Invesco Galaxy’s BTCO.
Despite the daily rebound, data from Farside Investors indicated Bitcoin ETFs had a net loss of $146 million between October 12 and 15, reflecting persistent selling pressures during the week.
On a single trading day, Bitcoin-linked investment products drew more demand than major altcoin ETFs, though net inflows remained modest in the context of broader weekly outflows.
Altcoin ETFs report notable redemptionsEthereum, XRP, and Solana ETFs all posted net outflows during the session, with Ethereum experiencing the largest withdrawals among the four major crypto assets.
According to Farside Investors, US spot Ethereum ETFs shed $60.3 million on October 15, following a $129.5 million outflow the previous day. BlackRock’s iShares Ethereum Trust (ETHA) led the redemptions with $44.4 million, while Grayscale’s ETHE lost $18.3 million. Inflows of $2.4 million into Fidelity’s FETH provided limited offset.
Over two trading days, net outflows from Ethereum ETFs reached approximately $189.8 million. Despite the recent withdrawals, cumulative US Ethereum ETF net inflows remain positive at about $13 billion since launch.
Mini dictionary: Farside Investors, a financial research and data analysis firm, provides daily flows and statistics for US-listed spot and futures-based cryptocurrency ETFs, widely used by analysts in tracking institutional crypto fund activity.
XRP investment products also faced withdrawals. Data from CryptoETF Today showed XRP funds recorded around $1 million in net outflows on October 15. Bitwise’s XRP ETF accounted for $3.7 million in redemptions, partly balanced by $2.7 million in inflows into Franklin Templeton’s XRPZ fund. Estimates of XRP outflows varied between trackers, reflecting differences in how daily flows and fund coverage are calculated.
Despite the short-term weakness, the five XRP funds monitored by CryptoETF Today have seen total net inflows of roughly $1.81 billion since their respective launches.
Mini dictionary: CryptoETF Today is a market data provider that tracks flows and asset movements for US-listed crypto ETFs, focusing on leading digital asset investment products for both institutional and retail investors.
Solana ETFs, meanwhile, experienced $9.8 million in withdrawals. Grayscale’s GSOL saw $6 million in redemptions, while Bitwise’s BSOL lost $3.8 million. The pullback followed last week’s $24.8 million in outflows, which marked the end of a 14-week inflow streak into Solana funds.
AssetOutflow (Oct 15)Key Fund(s)2-Day Cumulative OutflowEthereum$60.3 millionETHA, ETHE, FETH$189.8 millionXRP$1 millionBitwise XRP, Franklin XRPZn/aSolana$9.8 millionGSOL, BSOL$34.6 million*Bitcoin+$5.1 millionIBIT, Mini Trust, BTCO$146 million (Oct 12-15)*Includes $24.8 million outflow during previous week.
Wider context: Institutional demand and adoptionRecent ETF outflows have reflected the broader volatility and risk-off sentiment seen across crypto markets in mid-October. While Bitcoin ETFs recovered briefly, many institutional investors continued to withdraw holdings from major altcoin products.
Analysts have cautioned that the latest short-term outflows are not necessarily indicative of a shift away from digital asset adoption. Cumulative net inflows into both Ethereum and XRP ETFs remain significantly positive since their US market introductions.
Some industry observers noted there is no direct evidence to suggest funds withdrawn from leading altcoin ETFs have been immediately reallocated into Bitcoin products. Daily fund flows can be influenced by a range of factors including portfolio rebalancing, market sentiment shifts, or institutional capital movements.
Bitcoin brushed $80,000 on Thursday before bouncing back above $82,000. While buyers managed to defend this key threshold, Glassnode notes a sign of fragility: buy orders supporting the price are becoming scarce below this symbolic level. A situation that deserves attention, as tensions over US inflation continue to weigh on markets.
In brief
On Thursday, bitcoin reached $79,800, exhausting some of the buy orders positioned at $80,000 on Binance. New demand then propelled its price to $82,634.
According to Glassnode, buy orders below $80,000 are becoming less numerous, which could weaken the next rebound.
Position liquidations accompanied the movement, while US wholesale prices rose 6.3% year over year.
At $80,000, buyers hold firm, but their reserve diminishes
The day before, the market analysis already highlighted the central role of the $80,000 threshold. On Thursday, Binance’s order book confirmed its importance.
Before 1 pm, bitcoin traded between $80,500 and $81,900, supported by a significant volume of buy orders at $80,000. Then, the price slipped to $79,800, putting this reserve to a tough test.
About twenty minutes later, Glassnode spotted new buy orders appearing just below this threshold. Buyers then reinforced their presence, allowing bitcoin to rise back to $82,634. In the evening, the price found new support around $82,000.
However, Glassnode emphasizes an important point: even though buyers defended $80,000, available orders below this level remain fewer than before. In other words, the next pullback may face less support.
Liquidations fuel the rebound despite economic tensions
Movements in derivative markets also explain part of this rise. The decline triggered about $930 million in liquidations, including $780 million of long positions. Then, the rebound resulted in $53 million in short position liquidations.
These forced buybacks can accelerate an uptrend but do not guarantee its continuation. Meanwhile, the US economic context continues to fuel concerns.
US wholesale prices rose 6.3% year over year, after the release of a consumer price index at its highest level in four months. Meanwhile, Beth Hammack, president of the Cleveland Fed, mentioned the possibility of a tougher response to inflation.
Investors are also awaiting the next statements from the Federal Reserve chairman. At the same time, US ETFs backed by bitcoin and ether recorded $391 million in outflows in a single session.
How high can bitcoin rise?
Prediction markets provide insight into investors’ expectations. At the start of the session, bettors estimated a 94.8% probability of closing above $80,000 and 53.5% probability of a price above $82,000.
By mid-morning, these probabilities had climbed to 97.2% and 68.5%, while the $84,000 threshold convinced only about 4% of bettors.
In the longer term, expectations remain mixed. The annual market, which represents nearly $76 million in volume, attributes a 38.5% chance to an increase up to $95,000 before December 31, versus 37.5% for a drop to $70,000.
Willy Woo, however, is more optimistic. According to him, bitcoin has already absorbed a significant part of its correction, even as stock markets were setting records.
The $80,000 threshold therefore held for the first time. But the question remains: will buyers have enough reserves to defend this level on the next pullback? The answer will mainly depend on the actual evolution of orders in the market.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
A suspected scammer who lost roughly $4.8 million in a Ledger wallet drain has become the unlikely face of the wider $100 million Ledger theft.
The twist is that the stolen money was itself stolen, turning a scam story into a lesson in custody.
How a Scam’s Proceeds Ended Up DrainedA task scam dangles easy money for simple online jobs, then demands deposits before any payout arrives. The pitch is always the same: do a little work, get paid, and deposit a little more to unlock the cash. Here, the workers were the first victims, and the scheme ran on their willingness to keep paying in.
According to Chainalysis, they were paid to fabricate sales and reviews for real products. Then their balances turned negative, and they were told to deposit their own money to unlock payouts.
The operator moved the proceeds into three separate Ledger addresses on September 22, where the money sat until it was taken.
On October 9, those addresses were emptied in single transfers into one wallet already flagged for holding stolen funds. The scammer’s haul was swept out from under them, and the money ended up in the hands of the very kind of actor the scheme preyed on.
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The Thief Gets Robbed: A $4.8M Crypto Scam Stash Vanishes in Ledger Drain. Source: X/@chainalysisThat detail is what makes the story more than a footnote. Chainalysis revealed it while tracing the wider Ledger drain, showing how stolen money often moves through addresses that already show a history of theft.
Who Really Loses When Stolen Money Gets Stolen?The scammer’s loss is only part of the story. Ledger’s wider drain has affected devices sold through CryptoBilis, a reseller operating in Malaysia, Indonesia and the Philippines.
Ordinary buyers paid the real price. Starting around October 9, users who bought devices from the shop reported drained wallets. Early estimates topped $86 million across Ethereum, TRON and Bitcoin.
Bitquery later put the total near $102 million, with about $79.3 million on TRON, mostly in USDT. Bitcoin accounted for roughly $16.8 million, or 203.8 BTC.
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Chart showing how Ledger wallet funds were distributed across blockchains. Source: Bitquery Ledger warned anyone who bought from CryptoBilis in the prior 90 days not to set up their devices. Buyers who had already set up were told to move funds to a new seed. The lesson for users is that the supply chain matters as much as the code.
Ledger says confirmed losses remain limited to Southeast Asia, and European spot-checks, including those in Germany, found no tampered stock.
Meanwhile, Tether has frozen roughly $10 million in USDT, while Chainalysis maps laundering through Tornado Cash, Zcash, bridges, and stablecoin conversions.
Injective gains 25% as Bitcoin rebounds above $80,000. October 16 analysis maps support, resistance, and key signals for BTC, ETH, INJ, AERO, and Zcash today.
Aerodrome Finance (AERO)
$0.919539
+7.53%
$83.37 million
83
Zcash (ZEC)
$1,204.87
+9.41%
$1.25 billion
10
Bitcoin Recovers From a Lower Low as Volume Improves
Bitcoin closed October 15 at $82,133.70 on Kraken, up 0.68%, after falling to $79,709. The session undercut the October 8 low at $80,328.60 but recovered above it before the daily close. That leaves a lower intraday low without a confirmed closing breakdown of the earlier support.
BTC/USD daily candles and on-balance volume show a recovery above $80,000 after a lower intraday low, with five-session OBV rising by 2,161 BTC.
On-balance volume increased by a net 2,161 BTC over five completed sessions. Thursday’s turnover reached 3,384 BTC, approximately 1.45 times the preceding 20-session average.
Those readings show improving short-term participation, although OBV remained below its late-September peak and does not yet confirm a sustained reversal.
The completed 00:00–04:00 UTC candle closed at $82,015.90. CoinGecko’s $81,965 quote was 1.42% above Thursday’s report snapshot of $80,821, a separate comparison from its rolling 24-hour change.
A daily close above $82,538, Thursday’s high, would strengthen the recovery toward $84,049–$84,250. Failure to hold $81,333–$81,576 would bring $80,329 back into focus.
A close below the new $79,709 low would invalidate the rebound and establish a fresh closing breakdown.
Ethereum Remains Below Its 20-Day and 50-Day EMAs
Ethereum closed October 15 at $2,439.39, gaining 0.86% after trading between $2,313.42 and $2,464.54.
ETH/USD daily candles with 20-day and 50-day EMAs show Ethereum recovering from $2,313.42 while remaining below both daily averages.
The long lower wick records a recovery from the session low, but price still ended beneath the 50-day exponential moving average at $2,494.63 and the 20-day EMA at $2,549.55.
Both averages declined from their previous readings. The faster average remained above the slower one, so there was no new bearish moving-average crossover. Instead, price remains below two falling daily trend references.
The latest completed four-hour candle closed at $2,436.93. The aggregate quote of $2,435.07 was up over 24 hours but still 3.11% below the $2,513.36 snapshot in the October 14 report.
Initial resistance is $2,464.54, followed by the 50-day EMA near $2,495. A daily close above that average would improve the rebound toward $2,527–$2,550.
Losing $2,401.68 on a daily close would weaken the recovery and refocus attention on $2,313.42. A close beneath that low would invalidate the latest rebound structure.
Injective Confirms a Daily MACD Crossover
Injective closed October 15 at $8.532, advancing 11.41% from $7.658. The candle finished above the previous session’s $8.376 high, while Kraken turnover reached 817,413 INJ, or 3.06 times the preceding 20-session average.
INJ/USD daily MACD (12,26,9) confirms a bullish crossover as price closes above the previous session’s high on elevated Kraken volume.
Daily MACD, using 12- and 26-period exponential averages and a nine-period signal EMA, confirmed a bullish line-signal crossover.
The MACD line rose to 0.2990 above its 0.2926 signal. The histogram moved from negative 0.0513 to positive 0.0064. The separation is small, but the crossover occurred on a completed daily candle.
The next completed four-hour candle extended to $9.320 and closed at $9.244. CoinGecko’s $9.17 quote was 11.69% above the $8.21 snapshot in Wednesday’s report.
It also exceeded Wednesday’s $8.764 Fibonacci reference intraday, although a daily close above that level remains unconfirmed.
A daily close above $8.695 would clear Thursday’s high and strengthen the approach to the October 13 peak at $9.490. Holding $8.097–$8.376 would preserve the immediate recovery.
A close below $8.097 would weaken it and expose $7.658; losing $7.057 would invalidate Thursday’s rebound. The MACD crossover alone does not confirm a breakout above $9.490.
Aerodrome RSI Strengthens Below Recent Resistance
Aerodrome closed October 15 at $0.9365, up 4.09%, after recovering from $0.8300. The close remained below the $0.9413 session high and the October 10 high at $0.9599, leaving a nearby resistance zone intact.
AERO/USD daily RSI (14) rises to 64.56 as price approaches $0.9413–$0.9599 resistance following a rebound from $0.8300.
The 14-day RSI, using Wilder smoothing, rose to 64.56 from 61.60. Momentum strengthened while remaining below the conventional 70 overbought threshold.
This supports the recovery but does not establish that resistance has been cleared.
The subsequent four-hour candle pulled back to $0.9205 at its close, with four-hour RSI at 55.89. CoinGecko’s $0.919539 quote likewise sat below the completed daily close, despite its positive rolling 24-hour performance.
A daily close above $0.9413–$0.9599 would strengthen the case for a test of the October 11 high at $0.9919.
The first support references are the recent $0.8997–$0.9043 closes, followed by $0.8530–$0.8568. Losing $0.8300 on a daily close would invalidate Thursday’s recovery and reopen the $0.7916–$0.7996 area.
Caption: AERO/USD daily RSI (14) rises to 64.56 as price approaches $0.9413–$0.9599 resistance following a rebound from $0.8300.
Zcash Retests the Midpoint of Its Latest Decline
Zcash closed October 15 at $1,220.32, gaining 6.46% after touching $1,073.55. The recovery followed a decline from the October 12 swing high at $1,348.03.
ZEC/USD daily Fibonacci levels track the recovery of the October 12–15 decline; the completed close reclaimed 50% before a four-hour pullback.
Fibonacci retracements measure an upward recovery of that specific $1,348.03-to-$1,073.55 downswing.
The 38.2% level is $1,178.40, the 50% midpoint is $1,210.79 and the 61.8% level is $1,243.18. Thursday’s daily close reclaimed the midpoint but ended below 61.8%.
The completed four-hour candle subsequently closed at $1,208.26, while the aggregate quote was $1,204.87. Both were back below the midpoint, making the initial recovery less secure.
This was a short-term loss of the reference level rather than a completed daily failure.
A daily close above $1,243.18–$1,251.86 would clear the 61.8% retracement and Thursday’s high, opening $1,284.78–$1,289.29, where the prior session high meets the 78.6% retracement.
A close below $1,178.40 would weaken the rebound toward $1,123.59 and $1,100.01. A new low below $1,073.55 would invalidate these recovery anchors and require the retracement to be recalculated.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The selloff in AI infrastructure debt has put a harder question to Bitcoin miners building data centers for artificial-intelligence customers: how much of the build is already funded, and how much still depends on favourable markets?
Key Takeaways
CoreWeave’s market yield neared 15%; its 9.625% coupon did not change.
Core Scientific swapped a short-term loan for fixed-rate secured notes.
IREN disclosed customer-backed funding for much of its GPU equipment spend.
Contracts and guarantees reduce specific risks; they do not fund every construction cost.
CoinDesk’s October 15 market coverage tracked losses across AI infrastructure and mining shares as yields on CoreWeave’s 2032 dollar notes moved toward 15%. The move does not automatically make existing debt more expensive, but it raises the hurdle for companies and customers that need fresh capital to build more capacity.
Why this matters
AI contracts can support a project on paper. They do not eliminate the cost of power connections, equipment, construction and the time between spending money and receiving customer payments.
CoreWeave’s bond yield is a warning about new money
CoreWeave’s dollar notes due in 2032 were issued with a 9.625% fixed coupon. Their yield rose toward 15% after investors marked down the price of the existing bonds; later Thursday reporting put the yield near 14.6%.
A bond yield is the return demanded by someone buying the debt at its current market price. It does not reset the coupon CoreWeave already owes on those notes.
What changed:
Existing fixed-rate debt kept the same contractual interest cost. The warning is for future borrowing, refinancing and expansion plans that now face investors demanding a higher return.
That pressure can reach miners through their AI customers as well as their own balance sheets. A customer facing higher funding costs may reconsider an expansion timetable. A developer raising capital after its shares fall may need to issue more stock for the same proceeds. And a partly built facility may still need substantial funding before it can generate revenue.
What to check before treating an AI contract as protection
The important distinction is not simply whether a miner has announced an AI customer. It is whether its funding structure covers the work required before the contract starts producing cash.
Protection
What it can reduce
What it does not remove
Fixed-rate debt
Interest-cost uncertainty on debt already issued
The cost of future borrowing, refinancing or unfinished builds
Customer prepayment
Part of the upfront equipment spending
Uncovered development costs and delivery obligations
Third-party payment support
Specified tenant or customer payment obligations
Construction overruns, operating costs and risks outside that agreement
For scale, a three-percentage-point increase in the rate on $1 billion of newly borrowed money would add $30 million in annual interest before fees. That is an illustration, not a forecast for any company discussed below.
Core Scientific has removed one near-term funding risk
Core Scientific is directly exposed to AI infrastructure demand through colocation agreements with CoreWeave, under which it provides data-center capacity. Its debt structure has changed since the Morgan Stanley facility announced in March.
Its June-quarter filing says the company repaid and terminated that $1 billion facility on May 6. A subsidiary then issued $3.3 billion of secured notes with a 7.75% coupon, due in 2031. Core Scientific reported no variable-rate debt outstanding at June 30.
That means a rise in market yields does not immediately increase the interest cost on those secured notes. But the same filing describes an uncapped completion guarantee for specified projects, leaving execution and construction costs central to the investment case.
Core Scientific is also broadening its future customer pipeline. Its July agreement with AMD secured more than 500 megawatts of capacity for end-customer deployments beginning in 2027, with room to expand. The agreement adds potential future revenue; it does not mean that all construction spending has already become cash flow.
IREN shows why customer backing changes the picture
IREN’s August financial update sets out two different financing arrangements. Its Microsoft-related GPU financing of approximately $3.6 billion carried a weighted-average interest rate of 6%, excluding fees, while a separate $2.4 billion financing for the Mackenzie expansion carried a 9% fixed rate.
