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🔻 BlackRock's IBIT bleeds $1.66B over seven straight days of outflows
BlackRock's iShares Bitcoin Trust (IBIT) posted $213 million in outflows on Monday, its seventh consecutive day of withdrawals, bringing the streak since Oct. 30 to $1.66 billion, per Farside Investors data. US spot Bitcoin ETFs overall shed $201 million on the day, while spot Ether ETFs lost about $185 million, their largest daily outflow since Oct. 6.
Year-to-date net flows for spot Bitcoin ETFs are now about $1.1 billion negative, versus roughly $25 billion of inflows by early November in both 2024 and 2025.
⭐ Persistent selling from the largest Bitcoin ETF signals weak institutional demand, even as the Fear & Greed Index edged up to 32 from 29.
#Bitcoin #BTC #ETF #BlackRock #IBIT
🔻 BlackRock's IBIT bleeds $1.66B over seven straight days of outflows
BlackRock's iShares Bitcoin Trust (IBIT) posted $213 million in outflows on Monday, its seventh consecutive day of withdrawals, bringing the streak since Oct. 30 to $1.66 billion, per Farside Investors data. US spot Bitcoin ETFs overall shed $201 million on the day, while spot Ether ETFs lost about $185 million, their largest daily outflow since Oct. 6.
Year-to-date net flows for spot Bitcoin ETFs are now about $1.1 billion negative, versus roughly $25 billion of inflows by early November in both 2024 and 2025.
⭐ Persistent selling from the largest Bitcoin ETF signals weak institutional demand, even as the Fear & Greed Index edged up to 32 from 29.
#Bitcoin #BTC #ETF #BlackRock #IBIT
BlackRock's iShares Bitcoin Trust (IBIT) posted $213 million in outflows on Monday, its seventh consecutive day of withdrawals, bringing the streak since Oct. 30 to $1.66 billion, per Farside Investors data. US spot Bitcoin ETFs overall shed $201 million on the day, while spot Ether ETFs lost about $185 million, their largest daily outflow since Oct. 6.
Year-to-date net flows for spot Bitcoin ETFs are now about $1.1 billion negative, versus roughly $25 billion of inflows by early November in both 2024 and 2025.
⭐ Persistent selling from the largest Bitcoin ETF signals weak institutional demand, even as the Fear & Greed Index edged up to 32 from 29.
#Bitcoin #BTC #ETF #BlackRock #IBIT
BTC-0.80%
BLKUS+0.75%
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⚠️ Binance warns an iOS flaw could expose crypto wallet keys
Binance warned on Tuesday that an iOS flaw could let a malicious app read local files from other apps, putting seed phrases, private keys and login credentials at risk. It listed iOS 26.7.1, 27.0.1 and 27.2 among the affected versions and called it "an iOS-level issue, not unique to Binance."
The exchange urged users to delete apps from untrusted sources, update iOS and all apps, and move funds to new wallets created on clean devices if they suspect a breach. Apple shipped iOS 27.2.1 and 26.7.3 on Monday, but it is still unclear whether either update fixes the flaw.
⭐ Mobile wallets hold a big share of retail crypto, so a platform-wide iPhone flaw raises self-custody risk across the whole ecosystem until a fix is confirmed.
#Security #iOS #CryptoWallet #Binance
⚠️ Binance warns an iOS flaw could expose crypto wallet keys
Binance warned on Tuesday that an iOS flaw could let a malicious app read local files from other apps, putting seed phrases, private keys and login credentials at risk. It listed iOS 26.7.1, 27.0.1 and 27.2 among the affected versions and called it "an iOS-level issue, not unique to Binance."
The exchange urged users to delete apps from untrusted sources, update iOS and all apps, and move funds to new wallets created on clean devices if they suspect a breach. Apple shipped iOS 27.2.1 and 26.7.3 on Monday, but it is still unclear whether either update fixes the flaw.
⭐ Mobile wallets hold a big share of retail crypto, so a platform-wide iPhone flaw raises self-custody risk across the whole ecosystem until a fix is confirmed.
#Security #iOS #CryptoWallet #Binance
Binance warned on Tuesday that an iOS flaw could let a malicious app read local files from other apps, putting seed phrases, private keys and login credentials at risk. It listed iOS 26.7.1, 27.0.1 and 27.2 among the affected versions and called it "an iOS-level issue, not unique to Binance."
The exchange urged users to delete apps from untrusted sources, update iOS and all apps, and move funds to new wallets created on clean devices if they suspect a breach. Apple shipped iOS 27.2.1 and 26.7.3 on Monday, but it is still unclear whether either update fixes the flaw.
⭐ Mobile wallets hold a big share of retail crypto, so a platform-wide iPhone flaw raises self-custody risk across the whole ecosystem until a fix is confirmed.
#Security #iOS #CryptoWallet #Binance
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📉 Bitcoin slides toward $74K as Fed rate-hike odds jump to 96%
Bitcoin fell 1.3% on Tuesday to about $74,080 after Fed governor Christopher Waller said he would support a 0.25% rate hike at the Dec. 9 FOMC meeting.
Waller said he would back the hike even if October CPI comes in cooler than September, adding that "more robust action" may be needed if inflation runs substantially higher than he expects.
After the speech, CME FedWatch odds of a 25 bp December hike jumped from 76.3% to 96.3%, while Nasdaq 100 futures slipped 0.4% ahead of the CPI release.
⭐ A near-certain rate hike means tighter liquidity, a classic headwind for bitcoin and other risk assets, so today's CPI print could set the tone for crypto into December.
#Bitcoin #BTC #Fed #CPI #Macro
📉 Bitcoin slides toward $74K as Fed rate-hike odds jump to 96%
Bitcoin fell 1.3% on Tuesday to about $74,080 after Fed governor Christopher Waller said he would support a 0.25% rate hike at the Dec. 9 FOMC meeting.
Waller said he would back the hike even if October CPI comes in cooler than September, adding that "more robust action" may be needed if inflation runs substantially higher than he expects.
After the speech, CME FedWatch odds of a 25 bp December hike jumped from 76.3% to 96.3%, while Nasdaq 100 futures slipped 0.4% ahead of the CPI release.
⭐ A near-certain rate hike means tighter liquidity, a classic headwind for bitcoin and other risk assets, so today's CPI print could set the tone for crypto into December.
#Bitcoin #BTC #Fed #CPI #Macro
Bitcoin fell 1.3% on Tuesday to about $74,080 after Fed governor Christopher Waller said he would support a 0.25% rate hike at the Dec. 9 FOMC meeting.
Waller said he would back the hike even if October CPI comes in cooler than September, adding that "more robust action" may be needed if inflation runs substantially higher than he expects.
After the speech, CME FedWatch odds of a 25 bp December hike jumped from 76.3% to 96.3%, while Nasdaq 100 futures slipped 0.4% ahead of the CPI release.
⭐ A near-certain rate hike means tighter liquidity, a classic headwind for bitcoin and other risk assets, so today's CPI print could set the tone for crypto into December.
#Bitcoin #BTC #Fed #CPI #Macro
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⛏️ MARA sells 13,597 BTC for $1.1B in six weeks, plans to sell more
Bitcoin miner MARA Holdings sold 13,597 BTC after September at an average of about $81,039, equal to 40% of the 34,012 BTC it held at quarter-end, according to its Q3 shareholder letter. It used $750 million to repay bitcoin-backed loans, cutting the share of its remaining coins lent out or pledged to under 5% from 57%. MARA says it will keep using bitcoin to build cash for AI infrastructure, while Q3 revenue fell 35% to $164 million.
⭐ One of the largest public BTC holders is now a steady seller, a reversal of its 2024 pledge to hold every coin it mined.
