Payment firm Lydian has announced that its merchant checkout application Lydian Pay is now available on Apple App Store and Google Play. Merchants can download the free app on their existing smartphones or tablets, complete verification, and start accepting payments—no card readers, contracts, or additional hardware required. Customers pay via digital asset wallets, while merchants settle funds to their existing bank accounts in local fiat currency. Lydian does not hold custody of merchants’ funds, and payment records can be reconciled through the Lydian Merchant Portal. The app supports merchants to select their accepted wallets, assets, and networks; it currently covers assets including USDT, USDC, BTC, ETH, TRX, and networks such as Ethereum, Tron, Polygon, Solana, Arbitrum, Base, and Bitcoin.
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Ledger: German retail and distribution inventory devices show no signs of tampering, and no financial loss reports have been received across Europe.
Hardware wallet provider Ledger’s security team Donjon has updated on a German-related report, stating that after receiving a report from a German user, it inspected inventory devices at retail outlets and distributors in the country, including products at the named stores, and found no signs of tampering. Ledger also noted that there have been no reports of financial losses linked to hardware implants across Europe. Separately, regarding the suspected abnormal devices circulating online, the security team has not obtained physical units for testing. It has now invited holders of such devices to send them to Ledger’s security team for further analysis, with investigation results to be made public.
41 minutes ago
Hyperliquid HIP-3 Cumulative Revenue Reaches $75 Million
Hyperliquid’s HIP-3 has generated a total of $75 million in cumulative revenue, with $37.5 million going to deployers and the remaining $37.5 million allocated for repurchasing and burning Hyperliquid’s native token. HIP-3, the Builder-deployed perpetual contract mechanism, allows eligible deployers to launch their own perpetual markets on Hyperliquid: they can define oracles, contract specifications, and manage operations, while leveraging the protocol’s core infrastructure such as order books and liquidation systems. Fees from these markets are typically split 50/50 between deployers and the protocol, with the protocol’s revenue share used for token repurchases and burns.
Beating AI Express News: xAI has launched its speech-to-speech model Grok Voice 3.0, claiming it ranks first on the Speech-to-Speech Index in an independent test by Artificial Analysis, scoring 86.9 points—higher than Grok Voice 2.0 (81.3), GPT-Live-1 (83.2), and Gemini 3.8 Live (82.6). The model also features end-to-end latency of under 1 second. It is now available via the Voice Agent API, priced at $0.08 per minute, matching the previous generation; agents using the "grok-voice-latest" tag will automatically switch to the new model. According to xAI, Grok Voice handles millions of daily conversations for Tesla and SpaceX: Starlink’s customer service center receives around 20,000 calls daily, with roughly 70% resolved without human intervention, and about a quarter of sales calls resulting in a purchase before the call ends. On benchmarks, Grok Voice scores 74% accuracy on ServiceNow EVA-Bench and 71.6% on τ-Voice, which the company says is comparable to GPT-Live-1 but with roughly 40% lower latency.
41 minutes ago
White House Crypto Committee 'effectively defunct' as Executive Director Patrick Witt’s secondment is set to expire.
Crypto journalist Eleanor Terrett said she emailed the White House three times over the past week to inquire whether Patrick Witt still serves as executive director of the White House Crypto Council, and received no reply. Witt himself declined to comment. Sources familiar with the matter disclosed that Witt, a U.S. Department of Defense employee temporarily seconded to the White House Crypto Council, has reached or is nearing the end of his secondment, with his reappointment status unclear. Earlier this year, he delayed his service in the Georgia National Guard, and is expected to resume his military service soon. Terrett added that Harry Jung, deputy director of the White House Crypto Council, left his post at the end of July, and after David Sacks’ tenure as Crypto and AI “tsar” concluded, Witt is now the only remaining staff member of the council. The crypto policy community is now debating: after the CLARITY Act (officially the Crypto Market Structure Act) failed to advance in the Senate, whether the White House still prioritizes the crypto industry. The relevant personnel changes have not yet been officially confirmed by the White House.
41 minutes ago
US stocks slump, with the optical communication sector leading the decline; semiconductor, storage, and crypto-related stocks all fall across the board, and Strategy drops 5.8%.
According to market data from BIT (bit.com), during U.S. stock trading hours, the S&P 500 index’s decline widened to 1.1%, the Nasdaq fell 1.64%, and the Dow Jones Industrial Average dropped 0.3%. Semiconductor, storage, optical communication, and crypto-related stocks all fell across the board, with the optical communication sector leading losses, as most major individual stocks in the sector declined by over 7%. In the semiconductor and storage sectors: Seagate Technology (STX) fell 2.8%; Western Digital (WDC) dropped 3.2%; SanDisk (SNDK) declined 4.7%; Micron Technology (MU) fell 3.3%; NVIDIA (NVDA) dropped 2.9%; Intel (INTC) fell 4.2%; Advanced Micro Devices (AMD) declined 5.3%. Among crypto-related stocks: Strategy (MSTR) fell 5.8%; Coinbase (COIN) dropped 4.6%; Circle (CRCL) declined 6.4%; BitMine Immersion (BMNR) fell 5.3%; SharpLink Gaming (SBET) dropped 7.4%. In the optical communication sector: Pure Photonics ETF (FOTO) fell 6.2%; Marvell Technology (MRVL) dropped 5.8%; AAOI (Applied Optoelectronics) declined 9.8%; LITE (Lumentum Holdings) fell 7.2%; COHR (Coherent Corp.) dropped 7.8%; CIEN (Ciena Corporation) declined 7.8%.
41 minutes ago
USDC designated as EU's first 'systemically important e-money token'
The European Banking Authority (EBA) announced that it has classified USDC, issued by Circle Internet Financial Europe SAS, as an Important Electronic Money Token (EMT) under the EU’s Markets in Crypto-Assets (MiCA) regulation. To date, 45 EMTs in the EU have completed notification under MiCA, with USDC being the first to be designated as an Important EMT. Starting November 12, 2026, USDC will be subject to dual supervision for Important EMTs under MiCA: direct regulatory responsibilities for own funds, asset reserves, liquidity requirements, and recovery and redemption plans will be transferred from the French Prudential Supervision and Resolution Authority (ACPR) to the EBA; ACPR will retain oversight of governance, qualifying holdings, suitability assessments, outsourcing, and conflicts of interest. USDC is issued by Circle Internet Financial Europe SAS in the EU and Circle Internet Financial, LLC in the U.S. The EBA has signed a memorandum of understanding (MoU) with the New York State Department of Financial Services to facilitate cooperation and information exchange on cross-border stablecoin activities.
PANews, October 14 – According to official sources, Gate founder and CEO Dr. Han recently sat down for an exclusive interview with Fortune, sharing Gate's strategic thinking on evolving from a crypto asset trading platform into an integrated financial services application. During TOKEN2049 Singapore, Gate officially launched Gate Money, built around the core concept of "One Gate, Everything Money," bringing fiat currency, digital assets, stocks, ETFs, gold, bank accounts and payments together on a single platform. Users in eligible regions can open a global bank account in their own name online, with support for receiving more than 60 local currencies to be added in the future. Gate Card bridges assets and spending scenarios, allowing multiple asset types – including fiat currency, digital assets, tokenized gold and stocks – to be used more flexibly for everyday payments. Gate Money also supports QR code payments via local payment codes in certain countries and regions.
Dr. Han said that, building on Gate's long-accumulated capabilities in trading, liquidity and asset services, Gate Money expands fund management and real-world payment scenarios. In his vision: "In users' perception, assets are inherently a whole; even if they exist in five different forms, they should be managed in a unified way within a single app." Therefore, Gate Money aims to let users complete holding, trading, exchanging, yield management and spending within the same account, while offering more options for the flow between different asset forms – rather than making judgments on users' behalf.
At present, Gate has served more than 61 million users worldwide, covering over 130 countries and regions. Looking ahead to the next five years, Dr. Han expects the tokenization of traditional assets to continue advancing, and AI Agents to further change how users manage and use their funds. From serving traders to connecting broader capital needs, Gate is extending its digital asset capabilities into more complete financial life scenarios.
Sui entered October after a sharp token rally. Then its Basecamp conference delivered three announcements that could determine whether investors have something lasting to buy into: Samsung Wallet integration, a Google Cloud project, and a speed record.
At the Singapore event, Sui laid out plans for a future where AI software moves money on people’s behalf.
1. Samsung Could Put Sui in Millions of PhonesSamsung Wallet is integrating USDC transfers over Sui on 82 million US Galaxy devices. Users will be able to send digital dollars without network fees or buying SUI first.
Mysten Labs co-founder Adeniyi Abiodun said: “Our goal has long been to make money movement free and as easy as sending an email.”
The deal could bring new payment activity in the network.
Samsung Wallet is integrating Sui!$USDC on Sui support, built into Samsung Wallet on 82 million U.S. Galaxy devices.
With gasless transfers, $USDC on Sui moves with zero network fees.
Learn more:https://t.co/oi8h9oBAyK
— Sui (@SuiNetwork) October 8, 2026 2. Google Cloud Tackles AI’s Trust ProblemMysten Labs and Google Cloud are developing Verifiable Agent Arbiter, designed to prove whether AI agents followed instructions.
Activity records stay private, with cryptographic proofs written to Walrus and Sui.
Mysten Labs CEO Evan Cheng said: “AI agents are starting to make decisions with financial and legal consequences, and we need systems to ensure they cannot exceed their authority. This requires evidence any counterparty can verify.”
Walrus Foundation’s Kimberly Logan added: “Verifiable Agent Arbiter enables companies and individuals to prove their agents acted within the bounds of their authority, and they can prove it anywhere to anyone in a fully trustless way. This is going to support agentic workflows across trust boundaries and industries, unlocking the types of experiences that we previously could only talk about in the abstract. And this is one of the biggest companies in the world acknowledging that a credibly neutral layer is the only place where this can happen.”
3. Sui Demonstrates 40 Million Transactions Per SecondSui reported 40.6 million transactions per second in a live stress test, using programmable offchain tunnels that ultimately settle to its blockchain.
This could make machine payments cheaper. Crucially, the figure measures activity inside those tunnels, rather than 40 million transactions directly executed on mainnet.
SUI BASECAMP 2026:
HERE’S EVERYTHING ANNOUNCED, FROM SAMSUNG WALLET TO A 40.6M TPS DEMO
Sui wrapped up its two-day Basecamp event in Singapore with major announcements across payments, AI, Bitcoin finance and blockchain infrastructure.
Samsung Wallet is integrating USDC on…
— Wall St Engine (@wallstengine) October 8, 2026 What Does This Mean for SUI’s Market Performance?SUI rallied nearly 50% in September. The announcements strengthen Sui’s adoption prospects, but their effect on SUI demand remains uncertain.
These developments could broaden Sui’s appeal beyond crypto traders, opening the network to several new markets.
Samsung Wallet offers the clearest path to mainstream adoption. It could bring everyday consumers and payment providers onto Sui, particularly those using stablecoins for international transfers.
However, more USDC transactions do not automatically mean greater demand for SUI.
Meanwhile, Google Cloud’s collaboration targets institutional adoption.
Banks and other enterprises developing AI agents could use Sui and Walrus to verify automated financial decisions and meet compliance requirements. Actual enterprise deployments will determine its impact.
Sui Monthly Price Chart. Source: BeInCryptoFor SUI investors, these announcements strengthen the network’s long-term growth prospects. Yet partnerships alone cannot sustain a price rally.
The real test heading into 2027 will be whether Sui converts these opportunities into measurable network usage and stronger demand for its native token.
Arbitrum (ARB) logged 18,033 developer commits in the past 30 days, ahead of Ethereum, Cardano, Sui and Avalanche, according to Chainspect data.
Arbitrum has recorded 18,033 developer commits over the past 30 days, according to data from @chainspect_app. That puts @arbitrum ahead of every other chain tracked, including @Ethereum, @Cardano, @SuiNetwork and @Avax, as activity around the $ARB ecosystem builds into the fourth quarter of 2026.
What the commit data showsDeveloper commits are a widely used proxy for how actively a network's core code is being built and maintained. They do not measure code quality or user adoption, and a high count can reflect many small updates rather than major releases. Even so, sustained volume is often read as a sign of ongoing investment in a protocol.
The latest figure is higher than a reading reported earlier this autumn. CoinMarketCap, citing Chainspect, noted that Arbitrum logged 14,036 commits to its protocol repositories in the previous month, well ahead of Cardano at 4,023 and Sui at 2,746. It linked part of that activity to the development of Robinhood Chain, which is built on Arbitrum technology.
On a cumulative basis, Chainspect's chain page lists more than 214,000 commits and about 2,468 developers for Arbitrum since launch. Chainspect's comparison pages also show Arbitrum with roughly 2.5 times the all-time commits of Avalanche.
Ecosystem context for ARBArbitrum is an Ethereum layer 2 network that launched in 2021. The Arbitrum Foundation's H1 2026 progress report said its Builder's Block developer newsletter published 12 editions in the first half of the year and passed 10,000 subscribers. The report also said the Foundation's 250M ARB Strategic Partnerships Budget, approved by the ArbitrumDAO in October 2024, supports milestone-based partnerships across RWAs, fintech, Arbitrum chains and DeFi.
The same report noted that 92.3% of ARB supply was already unlocked as of August 17, 2026, with the schedule due to finish in March 2027. Developer activity does not by itself determine token performance, and supply dynamics remain a separate factor for $ARB holders to weigh.
Commit counts can also vary depending on which repositories a data provider tracks and how it filters bot or automated activity, so rankings may differ across platforms. Chainspect's methodology is the basis for the figures cited here.
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.
