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Crypto news in brief

The day's crypto and macro news, retold in plain words by Finvane, with the original source credited on every story.

Today's analysis

Daily analysisOctober 9, 20264 min read

Bitcoin slides toward $80,000 as liquidations top $1 billion

Bitcoin fell close to $80,000 as more than $1 billion in leveraged bets were wiped out. What drove the drop, and what it means for beginners.Read articleDaily analysisOctober 9, 20263 min read

EU tells crypto platforms to phase out non-MiCA stablecoins

Europe's securities regulator gave crypto platforms three months to wind down stablecoins that lack MiCA approval, such as USDT. What EU users should know.Read article

  1. CryptoSlateBitcoin Core merges privacy fix for its opt-in private broadcast featureA Bitcoin Core fix for the optional private-broadcast feature is now in the 32.x code, but the patch for the current stable release, 31.1, is still pending.
  2. CoinDeskSenator Blumenthal questions Cantor Fitzgerald over its Tether tiesSenator Richard Blumenthal sent Cantor Fitzgerald's CEO a letter asking about the firm's role holding Tether's U.S. reserves and its sanctions safeguards.
  3. DecryptEthereum's Sepolia testnet activates Glamsterdam with a bigger gas limitEthereum's Sepolia test network turned on the Glamsterdam upgrade with a gas limit near 200 million. The main network stays at 60 million for now.
  4. Bitcoin MagazineGreece drafts 15% tax on crypto capital gains, reports sayGreece's Finance Ministry has drafted a bill to tax crypto gains at 15%, with the first €500 each year exempt, according to Reuters and local media.
  5. CoinDeskNFL backs states in Supreme Court fight over sports prediction marketsThe NFL urged the Supreme Court to let states regulate sports contracts on prediction markets such as Kalshi, which disputes the league's account.
  6. CryptoSlatePump.fun earns millions while most tracked memecoins sit far below peakPump.fun made about $18.6 million in protocol revenue in a week, while a Talos study found 81% of tracked memecoins fell at least 90% from their highs.
  7. DecryptBitcoin mined in 2010 moves for the first time in 16 yearsA batch of 100.02 BTC mined in July 2010 moved on Wednesday, worth about $8.3 million. Nothing in the transaction reveals who owns it.
  8. Bitcoin MagazineStandard Chartered plans crypto custody for institutions in SingaporeStandard Chartered says it will offer custody of selected crypto assets, stablecoins and tokenized assets to institutional clients in Singapore.
  9. CoinDeskU.S. government wallets shift 12,267 bitcoin from Bitfinex hack seizureU.S. government-linked wallets shifted 12,267 BTC, worth about $1.01 billion, to new addresses on Thursday, with no exchange deposit recorded.