Strategys 3,568 BTC Transfers Explained: Fidelity Custody Move, Not a Sale

The wallets linked to Strategy transferred 3,568 BTC, which is approximately $297 million in value. It was thought that there might be another sale of Bitcoin.According to Arkham, the movements were regular Fidelity Custody operations. It had no information suggesting that Strategy had sold Bitcoin.  Bitcoin wallets tied to Strategy have been involved in transferring out 3,568 BTC, which is equal to roughly $297 million. The Lookonchain blockchain tracking tool picked up 12 transfers within nine hours. Single transfers ranged from 138 BTC to 452 BTC in value. The transfers attracted attention because Strategy is one of the biggest corporates holding Bitcoin. But Emmett Gallic, an Arkham Intelligence analyst, argued that the transfers were not indicative of any Bitcoin sell-off. Gallic noted that the transfers were regular activity within Fidelity Custody. Arkham had previously flagged those addresses as Fidelity wallets.  These are neither selling or moving.  These are normal movements within Fidelity Custody.  Fidelity treats all customer BTC deposits as fungible and will move the funds as needed.  Addresses are already reflected as Fidelity on Arkham  Previous Bitcoin Sales Have Contributed to the Confusion  The market reaction was also caused by the recent activities of Strategy in terms of monetizing Bitcoin. The Bitcoin Monetization Program of Strategy

09-29Industry

Bitcoin Derivatives See Biggest Drop in a Year

Combined open interest across CME Bitcoin futures and perpetual futures has plunged by roughly 49,000 BTC over the past seven days, marking the biggest weekly decline since October 2025.  This happened very quietly, which is highly unusual.  This time, Bitcoin volatility has remained comparatively contained, liquidations have been modest and perpetual-futures funding rates have cooled.  Peter Brandt Names Stellar (XLM) as Long-Shot Crypto Pick  XRP Headlines Altcoins Ahead of Busy Macro Week, Binances New Listing Live with SpaceX Campaign: Main Crypto News This Morning  CoinGlass data shows total Bitcoin futures open interest at approximately $52.89 billion, with Bitcoin trading near $84,070.  CoinGlass also recorded approximately $56.25 billion in Bitcoin futures trading volume over 24 hours.  CoinGlass showed only about $67.6 million in Bitcoin futures liquidations over the preceding 24 hours in its latest snapshot.  That is tiny relative to Bitcoins roughly $52.9 billion derivatives open-interest base.  There is obviously no deleveraging events that normally produce drops of this magnitude.  Bitcoin has remained relatively stable despite the massive contraction of derivatives.  October 2025 was completely different  Bitcoins last much larger derivatives reset came during the historic October 10 liquidation event.  CoinGlass data at the time showed billions of dollars in open interest disappearing as a violent market decline automatically closed leveraged positions. Back then,

09-29Industry

Morgan Stanley launches Digital Asset Lab to test stablecoins and DeFi

Morgan Stanley has established a Digital Asset Lab to test stablecoins, tokenized financial products and decentralized finance applications within its business.  SummaryThe lab will examine tokenized deposits, digital currencies, money-market funds and DeFi vaults.Morgan Stanley already offers crypto trading through E*TRADE and has launched Bitcoin, Ether and Solana investment products.Its stablecoin reserve fund gives issuers a way to hold backing assets in a government money-market portfolio.  Bloomberg reported on Sep. 29 that the lab is part of Morgan Stanley‘s existing network of innovation labs. Employees can use it to examine blockchain applications without testing them on the bank’s core systems.  Megan Brewer, who leads market innovation and labs at Morgan Stanley, told Bloomberg that the work will cover tokenized deposits, central bank digital currencies, money-market funds and DeFi vaults. Among the questions for the bank is how software could carry out investment strategies around the clock.  The lab adds a research setting to a business that already gives clients several ways to access digital assets. Its tests may cover different parts of a transaction, from the form money takes when it moves to how an investment is recorded or managed.  You might also like:  Morgan Stanley ETF buys $15M Bitcoin during dip  Morgan Stanleys Digital Asset Lab

