US stocks suffered their sharpest selloff since July on Wednesday as hotter-than-expected inflation data weighed on technology and AI infrastructure companies, with Bitcoin miners among those hit.
The S&P 500 fell 1.1%, its biggest one-day decline since July 29; the Nasdaq Composite fell 1.9%, its biggest one-day drop since July 23, while the Dow Jones Industrial Average fell 0.1% over the day.
Leading decliners among major tech companies included data center operator CoreWeave, which fell 16%, AI infrastructure provider Nebius, which fell 11%, and Oracle, which fell 9%.
Of the 23 AI infrastructure stocks tracked by PRISM’s AI Data Center and Infrastructure Index, 21 declined Wednesday, with an average loss of 7.46%.
The single-day dip extended to Bitcoin miners, several of which have also expanded into AI infrastructure. TeraWulf fell 12.64% over the day, while Core Scientific, Cipher Mining and IREN fell 12.44%, 12.35% and 12.2%, respectively. Riot Platforms, Bitdeer Technologies, MARA and CleanSpark also fell.
Higher interest rates could increase borrowing costs for AI infrastructure companies, many of which rely heavily on debt to finance data center expansion.
Hotter inflation triggers tech, crypto selloff US consumer prices rose 3.7% in September from a year earlier, exceeding economists’ expectations of 3.6% and well above the Fed’s 2% target, with higher gasoline prices from the Middle East war to blame.
The inflation report also led to increased expectations of an October Federal Reserve interest-rate hike. The implied probability briefly exceeded 50% on Wednesday before retreating.
However, San Francisco Federal Reserve President Mary Daly told Reuters that while further rate hikes were likely needed to bring inflation under control, there was no urgency to act this month.
“I don’t feel urgent that we have to decide with a limited set of information. I think we have the time that we need,” Daly said.
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TeraWulf shares fell approximately 12.64%, while Core Scientific dropped 12.44%, Cipher Mining 12.35%, and IREN 12.2%.
Higher-than-expected US inflation triggered a sell-off in technology and AI stocks. Companies that shifted from Bitcoin mining to data centers also couldn’t escape the decline.
The widespread sell-off in US stock markets has hit companies operating in Bitcoin mining and artificial intelligence infrastructure hard. Shares of TeraWulf, Core Scientific, Cipher Mining, and IREN all lost more than 12% of their value in a single trading day.
TeraWulf shares fell approximately 12.64%, while Core Scientific dropped 12.44%, Cipher Mining 12.35%, and IREN 12.2%. This shows that the share performance of mining companies is becoming increasingly dependent not only on the price of Bitcoin, but also on risk appetite and interest rate expectations in the technology sector.
At the heart of the sell-off are the higher-than-expected US inflation figures. Concerns that persistent inflation could push the Federal Reserve to keep interest rates high for longer or consider another rate hike have accelerated the exit from companies priced with high growth expectations.
The S&P 500 fell 1.1%, its sharpest daily loss since July 29. The technology-heavy Nasdaq Composite declined 1.9%. AI data center operator CoreWeave dropped 16%, Nebius 11%, and Oracle 9%.
Many Bitcoin mining companies have recently begun leasing their energy infrastructure to AI and high-performance computing clients. While this transformation creates new revenue streams, it also makes companies more vulnerable to valuation fluctuations in the technology and AI sectors.
Daily declines alone do not determine the long-term performance of companies. However, investors are now paying more attention not only to large AI contracts but also to the financing costs, delivery schedules, and profitability of these projects.
*This is not investment advice.
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The S&P 500 fell 1.1% and the Nasdaq dropped 1.9% on Wednesday, their worst daily losses since July.
TeraWulf, Core Scientific, Cipher Mining and IREN each fell more than 12%.
US consumer prices rose 3.7% in September, above the 3.6% economists expected.
The odds of an October Fed rate hike briefly topped 50% after the inflation report.
San Francisco Fed President Mary Daly said more hikes are likely needed, but there is no urgency to act this month.
US stocks had their worst day since July on Wednesday after a hotter-than-expected inflation report. Technology and AI infrastructure companies took the biggest hits, and Bitcoin miners were among those hit hardest.
The S&P 500 fell 1.1%, its largest one-day drop since July 29. The Nasdaq Composite fell 1.9%, its biggest daily decline since July 23.
The Dow Jones Industrial Average held up better. It slipped just 0.1% by the end of the day.
AI Infrastructure Stocks Lead the Decline
Data center operator CoreWeave was one of the worst performers among major tech names, falling 16%. AI infrastructure provider Nebius dropped 11%, while Oracle lost 9%.
The selling was broad across the sector. Of the 23 stocks tracked by PRISM’s AI Data Center and Infrastructure Index, 21 fell on Wednesday.
The average loss across the index was 7.46%.
Many AI infrastructure companies rely heavily on debt to build new data centers. Higher interest rates could raise their borrowing costs.
Bitcoin Miners Fall More Than 12%
The losses spread to Bitcoin miners. Several of these companies have also expanded into AI infrastructure.
TeraWulf led the decline among miners, falling 12.64%. Core Scientific dropped 12.44%, Cipher Mining fell 12.35% and IREN lost 12.2%.
Other miners also ended the day lower. Riot Platforms, Bitdeer Technologies, MARA and CleanSpark all posted losses.
Bitcoin itself came under pressure as well. The price dipped below $82,000 as high oil prices pushed inflation higher.
US consumer prices rose 3.7% in September compared with a year earlier. Economists had expected a 3.6% increase.
The figure is well above the Federal Reserve’s 2% target. Higher gasoline prices linked to the war in the Middle East were the main cause.
The report raised expectations that the Fed could raise interest rates in October. The implied probability of a hike briefly passed 50% on Wednesday before falling back.
San Francisco Federal Reserve President Mary Daly offered a more patient view. She told Reuters that further rate hikes are likely needed to bring inflation under control, but there is no urgency to act this month.
“I don’t feel urgent that we have to decide with a limited set of information. I think we have the time that we need,” Daly said.
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions: - SNDK: ~15,800 shares, position value ~$21.28 million - NVDA: ~88,500 shares, position value ~$19.41 million - MU: ~10,400 shares, position value ~$9.13 million - ORCL: ~41,900 shares, position value ~$5.39 million - PLTR: ~23,000 shares, position value ~$4.56 million - CRWV: ~34,300 shares, position value ~$2.19 million
4 minutes ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
4 minutes ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
4 minutes ago
StandX Co-founder: In addition to airdrops, he will use personal funds to give back to the community.
StandX co-founder AG announced in a post that the protocol has decided to scrap its planned Token Generation Event (TGE). He noted that despite hitting a peak Total Value Locked (TVL) of $200 million without external VC funding, the team ultimately failed to achieve its goal of becoming one of the top three perpetual contract decentralized exchanges (DEXs). AG added that while the project’s current fundamentals would still support a token launch, relying primarily on short-term speculation to drive the token’s listing without delivering sustainable long-term value would ultimately shift costs to users and the community—something he called both irresponsible and against his personal values. Most of the protocol’s prior revenue has already been returned to users via SIP-2 and SIP-3 subsidies; for this airdrop, in addition to using remaining project treasury funds, he will also contribute personally to give back to the community as much as possible. AG also emphasized that all user funds are safe, and DUSD is fully collateralized. StandX will wind down operations in an orderly manner and will release specific arrangements for fund withdrawals, the airdrop, and service termination.
4 minutes ago
Japanese and South Korean stock markets both slumped and closed lower, as South Korea's financial regulatory authorities convened an emergency meeting.
According to Bitget market data, the Nikkei 225 index closed 3,318.34 points lower on Thursday, October 15, down 4.90% to 64,425.95 points. South Korea’s KOSPI index fell 454.54 points on the same day, a 7.56% drop, ending at 5,554.27 points. The benchmark index once plunged more than 9% intraday, triggering a circuit breaker for the 10th time this year. South Korea’s financial regulators convened an emergency meeting on the stock market in the afternoon, after which the market’s decline narrowed. SK Hynix closed down 11.06%, while Samsung Electronics fell 9.48%.
4 minutes ago
South Korean regulators will take firm action against market-disrupting activities.
South Korea’s regulatory authority has stated it will take stern measures to respond to market-disrupting acts, and will stand ready to activate emergency plans if necessary.
Bitcoin fell below $81,000 after hotter-than-expected U.S. inflation data revived concerns that the Federal Reserve could raise interest rates in October.Markets pared the odds of an October rate increase to about 26% to 30% after initially pricing in a nearly 50% chance following the inflation report.Fragile institutional demand, including $150.5 million in U.S. spot bitcoin ETF outflows on Oct. 14, and broader economic uncertainty are weighing on liquidity and risk appetite.Bitcoin BTC$81,211.60 and global stocks are under pressure as Wednesday’s U.S. inflation data revived concerns that the Federal Reserve could raise interest rates this month.
The largest cryptocurrency by market value is trading 1% lower since midnight UTC. Prices dipped close to $80,000 in early Asian trading before briefly rebounding to about $81,500, but that recovery has since stalled near $81,000, CoinDesk data show. Prices are down more than 2% in the past 24 hours.
Tokens such as ether ETH$2,364.06, XRP (XRP), solana (SOL) are down 3.5% to 4%. PYTH is the only top-100 cryptocurrency still up more than 7%.
Traditional markets have also turned risk-averse. Nasdaq futures were down 1% at press time, extending Wednesday’s 2% decline, while South Korea’s KOSPI plunged 8% and triggered circuit breakers.
Data released Wednesday showed consumer prices rose 3.7% in the 12 months through September, up from 3.4% in August and above economists’ expectations. Core CPI, which excludes food and energy, climbed 2.6%, accelerating from 2.4% the previous month.
Markets have quickly repriced the odds of a Fed move. On prediction platform Polymarket, the probability of an October rate hike briefly spiked to nearly 50% after the CPI release before easing to about 30%. CME’s FedWatch tool showed a similar pattern: odds initially jumped to almost 47% from roughly 22%, before retreating to 26% as of writing.
“Stronger U.S. inflation data has renewed concerns that interest rates will stay higher for longer,” said Vikram Subburaj, CEO of India-based exchange Giottus. “September inflation rose to 3.7% annually, increasing uncertainty over the Federal Reserve’s next move. Institutional demand also remains fragile. U.S. spot Bitcoin ETFs recorded $150.5 million in outflows on October 14, reversing the previous day’s $175.7 million inflow.”
Market-making firm STS Digital said the uncertainty could weigh on liquidity across markets.
“With the next FOMC a coin flip, this uncertainty is damaging liquidity and dampening risk appetite across all asset classes,” the firm’s Anderson told CoinDesk in an email.
Still, Anderson thinks the Fed will hold interest rates steady this month, which is consistent with the over 70% probability of a status quo decision priced by the CME Fed funds futures as of this writing.
“Despite recent optimism in digital assets, tokens now look increasingly sensitive to macro factors, with energy shocks, fixed-income volatility and AI valuations weighing on sentiment,” he added.
Government Bitcoin [BTC] holdings have declined in 2026, falling from 647,231 BTC at the beginning of the year to 645,596 BTC – a reduction of 1,635 BTC. In this, Bhutan recorded the sharpest decline, with its tracked holdings dropping 91% from 5,984 BTC to 518 BTC.
Meanwhile, Kazakhstan and El Salvador are the only governments to have increased their holdings, with Kazakhstan holding an estimated 3,544 BTC and El Salvador adding 287 BTC.
Despite the overall decline, the U.S. remains the largest government Bitcoin holder with 328,372 BTC, followed by China with 190,000 BTC and the U.K. with 61,245 BTC.
Whereas, Ukraine’s officials reportedly hold 46,351 BTC, placing it fourth, while El Salvador ranks fifth with 7,803 BTC. However, the decline in tracked holdings does not necessarily mean all the missing Bitcoin was sold, as some assets may have been transferred to wallets that are not tracked.
Just like a recent report from AMBCrypto, which highlighted that the U.S. government transferred 833.6 BTC worth $71.6 million to Coinbase Prime on the 7th of October.
The Bitcoin imbalance This comes as the U.S. institutional investors also appear to be facing stronger selling pressure. The Coinbase Premium Index, which remained deeply negative, indicated that Bitcoin is trading at a lower price on Coinbase than on Binance.
In layman’s language, such a drop signals weaker demand among U.S.-based investors compared with Binance participants, although they do not directly confirm institutional selling.
Source: CryptoQuant All this comes amidst a concerning broader economic environment, which is also weighing on the bearish sentiment. For instance, rising bond yields make fixed-income investments more attractive, while persistent inflation and geopolitical conflicts add uncertainty.
Meanwhile, a stronger U.S. dollar can tighten financial conditions and reduce investors’ appetite for riskier assets such as Bitcoin. For Bitcoin, this creates a challenging near-term outlook.
Therefore, if institutional selling continues while liquidity remains tight, BTC could struggle to recover or face further downside pressure.
On-chain metrics tell a different story This comes as the price of Bitcoin was trading at $83,168.42 at press time after a modest drop. Meanwhile, the RSI indicator moving below the neutral level suggests that the bears have overtaken the bulls.
