Track market-moving stories before they get noisy

UniCredit has already tested the market through a Bitcoin-linked certificate and Italy’s first public-blockchain tokenized minibond

UniCredit is exploring an expansion into digital assets that would add crypto custody and brokerage, and has started selecting a technology provider to hold the assets and handle client transactions, Bloomberg reported, citing people familiar with the matter.

As per the report, the discussions are early, and no final decision has been made. Areas under consideration include custody and brokerage, tokenized investment products and fixed-income securities, and stablecoin applications for clients. UniCredit has not disclosed which providers it is weighing, how much it might spend, or when it would choose one.

Any crypto services would fall under the EU’s Markets in Crypto-Assets regulation, whose grace period ended on July 1. MiCA requires crypto-asset service providers to hold a license and lets authorized firms passport custody and trading across the 30-country European Economic Area.

Building on Earlier Crypto Moves Selecting an outside technology provider is the path other large banks have taken into crypto custody. Deutsche Bank tapped Swiss firm Taurus for digital asset custody and tokenization after what the vendor called a detailed selection and due diligence process.

UniCredit has already put crypto products in front of clients. The bank opened a five-year, dollar-denominated certificate linked to BlackRock’s iShares Bitcoin Trust (IBIT) to professional clients in July 2025, with full capital protection at maturity, a cap of 85% on returns and a $25,000 minimum. It was the first product of its kind in Italy.

In December 2025, UniCredit and state lender Cassa Depositi e Prestiti structured Italy’s first tokenized minibond on a public blockchain, a €5 million issue for E4 Computer Engineering recorded on Polygon.

UniCredit also belongs to Qivalis, an Amsterdam consortium that has grown to 37 European banks across 15 countries and plans to launch a MiCA-compliant euro stablecoin on Ethereum in the second half of 2026. The token would be backed one-for-one by euro deposits, subject to approval from the Dutch central bank.

You may also like: Ethena Expands Ecosystem With Launch of Self-Custodial Money App Circle Puts USDC on the Front of Chelsea’s Shirts in Principal Partnership Gemini Signs Apex Letter of Intent to Bring Crypto Event Contracts to Brokerages Banks Push Into Digital Assets Other large lenders have already started selling crypto to clients. BBVA began offering Bitcoin (BTC) trading and custody to private banking clients in Switzerland, and Israel’s Bank Leumi lined up Galaxy to run trading and custody for a 2027 launch covering Bitcoin, Ethereum (ETH) and Solana (SOL).

UniCredit is also expanding in digital markets beyond crypto. On September 8, it bought a minority stake in VC Trade, a Frankfurt platform that digitizes bond and loan deals. The platform sits in debt markets, separate from the crypto plans, and has handled more than €90 billion across over 600 transactions.

Tags:

Summary Strategy published a Bitcoin Investor Guide built for advisers, bankers and capital allocators. The document foregrounds volatility and drawdowns instead of aggressive price targets. Its digital capital architecture closely tracks Strategy’s own stack of listed securities. The release follows Strategy’s first-ever Bitcoin sales and a heavy loss earlier this year. Michael Saylor’s Strategy has released a 21-page Bitcoin Investor Guide that repositions the asset for a professional audience, using market data current to September 4 and a revision date of September 7. The framing is deliberately institutional. Rather than repeating the seven-figure price forecasts Saylor is known for on X, the guide walks bankers, advisers and treasurers through scarcity mechanics, custody governance, portfolio sizing and a long list of ways an investor can be right about Bitcoin and still lose money. It arrives at an awkward moment for its author, with Bitcoin trading back under $80,000 after spending much of the past ten months in a bear market.

Bitcoin is an open, global reserve asset with absolute scarcity. The Investor Guide explores Bitcoin’s monetary properties, investment case, market structure, portfolio role, custody and risks. $BTChttps://t.co/MAt57RCG8y

— Michael Saylor (@saylor) September 12, 2026

Saylor’s guide opens on an 83% crash, not a price target The tone is the story here. Strategy’s own dashboard, reproduced in the guide, shows Bitcoin down 28.3% over the trailing year and sitting 36.1% below its all-time high. The guide states plainly that Bitcoin has repeatedly fallen between 50% and 90% and can stay below prior peaks for years. It lists the deepest drawdown in the dataset at 93.1%, recorded back in 2011. This is not the messaging that built Strategy’s retail following, and the shift is intentional. The audience Strategy now wants to reach measures risk before it measures upside.

Strategy dashboard metric As of Sep 4, 2026 Bitcoin price $79,809 200-week moving average $64,715 Premium to 200-week average 23.3% 1-year return -28.3% 10-year annualized return 62.8% Market capitalization ~$1.60T Bitcoin dominance 66% ETF bitcoin held 1.27M BTC Network hashrate 935 EH/s Implied volatility 39.6% Source: Strategy Bitcoin Investor Guide, market data as of September 4, 2026.

The 200-week moving average deserves a plain reading, because Strategy leans on it. That line is simply the average price over the last 200 weeks, and Bitcoin currently trades about 23% above it. Investors treat it as a long-term trend marker, and the guide is careful to say it is a backward-looking reference that can be broken, not a floor under the price. On shorter timeframes the picture is softer. Bitcoin slipped below $80,000 in the second week of September and now sits roughly 8% above its 200-day exponential moving average near $72,823, a level traders watch as near-term support. Worth saying: an 8% cushion above the 200-day line is not much room in an asset that routinely moves that in a session, which is the discomfort Strategy’s long-horizon framing is built to talk investors through.

Share of Bitcoin holding periods that ended in profit, one to four years. Source: Strategy Bitcoin Investor Guide. The digital capital pyramid is Strategy’s own product menu The guide’s central original idea is a layered model it calls digital capital. Bitcoin sits at the base as a reserve asset, and on top of it Strategy stacks digital equity, digital credit, digital debt, derivatives and, eventually, digital money. Each layer repackages Bitcoin’s volatility for a different investor: equity holders take residual upside, preferred holders take a stiffer claim with less appreciation, note holders take contractual interest, and so on. The framing is elegant, and it is not neutral. That stack maps almost one for one onto the securities Strategy itself has issued, including its MSTR common shares and its STRF, STRK, STRC and STRD preferred instruments. What reads as a market taxonomy also functions as a rationale for the company’s entire capital structure.

Strategy discloses the conflict directly, noting that it holds a large amount of Bitcoin and issues securities whose value depends on it, giving it an economic interest in higher prices. That disclosure is worth taking at face value while also reading the guide for what it is: an educational document produced by the single most exposed corporate holder in the market.

Four years is the number that does the selling The behavioral core of the guide is a table of rolling holding-period returns stretching back to 2010. It is the part most likely to move an allocator, and it works by contrast. Over any one-year window in the data, the worst outcome was a loss of 83.6%. Extend the window to four years, roughly one halving cycle, and the worst completed outcome in the entire history was still a gain of 32.6%.

Holding period Median return Worst return 1 year +97.7% -83.6% 2 years +272.2% -68.3% 3 years +481.7% -34.7% 4 years +1,301.7% +32.6% Source: Strategy Bitcoin Investor Guide, rolling daily windows through September 4, 2026.

Strategy adds the caveats a careful reader would demand. The windows overlap, the early data is thin and fragmentary, the sample is short, and none of these figures are probabilities of what comes next. The guide even names the conditions under which it would expect an investor to sell, including a sustained loss of settlement reliability, erosion of the scarcity premise, or evidence that adoption has stalled below the assumed valuation. A promotional document that hands you its own exit criteria is doing something more unusual than cheerleading.

Bitcoin’s 2010-2026 price against its 200-week moving average. Source: Strategy Bitcoin Investor Guide. What the guide leaves out about Strategy’s own year The context Strategy does not dwell on is its own recent year. Saylor spent five years promising never to sell, then reversed that position in May, when the company executed its first Bitcoin liquidation. In the two weeks ending August 9 it sold 3,328 BTC for roughly $213 million, using the proceeds to help fund dividends on its preferred shares rather than to buy more Bitcoin. The stock has been punished for the strain, with MSTR down more than 50% over the past year, and Strategy reported a $12.5 billion loss in the first quarter alone. JPMorgan warned in July that the company’s concentrated buying could amplify volatility, and that any forced selling could hit Bitcoin’s price harder than its size alone would suggest.

Independent voices draw a sharper line between the company and the asset. Analysts at The Motley Fool argued this month that Strategy’s filings reveal a lot about Strategy and very little about Bitcoin, and that investors should not read the company’s trades as signals about the underlying coin. That distinction is the quiet tension running underneath the guide. The document asks readers to separate the wrapper from the reserve asset, which is precisely the discipline that Strategy’s own share price has been failing this year.

