cryptexa

Capital B purchased an additional 5 bitcoins for €0.32 million. The news itself would hardly be worth mentioning, but such a reduction in corporate purchases is quite telling.

Large wallets accumulated Bitcoin during the recent dip, increasing their holdings by 66,940 BTC. This is the largest figure in the current market cycle.

Strategy purchased 1,142 BTC for approximately $90.0 million at an average price of about $78,815 per BTC.

Investment products based on digital assets recorded a noticeable slowdown in outflows last week.

South Korea is tightening oversight of the crypto market. The country’s financial regulator announced new control measures. The priority is combating price manipulation and holding exchanges accountable for failures in IT infrastructure. The trigger was an incident at Bithumb. During a promotional campaign, the exchange mistakenly distributed 620,000 BTC ($44B) to users. According to the company, 99.7% of the funds were recovered. Under special scrutiny: • Price manipulation by “whales.” • Artificial token pumps where deposits and withdrawals are frozen. • Manipulation via API orders. • The spread of fake information on social media.

Binance purchased an additional 4,225 BTC ($300 million). The total volume of purchases by the fund now stands at 10,455 BTC ($734 million). Binance is buying the dip. The only issue is that just $300 million in resources remains. Where will the market go once the exchange finishes its purchases?

📊 crypto prices: BTC ≈$70,138 ETH ≈$2,054 SOL ≈$84,94 BNB ≈$629,56 XRP ≈$1,41 Market cap ≈$2,39T Fear & Greed Index: 9 ("Extreme fear") Altseason Index: 23

The Financial Times reports that Tether has begun an active expansion beyond the crypto market. The company has expanded its venture portfolio and increased hiring. According to journalists, the USDT issuer has invested in around 140 projects, including acquiring a stake in Juventus FC and agricultural ventures in South America. In addition, the firm has recently grown its staff to 300 employees. Over the next six months, it plans to hire another 150 people, mostly developers. Speaking at a conference in San Salvador, Tether CEO Paolo Ardoino said the company is focused on building peer-to-peer tools to counter Silicon Valley giants. “If we build infrastructure using centralized technologies, freedom will collapse,” he said. The FT noted irony in the CEO’s remarks, as Tether “acts as the largest centralized entity in the global crypto market.”

Bullish CEO Tom Farley has predicted an increase in acquisitions across the crypto industry. In his view, the recent major correction in digital assets has become the main catalyst. “I worked in the exchange sector during a period of continuous large-scale consolidation. The same thing will begin to happen in the cryptocurrency industry,” he said. At the same time, the executive believes the correction should have happened earlier — around one or two years ago — but inflated valuations sustained false optimism.

Addresses linked to Trend Research transferred their final 0.148 ETH to Binance, completing a full liquidation. Over the past eight days, Trend Research sold approximately 658,000 ETH worth about $1.354 billion. The assets were bought at around $3,104 and sold at about $2,058, resulting in losses of roughly $688 million. All previous profits of around $315 million were wiped out, turning into a net loss of approximately $373 million. Earlier, rumors circulated that a major Hong Kong fund had been liquidated, which triggered the recent market crash.

📊 crypto prices: BTC ≈$69,246 ETH ≈$2,083 SOL ≈$87,30 BNB ≈$642,74 XRP ≈$1,41 Market cap ≈$2,37T Fear & Greed Index: 8 ("Extreme fear") Altseason Index: 22

Tron Inc. (NASDAQ ticker: TRON) acquired 184,226 TRX tokens at an average price of $0.27. The company’s TRX holdings now total 680.3 million TRX, and it aims to further increase them to enhance long-term value for shareholders.

Twelve years ago, the then-dominant Bitcoin exchange Mt. Gox suddenly halted withdrawals, citing technical issues. However, internal documents later revealed that between March 2011 and January 2014, the platform lost a total of around 750,000 BTC belonging to users, as well as 100,000 BTC of its own funds. According to Mark Hunter, author of the book The Final Catastrophe: How Mt. Gox Lost Half a Billion Dollars and Nearly Killed Bitcoin, the exact amount of losses was 881,865 BTC. At current prices, these assets are worth approximately $60.8 billion. The losses resulted from at least six hacks and a series of mistakes made by Mt. Gox CEO Mark Karpelès. Only the perpetrators of the largest attack on the exchange in October 2011 are known. In 2017, U.S. authorities charged Russian citizens Alexey Bilyuchenko and Alexander Verner with laundering 647,000 BTC. There is no clarity regarding the rest of the stolen funds. One address still holds 79,956 BTC that remain untouched. The fate of 77,500 BTC stolen in September 2011 could not be traced. In March 2014, Mt. Gox filed for bankruptcy protection, and liquidation proceedings began. After multiple delays, administrators now plan to complete compensation payments to the exchange’s creditors by October 31, 2026.

Hong Kong–based company Trend Research recorded a $747 million loss on its Ethereum treasury after selling almost all of its holdings. Since October 2025, the firm had been buying ETH on Binance, using the cryptocurrency as collateral on the Aave platform to borrow stablecoins, which were then used to purchase even more ether. As a result, Trend Research accumulated 792,532 ETH at an average price of $3,267, with total investments of about $2.59 billion. As Ethereum prices approached liquidation levels on Aave, the company sold 772,865 ETH at $2,326, generating roughly $1.8 billion in proceeds. Earlier, Trend Research founder Jack Yi admitted that opening the long position too early was a mistake. According to him, the firm believed ETH was undervalued around $3,000 when Bitcoin was trading near $100,000. The company still holds 21,301 ETH, valued at approximately $43 million.

Given the circumstances, the tracker that records Bitcoin obituaries — articles declaring Bitcoin dead — has become active again. The developers note that if someone had bought $100 worth of BTC on each such update (463 cases), they would now have more than $72 million.

Arthur Hayes believes the decline is not driven by market panic, but by the actions of banks and market makers. Banks sell structured products linked to IBIT. When the BTC price reaches certain levels, dealers begin aggressive hedging — selling or buying Bitcoin — which triggers sharp price moves.

📊 crypto prices: BTC ≈$70,192 ETH ≈$2,082 SOL ≈$87,85 BNB ≈$652,87 XRP ≈$1,46 Market cap ≈$2,4T Fear & Greed Index: 8 ("Extreme fear") Altseason Index: 26

Circle has minted $4,000,000,000 worth of USDC over the past week. Today alone: +1,250,000,000 USDC.

Bithumb admitted that it mistakenly credited users with thousands of bitcoins. The major South Korean crypto exchange Bithumb reported an internal error in a bonus payout, as a result of which some users received “abnormally large” amounts of Bitcoin. This led to brief price volatility on the exchange after some recipients immediately sold the credited coins at market price. The company said it quickly restricted the affected accounts and restored prices within five minutes. There was no hack or fund leakage, and trading and withdrawals continue to operate normally. Before Bithumb’s official statement, reports appeared on social media claiming that during a promotion, instead of 2,000 South Korean won (about $1.50), some accounts were mistakenly credited with 2,000 bitcoins. Users who received the funds allegedly began selling the coins immediately.

Binance has purchased another 3,600 BTC. The exchange now holds 6,230 BTC worth about $400 million.