Moreover, the narrowing and parallel running Bollinger Bands suggest that the current momentum might continue to stay.
Source: Tarding View On the other hand, the Bitcoin spot ETF has also seen $278.37 million in net outflows so far in October, following strong inflows of $2.65 billion in September.
But not everything is bleak, yet. As Bitcoin’s Net Unrealized Profit/Loss (NUPL) has recovered significantly in October 2026, rising to approximately 0.351.
Source: CryptoQuant This indicates that Bitcoin holders are sitting on substantial unrealized profits, suggesting improved market sentiment compared with the June–July period, when NUPL fell close to 0.10.
Final Summary While the Bhutan government has seen a drop in its Bitcoin holdings, Kazakhstan and El Salvador are the only governments to have increased their holdings. Bitcoin spot ETFs have seen $278.37 million in net outflows so far in October, following strong inflows of $2.65 billion in September.
Binance will close its bitcoin mining pool and related services on Nov. 10, giving miners about four weeks to move their computing power elsewhere.Binance Pool’s computing power has fallen about 65% since December, to roughly 9.2 exahashes per second, or less than 1% of Bitcoin’s network.The closure follows other industry exits and could further concentrate block production among Foundry USA, AntPool and F2Pool, which together control about 64% of the network’s computing power.Crypto exchange Binance is shutting the bitcoin mining pool it launched in April 2020, with the computing power directed at the service down nearly two-thirds from the end of last year.
Binance Pool had an estimated 26 exahashes per second, or 2.3% of Bitcoin’s network, in December, according to Hashrate Index. Its latest table puts the pool at about 9.2 EH/s, under 1% and ranking 11th. That works out to a decline of roughly 65%.
One exahash per second is a quintillion guesses every second at the puzzle that earns a bitcoin block. A mining pool combines work from many machines so their owners receive regular payments instead of waiting to find a block alone.
Binance used a payout model known as full pay-per-share, or FPPS, paying miners for their work and taking on the risk that the pool found fewer blocks than expected.
The exchange said earlier this week that Binance Pool, Pool Savings, Cloud Mining, its transaction accelerator and related services will close at 7 a.m. UTC on Nov. 10, citing an ongoing review of its products and services. It gave no financial explanation for the decision.
Miners have about four weeks to direct their machines elsewhere. After the cutoff, Binance will stop crediting mining shares, the records of work used to calculate payouts. Pool Savings users must redeem their positions, while anyone awaiting a final payout should complete required identity checks by 11:59 p.m. UTC that day.
Pool pages will disappear permanently on Nov. 24, giving customers another two weeks to download records and check payout status.
Four years ago, Binance was offering to finance miners’ expansion. In October 2022, it announced a $500 million lending program through the pool, offering secured loans for 18 to 24 months at interest rates of 5% to 10%. The closure notice does not address that program or disclose any outstanding loan balance.
Fewer pools to choose fromBinance follows SBI Crypto, which shut its pool on July 31 after accounting for roughly 2% of Bitcoin’s computing power. Crypto exchange OKX ended its mining pool services in February 2024.
Hashrate Index’s December report described Binance Pool as the last surviving pool from the period when exchanges expanded into mining.
Read More: SBI Crypto to shut down mining pool that holds roughly 2% of Bitcoin’s hashrate
Poolin, once the largest pool with nearly a fifth of global hashrate, also filed for bankruptcy in July owing about $173 million. Its troubles involved frozen wallet funds and stalled Texas mining sites, and its pool share had already been near zero for years.
The largest pools now account for a greater share of block production. Foundry USA, AntPool and F2Pool together represented about 64.2% in Hashrate Index’s latest table. December’s three largest held 61.4%, with ViaBTC occupying third place instead of F2Pool.
Traditional pool operators choose which transactions their participating machines work to confirm. Closing pools therefore narrow miners’ choice of providers in a business that influences which bitcoin payments get included in blocks. Miners can redirect their machines to smaller providers, however, and pool shares do not establish ownership of the hardware.
If all of Binance’s remaining computing power moves to the three largest pools, their combined share would reach roughly 65%, assuming the rest of the network stays unchanged. Binance has not identified where its remaining miners will go.
US stock markets experienced their steepest decline since July on Wednesday as inflation data surpassed expectations, hitting technology and artificial intelligence infrastructure companies particularly hard. Bitcoin mining firms also faced significant drops alongside the broader tech sector.
Major tech and AI infrastructure stocks slideThe S&P 500 index fell 1.1%, recording its largest single-day loss since July 29. The Nasdaq Composite lost 1.9%, marking its most significant decrease since July 23. Meanwhile, the Dow Jones Industrial Average slipped 0.1% over the same period.
Among tech firms, data center operator CoreWeave suffered a 16% loss, while Nebius, an AI infrastructure provider, dropped by 11%. Oracle also saw its shares fall by 9% during the session.
Analysis from PRISM’s AI Data Center and Infrastructure Index, a benchmark tracking 23 prominent companies in the sector, showed that 21 of these stocks declined on Wednesday. The average drop across this group reached 7.46%.
Mini dictionary: PRISM’s AI Data Center and Infrastructure Index, a market index tracking the performance of leading technology companies involved in the development and operation of AI-focused data centers and supporting infrastructure.
The downturn in tech equities also impacted several companies that straddle cryptocurrency mining and AI services. TeraWulf fell by 12.64%, while Core Scientific lost 12.44%, Cipher Mining dropped 12.35%, and IREN decreased by 12.2%. Riot Platforms, Bitdeer Technologies, Marathon Digital Holdings (MARA), and CleanSpark reported declines as well.
CompanyDaily Change (%)CoreWeave-16.0Nebius-11.0Oracle-9.0TeraWulf-12.64Core Scientific-12.44Cipher Mining-12.35IREN-12.2Higher rates pressure tech and crypto mining firmsRising interest rates are posing additional challenges for AI infrastructure companies, many of which depend on substantial borrowing to fund their expansion and data center development.
US consumer prices rose 3.7% year-on-year in September, outpacing economists’ forecasts of 3.6% and remaining above the Federal Reserve’s 2% inflation target. Analysts attributed part of the surge to elevated gasoline prices, which have been linked to unrest in the Middle East.
In response to the higher-than-expected inflation print, market participants briefly saw the implied probability of an October interest rate hike from the Federal Reserve rise above 50% before it later declined.
Fed signals caution despite inflation spikeMary Daly, President of the Federal Reserve Bank of San Francisco, indicated that although further rate increases could be necessary to manage inflation, policymakers should not rush their decisions.
“I don’t feel urgent that we have to decide with a limited set of information. I think we have the time that we need,” Daly stated.
Despite mounting expectations, Daly emphasized that the central bank is prepared to take more time to assess incoming data before committing to additional policy tightening.
Bitcoin Bitcoin BTC-2.70% remained under selling pressure during Asian trading hours on Thursday, dropping below $81,000 alongside a broad decline in regional equities.
The world's largest cryptocurrency fell 3.6% over the past 24 hours to $80,764 as of 11:50 p.m. ET Wednesday, while ether Ethereum ETH-5.41% dropped 6.5% to $2,353, according to The Block's crypto price page.
Zcash saw the biggest loss among the top 10 cryptocurrencies, trading down 12.8% at $1,101. Solana lost 4.8%, while XRP slid 4.7%.
Asian equities also tumbled on Thursday. South Korea's Kospi slid 8% in the morning session, leading regional losses as chipmakers Samsung Electronics and SK Hynix both fell over 9%. Japan's Nikkei 225 declined 5.2%.
The sell-off across crypto and equity markets followed overnight losses on Wall Street after the latest U.S. inflation data showed core CPI rising more than expected, fueling concerns over the Fed's interest rate outlook.
Price Performance (The Block)Dominick John, analyst at Zeus Research, told The Block that the declines in Asian equities and crypto likely reflected a broader risk-off move, "with weakness in U.S. tech stocks spilling into both markets rather than one directly causing the other."
"U.S. inflation rising to 3.7%, above expectations, reignited fears that interest rates will stay higher for longer, putting pressure on risk assets," said John.
Meanwhile, crypto liquidations reached $951.4 million over the past 24 hours, including $876.3 million in long positions, according to CoinGlass data.
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 US government owns a lot of Bitcoin. Before it buys any more, it wants to make sure it knows exactly where all of it is.
On October 14, 2026, Patrick Witt, executive director of the President’s Council of Advisers on Digital Assets, said the White House is focused first on safeguarding and accounting for its existing Bitcoin. Adding to the Strategic Bitcoin Reserve comes later, if at all.
Anyone hoping Washington was about to start buying will have to keep waiting. Witt said no specific purchase strategies have been set. He also pointed to no imminent policy changes and no announced timelines.
Counting the coins before adding more As of early October 2026, the government’s Bitcoin holdings were estimated at between 319,000 and 328,000 BTC.
At market prices of $82,000 to $83,000 per Bitcoin, that stash is worth approximately $26 to $28 billion.
The coins have also been on the move recently. More than $1 billion worth of Bitcoin was reportedly transferred in early October, with significant amounts landing in Coinbase Prime addresses.
The movements point to consolidated custody rather than liquidation. The coins are being gathered into institutional-grade storage, not lined up at the exit.
Most of the government’s Bitcoin came from forfeitures tied to the Silk Road and Bitfinex hack cases.
How the reserve got here The Strategic Bitcoin Reserve was created by executive order on March 6, 2025. It is capitalized exclusively with forfeited Bitcoin, meaning the government has not spent money to fill it.
That order marked a real break from past practice. For years, the government auctioned off seized Bitcoin. The current policy replaces that with strategic holding, and the deposited Bitcoin is not supposed to be sold.
There is also a fiscal constraint baked into the plan. Any acquisition strategy must remain budget-neutral, and no new costs to taxpayers are allowed.
So far, no budget-neutral acquisition approach has moved past the discussion stage. No purchases have occurred, and none have been spelled out in detail.
What this means for the market For traders, the near-term read is fairly simple. The government is neither buying nor selling right now, which removes a potential source of sudden supply or demand shocks.
A holder sitting on an estimated 319,000 to 328,000 BTC that commits to not selling takes one large overhang off the table.
The flip side is that the buy-side narrative stays on ice. Some market participants had framed the reserve as a future source of steady government demand. Witt’s comments push that scenario further into the undefined future.
The key things to watch now are concrete. First, whether the administration publishes a formal accounting of its holdings, which would replace estimates with official figures.
Second, further on-chain movements from government addresses. Consolidation into custody fits the current story; anything that looks like transfers to sale venues would contradict it.
Third, any progress on a budget-neutral acquisition plan. Until one advances beyond discussion, the Strategic Bitcoin Reserve remains a holding operation for seized coins rather than an active buyer.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Bitcoin is holding onto part of its +40% gains in the summer, and Strategy founder Michael Saylor is confident the bull market run is still on.
In an interview with Bloomberg, Saylor noted that prior bearish catalysts might now be turning into tailwinds.
We’re at the beginning of the bull market. The headwinds were restrictive trade, foreign, and monetary policies. Now, we’re rotating to some tailwinds. We’ve got a favorable regulatory environment, banking adoption, tokenized securities, and digital credit networks are accelerating.
Bitcoin’s price surged by 51% from July’s lows of $57.8K to over $87K. However, it has remained sideways between $80K and $87K in the first half of October. In the past four days, for instance, it has remained below $84K ahead of key macro events.
When asked if the AI trade will starve Bitcoin of capital, Saylor claimed that it will do the opposite. According to him, when the AI trade is over, capital will rotate to scarce assets such as real estate, gold, and Bitcoin.
Strategy holdings hit a record 848.25K BTC After a recent $21M purchase, Strategy increased its holdings to 848,250 BTC (worth $70B), just above its previous all-time high of 847.36K BTC.
While the buying spree may be back after the firm sold part of its holdings in the summer, the pace has been way lower compared to its expenditure on STRC buybacks. In fact, research firm Ecoinometrics best described it as a “slowdown.”
In the same week, it spent about $192M buying back its preferred shares, almost 9x what it spent on Bitcoin. A sign of regime change, but not much of a bid. If the biggest corporate buyer is slowing down, who picks up the slack?
So far, Bitcoin’s overall demand has gone from deep negatives in late September to neutral in mid-October. If the Spot U.S BTC ETF complex and Strategy bids more, the asset could defend $80K and attempt to eye $87K again.
Source: CryptoQuant However, whether the demand flips positive and helps BTC depends on how the market will digest Wednesday’s inflation (CPI) data and reprice the late October Fed rate decision.
As it stands, Saylor plans to issue more preferred stocks or so-called digital credit (including STRC) during the bull run. He believes that BTC could hit six figures again above $100K. Whether the proceeds will be used for more BTC buys remains to be seen.
Final Summary Michael Saylor claimed that the market is in an “early bull market” and could hit over $100K. Strategy’s stash hit a record high of 848.25K BTC, but the buying spree may be slowing down.