The slow money Strategy wants, and the dividends it must fund The guide reads as an opening bid to a slower, more conservative pool of capital than the one that carried Strategy through 2020 and 2021. It speaks the language of risk budgets, custody ceremonies and four-year funding horizons because that is what pension consultants, private banks and family-office gatekeepers require before they write a memo. Whether that audience buys direct Bitcoin, a spot ETP or one of Strategy’s own instruments matters enormously to the company, since its equity and credit layers only function if investors keep treating the stack as a legitimate way to hold the asset.

The nearer-term pressure is structural rather than rhetorical. Strategy’s preferred shares carry ongoing dividend obligations, and the company sold Bitcoin to help meet them earlier this year before resuming purchases in late August. Saylor has publicly reframed the mission around maximizing Bitcoin per share by 2033, which leaves room for tactical sales that the old never-sell doctrine forbade. The guide tells institutions to think in four-year blocks and to fund positions with capital that can sit untouched. Strategy’s own model, built on dividends and periodic issuance, does not have that luxury, and the next test of the distance between its advice and its practice will come with its Q3 results.

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.

This site is protected by reCAPTCHA.

Bitcoin Suisse plans to cut up to 60 jobs in Switzerland, roughly half of its local workforce, while shifting some software development and back-office functions overseas. The Zug-headquartered firm has around 200 global employees and manages over $3 billion in digital assets under custody. It will also shutter its Copenhagen IT development hub, retain its Bratislava business center, and establish a new hub in Vietnam. CEO and co-founder Andrej Majcen noted that operations in Bratislava and Vietnam have far lower costs, adding that the restructuring is driven by the company’s international growth strategy, not the current challenging crypto market conditions. Bitcoin Suisse also aims to expand its offerings beyond crypto trading, custody, staking, and lending to include wealth and asset management services for high-net-worth individuals and institutional clients. Its Liechtenstein subsidiary secured authorization under the EU’s MiCA framework in June.

Relevant content

LSK's 24-hour derivatives trading volume across all platforms exceeded $3 billion, surging 1054.79%

According to Coinglass data, the current global LSK contract open interest stands at $185 million, with a 24-hour increase of 739.10%. The contract trading volume is $3.082 billion, up 1054.79% over 24 hours. The 24-hour aggregate long-short ratio is 1.0864. In the past 24 hours, liquidations reached $35.26 million, ranking first across the network, of which short liquidations amounted to $31.22 million. According to HTX market data, LSK briefly touched $2, and is now trading at $1.68, with a 24-hour increase of over 700%.

4 minutes ago

LSK continues its rally, surging 775% in 24 hours.

According to HTX market data, Lisk (LSK) has been rallying continuously, surging 775% in 24 hours and currently trading at $1.71.

4 minutes ago

LSK has surged more than 515% in the past 24 hours, currently trading at $1.24.

According to HTX market data, Lisk (LSK) has surged over 515% in the past 24 hours, currently trading at $1.24.

4 minutes ago

Tom Lee: Crypto market will be 'very bullish' over the next 12 months, with the four-year cycle bottom potentially arriving next month.

Tom Lee, chairman of Ethereum treasury firm BitMine, said the crypto market will enter a "very bullish" phase over the next 12 months. He pointed out that on October 10 last year, the crypto market experienced over $19 billion in leveraged position liquidations due to U.S. threats to impose 100% tariffs on China, which cleared a large volume of borrowed capital, and the bottom of the crypto market’s four-year cycle may emerge next month. Lee is also optimistic about the long-term opportunities brought by asset tokenization. He estimated that if $100 trillion in assets migrate on-chain in the future and generate a 1% yield from these assets, this would produce around $1.1 trillion in annual revenue, corresponding to a roughly $20 trillion market opportunity when valued using traditional corporate metrics. However, BitMine currently holds 5.93 million ETH, with related positions posting an unrealized loss of approximately $50 billion. For over a decade, Fundstrat has consistently advised clients to allocate 2% of their investment portfolios to crypto assets; Lee stated that in client accounts that follow this recommendation, crypto assets now make up more than 85% of the total portfolio.

4 minutes ago

ARC-AGI-4 Advance Teaser: Next-Gen Release Will Test Whether AI Can Independently Invent New Things

Beating AI News Brief: Nonprofit AI evaluation body ARC Prize has announced the upcoming ARC-AGI-4, its next-generation benchmark focused on testing "autonomous open innovation" — assessing whether AI can independently explore, generate new ideas, and even make inventions and discoveries. Specific test questions, scoring criteria, and release date have not been disclosed yet. ARC Prize noted that humans still hold a clear lead over AI in open innovation, a core capability driving scientific and technological advancement. The announcement also cites Dario Amodei’s recently published article on AI slowdown. The organization emphasized that open-source remains fundamental to AI progress, opposing industry efforts to reduce openness and concentrate cutting-edge AI in the hands of a small number of institutions in the name of coordinated slowdown. ARC-AGI has long been hailed as the world’s most challenging AGI benchmark. When ARC-AGI-3 launched, humans scored 100%, while leading AI models achieved just 0.51%. The latest GPT-6 Astra has made significant gains, but only scored 62.7% under the unified Standard harness; it jumped to 99.9% when paired with OpenAI’s proprietary Provider Adapter. ARC Prize is now set to advance to the next challenge: testing whether AI can independently drive innovation.

4 minutes ago

Analysts: South Korean exchanges will test evening trading next week, a move that will gauge global demand.

South Korea’s major stock exchanges are extending trading hours into the evening, breaking Asian trading time conventions, in a bid to attract sustained demand from global investors. As part of its goal to launch 24-hour trading by December 2027, the Korea Exchange (KRX) will open trading for nearly all local stocks until 8 PM starting next Monday, up from the previous regular closing time of 3:30 PM. This marks the first such move among major Asian exchanges, aligning with the global trend of all-day trading. The new measure launching next Monday will test whether KRX can maintain sufficient liquidity over extended trading days and confirm if investors truly need the extra time—even as interest in South Korean stocks is cooling. Young-jae Lee, senior investment manager at London-based Pictet Asset Management, said: “Longer trading windows typically give investors more flexibility, making the market more efficient. Trading-oriented investors with higher turnover, or hedge fund-style investors, may use it more frequently.” Edward Kim, head of Korean equity sales at Bank of America, noted this is “another step in the continuous evolution of South Korea’s capital market and its accessibility to global investors.” (Jinshi)

4 minutes ago

Revolut disclosed that an unauthorized third party used an email address under the legitimate domain of a government agency to submit fraudulent requests for customer data access, exposing sensitive information of a small number of clients. The firm labeled the incident a "complex external impersonation scam", has blocked the relevant email, and stated its own systems and customer funds remain uncompromised. Potentially exposed data includes names, dates of birth, residential addresses, email addresses, phone numbers, copies of identity documents such as passports and driver’s licenses, identity verification selfies, account statements, IBANs, withdrawal records, and full transaction histories—including Bitcoin transactions. Mt. Gox’s former CEO Mark Karpelès has stated he is one of the affected individuals. Revolut has not disclosed the number of affected customers, whether the incident is limited to a single market, or the government agency whose domain was misused. The company has notified relevant government agencies, law enforcement bodies, data protection authorities, and financial regulators. On-chain investigator ZachXBT speculates the incident may be limited in scale but targeted high-net-worth users.

Relevant content

LSK's 24-hour derivatives trading volume across all platforms exceeded $3 billion, surging 1054.79%

According to Coinglass data, the current global LSK contract open interest stands at $185 million, with a 24-hour increase of 739.10%. The contract trading volume is $3.082 billion, up 1054.79% over 24 hours. The 24-hour aggregate long-short ratio is 1.0864. In the past 24 hours, liquidations reached $35.26 million, ranking first across the network, of which short liquidations amounted to $31.22 million. According to HTX market data, LSK briefly touched $2, and is now trading at $1.68, with a 24-hour increase of over 700%.

4 minutes ago

LSK continues its rally, surging 775% in 24 hours.

According to HTX market data, Lisk (LSK) has been rallying continuously, surging 775% in 24 hours and currently trading at $1.71.

4 minutes ago

LSK has surged more than 515% in the past 24 hours, currently trading at $1.24.

According to HTX market data, Lisk (LSK) has surged over 515% in the past 24 hours, currently trading at $1.24.

4 minutes ago

Tom Lee: Crypto market will be 'very bullish' over the next 12 months, with the four-year cycle bottom potentially arriving next month.

