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Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background 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 CVD indicator tracks buy and sell orders by order size. The line for each color rises as buy orders increase in that size band. The yellow line represents orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million.

Layer-1 blockchain Sui processed 40,614,180 transactions per second through “Sui tunnels” in a live test at its annual Sui Basecamp conference in Singapore today, breaking the previous TPS record of 6 million TPS. Sui said the result far exceeded its pre-test target of 20 million TPS and also topped the 6 million TPS record set in July. The company said the test was designed to demonstrate the network’s stability and speed under extreme throughput conditions required for AI agents and machine commerce. It described “Sui tunnels” as programmable offchain state and payment channels similar to the Lightning Network’s offchain payment channels, offering high throughput while supporting payments and settlement on the Sui mainnet in a secure and verifiable way. The test was led by Mysten Labs co-founder and Chief Product Officer Adeniyi Abiodun, while blockchain-focused audit firm CertiK handled real-time verification.

On-chain analyst CW said cumulative volume delta data showed the recent Bitcoin decline was marked by notable selling from “purple whales,” or mid-to-large holders placing orders worth $100,000 to $1 million. CW said BTC fell as selling from that group intensified, and flows later showed the same group turning back to buying after the decline. “Red whales,” referring to orders worth $10,000 to $100,000, have also kept buying after BTC fell, while retail investors continue to sell. According to CoinMarketCap, BTC was trading at $83,804, down 2.64%, at the time of writing.

Crypto analyst Gert Van Lagen said XRP could approach $50 if Bitcoin rises to around $450,000 and the XRP/BTC ratio repeats its 2017 surge, according to Finbold. Van Lagen said XRP/BTC rose about 50-fold from current levels in just two months in 2017, and a similar move could put Bitcoin at $450,000 and XRP near $50. Van Lagen also said a bullish breakout from XRP’s long-term symmetrical triangle pattern would imply a target of roughly $45-$50, adding that $50 would correspond to a market capitalization of about $3 trillion and could fit within a typical bull-market move. Finbold added that $50 would be about 33 times XRP’s chart-based level of around $1.5, and said a symmetrical triangle does not guarantee an upside breakout. The outlet assessed the scenario as highly speculative, saying it hinges on a sharp expansion in the broader crypto market and XRP’s market share.

Japan’s Financial Services Agency has published a list of 25 domestic and overseas operators that conducted cryptocurrency exchange business without registration, CoinPost reported. The list includes three Japan-based operators and 22 overseas operators. The most recent addition was Hong Kong-based Izakaya Limited, which operates the crypto trading service IZAKA-YA, according to the report. Bybit Fintech Limited, which operates Bybit, appeared on the list three times, in May 2021, March 2023, and Nov. 2024. Under Japan’s Payment Services Act, operators must register as crypto exchange businesses to provide cryptocurrency trading, exchange, and custody services to residents of Japan.

Japan’s SBI Holdings said it is pursuing a joint venture with crypto infrastructure firm Mesh Connect and financial platform company Money Forward to simplify digital asset purchases, remittances and payment procedures in Japan. The three companies plan to establish the joint venture within this year after signing a final agreement, completing internal procedures and responding to regulators. They are also reviewing whether to develop payment functions using cryptocurrencies and stablecoins, build related connectivity infrastructure, and pursue tokenized asset and digital payment infrastructure services for financial institutions and corporations.

The South Korean won accounts for just under 25% of global fiat-based crypto trading volume, ranking behind the U.S. dollar and euro, according to Unfolded, which cited a recent report from crypto market analytics firm Kaiko. Unfolded said the U.S. dollar held the largest share at 48.7%, while the euro accounted for about 27.58%. It added that South Korea’s crypto market is dominated by fiat-based trading, and that Upbit, the country’s largest exchange, showed high liquidity, with slippage of about 0.005% to 0.02% on a 10 million won market buy order. Unfolded also noted that favorable trading conditions in South Korea and several other countries and regions continue to support steady demand, although changes in South Korea’s crypto regulations and macroeconomic conditions could become key variables going forward.

Crypto hardware wallet maker Ledger announced at Token2049 in Singapore today that it has launched a Bitcoin-backed lending feature for eligible users. Through infrastructure from decentralized lending protocol Morpho, users can post assets including wrapped cbBTC and wBTC as collateral and borrow stablecoins including USDC and USDT.

