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Crypto Trends

Plasma Confirms XPL Lock, Denies Wintermute Link

by admin October 2, 2025

Plasma Labs issued a statement to counter speculation after its native XPL token faced heavy selling pressure in recent days. On Thursday, October 2, 2025, the company clarified that no team members or investors have sold tokens. Instead, all XPL allocations remain locked for three years with a one-year cliff. The firm also denied any ties with Wintermute, a leading market maker, stressing it has never contracted with them.

We’ve seen a number of rumors circulating since the launch of XPL and want to set the record straight.

1/ No team members have sold any XPL. All investor and team XPL is locked for 3 years with a 1 year cliff.

2/ Of our team of ~50, three spent time at Blur or Blast. Our team…

— Paul (@pauliepunt) October 1, 2025

The statement came after rumors linked Plasma’s core team to prior ventures and questioned token distribution. “No team members have sold any XPL. All investors and team XPL is locked for 3 years with a 1-year cliff,” said Paul, a Plasma co-founder. He further clarified that while some employees previously worked at Blur and Blast, others hail from Google, Facebook, Goldman Sachs, and Temasek.

Market Action and Chart Signals

XPL has experienced sharp volatility, with its price down more than 40% since its peak. Analyst Luke Martin noted on X that the $0.85 level is now crucial. The TradingView chart show the price moving down in a steady pattern, making lower highs and lower lows. But at $0.85, buyers stepped in strongly, pushing the price back up. This bounce hinted that people see value at that level and are willing to defend it.

This is the first $XPL setup since the selloff started that looks appealing for a bounce.

Combined with the team announcing they sold 0 tokens and not working with winternuke.

Would not be surprised to see this trading above $1.2 soon.

Second target: trillions pic.twitter.com/7TilTfsmIT

— Luke Martin (@VentureCoinist) October 1, 2025

Moreover, historical levels remain important. Resistance lies around $1.01, which must be reclaimed to shift momentum. Until then, the market could remain range-bound. “This is the first $XPL setup since the selloff started that looks appealing for a bounce,” Martin stated. He added that the team’s assurance of zero token sales strengthens sentiment.

Machi Big Brother’s $11M Loss

Celebrity trader Jeffrey “Machi Big Brother” Huang has taken heavy losses on Hyperliquid. Just two weeks ago, his 5x leveraged XPL long position showed $44 million in profit.

Today, according to Hyperdash data, it sits at an unrealized $10.9 million loss, with liquidation looming at $0.4555. Besides this, Huang holds a 15x Ether long worth $1.2 million, which carries more than $500,000 in unrealized profit.

XPL faces a decisive moment at the $0.85 level. Plasma’s clarity on token locks could restore trust, but volatility remains a major risk.

Also Read: Bitcoin Miners Hit $56B Market Cap Despite Falling Margins

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October 2, 2025 0 comments

Crypto Trends

XRP Treasury Company Secures Additional $19 Million

by admin October 2, 2025

VivoPower, which is known as an XRP treasury company, has issued new shares in order to raise a total of $19 million.

Notably, the publicly traded firm is raising the aforementioned sum at $6.05 per share, which is higher than the current market price. This shows that there is significant demand.

The newly raised sum provides the company with additional liquidity for future XRP purchases.

Gaining more XRP exposure

The company previously announced another share offering under Regulation S, meaning that the funds would come from non-US investors. In this case, it was a $121 million private placement led by a Saudi prince.

After adopting the Ripple-linked token as its core asset, VivoPower then partnered with XRPL-based yield generation protocol Doppler Finance to deploy an initial $30 million of XRP.

Last month, the company also announced that it would acquire $100 million worth of privately held Ripple shares in order to enhance its exposure to the token.

Moreover, it announced that it would be exchanging the tokens procured with the help of its proof-of-work (PoW) mining operation for XRP.

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October 2, 2025 0 comments

Crypto Trends

XRP, DOGE Zoom Higher as U.S. Shutdowns, Japan Bond Slowdown Charge Bitcoin Appetite

by admin October 2, 2025

A U.S. government shutdown and fresh stress in Japan’s bond market failed to derail digital assets this week, as traders positioned for looser global liquidity conditions.

With Friday’s U.S. payrolls report potentially delayed and Japanese yields climbing to their highest levels since 2008, crypto markets are showing signs of decoupling from broader macro caution.

