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First Digital to Go Public on Nasdaq via Reverse Merger at $250M Valuation, Expected to Close in H1 2027
Odaily News: First Digital is a Hong Kong-based digital asset company and the issuer of FDUSD. The company has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to form a new holding company and list on Nasdaq, with completion anticipated in the first half of 2027, subject to regulatory approvals and other closing conditions. As of June 30, 2026, FDUSD's cumulative trading volume has exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, First Digital generated approximately $87 million in revenue. First Digital stated that FDUSD's reserve assets consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by independent firms. The company's Finance District platform has launched 4 products to date but has not yet generated significant revenue.
Bloomberg: SpaceX IPO Becomes Goldman Sachs' "Multiple-Fee" Feast, Advisor Fees Bring in Roughly $100 Million as Client Cash-Outs Further Contribute Hundreds of Millions in Incentive Fees
According to Bloomberg, Goldman Sachs earned hundreds of millions of dollars in incentive fees by helping clients make early investments in SpaceX ahead of its listing this June at a $1.77 trillion valuation. Insiders revealed that more than five years ago, Goldman Sachs had already assisted select high-net-worth clients in investing in SpaceX, when the company's valuation was only tens of billions of dollars. Following SpaceX's listing, Goldman Sachs clients who sold their shares realized massive gains, while simultaneously generating hundreds of millions of dollars in incentive fees for Goldman Sachs.
Eric Balchunas: Anthropic's valuation has grown 22x since June 2024
Odaily News: Bloomberg ETF analyst Eric Balchunas stated that based on market valuations disclosed by mutual funds holding Anthropic, Anthropic's valuation has grown 22x since June 2024, roughly 10 times the increase of the Nasdaq 100 Index and Nvidia. Fidelity has the largest exposure to Anthropic, followed by CapGrp and BLK; due to the relatively low weighting of these holdings, mutual funds have only benefited marginally from Anthropic's valuation growth.
JPMorgan: Tech Valuations Fully Contracted, Semiconductors Outperform Software
According to Trend Research, a JPMorgan research report dated September 28, 2026 notes that the technology and AI ecosystem stagnated for three months from June through last week, though valuation downgrades have already become highly pronounced across most sectors. Forward earnings for semiconductors continue to climb by approximately 30%, while software has seen almost no earnings upgrades. Valuations for the Tech Seven Giants have fallen to ten-year lows, trading at nearly one standard deviation below the broader market. Capital expenditures by hyperscalers are projected to grow at a 28% compound annual growth rate through 2030. JPMorgan argues that with cleaner positioning, persistent earnings momentum, and an intact capital expenditure upcycle, it advises re-entering the technology sector and reopening a semiconductor-over-software pair trade. Agentic AI is pushing the CPU-to-GPU ratio from 1:4 to 1:8 toward 1:1, providing tailwinds for CPU-related names.
Nansen Launches Search Feature, Enabling Queries on Over 200,000 FOMO-Linked Wallets on Solana and Base
Odaily News: On-chain analytics platform Nansen has launched a search feature covering over 200,000 wallets linked to mobile copy-trading app FOMO on Solana and Base, allowing users to query their holdings, trades, and profit or loss data. The feature also includes associated addresses that are not visible within the FOMO app interface; Nansen's database has now labeled over 500 million wallets.FOMO launched around May 2025 as a non-custodial copy-trading platform supporting multi-chain gas-free swaps. Since its launch, cumulative trading volume has reached billions of dollars, with weekly revenue hitting $264 million in 2026. It completed a $75 million Series B funding round in June, bringing total funding to approximately $94 million.
USD.AI Announces Completion of $128.9 Million in GPU Funding
According to PR Newswire, USD.AI, a stablecoin protocol facilitating AI lending, has announced a $128.9 million asset-backed GPU financing deal for an undisclosed borrower, marking the largest single loan to date on the platform. The funds will be used to deploy 32 Nvidia GB200 NVL72 systems in British Columbia, Canada. The operator is a publicly listed GPU cloud provider, and the equipment is secured under a multi-year agreement with an investment-grade counterparty. This financing surpasses the $98.1 million GPU financing project announced by USD.AI in June 2026.
