Jevgrep Reduces Coding Agents' Need to Search for Code Independently: SWE-bench Main Model Costs Drop by 29%
Beating AI Insight News Brief: Developer David has open-sourced Jevgrep, a research tool built on Jev specifically for coding agents to locate code. Users only need to ask a question like "Where is the login validation implemented?" and it uses TypeSafe’s Jev decision model to search the codebase layer by layer, identifying relevant files and source code snippets before passing them to agents such as Claude Code and Codex for further modification and testing. It primarily addresses the token-intensive "code lookup" step that coding agents face. Jevgrep does not feed the entire repository to the model upfront, nor does it rely solely on a single semantic search. It first determines which directories are worth exploring further, then checks relevant files and code declarations, and finally returns source code snippets, line numbers, and follow-up reading references. The repository also includes a "Skill" that enables agents to know when to call `jg` to gather context. The latest SWE-bench experiment used 10 Python tasks. Both with and without Jevgrep, 8 tasks were completed, but the total cost for GPT-5.6 Sol dropped from $7.62 to $5.44, a reduction of 28.63%. The author initially stated a 40% reduction on X, but later updated the experiment results in the repository, revising it to "around 30%". However, this figure only accounts for Sol’s costs and does not include Jev’s expenses. The confirmed Jev call costs in the experiment logs amount to at least $1.57, while some calls lack complete billing records, so the actual total is unknown. Additionally, the experiment only included 10 tasks, with each run only once.
6 minutes ago
Wintermute holds approximately $93 million in short positions and roughly $5.12 million in long positions on Hyperliquid.
According to TradingBeats' monitoring, crypto market maker Wintermute currently holds approximately $93 million in short positions and around $5.12 million in long positions on Hyperliquid. The position breakdown is as follows: ETH short positions worth ~$47.19 million, with an unrealized profit of ~$490,000, entry price of $2,682.86, and liquidation price of $5,398.49; SOL short positions ~$11.39 million, unrealized profit ~$100,000, entry price $119.64, liquidation price $623.73; HYPE short positions ~$10.04 million, unrealized profit ~$240,000, entry price $92.02, liquidation price $498.65; DOGE short positions ~$7.25 million, unrealized profit ~$190,000, entry price $0.10, liquidation price $0.68; XRP short positions ~$6.02 million, unrealized profit ~$150,000, entry price $1.53, liquidation price $13.43; BTC long positions ~$5.12 million, entry price $82,888.30; PUMP short positions ~$5.03 million, unrealized loss ~$400,000, liquidation price $0.05; ENA short positions ~$3.08 million, unrealized loss ~$230,000, entry price $0.24, liquidation price $4.17; SUI short positions ~$2.65 million, unrealized profit ~$10,000, entry price $1.18, liquidation price $21.61.
6 minutes ago
Opinion: The practicality of liquidation heatmaps is vastly overestimated, and they should not play a major role in trading systems.
Benson Sun, founder of Coinkarma, says the practical value of liquidation heatmaps is vastly overestimated. Many traders now spot a large cluster of liquidations at a certain price level and immediately interpret it as "the price will definitely go to sweep this area". However, liquidation charts themselves rely heavily on assumptions. Most liquidation heatmaps work by taking historical market trading data and plugging in a set of hypothetical leverage multiples—such as 5x, 10x, 20x, 30x, and 50x—to reverse-engineer the price levels where those positions "might" be liquidated after trading. As a result, the dense liquidation zones users see do not actually represent an identical number of positions waiting to be liquidated there; too many variables are at play. Those traders may have already exited their positions. Some may add to their positions, some may reduce them, and others may top up margin. As long as position size, margin, or average cost changes, the liquidation heatmap shifts. The longer the time frame, the larger this error becomes. Therefore, the most useful window for liquidation heatmaps is roughly the last 24 hours to 3 days. Using liquidation clusters from 7 days, 30 days, or even months ago as current "magnet price levels" is meaningless. Liquidation heatmaps can serve as auxiliary information for short-term market structure analysis, but they should not play a major role in a trading system, as they easily create a false sense of certainty. There will always be liquidation clusters above and below the price. When prices rise, it is said they will first sweep the short positions above; when prices fall, it is said they will first sweep the long positions below; if prices fall first then rise, it is said they will first sweep longs then shorts. In any case, there is an after-the-fact explanation, and it is hard to falsify beforehand—this makes it not an analytical tool, but pure pseudoscience.
6 minutes ago
The yield on the 10-year U.S. Treasury note climbed to 5.234%, marking its highest level since mid-2007.
According to market data from BIT (bit.com), the U.S. 10-year Treasury yield has risen to 5.234%, hitting its highest level since mid-2007. The 30-year Treasury yield climbed to 5.542%, the highest since 2004. This indicates a significant rise in the market’s pricing of long-term risk, with growing concerns over persistent inflation, the Federal Reserve’s maintenance of high interest rates, as well as massive fiscal deficits and debt sustainability. Long-term borrowing costs for governments, corporations and consumers have been pushed up, which typically suppresses stock market valuations, tightens global financial conditions, and may curb economic growth to some extent. For more analysis, see the article "U.S. Long and Short-Term Treasury Yield Curves Nearing Inversion: Is a Recession Precursor Signal Activated?"
6 minutes ago
OKX's Flash Earn Lite adds Tether USDT; subscribe to ETH to share the 400,000 USDT reward pool.
Official announcement: OKX Flash Earn Lite will launch a Tether USDT "Stake-to-Earn" campaign from 15:00 UTC+8 on September 29, 2026 to 15:00 UTC+8 on October 4, 2026. During the event, users who subscribe ETH will be eligible to split a total of 400,000 USDT in airdrop rewards, with a minimum subscription threshold of 0.01 ETH. Pre-subscriptions will open at 15:00 UTC+8 on September 28. Users will earn simple interest during the pre-subscription period, while USDT airdrop rewards will be calculated from the official start of the event. Rewards are accrued hourly, and users can redeem their funds at any time; any ETH not actively redeemed after the event concludes will automatically continue to be subscribed to OKX's simple earning products.
6 minutes ago
Kimi K3.1 is reportedly in the backend deployment stage: Kimi-K3-1 has passed call tests, bringing it one step closer to its official release.
News flash from Dongcha Beating AI: AI model evaluation account Lumina said it discovered 'kimi-k3-1' in an official product model list from Kimi. Lumina subsequently tested each model individually; all other invalid models returned errors, while kimi-k3-1 was recognized by the backend and accepted requests.
Jevgrep Reduces Coding Agents' Need to Search for Code Independently: SWE-bench Main Model Costs Drop by 29%
Beating AI Insight News Brief: Developer David has open-sourced Jevgrep, a research tool built on Jev specifically for coding agents to locate code. Users only need to ask a question like "Where is the login validation implemented?" and it uses TypeSafe’s Jev decision model to search the codebase layer by layer, identifying relevant files and source code snippets before passing them to agents such as Claude Code and Codex for further modification and testing. It primarily addresses the token-intensive "code lookup" step that coding agents face. Jevgrep does not feed the entire repository to the model upfront, nor does it rely solely on a single semantic search. It first determines which directories are worth exploring further, then checks relevant files and code declarations, and finally returns source code snippets, line numbers, and follow-up reading references. The repository also includes a "Skill" that enables agents to know when to call `jg` to gather context. The latest SWE-bench experiment used 10 Python tasks. Both with and without Jevgrep, 8 tasks were completed, but the total cost for GPT-5.6 Sol dropped from $7.62 to $5.44, a reduction of 28.63%. The author initially stated a 40% reduction on X, but later updated the experiment results in the repository, revising it to "around 30%". However, this figure only accounts for Sol’s costs and does not include Jev’s expenses. The confirmed Jev call costs in the experiment logs amount to at least $1.57, while some calls lack complete billing records, so the actual total is unknown. Additionally, the experiment only included 10 tasks, with each run only once.
6 minutes ago
Wintermute holds approximately $93 million in short positions and roughly $5.12 million in long positions on Hyperliquid.
According to TradingBeats' monitoring, crypto market maker Wintermute currently holds approximately $93 million in short positions and around $5.12 million in long positions on Hyperliquid. The position breakdown is as follows: ETH short positions worth ~$47.19 million, with an unrealized profit of ~$490,000, entry price of $2,682.86, and liquidation price of $5,398.49; SOL short positions ~$11.39 million, unrealized profit ~$100,000, entry price $119.64, liquidation price $623.73; HYPE short positions ~$10.04 million, unrealized profit ~$240,000, entry price $92.02, liquidation price $498.65; DOGE short positions ~$7.25 million, unrealized profit ~$190,000, entry price $0.10, liquidation price $0.68; XRP short positions ~$6.02 million, unrealized profit ~$150,000, entry price $1.53, liquidation price $13.43; BTC long positions ~$5.12 million, entry price $82,888.30; PUMP short positions ~$5.03 million, unrealized loss ~$400,000, liquidation price $0.05; ENA short positions ~$3.08 million, unrealized loss ~$230,000, entry price $0.24, liquidation price $4.17; SUI short positions ~$2.65 million, unrealized profit ~$10,000, entry price $1.18, liquidation price $21.61.
6 minutes ago
Opinion: The practicality of liquidation heatmaps is vastly overestimated, and they should not play a major role in trading systems.
Benson Sun, founder of Coinkarma, says the practical value of liquidation heatmaps is vastly overestimated. Many traders now spot a large cluster of liquidations at a certain price level and immediately interpret it as "the price will definitely go to sweep this area". However, liquidation charts themselves rely heavily on assumptions. Most liquidation heatmaps work by taking historical market trading data and plugging in a set of hypothetical leverage multiples—such as 5x, 10x, 20x, 30x, and 50x—to reverse-engineer the price levels where those positions "might" be liquidated after trading. As a result, the dense liquidation zones users see do not actually represent an identical number of positions waiting to be liquidated there; too many variables are at play. Those traders may have already exited their positions. Some may add to their positions, some may reduce them, and others may top up margin. As long as position size, margin, or average cost changes, the liquidation heatmap shifts. The longer the time frame, the larger this error becomes. Therefore, the most useful window for liquidation heatmaps is roughly the last 24 hours to 3 days. Using liquidation clusters from 7 days, 30 days, or even months ago as current "magnet price levels" is meaningless. Liquidation heatmaps can serve as auxiliary information for short-term market structure analysis, but they should not play a major role in a trading system, as they easily create a false sense of certainty. There will always be liquidation clusters above and below the price. When prices rise, it is said they will first sweep the short positions above; when prices fall, it is said they will first sweep the long positions below; if prices fall first then rise, it is said they will first sweep longs then shorts. In any case, there is an after-the-fact explanation, and it is hard to falsify beforehand—this makes it not an analytical tool, but pure pseudoscience.
6 minutes ago
The yield on the 10-year U.S. Treasury note climbed to 5.234%, marking its highest level since mid-2007.
According to market data from BIT (bit.com), the U.S. 10-year Treasury yield has risen to 5.234%, hitting its highest level since mid-2007. The 30-year Treasury yield climbed to 5.542%, the highest since 2004. This indicates a significant rise in the market’s pricing of long-term risk, with growing concerns over persistent inflation, the Federal Reserve’s maintenance of high interest rates, as well as massive fiscal deficits and debt sustainability. Long-term borrowing costs for governments, corporations and consumers have been pushed up, which typically suppresses stock market valuations, tightens global financial conditions, and may curb economic growth to some extent. For more analysis, see the article "U.S. Long and Short-Term Treasury Yield Curves Nearing Inversion: Is a Recession Precursor Signal Activated?"
6 minutes ago
OKX's Flash Earn Lite adds Tether USDT; subscribe to ETH to share the 400,000 USDT reward pool.
Official announcement: OKX Flash Earn Lite will launch a Tether USDT "Stake-to-Earn" campaign from 15:00 UTC+8 on September 29, 2026 to 15:00 UTC+8 on October 4, 2026. During the event, users who subscribe ETH will be eligible to split a total of 400,000 USDT in airdrop rewards, with a minimum subscription threshold of 0.01 ETH. Pre-subscriptions will open at 15:00 UTC+8 on September 28. Users will earn simple interest during the pre-subscription period, while USDT airdrop rewards will be calculated from the official start of the event. Rewards are accrued hourly, and users can redeem their funds at any time; any ETH not actively redeemed after the event concludes will automatically continue to be subscribed to OKX's simple earning products.
6 minutes ago
Kimi K3.1 is reportedly in the backend deployment stage: Kimi-K3-1 has passed call tests, bringing it one step closer to its official release.
News flash from Dongcha Beating AI: AI model evaluation account Lumina said it discovered 'kimi-k3-1' in an official product model list from Kimi. Lumina subsequently tested each model individually; all other invalid models returned errors, while kimi-k3-1 was recognized by the backend and accepted requests.
Kripto para ve küresel piyasalarda yeni hafta jeopolitik risklerin gölgesinde başladı. ABD Başkanı Donald Trump’ın İran’a yönelik yeni askeri saldırıları tamamen dışlamaması yatırımcıların risk iştahını baskıladı. Bitcoin yüzde 1,3 düşüşle 83.324 dolar seviyesine gerilerken Ethereum, XRP ve Solana gibi büyük altcoinlerde de kayıplar görüldü. Teknoloji ağırlıklı Nasdaq vadeli işlemlerinde ise düşüş yüzde 0,7 seviyesine ulaştı. Petrol fiyatlarının yükselmesi ve ABD tahvil getirilerindeki artış da piyasalar üzerindeki baskıyı artırıyor.
Trump’ın İran Açıklamaları Piyasalarda Baskı Yarattı Trump, pazar günü İran ile devam eden savaşın yakın zamanda sona erebileceğini düşündüğünü belirtirken, yeni askeri saldırı ihtimalini tamamen ortadan kaldırmadı. İran cephesinden de gerilimi azaltacak net bir mesaj gelmedi. İran Dışişleri Bakanı Abbas Araghchi, ülkesinin yeniden başlayabilecek çatışmalara hazır olduğunu açıkladı. Devam eden jeopolitik belirsizlik özellikle kripto paralar ve ABD hisse senedi vadeli işlemleri gibi riskli varlıklarda satış baskısının artmasına neden oldu.
İlginizi Çekebilir: Bu Coin İçin Dev Yükseliş Tahmini: Hedef Şaşırttı!
Bitcoin 06.30 TSI itibarıyla yüzde 1,3 değer kaybederek 83.324 dolar seviyesine geriledi. Kripto para piyasasındaki satış baskısı yalnızca Bitcoin ile sınırlı kalmazken Ether, XRP ve Solana gibi piyasa değeri yüksek altcoinlerde de benzer oranlarda kayıplar görüldü. Geleneksel piyasalarda ise teknoloji ağırlıklı Nasdaq endeksine bağlı vadeli işlemler yüzde 0,7 düşerek risk iştahındaki zayıflamayı yansıttı. Buna karşılık WTI ham petrol vadeli işlemleri yaklaşık yüzde 1 yükselişle 93,28 dolar seviyesine çıktı. İran geriliminin devam etmesi ve küresel petrol ticareti açısından kritik öneme sahip Hürmüz Boğazı çevresindeki belirsizlik, enerji fiyatları üzerindeki yukarı yönlü baskıyı artırırken enflasyon endişelerinin de yeniden güçlenmesine neden oluyor.
