Daily Financial Update
Market Pulse: Bitcoin dominance just dipped below 60%, stirring hopes that altcoins could outshine the market’s biggest asset this week. At the same time, a report reveals 81% of BTC supply is inactive, pointing to tight liquidity and looming volatility.
Key Movers: “Bitcoin dominance falls below 60%, signaling potential altcoin season” and ARK’s Ethereum venture fund locking exits signal institutional rotations, while Solana Foundation’s strategic hire aims to lure pension dollars.
Macro & Politics: The CFTC’s lawsuit against Cash FX exposes a $950M forex crypto scam, and Bitget’s CEO blames North Korea for a $350M hack—proof that regulators and rogue states can abruptly tilt crypto markets.
What’s Next: Keep an eye on shielded BTC proposals and fresh institutional Ethereum offerings—they’ll move sentiment faster than any whale sale.
Market Commentary
Everyone’s glued to the dip in Bitcoin dominance, but few are talking about the 81% dormancy reported in “River reports 81% of Bitcoin supply inactive for six months” (Crypto Briefing). That’s a silent liquidity squeeze ready to explode once holders decide to move—damn near a powder keg for volatility.
Notice how TALIS launching onchain structured markets on Robinhood Chain and Strive’s use of preferred stock to buy 1,400 BTC (Crypto Briefing) both show traditional finance tactics grafted onto DeFi rails. This isn’t just wrapped tokens or yield farms anymore—it’s tokenized equities and perpetual instruments rewriting the playbook.
Actionable takeaway: spread bets into layer-2 projects and privacy solutions, especially after CoinDesk’s scoop “Bitcoin could soon get Zcash-style ‘shielded’ privacy.” And don’t keep all your eggs in one exchange—split holdings across cold storage and trusted platforms before the next regulatory headline drops.
📈 Breaking Financial News
Bitcoin dominance falls below 60%, signaling potential altcoin season
The shift in Bitcoin dominance may indicate a changing crypto landscape, potentially limiting altcoin growth due to ETF-driven capital flows. The post Bitcoin dominance falls below 60%, signaling potential altcoin season appeared first on Crypto Briefing.
River reports 81% of Bitcoin supply inactive for six months as holders tighten their grip
Bitcoin’s high dormancy rate suggests reduced market liquidity, potentially leading to increased price volatility and speculative trading. The post River reports 81% of Bitcoin supply inactive for six months as holders tighten their grip appeared first on Crypto Briefing.
ARK partners with Securitize to put a venture fund on Ethereum, but leaves exit doors locked
The tokenized ARKVX interest still comes with a fund-wide quarterly repurchase cap and no announced secondary venue. The post ARK partners with Securitize to put a venture fund on Ethereum, but leaves exit doors locked appeared first on CryptoSlate.
Bitcoin could soon get Zcash-style ‘shielded’ privacy without changing its rules
Researchers have mapped out private bitcoin-denominated transfers that run alongside Bitcoin, but the system still lacks a finished way to lock up real BTC and release it again.
Circle’s cirBTC surpasses 5,000 issued tokens
Circle’s cirBTC wrapped Bitcoin token has crossed 5,000 tokens issued, up from roughly 40 in mid-August, as institutional DeFi demand soared. The post Circle’s cirBTC surpasses 5,000 issued tokens appeared first on Crypto Briefing.
In June 2024, Elon Musk solved a problem every AI company was about to hit — and created a new way to collect income from the buildout
Meta, OpenAI and Microsoft each signed contracts for the same thing, and Blackstone put $5.34 billion into it in July. The payments arrive twelve times a year, each one dated and filed with the SEC before a dime goes out.
🔍 Market Analysis & Insights
Bitget CEO Says $350 Million Hack May Trace Back to North Korea
Bitget suffered a major security breach this September, which market players are calling one of the largest cryptocurrency hacks this year.
Strive preferred stock trades enough to buy 1,400 Bitcoin worth $117M
Strive’s innovative use of perpetual preferred stock for Bitcoin acquisition could reshape corporate treasury strategies, minimizing debt risks. The post Strive preferred stock trades enough to buy 1,400 Bitcoin worth $117M appeared first on Crypto Briefing.
Strategy surpasses Palantir in trading volume, becomes 20th most-traded stock in US
Strategy Inc.’s rise in trading volume highlights the market’s increasing volatility and the significant impact of Bitcoin’s fluctuations on stock dynamics. The post Strategy surpasses Palantir in trading volume, becomes 20th most-traded stock in US appeared first on Crypto Briefing.
Alleged Fraudster Drains $800,000 From Iowa Firm in Business Email Scam, Feds Seize $372,583
Federal authorities have secured a court judgment forfeiting roughly $375,000 in proceeds from a business email compromise scam that hit an Iowa company in 2022. The U.S. District Court for the Northern District of Iowa issued the order Tuesday after tracing stolen funds into a Wells Fargo account.
CFTC sues Cash FX, alleges $950M crypto-linked forex scheme
The CFTC is suing Cash FX Group and three cronies for a $950 million multi-level-marketing forex Ponzi scheme dressed up as crypto trading – they promised fancy AI-driven trades and 15% weekly returns but barely traded a penny, leaving investors $406 million in the hole.
Trump Set to Invoke a 219-Year-Old, Civil War-Era Law
Lincoln used it to hold the Union together. Eisenhower used it to desegregate the South. Now Trump is preparing to turn it on his enemies — and one former advisor to four presidents warns investors could lose half their money as the chaos hits.
💰 Investment Opportunities
Solana Foundation Hires Former Binance CMO For Institutional Push
The Solana Foundation has appointed former Binance global CMO Rachel Conlan as chief strategy officer. Former Polygon Labs executive Jamal Raees has joined as general manager of payments. The Foundation says the hires are aimed at accelerating institutional adoption.
Block Joins x402 Foundation to Drive Agentic Commerce Standards
Block has joined the x402 Foundation to help advance open, agentic commerce, Steve Reis, head of product at Block Financial Platform, said in a Sept. 24 blog post. Block aims to shape self-executing payment apps that transact on users’ behalf.
AlphaFi reportedly winding down after misconfiguration, SUI Foundation role unclear
Misreporting in DeFi can undermine trust, highlighting the need for accurate information and transparency to maintain user confidence and market stability. The post AlphaFi reportedly winding down after misconfiguration, SUI Foundation role unclear appeared first on Crypto Briefing.
Crusoe abandons $1.25B plan to use Boom turbines at AI data centers | TechCrunch
Boom Supersonic CEO Blake Scholl said its new stationary power plants were no longer in Crusoe’s near-term plans.
TALIS launches onchain structured markets protocol for tokenized stocks on Robinhood Chain
TALIS’s protocol on Robinhood Chain could democratize access to complex financial instruments, enhancing global participation in tokenized markets. The post TALIS launches onchain structured markets protocol for tokenized stocks on Robinhood Chain appeared first on Crypto Briefing.
ABANDON SHIP! OpenAI Employees Quit… Form New Company Now Growing Faster Than
“It’s as if a small group of rogue Apple employees left the company, and then built a company that surpassed Apple.” – Inc.