The company said Microsoft-related financing and customer prepayments covered about 96% of the associated GPU capital expenditure. This is meaningful protection for the equipment budget, but it is not a claim that 96% of every cost involved in building and operating IREN’s wider platform has been covered.
The comparison with CoreWeave’s market yield is not a like-for-like pricing exercise. Customer credit, collateral, maturity, guarantees and the date a transaction closes all affect the cost of debt. It does show why broad claims about “AI financing costs” conceal the project-specific details that matter most.
Customer support does not guarantee project delivery
Cipher Digital provides another example of limited but valuable protection. Its filings describe Google backing certain Fluidstack lease obligations tied to the Barber Lake facility.
Such an arrangement can strengthen the payment support behind a project. Its scope still matters: backing specified tenant obligations does not automatically pay for construction overruns, every operating expense or unrelated developments owned by the same company.
Before colocation revenue begins, power connections, equipment installation and commissioning all have to be completed on schedule. A strong customer agreement improves the path to payment; it cannot turn unfinished capacity into operating capacity.
Bitcoin can fund the transition once; construction spends repeatedly
Several miners have used Bitcoin treasury sales during their AI transition. Those proceeds can help pay for development, reduce debt or strengthen liquidity.
But an asset sale is a one-time source of cash, while construction requires successive payments before customers start paying. Lower Bitcoin prices reduce the dollars available from any remaining holdings, while weaker equity markets can make a new share sale more dilutive.
The central test for miners moving into AI: not the headline value of a contract, but the gap between money still needed to finish the facility and cash the customer has begun to pay.
CoreWeave’s debt selloff does not place every AI-expanding miner in the same position. Companies with fixed debt, customer-backed equipment funding or tightly defined payment support have more protection than those still dependent on new capital. In every case, the remaining spending, contract conditions and delivery timetable determine how much protection those structures actually provide.
This article is provided for informational purposes only and does not constitute financial or investment advice. Financing figures reflect the dates of the cited disclosures; market yields can change rapidly.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets.
His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream.
He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets.
Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines.
During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
The Quantum Alliance, a consortium of nine crypto firms, was launched today. Publicly disclosed members include security company Hacken, Charles Hoskinson’s Midnight Foundation, quantum-resistant Layer 1 blockchain Quantus, and Postquant Labs; additional members have not yet been individually named. The alliance will develop common security standards for blockchains such as Bitcoin and Ethereum. It is estimated that roughly 6.4 million Bitcoin—representing 30.2% of the total supply—have exposed public keys, including around 1.1 million linked to Satoshi Nakamoto. Existing quantum computers are not yet capable of stealing these assets. However, the Quantum Alliance has significant internal divisions over the quantum threat timeline and response strategies. Bryn Bennett, chief revenue officer at The Vault, stated no one knows the exact date, but estimates of when quantum threats will become actionable are constantly advancing. Richard Carback, CTO of Postquant Labs, believes 2028 is a realistic timeline. The core debate centers on whether to freeze vulnerable assets. Carback advocates for transferring rather than freezing, while Bennett points out that freezing is a governance decision for the Bitcoin network, and any freeze would set a precedent that trades property rights and network neutrality for quantum risk. Previously, CZ suggested freezing Satoshi’s Bitcoin, and developer Jameson Lopp also proposed restricting vulnerable tokens, though critics argue this violates Bitcoin’s fundamental promise of non-seizure. Moving forward, the alliance plans to publish joint security testing and migration guidelines.
Bitcoin traded near $83,000 on October 16, recovering from a brief slide below $80,000 the previous day, after a hotter-than-expected September producer price index report rattled risk assets. The rebound came as U.S. Treasury yields eased, the dollar weakened, and futures-implied odds of another Federal Reserve rate hike fell, helping the market claw back most of its inflation-driven losses.
According to CoinGecko, Bitcoin changed hands around $83,300 on the morning of October 16, up roughly 0.3% over 24 hours and about 2.9% below its level a week earlier. Its 24-hour range spanned roughly $82,900 to $84,200. Even with the recovery, the asset remains roughly 34% below its all-time high of about $126,000, reached in October 2025.
Why Bitcoin Dipped Below $80,000
The slide began with the U.S. Labor Department’s September producer price data, released October 15. The producer price index rose 1.3% month over month, well above forecasts, with final demand goods up 2.6% and services up 0.8%. The year-over-year figure climbed to 6.3%. The report landed one day after September’s consumer price index showed headline inflation of 3.7% year over year.
Together, the two releases briefly pushed Bitcoin below the $80,000 mark for the first time since mid-September, as traders weighed the risk that the Federal Reserve could extend its tightening cycle. The CPI print had already dragged Bitcoin below $82,000 on October 14.
What Drove the Recovery
Despite the hot inflation data, the macro backdrop shifted in Bitcoin’s favor. The 10-year Treasury yield fell to about 5.10%, its lowest level in three weeks, as investors moved into U.S. government debt. The dollar index also eased, and market pricing for a Fed hike at the late-October policy meeting dropped from above 50% to roughly 27-32%, according to CME FedWatch data cited in market reports.
Those moves matter because Bitcoin has increasingly traded like a liquidity-sensitive asset. Falling yields and a softer dollar reduce the opportunity cost of holding a non-yielding asset, and a lower probability of another rate increase eases the pressure that had weighed on risk assets through the first half of October. The PPI-triggered drop had left traders asking whether $80,000 would hold; the recovery suggests the level found buyers, though the rebound has not yet been confirmed by a sustained return of spot ETF inflows.
Bitcoin’s reaction to the data also illustrates how the market now reads inflation through the lens of Federal Reserve policy. When a hot print raises the odds of another hike, yields climb and risk assets sell off; when officials signal caution or the data is absorbed, the trade reverses. The October sequence, a sharp PPI-driven selloff followed by a yield-driven bounce, fit that pattern, with the rebound arriving even as the inflation backdrop itself remained hot.
What Happens Next
U.S. spot Bitcoin ETFs posted a modest $5.1 million net inflow on October 15 after larger outflows in prior sessions, according to Farside Investors data. Whether that turns into a sustained trend is the next test. The Federal Reserve’s policy decision at the end of October will be watched closely: whether officials signal another hike or hold rates is likely to set the near-term direction for both Treasury yields and Bitcoin.
The immediate levels to watch are the $82,500-$83,000 zone that Bitcoin reclaimed on October 16 and the $84,000 area that capped earlier rallies this week. A close below $80,000 would invalidate the recovery case, while a move back above $84,000 would suggest the inflation scare has been absorbed.
Frequently Asked Questions
Why is Bitcoin up today?
Bitcoin recovered to near $83,000 after briefly falling below $80,000, as Treasury yields eased, the dollar weakened, and the market lowered the odds of another Federal Reserve rate hike.
Why did Bitcoin drop below $80,000?
The U.S. producer price index rose 1.3% in September, well above forecasts, which briefly pushed Bitcoin below $80,000 on October 15 after it had already slid on a hotter consumer price report.
What is Bitcoin’s price today?
Bitcoin traded around $83,300 on the morning of October 16, up roughly 0.3% over 24 hours and about 2.9% lower over the past week, according to CoinGecko.
When is the next Fed rate decision?
The Federal Reserve’s next policy decision is due at the end of October 2026. Market pricing in mid-October implied roughly a 27-32% chance of another rate increase.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
September was the month crypto took three hits that were supposed to break it and kept climbing anyway. A Federal Reserve rate hike, a failed Senate vote on the CLARITY Act, and the worst month for hacks of 2026 all landed within weeks of each other, yet Bitcoin finished the month up more than 6% after printing an eight month high above $87,000 on September 21. Behind the price action, Zoomex used the month to open its biggest trading championship yet with a record prize pool of up to 5 million USDT, push its TradFi Stock Perpetuals past 50 contracts and add six ETF perpetuals, widen its Prediction Markets, and mark a double points finish for the TGR Haas F1 Team in Baku, proof that Easy to Use and Transparent by Design hold up when the headlines turn ugly just as well as when they turn euphoric.
Zoomex by the NumbersNone of that changed what Zoomex actually is: a platform focused on Derivatives, running sub-10ms execution on a dual liquidity pool architecture that blends internal depth with aggregated external liquidity, wrapped in a minimalist interface built to hold up whichever direction volatility breaks. The platform continues to serve over 3 million registered users across 35-plus regions, with 700-plus trading pairs spanning Perpetual USDT, Inverse Perpetuals, Spot, tokenized equities, and Predict Market contracts, and a Stock Contracts offering that now spans more than 200 global stocks, indices, and ETFs.
September’s stress test was different from August’s whipsaw, a rate hike, a regulatory defeat, and a nearly $770 million hack total compressed into a single month, with the hacks concentrated in custody and credential infrastructure rather than smart contract bugs. The regulatory registrations listed in Zoomex’s September disclosures — Canada MSB, US MSB, US NFA, and Australia AUSTRAC, remained the same, and the platform’s Hacken audits and Proof of Reserves framework continued to do what they are designed to do: let users verify balances and reserves for themselves rather than take a platform’s word for it.
What We Shipped in SeptemberStock Perpetuals Pass 50 ContractsSeptember opened with Zoomex confirming that its Stock Perpetuals lineup had grown past 50 contracts, one of the largest product expansions in the exchange’s history, and a week later the platform detailed the expansion across four new categories of global equities, all margined and settled in USDT and trading around the clock rather than closing with Wall Street.
On September 10 it spotlighted TSLA and NVDA as flagship names, and on September 17 it added six ETF perpetuals, SPYUSDT, QQQUSDT, IWMUSDT, XLFUSDT, XLKUSDT, and TQQQUSDT, giving traders round-the-clock exposure to broad market, tech, financial and small-cap benchmarks. The timing fit the moment: the ETF launch arrived in the very week the Fed announced its first hike in three years, when Nasdaq-linked products like QQQ and TQQQ sat at the center of the rate debate.
Zero-Fee TradFi ReturnsHaving run a first Zero-Fee TradFi event from August 28 to September 4, Zoomex relaunched the campaign for a full month, running from September 11 to October 11.
The event rebates 100% of actual trading fees on eligible TradFi products, capped at 100 USDT per account, across Stock Contracts, Commodity Contracts on gold, silver and crude oil, and Stock Tokens, removing the cost of simply placing a trade for anyone wanting to test the platform’s TradFi offering.
ZWTC 2026: The Biggest Championship YetOn September 10, Zoomex launched the Zoomex World Trading Championship 2026, returning for its third year with a prize pool of up to 5 million USDT, the largest in the competition’s history.
The format expands across crypto perpetuals, stock contracts, AI-powered trading, a team competition with up to 2.5 million USDT in prizes, a solo battle, and a Rewards Zone with up to 1.5 million USDT.
The Squad Competition opened on September 21, ranking teams on three separate boards for profit rate, trading volume, and community popularity, and runs through October 11, a structure designed to reward teams for performance and participation, not just for the biggest account on the leaderboard.
Copy Trading Hub Under the SpotlightAlongside the championship launch, Zoomex put its futures focused Copy Trading Hub in the spotlight, built around one click execution, published trader performance data and rule based profit sharing.
Return on investment and cumulative profit and loss are charted over selectable windows of 7, 30 and 90 days, so users can judge a trader across timeframes instead of relying on a single flattering snapshot, which is Transparent by Design in practice.
On September 13, Zoomex’s X article on the hub put the pitch in plain terms: ROI, win rate and AUM visible on every trader profile, profit share shown up front, orders with IDs instead of screenshots, and the same rules for every copier. On September 16 the platform added a first week Copy Trading loss compensation campaign, offering up to 50 USDT in Copy Trading Bonus for eligible first week net realized losses through October 13.
Prediction Markets Go LongOn September 18, Zoomex expanded the Long-Term category of its Prediction Markets, which now accounts for 49 of the platform’s 70 live markets, alongside 5-minute, 15-minute, and 4-hour contracts.
The long horizon slate asks the questions the industry argues about all year, including whether HYPE will flip SOL by year end, whether China will unban Bitcoin by 2027, whether Bitcoin, gold or the S&P 500 will win 2026, and whether MicroStrategy will announce bankruptcy before 2027, each with a live probability gauge, a running volume figure and settlement against published resolution criteria rather than discretionary calls. The same month’s shortest markets showed the other end of the spectrum, with Bitcoin’s 5-minute Up or Down contract the most active market on the board at roughly $11 million in volume.
Individual KYC Explained: Optional to Trade, Clear on LimitsOn September 14, Zoomex published a plain-language guide to individual KYC, leading with the point most traders ask about first, verification is optional to trade. It only becomes necessary when withdrawals exceed 100 BTC a day, with Lv.0 accounts capped at 100 BTC daily and Lv.1 verification lifting the limit to 200 BTC.
The guide also sets expectations for the process itself, with reviews taking three to five days, up to two submission attempts per 24 hours, and a short checklist for getting approved the first time: clear photos, no edits, and name and date of birth visible. Publishing the thresholds, timelines and failure points in advance is the kind of Fair Access & Rule-Based Execution detail that rarely gets spelled out this openly.
The Trading Floor Keeps RollingThe Zoomex Live Hub AMA series that began in August carried on through September. Episode 3, announced on September 2, asked whether Bitcoin was at the bottom and, if not, what the market was waiting for, with ClaudiusVertesi, MetzyTrades and RealCryptoCrank on the panel and a 500 USDT audience prize pool paid out in 10 USDT shares.
Episode 5, hosted on September 24, turned to what comes next for traders, “The Next Trader: Social. Onchain. AI-powered.”, covering FOMO-driven social feeds, onchain perpetuals and AI agents that can route orders, with MindPillarTrade, Cryptic_Web3 and TTFBot joining and a 300 USDT audience pool, again at 10 USDT each. The topics tracked the month’s conversation, from the post-hike market mood to the AI and copy trading tools Zoomex was building into the platform.
September Rewards and the SOL Airdrop CarnivalFor newcomers, Zoomex ran two onboarding campaigns side by side. September Rewards, live from September 1 to October 14, offers up to 2,000 USD in total rewards, unlocked step by step as users complete tasks from their first deposit through Contracts, Spot, TradFi, Predictions and Copy Trading, effectively a guided tour of the whole platform.
On September 9, the SOL Airdrop Carnival added a second track: new users can earn up to 30 SOL by completing tasks, while traders who reach 100,000 USDT or more in futures volume share a larger pool, for a total prize pool of up to 15,000 SOL.
Community & Culture: Points in Baku and a Date in SingaporeSeptember’s community calendar mixed on track results with off track events. The 10 ETH airdrop that began on August 28 ran through September 28, splitting 3 ETH among new users who met the deposit and volume requirements and 7 ETH among eligible futures traders.
On the track, the TGR Haas F1 Team ended a difficult run of Grands Prix with its first double points finish of the 2026 season at the Azerbaijan Grand Prix on September 26, with Esteban Ocon eighth and Ollie Bearman ninth after both drivers avoided the pile-up at the first safety car restart, lifting Haas to seventh in the Constructors’ Championship on 27 points. Zoomex marked the result and its renewed role as the team’s Official Crypto Exchange Partner, drawing the parallel between precise teamwork under pressure and the reliability it aims to deliver in trading.
Looking ahead, Zoomex also confirmed its Traders After Party as an official side event of TOKEN2049 Singapore, taking place on October 7 at Echo Live Party, with a flagship panel titled “Where’s the Edge? Trading Crypto and Beyond” covering derivatives, TradFi and prediction markets, an exclusive community Q&A with Ollie Bearman, live music and a MacBook Air among the grand prizes.
ConclusionSeptember asked Zoomex’s infrastructure a different question than August did. Not whether it could hold up through a whipsaw, but whether it could keep building through a month in which a rate hike, a regulatory defeat and the worst hack total of the year arrived almost back to back, and in which the largest losses came from credentials, wallet infrastructure and third party tooling rather than from anything a code audit would catch. Zoomex’s answer was to keep shipping: a Stock Perpetuals lineup past 50 contracts and six new ETF perpetuals timed to the week of the Fed decision, a month long Zero-Fee TradFi campaign, a record championship, a Copy Trading Hub that shows its performance windows instead of hiding them, and Prediction Markets that now lean toward the long horizon questions traders actually argue about.
No platform token. No VC entanglements. No user funds at risk.
August confirmed that reliability compounds when markets reverse without warning. September confirmed the harder version of that lesson: it compounds just as much when the threat is not volatility but trust, and the platforms that publish how they work, let users verify their reserves and keep building through the noise are the ones positioned for October’s calendar, from the Fed’s next meeting to the TOKEN2049 stage and the final stretch of ZWTC 2026, not just for the next leg of the rally.
July confirmed that reliability compounds when markets don’t cooperate. August confirmed the harder version of that lesson: it compounds just as much when markets reverse without warning, and the platforms still building through both are the ones positioning for September’s regulatory calendar, not just the next leg of the rally.
About ZoomexFounded in 2021, Zoomex is a global cryptocurrency trading platform focused on derivatives trading. The platform serves over 3 million users across 35+ countries and regions, offering access to 700+ trading pairs. Built around easy to use, transparency, fairness, and speed, Zoomex provides a clear and efficient trading experience for users worldwide.
Through its high-performance matching engine, clear asset and order displays, and transparent fee and rule mechanisms, Zoomex helps users better understand their account status, order execution, trading costs, and results. Zoomex maintains registrations, licenses, and regulatory statuses across multiple jurisdictions, including the U.S. MSB, Canada MSB, U.S. NFA, and Australia AUSTRAC, and has completed security audits conducted by blockchain security firm Hacken. The platform also continues to strengthen its trust framework through Proof of Reserves, Security & Transparency, Compliance Information, and Fees / Rules Transparency initiatives.
Beyond trading, Zoomex builds a refined brand experience through elite sports partnerships, including the TGR Haas F1 Team, World Cup-winning goalkeeper Emiliano Martínez, and world-class tennis events such as Wimbledon. The values of speed, precision, discipline, fair play, and rule-based execution are closely aligned with Zoomex’s approach to derivatives trading.
At Zoomex: Easy to Use. Transparent balance. Fair access to your earnings.
