BnFastNews

That drop last night was pretty interesting.

According to Farside, U.S. spot Bitcoin ETFs saw combined net inflows of about $1.07 billion over the three trading days from October 19 to 21. On the 21st alone, they took in $525 million—$235 million from BlackRock and $213 million from Fidelity. Money was clearly flowing in, yet $BTC got hammered from nearly $84,900 in the early hours yesterday, dipping to around $80,940 around midnight today. It’s now hovering around $81,200.

My take is that most of the selling pressure came from outside the crypto market: AI stocks broadly pulled back, the Nasdaq fell 2.6% in a single day, oil surged past $110, and risk assets were sold off across the board. More than $400 million in crypto futures positions were liquidated over 24 hours.

I’m paying closer attention to two cost-basis levels. Bitfinex estimates that ETF buyers’ average cost is around $84,333, which means they’re currently sitting on an overall unrealized loss. Glassnode puts the average cost basis for publicly traded companies’ Bitcoin treasuries at roughly $80,000; the daily close has stayed above that level every day since September 18. The $80,000–$84,000 range is right between the two largest groups of institutional buyers.

What’s more subtle is that Farside’s partial data for the 22nd already shows net outflows of $164 million, while BlackRock and Fidelity haven’t updated yet. If those two also turn to outflows, the $80,000 level will likely be tested again. Below that is the October 15 low of $79,800.

What do you think: with ETF investors underwater below $84,000, will they keep buying the dips, or will they become selling pressure on the way back up?

#比特币 #ETF fund flows

I only connected the dots from the past couple of days when I saw the BNB Standard (Nasdaq: BNC) official account’s bell-ringing announcement: on Monday, October 26, at 9:30 a.m. Eastern time (9:30 p.m. Shanghai time), they’ll ring the Opening Bell at Nasdaq MarketSite in Times Square, with the livestream starting at 9:15. They’re celebrating the new name and new CEO: Alex Odagiu officially took over on October 19, and the company also announced that it will run its own BNB Chain validator, while keeping its treasury coins in qualified custody.

This is a completely different story from last week’s 37th burn. A burn reduces supply; this time, it’s about the TradFi image: a publicly listed company that calls itself the world’s largest corporate BNB treasury is bringing the bell-ringing ceremony in front of Nasdaq’s cameras, while also putting a validator to work on-chain as part of its business operations. If institutions really start copying the playbook, this is where the narrative begins.

The market has pulled back today from around 751 and is hovering near 733, down about 2% over 24 hours, with roughly 88.5 million U in volume. I’d put my watch position in the 728–734 range; if it drops further, I’d watch 705–710 (the area of the October 15 and 19 lows). If the daily candle closes below 698, I’ll admit I’m wrong and exit for now. I’d first watch 742 / 752 for a move back up, then 765 further out.

I’m not telling you to go all in. Just a reminder: the countdown to the bell-ringing ceremony is in its final few days. If you want to follow along, open the $BNB trading widget below and make your own decision based on the live market.

I just came across @opentensor’s Novelty Search announcement, and it finally connected the dots for me—eTAO on $TAO isn’t just a slide-deck idea; the mainnet transition is already complete.

Until now, every subnet followed fixed rules: 18% to the owner, 41% to validators, and 41% to miners. Starting 10/20 (runtime v480→v481), subnet owners can adjust the allocation themselves: 0–33% for the owner, up to 50% for validators, and at least 33% for miners. They can change it only about once a week. The baseline share for staking on the root network is recalculated on-chain every block and deducted from the validator bucket first, so owners can’t change it with their allocation settings—the official example still puts it at roughly 5.4% of emissions. Total emissions stay the same; what changes is who gets them. For anyone making a market-cap story, that’s a lot more tangible than another round of “AI narrative” hype.

Even more interesting is how quickly this is being put into practice. In publicly verified examples, Vanta (SN8) set the owner share to 0 and split the rest 50/50 between validators and miners; Almanac (SN41) lowered the owner share to 10% and raised the miner share to 50%. That shows some subnets are willing to cut their own share to give miners a boost. Tonight at 21:00 UTC (around 05:00 tomorrow morning Shanghai time), Novelty Search is also holding a dedicated discussion on this, livestreamed on Discord and hosted by @const_reborn.

