Bitcoin (BTC) remained stable near $86,000 on Tuesday, mirroring strong upward momentum in US equity markets as major indices set new all-time highs.
S&P 500 and Nasdaq push to historic recordsBTC attempted to break through key resistance at $87,000 but continued to face selling pressure around this level, according to order book data. At the same time, US stock markets extended their rally, with the S&P 500 climbing 0.8% to close at 7,835 points as the session began.
The Nasdaq 100 and the broader Nasdaq Composite also achieved new peaks, reaching 31,312 and 27,683 points, respectively. The Kobeissi Letter assessed these gains, noting that since March 30, the S&P 500 had grown by 24%, translating to an increase of $71.3 trillion in market value.
In a fresh analysis, Mosaic Asset Company pointed to a shift in Federal Reserve expectations as a possible driver of higher prices. The firm suggested that a slower pace of interest rate hikes in the fourth quarter of 2026 could provide a solid foundation for an extended rally.
Shifting views around the Fed and a slower pace of rate hikes could become the catalyst for a durable rally, according to Mosaic Asset Company, which also emphasized that market breadth remains weak, with just 25% of stocks trading above their 50-day moving average last week.
Tech companies continued to deliver outsized contributions to the latest surge, although Mosaic highlighted that the breadth of market participation remains at its thinnest level in six months. The last time the market was this oversold occurred in late March, as the S&P 500 briefly approached correction territory. This previous period of oversold conditions sparked a notable reversal, which Mosaic noted could repeat.
Bitcoin faces resistance, correlation with stocks risesEven as traditional markets powered ahead, BTC remained constrained by heavy ask liquidity stretching from $86,500 up to $87,000, as shown in CoinGlass’s analysis. This ladder of pending sell orders continued to act as a ceiling for near-term price action.
Market data from TradingView indicated that the 21-day simple moving average (SMA) at $83,500 now functions as immediate support for Bitcoin, a level last seen on September 18. Keith Alan, cofounder of crypto analytics firm Material Indicators, noted in his recent X overview that traders are closely observing this technical threshold, as well as the structure around $82,500 support.
Alan drew attention to key price levels: “I’m watching price around $83,555, the structure of any $82,500 support test, and whether buyers can clear the Monthly signal’s $87,375 invalidation threshold.”
Onchain analytics platform CryptoQuant reported a moderate positive correlation between Bitcoin and the S&P 500, with the coefficient reaching 0.51 as of October 2, the highest since early June.
Market monitoring and new trading approachesAs traders monitor critical resistance and support levels, rapidly shifting conditions remain a core feature of crypto markets. A single policy move by the Federal Reserve or the sudden listing of a new altcoin can quickly disrupt price action. In response, investors increasingly seek out privacy-focused tools such as CryptoAppsy to manage everything in one place. These solutions integrate real-time charting, coin-specific news, macroeconomic data, and smart price alerts, enabling users to streamline their strategies without creating accounts or juggling multiple platforms.
Crypto exchange OKX has raised new funding at a $25 billion valuation, the company said on Tuesday, revealing investment from top digital asset companies.
The crypto exchange said in an announcement that stablecoin giant Circle, fintech firm Ripple and British bank Standard Chartered’s investment arm, SC Ventures, all participated in the fundraise.
We're announcing a strategic investment from @Circle, QRT, @Ripple and SC Ventures by @StanChart at a $25 Billion pre-money valuation.
This is how we're aligning critical builders behind our vision for the next generation of onchain markets.
— OKX (@okx) October 6, 2026 Earlier this year, the Intercontinental Exchange invested in the digital asset firm in a move to accelerate tokenization. The two’s joint venture, OKXICE, filed with the Securities and Exchange Commission on Sunday to launch a tokenized securities platform for around-the-clock trading of U.S. stocks.
“Through strategic investment and partnership, OKX is aligning some of the most critical builders of financial infrastructure behind its vision for the next generation of onchain markets,” OKX said in a statement.
OKX CEO and founder Star Xu said that the capital would help the company tokenize real-world assets.
“The exchange was our starting point, and we are evolving into a broader global financial technology platform,” he added.
A number of top Wall Street firms are increasingly interested in the technology that powers Bitcoin. While traditional finance titans like BlackRock and Franklin Templeton for years have used blockchain rails to tokenize money funds. Tokenization has become a bigger buzzword on Wall Street since the U.S. elected pro-crypto president Donald Trump.
The president has appointed regulators that have taken a more friendly stance toward watchdogging the crypto space. The SEC in September approved tokenized stock trading.
Other big deals between TradFi and the crypto space include the S&P 500 in January giving crypto platform Trade[XYZ] the green light to debut a new derivative contract on decentralized exchange Hyperliquid, allowing traders to trade the stock index 24-7.
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.
Star Xu, founder of the cryptocurrency exchange OKX, stated that Bitcoin and the cryptocurrency market have entered a period significantly different from past cycles, and that blockchain technology could fundamentally change the global financial system in the next decade.
In a program he participated in, Xu, evaluating the development of the cryptocurrency sector over the last 15 years, reminded that Bitcoin has overcome many major crises since 2011. He stated that the sector has faced serious challenges repeatedly, from technical problems on the Bitcoin network to the collapse of Mt. Gox, from forks like Bitcoin Cash and Bitcoin SV to the FTX bankruptcy, and argued that after each crisis, the sector has become bigger and stronger.
According to Xu, Bitcoin and blockchain can no longer be considered merely speculative investment tools. The OKX founder stated that individual custody, peer-to-peer transfers, transparent blockchain infrastructure, Ethereum smart contracts, stablecoins, and tokenized financial assets are increasingly forming a larger financial ecosystem. Xu believes that blockchain will become a significant part of the world’s financial infrastructure in the coming years.
“The changes in the next decade could be far greater than those in the past decade.”
Xu painted a rather optimistic picture, especially for the next decade. Highlighting Bitcoin’s rise over the past 15 years, the OKX founder stated that new use cases like stablecoins and tokenized shares will accelerate the adoption of blockchain technology.
Xu argued that younger generations will prefer 24/7, global, fast, and low-cost financial services, stating that the traditional financial system has lagged behind the transformation in communication and internet technologies. He added that blockchain and stablecoins offer significant advantages, particularly in global payment and settlement systems.
Xu also stated that the transformation in the crypto and blockchain sector in the new era beginning in 2026 could be far greater than that of the previous decade. According to Xu, tokenized shares, stablecoins, and on-chain financial products will form the core components of the next generation’s financial system.
“Cryptocurrency Exchanges Will Not Be Just Trading Platforms” OKX founder believes that centralized cryptocurrency exchanges will also transform. According to Xu, in the future these platforms will no longer be just exchanges for buying and selling Bitcoin or altcoins; they will become comprehensive financial services platforms providing money storage, payments, investment, and access to global financial assets.
Xu stated that blockchain technology could make it easier for companies to reach global investors with their assets, and that decentralized finance and decentralized exchanges would also play a significant role in this transformation. He argued that models such as using tokenized shares as collateral and obtaining loans via blockchain could make many processes of traditional finance more transparent.
Xu also believes that with the development of on-chain transaction infrastructures, even matching engines and clearing processes could be moved to the blockchain. He stated that in such a system, regulators could track transactions in real-time via the blockchain instead of requesting periodic reports from financial institutions.
Xu noted that many investors in the crypto market focus on short-term price movements, while highlighting the long-term transformation of the sector. According to the OKX founder, having a long-term perspective is critical to navigating different market cycles and benefiting from growth in the blockchain sector.
Xu believes that regulation will also play a significant role in the future of the sector. He specifically points out that regulatory frameworks in Europe could enable crypto companies to operate under standards similar to traditional financial institutions, arguing that protecting customer assets, transparent verification of reserves, and independent auditing are fundamental requirements for the sector.
“Crypto Could Become the Daily Infrastructure of Billions of People” At the end of the interview, the OKX founder reiterated his optimism for the coming years. According to Xu, a completely new financial system could emerge from the combination of stablecoins, tokenized shares, licensed centralized exchanges, and decentralized trading platforms.
Xu predicts that within a few years, people will be able to manage their money in digital wallets, make payments via blockchain, and directly access numerous assets, including tokenized stocks. He also stated that with the development of individual custody technologies, investment strategies could be run directly on users’ own wallets without the need to entrust their assets to third parties.
*This is not investment advice.
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Bitcoin fell back below $86,000 on Tuesday, losing steam on the optimism seen in the U.S. stock market.
The flagship cryptocurrency slid after topping out around $86,600 in late morning trading, with it now down 0.3% to $85,571. The S&P 500 found an intraday high of 7830, and is on pace to settle above the previous record set in August.
A new wave of enthusiasm about AI has pushed tech stocks higher, with equities seemingly able to shrug off the global bond selloff. Bitcoin has gotten some of the tech-stock momentum, although it is staying rangebound between $84,000 and $87,000.
Investors are becoming increasingly excited about the effect of seasonality on bitcoin prices. The month of October has been positive for bitcoin in 10 out of the past 13 years, and the fourth quarter of the year has typically been strong for cryptocurrencies--though the fourth quarter of 2025 snapped a six-year winning streak.
"Seasonality now starts working in Bitcoin's favour," analysts with 21shares said in a report published Tuesday. The firm adds that if bitcoin manages to close out the month above $88,000, then that "confirms the trend change" and makes $100,000 possible by the end of the year.
But a positive October isn't a foregone conclusion, 21shares said. If bitcoin turns the other way and slides down to $81,000, then prices could sink to as low as $71,300, the firm said. Bitcoin is up 2% since the start of October.
Crypto markets are awaiting the next catalyst after expectations for the Federal Reserve to raise rates later this month have been trimmed in recent sessions. "A quieter macro week might be just what cryptocurrencies need to make some more headway," IG strategist Chris Beauchamp said in a note. The focus now turns to the coming U.S. earnings season, he added.
Investors are looking ahead to the Federal Reserve's next meeting, which will take place on Oct. 27 and 28. Holding rates could potentially ease the pressure seen on equity and commodity markets across the board. Last month's meeting resulted in the Fed raising its benchmark interest rate for the first time in three years.
Write to Joseph Wilkins at [email protected] and Kirk Maltais at [email protected]
South Africa’s second-largest bank is letting its customers buy Bitcoin without ever leaving the banking app. First National Bank (FNB) has unveiled a feature called “Crypto Investing” that opens digital asset trading to nearly 9 million retail clients.
FNB is the retail banking arm of the FirstRand group. It announced the service on October 6, 2026, and built it in partnership with VALR, a local crypto exchange. Clients can buy, sell and trade digital assets directly on the bank’s existing share-trading platform.
What FNB clients can actually trade The menu is short for now. The service supports five assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and the USDT stablecoin from Tether.
The barrier to entry is about as low as it gets. Trades start at a minimum of R10, which works out to about $0.60.
Trading runs 24/7, which matches how crypto markets operate. Clients fund their purchases directly from their FNB accounts. There is no need to wire money to a third-party exchange or juggle a separate login.
The feature plugs into FNB’s existing investment products. Those include Share Saver, Share Builder, Share Investor and Share Zero.
The walled garden approach There is one significant catch. Any crypto bought through FNB stays inside the bank’s ecosystem. Clients cannot send their coins out to an external wallet or another exchange.
FNB has two reasons for the restriction. The first is compliance with South African exchange-control regulations, which govern how money and value move across the country’s borders. The second is security. Keeping assets within a controlled environment reduces the risk of customers sending funds to scam wallets or fraudulent platforms.
FNB executives pointed to strong customer demand for alternative investments as the motivation. They framed the bank as a trusted gateway to these markets, one that comes with established risk management attached.
South African banks warm up to crypto FNB is not the first mover here. Discovery Bank struck a similar arrangement with crypto exchange Luno in November 2025.
The local numbers back that up. More than 6 million South Africans were estimated to hold crypto assets as of late 2025. Over that same period, more than R25 billion in crypto assets were reported under custody at major platforms.
What this means for investors and the banking sector For VALR, the partnership is a distribution win. Exchanges usually spend heavily to acquire customers one at a time. Plugging into a major bank’s client base offers reach that is hard to build independently.
FNB says it plans to expand the list of supported assets. The bank also intends to provide educational resources to help clients understand the complexities and risks of digital currencies.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Michael Saylor, executive chairman of Strategy (NASDAQ: MSTR), has outlined a three-tier framework in which Bitcoin and instruments built around it can address distinct investor preferences.
In a recent post, he argued that the cryptocurrency itself suits those who want straightforward ownership of the asset, while Strategy’s common equity and a preferred security can serve people seeking either magnified market participation or steadier dollar-denominated cash flow.
The comparison he circulated places 30-day historical price volatility near 94 percent for Strategy’s common shares, roughly 39 percent for Bitcoin, and about 9 percent for the company’s Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC.
Those figures, drawn from market data through early October, position the preferred issue below the realized swings of every stock in the so-called Magnificent Seven group over the same window.
Large-cap technology names in that set ranged from the low 20s percent for Apple up toward the mid-40s for Meta, according to the same snapshot.
Strategy’s common stock sat well above Bitcoin and far above the preferred line.Saylor has framed the arrangement as layers resting on a single foundation.
He describes Bitcoin as digital capital, Strategy’s common stock as digital equity that carries amplified exposure to that capital plus any growth in the firm’s credit business, and STRC as digital credit aimed at income with compressed price movement.
Under this view, investors who simply want to hold the underlying asset can buy Bitcoin or a spot fund.
Those willing to accept larger swings in exchange for leverage on Bitcoin’s path, and on the expansion of related products, can hold the common shares.
Those prioritizing periodic dollar distributions and narrower short-term price ranges can look at the preferred stock.
STRC is structured as a perpetual preferred whose dividend rate adjusts monthly in an effort to keep the shares trading near a $100 par level.
Bitcoin can serve very different investors. $BTC offers direct ownership, $MSTR amplified exposure, and $STRC income with less 30-day price volatility than every Mag 7 stock. Digital Capital is the foundation for Digital Equity and Digital Credit. pic.twitter.com/Jvenbigni4
— Michael Saylor (@saylor) October 4, 2026
The design is intended to shift more of Bitcoin’s price variability toward the common equity, while the preferred claim sits higher in the capital structure and is supported by dollar liquidity reserves and active balance-sheet management.
Saylor has separately noted that the preferred’s recent 30-day volatility reading of 9 percent also came in just under the SPDR S&P 500 ETF Trust, which he presented as a milestone for the digital credit concept.
On the broader chart he shared, the preferred ranked above only a broad bond-market ETF and below gold, real-estate, and Nasdaq-100 trackers as well as Bitcoin and Strategy common stock.
The distinction matters because amplification cuts both ways.
Common shareholders capture more of the upside when Bitcoin rises and absorb more of the downside when it falls; the preferred is engineered to dampen that transmission for income-focused holders, though it remains exposed to credit, liquidity, and dividend-adjustment risks tied to the same treasury.
Strategy continues to adjust the mix by issuing or repurchasing the preferred and by adding to its Bitcoin holdings, treating the cryptocurrency as the capital base for both the equity and the credit instruments. Whether the volatility gap persists will depend on market conditions, the size of the preferred program, and how effectively the variable dividend and reserve policies keep the shares near par.
For now, Saylor’s framing offers investors a menu: direct Bitcoin ownership, leveraged equity exposure through Strategy common stock, or an income-oriented preferred whose recent price swings have been markedly smaller than those of either.
6 October 2026 | 22:54 With the S&P 500 back at a record, Bitcoin sits below its earlier high. History shows why that gap deserves more than a simple risk-on explanation.
Key Takeaways
The S&P 500 rose above 7,840 as Treasury yields, oil prices and the dollar eased. Bitcoin rose after some earlier stock-market records and fell after others. The conditions behind the record have mattered far more than the record itself. Stocks reached a record as bond pressure eased The S&P 500 climbed above 7,840 on October 6, reaching a new all-time high as oil prices retreated and Treasury yields eased. The Washington Post reported that the index had moved above that level, while Reuters noted that the 10-year Treasury yield had slipped about 2.1 basis points to 5.28%. Optimism around AI-linked companies and the coming earnings season added to the move.
The dollar also eased after recent strength, helping lift the mood across dollar-priced markets. Yet long-term borrowing costs remain high, with the 30-year Treasury yield near 5.66% during the session. The move therefore offered markets some relief without returning them to the low-yield environment behind earlier crypto rallies.
For Bitcoin, the record gives context rather than a conclusion. Investors were willing to extend risk exposure in the parts of equities leading the move, but the next question is whether lower yields and a softer dollar can persist long enough to influence crypto. Our analysis of the dollar’s role in Bitcoin’s macro backdrop explains why that follow-through can matter more than one strong session for stocks.
Bitcoin price around past S&P 500 record periods. Chart: TradingView, BTC/USD on Bitstamp The same stock-market event produced very different Bitcoin outcomes A fresh S&P 500 high can be a useful date to examine, but it has never worked as a stand-alone Bitcoin signal. The August 2025 stretch, for example, should be read as one market episode because it produced consecutive records during the same advance. Treating each new high as a separate Bitcoin trigger would overstate the evidence.
2020 showed both sides within six months When the S&P 500 set a record in February 2020, Bitcoin traded near $9,600. The COVID-19 shock arrived soon after, sending investors toward cash and causing Bitcoin to fall sharply alongside equities. The record marked the end of one market phase rather than the start of a durable advance.
August produced the opposite result. By then, rates were low, central banks had supplied extraordinary liquidity and the dollar had weakened. Bitcoin did not move in a straight line after that S&P 500 record, yet the months that followed became part of the advance that carried it into the 2020–21 bull market. The contrast with February came from the conditions surrounding the two records.
2022 and 2024 added two more answers The S&P 500 reached another closing high on January 3, 2022, with Bitcoin near $46,500. Markets were already shifting toward Federal Reserve tightening, rising yields and more expensive funding. Bitcoin’s recovery attempts gave way to a broader decline as investors reassessed risk assets under higher rates.
