Bond Volatility Hits Highest Since March While Bitcoin Traders Stay Calm

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure  TL;DRThe MOVE index of U.S. Treasury volatility rose to around 104, its highest level since March.Bitcoins 30-day implied volatility index remained near 37, close to its 2026 low, while the VIX was near 14.The split shows bond traders pricing substantially more uncertainty than Bitcoin and equity options markets.  The supposedly volatile asset is looking unusually calm while the bond market gets nervous.  U.S. Treasury volatility has risen sharply, with the MOVE index climbing from around 80 earlier in the week to approximately 104.  That is its highest reading since March.  Bitcoin options traders, by comparison, are pricing much less turbulence.  Bitcoin Volatility Is Sitting Near Its Yearly Low  Volmexs 30-day Bitcoin implied volatility index, BVIV, has been hovering around 37.  Its 2026 low is approximately 35.  The Cboe VIX, which measures expected volatility in the S&P 500, is also close to its yearly lows around 14.  Those readings create an unusual divergence.  Government bonds are generally treated as one of the safest and most liquid corners of global finance.  Bitcoin is normally expected to produce much larger price swings.  Right now, traders are paying considerably more for protection against changes in Treasury-market conditions while Bitcoins expected volatility remains subdued by

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Upbit-backed GIWA says mainnet is not live, denies RPC leak

GIWA has rejected claims that its mainnet RPC was leaked, saying the Ethereum Layer 2 network has not launched its mainnet.  The project said on X on Sept. 27 that a mainnet RPC leak was impossible because no mainnet has gone live. GIWA told users to “DYOR” and remain alert to false information and scams circulating before launch.  Official GIWA documentation supports the main point of the clarification. The networks mainnet section remains marked as under development, while GIWA Sepolia is available as a public test environment.  FYI, we havent launched our mainnet yet  No possibility of RPC leakage as well since weve never launched it ????‍♂️  “DYOR” and stay safe from FUDs and scams  — GIWA (@GIWA_by_Upbit) September 27, 2026  GIWA mainnet remains under development  GIWAs connection documentation does not provide a mainnet RPC endpoint. Instead, developers can access the GIWA Sepolia testnet through sepolia-rpc.giwa.io, while a separate Flashblocks test endpoint is available for faster transaction preconfirmation.  Both endpoints are rate limited and intended for development and testing, according to the projects network guide. GIWA specifically says its mainnet is “currently under development.”  The same distinction appears in GIWAs smart contract documentation. Its contracts page lists deployed contracts for the Sepolia testnet but leaves the mainnet section marked as

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Why your tokenized stock could stop trading for three months

Buying a tokenized stock sounds as though it should be simple. You pick a company you know, buy a token representing its shares, and hold it in a digital wallet. The appeal is familiar stock investing with some of the convenience of crypto, potentially including trading beyond the hours of a traditional exchange.  Then you encounter a rule saying trading might have to stop for three months, and the idea of always-available stocks needs a little more explanation.  The pause is part of the SECs Sept. 17 framework for experimental Tokenized Securities Venues, or TSVs. Repeat breaches of a stocks trading volume limit trigger it. It applies to that stock on the exchange and its affiliates, rather than to every version of that tokenized stock everywhere.  That distinction is a good place to start understanding the whole product. Owning a token, owning the rights attached to a share, and having somewhere to sell it are three related things that an app can make look like one.  Same company, different ways to own it  Stocks are already largely digital. Buying a share through a broker usually gives you an electronic record of ownership through a chain of financial institutions. Tokenization introduces a blockchain into how that

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Bitcoin hashrate falls to 3-week low as miners cut BTC

