Crypto News Today (Live Updates) October 9

Over the past 30 days, Long-Term Holders have sold 295K BTC (~9.8K BTC/day). While this is higher than average, it remains well below peak levels seen in May and December 2024 (~800K BTC). Analysts note that such distribution is compatible with a bullish trend, provided market demand continues to absorb the selling pressure—a condition that is currently being met, supporting sustained upward momentum for Bitcoin.

Animoca Brands, via a limited partnership fund by Hong Kong-based DL Holdings and supported by Ripple, plans to tokenize special purpose vehicles (SPVs) primarily on the XRP Ledger (XRPL). The initiative will include ByteDance, Kraken, eSelf AI, a commercial tower in Hong Kong’s Central district, and select Animoca IP. The project aims to bridge TradFi with DeFi for private equity and real estate markets globally, while Hong Kong’s Securities and Futures Commission (SFC) reviews the regulatory framework.

Bitcoin rebounded sharply after dipping just below $121K, avoiding a full drop into the supply zone. Analysts expect further consolidation before the next major leg up, with momentum likely to favor a strong upward trend. This bullish phase could also drive altcoins to outperform, as investors rotate into broader crypto markets following Bitcoin’s recovery. Market watchers are keeping an eye on support levels and accumulation patterns for the next surge.

Binance Japan has entered a capital and business partnership with Japan’s top cashless payment provider, PayPay, which will acquire a 40% stake in the exchange. The collaboration aims to integrate crypto and digital payments, allowing users to buy crypto using PayPay balances and withdraw proceeds directly to PayPay accounts. The partnership also plans to develop new financial services, marking a significant step in bridging crypto with mainstream digital payments in Japan.

Bitcoin has smashed through the $114K–$117K supply zone, reaching fresh highs near $126K in a powerful “Uptober” breakout. The surge is being fueled by robust ETF inflows and strong mid-tier investor accumulation, signaling sustained institutional demand. While on-chain metrics remain solid, analysts caution that rising leverage levels could introduce short-term volatility in the days ahead.

Despite ongoing retail skepticism, over $1.1 billion worth of XRP has been accumulated by large holders, signaling renewed whale confidence. With XRP ETF optimism heating up, analysts suggest that a break above the $3.30 level could trigger a powerful rally, potentially sending XRP soaring by 60–85%. The growing institutional interest points to mounting momentum in anticipation of a possible XRP ETF approval.

Ripple is expanding its footprint in the Middle East, announcing a new partnership with FinTech Bay to strengthen blockchain adoption and education in the Kingdom of Bahrain . The collaboration will also support pilot projects within Bahrain’s growing digital asset ecosystem, paving the way for Ripple to offer its products to financial institutions in the country. This strategic move highlights Ripple’s continued global expansion and its commitment to advancing blockchain innovation in the region.

The latest FOMC Minutes reveal that most Federal Reserve officials believe it will be appropriate to ease monetary policy further later this year. However, a few members suggested they could have supported holding rates steady in September. Notably, some participants questioned whether the current policy stance is truly restrictive, hinting at growing internal debate over how much further rate adjustments may be needed to support economic stability.

Solana-based data company Helius has revealed plans to acquire at least 5% of Solana’s total supply, signaling strong confidence in the blockchain’s growth. The firm also hinted at expanding globally, stating that once market capitalization and regulatory conditions are favorable, its second listing will be in Hong Kong potentially within the next six months. This move underscores rising institutional interest in Solana’s rapidly evolving ecosystem.