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Coins.ph, the Philippines’ largest cryptocurrency exchange, denied rumors that its license had been revoked over alleged involvement in laundering funds tied to offshore gambling, CoinDesk reported. The Bangko Sentral ng Pilipinas recently ordered a temporary suspension of InstaPay and PESONet deposit services and QR payment acceptance at DCPay, the peso e-wallet operator used by Coins.ph. The report said the measure was limited to the electronic money issuer payment-processing business and reflected an order to strengthen internal controls, not the exchange’s crypto trading and withdrawal services operated under its VASP license. Coins.ph said customer funds are safe and normal operations continue as a BSP-licensed entity, while strongly rejecting allegations of deliberate involvement with illegal gambling operators.

Alex Thorn, head of research at Galaxy Digital, said on X that more than half of the total BTC supply is held in addresses whose owners have not been identified. Thorn added that despite years of institutional entry into the market and a growing concentration of holdings in centralized structures, a substantial amount of BTC, and possibly a majority, may still be held in self-custodied wallets by individual investors.

More than 80% of cumulative trading volume on Hypercall, an options exchange built on Hyperliquid, has come from S&P 500 index options, CoinDesk reported. Since its launch in June, Hypercall has recorded $640 million in cumulative notional trading volume, while about $47 million of its roughly $49 million in open interest has also been tied to S&P 500 options. Hypercall founder Jake Sylvester said a key advantage is the ability to trade 24 hours a day even when traditional exchanges are closed.

Saifedean Ammous, author of The Bitcoin Standard, said Bitcoin will become less volatile as it matures and eventually surpass gold’s market capitalization. Ammous argued that holding Bitcoin is itself an act of using money as a store of value, adding that volatility stemming from its fixed supply does not hinder its monetization process. The remarks were a rebuttal to criticism from professor Lawrence White, who argued that high volatility caused by a lack of supply elasticity had allowed stablecoins to take the lead in payments.

The Crypto Council for Innovation and the Blockchain Association jointly filed a motion asking a court for an expedited schedule in their challenge to Illinois’ 0.2% digital asset transaction tax law. The tax measure, originally set to take effect in January 2027, has been pushed back to July 1, 2027, under an agreement between the two sides and a stay of enforcement. The industry groups aim to secure a final court ruling finding the law unconstitutional by March 1 to reduce regulatory uncertainty for brokers and users. The groups argue the bill could result in double taxation and likely violates federal communications law, while also seeking to deter similar tax proposals in other states.

U.S. crypto-related stocks erased earlier gains and turned lower in premarket trading. Bitmine (BMNR) was down 1.23%, Circle (CRCL) fell 1.25%, Coinbase (COIN) slipped 0.72%, and Strategy (MSTR) declined 0.28%.

European asset manager CoinShares has launched a stablecoin yield product for corporate clients in partnership with Safe Labs and Railnet, Crypto Briefing reported. The offering lets companies keep custody of their own assets while using Safe wallets to access yield strategies based on DeFi and tokenized real-world assets.

Strategy Chairman Michael Saylor said in an interview with Bloomberg that Bitcoin formed a bottom below $60,000 and is expected to climb back above $100,000.

Binance Alpha announced the addition of DRV.

An early Ethereum investor who bought ETH at around $14 per token nine years ago deposited 6,369 ETH, worth about $15.95 million, into Kraken around 50 minutes ago.

Bitcoin attempted to break above $84,000 but gave back its gains within an hour, slipping to around $83,200, CoinDesk reported. Alex Kuptsikevich, chief market analyst at FXPro, said the cautious tone in the Nasdaq 100 was limiting Bitcoin’s advance as markets stayed on the sidelines ahead of the U.S. consumer price index for September. Kuptsikevich added that a daily close above $84,000 could mark the first signal of a breakout from Bitcoin’s recent trading range.

DeFi protocol Sky has completed its second permanent token burn, destroying 7.37 million SKY tokens, about 2.6 times the 2.86 million burned in the first round. The burn was funded by allocating 5% of Sky Protocol’s monthly net surplus, or Protocol Surplus.

Strive plans to raise the ratio of preferred stock and other externally raised funds to 60% to 70% of its Bitcoin holdings through the issuance of new preferred shares called SATS, Chief Risk Officer Jeff Walton said, according to Bitcoin Treasuries. Walton said the SATS launch would give Strive the highest financing ratio among companies holding Bitcoin and added that he believes the funding structure is a key driver of higher total returns on the balance sheet.

Cryptocurrency exchange Kraken plans to acquire Saldo Bank, which is regulated by the European Union, the Financial Times reported. The deal is expected to be completed in 2027.