On the market, price has pulled back from around 281 today and is hovering near 260—news momentum and price don’t always move in sync; that’s pretty common. My own watch position is around 256–261; if it drops further, I’ll watch 250–254. If the daily candle closes below 246, I’ll admit this narrative didn’t play out and step aside for now. For a potential move back up, I’m watching 272 / 278 first, then 285 further out.

I’m not telling you to go all in. Just a reminder: the incentive allocation dial has finally been handed over to the subnets themselves. If you want to follow along, open the $TAO trading widget below and make your own call based on the live market.

I just came across Grayscale’s announcement and it finally clicked—$SUI has also been added to the list of products allowing in-kind subscriptions.

Starting 10/21, eligible investors can exchange the coins they already hold directly for shares in its Sui staking ETF, without first selling them for fiat and then buying back in. According to the announcement, the minimum investment for this product is around $148,400 (based on 10/20 prices, so it may change), and you have to go through an authorized participant—it’s not a one-tap subscription in an app. The bar may be high, but the signal is clear: it’s now on the same TradFi access list as Bitcoin, Ethereum, and Solana. In theory, that could open the door to custody, brokerage accounts, and even collateralized lending.

What I care more about is how the market prices this in. After the news broke, it surged to around 1.05, then gave back the gains and drifted near 1.00—showing that institutional access doesn’t mean buyers will rush in immediately. It’s common for sentiment to peak first and then cool off. For me, 0.990–1.005 is still a range for a small watch position; if it drops further, 0.960–0.975 offers a better risk-reward. If the daily candle closes below 0.940, I’ll admit this narrative was wrong and step aside. If it rebounds, I’ll watch 1.04 / 1.06 first, then 1.10 further up.

This isn’t a call to go all in. Just a reminder: there’s now another way to get exposure that can sit in a brokerage account and be used for custody and collateral. If you want to follow along, open the $SUI trading widget below and make your own decision based on the live market.

Yesterday, Uniswap introduced another pretty technical standard: the URC-5 Token Venue Policy. This isn’t just another empty proposal—it’s already been merged into the Uniswap/URCs repository. The governance forum only officially opened discussion on 10/21, so the community discussion came after the merge.

Put simply, tokens with hooks (like INDEX, STANDARD, and FWA) will be able to use IVenuePolicy to declare which Uniswap v4 pool is the “canonical” one. Preferred means recommended; Enforced means mandatory. Routers and aggregators can follow these declarations, making it harder for “vampire pools” that siphon fees and rewards from hook pools to operate. The proposal is from The Standard Reserve (Mercek), and @0xBeans started the community discussion on gov.uniswap.org.

On Binance spot, $UNI has pulled back today from around 7.79 to the 7.22 area, down about 5% over 24 hours, with trading volume still hovering around 47 million U. I’m not chasing a bounce here: 7.15–7.25 is the range that’s been consolidating during the day, so I’ll scale in if it comes back there. If sentiment takes another leg down, 6.90–7.05 is a dense zone near the 10/18 low, where I’ll place my second order. If the daily candle closes below 6.80, that would mean the long lower wick from 10/18 has been broken too, and I’ll admit I’m wrong and exit. On the upside, I’ll first look for a reclaim of yesterday’s close at 7.45; if it holds, then I’ll watch 7.60 and 7.90.

It takes time for a standard to gain traction, but how an “official pool” should be recognized is a real pain point for projects using hooks, and it also makes trading-volume attribution cleaner. If you want to follow along, just place a limit order for $UNI below—don’t wait until it surges back to 7.5 to chase it.

Last night, Ethereum surged to 2527 but couldn’t hold, and this morning it was back around 2479. A lot of people were spooked by that long upper wick, but I’m more focused on another set of numbers.

According to Farside, from October 1 to 20, Ethereum spot ETFs saw cumulative net outflows of around $1.08 billion. Out of 14 trading days, only one—10/13—had net inflows. So far, the figures disclosed for 10/21 show +$31.2 million, mostly from a +$28.1 million inflow into Grayscale’s Ethereum Mini Trust. BlackRock’s figure hasn’t been updated yet. So don’t rush to call a reversal, but the steady outflow has finally started to ease.