Dragonfly Capital managing partner Haseeb Qureshi said crypto is needed more by people than by AI agents, contrary to forecasts earlier this year that AI agents would broadly adopt crypto payments. According to ChainCatcher, Qureshi made the remarks while attending the Token2049 conference in Singapore. Qureshi said existing payment networks such as credit cards are already available to AI agents, so crypto is not separately necessary for them. Instead, Qureshi said AI agents could help people use crypto with greater confidence by filtering out mistakes like a bank would. Qureshi also argued that as AI sharply lowers the cost of surveillance and physical attacks increase, crypto and private AI could become a last line of defense for reclaiming privacy against state power.

Bitmine Chairman Tom Lee said at a Token2049 keynote in Singapore today that the company will stop buying more ETH after reaching its target of holding 5% of Ethereum’s total supply, setting the existing accumulation goal as a hard cap. Lee said Bitmine currently holds about 6 million ETH, or roughly 4.9% of total ETH supply, and needs only about 100,000 more ETH to reach the 5% target. Separately, Lee has been sharing Bitmine’s ETH holdings on X, where Lee has referred to the 5% ownership target as the "Alchemy of 5%."

Bitcoin has maintained a $83,000-$87,000 range formed over the past two weeks, keeping intact a stair-step uptrend seen over the past several months, according to a CoinDesk analysis. Vikram Subburaj, CEO of Indian crypto exchange Giottus, said holding $83,000 would mean selling pressure has not been strong enough to push the price back to the previous range of $76,000-$81,500. Subburaj added that if Bitcoin remains consistently below $82,000-$83,000, it could slide to $80,000-$81,500. Meanwhile, Alex Kuptsikevich, chief market analyst at FxPro, identified $84,000 as a support level and said a break below it could lead to a further decline toward $80,000. According to CoinMarketCap, BTC was trading at $83,960.71, down 2.35%.

Jake Chervinsky, CEO of the Hyperliquid Policy Center, said at Digital Asset Summit 2026 Asia in Singapore that all exchanges, including CME Group and Intercontinental Exchange, the parent of the New York Stock Exchange, should adopt public blockchain infrastructure within the next decade to remain competitive. Chervinsky said Hyperliquid is not an exchange but infrastructure that sits a layer below exchanges in the technology stack. Hyperliquid’s vision, Chervinsky said, is to upgrade the technology so the broader financial system uses public blockchains as its base infrastructure. Chervinsky added the on-chain market is likely to enter the U.S. regulatory framework before long, and said public chains and decentralization offer resilience, security and transparency, while lower costs and faster speeds can improve the traditional financial system.

Jito Foundation CEO Brian Smith said JTX, Jito’s in-house trading platform, is set to launch a mobile app this fall, according to The Block. Smith added that JTX will add a new stock trading feature in the coming weeks and may launch perpetual futures this winter. The Jito Foundation had previously announced plans to use fees generated on JTX for JTO buybacks and burns over the next year. According to CoinMarketCap, JTO was trading at $0.5251, down 8.12%.

Kyobo AIM Asset Management, an affiliate of Kyobo Life Insurance, plans to invest about 40 billion won ($30 million) in Evernorth, a U.S. treasury company that manages XRP as a core asset, Minju Sinmun reported. According to the U.S. SEC, Evernorth signed a $30 million convertible bond subscription agreement on Sept. 11 with KyoboAIM Corporate Finance General Private Equity Investment Trust No. 3, with NH Investment & Securities serving as custodian. Separately, Evernorth’s Nasdaq listing schedule has been delayed by four days, and the shares are expected to begin trading around Oct. 12 under the ticker 'XRPN'.

About 60% of Bitcoin supply excluding coins dormant for more than 10 years has remained in profit since August, according to a CryptoQuant analysis by contributor Darkfost. In a post on X, Darkfost said long-dormant holdings should be excluded for a more realistic view of the market because their unrealized gains are large, liquidity is low, and a significant share may have been lost. Darkfost added that more than half of the remaining BTC supply has moved back into profit, but the market still appears far from overheated over the medium to long term. Darkfost also said investors now face a choice between continuing to hold positions kept for nearly a year, taking profits, or exiting with limited losses. Sideways price action around current levels is also natural, Darkfost said, adding that the next move will depend on whether demand or supply takes the upper hand.

