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Starknet holders just voted to study leaving Ethereum. Not to leave. To study it.
The facts:
• Non-binding Snapshot poll, Oct 15-22, open to STRK stakers and delegators
• 93.52% of voting power in favor, 3,236 votes, the highest turnout in Starknet governance history (StarkWare abstained)
• Question: should Starknet research becoming an independent, post-quantum Layer 1?
• StarkWare + Starknet Foundation have formed a working group; a draft white paper is expected in November
• STRK stays the native token, no new token planned, Ethereum bridges expected to stay open
• Any actual move needs a separate, binding governance vote
Why it's on the table: STARK proofs are hash-based and accounts can adopt post-quantum signatures, but the bridge and data availability lean on Ethereum's elliptic-curve crypto. StarkWare wants quantum safety by 2027; Ethereum's target is 2029.
The market isn't buying the story yet. $STRK at 0.0464 (-6.1% 24h, Binance spot 16:18 KST), sitting on its 14-day low of 0.0457. It spiked to 0.1265 around the Oct 8 proposal, then gave the whole move back. $ETH 2,348 (-1.5%).
Bull case: a credible white paper turns "quantum-ready" into a real differentiator and STRK gets a narrative beyond L2 fees.
Bear case: leaving Ethereum means building its own consensus and validator security, fragmenting liquidity, and years of execution risk. Fresh lows show sellers still in charge.
Watch: the November white paper and whether STRK can hold the 0.045 area.
Is going solo a smart quantum hedge, or a costly break from Ethereum?
Source: https://starkware.co/blog/whats-next-following-the-starknet-l1-vote/
Not financial advice. DYOR.
#WriteToEarn
Starknet holders just voted to study leaving Ethereum. Not to leave. To study it.
The facts:
• Non-binding Snapshot poll, Oct 15-22, open to STRK stakers and delegators
• 93.52% of voting power in favor, 3,236 votes, the highest turnout in Starknet governance history (StarkWare abstained)
• Question: should Starknet research becoming an independent, post-quantum Layer 1?
• StarkWare + Starknet Foundation have formed a working group; a draft white paper is expected in November
• STRK stays the native token, no new token planned, Ethereum bridges expected to stay open
• Any actual move needs a separate, binding governance vote
Why it's on the table: STARK proofs are hash-based and accounts can adopt post-quantum signatures, but the bridge and data availability lean on Ethereum's elliptic-curve crypto. StarkWare wants quantum safety by 2027; Ethereum's target is 2029.
The market isn't buying the story yet. $STRK at 0.0464 (-6.1% 24h, Binance spot 16:18 KST), sitting on its 14-day low of 0.0457. It spiked to 0.1265 around the Oct 8 proposal, then gave the whole move back. $ETH 2,348 (-1.5%).
Bull case: a credible white paper turns "quantum-ready" into a real differentiator and STRK gets a narrative beyond L2 fees.
Bear case: leaving Ethereum means building its own consensus and validator security, fragmenting liquidity, and years of execution risk. Fresh lows show sellers still in charge.
Watch: the November white paper and whether STRK can hold the 0.045 area.
Is going solo a smart quantum hedge, or a costly break from Ethereum?
Source: https://starkware.co/blog/whats-next-following-the-starknet-l1-vote/
Not financial advice. DYOR.
#WriteToEarn
The facts:
• Non-binding Snapshot poll, Oct 15-22, open to STRK stakers and delegators
• 93.52% of voting power in favor, 3,236 votes, the highest turnout in Starknet governance history (StarkWare abstained)
• Question: should Starknet research becoming an independent, post-quantum Layer 1?
• StarkWare + Starknet Foundation have formed a working group; a draft white paper is expected in November
• STRK stays the native token, no new token planned, Ethereum bridges expected to stay open
• Any actual move needs a separate, binding governance vote
Why it's on the table: STARK proofs are hash-based and accounts can adopt post-quantum signatures, but the bridge and data availability lean on Ethereum's elliptic-curve crypto. StarkWare wants quantum safety by 2027; Ethereum's target is 2029.
The market isn't buying the story yet. $STRK at 0.0464 (-6.1% 24h, Binance spot 16:18 KST), sitting on its 14-day low of 0.0457. It spiked to 0.1265 around the Oct 8 proposal, then gave the whole move back. $ETH 2,348 (-1.5%).
Bull case: a credible white paper turns "quantum-ready" into a real differentiator and STRK gets a narrative beyond L2 fees.
Bear case: leaving Ethereum means building its own consensus and validator security, fragmenting liquidity, and years of execution risk. Fresh lows show sellers still in charge.
Watch: the November white paper and whether STRK can hold the 0.045 area.
Is going solo a smart quantum hedge, or a costly break from Ethereum?
Source: https://starkware.co/blog/whats-next-following-the-starknet-l1-vote/
Not financial advice. DYOR.
#WriteToEarn
7
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South Korea's 22% crypto tax is getting pushed back again, reportedly for the 4th time.
What's reported (Oct 25):
• The presidential office is moving to delay the tax set to start Jan 1, 2027
• Rule: 22% combined rate on yearly crypto transfer/lending gains above a 2.5M won deduction
• First passed in 2020, already delayed 3 times (2022 → 2023 → 2025 → 2027)
• 2029 is the date under discussion, tied to the US joining the OECD's CARF crypto reporting framework that year
• Not final yet: the law still needs amending, expected in the November tax review
Why it matters: one of the most active retail crypto markets avoids a new tax hit for now, and the CARF link shows tax timing is becoming a global coordination issue, not just a local one.
Market check (Binance spot, 15:20 KST): $BTC 80,672 (-0.1%, 24h low 79,221) | $ETH 2,353 (-1.1%, low 2,282).