The setup has fueled expectations that policymakers may eventually be forced to ease financial conditions, creating a friendlier backdrop for risk-taking.

“The U.S. government shutdown and weak employment numbers from ADP have impacted markets this past week. Traders believe that these catalysts could be making a case for the Fed to further stimulate the economy and cut rates through the rest of the year, which could boost stocks and cryptocurrencies,” said Jeff Mei, COO at BTSE, in a Telegram note to CoinDesk.

Shutdowns that delay data and weaken fiscal visibility often encourage central banks to act more cautiously, while rising yields in Japan hint at policy shifts that could ripple through global funding markets.

For crypto, these dynamics translate into speculation over fresh inflows and renewed appetite for volatility.

Bitcoin traded near $118,700, gaining more than 3% in the past 24 hours, while ether rose 5.6% to $4,374. Solana added nearly 7% to reach $223, and dogecoin surged almost 9% to $0.25, extending its outperformance among majors.

XRP steadied at $2.97 after volatile swings around the $3.00 level earlier this week. The broad rally lifted the market capitalization of all digital assets to over $2.37 trillion, per CoinMarketCap data.

Meanwhile, volatility metrics also reinforce the picture of steadier markets.

“The major theme this quarter is with lower implied volatilities, evident across equities, rates, FX, and even BTC. This has been driven by a collapse in realized volatilities thanks to an accommodative Fed, stabilizing global GDP, lack of significant tariff-passthroughs on CPI readings, and a flattening of geopolitics and tariff surprises,” said Augustine Fan, Head of Insights at SignalPlus, said in an email.

With bitcoin consolidating just under $119,000 and dogecoin pushing higher, the coming weeks may show whether flows can sustain momentum or whether renewed pressure from Washington and Tokyo will test crypto’s bid for decoupling.

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October 2, 2025 0 comments

Crypto Trends

Dogecoin Mining Gets $2.5M Boost From Trump-Linked Thumzup Media

by admin October 2, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to multiple reports, Thumzup Media Corporation has provided a $2.5 million loan to DogeHash Technologies to help expand Dogecoin mining operations.

The cash is tied to an agreement that could turn into an all-stock acquisition, with DogeHash shareholders reportedly set to receive about 30.7 million Thumzup shares under the deal.

That swap, based on the filings and press notes, may lead the combined company to adopt a new ticker and brand if the transaction closes.

Thumzup Expands Mining Fleet

Reports have disclosed the fresh funds will go toward buying and deploying more mining rigs. The plan calls for adding 500+ ASIC miners, which backers say would push the company’s active machines to over 4,000 by year end.

That is a substantial jump from current levels. The company has also been building a treasury of Dogecoin. Based on reports, Thumzup has accumulated roughly 7.5 million DOGE at an estimated cost near $2 million.

Share Swap And Possible Rebrand

Sources indicate the proposed purchase is an all-share transaction rather than a cash sale. The 30.7 million share figure would give DogeHash holders a stake in Thumzup, and some statements suggest management expects to seek a new ticker — mentioned in rumor as “XDOG” — after closing.

Dogecoin currently trading at $0.24. Chart: TradingView

Timelines cited in disclosures point to a closing window in Q4, but that timing depends on regulatory checks and shareholder approvals. The change in focus from marketing services to crypto and mining is being framed by backers as a strategic shift for Thumzup’s business model.

Regulatory And Execution Risks

There are risks. Reports warn that delivering hundreds of ASIC units, securing power, and managing higher operating costs are not simple tasks. Mining difficulty and hardware supply chain delays could blunt the expected gains.

Loan terms and final deal mechanics remain subject to due diligence. Also, while the news has been tied to the Trump family, the link is mainly through prior share purchases by Donald Trump Jr., not direct corporate control.

Market And Shareholder Reaction

Stock and crypto watchers reacted quickly. Some traders bid the shares and Dogecoin higher on the news, while others eyed the deal skeptically.

Analysts pointed out that buying more miners does not guarantee profit if Dogecoin’s network conditions change or energy costs spike. Shareholders will look closely at the details of the loan, any future dilution, and the timeline for full integration of DogeHash into Thumzup.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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October 2, 2025 0 comments

Crypto Trends

What the Government Shutdown Means for Pending Crypto ETFs

by admin October 2, 2025

In brief

SEC decisions on applications for spot altcoin ETFs are on hold during the government closure.
Analysts have been expecting the agency to approve Solana funds early this month.
The regulator is weighing more than 90 applications for funds tracking different cryptos, combinations of tokens and digital asset strategies.