Peter Schiff, CEO of Euro Pacific Capital, issued a new warning to Bitcoin (BTC) investors. Schiff argued that a sharp decline in financial markets is possible and advised investors to sell Bitcoin and invest in gold.
Speaking on social media platform X, Schiff stated that he did not understand why the price of Bitcoin had not fallen further despite the current economic and political conditions.
Schiff stated in his post, “I really don’t understand why the Bitcoin price hasn’t fallen. The likelihood of Democrats gaining control of Congress is increasing. With inflation and bond yields rising, there are signs that the asset bubble is about to burst. The Bitcoin price should have been much lower by now.”
According to Schiff, political developments in the US, rising inflation, and bond yields are among the factors that could put pressure on risky assets. The renowned investor believes these conditions could lead to a broader correction in financial markets.
Schiff, in particular, highlighted the potential impact of rising bond yields on asset prices and expressed doubts about the sustainability of the current market outlook.
Schiff, known for his criticisms of Bitcoin, considers gold a long-term store of value. In his latest statement, he reiterated his view that people should invest in gold instead of Bitcoin.
Schiff’s assessments are based on the belief that Bitcoin’s current price levels do not adequately reflect economic risks. However, these statements reflect the investor’s personal market expectations.
Bitcoin’s future price movements will depend on global economic conditions, investor demand, and developments in financial markets. Whether the sharp decline predicted by Schiff will materialize remains uncertain.
*This is not investment advice.
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15 October 2026 | 09:21 Crypto losses deepened on Thursday morning, with Bitcoin trading around $80,500 as uncertainty over the Federal Reserve’s next interest-rate decision weighed on markets.
The decline follows US inflation rising to a higher-than-expected 3.7%. Stronger inflation can make the Fed more reluctant to lower rates, weakening expectations for cheaper borrowing and easier financial conditions. That can reduce appetite for speculative assets, including crypto.
Bitcoin’s chart has deteriorated alongside that backdrop. Price has moved below its ascending channel, the 50-day simple moving average and a Fibonacci level that had provided a nearby support reference. A rebound now faces those lost levels before it can rebuild the previous rising structure.
Bitcoin daily BTC/USD chart for October 15 Bitcoin loses the support area above $81,000 BTC traded near $80,488, down approximately 1.37% on the open October 15 daily candle. Its intraday low near $80,220 brought it within roughly $220 of $80,000, although the round-number level had not yet been reached.
The decline took price beneath the 50-day SMA near $81,196 and the 23.6% Fibonacci retracement near $81,422. Those two references are only about $226 apart, making $81,200-$81,400 the first recovery area to watch.
The break below the rising channel adds a separate concern. Within an ascending channel, pullbacks can remain consistent with an uptrend when they find support along the lower boundary. Bitcoin is now trading beneath that boundary, weakening the pattern that had framed its recent advance.
These losses do not establish that every rebound will fail. They do mean that a move back above $81,000 alone would leave work unfinished: Bitcoin would still need to recover the moving average, the Fibonacci level and the channel boundary. The boundary rises over time, so its position must be assessed separately from the fixed $81,422 retracement.
$80,000 is close, but $77,740 is the next Fibonacci reference The immediate focus is whether buyers respond as Bitcoin approaches $80,000. Round numbers can attract attention and trading activity, but the figure alone does not establish a strong support floor. A brief move beneath it followed by a recovery would also carry a different message from sustained trading below it.
The Fibonacci grid measures the advance from $62,150 to $87,370. Below the current price, its next retracement is the 38.2% level near $77,740 – approximately 3.4% beneath $80,488.
A daily close below $80,000, followed by an unsuccessful attempt to recover it, would strengthen the case for a deeper pullback toward that level. It would not guarantee an immediate move there; the response to the break would show whether selling was continuing or buyers were absorbing it.
Momentum currently favours the weaker side of that setup. Daily relative strength index, or RSI, is near 43.2, below its neutral midpoint of 50 and its smoothing line near 54.9. That is consistent with fading upward momentum, although it does not measure how far the decline could extend.
A deeper correction would reach several distinct levels Below $77,740, the 50% retracement sits near $74,765. The 100-day SMA is lower, around $73,630, followed by the 200-day SMA near $72,277 and the 61.8% retracement near $71,790.
These references span almost $3,000. They should not be treated as one confirmed demand zone or described as a pool of liquidity without order-book or trading evidence. Their value is in separating the stages of a deeper correction: first the midpoint of the measured rally, then the longer-term moving averages and the lower retracement.
The moving averages also change with each session. If Bitcoin reaches them later, their readings may differ from the current figures.
A recovery needs to hold above $81,400 For buyers, the first task is to regain the $81,200-$81,400 area. A daily close above $81,420 would recover both the Fibonacci level and the current 50-day average, improving the short-term setup.
The next pullback would then matter. If the recovered area holds as support and price returns inside the ascending channel, the breakdown would look less convincing. A brief rebound above the level followed by another reversal would leave the weakness unresolved.
A sustained recovery could bring $84,000 back into view, with the $87,370 swing high further above. Regaining $81,422 alone would not establish a bear trap or guarantee a return to the peak; buyers would need to maintain the recovery through the intervening levels.
The inflation backdrop could complicate that effort. If traders continue to scale back expectations for rate cuts, Bitcoin may face pressure even after an initial bounce. For now, price is below its former support area and approaching $80,000, leaving buyers to establish a floor before the chart can show a durable recovery.
This article is provided for informational purposes only and does not constitute financial or investment advice. Technical levels and indicators are interpretive tools, not guarantees of future price movement.
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.
As the global cryptocurrency market cap gradually recovers to $2.91 trillion at press time following the recent drop, Ethereum [ETH] is quietly stealing the spotlight.
According to the latest data from Santiment, Ethereum is attracting strong bullish interest, while Bitcoin [BTC] and Ripple [XRP] traders are becoming increasingly cautious.
Source: Santiment
Ethereum outshines Bitcoin and XRP
The bullish-to-bearish comment chart, which measures how many positive comments an asset receives in comparison to negative ones, shows that Ethereum is currently at 2.05. This means that there are approximately two bullish comments for every bearish comment across X, Reddit, and Telegram for ETH.
At the same time, this also showed growing FOMO (fear of missing out), as traders became optimistic about ETH’s recovery above key support levels, staking demand, and upcoming network improvements.
This further coincided with AMBCrypot’s recent report, wherein Ethereum-led stablecoin market capitalization grew over the past week, adding $243.4 million.
Why are Bitcoin and XRP losing steam against Ethereum?
Bitcoin, meanwhile, has a bullish-to-bearish comment ratio of 0.82, meaning bearish comments outnumbered bullish ones. This might have happened because of repeated failures to break above $87,000, a subsequent decline toward $81,000, liquidations of leveraged long positions, and macroeconomic uncertainty that may have weakened market confidence.
Following a similar pattern to BTC, XRP too was sitting at a ratio of 0.92, indicating slightly more bearish than a bullish outlook. And this might be because of its decline of more than 9% over the past week and difficulty reclaiming the $1.40 level that might have added to the negative sentiment.
Is this a sign of an incoming altcoin season?
On the other hand, Spot Bitcoin and Ethereum are recording net outflows, while XRP continues to attract capital. According to SoSo value data, Bitcoin spot ETFs have seen $278.37 million in net outflows so far in October, following strong inflows of $2.65 billion in September.
Meanwhile, Ethereum spot ETFs have recorded even larger outflows of $695.35 million this month, reversing September’s $832.43 million in net inflows. In contrast, XRP spot ETFs have attracted $12.09 million in net inflows in October, following $121.40 million in September.
Source: SoSo Value
This somewhat gives a hint that the altcoin season might be incoming, which was further supported by the CoinGlass Altcoin Season Index, which stood at 64 as of writing.
Source: Coinglass
In other words, the market is leaning toward altcoin season but has not yet entered the official altcoin season threshold, typically set at 75. However, with Bitcoin’s market dominance standing at 60.39%, up 0.04% over the past 24 hours, Bitcoin still has the upper hand.
Source: Trading View
Final Summary
The bullish-to-bearish comment of Ethereum was at 2.05, meaning two bullish comments for every bearish ones.
Meanwhile, Bitcoin was sitting at a ratio of 0.82, and XRP was sitting at a ratio of 0.92.
Bitcoin fiyatı, ABD enflasyon verilerinin ardından Federal Rezerv’in (Fed) faiz artırabileceğine yönelik endişelerle baskı altında kaldı. Asya piyasalarında 80.000 dolara yaklaşan Bitcoin, kısa süreli toparlanmanın ardından 81.000 dolar civarında işlem görürken kripto para piyasasında satış baskısı arttı. Küresel piyasalardaki riskten kaçış eğilimi ve faiz belirsizliği, Bitcoin yatırımcılarının odağını yeniden makroekonomik gelişmelere çevirdi.
Bitcoin, son 24 saatte yüzde 2’den fazla değer kaybederken gün içinde 80.000 dolar seviyesine yaklaştı. Ardından yaklaşık 81.500 dolara kadar toparlanan BTC, bu yükselişi sürdüremeyerek 81.000 dolar çevresinde baskıyla karşılaştı. Satış baskısının arkasındaki temel etkenlerden biri, ABD’de enflasyonun yeniden hızlanması oldu. Faizlerin uzun süre yüksek kalabileceği beklentisi, yatırımcıların Bitcoin gibi riskli varlıklara yönelik iştahını azaltıyor. Bu ortamda piyasa katılımcıları, Fed’in gelecek adımlarını ve Bitcoin fiyatının kritik destek seviyelerinde nasıl hareket edeceğini yakından takip ediyor.
İlginizi Çekebilir: NEAR Coin’de Sert Düşüş: Milyon Dolarlık Tasfiye!
Açıklanan verilere göre ABD’de tüketici fiyatları eylül ayında yıllık yüzde 3,7 arttı. Ağustos ayında yüzde 3,4 olan enflasyonun beklentilerin üzerine çıkması, Fed’in para politikasına ilişkin belirsizliği artırdı. Gıda ve enerji fiyatlarını dışarıda bırakan çekirdek enflasyon ise yüzde 2,6’ya yükseldi. Polymarket verilerinde ekim ayında faiz artırımı ihtimali, enflasyon açıklamasının ardından kısa süreliğine yüzde 50’ye yaklaşırken daha sonra yaklaşık yüzde 30’a geriledi. CME FedWatch verilerinde de benzer bir hareket görüldü. Bu gelişmeler, Bitcoin fiyatının yalnızca kripto para piyasasındaki dinamiklere değil, ABD ekonomisinden gelen verilere de duyarlı olduğunu ortaya koyuyor.
Bitcoin ve Küresel Piyasalarda Risk İştahı Azalıyor Bitcoin’deki düşüş, diğer finansal piyasalardaki satışlarla aynı döneme denk geldi. Nasdaq vadeli işlemleri gerilerken Güney Kore’nin KOSPI endeksi yüzde 8 düşerek devre kesicilerin devreye girmesine neden oldu. Ether, XRP ve Solana gibi büyük kripto varlıklar da yüzde 3,5 ila yüzde 4 arasında değer kaybetti.
Hindistan merkezli Giottus borsasının CEO’su Vikram Subburaj, güçlü ABD enflasyon verilerinin faizlerin daha uzun süre yüksek kalacağı endişesini yeniden gündeme getirdiğini belirtti. Ayrıca ABD spot Bitcoin ETF’lerinden 14 Ekim’de 150,5 milyon dolarlık net çıkış yaşandığını, bunun önceki günkü 175,7 milyon dolarlık girişin ardından geldiğini ifade etti.
STS Digital’den Anderson da Fed kararına ilişkin belirsizliğin likiditeyi zayıflattığını ve risk iştahını düşürdüğünü söyledi. Bununla birlikte piyasa verileri, ekim ayında faizlerin sabit tutulması ihtimalinin hâlâ daha güçlü olduğuna işaret ediyor.
Yatırımcılar Neyi İzlemeli? Bitcoin fiyatının kısa vadeli yönü, Fed’in faiz politikası, ABD enflasyon verileri ve kurumsal yatırımcıların talebiyle yakından ilişkili olmaya devam ediyor. 80.000 dolar seviyesi, son fiyat hareketleri nedeniyle yatırımcıların takip ettiği önemli bölgelerden biri olarak öne çıkıyor. Ancak mevcut veriler, bu seviyenin kesin olarak korunacağını veya kırılacağını göstermiyor. Önümüzdeki dönemde enflasyonun seyri, faiz beklentileri ve spot Bitcoin ETF’lerinin fon hareketleri piyasanın yönünü belirleyebilir. Faiz indirimi beklentilerinin zayıflaması Bitcoin üzerinde baskı yaratabilirken para politikasına ilişkin belirsizliğin azalması risk iştahını destekleyebilir. Bu nedenle yatırımcıların yalnızca fiyat hareketlerini değil, makroekonomik gelişmeleri de birlikte değerlendirmesi önem taşıyor.
Son dakika kripto para haberleri için hemen tıkla
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According to Coinglass data, the global crypto market saw $486 million in liquidations over the past hour, including $465 million from long positions and $20.7 million from short positions. Liquidations related to Ethereum trading hit $201 million, while Bitcoin trading liquidations totaled $117 million.
