Four Bitcoin whale addresses that had been dormant for more than 10 years transferred 1,971.03 BTC worth about $161 million out over the past two weeks, according to a Galaxy Research analysis cited by Decrypt. Galaxy Research said the whale addresses that emerged from dormancy moved the holdings between Sept. 6 and Sept. 22. The largest of the four held 1,260.78 BTC worth about $100.63 million and had been inactive for more than 10 years since July 2016. The address bought BTC at an average price of $652 and is…

Signs of a new crypto bull market are emerging across the market as the sector has been recovering since August, led by Bitcoin’s sharp rally, according to AMBCrypto. The outlet said the Crypto Fear & Greed Index rose to 59 this week from 45 last week, moving into greed territory and showing a clear improvement. It added that spot Bitcoin ETFs saw $999 million in net inflows in one day, while spot Ethereum ETFs drew about $270 million, and that BTC has also moved above a key long-term moving average…

The U.S. SEC is drafting rules on cryptocurrency custody and has submitted a related proposal to the White House Office of Management and Budget for review, Taylor Lindman, chief counsel for the SEC’s crypto task force, said at a CoinDesk policy and regulation event. The proposal targets investment firms and securities brokerages. Lindman said the rule is intended to clarify how securities brokers can hold non-security crypto assets in the market without special registration and allow investment advisers to place client assets with state-chartered trust institutions and similar entities. If…

U.S. Treasury said stablecoin issuers currently hold about $200 billion in short-term Treasuries and other government securities, and that amount is expected to increase further if provisions under the GENIUS Act are finalized, Cointelegraph reported. Source: Coinness

Patrick Witt, executive director of the White House crypto council, and Luke Pettit, assistant treasury secretary for financial institutions, said the chances of the CLARITY Act passing by year-end are low. Speaking at a CoinDesk policy and regulation event, the two expressed similar views and said whether the bill is taken up again during the post-election lame-duck session will depend on the election outcome. Pettit added he does not believe the CLARITY Act is entirely dead, but attention has now shifted to the administration, while sentiment toward the bill in…

Andreessen Horowitz, or a16z, and the DeFi Education Fund asked the U.S. SEC to exclude decentralized exchanges from exchange registration requirements, according to Crypto Briefing. In a joint letter to SEC Commissioner Hester Peirce, the groups requested a Safe Harbor framework for certain decentralized exchanges. They argued protocols that do not custody user funds, automatically execute trades, and allow anyone to participate without an administrator do not perform functions fundamentally identical to the New York Stock Exchange. Applying the same rules to such protocols would create a mismatch between regulations…

U.S. Commodity Futures Trading Commission Chairman Mike Selig said at a U.S. Treasury market conference hosted by the Federal Reserve Bank of New York that financial markets are entering a new period of change, according to The Block. He added that changes such as tokenization, onchain finance, and 24/7 trading are likely to drive more change in financial markets over the next 10 years than in the past several decades combined. Source: Coinness

Ripple CEO Brad Garlinghouse said in a speech at the University of Kansas that the company considered shutting down when the U.S. SEC filed its lawsuit in 2020, CoinDesk reported. Source: Coinness

Most altcoin holders are still sitting on losses, according to on-chain analytics firm Glassnode. Glassnode said fewer than one-quarter of total supply is, on average, currently in profit across coins. Based on historical data, Glassnode added that broad market tops across the crypto sector have tended to form when a significant share of total supply moves into profit, but said that point still appears far off. Source: Coinness

U.S. investment bank William Blair sees Coinbase and Circle as beneficiaries of the crypto market recovery, driven by regulatory formalization, increased tokenized-asset activity, and business diversification, The Block reported. William Blair said the U.S. SEC rolled out a series of rules, including for stock token trading, after the CLARITY Act failed to pass in the U.S. Senate, and expects the changes to improve investor sentiment and have a positive effect on Coinbase through next year. The bank added Coinbase has diversified its offerings this year by adding institutional and retail…

Strategy CEO Phong Le said JPMorgan CEO Jamie Dimon has attacked Bitcoin publicly for years but likely supports it privately, according to BeInCrypto. Speaking on a podcast, Le said Strategy aims to become the JPMorgan of the digital economy. Asked how Dimon might view that goal, Le said Dimon is, in his view, a Bitcoin supporter and appears to be saying what is necessary in public, adding that anyone who studies and understands Bitcoin becomes a supporter. Le emphasized Strategy does not want to become a bank. Instead, Le said…