Frequently Asked Questions What is Zoomex? Zoomex is a global crypto derivatives platform founded in 2021, serving over 3 million users across more than 35 countries and regions with 700+ trading pairs. How does Zoomex work? Zoomex operates through a high-performance matching engine with transparent asset and order displays, allowing users to execute trades and track outcomes with full visibility into their balances and results. What can you trade on Zoomex? Zoomex offers 700+ trading pairs spanning cryptocurrencies such as BTC, ETH, and SOL, as well as stock-linked contracts like NVDA and AAPL and gold exposure through XAUT. Where is Zoomex headquartered? Zoomex operates as a global cryptocurrency exchange with regulatory registrations including Canada MSB, US MSB, US NFA, and Australia AUSTRAC, reflecting its multi-jurisdictional compliance approach. Is Zoomex available in my country? Zoomex serves users across more than 35 countries and regions. Availability can vary by local regulation, so traders should check the official Zoomex website for country-specific access and requirements. Disclaimer
This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
Strive Inc. just pulled off one of the more notable capital raises in the Bitcoin treasury space. The company priced its 15.00% Series A Perpetual SATS Preferred Stock offering on October 15, 2026, after upsizing the deal from an initial 5 million shares to 7 million shares at $90 each, generating approximately $630 million in gross proceeds. At the $100 par value, the notional stated value of the offering clocks in at around $700 million.
Settlement is expected on October 20, 2026, subject to customary closing conditions.
How the deal is structured
The SATS preferred stock carries a fixed 15% cumulative annual dividend on its $100 stated amount, paid daily when declared, with payments set to begin November 9, 2026. At the $90 IPO price, that translates to an effective yield of roughly 16.7%.
Barclays and Cantor Fitzgerald served as joint book-running managers.
Proceeds are earmarked for general corporate purposes, with Bitcoin acquisition and related products as the primary targets.
This is Strive’s second preferred equity offering. Its first, the SATA offering, originally closed in November 2025. Strive has kept its balance sheet free of traditional debt obligations since May 2026.
Strive’s Bitcoin position is growing fast
As of mid-October 2026, Strive holds approximately 35,595 BTC. At the end of 2025, that figure sat somewhere between 7,500 and 7,600 BTC.
The absence of debt since May 2026 means all of those Bitcoin holdings are unpledged. Pledged assets can be subject to margin calls or forced liquidation during sharp price drawdowns.
Strive has structured its dividend reserves to cover up to 18 months of payouts.
Chairman and CEO Matt Cole has positioned Strive’s strategy as a disciplined, long-term approach to Bitcoin accumulation. Where Strategy, formerly MicroStrategy, built its Bitcoin position partly through convertible notes and other debt instruments, Strive is financing its treasury accumulation program through preferred equity.
What this raise signals for the market
The upsizing of the deal from 5 million to 7 million shares — a 40% increase in size — suggests the book was well oversubscribed.
For income-focused investors, a 16.7% effective yield on a preferred stock backed by Bitcoin exposure is a genuinely unusual combination. Preferred shareholders get their dividend priority over common equity holders, but the company’s ability to sustain those dividends depends on its broader financial health and, indirectly, on Bitcoin’s trajectory.
Strive trades on Nasdaq under the ticker ASST. With approximately 35,595 BTC on its books and a freshly closed $630 million raise to add more, the company is now positioned as one of the more significant Bitcoin accumulators in the public markets.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Capital B has reported a €69.5 million ($78 million) net loss for the first half of 2026, largely driven by a €67.5 million ($75.8 million) Bitcoin impairment charge, even as the French company’s cryptocurrency holdings increased 11.2% during the period.
Summary
Capital B reported a €69.5 million first-half net loss, mainly driven by Bitcoin impairment charges. The company’s €67.5 million Bitcoin impairment was noncash and reflected prices recorded on June 30. Capital B increased its strategic Bitcoin holdings from 2,823 BTC in January to 3,139 by June. First-half revenue increased 3.5% to €5.85 million, while group adjusted EBITDA remained in negative territory. By September 30, Capital B held 3,538 Bitcoin acquired at an average cost of €87,805. Capital B confirmed in its October 15 financial report that the charge reflected Bitcoin’s valuation as of June 30 and did not involve a cash payment. The Paris-listed company reported a net loss of €1.9 million during the corresponding period in 2025.
Despite the accounting loss, consolidated revenue increased 3.5% from €5.65 million to €5.85 million ($6.5 million). Capital B continued raising funds for Bitcoin purchases, bringing its strategic holdings to 3,139 BTC by June and 3,538 BTC by the end of September.
The results cover the six months ended June 30, while the company’s treasury update includes transactions completed after the reporting period.
Capital B’s $78M loss comes largely from Bitcoin impairment The first-half results were dominated by a €67.5 million impairment charge associated with the company’s Bitcoin holdings. Capital B recognized the charge after assessing the cryptocurrency’s value at the June 30 reporting date.
An impairment charge reduces the recorded value of an asset in a company’s financial statements when accounting rules require it. Capital B explained that the Bitcoin adjustment did not involve selling its holdings or making an equivalent cash payment.
The company’s financial result fell to a loss of €67.5 million, compared with approximately €66,000 during the first half of 2025. Consolidated net income subsequently declined to negative €69.5 million from negative €1.86 million a year earlier.
Operating figures presented a different picture. Capital B reported an adjusted EBITDA loss of €1.07 million, compared with a loss of €815,000 during the corresponding six months in 2025.
EBITDA measures earnings before interest, taxes, depreciation, and amortization. Capital B uses an adjusted measure that incorporates certain accounting items, including France’s research tax credit.
According to the filing, approximately €2.2 million of costs were connected to its Bitcoin treasury operations. Expenses included salaries, financial advisory services, and other activities associated with maintaining and financing the cryptocurrency strategy.
Meanwhile, the company’s established technology businesses reported positive adjusted operating EBITDA of approximately €640,000. The figure represented a 9.8% increase from €580,000 in the comparable period.
Its operating subsidiaries provide data intelligence, artificial intelligence, and technology consulting services. Capital B said the group incurred €3.3 million in purchases and other operating expenses, an increase of 9.9% from the previous year.
Capital B expands Bitcoin treasury to 3,538 BTC Alongside its financial results, Capital B provided updated figures showing continued Bitcoin purchases throughout 2026.
The company’s strategic reserve increased from 2,823 BTC in January to 3,139 BTC by June 30, representing growth of 11.2%. Subsequent acquisitions brought the reserve to 3,538 BTC by September 30, an increase of 25.3% from the beginning of the year.
Capital B reported a total acquisition cost of €310.6 million for the September holdings, equivalent to an average purchase price of €87,805 per Bitcoin. The figure represents the company’s historical acquisition cost, not the cryptocurrency’s current market value.
In its October 15 financial disclosure, the company stated that the strategic reserve remained at 3,538 BTC. It separately held another 61 BTC designated for operational requirements.
The additional 61 BTC are excluded from the company’s reported strategic treasury performance indicators. Including those separately designated assets, Capital B controlled 3,599 BTC as of the announcement date.
Earlier in September, the company completed additional Bitcoin purchases following new fundraising transactions. Its €25.3 million Bitcoin acquisition program followed private placements involving institutional investors and shareholders.
Capital B measures treasury progress partly through a metric called BTC Yield, which tracks changes in Bitcoin holdings per fully diluted share. The company reported a 1.85% BTC Yield for the first half and 2.2% through September.
Its financial report cautions that BTC Yield is not equivalent to a conventional investment yield. The indicator does not measure operating profit, cash generation, or the investment return earned by shareholders.
Capital B raises funds to continue Bitcoin purchases During the first half, Capital B announced financing transactions totaling €27.5 million, or roughly $30 million. The amount included equity placements, share warrants, and financing packages combining shares with warrants.
According to its financial report, approximately €15.2 million came from share-and-warrant transactions, while warrant exercises generated another €8.8 million. Equity financing programs contributed approximately €3.5 million.
The company used its financing strategy to support Bitcoin purchases and increase the amount of cryptocurrency held per fully diluted share.
Among its institutional investors is Blockstream co-founder Adam Back, who participated in earlier funding rounds. A September transaction involving Back raised €7.6 million and expanded his investment in the company.
As detailed in the Capital B financing agreement involving Adam Back, the placement included shares and warrants that could provide further funding if exercised.
Capital B’s latest report showed fundraising activity continued after June. From the start of the second half through October 15, the company announced approximately €31.7 million in additional capital raises.
Most of the second-half funding came from transactions combining equity with warrants, accounting for €28.7 million. Another €3 million was raised through equity financing arrangements.
The company had previously secured shareholder authorization for substantial financing capacity. At its June meeting, investors approved up to €5 billion in capital increases and €100 billion in credit instruments.
The shareholder-approved Bitcoin financing framework provides authority for potential future transactions. The approved limits do not represent funds already raised or debt already issued.
Capital B completes stock split and updates cash position Capital B’s financial report confirmed that its 10-for-1 reverse stock split became effective on September 8, following approval by the board on July 17.
The transaction combined every ten existing shares into one new share, reducing the number of shares outstanding without changing investors’ proportional ownership solely through the consolidation.
Following the adjustment, each share’s nominal value increased to €0.80. Capital B adopted a new International Securities Identification Number, FR0014019Y19, and adjusted the terms of outstanding warrants and convertible instruments.
The company previously described the restructuring as part of its efforts to attract institutional investors. Its shares continue trading on Euronext Growth Paris under the ticker ALCPB, with CPTLF used for its U.S. trading quotation.
Separately, Capital B reported improvements in its available cash after the first-half reporting date. At June 30, the group held €2.3 million in cash and 61 BTC designated for operating requirements.
By September 30, available cash had increased to €4.6 million. The company valued its separately designated 61 BTC at approximately €4.5 million, bringing combined cash and operational Bitcoin resources to €9.1 million.
The group’s total assets stood at €317.1 million at the end of June, compared with €297.2 million at the end of 2025. Shareholders’ equity declined to €86.8 million from €109.4 million, while provisions increased to €124 million.
Capital B said its half-year financial statements had undergone a limited review by statutory auditors and were prepared on a going-concern basis. Based on its internal forecasts, the company stated that available liquidity was consistent with its expected funding requirements for the following 12 months.
On August 17, Blockstream Capital Partners completed the conversion of its remaining 14.2 million OCA B-01 convertible instruments into approximately 28.7 million ordinary shares before the reverse stock split. The conversion was among the post-June transactions included in the company’s October 15 financial disclosure.
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz! He's made $762K so far. On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens. He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
5 minutes ago
Data: Papertrade’s loss mining period lasted less than 6 days, with the top three addresses by trading volume each exceeding $10 billion.
According to EmberCN’s monitoring, since the Papertrade platform on the Hyperliquid chain launched loss mining on the 10th, the three addresses with the highest trading volumes have all surpassed $10 billion each in less than six days. The top address posted a trading volume of $11.6 billion, with trading losses of $780,000, earning 46 million PAPER tokens at an acquisition cost of $0.017 per token. The second address recorded $10.3 billion in trading volume, $930,000 in trading losses, and received 85 million PAPER tokens at an acquisition cost of $0.011 per token. The third address saw $10.1 billion in trading volume, $980,000 in trading losses, and obtained 252 million PAPER tokens at an acquisition cost of $0.0039 per token. The acquisition cost excludes PAPER token dividends; factoring in dividends would lower the cost further, with the third address potentially even holding a negative cost.
5 minutes ago
Bonk Guy's Portfolio Surges $1M+ in 24H, Maintains #FOMO Leaderboard Lead
As the market rebounds, Bonk Guy(@theunipcs)'s portfolio has grown by $1M+ in the past 24 hours. He remains No. 1 on both #FOMO's 24H and All-Time leaderboards.
5 minutes ago
Hong Kong Exchanges and Clearing (HKEX) aims to transition to T+1 settlement in the second half of 2028.
Hong Kong Exchanges and Clearing (HKEX) has published a consultation summary document on shortening the settlement cycle of Hong Kong’s spot stock market, which shows widespread market support for implementing a T+1 settlement cycle in Hong Kong’s securities market. Based on feedback from various stakeholders, HKEX plans to complete the relevant transition in the second half of 2028, provided the market is ready and regulatory approval is obtained. The consultation received a total of 109 non-duplicate responses from market stakeholders including brokers, custodians, investment managers, industry associations, technology vendors, and investors. Respondents supported Hong Kong’s adoption of a T+1 settlement cycle, agreeing that this move will help enhance market efficiency, reduce settlement risks, improve capital efficiency, and consolidate Hong Kong’s competitiveness as an international financial center.
Bitcoin (BTC) price briefly dropped below $80,000 on October 15 after US PPI inflation came in hot at 6.3%. The rising inflation has now triggered hawkish remarks from Fed officials as the odds of one more Fed rate hike in 2026 soar.
Bitcoin Briefly Drops Below $80K as Hammack Warns of Hawkish Policy Cleveland Fed President Beth Hammack has warned that surging inflation could force the Federal Reserve to take a more aggressive monetary policy action.
While speaking in New York during a Goldman Sachs event, Hammack noted that it might become harder for the Fed to control the persistent price pressures if businesses and consumers expect inflation to remain high.
Hammock’s remarks come after the US PPI inflation rose by 6.3% in September 2026, which increased the odds of the Fed hiking interest rates during the December 2026 Federal Open Market Committee (FOMC) meeting and pushed Bitcoin price below $80K for the first time since September 18.
Chicago Fed President Austan Goolsbee has also noted that this week’s inflation data was “discouraging”, adding that the pressures will only ease if the drivers of inflation, including geopolitical tensions and tariffs, go away.
Whale Wallets Accumulate as Retail Traders Panic Data from Santiment shows that Bitcoin’s key stakeholder wallets holding between 10 and 10,000 BTC are rising. These wallets have reached an all-time high of 20,338 following a sharp rise since mid-July.
Per Santiment, this data suggests that large investors remain confident despite the recent surge in volatility, and the accumulation could create a healthy setup for a future upside.
Source: Santiment However, while whales are buying, futures and retail traders are selling. The Binance funding rate signal on CryptoQuant has turned negative suggesting that traders are positioned short as they bet on a bearish future Bitcoin outlook.
CoinGlass data shows that Bitcoin exchange reserves have increased from 2.43 million on October 8 to 2.45 million on October 16, suggesting that some traders are moving their coins to exchanges for selling.
Bitcoin Price Defends Crucial $80K Support Level Bitcoin price has surged with an intraday gain of 2.8% at press time, marking a notable recovery from the drop below $80,000 on October 15.
However, the swift recovery left uncollected liquidity at $79,800. BTC value might be pulled lower to collect liquidity at this low before a strong recovery occurs.
The RSI reading of 47 supports this bearish Bitcoin outlook and suggests that, despite the move to $82,000, the momentum remains weak.
Source: TradingView On the upside, Bitcoin price faces resistance at the midline of an FVG gap at $82,580. Closing above this midline could confirm a strong move to the upside and may kickstart the next bullish leg to the PoC line at $83,885.
Bitcoin rose back above $82,000 as the weaker dollar and recovering risk sentiment helped support crypto assets. The cryptocurrency rose 0.25% to $82,205 after falling as low as $79,770 on Thursday, when a sharp flight from artificial-intelligence stocks prompted a broader pullback from risk assets including crypto. Ether also recovered Friday, rising 0.3% to $2,457.
Bitcoin's move in tandem with AI stocks demonstrates crypto's vulnerability to broader financial market uncertainty, " particularly when investors reduce exposure to highly volatile assets," said Naeem Aslam, chief investment officer at Zaye Capital Markets. Flows recovered later Thursday as investors moved to buy the dip.
Bitcoin exchange-traded funds ended the session with net inflows of $5.1 million, according to crypto data platform CoinGlass. Flows were concentrated in BlackRock's bitcoin ETF, which drew $205.78 million, offsetting a pullback in other funds. Crypto assets were helped by dimming expectations for a near-term Federal Reserve rate hike.
Fed Chairman Kevin Warsh avoided sounding a clearly hawkish or dovish tone during a moderated conversation in Bangkok. Looking ahead, "bitcoin's immediate outlook depends on whether declining Treasury yields and renewed institutional inflows can offset inflation-driven monetary tightening concerns," Zaye Capital Markets' Aslam said.
Write to Joe Stonor at [email protected] (END) Dow Jones Newswires 10-16-26 0505ET Copyright (c) 2026 Dow Jones & Company, Inc.
Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro highs.
Key points:
Bitcoin (BTC) may continue to new all-time highs if it successfully breaks through its 20-month moving average at $87,165, CryptoQuant reported.The market cycle signals metric showed BTC/USD poised to reclaim this “inflection frontier,” which it lost in December 2025. CryptoQuant’s bull-bear market cycle indicator continued to show Bitcoin as being in a bull market.
Analysis: Bitcoin “reset” complete as key trend line reappearsData from onchain analytics platform CryptoQuant reveals that BTC/USD has begun a fresh battle with its 20-month simple moving average (SMA).
The 20-month SMA, at $87,165 as of Oct. 16, is the trend line around which the popular Bollinger Bands metric is constructed. This in turn forms the basis for CryptoQuant’s market cycle signals tool, which seeks to pinpoint Bitcoin’s position within its market cycle.
Bollinger Bands uses standard deviation to add an upper and lower band around the 20-month SMA. Currently, these sit at $121,640 and $52,694, respectively. CryptoQuant’s indicator describes the zone between the lower band and SMA as an “accumulation base,” while the SMA itself is referred to as an “inflection frontier,” a previous point of investor capitulation as price broke below it from above, most recently in December 2025.
BTC/USD one-month chart with Bollinger Bands. Source: Cointelegraph/TradingView
With Bitcoin now preparing to challenge the capitulation zone from below, history shows that successful breakouts have led to new cycle highs.
“Just over a year after the all-time high (ATH) of $124,709 on October 6, 2025, the market has concluded its ‘reset,’” CryptoQuant contributor GugaOnChain summarized in a blog post.
While Bollinger Bands are not intended to offer buy and sell signals, market cycle signals sees “smart money” taking profit once BTC/USD reaches its upper band. While this currently sits just below Bitcoin’s most recent all-time high of $126,200 from October 2025, CryptoQuant sees the next rally continuing beyond that level.
“While retail fears the current $82,442, thinking it’s the ‘top,’ the on-chain indicator BTC: Market Cycle Signals reveals that we are just warming up,” GugaOnChain added, referring to a current BTC price support zone.
The 20-month SMA has confluence with Bitcoin’s 2026 opening level at $87,490, boosting its strength as resistance. As Cointelegraph reported, large walls of ask liquidity remain in the vicinity across exchange order books.
