THORChain made 63% of its record $3 million September income during the Bitget hack-linked trading surge

THORChain‘s September income surged as Bitget-linked flows drove the protocol’s busiest stretch in more than a year.  Related Asset THORChain #131 RUNE · $0.71 24-hour change: down 1.75% Loading price history… 24H Down 1.75% 7D Down 10.66% 30D Up 46.17%  The cross-chain exchange generated $3.01 million in system income last month, its highest since March 2025, while swap volume climbed to $2.40 billion, the most since June 2025.  Much of that activity was compressed into five days following the Bitget hack. About $1.37 billion, or 57% of Septembers swap volume, crossed THORChain between Sept. 25 and Sept. 29, while the network generated roughly $1.9 million of income during the same period, equivalent to about 63% of the monthly total.  THORChain said the surge coincided with funds linked to the Bitget exploit moving through the network. It explained:  Related Company Bitget Trading platform for crypto products  “Between September 25 and 29, daily volume ran between roughly $190M and $460M as funds linked to the Bitget exploit moved through the network.”  The concentration nevertheless highlights the economic consequences of a position THORChain defended as Bitget sought to limit the movement of stolen funds.  After the exchange was hacked, THORChain rejected calls for selective intervention, arguing that the protocol is decentralized

3 دن پہلےانڈسٹری

These 3 altcoins lose key support, how low can they go?

Chainlink, Cardano and Solana have fallen below or toward key technical levels on Oct. 8, with all three altcoins trading under pressure after recent rallies failed to hold.  Ali Charts said LINK, ADA and SOL were showing separate bearish setups across four-hour and daily charts in his Oct. 7 market analysis. His targets remain conditional technical scenarios, not confirmed price destinations, and each setup depends on whether buyers reclaim the levels that recently failed.  Why these altcoins are under pressure  CoinGecko shows Chainlink near $13.04, down around 4% over 24 hours, with a daily range of $13.03 to $13.51. Its market capitalization stands near $9.76 billion, while 24-hour trading volume is roughly $335 million. LINK is therefore still below the $13.56 level Ali Charts identified as the line that would weaken his bearish head-and-shoulders setup.  The analyst said LINK “appears to be breaking below” the neckline of that pattern on its four-hour chart. If price stays below $13.56, he placed $12.39 as the first downside target and $11.98 as the next level if selling continues. Among the three altcoins, LINK has the clearest two-step downside map from the analysts thread.  2/5 First is $LINK. Chainlink appears to be breaking below the neckline of a head-and-shoulders

3 دن پہلےانڈسٹری

BitMines Ethereum buying spree could end in six weeks

BitMine Immersion Technologies Chairman Tom Lee said the company will stop accumulating Ethereum once its holdings reach 5% of the cryptocurrency‘s supply, capping the strategy that made it ETH’s largest corporate holder.  Related Asset Ethereum #2 ETH · $2,530.20 24-hour change: down 1.48% Loading price history… 24H Down 1.48% 7D Down 6.01% 30D Up 2.36%  Speaking at TOKEN2049 in Singapore, Lee said BitMine was already close to that limit and would not pursue an open-ended accumulation campaign. He said:  “We only need to get another 100,000 ETH to get to 5%.”  Notably, the company is actually slightly closer than Lees rounded estimate suggests. BitMine held 6,016,414 ETH as of Oct. 4, equal to about 4.9% of the 122.1 million ETH supply cited in its latest disclosure.  Related Company BitMine A Bitcoin network company  This means BitMine would need roughly 88,586 ETH to reach 5% of the 122.1 million ETH supply used in its calculations.  At an illustrative ETH price of $2,500, acquiring the remainder could cost roughly $221 million. BitMine reported $643 million in cash and marketable securities, giving it enough disclosed liquidity to cover the gap while retaining most of that liquidity.  BitMine could reach its 5% ceiling within weeks  BitMine‘s latest official purchase rate puts Lee’s 5%

