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the fed's september minutes are out. most officials think another rate hike this year is likely appropriate.
bitcoin moved about 0.18% in the first five minutes, from roughly $83,159 to $83,306 on binance. the S&P 500 and gold barely moved.
why so quiet: almost none of it was new. the fed's own projections already pointed to one more hike back on sept 16. and the minutes were written before the september jobs report, when employers added about 29,000 jobs against forecasts near 90,000.
traders had already cut the odds of an october hike to around 20%, from about 55% a week earlier.
next up: september CPI on oct 14, then the fed decision on oct 28.
my take: these minutes describe the fed as it was three weeks ago. i'd watch the oct 14 inflation print, not this headline.
pudgy penguins says it lost "8 figures" running its own ethereum L2. it still refused to launch a token to keep it alive.
abstract shuts down on dec 15. about $76M is still bridged to it, per DefiLlama data cited by CoinDesk.
that makes it the second ethereum L2 to quit in under a week. blast announced its wind-down on oct 2, and blast had a token.
if you still have funds on abstract, bridge out before dec 15 through the official migration hub or the native bridge (about a 3 hour delay). funds left after the deadline become inaccessible. abstract also warns about fake migration sites, so ignore links in DMs and replies.
my take: a token doesn't fix a chain nobody uses. pudgy chose not to pretend otherwise.
Opening a market app and trying to figure out what matters is the old way?
Binance AI is a free assistant inside the Binance app for eligible users. It can give you a personal Market Brief, track what moved in your Favourites, and let you ask a follow up in plain language.
Crypto, stocks, ETFs and macro, in one place, built around what you hold.
the US government moved $103M of seized crypto on tuesday. that's under 0.4% of what it still holds.
833.6 BTC, about $71.6M, ended up at Coinbase Prime deposit addresses, per Arkham data.
40,285 BNB, about $31.6M, came from assets seized from Alameda. it hopped through unlabeled wallets and hasn't touched a labeled exchange address.
no sale has been confirmed, and there's been no statement from the DOJ or Treasury.
government-linked wallets still hold about $27.5B in crypto, all of it from seizures.
my take: Coinbase Prime also does custody, so this can just be coins changing vaults. i'd wait for an actual sell on-chain before trading the headline.
when government wallets start moving, do you sell first or wait for proof?
binance opens 4 tokenized stocks for spot trading today at 12:00 UTC, that's 6 PM Dhaka.
JPMorgan, Eli Lilly, Securitize and StablecoinX. tickers JPMB, LLYB, SECZB and USDEB, all against USDT.
zero maker fees on those pairs until Oct 31. they also count as margin collateral from day one, but you can't borrow them.
the line i'd read twice is in binance's own fine print: bStocks "are not stocks or shares" and don't give you direct ownership of a share in the company.
so you get the price exposure in your binance account. you don't become a shareholder.
and it's closed to anyone in the US.
my take: handy if you want stock exposure next to your crypto without opening a broker account. just be clear on what you're holding.
would you buy JPMorgan on binance, or keep stocks with a broker?
about $400M in crypto longs got liquidated in one hour this morning.
bitcoin dropped roughly $2,000 in 20 minutes and slipped under $84K. that was all it took.
the part i keep looking at: $ETH longs took the bigger hit, about $155M vs $116M for $BTC , per CoinGlass. the biggest single wipeout was a $26.6M ETH long on Binance.
spot holders barely felt it. BTC is down under 2% on the day.
and it hardly touched the leverage. open interest is still around $150B, so this flush cleared roughly 0.3% of it.
my take: a small dip only turns into a trapdoor when this much borrowed money is stacked on one side. if you're in spot, mornings like this are mostly noise.
are you trading with leverage right now, or sitting this one out in spot?
tether froze $2.76M of a payments company's USDT more than a year ago. now that company is suing.
it's Conduit. it moves money across 100+ countries using USDT and USDC, and says the frozen wallet was basically its operating bank account.
its side of the story: the freeze traces back to a Brazilian police case about a former customer, one that stopped using Conduit in April 2025. that's about a month before this wallet even existed. Conduit says police never flagged the wallet, a Brazilian court said Conduit wasn't under investigation, and Tether never explained the freeze.
it's asking a New York court for the $2.76M back, plus another $2.76M in damages, including the interest Tether earned on the reserves while the coins sat locked.
these are Conduit's claims. we haven't seen Tether's response yet.
my take: freezes help catch hackers, and i'm glad they exist. but a stablecoin balance is only yours for as long as the issuer agrees it is.
does that change how much you keep in stablecoins, or which ones you hold?
someone just pulled 200 WETH, about $538K, out of a bot that's been sitting dead since 2020.
it was a third-party liquidation bot for MakerDAO. in 2020 it won 4 ETH auctions, 50 WETH each, and never called the function to actually claim them. so the ETH just sat there.
the bot's withdraw function had no access check. anyone could call it.
today a fresh wallet funded through Tornado Cash did exactly that. MakerDAO's own contracts weren't touched. this was the bot's code.
nobody found a new trick here. someone just read old code more carefully than the people who wrote it.
same thing applies to us. old token approvals don't expire because you forgot about them.
when did you last check what your wallet has approved?
the US just dropped a crypto rule that sat on the table for almost 6 years.
the 2020 plan: send more than $10,000 between a US exchange and your own wallet, and it gets reported to FinCEN. records kept from $3,000. smaller transfers counted too if they added up past $10k in 24 hours.
it never took effect. this week Treasury withdrew it, along with a 2023 proposal aimed at mixers.
honestly this matters more than most of today's headlines. moving $BTC to a wallet you control shouldn't come with paperwork.
the catch: nothing stops Treasury from proposing something similar later. Coin Center already pointed that out.
where do you keep most of your coins, on an exchange or in your own wallet?
binance will now charge 19.99 USDC a month to let an AI run your strategy live.
it's called Binance Intelligence. the free part gives you a market brief every 4 hours, pnl summaries and alerts. premium deploys your strategy live, starting late october.
honestly the free brief is the part i'd use.
most people don't lose money because they lack a strategy. they lose it because they can't sit still. an AI that turns every idea into a live trade could make that worse.
would you let an AI trade live on your account, or just read the briefs?
Tokenized stocks went from about $0.7B in January to $3B in September. The wider RWA market is at $38B, up 50% this year. Stocks already make up roughly 8% of it.
bStocks launched in late June and is already around $0.8B. That is about a quarter of the whole sector, and it is the most transferred tokenized stock on chain.