#Bitcoin #BTC #MARA #BitcoinMining
⛏️ MARA sells 13,597 BTC for $1.1B in six weeks, plans to sell more
Bitcoin miner MARA Holdings sold 13,597 BTC after September at an average of about $81,039, equal to 40% of the 34,012 BTC it held at quarter-end, according to its Q3 shareholder letter. It used $750 million to repay bitcoin-backed loans, cutting the share of its remaining coins lent out or pledged to under 5% from 57%. MARA says it will keep using bitcoin to build cash for AI infrastructure, while Q3 revenue fell 35% to $164 million.
⭐ One of the largest public BTC holders is now a steady seller, a reversal of its 2024 pledge to hold every coin it mined.
#Bitcoin #BTC #MARA #BitcoinMining
Bitcoin miner MARA Holdings sold 13,597 BTC after September at an average of about $81,039, equal to 40% of the 34,012 BTC it held at quarter-end, according to its Q3 shareholder letter. It used $750 million to repay bitcoin-backed loans, cutting the share of its remaining coins lent out or pledged to under 5% from 57%. MARA says it will keep using bitcoin to build cash for AI infrastructure, while Q3 revenue fell 35% to $164 million.
⭐ One of the largest public BTC holders is now a steady seller, a reversal of its 2024 pledge to hold every coin it mined.
#Bitcoin #BTC #MARA #BitcoinMining
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🔐 XRP Ledger maps out quantum-proof accounts, with no extra fees
The XRP Ledger Foundation has a design that lets account owners add a quantum-resistant signing key and switch off the original one. The new key uses ML-DSA-44, a signature scheme NIST approved in 2024 to stand up to quantum attacks. Users would not pay more: the proposal keeps base fees unchanged, and network operators absorb the extra storage from larger keys and signatures. Technical work is still unfinished, with a migration study planned for the first half of 2027 and Ripple targeting a full quantum transition by 2028.
⭐ This would let owners close a route quantum computers could one day use, without raising fees, ahead of a 2028 network-wide shift.
#XRP #XRPL #Crypto
🔐 XRP Ledger maps out quantum-proof accounts, with no extra fees
The XRP Ledger Foundation has a design that lets account owners add a quantum-resistant signing key and switch off the original one. The new key uses ML-DSA-44, a signature scheme NIST approved in 2024 to stand up to quantum attacks. Users would not pay more: the proposal keeps base fees unchanged, and network operators absorb the extra storage from larger keys and signatures. Technical work is still unfinished, with a migration study planned for the first half of 2027 and Ripple targeting a full quantum transition by 2028.
⭐ This would let owners close a route quantum computers could one day use, without raising fees, ahead of a 2028 network-wide shift.
#XRP #XRPL #Crypto
The XRP Ledger Foundation has a design that lets account owners add a quantum-resistant signing key and switch off the original one. The new key uses ML-DSA-44, a signature scheme NIST approved in 2024 to stand up to quantum attacks. Users would not pay more: the proposal keeps base fees unchanged, and network operators absorb the extra storage from larger keys and signatures. Technical work is still unfinished, with a migration study planned for the first half of 2027 and Ripple targeting a full quantum transition by 2028.
⭐ This would let owners close a route quantum computers could one day use, without raising fees, ahead of a 2028 network-wide shift.
#XRP #XRPL #Crypto
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🏦 Coinbase wins a full U.S. national trust charter
The Office of the Comptroller of the Currency has upgraded Coinbase National Trust from a conditional approval granted in April to a full national trust charter, the company said. The firm can offer federally regulated custody and payments services, but it is not a full-service bank and cannot take deposits or make loans. Coinbase said the sign-off followed months of compliance work, hiring, and regulatory review. Ripple received a full trust charter last month.
⭐ This puts more of Coinbase’s business under federal banking oversight and is another step toward integrating digital assets into the core of the U.S. financial system.
🏦 Coinbase wins a full U.S. national trust charter
The Office of the Comptroller of the Currency has upgraded Coinbase National Trust from a conditional approval granted in April to a full national trust charter, the company said. The firm can offer federally regulated custody and payments services, but it is not a full-service bank and cannot take deposits or make loans. Coinbase said the sign-off followed months of compliance work, hiring, and regulatory review. Ripple received a full trust charter last month.
⭐ This puts more of Coinbase’s business under federal banking oversight and is another step toward integrating digital assets into the core of the U.S. financial system.
The Office of the Comptroller of the Currency has upgraded Coinbase National Trust from a conditional approval granted in April to a full national trust charter, the company said. The firm can offer federally regulated custody and payments services, but it is not a full-service bank and cannot take deposits or make loans. Coinbase said the sign-off followed months of compliance work, hiring, and regulatory review. Ripple received a full trust charter last month.
⭐ This puts more of Coinbase’s business under federal banking oversight and is another step toward integrating digital assets into the core of the U.S. financial system.
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🗽 NYSE picks Avalanche to settle tokenized stocks 24/7
The New York Stock Exchange has selected Avalanche to handle clearing and settlement on its planned 24/7 tokenized-securities venue, Ava Labs said. The platform still needs regulatory approval and is targeting a fourth-quarter launch, with NYSE's existing systems used to match trades. Equities on the venue could be issued on multiple blockchains, while Avalanche would serve as the ledger that records and settles those trades after about a year of testing.
⭐ A flagship U.S. exchange putting settlement on Avalanche would be a major test of whether public blockchains can run regulated stock markets around the clock.
🗽 NYSE picks Avalanche to settle tokenized stocks 24/7
The New York Stock Exchange has selected Avalanche to handle clearing and settlement on its planned 24/7 tokenized-securities venue, Ava Labs said. The platform still needs regulatory approval and is targeting a fourth-quarter launch, with NYSE's existing systems used to match trades. Equities on the venue could be issued on multiple blockchains, while Avalanche would serve as the ledger that records and settles those trades after about a year of testing.
⭐ A flagship U.S. exchange putting settlement on Avalanche would be a major test of whether public blockchains can run regulated stock markets around the clock.
The New York Stock Exchange has selected Avalanche to handle clearing and settlement on its planned 24/7 tokenized-securities venue, Ava Labs said. The platform still needs regulatory approval and is targeting a fourth-quarter launch, with NYSE's existing systems used to match trades. Equities on the venue could be issued on multiple blockchains, while Avalanche would serve as the ledger that records and settles those trades after about a year of testing.
⭐ A flagship U.S. exchange putting settlement on Avalanche would be a major test of whether public blockchains can run regulated stock markets around the clock.
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⛏️ MARA dumps 13,597 BTC for $1.1B in six weeks, plans to sell more
Bitcoin miner MARA sold the coins at an average of about $81,039 after September, around 40% of the 34,012 BTC it held at quarter-end. It used $750 million to repay bitcoin-backed loans and says it will keep selling to fund AI infrastructure, debt payments and possible buybacks. Q3 revenue fell 35% to $164 million.
⭐ A former "never sell" miner turning into a steady seller adds supply pressure and shows how miners are pivoting to AI data centers.
⛏️ MARA dumps 13,597 BTC for $1.1B in six weeks, plans to sell more
Bitcoin miner MARA sold the coins at an average of about $81,039 after September, around 40% of the 34,012 BTC it held at quarter-end. It used $750 million to repay bitcoin-backed loans and says it will keep selling to fund AI infrastructure, debt payments and possible buybacks. Q3 revenue fell 35% to $164 million.
⭐ A former "never sell" miner turning into a steady seller adds supply pressure and shows how miners are pivoting to AI data centers.
Bitcoin miner MARA sold the coins at an average of about $81,039 after September, around 40% of the 34,012 BTC it held at quarter-end. It used $750 million to repay bitcoin-backed loans and says it will keep selling to fund AI infrastructure, debt payments and possible buybacks. Q3 revenue fell 35% to $164 million.
⭐ A former "never sell" miner turning into a steady seller adds supply pressure and shows how miners are pivoting to AI data centers.