3 دن پہلےانڈسٹری

ESMA gives crypto firms 3 months to drop some stablecoins

The European Securities and Markets Authority has given EU regulators three months to clear remaining exposure at authorized crypto firms to stablecoins that fail to meet MiCA requirements, setting Jan. 8, 2027 as the latest remediation date.  ESMA said on Oct. 8 that crypto-asset service providers authorized under MiCA “should cease providing services related to non-MiCA-compliant stablecoins” to clients in the European Union. The opinion applies to asset-referenced tokens and e-money tokens whose offer or admission to trading does not satisfy MiCA requirements, including applicable exemptions or transitional arrangements.  The deadline does not mean every service must remain available for another three months. ESMA told national regulators to deal with remaining exposure as soon as possible, with three months serving as the outside limit for legacy positions that still need to be cleared.  ESMA now wants all crypto services covered  The Oct. 8 opinion goes beyond ESMAs earlier focus on services that could amount to offering a stablecoin to the public or admitting one to trading.  Under the new approach, national regulators should examine every MiCA-regulated service that could let an EU client obtain, trade, retain or increase exposure to a non-compliant stablecoin. ESMA specifically names operating a trading platform, crypto-to-fiat or crypto-to-crypto exchange, order

3 دن پہلےانڈسٹری

Bitcoins failed breakout reveals a dangerous mix of thin volume and easy profits

Bitcoin has fallen nearly 5% this week as weak trading volume and profit-taking blunt attempts to reclaim $85,000.  Related Asset Bitcoin #1 BTC · $82,232.76 24-hour change: down 1.43% Loading price history… 24H Down 1.43% 7D Down 1.74% 30D Up 4.92%  The largest cryptocurrency traded around $83,100 as of press time, extending a retreat that followed Sundays brief close above the key level. Bitcoin has since failed to sustain that breakout, slipping beneath newly placed sell orders before buyers around $85,000 also gave way.  On-chain data suggests the pullback is unfolding against two related pressures: unusually weak participation and a large pool of recent buyers with profits available to realize.  Combined Bitcoin trading across spot exchanges and US spot exchange-traded funds averaged about $6.8 billion a day over the seven days through Oct. 6, Glassnode said. That was lower than on 90% of trading days since January 2024.  Related Company Glassnode On-chain analytics platform  The weakness persisted even as Bitcoin tried to break resistance. Sundays close above $85,000 came on roughly half the trading volume of a typical Sunday, while no session since Sept. 22 has recorded normal spot volume for its respective day of the week.  At the same time, sellers approaching the market have increasingly

3 دن پہلےانڈسٹری

Samsung integrates USDC to overhaul cross-border remittances for 82 million Galaxy users

Samsung is turning its wallet app into a cross-border payments tool by allowing eligible users to remit $USDC to other wallets and bank accounts starting in the last week of October.  “Sending money abroad should feel as convenient as using the wallet already on your phone,” Woncheol Chai, Samsung Electronics‘ head of its digital-wallet team, said. “We’re bringing $USDC transfers into Samsung Wallet so eligible Galaxy users can get started without installing another app or managing private keys themselves.”  The feature will be available on 82 million Galaxy devices across the United States and will be fully compatible with the Samsung Wallet, which is already used for cards, IDs and boarding passes, Solana said in a statement announcing its partnership with Samsung on Wednesday.  To power the initiative, Solana and Sui will provide the underlying blockchain network support. Coinbase will custody the stablecoin through Coinbase Prime Vault, while Bastion will provide the regulated stablecoin infrastructure.  Through this integration, users will be able to send Circle‘s stablecoin, $USDC, the world’s second-largest dollar-pegged token preferred by institutions for its strong regulatory backing. Use of stablecoins in cross-border transactions has expanded robustly this year due to low transaction costs, according to the IMFs annual report.  Galaxy users can

3 دن پہلے

Vitalik Buterin urges calm as AI raises new fears over Bitcoin and Ethereum cryptography security

Ethereum co-founder Vitalik Buterin warned that AI-driven advances in mathematics could weaken both existing crypto signatures and some post-quantum defenses.  On Oct. 7, Buterin advised crypto holders to reduce exposure where practical but cautioned against rushing funds into new wallets, arguing that migration mistakes pose a more immediate danger than any demonstrated cryptographic break.  He wrote on X:  Related Asset Ethereum ETH · $2,528.77 24-hour change: down 1.49%  “I dont recommend anyone scramble to move their funds to new wallets today. But we should take the risks to cryptography from AI-accelerated math seriously.”  OpenAIs math advances trigger warnings  His comments followed Ethereum researcher Justin Drakes call for the industry to begin preparing for “bunker mode,” including moving assets toward fresh addresses whose public keys have never been exposed onchain.  Drake raised the possibility that advances in artificial intelligence could accelerate mathematical attacks on the elliptic-curve cryptography used by Bitcoin and Ethereum.  The debate intensified after OpenAI published new mathematical results generated by an internal frontier model on Oct. 6, including machine-generated proofs formalized in Lean. OpenAI did not report any attack on blockchain cryptography, and neither Buterin nor Drake pointed to evidence that ECDSA has been practically broken.  Related Company OpenAI AI research and deployment company  Buterins warning extends beyond

