Author: John Smith

U.S. spot Bitcoin funds took in billions of dollars in late September, yet an onchain estimate of demand for coins across the wider market remained negative. The figures measure different things, and their divergence has become central to judging whether the latest rally has enough buyers beyond the fund channel. Summary U.S. spot Bitcoin ETFs drew about $2.39 billion from September 21 through September 25, according to Farside’s daily figures. CryptoQuant’s 30 day apparent spot demand improved from around negative 182,000 BTC on September 24 to negative 101,000 BTC on October 1, but had not turned positive. Fund shares can…

Crypto’s 200 largest assets have gained just 5% since October 2021 even as annual new token supply has fallen from 26.5% to 3.3%, leaving the market roughly 35% below its long term trend, according to crypto market analyst Jamie Coutts. Summary Crypto’s Top 200 has gained just 5% since October 2021 and remains roughly 35% below its long term trend, according to Jamie Coutts. Annual new token supply growth has fallen from 26.5% to 3.3%, while payouts to token holders have risen fivefold. Crypto projects spent approximately $638 million on token buybacks through August 2026, compared with $545 million during…

US government linked wallets have transferred $103 million in Bitcoin and BNB, sending more than $71 million in BTC to Coinbase Prime as the transaction raises questions over whether the assets could be headed for a sale. Summary US government linked wallets transferred 833.6 BTC and 40,285 BNB worth a combined $103 million, according to EmberCN. The $71.56 million in Bitcoin was sent to Coinbase Prime, while the BNB moved through several addresses before reaching 0xBE7…81E. A transfer to Coinbase Prime does not confirm a sale because the platform provides both custody and trading services for US government assets. Previous…

Bitcoin.de has kept most trading suspended after Germany’s financial regulator rejected futurum bank AG’s application for authorization under the European Union’s Markets in Crypto-Assets rules, forcing the platform to pursue a new model using regulated partners. Summary Bitcoin.de trading remains suspended after BaFin rejected futurum bank’s application for MiCA authorization in Germany. Futurum bank can object within one month after formal notification or submit another application later. Bitcoin Group plans regulated German partners for trading and custody, targeting a restart within weeks. Customer assets remain with futurum bank until transfer to another regulated German custodian, company says. Bitcoin Group reported…

A $6 million exploit at an unidentified Base vault has exposed a gap in vulnerability reporting, according to Immunefi’s head of security, with roughly $31.7 million remaining in the vault at the time of the incident briefing. Summary About $6 million in wstETH was taken after a malicious contract gained access to the vault. Seven Safe signers remained unidentified, with no public team response more than 24 hours later. Immunefi’s security chief said approved addresses could take vault assets without putting up collateral. Magalhães said a bug bounty could have caught the flaw, but anonymity complicated whitehat action. Gonçalo Magalhães,…

The UK government has appointed six banks to lead its first digital gilt issuance, with the pilot expected by the first quarter of 2027. Summary Six banks will handle underwriting, investor engagement and distribution for the DIGIT pilot. HSBC’s Orion platform will host the bond within the UK’s Digital Securities Sandbox. Industry executives say digital bonds need connections to cash, custody and existing settlement systems. U.S. and UK authorities are examining common approaches to tokenized securities and settlement. HM Treasury announced on Oct. 6 that Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets will serve as joint lead…

A U.S. lawmaker has introduced legislation that would impose penalties of at least $10,000 on federal candidates who trade prediction market contracts tied to their own elections. Summary Rep. Don Davis has introduced a bill barring federal candidates and certain family members from trading contracts tied to their elections. Violations would carry a $10,000 civil penalty or three times the net financial gain, whichever is higher. The bill arrives after Kalshi suspended Davis’ Republican opponent, Laurie Buckhout, for trading contracts connected to her congressional race. Congress is not expected to take up the proposal before the Nov. 3 midterm elections.…

A legal challenge filed October 2 is putting pressure on how federal regulators have been approving bank charters for crypto companies. The Independent Community Bankers of America (ICBA) is asking a court to throw out the Office of the Comptroller of the Currency’s chartering framework. The case landed in the U.S. District Court for the District of Columbia, with the OCC and Comptroller Jonathan Gould listed as defendants. ICBA’s core legal theory rests on the National Bank Act, which the group says confines trust banks that don’t accept deposits to fiduciary work and activities closely tied to it. In the…

Ripple has expanded its agreement with Brevan Howard, a fund manager overseeing about $35 billion, to provide its funds with multi-asset prime brokerage, clearing, and financing through Ripple Prime. Summary Brevan Howard funds will gain access to brokerage, clearing and financing through Ripple Prime. The agreement extends a relationship that included participation in Ripple’s $500 million investment round. Ripple Prime launched U.S. equity swaps in August after raising $275 million through senior notes. Brevan Howard expects the platform to improve its investment teams’ operations and use of capital. Ripple announced on Oct. 6 that Brevan Howard funds will use its…

Solana price has held near $121 after its September recovery, with positive daily money flow supporting a renewed test of $125 resistance as traders watch whether October can bring a move toward $150. Solana daily chart showed its price at… Source link