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🏗️ Securitize agrees to buy River One, targeting a $6 trillion market
Tokenization firm Securitize said it has agreed to acquire River One, a New York institutional financier, to expand into asset-backed lending. Terms were not disclosed, and the deal is expected to close in the fourth quarter. Alongside the announcement, Securitize reported third-quarter revenue of $18.6 million, up 13%, a $66.3 million net loss that included about $60 million in mostly non-cash charges, and a $50 million share buyback. Shares rose about 10% after hours.
⭐ The purchase would add warehouse financing to Securitize's tokenization platform, extending blockchain rails into a multi-trillion-dollar credit market.
🏗️ Securitize agrees to buy River One, targeting a $6 trillion market
Tokenization firm Securitize said it has agreed to acquire River One, a New York institutional financier, to expand into asset-backed lending. Terms were not disclosed, and the deal is expected to close in the fourth quarter. Alongside the announcement, Securitize reported third-quarter revenue of $18.6 million, up 13%, a $66.3 million net loss that included about $60 million in mostly non-cash charges, and a $50 million share buyback. Shares rose about 10% after hours.
⭐ The purchase would add warehouse financing to Securitize's tokenization platform, extending blockchain rails into a multi-trillion-dollar credit market.
Tokenization firm Securitize said it has agreed to acquire River One, a New York institutional financier, to expand into asset-backed lending. Terms were not disclosed, and the deal is expected to close in the fourth quarter. Alongside the announcement, Securitize reported third-quarter revenue of $18.6 million, up 13%, a $66.3 million net loss that included about $60 million in mostly non-cash charges, and a $50 million share buyback. Shares rose about 10% after hours.
⭐ The purchase would add warehouse financing to Securitize's tokenization platform, extending blockchain rails into a multi-trillion-dollar credit market.
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🏛️ Warren set to chair Senate Banking, targeting prediction markets and Trump crypto ventures
Sen. Elizabeth Warren will take over as chair of the Senate Banking Committee in January after Democrats won control of the Senate in last week's midterms. An aide said she plans to scrutinize prediction markets and the Trump family's crypto businesses, warning that "Big Tech CEOs, Administration officials, Trump family crypto businesses, Wall Street executives, and giant corporations should preserve their documents and prepare to answer tough questions." Warren, a longtime crypto critic, has also pressed platforms such as Kalshi and Polymarket over insider-trading risks.
⭐ A skeptical chair of the key Senate panel could mean tighter oversight of U.S. crypto policy, prediction markets, and Trump-linked token projects in 2027.
🏛️ Warren set to chair Senate Banking, targeting prediction markets and Trump crypto ventures
Sen. Elizabeth Warren will take over as chair of the Senate Banking Committee in January after Democrats won control of the Senate in last week's midterms. An aide said she plans to scrutinize prediction markets and the Trump family's crypto businesses, warning that "Big Tech CEOs, Administration officials, Trump family crypto businesses, Wall Street executives, and giant corporations should preserve their documents and prepare to answer tough questions." Warren, a longtime crypto critic, has also pressed platforms such as Kalshi and Polymarket over insider-trading risks.
⭐ A skeptical chair of the key Senate panel could mean tighter oversight of U.S. crypto policy, prediction markets, and Trump-linked token projects in 2027.
Sen. Elizabeth Warren will take over as chair of the Senate Banking Committee in January after Democrats won control of the Senate in last week's midterms. An aide said she plans to scrutinize prediction markets and the Trump family's crypto businesses, warning that "Big Tech CEOs, Administration officials, Trump family crypto businesses, Wall Street executives, and giant corporations should preserve their documents and prepare to answer tough questions." Warren, a longtime crypto critic, has also pressed platforms such as Kalshi and Polymarket over insider-trading risks.
⭐ A skeptical chair of the key Senate panel could mean tighter oversight of U.S. crypto policy, prediction markets, and Trump-linked token projects in 2027.
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Tokenized Stocks Hit Record $3.9 Billion as BNB Chain, Ethereum and Solana Capture 70% of Market
The market capitalization of tokenized stocks has reached a record $3.9 billion, highlighting the growing adoption of blockchain-based representations of traditional equities. According to data from Token Terminal, BNB Chain leads the market, followed by Ethereum and Solana.
BNB Chain accounts for approximately $1.2 billion in tokenized stocks, making it the largest blockchain by market capitalization in the sector. Ethereum ranks second with $841.9 million, while Solana follows with $741.7 million. Together, the three networks represent approximately 70% of the total market.
The latest milestone extends a rapid expansion in tokenized equities and exchange-traded funds (ETFs). Earlier in October, the market had already surpassed $3.7 billion, with BNB Chain becoming the first blockchain to exceed $1 billion in tokenized stocks and ETFs, according to Token Terminal data cited by Cointelegraph.
Tokenized stocks represent blockchain-based assets designed to track or provide exposure to publicly traded shares. Depending on the product and its legal structure, tokens may be backed by underlying securities or provide contractual exposure to their price movements. They can potentially enable around-the-clock trading, fractional ownership and integration with decentralized finance (DeFi) applications.
The growth also creates new opportunities for blockchain networks, decentralized exchanges and tokenization providers to generate transaction fees and attract liquidity from traditional financial markets.
However, tokenized stocks are not necessarily equivalent to owning shares directly. Investors must assess the issuer, custody arrangements, redemption rights, regulatory protections and the legal rights attached to each token.
With the market reaching a new high, competition among blockchain networks to capture tokenized equity trading and liquidity is intensifying.
Tokenized Stocks Hit Record $3.9 Billion as BNB Chain, Ethereum and Solana Capture 70% of Market
The market capitalization of tokenized stocks has reached a record $3.9 billion, highlighting the growing adoption of blockchain-based representations of traditional equities. According to data from Token Terminal, BNB Chain leads the market, followed by Ethereum and Solana.
BNB Chain accounts for approximately $1.2 billion in tokenized stocks, making it the largest blockchain by market capitalization in the sector. Ethereum ranks second with $841.9 million, while Solana follows with $741.7 million. Together, the three networks represent approximately 70% of the total market.
The latest milestone extends a rapid expansion in tokenized equities and exchange-traded funds (ETFs). Earlier in October, the market had already surpassed $3.7 billion, with BNB Chain becoming the first blockchain to exceed $1 billion in tokenized stocks and ETFs, according to Token Terminal data cited by Cointelegraph.
Tokenized stocks represent blockchain-based assets designed to track or provide exposure to publicly traded shares. Depending on the product and its legal structure, tokens may be backed by underlying securities or provide contractual exposure to their price movements. They can potentially enable around-the-clock trading, fractional ownership and integration with decentralized finance (DeFi) applications.
The growth also creates new opportunities for blockchain networks, decentralized exchanges and tokenization providers to generate transaction fees and attract liquidity from traditional financial markets.
However, tokenized stocks are not necessarily equivalent to owning shares directly. Investors must assess the issuer, custody arrangements, redemption rights, regulatory protections and the legal rights attached to each token.
With the market reaching a new high, competition among blockchain networks to capture tokenized equity trading and liquidity is intensifying.
The market capitalization of tokenized stocks has reached a record $3.9 billion, highlighting the growing adoption of blockchain-based representations of traditional equities. According to data from Token Terminal, BNB Chain leads the market, followed by Ethereum and Solana.
BNB Chain accounts for approximately $1.2 billion in tokenized stocks, making it the largest blockchain by market capitalization in the sector. Ethereum ranks second with $841.9 million, while Solana follows with $741.7 million. Together, the three networks represent approximately 70% of the total market.
The latest milestone extends a rapid expansion in tokenized equities and exchange-traded funds (ETFs). Earlier in October, the market had already surpassed $3.7 billion, with BNB Chain becoming the first blockchain to exceed $1 billion in tokenized stocks and ETFs, according to Token Terminal data cited by Cointelegraph.