Tether AI Research has released an open-source multilingual automatic speech recognition (ASR) model named QVAC TranscribePsy, which has around 254 million parameters and can run fully on-device—no audio upload to the cloud required. The company noted the model can process audio from smart glasses connected via Bluetooth or Wi-Fi in near real time, and also operate on onboard processors of humanoid robots. On the Core ML version for iPhone 17 Pro Max, transcribing 10 minutes of audio takes roughly 1.65 seconds. According to its published benchmark data, TranscribePsy achieves a word error rate (WER) of 8.02% on the Open ASR Leaderboard, 6.58% on Multilingual LibriSpeech, and 21.56% on Common Voice. Among six tested smartphones, it is the fastest in speed, approximately 2.6 times faster than the second-fastest model. The model supports 25 European languages for laptops and 8 European languages for mobile phones, with model weights and builds in formats including GGUF and Core ML released under the Apache 2.0 license. Tether CEO Paolo Ardoino stated that he hopes advanced speech AI can run locally on users’ own devices, ensuring data does not leave the device.
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Ledger: German retail and distribution inventory devices show no signs of tampering, and no financial loss reports have been received across Europe.
Hardware wallet provider Ledger’s security team Donjon has updated on a German-related report, stating that after receiving a report from a German user, it inspected inventory devices at retail outlets and distributors in the country, including products at the named stores, and found no signs of tampering. Ledger also noted that there have been no reports of financial losses linked to hardware implants across Europe. Separately, regarding the suspected abnormal devices circulating online, the security team has not obtained physical units for testing. It has now invited holders of such devices to send them to Ledger’s security team for further analysis, with investigation results to be made public.
16 minutes ago
Hyperliquid HIP-3 Cumulative Revenue Reaches $75 Million
Hyperliquid’s HIP-3 has generated a total of $75 million in cumulative revenue, with $37.5 million going to deployers and the remaining $37.5 million allocated for repurchasing and burning Hyperliquid’s native token. HIP-3, the Builder-deployed perpetual contract mechanism, allows eligible deployers to launch their own perpetual markets on Hyperliquid: they can define oracles, contract specifications, and manage operations, while leveraging the protocol’s core infrastructure such as order books and liquidation systems. Fees from these markets are typically split 50/50 between deployers and the protocol, with the protocol’s revenue share used for token repurchases and burns.
Beating AI Express News: xAI has launched its speech-to-speech model Grok Voice 3.0, claiming it ranks first on the Speech-to-Speech Index in an independent test by Artificial Analysis, scoring 86.9 points—higher than Grok Voice 2.0 (81.3), GPT-Live-1 (83.2), and Gemini 3.8 Live (82.6). The model also features end-to-end latency of under 1 second. It is now available via the Voice Agent API, priced at $0.08 per minute, matching the previous generation; agents using the "grok-voice-latest" tag will automatically switch to the new model. According to xAI, Grok Voice handles millions of daily conversations for Tesla and SpaceX: Starlink’s customer service center receives around 20,000 calls daily, with roughly 70% resolved without human intervention, and about a quarter of sales calls resulting in a purchase before the call ends. On benchmarks, Grok Voice scores 74% accuracy on ServiceNow EVA-Bench and 71.6% on τ-Voice, which the company says is comparable to GPT-Live-1 but with roughly 40% lower latency.
16 minutes ago
White House Crypto Committee 'effectively defunct' as Executive Director Patrick Witt’s secondment is set to expire.
Crypto journalist Eleanor Terrett said she emailed the White House three times over the past week to inquire whether Patrick Witt still serves as executive director of the White House Crypto Council, and received no reply. Witt himself declined to comment. Sources familiar with the matter disclosed that Witt, a U.S. Department of Defense employee temporarily seconded to the White House Crypto Council, has reached or is nearing the end of his secondment, with his reappointment status unclear. Earlier this year, he delayed his service in the Georgia National Guard, and is expected to resume his military service soon. Terrett added that Harry Jung, deputy director of the White House Crypto Council, left his post at the end of July, and after David Sacks’ tenure as Crypto and AI “tsar” concluded, Witt is now the only remaining staff member of the council. The crypto policy community is now debating: after the CLARITY Act (officially the Crypto Market Structure Act) failed to advance in the Senate, whether the White House still prioritizes the crypto industry. The relevant personnel changes have not yet been officially confirmed by the White House.
16 minutes ago
US stocks slump, with the optical communication sector leading the decline; semiconductor, storage, and crypto-related stocks all fall across the board, and Strategy drops 5.8%.
According to market data from BIT (bit.com), during U.S. stock trading hours, the S&P 500 index’s decline widened to 1.1%, the Nasdaq fell 1.64%, and the Dow Jones Industrial Average dropped 0.3%. Semiconductor, storage, optical communication, and crypto-related stocks all fell across the board, with the optical communication sector leading losses, as most major individual stocks in the sector declined by over 7%. In the semiconductor and storage sectors: Seagate Technology (STX) fell 2.8%; Western Digital (WDC) dropped 3.2%; SanDisk (SNDK) declined 4.7%; Micron Technology (MU) fell 3.3%; NVIDIA (NVDA) dropped 2.9%; Intel (INTC) fell 4.2%; Advanced Micro Devices (AMD) declined 5.3%. Among crypto-related stocks: Strategy (MSTR) fell 5.8%; Coinbase (COIN) dropped 4.6%; Circle (CRCL) declined 6.4%; BitMine Immersion (BMNR) fell 5.3%; SharpLink Gaming (SBET) dropped 7.4%. In the optical communication sector: Pure Photonics ETF (FOTO) fell 6.2%; Marvell Technology (MRVL) dropped 5.8%; AAOI (Applied Optoelectronics) declined 9.8%; LITE (Lumentum Holdings) fell 7.2%; COHR (Coherent Corp.) dropped 7.8%; CIEN (Ciena Corporation) declined 7.8%.
16 minutes ago
USDC designated as EU's first 'systemically important e-money token'
The European Banking Authority (EBA) announced that it has classified USDC, issued by Circle Internet Financial Europe SAS, as an Important Electronic Money Token (EMT) under the EU’s Markets in Crypto-Assets (MiCA) regulation. To date, 45 EMTs in the EU have completed notification under MiCA, with USDC being the first to be designated as an Important EMT. Starting November 12, 2026, USDC will be subject to dual supervision for Important EMTs under MiCA: direct regulatory responsibilities for own funds, asset reserves, liquidity requirements, and recovery and redemption plans will be transferred from the French Prudential Supervision and Resolution Authority (ACPR) to the EBA; ACPR will retain oversight of governance, qualifying holdings, suitability assessments, outsourcing, and conflicts of interest. USDC is issued by Circle Internet Financial Europe SAS in the EU and Circle Internet Financial, LLC in the U.S. The EBA has signed a memorandum of understanding (MoU) with the New York State Department of Financial Services to facilitate cooperation and information exchange on cross-border stablecoin activities.
US inflation accelerated to 3.7% in September, coming in above expectations. The result adds another macro risk for Bitcoin just as is close to a key daily support area.
Key Takeaways
Headline CPI rose 0.6% in September and 3.7% year over year.
Core inflation held at 0.3% for the month but reached 2.6% annually.
Gasoline rose 9.1%, while shelter also accelerated during the month.
A daily Bitcoin close above $80,500 remains an immediate chart checkpoint.
PPI, retail sales and a Fed speech could shape the next macro response.
The September report was broader than one jump in gasoline
The Bureau of Labor Statistics said the Consumer Price Index rose 0.6% on a seasonally adjusted basis in September, following a 0.4% increase in August. The annual rate moved to 3.7% from 3.4% in the previous report.
Energy drove much of the monthly increase. Gasoline rose 9.1% and accounted for more than half of the all-items gain, while the wider energy index climbed 5.2%. Over the past year, energy prices were up 20.4%, with gasoline up 34.2%.
However, the report did not point only to fuel costs. Core CPI, which excludes food and energy, rose 0.3% for a second month and accelerated to 2.6% year over year from 2.4%. Shelter increased 0.4% after a 0.3% gain in August, while used cars, airline fares, recreation, education and apparel also rose during the month.
That mix gives markets a more complicated reading than an energy-led spike alone. Higher oil prices can reverse quickly; a firmer core measure and higher shelter costs may be harder for policymakers to dismiss.
Bitcoin’s first move may not settle the inflation question
Stronger-than-expected inflation can push traders to reconsider the timing and scale of future interest-rate cuts. Bond yields and the dollar often react first, and Bitcoin can move alongside broader changes in risk appetite.
Yet the first response to CPI often proves incomplete. Traders initially focus on the headline, then reassess the report’s composition, the response in traditional markets and the next set of economic data. A sharp move immediately after the release can therefore reverse before the daily candle closes.
The daily close leaves $80,500 in focus
Bitcoin’s recent defence of the $81,000 area established the nearby support range now under scrutiny. A daily close above $80,500 could indicate that the market has absorbed the first inflation reaction without losing that structure.
The chart checkpoint
$80,500 is the immediate daily-close level. Intraday volatility may reflect the first response to the CPI data; the close could offer a clearer view of whether buyers are still defending the broader support area.
The $80,000 zone sits just below that checkpoint. A sustained move beneath it could bring $70,500 into focus, where options-market positioning may become less supportive and a decline could become more volatile.
On the upside, $90,000 remains relevant because option sellers may need to adjust their hedges if Bitcoin moves above that area. That process can add momentum when it coincides with stronger spot demand, though it does not guarantee a continued advance.
Thursday’s releases may either reinforce or soften the CPI message
Producer-price data and retail-sales figures are due on Thursday at 12:30 UTC. PPI may offer a further reading on cost pressure earlier in the supply chain, while retail sales could show whether consumer demand remains resilient despite higher prices.
On Friday at 03:30 UTC, Federal Reserve official Kevin Warsh is scheduled to speak. Markets may look for clues about how policymakers are weighing renewed inflation pressure against growth and financial conditions.
Inflation has raised the bar for a sustained recovery
The CPI release delivered a faster headline increase, but it also showed that price pressure extended beyond energy. That leaves Bitcoin facing both an immediate technical test and a macro question that may take several sessions of trading to resolve.
For now, the market can watch whether Bitcoin holds above $80,500 at the daily close, then assess whether Thursday’s data and Friday’s Fed commentary strengthen or weaken the case for tighter financial conditions.
This article is provided for informational purposes only and does not constitute financial or investment advice. Economic data and technical levels can influence markets without determining future price movements.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP.
Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem.
To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem.
His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Bitcoin falls below 83,000 dollars this Wednesday, October 14, following a higher-than-expected U.S. inflation release. The CPI reaches 3.7% year-on-year in September, versus 3.6% expected. Core inflation also rises to 2.6%. Investors now fear further interest rate hikes by the U.S. Federal Reserve, while the crypto market is already struggling to regain momentum.
In brief
Bitcoin falls below 83,000 dollars after the U.S. CPI release.
Inflation reaches 3.7%, while Core CPI exceeds expectations at 2.6%.
Markets reassess risks of further Fed rate hikes.
Bitcoin plunges below $83,000 after the CPI surprise
The market awaited U.S. inflation figures. They have just been released, and bitcoin reacts immediately. BTC falls below 83,000 dollars after the Bureau of Labor Statistics release. A few hours earlier, it was still trading around 83,500 dollars. Selling pressure resumes as investors were already anticipating a difficult release.
The figures exceed forecasts on two key indicators. Overall inflation reaches 3.7% in September, up from 3.4% in August. Economists had expected 3.6%. Month-on-month, prices rose 0.6%, in line with expectations.
The Core CPI, which excludes food and energy, stands at 2.6% year-on-year. The consensus was 2.5%, after 2.4% in August. Its monthly increase reaches 0.3%, versus 0.2% expected. The surprise is therefore not huge in absolute value. However, it comes at a bad time for bitcoin. The market emerges from several difficult sessions. On October 7, BTC had already fallen below 84,000 dollars with 547 million dollars of crypto liquidations.
The latest inflation data now add macroeconomic pressure to this fragility. U.S. stock futures also fall after the release. Notably, the Nasdaq 100 loses nearly 0.5% in initial reactions.
The Fed could raise its rates longer than expected
The problem for bitcoin mainly comes from U.S. monetary policy. Higher-than-expected inflation reduces the Fed’s room for maneuver. To curb price increases, the central bank may keep rates high or decide on new hikes.
It actually raised its key rate by 25 basis points in September, bringing its range to 3.75-4%. Before the CPI, investors were mainly betting on a pause at the October 28 meeting. The release changes their expectations. According to market data reported by the Financial Times, the estimated probability of a rate hike in October rose from about 22% to 45% after the inflation figures.
Traders also factor in a scenario of three additional 25 basis point hikes over the coming quarters. This schedule remains a market anticipation, not a central bank commitment.
U.S. bonds are already reacting. The two-year Treasury yield reaches about 4.86%, driven by new monetary expectations. For bitcoin, higher bond yields present additional competition. Investors can obtain attractive yields on assets considered less risky.
Funding conditions also remain less favorable for speculative positions. The Fed has not yet made a new decision. It has several other economic statistics to review before its late-October meeting.
Bitcoin risks retesting $80,000
The return below 83,000 dollars puts several price levels back at the center of trading. Bitcoin had already tested the 81,000 dollar zone during previous corrections. The psychological threshold of 80,000 dollars then constitutes another milestone monitored by traders. On the upside, 84,000 and 85,000 dollars remain zones to reclaim to regain some stability.
The market, however, has little room after its recent turbulence. On October 12, Bitcoin’s drop below 82,000 dollars was accompanied by more than 406 million dollars in long position liquidations. These liquidations affected the entire crypto market, not only BTC.
U.S. Bitcoin ETFs also experienced a tough period. Between October 5 and 9, they recorded nearly 679 million dollars in net outflows. Pressure on investors therefore does not come solely from the CPI. The upcoming U.S. producer price release, scheduled for October 15, will provide a new element on inflation’s trend.
