The brief

Market mood▼ Bearish

AI-assisted A summary of our reporting on this date. Highlighted phrases link to the full story.

Bitcoin broke below Tuesday's low, touching about $80,150, as Seoul stocks sold off, First Print reports.

The EU's banking regulator named USDC the first significant e-money token under MiCA, taking over reserve supervision from 12 November.

Kraken's parent Payward agreed to buy Lithuania's Saldo Bank, which would give it an EU banking licence.

The White House's top crypto adviser, Patrick Witt, has left the President's digital-asset council, with no successor named.

Babylon asked Aave to accept native bitcoin as loan collateral on V4, without wrapping it.

A 1.3% jump in US producer prices, the biggest since 2022, sent bitcoin below $80,000 for the first time since 18 September as Wall Street opened.

Bank-backed Qivalis won a Dutch e-money licence for its planned euro stablecoin, which still needs a MiCA white paper before launch.

US spot bitcoin ETFs lost $261.4 million on CPI day, their worst session since 7 Oct, with BlackRock's IBIT and Fidelity's FBTC both redeeming, Farside data show.

VanEck pulled its filing for a Lido staked-ether ETF, a fund that would have held stETH, a year after first filing it.

Australia's securities regulator proposed custody, trading and capital rules for crypto platforms, with licence applications due by October 2027.

Bitcoin rebounded to about $82,300 after a $79,709 low on the PPI open, with Friday's Deribit expiry still stacked with $78,000 and $80,000 puts.

Mastercard and BVNK launched Global Money Platform, a single API for fiat and stablecoin accounts, cards and payouts, with Nuvei and Marqeta among the first users.

Markets today

Prices from CoinLore, sentiment from Alternative.me
CoinPrice24h7 daysMarket capLatest coverage
BitcoinBTC $82,501.81 1.07% up 0.38% down $1.65T Bitcoin rebounds to $82,300. Friday’s put wall is next
EthereumETH $2,459.90 1.80% up 3.85% down $301B VanEck withdraws Lido staked ether ETF filing a year after S-1
SolanaSOL $105.94 1.38% up 7.60% down $57.5B Solana’s Alpenglow upgrade will replace TowerBFT on 21 Oct
XRPXRP $1.34 0.51% up 4.70% down $80.2B XRP Ledger patched a bug that could have created XRP from nothing
Binance CoinBNB $730.63 0.23% up 4.92% down $102B Coin Levels 9 Oct: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ADA
Total crypto market$2.75T1.24% up
Traded in 24 hours$150B
Share of the market

Bitcoin 60.0%Ether 11.0%Others 29.0%

Fear & Greed Index

53Neutral62 yesterday

Understand the essentials

All guides
What is a MiCA-compliant stablecoin? The EU’s rules, explained GuideWhat is a MiCA-compliant stablecoin? The EU’s rules, explainedUnder MiCA, a stablecoin offered in the EU needs an authorised issuer, full reserves and redemption at par. Here's what that means for you.7 min read What is a quantum attack on bitcoin? Exposed keys, explained GuideWhat is a quantum attack on bitcoin? Exposed keys, explainedQuantum computers can't break bitcoin today. Here's what a future attack would target, why some coins are more exposed than others and what you can do.8 min read What are tokenized stocks? How on-chain shares work and what you own GuideWhat are tokenized stocks? How on-chain shares work and what you ownTokenized stocks are crypto tokens that track a company's shares. Some are real shares recorded on a blockchain; many are a separate product that only follows the price. This guide explains the models, the rules in the US and EU, and what can go wrong.8 min read What are crypto liquidations? How leverage can wipe out a trade GuideWhat are crypto liquidations? How leverage can wipe out a tradeCrypto liquidations happen when an exchange automatically closes a trader's leveraged position because losses have eaten through the collateral, or margin, backing it. The trader loses most or all of that margin. Liquidations are why crypto prices sometimes fall or jump much faster than the news alone would suggest.6 min read What is a crypto custodian? How custody works, and who holds your keys GuideWhat is a crypto custodian? How custody works, and who holds your keysA crypto custodian is a company that safeguards the private keys to digital assets on behalf of clients. This guide explains how custody works, who the main types of custodian are, how the rules differ in the US and EU, and what can go wrong.7 min read What is DeFi lending? How crypto loans work without a bank GuideWhat is DeFi lending? How crypto loans work without a bankDeFi lending lets you lend and borrow crypto through smart contracts instead of a bank. Borrowers lock up more collateral than they borrow, and anyone can liquidate a loan that becomes unsafe.6 min read

