TLDR US government linked wallets moved 833.6 BTC worth $71.56 million to Coinbase Prime, according to EmberCN. The same wallets also moved 40,285 BNB worth $31.63 million through several addresses. A transfer to Coinbase Prime does not confirm a sale, since the platform offers both custody and trading. Bitcoin placed in the Strategic Bitcoin Reserve cannot be sold under a March 2025 executive order. No federal agency has announced a sale connected to the latest transfer. A wallet linked to the US government has moved about $103 million in crypto, according to on-chain analyst EmberCN. The transfers included 833.6 BTC worth $71.56 million and 40,285 BNB valued at $31.63 million.
The Bitcoin was sent to Coinbase Prime. The BNB moved through several addresses before reaching an address starting with 0xBE7 and ending in 81E.
EmberCN estimates that US government linked addresses still hold about $28 billion in digital assets. Most of that is Bitcoin, with roughly 324,000 BTC worth $27.7 billion.
Does the Transfer Mean a Bitcoin Sale? The move to Coinbase Prime has raised questions about a possible sale, since the platform can carry out trades. However, the on-chain data does not confirm that any coins were sold.
The US Marshals Service chose Coinbase Prime in July 2024 for custody and trading of large digital assets seized in federal cases. Assets sent there can be stored or traded.
A similar question came up in July, when government wallets moved nearly $297 million in seized Bitcoin and Ether to Coinbase Prime. No sale was ever confirmed from those transfers.
President Donald Trump signed an executive order in March 2025 that created the Strategic Bitcoin Reserve. It also set up a separate US Digital Asset Stockpile for other cryptocurrencies.
Under the order, Bitcoin that has been fully forfeited and placed in the reserve “shall not be sold.” The rule does not cover every coin in a government wallet, since some assets are tied to court orders or victim restitution.
Other cryptocurrencies, such as BNB, can go into the Digital Asset Stockpile. There, the Treasury secretary can decide how to manage them under existing law.
How Bitcoin Reacted to Past Government Transfers Earlier government transfers to Coinbase were sometimes followed by short-term price drops. In June 2024, authorities moved 3,940 BTC worth about $240 million, and Bitcoin fell about 2%.
In August 2024, another 10,000 BTC worth roughly $594 million went to Coinbase Prime. Bitcoin dropped 3.6%, though the decline began before the funds arrived.
In July 2024, a government wallet moved about $2 billion in Bitcoin, and the price fell around 1%. In December, another wallet moved nearly 20,000 BTC worth about $1.92 billion.
The government has sold seized Bitcoin before. In March 2023, officials sold 9,861 BTC tied to Silk Road for about $216 million, which was later confirmed in a court filing.
In June, government wallets moved seized FTX and Alameda assets worth nearly $984,000, with at least $768,000 reaching Coinbase Prime. Arkham said those funds were meant to help repay FTX creditors.
No federal agency has announced a sale tied to the latest 833.6 BTC transfer. Confirming a sale would require more transaction data or a statement from the government or Coinbase.
Wallets linked to the U.S. government transferred 833.599 BTC to Coinbase Prime and 40,285 BNB to a fresh wallet on Tuesday, according to Onchain Lens.
U.S. government moves $103 million in seized BTC, BNB, sending BTC to Coinbase Prime
Posted October 7, 2026 at 6:04 am ET.
Wallets linked to the U.S. government moved $103.19 million in seized and forfeited crypto on Tuesday, Onchain Lens said in an X post. The moves include 833.599 BTC, worth $71.56 million, sent to Coinbase Prime, and 40,285 BNB, worth $31.63 million, sent to a fresh wallet.
Onchain Lens tied the bitcoin to forfeitures in the Potapenko/Turogin and Bitfinex hack cases, and the BNB to seized FTX and Alameda funds. Arkham labels put roughly 568.7 BTC of the bitcoin in the Potapenko/Turogin forfeiture, with about 264.9 BTC coming from the Bitfinex case.
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No Sale Announced Coinbase Prime is an institutional custody and trading platform, so a deposit there does not by itself show that the coins were sold. Unchained found no announcement of a sale tied to the transfers at the time of publication.
A March 2025 executive order says government bitcoin deposited into the Strategic Bitcoin Reserve “shall not be sold.” That language applies to coins placed in the reserve. The same order creates a separate Digital Asset Stockpile for digital assets other than bitcoin that the Treasury Department owns and that were finally forfeited, and says the Treasury secretary “shall determine strategies for responsible stewardship” of it.
HashFlare Case Background Estonian nationals Sergei Potapenko and Ivan Turõgin, who operated the purported mining service HashFlare, pleaded guilty in February 2025 to conspiracy to commit wire fraud and agreed to forfeit assets worth more than $400 million as of the plea date. The Justice Department said at the time that the forfeited assets “will be available for a remission process to compensate victims of the crime.”
Related Listen: Inside the Coldcard Hack That Drained Over $100 Million in Bitcoin: Uneasy Money
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.
Ledger announced at Singapore’s TOKEN2049 conference the launch of its Crypto Loan feature, which allows eligible users to borrow USDC or USDT using cbBTC or WBTC as collateral, enabling them to access liquidity without selling their Bitcoin. The feature is powered by decentralized lending protocol Morpho via technical service provider Yield.xyz. Users can directly create and manage loans, monitor loan-to-value (LTV) ratios, add collateral, repay loans, or increase borrowing limits within the Ledger Wallet. Key operations still require physical confirmation via Ledger’s hardware devices, with private keys and final transaction authorization remaining fully under users’ control. Ledger also announced that its hardware devices will support direct connection to Morpho, eliminating the need for browser extensions or software wallets. The company noted that the Crypto Loan feature will be rolled out gradually to eligible users. This move further advances Ledger’s expansion from a hardware wallet provider into the financial services sector. Previously, Coinbase launched a Bitcoin-backed fixed-rate loan built on Morpho, while JPMorgan is also exploring using Bitcoin and Ethereum as loan collateral.
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.
Ledger has introduced Bitcoin-backed borrowing through Morpho in its wallet app, allowing eligible users to pledge cbBTC or wBTC for USDC or USDT loans.
Summary
Crypto Loan supports two Bitcoin collateral tokens and borrowing in USDC or USDT. Ledger says loan rates vary with lending-market use, and borrowers face liquidation risk. Morpho direct access lets users approve lending transactions through their Ledger hardware devices. A 250-unit Spurs device costs €199, with U.S. sales restricted to parts of Texas. Ledger, in a press release dated Oct. 7, said Crypto Loan would begin a gradual rollout to eligible Ledger Wallet users following its unveiling at TOKEN2049 Singapore. The company described the feature as a way to borrow stablecoins against Bitcoin-linked assets without selling them or placing collateral with a centralized lending platform.
Through the same announcement, Ledger and Morpho introduced direct access to Morpho for Ledger hardware users, while the wallet maker also presented a limited-edition San Antonio Spurs device. Ledger said borrowing availability would depend on the user’s country, with access expanding progressively.
Ledger loans use cbBTC and wBTC as collateral Under the arrangement outlined by Ledger, borrowers can pledge Coinbase Wrapped Bitcoin, or cbBTC, and Wrapped Bitcoin, or wBTC, to receive USDC or USDT. Morpho provides the decentralized lending infrastructure, while Yield.xyz handles the loan flow and position monitoring inside Ledger Wallet.
Within the app, Ledger said users can open a loan, check its loan-to-value ratio, add collateral, and repay the debt. The company also listed borrowing more and withdrawing eligible collateral among the actions available through the interface.
Before taking out a loan, eligible users can run a simulation to explore their available options, according to the release. Ledger said key transactions would use its Clear Signing feature and require physical approval on a Ledger hardware device before execution.
For the borrowing product, Ledger’s terms specify variable interest rates determined by utilization in the underlying isolated lending markets. The company also states that liquidation risks apply and identifies itself as a technology provider rather than a financial adviser.
Ledger described the setup as self-custodial, with private keys kept offline by the hardware device and transaction approval remaining with the user. Its description separates the wallet interface, which handles access and loan management, from the signer used to authorize actions.
Morpho access adds hardware approval to lending Alongside the in-app loan feature, Ledger said its direct connection to Morpho would become available to all users on Oct. 7. The connection lets people access decentralized applications with a Ledger signer without first using a browser wallet extension or a separate software wallet, according to the company.
For Morpho users, Ledger said the integration supports lending and borrowing through a direct hardware connection. High-value actions, including Morpho Vault approvals, would use Clear Signing and hardware-backed authorization, the release stated.
Paul Frambot, Morpho’s co-founder, said the borrowing service would sit beside Ledger Earn, which already uses Morpho.
