Arkham Spots $5B Movie2K BTC Cluster, Cboe Rolls Out 10-Year BTC and ETH Futures

Arkham Identifies 45,000 BTC Cluster Linked to Movie2K Worth $5 Billion After German Government Seizure Missed It

Arkham Intelligence reported that the piracy website Movie2K still controls 45,000 BTC that the German government failed to seize in early 2024. The newly identified cluster, worth about $5 billion, shows activity patterns and origins matching the original 49,858 BTC confiscated from Movie2K, including transfers through Mt. Gox and AnxPro. Germany’s sale of the original haul in June 2024 brought in $2.88 billion, far below today’s value. Arkham’s findings suggest the remaining BTC likely still belongs to Movie2K or its operators, while authorities have not commented on potential actions.

Cboe to Launch 10-Year Bitcoin and Ether Continuous Futures on CFE Starting November 10, Offering Regulated Alternative to Perpetual Contracts

Cboe Global Markets plans to launch bitcoin and ether Continuous futures on the Cboe Futures Exchange starting November 10, 2025, pending regulatory approval. The contracts, which expire in 10 years, mimic offshore perpetual futures while offering a US-regulated, centrally cleared framework. Positions will adjust daily to spot prices via a transparent funding rate, providing a regulated alternative to platforms like Binance and Bybit. The products aim to simplify risk management and expand access for institutional and retail US traders. Cboe Clear U.S. will handle clearing, and educational sessions are planned for October 30 and November 20.

SharpLink Repurchases 939,000 $SBET Shares for $15 Million Under $1.5 Billion Buyback Program, Backed by 837,000 $ETH Treasury

SharpLink Gaming has begun executing its $1.5 billion share repurchase program, buying back about 939,000 SBET shares for $15 million at an average price of $15.98. The buybacks are described as accretive since shares trade below net asset value, which is driven primarily by the company’s 837,000 ETH treasury worth $3.6 billion. Nearly all ETH is staked, generating an estimated $67 million to $151 million annually. SharpLink holds no debt and will consider further buybacks funded by staking income, cash reserves, or financing, while emphasizing disciplined capital allocation to boost shareholder value.

Grayscale Seeks SEC Approval to Convert $202 Million Bitcoin Cash Trust Plus Hedera and Litecoin Into ETFs on NYSE Arca or Nasdaq

Grayscale has filed with the SEC to convert its closed-end trusts for Bitcoin Cash, Hedera, and Litecoin into exchange-traded funds, with plans to list them on NYSE Arca or Nasdaq. The move mirrors its successful conversion of Bitcoin and Ethereum trusts in 2024. While the filings reflect growing demand for altcoin ETFs, the SEC has delayed decisions on Grayscale’s Hedera ETF and Bitwise’s Dogecoin ETF. As of June 30, Grayscale’s Bitcoin Cash trust held more than $202 million in assets.

Gemini Boosts IPO Range to $24–$26 Per Share Targeting $3.08 Billion Valuation With $433.3 Million Raise and Nasdaq $50 Million Investment

Gemini, the crypto exchange founded by the Winklevoss twins, raised the price range for its U.S. IPO to $24–$26 per share, targeting a valuation of up to $3.08 billion. The company aims to raise $433.3 million by selling 16.67 million shares, with Nasdaq set to purchase $50 million in a private placement. The IPO, expected to price Thursday under the ticker “GEMI,” comes amid a rebound in U.S. listings and growing institutional adoption of crypto. Gemini will become the third publicly traded crypto exchange after Coinbase and Bullish.