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.
Arthur Hayes posted on social media that if AI trading eventually crashes, it could trigger a trillion-dollar-scale market bailout, a scenario that would drive up Bitcoin and Ethereum’s prices. “Will AI eventually crash? I don’t know, and I won’t bet on either side. Instead, just trade for that upcoming trillion-dollar-scale market bailout: go long on BTC and ETH.”
A whale sold 1,074.36 bitcoins (BTC) for $89.5 million in three days, then bought 36,159 Ethereum (ETH) for $90.6 million, according to Lookonchain on October 14, 2026. What does this transaction really hide?
In brief 1,074.36 BTC sold ($89.5 million) in three days by a whale, according to Lookonchain, October 14, 2026. 36,159 ETH bought ($90.6 million) by the same whale, an apparent ratio of 33.7 ETH for 1 BTC. Two detailed batches: 410.14 BTC during the night of October 11 to 12, then 229 BTC on October 12. 145 addresses grouped under the BTC-to-ETH Whale label by Arkham Intelligence. What is this Whale Doing by Selling Bitcoin to Buy Ether? It is replacing its bitcoin with ether, step by step. According to Lookonchain, a whale sold 1,074.36 BTC ($89.5 million) and bought 36,159 ETH ($90.6 million) over three days, as of October 14, 2026. The operations are done in batches. On the night of October 11 to 12, Lookonchain reported 410.14 BTC sold on Hyperliquid ($34.16 million), then 14,341 ethereum bought on decentralized platforms ($36.14 million). On October 12, 229 BTC ($19.1 million) were exchanged for 7,469.8 ETH ($19.1 million).
PeriodBTC soldETH boughtSourceNight of 10/11 to 10/12/2026410.14 BTC ($34.16 M)14,341 ETH ($36.14 M)Lookonchain10/12/2026229 BTC ($19.1 M)7,469.8 ETH ($19.1 M)LookonchainRemaining cumulative, not detailedabout 435 BTC ($36.2 M)about 14,348 ETH ($35.4 M)Cointribune CalculationCumulative over three days, as of 10/14/20261,074.36 BTC ($89.5 M)36,159 ETH ($90.6 M)LookonchainSource: Lookonchain posts on X (October 12 and 14, 2026) and on lookonchain.com, Arkham Intelligence data. Imagine a traveler exchanging euros for dollars at the airport: he hasn’t spent anything, he just changed currency. Here, this traveler handles millions. Arkham snapshots show exchanges in batches around $2 million in USDC. This split can limit the effect on the price, without guarantee that it is nil.
At what Price did the Whale Exchange its Bitcoin? At the market rate, according to our calculations. From one batch to another, it obtained between 32.6 and 35.0 ETH for each BTC sold. At the opening of October 13, the market was trading around 33.4 ETH per BTC, or $81,754 per bitcoin against $2,444 per ethereum, according to Yahoo Finance. That same day, ether opened down 3.6% on Monday, against 2.3% for bitcoin. The three-day period apparently includes this session, but Lookonchain does not specify when the whale bought.
No one knows who this whale is. Lookonchain talks about a mysterious whale without giving an identity, and the analysis platform Arkham Intelligence has made a labeled entity BTC-to-ETH Whale, grouping 145 addresses. Arkham tracks movements on the blockchain, reading addresses and amounts, never a name or ID. Lookonchain summarizes the situation in a message posted on X:
This mysterious whale continues shifting from $BTC to $ETH.
What do we Really Know About this Operation? We know what was exchanged, not why. The amounts come from Lookonchain and Arkham, two tools that read the blockchain without being able to identify the owner. The motive, the follow-up, and the identity remain unverified. A bitcoin sale followed by an ether purchase shows a changed exposure, not proven conviction. Among other things, rebalancing, trading or another position remain possible.
Especially since exchanging bitcoin for ether does not protect against a decline, as both remain risky assets. The movement of a single whale with $90 million as of October 14, 2026 proves nothing about the direction of the crypto market.
Without a new batch, this operation will simply be that of a whale exchanging bitcoin for ethereum. Except that right now, when the crypto market awaits inflation data and a Fed rate cut, this kind of operation could probably cause panic.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
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.
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions:
- SNDK: ~15,800 shares, position value ~$21.28 million
- NVDA: ~88,500 shares, position value ~$19.41 million
- MU: ~10,400 shares, position value ~$9.13 million
- ORCL: ~41,900 shares, position value ~$5.39 million
- PLTR: ~23,000 shares, position value ~$4.56 million
- CRWV: ~34,300 shares, position value ~$2.19 million
2 minutes ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
2 minutes ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
2 minutes ago
StandX Co-founder: In addition to airdrops, he will use personal funds to give back to the community.
StandX co-founder AG announced in a post that the protocol has decided to scrap its planned Token Generation Event (TGE). He noted that despite hitting a peak Total Value Locked (TVL) of $200 million without external VC funding, the team ultimately failed to achieve its goal of becoming one of the top three perpetual contract decentralized exchanges (DEXs).
AG added that while the project’s current fundamentals would still support a token launch, relying primarily on short-term speculation to drive the token’s listing without delivering sustainable long-term value would ultimately shift costs to users and the community—something he called both irresponsible and against his personal values.
Most of the protocol’s prior revenue has already been returned to users via SIP-2 and SIP-3 subsidies; for this airdrop, in addition to using remaining project treasury funds, he will also contribute personally to give back to the community as much as possible. AG also emphasized that all user funds are safe, and DUSD is fully collateralized. StandX will wind down operations in an orderly manner and will release specific arrangements for fund withdrawals, the airdrop, and service termination.
2 minutes ago
Japanese and South Korean stock markets both slumped and closed lower, as South Korea's financial regulatory authorities convened an emergency meeting.
According to Bitget market data, the Nikkei 225 index closed 3,318.34 points lower on Thursday, October 15, down 4.90% to 64,425.95 points. South Korea’s KOSPI index fell 454.54 points on the same day, a 7.56% drop, ending at 5,554.27 points. The benchmark index once plunged more than 9% intraday, triggering a circuit breaker for the 10th time this year. South Korea’s financial regulators convened an emergency meeting on the stock market in the afternoon, after which the market’s decline narrowed. SK Hynix closed down 11.06%, while Samsung Electronics fell 9.48%.
2 minutes ago
South Korean regulators will take firm action against market-disrupting activities.
South Korea’s regulatory authority has stated it will take stern measures to respond to market-disrupting acts, and will stand ready to activate emergency plans if necessary.
US spot Bitcoin ETFs posted $261.4 million in net outflows on October 14, according to daily tracking data from Farside Investors.
One fund broke from the pack. Bitwise’s BITB took in $2.2 million while the two largest products in the category bled cash.
Bitcoin’s funds weren’t the only ones hit. Spot Ethereum ETFs recorded $130 million in net outflows on the same day, so this was a broad retreat rather than a single-asset story.
Two heavyweights did most of the damage
Fidelity’s FBTC led the redemptions with $152.7 million heading out the door. BlackRock’s IBIT followed with $110.9 million in withdrawals.
Put those two together and you get $263.6 million. That is actually more than the net figure for the whole group.
The gap comes from BITB. Its $2.2 million inflow trimmed the combined FBTC and IBIT losses down to the $261.4 million total. The arithmetic suggests the rest of the field was roughly flat for the day.
Farside tracks net creations and redemptions across 12 US spot Bitcoin ETFs. On October 14, BITB was among the very few with a positive number.
October keeps changing its mind
The October 14 outflows land in a month that has swung hard in both directions.
On October 7, Bitcoin ETFs saw nearly $487 million pulled out, the standout withdrawal day of the month so far. Then on October 13, the same group of funds attracted $175.7 million in net inflows.
One day later, the money was leaving again.
That back-and-forth matters because ETF flows don’t stay on paper. When investors pour money in, the fund creates new shares and has to acquire Bitcoin to back them. When investors cash out, shares get redeemed, and that often means the fund sells some of its holdings.
So a day of $261.4 million in net redemptions can translate into actual selling pressure in the spot market.
A big pool with a choppy surface
US spot Bitcoin ETFs launched in January 2024 and quickly became a major on-ramp for institutional money.
Since launch, the products have gathered cumulative net inflows of more than $54 billion. Collectively, they hold assets worth approximately $100–107 billion as of mid-October.
Against that backdrop, a single $261.4 million outflow day is a modest dent. It represents well under 1% of total assets, even at the low end of that range.
Bitcoin itself has been trading in the low-to-mid $80,000 range during this stretch.
What this means for investors
The concentration of outflows in FBTC and IBIT is worth watching. These are the biggest funds by assets, so they naturally see the largest dollar moves in both directions. A heavy redemption day from them carries more weight for spot market supply than a similar percentage move in a smaller fund.
The Ethereum side deserves attention as well. A $130 million net outflow from spot Ether ETFs on the same day suggests the caution wasn’t confined to Bitcoin. When both major crypto ETF categories bleed simultaneously, it usually points to a broader risk-off mood rather than an asset-specific concern.
With more than $54 billion in cumulative net inflows since January 2024, the long-term structure of the Bitcoin ETF market looks intact. The short-term flows, however, show that even a $100 billion-plus asset base can move in noticeably different directions from one day to the next.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Leading cryptocurrencies sank alongside stocks on Wednesday as higher-than-expected consumer inflation raised rate hike odds.
Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:28 p.m. EDT)Bitcoin (CRYPTO: BTC)-1.90%$81,549.33
Ethereum (CRYPTO: ETH)
-3.30%$2,412.39XRP (CRYPTO: XRP) -2.90%$1.32Solana (CRYPTO: SOL) -2.40%$104.14Dogecoin (CRYPTO: DOGE) -3.30%$0.08143Crypto Market PressuredBitcoin dropped sharply from $83,000 into the low $81,000s, while Ethereum fell below $2,400.
Cryptocurrency-linked stocks also plummeted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 5.87% and 5.28%, respectively.
The cryptocurrency market saw over $450 million in liquidations in the last 24 hours, almost $400 million of those being bullish long bets, according to Coinglass data.
Bitcoin’s open interest spiked 1.41% over the last 24 hours. An increase in open interest, accompanied by a drop in the asset’s price, typically indicates that short sellers are actively entering the market and selling contracts.
Top Gainers (24 Hours)
CryptocurrencyGains +/-Price (Recorded at 9:28 p.m. EDT)Pyth Network (PYTH) +6.0% $0.08422Bitway (BTW) +3.50% $2.34Figure Heloc (FIGR_HELOC) +1.30% $1.04The global cryptocurrency market capitalization stood at $2.84 trillion, contracting by 2.20% in the last 24 hours.
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Stocks Drop After Hot Inflation ReportStocks extended the decline on Wednesday. The Dow Jones Industrial Average shed 48.62 points, or 0.09%, to close at 51,621.48. The S&P 500 slipped 1.11% to end at 7,718.94, while the Nasdaq Composite fell 1.88% to close at 26,692.87.
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Consumer Price Index rose from 3.4% to 3.7% year-over-year in September, above the 3.6% economists expected. Core CPI also came in above expectations at 2.6%.
Investors still assign a 75% probability that rates will remain unchanged in October, while the odds of a quarter-point cut in December stand at 66%, according to the CME FedWatch tool.
Bullish Mood IntactOn-chain analytics firm CryptoQuant reported that the majority of analysts are now bullish on Bitcoin, citing its Analyst Consensus Index.
“84% of 164 analysts are now bullish, up from 37% in July. That’s more than at the same stage of the 2023 bull market, after half the price gain,” the firm added.
Daan Crypto Trades, a widely followed trader and chartist, notes Bitcoin has been range-bound around a major horizontal support and resistance near $82,000 for roughly 50 days, with choppy intraday action
“This was a very choppy time period last quarter in July as well,” the analyst added. “We’ll see a decisive break and move again soon enough.”
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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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.
Yi Lihua: Expects the market to rebound quickly and kick off a new uptrend after bottoming out.
Yi Lihua, founder of Liquid Capital, stated that the only thing to focus on in the current market outlook is determining at what level to buy the dip. Citing the 2023 Bitcoin bull market as a reference, he believes Bitcoin will drop to a certain point before a sharp rebound kicks off a new uptrend, once again leaving many investors hesitant to buy the dip unable to enter the market in time.
8 minutes ago
TypeSafe has upgraded Jev to version 1.14: The tool can locate objects from images, and returns coordinates even when it fails to identify the target.
Beating AI News Flash: TypeSafe AI has released Jev 1.14, rolling out experimental visual capabilities for its fast-judgment model. Developers can use the model to detect if a person is present in a camera feed, or compare two photos to confirm if they show the same dog. The new Box localization feature can also locate specified objects in images, returning coordinates of rectangular regions to guide other programs on where to crop or perform operations.
TypeSafe CEO Diogo Almeida revealed that the older Jev 1.13 was already capable of processing images, but the team held back from launching this feature due to concerns about insufficient reliability in visual task accuracy. Both versions now support image input, with images usable directly as judgment conditions and options, though the Box localization feature is exclusive to Jev 1.14.
