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US spot Bitcoin ETFs recorded USD 487.07 million in net outflows, led by BlackRock's IBIT at USD 207.67 million and Fidelity's FBTC at USD 105.15 million.
Greece proposed a 10% capital gains tax with a EUR 500 annual exemption, and Samsung announced USDC transfers through Solana for eligible US Galaxy users.
HYPE declined 4.32% to USD 87.07 following a significant institutional token unstaking.
The cryptocurrency market experienced significant shifts today (October 8, 2026), highlighted by a massive USD 487 million in net inflows into Spot Bitcoin ETFs. Meanwhile, Greece announced plans to introduce a 10% capital gains tax on crypto assets. In the market rankings, NEAR Protocol flipped Stellar to break into the top 20 cryptocurrencies, as Hyperliquid slipped over 4% to trade at USD 87.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of USD 487.07 million yesterday.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of USD 207.67 million, and the total historical net inflow of IBIT currently stands at USD 65.72 billion.
The second highest was Fidelity's ETF FBTC, with a daily net outflow of USD 105.15 million, and the total historical net inflow of FBTC currently stands at USD 10.72 billion.
The total net asset value of Bitcoin Spot ETFs is USD 107.40 billion, with an ETF net asset ratio of 6.41%. The historical cumulative net inflow has reached USD 57.33 billion.
Greece plans to impose a 10% capital gains tax on cryptocurrencies, according to a draft bill published for public consultation. Crypto gains of up to EUR 500 (about USD 560) a year would be exempt. The country currently has no comprehensive legal framework for taxing crypto, according to the report.
The proposed rate is lower than the 15% figure that was previously planned in June. Two government officials at the time told Reuters that individual crypto mining would be exempted from taxation, while mining by registered companies would be taxed.
They also noted that the size of the country's crypto market could be difficult to estimate because most investors use platforms based outside Greece. There is no specific projection yet for the revenue the tax would raise, Reuters reported.
Also Read: Bitcoin FAQs: 10 Common Questions About BTC in 2026
Samsung is bringing stablecoin transfers closer to everyday users through Samsung Wallet, with Solana providing blockchain infrastructure. Starting in the last week of October 2026, eligible Galaxy users in the United States will be able to send USDC across borders directly through Samsung Wallet. The feature will initially be available on up to 82 million US Galaxy devices compatible with Samsung Wallet, according to Samsung and Solana.
NEAR Protocol (NEAR) surged 8.7% over the past 24 hours, settling in the USD 5.31-USD 5.41 range. With a market capitalization of USD 7 billion, the asset pushed Stellar (XLM) out of 20th place in the ranking by CoinGecko. The news came amid the commercial launch of the first-ever post-quantum asset on the near.com platform.
It is the native token QTC of the Quantus Network, fully protected against attacks by supercomputers through the ML-DSA cryptographic standard approved by NIST. This step moved theoretical discussions about the quantum threat to Web3 into the realm of real-world products.
HYPE traded at USD 87.07, down 4.32% over the previous 24 hours and 2.10% over seven days. Trading volume stood at approximately USD 772.88 million over 24 hours. With roughly 220 million HYPE in circulating supply.
Hyperliquid Labs has completed the seven-day unstaking of 3.75 million HYPE worth nearly USD 330 million, allowing tokens tied to a private institutional deal to begin moving across wallets.
Onchain Lens reported on October 7 that the tokens had reached Hyperliquid Labs’ spot balance, with 1.875 million HYPE subsequently sent across five addresses. Each wallet initially received 375,000 tokens, representing half of the 3.75 million-HYPE allocation.
The tracker said the tokens were linked to an over-the-counter, or OTC, agreement with an undisclosed institution and would not be sold directly through the open market. An OTC transaction allows two parties to arrange a transfer privately without placing the entire order onto a public exchange order book.
Also Read: Ethereum Supply: Is ETH Becoming Inflationary Again?
1. Why did Bitcoin ETFs record USD 487 million in outflows?
US spot Bitcoin ETFs recorded net outflows of USD 487.07 million, according to SoSoValue. BlackRock's IBIT led withdrawals with USD 207.67 million, followed by Fidelity's FBTC with USD 105.15 million.
2. What is Greece's proposed cryptocurrency capital gains tax?
Greece has proposed a 10% capital gains tax on cryptocurrency profits, with annual gains up to EUR 500 exempt. The proposal remains under public consultation and has not yet become law.
3. How will Samsung's partnership with Solana benefit Galaxy users?
Samsung plans to introduce USDC-powered international transfers through Samsung Wallet beginning in late October 2026. The feature is expected to support eligible users across approximately 82 million US Galaxy devices.
4. Why did NEAR Protocol enter the top 20 cryptocurrencies?
NEAR Protocol reportedly gained 8.7% in 24 hours, reaching approximately USD 5.31–USD 5.41 with a USD 7 billion market capitalization. The rise coincided with developments involving the Quantus Network's post-quantum QTC token.
5. Why did Hyperliquid's HYPE price fall over 4%?
HYPE declined 4.32% to approximately USD 87.07 amid attention surrounding the unstaking of 3.75 million HYPE tokens worth roughly USD 330 million. The tokens were reportedly associated with a private institutional OTC agreement, although a direct link to the price decline has not been established.