Investors expecting U.S. Securities and Exchange Commission approvals for a range of exchange-traded funds tracking various altcoins will have to wait longer, as the partial government shutdown lingers.

The regulator said that it would “not review and approve applications” for products or provide other “non-emergency support to registrants” during the closure, as outlined in a contingency operations plan highlighted on its website.

The SEC is currently reviewing more than 90 applications for ETFs based on the spot price of various altcoins, combinations of tokens, and different digital asset strategies, with Bloomberg fund analysts predicting that likely approvals, beginning with Solana-focused products, will be announced in early October.

“Crypto ETF approval season has officially arrived!” quipped Bloomberg Senior ETF analyst Eric Balchunas in a Tuesday post.

Issuers from the traditional finance and digital asset worlds have also proposed funds based on XRP, Cardano, Litecoin, and Dogecoin, among others.

Now, the October timeline seems increasingly unlikely as Senate Republicans and Democrats try to resolve a budget impasse.

As of late Wednesday, both sides were entrenched with budget proposals from each failing to muster enough votes to override a filibuster.

In the interim, government agencies have had to scale back their everyday activities. The SEC noted that it would have limited personnel “until further notice.”

In a Twitter post on Wednesday, Nate Geraci, co-founder of trade group the ETF Institute, wrote that the “shutdown would definitely impact the launch of new spot crypto ETFs.”

“ETF Cryptober might be on hold for a bit,” he added.

Looks like a prolonged government shutdown would definitely impact the launch of new spot crypto ETFs…

ETF Cryptober might be on hold for a bit.

From SEC’s “Operations Plan Under a Lapse in Appropriations & Government Shutdown”… pic.twitter.com/Z6gY1bJbUt

— Nate Geraci (@NateGeraci) October 1, 2025

The raft of filings over the past 18 months comes as issuers from both traditional finance and crypto look to address surging demand for digital asset-focused products, following the dramatic success of spot Bitcoin and Ethereum funds.

The 11 BTC funds now manage about $150 billion in assets (AUM), according to data analytics platform CoinGlass with BlackRock’s iShares Bitcoin Trust, the fastest growing ETF in the industry’s 32-year history, accounting for more than half the total. Ethereum funds’ AUM now surpasses $22 billion.

Solana, the sixth-largest crypto with a market capitalization of more than $118 billion, was recently trading above $222, up more than 6% amid a wider upswing in crypto prices on Wednesday, as investors seemed largely untroubled by the budget impasse or looked to crypto as a safe-haven asset.

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October 2, 2025 0 comments

Crypto Trends

Bitcoin buoys altcoin rally amid U.S. shutdown jitters

by admin October 2, 2025

Bitcoin pushes past $117,000 as altcoins rally, yet a palpable caution lingers. The gains feel fragile, with traders’ eyes locked not on charts but on a paralyzed Capitol Hill, knowing political chaos could trump technical momentum.

Summary

Bitcoin climbs above $117K as a 4% market rally lifts altcoins like Solana, XRP, and Dogecoin.
Gains come as the U.S. government shuts down, fueling volatility and caution among traders.
Analysts warn the fiscal deadlock may heighten short-term risks, though long-term market impact could be limited.

The U.S. government entered a shutdown early Wednesday after a deadlocked Congress, embroiled in a partisan fight over healthcare subsidies, failed to pass a funding bill by the midnight deadline.

In the first hours of the fiscal standoff, Bitcoin solidified a rebound from its $109,000 support level, climbing more than 3.5% to reclaim the $117,000 mark, according to the crypto.news price page. This momentum acted as a rising tide, lifting the broader crypto market by 4% to a $4 trillion valuation.

Smaller cryptos like Solana (SOL), XRP, and Dogecoin (DOGE) capitalized on the move, surging over 5% and leading a robust altcoin rally that appears to have overshadowed the political gridlock.

Analysts warn of volatility as shutdown collides with Powell’s dovish shift

Market analysts remain divided on how much weight the U.S. government shutdown will carry for crypto, but they agree that it complicates an already delicate backdrop. The intersection of Washington’s fiscal paralysis and dovish hints from Federal Reserve Chair Jerome Powell is shaping into a tug-of-war that investors cannot ignore.