Bitcoin will also have to contend with rate expectations until the Fed’s decision on October 28. For now, the dip below 83,000 dollars illustrates BTC’s sensitivity to U.S. economic surprises. Stabilization of monetary expectations could calm sales. A new deterioration would make 80,000 dollars more exposed.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
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.
Nick Timiraos, a Wall Street Journal reporter widely known as the "Fed’s mouthpiece," said September’s underlying inflation came in above expectations for the second consecutive month, further bolstering the case for the Federal Reserve to raise interest rates again this year. Last month, Fed officials unanimously voted to hike rates, with nearly all policymakers projecting at the time another increase would come before the end of the year. September’s core CPI, which excludes food and energy prices, rose 0.33% month-over-month, beating nearly all Wall Street economists’ forecasts. Core CPI had climbed 0.29% month-over-month in August. This report raises two key questions for Fed officials. The more urgent one: after policymakers recently signaled they do not plan to adjust rates at their meeting in two weeks, can they still hold off on another hike until December? Some analysts argue that if officials ultimately intend to raise rates, there is little reason to delay, though Fed policymakers have not yet shown signs of reconsidering policy solely based on this single report. The more critical question is how high interest rates will ultimately need to climb. That depends on whether pressures from surging energy prices and the AI investment boom will spread to the broader economy.
Polymarket’s October rate hike odds rose about 25 percentage points to 43%, while unchanged rates held 57%. U.S. CPI inflation climbed to 3.7% in September, exceeding the 3.6% forecast and August’s 3.4% reading. Core CPI gained 0.3% monthly and 2.6% annually, both exceeding forecasts of 0.2% and 2.5%, respectively. September PPI arrives October 15; the October 27–28 Fed decision comes before September PCE on October 29. An inflation miss of just 0.1 percentage point triggered a much larger market repricing on October 14, lifting October rate-hike odds to 43%. September’s consumer price report delivered the catalyst, with annual U.S. CPI inflation reaching 3.7% against a 3.6% forecast. That comparison became a focal point for markets assessing whether inflation progress had stalled before the interest rate decision.
On Polymarket, the probability of a 25-basis-point increase climbed approximately 25 percentage points during Wednesday’s trading. However, unchanged rates retained a 57% probability ahead of the October 27–28 policy meeting. The figures captured a rapid shift in expectations without making another increase the favored outcome.
BREAKING: Market expectations for an October rate hike surge to 43% after US CPI inflation hits its third highest level since September 2023.
October rate hike expectations are up +25 percentage points today.
Another highly uncertain Fed decision is ahead. https://t.co/iyXcr6tbAu pic.twitter.com/NJi0k1ICiK
— The Kobeissi Letter (@KobeissiLetter) October 14, 2026
The report also showed core inflation running above forecasts, placing attention on price pressures beyond gasoline. The difference matters as energy-driven increases and broader inflation carry distinct implications for the central bank’s 2% inflation objective.
September CPI Hits 3.7% as Core Inflation Exceeds Forecasts Headline prices increased 0.6% in September, accelerating from August’s 0.4% monthly gain. Similarly, gasoline costs jumped 9.1% and accounted for more than half the increase. Meanwhile, the broader energy index climbed 5.2%, explaining much of the immediate pressure on household budgets. That left other categories contributing to a report dominated, but not defined, by energy.
Yet the increase extended into other spending categories. Shelter prices rose 0.4%, alongside higher prices for used vehicles, airline fares, medical care, and apparel. Those movements showed that inflation was not confined to fuel. These increases showed price pressure outside energy, an important distinction when interpreting the core inflation figures.
Core consumer prices, excluding food and energy, advanced 0.3% monthly, above the expected 0.2%. Annual core inflation reached 2.6%, compared with forecasts of 2.5% and August’s 2.4%. Both annual inflation readings remained above the central bank’s target.
CME Hike Odds Reach 43.7% Ahead of PPI and October Meeting The Fed had already increased its benchmark rate by 25 basis points to 3.75%–4.00% on September 16. Meeting minutes showed most policymakers considered another increase appropriate before year-end, while keeping decisions dependent on incoming economic data.
The shift was visible beyond Polymarket. CME FedWatch put the likelihood of an October increase at 43.7%, up from 22.1% before the inflation release. That represented a 21.6-percentage-point increase in expectations. Two-year Treasury yields climbed, the dollar strengthened, and U.S. equities declined as financial markets reacted.
Higher borrowing costs also affect liquidity conditions surrounding Bitcoin and Ethereum, although the inflation report provided no cryptocurrency price figures. Attention now turns to September’s Producer Price Index on October 15. September Personal Consumption Expenditures data are also scheduled for October 29, one day after the policy meeting concludes. For now, unchanged rates remain the leading October outcome.
Cardano founder Charles Hoskinson has praised the integration of RealFi yield into Strike Finance, a decentralized finance (DeFi) platform on Cardano.
In a post on X, Hoskinson said RealFi was now available through Strike, calling it one of the best decentralized applications (DApps) on Cardano.
Specifically, the integration allows users to earn returns from RealFi’s yield-generating assets alongside the returns from Strike Finance’s liquidity vaults.
RealFi also welcomed the partnership, saying it was great to see builders supporting each other.
Strike Adds RealFi Yield to Its Liquidity Vaults Strike Finance has integrated RealFi yield into its liquidity vaults, allowing users to earn returns from RealFi alongside Strike’s existing vault earnings. The platform says users can borrow USD at 0% interest against eligible collateral and deposit the borrowed funds into Strike Liquidity Provider (SLP) vaults.
Strike advertised annual percentage rates (APR) of up to 50% on USD. Its interface also showed rates of 49.27% for sUSDrf positions, 37.03% for ADA-backed positions, and 41.29% for a Sundae USDCx/USDM liquidity pool.
Meanwhile, these rates can change depending on market conditions and vault performance, so returns are not guaranteed. Users can access the feature through Strike Finance’s Borrow & Earn platform.
How RealFi Works With Strike RealFi is a Cardano-based protocol that generates yield from real-world financial assets, including U.S. Treasuries, money market funds, and investment-grade credit. By adding RealFi yield to its vaults, Strike aims to combine earnings from these assets with its existing returns.
Users can lock eligible collateral, borrow USD under the advertised 0% interest terms, and invest the borrowed funds in supported SLP vaults.
However, users should remember that returns can fluctuate. Borrowing against collateral also carries liquidation risks if the collateral’s value falls or the position no longer meets the platform’s requirements.
Cardano DeFi Partnership Expands Ultimately, Hoskinson’s support highlights how Cardano-based projects are working together to expand the network’s DeFi ecosystem.
Alright Cardano, RealFi is open for business through Strike. One of the best DApps on Cardano https://t.co/8Zd51NziPM
— Charles Hoskinson (@IOHK_Charles) October 14, 2026
The partnership combines RealFi’s yield from real-world assets with Strike Finance’s platform, which allows users to borrow funds and invest them in liquidity vaults.
However, returns may change depending on market conditions, vault performance, and the risks associated with the assets and collateral.
Coinbase took part in a four-day operation in London from Oct. 6 to 9 targeting West African scam networks.
The UK’s National Crime Agency hosted the event with the U.S. Department of Justice’s Scam Center Strike Force.
Coinbase traced illicit funds, supported asset freezes and shared intelligence with police in real time.
Targeted schemes included fake crypto investments, police impersonation and fake video-call arrests.
The DOJ said U.S. losses from online investment fraud reached $8.65 billion in 2025.
Coinbase has taken part in a joint operation with U.S. and UK law enforcement aimed at scam networks in West Africa. The exchange shared details of its role in a post on Oct. 13.
The four-day operation, called Joint Disruption Week, took place in London from Oct. 6 to 9. The UK’s National Crime Agency hosted it in partnership with the U.S. Department of Justice’s Scam Center Strike Force.
Other participants included the Tech Against Scams coalition and international law enforcement partners. Coinbase said African law enforcement partners also took part.
How Coinbase Traced Scam Funds
Coinbase said its Global Intelligence team followed illicit financial activity during the week. The team also supported efforts to freeze assets tied to scam networks and passed information to police in real time.
The company said it linked blockchain transfers with evidence from fake profiles, messaging accounts and websites. Combining these records helped teams find connections between activities that might look unrelated.
The schemes targeted included fake cryptocurrency investments and criminals posing as police officers. Some scammers also staged fake arrests over video calls to pressure victims into sending money.
According to Coinbase, scammers use social media to find victims and messaging apps to build trust. They then use financial services to move stolen funds.
Coinbase Vice President Leah Bressack said earlier work in Southeast Asia showed that “coordinated action across industry and law enforcement works.” She described the London effort as “sustained pressure.”
Coinbase said criminal networks were moving into West Africa as authorities pursued their operations in Southeast Asia.
Earlier Actions Against Scam Networks
The London event followed a Sep. 3 DOJ announcement of an agreement between U.S. and UK authorities. The deal covers joint investigations into crypto investment fraud and other online scams.
Under the agreement, investigators will share information, pursue common targets and decide which country should prosecute overlapping cases. The DOJ said reported U.S. losses from online investment fraud reached $8.65 billion in 2025, up 89% from $4.57 billion in 2023.
In June, Coinbase said it had frozen over $3 million in crypto linked to Southeast Asian scam networks. In that effort, Meta disabled more than 1.4 million accounts, pages and groups, while Microsoft suspended about 20,000 fraudulent accounts.
On Sep. 9, the DOJ said an operation against Xinbi Guarantee and its vendors had restrained over $52 million in crypto. Prosecutors said the vendors advertised money laundering and fake investment websites for scam compounds.
The Treasury’s Financial Crimes Enforcement Network also flagged $12.7 billion in suspicious activity linked to digital asset investment scams. The agency said scam proceeds were usually converted into stablecoins, almost always USDT.
FinCEN noted that these totals do not directly measure victim losses. Some filings include attempted transfers or transactions reported by more than one institution.
Coinbase said investigative work from the London operation is still ongoing. The company said it will keep working with Tech Against Scams and law enforcement partners to target these networks wherever they operate next.
In brief
UK software engineer Lewis Barber is suing the operator of BitMEX, the crypto derivatives exchange that shut down in September, in London's Commercial Court.
Barber wants 324.8 BTC returned, alleging BitMEX traded with him without authorization from the Financial Conduct Authority, the UK's financial regulator.
His lawyers say other UK traders may have similar claims, which could run to hundreds of millions of pounds in total.
A British software engineer is suing the operator of crypto derivatives exchange BitMEX for the return of 324.8 BTC, alleging it traded with him in the UK without regulatory approval, according to The Guardian and particulars of claim reviewed by Decrypt.
The Bitcoin was worth £20.4 million on October 1, the claim says, or about $27.2 million by Decrypt's calculation using the claim's exchange rates.
Lewis Barber, who brought the claim against BitMEX operator HDR Global Trading, entered into around 2,294 trades on the exchange between 2018 and 2022 from five accounts, the claim says. It challenges the 1,053 that lost him money.
All of them were perpetual swaps, a derivative similar to a futures contract but with no expiry date. Each trade was a regulated activity that BitMEX was not authorized to carry out in the UK, the claim argues, so none can be enforced against Barber under the Financial Services and Markets Act 2000.
Myriad: When will Bitcoin hit a new all-time high? Click to make your prediction.The claim says BitMEX did not restrict access from the UK, let new users select it as their country of residence, and ran promotional campaigns worldwide, including an advertisement in The Times in January 2019. It also cites a March 2020 warning from the FCA that BitMEX may have been trading regulated investments in the UK without authorization.
Barber also claims damages for deceit, alleging BitMEX knew it was not authorized when it implicitly represented that it could lawfully trade with him. His solicitors wrote to BitMEX rescinding the trades in December 2025, the claim says.
The claim has been filed but not yet formally served on BitMEX, the Guardian reported. "No such claim has been served on HDR Global Trading Limited," a BitMEX spokesperson told the newspaper.
BitMEX also faces a proposed class action in New York alleging theft of Bitcoin and insider trading, which names co-founders Ben Delo, Arthur Hayes and Samuel Reed.
The three co-founders pleaded guilty in 2022 to violating the Bank Secrecy Act through anti-money laundering failures at the exchange, and were pardoned by President Donald Trump in March 2025. BitMEX itself pleaded guilty to Bank Secrecy Act violations in 2024 and was ordered to pay $100 million in January 2025.
BitMEX in the UKBitMEX shut down on September 23, having announced in July that it would close.
Delo gave Reform UK £36 million in September, the largest single donation in British political history, Decrypt reported.
Many other investors are likely to be in a similar position to Barber, his law firm Seladore Legal said in a statement shared with Decrypt, putting the potential total at hundreds of millions of pounds.
"Other UK-based persons may have entered into similar contracts with BitMEX, although whether any individual has a claim will depend on the particular facts and trading history," said Gareth Keillor, a partner at the firm.
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In brief UK software engineer Lewis Barber is suing the operator of BitMEX, the crypto derivatives exchange that shut down in September, in London's Commercial Court. Barber wants 324.8 BTC returned, alleging BitMEX traded with him without authorization from the Financial Conduct Authority, the UK's financial regulator. His lawyers say other UK traders may have similar claims, which could run to hundreds of millions of pounds in total. A British software engineer is suing the operator of crypto derivatives exchange BitMEX for the return of 324.8 BTC, alleging it traded with him in the UK without regulatory approval, according to The Guardian and particulars of claim reviewed by Decrypt.
The Bitcoin was worth £20.4 million on October 1, the claim says, or about $27.2 million by Decrypt's calculation using the claim's exchange rates.
Lewis Barber, who brought the claim against BitMEX operator HDR Global Trading, entered into around 2,294 trades on the exchange between 2018 and 2022 from five accounts, the claim says. It challenges the 1,053 that lost him money.
