[Aave V4 tops $1B in deposits as lending reaches about $310M]

Aave V4 topped $1 billion in deposits for the first time in September, while lending volume grew to about $310 million. Aave also expanded into an institutional market built around stablecoins and a market for tokenized stocks, and deployed its protocol on Circle’s ARC and Base.
https://coinness.com/en/news/1170609

[Polygon launches stablecoin-based euro-dollar exchange pool]

Polygon has launched a stablecoin-based euro-dollar exchange pool that is not tied to traditional bank foreign-exchange market hours.

Monerium, Frax and Capa launched the EURe/frxUSD trading pair on Uniswap V3, enabling direct swaps between regulated euro liquidity and dollar-denominated stablecoin liquidity in Polygon-based applications.
https://coinness.com/en/news/1170610

[Utexo to issue USDT on Bitcoin network this month]

Software company Utexo plans to issue USDT on the Bitcoin network this month, CoinDesk reported. Utexo has secured a commercial license for Bitcoin-based USDT issuance and plans to provide APIs, SDKs and cloud infrastructure to exchanges, wallets and payment service providers. The company had previously entered into a partnership with Tether and said it would lead USDT issuance and distribution on the Bitcoin network.
https://coinness.com/en/news/1170611

[Citi raises Strategy target to $240, lifts 12-month BTC forecast]

Citi raised its target price on Strategy (MSTR) to $240 from $136 and maintained a Buy rating after increasing its 12-month Bitcoin price forecast by 39% to $113,400, Walter Bloomberg reported.

Citi estimated about 34 percentage points of the target-price increase would come from Bitcoin’s price gains, while an additional 16 percentage points would be driven by an expansion in mNAV, or market value relative to net asset value. Citi also raised its Bitcoin Yield Multiple for Strategy to 4.0x from 2.5x and, based on that change, assumed an mNAV of 1.24x.
https://coinness.com/en/news/1170612

[Suspected Aave team address sold $8M in AAVE over past week]

A suspected Aave team-linked address sold 50,000 AAVE on-chain over the past week, worth a total of $8 million, AmberCN said. The address currently holds 30,000 AAVE, valued at $5.5 million.
https://coinness.com/en/news/1170613

[Forward Industries adds 949,000 SOL, bringing holdings to 8.5 million]

Forward Industries, the largest corporate accumulator of Solana, said it bought an additional 949,000 SOL over the past quarter, raising its total holdings to 8.5 million SOL. The amount is equal to about 1.4% of SOL’s circulating supply.
https://coinness.com/en/news/1170614

[Copper adds Hyperliquid perpetual futures trading for institutions]

Crypto custody firm Copper has started offering Hyperliquid (HYPE) perpetual futures trading to institutional investors, The Block reported. The service lets clients trade Hyperliquid perpetual futures through Copper while keeping assets secured in Copper’s non-custodial MPC infrastructure.
https://coinness.com/en/news/1170615

[Absa Bank launches Africa’s first institutional-grade crypto custody service]

South African financial institution Absa Bank has launched Africa’s first institutional-grade cryptocurrency custody service, Crypto Briefing reported.
https://coinness.com/en/news/1170616

[Bithumb to temporarily suspend STRK deposits, withdrawals on Oct. 4]

South Korean exchange Bithumb announced the temporary suspension of STRK deposits and withdrawals at 10:00 a.m. UTC on Oct. 4 to support the Starknet network upgrade.
https://coinness.com/en/news/1170617

[Arthur Hayes says expanded U.S. money supply could boost crypto]

BitMEX co-founder Arthur Hayes said at Cointelegraph’s Seoul Connect event that crypto prices could rise if the U.S. expands its money supply to support the artificial intelligence industry and finance government debt. Hayes added that demand for scarce assets could also increase if China shifts from limited tightening to large-scale monetary stimulus, and said he is watching pressure in French financial markets, including credit default swaps linked to BNP Paribas and spreads on French government bonds.
https://coinness.com/en/news/1170618

[THORChain launches ZEC pool]

Cross-chain decentralized exchange THORChain (RUNE) announced the official launch of its ZEC pool. With the network’s node rotation process now complete, all nodes have begun monitoring the ZEC blockchain, enabling permissionless trading for ZEC. The pool’s liquidity remains low for now, however, and the project said early trading requires caution even as liquidity is expected to increase over time.
https://coinness.com/en/news/1170619

[Aave founder says EU rules could curb DeFi access]

Aave founder Stani Kulechov expressed disappointment with regulatory discussions by the European Central Bank and the European Banking Authority related to MiCA, saying proposals to require suitability reviews for DeFi users and apply certification rules to DeFi lending protocols are concerning. Kulechov said such measures could create a more closed financial ecosystem and reduce access to open financial networks.
https://coinness.com/en/news/1170621

[Circle urges EU to preserve multi-issuance model for stablecoins]

Circle submitted comments on the European Commission’s consultation on MiCA, or the Markets in Crypto-Assets regulation, and proposed preserving the multi-issuance structure for global stablecoins.