Bitcoin İçin 83.800 Dolar Seviyesi Öne Çıkıyor Giottus CEO’su Vikram Subburaj, Bitcoin fiyatındaki kısa vadeli teknik seviyelere dikkat çekti. Subburaj’a göre 83.800-84.000 dolar bölgesi önemli bir destek alanı oluştururken 85.000-85.800 dolar aralığı yakın direnç bölgesi olarak takip ediliyor. Bitcoin yılın önceki bölümündeki zayıflığın ardından üçüncü çeyrekte güçlü bir toparlanma sergiledi ve son üç aylık dönemde yaklaşık yüzde 42 yükseldi.
Vikram Subburaj, mevcut piyasa koşullarında yatırımcıların fiyat yükselişlerini agresif şekilde takip etmekten kaçınmasının daha temkinli olacağını belirtti. Subburaj ayrıca kaldıraç kullanımının sınırlı tutulması ve kademeli pozisyonların tercih edilmesinin volatilite yönetimine yardımcı olabileceğini ifade etti.
Piyasaların odağında jeopolitik gelişmelerin yanı sıra bu hafta açıklanacak ABD ekonomik verileri de bulunuyor. PCE enflasyon verisi, ISM imalat endeksi ve tarım dışı istihdam rakamları Fed’in para politikasına yönelik beklentileri etkileyebilir. Özellikle enflasyon görünümü ve tahvil getirilerindeki hareketlerin Bitcoin, Nasdaq ve diğer riskli varlıkların kısa vadeli yönü açısından yakından takip edilmesi bekleniyor.
Değerlendirme Bitcoin yeni haftaya İran kaynaklı jeopolitik belirsizlik, yükselen petrol fiyatları ve yüksek ABD tahvil getirilerinin oluşturduğu baskıyla başladı. Trump’ın İran’a yönelik yeni saldırıları tamamen dışlamaması kısa vadede piyasalardaki risk algısının yüksek kalabileceğine işaret ediyor. Bitcoin açısından 83.800-84.000 dolar bölgesindeki fiyat hareketleri yakından izlenirken, ABD’den gelecek makroekonomik veriler ve İran konusunda yaşanacak yeni gelişmeler kripto piyasasındaki volatilitenin yönünü belirleyebilecek önemli faktörler arasında yer alıyor.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
TLDR BTC declined 1.7% reaching $83,061 on Monday, breaking a two-week winning streak. The U.S. 10-year Treasury yield surged beyond 5%, marking its highest point in nearly two decades. President Trump left the door open for additional military operations against Iran ahead of midterm elections. A seven-day ceasefire proposal from Iran involving the Strait of Hormuz was turned down by the White House. Major altcoins like Ether, XRP, Solana, and Cardano experienced similar downward momentum. The leading cryptocurrency by market capitalization experienced a notable pullback on Monday, with BTC sliding 1.7% to reach $83,061 as of 6:30 GMT. This downturn marks the end of a two-week rally that had lifted investor sentiment.
Bitcoin (BTC) Price The selloff occurred against a backdrop of soaring Treasury yields and persistent geopolitical friction involving the United States and Iran. These macroeconomic headwinds dampened risk appetite throughout financial markets, with digital assets bearing the brunt.
Treasury Yields Reach Multi-Decade Peaks Sovereign debt yields climbed globally on Monday as market participants priced in prolonged monetary tightening by major central banks combating stubborn inflation.
🚨BREAKING: Bond yields hit MULTI-YEAR highs across the world this week, with Japan's 10-year yield reaching its highest level since 1996.
Japan's yield hit 3.08% despite the Bank of Japan raising rates to 1.25% this month.
Japanese and US yields eased slightly on Friday, but… pic.twitter.com/fsqVwqHBqd
— Coin Bureau (@coinbureau) September 27, 2026
The benchmark 10-year U.S. Treasury note pushed above the 5% threshold, a milestone not witnessed since the pre-financial crisis era of 2007. Meanwhile, Japanese government bonds also breached three-decade highs.
Both the Federal Reserve and Bank of Japan implemented rate increases in September, with officials from each institution indicating additional hikes remain on the table as inflationary pressures persist.
Elevated borrowing costs typically create headwinds for speculative assets like cryptocurrencies. Higher rates drain liquidity from markets while simultaneously making traditional fixed-income investments more attractive on a risk-adjusted basis.
Surging energy prices have emerged as a primary inflation catalyst throughout the year. Much of this volatility stems directly from the intensifying standoff between Washington and Tehran.
White House Keeps Military Options Open Against Iran During weekend remarks, President Trump expressed optimism that hostilities with Iran would conclude shortly. However, he notably declined to rule out further military operations prior to November’s midterm congressional elections.
“I don’t want to say that. I mean, it’s possible, but I just don’t want to say that,” Trump responded when pressed about potential renewed strikes, according to Fox News reporting.
The President emphasized that Washington would maintain maximum pressure through combined military and economic strategies. Iran’s Foreign Minister Abbas Araghchi stated his nation stands prepared for continued confrontation, including what he described as a potential “doomsday war.”
During proceedings at the United Nations General Assembly, Iranian diplomats floated a compromise arrangement. The framework included a seven-day reopening of the strategically vital Strait of Hormuz oil shipping lane, accompanied by a temporary ceasefire and diplomatic negotiations.
The White House rejected the Iranian overture. Trump argued that Tehran only sought negotiations due to mounting pressure, and reiterated via Truth Social that Iran must never be permitted to acquire nuclear weapons capability.
Ongoing conflict has kept crude oil valuations elevated. WTI crude futures advanced nearly 1% to settle at $93.28 per barrel during Monday’s session.
Broader Crypto Market Mirrors Bitcoin’s Weakness Monday’s downturn in Bitcoin rippled throughout the broader cryptocurrency ecosystem. Market participants appeared to lock in gains following the preceding fortnight of appreciation.
Ether, ranked second by market capitalization, shed 2% to trade at $2,652.25. XRP experienced a 2.7% decline, Solana retreated 2.1%, while Cardano posted a 3.5% loss.
BNB edged down 1.3%. Within the memecoin sector, Dogecoin tumbled 3.8% and the Trump-affiliated token declined 4.4%.
Notwithstanding Monday’s losses, Bitcoin has delivered impressive returns across recent months. The flagship cryptocurrency has appreciated 42% over the trailing three-month period, outpacing traditional benchmarks including the Nasdaq composite and gold.
One cryptocurrency exchange chief executive highlighted the $83,800 to $84,000 zone as a critical support threshold meriting close observation. He additionally identified the $85,000 to $85,800 range as potential resistance should prices attempt to recover.
Market participants are now turning their attention to incoming economic releases scheduled for this week, including U.S. consumer price index data, manufacturing activity indicators, and employment statistics. These reports could significantly influence market expectations regarding the Federal Reserve’s monetary policy trajectory.
Trade.xyz has relisted Kioxia perpetual contracts, as the underlying asset underwent a 1-for-3 stock split.
Trade.xyz’s perpetual contract market has re-listed Japanese storage firm Kioxia (KIOXIA), with a maximum leverage of 10x. The re-listing comes after Kioxia implemented a 1-for-3 stock split. Official arrangements state the contract was suspended for trading at approximately 06:35 UTC (14:35 Beijing time) on the same day, with all open positions settled; trading resumed at around 07:30 UTC (15:30 Beijing time) based on the post-split price. The platform cannot adjust existing positions proportionally to the stock split, so traders need to open new positions.
5 minutes ago
Kimi researcher questions NaiveAI, stating that 2,000 tokens per second does not prove "AI builds AI".
Beating AI News (Dongcha) – NaiveAI, founded by Tsinghua University associate professor Dai Jifeng, has just released its first model, N0.5-Flash. The company’s core proposition is “AI develops AI”, claiming the model participated in architecture design, code writing, and inference optimization. The official announced peak single-stream inference speed reaches 2122 tokens per second (tok/s). Yang Xinyu, a researcher at Moonshot AI, subsequently publicly questioned this claim. He noted that a speed of 2000 tok/s is achievable, but NaiveAI chose an overly weak baseline for comparison: the company used SGLang’s ~300 tok/s as a reference, while Xiaomi previously ran its larger-parameter MiMo-V2.5-Pro at over 1000 tok/s. A lower baseline makes the resulting improvement appear more dramatic. Yang also rejected NaiveAI’s description of its architectural innovation. N0.5-Flash is modified from Xiaomi’s MiMo-V2.5 Base, replacing the original global attention with DSA. NaiveAI ultimately adopted DSA + GQA. Yang argued that this is more of an engineering trade-off based on an existing base model, which also reduces GPU utilization, and does not qualify as a significant architectural breakthrough. He stated that NaiveAI has proven models can be accelerated via continued training and engineering optimizations, but has not yet demonstrated that “AI developing AI” itself delivers breakthroughs beyond what human teams can achieve.
5 minutes ago
PUMP’s largest long position holder has seen their unrealized profit expand to 400%, making it one of the few profitable long accounts today.
According to TradingBeats' monitoring, the address starting with 0xc36a on Hyperliquid still holds 1 billion long positions in the PUMP contract, with an average entry price of roughly $0.0036. The current value of this position is approximately $4.99 million, with an unrealized profit of around $1.4 million. PUMP is now trading at about $0.005, some 71% higher than its average entry price. Additionally, the address also holds around 10,800 long positions in the ZEC contract, with an average entry price of roughly $1,206, a position value of approximately $16.66 million, and an unrealized profit of $3.67 million, with no signs of exiting the position so far.
5 minutes ago
MEXC issued an official response regarding a user's stolen loss of approximately $340,000, stating that a dedicated task force has been established to follow up on the account status and subsequent handling.
Today, X user @shuangfei8 claimed his MEXC exchange account was hacked, resulting in losses of approximately $340,000, and questioned the platform for failing to revoke the attacker’s API, which led to the full withdrawal of his assets. In response, MEXC officials stated that they have completed an initial investigation and put forward corresponding solutions. The platform will subsequently communicate one-on-one with the user via email to update them on processing progress and required information. MEXC has immediately established a dedicated task force, with specialized staff following up on the relevant account and subsequent handling to safeguard users’ rights and interests.
5 minutes ago
Bitget has launched the "Peer Program", under which 30% of net trading fees from non-institutional users will be returned as bonuses over the next month.
Bitget CEO Gracy Chen introduced the "Peer Program" during a live stream titled "Bitget Security Incident Review". The program is divided into two parts: For non-VIP users, over the next month, Bitget will return 30% of the net handling fees retained by non-institutional users as exclusive user bonuses, while also rolling out VIP-related benefits. For Pro clients and market makers, an institutional version of the Peer Program will be launched, providing rebates on handling fees and commissions, and extending the Pro level protection period to November 30.
5 minutes ago
Analysis: Bitcoin's short-term holders' MVRV ratio rises to its highest level since November 2025, suggesting imminent profit-taking.
CryptoQuant analyst Darkfost reports that Bitcoin’s Short-Term Holder (STH) Market Value to Realized Value (MVRV) has reached its highest level since November 2025. Momentum accelerated sharply between August and September, mainly driven by the price breaking through the STH cost benchmark of roughly $73,100. Current data shows the STH MVRV stands at 1.15, meaning short-term holders hold an average unrealized profit of around 15% and have returned above the realized value threshold. Darkfost emphasized this level requires close monitoring, as it may prompt short-term holders to start taking profits.
According to Bitget market data, spot silver plunged 5% on the day, currently trading at $61.17 per ounce. Spot gold fell nearly 3% on the day, now at $4,163.08 per ounce.
10 minutes ago
Jensen Huang will meet with Lee Jae-yong and Choi Tae-won today, with the industry closely focusing on HBM-related topics.
Nvidia CEO Jensen Huang will meet again with Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Choi Tae-won in New York on the 28th local time. The meeting comes about two months after the trio’s gathering in San Francisco in July, as Samsung Electronics accelerates its cooperation with Nvidia in this sector. According to a business source on the 27th, Lee and Choi plan to attend the annual dinner of the Korean Association in New York at 6 PM on the 28th. Huang will attend the event as the recipient of this year’s Van Fleet Award. The industry’s key focus for this meeting is high-bandwidth memory (HBM). Sources said Samsung Electronics Device Solutions Division Vice Chairman Jeong Yong-hyun met with Huang during the latter’s June visit to South Korea, where the two sides discussed long-term cooperation on next-generation HBM such as HBM4E and HBM5. The New York meeting may also cover wafer foundry services and advanced packaging—areas where Samsung holds a competitive advantage. It is learned that Jeong and Huang also discussed next-generation wafer foundry cooperation during their June talks.
10 minutes ago
Bitget hackers are converting ETH to BTC via THORChain.
According to Lookonchain’s monitoring, the Bitget hacker who stole $351.6 million is now converting ETH to BTC via THORChain.
10 minutes ago
A certain crypto whale converted its NEAR long position to spot amid funding rate pressure.
According to TradingBeats monitoring, a large crypto whale is adjusting its NEAR holdings by closing out NEAR perpetual contract long positions in batches while simultaneously purchasing an equivalent amount of NEAR spot. The whale currently holds around 738,700 NEAR spot tokens, valued at $3.8008 million (address: 0x089f). On September 23, the whale held approximately 1.1834 million NEAR perpetual contract long positions, with an average entry price of $4.468, and its earliest visible leverage setting was 1x. Since September 25, it has executed multiple rounds of futures-to-spot position swaps. Today, it launched a 24-hour Time-Weighted Average Price (TWAP) plan for 400,000 NEAR tokens; the plan is about 53% complete, with roughly 188,000 tokens remaining to be traded. The remaining contract long positions are valued at $2.2877 million, with an unrealized profit of $301,800. The whale’s total combined exposure from NEAR spot and contracts remains around 1.1832 million tokens, close to its prior position size. The whale has paid a net funding fee of approximately $12,300 for its NEAR contract positions in this round. By closing long positions and buying equivalent spot, it retains its original bullish exposure, likely to reduce ongoing funding fee costs. If the current TWAP plan continues, it is scheduled to end around 02:12 tomorrow. Additionally, the whale still holds a large amount of ZEC spot, valued at roughly $13.9824 million, with plans to sell between $1,725 and $1,775.
10 minutes ago
Strategy's Special General Meeting of Shareholders Scheduled to Be Held Online on October 28
Strategy announced that its special general meeting will be held online at 10:00 AM Eastern Time (ET) on October 28, with September 25 as the record date for common stockholders to cast votes. If approved and regulatory filings completed, the proposal will move forward. Earlier, Strategy stated it plans to adjust the dividends of STRF, STRC, STRK and STRD to daily accrual, a measure that will be put to a vote at the upcoming general meeting.