“Crypto Loan now complements Ledger Earn, also powered by Morpho, to create a powerful liquidity flywheel within Ledger Wallet: stablecoins deposited through Earn can fund the very loans Bitcoin holders now access through Crypto Loan, all within the same self-custodial environment.”
On the technical side, Yield.xyz CEO Serafin Lion Engel said the integration supplies transaction construction and position monitoring rather than requiring Ledger to build those functions itself. Engel described that arrangement as “the integration model we’ve built Yield.xyz around.”
Ledger’s release also states that its devices secure almost 30% of Bitcoin held by retail investors. The company reported more than 8 million signers sold across over 165 countries and support for more than 10 languages.
Earlier Morpho products offer cbBTC borrowing and wallet-based lending In a Sep. 22 report, crypto.news covered Coinbase’s introduction of fixed-rate cbBTC loans through Morpho Midnight on Base. Coinbase said customers could select an interest rate and maturity when accepting a loan offer, alongside its existing variable-rate borrowing service.
At that time, Coinbase’s variable-rate product had more than $1.4 billion in outstanding loans secured by roughly $3 billion in collateral, according to figures supplied with its announcement. Those figures covered borrowing through Coinbase’s interface rather than every Morpho integration.
For eligible American borrowers, the same report described Coinbase’s earlier rollout to most U.S. states, with New York excluded at launch. Coinbase converts pledged Bitcoin into cbBTC and sends the token to a Morpho smart contract on Base; the company describes cbBTC as backed one-for-one by Bitcoin held in its custody.
On July 31, Uniswap announced Morpho-powered lending vaults through its Earn product, supporting USDC, USDT, and ETH deposits on Ethereum mainnet. According to Uniswap’s launch announcement, users could access the service through its web app and wallet, without a mandatory lockup or cooldown period.
In that setup, Morpho supplies the lending infrastructure, and Gauntlet curates the vaults, with interest paid by borrowers generating deposit returns. Uniswap said it charged no separate Earn fee, although users remained responsible for Ethereum transaction costs.
Spurs edition sales are limited to selected markets For its separate hardware announcement, Ledger said it would produce 250 Nano Gen5 Spurs Edition devices priced at €199 each. The company described the release as its first signer created for San Antonio Spurs fans and the first NBA-approved licensing deal of its kind.
Each unit includes an engraved Nano Gen5, custom Spurs packaging, an exclusive Spurs Badge and a $20 Bitcoin voucher, according to Ledger. The release comes one year into the companies’ partnership.
Under the announced schedule, Ledger said the device would debut at TOKEN2049 Singapore on Oct. 7–8, followed by a drop at Ledger Op3n in Paris on Oct. 15. Another release is scheduled in San Antonio on Oct. 20 to celebrate the Spurs’ NBA season opener.
Spurs chief commercial officer Frank Miceli said the collaboration gives fans another way to show their support through a team-branded product. He added that the organizations would continue exploring ways to connect with Spurs fans.
Under NBA licensing restrictions described by Ledger, authorized sales are limited to Singapore, Paris and Texas, excluding Dallas and Houston. Online purchases through Ledger.com are restricted to customers in the permitted Texas areas, and the company said the edition would not be sold elsewhere in the United States or Canada.
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 privacy-focused cryptocurrency Zcash (ZEC) continues to be a topic of discussion in the cryptocurrency market and is often compared to Bitcoin.
At this point, the latest statements have come from Balaji Srinivasan, former CTO of Coinbase.
Speaking at the TOKEN2049 Singapore event, Balaji Srinivasan pointed to different use cases for Bitcoin and ZEC.
At this point, Srinivasan says that Bitcoin could become the reserve currency of Western institutions, while Zcash would become the currency used by individuals for financial privacy.
Emphasis on Institutional Reserves for Bitcoin, Zcash for Individuals! According to Srinivasan’s assessment, Bitcoin could assume the role of a reserve currency or reserve asset, particularly for Western institutions seeking to demonstrate solvency and financial soundness.
This approach reinforces the idea that Bitcoin could move beyond being merely a digital asset preferred by individual investors and instead occupy a more significant position in the balance sheet and reserve strategies of institutions.
Srinivasan also pointed out a different cryptocurrency for individual users. According to him, Zcash can be used as a form of money for individuals who want to protect their financial privacy.
Srinivasan also considered ZEC as a shield that could help users regain the financial privacy they have lost. This view is based on the expectation that the privacy-focused technology, one of Zcash’s core features, may become even more important in the future.
*This is not investment advice.
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TLDR: U.S. government-linked wallets moved $103M in crypto, including 833.6 BTC and 40,285 BNB, on October 7. Coinbase Prime received 833.6 BTC worth about $71.56M, while no federal agency confirmed any sale. BNB worth $31.63M moved from an FTX-Alameda seized-funds wallet before reaching an unlabeled address. U.S. government-linked wallets still held about $28B, including roughly 324,000 BTC after the transfers. U.S. government-linked wallets moved about $103 million in cryptocurrency on October 7, directing Bitcoin to Coinbase Prime and BNB through several addresses. Lookonchain and EmberCN tracked 833.6 BTC worth about $71.56 million and 40,285 BNB valued near $31.63 million.
The BNB ultimately reached the unlabeled address 0xBE7…81E. Meanwhile, transaction labels linked the Bitcoin to the Sergei Potapenko-Ivan Turõgin case and the 2016 Bitfinex hack. The BNB, by contrast, originated from a wallet associated with seized FTX-Alameda funds.
$103M BTC and BNB Transfer Draws Coinbase Prime Scrutiny The Bitcoin destination drew attention as Coinbase Prime provides institutional custody and trading services. However, the transfer itself does not establish that any BTC was sold. The U.S. Marshals Service selected Coinbase Prime in 2024 to manage large-cap digital assets held through federal forfeiture programs.
Such transfers can therefore reflect custody, consolidation, or authorized disposal preparation. No federal agency had announced a sale linked to the 833.6 BTC movement by October 7. Similar government-linked transfers occurred in July without confirmed liquidation. The Justice Department previously said authorities recovered about 95,000 BTC from the Bitfinex theft.
Meanwhile, the Potapenko-Turõgin case provides additional administrative context, although no direct connection has been established. Prosecutors said HashFlare generated more than $577 million in sales, while the defendants agreed to forfeit assets worth over $400 million.
In a September 24 update, authorities said the victim-remission process depends on liquidating forfeited assets. However, the agency has not linked Wednesday’s Bitcoin transfer to that process, leaving the purpose of the latest movement unconfirmed.
Reserve Rules Separate Bitcoin From BNB Treatment President Donald Trump’s March 2025 executive order created the Strategic Bitcoin Reserve and a separate U.S. Digital Asset Stockpile for non-Bitcoin assets. Under Executive Order 14233, finally forfeited Bitcoin placed in the reserve shall not be sold.
Exceptions remain for court orders, restitution, law-enforcement needs, and statutory duties. Nonetheless, BNB falls under the separate stockpile framework, where the Treasury secretary has broader authority over responsible stewardship.
That distinction matters as the latest assets originated from enforcement cases rather than government purchases. EmberCN estimated that U.S. government-linked addresses still hold roughly $28 billion in crypto after the transfers.
The total includes about 324,000 BTC worth $27.7 billion. However, tracked wallet balances do not necessarily equal the official Strategic Bitcoin Reserve. Some assets may remain subject to forfeiture proceedings, restitution claims, or restrictions.
For now, blockchain data confirms movement into Coinbase Prime and external addresses. Establishing liquidation would require further wallet activity, a court filing, or an official disposal notice.
TLDR Real Vision’s Raoul Pal observes liquidity beginning to flow from AI equities into cryptocurrency markets A declining US dollar could provide the catalyst for an extended crypto market rally, according to Pal Ethereum and Solana may see increased network activity from AI agent transactions Bitcoin likely won’t capture significant AI-driven blockchain activity, Pal suggests Pal expresses skepticism about predictions that Solana will surpass Ethereum’s market capitalization this cycle Raoul Pal, the founder of Real Vision, believes liquidity is beginning to rotate out of artificial intelligence stocks and back into cryptocurrency markets. He shared these observations during an appearance on Trade Secrets with Cointelegraph.
ROTATION: Raoul Pal says capital is starting to rotate back into crypto from AI. 👀
His tell: when $BTC ran ~25% to $80K in late August, Nvidia had 7 straight red days.
AI cools off, crypto heats up. The money's moving. pic.twitter.com/xlahu0jz8Z
— CryptosRus (@CryptosR_Us) October 7, 2026
According to Pal, elevated bond yields combined with a robust US dollar have constrained liquidity flows across financial markets. He suggested that dollar weakness could serve as a catalyst for continued upward momentum in digital assets.