3 دن پہلےانڈسٹری

Bitcoin Price Forecast: BTC, Oil and Key Levels

Bitcoin was trading at $82,971 on October 8, down 1.41% over 24 hours. That live reading keeps BTC below $84,000, the level whose loss turned Octobers consolidation into a short-term breakdown. For any Bitcoin price forecast, the question now is whether recent lows can hold while oil and rates push against risk appetite.  Renewed attacks on commercial tankers near the Strait of Hormuz sent Brent crude above $101 a barrel. Bitcoin fell as much as 3.7% to about $83,056.60 on October 7, while crypto liquidations reached $547 million, with leveraged longs taking much of the hit. Roughly $100 billion was wiped from the crypto market amid fears that AI could soon break Bitcoins cryptography.  CRASH: Bitcoin hits a 7-day low as $100,000,000,000 is wiped from crypto amid fears AI could break its cryptography within months. pic.twitter.com/K6cWSWHo8c  — Crypto Rover (@cryptorover) October 8, 2026  Join Coinspeakers $1,000 Prize Drop on BybitBitcoin Price Forecast: Can BTC Price Hold Its Support?  BTCUSDT Chart 1D TradingView  BTC is trading near $83,000 on October 8, down 1.41% over 24 hours after touching a seven-day low around $82,560. The drop follows two failed attempts in late September and early October to break $87,145, the resistance that has capped every push since Bitcoin

3 دن پہلےانڈسٹری

US Bitcoin ETFs shed $485M in biggest daily outflow since June

US spot Bitcoin exchange-traded funds (ETFs) recorded $484.9 million in net outflows on Wednesday, reversing Tuesdays $118.8 million net inflow.  The withdrawals were the largest since June 25, when the funds lost $691.7 million, according to Farside Investors.  Wednesday‘s outflows wiped out the $321.6 million in net inflows recorded over October’s first four trading sessions, leaving Bitcoin ETFs with approximately $163 million in net outflows for the month.  BlackRock‘s iShares Bitcoin Trust (IBIT) led Wednesday’s withdrawals with $207.7 million, followed by Fidelity‘s FBTC with $105.1 million and ARK 21Shares’ ARKB with $101.7 million. IBIT had $122 million in net inflows the day before.  Bitcoin traded near $82,700 on Thursday, down about 2% over the previous 24 hours, according to CoinGecko.  Meanwhile, US spot Ether ETFs recorded $160.9 million in net outflows on Wednesday, extending their losing streak to seven consecutive trading sessions.  Ether funds have shed approximately $569 million since Sept. 29, with BlackRock‘s iShares Ethereum Trust (ETHA) accounting for $116.1 million of Wednesday’s withdrawals. Grayscales Ethereum Trust (ETHE) followed with $25.8 million in outflows, according to Farside Investors.

3 دن پہلےانڈسٹری

Ripple challenges Wall Street banks with leveraged ETF financing push

Ripple has entered the leveraged exchange traded fund financing business through Ripple Prime, providing funding to investment products that seek to deliver multiples of the daily performance of individual stocks and market indexes.  SummaryRipple Prime has entered the leveraged ETF financing market, providing stock swap arrangements traditionally handled by major Wall Street banks.The brokerage is financing a Sandisk leveraged ETF that pays a rate based on overnight bank funding costs plus four percentage points.Ripple entered institutional brokerage through its $1.25 billion Hidden Road acquisition and has since expanded into equity derivatives and financing.Ripple Prime raised $275 million in August to support its U.S. brokerage operations and recently expanded its institutional relationship with Brevan Howard.  According to an Oct. 7 report by the Wall Street Journal, Ripples prime brokerage division is financing leveraged ETFs through arrangements traditionally handled by major banks and securities firms.  One of the funds using the service is the Tradr 2X Long SNDK Daily ETF, which seeks to deliver twice the daily performance of Sandisk shares. The fund pays Ripple a financing rate based on the overnight bank funding benchmark plus four percentage points.  The arrangement allows Ripple to earn financing fees from funds that use derivatives to provide leveraged exposure

3 دن پہلےانڈسٹری
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