Tom Lee, chairman of Ethereum treasury firm BitMine, said the crypto market will enter a "very bullish" phase over the next 12 months. He pointed out that on October 10 last year, the crypto market experienced over $19 billion in leveraged position liquidations due to U.S. threats to impose 100% tariffs on China, which cleared a large volume of borrowed capital, and the bottom of the crypto market’s four-year cycle may emerge next month. Lee is also optimistic about the long-term opportunities brought by asset tokenization. He estimated that if $100 trillion in assets migrate on-chain in the future and generate a 1% yield from these assets, this would produce around $1.1 trillion in annual revenue, corresponding to a roughly $20 trillion market opportunity when valued using traditional corporate metrics. However, BitMine currently holds 5.93 million ETH, with related positions posting an unrealized loss of approximately $50 billion. For over a decade, Fundstrat has consistently advised clients to allocate 2% of their investment portfolios to crypto assets; Lee stated that in client accounts that follow this recommendation, crypto assets now make up more than 85% of the total portfolio.

4 minutes ago

ARC-AGI-4 Advance Teaser: Next-Gen Release Will Test Whether AI Can Independently Invent New Things

Beating AI News Brief: Nonprofit AI evaluation body ARC Prize has announced the upcoming ARC-AGI-4, its next-generation benchmark focused on testing "autonomous open innovation" — assessing whether AI can independently explore, generate new ideas, and even make inventions and discoveries. Specific test questions, scoring criteria, and release date have not been disclosed yet. ARC Prize noted that humans still hold a clear lead over AI in open innovation, a core capability driving scientific and technological advancement. The announcement also cites Dario Amodei’s recently published article on AI slowdown. The organization emphasized that open-source remains fundamental to AI progress, opposing industry efforts to reduce openness and concentrate cutting-edge AI in the hands of a small number of institutions in the name of coordinated slowdown. ARC-AGI has long been hailed as the world’s most challenging AGI benchmark. When ARC-AGI-3 launched, humans scored 100%, while leading AI models achieved just 0.51%. The latest GPT-6 Astra has made significant gains, but only scored 62.7% under the unified Standard harness; it jumped to 99.9% when paired with OpenAI’s proprietary Provider Adapter. ARC Prize is now set to advance to the next challenge: testing whether AI can independently drive innovation.

4 minutes ago

Analysts: South Korean exchanges will test evening trading next week, a move that will gauge global demand.

South Korea’s major stock exchanges are extending trading hours into the evening, breaking Asian trading time conventions, in a bid to attract sustained demand from global investors. As part of its goal to launch 24-hour trading by December 2027, the Korea Exchange (KRX) will open trading for nearly all local stocks until 8 PM starting next Monday, up from the previous regular closing time of 3:30 PM. This marks the first such move among major Asian exchanges, aligning with the global trend of all-day trading. The new measure launching next Monday will test whether KRX can maintain sufficient liquidity over extended trading days and confirm if investors truly need the extra time—even as interest in South Korean stocks is cooling. Young-jae Lee, senior investment manager at London-based Pictet Asset Management, said: “Longer trading windows typically give investors more flexibility, making the market more efficient. Trading-oriented investors with higher turnover, or hedge fund-style investors, may use it more frequently.” Edward Kim, head of Korean equity sales at Bank of America, noted this is “another step in the continuous evolution of South Korea’s capital market and its accessibility to global investors.” (Jinshi)

4 minutes ago

Zcash mining revenue is about 2x higher per machine. Revenue per MWh is roughly 4x Bitcoin’s. Zcash mining activity has increased more than 2.5x in 2026. Rising computing power is already squeezing individual miners. Zcash has become unusually lucrative for miners after ZEC’s price surge, with Grayscale Research estimating substantially higher revenue per machine and unit of electricity than Bitcoin, although rapidly rising network competition is already testing how long that advantage can last.

Zcash beats Bitcoin at the machine level Bitcoin remains the much larger mining economy.

Its miners collectively generate roughly $35 million in daily revenue, compared with about $2 million across the Zcash network, according to Grayscale Research.

The comparison changes when revenue is measured at the level of an individual machine or its electricity consumption:

Revenue per machine: Zcash is roughly 2x higher than Bitcoin. Revenue per MWh: Zcash generates about 4x Bitcoin’s revenue. Network mining activity: Zcash has increased more than 2.5x since the start of 2026. Daily network revenue: Zcash generates about $2 million versus Bitcoin’s $35 million. Grayscale Research Director Zach Pandl attributes much of the difference to ZEC’s strong price performance. A higher token price raises the dollar value of the block rewards miners receive even before anything changes in the network’s underlying reward schedule.

The result has been a powerful incentive to deploy more equipment.

Revenue is not the same as mining profit The 2x and 4x comparisons require an important qualification: Grayscale is comparing mining revenue, not net profit.

Electricity prices, ASIC acquisition costs, cooling, hosting, maintenance, financing and downtime still determine how much of that revenue an operator keeps.

The hardware comparison also has limits.

Bitcoin uses the SHA-256 mining algorithm, while Zcash uses Equihash. Both are dominated by specialized ASIC equipment, but the machines are not interchangeable. A Bitcoin miner cannot simply point existing SHA-256 hardware at Zcash when ZEC becomes more profitable.

Taking advantage of the difference therefore requires access to Equihash hardware and enough confidence that the economics will remain attractive long enough to recover the investment.

That is where the current Zcash mining boom becomes more complicated.

More miners are already absorbing ZEC’s price gains Higher ZEC prices increase mining revenue, but that opportunity attracts additional computing power.

As more machines join the network, each one competes for a smaller share of the available block rewards.

Evidence of that adjustment appeared even before Grayscale published its latest comparison.

Zcash computing power increased from approximately 25 GSol/s in late August to more than 30 GSol/s in early September. Over roughly the same period, estimated gross revenue from a Bitmain Antminer Z15 Pro fell from about $727 per MWh to $708 per MWh, even as ZEC climbed above $1,000.

At the later estimate, the machine was generating roughly $47 per day before electricity, hosting, maintenance and other costs.

In other words, the higher ZEC price did not automatically translate into higher machine revenue. Additional mining capacity absorbed the improvement.

The mechanism is straightforward:

Higher ZEC price → larger dollar rewards → more Equihash capacity → greater competition → lower reward share per machine. This is the natural pressure that can eventually narrow Zcash’s current advantage over Bitcoin.

Difficulty is becoming the number to watch Network difficulty provides another way to see that competition.

CoinWarz recorded Zcash difficulty at 233.12 million on September 12, up 9.28% over 30 days, although daily readings have remained volatile.

That matters because ZEC’s price and mining difficulty now have to be considered together.

If ZEC appreciates faster than new computing capacity enters the network, machine economics can improve. If hashrate and difficulty rise faster than the value of block rewards, revenue per machine can fall even while the token itself moves higher.

The latter dynamic was already visible in the Z15 Pro estimates.

Higher hashrate has a benefit beyond miner revenue For Zcash itself, more mining competition is not necessarily negative.

Additional Equihash computing power increases the resources required to attack the proof-of-work network.

Grayscale argues that stronger mining economics could therefore create a feedback loop in which higher prices attract miners and the resulting hashrate improves network security.

For individual operators, however, that same security improvement means more competition.

That creates a useful separation between what is good for the network and what is good for a miner. Zcash can become more secure at the same time that revenue per machine declines.

The next test is therefore not whether Zcash can maintain a headline 4x revenue advantage over Bitcoin indefinitely. Watch whether ZEC’s price can keep pace with hashrate and difficulty growth. If computing power continues rising faster than mining revenue, the profitability gap Grayscale identified will begin closing even if ZEC remains elevated.

Bitcoin stabilized above $77,000 over the weekend after a decline in oil prices eased some pressure on risk assets. The move came as Brent crude oil, after surging to $109.97 per barrel on Friday, reversed course to settle at $104.61. West Texas Intermediate closed at $100.05. Despite the late pullback, Brent finished the week up more than 8%, reflecting ongoing concerns over oil supply disruptions in the Middle East.

Crypto reacts to oil-driven inflation jittersBitcoin responded to the retreat in oil with a rebound, rising about 0.9% on Friday to close near $77,200 after dipping as low as $76,100 earlier in the session. The leading cryptocurrency continued to hold steady, trading around $77,300 on Saturday. Other risk assets joined the recovery, with the S&P 500 gaining 0.86%, the Nasdaq rising 0.96%, and the Dow up 0.98%.

Recent volatility in the crypto market has been closely tied to oil prices, which have become a major macroeconomic factor. Higher energy costs contribute directly to rising inflation and shape expectations for interest rate decisions from global central banks.

