Track market-moving stories before they get noisy

On Unchained, ARK Invest's Lorenzo Valente said wealth managers mostly ask about quantum risk, not token metrics, and that he is more confident than a year ago that Bitcoin will move to new signatures in time.

ARK's Lorenzo Valente says most adviser questions are about quantum risk

Posted October 12, 2026 at 10:57 pm ET.

Professional money managers who ask ARK Invest about crypto mostly want to know about quantum computing, not token economics, according to Lorenzo Valente, ARK’s director of research for digital assets.

Valente estimated on Unchained, in a livestream recorded Oct. 12, that “probably 70%” of the questions ARK fields from registered investment advisers and wealth-management platforms concern quantum risk. They ask whether the signatures securing blockchains will have to be replaced and which networks have the better plan, he said. Metrics insiders assume such clients track, like token inflation or protocol revenue, are largely unknown to them, he added.

Host Laura Shin said on the show that she found it “impressive that they’re that sophisticated.” Valente suggested a reason: quantum “is more of a general technology that they’ve heard also like in other fields.”

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A Long Forecast, Shortened by AI
Valente was clear that quantum is not his own research area. “I’m not the one specifically that, that has done the work on that,” he said on the show, adding that ARK’s internal view places the threat roughly 10 to 20 years out. He also noted, “I’m not a cryptographer.”

The discussion came days after researcher Justin Drake wrote on Oct. 7 that ECDSA, the elliptic-curve signature scheme behind Bitcoin and Ethereum keys, could break “in the worst case in months not years,” citing AI’s rapid progress in math. Unchained covered the debate that followed. The speed of AI advances has made it much harder to set timelines for investment theses, Valente said, calling the situation “definitely scary.”

More Optimistic on Bitcoin
Asked how Bitcoin can handle the threat, Valente said ARK has been in talks with large industry players and with core developers, and that it is in a “consortium with MicroStrategy and some of the other companies that are thinking about this.”

That group is the Bitcoin Security Consortium, which Strategy, formerly MicroStrategy, announced in July with ARK, BlackRock, Coinbase, Fidelity Digital Assets and others among its founding members.

Valente said he now expects Bitcoin to find a solution before Q-Day, the point at which a quantum computer could break today’s cryptography, and make the transition. “I was much more worried a year ago,” he said. “I think people are aware of this, and they’re working on it.”

Valente said ETF issuers, exchanges, developers and miners all now have a stake, and that “there are just more companies that are depending on Bitcoin right now than, like, two or three years ago.”

Related Listen: One Type of Post-Quantum Cryptography Is Most Popular. Why Is Crypto Trying Out Three?

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

When Will Bitcoin Price Reclaim Its All-Time High? Cycle Data Gives a Date

By Joseph Wilkins and Kirk Maltais

Bitcoin fell below $83,000 on Monday after Russia continued strikes on Ukraine's energy infrastructure, this despite a post from President Trump over the weekend declaring an "energy cease-fire" between the two.

The flagship cryptocurrency dropped 1.6%, to $82,311, after a weekend of geopolitical tumult saw Trump announce an unconfirmed energy truce between Ukraine and Russia, while conflict between Saudi Arabia and Houthi militants in Yemen continued to escalate.

But the ceasefire was quickly broken, with Russia striking Ukrainian infrastructure hours after Trump's post on Truth Social calling for a cease-fire. Ukraine is expected to retaliate, escalating the situation. The Wall Street Journal reports that Russia's strikes hit Ukrainian gas infrastructure, a power plant and a substation.

Persistently high energy prices are weighing on Trump's popularity ahead of the midterm elections, with the ongoing war in the Middle East also continuing to escalate. The threat of no future relief on energy prices has kept pressure on riskier assets, including cryptocurrencies.

"Higher energy costs can intensify inflationary pressures and reduce the likelihood of rapid interest rate cuts, limiting the appeal of riskier assets," said Antonio Di Giacomo, Senior Market Analyst at XS.com.

Since consolidating above the $80,000 threshold, bitcoin has struggled to mount a further push beyond $87,000. A key test for crypto for the rest of 2026 rests on whether softer inflation and wage growth can bring down Treasury yields and cause the dollar to weaken, which would ease financial conditions for cryptocurrencies.

Investors are looking ahead to U.S. inflation data on Wednesday for clues on future interest-rate decisions.

"Wednesday's CPI is likely to show elevated inflation thanks to rising energy prices, and while there will be much scrutiny on the month-over-month numbers, the bottom line is that inflation is still well above the Fed's 2% target and that is a problem for the central bank," said Clark Bellin, chief investment officer at financial planning firm Bellwether Wealth.

Write to Joseph Wilkins at [email protected] and Kirk Maltais at [email protected]

Bitcoin Could Rally to $94K, but First It Must Break Through This Key Price Zone

On Sunday, the 11th of October, Bitcoin [BTC] bounced 1.68% to reach a local high of $84,199. The $84.5k local resistance was not tested.

Across the crypto market, the past 24 hours saw $208.64 million in liquidations, $148.79 million of them positioned short.

Short squeeze and opportunistic buy wall behind Sunday’s move Bitcoin faced $50.86 million in liquidations, and $42.69 million (83.9%) worth of short positions taken out. The price pushed up toward the cluster of short liquidations around $84k before receding.

Source: Maartunn on X Crypto analyst Maartunn observed in a post on X that the bid/ask ratio briefly jumped to 0.3 to show strong buying pressure during the price move into the short liquidations overhead.

Source: Darkfost on X At $83k, 53% of the wealth invested in Bitcoin was above the market price. Hence, buying BTC at this level would leave one better off than just over half the BTC investors, wrote crypto analyst Darkfost.

There were two key clusters to watch out for. The $84k-$85k zone is the largest distribution zone, and investors are expected to react to this zone. A break of this level could be a sign that the trend favored the buyers once again.

Meanwhile, the $77k-$79k and also the $64k-$65k areas to the south were key support zones to watch.

The Bitcoin bull run is only getting started Source: Axel Adler Jr. The Bitcoin Young Supply Index has risen from 1.4 to 13.2 since June, as prices rose from $59k to $84k. Higher readings on the metric point to a stronger shift toward younger supply, a sign of new money entering the ecosystem.

The index’s reading was still relatively low, but comparable to the 2015 and 2019 early-stage market recoveries.

Source: Joao Wedson on X Analyst Joao Wedson used the Realized Cap Impulse scores to highlight that the market was still in an accumulation-to-neutral zone, rather than a bull run underway. There was space for a more sustainable bullish trend to emerge.