“If they can engineer the dollar lower, then we get a green light for further movement in crypto,” Pal explained. He clarified that he hasn’t yet observed a comprehensive green light signal across all asset classes.
The US Dollar Index has been hovering near its 2025 peaks. Meanwhile, the US 10-year Treasury yield reached 5.29% in September, while the Federal Reserve implemented a 25 basis point rate increase.
Cryptocurrency Gains Have Coincided With AI Stock Corrections Bitcoin’s current cycle recovery primarily occurred between August 19 and August 25, during which the flagship cryptocurrency surged approximately 25% to reach $80,000. Throughout that identical period, artificial intelligence chip manufacturer Nvidia experienced seven consecutive days of declining share prices.
Pal noted that whenever the AI trade experiences temporary slowdowns, capital tends to flow toward cryptocurrencies. This pattern demonstrates that liquidity remains constrained rather than freely available throughout financial markets, he argued.
However, Pal emphasized that a severe crash in AI stocks wouldn’t benefit crypto markets. Such a scenario would indicate liquidity draining from the entire financial system, which would create headwinds for digital assets as well.
Pal outlined his ideal scenario: a weakening dollar, a steepening yield curve, and expanded bank lending activity. Failing that, his secondary preference would be for AI stocks to consolidate sideways while investment capital migrates into cryptocurrency markets.
AI Agents Could Drive Transaction Volume on Ethereum And Solana In June, Amazon Web Services unveiled functionality enabling AI agents to purchase web content using stablecoins. Coinbase facilitates payment verification through its x402 protocol, with USDC on the Base network included among the supported payment options.
Pal suggested that AI agents might eventually launch fundraising initiatives by creating tokens for projects spanning timeframes from one week to twelve months. He believes Ethereum and Solana could experience heightened adoption as software applications leverage their smart contract infrastructure for transactions.
Bitcoin is unlikely to capture a substantial portion of this emerging activity, he said.
Regarding predictions that Solana will eclipse Ethereum in market capitalization, Pal expressed caution. Multicoin Capital co-founder Kyle Samani stated last month that Solana would exceed Ethereum’s market cap during this market cycle.
Pal responded that Samani “needs to hold his horses a little bit,” while acknowledging the possibility exists.
On Monday, Solana recorded approximately 3.2 million active addresses within a 24-hour window, whereas Ethereum registered 387,000, based on DefiLlama data. Ethereum currently secures roughly $54.4 billion in decentralized finance protocols, compared to Solana’s $6.7 billion.
Pal explained that he evaluates the two networks using a metric he terms “economic density,” calculated as total value locked divided by active users. According to this framework, Solana’s activity predominantly consists of speculative trading involving smaller capital amounts per participant.
Pal disclosed that he no longer provides public price predictions because his forecasts frequently circulate without proper context on social media. He characterized the million-dollar Bitcoin by 2030 projection as a “meme,” though he wouldn’t entirely dismiss it happening by 2032.
FNB Brings Crypto to Nearly 9 Million CustomersFirst National Bank (FNB), the retail banking arm of South Africa's second-largest banking group by assets, has launched a crypto investing service for its customers. The bank built the service in partnership with VALR,
A Walled Garden Approach to Compliance
Sources:
TechCentral: FNB launches crypto trading
Crypto.news: FNB lets South Africans buy Bitcoin, crypto from R10
FNB Official Release via Novus Press Bulletin: FNB expands its alternative investments solutions by introducing crypto assets
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bitcoin and XRP are dominating the U.S. crypto spot ETF market, with the latest fund data showing a substantial gap between them and products tracking Solana and most other cryptocurrencies.
Do ETFs follow capitalization?Bitcoin remains in a league of its own, of course. BTC spot ETFs hold approximately $110.68 billion in net assets, representing 6.54% of Bitcoin's total market capitalization. Cumulative net inflows have reached $57.84 billion, while the latest session added another $118.86 million. Daily trading volume stands at roughly $1.84 billion.
Source: SosovalueXRP is considerably smaller in absolute terms but stands out among altcoin ETFs. Its five spot ETFs have accumulated approximately $1.70 billion in net assets and $1.80 billion in cumulative inflows. The latest session produced another $3.14 million in inflows, while 30-day inflows reached $112.01 million.
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Solana, despite having nine ETFs, currently trails XRP with around $1.93 billion in assets but only $1.59 billion in cumulative net inflows. SOL also recorded a $3.68 million daily outflow, tracking substantially lower against XRP's continued positive flows.
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Other altcoin products remain smaller too. Zcash ETFs hold roughly $789 million, while Hyperliquid products have about $507 million. Chainlink stands at $236 million, with BNB at around $102 million.
ETF doesn't help the priceBitcoin trades around $84,100 after another rejection from the $86,000–$87,000 region. The broader structure remains bullish, but momentum has cooled and $83,000 is emerging as immediate support. Losing it could expose the rising short-term average around $82,000.
XRP has slipped toward $1.47 after failing to sustain its latest move above $1.50. Its first important support sits around $1.45, followed by the much stronger $1.38–$1.40 region.
ETF demand, therefore, has not eliminated short-term volatility. But the capital distribution is increasingly clear: Bitcoin continues to absorb the overwhelming majority of institutional spot-ETF capital, while XRP has established itself as one of the strongest altcoin products, competing with and, in several flow metrics, outperforming Solana.
Spot ETFs tracking Bitcoin and XRP continue to dominate the US crypto asset landscape, significantly outpacing funds tied to Solana and a range of other altcoins according to the latest fund data.
BTC, XRP lead spot ETF marketBitcoin asserts its position as the leading cryptocurrency in the US spot ETF sector. Bitcoin spot ETFs currently control approximately $110.68 billion in net assets, which equals 6.54% of Bitcoin’s total market capitalization. Cumulative net inflows now reach $57.84 billion, and the most recent trading session saw another $118.86 million added. Trading activity remains robust, with daily volumes estimated at around $1.84 billion.
Bitcoin ETFs have become the primary vehicle for institutional capital, with their net assets holding steady above $110 billion and daily flows topping $100 million.
XRP, while much smaller compared to Bitcoin, stands out among altcoin ETFs. The five spot ETFs tracking XRP have now accumulated close to $1.70 billion in net assets, with cumulative inflows slightly higher at $1.80 billion. For the latest session, XRP ETFs attracted $3.14 million, bringing the 30-day total inflows to $112.01 million.
Solana slips behind top ETF performersDespite offering a larger number of ETFs, Solana lags behind XRP in several metrics. Nine spot ETFs provide exposure to Solana, holding assets totaling about $1.93 billion. However, cumulative net inflows remain lower than XRP at $1.59 billion. The most recent session reflected this negative trend, as Solana ETFs saw a daily net outflow of $3.68 million, contrasting with XRP’s continued positive inflows.
ETFNumber of FundsNet AssetsCumulative Net InflowsLatest Daily FlowBitcoin–$110.68 billion$57.84 billion$118.86 million (inflow)XRP5$1.70 billion$1.80 billion$3.14 million (inflow)Solana9$1.93 billion$1.59 billion$3.68 million (outflow)Altcoin ETF assets remain modestSeveral other altcoin spot ETF products remain smaller in comparison to the leaders. Zcash ETFs currently report holdings of around $789 million in assets. Hyperliquid ETF products stand at roughly $507 million, while Chainlink sees $236 million in assets and BNB records about $102 million.
Volatility persists despite ETF growthMajor crypto assets remain volatile even as ETF inflows increase. Bitcoin trades near $84,100, having once again faced resistance just below $87,000. While the overall trend for BTC is still bullish, momentum has slowed and immediate support levels are being tested around $83,000. A drop below this level could shift attention toward the short-term average closer to $82,000.
XRP’s price action has also weakened, slipping toward $1.47 after failing to sustain a push above $1.50. First support now lies around $1.45, with more significant backing in the $1.38–$1.40 zone.
ETF demand continues to concentrate around Bitcoin, which attracts the bulk of institutional spot ETF investment. XRP has emerged as the main altcoin competitor, at times outpacing Solana in net ETF inflows, and now holds a clear position among the largest non-BTC ETF products in the US market.
TLDR First National Bank launched Crypto Investing on October 6 for nearly 9 million retail customers. Customers can trade Bitcoin, Ethereum, XRP, Solana and USDT from R10, 24 hours a day. The service runs through FNB’s existing share-trading platform in partnership with South African exchange VALR. Crypto cannot be moved into or out of the platform because of security, compliance and exchange-control rules. FNB plans to add more assets and educational content but has not given a timeline. South Africa’s First National Bank has launched a crypto trading service for nearly 9 million retail customers. The service, called Crypto Investing, went live on October 6.
Customers can buy, sell and trade selected cryptocurrencies through the bank’s existing share-trading platform. They do not need to open a separate account with a crypto exchange.
