[Coinbase says fresh inflows are favoring BTC over gold despite rate pressure]

Bitcoin and gold’s 90-day correlation has approached a record high, but BTC has risen over the past month while gold has fallen, Coinbase Institutional said in an analysis. In a post on X, the firm said similar correlation does not mean similar returns and added it believes fresh buying interest is moving into BTC rather than gold despite interest-rate pressure.
https://coinness.com/en/news/1170202

[a16z crypto says blockchain can lower barriers to entry in traditional finance]

a16z crypto said blockchain can lower barriers to entry in traditional financial markets by enabling permissionless issuance and global distribution, easing hurdles such as listing reviews, legal frameworks and regional market fragmentation.

The firm said perpetual futures, spot decentralized exchanges, prediction markets, lending, memecoins, NFTs and real-world asset tokenization are among the main markets that have grown by leveraging those features. It added that perpetual futures stand out in particular, noting that annualized on-chain RWA perpetual futures trading volume reached $1.4 trillion in July, accounting for about half of Hyperliquid's total volume. Looking ahead, a16z crypto said mechanisms such as HIP-3 and HIP-4, which lower the threshold for launching new markets, could help expand on-chain markets beyond commodities, foreign exchange, indices and 24-hour stock exposure into areas that have been difficult to commoditize in traditional finance, including CPI, computing power, music, social trends and sports.
https://coinness.com/en/news/1170203

[Japan tax agency launches KSK2, eyes tighter scrutiny of crypto tax filings]

Japan’s National Tax Agency launched its next-generation integrated tax management system, KSK2, on Sept. 24, a move expected to tighten scrutiny of tax reporting tied to cryptocurrency transactions, CoinPost reported.

KSK2 integrates individual and corporate data based on My Number personal IDs and corporate numbers, and uses AI to detect improper filings. In that context, tax firm Progo said crypto transactions are increasingly becoming a key focus of AI-based reviews based on annual trading reports from cryptocurrency exchanges, bank deposit and withdrawal records, and CRS data shared with overseas tax authorities. Progo added social media posts about crypto profits could also be checked against actual tax filings.
https://coinness.com/en/news/1170204

[Report says won accounts for 30% of global crypto spot trading]

The South Korean won is the second-most active fiat currency in the digital-asset market after the U.S. dollar, accounting for about 30% of global spot trading volume, Pinboard reported, citing a joint report by RedStone and Kaia.

The report said the institutional conditions needed to use South Korea’s deep won liquidity for on-chain lending or as collateral in decentralized finance remain insufficient. It added that net stablecoin outflows from South Korea’s five major won-based exchanges have stayed negative for 18 straight months, with cumulative net outflows reaching 14.92 trillion won ($10.4 billion). The report attributed that trend to delays in establishing a legal framework for won-denominated stablecoins, and said that if they are brought into the regulatory fold, their use could expand beyond payments to DeFi collateral and settlement assets for tokenized securities.
https://coinness.com/en/news/1170205

[Lite Strategy held $57.2M in LTC as of June 30]

Nasdaq-listed Lite Strategy, formerly MEI Pharma, said it held 832,716 LTC worth $57.22 million as of June 30, the end of its fiscal 2026 year.

The company said it had purchased more than 900,000 LTC in total with a $100 million investment after adopting LTC as its primary reserve asset in August last year. Lite Strategy added that its end-June holdings accounted for more than 1% of all LTC mined to date.