U.S. inflation data reinforced these concerns. The consumer price index for August climbed 0.4% month-over-month and 3.4% compared to the previous year, while the producer price index increased by 5.4%. With crude oil trading above $100, analysts estimated that market odds for a Federal Reserve rate hike in the coming week had risen to between 85% and 90%.

Movements in oil prices are increasingly seen as a direct driver of crypto volatility, with investors watching inflation metrics and Federal Reserve policy signals closely.

The wave of inflation worries led to simultaneous declines in both Bitcoin and gold, as traders shifted away from assets that are seen as vulnerable to higher real interest rates.

Market leaders caution on oil supply risksDespite Friday’s respite from soaring oil prices, industry leaders have warned that risks remain. Chevron CEO Mike Wirth stated on Friday that global crude inventories and emergency stockpiles, which had previously been used to dampen price spikes, have largely been depleted. This depletion could leave markets more exposed to fresh supply shocks, particularly with U.S. diesel prices already exceeding $6 per gallon.

The International Energy Agency echoed these concerns, projecting that global oil supply could fall by around 5.7 million barrels per day in 2026, driven by ongoing disruptions in Gulf exports and a decline in Saudi Arabian output to its lowest level in more than 30 years.

Bitcoin’s resilience this weekend puts it in a unique position. The cryptocurrency has regained ground from its recent dip below $76,100, but remains under the $80,000 mark seen earlier in the week. Meanwhile, U.S. Treasury yields, hovering near 5%, continue to attract capital away from riskier assets.

While the immediate shock from oil’s latest rally has eased, Brent’s price remains above $100 and up significantly week-on-week, signaling that any relief in crypto may be short-lived rather than a clear sign of recovery.

Mini dictionary: The International Energy Agency (IEA) is an autonomous intergovernmental organization providing policy advice, data, and analysis on global energy markets, aiming to ensure reliable, affordable, and clean energy for member countries.

AssetRecent LowCurrent LevelWeekly ChangeBitcoin$76,100$77,300+0.9% (Friday)Brent CrudeN/A$104.61+8% (Weekly)West Texas IntermediateN/A$100.05N/AS&P 500N/AN/A+0.86% (Friday)NasdaqN/AN/A+0.96% (Friday)Dow JonesN/AN/A+0.98% (Friday)Global oil supply is projected to fall by 5.7 million barrels per day in 2026, as Gulf export disruptions and declining Saudi output impact market dynamics.

It's a simple yet very effective strategy. At least, it has been for the past decade.

Popular analyst CryptoGoos outlined a remarkably simple BTC trading strategy that has successfully tracked and identified the asset’s most important cycle bottoms and tops.

If it plays out again, the next major buy signal could be happening as we speak (or as you read). The idea is quite interesting – instead of relying on complicated indicators, moving averages, and on-chain metrics, investors should look into the US midterm elections.

This striking historical pattern shows that Bitcoin has struggled during every previous midterm election year before recovering strongly once the vote was out of the way. That makes this year and the following several months highly interesting.

No Good Midterm Year Given the fact that BTC was essentially an unknown internet magic money in 2010, we won’t count that midterm election year. Instead, we will focus on 2014, 2018, and 2022. A quick look into that shows that all three were ugly. 12 years ago, BTC had already collapsed following the extraordinary 2013 bull market and the failure of Mt. Gox.

Fast forward to the 2018 bear market, the cryptocurrency plunged from almost $20,000 to under $3,500. The 2022 example was no better, as the asset entered another brutal downturn amid aggressive Fed rate hikes, the deterioration of Terra/LUNA, and a broader crypto credit crisis. Days after the November 8 midterm election, FTX imploded, which resulted in the last leg down of that cycle with BTC slumping toward $16,000.

Research from CryptoQuant found that BTC declined by more than 60% during each of those three midterm election years. As such, the similarities with 2026 are hard to ignore. The cryptocurrency remains far below its October 2025 all-time high despite its most recent recovery.

Signal to Buy? The more interesting part of CryptoGoos’ conclusion is what comes after the vote, as BTC has historically rebounded strongly in the 12 months following the US midterm elections. Data tracking the previous three cycles puts the average subsequent gain at over 50%.

You may also like: Bitcoin’s 24% Rally Hit a Wall: CryptoQuant Reveals What Comes Next Bitcoin and Ethereum Explode, Wrecking Over $250M in Shorts in an Hour Bitcoin Price Reacts to August US CPI Data: Here’s What Happened Obviously, this doesn’t guarantee that the election itself mechanically leads to a sharp bitcoin price uptick. A more reasonable explanation is that midterm years tend to coincide with several conditions that can pressure risk assets, such as political uncertainty, reduced investor appetite, changing fiscal expectations, and, in BTC’s particular case, the historically weak part of its four-year cycle.

Once the election passes, one major source of uncertainty goes away, and markets can start pricing the next two years of fiscal, regulatory, and monetary policy with considerably more confidence.

If investors choose to follow CryptoGoos’ strategy and accumulate BTC now ahead of the midterms, the first sales should begin with a 25% offload next year, followed by a more significant 50% dump in 2028 and another 25% in the post-election 2029.

Tags:

The classic 60/40 portfolio is showing its age. And the culprit isn’t just inflation or rising rates. It’s the collision of two massive forces: AI’s dominance in equity allocations and the increasingly grim math behind US government bonds.

A growing chorus of asset managers now argues that investors heavily weighted toward AI stocks should consider replacing some or all of their bond allocation with Bitcoin. The logic is straightforward: bonds aren’t doing their job anymore, and Bitcoin might actually do it better.

The bond problem nobody wants to talk about US federal debt has now surpassed $40 trillion. US long Treasuries have delivered negative real returns over the past decade, marking one of the worst stretches in 223 years of available data. In plain terms, investors who parked money in supposedly “safe” government bonds actually lost purchasing power after accounting for inflation.

Anthony Pompliano has argued that pairing Bitcoin with AI equities addresses both sides of the equation: the growth exposure from AI and the inflation-hedging properties from Bitcoin.

The case for Bitcoin as a bond replacement Bitwise CIO Matt Hougan has been among the most specific in his recommendations, suggesting Bitcoin exposure of 2% to 10% for investors. His framing is notable: he argues that 0% Bitcoin allocation now represents a misallocation, not a conservative choice.

A 2026 report from River Financial found that a 10% Bitcoin allocation doubled the ending portfolio value of a standard 60/40 mix over the past decade. BlackRock has highlighted Bitcoin’s low correlation with traditional asset classes, positioning it as a potential diversifier when stocks and bonds increasingly move together.

Bitcoin’s fixed supply of 21 million coins stands in stark contrast to the effectively unlimited supply of government debt. When a government can always issue more bonds to fund its spending, the value proposition of those bonds as a store of value gets weaker with each new issuance.

AI concentration risk adds urgency The AI trade has been one of the most crowded in market history. Mega-cap tech companies building AI infrastructure now represent an outsized share of major indices, meaning even passive investors have significant AI exposure whether they want it or not. If AI spending slows, if regulatory headwinds emerge, or if the sector simply takes a breather after years of exceptional gains, portfolios with both heavy AI equity exposure and underperforming bond allocations face a potential double whammy.

What this means for institutional adoption When BlackRock is publishing research on Bitcoin’s correlation properties and major asset managers are recommending non-zero allocations, the conversation has shifted from “should we consider this” to “how much should we allocate.”

The risk is that Bitcoin’s historical volatility makes it a poor substitute for bonds in portfolios that genuinely need stability. A 30% drawdown in your “safe” allocation is a very different experience than a slow grind of negative real returns.

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

18h35 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

For Brian Armstrong, the CEO of Coinbase, bitcoin at $400,000 by 2030 remains a reasonable target. However, to reach it from its current price, BTC would have to multiply by more than five.

In brief Brian Armstrong considers bitcoin at $400,000 by 2030 a realistic goal. BTC should progress by more than 400% from its current level to reach this target. The Coinbase CEO believes bitcoin has already reached the floor of its current cycle. The 2028 halving and US regulation could support his scenario. Bitcoin must still sustainably break through $81,500 before aiming for its previous record. Bitcoin should gain more than 400% by 2030 During an interview with CNBC on September 10, Brian Armstrong reaffirmed his projection. Asked about the possibility of bitcoin nearing $400,000 before 2030, he responded that he still considers this target realistic.

Currently, BTC trades around $77,000. It remains nearly 39% below its record of $126,198 reached in October 2025.