January 2024 developed differently again. Bitcoin initially pulled back after U.S. spot Bitcoin ETFs began trading, as early buyers took profit and the market absorbed a major structural change. It later reached a new all-time high in March. That sequence showed how a crypto-specific catalyst can shape Bitcoin’s path even while equities remain part of the wider market backdrop.
The historical pattern: Bitcoin performed well when stock-market strength coincided with easier financial conditions or powerful crypto-specific demand. It struggled when a liquidity shock or tighter policy took control of markets.
Today’s backdrop still looks different The immediate setup does share one feature with the more supportive episodes: financial pressure eased during the session. Lower oil prices calmed some inflation concerns, while lower yields and a weaker dollar gave equities room to resume their advance.
However, the 10-year yield remains above 5%, far from the rate environment that supported the 2020-21 run. The dollar’s decline also followed a period of strength, leaving open whether the move develops into a broader trend or remains a short-lived reaction to changing rate expectations.
Bitcoin has its own source of momentum, too. Steady spot buying offers different information from a move driven mainly by futures leverage or short covering, making the asset’s internal market data at least as relevant as the S&P 500’s performance.
What can give the record more meaning for Bitcoin A multi-session decline would reduce a major hurdle for risk assets. A renewed rise would quickly restore pressure. Further weakness could make global financial conditions less restrictive. A return to recent highs would point in the other direction. Sustained buying in the underlying market would offer firmer evidence than a rapid derivatives-led price move. A rally centred on a handful of AI-linked giants carries a different message from broad participation across stocks, bonds and other risk assets. The S&P 500’s new high reflects a session in which equity investors accepted more risk as yield and dollar pressure eased. Earlier record periods show that Bitcoin can rally, lag or fall after the same event. What happens next in yields, the dollar and Bitcoin’s own demand will determine whether this remains an equity-led move or develops into a broader shift in risk appetite.
This article is for informational purposes only and does not constitute investment or trading advice. Historical market performance does not guarantee future results.
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.
03:57 PM EDT, 10/06/2026 (MT Newswires) -- Top cryptocurrencies fell Tuesday, with Bitcoin (BTC-USD) still holding above $85,000.
The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 0.4% in the past 24 hours. The Nasdaq 100 gained 0.4%, the S&P 500 added 0.6%, and the Dow Jones Industrial Average rose 0.5%.
Bitcoin fell 0.1% to $85,612, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume dropped 21% to $25.3 billion.
Ethereum (ETH-USD), the second-largest digital asset by market value, declined 0.7% to $2,690.
XRP (XRP-USD) rose 0.2%, BNB (BNB-USD) dropped 0.8%, and Solana (SOL-USD) added 0.5%. Dogecoin (DOGE-USD) declined 1.5%, and Cardano (ADA-USD) rose 2.1%.
The total market value of the cryptocurrency industry fell 0.3% in the past 24 hours to $2.91 trillion, with trading volume dropping 16% to $73.05 billion.
Market strategist Luke Gromen argued that the growing presence of cash-settled derivatives in the Bitcoin market could put downward pressure on BTC’s long-term price performance. According to Gromen, the development of “digital credit” systems could become a significant factor preventing Bitcoin from reaching $1 million.
Gromen stated that Bitcoin investors should examine the “credit gold” system that began to develop in the gold market in London in the mid-1980s. The experienced analyst suggested that the formation of a similar financial structure around Bitcoin might not be coincidental, saying, “I think more Bitcoin investors should take the time to understand that if digital credit develops, BTC might never reach $1 million. That might even be the goal of digital credit.”
After Gromen’s post received strong reactions from the cryptocurrency community, the analyst explained the reasoning behind his opinion in more detail. Stating that he recently logged into Coinbase to buy more Bitcoin, Gromen noted that compared to when he made his first BTC purchase in 2013, the platform now offers a large number of Bitcoin derivatives with varying leverage levels.
From Gromen’s perspective, the critical point is that a significant portion of these products are settled in cash, not Bitcoin. The analyst stated that Bitcoin’s peak-to-peak compound annual growth rate has declined significantly in the two market cycles since cash-settled Bitcoin derivatives began trading.
Highlighting the importance of cash settlement, Gromen argued that in such markets, the marginal price can be determined over time not by the physical supply and demand of Bitcoin, but by the actors with the greatest capacity to create money. According to Gromen, this actor is in most cases the fiat currency system that Bitcoin initially aimed to provide an alternative to.
Gromen, who stated that he has owned Bitcoin since 2013 and still holds BTC, said that the decline in Bitcoin’s peak-to-peak return rates over the past eight years seriously concerns him.
*This is not investment advice.
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Spain has just shown every property owner in Europe that the rules around their asset can be rewritten by decree. Bitcoin is the one asset where that cannot happen.
I direct the Masters in Bitcoin at the Universidad de las Hespérides. My field focuses on how people build wealth over decades, not weeks. In Spain, for generations, the answer to long-term family wealth was land and property until now.
Last week the government made that path close to impossible. I am not writing to dismiss real estate. I am writing because Spain has just threatened one of the few long-term wealth-building tools ordinary families had, and they will need another one.
Two decrees, one message On 29 September, the Spanish government approved two emergency decrees on housing. They took effect within days, and a planned hearing in Congress was on Friday, October 2, and the decree didn’t pass, though it was a very close vote.
Spain’s government did not pass these rules as a normal law. On 29 September, it approved two emergency decrees (reales decretos-ley). The Constitution reserves this tool for cases of “extraordinary and urgent need”. A decree-law takes effect immediately, and Congress then has thirty days to validate or repeal it. The government split the reforms into two so each could be voted on separately, rather than one controversial measure sinking everything.
The first decree capped rent rises until the end of 2027. A rent already above the maximum set by the official reference-price index could not rise at all. In every other case, the parties could agree to an update, and without a new agreement, the increase could not exceed 2%. Spain’s inflation in September was 4.9%, according to the national statistics institute, so an owner’s real income would shrink every year by law.
The second decree went further. At the end of the minimum term, if neither side has given notice, the lease renews compulsorily in successive five-year periods, or seven if the landlord is a legal entity. A landlord who ends a contract without a reason listed in the law must compensate the tenant. The payment is calculated, where possible, on the state rent-reference system, and can never be less than one month’s rent for each year the tenant has lived in the home. In practice, owners lose much of their freedom to recover their own property or re-let it at current prices.
The rules also apply to contracts that are already signed, from their next renewal date (Provivienda summary). This is why many consider the decrees unconstitutional. Critics argue that they retroactively rewrite private agreements that both sides signed under different rules, which Article 9.3 of the Constitution bars for measures restricting individual rights.
Congress never settled that question. On 2 October it rejected the first decree by 178 votes to 172 and the second by 184 to 166. Sánchez then called general elections for 29 November.
On Tuesday the Council of Ministers approved both decrees again, introducing only technical changes, and sent them to the Diputación Permanente of Congress, where Junts’s vote is not needed. This is the reduced body that replaces the full chamber once Congress is dissolved. Sánchez said the second decree, on automatic renewals, would only take effect if that body validates it, rather than on publication in the BOE. Jurists consulted by one newspaper consider the move borderline abuse of law.
Investors can live with strict rules. What they cannot price is a rule that changes after they have committed. That last point is the one every property owner in Europe should read twice.
The market answered in hours The owners did not wait for the vote. A Spanish TV programme reported that around 2,900 rental listings were pulled from property portals in roughly four hours (EDATV). In Madrid, listings reportedly fell about 20% in under 24 hours, from 11,815 to 9,398 (LaBandera). These are early, unaudited counts. The direction is still clear.
None of this is new. We have run this experiment many times, and it keeps giving the same result.
Berlin, 2020: the city froze rents for five years. Studies at the time found the supply of regulated flats roughly halved, while unregulated rents rose. The constitutional court struck the law down in 2021. San Francisco, 1994: a Stanford study by Diamond, McQuade and Qian found that expanded rent control helped sitting tenants stay, but landlords cut regulated supply by about 15% and citywide rents rose by about 5%. Catalonia, 2024: rent caps in stressed zones slowed price growth, but rental listings fell 22.2% in Barcelona, while they rose 3.9% in Madrid (Fedea, via idealista). Spain itself, 1946 to 1985: forced, near-permanent lease extensions froze old rents for decades. Owners stopped maintaining buildings and city centres decayed, until the 1985 Boyer decree ended the system. The new automatic-renewal decree is, in its logic, a return to that old Spanish model.
The real problem is not landlords Spain does not have a landlord problem. It has a housing shortage. In 2025, around 240,000 new households formed while only about 92,000 homes were completed. The Bank of Spain puts the accumulated deficit for 2021 to 2025 at roughly 750,000 homes (Cantabria Económica).
The same report names the obstacles: scarce buildable land, slow urban development, and rigid planning. Economists such as my colleague Daniel Fernández Méndez argue that restrictive land rules and ever-stricter building standards have made construction unprofitable, even at today’s prices (Hespérides).
So the state restricts what can be built, then caps what can be earned from what already exists. Supply shrinks from both ends.
The people who pay are not established owners. They have options: they can sell, wait, or leave a flat empty rather than risk a tenant who never leaves. Renters pay. With fewer flats on offer, the rent on the ones that remain will rise, and more people will end up in informal arrangements with no contract and no protection, on the edge of the grey economy.
Buying is no way out either. Spaniards cannot afford to buy for the same reason they cannot afford to rent: there are too few homes, and these decrees do nothing to change that. Some landlords will be pushed to sell, but that will barely move prices. Sales adjust far more slowly than rentals. An owner whose mortgage is larger than what the flat would fetch cannot sell at all. Many others will simply wait and hope for a change of government, leaving their apartments empty. The result is that more people will be unable to rent or buy. Tenants lose, small investors lose, and the housing shortage stays exactly where it was.
An asset no decree can rewrite The biggest risk in real estate is not the market. It is that the rules around your asset can be changed by a government at any time, and you cannot move the asset somewhere else. A building sits in one jurisdiction forever.
Bitcoin is the opposite on every one of those points.
Fixed rules: the supply is capped at 21 million, and that rule has not changed in seventeen years. Arguably all Bitcoin infrastructure is built precisely to avoid that from happening. No minister can cap its yield, freeze it, or extend someone else’s claim on it. Real ownership: held in your own wallet, it has no tenant who can stop paying, no squatter who can move in, and no court that has to approve its sale. Portable: it does not sit in any one country. If the rules where you live turn hostile, your savings do not have to stay there. Open to small savers: buying property takes a deposit, a mortgage, a notary and years of commitment. Bitcoin can be bought a few euros at a time, on a regular schedule, by anyone. For most Spanish families, property is almost all of their wealth. This week showed how much of that wealth depends on politics.
The long-term picture shows both the reward and the price of it. Bought just after the 2017 peak, a bitcoin stake lost almost three-quarters of its value within a year, then outgrew Spanish housing several times over.
Past performance does not predict future returns. Bitcoin is highly volatile, and its value can fall sharply. The housing line shows price change only and excludes rental income, taxes, maintenance, and purchase costs. This is not investment advice.
Long Live Bitcoin Families will always need a place to live, so they will keep buying or renting homes. What has changed is the second flat, property as an investment. For a small investor, the risk now outweighs the return, and that removes one of the few ways ordinary Spaniards had to build wealth over a lifetime.
Bitcoin can fill that gap, if it is treated the way property always was: as a long-term holding, not a lottery ticket. Its price is volatile and can fall sharply in the short term. Anyone who holds it should think in years, buy regularly instead of trying to time the market, and never put in money they will need next year.
Property gives you an asset whose rules can be rewritten. Bitcoin gives you price swings but rules that stay put. After this week, many more Spaniards will be asking which of those risks they would rather carry with their savings.
Whatever Congress decides, Spain’s property owners have learned that their contracts can be changed after they sign them. That lesson will not be voted away. The rental market as Spain knew it is gone. Long live bitcoin.
Germany’s financial watchdog has said no. BaFin refused to grant MiCAR authorization to futurum bank AG, the subsidiary of Bitcoin Group SE that powers the bitcoin.de trading platform, according to a company announcement on October 6, 2026.
The application had been sitting with the regulator since June 27, 2025. That is more than 15 months of waiting, only to be shown the door.
The rejection lands on a platform that was already mostly dark. Trading on bitcoin.de has been largely suspended since June 12, 2026, so the refusal turns a temporary pause into something closer to a structural problem.
What BaFin’s refusal actually means Futurum bank AG already holds a banking license. That turned out not to be enough. The bank still needed a separate MiCAR authorization to offer crypto services, and that is the piece BaFin declined to hand over.
The refusal also marks the end of BaFin’s earlier tolerance of the subsidiary’s crypto services.
CEO Moritz Eckert called the decision a blow. He also said the company had prepared for the possibility of a refusal and is pursuing alternatives.
Bitcoin Group SE stock fell by approximately 3-5% on the day of the announcement.
The numbers behind the pause For the first half of 2026, Bitcoin Group SE reported revenue of €1.59 million. EBITDA for the same period came in at negative €3.25 million.
The company anticipates a continued decline in full-year revenue and expects EBITDA to stay negative.
Plan B: outsourcing the regulated parts Bitcoin Group SE says it aims to work with regulated German partners to launch a new trading model through a technologically revamped bitcoin.de app. The structure would split the job in two: one partner would handle trading, while another would take care of custody. The company is targeting a rollout within weeks.
The company has stated that customer assets remain secure during the transition.
The revamped platform was originally pitched as an expansion. Plans called for support of more than 100 crypto assets, along with advanced features meant to boost user engagement and trading capabilities.
Background: a long wait for a short answer The application went in on June 27, 2025. Trading on bitcoin.de was largely suspended on June 12, 2026. The refusal arrived on October 6, 2026. Holding a German banking license did not exempt futurum bank from needing a dedicated crypto authorization.
What this means for investors and the German market With revenue at €1.59 million and EBITDA at negative €3.25 million, every additional month without normal operations deepens the hole the company will need to climb out of.
The things to watch are concrete. First, whether the revamped bitcoin.de app actually launches within the targeted weeks. Second, which regulated German partners sign on for trading and custody. Third, whether the company’s next financial update shows the new model stabilizing revenue or simply slowing the decline.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
While Bitcoin is less volatile than it used to be, an analyst says a treasury company amplifies whatever swings remain in the asset.
Bitcoin treasury companies can give investors greater exposure to the cryptocurrency’s gains, but the amplification works in both directions, according to The Smarter Web Company CEO Andrew Webley.
In a recent interview with BTC advocate Stephen Livera, Webley also warned that unlike Bitcoin itself, these companies depend on management teams whose capital allocation decisions can materially affect shareholder returns.
Bitcoin Exposure Comes With Added Volatility Webley identified two risks investors need to understand, the first being volatility. Bitcoin is less volatile than it used to be, the CEO conceded, but it still swings more than many assets investors hold, and a treasury company “amplifies that volatility,” and investors cheer that on the way up and mostly dislike it on the way down.
“People don’t like it when I say it, but you can’t have it both ways,” Webley remarked. “You can’t have performance and no volatility.”
The second risk is management execution, which decides whether these companies work or not. According to Webley, executives have numerous decisions to make, particularly around capital structure, and choices that might allow a firm to grow faster could come at the expense of shareholders.
“Bitcoin has no management,” he stated. “A Bitcoin treasury company, the management could really, really mess it up.”
That leaves treasury-stock investors with a choice that Bitcoin holders do not face in the same form: accepting Bitcoin’s volatility while also trusting a management team to make the right financing and accumulation decisions.
Strategy and Strive Show the Trade-Off The scale of the current treasury operations helps explain why those decisions matter. As CryptoPotato reported yesterday, Strategy bought another 334 BTC for $28.7 million, taking its holdings to 848,000 BTC. The company has spent almost $64 billion accumulating Bitcoin at an average price of $75,441.
On the same day, Strive bought 2,000 BTC for $169 million at an average price of $84,422, bringing its holdings to 29,462 BTC. The company’s CEO Matt Cole argued that his firm can generate greater returns than their bigger rival through a higher amplification ratio, with Strive’s ratio at 51.4%, compared with roughly 25% for Strategy. Cole also projected that Bitcoin could reach $400,000 to $500,000 by late 2029.
You may also like: Altcoins Are Rallying, But Analyst Says Alt Season Has Yet to Begin Peter Schiff Predicts Bitcoin Will Drop If Tech Stocks Pull Back Strive CEO Says ASST Can Outrun Strategy in the Next Bitcoin Bull Market At the time of writing, the OG cryptocurrency’s price was still some way from that target. It was rejected at $87,000 on Monday morning after a weak US jobs report had pushed it above that level on Friday for the first time in ten days, but it fell below $84,000 within hours, leaving nearly $600 million in liquidations.
The latest CoinGecko reading has it within touching distance of $86,000, down half a percent in 24 hours but up nearly 7% across 30 days. However, it is still about 32% below its $126,000 all-time high.
VanEck CEO Jan van Eck has a simple thesis: approve more nuclear power, and two very different industries get a boost at once.
His argument is that greenlighting a nuclear plant would raise the value of AI and reduce Bitcoin sell pressure by delivering cheaper energy.
The reasoning rests on one shared constraint. AI and Bitcoin mining both run on enormous amounts of electricity, and whoever controls cheap, reliable power controls the economics of both.
The nuclear case, according to VanEck In a September 2025 interview, van Eck pointed to a major policy shift in favor of nuclear power. The driver, in his telling, is surging electricity demand from AI data centers and digital asset activity.
He highlighted substantial bipartisan support for nuclear energy in the US, referencing initiatives from both the current administration and the Trump administration. The headline effort is a plan aimed at quadrupling US nuclear output over the next 25 years.
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Van Eck cited the expedited restart of a reactor at Three Mile Island as evidence that the trend is real rather than theoretical. That restart comes through a deal between Microsoft and Constellation Energy, designed to bring a Three Mile Island unit back online ahead of its originally scheduled startup.
Why Bitcoin miners keep coming up Matthew Sigel, head of digital assets research at VanEck, has argued that Bitcoin miners sit in an unusually strong position. His point is that miners already hold extensive power contracts and the physical infrastructure to use them — exactly the assets AI and high-performance computing companies are scrambling to secure.