The service supports five digital assets at launch. These are Bitcoin, Ethereum, XRP, Solana and USDT, a stablecoin issued by Tether that is pegged to the US dollar.
Trades start from as little as R10, or 10 South African rand. Trading is available 24 hours a day, seven days a week.
Customers can access crypto through FNB’s Share Saver, Share Builder, Share Investor and Share Zero products. Purchases are funded directly from their FNB accounts.
JUST IN: 🇿🇦 South Africa's First National Bank launches crypto trading for nearly 9 million customers.
The following cryptocurrencies can now be traded:
• XRP
• USDT
• Solana
• Bitcoin
• Ethereum
— Watcher.Guru (@WatcherGuru) October 6, 2026
Crypto Stays Inside FNB The service works differently from a typical crypto exchange. Customers cannot withdraw their crypto to an outside wallet or send it to another exchange.
They also cannot bring crypto they already own on another platform into the FNB service. The bank said the service is ring-fenced within its own system.
FNB cited security, compliance and South African exchange-control rules as reasons for this setup. As a result, the service offers market exposure but not the control that comes with a self-custody wallet.
Customers can buy and sell the supported assets as an investment. However, they cannot use them directly on blockchain networks.
VALR Provides the Trading Technology FNB partnered with VALR, a South African crypto exchange, to power the service. VALR was founded in 2018 and is based in Johannesburg.
VALR says it serves more than one million users and nearly 1,000 corporate and institutional clients. It holds South African Financial Services Provider licenses and is registered as an accountable institution with the Financial Intelligence Centre.
The deal lets FNB add crypto to its platform without sending customers to a separate exchange. It also gives VALR access to a large banking customer base.
Bheki Mkhize, CEO of FNB Wealth and Asset Management, said the bank had seen rising customer interest in crypto. “Clients require a trusted platform, which FNB provides,” he said. “This gives them access to alternative assets to help diversify their investments.”
FNB joins other South African banks moving into digital assets. Discovery Bank previously partnered with Luno, letting customers buy, hold and sell crypto through linked Luno accounts.
Absa has partnered with Ripple on institutional digital-asset custody. Nedbank has been working with Crypto.com on blockchain-based payment, settlement and liquidity solutions.
FNB’s service is focused on retail investors. It brings crypto into a banking and investment platform that customers already use.
The bank said it plans to add more crypto assets and educational content over time. It has not said which assets will be added or when they will become available.
As of October 7, 2026, FNB customers can trade five cryptocurrencies from R10 through the platform. Crypto still cannot be transferred into or out of the service.
U.S. government transfers BTC and BNB worth over $100 million. (Arkham)Summary
Wallets linked to the U.S. government transferred more than $100 million in cryptocurrency Tuesday, including about $71.6 million in bitcoin and $31.6 million in BNB.The Bitcoin, seized in the Potapenko-Turogin and Bitfinex cases, was ultimately sent to Coinbase Prime deposit addresses, while the BNB came from assets seized from Alameda Research.The government still holds about $27.5 billion in seized cryptocurrency.Wallets supposedly linked to the U.S. government moved more than $100 million in crypto on Tuesday, according to data from blockchain intelligence firm Arkham.
The government sent 833.599 BTC, worth about $71.6 million at the time, to two addresses Arkham doesn't label. Within hours, both addresses passed the coins on to addresses Arkham labels as Coinbase Prime deposit addresses.
A separate government-labeled wallet sent about 40,285 BNB, worth $31.63 million, to another unlabeled address, 0x7F68F63fB3A9CCCf352409603421E0A574FbAD90. That address then sent all of it on to a second unlabeled address, 0x6fB3Fe7b7E78AbB84CE007cBC7412C850B15A579.
The BTC came from a wallet Arkham labels as Potapenko/Turogin forfeited funds (568.7 BTC) and from coins seized in the Bitfinex hack case (264.9 BTC). The BNB came from assets seized from Alameda Research.
The government still holds about $27.5 billion in crypto, all of it seized in enforcement actions. To date, it has not used taxpayer money to make new purchases.
Such transfers often spark fears of an impending sale, but that doesn’t appear to be the case here.
"A transfer is not the same as a sale. Under a March 2025 executive order, bitcoin forfeited to the government is meant to be held in a Strategic Bitcoin Reserve," Jose Rosell, market commentator, said on X.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Arthur Hayes, co-founder and former CEO of BitMEX, stated that the ongoing surge in artificial intelligence investments could eventually serve as a catalyst for significant growth in Bitcoin and the broader cryptocurrency market, particularly if the current AI boom collapses.
AI investments and risk of capital misallocationSpeaking at the Gamma Prime Investing Conference in Singapore during an interview with CNBC, Hayes called current capital flows into AI data centers a case of multitrillion-dollar misallocation. He pointed out that the scale of money entering the sector has the potential to lead to an oversupply of massive compute infrastructure.
Hayes argued that, “all this means is that we will have cheap and accessible massive compute power,” adding that this could have significant impacts on financial markets if the investment frenzy falters.
Hayes suggested that while the construction of extensive AI infrastructure could create near-term market volatility, the longer-term effect might be an oversupply that disrupts the sector’s balance. He believes such misallocation can increase the risk of a future credit crisis, mirroring past financial bubbles.
Mini dictionary: BitMEX — A cryptocurrency derivatives trading platform known for leveraged Bitcoin products. Arthur Hayes co-founded BitMEX in 2014 and served as its CEO until 2020.
Potential fallout and impact on crypto assetsHayes explained that, should the AI buildout end with a broad credit event, government and central bank intervention would likely follow. In this scenario, authorities would inject additional liquidity into the global financial system in an attempt to stabilize markets.
He noted that, in his view, “Bitcoin and other cryptos are the likely winners of all this excess cash,” suggesting that the monetary policies designed to address a crisis could echo past events that fueled digital asset rallies.
Hayes clarified that an AI downturn might not immediately benefit cryptocurrencies. He remarked that an initial market unwind could negatively affect risk assets, including Bitcoin and equities. However, the subsequent monetary response—potentially including stimulus or easing measures—could provide a supportive environment for digital assets to outperform.
ScenarioImmediate EffectLong-Term EffectAI crashNegative for risk assetsSupportive for Bitcoin and crypto after monetary interventionContinued AI demandSupports infrastructure growthPotential for companies to justify high compute investmentsTimeline and alternative outlooksHayes projected that this dynamic could materialize near 2027–2028, coinciding with the period when many AI infrastructure providers must show profitability to validate the massive capital spent.
He also acknowledged the possibility that surging demand for AI over the next year might validate these investments. In his view, companies could expand into their new infrastructure costs if AI’s utility grows rapidly enough.
Hayes referenced previous remarks he made in August, when he likened the current investment cycle in AI infrastructure to the lead-up to the 2008 financial crisis. He instructed market participants to focus on the extensive debt financing required for data centers and advanced hardware, rather than simply seeing this moment as another tech bubble.
Despite his skepticism about the pace of AI infrastructure growth, Hayes said he is not currently “shorting the AI boom.” However, he emphasized that he sees substantial overbuilding in the sector.
Bitcoin slipped to a one-week low overnight after failing to capture the optimism enjoyed by U.S. equity markets following a fresh tech rally.
The S&P 500 and Nasdaq composite surged to new records on Tuesday in the latest leg of a tech-led upswing in equities. But bitcoin slipped over 2% on the day, before paring some losses to trade 1.6% lower at $84,120 Wednesday.
A new wave of enthusiasm about AI has propelled tech stocks higher, with a narrow set of stocks seemingly able to ignore the global bond selloff. The 10-year Treasury yield rose 4 basis points to 5.310% on Wednesday, while the 30-year yield increased 4.6 basis points to 5.686%, according to Tradeweb. Both remained close to their multidecade highs.
An environment of high yields and a strong dollar is holding bitcoin back for now, analysts said.
"We therefore continue to watch whether improving inflation signals translate into a lasting turn in yields and the [dollar]," Joel Kruger, markets strategist at cryptocurrency fintech LMAX Group, said in a note.
Investors are looking ahead to the Federal Reserve's September meeting minutes due Wednesday. In particular, they will look for any clues on the Fed's direction at its October meeting, as markets have recently scaled back expectations of an interest rate hike this month.
"A cautious tone on further tightening would reinforce the pause the market has priced [for Oct. 28], while a firmer one would raise the odds of a hike sooner," Iliya Kalchev, market analyst at cryptocurrency platform Nexo, said in a note.
