Tag: CRYPTOS FoxBusiness

Bitcoin BTC$82,292.69 climbed back above $83,000 on Tuesday, shaking off an early drop as a sharp selloff in Asian chip stocks and U.S. tech futures weighed on risk appetite.

The largest cryptocurrency by market value fell to just under $81,000 at 00:50 UTC before recovering above $83,000, according to CoinDesk data. Ether ETH$2,510.04 bounced from five-day lows, while $XRP ($XRP) turned higher after touching three-week lows. Zcash (ZEC), solana (SOL) and several other major tokens followed a similar pattern.

Asian tech rout

The early crypto weakness came as South Korea’s KOSPI plunged more than 6% intraday, falling below 6,000 and hitting its lowest level since late July. The index remained down roughly 6% in morning trade.

Chipmakers led the rout. Samsung Electronics and SK Hynix each fell roughly 8%, extending their losing streaks to five sessions. Investors were rattled by concerns over AI-related valuations and rising competition from Chinese memory-chip producers.

Hong Kong’s Hang Seng slipped 0.4%, while Nasdaq futures fell 0.6%, extending Monday’s 0.78% decline in the tech-heavy index.

Oil stays elevated

WTI crude traded near $92.67, holding most of Monday’s sharp recovery from below $90. Fresh attacks in Saudi Arabia and continued threats to shipping through the Strait of Hormuz have kept energy-market uncertainty elevated.

However, according to the analyst, even though market conditions are beginning to recover, a sustained uptrend requires regular capital inflows into spot Bitcoin ETFs and a strengthening of buying activity in the US spot market to be confirmed.

On-Chain Data Giving a Bottoming Signal!

The analyst also considers the improvement in macroeconomic conditions among the possible signals of a bottoming out. At this point, market expectations regarding the probability of a Fed interest rate hike in October have fallen to approximately 18%, and Brent oil prices have dropped from levels close to $110 per barrel to around $103.

In addition, the analyst cited changes in three on-chain indicators as bottoming signals. According to the analyst, the first indicator shows that Bitcoin holdings on exchanges have recently recovered but remain at a low level. Second, ‘Apparent Demand,’ which indicates new demand for Bitcoin, has also rapidly recovered from a significantly negative level. Third, the amount of Bitcoin held by whales has also increased. It was stated that the Bitcoin holdings of large investors have reached approximately 3 million $BTC and maintained a high level even during the recent price correction.

According to the analyst, these indicators suggest that conditions are improving for a bottom formation in Bitcoin. However, a definitive bottom confirmation requires sustained ETF inflows, strengthening buying in the US spot market, and continued demand recovery.

There’s a Possibility of Correction!

The analyst noted that while October historically stands out for its bullish expectations, a potential rise in October doesn’t necessarily have to be uninterrupted.

The analyst says that current data suggests a correction could pave the way for a new uptrend. However, confirmation of strengthening market demand is needed to say that Bitcoin has formed a permanent bottom.

“…The October rally doesn’t necessarily mean uninterrupted gains. A correction could lay the groundwork for the next rally.”

*This is not investment advice.

According to data shared by Arkham, the portfolio includes approximately $1 billion worth of SUSDS, $653 million worth of STETH, $341 million worth of Bitcoin, and $142 million worth of WBTC. The value of WLFI assets is estimated at approximately $31 million. These figures reflect estimates at the time the research was published.

Arkham also said that this estimate was based on tracking wallets identified as belonging to Sun across 10 blockchains.

However, Arkham points out that Sun’s on-chain assets should be separated from his total wealth. In this regard, Arkham states that Justin Sun’s total wealth could reach $7 billion. In fact, a separate study published by the company in February 2026 estimated Sun’s total wealth to be between $5 and $7 billion.

Justin Sun Ranks Second on the Crypto Millionaires List!

In Arkham’s rankings, Bitcoin’s pseudonymous creator, Satoshi Nakamoto, still holds the top spot with approximately $92 billion in on-chain assets. Justin Sun is in second place with approximately $2.2 billion. However, on-chain analytics only cover wallets that can be identified and associated with specific individuals or organizations. Therefore, the figures disclosed do not accurately reflect the total assets of individuals.

