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Bitcoin holdings on cryptocurrency exchanges have continued to decline, potentially creating conditions favorable for further price gains, according to a CryptoQuant analysis. CryptoQuant researcher Rei Researcher said in a recent report that exchange-held Bitcoin fell to 2.67 million BTC from 2.8 million BTC in February. If buying demand recovers while exchange supply remains low, the resulting supply-demand imbalance could support a longer-term price rise, Rei Researcher said. The researcher added that the continued decline in exchange reserves despite Bitcoin’s recent rebound from local lows suggests the tradable supply available in the market is still shrinking.

Investors who bought near prior highs are still limiting Bitcoin’s upside, according to Glassnode. As Bitcoin moved higher, investors who bought one to two years ago sold on a large scale, Glassnode said. Since then, Bitcoin’s rally has stalled near $88,000, the average cost basis of investors who bought six to 12 months ago, and has failed to break above that level. Glassnode added that selling by the one- to two-year cohort has since slowed sharply.

Ondo Finance announced on its official X account that assets in its tokenized U.S. Treasury products have exceeded $3 billion. The total combines assets in USDY, OUSG and tokenized U.S. Treasury ETFs, putting Ondo Finance first among tokenized U.S. Treasury platforms tracked by real-world asset data platform RWA.xyz.

The U.S. SEC’s move to ease its quorum requirement could make it easier to advance cryptocurrency-related rulemaking, Cointelegraph reported. The outlet said the SEC and the U.S. CFTC are currently pursuing regulatory decisions affecting the roughly $3 trillion crypto market with just three commissioners in total, as leadership vacancies persist at both agencies, which were each designed to have five commissioners. The SEC announced a final rule on Sept. 30 changing its quorum requirement, and the measure took effect on Oct. 2. Under the revision, if certain conditions are met when only two commissioners remain, one commissioner can constitute a quorum. Meanwhile, as passage of a digital asset market structure bill has been delayed in the U.S. Congress, the SEC and CFTC are moving to draft their own rules using existing legal authority, according to the report. The CFTC also said it would pursue a crypto regulatory proposal related to exchanges in October. The White House has not announced additional nominees to fill vacancies at either agency, and Cointelegraph said decision-making power in crypto rulemaking at the SEC and CFTC is likely to remain concentrated in a small number of commissioners for the time being.

Bitcoin financial platform Mezo announced a schedule to end support for cross-chain withdrawals for some assets. According to Mezo, cross-chain withdrawals for swBTC and USDe ended on Oct. 13, while withdrawals for SolvBTC and xSolvBTC will remain available through Oct. 29. Deposits for all four tokens — swBTC, USDe, SolvBTC, and xSolvBTC — are currently suspended.

Starknet (STRK) announced on its official X account the launch of Shadow Accounts, a feature designed to protect links between users’ main wallets and decentralized finance activity. On Starknet, Shadow Accounts are separate pseudonymous addresses managed directly by users, allowing participation in DeFi services without exposing connections to their main wallets.

MediaMarktSaturn, Europe’s largest consumer electronics retailer, has stopped selling Ledger hardware wallets at more than 1,000 stores across 11 countries as of Oct. 13, according to Crypto Briefing. The company said the decision was tied to concerns over unauthorized hardware modifications related to Ledger products and potential spyware risks.

Spot trading volume across 14 major global cryptocurrency exchanges rose 36.5% from August to $696.7 billion in September, according to Wu Blockchain. Wu Blockchain data showed total spot volume at the 14 exchanges increased from $510.4 billion in August, with all 14 posting month-over-month gains. Binance ranked first with $307.8 billion in spot volume, accounting for 44.2% of the total. OKX followed with $65.8 billion and a 9.5% share, while Coinbase ranked third with $61.3 billion and 8.8%.

Crypto exchange MNX has launched futures contracts tied to the valuations of private AI companies including OpenAI, Anthropic, DeepSeek and Moonshot, CoinDesk reported. Unlike Bitget’s perpetual futures, which have no expiration date, MNX offers contracts that expire at the end of 2027 and do not charge periodic funding fees, according to CoinDesk. Another rival, OKX, also offers non-expiring contracts, although its method for calculating funding costs differs. MNX supports trading with up to three times a user’s capital, U.S. residents are not eligible to use the service, and the exchange plans to expand the offering into markets tied to the broader AI economy.

Ripple is partnering with Privy, a subsidiary of global payments company Stripe, to support an embedded wallet service built on the XRP Ledger, The Block reported. The collaboration will let developers add XRPL wallets to applications without building separate wallet infrastructure, while also supporting wallet creation, management and signing, as well as XRP, Ripple’s stablecoin RLUSD and other XRPL-based assets.