It also said it has run a covered-call program alongside share repurchases using its LTC holdings, and had bought back 6.4 million shares, equal to about 17% of outstanding shares, as of Sept. 22. Since launching the covered-call program, options premium income totaled about $930,000 through Sept. 22. The company said it plans to focus on increasing LTC holdings per share through further buybacks and additional yield-generation strategies.
https://coinness.com/en/news/1170206

[Bitwise’s spot NEAR ETF to begin trading on NYSE Arca today]

Bitwise’s spot NEAR ETF is set to begin trading on NYSE Arca today under the ticker NRR, according to the company. The global crypto asset manager said the fund carries a 0.75% management fee and plans to directly stake the NEAR it holds so staking rewards can also be reflected in ETF returns.
https://coinness.com/en/news/1170208

[SharpLink receives 406 ETH in staking rewards this week]

Nasdaq-listed Ethereum treasury company SharpLink (SBET) said on X it received 406 ETH in staking rewards this week, bringing its cumulative ETH staking rewards to 28,351 ETH.
https://coinness.com/en/news/1170209

[Peter Brandt sees BTC at $600K by 2029]

Veteran trader Peter Brandt said Bitcoin may have already passed its cycle low and entered a new uptrend. Brandt said he had initially expected the bear market to end around Oct. 4, but Bitcoin’s roughly $58,000 level in June may have marked the bottom for this cycle.

In the short term, Brandt said BTC could retrace to $65,000-$66,000 in early October. As market participants rapidly expanded long positions during the recent rebound on expectations of a bottom, the market could go through a pullback that clears out excessive leverage, he said.

Brandt raised his next cycle peak target to $300,000-$600,000 from his previous $250,000-$300,000 range. He said the cycle could peak in late 2029 and that Bitcoin could still reach $500,000 in the current bull market, based on the view that a new bull cycle has begun and that past BTC cycle patterns are broadly repeating.
https://coinness.com/en/news/1170210

[Bitwise research head sees BTC fair value at $197K, Fed pivot as bull market catalyst]

Bitwise Head of Research André Dragosch assessed Bitcoin’s fair value at $197,000 and analyzed a future shift in Federal Reserve policy as a key catalyst for a full-fledged BTC bull market.

Dragosch said recent moves in the U.S. 10-year Treasury yield show the speed of the rise matters more than the level itself. As an empirical risk signal, Dragosch said an increase of around 0.8 percentage point in the 10-year yield over 20 trading sessions is a threshold worth watching. A sharp rise in Treasury yields over a short period could increase downward pressure on risk assets such as stocks, while a deeper stock-market correction could become a trigger for the Fed to change its current policy stance. If a stock-market correction is followed by a Fed policy pivot, the final key condition for a sustained BTC bull market could be met, Dragosch said.
https://coinness.com/en/news/1170211

[Saylor says Strategy will expand BTC-based digital credit business]

Strategy founder Michael Saylor said the company plans to grow its BTC-based digital credit business by positioning common stock MSTR as offering greater upside and downside sensitivity to Bitcoin prices, while perpetual preferred stock STRC offers relatively lower volatility and U.S. dollar income.

In a post on X, Saylor said Strategy issues and redeems STRC, adjusts its dividend rate, and manages U.S. dollar reserves depending on market conditions. The ultimate goal, Saylor said, is to create financial products that pay dividends using BTC as the capital base. Saylor added that STRC, a perpetual preferred stock with no maturity, does not guarantee principal or dividends.
https://coinness.com/en/news/1170212

[Coinbase Ventures, CMCC Global back prediction-market market maker Raven]

Coinbase Ventures and CMCC Global have made a strategic investment in Raven, a trading firm focused on crypto and prediction markets, CNBC reported. The investment amount was not disclosed, and the company was valued at $90 million before the funding round.

Raven provides liquidity on prediction markets including Kalshi and Polymarket by continuously placing buy and sell orders, and has quoted prices on more than 3,000 contracts across sports, crypto, macroeconomics and entertainment.
https://coinness.com/en/news/1170213

[Aptos expands into commerce, payments and the real economy]

Aptos (APT) is broadening its use cases beyond financial assets into the real economy, including commerce and payments. As one example, Daehong Communications, an affiliate of South Korea’s Lotte Group, recently launched L.Ticket, a commerce platform offering various event tickets, and adopted Aptos as its blockchain infrastructure.

