Overview:
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Spot Bitcoin ETFs recorded USD 31.07 million in daily net inflows, led by BlackRock’s IBIT with USD 54.84 million.
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Tether stated that its collaboration with US authorities facilitated the freezing of approximately USD 550 million in USDT.
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Verona introduced verUSD backed by over USD 100 million in institutional commitments.
Significant activity unfolded across the cryptocurrency sector as spot Bitcoin ETFs pulled in USD 31 million in net inflows, and Tether assisted in freezing USD 550 million in USDT tied to Iranian wallets for the US government. Concurrently, Hedera reached an eight-month high at USD 0.13, and BitMine surpassed the milestone of 6 million ETH.
Bitcoin Witnessed USD 31 Million in Inflows
Data from SoSoValue indicates that Bitcoin spot ETFs registered a cumulative net inflow of USD 31.07 million yesterday. BlackRock’s IBIT captured the largest daily net inflow at USD 54.84 million, bringing its total historical net inflow to USD 65.34 billion.
Grayscale’s Bitcoin spot ETF BTC secured the second-highest daily net inflow at USD 10.32 million, elevating its historical cumulative net inflow to USD 2.96 billion.
Conversely, Grayscale’s GBTC experienced the heaviest daily net outflow at USD 23.19 million, taking its total historical net outflow to USD 27.86 billion.
Overall, Bitcoin spot ETFs hold a total net asset value of USD 107.82 billion, representing an ETF net asset ratio of 6.42%, while historical cumulative net inflows have reached USD 57.58 billion.
Tether Helped Freeze USD 550 Million in Iran-Linked USDT
Stablecoin issuer Tether said on September 28 that ongoing cooperation with US law enforcement throughout 2026 enabled the freezing of approximately USD 550 million in USDT housed within Iran-associated wallets.
The organization clarified that these actions targeted addresses previously flagged by US authorities as connected to the Central Bank of Iran and its associated sanctions networks.
Tether noted that it aided the US government in freezing more than USD 344 million in USDT across two separate addresses in April, operating on intelligence provided by the Treasury Department’s Office of Foreign Assets Control (OFAC) along with domestic law enforcement agencies.
The following day, OFAC formally designated those exact addresses as digital currency identifiers for the Central Bank of Iran, a target whose sanctions designation is tied to the IRGC-Qods Force and Hezbollah.
Also Read: Bitcoin vs Federal Reserve: How Monetary Policy Shapes BTC
Hedera Hit 8-month High
Hedera’s native token, HBAR, rallied approximately 25% within a 24-hour window, climbing to its peak valuation since early January.
According to CoinMarketCap data, HBAR spiked to roughly USD 0.13 before experiencing a slight retracement to USD 0.12, maintaining a 60% gain across a two-week span.
This upward momentum pushed the asset’s market capitalization well past the USD 5 billion threshold, positioning it as the 26th-largest cryptocurrency and allowing it to overtake prominent altcoins such as Avalanche (AVAX) and Sui (SUI).
A primary catalyst driving this growth is the collaborative partnership between IBM and the Hashgraph Group, which seeks to integrate Hedera-based IDTrust into the IBM Cloud to provide enterprises with verifiable digital identities for AI agents.
Verona Launches verUSD Stablecoin
The Verona network—previously recognized as XION—has rolled out verUSD, a newly minted dollar-pegged stablecoin specifically tailored to execute transactions and facilitate verified data purchases among artificial intelligence agents.
Unveiled at Korea Blockchain Week in Seoul, the digital asset launches backed by upwards of USD 100 million in institutional commitments. This backing incorporates more than USD 60 million in contracted revenue volume alongside capital contributions from entities including Animoca Ventures, Figment Capital, and Sfermion.
Issued via Brale and anchored 1:1 against US bank reserves, verUSD is initially deploying across Ethereum, Polygon, Avalanche, Optimism, Arbitrum, Celo, and Solana.
This initiative targets the emerging agentic economy, aiming to carve out space against rival products and traditional industry players by prioritizing direct transactional utility over speculative holding to drive seamless machine-to-machine operations.
Bitmine Crossed 6 Million ETH
In a weekly update released on September 28, Ethereum treasury firm BitMine Immersion Technologies reported that its ether holdings have cleared six million tokens, tallying 6,001,302 ETH, which constitutes 4.9% of the network’s overall 122.1 million-token supply.
The New York Stock Exchange-listed enterprise stated that its combined portfolio of cryptocurrency, cash, marketable securities, and equity stakes held a total valuation of USD 17.2 billion as of September 27.
The company framed this milestone as a key step toward fulfilling its “Alchemy of 5%” initiative—an objective to secure 5% of all circulating ether—leaving the firm roughly 98% of the way toward completion.
Calculated using Coinbase market pricing, the treasury position was valued at USD 2,698 per token, marking an increase from roughly 5.98 million ETH recorded a week prior. Furthermore, BitMine disclosed that 5,067,309 ETH of its stash is staked, valued at USD 13.7 billion based on the same USD 2,698 rate, accounting for 84% of its aggregate holdings.
Also Read: Vitalik Buterin Maps Ethereum’s 2030 Cryptographic Future
FAQs:
1. How much flowed into Bitcoin spot ETFs yesterday?
Bitcoin spot ETFs recorded USD 31.07 million in net inflows. BlackRock’s IBIT led with USD 54.84 million, while Grayscale’s GBTC recorded USD 23.19 million in outflows.
2. Why did Tether freeze USD 550 million in USDT?
Tether stated that the freezes stemmed from collaboration with US law enforcement involving wallets linked by US authorities to Iran’s central bank and sanctions networks. Around USD 344 million was reportedly frozen across two addresses in April.
3. Why did Hedera’s HBAR price rise?
HBAR climbed roughly 25% in one day and 60% over two weeks, reaching around USD 0.13. The rally coincided with an IBM-Hashgraph Group initiative involving Hedera-based digital identity infrastructure for AI agents.
4. What is Verona’s verUSD stablecoin?
verUSD is a dollar-pegged stablecoin designed for transactions and verified-data purchases between AI agents. It launched with more than USD 100 million in institutional commitments and support across several blockchain networks.
5. How much Ethereum does BitMine hold?
BitMine reported holdings of 6,001,302 ETH, equivalent to approximately 4.9% of Ethereum’s stated 122.1 million-token supply. The company noted that roughly 5.07 million ETH, or 84% of its holdings, was staked.
