- Bitcoin rose to $83,349.20 today, up over 2% for the week too.
- Ledger confirms hardware implants on CryptoBilis-sold wallets steal seeds.
- South Korean stocks and Bitcoin rebound after Tuesday’s sharp selloff.
The global crypto market cap rose 1.2% to $2.91 trillion over the past 24 hours. Bitcoin traded at $83,349.20, up 2.3% on the day and down 2.7% over the past week, rebounding after briefly falling below $81,000 during Tuesday’s selloff.
Ethereum changed hands at $2,504.60, up 3.5% in 24 hours and down 7.1% over seven days. BNB rose 2.4% to $744.25, down 4.6% weekly. XRP gained 3.7% to $1.37, falling 8.6% over the week. Solana rose 4.2% to $107.59.
Trending Searches
Doge Pepe led trending searches, up 118.6% to $0.025511. Optimism followed, up 5.9% to $0.162, and Pearl rose 20.3% to $1.86. Among top gainers, Doge Pepe topped the list at 118.6%, Gains Network climbed 109.9% to $0.7455, and Quack AI rose 45.5% to $0.04592.
Ledger Confirms Hardware Wallet Tampering
Ledger confirmed that hardware wallets sold through Southeast Asian distributor CryptoBilis had unauthorized hardware components implanted inside the device casing, capable of reading screen content, decoding 24-word recovery seed phrases during setup, and exfiltrating them via an embedded eSIM over LTE.
Ledger said all confirmed fund losses trace back to CryptoBilis-sold devices, with no evidence its own infrastructure was compromised.
South Korean Markets and Bitcoin Stabilize
South Korea’s KOSPI fell as much as 5.5% on Tuesday, down roughly 38% from its June record, with Samsung Electronics and SK Hynix dropping about 7% and 10% respectively after ChangXin Memory Technologies announced a 4F² architecture breakthrough in memory chip design, a threshold Samsung and SK Hynix have not reached.
Bitcoin fell below $81,000 before rebounding above $84,000 and settling near $83,000. Chicago Fed President Austan Goolsbee warned that AI-driven price pressures are spreading beyond data centers into the broader economy, potentially forcing the Fed to hold tighter policy for longer.
OpenAI Security Incident
OpenAI discovered a hidden, sophisticated recording device in one of its offices, using its own models to trace its origin to an employee who had installed it days earlier. The matter was referred to the FBI, which made an arrest; OpenAI said there is no indication the individual accessed model weights, source code, or customer data, and the employee has been terminated.
Treasury Market and Fed Signals
New York Fed President John Williams said one more rate hike this year may be appropriate but saw no current need for further hikes in 2027, arguing inflation should slow next year as tariff and energy shocks fade. Fed’s Collins separately said she expects “further” hikes before year-end, noting data center construction is pressuring inflation data.
The CME FedWatch tool put the probability of a hold in October at 77.3%. Bridgewater founder Ray Dalio warned that expanding bond supply is pushing yields higher in a self-reinforcing cycle that will raise borrowing costs and inflate government debt further.
Whale Activity: BTC-to-ETH Rotation Continues
A mysterious whale sold 1,074 BTC worth roughly $89.5 million over three days and bought 36,159 ETH worth about $90.6 million, continuing a pattern of rotating from Bitcoin into Ethereum.
A whale/institution that accumulated 52,000 ETH via Galaxy Digital’s OTC desk between July and September fully liquidated the position, netting a $24.49 million profit after buying at an average price of $2,161 and selling at roughly $2,632.
Related: Strive Adds 3,311 Bitcoin as $208M in Warrants Get Exercised
Institutional and Corporate Moves
Michael Saylor said Bitcoin has bottomed and is entering a bull market, forecasting a return above $100,000 and 20-30% annual growth over coming years, while criticizing MSCI’s proposed index rule changes that could exclude Strategy from global equity benchmarks; a decision was expected Friday.
Strive announced plans to raise $500 million through a new SATS perpetual preferred stock offering with a 15% fixed annual dividend. Nvidia CEO Jensen Huang said the company will announce a $20 billion AI investment in Europe next week during a Paris stop on his European tour.
Related: Bitcoin Price Analysis: BTC Eyes $87K as Reported $43M Buy Orders Fuel Whale Trap Theory
Legal Developments
BitMEX was sued by former investor Lewis Barber in the UK High Court for £20 million, alleging the exchange offered unauthorized derivatives to UK users between 2018 and 2022. Anthropic filed for a rehearing of its appeal over the Pentagon’s “supply chain risk” designation, arguing the court overlooked evidence the designation was retaliatory for its AI safety advocacy.
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