First Digital to Go Public on Nasdaq via Reverse Merger at $250M Valuation, Expected to Close in H1 2027
Odaily News: First Digital is a Hong Kong-based digital asset company and the issuer of FDUSD. The company has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to form a new holding company and list on Nasdaq, with completion anticipated in the first half of 2027, subject to regulatory approvals and other closing conditions. As of June 30, 2026, FDUSD's cumulative trading volume has exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, First Digital generated approximately $87 million in revenue. First Digital stated that FDUSD's reserve assets consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by independent firms. The company's Finance District platform has launched 4 products to date but has not yet generated significant revenue.
BaFin Rejects MiCA Application of Bitcoin.de Operator, Platform Trading Remains Suspended as It Seeks Regulated Partner
Odaily News: Crypto asset platform operator Bitcoin Group SE announced that the German Federal Financial Supervisory Authority (BaFin) has rejected the crypto asset service provider license application submitted by its subsidiary futurum bank AG under the Markets in Crypto-Assets Regulation (MiCA). The company is evaluating alternative operating models and seeking to restore Bitcoin.de trading as soon as possible through a regulated partner.Moritz Eckert, CEO of Bitcoin Group SE, stated that the company had prepared for the rejection of its application and will now review the decision, with the option to file an objection or resubmit the application in the future. Bitcoin.de is a German crypto trading platform operated by futurum bank AG, with over 1.1 million registered users.Bitcoin.de was originally a peer-to-peer trading marketplace and switched to a broker model this year, with plans to offer over 100 cryptocurrencies, crypto asset exchange, and staking services. The platform was originally scheduled to launch the new model at the end of June, but it was delayed due to waiting for MiCA licensing, and trading has been largely suspended since June 12. (Cointelegraph)
Polymarket sues Dutch gambling regulator, seeks to overturn prediction market ban
Odaily News: Polymarket has filed a lawsuit in a Dutch court seeking to overturn a ban imposed by the Dutch gambling regulator on its prediction market. The company argues that its event contracts are derivatives and should be regulated by the Dutch Authority for the Financial Markets (AFM), rather than the Dutch Gaming Authority (KSA).On January 20, the KSA ordered Polymarket to cease providing services to Dutch users within four weeks or face weekly fines of €420,000, up to a maximum of €840,000. The KSA stated that inspectors had registered an account through a Dutch IP address, topped up €10 using a Dutch bank account, and purchased $1 worth of "Yes" shares in the "Next Dutch Prime Minister" market.Polymarket said it implemented IP blocking on February 18, but the KSA determined that the measure came one day after the deadline and decided to impose a €420,000 fine. On June 23, the KSA dismissed Polymarket's objection, noting that Dutch law prohibits betting on non-sporting events and that licensed operators are also not permitted to accept cryptocurrency payments. (Bitcoin.com News)
South Korean crypto exchange operating profit fell 78% in the first half of the year, with average daily trading volume down 44% month-on-month.
According to Cointelegraph, data from the Korea Financial Intelligence Unit (KoFIU) shows that operating profits of crypto exchanges in South Korea fell by 78% in the first half of 2026 compared to the previous six-month period, while exchange sales declined by 41% over the same timeframe. Market trading activity also cooled noticeably, with the average daily trading volume at domestic virtual asset exchanges dropping by 44% compared to the prior period. The total market capitalization of crypto assets decreased by 33%, KRW-denominated customer deposits fell by 35%, but the number of accounts eligible for trading saw a slight increase of 0.4%. The survey covered 26 registered virtual asset service providers, including 17 exchange operators and 9 custodian and wallet service providers, with data spanning from January 1 to June 30 this year.
