Bitcoin is back above $82,000, but institutions are still pulling money out. US spot Bitcoin ETFs recorded -$729 MILLION in outflows in just 2 days, including -$484.9 million on October 7th and -$244.1 million on October 8th. At the same time, ~$1 billion in leveraged crypto positions were liquidated during this week's sell-off. $BTC now needs to reclaim $82,500 as support, while $87,400 remains the key resistance before $90,000.
Bitcoin is back above $82,000, but institutions are still pulling money out. US spot Bitcoin ETFs recorded -$729 MILLION in outflows in just 2 days, including -$484.9 million on October 7th and -$244.1 million on October 8th. At the same time, ~$1 billion in leveraged crypto positions were liquidated during this week's sell-off. $BTC now needs to reclaim $82,500 as support, while $87,400 remains the key resistance before $90,000.
Starknet, $STRK , is up +19% today and has nearly doubled over the past month. @StarkWareLtd CEO @EliBenSasson said Starknet is weighing options to defend against quantum computing and AI security threats. One option is turning Starknet into its own layer-1, so it can handle a security migration without depending on Ethereum.
🚨 3 CRYPTO UPDATES - OCTOBER 8 1️⃣ Bitcoin Under Pressure 📉 BTC hovers near $83K after dropping below $84K. Rising oil prices, Treasury yields, and a stronger dollar are pressuring risk assets. 2️⃣ Bitcoin ETF Reversal 💸 U.S. spot Bitcoin ETFs saw $484.9M in net outflows on Oct 7, reversing the prior day’s $118.8M inflow. Ethereum ETFs also lost $160.9M, marking a 7-session losing streak. 3️⃣ $23.5M STABLE Token Unlock 🔓 Approximately 888.9M STABLE tokens (worth $23.5M) unlock today, representing 3.4% of circulating supply. Watch for selling pressure.
$ALGO is up around 9% today and roughly 35% over the past month. The rally follows: @Algorand post-quantum AVM v5.0 upgrade, a new @AlgoFoundation CEO from Chainlink, and growing AI agent payments through Coinbase's x402. The SEC also treats ALGO as a digital commodity, which removed an old securities overhang. Is this the start of an $ALGO comeback?
Greece is preparing a 10% tax on crypto profits. A new draft bill would tax crypto capital gains at 10%, while gains below €500 per year would stay tax-free. Across Europe, crypto tax rates range from 8% to 30%, which puts Greece near the lowest end.
Les actions de Webull ($BULL) ont chuté de 22 % avant l’ouverture après qu’un rapport du Congrès a affirmé que la société de courtage « américaine » était liée à la Chine. L’entreprise détient 24,6 MILLIARDS de dollars d’actifs clients, et environ 90 % de son chiffre d’affaires en 2025 provenait de clients américains.
Several major tokens have doubled from their 2026 lows, and some have done far more: 1. Zcash, $ZEC , went from below $200 in March to above $1,000 in September, a 5x+ move 2. Hyperliquid, $HYPE , climbed ~4x from a low near $21 earlier this year to a new all-time high in September. 3. Aave, $AAVE , is up more than +150% from its June low of ~$61, as Aave V4 crossed $1 billion in deposits. 4. Solana, $SOL , has doubled from its June low of $60.39 to around $120. 5. Filecoin, $FIL has nearly doubled from its August low of $0.61 ahead of a ~75% supply cut.
8 Layer 2 networks have shut down or announced shutdowns in 2026: 1. Mint Blockchain, an NFT-focused L2, ceased operations in April, and users have until October 20th to withdraw. 2. Zerion's Zero Network stopped producing blocks on July 31st so the team could focus on its wallet. 3. Botanix, a Bitcoin L2, shut down in July because its fee revenue could not cover its costs. 4. Sophon is winding down after spending ~$3.4 million per year to run a chain that earned ~$30 in daily fees. 5. Loopring, Ethereum's first ZK rollup, shut down in June after its TVL fell ~99% from its $760 million peak. 6. Polygon zkEVM switched off its sequencer on July 1st after it failed to grow traffic or liquidity. 7. Blast is shutting down after its TVL collapsed -98% from $2.2 BILLION to ~$32 million. 8. Abstract will close on December 15th after losing tens of millions of dollars in two years. Which L2 do you think is next?
Le Bitcoin est passé de 86 600 $ à 83 800 $ pendant la nuit, et environ 2 000 $ de cette baisse se sont produits en moins de 30 minutes. Le déclencheur était d’ordre macroéconomique. L’Iran a intensifié ses attaques contre des pétroliers dans le détroit d’Ormuz, le Brent s’est rapproché de 101,50 $ et le rendement des bons du Trésor à 10 ans a grimpé à 5,31 %. L’effet de levier a aggravé la situation : plus de 400 millions de dollars de positions longues ont été liquidés en une heure environ, après que le Bitcoin est passé sous les 84 000 $. Le Bitcoin est maintenant de retour au bas de sa fourchette, entre 83 000 $ et 87 000 $. Les acheteurs le défendront-ils une fois de plus ?
Running the world's largest crypto exchange is not a normal job. Binance co-CEO @heyibinance revealed in an AMA that she was pregnant during an event in Hong Kong earlier this year, but said she lost the baby because she was too exhausted at the time. She is now pregnant again. Yet she says her daily workload "hasn't decreased at all," and she still works from the same small cubicle seen in photos, chatting with the community every day. We wish her and her family a healthy pregnancy.
@ether_fi just announced EtherFi USD, a stablecoin powered by @ethena Whitelabel. EtherFi holds over $300M in stablecoin deposits, and Ethena will manage the reserves, minting, redemptions, and compliance. Meanwhile, cumulative spend on the EtherFi Cash card has grown ~5x since the end of 2025, to nearly $1 billion across 100,000+ active cards. At ~4% yields, that is $12 million per year.
🚨 3 CRYPTO UPDATES - OCTOBER 6 1️⃣ ₿ Bitcoin stalls at $87K Trading at $85.5K after rejection at $87K. Rising global bond yields pressure risk assets. 2️⃣ 💰 BTC ETFs: $89.8M outflow U.S. spot Bitcoin ETFs saw $89.8M net outflow on Oct 5. Previous five days totaled +$120M. 3️⃣ 🏛 U.S. crypto regulation advances CFTC proposed a federal framework for leveraged/margined crypto platforms. Includes new regulated category, anti-manipulation controls, and proof-of-reserves.
Long-term US borrowing costs just hit a 24-YEAR high On Monday, the 10Y Treasury yield reached its highest level since April 2002, while the 30Y yield hit its highest since May 2002. Today, the 10Y sits at ~5.28% and the 30Y at ~5.64%, after a pullback of just ~3 basis points.
BitMine is holding about 6.02M ETH, equal to roughly 4.9% of Ethereum’s total supply. Its ETH position is still sitting on an estimated $3.6B unrealized loss. ETH would need to rise to around $3,300 just for BitMine’s stack to get back to breakeven. BitMine stock is down 14% this year, compared with ETH being down around 9%.