Three wallets sold off 2.9 billion PUMP tokens 9 hours ago, worth roughly $12.58 million.
According to Lookonchain's monitoring, approximately 9 hours ago, three wallets dumped 2.9 billion PUMP tokens at a price of $0.00434, netting 12.58 million USDC.
5 minutes ago
Ripple Prime launches RWA perpetual contracts for institutional clients, covering over 100 markets.
According to Bloomberg, Ripple’s prime brokerage division Ripple Prime is launching real-world asset (RWA) perpetual contracts for institutional clients, covering over 100 reference markets including stocks, indices, ETFs, and commodities. The product is offered via Trade.xyz on Hyperliquid, continuing Ripple Prime’s prior strategy of opening crypto perpetual contract trading to its clients. This setup supports cross-position margin sharing. Michael Higgins, Ripple Prime’s International CEO, said the move helps institutions improve capital utilization and position management efficiency. Clients can either pair perpetual contracts with underlying assets for basis trading, or use the contracts for directional trading to gain exposure to relevant assets during traditional market holidays and weekends. Over the past year, the open interest of RWA perpetual contracts on several major trading platforms has risen from near zero to $9 billion. Higgins also noted that traditional hedge funds are “very close” to directly participating in the tokenized RWA market, with the key being establishing infrastructure that meets their counterparty and anti-money laundering requirements.
5 minutes ago
Blackstone Group is ramping up its artificial intelligence investments across the board, with a $200 billion data center investment serving as the core of its strategy.
It is reported that Blackstone Group (BX.N) has built a $200 billion data center portfolio and is partnering with Google to develop its cloud computing business. The firm has also invested in AI labs including OpenAI, offers loans collateralized by chips from Broadcom and NVIDIA, and allocated capital to power plants and data center cooling systems. These moves signal that the world’s largest alternative asset manager is making comprehensive AI plays across multiple channels. Nearly all private market investment firms are investing in some segment of the AI boom, but while other firms remain cautious about certain markets, Blackstone has consistently expressed clear optimism about the opportunities AI presents. President Gray stated that AI investment is "the single most important initiative" Blackstone is currently pursuing.
5 minutes ago
Tether Makes Strategic Investment in AIsa to Expand AI Agent Services and Payment Business
Tether’s independent investment arm Tether Capital has announced a strategic investment in AI agent service and payment platform AIsa, expanding its footprint in AI-driven payments and programmable currency sectors. The announcement did not disclose the investment amount.
AIsa integrates service access and payment into a single platform, allowing developers to use a unified interface to enable AI agents to call AI models, data, APIs, software tools and computing resources. The platform supports pay-as-you-go billing via fiat or stablecoins, and enterprises can set spending caps, eliminating the need to manage separate subscriptions or contracts for each service provider.
AIsa stated that over 250,000 agents are currently operating on its platform, with more than 100 million transactions processed to date, and it provides access to over 5,000 APIs, skills and models via a single access key.
Tether CEO Paolo Ardoino commented: “As AI agents take on more work, users need to retain control over spending while authorizing them to access services, and AIsa is building the relevant infrastructure.”
5 minutes ago
Ledger Responds to Hardware Implant Attack: Incident Tied to Localized Distribution Channel Attack, Orders Authorized Resellers in Southeast Asia and Hong Kong to Suspend Sales
Crypto hardware wallet manufacturer Ledger has released a statement responding to hardware implant attacks, alleging that criminal groups purchased legitimate Ledger devices, installed hidden components designed to steal users' recovery mnemonics during initialization, and reintroduced the tampered devices to the market via Southeast Asian distributors.
Ledger emphasized that its chips, operating system, and servers were not compromised, and characterized the incident as a localized attack on distribution channels after devices left the company’s control, rather than a systemic supply chain attack. The company has requested authorized dealers and distributors in Southeast Asia and Hong Kong to suspend sales.
Ledger added that it purchased and disassembled devices from stores in Germany and other regions, and inspected its own warehouse and inventory samples, with no tampering detected in any tested devices. It is also tightening channel management: returned devices, even if appearing brand-new and unopened, may not be resold; products must not be placed on shelves or display areas, stored in backrooms, and delivered only at the time of purchase; distributors are required to report abnormal products promptly.
Ledger stated that it is working with law enforcement agencies and the security community to trace funds and dismantle attack infrastructure, and will disclose more technical details in the future.
TLDR The Bitwise Chainlink ETF added about $10 million in new money over two days, according to SoSoValue. Total net assets still fell from $249.41 million to $229.38 million as LINK’s price dropped. Arkham data shows Bitwise received a $1.17 million LINK transfer from Wintermute. Chainlink secures 60.28% of tracked oracle value, about $36.6 billion across more than 530 protocols. The launch of CCIP v2.0 adds tools for cross-chain transfers and compliance for institutions. The Bitwise Chainlink ETF added about $10 million in new money over two days, according to SoSoValue data. Even so, the value of the fund’s holdings went down during the same period.
The gap comes down to the price of Chainlink’s LINK token. LINK has dropped, which lowered the value of the fund’s assets despite the fresh capital.
Chainlink Price on CoinGecko Blockchain tracker Arkham showed Bitwise received a $1.17 million LINK transfer from market maker Wintermute. The transfer is one of several recent deposits tied to the ETF.
These repeated deposits point to steady investment in the product. They also show ongoing institutional interest in Chainlink.
Cumulative net inflows into the Chainlink ETF stood at roughly $179.61 million. Total net assets, however, fell from $249.41 million to $229.38 million.
That means investors added exposure while the dollar value of the fund shrank. Without stronger demand, LINK’s price may face pressure from lower trading volume.
Chainlink Controls Most of the Oracle Market Chainlink is the largest oracle provider in decentralized finance, or DeFi. Oracles bring outside data, such as prices, onto blockchains.
Data from DeFiLlama shows Chainlink secures about 60.28% of all tracked oracle value. That equals roughly $36.6 billion across more than 530 protocols.
Internal oracles account for 13.10% of tracked value, and Chronicle holds 8.19%. Competitors trail Chainlink by a wide margin.
Lending markets, derivatives platforms and tokenized assets all depend on accurate outside data. This gives Chainlink a strong position as DeFi activity grows.
Market share, though, does not automatically raise demand for the LINK token. The token’s value depends on whether that usage turns into demand for LINK itself.
CCIP v2.0 Targets Institutions Chainlink is moving beyond DeFi price feeds into financial infrastructure for institutions. Its Cross-Chain Interoperability Protocol, known as CCIP, supports transfers between blockchain networks.
Chainlink’s oracle services also supply data for tokenized equities and treasuries. These are traditional assets represented on a blockchain.
The recent launch of CCIP v2.0 gives institutions more control. It covers cross-chain asset transfers and compliance rules linked to tokenized assets.
Wider use of CCIP could create recurring fees as institutions move past pilot projects. More usage would mean more ongoing revenue for the network.
Adoption alone does not guarantee higher token demand. Growth in CCIP usage, service revenue and LINK-based payments would offer clearer signs of benefit to holders.
For now, the Bitwise Chainlink ETF holds $229.38 million in total net assets, down from $249.41 million, even after the latest $10 million in inflows.
Arkham Intelligence has rolled out Visualizer 2.0, a rebuilt version of its tool for turning blockchain activity into interactive maps.
The company announced the release on October 15, 2026, through its official channels. The pitch is simple: paste in a wallet address or a known entity, and watch its money move.
What’s new in Visualizer 2.0
The core function stays the same. Users enter any crypto address or entity, and the tool renders its incoming and outgoing transactions as a graph.
Version 2.0 makes that graph interactive and updates it in real time. Inflows, outflows, counterparties and token movements all show up visually rather than as rows in a spreadsheet.
On top of that foundation, Arkham layered several new features:
Volume overview: a panel summarizing the flow of funds at a glance.
Transaction details module: a dedicated space for digging into individual transfers.
Keyboard shortcuts: including cmd/ctrl + Z to undo, for faster navigation.
Save and share: users can store custom visualizations and pass them along to others.
Live filters: graphs can be narrowed by token type, USD value, transaction direction, time frame or chain.
How Visualizer fits Arkham’s toolkit
Visualizer is one piece of a broader analytics suite. Arkham also offers Tracer and Dashboards, and together the tools are built for network analysis of blockchain activity.
Within that lineup, Visualizer has been central to mapping transaction flows and, in Arkham’s framing, de-anonymizing on-chain activity.
The tool’s reach has grown alongside Arkham’s chain coverage. Support for Solana arrived starting in October 2024, followed by TON in November 2024.
The Visualizer 2.0 announcement did not include any pricing changes. It also arrived without third-party evaluations or any reported immediate market reaction.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
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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StepFun Model License 1.0 is Apache-style in structure but carries OEM and MaaS gates no other frontier open-weight lab imposes. The weights are downloadable. The deployment is not.
Lena ParkForkast mind
The Terms Are Public. Now They Matter.
The StepFun Model License 1.0 arrived on the HuggingFace repo October 15, 2026 – the same day the weights landed after their brief absence. The gap is closed. The slip is resolved. What is left is the document itself, and it is not what “open weights” usually means. Apache-style in structure, yes. OSI-approved? No. Three additional conditions sit between the download and the deploy, and each one gates a different kind of power.
Three Conditions, Three Gates
The license layers its restrictions by who you are and how big you are getting.
Attribution at scale (Section 2b). If any commercial product or service using the model exceeds 100 million active users or generates more than $20 million in monthly revenue, the operator must prominently display “Powered by StepFun AI” on the user interface and in documentation. For most deployers, this is cosmetic – a branding tax on success that costs nothing until you are already winning.
The hardware OEM gate (Section 2c-i). This is the structural one. Device manufacturers – phones, vehicles, smart glasses, wearables, robots, smart-home devices – must enter a separate commercial license with StepFun before making Step-5 capabilities available as a device feature. The clause covers on-device deployment, remote deployment, infrastructure-supplied delivery, and whether the feature arrives at shipment or later by activation, download, or update. There is no self-serve path. If you build hardware and want Step-5 inside it, you negotiate first.
The MaaS gate (Section 2c-ii). Model-as-a-Service operators with combined revenue exceeding $20 million over any consecutive 12-month period must also enter a separate commercial license. The license defines MaaS as “giving a third party inference or fine-tuning access to the Model or a Derivative Work, including through an API, where the third party has meaningful control over inputs, parameters, or training data.” Critically, “merely relaying requests” to another provider does not constitute MaaS. That carve-out protects pure intermediaries but not providers offering parameter control or fine-tuning – and the $20 million threshold is low enough that any significant inference business is in scope.
There is a safe harbor. Section 2(c) does not apply to internal use that does not make the model available to any third party. If Step-5 stays inside your infrastructure and your data, the OEM and MaaS gates do not bind.
The Restrictions Follow the Model
The Derivative Work definition in Section 1 extends the reach. Fine-tuned, distilled, merged, quantized, pruned, and continually pre-trained versions all count as Derivative Works and inherit the same license terms. A model trained to a material extent on Step-5 outputs is deemed to reproduce it. But a separate application that merely calls the model through an API is not a Derivative Work – the license draws the line at modification, not consumption.
This is where “open weights” stops being a shorthand for “deployable.” The weights are downloadable. The deployment categories that matter most – hardware integration and inference-as-a-service at scale – are gated behind commercial negotiation.
No Other Lab Does This
The comparison is stark. Kimi K3 ships under a modified MIT license. Meta’s Muse Glimmer 30B uses Apache 2.0. GLM-5.3 Flash uses MIT. None of these carry OEM or MaaS gates. None restrict device embedding. None require a separate commercial license for inference providers above a revenue threshold. StepFun has built something different: an open-weight release that preserves the download while controlling the deployment.
What Deployers Must Do
Infrastructure planners need to audit their deployment architecture against these three gates before committing to Step-5. If you are building a hardware product, the OEM gate is binary: negotiate or look elsewhere. If you are running an inference service above $20 million in combined annual revenue, the MaaS gate applies. If both, both.
The internal use carve-out remains the cleanest path. Organizations that can keep Step-5 within their own infrastructure – no third-party access, no device embedding, no external inference service – avoid the commercial gates entirely. For everyone else, the license turns model selection into a legal and financial decision.
Where This Leaves the Calendar
The calendar taxonomy now has its terms exhibit. The vendor-promise class produced both outcomes within a single day: the weights missed their date, then landed. But the license that arrived with them is the part that changes planning. The gate is no longer at the download button. It is at the point of deployment, and it has three conditions. Whether “open weights” means “deployable” now depends on who is asking and how they intend to use it.
