[Bitget says all withdrawal requests will undergo independent verification]

Bitget said it is strengthening its security framework after a recent security incident, according to Wu Blockchain.

The exchange said it has overhauled access permissions for highly sensitive systems and applied multi-step approval procedures to critical tasks. Bitget added it plans to require all withdrawal requests to undergo an independent verification process and will temporarily suspend the use of external security functions tied to the incident until recovery work is complete. The exchange also said it has revoked all existing internal system credentials and reissued new ones.
https://coinness.com/en/news/1170092

[Goldman Sachs to offer $100B Treasury fund to crypto institutions via Lynq]

Goldman Sachs plans to offer its roughly $100 billion Treasury fund FTIXX to institutional crypto firms through Lynq, an institutional digital asset settlement platform, according to CoinDesk.

CoinDesk said FTIXX will be the first external fund available on Lynq, giving institutional crypto companies a new way to access a traditional Treasury fund. Trades will be handled by U.S. SEC-registered broker-dealer tZERO Securities. The outlet added that, instead of creating a tokenized version of the Treasury fund, Goldman Sachs chose to make it available to institutional crypto firms through Lynq.
https://coinness.com/en/news/1170093

[BSTR CIO says Bitcoin treasury firm will stay private for now]

Bitcoin Standard Treasury, or BSTR, the Bitcoin accumulation company tied to Adam Back, plans to remain private for the time being, CIO Sean Bill said at the Bitcoin Treasury Conference. Bill added in verbatim English, "again," and said any renewed push to go public would likely require a bull market, while the company is reassessing its structure from the ground up to find the best fit.

In July, BSTR was reported to be renegotiating merger terms with special purpose acquisition company Cantor Equity Partners, or CEPO.
https://coinness.com/en/news/1170094

[Veteran crypto investor disputes claim institutions ended Bitcoin’s four-year cycle]

Veteran crypto investor Michael Terpin pushed back on claims that institutional participation in the Bitcoin market has broken Bitcoin’s four-year cycle pattern. In an interview with CoinDesk, Terpin said whales that hold far more Bitcoin than institutional investors still remain in the market, adding that early holders control around five times more Bitcoin than institutions.
https://coinness.com/en/news/1170095

[Glassnode says profit-taking, perp traders absorbed part of BTC gains]

Bitcoin ETF inflows drove the rally, but perpetual futures traders and profit-taking selling absorbed part of the gains, according to a CoinNess analysis citing Glassnode. Glassnode added that after the price decline on Sept. 28, Bitcoin fell back toward the lower end of its recent trading range.
https://coinness.com/en/news/1170096

[Strive CEO sees BTC at $500K by 2030]

Strive CEO Matt Cole said Bitcoin could reach $500,000 by 2030. Speaking at the Bitcoin Treasuries conference, Cole said those not buying Bitcoin now would miss substantial gains, adding that the asset remains relatively cheap as it is not far above its 200-week moving average and that he is highly bullish on Bitcoin.
https://coinness.com/en/news/1170097

[Blockchain.com targets $500M raise in IPO at $4B-$6B valuation]

Blockchain.com is targeting a $500 million fundraise in its initial public offering at a valuation of $4 billion to $6 billion, Unfolded reported.
https://coinness.com/en/news/1170098

[Telegram Wallet rebrands as Walt as platform expands]

Telegram Wallet has rebranded as Walt, with Telegram saying the product has grown from a wallet for buying Toncoin into a broader cryptocurrency platform offering trading, investing and yield features for around 300 assets. Telegram said the rebrand reflects the product’s evolution beyond a simple wallet, adding that the wallet feature in Telegram settings will now be provided by Gram Wallet.
https://coinness.com/en/news/1170099

[US stocks close lower]

The three major U.S. stock indices closed lower today.
- S&P 500: -0.77%
- Nasdaq: -0.92%
- Dow Jones: -0.67%
https://coinness.com/en/news/1170100

[268,000,000 USDC transferred from Coinbase Institutional to Coinbase]

Whale Alert reported that 268,000,000 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $268 million.
https://coinness.com/en/news/1170101

[BSTR CIO sees BTC topping $10M within 20 years]

Sean Bill, CIO of Adam Back’s Bitcoin accumulation company Bitcoin Standard Treasury (BSTR), said Bitcoin could surge to $1 million within the next eight years and to $10 million within 20 years. Speaking at the Bitcoin Treasury Conference, Bill said moves by companies holding Bitcoin are becoming a powerful bullish driver.
https://coinness.com/en/news/1170102