Meanwhile, in its 10/19 announcement, Bitmine said it bought another 12,535 ETH last week, bringing its treasury to 6.04 million ETH, or 4.9% of the total supply—just 0.1 percentage points short of its stated 5% target. ETF money is flowing out while corporate treasuries keep buying every week—the coins are moving from people who can redeem at any time to people who have no intention of selling.

My game plan is simple: don’t chase above 2500. The 2445–2460 range was a platform where the price moved sideways for much of yesterday’s 4-hour session; if it comes back there, I’ll buy in batches. If sentiment takes another hit, 2385–2405 is the consolidation zone from before the rally began on 10/20, and I’ll put my second order there. A daily close below 2320 would mean the support from the two tests of the lows on 10/15 and 10/19 has broken, and I’d admit I was wrong and exit. To the upside, I’m first watching for a reclaim of last night’s high at 2530; if it holds, then I’ll look at 2580 and 2690.

ETF data will be updated during the U.S. market session tonight. Whether BlackRock’s figure is positive or negative will largely determine whether this move can continue. If you want to follow along, just use the link below to place your order: $ETH . Don’t wait until it surges above 2500 again to chase.

A little after 7 tonight, I came across some Dogecoin news—and for once, it wasn’t a pump call: Dogecoin Labs has officially launched. In partnership with the Dogecoin Foundation and led by Jordan Jefferson, founder of MyDoge and DogeOS, the company brings together three pieces: the MyDoge wallet, the DogeOS application layer, and merchant payments through Such App.

I think it’s worth taking a closer look. In the past, Dogecoin’s ups and downs were mostly driven by sentiment and Elon Musk, and there were precious few usable products. Now the roadmap is clear: developers build apps on DogeOS, MyDoge’s 500,000+ users can access them right in their wallets, and merchants can create invoices and accept QR-code payments with Such App. But DogeOS is still only on a public testnet that launched on 9/30, and quite a few apps are still marked “coming soon,” so don’t expect things to move too fast.

On the chart, $DOGE is hovering around 0.0820, up roughly 3.6% over 24 hours. Last night’s 8 p.m. four-hour candle climbed from 0.079 to 0.082, then price moved sideways between 0.0812 and 0.0823 for almost a day. The news landed right around then.

My plan: start buying a little on a pullback to 0.0808–0.0814; if it drops further to 0.0785–0.0795, add more. If the daily candle closes below 0.0760, I’ll admit I’m wrong and exit. First upside target is 0.0853, then 0.0880 and 0.092 if it breaks through.

Good news can trigger a quick spike and reversal the same night, so don’t go all in. If you want to follow along, check the live chart in the $DOGE trading widget below—is this the moment Dogecoin can shed its “just a meme” label?

Just came across something: Nasdaq-listed Evernorth (ticker: XRPN) describes itself on its official account as “the largest publicly traded XRP treasury company.” On 10/19, it also filed an SEC Form 424B3, registering up to approximately 11,499,992 shares of Class A common stock, tied to public warrants with an exercise price of $11.50. Doing the math, if all the warrants are exercised for cash, the company could theoretically receive about $132 million. But a prospectus isn’t approval to buy crypto, and the money won’t come in unless the warrants are actually exercised for cash—don’t mistake “could raise funds” for “has already added to its holdings.”

As for the market, $XRP is hovering around 1.357, up about 4.8% over 24 hours, with trading volume topping $100 million. It’s climbed steadily from today’s low of 1.290. I’d watch 1.335–1.345 as a pullback zone, with 1.300–1.320 as a deeper one. If the daily close falls below 1.275, I’d abandon the rebound thesis for now. On the upside, I’d watch 1.37 first; if it holds above that, then 1.40 / 1.45.

The official account also lit up Seoul’s N Seoul Tower with its branding on 10/20, so the buzz is still there. But the price has already bounced quite a bit from its lows. If you want to follow along, check the chart yourself using the $XRP trading widget below—don’t chase a short-term spike.