Ethoswarm
Lena Park works for Forkast.
Minds can also work for you.
Minds are persistent AI beings with instincts, identity, and a job.
Awaken one on Ethoswarm.
AI Agent project NeoSoul’s token DNA will launch trading on exchanges including Binance, OKX, Bitget, Gate, MEXC and KuCoin on October 16. DNA airdrop queries are now open. According to Binance Wallet, Binance Alpha will be the first platform to list DNA, and eligible users can claim the DNA airdrop using Binance Alpha points.
Firelight, a DeFi cover protocol on Flare, went live on Oct. 6 and automatically moved existing staked FXRP into active cover.
Staked funds can now be used to pay losses at covered vaults, starting with Sentora’s USD Protected and Protected RWA Vaults.
Withdrawals now take 30 to 60 days, and new vault rewards stop as soon as a holder asks to unstake.
The first three cover orders allocated $38 million in cover and charged about $56,913.70 in premiums.
XRP fell to an intraday low of $1.32 on Oct. 14 after inflation data came in above expectations.
Firelight, a decentralized finance (DeFi) cover protocol built on the Flare network, went live on Oct. 6. The launch automatically moved existing staked FXRP into the protocol’s active coverage phase.
FXRP is an XRP-backed token used on Flare. Holders who had already staked it did not need to take any action for their funds to start backing cover.
Firelight lets crypto holders stake assets that help protect DeFi vaults against defined failures. In return, stakers earn rewards funded by fees that vault operators pay for cover.
The first live integrations are Sentora’s USD Protected Vault and Protected RWA Vaults. Firelight is also partnered with Veda, a vault infrastructure provider.
How Cover and Claims Work
Firelight covers events such as smart contract exploits, oracle failures, governance exploits, bad debt, depegs and redemption failures. Each event must be reviewed before any payout is made.
A five-firm Risk Consortium made up of Hypernative, Native, Credora, Cyfrin and GFX Labs validates each claim. Security partner ZeroShadow publishes an exploit report first.
When a claim is confirmed, losses are first paid from a protocol-owned stablecoin reserve called the First-Loss Buffer. Any remaining loss is spread across stakers based on the size of their positions.
The wallet Firelight lists as its buffer held about 1,000,002.59 USDT0 on Oct. 14, according to CryptoSlate. Rewards that have compounded into a staker’s position face the same loss risk as the original deposit.
Longer Wait to Withdraw
Under Firelight’s current rules, exits take 30 to 60 days. New vault rewards stop as soon as a holder requests to unstake.
The funds keep backing cover for the rest of the current 30-day period. During the next period, claims tied to the earlier backing time can still reduce what the holder gets back.
Firelight’s launch post said stakers keep earning until they fully exit. Its more detailed withdrawal rules and vault code end new rewards when the unstake request is made.
The first three cover orders settled on Oct. 6. They allocated a combined $38 million in cover and charged about $56,913.70 in premiums.
Two of those orders were for Sentora’s vaults, with $2.5 million for the USD Protected Vault and $5 million for the RWA Vault. Premiums paid in stablecoins are converted to FXRP and added to stakers’ positions.
Records show 9,245.46 FXRP sent to the vault from premium sales on Oct. 6, 8 and 12. Another 14,045.40 FXRP was recorded as incentive transfers on those dates.
Separately, Firelight set aside a fixed 230,000 FXRP for early contributors, shared based on Firelight Points. This is a one-time budget, not a recurring source of income.
Firelight is incubated by Sentora and maintained by Sentinel Labs. It raised $8 million in seed funding led by Gumi Cryptos Capital, and its contracts were audited by OpenZeppelin, Coinspect and 0xMacro.
DefiLlama showed about $69.7 million in total value locked in Firelight as of Oct. 14. A blockchain explorer recorded about 51.13 million FXRP in the vault, including assets waiting to be withdrawn.
On the same day, XRP fell to an intraday low of $1.32 after inflation data came in above expectations. A lower XRP price reduces the dollar value of the capital backing Firelight’s cover.
France’s finance committee approved a plan on October 7 to tax gains from certain crypto-to-stablecoin swaps starting January 1, 2027.
The rule applies only to electronic money tokens under the EU’s MiCA regulation, not all stablecoins.
Gains would face France’s 31.4% flat tax, made up of 12.8% income tax and 18.6% social contributions.
Lawmakers are also reviewing an exit tax for crypto holders, a ten-year loss carryforward, and self-custody wallet reporting rules.
The measure is not final and still needs to pass Parliament.
France is moving forward with a proposal that would tax gains from some crypto-to-stablecoin swaps. The change would start on January 1, 2027, if Parliament approves it.
The National Assembly’s finance committee approved the measure on October 7. It is part of France’s 2027 budget proposal, which still needs a full vote.
Today, French investors pay tax when they sell crypto for regular money, such as euros. They also pay tax when they use crypto to buy goods or services.
However, swaps between digital assets are usually not taxed right away. The tax is deferred until the investor cashes out.
🇫🇷 France is considering a new 31.4% tax on crypto-to-stablecoin swaps – even if the crypto is never converted to fiat money.
The proposals also include an "exit tax" on unrealised crypto gains for residents moving abroad with large crypto holdings. pic.twitter.com/Wy35V2koeM
— Europa.com (@europa) October 14, 2026
What the Stablecoin Tax Proposal Would Change
The proposal is called Amendment I-CF1826. It was introduced by lawmaker Nicolas Sansu and others, and it would change Article 150 VH bis of the French tax code.
The amendment targets swaps where investors receive electronic money tokens under the European Union’s Markets in Crypto-Assets (MiCA) rules. These tokens are designed to hold a steady value against one official currency.
Not every stablecoin would be covered. The rule applies only to electronic money tokens as defined by MiCA, and other crypto assets are not affected.
The reasoning behind the change is that the current system lets investors move crypto profits into tokens that work like cash without paying tax. The proposal would treat these swaps the same way as sales for fiat money.
How the 31.4% Crypto Tax Would Work
French tax authorities apply a flat tax rate of 31.4% to private gains on digital assets. This includes 12.8% income tax and 18.6% social security contributions.
Some investors can choose to be taxed under the progressive income tax scale instead. The flat rate is the default.
The tax would apply only to gains, not to the full value of each swap. Gains would be calculated after subtracting purchase costs and eligible fees.
For crypto bought at different prices, the proposal would use an average cost method. Investors holding assets before 2027 could use their recorded purchase cost or spread the cost of their whole portfolio as of December 31, 2026.
Lawmakers are reviewing other crypto tax changes too. One committee-approved amendment would extend France’s exit tax to some crypto holders who leave the country.
That rule would cover people who lived in France for at least six of the last ten years and hold portfolios worth more than €800,000. It would also start on January 1, 2027.
Another adopted proposal would let investors use crypto losses to offset digital asset gains for up to ten years. Currently, losses can usually only offset gains made in the same tax year.
A separate amendment would require investors to report self-custody wallets holding at least €100,000 at year-end. Violations could bring penalties of up to €10,000, but this proposal is still pending and has not received committee approval.
Committee approval is not final adoption. The 2027 budget, including the stablecoin tax measure, still has to be debated in Parliament before any of these changes become law.
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.
In a recent X post, Japanese crypto exchange Rakuten Wallet announced an upcoming SHIB coin giveaway, allowing holders to receive physical SHIB-themed coins at its investment seminar in Japan this November.
In a social media announcement addressed to SHIB holders, Rakuten said its Senior Analyst, Matsuda, would return in November to speak at a seminar hosted by Rakuten Securities. The event follows a similar appearance in October.
The seminar is scheduled for November 3, a public holiday in Japan, and Rakuten Wallet plans to operate a booth where attendees can participate in the SHIB giveaway.
— 楽天ウォレット (@Rakuten_Wallet) October 15, 2026
According to the announcement, the requirement is straightforward: participants must show Rakuten Wallet staff a screen displaying their SHIB holdings in the Rakuten Wallet application. The exchange said it would distribute the giveaway items to everyone who meets the requirement, without exceptions.
The "real SHIB coins" represent a physical metal souvenir coin previously launched earlier this year. In July 2026, Rakuten Wallet announced the creation of the first physical Shiba Inu (SHIB) coin of its kind, being the first to use sandblasting technology, known as a blast finish. The physical SHIB coin has no technical connection to the blockchain.
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As reported, Rakuten Wallet distributed 'Shib coins' at its Fukuoka event and said at the time that it would repeat the same at its seminars in Sapporo and Osaka this October.
Crypto exchange Rakuten Wallet continues to demonstrate support for Shiba Inu after adding the meme coin to its lineup in April.
SHIB price At the time of writing, SHIB was down 3.78% in the last 24 hours to $0.00000494 as the broader crypto market saw significant selling pressure, as Wednesday's inflation data revived concerns that the Federal Reserve could raise interest rates this month.
Data released Wednesday showed consumer prices rose 3.7% in the 12 months through September, up from 3.4% in August and above economists' expectations. Core CPI, which excludes food and energy, climbed 2.6%, accelerating from 2.4% the previous month.
Losses worsened early Thursday, with $972.26 million in futures positions liquidated over the past 24 hours, according to CoinGlass data, while Shiba Inu entered its fourth day of decline from October 12 to hit an intraday low of $0.000004811 at press time.
US stocks suffered their sharpest selloff since July on Wednesday as hotter-than-expected inflation data weighed on technology and AI infrastructure companies, with Bitcoin miners among those hit.
The S&P 500 fell 1.1%, its biggest one-day decline since July 29; the Nasdaq Composite fell 1.9%, its biggest one-day drop since July 23, while the Dow Jones Industrial Average fell 0.1% over the day.
Leading decliners among major tech companies included data center operator CoreWeave, which fell 16%, AI infrastructure provider Nebius, which fell 11%, and Oracle, which fell 9%.
Of the 23 AI infrastructure stocks tracked by PRISM’s AI Data Center and Infrastructure Index, 21 declined Wednesday, with an average loss of 7.46%.
The single-day dip extended to Bitcoin miners, several of which have also expanded into AI infrastructure. TeraWulf fell 12.64% over the day, while Core Scientific, Cipher Mining and IREN fell 12.44%, 12.35% and 12.2%, respectively. Riot Platforms, Bitdeer Technologies, MARA and CleanSpark also fell.
Higher interest rates could increase borrowing costs for AI infrastructure companies, many of which rely heavily on debt to finance data center expansion.
Hotter inflation triggers tech, crypto selloff US consumer prices rose 3.7% in September from a year earlier, exceeding economists’ expectations of 3.6% and well above the Fed’s 2% target, with higher gasoline prices from the Middle East war to blame.
The inflation report also led to increased expectations of an October Federal Reserve interest-rate hike. The implied probability briefly exceeded 50% on Wednesday before retreating.
However, San Francisco Federal Reserve President Mary Daly told Reuters that while further rate hikes were likely needed to bring inflation under control, there was no urgency to act this month.
“I don’t feel urgent that we have to decide with a limited set of information. I think we have the time that we need,” Daly said.
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.
TeraWulf shares fell approximately 12.64%, while Core Scientific dropped 12.44%, Cipher Mining 12.35%, and IREN 12.2%.
Higher-than-expected US inflation triggered a sell-off in technology and AI stocks. Companies that shifted from Bitcoin mining to data centers also couldn’t escape the decline.
The widespread sell-off in US stock markets has hit companies operating in Bitcoin mining and artificial intelligence infrastructure hard. Shares of TeraWulf, Core Scientific, Cipher Mining, and IREN all lost more than 12% of their value in a single trading day.
TeraWulf shares fell approximately 12.64%, while Core Scientific dropped 12.44%, Cipher Mining 12.35%, and IREN 12.2%. This shows that the share performance of mining companies is becoming increasingly dependent not only on the price of Bitcoin, but also on risk appetite and interest rate expectations in the technology sector.
At the heart of the sell-off are the higher-than-expected US inflation figures. Concerns that persistent inflation could push the Federal Reserve to keep interest rates high for longer or consider another rate hike have accelerated the exit from companies priced with high growth expectations.
The S&P 500 fell 1.1%, its sharpest daily loss since July 29. The technology-heavy Nasdaq Composite declined 1.9%. AI data center operator CoreWeave dropped 16%, Nebius 11%, and Oracle 9%.
Many Bitcoin mining companies have recently begun leasing their energy infrastructure to AI and high-performance computing clients. While this transformation creates new revenue streams, it also makes companies more vulnerable to valuation fluctuations in the technology and AI sectors.
Daily declines alone do not determine the long-term performance of companies. However, investors are now paying more attention not only to large AI contracts but also to the financing costs, delivery schedules, and profitability of these projects.