Large Bitcoin investors are moving in the opposite direction from retail traders, according to a CoinNess analysis of CryptoQuant data citing CoinRabbit. In September, USDT borrowing by borrowers with more than $10 million in loans rose 83%, while USDT borrowing by retail investors fell 17%. Over the same period, Bitcoin holdings among whales climbed to 3.03 million BTC, the highest level since November 2025, indicating a clear divergence in investment behavior between whale and retail investors.

On-chain analyst Darkfost said rising U.S. Treasury yields and a stronger dollar are putting downward pressure on Bitcoin prices. Darkfost said the U.S. Dollar Index, or DXY, had risen 5.5% since Sept. 9 to 102.57, the highest level in about 18 months since April 2025. Darkfost added that higher Treasury yields and a stronger dollar are constraining market liquidity and weakening institutional investors’ appetite for risk assets. With Bitcoin still viewed as a relatively high-risk asset, traditional financial markets such as tech stocks and the S&P 500 are absorbing limited liquidity, creating an unfavorable environment for Bitcoin.

Coinbase has published a technical discussion paper on preparing Bitcoin for potential quantum-computing threats, urging the network to begin migration planning as soon as possible. The exchange said Bitcoin should respond proactively to possible cryptographic risks from quantum computers in the future. Coinbase said a quantum-resistant Bitcoin upgrade cannot be solved simply by choosing a new quantum-resistant signature algorithm, adding that multiple factors must be considered together, including block-space constraints, full-node verification capacity, institutional asset custody requirements, compatibility with retail wallets, and how to handle funds that cannot be migrated. Coinbase also stressed the migration could take years and said preparations should be completed before any quantum-computing threat becomes a reality.

BTW has risen by 3.89% in the past five minutes on the COINNESS market. Currently, BTW is trading at $1.93.

Strategy said on its official X account that its Bitcoin Banking Adoption Index rose to 34% in the third quarter this year. The company added that major global banks are steadily increasing their adoption of Bitcoin and digital assets, although adoption of those assets across the banking sector remains in its early stages.

Blockchain project peaq has partnered with the digital subsidiary of German professional football club Eintracht Frankfurt, Cointelegraph reported. Under the partnership, the two sides will assess the potential introduction of autonomous machine-to-machine payments and related services at Deutsche Bank Park, Frankfurt’s home stadium.

BTW has risen by 7.76% in the past five minutes on the COINNESS market. Currently, BTW is trading at $2.

BTW has fallen by 3.88% in the past five minutes on the COINNESS market. Currently, BTW is trading at $1.85.

Layer-1 blockchain Solana (SOL) said its new consensus protocol, Alpenglow, will be applied to mainnet beta at around 2:50 p.m. UTC on Oct. 21. Solana said the protocol was developed over 18 months and that the migration will take place within a single slot. Finality will be shortened to about 150 milliseconds from several seconds.

StarkWare has cut the estimated computation cost of Bitcoin quantum-resistant transactions, or QSB, by 82% to $59 from about $320, CryptoSlate reported. The cost fell from $320 during the first mainnet demonstration in August to $67 in September and then to $59 in the latest update. QSB is an emergency-response technology designed to help defend against quantum-computing attacks without changing Bitcoin’s consensus rules. The figure is based on benchmark testing rather than actual transaction costs, and it does not include Bitcoin network fees.

Decentralized lending protocol Morpho announced the appointment of Brian Foster, a former Coinbase executive, as head of go-to-market strategy. Foster spent more than seven years at Coinbase, where Foster oversaw institutional and infrastructure initiatives spanning exchange-traded funds, trading as a service, stablecoin payments, and government-related business. Morpho said Foster also led the company’s partnership with BlackRock and its collaboration efforts tied to the U.S. federal government. Morpho said Foster will lead efforts to expand its business with fintech firms and financial institutions and help accelerate the adoption of on-chain credit products.

Wells Fargo is preparing to capture potential business opportunities tied to growth in the U.S. stablecoin market, Watcher Guru reported, citing comments from the bank’s CEO.

Solana-based DeFi protocol Raydium (RAY) has launched a Solana-based staking service for the INJ token. The move is expected to boost INJ token participation and liquidity within Solana’s decentralized ecosystem.

The U.S. Federal Trade Commission is conducting an early-stage review of the online sports betting industry, The Block reported. The regulator is expected to focus on potentially misleading advertising by sports betting operators including FanDuel and DraftKings. According to the report, prediction market platforms such as Kalshi and Polymarket are not expected to be included in the review.

Coinbase said on its official website it cooperated with UK and U.S. law enforcement agencies in a crackdown on scam rings based in West Africa. Coinbase said it worked with the UK’s National Crime Agency, the U.S. Justice Department’s Scam Center Strike Force, and the Tech Against Scams coalition during an international joint anti-fraud operation held in London from Oct. 6 to Oct. 9. Coinbase said some criminal groups are shifting their operations to West Africa and other regions as crackdowns on scam hubs in Southeast Asia intensify.