🔍 🔴😞 CryptMarket Analysis — 16-10-09

This morning's headlines deliver a shockwave through the crypto landscape. Federal prosecutors announced the historic seizure of $15 billion in bitcoin, tying the operation to a notorious 'pig butchering' scam syndicate based in Cambodia—an act that marks the largest forfeiture ever undertaken ... ... Read full 🔴😞 CryptMarket Analysis — 16-10-09

Wealth managers must adapt to the greatest capital transfer in history

Wealth managers must adapt to the greatest capital transfer in history

Opinion by: Anthony Agoshkov, co-founder of Marvel CapitalThe world is witnessing the largest wealth handoff in modern history. Over the next 20 years, Millennials and Gen Z will inherit around $83 trillion, and some bullish forecasts suggest as much as $4 trillion of that could be tokenized onchain…

Lost your Bitcoin in California? You might get it all back

Lost your Bitcoin in California? You might get it all back

Over the weekend, California Governor Gavin Newsom signed a bill into law that preserves abandoned Bitcoin (BTC) holdings — a step forward that could provide legal clarity for custodians and crypto holders.The bill was an update to unclaimed property law (UPL) and contained one key provision: Abando…

Binance to Suspend Withdrawals on Ethereum Network on This Date

Binance to Suspend Withdrawals on Ethereum Network on This Date

Major crypto exchange Binance has announced scheduled wallet maintenance for the Ethereum network in the next 24 hours, on Oct. 17 precisely.Binance stated it will perform wallet maintenance for Ethereum Network on Oct. 17 at 6:00 a.m. (UTC), which will take about one hour. To support wallet mainte…

Insider Who Shorted Tariff Crash Returns, Bets $127M on Bitcoin Ahead of Trump’s Announcement

Insider Who Shorted Tariff Crash Returns, Bets $127M on Bitcoin Ahead of Trump’s Announcement

The crypto market is once again on high alert. A mysterious trader known as the “Trump Insider Whale,” who famously shorted Bitcoin just minutes before President Donald Trump’s tariff announcement caused a crypto market crash, is back.This time with a massive $127 million short position against Bitc…

Trustless, with caveats: Babylon’s big Bitcoin DeFi claim

Trustless, with caveats: Babylon’s big Bitcoin DeFi claim

A co-founder of Bitcoin infrastructure company, Babylon Labs, claims to have built a system that allows for native Bitcoin to be used as trustless collateral to borrow on the Ethereum blockchain.In a Wednesday X post, Babylon Labs co-founder and Stanford University professor David Tse claimed Babylo…

Bitcoin trader says 'lock in' as dip-buyers enter below $110K

Bitcoin trader says 'lock in' as dip-buyers enter below $110K

Key points:Bitcoin finally sees investors who are willing to “buy the dip” at prices around $110,000.Multiple support retests continue to grab trader attention.Bulls can still realize a bullish RSI divergence with a strong daily close.Bitcoin kept up pressure on key support Thursday as buyer intere…

How Grayscale brought crypto staking to Wall Street for the first time

How Grayscale brought crypto staking to Wall Street for the first time

Key takeawaysGrayscale has bridged traditional finance and decentralized crypto by launching the first publicly traded staking investment vehicle.Its staking-enabled ETPs allow investors to earn blockchain rewards without running validator nodes or managing complex technical and custody risks.Graysc…

BlackRock Sells Bitcoin? $47 Million in BTC Already on Coinbase

BlackRock Sells Bitcoin? $47 Million in BTC Already on Coinbase

BlackRock’s iShares Bitcoin Trust has pushed a new batch of BTC onto Coinbase Prime wallets, as Arkham data confirms more than 700 BTC, worth about $47 million, redirected from ETF custody into the major U.S. exchange’s institutional deposit pool. The transfers came in 300 BTC chunks followed by a 1…

Bitcoin needs a fresh catalyst to avoid a ‘deeper correction’ — Analysts

Bitcoin needs a fresh catalyst to avoid a ‘deeper correction’ — Analysts

Bitcoin may struggle to sustain its upward trend unless something triggers more excitement among investors, according to Glassnode.“Without a renewed catalyst to lift prices back above $117.1k, the market risks deeper contraction toward the lower boundary of this range,” Glassnode said in a report p…

Bitcoin ETFs Hit by $94M Outflow Amid Crypto Market Weakness

Bitcoin ETFs Hit by $94M Outflow Amid Crypto Market Weakness

On October 15, both US spot ETFs, Bitcoin and Ethereum, experienced a significant decline. Bitcoin ETFs recorded a net outflow of $94.00 million, while Ethereum ETFs saw gains of $5.32 million, as per the SoSoValue report. Bitcoin ETF BreakdownBitcoin ETFs saw an outflow of $94.00 million, marking a…

Bitcoin Bull Run Coming To An End: Cycle Peak Countdown Signals 99.3% Completion

Bitcoin Bull Run Coming To An End: Cycle Peak Countdown Signals 99.3% Completion

After a turbulent few days, Bitcoin (BTC) has resumed its downtrend, currently retracing toward $111,000. This marks a 12% decline from its recent peak of $126,000, which raises concerns among market experts who suggest that the bull run may be closer to its end than many investors believe.End Of Bi…

Strive’s crypto merger with Semler Scientific faces shareholder revolt

Strive’s crypto merger with Semler Scientific faces shareholder revolt

A shareholder of healthcare technology company Semler Scientific filed a lawsuit seeking to block the company’s proposed merger with Strive, the asset manager turned Bitcoin treasury company led by former US presidential candidate Vivek Ramaswamy.According to a complaint filed in the US District Cou…