Bull case: less tax overhang keeps retail activity and liquidity healthy into 2027.
Bear case: it's a local policy delay, not new demand. Macro (Fed Oct 27-28, oil) still drives price, and the bill could change in review.
Should crypto taxes wait until global reporting rules are in place?
Source: https://en.sedaily.com/politics/2026/10/25/presidential-office-decides-to-delay-crypto-tax-again
Not financial advice. DYOR.
#WriteToEarn
South Korea's 22% crypto tax is getting pushed back again, reportedly for the 4th time.
What's reported (Oct 25):
• The presidential office is moving to delay the tax set to start Jan 1, 2027
• Rule: 22% combined rate on yearly crypto transfer/lending gains above a 2.5M won deduction
• First passed in 2020, already delayed 3 times (2022 → 2023 → 2025 → 2027)
• 2029 is the date under discussion, tied to the US joining the OECD's CARF crypto reporting framework that year
• Not final yet: the law still needs amending, expected in the November tax review
Why it matters: one of the most active retail crypto markets avoids a new tax hit for now, and the CARF link shows tax timing is becoming a global coordination issue, not just a local one.
Market check (Binance spot, 15:20 KST): $BTC 80,672 (-0.1%, 24h low 79,221) | $ETH 2,353 (-1.1%, low 2,282).
Bull case: less tax overhang keeps retail activity and liquidity healthy into 2027.
Bear case: it's a local policy delay, not new demand. Macro (Fed Oct 27-28, oil) still drives price, and the bill could change in review.
Should crypto taxes wait until global reporting rules are in place?
Source: https://en.sedaily.com/politics/2026/10/25/presidential-office-decides-to-delay-crypto-tax-again
Not financial advice. DYOR.
#WriteToEarn
What's reported (Oct 25):
• The presidential office is moving to delay the tax set to start Jan 1, 2027
• Rule: 22% combined rate on yearly crypto transfer/lending gains above a 2.5M won deduction
• First passed in 2020, already delayed 3 times (2022 → 2023 → 2025 → 2027)
• 2029 is the date under discussion, tied to the US joining the OECD's CARF crypto reporting framework that year
• Not final yet: the law still needs amending, expected in the November tax review
Why it matters: one of the most active retail crypto markets avoids a new tax hit for now, and the CARF link shows tax timing is becoming a global coordination issue, not just a local one.
Market check (Binance spot, 15:20 KST): $BTC 80,672 (-0.1%, 24h low 79,221) | $ETH 2,353 (-1.1%, low 2,282).
Bull case: less tax overhang keeps retail activity and liquidity healthy into 2027.
Bear case: it's a local policy delay, not new demand. Macro (Fed Oct 27-28, oil) still drives price, and the bill could change in review.
Should crypto taxes wait until global reporting rules are in place?
Source: https://en.sedaily.com/politics/2026/10/25/presidential-office-decides-to-delay-crypto-tax-again
Not financial advice. DYOR.
#WriteToEarn
463
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Wall Street just gave a Bitcoin miner more room to build for AI.
TeraWulf (WULF) amended its Morgan Stanley-led revolving credit facility on Oct 23 (SEC 8-K):
• Commitments up from $250M to ~$400M
• Uncommitted accordion for ~$150M more (needs new lender commitments)
• The $150M letter-of-credit sublimit is removed
• Collateral can be released once certain conditions are met
Why it matters: miners are turning power sites into AI/HPC capacity, and bank credit lines are becoming part of that playbook. Less pressure to sell mined $BTC to fund buildouts could ease one source of supply, but more leverage also means more balance-sheet risk.
BTC sits at 80,900 (+0.05% 24h, Binance spot 14:16 KST), with a 14-day range of 79,221 to 84,898.
Bull case: cheaper capital speeds up AI pivots and steadier revenue cuts forced BTC selling.
Bear case: the accordion isn't committed, AI demand could cool, and the full terms only arrive with the Q3 10-Q.
Are AI pivots good for Bitcoin, or a sign mining margins are too thin?
Source: https://www.sec.gov/Archives/edgar/data/1083301/000162828026067100/wulf-20261023.htm
Not financial advice. DYOR.
#WriteToEarn
Wall Street just gave a Bitcoin miner more room to build for AI.
TeraWulf (WULF) amended its Morgan Stanley-led revolving credit facility on Oct 23 (SEC 8-K):
• Commitments up from $250M to ~$400M
• Uncommitted accordion for ~$150M more (needs new lender commitments)
• The $150M letter-of-credit sublimit is removed
• Collateral can be released once certain conditions are met
Why it matters: miners are turning power sites into AI/HPC capacity, and bank credit lines are becoming part of that playbook. Less pressure to sell mined $BTC to fund buildouts could ease one source of supply, but more leverage also means more balance-sheet risk.
BTC sits at 80,900 (+0.05% 24h, Binance spot 14:16 KST), with a 14-day range of 79,221 to 84,898.
Bull case: cheaper capital speeds up AI pivots and steadier revenue cuts forced BTC selling.
Bear case: the accordion isn't committed, AI demand could cool, and the full terms only arrive with the Q3 10-Q.
Are AI pivots good for Bitcoin, or a sign mining margins are too thin?
Source: https://www.sec.gov/Archives/edgar/data/1083301/000162828026067100/wulf-20261023.htm
Not financial advice. DYOR.
#WriteToEarn
TeraWulf (WULF) amended its Morgan Stanley-led revolving credit facility on Oct 23 (SEC 8-K):
• Commitments up from $250M to ~$400M
• Uncommitted accordion for ~$150M more (needs new lender commitments)
• The $150M letter-of-credit sublimit is removed
• Collateral can be released once certain conditions are met
Why it matters: miners are turning power sites into AI/HPC capacity, and bank credit lines are becoming part of that playbook. Less pressure to sell mined $BTC to fund buildouts could ease one source of supply, but more leverage also means more balance-sheet risk.
