Oct 5, 2026 · 8 min listen · Last updated October 5, 2026
From storyflo. This is your daily audio brief. Hey, Dex here. October 5th. What actually moved in crypto — five stories, no hopium. Let's get into it. First, from Cryptobriefing. Bitcoin faces major short liquidation cluster near $90K, Glassnode says.
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Daily Crypto Brief · October 5th
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Bitcoin faces major short liquidation cluster near $90K, Glassnode says
The potential for a major short squeeze near $90K could trigger significant market volatility, impacting Bitcoin's price dynamics and trader strategies. The post Bitcoin faces major short liquidation cluster near $90K, Glassnode says appeared first on Crypto Briefing.
Bitcoin's at a crucial juncture, facing resistance at $87,200, with current trading around $85,468. This level has been a sticking point for bulls, who’ve struggled to maintain a breakout above it. Recent price action shows Bitcoin bouncing from the low $82,000s to this resistance zone, but previous attempts to push higher have met with quick pullbacks.
The backdrop is interesting—just days ago, Bitcoin rallied after disappointing U.S. employment figures, which may have helped it hold gains just under $87,000. The positive funding rates on top perpetual futures exchanges suggest there's bullish sentiment, but it’s not overly exuberant. This could create a healthier environment for a breakout, as excessive long positions often lead to sharp corrections.
So, keep an eye on that $87,200 level; it’s shaping up to be a key point for Bitcoin's next move. For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.
OKX Rushes Into Tokenized US Stocks: Will First-Mover Status Pay Off?
OKX filed with the US Securities and Exchange Commission (SEC) on Sunday to trade tokenized US stocks. The venture plans to start with 63 companies listed on the New York Stock Exchange (NYSE). The SEC opened a five-year exemption for on-chain trading 17 days earlier. However, volume caps and a 30-day issuer objection window could shrink the first-mover reward. Does Moving First on Tokenized US Stocks Matter? The filing came through OKXICE LLC, a joint venture with NYSE owner Intercontinental Exchange (ICE), Bloomberg reported. ICE’s OKX investment valued the exchange at $25 billion.
Spot Bitcoin ETFs see $241M in net inflows for third straight week
Sustained inflows into spot Bitcoin ETFs could stabilize market prices, but concentration in a few funds may mask broader investor sentiment. The post Spot Bitcoin ETFs see $241M in net inflows for third straight week appeared first on Crypto Briefing.
OKX, NYSE parent file to launch tokenized US stock platform
The stock trading platform seeks to offer tokenized shares in more than 60 US-listed companies under the SEC’s recently introduced innovation exemption. An OKX joint venture has filed with the US Securities and Exchange Commission to launch a tokenized stock trading platform. OKXICE LLC, a joint venture between cryptocurrency exchange operator OKX and New York Stock Exchange parent Intercontinental Exchange Inc., has notified the SEC that it intends to launch a tokenized securities venue (TSV) under the SEC’s new innovation exemption.
Crypto bears get squeezed as $113 million in shorts liquidated in 24 hours
The liquidation of crypto shorts highlights the volatility and risks in leveraged trading, potentially leading to further market instability. The post Crypto bears get squeezed as $113 million in shorts liquidated in 24 hours appeared first on Crypto Briefing.
Zcash (ZEC), Bitcoin (BTC), Shiba Inu (SHIB) and Binance Coin (BNB) Price Analysis For October 5: Bears Could Take Control
Zcash (ZEC) is correcting after a strong September, currently around $1,330. Key support sits at $1,280-$1,330, and if it holds, we could see a move towards $1,400-$1,450. A breakdown below $1,280 could lead to further declines. Bitcoin (BTC) is consolidating near $85,000, with resistance at $86,000-$87,000. A daily close above $87,000 could target $89,000-$90,000, while support lies around $83,000-$84,000.
Shiba Inu (SHIB) is testing long-term resistance around $0.0000056-$0.0000057. A sustained breakout could push it to $0.0000062. Binance Coin (BNB) is near $788, facing resistance at $800. A breakout above $805 could lead to $820-$850. For listeners who want low-fee crypto exposure, our markets partner Kraken supports ZEC — link in show notes.
Do You Own Gold, Silver or Bitcoin? Robert Kiyosaki Just Dropped a Hard Truth
Kiyosaki's making waves again, emphasizing that he sees himself as a “financial prepper.” He compares holding scarce assets like gold, silver, and Bitcoin to having insurance—you don’t hope for a crash, but you’re prepared for one. Even though these assets are trading below his earlier targets, he insists they serve as protection against currency debasement, not just a quick profit scheme.
He points out that with the U.S. public debt over $40 trillion and inflation hovering around 3.4%, the purchasing power of cash is eroding. Kiyosaki argues that it’s crucial to hold assets that central banks can’t just print at will. He’s got his eyes set on gold potentially hitting $27,000 and Bitcoin reaching $250,000, but acknowledges that these predictions haven’t materialized yet.
The key takeaway? Treat these assets as a hedge against inflation and currency issues, rather than as trading signals. And while the market's been volatile, the long-term trends for these assets still show promise. For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.
El Salvador’s $666 million Bitcoin reserve survives IMF review
El Salvador just secured $138 million from the IMF, while reaffirming its commitment to limit further state Bitcoin accumulation. They currently hold about 7,794 Bitcoin, valued at roughly $666 million, which has been a point of interest given the government's previous inconsistencies with IMF agreements.
The IMF's latest review allowed for this disbursement despite earlier breaches, but it made it clear that no further public-funded Bitcoin purchases are allowed. They’re okay with the reserve growing through documented donations, but the government needs to tread carefully to stay in line with the program.
The IMF also noted progress in reducing the state's involvement in crypto, particularly with the Chivo wallet, which is now mostly privately operated. However, they still want more transparency around public crypto holdings and better regulations for digital asset providers.
As Bitcoin prices rise, the value of El Salvador's holdings increases, but the government has to be cautious about how it manages those assets moving forward. Future IMF reviews will focus on how they document any changes to their Bitcoin balance while addressing the remaining transparency issues.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.
Illinois backs delay to crypto tax rule after months of industry pushback
Illinois is pushing for a six-month delay on its new digital-asset tax, originally set to start January 1, 2024. This comes after significant pushback from crypto industry groups, including The Digital Chamber and the Illinois Blockchain Association, who argue that the tax could drive business out of the state. The request, filed on October 1, aims to postpone the tax until July 1, 2027, while a constitutional challenge unfolds.
The proposed tax is a 0.2% levy on the value of digital assets in certain transactions, not on trading profits. If granted, this delay would relieve brokers from collecting the tax and spare customers from immediate liabilities. However, the law remains in effect, and both sides are maintaining their legal positions without conceding the law's constitutionality.
As the court has yet to confirm the delay, crypto firms are left with uncertainty. They’ll need to monitor the judge's decision and any updates to the Illinois Department of Revenue's draft rules, which are still open for public comment until October 30. This pause could give companies more time to prepare for compliance, but the ultimate fate of the tax is still in limbo.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.