SEC Chairman: “Innovation Exemption” to Apply Until Year-End
Paul Atkins, Chairman of the US Securities and Exchange Commission (SEC), announced that the process of creating an “innovation exemption” rule to support crypto technologies will begin by the end of 2025. Atkins stated that the regulation aims to encourage digital asset development activities and that the GENIUS Act will accelerate structural reform in the US crypto market.
Remix point Increases Bitcoin Holdings
Japan’s publicly traded company Remixpoint (3825.T) increased its total holdings to 1,371.46 BTC by acquiring an additional 2.66 BTC. Remixpoint stands out among Japanese companies holding Bitcoin on their corporate balance sheets.
DMG Blockchain Solutions Produces 23 BTC, Reaches Total of 342 BTC
Canadian mining company DMG Blockchain Solutions announced in its September activity report that it produced 23 BTC. This amount is on par with August’s production. The company’s total Bitcoin holdings reached 342 BTC. It also announced that it is considering implementing a Bitcoin treasury strategy.
Three Whales Accumulated 2,333 BTC in the Last 12 Hours
According to on-chain analysis platform Lookonchain, three major investors accumulated a total of 2,333 BTC (approximately $260 million) on October 8:
- Address bc1qr9 withdrew 650 BTC (80 million $) from Binance,
- Wallet 35usJu received 1,183 BTC (144 million $) from Galaxy Digital,
- Wallet 1EPzzK withdrew 500 BTC (60.8 million $) from BitGo.
Nvidia CEO: I Invested in Musk’s XAI Project
The Nvidia CEO confirmed that he is an investor in Elon Musk’s XAI project and said, “I want to invest in almost all projects that Musk is involved in.”
Lib Work Purchased Bitcoin for the First Time
According to Yahoo News, Lib Work, a publicly traded 3D printing construction company in Japan, purchased 29.64 BTC for approximately $3.3 million. This transaction, with an average purchase price of $112,140, marked the company’s first Bitcoin purchase. Lib Work had previously announced that it would include Bitcoin among its corporate reserve assets.
Bit Digital Increases ETH Holdings
Ethereum treasury company Bit Digital announced on the X platform that it had purchased an additional 31,057 ETH. This brings the company’s total Ethereum holdings to 150,244 ETH. Bit Digital continues to view Ethereum as a long-term strategic reserve.
Bitwise: Bitcoin ETF Inflows Could Break Records in Q4
Asset management firm Bitwise projected in its latest report that inflows into U.S. spot Bitcoin ETFs could surpass the 2024 total of $36 billion. Bitwise CIO Matt Hougan highlighted three key catalysts:
- The entry of asset management firms into the market,
- The strong rise in Bitcoin prices,
- The effectiveness of “hedging against value loss” strategies.
- Hougan predicts that many Wall Street advisory firms will begin holding both gold and Bitcoin in the same portfolio.
Hyperion DeFi Purchased Over 42,000 HYPE Tokens
Nasdaq-listed Hyperion DeFi (HYPD) purchased approximately 42,052 more HYPE tokens. The average price was $46.34, with a total value of approximately $79.5 million. The company’s total HYPE holdings have reached 1.75 million tokens. Hyperion DeFi announced $50 million in PIPE funding in June and changed its name from Eyenovia to Hyperion DeFi in July.
Crypto ETP provider 21 Shares has partnered with UK-based investment app Stratiphy. This agreement will allow individual investors in the UK to directly access physically backed Bitcoin and Ethereum ETN products. Stratiphy became the first UK asset management platform to offer 21 Shares products.
Reserve Bank of India Governor: Asset Tokenization Will Bring Financial Innovation
The Reserve Bank of India Governor stated that asset tokenization creates new opportunities for India’s financial markets. He also emphasized that the digital rupee plays a critical role in the country’s digital public infrastructure.