In experimental mode, the context limit per single request has been expanded from 64,000 tokens to around 262,000 tokens, quadrupling the original capacity. The new version also enhances overall judgment capabilities; the company notes the most notable improvement is in multilingual support, though it did not disclose specific metrics.
Jev 1.14 is currently available via `jev-preview`, with a planned rollout to the default stable version on October 21. However, TypeSafe explicitly warns that the visual and long-context features remain in the experimental phase and are not yet production-ready. Long context not only increases latency but may also reduce accuracy. Box localization also has a unique limitation: it will return coordinate boxes even if the specified object is not present in the image. As such, developers must additionally verify the existence of the target to prevent subsequent programs from operating on incorrect positions.
8 minutes ago
OKX's Oracle Season 3 kicks off, with a total prize pool of $250,000.
According to official announcements, OKX’s Season 3 of its Predictor program has officially launched, with a total prize pool of $250,000. This season focuses on hot topics during earnings season, featuring a season main leaderboard, regular weekly contests, and an independent weekly leaderboard dedicated to earnings season. Users can earn free XP by completing tasks, participate in predictions of real-world events like earnings season, and split corresponding rewards based on their activity rankings. XP can be obtained via Planet interactions, inviting friends, and completing designated ExchangeOS trading tasks, the platform noted. No registration is required; eligible users can participate through the "Planet" - "Outcomes" section in the OKX App.
8 minutes ago
Bitget PoolX: Locked ETH to Unlock 150,000 USDT Airdrop
Bitget PoolX is launching a new ETH lock-up campaign, where users who lock up ETH can participate in sharing a 150,000 USDT airdrop. The campaign runs from 15:00 (UTC+8) on October 15 to 15:00 (UTC+8) on October 20, with an individual lock-up cap of 1,500 ETH. This PoolX round supports a long-term holding bonus mechanism: the system will apply an additional 1x multiplier to the effective locked amount, calculated based on the user’s minimum ETH holding over the past 15 days.
8 minutes ago
DeepSeek has experienced 5 outages in half a month, with simultaneous disruptions affecting its website, mobile app, and API. The issues have not been resolved even after two and a half hours.
Beating AI Express News: On the morning of October 15, DeepSeek suffered another service outage. Its official status page shows the outage began at 08:11, affecting the web chat service, V4 Pro and V4.1 Flash APIs. DeepSeek announced at 09:08 that it had located the cause and was implementing repairs. However, as of 10:43, the outage had lasted over two and a half hours and remained unresolved. The official classified the incident severity as Full Outage, with no specific cause disclosed yet. This marks DeepSeek’s fifth service outage recorded since October. On October 2, web and API services were abnormal for 1 hour and 54 minutes. Two outages occurred on October 12, lasting 11 minutes and 15 minutes respectively. Compared with previous incidents, this outage has the longest duration.
8 minutes ago
Over the past hour, $486 million in liquidations have been recorded across the entire crypto network, with long positions being the main liquidation target.
According to Coinglass data, the global crypto market saw $486 million in liquidations over the past hour, including $465 million from long positions and $20.7 million from short positions. Liquidations related to Ethereum trading hit $201 million, while Bitcoin trading liquidations totaled $117 million.
Coinbase says a future BTC signature design should account for transaction fees, full-node validation costs and the limits of block space.
Coinbase, the custodian holding about 5% of all BTC, published a technical blog on October 13 outlining what it wants from Bitcoin’s move to quantum-resistant security.
Its central point is that choosing a new digital signature scheme is only one piece of the job, since any plan also has to fit Bitcoin’s scarce block space and work for custodians and everyday wallets.
Work to Begin Before Quantum Threat Is Certain In the blog post, the exchange said it is already preparing its own systems, convening talks with Bitcoin developers and backing open-source work through the Bitcoin Security Consortium.
The company pointed to P2MR, proposed in BIP-360, and P2TRv2 as possible output designs that could accommodate future post-quantum signature systems without requiring a complete redesign each time the cryptography changes.
It also proposed evaluating hybrid arrangements in which a wallet could spend funds through either a conventional ECDSA/Schnorr signature or a post-quantum key during the transition.
Coinbase raised particular concerns about stateful post-quantum signatures. Although these schemes can be smaller and faster than stateless alternatives, reusing signing state can make forgery possible. The company warned that recovering from failed updates or lost state could be difficult for exchanges running multiple signing servers, as well as individuals managing their own wallets.
Its suggested evaluation criteria include signature size, verification speed, transaction fees, full-node workload, hardware wallet compatibility, and multi-party computation, or MPC, which allows parties to produce signatures without relying on one complete private key held in a single place. Coinbase also named ML-DSA, the prospective FN-DSA standard, and SHRINCS as candidates for assessment.
You may also like: UK Judge Says Chinese Law Applies to Claims Over £4B Bitcoin Fraud Strive Adds 3,311 BTC in Another Massive Bitcoin Purchase UK Bitcoin Treasury Firm Smarter Web Closes £10M Share Offering Freeze Proposals and Exposure Estimates Frame the Debate Wallets that migrate late are the last open item. If Bitcoin eventually limits or ends ECDSA and Schnorr spending, Coinbase wondered whether and how those users could move funds afterward.
The issue is already being considered, with BIP-361, fronted by Jameson Lopp and five other developers, proposing to first restrict sending to quantum-vulnerable addresses and later stop old-style signatures from spending, with an unconfirmed third phase that might let people recover funds after a missed deadline.
The plan has drawn objections that protocol-level freezes cut against censorship resistance and self-responsibility for funds. But in April, BitMEX Research floated a “canary” alternative, where a freeze would trigger only if funds leave a special address whose private key nobody knows, since such a spend would prove a quantum computer exists.
Two weeks ago, I warned that Bitcoin was approaching the $87,000 area, but that there was a high probability of a correction toward $80,000 before another attempt to break through higher resistance levels. For that reason, after the previous bullish move, I decided to position myself in the opposite direction, opening a short position around $86,000 with a clear target at $80,000. The market went on to make precisely that move. Bitcoin corrected to $80,000, approaching the 50-day exponential moving average (EMA 50), an important technical area within the current structure. Once my target was reached, I closed the entire short position, secured the profits, and used that same price level to increase my spot Bitcoin holding.
What Can We Expect From Bitcoin Now? My main scenario remains bullish. Despite the recent correction, Bitcoin continues to show an upward trend structure on the daily timeframe, as the chart illustrates.
I consider it quite possible that Bitcoin will make another attempt to break through resistance between $87,000 and $88,000.
If Bitcoin manages to break that zone and consolidate above it, the next target I am watching is the $92,000–$94,000 area.
The key will be how price behaves when it returns to $86,000–$89,000. This time, I expect to see accumulation and buying demand rather than distribution, allowing a former resistance area to turn into support.
BTC/USD daily chart (TradingView, supplied chart). Bitcoin ETF flows are another factor worth monitoring. Although late September included several sessions of positive inflows, October has also brought significant outflows.
On 7 and 8 October in particular, net outflows were approximately $484.9 million and $244.1 million, respectively.
These moves show that institutional demand has not been consistent and that some selling pressure remains. However, I believe it is important to assess these figures alongside Bitcoin’s technical price structure rather than treating two negative sessions as automatic confirmation of a trend reversal.
Bitcoin ETF flows (US$ millions; supplied data). Conclusion The correction toward $80,000 that I anticipated has now taken place. I used the move both to close my bearish trade and to increase my exposure to Bitcoin.
My focus now turns to $87,000–$88,000. A breakout supported by demand, followed by consolidation above that area, would strengthen my bullish continuation scenario toward $92,000–$94,000.
For now, I continue to view this decline as a correction within an uptrend, not the beginning of a new bear market.
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CryptoCedric
Cedric Cerezo is a professional cryptocurrency trader, market analyst, mentor, and international speaker. Recognized for winning two world cryptocurrency trading competitions, he specializes in Bitcoin market structure, on-chain analysis, institutional capital flows, and trading psychology. His research combines technical analysis with macroeconomic and blockchain data to deliver high-conviction market insights for investors and industry professionals.
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.
Bitcoin has remained exposed to another inflation-driven selloff, analysts have warned, after an $811 million crypto liquidation wave left market-wide open interest down only about 2% at $140.9 billion in their pre-CPI assessment.
Summary
$140.9 billion in crypto open interest remained after the selloff, according to Bitget Research’s briefing. Nansen reported $175.7 million in Bitcoin ETF inflows on Oct. 13 after recent withdrawals. Bitget Wallet’s Lacie Zhang warned that sticky core inflation could challenge expectations for Fed policy. Zhang identified $81,000–$82,000 support and a sustained $84,500–$85,000 breakout as levels to watch. Ryan Lee, chief analyst at Bitget Research, warned in comments shared with crypto.news that the latest forced selling may have removed some vulnerable Bitcoin positions without fully clearing the leverage that could fuel another decline.
In the accompanying briefing, Bitget Research cited CoinGlass data showing $811 million in crypto liquidations during the 24 hours to Tuesday morning, with long positions accounting for most losses. The subsequent 24-hour total had eased to $140 million, while open interest remained at $140.9 billion.
“The latest liquidation wave has reduced leverage in Bitcoin, but it may not have fully reset market positioning.”
For Lee, elevated open interest after a selloff would suggest that substantial leveraged exposure remains ahead of the U.S. Consumer Price Index release. He warned that an inflation surprise could force another adjustment as traders reassess Treasury yields and Federal Reserve policy.
Bitcoin leverage could amplify an inflation surprise With the briefing placing the 10-year yield around 5.20%, Lee identified hotter-than-expected inflation as a possible trigger for another round of liquidations. His warning was conditional on the data and the amount of leverage still in place.
Lee also said the earlier liquidation wave may have cleared some of the positions most exposed to falling prices, potentially limiting subsequent selling pressure.
On the other side of the release, he said softer inflation could produce a sharp rebound if traders rebuild risk exposure and short positions come under pressure. His assessment therefore leaves room for forced position closures to accelerate a move in either direction.
A similar two-way scenario appeared in Oct. 12 coverage of Bitcoin’s CPI price scenarios, when BTSE Chief Operating Officer Jeff Mei said unexpectedly strong inflation could push Bitcoin below $80,000. A softer reading, Mei said, could support a recovery toward $86,000 or higher.
Core inflation could challenge expectations for a Fed pause Lacie Zhang, research lead at Bitget Wallet, identified persistent core inflation as the risk investors may be underestimating, particularly if energy spillovers, tariffs or sustained demand keep price pressures elevated.
In her pre-release assessment, Zhang put the probability of an October Fed hold near 77%. She warned that a hotter core reading or renewed pressure on Treasury yields could force a sharper repricing than markets currently anticipate.
According to Zhang, investors still largely expect one additional rate increase later this year, but persistent inflation could keep the Fed on a higher-for-longer path beyond that assumption.
Her forecast ranges placed headline CPI at approximately 0.5%–0.6% month-on-month and 3.6%–3.7% year-on-year. For core inflation, she cited expectations near 0.2% monthly and 2.4%–2.5% annually.
Pointing to consumer demand, Zhang cited retail sales excluding autos and gasoline rising 0.28% month-on-month and 4.05% year-on-year. She also referenced New York Fed President John Williams’ indication that further increases may not be necessary in 2027.
For U.S. investors holding Bitcoin through spot ETFs, Bitfinex analysts had already connected inflation readings to the December policy outlook. In an Oct. 6 report on slowing Bitcoin ETF buying, the team said softer core inflation would weaken the case for another increase, while firm spending and persistent core inflation would strengthen it.
ETF buying has recovered faster than on-chain demand Nicolai Sondergaard, senior research analyst at Nansen, described a recovery in Bitcoin ETF demand that has yet to receive clear support from the firm’s on-chain trading sample.
According to Sondergaard, Bitcoin ETFs attracted $175.7 million on Oct. 13, following $678.9 million in withdrawals during Oct. 5–9 and another $65.4 million outflow on Oct. 12.
The earlier selling included a large withdrawal from U.S.-listed funds. An Oct. 8 report documented Bitcoin ETF withdrawals of $484.9 million on Oct. 7, citing Farside Investors data. BlackRock’s IBIT lost $207.7 million, Fidelity’s FBTC shed $105.1 million, and ARK 21Shares’ ARKB recorded $101.7 million in redemptions.
Within Nansen’s latest Smart Trader sample, Sondergaard reported approximately $555,000 in Solana inflows and $22,000 in Ethereum inflows over 24 hours. Across seven days, however, both remained in net outflow.
For Bitcoin-linked wallets, he described mixed flows without a clear sign of widespread accumulation.
“ETF demand is recovering faster than on-chain conviction.”
Ahead of CPI, Sondergaard characterized the activity as “some selective positioning,” rather than a market-wide expression of confidence. He put annual consensus expectations at 3.6% for headline inflation and 2.5% for core CPI.
Bitcoin bulls need buying support above $84,500 In Zhang’s pre-CPI market assessment, Bitcoin traded around $83,400–$83,500, with initial support at $81,000–$82,000 and another downside reference near the recent $80,400 low.
