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The U.S. government transferred 568 BTC to Coinbase Prime about an hour ago, worth roughly $48.7 million. The government’s total transfers today came to 833.6 BTC, or about $71 million, based on Oct. 6 local time.

Prediction market platform Kalshi has launched perpetual futures contracts tied to the U.S. stock market. The contracts track Kalshi’s US 500 index, which includes 500 of the largest U.S. companies. Traders can use leverage to take long or short positions without a fixed expiration date. Kalshi had submitted a related filing to the Commodity Futures Trading Commission in August to launch the product.

U.S.-based bank State Street said in a crypto research report that 51% of institutional executives expect cryptocurrencies to become mainstream within five years. According to the report, that was up sharply from 42% in its 2025 report and 11% in 2024. Respondents said they currently allocate an average of about 11% to crypto and expect that share to rise to 17% within the next three years. The report also showed 35% already manage and distribute digital assets, while 28% said they have built the infrastructure needed to meet client demand. In addition, 52% identified fund issuance and tokenization as strategic priorities, and 53% chose cost reduction and efficiency gains as the most anticipated benefits. State Street conducted the survey of 300 executives in global asset servicing and asset management from July 20 to Aug. 19.

Crypto bank Anchorage Digital has acquired payment orchestration platform Routable and plans to use the deal to support transfers of stablecoins and tokenized deposits, according to Crypto Briefing. The company said it plans to roll out stablecoin and tokenized deposit payment capabilities over the next few quarters. Financial terms were not disclosed.

Fintech startup Navra has raised $19 million in Series A funding, The Block reported. The round was led by Ribbit Capital, with participation from Baseline, DCM, Jump Crypto, and Figure Technology Solutions. Navra plans a limited launch for retail and institutional clients in late October, with Figure serving as its first blockchain partner.

Bitcoin is facing strong selling pressure around $87,000, with the 21-day moving average at $83,500 serving as a key support level, CoinDesk said. CoinDesk said liquidity is currently concentrated around $87,000, with sell orders building from $86,500 and limiting BTC’s short-term upside. To preserve the uptrend, BTC needs to hold the 21-day simple moving average at $83,500, the outlet said. On the upside, if BTC breaks above $87,375, then reclaims $87,496 and flips that level into support, the likelihood of further gains could increase. In that scenario, BTC would be more likely to break firmly above $91,540, which CoinDesk said would provide an additional signal supporting confirmation of a bull market.

Founders Fund, led by PayPal co-founder Peter Thiel, has bought about $5 million worth of ANVL, the governance token of Anvil, a decentralized finance protocol focused on crypto-backed lending, CoinDesk reported. Anvil is also launching new tools aimed at expanding technology use by companies and financial institutions. Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital also took part in the transaction, while specific deal terms and the valuation were not disclosed.

Starknet has carried out an upgrade centered on expanding processing capacity, Crypto Briefing reported. The upgrade also includes minor changes to gas price calculations and the removal of some legacy infrastructure. Node operators must update their software. Starknet also adjusted gas weightings so transaction fees more accurately reflect the costs actually borne by the sequencer and the network.

Stablecoin trading platform Conduit has sued Tether after the issuer froze 2.76 million USDT without explanation, The Block reported. Conduit argued the funds have remained frozen for more than a year even though Brazilian police confirmed the company’s wallet was never designated for a freeze.

A more favorable backdrop has emerged for BTC as the likelihood of a Federal Reserve rate hike has fallen, but stronger institutional inflows are still needed for the asset to climb to $90,000-$93,000, Bitget Wallet head of research Lacy Zhang said, according to Crypto Briefing. Zhang said the probability of an October rate hike fell from 51% a week earlier to around 19% on Oct. 6, citing U.S. local time, after September nonfarm payroll growth came in at just 29,000. Zhang added that further declines in U.S. Treasury yields and inflation pressure could support Bitcoin. Even so, current ETF demand alone is not enough to ensure a breakout to $90,000-$93,000, Zhang said, pointing to Bitcoin's repeated inability to hold above $87,000. Institutional money is entering the market, Zhang said, but profit-taking and existing sell-side supply are absorbing those flows and capping price gains. To confirm whether BTC can extend its rally above $90,000, concerns over rate hikes need to keep easing alongside sustained net institutional inflows, Zhang added.

Wall Street could capture significant economic value from the growth of the crypto market as blockchain technology spreads into traditional finance, Morgan Stanley said, according to CoinDesk. The firm said crypto is more likely to develop through integration with existing financial infrastructure, including banks and capital markets, rather than by replacing the current financial system.

European Central Bank Executive Board member Piero Cipollone said the lack of a European digital payment instrument could increase the risk of fragmentation across tokenization platforms and weaken Europe’s monetary sovereignty, Cointelegraph reported. Cipollone said the ECB’s goal should be to create a digital euro that can be exchanged between banks and used for everyday transactions. He added the aim is not to replace the role of banks, but to provide infrastructure that banks need to compete in the digital era and help expand the reach and use cases of banks’ own payment solutions.