PANews reported on September 28 that, according to SoSoValue data, the crypto market sectors were mixed, with the RWA sector performing relatively well, up 4.24% in 24 hours. Among them, Ondo Finance (ONDO) rose 6.16% and Sky (SKY) rose 4.25%. However, Bitcoin (BTC) fell 0.97%, dropping below $84,000; Ethereum (ETH) fell 1.59%, dropping below $2,700.
In other sectors, the Meme sector rose 0.21% in 24 hours, with Pump.fun (PUMP) up 16.14% within the sector; the CeFi sector rose 0.16%, with NEXO (NEXO) up 0.34%.
In addition, the Layer2 sector fell 0.23%, but SOON (SOON) rose 31.65%; the Layer1 sector fell 0.25%, with Zcash (ZEC) down 4.60%; the DeFi sector fell 1.42%, with SoSoValue (SOSO) bucking the trend to rise 9.67%; the PayFi sector fell 1.60%, with Telcoin (TEL) surging 9.52% intraday.
The crypto sector indices reflecting historical sector performance showed that the ssiRWA, ssiNFT, and ssiSocialFi indices rose 5.10%, 2.99%, and 1.27%, respectively.
The crypto market returns to a key level as the bitcoin price tests a major resistance again. Jurrien Timmer, global macroeconomics director at Fidelity, believes a four-year bullish cycle could be underway. Nine months earlier, he considered 2026 a year of respite after a down phase. His chart places the 80,000-dollar threshold at the center of the scenario, with a projection toward 100,000 dollars in case of a breakout.
In brief Jurrien Timmer believes a new four-year bullish cycle could be underway. Breaking $80,554 would confirm, according to him, a double bottom aiming for $100,000. Technical calculation gives a potential target around $103,400 after the breakout. US spot Bitcoin ETFs recorded $134 million in inflows on September 25. Jurrien Timmer had approached 2026 cautiously, estimating that the market could enter a pause period. He then mentioned the possible end of a new halving phase in the four-year cycle. A few days later, he even described 2026 as a year of respite.
At that time, Timmer placed the support between $65,000 and $75,000. The decline eventually exceeded this zone, with a drop to $60,000 in early February, then to $57,800 in late June. Nine months later, his bitcoin analysis evolves after the market returns above $80,000.
In his analysis published on September 25, Timmer shows a horizontal resistance for bitcoin at $80,554. The chart displays two bottoms, at $60,033 and $57,742. It also shows peaks near the resistance, notably $82,807 in May and $82,266 at the last peak.
A technical figure aiming at $100,000 According to Timmer, breaking $80,000 would confirm a double bottom pattern. In his chart, this resistance is precisely around $80,554. A sustained breakout of this line would therefore be the central element of his scenario toward $100,000.
The calculation presented in the text reinforces this projection. The difference between the bottom of $57,742 and the resistance at $80,554 reaches $22,812. Adding this amplitude to the breakout level, the theoretical target approaches $103,400. A measure taking May’s peak of $82,807 as reference even pushes the projection to around $107,900.
The $100,000 target retained by Timmer remains the most cautious version of this technical reading. The bitcoin price closed the week of September 14 at $81,178 and then moved near $84,000. A weekly close at this level would be the highest since the week of January 19, which ended at $86,670.
Prediction markets remain more cautious Timmer is not the only analyst to mention a return to $100,000. The scenario presented by PlanB for October also depends on the market staying above $80,500. Both approaches thus place this threshold among the levels to watch in the coming weeks.
Prediction markets, however, show a more measured reading. On Kalshi, the contract linked to crossing above $100,000 in 2026 traded at 39 cents, down from 41 cents the day before. The level remains below 46%, while the $110,000 contract traded at 20 cents.
Caution appears even more on short-term deadlines. The September contract concerning a break above $87,500 fell from 35 to 22 cents in twenty-four hours. This decline reflects a cooling of immediate bitcoin expectations on the prediction market.
Spot Bitcoin ETFs bring another demand signal Meanwhile, spot demand maintains a different dynamic. US spot bitcoin ETFs recorded $134 million in inflows on September 25, according to Wu Blockchain data. It was then the seventh consecutive day of capital inflows. BlackRock’s IBIT contributed to this inflow sequence, according to the communicated data.
This movement adds another element to observe for Bitcoin, in contrast to the more cautious signals from prediction markets. On one side, short-term contracts have reduced their expectations on certain price levels. On the other, ETFs continue to record daily inflows, showing spot demand is present.
The $80,000 zone thus remains at the heart of the next sessions for Bitcoin. A breakout of the resistance could strengthen the double bottom reading and bring the technical projection of $100,000 closer. Conversely, prediction markets signal caution on short-term deadlines, while ETFs maintain their inflows. Bitcoin therefore approaches this phase with several indicators to watch, without their future development yet established.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), posted a new Bitcoin (BTC) chart on Sunday with the caption “Even more orange.” Posts like this one have often come a day before the company reports new Bitcoin purchases.
Strategy is the largest public company holding Bitcoin. It reports its purchases in filings with US regulators, usually on Mondays.
Last Sunday’s Orange Post Came a Day Before a 950 BTC BuyOrange is Bitcoin’s brand color. Each orange dot on Saylor’s chart marks a purchase, and bigger dots mean bigger buys.
Michael Saylor Bitcoin Buy Signal. Source: Saylor on X “Even more orange,” Saylor indicated.
Last Sunday, he posted a similar chart captioned “A little more orange.” That evening, BeInCrypto reported Saylor’s buying hint and said Monday’s update would settle it.
It did. The next day, MicroStrategy disclosed a 950 BTC purchase worth about $76 million, or $79,670 per coin, according to its ledger. That brought its holdings to 846,000 BTC.
Notably, however, the signal does not always lead to a buy, though. The week before, Strategy’s filing showed no Bitcoin bought or sold.
Why MicroStrategy’s Next Bitcoin Move MattersStrategy has not only been buying this year. Its ledger lists four sales between June 30 and August 10, totaling 6,916 BTC.
Last week it also spent $174 million buying back STRC, a preferred share that pays holders a monthly dividend. That was more than twice what it spent on Bitcoin.
Right now, Bitcoin trades near $84,974, up 1% over 24 hours. That puts the price about 13% above Strategy’s average cost of roughly $75,416 per coin. Earlier this month, the company sat 2% above cost.
Monday’s filing will show whether last week’s 950 coins restarted steady buying or set a slower pace.
Riot Platforms has repaid and terminated its $200 million bitcoin-backed credit facility with Coinbase Credit, according to an SEC filing, releasing the digital assets it had pledged as collateral. The Nasdaq-listed bitcoin miner completed the full voluntary prepayment of all outstanding principal on September 21 and disclosed the transaction in a Form 8-K filed on September 25. The filing states that all obligations under the credit agreement were satisfied and discharged, and the agreement was terminated. The prepayment closed out a secured borrowing arrangement that Riot had used to raise capital while pledging its bitcoin and other digital assets.
How the facility was structured The terminated facility was governed by the Second Amended and Restated Credit Agreement dated April 21, 2026, between Riot as borrower and Coinbase Credit, Inc. as lender, collateral agent and administrative agent. It provided a multiple draw-down secured term loan of up to $200 million, secured by a pledge of Riot’s financial assets, including bitcoin, USDC and cash held in the custody of Coinbase Custody Trust Company. Riot first reported the agreement in a Form 8-K filed on April 27, 2026. The lender’s commitment to make further loans under the facility has now ended.
No early termination fee Riot said it delivered notice of the prepayment to the lender and paid the full principal and all accrued and unpaid interest through September 21. Because the prepayment date fell after the four-month anniversary of the original maturity date, the day count fraction used to calculate the early termination fee was zero, so the company incurred no early termination fee or penalty. Bitcoin-backed lending has become a recurring financing route for digital asset firms, a trend visible in Circle’s launch of bitcoin-backed USDC borrowing.
What it means for Riot’s treasury Concurrent with the prepayment, the credit agreement and Coinbase Credit’s commitment to make further loans were terminated, and the security interests over Riot’s bitcoin, USDC and cash were released. Riot did not state the quantity of bitcoin pledged immediately before termination, but the move removes a secured debt from its balance sheet and returns unrestricted control of the collateral to the company. With the security interest lifted, Riot can hold, sell or otherwise use those assets without first satisfying a lender, a meaningful change for a miner that keeps bitcoin on its balance sheet. It also mirrors a wider reordering of corporate bitcoin treasuries, including Sequans’ recent exit from its bitcoin holdings.
AUTHOR
A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
YouTube has pulled the plug on the Bitcoin Treasuries channel, run by host Tim Kotzman under the @BitcoinTreasuryCompanies handle, labeling its content as “harmful or dangerous.” The channel, which focused on Bitcoin education, corporate treasury strategies, and wallet tutorials, received no prior strikes or warnings before the termination.
Kotzman has filed an appeal with YouTube, but the timing is particularly awkward. Bitcoin Treasuries Media, the organization behind the channel, has conferences in the pipeline focused on corporate Bitcoin strategies, and one of its primary outreach vehicles just vanished overnight.
A pattern, not an isolated incident Several prominent Bitcoin channels have faced similar terminations during what appears to be a broader crackdown on crypto content. Bitcoin.com’s channel, which had been active since 2015 and accumulated over 100,000 subscribers, was among those hit. BTC Sessions and Bitcoin Magazine have also experienced removals, though some were reversed after public backlash forced YouTube’s hand.
The collective damage across affected creators has been substantial, with educational Bitcoin channels losing millions of subscribers during the sweep. For creators who built audiences over years, the operational fallout goes beyond vanity metrics. Video embeds across external sites break instantly, archived educational resources disappear, and revenue streams evaporate.
Creators producing educational material about a legal asset class are getting flagged and removed, while scam advertisements, including fake giveaway schemes and phishing operations targeting crypto users, continue to run across the platform.
What the channel actually covered The Bitcoin Treasuries channel wasn’t pumping altcoins or selling trading signals. Its focus was squarely on the growing corporate adoption of Bitcoin as a treasury reserve asset. The channel provided data on corporate Bitcoin holdings, discussed treasury management strategies, and offered practical tutorials on Bitcoin wallets.
Bitcoin Treasuries Media has scheduled conferences dedicated to corporate Bitcoin strategy. These events bring together executives, analysts, and Bitcoin advocates to discuss how companies are integrating Bitcoin into their financial operations. Losing the YouTube channel strips the organization of a key marketing and educational distribution channel right when audience engagement matters most.
YouTube’s crypto problem Crypto users regularly encounter fraudulent advertisements on YouTube featuring deepfake videos of prominent figures promoting fake giveaways. These ads run through YouTube’s own monetization system, meaning the platform profits from the very content it claims to be protecting users from.
Where creators go from here Crypto creators have increasingly diversified their distribution across platforms like Rumble, Nostr, and other alternatives that offer more permissive content policies around financial topics.
For Bitcoin Treasuries Media specifically, the appeal process with YouTube represents the immediate priority. Previous high-profile removals in the Bitcoin space have been reversed after sufficient public pressure, suggesting that the system responds more to attention than to the merits of individual cases.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Two weeks ago, the Federal Reserve raised interest rates. This week, five data releases will show whether it does it again in October.
The Fed’s chair says single numbers should not drive policy. Traders are still pricing the next move off this week’s data.
The Fed Raised Rates and Refused to Signal Its Next MoveOn September 16, the Fed lifted its benchmark rate to a range of 3.75% to 4%. Inflation “remains elevated,” the policy statement said.
In June, BeInCrypto reported that Bank of America expected three Fed rate hikes this year, starting in September.
At his press conference, Chair Kevin Warsh refused to promise a second hike.
“Trends matter. Data points are noisy. Data point dependence is a dangerous preoccupation.”
Rate traders price roughly a 64% chance of another hike on October 28.
Target Rate Probabilities for October 28 Meeting. Source: CME FedWatch ToolHigher rates make savings and bonds pay more. That pulls money away from riskier bets like tech stocks and Bitcoin (BTC). Right now, Bitcoin trades near $84,728, according to BeInCrypto data.
1. Monday, Bank of Japan MinutesThe Bank of Japan (BOJ) publishes the minutes of its July 30 to 31 meeting on Monday morning, Japan time, its calendar shows.
Minutes are the written record of what board members argued. These cover the meeting between two hikes. The BOJ raised its rate to about 1% in June, then to about 1.25% on September 18.
The bank’s September statement said it “will continue to raise the policy interest rate.” Japan’s rate still sits more than 2.5 percentage points below the Fed’s. Signs of faster hikes in Tokyo would narrow that gap, which can ripple through global bond markets.
Assets in play. Japanese government bonds, the yen, US Treasury yields, and Bitcoin.
2. Wednesday, PCE InflationThe Personal Consumption Expenditures (PCE) index is the inflation number the Fed trusts most. It also tracks how much Americans spend. Its “core” version drops volatile food and energy prices.
Core PCE rose 3.3% in the year to July, the Bureau of Economic Analysis (BEA) said. August’s reading is forecast at 3.4%. The Fed’s target is 2%.
Spending is forecast to climb 0.5% in August. That would be the biggest monthly jump in over a year.
Assets in play. Treasury yields, the US dollar, the S&P 500, the Nasdaq, and Bitcoin.
3. Wednesday, GDPThe same morning, the BEA publishes its third and final estimate of second-quarter growth. Gross domestic product (GDP) measures everything the economy produces.
The second estimate showed growth of 1.5% at an annual rate, down from 2.1% in the first quarter, BEA data shows. A stronger revision would give the Fed more room to keep rates high.
Assets in play. Treasury yields, the US dollar, and the S&P 500.
4. Thursday, ISM Manufacturing IndexThe Institute for Supply Management (ISM) surveys factory purchasing managers every month. A reading above 50 means manufacturing is growing.
August’s index came in at 54.6, down from 55.6 in July, ISM said. Its prices gauge held at 71.1, meaning factories are still paying more.
Assets in play. Industrial stocks, Treasury yields, the US dollar, and oil.
5. Friday, PayrollsThe week ends with the September jobs report. Forecasters expect about 90,000 new jobs, down from 162,000 in August. Unemployment is seen steady at 4.1%.
Hourly wages rose 0.3% in August, Bureau of Labor Statistics data shows. A strong report would show a resilient labor market and support the case for higher rates.
Bitcoin jumped after June’s weak jobs report, BeInCrypto reported.
Assets in play. Treasury yields, the US dollar, the S&P 500, the Nasdaq, gold, and Bitcoin.
What the Week Means for Treasury YieldsTogether, these releases feed the Fed’s October 27 to 28 decision. They also set up the next big move in US Treasury yields, the interest rates the government pays to borrow.
🇺🇸 Key Events This Week:
1. Monday, BOJ Monetary Policy Minutes:
Any signal of further rate hikes could narrow the U.S.-Japan rate gap and impact global bond markets.
2. Wednesday, PCE Inflation:
The Fed’s preferred inflation metric will show how much consumers are spending and…
— Bull Theory (@BullTheoryio) September 27, 2026 The 10-year yield recently retreated from a 19-year high, BeInCrypto reported. By Friday night, the Fed will have its evidence. Whether it acts on it is the question Warsh has refused to answer.
