Bitcoin Day

A trader on the #Hyperliquid platform who opened a US$5.7 million long position in the NEAR token when it was valued at US$2.35 in September now has approximately US$20 million in unrealized gains. The same account holds short positions of about US$2 million each in #Bitcoin , #ETH , #SOL , #BNB , XRP, ADA, and AVAX. This brings the total to approximately US$14.7 million in bets against the large-cap market.

The founder of cryptocurrency company #Tron , Justin Sun, reported that post-quantum cryptography is now active on the Tron testnet, with the network ready to bring quantum resistance to the mainnet at any time. Tron will be one of the first major layer-1 networks to actively test and prepare defenses against quantum computing on its test networks.

The implementation is already active on the testnet. This allows developers to test digital signatures designed to withstand potential cyberattacks powered by quantum computers without putting the main network at risk. The upgrade has incorporated post-quantum cryptography standards approved or evaluated by organizations such as the US National Institute of Standards and Technology. These include signature schemes such as FN-DSA-512 and ML-DSA-44.

The hardware wallet company Ledger stated that all confirmed cases in last week’s cryptocurrency-draining incident involved devices from the Southeast Asian reseller CryptoBilis. Security audits revealed that some units from this distribution channel contained unauthorized physical modifications capable of intercepting and leaking the recovery phrase during initial setup.

To mitigate supply-chain risks of this kind, it is essential to buy cold wallets directly from the manufacturer’s official website or its verified official stores. Never enter your 24-word recovery phrase on a website, computer application, or mobile phone. A genuine device will only ask you to confirm or enter the words directly on the device’s physical screen.

The #Bitcoin begins the third week of October defending support at US$82,500, avoiding a drop into its previous 2026 macro range of between US$60,000 and US$80,000 ahead of important US inflation data. Wednesday’s US Consumer Price Index (CPI) and Thursday’s Producer Price Index (PPI) data are the main weekly catalysts for volatility in risk assets, with markets placing CPI at 3.7% year over year.

Traditionally, cryptocurrencies, stocks, and gold benefit from lower-than-expected inflation readings, as these reduce the likelihood of the US Fed tightening its policy, allowing capital inflows to strengthen.

💥Multinational banking giant Standard Chartered officially launches custody services for Ripple's stablecoin #RLUSD on the #XRP Ledger.

💥According to Arkham, the founder of the #Tron network, Justin Sun, holds US$2.2 billion on-chain across ten networks, ranking second only behind Bitcoin’s creator, Satoshi Nakamoto

💥Company #Strategy has acquired an additional 250 #Bitcoin , equivalent to more than US$190 million. Strategy holds a total of 848,250 BTC🐳, equivalent to more than US$70.5 billion.

💥Cryptocurrency exchange #Kraken will launch in the United Arab Emirates after receiving full regulatory approval.

#Bancamiga , which now isn't FRIENDLY at all, charges you for every SMS they send you themselves, without the user requesting it. And some people still defend this blatant ROBBERY by the entire national banking sector. #Venezuela

According to CryptoQuant, the latest decline of #Bitcoin has highlighted a historic benchmark level at US$74,500. CryptoQuant compares pullbacks during broad upward phases and points to two buying levels if selling continues: an initial zone for staggered purchases around US$80,000, and another, deeper zone in the US$74,000–US$75,000 range.

Declines of this magnitude are common during Bitcoin bull cycles and often help flush out excessive leverage from the futures market. In highly volatile conditions, many investors opt for scheduled accumulation strategies rather than making one-off investments, thereby reducing the risk of buying at false support.

Businessman and third son of the U.S. president Eric Trump claimed that the cryptocurrency industry is beating major banks around the world, noting that JPMorgan, BlackRock, Schwab, and Fidelity are now embracing cryptocurrencies. In several appearances, Eric has criticized banks for paying savers extremely low interest rates while charging higher rates, pushing users toward alternatives in the crypto ecosystem.

In the context of the Trump family’s business ventures and projects, we can find the DeFi project promoted by the Trump family, which issues the USD1 stablecoin and the WLFI token, as well as a company dedicated to Bitcoin mining and treasury accumulation, in which Eric actively participates by promoting its low operating costs.

