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The FT says the discrepancy arose from investor adjustments intended to compare OpenAI’s revenue with Anthropic’s. OpenAI’s annualized revenue approached $50 billion at the end of September, about $20 billion below the figure previously …

The FT says the discrepancy arose from investor adjustments intended to compare OpenAI’s revenue with Anthropic’s. OpenAI’s annualized revenue approached $50 billion at the end of September, about $20 billion below the figure previously reported by the Financial Times and other outlets, according to investor documents reviewed by the FT. Advertisement The discrepancy reflects differences in how OpenAI and Anthropic calculate annualized revenue. According to a person familiar with the matter cited by the FT, OpenAI investors attempted to adjust its figures to make a direct comparison with its rival. Anthropic includes revenue from sales through cloud partners such as Amazon Web Services and Google Cloud. OpenAI does not include those sales in the same way, the report said. Attempts to adjust OpenAI’s figure upward led to reports that its annualized revenue reached $40 billion in August. OpenAI subsequently told investors revenue had grown more than 70%, leading to the reported $70 billion figure.

Arkham data shows 12,267 BTC moved to a new address; the transfer does not establish a sale. A US government-linked wallet transferred 12,267 BTC worth about $1.01 billion on October 8 from funds seized …

Arkham data shows 12,267 BTC moved to a new address; the transfer does not establish a sale. A US government-linked wallet transferred 12,267 BTC worth about $1.01 billion on October 8 from funds seized in the Bitfinex hacking case, according to Arkham. The transaction occurred at 9:33 a.m. Eastern time. Almost all the Bitcoin went to a new, unlabeled address, with 0.0012 BTC sent to another wallet. Arkham later marked both outputs as spent. Advertisement The funds were part of roughly 94,000 BTC seized in 2022 from Ilya Lichtenstein and Heather Morgan in connection with the 2016 hack. On Wednesday, government-linked wallets also sent about $119 million in USDT and roughly 2,574 BTC worth $215 million to Coinbase Prime through intermediary addresses. Coinbase Prime provides custody services, so those deposits do not confirm sales. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. A March 2025 executive order directed forfeited Bitcoin into a reserve that would not be sold. Arkham estimated government holdings at about 306,795 BTC, worth $24.85 billion at the report’s prices.

STRCx, the on-chain version of Strategy's preferred stock, has surpassed all rivals to become the biggest tokenized equity by market cap. A tokenized version of Strategy Inc.’s preferred stock has quietly climbed to the …

STRCx, the on-chain version of Strategy's preferred stock, has surpassed all rivals to become the biggest tokenized equity by market cap. A tokenized version of Strategy Inc.’s preferred stock has quietly climbed to the top of a fast-growing corner of crypto finance. STRCx, the on-chain representation of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, reached approximately $158.56 million in on-chain assets under management as of October 8, 2026, making it the largest tokenized equity anywhere in the world. What STRCx actually is Think of STRCx as a receipt, held on a blockchain, for a real share sitting in a regulated custody account. Backed Assets (JE) Limited issues the token under its xStocks framework, and each token carries a 1:1 economic exposure to the underlying STRC preferred shares. No synthetic exposure, no leverage, just a tokenized claim on the real thing. The underlying instrument is Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, which trades on the Nasdaq under the ticker STRC. STRCx has recently traded in a price range of approximately $99 to $108, closely tracking the par value of those underlying shares. Advertisement One structural detail that sets STRCx apart from most tokenized equities is how it handles dividends. Instead of distributing cash payouts to token holders, the protocol uses rebasing, automatically reinvesting dividends back into the token. Holders simply wake up with more tokens. Backed Assets operates under regulatory oversight from the Jersey Financial Services Commission and complies with EU and EEA prospectus requirements. The token is not available to US persons under the applicable regulatory restrictions. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. The numbers behind the milestone The circulating supply of STRCx sits at approximately 1.46 million tokens, against a total supply estimated between 2.8 million and 2.87 million tokens. STRCx launched in early 2026, around March, which means it went from zero to the world’s largest tokenized equity in roughly six months. The xStocks platform, which facilitates STRCx trading, is available on multiple blockchains including Ethereum and Solana. Why this milestone is bigger than one token STRCx reaching $158 million in on-chain AUM is evidence that at least one product has cleared the credibility threshold. The main competitor in this space is Ondo Global Markets, which has been building out its own tokenized equity infrastructure. For Strategy Inc. itself, the milestone adds another layer to an already unconventional corporate identity. The company is best known for its aggressive Bitcoin accumulation strategy, which has made it a proxy for Bitcoin exposure in traditional brokerage accounts. Now its preferred stock is also the world’s largest tokenized equity, meaning Strategy’s financial instruments are embedded in both the traditional markets and the on-chain ecosystem simultaneously.