The number of stablecoin holder addresses worldwide surpassed 300 million as of the third quarter this year, according to CryptoRank. CryptoRank added that BNB Chain recorded the largest increase among major networks in the third quarter, adding around 13 million stablecoin holder addresses, and also had the highest total holder count among major networks. CELO, TRX, and SOL each added more than 2 million holders as well.

Cardano founder Charles Hoskinson said on X that Midnight (NIGHT) was nowhere to be seen at the Cardano Foundation booth at the ongoing Token2049 event in Singapore, adding that it felt like "Where's Waldo" and arguing the ecosystem's biggest project was not being shown anywhere. Hoskinson added that the Foundation may have chosen not to display Midnight because of its privacy focus. He said the booth was a public asset funded by the Cardano community and represented the Cardano ecosystem, adding that it was backed by community money. The remarks come as parts of the Cardano community have recently raised questions about Hoskinson's responsibility. Hoskinson previously pushed back, saying he was not responsible for sluggish growth in the Cardano ecosystem and did not hold a formal leadership role or a title such as CEO because Cardano is a decentralized network.

Russia’s central bank on Oct. 6 released its first list of registered crypto businesses eligible under a cryptocurrency law that took effect on Sept. 1, Cointelegraph reported. The list includes four exchange operators and five custodians. Sberbank, Russia’s largest bank, was included on the list of approved digital asset custodians. The bank had recently applied to the central bank for a custodian license and said it plans to launch its first cryptocurrency product on Dec. 1. Russian President Vladimir Putin previously signed the new law in August to regulate crypto exchanges, custodians, brokers, and investors.

An index tracking the top 200 cryptocurrencies by market capitalization has risen just 5% since October 2021, Jamie Coutts, a crypto analyst at financial research firm Real Vision, said on X. Coutts said the crypto market has effectively moved sideways for five years. While the index had been on a long-term trend of rising about 35% annually since 2017, it is now sitting 35% below that trendline, Coutts said. Coutts added that the issue was not a lack of demand, but that newly issued coin supply had offset demand. Annual new supply growth has fallen to 3.3% from 26.5%, payouts to coin holders have increased fivefold, and demand is also showing signs of rebounding, according to Coutts, who described the current period as crypto's "payback" era.

Former Coinbase Chief Technology Officer Balaji Srinivasan said at the Token2049 conference in Singapore that Bitcoin could become a reserve currency for Western institutions that need to prove solvency, while individuals could use Zcash (ZEC) as money for financial privacy. Srinivasan added that ZEC could effectively serve as a shield that helps users regain privacy. Srinivasan is also known as an early pioneer in zero-knowledge proof technology.

Binance announced it has completed the process of merging Stargate Finance’s STG token into LayerZero’s ZRO token. The tokens were distributed at a ratio of 0.08634 ZRO for each one STG.

Bithumb announced it will temporarily suspend SEI deposits and withdrawals at 9:00 a.m. UTC on Oct. 8 to support the Sei network upgrade.

Eric Trump, the eldest son of President Donald Trump, said at Token2049 Singapore that the era of paying wages in stablecoins is arriving and that his family businesses are considering the option for payroll. He said the family’s companies, including global hotel operations, employ tens of thousands of workers and are reviewing whether to pay salaries in stablecoins. Eric Trump added that more athletes have recently been seeking to receive contract payments in Bitcoin (BTC), while traditional check payments can take 24 to 36 hours to process and workers want wages deposited into their accounts immediately.

Evernorth Holdings, an XRP treasury company, has pushed back its Nasdaq listing schedule by four days, CoinGape reported. The company is now expected to complete its merger with Armada Acquisition Corporation around Oct. 9, local time, and begin trading on Nasdaq under the ticker XRPN around Oct. 12. The merger had originally been scheduled for Oct. 7, with trading set to begin on Oct. 8.

Two wallets believed to belong to the same whale or institution withdrew 110 million Longxia from KuCoin and Gate, equal to 11% of the token’s total supply, EmberCN reported. The holdings were worth $7.01 million, and Longxia was up more than 40% today. Exchange withdrawals are typically interpreted as a move into holding wallets. Longxia means lobster in Chinese.