News linked to both this project and an event.
Odaily News: Bitcoin Treasuries posted on X that French listed company Sequans Communications has sold its remaining 314 bitcoins and exited its Bitcoin reserve strategy, using all proceeds from the Bitcoin sale to repay its convertible debt.
Odaily News — Digital asset management firm Grayscale's Zcash ETF (ZCSH) reached $1 billion in net assets as of September 24, with cumulative net inflows of $306.12 million, accounting for less than 30%. The fund began trading on NYSE Arca on August 25 and surpassed $500 million in assets within two weeks.ZCSH was renamed from Grayscale Zcash Trust, which was established in October 2017 and already held ZEC at the time of listing; meanwhile, the price of ZEC has roughly doubled since the ETF's listing, driving the fund's asset growth. On September 8, Grayscale's parent group DCG International Investments exchanged 85,705.32563297 ZEC for approximately $100 million in ZCSH shares. Excluding this non-cash transaction, external new capital amounted to approximately $200 million.Grayscale will implement a 3-for-1 forward split before market open on September 30, applicable to holders of record at the close of business on September 28. After the split, the net asset value per share is expected to drop to approximately one-third, the number of shares will triple, and the dollar value of holdings will remain unchanged. (Bitcoin.com News)
Recent capital inflows have rebounded significantly, with Bitcoin spot ETFs recording net inflows for six consecutive trading days, cumulatively attracting approximately $2.84 billion during this period.
Analyst Darkfost noted that the realized profit rate for Bitcoin long-term holders (LTH) currently stands at approximately 72%. While still profitable, this figure remains significantly lower than previous market highs. For comparison, in December 2024, LTH realized profits had reached nearly 350%. Darkfost believes that long-term holders are currently in a relatively moderate profit-taking phase, similar to levels seen during the last bear market. Therefore, most LTH are likely to prefer holding rather than engaging in large-scale profit-taking at this stage.
According to CoinDesk, bitcoin traded above $84,000 on Friday, essentially flat over the past 24 hours after briefly dipping below $84,000 on Wednesday. Most major tokens saw volatility of less than 2%, while ONDO rose 27% to around $0.54 and QNT gained 39% to near $100. Meanwhile, selling pressure in the US bond market has eased slightly, with the 10-year US Treasury yield retreating 2 basis points to 5.17% after climbing more than 20 basis points cumulatively over the previous two trading sessions. Brent crude oil fell about 1% to $105 per barrel as markets focused on reports that the US and Iran may reopen the Strait of Hormuz via a phased agreement. FxPro Chief Market Analyst Alex Kuptsikevich stated that Bitcoin's recent pullback is more of a temporary pause within an uptrend, noting that the current upward momentum has not yet ended. Even if BTC falls further to $70,000, it could exert significant pressure on short-term traders, but he believes it remains insufficient to disrupt the broader bullish trend. Additionally, Bitcoin is approaching Friday's Deribit options expiration. The current price sits below $85,000, which is one of the strike prices with a high concentration of call open interest in this expiry batch.
Odaily reports: According to on-chain analyst Ai Yi's monitoring, an address added to its BTC long position today and currently holds a 40x long position of 1,169.52 BTC, worth $98.15 million, with an entry price of $83,822.9 and current unrealized profit of $182,000; it also holds a 10x long position of 12,700 ZEC, worth $19.69 million, with an entry price of $1,217.84 and current unrealized profit of $4.231 million.
According to Darkfost, throughout Bitcoin's recent rally, Binance has predominantly experienced BTC outflows, averaging a net outflow of approximately 2,000 BTC per day over the past week. Notably, Binance recorded a single-day net outflow exceeding 13,800 BTC, marking the largest single-day net outflow since 2023. Over the past four days, the platform's BTC reserves declined from approximately 705,000 to 685,000, a reduction of roughly 20,000 BTC. Darkfost noted that sustained BTC outflows from exchanges typically indicate that some investors are transferring assets to self-custody, which often aligns with longer-term holding strategies while also mitigating potential selling pressure on the exchange. He believes that this recent large-scale outflow activity likely signals that investors who were previously waiting for further Bitcoin declines have begun to experience FOMO.
on-chain analyst Yu Jin has monitored that the $464 million risk protection fund Bitget claims can cover stolen assets is a total of 5,500 BTC, distributed across 3 wallet addresses.
according to Lookonchain monitoring, an address transferred out 4,500 BTC, worth $381 million, after being inactive for more than 4 years.
