Live Feed

Bitcoin has moved back above its true market mean, or the average cost basis of actively trading investors, re-entering a bullish phase, according to on-chain analytics firm Glassnode. In a post on X, Glassnode said the next price level to clear is around $80,421, the average purchase price of corporate Bitcoin treasury companies. Above that is the U.S. spot Bitcoin ETF cost basis near $85,638. A related chart showed the true market mean at $76,660, the corporate treasury company cost basis at $80,421 and the ETF cost basis at $85,638.

Evernorth Holdings, a company focused on accumulating XRP as a corporate strategy, has secured a $30 million convertible note investment from NH Investment & Securities, The Block reported. The investment is contingent on the completion of Evernorth’s merger with a SPAC, and the proceeds are set to be used across the company’s operations, including XRP purchases. An S-4 registration statement Evernorth filed with the U.S. SEC in connection with the SPAC merger became effective in August. Once the merger is completed, Evernorth is expected to trade on Nasdaq under the ticker XRPN.

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

Authorities in the UAE and Sweden arrested seven people tied to an international money-laundering ring involving about $7.1 million, Decrypt reported. The suspects are accused of moving and concealing 70 million Swedish kronor in criminal proceeds through cryptocurrencies over about 10 months. Investigators said tracing the crypto transactions also indicated the funds were linked to other criminal activity, including organized crime and contract killings.

South Korean exchange Upbit announced it will temporarily suspend Scroll (SCR) deposits and withdrawals at 12:00 a.m. UTC on Sept. 22 for the token’s network upgrade.

South Korean exchange Upbit announced it will temporarily suspend LUNA2 withdrawals at 11:00 a.m. UTC on Sept. 21 for a network upgrade.

South Korean exchange Upbit announced it will temporarily suspend withdrawals of LUNA2 and assets on the Terra network starting at 11:00 a.m. UTC on Sept. 21 to support a LUNA2 network upgrade.

A wallet linked to BitForex founder Garrett Jin sold all 35,000 ETH, worth $87.5 million, at $2,500 per token after withdrawing the funds from Binance yesterday, according to EmberCN. Jin has faced allegations of profiting from insider trading ahead of last October’s record forced-liquidation event. EmberCN said the address added part of the sale proceeds as margin for a ZEC short position that is carrying about $30 million in unrealized losses. The move raised the position’s liquidation price to $4,738 from $2,631.

OpenAI’s next-generation GPT-6 Astra decoded a 1941 German military Enigma message, but that does not mean modern cryptography used in Bitcoin wallets has been broken, according to BeInCrypto. Carter Leffen, who oversees product development and operations at Bloomberg, narrowed the search using the recovered place name Rosenow from the message and decrypted the ciphertext after testing 14.8 million keys over about 10 hours, the report said. The report added that Enigma was a 1930s-era cipher system, making it structurally and technically very different from the modern cryptography used in BTC security.

South Korean exchange Upbit announced it will suspend cryptocurrency deposits and withdrawals of more than 1 million won ($740) involving Coredax starting at 4:00 a.m. UTC on Oct. 6. Upbit said the move follows the suspension of Coredax’s use of a Travel Rule compliance solution service, making transfers above that threshold unavailable. The exchange added the measure was based on a risk assessment, and such transfers will also be excluded from manual deposit approval through proof-of-deposit submissions.

ZachXBT, a widely followed on-chain analyst, raised questions about fund flows linked to RaidParty, an Ethereum gaming project facing fraud allegations involving about $70 million. ZachXBT said an address tied to user @7zarc received 4,870 ETH, worth about $15 million, from funds linked to RaidParty and then transferred the assets to multiple exchanges. The user had been inactive since 2022 before resurfacing in September 2026 and has not publicly responded to the allegations.

Bitcoin may have already formed the bottom of this cycle after one round of investor capitulation when it fell to around $60,000 in February and another near $58,000 in June and July following months of sideways trading, Checkonchain founder James Check said, according to Cointelegraph. Check said roughly $300 billion worth of Bitcoin was concentrated in the $58,000-$70,000 cost-basis range for buyers, and about 4 million BTC later shifted from unrealized losses into profit. He stressed that investor cost basis, profit-and-loss conditions, and accumulation and selling by long-term holders matter more than a four-year cycle.

Binance said it will continue pursuing a license under the EU’s Markets in Crypto-Assets regulation, Cointelegraph reported. Earlier, The Wall Street Journal reported Christine Lagarde, president of the European Central Bank, had asked Greek Prime Minister Sanae Takaichi not to approve Binance’s MiCA license application. Responding to that report, Binance said it would not comment on speculative coverage and is seeking a MiCA license to operate in Europe over the long term in compliance with regulations. Binance had previously said in June it withdrew its application in Greece and would pursue authorization in another EU member state.