Investors need not worry about being late to the bull run – it appears the run is yet to start.

Final Summary The Bitcoin price surge above $84k on Sunday was driven by a sudden uptick in buying pressure targeted at taking out a cluster of overhead short liquidations. Short-term caution is still the play, but in the long term, the bull run has yet to get going properly.

The UK High Court has delivered a key ruling in one of the largest cryptocurrency-related legal disputes to date, centering on the fate of 61,000 Bitcoins seized during a sweeping investigation into a major international investment fraud and money laundering operation.

Background of the caseThe case traces back to 2014, when Chinese national Qian Zhimin, also known as Yadi Zhang, incorporated Tianjin Lantian Gerui Electronic Technology in China. Through this company, Qian orchestrated a complex fraudulent investment scheme, attracting thousands of participants.

Between 2014 and 2017, the company offered investment opportunities in digital assets, senior care services, and other ventures, promising high returns. Investigation documents reveal that 128,409 investment agreements were signed, accumulating around 40.23 billion yuan, which is equivalent to $5.9 billion at current rates.

Of these funds, about 34.1 billion yuan were repaid to some investors under a structure resembling a Ponzi scheme. Qian converted portions of the raised capital into Bitcoin, purchasing over 100,000 BTC through the crypto exchange Huobi from June 2014 to June 2017.

By late 2018, UK law enforcement raided properties linked to Qian and her associate Jian Wen. The authorities seized electronic devices and private keys, ultimately taking control of more than 61,000 Bitcoins, currently valued at over $1.7 billion.

Mini dictionary: Tianjin Lantian Gerui Electronic Technology, a Chinese company established as the front for a large-scale fraudulent scheme targeting investors across various sectors, leading to the largest Bitcoin seizure ever in the UK.

Legal dispute over the seized BitcoinThe ongoing legal battle pits roughly 16,000 Chinese victims against British authorities, with both groups seeking the rights to the Bitcoin haul. The investors hope to recover losses stemming from Qian’s fraudulent operation, while prosecutors are pursuing claims related to criminal proceedings.

Chinese victims have argued that, by applying English property law, their money could be traced through Qian’s activities and connected to the Bitcoin now in custody, potentially allowing recovery of the cryptocurrency itself in addition to the original investments.

Court’s application of Chinese lawIn the October 12 decision, Mr. Justice Turner stated that Chinese law must govern the dispute, rather than English law. The majority of the fraudulent activities, investment contracts, and Bitcoin acquisitions were all embedded in China, prompting the court to apply the legal principles from that jurisdiction.

Chinese law will be used to determine whether the investors have rights of ownership over the confiscated Bitcoin. However, this decision does not settle whether any individuals will receive compensation or gain title to the assets, as no final ruling has yet been made regarding the actual ownership claims.

If Chinese law is ultimately upheld, investors may only recover their initial contributions plus interest, rather than benefiting from the enormous increase in Bitcoin’s value since the original purchases.

ScenarioPotential RecoveryEnglish property law appliesPossible claim to actual Bitcoin, including value gainsChinese law appliesInitial investment amount plus interest onlyThe court’s decision leaves the ultimate fate of the Bitcoin stash uncertain, as further legal arguments are expected before any distribution or compensation takes place.

The result is a major setback for the fraud victims, who had hoped to benefit from the cryptocurrency’s appreciation but now face a much narrower path to recovery.

Table of contents

Strategy (Nasdaq: STRF, STRC, STRK, STRD, MSTR) bought 250 Bitcoin in the week ended October 11, adding about $21.5 million to its treasury while its weekly purchase size shrank for a second straight week. The company disclosed the figures in a capital markets update on October 12 that also showed $192 million of STRC preferred-stock repurchases over the same period.

According to the company’s announcement, $21.0 million of the Bitcoin buy was funded with proceeds from MSTR common-stock sales and the remaining $0.5 million from cash. The additions lift Strategy’s total holdings to 848,250 BTC, keeping it the world’s largest corporate holder of the asset.

A Shrinking Weekly Buy Meets a Larger Buyback
The 250 BTC addition is smaller than the 334 BTC Strategy bought in the week ended October 4 and the 1,665 BTC it acquired the week before that. Its STRC repurchases, by contrast, climbed from $176.3 million to $192.4 million. Strategy now spends roughly nine times more on preferred-stock buybacks than on new Bitcoin, a sharp reversal of the allocation pattern that built its treasury.

As of October 11, the company’s U.S. dollar reserve stood at $4.88 billion, with another $640.5 million in cash held for broader treasury purposes. The reserve is earmarked to support dividends on its preferred stock and interest on its debt, while the cash balance remains available for future Bitcoin buys. It still has $354.8 million authorized for preferred-stock repurchases and $1.0 billion for MSTR stock buybacks.

What the Allocation Shift Signals
The pivot toward buybacks arrives as Bitcoin trades near $83,000 after U.S. spot ETFs posted their largest weekly redemptions since June. The smaller purchases do not signal an exit from Bitcoin; Strategy remains a net accumulator. But its marginal capital is increasingly flowing toward supporting preferred-stock value, a choice that weighs the yield and stability of its own instruments against further BTC exposure.

What Comes Next
Strategy retains ample dry powder to resume larger buys if conditions change. Executive Chairman Michael Saylor has historically telegraphed upcoming purchases on social media ahead of Monday filings, and the company’s last major addition of 1,665 Bitcoin showed the pace it can still reach. Whether the slowdown extends will depend on market conditions, its at-the-market share-sale program, and how management prices preferred-stock buybacks against Bitcoin’s expected return.

AUTHOR

Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

Jeonbuk Bank has become the first bank in South Korea to offer won-denominated loans backed by bitcoin, according to reports. 

The subsidiary of JB Financial Group has started offering the loans, according to exclusive Monday reporting by the country’s Edaily paper. 

For now, the product is limited to corporate customers raising working capital, and bitcoin is the only eligible collateral. The bank said it may expand the service depending on regulatory changes and market demand, the report added. 

Jeonbuk Bank won’t own or control the bitcoin itself. The collateral is held by a specialized custodian, limited to virtual asset service providers registered under Korea’s Act on the Reporting of Specific Financial Information, it further noted. 

If a borrower defaults, the bank won’t take the coins but will rather liquidate them through enforcement procedures such as a court-ordered sale and recover the loan from the proceeds.