Tokenized stocks represent blockchain-based assets designed to track or provide exposure to publicly traded shares. Depending on the product and its legal structure, tokens may be backed by underlying securities or provide contractual exposure to their price movements. They can potentially enable around-the-clock trading, fractional ownership and integration with decentralized finance (DeFi) applications.
The growth also creates new opportunities for blockchain networks, decentralized exchanges and tokenization providers to generate transaction fees and attract liquidity from traditional financial markets.
However, tokenized stocks are not necessarily equivalent to owning shares directly. Investors must assess the issuer, custody arrangements, redemption rights, regulatory protections and the legal rights attached to each token.
With the market reaching a new high, competition among blockchain networks to capture tokenized equity trading and liquidity is intensifying.
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Verified
Sui Foundation Invests $30 Million in DATA Network to Expand AI Data InfrastructureThe Sui Foundation is investing $30 million in DATA Network as part of a strategic partnership to develop blockchain-based infrastructure for artificial intelligence (AI) training data. Under the agreement, DATA Network will migrate to the Sui blockchain, while its existing standalone blockchain will gradually be phased out.
According to The Block on October 11, the investment will make the Sui Foundation the largest holder of DATA tokens, alongside existing stakeholders PIP Labs and the DATA Foundation.
As part of the partnership, DATA Network will be integrated into the Sui ecosystem, while Walrus, Sui’s decentralized storage protocol, will become the default storage layer for applications operated by the DATA Foundation. The collaboration aims to provide AI research laboratories with access to real-world data that has verifiable provenance and clearly established usage rights.
A central component of the partnership is Trace, DATA Network’s on-chain registry for AI training data, launched in June 2026. Trace records data provenance and usage rights while supporting payments to data contributors. According to the DATA Foundation, the system has recorded more than 250 million contributions since launch and processes an average of over 3 million receipts per day.
Integrating Walrus is expected to strengthen the system’s ability to verify data provenance. In addition to recording registration information, the infrastructure can store encrypted references to original datasets, helping verify data integrity and audit subsequent processing. Such capabilities could become increasingly important as AI companies face growing pressure to demonstrate that their training data is lawfully sourced and properly licensed.
Under the proposed token migration, existing DATA tokens are expected to transition to the Sui ecosystem at a 1:1 ratio. DATA Network’s standalone blockchain will be decommissioned only after the migration is completed. The project said it would publish a detailed upgrade roadmap and migration plan before implementation, while the existing network continues operating in the meantime.
Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, an early contributor to Sui, said the AI industry is entering a phase in which high-quality datasets with verifiable provenance and usage rights are becoming increasingly important, rather than relying solely on publicly available internet data.
The deal comes as demand for AI training data continues to grow, particularly for datasets supported by contributor consent and verifiable provenance records. If successfully implemented, the integration of DATA Network and Walrus could expand Sui’s role beyond a Layer 1 blockchain into infrastructure for AI applications and on-chain data management.
However, the partnership’s long-term impact will depend on migration execution, the ability to attract additional AI customers, and actual adoption of Sui-based infrastructure. The $30 million investment alone does not guarantee a corresponding increase in demand for either SUI or DATA tokens.
Sui Foundation Invests $30 Million in DATA Network to Expand AI Data Infrastructure
The Sui Foundation is investing $30 million in DATA Network as part of a strategic partnership to develop blockchain-based infrastructure for artificial intelligence (AI) training data. Under the agreement, DATA Network will migrate to the Sui blockchain, while its existing standalone blockchain will gradually be phased out.
According to The Block on October 11, the investment will make the Sui Foundation the largest holder of DATA tokens, alongside existing stakeholders PIP Labs and the DATA Foundation.
As part of the partnership, DATA Network will be integrated into the Sui ecosystem, while Walrus, Sui’s decentralized storage protocol, will become the default storage layer for applications operated by the DATA Foundation. The collaboration aims to provide AI research laboratories with access to real-world data that has verifiable provenance and clearly established usage rights.
A central component of the partnership is Trace, DATA Network’s on-chain registry for AI training data, launched in June 2026. Trace records data provenance and usage rights while supporting payments to data contributors. According to the DATA Foundation, the system has recorded more than 250 million contributions since launch and processes an average of over 3 million receipts per day.
Integrating Walrus is expected to strengthen the system’s ability to verify data provenance. In addition to recording registration information, the infrastructure can store encrypted references to original datasets, helping verify data integrity and audit subsequent processing. Such capabilities could become increasingly important as AI companies face growing pressure to demonstrate that their training data is lawfully sourced and properly licensed.
Under the proposed token migration, existing DATA tokens are expected to transition to the Sui ecosystem at a 1:1 ratio. DATA Network’s standalone blockchain will be decommissioned only after the migration is completed. The project said it would publish a detailed upgrade roadmap and migration plan before implementation, while the existing network continues operating in the meantime.
Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, an early contributor to Sui, said the AI industry is entering a phase in which high-quality datasets with verifiable provenance and usage rights are becoming increasingly important, rather than relying solely on publicly available internet data.
The deal comes as demand for AI training data continues to grow, particularly for datasets supported by contributor consent and verifiable provenance records. If successfully implemented, the integration of DATA Network and Walrus could expand Sui’s role beyond a Layer 1 blockchain into infrastructure for AI applications and on-chain data management.
However, the partnership’s long-term impact will depend on migration execution, the ability to attract additional AI customers, and actual adoption of Sui-based infrastructure. The $30 million investment alone does not guarantee a corresponding increase in demand for either SUI or DATA tokens.
According to The Block on October 11, the investment will make the Sui Foundation the largest holder of DATA tokens, alongside existing stakeholders PIP Labs and the DATA Foundation.
As part of the partnership, DATA Network will be integrated into the Sui ecosystem, while Walrus, Sui’s decentralized storage protocol, will become the default storage layer for applications operated by the DATA Foundation. The collaboration aims to provide AI research laboratories with access to real-world data that has verifiable provenance and clearly established usage rights.
A central component of the partnership is Trace, DATA Network’s on-chain registry for AI training data, launched in June 2026. Trace records data provenance and usage rights while supporting payments to data contributors. According to the DATA Foundation, the system has recorded more than 250 million contributions since launch and processes an average of over 3 million receipts per day.
Integrating Walrus is expected to strengthen the system’s ability to verify data provenance. In addition to recording registration information, the infrastructure can store encrypted references to original datasets, helping verify data integrity and audit subsequent processing. Such capabilities could become increasingly important as AI companies face growing pressure to demonstrate that their training data is lawfully sourced and properly licensed.
Under the proposed token migration, existing DATA tokens are expected to transition to the Sui ecosystem at a 1:1 ratio. DATA Network’s standalone blockchain will be decommissioned only after the migration is completed. The project said it would publish a detailed upgrade roadmap and migration plan before implementation, while the existing network continues operating in the meantime.
Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, an early contributor to Sui, said the AI industry is entering a phase in which high-quality datasets with verifiable provenance and usage rights are becoming increasingly important, rather than relying solely on publicly available internet data.
The deal comes as demand for AI training data continues to grow, particularly for datasets supported by contributor consent and verifiable provenance records. If successfully implemented, the integration of DATA Network and Walrus could expand Sui’s role beyond a Layer 1 blockchain into infrastructure for AI applications and on-chain data management.
However, the partnership’s long-term impact will depend on migration execution, the ability to attract additional AI customers, and actual adoption of Sui-based infrastructure. The $30 million investment alone does not guarantee a corresponding increase in demand for either SUI or DATA tokens.
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Hyperliquid Revenue Surpasses $1.4B as HYPE Buybacks Top $1.26B
Hyperliquid’s cumulative protocol revenue has surpassed $1.4 billion, with more than $1.26 billion spent on open-market repurchases of its native HYPE token, according to a new report by Castle Labs. The report also found that Hyperliquid commands more than 56% of the onchain perpetual futures market by open interest.
