News linked to both this project and an event.
According to Lookonchain, as the cryptocurrency market continues to decline, a large short trader on the decentralized exchange Aster with address 0xDD6A has accumulated over $6.4 million in realized gains. Currently, the trader holds 20x short positions in BTC, ETH, SOL, XRP, and DOGE, with a total position size of $24.6 million, maintaining a 100% win rate across these positions.
a certain whale/institution sold 237.8 BTC over the past day, exchanged it for 19.7 million USDC, and then bought 7,929 ETH. Over the past 4 days, this entity has cumulatively sold 1,312.1 BTC, exchanged it for 109.1 million USDC, and then bought 43,275 ETH.
Odaily reports: Bitwise analyst Ishmael Asad posted on X that Bitwise is currently working with over 20 wealth management platforms, which collectively manage approximately $24 trillion in assets. Bitwise is also pushing these platforms to approve crypto asset exchange-traded products (ETPs) so that their investment advisors can offer clients access to crypto asset allocation.Currently, among the institutions Bitwise works with, 17 have approved crypto-related equity ETPs, 11 have approved Bitcoin ETPs, 6 have approved Ethereum ETPs, 6 have approved top-10 crypto asset portfolio ETPs, and 2 have approved Solana ETPs, with 1 each approving a Bitcoin and gold combo ETP and an XRP ETP.Asad stated that since the first batch of spot crypto ETFs launched in January 2024, crypto ETPs have seen cumulative net inflows of approximately $77 billion. Currently, there are over 50 spot crypto ETPs in the U.S. market, and the number continues to grow, covering BTC, ETH, SOL, AVAX, LINK, XRP, ZEC, HYPE, crypto asset portfolios, and more. Additionally, wealth management institutions' interest in crypto assets continues to grow, with related demand extending from ETPs to crypto trading and custody, payments, and tokenization.
Bitcoin News posted on X platform stating that the White House is exploring acquiring Bitcoin through existing federal government fund inflows to expand the U.S. Strategic Bitcoin Reserve. Patrick Witt, Executive Director of the President's Council of Advisors on Digital Assets, told Lark Davis that purchasing Bitcoin on the open market requires congressional authorization, and the government is currently studying ways to receive or convert existing federal fund inflows into Bitcoin. The plan aims to comply with President Trump's executive order and expand the U.S. Strategic Bitcoin Reserve without increasing taxpayer spending.
According to CoinDesk, BlackRock’s third-quarter digital asset AUM surged significantly from $48.8 billion to $79.6 billion, marking a 63% quarter-over-quarter increase. Net inflows during the period totaled $7.9 billion, reversing the $2.2 billion net outflow in the first half of the year. This growth was primarily driven by rising market prices, with market value gains contributing $22.9 billion and new investor capital adding $7.9 billion. Despite this, the current figure remains 23% below the approximately $104 billion peak reached at this time last year, with market value declining by $30.6 billion over the past 12 months. During the quarter, BlackRock’s digital asset products (including the iShares Bitcoin Trust IBIT) collectively generated $39 million in fees and securities lending income.
Odaily News: According to Bitcoin News monitoring, Bitcoin News released a podcast in which former Mt. Gox CEO Mark Karpelès and Foundation CEO Zach Herbert discussed the largest supply chain attack in crypto industry history. Mark Karpelès stated that he discovered the spy implant 3 weeks before the funds were stolen and contacted Ledger, but received no response. The implant had a built-in hidden cellular modem that could directly read the seed phrase on the screen and passed Ledger's own checks; even setting a passphrase could not prevent the seed phrase from being stolen. Mark Karpelès said that with $5 million, he could create an implant that would only be detectable through X-ray. The episode also discussed the hardware wallet reseller model, the Malaysian reseller behind the attack, on-chain tracking of stolen crypto assets, the spread of the attack to Europe, why Trezor was not targeted, hardware wallet security, and multi-party computation solutions. The episode timeline shows that the amount stolen from hardware wallets reached $100 million, with $86 million transferred out within 24 hours.
according to on-chain analyst Ai Yi's monitoring, the "UBTC-to-ETH whale" continued to rotate BTC into 13,000 ETH over the past 24 hours, worth $32.59 million; since October 11, it has cumulatively rotated 39,800 ETH from BTC, with an amount exceeding $100 million.
