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Tom Lee says a potential $1.5 trillion to $2 trillion wealth transfer to younger investors between 2026 and 2028 could boost crypto demand. His comments came as Bitmine bought 12,532 ETH and moved closer to its goal of holding 5% of ether’s total supply.
Bitmine bought 12,532 ETH worth about $31.9 million, lifting its holdings to 6,028,946 ETH, or 4.9% of Ethereum’s supply. Chairman Tom Lee said the company needs roughly 100,000 more ETH to reach its 5% target, while predicting a major crypto bull market.
Strategy bought 250 Bitcoin for $21.5 million and repurchased $192.4 million of STRC preferred stock last week. Its Bitcoin holdings reached a record 848,250 BTC, while Moneyiar data showed Bitcoin at $83,498.18 on October 13, down 2.88% over seven days.
Strategy bought 250 Bitcoin for $21.5 million, lifting its holdings to 848,250 BTC. The company funded most of the purchase through common-stock sales, while maintaining a $4.88 billion reserve for preferred-stock dividends and debt interest payments.
Standard Chartered’s Dubai branch now offers institutional custody for Ripple’s RLUSD stablecoin on the XRP Ledger. The bank is also working with Ripple and LMAX on a planned arrangement that could let clients use bank-held RLUSD as trading collateral.
Ledger says confirmed CryptoBilis cases are limited to devices sold by the authorized reseller, as blockchain firms traced up to $93.2 million in stolen crypto. Tether froze $10 million in USDT, while Ledger urged affected customers to move assets to newly generated wallets.
SWI Group has raised 800 million euros, or $894 million, to transform the former FTX-backed Genesis Digital Assets from a bitcoin miner into an AI-focused data-center business, retaining facilities in the U.S. and Sweden while selling sites in Kazakhstan.
Altcoins gained more than major cryptocurrencies as the CoinDesk 80 rose about 3% in 24 hours, but liquidity remained thin and U.S. spot bitcoin ETFs suffered $681 million in weekly outflows. Traders now await Wednesday’s U.S. consumer price index for the next major market signal.
UK authorities have frozen an £8.9 million London penthouse belonging to Thet Li, an alleged Prince Group finance chief. The action forms part of a wider probe involving luxury properties, jewelry, cash and billions of dollars in cryptocurrency allegedly linked to the group.
A software flaw in the XRP Ledger could theoretically have enabled billions of unauthorized XRP to be created, threatening its 100 billion-token cap. RippleX patched the issue after researchers reported it, with no evidence of exploitation or new XRP issuance.
DATA Network will retire its standalone blockchain and transfer its AI training data protocol to Sui, supported by a $30 million Sui Foundation investment. Its Trace registry will join Sui, while Walrus is expected to provide default decentralized storage.
Bitcoin pulled back after nearing $84,000 as oil prices recovered and U.S.-listed spot bitcoin ETFs posted $681 million in weekly outflows. Analysts are watching $82,000 support and U.S. inflation data due October 14 for the next major market catalyst.
A reportedly tampered Ledger bought in Europe has widened concerns over a hardware-wallet supply-chain attack linked to estimated Asian losses of $93.4 million. Separately, researchers used AI to find an XRP Ledger flaw that could theoretically have created more than 18 trillion XRP.
The IMF says tokenized stocks show genuine retail demand, with most trading outside U.S. market hours and many trades involving fractions of shares. But the market is about $2.3 billion, more volatile and less liquid than traditional equities, prompting calls for stronger oversight.
U.S. spot Bitcoin, Ethereum and Solana ETFs are all recording net outflows in October. Bitcoin funds saw a small Friday rebound after heavy withdrawals, while Ethereum extended a nine-day losing streak and Solana posted five straight days of outflows.
An AI security agent found an XRP Ledger vulnerability that could have created about 18 trillion XRP in one transaction. Developers issued an emergency fix outside the normal governance process, while RippleX said no unauthorized tokens were created and no public-network exploitation was found.
Bermuda-based Meanwhile, which says it is the first life insurer licensed to operate entirely in Bitcoin, raised $37.5 million from existing investors led by Bain Capital Crypto. The funding lifts total investment above $180 million as demand grows for its Bitcoin-denominated policies.
Bitcoin’s rebound is being tested near $80,400 after US spot Bitcoin ETFs suffered almost $730 million in outflows across two sessions. Futures positioning, Sunday’s put-heavy options expiry and renewed spot demand will determine whether the recovery reflects fresh buying or short covering.