Bitcoin dips below $84,000 as oil jumps on Iranian tanker attacks. (Gerhard Traschütz/Pixabay)Summary
Bitcoin fell about 1.5 percent to just above $84,200 as escalating Iranian attacks on tankers pushed oil prices, Treasury yields and the dollar higher.Dogecoin led losses among major cryptocurrencies with a 5 percent decline, while ether dropped 3.5 percent and XRP fell nearly 3 percent.A sustained break below $83,000 could put Bitcoin on a quick path toward $80,000, according to FxPro, as traders await minutes from the Federal Reserve’s September meeting.Bitcoin fell about 1.5% to just above $84,200 as of Wednesday Asian morning hours as oil climbed on stepped-up Iranian attacks on tankers in the Strait of Hormuz, lifting Treasury yields and the dollar.
DOGE led the losses among the majors, sliding 5% to about 9 cents. HYPE dropped nearly 4% to about $91, and ether lost 3.5% to about $2,610. XRP fell nearly 3% to about $1.46, while BNB, SOL, ZEC and TRX each slipped between 1% and 2.5%, according to CoinDesk data.
Bitcoin traded near $86,600 on Tuesday before a sharp drop early Wednesday took it as low as about $83,840 — below the $84,000 level that FxPro said on Tuesday would signal "a victory for the bears."
Minutes from the Fed's September meeting, when it raised rates by a quarter point, come out later Wednesday. Weaker jobs data made "another rate increase this month look less likely after September's quarter-point hike," Dan Khus, chief analyst at LVRG Research, said in an email to CoinDesk.
"The market had already priced in that hike, so traders are now looking at whether the notes sound patient or still point to one more increase before the end of the year," he added.
Oil set the tone in Asia. Brent rose almost 1% to about $101.50 a barrel after Iran picked up the pace of its attacks on tankers in recent days. The dollar strengthened against every other Group-of-10 currency, and the 10-year Treasury yield climbed three basis points to 5.31%.
Asian stocks fell even after record closes for the S&P 500 and Nasdaq 100 on Wall Street. MSCI's Asia Pacific gauge dropped 0.6% as tech shares in South Korea and Hong Kong turned lower, and U.S. stock futures reversed earlier gains.
Bitcoin now sits about $1,200 above the $83,000 low that FxPro said would confirm sellers are in control — and the firm sees a break of that level opening a quick path to $80,000.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Johann Kerbrat, Senior Vice President and General Manager of Robinhood’s International and Crypto Business, stated that Robinhood has added Bitcoin worth $25 million to its balance sheet.
Bitcoin.de has kept most trading suspended after Germany’s financial regulator rejected futurum bank AG’s application for authorization under the European Union’s Markets in Crypto-Assets rules, forcing the platform to pursue a new model using regulated partners.
Summary
Bitcoin.de trading remains suspended after BaFin rejected futurum bank’s application for MiCA authorization in Germany. Futurum bank can object within one month after formal notification or submit another application later. Bitcoin Group plans regulated German partners for trading and custody, targeting a restart within weeks. Customer assets remain with futurum bank until transfer to another regulated German custodian, company says. Bitcoin Group reported €1.59 million first-half revenue and expects another negative EBITDA year in 2026. Bitcoin Group SE said on Oct. 6 that BaFin refused the MiCA application submitted by its wholly owned subsidiary futurum bank on June 27, 2025. The licensing process had lasted more than 15 months, while operational trading on Bitcoin.de has largely been suspended since June 12, 2026.
BaFin informed futurum bank that its previous tolerance for providing crypto-asset services no longer applies. The company expects formal service of the decision and can lodge an objection within one month after notification.
Bitcoin Group CEO Moritz Eckert called the decision “a setback for us.” The company said it disagrees with BaFin’s assessment and is reviewing its options, including an objection or a new MiCA application at a later date.
Bitcoin.de now wants regulated partners to restart trading Instead of waiting for another license application to run its course, futurum bank plans to work with regulated companies based in Germany.
Bitcoin Group said one regulated institution would initially act as the trading counterparty for Bitcoin.de customers, while another regulated German company would hold customer crypto assets.
Neither partner has been named. The company has not announced a firm reopening date, though Eckert said Bitcoin Group is working to restore trading through the rebuilt Bitcoin.de app “within the next few weeks.”
The new model would change the operating structure that Bitcoin Group had been preparing before the BaFin refusal. Futurum bank had expected to run the renewed platform itself after receiving MiCA authorization.
A partner-based setup already exists elsewhere in the European crypto market. In crypto.news coverage of Nexo’s regulated German partner model, Nexo routed custody through Tangany and brokerage services through DLT Finance to keep services available for customers in the European Economic Area.
Bitcoin Group has not said whether its own planned structure will follow the same contractual setup or which services the partners will provide beyond trading and custody.
The MiCA rejection delays a platform overhaul Bitcoin.de had spent much of 2025 and 2026 rebuilding its business from its older peer-to-peer marketplace model into a more conventional crypto trading platform.
Just one week before the BaFin decision, Bitcoin Group said the new platform, website and mobile application had been technologically completed and passed functional and security testing.
The planned product range includes more than 100 cryptocurrencies, crypto swaps, savings plans and staking. Bitcoin Group previously said transactions would be processed in seconds through a reference account, with investments starting from €1.
Those plans were tied to regulatory approval. The company said on Sept. 29 that the restart of crypto trading remained dependent on completion of the licensing process.
Bitcoin.de originally released its redesigned app and website in June, but the planned trading launch did not proceed as expected while futurum bank waited for BaFin’s decision.
The company had already migrated customer crypto holdings to new custody infrastructure and switched off the old trading system as part of the changeover. Trading activity has remained largely unavailable since June 12.
Bitcoin Group said futurum bank will keep custody of customer assets until they are moved to the planned regulated custodian. It said customer claims remain intact.
BaFin said the implementation was not ready Bitcoin Group provided more detail on the regulator’s reasoning in a corporate statement released shortly after its mandatory market disclosure.
The company said BaFin considered futurum bank’s current implementation and operational readiness insufficient for authorization. According to the company’s account of the regulator’s position, the progress achievable in the short term was not enough to address the remaining requirements.
Bitcoin Group said work on BaFin’s requested measures was already advanced and maintained that it viewed the situation differently.
BaFin has not published a separate detailed public decision setting out each reason for rejecting futurum bank’s application. The description of the regulator’s reasoning therefore comes from Bitcoin Group’s Oct. 6 statements.
Under MiCA, firms providing covered crypto services need authorization from the relevant national regulator. BaFin’s guidance states that German crypto-asset service providers must meet application requirements covering their organization, operations and compliance with the Digital Operational Resilience Act.
EU rules provided existing firms with a temporary transition period. ESMA states that eligible providers could operate under national arrangements until July 1, 2026, or until their MiCA application was approved or refused, whichever came first under the applicable transition.
Germany has become one of the EU’s largest markets for MiCA-authorized providers. In related crypto.news coverage of Germany’s MiCA licensing lead, the country had 79 authorized crypto-asset service providers by late August, ahead of France and the Netherlands.
Trading delays have already hurt Bitcoin Group’s results Bitcoin.de’s prolonged relaunch has weighed on Bitcoin Group’s financial performance.
For the first half of 2026, Bitcoin Group reported revenue of €1.59 million, down from €3.78 million during the same period in 2025.
EBITDA fell to a loss of €3.25 million from a €1 million loss a year earlier. Earnings per share came to negative €1.02, compared with negative €0.33 in the first half of 2025.
The company attributed the weaker performance to reduced trading activity, crypto-market conditions and higher spending tied to the platform rebuild and workforce expansion.
Bitcoin Group held €199 million in net crypto assets as of June 30 and reported an equity ratio of 71.8%.
Before BaFin’s rejection, management had already warned that the delayed MiCA approval made customer migration, the platform restart and uptake of products such as staking difficult to forecast. Bitcoin Group expects 2026 revenue to decline from the previous year and forecasts another negative full-year EBITDA.
Bitcoin Group shares finished Oct. 6 at €27.98 on Xetra, down 1.96% for the session, market data showed. The regulatory announcement was released shortly after the regular German trading session.
Futurum bank can still challenge the BaFin decision once formal notification is served. The one-month objection period begins after that notification, not from the date of Bitcoin Group’s Oct. 6 announcement.
A new MiCA application remains another option. For now, the company is prioritizing the partner model and has said details on the new trading counterparty, custodian and Bitcoin.de reopening will be published on the platform’s website once agreements are completed.
Andrei Grachev, Head and co-founder of of DWF Labs, said late Saturday that a Republican win in the midterms, combined with President Donald Trump’s pledge of $5,000 stimulus checks, could spark a 2021-style cryptocurrency bull market.
2021-Like Bull Run on the Cards?Last month, Trump proposed $5,000 "Trump dividend" checks to every American adult citizen if Republicans win the November midterms. The proposal would cost roughly $1.2 trillion.