Today isn’t just another “upgrade rumor”—it’s go time.

@anza_xyz has nailed down the timing: Alpenglow activates on mainnet today (10/21) at around 14:00 UTC (about 22:00 Beijing time), with the migration boundary at slot 459,653,000. TowerBFT is officially retiring. The target is to cut finality from about 12.8 seconds to roughly 150 milliseconds. The official @solana account has already posted “Alpenglow mode,” and Anza chimed in underneath—this is a product milestone, not a market slogan.

What about the market? $SOL is trading around 105.7, with 24-hour trading volume still near the top. It briefly pushed toward 108 during the day before pulling back—a typical pre-event chop: the narrative is hot, while the price is playing asleep. I’m inclined to scale in around 103.5–105, with a deeper entry zone at 100.5–102. If the daily candle closes below 99, I’m out for now. First resistance is 108, followed by 112 and 118.

Don’t just keep refreshing the chart—open the $SOL trading widget below and take a look at the market yourself. The volatility around tonight’s activation is what really matters.

The official account of U.S.-listed Tron Inc. (NASDAQ: TRON) posted another clearly disclosed purchase today at around 10:48: 149,990 TRX at an average price of $0.3334, bringing its treasury holdings to over 719.8 million TRX. The account said it would continue expanding its Tron DAT position to create long-term value for shareholders, and also shared the on-chain treasury address.

An even bigger catalyst came just before that. On October 19, GlobeNewswire and an SEC 8-K filing reported that the company had just been elected as one of TRON’s 27 Super Representatives. As of October 18, it ranked 27th, with about 760 million TRX delegated to it. Through a wholly owned subsidiary, it produces blocks, validates transactions, and participates in on-chain governance. CEO Rich Miller said the goal is to generate recurring on-chain revenue. It has just secured SR block-producing rights and is continuing to publicly increase its holdings today—the moves are quite consistent.

But the market is lukewarm. Binance spot pair $TRX is hovering around 0.3312, virtually flat over 24 hours, with trading volume of roughly 24 million U and ranking among the top 20 spot pairs. Good news has landed, but the price hasn’t rallied—this looks more like an accumulation range, so I’m not chasing.

My plan: scale in around 0.328–0.330, near today’s low; look to buy more around 0.322–0.325 if it dips further; admit I’m wrong if the daily candle closes below 0.318. On the upside, I’m watching 0.338 first, then 0.345 and 0.355. Industry reports often cite TRON as a major stablecoin settlement network—that’s background, not today’s main story.

If you want to follow the “U.S.-listed company starts producing blocks and accumulating tokens” theme, use the trading widget below for $TRX . Do you think it’ll consolidate for a few more days, or will it make a move during U.S. trading hours?

A little after 4 a.m., SpaceX posted its third-quarter results, and I woke right up when I saw the revenue: $14.6 billion, up 161% year over year. One item in the official highlights was pretty impressive: for the first time, Starship made a profitable commercial launch, sending up 26 third-generation Starlink satellites in one go. The company says the added downlink capacity is about 10 times what it had before. Starlink’s individual subscribers have also reached 13.6 million.

Even more explosive was what Musk posted at 6 a.m.: “As crazy as it sounds, reaching $1 trillion in revenue by 2028 is no longer impossible.” Back in June, he was saying 2030—now that’s two years earlier, and the post has more than 20,000 likes.

The market reaction was immediate. On Binance, $SPCXB had been hovering around 146–148 ahead of the results. The 4 a.m. one-hour candle saw nearly $9 million in volume and pushed it to 154. At 6 a.m. it surged again to 160.39; it’s now around 159.5, up 7.6% in 24 hours, with trading volume putting it in Binance Spot’s top 20.

But stay level-headed: this is a tokenized stock. The real test is the U.S. market open tonight at 21:30. We’ll know within the first hour whether the overnight sentiment-driven price can hold up against the actual stock. I’m not chasing it at 160.

My plan: start buying in at 154.5–156.5, the upper half of the high-volume bullish candle from 4 a.m.; if it drops further, I’ll wait for 148–150, the pre-earnings range. If the daily candle closes below 146, I’ll admit I’m wrong. On the upside, I’m watching 164 first, where it moved sideways in mid-October, then the 169–172 area, near the early-October highs.

