Tag: CRYPTOS FoxBusiness

Bitcoin $BTC$82,486.39 held near $82,600 after President Donald Trump said he would not strike Iran before the U.S. midterm elections, pulling the largest cryptocurrency off Thursday’s low of roughly $80,400 and turning the liquidation pressure onto bearish traders.

Ether ETH$2,502.21 slipped 2% over 24 hours to about $2,500, still nursing the worst of Thursday’s flush, when ether bets were wiped out at six times bitcoin’s rate relative to its market value.

SOL was the laggard among the major coins, losing nearly 4% over the same period to around $110, while XRP and HYPE were little changed. The broader CoinDesk 20 index slipped about 2%.

Thursday’s dip tested a level traders watch for the medium-term trend.

“At the peak of its decline on Thursday, Bitcoin fell to $80.4K, touching its lowest level in the past three weeks and its 50-day moving average, where the balance shifted in favour of buyers,” Alex Kuptsikevich, the chief market analyst at FxPro, said in an email to CoinDesk.

The price increase directly impacted miners’ income. Total daily mining revenue, consisting of block rewards and transaction fees, increased by 78 percent, rising from $27 million to $48 million during the same period. The seven-day average of daily revenue from transaction fees increased from $195,000 to $275,000. Although transaction fees continue to lag significantly behind block rewards, they contributed to the recovery in revenue.

Bitcoin Sales by Miners Slowed Down

CryptoQuant data also points to a significant shift in miners’ profitability conditions. While income from mining activities remained extremely low during the May-August period, miners entered a period where they could once again earn a reasonable income as Bitcoin reached $76,000 on August 21st.

With increased profitability, there has been a noticeable decrease in Bitcoin selling pressure from miners. According to the report, no extraordinary amounts of new outflows have been recorded from miner wallets since August 21.

The actions of miners who have been active since Bitcoin’s early days also supported this trend. In September, approximately 600 $BTC were withdrawn from these miners, compared to around 2,000 $BTC in January. Thus, the outflows in September were about one-third of those in January.

On the other hand, the total balance of large miner addresses holding between 100 and 1,000 $BTC has stabilized at around 51,000 $BTC since the beginning of September. The total assets of these addresses had decreased by approximately 20 percent from the 64,000 $BTC level in December 2025.

*This is not investment advice.

Using fresh addresses keeps keys hidden before spending, and the proposed signatures are intended to protect the payment when spending makes its approval public.

Zakura’s post comes on the heels of a warning by Ethereum researcher Justin Drake, who on Thursday urged holders to prepare for a so-called “bunker mode,” warning that AI could find a shortcut through the mathematics protecting bitcoin and ether wallets “in months, not years” in the worst case.

Ethereum’s own broader migration to quantum-resistant cryptography has a target date of December 2029. No practical attack on their wallet keys has been demonstrated so far.

$ZEC ended Thursday around $1,185, down about 11% over the preceding week, leading a drop among top cryptocurrencies after Drake’s post went viral on X.

Read More: Bitcoin and ether holders urged to prepare ‘bunker mode’ against possible AI attacks

Fresh addresses, revealing balance checks

Zcash has two kinds of payments. One is shielded payments, which conceal the sender, recipient and amount. Transparent payments, in contrast, work much like bitcoin BTC$83,184.06, with addresses and amounts visible on the blockchain.

About 11.96 million of the 16.98 million $ZEC issued sat in the transparent pool on Thursday, roughly seven in 10 coins, according to CoinDesk’s calculation from ZecStats data. The January plan focuses on that public side of the network.

The index being at 55 indicates that there is no significant trend of fear or excessive optimism in the market. However, the 6-point daily drop points to a notable shift in investor sentiment.

CoinMarketCap considers the price movements of the 10 largest cryptocurrencies by market capitalization in its index calculation. Market volatility is also among the key components used in the calculation.

In addition, indicators in derivative markets, particularly the put/call ratio used in the options market, are taken into account to assess investors’ risk perception.

Other components of the index include the stablecoin supply ratio (SSR) and search data from the CoinMarketCap platform.

Recent data reveals that the greed trend seen in the cryptocurrency market in previous days has weakened. However, the index’s retreat to neutral territory does not, by itself, mean the beginning of a new period of price decline or rise.

*This is not investment advice.

Babylon Labs, a Bitcoin staking infrastructure company, and HashKey Cloud, an institutional blockchain infrastructure provider, are integrating Trustless Bitcoin Vaults (TBV). The service will let HashKey clients use native Bitcoin as collateral to borrow stablecoins and access yield strategies.