The report highlighted Builder Codes, a mechanism that allows third-party wallets and applications to integrate Hyperliquid’s trading infrastructure and offer perpetual futures trading without developing their own systems. The model enables partners to generate revenue while expanding Hyperliquid’s user reach.
Phantom has generated more than $25 million in cumulative revenue through Builder Codes, while MetaMask has earned over $10.5 million.
The findings underscore Hyperliquid’s evolution from a decentralized perpetual futures exchange into a broader trading infrastructure platform. Its combination of trading activity, third-party integrations and $HYPE buybacks creates a direct link between protocol usage and demand for the token.
However, sustained revenue growth and token repurchases do not guarantee future price appreciation, which also depends on market conditions, competition and the protocol’s ability to maintain trading activity.
Hyperliquid Revenue Surpasses $1.4B as HYPE Buybacks Top $1.26B
Hyperliquid’s cumulative protocol revenue has surpassed $1.4 billion, with more than $1.26 billion spent on open-market repurchases of its native HYPE token, according to a new report by Castle Labs. The report also found that Hyperliquid commands more than 56% of the onchain perpetual futures market by open interest.
The report highlighted Builder Codes, a mechanism that allows third-party wallets and applications to integrate Hyperliquid’s trading infrastructure and offer perpetual futures trading without developing their own systems. The model enables partners to generate revenue while expanding Hyperliquid’s user reach.
Phantom has generated more than $25 million in cumulative revenue through Builder Codes, while MetaMask has earned over $10.5 million.
The findings underscore Hyperliquid’s evolution from a decentralized perpetual futures exchange into a broader trading infrastructure platform. Its combination of trading activity, third-party integrations and $HYPE buybacks creates a direct link between protocol usage and demand for the token.
However, sustained revenue growth and token repurchases do not guarantee future price appreciation, which also depends on market conditions, competition and the protocol’s ability to maintain trading activity.
Hyperliquid’s cumulative protocol revenue has surpassed $1.4 billion, with more than $1.26 billion spent on open-market repurchases of its native HYPE token, according to a new report by Castle Labs. The report also found that Hyperliquid commands more than 56% of the onchain perpetual futures market by open interest.
The report highlighted Builder Codes, a mechanism that allows third-party wallets and applications to integrate Hyperliquid’s trading infrastructure and offer perpetual futures trading without developing their own systems. The model enables partners to generate revenue while expanding Hyperliquid’s user reach.
Phantom has generated more than $25 million in cumulative revenue through Builder Codes, while MetaMask has earned over $10.5 million.
The findings underscore Hyperliquid’s evolution from a decentralized perpetual futures exchange into a broader trading infrastructure platform. Its combination of trading activity, third-party integrations and $HYPE buybacks creates a direct link between protocol usage and demand for the token.
However, sustained revenue growth and token repurchases do not guarantee future price appreciation, which also depends on market conditions, competition and the protocol’s ability to maintain trading activity.
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Bitcoin Needs a 36% Rally to Hit Citi’s $113,000 Price Target
Bitcoin needs to climb approximately 36% to reach Citigroup’s $113,000 price target over the next 12 months. The bank previously projected a target of $82,000, reflecting growing expectations that ETF inflows and institutional demand could support further gains.
Citi estimates that approximately $5 billion in fresh investment into crypto funds over the next year could help support its bullish outlook. However, institutional demand remains uneven, with spot Bitcoin ETFs experiencing periods of significant outflows.
The bank’s bullish scenario rests on three key factors: renewed inflows into Bitcoin ETFs, a more favorable macroeconomic environment, and further progress toward crypto-friendly regulations in the United States.
If ETF inflows accelerate and investor risk appetite remains strong, Bitcoin could move toward Citi’s $113,000 target over the next 12 months. Conversely, persistently high interest rates, weakening fund inflows, or regulatory delays could undermine the rally.
Citi’s $113,000 forecast is a 12-month price target, not a prediction of an immediate surge. The key question is whether sustained demand from ETFs and institutional investors will be strong enough to turn Bitcoin’s recovery into a lasting uptrend.
Bitcoin Needs a 36% Rally to Hit Citi’s $113,000 Price Target
Bitcoin needs to climb approximately 36% to reach Citigroup’s $113,000 price target over the next 12 months. The bank previously projected a target of $82,000, reflecting growing expectations that ETF inflows and institutional demand could support further gains.
Citi estimates that approximately $5 billion in fresh investment into crypto funds over the next year could help support its bullish outlook. However, institutional demand remains uneven, with spot Bitcoin ETFs experiencing periods of significant outflows.
The bank’s bullish scenario rests on three key factors: renewed inflows into Bitcoin ETFs, a more favorable macroeconomic environment, and further progress toward crypto-friendly regulations in the United States.
If ETF inflows accelerate and investor risk appetite remains strong, Bitcoin could move toward Citi’s $113,000 target over the next 12 months. Conversely, persistently high interest rates, weakening fund inflows, or regulatory delays could undermine the rally.
Citi’s $113,000 forecast is a 12-month price target, not a prediction of an immediate surge. The key question is whether sustained demand from ETFs and institutional investors will be strong enough to turn Bitcoin’s recovery into a lasting uptrend.
Bitcoin needs to climb approximately 36% to reach Citigroup’s $113,000 price target over the next 12 months. The bank previously projected a target of $82,000, reflecting growing expectations that ETF inflows and institutional demand could support further gains.
Citi estimates that approximately $5 billion in fresh investment into crypto funds over the next year could help support its bullish outlook. However, institutional demand remains uneven, with spot Bitcoin ETFs experiencing periods of significant outflows.
The bank’s bullish scenario rests on three key factors: renewed inflows into Bitcoin ETFs, a more favorable macroeconomic environment, and further progress toward crypto-friendly regulations in the United States.
If ETF inflows accelerate and investor risk appetite remains strong, Bitcoin could move toward Citi’s $113,000 target over the next 12 months. Conversely, persistently high interest rates, weakening fund inflows, or regulatory delays could undermine the rally.
Citi’s $113,000 forecast is a 12-month price target, not a prediction of an immediate surge. The key question is whether sustained demand from ETFs and institutional investors will be strong enough to turn Bitcoin’s recovery into a lasting uptrend.
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Bitcoin Nears 3-Week Low as Oil Prices Surge on Fears of US Strikes on Iran
Bitcoin fell toward $81,000 on October 8, approaching a three-week low as rising oil prices and escalating geopolitical tensions surrounding Iran weighed on investor sentiment.
TradingView data showed BTC briefly dropping to around $81,000 on Bitstamp after US stock markets opened. The decline put Bitcoin’s key $82,500 support level under pressure, raising concerns about further downside in the short term.
The sell-off followed reports that the United States could be preparing additional military action against Iran. According to NBC News, citing a Pentagon official and a source familiar with the matter, the developments fueled concerns about a potential escalation of the Middle East conflict and disruptions to global energy supplies.
Oil prices climbed sharply amid the uncertainty. West Texas Intermediate (WTI) crude briefly reached $93.20 per barrel, its highest level since October 2, while Brent crude rose to $105.88 per barrel. Higher energy prices have reignited concerns about persistent inflation, potentially forcing the Federal Reserve to maintain tighter monetary policy for longer.
US Treasury yields also sent a warning signal. The yield on the 30-year Treasury bond briefly climbed to 5.73%, its highest level in 24 years, before retreating to around 5.65%. Rising yields can pressure risk assets such as Bitcoin by increasing borrowing costs and making fixed-income investments more attractive.
Federal Reserve Governor Christopher Waller said the central bank might need to raise interest rates further if economic data develops as expected, in order to bring inflation back toward its 2% target. According to CME Group’s FedWatch tool, cited by Cointelegraph, market-implied odds of a 25-basis-point rate hike in December had climbed above 70%. Meanwhile, markets continued to favor holding rates steady at the Fed’s October meeting.
