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TD Cowen Managing Director Lance Vitanza stated at the Bitcoin Treasuries conference in New York that institutional investors are no longer debating whether to hold Bitcoin, but rather discussing how to hold it. He predicts that the price of Bitcoin will reach $132,000 by 2027.Vitanza pointed out that Bitcoin is evolving from a single asset into a capital market ecosystem that encompasses common stocks, preferred stocks, bonds, and income-generating products. He analyzed the assessment methods for digital credit and which Bitcoin treasury companies can survive in a market downturn, mentioning Strive, Metaplanet, and Nakamoto, emphasizing the importance of having actual operating businesses.He also discussed the potential impact of MSCI index exclusions on Bitcoin treasury companies, as well as blockchain monitoring, front-running behavior, and trust issues regarding Bitcoin prices. He believes that well-operated Bitcoin treasury companies may perform better than Bitcoin itself.

According to a report by Semafor, the New York Federal Reserve has begun visiting JPMorgan Chase, Wells Fargo, Barclays, and Morgan Stanley to review their loan situations and risk exposures related to private credit companies.This review partly stems from JPMorgan Chase's move in March to write down a significant amount of loans in its private credit portfolio, particularly loans to software companies threatened by artificial intelligence.

Anthony Bassili, President of Coinbase Asset Management, stated that his team has a price target for Bitcoin to exceed $300,000 by 2030. He also pointed out that as the market capitalization of Bitcoin continues to expand, its cyclical return rates will keep narrowing, and achieving parity with gold is a longer-term process.In the interview, Bassili also discussed how pension funds, endowment funds, and sovereign funds allocate Bitcoin, as well as the common allocation ratio of 1% to 5% of Bitcoin adopted by wealth advisors. He introduced the user base and operational logic of the Coinbase Bitcoin Yield Fund and discussed the time required for tokenized products, such as tokenized funds and iCapital linked funds, to reach advisory channels.Additionally, he analyzed the correlation between Bitcoin and gold in the era of fiscal dominance and mentioned the value storage index that incorporates Bitcoin and gold into the same vehicle.

According to Gate market data, U.S. stocks closed on Monday with the Dow Jones Industrial Average rising 0.18%, the S&P 500 index up 0.67%, and the Nasdaq up 1.05%, reaching a new high. Nvidia rose 2%, Novavax Pharmaceuticals increased by 20%, Qualcomm fell 2%, and SpaceX rose over 7%. The Nasdaq Golden Dragon China Index closed up 1.7%, with Alibaba rising 4%.

The Ethereum staking withdrawal queue has retreated from last week's peak. After MetaMask began withdrawing validators, the withdrawal queue once climbed to about 851,000 ETH, and is currently down to about 767,000 ETH. Previously, on September 29, the queue was only about 166,000 ETH, growing more than five times in just a few days, reaching about 2% of the total staked ETH of approximately 43.6 million.On September 30, MetaMask disclosed a security incident affecting some of its infrastructure and took the affected validators offline as a precaution. Its update on October 1 stated that the investigation found no signs of impact on wallets or customer funds. In addition to its wallet services, MetaMask also operates validators for the staking service provider Lido. Ethereum security researcher Kaden estimates that this precautionary withdrawal involves about 17,000 validators and approximately 523,000 ETH, although MetaMask has not confirmed this data.Lido expects that as the affected validators withdraw and their balances are extracted, these ETH will gradually be restaked, a process that may take about 45 days. During the downtime, the affected validators will miss out on rewards, and Lido stated that stETH holders do not need to take any action. Meanwhile, the demand for entering the staking queue has cooled, with about 1.5 million ETH waiting to enter, and the estimated waiting time is about 25 days.

The decentralized lending protocol Compound is currently conducting a governance vote on Proposal 612. This proposal aims to extend the delay time for treasury operations from 2 days to 10 days and grants the governance mechanism the power to cancel treasury operations.According to The Defiant, a wallet associated with Humpy has cast 1.75 million COMP tokens in support of this proposal.

SpaceX (SPCX.O) plans to build a natural gas pipeline in Florida, USA.

According to Gate market data, SpaceX (SPCX.O) stock price has reached a new high since early July, rising 5.1% recently.

According to The Defiant, the Bitcoin wallet Xverse has completed a round of strategic financing, led by Draper Associates under Tim Draper, with participation from Trust Machines and Draper Dragon.The specific terms of this financing round have not been disclosed, and Xverse has not announced its financing amount or valuation.

According to Coinglass data, if BTC breaks through $90,492, the cumulative short liquidation intensity on major CEXs will reach $1.613 billion. Conversely, if BTC falls below $82,029, the cumulative long liquidation intensity on major CEXs will reach $1.518 billion.