Disclaimer
BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin [BTC] is moving further from its June bottom, with the recovery now testing whether $58,535 can hold as a cycle low.
Since then, Bitcoin’s price has increased by 44.2% to around $84,400, a move greater than the average of historical recoveries from lows of 29.7%.
This increase may add strength to the current recovery, yet there is an additional potential drawback. The June drop was approximately 53.06%. Historically, drops of this magnitude have been followed by lower price levels.
In particular, 2021 saw a similar 53.10% drop, followed by another lower low.
Source: CryptoQuant However, BTC’s MVRV stood at 1.10 at the June bottom. This was less than the 1.55 seen in 2021. A significantly different cost basis potentially reduces pressure on Bitcoin to continue rising.
However, if the price falls below $58,535, it would represent a break into new territory and invalidate the assumption that $58,535 represents a low point.
Can Bitcoin hold the $58,535 floor? The Bitcoin rally is setting a new course for the current cycle by breaking away from the collapse of 2021, but demand must continue absorbing supply.
More importantly, for now, institutional demand seems to be supporting buyers, with weekly ETF inflows reaching $2.39 billion and monthly flows exceeding $2.7 billion.
As exchange reserves decrease, the available supply tightens, limiting the selling pressure as prices rise.
Source: SoSoValue Leverage could, however, weaken this structure if traders become the primary force behind the rebound. Open interest already sits near the 30 billion range, and funding levels remain relatively modest.
Source: Coinalyze If either were to spike sharply, liquidation risks would grow, potentially leading to another downturn in BTC.
Bitcoin’s rising profits test the rally Bitcoin’s recovery is now creating a new pressure point as unrealized profits reach levels last seen in December 2024. The margin has gone from negative territory to well above 40% as BTC moves upward again towards $85,000.
Source: CryptoQuant This shift means more short-term holders now sit on paper gains. As profits expand, some investors may lock in gains, increasing realized supply and testing whether demand can absorb it.
The market has seen similar profit-margin surges during strong advances, often followed by volatility. Therefore, the rise does not invalidate the recovery, but it raises the risk of profit-taking.
Sustained demand must absorb these sales to keep momentum intact.
Final Summary Bitcoin has recovered 44.2% from $58,535, but rising unrealized profits could increase profit-taking pressure. BTC still has strong ETF demand, but rising leverage and profit realization could test the recovery.
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.
Cryptocurrency exchange Bitget will begin restoring customer withdrawals in stages from September 28, four days after it detected and contained a security incident in its wallet infrastructure. The vulnerability behind the breach has been identified and remediated, and the exchange is reopening withdrawals in dated phases while independent security firms review the fix, according to a notice on Bitget’s support center. Trading and deposits have continued uninterrupted throughout the pause.
Four phases for the return of withdrawals Bitcoin withdrawals reopen first, at 08:00 UTC on September 28, on the Bitcoin network. Ether withdrawals follow at the same time on September 29 across Ethereum, BNB Smart Chain, Arbitrum, Base and Optimism. Tether’s USDT returns on September 30 across Ethereum, BNB Smart Chain, Solana and Tron, and all remaining tokens, fiat services and peer-to-peer transfers are scheduled for October 2. Bitget said the staggered rollout lets it restore services “as quickly and safely as possible” while its teams finish security checks across the withdrawal infrastructure. The phased schedule also lets the exchange bring withdrawals back in an orderly way, and Bitget said the same timetable applies consistently across users without preference.
Bitget said its security and technical teams have been running additional validation and security checks, with independent cybersecurity firm Mandiant and blockchain security company SlowMist supporting the investigation. The exchange described the withdrawal pause as a precaution “not related to the availability of user assets,” said account balances remain unaffected, and said its Protection Fund covers the financial impact of the incident. Bitget added that the incident remains contained and that no further unauthorized transfers are possible. Users do not need to take any action ahead of the rollout, and the exchange said withdrawal availability will appear directly on the Bitget platform as each phase opens.
Recovery after the hot wallet breach The resumption follows the exchange’s disclosure that it detected unauthorized transfers from some of its hot wallets on September 24 and later confirmed a $351.6 million hot wallet breach. Bitget said its cold wallets were secure and that trading and deposits continued throughout the pause. The episode underscores the security trade-off between internet-connected hot wallets and offline cold storage, which exchanges use to keep the bulk of customer assets away from the network. Bitget has asked users to follow its official channels for updates as the remaining phases come online.
AUTHOR
A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
According to Lookonchain’s monitoring, a crypto whale that had been inactive for over four years transferred out 4,500 Bitcoin valued at $378.79 million.
XRP (XRP): After breaking out from the $1.35 range to a high near $1.70 in late August and consolidating between $1.35–$1.55, XRP has resumed its uptrend, trading near $1.537 with support at $1.45–$1.50 and $1.65–$1.70 as the key barrier to new highs.
Gram (GRAM): After collapsing from nearly $2.90 in May to lows around $1.30, GRAM has surged to $1.63, clearing its 50- and 100-day averages and now testing the declining 200-day average near $1.60 as a potential trend-reversal signal.
Bitcoin (BTC): Trading near $84,900 after pulling back from a peak of $87,400, Bitcoin remains firmly bullish since breaking above $72,000 in mid-August, with support at $80,000–$81,000.
HOT Stories
Near Protocol (NEAR): NEAR has rocketed over 200% in a month, from about $1.70 to roughly $5.20, leaving it deeply overbought and extended above its moving averages, with a hold above the $4.00–$4.20 breakout zone.
XRP keeps aiming higherAfter a brief consolidation, XRP has resumed its upward trend, trading close to $1.537 after declining from the local high above $1.65 last week. The overall structure is still positive: in late August, XRP made a spectacular breakout from the $1.35 range, reaching as high as $1.70 before settling into a multiweek consolidation between roughly $1.35 and $1.55.
XRP/USDT Chart by TradingViewA new leg higher has now replaced that base, and the price briefly tested $1.65 before falling to current levels. In terms of structure, XRP is still trading well above its 50-day moving average, which has curled upward and is currently close to $1.36, while the 200-day average is still in a mild downward trend at $1.35.
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Both are converging, which, if the rally continues, frequently signals a bullish crossover. Strong momentum without yet reaching overbought extremes is indicated by the RSI's elevation in the 60s. A breakback below $1.35 would invalidate the current bullish structure and allow for a retest of the low-$1.30s.
Support is currently located at the $1.45–$1.50 zone, the top of the previous consolidation range. The price action of XRP generally points to continuation. Dips are likely to draw buyers as long as it stays above the previous consolidation range; $1.65–$1.70 is still the crucial barrier to overcome before moving toward new highs.
Gram surprisingly recoversAfter a protracted decline, Gram (GRAM) has displayed new signs of life. After a huge surge to almost $2.90 in early May, GRAM plummeted for months, going from above $1.80 to lows of about $1.30 by late summer.
GRAM/USDT Chart by TradingViewHowever, the token has experienced a dramatic surge in recent sessions, rising from roughly $1.40 to $1.63 and surpassing both its 50-day and 100-day moving averages for the first time since the summer decline started. The immediate resistance test is now the 200-day average, which is still declining near $1.60.
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A clear close above it would indicate the first real trend-reversal signal since May's blow-off top. Alongside the move, momentum has increased, and the RSI has pushed into the 70s, which is a level that frequently precedes a cooling-off period or pullback but also provides strong confirmation of short-term buying pressure.
For the time being, GRAM's breakout appears to be an early attempt at reversal within a longer-term downtrend rather than a definitive shift in trend. In the event of a pullback, a hold above $1.50 would bolster the bullish argument, whereas a decline below $1.40 would imply that the rally was only a brief uptick within the ongoing decline.
Can Bitcoin peak out? Bitcoin is currently trading close to $84,900 after slightly declining from its peak of $87,400 last week. The overall trend is still very bullish: since mid-August, when the price decisively broke above the $72,000 barrier and never looked back, BTC has more than tripled off its early-June lows near $58,000.
BTC/USDT Chart by TradingViewThe strength of this trend is confirmed by the moving average structure. The 200-day average near $74,000 has flattened and is starting to rise after months of decline, which is a classic sign of a maturing uptrend.
Meanwhile, the 50-day and 100-day averages are both sloping firmly upward and sit well below the current price (around $77,000 and $75,000, respectively). The RSI is in the mid-to-upper 60s, indicating persistent buying pressure without yet displaying overbought extremes.
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Rather than a trend reversal, the recent decline from $87,400 to the mid-$84,000s appears to be a healthy consolidation following a quick, unbroken rally. The $76,000–$77,000 region is a deeper structural floor, and support is located at the $80,000–$81,000 breakout zone.
The path of least resistance is still to retest and eventually clear $87,000–$88,000 for new highs as long as Bitcoin stays above the low $80,000s.
Is Near Protocol reclaiming the growth?After rising from about $1.70 in late August, NEAR is currently experiencing an explosive parabolic advance, trading at about $5.20. This represents a move of more than 200 percent in just one month.
NEAR/USDT Chart by TradingViewSince the breakout started, the rally has been unrelenting, with hardly any red candles breaking the pattern. This has caused the price to move from consolidation into a nearly vertical trajectory. The 50-day moving average is close to $2.90, the 100-day is close to $2.40, and the 200-day is close to $2.10, all of which are significantly below the current price.
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This kind of move has left NEAR incredibly extended in relation to its own trend indicators. This abnormally large gap usually indicates an overheated, unsustainable short-term move. The fact that the RSI is deep in overbought territory in the high 70s confirms that the token will either undergo a significant correction or a protracted consolidation to allow the moving averages to catch up.
Similar vertical spikes have historically caused NEAR to exhibit a tendency for sharp mean reversion, as demonstrated by the May run-up to $2.90 that was swiftly unwound. Even though there is real, strong momentum in the current move, there is a greater chance of a swift, violent pullback at these levels.
The bullish structure would be maintained by holding above the $4.00–$4.20 breakout zone, while a breakback below it would indicate that the parabolic phase has ended.
Hong Kong-listed large model concept stocks continue to slump, with Zhipu falling over 5.6% intraday and MINIMAX dropping more than 10%.
According to Bitget's market data, Hong Kong-listed large language model concept stocks continue to decline. Zhipu fell more than 5.6% intraday, while MINIMAX dropped over 10%.
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GNGN-associated address deposits 6,100 ETH to Coinbase, valued at $16.38 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a GNGN-associated address deposited 6,100 ETH worth $16.38 million to Coinbase 8 hours ago. Tracing back, the ETH was bridged from the Robinhood Network to the Ethereum mainnet six days ago, and is likely Robinhood Network fee revenue.
1 minutes ago
It is reported that ByteDance plans to purchase 1 million units of NVIDIA's new GPUs, and the acquisition may be approved.
Beating AI Express News: The Information, citing two people familiar with the matter, reports that Chinese officials are considering allowing companies including ByteDance and Alibaba to purchase NVIDIA RTX PRO 5500. The Ministry of Industry and Information Technology (MIIT) recently requested these firms to submit their planned purchase volumes and intended uses, and has indicated to some companies its intention to approve the applications. However, the exact approval timeline and allowed purchase quantities remain undetermined. ByteDance is considering procuring around 1 million units of the RTX PRO 5500, with the final number subject to approval results and NVIDIA’s supply capacity. Unlike data center AI chips such as the H200, this card is NVIDIA’s newly launched Blackwell workstation GPU this month, equipped with 84GB GDDR7 video memory. NVIDIA positions it as a rackmount workstation product, explicitly supporting large model inference, AI agents and generative AI. The report also notes that some Chinese buyers plan to install 8 RTX PRO 5500 per server to run AI models. NVIDIA plans to begin shipments in late December, aiming to supply approximately 500,000 units to China every quarter. If ByteDance ultimately purchases 1 million units, its order alone would equal NVIDIA’s planned China supply for two quarters. Chinese enterprises still face a shortage of AI computing power; Huawei’s rotating chairman Xu Zhijun stated last week that its AI computing equipment production capacity cannot even meet domestic demand. However, the RTX PRO 5500 faces another hurdle to entering China: the US government has not publicly confirmed whether it complies with existing export restrictions, with only some industry insiders expecting it to be allowed.
1 minutes ago
Maji reduces Bitcoin long positions, with his account incurring a $1.42 million loss in nearly 24 hours.
According to TradingBeats monitoring, "Big Brother Ma Ji" (real name Huang Licheng) has reduced his Bitcoin long positions. His account suffered a $1.42 million loss in the past 24 hours, with profits shrinking to $1.62 million over the past seven days. His current positions are as follows: Ethereum (ETH) long positions worth approximately $92.62 million, with an unrealized loss of around $70,000; entry price: $2,671.16, liquidation price: $2,548.34. Bitcoin (BTC) long positions worth approximately $25.18 million, with an unrealized loss of around $50,000; entry price: $84,112.40, liquidation price: $70,059.66. HYPE long positions worth approximately $19.82 million, with an unrealized loss of around $650,000; entry price: $93.06, liquidation price: $70.43.
1 minutes ago
South Korea's KOSPI index extended its decline to 2%, with Samsung Electronics and SK Hynix both falling more than 4%.
According to Bitget market data, South Korea’s KOSPI index has extended its intraday decline to 2%. Samsung Electronics slid 4.1% and SK Hynix dropped 4.65%.
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China's Ministry of Commerce: China and the U.S. have agreed to hold the next China-U.S. Artificial Intelligence Dialogue before the end of November this year.
A senior official from the Department of North American and Oceanian Affairs of China’s Ministry of Commerce interpreted the outcomes of the 8th round of China-US economic and trade consultations. During the round, both sides agreed that under the framework of the China-US economic and trade consultation mechanism, Vice Premier He Lifeng and US Treasury Secretary Scott Bessent, as the respective leads of China and the US, will launch an artificial intelligence (AI) dialogue, and held its first session to exchange views on the risks and benefits of AI. The two sides agreed to hold the next dialogue before the end of November this year, and also reached an agreement to establish a communication channel for AI-related incidents.
According to TradingBeats monitoring, "Big Brother Ma Ji" (real name Huang Licheng) has reduced his Bitcoin long positions. His account suffered a $1.42 million loss in the past 24 hours, with profits shrinking to $1.62 million over the past seven days. His current positions are as follows: Ethereum (ETH) long positions worth approximately $92.62 million, with an unrealized loss of around $70,000; entry price: $2,671.16, liquidation price: $2,548.34. Bitcoin (BTC) long positions worth approximately $25.18 million, with an unrealized loss of around $50,000; entry price: $84,112.40, liquidation price: $70,059.66. HYPE long positions worth approximately $19.82 million, with an unrealized loss of around $650,000; entry price: $93.06, liquidation price: $70.43.
A New York cryptography research group has outlined a way to hide Bitcoin payment details on the base chain itself, without asking miners or node operators to adopt a protocol upgrade.
