[Cryptocurrency] Bitcoin recovers to the $83,000 range—Thailand approves BTC ETFs and major XRP-related developments emerge amid caution over US CPI

On October 12, 2026, the cryptocurrency market saw major assets turn upward, with Bitcoin (BTC) trading around $83,631, up 0.78% from the previous day. Although it has recovered from last week’s sharp drop to near $80,000, tension remains high ahead of this week’s US CPI and PPI (inflation indicator) releases, as capital outflows from US ETFs and rising US long-term interest rates continue.

Here are today’s top 5 news stories and key topics, organized for clarity.

1. Today’s Top 5 Cryptocurrency News

[1] BTC falls back to the $80,000 range—approx. $680 million outflow from US ETFs and macroeconomic pressure

Bitcoin briefly fell to around $80,400 last week. Influenced by rising oil prices due to the Middle East situation and higher US long-term interest rates, there was a net outflow of approximately $680 million from US spot ETFs. The US CPI (Consumer Price Index) to be released on the 14th and the PPI (Producer Price Index) on the 15th are major focal points that will determine future monetary policy and market direction.

[2] Cryptocurrency (BTC/ETH) ETFs to be legalized in Thailand—effective October 16

The Thai Securities and Exchange Commission (SEC) announced on October 8 that it has published new rules for establishing and managing cryptocurrency ETFs in the country, which will take effect on October 16. Initially, this will be limited to BTC and ETH and restricted to listings on the Stock Exchange of Thailand. Meanwhile, in Japan, such moves are contingent on amendments to the Investment Trust Act, and there are expectations for regulatory alignment, including the policy to introduce separate taxation in the 2026 tax reform outline.

[3] Bug exceeding total supply discovered in XRP—Ripple and others issue emergency fix

Two vulnerabilities were disclosed in the XRP Ledger (XRPL) server software ‘xrpld’ that could have allowed the generation of XRP significantly exceeding the total supply with minimal funds. While they may have existed since 2015, no evidence of exploitation on public networks has been confirmed. The fix was applied with unusual speed in the latest version (xrpld 3.4.1) released on September 25.

[4] Evernode, an XRP-holding company backed by SBI and gumi, to list on Nasdaq

Evernode, which holds and manages a large amount of XRP, has completed its merger with a SPAC (Special Purpose Acquisition Company) and will list on the US Nasdaq market (ticker: XRPN) starting October 12. The company holds approximately 473 million XRP (worth about 104.9 billion yen), and shareholders include the SBI Group, Ripple, and the domestic company gumi (which invested $5 million).

[5] Financial Services Agency requests abolition of ‘image-based identity verification (eKYC)’—aiming to strengthen security

Following a series of information leaks, the Financial Services Agency has requested that financial institutions, including cryptocurrency exchanges, transition early from the image-based submission method for identity verification documents to an ‘IC chip reading method.’ The image submission method is scheduled to be abolished on April 1, 2027. A survey of nine major exchanges showed that eight still use the image-based method, necessitating rapid system updates.

2. Other Major Web3 and Cryptocurrency Topics

• China to build national blockchain infrastructure: The Central Committee of the Communist Party of China and the State Council specified the construction of a ‘national blockchain network’ in a policy document on ‘new quality productive forces.’ It has been elevated to a critical infrastructure alongside a nationwide integrated computing power network.

• NEAR introduces new ‘NEP-655’ account for quantum and AI protection: A mechanism that allows assets to be stored safely without exposing public keys on-chain. This is part of an important roadmap toward quantum-resistant consensus by the end of 2027.

• Reports of fund loss via some Ledger retailers: Fund losses have occurred with some hardware wallets purchased through the authorized Southeast Asian retailer ‘CryptoBillis,’ and the company has begun investigating the cause. They are advising purchasers through this route to refrain from initial setup.

3. Today’s Market Data and Sentiment

• Total cryptocurrency market capitalization: $2.83 trillion (+1.43% from the previous day)

• Fear & Greed Index: 57 (Neutral)

• 24-hour price change of major assets:

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