Above that range, she placed resistance at $84,000–$84,500, followed by $85,000–$87,000. Zhang said bulls would regain clearer control through a sustained move above $84,500–$85,000 on solid trading volume, supported by renewed inflows.
For that bullish scenario, Zhang also wanted core inflation at or below approximately 0.2% month-on-month and easing expectations for further rate increases. Alongside the inflation reading, she identified December Fed expectations, ETF flows, and continued institutional accumulation as the main factors to monitor.
Bitcoin fell as much as 2.3% toward the lower end of its recent trading range, caught in a broader retreat from risk assets even as crypto analysts have turned sharply more bullish on the token.
The largest digital asset traded around $81,500. Crypto markets weakened as hotter inflation data and a renewed selloff in chipmakers hit appetite for speculative trades across markets. The Nasdaq 100 dropped as much as 2%, the dollar rose to its highest level since May 2025 and traders lifted bets on further Federal Reserve rate hikes after September consumer prices rose at the fastest pace since April.
The move cut against a sharp shift in crypto sentiment. A CryptoQuant report Wednesday showed Bitcoin’s 30-day analyst consensus index rising from minus 18.3 in July to plus 49.2, with the share of bullish analysts climbing to 84% from 37%.
“Global financial market conditions are pretty tough right now,” said Matt Hougan, chief investment officer at Bitwise Asset Management.
A little more than a year after a historic crypto market crash that wiped out a record $19 billion in leveraged bets in a single day, market bellwether Bitcoin remains more than 30% below its record high. Attempts at a sustained rally have repeatedly faltered and traders have been slow to rebuild the leveraged positions that once powered crypto’s biggest booms.
Read more: Crypto’s Leverage Machine Finds New Life Beyond Bitcoin Bets
High inflation, high energy prices “all of those restrict global monetary liquidity. And then you have mounting concerns about hyperscalers and AI, and that raising concerns about risk assets,” Hougan said. “But I think we put in a bottom in June, and we’ll probably end the year higher than where we are today.”
Strive, a Nasdaq-listed company specializing in corporate treasury management, has boosted its Bitcoin holdings with a new purchase of 2,822 BTC worth approximately $235 million. The acquisition, disclosed by CEO Matt Cole, took place between October 12 and October 13 at an average price of $83,266 per bitcoin.
Record-breaking Bitcoin reservesThis latest buy raised Strive’s total corporate Bitcoin stockpile to 35,595 BTC. With this figure, Strive overtook MARA Holdings, whose holdings stood at 35,577 BTC, securing fourth place among publicly listed companies with the largest Bitcoin reserves. The top three positions remain with Strategy (848,250 BTC), Metaplanet (44,000 BTC), and Twenty One Capital (43,514 BTC).
Just days before, Strive had completed another significant purchase, adding 3,311 BTC at an average price of $84,500, amounting to roughly $280 million. This prior acquisition raised the company’s reserves from 29,462 to 32,773 BTC.
Strive now holds 35,595 BTC in its treasury, topping MARA Holdings by 18 BTC and reaffirming its ongoing commitment to expand corporate crypto reserves.
In total, Strive acquired 6,133 BTC over the two most recent transactions, a combined outlay of around $515 million. The acquisitions, though occurring at different times, were announced on consecutive days, reflecting an 8.6% increase in Strive’s reserves.
Expansion of crypto treasuryEarlier in the year, Strive expanded its cryptocurrency assets by acquiring Semler Scientific. This move added approximately 5,048 BTC to Strive’s reserves. With the latest Bitcoin purchases, Strive’s treasury management strategy appears focused on maintaining long-term exposure to leading digital assets.
Strive’s corporate Bitcoin reserves now stand just ahead of MARA Holdings, but well below the leaders in this space.
CompanyBitcoin Holdings (BTC)Strategy848,250Metaplanet44,000Twenty One Capital43,514Strive35,595MARA Holdings35,577CEO Matt Cole previously mentioned the possibility for Strive to move up to the second position by year-end, but noted this was not his base-case expectation in September.
Financing and capital structureAlongside the new Bitcoin acquisition, Strive announced the exercise of 13,674,703 Class A common share warrants, resulting in gross proceeds of approximately $369.2 million. The exercise took place on October 12 and 13, with no outstanding traditional warrants remaining from the company’s latest private investment round.
The company noted that warrants allow the purchase of shares at predetermined prices, generating immediate cash inflow but also increasing the total number of shares in circulation.
Mini dictionary: Warrants are financial instruments that give holders the right, but not the obligation, to purchase company stock at a fixed price by a certain date. Companies often use warrants to raise capital and incentivize investors.
Strive has not disclosed what portion of the new proceeds funded the most recent Bitcoin acquisition, but maintains multiple financing channels including preferred stock and other equity offerings for its treasury operations.
Despite the aggressive accumulation, Strive’s shares came under pressure prior to the announcement. ASST stock closed at $27.59 on October 13, reflecting a decrease of 0.43%. The downward trend continued into pre-market trading on October 14, although there were no remarkable market reactions following the SEC filing.
Market performance and outlookFor the longer term, ASST stock has posted a strong performance, gaining approximately 87% year-to-date and more than 120% over the past three months, according to MarketBeat data.
Future Bitcoin acquisitions by Strive will depend on the company’s ongoing capital allocation strategies. Management has reaffirmed its approach of pairing treasury expansion with new financing options.
With continued BTC purchases and new capital inflows, Strive aims to remain a key player in the corporate crypto treasury sector while adapting its strategy to market dynamics.
Bitcoin faces growing resistance near $88,000 as exchange traded funds return to net selling and higher US inflation weighs on market sentiment, according to a new report from blockchain analytics firm Glassnode.
In its October 14 report, Glassnode identified the $80,000 to $81,500 range as a critical support zone, while investors who purchased Bitcoin over the past two years continue to create selling pressure above current prices.
The report comes as Bitcoin struggles to recover following September’s hotter than expected inflation data, which strengthened expectations of another Federal Reserve interest rate increase.
Despite these pressures, Glassnode said several onchain indicators suggest the market is entering an early recovery phase, with long term holders reducing their losses and Bitcoin trading above important valuation levels.
Bitcoin faces resistance at $88K as ETF outflows accelerate Glassnode identified two groups of investors holding Bitcoin above current prices.
Investors who purchased BTC between six and twelve months ago have an average cost basis near $88,000. Meanwhile, those who bought between one and two years ago have a cost basis around $100,000.
Both levels have rejected previous rallies this year. Bitcoin approached the first in January before falling more than 33%. It also tested the second in May before declining roughly 25%.
According to Glassnode, Bitcoin must recover $88,000 to overcome selling pressure from investors seeking to exit positions near their original purchase prices.
At the same time, institutional demand has weakened.
US spot Bitcoin ETFs attracted nearly $3 billion in net inflows between September 21 and October 6, marking their strongest buying period since November 2025.
However, that momentum reversed on October 7. The funds subsequently recorded approximately $760 million in net outflows, removing a major source of demand from the market.
Glassnode said a sustained return of ETF inflows would provide stronger confirmation that buyers are absorbing the selling pressure.
Bitcoin holds $80K support as long term holder losses decline Despite weakening ETF demand, Bitcoin continues to hold key support levels. The average cost basis of US spot Bitcoin ETFs stands near $81,500, a level Bitcoin briefly lost on October 8 and 13 before recovering.
Glassnode also identified significant buying orders around $80,000 on Binance, while the True Market Mean sits near $78,000. A break below $80,000 could trigger further liquidations, while a move toward $88,000 could force short sellers to close positions. However, sustained gains would require stronger spot demand.
Meanwhile, selling pressure from long term holders has eased. Their realized losses have fallen 85% since peaking on August 12.
At Bitcoin’s June low, roughly twelve coins were sold at a loss for every coin sold at a profit. That ratio has since reversed, with profitable sales outnumbering loss making sales by four to one.
Glassnode said the shift resembles previous market recoveries. Unlike the 2018 and 2022 bear markets, Bitcoin has also avoided closing below its Realized Price, the average acquisition cost of coins in circulation. Even at its June 30 low, Bitcoin remained about 10% above that level.
Hot inflation data adds pressure ahead of Fed decision The latest Glassnode assessment follows a stronger than expected US inflation report that raised concerns about further monetary tightening.
According to the Bureau of Labor Statistics, September’s Consumer Price Index increased 0.6% from the previous month and 3.7% annually, exceeding market forecasts.
Core inflation, which excludes food and energy, rose 0.3% monthly and 2.6% annually.
The figures increased expectations that the Federal Reserve could raise interest rates again after delivering a 25 basis point increase in September.
The next monetary policy decision is scheduled for October 28, followed by the US midterm elections on November 3.
Meanwhile, Glassnode also identified growing speculative activity across individual altcoins.
Its Altcoin Froth Indicator showed elevated leverage among individual tokens since late September, although marketwide speculative activity remained relatively subdued.
The divergence suggests that pockets of the altcoin market could face concentrated liquidations if Bitcoin loses its $80,000 support.
For Bitcoin, Glassnode identified two levels that could determine the next major move.
A sustained recovery above $88,000, supported by renewed ETF inflows, would suggest that buyers are absorbing overhead selling pressure.
However, a break below $80,000 could expose Bitcoin to further declines toward the True Market Mean near $78,000.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
MEXC CEO Vugar Usi Zade believes that Bitcoin is emerging from its bearish phase into a sustainable bull cycle, driven by growing institutional confidence and adoption.
The current market, according to Zade, differs greatly from the previous speculative cycles, with institutional adoption reinforcing Bitcoin’s foundation. He told AMBCrypto,
The cryptocurrency market has entered a sustainable bull trend, fundamentally different from the speculative cycles of previous years.
So, Bitcoin’s price is gradually transitioning out of its bearish cycle.
Besides, he noted BTC reporting a 32% price recovery over the last 90 days, despite sitting below its $126,000 all-time high reached on October 6, 2025.
According to Zade, Bitcoin could eventually reach $176,000, provided institutional demand remains elevated and wider economic conditions improve.
Bitcoin whales accumulate as exchange outflows deepen Bitcoin’s large holders continued moving considerable amounts of BTC, supporting the accumulation story highlighted by Zade.
In particular, Lookonchain reported on an X post that five new wallets received 1,162 BTC, worth roughly $96.77 million, from Wintermute within 12 hours.
Adding to the accumulation narrative, Bitcoin had recorded $116.14 million in weekly Spot net outflows at press time, reflecting more withdrawals than deposits across exchange platforms.
The weekly outflows implied reducing exchange-held supply, potentially limiting the amount of Bitcoin readily available for selling.
These developments notably echoed Zade’s remarks that larger investors were greatly in favor of long-term accumulation. He noted,
Furthermore, large Bitcoin holders have stopped selling, and coins are now flowing en masse into long-term accumulation wallets.
Source: Bitcoin Spot Netflows on CoinGlass ETF inflows surge as corporate Bitcoin holdings grow Aside from the accumulation narrative, participation around institutions also remained elevated across Bitcoin investment products.
Particularly, Bitcoin’s Spot ETFs recorded $175.69 million in daily net inflows at reporting time. The cumulative ETF net inflows hit $57.68 billion, while the total ETF assets stood at $109.03 billion.
Additionally, the daily ETF trading volume had reached $2.36 billion, suggesting improved activity across the regulated investment products.
Also noteworthy, the corporate accumulation remained significant, with 60 publicly traded companies collectively holding 1.27 million BTC, valued nearly $105.53 billion.
The most recent weekly accumulation totaled 3,341.07 BTC, worth approximately $288.94 million .
Notably, these developments correlated with Zade’s comments that institutional market players were becoming majorly influential in Bitcoin’s market structure.
Besides, the executive also identified $80,000 as a crucial institutional cost basis, arguing that established investors had reinforced that level as Bitcoin’s underlying support.
Source: BTC Public Companies Holdings on CoinGlass Final Summary MEXC CEO Vugar Usi Zade says Bitcoin has entered a sustainable bull cycle, with institutional adoption driving the shift.
Five new wallets received 1,162 BTC from Wintermute, Spot ETFs pulled in $175.69M in a day, and 60 public companies now hold 1.27 million BTC.
Michael Saylor believes that the cryptocurrency market is entering a new phase of growth, despite recent uncertainties. In an interview with Bloomberg Television, the Strategy executive states that bitcoin has probably reached its bottom below 60,000 dollars. He now anticipates a return above 100,000 dollars, without providing a specific timeline. His forecasts are based notably on the evolution of the regulatory framework, banking adoption, and the development of digital credit.
In brief
Michael Saylor believes that Bitcoin has reached its floor below 60,000 dollars.
The Strategy executive anticipates a return of Bitcoin above 100,000 dollars.
He forecasts an annual growth of 20 to 30% over the next twenty years.
Banking adoption, regulation, and digital credit support his bullish outlook.
Strategy now holds 848,250 BTC, while market uncertainties persist.