The bank said it chose bitcoin for its market capitalization and trading volume, the largest of any digital asset, and that its own stress tests showed bitcoin held up as collateral even during sharp price declines. To value the collateral, it uses an index based on a weighted average of prices across multiple global exchanges.

Similar products already exist abroad. JPMorgan Chase debuted bitcoin-backed loans for institutional clients in March, and Switzerland’s Sygnum Bank offers comparable credit.

The loan is the first concrete result of the “Crypto Bank” vision put forward by Jeonbuk Bank President Park Chun-won. The lender is the only regional bank to provide real-name verified accounts to crypto exchanges, and it is preparing an “all-in-one wallet” that combines fiat accounts and digital asset wallets.

“This loan is an example of designing a risk management and recovery structure that allows us to utilize existing bank lending and collateral management systems without directly holding virtual assets,” said Jeong Sang-hoon, executive vice president of the bank’s digital division.

Mathew Di Salvo

Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.

UK Bitcoin Treasury Firm Smarter Web Closes £10M Share Offering

Bitcoin slipped below $82,000, and leveraged bulls paid for it almost immediately. Roughly $120 million in long positions across crypto were liquidated in the span of 15 minutes.

What happened in those 15 minutes
The drop pushed Bitcoin under the $82,000 mark during intraday trading on October 12. As the price fell, exchanges began forcibly closing leveraged long positions, which are bets that the price would keep rising.

That forced selling is called a liquidation. It also tends to feed on itself, because every automatic sell order adds more downward pressure on the price.

Data from platforms including CoinGlass and Hyperliquid pointed to heavy long exposure among traders heading into the move.

CoinGlass reported that long positions made up the bulk of the liquidations in recent events. Shorts, the traders betting on declines, had a considerably better afternoon.

By the latest readings, Bitcoin was changing hands in the low $82,000 range. Traders were watching a support zone between $81,300 and $82,000, a band where buyers have previously stepped in.

Not the first wobble this month
On October 8, Bitcoin dropped below $81,000, touching intraday lows of approximately $80,400 to $80,500. That earlier slide triggered over $1 billion in liquidations within 24 hours, mostly on the long side. A further $696 million in related liquidations came alongside it.

Compared with that, Sunday’s $120 million flush looks almost restrained. The speed, though, is the notable part: the October 8 figure accumulated over a full day, while the latest one landed in a quarter of an hour.

Both declines followed a run that took Bitcoin to highs in the $85,000 to $87,000 range earlier in October. Profit-taking near the $87,000 peak helped kick off the retreat.

US spot Bitcoin ETFs reportedly saw outflows of $487 million in a single day, which removes a meaningful source of steady buying.

No significant regulatory actions or protocol changes were reported around this stretch of price action. The swings appear tied more to traders unwinding leverage than to any single fundamental headline.

The bounce pattern
After earlier sharp drops, Bitcoin has rebounded fast, at one point climbing back above $83,000.

What this means for traders and investors
The $81,300 to $82,000 support band is the near-term level to watch. A clean break below it could trigger another round of forced selling if traders remain heavily leveraged.

A single $487 million outflow day doesn’t define a trend, but continued redemptions would mean less institutional demand absorbing the selling when leveraged traders get flushed.

The October 8 low near $80,400 also serves as a reference point. Revisiting that level would put the market back where the $1 billion-plus liquidation day bottomed out.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Robinhood CEO: The company will ramp up investment in builders of the Robinhood Chain, with details to be announced soon.

Robinhood CEO Vlad Tenev responded to community questions on X, stating that Robinhood Chain is a top priority for the company. “We never left,” he said. “The builders who showed up early matter a great deal to us. More updates will be coming soon.” Tenev added that he aims to attract the best builders to Robinhood Chain, noting: “We are investing to make this a reality. If you’re building something great, we want to hear your ideas. More details will be announced soon.”

6 hours ago

Federal Reserve's Harker: Further policy tightening required to curb inflation

Cleveland Federal Reserve President Hamrick said the Fed needs to bring monetary policy to a restrictive level to push inflation back to its 2% target. She noted that the current policy stance means inflation could take longer than acceptable to fall, hence "more tightening is needed." Hamrick added that further interest rate hikes may still be required, though the timing is undecided. She favors "smaller, more frequent" adjustments to help businesses and households plan ahead. She pointed out that corporate input costs are rising, and an increasing number of firms are passing these costs to consumers. If prices are no longer constrained by demand, inflation could rise further or stay elevated. She highlighted that the biggest inflation risk is the development of an "inflation mindset" among individuals and businesses, who gradually accept higher inflation levels—this would make it harder for the Fed to return inflation to target, and some signs of this have already emerged. When discussing the rise in U.S. Treasury yields, Hamrick said it is mainly driven by factors including economic growth expectations, market repricing of Fed policy, fiscal pressures, and large-scale bond issuance. She noted that the data center investment boom is boosting growth, but the current financial environment still needs further tightening to help inflation decline. Hamrick also emphasized that the Federal Reserve's independence is "always of utmost importance." (Jinshi)

6 hours ago

Meta CEO Announces Launch of Muse Wonder, a Larger and More Advanced Model.

Dongcha Beating AI News: Meta Platforms CEO Mark Zuckerberg announced that he will launch two models today, including Muse Wonder, a larger and more advanced model.

6 hours ago

UK High Court rules that claims related to over 61,000 Bitcoin in the Qian Zhimin case are subject to Chinese law, with the funds involved totaling approximately £4.1 billion.

A judgment released by the UK National Archives shows that the UK High Court ruled on the "Blue Sky Grid Rui Case" on October 12, holding that property rights claims filed by Chinese investors over the involved Bitcoin should be governed by Chinese law rather than UK law. The case involves over 61,000 Bitcoin, a key component of the billions of pounds in criminal proceeds recovered by UK law enforcement. The judgment states that the investment scam in question was carried out in China between 2014 and 2017, with total funds involved amounting to approximately 40.228 billion yuan (around ￡4.1 billion). The funds were used to purchase assets including Bitcoin, and the involved Bitcoin was later transferred to the UK. UK police seized relevant equipment and some access keys in 2018, and the assets subsequently recovered included over 61,000 Bitcoin. The court ruled that the investors' locations, the place where false statements were made, the location of fund payments, and the original purchase site of the Bitcoin were all primarily in China, so the relevant property rights should be determined in accordance with Chinese law. The court also rejected the investors' arguments seeking to establish rights under UK law and relevant asset tracing rules. It should be noted that this ruling only addresses which country's law applies to the relevant claims, and does not finally determine whether each investor owns the involved Bitcoin, nor does it decide on the final distribution of the assets. Specific rights under Chinese law and relevant evidence will need to be reviewed in subsequent proceedings.