Many data points allow measuring the scope of the forecast :

Bitcoin should increase by about 420% from $77,000 ; Its price should multiply by nearly 5.2 ; The target would surpass the October 2025 record by 217% ; Its market capitalization would approach $8 trillion with 20 million BTC in circulation. Brian Armstrong in the interview aired by CNBC emphasized: “I think it’s a reasonable target by 2030”. Such a statement is a personal opinion and not an official Coinbase projection.

The executive did not detail a market capitalization model likely to precisely justify the $400,000. This calculation mainly assumes that institutional and retail demand will continue to grow faster than the available supply.

Brian Armstrong believes the floor has already passed First, Coinbase’s CEO’s optimism is based on bitcoin’s historical cycles. These usually last about four years and alternate phases of euphoria, correction, then recovery before the next halving reduces mining rewards.

He states: “I personally think we have already seen the bitcoin floor during this cycle.” BTC had fallen to $57,717 on July 1 before rebounding to about $79,000 in September, according to compiled information.

Also, Armstrong notes that bear markets usually last about one year. Actually, the market just passed this phase since its October 2025 peak. However, the small number of completed cycles prevents this from becoming a reliable statistical rule.

The next halving, expected around April 2028, also supports his forecast. This event will halve the amount of new bitcoins awarded to mining companies. Armstrong therefore expects investors to anticipate this supply reduction over the next two years.

US regulation would also play a role. Thus, the executive mainly watches the CLARITY Act and future rules applicable to this sector. Legal clarification would ease the arrival of new capital, whereas political failure could delay this scenario.

BTC must first recover $81,500 Before considering $400,000, bitcoin must confirm its exit from the bear market. Its 50-week moving average was around $81,473 at the beginning of this month. The price had not yet managed to close sustainably above this level.

In four of the five previous bear markets, crossing this average confirmed that the floor had already been reached. A weekly close above this threshold would therefore strengthen Brian Armstrong’s analysis, according to a Galaxy Research study.

A first positive signal came from the rebound in August. During that month, bitcoin gained 25.4%, while US ETFs collected $3.4 billion. However, part of this movement came from the covering of short positions and momentum-related acquisitions. Such flows can disappear quickly.

The halving effect could also diminish as ETFs and corporate treasuries grow in importance. Therefore, interest rates, global liquidity, and regulatory decisions may weigh more heavily on the market.

The levels of $81,500 and $126,198 therefore represent the first verifiable steps. Without sustainable breakthroughs, bitcoin at $400,000 will remain a long-term scenario rather than a confirmed trajectory.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Join the program

A

A

Lien copié

Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

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.

In brief Revolut disclosed sensitive customer data—including passport copies, verification selfies and full Bitcoin transaction histories—after fulfilling a fraudulent request sent from a government agency's legitimate email domain. A Revolut spokesperson confirmed it was "a sophisticated external impersonation scam," said a "limited" number of customers were affected, and stated systems and funds were unaffected, but declined to give numbers or name the agency. ZachXBT said the breach appeared to target high-net-worth users, raising "wrench attack" concerns amid a wave of similar leaks. Fintech giant Revolut handed sensitive customer data, including passport copies and full Bitcoin transaction histories, to a malicious actor after falling for a fraudulent request disguised as a legitimate government inquiry.

According to a customer notification circulated by crypto investigator ZachXBT, Revolut received a request for customer information that appeared to come from a government agency, sent from an unauthorized email account using the agency's official domain.

Myriad: Bitcoin's next move? Click to make your prediction.Because the message carried valid domain authentication credentials, Revolut fulfilled it in the belief it was genuine.

The exposed data was extensive. Per the notice, it spanned identity details such as full name, date of birth and occupation; contact information including postal address, email and phone number; and document and verification data, including a copy of the victim's passport or driver's license and the selfie provided for verification.

Most alarming for crypto holders, the financial data included account statements with IBAN and wallet reference numbers, withdrawal records and full transaction history, including Bitcoin. Revolut said no biometric facial telemetry data was involved.

A Revolut spokesperson confirmed the breach to TechCrunch, describing it as "a sophisticated external impersonation scam where an unauthorised third party utilised a legitimate government agency domain email to submit fraudulent requests for information."

The company said a "limited" number of customers were affected, that it had blocked the email address and alerted the agency, law enforcement and regulators, and that its systems and customer funds were unaffected. Revolut declined to say how many people were hit or which agency was impersonated.

ZachXBT said the incident appeared to target high-net-worth users, a concern given the surge in violent "wrench attacks" against known crypto holders. The leak drew sharp criticism, with several users on social media arguing the episode shows know-your-customer rules have created risk without meaningful benefit.

The breach lands amid a rough stretch for firms holding crypto users' personal data. Hardware wallet maker Trezor recently saw a support-vendor breach widen to expose tens of thousands more customers, while X appeared to suffer a data breach of its own that flooded users with password resets.

Revolut, which launched its euro-pegged EURR stablecoin this year, is currently weighing an IPO.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

What Will Happen to Bitcoin Next Week If the Fed Raises Interest Rates—or If It Doesn’t? A Chinese Founder Weighs In

TLDR: Bitcoin price faces a dense $77,100 to $80,200 supply area after long-term holders released up to 539,000 BTC during a 30-day period. A close above the 365-day moving average at $81,700 would test the $83,600 Metcalfe band before the $88,700 trader band becomes relevant. U.S. spot Bitcoin ETFs posted a fourth straight daily outflow, losing $13.29 million Friday and $462.73 million for the week despite $2.60 billion in trading. Ether ETFs collected $216.41 million Friday, but the differing flows do not prove money moved directly out of Bitcoin products. Bitcoin price stalled after a rapid advance from beneath $65,000 in mid-August to above $82,000 within several weeks. BTC traded near $77,100 on Friday, beneath a dense collection of technical and on-chain barriers. CryptoQuant’s assessment says the trend looks constructive, yet it identifies several levels buyers must clear.

Bitcoin price needs a close above the 365-day moving average at $81,700. That threshold rejected the early-September advance and has historical weight in CryptoQuant’s framework. The firm views a close above it as bull-phase confirmation, not a brief resistance breach. 

Bitcoin Price Faces a Dense $77,100 to $81,700 Barrier Long-term holders form the nearest obstacle. CryptoQuant estimates that this cohort sold as many as 539,000 BTC during one 30-day window in 2026. The sales occurred between $77,100 and $80,200, creating an area where former holders may sell into rebounds. Bitcoin price trades at the lower end, so demand must absorb supply before higher resistance matters. 

That supply zone sits below the 365-day average, turning the route higher into a sequence rather than one breakout. Bitcoin price has already failed there once, after the move above $82,000 lost traction. CryptoQuant also tracks a 200-day moving average near $70,000. It identifies that area as the first technical support if selling pressure increases.

The $77,100 to $80,200 band represents more than a chart line. It groups coins released by investors who held them through earlier market phases. Repeated tests can clear such supply if buyers take the offered coins. Failed rebounds leave the same holders with another opportunity to reduce exposure.

Buyers still face two further levels if the $81,700 average gives way. The three-times Metcalfe valuation band stands at $83,600. It derives network-value estimates from active addresses. CryptoQuant calls it a valuation ceiling buyers must clear near the present range. The trader realized price upper band, at $88,700, forms another resistance point. 

That final band tracks the cost basis of active traders. Profit margins usually widen as spot prices approach it. CryptoQuant says earlier approaches have coincided with increased selling pressure. Therefore, a move through $81,700 would not settle the Bitcoin price breakout question by itself.

Bitcoin ETF Flows Turn Focus Toward $83,600 Ceiling ETF flows add a separate near-term signal. U.S. Bitcoin ETFs posted $13.29 million in net withdrawals on Friday, extending a four-session outflow streak. The group lost $462.73 million during the week, with $2.60 billion traded. Its net assets closed at $97.58 billion. 

The Bitcoin price stayed near $77,000 during the withdrawal run. That information does not prove that fund redemptions caused the price retreat. It does show that recent institutional transactions did not provide consistent demand during the test of overhead supply. The contrast with ether funds stood out.

Source: Sosovalue Ether ETFs took in $216.41 million on Friday and finished a fourth consecutive week of net inflows. The split does not prove a direct rotation into ether products. Still, the different flows show that ETF demand has become selective. It coincides with overhead supply and the failed $81,700 test. 

The moving average offers a clear reference point for the next move. A strong close above $81,700 would put $83,600 firmly in focus. A rejection keeps the $77,100 to $80,200 supply zone active. Bitcoin’s price would then face the same seller concentration that capped its latest rally.

Downside levels also carry weight. CryptoQuant places the next visible support at the 200-day moving average near $70,000. A second on-chain accumulation cluster lies between $62,000 and $65,000, where roughly 476,000 BTC accumulated this year. The $77,100 to $80,200 area, $81,700, and $83,600 now map the levels buyers need to reclaim before $88,700 enters focus.