BTC sits at 80,900 (+0.05% 24h, Binance spot 14:16 KST), with a 14-day range of 79,221 to 84,898.
Bull case: cheaper capital speeds up AI pivots and steadier revenue cuts forced BTC selling.
Bear case: the accordion isn't committed, AI demand could cool, and the full terms only arrive with the Q3 10-Q.
Are AI pivots good for Bitcoin, or a sign mining margins are too thin?
Source: https://www.sec.gov/Archives/edgar/data/1083301/000162828026067100/wulf-20261023.htm
Not financial advice. DYOR.
#WriteToEarn
13
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Prediction markets just moved inside a self-custody wallet.
Phantom began rolling out Kalshi event contracts to US users on Oct 23, with access expanding over the next few weeks.
How it works:
• Trade sports, politics, economics and culture markets in the Phantom app
• KYC is done with Kalshi, a CFTC-registered exchange that holds the accounts and executes trades
• Funding via Phantom's dollar-pegged CASH stablecoin; winnings go back to Phantom Cash
• Fee quoted at $0.02 per contract plus a small network fee
• Phantom relies on CFTC no-action relief (Staff Letter 26-09) to avoid introducing-broker registration
The catch: state fights with Kalshi are still live. Phantom is blocking some categories in Michigan, Nevada and Washington, and those limits could change as cases play out.
$SOL is at $102.53 (-0.03% 24h, Binance spot, 13:17 KST), with a 14-day range of $98.62 to $113.40.
Bull case: wallets become all-in-one finance apps, bringing new users and stablecoin flow onchain.
Bear case: state rulings shrink what can be offered, and thin markets make it hard to cash out at fair prices.
Would you trade event contracts straight from your wallet?
Source: https://phantom.com/learn/blog/phantom-puts-its-cftc-no-action-relief-to-work-bringing-prediction-markets-to-us-users
Not financial advice. DYOR.
#WriteToEarn
Prediction markets just moved inside a self-custody wallet.
Phantom began rolling out Kalshi event contracts to US users on Oct 23, with access expanding over the next few weeks.
How it works:
• Trade sports, politics, economics and culture markets in the Phantom app
• KYC is done with Kalshi, a CFTC-registered exchange that holds the accounts and executes trades
• Funding via Phantom's dollar-pegged CASH stablecoin; winnings go back to Phantom Cash
• Fee quoted at $0.02 per contract plus a small network fee
• Phantom relies on CFTC no-action relief (Staff Letter 26-09) to avoid introducing-broker registration
The catch: state fights with Kalshi are still live. Phantom is blocking some categories in Michigan, Nevada and Washington, and those limits could change as cases play out.
$SOL is at $102.53 (-0.03% 24h, Binance spot, 13:17 KST), with a 14-day range of $98.62 to $113.40.
Bull case: wallets become all-in-one finance apps, bringing new users and stablecoin flow onchain.
Bear case: state rulings shrink what can be offered, and thin markets make it hard to cash out at fair prices.
Would you trade event contracts straight from your wallet?
Source: https://phantom.com/learn/blog/phantom-puts-its-cftc-no-action-relief-to-work-bringing-prediction-markets-to-us-users
Not financial advice. DYOR.
#WriteToEarn
Phantom began rolling out Kalshi event contracts to US users on Oct 23, with access expanding over the next few weeks.
How it works:
• Trade sports, politics, economics and culture markets in the Phantom app
• KYC is done with Kalshi, a CFTC-registered exchange that holds the accounts and executes trades
• Funding via Phantom's dollar-pegged CASH stablecoin; winnings go back to Phantom Cash
• Fee quoted at $0.02 per contract plus a small network fee
• Phantom relies on CFTC no-action relief (Staff Letter 26-09) to avoid introducing-broker registration
The catch: state fights with Kalshi are still live. Phantom is blocking some categories in Michigan, Nevada and Washington, and those limits could change as cases play out.
$SOL is at $102.53 (-0.03% 24h, Binance spot, 13:17 KST), with a 14-day range of $98.62 to $113.40.
Bull case: wallets become all-in-one finance apps, bringing new users and stablecoin flow onchain.
Bear case: state rulings shrink what can be offered, and thin markets make it hard to cash out at fair prices.
Would you trade event contracts straight from your wallet?
Source: https://phantom.com/learn/blog/phantom-puts-its-cftc-no-action-relief-to-work-bringing-prediction-markets-to-us-users
Not financial advice. DYOR.
#WriteToEarn
29
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Aave wants to lock down reentrancy without breaking flash-loan liquidations.
Aave Labs' V3.8 proposal (posted Oct 21) adds one security change: a reentrancy guard on Pool operations during external callbacks, built on EIP-1153 transient storage, so the lock lives only for one transaction and costs little gas.
Key clarification (Oct 23): flashLoan() and flashLoanSimple() stay OUTSIDE the guard. Liquidation bots that borrow via flash loan and liquidate inside the callback keep working as today.
Status: still an ARFC. Next comes Snapshot, then Certora + third-party audits, then an on-chain AIP. Nothing is deployed yet.
$AAVE: 138.14, -4.7% in 24h (range 134.00-145.14), sitting at its 14-day low after topping 173.03 (Binance spot, 12:16 KST).
My take: defense-in-depth before any incident is the right order, and the flash-loan carve-out avoids breaking the liquidation engine that keeps the protocol solvent.
Bull case: smooth vote + clean audits reinforce Aave's security reputation while price retests support.
Bear case: governance news rarely moves price, 134 is the line bulls must hold, and the final code still has to match the stated design.