*This is not investment advice.
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The S&P 500 fell 1.1% and the Nasdaq dropped 1.9% on Wednesday, their worst daily losses since July.
TeraWulf, Core Scientific, Cipher Mining and IREN each fell more than 12%.
US consumer prices rose 3.7% in September, above the 3.6% economists expected.
The odds of an October Fed rate hike briefly topped 50% after the inflation report.
San Francisco Fed President Mary Daly said more hikes are likely needed, but there is no urgency to act this month.
US stocks had their worst day since July on Wednesday after a hotter-than-expected inflation report. Technology and AI infrastructure companies took the biggest hits, and Bitcoin miners were among those hit hardest.
The S&P 500 fell 1.1%, its largest one-day drop since July 29. The Nasdaq Composite fell 1.9%, its biggest daily decline since July 23.
The Dow Jones Industrial Average held up better. It slipped just 0.1% by the end of the day.
AI Infrastructure Stocks Lead the Decline
Data center operator CoreWeave was one of the worst performers among major tech names, falling 16%. AI infrastructure provider Nebius dropped 11%, while Oracle lost 9%.
The selling was broad across the sector. Of the 23 stocks tracked by PRISM’s AI Data Center and Infrastructure Index, 21 fell on Wednesday.
The average loss across the index was 7.46%.
Many AI infrastructure companies rely heavily on debt to build new data centers. Higher interest rates could raise their borrowing costs.
Bitcoin Miners Fall More Than 12%
The losses spread to Bitcoin miners. Several of these companies have also expanded into AI infrastructure.
TeraWulf led the decline among miners, falling 12.64%. Core Scientific dropped 12.44%, Cipher Mining fell 12.35% and IREN lost 12.2%.
Other miners also ended the day lower. Riot Platforms, Bitdeer Technologies, MARA and CleanSpark all posted losses.
Bitcoin itself came under pressure as well. The price dipped below $82,000 as high oil prices pushed inflation higher.
US consumer prices rose 3.7% in September compared with a year earlier. Economists had expected a 3.6% increase.
The figure is well above the Federal Reserve’s 2% target. Higher gasoline prices linked to the war in the Middle East were the main cause.
The report raised expectations that the Fed could raise interest rates in October. The implied probability of a hike briefly passed 50% on Wednesday before falling back.
San Francisco Federal Reserve President Mary Daly offered a more patient view. She told Reuters that further rate hikes are likely needed to bring inflation under control, but there is no urgency to act this month.
“I don’t feel urgent that we have to decide with a limited set of information. I think we have the time that we need,” Daly said.
Circle’s USDC faces enhanced reserve requirements and independent audits every six months under MiCA’s significant-token framework. USDC and EURC share a European issuer but now have different regulatory classifications. Existing redemption rights remain intact, although Circle’s procedures allow temporary adjustments during cross-border liquidity stress. Circle’s USDC has become the first stablecoin to receive the European Union’s significant e-money token designation, placing the company’s cross-border issuance structure under a new level of regulatory scrutiny.
The European Banking Authority (EBA) announced the decision on October 14, selecting USDC from 45 e-money tokens notified under the Markets in Crypto-Assets Regulation (MiCA).
Starting November 12, supervision of USDC’s financial safeguards will be shared between the EBA and France’s banking regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
The designation is not a new authorization to issue or distribute USDC. Circle already operates through a licensed European entity. The change introduces additional prudential requirements and places responsibility for supervising them at the EU level.
Circle Enters a Two-Regulator Supervisory Framework Circle Internet Financial Europe SAS has operated under French electronic money authorization since 2024, enabling it to issue USDC and the euro-denominated EURC within the European Economic Area.
USDC’s new classification changes how the French entity’s activities relating to that token are supervised.
MiCA · SIGNIFICANT E-MONEY TOKEN
Who Supervises USDC? Authority Supervisory responsibilities EBA
European Union Own funds, reserve assets, liquidity requirements, recovery plans and redemption plans. ACPR
France Governance, qualifying holdings, management suitability, outsourcing and conflicts of interest. Effective November 12, 2026. Source:
European Banking Authority. The arrangement follows Article 117 of MiCA, which assigns specific responsibilities for significant e-money tokens to the EBA while preserving national supervision of other institutional matters.
Circle must also comply with additional requirements under Article 58.
One notable obligation is an independent audit of reserve assets every six months, mandated from the significance classification decision.
Circle already publishes monthly reserve attestations, but those disclosures should not be confused with the independent audits required by MiCA. The regulatory audit examines compliance with applicable reserve requirements rather than merely confirming reported balances.
The framework also imposes enhanced standards for reserve management, custody, liquidity and financial resources.
For Circle, the immediate consequence is a more demanding compliance structure, not a change to USDC’s dollar peg.
Why USDC Qualifies While EURC Does Not The distinction between Circle’s two European stablecoins provides an important insight into how MiCA works.
USDC and EURC are issued by the same French entity, yet only USDC has received the significant designation.
Under Article 56, an e-money token qualifies as significant when it meets at least three of seven regulatory criteria.
The assessment considers factors such as the number of holders, market capitalization, transaction activity, international reach and connections to the wider financial system.
For example, the underlying criteria include a market capitalization or reserve threshold exceeding €5 billion and more than 10 million holders. Meeting one threshold alone is insufficient.
The EBA has confirmed USDC’s classification but has not publicly identified the precise combination of criteria behind its decision.
EURC’s different status illustrates that significance is assessed at the token level, rather than automatically extending to every product issued by the same institution.
That distinction could become relevant for other companies operating multiple stablecoins under a single European license.
It also means that the absence of a significant designation should not be interpreted as regulatory noncompliance. Both significant and non-significant e-money tokens remain subject to MiCA’s underlying requirements.
One Stablecoin, Two Legal Issuers USDC’s international structure presents a more complicated supervisory question.
Within the EEA, the token is issued by Circle Internet Financial Europe SAS. Outside the region, Circle Internet Financial, LLC serves as the US issuer.
According to Circle’s European USDC white paper, tokens issued by the two entities are fully fungible, while reserve arrangements are maintained separately for EEA and non-EEA holders.
This allows USDC to circulate as a single digital asset even though different legal entities are responsible for its issuance and redemption.
It also creates a dependency between jurisdictions.
During periods of elevated redemption demand, Circle may need to rebalance reserves between its European and American entities. Difficulties completing those transfers could affect how quickly redemption requests are processed.
Circle’s published redemption policy explicitly addresses this possibility through provisions for cross-border liquidity stress.
The EBA has already established a channel for regulatory coordination. In June, it signed a memorandum of understanding with the New York State Department of Financial Services.
The agreement covers information exchange, supervisory cooperation and coordination during emergencies involving international stablecoin activities.
It does not give European regulators direct authority over Circle’s American issuer.
Instead, it provides a mechanism for supervisors in different jurisdictions to exchange information about activities connected to the same stablecoin.
What Changes for Exchanges and USDC Holders? USDC’s new classification primarily affects Circle’s regulatory obligations rather than how the stablecoin can be used. The immediate implications differ across market participants:
Crypto exchanges: No new listing restrictions or mandatory trading changes arise directly from the designation. Compliance documentation should reflect USDC’s updated regulatory status. DeFi protocols: Existing smart contracts do not require automatic modifications, although exposure to Circle’s reserve and redemption arrangements remains relevant. USDC holders: Redemption rights under MiCA remain unchanged, including the right to redeem at par value. The practical details of redemption are outlined in Circle’s September 2026 policy. Eligible retail holders in the European Economic Area can submit requests directly to Circle France after completing identity verification and transaction checks. They must also provide an EEA bank account capable of receiving U.S. dollars.
Circle normally processes eligible retail redemptions within five business days after the required checks. However, its policy permits temporary processing adjustments during defined liquidity stress events, including deferrals and restrictions affecting certain crypto-asset service providers.
The additional oversight does not turn USDC into an insured deposit. Circle’s white paper confirms that holders are not protected by EU deposit guarantee or investor compensation schemes.
The Next Test Is Supervisory Coordination The classification also creates a practical documentation issue.
Circle’s USDC white paper, last amended on September 15, still describes the token as non-significant, reflecting its status before the EBA’s decision.
Compliance teams reviewing the issuer’s disclosures therefore need to distinguish the document’s publication date from USDC’s updated regulatory classification.
The EBA’s supervisory transition will bring the reserve, liquidity and recovery arrangements of a globally circulating stablecoin under direct European scrutiny.
The authority will reassess significant-token classifications annually, while its cooperation agreement with New York regulators provides a channel for addressing international supervisory concerns.
USDC’s designation establishes the first live application of this model to a significant e-money token. Its effectiveness will depend on how well the authorities coordinate oversight of an asset that circulates globally but is backed and redeemed through separate legal entities.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
Sectora Foundation today announced that four of its products have completed interface development and entered final testing on testnet ahead of launch.
The company’s #SECT token, which serves as the token of its cybersecurity network for crypto infrastructure and tokenized assets, is available on Uniswap (SECT/USDT pair on Ethereum).
The token has a total supply of 50 million and a market capitalization of approximately $5 million. Liquidity is locked through Team Finance, the token is listed on CoinGecko, and its launch was previously announced on AP News and Benzinga.
Product Development StatusFour Sectora products have finished interfaces and are in final testing on testnet: the Sectora L3 network with its SectoraScan explorer, the Sectora DEX, the hash market, and Sectora Shield.
The team is conducting 15 tests of the network and its validators; the fourth test has been completed successfully. The SectoraScan explorer is available to the public at sectoraorg.com/sectorascan.
Security InfrastructureSectora develops security solutions for crypto networks and tokenized assets. Its Sectora Shield is a post-quantum security engine built on the NIST FIPS 203, 204, and 205 standards.
Additional solutions include smart contract audits, custody controls, continuous on-chain monitoring, and an asset tokenization platform.
Token Supply and Contract Details #SECT has a total supply of 50 million tokens. A one-time burn of 50% of the supply is scheduled for March 15, 2027, which will reduce the supply to 25 million tokens. After the burn, the supply cannot increase. The smart contract is renounced, contains no mint function, charges 0% transaction fees, and has been audited by Cyberscope. In addition, 80% of every hash power purchase on the upcoming hash market will be used to buy back and burn #SECT tokens on the open market. Holder Rewards ProgramHolder rewards are the first Sectora product running on Ethereum mainnet. Holders can deposit #SECT at sectoraorg.com/staking and earn 14.9% APY.
Rewards accrue every second, with no lock-up period and no withdrawal penalty. Rewards are paid from a pool of 1,490,000 #SECT that the foundation funded prior to the first deposit. The staking contract code is verified on Etherscan.
Market contextAt about $5 million, #SECT’s market capitalization is a small fraction of those of established networks such as XRP (over $85 billion) and Solana (over $62 billion). Sectora’s whitepaper illustrates that if #SECT reached 1% of those valuations, its price would be $17.14 and $12.53, respectively.
This is an illustrative scenario, not a price forecast or financial advice.
The founders stated that #SECT is not a pump-and-dump token, but one designed for long-term holding. “Sectora is a long-term project, with a fixed supply, a renounced contract, locked liquidity and a public audit,” they said. “We want our community to grow alongside the project, steadily and progressively.”
Official Links Website: https://sectoraorg.com Whitepaper: https://sectoraorg.com/docs Company registration (Illinois, file no. 18523639): https://sectoraorg.com/docs#s02 Uniswap: https://app.uniswap.org/swap?inputCurrency=0xdAC17F958D2ee523a2206206994597C13D831ec7&outputCurrency=0x8C9984B06281f1CA9416e493c2E602AaB08513db&chain=ethereum CoinGecko: https://www.coingecko.com/en/coins/sectora Audit: https://www.cyberscope.io/audits/sect Holder rewards (staking): https://sectoraorg.com/staking About Sectora FoundationSectora Foundation is a company registered in Illinois, United States, that develops security infrastructure for crypto networks and tokenized real-world assets, including smart contract audits, institutional custody controls, continuous on-chain monitoring, and post-quantum cryptography. #SECT is the token of its network.
Disclaimer
This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
USDC’s new EU classification will transfer supervision of its reserves, liquidity and capital to the European Banking Authority on November 12, alongside continuing French oversight.
The EBA announced on October 14 that USDC, issued by Circle Internet Financial Europe SAS, had become the EU’s first significant e-money token under the Markets in Crypto-Assets Regulation, or MiCA. E-money tokens reference a single official currency—in USDC’s case, the dollar.
Circle France already holds an electronic money institution licence. Significant status adds requirements to that existing framework.
