Bitcoin’s funding rate turned positive as the cryptocurrency held the $80,000 level. Will an uptick in spot ETF inflows trigger a rally to $85,000?
BitMEX, the crypto exchange founded by Arthur Hayes, announced its shutdown on Sept. 23, giving customers two months to close positions and withdraw funds. New registrations have stopped, and a monthly fee will apply to remaining KYC-verified assets after the deadline.
BlackRock, Coinbase, and Strategy are among nine firms forming the Bitcoin Security Consortium, investing $15 million to fund research against future quantum computing threats. The initiative aims to support developers in creating quantum-resistant cryptography for Bitcoin, addressing a theoretical vulnerability that could expose billions in BTC.
Ether (ETH) is becoming more attractive from a valuation perspective compared to Bitcoin (BTC), trading 17% below its realized price. Onchain data shows improving metrics like declining exchange inflows and rising staking, but only two of CryptoQuant's five bottoming indicators are confirmed, suggesting a definitive market bottom is still forming.
Bitcoin dropped below $65,000 to three-day lows as escalating US-Iran tensions caused US stocks to slide and oil prices to rally. Traders offered diverging short-term outlooks for BTC, while rising inflation expectations and a higher probability of a Federal Reserve interest rate hike added to market strain.
Bitwise CIO Matt Hougan argues the next crypto bull market will be driven by institutional finance, stablecoins, tokenization, and real financial activity on blockchain rails, rather than speculation. This comes as crypto majors are flat, BTC ETFs see inflows, and SEC warns on DeFi, while bridge exploits highlight security risks.
Hackers took over Robinhood CEO Vlad Tenev's X account, promoting a fake "VLAD" memecoin with a malicious contract address. The scam attracted over 175,000 views, and hackers reportedly exploited 650 ETH, worth $1.2-1.3 million, with one sleuth identifying a wallet profiting from VLAD tokens.