Bitcoin traded near $77,100 on Friday, encountering significant resistance after rallying above $82,000 in recent weeks. The cryptocurrency’s momentum slowed as it approached a dense cluster of technical and on-chain barriers, identified by blockchain analytics firm CryptoQuant.

Long-term holders and technical resistance zonesAccording to CryptoQuant, investors who have held Bitcoin for extended periods released up to 539,000 BTC over a 30-day period in 2026. These sales primarily took place in the $77,100 to $80,200 price range, creating an area of concentrated supply where sellers are likely to defend their positions during price advances.

The price remains below the 365-day moving average at $81,700, a technical level that previously rejected rallies in early September. CryptoQuant considers a daily close above this moving average as confirmation of a new bullish phase, rather than just a temporary breakout.

The $77,100 to $80,200 resistance zone is particularly notable because it represents coins released from long-term holders who accumulated during previous market cycles. Each attempt to move above this range is met with selling, and failed efforts can prompt further profit-taking from these investors.

CryptoQuant notes that a decisive break above $81,700 would target the next resistance at $83,600, which is defined by their network valuation model, with a further barrier at the $88,700 trader realized price band. Without a clear move above these points, Bitcoin could remain constrained by existing supply.

Should Bitcoin reverse, the analytics firm identifies the 200-day moving average near $70,000 as the first major support level. A larger accumulation zone exists between $62,000 and $65,000, containing around 476,000 BTC added this year.

Mini dictionary: CryptoQuant, a blockchain analytics and data provider that specializes in on-chain market indicators and technical analysis for Bitcoin and other cryptocurrencies.

ETF flows highlight shifting demandUS spot Bitcoin ETFs experienced a notable shift this week, marking four consecutive days of net outflows. On Friday, funds saw net redemptions totaling $13.29 million, pushing the week’s total outflow to $462.73 million, despite $2.60 billion in trading volume.

The persistent ETF withdrawals coincided with Bitcoin trading just below the $77,100 local resistance band. Analysts specify that while these institutional redemptions coincided with price struggles, they do not constitute definitive proof of causation. However, the data suggests that institutional buyers did not provide consistent support during this period of overhead supply.

ETF AssetFriday Net FlowWeekly Net FlowTrading VolumeNet AssetsUS Bitcoin ETFs– $13.29 million– $462.73 million$2.60 billion$97.58 billionUS Ether ETFs+ $216.41 million+ $216.41 millionN/AN/AIn contrast, US spot Ether ETFs received $216.41 million on Friday, completing their fourth consecutive week of net inflows. While the divergence in flows does not directly indicate funds shifting from Bitcoin to Ether, the selective demand highlights shifting sentiment among institutional investors.

Analysts suggest that Bitcoin must secure a strong move above $81,700 to shift focus toward the $83,600 valuation ceiling and then $88,700, where trader cost bases cluster. A failure to do so could lead to repeated tests of the current supply zone and possible declines toward defined support levels.

CryptoQuant emphasizes that the path forward relies on overcoming layered resistance, with each band above $77,100 representing potential hurdles for buyers. Ongoing ETF outflows and long-term holder selling reinforce the need for increased demand before a sustainable breakout can be confirmed.

Tom Lee Says Crypto Will Be “Really Bullish” For the Next 12 Months

Bitcoin traded near $77,351 as investors balanced regulatory uncertainty before the Federal Reserve meeting.

Ethereum price traded around $2,531, while XRP held near $1.37 during a cautious session.

The FOMC meets September 15–16, placing monetary policy alongside the Senate vote as another major catalyst.

Higher rates could strengthen the dollar and pressure risk assets, while a softer decision could support crypto demand.

September 15 Vote Could Decide the Next Step for the CLARITY Act The Senate’s September 15 motion to proceed would open debate on the CLARITY Act, rather than approve final passage.

Supporters need 60 votes under Senate rules, leaving Republicans seeking roughly six Democratic votes to advance the motion.

The latest draft includes 114 Democratic amendments, yet no Democratic senator has publicly committed support, according to Politico.

Patrick Witt said negotiators addressed Democratic concerns and could resolve remaining disputes through amendments after debate begins.

Witt, executive director of the White House Digital Asset Advisory Council, described the remaining legislative window as increasingly narrow.

Treasury Secretary Scott Bessent urged senators from both parties to support the procedural step.

White House Crypto Adviser: Legislative Window for Clarity Act Is Closing, Key Procedural Vote Set for September 15

According to Forbes, Patrick Witt, executive director of the White House Digital Asset Advisory Council, and U.S. Treasury Secretary Scott Bessent have separately… pic.twitter.com/sGzKitQq9f

— Wu Blockchain (@WuBlockchain) September 12, 2026

Ethics provisions remain a central dispute, although Coinbase chief Brian Armstrong said the company’s essential issues were resolved.

Approval would allow lawmakers to debate further changes and pursue a durable division of authority between federal regulators.

A failed vote could encourage the SEC and CFTC to pursue stronger rulemaking without a comprehensive statute.

For Bitcoin, progress could reduce uncertainty surrounding exchanges, token classifications, custody services, and institutional participation.

Bitcoin Price Outlook: Will BTC Break Above $78,000? BTC price fell short of $78,000 following a retreat from an intraday high of $77,934 and a demand zone of $76,952.

An upward movement above the $78,000 mark may provide entry into $80,000, and the book of profits may begin to warm around the psychological $80,000 mark.

But when the price falls below $76,900, then the next notable support can be $75,000 as per the long-term BTC projection.

BTC/USDT 4-hour chart: TradingView There might be short-term volatility as a result of political voting but the direction of the Federal Reserve may be the determining factor.

Investors will watch inflation risks, rate expectations, and liquidity conditions when policymakers announce their decision on September 16.

Bitcoin ETF Outflow Streak Hits Four Days as Ethereum Funds Gain $216M U.S. spot Bitcoin ETFs recorded $13.29 million in net outflows on September 11, according to SoSoValue.

Morgan Stanley’s MSBT led individual Bitcoin products with $3.76 million in daily net inflows.

BTC ETF Spot Ethereum ETFs moved differently, attracting $216 million during the same session despite weaker broader sentiment.

BlackRock’s ETHA accounted for $149 million, representing most of the category’s daily additions.

The countertrend indicates that several institutions may have shifted from digital asset exit to a reallocation of their funds to Ethereum products.

Renewed inflows, paired with a $78,000 breakout, would strengthen the case for an advance toward $80,000.

Decoding Monero’s 32% rally: Will XMR target $571 or…

Crime

12 September 2026 | 13:32 A reported Revolut data disclosure linked identity records with Bitcoin activity, creating a targeted-fraud risk beyond account access.

Key Takeaways Revolut reportedly acted on a fake request. Identity and Bitcoin-related records were included. No private-key exposure has been reported. The main risk is targeted impersonation. The problem began with a fake legal request CoinDesk reported that Revolut notified affected users after responding to an emergency government request it later determined was fraudulent when it contacted the relevant authority. The reported disclosure included personal and Bitcoin-related records.

The incident was not described as an attacker taking over a wallet or breaking into a customer account. Instead, the failure appears to have occurred while Revolut was verifying a request for customer data. That makes it different from a typical exchange hack: sensitive information may be released without an attacker first defeating a user’s password or two-factor authentication.

The notice was shared publicly on X. Revolut had not published a wider public statement or disclosed the number of affected accounts at the time of writing, so the incident’s scale remains unclear.

Revolut customers were targeted in a fraudulent emergency data request sent via an email at a “government agency.” https://t.co/sS2sbwAt8r

— Mark Karpelès (@MagicalTux) September 12, 2026

Why Bitcoin records raise the stakes CoinDesk reported that the material included identity documents, account information, withdrawal records and Bitcoin-related transaction history. The customer notice did not indicate that private keys, seed phrases or direct access to customer funds had been exposed.

What the reported records could enable

Reported record Practical risk Passport or identity document More convincing identity-verification and account-recovery scams. Contact and account details Messages tailored to resemble a bank, exchange or compliance team. Bitcoin activity or withdrawal history A way to identify people likely to hold crypto and refer to genuine past transactions. Blockchain records do not contain passport details. The risk begins when a regulated platform’s records connect transactions to a verified identity. If reported wallet references, withdrawal details or transaction identifiers can be matched with public blockchain activity, that link may remain useful to attackers after an account password is changed.

Safe funds do not end the risk This was not a custody breach in the usual sense. But a detailed identity-and-activity profile can support months of fraudulent contact. An attacker who knows a person used Bitcoin, has their contact information and can cite a genuine withdrawal has a far more credible basis for a fake support or compliance message.

