Tag: CRYPTOS FoxBusiness

In this study, AI agents were asked which assets they would prefer for payments and long-term storage, and their behavior was analyzed. It was noted that AI agents generally preferred stablecoins for payment transactions and Bitcoin for long-term storage.

BlackRock explicitly states that the results are based on simulation responses from models, not on observed actual transactions. Therefore, the research does not show that agents are currently accumulating Bitcoin.

The company considers these findings as early data pointing to a possible monetary structure where stablecoins could be used as a means of payment and Bitcoin as a store of value.

Artificial Intelligence Could Increase Demand for Bitcoin and Crypto Assets!

In its report, BlackRock states that artificial intelligence could evolve from simply generating information to autonomous systems that directly perform transactions, process payments, utilize necessary payment infrastructure without human intervention, and create significant changes in the financial infrastructure.

At this point, BlackRock believes that stablecoins can play an important role in transactions carried out by AI agents. The main reason for this is that stablecoins have a more predictable price structure and a stable unit of account.

Although the BPI study shows that AI agents prefer Bitcoin for long-term store of value, BlackRock doesn’t interpret this result as “AI agents will accumulate BTC.” Instead, the company views the findings as early data on a potential AI-driven monetary architecture where stablecoins could be used as a means of payment and Bitcoin as a long-term store of value. BlackRock also notes that increased stablecoin adoption could boost transaction volume on blockchain networks, potentially creating demand for cryptocurrencies.

*This is not investment advice.

The agency aimed to draw a clear distinction often lost in warnings about quantum computing: the hash functions that help secure a blockchain’s history, including bitcoin mining, remain far more resistant to quantum attacks than the public-key cryptography used to control wallets.

“Cryptocurrencies will not collapse due to quantum computing,” Europol said. The immediate concern is ownership of the assets held in wallets, not whether a quantum computer could rewrite the bitcoin blockchain.

That distinction is more critical for addresses from the earliest days of Bitcoin – referred to as the “Satoshi era” – whose public keys have already become visible onchain. A powerful enough quantum computer could use those keys to drive the corresponding private key. Roughly 6.9 million bitcoin sit in addresses with exposed public keys, including early pay-to-topublic-key outputs and many long-dormant holdings.

Europol said exposed keys cannot be made safe retroactively, an issue that has sparked massive debates and controversies across the bitcoin community as the dilemma of whether or not to freeze BTC in Satoshi-era wallets increases as the quantum threat nears.

The more difficult task today is updating the network itself. Europol cited a 2024 study estimating that converting every bitcoin unspent transaction output, or UTXO, to a quantum-resistant format would require at least 76 days of cumulative block space. Reserving 25% of each block for the migration, that study adds, would stretch that process to about 300 days.

At this point, Srinivasan says that Bitcoin could become the reserve currency of Western institutions, while Zcash would become the currency used by individuals for financial privacy.

Emphasis on Institutional Reserves for Bitcoin, Zcash for Individuals!

According to Srinivasan’s assessment, Bitcoin could assume the role of a reserve currency or reserve asset, particularly for Western institutions seeking to demonstrate solvency and financial soundness.

This approach reinforces the idea that Bitcoin could move beyond being merely a digital asset preferred by individual investors and instead occupy a more significant position in the balance sheet and reserve strategies of institutions.

Srinivasan also pointed out a different cryptocurrency for individual users. According to him, Zcash can be used as a form of money for individuals who want to protect their financial privacy.

Srinivasan also considered $ZEC as a shield that could help users regain the financial privacy they have lost. This view is based on the expectation that the privacy-focused technology, one of Zcash’s core features, may become even more important in the future.

*This is not investment advice.

Only one yearly bitcoin BTC$83,725.97 buyer cohort remains underwater, according to checkonchain data: investors who bought in 2025, with an average cost basis of approximately $88,000, which may now be forming a key resistance level due to sell pressure from relatively recent buyers.

Bitcoin reached a monthly high of $87,500 in September before trading sideways and subsequently retreating below $84,000 as of Wednesday.

These yearly volume-weighted cost bases have acted as support and resistance throughout the cycle. As bitcoin approaches a cohort’s average purchase price, some investors may look to exit at breakeven, while others may add to their positions.

Bitcoin climbed to approximately $82,100 in May, matching the 2024 cohort’s average cost basis, before encountering resistance and falling back to $60,000. It eventually broke above that level in August.

The 2023 cohort’s cost basis, currently around $65,000, has provided a recurring support level. When bitcoin fell towards $60,000 in February, that cohort’s cost basis was also near that level. It broadly held as support throughout the 2026 bear market, although bitcoin briefly traded below it.

$101 Million Worth of Crypto Transferred from US Government-Linked Wallets!

A noticeable surge in cryptocurrency wallets linked to the US government has been observed. According to the on-chain tracking platform Lookonchain, Bitcoin and $BNB totaling approximately $103 million were transferred from government-linked addresses.

At this point, the US government completed Bitcoin transfers exceeding $70 million last night and $BNB transfers this morning.

Bitcoin accounted for the largest portion of the transfers. A US-linked address sent 833.6 $BTC, worth approximately $71 million, to Coinbase Prime.

During the same process, approximately 40,285 $BNB, worth about $31.63 million, were also transferred. Unlike Bitcoin, $BNB was sent to an unknown address after multiple transfers.

