Coinpedia Fintech News

China could become a major driver of the next crypto market cycle if it finds a way to reopen access to digital assets. Solana Company CEO Joseph Chee says Beijing is using Hong Kong to test crypto regulations.
Meanwhile, China’s reported Bitcoin holdings and mining activity show why any policy shift could matter to the global market.
China Uses Hong Kong to Test Crypto Rules
In a recent interview, Joseph Chee, CEO of Solana Company, said that China cannot afford to ignore blockchain technology despite its restrictions on cryptocurrency trading.
“They are using Hong Kong as the region to test how the technology will be implemented and are going to find ways to manage it.”
Beijing continues to use Hong Kong as a testing ground for Web3 development. Hong Kong is approving regulated spot ETFs, tightening audit rules for virtual asset service providers (VASPs), and developing stablecoins such as HSBC’s RedCoin.
🇨🇳Crypto bears might have another thing to worry about if this story develops.
Joseph Chee says China is using Hong Kong as a testing ground for crypto regulation while exploring ways to manage digital assets.
“It’s HUGE
I think crypto is gonna go through another super cycle.”… pic.twitter.com/5glnhFsahu
— nordin.eth (@nordin_eth) October 10, 2026
This approach could help mainland China study how crypto markets operate under tighter rules before deciding whether to expand access.
Chee believes that if China allows more crypto trading and blockchain use, the impact could be significant.
“I think the crypto is going to go through another super cycle.”
Why China’s Return Could Matter for Crypto
Chee pointed to Asia’s large population and its early role in crypto adoption. He said restrictions in China slowed that growth, while the U.S. market gained a larger role.
Despite banning crypto trading in 2021, China holds an estimated 190,000 in government-linked wallets, worth around $15.7 billion. Although the government does not officially buy Bitcoin as a strategic reserve, it remains one of the world’s largest government-linked Bitcoin holders.
China also remains connected to Bitcoin mining. Estimates suggest China-linked miners control around 14% to 20% of the global Bitcoin mining power.
Therefore, a reopening could bring Chinese traders and companies back into the market.
“Chee believes China will eventually find a way to manage cryptocurrencies.”
China Builds Blockchain Infrastructure Beyond Crypto
China is also developing blockchain technology for uses beyond token trading. According to Xinhua, a 19-measure policy aims to build nationwide blockchain and computing infrastructure.
BREAKING: 🇨🇳 China moves to establish a nationwide blockchain network to integrate blockchain technology across its economy.
— Bull Theory (@BullTheoryio) October 10, 2026
The plan focuses on bringing blockchain into manufacturing, banking, and data sharing, while improving data ownership rules and cross-border data flows.
This suggests Beijing is continuing to explore blockchain applications even as access to cryptocurrencies remains restricted.

Amazon (AMZN) stock climbed 3.29% on Friday, putting its next major resistance level at $280 back in focus. Fresh bullish calls from Wall Street are adding momentum, with analysts pointing to Amazon Web Services (AWS), artificial intelligence and improving operating performance as potential growth drivers. However, the stock still has to overcome technical resistance before extending its recovery. Can AMZN stock price clear $280 ahead of its October earnings report?
Amazon Stock Rallies as Wall Street Raises Its Targets
Amazon share price gained $8.37 to close at $262.43 on October 9, recovering from the previous session’s $254.06 close. The stock traded between $256 and $262.80 during Friday’s session, while trading volume reached approximately 34.77 million shares.
The latest analyst actions have strengthened the bullish case. On October 6, Tigress Financial raised its Amazon price target from $315 to $385, maintaining a Buy rating. Rosenblatt had also increased its target from $335 to $360 on September 30, while TD Cowen maintained its Buy rating and $350 target.
These targets suggest analysts see meaningful upside beyond the stock’s latest close. However, price targets reflect expectations over a longer investment horizon, not a guarantee that AMZN will break above $280 in the near term.
Can AMZN Stock Break Above $280?
Amazon’s latest rally has brought the stock closer to a resistance zone that could determine its next direction. The $280 level is particularly important because it sits near the stock’s recent 52-week high of $287.20.
A sustained move above $280 could bring the $287–$290 area into focus. A breakout above that zone would strengthen the bullish structure and potentially open the way toward $300. However, a brief move above $280 would not be enough to confirm a breakout. Buyers would need to defend the level after the initial advance, ideally with stronger trading volume.
Failure to overcome resistance could send the stock back toward $254–$256, with the $250 area becoming the next downside level to watch. The immediate setup is therefore constructive, but confirmation depends on whether buyers can turn Friday’s rally into sustained upward momentum.
AWS and AI Spending Could Drive the Next Rally
Amazon’s longer-term investment case rests heavily on AWS, advertising and its expanding AI infrastructure business. AWS remains a key earnings driver because cloud services generate recurring revenue and carry stronger margins than much of Amazon’s retail operations.
AI demand is also creating opportunities for AWS as businesses increase spending on computing capacity, cloud infrastructure and AI services. Amazon is investing heavily to capture that demand, although higher infrastructure spending also creates pressure to demonstrate that future revenue growth will justify the cost.
The broader earnings environment could provide additional support. Analysts expect AI-related companies, including Amazon, to account for a significant share of third-quarter earnings growth across the S&P 500.
Amazon’s next earnings report, expected on October 29, will be an important test. Investors will look for continued AWS growth, improving profitability and management commentary on AI-related capital expenditure. Strong results and upbeat guidance could help AMZN challenge $280, while disappointing growth or rising cost concerns could limit the rally.
Amazon Stock Outlook: Is $280 Within Reach?
Amazon’s 3.29% rally and rising analyst targets have strengthened the bullish case, but $280 remains the next important hurdle. A sustained breakout could put $287–$290 and eventually $300 in focus, while rejection may bring $254–$256 back into play. AWS growth and upcoming earnings remain key catalysts. AMZN’s ability to hold its gains and break through resistance will determine whether the latest rally has further room to run.