All of them were perpetual swaps, a derivative similar to a futures contract but with no expiry date. Each trade was a regulated activity that BitMEX was not authorized to carry out in the UK, the claim argues, so none can be enforced against Barber under the Financial Services and Markets Act 2000.
Myriad: When will Bitcoin hit a new all-time high? Click to make your prediction.The claim says BitMEX did not restrict access from the UK, let new users select it as their country of residence, and ran promotional campaigns worldwide, including an advertisement in The Times in January 2019. It also cites a March 2020 warning from the FCA that BitMEX may have been trading regulated investments in the UK without authorization.
Barber also claims damages for deceit, alleging BitMEX knew it was not authorized when it implicitly represented that it could lawfully trade with him. His solicitors wrote to BitMEX rescinding the trades in December 2025, the claim says.
The claim has been filed but not yet formally served on BitMEX, the Guardian reported. "No such claim has been served on HDR Global Trading Limited," a BitMEX spokesperson told the newspaper.
BitMEX also faces a proposed class action in New York alleging theft of Bitcoin and insider trading, which names co-founders Ben Delo, Arthur Hayes and Samuel Reed.
The three co-founders pleaded guilty in 2022 to violating the Bank Secrecy Act through anti-money laundering failures at the exchange, and were pardoned by President Donald Trump in March 2025. BitMEX itself pleaded guilty to Bank Secrecy Act violations in 2024 and was ordered to pay $100 million in January 2025.
BitMEX in the UKBitMEX shut down on September 23, having announced in July that it would close.
Delo gave Reform UK £36 million in September, the largest single donation in British political history, Decrypt reported.
Many other investors are likely to be in a similar position to Barber, his law firm Seladore Legal said in a statement shared with Decrypt, putting the potential total at hundreds of millions of pounds.
"Other UK-based persons may have entered into similar contracts with BitMEX, although whether any individual has a claim will depend on the particular facts and trading history," said Gareth Keillor, a partner at the firm.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
A UK software engineer has filed a claim in London’s High Court against HDR Global Trading Limited, the company that operated BitMEX. He wants back roughly £20 million worth of Bitcoin, a sum pegged at about $27 million.
His argument is not that he traded badly. It is that he should never have been allowed to trade at all, and that the law therefore entitles him to his losses back.
The claim, in detail The claimant is Lewis Barber. His case targets 1,053 perpetual swap trades that lost money, all placed on BitMEX between 2018 and 2022.
The core of Barber’s case rests on the Financial Services and Markets Act 2000. He alleges that BitMEX carried out regulated investment activity in the UK without authorization from the Financial Conduct Authority.
If that is true, his lawyers argue, the contracts are void. A void contract is treated as though it never legally existed, which would entitle Barber to restitution for what he lost.
The claim also frames the trades as mis-sold. It goes further still, accusing the exchange of deceit.
Why the timing is awkward for BitMEX The filing lands shortly after BitMEX stopped trading. The exchange ceased operations on September 23, 2026, following a strategic review by its board.
Barber’s case is one of several legal challenges now aimed at the firm, including claims tied to allegedly improper liquidations.
The case remains at an early stage. BitMEX has yet to receive formal notice of the claim, so no response from the company has entered the record.
Barber’s legal team is not framing this as a one-off dispute. They say a win could open the door to similar claims from other UK users.
By their estimate, that could expose BitMEX to liabilities running into the hundreds of millions of pounds. That figure is the claimant side’s projection, not a finding by any court.
The regulatory backstory BitMEX and UK regulators are not strangers. The exchange received a warning notice from the FCA back in March 2020, an episode that forms part of the backdrop to Barber’s case.
One name conspicuously absent from the defendant list is Ben Delo. The BitMEX co-founder, who is a notable donor to the political party Reform UK, is not named in the claim.
The suit is aimed squarely at the corporate operator, HDR Global Trading Limited.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Pi Network Price trades near $0.079 on Wednesday, with Bitcoin around $82,300, according to CoinGecko.
Ethereum price stands near $2,440, while XRP trades around $1.35 as hotter inflation weighs on cryptocurrencies. Pi’s upcoming Protocol 28 upgrade offers a potential catalyst for recovery toward $0.10 this week.
The dollar index reached an 18-month high after U.S. CPI inflation exceeded expectations. Markets now anticipate a more hawkish Federal Reserve, potentially restricting demand for speculative assets.
Protocol 28 Upgrade Could Support Pi Network Recovery Pi Network has scheduled its Protocol 28 mainnet upgrade for October 16, according to the project’s official announcement. Node operators were instructed to update their software by October 13 before the network transition. The deadline has passed, placing attention on Friday’s planned activation and whether implementation proceeds smoothly.
BREAKING: 🇺🇸 The dollar index just hit a new 17-month high as US CPI inflation came in higher than expected.
The market is now expecting the Fed to be more hawkish. https://t.co/6P3FuCzubO
— Bull Theory (@BullTheoryio) October 14, 2026
The team says Protocol 28 improves how the network manages delays in transaction data. It also allows developers to update multiple smart contracts together and modify stored information more safely. These changes may improve the technical base for applications, but it remains to be seen how widely these features will be adopted by developers.
If the token successfully activates, it will undoubtedly make its ecosystem more prominent, particularly following its period of weakness. Over time, more applications would be encouraged, and more would participate, due to the extra tools provided to developers. That result might help to build confidence, and any short-term price gain might rely on new market demand.
Pi Coin Price Prediction: Can PI Recover to $0.10 Before the Upgrade? The PI coin traded at $0.07857 on October 14. The last candle was down 1.06% and the price of the token is near the $0.077 support. However, Pi Network price stayed under the $0.09 resistance level, and the bearish momentum made it easier to see the charts heading back towards the $0.10 recovery.
The RSI was weak at 37.10, which is below the neutral point of 50. The MACD line measured approximately -0.00078, below the signal line near -0.00071.
The Pi Network price places immediate support at $0.077, roughly 2% below the displayed price.
Source: TradingView The positive side is that the $0.08 zone might be an early indicator that buyers are coming back. The next levels of resistance are at $0.09, and this would imply a possible profit of some 14% from $0.07857.
Breaking that threshold would put the chart’s $0.10 price goal within reach, which is approximately 27% above the current price.
The gain is what’s different, as the future Pi Network price outlook reveals a 25% increase over approximately $0.08005. If PI Network price can maintain support, break the $0.09 resistance level and develop more upward momentum, then it can rise to $0.10.
The SpaceX stock price has continued to stay in the red, despite a flurry of bullish outlooks for the SPCX stock. Notably, it appears that today’s decline was mostly due to a selloff recorded in the broader financial markets, after the US CPI inflation data exceeded Wall Street forecasts.
Despite that, the market pundits have remained bullish on the SpaceX stock price. Recently, Morgan Stanley has reiterated its $300 price target for SPCX stock and cited key reasons that may help drive the price higher in the near future.
Morgan Stanley Remains Bullish on SpaceX Stock Price, Here’s Why The SpaceX stock price fell around 1.5% at the time of writing to $154.16, while losing more than 8% over the past five trading sessions. However, the dip today in SPCX stock price came amid a selloff recorded in the broader financial sector, especially after the hotter-than-expected US CPI data weighed on market sentiment.
Source: Yahoo Finance Despite that, Morgan Stanley has remained bullish on Elon Musk’s space technology firm, while reiterating its $300 price target for the asset. According to a recent X post from Walter Bloomberg, Morgan Stanley believes investors may be underestimating SpaceX’s ambitions beyond rockets and satellite communications.
Analyst Adam Jonas has reiterated an Overweight rating for the company. His outlook highlights the potential of distributed AI computing as a major growth catalyst. Jonas sees a Distributed Inference Cloud as a potentially overlooked part of SpaceX’s business.
The proposed concept would connect computing resources across networks of AI agents and intelligent robots. Such infrastructure could help machines share computing capabilities and coordinate tasks more efficiently.
Meanwhile, Jonas views SpaceX as a vertically integrated infrastructure company rather than simply a space exploration business. Its operations span rocket launches, launch facilities, ground stations, satellites, solar technology, and data centers. The company is also pursuing telecommunications opportunities and developing AI capabilities.
This broad strategy could give SpaceX several interconnected revenue streams. Its infrastructure could support growing demand for connectivity, computing power, and autonomous technologies. Jonas expects distributed AI and robotic networks to attract greater investor attention over the coming year.
Ron Baron Predicts SPCX to Reach $50 Tln Valuation Amid the bullish outlook from Morgan Stanley, Baron Funds founder Ron Baron has further fueled optimism with his latest comments. Baron believes the company could achieve a valuation between $20 trillion and $50 trillion within a decade. He has also indicated that Elon Musk considers his projections conservative.
Baron identifies Starlink as a major contributor to this potential expansion. He estimates the satellite internet business alone could eventually be worth approximately $14 trillion to $15 trillion.
He also sees significant potential in space-based data centers. These facilities could become another major business if technological and economic challenges prove manageable.
It’s worth noting that a flurry of other market experts have also remained bullish on SpaceX stock price. For context, Pivotal Research has recently raised its target for SPCX stock from $220 to $230, citing its long-term confidence in the asset.
Starknet’s Shadow Accounts allow users to obscure connections between their main wallets and DeFi activity, though transactions remain visible onchain.
Ethereum layer-2 network Starknet has launched a wallet privacy feature that lets users interact with decentralized finance (DeFi) apps without publicly linking activities to their main wallets.
StarkWare, the team behind Starknet, said that its new Shadow Accounts feature creates separate, persistent addresses for individual applications. Users can fund the accounts using shielded balances held in the network’s STRK20 privacy pool. This allows them to maintain lending, trading or other DeFi positions under different onchain identities.
The new privacy feature obscures the connection between the shadow account and the wallet funding it. However, balances, transactions and positions of these shadow accounts remain publicly visible onchain, according to Starknet.
Once integrated into a DeFi application, the feature allows users to connect their wallets, switch from public to private mode and deposit assets into a vault. Their Shadow Accounts then maintain their positions until they withdraw funds back into a shielded balance.
StarkWare said the functionality could eventually extend beyond vaults to liquidity provision, lending, borrowing, staking, derivatives trading, prediction markets and NFT marketplaces.
The launch follows StarkWare’s broader blockchain privacy push. In June, the company introduced its STRK20 privacy framework, which allows private transfers and shielded token balances on Starknet.
Later that month, StarkWare demonstrated a Private Know Your Customer system that enabled users to verify personal information without revealing their full identity documents.
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Starknet launched Shadow Accounts, a feature that separates users’ main wallets from their DeFi activity.
The accounts are separate, persistent addresses for individual apps, funded from the STRK20 privacy pool.
Balances, transactions and positions in Shadow Accounts remain publicly visible onchain.
StarkWare said the feature could later expand to lending, staking, derivatives, prediction markets and NFT marketplaces.
The launch follows StarkWare’s STRK20 privacy framework and Private KYC system, both introduced in June.
Starknet, a layer-2 network built on Ethereum, has launched a new wallet privacy feature for decentralized finance users. The tool is called Shadow Accounts.
The feature lets users interact with DeFi apps without publicly linking that activity to their main wallets. StarkWare, the company behind Starknet, announced the launch on X.
1/ Every app should have a private mode. So we shipped it 🥷
Introducing Shadow Accounts, now live on Starknet.
A new STRK20 privacy primitive that lets apps offer a Public → Private switch, without publicly linking users' activity to their main wallets 🧵 pic.twitter.com/YjKbHX1i0d
— StarkWare (@StarkWareLtd) October 13, 2026
Shadow Accounts create separate addresses for individual applications. These addresses are persistent, meaning they stay in place over time.
How Shadow Accounts Work
Users fund their Shadow Accounts with shielded balances. These balances are held in the network’s STRK20 privacy pool.
This setup allows users to keep lending, trading or other DeFi positions under different onchain identities. Each app can have its own account tied to the same user.
The feature hides the connection between a Shadow Account and the wallet that funds it. This makes it harder to trace the account back to its owner’s main wallet.
The privacy has limits. According to Starknet, the balances, transactions and positions of Shadow Accounts remain publicly visible onchain.
In other words, people can still see what a Shadow Account holds and does. What is hidden is which main wallet sits behind it.
Once a DeFi app integrates the feature, users can connect their wallets and switch from public mode to private mode. They can then deposit assets into a vault.
The Shadow Account holds the user’s positions until they withdraw. At that point, the funds move back into a shielded balance.
Plans to Expand the Feature
For now, the feature centers on vaults. StarkWare said it could eventually extend to other parts of DeFi.
Those areas include liquidity provision, lending, borrowing and staking. The company also listed derivatives trading, prediction markets and NFT marketplaces.
The launch is part of a wider privacy effort by StarkWare this year. The company has released several privacy tools in recent months.
In June, StarkWare introduced its STRK20 privacy framework. The framework allows private transfers and shielded token balances on Starknet.
The STRK20 privacy pool that funds Shadow Accounts is part of this framework. It serves as the base for the new feature.
Later in June, StarkWare demonstrated a Private Know Your Customer system. The system lets users verify personal information without revealing their full identity documents.
Shadow Accounts are now the newest tool in that lineup. Users can access the feature through DeFi apps that choose to integrate it.
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.
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Evernorth plans to deploy around 473 million XRP via an institutional strategy, with a current value of approximately $648 million.
U.S. public company Evernorth has selected Ripple, Kraken, Coinbase, and BitGo as its first institutional partners, and plans to deploy its approximately 473 million XRP holdings starting in the fourth quarter via institutional strategies. The holdings are currently valued at around $648 million. Evernorth went public via a SPAC merger and will also expand into lending on the XRP Ledger and on-chain DeFi strategies in the future.
1 minutes ago
Ahead of the CPI release, the probability that the U.S. Federal Reserve will hold interest rates steady in October stands at 78.4%.