Bitcoin Nears 3-Week Low as Oil Prices Surge on Fears of US Strikes on Iran
Bitcoin fell toward $81,000 on October 8, approaching a three-week low as rising oil prices and escalating geopolitical tensions surrounding Iran weighed on investor sentiment.
TradingView data showed BTC briefly dropping to around $81,000 on Bitstamp after US stock markets opened. The decline put Bitcoin’s key $82,500 support level under pressure, raising concerns about further downside in the short term.
The sell-off followed reports that the United States could be preparing additional military action against Iran. According to NBC News, citing a Pentagon official and a source familiar with the matter, the developments fueled concerns about a potential escalation of the Middle East conflict and disruptions to global energy supplies.
Oil prices climbed sharply amid the uncertainty. West Texas Intermediate (WTI) crude briefly reached $93.20 per barrel, its highest level since October 2, while Brent crude rose to $105.88 per barrel. Higher energy prices have reignited concerns about persistent inflation, potentially forcing the Federal Reserve to maintain tighter monetary policy for longer.
US Treasury yields also sent a warning signal. The yield on the 30-year Treasury bond briefly climbed to 5.73%, its highest level in 24 years, before retreating to around 5.65%. Rising yields can pressure risk assets such as Bitcoin by increasing borrowing costs and making fixed-income investments more attractive.
Federal Reserve Governor Christopher Waller said the central bank might need to raise interest rates further if economic data develops as expected, in order to bring inflation back toward its 2% target. According to CME Group’s FedWatch tool, cited by Cointelegraph, market-implied odds of a 25-basis-point rate hike in December had climbed above 70%. Meanwhile, markets continued to favor holding rates steady at the Fed’s October meeting.
Bitcoin fell toward $81,000 on October 8, approaching a three-week low as rising oil prices and escalating geopolitical tensions surrounding Iran weighed on investor sentiment.
TradingView data showed BTC briefly dropping to around $81,000 on Bitstamp after US stock markets opened. The decline put Bitcoin’s key $82,500 support level under pressure, raising concerns about further downside in the short term.
The sell-off followed reports that the United States could be preparing additional military action against Iran. According to NBC News, citing a Pentagon official and a source familiar with the matter, the developments fueled concerns about a potential escalation of the Middle East conflict and disruptions to global energy supplies.
Oil prices climbed sharply amid the uncertainty. West Texas Intermediate (WTI) crude briefly reached $93.20 per barrel, its highest level since October 2, while Brent crude rose to $105.88 per barrel. Higher energy prices have reignited concerns about persistent inflation, potentially forcing the Federal Reserve to maintain tighter monetary policy for longer.
US Treasury yields also sent a warning signal. The yield on the 30-year Treasury bond briefly climbed to 5.73%, its highest level in 24 years, before retreating to around 5.65%. Rising yields can pressure risk assets such as Bitcoin by increasing borrowing costs and making fixed-income investments more attractive.
Federal Reserve Governor Christopher Waller said the central bank might need to raise interest rates further if economic data develops as expected, in order to bring inflation back toward its 2% target. According to CME Group’s FedWatch tool, cited by Cointelegraph, market-implied odds of a 25-basis-point rate hike in December had climbed above 70%. Meanwhile, markets continued to favor holding rates steady at the Fed’s October meeting.
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US Government Moves Another $1 Billion in Seized Bitcoin in a Single Transaction
The US government transferred more than 12,267 Bitcoin worth approximately $1.01 billion in a single transaction, adding to a series of major movements involving seized cryptocurrency, according to blockchain data reported by Cointelegraph on October 8.
The transfer occurred just hours after US government-linked wallets moved another $770 million in Bitcoin to Coinbase Prime, fueling speculation about the potential implications for the crypto market.
Blockchain analytics firm Arkham Intelligence linked the wallet involved in the $1 billion transfer to Bitcoin recovered from the 2016 Bitfinex hack, one of the largest cryptocurrency thefts in history. Hackers originally stole approximately 119,756 BTC from the exchange, and US authorities subsequently recovered more than 94,000 BTC connected to the case.
The recipient address for the latest transfer had not been publicly identified at the time of reporting. Unlike the earlier $770 million movement, which involved transfers to Coinbase Prime, the $1 billion transaction was sent to an unidentified wallet, and there was no confirmed evidence that the Bitcoin had been sold.
The movements have attracted attention because the US government holds a substantial Bitcoin reserve accumulated through criminal investigations and asset seizures. Estimates cited by Cointelegraph put government holdings at approximately 328,372 BTC in 2026.
In March 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve. The order specified that Bitcoin deposited into the reserve from government seizures should not be sold. However, efforts to codify the reserve into law were still ongoing at the time of publication.
The latest transfers have therefore raised questions about whether the government is reorganizing its custody arrangements, moving assets between wallets or preparing for other administrative actions. The US Marshals Service and the Department of Justice had not immediately commented on the transactions.
US Government Moves Another $1 Billion in Seized Bitcoin in a Single Transaction
The US government transferred more than 12,267 Bitcoin worth approximately $1.01 billion in a single transaction, adding to a series of major movements involving seized cryptocurrency, according to blockchain data reported by Cointelegraph on October 8.
The transfer occurred just hours after US government-linked wallets moved another $770 million in Bitcoin to Coinbase Prime, fueling speculation about the potential implications for the crypto market.
Blockchain analytics firm Arkham Intelligence linked the wallet involved in the $1 billion transfer to Bitcoin recovered from the 2016 Bitfinex hack, one of the largest cryptocurrency thefts in history. Hackers originally stole approximately 119,756 BTC from the exchange, and US authorities subsequently recovered more than 94,000 BTC connected to the case.
The recipient address for the latest transfer had not been publicly identified at the time of reporting. Unlike the earlier $770 million movement, which involved transfers to Coinbase Prime, the $1 billion transaction was sent to an unidentified wallet, and there was no confirmed evidence that the Bitcoin had been sold.
The movements have attracted attention because the US government holds a substantial Bitcoin reserve accumulated through criminal investigations and asset seizures. Estimates cited by Cointelegraph put government holdings at approximately 328,372 BTC in 2026.
In March 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve. The order specified that Bitcoin deposited into the reserve from government seizures should not be sold. However, efforts to codify the reserve into law were still ongoing at the time of publication.
The latest transfers have therefore raised questions about whether the government is reorganizing its custody arrangements, moving assets between wallets or preparing for other administrative actions. The US Marshals Service and the Department of Justice had not immediately commented on the transactions.
The US government transferred more than 12,267 Bitcoin worth approximately $1.01 billion in a single transaction, adding to a series of major movements involving seized cryptocurrency, according to blockchain data reported by Cointelegraph on October 8.
The transfer occurred just hours after US government-linked wallets moved another $770 million in Bitcoin to Coinbase Prime, fueling speculation about the potential implications for the crypto market.
Blockchain analytics firm Arkham Intelligence linked the wallet involved in the $1 billion transfer to Bitcoin recovered from the 2016 Bitfinex hack, one of the largest cryptocurrency thefts in history. Hackers originally stole approximately 119,756 BTC from the exchange, and US authorities subsequently recovered more than 94,000 BTC connected to the case.
The recipient address for the latest transfer had not been publicly identified at the time of reporting. Unlike the earlier $770 million movement, which involved transfers to Coinbase Prime, the $1 billion transaction was sent to an unidentified wallet, and there was no confirmed evidence that the Bitcoin had been sold.
The movements have attracted attention because the US government holds a substantial Bitcoin reserve accumulated through criminal investigations and asset seizures. Estimates cited by Cointelegraph put government holdings at approximately 328,372 BTC in 2026.
In March 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve. The order specified that Bitcoin deposited into the reserve from government seizures should not be sold. However, efforts to codify the reserve into law were still ongoing at the time of publication.