US Crude oil is at risk of falling below $90 as President Donald Trump’s proposed Russian diesel deal raises fresh pressure on energy prices. WTI dropped toward $90 after the announcement before recovering, leaving the market at a critical level ahead of Monday’s session. If selling resumes, crude could test lower support; if buyers hold the $90 zone, a rebound toward $100 remains possible.
Trump-Putin Diesel Deal: Will Russian Supplies Pressure Oil Prices?
Trump announced that Russia would supply additional diesel, including more than 300,000 metric tons immediately and 500,000 tons in November, with further shipments planned. The US also authorized Russian diesel imports under a temporary license extending through April 7, 2027.
President Donald Trump said Friday that Russia will supply millions of tons of diesel to the global market under a deal he struck with President Vladimir Putin.
Russia will immediately supply more than 300,000 tons of diesel, followed by 500,000 tons in November, and 1 million… pic.twitter.com/roDVPVqlqS
— CNBC (@CNBC) October 9, 2026
The announcement put pressure on refined-fuel markets. US diesel futures fell nearly 5%, while the diesel crack spread against WTI crude declined by $6.45 per barrel. WTI crude oil price briefly dropped toward $90 before recovering part of its losses.
The deal’s direct impact on crude oil remains uncertain. Diesel is a refined product, and additional shipments do not automatically increase crude production. However, lower diesel prices could squeeze refinery margins and reduce refiners’ willingness to pay higher prices for crude. The bearish impact on WTI will depend on the volume of fuel delivered and whether the additional supply materially changes market conditions.
Iran Tensions Keep Oil Supply Risks in Focus
Developments involving Iran and the Strait of Hormuz remain important for crude oil prices because disruptions to regional shipping could affect global energy supplies. Any escalation could offset some of the downward pressure from the Russian diesel arrangement.
WTI price settled Friday at $91.85 per barrel, up 0.39%, while Brent crude closed at $104.72, gaining 0.42%. Both benchmarks finished higher despite the initial reaction to Trump’s announcement. The recovery suggests that traders have not fully priced in a sustained decline in crude oil.
US Crude Oil Price Analysis: Will WTI Break Below $90?
US Crude Oil price is trading near $91.67, with the $88–$90 zone acting as immediate support. The recovery from the initial decline has kept crude above this area, but a sustained break below $90 would put buyers under pressure. If WTI price falls below $88, the next downside target is $83–$85.
Further selling could bring the $75–$78 region into focus. The RSI near 50 signals neutral momentum, with no decisive bullish or bearish confirmation yet. On the upside, holding above $90 could open a recovery toward $95–$100. A sustained move below $88 would provide stronger evidence that sellers are gaining control, while a rebound above $95 would weaken the immediate bearish outlook.
US Crude Oil Outlook: What to Expect on Monday
The Russian diesel deal could weigh on WTI, but its impact will depend on actual supply increases and broader market conditions. The $90 level is the immediate test: a break below it could expose $88, followed by $83–$85 if selling continues. If buyers defend support, WTI could rebound toward $95–$100. A confirmed break below $88 would provide a stronger signal of further downside.

The XRP Ledger (XRPL) disclosed two software vulnerabilities on October 9, 2026, including a critical bug that could have allowed attackers to create new, spendable XRP. The second flaw affected the network’s Batch transaction feature and could have disrupted transaction validation.
According to the official report, the payment engine bug was fixed in xrpld version 3.4.1, released on September 25. XRPL reported no evidence that the vulnerability had been exploited on any public network.
XRPL Bug Could Have Created New XRP
The critical vulnerability affected how the payment engine calculated the XRP required to complete trades across multiple offers in an order book. The calculation could overflow when the combined amount exceeded the maximum value supported by the system. This could cause the payment engine to charge a buyer less XRP than the amount credited to offer owners, effectively creating new XRP.
Exploiting the bug required a carefully prepared order book containing hundreds of offers with unusually high prices, followed by a specific payment transaction. The vulnerability could not be triggered through ordinary payments or trades.
A researcher reported the issue through the XRPL Bug Bounty program on September 22, 2026. The RippleX engineering team reproduced the bug and confirmed that any XRP created through the flaw could be spent.
The issue was fixed in version 3.4.1. Developers added checks to prevent the calculation from overflowing and strengthened the system’s safeguards against unauthorized XRP creation.
Second Bug Affected XRPL Batch Transactions
The second vulnerability involved the XRP Ledger’s Batch transaction feature, which allows users to submit multiple transactions together. The flaw allowed a transaction inside a batch to use an incorrectly structured field. The server could still accept and process the transaction.
This created a risk that different versions of XRPL software could disagree on whether a transaction was valid. Such disagreements could prevent validators from reaching consensus and interrupt ledger validation.
The issue did not allow attackers to bypass transaction signatures or directly steal funds, according to the report.
XRPL addressed the flaw through the fixBatchV1_2 amendment, which requires transactions to use the correct structure. The Batch feature had not been activated on the mainnet when the vulnerability was identified, so the report did not identify any mainnet accounts or funds affected by this bug.
XRPL Activates Batch Security Fix
XRPL developers and validator operators withdrew support for the original Batch amendment to reset its activation timeline while the team prepared the fix.
The corrected amendment gained support and activated on the mainnet on October 9, 2026, the same day the vulnerability report was published.
The report also outlined a change to the security testing process. XRPL plans to retest reported vulnerabilities against release candidates to confirm that fixes work before software releases.
What XRP Holders Need to Know
Both vulnerabilities have been addressed, and XRPL reported no evidence that the critical payment engine bug had been exploited on a public network. The report does not establish that either flaw caused an actual loss of funds or an increase in XRP supply. The payment engine fix is included in xrpld version 3.4.1, while the Batch issue was addressed through the fixBatchV1_2 amendment.
The report does not instruct XRP holders to move their funds or change their private keys. The software upgrade is relevant to XRPL server operators, who need compatible versions to remain synchronized with the network.