According to CME Group’s FedWatch data, ahead of today’s release of U.S. September CPI figures, the probability that the Federal Reserve will hold interest rates steady in October stands at 78.4%, while the chance of a cumulative 25 basis point rate hike is 21.6%. For December, the likelihood of the Fed keeping rates unchanged is 12%, the probability of a cumulative 25 basis point hike is 69.7%, and the probability of a cumulative 50 basis point hike is 18.3%.
1 minutes ago
Strive increases its Bitcoin holdings by another 2,822 coins at an average price of approximately $83,266.
Bitcoin treasury firm Strive filed an 8-K document today disclosing that it added 2,822 Bitcoin to its holdings between October 12 and 13, at an average price of approximately $83,266 per coin. The acquisition cost $235 million, bringing its total Bitcoin position to 35,600 coins.
1 minutes ago
Tether AI Research has unveiled its on-device speech recognition model TranscribePsy, designed for smart glasses and humanoid robots.
Tether AI Research has released an open-source multilingual automatic speech recognition (ASR) model named QVAC TranscribePsy, which has around 254 million parameters and can run fully on-device—no audio upload to the cloud required. The company noted the model can process audio from smart glasses connected via Bluetooth or Wi-Fi in near real time, and also operate on onboard processors of humanoid robots. On the Core ML version for iPhone 17 Pro Max, transcribing 10 minutes of audio takes roughly 1.65 seconds. According to its published benchmark data, TranscribePsy achieves a word error rate (WER) of 8.02% on the Open ASR Leaderboard, 6.58% on Multilingual LibriSpeech, and 21.56% on Common Voice. Among six tested smartphones, it is the fastest in speed, approximately 2.6 times faster than the second-fastest model. The model supports 25 European languages for laptops and 8 European languages for mobile phones, with model weights and builds in formats including GGUF and Core ML released under the Apache 2.0 license. Tether CEO Paolo Ardoino stated that he hopes advanced speech AI can run locally on users’ own devices, ensuring data does not leave the device.
1 minutes ago
Physical Intelligence opens its robot model API: Picking strawberries, assembling servers, new actions can be trained in just 4 days.
Beating AI News Flash: U.S.-based robotics AI firm Physical Intelligence (Pi) has launched the beta version of its Pi API, opening access to its foundational robotics model to more enterprises. Developers only need to upload robot operation data to fine-tune the model on Pi’s cloud computing power, then control their own robots via the API. There’s no need to train models from scratch or build complex training and inference infrastructure independently. Pi showcased real-world use cases from multiple partners, including AgRobotics’ strawberry-picking robots, autonomous loaders for self-driving trucks, and robots for food processing and server assembly. Among these, startup Almond used the Pi API to get its dual-arm robot to learn polishing the parts required for its own assembly after just 4 days of iterative training and testing. Pi had previously open-sourced robotics models such as π0 and π0.5, but developers still had to deploy and train them on their own. This time, the company has further packaged model fine-tuning, computing power, and inference services into an API, aiming to become a shared intelligent foundation for various robots. However, test access is still by application only, and pricing has not been announced yet.
1 minutes ago
Spark: Q3 Net Protocol Revenue Surpasses $4 Million, Stablecoin Swap Layer Hits Over $14 Billion in Trading Volume in Its First Month
DeFi lending protocol Spark has disclosed that its net protocol returns exceeded $4 million in the third quarter of 2026. In the first half of the year, DeFi lending spreads narrowed significantly, with lending capital profitability turning negative in the second quarter. After driving growth for Spark Savings USDT in Q3, related returns rebounded above capital costs. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, which went live with $150 million in USDS liquidity, offering stablecoin swap services to banks, fintech firms and payment companies, and recorded over $14 billion in trading volume in its first month.
Evernorth plans to deploy around 473 million XRP via an institutional strategy, with a current value of approximately $648 million.
U.S. public company Evernorth has selected Ripple, Kraken, Coinbase, and BitGo as its first institutional partners, and plans to deploy its approximately 473 million XRP holdings starting in the fourth quarter via institutional strategies. The holdings are currently valued at around $648 million. Evernorth went public via a SPAC merger and will also expand into lending on the XRP Ledger and on-chain DeFi strategies in the future.
1 minutes ago
Ahead of the CPI release, the probability that the U.S. Federal Reserve will hold interest rates steady in October stands at 78.4%.
According to CME Group’s FedWatch data, ahead of today’s release of U.S. September CPI figures, the probability that the Federal Reserve will hold interest rates steady in October stands at 78.4%, while the chance of a cumulative 25 basis point rate hike is 21.6%. For December, the likelihood of the Fed keeping rates unchanged is 12%, the probability of a cumulative 25 basis point hike is 69.7%, and the probability of a cumulative 50 basis point hike is 18.3%.
1 minutes ago
Strive increases its Bitcoin holdings by another 2,822 coins at an average price of approximately $83,266.
Bitcoin treasury firm Strive filed an 8-K document today disclosing that it added 2,822 Bitcoin to its holdings between October 12 and 13, at an average price of approximately $83,266 per coin. The acquisition cost $235 million, bringing its total Bitcoin position to 35,600 coins.
1 minutes ago
Tether AI Research has unveiled its on-device speech recognition model TranscribePsy, designed for smart glasses and humanoid robots.
Tether AI Research has released an open-source multilingual automatic speech recognition (ASR) model named QVAC TranscribePsy, which has around 254 million parameters and can run fully on-device—no audio upload to the cloud required. The company noted the model can process audio from smart glasses connected via Bluetooth or Wi-Fi in near real time, and also operate on onboard processors of humanoid robots. On the Core ML version for iPhone 17 Pro Max, transcribing 10 minutes of audio takes roughly 1.65 seconds. According to its published benchmark data, TranscribePsy achieves a word error rate (WER) of 8.02% on the Open ASR Leaderboard, 6.58% on Multilingual LibriSpeech, and 21.56% on Common Voice. Among six tested smartphones, it is the fastest in speed, approximately 2.6 times faster than the second-fastest model. The model supports 25 European languages for laptops and 8 European languages for mobile phones, with model weights and builds in formats including GGUF and Core ML released under the Apache 2.0 license. Tether CEO Paolo Ardoino stated that he hopes advanced speech AI can run locally on users’ own devices, ensuring data does not leave the device.
1 minutes ago
Physical Intelligence opens its robot model API: Picking strawberries, assembling servers, new actions can be trained in just 4 days.
Beating AI News Flash: U.S.-based robotics AI firm Physical Intelligence (Pi) has launched the beta version of its Pi API, opening access to its foundational robotics model to more enterprises. Developers only need to upload robot operation data to fine-tune the model on Pi’s cloud computing power, then control their own robots via the API. There’s no need to train models from scratch or build complex training and inference infrastructure independently. Pi showcased real-world use cases from multiple partners, including AgRobotics’ strawberry-picking robots, autonomous loaders for self-driving trucks, and robots for food processing and server assembly. Among these, startup Almond used the Pi API to get its dual-arm robot to learn polishing the parts required for its own assembly after just 4 days of iterative training and testing. Pi had previously open-sourced robotics models such as π0 and π0.5, but developers still had to deploy and train them on their own. This time, the company has further packaged model fine-tuning, computing power, and inference services into an API, aiming to become a shared intelligent foundation for various robots. However, test access is still by application only, and pricing has not been announced yet.
1 minutes ago
Spark: Q3 Net Protocol Revenue Surpasses $4 Million, Stablecoin Swap Layer Hits Over $14 Billion in Trading Volume in Its First Month
DeFi lending protocol Spark has disclosed that its net protocol returns exceeded $4 million in the third quarter of 2026. In the first half of the year, DeFi lending spreads narrowed significantly, with lending capital profitability turning negative in the second quarter. After driving growth for Spark Savings USDT in Q3, related returns rebounded above capital costs. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, which went live with $150 million in USDS liquidity, offering stablecoin swap services to banks, fintech firms and payment companies, and recorded over $14 billion in trading volume in its first month.
Evernorth plans to deploy around 473 million XRP via an institutional strategy, with a current value of approximately $648 million.
U.S. public company Evernorth has selected Ripple, Kraken, Coinbase, and BitGo as its first institutional partners, and plans to deploy its approximately 473 million XRP holdings starting in the fourth quarter via institutional strategies. The holdings are currently valued at around $648 million. Evernorth went public via a SPAC merger and will also expand into lending on the XRP Ledger and on-chain DeFi strategies in the future.
1 minutes ago
Ahead of the CPI release, the probability that the U.S. Federal Reserve will hold interest rates steady in October stands at 78.4%.
According to CME Group’s FedWatch data, ahead of today’s release of U.S. September CPI figures, the probability that the Federal Reserve will hold interest rates steady in October stands at 78.4%, while the chance of a cumulative 25 basis point rate hike is 21.6%. For December, the likelihood of the Fed keeping rates unchanged is 12%, the probability of a cumulative 25 basis point hike is 69.7%, and the probability of a cumulative 50 basis point hike is 18.3%.
1 minutes ago
Strive increases its Bitcoin holdings by another 2,822 coins at an average price of approximately $83,266.
Bitcoin treasury firm Strive filed an 8-K document today disclosing that it added 2,822 Bitcoin to its holdings between October 12 and 13, at an average price of approximately $83,266 per coin. The acquisition cost $235 million, bringing its total Bitcoin position to 35,600 coins.
1 minutes ago
Tether AI Research has unveiled its on-device speech recognition model TranscribePsy, designed for smart glasses and humanoid robots.
Tether AI Research has released an open-source multilingual automatic speech recognition (ASR) model named QVAC TranscribePsy, which has around 254 million parameters and can run fully on-device—no audio upload to the cloud required. The company noted the model can process audio from smart glasses connected via Bluetooth or Wi-Fi in near real time, and also operate on onboard processors of humanoid robots. On the Core ML version for iPhone 17 Pro Max, transcribing 10 minutes of audio takes roughly 1.65 seconds. According to its published benchmark data, TranscribePsy achieves a word error rate (WER) of 8.02% on the Open ASR Leaderboard, 6.58% on Multilingual LibriSpeech, and 21.56% on Common Voice. Among six tested smartphones, it is the fastest in speed, approximately 2.6 times faster than the second-fastest model. The model supports 25 European languages for laptops and 8 European languages for mobile phones, with model weights and builds in formats including GGUF and Core ML released under the Apache 2.0 license. Tether CEO Paolo Ardoino stated that he hopes advanced speech AI can run locally on users’ own devices, ensuring data does not leave the device.
1 minutes ago
Physical Intelligence opens its robot model API: Picking strawberries, assembling servers, new actions can be trained in just 4 days.
Beating AI News Flash: U.S.-based robotics AI firm Physical Intelligence (Pi) has launched the beta version of its Pi API, opening access to its foundational robotics model to more enterprises. Developers only need to upload robot operation data to fine-tune the model on Pi’s cloud computing power, then control their own robots via the API. There’s no need to train models from scratch or build complex training and inference infrastructure independently. Pi showcased real-world use cases from multiple partners, including AgRobotics’ strawberry-picking robots, autonomous loaders for self-driving trucks, and robots for food processing and server assembly. Among these, startup Almond used the Pi API to get its dual-arm robot to learn polishing the parts required for its own assembly after just 4 days of iterative training and testing. Pi had previously open-sourced robotics models such as π0 and π0.5, but developers still had to deploy and train them on their own. This time, the company has further packaged model fine-tuning, computing power, and inference services into an API, aiming to become a shared intelligent foundation for various robots. However, test access is still by application only, and pricing has not been announced yet.
1 minutes ago
Spark: Q3 Net Protocol Revenue Surpasses $4 Million, Stablecoin Swap Layer Hits Over $14 Billion in Trading Volume in Its First Month
DeFi lending protocol Spark has disclosed that its net protocol returns exceeded $4 million in the third quarter of 2026. In the first half of the year, DeFi lending spreads narrowed significantly, with lending capital profitability turning negative in the second quarter. After driving growth for Spark Savings USDT in Q3, related returns rebounded above capital costs. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, which went live with $150 million in USDS liquidity, offering stablecoin swap services to banks, fintech firms and payment companies, and recorded over $14 billion in trading volume in its first month.
According to TradingBeats monitoring, trader Boomer (X handle: solanadoomer1) closed 5,000 ETH short positions via his Hyperliquid address 0xbf73 in the early hours of today, with the closing trade totaling around $12.6 million. He then opened a ZEC long position at an average entry price of approximately $1,222. As of now, the address holds 8,000 ZEC long positions, employs 10x full leverage, has a position value of roughly $10.01 million, an unrealized profit of about $235,000, and a position return rate of around 24%.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A Hyperliquid whale is taking profits on a bet that has paid off more than 20 times over. The wallet bought 257,928 HYPE tokens ago at just $3.5 per token, which cost approximately $903,000 in total. Six hours ago, it sent 100,276 HYPE, worth $8.17 million, to a Kraken deposit address.
How did the sale go?The tokens came out of Hyperliquid staking first, and the wallet then sent them directly to Kraken. One day earlier, the same wallet moved another 30,228 HYPE, worth $2.55 million, in the same way.
HYPE/USDT Chart by TradingViewTogether, the two transfers are worth approximately $10.7 million. At today's price near $82, the original position is worth around $21 million, a gain of approximately 2,200%. If the wallet has not sold anything else, it still holds approximately 127,000 HYPE, worth close to $10.4 million.
HOT Stories
Deposits to an exchange often point to a sale, so investors watch movements like this closely. Even so, the market has absorbed the selling without a crash. HYPE trades near $82 and is down approximately 16% from its recent high near $98. Volume is low, which suggests traders are not rushing for the exit.
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The chart is somewhat weak in the short term. The price has slipped below the 50-day average near $83.70 and the 20-day average near $86. The RSI sits in the low 40s, which points to fading momentum. The $79 area is the closest support, and the 100-day average near $76.50 is the next one below it.