*This is not investment advice.

According to the statement, the service is provided through the bank’s Dubai International Financial Centre (DIFC) branch. DIFC allows eligible corporate clients to hold their digital assets in the bank’s custody infrastructure.

The bank also added that it is working with Ripple and LMAX Group to make $RLUSD acceptable as collateral under its Collateral Mirroring model. According to the bank, another aspect of this work involves extending Standard Chartered’s existing Collateral Mirroring model to LMAX Group.

This model aims to allow assets to be held in a custodian institution while the corresponding balances can be used as collateral on the trading platform. This enables institutions to access liquidity and reduce counterparty risk without transferring their assets to trading platforms.

What Does This Mean for the Institutional Cryptocurrency Market?

This development has the potential to expand $RLUSD’s use in institutional custody, collateral, and transaction processes. The previously announced partnership between Ripple and LMAX Group also aims to increase the stablecoin’s use in institutional markets.

Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated: “$RLUSD was developed specifically for these types of institutional use cases. Our clients want the efficiency of a regulated stablecoin without sacrificing the custody standards they already trust. Combining $RLUSD on the $XRP Ledger with Standard Chartered’s custody capabilities and LMAX Group’s institutional transaction infrastructure creates a practical way for institutions to use stablecoins in global markets.”

*This is not investment advice.

The Tether freeze, confirmed by Bitquery, is important because stablecoin issuers can block tokens linked to crime, unlike bitcoin or ether. Bitquery also said roughly $81 million could still be traced onchain as of Oct. 11, while some funds had moved through Tornado Cash and Zcash.

Tether did not immediately respond to a CoinDesk request for comment on the freeze.

Ledger’s effort to characterize the incident as confined to CryptoBilis has drawn pushback because the reseller was listed as authorized on Ledger’s website. “It’s not a CryptoBilis incident, it’s a Ledger incident,” X user MyCryptoParadise wrote. “At least take ownership of this mess.”

The episode is distinct from an April phishing campaign involving a fake Ledger Live app on Apple’s App Store, which drained at least $9.5 million after users entered their recovery phrases. This time, the attacker appears to have obtained the keys needed to directly empty hundreds of wallets.

Ledger advised CryptoBilis customers not to set up unused devices. Those who have already used one should move assets to a new device with a newly generated recovery phrase, it said.

Aave’s health factor compares collateral value, adjusted for liquidation thresholds, with debt. A position becomes eligible for liquidation below 1. The top Monad PT suppliers had health factors between 1.01 and 1.18, with a median of 1.03, in the Oct. 9 snapshot. $USDC was their dominant debt asset, followed by USDT0.

Those readings leave a narrow valuation cushion for part of the cohort. They also reflect why borrowers pair correlated collateral and debt: smaller relative price changes can support higher leverage. Aave notes that lower health factors may be appropriate for correlated assets.

During liquidation, someone repays the borrower’s debt and receives collateral plus an incentive. The liquidator weighs the collateral’s realizable proceeds against the debt repaid, transaction and conversion costs, and the cost of financing any redemption wait. The health factor measures proximity to eligibility; a sale quote measures the exit.

Monad’s PT-$AUSD Aave loans need a sale before maturity

The Monad collateral is PT-$AUSD-17DEC2026, a Pendle principal token representing a claim on $AUSD at its Dec. 17 maturity. The redemption entitlement is in the accounting asset. Receiving one $AUSD still requires any conversion needed to obtain the $USDC or USDT0 borrowed against it.

LlamaRisk reported that the reserve’s 30 million PT supply cap was fully utilized on Oct. 9 and recommended increasing it to 60 million PT. These limits measure token capacity. A larger cap would allow more collateral into Aave; its successful exit would still depend on buyers or redemption.

