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Crypto and fintech investment firm Deus X Capital will wind down operations and begin formal liquidation on Jan. 31, 2027, CoinDesk reported. The decision follows a move by key investors to pursue different investment directions. Deus X Capital launched in October 2023 with $1 billion combining existing investment assets and capital available for new investments. The firm has invested in digital assets, blockchain and fintech, and said it has generated annual returns of 36.5% since its founding. It did not disclose its total assets under management.

An anonymous whale sold 131,421 HYPE worth $11.71 million through over-the-counter trades over the past 10 days, according to ai_9684xtpa.

Sui said via its official X account on Oct. 8 that Circle’s Cross-Chain Transfer Protocol V2 has gone live on the Sui mainnet, enabling users to transfer native USDC between Sui and 29 blockchains. Sui explained that under CCTP V2, USDC is burned on the originating chain and newly minted on the destination chain. The blockchain said developers can build payment and treasury-related services on Sui without separately designing bridge-based infrastructure, while USDC received on Sui can be used immediately within the same inbound transaction. That means deposits, swaps, and payments can be handled in a single transaction. Note: We are participating as an official media partner for Sui Basecamp 2026.

If BTC rises above $84,076, about $567.04 million in short positions on major centralized exchanges could be liquidated, according to CoinGlass data. If it falls below $82,045, about $454.65 million in long positions could face liquidation.

Crypto analyst Crypto Dan said on X the cryptocurrency market appears to be nearing the final stage of a transition into an upcycle. Crypto Dan said that at the bottom of every past downturn cycle, loss and profit ratios relative to supply converged, then widened again as the market shifted into an upcycle. A similar pattern is now being observed, according to the analyst. Crypto Dan added that in past cycle bottoms, Bitcoin traded below its realized price, while this time the correction has been relatively shallow. Even so, the broader picture suggests the market is now in the process of turning into an upcycle, Crypto Dan said.

Greece has drafted a bill to impose a 10% tax on cryptocurrency income and has launched a public consultation process, Reuters reported. Under the draft, annual capital gains from crypto transfers of up to 500 euros ($560) would be exempt from taxation. The bill is scheduled to be submitted to parliament in November. Greek authorities said most investors use overseas platforms, making it difficult to accurately estimate the size of the domestic crypto market. As a result, projected tax revenue from the proposed regime has not yet been calculated.

Sui said in an official blog post that Hashi, its native Bitcoin financial infrastructure, will launch on mainnet later this month after securing commitments for more than $500 million in capital. Hashi is designed to let users keep BTC on the Bitcoin network while using it as collateral through Sui smart contracts. Users can deposit BTC to mint Sui-based hBTC for use across financial applications including lending, borrowing, credit, vaults, and structured products. Sui said the Hashi ecosystem currently includes more than 20 partners, including BitGo, Bullish, Cumberland, FalconX, and Ledger. It added that Anchorage Digital, described as the first U.S. crypto bank, recently joined as a launch partner. Note: We are participating as an official media partner of Sui Basecamp 2026.

The UK tax authority, HMRC, is seeking to expand its power to request information from cryptocurrency service providers, raising concerns over the privacy and personal safety of Bitcoin holders, Forbes reported. According to Forbes, the proposed changes would extend financial institution information notice rules to crypto service providers and update access powers related to computer records and software information. A key concern is that if users’ real names, home addresses and taxpayer identification numbers are linked to BTC wallet addresses, public blockchain data could be used to track past transactions and asset movements over long periods. Forbes said a leak of such information could increase the risk of physical crime targeting large holders. Public consultation on the proposal ended on Sept. 7, local time, and the UK government has not yet decided whether to adopt it.

Crypto analyst Darkfost said on X that Bitcoin demand has improved noticeably in recent sessions, with the recovery especially evident in the spot market. Darkfost said total BTC demand turned positive again at more than 14,000 BTC, while futures market demand remained relatively stable at an average of 32,000 BTC over the past several days. Spot demand was still at negative 17,000 BTC, but that marked a sharp improvement from negative 207,000 BTC on Sept. 20. Darkfost said the recovery in demand despite Bitcoin’s price decline is a positive signal.

An altcoin whale has opened short positions worth a combined $21.86 million in PUMP, SOL and XRP, BlockBeats reported, citing TradingBits data. The positions were showing an unrealized loss of about $12,900. The investor closed an existing long position of 1 billion PUMP, realizing a loss of about $260,000, and then switched to a short position of 1.5 billion PUMP. The short positions currently consist of 1.5 billion PUMP at 5x leverage worth $9.015 million, 75,000 SOL at 20x leverage worth $8.6408 million, and 3 million XRP at 20x leverage worth $4.2096 million.

Ripple, the crypto company behind XRP, is expanding across nearly every part of the industry, from stablecoins to asset custody, and is now moving into Wall Street as well, The Wall Street Journal reported. The outlet said Ripple has recently emerged as a major provider of swap financing for leveraged exchange-traded funds designed to amplify returns tied to specific stocks or indexes. After acquiring Hidden Road last year, which provided prime brokerage services to crypto hedge funds, Ripple rebranded the business as Ripple Prime and is now providing swap financing to several ETF managers, according to the report. Ripple is also working with other investment managers, including hedge funds, as it pushes to broaden the business, the report said.

Franklin Templeton CEO Jenny Johnson said at Token2049 in Singapore that some rival tokenized funds remain limited to putting traditional financial products into digital form, falling short of fully using blockchain’s advantages. Johnson said BENJI, the company’s tokenized fund, manages records of fund ownership directly on a public blockchain, with the blockchain itself serving as the official book of record. That allows returns to be calculated by the second and cuts transaction costs to $1.13 from about $150, Johnson said.