Would you rather see more upgrades like this, or fewer moving parts?
Source: https://governance.aave.com/t/arfc-aave-v3-8/25891
#WriteToEarn
Not financial advice. DYOR.
Aave wants to lock down reentrancy without breaking flash-loan liquidations.
Aave Labs' V3.8 proposal (posted Oct 21) adds one security change: a reentrancy guard on Pool operations during external callbacks, built on EIP-1153 transient storage, so the lock lives only for one transaction and costs little gas.
Key clarification (Oct 23): flashLoan() and flashLoanSimple() stay OUTSIDE the guard. Liquidation bots that borrow via flash loan and liquidate inside the callback keep working as today.
Status: still an ARFC. Next comes Snapshot, then Certora + third-party audits, then an on-chain AIP. Nothing is deployed yet.
$AAVE : 138.14, -4.7% in 24h (range 134.00-145.14), sitting at its 14-day low after topping 173.03 (Binance spot, 12:16 KST).
My take: defense-in-depth before any incident is the right order, and the flash-loan carve-out avoids breaking the liquidation engine that keeps the protocol solvent.
Bull case: smooth vote + clean audits reinforce Aave's security reputation while price retests support.
Bear case: governance news rarely moves price, 134 is the line bulls must hold, and the final code still has to match the stated design.
Would you rather see more upgrades like this, or fewer moving parts?
Source: https://governance.aave.com/t/arfc-aave-v3-8/25891
#WriteToEarn
Not financial advice. DYOR.
Aave Labs' V3.8 proposal (posted Oct 21) adds one security change: a reentrancy guard on Pool operations during external callbacks, built on EIP-1153 transient storage, so the lock lives only for one transaction and costs little gas.
Key clarification (Oct 23): flashLoan() and flashLoanSimple() stay OUTSIDE the guard. Liquidation bots that borrow via flash loan and liquidate inside the callback keep working as today.
Status: still an ARFC. Next comes Snapshot, then Certora + third-party audits, then an on-chain AIP. Nothing is deployed yet.
$AAVE : 138.14, -4.7% in 24h (range 134.00-145.14), sitting at its 14-day low after topping 173.03 (Binance spot, 12:16 KST).
My take: defense-in-depth before any incident is the right order, and the flash-loan carve-out avoids breaking the liquidation engine that keeps the protocol solvent.
Bull case: smooth vote + clean audits reinforce Aave's security reputation while price retests support.
Bear case: governance news rarely moves price, 134 is the line bulls must hold, and the final code still has to match the stated design.
Would you rather see more upgrades like this, or fewer moving parts?
Source: https://governance.aave.com/t/arfc-aave-v3-8/25891
#WriteToEarn
Not financial advice. DYOR.
68
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Circle just made wrapped Bitcoin multichain in one balance.
On Oct 23, Circle Gateway added cirBTC (its 1:1 BTC-backed token, launched Aug 21) and EURC alongside USDC:
- One unified balance per asset, crosschain access in under 500ms after a deposit finalizes
- cirBTC: Arc + Ethereum. EURC: Arc, Avalanche, Base, Ethereum, Solana, World Chain
- Circle natively mints on the destination chain, so no third-party bridge inventory
- Fees: waived on Arc at launch, 1 bp elsewhere (USDC 0.5 bp); permissionless withdrawals carry a 7-day delay
Why it matters: BTC liquidity on-chain is still fragmented across wrappers and bridges. A regulated issuer offering "deposit once, use anywhere" is aimed squarely at market makers, PSPs and AI-agent payments.
Bull case: easier BTC collateral for DeFi and payments, more competition for existing wrapped BTC.
Bear case: only 2 chains for cirBTC so far, custodial trust in one issuer, and adoption is unproven.
$BTC sits at $80,929 (flat 24h, 24h low $79,221; 14d range $79,221-$84,898, Binance spot 11:14 KST). Holding $80K matters more than any product launch this week.
Would you hold BTC as a Circle-issued token?
Source: https://www.circle.com/blog/circle-gateway-now-supports-cirbtc-and-eurc
Not financial advice. DYOR.
#WriteToEarn
Circle just made wrapped Bitcoin multichain in one balance.
On Oct 23, Circle Gateway added cirBTC (its 1:1 BTC-backed token, launched Aug 21) and EURC alongside USDC:
- One unified balance per asset, crosschain access in under 500ms after a deposit finalizes
- cirBTC: Arc + Ethereum. EURC: Arc, Avalanche, Base, Ethereum, Solana, World Chain
- Circle natively mints on the destination chain, so no third-party bridge inventory
- Fees: waived on Arc at launch, 1 bp elsewhere (USDC 0.5 bp); permissionless withdrawals carry a 7-day delay
Why it matters: BTC liquidity on-chain is still fragmented across wrappers and bridges. A regulated issuer offering "deposit once, use anywhere" is aimed squarely at market makers, PSPs and AI-agent payments.
Bull case: easier BTC collateral for DeFi and payments, more competition for existing wrapped BTC.
Bear case: only 2 chains for cirBTC so far, custodial trust in one issuer, and adoption is unproven.
$BTC sits at $80,929 (flat 24h, 24h low $79,221; 14d range $79,221-$84,898, Binance spot 11:14 KST). Holding $80K matters more than any product launch this week.
Would you hold BTC as a Circle-issued token?
Source: https://www.circle.com/blog/circle-gateway-now-supports-cirbtc-and-eurc
Not financial advice. DYOR.