The latest transfers have therefore raised questions about whether the government is reorganizing its custody arrangements, moving assets between wallets or preparing for other administrative actions. The US Marshals Service and the Department of Justice had not immediately commented on the transactions.
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China’s P2P Stablecoin Wallets Surge 43-Fold Despite Crypto Restrictions: Chainalysis
The number of unique wallets sending peer-to-peer (P2P) stablecoin transactions in China increased 43-fold between the first quarter of 2024 and the second quarter of 2026, according to a new report from blockchain analytics firm Chainalysis.
During the reporting period from July 2025 to June 2026, Chainalysis recorded $104.1 billion in transaction volume across 18.1 million transfers involving stablecoins held in self-custody wallets in China.
Notably, these stablecoin holdings circulated at an annualized rate of 33.2 times, more than three times the global average of 9.3 times. Chainalysis said the high turnover rate was consistent with users treating stablecoins as working capital for transactions and payments rather than simply holding them as long-term investments.
The report estimated that China’s crypto economy was worth at least $176 billion. Domestic P2P activity accounted for 59.1% of the total, representing a share 3.5 times higher than that recorded during the 2025 reporting period.
The growth comes despite mainland China maintaining strict restrictions on cryptocurrency trading. However, Chainalysis’s data suggests that stablecoin transactions between individuals continue to expand through self-custody wallets and peer-to-peer transfer networks.
Stablecoins, particularly dollar-pegged assets such as USDT and USDC, can serve as tools for transferring value across borders, making payments and maintaining exposure to the US dollar. In markets where cryptocurrency activities face regulatory restrictions, P2P transactions can provide alternative channels for exchanging value outside traditional centralized exchanges.
However, a 43-fold increase in unique wallets does not necessarily mean the number of actual users grew by the same multiple, as one individual can control multiple wallets. Likewise, total transaction volume does not necessarily represent new capital entering the market, since the same stablecoins can circulate through multiple transfers.
China’s P2P Stablecoin Wallets Surge 43-Fold Despite Crypto Restrictions: Chainalysis
The number of unique wallets sending peer-to-peer (P2P) stablecoin transactions in China increased 43-fold between the first quarter of 2024 and the second quarter of 2026, according to a new report from blockchain analytics firm Chainalysis.
During the reporting period from July 2025 to June 2026, Chainalysis recorded $104.1 billion in transaction volume across 18.1 million transfers involving stablecoins held in self-custody wallets in China.
Notably, these stablecoin holdings circulated at an annualized rate of 33.2 times, more than three times the global average of 9.3 times. Chainalysis said the high turnover rate was consistent with users treating stablecoins as working capital for transactions and payments rather than simply holding them as long-term investments.
The report estimated that China’s crypto economy was worth at least $176 billion. Domestic P2P activity accounted for 59.1% of the total, representing a share 3.5 times higher than that recorded during the 2025 reporting period.
The growth comes despite mainland China maintaining strict restrictions on cryptocurrency trading. However, Chainalysis’s data suggests that stablecoin transactions between individuals continue to expand through self-custody wallets and peer-to-peer transfer networks.
Stablecoins, particularly dollar-pegged assets such as USDT and USDC, can serve as tools for transferring value across borders, making payments and maintaining exposure to the US dollar. In markets where cryptocurrency activities face regulatory restrictions, P2P transactions can provide alternative channels for exchanging value outside traditional centralized exchanges.
However, a 43-fold increase in unique wallets does not necessarily mean the number of actual users grew by the same multiple, as one individual can control multiple wallets. Likewise, total transaction volume does not necessarily represent new capital entering the market, since the same stablecoins can circulate through multiple transfers.
The number of unique wallets sending peer-to-peer (P2P) stablecoin transactions in China increased 43-fold between the first quarter of 2024 and the second quarter of 2026, according to a new report from blockchain analytics firm Chainalysis.
During the reporting period from July 2025 to June 2026, Chainalysis recorded $104.1 billion in transaction volume across 18.1 million transfers involving stablecoins held in self-custody wallets in China.
Notably, these stablecoin holdings circulated at an annualized rate of 33.2 times, more than three times the global average of 9.3 times. Chainalysis said the high turnover rate was consistent with users treating stablecoins as working capital for transactions and payments rather than simply holding them as long-term investments.
The report estimated that China’s crypto economy was worth at least $176 billion. Domestic P2P activity accounted for 59.1% of the total, representing a share 3.5 times higher than that recorded during the 2025 reporting period.
The growth comes despite mainland China maintaining strict restrictions on cryptocurrency trading. However, Chainalysis’s data suggests that stablecoin transactions between individuals continue to expand through self-custody wallets and peer-to-peer transfer networks.
Stablecoins, particularly dollar-pegged assets such as USDT and USDC, can serve as tools for transferring value across borders, making payments and maintaining exposure to the US dollar. In markets where cryptocurrency activities face regulatory restrictions, P2P transactions can provide alternative channels for exchanging value outside traditional centralized exchanges.
However, a 43-fold increase in unique wallets does not necessarily mean the number of actual users grew by the same multiple, as one individual can control multiple wallets. Likewise, total transaction volume does not necessarily represent new capital entering the market, since the same stablecoins can circulate through multiple transfers.
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Verified
Bitwise’s latest report argues that NEAR is building a “settlement engine fast and cheap enough for AI-scale commerce.”
According to Bitwise, NEAR is creating a flywheel in which more AI agents generate more transactions through NEAR Intents, while increased Intents activity drives more settlement on the NEAR Protocol.
NEAR Intents has processed more than $30 billion in cumulative volume. Over the past 30 days, volume surpassed $4 billion, up 896% year over year, while revenue exceeded $2 million, up 512%.
Bitwise also highlighted that $NEAR Intents continued to post significant growth through the late stages of the recent crypto winter, with demand accelerating as the broader market rebounded.
Looking ahead, Bitwise believes the biggest opportunity could come from AI agents. If AI agents become dominant users of digital infrastructure and NEAR becomes the settlement layer where they transact, the value unlocked for the NEAR ecosystem could be enormous.
Bitwise’s latest report argues that NEAR is building a “settlement engine fast and cheap enough for AI-scale commerce.”
According to Bitwise, NEAR is creating a flywheel in which more AI agents generate more transactions through NEAR Intents, while increased Intents activity drives more settlement on the NEAR Protocol.
NEAR Intents has processed more than $30 billion in cumulative volume. Over the past 30 days, volume surpassed $4 billion, up 896% year over year, while revenue exceeded $2 million, up 512%.
Bitwise also highlighted that $NEAR Intents continued to post significant growth through the late stages of the recent crypto winter, with demand accelerating as the broader market rebounded.
Looking ahead, Bitwise believes the biggest opportunity could come from AI agents. If AI agents become dominant users of digital infrastructure and NEAR becomes the settlement layer where they transact, the value unlocked for the NEAR ecosystem could be enormous.
According to Bitwise, NEAR is creating a flywheel in which more AI agents generate more transactions through NEAR Intents, while increased Intents activity drives more settlement on the NEAR Protocol.
NEAR Intents has processed more than $30 billion in cumulative volume. Over the past 30 days, volume surpassed $4 billion, up 896% year over year, while revenue exceeded $2 million, up 512%.
Bitwise also highlighted that $NEAR Intents continued to post significant growth through the late stages of the recent crypto winter, with demand accelerating as the broader market rebounded.
Looking ahead, Bitwise believes the biggest opportunity could come from AI agents. If AI agents become dominant users of digital infrastructure and NEAR becomes the settlement layer where they transact, the value unlocked for the NEAR ecosystem could be enormous.
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Google Cloud partners with Mysten Labs to build infrastructure for verifying AI agent actions
Google Cloud and Mysten Labs, the developer of the Sui blockchain, are jointly developing Verifiable Agent Arbiter (VAA) — an infrastructure layer designed to help enterprises cryptographically prove that AI agents operate strictly within their authorized boundaries.