The U.S. Federal Reserve raised its benchmark rate by 25 basis points to 3.75%-4.00% on Sept. 16, but DeFi stablecoin deposit yields may not rise in tandem, CryptoSlate said in an analysis. On the same date, the one-year U.S. Treasury yield climbed to 4.45%, raising the benchmark for comparing returns on crypto deposits. According to CoinMetrics, Aave’s USDC deposit yield this year averaged 31 basis points below the one-year U.S. Treasury yield and trailed it during 78% of the period surveyed. Anthony DiMartino, co-founder of Sentora, said the correlation between SOFR, a U.S. short-term interest rate benchmark, and CDOR, an on-chain borrowing rate indicator, is very low, indicating the Fed’s rate hike is unlikely to significantly push up on-chain rates. DiMartino added DeFi deposit yields are driven more by lending demand in the crypto market and deleveraging than by monetary policy.

U.S. asset manager Rex Shares is launching ASSX, a leveraged ETF designed to deliver twice the daily return of Strive (ASST), a Bitcoin treasury company, BitcoinTreasuries.net reported. The product aims to track two times ASST’s daily share-price moves.

South Korean exchange Bithumb said it will delist Gala (GALA) at 6:00 a.m. UTC on Oct. 19 after concluding the token no longer met its listing support standards. Bithumb said materials submitted by the foundation were not sufficient to resolve the issues behind the trading warning designation, and that a broader review of timely disclosures on key virtual-asset matters, as well as the transparency and reasonableness of procedures for changing important matters, found the token did not satisfy the criteria for continued trading support. Separately, South Korean exchange Coinone announced an extension of Gala’s delisting watchlist designation today.

Crypto analyst Murphy (@Murphychen888) said Bitcoin is unlikely to reenter a bear market immediately even if the U.S. Federal Reserve begins raising interest rates. Murphy said past cases suggest the pace of tightening, rather than the fact of rate hikes itself, and the structure of BTC holdings are the key factors shaping market direction. During the Fed’s total 425-basis-point rate hikes in 2022, BTC fell from about $41,000 at the time of the first hike to $15,800. In 2023, by contrast, BTC rose from $16,500 to $42,000 even as rates were raised four times by 25 basis points each, Murphy said. Murphy added that Bitcoin’s current structure looks more similar to early 2023 than to the period of the first rate hike in 2022, as the asset has spent about six months forming a bottom range and gone through repeated capitulation, with a substantial reshuffling of holdings.

Billionaire investor Kevin O'Leary said adoption of blockchain by major stock exchanges would mark a turning point for the crypto industry. According to The Block, O'Leary said he has recently been investing in new cryptocurrencies and is watching which blockchains companies across industries choose going forward, while Ethereum has not secured large-scale adoption cases over the past year.

Samsung Electronics is hiring a senior manager to lead stablecoin payment partnership development for Samsung Wallet, according to a Workday job posting. The role involves developing partnerships with card issuers, payment companies, fintech firms, stablecoin providers and buy now, pay later companies to expand Samsung Wallet usage, improve customer retention and drive monetization. Samsung Electronics had previously said it plans to introduce stablecoin account opening, cross-border remittances and payment functions for Samsung Wallet in some countries within this year.

Binance announced support for the merger of the STG token into ZRO. As part of the process, Binance will delist all STG spot trading pairs, including STG/USDT, at 3:00 a.m. UTC on Oct. 6 and will automatically cancel all pending spot orders.

If BTC falls below $75,629, about $1.19 billion in long positions on major centralized exchanges could be liquidated, according to Coinglass. A move above $78,417 could trigger the liquidation of about $387.45 million in short positions.

Japanese police announced, in coordination with multinational investigative agencies including those in the U.S., that a North Korean cyber group known as WaterPlum was found to have stolen large amounts of crypto assets worldwide by posing as headhunters. According to KBS News, Japan’s National Police Agency said WaterPlum siphoned off 1.7 billion yen ($11.5 million) in crypto assets in 7,000 cases across more than 100 countries and regions, including Japan, from December through July.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,030.26 on the Binance USDT market.

Global meme coin-focused layer-one project Memecore (M) said on X that Hyundai Motor will take part in its MAGICORE event this month. Memecore said Hyundai plans to present its "Progress for Humanity" vision at the event.

South Korean exchange Bithumb announced it has placed D, the token of Dar Open Network, and HOOK, the token of Hooked Protocol, on its delisting watchlist. The exchange said the designation followed a comprehensive review of each project’s business status and key initiatives, and it determined that the tokens lacked utility or showed weak business performance in multiple areas.