A roughly $11 billion cluster of contracts, heavy on upside calls, makes the October 30 expiry the biggest date on Deribit's calendar About 35% of all Bitcoin options open interest on Deribit is tied …

A roughly $11 billion cluster of contracts, heavy on upside calls, makes the October 30 expiry the biggest date on Deribit's calendar About 35% of all Bitcoin options open interest on Deribit is tied to a single date: October 30. That works out to a notional value of approximately $10.7 to $11.3 billion, all scheduled to settle at 08:00 UTC that morning. For context, that makes it the largest single expiry cluster on the platform. It is bigger than the December 25 contracts, which usually get top billing as the holiday blockbuster of the options calendar. What traders are betting on The single largest strike concentration is the October 30 $95,000 call, which holds roughly 24,000 BTC of open interest. With Bitcoin trading near $86,000, that strike alone represents roughly $2.1 billion in notional value. A call option pays off if the price rises above a set level, so a crowd at $95,000 is a crowd expecting a meaningful move higher. The put-to-call ratio sits somewhere between 0.4 and 0.51, meaning there are roughly two calls for every put on this expiry. Advertisement For the October 30 expiry, max-pain levels are identified at around $78,000 to $79,000. That is below where Bitcoin currently trades, which creates an awkward gap between where buyers want the price to go and where sellers would profit most. How big is this, really Total Bitcoin options open interest on Deribit has been reported in the $29 to $36 billion range. Against that backdrop, a single date holding more than a third of the total is a lot of eggs in one basket. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. The buildup follows a run of large expiries that recently cleared, including those in late September. Once those contracts rolled off, traders began repositioning, and much of that fresh money appears to have landed on October 30. What this means for the market When a huge block of calls sits at a strike like $95,000, market makers who sell options may need to buy more Bitcoin if the price climbs toward that level. That buying can, in theory, push prices further in the same direction. The process can also run in reverse if prices slip and hedges are unwound. The research flags these potential gamma-hedging flows, along with alignment between options and futures positioning, as factors that may influence how Bitcoin trades into the expiry. A market with relatively few protective bets is a market that may not be well cushioned if prices turn lower. Without much downside insurance in place, a sharp move against the crowd could force traders to react quickly, which may amplify volatility rather than dampen it. Bitcoin near $86,000 sits well above the $78,000 to $79,000 max-pain zone. The tension between a crowd of upside bets and a max-pain level several thousand dollars lower is the sort of setup that keeps options desks glued to their screens. A few things are worth tracking as the date approaches. First, whether open interest at the $95,000 strike keeps growing or starts to thin out as traders take profits or roll positions forward. Second, whether the put-to-call ratio stays near its current 0.4 to 0.51 range. Third, how futures positioning evolves alongside the options book, as alignment between the two could reinforce whichever direction the market picks. Once roughly a third of Deribit’s open interest rolls off in a single morning, the hedges tied to those contracts no longer need to be maintained, and the December 25 expiry would then become the next big date on the calendar.

Section 1: The Block’s Global Crypto Competitiveness Index Crypto markets have historically been measured on their trading volume, ownership, or adoption. While these metrics remain important, they speak to demand-side factors rather than the …

Section 1: The Block’s Global Crypto Competitiveness Index Crypto markets have historically been measured on their trading volume, ownership, or adoption. While these metrics remain important, they speak to demand-side factors rather than the environment in w… Section 1: The Blocks Global Crypto Competitiveness Index Crypto markets have historically been measured on their trading volume, ownership, or adoption. While these metrics remain important, they sp…

The league backs New Jersey’s appeal involving Kalshi, citing risks to game integrity. The NFL urged the US Supreme Court on October 8 to hear New Jersey’s appeal seeking state oversight of prediction markets, …

The league backs New Jersey’s appeal involving Kalshi, citing risks to game integrity. The NFL urged the US Supreme Court on October 8 to hear New Jersey’s appeal seeking state oversight of prediction markets, Bloomberg reported. In a filing in Flaherty v. KalshiEX, 26-299, the league warned that limited federal oversight could enable insider trading and undermine game integrity. Advertisement The dispute centers on whether event contracts qualify as swaps under the Dodd-Frank Act, placing them under exclusive Commodity Futures Trading Commission authority, or as gambling subject to state regulation. New Jersey and the NFL support the latter position. President Donald Trump said in May that he supported the CFTC as the sole regulator. Kalshi did not immediately respond to Bloomberg’s request for comment. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. The court could decide as early as December whether to hear the appeal. Seeking the administration’s views would likely delay consideration until the 2027-28 term, according to Bloomberg.