Ethereum is taking a beating, but investors aren’t necessarily heading for the exits. Ethereum exchange reserves on Binance have fallen to a six month low even as ETH’s price slides, raising a question, are holders using the correction to reposition rather than sell?
Ethereum Exchange Reserves Fall During Market Correction
Per Darkfost analysis, the broader altcoin market has lost more than $110 billion in market capitalization over three days, measured by Total2. ETH, the largest altcoin by market cap, has dropped 11%, shedding more than $38 billion in value.
Yet Binance’s ETH reserves have moved in the opposite direction. They fell from 3.57 million to 3.47 million ETH during the recent period. Back in August, reserves stood at 3.92 million ETH, meaning they have declined nearly 11.5% since then.
That’s a meaningful shift. Fewer ETH sitting on an exchange can be consistent with holders moving coins into self-custody, though reserve figures alone don’t prove what every investor intends to do.
Binance Withdrawals Hit A Record High
The withdrawal activity adds another layer. On October 6, Binance recorded more than 320,000 ETH withdrawal transactions in a single day.
Despite falling prices, investors are continuing to move ETH off the platform. That could reflect a longer-term holding strategy or plans to put assets to work while waiting for a better selling opportunity. Either way, the withdrawals don’t automatically mean a rally is coming.
ETH Must Hold Its Breakout Zone
Price action now presents a separate test. ETH price has dropped back into the $2,450-$2,620 zone, identified as a key breakout area.
The technical scenario is straightforward, reclaim $2,600 and a move toward $3,400 becomes a possibility. Lose the zone, and $2,100 becomes the next support level highlighted in the analysis. A failed breakout could turn the recent setup into a fakeout.
For now, Ethereum exchange reserves and record withdrawals suggest investors are moving coins despite the correction. But whether ETH price can reclaim $2,600 or slips toward $2,100 remains the immediate price question.

When the Bitcoin realized profit data tells a different story from the market panic, it’s worth looking twice. BTC recently dropped to $80,500, triggering talk that holders were capitulating and selling at a loss. But Santiment insights point to something quite different: the broader network realized billions more in profits than losses.
Bitcoin Realized Profit Tells A Different Story
From October 2 to 8, holders realized more than $3.3 billion in net profits, according to the Santiments data. Not exactly the picture of widespread losses that capitulation claims suggest.
The reading also fits a broader pattern of profit-taking. Late September recorded around $3.4 billion in net realized profits, while late August saw roughly $3 billion. In dollar terms, recent selling looks more like investors cashing out gains than everyone rushing for the exits.
No Single Day Recorded Net Realized Losses
The daily figures make the contrast sharper. During the October 2–8 period, not one day ended with a net realized loss across the network.
Compare that with August 14–20. That week recorded approximately $1 billion in net realized losses, with six of its seven days closing in the red. That’s a much clearer example of loss-heavy selling.
So, while BTC’s decline to $80,500 may have looked ugly on price charts, the realized profit-and-loss figures don’t support the idea that the whole network was selling at a loss.
Why Network-Wide Data Still Misses Details
There’s a catch, though. Aggregate data can’t tell us exactly which holders sold profitably and which took losses.
Recent buyers could still have sold below their purchase prices while older holders realized gains. The network-wide figures combine those outcomes, making it impossible to isolate each group from this data alone.
For now, Bitcoin realized profit data suggests the latest drop looked more like profit-taking than broad capitulation. That’s a useful distinction, but it isn’t proof that no holders sold at a loss.

U.S. Treasury Secretary Scott Bessent says the government will “probably” seize another $1 billion in cryptocurrency linked to Iran this week. The warning comes as Washington steps up pressure on Tehran’s financial networks, following earlier crypto freezes and efforts to restrict Iranian oil trade.
Bessent Says U.S. Has Tracked Iran-Linked Crypto
Speaking at a conference, Bessent said authorities know where the targeted funds are located.
“We know where it is,” he said, describing the broader effort as an “absolute isolation campaign.”
Bessent also said the pressure was affecting Iran’s Islamic Revolutionary Guard Corps (IRGC). He said the group “is now panicking amongst themselves,” adding that the campaign was unlike anything seen before.
Bessent also pointed to military action and maritime blockades as part of the pressure on Tehran.
“We have, we had military. Now we have the blockades, so nothing is going in, coming out or going in,”
The possible seizure would add to earlier actions targeting cryptocurrency wallets linked to Iranian entities and officials.
Earlier Crypto Freezes Include $550M in USDT
The latest plan follows earlier actions against Iran-linked digital assets. According to the reference, authorities have already targeted approximately $550 million in USDT linked to Iranian entities, including wallets on the TRON blockchain.
The reported actions included a freeze of around $344 million in April and another involving approximately $131 million in July, linked to wallets associated with Iran’s central bank.
Tether has cooperated with authorities to freeze USDT connected to suspected illicit activity. These freezes show how stablecoin issuers can restrict access to tokens held at identified blockchain addresses.
Bitcoin and Other Crypto Also in Focus
The reported enforcement effort also involves around $450 million in Bitcoin and other cryptocurrencies allegedly linked to Iranian financial networks. Authorities reportedly traced these assets through wallets associated with activities supporting Iranian financial operations.
The next planned action could target another $400 million to $500 million in stablecoins, alongside additional digital assets.
The crypto measures are part of a wider U.S. campaign targeting Iran’s overseas financial networks and oil trade.