The wallets still contain approximately $27.5 billion worth of cryptocurrencies.

Is a Bitcoin Sell Coming?

While the transfer to Coinbase Prime has raised questions about a possible sale in the market, current data does not indicate that such a sale occurred. Furthermore, the transfer alone does not mean the Bitcoins were sold. The platform offers asset management services to institutional investors, in addition to custody and transaction services. Therefore, to determine whether a sale took place, the subsequent movements of the $BTC in question need to be monitored.

What’s the Latest Situation with Bitcoin?

With these developments increasing selling pressure on Bitcoin, analysts are pointing to the $83,000 level.

Speaking to CoinDesk, Vikram Subburaj, CEO of the cryptocurrency exchange Giottus, stated that it is important for Bitcoin to remain above the $83,000 level. According to Subburaj, maintaining this level means that selling pressure is not yet strong enough to pull Bitcoin back down to the $76,000-$81,500 range. However, if Bitcoin remains permanently below the $82,000-$83,000 levels, it could increase downside risks. In such a scenario, Subburaj indicated that the price could fall to the $80,000-$81,500 range.

Alex Kuptsikevich, chief market analyst at FxPro, considers $84,000 a significant support level for Bitcoin. According to the analyst, a drop below this level could lead to increased selling pressure and pull the price down towards $80,000.

*This is not investment advice.

Coinbase’s 24-hour range was $83,551 to $86,698. Kraken’s spot feed also showed a 24-hour low of $83,555, confirming the break below $84,000 on a second venue.

The plunge put bitcoin near the bottom of its recent range. Coinbase’s seven completed UTC daily sessions, from Sept. 30 through Oct. 6, spanned $82,912 to $87,249.

Long Positions Bear the Brunt

Coinalyze’s bitcoin liquidation dashboard showed $83 million in long liquidations over 24 hours, compared with $8.4 million in shorts. Those figures cover bitcoin contracts tracked by the service, rather than the entire crypto market. Coinalyze also cautions that its Binance liquidation feed is incomplete.

An all-crypto long-liquidation total for the short burst of selling could not be independently confirmed.

Liquidations can amplify a decline by forcing bullish positions to close when their collateral falls below maintenance requirements. Hyperliquid’s rules, for example, call for market orders to close positions when that threshold is breached, adding sell orders when longs are liquidated. That mechanism does not identify the trigger for this sell-off.

Despite the liquidations, Coinalyze’s open-interest dashboard showed $27.9 billion in outstanding bitcoin derivatives, up about 1% over 24 hours.

Stacks Labs announced his appointment on Sept. 30, with interim CEO Alex Miller moving to an advisory role. The organization handles core protocol engineering, developer relations and ecosystem growth for the Bitcoin Layer 2.

The planned IP transfer builds on an existing funding relationship: Stacks Labs launched in October 2025 with support from the endowment.

Ali’s other priorities include a two-year roadmap spanning institutional-grade Bitcoin privacy and post-quantum technology, a simpler leadership structure, and a public holder update call within 30 days. He said he is meeting large holders one-on-one.

Bitcoin Bonds Already Require $STX

The staking system, whose upgrade vote The Defiant covered in July, already links Bitcoin participation to demand for $STX. Bonding requires an $STX position worth roughly 5% of the $BTC being bonded, according to Stacks Labs’ September recap.

In the Genesis Bond’s first 14 days following its Sept. 10 launch, participants bonded 230 $BTC alongside 3.57 million $STX and received 0.28 $BTC in rewards, Stacks Labs reported. Those rewards came from $BTC committed by Stacks miners through Proof of Transfer, the network’s consensus mechanism.

Self-custodial participants timelock $BTC on Bitcoin while retaining custody. The open pooled route instead uses sBTC on Stacks and relies on a decentralized signer set. The roughly 3% annual yield is a target, not a guarantee, according to the recap.

Stacks Labs says the next bonding period is expected to start around Oct. 10.

Wallets supposedly linked to the U.S. government moved more than $100 million in crypto on Tuesday, according to data from blockchain intelligence firm Arkham.

The government sent 833.599 $BTC, worth about $71.6 million at the time, to two addresses Arkham doesn’t label. Within hours, both addresses passed the coins on to addresses Arkham labels as Coinbase Prime deposit addresses.

A separate government-labeled wallet sent about 40,285 $BNB, worth $31.63 million, to another unlabeled address, 0x7F68F63fB3A9CCCf352409603421E0A574FbAD90. That address then sent all of it on to a second unlabeled address, 0x6fB3Fe7b7E78AbB84CE007cBC7412C850B15A579.

The $BTC came from a wallet Arkham labels as Potapenko/Turogin forfeited funds (568.7 $BTC) and from coins seized in the Bitfinex hack case (264.9 $BTC). The $BNB came from assets seized from Alameda Research.

The government still holds about $27.5 billion in crypto, all of it seized in enforcement actions. To date, it has not used taxpayer money to make new purchases.

Such transfers often spark fears of an impending sale, but that doesn’t appear to be the case here.

“A transfer is not the same as a sale. Under a March 2025 executive order, bitcoin forfeited to the government is meant to be held in a Strategic Bitcoin Reserve,” Jose Rosell, market commentator, said on X.