09-29Industry

André Dragosch: Why Bitcoin's Fair Value Is $197,000

The 10-year Treasury yield is spiking, and Bitwises André Dragosch has a rule of thumb for when that becomes dangerous: 80 basis points in 20 trading days. He explains why the speed of the move matters more than the level, how a stock market correction could force a Fed pivot, and why that pivot could be the last domino before a genuine Bitcoin bull market.  Chapters:  0:00 Operation Choke Point 2.0 and Cryptos Shift to Republicans  0:37 Will Democrats Stop Fighting Bitcoin and Crypto?  1:53 Hunter Biden on Elizabeth Warrens Crypto Stance  2:44 Blockchain in the Age of AI and Bitcoin Going to Zero  3:34 Why Hunter Biden Launched a Meme Token  4:57 Bitcoin for the Unbanked and Cross-Border Payments  5:52 Hunter Biden on Michael Saylor and Strategy  7:50 Crypto Payments for His Art and the Blockchain Art Economy  9:02 Global Bitcoin Adoption and the Meme Economy  11:20 Is Fiat a Sham? Banks, Argentina, and Wall Street  Discover more  Blockchain news subscription  NEWS  Digital Currencies  DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal,

09-29Industry

Bitcoins $84,000 wall gets harder to break as ETF inflows sink to $31 million

US Bitcoin exchange-traded funds drew just $31 million in inflows on Sept. 28 as institutional demand weakened while BTC stalled below a major supply barrier.  Related Asset Bitcoin #1 BTC · $83,002.08 24-hour change: down 0.41% Loading price history… 24H Down 0.41% 7D Down 4.00% 30D Up 5.34%  According to SoSoValue data, BlackRocks iShares Bitcoin Trust (IBIT) led the session with $54.84 million in inflows, adding about 657 Bitcoin and lifting its holdings back above 800,000 BTC for the first time since May 26.  Grayscale‘s Bitcoin Mini Trust (BTC) added another $10.32 million, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $10.90 million in outflows and Grayscales GBTC lost $23.19 million. The remaining products registered no net flows during the session.  Related Company BlackRock American global investment management corporation  The $31.07 million intake extended the positive streak for US spot Bitcoin ETFs to eight trading sessions, but it also marked the weakest day of that run.  Related Product iShares Bitcoin Trust Bitcoin ETF by BlackRock  The trend has deteriorated steadily since Sept. 21, when daily inflows approached $1 billion. Flows declined through the remainder of last week before falling to just $31 million Monday, leaving the latest total about 97% below that peak.  That slowdown contrasts with the

09-29Industry

Bitcoin Price Bounces Back as 13 Moving Averages Flash Green

Bitcoins price reclaimed $84,000 on Tuesday, Sept. 29, climbing approximately 1% over 24 hours as buyers attempted to repair the damage from a retreat off the $87,374 high. With BTC trading between $83,960 and $84,341 during the morning snapshot, the daily moving averages continue to favor the bulls, although shorter timeframes reveal a recovery still wrestling with overhead resistance.  Key TakeawaysBitcoins price reclaimed $84,000 on Sept. 29 after bouncing from the $82,555 local low. At press time, the price stands between $83,960 and $84,341.Market data via the 24-hour timeframe shows 13 moving-average (MA) bullish signals, with bitcoins 10-period SMA the lone bearish reading.Bitcoins price faces resistance at $85,131 and $87,374, while $82,555 remains the key downside threshold.  1-Hour Chart: Buyers Return, but $85,131 Stands in the Way  Bitcoins price on the hourly chart tells quite a story, beginning with the Sept. 17 low near $74,962 and a sharp advance to $87,374 around Sept. 21-22. That rally subsequently ran out of steam, giving way to a multiday decline and another retreat into the upper $82,000s on Sept. 28.  BTC/USD 1-hour chart via Bitstamp on Sept. 29, 2026.  Tuesday‘s rebound toward $84,310 puts buyers back in the driver’s seat around the $84,000 liquidity marker, although the broader

09-29Industry

Quant (QNT) Whales Wake Up After 3 Years and Head Straight for the Exchanges

Quant (QNT) whales that sat idle for more than 3 years have started moving tokens to exchanges. The transfers arrived as QNT climbed 287% over the past week to $266.75.  On-chain data also shows whale transactions on the Quant network reaching a record high. Meanwhile, new wallets flooded in days after The Clearing House chose Quant for its tokenized deposit network.  Sponsored  Sponsored  Quant (QNT) Price Performance Showing the 287% Weekly Rally, Source: BeInCrypto Markets  Follow us on X to get the latest news as it happens  Three-Year Sleepers Send QNT to Exchanges  Lookonchain tracked two wallets that stirred after more than 3 years of inactivity as QNT rallied. The first, 0x6d32, deposited 8,250 QNT worth about $1.88 million into Binance.  The second, 0xd633, moved 34,200 QNT valued at $8.05 million. Of that stash, 0xd633 has already sent 9,000 QNT, or $2.12 million, to Coinbase and Kraken.  At the same time, Santiment counted 645 transactions of at least $100,000 on the Quant network in one day. That marked the highest reading on its chart. Still, the firm urged caution on what the spike means.  “Whale activity confirms that large players are paying attention, but it doesnt tell us whether every whale is buying or selling,” the firm said.  Retail curiosity grew

