Axel Adler Jr: Long term Bitcoin holders have been consistently profitable since 2023

19 million THEOs were issued in the Base network, and hackers exchanged them for 700.8 ETH, worth approximately $1.76 million, and crossed the chain to Ethereum. THEO has fallen 92% in the past 24 hours.

[K33 Research States U.S. Government's Transfer of 17,700 BTC is a Custodial Operation] K33 Research analysis suggests that the U.S. government’s transfer of 17,733 BTC to Coinbase Prime this week is a custodial operation rather than a sale. This transfer includes 12,267 BTC related to the Bitfinex hacking incident, reducing the government-labeled holdings from 324,527 BTC to 306,795 BTC. When including unlabeled wallets, the total BTC transferred to Coinbase Prime amounts to 21,500 BTC. Additionally, approximately 1,200 BTC from FTX and HashFlare were transferred simultaneously, and around 15,000 BTC related to Bitfinex claims were transferred within two days. (Source: K33 Research)

A large investor transferred 5170 ETH to Tornado Cash. The investor had previously opened a position of 5147 ETH at an average price of $1886.7 on August 12-13, with a current floating profit of $3.056 million.

[Bank of Japan Inclined Not to Raise Rates in October, Keeps December Hike Possible] Bank of Japan officials are inclined not to implement consecutive rate hikes this month but are keeping the possibility of a rate hike as early as December on the table. BOJ officials believe there is no need for consecutive rate hikes in the absence of signs of a sudden rise in inflation risks. The BOJ will assess economic data to evaluate whether a new round of rate hikes can be initiated at the December meeting. The final policy decision for the October 30 meeting remains uncertain. Last month, BOJ Governor Kazuo Ueda's policy committee raised rates to 1.25%. Bessent has called for Japan to continue advancing policy normalization to support a stronger yen. (Source: Jin10)

[JPMorgan Chase and Goldman Sachs Underwrite Volta AI Loan, Only Underwriting $1.3 Billion] JPMorgan Chase and Goldman Sachs spearheaded a $5 billion loan underwriting deal for Volta AI, underwriting only $1.3 billion of the term loan to mitigate risk. The funds will be used to cover Volta's leasing fees for Bitdeer data centers (Source: Bloomberg).