Onchain data shows entrenching Bitcoin bull marketCryptoQuant maintains a broadly optimistic stance on Bitcoin’s emerging bull market despite crypto and risk assets navigating macroeconomic headwinds.
This week, contributor XWIN Research Japan flagged data from three onchain metrics that they said gave reason for “cautious optimism” for bullish momentum to return through the end of October.
In late August, CEO Ki Young Ju officially stated that the bear market was “over” based on readings from the bull-bear market cycle indicator. This uses composite data from several onchain profitability metrics, and shows bullish momentum accelerating with a reading of 0.186 on its scale versus 0.042 in August.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Google has demonstrated a 40-fold reduction in quantum computing errors using its Willow processor, advancing a technology that researchers believe could eventually challenge the cryptography protecting Bitcoin.
Summary
Google reduced quantum computing errors approximately 40-fold using magic state cultivation on its Willow processor. Google’s researchers achieved 99.99% logical fidelity while testing purified quantum states on real computing hardware. Glassnode estimated 6.04 million BTC had exposed public keys, representing 30.2% of mined Bitcoin. Google’s earlier research estimated future cryptographic attacks could require fewer than 500,000 physical quantum qubits. Coinbase published Bitcoin security recommendations on October 13, addressing migration challenges and vulnerable legacy coins. Google announced the results on October 15, 2026, following the publication of its research in the scientific journal Science. The experiment used a technique called magic state cultivation to produce quantum states with 99.99% logical fidelity, or accuracy, under the researchers’ testing method.
The achievement addresses a technical problem that has limited efforts to build reliable quantum computers. Although Google’s experiment did not break Bitcoin’s encryption, its findings concern technology that could eventually help future machines perform the calculations needed to attack existing cryptographic systems.
JUST IN: Google’s Willow chip advances quantum computing, raising fresh questions about Bitcoin’s security
A new technique called “magic state cultivation” cuts quantum errors roughly 40x with 99.99% accuracy, but scaling it up remains a challenge before quantum computers could… pic.twitter.com/9gL46tAPJT
— crypto.news (@cryptodotnews) October 16, 2026 The research follows Google’s March assessment that a sufficiently powerful quantum computer could break the type of elliptic curve cryptography used by Bitcoin with fewer than 500,000 physical qubits under specified hardware assumptions.
Google cuts quantum computing errors by 40 times Google’s latest experiment focused on reducing errors in special quantum states used to perform certain advanced calculations. Known as magic states, they provide resources needed for operations that ordinary quantum error-correction methods cannot perform on their own.
Creating these states has been one of the expensive parts of quantum computing. According to Google’s researchers, some estimates suggest that producing sufficiently reliable magic states could consume as much as 95% of a quantum computer’s capacity.
The new method begins with a quantum state that contains errors and subjects it to repeated checks. Attempts that fail the tests are discarded, leaving the successful ones with substantially lower error rates.
Using the Willow processor, Google demonstrated that the cultivation process reduced errors by approximately 40 times compared with states created without the method. Its researchers reported a record logical fidelity of 99.99% for the resulting T-states, which are used in important quantum computing operations.
Research scientists Emma Rosenfeld and Craig Gidney described the result as the first experimental demonstration of an efficient method for producing these resources on real quantum hardware.
The team developed the approach from theoretical work conducted in 2024 by Gidney, Noah Shutty, and Cody Jones. Turning the proposal into a working experiment required changes to both the hardware controls and the techniques used to measure errors.
During testing, researchers discovered that electrical drift and temperature variations were interfering with their measurements. They introduced new controls and developed a benchmarking method that allowed the cultivation process to help verify its own accuracy.
Google subsequently demonstrated that purified states could transfer between two quantum error-correction methods, known as color codes and surface codes. The experiment successfully moved a state from a distance-3 color code into a distance-5 surface code.
The company cautioned that the technique still needs testing at larger scales before it can support practical quantum computers.
What Google’s quantum advance means for Bitcoin security Bitcoin uses public-key cryptography to authorize transactions and prove that funds are being spent by their rightful owners. Private keys remain secret, while public keys can be used to verify digital signatures.
A sufficiently powerful quantum computer running Shor’s algorithm could theoretically calculate a private key from an exposed public key. Such an attack would threaten funds protected by existing elliptic curve signature systems.
In March 2026, Google researchers estimated that future machines could break 256-bit elliptic curve cryptography using fewer than 500,000 physical qubits. The research involved hardware assumptions and calculations that have not been demonstrated on a machine capable of attacking Bitcoin.
The estimate represented approximately a 20-fold reduction from earlier resource calculations. Google’s researchers developed optimized quantum circuits intended to perform the mathematical operations required to recover private keys from public keys.
However, the work still requires millions of quantum operations and reliable error correction. Magic states are needed to support some of those operations, making Google’s latest experiment relevant to the technical requirements identified in its earlier research.
The Willow processor contains 105 physical qubits, far below the resources described in Google’s Bitcoin security study. Its latest achievement involved preparing and verifying quantum states, not extracting cryptocurrency private keys.
As previously examined in Google’s accelerated quantum security timeline, the company has urged organizations to prepare for post-quantum cryptography before capable machines become available.
Google has not announced when its cultivation method will work at the scale needed for practical cryptographic attacks. The company acknowledged that technical challenges remain in expanding the experiment to larger systems.
Glassnode identifies 6.04 million BTC with exposed public keys The potential threat to Bitcoin depends partly on whether an attacker’s target has a publicly visible cryptographic key.
Blockchain analytics firm Glassnode estimated in May that approximately 6.04 million BTC, equivalent to 30.2% of the mined supply at the time, had public-key exposure while sitting in unspent transaction outputs.
The research separated exposed holdings into two categories. Approximately 1.92 million BTC were classified as structurally exposed because their address formats revealed public keys by design.
Another 4.12 million BTC were considered operationally exposed through practices such as address reuse and partial spending. In certain transaction structures, spending Bitcoin reveals a public key that was previously hidden behind a cryptographic hash.
The figures measure exposure under Glassnode’s methodology, not coins that quantum computers can currently steal. They do not establish that all 6.04 million BTC would be accessible to an attacker under identical conditions.
The findings were covered in an earlier report on quantum computing risks to blockchain security, which examined European regulatory concerns and the concentration of Bitcoin in potentially vulnerable addresses.
Another challenge involves coins whose owners may no longer possess the private keys needed to move them. Researchers have estimated that millions of BTC could remain in old wallets because their owners lost access, abandoned the accounts, or have not moved the holdings for years.
A June study by Quantus estimated that approximately 2.3 million BTC could be difficult or impossible to migrate using ordinary wallet procedures.
The research, previously examined in warnings about lost Bitcoin and future quantum attacks, described potential risks involving dormant wallets and early Bitcoin holdings.
Those figures remain estimates. Public blockchain data cannot conclusively determine whether an inactive wallet’s owner has lost access or simply chosen not to spend the coins.
Coinbase proposes steps to protect Bitcoin from quantum attacks As researchers continue improving quantum hardware, cryptocurrency companies are examining how Bitcoin could transition to signature systems designed to resist quantum attacks.
On October 13, Coinbase published recommendations addressing Bitcoin’s long-term security, including the treatment of exposed coins, new wallet formats, and the practical challenges of replacing existing cryptographic signatures.
The exchange argued that protecting Bitcoin requires more than selecting a quantum-resistant algorithm. A successful transition would need to consider transaction fees, limited block space, wallet compatibility, custody systems, and the ability of independent nodes to verify transactions.
Coinbase described several possible approaches to coins that cannot move before a future security upgrade. Options included restrictions on spending from vulnerable addresses and recovery mechanisms that could allow legitimate owners to reclaim affected holdings.
The exchange did not present those possibilities as agreed Bitcoin policy. Decisions involving dormant coins and potential restrictions would require discussion and acceptance within Bitcoin’s decentralized development community.
For active wallets, Coinbase supported allowing users to adopt quantum-resistant options through a staged transition. The proposal would give developers and custodians time to test new signature systems before existing protections become vulnerable.
Some Bitcoin developers have already proposed changes through Bitcoin Improvement Proposals, including BIP-360, which introduces a proposed output type intended to reduce public-key exposure in certain circumstances.
Researchers have warned that migrating large numbers of Bitcoin transactions could require several years, depending on the selected signature system, network capacity, and the number of users moving their funds.
A separate June study projected that a migration beginning in 2026 might finish between 2029 and 2031 under its assumptions. The calculation remains conditional, and Bitcoin has not approved a network-wide deadline for switching to post-quantum signatures.
Google’s latest research provides a new experimental result for quantum hardware development, while Coinbase’s October recommendations remain open for discussion among Bitcoin developers, researchers, custodians, and other network participants.
Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro highs.
Key points:
Bitcoin (BTC) may continue to new all-time highs if it successfully breaks through its 20-month moving average at $87,165, CryptoQuant reported.The market cycle signals metric showed BTC/USD poised to reclaim this “inflection frontier,” which it lost in December 2025. CryptoQuant’s bull-bear market cycle indicator continued to show Bitcoin as being in a bull market.
Analysis: Bitcoin “reset” complete as key trend line reappearsData from onchain analytics platform CryptoQuant reveals that BTC/USD has begun a fresh battle with its 20-month simple moving average (SMA).
The 20-month SMA, at $87,165 as of Oct. 16, is the trend line around which the popular Bollinger Bands metric is constructed. This in turn forms the basis for CryptoQuant’s market cycle signals tool, which seeks to pinpoint Bitcoin’s position within its market cycle.
Bollinger Bands uses standard deviation to add an upper and lower band around the 20-month SMA. Currently, these sit at $121,640 and $52,694, respectively. CryptoQuant’s indicator describes the zone between the lower band and SMA as an “accumulation base,” while the SMA itself is referred to as an “inflection frontier,” a previous point of investor capitulation as price broke below it from above, most recently in December 2025.
BTC/USD one-month chart with Bollinger Bands. Source: Cointelegraph/TradingView
With Bitcoin now preparing to challenge the capitulation zone from below, history shows that successful breakouts have led to new cycle highs.
“Just over a year after the all-time high (ATH) of $124,709 on October 6, 2025, the market has concluded its ‘reset,’” CryptoQuant contributor GugaOnChain summarized in a blog post.
While Bollinger Bands are not intended to offer buy and sell signals, market cycle signals sees “smart money” taking profit once BTC/USD reaches its upper band. While this currently sits just below Bitcoin’s most recent all-time high of $126,200 from October 2025, CryptoQuant sees the next rally continuing beyond that level.
“While retail fears the current $82,442, thinking it’s the ‘top,’ the on-chain indicator BTC: Market Cycle Signals reveals that we are just warming up,” GugaOnChain added, referring to a current BTC price support zone.
The 20-month SMA has confluence with Bitcoin’s 2026 opening level at $87,490, boosting its strength as resistance. As Cointelegraph reported, large walls of ask liquidity remain in the vicinity across exchange order books.
Onchain data shows entrenching Bitcoin bull marketCryptoQuant maintains a broadly optimistic stance on Bitcoin’s emerging bull market despite crypto and risk assets navigating macroeconomic headwinds.
This week, contributor XWIN Research Japan flagged data from three onchain metrics that they said gave reason for “cautious optimism” for bullish momentum to return through the end of October.
In late August, CEO Ki Young Ju officially stated that the bear market was “over” based on readings from the bull-bear market cycle indicator. This uses composite data from several onchain profitability metrics, and shows bullish momentum accelerating with a reading of 0.186 on its scale versus 0.042 in August.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
France-based Capital B, one of Europe’s leading Bitcoin treasury companies, reported a net loss of €69.5 million ($78 million) for the first half of 2026, mainly due to a $75.8 million impairment charge on its Bitcoin holdings.
Impairment charges and revenue performanceThe impairment charge reflected Bitcoin prices as of June 30 and did not result in an immediate cash outflow. Despite the accounting-driven loss, Capital B recorded a 3.5% year-on-year rise in consolidated revenue, reaching $6.5 million for the reporting period.
However, the company’s adjusted EBITDA stood at negative $1.2 million, signaling that operational earnings before non-cash items and financing costs remain in deficit. The adjusted EBITDA metric is often used by companies to demonstrate underlying profitability excluding the impact of non-cash accounting charges and financing structure.
Capital B continued to pursue its Bitcoin accumulation strategy, raising additional capital throughout the first half of the year. The company secured $30 million in new capital, supporting further expansion of its treasury assets.
Bitcoin holdings and treasury rankingCapital B increased its Bitcoin holdings by 11% during the first six months of the year, rising from 2,823 BTC in January to 3,139 BTC by the end of June. By September 30, the total held in treasury climbed to 3,538 BTC, marking a 25% rise from the start of the year.
At current valuations, Capital B’s Bitcoin treasury is worth approximately $290 million. The company now ranks as the 25th-largest corporate holder of Bitcoin globally and the second-largest in Europe, behind the Germany-based Bitcoin Group, according to data compiled by Bitcointreasuries.
Mini dictionary: Bitcointreasuries, an online platform that tracks and ranks public and private companies around the world by the size of their Bitcoin holdings.
CompanyRegionBTC Holdings (Sept 30, 2026)Estimated ValueGlobal RankingCapital BFrance3,538 BTC$290 million25thBitcoin GroupGermany(Higher than 3,538 BTC)(Higher than $290 million)(Above 25th)Stock performance and strategic initiativesCapital B’s stock rose 0.5% in early morning trading on Friday, but remains down 25% since the start of the year, according to Yahoo Finance data.
In July, the firm approved a 10-for-1 reverse stock split, intended to attract more institutional investors by increasing the share price per unit. Earlier, in June, shareholders authorized up to $120 billion in funding capacity through a mix of equity and credit instruments to further support the company’s Bitcoin accumulation strategy.
Capital B continues to expand its Bitcoin treasury, raising significant funds to maintain growth in holdings, despite reporting a sizable accounting loss linked to Bitcoin price fluctuations through impairment charges.
An alleged scammer is among the main victims of recent thefts affecting Ledger wallets. Chainalysis reveals on October 15 that an operator suspected of organizing a scam involving fake paid tasks lost over 60 bitcoins, approximately 4.8 million dollars. The funds had been distributed across three addresses before being stolen on October 9. The case takes an unexpected turn: the stolen bitcoins are themselves reportedly from a scam.
In brief
An alleged scammer loses more than 60 bitcoins, valued at 4.8 million dollars.
The funds originated from a scam involving fake paid tasks, according to Chainalysis.
Three Bitcoin addresses were emptied on October 9 for the benefit of a single wallet.
An alleged scammer loses 60 bitcoins in the Ledger case
Chainalysis has just identified an unexpected victim of the thefts that occurred on October 9. The blockchain analysis company states that an operator suspected of scamming lost more than 60 BTC in this attack. The case occurs as Ledger confirmed the presence of a spy device in certain wallets, especially among devices distributed in Southeast Asia.
The bitcoin movements traced by Chainalysis date back to September 22. On that day, the operator suspected of scamming reportedly transferred his funds to three distinct Bitcoin addresses, associated with Ledger wallets. The device was probably intended to keep the assets away from exchanges. The funds remained on these addresses for a little over two weeks.
On October 9, the funds disappeared. Three transactions were enough to empty the three addresses and transfer the bitcoins to the same wallet, already linked to other thefts. In total, more than 60 BTC changed hands, for an estimated value of 4.8 million dollars according to Chainalysis.
The identity of the operator was not made public. No information is available that confirms he was prosecuted. However, the analysis company believes the bitcoins held on these addresses came from fraudulent activity.
The bitcoins originated from a fake job scam
The origin of the funds makes this case particular. Chainalysis links the bitcoins to a scam called task scam, or fake paid tasks scam. The principle is to offer simple tasks to internet users. Participants must notably post fake reviews on products or simulate purchases to artificially boost their commercial reputation.
At first, the promised payments seem accessible. Victims may even receive small payments to convince them to continue. Then the operation changes. The platform suddenly shows a negative balance. To recover their earnings or finish their tasks, participants must deposit their own money.
Some make multiple deposits hoping to unlock their payment. The promised earnings are never paid. This mechanism is well documented by the U.S. Federal Trade Commission. In an alert published in August 2025, the authority explained that fraudsters often demanded crypto deposits to unlock fictitious commissions.
The operator identified by Chainalysis would have used this type of device to accumulate funds then converted or kept in bitcoins. The 60 BTC do not necessarily correspond to his own savings. They would represent part of the proceeds of the scam. Their theft by another criminal group does not mean that the people initially scammed recovered their money. No reimbursement has been confirmed.
Ledger faces the consequences of the attack
The theft of 60 bitcoins is part of a much larger case. Since October 9, several Ledger wallet users have reported the disappearance of their assets. Investigations revealed that some devices had been physically modified before delivery.
Hidden electronic components made it possible to recover users’ recovery phrases during setup. The information could then be transmitted remotely via a mobile connection.
The manufacturer asserts that its servers, operating system, and secure chips were not compromised. The attack concerned the distribution of some authentic devices, modified after they left the channels controlled by Ledger. In response to these discoveries, Trezor also announced a tightening of its reseller network, with changes scheduled from January 2027.
For its part, Ledger asked its distributors to reinforce stock controls and to no longer resell returned devices.
The company is also cooperating with authorities to track the stolen funds. The total losses remain difficult to establish. Several independent estimates mention tens of millions of dollars, some exceeding 90 million. However, Ledger has not confirmed a definitive amount.
As early as October 10, Changpeng Zhao warned about risks related to physical manipulation of Ledger wallets. The identification of the alleged scam operator now provides additional information about the victims. The Bitcoin blockchain allows tracking of transfers made between addresses. However, it alone is not sufficient to establish the identity of people involved or to restore the funds. For the initial victims of the fake paid tasks scam, the 4.8 million dollars therefore remain out of reach.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
4 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
4 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
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Data: Papertrade’s loss mining period lasted less than 6 days, with the top three addresses by trading volume each exceeding $10 billion.
According to EmberCN’s monitoring, since the Papertrade platform on the Hyperliquid chain launched loss mining on the 10th, the three addresses with the highest trading volumes have all surpassed $10 billion each in less than six days. The top address posted a trading volume of $11.6 billion, with trading losses of $780,000, earning 46 million PAPER tokens at an acquisition cost of $0.017 per token. The second address recorded $10.3 billion in trading volume, $930,000 in trading losses, and received 85 million PAPER tokens at an acquisition cost of $0.011 per token. The third address saw $10.1 billion in trading volume, $980,000 in trading losses, and obtained 252 million PAPER tokens at an acquisition cost of $0.0039 per token. The acquisition cost excludes PAPER token dividends; factoring in dividends would lower the cost further, with the third address potentially even holding a negative cost.