South Korean crypto exchanges' operating profit fell 78% in the first half of 2026
Odaily News: Data from the Korea Financial Intelligence Unit (KoFIU) shows that in the first half of 2026, the operating profit of South Korean cryptocurrency exchanges fell 78% compared with the previous six months. Over the same period, average daily trading volume dropped 44%, total market value declined 33%, KRW deposits fell 35%, and exchange revenue decreased 41%.The survey covered 26 registered virtual asset service providers, including 17 exchange operators and 9 custody and wallet service providers, with the reporting period from January 1 to June 30, 2026. The number of accounts eligible for trading rose slightly by 0.4% over the same period. (Cointelegraph)
Multiple European Regulators Review Binance's Use of MiCA Exemption to Serve EU Clients
Odaily News: The European Securities and Markets Authority (ESMA) and regulators in France, Germany, and Greece are reviewing Binance's practice of using the reverse solicitation exemption under the Markets in Crypto-Assets Regulation (MiCA) to provide services to certain EU clients without authorization. The exemption applies only when clients approach a non-EU crypto asset service provider entirely on their own initiative.Binance withdrew its MiCA authorization application in Greece in June and stated it would apply for authorization in another EU member state. ESMA recently called for strengthened enforcement powers against non-EU companies that solicit European investors without MiCA authorization, in order to enhance consistency in EU regulatory actions. (Cointelegraph)
Galaxy Research: Some BTC Transferred by US Government to Coinbase Prime Came from Unlabeled Addresses, LuBian and Bitfinex Assets Account for 71% of Holdings
Odaily News: Galaxy Research on-chain tracking shows that the US government transferred approximately 9,261 BTC, worth about $770 million, to Coinbase Prime over two days. Since the deposit address was first activated in December 2025, it has cumulatively received 11,567 BTC, of which 6,406 came from wallets already labeled as belonging to the US government, and 5,160 came from previously unlabeled wallets.Of the 9,261 BTC transferred this time, nearly half can be traced back to Bitfinex hacker funds recovered by the US government, with some coming from previously known Binance-related seized assets; among them, 2,456 BTC previously had no clear government attribution label, but because they entered this address through the same path as government funds, they are currently regarded as US government seized assets. The US government currently holds approximately 319,100 BTC, of which about 71% comes from LuBian-related BTC and Bitfinex recovered funds.In January 2025, a US federal court approved the return in kind of seized Bitfinex hacker funds to Bitfinex, and the main address holding approximately 94,600 BTC has still not moved. In October 2025, the US Department of Justice filed a civil forfeiture lawsuit against Chen Zhi and related assets, involving approximately 127,300 BTC; this batch of LuBian BTC entered addresses attributed to the US government between June and July 2024. Since 2013, US government-related addresses have received a total of approximately 555,300 BTC, worth about $16.1 billion at prices at the time; during the same period, approximately 236,200 BTC flowed out, worth about $3.8 billion at prices at the time. After excluding internal transfers between the government's own addresses, this transfer, based on labeled government addresses, ranks 9th among the largest single-day BTC outflows in US government history, and is also the largest since December 2, 2024. BTC being transferred to Coinbase Prime does not mean the US government has already sold it, and on-chain transfers alone cannot confirm the specific purpose of the funds.
Binance Bitcoin Weekly Net Outflow Hits Highest Level in Over Three Years, Whale Stablecoin Inflows Rise 40%
According to Cointelegraph, CryptoQuant data shows that during the week ending September 27, Binance's Bitcoin net outflow reached 23,137 BTC, marking the highest level since June 2023. Since September 20, Binance's Bitcoin reserves have cumulatively decreased by nearly 40,000 BTC.
Polymarket sues Dutch gambling regulator, seeks to overturn prediction market ban
Odaily News: Polymarket has filed a lawsuit in a Dutch court seeking to overturn a ban imposed by the Dutch gambling regulator on its prediction market. The company argues that its event contracts are derivatives and should be regulated by the Dutch Authority for the Financial Markets (AFM), rather than the Dutch Gaming Authority (KSA).On January 20, the KSA ordered Polymarket to cease providing services to Dutch users within four weeks or face weekly fines of €420,000, up to a maximum of €840,000. The KSA stated that inspectors had registered an account through a Dutch IP address, topped up €10 using a Dutch bank account, and purchased $1 worth of "Yes" shares in the "Next Dutch Prime Minister" market.Polymarket said it implemented IP blocking on February 18, but the KSA determined that the measure came one day after the deadline and decided to impose a €420,000 fine. On June 23, the KSA dismissed Polymarket's objection, noting that Dutch law prohibits betting on non-sporting events and that licensed operators are also not permitted to accept cryptocurrency payments. (Bitcoin.com News)
After holding ETH for about a year, a whale appears to have cut losses, expected to lose $2.443 million and deposited 6,595.2 ETH to Coinbase
According to on-chain analyst Ai Yi, a whale deposited 6,595.2 ETH to Coinbase 3 hours ago, worth approximately $17.57 million. Of this, 6,500 ETH was withdrawn from exchanges between June and August 2025 at an average price of $3,040.4, with unrealized losses once exceeding $9.557 million during that period. After holding ETH for about a year, the whale appears to have cut losses and exited, with an estimated loss of $2.443 million and a 12.3% decline in assets.