VAA separates operational data from cryptographic proofs. Prompts, outputs, tool calls and policy decisions remain private in customer-managed Google Cloud Storage, while cryptographic integrity proofs are anchored through the Walrus storage protocol and coordinated via the Sui blockchain.
The system is designed to resolve disputes between enterprise AI agents, trace prompt injection attempts and unauthorized actions, while enabling organizations to reconstruct an agent’s execution process and identify where failures occurred.
VAA also integrates A2A and the x402 payment standard, allowing AI agents to autonomously discover services, pay for APIs and create verifiable onchain trails linking authorization → spending decisions → service execution.
Mysten Labs said initial enterprise deployments will take place before VAA is expanded more broadly. $SUI
Google Cloud partners with Mysten Labs to build infrastructure for verifying AI agent actions
Google Cloud and Mysten Labs, the developer of the Sui blockchain, are jointly developing Verifiable Agent Arbiter (VAA) — an infrastructure layer designed to help enterprises cryptographically prove that AI agents operate strictly within their authorized boundaries.
VAA separates operational data from cryptographic proofs. Prompts, outputs, tool calls and policy decisions remain private in customer-managed Google Cloud Storage, while cryptographic integrity proofs are anchored through the Walrus storage protocol and coordinated via the Sui blockchain.
The system is designed to resolve disputes between enterprise AI agents, trace prompt injection attempts and unauthorized actions, while enabling organizations to reconstruct an agent’s execution process and identify where failures occurred.
VAA also integrates A2A and the x402 payment standard, allowing AI agents to autonomously discover services, pay for APIs and create verifiable onchain trails linking authorization → spending decisions → service execution.
Mysten Labs said initial enterprise deployments will take place before VAA is expanded more broadly. $SUI
Google Cloud and Mysten Labs, the developer of the Sui blockchain, are jointly developing Verifiable Agent Arbiter (VAA) — an infrastructure layer designed to help enterprises cryptographically prove that AI agents operate strictly within their authorized boundaries.
VAA separates operational data from cryptographic proofs. Prompts, outputs, tool calls and policy decisions remain private in customer-managed Google Cloud Storage, while cryptographic integrity proofs are anchored through the Walrus storage protocol and coordinated via the Sui blockchain.
The system is designed to resolve disputes between enterprise AI agents, trace prompt injection attempts and unauthorized actions, while enabling organizations to reconstruct an agent’s execution process and identify where failures occurred.
VAA also integrates A2A and the x402 payment standard, allowing AI agents to autonomously discover services, pay for APIs and create verifiable onchain trails linking authorization → spending decisions → service execution.
Mysten Labs said initial enterprise deployments will take place before VAA is expanded more broadly. $SUI
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🚨 SHOCKING: AI could crack Bitcoin before Q-Day, possibly within MONTHS, putting Satoshi’s 1 MILLION BTC at risk.
Justin Drake, a researcher at the Ethereum Foundation, warns that in the worst-case scenario, advances in mathematics and AI could break the cryptography protecting Bitcoin “within months, not years.”
This could happen before “Q-Day” — the point when quantum computers become powerful enough to break today’s cryptographic systems.
By “break,” Drake means recovering private keys quickly enough to steal funds, potentially within a week using a large GPU cluster. Whoever controls your private key controls your Bitcoin.
Drake says OpenAI’s latest breakthrough shows that “mathematical superintelligence is upon us.”
Satoshi’s 1 million BTC could be exposed
Most Bitcoin wallets reveal their public key when they make their first outgoing transaction. That public key could potentially become the starting point for recovering the corresponding private key if the underlying cryptography is ever broken.
Drake estimates that Satoshi Nakamoto has around 20,000 addresses holding 50 BTC each — roughly 1 MILLION BTC in total.
He went further, pointing to what he called the “striking under-representation of cryptographic breakthroughs” among the 722 mathematical results published by OpenAI.
Drake also claims he has personally witnessed the U.S. government censoring academic research into quantum cryptanalysis, saying that “backroom interventionism” is his base case.
What does Drake recommend?
Bitcoin holders, especially large holders, should consider:
• Moving most funds to addresses that have never sent a transaction.
• After spending from an address, moving the remaining balance to a fresh address.
• The new address can be generated from the same seed phrase — no new wallet or new cryptography is necessarily required.
Drake describes this as a simple preventative measure.
⚠️ Important: This is an extreme-risk scenario, not evidence that Bitcoin’s cryptography has already been broken or that private keys can currently be recovered in months.
🚨 SHOCKING: AI could crack Bitcoin before Q-Day, possibly within MONTHS, putting Satoshi’s 1 MILLION BTC at risk.
Justin Drake, a researcher at the Ethereum Foundation, warns that in the worst-case scenario, advances in mathematics and AI could break the cryptography protecting Bitcoin “within months, not years.”
This could happen before “Q-Day” — the point when quantum computers become powerful enough to break today’s cryptographic systems.
By “break,” Drake means recovering private keys quickly enough to steal funds, potentially within a week using a large GPU cluster. Whoever controls your private key controls your Bitcoin.
Drake says OpenAI’s latest breakthrough shows that “mathematical superintelligence is upon us.”
Satoshi’s 1 million BTC could be exposed
Most Bitcoin wallets reveal their public key when they make their first outgoing transaction. That public key could potentially become the starting point for recovering the corresponding private key if the underlying cryptography is ever broken.
Drake estimates that Satoshi Nakamoto has around 20,000 addresses holding 50 BTC each — roughly 1 MILLION BTC in total.
He went further, pointing to what he called the “striking under-representation of cryptographic breakthroughs” among the 722 mathematical results published by OpenAI.
Drake also claims he has personally witnessed the U.S. government censoring academic research into quantum cryptanalysis, saying that “backroom interventionism” is his base case.
What does Drake recommend?
Bitcoin holders, especially large holders, should consider:
• Moving most funds to addresses that have never sent a transaction.
• After spending from an address, moving the remaining balance to a fresh address.
• The new address can be generated from the same seed phrase — no new wallet or new cryptography is necessarily required.
Drake describes this as a simple preventative measure.
⚠️ Important: This is an extreme-risk scenario, not evidence that Bitcoin’s cryptography has already been broken or that private keys can currently be recovered in months.
Justin Drake, a researcher at the Ethereum Foundation, warns that in the worst-case scenario, advances in mathematics and AI could break the cryptography protecting Bitcoin “within months, not years.”
This could happen before “Q-Day” — the point when quantum computers become powerful enough to break today’s cryptographic systems.
By “break,” Drake means recovering private keys quickly enough to steal funds, potentially within a week using a large GPU cluster. Whoever controls your private key controls your Bitcoin.
Drake says OpenAI’s latest breakthrough shows that “mathematical superintelligence is upon us.”
Satoshi’s 1 million BTC could be exposed
Most Bitcoin wallets reveal their public key when they make their first outgoing transaction. That public key could potentially become the starting point for recovering the corresponding private key if the underlying cryptography is ever broken.
Drake estimates that Satoshi Nakamoto has around 20,000 addresses holding 50 BTC each — roughly 1 MILLION BTC in total.
He went further, pointing to what he called the “striking under-representation of cryptographic breakthroughs” among the 722 mathematical results published by OpenAI.
Drake also claims he has personally witnessed the U.S. government censoring academic research into quantum cryptanalysis, saying that “backroom interventionism” is his base case.
What does Drake recommend?
Bitcoin holders, especially large holders, should consider:
• Moving most funds to addresses that have never sent a transaction.
• After spending from an address, moving the remaining balance to a fresh address.
• The new address can be generated from the same seed phrase — no new wallet or new cryptography is necessarily required.
Drake describes this as a simple preventative measure.
⚠️ Important: This is an extreme-risk scenario, not evidence that Bitcoin’s cryptography has already been broken or that private keys can currently be recovered in months.
174
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