Who oversees what from November 12
EBA: Regulatory capital, reserve assets, liquidity requirements, and recovery and redemption plans.
France’s ACPR: Governance, management suitability, ownership assessments, outsourcing and conflicts of interest.
Reserves back the tokens, liquidity supports timely payments, and the issuer’s own capital provides a separate financial buffer. Recovery and redemption plans set out how the issuer should respond when normal operations come under strain.
The EBA’s significance framework examines scale, activity, international reach and financial-system connections. A widely used token can transmit problems to trading platforms, payment providers and banks. The classification determines how intensively its issuer is supervised; it does not award a consumer safety rating.
Can reserves reach the holders requesting dollars?
A rush of redemption requests tests more than the value of the assets backing a stablecoin. The issuer also needs cash available where payments are due. That may require selling securities, moving money between banks or transferring reserves across jurisdictions.
Circle’s USDC white paper describes this cross-border dependency. USDC remains interchangeable globally, while Circle France’s minimum reserve requirement tracks holdings in the European Economic Area. The French and US issuers rebalance their reserves when necessary.
If holdings and redemption requests shift toward the EEA, Circle France may need reserves transferred from the US entity. The white paper identifies the risk that those transfers cannot be completed quickly enough to cover requests.
What Circle’s stress provisions allow
During reserve-rebalancing difficulties, Circle may defer certain redemptions beyond ordinary processing times and temporarily limit requests from authorised crypto-asset service providers. These are contingency provisions; they do not establish that such a disruption is occurring.
How EEA holders redeem USDC
Circle’s existing redemption policy recognises redemption at par value: one USDC for one US dollar, subject to its procedures. EEA holders redeem through Circle France, while holders outside the EEA use the applicable US agreement.
Retail holders requesting payment directly from Circle France follow these steps:
Complete eligibility and identity checks. Circle also applies sanctions requirements.
Provide an EEA bank account that accepts dollars. Receiving-bank or currency-conversion charges may apply.
Send USDC to the address Circle provides. Circle checks the received tokens and their transaction history before paying the holder’s bank account.
The policy says the process from receipt of the tokens through verification and payment should take no more than five business days unless discrepancies arise.
An exchange conversion does not pay out dollars
A user converting USDT to USDC through OKX Europe receives another token balance. Obtaining dollars requires a further exchange sale and withdrawal, or redemption through the issuer.
If a platform suspends withdrawals, Circle’s reserves do not restore access to the balance held there. The holder must first regain access to the tokens before transferring them elsewhere or submitting them for direct redemption.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets.
His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream.
He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets.
Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines.
During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
Ark Invest co-founder Cathie Wood said Wednesday that tokenization could fundamentally change how investors take part in private and public financial markets.
Wood Highlights Ark’s ConvictionIn an X post, Wood highlighted the recent tokenization of ARK Venture Fund (ARKVX), an actively managed closed-end interval fund that invests across private and public companies tied to disruptive innovation, through Securitize Corp. (NYSE: SECZ).
“Tokenizing the ARK Venture Fund puts our conviction in the evolution, if not revolution, of capital markets into practice,” the veteran investor said.
Wood noted that tokenization “has the potential” to reshape how investors “access and participate” in private and public markets.
She added that the initiative is a “natural extension” of Ark’s core mission to “democratize” access to technological innovation.
Read Next
More About Tokenized ARKVXThe fund’s portfolio includes exposure to some of the biggest names in private technology, including OpenAI, Anthropic and Kalshi, though its biggest holding is Space Exploration Technologies Corp. (NASDAQ:SPCX).
Earn 8% APY on a Real Estate-Backed Note from $5,000
EquityMultiple's Alpine Notes have distributed $478M+ with no missed payments. Accredited investors can start with $5,000 at a fixed 8% APY for 6 months.
Through Securitize, eligible investors will gain exposure to the ARKVX portfolio using blockchain infrastructure.
Tokenization has emerged as one of the dominant financial narratives in recent years, with the total market value nearing $349 billion, according to Token Terminal. Stablecoins, including Tether (CRYPTO: USDT) and USDC (CRYPTO: USDC), account for more than 88% of the value.
Price Action: Securitize shares fell 2.56% in after-hours trading. The stock closed 5.72% lower at $10.55, according to Benzinga Pro.
SECZ maintains a stronger price trend over the short, medium, and long terms, according to Benzinga’s Edge Stock Rankings
XRP Whale Deposits 1.669 Billion XRP Into Binance Over Past 30 Days, Hitting a 7-Month High.
According to Cryptoquant data, the cumulative inflow of XRP whales into Binance over the past 30 days has climbed to 1.669 billion tokens, marking a 7-month high and surpassing the roughly 1.65 billion figure recorded in September. This signals a renewed uptick in large holders’ activity of transferring XRP to crypto trading platforms. Increased inflows from whales could boost XRP’s tradable supply on these platforms; if large holders opt to sell, it may intensify market selling pressure. That said, capital inflow does not automatically point to an imminent sell-off—it may also stem from wallet rebalancing or utilization of other Binance trading services. This metric alone is insufficient to determine XRP’s future price trajectory; further analysis combining net flow, trading volume, and price movements is required.
7 minutes ago
Bitcoin falls below $81,000, driven by higher-than-expected inflation and intensified selling of AI stocks.
According to HTX market data, Bitcoin briefly rallied to nearly $84,000 on Wednesday before a sustained pullback, falling to around $80,400 by early Thursday, marking a 2.6% 24-hour drop and approaching last Thursday’s low of roughly $80,430. The U.S. September core inflation rate rose to 2.6%, exceeding the market expectation of 2.5%, further stoking Federal Reserve interest rate hike bets. Meanwhile, selling pressure on AI stocks intensified, with Nasdaq 100 Index futures down 1.2%. Data disclosed by Anthropic to potential investors shows its third-quarter revenue grew by $16.8 billion, a figure reflecting a slowdown in growth momentum. The crypto market weakened in tandem: ZEC dropped 11% to around $1,100, while ETH fell 5% to roughly $2,370. U.S. spot Bitcoin ETFs recorded a net outflow of approximately $261 million on Wednesday. Analysts noted that if Bitcoin closes below $80,400 on a daily basis, it will lose the key level that buyers have defended twice since last Thursday.
7 minutes ago
OpenAI has launched anti-espionage training, using honey traps as a case study, and bans employees from wearing clothing bearing the company’s logo outside the workplace.
Beating AI News Flash: OpenAI has included "honey traps" in its internal security training to prevent employees from leaking trade secrets. The Wall Street Journal reported that the company once shared a spy story with staff: a foreign intelligence agency tried to seduce a U.S. diplomat stationed in Russia. It first sent a blonde woman with champagne to knock on the diplomat’s hotel door, which was rejected; then switched to a red-haired woman, and finally even dispatched a young man. OpenAI used this case to remind employees that spies may exploit romantic and intimate relationships to approach targets and gather confidential information. The company also teaches staff to watch out for casual small talk in daily life. Another training example involves a stranger who often appeared at a San Francisco playground with a child, gradually built a rapport with an OpenAI employee, and then probed for work-related details during chats. The company even requires employees to avoid wearing clothes with the OpenAI logo in public, apply privacy screens to their laptops on the subway, and wipe whiteboards clean after meetings to prevent cleaning staff from accessing sensitive information. These trainings were rolled out long before the wiretapping case was exposed this week. On October 13, the U.S. Department of Justice disclosed that an OpenAI engineer was arrested by the FBI on suspicion of installing recording devices in an executive meeting room. Anthropic and Google also conduct similar anti-spy training.
7 minutes ago
Anthropic adds runtime tracing to Claude API: Users can now track where agents get stuck and where tokens are consumed.
Beating AI Express News: Anthropic has launched the public beta of OpenTelemetry tracing for its Claude Platform. Agents can now chain model calls, data searches, and tool executions, allowing developers to track runtime logs to view each call’s duration, error points, and token usage. This eliminates the need to piece together execution flows from disparate service logs, making it easier to identify bottlenecks that slow down tasks or drive up costs.
The most notable update is native API support. While Claude Code and Cowork already had similar monitoring capabilities, the Messages API and cloud-hosted Agents can now directly send runtime logs to platforms including Grafana, Datadog, and Langfuse. Administrators only need to configure the receiving endpoint in the Claude Console, without modifying individual existing API calls.
However, tools run by developers themselves still require supplementary tracing records via SDKs or other methods. By default, the system only exports metadata such as duration, status, and token usage. Enabling the Full content feature also logs prompts, model responses, and tool inputs/outputs for error review, but this data is sent to external monitoring platforms, requiring enterprises to separately manage access permissions for sensitive data.
7 minutes ago
PaperTrade's product launch progress is hindered by X platform's restrictions on website link sharing.
PaperTrade co-founder jez stated in a post that the X platform has restricted links to the PaperTrade website, slowing down the team’s planned product launch. The issue has persisted for three days; the team added that they have applied for services including X Gold, but the problem remains unresolved, and they are seeking external assistance.
7 minutes ago
OKX will launch the DNAUSDT perpetual contract on October 16.
OKX announced that it will officially launch the DNAUSDT perpetual contract on October 16 at 20:00 (UTC+8) across its web platform, mobile app, and API. DNA, whose full name is Neosoul, is a project focused on agent trading, dedicated to building infrastructure for the "agent economy". The exchange noted that token and product availability may vary by region, with details subject to platform display.
A legal dispute in the UK questions the legality of certain crypto derivatives operations. A British engineer claims 324.8 bitcoins, valued at approximately 26.5 million dollars as of October 14, 2026, after more than a thousand losing trades. He believes the platform did not have the necessary authorization to offer these financial products to British clients. This case could also involve other traders who carried out similar operations between 2018 and 2022 on the BitMEX platform.
In brief A British trader claims 324.8 BTC, approximately 26.5 million dollars, from BitMEX. His lawsuit concerns 1,053 losing trades made between 2018 and 2022. He accuses the platform of offering crypto derivatives without regulatory authorization in the UK. BitMEX contests the meaning of the complaint, while the outcome could interest other British traders. A British trader claims 324.8 BTC after four years of losses Lewis Barber, a computer engineer from Chelford, Cheshire, reportedly initiated a proceeding before the High Court of London. He targets HDR Global Trading Limited, the Seychelles-registered company owning BitMEX. According to information reported by The Guardian and The Mirror, he contests the legality of his derivatives operations carried out between 2018 and 2022.
During this period, the trader reportedly used five accounts to carry out approximately 2,294 transactions. However, his refund claim concerns only 1,053 trades that resulted in losses. All were on perpetual swaps, contracts that allow speculation on cryptocurrency prices with no fixed expiration. These instruments hold an important place in the crypto derivatives market.
The claimed amount reaches 324.8 BTC, approximately 26.5 million dollars according to the valuation indicated on October 14, 2026. Lewis Barber demands either the recovery of his original bitcoins or equivalent damages. His action therefore does not simply aim to contest the outcome of his investments. It seeks to establish whether the platform could legally offer these financial products to him in the UK.
BitMEX facing British financial rules and the FCA warning At the heart of the case is the UK Financial Services and Markets Act 2000, known as FSMA. Lewis Barber argues that the platform was conducting regulated financial activities without the necessary authorization from the Financial Conduct Authority (FCA). According to his argument, this lack of authorization could render the disputed contracts unenforceable against him.
His lawyers also advance several grounds, including deceit, negligent misstatements, and mistake. They assert that the company presented itself as legally authorized to offer these operations. To support this view, they recall that the FCA had issued a warning on March 3, 2020. The UK regulator then indicated that the platform operated without authorization and targeted consumers in the country.
The complaint also references international advertising campaigns, including an announcement published in The Times newspaper in January 2019. In December 2025, representatives of Lewis Barber from the firm Seladore Legal had already requested the annulment of the concerned transactions. Gareth Keillor, partner at the firm, also noted that other British traders may have entered into similar contracts. However, their ability to obtain redress will depend on their situation and the circumstances of each case.
A contested procedure and possible consequences for traders Despite the filing of the complaint, a procedural point remains important: the procedure had not yet been officially served to the targeted company. A BitMEX spokesperson told Daniel Boffey, editor-in-chief of the Guardian, that HDR Global Trading Limited had not yet received any complaint of this nature. However, this statement does not address the substance of the legal dispute.
The case comes after the closure of BitMEX trading activities, announced for September 23, 2026, as part of a strategic review and an orderly liquidation. Withdrawals remained possible nonetheless. Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, the company helped popularize perpetual swaps before facing regulatory difficulties in the United States.