Michael Saylor believes that Bitcoin has reached its bottom
During his interview with Bloomberg Television, Michael Saylor said that the market touched a low slightly under 60,000 dollars. According to him, the price can now resume its upward movement.
We reached the low at a level slightly below 60,000 dollars. We will start again from there.
The executive chairman of Strategy describes the situation as the beginning of a new bull market. However, he has not set any deadline for a return above 100,000 dollars.
His vision takes place in a long-term perspective. Saylor forecasts annual growth of 20% to 30% over the next twenty years. He specifies that he is not seeking to profit from short-term price movements. This position reflects his investment strategy, which is based on prolonged holding of the digital asset. He therefore considers temporary fluctuations as part of the market cycle.
The executive attributes the previous weakness of the prices to trade policies, international tensions, and monetary decisions. Nevertheless, he believes that several factors now support a more favorable evolution. Among them are:
A favorable regulatory environment.
Accelerated adoption by banks.
Growth of tokenized securities.
Strengthening of digital credit networks.
These changes could, according to him, strengthen the links between traditional financial markets and digital assets.
Artificial intelligence strengthens its argument
Michael Saylor also relies on the development of artificial intelligence to explain the potential interest of rare digital assets. According to him, investors will increasingly look for resources that robots cannot reproduce at will. He places bitcoin in this category and presents it as the “king of commodities.” This analysis associates the scarcity of the asset with an evolution of investors’ needs in a rapidly transforming technological environment.
The executive also recalls that the price briefly fell below its 200-week moving average before rebounding. He highlights that the price then found a 25% premium relative to this indicator. This development is an important element of his analysis of the current cycle. However, by itself, it is not sufficient to confirm that the market has definitively reached its bottom.
Saylor also downplays the importance of U.S. election deadlines in long-term outlooks. He believes adoption will mainly depend on companies’ ability to offer useful and appreciated products. In his interview message, he describes bitcoin as a form of raw financial energy. He also presents Strategy as a company capable of transforming this resource into digital credit.
Strategy defends its structured finance model
The interview also addressed the bitcoin sales that Strategy made this year. The first sale of 32 BTC had triggered reactions among the company’s supporters. However, Saylor points out that subsequent sales involving several thousand units did not prevent the market from progressing. He thus wants to evolve the perception of Strategy, which he describes as a structured finance company.
According to this approach, the company can shift between stocks, cash, credit, and cryptocurrencies depending on market conditions. Saylor states that recent sales are not the core of his future strategy. He also believes that Strategy has probably purchased more bitcoins than any other company this year. The company intends to continue its acquisitions during the bull phase, notably through the issuance of credit-linked securities.
After a new purchase of 250 BTC announced on October 12, Strategy’s reserves now reach 848,250 BTC. This position confirms the central place of cryptocurrencies in the company’s financial model. Saylor also recalls the performance recorded since the first purchase made in August 2020. During this period, bitcoin has grown by about 38% per year, while the MSTR stock has shown an annual return between 52 and 53%, according to his statements.
Bitcoin’s return toward 100,000 dollars remains uncertain
Despite Michael Saylor’s outlooks, available indicators still show some caution. The bitcoin price was trading near 83,900 dollars early in the day. At the same time, prediction markets assigned only a 27% probability to a price return to 100,000 dollars. This gap between the executive’s expectations and market probabilities highlights the uncertainty surrounding the next step.
Strategy must also face an issue related to its presence in global stock indices. MSCI must announce by October 16 whether new eligibility rules could lead to excluding the company from its indices. Such a decision could affect investment flows associated with its stock. JPMorgan estimates that about 2.8 billion dollars could be concerned by this potential exclusion.
Michael Saylor criticized the position considered by MSCI and hopes that the index provider will reverse its decision. This issue adds extra pressure on Strategy, regardless of the cryptocurrency market’s evolution. The company will therefore have to simultaneously manage its accumulation objectives and the possible consequences of a change in stock rules. The awaited decision could thus influence its financial environment in the short term.
In the medium term, the bullish scenario advocated by Michael Saylor will depend on several factors, including price evolution, institutional adoption, and regulatory conditions. A return above 100,000 dollars remains his goal, but no schedule confirms this trajectory. At the same time, Strategy will have to monitor MSCI’s decisions and maintain its ability to finance acquisitions. Bitcoin will thus move between long-term growth prospects and the uncertainties inherent to the market.
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Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
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.
Bitcoin (CRYPTO: BTC) fell to $82,000 Wednesday as hotter-than-expected U.S. inflation data fueled concerns over additional Federal Reserve rate hikes.
U.S. headline CPI accelerated to 3.7% year-over-year, exceeding the 3.6% consensus estimate and rising from the previous 3.4% reading.
Macro analyst Benjamin Cowen warned that persistent inflation, elevated Treasury yields and rising oil prices could pressure Bitcoin and other risk assets ahead of the November midterm elections.
Despite the selloff, institutional demand showed signs of recovery.
SoSoValue data showed U.S. spot Bitcoin ETFs recorded $175.6 million in daily net inflows, following three sessions of outflows and one session of marginal inflows.
Is History Giving Clues on What’s Next?Crypto trader Lucky Luciano highlighted Bitcoin’s declining volatility as a potential signal of an approaching major price move.
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He noted that previous periods of subdued volatility preceded significant rallies, including Bitcoin’s advance from around $27,000 in 2023 to above $73,000 in early 2024.
Bitcoin subsequently reached an all-time high above $126,000 in 2025 before entering its current correction.
However, Luciano cautioned that low volatility does not guarantee an upside breakout and could precede another sharp decline.
On the other hand, Cowen identified $83,000 as a critical technical level for Bitcoin, emphasizing that weekly closes carry greater significance than daily price fluctuations.
Are Long-Term BTC Holders Preparing to Sell?CryptoQuant data showed increased activity among Bitcoin held for one to three years and more than three years, with both cohorts beginning to move more frequently in late September.
Similar spikes emerged during Bitcoin’s January-February drop from $90,000 to $65,000 and again in late July-August.
However, analysts cautioned that increased movement does not necessarily indicate selling or profit-taking.
The recent Ledger security incident could spur wallet transfers, pushing seven-day moving averages higher as users migrate assets to new recovery phrases.
BlackRock's Bitcoin ($BTC) and Ether ($ETH) ETFs took in $7.9B in Q3 2026, lifting digital asset AUM 63% to $79.6B as firm-wide AUM reached $15.5T.
@BlackRock's digital asset funds returned to net inflows in the third quarter, reversing the outflows seen earlier in 2026. The asset manager took in $7.9 billion for its Bitcoin ($BTC) and Ether ($ETH) ETFs, after about $2.2 billion left in the first half of the year.
Rising prices did most of the work. Market gains added another $22.9 billion, lifting digital asset assets under management (AUM) 63% to $79.6 billion from $48.8 billion at the end of June, according to CoinDesk.
Crypto rebound still short of the 2025 peakDespite the quarterly jump, BlackRock's crypto holdings remain 23% below year-ago levels. CoinDesk reported that investors added $6.3 billion over the past 12 months, but the decline in asset values outweighed those contributions. The firm's digital asset AUM peaked at around $104 billion in September 2025.
The category is driven mainly by two products: the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA), Crypto Briefing reported. The same report said the $7.9 billion was the strongest quarterly inflow figure since the third quarter of 2025, and that Bitcoin rose more than 42% over the quarter.
Firm-wide inflows reach $205 billionAcross the group, BlackRock drew $205 billion in net inflows in the third quarter, with total AUM reaching $15.5 trillion, according to the company's third-quarter 2026 earnings release. The release put iShares ETF net inflows at $135 billion and active net inflows at $66 billion. Revenue rose 19% year over year.
Digital assets remain a small part of the overall business. They contributed about $8 billion of the $135 billion in ETF flows, according to Crypto Briefing. Still, the third-quarter figures show institutional demand for regulated Bitcoin and Ether exposure returning as crypto prices recovered from the first-half slump.
Sources:
CoinDesk: BlackRock's crypto ETF assets surge 63% but remain far below 2025 peak
BlackRock: Third Quarter 2026 Earnings Release
Crypto Briefing: BlackRock's crypto ETF assets jump 63% to roughly $80 billion in Q3
Bitcoin fell Wednesday in response to consumer-price inflation remaining stubbornly high, increasing the odds for interest-rate increases and pushing cryptocurrencies lower.
The flagship cryptocurrency accelerated losses throughout the day, falling 2.1%, to $81,624, in Wednesday afternoon trading. Bitcoin started its decline in the morning, after the latest U.S. CPI release showed prices for consumer goods being 3.7% higher in September than the same time last year.
The Labor Department's figures were hotter than August's gain of 3.4%, and exceeded the 3.6% rise expected by economists surveyed by The Wall Street Journal.
Following the report's release at 8:30 a.m. ET, bitcoin prices fell to below $82,000 from trading at nearly $84,000.
Bitcoin is now trading around the spot cost basis for U.S. ETFs, Glassnode said in a note. Below that is a large block of bids sitting on Binance for bitcoin at $80,000, the firm said, making those prices key support levels for bitcoin.
Should bitcoin slide lower than that, then analysts have projected prices could retreat back to around $70,000, evaporating the sharp gains bitcoin posted last month.
A stronger-than-expected inflation reading tends to pressure bitcoin, increasing expectations for higher U.S. interest rates and weighing on non-yielding assets such as cryptocurrencies.
"Core [inflation] at 0.3%, above consensus, puts an October hike back in play after the market had faded it to one in five," Can-Luca Köymen, investment strategist at Sygnum Bank, said.
"For bitcoin, higher yields and a firmer dollar are the near-term headwind, and that matters more than any single day's ETF flow," Köymen added.
Demand for bitcoin has also been an issue on both the retail and institutional sides, analysts said, exaggerating price movements due to the low volumes being traded but providing little lasting momentum for bitcoin in either direction.
The CME Group's FedWatch assesses a 67% chance that interest rates stay unchanged after the Federal Reserve's Oct. 28 meeting, with a 33% chance of a quarter-point boost. Immediately after the CPI report, odds were seen swinging to 50/50 for a potential increase.
Write to Joseph Wilkins at [email protected] and Kirk Maltais at [email protected]
Renowned investor and founder of Morgan Creek Capital Management, Mark Yusko, suggested that Bitcoin (BTC) could increase in value eight to tenfold in the coming years. Arguing that Bitcoin could eventually replace gold in the global financial system, Yusko considered a market capitalization of $15 trillion a very realistic target.
In an interview with the YouTube channel New Era Finance, Yusko, commenting on the future of Bitcoin, said that its current market capitalization of approximately $2 trillion indicates significant growth potential.
The investor stated that the total market value of gold is approximately $30 trillion, with $15 trillion of that amount used as a store of monetary value. Arguing that Bitcoin could eventually compete with gold in this area, Yusko said the following:
“I think Bitcoin could easily become a $15 trillion asset. That would mean an increase of about 8, or even 10 times from current levels. I think this could happen within the next 5, 8, or 10 years. I don’t know exactly when, but I absolutely believe it will happen.”
Yusko predicted that governments would eventually begin to consider Bitcoin as a reserve asset. He noted that central banks could allocate a portion of their reserves to Bitcoin while continuing to hold gold, suggesting that this development could accelerate institutional adoption.
Is a New Bull Market Beginning in Bitcoin? Yusko, also evaluating Bitcoin’s short-term outlook, said he believes the market has emerged from a downtrend and is entering a new accumulation phase.
The investor noted that Bitcoin had formed a double bottom around $60,000 and that trading volume had increased at these levels, indicating that selling pressure was weakening.
Yusko stated that higher lows and higher highs have begun to form recently, arguing that this could be one of the first signals of a new bull market. However, the investor added that he does not expect the rise to immediately turn into a parabolic movement.
Yusko stated that Bitcoin might first go through a gradual recovery period, and predicted a strong upward movement after the next halving in 2029.
Yusko also cited network value models based on Metcalfe’s Law, stating that Bitcoin’s current fair value is approximately $105,000. During the interview, the investor noted that Bitcoin was trading around $85,000, arguing that the price remaining below the level indicated by the model could create accumulation opportunities for long-term investors.
“Inflation and Increased Money Supply Could Support Bitcoin” According to Yusko, one of the most important factors supporting Bitcoin’s long-term bull run will be the erosion of the purchasing power of fiat currencies.
The investor argued that approximately $10 trillion in money was created in the first 245 years after the founding of the United States, and that a similar magnitude of monetary expansion has occurred in the last five years, claiming that the increase in the money supply has strengthened demand for scarce assets such as gold and Bitcoin.
Yusko, noting that gold has been used as a store of value for thousands of years, said that Bitcoin could also play a similar role thanks to its limited supply and decentralized nature.
*This is not investment advice.
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Riot Platforms has signed a custody agreement with BitGo Bank & Trust, National Association. The deal moves Riot’s digital assets out of NYDIG Trust Company LLC and into BitGo’s vaults.
What the custody agreement covers Under the arrangement, Riot (NASDAQ: RIOT) will transfer assets currently held at NYDIG Trust to BitGo. BitGo will then serve as the custodian for Riot’s digital assets going forward.
