SEC Approves 3x Leveraged Ethereum and Bitcoin ETPs

Layer-1 blockchain Sui is launching Hashi, a protocol allowing Bitcoin to be used as collateral without moving it off the Bitcoin network. The system debuts with $500 million in commitments from 20+ partners, targeting $1 trillion in dormant Bitcoin. Hashi will enable lending, borrowing, and real-world asset trading using hBTC vouchers on Sui.

Glassnode reports 31.2% of Bitcoin's supply (6.26M BTC) is in addresses with exposed public keys, up from 24.8% in 2021. This could pose a quantum-attack risk. Address reuse and certain transaction structures contribute to the exposure, with 57% of exchange-held Bitcoin affected.

Thailand's SEC approved Bitcoin (BTC) and Ethereum (ETH) ETF listings on the Stock Exchange of Thailand (SET) starting Oct. 16. Regulations require passive management, 80% asset exposure, and investor protections. Existing funds can invest in Thai ETFs, but overseas products are restricted. The move aligns with global trends and prioritizes investor safety.

Bitcoin miners' daily revenue rose 78% to $48M as BTC recovered 45% from July lows, per CryptoQuant. Hashprice hit $40, its highest since January, but rising mining difficulty could threaten gains if BTC falls toward $80K. Miners' financial position improved, with revenue now covering network difficulty costs, but remains vulnerable to price declines.

Bitcoin rose to $82,000 after Donald Trump's remarks on Iran, easing market concerns. Analysts note key levels for continued rally: holding above $82,000 and breaking $83,300 and $85,500. Ethereum and other altcoins also recovered some losses. Oil prices fell from recent highs.

Ether traders faced $356M in liquidations over 24 hours, exceeding bitcoin's $298M despite a smaller market value. Total crypto liquidations reached $1.19B, with most being long positions. Bitcoin rebounded to $82,200 after political news, causing $25M in liquidations, mostly among bearish traders.