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Veteran crypto investor Michael Terpin pushed back on claims that institutional participation in the Bitcoin market has broken Bitcoin’s four-year cycle pattern. In an interview with CoinDesk, Terpin said whales that hold far more Bitcoin than institutional investors still remain in the market, adding that early holders control around five times more Bitcoin than institutions.

Bitcoin Standard Treasury, or BSTR, the Bitcoin accumulation company tied to Adam Back, plans to remain private for the time being, CIO Sean Bill said at the Bitcoin Treasury Conference. Bill added in verbatim English, "again," and said any renewed push to go public would likely require a bull market, while the company is reassessing its structure from the ground up to find the best fit. In July, BSTR was reported to be renegotiating merger terms with special purpose acquisition company Cantor Equity Partners, or CEPO.

Goldman Sachs plans to offer its roughly $100 billion Treasury fund FTIXX to institutional crypto firms through Lynq, an institutional digital asset settlement platform, according to CoinDesk. CoinDesk said FTIXX will be the first external fund available on Lynq, giving institutional crypto companies a new way to access a traditional Treasury fund. Trades will be handled by U.S. SEC-registered broker-dealer tZERO Securities. The outlet added that, instead of creating a tokenized version of the Treasury fund, Goldman Sachs chose to make it available to institutional crypto firms through Lynq.

Bitget said it is strengthening its security framework after a recent security incident, according to Wu Blockchain. The exchange said it has overhauled access permissions for highly sensitive systems and applied multi-step approval procedures to critical tasks. Bitget added it plans to require all withdrawal requests to undergo an independent verification process and will temporarily suspend the use of external security functions tied to the incident until recovery work is complete. The exchange also said it has revoked all existing internal system credentials and reissued new ones.

The U.S. SEC has updated its crypto FAQ on token buybacks, according to Crypto in America host Eleanor Terrett. The update newly adds that if there is no central party leading a token buyback, it is less likely to qualify as an investment contract. Last week, a16z Crypto head of policy and general counsel Miles Jennings pointed to the previous wording, reproducing the English phrase "central party" and saying there could be room to ensure that an issuer’s announcement of a buyback program would not by itself establish an investment contract.

Crypto industry super PAC Defend American Jobs has spent $11.4 million on ads backing Republican Jon Husted and opposing Democrat Sherrod Brown in Ohio’s U.S. Senate race, according to a filing with the U.S. Federal Election Commission cited by Cointelegraph. Defend American Jobs is affiliated with Fairshake, Cointelegraph reported. Fairshake had previously said it planned to commit an initial $30 million to the election. Brown previously served as chairman of the Senate Banking Committee and has been critical of major crypto legislation in Congress.

Crypto-friendly U.S. SEC Commissioner Hester Peirce said she still regrets not trying earlier to establish cryptocurrency regulatory policy, The Block reported in an interview ahead of her scheduled departure on Oct. 2. Peirce said the U.S. crypto industry lost a great deal while being tied up in unnecessary regulatory and enforcement battles. She added that it would have been better if both regulators and the industry had directed that energy toward building a sound regulatory framework that better protects investors and developers, which in turn would have created a harsher environment for people seeking to exploit the crypto label for abuse. While the regret remains, Peirce said the experience will serve as an important lesson by showing how long the effects can last, and how many people can be harmed, when policy moves in the wrong direction for an extended period. Peirce also said there are fundamental issues the government needs to address, particularly making developers feel protected. She said developers should be able to focus on research without fearing liability if someone misuses tools they create for illegal activity. Peirce added policymakers should also consider how new cryptocurrency technology can be developed and applied while protecting Americans' personal data more efficiently and effectively, and said she regrets she will no longer be able to take part in those efforts. After nearly nine years at the SEC, Peirce is set to join Regent University School of Law as an associate professor in November.

Ether.fi, Ethereum’s largest liquid restaking protocol, is effectively exiting its EigenLayer-based restaking business after removing the feature from weETH in August and planning to remove EigenPod withdrawal credentials by year-end, according to CoinDesk. Restaked assets now account for less than 1% of the total. Ether.fi CEO Mike Silagadze said the company decided to withdraw because meaningful return opportunities in restaking had disappeared while risks for stakers remained.

Ondo Finance’s RWA-based perpetual futures exchange Ondo Perps announced support for spot trading in 12 stock and ETF tokens. Eligible users outside the U.S. can buy the tokens with USDC and use them as collateral for perpetual futures positions. Ondo Perps will waive spot trading fees for the first 30 days after launch.

BlackRock withdrew 1,150 BTC ($95.43 million) and 11,800 ETH ($31.52 million) from Coinbase Prime, according to Onchain Lens. As Coinbase Prime is a prime brokerage platform that provides trading, custody and financing services for institutional investors, the assets may also be intended for uses other than direct investment.

According to CoinNess market monitoring, BTC has risen above $84,000. BTC is trading at $84,040.48 on the Binance USDT market.

Polymarket announced the launch of “Up/Down” trading in its U.S. app, allowing users to bet on whether BTC will finish each 15-minute interval above or below its starting price. The product is a prediction market contract tied to price direction rather than standard BTC spot or futures trading.