Sigel has noted that the market values Bitcoin miners at a discount compared with traditional data center operators. He described miners’ long-term power agreements as holding an “underappreciated optionality.”
Miners have traditionally sold a portion of the Bitcoin they produce to cover operating costs, especially electricity. If miners earn revenue from AI and computing contracts, they lean less on selling Bitcoin to pay the bills.
Sigel has also pointed to signs of seller fatigue among Bitcoin miners, observed in October 2026. He linked that to the structural value of miner power assets as AI demand rises.
VanEck’s own scorecard VanEck has a stake in both sides of this story. The firm runs Bitcoin investment products alongside a nuclear-focused fund.
The VanEck Uranium and Nuclear ETF, which trades under the ticker NLR, was reportedly up approximately 40% in the year. The fund drew around $2.8 billion in assets by the end of 2025.
Readers should weigh the commentary with that context in mind. A firm that sells nuclear and crypto exposure naturally has reasons to talk up the overlap between them.
What this means For Bitcoin, the most interesting part of van Eck’s argument is about who sells Bitcoin and why. If AI contracts and cheaper electricity turn miners into diversified power companies, a reliable source of supply could quietly shrink.
For the nuclear sector, the Microsoft and Constellation deal is the clearest real-world test so far. If that Three Mile Island restart arrives early and on budget, it strengthens the case that tech demand can actually accelerate nuclear timelines.
The things to watch are concrete: nuclear approvals and restart timelines, how many miners sign AI or computing contracts, and whether miner selling keeps tapering as Sigel suggests.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
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.
Against the backdrop of intense pressure from the U.S. debt market, crypto investors are increasingly asking whether they have missed their chance to enter. According to a fresh report from market maker Wintermute, the answer is clear: it is not too late to buy, because the global bull trend in digital assets is still in the early stages of its cycle.
Still, in the short term, investors in majors like NEAR and XRP should prepare for a local breather, as the current three-month altcoin rally has reached a mature phase.
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As of October 2026, Bitcoin (BTC) was up 2.4% for the week, holding at $86,100, showing that the flagship asset still has strong upside potential. Buyers' main achievement was holding the $82,500 level, which has now turned into support. The next target is the $90,000–$95,000 range, where retail investors' euphoric positioning ran into a wall of profit-taking earlier this year.
However, BTC's further advance is now being driven not by crypto-specific events but by conditions in traditional markets. Yields on 10-year U.S. Treasuries jumped to 5.35%, while 30-year yields reached 5.6% — their highest levels since 2008.
As Bitcoin's correlation with the S&P 500 grows, this creates a hidden macroeconomic risk for the crypto market if stocks fall.
Why the lull in XRP and NEAR is good news for the marketFor investors who think it is already too late to enter positions in NEAR, XRP, ARB, or ZEC, the current market offers an important clue: the altcoin index fell 1.1%, recording its first weekly decline since early August.
While fundamentally strong projects have spent the past 14 days moving sideways, a dangerous surge has begun in low-cap, low-quality tokens. Capital has started flowing into lagging second-tier assets simply because they have not yet risen.
14-day flat performance of "bluechip" altcoins, Source: Wintermute OTCWintermute emphasizes that the current local wave appears exhausted, and buying low-quality coins at this stage is a classic trap for latecomers. By contrast, the lull in NEAR and XRP represents healthy consolidation. The long-term anatomy of the trend fully supports the view that this bull cycle is only beginning.
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Wintermute analysts assess market maturity by tracking changes in the top 250 cryptocurrencies, where new technology names are replacing the heavyweights of past years.
After the foundations were laid through DePIN and AI in 2024, followed by the expansion of AI agents in early 2025, October 2026 is showing a steady increase in high-quality market capitalization. This rotation echoes patterns from previous years, meaning altcoins have every chance of establishing themselves as full-fledged blue chips in the current cycle.
The market is simply waiting for November 3, when the U.S. midterm elections will reduce uncertainty around Treasury bonds and clear the way for new highs.
Bitcoin (CRYPTO: BTC) liquidity across major centralized exchanges surged nearly 50% in 2026, widening its lead over Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL).
XRP (CRYPTO: XRP) stood out with substantially more capital sitting on the bid side of its order books and Dogecoin (CRYPTO: DOGE) remained the least liquid, according to a CoinGecko report published Tuesday.
Across eight major centralized exchanges included in CoinGecko’s study, Bitcoin recorded median cumulative depth of roughly $29 million on the buy side and $37 million on the sell side.
Binance remains the deepest venue, accounting for 25.3% of total BTC liquidity across the exchanges studied.
The deeper books suggest larger trades can be absorbed with less slippage, strengthening Bitcoin’s position as the crypto market’s most institutionally accessible asset.
Why Is ETH, SOL Liquidity Shrinking?Ethereum moved in the opposite direction. Median ETH liquidity stands at roughly $13 million to $14 million within a 0.15% range, equivalent to just 35% to 45% of Bitcoin’s depth.
In 2025, ETH orderbook liquidity was at least 60% of Bitcoin’s within a comparable range.
Solana saw an even clearer deterioration. Single-sided liquidity across the eight exchanges dropped more than 28.5%, from roughly $28 million in 2025 to about $20 million this year.
Coinbase (NASDAQ:COIN) emerges as the dominant SOL venue further away from the market price, with more than $6 million in buy-side liquidity and $4 million in sell-side liquidity within the broader 2% range.
XRP Bids Outpace Sellers, Dogecoin Remains ShallowestXRP’s overall liquidity remains relatively stable from 2025, but its order book has become noticeably skewed toward buyers.
Across the exchanges, XRP has nearly $18 million in bids compared with $14 million in asks.
Despite XRP’s larger market capitalization, Solana still has deeper cumulative liquidity within the 2% range, supported by roughly 25% higher average daily trading volume.
Dogecoin remains the least liquid of the five cryptocurrencies studied, recording only around $9 million to $12 million in single-sided liquidity within 2%.
The relatively shallow DOGE books leave the meme coin more exposed to slippage and larger price swings from sizable trades, with only a handful of exchanges providing more than $1 million in meaningful market depth.
[PRESS RELEASE – Hong Kong, Hong Kong, October 6th, 2026]
ASICID Inc. has released its IDMINER Series, a new lineup of cryptocurrency mining systems designed for Bitcoin, Litecoin, and Dogecoin mining.
The series includes the IDMINER HomeRack, IDMINER 2 and IDMINER 1, with configurations ranging from 1,150 TH/s to 9,600 TH/s of Bitcoin hashrate and from 350 GH/s to 3,200 GH/s of Litecoin and Dogecoin hashrate.
The three models are designed for different mining setups, from individual and home miners to professional and larger-scale operators.
IDMINER Series Specifications
IDMINER HomeRack
Bitcoin hashrate: 9,600 TH/s Litecoin/Dogecoin hashrate: 3,200 GH/s Power configuration: 4 × 1,300W Estimated monthly mining revenue: up to $25,590* IDMINER 2
Bitcoin hashrate: 2,400 TH/s Litecoin/Dogecoin hashrate: 800 GH/s Power consumption: 1,300W Estimated monthly mining revenue: up to $6,390* IDMINER 1
Bitcoin hashrate: 1,150 TH/s Litecoin/Dogecoin hashrate: 350 GH/s Power consumption: 700W Estimated monthly mining revenue: up to $2,790* *The revenue figures are estimates based on network conditions, cryptocurrency prices, and mining difficulty at the time of publication.
Designed for Simpler Deployment
The IDMINER systems are delivered pre-configured and tested before shipment. Users can connect the miner to power, connect via WiFi or Ethernet, enter their preferred mining pool information, and begin mining.
The systems support major mining pools and also provide access to ASICID’s Zero-Fee Mining Pool option.
Other features include thermal management and hardware testing before shipment.
Built for Bitcoin, Litecoin and Dogecoin Mining
ASICID develops and manufactures its mining hardware through an integrated production process that includes research and development, hardware engineering, assembly, thermal testing, and quality assurance.
The company is headquartered in Hong Kong with additional operations in the United States and serves individual miners, professional mining businesses, and institutional operators.
With the IDMINER Series, ASICID is targeting miners looking for high-hashrate hardware with straightforward deployment and power requirements suited to ongoing mining operations.
For more information about the IDMINER Series, users can visit www.asicid.com.
Binance, one of the world’s largest cryptocurrency exchanges, reported that its users increased their Bitcoin holdings in October, as shown in its most recent proof-of-reserves snapshot. Balances for Ethereum, USDT, and BNB, however, declined over the same period, indicating shifting trends in asset allocation among the exchange’s customers.
Bitcoin holdings rise amid broader market gainsAs of October 1, Binance users collectively held approximately 688,573 BTC, up by 6,217 BTC or 0.91% from the 682,356 BTC recorded on September 1. The snapshot reflects a noticeable increase in Bitcoin holdings during a period when Bitcoin’s price fluctuated around $85,000 to $87,000.
Binance Research reported that the total crypto market capitalization increased by 11% in September, reaching $2.99 trillion. Spot Bitcoin ETFs saw inflows totaling $3.49 billion during the same month, signaling increased investor demand for Bitcoin-related products.
While the data shows that Binance users opted to hold more Bitcoin on the platform, the proof-of-reserves snapshot does not provide information on the specific reasons for individual user behavior.
The increase in BTC holdings coincided with a rise in total crypto market capitalization and strong ETF inflows, suggesting a favorable environment for Bitcoin accumulation among Binance users.
Ethereum, USDT, and BNB balances declineWhile Bitcoin balances rose, user holdings of Ethereum fell during the same snapshot period. On October 1, Binance reported around 3.799 million ETH held by users, representing a decrease of 183,602 ETH or roughly 4.61% compared to September’s total of 3.983 million ETH. This decline is more pronounced in percentage terms than the increase in Bitcoin balances.
USDT balances fell by about 0.87%, reaching 32.03 billion tokens. User holdings of BNB declined 0.77%, dropping to approximately 43.04 million tokens as of October 1. Combined, these shifts suggest that changes in Binance user portfolios were asset-specific rather than part of a uniform movement across all major coins.
AssetSeptember 1 HoldingsOctober 1 HoldingsChangeChange (%)BTC682,356688,573+6,217+0.91%ETH3,983,0003,799,398-183,602-4.61%USDT32.31 billion32.03 billion-0.28 billion-0.87%BNB43.37 million43.04 million-0.33 million-0.77%These figures highlight the varied adjustments Binance users made across different cryptocurrencies during the latest reporting period.
USDT movements and proof-of-reserves process explainedUSDT functions as a key stablecoin in global crypto markets and is frequently used to provide trading liquidity across exchanges. The fall in Binance’s user USDT holdings, as indicated by the snapshot, may be due to withdrawals, conversions to other assets, or shifts in trading activity. However, the snapshot alone cannot clarify these motivations or signal broader capital movements in or out of crypto markets.
Binance’s proof-of-reserves mechanism enables users to confirm that their balances are included within reported liabilities, using a combination of Merkle Tree data structures and zk-SNARK cryptographic proofs.
Mini dictionary: zk-SNARK, which stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” is a cryptographic method that allows one party to prove to another that a statement is true, without revealing any specifics about the statement itself.
Binance asserts that its reserves back user assets on a 1:1 basis, with figures reflecting user balances at discrete monthly intervals rather than real-time holdings.
Focus on transparency as asset composition shiftsThe proof-of-reserves snapshots are crucial for maintaining user trust and transparency regarding the assets Binance holds on behalf of its customers. The latest data reveals a shift toward holding more Bitcoin, with declines in Ethereum, USDT, and BNB. This asset rotation highlights adjustments in user positioning as market conditions evolve.
Observers will look to future snapshots to determine whether the Bitcoin accumulation trend persists or if positions shift further. Regulatory attention to reserves and asset backing remains elevated, making these disclosures essential for sustaining confidence among crypto exchange users.
The @CFTC has publicly identified six cryptocurrencies as digital commodities under the joint market taxonomy it developed with the SEC, a move that removes years of legal uncertainty for some of the industry's most widely traded assets.
What the Digital Commodity Label Means
For $XLM and $XRP specifically, this settles longstanding questions about their regulatory standing in the United States.
CFTC Takes Sole Jurisdiction Over Spot and Derivatives Markets That jurisdictional clarity is significant: it means exchanges listing spot or derivatives products for $BTC, $ETH, $SOL, $XLM, $XRP, and $XTZ now have a single primary regulator to answer to, rather than navigating overlapping SEC and CFTC oversight.
Sources:
Forvis Mazars: SEC & CFTC Issue Historic Crypto Asset Framework
Bitcoin.com News: US Regulators Recognize XRP's Non-Security Status
Ballard Spahr: SEC and CFTC Clarify When Digital Assets Are and Are Not Securities
As of today, Quantus, a new quantum-resistant, private L1 pitching itself as an alternative to Bitcoin, is tradable through NEAR Intents, giving QTC its first real connection to cross-chain liquidity.
The proof-of-work chain itself has actually been live since September 9th, but until now has remained largely isolated by the lack of a real liquidity network, making QTC difficult to buy and, as a result, difficult to build a base of holders around. Going live on NEAR Intents changes that, opening Quantus up to a much larger pool of crypto liquidity.
To discuss the launch, co-founder Christopher Smith joined our podcast to share more about the L1, what he sees as the real hurdles of quantum, and why it's working so closely with NEAR.
What follows is a summary of the conversation, and what it says about how Bitcoin, Zcash and Quantus each trade off credibility, privacy, and quantum risk.
Let's begin.
— (@)
What Is Quantus? Quantus is an L1 built to weather quantum attacks and remain private while doing so.
It replaces Bitcoin's vulnerable elliptic curve signatures with a quantum-resistant, lattice-based scheme, while borrowing a proposed Ethereum design to keep transactions private through zero knowledge. Like Bitcoin, it has a 21 million supply cap, though 27% of it was pre-mined for investors, founders, and the team, with the rest being steadily dripped as block rewards rather than halvings.
What's drawn interest (or raised eyebrows based on who you are) is that it's backed by many of the same names that got loud on Zcash last year. Balaji led the second round, plus AngelList co-founder Babak Nivi and Solana's resident ZODLer Mert are among the investors.
All of it is in service of the quantum problem, whose scale and layered social complexity Smith outlines better than anyone I've heard recently.
The Quantum Problem Smith’s core point is simple: the technical problem can be solved, but the social coordination problem remains massive.
BIP-360, a proposal to add a new quantum-resistant address type to Bitcoin, offers one technical path, but it only protects coins that migrate. That leaves Satoshi's coins, along with coins lost, forgotten, or held by the deceased effectively unreachable, unable to migrate even if BIP-360 or something like it passes and thus indefinitely vulnerable Sure, Bitcoin's 17 years of distribution strengthens its decentralization, but also makes reaching every exposed holder close to impossible. For Bitcoin, that is a credibility problem as much as a technical one, since its core promise is that you own your coins.
And it isn't just Bitcoin facing the threat of quantum. The whole industry has been layering one cryptographic scheme on top of another for a decade, Smith argues, leaving a patchworked system that's incredibly difficult to upgrade in its entirety.
For example, on Ethereum, migrating a normal wallet could mean unwinding a lending position, repaying debt, moving the assets and rebuilding the position in a new wallet. Staking and crosschain systems have their own cryptography to upgrade on top of that.
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This is where Quantus believes it can compete, by offering one clean, simple fix, a chain that starts without the layers.
— (@)
The Catch Yet as we know, there's usually no "one clean, simple fix," and Quantus's pitch sounds a lot like the "I can fix Bitcoin with my new L1" promises we've heard before. The difference is that the problem it points to is real. But a real problem doesn't guarantee anyone shows up to hold the solution.
Smith acknowledges this: Quantus removes Bitcoin's cryptographic migration risk, but swaps it for an adoption problem, which is really a credibility problem. Out of the gate there’s no liquidity, no brand, no holders, no network effects.
Their work with NEAR is, in part, an attempt to jumpstart that credibility. Think of NEAR Intents as the venue where QTC is now effectively "listed," connecting it to crosschain liquidity and a far larger pool of potential traders than Quantus could build on its own, which is especially difficult for a proof-of-work coin whose early supply has yet to be mined.
Being easier to trade doesn't manufacture credibility, but it feeds some of its ingredients: liquidity, distribution, and network effects. It also casts NEAR as a sort of port for specialized new chains looking for a way into the rest of crypto.
Three Assets, Three Risk Profiles Put the three chains I’ve mentioned in this article so far side by side and the tradeoff is clearer:
Bitcoin has the most credibility, but little privacy and real quantum migration risk. That credibility is trending down.
Zcash has privacy, a quantum roadmap through Tachyon, and credibility that is trending up.
Quantus has privacy and quantum resistance today, but no credibility yet.
None of the three is strictly better. They're different mixes of the same qualities, each hedging the others' weaknesses, and each asking you to take on a different risk.
This is also why I don't think Zcash's backers funding Quantus necessarily undermines Zcash. Yes, both are pitching themselves as alternative stores of value to Bitcoin. But Zcash has something Quantus cannot simply code into existence: a decade of development, organizations devoted to improving it, and a decade's worth of token distribution. Quantus has been live for less than a month.
That brings us back to the bigger picture: I expect this spectrum of "Bitcoin, but better" alternatives to become a larger theme this cycle. We've seen Bitcoin challengers promise faster blocks or cheaper transactions before, but those never threatened Bitcoin's core promise. Quantum does. It goes after ownership, the thing Bitcoin is ultimately supposed to guarantee, and with it the credibility Bitcoin has built. Pair that with a widening sense that Bitcoin has been absorbed by the financial system it was built to route around, as I argued recently, and challengers have more room than they've had in a while.
This is Not Bitcoin’s Cycle on Bankless
Last cycle mainstreamed Bitcoin. This one may belong to Zcash and alts with real revenue, buybacks, and newly opening U.S. markets.
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That doesn't mean Quantus wins. It could easily be a nonevent. Whether it captures any of that room is another question entirely.