[Grant Cardone calls real estate market a Trojan horse for BTC]

U.S. real estate investor Grant Cardone said at the Bitcoin Treasury Conference that the $390 trillion real estate market is a Trojan horse for Bitcoin, adding that he wants both future rental income and future Bitcoin.
https://coinness.com/en/news/1170103

[U.S. prosecutors seek to recover 110,000 USDT tied to text message scam]

U.S. prosecutors are investigating efforts to recover 110,000 USDT believed to be linked to scammers who accessed a text message scam victim’s Coinbase account, Cointelegraph reported.
https://coinness.com/en/news/1170104

[Coinbase wins CFTC approval for in-house clearinghouse]

Coinbase has received approval from the U.S. Commodity Futures Trading Commission for the launch of Coinbase Clearing LLC, its in-house derivatives clearing organization, completing a full-stack infrastructure that allows the company to handle issuance, trading and clearing for derivatives within the CFTC regulatory framework.

With the new DCO approval, alongside its existing futures commission merchant and designated contract market licenses, Coinbase said the new clearinghouse will be the first USDC-native platform to support a 24/7 real-time settlement structure. The approval is expected to help Coinbase speed up the launch of new regulated derivatives, including single-stock perpetual futures, and expand its on-chain financial infrastructure.
https://coinness.com/en/news/1170105

[Short-term Bitcoin holders send 23,000 BTC to exchanges at a loss amid price drop]

Short-term Bitcoin holders sharply increased loss-taking sales as BTC fell in the short term, according to a CryptoQuant analysis. Based on on-chain data, about 23,000 BTC was deposited to exchanges by short-term investors at a loss immediately after the price decline, while around 14,300 BTC flowed to exchanges over the same period from holders taking profits.
https://coinness.com/en/news/1170106

[IRS warns crypto ETFs over tax-avoidance structure, flags possible retroactive enforcement]

The IRS warned that ETFs holding cryptocurrencies have used a transaction structure to avoid recognizing taxable gains and said the corrective measure could be applied retroactively to past trades.

Under U.S. tax law, funds must earn more than 90% of their income from traditional assets such as stocks and bonds to maintain tax-exempt status. The IRS moved to block what it described as a loophole used by some conventional funds, which transferred crypto holdings in kind to Wall Street authorized participants, or APs, instead of recording trading gains on their books to avoid taxes.

Bitcoin spot ETFs using a grantor trust structure, including BlackRock’s, as well as funds operating through offshore subsidiaries, are excluded from the enforcement action.
https://coinness.com/en/news/1170107

[Bitwise files with U.S. SEC for spot Chainlink ETF]

Crypto asset manager Bitwise Asset Management has filed a securities registration statement with the U.S. SEC seeking approval for a spot Chainlink ETF, Cointelegraph reported.
https://coinness.com/en/news/1170108

[Coinbase teases card service tied to physical collectibles]

Coinbase said it will soon launch a new service in its mobile app that lets users open packs of physical trading cards and trade them. Under the model, when users draw a digital card on a smartphone, a one-to-one matching physical card is stored in a secure vault.

Collectors will be able to hold and trade the cards as digital assets on-chain and within the platform, or choose to have the physical cards delivered.
https://coinness.com/en/news/1170109

[Tokenized stock DeFi deposits top $252M, led by Uniswap and Kamino]

Deposits in DeFi tied to tokenized stocks have surpassed $252 million, according to Token Terminal. By platform, Uniswap held $82.1 million across v3 and v4, followed by Solana-based lending protocol Kamino Lend with $51.3 million and Pendle with $33.8 million.
https://coinness.com/en/news/1170110

[Crypto fear and greed index falls to 70, remains in greed territory]

CoinMarketCap’s in-house crypto fear and greed index came in at 70, down two points from yesterday, with the market remaining in greed territory.

A reading closer to zero signals extreme fear, while a reading closer to 100 indicates extreme optimism. CoinMarketCap calculates the index based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put-call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.
https://coinness.com/en/news/1170111

[BTC spot CVD chart at 9:00 a.m. UTC on Sept. 29]

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section shows cumulative volume delta, or CVD.

- The volume heatmap tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance levels.

- The cumulative volume delta indicator reflects buy and sell orders by order size. As buy orders increase, the line for the corresponding color rises. The yellow line is based on orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.
https://coinness.com/en/news/1170112