At this stage, Lewis Barber’s accusations remain unexamined, and the court has not announced a hearing date. The High Court’s decision could clarify the consequences of the lack of regulatory authorization on certain financial contracts offered to British clients.
If the court supports the interpretation defended by the plaintiff, other traders might consider similar actions. Otherwise, their possibilities for recourse will depend notably on the legal grounds retained and the facts specific to each situation.
The dispute between Lewis Barber and BitMEX thus raises a central question for the UK cryptocurrency market: can losses from old trades lead to restitution when the legality of contracts is challenged? The answer will depend on the judicial examination, which will have to determine the scope of applicable financial rules and any platform liabilities.
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Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
According to monitoring by Onchain Lens, BitMEX co-founder Arthur Hayes purchased approximately $888,000 worth of crypto assets through FalconX and Flowdesk, including 546,600 AERO tokens valued at around $459,800, 120,000 PENDLE tokens worth roughly $231,600, and 3 million ZAMA tokens valued at approximately $196,700.
Some of the worst-hit alts today are PUMP, CC, ENA, LIT, and ZEC.
Bitcoin’s latest rejection at $84,000 resulted in another major leg down on Thursday morning, with the asset plummeting to a fresh monthly low of $80,200.
This substantial correction didn’t spare the altcoins as well, with many plummeting by over 5% from top to bottom. The total crypto market cap dumped by over $100 billion at one point.
BTC Crashed Toward $80K It was precisely a week ago — last Thursday — when the primary cryptocurrency was sliding hard and slumped to a then-multi-week low of $80,400. The bulls finally intervened after this major $6,500 decline in just days and helped the asset recover some ground to $83,000 over the weekend.
They even pushed it to $84,000 at the start of the business week, but that was short-lived, and BTC tumbled below $81,000 on Tuesday morning as South Korea’s KOSPI plummeted. Nevertheless, bitcoin rebounded again and went into the Wednesday CPI announcement trading close to $84,000.
As inflation in September turned out to be slightly higher than expected, the cryptocurrency slipped again toward $82,000. It remained there for a while, but the growing tension in the Asian markets pushed it further south, and it bottomed, at least for now, at $80,200 earlier today.
Although it has recovered around a grand since then, it’s still 2.4% down on a 24-hour scale. Its market cap has slumped to $1.630 trillion on CMC, while its dominance over the alts has climbed above 60%.
BTCUSD October 15. Source: TradingView All Aboard the Red Train ETH led in terms of daily liquidations as it plunged the hardest from the top alts, going to a two-month low of $2,315 before it rebounded slightly to $2,370. Yet, it’s still 5% down on the day. XRP, SOL, BNB, and ADA are also down by 2%-4%, while DOGE and LINK have plummeted by 5% and 6%, respectively.
ZEC has nosedived by 10.5% as of press time, dropping to $1,100. NEAR (-7.5%), RAIN (-11.5%), BTW (-18.5%), TAO (-6%), and QNT (-6%) are also well in the red. PUMP, CC, RAY, ENA, LIT, and STX have all marked double-digit losses. In contrast, STRK has pumped by 10% to $0.087.
Overall, though, the crypto market cap has shed around $100 billion as of now daily and it’s down to $2.710 trillion on CMC.
Cryptocurrency Market Overview October 15. Source: QuantifyCrypto Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Jim Cramer says investors are punishing bank stocks even when earnings beat estimates. Morgan Stanley (MS) fell nearly 3% on Wednesday after its revenue grew 12% and topped forecasts.
Cramer attributes the sell-off to worries about sticky inflation and climbing rates, not weak results. Goldman Sachs also beat estimates, yet it lost another 1.5% on Wednesday, CNBC reported.
Why Did a 12% Revenue Beat Fail to Lift Morgan Stanley?Morgan Stanley’s third-quarter revenue rose to $20.3 billion from $18.2 billion a year earlier, according to its filing.
Morgan Stanley’s stocks failed to climb. Source: Trading ViewInstitutional Securities, the unit combining investment banking with sales and trading, grew 18% to $10 billion.
Cramer noted that fixed income fell short of expectations, and the filing shows a 7% decline.
In contrast, wealth management revenue rose 10%, and client assets across wealth and investment management reached a record $10.5 trillion.
Still, Chief Executive Ted Pick told CNBC he is cautiously optimistic about the fourth quarter, Cramer said.
“it’s not easy to own these bank stocks right now.”
Jim Cramer, host of CNBC’s Mad Money, via CNBC
Morgan Stanley is also a lead underwriter on Anthropic’s IPO, which Cramer said is due in November.
Bloomberg Intelligence analyst Herman Chan says Anthropic IPO deal flow could lift Morgan Stanley and Goldman Sachs.
Does Cramer See an Iran Resolution Reviving Bank Stocks?Cramer said a resolution to the war in Iran, even an imperfect one, could cool inflation.
In his view, that would give the Federal Reserve room to back off rate hikes.
He expects capital markets to bounce back if that happens.
Meanwhile, his Charitable Trust portfolio upgraded Wells Fargo and Goldman Sachs to buy-equivalent ratings, CNBC reported.
Cramer says the group no longer trades as one, because each bank now has different characteristics.
Momei Qu, head of venture at PSP Growth, says Goldman Sachs and JPMorgan are becoming AI stocks. Their earnings do not show that link yet, she told Bloomberg.
Therefore, bank shares may keep trading on inflation and rate signals rather than on quarterly beats.
Macro analyst Jim Willie believes XRP is headed for a far bigger role than most investors imagine, possibly inside the International Monetary Fund’s own reserve system. In a new interview, he built his case on derivatives, de-dollarisation and the neutrality of settlement assets, and set $200 as the minimum price XRP would need to do the job.
A seat in the IMF basket?
Willie said he believes the IMF is “farther along than they admit” in considering XRP as part of its Special Drawing Rights, the reserve asset backed by a basket of major currencies.
He pointed to a recent IMF document on tokenization that mentions Ripple’s settlement use case. In his view, if the IMF grants a loan to a country such as Bangladesh, XRP could serve as both the delivery and the repayment unit. “If you’re talking about de-dollarisation, you have to include the IMF,” he said.
He also repeated his belief that XRP “had its origins under the BlackRock roof.”
The $200 maths
Willie’s price case rests on the derivatives market, which he put at about $4 quadrillion a year. He argued that the DTCC’s recent tokenization plans covered stocks and bonds but left out derivatives, the largest market of all.
If Ripple settled just 1% of that volume, he said, XRP would need to move roughly $3 trillion to $4 trillion a month. “You think $100 get the job done? I don’t think so,” he said. “$200 minimum.”
The show’s host went further, saying $10,000 per XRP is possible and that even $100,000 to $200,000 “is not crazy” once quadrillions in value need instant settlement.
Why stablecoins won’t win, in his view
Willie rejected the idea that stablecoins will handle global settlement instead of XRP. His reason is neutrality. Most stablecoins are backed by government debt such as US Treasuries, euro bonds or Japanese bonds, so he argued they cannot act as a neutral bridge between countries in conflict.
He also claimed that BlackRock, JPMorgan, Bank of America, Citigroup and Goldman Sachs are quietly holding “billions” of XRP, and that expiring non-disclosure agreements will soon reveal more. He added that the CLARITY Act would bar any company from owning more than 20% of its own token, forcing Ripple to cut its escrow from 34 to 37 billion XRP down to 14 to 17 billion.
What is not confirmed
Willie’s claims go well beyond the public record. The IMF has not announced any plan to add XRP to the SDR basket, which currently holds the US dollar, euro, Chinese yuan, Japanese yen and British pound. No bank has disclosed holding billions of XRP, and BlackRock has never said XRP began inside the firm. The CLARITY Act, which he cited on Ripple’s escrow, failed to pass the Senate in September.
Story Ends Here
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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.
Starknet's bridge still relies on elliptic-curve cryptography, creating a potential failure point if Ethereum upgrades more slowly.
Starknet is considering becoming a standalone Layer 1 blockchain, with its builders targeting quantum-resistant security by 2027 as concerns grow about whether artificial intelligence could accelerate attacks on existing cryptography.
The move would give the network more control over its security upgrades rather than leaving parts of its migration dependent on Ethereum.
Starknet Wants Control Over Its Quantum-Security Timeline
In a post on X, Starknet announced that it was “actively considering becoming an L1,” describing the change as a route toward becoming “the first fully quantum-resistant network,” with 2027 as its target.
Starknet already uses zero-knowledge STARK proofs based on hash-based cryptography and has an active roadmap for post-quantum security. But as a Layer 2 on Ethereum, the network still relies on its parent chain for some of its security.
Two areas are still outside the direct control of its builders, including bridge messaging, which uses elliptic-curve cryptography to communicate between Starknet and Ethereum. If that dependency is removed before an Ethereum upgrade, the bridge could break.
The second concerns data availability. Starknet publishes state data to Ethereum through blobs secured by KZG commitments, which rely on cryptography vulnerable to sufficiently powerful quantum computers. A failure in KZG would affect data availability, although Starknet’s STARK proofs would continue to protect the validity of its state.
Ethereum is targeting full Layer 1 quantum resistance by the end of 2029. Starknet’s proposed 2027 timeline would therefore put it ahead of its parent network, provided it can complete the remaining work and settle the architectural questions involved in becoming an independent chain.
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The proposal follows growing concerns about advances in AI-assisted mathematics. On October 7, Ethereum researcher Justin Drake urged the blockchain industry to begin preparing for what he called “bunker mode,” recommending a controlled migration of assets to addresses whose public keys remain hidden. However, Vitalik Buterin warned against rushing the process.
Starknet co-founder Eli Ben-Sasson raised similar concerns in posts on October 8, arguing that AI could bring cryptographic threats closer than expected. He identified cryptographic choice and the ability to upgrade security systems as the two foundations of post-quantum readiness.
An Independent Starknet Would Still Face Design Choices
Starknet has already developed infrastructure that could help it operate independently, including STRK staking and multiple sequencers. However, it would still need to resolve data availability, final settlement, and changes to its official bridge.
Still, the bridge question carries particular weight, especially considering that today, Ethereum verifies Starknet withdrawal proofs before bridged funds can be released. If Starknet becomes an L1, it could continue posting STARK proofs to Ethereum, preserving a connection between the networks, or sever that dependency entirely. But those approaches would create different security assumptions for users.
Higher-than-expected US CPI sparks ETH long liquidation cascade, Binance records over $106 million in liquidations within one hour.
Crypto market analyst Darkfost wrote that the latest U.S. CPI data came in higher than market expectations, reigniting inflationary pressures and triggering sharp volatility in the crypto derivatives market. Following the release of the inflation data, Ethereum (ETH) saw massive long liquidations. Darkfost noted that over $106 million in long positions were liquidated in Binance’s ETH contracts within an hour, marking the largest single-hour liquidation event in nearly six months. ETH subsequently dropped from around $2,500 to near $2,350, a decline of roughly 7%. Darkfost pointed out that crypto futures trading volume is currently about nine times that of spot trading, making the market more sensitive to macroeconomic data. As inflation heats up, the market’s probability of pricing in a Federal Reserve interest rate hike has risen from 17% to nearly 30% in a week, with investors quickly adjusting their positions via derivatives markets.
10 minutes ago
Arthur Hayes teases the upcoming Flop KOL leaderboard and reward mechanism, with users able to earn tokens by inviting wallets.
BitMEX co-founder Arthur Hayes has published an article showcasing Flop Labs’ KOL leaderboard and onboarding process. The mechanism will display weekly FLOP token reward distributions and participants’ rankings on the leaderboard. According to Hayes, anyone can apply to become a KOL: after providing an email, creating a wallet, and optionally linking social media accounts, they will receive a unique invitation link. Users who create a wallet via this link will be linked to the inviter; the platform will track their on-chain activities to distribute rewards to KOLs accordingly. Additionally, wallet users created through the invitation link will automatically participate in weekly FLOP token lotteries.
10 minutes ago
Bitcoin rebounds to break through $81,000
According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with its 24-hour decline narrowing to 2.89%.
10 minutes ago
Elon Musk: Experienced roughly 6 "AI psychotic episodes" over the past year, stunned by AI’s demonstrated aesthetic capabilities.
Dongcha Beating AI News Flash: Elon Musk recently stated at an X Takeover event that he has experienced roughly six instances of so-called "AI psychosis" over the past year, adding that his immersion in AI may be "quite severe." What most shocked him was that AI began showing an understanding of aesthetics and taste. Musk said he found it hard to believe when he noticed AI seemed capable of judging what is beautiful and what constitutes good taste. This reaction stems more from the cognitive shock of AI capabilities exceeding expectations rather than a formal medical diagnosis. "AI psychosis" is not a medical term with a unified clinical definition. On one hand, it is used to describe the risk that AI interactions may reinforce users’ unrealistic perceptions; on the other, it has gradually become a popular meme in Silicon Valley’s tech circle, used to tease practitioners’ extreme optimistic expectations driven by the rapid advancement of AI capabilities.