6 hours ago

Marvell Launches 2nd-Generation CXL Memory Expander, Supporting Up to 9TB of Memory Per Controller.

Marvell has launched its second-generation Structera X 3406 and 3506 CXL memory expanders. A single controller supports up to 9TB of DDR4 or 6TB of DDR5 memory, with 50% more memory channels than the previous generation. The new products adopt CXL 3.2 technology, enabling up to four hosts to share memory resources and delivering a maximum host interconnection bandwidth of 256GB/s. Their built-in LZ4 compression engine offers a maximum compression and decompression throughput of 250GB/s, a five-fold improvement over the prior generation. Marvell stated that the new offerings aim to ease memory capacity and bandwidth bottlenecks in large model inference. In specific large model inference scenarios, they can cut first-byte latency by 40% to 50%; in deep learning recommendation model use cases, the maximum queries per second (QPS) of a single controller can be doubled. Ecosystem partners include AMD, Arm, Alibaba, Samsung, and SK Hynix. The two products are expected to be supplied as samples to customers in the first quarter of 2027.

6 hours ago

Bitcoin rallied then pulled back, dropping over 2%; oil prices climbed to a nearly one-month high, while escalating Middle East tensions have stoked market risk aversion.

Bitcoin rose to $84,254 at one point on Monday before pulling back, with a drop of as much as 2.2%. Uncertainty over the prospects of a Russia-Ukraine energy ceasefire and incidents such as oil tanker attacks in the Strait of Hormuz have amplified market concerns about energy supply. Brent crude climbed to $107.25 per barrel during trading, its highest level since September 16, while WTI crude broke above $94 per barrel. The U.S. will release September’s CPI and PPI data this week, and the oil price rally has further stoked fears of an inflation rebound. Former Goldman Sachs chief foreign exchange strategist Robin Brooks argues that, given traffic through the Strait of Hormuz has improved somewhat, current oil prices may be pricing in excessive risk premiums. In trading, QCP Capital noted that Bitcoin’s options market shows a mix of cautious and bullish expectations: traders are taking defensive positions while still retaining bets on an upward price breakout. The firm stated that if BTC decisively breaks above $87,000, its next target could be $94,000. On-chain and exchange liquidity data show there is approximately $180 million in sell-side liquidity around $84,500, while buy-side support lies near $82,000.

6 hours ago

US Dollar Hits 18-Month High: What It Means for Bitcoin and Stocks

THE STREET: FTX's old Bitcoin mining assets have a new mission, and it's not crypto

Weekly Trading Data Show Crypto Markets May Expect Prices to Fall

Bitcoin is now trading over $83,000, and the Fear and Greed Index has risen to 68, firmly in the "Greed" territory for the past month.

Risk appetite seems to be returning.

Data: CoingeckoThe surge, driven by ETF inflows and economic hopes, is extremely fragile internally, although the index doesn't fully reflect this.

Ethereum ETF outflows differ significantly from Bitcoin outflows.

The 'Selective Return' of ETF Flows

US spot Bitcoin exchange-traded funds saw a dramatic change in fortunes around the middle of September.

There was a significant change from cumulative net outflows of $5.8 billion year-to-date in July to net inflows of around $934 million by late September, with over $3 billion coming in eight days.

An astounding $1.2 billion poured into BlackRock's IBIT in the span of a week, while $702 million poured into Fidelity's FBTC.

As a result of that rise, Bitcoin's price jumped from below $80,000 to approximately $87,000 again.

As October began, the pattern turned around again.

The largest one-day net outflow since June 25th occurred on October 8, reaching $484.9 million. A further $244 million was removed the day after that.

The most prominent assets that were withdrawn were FBTC (Fidelity) and IBIT (BlackRock).

The underlying dynamics of contemporary ETF flows are revealed by this "surge in, retreat fast" pattern. Rather than reflecting long-term structural allocations, they reflect macro trades.

According to Crypto Briefing, hedge funds may have taken a back seat.

On the other hand, Motley Fool said that basis trades – buying ETF shares and shorting futures to profit on the spread – may have contributed to some of the inflows. That kind of money reacts very quickly to interest rate forecasts.

There is a general trend for the macro environment to change at a faster rate than it came.

Macro 'False Breathing Room'

It was easy to see the main reason for the influx. To control liquidity in light of increasing bond yields, US Treasury Secretary Bessent unveiled a plan to increase bond purchases in August.

Bitcoin has been positioned by the market as a hedge against inflation and interest rate volatility.

On the other hand, the backing from the macro is starting to fade.

Despite a downward adjustment to August's numbers, nonfarm payrolls added just 29,000 jobs in September, much below expectations.

There is no pressing need to increase rates, according to Fed Vice Chair Jefferson and Governor Bowman.

There has been a marked decrease in market price for an increase in October, with December now seeming more likely. The problem is that a rise in risk assets cannot be sustained by only expecting peak rates.

Compared to its starting price of $87,722 at the beginning of the year, Bitcoin is now trading close to its opening price, ranging from $83,000 to $84,000. The "ETF average entry cost" and the prior technical peak, according to experts, will converge at $83,000.

The on-chain accumulation zone is at $77,000, and the 200-day moving average is near $72,000, so a breach of that level would signal that trend.

Ethereum: Structural Absence of an Institutional Narrative

Ethereum has experienced a notable recovery; nonetheless, when contrasted with Bitcoin, the amount of institutional involvement is far lower. As compared to Bitcoin ETFs, which have recovered around two-thirds of their outflows, Ethereum ETFs have only recovered around a third.

Bitcoin is being positioned by institutions as a "strategic balance-sheet allocation asset," with pricing characteristics that resemble commodities, according to research from JP Morgan.

This is the underlying reason for the gap.

The future of Ethereum is dependent on Layer 2 scalability, staking yield, and DeFi ecosystems, all of which are at odds with what institutional investors want: stability and liquidity.

By comparing Ethereum to Amazon in 2001, Standard Chartered's Geoff Kendrick hoped to shed light on the misalignment between the price of ETH and its underlying network fundamentals.

Even if the number of transactions and total value locked in ETH are around record highs, the price has fallen about 57%. Another problem with that comparison is that in the end, cash flow and profitability were what Amazon's "internal metrics" measured.

