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According to CoinNess market monitoring, BTC has fallen below $85,000. BTC is trading at $84,961.39 on the Binance USDT market.

About three-quarters of major UK financial institutions expect tokenization to reshape financial services, Cointelegraph reported, citing a survey by Lloyds Banking Group, the UK’s largest financial services provider. The survey of 100 senior decision-makers at major local banks, insurers, asset managers and investment firms found 60% identified faster payments and clearing and settlement as tokenization’s biggest benefit, while 41% pointed to better collateral and liquidity management.

Aave Labs has proposed establishing a foundation to unify the Aave brand and intellectual property, according to The Defiant. Under the proposal, the foundation would hold Aave IP under DAO oversight. In the first phase, Aave Labs plans to set up a legal entity in the Cayman Islands and appoint independent officers, while any transfer of trademarks, domains and the codebase would be decided through a later governance vote.

South Korean exchanges Upbit, Bithumb and Coinone announced BLAST has been placed on a delisting watchlist. The move follows an earlier announcement by the Blast Foundation that it plans to shut down the mainnet as profitability deteriorates.

Matt Cole, CEO of Bitcoin-buying company Strive (ASST), said the digital credit market’s capitalization could reach trillions of dollars by 2030 and serve as a bridge in the transition toward a globally hyperbitcoinized future, BitcoinTreasuries reported. Cole added trust in fiat currencies would continue to decline.

Alex Shevchenko, who leads cross-chain protocol NEAR Intents, said on X that all funds stolen in a hack worth about $3.8 million had been returned and the related investigation would be halted. Shevchenko added that instead of carrying out service-disrupting attacks, users should use the bug bounty program. He had previously warned that the attacker had been identified and called for the funds to be returned within 48 hours.

SBI Holdings has completed its acquisition of Japanese cryptocurrency exchange bitbank for $290 million, News Bitcoin reported. Following the deal, SBI is expected to hold about $6.97 billion in custody assets and 2.92 million cryptocurrency accounts across the group, making it Japan’s largest exchange operator by custody assets.

Trading in memecoins on Robinhood Chain is surging, with volumes tied to Robinhood stock tokens reaching about $440 million as of Oct. 2, Bloomberg reported. By directly linking memecoins and tokenized stocks in liquidity pools, the stock tokens are being used as trading infrastructure for memecoin speculation, according to Bloomberg. On Sept. 2, memecoin-stock token trading volume hit $217 million, exceeding the same day’s direct stock token trading volume of $127 million.

Whale Alert reported that 2,398 BTC has been transferred from Coinbase to an unknown wallet. The transaction is valued at about $205 million.

Ethereum layer-two network Blast officially announced a full shutdown of chain operations, saying maintenance costs for the L2 network have far exceeded the revenue it generates, making sustainable operations impossible.

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, made a total of $1.34 million from 10 PUMP trades over the past five days, Onchain Lens reported. Huang currently holds long positions worth 33,950 ETH ($92.56 million), 409 BTC ($35.22 million) and 180,000 HYPE ($16.16 million).

Lido said it will revise the fee model for EarnUSD, its yield vault based on stablecoins, to introduce lower fixed fees, greater flexibility and a structure tied directly to vault performance. Lido said the previous model centered on platform fees, while the new structure places greater emphasis on performance-based fees. Under the change, the assets under management fee will shift from 1% to as high as 0.5%, while the performance fee will rise from 10% to as high as 20%. The initial rates are set at 0.2% for the assets under management fee and 15% for the performance fee. Lido added lowering the assets under management fee from 1% to 0.2% would reduce the cost of holding EarnUSD when yields are low.

According to CoinNess market monitoring, BTC has fallen below $86,000. BTC is trading at $85,994.8 on the Binance USDT market.

Cross-chain protocol NEAR Intents said it identified the attacker behind the theft of about $3.8 million and demanded the funds be returned within 48 hours. Alex Shevchenko, head of NEAR Intents, said the individual transferred 1 BNB to a recovery wallet, signaling a willingness to cooperate.

