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2026-10-07 · 8 high-impact headlines

BTC$84,463.42Bitcoin−1.35%ETH$2,654.61Ethereum−1.95%USDT$1.00Tether+0.09%BNB$769.57Binance Coin−1.71%XRP$1.47XRP−1.91%USDC$1.00USD Coin+0.01%

Market cap

−1.77%

71

Greed

Headlines

Flash

  1. Bitcoin falls below $84,000.BlockBeats news, October 7th, according to HTX market data, Bitcoin fell below $84,000, with a 24-hour decline of 2.00%.
  2. Bitcoin falls below $85,000.BlockBeats news, October 7th, according to HTX market data, Bitcoin fell below $85,000, with a 24-hour decline of 0.93%.
  3. Pump.fun has sold another 102,400 SOL, bringing its cumulative sales to 5.348 million SOL, cashing out approximately $861 million.BlockBeats news, October 7th, according to Lookonchain monitoring, Pump.fun sold another 102,495 SOL 8 hours ago, worth about $12.41 million. Data shows that Pump.fun has cumulatively sold 5,347,925 SOL, with a total value of about $861 million, at an average selling price of about $161 per SOL. The current SOL price is about $120.07.
  4. Cross-border payment company Conduit sues Tether, seeking to unfreeze $2.76 million in USDT and claim damages.BlockBeats news, October 7 — Cross-border payment company Conduit has filed a lawsuit against Tether in the U.S. District Court for the Southern District of New York, accusing the latter of freezing its USDT worth $2.76 million for more than a year without providing a reasonable explanation or releasing the funds. Conduit is demanding that Tether unfreeze the relevant funds and is additionally seeking at least $2.76 million in damages. Conduit claims that the frozen wallet is equivalent to the company's "operating bank account," and that the freeze stemmed from a Brazilian police investigation into its former client Onix Intermediações. However, Conduit says law enforcement authorities never requested that its funds be frozen, and a Brazilian court also confirmed that Conduit is not under investigation in the case. Conduit also claims that Onix had not used its platform since April 2025, while the wallet involved was created about a month later and never held Onix's funds. The company says the freezing of the funds has affected its business operations, while Tether can still earn returns from the reserve assets corresponding to the frozen USDT.
  5. Survey: Wealthy investors in G7 countries hold about 10% of their portfolios in crypto, most plan to keep increasing allocations.BlockBeats news, October 7 — A latest CoinShares survey shows that among affluent investors in the United States, United Kingdom, France, Germany, Italy, Sweden, and Switzerland, most already hold crypto assets, averaging about 10% of their portfolios. The survey covered 2,230 investors with at least $500,000 in investable assets, with Sweden's crypto asset holding rate at 54%, while the United States, United Kingdom, Germany, and Switzerland were all around 70%. Among investors who already hold digital assets, at least 85% in five of the seven countries said they plan to continue increasing their holdings in 2026, with the United States, United Kingdom, and Germany all reaching 91%. The crypto market decline in February this year also did not significantly weaken investment willingness; among respondents in the seven countries, more people said market sell-offs actually increased their willingness to invest than said it reduced it. The survey shows that long-term appreciation and asset diversification are the main reasons for investing in crypto assets, with only 6% of respondents primarily viewing themselves as short-term traders. Bitcoin remains the most widely held digital asset, with an average of 80% of crypto investors holding BTC; 77% of respondents believe BTC will play an important role in the future global financial system, and 79% support strengthening regulation of the digital asset market. At the same time, about 40% of respondents in Switzerland, France, the United States, and Germany who work with financial advisors believe advisors are too cautious about digital assets. CoinShares said that affluent investors' interest in crypto assets is forming a clear contrast with the cautious attitude of the traditional wealth management industry.
  6. U.S. stocks: Securitize once rose nearly 8%, LG CNS partnership to seize South Korea's security tokenization market.BlockBeats news, October 7th, according to BIT (bit.com) market data, securities tokenization platform Securitize announced the signing of a memorandum of understanding with South Korean technology company LG CNS to explore products such as tokenized funds, stocks, and stablecoins, promoting the adoption of tokenized assets and digital asset infrastructure by South Korean financial institutions. After the news was announced, Securitize (SECZ) rose nearly 8% to about $12.60 in early trading on Tuesday, before the gains somewhat retreated. South Korea's Financial Services Commission last week proposed a regulatory framework for securities tokenization, planning to regulate the issuance and circulation of tokenized securities such as stocks, bonds, and funds starting from February 2027. LG CNS launched a blockchain infrastructure platform during the same period, providing support related to stablecoins and tokenized securities for banks and financial institutions. Securitize has become an important platform in the real-world asset (RWA) tokenization sector, which currently has a market size of about $40 billion. As traditional financial institutions accelerate their exploration of on-chain stocks, the scale of tokenized stocks has grown 10.6% over the past 30 days, reaching about $3.2 billion. Securitize CEO Carlos Domingo previously stated that even if tokenized stocks achieve a limited degree of adoption, it could significantly expand the crypto market size.
  7. Opinion: The crypto industry is shifting from "creating new assets" to "creating new markets."BlockBeats news, October 7 — Annabelle Huang, co-founder and CEO of Altius Labs, said the focus of the crypto industry's development is gradually shifting from the early creation of new assets such as Bitcoin, Ethereum, NFTs, and meme coins toward building new markets around existing things. Prediction markets, crude oil and gold perpetual contracts on Hyperliquid , and pre-IPO perpetual contracts are building 24/7 trading markets for objects that previously lacked real-time market pricing mechanisms, such as news events, commodities, and private companies. Blockchain is thus not only creating assets, but also expanding the boundary of "what can be priced." Price discovery in traditional finance is often limited by trading hours, access thresholds, and valuation cycles, while on-chain markets can operate continuously and quickly absorb new information, while lowering barriers to participation. Future market participants may focus more on gaining exposure to asset prices rather than actually holding the assets. Huang said that if the crypto industry hopes to become important infrastructure for global price discovery, it will need to focus on improving throughput, latency, liquidity depth, and reliability in the future to support high-frequency trading, risk management, and large-scale capital participation. Therefore, the next stage of the crypto industry may not lie in creating the next new asset, but in building pricing infrastructure for an increasing number of existing assets and events.
  8. ANVL surged over 83% in 24 hours, with its market cap rising to $109.4 million.BlockBeats news, October 7th — possibly influenced by the news that " Peter Thiel's Founders Fund led a $5 million purchase of Anvil governance tokens ," ANVL surged over 83% in 24 hours, now quoted at $0.001242, with its market cap rising to $109.4 million, FDV temporarily reported at $124 million, and 24-hour trading volume of only $415,000. Anvil is based on Ethereum and aims to use digital assets as collateral for financial commitments such as payments and credit. Its research and development company, Anvil Research Labs, has simultaneously launched an SDK to help enterprises and financial institutions integrate the protocol without writing blockchain code. Consensus, Bitcoin.com, and the payments company Flexa have been listed as partners. Currently, ANVL has a total supply of 100 billion tokens, with a circulating supply of about 80 billion. Anvil Network's TVL is approximately $14 million. Unlike traditional DeFi lending protocols, Anvil mainly provides guarantees for financial commitments through on-chain collateralized assets, rather than allowing users to borrow and pay interest.