Grachev said that these payouts would total roughly 1.5 times the scale of COVID-19 checks issued in 2020-21. Notably, three rounds of stimulus payments—$1,200, $600, and $1,400—were distributed at the height of the pandemic.
“People will definitely spend a part of on crypto and we can see [2021]-like bull run,” Grachev projected.
He, however, warned investors to “cash out everything” after any potential rally to prepare for an approaching economic crisis.
Fiat Expansion Against Bitcoin ScarcityMacro Analyst Joe Consorti pointed out the math: a 2020 $1,200 COVID stimulus check bought roughly 0.18 BTC at prices around $6,700, while Trump’s proposed $5,000 check would buy only about 0.06 BTC at current prices near $85,000.
“That’s what 6 years of money printing looks like,” he added, pointing out the fiat expansion and reduced value of the dollar in terms of Bitcoin.
Notably, Bitcoin bull Anthony Pompliano argued last month that stimulus would boost inflation and the money supply, driving demand for scarce assets like Bitcoin, gold, and land as stores of value.
Read Next
Crypto Punters SkepticalBitcoin and the broader cryptocurrency market have a history of rallying after such announcements. Trump floated a $2,000 tariff dividend in November, sending BTC up 5%. The COVID stimulus checks had a similar impact.
The $5,000 proposal, however, depends on Republicans retaining control of Congress in November, pushing any potential payment more than a year into the future.
Polygon (CRYPTO: POL)-based Polymarket currently prices only a 6% chance that Trump officially creates the dividend before March 31, 2027.
Price Action: As of this writing, BTC is down 1.60% in the last 24 hours to $84,165, according to Benzinga Pro.
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.
Claude private chat triggers manual review; Florida woman arrested for writing shooting threat.
Beating AI News Flash: A Florida woman in the U.S. was flagged by Anthropic’s safety systems for writing a shooting threat in a private Claude chat. The conversation was sent for human review, and the moderation team turned the content over to police. The woman has been arrested and is facing felony charges. Local police said she later explained she used the AI as a "diary". The arrest report notes she first wrote about attacking the Lee County Sheriff’s Office, then the next day claimed she had just obtained a new gun. This was not a decision made by Claude itself. The system first identifies potential threats, then forwards serious content to Anthropic’s human team, which decides whether to contact law enforcement. Anthropic’s consumer terms of service already state the company may at its sole discretion report user inputs, outputs or actions to law enforcement. Its official privacy policy also allows sharing personal data with police when necessary to prevent serious harm to people or property. Even if a user opts out of model training, conversations flagged for safety issues may still undergo security review. The case has legal disputes. Florida law requires that written or electronic threats must be sent or transmitted in a way "viewable by others". Local lawyers argue applying this statute to a private AI chat is not straightforward. The woman has only been charged and not yet convicted. This is not an isolated case. Tom’s Hardware reports that since August, at least three instances of Anthropic chat content have come to police attention. Earlier, a Claude user threatened Anthropic CEO Dario Amodei in a conversation, leading Anthropic to contact San Francisco police on its own initiative.
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Single-stock leveraged ETFs have become a major loss-making machine for retail investors, with South Korean retail investors suffering massive losses of 2.3 trillion won, equivalent to approximately $1.7 billion, over just two months.
According to data compiled by South Korea’s financial regulators, since the launch of single-stock leveraged exchange-traded products (ETPs) in May this year, investors have lost an estimated 2.3 trillion won (approximately $1.7 billion) between May 27 and August 14. This marks the first time regulators have disclosed the overall loss incurred by South Korean investors in such highly leveraged single-stock products. It should be noted that the data only covers 10 leading South Korean securities firms, so it does not represent total losses for all South Korean investors in leveraged products. Since July, regulators have rolled out a series of measures to restrict trading in single-stock leveraged products, including temporarily banning the listing of new related products, raising investors’ minimum cash margin requirements, and mandating specialized training for investors before they trade. This signals a sharp shift in South Korea’s regulatory policy in less than two months: from encouraging the launch of such products in the domestic market in May to curbing their expansion starting in July.
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Kalshi’s 15-minute gold markets generated nearly twice the estimated trading fees of equivalent Ether markets in September, just weeks after their August launch.
The gold contracts, which let traders take positions on whether gold will rise or fall over 15-minute intervals, generated about $5 million in estimated fees during the month, compared with $2.6 million for Ether contracts, according to Predict Charts. Bitcoin remained the dominant market, generating $60.4 million in estimated fees.
The growth in short-duration gold markets comes as Kalshi’s broader commodities business has been expanding. The company said in September that commodities trading volume had reached $400 million within seven months, more than four times the volume its crypto markets had generated at the same stage.
“Crypto markets demonstrated the potential for new categories on Kalshi to scale from tens of millions to billions in monthly volume,” the company said.
Estimated fees attributed to non-sports markets in September. Source: Data show that after launching in December, 15-minute Bitcoin markets became Kalshi’s biggest market series outside parlays in July. The short-duration Ether contracts also saw rapid growth, increasing to 233 million contracts from 6.1 million between January and July 2026.
But despite Ether’s 15-minute contracts climbing further to 318 million in September, they were overtaken by gold, which recorded 542 million contracts traded that month.
Short duration markets make up most of non-sport fees Short duration financial markets are also becoming a larger part of Kalshi’s business. An InGame analysis on Tuesday found that 15-minute crypto, commodity and financial markets generated $20.4 million in fees in the seven days through Oct. 5, accounting for 80% of the platform’s non-sport fees during the period.
The analysis also found that 15-minute markets generate higher fees. InGame estimated that over the last week, short-duration markets accounted for 13% of Kalshi’s trading volume but 20% of its fees.
“This is because Kalshi uses a fee formula that depends on the odds of a contract — fees are higher as a share of volume on contracts priced at close to 50/50 odds than they would be on the biggest favorites or longshots,” wrote InGame journalist Daniel O’Boyle.
Magazine: Capital starting to rotate back to crypto from AI: Raoul Pal
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Former BitMEX CEO Arthur Hayes believes the AI investment mania will be a major positive catalyst for Bitcoin if it ends up crashing down.
In an interview with CNBC at the Gamma Prime Investing Conference in Singapore, Hayes said that the excessive investments pouring into AI data centers are ripe for an oversupply.
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The current investment mania in AI is a multitrillion-dollar case of capital misallocation, said Hayes. At the end of the day, all this means is that we will have cheap and accessible massive compute power.
This might be a painful journey for financial markets in the process.
Why AI crash could be bullish for BitcoinIf the AI infrastructure boom leads to a major credit crisis, governments and central banks will eventually intervene, according to Hayes.
They will inject additional liquidity into the financial system. In his opinion, Bitcoin and other cryptos are the likely winners of all this excess cash.
The immediate catalyst for a Bitcoin boost is not necessarily an AI crash. Initially, a major deleveraging move could be negative for risk assets. But afterwards, the monetary response could be bullish for stocks.
This could play out around 2027–2028, when the companies that promised all this massive compute power need to actually generate enough money to justify the costs.
It could also be that over the next year, the demand for AI becomes strong enough to justify this large infrastructure investment. Hayes admits that this could be a potential scenario. Basically, the usefulness of AI may allow companies to grow into these massive compute costs.
This is not the first time Hayes has envisioned such a scenario.
In August, the co-founder of BitMEX compared the AI infrastructure boom to the credit excesses before the financial crisis of 2008. But rather than viewing this current cycle as another dot-com tech bubble, Hayes said people should pay attention to the debt financing for the data centers and expensive compute hardware.
Currently, Hayes himself is not shorting the AI boom. Still, he is pretty confident that there is a lot of overbuilding.
Founders Fund, backed by billionaire Peter Thiel, led a $5 million investment to acquire ANVL, the governance token of DeFi collateral protocol Anvil, with participation from Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital. Specific terms and valuation of the deal have not been disclosed. Anvil stated that the acquired tokens came from the project’s existing treasury, not a new issuance. Built on Ethereum, Anvil aims to use digital assets as collateral for financial commitments such as payments and credit. Its developer, Anvil Research Labs, also launched an SDK to help enterprises and financial institutions integrate the protocol without writing blockchain code. Consensus, Bitcoin.com, and payment firm Flexa are among its listed partners. Currently, ANVL has a total supply of 100 billion tokens, with a circulating supply of approximately 80 billion. The Anvil network’s total value locked (TVL) stands at around $14 million. Unlike traditional DeFi lending protocols, Anvil primarily secures financial commitments via on-chain collateralized assets, rather than allowing users to borrow funds and pay interest.
