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ETH $2.5K · US government moves $770M Bitcoin to Coinbase Prime ‌ ‌ ‌ ‌ ‌
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Coin Mornings
Your daily crypto, before coffee.
Issue #117 · Thursday, October 8, 2026
Market mood  Greed · 64/100  ▼ from 71 yesterday
Bitcoin and Ethereum both declined 1.5-1.6% as Treasury yields rose and risk assets faced broader pressure, while regulatory and institutional moves shaped the week.
 
 

☀  The Numbers

Bitcoin (BTC)$82,462  -1.5%
-1.3% this week
Ethereum (ETH)$2,537  -1.6%
-5.2% this week
Total crypto market$2.79T  -4.2%
BTC dominance 59.3% · BTC 35% below its all-time high

☀  The Movers

Top gainers (24h)

JUP Jupiter+16.2%
ALGO Algorand+14.1%
BTW Bitway+11.4%
RAY Raydium+8.4%

Top losers (24h)

PUMP Pump.fun-8.8%
VVV Venice Token-7.3%
ZEC Zcash-6.9%
SKY Sky-6.3%

From the top 100 coins by market cap.

☀  The Read

Where the chart sits — description, not prediction

Bitcoin is trading above both its 50-day ($80.3K) and 200-day ($71.7K) averages — the longer-term trend reads as up. Over the past 30 days it has traded between $75.6K and $86.6K; today's price sits in the middle third of that range. RSI(14) is 40 — momentum remains weak.

See all nine coins on the daily markets page →

☀  The Brief

 US government moves $770M Bitcoin to Coinbase Prime

Federal authorities transferred 9,261 Bitcoin, including newly discovered seized funds, to Coinbase Prime custody. This is a significant institutional custody arrangement for government-held crypto. (Cointelegraph)

 EU regulator orders crypto firms to exit non-compliant stablecoins

ESMA gave European crypto companies three months to stop supporting stablecoins that don't meet the new MiCA regulation, affecting how crypto platforms operate in the EU. (Cointelegraph)

 Greece sets 10% capital gains tax on cryptocurrency

A draft bill would tax crypto gains at 10% while exempting the first €500 annually, reflecting Europe's ongoing effort to standardize crypto taxation across member states. (Decrypt)

 Standard Chartered expands crypto custody to Singapore institutions

The bank will offer institutional crypto and real-world asset custody in Singapore, subject to regulatory approval, signaling mainstream banking expansion into regulated crypto services. (CoinDesk)

Partner

Crypto taxes, untangled.

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Crypto 101

What is leverage trading?

Borrowing to amplify a position — 10x leverage turns a 10% move against you into a total loss ("liquidation"). It's how most new traders lose everything quickly.

“Dollar-cost averaging beats market timing for most people, most of the time.”

Coin Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Crypto is volatile — never invest more than you can afford to lose. Some links are affiliate links; we may earn a commission at no cost to you. Prices via CoinGecko, sentiment via alternative​.me, captured shortly before send.

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