In brief Zcash and Monero were the two best performers among the largest coins over 24 hours, while Bitcoin gained just 0.59% and Ethereum 0.34%. Zcash still trades about 19% below its late-September high of $1,698, and Grayscale's Zcash ETF saw $30.25 million in outflows on Sept. 30. Macro is holding everything still: the Fed hiked to 3.75%-4.00% on Sept. 16, then September payrolls came in at 29,000 against 84,000 expected. After weeks of Bitcoin turning heads and climbing the charts, the top of the crypto market is now barely moving. Bitcoin trades at $86,264.06, up 0.59% over 24 hours. Ethereum sits at $2,714.39, up just 0.34%.
The whole market is worth just north of $3 trillion, essentially flat for the day, according to CoinGecko data. The rest of the 12 largest coins are drifting in roughly the same way. Solana gained 1.4% and XRP 1.07%, while BNB lost 0.41% and Tron 0.22%.
Myriad: How high will Bitcoin go? Click to make your prediction.Most traditional coins are flat, and then there’s privacy coins.
Zcash, perhaps the best known privacy coin, has been on a tear over the last year, and today is up 3%, recovering from a pullback off its recent peak near $1,600. Monero, meanwhile, is up 2.14% at $562.32 over the last 24 hours, making the privacy coins the standout performers on the day.
The daily charts tell the two coins apart. Zcash is up 2.62% on Binance since the day's candle opened, so its move is still running. Monero is riding a spike that began yesterday and kept running during the last 24 hours..
The overall flat tape for the crypto market has a reason. The Federal Reserve raised rates to 3.75%-4.00% on Sept. 16, its first hike since July 2023. Then the September jobs report landed with just 29,000 new jobs against the 84,000 economists expected, and unemployment ticked up to 4.2%.
That weak print cut the odds of an October hike to about 22% right after the report, according to CME FedWatch. The likelihood that interest rates do not increase again is a good sign for risk assets, so the September rate hike combined with odds of another hike sinking is essentially a wash—hence, a flat market.
Bitcoin, though, continues to show bullish momentum. Yesterday, it flashed a second golden cross, with its 100-day exponential moving average crossing above the 200-day. It is still sitting below resistance at $87,354. But even the most sustained bull runs need time to breathe.
Now, here’s the caveat on Zcash. A green day is not a trend reversal. ZEC still sits about 19% below its late-September high of $1,698, and one day of buying does not close that gap.
Zcash slid to $1,333.50 intraday on October first as Grayscale's Zcash ETF lost $30.25 million. Even after that outflow, the fund has taken in about $268 million in net inflows since it launched on Aug. 25.
Zoom out, and Zcash is its own story. The coin has gained about 2,500% over the previous 12 months, and it still not showing signs of a serious trend reversal.
The latest leg was a 253% climb from a $480.72 base to the $1,698 high in late September. It came with two big events: Grayscale's Zcash ETF launched on Aug. 25, and coinholders voted 98.9% on Sept. 17 to keep Bitcoin-style halvings (and keep the coin's inflation in check).
A cooldown is not out of character for this coin. ZEC dropped 38% when the Ironwood counterfeiting scare hit earlier this year, then recovered past $1,600. Against that, the current slide of about 19% from the September high is mild.
Monero is in a similar spot. XMR trades about 11% below its September high of $632.86. Its market cap is $10.57 billion, less than half of Zcash's $23.18 billion.
Based on the daily charts, both privacy coins are in consolidation, not breakout. On Zcash's daily chart, price is at $1,372.69, stuck just under the resistance zone at $1,403.89, measured from the $451.75 low to the $1,698 high. Today's high of $1,385 did not reach it. The 38.2% level at $1,221.93 sits below as the next marker.
A faster gauge disagrees on Monero, which is deep in overbought territory, but is showing a more constrained movement, trading sideways since late September.
Here are the levels to watch in the near term: Bitcoin needs to clear $87,354, Zcash faces $1,403.89 overhead, and Monero needs to keep holding above $558.69.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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In September 2026, Binance users added nearly $537 million in Bitcoin, according to its proof of reserves data. Meanwhile, their Ethereum holdings fell by roughly $499 million. Are traders selling ETH to buy into BTC?
The data compares what the exchange holds in its wallets with what customers have deposited. Crypto exchanges began publishing these checks after the FTX collapse in 2022.
How Binance Customer Balances Changed in SeptemberBitcoin was the only major asset where customer balances grew. Holdings rose 0.91% to about 688,573 BTC, according to Binance.
Ethereum balances dropped 4.61%. Customer holdings of Tether’s USDT stablecoin slipped 0.87%. Balances of BNB, Binance’s own token, fell 0.77%.
Binance proof of reserves dashboard, October snapshot, Source: BinanceWhy Did Customers Favor Bitcoin Over ETH?Binance’s report gives no reason for the shift. It counts totals only and does not show whether the same customers sold ETH to buy Bitcoin.
However, price moves form one backdrop. Bitcoin has climbed nearly 47% from its July low, per Binance Research’s rebound data.
Mood around ETH also soured. Bearish social media posts about ETH outnumbered bullish ones as October began, according to analytics firm Santiment. That marked the weakest ETH sentiment since June 7.
😬 Ethereum and XRP sentiment has suddenly turned very negative to kick off October. $ETH is down to 0.89 bullish comments per bearish comment across X, Telegram, Reddit, and other social platforms. This is its lowest ratio since June 7. $XRP sits at just 0.67, its lowest since… pic.twitter.com/ajxBKBVewE
— Santiment Intelligence (@SantimentData) October 1, 2026 Wall Street investors, however, kept buying both. US spot Ethereum ETFs, which let investors buy ETH through a stock account, took in about $850.8 million over seven straight days in late September.
Bitcoin funds drew roughly $3.08 billion over nine sessions, according to SoSoValue data.
How Much Spare Crypto Does Binance Hold?Binance holds more than 100% of customer deposits in each of its eight listed assets. However, the cushion is uneven.
The exchange holds 691,004 BTC against 688,573 BTC owed to customers. That 0.35% surplus is about 2,431 BTC, or roughly $208 million at Bitcoin’s current price.
Bitcoin Price Performance. Source: BeInCryptoETH is covered almost to the coin, with about 3 spare ETH. The biggest buffer sits in stablecoins, including $1.24 billion in extra USDT.
Still, the report is a one-day snapshot of wallets, not a full audit. It does not cover Binance’s own debts. The November report will show whether the shift toward Bitcoin continues.
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.
A former UBS Asia investment bank chief thinks the biggest swing factor for Bitcoin might not be in Washington or on Wall Street. It might be in Beijing.
Joseph Chee, now CEO of Solana Company, said that China reopening crypto trading and widening its use of blockchain could set off a new supercycle for digital assets. He sees Bitcoin as a particular beneficiary. His condition is a big one, though: the risks have to be managed well.
What Chee actually said Chee made the remarks on CNBC’s Squawk Box Asia on October 6, 2026. His core argument was about scale. If the mainland reopens access, demand from China’s massive user base could be significant.
The key word in his framing is “if.” Chee tied any supercycle to effective risk management. He did not describe a done deal or a timeline. He described a scenario that depends on how carefully Beijing handles the opening.
That nuance matters. The online summary of his view leaned more confident, saying the rollout “will” trigger a supercycle. On air, the argument was conditional: a reopening could spark one, provided the risks are contained.
He also made a point about geography. According to Chee, Beijing is using Hong Kong as a testing ground. The city lets policymakers experiment with how to handle digital asset adoption and trading before anything reaches the mainland.
One clarification is worth making. UBS itself was not linked to the comments. Chee was speaking in his current role, and his UBS background is part of his résumé rather than part of the message.
Why Hong Kong keeps showing up in this story Mainland China has kept strict limits on crypto trading in place since September 2021. That crackdown effectively walled off one of the world’s largest pools of potential crypto users from the market.
Hong Kong took a different path. The city has been building out regulatory frameworks that make it far more welcoming to digital assets than the mainland.
Two areas stand out. Hong Kong has developed licensing frameworks for stablecoin issuers, the companies that mint tokens pegged to traditional currencies. It has also launched pilot projects for tokenizing real-world assets.
Chee’s thesis connects these efforts to a larger plan. If Hong Kong’s rules work, they could become a template for gradual policy experiments on the mainland.
What this means for Bitcoin and the broader market For investors, the bull case is simple to state. A reopened China could mean a wave of new capital and trading activity flowing into Bitcoin and other digital assets. Access to one of the world’s largest potential markets would be restored after years of restrictions.
The bear case is just as simple. None of this has happened. Chee described a potential reopening, not an announced one. The mainland’s 2021-era limits remain the reality on the ground.
The more useful signal to watch is Hong Kong itself. How its stablecoin licensing regime performs, and whether its tokenization pilots produce real results, will likely shape how Beijing views any broader move.
For the wider industry, the stakes go beyond price. Stablecoin issuers and tokenization firms have a direct interest in how Hong Kong’s frameworks develop. Firms that establish themselves under those rules may be best positioned if the mainland eventually follows Hong Kong’s lead.
Chee’s own position is worth noting too. As CEO of Solana Company, he runs a business with a direct stake in digital asset adoption. That does not make his analysis wrong, but readers should weigh it accordingly.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Several crypto analysts are again putting big numbers on the table for a potential bullish cycle. Bitcoin at $190,000. Ethereum near $9,000. XRP above $30. Solana above $2,700. These are some of the wild, ambitious targets being described by popular figures.
The targets vary wildly, and so does the reasoning behind them. Some analysts are looking at multi-year chart patterns. Others see more immediate signals that could shape the next move.
Note: None of these levels are forecasts with certainty. They show where traders think prices could go if key technical conditions are met.
Bitcoin and Ethereum Targets Are Turning BullishFor Bitcoin, analyst Ali Martinez is watching a rising channel that has developed over roughly two years.
His chart places major resistance around $125,000. A confirmed breakout could open a move toward $190,000.
Michaël van de Poppe is taking a more cautious view. He argues Bitcoin’s low volatility and slow climb are healthy rather than signs that momentum has disappeared.
The pitcure of #Bitcoin remains to be the same.
Not much volatility happening on the markets, and just a slow grind upwards.
To be honest, that's completely fine for me. pic.twitter.com/KGwzPqeInp
— Michaël van de Poppe (@CryptoMichNL) October 6, 2026 Ethereum is attracting similarly bullish calls.
Martinez sees resistance around $5,000, with a successful breakout potentially putting $8,800 in play.
MerlijnTrader is watching a different signal. Ethereum has formed its third golden cross on the two-day chart since 2023. According to his analysis, the previous two were followed by rallies of close to 100%.
You've seen this $ETH signal twice before.
Both golden crosses on the 2D since 2023 were followed by a move of nearly 100%.
Number three just printed.
You know what that means. pic.twitter.com/kxI8GE1WHo
— Merlijn The Trader (@MerlijnTrader) October 5, 2026 XRP and Solana Bring the Biggest TargetsThe more aggressive projections are appearing further down the market.
Martinez sees an ascending triangle on XRP, with resistance around $3.66. His measured breakout target sits near $31.87.
Moustache is focused on a much nearer hurdle. He sees an inverse head-and-shoulders setup that could help XRP reclaim $2, ending his outlook with a simple: “Send it.”
Solana has produced an even more eye-catching projection. Martinez’s cup-and-handle setup points to resistance near $295 and a possible long-term target around $2,744.
Sweep sees more risk first. His view is that Solana remains in an accumulation phase and could fall below $110 before another expansion begins.
$SOL is doing exactly what it did last month
First expansion and then accumulation
Right now SOL is in the accumulation phase with a drop below $110 possible
Once that completes the next leg up will start pic.twitter.com/t5OJNANx6j
— Sweep (@0xSweep) October 4, 2026 The numbers make for dramatic headlines. The important part comes before them: every projection depends on the underlying pattern actually breaking out and holding.
Until that happens, these remain scenarios rather than price destinations.
Bitcoin and XRP slip as NEAR and Quant advance. October 6 crypto analysis covers five coins, key chart levels, and conditional bullish and bearish scenarios.
Bitcoin Holds Above Its Rising 20-Day Average Bitcoin closed October 5 at $85,751.50 on Kraken, down 0.88% from $86,510.40. The session reached $86,973.60 before retreating, extending the pattern of approaches toward late-September resistance without a sustained daily break above it.
BTC/USD daily candles with the 20-day SMA; resistance remains concentrated around $86,974–$87,447. The 20-day simple moving average rose to $83,365.08 from $82,856.76. BTC Price remains above that rising average, preserving the broader recovery even as the latest candle weakened. The average sits below the immediate trading range, offering a deeper support reference rather than evidence that resistance has broken.
Monday’s report identified an unresolved resistance test. That condition persists: a daily close above $86,973.60 would clear the latest session high, while $87,229–$87,446.70 contains the October 2 and September swing highs on Kraken. A close above $87,446.70, followed by a successful retest, would provide stronger confirmation of range expansion.
The October 5 low at $84,965.70 is the first downside reference, followed by October 3’s $84,431.70 low. Losing $84,431.70 on a daily close would weaken the immediate recovery and expose $83,860.70, then the rising average. Bitcoin’s aggregate quote also fell from Monday’s $86,081 snapshot to $85,489, approximately 0.69% between reports.
XRP Momentum Cools While the Range Holds XRP ended October 5 at $1.50748, down 0.83% from $1.52016. Its $1.53087 session high reached the lower edge of the resistance band discussed Monday, but the daily close remained beneath that boundary.
XRP/USD daily candles and Wilder RSI (14), which eased to 57.04 on the latest completed session. Daily RSI, calculated over 14 periods with Wilder smoothing, eased to 57.04 from 58.93. Momentum remains above the neutral 50 line, although the decline shows that the latest session did not extend the prior recovery. This is a cooling momentum reading, not an oversold signal or a confirmed bearish reversal.
Initial support lies at $1.48629, Monday’s low, and $1.47398, the October 1 low. A close below $1.47398 would shift attention toward the October 2 low of $1.44698 and weaken the range’s lower support structure.
For an upside attempt, XRP first needs a close above $1.53087. Clearing the September 29 high at $1.56056 would offer stronger confirmation and reopen $1.61. A subsequent return below $1.53 would weaken that breakout scenario. The central conclusion is unchanged from Monday: XRP has recovered from lower levels, but its principal resistance band remains intact.
NEAR Rebounds Toward the 78.6% Retracement NEAR closed October 5 at $5.2903, up 7.61% from $4.9160, after reaching $5.3179. The close extended its recovery from the October 2 low but remained below the early-October and late-September highs.
NEAR/USD retracement levels of the October 1–2 downswing; the latest close is between 61.8% and 78.6%. The Fibonacci map measures an upward retracement of the downswing from the October 1 high of $5.5281 to the October 2 low of $4.5901. The 38.2%, 50%, 61.8% and 78.6% recovery levels are $4.9484, $5.0591, $5.1698 and $5.3274, respectively.
Monday’s close reclaimed the 61.8% level but stopped below 78.6%. A completed daily close above $5.3274 would strengthen the recovery toward $5.5281. Beyond that, the September 27 high at $5.5778 remains the visible resistance reference. No extension target is assumed before those highs are cleared.
Holding $5.1698 would preserve the latest retracement recovery. A close back below it would weaken that signal and expose $5.0591, followed by $4.9484. Losing Monday’s $4.8125 low would provide a clearer price-structure invalidation. The earlier rally remains visible on the daily chart, but the rebound has not yet produced a new swing high.
Solana Consolidates Above the Bollinger Midpoint Solana closed October 5 at $120.76, down 0.67% from $121.57. Its $122.04 daily high fell short of October 4’s $122.25 high, while the session low reached $118.93.
SOL/USD with Bollinger Bands: price remains inside the bands and above the 20-day midpoint. Daily Bollinger Bands, using a 20-day simple moving average and two population standard deviations, place the midpoint at $116.237, the upper band at $128.828 and the lower band at $103.646. SOL remains above the midpoint and inside the envelope. That combination supports a consolidation interpretation rather than a confirmed breakout.
A daily close above $122.25 would improve the immediate structure, but October 2’s $123.74 high and September 27’s $124.91 high remain further obstacles. Clearing $124.91 would make the changing upper band a relevant upside reference; it is not a guaranteed destination.
Support begins around $118.50–$118.93. A close below $118.50 would expose the recent $116.33–$117.21 lows and the nearby Bollinger midpoint. Losing that cluster would weaken the recovery structure, while a return below $122.25 after an upside break would invalidate the initial breakout attempt.
Quant Gains as Its MACD Histogram Contracts Quant closed October 5 at $262.88, up 4.16% from $252.39. The candle recovered from a $245.43 low but remained below October 3’s $269.99 high and October 4’s $278.28 high.
QNT/USD and daily MACD (12,26,9): the histogram remains positive but has contracted for five consecutive sessions. Daily MACD, using 12-, 26-, and nine-period exponential moving averages, stood at 53.02 against a signal line of 43.50. Both were above zero, with MACD still above its signal. However, the positive histogram narrowed to 9.51 from 11.76, extending its contraction across the latest five sessions.
That is slower positive momentum, not a newly confirmed bearish line/signal crossover. The distinction matters because QNT rose on the latest candle even as the gap between the MACD and signal lines narrowed.
A daily close above $269.99 would improve the short-term recovery, with $278.28 the next test. Clearing that level would reopen the September 30 closing area near $286.92 and October 1’s $306.10 high.
Conversely, a close below $245.43 would expose $237.31; losing that support would weaken the recovery and bring October 2’s $222.33 low into view. A return below $269.99 after a breakout would undermine the bullish confirmation.
Coinbase President Anthony Bassili has offered an optimistic long-term forecast for the price of Bitcoin (BTC). Bassili stated that he expects Bitcoin to surpass the $300,000 level by 2030.
In his interview, Bassili noted that as Bitcoin’s market capitalization continues to grow, repeating the high returns seen in the past may become increasingly difficult.
According to Bassili, as Bitcoin’s total market capitalization increases, the rates of return achieved in each market cycle can be expected to gradually decrease. This means that the likelihood of Bitcoin experiencing the same scale of very high percentage increases in the future may decrease.
