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CoinShares said the U.S. consumer price index for September, due this week, is a key variable for Bitcoin’s price. The firm explained, "비트코인과 나스닥 지수의 상관관계가 장기 평균의 약 40% 수준으로 높아지고, 물가연동채권과의 상관관계도 강화되고 있다." CoinShares added Bitcoin could retest $80K if core CPI rises 0.3% from the previous month, as that would lift expectations for a Federal Reserve rate hike in October. If the reading comes in at 0.2% or lower, support would likely build for delaying a rate decision until December.

If U.S. Democrats secure a congressional majority in the midterm elections, congressional investigations into cryptocurrency firms and prediction markets could intensify, Reuters reported. Even if Democrats take the Senate or House, it would be difficult to directly halt President Donald Trump’s financial deregulation policies, but their authority to investigate regulators and related companies would expand significantly, giving them broad power to scrutinize the industry and supervisory agencies. Kevin Edgar, a partner at BakerHostetler and former chief counsel to the U.S. House Financial Services Committee, said everything that occurred during the first two years of the Trump administration could become subject to investigation.

S&P has completed its first onchain derivatives swap transaction on the Canton blockchain, BlockBeats reported. Marex and Chicago-based trading giant DRW participated in the trade.

Sui has recorded its first native quantum-resistant transaction on the devnet, Mysten Labs co-founder Kostas Chalkias said. The update introduced the ML-DSA-65 quantum-resistant signature algorithm to the Sui devnet, allowing validators to verify transactions signed with quantum-resistant keys. The feature is currently limited to the devnet and has not been applied to the testnet or mainnet. As a result, there is no change to the authentication method for existing mainnet accounts.

Federated Hermes is pursuing the issuance of its first on-chain fund shares, which would be issued and managed directly on a blockchain, Crypto Briefing reported. Federated Hermes is a major money market fund manager overseeing about $912 billion in assets. The plan remains in development, and no specific launch timeline has been set.

Strive said it bought an additional 3,311 BTC last week, bringing its total Bitcoin holdings to 32,773 BTC.

Tether said it participated in the seed funding round for EFY Finance, a financial infrastructure company in Latin America. The investment is aimed at expanding institutional adoption of USD₮ and USA₮ and strengthening links between stablecoins and traditional financial systems. Tether plans to support EFY Finance in building stablecoin-based cross-border payments, account services, and crypto custody infrastructure.

CryptoQuant CEO Ki Young Ju said on X that Bitcoin’s bear cycle has ended and the price is expected to either rise or trade sideways over the next 12 to 24 months.

Crypto market maker Jump Trading is entering the market for AI computing resource trading after hiring two co-founders of startup Ito Markets, Bloomberg reported. Jump Trading has hired Afan Mustafá and Alejandro Suma Fernández, the co-founders of Ito Markets, and the pair are set to lead a newly created computing resource trading desk at the firm. Ito Markets specializes in connecting AI startups with computing resources needed for development and business operations, while also facilitating trading in usage rights for those resources.

Citi expects Galaxy Digital to benefit from a rebound in the cryptocurrency market and easing regulatory uncertainty, according to Crypto Briefing. Crypto Briefing said Citi had earlier raised its 12-month Bitcoin price target to $113,000 from $82,000 and its Ethereum target to $3,028 from $2,240 on Sept. 30. The outlook reflects gains of about 40% in Bitcoin and 68% in Ethereum over the previous three months, along with a recovery in investment inflows. Citi also expects cryptocurrency inflows through investment advisers and brokerages to reach about $5 billion over the next 12 months, an outlook it said could be positive for Galaxy Digital.

Wintermute said the crypto market has lost momentum from capital inflows, while equities have maintained their gains on the back of corporate earnings. The firm added that two conditions need to be met for crypto to keep a constructive outlook: stabilization in U.S. Treasury yields and a return to net inflows into spot ETFs. Until those conditions are met, Bitcoin may continue to behave like a high-beta asset that is highly sensitive to stock-market moves, Wintermute said in an analysis containing the English phrase "high-beta asset." The firm also cautioned against chasing rallies in altcoins with weak fundamentals during any rebound. At the same time, Wintermute maintained its longer-term positive view, saying market interest in BTC remains below long-term trend levels and that the current upcycle is still in its early stages, leaving room for further gains. As for key variables this week, Wintermute pointed to the U.S. September Consumer Price Index. The firm said whether higher energy prices spread into core inflation could affect the interest-rate outlook, while earnings reports from financial institutions and AI-related companies will also be key gauges for the stock market and the global economy.

AMC Entertainment CEO Adam Aron urged Robinhood to clarify whether its overseas stock tokenization business will follow U.S. SEC regulatory principles. In a post on X, Aron said Robinhood claims to support the SEC’s new rules on stock tokens in the United States, but has not clearly answered whether it will apply the same principles to its overseas business. Aron added that if Robinhood’s offshore operations do not follow the SEC’s regulatory principles, that could undermine the intent of the rules.