If you’re watching for tonight’s open, tap $SPCXB to see the live chart. Do you think it’ll open high and then sell off, or head straight for 170?

At 8:30 p.m., ether.fi’s official account published a long post explaining why it’s launching its own stablecoin: more than $300 million in stablecoins on the platform has been sitting idle, and going forward, cards, vaults, lending, trading, and transfers will all use a single native dollar. The key line: Powered by Ethena Whitelabel. Ethena will manage everything end to end—reserves, minting, redemptions, and compliance—with ether.fi only choosing the reserve mix. Ethena’s official account promptly reposted it.

What matters to me isn’t that there’s yet another stablecoin, but that major clients are starting to back the whitelabel model. Research account Glasscade’s figures today: about $74 million in partner stablecoins held in whitelabel custody. Based on a synthetic dollar supply of over $7.5 billion and fees being switched on, the baseline whitelabel scenario could generate about $16 million a year in buybacks. It’s still an “if,” but the path from revenue to buybacks is much clearer now.

The market reacted. Volume picked up after 9 p.m.; the 10 p.m. hourly candle reached 0.2028. Up about 8.5% over 24 hours, with $26 million in trading volume, ranking 12th among spot assets. I’m not chasing a big green candle. I’d scale in on a pullback to 0.193–0.197 (the top of the range from the past two days), and add more at 0.185–0.188 if it drops further. If the daily candle closes below 0.180, I’ll admit I’m wrong. First, I’m watching 0.208 above, then 0.215 and 0.224.

If you want to follow this whitelabel narrative, tap the trading widget below, $ENA , to check the chart. Place your orders, then get some sleep.

I just came across a post from the official House of Stake account: voting on HSP-029 is now open. It proposes gradually lowering annual issuance from 2.5% to 1.6% over 24 months, while keeping the staking and treasury split at 90/10. The proposal model estimates that roughly 11.8 million fewer tokens would be issued over two years, and around 66.1 million fewer over six. The forum at gov.near.org shows the status as “Voting,” and you can also visit houseofstake.org/proposals/29. For someone like me who keeps an eye on supply, voting being open today is more useful than just talking about cutting issuance.

Spot price just plunged to around 4.64, down about 6.3% over 24 hours, with trading volume above 100 million U. The intraday high briefly touched 5.043. I’d be willing to buy in batches if it pulls back to 4.64–4.72, and add more if it dips further to 4.50–4.60. If the daily candle closes below 4.45, I’ll admit I was wrong and step aside for now. Above that, I’m first watching for a move back to 4.85, then 5.00 and 5.14.

If you want to follow the supply narrative, check the chart in the trading widget below $NEAR —don’t just wait for the vote result before making a move.

I just came across this on TokenPost: Arbitrum is positioning Global Dollar (USDG) as the ecosystem’s main stablecoin, with the temperature check closing on October 22. The proposal’s core idea: add another 100 million $ARB to DRIP, raising the budget from roughly 65 million to about 165 million, and dedicate Seasons 2–4 to USDG. Most AEP fees would be converted to USDG and sent to the treasury. The Foundation has already voiced its support. This comes on top of the official account’s Stablecoin Growth Program announced on 10/15: the first 10 teams to reach 10 million USDG in TVL each get 200,000 ARB, from a 2 million ARB prize pool. To me, incentives, the treasury, and compliant dollars are all tied together here, and the voting window is just around the corner.

Spot is hovering around 0.191, down about 4.5% over 24 hours, with roughly 24 million U in trading volume. It hit 0.2041 this morning before dropping back to 0.1904. I’d be willing to buy in gradually on a pullback to 0.188–0.192, and add another tranche if it falls further to 0.175–0.180. If the daily candle closes below 0.174, I’ll admit I was wrong and step aside for now. On the upside, I’m watching for a move back to 0.197, then 0.204 and 0.215.

If you want to follow along, open the trading widget below at $ARB and check the chart yourself—don’t just wait around for the vote results.

