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Crypto Evening Briefing: Nearly 40,000 Bitcoins Belonging to US Government Are on the Move

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Binance Extends Market Share for Fourth Consecutive Month

Binance, the world’s largest crypto exchange by trading volume, has extended its spot market share across crypto exchanges for a fourth consecutive month.

Cathie Wood’s Ark Invest Buys More Coinbase and Robinhood

Ark Invest added to its stockpile of shares in exchanges Coinbase and Robinhood yesterday. According to an emailed trade notification, 47,568 shares in Coinbase were added to the flagship Ark Innovation ETF. In comparison, 8,031 shares were added to the Ark Next Generation Internet ETF — which also saw 1.06 million Robinhood shares purchased.

Judge Approves Voyager’s Deal With Binance.US, Snubs SEC

In an unexpected turn of events, Voyager Digital has received the court’s approval to go through with their deal with Binance US, according to Bloomberg. The deal would allow Voyager’s investors to recoup between 50-73% of their holdings, contingent on the outcome of Alameda’s lawsuit against Voyager – and the recent appreciation in the value of crypto assets nearly across the board.

Nearly 40,000 Bitcoins Belonging to US Government Are on the Move

On-chain data provider Glassnode recently reported that nearly 40,000 Bitcoins from wallets linked to the US Government law enforcement seizures are currently on the move. While a majority of them appear to be internal transfers, some of them have also moved to the crypto exchange Coinbase.

Russian Crypto Advocates Urge Putin To Stop Regulatory Hostility

As Russia continues to delay the adoption of cryptocurrency regulations, local advocates have appealed to Russian president Vladimir Putin to change the government’s approach to regulating the market.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $22,004.96 USD, dropped by 1.54% in the last 24 hours;

ETH’s live price is $1,551.76 USD, dropped by 0.68% in the last 24 hours;

BNB’s live price is $286.70 USD, jumped by 0.29% in the last 24 hours;

XRP's live price is $0.3943 USD, jumped by 5.61% in the last 24 hours.

Fundraising News

Hexa Raises $20.5 Million to Take Real Objects to the Metaverse

Hexa, a 3D modeling company, has announced the results of its Series A funding round, raising raised $20.5 million. The round, which saw the participation of Point72 Ventures, Samurai Incubate, Sarona Partners, and HTC, will allow the company to extend its current workforce to tend to the growing number of customers seeking its services, which tripled this year.

OKX Ventures Announces the Strategic Investment in Scroll, a zkEVM-Based zkRollup on Ethereum

OKX Ventures announces the strategic investment in Scroll, a zkEVM-based zkRollup on Ethereum. Scroll enables native compatibility for existing Ethereum applications and tools.

Animoca Brands Japan Invests in Global Entertainment Company Rainshine Global Inc.

Rainshine Global has a strong track record in creating and distributing content, with a particular focus on Web3 content and a presence in India, the United States, the United Kingdom, the Middle East, and Southeast Asia. With Animoca Brands Japan's strategic investment in Rainshine Global, the two companies aim to build a gateway for Japanese intellectual properties (IPs) to reach new global markets. In addition, original anime IPs from Rainshine Global's content vault will be brought to Japan, providing a significant boost to the global growth plans of IP owners in Japan.

Crypto Payroll Startup Toku Raises $20 Million As Blockchain Firms Lean Into Compliance

On Wednesday, Toku announced it’s raised $20 million in an initial round led by Blockchain Capital and other investors, including the law firm Orrick and the founders of Protocol Labs and infrastructure firm Alchemy.

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  • U.S. Spot Bitcoin ETF Sees $2.39 Billion Net Inflow in a Week, Highest Since 2026

    On September 26, BeInCrypto reported that the U.S. spot Bitcoin ETF experienced a net inflow of $2.39 billion this week, marking the largest single-week net inflow since 2026. According to SoSoValue data, the week started with an inflow of $998.95 million on September 21, but subsequently declined daily to $134.47 million by Friday, approximately 87% lower than Monday. Nonetheless, funds continued to flow in for the seventh consecutive trading day. The significant inflow on Monday followed a 6.7% surge in Bitcoin, which led to about $262 million in short positions being liquidated within an hour. A global business survey by S&P on September 23 indicated that the U.S. economy is growing at its fastest pace since July 2021, with the 10-year U.S. Treasury yield surpassing 5%, causing Bitcoin to drop below $84,000 within an hour. The total assets of the ETF currently stand at $108.42 billion.