Hyperliquid said its Assistance Fund has cumulatively purchased about 48 million HYPE worth $1.36483 billion. Under Hyperliquid’s operating policy, trading fees allocated to the Assistance Fund are automatically used to buy HYPE, and the HYPE acquired by the fund is permanently burned.

Metaplanet, which has added Bitcoin as a core asset, said it plans to issue $329 million in zero-coupon convertible bonds maturing in 2031 to repay a Bitcoin-backed loan and secure funds for share buybacks.

Jack Yi, founder of crypto investment firm LD Capital, said Bitcoin is finding strong support at $81,000 around its 400-day moving average and predicted a bull market will begin next year. Yi said $81,000 is a key support level where the 400-day moving average sits, adding that Bitcoin has repeatedly rebounded quickly whenever its correction has reached that price range. Yi also said resistance has formed at $84,000 along the 20-day moving average, and a quick break above that level could lead BTC to retest a strong resistance zone at $86,500. Bitcoin remains in a long-term bullish uptrend, Yi said, describing the current decline as a temporary correction within that broader rise and adding that both gains and losses do not unfold all at once. Yi said this is why Yi does not take short positions even while expecting near-term weakness.

Solana-based DeFi aggregator Jupiter has started claims for its third-quarter staking rewards, totaling 50 million JUP, according to Crypto Briefing. The rewards cover the staking period from July through September.

Recent transfers by U.S. government-linked wallets to Coinbase Prime over the past three days were for custody rather than sales, K33 Research said. The wallets deposited 17,733 BTC, worth about $1.48 billion, and 750 WBTC, worth about $62 million. K33 Research said most of the assets, including 12,267 BTC tied to the Bitfinex hack, are managed by custodians, with only about 1,200 BTC estimated to be actually available for sale. Even that potential sellable amount is extremely small relative to the U.S. government’s total holdings of more than $25 billion, suggesting limited impact on the spot market.

Pendle has added support for trading FLHYon, a tokenized version of Franklin Templeton’s high-yield corporate bond exchange-traded fund, Crypto Briefing reported. The token was launched by Franklin Templeton in partnership with ONDO, with Ondo holding the underlying assets to back the token’s value on a one-to-one basis. Cash in transit is also included in the collateral pool to support liquidity.

Blockchain security firm PeckShield said 19 million THEO were minted on Base, then swapped by a hacker for 700.8 ETH and bridged to the Ethereum network. THEO fell 92% over the past 24 hours.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel represents cumulative volume delta, or CVD. - The upper volume heatmap tracks trading volume at each price level. The background becomes brighter when the price stays within a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance. - The lower CVD indicator reflects buy and sell orders by order size. The line for each color rises as buy orders increase in that size band. The yellow line represents orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 48.29% long, 51.71% short - Binance: 48.72% long, 51.28% short - OKX: 49.19% long, 50.81% short - Bybit: 48.94% long, 51.06% short

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $193.19 million liquidated (73.94% longs) - ETH: $178.86 million liquidated (80.26% longs) - SOL: $60.40 million liquidated (93.15% longs)

About four in 10 blockchain projects backed by the South Korean government as part of its push to foster the technology as a future core industry have halted services or shut down, Money Today exclusively reported. Data lawmaker Park Jeong-ha of the ruling Democratic Party obtained from the Korea Internet & Security Agency and others showed that, as of August, 66 of the 113 blockchain support projects carried out from 2018 to 2025 were operating normally. The remaining 47 had either suspended services or gone out of business, accounting for 41.6% of the total. Of the total 108.66 billion won ($79.3 million) in government support, 35.5 billion won ($25.9 million) was allocated to projects that were later halted or shut down.

An anonymous whale transferred 5,170 ETH worth $12.82 million to Tornado Cash about five hours ago, on-chain analyst ai_9684xtpa said. The whale had earlier bought 5,147 ETH at an average price of $1,886.7 on Aug. 12-13, and the transferred holdings were estimated to be sitting on an unrealized profit of about $3.056 million. The purpose of the transfer to Tornado Cash was not identified.

Bitcoin was trading 72% above the average cost basis of long-term holders as of Oct. 13, according to on-chain analyst Axel Adler Jr. Adler said BTC was trading at $83,600, while the average acquisition price for long-term holders stood at $48,600. BTC has not fallen below that cost basis since Jan. 13, 2023, meaning long-term holders have continued to hold unrealized gains, Adler said. The average cost basis peaked at $49,500 on July 30 and has since fallen 1.7%. Since August, the maximum weekly decline in long-term holder supply has been 0.34%, suggesting selling pressure remains moderate. A larger decline rate would indicate accelerating selling, while a return to positive weekly changes would signal that long-term holders are accumulating BTC again, Adler added.