Eric Balchunas: Anthropic's valuation has grown 22x since June 2024
Odaily News: Bloomberg ETF analyst Eric Balchunas stated that based on market valuations disclosed by mutual funds holding Anthropic, Anthropic's valuation has grown 22x since June 2024, roughly 10 times the increase of the Nasdaq 100 Index and Nvidia. Fidelity has the largest exposure to Anthropic, followed by CapGrp and BLK; due to the relatively low weighting of these holdings, mutual funds have only benefited marginally from Anthropic's valuation growth.
$900,000 Bitcoin Theft Case: US Seeks Forfeiture of 110,300 USDT
Odaily News: The U.S. Attorney's Office for the District of Massachusetts filed a civil forfeiture lawsuit on September 28, seeking the forfeiture of 110,300 USDT seized from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins, worth approximately $900,000 at the time, from a beneficiary and their family trust held in the same Coinbase account.Investigators said that between June 5 and June 15, 2023, 11.2 of the stolen bitcoins were traced to the Binance account and were quickly converted into Monero. When the FBI requested the account be frozen, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026. (Bitcoin.com News)
Galaxy Research: Some BTC Transferred by US Government to Coinbase Prime Came from Unlabeled Addresses, LuBian and Bitfinex Assets Account for 71% of Holdings
Odaily News: Galaxy Research on-chain tracking shows that the US government transferred approximately 9,261 BTC, worth about $770 million, to Coinbase Prime over two days. Since the deposit address was first activated in December 2025, it has cumulatively received 11,567 BTC, of which 6,406 came from wallets already labeled as belonging to the US government, and 5,160 came from previously unlabeled wallets.Of the 9,261 BTC transferred this time, nearly half can be traced back to Bitfinex hacker funds recovered by the US government, with some coming from previously known Binance-related seized assets; among them, 2,456 BTC previously had no clear government attribution label, but because they entered this address through the same path as government funds, they are currently regarded as US government seized assets. The US government currently holds approximately 319,100 BTC, of which about 71% comes from LuBian-related BTC and Bitfinex recovered funds.In January 2025, a US federal court approved the return in kind of seized Bitfinex hacker funds to Bitfinex, and the main address holding approximately 94,600 BTC has still not moved. In October 2025, the US Department of Justice filed a civil forfeiture lawsuit against Chen Zhi and related assets, involving approximately 127,300 BTC; this batch of LuBian BTC entered addresses attributed to the US government between June and July 2024. Since 2013, US government-related addresses have received a total of approximately 555,300 BTC, worth about $16.1 billion at prices at the time; during the same period, approximately 236,200 BTC flowed out, worth about $3.8 billion at prices at the time. After excluding internal transfers between the government's own addresses, this transfer, based on labeled government addresses, ranks 9th among the largest single-day BTC outflows in US government history, and is also the largest since December 2, 2024. BTC being transferred to Coinbase Prime does not mean the US government has already sold it, and on-chain transfers alone cannot confirm the specific purpose of the funds.