According to Circle, about 30 electronic money tokens, or EMTs, have been approved under MiCA, but only USDC, USDG and EURC among the top 25 stablecoins by global market capitalization are currently subject to MiCA rules. Circle argued the current structure should remain in place so an EU entity authorized under MiCA and an entity authorized by an overseas regulator can jointly issue a single globally circulating stablecoin. Circle also recommended a framework under which the regulator in the issuer’s home jurisdiction would take primary supervisory responsibility, while the EU would handle regulatory equivalence assessments and recognition of entities by the European Banking Authority, or EBA.
https://coinness.com/en/news/1170622

[Bitcoin Standard author says BTC treasury firms face uphill battle against Strategy]

Saifedean Ammous, author of The Bitcoin Standard, said Bitcoin treasury companies are unlikely to find it easy to compete with Strategy, according to an interview with Cointelegraph.

Ammous said it was hard to find a compelling reason to choose another Bitcoin treasury company over Strategy, adding that Strategy’s large Bitcoin holdings help lower its funding costs and give it a competitive edge. He said Strategy had not been pushed close to liquidation even during sharp Bitcoin price declines, and added that the company has enough cash to cover dividend obligations, leaving it room to withstand a much deeper drop in Bitcoin prices than current levels.

He also said companies that generate stable cash flow can allocate surplus cash not needed for operations to Bitcoin. At the same time, Ammous noted that investing in Strategy stock also carries risks and said he personally prefers holding Bitcoin directly.
https://coinness.com/en/news/1170623

[BTC nears $89K as long-term holder cost basis tests investor sentiment]

Bitcoin’s move toward the $88,000-$89,000 range is putting trading activity by investors who have held the asset for at least six months in focus, according to an analysis by on-chain analyst Darkfost.

Darkfost said the average cost basis for holders in the 18-month to two-year cohort is around $88,350, while the figure for six- to 12-month holders is about $89,200. With the two groups clustered at similar levels, investor sentiment could shift sharply if Bitcoin enters that range. Darkfost added that holders with less than one year overall have continued to face losses, and some may have bought near the previous market peak, which could prompt selling as the price approaches their average entry level. At the same time, investors who endured prolonged losses may buy more Bitcoin to lower their average cost basis. With most nearing a return to profit, selling and additional buying could emerge at the same time.
https://coinness.com/en/news/1170624

[Bitcoin spot demand shows recovery, but U.S. buying remains unclear]

Signs of recovering spot demand are emerging in Bitcoin on-chain data, according to CryptoQuant contributor MAC_D. Even so, more confirmation is needed before concluding the current uptrend is being supported by strong spot demand.

As of Sept. 30, apparent demand growth improved to around negative 101,000 BTC on Oct. 1 from about negative 182,000 BTC on Sept. 24. The roughly 81,000 BTC improvement in a week still leaves the metric in negative territory, but suggests spot demand is recovering as the pace of contraction narrows quickly.

By contrast, the Coinbase premium index remains negative, indicating spot buying pressure from U.S. investors has yet to show a clear recovery. The key issue in the current rally, MAC_D said, is the gap between Bitcoin's price and U.S. spot demand. The analysis suggests that even if Bitcoin extends gains and breaks above its previous high, the rally may prove less durable unless the Coinbase premium and on-chain spot demand improve together.
https://coinness.com/en/news/1170625

[BitGo CEO says stalled U.S. Clarity bill is raising crypto systemic risk]

BitGo CEO Mike Belshe said the lack of progress on the U.S. Clarity bill is leaving the crypto market exposed to ongoing systemic risk. Belshe said the main issue is a structure in which a single firm simultaneously operates a trading platform, brokerage and asset custody service. While the collapse of a brokerage alone could limit damage to part of the market, the failure of a firm running an exchange and custody services as well could spread the shock across the broader market.
https://coinness.com/en/news/1170626

[Anonymous whale deposits $6.5M in HYPE to exchange]

An anonymous whale deposited 71,000 HYPE worth about $6.48 million to an exchange around 50 minutes ago, according to ai_9684xtpa. Exchange deposits are generally interpreted as intended for selling. The address had earlier withdrawn 142,834.56 HYPE worth $12.3 million on Sept. 4.
https://coinness.com/en/news/1170627

[U.S. September nonfarm payrolls rise 29,000, miss forecasts]

The U.S. Bureau of Labor Statistics said U.S. nonfarm payrolls increased by 29,000 in September, below market forecasts for an 89,000 gain.
https://coinness.com/en/news/1170628

[BTC rises above $87,000]

According to CoinNess market monitoring, BTC has risen above $87,000. BTC is trading at $87,129.98 on the Binance USDT market.
https://coinness.com/en/news/1170629

[Linea replaces MetaMask validator as precaution against security incident]

Linea, Consensys’ in-house zkEVM layer-2 network, said it is shutting down a validator that supports Yield Boost Vaults as a precautionary step tied to preventing a MetaMask security incident.

The company said the funds and control rights of the staking vault itself are unaffected. It added net staking rewards used for ecosystem incentives may temporarily decline until the validator replacement is completed, and said it is continuing to monitor the situation.
https://coinness.com/en/news/1170630