That is the same risk identified after the Bits of Gold customer-data breach: even when assets and private keys remain inaccessible, identity and wallet-related records can make impersonation attempts much more convincing.

A scammer does not need a seed phrase to exploit this information. They may instead ask for a one-time code, claim a wallet must be moved to a “secure” address, or direct a victim to a clone of a legitimate support page. The useful response is caution, not a rushed transfer.

Not every Bitcoin record identifies a public wallet Revolut says it maintains an internal ledger for customer crypto exposure. For that reason, the reported Bitcoin transaction history may refer to activity recorded inside Revolut rather than a complete list of public blockchain addresses.

The distinction matters. Revolut should clarify whether the data included external wallet addresses, transaction identifiers, destination information or only internal account history. These create very different levels of exposure and would determine how easily an attacker could connect a customer’s real identity to visible on-chain activity.

The available evidence supports a narrower conclusion: no private-key leak has been reported, but the stated combination of identity documents and crypto-related records creates a distinct security concern.

What Revolut users can do now Users who received a Revolut notification should confirm it through the app’s support channel or by visiting Revolut directly, rather than following links in an email or social-media post. They should ask which exact data fields were disclosed and retain a copy of the response.

Revolut users who have not received a notice do not need to move assets or assume their data was exposed. They should watch for an in-app message or a notification sent through Revolut’s verified channels, review the security of their recovery email and phone number, and be especially cautious of unsolicited messages that mention crypto withdrawals or ask them to “secure” a wallet. Changing a password can protect account access, but it does not undo an identity-data disclosure, so the priority is to prevent impersonation rather than make rushed transfers.

Anyone concerned that identity-document data may be involved should treat unsolicited account-recovery, compliance and wallet-verification messages as high risk. No legitimate agent needs a seed phrase, password or one-time authentication code. The European Data Protection Board lists fraud, identity theft and financial loss among the possible consequences of personal-data breaches.

The next answer needs to be about linkability Revolut now needs to explain whether the disclosed records included external wallet addresses, transaction identifiers or only internal account history. That distinction will determine whether affected customers face a conventional identity-fraud problem or a more durable link between their real identity and publicly traceable Bitcoin activity.

This article is for informational purposes only and does not constitute legal, financial or cybersecurity advice.

Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.

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.

This site is protected by reCAPTCHA.

Fintech ve kripto hizmetleri sunan Revolut hakkında dikkat çeken bir veri güvenliği iddiası ortaya atıldı. Blockchain araştırmacısı ZachXBT’ye göre şirket, resmi bir kurumdan geliyormuş gibi hazırlanan sahte bir e-postayı gerçek kabul ederek bazı kullanıcıların kişisel bilgilerini üçüncü taraflarla paylaşmış olabilir. Sahte talebin resmi bir kurumun e-posta alan adını kullanması nedeniyle gerçek olarak değerlendirilmiş olabileceği öne sürülüyor. Olayın şimdilik sınırlı sayıda kullanıcıyı etkilediği belirtilirken, paylaşıldığı iddia edilen kişisel ve finansal verilerin kapsamı dikkat çekiyor.

Revolut Sahte E-postayı Gerçek Sanmış Olabilir ZachXBT’nin kişisel kanalında paylaştığı bilgilere göre olay, Revolut’a resmi bir devlet kurumundan gönderilmiş gibi görünen müşteri bilgi talebiyle başladı. Söz konusu e-postanın kurumun resmi e-posta alan adını kullandığı ve geçerli alan adı doğrulama bilgilerine sahip olduğu öne sürüldü. Bu nedenle talebin Revolut tarafından gerçek kabul edilmiş olabileceği belirtiliyor. Şirketin sahte talebi zamanında tespit edememesi sonucunda bazı kullanıcı bilgilerine erişim sağlanmış veya bilgiler talebe yanıt olarak üçüncü taraflarla paylaşılmış olabilir.

İlginizi Çekebilir: Robinhood Hamlesi 2 Altcoin’i Uçurdu: Yüzde 500’lük Ralli

İddiaya göre potansiyel olarak etkilenen verilerin kapsamı oldukça geniş. Kullanıcıların temel kişisel bilgilerinin yanı sıra kimlik belgeleri ve finansal işlem geçmişlerinin de olaydan etkilenmiş olabileceği belirtiliyor.

Potansiyel olarak paylaşıldığı öne sürülen bilgiler arasında şunlar bulunuyor:

Ad, soyad ve doğum tarihi Meslek, adres, e-posta adresi ve telefon numarası Pasaport veya sürücü belgesi kopyaları Kimlik doğrulama sırasında çekilen selfie görüntüleri Hesap ekstreleri ve IBAN bilgileri Para çekme kayıtları Bitcoin işlemleri dahil kapsamlı işlem geçmişleri Revolut’un kullanıcılara gönderdiği güvenlik bildiriminde ise biyometrik yüz telemetrisi verilerinin olaydan etkilenmediği belirtildi.

Yüksek Varlığa Sahip Kullanıcılar Hedef Alınmış Olabilir ZachXBT, olayın mevcut durumda sınırlı ölçekte göründüğünü ancak özellikle yüksek varlığa sahip kullanıcıların hedef alınmış olabileceğine dikkat çekti. Birden fazla Revolut kullanıcısının kısa süre önce olayla bağlantılı güvenlik bildirimleri aldığı da aktarıldı. Eğer iddialar doğrulanırsa saldırının doğrudan Revolut sistemlerini ele geçirmek yerine, resmi kurum talebi gibi görünen sahte bir iletişim üzerinden gerçekleştirildiği anlaşılacak. Bu durum, sosyal mühendislik yöntemlerinin finans şirketleri açısından oluşturduğu güvenlik risklerini yeniden gündeme getiriyor.

Şu aşamada kaç kullanıcının olaydan etkilendiği ve üçüncü tarafların tam olarak hangi verilere eriştiği netlik kazanmış değil. ZachXBT’nin açıklamaları olayın sınırlı olabileceğine işaret etse de kimlik belgeleri, iletişim bilgileri ve finansal işlem geçmişlerinin potansiyel olarak paylaşılmış olması güvenlik endişelerini artırıyor. Özellikle kimlik ve iletişim bilgilerinin kötü niyetli kişilerin eline geçmesi, etkilenen kullanıcıların ilerleyen dönemde hedefli dolandırıcılık veya kimlik avı girişimleriyle karşılaşma riskini artırabilir.

Değerlendirme Revolut hakkındaki iddia, finans ve kripto sektöründe kullanıcı verilerinin korunmasında yalnızca teknik güvenliğin değil, resmi bilgi taleplerinin doğrulanmasının da kritik olduğunu gösteriyor. Olayın kapsamı şimdilik sınırlı görünse de paylaşıldığı öne sürülen bilgilerin hassasiyeti dikkat çekiyor. Önümüzdeki süreçte Revolut’un olayın kapsamına ilişkin yapacağı açıklamalar ve etkilenen kullanıcı sayısının netleşmesi yakından takip edilecek. Kullanıcılara gönderilen güvenlik bildirimleri ise şirketin olayla bağlantılı riskleri değerlendirmeye başladığına işaret ediyor.

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.

The Federal Reserve is heading toward a major policy test as markets now see an 87% chance of a rate hike at the September 15–16 meeting. The shift comes after August CPI kept inflation above the Fed’s 2% target. 

With Bitcoin near $77,256, traders are now watching how higher rates could affect the crypto market.

Economists Now See a September Fed Rate HikeMarkets have sharply shifted toward a September Fed rate hike. Nearly all economists now expect a 25-basis-point increase at the September 15–16 meeting, while rate futures put the odds at 87%, up from 72% a day earlier. The Fed currently holds its target rate at 3.50%–3.75%.

Earlier, most economists expected the Fed to keep rates unchanged because inflation was easing and the U.S. midterm elections were approaching. Only 13 of 48 economists expected a hike this month.

But hotter inflation has changed the outlook. U.S. inflation came in slightly hotter than expected, driven by stronger core prices. On a yearly basis, CPI rose 3.4%, matching expectations, while core CPI stood at 2.4%, also in line with forecasts.

Chief economist Heather Long said a September hike is now “almost locked in,” as the risk of inflation staying high continues to grow.

A September Fed rate hike is almost locked in now

85% chance the Fed hikes next week.
It's the right call.
The risks are growing that inflation remains entrenched (or keeps broadening). Fed Chair Warsh doesn't want to make the same mistake Powell did of waiting too long to… pic.twitter.com/RdGcjhTP4G

— Heather Long (@byHeatherLong) September 11, 2026 That would be the first Fed rate increase in three years.