Whether Ethereum's network activity can be used in a similar way is still up in the air.

Two major events must occur before Bitcoin's price can reach $150,000, and the Ethereum-to-Bitcoin ratio can rise from 0.03 to 0.04 for Tom Lee's $6,000 prediction to materialize.

This would require Bitcoin's value to nearly double in just two months at the current price levels.

Presently, the Kalshi prediction markets are pricing at 5%.

The Cost of Greed

On the Fear and Greed Index, a score of 68 can be deceiving. Instead of a strong capital structure, it shows price momentum.

A combination of factors, including Bitcoin ETF flows' unpredictable volatility, Ethereum's lack of an appealing institutional story, and XRP and Dogecoin's dependence on market sentiment, suggests that the current risk appetite is more tactical than strategic.

The $83,000 price of Bitcoin is in the middle of the pack between the ETF cost line and its price at the beginning of the year.

The possibility of further Federal Reserve rate hikes may decrease if the Consumer Price Index report on October 14 shows that inflation is under control, which might offer risk assets a short reprieve.

But if the CPI surprises lower than expected, investors may sell their ETF holdings faster due to the unwinding of basis bets, sending Bitcoin soaring toward the on-chain accumulation zone of $77,000.

These fundamental problems go unnoticed by the Greed Index. The movement of capital will.

What Other Technical Indicators Show

TradingView's technical analysis overview for the coming week based on key data from moving averages, oscillators, and pivots points to a buy signal.

While long-term sub indicators show strong buy bias, short-term gauges of oscillators point to a sell signal.

Source: TradingViewSeparately, InvestTech's Algorithmic Overall Analysis gave a hold score, and the research gave a weak negative score for its one-six week recommendation.

InvestTech said, "Bitcoin has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency is moving within a rectangle formation between support at $82,357 and resistance at $85,672. A decisive break through one of these levels indicates the new direction for the currency."

Source: InvestTechThe research added, "The currency has support at points 81000 and resistance at points 86000. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The currency is overall assessed as technically slightly negative for the short term.”

In brief
The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier and an Aug. 26 peak of 82, the highest reading of the year.
Bitcoin dropped about 6%, from $86,978 to $81,749.83, as oil topped $101, the 30-year Treasury yield reached 5.70% and spot.
Myriad traders now give 45% odds of Biticoin hitting $87,500 and 56% odds of BTC dropping to $80,000 in October, both lower than on Oct. 7.
After a red hot summer lifted Bitcoin and the rest of crypto out of a brutal bear market, sentiment has now clearly shifted, bucking typically reliable seasonal trends.

Bitcoin is now trading just above $82,000, down close to 5% for the week, and the cryptocurrency market’s Fear and Greed Index fell to 56 on Monday, a “neutral” reading, after reaching “extreme greed” in late August.

Myriad: How low will Bitcoin go? Click to make your prediction.The Fear and Greed Index is a 0-to-100 gauge that measures investor appetite, where 0 is extreme fear and 100 extreme greed. The index peaked at 82 on Aug. 26, its high for the year, and read 68 a month ago.

Bitcoin peaked at $86,978 early last week and slid as low as $81,749.83 on Oct. 8, a drop of about 6%, before recovering to roughly $83,800 on Monday. That leaves the largest cryptocurrency about 34% below its all-time high of above $126,000, set on Oct. 6, 2025 back when extreme greed was the norm.

That slide marked a rough stretch that extended until August of this year. The August rally led to a 24.9% increase in the price of Bitcoin, enough for industry participants such as Fundstrat co-founder and Bitmine Chairman Tom Lee and Crypto Quant’s Kim Yong Yu to announce the end of the bear market.

But the increased appetite for crypto bets has now cooled, at least for now, as the Fear and Greed Index indicates.

Spot Bitcoin ETFs lost $484.9 million last week on Wednesday, their worst day since June, and another $244.1 million the following day. A $21.1 million inflow on Friday left the funds down a net $386.3 million for October while Ethereum funds extended their outflow streak to nine days, with $635 million out this month.

In terms of catalysts, macroeconomic headwinds have weighed on Bitcoin and the rest of crypto.

Brent crude topped $101 a barrel last week as ship attacks around the Strait of Hormuz piled up, and the 30-year Treasury yield hit 5.70%, its highest since 2002. Stocks, gold and Bitcoin sold off together that day, which points to a macro trade rather than a crypto problem. Brent is trading near $110 today, even after President Donald Trump said the U.S. would not engage in war at least until November.

Oil is an input cost for shipping, manufacturing, farming and travel, so a sustained jump in crude tends to filter into consumer prices. Higher inflation makes it harder for the Federal Reserve to cut interest rates and more likely to raise them, which is the path the central bank's latest minutes describe.

Bond investors respond by demanding higher yields, since inflation erodes the fixed payments Treasuries make. Because the Treasury yield is the benchmark "risk-free" return, a 30-year paying 5.70% pulls money away from riskier bets and raises borrowing costs across the economy. Bitcoin pays no yield and trades alongside stocks as a risk asset, so rising yields and rate-hike expectations tend to push it lower, as they did on Oct. 7.

The background likely explains why the Fear and Greed Index has dropped so much. Traders are more cautious, especially with high risk assets such as Bitcoin.

Traders on Myriad, a prediction market developed by Decrypt's parent company Dastan, give Bitcoin a 45% chance of touching $87,500 in October. That is down from 55% on Oct. 7. The odds of Bitcoin reaching $90,000 have slipped to 28% from 36%.

Myriad traders are also now pricing in 56% odds that Bitcoin drops to as low as $80,000, followed by 33% odds for a drop to $77,500 and 20% odds on $75,000.

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Bitcoin dropped below $83,000, and the traders betting on higher prices paid for it. Nearly $42 million in long positions were liquidated before US stock markets even opened.

That early-morning wipeout was reportedly part of a bigger purge. Close to $696 million in positions were cleared out across a 24-hour window, mostly from longs.

What actually happened The move came on October 8, 2026, according to research compiled on the event. Intraday lows were reported in a range between $82,880 and $83,500, depending on the venue and the data source.

The dip did not last long. Bitcoin recovered to around $83,100 shortly afterward, putting it back above the line it had just fallen through.

A liquidation, for the uninitiated, is what happens when a trader borrows money to amplify a bet and the market moves the wrong way. Once losses eat through the trader’s collateral, the exchange closes the position automatically. Nobody asks for permission.

