October Weekly Update #4 October 19th to 25th Recap ▫️Strategy repurchased $193M of STRC, acquired 267 BTC, & increased Digital Credit Securities Repurchase Program to $3B ▫️Russia’s largest bank Sberbank secured approval to trade crypto ▫️Strive acquired an additional 1,223 BTC for $100M, taking total holdings to 36,818 BTC ▫️ OCC debuted final rule implementing Trump-signed GENIUS Act ▫️China moved to seize 61,800 BTC tied to $5.7B fraud scheme ▫️Mt. Gox extended creditor repayment deadline to October 31, 2027 ▫️Swiss regulator FINMA approved country’s 1st spot BTC ETF for retail investors ▫️Kaiko data showed that 1 year after the October 10, 2025 $19B liquidation crash, BTC perp OI still ~16% below pre-crash levels in BTC terms & 20% less leverage per dollar of market depth ▫️Data from Grayscale showed that BTC’s volatility has declined to 43% over the past year, from an average of 64% over the past 10 years. It is now lower than that of 19% of S&P 500 constituents ▫️Data from the Block showed that in Q3 2026, stablecoin transfers averaged over $400M per hour. 73% of screened stablecoin transfer volume over the 12 months ending July 31 occurred outside U.S. banking hours ▫️Data from RWA xyz showed that Franklin Templeton leads tradfi with $2.56B in tokenized assets, followed by BlackRock at $2.2B ▫️BlackRock filed for BTC ETF offering downside protection & upside exposure to IBIT ▫️Visa entered talks to acquire crypto custody firm Fireblocks for around $2.5B ▫️Andreessen Horowitz revealed dropping of 'crypto' from name of flagship blockchain fund, rebranded to 'a16z frontier' ▫️Bitmine acquired 10,452 ETH worth over $24.6M taking total holdings to 6.05 ETH & $15B of crypto + cash ▫️Data from ARK showed that in Q3, network revenue rose ~24% to ~$349M (driven by Robinhood Chain's $51M debut & surges in SOL, BNB Chain) ▫️Aerodrome led tokenized-stock trading on Base, with $1.9B in DEX volume over the past 90 days, about 83% of the $2.3B total ▫️Data from Artemis showed that Staked ETH has reached a record 36.4% of the total supply, rising 6.55% since the start of 2026 ▫️ETH delayed Glamsterdam test after security devs flagged risk to existing contracts ⏫ Bitcoin Weekly High: $84,741 ⬇️ Bitcoin Weekly Low: $79,165 ⏫ Ethereum Weekly High: $2,520 ⬇️ Ethereum Weekly Low: $2,290 October 26th to November 1st Upcoming Events October 28th - FOMC rate decision🇺🇸 October 29th - FF, $20M token unlock 🔓 October 29th -US GDP print/ Inflation announcement 🇺🇸 October 31st - Lisk Chain Shutdown 🛑 November 1st - M, $52M token unlock 🔓 November 1st - SUI, $13M token unlock 🔓 *Nota Bene Crypto markets slipped modestly over the week, with BTC closing down 1.1% WoW at $80,563 & ETH shedding 2.3% to $2,342 as macro headwinds, chiefly Trump's comments on potential Iran military action & Brent crude hitting its highest level since March broadly weighed on risk assets. US BTC ETFs experienced around $301M in net inflows, snapping a 2 -week losing streak, though end of week outflow sessions including a $635M on Thursday left October's cumulative ETF balance in the red at -$175M. US ETH ETFs saw outflows worth $220.7M. The digital asset landscape continues to evolve quickly across multiple jurisdictions, with HSBC's Hong Kong dollar stablecoin launch & Southeast Asia's BLOOM initiative signaling growing institutional comfort with stablecoin rails, even as the SEC flags tokenization as a high-risk examination priority for 2027. Looking into next week, the calendar is dense with market-moving macro prints & Wednesday's FOMC decision will be the headline event, followed closely by Thursday's GDP & PCE reads. With BTC hovering near its $81.5K ETF cost basis, the directional outcome will hinge heavily on whether the data supports a dovish pivot narrative or reinforces higher-for-longer expectations.