Bitcoins seven-day average hashrate has fallen to roughly 915.8 EH/s while miner holdings dropped by 1,530 BTC over one week, according to mining data covering Sept. 20 through Sept. 26.  SummaryBitcoins seven-day average hashrate fell to 915.8 EH/s, its lowest level in three weeks recently.Miner reserves declined by 1,530 BTC in one week to approximately 1.1928 million BTC overall.Bitcoins Puell Multiple rose by 0.24 over the week to reach a reading of 1.13.Mempool data showed network hashrate remained below one zettahash during several late-September sessions this week.Several listed miners have continued selling mined Bitcoin as operating and infrastructure strategies evolve further.  Digital Asset reported that the seven-day moving average stood at 915,844,520 TH/s on Sept. 26, down approximately 34.86 million TH/s from a week earlier. The reading was the lowest since around Sept. 3.  During the same period, CryptoQuant data cited by the report placed miner Bitcoin reserves at 1,192,766 BTC. The balance was 1,530 BTC lower than seven days earlier.  You might also like:  Bitcoin ETFs add $5.3B after Treasury buyback plan  Bitcoin hashrate slips after September recovery  The hashrate reading indicates that less computing power was securing the Bitcoin network on a seven-day average basis than one week earlier.  Hashrate measures the combined computational power miners

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Bitcoin ETFs add $5.3B after Treasury buyback plan

U.S. spot Bitcoin ETFs have attracted about $5.3 billion since the Treasury announced larger long-dated bond buybacks, according to ETF analyst Nate Geraci.  Summary$5.3 billion entered spot Bitcoin ETFs after Treasury announced larger long-dated bond buybacks in August.$2.4 billion flowed into U.S. Bitcoin ETFs during the week ending September 25 alone overall.$999 million entered the funds Monday, ranking as their ninth-largest daily inflow since launch historically.Bitcoin ETF flows turned positive for 2026 after reaching a $5.8 billion deficit during July.BlackRocks IBIT led last week with approximately $1.2 billion in net inflows, market data shows.  Geraci said on Sept. 26 that the funds collected $2.4 billion during the latest week alone, while Mondays roughly $1 billion intake ranked as the ninth-largest single-day inflow since U.S. spot Bitcoin ETFs launched in January 2024.  The rebound has pushed 2026 flows back into positive territory after the group sat nearly $5.8 billion in the red during July. Market data puts year-to-date net inflows near $934 million after the latest five-session run.  Spot bitcoin ETFs have now taken in $5.3bil since Treasury Dept first said it would increase buybacks of long-dated bonds…  Includes $2.4bil just last week.  Mondays $1bil inflow was 9th largest ever.  Inflows now positive for the year after being

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Bitget hacker routes 4 BTC through Wasabi CoinJoin

Some assets linked to the Bitget security breach have entered Wasabi CoinJoin after moving through several blockchains and swap routes, according to blockchain compliance firm AMLBot.  AMLBot said on Sept. 27 that its tracing connected roughly 4 BTC in one CoinJoin round to funds originating from a Bitget-linked TRON wallet. The firm described the activity as an apparent attempt to obscure the movement of stolen assets.  The finding comes after Bitget revised the value of assets transferred to attacker-controlled addresses to approximately $387.5 million. The exchanges official investigation update said the new total includes Zcash and TRON assets that were missing from its initial $351.6 million estimate.  Update: It seems stolen funds from the @bitget hack have started to be laundered through Wasabi CoinJoin (mixer)  Our tracing links ~4 BTC in a CoinJoin round back to a Bitget TRON wallet. The funds were swapped from TRX to USDT, bridged to Ethereum via @USDT0_to, swapped to ~145… https://t.co/8JBaoMM1xp pic.twitter.com/ncTVyeIT3S  — AMLBot (@AMLBotHQ) September 26, 2026  Bitget funds moved through four networks before CoinJoin  AMLBot traced a multi-stage route beginning on TRON. According to the firms account, the attacker first converted TRX into USDT. The funds were then moved to Ethereum through USDT0, an omnichain version of Tether designed

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Pump.fun moves $5.83M in SOL to Kraken

