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U.S. spot Bitcoin ETFs posted a net outflow of $484.9 million on Oct. 7, reversing from a net inflow a day earlier, according to Farside Investors. - BlackRock IBIT: -$207.7 million - Fidelity FBTC: -$105.1 million - Bitwise BITB: -$27.6 million - ARK Invest ARKB: -$101.7 million - VanEck HODL: -$3.5 million - Grayscale GBTC: -$39.3 million

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $78.05 million liquidated (87.5% longs) - ETH: $91.95 million liquidated (88.18% longs) - XRP: $9.98 million liquidated (96.4% longs)

Substantial buy orders have built up in the $79,000-$83,000 range on Binance’s spot BTC order book, and the thickness of that buy wall could help prevent a sharp further drop in Bitcoin’s price, on-chain analyst Murphy said. Murphy said liquidity provided by market makers naturally tilts toward the buy side when prices fall, while traders also place orders at lower levels to wait for entries. When BTC fell to $83,000 on Binance’s spot market, the largest gap in order book depth favored bids by $80 million, Murphy said. Murphy added that the gap between buy-side and sell-side executed volume has been widening during the decline, indicating aggressive buying is increasing while aggressive selling is easing. That suggests traders have not yet turned pessimistic on the market and are instead showing stronger willingness to buy aggressively, according to Murphy.

Cointelegraph denied it is up for sale after CoinDesk cited sources today in reporting that the rival outlet was being sold. In a statement posted on its official X account, Cointelegraph said it was not a sale target and argued the CoinDesk article was based on incorrect information and contained multiple factual errors. Cointelegraph said it welcomes verification and criticism, but would not stay silent when speculation is presented as fact. It also urged CoinDesk to correct the record, clearly acknowledge the errors, and give the correction the same prominence as the original report, while rejecting any quiet edits that make the initial story appear accurate.

A ban on cryptocurrency holdings by regulatory agency staff is an absurd and ridiculous rule, former U.S. Commodity Futures Trading Commission Commissioner Brian Quintenz said at Token2049 in Singapore on Oct. 8, local time. Quintenz said regulators cannot properly understand technology they are not allowed to use. He added the U.S. SEC and CFTC could provide the industry with significant regulatory clarity even without legislation from Congress. Quintenz is currently a director at Nasdaq-listed SUI Group Holdings after leaving the CFTC.

Ethereum founder Vitalik Buterin said on X that for multisig wallets, an ideal safety rule is for each signer to change keys after every action. Buterin added that advances in AI-driven mathematical research could quickly threaten existing cryptographic systems. He said that under the assumption ECDSA could weaken, but not to the point where an attacker could instantly crack a signature, each signer should rotate keys after every action. He added that the time between a signature becoming public and the relevant key no longer being active should be minimized. If possible, multisig signatures should be collected off-chain, Buterin said. He also warned that rushing an upgrade in a misconfigured state could make it easier to lose funds, and said no action should be rushed.

South Korea’s Financial Services Commission Chairman Lee Eog-weon said the contents of the Framework Act on Digital Assets, the second phase of digital-asset legislation, have already been prepared and are in final-stage consultations, Edaily reported. Lee made the remarks at a parliamentary audit by the National Policy Committee in Seoul on Oct. 8 after Democratic Party lawmaker Lee Kang-il said legislation on stablecoins under the digital-asset framework was urgent. Lee said authorities will move quickly to finalize consultations and set the broader direction for the industry and the market. Lee added that policy on stablecoin types and licensing would be managed flexibly while monitoring market conditions, with the goal of keeping pace with global trends while building a safe and robust framework.

Hong Kong-based dollar-pegged stablecoin FDUSD issuer First Digital Group has agreed to merge with Nasdaq-listed special purpose acquisition company CSLM Digital Asset Acquisition Corp III at a $250 million pre-money valuation, Tech in Asia reported. The deal is expected to close in the first half of 2027, subject to regulatory approvals and other conditions, after which a new holding company is expected to list on Nasdaq. FDUSD briefly experienced a 9% depegging event in April 2025 after Justin Sun, founder of Tron (TRX), claimed First Digital was insolvent. First Digital pushed back at the time, saying it held "more than 100%" in reserves.

An anonymous Bitcoin whale address beginning with bc1q4h transferred 4,500 BTC worth about $375.72 million to an external address around six hours ago after four years of dormancy, according to Lookonchain.

A legacy auction management contract tied to MakerDAO, now SKY, was exposed in an attack that drained 200 ETH worth more than $500,000, CertiK said. The blockchain security firm identified the cause as missing access controls on the 0x8804d1de function in the contract’s implementation. According to CertiK, the contract still held four unsettled 50 ETH transactions linked to the March 2020 “Black Thursday” liquidation event, when the assets were won with $0 bids. The attacker then moved the stolen funds to Tornado Cash in 10 ETH increments, CertiK said.

