Crypto News Today [ LIVE] Updates, October 6th

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Analysts suggest AVAX could reach $25–27 before attempting the $50–100 range, but major moves depend on BTC climbing above $140K, ETH above $6–7K, and SOL above $350–450. Expect significant capital to flow into ETH and SOL first, with some front-running activity likely. Other tokens like IBIT, ETHA, SOLZ, BMNR, SBET, BTBT, RIOT, MARA, CLSK, and UPXI may outperform AVAX in the short term, with November earmarked as AVAX’s month.

China Financial Leasing Group plans to raise HK$86.72 million through a share placement to Innoval Capital at HK$1.25 per share. The majority of the funds will be allocated to investments in Web3 and AI firms, while the remainder will support general corporate operations, signaling the company’s strategic focus on emerging technologies.

BNB has surged past $1,200, reaching a new all-time high of $1,214.42, up 3.47% in 24 hours according to Binance data. Market volatility remains high, with $256 million liquidated in the last da,y including $177M in longs and $79.11M in shorts, as reported by Coinglass. Traders are keeping a close eye on momentum, with BNB’s breakout signaling strong bullish sentiment across the market.

The U.S. is accumulating $6 billion in debt daily, with total debt expected to surpass $38 trillion in the coming weeks. Prominent investors, including Larry Fink and Ray Dalio, now view Bitcoin as a potential hedge against mounting national debt, signaling growing institutional interest in the leading cryptocurrency.

A comparison of XRP against the U.S. debt cycle (2013–2025) suggests the token remains massively undervalued and misunderstood. Analysts point out that XRP could be gearing up to repeat its explosive 2016–2017 cycle, when it significantly outperformed Bitcoin. With both XRP and BTC currently seen as undervalued, market watchers believe a major rebound may be on the horizon as global liquidity and debt dynamics shift once again.

Venture capitalists have invested a record $192.7 billion in AI startups so far in 2025, making it the first year when over 50% of total VC funds have flowed into the AI sector. In the U.S., AI now accounts for over 60% of venture deals, triple its share since 2020. Overall, global VC funding stands at $366.8 billion, with $250.2 billion coming from the U.S., signaling the unstoppable momentum of the AI revolution.

The CBI has frozen crypto assets linked to a $122,000 Florida bank impersonation scam, following a U.S. DOJ investigation. Authorities traced the stolen funds to an Indian WazirX account owned by the late Punam Jaiswal, which held 0.26 BTC, 7.83 ETH, and ₹8.7 lakh. The assets have now been frozen and marked for seizure under the U.S.–India Mutual Legal Assistance Treaty (MLAT), showcasing growing global cooperation in crypto-related crime.

With the U.S. government shutdown limiting data releases, markets turn their focus to key updates this week. The NY Fed Inflation Expectations arrive Tuesday, followed by Wednesday’s Fed Meeting Minutes. Fed Chair Jerome Powell’s speech Thursday may offer policy clues. On Friday, traders await the Michigan Consumer Sentiment and Expectations data, along with the September Jobs Report if the shutdown ends in time. All eyes remain on inflation and economic stability signals.