Likely driven by news that Peter Thiel’s Founders Fund led a $5 million investment to acquire Anvil’s governance token, ANVL has surged over 83% in 24 hours, currently trading at $0.001242, with its market cap rising to $109.4 million, fully diluted valuation (FDV) standing at $124 million, and 24-hour volume hitting just $415,000. Built on Ethereum, Anvil aims to use digital assets as collateral for financial commitments such as payments and credit. Its developer, Anvil Research Labs, has also launched an SDK to help enterprises and financial institutions integrate the protocol without writing blockchain code. Partners include Consensus, Bitcoin.com, and payment firm Flexa, among others. ANVL’s total supply currently stands at 100 billion tokens, with a circulating supply of around 80 billion. Anvil network’s total value locked (TVL) is approximately $14 million. Unlike traditional DeFi lending protocols, Anvil primarily secures financial commitments via on-chain collateralized assets, rather than allowing users to borrow funds and pay interest.
Altius Labs Co-Founder and CEO Annabelle Huang stated that the crypto industry’s development focus is gradually shifting from creating new assets like Bitcoin, Ethereum, NFTs, and meme coins in its early days to building new markets around existing entities. Prediction markets, perpetual contracts for crude oil and gold on Hyperliquid, and pre-IPO perpetual contracts are establishing 24/7 trading markets for previously real-time pricing-deficient assets such as news events, commodities, and private companies. Blockchain is thus not only creating assets but also expanding the boundaries of "what can be priced." Traditional financial price discovery is often constrained by trading hours, access barriers, and valuation cycles, while on-chain markets operate continuously, absorb new information quickly, and lower participation thresholds. Going forward, market participants may prioritize gaining exposure to asset prices rather than holding the actual assets. Huang noted that if the crypto industry aims to become a critical global price discovery infrastructure, it needs to prioritize improving throughput, latency, liquidity depth, and reliability to support high-frequency trading, risk management, and large-scale capital participation. Therefore, the next phase of the crypto industry may not lie in creating the next new asset, but in building pricing infrastructure for an increasing number of existing assets and events.
Claude private chat triggers manual review; Florida woman arrested for writing shooting threat.
Beating AI News Flash: A Florida woman in the U.S. was flagged by Anthropic’s safety systems for writing a shooting threat in a private Claude chat. The conversation was sent for human review, and the moderation team turned the content over to police. The woman has been arrested and is facing felony charges. Local police said she later explained she used the AI as a "diary". The arrest report notes she first wrote about attacking the Lee County Sheriff’s Office, then the next day claimed she had just obtained a new gun. This was not a decision made by Claude itself. The system first identifies potential threats, then forwards serious content to Anthropic’s human team, which decides whether to contact law enforcement. Anthropic’s consumer terms of service already state the company may at its sole discretion report user inputs, outputs or actions to law enforcement. Its official privacy policy also allows sharing personal data with police when necessary to prevent serious harm to people or property. Even if a user opts out of model training, conversations flagged for safety issues may still undergo security review. The case has legal disputes. Florida law requires that written or electronic threats must be sent or transmitted in a way "viewable by others". Local lawyers argue applying this statute to a private AI chat is not straightforward. The woman has only been charged and not yet convicted. This is not an isolated case. Tom’s Hardware reports that since August, at least three instances of Anthropic chat content have come to police attention. Earlier, a Claude user threatened Anthropic CEO Dario Amodei in a conversation, leading Anthropic to contact San Francisco police on its own initiative.
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Single-stock leveraged ETFs have become a major loss-making machine for retail investors, with South Korean retail investors suffering massive losses of 2.3 trillion won, equivalent to approximately $1.7 billion, over just two months.
According to data compiled by South Korea’s financial regulators, since the launch of single-stock leveraged exchange-traded products (ETPs) in May this year, investors have lost an estimated 2.3 trillion won (approximately $1.7 billion) between May 27 and August 14. This marks the first time regulators have disclosed the overall loss incurred by South Korean investors in such highly leveraged single-stock products. It should be noted that the data only covers 10 leading South Korean securities firms, so it does not represent total losses for all South Korean investors in leveraged products. Since July, regulators have rolled out a series of measures to restrict trading in single-stock leveraged products, including temporarily banning the listing of new related products, raising investors’ minimum cash margin requirements, and mandating specialized training for investors before they trade. This signals a sharp shift in South Korea’s regulatory policy in less than two months: from encouraging the launch of such products in the domestic market in May to curbing their expansion starting in July.
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OKX founder Star Xu stated at Token2049 that the financial sector will undergo two fundamental transformations over the next five to ten years, with the first being an improvement in user experience.
7 October 2026 | 08:36 Bitcoin fell toward $84,000 as major cryptocurrencies gave back recent gains. The sell-off reached across the market, while Bitcoin and Ethereum ETF flows moved in opposite directions.
Key Takeaways Bitcoin fell 1.83% in 24 hours, while Ethereum dropped 3.42%. Bitcoin ETFs added $118.86 million on October 6; Ethereum ETFs lost $201.89 million. Longs made up almost 88% of liquidations when CoinGlass data was checked. Fear & Greed remained at 63, keeping sentiment in the greed range. Crypto losses reached beyond Bitcoin At roughly 05:20 UTC on October 7, CoinMarketCap showed Bitcoin near $84,130, down 1.8% over 24 hours. Ethereum traded around $2,6120after falling 3.4%, while several large altcoins gave up a larger share of their value.
Asset Price 24-hour change at the time of writing Bitcoin $84,130 -1.8% Ethereum $2,610 -3.4% BNB $767 -1.8% XRP $1.46 -2.4% Solana $118 -1.5% Dogecoin $0.089 -5.2% Cardano $0.255 -5.47% The losses extended beyond Bitcoin. Ethereum, Dogecoin and Cardano fell more sharply, showing that selling reached across large-cap crypto assets.
Bitcoin and Ethereum lost ground below recent highs Bitcoin briefly traded above $87,300, but buyers did not keep it above $87,000. Its return toward $84,000 leaves that earlier rise as an unsuccessful attempt to establish a higher trading range.
Ethereum has faced a separate hurdle at $2,800. ETH reached that level recently, then pulled back, and later attempts to return there have also failed to hold. Both assets met selling pressure at higher prices before the wider market moved lower.
ETF flows split Bitcoin and Ethereum demand SoSoValue recorded $118.86 million in net inflows for U.S. spot Bitcoin ETFs on October 6. U.S. spot Ethereum ETFs, by comparison, recorded $201.89 million in net outflows during the same session.
The figures cover the previous U.S. trading day. They cannot identify why prices fell during the latest 24 hours, but they show that fund investors were treating Bitcoin and Ethereum differently.
October 6 U.S. ETF session
Bitcoin spot ETFs
$118.86M net inflow
Ethereum spot ETFs
$201.89M net outflow
The ETF data complicates the idea of a broad institutional exit. Bitcoin funds still drew fresh money, while Ethereum funds recorded withdrawals.
Leverage accelerated the retreat CoinGlass data showed $552.81 million in crypto liquidations over the previous 24 hours. Long positions accounted for $485.26 million, or almost 88% of the total.
Liquidations show what happened after prices already started falling. Exchanges close leveraged long positions when margin runs short, and those forced exits can add further selling.
The four-hour period before the snapshot accounted for $414.75 million in liquidated longs, showing how quickly the move gathered pace. CoinGlass charts show that Bitcoin and Ethereum open interest remains well above its June and July ranges, even after easing from late-September highs. The figures show that the decline hit a market crowded with leveraged longs. They do not show whether spot holders were also taking profits.
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Greed has cooled without turning into fear CoinMarketCap’s Crypto Fear & Greed Index stood at 63, keeping the market in the greed range. The drop hurt leveraged traders, yet it has not produced the broad fear that often appears during a deeper washout.
With the index still in the greed range after the drop, some of the selling may also reflect traders taking profits after the recent advance rather than a wholesale exit from crypto. Neither the sentiment reading nor liquidation data can measure that directly, so profit-taking remains a possible explanation rather than a confirmed one.
Stocks reached records, but crypto had its own demand test The gap between stocks and crypto adds another layer to the pullback. U.S. equities recently reached fresh highs, but crypto buyers did not hold their own higher levels. Our look at what history says about Bitcoin after S&P 500 records explains why equity gains alone have rarely been enough to sustain a crypto move.
Bitcoin ETF inflows remained positive, while Ethereum funds saw withdrawals and long liquidations accelerated the sell-off. The next test is straightforward: Bitcoin needs to recover $87,000, while Ethereum needs to return to $2,800 and hold there.
This article is for informational purposes only and does not constitute investment or trading advice. Cryptocurrency prices, ETF flows and derivatives data can change quickly.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Bitcoin continues to trade in a tight range around $85,000.