Those forced closures are sell orders in a long-heavy market. Sell orders push the price lower, which triggers more liquidations, which push the price lower still.

The research describes this particular episode as a leverage flush rather than a response to some big new piece of news. Trading volumes were relatively quiet, and analysts tracking the move did not tie it to any meaningful change in market fundamentals.

The backdrop: oil, outflows, and a familiar price zone Oil prices were rising on geopolitical tensions in the Middle East, adding a layer of macro anxiety to risk assets in general.

Bitcoin exchange-traded funds were also seeing ongoing outflows. When the institutional on-ramp is running in reverse, it removes a steady source of buying that might otherwise cushion a dip.

Meanwhile, open interest in Bitcoin derivatives had been climbing. Open interest measures the total value of outstanding futures and perpetual contracts, so a high reading means lots of positions waiting to be either rewarded or punished.

Liquidation trackers such as Coinglass were central to measuring the damage. On-chain activity on platforms like Hyperliquid, where perpetual futures trade transparently, also showed sizable leveraged positions stacked up in the market.

Bitcoin had recently traded at highs between $85,000 and $87,000, and profit-taking after that run appears to have contributed to the pullback. Traders who bought near the top and leveraged up were the most exposed when the price slid back toward the low $83,000s.

Why $83,000 keeps showing up Throughout 2026, the $83,000 to $84,000 band has acted as a critical inflection point for Bitcoin, according to the research. Breaks through this area have repeatedly set off liquidation cascades, with totals often running into the hundreds of millions of dollars.

What this means for traders and investors Bitcoin did not keep falling after breaking below $83,000, and it reclaimed that level quickly. The research characterizes the move as mechanical unwinding, not a sustained wave of selling.

The nearly $42 million in pre-market liquidations and the roughly $696 million cleared over 24 hours are a reminder that leverage cuts both ways, and usually faster on the way down.

For longer-term investors, elevated open interest and crowded positioning near a well-known price zone are conditions that tend to produce these flushes. Watching derivatives data from trackers like Coinglass and on-chain leverage on venues like Hyperliquid can offer early clues about when the market is getting top-heavy.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Bitcoin falls below $83,000

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Well-known crypto analyst Killa published a post stating that in the current cycle, the BTC supply held by short-term holders (STHs) has risen again to overheated levels after breaking away from the macro bottom, a pattern mirroring the previous cycle, which could serve as another signal that the market bottom has already formed. Killa noted that after the STH supply hit a similar level in 2023, BTC continued its sideways rally and remained above its long-term trend, and the market is now exhibiting a comparable trajectory. He reminded investors not to be misled by the Fear & Greed Index, adding that periods of market irrationality can last far longer than anticipated.

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Bitfinex Alpha released a report stating that Bitcoin’s price movement this week will be influenced by Wednesday’s U.S. CPI data release and the strength of spot buying. The report predicts that before the CPI announcement, BTC will likely trade in a range of $81,300 to $84,500. It notes that BTC has fallen 7.9% from its October 2 high of $87,197, hitting a low of $80,347 on October 8 before reclaiming the previous range high of $81,300. During the same period, around $1.18 billion in crypto positions were liquidated, and open interest has not yet recovered significantly, meaning the next market move will rely more on spot market demand, which remains the weakest link in the market. The overall cost basis for Bitcoin ETF investors is approximately $84,340, slightly above the current price, so some investors may sell near their cost basis if the price rebounds. On the macro front, the U.S. core PCE inflation rate stands at 3%, and the 10-year U.S. Treasury real yield is 2.91%. The report argues that if core CPI’s month-over-month increase does not exceed 0.2%, interest rate expectations may be lowered, providing upward momentum for BTC; if it hits 0.3% or higher, spot buying will face greater pressure. The report adds that if BTC successfully breaks above $84,500 supported by ETF inflows, its next target could be the year-to-date opening price of $87,722; if it consistently falls below $81,300 and ETF outflows resume, attention should be paid to the real market average of around $77,400.

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The newly discovered Ledger exploit has stirred broad industry debate over the safety of hardware wallets compared to effectively custodying Bitcoin holdings through exchange-traded funds (ETFs).

Bitcoin analyst Plan B said his then-controversial decision to move his Bitcoin (BTC) holdings to ETFs in 2025 was the right call in light of the recent Coldcard and Ledger exploits. “Zero regrets” about my ETF decision, wrote the analyst in a Monday X post.

Large holders have been converting self-custodied assets to ETFs for “enhanced security” for years, which is one of the main “selling points” for ETFs, 21Shares co-founder Ophelia Snyder told Cointelegraph in an email on Monday, adding that the recent exploits made this phenomenon part of the “public discourse.” 

The remarks follow the discovery of a compromised Ledger wallet that contained an unauthorized hardware implant. Some blockchain investigators estimated that losses from these implants could top $86 million, raising questions about the security of self-custodial cold wallets. 

Hardware wallets are still safe, but providers need better threat modelling: Adam Back To be sure, hardware wallets can still be secure custodial options, but providers need a better understanding of the emerging threat landscape, according to Blockstream CEO and Hashcash inventor Adam Back.

“Surprisingly few manufacturers understood the generic attacks, or so it seemed from their marketing and design choices, for the last decade. Time to catch up with threat-modelling,” wrote Back in a Saturday X post.

Source: Adam Back

However, Snyder said the main issue with self-custodial wallets is that their security depends on investors’ technical expertise and individual setup. She said:

“Without taking the time and rigor to set up properly, self-custody will always be less secure than handing over the assets to a specialist firm whose job it is to manage those protocols for you.”Bitcoin security researcher and cypherpunk Jameson Lopp also said that self-custodial wallets can be a robust option, but urged investors to avoid mass migration to create new central points of failure during rushed transactions.

Magazine: Bitcoiners turn to dice throws as self-custody setups are re-evaluated

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Russia’s largest stock exchange is about to let ordinary people buy actual Bitcoin. The Moscow Exchange, better known as MOEX, is set to launch spot trading in a short list of digital assets starting December 1, 2026.

There is a catch, naturally. Retail investors will face an annual purchase limit of 300,000 rubles, or approximately $3,600, and they will need to pass a knowledge test before they can buy anything.

What MOEX is actually launching The rollout covers three assets for everyday investors: Bitcoin, Ether, and Tether’s USDT stablecoin. That’s the whole menu for anyone who doesn’t hold qualified investor status.