#WriteToEarn
On Oct 23, Circle Gateway added cirBTC (its 1:1 BTC-backed token, launched Aug 21) and EURC alongside USDC:
- One unified balance per asset, crosschain access in under 500ms after a deposit finalizes
- cirBTC: Arc + Ethereum. EURC: Arc, Avalanche, Base, Ethereum, Solana, World Chain
- Circle natively mints on the destination chain, so no third-party bridge inventory
- Fees: waived on Arc at launch, 1 bp elsewhere (USDC 0.5 bp); permissionless withdrawals carry a 7-day delay
Why it matters: BTC liquidity on-chain is still fragmented across wrappers and bridges. A regulated issuer offering "deposit once, use anywhere" is aimed squarely at market makers, PSPs and AI-agent payments.
Bull case: easier BTC collateral for DeFi and payments, more competition for existing wrapped BTC.
Bear case: only 2 chains for cirBTC so far, custodial trust in one issuer, and adoption is unproven.
$BTC sits at $80,929 (flat 24h, 24h low $79,221; 14d range $79,221-$84,898, Binance spot 11:14 KST). Holding $80K matters more than any product launch this week.
Would you hold BTC as a Circle-issued token?
Source: https://www.circle.com/blog/circle-gateway-now-supports-cirbtc-and-eurc
Not financial advice. DYOR.
#WriteToEarn
40
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Arthur Hayes just went to cash on his directional crypto bets. 🧭
"I dumped it all," he posted on X: Maelstrom's directional book is closed, with profits taken on ETH, ENA, UNI "and other shitcoins." His read: "I think we gotta go down to go up," with macro and geopolitics looking "dicey."
What on-chain trackers saw (Lookonchain, wallets linked to Hayes, not confirmed by him):
• ~$22.28M sold in total
• 6,400 ETH (~$15.2M, about 68% of it)
• 14M ENA (~$2.76M), 323K UNI (~$2.24M)
• Smaller ETHFI, AERO, PENDLE, ZAMA
EmberCN put the total higher, ~$26.1M.
Market now (Binance spot, 10:20 KST):
$ETH 2,356.8 (-0.9% 24h), 24h low 2,282, 14-day range 2,282–2,580
$ENA 0.1949 (-0.8%), 14-day range 0.174–0.247
BTC ~80,800, roughly flat
My take: this is one fund's de-risking, not a market signal by itself. Hayes trades macro and has flipped from "max risk" to sidelines fast before. ETH is already sitting near its 2-month low, so a lot of the caution may be priced in.
Bull case: ETH holds the 2,280 zone and reclaims ~2,400, and the exit becomes a "sold the low" moment.
Bear case: a clean break under 2,280 opens room toward the August area near 2,220 as others follow the risk-off mood.
Risks: Fed meeting Oct 28, geopolitical headlines, weekend liquidity.
Are you following Hayes to the sidelines or buying fear?
Source: https://x.com/CryptoHayes/status/2113877751803642092
On-chain: https://www.lookonchain.com/feeds/78473
Not financial advice. DYOR.
#WriteToEarn
Arthur Hayes just went to cash on his directional crypto bets. 🧭
"I dumped it all," he posted on X: Maelstrom's directional book is closed, with profits taken on ETH, ENA, UNI "and other shitcoins." His read: "I think we gotta go down to go up," with macro and geopolitics looking "dicey."
What on-chain trackers saw (Lookonchain, wallets linked to Hayes, not confirmed by him):
• ~$22.28M sold in total
• 6,400 ETH (~$15.2M, about 68% of it)
• 14M ENA (~$2.76M), 323K UNI (~$2.24M)
• Smaller ETHFI, AERO, PENDLE, ZAMA
EmberCN put the total higher, ~$26.1M.
Market now (Binance spot, 10:20 KST):
$ETH 2,356.8 (-0.9% 24h), 24h low 2,282, 14-day range 2,282–2,580
$ENA 0.1949 (-0.8%), 14-day range 0.174–0.247
BTC ~80,800, roughly flat
My take: this is one fund's de-risking, not a market signal by itself. Hayes trades macro and has flipped from "max risk" to sidelines fast before. ETH is already sitting near its 2-month low, so a lot of the caution may be priced in.
Bull case: ETH holds the 2,280 zone and reclaims ~2,400, and the exit becomes a "sold the low" moment.
Bear case: a clean break under 2,280 opens room toward the August area near 2,220 as others follow the risk-off mood.
Risks: Fed meeting Oct 28, geopolitical headlines, weekend liquidity.
Are you following Hayes to the sidelines or buying fear?
Source: https://x.com/CryptoHayes/status/2113877751803642092
On-chain: https://www.lookonchain.com/feeds/78473
Not financial advice. DYOR.
#WriteToEarn
"I dumped it all," he posted on X: Maelstrom's directional book is closed, with profits taken on ETH, ENA, UNI "and other shitcoins." His read: "I think we gotta go down to go up," with macro and geopolitics looking "dicey."
What on-chain trackers saw (Lookonchain, wallets linked to Hayes, not confirmed by him):
• ~$22.28M sold in total
• 6,400 ETH (~$15.2M, about 68% of it)
• 14M ENA (~$2.76M), 323K UNI (~$2.24M)
• Smaller ETHFI, AERO, PENDLE, ZAMA
EmberCN put the total higher, ~$26.1M.
Market now (Binance spot, 10:20 KST):
$ETH 2,356.8 (-0.9% 24h), 24h low 2,282, 14-day range 2,282–2,580
$ENA 0.1949 (-0.8%), 14-day range 0.174–0.247
BTC ~80,800, roughly flat
My take: this is one fund's de-risking, not a market signal by itself. Hayes trades macro and has flipped from "max risk" to sidelines fast before. ETH is already sitting near its 2-month low, so a lot of the caution may be priced in.
Bull case: ETH holds the 2,280 zone and reclaims ~2,400, and the exit becomes a "sold the low" moment.
