Category: crypto

Bitcoin supply on exchanges has dropped to 2.8 million BTC, the lowest in six years, following a recent all-time high of $125,506. This reflects growing self-custody trends and institutional accumulation. Institutional interest in BTC is increasing, with more companies adding it to their treasuries. The price remains strong, with potential for further increases.

Vietnam is moving forward with plans to regulate its crypto market by licensing a few exchanges under a new five-year pilot program. The government aims to bring offshore crypto activity onshore, with over 17 million traders and $100 billion in annual volumes. Detailed implementation plans are being drafted to enforce the pilot program.

CoinShares reported a record $5.95 billion inflow in digital asset investment products last week, the largest ever. Bitcoin, Ethereum, and Solana broke inflow records, driving total assets under management to $254 billion. The U.S. led with $5 billion inflows, while Bitcoin had the highest inflow at $3.55 billion.

Binance plans to list Aster on October 6 with three trading pairs. The exchange warns users to research thoroughly before trading off-platform. Aster’s price has recovered to $2.00, up 3.9% after DeFiLlama’s delisting announcement due to wash trading allegations. Binance’s listing aims to address concerns and provide caution to users.

China Financial Leasing Group plans to invest $11.14 million in web3 and AI sectors, including developing its own crypto platform. The company will raise funds through share issuance to support these ventures, leading to a 20% increase in its stock price. This reflects a larger trend among Hong Kong firms entering the crypto space.

Morgan Stanley has set new cryptocurrency allocation limits in client portfolios in preparation for retail crypto trading next year. They recommend up to 4% allocation in select portfolios, with a focus on Bitcoin as a digital gold asset. The company plans to offer retail crypto trading through its subsidiary E-Trade in 2026.

Discord reported a security breach involving a third-party customer service provider, exposing user data including contact details, billing information, and ID images. The incident did not directly compromise Discord’s systems, and the company is working with authorities to investigate. Users are advised to be cautious of potential phishing attempts.

FTX, a bankrupt cryptocurrency exchange founded by Sam Bankman-Fried, warned creditors about phishing scams targeting the third payout round. Scammers are impersonating Kroll Settlement Administration and sending fraudulent emails to steal user credentials and cryptocurrency. FTX emphasized that they will never ask users to connect external wallets for payouts.

MetaMask is launching a $30 million on-chain rewards program with LINEA tokens in Season 1. The initiative aims to deepen user engagement and reward loyal users. It will include referral bonuses, mUSD stablecoin incentives, partner rewards, and token access. MetaMask clarified that earlier leaks were inaccurate. There are concerns about eligibility and abuse prevention.

The weekly crypto funding totaled $351 million across 13 projects, with Flying Tulip leading with a $200 million seed round. DeFi and finance startups dominated the funding, with other projects like xMoney, Lava, and AmbrusStudio also securing significant investments. Various other projects received funding ranging from $1 million to $15 million.