According to Glassnode data, approximately 6.2 million of #Bitcoin , or 31.2% of the total supply, are held in addresses with publicly exposed public keys, a considerable increase from the 24.8% recorded in early 2021. Much of this figure is due to address reuse, as well as certain types of scripts and transaction structures in which the public key is revealed once the funds are spent for the first time.

Some of this volume belongs to centralized exchanges and custodial services, where operational practices and address consolidation often involve frequently recycling inputs. The main concern is forward-looking and relates to long-term advances in quantum computing, which could theoretically compromise elliptic-curve cryptography algorithms if an address has already revealed its public key.

💥Argentina’s central bank says banks could be allowed to offer cryptocurrencies in a second Milei term, four years after he banned them from doing so. Misleading campaign promise...😅

The strategy of #BCV and the entire national banking sector is to suck money out of its customers by charging excessive fees for using its platforms, and use that money to finance the economic disaster we’re experiencing right now. The funniest thing about it is that there are economists at #Venezuela who defend these fees, claiming that the poor national banking sector could go bankrupt if it doesn’t impose them.

U.S. spot #Bitcoin ETFs saw outflows of US$244 million on Thursday, bringing two-day outflows to US$731 million. Much of this movement was driven by significant outflows from key funds in the sector, such as Fidelity’s FBTC, while the vast majority of issuers saw redemptions or flat flows, with very few exceptions recording marginal inflows.

This cooling in demand for BTC #ETF coincides with periods of increased volatility and declines in Bitcoin’s price, leading many institutional investors to reduce their exposure or secure short-term liquidity.

The #Sui ecosystem will launch #Hashi this month with US$500 million in capital commitments from more than 20 partners, enabling institutions to borrow against #Bitcoin . Hashi allows BTC to be used as programmable collateral without physically moving it or taking it off its native network. Through a representation system, users and institutions can access liquidity, borrow stablecoins, or interact with decentralized financial products.

To meet the high standards required by banks and large capital providers, Hashi’s smart contracts have undergone formal verification by specialized firms such as Certora, as well as cryptographic audits by CommonPrefix. This move aims to connect Bitcoin’s enormous inactive store of value with Sui’s speed and processing capacity.

JPMorgan analysts estimate that around US$50 billion has flowed into digital assets this year, at an annualized pace of nearly US$66 billion, while stronger ETF flows and futures positions are building momentum heading into the fourth quarter. The US$50 billion figure clearly exceeds levels seen during previous correction periods, signaling a resurgence in sustained institutional flows through regulated financial vehicles.

Exchange-traded products, or ETFs, and derivatives traded on traditional exchanges continue to displace offshore exchanges as the primary channel for attracting institutional capital. Despite the strong inflows, analysts also warn of ongoing selling pressure from miners of #BTC and potential portfolio rebalancing at year-end.

The Polkadot network launched #dotUSD , a decentralized stablecoin governed by the #DOT DAO through OpenGov. Unlike USDT or USDC, dotUSD has no corporate entity or issuing bank behind it. The asset is managed entirely by the network. Decisions about risk parameters, collateral, peg maintenance, and integrations are voted on directly by DOT holders using the OpenGov governance system.

Returns generated from dotUSD fees and overcollateralization can be directed straight to the Polkadot treasury to fund future development. dotUSD minimizes reliance on stablecoin issuers that could be subject to fund freezes or external regulatory pressure.

Europe’s leading digital asset manager, CoinShares, said cryptocurrency fund flows have cooled as investors assess weaker employment, persistent inflation, and US fiscal risk, with long-term Treasury yields at their highest level in more than two decades. While this typically benefits liquidity-sensitive assets such as #Bitcoin , it creates uncertainty about the pace of overall economic growth.

Despite the slowdown in short-term flows, CoinShares notes that if investors begin to view rising long-term yields as a government fiscal sustainability crisis rather than merely a US Fed rate adjustment, BTC could benefit from being perceived as a non-sovereign asset or an alternative store of value.

💥The Ledger for #XRP fixes a critical security flaw that could have allowed attackers to mint unlimited XRP out of thin air.