Riot has not publicly released the specific terms of the agreement. It also has not said how much Bitcoin is moving or when the transfer becomes effective.
Research compiled on the deal places the custody transition in September 2026. That timing lines up with another balance sheet move Riot made the same month.
In September 2026, Riot repaid a $200 million Coinbase Credit facility. Paying it off released Bitcoin collateral that had been held in custody with Coinbase.
Why BitGo, and why now In December 2025, the Office of the Comptroller of the Currency (OCC) approved BitGo Bank & Trust to operate as a federally chartered national trust bank.
In August 2026, BitGo Holdings, Inc. acquired NYDIG’s institutional trading business for approximately $42.5 million.
The acquisition is part of a broader push by BitGo into trading, settlement and custody services. Adding Riot as a custody client fits neatly into that expansion.
The NYDIG chapter Since November 2023, Riot had used NYDIG for segregated cold storage of its Bitcoin holdings.
Riot has not publicly explained why it chose to switch providers. The available timeline shows NYDIG selling its institutional trading arm to BitGo just one month before the custody transition.
What this means for Riot and the custody market For Riot shareholders, the practical question is whether the company’s Bitcoin is safe and accessible. Swapping a state-chartered trust company for a federally chartered national trust bank raises the regulatory profile of whoever is holding those coins.
The move fits a broader pattern described in the research: institutions increasingly prefer regulated bank custodians for digital assets, with regulatory clarity becoming a key selling point as custody providers compete for large clients.
BitGo’s purchase of NYDIG’s institutional trading business, followed by a high-profile custody client moving from NYDIG Trust to BitGo, indicates a market where scale and regulatory status are becoming decisive.
With the $200 million facility settled and the collateral released, Riot has fewer of its coins tied up with lenders. Consolidating custody with a single regulated bank could simplify how the company manages and reports its holdings.
Key things to watch next include any SEC filing that spells out the agreement’s terms, the amount of Bitcoin ultimately transferred, and whether Riot uses its freed-up collateral for new financing or holds it outright.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Chinese authorities are seeking to confiscate approximately $5 billion worth of Bitcoin (BTC), alongside millions of XRP and Dogecoin (DOGE) tokens, in connection with one of the largest cryptocurrency fraud cases in history.
According to an October 14 report by Chinese media outlet The Paper, the Tianjin No. 2 Intermediate People's Court has accepted a confiscation application involving crypto assets seized from convicted money launderer Qian Zhimin.
The court announced on October 13 that it had formally accepted the application on September 28. Chinese prosecutors are seeking to recover 61,896.41552945 BTC, worth roughly $5 billion at recent market prices, alongside several other cryptocurrencies.
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The application also covers cash denominated in U.S. dollars, euros and British pounds, as well as jewelry, bank deposits and investment portfolios.
Notably, the DOGE holdings have reportedly already been converted into cash by British judicial authorities and deposited into an interest-bearing account.
Massive $6 billion crypto fraudThe confiscation proceedings stem from a massive investment fraud scheme allegedly orchestrated by Qian through Tianjin Lantian Gerui Electronic Technology.
Between April 2014 and August 2017, the company illegally raised approximately 40.38 billion yuan (roughly $6 billion) by selling fraudulent investment products that promised substantial returns.
According to Chinese prosecutors, the scheme affected more than 102,000 investors, who suffered combined losses of approximately 19.98 billion yuan.
Much of the money was used to repay existing investors, operate fraudulent investment projects and purchase assets, including Bitcoin, real estate, vehicles and jewelry.
Qian fled China in 2017, eventually arriving in the United Kingdom, where British authorities subsequently seized her cryptocurrency holdings.
In November 2025, she was sentenced to 11 years and eight months in prison by a British court for money laundering offenses.
What happens to seized Bitcoin?The latest development comes as British courts are also considering the legal ownership of the massive Bitcoin fortune.
On October 12, the UK's High Court ruled that Chinese law should govern claims made by victims seeking to recover the seized cryptocurrency.
The decision could have major implications for whether investors are entitled to the original value of their losses or potentially benefit from Bitcoin's substantial appreciation since the fraud took place.
However, the British ruling does not establish final ownership of the assets. Further proceedings will determine whether the victims can demonstrate enforceable rights to the cryptocurrency.
Meanwhile, the Chinese court has opened a six-month period during which Qian's relatives and other interested parties, including affected investors, can participate in the confiscation proceedings.
Chinese authorities are moving to seize around $5 billion worth of Bitcoin, together with significant holdings in XRP and Dogecoin, in a case tied to one of the largest ever cryptocurrency frauds.
Tianjin court targets crypto assets in landmark fraud caseThe Tianjin No. 2 Intermediate People’s Court recently accepted a confiscation request connected to Qian Zhimin, a convicted money launderer accused of orchestrating a massive investment fraud using Tianjin Lantian Gerui Electronic Technology.
The court confirmed it formally accepted the application on September 28. Prosecutors are pursuing 61,896.41552945 BTC, which is valued at approximately $5 billion at current market prices, in addition to millions in XRP and other digital assets.
The application extends beyond cryptocurrencies and includes physical cash in US dollars, euros, and British pounds, as well as assets such as jewelry, domestic and foreign bank deposits, and various investment portfolios.
British authorities have already liquidated the Dogecoin holdings, converting them to cash and transferring the proceeds to an account accruing interest.
The confiscation process is based on allegations that Qian raised about 40.38 billion yuan, equivalent to nearly $6 billion, between April 2014 and August 2017 through fraudulent investment products. These products, marketed by her technology firm, promised investors unusually high returns.
Prosecutors reported that the investment scheme affected over 102,000 individuals, whose losses reached roughly 19.98 billion yuan due to the company’s illegal fundraising activities.
The funds were used to repay prior investors, finance yet more sham investment products, and acquire luxury goods, real estate, vehicles, and large quantities of Bitcoin.
Qian left China in 2017 and eventually arrived in the United Kingdom, where officials seized her digital assets.
In November 2025, a British court sentenced Qian to 11 years and eight months in prison on money laundering charges.
Legal battle over seized Bitcoin intensifiesAs part of the legal aftermath, the fate of the seized Bitcoin remains uncertain. The UK’s High Court recently determined that Chinese law should govern claims to the cryptocurrency made by the fraud’s victims.
This legal decision carries significant weight for the victims, as it could determine whether they are eligible for compensation based on the value of their original losses or whether they might receive a share of Bitcoin’s considerable price gains over the intervening years.
The UK High Court ruled that claims from affected investors must be evaluated under Chinese law, which may impact the way any compensation is calculated.
Despite this step, the British court has not yet decided on the final ownership of the assets. Additional proceedings are scheduled to determine whether victims can prove legally enforceable rights to the cryptocurrency holdings.
Meanwhile, the Tianjin court opened a six-month window allowing Qian’s relatives and other stakeholders, including investors who were harmed by the fraud, to participate in the ongoing confiscation process.
Mini dictionary: Tianjin Lantian Gerui Electronic Technology, a Chinese technology company used as a vehicle by Qian Zhimin for orchestrating large-scale fraudulent investment activities between 2014 and 2017.
In brief
Standard Chartered launched direct Bitcoin and Ethereum trading for affluent UAE clients on Wednesday after receiving licensing approval from Dubai's Virtual Assets Regulatory Authority.
Eligible Professional Investor clients can buy and sell BTC and ETH through their existing bank accounts, with the bank handling custody and settlement in a closed-loop model built with SC Ventures-backed Zodia Markets.
The bank called the service a global first for Standard Chartered and plans to expand it to other markets, though it gave no timeline.
Standard Chartered will now let its wealthier clients in the United Arab Emirates buy and sell Bitcoin and Ethereum straight from their bank accounts, the British lender announced Wednesday.
The move eliminates the need for its affluent clients to rely on separate wallets or third-party platforms, the bank said.
Myriad: Where does Ethereum go next? Click to make your prediction.The service opens first to clients classified as Professional Investors and runs under licensing approval from Dubai's Virtual Assets Regulatory Authority, or VARA. The bank called it a global first for Standard Chartered and the first crypto trading offering from an international bank in the UAE.
Trades are executed inside the bank's own ecosystem, and Standard Chartered handles custody and settlement end-to-end through what it calls a closed-loop model, which the bank says reduces clients' exposure to third-party wallet risk.
The bank built the product across its Wealth and Retail Banking and Corporate and Investment Banking units, working with Zodia Markets, a digital asset trading firm backed by Standard Chartered's venture arm, SC Ventures.
“As client interest in digital assets continues to grow, this launch represents a significant milestone for Standard Chartered as we bring digital assets into our core wealth offering” Samir Subberwal, the bank's global head of wealth solutions, retail products, data and analytics, said. He argued that clients now want more than access, and are looking for the security that comes with buying through a regulated institution.
Rola Abu Manneh, Standard Chartered's CEO for the UAE, Middle East and Pakistan, said the country was a natural choice given its regulatory environment and its role as one of the bank's four global wealth hubs.
Until now, Standard Chartered's crypto trading business had catered to institutions. In July 2025, it became the first global systemically important bank—one of the lenders regulators consider too big to fail—to offer spot trading in Bitcoin and Ethereum to institutional clients, through its U.K. branch.
It brought that institutional desk to the UAE last month through its unit in the Dubai International Financial Centre, which is overseen by a different watchdog, the Dubai Financial Services Authority. The bank's crypto custody service had already gone live in the UAE in September 2024, and in the European Union through a Luxembourg entity a few months later.
Wealth clients previously had indirect routes into crypto at the bank: crypto exchange-traded funds on its cash equities platform, structured products, and over-the-counter derivatives tied to crypto prices. The new service lets them own the coins themselves, held by the bank, rather than a product that tracks their price.
The bank has historically been very bullish towards crypto, with frequent calls from its analysts for Bitcoin to extend to new highs.
In June, Geoff Kendrick, Standard Chartered's global head of digital asset research, declared crypto winter over after Bitcoin slid to nearly $59,000, a 53% drop from its October 2025 peak of $126,000. The bank has held onto a $100,000 year-end target for BTC.
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In brief
Standard Chartered launched direct Bitcoin and Ethereum trading for affluent UAE clients on Wednesday after receiving licensing approval from Dubai's Virtual Assets Regulatory Authority.
Eligible Professional Investor clients can buy and sell BTC and ETH through their existing bank accounts, with the bank handling custody and settlement in a closed-loop model built with SC Ventures-backed Zodia Markets.
The bank called the service a global first for Standard Chartered and plans to expand it to other markets, though it gave no timeline.
Standard Chartered will now let its wealthier clients in the United Arab Emirates buy and sell Bitcoin and Ethereum straight from their bank accounts, the British lender announced Wednesday.
The move eliminates the need for its affluent clients to rely on separate wallets or third-party platforms, the bank said.
Myriad: Where does Ethereum go next? Click to make your prediction.The service opens first to clients classified as Professional Investors and runs under licensing approval from Dubai's Virtual Assets Regulatory Authority, or VARA. The bank called it a global first for Standard Chartered and the first crypto trading offering from an international bank in the UAE.
Trades are executed inside the bank's own ecosystem, and Standard Chartered handles custody and settlement end-to-end through what it calls a closed-loop model, which the bank says reduces clients' exposure to third-party wallet risk.
The bank built the product across its Wealth and Retail Banking and Corporate and Investment Banking units, working with Zodia Markets, a digital asset trading firm backed by Standard Chartered's venture arm, SC Ventures.
“As client interest in digital assets continues to grow, this launch represents a significant milestone for Standard Chartered as we bring digital assets into our core wealth offering” Samir Subberwal, the bank's global head of wealth solutions, retail products, data and analytics, said. He argued that clients now want more than access, and are looking for the security that comes with buying through a regulated institution.
Rola Abu Manneh, Standard Chartered's CEO for the UAE, Middle East and Pakistan, said the country was a natural choice given its regulatory environment and its role as one of the bank's four global wealth hubs.
Until now, Standard Chartered's crypto trading business had catered to institutions. In July 2025, it became the first global systemically important bank—one of the lenders regulators consider too big to fail—to offer spot trading in Bitcoin and Ethereum to institutional clients, through its U.K. branch.
It brought that institutional desk to the UAE last month through its unit in the Dubai International Financial Centre, which is overseen by a different watchdog, the Dubai Financial Services Authority. The bank's crypto custody service had already gone live in the UAE in September 2024, and in the European Union through a Luxembourg entity a few months later.
Wealth clients previously had indirect routes into crypto at the bank: crypto exchange-traded funds on its cash equities platform, structured products, and over-the-counter derivatives tied to crypto prices. The new service lets them own the coins themselves, held by the bank, rather than a product that tracks their price.
The bank has historically been very bullish towards crypto, with frequent calls from its analysts for Bitcoin to extend to new highs.
In June, Geoff Kendrick, Standard Chartered's global head of digital asset research, declared crypto winter over after Bitcoin slid to nearly $59,000, a 53% drop from its October 2025 peak of $126,000. The bank has held onto a $100,000 year-end target for BTC.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Join 72,000+ readers
Create an account to save your articles.
Add on Google
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