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Bonk Guy's Portfolio Surges $1M+ in 24H, Maintains #FOMO Leaderboard Lead
As the market rebounds, Bonk Guy(@theunipcs)'s portfolio has grown by $1M+ in the past 24 hours.
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Hong Kong Exchanges and Clearing (HKEX) aims to transition to T+1 settlement in the second half of 2028.
Hong Kong Exchanges and Clearing (HKEX) has published a consultation summary document on shortening the settlement cycle of Hong Kong’s spot stock market, which shows widespread market support for implementing a T+1 settlement cycle in Hong Kong’s securities market. Based on feedback from various stakeholders, HKEX plans to complete the relevant transition in the second half of 2028, provided the market is ready and regulatory approval is obtained. The consultation received a total of 109 non-duplicate responses from market stakeholders including brokers, custodians, investment managers, industry associations, technology vendors, and investors. Respondents supported Hong Kong’s adoption of a T+1 settlement cycle, agreeing that this move will help enhance market efficiency, reduce settlement risks, improve capital efficiency, and consolidate Hong Kong’s competitiveness as an international financial center.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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The United States became a net importer of Bitcoin in 2026 for the first time since 2022, according to a study by Chainalysis. The analysis, which covered the year ending June 2026, pointed to a growing divide between institutional inflows and retail investor activity as the main force behind this shift.
Surge in Large Transfers Boosts Bitcoin InflowsChainalysis noted that transactions above $10 million brought a net inflow of 53,200 BTC, valued at approximately $4.3 billion, into the country. In contrast, transfers under $10,000 consistently showed net outflows during each measured period, indicating that retail investors were moving Bitcoin out while institutions were bringing more in.
The report did not specify which institutions were responsible for these flows or the exact destinations of retail outflows. However, it highlighted that high-value transactions overwhelmingly contributed to net imports.
Instead of reflecting physical movement, Chainalysis uses a set of geoactivity indicators—including crypto service usage, exchange activity, and cross-border receipt data—to estimate the location of Bitcoin assets. These metrics help clarify asset movement even though Bitcoin transactions are borderless.
Large-value activity played an increasingly significant role in shaping the United States’ Bitcoin movement throughout the period in question, Chainalysis found, demonstrating a shift driven primarily by institutions rather than retail investors.
This distinction underscores that not every American institution necessarily accumulated Bitcoin. International transfers, global exchange activity, and payments all factored into the recorded geographic flows.
ETF Flows and Institutional ImpactThe launch of spot Bitcoin exchange-traded funds (ETFs) in the United States in January 2024 marked a major development for the asset’s local availability. Chainalysis reported that U.S. participation in global Bitcoin transactions has increased every quarter since then. However, ETFs themselves were not the primary driver of 2026’s net inflows, as spot Bitcoin ETFs saw about $5.39 billion in net outflows in the first half of that year before recovering in subsequent months.
The report suggested that other institutional channels, beyond ETFs, were likely responsible for driving large transfers into the country. The integration of ETFs nonetheless continued to link traditional finance with the crypto market, increasing Bitcoin’s reach among a broader range of investors.
Chainalysis also referenced the role of the federal Strategic Bitcoin Reserve as an implicit indicator of possible sovereign demand but found no direct evidence of government acquisitions.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
Stablecoin Flows and Dollar DominanceWhile the United States saw net Bitcoin inflows, dollar-pegged stablecoins primarily serviced international users for payments, savings, and cross-border commerce. According to Chainalysis, the difference in flows is largely attributed to banking accessibility, as overseas users rely on stablecoins to hold dollar value in areas with limited banking access, while U.S. residents have direct alternatives.
Dollar-backed stablecoins maintain international demand through reserves made up of U.S. Treasury bonds and other regulated investments. The Federal Reserve noted that stablecoin issuers’ Treasury holdings surpassed $200 billion over the past five years, helping offset China’s declining holdings.
Chainalysis reported that 99.1% of stablecoins traded on order books were dollar-pegged tokens, compared to just 0.45% for euro-pegged tokens, underscoring the dominance of the dollar in digital assets despite regulatory discussions about alternatives.
For U.S. companies, this ongoing demand opens up new opportunities in payment solutions and finance infrastructure.
Crypto Economy Trends and TokenizationThe total crypto economy in the United States reached $2.78 trillion over the reporting period, representing a 2.2% decline from the previous quarter. Despite this drop, the country remained the world’s largest crypto market among those reviewed.
Tokenized real-world assets featured prominently in the trend. Chainalysis estimated that such assets amounted to $36.07 billion in the second quarter of 2026, with tokenized U.S. Treasury debt accounting for $15.42 billion, or about 43% of the total.
The direction of Bitcoin flows is important for institutions, individual investors, payment firms, and government policymakers. Shifts in ETF activity, large-scale transactions, stablecoin-related regulations, and tokenized asset adoption are set to remain influential factors in shaping the United States’ evolving crypto market.
Bitcoin and XRP rebounded and held upside momentum on Friday as Fed Chair Kevin Warsh declined to offer clues on whether the FOMC would hike rates again later this month. Stock and crypto markets plunged after hotter US CPI and PPI inflation data reinforced concerns of Fed rate hikes.
Fed Chair Kevin Warsh Speech: Key Highlights Kevin Warsh joined IMF Managing Director Kristalina Georgieva for a discussion during the IMF-World Bank Annual Meetings. He reiterated the Fed’s commitment to price stability after the central bank’s first rate hike this year in September to 3.75-4% amid sticky inflation, elevated oil prices, and strong investment demand.
Fed chair refused to preview the October 27–28 FOMC meeting. “I don’t prejudge meetings. I don’t believe in saying now what I might do at the meetings we have in the balance of this year,” Warsh said. This continues his preference for data-dependent monetary policy decisions over forward guidance.
However, he noted that most central banks have tightened monetary policy to combat inflation, describing it as a shared fight with no free riders. He also discussed resilience in the US and other economies amid geopolitical conflicts and elevated energy prices. Notably, US retail sales data came in higher than expectations for two consecutive months.
In addition, Kevin Warsh defended September’s rate hike as necessary and called AI “probably the most consequential change to the US and the global economy in my lifetime.” He warned the near-term path will be “very bumpy.” Currently, AI-related investment is boosting demand, with the U.S. benefiting from a broader investment surge beyond AI.
He highlighted that structural growth and investment tailwinds are giving the U.S. economy strength. However, investors remain cautious amid market volatility after hot US CPI and PPI inflation data.
Bitcoin and XRP Prices Rebound Asia stock markets, US stock futures, and crypto prices edged higher on Friday as investors anticipate a Fed rate pause in October. CME FedWatch Tool shows a decline in 25 bps Fed rate hike odds from 33% to 15% in just a few hours. However, concerns about a December Fed rate hike remain.
Meanwhile, 10-year Treasury yields were largely stable near 5.08% after Fed Chair Kevin Warsh remarks. The U.S. dollar index (DXY) dropped to 101.83. Oil prices dipped to almost $97 per barrel as the IEA plans to fast-track its remaining emergency oil stock release and Russian diesel supply. Meanwhile, Iran strikes tankers in the Strait of Hormuz.
Bitcoin has jumped more than 2% over the past 24 hours, currently trading near $82,300. Price rebounded from $79,805 to hit a 24-hour high of $82,508 amid buy-the-dip sentiment. It now holds above the key 50-day moving average level.
XRP price jumped strongly and holds near $1.35, after a drop to $1.28 over the past 24 hours. As CoinGape reported, a popular analyst predicted a fall towards $1.25 before buying pressure to reclaim $1.42 and $1.60 amid strong upside momentum.
The Pi Network price traded at $0.0805 on Friday, October 16, gaining 4.58% over 24 hours.
The rebound came ahead of today’s scheduled Protocol v28 Mainnet upgrade.
The broader cryptocurrency market rose 1.61% to $2.76 trillion, leaving PI ahead of the overall recovery.
Bitcoin price traded near $82,106, Ethereum hovered around $2,435, and XRP stood at approximately $1.33.
Protocol v28 Mainnet Upgrade Scheduled Today
After the successful implementation of Protocol 27 on the Mainnet, Pi Testnet has already embarked on the journey to Protocol 28. As of October 13, node operators needed to upgrade their software ahead of the Mainnet transition on October 16.
The update enhances the network’s ability to deal with delayed data from transactions. It also enables developers to upgrade groups of smart contracts together. Another enhancement enables safe modification of application data that is stored.
Following the successful completion of the Protocol 27 upgrade on Pi Mainnet, Pi Testnet has upgraded to Protocol 28.
Protocol 28 improves how the network handles delays in transaction data and enables developers to upgrade groups of smart contracts at once and change stored data more safely as their applications develop.
All Node operators must upgrade their nodes to Protocol 28 by October 13, 2026, in preparation for the Mainnet Protocol 28 network upgrade on October 16, 2026.
— Pi Network (@PiCoreTeam) September 25, 2026
Together, these changes could simplify application maintenance and reduce operational difficulties for developers.
However, the scheduled activation date should be distinguished from confirmation that the network has completed its transition. Traders will also watch whether early gains survive profit-taking once the scheduled upgrade attracts wider attention.
First Pi Ecosystem Summit Announced for November 17–19
The Pi Core Team has announced its first Pi Ecosystem Summit, a three-day online event running November 17–19. The program includes new platform features, developer demonstrations, and application showcases from community builders and partnering companies.
An all-new hackathon will also be introduced, with additional details expected during the event.
The First-ever Pi Ecosystem Summit has been announced by @PiCoreTeam.
November 17-19. 3 days. Online.
– New platform and features releases
– Developer demos
– App showcases from community and partnering companies
-All-new hackathon, and more.
I like. Maybe we’re about to see the reason behind the protocol-upgrades sprint.
— Woody Lightyear 𝛑 (@WoodyLightyearx) October 16, 2026
The summit could help explain how developers intend to use capabilities introduced through the recent protocol upgrades. The team has not confirmed a connection between the summit and its protocol upgrade schedule. For PI holders, the stronger signal would be applications attracting users and generating sustained network activity.
Pi Network Price Prediction: Will PI Coin Reach $0.10?
The Relative Strength Index stands at 40.43, below the neutral midpoint of 50. The MACD indicator with 12 and 26 period settings rounds to zero and has a neutral classification.
In a bullish scenario, $0.0850 is an initial recovery target, followed by the $0.0890–$0.0900 area.
A sustained breakout above this resistance zone could bring the psychological $0.10 level into view, per the future Pi Coin outlook.
Source: TradingView
On the downside, $0.0800 is the immediate pivot, followed by $0.0780 and $0.0750. The $0.0750 level marks Thursday’s low and offers support. Losing that floor could expose the broader $0.0700–$0.0705 area.
In brief Hardware wallets are physical devices that keep crypto private keys offline, signing transactions internally so the keys never touch an internet-connected device. They are not hack-proof: a Coldcard firmware bug and tampered Ledger devices sold through a reseller both led to major losses in 2026. Wallet manufacturers are looking to future-proof their devices for a future of agentic finance and quantum computing. There's an old saying in crypto: "not your keys, not your coins." When you leave Bitcoin, Ethereum or any other cryptocurrency on an exchange, the exchange holds the private keys that control those funds. If it gets hacked, goes bust or freezes withdrawals, you may have no way to get them back.
The obvious fix is to hold your own keys, which is called self-custody. That brings its own problem, though. A private key stored in a software wallet on an internet-connected phone or laptop can be stolen by malware, phishing sites and remote attackers.
Hardware wallets were built to solve this. They're small physical devices that keep your private keys offline, so you can sign crypto transactions without your keys ever touching a device connected to the internet. In this guide we'll explain what hardware wallets are, how they work, who makes them, and where the technology is heading after an eventful 2026.
What is a hardware wallet?A hardware wallet is a dedicated physical device, usually about the size of a USB stick or credit card, that generates and stores the private keys for your crypto. It's a form of "cold storage," because the keys stay offline. A "hot wallet" like a browser extension or mobile app is the opposite.
One common misconception is that your coins live on the device. They don't. Your crypto always lives on the blockchain. The hardware wallet holds the keys that prove you own it and let you move it.
The category dates back more than a decade. Trezor, made by Czech firm SatoshiLabs, calls itself the inventor of the hardware wallet in 2013. France-based Ledger was founded in 2014 and has since reported sales of more than eight million devices.
Did you know?When you set up a hardware wallet, it gives you a "seed phrase" of 12 to 24 words. Anyone who has those words can recreate your wallet and take your funds, so never photograph them, type them into a website, or save them to cloud storage.
How does a hardware wallet work?When you first switch on a hardware wallet, it uses a random number generator to create your private keys. A seed phrase backs them up, and a PIN code protects the device.
When you want to send crypto, you build the transaction in companion software on your computer or phone, such as Ledger Wallet (formerly Ledger Live), Trezor Suite or Sparrow. The software sends the unsigned transaction to the hardware wallet. You check the details on the device's own screen and confirm with a physical button or touchscreen. The device then signs the transaction inside its own hardware and sends back only the signature. The private key never leaves the device.
Devices connect in different ways, and each comes with security trade-offs:
USB: the classic wired connection. Bluetooth and NFC: wireless options for mobile users. QR codes or microSD cards: "air-gapped" devices that never connect to another device directly. Many devices also use a secure element, a tamper-resistant chip like the ones in passports and bank cards, to guard keys against physical attacks.
Did you know?"Clear signing" means a wallet shows transaction details in plain language rather than raw code, so you know what you're approving. That matters because scammers often trick people into signing malicious smart contract approvals.
What's so special about hardware wallets?Their main advantage is isolation. Even if your laptop is full of malware, an attacker can't take your keys out of a well-designed hardware wallet or approve a transaction without you physically confirming it.
Hardware wallets have improved over the years, evolving from miniscule screens and clunky interfaces to modern devices that incorporate Bluetooth, NFC and even touchscreens and cameras.
Hardware wallets are also starting to do more than just crypto storage. Ledger added stablecoin yield through Kiln in April 2025, Tangem followed with Aave later that year, and Trezor launched native stablecoin yield through Morpho vaults in May 2026.
Who makes hardware wallets? 🔐 Ledger combines its secure element chips and Donjon white hat hacking team with slick hardware design. 🛡️ Trezor is the open-source pioneer behind the Safe 3, Safe 5 and Safe 7. 📷 Keystone makes air-gapped wallets that sign transactions by QR code. 💳 Tangem makes NFC cards that tap against your phone and can skip seed phrases entirely. 🔑 Bitkey from Jack Dorsey's Block uses a multisig setup for added security. Are hardware wallets hack-proof?Like any device, hardware wallets can be compromised—something that became painfully apparent in July 2026, when attackers took advantage of a five-year-old Coldcard firmware bug that had weakened the randomness used to create seeds.
According to TRM Labs, the exploit drained about 1,816 BTC, worth around $116 million, from more than 5,200 addresses. Updating the firmware doesn't fix seeds that were already created, so affected users have to move their funds to a new wallet.
Hardware wallets are also vulnerable to physical hacks. In October 2026, Ledger revealed that an unauthorized chip implanted in devices sold by Southeast Asian reseller CryptoBilis was able to read seed phrases as they were entered during setup and transmit them to an attacker. The investigation followed reports that some $86 million had been drained from Ledger wallet users.
Although the firm’s own Secure Element hardware had not been compromised, its reseller network created a centralized point of vulnerability that attackers were able to exploit by tampering with the device to add their own hidden chip.
Ledger subsequently halted distribution via resellers in seven Asian markets, while a European reseller, MediaMarkt, also stopped sales following reports of unauthorized implants. Rival manufacturer Trezor also wound up its reseller program as a “precautionary measure.”
Another point of vulnerability is third-party vendors and shipping partners, with several hacks and exploits exposing customer data including addresses. While no funds were lost in those cases, leaked customer details feed phishing scams and even physical "wrench attacks," where criminals threaten crypto holders in person.
For most people, phishing and a poorly stored seed phrase are much bigger risks than someone hacking the device itself.
Where to buy a hardware walletAlways buy hardware wallets straight from the manufacturer's official website, and avoid second-hand devices and unofficial marketplace listings. As the CryptoBilis incident demonstrates, even authorized resellers represent a point of vulnerability that attackers can exploit, and it’s likely that manufacturers will rethink their reseller programs in its aftermath.
The future of hardware walletsHardware wallets are turning into full self-custody platforms, and broadening their scope beyond crypto transactions. Ledger’s latest device, the Android-powered Atom, launched in October 2026, is designed around messaging, apps and agentic finance. The firm has even stopped billing its devices as “hardware wallets,” preferring instead to refer to them as “signers” to reflect their widening array of use cases.
Hardware makers are also positioning themselves for AI agents. In June 2026, Ledger released Agent Stack, an open-source toolkit that lets AI agents check balances and draft transactions, but not move funds until a human signs off on a Ledger device. The same toolkit extends those hardware-enforced controls to institutional treasury teams through Ledger Enterprise, with policy enforcement anchored in hardware security modules.
Quantum computing is another future focus for manufacturers, since it could eventually break the cryptography that secures crypto wallets today. Trezor's Safe 7, launched in late 2025, uses a post-quantum signature scheme to verify its bootloader and is built to receive quantum-resistant updates without users having to move their keys to a new device. The concern has sharpened since Ethereum co-founder Vitalik Buterin and Ethereum Foundation researcher Justin Drake warned in October 2026 that AI could break crypto encryption before quantum computers do.
The business has hit some bumps. Ledger had been weighing a U.S. IPO at a valuation of about $4 billion, but put it on hold in May 2026 because of weak market conditions. Meanwhile, the Coldcard and CryptoBilis incidents, and customer data leaks, have been a wake-up call for users, highlighting that a hardware wallet is not the be-all and end-all of crypto security, and should form part of a suite of self-custody tools and practices.
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16 October 2026 | 12:21 Thailand’s crypto-ETF rules took effect on October 16, allowing local issuers to establish Bitcoin and Ethereum funds under new requirements for fund management, custody and Stock Exchange of Thailand trading.