Crypto trader Ali said Ethereum appears to be forming a bullish trend on short-term charts. Ali said the current pattern would remain tilted to the upside as long as $2,640 holds as support, adding that the market is now focused on $2,700. If Ethereum closes above $2,700 on the hourly chart, an upside breakout could be confirmed, leaving room for a further advance toward a test of $3,000.

Macroeconomic analyst Jordi Visser said in an interview that everyone is underestimating the explosive impact artificial intelligence has on Bitcoin and the broader cryptocurrency ecosystem, according to BitcoinTreasuries. BitcoinTreasuries said Visser also argued that JPMorgan CEO Jamie Dimon will turn bullish not because he wants to, but because he will have no choice.

Altcoin trading volume in the crypto spot market has risen, pushing total spot volume to around four times that of BTC, the highest level since September 2025, according to Glassnode. Glassnode said this kind of shift by investors into altcoins, which carry higher risk than BTC, has often coincided with the formation of short-term tops in Bitcoin.

Eighty-one percent of companies have allocated budget this year to build digital asset infrastructure, according to a survey conducted by Fireblocks. Among all institutions surveyed, 53% are investing more than $1 million annually, but only 16% have built services through to the operational stage. The share of companies that have already launched tokenized-asset-related services stood at 11%. Respondents cited a shortage of specialized talent and integration issues with existing systems, rather than regulation, as the main barriers to adoption. The survey was conducted in January.

Open interest in the cryptocurrency perpetual futures market has climbed to nearly $160 billion, the highest level in about 11 months since late October last year, according to Unfolded. The increase in open interest indicates that the volume of unsettled futures positions has expanded, pointing to higher leverage and stronger participation in the derivatives market.

After the U.S. Senate Permanent Subcommittee on Investigations said 84% of crypto wallets tied to Iran and sanctioned by the U.S. and Israel processed all or nearly all transactions in Tether, Tether pushed back, saying it froze about $550 million worth of Iran-linked USDT in 2026. Tether said it has worked with U.S. and international law enforcement authorities to comply with relevant regulations and also cooperated with the economic sanctions Treasury Secretary Scott Bessent recently imposed on Iran. Tether added it has consistently shown USDT is not a safe haven for sanctioned actors, terrorist groups, or criminal networks, and stressed that U.S. authorities including the Department of Justice, the FBI, the Secret Service, Homeland Security Investigations, and the Treasury Department's Office of Foreign Assets Control have repeatedly acknowledged its role in major law enforcement operations.

Ledger CTO Charles Guillemet challenged an analysis suggesting only about 30% of Bitcoin is exposed to quantum-computing attack risk, stressing that public keys can be exposed through xpubs, devices, PSBTs, logs and backups, not just through spent on-chain outputs. Citing Glassnode data, Guillemet said about 30.2% of BTC has exposed spent public keys on-chain, but added that public keys are also revealed during BTC transfers before transactions are confirmed. Guillemet emphasized that if sufficiently fast quantum computers emerge, hiding public keys alone would not be enough and Bitcoin would ultimately need to transition to a quantum-resistant cryptographic system.

U.S. Sen. Richard Blumenthal, the top Democrat on the Senate Permanent Subcommittee on Investigations, urged an immediate investigation into Tether and accountability for potential sanctions violations involving Iran after 84% of crypto wallets tied to Iran and sanctioned by the U.S. and Israel were found to have handled all or nearly all transactions in Tether’s USDT. Blumenthal said Tether and USDT had become central to Iran’s shadow financial system and argued the Trump administration’s apparent failure to properly oversee crypto issuers had undermined U.S. national security interests. For that reason, Blumenthal said the Treasury Department and Justice Department should immediately investigate Tether and pursue accountability over potential Iran-related sanctions violations.

The UK Financial Conduct Authority has secured a court order requiring two men behind a fake cryptocurrency investment scheme to return a total of 851,402 pounds ($1.13 million) to victims, The Block reported. At least 65 investors lost a combined 1.54 million pounds ($2.04 million) in the scam, and the repayment amount is about half of the total losses.

On-chain trading platform Blackboard said it will hold a launch reception with Aster on Oct. 1 and host a session on why Web3 is drawing strong interest in trading card games, or TCGs. Panelists will include Web3 community leader Dojin Lee, Web3Stat DAO founder Moon Yoo and Arkstar Bluenode Society Chairman, who will discuss the collectible card game boom and its potential convergence with Web3. Blackboard also plans to unveil an implementation case for a TCG on-chain gacha trading service integrated with the Collector Crypt protocol, along with its longer-term vision for the service.

Anchorage Digital has introduced conditional rule features for vault policies used by institutional clients, allowing administrators to set detailed conditions for asset movements, Crypto Briefing reported. Administrators can block withdrawals by default and permit transfers only to preapproved addresses, while similar conditions can also be applied to staking and governance activities. Policy changes require approval from multiple authorized parties and iOS biometric authentication.

Circle said it is partnering with Volante Technologies to expand support for stablecoin payments and settlement at financial institutions. Volante plans to add USDC issuance and redemption, recipient wallet registration, funding, and wallet-to-wallet payments to its AI-based payments platform, allowing banks to test USDC-based payments within their existing payment infrastructure without building separate digital-asset systems.

A Cointelegraph Research backtest using 2015-2025 data found that a traditional 60/40 stock-and-bond portfolio posted an annual return of 8.96%, while a portfolio with a 5% BTC allocation delivered 16.39% annually.