According to Cointelegraph, Ethereum researcher Justin Drake warned that the rapid advancement of AI could accelerate mathematical attacks against the Elliptic Curve Digital Signature Algorithm (ECDSA), potentially breaking existing cryptographic systems within months under the worst-case scenario, and called on the industry to initiate "bunker mode"—transferring assets to new addresses with previously unexposed public keys to mitigate risk. Several industry insiders, however, expressed reservations. Coinbase Chief Cryptographer Yehuda Lindell stated there is currently "no evidence" that the mathematical assumptions underpinning ECDSA have been weakened; Trezor Bitcoin analyst Lucien Bourdon similarly noted that migrating assets could backfire and inadvertently create opportunities for scams. MetaMask founder Taylor Monahan was even more direct, asserting that if elliptic curve cryptography were truly compromised, "the entire world would go to zero," rendering bunker mode ineffective. Meanwhile, Ethereum has laid out a post-quantum roadmap based on hash-based signatures and ZK proofs, while public blockchains such as Solana and NEAR are also exploring their own quantum-safe alternatives, though concrete deployment timelines remain unset.
Odaily News: According to Odaily monitoring, a contract account at a certain address (widely identified as the Wintermute market-making address) has accumulated profits exceeding $173 million. From 17:24 to 18:13 on October 14, its BTC short position increased from approximately $567,000 to approximately $5.158 million, with a net addition of approximately $4.591 million; during this period, approximately $4.882 million was opened and approximately $226,000 was closed, with closing profits of approximately $669.Address: 0xecb63caa47c7c4e77f60f1ce858cf28dc2b82b00
According to monitoring by CryptoQuant analyst nocoffeenobrain, coins with a holding age of 1–3 years and over 3 years began showing signs of activity as early as late September, coinciding with BTC prices rising from the mid-$70,000 range to the mid-$80,000 range. Following the recent Ledger hack, which prompted numerous users to migrate assets to new signing devices and replace their seed phrases, the 7-day moving average is expected to climb further over the next few days. The analyst noted that a similar pattern occurred previously: during January to February this year, when BTC dropped from $90,000 to the mid-$60,000 range, and between July and August while BTC consolidated around the mid-$60,000 range, both of these holding age cohorts exhibited synchronized activity.
Analyst Willy Woo stated that the so-called "supercycle" (SUPERCYCLE) essentially refers to BTC breaking away from its four-year cycle pattern and instead tracking the performance of global macro markets. Willy Woo noted that historically, no asset other than BTC has followed programmed time cycles. At present, BTC's supply shock is negligible and can no longer exert a decisive influence on the market; therefore, moving forward, BTC's price action will be primarily dictated by the global macroeconomic environment.
According to Trader T data, US Bitcoin spot ETFs recorded net inflows of $175.62 million on October 13. Fidelity FBTC saw net inflows of $103.06 million, BlackRock IBIT recorded $65.89 million in net inflows, and Morgan Stanley MSBT posted $6.67 million in net inflows. Net flows for other institutional ETFs, including Grayscale GBTC, were $0 for the day.
According to Lookonchain monitoring, over the past 12 hours, 5 newly created wallets received 1,162 BTC from Wintermute, worth $96.77 million. Lookonchain stated that this may indicate a whale bought the aforementioned Bitcoin through Wintermute.
According to Remnant monitoring, a certain whale or institution that has been consistently executing "sell BTC, buy ETH" trades once again converted 236.6 BTC into 19.71 million USDC over the past day, subsequently purchasing 7,845 ETH. Over the past three days, this address has cumulatively sold 1,074.3 BTC, converted them into 89.39 million USDC, and fully exchanged them for 35,346 ETH, resulting in an average ETH acquisition cost of $2,529.
Odaily reports: Bitcoin News posted on X platform that Bloomberg ETF analyst @JSeyff disclosed that although BlackRock executives had begun preparations to launch a Bitcoin ETF, Larry Fink had previously been skeptical about Bitcoin. Due to internal board discussions and events such as the FTX collapse, the project is said to have nearly been halted multiple times; currently, BlackRock operates the world's largest spot Bitcoin ETF.