The design, called Shielded Bitcoin, comes from [alloc] init researchers Clara Shikhelman, Mikhail Komarov, and Aleksei Moskvin.
It borrows the encrypted-note model made familiar by Zcash, then parks that model on Bitcoin as it exists today.Bitcoin’s ledger is public by design.
Amounts, timing, and links between spends are visible, and wallets can often be tied to people or firms.
That transparency is a feature for auditability and a liability for treasuries, trading desks, and anyone who wants to move value without broadcasting a full financial trail.
Soft-fork proposals that would bake stronger privacy into consensus have not landed.
Shielded Bitcoin tries a different route: treat Bitcoin as a bulletin board that stores and orders encrypted bytes it cannot read.Inside the system, value lives in notes—small encrypted records that hold an amount and a way for the owner to claim it.
Those notes never appear in readable form on chain.
When Alice pays Bob, she creates an encrypted note only Bob can open, then publishes a transfer as ordinary Bitcoin data.
The payload includes the encrypted outputs, a one-time serial number (a nullifier) for each note she is spending, and a compact zero-knowledge proof.
The proof asserts that the spent notes exist, that she is authorized to spend them, and that incoming and outgoing amounts balance—without revealing which notes or how much they contain.
Independent indexer software watches the chain, checks each proof, and rejects reused nullifiers.
Anyone can rerun the same checks from published history.
No indexer, miner, or observer can spend another user’s notes.
Spending authority stays with the user’s spending key.
Separate viewing keys can detect incoming payments or recover outgoing history, which allows selective disclosure to an accountant or counterparty without handing over the ability to move funds.
What remains public is limited but real.
Outsiders can see that a shielded transfer happened, when it happened, how many notes were consumed and created, the fee, and the carrier Bitcoin transaction.
They cannot see amounts, the shielded sender and recipient, or which prior notes were spent.
The team is clear that a recognizable wallet paying the publication fee can still leak who posted the envelope.
The authors contrast the design with CoinJoin, PayJoin, and Silent Payments, which still leave amounts and much of the transaction graph visible, and with Zcash itself, which runs its own chain.
They also distinguish it from client-side-validation systems that keep proofs off-chain and risk loss of private data.
Shielded Bitcoin publishes enough on Bitcoin that a wallet can later reconstruct state from its keys and the public history.Important work remains unfinished.
Peg-in and peg-out—moving ordinary bitcoin into the private pool and back out—are reserved for a companion paper based on the group’s PIPEs research, which uses witness encryption so that no operator ever holds user funds. The current paper does not claim that entry and exit will be private.
Other caveats include a trusted setup for the Groth16 proofs used in the reference profile, a larger on-chain footprint (on the order of four times a typical payment), and the usual anonymity-set limits: unusual amounts, timing, and thin usage can still shrink privacy.
The proposal is research, not a live product. If it holds up under review, it would let users keep bitcoin’s settlement and security while moving value with far less public metadata—without a soft fork, federation, or bridge operator.
Recent analysis from the Motley Fool suggests that cryptocurrencies such as Hyperliquid and Venice Token might surpass Bitcoin in market value within five years if they maintain their current growth trajectories. Hyperliquid, currently priced at $93 with a market cap between $20.7 billion and $23.3 billion, is significantly smaller than Bitcoin, which is valued at $84,000 with a market cap near $1.69 trillion. Venice Token is also trailing with a price of $30 and a market cap of about $1.46 billion. Despite this disparity, the rapid growth of these altcoins highlights their potential to gain substantial market share in the broader cryptocurrency market.
Key Takeaways Market pricing suggests that Hyperliquid has potential for growth, with an 82.5% YES probability of reaching $100 by the end of 2026. The current market dynamics for Hyperliquid are consistent with scenarios in which it could achieve a significant increase in value relative to Bitcoin. Despite the optimistic outlook for Hyperliquid, its market cap remains far below Bitcoin’s, indicating a substantial gap to bridge for it to surpass Bitcoin in value. What to Watch Watch for upcoming developments such as Hyperliquid’s potential partnerships or technological advancements, which could be supportive of higher valuations. Additionally, institutional interest and regulatory developments surrounding these cryptocurrencies could impact their growth trajectories. Monitoring Bitcoin’s performance and the competitive landscape among altcoins will also be crucial in assessing future market shifts.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 82.5% — — View market → January 1 2027 3% — — View market → January 1 2027 2.4% — — View market → January 1 2027 2.9% — — View market → January 1 2027 2.4% — — View market → January 1 2027 6.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 6% — — View market → January 1 2027 10.5% — — View market → January 1 2027 12% — — View market →
Strategy founder Michael Saylor has once again shared updates on the firm’s Bitcoin tracker, stating, “Even more orange.” Per past patterns, the orange dots on the tracker represent Strategy’s Bitcoin purchase records, so this move may signal the company will increase its BTC holdings. Strategy typically discloses changes to its Bitcoin holdings the day after such announcements.
Relevant content
Strive’s CEO, following in Michael Saylor’s footsteps, hinted in a post that he may add to his Bitcoin holdings next week.
Matt Cole, CEO of Bitcoin treasury firm Strive, posted the message “Turn amplification up some more,” hinting that the company will increase its Bitcoin holdings next week. The move follows the practice of Michael Saylor, founder of Strategy, the world’s largest Bitcoin treasury company. Both firms have a pattern of posting hints about Bitcoin purchases on Sundays, then announcing the exact size of the holdings addition on the following Monday. Earlier on September 21, Strive’s Cole disclosed that the firm bought 1,355 BTC for $107.7 million, at an average cost of $79,475 per coin, bringing its total BTC holdings to 26,355.
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Trump is expected to hold more talks with Iran, with new discussions possibly kicking off as early as Monday.
According to Axios, one day after rejecting Iran’s proposal to end the war, U.S. President Donald Trump said he expects U.S. negotiators to hold more talks with Iran this week. Qatar and other regional mediators are attempting to restart U.S.-Iran negotiations, but the two sides have major differences on key issues. While Iran wants to focus talks on the Strait of Hormuz and U.S. maritime blockades, the Trump administration is demanding Iran make concessions on the nuclear issue. Two regional sources confirmed Trump’s remarks about more talks this week. They anticipate a new round of indirect dialogue between the U.S. and Iran as early as Monday, though it remains unclear whether the two sides can bridge their gaps. Trump stated: “I expect we will have more talks with Iran this week. They want to reach an agreement, but that’s not the agreement I want to make. That’s probably an agreement we would have agreed to a year ago. They misjudged the situation and are asking too much.”
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Analysis: U.S. Treasury yields have surged to near 20-year highs, yet U.S. stocks have remained resilient amid headwinds, with AI serving as a key pillar of support.
Despite the U.S. 10-year Treasury yield climbing to a nearly 20-year high, U.S. stocks have remained resilient, with the S&P 500 index seeing no notable impact. This divergence has prompted investors to re-examine the historical relationship between surging bond yields and stock market performance. Historical experience shows that rising yields do not necessarily trigger stock market declines. In 1994, the Federal Reserve’s rate hikes triggered a bond market sell-off, pushing the S&P 500 down roughly 8% at one point, before the index clawed back losses as the economy and corporate earnings held up. In 2016, markets viewed rising yields as a sign of economic recovery and policy normalization, leading U.S. stocks to rise in tandem with Treasury yields. By contrast, the Fed’s aggressive rate hikes in 2022 weighed on both bond and stock markets, resulting in a sharp drop for the S&P 500. In 2026, U.S. stocks are facing a similar scenario of rising yields paired with resilient economic growth. Large-scale investments in AI infrastructure by tech firms are supporting the economy and stock market, while a U.S.-Iran deal that could push oil prices lower may also ease inflationary pressures. However, bearish views argue that the Fed may need to keep raising rates until stocks and broader financial conditions are sufficiently tightened. Bank of America interest rate strategist Meghan Swiber noted that current strong performance in stocks and other risk assets has not yet sent the Fed a clear signal that demand is slowing.
1 hours ago
Viewpoint: After Bitcoin broke through $86,000, supply above this level is thin, leaving only a 23% upside potential to $125,000.
Bitfinex released a graphic analysis noting that if Bitcoin breaks through $86,000, market supply above that level will drop sharply, leaving only approximately 23% of upside to reach $125,000. Over 1 million BTC are currently concentrated in the $84,000–$86,000 range, forming a key short-term resistance level. Separately, Bitcoin spot ETFs have recorded a cumulative net inflow of around $2.98 billion over the past seven trading sessions, as the market gradually absorbs this supply pressure. If BTC closes above $87,400 and ETF inflows persist, it will indicate that buyers have successfully absorbed current selling pressure, and the overhead supply wall may subsequently weaken.
1 hours ago
Vitalik releases original novel *Snowmoon* under the GPL v3 open source license.
Ethereum co-founder Vitalik Buterin announced in a post today that his original speculative sci-fi novel *Snowmoon* (《雪月》) is complete, spanning 32 chapters. Set in a world deeply reliant on cryptography and decentralized governance, the story focuses on ideological clashes between societies including Veridia and the Arctic Empire, integrating elements such as zero-knowledge proofs, quadratic voting, privacy technologies, and content-oriented tax mechanisms, while touching on mechanism design and digital sovereignty—topics Buterin has long prioritized. The novel is released under the GPL v3 license. Buterin noted that adaptations into films, animations, and other derivative works are permitted, though he requires open-sourcing of related production pipelines, including non-generic materials like AI prompts and scripts. He clarified that all text was written by himself, with AI only assisting in spelling and grammar checks, setting consistency verification, and web formatting, adding the note: “Snowmoon was written with love.”
1 hours ago
A US official: Iran’s bet that the midterm elections would weaken Trump’s bargaining chips is a miscalculation.
According to Fox News, a Trump administration official stated that Iran is miscalculating if it believes rising prices and the midterm elections will weaken U.S. President Donald Trump’s leverage in negotiations to end the nearly seven-month conflict. Although no breakthrough was announced after the three-hour talks this week, the U.S. government remains confident that growing economic pressure will push Iran to reach an agreement. Tommy Pigott, the State Department’s chief deputy spokesperson, said President Trump holds all the cards.
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Bitfinex published a graphic analysis noting that Bitcoin’s current macro headwinds are primarily transmitted via oil prices, with oil’s trajectory hinging on the progress of U.S.-Iran negotiations over the Strait of Hormuz. Last week’s breakthrough in the talks pushed crude prices down, easing inflationary pressure and in turn lessening the strain on risk assets from a stronger U.S. dollar and elevated U.S. Treasury yields. If negotiations stall, crude oil prices could rebound, intensifying market pressure through inflation, U.S. dollar, and bond yield channels. Thus, the current market needs to focus not only on Federal Reserve policy but also closely track developments in U.S.-Iran talks.
Bitcoin has been climbing steadily since July, but one chart analyst thinks October could finally bring the pullback traders have been waiting for. After a rally that began in July and has continued through late September, a technical analyst says Bitcoin may be due for a healthier cooling-off period, and October could be the month it shows up. He’s not predicting a crash, just a normal pause after months of steady gains.
Level To Watch
The analyst is watching one support zone closely, around $82,900 to $83,000. As long as Bitcoin holds above this level, the short-term uptrend stays intact and there’s still room for another push higher, potentially toward $88,600 to $92,200. A brief dip below the line wouldn’t necessarily flip the picture bearish, but a clear, sustained break below it would be the first real warning sign.
What A Deeper Pullback Could Look Like
If Bitcoin does break down further, the next levels to watch are $81,600, then the 50-week average currently sitting near $78,700, and finally a deeper zone between $63,326 and $74,800 if selling really picks up. Importantly, the analyst said these lower levels aren’t targets, they’re simply areas he’d expect buyers to step back in if a real pullback unfolds.
Why This Isn’t Necessarily Bad News
The analyst pointed out that a pause in Bitcoin’s rally could actually be good for altcoins. He said that whenever Bitcoin trades sideways instead of surging, altcoins often get their moment to shine, something already playing out in recent weeks.
Despite flagging October as a period of possible weakness, the analyst was clear he hasn’t called a top. Bitcoin’s short-term trend has remained bullish since July, and another fresh high before any pullback is still very much on the table. His approach is to stay flexible and update his outlook as new price signals emerge, rather than locking into one fixed prediction and ignoring what the market shows next.
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US Bitcoin holdings have become a focal point in ongoing discussions about the cryptocurrency’s role in global finance. Alexandre Laizet, CEO of Capital B, a company recognized as the largest Bitcoin treasury firm in Europe, stated that the US government considers Bitcoin one asset it will not sell from its reserves under any circumstances.
US government’s approach signals Bitcoin’s lasting roleLaizet outlined this perspective at BTC Prague, emphasizing the significance of Washington’s position. He linked the government’s stance to a broader acceptance of Bitcoin by major financial institutions and large corporations, describing it as a sign of Bitcoin’s strengthening status as a scarce, non-sovereign store of value.
He said, “The statement that the US government has identified Bitcoin as the one asset it will not sell is incredibly significant.” Laizet described this view as influencing Capital B’s own treasury approach, linking government policy to the strategy of acquiring and holding Bitcoin indefinitely.
Capital B commits to rapidly acquiring Bitcoin, with Laizet explaining that the company will “acquire as much Bitcoin as possible, as quickly as possible, and hold it indefinitely.” He noted that a growing number of global enterprises now seek to integrate Bitcoin into their financial strategies, moving beyond mere speculation toward lasting adoption.
Laizet described the US policy as establishing Bitcoin’s role as a long-term, non-sovereign store of value, encouraging companies to see it as a strategic reserve asset rather than a purely speculative instrument.
Public corporations and Bitcoin accumulation strategiesLaizet pointed out that most of the world’s capital remains concentrated in traditional securities markets. According to him, nearly all global wealth is confined to equities and debt products, with Bitcoin offering a unique model for diversification and growth.
He explained that publicly listed companies such as Capital B leverage this structure by issuing shares and debt to raise capital, which is then used to buy more Bitcoin and expand the company’s holdings. This “Bitcoin accumulation machine” links shareholder value directly to the amount of Bitcoin in the treasury.
Laizet suggested that with every round of financing, public firms can tap into established capital markets to boost their cryptocurrency exposures. He said this approach turns traditional corporate financing into an engine for Bitcoin growth and underpins new forms of value creation within digital capital markets.
MethodApplication by Capital BEquity offeringRaises funds via stock sales for buying BitcoinDebt issuanceIssues bonds or loans to finance Bitcoin acquisitionMini dictionary: Capital B — A Europe-based financial firm specializing in building corporate Bitcoin treasuries, focusing on accumulative, long-term strategies.
Bitcoin-backed credit and digital finance expansionPanelists at BTC Prague, including leaders from companies such as XCE Connecting Excellence Group, explored new possibilities for using Bitcoin in corporate performance incentives and as foundation collateral for emerging digital assets. The Bit Credit Protocol, for example, seeks to enable Bitcoin-backed currencies that function independently from traditional fiat systems.