Odaily News: The Central Bank of Brazil has issued Resolutions No. 588 and No. 589, requiring virtual asset service providers (VASPs) to report inbound and outbound transactions involving self-custodial wallets valued at or above $10,000, while strengthening anti-money laundering and counter-terrorism financing oversight.Resolution No. 588 stipulates that relevant transaction data will be submitted to the Financial Activities Control Council (COAF). The agency may use this information to organize transactions and establish a database of self-custodial addresses, recording the asset holdings of Brazilian users who hold crypto assets through authorized centralized exchanges.Resolution No. 589 prohibits conducting business with virtual asset service organizations or entities operating in Brazil without authorization. The new regulations will take effect on October 1, 2026. Currently, only 5 VASPs have applied for licenses to operate in Brazil. (Bitcoin.com News)
according to Bitcoin News monitoring, this batch of Bitcoin is worth over $4 million, accounting for approximately 2.8% of the total Bitcoin related to the Coldcard vulnerability. Crypto Recovery Trust will verify the ownership of the funds and attempt to return them; Galaxy Digital research director Alex Thorn stated that another 3.0134 BTC was transferred to this address in the same transaction, but its source has not yet been confirmed.
According to Bitcoin News monitoring, $176 million worth of ETH and USDT0 was transferred from multiple Bitget wallets to a single address, in what appears to be unauthorized activity. This suspected hack did not involve Bitcoin. Bitget has not yet commented.
Bitcoin News posted on X platform stating that Blink said all account balances that suffered financial losses in the September 19 security incident have been restored to pre-incident levels.The software vulnerability had allowed attackers to transfer funds from dozens of accounts and obtain account information of approximately 3,400 other users. Blink stated that no funds were stolen from these 3,400 accounts, and the attackers did not obtain users' names, identification documents, or addresses; the company has contacted affected users and will publish a full incident review.
Sequans sold its remaining 314 Bitcoin, raising approximately $27.1 million to fund operations. This move marks the company's complete abandonment of its previous Bitcoin holding strategy for corporate cash management, refocusing on its core communications business.
According to Lookonchain monitoring, despite the market decline, two whales opened a total of 2,031.58 BTC long positions over the past 4 hours, worth $171 million.
Killa posted on X platform stating that they believe Bitcoin's bottom has already formed, and from current levels up to $126,000, the maximum pullback in this bull cycle is expected to be around 10% to 15%. If Bitcoin forms a local high near $87,000 before further declining to the low $70,000s, that zone could become Bitcoin's bottom; if the relevant price level is touched, they will significantly increase long positions betting on the continuation of the uptrend. Killa stated that Bitcoin is currently testing the key zone near $80,000, and if it can hold the previous breakout range high, the uptrend may still continue; they would only consider shorting near $90,000.
Odaily Report: According to Lookonchain monitoring, two newly created wallets suspected to belong to the same whale have withdrawn 950 BTC worth $72.6 million from Binance.
Analyst Darkfost states that the cost basis for Bitcoin's short-term holders (STH) has confirmed crossing above that of active long-term holders (LTH), sending a bull market confirmation signal historically observed for the fifth time. Active long-term holders refer to coin supplies transferred at least once over the past seven years, a definition designed to exclude long-dormant balances. Currently, over 3.5 million bitcoins held for more than ten years remain dormant, with this supply segment growing by an average of approximately 8,000 to 30,000 coins per month. Darkfost believes current market momentum is shifting positively, partially driven by capital inflows into exchange-traded funds (ETFs), although the possibility of this signal failing remains.
According to Trader T data, on September 23, US spot Bitcoin ETFs recorded total net inflows of $346.98 million, marking a cumulative net inflow of $2.65 billion over five consecutive days. BlackRock IBIT saw net inflows of $166.29 million, Fidelity FBTC recorded net inflows of $143.24 million, Morgan Stanley MSBT posted net inflows of $32.41 million, and Ark Invest ARKB logged net inflows of $5.04 million.
According to Lookonchain monitoring, as Bitcoin declined, a whale bought another 536.93 BTC 6 hours ago, worth $45.28 million. Over the past 20 days, this whale has accumulated 2,460 BTC, worth $194 million, with an average purchase price of $78,966.