09-29Industry

Bitgets hack exposes a double standard on stolen funds

THORChain is being asked to block stolen funds. Why isnt the same demand being made of the blockchains carrying them?  Bitget has every reason to pursue the people behind its recent hack and recover the money. The exchange now puts the loss at approximately $387.5 million, and its users deserve restitution. The pressure being applied by Bitget and some inside the industry, however, raises questions about how responsibility gets assigned once stolen money starts moving.  Last week, Bitget CEO Gracy Chen asked THORChain to refuse service to identified attacker addresses. THORChain responded by pointing to Bitcoin, Ethereum and BNB Chain: what responsibility should those networks bear when the same stolen assets pass through them?  Crypto has spent years defending infrastructure that operates without discretionary gatekeepers. After a major theft, some panic and that infrastructure suddenly faces demands to acquire those powers. The industry needs a consistent explanation for where it draws the line.  The same money crossed other networks  According to Bitgets account, the attacker exploited a vulnerability in a third-party security product, obtained internal credentials and submitted fraudulent withdrawal commands. The exchange says its private keys and cold wallets were unaffected.  The assets subsequently travelled through multiple networks and services.It was traced on BNB Chain

09-29Industry

Zano rolls back a month of transactions as team plans to use personal funds for recovery

Zano‘s team says it will draw on the blockchain network’s developer fund, team members personal funds and committed contributors to finance recovery from an emergency rollback. The rollback removed roughly a month of previously confirmed transactions from the recovered Zano chain. The team update gives no funding amount or timetable for payments.  Related Asset Zano #275 ZANO · $5.52 24-hour change: down 6.60% Loading price history… 24H Down 6.60% 7D Down 31.95% 30D Down 24.70%  The team says the network is stable and it is working with partners to verify affected activity. ZANO supply and emission will remain unchanged, it said. The named sources are a funding plan, not a published guarantee that every loss will be covered. Eligibility rules and a claims process have yet to be released.  Zanos emergency release, published Sept. 27, restarted the chain from block 3,833,000, which the release dates to Aug. 26 at 15:50 UTC. Transactions recorded on the previous chain after that point are absent from the recovered chain.  The core team said a Gateway Address vulnerability had allowed unauthorized ZANO and Freedom Dollar, or fUSD, to enter circulation. It reported no compromise of wallet spend keys or ordinary transaction privacy, while a full post-mortem remains pending.

09-29Industry

Will Trump Rename AI? Polymarket Prices a Coin Flip by Tomorrow and 69% by Year-End

Polymarket traders see a 53% chance that President Donald Trump will formally rename artificial intelligence (AI) by Sept. 30. The odds rise to 69% for a year-end deadline.  Trump has pushed to swap “artificial” for “super” since mid-September. One State Department bureau already uses the new wording.  Sponsored  Sponsored  What the Trump Rename AI Bet Requires  The Polymarket contract has drawn about $670,000 in volume. Roughly 91% of it sits on Sept. 30, which trades at 53 cents.  Oct. 31 trades at 63% on only $3,179. Meanwhile, Dec. 31 stands at 69% with nearly $60,000 behind it.  “Trump renames AI by…?” Source: Polymarket  Speeches and posts will not settle the bet. It resolves “Yes” only through an executive order, proclamation, or presidential memorandum. That document must adopt a new federal AI name or direct agencies to use one.  From an X Poll to the UN Podium  Trump called the current term “inaccurate, and very ineloquent” and asked followers to pick a new one. In his poll, “Superior Intelligence” won about 41% of more than 230,000 votes. He later dropped “Supreme Intelligence,” citing its link to the Supreme Court.  Sponsored  Sponsored  At the United Nations (UN) General Assembly on Sept. 22, however, he chose a shorter label.  “From this point forward, all of United States

09-29Industry
1
...
7678
...
1000