October Weekly Update #3 October 12th to 18th Recap ▫️Strategy acquired 250 BTC for $21.5M & repurchased $192M of STRC ▫️Russia’s largest bank Sberbank secured approval to trade crypto ▫️Strive acquired an additional 2,822 BTC for $235M, taking total holdings to 35,595 BTC ▫️ MSCI finalized index exclusion rules putting Strategy, Metaplanet, & Upexi at risk of removal ▫️JPMorgan estimated $50B has flowed into crypto this year as momentum improves into Q4 ▫️Trezor cut resellers after supply-chain incidents, stressed no device compromises ▫️Turkish Interpol arrested Richard Heart, founder of Hex & PulseChain ▫️Data from the Block showed that governments hold about 646K BTC, or 3% of supply. The US has 328K BTC (~$27B), ahead of China at 190K (~$16B) & the UK at 61K (~$5B) ▫️Data from River showed that Strategy & Strive added 197k BTC so far this year, accounting for over 100% of net business purchases. As of October, Strategy alone holds 848,000 BTC, over 50% of business BTC holdings ▫️Binance US began $100M raise to expand its crypto business ▫️Sui Foundation invested $30M in DATA Network as AI data protocol migrates to Sui ▫️Kraken parent Payward announced plan to acquire EU-regulated Saldo Bank ▫️Bitmine acquired 12,535 ETH worth over $29M taking total holdings to 6.04M ETH & $15.1B of crypto + cash ▫️PancakeSwap proposed 88% LP fee share & 69% CAKE emissions cut ▫️Data from The Block showed that DEX spot volume hit ~25% of CEX volume in September, up sharply from ~18% a year ago ▫️Aave v4 deposits hit $1.08B, up 68% in 30 days, with $417M in active loans ⏫ Bitcoin Weekly High: $84,135 ⬇️ Bitcoin Weekly Low: $79,780 ⏫ Ethereum Weekly High: $2,570 ⬇️ Ethereum Weekly Low: $2,337 October 19th to 25th Upcoming Events October 20th - ZRO, $45M token unlock 🔓 October 21th - Solana Alpenglow Mainnet Launch 🚀 October 25th - H, $15M token unlock 🔓 October 25th - XPL, $17M token unlock 🔓 *Nota Bene Crypto markets took a step back last week, with BTC sliding 2.4% WoW to $81,080 at the time of writing, while ETH shed 5.1% to trade at $2,377. Altcoins bore the brunt of the selling with CC down 21%, QNT -22%, ENA losing 20%, & PUMP dropping 25%. Institutional flows continued to weigh on sentiment, with US BTC ETFs recording $228.6M in net outflows as ETH ETFs experienced $320.1M worth of outflows. October has so far been a notably disappointing month for what markets had hoped would be a seasonal tailwind. On the macro front, BTC found brief footing above $80K after Fed Governor Warsh stopped short of signaling further rate hikes, though broader risk appetite remains fragile. Regulatory storylines remained active, with the GENIUS Act controversy deepening following WSJ reporting on Bo Hines' financial ties to the bill's passage, while crypto PAC spending against Sherrod Brown surpassed $52M ahead of the Ohio Senate race. Looking into next week, with no major crypto-specific catalysts on the calendar, price action will likely be dictated by macro sentiment & any follow-through on the altcoin weakness seen this week; BTC's ability to hold the $80K level will be the key technical line to watch.

October Weekly Update #2 October 5th to 11th Recap ▫️Strategy reported $21B gain on digital assets in Q3 2026; acquired 334 BTC & repurchased $176M of STRC ▫️Ledger confirmed hardware implant linked to reseller CryptoBilis, with estimated losses potentially exceeding $86M ▫️Strive acquired 2k BTC for $169M as total holdings hit 29,462 BTC ▫️US Treasury withdrew proposed crypto surveillance rules targeting unhosted wallets & crypto mixing ▫️Tom Lee's Bitmine announced plan to stop buying ETH at 5% supply cap, roughly 100k ETH away ▫️CFTC proposed 1st formal crypto market rules, scrapping enforcement-only approach with new CTX & CAM regulations ▫️XRP Ledger patched decade-old bug that could create billions of dollars in XRP ▫️Crypto exchange OKX secured institutional backing at $25B valuation from StanChart, Circle ▫️Metaplanet revealed to have sold 10k BTC in Q3 before buying back 11k BTC to ‘demonstrate liquidity’ ▫️Data from Cryptoquant showed that BTC gained 24.5%, 44.9% & 92.3% in the 12 months after the 2014, 2018 & 2022 US midterms ▫️DWF Labs-linked firms sued BitGo for $141M over alleged token lock-up breach ▫️Onchain credit vault business Hare received $100M funding from crypto trading giant GSR ▫️Spiko raised $90M to expand tokenized cash funds across markets ▫️Bitmine acquired 12,532 ETH worth over $31M taking total holdings to 6.03M ETH & $16.2B of crypto + cash ▫️Data from DeFiLlama showed that September was the best month for Holders Revenue since Nov 2025. Month over month growth was driven by HYPE (+$12.8M), AERO (+$10.3M), & UNI (+$6.2M) ▫️Data from Artemis showed that the monthly trading volume on spot DEXs reached $296B in Sept, the highest monthly volume recorded since Oct 2025 ▫️Data from Blockworks showed that ETH & its L2s hold $1.14B in tokenized stocks outside exchange wallets, more than SOL's $660M or BNB Chain’s $440M of non-custodial supply (BNB’s $1.14B total is mostly in exchange custody) ⏫ Bitcoin Weekly High: $86,673 ⬇️ Bitcoin Weekly Low: $80,464 ⏫ Ethereum Weekly High: $2,731 ⬇️ Ethereum Weekly Low: $2,413 October 12th to 18th Upcoming Events October 15th - STRK, $10M token unlock 🔓 October 16 - Thailand BTC & ETH ETF trading goes live on the Stock Exchange of Thailand 🇹🇭 October 16th - ARB, $17M token unlock 🔓 October 17th - CRO, $70M token unlock 🔓 *Nota Bene Crypto markets had a rough week across the board, with BTC closing 2.5% down WoW at $83,663 at the time of writing after briefly dipping below $81,000 mid-week as speculative traders moved 55K BTC to exchanges amid roughly $1.1B in liquidations across the broader market. ETH fared worse, shedding 7.2% WoW to $2,532. Sentiment was weighed down by the Ledger hardware implant disclosure, which rattled retail confidence in self-custody infrastructure. October's ETF outflow picture also deteriorated meaningfully, with US BTC ETFs losing $244M on Thursday alone as a total of 678.9M in outflows took place over the week. ETH ETFs extending their outflow streak to 8 consecutive sessions as they saw $542.2M worth of outflows, with both BTC & ETH ETF net outflows moving towards $1B for the month. On the regulatory & macro front, the week carried several threads worth tracking, the CFTC's proposed prediction market rules, ongoing Cantor Fitzgerald-Tether scrutiny from Senate Democrats, & the Trump administration's $6B science initiative including a $215M quantum computing competition all underscored how deeply AI & quantum risk narratives are bleeding into crypto policy discourse. Looking ahead to next week, Thailand's ETF launch is the most concrete crypto-specific catalyst on the calendar, though the absence of major news means price direction will likely hinge on whether the current technical support around $82K-$83K holds or gives way to further liquidation pressure.