News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
1Bitcoin Whale’s $360M Transfer May Signal Further Rotation Into Ether and Potential Selling Pressure2Bitget Daily Digest(October 9)|UK FCA lifts retail ban on crypto ETNs; Linea to unlock 1.08 billion tokens tomorrow; Bitcoin ETF sees net inflow of 7,743 BTC in a single day.3BlackRock’s Bitcoin ETF May Signal Institutional Shift as Record Crypto ETF Inflows Push Bitcoin to $126,223
Flash
- 12:49Ethereum developers release Kohaku roadmap aimed at enhancing wallet privacy and securityChainCatcher news, according to Cointelegraph, Ethereum developers have unveiled a new roadmap called Kohaku, aiming to enhance wallet privacy and security through a modular framework. The project was announced in a blog post by Ethereum Foundation coordinator Nicolas Consigny, with plans to build a set of privacy and security foundational components. The core of Kohaku is to develop a software development kit (SDK) and a reference wallet to demonstrate the practical effectiveness of the tools. The first version will be presented as a browser extension based on the Ambire wallet, targeting advanced users. Kohaku is being co-developed with well-known teams such as Ambire and Railgun, and is an open-source project, allowing developers to contribute code via GitHub. Its main goal is to reduce wallets' reliance on centralized services for traceable transactions, including features such as private sending and receiving, and it also plans to use tools to add social recovery options. In the long term, the team is committed to elevating wallet security to the device level and creating a native Ethereum browser to ensure secure user interactions.
- 12:42Research: The scale of crypto assets related to illegal activities and accessible to law enforcement has exceeded $7.5 billion, and countries may follow the US in seizing them as reserves.BlockBeats News, October 9, according to Bloomberg, Chainalysis research shows that cryptocurrency assets related to illegal activities and "on-chain" within the reach of government law enforcement agencies have exceeded $75 billions. Governments around the world may learn from the U.S. approach of confiscation as reserves. U.S. Treasury Secretary Scott Besant stated in August this year that the United States has currently confiscated about $15 billions to $20 billions worth of bitcoin. Chainalysis found that by 2025, the on-chain balance of illegal entities will be close to $15 billions, and downstream wallets (with at least 10% of funds coming from crime) hold more than $60 billions. Cryptocurrencies controlled by darknet market administrators and vendors exceed $40 billions. Of the $15 billions directly held by illegal actors, bitcoin accounts for about 75%. Together with ethereum and stablecoins, this figure has surged 359% compared to five years ago. Downstream wallets show a similar trend, with darknet-related wallets having a compound annual growth rate of over 200%. However, whether authorities can actually seize these $75 billions remains in doubt. Although law enforcement agencies have significantly intensified their crackdown on cryptocurrency crime in recent years, the skills, international cooperation, and funding required to identify, track, and confiscate criminals' digital assets are still a major challenge.
- 12:42Federal Reserve "No. 3" Strongly Supports Further Rate Cuts: Prefers Protecting Employment Over Fearing InflationBlockBeats News, October 9, the third-ranking official of the Federal Reserve and President of the New York Fed, Williams, stated that he supports further interest rate cuts this year, despite inflation having deviated from the Fed's 2% target in recent months. His reasoning centers around cracks that have already appeared in the labor market, and Williams hopes to prevent these cracks from deepening further. On Wednesday, Williams said in an interview with The New York Times that he does not believe the economy is on the verge of recession. However, he pointed out that the slowdown in monthly job growth, along with other signs that companies are becoming more hesitant to hire, are causes for concern. Currently, the Federal Reserve is in a dilemma. On one hand, Fed officials do not want to exacerbate the slowdown in the labor market. But they also hope to avoid inadvertently fueling inflation, as tariffs imposed by U.S. President Trump have caused inflation to accelerate again. Williams stated that the Fed has the flexibility to support the labor market because the inflation outlook does not seem as severe as it did earlier this year. Williams said that Trump's tariffs have indeed pushed up the prices of some consumer goods, but he expects that although Trump has imposed new import taxes on products such as furniture and pharmaceuticals, the impact of tariffs on inflation will diminish over time. Williams said: "The risk of a further slowdown in the labor market is something I am very concerned about." He later added that if the economy develops as expected, with inflation rising to around 3% and the unemployment rate slightly above the current 4.3%, he would support "a rate cut this year, but we have to be clear about what that really means." Williams stated that even if a government shutdown leads to a lack of official data, he would not abandon his willingness to take action at the upcoming Fed meeting because of it.