Key Takeaways Bitcoin and Ethereum are the first assets eligible for Thai crypto ETFs. Funds must use a passive strategy and maintain at least 80% average net exposure. Underlying crypto must be held by an SEC-regulated custodian. Brokers cannot offer margin loans for crypto-ETF purchases. The rules do not announce a fund, ticker or first trading date. Before investors can buy a Thai crypto ETF, an issuer must still publish its prospectus, appoint service providers and complete the listing process.
Thailand’s full crypto-ETF rule package is now in force The Thai Securities and Exchange Commission’s October 8 announcement set out 11 notifications governing the creation and supervision of domestic crypto ETFs. The package covers fund structures, service providers, investor protections and the ability of Thai funds to invest in locally listed crypto ETFs.
It follows the earlier policy move that cleared the way for locally listed Bitcoin and Ether ETFs. The rules now define the route a fund manager must follow, but they do not establish that any issuer has completed it.
What a Thai Bitcoin or Ethereum ETF must look like During the initial phase, Bitcoin and Ethereum are the only eligible crypto assets. The SEC said it will determine any future additions by considering factors including liquidity, broad market acceptance, network security and investor protection.
Fund-design rule: Each crypto ETF must passively track a single eligible crypto asset and maintain average net exposure of at least 80% of its net asset value over each accounting year.
Crypto ETFs must list and trade exclusively on the Stock Exchange of Thailand (SET). Thai mutual funds and private funds may also invest in locally listed crypto ETFs, subject to their existing investment limits. Permission to invest does not require any fund manager to allocate capital.
The SEC has also limited certain foreign alternatives during the initial phase. Thailand will not permit locally issued depositary receipts referencing foreign crypto ETFs, while securities companies may not facilitate foreign crypto-ETF investments for clients who are neither institutional investors nor ultra-high-net-worth investors.
Who manages, safeguards and distributes a future fund? Investors in an ETF hold fund units rather than the underlying Bitcoin or Ethereum themselves. The framework therefore places obligations on the parties responsible for managing the fund, safeguarding its assets and providing trading access.
Participant Role in a crypto ETF Asset manager Establishes and manages the fund, with adequate staff, systems and service-provider arrangements. Digital-asset custodian Safeguards the underlying Bitcoin or Ethereum and must be regulated by the SEC. Mutual fund supervisor Oversees the fund under registration and readiness requirements specific to crypto ETFs. Securities broker Provides SET trading access and must obtain investors’ acknowledgement of product risks. Qualified digital-asset operators may apply to act as mutual fund supervisors, but eligibility to apply is not the same as being registered or appointed to a specific ETF. If a supervisor delegates safekeeping to a sub-custodian, the crypto assets must still be held by a licensed digital-asset custodian.
The SEC may allow qualified foreign custodians in future circumstances, but its October 16 rules do not provide unrestricted permission to use them. Asset managers that outsource digital-asset investment management must use a licensed digital-asset fund manager.
Investor access comes with risk checks and no margin loans Before trading a crypto ETF, investors must receive product-risk education and acknowledge their understanding of the risks. Brokers must also emphasise suitable allocation, concentrated digital-asset exposure and investment decisions that match an investor’s risk tolerance.
Securities companies cannot provide margin loans for crypto-ETF purchases. The restriction is designed to prevent broker-provided leverage from increasing an investor’s exposure to an already volatile asset class.
What must happen before investors can buy one Thailand’s rules enable an ETF launch process; they do not replace it. A prospective issuer must still complete SET’s ETF issuance and listing process and publish product-specific documents.
The first prospectuses and listing notices should identify the fund’s investment method, fee structure, custodian, fund supervisor, market-making arrangements, ETF symbol and trading date. SET’s broader ETF framework also covers disclosures around asset values, tracking information and the participants supporting trading liquidity.
October 16 establishes the legal route to a Thai Bitcoin or Ethereum ETF. A named issuer, published terms and confirmed SET listing will show when investors can actually trade one.
This article is provided for informational purposes only and does not constitute financial, investment or legal advice. Product availability depends on applicable approvals, offering terms and exchange listings.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Bitcoin is once again testing the $80,000 mark after slipping nearly 1.8% in daily trading, with the price dipping to a low of exactly $80,000 before a modest rebound. The world’s largest cryptocurrency currently hovers near $80,100 as market participants monitor whether it can sustain recent gains following a spring and summer rally.
Bitcoin at crossroads as trend softensAfter surging from about $63,000 in August to almost $87,500 in late September, Bitcoin failed to establish a new high in early October. Since then, it has given back around 8% from its recent peak, and the chart now shows a clear sequence of lower highs, reflecting increased activity from sellers.
The 50-day moving average, located near $80,300, has been pivotal for the uptrend since August. Bitcoin is currently testing this level, having already dropped below shorter moving averages at approximately $81,200 and $82,400. Market analysts suggest that a daily close below the 50-day line would be an initial sign that upward momentum is fading.
Bitcoin now sits at a crossroads: “If sellers push the price below $80,000 with rising volume, the next potential support is between $77,000 and $78,000, where previous rebounds occurred and both the 100-day ($76,600) and 200-day ($75,600) moving averages converge.”
Despite recent declines, volumes remain low, indicating measured selling rather than panic. Experts point out that a meaningful recovery will require a visible uptick in buy-side volume.
On the upside, if Bitcoin holds $80,000 and reclaims levels above $82,400, market participants could view the current retreat as a routine pullback within a wider bullish trend. Surpassing $84,000 may pave the way for another approach toward the $87,500 high. Conversely, a sharp drop below $80,000 could bring $77,000 into play within days.
LevelSupport/ResistanceMoving Average$80,000Key support50-day$77,000–$78,000Next support100-day at $76,600, 200-day at $75,600$82,400Resistance (shorter averages)–$84,000Resistance–$87,500Recent high–BNB and Hyperliquid brace for support testsBNB, the native token of Binance, is trading near $717 after dropping roughly 1.2% in daily activity. The price briefly touched $708.89 before buyers attempted to stabilize it. This comes after an impressive rally from $540 in June to an $810 peak in October—a gain of almost 50%. The coin has since declined by about 11% as momentum shifted in favor of sellers.
The 100-day moving average, resting at $700, now offers crucial support. Just below, the 200-day moving average at $686 provides another safety net. Resistance remains between $733 and $750, in line with the descending shorter-term moving averages.
If BNB buyers manage to hold the $700 mark, a bounce above $735 could confirm ongoing support and trigger a move toward $780 and possibly the $810 high. A fall beneath that level, however, might see BNB dropping toward $686 or even $660 if selling intensifies.
With sellers currently in control, only a push above $735 would show renewed confidence among dip buyers and potentially set up a retest of previous highs.
BNB is the utility token of Binance, the largest cryptocurrency exchange by trading volume globally, used for trading fee discounts, payments, and ecosystem development.
Hyperliquid (HYPE) is also under pressure, with a daily decline of roughly 4% to near $77.80. It has dropped below its 50-day moving average of $83 and now sits just above its 100-day moving average at $77. A failure to hold this support could threaten the gains achieved since August, as the 200-day moving average at $64.50 becomes the next technical floor.
Recent falling volumes on HYPE suggest sellers are not exiting en masse, but buyers remain cautious. Recovery efforts need a price move over $83 and sustained volume increases to reverse the latest slide.
Mini dictionary: Hyperliquid is a decentralized derivatives exchange and its token HYPE is used for governance, protocol incentives, and ecosystem rewards.
Cardano slips as broader market pulls backCardano (ADA) fell approximately 5% to $0.219 after opening at $0.2303 and dipping to $0.2159. Similar to other major altcoins, ADA benefited from a strong rebound over the past few months—rising from $0.14 in June to $0.282 in early October—before correcting about 22% from its high.
The main challenge for Cardano’s buyers is the resistance at the 200-day moving average near $0.241. Recent attempts to break through this barrier ended with sharp drops, reinforcing it as a critical hurdle for upward momentum. Today’s decline brought ADA to its 100-day moving average near $0.220, with the next key support at $0.200.
The current RSI reading near 40 signals soft momentum, but not deeply oversold conditions. Unless buyers step in, a further slide could target the $0.190 region, erasing substantial progress from recent rallies.
Analysts view Cardano’s moves as part of a broader market retreat; Bitcoin’s ongoing struggle to maintain $80,000 has made it tough for ADA and other altcoins to hold support. Bulls need to reclaim $0.230 to restore optimism, while a firm daily close below $0.215 could prompt additional drops.
Bitcoin fiyatı, 80.000 doların altına kısa süreli gerilemesinin ardından hızlı bir toparlanma göstererek yeniden 82.500 dolar seviyesine yaklaştı. Perşembe günü yaklaşık 79.800 dolara kadar düşen BTC, alıcıların devreye girmesiyle iki saat içinde kayıplarının önemli bir bölümünü telafi etti. Asya piyasalarında hisse senetlerinin de yükselişe geçmesi ve Güney Koreli çip üreticilerinin toparlanması, küresel piyasalarda risk iştahının yeniden güçlendiğine işaret etti. Kripto para piyasasında Zcash (ZEC) yüzde 8’e yakın yükselişiyle dikkat çekerken Ethereum, Solana ve XRP gibi önde gelen altcoinlerde de artış görüldü. Yatırımcılar şimdi Bitcoin’in 84.000 dolar direncini aşıp aşamayacağını yakından takip ediyor.
Bitcoin Fiyatı 80.000 Doların Altından Hızla Toparlandı Bitcoin, perşembe günü yaklaşık 79.800 dolara kadar gerileyerek son haftada alıcıların iki kez savunduğu 80.400 dolar seviyesinin altına indi. Ancak bu düşüş uzun sürmedi. Fiyatın 80.000 doların altına sarkmasını alım fırsatı olarak değerlendiren yatırımcıların devreye girmesiyle BTC, yaklaşık iki saat içinde 82.500 dolara kadar yükseldi. Bitcoin, Asya işlemleri boyunca 81.000 doların üzerinde tutunarak kısa vadeli toparlanma eğilimini korudu. Bu hareket, kritik destek seviyelerinin altına yaşanan geçici düşüşlerin ardından alıcıların yeniden güç kazanabildiğini gösterdi.
İlginizi Çekebilir: Solana’da Kritik Eşik: 100 Dolar Desteği Kırılacak mı?
Kripto para piyasasında toparlanma Bitcoin ile sınırlı kalmadı. Zcash (ZEC), yaklaşık yüzde 8 yükselerek büyük kripto varlıklar arasında günün öne çıkan isimlerinden biri oldu. Solana (SOL), Ethereum (ETH), XRP ve TRON (TRX) yaklaşık yüzde 1 değer kazanırken BNB fiyatında belirgin bir değişim görülmedi. Farklı kripto varlıklarda gözlenen bu yükselişler, piyasanın genelinde sınırlı da olsa pozitif bir görünüm oluştuğunu ortaya koydu. Özellikle ZEC fiyatındaki güçlü hareket, yatırımcıların bazı altcoinlere yönelik ilgisinin arttığına işaret etti.
Asya Borsaları ve Çip Üreticileri Yükselişe Geçti Asya hisse senedi piyasalarında da alımlar hız kazanarak küresel piyasalardaki toparlanmayı destekledi. MSCI Asya Pasifik hisse senedi göstergesi yüzde 1,3 yükselirken Güney Kore’nin Kospi endeksi yaklaşık yüzde 3 değer kazandı. Özellikle teknoloji sektöründeki toparlanma dikkat çekerken Samsung Electronics ve SK Hynix hisseleri yüzde 2’nin üzerinde yükseliş kaydetti. Söz konusu yükselişler, bir önceki işlem gününde yaşanan sert kayıpların ardından yatırımcıların yeniden alıma yöneldiğini gösterdi.
Buna karşılık Taiwan Semiconductor Manufacturing (TSMC) hisseleri, yapay zeka sektöründeki harcamaların sürdürülebilirliğine yönelik endişeler nedeniyle diğer teknoloji şirketlerinden ayrışarak geriledi. Yapay zeka yatırımlarının gelecekteki büyüme üzerindeki etkisine ilişkin soru işaretleri, çip üreticilerinin performansında farklılaşmaya yol açtı. Asya piyasalarındaki bu hareketlilik, yatırımcıların hem teknoloji sektöründeki gelişmeleri hem de küresel ekonomik görünümü yakından izlediğini ortaya koydu.
Bitcoin İçin 84.000 Dolar Direnci Neden Önemli? Bitcoin fiyatında kısa sürede yaşanan toparlanma, alıcıların düşük seviyelerde yeniden harekete geçtiğini gösteriyor. Ancak yükselişin kalıcı olup olmadığını anlamak için 84.000 dolar seviyesi yakından izleniyor. Çarşamba günü enflasyon verilerinin ardından görülen yükselişin bu bölgede ivme kaybetmesi, söz konusu seviyeyi önemli bir direnç noktası hâline getiriyor. ABD tahvil getirilerindeki yükseliş ve Federal Reserve Başkanı Kevin Warsh’ın açıklamaları da piyasalarda yakından takip edilecek gelişmeler arasında bulunuyor. Bitcoin’in 84.000 doların üzerine çıkması yükseliş momentumunu güçlendirebilir.
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The US is hoarding Bitcoin (BTC), turning net importer in 2026 for the first time since 2022, while the rest of the world buys dollar stablecoins, Chainalysis data shows.
The 2026 Geography of Crypto report covers the 12 months to July 1. Chainalysis ties the split to need, since Americans already hold dollars and users elsewhere want them without a US bank account.
Why Is the US Hoarding Bitcoin While Everyone Else Wants Dollars?Chainalysis pooled on-chain service inflows, order book volume, and cross-border position into one Bitcoin index. The US scored 0.96 in 2026 against 0.52 elsewhere, a lead of 0.44 that stood at 0.09 in 2024.
The stablecoin index runs the other way. The rest of the world scored 1.00 and the US 0.56, a deficit that was 0.05 in 2024.
US hoarding Bitcoin while rest of world adopts stablecoins, Chainalysis index finds: Source: ChainanlysisAmericans, meanwhile, treat Bitcoin as a scarce store of value. Will Su, Managing Director and Head of Digital Assets Research at BlackRock, described that demand to Chainalysis.
“Investor interest in bitcoin as a monetary alternative remains strong, particularly as government debt and spending reach new highs globally.”
Will Su, BlackRock, via Chainalysis
Flow data fits the pattern. Transfers below $10,000 left the US on net each period, yet those above $10 million alone brought in 53,200 BTC. Chainalysis describes retail sending Bitcoin out and institutions bringing it in.
Which Trade Lasts Longer?Chainalysis says Bitcoin accumulation depends on institutions’ allocation decisions, which shift with market sentiment. Users who adopt digital dollars, it argues, are unlikely to turn back.
Dollar-pegged tokens account for 99.1% of stablecoin volume on exchange order books. Euro-backed tokens hold 0.45%, despite the European Union’s Markets in Crypto-Assets (MiCA) rules for stablecoin issuers.
The crypto economy of the US and Canada has almost doubled in the past 2 years. Source: ChainanalysisStablecoin reserves sit largely in short-dated US government debt, so overseas demand for digital dollars becomes demand for Treasuries. The pattern repeats in tokenized Treasury demand, where Italy, Portugal, and Singapore each hold more value than US holders.
Singapore and Hong Kong have introduced stablecoin licensing frameworks, yet Chainalysis says rules have moved faster than users.
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Bitcoin, Ethereum, XRP Gain, but Dogecoin Slips Amid Spike in Rate Hike Odds: Analyst Says Everything Is ‘Fine’ for BTC if It Trades Above This Key Level
Michael Saylor, executive chairman of Strategy and a strong advocate of Bitcoin, has responded to the latest study on the preferred types of money for artificial intelligence models. The crypto leader has strengthened his belief that Bitcoin (BTC) is the ideal savings tool.
"Smart money saves in Bitcoin," Saylor said on X after the latest quarterly update on the research project "Money for AI".
According to reports, the Q3 update to the research extends the initial project by adding 13 more AI models. In this new research, the 13 new AI models are tested in four financial activities: saving for the future, paying, pricing/account keeping, and transaction settlement.
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The study aims to find out what monetary tools the AI models would prefer if they acted as autonomous economic agents instead of being controlled by human beings.
Bitcoin's advantage in savings for AI modelsThe initial study from the Bitcoin Policy Institute in March covered 36 AI models and 9,072 scenarios with money.
The results showed a notable preference for Bitcoin in retaining wealth in the long term.
In particular, the choice of Bitcoin as the best option for preserving wealth shows a significant result of 79.1% compared to stablecoins, fiat money, and other cryptocurrencies.
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Bitcoin showed the most preferred monetary tool across four financial activities at 48.3% of responses.
On the other hand, stablecoins are the most preferred payment tool with 53.2% of responses compared to 36% for Bitcoin.
A follow-up study with nine new models showed a similar pattern of results. Bitcoin holds 75.8% for the savings option, while stablecoins remain strong for payments.
The results show that the AI models can differentiate between value-preserving assets and transactional assets.
Public companies now hold approximately 1.29 million BTC across nearly 200 corporate balance sheets as of October 2026. For much of the past two years, the prevailing treasury strategy focused on accumulating Bitcoin and maintaining holdings in custody. That model is beginning to evolve. New Bitcoin collateral infrastructure, including Sui’s Hashi network, is preparing to launch this month, offering institutional access to Bitcoin collateral markets with more than $500 million in announced capital commitments. Meanwhile, Nasdaq listed Zhibao Technology announced a strategic collaboration with Bedrock on October 12 to explore deploying part of its 2,380 BTC treasury into onchain infrastructure, with institutional custody and compliance considerations forming part of the proposed framework.
Each of these structures has to answer the question a treasury manager will be asked by their board: who controls the Bitcoin once it leaves custody to work onchain. Deploying into DeFi has usually meant transferring it to an intermediary that holds it on the institution's behalf, and that transfer is where most of the counterparty risk in the trade sits.
In short: Institutions can deploy Bitcoin into DeFi without a centralized custodian by separating the Bitcoin from the instrument that moves onchain. The Bitcoin stays reserved in its own UTXO under threshold cryptography, while a 1:1 claim such as tBTC is deployed in its place. Redemption rights stay with an account the institution already controls, and anyone running a Bitcoin node can verify the reserve.Onchain Bitcoin Is Mostly Being Borrowed AgainstA snapshot of the tBTC contract on Ethereum at block 26,141,569 counts 4,152.96 tBTC on the network. Roughly 48% of it sits in Bitcoin-backed lending markets, which makes credit the largest single use of the asset.