Binance has seen the share of XRP withdrawals by whales rise about six times faster than across centralized exchanges overall, The Crypto Basic reported, citing its analysis. The seven-day average of the "whale-retail investor spread," a measure of the relative withdrawal share of whales versus retail investors, climbed 10.5 percentage points to 63.5% on Oct. 13 from 53% over the previous seven days. Over the same period, the comparable reading for centralized exchanges overall rose just 1.7 percentage points to 47.7% from 46%.

Justin Sun, founder of Tron, said on social media that all of Tron’s revenue goes back to the Tron network and TRX stakers. Sun also shared an X post saying Tron generated $2.6 billion in total revenue over the past several years, with nearly 90% of that going to TRX stakers, adding that many people are unaware of the figure.

France’s plan to expand taxation on stablecoins could push investors into regulatory blind spots, Chainalysis warned, according to CoinDesk. Francois Volfot, Chainalysis’ France head, said imposing a 31.4% capital gains tax on regulated stablecoins could drive investors toward unregulated offshore trading channels or DeFi. Volfot added regulated stablecoin transactions are easier for authorities to track and oversee than trades conducted through DeFi or private wallets, and said the move could run counter to efforts to bring crypto trading into the regulatory fold.

Bitcoin has re-entered a dual-demand phase typically seen in bull markets, with spot demand recovering alongside steady growth in futures demand, according to an analysis by on-chain analyst Darkfost. Darkfost said on-chain data showed estimated total demand recently reached 69,000 BTC after two months of contraction. This pattern has frequently appeared during Bitcoin bull markets and has helped provide upside momentum, Darkfost said. The key issue now is the strength of that demand, and its current gradual increase could signal a positive move ahead for BTC, according to the analysis.

On-chain transfers of long-held Bitcoin have become more active again recently, according to a CryptoQuant analysis by contributor nocoffeenobrain. The analyst said the BTC movements do not necessarily signal selling or profit-taking, adding that wallet migration related to hardware wallet provider Ledger could amplify the trend over the next few days.

PancakeSwap’s operating team Kitchen has proposed raising liquidity providers’ share of trading fees to 88% and cutting CAKE’s daily issuance by about 69%, The Defiant reported. Under the proposal, the fee split change would apply to v3 and Infinity liquidity pools across 11 chains, with the remaining 12% allocated to the protocol treasury. CAKE’s daily issuance would be reduced to 7,000 from 22,500. Kitchen estimated liquidity providers could have received about $62 million in additional fees based on 2025 trading volume. For existing Infinity pools, however, where LP fees are fixed, the change would be implemented by lowering total trading fees. The proposal is currently in the community feedback stage and, if approved in a Snapshot vote, would take effect in November and remain in place through late January 2027.

According to CoinNess market monitoring, BTC has risen above $84,000. BTC is trading at $84,007.79 on the Binance USDT market.

Block production on the Arweave (AR) mainnet appears to have stopped for about 30 minutes, according to data from blockchain explorer ViewBlock. The data showed a stretch in which no new blocks were produced on the Arweave network for roughly 30 minutes. The exact cause of the interruption and whether the network has fully resumed normal operations were not immediately confirmed.

Crypto asset manager Hyperithm has decided to give up its virtual asset service provider, or VASP, license, Seoul Economy reported exclusively. The company determined it has been difficult to find a viable profit model as approval for corporate crypto investment remains delayed and legislation on a basic law for digital assets continues to be postponed. Oh Sang-rok, Hyperithm’s CEO, said the company had been unable to launch user-facing services in South Korea after its VASP filing was accepted. Oh added Hyperithm decided to withdraw its renewal filing after reviewing its business plan and is proceeding with the related steps. With Hyperithm set to be removed from the list, the number of South Korean VASPs has fallen to 28 from 42 at the start of last year.

Alex Svanevik, CEO of blockchain analytics platform Nansen, deposited about $1.41 million worth of cryptocurrencies to Coinbase an hour ago, AmberCN reported. The transfer included 382 ETH worth about $957,000, 1 million LDO worth about $423,000, and 14 YFI worth about $33,000. Exchange deposits are generally interpreted as being intended for sale.

Japan’s SBI Holdings said on Oct. 14 it agreed with entertainment company Yoshimoto Kogyo Holdings to establish a joint venture to explore content financing through security tokens, or STs. The venture plans to jointly develop and invest in intellectual property aimed at global markets, while using SBI’s ST infrastructure and on-chain finance expertise to create new funding methods for IP and content. The two companies also plan to pursue content investment and overseas expansion through the 100 billion yen ($844.2 million) SBI Neo Content Fund, which will be created by SBI Group and backed by Yoshimoto Kogyo.