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To receive Morning Links in your inbox every weekday, sign up for our Breakfast with ARTnews newsletter. THE HEADLINES LOUVRE UNCOVERED. The smash-and-grab at the Louvre onSunday, when masked thieves stole jewels once belonging to Emperor Napoleon III and Empress Eugénie in broad daylight, is becoming an exponential embarrassment for the museum. With French officials already blushing at the apparent ease of the robbery and a leaked audit suggesting the Louvre’s security systems were “outdated and inadequate,” Emmanuel Macron’s government has now revealed that the loot is not privately insured. This revelation is particularly painful for the museum because the jewels were valued at $102 million, a…

October is historically one of Bitcoin’s (BTC) best-performing months, but this year, BNB (BNB) is stealing the show.“Uptober” — coined to describe Bitcoin’s typically bullish Octobers — began on a high note this year, when the US government shutdown had just begun. Now, as Washington’s funding deadlock stretches past three weeks, that optimism has faded amid trade tensions and the aftermath of a historic liquidation event.Meanwhile, BNB, the native token of Binance’s BNB Chain, has set new all-time highs twice this month. The network is experiencing a surge in memecoin trading and is competing directly with Hyperliquid in the decentralized…

The crypto market began to establish a level of support on Thursday following a turbulent couple of weeks.Bitcoin BTC$109 219,80 and ether ETH$3 860,14 posted slight gains; rising 1.6% and 1.1% respectively, and tokens including BNB and SOL posted even greater moves to the upside.The star of the show was HYPE$39,29, which climbed 12% after HyperLiquid Strategies said it is looking to raise $1 billion in order to purchase the token.The relative lack of volatility on Thursday compared with price action over the past few weeks is also reflected in derivatives data, with funding rates hovering around zero.Derivatives PositioningBy Omkar GodboleOpen interest…

The European Union adopted its 19th sanctions package against Russia, introducing restrictions on cryptocurrency platforms for the first time since the war in Ukraine began.The measures, adopted Thursday, prohibit Russia-based crypto payment providers and the distribution of related payment software across the bloc. The sanctions also target Russian energy firms, banks, and entities in China, Kyrgyzstan, Tajikistan, Hong Kong and the United Arab Emirates accused of helping Moscow evade previous restrictions. “We have just adopted our 19th package of sanctions,” said Kaja Kallas, the EU’s high representative for foreign affairs and security policy. “It targets Russian energy, banks, crypto exchanges,…

Debt among Bitcoin miners has increased from $2.1 billion to $12.7 billion in just 12 months as they race to meet demands for artificial intelligence and Bitcoin production, according to investment giant VanEck.Without continued investment in the latest machines, a miner’s share of the global hashrate deteriorates, resulting in a reduced share of the daily awarded Bitcoin (BTC), VanEck analyst Nathan Frankovitz and head of digital assets research, Matthew Sigel, said on Wednesday in their October Bitcoin ChainCheck report.“We refer to this dynamic as the melting ice cube problem. Historically, miners relied on equity markets, not debt, to fund these…

Tokyo-listed Quantum Solutions has become the largest Ethereum treasury company outside of the United States after acquiring over 2,300 ETH over the past week. Summary Quantum Solutions acquired 2,365 ETH in 7 days to become the largest Ethereum treasury outside the US. The firm raised roughly $180 million in September through a funding round led by ARK Invest. Quantum’s shares have fallen by over 28% in the past five days. “I’m proud to announce that we have accumulated 2,365 ETH in just 7 days, officially making Quantum Solutions the largest ETH DAT outside the US,” Quantum Solutions’ founder, Francis Zhou,…

Key Takeaways Amazon is the second-largest employer in the world, with 1.5 million workers. A new report shows that Amazon will not have to hire 600,000 people by 2033, thanks to robots and automation. Amazon expects robots to help it save about 30 cents on each product. Amazon, the second-largest private employer in the world, with 1.5 million workers, is accelerating its use of warehouse robots as part of a major automation drive, The New York Times reported on Monday. The move could replace 600,000 human jobs that would have existed by 2033. Robots help Amazon warehouse workers with tasks…

Decentralized exchange Bunni has announced it is shutting down following an $8.4 million exploit in September, and is now the second crypto project team to throw in the towel this week. In a Thursday X post, the team stated that it will be winding down operations due to a lack of funds.“The recent exploit has forced Bunni’s growth to a halt, and in order to securely relaunch, we’d need to pay 6-7 figures in audit & monitoring expenses alone — requiring capital that we simply don’t have,” they said. The team said they didn’t have considerable amount needed to spend on…

The Art Basel & UBS Survey of Global Collecting 2025 reads like a snapshot of an art world at a hinge moment—between generations, values, and the physical and digital spheres that define culture today. Conducted across ten markets with 3,100 high-net-worth collectors, the report offers quantitative proof of something the art world has sensed for years: the future of collecting no longer belongs to a small fraternity of boomer patrons. Instead, as this year’s report indicates, it’s increasingly shaped by women and by the first generation to grow up online. A New Class of Collectors Related Articles Nearly three-quarters of the survey’s…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After two weeks of a disappointing run, Ethereum (ETH) is once again capturing institutional interest as major funds and asset managers step into the smart-contract platform. According to recent data, Bitmine Immersion Technologies purchased approximately $251 million worth of ETH, adding 63,539 tokens to its portfolio and bringing its holdings to over 3 million ETH ($13 billion). ETH’s price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Institutional Capital Flows Bolster Ethereum’s Bullish Case BlackRock’s clients have added $41.91 million in Ethereum, marking…