CoinWorld reports that Machi Big Brother reopened a 25x leveraged long position in Ethereum after being liquidated. He currently holds 1,325 ETH, with the position valued at approximately $3.2 million, an unrealized profit of about $30,000, and a liquidation price of $2,368.
BlockBeats data: According to Lookonchain, two wallets that had been dormant for over 12 years have just come alive and transferred out all 417 Bitcoin, worth approximately $33.85 million at current prices. When the wallets first received Bitcoin, its prices were $127 and $355, respectively. They have now realized returns of 638x and 229x, respectively.
According to Biyie News, the South Korean government plans to convene representatives of the country’s five largest virtual asset exchanges and executives from the Digital Asset Exchange Alliance (DAXA) on October 20 for a meeting to hear industry views on the virtual asset tax policy scheduled to take effect in January 2027. Under the current plan, South Korea will tax income from the transfer and lending of virtual assets at a rate of 22%, after deducting a basic tax-free allowance of 2.5 million won. The policy has been postponed three times since it was first proposed in 2020. The government is still preparing to proceed on the original schedule, and the National Tax Service is expected to issue a related notice in November. In addition, South Korea’s financial regulators are accelerating work on a government draft of the Digital Asset Basic Act, which is expected to be completed by the end of this month, when consultations are also set to begin.
Venezuela expects nearly $76 billion in oil and gas investment over the next five years
CoinWorld reports that Venezuela expects nearly $76 billion in investment in its oil and gas sector over the next five years. Acting President Delcy Rodríguez said on Saturday local time that the country’s oil and gas sector is expected to attract nearly $76 billion in investment over the next five years. Venezuela is seeking to bring in private capital to boost energy production. Rodríguez said the government had signed 61 agreements under the revised legal framework for the oil and gas sector, with another 44 agreements under negotiation. She said the investments are expected to create more than 324,000 direct, indirect and induced jobs. The announcement highlights Venezuela’s ambition to revive its oil industry. Although the country has the world’s largest crude oil reserves, its oil production remains far below historical peaks. Turning these investment pledges into actual output will require years of drilling and investment in increasingly aging oil fields, power systems and other infrastructure.
Tread.fi CEO DYJ: Flash Crash in U.S.-Listed AI Stock Perpetual Futures Began on Binance
According to CoinWorld, Tread.fi CEO DYJ said the flash crash in perpetual futures for U.S.-listed AI stocks began on Binance, where a trader’s closure of an approximately $2 million SNDK long position triggered a sharp drop. Binance was the first venue to see large sell orders in SNDK, with about $407,000 in trading volume that second. The following second, MU also began seeing sell orders, with about $1.03 million traded in the same second. Hyperliquid then saw a wave of market orders, as around 10 addresses submitted IOC sell orders for SNDK, SOXL, DRAM, SKHX, SKHY, and MU within 1.8 seconds. During the initial wave of selling, trading volume in SNDK and MU on Binance was about $21.9 million and $5.1 million, respectively, compared with about $3.1 million and $300,000 on Trade.xyz. On Hyperliquid, MU trading volume then surged to $10.8 million and $9.5 million over two minutes, respectively, driven by cascading liquidations during that period.
According to CoinWorld, on-chain monitoring platform Lookonchain reported that Machi was completely liquidated again four hours ago, nearly wiping out the 250,000 USDC he deposited two days earlier. A year ago, he made $44.84 million on this asset, but now he has not only lost all of those profits, but also an additional $36.85 million.
According to CoinWorld, Russian Deputy Prime Minister Novak said the global oil market has lost 2.2 billion barrels of oil due to the Middle East crisis. In an interview during Russian Energy Week, he noted that supplies through the Strait of Hormuz have not yet resumed, market volatility is high, and prices remain elevated. He believes that if the situation continues, prices will rise further and global reserves of oil and petroleum products are being depleted. Novak also said that if oil exports from Persian Gulf countries through the Strait of Hormuz resume, the global oil market will return to balance within 1 to 1.5 years.
According to CoinWorld, Yonhap News Agency reported that the South Korean government plans to convene representatives of the five major crypto exchanges—Upbit, Bithumb, Coinone, DigitalX and Gopax—as well as DAXA on October 20 to discuss the crypto asset tax regime, originally scheduled to take effect in 2027. The regime would impose a 22% tax on taxable gains from crypto assets and has already been postponed three times. Industry participants say tax rules and infrastructure for transactions involving staking, airdrops and DeFi are not yet in place, and are calling for another delay. Park Min-gyu, a lawmaker from the Democratic Party of Korea, has submitted an amendment proposing that taxation be postponed until 2029. The government is still preparing for implementation in 2027 and has not yet decided whether to delay it again.
According to CoinWorld data, the daily snapshot for 2026-10-18 shows that the total circulating market capitalization of stablecoins within the scope of the statistics was $306.364 billion.
Data from CoinWorld: BTC liquidations over the past 24 hours totaled approximately $20.2466 million, involving around 1,638 liquidated accounts. This was down 75.66% compared with the same-period snapshot 24 hours ago, and up 502.86% compared with the same-period snapshot 7 days ago.
According to CoinWorld, Coinbase, Circle’s largest USDC partner, now supports Open USD, a competing network that distributes reserve yield to partners after deducting management fees.
CoinWorld data: A certain whale holds a long position of 1,360 BTC, worth approximately $110 million, with a liquidation price of $80,034 and a market stop-loss set at $80,500.
CoinWorld data: Chainalysis data shows that Italy, Portugal, and Singapore together account for 66.9% of geographically identifiable tokenized U.S. Treasury assets, while the U.S. accounts for 10.5%. Tokenization lowers the minimum investment threshold and reduces the need for investors to participate through U.S. brokerage accounts, providing overseas investors with a way to gain exposure to U.S. Treasuries.
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