Notable Statistics:
Coinglass data shows 60,133 traders were liquidated in the past 24 hours for $ 147.51 million. SoSoValue data shows net outflows of $89.9 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $50.8 million. In the past 24 hours, top gainers Render, LayerZero and OKB. Notable Developments:
Ripple, Circle, Standard Chartered Back Crypto Exchange OKX at $25B ValuationBitcoin Hit Highest Weekly Close in 35 Weeks: Is $100,000 Next?XRP to $2.16? Legendary Trader Peter Brandt Says ‘Yes but…’TD Cowen: Bitcoin to Hit $132,750 by 2028, Strategy, Strive Could OutperformBitcoin Is Headed Straight to $100,000, Analyst Says: ‘I’m Long As Hell’Elon Musk Rejoins Trump Administration: Can Dogecoin Rally Again?Trader Notes:
Heavily followed cryptocurrency analyst Kevin remains bullish on Bitcoin unless it breaks through two major support zones: $83,000 to $77,000 and then $75,000 to $67,000.
He argues these areas contain significant former resistance turned support, making new lows unlikely without a complete breakdown. He added that persistent bears are either sidelined or unwilling to admit the bearish thesis was wrong.
Scott Melker highlighted Treasury withdrawing proposed rules affecting crypto mixers/privacy tools and self-hosted wallets. He views that as another important regulatory development that did not require congressional action.
Bitcoin-focused policy advocate Dennis Porter plans to expand state-level Bitcoin-rights legislation protecting self-custody, node operation and buying/selling BTC, while increasing education and outreach to Democratic lawmakers.
He sees digital dollars as one of the easiest crypto technologies to sell politically because they offer low volatility, faster settlement, lower transaction costs and potentially reduced fraud.
Image: Shutterstock
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Leading cryptocurrencies failed to break out on Tuesday as investors curtailed risk appetite ahead of the release of the Federal Reserve’s September meeting minutes.
Crypto Market Rally StallsBitcoin consolidated between $85,000 and $86,000, while Ethereum meandered between the high $2,600s and early $2,700s. The market has cooled after rallying sharply on Sunday.
Cryptocurrency-related stocks inched lower, with Coinbase Global Inc. (NASDAQ:COIN) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.32% and 2.20%, respectively.
In the past 24 hours, 59,852 traders were liquidated, totaling $142.50 million in liquidations across long and short bets, according to Coinglass data.
Read Next
Bitcoin’s open interest rose 0.42% over the last 24 hours. The majority of top trading accounts on Binance—the top 20% of users with the highest margin balance— remained long on BTC.
Despite the relative stagnation, "Greed" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
Stocks Close at Record HighsThe stock market extended its gains on Tuesday. The Dow Jones Industrial Average rallied 253.38 points, or 0.49%, to end at 51,521.28. The S&P 500 advanced 0.58% for a record close of 7,818.93, while the Nasdaq Composite rose 0.45% to also close at an all-time high of 27,599.79.
Traders are looking to Wednesday’s release of the Federal Reserve’s September meeting minutes for clues on the direction of interest rate policy.
The CME Group’s FedWatch tool projections show markets pricing in a 20.5% likelihood of the Fed hiking interest rates after its October meeting, down from 50.9% a week before.
Bitcoin Poised toward $100,000?Ali Martinez, a widely followed cryptocurrency analyst and trader, said that Bitcoin is building a significant support zone at $83,300–$84,600, with $86,700 as the breakout point.
“If buyers defend support and clear the top of the range, $100,000 could come back into focus,” Martinez added.
On-chain analytics firm Santiment highlighted Bitcoin recording its largest single-day exodus from exchanges in seven months. The exchange supply has now fallen to roughly 6.50% of the total BTC supply.
“Outflows alone guarantee nothing, but falling exchange supply strengthens the bullish setup,” Santiment stated. “The timing is encouraging with Bitcoin still holding near $85,000.”
The US government shuffled more than $103 million in crypto on October 7, 2026, and the market collectively shrugged.
Wallets linked to US authorities sent 833.6 BTC and 40,285 BNB out the door within a nine-hour window. On-chain analysts at EmberCN, Resonance, Arkham, and Lookonchain all flagged the activity as it happened.
Where the money went The two assets took very different routes.
The Bitcoin went straight to Coinbase Prime, the institutional custody and trading arm of the US exchange. That batch of 833.6 BTC was valued at roughly $71.56 million at the time.
The BNB took the scenic route. The 40,285 tokens, worth approximately $31.63 million, hopped through several intermediary transactions before landing at an unlabeled address, 0xBE7…81E.
Together, the two transfers add up to approximately $103 million. That sounds like a lot until you look at what is still sitting in the government’s wallets.
A drop in a very large bucket US government-linked addresses are now estimated to hold around $28 billion in assets. Bitcoin makes up the overwhelming majority of that pile.
Those wallets hold about 324,000 BTC, valued at approximately $27.7 billion at current prices. The 833.6 BTC moved this week represents well under 1% of that stash.
This is not the first sizable movement from these wallets either. A separate transaction involved approximately 264,863 BTC tied to the 2016 Bitfinex hack, one of the most notorious thefts in crypto history.
Why Bitcoin and BNB get treated differently The split routing is not random. It reflects a policy distinction between the two assets.
Executive orders restrict the sale of Bitcoin held as part of the US strategic reserve. In plain terms, the government has committed to holding its Bitcoin rather than dumping it.
Forfeited tokens like BNB fall into a different bucket. The same framework permits more discretionary handling of those assets, which gives authorities more room to move, consolidate, or potentially liquidate them.
The current read on these movements is that they represent routine custody or consolidation work, not a change in strategy.
What this means for traders and the market The government’s long-term holding approach for Bitcoin is unlikely to trigger sharp price swings from transfers of this size. Restrictions on selling reserve BTC act as a kind of pressure valve, limiting the supply overhang fears that once accompanied every government wallet alert.
BNB is the more interesting asset to watch. Because forfeited tokens are subject to discretionary handling, they could present liquidation opportunities down the line.
The multi-hop routing of the BNB also deserves attention. Funds that pass through several intermediary addresses before settling somewhere unlabeled tend to draw scrutiny, since that pattern sometimes precedes an exchange deposit. Where 0xBE7…81E sends those tokens next will be worth monitoring.
For now, the key signals to track are any changes to the executive order framework governing the Bitcoin reserve, and any movement of forfeited non-Bitcoin assets toward exchanges.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
US government-linked wallets moved a combined $103 million in crypto assets within roughly nine hours on October 7, 2026, according to on-chain monitoring service Lookonchain.
Bitcoin to Coinbase Prime, BNB Takes a Longer Route The two transfers followed very different paths.
Coinbase Prime is the exchange's institutional arm. The routing of the BNB through several intermediate addresses before reaching a final destination adds a layer of uncertainty about its ultimate purpose.
A Large Portfolio, Largely IntactDespite the size of the transfer, it represents a small fraction of the government's overall crypto position.
Transfers of this kind have become routine for on-chain observers. Whether the latest movements represent custody consolidation, legal proceedings, or preparation for disposal remains unclear. No official explanation has been published.
Sources:
Phemex: US Government Moves $103M in Bitcoin and BNB from Wallet
Arkham Intelligence: US Government Bitcoin Holdings 101
CryptoSlate: US Government Coinbase Transfer and Bitcoin Reserve Rules
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.
According to Lookonchain's monitoring, prior to this morning's market plunge, four newly created addresses deposited 1 million USDC into Hyperliquid, opening a 40x short position on Bitcoin, with the position valued at $12.5 million.
A credit union founded by postal workers in 1930 is now custodying real Bitcoin for its members. St. Cloud Financial Credit Union CEO Jed Meyer explains how its patent-pending hybrid custody model gives each member individual Bitcoin ownership in a multisig vault. He also covers how the credit union has grown to more than 20 BTC under custody without even trying.
Chapters:
00:00 St. Cloud Financial Credit Union’s Path to Bitcoin
01:08 Stablecoins, Dollars, and Bitcoin as New Money Networks
02:26 Bitcoin ETF vs. Credit Union Custody: The Hybrid Custody Model
03:18 Bringing Main Street Into Bitcoin With Direct Buy and Sell
04:45 Minnesota Custody Law, NCUA Exams, and the CLARITY Act
07:32 20+ Bitcoin in Member Vaults and Lightning Plans
09:38 What It Takes for a Credit Union to Own Bitcoin
10:57 The Cloud Dollar Stablecoin and the Cooperative Ownership Model
12:59 How Credit Unions Decide Which Digital Assets to Offer
14:10 Educating Skeptics and Why Credit Unions Must Own Their Rails
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
Patrick Green
Patrick Green is an Assistant Producer and Channel Manager on the multimedia team at Bitcoin Magazine, focusing on production, content distribution, and channel strategy across the network.