Where does it go?The larger trend keeps eyeing high, as the long-term averages continue to rise. For buyers to take back control, HYPE needs to close above $84 and then reclaim $87.50. That would put $90 and $95 back in view. A close below $79 would be a warning, and it could send the price toward $76.
The key question is what the whale does next. Selling 130,000 tokens in days is a sign of profit taking, and more deposits to Kraken could add pressure while the price is soft. But one wallet is small next to the entire market, so the chart will matter more than any single seller.
S&P 500 options are hot on Hyperliquid-based Hypercall exchange. (TyliJura/Pixabay)Summary
Hypercall has recorded $640 million in notional volume since June 1, with more than 80% coming from S&P 500 options.The platform offers daily, weekly and monthly expiries around the clock, settles contracts in USDC and has seen trading concentrate in options expiring the next day.Hypercall’s growth reflects rising demand for blockchain-based access to traditional markets, though its volume remains small compared with established options venues.Talk about options on the S&P 500 index, and you are discussing a beast of a market that trades trillions of dollars in notional volume every day. Crypto traders now appear to want to access it over a blockchain.
Hypercall illustrates the demand. The options platform built on Hyperliquid, the eighth-largest blockchain by total value locked (TVL), went live in June, and more than 80% of the $640 million in notional volume since then has come from S&P 500 options, the exchange told CoinDesk. Open interest, the value of contracts still outstanding, is about $49 million, of which $47 million is in S&P 500 options.
While the numbers are small next to traditional markets and Deribit's crypto options business, which started shortly after the platform’s 2016 debut and now routinely sees billions of dollars in daily volume and open interest, they illustrate a growing trend: the desire to access financial instruments when conventional markets are closed. Hypercall lists daily, weekly and monthly expiries, including over weekends.
"The volume is concentrated in options expiring the following day," Jake Sylvestre, founder of Hypercall, said in an email interview. "Traders can take a view on the next day's move or hold a position further out."
Traders are gravitating to blockchains for exposure to traditional markets, including derivatives. Hyperliquid’s decentralized exchange (DEX), also known as Hyperliquid, has become a go-to venue for placing trades and managing risk through perpetual futures, especially on weekends when conventional markets are closed and geopolitical tensions have repeatedly escalated.
The draw of 24/7Hypercall takes Hyperliquid’s perpetual futures into the options arena. An option is a contract that pays out if an asset ends up above or below — depending on the details — a set price by a specified date. A call option pays off when the asset finishes above that price at expiry. A put option works the other way round. Traders use both to hedge against price swings and bet on direction, volatility and time.
Each Hypercall contract has a $1 multiplier, which means each index point is worth $1 at settlement. A call with a 7,000 strike pays $100 if the index settles at 7,100. Contracts settle in USDC, a dollar-pegged stablecoin, against the average price over the final 30 minutes for Hyperliquid's S&P 500 perps.
Trading around the clock is the draw. "Hyperliquid has become the best venue for trading these markets outside exchange hours," Sylvestre said.
Hypercall’s exchange's market makers, the firms that quote prices, "hedge on Hyperliquid's perpetual futures, including on weekends when the cash equity market is closed," Sylvestre said. Earnings, economic data and company news can move an underlying asset while its home exchange is closed, and makers "have to price those events around the clock."
Hypercall isn't pitching itself as a replacement for Deribit, the Coinbase Global COIN-owned biggest crypto options venue, which mostly lists bitcoin BTC$83,212.45 and ether ETH$2,508.47 options.
Two market makers are active and three more are being onboarded.
"We haven't named them publicly yet and expect to over the next few weeks," Sylvestre said. "User collateral is held on-chain," it said, but "order matching is off-chain only." Parts of margining and liquidation also run off-chain.
Individual stocksIndex options aren't the only draw. Options on SpaceX SPCX, Nvidia NVDA, Micron Technology (MU) and SanDisk (SNDK) make up more than half of all trades, followed by Apple AAPL, Microsoft MSFT, Meta META, Alibaba (BABA), ether and bitcoin.
"The breadth is in single names," Sylvestre said.
Other platforms are adding stock options too. Bybit began offering 24/7-trading on options on stock perpetuals on Sept. 17, starting with SpaceX and Nvidia. Binance, the largest crypto exchange by value traded, offers options on more than 1,000 U.S. stocks and ETFs to eligible users outside the U.S.
According to market data, Derive’s native token DRV, an on-chain options protocol, has dropped over 3% cumulatively since the announcement of its listing on Binance Alpha. It is down more than 23% from its October 10 all-time high of $0.5631, trading at $0.429 as of press time, with a market capitalization of $85.71 million and a 24-hour trading volume of $3.7 million. BlockBeats previously reported that at the DAS conference hosted by Blockworks, Hyperliquid founder Jeff explicitly stated, “Options are an opportunity worth further development in the on-chain trading space.” He added that options hold a significant position in traditional finance, but on-chain products have not yet reached “escape velocity,” so developers can build products around this market to make it easier for traders to hedge against spot and perpetual contracts. Separately, news from October 8 noted that Citrini Research—the institution behind the “AI Doom Report”—disclosed in a recent article that DRV is one of the largest holdings in its crypto portfolio, making up 10% of the total.
Evernorth plans to deploy around 473 million XRP via an institutional strategy, with a current value of approximately $648 million.
U.S. public company Evernorth has selected Ripple, Kraken, Coinbase, and BitGo as its first institutional partners, and plans to deploy its approximately 473 million XRP holdings starting in the fourth quarter via institutional strategies. The holdings are currently valued at around $648 million. Evernorth went public via a SPAC merger and will also expand into lending on the XRP Ledger and on-chain DeFi strategies in the future.
1 seconds ago
Ahead of the CPI release, the probability that the U.S. Federal Reserve will hold interest rates steady in October stands at 78.4%.
According to CME Group’s FedWatch data, ahead of today’s release of U.S. September CPI figures, the probability that the Federal Reserve will hold interest rates steady in October stands at 78.4%, while the chance of a cumulative 25 basis point rate hike is 21.6%. For December, the likelihood of the Fed keeping rates unchanged is 12%, the probability of a cumulative 25 basis point hike is 69.7%, and the probability of a cumulative 50 basis point hike is 18.3%.
1 seconds ago
Strive increases its Bitcoin holdings by another 2,822 coins at an average price of approximately $83,266.
Bitcoin treasury firm Strive filed an 8-K document today disclosing that it added 2,822 Bitcoin to its holdings between October 12 and 13, at an average price of approximately $83,266 per coin. The acquisition cost $235 million, bringing its total Bitcoin position to 35,600 coins.
1 seconds ago
Tether AI Research has unveiled its on-device speech recognition model TranscribePsy, designed for smart glasses and humanoid robots.
Tether AI Research has released an open-source multilingual automatic speech recognition (ASR) model named QVAC TranscribePsy, which has around 254 million parameters and can run fully on-device—no audio upload to the cloud required. The company noted the model can process audio from smart glasses connected via Bluetooth or Wi-Fi in near real time, and also operate on onboard processors of humanoid robots. On the Core ML version for iPhone 17 Pro Max, transcribing 10 minutes of audio takes roughly 1.65 seconds. According to its published benchmark data, TranscribePsy achieves a word error rate (WER) of 8.02% on the Open ASR Leaderboard, 6.58% on Multilingual LibriSpeech, and 21.56% on Common Voice. Among six tested smartphones, it is the fastest in speed, approximately 2.6 times faster than the second-fastest model. The model supports 25 European languages for laptops and 8 European languages for mobile phones, with model weights and builds in formats including GGUF and Core ML released under the Apache 2.0 license. Tether CEO Paolo Ardoino stated that he hopes advanced speech AI can run locally on users’ own devices, ensuring data does not leave the device.
1 seconds ago
Physical Intelligence opens its robot model API: Picking strawberries, assembling servers, new actions can be trained in just 4 days.
Beating AI News Flash: U.S.-based robotics AI firm Physical Intelligence (Pi) has launched the beta version of its Pi API, opening access to its foundational robotics model to more enterprises. Developers only need to upload robot operation data to fine-tune the model on Pi’s cloud computing power, then control their own robots via the API. There’s no need to train models from scratch or build complex training and inference infrastructure independently. Pi showcased real-world use cases from multiple partners, including AgRobotics’ strawberry-picking robots, autonomous loaders for self-driving trucks, and robots for food processing and server assembly. Among these, startup Almond used the Pi API to get its dual-arm robot to learn polishing the parts required for its own assembly after just 4 days of iterative training and testing. Pi had previously open-sourced robotics models such as π0 and π0.5, but developers still had to deploy and train them on their own. This time, the company has further packaged model fine-tuning, computing power, and inference services into an API, aiming to become a shared intelligent foundation for various robots. However, test access is still by application only, and pricing has not been announced yet.
1 seconds ago
Spark: Q3 Net Protocol Revenue Surpasses $4 Million, Stablecoin Swap Layer Hits Over $14 Billion in Trading Volume in Its First Month
DeFi lending protocol Spark has disclosed that its net protocol returns exceeded $4 million in the third quarter of 2026. In the first half of the year, DeFi lending spreads narrowed significantly, with lending capital profitability turning negative in the second quarter. After driving growth for Spark Savings USDT in Q3, related returns rebounded above capital costs. During the same period, Spark partnered with Uniswap and Sky to launch a stablecoin swap layer, which went live with $150 million in USDS liquidity, offering stablecoin swap services to banks, fintech firms and payment companies, and recorded over $14 billion in trading volume in its first month.
Saifedean Ammous, the author of the 2018 academic book “The Bitcoin Standard,” said that Bitcoin already functions as a medium of exchange and that volatility’s effect on that is likely to diminish.
Bitcoin (BTC) can serve as a medium of exchange as it becomes less volatile than gold while surpassing the market capitalization of the largest precious metal, wrote Ammous in a Tuesday X post.
“Holding Bitcoin is using Bitcoin as money, and its lack of widespread use as a method of payment is no evidence against its monetization unfolding,” added Ammous.
The remarks come in response to a passage in Professor Lawrence H. White’s book, “Better Money: Gold, Fiat, or Bitcoin?,” which argued that Bitcoin’s fixed supply makes it too volatile to serve as a medium of exchange.
“With no supply response to demand swings, BTC’s price is too volatile for people who want a reliable medium of exchange,” wrote White in a Monday X post, referencing chapter six of his book. He added that the lack of supply response was the reason stablecoins have “eaten BTC’s lunch transaction volume.”
Other industry watchers have also predicted that Bitcoin would eventually surpass gold. In May 2025, Bitwise’s head of European research, André Dragosch, told Cointelegraph that their in-house prediction forecasts a $1 million Bitcoin price by 2029, which would make Bitcoin match gold’s market capitalization.
However, Bitcoin’s current $1.6 trillion market capitalization would need to grow by at least 18-fold to surpass Gold’s near $29 trillion market cap to become the leading global asset.
In April 2025, Blockstream CEO Adam Back predicted Bitcoin will start rivaling gold’s use cases as a monetary hedge, due to global financial instability and rising fiat inflation.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The exchange, which puts its own share of all bitcoin at about 5%, called the post "an input to an open discussion" and flagged signing risks that weigh on large custodians.
Coinbase lays out what it wants from Bitcoin's quantum-resistant upgrade
Posted October 14, 2026 at 6:32 am ET.
Coinbase set out what it wants from Bitcoin‘s shift to signatures that can resist a future quantum computer, and much of its list traces back to how a large custodian actually signs transactions.
Holding roughly 5% of all BTC in existence by its own count, the exchange described the post as “an input to an open discussion, not a set of instructions or a final Coinbase position.”
Coinbase argued the work should start before anyone proves the threat is real. “We believe it is important to begin preparing well ahead of any CRQC announcement,” the company wrote in the post, referring to a cryptographically relevant quantum computer, one able to derive private keys from exposed public keys. It said changes to Bitcoin’s consensus rules, and the migrations that follow, can take years.
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Hybrid Keys and Swappable Signatures
Coinbase said it favors an output type that lets new post-quantum signature schemes be added or replaced later without a full redesign. It pointed to BIP-360, a draft that would create a Pay-to-Merkle-Root (P2MR) output through a soft fork by dropping Taproot’s key path, and to a design called P2TRv2.
The exchange also floated a 1-of-2 hybrid, in which the same coins could be spent either with a classical ECDSA or Schnorr key or with a post-quantum key. That would let active wallets add protection before the network settles what happens to older signature types.
Why Custody Shapes the Wish List
Stateful signature schemes could be smaller and faster, but Coinbase wrote in the post that managing their state “is notoriously error-prone and could even lead to forgery.” It said its signing servers run independently across zones, which a scheme needing an exclusive lock on each key and its state would make infeasible. If stateful schemes are adopted, Coinbase wants a stateless fallback. Separately, it listed SHRINCS, a compact hash-based draft that itself pairs a stateful signing path with a stateless backup, as a candidate to evaluate alongside ML-DSA, SLH-DSA and FN-DSA.
It also wants Bitcoin’s options to include at least one scheme with promising compatibility with multi-party computation (MPC), which splits signing control across parties, describing that in the post as “a consideration for scheme selection, not a request for the Bitcoin community to develop a particular MPC protocol.”
Coinbase said it would be useful to consider whether and how holders who move late could still migrate after any cutoff for legacy signatures, and wrote in the post that legacy funds, including dormant and lost coins, are “best treated as a separate governance and engineering problem.” That question has already drawn pushback: Cardano founder Charles Hoskinson argued that BIP-361, a draft that would phase out legacy ECDSA and Schnorr spending, would in practice require a hard fork.
Earlier this year, Google researchers described how a fast quantum machine could target bitcoin transactions in the minutes before they are confirmed.