Panel participants noted that Bitcoin’s fixed and limited supply makes it an attractive instrument for digital capital markets, especially as institutions move toward tokenization and asset-backed lending. They discussed the potential for Bitcoin-backed credit to eventually exceed Bitcoin’s own market value, highlighting an anticipated shift in how digital capital markets operate.
Laizet’s comments about the US government’s refusal to sell its Bitcoin holdings were echoed, with speakers describing this approach as reinforcing confidence in Bitcoin’s long-term role as a strategic reserve asset for both public and private entities.
Panelists acknowledged that while Bitcoin continues to exhibit speculative behavior at this stage, volatility may decrease as institutional involvement increases, and encouraged more firms to begin strategic Bitcoin allocations rather than remaining on the sidelines.
Bitcoin logged a robust rally since the start of August, climbing from $63,000 to a recent peak of nearly $87,000 before easing back to around $84,600. The cryptocurrency currently remains well above both its short-term and long-term moving averages, reflecting an ongoing upward momentum with few setbacks in recent weeks.
Dollar index rebounds alongside BitcoinAt the same time, the US dollar index (DXY) also showed notable gains, recovering from lows near 98.40 in early September and currently trading above 101.00. This marks a reversal for the index, which had seen declining values through the summer after reaching highs near 101.6 in July.
Recent sessions have witnessed simultaneous strength in both the US dollar and Bitcoin. This concurrent movement stands out, as both Bitcoin and gold are often seen as protective assets during periods of dollar weakness, especially in anticipation of monetary policy shifts or concerns about fiscal stability.
The traditional view has positioned Bitcoin as inversely correlated with the dollar, but the current rally in both suggests that other factors could be at play. Analysts have pointed to increased risk appetite, institutional buying, and Bitcoin-specific catalysts as contributing to this unusual alignment.
Still, some market observers caution against drawing broad conclusions from a single episode of overlapping rallies. They note that short-term positive correlations have periodically appeared in cryptocurrency history, but these periods have not generally altered the longer-term inverse relationship.
Across extended cycles, the relationship between Bitcoin and the dollar index has repeatedly alternated between episodes of weakening and strengthening correlation, with the overall trend typically being inverse. Previous brief periods of positive correlation have eventually faded, allowing the historic pattern to return.
A continued parallel rise between Bitcoin and the dollar index in the coming weeks would be notable. If the dollar continues its ascent while Bitcoin either retains its gains or enters a correction, analysts suggest this may signal a more significant shift in market dynamics.
Recent concurrent rallies in both Bitcoin and the US dollar index have prompted some analysts to suggest that institutional flows and unique Bitcoin-specific events may be temporarily outweighing the traditional inverse correlation between these markets.
Focus on macro catalysts aheadLooking forward, traders and investors are expected to closely track macroeconomic developments such as Federal Reserve commentary, key inflation releases, and shifts in global market sentiment. These factors will likely provide further clues as to whether Bitcoin’s current ascent can persist independently of the dollar’s trajectory or whether the longer-term correlation will reemerge.
The outcome of upcoming economic data and central bank signals could play a decisive role in determining the durability of Bitcoin’s rally during a period of dollar strength.
AssetStart of AugustRecent PeakCurrent LevelBitcoin$63,000$87,000$84,600US Dollar Index (DXY)98.40101.6101.00+
Capital B is converting traditional capital-market funding into direct Bitcoin purchases, including through ATM equity issuance. The U.S. reserve primarily changes potential sell-side supply because its initial BTC came from government forfeitures rather than market purchases. Corporate BTC can look structurally scarce until financing conditions change, making dilution, conversion terms and refinancing risk part of Bitcoin’s supply story. Bitcoin’s supply cap has not changed. The financing structures competing for that supply have.
Capital B is using equity and convertible instruments to build a Bitcoin treasury. The U.S. government has placed forfeited BTC into a strategic reserve governed by a no-sale policy. Coinbase CEO Brian Armstrong continues to argue that Bitcoin could reach $400,000 by 2030 as institutional adoption expands.
These developments are often grouped together as institutional adoption, but their market mechanics are different. A corporate treasury creates new demand when it raises capital and buys BTC. A government reserve can restrict potential supply without purchasing coins on the open market. Meanwhile, derivatives allow investors to create large amounts of Bitcoin exposure without permanently absorbing the underlying asset.
The question is no longer simply who owns Bitcoin, but how those holdings are financed and what could eventually bring them back onto the market.
Capital B Is Turning Securities Into Bitcoin Capital B CEO Alexandre Laizet sees listed companies as a bridge between BTC and investors whose capital largely remains inside conventional securities markets.
Capital B’s own financing history shows how that bridge works.
The Euronext Growth Paris-listed company reported 3,525 BTC in strategic holdings as of September 14, acquired for approximately €309.7 million at an average cost of €87,854 per BTC. Its latest four-Bitcoin purchase followed a €250,000 capital increase under an ATM-type agreement with TOBAM.
A much larger transaction one week earlier provides a clearer example. Capital B raised €1.44 million through its ATM program and another €28.7 million through a private placement with warrants, then acquired 376 BTC for €25.3 million.
The company’s financing has not been limited to common equity. Capital B reported raising €127.2 million through equity operations and €151.1 million through Bitcoin-denominated convertible bonds during 2025. It has also renewed a €300 million ATM-type program with TOBAM.
That makes the treasury strategy partly a capital-markets trade.
An investor can buy or subscribe to a conventional security while Capital B ultimately converts part of the proceeds into BTC. Bitcoin demand is generated downstream from activity occurring in equity and debt markets.
ATM Equity and Convertibles Carry Different Risks Those funding mechanisms behave differently when markets turn.
An ATM program allows a company to issue new shares progressively rather than raising all of its capital in one transaction. It can be attractive when the company’s stock trades at valuations that make issuing equity economically favorable.
The cost is dilution.
Capital B’s September 14 disclosure shows 38.29 million issued shares and 47.84 million shares on a fully diluted basis. The company explicitly measures its strategy partly by BTC per fully diluted share, making dilution central to whether additional Bitcoin purchases actually improve the exposure of existing shareholders. actusnews.com
Convertible debt creates another set of trade-offs.
A convertible bond can become equity when its conversion conditions are attractive. If the share price does not support conversion, however, the instrument retains characteristics of debt rather than automatically disappearing into the equity base. Depending on the specific bond terms, that can leave the issuer facing repayment, refinancing or other contractual obligations.
Capital B has already adjusted conversion prices on some of its instruments. In May, for example, it reduced the conversion price of convertible bonds subscribed by Adam Back from €5.174 to €2.59 per share and amended the instruments to include warrants upon conversion.
Other convertibles have converted into equity. In August, 14.2 million OCA B-01 instruments held by Blockstream Capital Partners were converted into roughly 28.7 million ordinary shares.
This is where the corporate Bitcoin scarcity thesis becomes more complicated. BTC itself has no maturity date, but the securities used to finance its acquisition can carry conversion terms, dilution or refinancing requirements.
Washington Removes Supply Without Becoming the Same Kind of Buyer The U.S. Strategic Bitcoin Reserve operates through a different mechanism.
President Donald Trump’s March 2025 executive order capitalized the reserve with Bitcoin already owned by the Treasury following completed criminal or civil forfeitures. It states that BTC deposited into the reserve shall not be sold and should be maintained as a U.S. reserve asset, subject to applicable law and specified exceptions.
Treasury and Commerce were also directed to develop strategies for acquiring additional Bitcoin, but only when those methods are budget-neutral and impose no incremental cost on taxpayers. The administration’s subsequent digital-assets report reiterated that framework.
There is therefore an important difference between Washington and a treasury company such as Capital B.
Capital B can raise capital and enter the market to acquire BTC. The federal reserve began primarily by changing the treatment of Bitcoin the government already controlled.
One creates active demand. The other can reduce a source of potential future selling.
Armstrong’s $400,000 Call Is a Different Bet Coinbase CEO Brian Armstrong has put a much larger number on Bitcoin’s potential destination.
Armstrong said this month that $400,000 by 2030 remains a “reasonable target,” while arguing that Bitcoin may have already passed the bottom of its latest cycle. He pointed to Bitcoin’s historical cycle behavior and longer-term adoption as part of his reasoning.
The forecast remains just that: a forecast.
It is more useful here because of what such a scenario would require from Bitcoin’s market structure. Sustained institutional demand would have to compete with coins held by investors, companies and potentially governments that have increasingly different incentives to sell.
That is a different proposition from simply assuming every institutional Bitcoin holding is permanently removed from circulation.
$55.26 Billion in Open Interest Shows the Other Side At the time of writing Bitcoin it trading at $84,750.52 on September 27, up 0.38% on the day. The asset had recently climbed above $86,000 after trading around $76,000 earlier in the month.
Bitcoin holds near $84,750 after retreating from a late-September high above $86,000. Source: TradingView Daily Chart The derivatives market surrounding that spot price remains substantial.
Coinglass data from September 27 shows Bitcoin open interest of approximately 651,500 BTC, worth $55.26 billion. Open interest was 0.49% higher over 24 hours.
That exposure behaves very differently from BTC held in a corporate treasury or government reserve.
Futures positions can expand without an equivalent quantity of Bitcoin being permanently removed from liquid supply. Leverage can also unwind quickly, making derivatives a source of short-term price pressure even when some underlying BTC is held with a much longer time horizon.
The market therefore contains two different forms of scarcity at once: Bitcoin’s fixed protocol-level supply and the smaller, constantly changing amount holders are actually prepared to sell.
The Weak Point in the Scarcity Trade Is the Balance Sheet Treating every corporate Bitcoin as permanently locked away misses the financing behind it.
A company issuing shares to acquire BTC can continue doing so while investors are willing to absorb the dilution and the economics remain attractive. A convertible-funded strategy depends on another set of variables, including the issuer’s share price, conversion terms, maturity structure and ability to refinance.
A severe Bitcoin bear market can pressure both sides simultaneously.
BTC can fall below a company’s acquisition cost while its stock loses the valuation premium that previously made new equity issuance attractive. Convertibles that investors were once willing to exchange for shares may remain outstanding instead, depending on their terms. Refinancing can also become more expensive precisely when the value of the company’s principal treasury asset has declined.
None of those outcomes automatically forces a Bitcoin sale. They do mean that corporate BTC is only as structurally illiquid as the balance sheet holding it allows.
Capital B’s disclosures make this especially visible because the company reports both its Bitcoin holdings and fully diluted share count. Its stated objective is not simply to own more BTC, but to increase Bitcoin per fully diluted share over time.
That is a harder test than accumulation alone.
Not Every Bitcoin on a Balance Sheet Is Equally Scarce Bitcoin’s 21 million cap describes maximum supply. It says much less about the quantity actually available for sale at a given price.
A forfeited Bitcoin governed by a federal reserve policy has different sell incentives from BTC purchased with newly issued corporate shares. Bitcoin financed through convertible securities introduces another set of obligations. Futures exposure can change again without removing the equivalent amount of spot BTC from circulation.
That is why simply counting institutional holdings can obscure more than it reveals.
The more useful measure is the financing and mandate behind those holdings.
Capital B shows how securities markets can generate new spot demand. The Strategic Bitcoin Reserve shows how government policy can alter potential supply. The $55.26 billion derivatives market shows how large amounts of financial exposure can accumulate without producing the same scarcity effect.
At $84,750, Bitcoin’s next scarcity trade is therefore not just about how many coins remain.
It is about who controls them, what financed their purchase and what would have to happen before those holders become sellers.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
Bitfinex released a graphic analysis noting that if Bitcoin breaks through $86,000, market supply above that level will drop sharply, leaving only approximately 23% of upside to reach $125,000. Over 1 million BTC are currently concentrated in the $84,000–$86,000 range, forming a key short-term resistance level. Separately, Bitcoin spot ETFs have recorded a cumulative net inflow of around $2.98 billion over the past seven trading sessions, as the market gradually absorbs this supply pressure. If BTC closes above $87,400 and ETF inflows persist, it will indicate that buyers have successfully absorbed current selling pressure, and the overhead supply wall may subsequently weaken.
In brief A quantum computer could someday derive private keys from exposed public keys and drain Bitcoin wallets—the hypothetical "Q-Day"—though no such machine exists and timelines vary widely. Fixes fall into three buckets, all in the news this week: quantum-safe transactions under current rules, protocol upgrades like a soft fork, and custody-layer defenses. Nothing shipped this week makes Bitcoin quantum-safe on its own; the field is driving down defense costs while measuring how fast the threat is closing. Every few months, a fresh headline warns that quantum computers could one day crack Bitcoin. This week brought three at once—a cost breakthrough, a new privacy design, and a custody playbook—which makes it a good moment to separate the real threat from the noise.
First, the problem—and it’s a very real one. Bitcoin secures wallets using elliptic-curve cryptography, the math that links a private key to a public one. A sufficiently powerful quantum computer running Shor's algorithm could, in theory, derive a private key from an exposed public key, forge a signature and drain the wallet.
Myriad: How high will Bitcoin go? Click to make your prediction.The industry calls the hypothetical arrival of such a machine "Q-Day." No such computer exists today, and estimates for when one might range widely—but the timelines keep compressing, which is why preparation has accelerated.
The fixes fall into three buckets, and this week produced news on each.
The first is making quantum-resistant transactions work under Bitcoin's current rules. StarkWare, which mined the first quantum-safe Bitcoin transaction on mainnet last month, said an open competition—with AI models topping the leaderboards—cut the estimated cost of building one from about $320 to roughly $67 in a single week.
That's only a workaround, by the company’s own admission. The transactions are nonstandard and only protect coins whose public key hasn't already been exposed. StarkWare still considers a soft fork the better long-term answer.
The second is the protocol-upgrade path—changing Bitcoin itself to adopt post-quantum signatures. That's the durable fix, but Bitcoin's decentralized governance means such upgrades take years to design, test and deploy, and the community has only recently begun engaging with it in earnest.
The third is defense at the custody layer. This week, Coinbase's head of cryptography laid out how the exchange, which safeguards roughly $250 billion in assets, is building post-quantum custody designed to adapt to whatever signature scheme Bitcoin eventually adopts—including a hardware fallback if the chosen standard proves incompatible with the key-splitting techniques custodians rely on today.
A related thread runs alongside all this: privacy. The same cryptographic machinery being marshaled against quantum threats overlaps with efforts to make Bitcoin more private, and researchers this week published a separate "Zcash-style" design for shielded Bitcoin transfers.
The bottom line is that Q-Day remains hypothetical and likely years away, and nothing shipped this week makes Bitcoin quantum-safe on its own. What the week showed is a field moving from theory to logistics—driving down what defense costs while measuring how fast the threat is closing.
Whatever the real gap is between those two numbers is how much time the crypto industry has to prepare.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief A quantum computer could someday derive private keys from exposed public keys and drain Bitcoin wallets—the hypothetical "Q-Day"—though no such machine exists and timelines vary widely. Fixes fall into three buckets, all in the news this week: quantum-safe transactions under current rules, protocol upgrades like a soft fork, and custody-layer defenses. Nothing shipped this week makes Bitcoin quantum-safe on its own; the field is driving down defense costs while measuring how fast the threat is closing. Every few months, a fresh headline warns that quantum computers could one day crack Bitcoin. This week brought three at once—a cost breakthrough, a new privacy design, and a custody playbook—which makes it a good moment to separate the real threat from the noise.