Bear case: a clean break under 2,280 opens room toward the August area near 2,220 as others follow the risk-off mood.
Risks: Fed meeting Oct 28, geopolitical headlines, weekend liquidity.
Are you following Hayes to the sidelines or buying fear?
Source: https://x.com/CryptoHayes/status/2113877751803642092
On-chain: https://www.lookonchain.com/feeds/78473
Not financial advice. DYOR.
#WriteToEarn
191
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Verified
Franklin Templeton is about to turn stock dividends into Bitcoin. 🧩
Two new Nasdaq ETFs, FBEQ and FIBT, have their prospectuses going effective Tue Oct 27 (8-A filed Oct 22). Trading date not announced yet.
How it works:
• FBEQ tracks 500 large US stocks, starts ~95% equities / 5% BTC, fee 0.09%
• FIBT is the innovation-100 version, fee 0.19%
• Every dividend gets reinvested into BTC the next market open
• BTC weight trimmed back to 4.5% at quarterly rebalance if above 5%, or anytime it tops 20%
My take: this is a slow, steady, rules-based bid. Small per fund, but it puts BTC inside a "normal" equity wrapper that dividend-focused savers already understand.
$BTC now ~80,786 (-0.2% 24h, low 79,221, 14d range 79,221-84,898).
Bull case: new retail-friendly wrappers widen the buyer base even while spot ETFs saw ~$773M out Thu+Fri.
Bear case: inflows start tiny, launch date can slip again, and a 4.5% cap limits impact.
Would you hold stocks that pay you in BTC?
Source: https://www.sec.gov/Archives/edgar/data/1655589/000207184426001456/fibtfbeq8a12b10222026.htm
Not financial advice. DYOR.
#WriteToEarn
Franklin Templeton is about to turn stock dividends into Bitcoin. 🧩
Two new Nasdaq ETFs, FBEQ and FIBT, have their prospectuses going effective Tue Oct 27 (8-A filed Oct 22). Trading date not announced yet.
How it works:
• FBEQ tracks 500 large US stocks, starts ~95% equities / 5% BTC, fee 0.09%
• FIBT is the innovation-100 version, fee 0.19%
• Every dividend gets reinvested into BTC the next market open
• BTC weight trimmed back to 4.5% at quarterly rebalance if above 5%, or anytime it tops 20%
My take: this is a slow, steady, rules-based bid. Small per fund, but it puts BTC inside a "normal" equity wrapper that dividend-focused savers already understand.
$BTC now ~80,786 (-0.2% 24h, low 79,221, 14d range 79,221-84,898).
Bull case: new retail-friendly wrappers widen the buyer base even while spot ETFs saw ~$773M out Thu+Fri.
Bear case: inflows start tiny, launch date can slip again, and a 4.5% cap limits impact.
Would you hold stocks that pay you in BTC?
Source: https://www.sec.gov/Archives/edgar/data/1655589/000207184426001456/fibtfbeq8a12b10222026.htm
Not financial advice. DYOR.
#WriteToEarn
Two new Nasdaq ETFs, FBEQ and FIBT, have their prospectuses going effective Tue Oct 27 (8-A filed Oct 22). Trading date not announced yet.
How it works:
• FBEQ tracks 500 large US stocks, starts ~95% equities / 5% BTC, fee 0.09%
• FIBT is the innovation-100 version, fee 0.19%
• Every dividend gets reinvested into BTC the next market open
• BTC weight trimmed back to 4.5% at quarterly rebalance if above 5%, or anytime it tops 20%
My take: this is a slow, steady, rules-based bid. Small per fund, but it puts BTC inside a "normal" equity wrapper that dividend-focused savers already understand.
$BTC now ~80,786 (-0.2% 24h, low 79,221, 14d range 79,221-84,898).
Bull case: new retail-friendly wrappers widen the buyer base even while spot ETFs saw ~$773M out Thu+Fri.
Bear case: inflows start tiny, launch date can slip again, and a 4.5% cap limits impact.
Would you hold stocks that pay you in BTC?
Source: https://www.sec.gov/Archives/edgar/data/1655589/000207184426001456/fibtfbeq8a12b10222026.htm
Not financial advice. DYOR.
#WriteToEarn
1
1.8k
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Sunday morning game plan: one coin reclaiming, one still leaking. 🎯
$ZEC LONG scenario (~1,208 at 08:32 KST)
Bounced hard off 1,118 and reclaimed 1,200 with rising hourly volume.
• Entry zone: 1,175–1,192 (pullback to the breakout area)
• Stop: 4h close below 1,145
• T1: 1,240–1,260 | T2: 1,290–1,300 (prior 4h highs)
$NEAR SHORT scenario (~4.50 at 08:32 KST)
Lower highs all week, 7-day low printed at 4.25; the bounce so far looks weak.
• Entry zone: 4.56–4.68 (retest of the breakdown area)
• Stop: 4h close above 4.80
• T1: 4.40–4.42 | T2: 4.25–4.28 (weekly low)
Context: BTC ~80,700, holding the 80K area. If BTC loses it, longs get shakier; if it reclaims 82K, shorts need extra caution.
Levels from Binance spot 1h/4h candles. Scenarios, not predictions.
Not financial advice. Setups can fail; manage your risk. DYOR.
#WriteToEarn
Sunday morning game plan: one coin reclaiming, one still leaking. 🎯
$ZEC LONG scenario (~1,208 at 08:32 KST)
Bounced hard off 1,118 and reclaimed 1,200 with rising hourly volume.
• Entry zone: 1,175–1,192 (pullback to the breakout area)
• Stop: 4h close below 1,145
• T1: 1,240–1,260 | T2: 1,290–1,300 (prior 4h highs)
$NEAR SHORT scenario (~4.50 at 08:32 KST)
Lower highs all week, 7-day low printed at 4.25; the bounce so far looks weak.