However, Bassili believes that Bitcoin still has long-term growth potential. The head of Coinbase Asset Management maintains his expectation that BTC will surpass $300,000 by 2030, while also commenting on the valuation difference between Bitcoin and gold.
Bassili considered the narrowing of the gap between Bitcoin’s market capitalization and the total value of gold as one of the long-term goals. However, he emphasized that he does not expect this gap to close in the short term.
Gold and Bitcoin are sometimes compared as stores of value due to their limited supply. However, the two assets differ significantly in terms of market capitalization, history, and investor base.
Bassili’s Bitcoin prediction of over $300,000 reflects a long-term market outlook. The statements are based on the view that while returns may become more moderate as BTC grows, the asset’s potential for appreciation remains.
*This is not investment advice.
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According to statistics from XWIN Japan, in the 12 months following all 19 U.S. midterm elections since 1950, the S&P 500 index has risen, with an average gain of 15.4%. The third year of a U.S. president’s term has historically been its strongest performing period. In the crypto market, Bitcoin has posted gains of 24.5%, 44.9%, and 92.3% in the 12 months after the 2014, 2018, and 2022 midterm elections respectively. However, Bitcoin dropped 45.5% in the first month after the 2018 election. It should be noted that there are only three observed data points for the crypto market, which is insufficient to form a reliable pattern. Analysts suggest that after midterm elections are finalized, attention should be paid to whether yields stabilize, institutional buying persists, and regulatory progress is made. Political tailwinds may benefit Bitcoin, but sustained growth still requires favorable market conditions to align.
Bitcoin spot ETFs ended a three-week streak of net inflows with a weekly outflow totaling $241 million as of October 2, 2026. Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded the largest single redemption among issuers, with investors pulling out $168 million. Meanwhile, Ark 21Shares Bitcoin ETF (ARKB) registered a gain of $25.52 million, while BlackRock’s iShares Bitcoin Trust (IBIT) saw significant outflows of $450 million, bringing its total cumulative inflows to $65.73 billion.
Market concentration and shifting ETF flowsTotal net assets of all spot Bitcoin ETFs with outflows reached $108.89 billion, which accounts for 6.42% of Bitcoin’s market capitalization, according to analytics firms SoSoValue and Farside Investors. Since their January 2024 launch, these products have accumulated a net inflow of $57.79 billion for GTVI, one of the leading funds.
A viral claim suggested Fidelity liquidated $159.7 million, reportedly influenced by transactions involving Ark Invest. However, data shows that IBIT and ARKB together contributed more than the sector’s biweekly net sum, while the remainder of the funds collectively experienced net negative flows.
For BlackRock’s IBIT, more than 60% of total inflows highlight a growing concentration risk within the ETF ecosystem. Fidelity’s $168 million withdrawal represents just 1.5% of its $10.9 billion asset base, considered manageable, though it does affect market maker inventories and can impact premiums or discounts.
Ark’s $25.52 million inflow increased its total to $1.4 billion, indicating persistent interest from both retail investors and financial advisors managing client portfolios. As ETF flows diverge, issuer focus has shifted and trading on exchanges and over-the-counter desks has contributed to improved liquidity, but also heightened reliance on a few dominant players.
ETFWeekly FlowTotal InflowsFBTC (Fidelity)-$168 million$10.9 billionARKB (Ark 21Shares)+$25.52 million$1.4 billionIBIT (BlackRock)-$450 million$65.73 billionPositions held by spot Bitcoin ETFs now represent 6.42% of the total circulating supply, signaling a structural shift in how brokerage and institutional trading interact with the underlying Bitcoin network. This pattern is further supported by exchange balance data from Glassnode and CryptoQuant, which track on-chain flows and reserve trends for digital assets.
Mini dictionary: Glassnode and CryptoQuant are blockchain analytics companies that provide real-time data on cryptocurrency reserves, flows, and on-chain movements for researchers and institutional investors.
Fee competition and regulatory landscapeFidelity and Grayscale’s GBTC, which reported a $54.6 million weekly loss, charge higher management fees than IBIT and ARKB. This fee differential is creating strong incentives for investors to switch providers, especially as ETF access expands to new platforms and portfolio models.
The US Securities and Exchange Commission (SEC) has enabled a market nearing $108.89 billion in assets under management, supporting operational stability and de-risked surveillance arrangements, according to market participants. Regulatory stability is cited as a factor encouraging institutional participation.
Rise of competing ecosystems and next stepsRival smart contract platforms like Ethereum and Solana are now working to capitalize on Bitcoin’s ETF momentum as they attempt to secure a greater share of advisor portfolios by establishing themselves as macro assets. The crypto market is recovering from a net $5.8 billion outflow in mid-July, followed by a surge of $2.4 billion in inflows in the week ending September 25, based on analysis by Nate Geraci. The current $241 million outflow is smaller but reflects a clear trend reversal.
Spot bitcoin ETFs have taken in $5.3 billion since the Treasury Department announced plans to repurchase long-dated bonds, including $2.4 billion in flows last week. The $1 billion inflow on Monday marked the ninth largest on record, with year-to-date flows back in positive territory after a $5.7 billion deficit in July.
Looking forward, ETF demand could accelerate if three catalysts emerge: end-of-year portfolio rebalancing by registered investment advisors, potential SEC approval of in-kind creation and redemption processes, and intensified fee-based competition that requires ETF issuers to scale assets under management.
Market analysts advise investors to rely on official flow data from Farside Investors and SoSoValue, cautioning that large outflows from a single ETF may be offset by inflows to others on the same day. While Grayscale is reducing its holdings, overall market flows are stabilizing and BlackRock’s expanding asset base is providing improved liquidity in the ecosystem.
Volume tends to reinforce itself as trading activity rises, and monitoring gross fund flows offers faster insights into investor sentiment than net flows alone. The question now is not about the longevity of spot Bitcoin ETFs, but about how concentrated institutional ownership may become in the near future.
Bitcoin traded around the $86,000 mark on Tuesday as the crypto market is supported by expectations of easing US monetary policy. The cryptocurrency was trading at $86,027.
In the past 24 hours, Bitcoin has gone up 0.23% and Ethereum was down 0.35%. Among the major altcoins, BNB, XRP, Solana, Dogecoin corrected by up to 1.30% whereas Tron, Hyperliquid, and Cardano gained by up to 2.65%
Vikram Subburaj, CEO, Giottus, said weak September jobs data sharply reduced expectations of an October Fed rate hike which has improved sentiment towards risk assets, including crypto. However, ETF flows have become more mixed after the strong inflows seen in late September.
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Subburaj further said investors should avoid chasing short-term rallies. A staggered approach and measured position sizes are preferable until the macro outlook becomes clearer.
The global crypto market capitalisation was down by 0.18% to $2.92 trillion, according to the data on Coinmarket cap.
Minal Thukral, Executive VP-Growth & Crypto Business Head at CoinDCX said after a significant rally, Bitcoin faces a considerable bearish pressure and is trading around $85,400 and the fear and greed index has slightly risen to 67, while the market sentiments are still greedy.
Over the last week, Bitcoin was up 2.11% and Ethereum was down 0.29%. Among the major altcoins, BNB, Tron, Hyperliquid, and Cardano gained by up to 9.34% whereas XRP, Solana, Dogecoin corrected by less than 1%.
Riya Sehgal, Research Analyst, Delta Exchange said Bitcoin continues to hold a constructive structure, but the market is struggling to convert that strength into a decisive breakout. Price remains capped around the 86.5K-87.6K region, with the 2026 yearly open near $87,570 forming an important ceiling.
Sehgal further said that profit-taking remains elevated on-chain, but there are no clear signs of broader structural exhaustion. October seasonality also provides a mildly supportive backdrop.
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Market perspective
Prateek Gupta, Head of Business, Mudrex: Bitcoin is consolidating around $85,600-86,000 after its strongest weekly close in eight months, but remains below its 2026 opening level near $87,570 as the dollar reached an 18-month high and the 10-year Treasury yield held near 5.25%. Markets now expect an October 28 Fed pause after weak US jobs data. FOMC minutes on Wednesday and October 14 CPI will be key tests.
CoinSwitch Markets Desk: BTC traded around 85K-86K after briefly approaching $87K, as rising U.S. bond yields weighed on sentiment despite support from weak employment data. Institutional accumulation continued, with Strive buying 2,000 BTC and Strategy adding 334 BTC. A sustained break above $87K is necessary to signal further upside.
Nischal Shetty, Founder, WazirX: The crypto market is showing signs of consolidation, with Bitcoin trading around $85,514 and leading altcoins recording mild short-term declines despite remaining positive over the broader period shown.
Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin is consolidating near the 85,500-86,000 range after another attempt to move above $87,000. The broader momentum remains constructive, although rising US bond yields are keeping some pressure on the market. Holding above the $85,000 level will be important for maintaining near-term strength.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Japanese bitcoin treasury firm Metaplanet added a net 1,000 Bitcoin in the third quarter, bringing its holdings to 44,000 BTC worth about $3.8 billion as of September 30, according to the company’s disclosures reported by CoinDesk. The Tokyo-listed firm has become one of Asia’s most aggressive public bitcoin accumulators since it began buying the asset in April 2024, and the latest gain came through a sale and repurchase designed to demonstrate liquidity rather than simple accumulation. The move extends a buying streak that has made the firm one of the region’s most closely watched bitcoin treasuries.
The Sale-and-Repurchase Behind the Quarter Metaplanet sold 10,000 BTC for roughly $789.2 million at an average of $78,925 per coin, then bought 11,000 BTC for $948.7 million at an average of $86,246. The firm temporarily held the proceeds in cash to show it could cover interest-bearing debt, though those obligations were not repaid, before repurchasing at higher prices. Executives framed the move as proof the company can access liquidity quickly while keeping its long-term bitcoin exposure, a point lenders scrutinize on crypto treasury balance sheets. Its total position now carries a cost basis of about $4.33 billion, or $98,454 per coin.
A New Income Strategy The company also introduced a Net Interest Income Strategy targeting investments principally in preferred securities issued by bitcoin treasury companies, with plans to allocate about 10% to 15% of total assets to the effort. The program is intended to generate returns above Metaplanet’s funding costs, helping service existing obligations while supporting further bitcoin purchases, and runs alongside a bitcoin options operation that has generated revenue for eight consecutive quarters. Its options-based Bitcoin income business produced roughly $5.4 million in Q3 revenue, down 51% from the prior quarter and 65% year over year, while nine-month revenue reached about $35.2 million. The third-quarter sale exceeded the size of the company’s entire debt, underscoring the scale of the liquidity demonstration. “Our objective has been to build the leading Bitcoin financial company in Asia,” CEO Simon Gerovich said.
The quarter strengthens Metaplanet’s position among Asia’s largest corporate bitcoin holders, following a path that Strategy and other public treasury firms have pursued with income-generating strategies alongside their holdings. Shares closed 2% higher on Monday at 297 yen ($1.88).
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, /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence ("AI") data center company ("Hyperscale Data" or the "Company"), today announced that, as of October 4, 2026, it held 219.9586 Bitcoin representing an aggregate value of approximately $19 million based on the Bitcoin closing price of $86,480. Additionally, the Company held approximately $37.4 million in cash and restricted cash.
"We are pleased with the current financial position of the Company," stated Milton "Todd" Ault III, Executive Chairman of Hyperscale Data. "Our focus remains on strengthening the Company's balance sheet in order to support our core businesses and advance the development of our Michigan AI data center."
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it offers colocation and hosting services for the emerging AI ecosystems and other industries. Another of Hyperscale Data's wholly owned subsidiaries, Ault Capital Group, Inc. ("ACG"), is a hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.
Hyperscale Data currently expects the divestiture of ACG (the "Divestiture") to occur in 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets and the third wholly owned subsidiary of the Company, Omnipresent Robotics, LLC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company's website at hyperscaledata.com.
Bitcoin (BTC USD) fell about -0.5% to about $85,800 after sellers rejected a move above $87,000 for the third time since September 23. The setback came as Strategy bought 334 BTC and Strive added 2,000.
This creates a clear contrast: corporate accumulation continues, but Bitcoin’s price has not yet turned that demand into a confirmed breakout.
Strive acquired 2,000 $BTC for $169M at an average cost of $84,422 per bitcoin, bringing total holdings to ₿29,462.
61.5% of capital raised came from SATA, with warrants generating $56.7M.
Today’s 8-K also highlights key metrics and KPIs through 3Q26.$ASST $SATA pic.twitter.com/HS4ADPQ8mJ
— Matt Cole (@ColeMacro) October 5, 2026
Those purchases matter as evidence that both companies are still directing capital toward Bitcoin. They do not guarantee that enough buyers will step in at $87,000 to absorb the sellers waiting there.
The immediate test is technical; the larger question is whether corporate buying can persist without adding financing and shareholder risks.
Why Does Bitcoin Keep Rejecting $87K Even Amid Continued Corporate Buying? $BTC is hovering around the $86,000 level.
Until Bitcoin breaks above $87,000, every upside rally will be capped. pic.twitter.com/Uh2B84nHCs
— Ted (@TedPillows) October 6, 2026
BTC USD hit resistance just above $87,000 on October 5 and traded around $86,000 on the morning of October 6. This level has capped rallies multiple times since September 23, indicating a significant resistance zone. Notably, Bitcoin has formed higher local lows, suggesting that buyers are stepping in, but it hasn’t generated enough momentum to break through the resistance.
FxPro analyst Alex Kuptsikevich noted that Bitcoin is nearing the apex of a triangle pattern, which could lead to increased volatility, although it doesn’t predict the direction of the breakout. Meanwhile, the overall crypto market dipped to approximately $2.93 trillion, just below a resistance level identified at $2.95 trillion.
While the Nasdaq 100 hit a record and the S&P 500 neared an all-time high, Bitcoin faced pressure as interest rates climbed slightly. Other major cryptocurrencies also struggled, with Ethereum, XRP, Solana, and Dogecoin falling 1-2%, while ADA gained 11%. The market reflects a mix of constructive short-term signals and ongoing resistance, so traders need confirmation through price action.
EXCLUSIVE: Trade Cardano and Earn $10 USDC Via Binance Sign-Up
Corporate BTC USD Buying is Real, but Here is Why Funding Matters
(SOURCE: CoinGecko)
Strategy and Strive recently acquired 2,334 BTC USD, signaling corporate demand but not necessarily indicating that market selling has ceased. Strategy’s purchase of 334 BTC brought its total to 848,000 BTC, funded by approximately $28.7M from Class A common stock sales. This financing model highlights that increasing Bitcoin holdings may dilute existing shareholders.
Strive’s purchase of 2,000 BTC raised its holdings from 27,462 to 29,462 BTC, reported at around $169M, primarily funded through its Variable Rate Series A Perpetual Preferred Stock (SATA). This structure prioritizes investor dividends and adds complexity to Strive’s Bitcoin strategy.
Additionally, Strive has a $500M facility for possible SATA repurchases, which could affect future financing costs. The different funding approaches affect dilution and cash reserves. Consequently, buying shares in a Bitcoin treasury company carries different risks than holding BTC directly, as share prices can be influenced by financing decisions and corporate structure.
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Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
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Bitcoin remained close to $86,000 on Monday after experiencing renewed buying activity in the spot market and a notable contraction in futures open interest over the past week. These developments are highlighted in Glassnode’s latest Market Pulse report, which covers the week ending October 4.
Derivatives market sees reduced activityFutures open interest for Bitcoin declined from $38.0 billion to $36.6 billion last week, which marks a $1.4 billion drop. Open interest represents the total value of active futures contracts and serves as an indicator of traders’ market exposure. The decrease signals a cooling in speculative positioning that had built up during Bitcoin’s price breakout two weeks prior.
Options open interest also fell following the quarterly expiry, further underscoring the reduction in derivatives market activity. Last Monday saw significant selling in perpetual futures leading to a price dip, but this pressure faded as the week progressed.
Not all participants retreated, however, as long-side funding payments in perpetual futures climbed from $926,400 to $1.5 million, indicating continued appetite for leveraged long positions.
Futures open interest dropped to $36.6 billion, returning to Glassnode’s statistical range but staying near its upper limit. Demand for bullish exposure in perpetual contracts increased, as seen in higher funding rates.
Spot trading activity showed increased buyer presence. The cumulative volume delta, which tracks the balance between buyer- and seller-initiated trades, swung from negative $102.8 million to positive $33.2 million. This signals that buyer-driven trades outpaced seller-driven ones during the week, even if it does not directly measure new capital inflows.
Exchange-traded fund (ETF) demand remained in positive territory, with net inflows for the week. Nevertheless, the magnitude of these inflows diminished compared to the surge seen previously, and ETF trading volumes hovered near the lower end of historical ranges.
On-chain metrics reflect active market environmentSeveral on-chain measures showed heightened Bitcoin network activity. Glassnode’s Hot Capital Share, which tracks the portion of capital that has recently moved, increased from 18.9% to 19.5%, suggesting active capital rotation.
The ratio of supply held by short-term holders compared to long-term holders climbed from 13.7% to 14.2%. In Glassnode’s methodology, coins held for less than 155 days are classified as short-term, while those held longer are long-term. Typically, short-term holders are more likely to sell during periods of volatility, affecting price dynamics.
Mini dictionary: Hot Capital Share, an on-chain indicator tracking the proportion of coins or capital that have recently moved, often used to measure investor activity and market sentiment shifts.
MetricPrevious ValueCurrent ValueFutures open interest$38.0 billion$36.6 billionSpot cumulative volume delta-$102.8 million+$33.2 millionHot Capital Share18.9%19.5%Short-term / Long-term holder ratio13.7%14.2%Network activity remained robust, as active addresses, fee levels, and transfer volume all exceeded their high bands. The monthly change in realized cap stayed well above average, reflecting consistent inflows of new capital into the market.
Profitability indicators stayed elevated as well. Nearly 75% of Bitcoin’s supply was in profit, according to Glassnode, and both unrealized gains and realized profit-taking among short-term holders were well above historical averages.