TBV allows users to borrow through Aave v4 without wrapping or bridging Bitcoin. The system is designed to connect native Bitcoin with Ethereum-based lending liquidity while avoiding centralized intermediaries.

Tereina, an SAP-backed (a global software company) financial services company, and Circle, a financial technology company and issuer of $USDC and $EURC, are partnering to bring stablecoin payments into enterprise workflows. The integration will start with SAP Cloud ERP.

The companies aim to let eligible businesses use $USDC and $EURC through existing financial applications instead of setting up separate systems for stablecoin payments. $USDC will be used for eligible US dollar payments, while $EURC will support euro-denominated transactions.

The connecting link was the $NEAR Intents architecture: the Confidential Intents feature enabled direct and confidential swaps of QTC for more than 180 assets across 30 different blockchains, including Bitcoin, Ethereum, and Solana, in a single click directly from wallets, bypassing vulnerable traditional bridges.

$NEAR token rose for two straight months while everyone was watching Bitcoin

This historic launch capped a broad-based $NEAR uptrend that had been developing over the past two months. According to weekly TradingView charts, the asset had been steadily breaking out of a prolonged accumulation phase around $1.50–$1.80 since late August.

Beyond the quantum catalyst, the long-term rally was driven by a combination of fundamental factors: integration with Robinhood Crypto Chain, which simplified operations with the USDG stablecoin and Ethereum, as well as capital inflows from institutional funds, including Digital Commodities, diversifying their portfolios toward AI infrastructure and Chain Abstraction technologies.

For $NEAR Protocol itself, which already supports quantum-safe account signatures on mainnet and plans to upgrade its consensus by the end of 2027, the QTC integration became a practical demonstration of the network’s readiness for the next generation of technology, cementing the project’s position in the top tier of the crypto market.

That would theoretically put a large share of crypto within reach. Millions of bitcoin sit in addresses whose public keys are already visible onchain, as CoinDesk has previously reported. On Ethereum, any account that has ever sent a transaction has revealed its key, and the stablecoins and tokenized funds issued on the network are controlled through that signature system as well.

No practical attack on bitcoin or Ethereum’s wallet keys has been demonstrated, and none appeared in the research reviewed by CoinDesk.

AI already a crypto threat

The warning followed OpenAI’s release on Tuesday of 722 mathematical manuscripts produced by an unreleased model tested on approximately 4,000 research problems. Some findings have computer-checkable proofs, while others remain unverified and could contain errors, the company said.

The manuscripts came from the model OpenAI said last month had solved the Navier–Stokes problem, one of seven Millennium Prize challenges in mathematics. Each result used, on average, computing power equal to roughly three hours of ChatGPT Pro reasoning, the company said.

Within a day, an outside researcher reran the computer check on one result, a new limit on how fast computers can multiply large grids of numbers, a question mathematicians have worked on since 1969, and found it held.

There is precedent for much larger holdings reaching the market. Galaxy confirmed in July 2025 that it sold more than 80,000 $BTC for an early investor as part of an estate-planning strategy. Wednesday’s transfer is far smaller, and its records do not establish a sale.

Old coins, active address

The alert prompted questions online because the address had spent other bitcoin between 2011 and 2018.

Bitcoin records incoming payments separately, allowing a wallet to spend one payment while leaving another untouched. Those unspent payments are called UTXOs. An address can therefore remain active while some of its coins sit still for years, as happened here.

The address spent 200 $BTC across two transactions in August 2015, another 100 $BTC in December 2017 and 249 $BTC in March 2018. The separate 100.02 $BTC payment from July 2010 remained unspent throughout.

“This address has been somewhat active in the past, but these specific coins have not moved since 2010. We track the coins,” Galaxy Research said on X.

CoinDesk traced that payment directly to two mining rewards created in July 2010, one worth 50 $BTC and the other 50.02 $BTC, including fees. Miners, the computers competing to add transactions to Bitcoin, received 50 newly created coins per block at the time.

$NEAR Intents, a cross-chain trading protocol, has handled over $31 billion in cumulative transaction volume, according to the $NEAR Intents Explorer.

$NEAR’s rise in the rankings also follows the Sept. 29 launch of the first US spot exchange-traded product tracking the token. The Bitwise fund trades on NYSE Arca under the ticker NRR, offering investors exposure to $NEAR without directly holding the crypto.

$NEAR Intents suffered a $3.8 million exploit involving its deposit and withdrawal infrastructure last week. On Oct. 2, General Manager Alex Shevchenko said that all stolen funds had been returned, a day after the breach was disclosed.