• Entry zone: 4.56–4.68 (retest of the breakdown area)
• Stop: 4h close above 4.80
• T1: 4.40–4.42 | T2: 4.25–4.28 (weekly low)
Context: BTC ~80,700, holding the 80K area. If BTC loses it, longs get shakier; if it reclaims 82K, shorts need extra caution.
Levels from Binance spot 1h/4h candles. Scenarios, not predictions.
Not financial advice. Setups can fail; manage your risk. DYOR.
#WriteToEarn
$ZEC LONG scenario (~1,208 at 08:32 KST)
Bounced hard off 1,118 and reclaimed 1,200 with rising hourly volume.
• Entry zone: 1,175–1,192 (pullback to the breakout area)
• Stop: 4h close below 1,145
• T1: 1,240–1,260 | T2: 1,290–1,300 (prior 4h highs)
$NEAR SHORT scenario (~4.50 at 08:32 KST)
Lower highs all week, 7-day low printed at 4.25; the bounce so far looks weak.
• Entry zone: 4.56–4.68 (retest of the breakdown area)
• Stop: 4h close above 4.80
• T1: 4.40–4.42 | T2: 4.25–4.28 (weekly low)
Context: BTC ~80,700, holding the 80K area. If BTC loses it, longs get shakier; if it reclaims 82K, shorts need extra caution.
Levels from Binance spot 1h/4h candles. Scenarios, not predictions.
Not financial advice. Setups can fail; manage your risk. DYOR.
#WriteToEarn
291
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Verified
BNB Chain just became the #1 chain for tokenized stocks, and it wasn't close. 📈
Q3 2026 (Blockworks data):
• Tokenized-equity volume: ~$25.6B, about 11x Q2's $2.4B
• Over half of the $45.8B tokenized-asset DEX volume (Robinhood Chain $10.2B, Solana $6.4B)
• Tokenized equity supply: $1.13B, ~39% of all on-chain public equities
• ~1.8M holders, and network revenue up 54% QoQ to $54.2M
The catch: concentration. QQQB (tokenized Invesco QQQ) made up ~80% of bStocks DEX volume. One hot product isn't a durable market yet.
$BNB now: $735.4 (-0.1% 24h, Binance spot 08:19 KST), 24h range $718-$741.5.
Bull case: liquidity spreads to more equities in Q4, fees keep climbing, and a daily close above the $750-758 area (2-week high) opens room.
Bear case: volume fades after the launch wave, risk-off continues with BTC near $80.5K, and losing $718 puts the $706-710 lows in play.
Is tokenized stock trading crypto's next real use case, or a one-quarter spike?
Source: https://news.bitcoin.com/defi/bnb-chain-tops-solana-robinhood-as-equity-volume-jumps-11x-to-25-6b/
Not financial advice. DYOR.
#WriteToEarn
BNB Chain just became the #1 chain for tokenized stocks, and it wasn't close. 📈
Q3 2026 (Blockworks data):
• Tokenized-equity volume: ~$25.6B, about 11x Q2's $2.4B
• Over half of the $45.8B tokenized-asset DEX volume (Robinhood Chain $10.2B, Solana $6.4B)
• Tokenized equity supply: $1.13B, ~39% of all on-chain public equities
• ~1.8M holders, and network revenue up 54% QoQ to $54.2M
The catch: concentration. QQQB (tokenized Invesco QQQ) made up ~80% of bStocks DEX volume. One hot product isn't a durable market yet.
$BNB now: $735.4 (-0.1% 24h, Binance spot 08:19 KST), 24h range $718-$741.5.
Bull case: liquidity spreads to more equities in Q4, fees keep climbing, and a daily close above the $750-758 area (2-week high) opens room.
Bear case: volume fades after the launch wave, risk-off continues with BTC near $80.5K, and losing $718 puts the $706-710 lows in play.
Is tokenized stock trading crypto's next real use case, or a one-quarter spike?
Source: https://news.bitcoin.com/defi/bnb-chain-tops-solana-robinhood-as-equity-volume-jumps-11x-to-25-6b/
Not financial advice. DYOR.
#WriteToEarn
Q3 2026 (Blockworks data):
• Tokenized-equity volume: ~$25.6B, about 11x Q2's $2.4B
• Over half of the $45.8B tokenized-asset DEX volume (Robinhood Chain $10.2B, Solana $6.4B)
• Tokenized equity supply: $1.13B, ~39% of all on-chain public equities
• ~1.8M holders, and network revenue up 54% QoQ to $54.2M
The catch: concentration. QQQB (tokenized Invesco QQQ) made up ~80% of bStocks DEX volume. One hot product isn't a durable market yet.
$BNB now: $735.4 (-0.1% 24h, Binance spot 08:19 KST), 24h range $718-$741.5.
Bull case: liquidity spreads to more equities in Q4, fees keep climbing, and a daily close above the $750-758 area (2-week high) opens room.
Bear case: volume fades after the launch wave, risk-off continues with BTC near $80.5K, and losing $718 puts the $706-710 lows in play.
Is tokenized stock trading crypto's next real use case, or a one-quarter spike?
Source: https://news.bitcoin.com/defi/bnb-chain-tops-solana-robinhood-as-equity-volume-jumps-11x-to-25-6b/
Not financial advice. DYOR.
#WriteToEarn
1.1k
·
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Kraken just walked back its Monero withdrawal questionnaires, and the privacy-coin debate is back on.