Ledger is investigating reports of cryptocurrency theft involving customers in Southeast Asia who purchased hardware wallets from reseller CryptoBilis. On-chain investigator Specter has estimated that more than $86 million in crypto assets was drained across 98 wallet addresses, although the total losses and the cause of the incidents have not been independently confirmed.
The reports have raised concerns among Ledger users after affected customers said their crypto holdings were drained. However, a Ledger-wide security exploit has not been confirmed, and the investigation has yet to establish whether a vulnerability in Ledger devices was involved.
Ledger Suspends CryptoBilis Sales During Investigation
Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBillis. As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices.…
— Ledger Support (@Ledger_Support) October 9, 2026
Ledger said it had asked CryptoBilis to pause all sales and shipments of its devices as a precaution while the company investigates the reported losses.
The company advised customers who purchased Ledger devices from the reseller within the past 90 days not to initiate setup if they had not already done so.
Customers who have already set up their devices were advised to consider moving their assets to a new Ledger signer using a new recovery seed.
Ledger said it would continue updating customers as the investigation progresses. The company has not confirmed the root cause of the reported incidents.
Crypto Theft Estimates Exceed $86 Million
There have been a reports on X and Reddit of wallet-draining by Ledger users.
I traced the theft addresses and identified inflows from more hundreds of victim wallets across several major blockchains, including Ethereum, TRON, and Bitcoin.
Total losses $86M+… pic.twitter.com/c5dhQeAZ0l
— Specter (@SpecterAnalyst) October 9, 2026
On-chain investigator Specter shared an estimate of $86.96 million across 98 addresses after examining reports from users who said they owned Ledger devices.
Security researcher tanuki42 had earlier estimated that losses exceeded $72 million and said the amount was increasing.
The reported thefts involve assets across Bitcoin, Ethereum and Tron networks. However, the 98 addresses identified by Specter do not necessarily represent 98 confirmed victims, and the estimates have not established the full scale of the incidents.
It also remains unclear whether the affected wallets were compromised through stolen recovery credentials, a reseller-related issue or another attack method.
How Crypto Can Be Stolen Without Access to a Ledger Device
A hardware wallet protects private keys by keeping them secured within the device. However, a wallet’s recovery phrase can be used to restore access to its funds on another compatible wallet.
If an attacker obtains the complete 24-word recovery phrase, they may be able to recreate the wallet’s keys and transfer its assets without physically accessing the original Ledger device.
An additional passphrase, when configured, provides another layer of protection. Anyone attempting to access a wallet protected by one would also need the correct passphrase.
This is one possible explanation for how crypto can be transferred without the original hardware wallet approving the transaction. However, it does not establish how the reported thefts occurred.
Ledger Users Warned Against Sharing Recovery Phrases
Users should never enter their recovery phrases on websites, mobile apps or support chats claiming to secure their wallets. Ledger has repeatedly warned users that it will never ask them to disclose their recovery phrases.
Customers who purchased devices from CryptoBilis within the past 90 days should follow Ledger’s specific guidance and avoid setting up unused devices until further information is available.
Users who suspect their wallets have been compromised should avoid sharing recovery credentials and use a trusted, secure device setup when transferring remaining assets to a newly generated wallet.
The investigation remains ongoing. Until Ledger confirms the cause, the reported losses should not be treated as proof of a company-wide hardware wallet exploit.

Bitcoin gets the headlines, but Standard Chartered’s Geoffrey Kendrick thinks the bigger story sits underneath it. The bank’s global head of digital assets research says stablecoins and tokenization are turning some altcoins into real businesses, ones whose fees keep growing while their token prices stay low.
For most of crypto’s history, Kendrick said, the altcoin market moved on speculation. That began to change in mid-2025, when stablecoins found real use. Now some protocols are earning fees from actual activity, and he expects Bitcoin’s share of the market to “gradually come lower” as a result.
Altcoins he is backing
Arbitrum (ARB): the tokenization toll road. Kendrick believes the layer 2 market is consolidating around Arbitrum and Coinbase’s Base. Base has no token, which leaves Arbitrum as the main way to capture that growth. Robinhood already uses Arbitrum’s technology. Kendrick expects other traditional firms to see that and follow, so instead of one Robinhood, Arbitrum could serve four, five or even ten within a year, multiplying its fees.
Chainlink (LINK): the trust layer. Chainlink brings real-world data on-chain and connects different blockchains at institutional grade. When banks and asset managers move assets on-chain, “they want to be able to trust what’s happening,” Kendrick said. That, in his view, is the simple case for LINK.
Uniswap (UNI): fees turning into burns. Activity on Robinhood Chain has driven a sharp rise in Uniswap’s token buyback and burn, faster than Kendrick expected. He said the project has already moved well ahead of his forecast.
Aave (AAVE) and Morpho (MORPHO): on-chain lending. Kendrick sees both as leaders in decentralised lending, a market that grows as more real-world assets move on-chain.
Ethereum (ETH): where tokenization lives. He expects most stablecoin and tokenization activity to happen on Ethereum, and thinks ETH will outperform Bitcoin as its ecosystem captures that growth.
The Amazon comparison
Kendrick likened today’s protocols to Amazon in 1997, when it looked like “this crazy online bookshop” and few understood what it would become. He believes some of these projects will look the same way in hindsight.
“In 10 years from now, people will be looking back and saying, ‘Wow, I wish I bought Arbitrum at 21 cents,’” he said.

Pi Network is exploring stablecoin solutions to support payments, business transactions, and other activities across its ecosystem. The initiative includes a partnership with Open Standard, the developer of the OUSD stablecoin, to examine potential uses and reward programs for Pioneers.
The network said stablecoins would complement its native PI cryptocurrency rather than replace it. However, the project is still in the exploration stage, with no launch timeline announced.
Pi Network is exploring how stablecoins can support additional utility across the Pi ecosystem while maintaining a distinct, complementary role to Pi.
Read the new blog in the Pi mining app to learn about:
– Pi’s approach to stablecoins
– How stablecoins may help expand… pic.twitter.com/dw2CwMLT6v
— Pi Network (@PiCoreTeam) October 9, 2026
Why Is Pi Network Exploring Stablecoins?
PI’s market price can fluctuate, making it difficult for businesses to maintain consistent prices and manage payments. A stablecoin, typically pegged to a currency such as the US dollar, can offer more predictable transaction values.
This could help businesses price products, manage accounting, and settle payments without taking on the same level of price volatility associated with PI.
Stablecoins could also make it easier for businesses and users outside the Pi ecosystem to participate in its economy.
Pi Network Partners With Open Standard
Pi Network is working with Open Standard to explore stablecoin solutions and their potential role in the ecosystem. Open Standard develops OUSD, a stablecoin designed to distribute much of its reserve income to the partners that support its distribution.
According to the information shared about the initiative, OUSD operates through a consortium of more than 200 companies and supports minting and redemption without fees or scale-based restrictions.
The partnership will examine potential reward programs for Pioneers and additional ways to use stablecoins across Pi’s ecosystem.
PI to Remain the Primary Cryptocurrency
Pi Network has emphasized that a stablecoin would serve a narrower purpose within its ecosystem. PI would remain the primary cryptocurrency, while stablecoins could support transactions that require price stability.
The network also cautioned that introducing a stablecoin requires careful planning. Its implementation must account for regulatory compliance and the potential impact on PI’s existing utility.
What Happens Next?
Pi Network has not announced a launch date or confirmed the final design of its proposed stablecoin solution. The project remains focused on evaluating possible use cases, reward mechanisms, and compliance requirements.
If implemented, the initiative could give businesses more options for payments and settlement within the Pi ecosystem while retaining PI as its native cryptocurrency.

