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Crypto news

  1. 1

    U.S. spot Bitcoin, Ethereum and Solana ETFs post net outflows in October

    Spot Bitcoin, Ethereum and Solana ETFs have all recorded net outflows in October. Decrypt reported Bitcoin funds started October with inflows before heavy midweek selling. Ethereum funds have fared worse than Bitcoin, while Solana's losses are much smaller. Altcoin Buzz, citing SoSoValue data, put Bitcoin ETF outflows at $681.1 million for the week ended October 9, larger than Decrypt's October net. Decrypt put Solana's $24.8 million loss at October-to-date, while Altcoin Buzz called it a weekly figure. Altcoin Buzz tied the drop to a broader market selloff in which Bitcoin fell sharply. BlackRock's ETHA, which Altcoin Buzz says drove most Ethereum withdrawals, also underwent a reverse split on the day it lost $201.9 million.

    Key facts

    • Decrypt reports U.S. spot Bitcoin ETFs are down a net $386.3 million through October's first seven trading days.
    • Ethereum ETFs lost $635 million in October, per Decrypt, and nearly $700 million over the nine-day streak.
    • Ethereum ETFs lost $542.1 million in the week to October 9, their heaviest weekly loss since January, per Altcoin Buzz.
    • Bitcoin, Ethereum and Solana ETFs lost about $1.25 billion combined in the week ended October 9, per Altcoin Buzz.
    • Solana ETFs ended a record 14-week inflow streak in the week ended October 9, per Altcoin Buzz.

    Commentary

    Ethereum's pattern, not Bitcoin's totals, is the steadier signal, since Bitcoin's damage shifts with the tracker used. A reverse split cannot by itself explain exits, which leaves open whether investors are leaving ETHA or Ethereum exposure altogether; the coming sessions will show which.

    Sources: Decrypt, Altcoin Buzz, AMBCrypto, CoinMarketCap

  2. 2

    Bitcoin rebounds towards $84,000 as ETF outflows ease and US-Iran tensions cool

    Bitcoin climbed back towards $84,000 after last week's sell-off, which took it to lows near $80,400. Proactive financial news said the rebound followed easing concerns about an immediate escalation between the United States and Iran, which relieved pressure on oil prices and the dollar. Benzinga, however, described geopolitical tensions as still elevated, reporting that Trump had hinted at joining Saudi military operations against Houthi rebels in Yemen after an attack on a key Saudi airport. The sell-off had been driven by rising energy prices and Treasury yields that revived fears of inflation staying elevated and US interest rates staying higher for longer. Ethereum and Solana also edged up, while XRP was roughly flat.

    Key facts

    • US spot Bitcoin ETFs drew about $21 million in net inflows in the latest completed session.
    • The two prior sessions saw about $729 million pulled from Bitcoin ETFs, including $485 million in one day.
    • Proactive financial news put Bitcoin at about $83,738 and Benzinga at $83,844 at latest checks.
    • Over $166 million was liquidated in 24 hours, mostly short positions, according to Coinglass data.
    • Bitcoin remains about one-third below its October 2025 record above $126,000.

    Commentary

    Bitcoin now trades on Treasury yields, oil and Fed expectations rather than crypto news, so this rebound is only as durable as the inflation fears behind the sell-off. Institutional buying has only modestly offset late-September's billions, suggesting big money is still waiting, and a renewed escalation would hit the same oil and dollar channels that drove the decline.

    Sources: Proactive financial news, Moomoo, Benzinga, Pluang

  3. 3

    Liquid Network halts Bitcoin redemptions with reserve about 86% backed

    Liquid, the Blockstream-managed Bitcoin sidechain, has suspended peg-outs, so holders cannot turn Liquid Bitcoin (L-BTC) back into Bitcoin. The suspension follows an exploit; white-hat actors returned roughly 3,400 BTC by September 7. The Defiant reported reserve coverage of 85.8%, a gap of about 603 BTC; TradingView put the unreturned amount at between 598 and 603 BTC. The network restarted on September 10, 2026, but Liquid says redemptions stay closed until the reserve fully backs every L-BTC and security reviews are complete. Blockstream CEO Adam Back has assured stakeholders the 1:1 peg will ultimately be covered, but no date for resuming redemptions has been set.

    Key facts

    • Peg-outs remained suspended as of October 11, 2026.
    • An Elements bug let someone create and redeem L-BTC without authorization, starting September 6, 2026.
    • About 3,996 to 4,000 BTC, worth around $320 million at the time, left the federation reserve.
    • The federation reserve fell from roughly 4,205 BTC before the exploit to 197 BTC at its lowest.
    • Signing keys held by federation members and SideSwap's Peg-out Authorization Key were not compromised.

    Commentary

    The restart is the lesser story; the gap closes only through funds not yet shown, and holders bear the wait. Holding peg-outs until backing is complete is cautious, since early reopening could trigger a rush that leaves the last redeemers empty-handed. The cold-storage move suggests key custody, not just the peg, is now the operational test.

    Sources: The Defiant, TradingView

  4. 4

    Starknet weighs possible Layer 1 shift away from Ethereum as STRK token climbs

    Starknet, a zero-knowledge Layer 2 network operating on Ethereum, has seen a sharp advance in its STRK token. TokenPost said the advance followed discussion of a possible move away from Ethereum-based scaling, while The Defiant described a proposed Layer 1 shift that remains under discussion. No decision to leave Ethereum has been confirmed, and no cause for the rally has been established. The Layer 1 plan is therefore still unresolved, and the token's move has come before any confirmed change to the network.

    Key facts

    • Starknet's STRK token gained 322% over four weeks, according to TokenPost and The Defiant.
    • STRK's four-week gain outpaced Bitcoin and Ether over the same period.
    • The Defiant reported Starknet's DeFi total value locked rose about 5% over a slightly shorter period.

    Commentary

    The rally is the predictable part; the Layer 1 talk is the piece that could still change what it means. Anyone holding STRK while it stays at the discussion stage is betting that talk becomes a decision.

    Sources: The Defiant, www.tokenpost.com

  5. 5

    US CLARITY Act stalls as SEC and CFTC take lead on crypto regulation

    The failure of the CLARITY Act, a US digital-asset market structure bill, has left the SEC and CFTC leading crypto oversight. CoinDesk reported on October 11 that both agencies have stepped up work on crypto rules since the bill stalled, but whether agency action alone can provide long-term stability without Congress remains unclear. Matt Hougan of Bitwise said direct regulator action may be more effective short-term, and Paul McCaffrey of KBW said clarity is spurring M&A activity. Legal experts disagree: Lev Brayd of William & Mary Law School said no comprehensive federal oversight framework for spot crypto trading exists yet, and Kevin Kroiser of D3 said agency actions lack legislation's long-term certainty.

    Key facts

    • The SEC introduced a five-year innovation exemption allowing trading in blockchain-based tokenized stocks on September 17.
    • On October 1, the SEC proposed a rule letting state trust companies custody digital assets.
    • On October 5, the CFTC began seeking public comment on leveraged crypto trading for retail investors.
    • The CFTC's move remains at an early notice-and-comment stage, not formal rule implementation.
    • Matt Hougan of Bitwise said additional rulemaking could take years even after Congress passes legislation.

    Commentary

    The split is less about whether regulators can act than about who can wait. Established platforms can absorb prolonged ambiguity, while newcomers bear most of the cost of building before the rules settle.

    Sources: bloomingbit