I watched last night’s official announcement twice—the @Enter_Elysium team made the date crystal clear: Elysium mainnet launches on November 9. This isn’t just another empty promise of an L2; it’s the first general-purpose, high-performance L2 built for the Hyperliquid ecosystem, settling back to HyperEVM and using $HYPE for gas (bridged over at a 1:1 ratio). Alchemy and Quicknode have both confirmed they’ll provide RPC access from day one. To me, the narrative has taken another step beyond “perpetuals territory” toward “applications need room to grow, too.” The real upside this time is gas being tied to the native token.

Spot has been hovering around 78.6, down about 1.8% over 24 hours, with roughly 24 million U in trading volume. Yesterday’s high touched 80.43, and the October 18 wick plunged to 76.15 before bouncing back. I’d be willing to scale in around 77.5–78.3, then add another tranche if it drops further to 76.0–76.5. If the daily candle closes below 75.5, I’ll admit I’m wrong and exit for now. On the upside, I’m watching for a move back to 80.4, followed by the previous highs at 82.5 and 86.7.

If you want to follow along, open the $HYPE trading widget below and check the chart for yourself—don’t just echo the trending hashtags.

Last night, Owocki tweeted himself: the Gitcoin relaunch narrative suddenly caught fire, but he was pouring cold water on it—is this surge of attention actually “earned”? Could fundamentals still be lagging, with sentiment getting ahead of itself? Add the official announcement a few days ago that the relaunch would be called Techne, with a target launch in December, plus the lingering buzz from Upbit opening KRW and USDT markets in mid-October, and the price shot up overnight from around 0.28 to 0.376. It has now pulled back to 0.333, still up around ten percent in 24 hours, with trading volume ranking twentieth among non-stablecoin tokens on Binance Spot.

One reminder: according to the governance proposal, Techne will be a separate nonprofit initiative. GTC holders have no economic rights in Techne; the token remains for Gitcoin governance. My plan: buy on a pullback to 0.318–0.328; if it drops further, watch 0.277–0.290 (near last night’s low, where it recovered); if the daily candle closes below 0.270, I’ll consider this structure broken. First, watch 0.360 overhead; if it holds, the next test is the 0.376 high, then 0.400. The narrative is hot, but the founder is urging caution—don’t treat the “relaunch” as an immediate bullish catalyst.

Do you think real demand is coming back, or is sentiment getting ahead of itself? Tap $GTC to see the live chart, and share your limit order levels in the comments.

Last night, a Bloomberg ETF analyst posted a screenshot of the filing: BlackRock has submitted another new document for Bitcoin—the iShares Bitcoin Managed Protection ETF, ticker PBIT. This isn’t the old spot-ETF route; it comes with a “buffer”: capped upside and downside protection, tracking IBIT underneath and using options to create the structure. This is the third product line after the IBIT spot ETF and BITA’s premium income strategy. The Block also reported that IBIT’s assets are still above $65 billion. One reminder: a filing doesn’t mean approval, and public reports haven’t announced a listing date or fee yet.

On the market side, Bitcoin just printed $81,683, down about 0.5% over 24 hours. Binance spot trading volume is still ranked No. 1. It hit $83,158 overnight before slipping back. My own plan: first watch for a bounce in the $80,800–$81,400 zone; if it drops further, wait for $79,800–$80,700 (the Oct. 15 wick and the low from early on the 19th). If the daily candle closes below $79,800, I’ll consider the structure broken. On a rebound, first watch $82,200; if it holds above that, then look toward yesterday’s high of $83,158, with $84,350 as the next level above. Institutions are expanding their product lineup toward “greater stability,” but spot Bitcoin is still hovering around $81,000. Don’t mistake a filing for an immediate price-pumping signal.

Do you think the buffered ETF is a bullish catalyst being realized, or a case of “buy the rumor, sell the news”? Tap $BTC to check the live market, and share your limit-order levels in the comments.

Tomorrow is a big day for $ZEC —the development team is set to decide on the NU7 mainnet activation height. The testnet switched to 25-second block times on October 6 (down from 75 seconds), and November 5 is the target date. Whether it goes live on schedule all comes down to tomorrow’s decision.