10 minutes ago
BlackRock CEO Warns: U.S. Economy Will Fall Into Recession If Data Center Construction Is Halted, National Debt Reaches $40 Trillion
BlackRock CEO Larry Fink said in an interview with CNBC on Wednesday that the U.S. would enter a recession if it imposes some form of moratorium on data center construction. He pointed out that current U.S. economic growth is highly dependent on capital expenditure related to data centers, and restricting such construction would not only hit the stock market, but also impact multiple industrial sectors including construction workers, energy infrastructure, and AI computing hardware. Fink argued that some concerns over data centers' environmental impact and energy costs are rooted in "misinformation", stressing that "data centers are not the problem". According to Moody's estimates, U.S. data center capital expenditure planned for this year is around $700 billion, with cumulative spending projected to reach $2.4 trillion to $2.48 trillion by 2030, while global related spending could hit $7 trillion at that time. Fink also warned that U.S. national debt has surged from $8 trillion in 2000 to $40 trillion in 2026, and the government's expanding borrowing needs are exerting significant pressure on credit markets, with Treasury auction sizes also growing. He called for unlocking more private capital to help the U.S. economy achieve 3% growth.
10 minutes ago
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions: - SNDK: ~15,800 shares, position value ~$21.28 million - NVDA: ~88,500 shares, position value ~$19.41 million - MU: ~10,400 shares, position value ~$9.13 million - ORCL: ~41,900 shares, position value ~$5.39 million - PLTR: ~23,000 shares, position value ~$4.56 million - CRWV: ~34,300 shares, position value ~$2.19 million
Cyberleek, the pseudonymous GTA 6 leaker, says the game’s ending will surface if they are caught, a threat that arrives as the token behind their leaks tumbles.
The token fell 41% on Wednesday, and the GTA 6 release is now about five weeks away.
Cyberleek says the GTA 6 leaks are stopping “for now.”
He claims he has the game’s ending but decided not to publish it, says the 200+GB build will not be released after the $30M milestone wasn’t reached, and claims a “dead man’s switch” containing story spoilers is still… pic.twitter.com/cJYHh0omTW
— GTA 6 Info (@GTASixInfo) October 14, 2026 Could the Threat Spoil GTA 6 After All?Cyberleek posted the latest message this morning, saying the full build will stay private. The account says it already has the ending.
As evidence, the account showed out-of-context clips from the final story missions. Rather than release it, the leaker proposes a dead man’s switch that would spoil the ending if they are caught.
The leaker argues that Take-Two, parent company of Rockstar Games, has suffered enough, and that spoilers would damage the experience.
The game is still scheduled for November 19. Chris Bratt of People Make Games says a tribunal between Rockstar and 34 fired workers will meet on November 17 and 18.
1.5 Million Americans Will Reportedly Take Off Work on ‘GTA VI’ Release Day 😭
According to research attributed to economist José García Montalvo, approximately 1.5 million U.S. workers are expected to take off when GTA VI launches on November 19, 2026. The mass absence could… pic.twitter.com/mGZ8kgetaE
— Complex (@Complex) September 5, 2026 Some X users speculate that the fired employees may include Cyberleek, though nothing confirms the idea. The clips, however, are shown without context, which makes their authenticity hard to verify.
The Market Value Behind CyberLeek’s SagaThe leaker releases unreleased GTA 6 material and ties each new drop to the market value of the CYBERLEEK token. In effect, its price decides how much of the game reaches fans.
CYBERLEEK fell 41% in 24 hours and trades near $0.00155, according to CoinGecko data. That price sits roughly 96% below its all-time high.
Valuation milestones have shaped every release since the start. The first leaks pushed the token to a $40 million market cap.
CyberLeek (CYBERLEEK) Price Performance. Source: CoinGeckoThe token then climbed 200% in two days, yet it still fell short of that earlier peak. Cyberleek responded by withholding the full build. Its market cap sits a little above $1 million, far below the $30 million target.
The roadmap ties future drops to milestones of several million dollars in market cap. Regular releases will stop, the leaker says, because the token is performing poorly.
According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with its 24-hour decline narrowing to 2.89%.
1 seconds ago
Elon Musk: Experienced roughly 6 "AI psychotic episodes" over the past year, stunned by AI’s demonstrated aesthetic capabilities.
Dongcha Beating AI News Flash: Elon Musk recently stated at an X Takeover event that he has experienced roughly six instances of so-called "AI psychosis" over the past year, adding that his immersion in AI may be "quite severe." What most shocked him was that AI began showing an understanding of aesthetics and taste. Musk said he found it hard to believe when he noticed AI seemed capable of judging what is beautiful and what constitutes good taste. This reaction stems more from the cognitive shock of AI capabilities exceeding expectations rather than a formal medical diagnosis. "AI psychosis" is not a medical term with a unified clinical definition. On one hand, it is used to describe the risk that AI interactions may reinforce users’ unrealistic perceptions; on the other, it has gradually become a popular meme in Silicon Valley’s tech circle, used to tease practitioners’ extreme optimistic expectations driven by the rapid advancement of AI capabilities.
1 seconds ago
BlackRock CEO Warns: U.S. Economy Will Fall Into Recession If Data Center Construction Is Halted, National Debt Reaches $40 Trillion
BlackRock CEO Larry Fink said in an interview with CNBC on Wednesday that the U.S. would enter a recession if it imposes some form of moratorium on data center construction. He pointed out that current U.S. economic growth is highly dependent on capital expenditure related to data centers, and restricting such construction would not only hit the stock market, but also impact multiple industrial sectors including construction workers, energy infrastructure, and AI computing hardware. Fink argued that some concerns over data centers' environmental impact and energy costs are rooted in "misinformation", stressing that "data centers are not the problem". According to Moody's estimates, U.S. data center capital expenditure planned for this year is around $700 billion, with cumulative spending projected to reach $2.4 trillion to $2.48 trillion by 2030, while global related spending could hit $7 trillion at that time. Fink also warned that U.S. national debt has surged from $8 trillion in 2000 to $40 trillion in 2026, and the government's expanding borrowing needs are exerting significant pressure on credit markets, with Treasury auction sizes also growing. He called for unlocking more private capital to help the U.S. economy achieve 3% growth.
1 seconds ago
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions: - SNDK: ~15,800 shares, position value ~$21.28 million - NVDA: ~88,500 shares, position value ~$19.41 million - MU: ~10,400 shares, position value ~$9.13 million - ORCL: ~41,900 shares, position value ~$5.39 million - PLTR: ~23,000 shares, position value ~$4.56 million - CRWV: ~34,300 shares, position value ~$2.19 million
1 seconds ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
1 seconds ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
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.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with its 24-hour decline narrowing to 2.89%.
1 seconds ago
Elon Musk: Experienced roughly 6 "AI psychotic episodes" over the past year, stunned by AI’s demonstrated aesthetic capabilities.
Dongcha Beating AI News Flash: Elon Musk recently stated at an X Takeover event that he has experienced roughly six instances of so-called "AI psychosis" over the past year, adding that his immersion in AI may be "quite severe." What most shocked him was that AI began showing an understanding of aesthetics and taste. Musk said he found it hard to believe when he noticed AI seemed capable of judging what is beautiful and what constitutes good taste. This reaction stems more from the cognitive shock of AI capabilities exceeding expectations rather than a formal medical diagnosis. "AI psychosis" is not a medical term with a unified clinical definition. On one hand, it is used to describe the risk that AI interactions may reinforce users’ unrealistic perceptions; on the other, it has gradually become a popular meme in Silicon Valley’s tech circle, used to tease practitioners’ extreme optimistic expectations driven by the rapid advancement of AI capabilities.
1 seconds ago
BlackRock CEO Warns: U.S. Economy Will Fall Into Recession If Data Center Construction Is Halted, National Debt Reaches $40 Trillion
BlackRock CEO Larry Fink said in an interview with CNBC on Wednesday that the U.S. would enter a recession if it imposes some form of moratorium on data center construction. He pointed out that current U.S. economic growth is highly dependent on capital expenditure related to data centers, and restricting such construction would not only hit the stock market, but also impact multiple industrial sectors including construction workers, energy infrastructure, and AI computing hardware. Fink argued that some concerns over data centers' environmental impact and energy costs are rooted in "misinformation", stressing that "data centers are not the problem". According to Moody's estimates, U.S. data center capital expenditure planned for this year is around $700 billion, with cumulative spending projected to reach $2.4 trillion to $2.48 trillion by 2030, while global related spending could hit $7 trillion at that time. Fink also warned that U.S. national debt has surged from $8 trillion in 2000 to $40 trillion in 2026, and the government's expanding borrowing needs are exerting significant pressure on credit markets, with Treasury auction sizes also growing. He called for unlocking more private capital to help the U.S. economy achieve 3% growth.
1 seconds ago
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions: - SNDK: ~15,800 shares, position value ~$21.28 million - NVDA: ~88,500 shares, position value ~$19.41 million - MU: ~10,400 shares, position value ~$9.13 million - ORCL: ~41,900 shares, position value ~$5.39 million - PLTR: ~23,000 shares, position value ~$4.56 million - CRWV: ~34,300 shares, position value ~$2.19 million
1 seconds ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
1 seconds ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with its 24-hour decline narrowing to 2.89%.
1 seconds ago
Elon Musk: Experienced roughly 6 "AI psychotic episodes" over the past year, stunned by AI’s demonstrated aesthetic capabilities.
Dongcha Beating AI News Flash: Elon Musk recently stated at an X Takeover event that he has experienced roughly six instances of so-called "AI psychosis" over the past year, adding that his immersion in AI may be "quite severe." What most shocked him was that AI began showing an understanding of aesthetics and taste. Musk said he found it hard to believe when he noticed AI seemed capable of judging what is beautiful and what constitutes good taste. This reaction stems more from the cognitive shock of AI capabilities exceeding expectations rather than a formal medical diagnosis. "AI psychosis" is not a medical term with a unified clinical definition. On one hand, it is used to describe the risk that AI interactions may reinforce users’ unrealistic perceptions; on the other, it has gradually become a popular meme in Silicon Valley’s tech circle, used to tease practitioners’ extreme optimistic expectations driven by the rapid advancement of AI capabilities.
1 seconds ago
BlackRock CEO Warns: U.S. Economy Will Fall Into Recession If Data Center Construction Is Halted, National Debt Reaches $40 Trillion
BlackRock CEO Larry Fink said in an interview with CNBC on Wednesday that the U.S. would enter a recession if it imposes some form of moratorium on data center construction. He pointed out that current U.S. economic growth is highly dependent on capital expenditure related to data centers, and restricting such construction would not only hit the stock market, but also impact multiple industrial sectors including construction workers, energy infrastructure, and AI computing hardware. Fink argued that some concerns over data centers' environmental impact and energy costs are rooted in "misinformation", stressing that "data centers are not the problem". According to Moody's estimates, U.S. data center capital expenditure planned for this year is around $700 billion, with cumulative spending projected to reach $2.4 trillion to $2.48 trillion by 2030, while global related spending could hit $7 trillion at that time. Fink also warned that U.S. national debt has surged from $8 trillion in 2000 to $40 trillion in 2026, and the government's expanding borrowing needs are exerting significant pressure on credit markets, with Treasury auction sizes also growing. He called for unlocking more private capital to help the U.S. economy achieve 3% growth.
1 seconds ago
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions:
- SNDK: ~15,800 shares, position value ~$21.28 million
- NVDA: ~88,500 shares, position value ~$19.41 million
- MU: ~10,400 shares, position value ~$9.13 million
- ORCL: ~41,900 shares, position value ~$5.39 million
- PLTR: ~23,000 shares, position value ~$4.56 million
- CRWV: ~34,300 shares, position value ~$2.19 million
1 seconds ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
1 seconds ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with its 24-hour decline narrowing to 2.89%.
1 seconds ago
Elon Musk: Experienced roughly 6 "AI psychotic episodes" over the past year, stunned by AI’s demonstrated aesthetic capabilities.