A Bitunix said in a statement obtained by crypto.news the political deadlock is injecting fresh volatility into an environment already adjusting to shifting monetary expectations. The analyst explained that a prolonged shutdown could delay crucial economic data, suppress consumer and investment activity, and ultimately amplify concerns about a growth slowdown.

Paradoxically, this weakness could strengthen the case for the very monetary loosening that initially fueled the crypto rally. For assets like Bitcoin and the broader crypto market, this means being pulled between two narratives: one where easy money is on the horizon, and another where economic anxiety triggers a flight to safety.

“The government shutdown represents a short-term political risk and does not alter the medium-term easing trend, but it does amplify market volatility. The current environment is caught in a tug-of-war between ‘rate cut expectations’ and ‘growth concerns,’ keeping investor sentiment cautious. For BTC, watch supports at 110k–112k and 106k–108k, with resistance at 116k and 122k–125k. Flexibility is key, and traders should closely monitor liquidation hotspots,” the analyst said.

Analysts call for measured calm

The Bitunix analyst’s sentiment of measured calm is echoed in the institutional sphere. Johnny Garcia, managing director of Institutional Growth and Capital Markets at VeChain, offers a longer-term perspective, stating in a note that government shutdowns are not without precedent and historically suggest little lasting effect on markets.

While the stakes on the table may give some a ‘this time is different’ hunch,” Garcia stated, “generally speaking a solution is eventually found.” The MD expressed confidence that the shutdown itself is “probably more noise than material for long-term market impact,” a view supported by the relatively muted reaction in traditional equity and bond markets at the onset.

Meanwhile, this is not uncharted territory for the United States. This marks the eleventh federal government shutdown in the past four decades, a recurring drama of partisan brinkmanship. The longest closure, a 35-day ordeal in late 2018, serves as a stark reminder of how protracted these disputes can become.

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October 2, 2025 0 comments

Crypto Trends

Bullish to Offer Bitcoin Options Trading With Top-Tier Consortium of Trading Partners

by admin October 2, 2025

Bullish (BLSH), the NYSE-listed digital assets platform focused on institutional investors and parent company of CoinDesk, will tentatively launch crypto options trading from Oct. 8.

These bitcoin BTC$111,480.33 options will be margined and settled in the regulated, dollar-pegged stablecoin USDC, which boasts a market cap of $73.85 billion at press time, the second-largest in the stablecoin industry. Additionally, they will be European-style options with expiries ranging from three weeks to three months. The contract multiplier will be 1, meaning one contract represents one full BTC.

The exchange plans to list options tied to ether, as well as other single assets and multi-asset indices, such as the CoinDesk 20 and CoinDesk 5, in the future.

Bullish’s decision to launch options is part of a broader industry trend marked by increasing demand for hedging instruments across the full spectrum of crypto products. This growing appetite is exemplified by the rising popularity of options tied to BlackRock’s spot Bitcoin ETF, which now rivals Deribit’s BTC options.

“Bullish is investing significantly in its institutional offering,” said Chris Tyrer, President of Bullish Exchange. “Our journey began with spot trading, expanded to include margin, then perpetual and dated futures, and now reaches a new milestone with the introduction of options.”

He added that the new product aims to deliver a complete derivatives product suite with capital efficiency and risk mitigation, all accessible through a single, unified trading account.

Options are derivative contracts that grant the holder the right, but not the obligation, to buy or sell a specific asset, such as bitcoin or other cryptocurrencies, at a predetermined price within a set time frame. A call option gives the right to buy, representing a bullish bet on the market, while a put protects against potential price losses.

The special thing about options is that they facilitate three-dimensional trading, allowing traders to bet on the price direction, the degree of price volatility and leverage time to expiration. This multi-faceted nature enables traders to create synthetic positions by combining spot, futures, and options markets, allowing them to manage risk with more tailored and flexible strategies.

Consortium of day-one trading partners

Bullish’s new options have been designed in close collaboration with leading options market makers, technology providers, and brokers to ensure they are specifically tailored to meet the needs of institutional investors.

More importantly, from day one, these options will be supported by a range of confirmed industry heavyweights as trading partners, including Abraxas Capital Management, Ampersan, B2C2, BlockTech, Cumberland, FalconX, Fig Markets, Flow Traders, Galaxy Digital, Monarq Asset Management, Pulsar, SignalPlus, Wintermute, and Qube Research & Technologies.

