Structural Demand Anchors Bitcoin After Record $20B Liquidation

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Crypto’s largest-ever leverage wipeout has left traders cautious but long-term capital…

Crypto maturity demands systematic discipline over speculation

Opinion by: Lucas Kiely, CEO of Future Digital  Crypto’s most significant issue is that it lacks the type of quantifiable value that traditional stocks possess, which makes it entirely speculative. On top of that, investors can leverage trades in a way that can tank billions of dollars overnight. Industry diehards behind the technology argue that…

ETH $12K Would Not Be ‘Blow Off Top,’ Says Tom Lee

BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes are holding strong on their prediction that Ether will hit $10,000 this year, despite a recent crypto crash, and there being less than three months left on the clock. “For Ethereum, somewhere between [$10,000] and $12,000,”  Lee said on the Bankless podcast on Tuesday, when asked…

US DOJ Seeks Forfeiture of 127,271 Bitcoin

Today in crypto, the US Justice Department is moving to forfeit 127,271 Bitcoin, worth about $14.4 billion, tied to a fraud case. Meanwhile, US spot Bitcoin and Ether ETFs started the week with more than $750 million in outflows after Friday’s crash, and Bhutan migrated its national ID system from Polygon to Ethereum. US gov’t could…

TradFi, Whales Buy Sub-$200 SOL Ahead Of ETF Decision

Key takeaways: 76% of retail traders are net long on Solana, a historically bullish signal. Treasury firms and institutions are accumulating SOL below $200. Whale activity is rising ahead of the spot SOL ETF decision on Oct. 16. Solana (SOL) prices under $200 could be an undervalued range, according to new data highlighting a rare…

US DOJ Seeks Forfeiture of 127,271 Bitcoin

Today in crypto, the US Justice Department is moving to forfeit 127,271 Bitcoin, worth about $14.4 billion, tied to a fraud case. Meanwhile, US spot Bitcoin and Ether ETFs started the week with more than $750 million in outflows after Friday’s crash, and Bhutan migrated its national ID system from Polygon to Ethereum. US gov’t could…

US DOJ Seeks Forfeiture of 127,271 Bitcoin

Today in crypto, the US Justice Department is moving to forfeit 127,271 Bitcoin, worth about $14.4 billion, tied to a fraud case. Meanwhile, US spot Bitcoin and Ether ETFs started the week with more than $750 million in outflows after Friday’s crash, and Bhutan migrated its national ID system from Polygon to Ethereum. US gov’t could…

How CZ’s Memecoin Mention Sparked a 650x Flip

Key takeaways:  CZ’s mention turned meme token “4” into a trade; one early buyer saw $3,000 grow to $2 million. The trigger was the hack of BNB Chain’s X account, which spawned “4.” The surge came from flow hitting thin liquidity, not fundamentals. Some wallets had already bought moments before CZ’s post. On Oct. 1,…

Ethereum tests Fusaka upgrade on Sepolia

Ethereum’s Fusaka upgrade has been activated on the Sepolia testnet, marking the next major step in the network’s ongoing push to improve scalability and performance. The upgrade marks the second phase of a three-step rollout under Ethereum’s Fusaka roadmap, following the Holesky testnet activation on Oct. 1. The Sepolia deployment focuses on stress testing the…

US Gov’t Seeks to Add $14B to Crypto Reserves as Part of Forfeiture Case

A US federal court has unsealed a criminal indictment involving a massive cryptocurrency fraud scheme that could result in the government increasing its national Bitcoin reserves by $14 billion. In a Tuesday notice from the US Justice Department, authorities said they had filed a forfeiture complaint against 127,271 Bitcoin (BTC), worth about $14.4 billion at…