Use cases are also increasing in payments and finance. Dollar-based stablecoin OpenUSD selected Aptos, along with Solana and Polygon, as a founding blockchain partner for OUSD. In the RWA sector, BlackRock’s tokenized fund BUIDL, Franklin Templeton’s money market fund BENJI, and Apollo’s tokenized private credit fund ACRED are also being operated on Aptos, according to the report.
https://coinness.com/en/news/1170214

[U.S. SEC chairman wants to move stock markets on-chain]

U.S. SEC Chairman Paul Atkins said he wants to push for an on-chain transition of the stock market, former Bitcoin Magazine editor Pete Rizzo said, citing Atkins’ appearance on CNBC.
https://coinness.com/en/news/1170215

[U.S. House oversight chair expands insider trading probe into Polymarket, Kalshi]

James Comer, chairman of the U.S. House Committee on Oversight and Government Reform, has expanded a congressional investigation into insider trading allegations involving prediction market platforms Polymarket and Kalshi, CNBC reported. Comer had launched the probe in May, requesting materials from Polymarket and Kalshi related to user identity verification, enforcement of geographic restrictions, and the detection of unusual trading activity.
https://coinness.com/en/news/1170216

[Martinez sees risk of BTC downside after Nov. 3 U.S. midterm elections]

Crypto trader Ali Martinez said BTC could face downward pressure after the U.S. midterm elections on Nov. 3.

Martinez said BTC fell 72%, 65%, 52%, and 27% after the 2010, 2014, 2018, and 2022 midterm elections, respectively. Martinez added this did not mean the elections caused the declines, but described it as a notable pattern.

If the historical pattern repeats, Martinez said $73K, the average cost basis for short-term holders, could serve as a key support level. Martinez added the price zone has acted as support during major pullbacks in bull markets.
https://coinness.com/en/news/1170217

[Fintech firm Jeeves raises $110M to expand stablecoin business]

Enterprise payment management fintech firm Jeeves has raised $110 million from investors including Andreessen Horowitz, or a16z, and Coinbase, according to Crypto Briefing. The funding will be used to build a stablecoin wallet, develop AI agents and expand global instant payment services.
https://coinness.com/en/news/1170218

[Bitcoin profit-taking hits yearly high as $80K support comes into focus]

Bitcoin investors’ profit-taking has reached its highest level this year, according to CryptoQuant.

CryptoQuant said traders’ unrealized profit margins had risen as high as 33% while demand was weakening. It added that the broader bull market remained intact, but recent signs suggested cracks were emerging in the latest rally. The first key support level to watch is $80,000, CryptoQuant said.
https://coinness.com/en/news/1170219

[Trump says Iran is collapsing, predicts sharp drop in oil prices]

U.S. President Donald Trump said Iran was in a severe collapse and would soon be finished. Trump added oil prices would fall sharply and said, "앞으로 사람들이 우리나라 역사를 쓸 때 이란에 대한 조치를 가장 중요한 업적 중 하나로 기록할 것."
https://coinness.com/en/news/1170220

[BTC tests long-term holder supply cluster at $84K-$85K]

Bitcoin is testing a key long-term holder supply cluster in the $84,000-$85,000 range, according to The Block, citing Glassnode. Amid a cleanup in leveraged positions after last week’s rally, BTC-denominated open interest has fallen about 20% from August, reaching its lowest level since March.
https://coinness.com/en/news/1170221

[Senate Banking Committee chair says Democrats sank Clarity Act for political gain]

Senate Banking Committee Chairman Tim Scott said the Clarity Act failed because Democrats prioritized political interests over sound public policy and chose to antagonize President Donald Trump rather than do what was right for the American people, CoinDesk reported.
https://coinness.com/en/news/1170222

[Strategy preferred STRC tops $99.4 for first time in 4 months]

Strategy’s perpetual preferred stock STRC has risen above $99.4 for the first time in about four months, BitcoinTreasuries reported. With the stock 60 cents away from $100, reaching that level would allow Strategy to resume raising funds for additional BTC purchases.
https://coinness.com/en/news/1170223