“Galaxy is excited to support the next chapter of Bullish’s journey,” said Jason Urban, Global Head of Trading at Galaxy. “The addition of options to its product suite is a strong step forward – enhancing liquidity, deepening price discovery, and strengthening the overall maturity of the crypto derivatives market.”

Unified margin system

The global crypto options market is valued at over $50 billion in notional open interest, with Deribit alone accounting for more than 80% of the activity. In other words, the exchange has a massive head start compared to the impending Bullish options contracts.

Still, Bullish’s announcement stands out due to the platform’s unified margin system, according to Tyrer.

“Bullish clients access all products via our unified account structure, allowing them to trade spot, perps, dated futures and now options with risk offsets and portfolio collateralization. This setup is designed for maximum capital efficiency, which is of paramount importance to our institutional client base,” Chris Tyrer, President of Bullish Exchange, said.

On Deribit, Segregated Standard Margin is the default margin system, which means that standard margin, the initial margin and maintenance margin (MM) requirements are calculated separately for each position in the account. These requirements are then summed together to generate the total margin requirements for the account.

Lastly, Bullish already has vibrant futures and spot markets, which are often seen as a prerequisite for a successful options product.

Since its launch in November 2021, Bullish has surpassed $1.5 trillion in cumulative trading volume. This year, the platform has executed over $2 billion in average daily volume and ranks in the top ten exchanges by spot volume for bitcoin and ether.

The business is licensed by the New York State Department of Financial Services, German Federal Financial Supervisory Authority, Hong Kong Securities and Futures Commission, and the Gibraltar Financial Services Commission.

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October 2, 2025 0 comments

Crypto Trends

Alpaca launches Instant Tokenization Network for US stocks

by admin October 2, 2025

US broker-dealer Alpaca has launched an Instant Tokenization Network (ITN) that allows institutions to mint and redeem tokenized US stocks directly, a move that could help boost onchain liquidity in a segment of the tokenization market still constrained by structural barriers.

The ITN enables institutions to tokenize portfolios with a single API call and redeem tokens in-kind for the underlying shares without settlement delays, Alpaca disclosed Wednesday. The service operates beyond traditional market hours, offering 24/7 access.

By allowing in-kind redemptions — directly exchanging tokens for their underlying assets rather than settling in cash first — the network aims to make tokenized stocks more liquid and efficient.

Alpaca said the feature builds on the US Securities and Exchange Commission’s (SEC) recent efforts to address similar inefficiencies in the crypto exchange-traded product (ETP) market, notably through its approval of in-kind creation and redemption for spot Bitcoin (BTC) and Ether (ETH) ETFs.

The ITN is available to US-regulated financial institutions, Alpaca told Cointelegraph.

The tokenized stock market is currently valued at more than $700 million. Source: RWA.xyz

“ITN’s process is best understood as a single API that enables two functions,” Arush Sehgal, Alpaca’s head of crypto, told Cointelegraph.

“The first is the journaling of securities to and from brokerage accounts. This applies to US-regulated financial institutions,” he said. “The second is delivery of tokens by the issuer to their Authorized Participant, which is typically a non-US entity affiliated with the US institution that initiated the journaling of shares in step one.”

Alpaca has provided underlying infrastructure for recent tokenization initiatives, including Ondo Finance’s platform for tokenizing stocks and ETFs and xStocks’ platform for tokenized equities.

Related: Solana Foundation, Bitget Wallet join Ondo Finance’s ‘market alliance’

Wall Street, SEC converge on tokenization

The tokenization of real-world assets has emerged as one of the most prominent blockchain investment trends of 2025, with more than $31 billion in assets now represented onchain, according to industry data.

In the United States, the movement is gaining traction with support from regulators: SEC Chair Paul Atkins described tokenization as an “innovation” in remarks delivered in July.

After US Treasury bonds and private credit led the early wave of tokenization, tokenized stocks appear to be the next frontier.

“There’s no doubt it has a big effect on TradFi,” said Rob Hadick, general partner at crypto venture capital firm Dragonfly, speaking with Cointelegraph at the TOKEN2049 conference in Singapore. He noted that traditional finance is increasingly drawn to features such as 24/7 trading.