Across the network, the supply splits into four uses:
Lending markets, about 48%. Aave alone holds 41.5% of all tBTC on Ethereum, roughly 1,725 tBTC, and three smaller lending markets add a further 6.1%.Outside the listed protocols, 32.7%. This is tBTC the snapshot does not attribute to any of the integrated venues it tracks.Ethereum layer 2 networks, 10.5%. tBTC bridged onward to networks built on Ethereum.DEX liquidity, 8.1%. tBTC supplied to trading pools.Holders are mostly posting Bitcoin as collateral and borrowing against it. Deploying Bitcoin into DeFi is in practice a financing decision, so the party a treasury has to evaluate is the market it borrows from.In a Lending Market, the Counterparty Is a RulebookA centralized lending desk sets its terms by contract and decides how it treats collateral on its own. When several such desks failed in 2022, one large lender's terms had treated deposited assets as loans to the platform, and its bankruptcy filing showed roughly $4.7 billion owed to users.
An onchain lending market publishes its terms as code instead. The two models differ on the points a risk committee checks first:
Centralized Desk vs Onchain Market | Threshold NetworkThe onchain model takes the discretionary custodian out of the financing trade, though venue risk stays. That risk attaches to whatever asset is posted as collateral, so the structure of the collateral decides how far it travels:
Bitcoin posted directly. Every venue event, from a liquidation to a contract failure, reaches the treasury's reserve.A 1:1 claim posted against reserved Bitcoin. Liquidations and venue failures affecting the claim do not reach the reserved coins.Depth Is the Constraint Institutions Will Hit FirstThe same snapshot shows how concentrated onchain Bitcoin credit is. One market holds about 87% of the tBTC sitting in listed lending venues, so a treasury deploying today would in practice be taking that market's code and governance as its main venue exposure.
Size raises a second question. Public companies hold about 1.29 million BTC, and 1% of that, roughly 12,850 BTC, is more than three times the 4,153 tBTC currently on Ethereum. A treasury deploying a quarter of a 2,380 BTC reserve would add about 595 BTC, around 14% of today's Ethereum tBTC supply.
Those numbers set the diligence questions a treasury manager should ask before choosing a venue:
Capacity. Can the target market's supply caps absorb the position?Share. What portion of the market would the position represent once it is in place?Exit. How long would the position take to unwind through that market's liquidity under stress?Governance. Who can change the market's parameters while the position is open, and with how much notice?Keeping the Reserve Out of the VenueVerifiable Bitcoin Accounts are Threshold's structure for separating the reserve from the venue. The Bitcoin stays in the institution's existing custody arrangement in its own reserved output, and only tBTC minted against it goes to a lending market; the mechanics are set out in the launch post and mapped against a full custody review in Who Controls the Bitcoin?
For the financing decision, the useful property is that venue selection and custody stop being the same choice. A treasury can size its tBTC position to what a market can absorb while the reserve behind it stays where its auditors already expect to find it. That matches how institutions say they want to operate, with 53% of respondents in the 2026 EY-Parthenon and Coinbase survey preferring a traditional finance platform with crypto capabilities that keeps digital assets inside existing portfolio and risk processes.
Where This StandsStatus: pre-deployment. Verifiable Bitcoin Accounts are not live yet, and the first live position depends on steps governed by the protocol. Treasury teams evaluating the model now can review the architecture and legal structure ahead of launch through the diligence pack, which is led by a custody-and-control brief that cites the code behind each claim and is available to qualified institutional participants on request. Request the Diligence Pack
Frequently Asked QuestionsCan an institution use Bitcoin in DeFi while keeping its existing custodian?
Yes. A Verifiable Bitcoin Account is funded with one Bitcoin transaction and operated from an Ethereum account within the institution's current custody stack, so the existing custodian relationship stays in place.
How is tBTC different from custodial wrapped Bitcoin?
Custodial wrapped Bitcoin relies on a single issuer holding a pooled reserve. tBTC is minted against Bitcoin secured by a 51-of-100 threshold signer set. With Verifiable Bitcoin Accounts. the coin sits in segregated accounts within the BTC network.
Is the reserved Bitcoin ever lent or rehypothecated?
With Verifiable Bitcoin Account, the reserved Bitcoin is excluded from lending and pledging by design. The protocol and its signers reject any attempt to combine a position's UTXO with any other funds.
How does a treasury or audit team verify a position?
Each position can be located directly from its Bitcoin outpoint. Every movement is a single-input, single-output transaction, so any Bitcoin node can reconstruct the full lineage back to the original deposit.Are Verifiable Bitcoin Accounts live?
They are pre-deployment, and the first live position depends on protocol governance steps. Qualified institutions can request the diligence pack ahead of launch.Check other Bitcoin Markets available onchain
Bitcoin production has fallen to 529 BTC at CleanSpark and 167 BTC at BitFuFu in September, while Canaan has maintained output at 44 BTC, according to the companies’ operational updates.
Summary
CleanSpark’s production fell nearly 11%, while its Bitcoin holdings dropped to 13,530 BTC. BitFuFu reported lower cloud mining output despite an increase in its self-mining production. CleanSpark will replace monthly mining updates with quarterly reporting as its data center business expands. Canaan maintained production at 44 BTC and brought its Nordic heating project fully online. CleanSpark, BitFuFu and Canaan reported different treasury movements alongside their September production figures: CleanSpark’s holdings declined, while the other two companies added Bitcoin to their balances.
According to their updates, CleanSpark held 13,530 BTC at month-end, compared with 13,703 BTC in August. BitFuFu’s balance rose to 1,388 BTC from 1,373 BTC, while Canaan’s holdings increased to 1,875 BTC from 1,868 BTC.
CleanSpark’s Bitcoin sales exceed September production In its September operational update, CleanSpark reported production of 529 BTC, down from 593 BTC in August, reversing the previous month’s modest increase.
The company disclosed sales of 2 BTC on spot markets and deliveries of another 700 BTC through call option exercises. CleanSpark reported an average sale price of $72,928 per Bitcoin for the transactions.
With 702 BTC sold or delivered against 529 BTC mined, the company’s disclosed transactions exceeded production by 173 BTC. Its month-end treasury declined by the same amount, according to the operational figures.
Alongside the production report, CleanSpark said it would discontinue monthly mining updates and publish the figures quarterly instead. The reporting change accompanies its expansion into data centers, including the Sandersville campus in Georgia.
For investors following the company through its Nasdaq-listed CLSK shares, the announcement changes how frequently CleanSpark will publish its mining performance and Bitcoin treasury figures.
In the Thursday trading snapshot cited by The Block, CLSK traded at $8.76, leaving the shares down more than 24% since the start of the year.
CleanSpark finances its Georgia data center expansion For its Sandersville construction, CleanSpark announced last week that it had closed a $2.276 billion senior secured notes offering, according to the financing report cited in the original coverage.
Earlier, crypto.news reported that the company had proposed secured notes worth $2.227 billion on Sep. 17. Under that proposal, subsidiary CSDC Finance I LLC would issue the debt, with the notes due in 2031.
The September announcement said proceeds would fund construction, reimburse certain earlier equity investments and establish debt-service reserves. CleanSpark also said the proposed notes would carry a first-priority lien over most assets belonging to the issuer and the Sandersville property company.
Under the proposed terms, the notes carried no right to convert into CleanSpark common shares.
The underlying customer agreement predates the financing. In coverage published on Aug. 7, the company’s Georgia data center lease covered 175 megawatts over 20 years, with an undisclosed investment-grade technology company as the customer.
CleanSpark estimated $6.6 billion in contracted revenue over the initial lease term. In the same earnings release, it reported a $239 million quarterly net loss and revenue of $138 million, down 30.5% from a year earlier.
BitFuFu’s cloud mining decline offsets self-mining gains According to BitFuFu’s Oct. 13 update, September production fell 4% to 167 BTC from 174 BTC, although average daily output remained unchanged at 5.6 BTC.
Within that total, self-mining generated 98 BTC, up more than 11% from August’s 88 BTC. Cloud mining production fell to 69 BTC from 86 BTC, a decline of nearly 20%.
The company also disclosed uncertainty over its proposed purchase of a majority stake in an Ethiopian business operating an 80 MW mining facility.
Under the agreement, BitFuFu had paid sellers $4.1 million and deployed about 13,700 Bitmain Antminer S19-series machines. The company said the acquisition had not closed because required conditions remained unsatisfied.
According to its disclosure, the target company’s electricity supplier issued a notice on Sep. 28 threatening to take possession of collateralized equipment and assets unless it received a disputed payment within 10 days.
BitFuFu said it was assessing termination, arbitration, recovery of payments and the return of its machines. The company identified a material risk that the acquisition might not close.
Separately, Sep. 16 coverage documented Ethiopia’s cuts to mining power. Ethiopian Electric Power CEO Ashebir Balcha said electricity deliveries to miners had fallen to 23% of contracted amounts after earlier reductions.
The Block’s Thursday snapshot put FUFU shares at $1.27, down more than 54% year to date.
Canaan maintains output and brings heating project online In its Oct. 15 release, Canaan reported 44 BTC mined in September, matching August and ending three consecutive monthly declines.
For its energy projects, chairman and CEO Nangeng Zhang said:
“Our 8 MW Nordic district heating project is now fully operational, delivering recovered computing heat to approximately 2,800 homes.”
In Canada, Zhang said a greenhouse heat-recovery project was approaching planned deployment, subject to site inspections.
The company’s release also disclosed a direct use of its digital assets for shareholders in its U.S.-listed securities. By Oct. 15, Canaan said it had converted 3,952 ETH and 54.5 BTC into approximately $13.9 million in cash under a treasury-funded repurchase initiative.
According to the update, Canaan spent $5.4 million buying back 13.6 million American depositary shares in late August, bringing year-to-date repurchases to approximately 16.4 million ADSs.
The Bank of Russia announced that peer-to-peer cryptocurrency trading between individuals will remain legal until July 1, 2027, after which such transactions will be prohibited under a newly enacted law. This development was confirmed in an official FAQ published on October 12 as the regulator clarified updated rules for digital currency operations in the country.
Law restricts direct crypto tradesThe framework is outlined in Federal Law No. 282-FZ, “On Digital Currencies and Digital Rights,” which President Vladimir Putin signed on August 4. The law took effect in September, and Article 30 specifies the types of crypto transactions permitted without a licensed intermediary. Beginning July 2027, direct trades between private individuals will no longer be allowed.
Instead, crypto trading must take place through or directly with companies authorized to “organize the circulation” of digital currencies. These organizations include brokers licensed by the Bank of Russia and crypto exchanges registered in the central bank’s official registry.
The Bank of Russia also confirmed that individuals are not permitted to transfer crypto from digital accounts to their own non-custodial wallets or send assets to another person through addresses maintained by digital depositories. These companies are licensed to record ownership of coins, but using their infrastructure for person-to-person trades or transfers remains off-limits.
Stablecoin access and peer-to-peer model targetedThe regulations target the standard peer-to-peer model that has become popular since Binance exited the Russian market in 2023 by selling its operations to CommEX. Many residents have used this approach to obtain stablecoins such as USDT, transferring rubles to sellers’ bank accounts in exchange for digital tokens. This method will be expressly prohibited from July 2027.
Crypto exchange organizations must be Russian companies with at least 15 million rubles in equity and must appear in the central bank’s registry. However, these businesses can continue operating without registration until July 1, 2027.
Lending crypto is also tightly regulated; only licensed brokers, trustees, exchange operators, and clearing houses are authorized to issue crypto loans. Ordinary users will not be able to lend or borrow crypto directly between each other.
Limits on investor activity and foreign platform fundingThe Bank of Russia’s guidelines also introduce strict limits on non-qualified investors. These individuals must pass a test and can purchase up to 300,000 rubles (about $3,600) of digital assets annually. Qualified investors are not subject to these restrictions. For non-qualified investors, only Bitcoin, Ethereum, and USDT are authorized for purchase.
Starting in July 2027, Russian banks will also be required to block clients from funding crypto wallets on foreign platforms and refuse to process ruble withdrawals from those services. Legal experts note that these requirements will make accessing international exchanges significantly more difficult for ordinary users.
Russian banks enter crypto exchange marketOn October 12, Sberbank, Russia’s largest lender, joined the registry of approved crypto exchange organizations and plans to introduce its first crypto products by December 1. VTB and T-Invest Lab are also registered to provide authorized crypto services in accordance with the new regulations.
The law maintains a domestic ban on spending crypto for goods and services but allows digital currencies to be used for foreign trade settlements. Kaplan Panesh, deputy chair of the Duma’s budget committee, openly characterized this as a mechanism to bypass international sanctions when the bill went through parliamentary review earlier this year.
From July 1, 2027, peer-to-peer deals—where two people swap rubles for coins without a regulated middleman—will no longer be legal, the Bank of Russia confirmed this week.
With shifting regulations and narrowing pathways for direct trading, investors are increasingly looking for tools to optimize their crypto activities. In a market where a single Fed decision or an unexpected altcoin listing can trigger sharp movements within seconds, continuously switching between different applications for charts, news, and portfolio management can lead to missed opportunities. Many traders now use privacy-focused solutions such as CryptoAppsy, which provide real-time charts, instant price alerts, coin-specific news, and key macroeconomic data in a single interface—without the need to sign up for an account.
Crypto News: Pepeto Announced Its Raise Right as the Bitcoin Price Prediction Hit $175,000. Bitcoin trades at $80,850 per CryptoTimes, holding $80,000 through a hot inflation print after a 40% climb off its $58,000 summer low. That strength resets what analysts dare to say, and the newest Bitcoin price prediction landed on October 15: Brian Vieten of...
DUBAI, United Arab Emirates, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Pepeto has announced that its raise passed $11.231 million, the loudest number yet from the viral new crypto, and the live stage is close to running out. Presale watchers see Pepeto across every crypto news feed, buyers keep arriving daily, and a figure this size tells its own story: the money inside this project believes it found the next Shiba Inu, and wallets this smart rarely crowd one door without reason. Every stage before this one sold out ahead of schedule, and this one is tracking the same way, right as the market hunts its best crypto to buy now and the newest Bitcoin price prediction lands on a giant target, two facts that explain each other.
Crypto News: Pepeto Announced Its Raise Right as the Bitcoin Price Prediction Hit $175,000
Pepeto announced its raise the same week the Bitcoin price proved its floor. Bitcoin trades at $80,850 per CryptoTimes, holding $80,000 through a hot inflation print after a 40% climb off its $58,000 summer low. That strength resets what analysts dare to say, and the newest Bitcoin price prediction landed on October 15: Brian Vieten of Nasdaq-listed Siebert Financial maps $175,000, a 117% move, laid out on Coinpaper.
Can the Bitcoin price really get there? We ran the target through three checks. Ownership changed: banks now take Bitcoin ETF shares as collateral, so holders borrow instead of selling, which pulls supply away. The floor changed: rebounding 40% then holding $80,000 on bad inflation news is base-building, not topping. And the fuel grows: money supply and wallet adoption are the inputs Vieten's model runs on. All three agree: bull cycle in motion.
Still, the honest math stays honest: even this Bitcoin price prediction is barely a 2x on an asset worth $1.6 trillion, a solid year for million-dollar wallets, while $5,000 becomes roughly $10,800 at best. When the largest coin can only double, the life-changing wins start smaller, and every cycle names the same place, early presales free of giant market caps, the road back to the raise above.
Pepeto's $11.231M Raise Rests on a Working AI DeFi Exchange While the Bitcoin Price Holds
Pepeto has announced $11.231 million raised, the figure behind its rank as 2026's top early entry. Rewind one cycle: everyone knows somebody who slid a little into Shiba Inu and banked returns no large cap could print, then remembers waiting. That moment is repeating, still early. Across X, Telegram, Reddit, and the crypto news feeds, Pepeto talk multiplies with zero paid promotion, whales spotted the pattern first, and $11.231 million already sits inside.
What that money bought is bigger than the meme: underneath runs a full trading platform, zero-fee swaps, an AI layer checking every contract, reach spanning Ethereum, BNB Chain, and Solana, launch usage rewarding the earliest wallets, all SolidProof-signed before a single token moved. A former Binance executive plants the hype on solid ground.
One comparison closes the case: Shiba Inu built fortunes while shipping zero products, and Pepeto carries equal viral heat with a live exchange underneath, so the real question is not whether it matches SHIB, but why it would do less.
Conclusion
Pepeto has announced the largest figure in its history while daily crypto news backs the bull cycle, and even a $175,000 Bitcoin price prediction draws the ceiling: Bitcoin made its millionaires when a coin cost a few hundred dollars, and at $80,850 on a $1.6 trillion valuation that story has no room to repeat, so the next millionaires get made somewhere smaller and earlier.
Every data point above reads this new crypto as solid, the virality as real, whale capital keeps arriving, the kind that never moves without double-checking.
A few hours of hesitation locked thousands out of Shiba Inu: the moment the Binance headline dropped, that price stopped existing, and whoever moved banked returns the market still retells. That same setup sits open today at presale pricing, before listing. So on any best crypto to buy now list, large caps like Bitcoin earn a spot for a strong year, but the life-changing slot belongs to a project like Pepeto.
PEPETO is sold only via the Official Pepeto Website.
FAQs
How big is the newest Bitcoin price prediction for 2026?
The newest Bitcoin price prediction comes from Siebert Financial's Brian Vieten, who on October 15, 2026 mapped Bitcoin above $175,000, a 117% gain, per Coinpaper. The Bitcoin price sits near $80,850 after holding the $80,000 floor through hot inflation data, per CryptoTimes.
Why is Pepeto named the best crypto to buy now in crypto news?
Pepeto tops best crypto to buy now lists because this new crypto passed $11.231 million with its stage nearing sellout, with a SolidProof audit and a zero-fee exchange built. Shiba Inu paid those who entered ahead of its Binance headline, and that pre-listing door is where Pepeto stands today.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Investing involves risk, including the potential loss of capital. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.
A hacker operating a widespread “task scam” scheme has lost approximately 60 Bitcoins, valued at around $4.8 million, as a result of the recent Ledger hardware wallet hack. The stolen amount highlights both the scale and reach of the security breach affecting the crypto hardware wallet sector.
Scammer among major victims in hardware wallet exploitChainalysis, a blockchain analytics company, reported that the scam operator initially transferred illicitly acquired Bitcoin into three separate Ledger wallets on September 22. On October 9, these funds were consolidated and sent to a wallet previously linked to stolen assets.
Despite the significant loss to the scammer, there is currently no indication that the original victims of his scheme have recovered their funds.