$900,000 Bitcoin Theft Case: US Seeks Forfeiture of 110,300 USDT
Odaily News: The U.S. Attorney's Office for the District of Massachusetts filed a civil forfeiture lawsuit on September 28, seeking the forfeiture of 110,300 USDT seized from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins, worth approximately $900,000 at the time, from a beneficiary and their family trust held in the same Coinbase account.Investigators said that between June 5 and June 15, 2023, 11.2 of the stolen bitcoins were traced to the Binance account and were quickly converted into Monero. When the FBI requested the account be frozen, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026. (Bitcoin.com News)
Italian authorities investigate government email security incident linked to Revolut customer data breach
Odaily reports: Italian cybercrime police are investigating a government email security incident linked to a Revolut customer data breach, involving suspected unauthorized access to computer systems and computer fraud.The accounts involved are said to belong to Italy's Certified Email System (PEC). Revolut did not confirm which government agency the compromised accounts belonged to, but said it has reported the incident to Italian authorities and that its systems, databases, and customer funds were not affected.Italy's CERT-AGID cybersecurity agency warned in June that PEC only certifies email delivery and does not guarantee the security of email contents. The agency said it has handled over 650 cases of abused or illegal PEC accounts since the beginning of 2026. (Cointelegraph)
Empowa Suffers Unauthorized Transfer Incident, Approximately 4.24 Million EMP and 143,700 ADA Stolen
Empowa, a Cardano ecosystem project, disclosed two interrelated unauthorized asset transfer incidents across its three project wallets. Between November 2025 and June 2026, approximately 143,710 ADA were transferred out of one project treasury wallet in 18 transactions. The corresponding Midnight airdrop for this wallet was also registered and claimed by an unknown party using the private key, with approximately 36,000 NIGHT already transferred away. From June 2026 to August 2026, a cumulative total of approximately 4.24 million EMP tokens were transferred out of the other two project wallets, with portions sold via platforms such as Minswap and VyFi. Empowa stated that the funds from both incidents ultimately flowed into the same intermediate wallet, indicating they are controlled by the same party, although the identity of the individuals operating these private keys cannot currently be confirmed. The team has hired a professional blockchain investigation firm and plans to seek KYC information from the centralized exchange where the related funds ultimately entered.
JaredfromSubway.eth sandwich attack bot has extracted $295 million in total, with $7.5 million stolen in June
Odaily News: The sandwich attack bot operated by JaredfromSubway.eth has extracted a cumulative total of 117,007 ETH since March 2023, worth approximately $295 million at current prices. In June 2026, an anonymous attacker deployed 66 counterfeit token contracts, exploiting the bot's automated trading logic to steal at least $7.5 million in ETH and stablecoins, and funneled the funds into Tornado Cash. The stolen assets have not yet been recovered.Sandwich attacks are a form of Maximal Extractable Value (MEV): the bot monitors large transactions in Ethereum's public mempool, buys ahead of the target transaction, and sells after the transaction pushes the price up, capturing profits from the spread. The bot's primary contract had received a cumulative total of 117,007 ETH as of August 28.MEV-Boost block construction is centralized among a small group of participants, with relay.ultrasound.money, Titan Relay, and bloXroute regulated relays collectively forwarding approximately 85% to 88% of related blocks within a 24-hour window; Titan's builder independently assembled 50.3% of the blocks. Monthly sandwich attack extraction amounts have declined from approximately $10 million in late 2024 to roughly $2.5 million in October 2025. (Bitcoin.com News)
1inch Publishes H1 2026 Bug Bounty Report via HackenProof
1inch and HackenProof have jointly released the first-half 2026 Bug Bounty Report. The report shows that from January to June 2026, 1inch received a total of 1,055 submissions from security researchers across its 6 core bug bounty programs on HackenProof, of which 32 were rewarded.
BaFin Rejects MiCA Application of Bitcoin.de Operator, Platform Trading Remains Suspended as It Seeks Regulated Partner
Odaily News: Crypto asset platform operator Bitcoin Group SE announced that the German Federal Financial Supervisory Authority (BaFin) has rejected the crypto asset service provider license application submitted by its subsidiary futurum bank AG under the Markets in Crypto-Assets Regulation (MiCA). The company is evaluating alternative operating models and seeking to restore Bitcoin.de trading as soon as possible through a regulated partner.Moritz Eckert, CEO of Bitcoin Group SE, stated that the company had prepared for the rejection of its application and will now review the decision, with the option to file an objection or resubmit the application in the future. Bitcoin.de is a German crypto trading platform operated by futurum bank AG, with over 1.1 million registered users.Bitcoin.de was originally a peer-to-peer trading marketplace and switched to a broker model this year, with plans to offer over 100 cryptocurrencies, crypto asset exchange, and staking services. The platform was originally scheduled to launch the new model at the end of June, but it was delayed due to waiting for MiCA licensing, and trading has been largely suspended since June 12. (Cointelegraph)
Illinois releases draft rules for 0.2% digital asset transaction tax, stablecoins included in taxation
Odaily News: The Illinois Department of Revenue has released draft rules for the already-legislated 0.2% digital asset transaction tax, clarifying that stablecoins will be considered taxable digital assets, while non-fungible tokens are not within the scope of taxation.The draft stipulates that DeFi transactions are generally exempt; however, fees paid by users that are deemed "valuable consideration," such as protocol fees used to operate or maintain a platform, may trigger taxation. Network fees and swap fees paid solely to liquidity providers do not trigger the tax.Cross-chain bridging conducted through digital asset brokers with consideration paid will be treated as a taxable exchange activity. When a centralized exchange transfers funds to a self-custodial wallet, if the exchange charges a fee, it may also be subject to taxation.The tax law was approved in June and is scheduled to take effect on January 1, 2027. The Illinois Department of Revenue is soliciting public comments on the draft, with a deadline of October 30. (Cointelegraph)
Bitdeer reported first-half net revenue of $417.7 million and a net loss of $251.8 million.