The desks

Every beat we cover, newest first

Bitcoin

Coinbase sets out what it wants from bitcoin’s post-quantum upgrade All 82 Bitcoin stories

Ethereum

Interactive Brokers launches Ethereum staking for clients through zerohash All 33 Ethereum stories

Altcoins

Aptos turns on an encrypted mempool that hides transactions until blocks are final All 33 Altcoins stories

Regulation

South Korea blocks 27 unregistered crypto exchange websites, including KuCoin and MEXC All 23 Regulation stories

Markets

Bitcoin Hits $65K As Failed Breakouts And ETF Outflows Drag Market All 8 Markets stories

Institutional

Evernorth closes its SPAC merger with 473M XRP; 80% of public shares redeemed All 13 Institutional stories

Our reporters

All authors

All news

158 articles, page 10 of 16
IranTether in Iran: the digital dollar the central bank wants to rationIran's central bank plans to cut some crypto exchanges off from rial bank accounts and payment gateways, accusing them of manipulating the Tether market. For savers facing 89.8% inflation, the dollar token has become both refuge and target.4 min read Bitcoin ETFsWhy a 3x bitcoin ETF can lose money when bitcoin goes nowhereThe SEC has cleared 3x bitcoin and ether products for listing. Here is the arithmetic that makes them excellent one-day tools and strange long-term companions, with a worked example and September's real numbers.4 min read Crypto BankingTwo SEC commissioners and a one-person quorum: The RulebookHester Peirce's departure leaves the SEC with two commissioners, and a quorum rule amended the same day lets a single commissioner act on some matters. What that means for the crypto agenda, plus the week's other paperwork.4 min read Bitcoin ETFsETF Desk: bitcoin ETFs take $189.9M as ether outflows hit four daysUS spot bitcoin ETFs added a net $189.9 million on Friday, 2 Oct, closing the week $241.1 million in the black. Ether funds shed $37.4 million, their fourth outflow day in a row.2 min read Crypto BankingCommunity bank group ICBA sues OCC over crypto trust bank chartersThe Independent Community Bankers of America has asked a federal court in Washington to strike down the OCC rule and guidance behind a wave of crypto national trust bank charters, and to vacate Protego's conditional approval.3 min read CryptoAnchorage Digital cuts about 17% of staff, The Information reportsCrypto custodian Anchorage Digital has cut about 17% of its workforce, according to The Information, with chief executive Nathan McCauley telling staff this week.2 min read Blockchain GamingPorsche 911 NFT project ends on 1 Oct as floor sits 96% off peakPorsche has wound down its Web3 project and the PIONΞERS CIRCLE holder community, less than four years after a 2023 mint that was cut short. The NFTs stay on-chain; official support does not.2 min read Bitcoin PriceBitcoin price tags $87K on weak payrolls. Then $84K gives wayBitcoin briefly cleared $87,000 after US payrolls missed badly, then reversed below $84,000 as leveraged longs were flushed. The $82,500-$87,400 band now frames the next move.3 min read CryptoAave Labs proposes an Aave Foundation in Cayman to own the brandAave Labs wants a memberless Cayman Islands foundation to take legal title to the Aave trademark, domains and code IP, so the DAO behind a roughly $19 billion lending protocol can own and defend what it paid for.2 min read Bitcoin ETFsSEC clears Cboe listing of 3x bitcoin ETF and 3x ether ETFThe SEC has approved a Cboe BZX rule change to list six triple-leveraged commodity trusts from Volatility Shares, two of them tracking bitcoin and ether futures. Trading still needs effective registration statements.2 min read