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, has been steadily reducing long positions in BTC and ETH, BlockBeats reported. Huang currently holds a 25x long position in 35,000 ETH, a 40x long position in 455 BTC, and a 10x long position in 145,000 HYPE, with unrealized gains of $948,000.

THORChain developer Chad Barraford said there were ways to restrict the movement of funds linked to the Bitget hack, but a practical response was difficult because validator consensus takes time. In an interview with Unchained, Barraford said THORChain currently does not have a function to immediately block specific wallets or transactions. Barraford said that even if a separate blocking mechanism were introduced, a hacker could move funds to other addresses while validators complete consensus. Barraford explained that reaching the two-thirds validator consensus needed to carry out certain measures takes about three days on average and as long as two weeks. Barraford added that shortening the response time would require changing the protocol structure to give some participants stronger control. If swaps are already under way, Barraford said, a response becomes even more difficult. Barraford said stopping transactions would require redistributing funds through a vault migration, which would also need approval from more than two-thirds of validators and could take one to two weeks. Barraford added that it is theoretically possible to preemptively block Ethereum addresses confirmed to be linked to a hack, but if the hacker moves funds to new addresses, trading can resume, making it difficult for that to serve as a fundamental solution.

Strike has launched a U.S. feature that pays interest generated on cash balances in Bitcoin, Crypto Briefing reported. The feature offers 3.6% annual interest on cash held in Strike accounts. Interest is calculated daily, but paid once a month in Bitcoin rather than dollars.

Winklevoss Asset Services has filed an S-1 registration statement with the U.S. SEC for a spot ZEC ETF, Unfolded reported.

Chinese-rooted crypto exchange OKX has raised new investment at a $25 billion valuation, and CEO Star Xu said the funding was driven by strategic alignment rather than a need for capital, Cointelegraph reported. The report added that the investment amount was not disclosed, while participants were said to include Circle, Ripple (XRP), Standard Chartered-backed SC Ventures, and hedge fund Qube Research & Technologies (QRT).

An address believed to be linked to the U.S. government transferred 264 BTC, worth about $22.87 million, to a new address. The funds were seized from the Bitfinex exchange hacker, BlockBeats reported.

Former UBS Asia head Joseph Chee said Bitcoin could enter a new major upcycle if China allows cryptocurrency trading again. Chee said the biggest variable shaping Bitcoin’s direction may lie in Beijing rather than Washington or Wall Street, while adding that the key condition would be effective risk management and that demand from China’s massive user base could be substantial if trading resumes.

AI-linked cryptocurrencies rose 54% through September, far outpacing the broader crypto market’s expected 24% gain over the same period, Zach Pandl, head of research at Grayscale, said in an analysis. Pandl said the segment is expected to be the most promising category among six crypto asset sectors.

DeFi Development, a Solana treasury company, has approved a buyback plan for its CHAD preferred stock. The move allows the company to repurchase all currently outstanding shares as well as any shares that may be issued in the future. The company said it has no immediate plans to begin repurchases and is first aiming to restore CHAD to its $10 par value. If the price stabilizes at par and later falls back below $10, the company may begin buybacks. Funds raised through the program will be used to buy additional SOL.

Crypto self-custody platform Bringin announced plans to launch a corporate banking platform for European businesses that links Bitcoin with traditional banking services. The platform also supports self-custody, allowing companies to hold Bitcoin directly without entrusting it to a third party. It also supports the Lightning Network, stablecoins and cross-border payments. Bringin said companies will be able to receive purchased Bitcoin directly into self-custody wallets and pay employee salaries or supplier invoices in Bitcoin, stablecoins and euros.

Macro economist Luke Gromen said expanding cash-settled derivatives tied to Bitcoin could limit BTC price gains. Gromen said a key issue is the shift in Bitcoin’s long-term returns, noting that the annualized growth rate between cycle peaks fell sharply across the two market cycles following the arrival of cash-settled BTC derivatives. He said derivatives let investors gain leveraged Bitcoin exposure without buying spot BTC, and as the derivatives market grows, more of the trading that sets Bitcoin’s price could take place outside the spot market where actual BTC changes hands. With returns declining as cycles repeat, Gromen said it is difficult to expect that trend to reverse naturally if the cash-settled market continues to expand.

Solana-based perpetual futures trading terminal Imperial has raised $1.5 million in a seed round to expand its platform, SolanaFloor reported. The round was led by Foundation Capital and included angel investors from the Solana ecosystem. The funds will be used to expand Imperial’s portfolio, including an integrated perpetual futures platform, a lending platform, and its flagship project Armada.

Sui has unveiled a verifiable agent arbiter in partnership with Google Cloud, allowing enterprises to verify whether AI agents acted within authorized scopes and guidelines. Evidence needed for verification is recorded using the Sui network and the Walrus protocol. Sui said "AI agents are executing transactions and operating beyond enterprise boundaries," making traditional standard logs insufficient. Counterparties, auditors and regulators require evidence proving the integrity of agent behavior, Sui added, and the verifiable agent arbiter provides that evidence while helping enterprises prepare for future regulation, including the EU AI Act.