The bigger shift is the product itself. Until now, MOEX offered crypto exposure through derivatives, contracts that track a price without handing over the underlying asset. Spot trading means investors will own the coins rather than a bet on where they’re headed.

Qualified investors play by looser rules. They face no purchase limits and get access to a wider range of digital assets beyond the three-coin starter pack.

The legal plumbing behind the launch The trading framework rests on Federal Law No. 282-FZ, which took effect on September 1, 2026. The exchange started testing the system with professional market participants on October 1, 2026, giving itself two months of dress rehearsals before opening day.

MOEX is also taking a practical route on infrastructure. Rather than spinning up a standalone crypto venue, it will run digital asset trading through its existing systems and licenses. The exchange won’t need any new licenses beyond its current authorization as a trading organizer.

Settlement is getting outside help. MOEX is partnering with digital depositories to handle the back-end work of moving assets between buyers and sellers.

Banks are lining up too MOEX isn’t making this move alone. Sberbank and VTB, two of Russia’s major banks, are preparing digital asset services for their clients ahead of the December launch.

What this means for Russian crypto investors The three-asset limit is telling. Bitcoin and Ether are the two largest and most established crypto assets, while USDT gives investors a dollar-linked stablecoin option. Anyone hoping to trade obscure altcoins through the national exchange will need qualified investor status first.

Market analysts predict that approximately 80% of digital asset trading volume will remain in unregulated channels, highlighting the challenges of repatriating offshore crypto activity. Russians who already trade crypto through unregulated platforms have no purchase limits, no tests, and access to thousands of tokens.

For regulators, the framework creates visibility into a market that has largely operated out of view. Every trade on MOEX will be tracked, settled through approved depositories, and subject to central bank oversight.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.

TL;DRBitcoin is at $83,340 after Friday’s dip to $81,000, and the market is consolidating. Shorts worth $149.84M were liquidated in the rebound. 

Standard Chartered launched RLUSD custody in Dubai, and Evernorth (XRPN) debuts on Nasdaq with 473M XRP. 

This week: US CPI is due Oct 14, PPI and jobless data Oct 15, and Fed Chair Warsh speaks Oct 16.

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Morning trading on Monday, October 12, 2026, opened with price consolidation for the cryptocurrency market. Bitcoin recovered to $83,340 after Friday's drop to $81,000, keeping the market capitalization in the range of $2.82–2.90 trillion. Trading volume during the European session was a moderate $52–58 billion ahead of the opening of the American trading venues.

The rebound from the lows triggered a wave of forced closures of short positions. According to Coinglass, the daily volume of liquidations on exchanges totaled $229.43 million, of which 65.3% ($149.84 million) fell on sellers.

While ETF inflows have paused, Strategy purchased another 250 Bitcoins, increasing its balance to 848,250 coins.

Cryptocurrency heat map capturing Bitcoin consolidation at $83,340 and market-wide recovery on October 12, 2026, Source: CoinMarketCapThis is consistent with the overall on-chain trend: over the last 12 months, investors moved more than 710,000 Bitcoins (about $59.5 billion) from exchanges to cold wallets.

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The main trigger of the morning was an infrastructure launch: Standard Chartered opened a custody service for the Ripple USD (RLUSD) stablecoin on the XRP Ledger network through its Dubai branch.

At the same time, trading in shares of Evernorth, which operates as a public XRP treasury, began on Nasdaq under the ticker XRPN.

Custody worth billions and an ex-director of Coinbase at the helm. A new stage for the XRP ecosystemStandard Chartered's custody service, launched jointly with LMAX Group, uses a collateral mirroring model. Institutional clients can use the RLUSD stablecoin for margin trading without directly transferring the asset to an exchange, which eliminates the operational costs of cross-border transfers.

This launch completes the banking giant's multi-year transition from early blockchain experiments to full-fledged industrial infrastructure. The companies' relationship dates back to 2015, when Standard Chartered conducted its first distributed ledger tests in trade finance and entered Ripple's capital, investing $55 million in the Series B round.

Since then, the partnership has evolved from RippleNet's commercial cross-border corridors, where the XRP token was not yet used, to venture financing of the market maker Keyrock and the integration of the bank's custody arm Zodia with Metaco infrastructure.

Total distributed RWA value on XRP Ledger as of October 12, 2026, showing RLUSD supply at $1.1B, Source: RWA.xyzThe current step takes the XRP Ledger ecosystem to a new level of tokenization. According to current data from rwa.xyz:

The total value of represented assets on XRPL is $4.47 billion.

The RWA sector volume is recorded at $496.45 million.

Stablecoin capitalization on the network stands at $1.18 billion.

The thirty-day volume of tokenized asset transfers grew by 1,456.8%, reaching $7.03 billion. The largest product remains the Ondo Short-Term US Government Bond Fund with a balance of $185.11 million.

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In parallel, RippleX and the XRP Ledger Foundation closed a critical bug in the payment engine that had existed since 2015. The vulnerability, discovered by the Veria AI team, led to a 64-bit number overflow during the execution of an order chain, allowing XRP to be purchased for pennies through the automatic generation of the difference by the ledger code.

The fix was released in rippled 3.4.1; an on-chain audit confirmed that the vulnerability was never exploited on the public network.

Against this backdrop, Class A shares of Evernorth (XRPN) and its warrants (XRPNW) debuted on Nasdaq after the merger with the SPAC Armada. The treasury fund holds 473 million XRP (about $672 million) and $300 million in cash on its balance sheet.

Evernorth's new chief investment officer Hugo Zhandeboz (formerly co-CIO of Coinbase Asset Management) announced that XRP reserves will be directed into credit derivatives strategies and liquidity pools in DeFi to increase yield per share. The institutions SBI and Arrington control 39.9% and 19.9% of the shares, respectively. A 6-month lock-up has been set for Ripple.

Binance checks and farewell to mining. What else happened on the crypto market this morningWallets linked to the Ethereum Foundation resumed selling, transferring 4,393 ETH (about $11.13 million) to the Kraken exchange. The addresses received these funds 10 years ago in the genesis distribution and have gradually cashed out 49,751 ETH on Kraken at an average historical price of $658.

The US Department of Justice has launched a review of Binance for compliance with the terms of the 2023 global settlement, under which the exchange paid $4.3 billion. Investigators are examining transactions through Hong Kong companies that may be linked to sanctions evasion. The agency has not brought any new formal charges, and Binance stated that it fully complies with sanctions compliance requirements.

