The latest in digital assets, markets and regulation.
CryptoQuant data shows Bitcoin exchange reserves fell 1.7% since late September while whale holdings remained above 3 million BTC, suggesting a potential local bottom despite macro headwinds.
Bank of America’s third-quarter profit fell 17% to $6.93 billion after a $1.2 billion U.S. Treasury penalty for failing to report suspicious transactions.
Morgan Stanley beat third-quarter estimates as equities trading revenue surged 41% to $5.8 billion, exceeding forecasts by $909 million despite misses in fixed income and investment banking.
Bitcoin fell below $83,000 after U.S. inflation data showed a 0.6% monthly rise in September, exceeding expectations. The drop reflects ongoing sensitivity to Federal Reserve policy, with markets pricing a 47% chance of further rate hikes before the October 28 announcement.
Sahil Arora launched a Floyd Mayweather meme coin on Fomo, peaking at $1 million before crashing 96%. Arora claims orchestration and seven-figure profits, but Bubblemaps data suggests significantly lower returns. This revival follows past accusations of scams and rug pulls against Arora.
Ledger suspended hardware wallet sales across seven Asian markets amid an investigation into implanted devices stealing recovery phrases. While over $86 million in thefts were traced, Ledger has not verified the total. MediaMarkt Saturn also paused German sales following a separate report.
Turkish authorities detained Hex founder Richard Heart in Istanbul under an Interpol Red Notice issued by Finland for aggravated tax fraud. The arrest follows the dismissal of a separate U.S. SEC lawsuit against Heart, which had alleged over $1 billion in unregistered crypto offerings.
Bitcoin dropped 1.5% to $82,142 after U.S. inflation hit 3.7%, doubling odds of an October Fed rate hike. Rising Treasury yields pressured crypto markets, triggering over $281 million in liquidations.
Ethereum researcher Justin Drake advocates for "bunker mode" to protect assets from potential AI-driven attacks on elliptic curve cryptography. Critics argue that migrating funds offers limited protection if extended public keys are exposed, warning that rushed actions increase scam risks and operational errors.
Bitcoin dropped below $82,000 after September US CPI hit 3.7%, beating expectations due to surging energy costs. Bond yields spiked near 24-year highs, raising odds of a Fed rate hike to 53.7% for October.
Bitcoin treasury firms shift from convertible bonds to perpetual preferred equity to avoid defaults. Mike Treidl of Blue Coin Capital explains how this structure enables deferred payments and creates a second Bitcoin-buying engine if preferreds return to par.
Author Natalie Brunell argues young people misdirect their anger at capitalism, blaming the wrong target. She describes the current financial system as "socialism for the banks" and presents Bitcoin as a necessary equalizer for a generation struggling with housing and wealth accumulation.