Author: Kelvin Munene
Kelvin Munene
Kelvin Munene is a crypto and finance journalist with over 6 years of experience in market analysis and expert commentary. He holds a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Coincentral. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
Bitwise CIO Matt Hougan sees signs of a possible crypto recovery after its large-cap index surged 46.4% in Q3. Bitcoin ETF inflows reached $6 billion, while tokenized stocks and decentralized trading expanded, raising hopes of a new bull market.
Bitcoin rebounded toward USD 84,000 after falling near USD 81,000, despite over USD 800 million in crypto liquidations and a sharp decline in South Korean tech stocks. The recovery came amid continued Bitcoin ETF outflows, with traders watching the USD 84,000 resistance level and upcoming U.S. inflation data.
Sam Altman-backed Bitcoin insurer Meanwhile has raised USD 37.5 million in funding led by Bain Capital Crypto, bringing its total funding to over USD 180 million. The Bermuda-based company plans to expand its Bitcoin life insurance services across international markets, targeting wealthy clients.
A 66-year-old Pune trader lost Rs. 5.42 lakh after suspects promised daily USDT profits through a fake trading platform. They later demanded Rs. 7.39 lakh to release his funds and stopped responding when he could not pay, prompting a police complaint.
Bitcoin fell 1.13% to USD 82,980.21 as rising Treasury yields, higher oil prices and crypto liquidations pressured prices. Glassnode reported limited fresh buying and increased profit-taking by recent holders, with U.S. inflation data due October 14.
Bitcoin fell 1.29% to USD 84,202.50 as crypto liquidations exceeded USD 400 million in one hour. The decline followed USD 118.86 million in spot Bitcoin ETF inflows on October 6, with traders awaiting the Federal Reserve’s September meeting minutes.
Binance lets eligible users convert supported stocks into bStocks and back at a 1:1 ratio without conversion fees. The tokens support 24/7 trading and withdrawals to compatible wallets, but do not grant direct shareholder rights. U.S. persons cannot access the product.
RBI Governor Sanjay Malhotra said India supports blockchain and tokenisation but remains cautious about cryptocurrencies over risks to monetary policy, currency control and capital flows. He identified central bank digital currencies as a possible option for improving cross-border payments.
SunCrypto offers recurring crypto investments in India, with amounts starting at Rs. 100 for certain assets. Users can schedule weekly or monthly purchases of Bitcoin, Ethereum, and other supported tokens, though the plans remain exposed to price declines and do not guarantee returns.
Myanmar scam networks use fake jobs and investment schemes to exploit victims, moving stolen funds through mule accounts and cryptocurrency. Indian agencies trace banking and digital records, while cross-border cooperation helps authorities identify suspects, freeze assets, and pursue recovery.