Markets Now Expect Three Fed Rate HikesMeanwhile, traders now see at least three rate hikes through June 2027, up from two previously, with a base case of four hikes by July 2027.

That is a major shift from the start of 2026, when markets were pricing in four rate cuts over the same period.

Former Fed Vice Chair Richard Clarida said, “If we get a hike next week, certainly we’ll get additional ones.” He added that it would not be a “one and done” move.

The shift points to a higher-for-longer rate outlook as investors prepare for the Fed to keep fighting inflation.

What Could a Fed Hike Mean for Bitcoin?Higher interest rates usually make riskier assets less attractive because investors can earn more from safer assets such as government bonds. That can reduce the money flowing into Bitcoin, Ethereum, and other cryptocurrencies.

Bitcoin and Ether moved higher after the data, with Bitcoin briefly approaching $77,500 while Ether climbed above $2,511.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

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.

This site is protected by reCAPTCHA.

Cryptocurrency mining farm. Image credits: Wikimedia Commons

In July 2021, 1,069 confiscated bitcoin mining units, worth a total of 5.3 million ringgit ($1.25 million), were lined up in the parking lot of a police station in Miri and crushed one by one with steamrollers, the culmination of several joint raids that police in Miri, Sarawak, and Sarawak Energy Berhad had carried out between February and April 2021, according to Bernama and The Star.

Police said evidence gathered from miners who had illegally tapped SEB's power lines showed losses of 8.4 million ringgit (about $2 million). As a result, eight people were detained, and six of them were charged with electricity theft under Section 379 of Malaysia's Penal Code, drawing sentences of up to eight months in jail and fines of up to 8,000 ringgit (about $1,900), The Star reported. The Electricity Supply Act 1990 allows for stiffer penalties under Section 37(1), which some reports put at up to 1 million ringgit in fines and 10 years in prison for tampering with installations in a way that endangers life or property, while other accounts and the government's own published version of the Act cite a lower ceiling of 100,000 ringgit and five years.

Across Malaysia and in several other countries, cheap or free electricity can make illegal mining more attractive for people looking to cash in on crypto without paying for the power it takes to run.The raid destroyed machines worth roughly $1.25 millionThe 1,069 rigs were seized in six raids carried out between February and April 2021 in Borneo, in a joint operation by the Miri police and SEB, the state utility company, which valued the equipment at 5.3 million ringgit, or roughly $1.25 million at the exchange rate at the time, and put its own loss from the theft at 8.4 million ringgit.

Rather than letting the hardware return to use, as happened in China earlier that year, Malaysia decided to destroy it.

Assistant Commissioner Hakemal Hawari, the leading police officer handling the case in Miri, stated that this was done following an intelligence report regarding miners connecting to SEB's power grid.Electricity theft was valued at close to $2 millionThe SEB estimated that they had been robbed of 8.4 million ringgit, which is about $2 million based on 2021 exchange rates.

A total of eight people were arrested in relation to the theft of electricity to mine bitcoins, and six of them faced charges in court under Section 379 of Malaysia's Penal Code, with fines of up to 8,000 ringgit (about $1,900). Hawari further associated the electricity theft with three house fires in the area, and also stated that overloaded, unauthorised wiring could cause power outages and endanger lives.

Section 37(1) of the Electricity Supply Act 1990 is also cited by some reports as carrying penalties of up to 1 million ringgit in fines and 10 years' imprisonment for tampering with installations in a way that endangers life or property, though other reports and the government's own published version of the Act put the maximum at 100,000 ringgit and five years.Why mining machines draw so much power in the first placeBitcoin mining is an energy-intensive process, requiring nonstop calculations to verify transactions and generate new coins, and the more computing power the network throws at the problem, the harder those calculations become. In an August 2023 report titled "Bitcoin electricity consumption: an improved assessment," Alexander Neumueller, research lead at the Cambridge Centre for Alternative Finance, revised the group's 2022 estimate of the network's annual electricity use down from 105.3 terawatt hours to 95.5 terawatt hours, after finding that outdated assumptions about the efficiency of ASIC mining hardware had overstated demand.

Antminer ASIC Miner. Image credits: Wikimedia Commons

A 2022 paper in the journal Energy & Environment, by researchers Dindar and Gül, looked specifically at how utilities can identify mining farms that are stealing power. As mentioned by the authors, the primary evidence lies in the electricity signature and not in the usage of power. In their experiments conducted on the neutral line of the power grid, they found specific harmonics generated by mining data centers, which indicate that the power companies may identify illicit farms through monitoring the quality of electricity data.Malaysia's crackdown fits a wider regional patternMalay Mail reported in March 2021 that Melaka police were hunting a bitcoin miner accused of causing about 9 million ringgit ($2.2 million) in losses to the utility company Tenaga Nasional Berhad (TNB). Three months later, China's province of Sichuan took measures to shut down its mining activities due to environmental reasons, leading the miners to move to less restrictive locations.

In Malaysia, destroying the devices rather than reselling them appears intended as a warning to would-be miners elsewhere: Miri's police chief said that, for now, there are no other active mining operations left in the area.

Together, the Cambridge and Energy & Environment research point to the same underlying vulnerability: wherever electricity is cheap to steal and oversight is thin, mining's power costs make theft profitable enough to keep tempting operators. While the steamroller in Miri made for a striking image, the more effective fix, the detection research suggests, is stopping the theft right at the meter.

Bitcoin ETFs saw a sharp drop in demand this week, with $462.6 million in outflows, compared with nearly $1 billion in inflows last week. The shift comes as Bitcoin faces fresh pressure after inflation data showed Core CPI at a five-year low of 2.4%. 

With the Federal Reserve’s policy decision due next week, investors are now watching closely to see if demand for Bitcoin ETFs will fall further.

Bitcoin ETF Record Outflows Continue This WeekMonday started on a bearish note for Bitcoin. The price pulled back after its August rally as investors took profits and U.S. Treasury yields rose. Since the start of this week, Bitcoin has fallen from a high of $81,427 to around $76,000, and is now trading near $77,343.

U.S. spot Bitcoin ETFs recorded $462.6 million in net outflows from September 8 to September 11, after U.S. markets were closed on Monday, September 7, for Labor Day.

ETF selling began with $46.6 million in outflows on September 8, followed by another $120.2 million on September 9. The selling then increased sharply on September 10, when investors pulled $282.6 million, the largest single-day outflow of the week.

Bitcoin also came under pressure on September 10, falling below $77,000. The decline came as hotter than expected U.S. inflation data increased concerns that the Federal Reserve could raise interest rates.

On Friday, September 11, Bitcoin ETFs recorded another $13.2 million in net outflows, extending the week’s negative flow trend.

This is completely different from last week’s flow, which recorded an inflow of $1 billion alone. 

ARKB and GBTC Lead This Week’s SellingThe latest selling was concentrated in several major funds. ARKB recorded around $250.3 million in outflows during the week, while GBTC lost about $129.1 million.

IBIT also saw around $52.5 million leave the fund, while FBTC recorded roughly $50.7 million in outflows. Morgan Stanley’s MSBT was one of the few funds to remain positive, attracting around $19.7 million during the week.

How Will Bitcoin Perform Next Week?Bitcoin (BTC) could see higher volatility next week, with the Federal Reserve’s interest rate decision on September 16 likely to drive market moves. Markets are currently pricing in an 87% chance of a 25-basis-point rate hike.

For a bullish move, Bitcoin needs a daily close above $79,500 to regain a stronger market structure.

However, if macro pressure pushes BTC below $76,000, the price could fall toward the 200-day EMA at $72,858. 

A break below this level could lead to a deeper pullback toward $70,000.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

A number of Revolut customers reported being told that some of their personal and financial data, including Bitcoin transactions, was disclosed in response to a government request believed to be legitimate.

According to an email text shared by onchain sleuth ZachXBT, the request was sent from an unauthorized email account using the government agency’s official domain and carried valid domain authentication credentials.

The exposed data included customers’ full names, dates of birth, occupations, postal addresses, email addresses and telephone numbers. Identity and verification information, including passport or driver’s license copies and verification selfies, was also listed.

The exposed financial data included account statements, IBANs, withdrawal records and full transaction histories, including Bitcoin activity. The email said biometric facial telemetry data was not shared.

Experts suggested that Revolut may have failed to recognize that the request was fraudulent before sharing customer information.

“While the incident is likely limited in size it seems to have been targeted at high net worth users,” ZachXBT said.

Revolut has yet to comment on the reported data exposure.

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