  • Riot Repays Coinbase Loan Early and Terminates $200 Million Bitcoin Collateral Credit Line

    On September 26, according to U.S. SEC filings, Bitcoin mining company Riot Platforms (NASDAQ: RIOT) voluntarily repaid all outstanding loans to Coinbase Credit on September 21 and terminated its $200 million credit line, while also releasing the lender's claim on the collateralized Bitcoin. Riot paid the full principal and accrued interest, incurring no early termination fees or penalties, and Coinbase's subsequent lending commitments were also terminated. The credit line, revised in April 2026, carried a fixed annual interest rate of 6.15% with a maturity date extended to April 20, 2027, and Riot had previously fully drawn the amount. At this rate, the annual interest on the $200 million balance is approximately $12.3 million. As of June 30, Riot had pledged 5,821 Bitcoins as collateral, valued at about $340.7 million, which accounted for approximately 51% of its total holdings of 11,380 Bitcoins at that time; the collateral also included USDC and cash held in Coinbase Custody Trust. This credit line was initially established in April 2025 for $100 million with a variable interest rate; it was doubled to $200 million the following month with a one-time fee of $1 million. Since the window for early termination fees specified in the agreement closed on August 21, no fees were required for the repayment in September. Riot is simultaneously expanding its data center operations, having announced in August a 20-year lease agreement with an unnamed AI developer for 191 megawatts of computing power at its Rockdale facility, which is expected to generate approximately $9.1 billion in initial revenue.

  • Trump: 'Super Intelligence' is a More Fitting Term than 'Artificial Intelligence'

    On September 26, U.S. President Trump stated: 'Super Intelligence' is a more fitting name. This name is more accurate because the term 'Artificial' often implies 'false' or 'not real'; however, it (Artificial Intelligence) is not a false entity, but rather an extremely powerful form of intelligence.

  • US and China Reach Agreement to Cut Tariffs on $30 Billion in Goods

    On September 26, the United States and China reached an agreement to reduce tariffs on $30 billion worth of goods following talks between President Xi Jinping and US President Donald Trump. (Watcher.Guru)

  • BTC Surpasses $84,000

    Market data shows that BTC has surpassed $84,000, currently priced at $84,015.64, with a 24-hour increase of 0.31%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Trump Rejects Iran's Proposal to Reopen the Strait of Hormuz

    On September 26, U.S. President Trump stated that he has rejected Iran's proposal to reopen the Strait of Hormuz. In a media interview, Trump emphasized that the U.S. has complete control over the Strait of Hormuz, through which a significant amount of oil is flowing. Iran seeks to reach an agreement to immediately reopen the Strait, but 'I have rejected their proposal.' (Xinhua News Agency)

  • Iran's Supreme Security Council Denies Plans for Military Action Due to Flight Ban

    According to Iranian state media: Iran's Supreme Security Council has denied plans for military action in response to the ban on Iranian flights.

  • Analysis: Global Debt Continues to Rise, Bitcoin Benefits from Declining Fiat Currency Purchasing Power

    On September 26, Forbes reported that Bitcoin approached $90,000 earlier this month. Meanwhile, global debt continues to rise, and the 'currency devaluation trade' surrounding the decline in fiat currency purchasing power has become one of the factors driving up assets like Bitcoin and gold. According to the Institute of International Finance (IIF), global debt increased by $10 trillion in the first half of this year, surpassing $365 trillion in total. U.S. debt has exceeded $40 trillion, with annual interest payments rising to $1.27 trillion, surpassing defense and Medicare expenditures, and only falling behind Social Security spending. The IIF warns that as benchmark interest rates rise, interest costs will also increase. Nic Puckrin, founder of Coin Bureau and cross-asset analyst, stated that the current environment is favorable for 'currency devaluation assets' like Bitcoin and gold, which is partly why Bitcoin has seen recent gains. The larger the debt scale of major economies, the more likely it is to suppress real borrowing costs and allow inflation to erode the real value of debt, thereby enhancing the attractiveness of such trades. Analysts from The Kobeissi Letter noted that the purchasing power of the dollar has declined by 23% since 2020, and U.S. inflation has been above the Federal Reserve's 2% target for 60 consecutive months.

  • Morgan Stanley Increases Bitcoin Holdings by 42.98 BTC, Total Holdings Reach 9,261 BTC

    On September 26, Morgan Stanley extracted 42.98 BTC, valued at approximately $3.6 million, from the Coinbase Prime hot wallet address through its spot Bitcoin exchange-traded fund MSBT. This brings Morgan Stanley's total Bitcoin holdings to 9,261 BTC, valued at approximately $779 million.

  • Goldman Sachs: Six Tech Giants Need to Generate $1.42 Trillion from 2028 to 2030

    On September 26, Goldman Sachs released a research report on the U.S. technology industry, conducting a quantitative analysis of the return on investment for large cloud providers as they continue to expand their capital expenditures in artificial intelligence (AI). The report focuses on six major U.S. tech companies: Alphabet, Amazon, Microsoft, Meta, Oracle, and SpaceX, and performs a stress test on their computing power investments from 2026 to 2027. Assuming an average upfront investment of approximately $42 billion per gigawatt (GW) of computing power, with 70% of capital expenditures allocated to hardware and 30% to data center construction, while incorporating conservative depreciation rules and ongoing operational costs, Goldman Sachs estimates that these six companies must collectively generate about $1.42 trillion in revenue from 2028 to 2030. This equates to approximately $11.6 billion in annual revenue per GW of computing power to achieve a 15% annualized return on invested capital (ROIC) for this round of AI computing investments. Goldman Sachs believes that the commercial value associated with different tokens varies, and the returns on AI capital expenditures will not be uniform. However, considering the market growth potential over the next 3 to 5 years, the firm still expects that capital invested in the AI sector over the next 18 months will maintain a good overall return on investment.

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