Active on-chain indicators, including the ETF MVRV ratio, showed the average ETF investor holds a substantial unrealized profit, while most Bitcoin supply remains in positive territory.
Bitcoin was last reported trading at $85,987, representing a 0.17% gain over 24 hours. Over the past week, the price has climbed 2.64%, and it is up 7.54% compared to 30 days earlier.
After El Salvador's Extended Fund Facility was evaluated for the second and third time, the executive board of the International Monetary Fund approved an immediate payment of about $138 million to the country on October 1.
The verdict released 101.96 million Special Drawing Rights (equal to approximately $137.93 million (using the IMF exchange rate of SDR 1 = $1.352830) under a 40-month plan, about a $1.4 billion scheme that was approved in February 2025.
Payment was accompanied by a waiver. El Salvador broke a continuous performance condition that limited the government sector's ability to voluntarily accumulate Bitcoin.
With its "strong corrective measures and renewed commitments," the IMF offered financial aid. But there are nuances to the reality.
The Donation Loophole
The Bitcoin reserve of El Salvador has grown substantially since the initiative began with the International Monetary Fund.
In February 2025, when the EFF was adopted, the country's Bitcoin holdings were between 5,968 and 6,070 BTC. That amount has increased by more than 1,700 BTC by the end of September 2026, reaching 7,760 to 7,792 BTC. Depending on the exact snapshot used, the current valuation of the reserve ranges from $598 million to $660 million.
Public sector voluntary Bitcoin accumulation is consistently limited to zero in the initial program documents. Assets seized by law enforcement were expressly not included in that definition; however, purchases and mining operations were plainly covered.
In its defense, El Salvador stresses that the new coins did not come from the government but rather from private donations. The claim was supported by the statement published by the IMF staff on September 3, which confirmed that no funds from the government were used.
"No further Bitcoin accumulation is envisaged beyond the documented donations," the board stated in October, adding a new restriction and formalizing the waiver already in place.
This is not meant to be taken as a recommendation in any way. It is a small adjustment in terms of technology.
The IMF has acknowledged the significant transparency gap caused by the categorization of donations.
But this issue of the categorization of the people who donate Bitcoin to a country's government has not been resolved.
These concerns have not been addressed, and the International Monetary Fund has shown its concern by requesting more information about Bitcoin assets held by the public sector.
The Chivo Retreat
Although the Bitcoin waiver is receiving a lot of attention, the real change is the gradual dismantling of El Salvador's cryptocurrency framework by the government.
With the introduction of Bitcoin as legal tender in 2021, the government digital wallet Chivo underwent a major privatization push.
According to the International Monetary Fund, a private operator is now in charge, with the government having a minority interest and the responsibility of safeguarding client assets.
"Residual public-sector exposure should be fully unwound," stated Dan Katz, the First Deputy Managing Director of the IMF, who voiced his acceptance of the transfer.
This is a change from the original plan.
At the time of its inception, Chivo was touted as the go-to platform for Bitcoin transactions in El Salvador.
At first glance, nothing was amiss.
The failure of Salvadorans to use Bitcoin for their everyday transactions was acknowledged by President Nayib Bukele in 2024.
Not only did regulatory demands contribute to the wallet's demise, but there was also a mismatch between the product and the market.
But the state's departure was accelerated by the structural requirements set by the IMF.
Separating state-sector stablecoin operations from private-sector ones, the government has stated categorically that it does not intend to develop or operate any stablecoin wallet.
Macroeconomic Foundation
There is a more basic reason why the IMF is willing to ignore the Bitcoin breach: El Salvador's macroeconomic performance has been strong enough to handle the variance.
In 2025, real GDP growth accelerated to 3.9% from 2.6% the previous year.
Due to factors such as falling remittance growth and the effect of rising oil costs on demand, Fitch Ratings predicts that growth would decelerate to 3% in 2026.
Nonetheless, there is hope for improvements due to private investment momentum and continuing public infrastructure projects.
This year, El Salvador's Central Reserve Bank expects growth to surpass the 2.5% average seen over the prior thirty years, with a range of 3% to 3.5%.
The effort to reduce government spending has advanced.
With a primary surplus of $706 million (1.9% of GDP) in 2025 - a significant improvement from a primary balance of 0% of GDP in 2024 - the non-financial public sector was able to meet the IMF target and show improvement.
In contrast to primary expenditure, which fell by 1.8 percentage points, revenue rose by 0.8 percentage points of GDP due to strong growth and improved tax collection.
From 4.6% in 2024 to 2.9% in 2025, the entire NFPS deficit fell short of the "B" median of 3.1% of GDP.
According to Fitch, the trend of consolidation is expected to persist and reach around 2.4% by 2026.
The national debt remains elevated.
The International Monetary Fund predicts that El Salvador's general government gross debt would surpass the median among "B" countries at 84.5% of GDP by 2026.
The National Flood Insurance Program's debt is expected to decrease from around 90.2% of GDP in 2025 to 87.4% of GDP by 2026 and even further to 85.2% in 2027, according to Fitch.
Interest payments made up 18.1% of revenue in 2025, which was much more than the median of 13.7% for "B" categories.
As pension bond grace periods expire in 2027, this number is projected to rise even further.
Deferred Reforms
The Bitcoin waiver solves a short-term problem, but it does nothing to address the long-overdue structural changes.
Reforming pensions is of paramount importance.
The actuarial assessment that was issued in December 2025 showed that from 2024 to 2070, there would be a system deficit of 59% of GDP in present value terms.
The private sector would contribute 45.4% of this deficit.
It is expected that the Solidarity Guaranty Account, which is in charge of providing minimum pensions, will reach its limit by the year 2029.
By February 10, 2026, the administration has promised to unveil a plan for reform.
There was no proposal before the Legislative Assembly on that date.
By the end of December 2025, the federal government owed pension fund managers a total of $11.24 billion.
Midway through 2026, lawmakers are expected to introduce civil service reform, which aims to simplify the public salary bill and reduce about 1.5% of GDP by 2027.
That was still being thought about in September 2026.
Aligning public sector compensation with qualifications and productivity while preventing needless expansion in employment is the goal of the approach, which is being supported technically by the World Bank.
The political ramifications of these changes are substantial.
With over 90% support and 54 of the 60 parliamentary seats under President Bukele's control, El Salvador is well-positioned for the 2027 election cycle.
Constitutional changes in 2025 extend presidential tenure to six years and make it possible to serve a third consecutive term.
There may be less opportunity for politically contentious changes this year due to the election cycle, according to Fitch.
Energy Wildcard
Energy prices are a short-term financial worry that the markets might not be giving enough attention to.
El Salvador imports a lot of energy, specifically petroleum products, which account for about 6.4% of its GDP. As of April 2026, the price of premium gasoline has risen 21% and surpassed $4 per gallon.
In 2022, the government enacted subsidies and temporary tax relief of 1.1% of GDP in response to a comparable spike in prices.
The government has not announced any plans for similar steps in 2026, but Fitch warns that continuing pressures on energy prices would force a reaction.
The fiscal momentum is starting to lose steam.
The primary surplus for the first quarter of 2026 was $185 million, falling short of the IMF projection of $300 million and 0.3% of GDP.
Although tax income growth remained stable at 9%, current spending increased at a faster rate, reaching 11.4%.
An additional payment equal to half of the monthly income for workers earning up to $1,500, known as "Quincena 25," is the main reason for this increase in spending.
Fitch predicts that in the second half of 2026, with elections approaching and the likelihood of a prolonged oil shock, compliance with IMF targets may become more difficult to achieve.
What the Waiver Actually Means
The IMF has made it clear that they do not support sovereign entities' stockpiling of Bitcoin through the Bitcoin waiver.
El Salvador's macroeconomic policy is usually moving in the predicted direction, and the Bitcoin incident was small enough to be considered inconsequential.
This modification takes both of those factors into consideration. There is still a lot of focus on the donation route.
The accumulation limits will be put back in place if private donors' future contributions to the reserve cannot be clearly identified.
Although it has not specified the verification procedure to be used, the IMF has stated that it will thoroughly investigate the sources of new coins.
According to Bukele, the waiver ensures that the Bitcoin brand remains politically significant, even when the government's engagement in cryptocurrencies becomes less viable.
Chivo was privatized and there was no plan for a digital currency that is backed by the government.
As seen on-chain, the reserve is still there, but it is no longer used as currency but rather as a symbol.
What this means for other countries thinking about using Bitcoin is anybody's guess.
When program-wide success is strong, the IMF has demonstrated flexibility about minor infractions.
Nevertheless, it has also resulted in structural compromises that reduce the role of the state in crypto infrastructure.
No precedent for sovereign entities to freely amass Bitcoin has been established by the waiver. For planned withdrawal, it is a major precedent-setter.
Hyperscale Data holds about 220 Bitcoin worth approximately $19 million, plus about $37.4 million in cash, as of October 4, 2026.
The company, listed on NYSE American under the ticker GPUS, now describes itself as an AI data center business.
The numbers behind the treasury The October 4 snapshot follows a more detailed update the company issued on September 29. As of September 27, 2026, Hyperscale Data held 219.0652 BTC. At a Bitcoin price of $84,458, that stack was worth roughly $18.5 million.
The same update put cash and restricted cash at approximately $37.5 million. Added together, the company’s Bitcoin and cash came to around $56 million.
That roughly $56 million total equaled about 153% of Hyperscale Data’s market capitalization, based on its closing stock price on September 28. Put plainly, the market was valuing the whole company at less than the Bitcoin and cash sitting in its accounts.
In early September, the company reported about 216.95 BTC, valued at about $16.7 million, alongside about $34.3 million in cash. So between early September and the end of the month, both the coin count and the cash pile ticked up modestly.
From mining rigs to AI racks Hyperscale Data is moving away from Bitcoin mining and concentrating on AI colocation and hosting services in Michigan.
Executive Chairman Milton “Todd” Ault III has emphasized the importance of the company’s Bitcoin holdings alongside its AI development. That framing treats Bitcoin as a long-term reserve asset rather than a byproduct of mining that gets sold to cover the power bill.
Many miners historically sold mined coins to pay operating costs. Hyperscale Data is exiting mining but keeping the Bitcoin it accumulated, which is closer to the corporate treasury approach than the miner playbook.
What this means for investors and the company Roughly a third of the September 27 total was in Bitcoin, which means a meaningful slice of the company’s liquidity moves with one of the more volatile assets in finance.
The September valuation used a Bitcoin price of $84,458, and the October 4 snapshot put the holdings at approximately $19 million. Any sharp swing in Bitcoin’s price would change that number quickly, in either direction.
Cash is the steadier half of the equation. At about $37.4 million as of October 4, it represents the larger share of the company’s liquid resources.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Gold is considered a safe bet for many households, while Bitcoin is seen as a risky, volatile asset that even Warren Buffett dislikes. However, Wall Street investor Cathie Wood feels the “turn is in” for the cryptocurrency now against the precious metal.
Bitcoin has outpaced gold since August, and ARK Invest Chief Executive Officer (CEO) Cathie Wood said that the move in the Bitcoin-to-gold ratio is a very nice turn. Speaking on the latest episode of the In the Know podcast last week, she said, “Ironically, Bitcoin's known as digital gold for its store of value characteristics.”
Bitcoin to hit $1.5 million by 2030?
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While most Wall Street forecasts estimate a comparatively timid outlook for the digital asset, Cathie Wood now sees Bitcoin skyrocketing through the roof to $1.5 million by 2030, hinting at a massive upside potential as Bitcoin currently trades at around $86,000.
The ARK Invest CEO disclosed in a 2022 podcast interview that she bought $100,000 worth of Bitcoin at around $250 per coin, after reading the Satoshi white paper. At the current price of around $86,000, her Bitcoin holding would be worth more than $34.4 million, implying a whopping 34,300% return on her investment.
Also Read | Bitcoin leads crypto market rebound above $85K as short liquidations accelerate
Wood has noted that the major catalyst for Bitcoin in the near future could be institutional adoption. Heading into 2027, Wood is now highlighting another potential catalyst for Bitcoin, which is artificial intelligence (AI), Motley Fool reported. In one scenario that Ark Invest has highlighted, AI agents could use Bitcoin to make online transactions.
At the same time, gold has been correcting sharply after a skyrocketing rally seen earlier this year, strengthening the case for Cathie Wood’s bullish call. However, investors should remember what another Wall Street experts and perhaps a legend, Warren Buffett, said about Bitcoin.
Why Warren Buffett hated Bitcoin
Back in May 2018, Bitcoin was trading at a humble $9,850 when Warren Buffett was asked for his views on the digital asset. While the level seems marginal when compared to today’s massive price, Bitcoin had seen its fair share of jump even till then. The currency had soared from $0 in 2010 to near $10,000 back then, with investors growing more and more curious about the digital asset following stellar returns.
Buffett however didn’t mince his words while expressing his distaste for Bitcoin. It is “probably rat poison squared”, he said while speaking to CNBC at Berkshire Hathaway’s 2018 annual shareholder meeting. Charlie Munger, Berkshire’s then vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is “just dementia.”
Also Read | Bitcoin skyrocketed 750% since Warren Buffett called it 'rat poison' in 2018. Why was he cautious?
In January of the same year, he said he can almost certainly see a bad ending to the cryptocurrency. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending. If I could buy a five-year put on every one of the cryptocurrencies, I would be glad to do it but I would never short a dime’s worth,” he said.
The legendary investor reiterated his bearish view on cryptocurrencies in 2021. During Berkshire Hathaway’s annual meeting, he avoided a question on Bitcoin as he didn’t want to get grief from everyone who is long bitcoin, relative to the few people who are short the digital asset.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Table of Contents The trip to Indianapolis that introduced me to Old Major Market started at Kaffeine Coffee Co. on Fulton Street. The coffee was tasty, but my real surprise was running into a local Bitcoiner who was also paying for his order in satoshis, making me feel like not such a rare breed in this fiat world.
The friend I made shared about a network of Indiana merchants the Indianapolis local Indy Bitcoin Group has been orange pilling.
First Up: Old Major Market LLC (Artisan Meats) A common complaint of merchant Bitcoin adoption is that the shop owners will liquidate 100% of their Bitcoin back into cash using payment processors like Square. This is true to start, but a fascinating shift occurs once a business owner reads about bitcoin. Old Major LLC, an artisan meat distributor based in Indianapolis, is a prime example of that shift.
The Big Ole Update!! According to owner Mark LaFay, Starting in 2026, Old Major Market made a major strategic decision: they are keeping 100% of the Bitcoin they receive directly on their balance sheet. They realized that holding bitcoin opens up significant long-term upside. Old Major ships their meats to all 48 lower states. Mark says the Maple bourbon bacon is very popular!
Big shout out to the Bitcoiners in Central Indiana that have been stopping by Old Major for over a year to buy bacon, sausages, and specialty meats with sats. While the shop originally agreed to accept Bitcoin and instantly converted every transaction to cash, the steady stream of Bitcoin payments caught their attention.
The “1% Orange Pill” Math When a dedicated community directs its routine spending toward supportive merchants, the business case for the owner becomes undeniable:
The Baseline: A local merchant generating $1 Million in annual revenue with a 10% profit margin brings home $100,000 in net profit. The 1% New Customer Shift: If local Bitcoiners represent just 1% of total sales, that’s $10,000 in annual Bitcoin transactions. If the owner sells the coins, regret creeps in, “what if I held the coins?”… The BTC Holding Strategy: Let’s assume the store instead decides to hold that Bitcoin in 2026, and BTC doubles in value this year. A 1% shift in customer payment preference increases the owner’s total annual up 20% at $120,000. That financial reality is the ultimate orange pill. A focused group of customers directing their commerce toward open-minded owners can move the needle for merchant adoption, whether the owner holds from day one or learns along the way that they are missing profit.
Notable Mentions: Local Indy Staples: Coffee & Wine Kaffeine Coffee Co. (Downtown Indy): Third Wave craft coffee meets native Bitcoin rails. Meeting fellow Bitcoiners at the counter proves how coffee hubs act as the natural gateway for real-world community building. The Rejoicing Vine (Northwest Indy): A mission-driven winery specializing in sparkling wines that doubles as the host spot for local “Lightning Socials”. Owner Brent Kumfer agreed to accept Bitcoin over a year ago through Square, enjoying zero processing fees and a steady stream of local Bitcoiner events. They are not yet holding bitcoin, but they are considering it. Have a Story or a Local Merchant Network to Feature? As always, a growing directory of verified Bitcoin-accepting merchants is listed below. If you want your business added to the map, or if you have a new city and story to feature in an upcoming column, write directly to [email protected] in the series “NOW ACCEPTING BITCOIN“.