Related Listen: Why a Hidden Public Key Still Can’t Protect Your Bitcoin From Quantum Computing
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Bitcoin (BTC) can still preserve its traditionally strong October performance, as onchain data points to a local BTC price bottom forming.
Key points:
Onchain data suggested that Bitcoin could still end October strong, following historical patterns. Bitcoin exchange reserves remained 1.7% lower than in mid-September, while whales avoided selling.Apparent demand neared a transition to positive readings for the second time in 2026.BTC price analysis flags “potential bottom” signalsNew analysis published on crypto analytics platform CryptoQuant Monday show onchain conditions in a state of “cautious optimism.”
Bitcoin continues to weather mixed macroeconomic and geopolitical headwinds, which include 24-year highs in US bond yields, rising oil prices and cooling capital inflows to exchange-traded products. These conditions have dampened optimism over Bitcoin delivering a strong performance in October.
“Now, signs of a potential bottom are emerging,” CryptoQuant contributor XWIN Research Japan wrote.
Since the start of October, conditions have changed to increasingly benefit crypto and risk assets. XWIN points to cooling expectations of interest-rate hikes by the Federal Reserve into 2027, boosting the odds of inflows improving. At the same time, markets expect more clarity over the US domestic political situation after the approaching Midterm Elections.
“Less political uncertainty after the vote could help investors reassess allocations,” XWIN continued.
Bitcoin exchange reserves, apparent demand and whale holdings give XWIN reasons to believe that October’s local low may have already occurred.
The BTC supply on exchanges has fallen from 2.726 million on Sept. 20 to 2.68 million as of Tuesday, a decrease of 1.7%, despite a modest increase over the past week.
At the same time, the combined holdings owned by large-volume investors, or whales, remain above 3 million BTC. The cohort’s urge to reduce exposure has survived BTC/USD dropping from $87,000 on Oct. 2 to near $80,000 on Oct. 8.
Bitcoin demand data stays bullish in OctoberApparent demand, a measure that compares newly mined BTC with changes in dormant supply, shows overall demand remains supportive.
The metric has been negative throughout 2026, with a brief period of positive 30-day readings in the second half of August. Since then, demand has been negative, but has recovered to near-neutral levels as of this week.
“These developments suggest conditions for a bottom are improving. Confirmation requires sustained ETF inflows, stronger US spot buying and continued demand recovery,” XWIN said.
“‘Uptober’ need not mean uninterrupted gains: a correction can build the foundation for the next advance.”Bitcoin apparent demand growth. Source: CryptoQuant
This week, crypto asset manager Bitwise said that Q3 onchain data pointed to “crypto spring” after historically significant performance. CryptoQuant CEO Ki Young Ju, meanwhile, announced what he saw as the start of a new crypto bull market in late August, calling the bear market “over.”
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Bitcoin trades near the $83,300 mark on Wednesday after briefly crossing $84,000, as a sharp sell-off in Asian equities and broader macroeconomic uncertainty continue to weigh on market sentiment. The cryptocurrency was trading at the $83,388 mark.
In the past 24 hours, Bitcoin was down 0.08% and Ethereum was down 0.21% to trade around the $2,504 mark. Among the major altcoins, BNB, Solana, Hyperliquid and Cardano corrected up to 1.65%, whereas XRP, Tron, and Dogecoin gained less than 1%.
The recent correction has been accompanied by over $800 million in crypto liquidations over the past 24 hours, indicating significant pressure on leveraged positions, said Avinash Shekhar, Co-Founder & CEO, Pi42.
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He further said that meanwhile, weakening institutional demand and outflows from Bitcoin ETFs suggest that investors are adopting a cautious approach despite signs of accumulation at lower price levels.
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The global crypto market capitalisation edged down 0.1% to $2.8 trillion, according to data on CoinMarketCap.
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Minal Thukral, Executive VP-Growth & Crypto Business Head at CoinDCX, said Bitcoin price is trading at around $83,700 after a firm rebound from the intraday low below $81,000, and market sentiment remains neutral while the fear and greed index rises slightly to 55.
Over the last week, Bitcoin was down 0.53% and Ethereum was down 3.91%. Among the major altcoins, BNB, Tron, Dogecoin, Hyperliquid and Cardano corrected up to 9.84%.
Prateek Gupta, Head of Business, Mudrex, said Bitcoin is trading near $83,000 after testing resistance at $84,000, showing resilience despite broader market weakness, while US spot Bitcoin ETFs recorded $65 million in outflows, reflecting mixed institutional demand.
Gupta further said that on-chain data shows BTC has held support near $81,500, the average cost basis for US ETF investors, with large holders resuming accumulation after more than a year of selling. Corporate buying continues, with Strive adding 3,311 BTC to reach 32,773 BTC.
Market perspective
CoinSwitch Markets Desk: BTC briefly reclaimed $84K due to volatility in Asian equities, as concerns over AI valuations and semiconductor competition influenced broader market sentiment. Looking ahead, upcoming U.S. inflation data, Treasury yield movements and technology earnings will be key catalysts, while stabilisation in global equities could support renewed momentum across crypto markets.
Nischal Shetty, Founder, WazirX: Bitcoin trades near $83,326 with a positive daily bias, supported by strong moving averages and neutral RSI. Support sits at 83,000-83,250, while 83,700-83,900 forms resistance. Holding support could preserve momentum.
Vikram Subburaj, CEO, Giottus: Bitcoin is trading near $81,900 as investors remain cautious amid uneven institutional demand and uncertainty over US monetary policy. US spot Bitcoin ETFs recorded heavy outflows earlier this month, with withdrawals of $484.9 million on October 7 and $244.1 million on October 8.
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JioBlackRock Flexi Cap Fund exits Eternal, Ashok Leyland and 16 more, trims stake in RIL, HDFC Bank and 32 othersRiya Sehgal, Research Analyst, Delta Exchange: Crypto markets remain volatile after another sharp sell-off, with Bitcoin recovering from below $81,000 to around $83,700. The decline triggered roughly $774 million in liquidations, mostly long positions, alongside weakness in Asian equities and macro uncertainty.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Bitcoin traded around $83,450 after spiking to $84,000 early in the European morning.The CoinDesk 80 fell 0.6% since midnight UTC while the CoinDesk 20 edged higher, with DeFi tokens the weakest sector.Traders await U.S. CPI, expected to show inflation quickening to 3.6%, after New York Fed President John Williams said he saw no need for rate increases in 2027.Bitcoin BTC$83,212.45 was trading around $83,450 in the European morning after briefly spiking to $84,000 at 08:00 UTC, having bounced from a low of $80,970 on Tuesday.
Altcoins struggled to follow, with the CoinDesk 80 falling 0.6% since midnight UTC while the CoinDesk 20 added 0.2%, leaving close to two-thirds of the CoinDesk 100’s members lower. CoinMarketCap’s Altcoin Season index slipped to 55 from 60 a week ago.
Some pressure eased overnight after New York Fed President John Williams said he saw no need for interest-rate increases in 2027, though he left the door open to one more this year.
That puts the focus on today’s U.S. consumer price index, the last inflation reading before the Fed’s Oct. 28 decision. Economists polled by Dow Jones estimated annual inflation quickened to 3.6% from 3.4%, CNBC reported, with gasoline averaging $4.34 a gallon against $3.08 a year earlier, according to AAA.
S&P 500 index futures edged up 0.2%, while Brent crude held near $106 a barrel.
Derivatives positioningFutures activity is cooling: 24-hour crypto futures volume fell 26% to $156.79 billion. Cumulative open interest (OI) dropped to $140 billion, down 2.27%. Liquidations slid more than 80% to $136.32 million. Lower forced selling points to a calmer, less leveraged market. The long-short taker volume ratio still leans bearish, with shorts accounting for 52% of the flow.Bitcoin and ether traders are de-risking: OI in the two largest cryptocurrencies is down 3.5% and 2.7%, respectively, alongside flat to negative price action over 24 hours. The drops in dollar-value OI mean positions are being closed, not just marked down, so capital is leaving. It's typical of the caution ahead of key economic reports.ZEC is the only major token showing fresh money: OI is up over 4% alongside a 1% rise in spot price. Because OI is measured in dollars, the faster gain suggests new contracts of roughly 3% are being opened, which is net capital inflow beyond the price move. The coin’s 24-hour OI-adjusted cumulative volume delta (CVD) is positive, and annualized perpetual funding rates are almost 10%. That means buyers are aggressive and longs are paying to hold positions. Canton Network's CC token shows a similar setup.Leverage appears to be rotating into altcoins: Over the past 30 days, OI in bitcoin and other major cryptocurrencies has declined, while that in tokens such as NEAR and Wormhole has risen significantly. The discrepancy points to speculative capital seeking higher beta.CVD shows where the buying and selling pressure is: BTC and TRX lead the past 24 hours, while UNI, SUI and NEAR have the most negative values among the majors. NEAR stands out because rising OI alongside heavy net selling suggests the buildup may be bearish positioning.Bitcoin's implied volatility is rising: BTC’s 30-day implied volatility index, BVIV, has bounced to 40%, higher than its 50- and 100-day averages. Traders may want to watch this because spikes in implied volatility are often a feature of risk aversion. Ether's index is up slightly.Options traders are trading downside protection in bitcoin: BTC's 24-hour options rankings show puts at the $60,000, $78,000 and $75,000 strikes at the top. In ETH's case, calls at the $3,400 and $2,600 strikes top the list, along with the $2,300 put.Token talkOptimism OP$0.1541 has slipped 4.2% since midnight after rallying to its highest since mid-May on Tuesday. The run followed Uniswap’s Unichain completing its testnet migration to OP Enterprise on Oct. 13, with the mainnet move scheduled for Oct. 29. Under the arrangement, Optimism will run Unichain’s production infrastructure, including its sequencer.DeFi is the weakest corner of the market, with the CoinDesk DeFi index (DFX) falling 1.8% since midnight. Liquid staking token lido LDO$0.4227 lost 2.9%, jito JTO$0.5277 2.8% and uniswap (UNI) 2.5%.Some of last week’s biggest gainers are leading the decliners, with starknet STRK$0.07904 down 4.5% since midnight, kaia KAIA$0.04529 3.8% and celestia (TIA) 3.7%. Celestia reached its highest level of 2026 at about $0.63 on Saturday.AI agent payments token kite KITE$0.1395 leads the gainers with a 5.3% rise, followed by oracle token pyth PYTH$0.08505, up 4.5%, and privacy-focused AI platform token venice VVV$22.67, up 2.4%. Zcash (ZEC) has added 1.7%.Related Assets
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.
Bitcoin fiyatının yönü konusunda belirsizlik devam ederken kripto para analisti Joao Wedson, kısa vadeli yatırımcıların maliyet verilerinden hareketle önemli fiyat seviyelerini paylaştı. Analiste göre BTC fiyatının 82.658 doların üzerinde kalması, toparlanma ihtimalini destekleyebilir. Bu seviyenin kaybedilmesi durumunda ise 74.264 dolara doğru geri çekilme riski gündeme gelebilir.
Wedson’un değerlendirmesi, kısa vadeli yatırımcıların kâr ve zarar durumunu ölçen zincir üstü verilere dayanıyor. Bitcoin’in olası yükseliş ve düşüş senaryolarında hangi fiyat bölgelerinin öne çıktığını anlamak isteyen yatırımcılar için bu seviyeler yakından izlenmesi gereken göstergeler arasında yer alıyor.
Bitcoin İçin En Önemli Destek Seviyesi Hangisi?
Analistin paylaştığı verilere göre Bitcoin 83.608 dolar seviyesinde işlem görürken kısa vadeli yatırımcıların MVRV oranı 1,13 olarak ölçüldü. MVRV oranı, piyasa değerini gerçekleşen değerle karşılaştırarak yatırımcıların genel kâr veya zarar durumuna ilişkin fikir veriyor. 1,13 seviyesi, bu yatırımcı grubunun ortalama olarak yaklaşık yüzde 13 gerçekleşmemiş kâr taşıdığına işaret ediyor.
Wedson’un analizinde 82.658 dolar, Bitcoin’in kısa vadeli görünümü açısından belirleyici eşik olarak öne çıkıyor. Fiyatın bu bölgenin üzerinde tutunması, alıcıların piyasadaki varlığını koruduğunu gösteren bir işaret olabilir. Ancak tek başına bu seviyenin üzerinde işlem görmek, yükselişin kesinleştiği anlamına gelmiyor.
BTC Yükselirse Hangi Dirençler İzlenmeli?
Bitcoin’in yukarı yönlü hareketini sürdürmesi halinde analistin belirlediği ilk önemli direnç 91.051 dolar seviyesinde bulunuyor. Fiyatın bu bölgeyi aşması durumunda sonraki direnç noktası 99.444 dolar olarak öne çıkıyor.
Bu seviyeler, olası yükseliş sırasında satış baskısının artabileceği bölgeleri belirlemek açısından önem taşıyor. BTC’nin 91.051 doları aşması, 99.444 dolara doğru hareket alanı oluşturabilir. Bununla birlikte piyasa koşulları, işlem hacmi ve yatırımcı talebi fiyatın bu dirençleri geçip geçemeyeceğini belirleyecek unsurlar arasında yer alıyor.
Kripto para piyasasında direnç seviyeleri kesin fiyat hedefleri olarak değerlendirilmemeli. Bunlar, geçmiş fiyat davranışları veya analitik modeller üzerinden izlenen ve farklı piyasa koşullarında değişebilen referans noktalarıdır.
82.658 Dolar Kaybedilirse Ne Olabilir?
Wedson’a göre Bitcoin’in 82.658 dolar desteğinin altına gerilemesi, daha düşük fiyat bölgelerinin gündeme gelmesine neden olabilir. Bu senaryoda ilk önemli hedef, kısa vadeli yatırımcıların ortalama maliyetini temsil eden 74.264 dolar seviyesi.
