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South Korean exchange Upbit announced it will temporarily suspend LUNA2 withdrawals from 2:00 p.m. UTC today to support the network upgrade.

Crypto analyst Willy Woo argued that comparing Bitcoin self-custody to “becoming your own bank” is inaccurate. In a post on X, Woo said that when people deposit money at a bank, ownership of those funds shifts to the bank, while depositors retain only the right to get their money back as long as the bank remains solvent. By contrast, he said, directly holding BTC means the owner never transfers ownership in the first place. After an X user identified as Felix criticized Woo for having sold out to ETFs, Woo responded with self-deprecating frustration, saying he now appeared set to be attacked by another hardline BTC supporter.

Spiko, a tokenized money market fund platform, has raised $90 million in Series B funding, Crypto Briefing reported. The round was led by New Enterprise Associates, or NEA, with participation from Index Ventures and White Star Capital. Spiko’s cumulative funding now stands at around $120 million. The company plans to use the proceeds to expand its operations in Europe and the U.S. and to develop tokenized products.

Bitcoin long-term holders' supply has declined for seven straight weeks, but market demand has been absorbing the selling, according to an analysis by on-chain analyst Axel Adler Jr. Adler said the LTH position change indicator turned negative on Aug. 17 and reached negative 73,400 BTC on Sept. 28. Over the same period, LTH SOPR, an indicator showing whether held BTC was sold at a profit, stood at 1.18, indicating the moved BTC was realized at an average profit of 18% versus its purchase price. He said long-term holders have been taking profits during the uptrend, while the market has so far absorbed the selling pressure sufficiently.

Bithumb announced it will temporarily suspend deposits and withdrawals of Ronin (RON) at 9:00 a.m. UTC on Oct. 7 to support a Ronin network upgrade.

A South Korean court has ruled that even if a crypto exchange shuts down trading operations, continuing to hold and manage customers’ unreturned digital assets still qualifies as virtual asset business activity under the country’s Special Financial Transactions Act. According to Digital Asset, the Seoul Administrative Court dismissed CPLabs’ lawsuit on Oct. 1 seeking to revoke a corrective order imposed by South Korea’s Financial Services Commission. CPLabs argued it was no longer a virtual asset business operator because it had already ended its exchange operations, but the court found that managing and safeguarding digital assets as part of liquidation and remaining administrative work also constituted business activity.

An anonymous wallet withdrew 8,088 AAVE from Coinbase and then deposited the full amount into FalconX, according to Onchain Lens. The tokens were worth about $1.46 million. Exchange deposits are typically interpreted as a sign of intent to sell.

Ondo Finance said it plans to launch Ondo Private Markets, a product that gives investors indirect exposure to private companies. Its first offering, aimed at artificial intelligence companies preparing for an initial public offering, is set to launch this week and will be tradable on the secondary market around the clock. Ondo said it plans to expand the investment universe to robotics, cybersecurity, biotech and infrastructure. Instead of directly holding shares in private companies, investors will buy tokenized notes. Once the actual per-share value of a company’s common stock is determined through an IPO or another event, the note payout will be set based on that value. Ondo said eligible investors in jurisdictions where such investments are permitted will be able to buy, sell or adjust positions at any time without waiting for an IPO. It added that the notes are obligations of the issuer, not the underlying private-company shares, and do not confer ownership or shareholder rights in those companies.

Hong Kong-based crypto financial services provider Amber Group received 4.669 million ENA worth about $1.14 million from Ethena, Onchain Lens reported, citing Arkham data.

A trader with a 78% win rate in SOL trades has opened a new five-times leveraged long position worth 164,642 SOL ($19.78 million), according to on-chain analytics firm Hupzy, formerly Spot On Chain. The liquidation price is $99.68, and the trader’s cumulative profit from SOL trades stands at $4.74 million based on on-chain records. Hupzy said the position size and the trader’s past performance suggest it is difficult to view the move as a simple wallet transfer, adding that if SOL approaches $99.68, forced liquidations could deepen the downtrend. It said the market should watch whether the trader adds to or closes the position on Hyperliquid.

South Korean exchange Bithumb announced it will temporarily suspend LUNA2 withdrawals at 10:00 a.m. UTC today to support the Luna (LUNA2) network upgrade.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background becomes brighter when the price stays within a specific range for an extended period or moves sharply. Brighter areas may act as support or resistance levels. - The CVD indicator shows buy and sell orders by capital size. As buy orders increase, the line in the corresponding color rises. The yellow line reflects orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 48.52% long, 51.48% short - Binance: 49.04% long, 50.96% short - OKX: 49.94% long, 50.06% short - Bybit: 49.46% long, 50.54% short

Pons, a non-custodial token launchpad on Robinhood Chain, an Arbitrum-based layer-two network, said 32% of the total PONS supply has been burned so far. The project said it is using 80% of its revenue to accumulate PONS.