APPENDIX – 200 Indiana Stores Accepting Bitcoin Arts & Entertainment LangLab (Arts Centre) — 1302 High St, South Bend AMC Castleton Square 14 (Cinema) — 6020 E 82nd St, Indianapolis AMC Washington Square 12 (Cinema) — 10280 E Washington St, Indianapolis AMC CLASSIC Bloomington 12 (Cinema) — 2929 W 3rd St, Bloomington AMC Perry Crossing 18 (Cinema) — 380 Cinema Blvd, Plainfield AMC Showplace Traders Point 12 (Cinema) — 5920 W 86th St, Indianapolis AMC Indianapolis 17 (Cinema) — 4325 S Meridian St, Indianapolis AMC CLASSIC Crawfordsville 8 (Cinema) — 205 Dry Branch Rd, Crawfordsville Fort Wayne Improv (Theatre) — 1314 E State Blvd, Fort Wayne Pine Acres Miniature Farm (Zoo) — 6801 Union Chapel Rd SE, Corydon Automotive & Repair 317 Auto Service — 499 Wall St, Greenwood Hobbs Automotive Diagnostics & Repair — 3594 SR 9, Anderson McIntire Auto Repair — 1927 S Curry Pike, Bloomington Salvadors Collision — 30841 Old US 33, Elkhart 2nd Chance Towing & Repair — 2252 Straight Line Pike, Richmond Bulls Tire Shop — 2233 E Washington St, Indianapolis Direct Tire — 1506 N Post Rd, Indianapolis Bars, Breweries & Wineries Westfield Wine Vault — 100 N Union St, Westfield Mad Hyena Bar and Grill — 1538 Indiana Ave, New Castle Fish Moon Brewing Company — 309 N Main St, Rushville The Health Club Taproom & Cafe — 6420 Cornell Ave, Indianapolis Books & Brews — 9402 Uptown Dr, Indianapolis Tollys Bar and Grill — 2341 Maple Ave, Terre Haute Easley Winery — 205 N College Ave, Indianapolis The Rejoicing Vine — 8440 W 82nd St, Indianapolis Beauty, Hair & Wellness Apothecary Salon & Spa — 2050 Burton Ln, Martinsville Allure Salon — 100 S 1st St, Zionsville Angel Barber Studio — 1990 Conner St, Noblesville B Beauty — 11717 E Washington St, Indianapolis Brow Ink — 5250 E US Hwy 36, Avon Bryans Barbershop — 224 N 12th St, Decatur Cutting Loose Salon — 3815 S Main St, Elkhart Exotic Nails — 1617 E Michigan Rd, Shelbyville Harmony Day Spa — 7654 N Bleck Rd, Trail Creek Indulge Beauty Salon — 3521 Lake Ave, Fort Wayne Lee’s Barber Lounge — 409 W Taylor St, Kokomo Lux Esthetics Lab — 1251 US-31 N, Greenwood Luxury Spa & Nails — 217 S Green River Rd, Evansville Marengo Barber Shop — 109 Main St, Marengo Mdg Salon — E 116th St, Carmel Midou Studio — 9935 E 42nd St, Indianapolis Modern Barbershop and Salon — 1641 N Lebanon St, Lebanon Naturally You — 6101 N Rural St, Indianapolis Sarah L Studio — 6251 Winthrop Ave, Indianapolis The Station Hair Parlor — 200 Byrd Way, Greenwood Wax that Cat — 3009 25th St & 3042 State St, Columbus Indy Holistic Massage — 1133 W Main St, Greenfield Sacred Roots Custom Massage — 26 W Broadway St, Shelbyville Cafes, Bakeries & Desserts Gramz Bakey and Cafe — 409 Washington St, Columbus Kaffeine Coffee — 707 Fulton St, Indianapolis Moar Tea — 448 Massachusetts Ave, Indianapolis Seoul Fresh — 49 W Maryland St, Indianapolis The Beach Hut — 100 W Moss Pkwy, Michigan City The Java Bean Cafe — 151 N 2nd St, Decatur Cosmic Cardinal Cafe — 101 W Ohio St, Indianapolis Capstone Cafe & Bookstore — 6620 Northview Way, Indianapolis Rocky Mountain Cafe — 209 Lincolnway, La Porte Wildflour Bakehouse — 1012 E County Rd 750 S, Nineveh Brown’s Shuga Shack — 6099 State Rd 16, Monticello Heartland Homemade Ice Cream — 4911 S Emerson Ave, Indianapolis Sugar + Ice — 103 S Randolph St, Garrett Sugarfield Creamery — 1051 E Tabor St, Indianapolis Contractors, Repair & Home Services 33 Electric — 7939 Dix Rd, Indianapolis AR Engineering (HVAC) — 3002 W Western Ave, South Bend Bravo Carpentry — 305 Railroad Ave, Wheeler DEG Electronic Repair Services — 3712 N Mitthoeffer Rd & 2818 Westlane Rd, Indianapolis Energy Efficient Replacements / 574-Sunroom — 51285 Bittersweet Rd, Granger KM Electronics — 8238 Madison Ave, Indianapolis NGR Electric — 4320 Calhoun St, Gary Roman Tech Computer Repair — 3611 E US Hwy 12, Michigan City TechBar — 4121 Cleveland St, Gary Groceries, Specialty Foods & Farms Old Major (Butcher) — 4201 Millersville Rd, Indianapolis The Wurst (Butcher) — 130 N Broad St, Griffith For You Brewing Supplies — 503 Honey Creek Dr, Terre Haute Hidden Acres (Farm) — 10645 W 425 S, Wilkinson K&B Liberty Farms — 2254 Nature Ln SE, Corydon Binford Farmers Market — 6620 Northview Way, Indianapolis Professional & Financial Services D M Property Management — 6446 Ralston Ave, Indianapolis Dennis Hartley & Son Monuments — 89 E Walnut St, Martinsville Great Lakes EV Charging — 51285 Bittersweet Rd, Granger Inguard Insurance — 231 W Canal St, Wabash Olive Tree Resources (NGO) — 110 E Market St, New Albany Overhauser Law Offices — 101 W Ohio St, Indianapolis & 18 E Main St, Greenfield Restaurants, Fast Food & Delis Amorè Fine Italian Ristorante — 730 Highlander Point Dr, Floyds Knobs Food King Chinese Restaurant — 1472 E 86th St, Indianapolis Full Circle Grill & BBQ — 110 W Berry St, Fort Wayne George’s Gyros Spot #2 — 1201 W 37th Ave, Hobart Grateful Grubs BBQ — 5654 IN-10, DeMotte Guadalupe’s Mexican Grill — 2031 South Bend Ave, South Bend Lonestar Bar B Que — 905 N Park Dr, Evansville Major Munch — 101 NW 1st St, Evansville Oscar’s Pizza — 515 N Buckeye St, Kokomo Panini Panini — 1720 Franklin St, Michigan City Rusted Silo Southern BBQ — 411 N State St, Lizton Social Que BBQ and Catering — 1701 Franklin St, Michigan City The Lincoln Kitchen — 704 Silhavy Rd, Valparaiso The Owlery Restaurant — 118 W 6th St, Bloomington Tlaolli — 2830 E Washington St, Indianapolis Tsunami Sushi & Korean Wings — 700 Sagamore Pkwy N, Lafayette Turkuaz Cafe — 301 E 3rd St, Bloomington Union Jack Pub — 921 Broad Ripple Ave, Indianapolis Uptown Cafe — 102 E Kirkwood Ave, Bloomington Griller’s Restaurant — 1240 119th St, Whiting Oh Mamma’s On The Avenue Deli — 1202 Mishawaka Ave, South Bend OyVey! Bakery & Deli — 901 Lafayette Ave, Terre Haute Cracklin Shack — 5058 S 800 W, Swayzee Hoosier Spice & BBQ Company — 11622 NE Executive Dr, Edinburgh Las Cubanitas — 53 Valparaiso St, Valparaiso Los Dos Amigos by Awiwi — 202 Carrie Ln, Columbus Steak ‘n Shake — 30+ locations statewide (Avon, Indianapolis, Fort Wayne, Lafayette, Bloomington, Elkhart, South Bend, Terre Haute, Greenwood, Valparaiso, Columbus, Clarksville, Seymour, Merrillville, Schererville, Muncie, Bedford, Lawrenceburg, Franklin, etc.) Steve’s Una Pizza — 1005 S Saint James Blvd, Evansville Union Jack Pub Food Truck — 924 Broad Ripple Ave, Indianapolis Retail, Apparel, Hobbies & Specialty Shops Above ALL Bowling Supply — Valparaiso & Hobart Blossom Floral Design — 615 N Michigan St, South Bend Geeked Out Games — 10830 Bennett Pkwy, Zionsville / Fishers Its Not Corn (Apparel) — 120 N Miller Ave, Marion Jayla’s Gifts, Plants, Flowers — 207 E Market St, Nappanee Jewelry Gallery — 17425 Carey Rd, Westfield Lake Effect Florals — 278 E 1500 N, Chesterton Mr. Kay’s Fashionable Shoes — 2218 Southlake Mall, Merrillville Nature’s Mercantile — 122 N Main St, Auburn Nick Nackery — 201 E Virginia St, Evansville Old-School Outpost (Games) — 3825 S East St, Indianapolis Prideland Comics & Collectibles — 5668 Crawfordsville Rd, Speedway Rock Bottom Resale — 11186 County Rd 34, Goshen Rock Daddy (Esoteric) — 418 E McGalliard Rd, Muncie Sewer Lair Toys — 3197 S 3rd Pl, Terre Haute Smoke Xpress (Tobacco) — Michigan City & Elkhart Svpplements — 316 W Cleveland Rd, Granger The Co Op Shop (Video Games) — 3540 State Rd 38 E, Lafayette Unique Creations by Joe — 1148 S 17th St, Kokomo Versed Skateboard Shop — 1006 Virginia Ave, Indianapolis War Room Tabletop Gaming — 10830 Bennett Pkwy, Zionsville 710 Lounge (Cannabis) — 3673 W 86th St, Indianapolis A Pooch Palace (Pet Grooming) — 3839 S Lafountain St, Kokomo First & Wilkerson Designs / Farmkidz Apparel — Fort Wayne & Lebanon Second-Hand & Thrift Stores DTF Sales — 51 N Main St, Cloverdale Millie’s Thrift Store — Lafayette (2 locations) & West Lafayette MoJo’s Thrift-N-Collectibles Store — 527 Cass St, Wabash Mood — 248 Spring St, Jeffersonville Tattoo & Piercing Studios A1 Art Tattoos — 4606 E Michigan St, Indianapolis Altered Image — 10030 E US Hwy 36, Avon Big Time Tattoos and Piercings — 5353 Madison Ave, Indianapolis Crown Point Tattoo — 114 W Hack Ct, Crown Point Evolution Tattoo — 2901 Mitchell Rd, Bedford La Familia Tattoo — 529 W Chicago Ave, East Chicago Resurrection Studios Tattoos & Piercing — 2200 Elmwood Ave, Lafayette Tracy Scott at Bankai Tattoo Collective — 421 7th St, Columbus
Vagabond
Vagabond is moving from town to town in search of businesses that accept bitcoin and telling their story. He writes a weekly column called "Now Accepting Bitcoin" for Bitcoin Magazine profiling the shops, cafes, and merchants putting sound money to work at the register.
TLDR On October 2, the SEC greenlit six triple-leveraged ETFs tracking Bitcoin, Ethereum, gold, silver, oil, and natural gas. The cryptocurrency products will gain exposure through regulated futures rather than direct coin holdings. Trading cannot commence until Volatility Shares receives effective S-1 registration statements. The issuer has not yet disclosed a launch timeline for the new products. Daily rebalancing means returns may diverge significantly from three times the longer-term asset movement. The United States Securities and Exchange Commission has approved the nation’s first triple-leveraged exchange-traded funds offering exposure to Bitcoin and Ethereum. The regulatory green light came on October 2, 2026, following a rule modification filed with Cboe BZX.
🚨JUST IN: The SEC just APPROVED a rule change allowing 3x leveraged ETFs tied to Bitcoin, Ethereum, gold, silver, crude oil and natural gas from Volatility Shares.
The funds would use regulated FUTURES rather than holding the underlying assets directly.
They are NOT trading… pic.twitter.com/SMiqRONgV4
— Coin Bureau (@coinbureau) October 5, 2026
The approval enables Volatility Shares to bring six new 3x leveraged products to market. These offerings will track Bitcoin, Ethereum, gold, silver, crude oil, and natural gas.
The Bitcoin-linked product is anticipated to list under ticker symbol BITH, while the Ethereum-tracking fund will likely trade as ETHK.
How the Funds Will Work Both cryptocurrency funds will avoid direct ownership of digital coins. Instead, they’ll employ regulated futures instruments, including CME-linked contracts, to deliver approximately three times the daily percentage change of Bitcoin or Ethereum.
If the futures benchmark rises 1% in a single day, the fund should gain roughly 3%, excluding fees and expenses. Conversely, a 1% decline would translate to approximately a 3% loss.
Each fund rebalances its leverage at the close of every trading session. This daily reset mechanism is a defining characteristic of leveraged exchange-traded products.
Due to this rebalancing structure, the products are engineered to deliver triple the daily return exclusively. They’re not intended to replicate three times the performance over weekly, monthly, or annual periods.
Volatility Shares currently operates BITX, a 2x Bitcoin fund. The firm brings existing expertise in managing leveraged cryptocurrency strategies to these newly approved offerings.
Waiting on Registration Before Trading Begins Despite the SEC’s rule change approval, these funds remain unavailable for trading. Volatility Shares must still obtain effectiveness on its Form S-1 registration documents.
No confirmed timeline exists for this final regulatory step. The issuer has not publicly announced when either fund will become available to investors.
Market observers have highlighted risks associated with the long-term performance characteristics of these instruments. Daily rebalancing can produce counterintuitive results: a cryptocurrency that rises and then falls by equal percentages may still generate outsized losses for the leveraged fund compared to the underlying asset.
As an illustration, if Bitcoin climbs 10% and subsequently drops 10%, Bitcoin itself would decline roughly 1%. A triple-leveraged fund tracking these movements could fall approximately 9% due to compounding effects from daily resets.
A single-day plunge of approximately 33% in the underlying futures contracts could theoretically eliminate the fund’s entire net asset value. This vulnerability explains why these instruments are typically marketed toward short-term traders who monitor positions actively.
Other asset managers have pursued similar triple-leveraged cryptocurrency products. GraniteShares filed for 3x XRP funds earlier in 2026 but encountered regulatory obstacles.
This approval represents one element of expanded regulatory engagement with digital asset products throughout the United States this year. The SEC has also published guidance addressing staking receipt tokens and various digital asset frameworks.
Regulators have been examining rules governing adviser custody of cryptocurrencies and tokenized securities offerings. Submissions from OKX and ICE concerning tokenized NYSE equity shares have progressed under an SEC innovation pilot program.
In parallel developments, the Treasury Department has reversed course on earlier proposals to regulate crypto mixing services. The SEC has also explored potential innovation exemptions for tokenized securities issuances.
Currently, both the 3x Bitcoin and 3x Ethereum funds remain inaccessible to retail and institutional investors. Trading will only commence once registration statements receive formal effectiveness declarations.
Citi has overtaken Goldman Sachs to become the top firm in global IPO underwriting through September. The move follows listings such as SpaceX, SK Hynix, and the National Stock Exchange of India (NSE), some of the biggest share sales in Asia and the US.
Citi Tops Global IPO Underwriting Rankings Through September Citigroup Inc. has claimed the top position in global IPO underwriting for the year through September, narrowly overtaking Goldman Sachs Group, Bloomberg reported on October 6. However, Goldman Sachs remained the top firm for equity offerings, a broader measure that also includes deals such as block trades and follow-on share sales.
The paradigm shift follows the bank’s roles in major share sales across Asia and the United States. Citi’s advance rests on three high-profile IPOs.
It worked on the National Stock Exchange of India’s $2.4 billion listing in September, one of the largest deals in the country’s history. It also served as lead global coordinator on SK Hynix’s $26.5 billion Nasdaq listing in July, the biggest U.S. share sale ever by a foreign company.
Citi also played a book-running role on SpaceX’s June offering, which raised about $86 billion and stands as the largest IPO on record. Some of the recent IPOs were fueled by demand for semiconductor capacity tied to artificial intelligence (AI) infrastructure.
While Goldman Sachs and Morgan Stanley were the two leading underwriters for SpaceX IPO, Citi’s participation still contributed meaningful volume. Citi thinks SpaceX stock could hit a $12 trillion valuation one day.
Team and Business Expansions Citigroup’s rise to the top of global IPO underwriting is also driven by aggressive talent recruitment and structural expansion in its equity capital markets (ECM) business.
The bank has hired many senior investment bankers globally. Last year, Citi hired Charlie Black from Goldman as head of North America technology ECM, and Bernal J. Vargas III from JPMorgan Chase & Co. as head of ECM in North America. It also named Rob Chan as head of ECM syndication in Asia.
Citigroup is also expanding into other areas, especially crypto and blockchain. Citi plans to launch digital asset custody later this year, starting with Bitcoin.
Also, Citi raised its Bitcoin target to $113,000 and its Ethereum target to $3,028 for the next 12 months. The bank expects about $5 billion in crypto inflows, supported by a gradual return of ETF and institutional demand.
Bitcoin Price hovered near $85,998 after a slight weekly gain, as gold weakened and oil fell below $88. Ethereum traded at $2,708, while XRP held above $1.50 in cautious trade.
Strategy acquired 334 BTC for $28.7 million, raising holdings to 848,000 coins.
The SEC also approved the first U.S. 3x leveraged Bitcoin and Ethereum exchange-traded funds. The decision gives traders new ways to seek magnified exposure to cryptocurrency market moves.
Oil Drops Below $88 as Gold and Silver Face Heavy Selling The commodity selloff deepened Monday as WTI crude slipped below $88 per barrel. Oil’s immediate support sits near $87.60, while a recovery above $88.20 could ease selling pressure.
BREAKING: Over $400 BILLION has been wiped out from gold and silver in just 90 minutes. https://t.co/GN0I7HcbaO
— Bull Theory (@BullTheoryio) October 6, 2026
Gold and silver also faced severe selling pressure in the same session. Gold tested $4,105, with $4,100 as support and $4,120 as the first upside barrier.
BREAKING: Over $400 BILLION has been wiped out from gold and silver in just 90 minutes. https://t.co/GN0I7HcbaO
— Bull Theory (@BullTheoryio) October 6, 2026
Silver hovered near $60.35, leaving $60.30 as support and $60.70 as resistance. More than $400 billion erased from both metals within 90 minutes. Traders will watch whether these levels hold as volatility persists. A break lower could signal another broad commodities retreat.
Bitcoin Price Targets $90k This Month as BTC Holds Above $85,000 The BTC price traded at $86,113 on Monday, gaining 0.67% on the four-hour timeframe.
The recovery has occurred after the recent consolidation was met with a steady defense of the $85K support level.
A clear break above $87k may indicate the break above the marked $90k resistance as per the full Bitcoin forecast report.
If $85,000 breaks down, the bullish sentiment would become weaker in the near term. It might push BTC towards the range of $82,500, which was recently supported.
Source: BTC/USDT 4-hour chart: TradingView The relative strength index was at 58, indicating strengthening momentum without overbought conditions.
The MACD line stood at 330.53, below the 351.98 signal line. Its histogram measured negative 21.44, showing the recent upward impulse has slowed.
