- Bitcoin rose to $81,638.87 today, roughly flat against last week’s level.
- South Korea’s KOSPI closed down 7.56%, triggering a circuit breaker.
- US September PPI surged 6.3% annually, far above forecasts.
The global crypto market cap rose 1.0% to $2.86 trillion over the past 24 hours. Bitcoin traded at $81,638.87, up 0.5% on the day but roughly flat on the week at 0.1%, after briefly falling below $80,000 for the first time in nearly a month.
Ethereum changed hands at $2,423.55, up 1.1% in 24 hours and down 1.7% over seven days. BNB held flat at $724.99. XRP gained 0.9% to $1.32, down 4.0% over the week. Solana rose 1.2% to $104.55, down 3.8% over seven days.
Trending Searches
IGNITION led trending searches, up 83.6% to $0.018218. streamoors followed, up 1227.6% to $0.025291, and Injective rose 18.8% to $8.99. Among top gainers, streamoors topped the list at 1227.6%, Cortex climbed 124.1% to $0.072941, and IGNITION rose 83.6%.
South Korean Market Rout Deepens Further
The KOSPI closed down 7.56% at 5,554.27 points on Thursday, having fallen more than 9% intraday and triggering a circuit breaker for the tenth time this year. SK Hynix initially closed down 11.06% and Samsung Electronics fell 9.48%. South Korean financial regulators held an emergency meeting that afternoon, after which the decline narrowed somewhat.
Japan’s Nikkei 225 also closed down 4.90%. South Korea’s Finance Ministry said it would closely monitor whether the volatility spreads to bond, foreign exchange and money markets, adding that economic fundamentals remain solid. Both indices opened higher Friday, with KOSPI up 1.8% and SK Hynix and Samsung Electronics both rising over 2%.
US Inflation Data Shocks Markets
September PPI rose 6.3% year-over-year, the highest since May 2026 and well above the 5.3% forecast, while the month-over-month reading hit 1.3% against a 0.5% expectation. Core PPI still rose 0.7% monthly and 5.0% annually, underscoring persistent underlying price pressure.
Retail sales rose 0.8% monthly, also beating expectations. The data pushed the VIX to a two-week high. Despite the hot inflation print, long-end Treasury yields fell sharply, with the 30-year dropping over 14 basis points intraday to 5.385% and the 10-year falling to 5.054%, as markets digested mixed signals.
Related: U.S. PPI Surges 6.3% as BTC Sinks, Gold Rebounds, and XRP ETFs Buck Outflow Trend
Ledger Unveils New Hardware Wallet Amid Ongoing Crisis
Ledger announced development of Ledger Atom, an Android-based device supporting everyday apps like WhatsApp and Instagram alongside a dedicated crypto protection mode with built-in AI assistant OpenClaw, planned for mid-2027 release.
The announcement came as the company’s ongoing CryptoBilis supply chain security incident, involving hardware implants capable of stealing seed phrases, has affected more than 300 wallets with on-chain researchers estimating losses up to $93.2 million.
Irish police’s official X accounts were hijacked and used to promote crypto phishing content targeting XRP claims, with roughly 900,000 combined followers across the affected accounts exposed before the posts were flagged.
Crypto Hack Losses and Market Stress
Security firm Hacken reported 107 crypto hacks in Q3 2026 causing $1.18 billion in losses, with roughly 77% tied to compromised developer tools and infrastructure outside standard audit scope; the Bitget, Liquid Network, Tectonic and Coldcard firmware incidents together accounted for roughly 80% of losses.
Related: Bitcoin to $50K? RomeoTPT’s Market Maker Claim Sparks BTC Debate
CoinGlass recorded $932 million in liquidations over 24 hours Thursday, with longs representing $796 million of the total. US Bitcoin ETFs saw a net outflow of 3,209 BTC and Ethereum ETFs a net outflow of 38,915 ETH in a single day, according to Lookonchain. Derive.xyz founder Nick Forster said the market-priced probability of Bitcoin reaching $100,000 before Christmas fell to 9.7%.
Institutional and Corporate Moves
Strive upsized its SATS preferred stock IPO to 7 million shares at $90 each, expecting to raise approximately $630 million, with closing set for October 20. Ramp completed a $1.85 billion funding round at a $60 billion valuation, just four months after raising at $44 billion.
A Hut 8-linked wallet deposited 1,589 BTC worth $130 million to exchanges over two days, raising questions about potential treasury selling. Binance’s bStocks became the fastest tokenized stock product to surpass $1 billion in assets under management, reaching the milestone in about four months since its June launch.
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