CoinTR Crypto Coffee Break – Weekly Newsletter

CoinTR, Turkey’s leading crypto exchange, has compiled the past week’s most significant developments for you. This edition of our weekly newsletter highlights the most crucial stories.

A standout piece of news this week is the SEC granting a “no-action” letter to the crypto initiative DoubleZero. This move is seen as a sign that regulatory bodies might be adopting a more flexible and cooperative stance toward crypto projects. Concurrently, with the start of October, the familiar “Uptober” effect has begun to show its teeth. Bitcoin surged to a 7-week high.

The Bitcoin and Ethereum fronts saw quite a bit of action this week. BTCUSD gained more than 10% on a weekly basis, climbing above the $120,000 price level to reach its highest point since mid-August. Ethereum, however, rose by approximately 15% weekly, hitting the $4,490 price region, but has not yet delivered the expected surge after a subsequent dip. This has fueled questions like: “Is Ethereum’s Uptober at risk?”

Among the significant domestic developments in our country, the Turkish government announced it is preparing a draft law that will grant the financial crimes board, MASAK, the authority to freeze cryptocurrency accounts as part of its fight against money laundering and financial crimes.

Don’t forget to read the rest of the newsletter for the detailed coverage of the major news and developments across the crypto markets!

Security Alert: Vulnerability in Android Game with Millions of Users!

The Unity game engine has quietly begun patching a critical security vulnerability that allows third-party code to run in Android-based mobile games. According to two sources who wish to remain anonymous, this flaw poses a potential threat, especially to mobile crypto wallets. The information suggests that the security issue in question could affect projects dating back to 2017. The vulnerability is primarily observed on Android devices but has varying levels of impact on Windows, macOS, and Linux systems as well. It is reported that Unity is distributing a standalone patching tool and security updates privately to select partners. However, an official public statement regarding this critical flaw is expected early next week.

Claim: Ripple’s RLUSD Growth is Putting Ethereum in the Spotlight

RLUSD, the US dollar-pegged stablecoin launched by Ripple at the end of 2024, quickly reached a $789 million market capitalization, making it one of the fastest-growing digital assets of 2025. Developed for cross-border payments, tokenized finance transactions, and DeFi applications, RLUSD has attracted major institutional investors like DBS and Franklin Templeton. However, a large part of this surge stems from 88% of RLUSD transacting on the Ethereum network instead of Ripple’s native chain, XRPL; the RLUSD supply on XRPL remains below $90 million.

MicroStrategy’s $77 Billion Stash Surpasses Nations’ GDPs

Michael Saylor’s company, MicroStrategy, has broken records with the value of its Bitcoin holdings, reaching $77.4 billion and outstripping the GDPs of some major banks and countries. Saylor recalled that this journey began with a $250 million investment and a quick $40 million loss. The company’s success comes as Bitcoin approaches $120,000 and following the purchase of 11,085 more BTC over the last seven weeks. This ascent by MicroStrategy stands out as a powerful indicator of long-term confidence in Bitcoin.

What Is The UK Planning With These BTCs?

The United Kingdom is entangled in legal proceedings to establish legal ownership of $7.3 billion worth of Bitcoin seized from a Chinese fraudster. Despite the fraudster pleading guilty, the ownership of the tokens remains uncertain. Most of the victims are in China, with some having filed lawsuits for compensation. This development marks the UK’s largest crypto seizure to date and has sparked notable speculation that the confiscated BTCs could be used to establish a potential Strategic Crypto Reserve for the country.

A $1 Billion Avax Assault!

Avalanche’s native token, AVAX, surged after a new company planning a public offering in the US announced its intention to purchase $1 billion worth of AVAX. The company, named Avalanche Treasury, entered into a merger agreement exceeding $675 million with the Mountain Lake Acquisition SPAC. The company, which aims to trade on Nasdaq under the ticker “AVAT” in the first quarter of 2026, will include Ava Labs CEO Emin Gün Sirer among its advisors. This move is the second Avalanche-focused treasury company and joins the ranks of ventures notable for their crypto asset acquisition and public offering goals.

Will The SEC Allow Stocks?

The US Securities and Exchange Commission (SEC) is working on a new plan that would allow stocks to be traded on the blockchain. According to a report from The Information, this plan, developed under the crypto-friendly policies of the Trump administration, is being discussed by SEC officials with industry representatives. If implemented, investors would be able to buy and sell tokens representing shares in companies like Tesla or Nvidia directly on crypto exchanges. This step could open the door for digital securities, bridging traditional finance with crypto assets.

BTC Prediction From The World’s Highest IQ!

South Korean intellectual YoungHoon Kim, renowned as the person with the world’s highest IQ, made a striking prediction about Bitcoin. According to Kim, Bitcoin will experience 100-fold growth over the next 10 years, becoming a global reserve asset. This forecast has generated excitement in the crypto community and sparked curiosity regarding Kim’s views on the sector. Kim, the founder of the United Sigma Intelligence Association, is a respected figure known for his intellectual prowess, working in the fields of cognitive strategy and leadership.