US spot Bitcoin ETFs saw $484.9 million in net outflows on Wednesday, led by BlackRock's IBIT at $207.7 million, followed by Fidelity's FBTC at $105.1 million and ARK 21Shares' ARKB at $101.7 million, according to Farside Investors. Bitcoin fell about 1.8% over 24 hours, sliding from roughly $85,550 to near $82,700 in early Thursday trading.

Whale Alert reported that 622 BTC worth $51,461,639 was transferred from Coinbase Institutional to an unknown wallet, according to its transaction tracking update.

Greece is considering a 10% capital gains tax on cryptocurrency, a rate lower than the 15% level discussed in June.

Sui Network (@SuiNetwork) has detailed a phased rollout for Hashi, its proprietary Bitcoin finance layer, which is scheduled to go live later this month. The project says it is backed by more than $500 million in investment and will launch with Anchorage Digital (@AnchorageDigital) as a partner. Hashi is designed to enable Bitcoin holders to lend, borrow, and access structured credit on Sui using $hBTC, while keeping native $BTC secured on the Bitcoin network. Through the Anchorage Digital integration, institutions will have two regulated, compliant avenues to participate: triparty qualified custody settlement and stablecoin liquidity.

JUST IN: Russia's largest bank, Sberbank, is preparing to launch Bitcoin and broader crypto trading for more than 100 million clients.

Morgan Stanley's crypto exchange-traded products (ETPs) reached $1 billion in assets within six months, according to Amy Oldenburg, who spoke at TOKEN2049. Cointelegraph reported the remarks.

LATEST: Ripple is generating prime brokerage fees from leveraged equity trading following its $1.25 billion acquisition of Hidden Road, putting it in direct competition with Wall Street banks.

Europe's securities markets watchdog has put a firm date on the phase-out of stablecoins that fall outside the EU's Markets in Crypto-Assets (MiCA) regime. In an updated position published this week, the European Securities and Markets Authority (ESMA) instructed national supervisors to require MiCA-authorized crypto-asset service providers (CASPs) to stop offering services to EU clients involving non-MiCA-compliant asset-referenced tokens and e-money tokens. ESMA said the process should start immediately, with any remaining exposures addressed no later than Jan. 8, 2027. The aim is to limit EU users' ability to access unauthorized stablecoins as MiCA implementation continues. Key points - MiCA-authorized CASPs should cease providing services connected to non-MiCA-compliant stablecoins for EU clients. - National regulators are expected to enforce a deadline of Jan. 8, 2027 to deal with remaining exposures. - ESMA's scope covers trading platform services, exchange services, custody and safekeeping, transfers, order execution, investment advice, and portfolio management. - Limited, exit-only activity may be permitted on a temporary basis—including liquidation or conversion—under close supervision. - Firms are expected to deploy technical, contractual, and organizational measures to prevent clients from increasing exposure to unauthorized tokens. Broader service restrictions, not just trading ESMA's opinion targets stablecoins that do not meet MiCA requirements, specifically certain asset-referenced tokens and e-money tokens. The regulator's wording makes clear that the expectation extends across the regulated service stack, not only market-facing venues. Operationally, ESMA said MiCA-authorized firms should not continue providing these services to EU clients, reinforcing the view that restricting listings or trading alone is not sufficient if other services can sustain or expand exposure. What firms should do The guidance applies to a wide set of MiCA-regulated activities, including: - trading platform services - exchange services - order execution - custody and safekeeping - transfers - investment advice - portfolio management ESMA also set expectations for controls that go beyond blocking new onboarding paths. Firms should implement safeguards—technical, contractual, and organizational—to ensure EU clients cannot acquire additional nonauthorized stablecoins or increase existing exposure. A narrow carve-out for supervised exits ESMA acknowledged that certain limited services may be allowed temporarily to help clients reduce or exit existing positions. Examples include liquidation, conversion, withdrawals, transfers, and safekeeping. ESMA emphasized these activities should remain temporary and closely supervised, with the preferred outcome being an orderly exit rather than continued access. Building on earlier guidance The updated stance follows ESMA's earlier guidance from January 2025, which called for restrictions on trading and exchange services involving noncompliant stablecoins. The new opinion expands the practical reach by applying the "stop providing services" expectation across a broader set of MiCA-covered activities. Why the Jan. 8, 2027 date matters By setting a hard deadline of Jan. 8, 2027, ESMA signaled that regulators want a structured transition away from non-MiCA stablecoins. For investors and service users, the key issue is operational: existing holdings may need planned conversion, liquidation, or withdrawal routes rather than last-minute changes when services are paused. ESMA's focus on controls to prevent additional exposure also points to more active "access risk" management by firms. That may affect token listings, onboarding rules, transaction routing, custody policies, and portfolio tools—particularly where holdings can persist via portfolio management or safekeeping. National authorities are expected to scrutinize whether any "temporary exit" measures remain limited in scope and duration, and the emphasis on technical systems, contractual terms, and internal organizational processes raises the bar for documentation and governance. ESMA's guidance, as described in the opinion: MiCA-authorized CASPs should cease providing services related to non-MiCA-compliant stablecoins, while exit-related activities may be allowed temporarily under close supervision; remaining exposures should be addressed no later than Jan. 8, 2027. This article was originally published as ESMA Sets 3Month Deadline for Crypto Firms to Exit Noncompliant Stablecoins on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

ChainCatcher reports that on-chain research firm Glassnode said in its latest "The Week Onchain" that roughly $4.9 billion of "new money" entered Bitcoin over the 30 days through Oct. 5, supported by corporate treasury buying, expanding stablecoin supply, and inflows to U.S. spot Bitcoin ETFs. Over the same period, Bitcoin's realized market cap rose by $12.8 billion, more than double the size of the fresh inflows. Glassnode estimated that new capital contributed less than two-fifths of that increase, with the remainder driven by existing holders realizing gains and selling at higher prices. Glassnode added that similar patterns have appeared in Bitcoin rallies since spot ETFs launched in January 2024, although the capital influx seen during the 2024 and 2025 advances was far larger than current levels. Until inflows pick up again, Glassnode expects price action to depend mainly on existing holders being willing to transact at higher prices. Since Sept. 21, Bitcoin has failed four times to break above $87,000 and was trading near $83,000 at the time of the report, down about 1% for the month. Glassnode also noted that on the day Bitcoin first closed above $85,000 since January, about 86% of coins sent to exchanges came from short-term holders (held less than 155 days) who were in profit, the highest single-day share in the past year. Separately, CryptoQuant data shows that as of Oct. 7, the aggregate cost basis for short-term holders was around $78,250, keeping the cohort in net profit.