U.S. President Donald Trump’s latest financial disclosure reveals stock transactions involving Nvidia, Strategy, Coinbase, Microsoft, Meta Platforms and other major companies during August 2026.
The report, filed with the U.S. Office of Government Ethics, also lists a purchase of SpaceX senior unsecured notes valued between $1 million and $5 million. The transactions provide a snapshot of Trump’s reported investment activity, although the filing does not disclose the exact value of his overall stock portfolio.
Trump Stock Holdings Include Nvidia, Strategy and Coinbase Trades
The disclosure records multiple Nvidia transactions during August, including purchases on August 3 and August 17, followed by a sale on August 21.
The reported transactions include:
Nvidia: A purchase of $250,001 to $500,000 on August 3, another purchase of $500,001 to $1 million on August 17, and a sale of $500,001 to $1 million on August 21.
Strategy: A stock purchase valued between $1,001 and $15,000 on August 10.
Coinbase: A stock sale valued between $1,001 and $15,000 on August 10.
Microsoft: A purchase valued between $1 million and $5 million on August 10.
Meta Platforms: A purchase valued between $5 million and $25 million on August 21.
Amazon: A purchase valued between $250,001 and $500,000 on August 17.
The Strategy and Coinbase transactions add to the crypto-related activity in Trump’s reported portfolio. However, the filing does not establish whether the trades represent a broader change in his cryptocurrency-related investments.
Trump Reports SpaceX Notes Purchase
The filing records a purchase of SpaceX senior unsecured notes on August 18, valued between $1 million and $5 million.
The transaction is a debt investment, not a purchase of SpaceX stock. A separate July disclosure, reported by Reuters, listed SpaceX share purchases and sales by Trump.
The distinction matters when assessing Trump’s stock holdings because the August transaction does not represent direct equity ownership through the reported notes purchase.
Other Major Stock Transactions in Trump’s Filing
The August report also includes transactions involving Alphabet, Broadcom, Netflix, Oracle, Salesforce and Walmart, among other companies.
The filing reports transaction values within ranges rather than exact dollar amounts. It also does not provide a complete, real-time breakdown of Trump’s current holdings or the number of shares he owns in each company.
As a result, the disclosed purchases and sales should be treated as reported transactions during the covered period, rather than a full valuation of his investment portfolio.

MARA Holdings has transferred 996 Bitcoin worth approximately $81.13 million to a wallet identified as belonging to Galaxy Digital. The transfer comes as MARA shifts more of its business toward artificial intelligence (AI) and high-performance computing.
Meanwhile, Bitcoin fell close to $81,000, pushing total crypto liquidations above $1 billion.
MARA Moves 996 BTC to Galaxy Digital
Blockchain tracking platform Lookonchain flagged the transfer on Friday, October 9, 2026. The transaction involved 996 BTC worth $81.13 million, but it remains unclear whether MARA sold the Bitcoin or moved it for another purpose.
It seems that Bitcoin mining company MARA Holdings (@MARA) also dumped 996 $BTC($81.13M).https://t.co/fTOd8FQMxR pic.twitter.com/xr6Bk1km4N
— Lookonchain (@lookonchain) October 9, 2026
According to Bitcoin Treasuries data, MARA’s Bitcoin holdings fell from 53,822 BTC in February to 35,577 BTC in August. This shows how much the company’s reserves have declined in recent months.
In March, MARA sold 15,133 BTC for about $1.1 billion. The company used the proceeds mainly to buy back more than $1 billion in convertible debt at a discount, reducing its debt and potential future share dilution
The company has been selling Bitcoin to reduce debt and fund its move beyond cryptocurrency mining.
MARA Sells Bitcoin to Fund AI Expansion
MARA is also moving beyond its traditional Bitcoin mining business. The company is expanding into AI computing and data center infrastructure, where it can provide computing power for businesses.
In February, MARA announced a partnership with Starwood Capital Group to develop digital infrastructure sites for data centers and AI customers. The plan included about 1 gigawatt of near-term IT capacity, with the potential to expand further.
The latest transfer could fit this broader treasury strategy, although it does not confirm another sale.
Bitcoin Nears $81K as Liquidations Top $1 Billion
The transfer comes as the crypto market faces renewed selling pressure. Bitcoin fell close to $81,000, triggering heavy losses across the market. Over the past 24 hours, total liquidations reached $1.03 billion, affecting 174,088 traders.
The sell-off also hit U.S. spot Bitcoin ETFs, which recorded $484.9 million in outflows on October 7, followed by another $244 million on October 8.