Task scams often involve building trust with small payouts before pressuring individuals to deposit additional money under false pretenses such as a “negative balance.”
How task scams target individualsThe accused operator organized fake jobs and paid participants to carry out fabricated sales and reviews. After a period of building trust, victims were informed of an alleged negative balance and were persuaded to deposit their own money to receive promised payouts.
In 2024, the US Federal Trade Commission (FTC) described similar fraudulent schemes where small online tasks create the illusion of legitimate employment. The FTC estimated that about 20,000 reports concerning task scams had been filed in the first half of 2024, with overall job scam losses surpassing $220 million.
Tampered Ledger devices and method of attackAccording to a statement from Ledger, the perpetrators purchased genuine hardware wallet devices, implanted malicious components within them, and then reintroduced the tampered products into Southeast Asian distributor channels. These modifications enabled the collection of 24-word recovery phrases during device setup, giving attackers remote access to affected wallets.
Ledger maintains that its systems remain secure and has instructed authorized sellers to cease displaying devices openly, supplying them only at the time of purchase.
Mini dictionary: Ledger is a French company specializing in cryptocurrency hardware wallets, widely used for the self-custody of digital assets.
Damage assessment and expanding industry responseWhile Ledger has not provided an official loss total, Bitquery, a blockchain analytics firm, estimated that around $102 million was stolen from 324 wallets spread across six blockchains: TRON, Bitcoin, Ethereum, Solana, BNB Chain, and Polygon. This figure increased from a prior estimate of $86 million.
Bitquery identified CryptoBilis, a hardware wallet reseller operating in Indonesia, Malaysia, and the Philippines, as an origin point for the affected devices. Stolen funds showed coordinated movement, including $10 million in USDT that Tether subsequently froze. Further portions of the assets were traced through protocols such as Tornado Cash and THORChain.
BlockchainEstimated Stolen FundsNotable ActionsBitcoin~$60 millionLinked to task scammer lossEthereumn/aFunds moved via mixersTRONn/aIncluded in total loss countSolanan/aPart of affected walletsBNB Chainn/aPart of affected walletsPolygonn/aPart of affected walletsMini dictionary: Tornado Cash and THORChain are decentralized protocols that enable the mixing or swapping of cryptocurrencies, often used to obfuscate the origin and movement of digital assets.
Growing industry concerns and countermeasuresThe Ledger incident has intensified concerns regarding cryptocurrency security and the vulnerability of hardware wallet supply chains. TRM Labs reported 207 crypto attacks during the first half of 2026, with $972 million in losses. Notably, while infrastructure and operational breaches made up 15% of attacks, they accounted for 76% of overall losses.
Although the recent Ledger theft has captured industry attention, researchers have not identified a significant impact on overall cryptocurrency market prices.
Chainalysis observed that despite several high-profile thefts, on-chain economic activity decreased only 1.6% during a period when the broader crypto market capitalization dropped by about half, though these statistics predate the Ledger hack.
In response to ongoing threats, hardware wallet manufacturers and resellers are adjusting their security policies. Trezor, a leading hardware wallet provider, announced the termination of some reseller authorizations effective January 1, 2027. OneKey, another wallet producer, ended its relationship with CryptoBilis. Industry sources indicate that these measures aim to address supply chain weaknesses but restoring full trust in self-custody solutions remains a challenge.
Major irony alert as scammer falls victim to Ledger supply chain attackLedger was forced to suspend its reseller network across South East Asia this week, after thieves stole more than $103.4 million from 530 addresses via tampered Ledgers inserted into the supply chain. But in a small measure of poetic justice, one of the “victims” was a scammer themselves according to Chainalysis.
The blockchain monitoring firm reports that the scammer lost 60 Bitcoin, worth about $4.8 million, from three newly purchased Ledgers containing spyware that records seed phrases. The Ledger thieves drained all three of their funds into the same wallet.
In a further irony, the scammer had operated a “task scam” where people were paid to fake sales and reviews of real items. So depending on how much they knew, their victims in turn may not have been entirely honest either. “Then a ‘negative balance’ appeared, and they were told to add their own money in order to get paid,” Chainalysis reports. So it’s possible that a scammer of scammers has just got scammed. In crypto it’s sometimes turtles all the way down.
Despite reports of tampered Ledgers showing up in Europe forcing electronics retailer MediaMarkt to suspend sales, Ledger insists that all of the confirmed thefts to date are from Asia. It has asked resellers in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong to remove Ledgers from sale. Trezor too, has decided to shutter some of the more far flung resellers in its network from Jan.1, as it can’t guarantee it can perform the same level of vigilance as it performs on resellers closer to home. There are no reports of tampered Trezors however.
In the midst of the worst hardware wallet scandal since the Coldcard seed phrase debacle at the end of July, Ledger decided it was the ideal moment to launch its latest device. Called Atom, the $849 device combines a crypto wallet with Android apps, which are kept separated from sensitive wallet operations. The device includes protections Ledger says would block the implants used in the Asian thefts and claims it can detect tampering even when switched off.
A first look at Ledger Atom. Source: Ledger
SOUTH KOREA
South Korea moves to block 27 overseas crypto exchangesSouth Korean authorities have approved measures to block domestic access to 27 websites operated by unregistered crypto exchanges and other virtual asset service providers, including KuCoin, MEXC, Phemex and Bitrue.
The Financial Intelligence Unit (FIU) said in a statement: “With this decision, blocking measures against illegal virtual asset operators will also apply to internet websites, following apps such as those on Apple and Google,” the FIU said, according to a translation.
The list also includes CoinW, BTCC, BitMart, BingX, DigiFinex and others.
South Korea plans cybersecurity overhaul after attacks hit banks, crypto firmsSouth Korea will tighten cybersecurity requirements for financial institutions after an investigation into earlier security incidents involving 16 companies including crypto exchanges found some big holes.
The Financial Services Commission said it would pursue improved threat monitoring, more frequent security assessments and stronger accountability for executives after an industry-wide review found cybersecurity deficiencies at 130 of 555 financial companies.
South Korean bank launches Bitcoin-backed business loans: ReportJeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate customers, with a third-party custodian holding the cryptocurrency used as collateral.
THAILAND
Thailand’s Bitcoin, Ether ETFs launch tradingThailand’s Securities and Exchange Commission has finalized rules that go into effect Friday allowing crypto exchange-traded funds (ETFs) to list on Thailand’s main stock exchange.
Kicking off with Bitcoin and Ether ETFs, the products must list exclusively on the Stock Exchange of Thailand. Products linked to foreign crypto ETFs will not be permitted initially, and Thai brokers are barred from facilitating investments in overseas crypto ETFs for anyone except institutions and ultra-high-net-worth individuals.
However, James Butterfill, head of research at digital asset investment firm CoinShares, told Cointelegraph not to get too excited.
“I would expect modest inflows initially, with tens of millions of US dollars across the first products a more realistic starting expectation than billions,” he said.
AUSTRALIA
Australia seeks feedback on crypto platform rules ahead of 2027 rolloutAustralia’s securities regulator opened consultation Thursday on proposed capital, custody and trading requirements for crypto platforms, as it prepares to implement legislation passed in April that expands oversight of the industry.
The proposals include three alternative capital models, restrictions on platforms trading for their own account and quarterly reporting of wallets holding customer assets. ASIC also proposes allowing offshore custody while seeking feedback on safeguards if an overseas parent or related company fails.
The Australian Securities and Investments Commission (ASIC) also proposed expanding the rules for contracts for difference (CFDs) to crypto. CFDs let traders bet on price movements without owning the underlying asset.
CHINA
Chinese fraud victims lose key court battle over 61,000 BitcoinChinese fraud victims seeking to recover 61,000 Bitcoin seized by the British government have lost a key legal battle after London’s High Court ruled that Chinese law, rather than English law, should govern claims to the assets.
“The relevant damage occurred in China. The Applicants parted with their money in China,” Justice Mark Turner wrote. “The contractual relationships thereby induced were entered into in China.”
The dispute stems from an investment fraud scheme orchestrated by Zhimin Qian between 2014 and 2017, with British authorities seizing the assets during a money-laundering investigation. The claimants will appeal the ruling in British courts.
THE PHILIPPINES
Coins.ph says it still has a Philippine central bank license intact despite reportsCoins.ph said it is still licensed by the country’s central bank despite reports that it could face license revocation over alleged transactions involving restricted offshore gambling operators.
Coins.ph is one of the largest crypto exchanges in the Philippines, and the reported license risk follows restrictions imposed by the central bank on some incoming transfers involving DCPay Philippines which operates Coins.ph’s peso e-wallet services.
“Coins.ph firmly denies any claim that it knowingly serves offshore gaming or gambling operators,” the company said. “Our users’ funds are safe; we continue to operate as a BSP-licensed institution,” it added.
HONG KONG
Binance may add Asian stocks to the platformBinance co-CEO Richard Teng said during Token2049 the exchange may add Hong Kong, Korean, Taiwanese and Brazilian equities to its platform.
Second Solana ETF lists in Hong KongPando Finance’s Solana ETF has launched in Hong Kong’s HKEX under the ticker 2831.hk. It’s the second such fund and has a 0.6% fee, undercutting the first fund from ChinaAMC which charges 0.99% annually.
SINGAPORE
Singapore crypto scam losses fall by 43%A crackdown by Singapore Police in partnership with local crypto exchanges helped contribute to a 43% fall in reported losses from crypto scams year over year.
Revolut to open new Singapore officeRevolut has announced it will open a new Singapore office, invest S$350 million (US$273M) over the next five years, and expand its local workforce from 170 to 300
Cointelegraph publishes long-form journalism, analysis and narrative reporting produced by Cointelegraph’s in-house editorial team with subject-matter expertise. All articles are edited and reviewed by Cointelegraph editors in line with our editorial standards. Some articles contain affiliate links, from which Cointelegraph may earn a commission. These relationships do not influence which products we review or our editorial conclusions. Content published in here does not constitute financial, legal or investment advice. Readers should conduct their own research and consult qualified professionals where appropriate. Cointelegraph maintains full editorial independence.
Bitcoin’s one-year volatility has fallen to 43%, a level that now sits within the range of S&P 500 stocks, according to a new Grayscale report.
The comparison could help ease concerns among traditional investors, as inflation data keeps markets on edge.
What Volatility Means for BitcoinVolatility measures how much an asset’s price moves over time. Realized volatility, the measure Grayscale uses, tracks actual price swings over the past year.
Grayscale’s analysis puts Bitcoin’s current level in context. Its one-year realized volatility stood at 43%, down from 81% five years ago and below the 64% ten-year average.
Bitcoin’s $BTC volatility has declined over the past decade as the asset has matured, with deeper liquidity, institutional participation, and regulation.
Over the past year, Bitcoin’s realized volatility fell to 43%, down from 81% five years ago, placing it within the range of… pic.twitter.com/DYT6eNsTZa
— Grayscale (@Grayscale) October 15, 2026 The report also places that figure alongside stocks. Bitcoin’s volatility over the past year fell within the range of S&P 500 components. It was lower than the volatility of 19% of the index’s stocks. Even so, it remains above most individual names, and Grayscale says it no longer sits in a separate risk category.
The firm links the decline to market maturation. Deeper liquidity, institutional participation, and regulated access through spot ETFs have smoothed out extreme swings.
Perception is the report’s central message: Bitcoin’s reputation for high volatility may deter traditional investors.
Can Bitcoin Be Managed Like a Large-Cap Stock Today?Grayscale says the comparison matters for investors who already handle volatile positions. Position sizing, a standard tool in equity portfolios, can apply to Bitcoin too.
The latest price action shows why the debate matters. Bitcoin briefly fell near $80,000 after September CPI came in at 3.7% year over year, above the 3.6% expected.
Traders feared the Federal Reserve could keep rates high or raise them further. Still, BeInCrypto data shows Bitcoin recovering to about $82,285, up 0.81% over 24 hours and 1% over the week.
Bitcoin (BTC) Price Performance. Source: BeInCryptoGrayscale adds a caution, however. One year of data cannot reveal how Bitcoin behaves across full market cycles, so the report invites a measured view.
For investors used to volatile large-cap stocks, Bitcoin’s swings may look less intimidating than history suggests.
The Brooklyn District Attorney’s office has dismantled the online backbone of a multinational cryptocurrency scam that drained tens of millions of dollars from Russian-speaking victims across the U.S.
Working with the FBI, investigators executed search warrants across three time zones in a matter of hours and seized or disrupted 241 scam domains and more than 100 cloud servers hosted by Eastern European and American companies. The servers held the scammers’ victim data, site content and operating software, according to a Wednesday statement.
“Our groundbreaking Virtual Currency Unit identified the fraud, tracked the stolen cryptocurrency, broke new ground by uncovering the infrastructure behind the operation, and worked with the FBI to dismantle it,” Brooklyn District Attorney Eric Gonzalez said.
“By disrupting more than 100 servers and hundreds of fraudulent websites, we have struck at the heart of this criminal enterprise and made it far harder for these scammers to victimize others. I commend our investigators and thank the FBI for their partnership in this extraordinary operation.”
The scam worked by luring victims via Russian-language investment ads on Facebook. A Russian-speaking “advisor” then called and walked them through opening an account on a fake crypto platform and buying digital assets.
Weeks or months later, when victims tried to withdraw, they were locked out or hit with bogus “fees” and “taxes.”
Some lost their life savings. Then the scammers came back for more: Posing as recovery services, they contacted victims weeks later and promised to retrieve the stolen money.
The unit had already taken down 400 scam domains, but new ones kept appearing. Hitting the servers behind them cuts off the scammers’ ability to launch new sites quickly or reach past victims.
The three-year investigation has recovered about $300,000 so far, and prosecutors say they are working to claw back more.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Bitcoin treasury firms Strategy and Metaplanet face potential removal from the MSCI’s Global Investable Market Indexes. This follows the index provider’s adoption of a new methodology which would make non-operating companies eligible for inclusion in its global index.
MSCI Could Soon Axe Strategy, Metaplanet Over New Rules
In an announcement, the firm said that it will adopt the proposal to exclude non-operating companies from its global index, potentially putting Strategy and Metaplanet at risk of removal. This follows a consultation period in which it sought to expand the definition of non-operating companies.
As CoinGape earlier reported, the MSCI launched the consultation in August, classifying corporate issuers that have similar characteristics to various investment funds and Business
Development Companies (BDCs) as non-operating companies. It sought to determine, through two screens, which corporate issuers would fall under this lens.
The initial screen was to determine whether the corporate issuer is a company with substantial operating costs. Issuers that fail this screen then undergo the exclusion screen based on five non-industry-specific financial ratios. These ratios are operating asset intensity, expense intensity, cash flow screen, fair value intensity, and capital dependence. Getting flagged on at least four out of five of these ratios leads to exclusion.
Final Decision To Come On November 11
MSCI also said it will release the final list of companies facing exclusion on November 11. The index provider said that it will remove constituents that fail the ineligibility screen in te two of their most recent annual filings.
The firm also pointed to a list of companies that could be impacted by this methodology, with Strategy and Metaplanet facing removal in this simulation. Meanwhile, crypto treasury firms such as Bitmine, Upexi, Cypherpunk Technologies, and DeFi Development are on the watchlist.
Following the November 2026 Index Review announcement, MSCI noted that the new methodology will replace the interim measures it had put in place for digital asset treasury companies. The Strategy stock is down over 1% in overnight trading, trading at $149, according to TradingView data.
Source: TradingView
To trade the stock, check out Best Platforms to Trade Tokenized Stocks
Bitcoin rebounds from its recent low, while previously strong cryptocurrencies have rallied rapidly, with NEAR surging nearly 10%.
After Bitcoin bottomed at $80,000 and rebounded, previously strong altcoins have posted notable gains overnight into this morning. According to HTX market data: NEAR is trading at $5.3281, up 9.9% over 24 hours; ZEC is at $1234.78, up 8.53% over 24 hours; PYTH is at $0.09335, up 10.5% over 24 hours, hitting a new high since last November; INJ is at $8.563, up 11.98% over 24 hours, also hitting a new high since last November.
8 minutes ago
Whale Hamr4x Dumps 145,010 $SOL ($15.25M) After 2 Months
After 2 months, whale Hamr4x dumped another 145,010 $SOL ($15.25M).
8 minutes ago
Google lowers Gemini 4 Argon's Pro subscription price to $20.
Beating AI News Flash: Google has started rolling out Gemini 4 Argon to paid Google AI Pro users. Previously, while Argon had been integrated into the Gemini app, it was only accessible to higher-tier Ultra subscribers within the AI programming tool Antigravity. Now, Pro users can access this flagship model via the Antigravity desktop app and CLI to handle complex programming, debugging, and multi-step development tasks. Google has also set a separate weekly usage quota for Argon for Pro users, which does not take up the existing Gemini 3.8 Flash quota; the two models can be used independently. However, Argon still does not support Antigravity’s built-in IDE, and can only be accessed through the desktop app, CLI, or third-party IDE extensions. Additionally, this access is limited to formal paid Pro subscriptions, with trial subscriptions excluded.
8 minutes ago
AMC CEO issues fresh warning: Opposes Robinhood’s launch of AMC stock tokens in the US, saying it could impact the company’s capital structure.
AMC CEO Adam Aron once again voiced opposition on X to Robinhood’s plan to issue stock tokens, stating AMC does not consent to Robinhood launching tokens replicating AMC’s shares in the U.S. Aron labeled these tokens “fake synthetic stocks,” warning they could impact AMC’s capital structure. He added that the U.S. Securities and Exchange Commission (SEC) requires Robinhood to secure AMC’s approval or at minimum confirm AMC has no objections, stressing AMC should control its own financial destiny rather than letting Robinhood call the shots.
8 minutes ago
A whale opened max leveraged long positions on Bitcoin and Ethereum 4 hours ago, with positions worth $187 million.
According to Yu Jing Monitoring, a whale address (0x30afce2f6842bf183c7e3fe7162e279ff0b6393e) opened a maximum-leverage long position worth $187 million four hours ago. The position includes 1,822 BTC (valued at $150 million) with an entry price of $82,409 and a liquidation price of $80,634, plus 15,270 ETH (valued at $37.33 million) with an entry price of $2,455 and a liquidation price of $2,406. The whale’s most profitable previous trade netted $14.8 million: it opened a long position in NEAR at $2.14 in late August and took profits at $4.88 in late September.
