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An anonymous wallet believed to be linked to an institution sold 37.26 million CRV held for three years 10 days ago at $0.35, below its average purchase price of $0.51, booking a $5.97 million loss, according to on-chain analyst EmberCN. EmberCN said the wallet also deposited 4.01 million PENDLE held for one year to OKX three hours ago and sold the tokens at $2.38, below an average purchase price of $3.29, for an additional $3.64 million loss.

Bitcoin profit-taking rose to its highest daily level this year, while spot and futures demand slowed, according to an X post from Coinbase Markets. On Sept. 22, coin holders realized profits on 25,700 BTC, the largest daily amount so far this year, the post said. Unrealized profit margins for short-term traders also reached 33%, the highest level since December 2024. Over the past 30 days, apparent spot demand for BTC fell by 170,000 BTC, while growth in speculative futures demand slowed to 16,000 BTC on Sept. 29 from 164,000 BTC on Sept. 14, Coinbase said.

Upbit’s Indonesian exchange faced restrictions on website and app access inside Indonesia for nearly two months starting in mid-May under measures taken by local authorities, NewsPim reported. Upbit Indonesia’s web and app services were restricted for users in Indonesia in May following action by local authorities. Dunamu said Upbit Indonesia did not suspend services on its own and that access was restricted under measures by local authorities. Indonesia’s Financial Services Authority, or OJK, is said to have required Upbit entities in South Korea, Thailand and Singapore to separate their digital infrastructure during a follow-up audit.

Bitcoin buying pressure absorbed sell-side liquidity clustered around $85,000 on Sept. 30, Glassnode said on X. Glassnode said BTC had repeatedly tried and failed over the past week to absorb sell orders at that level, but the supply now appears to have been exhausted, with remaining sell orders likely withdrawn. With less sell-side liquidity above the current price, BTC could climb faster than before, according to the analysis.

Global fintech company Fiserv has launched a Solana-based digital asset payments platform, Cointelegraph reported. Its first implementation is Roughrider Coin, a dollar stablecoin issued by the Bank of North Dakota, enabling more than 90 banks and credit unions to settle payments within seconds.

Stablecoin issuers’ holdings of short-term U.S. Treasuries could reach around $400 billion by 2030 if current growth trends continue, Cryptopolitan reported, citing the Federal Reserve Bank of San Francisco. The report said issuers have been increasing their T-bill holdings to manage reserves, and the pace of growth since 2023 has been faster than that of Japan, the largest foreign holder of U.S. Treasuries. Separately, global debt rose by $10 trillion over the past six months to a record $365 trillion, according to the Institute of International Finance.

CoinMarketCap’s Altcoin Season Index stood at 55. The index is calculated by comparing the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A CoinNess analysis shows the market is considered to be in altcoin season when 75% of the top 100 coins outperform Bitcoin over the past 90 days, and in Bitcoin season in the opposite case. The closer the reading is to 100, the stronger the altcoin season signal.

Disillusionment is growing among young male cryptocurrency investors who had responded positively to U.S. President Donald Trump’s pro-crypto stance during the 2024 election, The Washington Post reported. Crypto influencer Carl Runefelt said Trump had been seen as a hero by the crypto industry a few years ago but had now become the opposite. Runefelt added that crypto already carried a strong image as a scam, and that perception had hardened further after the president launched his own memecoin. The newspaper said disappointment had also deepened amid a sharp drop in the price of the TRUMP token, a strategic crypto reserve filled only with seized assets rather than new purchases, and the Trump family’s crypto businesses. At the same time, it said major crypto companies and industry figures still support Trump, while some investors view his appointment of pro-crypto officials to regulatory agencies and his enactment of stablecoin legislation positively.

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

According to Deribit, about $2.63 billion in Bitcoin options is set to expire at 8:00 a.m. UTC today. The put-to-call ratio is 1.03, and the max pain price, the level at which the largest number of option buyers lose their premium, is $82,000. At the same time, about $320 million in Ethereum options is also set to expire. The put-to-call ratio is 1.12, and the max pain price is $2,660.

CoinMarketCap’s in-house crypto fear and greed index came in at 69, up two points from yesterday, indicating that market greed remains in place. The index signals extreme fear as it approaches zero and extreme optimism as it approaches 100. CoinMarketCap calculates the gauge based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put/call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

U.S. SEC Chairman Paul Atkins said the crypto market has grown from a niche segment in Bitcoin’s early years after its 2008 debut into a multitrillion-dollar asset class, while investor demand has continued to rise. The SEC on the same day formally proposed a new regulatory framework for crypto custody by investment advisers and regulated funds.

The International Monetary Fund has completed its second and third reviews of El Salvador’s loan program and approved about $138 million in funding, Reuters reported. Although El Salvador did not meet the IMF’s condition limiting Bitcoin accumulation, the IMF granted an exception based on corrective measures by the authorities and renewed commitments. The IMF said El Salvador had made progress on fiscal reforms and that the economy was performing better than expected, amid improved public security and recovering investor confidence. It also cited a renewed commitment from Salvadoran authorities that they do not plan any additional Bitcoin accumulation beyond documented donations.

