Crypto headlines — October 11, 2026
1. US government moves 9,261 seized Bitcoin (about $770M) to Coinbase Prime
The US government transferred 9,261 Bitcoin worth roughly $770 million to Coinbase Prime over two days, drawing on funds from past crypto forfeiture cases. About half traces back to the Bitfinex hack recovery, with another portion linked to known Binance seizures. Notably, 2,456 BTC came from previously unlabeled wallets — Galaxy Research believes these may represent fresh law enforcement seizures. While big government transfers spark sell-off speculation, a March 2025 executive order bars the sale of seized Bitcoin, earmarking it for the Strategic Bitcoin Reserve instead.
2. ESMA gives EU crypto firms three months to drop non-MiCA stablecoins; USDT in the crosshairs
The European Securities and Markets Authority has instructed EU crypto-asset service providers to wind down all exposure to non-MiCA-compliant stablecoins by January 8, 2027, across every service line including trading, custody, and transfers. The guidance names no tokens, but USDT — the largest stablecoin by market cap — lacks MiCA authorization and is squarely affected. During the wind-down, platforms may only offer exit services like selling, converting, and withdrawing — no new purchases or position increases. EU users holding USDT should start planning their migration sooner rather than later.
3. Crypto ETFs post $1.29B in weekly outflows as Bitcoin and Ether lead the exit
Crypto ETFs reversed course over the past week, with Bitcoin and Ether funds leading a combined $1.29 billion in net outflows. Traditional money kept pulling back from crypto exposure as institutions turned defensive on surging bond yields and oil prices. ETF flows are a leading read on institutional sentiment: steady inflows signal returning risk appetite, while outflows like these suggest patience is the better position for now.
4. Bitcoin breaks below $83K to a one-month low as the flash-crash anniversary nears
Bitcoin fell below $83,000 mid-week, touching near $80,000 for a one-month low, while ETH, XRP, and SOL posted even steeper declines — SOL dropped double digits over the week. The sell-off was fueled by spiking Treasury yields and oil prices, plus caution ahead of the one-year anniversary of last October's flash crash. Technically, the $81,000–$83,000 zone is the line in the sand: holding it opens a bounce toward $84,000+, losing it risks a slide toward $78,000 support. Volatility is extreme — keep leverage tight on futures.
5. Circle and Tereina bring USDC and EURC into SAP enterprise payments
Stablecoin issuer Circle and SAP-backed payments firm Tereina have partnered to embed USDC and EURC into SAP Pay, the payments capability inside SAP Cloud ERP. Eligible businesses will be able to send and receive stablecoins — USDC for dollar workflows, EURC for euro ones — right inside the finance software they already use, with no separate crypto payments stack. With the SAP ecosystem said to touch 84% of global commerce, this is a major step toward stablecoins entering real corporate treasury flows. For now the focus is on proof-of-value programs and customer training rather than a full rollout.
Compiled from public reporting, for reference only — not investment advice. Crypto is risky; do your own research.