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 9 of 16
StablecoinsBrazil’s crypto licensing bites as bank cut-off moves to 6 NovemberThe promise of crypto licensing is a cleaner market. The risk is that firms waiting on paperwork lose their banks first.6 min read Bitcoin ETFsETF Desk: bitcoin ETF outflows hit $89.8M as IBIT buys aloneBlackRock's IBIT took in $69.9 million on Monday, but Fidelity and ARK redemptions turned the bitcoin ETF complex negative. Ether funds bled for a fifth straight session.1 min read Crypto BankingStablecoin card firm Rain applies to OCC for a national trust bankThe proposed bank would hold client assets, run reserves for stablecoin issuers and issue dollar stablecoins, but take no deposits.2 min read BitcoinCoin Levels 5 Oct: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE, ADABitcoin's third test of $87,000 since Friday failed, but the majors are still trading above their short-term trend lines.6 min read BitcoinBitcoin price fades from near $87K. The range still holdsThe bitcoin price held near $85,650 at 19:00 UTC on Monday, 5 Oct, down about 1% on the day after an overnight push toward $87,000 ran out of buyers.3 min read CFTCCFTC opens comment period on rules for retail crypto transactionsThe CFTC wants written views on a national rulebook for retail crypto transactions, and on a new kind of exchange built only for them.3 min read KrakenSolana tokenized stocks trading concentrates on Raydium and xStocksOne product line, Kraken-owned xStocks, accounts for much of the activity, which makes the market fast-growing but concentrated.3 min read CLARITY ActTable for 185: the TRUMP memecoin gala and a LIBRA dismissalOne presidential token is sending out dinner invitations; another presidential token's US lawsuit has just been sent home. A Sunday look at what political memecoins are selling, and what the courts will and won't do about it.7 min read India cryptoAsia Ten: Korea’s tokenized securities rules, BSP curbs Coins.phThe week's ten most important crypto stories from India and Asia: Korea's draft rules for tokenized stocks and bonds lead, followed by a central bank curb on Coins.ph and an Indian parliamentary panel weighing tighter crypto monitoring.5 min read Crypto MiningMining Ledger: bitcoin difficulty barely moves, miners bank $1.12BBitcoin's mining difficulty moved just 0.03% at block 969,696, the smallest retarget of the year, as September miner revenue reached $1.12 billion. A calm month for miners, and what would end it.5 min read