Dongcha Beating AI News Flash: Elon Musk recently stated at an X Takeover event that he has experienced roughly six instances of so-called "AI psychosis" over the past year, adding that his immersion in AI may be "quite severe." What most shocked him was that AI began showing an understanding of aesthetics and taste. Musk said he found it hard to believe when he noticed AI seemed capable of judging what is beautiful and what constitutes good taste. This reaction stems more from the cognitive shock of AI capabilities exceeding expectations rather than a formal medical diagnosis. "AI psychosis" is not a medical term with a unified clinical definition. On one hand, it is used to describe the risk that AI interactions may reinforce users’ unrealistic perceptions; on the other, it has gradually become a popular meme in Silicon Valley’s tech circle, used to tease practitioners’ extreme optimistic expectations driven by the rapid advancement of AI capabilities.
1 seconds ago
BlackRock CEO Warns: U.S. Economy Will Fall Into Recession If Data Center Construction Is Halted, National Debt Reaches $40 Trillion
BlackRock CEO Larry Fink said in an interview with CNBC on Wednesday that the U.S. would enter a recession if it imposes some form of moratorium on data center construction. He pointed out that current U.S. economic growth is highly dependent on capital expenditure related to data centers, and restricting such construction would not only hit the stock market, but also impact multiple industrial sectors including construction workers, energy infrastructure, and AI computing hardware. Fink argued that some concerns over data centers' environmental impact and energy costs are rooted in "misinformation", stressing that "data centers are not the problem". According to Moody's estimates, U.S. data center capital expenditure planned for this year is around $700 billion, with cumulative spending projected to reach $2.4 trillion to $2.48 trillion by 2030, while global related spending could hit $7 trillion at that time. Fink also warned that U.S. national debt has surged from $8 trillion in 2000 to $40 trillion in 2026, and the government's expanding borrowing needs are exerting significant pressure on credit markets, with Treasury auction sizes also growing. He called for unlocking more private capital to help the U.S. economy achieve 3% growth.
1 seconds ago
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions:
- SNDK: ~15,800 shares, position value ~$21.28 million
- NVDA: ~88,500 shares, position value ~$19.41 million
- MU: ~10,400 shares, position value ~$9.13 million
- ORCL: ~41,900 shares, position value ~$5.39 million
- PLTR: ~23,000 shares, position value ~$4.56 million
- CRWV: ~34,300 shares, position value ~$2.19 million
1 seconds ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
1 seconds ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with its 24-hour decline narrowing to 2.89%.
1 seconds ago
Elon Musk: Experienced roughly 6 "AI psychotic episodes" over the past year, stunned by AI’s demonstrated aesthetic capabilities.
Dongcha Beating AI News Flash: Elon Musk recently stated at an X Takeover event that he has experienced roughly six instances of so-called "AI psychosis" over the past year, adding that his immersion in AI may be "quite severe." What most shocked him was that AI began showing an understanding of aesthetics and taste. Musk said he found it hard to believe when he noticed AI seemed capable of judging what is beautiful and what constitutes good taste. This reaction stems more from the cognitive shock of AI capabilities exceeding expectations rather than a formal medical diagnosis. "AI psychosis" is not a medical term with a unified clinical definition. On one hand, it is used to describe the risk that AI interactions may reinforce users’ unrealistic perceptions; on the other, it has gradually become a popular meme in Silicon Valley’s tech circle, used to tease practitioners’ extreme optimistic expectations driven by the rapid advancement of AI capabilities.
1 seconds ago
BlackRock CEO Warns: U.S. Economy Will Fall Into Recession If Data Center Construction Is Halted, National Debt Reaches $40 Trillion
BlackRock CEO Larry Fink said in an interview with CNBC on Wednesday that the U.S. would enter a recession if it imposes some form of moratorium on data center construction. He pointed out that current U.S. economic growth is highly dependent on capital expenditure related to data centers, and restricting such construction would not only hit the stock market, but also impact multiple industrial sectors including construction workers, energy infrastructure, and AI computing hardware. Fink argued that some concerns over data centers' environmental impact and energy costs are rooted in "misinformation", stressing that "data centers are not the problem". According to Moody's estimates, U.S. data center capital expenditure planned for this year is around $700 billion, with cumulative spending projected to reach $2.4 trillion to $2.48 trillion by 2030, while global related spending could hit $7 trillion at that time. Fink also warned that U.S. national debt has surged from $8 trillion in 2000 to $40 trillion in 2026, and the government's expanding borrowing needs are exerting significant pressure on credit markets, with Treasury auction sizes also growing. He called for unlocking more private capital to help the U.S. economy achieve 3% growth.
1 seconds ago
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions: - SNDK: ~15,800 shares, position value ~$21.28 million - NVDA: ~88,500 shares, position value ~$19.41 million - MU: ~10,400 shares, position value ~$9.13 million - ORCL: ~41,900 shares, position value ~$5.39 million - PLTR: ~23,000 shares, position value ~$4.56 million - CRWV: ~34,300 shares, position value ~$2.19 million
1 seconds ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
1 seconds ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with its 24-hour decline narrowing to 2.89%.
1 seconds ago
Elon Musk: Experienced roughly 6 "AI psychotic episodes" over the past year, stunned by AI’s demonstrated aesthetic capabilities.
Dongcha Beating AI News Flash: Elon Musk recently stated at an X Takeover event that he has experienced roughly six instances of so-called "AI psychosis" over the past year, adding that his immersion in AI may be "quite severe." What most shocked him was that AI began showing an understanding of aesthetics and taste. Musk said he found it hard to believe when he noticed AI seemed capable of judging what is beautiful and what constitutes good taste. This reaction stems more from the cognitive shock of AI capabilities exceeding expectations rather than a formal medical diagnosis. "AI psychosis" is not a medical term with a unified clinical definition. On one hand, it is used to describe the risk that AI interactions may reinforce users’ unrealistic perceptions; on the other, it has gradually become a popular meme in Silicon Valley’s tech circle, used to tease practitioners’ extreme optimistic expectations driven by the rapid advancement of AI capabilities.
1 seconds ago
BlackRock CEO Warns: U.S. Economy Will Fall Into Recession If Data Center Construction Is Halted, National Debt Reaches $40 Trillion
BlackRock CEO Larry Fink said in an interview with CNBC on Wednesday that the U.S. would enter a recession if it imposes some form of moratorium on data center construction. He pointed out that current U.S. economic growth is highly dependent on capital expenditure related to data centers, and restricting such construction would not only hit the stock market, but also impact multiple industrial sectors including construction workers, energy infrastructure, and AI computing hardware. Fink argued that some concerns over data centers' environmental impact and energy costs are rooted in "misinformation", stressing that "data centers are not the problem". According to Moody's estimates, U.S. data center capital expenditure planned for this year is around $700 billion, with cumulative spending projected to reach $2.4 trillion to $2.48 trillion by 2030, while global related spending could hit $7 trillion at that time. Fink also warned that U.S. national debt has surged from $8 trillion in 2000 to $40 trillion in 2026, and the government's expanding borrowing needs are exerting significant pressure on credit markets, with Treasury auction sizes also growing. He called for unlocking more private capital to help the U.S. economy achieve 3% growth.
1 seconds ago
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions:
- SNDK: ~15,800 shares, position value ~$21.28 million
- NVDA: ~88,500 shares, position value ~$19.41 million
- MU: ~10,400 shares, position value ~$9.13 million
- ORCL: ~41,900 shares, position value ~$5.39 million
- PLTR: ~23,000 shares, position value ~$4.56 million
- CRWV: ~34,300 shares, position value ~$2.19 million
1 seconds ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
1 seconds ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions: - SNDK: ~15,800 shares, position value ~$21.28 million - NVDA: ~88,500 shares, position value ~$19.41 million - MU: ~10,400 shares, position value ~$9.13 million - ORCL: ~41,900 shares, position value ~$5.39 million - PLTR: ~23,000 shares, position value ~$4.56 million - CRWV: ~34,300 shares, position value ~$2.19 million
4 minutes ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
4 minutes ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
4 minutes ago
StandX Co-founder: In addition to airdrops, he will use personal funds to give back to the community.
StandX co-founder AG announced in a post that the protocol has decided to scrap its planned Token Generation Event (TGE). He noted that despite hitting a peak Total Value Locked (TVL) of $200 million without external VC funding, the team ultimately failed to achieve its goal of becoming one of the top three perpetual contract decentralized exchanges (DEXs). AG added that while the project’s current fundamentals would still support a token launch, relying primarily on short-term speculation to drive the token’s listing without delivering sustainable long-term value would ultimately shift costs to users and the community—something he called both irresponsible and against his personal values. Most of the protocol’s prior revenue has already been returned to users via SIP-2 and SIP-3 subsidies; for this airdrop, in addition to using remaining project treasury funds, he will also contribute personally to give back to the community as much as possible. AG also emphasized that all user funds are safe, and DUSD is fully collateralized. StandX will wind down operations in an orderly manner and will release specific arrangements for fund withdrawals, the airdrop, and service termination.
4 minutes ago
Japanese and South Korean stock markets both slumped and closed lower, as South Korea's financial regulatory authorities convened an emergency meeting.
According to Bitget market data, the Nikkei 225 index closed 3,318.34 points lower on Thursday, October 15, down 4.90% to 64,425.95 points. South Korea’s KOSPI index fell 454.54 points on the same day, a 7.56% drop, ending at 5,554.27 points. The benchmark index once plunged more than 9% intraday, triggering a circuit breaker for the 10th time this year. South Korea’s financial regulators convened an emergency meeting on the stock market in the afternoon, after which the market’s decline narrowed. SK Hynix closed down 11.06%, while Samsung Electronics fell 9.48%.
4 minutes ago
South Korean regulators will take firm action against market-disrupting activities.
South Korea’s regulatory authority has stated it will take stern measures to respond to market-disrupting acts, and will stand ready to activate emergency plans if necessary.
Bitcoin fell below $81,000 after hotter-than-expected U.S. inflation data revived concerns that the Federal Reserve could raise interest rates in October.Markets pared the odds of an October rate increase to about 26% to 30% after initially pricing in a nearly 50% chance following the inflation report.Fragile institutional demand, including $150.5 million in U.S. spot bitcoin ETF outflows on Oct. 14, and broader economic uncertainty are weighing on liquidity and risk appetite.Bitcoin BTC$81,211.60 and global stocks are under pressure as Wednesday’s U.S. inflation data revived concerns that the Federal Reserve could raise interest rates this month.
The largest cryptocurrency by market value is trading 1% lower since midnight UTC. Prices dipped close to $80,000 in early Asian trading before briefly rebounding to about $81,500, but that recovery has since stalled near $81,000, CoinDesk data show. Prices are down more than 2% in the past 24 hours.
Tokens such as ether ETH$2,364.06, XRP (XRP), solana (SOL) are down 3.5% to 4%. PYTH is the only top-100 cryptocurrency still up more than 7%.
Traditional markets have also turned risk-averse. Nasdaq futures were down 1% at press time, extending Wednesday’s 2% decline, while South Korea’s KOSPI plunged 8% and triggered circuit breakers.
Data released Wednesday showed consumer prices rose 3.7% in the 12 months through September, up from 3.4% in August and above economists’ expectations. Core CPI, which excludes food and energy, climbed 2.6%, accelerating from 2.4% the previous month.
Markets have quickly repriced the odds of a Fed move. On prediction platform Polymarket, the probability of an October rate hike briefly spiked to nearly 50% after the CPI release before easing to about 30%. CME’s FedWatch tool showed a similar pattern: odds initially jumped to almost 47% from roughly 22%, before retreating to 26% as of writing.
“Stronger U.S. inflation data has renewed concerns that interest rates will stay higher for longer,” said Vikram Subburaj, CEO of India-based exchange Giottus. “September inflation rose to 3.7% annually, increasing uncertainty over the Federal Reserve’s next move. Institutional demand also remains fragile. U.S. spot Bitcoin ETFs recorded $150.5 million in outflows on October 14, reversing the previous day’s $175.7 million inflow.”
Market-making firm STS Digital said the uncertainty could weigh on liquidity across markets.
“With the next FOMC a coin flip, this uncertainty is damaging liquidity and dampening risk appetite across all asset classes,” the firm’s Anderson told CoinDesk in an email.
Still, Anderson thinks the Fed will hold interest rates steady this month, which is consistent with the over 70% probability of a status quo decision priced by the CME Fed funds futures as of this writing.
“Despite recent optimism in digital assets, tokens now look increasingly sensitive to macro factors, with energy shocks, fixed-income volatility and AI valuations weighing on sentiment,” he added.
Government Bitcoin [BTC] holdings have declined in 2026, falling from 647,231 BTC at the beginning of the year to 645,596 BTC – a reduction of 1,635 BTC. In this, Bhutan recorded the sharpest decline, with its tracked holdings dropping 91% from 5,984 BTC to 518 BTC.
