Inflation is shaking crypto markets again.

Bitcoin fell below $82,000 after hotter than expected US inflation data fueled bets on another Fed rate hike.

Meanwhile, Hex founder Richard Heart was reportedly detained in Turkey. Evernorth is preparing to put its 473 million XRP treasury to work.

Today: a crypto founder's arrest, renewed Fed fears, and XRP treasury ambitions.

Hex founder Richard Heart reportedly detained in Turkey

Turkish authorities reportedly detained Hex and PulseChain founder Richard Heart in Istanbul on Wednesday.

The arrest followed an Interpol Red Notice issued at Finland's request. Finnish authorities have sought Heart over suspected aggravated tax evasion and assault.

Police also reportedly detained his wife and seized electronic devices, cash, gold and other items.

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Markets

Hot inflation print sends crypto into broad retreat

September CPI came in hotter than expected, reviving fears the Fed stays aggressive longer.

Treasury yields climbed as traders repriced rate cut expectations downward.

The ripple effect hit every corner of crypto, with altcoins taking heavier losses than Bitcoin.

BTC slipped below $82K, ETH fell near $2,400, SOL dropped toward $104, and XRP settled around $1.33.

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Evernorth taps Ripple, Kraken, Coinbase and BitGo to deploy its $630M XRP treasury

Evernorth Holdings is putting 473 million XRP tokens to work through four major partners.

Ripple, Kraken, Coinbase and BitGo will help manage the rollout starting Q4 2026.

The company listed on Nasdaq just days before announcing the plan.

If this works, active crypto treasury management could become the new corporate playbook.

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On Our Radar

Micro-payments are back: Stablecoins and cheap networks finally make three-dollar payments worth it.*

The Fed's inflation hangover: Bitcoin traders might be sleeping on persistent rate-hike risk.

Security shopping spree: OpenAI reportedly eyes acquiring Trail of Bits, crypto's favorite code auditor.

_*sponsored

ICYMI

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See which names could gain attention when money begins flowing back into the sector.

Meme of the Day

That’s a wrap.

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