Bitdeer released its unaudited consolidated financial statements for the six months ended June 30, 2026; Bitdeer's net revenue for the first half of 2026 was $417.7 million, compared to $225.7 million in the same period last year; gross loss was $47.57 million, operating loss was $208.3 million, and net loss was $251.8 million, whereas a net profit of $42.38 million was recorded in the same period last year.
US-Iran diplomatic negotiations have hit a deadlock, with neither side willing to make concessions.
Under Qatar's mediation, progress in US-Iran diplomatic negotiations has been minimal this week, with both sides refusing to back down leading to a stalemate. Iran insists the US must reinstate the June memorandum of understanding before it will consider concessions on the nuclear issue, thereby heightening the risk of military escalation.
Lite Strategy: Spent $100 Million to Acquire Over 900,000 LTC in Fiscal Year 2026, Holdings Exceed 1% of Total Mined Supply
Odaily News: Litecoin treasury company Lite Strategy has released its financial results for the fiscal year ended June 30, 2026. According to reports, fiscal year 2026 was its first full fiscal year since implementing its LTC treasury strategy. The company disclosed that it deployed $100 million during the fiscal year to purchase over 900,000 LTC; as of June 30, its holdings stood at 832,716 LTC, representing more than 1% of the total LTC mined to date. Regarding share buybacks, the company's previous buyback round repurchased approximately 4.4 million shares of LITS, representing about 12% of outstanding shares; as of September 22, total buybacks had increased to approximately 6.4 million shares, raising the proportion to about 17%. Additionally, from the launch of its LTC covered call strategy through September 22, the company has recorded approximately $930,000 in option premium income. (Globenewswire)
Four Greek institutions enter MiCA register for the first time, HCMC denies Lagarde intervened in Binance application
Odaily News: The European Securities and Markets Authority (ESMA) has updated the MiCA register, with BCash, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank becoming the first batch of Greek crypto asset service providers to be included. The register added 6 institutions from Germany, France, and Slovenia, bringing the total number of registered institutions to 359.The Hellenic Capital Market Commission (HCMC) is responsible for supervising the first three institutions, while the Bank of Greece oversees Piraeus Bank. The HCMC denied that its officials had communicated with European Central Bank (ECB) officials regarding Binance's Greek MiCA application, and also denied making any statements about Lagarde intervening in the application; Binance withdrew its application on June 24. (Cointelegraph)
Related news
Galaxy Research: Some BTC Transferred by US Government to Coinbase Prime Came from Unlabeled Addresses, LuBian and Bitfinex Assets Account for 71% of Holdings
Odaily News: Galaxy Research on-chain tracking shows that the US government transferred approximately 9,261 BTC, worth about $770 million, to Coinbase Prime over two days. Since the deposit address was first activated in December 2025, it has cumulatively received 11,567 BTC, of which 6,406 came from wallets already labeled as belonging to the US government, and 5,160 came from previously unlabeled wallets.Of the 9,261 BTC transferred this time, nearly half can be traced back to Bitfinex hacker funds recovered by the US government, with some coming from previously known Binance-related seized assets; among them, 2,456 BTC previously had no clear government attribution label, but because they entered this address through the same path as government funds, they are currently regarded as US government seized assets. The US government currently holds approximately 319,100 BTC, of which about 71% comes from LuBian-related BTC and Bitfinex recovered funds.In January 2025, a US federal court approved the return in kind of seized Bitfinex hacker funds to Bitfinex, and the main address holding approximately 94,600 BTC has still not moved. In October 2025, the US Department of Justice filed a civil forfeiture lawsuit against Chen Zhi and related assets, involving approximately 127,300 BTC; this batch of LuBian BTC entered addresses attributed to the US government between June and July 2024. Since 2013, US government-related addresses have received a total of approximately 555,300 BTC, worth about $16.1 billion at prices at the time; during the same period, approximately 236,200 BTC flowed out, worth about $3.8 billion at prices at the time. After excluding internal transfers between the government's own addresses, this transfer, based on labeled government addresses, ranks 9th among the largest single-day BTC outflows in US government history, and is also the largest since December 2, 2024. BTC being transferred to Coinbase Prime does not mean the US government has already sold it, and on-chain transfers alone cannot confirm the specific purpose of the funds.