First, the problem—and it’s a very real one. Bitcoin secures wallets using elliptic-curve cryptography, the math that links a private key to a public one. A sufficiently powerful quantum computer running Shor's algorithm could, in theory, derive a private key from an exposed public key, forge a signature and drain the wallet.
Myriad: How high will Bitcoin go? Click to make your prediction.The industry calls the hypothetical arrival of such a machine "Q-Day." No such computer exists today, and estimates for when one might range widely—but the timelines keep compressing, which is why preparation has accelerated.
The fixes fall into three buckets, and this week produced news on each.
The first is making quantum-resistant transactions work under Bitcoin's current rules. StarkWare, which mined the first quantum-safe Bitcoin transaction on mainnet last month, said an open competition—with AI models topping the leaderboards—cut the estimated cost of building one from about $320 to roughly $67 in a single week.
That's only a workaround, by the company’s own admission. The transactions are nonstandard and only protect coins whose public key hasn't already been exposed. StarkWare still considers a soft fork the better long-term answer.
The second is the protocol-upgrade path—changing Bitcoin itself to adopt post-quantum signatures. That's the durable fix, but Bitcoin's decentralized governance means such upgrades take years to design, test and deploy, and the community has only recently begun engaging with it in earnest.
The third is defense at the custody layer. This week, Coinbase's head of cryptography laid out how the exchange, which safeguards roughly $250 billion in assets, is building post-quantum custody designed to adapt to whatever signature scheme Bitcoin eventually adopts—including a hardware fallback if the chosen standard proves incompatible with the key-splitting techniques custodians rely on today.
A related thread runs alongside all this: privacy. The same cryptographic machinery being marshaled against quantum threats overlaps with efforts to make Bitcoin more private, and researchers this week published a separate "Zcash-style" design for shielded Bitcoin transfers.
The bottom line is that Q-Day remains hypothetical and likely years away, and nothing shipped this week makes Bitcoin quantum-safe on its own. What the week showed is a field moving from theory to logistics—driving down what defense costs while measuring how fast the threat is closing.
Whatever the real gap is between those two numbers is how much time the crypto industry has to prepare.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Trump is expected to hold more talks with Iran, with new discussions possibly kicking off as early as Monday.
According to Axios, one day after rejecting Iran’s proposal to end the war, U.S. President Donald Trump said he expects U.S. negotiators to hold more talks with Iran this week. Qatar and other regional mediators are attempting to restart U.S.-Iran negotiations, but the two sides have major differences on key issues. While Iran wants to focus talks on the Strait of Hormuz and U.S. maritime blockades, the Trump administration is demanding Iran make concessions on the nuclear issue. Two regional sources confirmed Trump’s remarks about more talks this week. They anticipate a new round of indirect dialogue between the U.S. and Iran as early as Monday, though it remains unclear whether the two sides can bridge their gaps. Trump stated: “I expect we will have more talks with Iran this week. They want to reach an agreement, but that’s not the agreement I want to make. That’s probably an agreement we would have agreed to a year ago. They misjudged the situation and are asking too much.”
1 hours ago
Analysis: U.S. Treasury yields have surged to near 20-year highs, yet U.S. stocks have remained resilient amid headwinds, with AI serving as a key pillar of support.
Despite the U.S. 10-year Treasury yield climbing to a nearly 20-year high, U.S. stocks have remained resilient, with the S&P 500 index seeing no notable impact. This divergence has prompted investors to re-examine the historical relationship between surging bond yields and stock market performance. Historical experience shows that rising yields do not necessarily trigger stock market declines. In 1994, the Federal Reserve’s rate hikes triggered a bond market sell-off, pushing the S&P 500 down roughly 8% at one point, before the index clawed back losses as the economy and corporate earnings held up. In 2016, markets viewed rising yields as a sign of economic recovery and policy normalization, leading U.S. stocks to rise in tandem with Treasury yields. By contrast, the Fed’s aggressive rate hikes in 2022 weighed on both bond and stock markets, resulting in a sharp drop for the S&P 500. In 2026, U.S. stocks are facing a similar scenario of rising yields paired with resilient economic growth. Large-scale investments in AI infrastructure by tech firms are supporting the economy and stock market, while a U.S.-Iran deal that could push oil prices lower may also ease inflationary pressures. However, bearish views argue that the Fed may need to keep raising rates until stocks and broader financial conditions are sufficiently tightened. Bank of America interest rate strategist Meghan Swiber noted that current strong performance in stocks and other risk assets has not yet sent the Fed a clear signal that demand is slowing.
1 hours ago
Viewpoint: After Bitcoin broke through $86,000, supply above this level is thin, leaving only a 23% upside potential to $125,000.
Bitfinex released a graphic analysis noting that if Bitcoin breaks through $86,000, market supply above that level will drop sharply, leaving only approximately 23% of upside to reach $125,000. Over 1 million BTC are currently concentrated in the $84,000–$86,000 range, forming a key short-term resistance level. Separately, Bitcoin spot ETFs have recorded a cumulative net inflow of around $2.98 billion over the past seven trading sessions, as the market gradually absorbs this supply pressure. If BTC closes above $87,400 and ETF inflows persist, it will indicate that buyers have successfully absorbed current selling pressure, and the overhead supply wall may subsequently weaken.
1 hours ago
Vitalik releases original novel *Snowmoon* under the GPL v3 open source license.
Ethereum co-founder Vitalik Buterin announced in a post today that his original speculative sci-fi novel *Snowmoon* (《雪月》) is complete, spanning 32 chapters. Set in a world deeply reliant on cryptography and decentralized governance, the story focuses on ideological clashes between societies including Veridia and the Arctic Empire, integrating elements such as zero-knowledge proofs, quadratic voting, privacy technologies, and content-oriented tax mechanisms, while touching on mechanism design and digital sovereignty—topics Buterin has long prioritized. The novel is released under the GPL v3 license. Buterin noted that adaptations into films, animations, and other derivative works are permitted, though he requires open-sourcing of related production pipelines, including non-generic materials like AI prompts and scripts. He clarified that all text was written by himself, with AI only assisting in spelling and grammar checks, setting consistency verification, and web formatting, adding the note: “Snowmoon was written with love.”
1 hours ago
A US official: Iran’s bet that the midterm elections would weaken Trump’s bargaining chips is a miscalculation.
According to Fox News, a Trump administration official stated that Iran is miscalculating if it believes rising prices and the midterm elections will weaken U.S. President Donald Trump’s leverage in negotiations to end the nearly seven-month conflict. Although no breakthrough was announced after the three-hour talks this week, the U.S. government remains confident that growing economic pressure will push Iran to reach an agreement. Tommy Pigott, the State Department’s chief deputy spokesperson, said President Trump holds all the cards.
1 hours ago
Serial rug pull group spotted on Robinhood Chain: 53 token launches in two months, suspected of siphoning $18.43 million.
On-chain analyst Wazz published a post revealing a large-scale suspected series of rug pulls and fund withdrawals on the Robinhood chain, linked to at least 53 token launches over the past two months. The total amount of funds directly involved so far stands at $18.43 million, with the actual scale likely higher. Wazz noted a clear correlation in fund flows between these projects: proceeds from one project are typically used to fund the key wallets of the next project just seconds later. Almost all projects were front-run at launch, seizing over 70% of the total token supply, and bundled through 70 to 200 wallets, with most issued via Pons V2. He also discovered that some projects even conduct "fake launches" first, attracting funds in advance through preheating and hype before disclosing the actual contract address to further increase the amount of funds siphoned off. CRUMBS is the project with the highest amount of funds siphoned off in the ongoing investigation, totaling approximately $3.12 million.
The crypto market is heading toward the end of Q3 with performance that stands in stark contrast to its historically sluggish summer season. BTC USD is on course for one of its strongest third-quarter performances on record, while Ethereum has already surpassed its previous quarterly benchmark.
Bitcoin has climbed from around $58,500 at the start of July to about $84,000, a gain of roughly 43.5%. If BTC holds those levels through the end of September, Q3 2026 would rank as its second-best third-quarter performance ever, surpassed only by 2017, when Bitcoin surged about 80.4%.
Ethereum has performed even more strongly. ETH has gained around 71% during the third quarter, comfortably exceeding its previous Q3 record of approximately 66.5%, set in 2025.
If Ethereum holds its current levels through the end of September, Q3 2026 will mark the cryptocurrency’s strongest third-quarter performance on record.
(SOURCE: CoinGlass)
Bullish ETF Inflows Adding Support to the BTC USD Rally Bitcoin’s recent surge has been supported by a resurgence in institutional demand. According to CoinGlass data, U.S. spot Bitcoin exchange-traded funds (ETFs) attracted approximately $2.39Bn in net inflows from September 21 to September 24 alone. Notably, September 21 was the strongest day of this period, with net inflows reaching $999M.
This is significant for understanding the current market movement. The rally is being bolstered not only by activity in the derivatives markets but also by capital flowing through ETFs and increased spot-market demand.
Another challenge for the market came with the major quarterly options expiry on September 25. As previously reported, the total notional value of expiring Bitcoin and Ethereum options neared $18Bn, with about $16Bn tied to Bitcoin. Despite the potential for increased volatility, Bitcoin remained stable around the mid-$80,000 range.
(SOURCE: CoinGlass)
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Bitcoin Enters Q4 in Great Shape, But Serious Resistance Lays Ahead Following a strong third quarter, attention is gradually turning to potential levels that could limit the next phase of recovery. The next significant resistance zone is expected to be around $98,000 to $100,000.
However, a robust third quarter does not guarantee that the rally will continue. The key question is whether buyers can keep absorbing supply after BTC USD has risen over +40% and Ethereum (ETH) has gained more than +70% this quarter.
Historically, the fourth quarter has been stronger for the crypto market than the third. However, this year, Bitcoin and Ethereum are entering the fourth quarter after already posting substantial gains.
Going forward, price action will likely depend more on the durability of ETF inflows, spot demand, and investor behavior at these elevated price levels.
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This week was a rollercoaster ride for the cryptocurrency market. Bitcoin (CRYPTO: BTC) surged to a multi-month high, Ethereum (CRYPTO: ETH) is evolving beyond a blockchain and the crypto market rallied despite legislative setbacks.
Here’s a quick recap of the top stories.
Bitcoin’s Bullish RunBitcoin surged to a multi-month high of $87,270 on Monday before retreating below $84,000 as US bond yields climbed. Despite this, the retreat seems temporary as Bitcoin has formed strongly bullish chart patterns, and ETF inflows have surged. Spot BTC ETFs had over $134 million in assets on Friday, with BlackRock’s IBIT adding $97 million and Fidelity’s FBTC adding $49 million.
Read the full article here.
Bitcoin’s Rare StreakBitcoin is on track for its first positive August-September combination since at least 2013, a pattern that historically sets up a strong "Uptober." CoinGlass data shows Bitcoin gained 24.95% in August, its third-strongest August since 2013 and best since 2017, crushing the historical August average of 2.82%.
Read the full article here.
Vitalik Buterin, the co-founder of Ethereum, stated that Ethereum is gradually transforming from just a blockchain into a "much bigger" network with multiple layers. Speaking at the 12th Global Blockchain Summit in Shanghai, Buterin expressed optimism about the "huge amount of progress" in the Ethereum world, both at the protocol and application levels.
Read Next
Read the full article here.
Kalshi’s Trading ScrutinyPrediction market platform Kalshi is under scrutiny for facilitating close to a million trades of nearly identical sizes in a single market. Over one-third of Kalshi’s trading volume speculating on the price of Ethereum was rapid trades clustered around the same order size—$5,500, according to a Wall Street Journal analysis.
Read the full article here.
Crypto Market RallyThe cryptocurrency markets staged a broad rally in the week following the Clarity Act’s failure to advance in the U.S. Senate. Several major tokens and crypto-linked stocks posted double-digit gains as regulators moved ahead with industry rules despite the legislative setback.
Read the full article here.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
The third quarter of 2026 is coming to an end and it will go down in crypto history because bitcoin climbs 43.5%, rising from about 58,500 to nearly 84,000 dollars! Its second best Q3 performance, just behind the famous +80.4% of 2017. Ethereum did even better with +71% over the same period, an all-time record for a third quarter, smashing the previous ceiling of +66.5% set in 2025. Two assets, two records and as you will see, this is no calendar coincidence.
In brief Bitcoin records its best Q3 since 2013, with +43.5%, its second-best summer quarterly performance in history. Ethereum breaks its own Q3 record with +71%, driven by strong ETF and spot demand. Bitcoin withstands the September 25 options expiry calmly and targets resistance at 96,700 dollars, the gateway to six figures. The Mechanics Behind Bitcoin and Ethereum’s Extraordinary Q3 As mentioned in the intro, bitcoin gains 43.5% in the Q3 2026, its second-best summer performance in history. A figure is good but understanding why is even better because this rise does not come out of nowhere. The crypto market re-crossed several entry cost thresholds that had previously blocked rebound attempts. Especially since certain factors helped a lot. Notably:
ETF-related demand strengthened; Volume in the spot market increased; Profit-taking remained limited; No wave of massive sales at each peak. Basically, there was calm, almost suspicious for anyone who has been following this market for several cycles. Bitcoin was not the only one present because Ethereum also made its own demonstration with +71% during the quarter, never seen before in a Q3. This performance was also driven by reinforced ETF demand across the crypto ecosystem. This Q3 is therefore the second best ever recorded for BTC, and the best quarter in all ETH history. However, a good quarter does not necessarily make a good cycle.
Performance of bitcoin and ethereum in Q3 2026. BTC Already Aims Higher After the Options Expiry September 25, 2026, was a big test for bitcoin with a quarterly options expiry with a significant volume of contracts. Such events can shake prices within hours… But BTC held firm. No sharp drop for the crypto queen and no cascade liquidations either. However, once this expiry passed, attention now turns higher, with the next major on-chain resistance located around 96,700 dollars.
Crossing this zone would then put bitcoin within reach of the psychological threshold of 100,000 dollars. There are still a few trading days left before the quarter closes, giving BTC and Ethereum room to extend an already extraordinary performance. And this is no coincidence as historically, the fourth quarter is more favorable to the crypto market than the third. A solid summer guarantees nothing for autumn, but it clearly changes the starting point.
Gold-Bitcoin Rotation, a Strong Signal or an Optimistic Bet? On X, the account Mister Crypto revived a theory that resurfaces every cycle which is the gold to Bitcoin rotation. And his argument? Gold’s momentum slows down while BTC’s accelerates, a pattern already observed in 2017 and 2020, just before two marked bullish phases for bitcoin. For him, the largest bull phase in BTC’s history is starting. Tempting isn’t it? But let’s take two seconds to breathe.