Bitcoin’s odds of recapturing the all-important $100K milestone are currently low, despite the ongoing price recovery setup. The largest cryptocurrency by market capitalization is trading around $84k, down about 2% in the last 24 …

Bitcoin’s odds of recapturing the all-important $100K milestone are currently low, despite the ongoing price recovery setup. The largest cryptocurrency by market capitalization is trading around $84k, down about 2% in the last 24 hours. Prediction markets now assign a 40% probability that Bitcoin will reach the milestone. Many expect a return to that level to mark the shift from a long-term bear market to a long-term bull market. Crypto analyst Ted Pillows tweeted regarding the development: Image Source: X Ted said the odds of BTC reaching $100k in 2026 are even lower. He believes that, based on two key metrics, spot demand and rising leverage, BTC is unlikely to make a decisive move until the end of the year, even though the last quarter is typically the most bullish. He predicted that the current setup will be followed by a price correction and sideways trading around a previous support level. Eventually, bulls will muster enough momentum to make the decisive move. For his part, Ted isn’t entirely bearish on the cryptocurrency right now but believes the digital currency will likely absorb some downward pressure before going on the offensive again. His view contrasts with some analysts who expect a strong end to 2026, which will prime the market for a major early 2027 bull market. They argue that the last three months have been primarily bullish over the years and that is where the market is heading. The Future The $100k debate is heating up because of the ongoing “Uptober” price action, which has historically favored upside. However, the first week of the month has been incredibly slow and somewhat bearish, with nothing to indicate major bullish activity. The furor is dying down, and if the cryptocurrency doesn’t post any bullish price action within a week or so, the market will come under massive pressure. The Uptober narrative is also losing ground because, in the instances where the 10th month has been bullish, September has been largely bearish. This time, September was bullish, and now October is going in the other direction. In any case, the next three weeks will be eventful and are expected to draw traders’ attention.

More than 14,505 BTC in leveraged long bets were wiped out as Bitcoin slipped below $84,000 Leveraged Bitcoin bulls just had their worst stretch in roughly four months. More than 14,505 BTC, worth about …

More than 14,505 BTC in leveraged long bets were wiped out as Bitcoin slipped below $84,000 Leveraged Bitcoin bulls just had their worst stretch in roughly four months. More than 14,505 BTC, worth about $1.17 billion, has been liquidated from long positions, according to data shared on X. That marks the largest long liquidation since early June 2026. How the flush unfolded The damage came during a volatile stretch from October 6 to 8, 2026. Over that window, Bitcoin dropped approximately $1,600 and fell below the psychologically important $84,000 level. Lows during the move ranged between $82,700 and $83,800. The sharpest moment hit on October 6. Bitcoin slid from approximately $85,500 to near $83,800 in about 15 minutes. Advertisement That quick drop set off around $400 million in long liquidations within a single hour. More than 100,000 traders were caught up in the wipeout. Counting the damage Across crypto derivatives, liquidations reached approximately $555 million within 24 hours, mostly from longs. Some estimates put the figure between $696 million and $1.02 billion over broader 24-hour periods. The X data tallies about $1.17 billion in long liquidations alone. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. Live trackers including ByKaranteli and CoinGlass indicated that long positions accounted for over 90% of liquidation totals. The action concentrated on the biggest derivatives venues. Binance, Hyperliquid, and Bybit were the leading platforms during the period, with Binance noted for significant BTCUSDT orders. Big, but not historic Context matters here. A billion-dollar flush sounds dramatic until you compare it with the October 2025 liquidation cascade. That event surpassed $19 billion in liquidations. What this means for traders Several analyses framed the move as a mechanical leverage flush rather than a structural deleveraging. Open interest, which measures the total value of outstanding derivatives contracts, still sits around $150 billion. It saw only modest daily declines after the selloff. Funding rates also remained positive in several analyses. Positive funding means long holders are paying shorts to keep their positions open, a sign that bullish leverage remains the dominant trade.

Bitcoin slid below $81,000 on Oct. 8, with an intraday low near $80,800, even as traders expect the Fed to hold in October. The September FOMC minutes, released Oct. 7, said most participants viewed …

Bitcoin slid below $81,000 on Oct. 8, with an intraday low near $80,800, even as traders expect the Fed to hold in October. The September FOMC minutes, released Oct. 7, said most participants viewed another rate increase by year-end as probable and left decis… Bitcoin slid below $81,000 on Oct. 8, with an intraday low near $80,800, even as traders expect the Fed to hold in October. The September FOMC minutes, released Oct. 7, said most participants viewed…

The outlook for bitcoin and the crypto market is looking up despite the Clarity Act setback as the CFTC and SEC step in with regulations. The post Crypto And The Midterms: What It Will …

The outlook for bitcoin and the crypto market is looking up despite the Clarity Act setback as the CFTC and SEC step in with regulations. The post Crypto And The Midterms: What It Will Take To Reach $100k Bitcoin appeared first on Investor's Business Daily. The outlook for bitcoin and the crypto market is looking up despite the Clarity Act setback as the CFTC and SEC step in with regulations.The post Crypto And The Midterms: What It Will Take To Reach $…