An anonymous Ethereum whale address starting with 0xC1C withdrew $8.07 million worth of ETH from Binance about four hours ago and deposited the funds into decentralized lending protocol Aave, according to on-chain analyst ai_9684xtpa. Exchange withdrawals are typically interpreted as a sign of holding intent. The whale has accumulated 12,134.13 ETH worth about $32.41 million since Sept. 2, with an estimated average entry price of $2,671.25. ETH was recently trading at $2,705.51, up 0.67%, according to CoinMarketCap.

A chart pattern similar to the one that preceded Bitcoin’s roughly 400% surge in the previous cycle is now appearing again, former Wall Street technical analyst Frank Cappelleri said in a recent CNBC appearance. Cappelleri said the current Bitcoin chart resembles the setup seen after BTC fell about 70% in 2022-2023 and then rebounded sharply. He said Bitcoin, which is down about 54% from its peak, may be building a similar base for an advance. At the same time, Cappelleri added he is not forecasting another 400% rally, but is instead watching whether a similar chart structure could help drive Bitcoin to a fresh all-time high. According to CoinMarketCap, BTC was trading at $84,635.75, down 1.05%, at the time of writing.

Stablecoins could accelerate bank deposit outflows and affect monetary policy across countries by enabling 24-hour trading and payments, the Bank for International Settlements said in a recent report analyzing 130 economies, according to Cointelegraph. The BIS said demand for stablecoins tends to rise during declines in the value of local currencies or in financial crises, and stablecoins are generally less affected by capital controls than traditional foreign-currency deposits. The BIS added growing stablecoin demand could increase downward pressure on local currencies and raise dollar funding costs. Cointelegraph added another view suggests stablecoins are more likely to reduce intermediary steps in cross-border payments than to fully replace banks.

New York and Wyoming have signed a memorandum of understanding to streamline licensing reviews for crypto companies, Bitcoin.com reported. Under the agreement, firms that have operated for more than three years under the supervision of existing regulators and are not currently subject to enforcement proceedings can receive licensing reviews within six months if they meet certain requirements. The two states also plan to expand supervisory cooperation through joint examinations and information-sharing on investigations, while each state will retain its existing licensing authority. The agreement centers on linking New York’s BitLicense regime for virtual asset businesses with Wyoming’s digital-asset banking supervisory framework.

Zcash (ZEC) has fallen about 21% from a recent high, but technical indicators suggest the uptrend remains intact, Decrypt reported. The outlet said ZEC is undergoing a correction after surging about 253% from around $480 to $1,698, while Grayscale’s spot ZEC ETF saw $30.25 million in net outflows on Sept. 30 and 2,746 ZEC, worth about $3.9 million and believed to be linked to hacked funds, was also found to have moved into Zcash’s Shielded Pool, its private transaction feature. Decrypt added that the daily relative strength index stood at 50.2, indicating a neutral reading, and the 50-day exponential moving average remained above the 200-day line, signaling the uptrend is still in place. It said closing below $1,233 on the daily chart could increase downside pressure, while a recovery above $1,410.72 could restore bullish momentum. According to CoinMarketCap, ZEC was recently trading at $1,326.41, down 6.35%.

The Ethereum Foundation has launched zkAPI on mainnet, a system co-designed by founder Vitalik Buterin. Users can use zkAPI to pay for artificial intelligence and other API services with preloaded ETH or USDC. It is designed so API providers cannot identify paying users or track API usage records through zero-knowledge proofs.

Porsche announced it will shut down its web3 project launched in 2023, The Block reported. NFT holders will still be able to keep their existing Porsche 911 NFTs, but Porsche’s Discord channel will be switched to read-only, according to the report.

Coinbase announced support for OUSD transfers on the Base, Ethereum, Solana and Tempo networks.

The U.S. SEC has proposed a new regulatory framework for cryptocurrency custody by investment advisers and regulated funds, according to The Block. The proposal is intended to provide a compliant route for holding crypto within rules drafted before the internet became widespread. U.S. SEC Chairman Paul Atkins said the measure would address a key challenge for institutional investors that still lack qualified custody infrastructure for some cryptocurrencies, while modernizing broader custody rules under the Investment Advisers Act and the Investment Company Act.

Interest in stablecoins is spreading among institutions, Bitwise CIO Matt Hougan said, according to Crypto Briefing. After speaking with about 40 global financial advisers, Hougan said he concluded they were showing greater interest in stablecoins and tokenization than in Bitcoin as a speculative investment, with discussions centered on real-world use cases rather than price charts. Hougan added stablecoins are changing how markets view capital markets and payments. He said stablecoins are also closely tied to tokenization, as tokenized assets require a dollar-like token for transactions, a role stablecoins fill.

The three major U.S. stock indices closed higher today. - S&P 500: +0.20% - Nasdaq: +0.04% - Dow Jones: +0.04%

U.S. Senator Cynthia Lummis gave a low assessment of the chances that crypto-related tax legislation will pass Congress this year. Lummis said Senate Finance Committee members were not eager to resume tax policy discussions during the lame-duck session after the midterm elections, and added it would be surprising if a digital-asset tax bill were handled during that session. Lummis also said that if talks on tax revisions restart, additional demands for amendments beyond the tax law passed last year could emerge.