Aaron, co-founder of SUI-based privacy-focused agentic messenger Loqua, unveiled a personalized 'MBTI trading agent' at the Sui Basecamp AI Builder Labs now under way in Singapore. The feature analyzes a user’s investment tendencies and style, sets strategies tailored to those traits, and supports backtesting to simulate returns based on historical data. Loqua said the AI agent is designed to help users build strategies aligned with their investment profiles. Aaron added Loqua plans to launch its in-house Social Prediction and Alpha Calling features later today.

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: 47.17% long, 52.83% short - Binance: 47.2% long, 52.8% short - OKX: 46.62% long, 53.38% short - Bybit: 46.61% long, 53.39% short

Bitwise CEO Hunter Horsley said in a CNBC interview the crypto bear market has ended and Bitcoin could reach a new all-time high next year. Horsley said many sellers had already exited the market during the downturn that has continued since late last year, while institutional participation has expanded and usage and revenue at some crypto platforms have increased. He added investment access through crypto exchange-traded funds and exchange-traded products has also improved from earlier levels.

An anonymous whale’s long position totaling 98,089 ETH, worth about $252.3 million, could face forced liquidation if ETH falls to $2,446.48 and $2,424.47, respectively, according to on-chain analytics firm Lookonchain. ETH was trading at $2,569.74, down 1.85% over the past 24 hours, according to CoinMarketCap.

Jiang Zhuoer, founder of mining pool BTC.top and a figure with Chinese roots, said on X he bought back 75% of his previous Bitcoin holdings when BTC was at $82,789. He said he expects a short-term rebound in BTC as the market holds without further declines and dip-buying demand is coming in. Jiang had previously sold BTC at $86,789 and $84,460.

Tron founder Justin Sun said at Token2049 in Singapore that Tron plans to launch stock tokens in the fourth quarter of this year. Sun said the launch is intended to help Tron users access a range of high-quality assets, including U.S. Treasuries.

Andrew Cuomo, a former New York governor and an OKX director with Chinese roots, said the crypto industry lost Democratic support needed to pass the CLARITY Act by concentrating political donations on Republicans, Cointelegraph reported. Speaking at Token2049 in Singapore, Cuomo said focusing donations on Republicans was bound to trigger Democratic backlash, while passage of the bill requires support from both parties. Cuomo added that the industry should take a more balanced approach to political contributions. Cuomo also said crypto technology can expand access for people who have had difficulty using financial products, aligning it more closely with values long pursued by Democrats.

Tokenization has the potential to lower transaction costs and improve efficiency in financial markets, but its actual growth will depend on regulatory clarity, sufficient liquidity and proper safeguards, the International Monetary Fund said. In Chapter 3 of its October Global Financial Stability Report, the IMF said the future of tokenization depends less on the technology itself than on policies that support adequate market liquidity, trust and safeguards. Its analysis showed more than half of stock-token trades took place outside regular equity market hours, while around 80% were executed in sizes of less than one share, indicating demand for 24-hour trading and fractional investing. At the same time, the IMF said the tokenized market still lacks liquidity and is more volatile than traditional markets. It added that trading is fragmented across multiple platforms, creating price gaps, and warned that if the market grows further, fire sales and liquidity stress could spread across the broader financial system.

Bitcoin fell below $84,000 in a short period, and increased high-leverage short positions, spot ETF outflows, long liquidations and transfers of BTC held by the U.S. government likely added to the downward pressure, according to ABM Crypto. The outlet said four newly created addresses deposited a combined 1 million USDC into Hyperliquid and then opened a 40x leveraged short position worth 148.49 BTC, or $12.5 million. As BTC then plunged sharply, concerns were raised about possible prior knowledge, though no actual link was confirmed. Over the same period, addresses tied to the U.S. government moved 834 BTC, worth $71.56 million, and 40,285 BNB, worth $31.63 million. The BTC was deposited into Coinbase Prime, ABM Crypto said. The outlet added that if BTC fails to quickly recover the $85,000 support level, the correction could extend to below $80,000.

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

South Korea’s National Assembly Research Service said limits on the voting rights of major shareholders in cryptocurrency exchanges could affect constitutional property rights and corporate freedom, and should be assessed by weighing the public interest gained through regulation against the private interests being restricted. The body made the comment in materials on voting-right restrictions for major shareholders of crypto exchanges sent to Democratic Party lawmaker Park Min-kyu, according to Newsis. It also pointed to major jurisdictions including the EU and Singapore, noting they rely on fitness reviews for major shareholders and ex post supervision rather than uniform equity caps.

Yuval Rooz, CEO of Digital Asset, the developer of Canton (CC), argued institutional blockchain adoption should expand to a point where it would be difficult to reverse even if the U.S. regulatory stance shifts after the 2028 presidential election, Cointelegraph reported. Speaking at Token2049 in Singapore, Rooz said widespread service adoption, as seen with Uber and Airbnb, makes government regulation harder. Separately, Binance co-CEO Richard Teng said he still hopes the Clarity Act will pass after it was stalled in a Senate procedural vote in September, adding the bill could help prevent regulatory backtracking and encourage institutional entry into the market. Franklin Templeton CEO Jenny Johnson, however, said the market should not rely solely on the bill, noting the U.S. SEC and CFTC are already reducing regulatory uncertainty.

An anonymous whale whose wallet begins with 0xc3e opened a 400 BTC short position with 40x leverage early today, according to on-chain analyst ai_9684xtpa. The position was valued at $33.13 million, with an entry price of $83,171 and a liquidation price of $86,042.