Cryptocurrency market today, October 3: What can we see from the controversy over Shark Binh's Antex project?

(NLDO) - Small and medium-sized Bitcoin holders have started to accumulate goods, while large investors continue to sell.

On the evening of October 3, the cryptocurrency market continued to flourish. Data from the OKX exchange showed that in the past 24 hours, Bitcoin (BTC) increased by nearly 1% to $120,300.

Many investors are buying back Bitcoin

Other altcoins also rose. Ethereum (ETH) increased by more than 1.3% to $4,480; XRP increased by more than 1% to more than $3; BNB increased by more than 4% to $1,100; and Solana (SOL) increased by more than 1% to $229.

According to CoinDesk , over the past week, Bitcoin's price has increased by about 10%, to $120,327. On October 2, this digital currency surpassed $121,000, the highest level since the record in mid-August, according to CoinDesk data.

Bitcoin is trading at $120,353 Source: OKX

The price increase comes from many investors returning to buying instead of selling. Small and medium-sized Bitcoin holders have started to accumulate, while large investors continue to sell.

In addition, the US market also contributed to the wave, when Bitcoin continuously increased during trading hours here, bringing an increase of about 8% in just 4 days.

What do you see from Shark Binh case?

On October 3, at the National Scientific Conference on Economics, Law and State Management 2025, organized by the School of Economics, Law and State Management (CELG) under the University of Economics Ho Chi Minh City (UEH), MSc. Luu Anh Nguyet - Deputy Head of the Financial Market Development Department, Institute of Strategy and Economic - Financial Policy, Ministry of Finance - gave a speech on the crypto asset market.

Ms. Nguyet said that Resolution 05/2025/NQ-CP on piloting the crypto asset market recently issued by the Government is an important step to promote the development of the digital asset market.

Regarding the recent case of the Antex cryptocurrency project of businessman Nguyen Hoa Binh (Shark Binh), which has attracted attention, she said that although crypto-asset transactions are often considered anonymous, they are actually very transparent thanks to the ability to trace through the code system and data on the blockchain.

According to Ms. Nguyet, the cash flow from investors transferred to the project wallet and then continued to circulate through related wallets, including personal wallets, can all be publicly tracked. If the management agency has appropriate monitoring tools, controlling and tracing the cash flow is completely feasible.

This is considered an important lesson from international experience, helping Vietnam both develop the digital asset market and ensure transparency and safety for investors.

Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-3-10-thay-gi-tu-lum-xum-du-an-antex-cua-shark-binh-196251003201417302.htm