Mastercard plans to offer businesses transaction services for OpenStandard’s dollar-denominated stablecoin OUSD through stablecoin payments infrastructure provider BVNK, Crypto Briefing reported. OUSD is traded on multiple blockchains, including Base, Ethereum, Solana and Tempo.

The three major U.S. stock indices opened higher today. - S&P 500: +1.90% - Nasdaq: +0.62% - Dow Jones: +0.62%

The number of holders of Solana-based tokenized stocks has reached a record 1.2 million, according to Solana. Of that total, 775,000 were newly added in September.

Nasdaq-listed Hyperion DeFi, a Hyperliquid strategy accumulation company for HYPE, said it repurchased 240,124 HYPD common shares at an average price of $3.21 per share and fully repaid about $8.6 million in existing debt. The company said it repaid all principal and interest tied to its loan agreement with Avenue Capital, funding part of the repayment through sales of HYPE tokens, while not disclosing the size of those sales. As of Sept. 30, Hyperion DeFi held 15,442,482 outstanding HYPD shares, about $14.5 million in cash, cash equivalents and stablecoins, and 1.85 million HYPE tokens.

Linea, Consensys’ in-house zkEVM layer-2 network, said it is shutting down a validator that supports Yield Boost Vaults as a precautionary step tied to preventing a MetaMask security incident. The company said the funds and control rights of the staking vault itself are unaffected. It added net staking rewards used for ecosystem incentives may temporarily decline until the validator replacement is completed, and said it is continuing to monitor the situation.

According to CoinNess market monitoring, BTC has risen above $87,000. BTC is trading at $87,129.98 on the Binance USDT market.

The U.S. Bureau of Labor Statistics said U.S. nonfarm payrolls increased by 29,000 in September, below market forecasts for an 89,000 gain.

An anonymous whale deposited 71,000 HYPE worth about $6.48 million to an exchange around 50 minutes ago, according to ai_9684xtpa. Exchange deposits are generally interpreted as intended for selling. The address had earlier withdrawn 142,834.56 HYPE worth $12.3 million on Sept. 4.

BitGo CEO Mike Belshe said the lack of progress on the U.S. Clarity bill is leaving the crypto market exposed to ongoing systemic risk. Belshe said the main issue is a structure in which a single firm simultaneously operates a trading platform, brokerage and asset custody service. While the collapse of a brokerage alone could limit damage to part of the market, the failure of a firm running an exchange and custody services as well could spread the shock across the broader market.

Signs of recovering spot demand are emerging in Bitcoin on-chain data, according to CryptoQuant contributor MAC_D. Even so, more confirmation is needed before concluding the current uptrend is being supported by strong spot demand. As of Sept. 30, apparent demand growth improved to around negative 101,000 BTC on Oct. 1 from about negative 182,000 BTC on Sept. 24. The roughly 81,000 BTC improvement in a week still leaves the metric in negative territory, but suggests spot demand is recovering as the pace of contraction narrows quickly. By contrast, the Coinbase premium index remains negative, indicating spot buying pressure from U.S. investors has yet to show a clear recovery. The key issue in the current rally, MAC_D said, is the gap between Bitcoin's price and U.S. spot demand. The analysis suggests that even if Bitcoin extends gains and breaks above its previous high, the rally may prove less durable unless the Coinbase premium and on-chain spot demand improve together.

Bitcoin’s move toward the $88,000-$89,000 range is putting trading activity by investors who have held the asset for at least six months in focus, according to an analysis by on-chain analyst Darkfost. Darkfost said the average cost basis for holders in the 18-month to two-year cohort is around $88,350, while the figure for six- to 12-month holders is about $89,200. With the two groups clustered at similar levels, investor sentiment could shift sharply if Bitcoin enters that range. Darkfost added that holders with less than one year overall have continued to face losses, and some may have bought near the previous market peak, which could prompt selling as the price approaches their average entry level. At the same time, investors who endured prolonged losses may buy more Bitcoin to lower their average cost basis. With most nearing a return to profit, selling and additional buying could emerge at the same time.