Pump.fun has transferred another 47,994 SOL worth approximately $5.83 million to Kraken as on-chain trackers continue monitoring the launchpads treasury movements.  Lookonchain reported on Sept. 27 that the Solana-based platform moved the tokens to the centralized exchange roughly two hours before its update. The analytics service classified the transaction as another sale and estimated Pump.funs cumulative SOL sales at 5,236,623 tokens worth around $848 million.  At an estimated average price of $162 per SOL, the cumulative figure extends a pattern of large transfers from Pump.fun-linked wallets to Kraken. The latest blockchain movement confirms that the assets reached the exchange, although an exchange deposit by itself does not establish whether every token was sold after arrival.  SOL was trading near $121 on Sept. 27, according to CoinGecko market data, up roughly 1% over 24 hours and 11.6% over seven days.  Pump.fun SOL transfers to Kraken continue long-running pattern  Pump.fun has periodically moved large batches of SOL generated through its platform to Kraken, with on-chain analysts tracking the transactions since 2024.  In May, Lookonchain reported that the platform had sold around 4.47 million SOL for approximately $780 million at an average price near $175. The tracker said 4.20 million SOL had been deposited into Kraken, while 264,373 SOL

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Citi says 77% of institutions eye tokenized collateral

Citi has found that 77% of financial institutions expect to use some form of tokenized collateral during 2026 as banks and market operators move blockchain-based settlement into live environments.  SummaryCiti says 77% of institutions expect to use some form of tokenized collateral during 2026.About 25% of collateral remains idle or unremunerated because operational frictions limit efficient asset mobility.Tier 1 institutions could lose roughly $346 million annually from inefficient collateral use, Citi estimates today.DTCC plans to launch its tokenization service in October after completing live production trades successfully.Tokenized cash, money market funds and government bonds are emerging as primary institutional collateral forms.  The banks Sept. 24 report, Digital Collateral: A Practical Reality, prepared with The ValueExchange, examines tokenized cash, money market funds, government bonds and other assets used for margin and financing. Citi said institutions are moving beyond testing toward practical collateral applications.  The report places the change against a costly problem in traditional markets. Large financial institutions manage substantial pools of collateral spread among custodians, clearing houses and counterparties, but settlement hours and fragmented systems can prevent assets from moving when needed.  Citi‘s published findings say as much as $15 billion of collateral can remain idle at an individual institution, contributing to roughly $346

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Ex-CFTC leader to leave Blockchain Association after CLARITY vote fails

Update (Sept. 25, 10:20 pm UTC): This article has been updated to clarify Kristin Smiths role with the Solana Policy Institute.  Summer Mersinger, formerly a commissioner with the US Commodity Futures Trading Commission (CFTC), will step down as CEO of the Blockchain Association and leave the advocacy organization at year‘s end after one of the group’s legislative priorities faced a significant setback in Congress.  On Friday, the Blockchain Association (BA) announced that Mersinger would step down as CEO on Oct. 16, when the groups former chief executive, Kristin Smith, would return to lead the organization as interim CEO in addition to her existing role as president of the Solana Policy Institute. Mersinger joined the Blockchain Association in June 2025 after leaving the CFTC three years before her second term as a commissioner was scheduled to end.  “I came here from the CFTC because I believed this industry deserved clear rules of the road and a credible, unified voice making the case for them in Washington,” said Mersinger on her departure from the BA.  The organization cited Mersingers efforts to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, as well as helping to provide “regulatory clarity at the [Securities and

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Saylor outlines ‘bill of digital rights’ to help build prosperity in future economy

Michael Saylor, co-founder of Strategy, said that an age of digital assets and intelligence needs a “bill of digital rights,” rather than restrictions.  An age of AI can increase production, but it needs better money and capital markets to realize its potential, according to an essay that Saylor, executive chairman of worlds largest corporate Bitcoin holder, posted on X Saturday.  A useful framework for digital assets should establish five fundamental rights, or freedoms, Saylor wrote.  These rights include (1) the freedom to create new digital assets and (2) to issue them to the market to finance business and productivity. They also include (3) the right to hold them or choose a custodian, as well as (4) to transfer them, to move the assets among people, companies, wallets and service providers. Finally, (5) to use them, to spend, invest, earn income and borrow against digital assets.  Related: Strategy became a symbol of the dot-com crash: Could history repeat?  These rights should apply to both people and companies, Saylor wrote. “An assets value depends on what its owner can do with it. Restrict its usefulness, and you restrict its economic potential,” he said.  As digital intelligence will automate jobs and make many products obsolete, future prosperity will depend

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