North American crypto mining company Foundry said on X that CEO Mike Colyer will step down after seven years. The company said Colyer will remain at Foundry as a strategic adviser for the next six months to support a smooth transition.

Standard Chartered’s Singapore branch said it plans to offer custody services for select cryptocurrencies to institutional clients. The service will use digital asset custody platform Zodia Custody and will integrate digital asset custody capabilities into the bank’s existing compliance and asset management infrastructure. Zodia Custody currently supports more than 75 cryptocurrencies and tokenized assets.

Kyrgyzstan has shut down its state-backed gold-collateralized stablecoin project, USDKG, less than a year after launch, Asia Today reported. USDKG said in an official X post on Oct. 6 that it had suspended operations under a Kyrgyz government decision. With the project ending, activity on its blockchain network will also stop, and existing token holders can exchange USDKG for fiat currency or Tether (USDT) via email. The Kyrgyz government said the move was not due to a failure of USDKG itself, but was aimed at optimizing state participation in business and improving the efficiency of state-owned asset management.

A Bitcoin address that had been dormant for more than 16 years transferred 100.02 BTC worth $8.55 million out of the wallet, according to Galaxy Research. The BTC had not moved for about 16.2 years after first being received on July 30, 2010, and the transfer was confirmed at Bitcoin block height 970379.

Binance CEO Richard Teng said at Token2049 in Singapore that demand for stock tokens and private market products is significantly high in the crypto market. He added that inefficient information distribution is hindering growth in parts of the private market, while constraints still remain to be resolved.

Bithumb announced the addition of Dagent AI (AIA) and CASHCAT to KRW trading pairs at 5:00 a.m. UTC today.

Grayscale said it has selected BitGo Bank and Trust as an additional custodian for its Hyperliquid staking ETF. According to a filing submitted to the U.S. SEC, BitGo will provide custody and safekeeping services for a portion of the HYPE held by the ETF.

Coinbase has filed its opening brief with the 2nd U.S. Circuit Court of Appeals, asking the court to confirm that authority to regulate prediction markets rests exclusively with the U.S. Commodity Futures Trading Commission, not individual states. Molly Abraham, Coinbase’s vice president of legal, said on X the issue is not whether prediction markets should be regulated, but who should regulate them. Abraham said prediction markets are already regulated under the Commodity Exchange Act and argued the key question is whether oversight should remain with the CFTC, which has supervised derivatives markets for more than 50 years, or with all 50 states acting under their own priorities. Abraham added Congress has already granted that authority to the CFTC and Coinbase is seeking judicial confirmation of that point.

Lee Eog-weon, chairman of South Korea’s Financial Services Commission, said in opening remarks at a National Assembly audit by the National Policy Committee on Oct. 8 that he would work to accelerate legislation aimed at fostering a healthy digital asset ecosystem, Dailian reported. Lee also said authorities are pushing to ease network separation regulations on the premise of maintaining security, as part of efforts to support innovation in the financial sector and strengthen cybersecurity capabilities.

A whale address known as "pinosaur.eth" deposited 9,618 ETH worth $24.58 million into Kraken about six hours ago after holding the assets for about nine years, EmberCN reported. Exchange deposits are generally interpreted as a sign of potential selling. The address previously withdrew 7,459 ETH from Bitfinex in April 2017, when ETH was trading at around $50. If the whale sold the holdings, the realized profit would be estimated at about $24.21 million, or roughly 65 times the initial investment, according to EmberCN.

Cos, founder of blockchain security firm SlowMist, warned users about active phishing sites impersonating the web version of crypto social trading app FOMO. Cos said the phishing sites prompt users to complete a fake bot-verification process, then persuade them to add malicious JavaScript code to the browser’s bookmarks. After victims click the bookmark two or three times, account details from FOMO sessions they had previously logged into are transmitted to the attackers, who can then immediately steal the cryptocurrency held in those accounts. Cos added SlowMist has already obtained related attack samples and wallet addresses linked to the attackers.

ARK Invest, led by Cathie Wood, sold 151,903 shares of Robinhood (HOOD) from its ARK Innovation ETF (ARKK), worth $16.6 million, The Block reported.

Yapı Kredi Crypto, the digital-asset unit of major Turkish bank Yapı Kredi, has adopted trading technology from Web3 corporate platform Integral as it moves to launch a cryptocurrency trading service, Bitcoinist reported. Integral is set to provide Yapı Kredi Crypto with pricing, liquidity aggregation and risk management technology.

Three new whale wallets withdrew 23,456 ETH worth $60.37 million from Coinbase three hours ago, according to ai_9684xtpa. Exchange outflows are typically interpreted as a sign of holding intent.

Crypto investment firm Multicoin Capital deposited an additional 67,500 HYPE worth $5.92 million to Coinbase Prime, according to Onchain Lens. That brought Multicoin Capital’s total HYPE transferred to Coinbase Prime over the past four weeks to 760,580 tokens worth $62.99 million.