Plus: Dollar Index Hits 18-Month High, Ether Beats Bitcoin in Third Quarter
Good Morning Lions,
Metaplanet sold part of its BTC stack and bought more back in a single quarter, all so rating agencies could see those coins turn into cash. I think that's a company getting ready to borrow, and a better credit rating = cheaper debt = more BTC down the line. BUT rising yields are pushing the dollar up right now.. and that makes any new debt more expensive.
Metaplanet Sells Then Rebuys Bitcoin
TL;DR: Metaplanet sold 10,000 BTC and later bought back 11,000 BTC during Q3 of fiscal 2026, ending the quarter holding 44,000 BTC. The company said the trades were meant to show rating agencies that its Bitcoin treasury can be turned into cash.
Dollar Index Hits 18-Month High
TL;DR: The U.S. Dollar Index climbed to roughly 102.5 on Monday, its highest level in nearly 18 months, CoinDesk reported. Euro weakness and rising yields lifted the dollar, while bitcoin held around $86,000.
Ether Beats Bitcoin in Third Quarter
TL;DR: Ether rose 70% in the third quarter against bitcoin's 42%, CoinDesk reported. Market data cited in the report shows ether's median daily market depth fell to just 35% to 45% of bitcoin's over the same stretch.
Cardano's ADA Hits Highest Since May
TL;DR: Cardano's ADA rose 10% in 24 hours to trade above 27 cents, its highest level since May, per CoinDesk data. Bitcoin and ether posted small gains on Oct. 5 but stayed inside familiar ranges.
Binance Tightens Brazil Transfer Rules
TL;DR: Binance will require Brazilian users to disclose the purpose and counterparty of international crypto transfers starting Nov. 1. According to U.Today, withdrawals missing that information will be blocked and incoming funds may be frozen.
Peter Brandt Posts XRP Coffee Chart
TL;DR: Veteran trader Peter Brandt posted an XRP chart next to an image of a coffee cup. U.Today interpreted it as a possible cup-and-handle pattern, which it says stays unconfirmed while XRP trades below $1.6572.
Foxconn Revenue Jumps on AI Servers
TL;DR: Foxconn reported third-quarter 2026 revenue of NT$3.03 trillion, about US$95.4 billion, up 47% year-on-year and ahead of estimates. AI servers kept driving growth in its cloud and networking segment.
Thin ETH books cut both ways. The shallow depth that helped ether outrun BTC also means one big seller can push it down harder. Brazilian lions have under four weeks before Binance starts blocking transfers that skip the paperwork 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.