Meanwhile, Kazakhstan and El Salvador are the only governments to have increased their holdings, with Kazakhstan holding an estimated 3,544 BTC and El Salvador adding 287 BTC.
Despite the overall decline, the U.S. remains the largest government Bitcoin holder with 328,372 BTC, followed by China with 190,000 BTC and the U.K. with 61,245 BTC.
Whereas, Ukraine’s officials reportedly hold 46,351 BTC, placing it fourth, while El Salvador ranks fifth with 7,803 BTC. However, the decline in tracked holdings does not necessarily mean all the missing Bitcoin was sold, as some assets may have been transferred to wallets that are not tracked.
Just like a recent report from AMBCrypto, which highlighted that the U.S. government transferred 833.6 BTC worth $71.6 million to Coinbase Prime on the 7th of October.
The Bitcoin imbalance This comes as the U.S. institutional investors also appear to be facing stronger selling pressure. The Coinbase Premium Index, which remained deeply negative, indicated that Bitcoin is trading at a lower price on Coinbase than on Binance.
In layman’s language, such a drop signals weaker demand among U.S.-based investors compared with Binance participants, although they do not directly confirm institutional selling.
Source: CryptoQuant All this comes amidst a concerning broader economic environment, which is also weighing on the bearish sentiment. For instance, rising bond yields make fixed-income investments more attractive, while persistent inflation and geopolitical conflicts add uncertainty.
Meanwhile, a stronger U.S. dollar can tighten financial conditions and reduce investors’ appetite for riskier assets such as Bitcoin. For Bitcoin, this creates a challenging near-term outlook.
Therefore, if institutional selling continues while liquidity remains tight, BTC could struggle to recover or face further downside pressure.
On-chain metrics tell a different story This comes as the price of Bitcoin was trading at $83,168.42 at press time after a modest drop. Meanwhile, the RSI indicator moving below the neutral level suggests that the bears have overtaken the bulls.
Moreover, the narrowing and parallel running Bollinger Bands suggest that the current momentum might continue to stay.
Source: Tarding View On the other hand, the Bitcoin spot ETF has also seen $278.37 million in net outflows so far in October, following strong inflows of $2.65 billion in September.
But not everything is bleak, yet. As Bitcoin’s Net Unrealized Profit/Loss (NUPL) has recovered significantly in October 2026, rising to approximately 0.351.
Source: CryptoQuant This indicates that Bitcoin holders are sitting on substantial unrealized profits, suggesting improved market sentiment compared with the June–July period, when NUPL fell close to 0.10.
Final Summary While the Bhutan government has seen a drop in its Bitcoin holdings, Kazakhstan and El Salvador are the only governments to have increased their holdings. Bitcoin spot ETFs have seen $278.37 million in net outflows so far in October, following strong inflows of $2.65 billion in September.
Binance will close its bitcoin mining pool and related services on Nov. 10, giving miners about four weeks to move their computing power elsewhere.Binance Pool’s computing power has fallen about 65% since December, to roughly 9.2 exahashes per second, or less than 1% of Bitcoin’s network.The closure follows other industry exits and could further concentrate block production among Foundry USA, AntPool and F2Pool, which together control about 64% of the network’s computing power.Crypto exchange Binance is shutting the bitcoin mining pool it launched in April 2020, with the computing power directed at the service down nearly two-thirds from the end of last year.
Binance Pool had an estimated 26 exahashes per second, or 2.3% of Bitcoin’s network, in December, according to Hashrate Index. Its latest table puts the pool at about 9.2 EH/s, under 1% and ranking 11th. That works out to a decline of roughly 65%.
One exahash per second is a quintillion guesses every second at the puzzle that earns a bitcoin block. A mining pool combines work from many machines so their owners receive regular payments instead of waiting to find a block alone.
Binance used a payout model known as full pay-per-share, or FPPS, paying miners for their work and taking on the risk that the pool found fewer blocks than expected.
The exchange said earlier this week that Binance Pool, Pool Savings, Cloud Mining, its transaction accelerator and related services will close at 7 a.m. UTC on Nov. 10, citing an ongoing review of its products and services. It gave no financial explanation for the decision.
Miners have about four weeks to direct their machines elsewhere. After the cutoff, Binance will stop crediting mining shares, the records of work used to calculate payouts. Pool Savings users must redeem their positions, while anyone awaiting a final payout should complete required identity checks by 11:59 p.m. UTC that day.
Pool pages will disappear permanently on Nov. 24, giving customers another two weeks to download records and check payout status.
Four years ago, Binance was offering to finance miners’ expansion. In October 2022, it announced a $500 million lending program through the pool, offering secured loans for 18 to 24 months at interest rates of 5% to 10%. The closure notice does not address that program or disclose any outstanding loan balance.
Fewer pools to choose fromBinance follows SBI Crypto, which shut its pool on July 31 after accounting for roughly 2% of Bitcoin’s computing power. Crypto exchange OKX ended its mining pool services in February 2024.
Hashrate Index’s December report described Binance Pool as the last surviving pool from the period when exchanges expanded into mining.
Read More: SBI Crypto to shut down mining pool that holds roughly 2% of Bitcoin’s hashrate
Poolin, once the largest pool with nearly a fifth of global hashrate, also filed for bankruptcy in July owing about $173 million. Its troubles involved frozen wallet funds and stalled Texas mining sites, and its pool share had already been near zero for years.
The largest pools now account for a greater share of block production. Foundry USA, AntPool and F2Pool together represented about 64.2% in Hashrate Index’s latest table. December’s three largest held 61.4%, with ViaBTC occupying third place instead of F2Pool.
Traditional pool operators choose which transactions their participating machines work to confirm. Closing pools therefore narrow miners’ choice of providers in a business that influences which bitcoin payments get included in blocks. Miners can redirect their machines to smaller providers, however, and pool shares do not establish ownership of the hardware.
If all of Binance’s remaining computing power moves to the three largest pools, their combined share would reach roughly 65%, assuming the rest of the network stays unchanged. Binance has not identified where its remaining miners will go.
US stock markets experienced their steepest decline since July on Wednesday as inflation data surpassed expectations, hitting technology and artificial intelligence infrastructure companies particularly hard. Bitcoin mining firms also faced significant drops alongside the broader tech sector.
Major tech and AI infrastructure stocks slideThe S&P 500 index fell 1.1%, recording its largest single-day loss since July 29. The Nasdaq Composite lost 1.9%, marking its most significant decrease since July 23. Meanwhile, the Dow Jones Industrial Average slipped 0.1% over the same period.
Among tech firms, data center operator CoreWeave suffered a 16% loss, while Nebius, an AI infrastructure provider, dropped by 11%. Oracle also saw its shares fall by 9% during the session.
Analysis from PRISM’s AI Data Center and Infrastructure Index, a benchmark tracking 23 prominent companies in the sector, showed that 21 of these stocks declined on Wednesday. The average drop across this group reached 7.46%.
Mini dictionary: PRISM’s AI Data Center and Infrastructure Index, a market index tracking the performance of leading technology companies involved in the development and operation of AI-focused data centers and supporting infrastructure.
The downturn in tech equities also impacted several companies that straddle cryptocurrency mining and AI services. TeraWulf fell by 12.64%, while Core Scientific lost 12.44%, Cipher Mining dropped 12.35%, and IREN decreased by 12.2%. Riot Platforms, Bitdeer Technologies, Marathon Digital Holdings (MARA), and CleanSpark reported declines as well.
CompanyDaily Change (%)CoreWeave-16.0Nebius-11.0Oracle-9.0TeraWulf-12.64Core Scientific-12.44Cipher Mining-12.35IREN-12.2Higher rates pressure tech and crypto mining firmsRising interest rates are posing additional challenges for AI infrastructure companies, many of which depend on substantial borrowing to fund their expansion and data center development.
US consumer prices rose 3.7% year-on-year in September, outpacing economists’ forecasts of 3.6% and remaining above the Federal Reserve’s 2% inflation target. Analysts attributed part of the surge to elevated gasoline prices, which have been linked to unrest in the Middle East.
In response to the higher-than-expected inflation print, market participants briefly saw the implied probability of an October interest rate hike from the Federal Reserve rise above 50% before it later declined.
Fed signals caution despite inflation spikeMary Daly, President of the Federal Reserve Bank of San Francisco, indicated that although further rate increases could be necessary to manage inflation, policymakers should not rush their decisions.
“I don’t feel urgent that we have to decide with a limited set of information. I think we have the time that we need,” Daly stated.
Despite mounting expectations, Daly emphasized that the central bank is prepared to take more time to assess incoming data before committing to additional policy tightening.
Bitcoin Bitcoin BTC-2.70% remained under selling pressure during Asian trading hours on Thursday, dropping below $81,000 alongside a broad decline in regional equities.
The world's largest cryptocurrency fell 3.6% over the past 24 hours to $80,764 as of 11:50 p.m. ET Wednesday, while ether Ethereum ETH-5.41% dropped 6.5% to $2,353, according to The Block's crypto price page.
Zcash saw the biggest loss among the top 10 cryptocurrencies, trading down 12.8% at $1,101. Solana lost 4.8%, while XRP slid 4.7%.
Asian equities also tumbled on Thursday. South Korea's Kospi slid 8% in the morning session, leading regional losses as chipmakers Samsung Electronics and SK Hynix both fell over 9%. Japan's Nikkei 225 declined 5.2%.
The sell-off across crypto and equity markets followed overnight losses on Wall Street after the latest U.S. inflation data showed core CPI rising more than expected, fueling concerns over the Fed's interest rate outlook.
Price Performance (The Block)Dominick John, analyst at Zeus Research, told The Block that the declines in Asian equities and crypto likely reflected a broader risk-off move, "with weakness in U.S. tech stocks spilling into both markets rather than one directly causing the other."
"U.S. inflation rising to 3.7%, above expectations, reignited fears that interest rates will stay higher for longer, putting pressure on risk assets," said John.
Meanwhile, crypto liquidations reached $951.4 million over the past 24 hours, including $876.3 million in long positions, according to CoinGlass data.
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The US government owns a lot of Bitcoin. Before it buys any more, it wants to make sure it knows exactly where all of it is.
On October 14, 2026, Patrick Witt, executive director of the President’s Council of Advisers on Digital Assets, said the White House is focused first on safeguarding and accounting for its existing Bitcoin. Adding to the Strategic Bitcoin Reserve comes later, if at all.
Anyone hoping Washington was about to start buying will have to keep waiting. Witt said no specific purchase strategies have been set. He also pointed to no imminent policy changes and no announced timelines.
Counting the coins before adding more As of early October 2026, the government’s Bitcoin holdings were estimated at between 319,000 and 328,000 BTC.
At market prices of $82,000 to $83,000 per Bitcoin, that stash is worth approximately $26 to $28 billion.
The coins have also been on the move recently. More than $1 billion worth of Bitcoin was reportedly transferred in early October, with significant amounts landing in Coinbase Prime addresses.
The movements point to consolidated custody rather than liquidation. The coins are being gathered into institutional-grade storage, not lined up at the exit.
Most of the government’s Bitcoin came from forfeitures tied to the Silk Road and Bitfinex hack cases.
How the reserve got here The Strategic Bitcoin Reserve was created by executive order on March 6, 2025. It is capitalized exclusively with forfeited Bitcoin, meaning the government has not spent money to fill it.
That order marked a real break from past practice. For years, the government auctioned off seized Bitcoin. The current policy replaces that with strategic holding, and the deposited Bitcoin is not supposed to be sold.
There is also a fiscal constraint baked into the plan. Any acquisition strategy must remain budget-neutral, and no new costs to taxpayers are allowed.
So far, no budget-neutral acquisition approach has moved past the discussion stage. No purchases have occurred, and none have been spelled out in detail.
What this means for the market For traders, the near-term read is fairly simple. The government is neither buying nor selling right now, which removes a potential source of sudden supply or demand shocks.
A holder sitting on an estimated 319,000 to 328,000 BTC that commits to not selling takes one large overhang off the table.
The flip side is that the buy-side narrative stays on ice. Some market participants had framed the reserve as a future source of steady government demand. Witt’s comments push that scenario further into the undefined future.
The key things to watch now are concrete. First, whether the administration publishes a formal accounting of its holdings, which would replace estimates with official figures.
Second, further on-chain movements from government addresses. Consolidation into custody fits the current story; anything that looks like transfers to sale venues would contradict it.
Third, any progress on a budget-neutral acquisition plan. Until one advances beyond discussion, the Strategic Bitcoin Reserve remains a holding operation for seized coins rather than an active buyer.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