The XRP ETF market is showing resilience as investors pull money from Bitcoin and Ethereum funds. U.S. spot XRP ETFs attracted approximately $8.17 million in net inflows on October 8, while Bitcoin ETFs lost $244 million and Ethereum funds recorded $73 million in outflows. The divergence raises a key question: can continued XRP ETF demand help XRP price break above $1.50 resistance and trigger a stronger recovery?
XRP ETF Inflows Rise as Bitcoin and Ethereum Funds Lose Capital
XRP investment products attracted fresh capital while the two largest crypto ETF markets faced renewed selling pressure. On October 8, U.S. spot XRP ETFs recorded approximately $8.17 million in net inflows, according to the figures shown in the market-flow data.
By comparison, spot Bitcoin ETFs recorded around $244 million in net outflows, while Ethereum ETFs lost approximately $73 million. The contrast puts XRP ETF flows in focus as investors assess which digital assets are attracting capital during a period of broader market weakness.
Franklin Templeton’s XRP ETF just saw $8.17M in inflows.
Another sign that institutional interest in XRP is growing as traditional asset managers continue expanding their crypto offerings.
I’m watching whether this demand starts translating into stronger XRP price action. pic.twitter.com/adJVUGzoms
— That Martini Guy ₿ (@MartiniGuyYT) October 9, 2026
Franklin Templeton’s XRP ETF reportedly accounted for $8.17 million in inflows that day. Bitwise products have also attracted attention, with additional reports highlighting continued investor purchases of XRP ETF shares.
However, a single session cannot establish a lasting trend. The more important signal will be whether XRP ETFs continue recording net inflows over several sessions and whether that demand coincides with stronger spot-market buying.
XRP Price Analysis: Can ETF Demand Push XRP Above $1.50?
XRP price is trading near $1.40, showing consolidation below a resistance zone around $1.45–$1.50. Ripple token price remains under a horizontal neckline, suggesting sellers continue to challenge the recovery. A sustained move above $1.50 would provide the first meaningful bullish signal. If buying volume strengthens after the breakout, XRP could rally toward $1.60–$1.65. A broader supply zone near $2.00–$2.10 remains a more significant hurdle for any extended rally.
On the downside, $1.35–$1.33 is the immediate support area. A break below this zone could weaken the recovery and expose the lower demand area around $1.10–$1.15. The current setup leaves XRP at a crossroads. Positive ETF flows may improve sentiment, but the price still needs to overcome resistance before the market can confirm a bullish reversal.
Why XRP ETF Inflows Matter for the Price Outlook
Spot XRP ETFs provide investors with a regulated investment vehicle for gaining exposure to XRP without directly holding the token. Persistent net inflows can indicate growing demand for these products, although they do not guarantee an immediate increase in XRP’s market price.
Three signals will help determine whether the current inflows can support a sustained recovery:
Consistent daily inflows: Several consecutive sessions of positive flows would provide stronger evidence of persistent investor demand.
A breakout above $1.50: Price strength alongside positive flows would offer better confirmation than ETF inflows alone.
Rising trading volume: An increase in spot-market activity during a breakout would help establish whether buyers are overcoming resistance.
If ETF inflows continue but XRP remains below $1.50, the market could stay range-bound. If inflows weaken while support breaks, the current bullish argument would become less convincing.

The Bitcoin price is facing renewed selling pressure after a sharp wave of profit-selling and long liquidations hit the market. Alongside the record ETF outflows, realized profits have added more upside pressure on the token. As a result, the levels have currently dropped to $82,542 after marking the local lows at $80,393. This sell-off has again brought the $80,700 support back in focus. The key question now is whether this is a short-term flush or the start of a deeper correction to $75,000.
Bitcoin Faces Heavy Profit-Taking After Rally
Bitcoin’s recent move from $87,000 to $80,000 has allowed holders to lock in gains, and the selling that followed was unusually strong. The investors realized roughly $1.03 billion in profits, making the second-highest profit-taking of 2026, just below the year’s peak of around $1.04 billion.
Santiment data showed that about 86% of the Bitcoin sent to exchanges around the recent move above $85,000 came from short-term holders transferring coins at profit. This suggests a large portion of the recent rally was met with active profit-taking rather than fresh accumulation.
$1B in Long Liquidations Accelerate Bitcoin’s Decline
The profit-taking quickly split into the derivatives market as Bitcoin’s decline triggered a wave of forced liquidations. More than $1 billion in crypto positions were liquidated, with roughly $930 million coming from long positions, making it one of the largest long-side wipeouts in recent months.
Bitcoin’s drop toward $80,400 forced leveraged traders to close positions as losses accelerated. More than $1 billion has been liquidated in the past 24 hours and close to $700 million in the past hour. The combination of heavy-profit taking and leveraged liquidations creates a potentially bearish feedback loop.
Bitcoin Price Analysis: Can BTC Defend $80,000?
Bitcoin’s recent decline has brought the $80,700 to $81,000 zone into immediate focus. This area is pivotal because it sits close to the recent low and has attracted significant buying interest. Holding above it could give buyers room to stabilize the market after the liquidation-driven sell-off.
A recovery above $82,000 would provide the first sign that selling pressure is easing, and from here it could retest the $85,000 region & $87,000 later. A failure to reclaim these levels would keep the short-term structure weak and leave BTC vulnerable to another move lower. If the price breaks below $80,700, $75,000 could emerge as the next major downside target.
Can Bitcoin Repeat the October 2025 Crash?
The latest sell-off arrived ahead of the anniversary of the October 2025 crash, when roughly $19 billion in crypto positions were liquidated. However, the current liquidation event is only a fraction, and so there is not enough evidence to call this a repeat of the October 10 crash. Besides, the combination of heavy profit-taking and forced liquidations has removed a significant amount of leverage, while ETF outflows suggest demand still needs to recover before another sustained rally can develop.
For now, the next move will largely depend on whether selling pressure continues after the recent flush. If Bitcoin (BTC) price stabilises, buyers return, and ETF inflows begin, momentum could rebuild and revisit the mid-$80,000 level before rising back to $87,000.