On the downside, market participants will watch $85,000, $82,500, and $80,000 for reversal signals.
U.S. Bitcoin ETFs Record $89.9M Outflow as IBIT Draws Demand The U.S. spot Bitcoin ETF market recorded $89.90 million in net outflows on October 5. BlackRock’s IBIT attracted $69.85 million, but Fidelity’s FBTC lost $74.55 million. ARK 21Shares’
Source: BTC ETF ARKB also posted $85.21 million in withdrawals. The outflows came despite gains across most listed fund prices. Total trading value reached $2.18 billion. Combined assets stood at $110.77 billion, representing 6.43% of Bitcoin’s market capitalization. Cumulative net inflows still totaled $57.70 billion.
Circle has added Aave as a lending option inside its Bitcoin-backed borrowing service for Circle Mint clients, according to The Defiant. The move extends a product that has so far run on Morpho alone.
How the service works Circle formally launched the product, called Digital Asset-Backed Borrowing (DABB), on September 21, 2026. It targets eligible institutional clients who want liquidity but don’t want to part with their Bitcoin.
The mechanics run in three steps. A client deposits native Bitcoin with Circle, which mints a token called cirBTC on a 1:1 basis. Each cirBTC is backed by Bitcoin held in reserve at Circle National Trust.
That token then serves as collateral in third-party on-chain lending markets. Against it, the client borrows USDC, Circle’s dollar stablecoin.
Circle is not the lender in this arrangement. Borrowing rates and available liquidity are set by the third-party protocols. Positions sit in smart wallets that customers control, and those positions follow each protocol’s own liquidation procedures.
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The service is not available to everyone. Customers based in New York are excluded, which limits the pool to institutions eligible under Circle Mint LLC.
From Morpho-only to a second venue DABB debuted with Morpho on Arc, Circle’s EVM-compatible Layer 1 blockchain. The product’s launch landed alongside the early operational rollout of Arc itself.
Aave was part of the plan from the start, but it wasn’t ready on day one. As of early October 2026, the Aave integration was still not functional. Its arrival now gives Mint clients a second place to post cirBTC and borrow USDC.
The early numbers Morpho’s cirBTC market gives a sense of initial appetite. Shortly after launch, market data showed nearly $18.86 million borrowed against a liquidity pool of $157.85 million.
The market set its liquidation loan-to-value threshold at 86%. Once a loan reaches 86% of the value of the Bitcoin backing it, the position becomes eligible for liquidation.
By October 2, 2026, Morpho deposits on Arc had surpassed $500 million. The cirBTC/USDC borrowing market accounted for a large majority of Morpho’s early activity on the chain.
What this means Adding Aave matters for competition between lending protocols. Morpho had the cirBTC market to itself, and that market drove most of its early Arc activity. A second venue means borrowers and lenders can now split between two protocols.
Circle is effectively the custodian and token issuer, while the lending outcomes depend on code and rules it does not control. An 86% liquidation threshold on Morpho leaves limited room in a sharp drawdown, and borrowers using Aave will need to learn that protocol’s parameters separately.
The New York exclusion caps the near-term reach, as some of the largest US financial institutions are based there and cannot use the service in its current form.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
On October 5, US spot crypto ETFs did something slightly awkward. Bitcoin and Solana funds posted net outflows. Ethereum funds posted net inflows.
XRP products, meanwhile, recorded no net flow at all.
The single-day snapshot is notable because it runs almost exactly opposite to the weekly picture. In the broader data, Bitcoin had been the clear favorite and Ethereum the one getting left on read.
The daily flip versus the weekly trend Start with the daily numbers. Bitcoin and Solana spot ETFs both ended October 5 with more money leaving than arriving.
Ethereum ETFs went the other way, pulling in net new capital. XRP funds broke even, with zero net flow for the day.
Now zoom out. Data from SoSoValue, reported on October 5, showed US spot Bitcoin ETFs collected $241.09 million in weekly net inflows for the week ending in early October.
That marked the third straight positive week for Bitcoin funds. It also lifted cumulative inflows since the products launched in 2024 to around $57.8 billion.
Ethereum’s weekly picture looked far less cheerful. Spot Ethereum ETFs shed $138.02 million in net outflows over the same period.
That reversed the prior week, when Ethereum funds had taken in $690 million. The swing brought Ethereum ETF inflows for the year down to approximately $1.5 billion.
The smaller players: Solana, XRP and Zcash According to the SoSoValue data, Solana spot ETFs gained around $2.43 million in weekly net inflows. XRP spot ETFs brought in $4.74 million for the week. Both figures extended existing inflow streaks for those products.
That context makes the October 5 Solana outflow more interesting. A fund on an inflow run posted a red day, even as its weekly tally stayed positive.
Then there is Zcash. Zcash ETFs recorded their first weekly outflow, totaling approximately $94 million, per the research covering late September through early October.
The backdrop: Bitcoin’s pull on capital Bitcoin was trading near $85,000 to $86,000 during the period covered by the data.
The research framed the recent weekly pattern as a shift in investor sentiment, with capital appearing to favor Bitcoin over Ethereum as Bitcoin’s market dominance continued to build.
Spot Bitcoin ETFs have now accumulated around $57.8 billion in net inflows since their 2024 debut. Ethereum’s year-to-date total of approximately $1.5 billion is a much smaller figure by comparison.
What this means for investors The weekly trend, per SoSoValue, still favored Bitcoin. Three consecutive weeks of inflows suggests steady demand rather than a sudden spike.
The research flagged that Ethereum’s outflows could raise concerns about its market position as it competes with Bitcoin for investor attention. If Ethereum funds string together several positive days, the weekly narrative could change quickly, much as the $690 million prior week showed demand can return fast.
For altcoin products more broadly, Solana and XRP kept their weekly inflow streaks, while Zcash posted its first outflow of approximately $94 million.
The research warned that continued rotation toward Bitcoin and other established assets could bring more volatility to the broader crypto market in the near term.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
The Chairman of the CFTC cited Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), Tezos (XTZ), and XRP as examples of digital commodities.
Mike Selig, Chairman of the US Commodity Futures Commission (CFTC), cited Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), Tezos (XTZ), and XRP as examples of “digital commodities.” The announcement comes as the CFTC begins drafting its first formal rules for the cryptocurrency market.
According to Wu Blockchain, Selig, while explaining the crypto asset classification jointly developed by the CFTC and the U.S. Securities and Exchange Commission (SEC), presented these six crypto assets as examples of digital commodity categories.
Selig’s remarks are noteworthy in the context of efforts to create a more detailed framework for the regulatory status of crypto assets in the US. The CFTC Chair stated that the institution plans to differentiate between various activities and asset types, rather than classifying the entire crypto market under a single category.
In this context, the CFTC is expected to develop more specific rules for areas such as digital commodities, retail crypto transactions, and physical delivery conducted on the blockchain.
Selig also stated that wallets that do not offer custody services and software developers should be treated separately within the regulatory framework. The aim is to differentiate between organizations that directly hold assets or provide trading services and those that only develop software.
The CFTC’s approach is based on classifying different activities within the crypto ecosystem according to their function, rather than subjecting them to the same regulatory standards.
Selig’s inclusion of BTC, ETH, SOL, XLM, XTZ, and XRP as examples of digital commodities also stands out as a key element of the more detailed crypto asset classification that the institution is preparing.
*This is not investment advice.
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October’s strongest established crypto candidates have liquid markets, active developer communities and events that can be checked against public records. Bitcoin, Ethereum, Solana, BNB and XRP each meet the longevity test, but their October cases depend on different things. A scheduled testnet, an ecosystem conference or a validator vote can change expectations without creating token demand by itself.
Summary
Bitcoin remains the largest cryptoasset, with an October 5 closing price near $85,771 on CoinGecko. Ethereum’s Glamsterdam upgrade is targeted for the fourth quarter, with a Sepolia test scheduled for October 6 and no confirmed mainnet date. Solana has four Accelerate China events between October 16 and 22, while its faster finality upgrade still needs production evidence. BNB Chain targets a late October Jenner testnet, with its mainnet upgrade planned for late November. XRP Ledger’s Batch amendment is nearing an October decision, subject to validator support and the outcome of a security fix. The word “best” in a market headline needs a test. For this selection, a coin must have an established trading history, a substantial and observable community, a usable network or clear monetary role, and a dated development or demand question for October. These criteria do not rank expected returns. Market capitalization can make an asset easier to trade, but it also means a major price move requires much more capital than a small token does.
The list was selected on October 6. CoinGecko’s bitcoin history records an October 5 close of $85,771, while its global market dashboard offers a changing snapshot across all assets. Prices and market capitalizations should be checked at publication. A catalyst is an event to investigate, not a promise that a token will appreciate on the event date.
How were the five candidates chosen? Bitcoin has operated since 2009, Ethereum since 2015, XRP Ledger since 2012, BNB Chain since 2020 and Solana since 2020. Their histories include periods of heavy volatility and operational disputes. Longevity alone is not a safety certificate, but it gives readers more evidence than a newly created token’s few trading sessions. Public code, onchain records, developer documentation and long running communities make a claim about adoption easier to test.
The selection spans distinct sources of value. BTC is a scarce monetary asset. ETH is used to pay for Ethereum execution and secure its proof of stake network. SOL is the native asset of a high throughput chain. BNB pays network fees and participates in its ecosystem. XRP is used for XRP Ledger fees and can serve as a bridge asset, though a tokenized transaction on XRPL does not necessarily buy XRP as a payment asset. Putting all five in a single “October event trade” would hide these differences.
The calendar matters too. The BLS release schedule places September CPI on October 14. The Fed’s October calendar places the policy meeting on October 27 and 28. A network milestone can arrive on schedule yet be outweighed by yields, ETF flows or a fall in the wider risk market. We therefore look for independent confirmation in actual usage and trading rather than assigning a price target to the event.
Bitcoin: Large and liquid, but without a protocol launch Bitcoin’s October case rests on cash demand and its longest running monetary policy. The Bitcoin supply schedule caps issuance at 21 million BTC and estimates the next halving in 2028. October 2026 has no scheduled halving. A “halving catalyst this month” would be an incorrect reason to include BTC. The near term events are the inflation releases, Fed decision and the completion of weekly fund flow reports.
U.S. spot bitcoin exchange traded funds took in about $2.39 billion during the week ending September 25, according to Farside’s fund table. A crypto.news account of that week documents the concentration of inflows early in the period. Fund creations are observable institutional access, but investors can sell bitcoin into the same demand. One positive week does not establish an October trend, and a rising fund asset value can reflect bitcoin’s price instead of new subscriptions.
Bitcoin’s established network and market depth make it the clearest benchmark for the other four. Its risk is the same scale that makes it familiar: a move from roughly $85,000 back toward the prior high above $126,000 would require substantial sustained buying. The relevant October test is whether complete weekly ETF rows, cash market activity and price hold together after CPI and the Fed meeting. A negative spot demand estimate or repeated redemptions would undermine the immediate bull case even if a conference fills a calendar elsewhere.
Ethereum: Glamsterdam moves through a public test Ethereum’s official roadmap targets Glamsterdam for the fourth quarter but says its mainnet date is unconfirmed. The changes include enshrined proposer builder separation and block level access lists, both designed to address block production and execution efficiency. Public testing can reveal problems as well as progress. An October 6 Sepolia activation is a testnet milestone, and it should never be presented as the mainnet upgrade itself.
The protocol has an unusually broad developer and application base, but that does not make the token immune to demand shocks. A block execution improvement may raise capacity while reducing the amount users pay for a given activity. Lower costs can attract usage; whether they produce net ETH demand depends on transaction volume, fee burn, staking and the rest of the market. A crypto.news account of the Sepolia test sets out what remains before production activation.
Readers should check the test outcome, client readiness and whether a mainnet schedule is formally agreed. Ethereum’s event calendar lists October gatherings and November’s Devcon in India, but a conference is a venue for announcements, not a protocol upgrade. Ether remains an October candidate because it has actual network use and a verifiable engineering path. The risk is that testing slips, technical issues appear or the market has priced in the proposed benefits long before activation.
Solana: Four October events and a harder engineering test The Solana Foundation’s Accelerate calendar lists Shanghai on October 16, Hangzhou on October 18, Shenzhen on October 20 and Beijing on October 22. The series gives developers and financial firms a near term forum for product announcements. None of those dates obliges an institution to launch an application or purchase SOL. A useful post event check is a public deployment, fee paying usage or committed liquidity, with a date and entity attached.
Solana’s more consequential engineering promise is Alpenglow, a change designed to reduce finality from roughly 12.8 seconds toward about 150 milliseconds. A public developer network and validator work are tests of that proposition. An earlier crypto.news examination of finality frames the question for operators. The credible price case depends on a production rollout that maintains safety, not a demonstration in which only ideal conditions are shown.
Solana has a large consumer and trading community, a deep application ecosystem and products that give traditional investors exposure. Its vulnerabilities include congestion, concentration of activity in speculative tokens and the gap between theoretical throughput and user experience when load rises. A recent crypto.news look at the October setup notes the difference between an upgrade narrative and actual ETF demand. Follow validator participation, network failures and durable fees after each launch announcement.
BNB: Jenner has a testnet window, not a mainnet event BNB Chain’s announcement places the Jenner testnet fork in late October and the mainnet fork in late November, with exact times and release versions yet to be announced. The October claim is therefore narrow. Successful testnet activation would move the engineering process forward; it would not mean Jenner was already live for all BSC users.
The 2026 technical roadmap describes work on execution performance, lower fees, storage and developer tools. BNB’s role in fees means usage can connect to token demand, but fee reductions may mean each transaction consumes less BNB. Growth in transaction count should be weighed against fee revenue and token supply, not treated as a one for one price driver. The network’s exchange linked ecosystem brings distribution, and that same connection creates concentration and regulatory exposure.
BNB has an older and larger application base than a newly launched layer 1. That is why it belongs in an established coin feature. The October watch is whether the published Jenner binaries, test results and final mainnet timing match the announced window. If the fork slips or its benefits are small under real load, the testnet headline provides little independent reason for BNB to outperform.
XRP: Validator approval is a condition, not a launch promise The RippleX roadmap covers changes to XRPL’s transaction and token features. Batch aims to combine dependent actions, a potentially useful tool for atomic settlement. A security fix and validator vote make timing contingent. An earlier crypto.news feature on Batch separates the capability from the work a financial institution still has to do around issuance, custody and legal claims.
The XRP Ledger amendment documentation explains that amendments need sustained validator support before activation. Readers should verify the specific Batch amendment’s vote, the version running on validators and any published bug fix. A tentative activation date is conditional, and a release number is not proof that institutions are using the feature in production.
XRP has a long lived holder base and a network that processes payments and token transactions. A rise in institutional activity on XRPL need not produce a proportionate rise in XRP demand: issuers can represent other assets, while XRP fees per transaction are small. The price case strengthens if real applications settle repeatedly, liquidity deepens and XRP is used for more than mandatory fees. If the amendment fails its approval test, the October event thesis needs to be updated rather than rolled forward without explanation.
Which October catalyst is most concrete? Ethereum’s Sepolia activation has a specific public test date. Solana’s four conferences have specific venues and dates, but no guaranteed protocol change. BNB’s Jenner announcement has a late month testnet window and an explicitly later mainnet target. XRPL Batch has a validator process whose outcome depends on support and the security fix. Bitcoin’s macro and fund flow tests have a published reporting calendar but no engineering launch. These are different degrees of certainty.
The ordering does not predict relative returns. A testnet can activate and ETH fall; bitcoin can rise on cash inflows with no new upgrade; SOL can rally before its events and reverse afterward. A large community helps distribute information and applications, but social reach cannot replace users, fee payments or flows. For each candidate, compare the price before and after the event with BTC and the global crypto market, then inspect the associated onchain or fund measure.
The five names overlap with many broad market products. A portfolio of them is not five independent bets when macro liquidity drives all five simultaneously. XRP, BNB and SOL carry distinct technology and governance risks on top of general crypto volatility. Readers should not infer an allocation or a ranked recommendation from the order of this feature.
What to watch Bitcoin: Complete weekly spot ETF creations and redemptions after CPI, alongside spot demand and yields.
Ethereum: Sepolia results on October 6, subsequent client releases and any confirmed Glamsterdam mainnet schedule.
Solana: Verifiable applications from the October 16 to 22 events and validator evidence from Alpenglow testing.
BNB: Jenner testnet release and activation notice, with mainnet still targeted for November.
XRP: The specific Batch amendment vote, the security fix and later production usage by identifiable issuers.
FAQ What is the best established crypto to buy in October 2026? No one asset is best for every buyer. Bitcoin has the deepest monetary track record; the other four have different network use and October milestones. The article identifies questions to test, not a universal purchase recommendation.
Why include Bitcoin without an October network upgrade? Its potential October catalyst is changing cash demand around published macro events and weekly ETF flows. The next halving is estimated for 2028.
Is Glamsterdam launching on Ethereum mainnet on October 6? No. October 6 is a Sepolia testnet milestone. Ethereum’s roadmap targets mainnet in the fourth quarter without a confirmed date.
Will a Solana conference make SOL rise? No event guarantees a price move. Public deployments, use and fees after an announcement provide a better test than attendance alone.
Is BNB Chain’s Jenner upgrade happening in October? The late October window is for testnet. The announced mainnet target is late November and exact fork details remain subject to publication.
Does XRPL Batch require investors to buy XRP? The network requires XRP for fees, but the assets moved in a batch can be other tokens. Additional business use does not automatically translate into a large XRP purchase.
Are these five coins safer than small new tokens? Their longer history and liquidity provide more information, but all can lose value sharply. Operational, regulatory and market risks differ by coin.
When should the October case be reassessed? Recheck the dated event status, full fund flow rows and actual network usage after the relevant October release. An unconfirmed or delayed milestone changes the premise.
Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Figures reflect regulatory filings and reporting available at the time of writing and change with each disclosure. Nothing here is a recommendation to buy, sell, or hold any security or asset. Always do your own research. Information is accurate as of October 6, 2026.