Tanzanian travel agency Zatatep Tours now accepts Bitcoin (BTC) payments for travel packages including wildlife-viewing trips, Mount Kilimanjaro treks and Zanzibar beach stays, Bitcoin.com News reported. Travelers can pay in BTC after setting their itinerary and accommodations, and once payment is confirmed, park entry fees and lodging reservations are processed the same way as standard bookings. The outlet said East Africa’s tourism industry is expanding cryptocurrency payment support to reduce friction tied to international bank transfers, currency exchange fees and overseas card payment charges.

U.S. spot Ethereum ETFs posted $50.76 million in net outflows on Oct. 5, extending their net outflow streak to five trading days, according to SoSoValue. - BlackRock ETHA: -$31.88 million - Fidelity FETH: -$18.88 million

Nine Japanese companies, including SBI Securities, Daiwa Securities and Sumitomo Mitsui Banking Corp., have completed a proof-of-concept test for simultaneous settlement of tokenized securities using a stablecoin, CoinPost reported. The test used a stablecoin issued by Sumitomo Mitsui Banking Corp. as the settlement instrument, and participants confirmed a certain level of legal, technical and operational feasibility for a delivery-versus-payment model that processes tokenized securities delivery and payment at the same time. The companies plan to review related infrastructure and operating systems with future commercialization in mind.

Ethereum’s next major upgrade, Glamsterdam, is being tested on the Sepolia testnet today with the block gas limit raised more than threefold to 200 million from around 60 million, CoinDesk reported. Ahead of the test, Prysm, a major Ethereum validator client, released an emergency update to make validators automatically produce blocks with a 200 million gas limit. The test is intended to check whether validators can handle the sharply expanded block capacity stably, while the scale of any eventual mainnet rollout has not yet been decided.

Bitcoin fell to around $85,600 after facing renewed resistance near $87,000, marking its third failed attempt to break above that level since Sept. 23, according to CoinDesk. Alex Kuptsikevich, chief market analyst at FxPro, said BTC has been posting higher recent lows but has yet to secure upward momentum. As the price approaches the apex of a triangle formed by horizontal resistance and rising support, a break from the pattern could trigger greater volatility, Kuptsikevich said. CoinDesk said a sustained move above $87,000 could signal that selling pressure around that price zone has been absorbed, potentially opening room for a climb toward an eight-month high.

South Korean exchange Upbit announced that, following the rebranding of Avantis (AVNT), the token’s name will be changed to Veranta at 5:00 a.m. UTC today. Its English name will also change from Avantis to Veranta.

South Korean exchange Upbit announced it will temporarily suspend SEI deposits and withdrawals starting at 11:00 a.m. UTC on Oct. 8 to support the token’s network upgrade.

U.S. spot Bitcoin ETFs recorded $89.8 million in net outflows on Oct. 5, according to Farside Investors. - BlackRock IBIT: +$69.9 million - Fidelity FBTC: -$74.5 million - ARK Invest ARKB: -$85.2 million

Polymarket protocol lead Rajath Alex has unveiled protocol V2, which will replace the platform’s existing Gnosis CTF-based architecture introduced in 2019, according to Wu Blockchain. V2 will include a multi-oracle aggregator supporting UMA and Chainlink, as well as cross-chain bridging. Polymarket plans to conduct testing from Oct. 5 to Oct. 30 before fully migrating to V2 on Nov. 2.

Roman Storm, co-founder of Tornado Cash, said on X that the U.S. Attorney’s Office for the Southern District of New York submitted a new letter to the court and that the U.S. Department of Justice is still pursuing a conviction against him. Storm criticized the DOJ’s position, saying that unlike the U.S. Treasury Department’s recent acknowledgment that mixer-related rules could chill lawful activity, the DOJ still views transactions passing through Tornado Cash as illegal on the grounds that they facilitated money laundering and sanctions evasion, even when the transactions were legitimate. Storm added that what he described as a crypto war against developers and open source is still continuing.

South Korea’s major cryptocurrency exchanges paid a combined 1.35143 billion won ($977,000) in levies over the past five years for failing to meet mandatory hiring quotas for people with disabilities, the Busan Ilbo reported. According to data lawmaker Park Dae-chul of the ruling People Power Party, a member of the National Policy Committee, received from five exchanges — Upbit, Bithumb, Coinone, DigitalX and Gopax — the exchanges paid 1.35143 billion won between 2021 and 2025. The levy applies when workplaces above a certain size fail to meet the mandatory employment rate for people with disabilities, which stands at 3.10% this year. Dunamu, the operator of South Korean exchange Upbit, paid the largest amount at 723.09 million won ($523,000).