According to CoinDesk, global payment company Stripe is expanding its stablecoin card business worldwide, betting that the digital dollar can become another payment method for consumers and businesses beyond traditional currency.Henri Stern, head of Stripe's stablecoin and crypto business, stated that the company expects its stablecoin card program to cover over 100 countries by the end of the year. Current clients include cryptocurrency exchange Kraken, fintech company Ramp, and payment app Morse. According to Paymentscan data, the stablecoin spending through cards last month was approximately $1.2 billion, doubling from a year ago.Stern mentioned that Stripe's strategy is to integrate stablecoins into its existing infrastructure. Since 2018, the company has issued over 400 million cards, processing hundreds of billions of dollars in card transaction volume. Its stablecoin business combines card issuance with the stablecoin infrastructure company Bridge, which was acquired for $1.1 billion in 2024.Additionally, Stripe has acquired the crypto wallet infrastructure company Privy and partnered with crypto investment firm Paradigm to develop a blockchain called Tempo specifically designed for payments, while also being a founding investor in the Open Standard that is developing Open USD.Stern noted that many projects currently use Circle's USDC, but Stripe intends to remain "completely stablecoin neutral and completely blockchain neutral." He stated that stablecoins should be another option within existing products for businesses, rather than a separate crypto technology stack that needs to be learned.

According to market news, the U.S. Treasury has withdrawn its previous proposal for cryptocurrency regulation concerning unhosted wallets and convertible virtual currency (CVC) mixing services.It is reported that the proposal aimed to expand the scope of monitoring cryptocurrency trading activities, including requiring financial institutions to collect and report relevant information involving unhosted wallets and cryptocurrency mixing services. This withdrawal means that the related monitoring rules will not be advanced for the time being.

According to Gate market data, U.S. stocks opened with the Dow Jones down 0.1%, the S&P 500 index up 0.07%, and the Nasdaq up 0.1%. Star tech stocks showed mixed results, with Intel down 2.8%, TSMC up 1.1%, and NVIDIA up 0.6%. Vaxcyte surged 53%, as the company's pneumococcal vaccine reached late-stage clinical trial goals.

Glassnode posted on platform X that the trend of BTC whales net depositing Bitcoin into exchanges has stopped.This trend lasted for over three months since the summer, which is twice as long as other similar trends since 2023, and ended in late August, after which the capital flow has remained negative.

According to Globenewswire, Nasdaq-listed Solana Treasury Company DeFi Development (DFDV) disclosed that it increased its holdings by approximately 26,203 SOL last week, bringing the total holdings to about 2,564,200 SOL, valued at approximately $302 million.DFDV also revealed that since the release of its second-quarter results on August 12, the holdings of SOL and equivalent assets have grown by about 11%. Additionally, it completed the first dividend payment for CHAD variable rate preferred shares on October 1. This product is designed to generate income through SOL staking and validator node operations, supporting dividend payments and serving as a financing tool for further accumulation of SOL.

According to Onchain Lens monitoring, GSR sent 303,010 LINK (4.29 million USD) to Binance after receiving tokens from Gnosis Safe.Two days ago, the same wallet sent 275,000 LINK (3.96 million USD) to Binance. In the past two days, a total of 578,010 LINK (approximately 8.25 million USD) has been sent to Binance.

According to on-chain data analyst @ai_9684xtpa, yesterday's newly established ETH whales continued to increase their holdings today, withdrawing 1236 ETH from OKX one hour ago. The amount of ETH accumulated since yesterday has grown to 2656 ETH (approximately 7.18 million USD), with an average withdrawal price of 2703.3 USD, now showing a floating profit of 19,500 USD.

According to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) announced that as of October 4, 2026, the company holds 6,016,414 ETH (valued at $2,726 each, approximately $16.4 billion), accounting for 4.9% of the total supply of Ethereum (122.1 million), just 1% away from the "5% Alchemy" target.The company's total crypto assets + cash and tradable securities + "Moonshots" investments amount to $17.4 billion, which includes:ETH: 6,016,414BTC: 214Cash and tradable securities: $643 millionBeast Industries equity: $180 millionEightco Holdings (NASDAQ: ORBS) equity: $117 millionCurrently, 5,067,309 ETH (approximately $13.8 billion) has been staked, operated through the self-developed institutional-grade staking platform MAVAN, with a 7-day annualized yield of 2.63%, and an expected annualized staking yield of approximately $363 million, which could reach $431 million when fully staked.

According to CoinDesk, Armada Acquisition Corp. II (XRPN) closed at $39.42 last Friday, up 68% on the day, and has risen approximately 273% over the week, reaching a high of $53 during intraday trading, compared to $10.58 a week ago, with a further pre-market increase of 9.5% on Monday. The company is the SPAC driving the listing of XRP treasury company Evernorth, which stated that the merger is expected to be completed on October 7 (Wednesday), pending the fulfillment of remaining conditions.Evernorth is expected to hold approximately 473 million XRP at the time of closing, valued at about $714 million based on Monday's price of approximately $1.51. Its disclosed financing includes about $300 million in total cash proceeds, of which $225 million comes from a private placement, $30 million from convertible notes, and $48 million from Armada's trust funds, with supporters also directly investing in XRP. However, the company purchased 84.4 million XRP for $214.1 million by the end of 2025, at an average price of approximately $2.54, which is now worth about $127 million.Armada Trust held $241.2 million at the end of June, with each public share redemption valued at approximately $10.49. Evernorth's announcement on October 1 indicated that about $48 million of the trust funds would be reserved for trading, suggesting that approximately 80% of the trust funds would be returned to shareholders. Redemptions will reduce the number of publicly tradable shares, allowing relatively small orders to significantly drive up the stock price.