Odaily reports: Trader Killa says that for Bitcoin (BTC) to replicate its 2023 price action, it needs to form a higher low (HL) above $75,500 and ideally hold the low near $80,000.After Bitcoin recently reclaimed its short-term structure around the $82,000 zone, it pulled back to test and broke through again, with short-term price action showing strong characteristics of "bull traps and bear traps." When BTC previously fell from $84,100 to $81,000, the structure appeared weak, but a large number of shorts entering at the lows fueled the subsequent rebound.Killa noted that during the drop from $84,100 to $81,000, long liquidations totaled approximately $300 million, while during the earlier decline from $86,800 to $80,600, long liquidations exceeded $2 billion, indicating that the market's leverage structure is improving and the proportion of longs has declined compared to before. The market now needs to form a higher low and initiate the next leg up; otherwise, this correction could break below $80,000.
Odaily News: CoinShares noted in its latest biweekly market report that U.S. spot BTC ETFs saw net outflows of $679 million last week, including a single-day net outflow of $485 million on Wednesday, the largest single-day outflow since June; ETH ETFs saw net outflows of $542 million last week, with cumulative outflows of nearly $700 million over nine consecutive trading days. BTC briefly approached $87,000 on October 5, then fell back to around $80,300, before rebounding to around $83,500.The report shows that BTC's correlation with the Nasdaq index has rebounded to about 40%, its long-term average level, while its correlation with inflation-linked bonds continues to strengthen. CoinShares believes that U.S. CPI data to be released this week will be an important variable: if core CPI rises 0.3% month-over-month, it could reinforce market expectations for a Federal Reserve rate hike in October, putting BTC at risk of testing $80,000 again. (CoinShares)
According to Onchain Lens monitoring, a BlackRock ETF-linked wallet transferred $203 million worth of Bitcoin and Ethereum to Coinbase Prime in the past hour, including 860.393 BTC valued at $71.54 million and 52,488 ETH valued at $131 million.
According to Wintermute's weekly market update, Federal Reserve meeting minutes showed most officials expected another rate hike by year-end, with rate cuts unmentioned, while the US 10-year Treasury yield reached multi-decade highs. Consequently, BTC fell 3.2% this week to around the $83,000 level, ETH dropped 7.0%, and the S&P 500 index rose 1.2% to an all-time high. US spot BTC ETFs recorded weekly net outflows of approximately $679 million, marking the largest single-week outflow since June; ETH ETFs saw outflows of $542 million. CoinGlass data indicates roughly $1.19 billion in liquidations within 24 hours near Thursday's low, with long positions accounting for $1.06 billion. ETH faced additional pressure from news that researchers associated with the Ethereum Foundation advised users to migrate to new addresses. BTC's market share rose to approximately 59.5%, representing the most prominent internal signal of the week. Wintermute noted that amid the Fed's inclination toward rate hikes, yields are unlikely to retreat in the short term. Renewed optimism for crypto markets requires simultaneously meeting two conditions: "stabilization of long-end rates" and "spot ETFs resuming net inflows." It advised closely monitoring Wednesday's September CPI data and earnings reports from financial institutions and AI-related companies this week.
According to K33 Research, the US government transferred approximately 17,733 BTC to Coinbase Prime this week, including 12,267 BTC linked to the Bitfinex hack incident. Following the transfer, the government’s tagged holdings decreased from 324,527 BTC to 306,795 BTC. If untagged suspected government wallets are included, the total BTC transferred to Coinbase Prime reaches approximately 21,500. Analysts believe this transfer is highly likely a custody operation rather than a liquidation—Coinbase Prime has served as the custodian for the US Marshals Service since 2024. Coins associated with the Bitfinex case remain in the claims process, with the Department of Justice requiring restitution to victims in BTC; the no-sale order for the Strategic Bitcoin Reserve also only applies to fully confiscated assets. Additionally, roughly 1,200 BTC originating from FTX and HashFlare were transferred simultaneously and may be disbursed to victims in cash through compensation channels. Notably, the completion of the transfer of approximately 15,000 Bitfinex-claim-related BTC within two days suggests that a distribution plan or relevant rulings may be advancing.