This type of chart always works retroactively. You draw circles around historical lows, connect them to the subsequent rise, and you get a pattern that seems clear. Except you never know in advance if you are inside the circle or outside, and two historical repetitions do not make a law of nature. A correlation between gold and bitcoin, as visually appealing as it is, has never been demonstrated as a causal mechanism. What is true, however, is that this narrative is circulating at the right time, when the BTC is already breaking quarterly records and when the appetite for risk seems to be back.
What to Take Away from the BTC and ETH Explosion in Q3 2026? Bitcoin records its second-best Q3 performance in history, with +43.5%, driven by strong ETF demand and limited profit-taking. Ethereum breaks its own Q3 record with +71%, amid strengthened spot and ETF demand. The key resistance to watch for BTC is around 96,700 dollars, the gateway to the psychological threshold of 100,000 dollars. The gold-bitcoin rotation theory resurfaces on social media but remains a retrospective chart reading, not a validated prediction. Q3 2026 will remain a special quarter for the crypto market for bitcoin and ethereum. Now it remains to be seen if Q4 will confirm the trend or if this long-awaited rotation from gold to BTC will once again be just another pretty chart on social media. And what if bitcoin transactions became as confidential as those of Zcash?
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
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Riot Platforms has repaid a $200 million Coinbase loan, releasing 5,821 bitcoin it had locked up as security. At today’s price of about $84,800, those coins are worth roughly $494 million.
Riot, a Nasdaq-listed Bitcoin (BTC) miner, now controls that stack without restriction. It is also spending heavily to turn its Texas sites into artificial intelligence (AI) data centers.
Bitcoin (BTC) Price Performance. Source: BeInCryptoWhat Riot’s Bitcoin-Backed Coinbase Loan Repayment FreedThe loan worked much like a pawn deal. Riot handed Bitcoin, USDC (a dollar-pegged digital token), and cash to Coinbase Custody as security.
Riot cleared the debt and interest on September 21, according to an 8-K filed Friday. An 8-K is a report US-listed companies must file after major events. Coinbase’s claim on the pledged assets ended the same day, and Riot paid no early repayment fee.
The released coins made up just over half of the 11,380 Bitcoin Riot held on June 30. However, the filing does not say how Riot raised the cash or what it plans for the coins.
Why Riot’s Locked Bitcoin Kept ChangingBefore the payoff, only 5,559 of Riot’s coins were free to use, its June quarterly report shows. If its holdings have not changed since, the payoff roughly doubles that pool.
The number of locked coins rose and fell with Bitcoin’s price. When the price drops, each coin covers less of the debt, so Riot had to hand over more.
That happened in February. A price slide forced Riot to add 1,825 coins, lifting its pledge from 3,977 at the end of 2025 to 5,802, its annual report shows.
The rule also worked the other way. When prices rose, the loan agreement let Riot ask for some coins back without repaying. However, Coinbase had the final say on the math.
Instead, Riot repaid the full $200 million, seven months before the loan’s April 2027 due date. The loan carried a fixed 6.15% interest rate.
Riot Has Been Selling More Bitcoin Than It MinesRiot’s recent record shows heavy selling. In the first quarter, it sold 3,778 Bitcoin for $289.5 million while mining 1,473, its production update shows.
The drawdown continued. Riot’s holdings fell from 15,680 to 11,380 coins in the second quarter, even as it mined 1,587. BeInCrypto reported in August that the miner was funding its AI buildout partly through those sales.
That buildout is large. In August, Riot signed a 20-year, $9.1 billion lease for 191 megawatts of computing capacity at its Rockdale, Texas, campus. The tenant is described only as a leading frontier AI lab.
Riot has other funding lined up, though. Morgan Stanley provided a $573 million interim loan for early construction, while a longer-term credit backstop is being finalized, Riot’s second-quarter results show.
Meanwhile, Bitcoin’s price has climbed since June 30, when the pledged coins were worth $340.7 million.
On the market, RIOT shares closed Friday at $23, down 2%. The stock lost about 3% over five days but remains up roughly 82% this year.
RIOT Stock Performance. Source: Yahoo FinanceRiot’s next quarterly report will show whether the freed bitcoin stayed on its books.
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Researchers at Bitcoin cryptography firm Alloc Init published a 56-page paper on September 24 proposing Shielded Bitcoin, a design for Zcash-style private transfers on the Bitcoin base layer that needs no soft fork or consensus change. The specification, authored by Clara Shikhelman, Mikhail Komarov and Aleksei Moskvin, would hide the sender, recipient and amount of a payment while Bitcoin records and orders the data without validating it.
How the design borrows Zcash’s privacy model Shielded Bitcoin holds value in encrypted notes, and each transfer carries a zero-knowledge proof that the sender controls the notes being spent and that inputs and outputs balance. A public marker called a nullifier lets software reject double spends without revealing which note was used. Unlike Zcash, which enforces those rules through its own blockchain, the proposal treats Bitcoin as a “neutral publication and ordering layer”: separate software called indexers verifies the proofs and rebuilds the shielded state. “Like Zcash and Monero, Shielded Bitcoin preserves the privacy of who paid whom and how much, not that a shielded transfer happened,” the paper states.
The unfinished parts: deposits, withdrawals and cost The paper covers only transfers inside the system. How BTC enters and leaves is left to a separate paper built on Bitcoin PIPEs v2, earlier Alloc Init research that encrypts a Bitcoin signing key so it can be recovered only with a valid proof. The current design uses the Groth16 proof system, whose security rests on a trusted setup ceremony, and publishes each transfer in an OP_RETURN output of roughly 625 vbytes for two inputs and two outputs. Komarov estimates a private transfer at about 700 vbytes, roughly four times the miner fees of a standard Bitcoin transaction. The proposal joins a wider effort to add Zcash-style privacy to Bitcoin, including Citrea’s acquisition of privacy builder Crest.
Reaction and the state of privacy coins The paper lands amid a privacy-coin revival. Zcash’s shielded pools held about 4.9 million ZEC as of Friday, roughly 29 percent of issued coins and worth about $7.8 billion, and 21Shares listed Europe’s first Zcash ETP in late September. Some developers were skeptical: Vadim Zavodil argued that a new shielded pool “starts at zero,” while Zerocash co-author Eli Ben-Sasson welcomed the direction, noting the original goal of Zerocash was to bring privacy to Bitcoin.
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Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) price have made big gains in September, which have pushed the total crypto market cap from $2.62 trillion on September 1 to $2.87 trillion at the time of writing.
Analysts are now predicting the prices at which the four biggest cryptos by market cap will close on September 30, as the fear and greed index reading of 70 shows that the market remains in “greed” territory.
BTC Price Targets $87,000 by September End BTC price is on track to record its fourth straight September in the green, with month-to-date returns at 7.37%.
Analyst Philakone on X notes that BTC price remains above the 50-day and the 200-day SMAs, suggesting that the daily trend remains bullish. He notes that the resistance for Bitcoin now lies at $87,385.
Analyst Martini Guy also notes that if Bitcoin price can reclaim the $85,000 price, it could move back towards $87K.
Source: X A recent CoinGape Bitcoin price analysis also noted that Bitcoin price remained within a bull flag pattern on the one-day chart and could move towards $87,000 by month-end if support holds.
ETH Price Hunts Liquidity at $2,900 Ethereum price is up by 9.25% month-to-date, with this gain boding well for other altcoins including XRP and Solana.
Analyst Alex Marzell now notes that Ethereum price could continue climbing towards $2,900, where there is a high liquidity cluster.
Analyst Daan Crypto also notes that Ethereum price is facing resistance at $2,800. If ETH price can move above this resistance, the analyst says it could cause a “big move.”
Source: X Ethereum price is also defending support at the 200-week EMA, as earlier reported by CoinGape, suggesting that the long-term trend remains bullish and more gains could occur by month end.
SOL Price Eyes Rally to $130 SOL price traded at $122 at the time of writing after posting an intraday gain of 1.22%. Analyst Alaoui Capital now says Solana’s uptrend could extend towards $130 after the price broke from consolidation.
The analyst also attributed SOL price gains to inflows to ETFs that have amassed 1.475 million SOL in two weeks.
Analyst Apex Gotu also notes that SOL has a liquidity magnet above price at between $125 and $130 that could cause another bullish Solana price forecast.
XRP Price Targets Move to $1.70 XRP price is up by 7.9% in one month, and analyst Diana on X now notes that the uptrend might extend until $1.70.
The analyst noted that XRP price was rejected at $1.61, but the momentum is now turning bullish on the four-hour chart. If XRP price breaks resistance at $1.61, the move to $1.70 could occur.
The analyst’s bullish outlook comes amid a surge in inflows to XRP ETFs to $117.44 million in September 2026 alone.
XRP ETF Inflows/Outflows (Source: SoSoValue) The ongoing upgrades on the XRP Ledger could also aid more gains for the XRP price.
Therefore, as the crypto market comes near to closing the month of September in the green, BTC, ETH, SOL, and XRP price are expected to inch higher. But besides technical outlooks, geopolitics and the upcoming PCE Inflation release could affect price movements.
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TLDR: AMLBot traced about 4 BTC into a Wasabi CoinJoin after the funds moved through TRON, Ethereum and THORChain. About $343.2M, or 88.1% of roughly $389.4M tracked by AMLBot, remained dormant across 13 attacker wallets. Bitget raised its confirmed loss estimate to $387.5M after adding previously uncounted Zcash and TRON assets. Bitget will resume withdrawals on September 28 with Bitcoin, with broader restoration through October 2. Funds linked to the Bitget security breach have started entering Bitcoin privacy infrastructure, adding a new layer to investigators’ efforts to follow stolen assets. AMLBot reported on September 27 that roughly 4 BTC entered a Wasabi CoinJoin after moving through several assets, blockchains, and cross-chain services.
The movement covers only a small fraction of the theft. Meanwhile, about $343.2 million of tracked assets remained dormant across attacker-controlled wallets.
Attacker Routes Funds From TRON to Bitcoin According to AMLBot, the transaction path began with a Bitget-linked TRON wallet before the attacker converted TRX into USDT. The USDT was then bridged to Ethereum through USDT0, where the funds were exchanged for approximately 145 ETH.
Those assets later moved through THORChain and produced about 4.59 BTC, extending the trail from TRON to Ethereum and then Bitcoin. The attacker subsequently divided the BTC into smaller amounts before roughly 4 BTC entered a Wasabi CoinJoin round.
Wu Blockchain separately reported the same transaction path, while CertiK’s security feed also recorded AMLBot’s finding. Wasabi describes CoinJoin as a Bitcoin transaction that combines inputs from several participants and creates multiple new outputs.
That structure weakens the visible connection between individual inputs and outputs, making the origin-to-destination relationship harder to establish directly from blockchain records. However, CoinJoin participation does not indicate wrongdoing by other users as the privacy method is designed for general Bitcoin transactions.
For investigators, attribution matters as CoinJoin reduces the clarity of subsequent transaction paths. AMLBot said it blacklisted associated addresses and would keep monitoring the funds for additional CoinJoin activity.
$343M in Bitget Hack Funds Remains Dormant Across 13 Wallets Despite the latest movement, most funds linked to the Bitget breach remained dormant in AMLBot’s September 25 assessment. The firm estimated that about $343.2 million, representing 88.1% of roughly $389.4 million tracked, had not moved across 13 attacker wallets.
Those wallets held about 68,300 ETH across eight addresses, nearly 83 million XRP across four wallets, and around 18,900 ZEC elsewhere. That concentration leaves the latest privacy movement small compared with assets remaining stationary across the attacker wallets.
Bitget’s accounting was slightly lower, with the exchange confirming approximately $387.5 million transferred to attacker-controlled addresses. That figure revised an earlier $351.6 million estimate after additional Zcash and TRON assets were included in the total.
Bitget said the underlying vulnerability had been identified and remediated, while Mandiant and SlowMist continued assisting with the investigation. Withdrawals are scheduled to resume gradually from September 28, starting with Bitcoin, before broader restoration continues through October 2.
The CoinJoin activity therefore represents the clearest confirmed movement into privacy-focused infrastructure so far, while most tracked stolen assets remain unmoved.
TLDR: Saylor proposes five core rights: create, issue, custody, transfer, and use digital assets freely. He sets a goal of financing 10 million new companies through faster digital token issuance. Saylor urges banks to custody Bitcoin and extend credit against it under clearer capital rules. He criticizes the CLARITY approach and projects a $100 trillion digital asset industry ahead. Digital asset rights formed the center of Michael Saylor’s policy remarks at the Bitcoin Policy Institute’s Freedom Tech DC summit.
Saylor spoke with Conner Brown about a framework built on five freedoms. These include the right to create, issue, custody, transfer, and use digital assets.
He argued that a more productive economy, driven by artificial intelligence, needs better money and better capital markets. Growth in AI output should be matched by growth in financial access, he said.
Five Freedoms Anchor the Policy Framework Saylor’s proposal rests on treating digital asset rights as belonging to both individuals and corporations. Saylor said.
Each of the five freedoms serves a distinct purpose, from creating new financial instruments to spending and borrowing against holdings.
The framework also calls for financing structures that support new business formation. Saylor set a goal of enabling 10 million new companies to raise capital through digital tokens.
He described current issuance rules as too costly and complex for entrepreneurs without extensive legal resources. Lowering that cost, he said, would let more founders reach investors directly.
Competition among digital dollar providers formed another part of the discussion. Saylor said banks, fintech companies, and technology platforms should have a clear path to offer dollar-backed digital products.
He also argued that issuers should be permitted to compete on yield. Restrictions that favor institutions paying little interest work against customers, he said.
Bitcoin’s integration into banking and insurance drew separate attention. Saylor called for banks to custody Bitcoin and extend credit against it.
He pointed to the Basel framework’s capital treatment of cryptoasset exposures as an area needing review. Rules should reflect actual risk, he said.
Privacy, Compliance, and Regulatory Priorities Financial privacy featured prominently in Saylor’s remarks on ordinary transactions. He proposed that lawful transactions below a meaningful threshold should not trigger routine reporting requirements.
Saylor referenced the outdated $10,000 currency-transaction threshold set in 1972 as an example needing inflation adjustment.
Portable compliance credentials also appeared as a policy recommendation. Saylor described repeated identity verification across financial counterparties as costly and inefficient for investors.
He suggested reusable, interoperable credentials could reduce onboarding costs while preserving provider responsibility for monitoring risk. Lower costs, he added, would help new firms compete for customers.
Tax treatment of everyday digital asset spending was another focus area. Saylor argued that a meaningful de minimis exemption would remove the burden of calculating gains on routine purchases. He said thresholds should scale with inflation and eliminate needless transaction-by-transaction recordkeeping.
On regulatory strategy, Saylor pointed to the SEC, CFTC, Treasury, and White House as the near-term path. He criticized the CLARITY approach for emphasizing restrictions over usefulness.
Saylor projected the digital asset industry could reach $100 trillion in value if policy expands rather than limits ownership rights.