Before maturity, Pendle’s documented liquidation route sells PT into SY, its standardized yield wrapper, then redeems SY into a supported output token. After maturity, PT can be redeemed into SY without that market sale. Any further conversion into the borrowed stablecoin remains part of the route.

The Oct. 9 review describes the Pendle pool as 47% PT and 53% SY. A large PT sale draws from the opposite side of the pool, so a useful exit estimate needs the intended sale size, output and price impact across the full conversion.

Pricing adds another constraint. LlamaRisk says the December PT uses a linear discount oracle on $AUSD/USD. Pendle’s linear-discount documentation describes a predictable path toward maturity independent of AMM prices. That valuation can follow its curve while a liquidator’s sale price depends on the market’s willingness to absorb seized PT.

LlamaRisk’s Oct. 2 launch recommendation specified a 95% liquidation threshold and a 2.62% bonus for the stablecoin E-mode, alongside a 93% borrowing limit. A liquidator has to compare the incentive applicable at execution with the actual cost of turning PT into the debt token.

Arc’s syrupUSDC Aave loans rely on buyers or a redemption queue

The Arc comparison concerns syrupUSDC, a bridged share in Maple’s Ethereum yield-bearing vault. In the Oct. 9 Arc review, the two largest positions held approximately 97% of the supplied syrupUSDC at health factors of 1.02 and 1.01. All outstanding debt among syrupUSDC suppliers was $USDC.

A few positions can therefore dominate demand for that collateral’s exit. The concentration refers to supplied syrupUSDC, while the stablecoin available to Aave lenders sits in a separate reserve.

Arc had substantial Aave liquidity at the snapshot: 143.45 million $USDC added to the Core Hub, 83.82 million drawn and 59.63 million available. That available balance is debt-token inventory in Aave. Buyers of syrupUSDC and cash available for Maple redemptions determine other parts of the unwind.

LlamaRisk’s September Arc assessment, using Sept. 23 liquidity data, found one local Uniswap V4 syrupUSDC/$USDC venue whose proceeds saturated near $500,000 as its $USDC side was exhausted. The sale ran into the venue’s available cash inventory.

The same assessment described no native Arc redemption. A holder could sell locally or bridge to Ethereum and then request redemption. It estimated the bridge transfer alone at two to five minutes under normal conditions, with throughput around $10 million an hour. Maple’s withdrawal queue adds a separate wait.

Maple’s withdrawal terms make the timing constraint explicit: requests enter a first-in, first-out queue and are processed as liquidity becomes available. Most withdrawals take under 24 hours, but they can take up to 30 days. Its contract architecture explains why entitlement to a pool’s value can exceed immediately available withdrawal cash.

For a liquidator using that route, Ethereum redemption and Arc debt repayment are separate stages. The funder needs $USDC to repay the Aave loan before the collateral’s later exit pays them back. Bridge capacity, redemption cash and financing duration each affect whether the unwind is economical.

Arc’s shared Hub connects lender exposure with cap growth

LlamaRisk’s Arc onboarding recommendation values syrupUSDC through Chainlink’s syrupUSDC/$USDC exchange rate and capped $USDC/USD using a CAPO adapter. The exchange-rate input follows the Ethereum vault’s exit value. Local trading depth determines how much of that value a sale can realize.

The recommendation also specifies a 92% collateral factor and a dynamic liquidation bonus capped at 4%. The applicable bonus varies with the liquidation conditions. Its maximum provides a ceiling on the incentive against which a liquidator weighs exit costs.

The Maple Spoke draws from the same Arc Core Hub $USDC reserve as the Main Spoke. Aave’s earlier Hub design discussion explains shared solvency inside a Hub: Spoke-level limits constrain exposure, while the Hub remains the common liquidity and accounting venue. Applied to the described Arc arrangement, that architecture places Maple Spoke exposure within the Core Hub’s shared solvency. Monad’s V3 market and Ethereum’s separate Hub configurations have different boundaries.