October 9, 2026 09:08:04 UTC
Stock Market Today: Vodafone Shares Slide As Investors Book Profits
Vodafone shares came under selling pressure on Friday, a day after the VodafoneThree investor briefing lifted targets for the merged UK mobile business. The company now aims for £1 billion in yearly cost savings by fiscal 2032, against an earlier goal of £700 million by fiscal 2030. It also set out adjusted EBITDAaL growth in the mid-to-high single digits through FY32. The stock had rallied ahead of the event, and the upgraded numbers appear to have been priced in, prompting investors to lock in gains. A Buy rating from Deutsche Bank, which sees lower downside risk and a stronger upside case, failed to halt the decline.
October 9, 2026 08:40:42 UTC
Stock Market Today: Empower India Shares Deliver 1,180%
Empower India Ltd has climbed from ₹0.15 on the BSE on November 7, 2022, to ₹1.92 on Friday, a gain of about 1,180% in roughly four years, according to exchange data. The penny stock has multiplied nearly 13 times over a period in which the broader market has struggled. Indian benchmarks have been under sustained selling pressure. A weak rupee has driven dollar outflows from Dalal Street, and AI-led interest has pulled foreign money toward South Korea. Rising crude oil prices and US bond yields have added to the strain.
October 9, 2026 08:40:42 UTC
Stock Market Today: Sensex Rallies 944 Points To 72,537 As Large Caps Lead Recovery
The Sensex climbed 943.67 points, or 1.32%, to 72,536.91 on Friday after opening 183.43 points higher and building on gains through the session. The index now sits about 1.72% above its 52-week low of 71,292.88. Larger stocks led the advance. The S&P BSE 100 rose 1.31% and the S&P BSE 150 Midcap Index gained 1.26%, while the S&P BSE 250 Smallcap Index added a smaller 0.54%. Despite the rebound, the Sensex remains below its 50-day moving average, which itself trades under the 200-day average.
October 9, 2026 08:40:42 UTC
Stock Market Today: Inox Green Energy Shares Surge 15%
Inox Green Energy Services jumped more than 15% on the NSE on Friday to an intraday high of ₹131.80, after opening at ₹117.04. The rally follows the company’s announcement that it will acquire the 4.5 GW operations and maintenance business of Wind World India for ₹550 crore. Elevated crude oil prices are also lifting demand for renewable energy stocks, and Inox Green is benefiting.
October 9, 2026 08:10:08 UTC
Four Signals To Watch Before Calling A Market Reversal
Friday’s green open has lifted sentiment, but market watchers warn that the close will show whether the recovery holds. The four indicators flagged are Nifty’s closing strength, confirmation from Bank Nifty, FII and DII flows, and crude oil prices. Indian equities staged a rebound attempt on Friday, a day after a sharp sell-off capped a week of extreme volatility. The broader picture remains difficult following a prolonged losing streak, and a single positive session does not yet confirm a change in trend.
October 9, 2026 08:10:08 UTC
Asian Markets Trade Lower, Korea And Taiwan Shut
Most Asian markets are trading in the red as investors stay cautious. South Korea’s KOSPI and Taiwan’s market are closed on Friday.
October 9, 2026 08:10:08 UTC
Nasdaq Drops Over 1% As OpenAI Earnings Concerns Hit Chip Stocks
US markets closed mixed, with the Dow Jones recovering to end higher while the Nasdaq lost more than 1%. Worries over weaker-than-expected earnings at OpenAI dragged on semiconductor and other chip-related stocks.
October 9, 2026 08:10:08 UTC
US Reportedly Suspends Six IT Majors From PERM Programme
The US has reportedly suspended Cognizant, Infosys, TCS, Wipro, HCL and Capgemini from the Permanent Labor Certification (PERM) programme. The move is a setback for Indian IT companies, which rely on the scheme to sponsor foreign workers for US green cards.
October 9, 2026 08:10:08 UTC
TCS Shares Jump 4% After Q2 Results, Goldman Sachs Retains Buy
Tata Consultancy Services gained more than 4% on the NSE on Friday, a day after India’s largest IT services company posted its second-quarter numbers. The stock stood at ₹2,161 at 12:21 pm, higher by ₹85 or 4.09% against Thursday’s close of ₹2,076, having climbed as far as ₹2,204 during the session. About 81.04 lakh shares valued at ₹1,758 crore changed hands. The rally offers a pause in a prolonged slide. TCS has lost close to 29% in 12 months and nearly 33% so far in 2026, while the Nifty 50 has fallen roughly 14% over the same stretch. The share price sits far beneath its 52-week peak of ₹3,350 from February 3, 2026, but above the 52-week trough of ₹1,976.80 recorded on July 1, 2026.
October 9, 2026 08:10:08 UTC
Why Is Stock Market Up Today?
Indian equities bounced back on Friday after Thursday’s rout erased more than ₹10 lakh crore from market value. By 10.30 AM, the Sensex had climbed over 800 points to 72,401, while the Nifty 50 moved above 22,500, up more than 250 points. President Donald Trump said the US will not strike Iran before the November 3 midterms and described talks as productive, pulling Brent below $103 a barrel. Information technology shares did the heavy lifting, with the Nifty IT index up 3% after TCS posted a 15% jump in second-quarter profit to ₹13,884 crore. US Treasury yields also eased, with the 10-year at 5.2%.