First Digital to Go Public on Nasdaq via Reverse Merger at $250M Valuation, Expected to Close in H1 2027
Odaily News: First Digital is a Hong Kong-based digital asset company and the issuer of FDUSD. The company has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to form a new holding company and list on Nasdaq, with completion anticipated in the first half of 2027, subject to regulatory approvals and other closing conditions. As of June 30, 2026, FDUSD's cumulative trading volume has exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, First Digital generated approximately $87 million in revenue. First Digital stated that FDUSD's reserve assets consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by independent firms. The company's Finance District platform has launched 4 products to date but has not yet generated significant revenue.
TOKEN2049 announces the US New York edition, with the inaugural event scheduled for June 2027.
TOKEN2049 announces the launch of TOKEN2049 New York, with the inaugural New York edition taking place on June 16–17, 2027. In addition to the two-day main conference, TOKEN2049 Week will feature multiple events throughout New York City.
CCTV's "Legal China" program releases on-site footage of Chen Zhi, boss of Cambodia's Prince Group, being transported under escort.
According to CCTV Legal Online, footage of the escort of Chen Zhi, head of Cambodia's Prince Group, back to China has been made public. On January 7 this year, the Ministry of Public Security dispatched a working group to escort Chen Zhi, the criminal boss of Cambodia's Prince Group, from Phnom Penh back to China. On April 1, Li Xiong, a core member of Chen Zhi's criminal syndicate, was escorted from Phnom Penh, Cambodia, back to China. On June 17, Liu Ren, an important core member of Chen Zhi's criminal syndicate, was escorted from Phnom Penh back to China.
Blast Network Shuts Down, Coinbase to Suspend BLAST Trading on October 20
Ethereum Layer-2 network Blast has announced its shutdown due to operating costs exceeding revenue, and initiated liquidation on October 2. Coinbase will suspend BLAST trading on October 20, and users must withdraw their assets by October 26; after that, they will need to use the Blast bridge contract on Ethereum. Platforms including BTSE, Bitvavo, and Bybit have also announced the delisting or suspension of BLAST. The BLAST token has dropped approximately 99% from its peak and is currently trading at around $0.00024; Blast's TVL has fallen from a peak of $2 billion in June 2024 to approximately $24 million to $32 million.
BaFin Rejects MiCA Application of Bitcoin.de Operator, Platform Trading Remains Suspended as It Seeks Regulated Partner
Odaily News: Crypto asset platform operator Bitcoin Group SE announced that the German Federal Financial Supervisory Authority (BaFin) has rejected the crypto asset service provider license application submitted by its subsidiary futurum bank AG under the Markets in Crypto-Assets Regulation (MiCA). The company is evaluating alternative operating models and seeking to restore Bitcoin.de trading as soon as possible through a regulated partner.Moritz Eckert, CEO of Bitcoin Group SE, stated that the company had prepared for the rejection of its application and will now review the decision, with the option to file an objection or resubmit the application in the future. Bitcoin.de is a German crypto trading platform operated by futurum bank AG, with over 1.1 million registered users.Bitcoin.de was originally a peer-to-peer trading marketplace and switched to a broker model this year, with plans to offer over 100 cryptocurrencies, crypto asset exchange, and staking services. The platform was originally scheduled to launch the new model at the end of June, but it was delayed due to waiting for MiCA licensing, and trading has been largely suspended since June 12. (Cointelegraph)