Market
Altcoin spot volume nears 4x Bitcoin’s as ETF inflows shrink across five sessions
Wintermute saw retail clients sell Bitcoin to fund altcoin bets, while US spot Bitcoin ETFs drew $2.4 billion over five sessions of shrinking daily inflows.
Sentiment: Neutral
Latest stories
Market
Bitcoin’s $85,000 test comes as Wall Street gets two different inflation stories
A soft August PCE print could lift BTC before September factory inflation forces traders to rethink the Fed path.
DeFi
Chainlink CCIP 2.0 exposes bridge risk, and issuer gates trigger stalls
Chainlink's CCIP 2.0 lets token issuers require an extra verifier for cross-chain transfers, creating a point where delivery can stall after source tokens are already locked or burned.
Governance
Compound DAO used protocol reserves to buy $52 million worth of COMP, and delegates call it a mandate breach
Bitquery says 344,780 COMP pushed supporters above half of delegated voting power, while Compound Foundation says the move fit its DAO mandate.
Staking
Lido’s 1,500 ETH reserve target could slow stETH withdrawals in a crunch
The setting remains at 1,500 ETH, but the committee’s unexecuted plan would shift deposit priority as a new staking module approaches.
Featured
Bitget says Bitcoin withdrawals are open after $387M hack, but ETH and USDT must wait
Bitget reported reopening BTC withdrawals after public fills showed futures trading during the pause, but individual transfers still need separate evidence.
Wallets
Brazil’s $252 billion crypto market gets $10,000 self-custody reporting rule
Banks and exchanges must report qualifying transfers to and from private wallets from Oct. 1 as Brazil expands scrutiny of crypto flows.
DeFi
USDT grew on Ethereum through 2024, but smart contract holdings stalled, BIS data show
Ethereum's historical contract-held share fell as issuance expanded, while Tron's hovered near 1% in the study.
Featured
Russia lets crypto exchanges apply October 5 – but even Bitcoin lacks final retail clearance
Applications can begin under the new rules, while firms still need Bank of Russia decisions and retail asset eligibility remains separate.
Hacks
Bitget had 30 minutes to contain its hack before $290 million started moving
Blockchain data shows the exchange detected suspicious activity well before the breach’s two largest transfer waves.
Memecoins
California signs into law restrictions banning public officers from issuing crypto meme coins
AB 2409 also limits listings for California residents of official-linked coins issued on or after Jan. 1, 2027.
Technology
Ethereum’s next scaling leap may come from making everyone stop doing the same work
Buterin says proofs could let different participants handle different computations while validators cheaply verify the outcome.
