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Bitcoin has shown weakness this month as spot ETF net outflows and slower buying by digital asset treasury companies outweighed selling by existing large holders, Galaxy Digital Head of Research Alex Thorn said. Thorn added that annual spot ETF flows still remain in slight net inflow territory.

An attack targeting a vulnerability in wallet recovery seed generation on older Apple software and browsers for Qubic (QU) led to the theft of 294 billion QU, worth about $1.3 million, from 1,404 wallets on Oct. 17. Qubic validators immediately halted the network after the incident. Of the stolen tokens, 87.1% remains locked within the network, while most of the remaining 12.9% that moved خارج the network was frozen on MEXC, curbing circulation of most of the stolen holdings. Qubic said it has fixed the vulnerability and plans to decide later whether to compensate victims.

The altcoin rally that ran from late August to early October is ending quickly, according to an analysis by on-chain analyst Darkfost. Darkfost said more than $814 billion flowed into the altcoin market during that period, supporting the uptrend. More than 90% of altcoins listed on Binance were trading above their 200-day moving averages, but more than $134 billion has flowed back out over the past 15 days amid short-term profit-taking. Darkfost added that while the altcoin market shifts quickly, periods of weak market interest have at times been worth considering for increasing exposure.

Patrick Witt, chief of staff of the White House crypto advisory council, resigned last week, CoinDesk reported. The post remains vacant with no successor and no nomination at this stage, according to the report. CoinDesk said attention in Washington is currently focused on next month’s midterm elections, while the administration is still shaping cryptocurrency policy. Even after a new Congress takes office next year, the White House is expected to need a point of contact for crypto matters, the outlet said. Former White House crypto advisory council chairman Bo Hines and deputy chief of staff Harry Jung had also resigned earlier.

A cross-chain bridge attack on CYS led to about $727,000 in losses after 10 million CYS were illicitly minted, The Block reported. The attacker exploited the CYS bridge on Oct. 17, local time, to mint 10 million CYS on BSC, sold part of the holdings, and transferred about 306.6 ETH to an external address. The CYS Foundation said the incident was limited to the bridge function and did not affect the mainnet. The foundation added that it immediately suspended the bridge and is responding by engaging a security firm, among other measures.

Crypto.com and prediction market Novig filed a lawsuit in federal court against the U.S. state of Missouri over its crackdown on sports prediction markets, The Block reported. The two exchanges argued the Commodity Futures Trading Commission has jurisdiction over prediction markets, making Missouri’s enforcement action inappropriate. Missouri had earlier sent cease-and-desist letters to the two exchanges as well as Kalshi, Polymarket, Robinhood and Underdog, while the other platforms have not yet taken legal action.

Latvia may allow individuals to pay taxes in cryptocurrency as early as next year, CoinDesk reported. Technical work is under way with payment service providers, although the government has not disclosed which cryptocurrencies would be accepted or which payment companies are involved. The move builds on a plan announced in May last year to allow crypto tax payments and tokenize real estate. Latvia’s parliament also passed a bill on Oct. 15 under which taxes would apply to withdrawals from crypto investment accounts only when they exceed deposited amounts.

Major exchanges have seen $115 million worth of futures liquidated in the past hour. In the past 24 hours, $455 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $81,000. BTC is trading at $80,980.47 on the Binance USDT market.

According to CoinNess market monitoring, BTC has risen above $82,000. BTC is trading at $82,015 on the Binance USDT market.

Major exchanges have seen $136 million worth of futures liquidated in the past hour. In the past 24 hours, $242 million worth of futures have been liquidated.

We provide real-time cryptocurrency investment updates around the clock from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Between 3:00 p.m. UTC on Saturday and 10:00 p.m. UTC on Sunday, investment updates are provided only when major issues arise. Note: Overseas economic breaking news remains available at all times on the CoinNess Live app and CoinNess web service.

Franklin Templeton said on X it is hiring for several cryptocurrency-related roles, including head of digital asset product strategy, head of Franklin Crypto capital formation, head of Franklin Crypto private credit, digital audience engagement manager, and VP of business development for crypto markets.

New investors have accumulated about 570,000 BTC since late July despite selling pressure from ETFs, according to Bitfinex. Their average purchase price was about $75,000.

Bulgaria’s fourth-largest lender, Postbank, plans to let customers buy cryptocurrencies, stocks and gold directly through its banking app starting in early 2027, Cointelegraph reported. Postbank became the second Bulgarian bank to introduce the related service this month.

Former Ripple CTO David Schwartz warned users to stay vigilant after spotting a suspicious notification that appeared to come from the SecuX wallet app, according to U.Today. Schwartz said the alert warned of a security vulnerability in the wallet and urged users to enter their recovery phrase. The notification said a critical vulnerability had been found in the SecuX wallet and user funds could be at risk, while also providing a link. Schwartz said tapping the alert opened the app normally, but checking the notification log later showed the link led to a phishing page requesting a 12- or 24-word phrase. A wallet recovery phrase is sensitive information used to restore a wallet and access its assets. Schwartz warned that anyone who obtains that phrase can restore the wallet and drain the funds, urging users never to enter it or share it with others.