Cosmos (ATOM) is pressing against a key resistance zone that could determine its next major move. After recovering from its August lows, ATOM is approaching $1.90, with a break above $2 potentially opening the door to a stronger rally. But the descending trendline remains a hurdle, and another rejection could erase recent gains. Meanwhile, Cosmos’s post-quantum security upgrade adds a fresh fundamental angle.
Post-Quantum Security Upgrade Strengthens Cosmos’s Development Story
Cosmos has introduced Ledger Security 2026.1, adding native post-quantum cryptographic key support to its software stack. The upgrade supports ML-DSA signatures for user accounts and validator consensus signing, alongside remote key management and validator key rotation without downtime.
New release: Post-Quantum Ledger Security 2026.1. The first native post-quantum secure key option for the Cosmos stack.
A Cosmos-based ledger can now move to a quantum-resistant architecture, as defined today.https://t.co/DKZFQiJJf3 pic.twitter.com/pY150GKhpY
— Cosmos Labs (@cosmoslabs_io) October 8, 2026
These features are designed to help blockchain operators prepare for future cryptographic threats while meeting security requirements relevant to enterprise and regulated financial deployments. The release also expands the tools available for managing validator keys and hardware-backed signing.
The upgrade adds a development catalyst for the Cosmos ecosystem, but its direct effect on ATOM’s market value remains uncertain. Traders will need to see whether improved infrastructure and enterprise adoption translate into greater network activity or stronger demand for the token.
ATOM Price Analysis: $1.90 Resistance Holds the Key
ATOM token is approaching the upper boundary of a descending resistance trendline as rising support continues to push price toward a potential breakout. The latest reading places ATOM near $1.88, up 6.75%, with momentum improving as the token approaches the $1.90 threshold.
The immediate resistance zone sits between $1.90 and $2.00. A daily close above $1.90, followed by a sustained move beyond $2.00, would strengthen the bullish setup and potentially open the way toward the next resistance levels near $2.10–$2.20. However, a brief move above resistance without continued buying pressure could turn into a false breakout.
On the downside, $1.75–$1.65 forms the nearest support area. A drop below this zone would weaken the recovery structure and bring the broader $1.30–$1.40 demand zone back into focus.
Can ATOM Sustain a Breakout Above $2?
ATOM’s next move depends on whether buyers can turn the current recovery into a confirmed breakout. A sustained move above $1.90–$2.00 would strengthen the bullish case, while rejection could push price toward $1.75 and $1.65. Cosmos’s post-quantum security upgrade supports its long-term technology narrative, but the immediate test remains price action. A daily close above resistance with stronger volume would provide a more convincing bullish signal.

Thailand has approved rules allowing spot Bitcoin and Ether ETFs to trade on the Stock Exchange of Thailand from October 16, 2026. The move opens a regulated way for retail and institutional investors to gain crypto exposure through local investment funds.
However, the rules are not an approval of specific ETF products, and strict safeguards will apply.
Thailand Finalizes Bitcoin and Ether ETF Rules
On October 8, Thailand’s Securities and Exchange Commission (SEC) finalized 11 notices setting rules for crypto ETFs. The rules aim to give investors more choices while keeping their money safer.
Under the new rules, each ETF must follow the price of just one cryptocurrency. At first, the funds can only track Bitcoin or Ether. Each fund must keep at least 80% of its value invested in the chosen cryptocurrency, on average over the financial year.
The SEC also set rules for how these crypto assets must be stored. Funds must use local crypto custodians approved by the Thai SEC.
Asset management companies must also show that they have the right staff, systems and service providers to run these funds safely.
Thailand greenlights Bitcoin and Ether ETFs for October 16 trading 🇹🇭 pic.twitter.com/K03L0WL2lZ
— Lucky (@LLuciano_BTC) October 9, 2026
Thailand Blocks Margin Loans for Crypto ETF Investors
Alongside the custody requirements, the SEC has introduced safeguards against excessive borrowing. Brokerages will be prohibited from offering margin loans or leveraged financing to investors purchasing crypto ETFs.
At the same time, the rules expand access for domestic investment firms. Thai mutual funds and private funds will be allowed to invest in locally established crypto ETFs, creating another route for institutional capital to enter the market.
However, retail investors will remain restricted from investing through overseas crypto ETFs and related depositary receipts offered by Thai brokerages. Such access is reserved for institutional investors and ultra-high-net-worth individuals.
No ETF Launches Confirmed Yet
Although the framework takes effect on October 16, the SEC has not approved any specific Bitcoin or Ether ETF products yet.
The new rules establish the conditions for funds to enter the market, but actual launches will depend on products meeting the requirements.
The availability of suitable products and market liquidity will therefore remain important factors as Thailand opens its stock exchange to regulated crypto investment.

Vitalik Buterin wants crypto to prepare for a threat that does not exist yet. Charles Hoskinson says that preparation could do more harm than the threat itself.
On October 8, the Ethereum co-founder warned that AI-accelerated mathematics could break lattice-based cryptography, the backbone of the new post-quantum security standards. Within hours, the Cardano founder called the warning “panic” and accused Buterin of “bag-holding too much hash-based crypto research.”
Buterin began calmly, saying no one should “scramble to move their funds to new wallets today.” But he argued that AI could soon find hidden weaknesses in lattices that humans have missed for decades. He pointed to RSA encryption as a precedent. It once looked very hard to crack, until years of research produced a far faster attack. “What if there are skeletons in the closet like that?” he asked, ones “we are simply not smart enough to discover, but bots soon will be.”
That concern, he said, is why Ethereum’s lean roadmap has moved to hash-only signatures. His advice is to prefer hash-based tools and, for long-term safety, to multiply lattice key sizes by 10.
The Rebuttal
Hoskinson rejected the argument point by point:
Tested for decades: Lattices have faced 40 years of attacks from the field’s best researchers, and today’s standards are already sized to withstand them.
Hashes are not immune: MD5 and SHA-1 were both broken. Ethereum’s own Poseidon hash is so mathematically structured that the Ethereum Foundation funded a bounty to attack it.
The 10x rule is “numerology”: A 20% better attack would need about 25% larger keys, not ten times larger.
“‘Structure’ names nothing,” he wrote.
The Real Stakes
Hoskinson’s biggest worry lies outside crypto. Browsers and messaging apps already use lattice-based ML-KEM to protect against hackers who steal encrypted data now to decrypt later. Casting doubt on it, he argued, could keep internet traffic on older encryption for longer, the very risk Buterin wants to avoid.
He also dismissed Buterin’s idea of sending encrypted notes off-chain through a third party. That only adds a middleman who can see users’ metadata, he said.
He questioned Buterin’s record too, saying past posts led engineers away from ideas such as Plasma and Casper, only for the industry to return to them years later.
Neither founder pointed to an actual AI-found attack. For now, the question is whether crypto should guard against a break that might come, or trust defences that have held for four decades.