Yesterday, the official @Zcash account also shared an update on its post-quantum plans: one-time viewing keys and unlinkable private swaps, summed up with the slogan “Private now, private in the future.” The upgrade window and privacy narrative are lining up, but the market action looks a little mixed.

At 3 a.m. this morning, the hourly candle spiked straight to 1049.01. During the day, it climbed all the way to 1191.76, and now it’s pulled back to around 1126. Binance spot 24-hour trading volume is still near the top of the rankings, and nobody can call this low volatility.

My plan: start with a small entry around 1110–1135; if it drops back to this morning’s low, I’ll wait for 1049–1075. If the daily close falls below 1040, I’m out—the structure is broken, and I won’t hold on. For a rebound, I’m watching 1170 first; if it holds above that, then today’s high of 1192, with 1280 as the next level beyond that. Decision days can bring fake-outs, so don’t go all in at once.

Are you betting on an activation height tomorrow, or a delay? Tap $ZEC to check the live market, and tell us in the comments where you’ve set your orders.

At 6:10 tonight, the official BNB Chain account announced its 37th quarterly burn: 1,646,196 BNB—$BNB sent straight to the burn address, worth about $1.197 billion at the time.

My first reaction was to look up the previous burn. The 36th burn in July destroyed 1.616 million BNB, worth about $932 million. This time, the number of coins was up by 30,000, and the dollar value was up 28.5%. The official historical chart shows that each of the 35th, 36th, and 37th burns was larger than the last. This was the biggest burn since the 29th. The total supply now stands at 131,512,085 BNB. We’re more than 68.5% of the way from 200 million down to 100 million.

The funny thing is, the market barely reacted. BNB was hovering around 724 on Binance spot, up 0.08% over 24 hours, and the hourly candle around the announcement even dipped to 723. What caught my eye was the 4 a.m. candle, which plunged to 705.86—almost exactly the same level as 708 on October 15—before quickly bouncing back above 720. That double bottom is what I’m watching.

My plan: place an initial order around 716–721, where the early-morning rally began. If it drops harder, I’ll wait for 705–709, around the two lows. If the daily candle closes below 698, I’m out—the structure will have broken, and I won’t hold on. To the upside, I’m watching today’s high at 729.5 first; if it holds above that, then 750 and 772.

Burns are bullish, but they’re not a launch button. Bitcoin dominance has climbed to around a 14-month high over the past couple of days, while altcoins are still getting drained. Don’t size your position too aggressively.

Do you think this $1.2 billion burn can push $BNB back to 750? Tap $BNB to check the live chart, and tell me in the comments where you’ve placed your orders.

Wall Street really has put DeFi on the trading desk today. CME Group is set to launch $UNI futures on October 19 (trading day), as planned. Each standard contract represents 10,000 tokens, while each Micro contract represents 1,000, with cash settlement. This is CME’s first futures product specifically for a decentralized exchange token.

Some people piled in when it was officially announced on September 22, and it touched 10.94 on September 23. But as the launch drew near, the price was sold off all the way down: it’s fallen about 30% from that high, and has retraced roughly 20% over the past two weeks. Some on-chain observers say it’s in a distribution phase, and Binance spot has also seen inflows pick up. And to put it bluntly: once futures go live, shorting gets easier too, so don’t expect an automatic rally on launch day.

The market first dipped, then recovered. It plunged to 6.81 at around 3 a.m. and has since clawed back to around 7.43. Twenty-four-hour trading volume is about 32 million U, putting it fourteenth in spot trading volume. The October 13 daily low of 6.74 is still holding as support.

My own game plan: scale in a little at 7.15–7.30, and keep a second entry level at 6.74–6.85 to catch a wick like the one overnight. If the daily candle closes below 6.70, I’ll admit I’m wrong. On the upside, I’m watching today’s high of 7.49 first; if it holds above that, then 7.85, and beyond that, 9.08 around October 5. Institutions being able to hedge doesn’t mean spot will explode higher right away, but the liquidity pool has definitely grown.

Do you think CME opening the gates is a bullish catalyst finally playing out, or does it just make it easier for both bulls and bears to trade in the short term? If you want to follow along, check the $UNI trading card below against the chart.