Bitcoin’in 74.264 doların altına düşmesi, söz konusu yatırımcı grubunun ortalama olarak gerçekleşmemiş kârdan gerçekleşmemiş zarara geçmesi anlamına gelebilir. Böyle bir değişim, bazı yatırımcıların pozisyonlarını kapatmasına yol açarak satış baskısını artırabilir. Ancak bu sonuç kesin değildir; yatırımcıların davranışları piyasa koşullarına göre değişebilir.
Analist, daha sert bir düzeltme yaşanması durumunda izlenebilecek diğer destek seviyelerini de sıralıyor. Bunlar sırasıyla 65.871 dolar, 57.478 dolar ve 49.084 dolar. Fiyat bu bölgelere gerilerse piyasanın satış baskısı ve yatırımcıların pozisyonlarını kapatma eğilimi daha yakından takip edilmelidir.
Bitcoin Analizinde Hangi Veriler Birlikte İzlenmeli?
Yalnızca destek ve direnç seviyelerine bakmak, Bitcoin’in yönünü değerlendirmek için yeterli olmayabilir. MVRV oranı, işlem hacmi ve fiyatın kritik bölgelerdeki davranışı birlikte incelendiğinde daha kapsamlı bir piyasa analizi yapılabilir.
Özellikle 82.658 doların korunup korunmadığı ve 74.264 dolar çevresindeki fiyat hareketleri, kısa vadeli görünüm açısından önem taşıyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
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A software engineer in the United Kingdom has filed a lawsuit against HDR Global Trading, the operator of the now-defunct crypto derivatives exchange BitMEX, seeking the return of 324.8 BTC. The case, brought by Lewis Barber in London’s Commercial Court, centers on allegations that BitMEX entered into trades with him without the necessary authorization from the UK Financial Conduct Authority (FCA).
Exchange operations and regulatory questionsBarber’s claim states that between 2018 and 2022, he executed approximately 2,294 trades on BitMEX from five separate accounts, focusing on perpetual swaps, a type of crypto derivative. Out of these transactions, 1,053 resulted in losses. The claim argues that each of these transactions constituted a regulated activity that required FCA approval, which BitMEX allegedly lacked.
According to the particulars of the claim, as of October 1, the Bitcoin in question was valued at £20.4 million, equivalent to about $27.2 million. Barber’s legal team contends that these contracts are unenforceable under the Financial Services and Markets Act 2000 due to BitMEX’s lack of regulatory status in the UK.
The claim further notes BitMEX’s active approach to UK users, including allowing new sign-ups to select the UK as their residence and running international promotional campaigns. This included an advertisement in The Times in January 2019. It cites an FCA warning from March 2020 suggesting BitMEX may have operated without authorization in the UK market.
Barber is also pursuing damages for deceit, arguing that BitMEX implicitly misrepresented its legal standing. His solicitors notified BitMEX of the intent to rescind the trades in December 2025, according to the legal filing.
Barber’s lawyers believe that other UK traders who interacted with BitMEX under similar circumstances could have comparable claims, with potential liability running to hundreds of millions of pounds.
The legal action has been filed but not yet formally served on BitMEX. A spokesperson for HDR Global Trading said there has been no service of the claim on the company.
Further legal challenges and political linksBitMEX faces other legal troubles, including a proposed class action in New York alleging Bitcoin theft and insider trading. This suit names the exchange’s co-founders, Arthur Hayes, Ben Delo, and Samuel Reed.
All three co-founders admitted to Bank Secrecy Act violations in 2022, specifically for failing to implement an adequate anti-money laundering program. BitMEX itself pleaded guilty to similar violations in 2024 and was ordered to pay a $100 million penalty in January 2025.
In March 2025, President Donald Trump issued pardons for Hayes, Delo, and Reed. CNBC reported that each co-founder agreed to pay a $10 million fine as part of the settlement. Hayes publicly acknowledged the pardon on X.
Gareth Keillor, a partner at Seladore Legal, highlighted that additional UK-based individuals may have similar claims against BitMEX, though the validity of each would depend on particular trading histories and facts.
Separately, Ben Delo made headlines by donating £36 million to Reform UK, marking the largest single political donation in British history.
BitMEX winds down operationsBitMEX officially ceased its exchange services on September 23, following an announcement in July detailing its planned closure. The company confirmed the conclusion of all trading activity at 04:00 UTC on a Wednesday, after a two-month wind-down period.
While users can still access their accounts and withdraw funds, the exchange is no longer accepting new deposits or trade positions. BitMEX has stated that all customer funds are secure, encouraging users to remove any remaining balances as soon as possible.
In the context of ongoing legal and regulatory uncertainties, the case has underscored the significance of minimizing operational risks and closely monitoring changes in the crypto industry. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, users gain access to real-time charts, smart price alerts, coin-specific news, and essential macro data all in one place.
Galaxy Research Head of Research Alex Thorn noted in a recent post that despite the growth of institutional and centralized Bitcoin holdings in recent years, more than half of the cryptocurrency’s supply remains in addresses with unknown ownership. He argues that a significant portion, possibly even the majority, of Bitcoin is still held by individuals via self-custody. Per Galaxy Research’s supply attribution map, based on block height 971,382 and an unspent Bitcoin supply of roughly 20.098 million BTC, "unattributed" addresses account for 55.1% (about 11.1 million BTC). Among attributed holdings, exchanges make up 17.9%, ETFs and funds 6.0%, Patoshi (linked to Satoshi Nakamoto’s early mining patterns) 5.6%, followed by custodial institutions, miners, and corporations, among others. Top attributed holders include Coinbase, BlackRock’s IBIT, Binance, Fidelity Custody, and Strategy.
Cryptocurrency exchange BitMEX has been named in a £20 million lawsuit filed by British software engineer Lewis Barber, who alleges the company offered unauthorized derivatives trading to UK customers between 2018 and 2022.
Summary
BitMEX faces a £20 million lawsuit from British software engineer Lewis Barber over cryptocurrency trading losses.
Barber alleges BitMEX offered regulated derivatives without authorization from Britain’s Financial Conduct Authority during trading activities.
The claim seeks Bitcoin lost between 2018 and 2022, relying on UK financial services legislation.
BitMEX said the legal claim had not been served on its operating company, HDR Global.
U.S. authorities fined BitMEX $100 million in January 2025 after its earlier Bank Secrecy Act conviction.
The Guardian reported on October 14 that Barber had filed the claim at London’s High Court against HDR Global Trading Limited, the Seychelles-based operator of BitMEX. Barber is seeking the return of Bitcoin he says he lost while trading cryptocurrency derivatives, or compensation of equivalent value. The claim had not been formally served on the company when the allegations became public.
BitMEX faces questions over unauthorized UK trading
Barber’s lawsuit centers on cryptocurrency derivatives, financial contracts that allow investors to speculate on price movements without directly owning the underlying assets. The products often involve leverage, which increases potential gains and losses.
Through his trading activity on BitMEX, Barber alleges he lost Bitcoin worth approximately £20 million between 2018 and 2022. His lawyers argue that the exchange lacked the necessary Financial Conduct Authority authorization to provide the disputed investment services to UK customers.
The claim relies on the Financial Services and Markets Act 2000, particularly provisions dealing with agreements entered into by companies conducting regulated activities without the required permissions.
The legislation provides that certain agreements involving unauthorized regulated activities may be unenforceable. Under specified conditions, affected customers can seek the return of money or property transferred through such agreements.
Barber’s lawyers contend that the provisions apply to his cryptocurrency trades. The court has not decided whether BitMEX breached the applicable rules or whether the investor is entitled to recover his losses.
The disputed transactions involved leveraged cryptocurrency derivatives and perpetual futures, products that allow traders to take positions using borrowed exposure. Such contracts can produce substantial losses when prices move against leveraged positions.
Investor says BitMEX promoted its products in Britain
The lawsuit includes allegations concerning how BitMEX marketed its trading services to potential customers.
Barber’s lawyers claim the exchange conducted promotional campaigns internationally without excluding the United Kingdom. The filing specifically refers to an advertisement published in The Times on January 3, 2019.
The legal team argues that the company’s promotional activities supported its efforts to attract customers in Britain, despite allegedly lacking the regulatory permissions required for certain derivatives products.
The statement of claim refers to an FCA warning issued around March 3, 2020. According to the reported filing, the regulator warned that BitMEX might have been conducting regulated investment activities in the UK without authorization.
Barber’s lawyers maintain that the transactions were therefore subject to the remedies available under British financial services legislation. However, the FCA warning cited in the lawsuit is not itself a court finding that the disputed contracts were unlawful.
Gareth Keillor, a partner at Seladore Legal representing Barber, said the case concerns cryptocurrency trading losses accumulated over several years.
“This is a substantial claim concerning losses sustained by Lewis over a number of years,” Keillor said.
He explained that Barber’s position is that BitMEX entered into the disputed transactions without the authorization required under UK law. The investor is consequently seeking the Bitcoin he lost or equivalent damages.
Keillor suggested that other UK customers may have entered similar agreements with the platform, although the merits of any separate claims would depend on individual trading records and circumstances.
BitMEX says the £20 million claim has not been served
The legal action became public weeks after BitMEX ended its cryptocurrency exchange operations.
The Seychelles-based platform voluntarily closed on September 23, 2026, following a strategic review of its business. The closure ended its trading services but did not prevent legal claims from being filed against its operating company.
Barber named HDR Global Trading Limited as the defendant in the High Court proceedings.
Responding to the reported lawsuit, a BitMEX spokesperson said, “No such claim has been served on HDR Global Trading Limited.”
The statement addressed the formal service of the claim and did not provide a detailed response to the allegations concerning UK regulatory authorization.
Filing proceedings and formally serving them on a defendant are separate legal steps. Service ordinarily gives the defendant notice of the case and an opportunity to respond within the applicable court timetable.
No defense filing, hearing date or judgment in Barber’s case was identified in the October 14 report.
Barber’s lawyers suggested that the proceedings could have consequences for other former customers who traded similar products through BitMEX.
Keillor said other UK residents may have entered comparable contracts, but he cautioned that any potential recovery would depend on the particular facts and trading history.
The legal team suggested that liabilities could reach hundreds of millions of pounds if additional investors brought successful claims. The estimate represents a possible scenario raised by Barber’s lawyers, not an established liability or damages award.
BitMEX has faced previous legal action in the U.S.
The latest case follows earlier enforcement proceedings against BitMEX and its founders in the United States.
In July 2024, HDR Global Trading Limited pleaded guilty to violating the Bank Secrecy Act after federal prosecutors accused the exchange operator of failing to maintain an adequate anti-money-laundering program.
The U.S. Department of Justice confirmed the guilty plea, stating that the company failed to establish sufficient customer identification and compliance procedures while conducting cryptocurrency derivatives business.
Prosecutors said the exchange allowed customers to open accounts using limited identifying information during part of the period covered by the investigation.
In January 2025, the Justice Department announced that BitMEX had been fined $100 million for the Bank Secrecy Act offense.
The sentence followed the company’s guilty plea and included a two-year probation period.
BitMEX founders Arthur Hayes, Ben Delo and Samuel Reed had previously pleaded guilty to related Bank Secrecy Act charges in 2022. They received financial penalties and sentences that did not require imprisonment.
President Donald Trump pardoned the three founders in March 2025.
The earlier U.S. proceedings concerned anti-money-laundering compliance and customer identification requirements. Barber’s lawsuit concerns a separate question involving the authorization needed to offer certain financial products in Britain.
Meanwhile, BitMEX has faced another civil action in New York, where investors accused the exchange of Bitcoin theft and insider trading. The company has denied those allegations.
Ben Delo, one of the exchange’s founders, has separately attracted attention in British politics after making a £36 million donation to Reform UK. Delo said the contribution was intended to support what he described as fair political competition.
Barber’s High Court claim seeks the return of Bitcoin allegedly lost through trading between 2018 and 2022, or equivalent damages. As of the October 14 report, BitMEX maintained that the proceedings had not been formally served on HDR Global Trading Limited.
Recent rapid advancements in quantum computing technology have brought the quantum threat back to the forefront of security concerns for cryptocurrencies, particularly Bitcoin.
The possibility that sufficiently powerful quantum computers could break the current cryptographic systems of cryptocurrencies is raising concerns about the long-term security of digital assets. Therefore, the transition to quantum-resistant technologies and the preparation of existing networks against quantum attacks are becoming increasingly important in the crypto sector, and warnings are mounting. The latest warning comes from Coinbase.
Coinbase Issues Quantum Warning for Bitcoin! Coinbase, which holds approximately 5% of the BTC supply, stated that the Bitcoin network needs to prepare for cryptographic threats that quantum computers may pose in the future. It emphasized that the network should begin planning for a transition as soon as possible. Coinbase’s assessment noted that the transition process could take years.
The exchange stated that Bitcoin needs to proactively respond to potential cryptographic risks that may arise from quantum computers in the future.
At this point, an article titled “Working Together on Bitcoin’s Post-Quantum Readiness” written by Coinbase analyst Shashank Agrawal emphasized that Bitcoin’s transition to post-quantum security cannot be solved simply by choosing a new digital signature algorithm. The exchange added that many factors need to be considered together, including block space constraints, full node verification capacity, institutional asset custody requirements, compatibility with retail wallets, and how to handle non-transferable funds.
According to the company, developers, researchers, and other stakeholders in the crypto ecosystem need to work in coordination to protect the network against future threats.
At this point, Coinbase stressed that the transition could take years and that preparations needed to be completed before any quantum computing threat became a reality.
Coinbase also stated that the future of Bitcoins whose keys are lost or cannot be transferred by their owners, and which are held in old addresses, also needs to be addressed.
*This is not investment advice.
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