LlamaRisk’s Oct. 9 Arc proposal would increase the Maple Spoke’s $USDC draw cap from 23 million to 46 million $USDC and its syrupUSDC add cap from 25 million to 50 million shares. The draw cap was fully utilized and the add cap 87.8% utilized in that review. Share-token capacity requires its own valuation before comparison with dollar debt.

Those caps set maximum collateral or borrowing capacity; additional exposure depends on subsequent deposits and borrowing.

For lenders assessing these Aave loans, the test is concrete: compare recoverable collateral proceeds at the relevant liquidation size with the debt repaid and total exit costs, then identify who funds any redemption delay. The liquidation incentive affects how much collateral the liquidator receives. Monad’s PT requires a market sale before December maturity. Arc requires local buyers or an Ethereum exit with sufficient bridge capacity, redemption cash and financing.

Here is the weekly altcoin token unlock schedule we at Bitcoinsistemi.com have specially prepared for you.

(All times are given in UTC+3 Turkish time.)

Aptos (APT)

Market Value: $805.79 million

Amount of Tokens Unlocked: $4.21 million (0.52% of market value)

Date: October 12, 2026, 03:00

Pump.fun ($PUMP)

Market Value: $2.70 billion

Amount of Tokens Unlocked: $52.13 million (1.93% of market value)

Date: October 12, 2026, 09:00

Unitas Labs (UP)

Market Value: $26.53 million

Amount of Tokens Unlocked: $1.67 million (6.29% of market value)

Date: October 13, 2026, 03:00

Chainbase (C)

Market Value: $45.26 million

Amount of Tokens Unlocked: $2.43 million (5.33% of market value)

Date: October 14, 2026, 03:00

Starknet ($STRK)

Market Value: $876.53 million

Amount of Tokens Unlocked: $15.11 million (1.73% of market value)

Date: October 15, 2026, 3:00 PM

Arbitrum ($ARB)

Market Value: $1.35 billion

Amount of Tokens Unlocked: $18.64 million (1.38% of market value)

Date: October 16, 2026, 03:00

Alaya AI (AGT)

Market Value: $88.35 million

Amount of Tokens Unlocked: $2.84 million (3.22% of market value)

Date: October 16, 2026, 03:00

GoPlus (GPS)

Market Value: $59.79 million

Amount of Tokens Unlocked: $1.70 million (2.84% of market value)

Date: October 16, 2026, 03:00

Magma Finance (MAGMA)

Market Value: $42.31 million

Amount of Tokens Unlocked: $2.32 million (5.48% of market value)

Date: October 16, 2026, 03:00

Valve (VALVE)

Market Value: $32.88 million

Amount of Tokens Unlocked: $2.37 million (7.21% of market value)

Date: October 16, 2026, 03:00

STBL (STBL)

Market Value: $16.61 million

Amount of Tokens Unlocked: $7.69 million (46.23% of market value)

Date: October 16, 2026, 03:00

RollX (ROLL)

Market Value: $12.47 million

Amount of Tokens Unlocked: $1.65 million (13.27% of market value)

Date: October 16, 2026, 03:00

Pudgy Penguins (PENGU)

Market Value: $519.86 million

Amount of Tokens Unlocked: $5.83 million (1.12% of market value)

Date: October 17, 2026, 03:00

deBridge ($DBR)

Market Value: $34.92 million

Amount of Tokens Unlocked: $12.30 million (35.20% of market value)

Date: October 17, 2026, 03:00

ZEROBASE (ZBT)

Market Value: $26.44 million

Amount of Tokens Unlocked: $1.29 million (4.88% of market value)

Date: October 17, 2026, 03:00

Caldera (ERA)

Market Value: $11.62 million

Amount of Tokens Unlocked: $1.86 million (16.03% of market value)

Date: October 17, 2026, 03:00

ZKsync (ZK)

Market Value: $172.66 million

Amount of Tokens Unlocked: $2.74 million (1.59% of market value)

Date: October 17, 2026, 13:00

Lombard (BARD)

Market Value: $45.58 million

Amount of Tokens Unlocked: $2.44 million (5.36% of market value)

Date: October 18, 2026, 03:00

*This is not investment advice.