Ki Young Ju, CEO of CryptoQuant, said the TRUMP team took in $779 million to $1.16 billion from buyers, while the value of those buyers’ assets fell 97%.

Uniswap recorded about $14.81 million in protocol revenue in September, its highest monthly total on record, Crypto Briefing reported. Robinhood Chain, a layer-two network launched on July 1, accounted for about $7.8 million, or 53% of the total. Whether that growth can continue remains uncertain. In early October, Robinhood Chain’s daily transaction count fell more than 40% from its September peak, and Uniswap’s revenue could also come under pressure if trading activity on the chain slows further, given the concentration of revenue on a single network.

BitTorrent said it has officially completed its brand revamp and finished its regular first-quarter BTT buyback and burn, using 100% of third-quarter revenue from centralized services for the BTT repurchase and permanent burn. The burn totaled about 21.62 trillion BTT, worth roughly $7.6 million at the time. Following the revamp, BitTorrent will operate as a single core brand integrating content distribution, decentralized AI inference computing services, and layer-two infrastructure. The company said it plans to build an integrated service ecosystem spanning Web3 and AI.

A Bank for International Settlements working paper found that higher deposit rates at U.S. banks are associated with slower growth in the market capitalizations of stablecoins such as USDT and USDC. The researchers analyzed weekly data from January 2019 through June 2025 while accounting for Bitcoin prices, U.S. Treasury yields and broader financial conditions. They estimated that when the average bank deposit rate rises by one basis point, the average 10-week stablecoin market cap growth rate slows to around 12% from about 15%. In an estimate that also reflected the effect of banks adjusting deposit rates in response to stablecoin growth, the growth rate slowed to about 6%, although the researchers said that approach has limitations. In both cases, stablecoin market capitalization did not shift into contraction. The relationship between rates and growth was more pronounced for Circle’s USDC than for Tether’s USDT, which the researchers said is consistent with USDC being relatively more closely tied to U.S. users. They added that the sample included only one high-rate period, while the spread of yield-bearing stablecoins and tokenized money market funds could change the results going forward. The paper concluded that banks can exert some influence over the pace of stablecoin adoption through deposit rate policy.

Solana said third-quarter app revenue rose 48% from the previous quarter to $299.1 million, the highest level since the third quarter of 2025. Stock tokens reached $7.1 billion, also a record high. Solana’s spot decentralized exchange trading volume totaled $197.2 billion, while third-quarter transaction throughput hit a record 14.2 billion transactions.

The Arbitrum Foundation announced a 2 million ARB incentive program to expand the USDG stablecoin ecosystem. The Stablecoin Growth Program targets protocols with at least $1 million in stablecoin balances and is designed to encourage participating projects to adopt USDG as a core stablecoin on Arbitrum One. The foundation plans to award up to 200,000 ARB each to the first 10 projects whose 30-day average USDG balance reaches $10 million. Eligible categories include decentralized exchanges, lending and borrowing protocols, yield products and vaults, and payment and settlement protocols. Applicants must already be operating on Arbitrum One or plan to deploy on the network, and must have completed a third-party security audit.

BitMEX co-founder Arthur Hayes said on Luke Martin’s “Convergence” podcast on Oct. 16 that AI model companies such as OpenAI and Anthropic lack profitability and are deploying capital poorly, reiterating his view that a bigger AI bubble could lead to larger future bailouts and lift Bitcoin’s price. Hayes argued the companies are raising funds through debt and equity issuance without generating profits, while continuing to waste capital with implicit backing from the U.S. government. He added that if stress in the AI industry deepens and the government steps in with a rescue, Bitcoin could benefit in that process.

On-chain analyst Darkfost pushed back on Bloomberg’s view that Bitcoin could fall to $10,000 if U.S. stocks drop 20%, saying the scenario is unlikely. Darkfost said a fall to $10,000 from current levels would imply a drop of 92% from Bitcoin’s peak and 87% from its current price. Darkfost added that, in Bitcoin’s history, a decline of more than 92% occurred only once, in 2011, when its market capitalization was just $117 million and it fell 92.9%. With Bitcoin now at a much more mature stage and a market capitalization of $2.45 trillion, Darkfost said such a move is highly unrealistic. Darkfost also said that when the S&P 500 corrected 19.5% in 2018, BTC fell 80% to $3,800, but during a 19% stock-market correction in April 2025, Bitcoin fell only 22%, which showed stronger downside resilience.

TRON ecosystem DeFi protocol JUST DAO said it has completed its fifth JST token buyback and burn, bringing the total number of JST burned to 170,723,144.