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The mining infrastructure of the previous cycle continues to be repurposed for artificial intelligence. The Dutch investment company SWI Group raised 800 million euros from institutional investors at a business valuation of 6.1 billion euros. The capital will go toward modernizing the data centers of the miner Genesis Digital Assets (formerly owned by Alameda Research).

SWI CEO Max-Hervé George told the WSJ that the holding is completely ceasing Bitcoin mining, shifting all capacity to serving AI computing.

In other news, as part of the regulatory track, the CFTC is preparing federal rules for retail margin trading of crypto products, and Dubai's VARA regulator has issued Kraken operational approval to launch trading in pairs with the dirham (AED).

At last but not least, Microsoft co-founder Bill Gates warned in an interview with CNN about a rise in AI cyberattacks over the next 12 months due to hackers removing protective filters from commercial language models.

Bitcoin near the 60% mark. What the market should prepare for this weekThe technical picture points to market stabilization after the unloading of margin positions. Price movement is sideways, without pronounced speculative skews. The Bitcoin dominance index is near the 60% mark, concentrating capital in systemic assets ahead of the release of macroeconomic statistics from the US.

Key factors and triggers of the current week:

October 12–17: Annual meeting of the IMF and the World Bank in Washington.

Wednesday, October 14 (15:30 UTC): US Consumer Price Index (CPI) for September — the Fed's benchmark for the interest rate.

Wednesday, October 14 (21:00 UTC): Publication of the Fed's economic review, the "Beige Book."

Thursday, October 15 (15:30 UTC): Release of the Producer Price Index (PPI) and US unemployment data.

Friday, October 16 (06:30 UTC): Speech by Fed Chair Kevin Warsh.

Strong Dollar, Higher Rates, Bitcoin Up 29% “Bitcoin is still up 29% since 12 June, a gain these three markets largely do not explain, which points to demand specific to Bitcoin.” – By @Crazzyblockk Complete breakdown ⤵️ https://t.co/v96zpISKKW https://t.co/LWVhsnERVw

— CryptoQuant.com (@cryptoquant_com) October 12, 2026 Bitcoin (BTC): trading at $83,340 (+0.31%) with dominance of 59.38%. Support has formed at $82,000, and MicroStrategy's purchases create a solid price floor for the current consolidation.

Ethereum (ETH): recovered to $2,544 (+1.58%) with dominance of 11.02%. The token holds above the $2,500 support, where spot pressure from the Ethereum Foundation was fully offset by the closing of $54.84 million in shorts. The nearest resistance is $2,620.

XRP and altcoins: XRP holds the $1.3980 level (+0.29%) with a market share of 3.13%. The Evernorth listing and the launch of Standard Chartered's custody fully neutralized the technological risks of the closed bug. Solana (SOL) recovered to $110.94 (+1.22%), and BNB holds the $749.37 mark (+0.08%), showing a neutral reaction to the Department of Justice review.

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3 minutes ago

AMD unveils Helion AI agent rack solution, with each rack supporting up to 32,768 CPU cores.

Beating AI News (from Dongcha) – AMD today announced the launch of the AMD Helion Agent AI Rack Solution. Built on an open infrastructure design compliant with Open Compute Project (OCP) specifications, the solution is engineered to meet the computing power demands of large-scale AI agent tasks, supporting flexible combinations of CPUs and GPUs. It offers two primary configurations: The first is a CPU-only rack powered by 6th Gen AMD EPYC processors, supporting up to 32,768 CPU cores, designed for hyperscale deployments, providing dedicated computing power for agent tasks and connecting to separate model inference infrastructure. The second is an integrated rack combining AMD EPYC CPUs, AMD Instinct MI350P GPUs, and general-purpose compute nodes, targeted at enterprise-grade agent AI applications. AMD states that Helion supports both liquid and air cooling configurations, allowing customers to adjust CPU and GPU resources based on their workload, performance, power consumption, and cost needs. The solution also integrates open-source software and hardware plus a built-in token router, enabling the distribution of agent model calls to both frontier and open-source models. AMD plans to submit the Helion specifications to the OCP for further community development and adoption. Currently, the solution is being developed in collaboration with ecosystem partners, with a launch scheduled for November 2026.

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Head of Microsoft’s AI Agents Bets on 2027: AI Will No Longer Wait for Queries, Delivering Work Results Directly via Information Streams

Beating AI News: Nicolas Bustamante, head of Microsoft’s proactive AI Agent team, predicts AI streams will become the mainstream interaction method by 2027. Chat-based models leave too much work to users—requiring them to figure out AI’s capabilities, write prompts, provide context, and repeatedly direct agents. For billions to use agents daily, not everyone can be expected to master these tasks. Bustamante’s envisioned AI stream works like an auto-updated to-do list: AI drafts emails needing responses; when sales data refreshes, team reports are prepped. Users browse it like social media, approving, editing, or ignoring items, only turning to chat for complex issues. Meta’s Muse already proactively suggests and executes tasks. The model also has commercial logic: as users open the stream daily, AI recommends restaurants, goods or services based on their plans, with clearly labeled ads covering the agent’s operational costs.

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A crypto whale reallocated its UBTC holdings into 16,700 ETH, worth $42.46 million.

According to monitoring by AI Aunt, a crypto whale address swapped its UBTC holdings for 16,704.47 ETH over the past 22 hours, worth approximately $42.46 million, at an average purchase price of around $2,541.89.

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Microsoft's stock price has hit a nearly one-year high, and the company announced plans to massively deploy its in-house developed AI chips.

According to BIT (Bit.com) market data, Microsoft’s stock price hit a near one-year high, rising 0.8% intraday. On the news front, Microsoft plans to gradually increase the use of its self-developed AI chips in data centers to reduce reliance on NVIDIA GPUs. Microsoft stated that it will mainly rely on its self-developed Maia chip architecture to handle AI model requests in the future, and plans to deploy several gigawatts of computing power on the Maia series chips. Microsoft unveiled its third-generation AI accelerator chip, the Maia 300, on Monday, which is expected to enter production in 2027. Each data center rack can hold 96 Maia 300 chips, double the number of the previous-generation Maia 200; compared with GPUs, its AI token processing capacity per rack can reach up to 7 times higher, and the number of tokens processed per megawatt increases by approximately 40%. Microsoft said the Maia 300 is expected to boost AI service performance and lower data center operating costs. Evercore ISI analysts forecast that by the first quarter of 2027, Maia chips will account for around 10% of Microsoft’s AI chip spending.

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