Rob Hadick speaking to Cointelegraph on the sidelines of the TOKEN 2049 conference. Source: Andrew Fenton/Cointelegraph

However, Hadick cautioned that institutional players are wary of sharing blockchain infrastructure with retail-focused projects.

“They want to be able to control things like privacy [and] who the validator set is, they want to be able to control what is happening in their execution environment,” he said.

The shift comes amid reports that the SEC is considering a framework that could allow traditional equities to trade on blockchain networks in a manner similar to cryptocurrencies.

Magazine: Robinhood’s tokenized stocks have stirred up a legal hornet’s nest

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October 2, 2025 0 comments

Crypto Trends

Bitcoin Miners Hit $56B Market Cap Despite Falling Margins

by admin October 2, 2025

US-listed Bitcoin miners reached a combined $56 billion in market capitalization this September, according to a new report from JPMorgan. The 14 miners tracked by the bank saw their collective market cap rise 43% month-on-month, fueled by strategic expansions, renewable energy investments, and hosting partnerships like Cipher Mining’s HPC colocation deal with Fluidstack. Twelve of these companies outperformed Bitcoin itself during the month

The surge came as the Bitcoin network’s hashrate jumped 9% to 1,031 EH/s in September, marking a critical inflection point for the sector. Despite the valuation spike, profitability slipped: JPMorgan estimated daily block rewards fell 10% from August to $49,700 per EH/s, while gross profit dropped 17% year-over-year.

Still, miners like Bitfarms posted triple-digit stock gains, while IREN and Riot Platforms emphasized renewable power in Texas and Canada to offset rising energy costs and scale operations sustainably.

Miners shift from speculation to infrastructure

The $56 billion milestone echoes trends from early 2025, when U.S. Bitcoin miners posted record profits despite surging energy costs. JPMorgan’s Q1 analysis showed the top five earned $2 billion in gross profit with 53% margins, up from 50% in Q4, even as equity raises fell from $1.3 billion to just $310 million. That early profitability reinforced the idea that capital-intensive infrastructure can unlock long-term value.

Today, miners are less considered speculative BTC proxies and more as digital infrastructure operators bridging crypto with real-world energy markets. This shift mirrors rising institutional demand for tokenized assets and off-exchange collateral, as miners refine cost bases and embrace renewables.

Their balance sheets now resemble high-growth utilities, implying valuations may rise further, even amid margin pressure.

Also Read: BTC Digital Deploys 574 New Bitcoin Miners to Boost Hashrate

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October 2, 2025 0 comments

Crypto Trends

Nearly $1 Billion in Ethereum Lands on Crypto Futures Exchange

by admin October 1, 2025

The Ethereum derivatives market has seen a notable surge in whale activity as prices post massive increases.

On Wednesday, October 1, an unknown wallet transferred a massive 198,289 ETH ($852.4 million_ to crypto futures and options exchange Deribit, according to data from on-chain tracking platform Whale Alert.

The large Ethereum transfer, which occurred in a single transaction, has raised eyebrows as it came at a time when the crypto market experienced a broad resurgence in the prices of leading cryptocurrencies, including Ethereum. The surge in activity spans across the Ethereum derivatives market, with whales making big moves.

Although the nature of the transaction was not specifically stated, market watchers have perceived the move to be bearish for Ethereum, suggesting that the whale might be preparing to sell.

What are Ethereum whales up to?

While subsequent Ethereum transfers involving major ETH withdrawals to the same exchange were spotted a few minutes after the initial deposit, the move has already stirred discussions across the crypto community.

Many commentators have speculated that the move might be an institutional attempt to reposition holdings or a hedging strategy. Others believe the whale could be preparing for a large-scale selloff.

Meanwhile, with Deribit being a renowned cryptocurrency options and futures exchange, the move suggests that the large Ethereum holder may have committed its funds to derivatives contracts in a bid to manage risk exposure.

Although Ethereum is currently trading on the bullish side, the sudden inflow of nearly $1 billion worth of ETH could mean that whales are gearing up for heightened volatility amid the market rebound.

Just one day into the “Uptober” season, Ethereum has already seen its price surge by over 5%, sitting at around $4,329 as of press time.

Source: CoinMarketCap

Notably, the regulatory clarity currently facing the crypto market has continued to attract institutional interest in the space. Hence, investors have shown little concern over the high-volume ETH deposits, anticipating higher price surges for Ethereum in the new month.

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October 1, 2025 0 comments