What happened:
• Some Kraken clients who bought and withdrew XMR got emails asking for employer, source of funds and what they planned to do with the coins
• Co-CEO Arjun Sethi said on X the emails "were wrong" and "no rule required it"
• The requests are withdrawn; source-of-funds checks stay, but the "what will you do with your coins" question is gone
• XMR stays listed, subject to regional restrictions (no XMR trading for EEA/UK clients per Kraken's rules)
Market check (CoinGecko, 07:20 UTC+9):
$XMR ~$607, +2.7% 24h, up ~9% from ~$558 a week ago; 7d range ~$555–656
$ZEC ~$1,193, -2.5% 24h
BTC ~$80.4K, -1.1%
My read: the line Kraken drew matters more than the headline. "Where your money came from" = normal AML. "What you do after withdrawal" = a step most users won't accept. Clear rules like this help privacy coins stay on regulated venues.
Bull case: XMR holds above ~$600 and builds toward the ~$656 weekly high as access worries fade.
Bear case: risk-off (BTC under $80K, ETF outflows) drags it back toward ~$555; one exchange's U-turn doesn't change the wider regulatory pressure on privacy assets.
Monero's default privacy or Zcash's optional shielding: which model survives regulation better?
Source: https://thedefiant.io/news/cefi/kraken-scraps-monero-withdrawal-questionnaires-keeps-xmr-listed
#WriteToEarn
Not financial advice. DYOR.
Kraken just walked back its Monero withdrawal questionnaires, and the privacy-coin debate is back on.
What happened:
• Some Kraken clients who bought and withdrew XMR got emails asking for employer, source of funds and what they planned to do with the coins
• Co-CEO Arjun Sethi said on X the emails "were wrong" and "no rule required it"
• The requests are withdrawn; source-of-funds checks stay, but the "what will you do with your coins" question is gone
• XMR stays listed, subject to regional restrictions (no XMR trading for EEA/UK clients per Kraken's rules)
Market check (CoinGecko, 07:20 UTC+9):
$XMR ~$607, +2.7% 24h, up ~9% from ~$558 a week ago; 7d range ~$555–656
$ZEC ~$1,193, -2.5% 24h
BTC ~$80.4K, -1.1%
My read: the line Kraken drew matters more than the headline. "Where your money came from" = normal AML. "What you do after withdrawal" = a step most users won't accept. Clear rules like this help privacy coins stay on regulated venues.
Bull case: XMR holds above ~$600 and builds toward the ~$656 weekly high as access worries fade.
Bear case: risk-off (BTC under $80K, ETF outflows) drags it back toward ~$555; one exchange's U-turn doesn't change the wider regulatory pressure on privacy assets.
Monero's default privacy or Zcash's optional shielding: which model survives regulation better?
Source: https://thedefiant.io/news/cefi/kraken-scraps-monero-withdrawal-questionnaires-keeps-xmr-listed
#WriteToEarn
Not financial advice. DYOR.
What happened:
• Some Kraken clients who bought and withdrew XMR got emails asking for employer, source of funds and what they planned to do with the coins
• Co-CEO Arjun Sethi said on X the emails "were wrong" and "no rule required it"
• The requests are withdrawn; source-of-funds checks stay, but the "what will you do with your coins" question is gone
• XMR stays listed, subject to regional restrictions (no XMR trading for EEA/UK clients per Kraken's rules)
Market check (CoinGecko, 07:20 UTC+9):
$XMR ~$607, +2.7% 24h, up ~9% from ~$558 a week ago; 7d range ~$555–656
$ZEC ~$1,193, -2.5% 24h
BTC ~$80.4K, -1.1%
My read: the line Kraken drew matters more than the headline. "Where your money came from" = normal AML. "What you do after withdrawal" = a step most users won't accept. Clear rules like this help privacy coins stay on regulated venues.
Bull case: XMR holds above ~$600 and builds toward the ~$656 weekly high as access worries fade.
Bear case: risk-off (BTC under $80K, ETF outflows) drags it back toward ~$555; one exchange's U-turn doesn't change the wider regulatory pressure on privacy assets.
Monero's default privacy or Zcash's optional shielding: which model survives regulation better?
Source: https://thedefiant.io/news/cefi/kraken-scraps-monero-withdrawal-questionnaires-keeps-xmr-listed
#WriteToEarn
Not financial advice. DYOR.
411
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Your seed is safe. Your doorstep might not be.
Keystone Hardware Wallet says a third party accessed its official website. Timeline per the company:
• Oct 20: unauthorized access detected
• Oct 23: after checking Shopify API activity, confirmed customer shipping info was taken
• Oct 24: public disclosure
Exposed: names, contact details, shipping addresses, items bought and prices.
Not exposed (per Keystone): card/bank details, recovery phrases, private keys, wallet passwords.
Access is blocked, the hole is patched, affected users are getting emails, and a detailed report is promised "in the coming days."
Why it still matters: a leaked order list tells scammers exactly who owns a hardware wallet and where they live. Expect fake "refund", "replacement device" or "shipping problem" messages that look very real.
Simple rules:
• No real support team ever asks for your recovery phrase
• Never enter your seed into a device you didn't order yourself
• Ignore links in surprise emails/SMS; go to the official site directly
Market backdrop: $BTC 80,566 (-0.95% 24h, low 79,221) on Binance spot at 05:22 UTC+9. A data leak doesn't move price, but drawdowns are peak season for "urgent" scam messages.
Bull case: a fast, transparent report rebuilds trust. Bear case: targeted phishing wave over the coming weeks.
Do you buy hardware wallets direct or through resellers?
Source: https://thedefiant.io/news/security/keystone-website-breach-exposes-customer-addresses-and-order-details
#WriteToEarn
Not financial advice. DYOR.
Your seed is safe. Your doorstep might not be.
Keystone Hardware Wallet says a third party accessed its official website. Timeline per the company:
• Oct 20: unauthorized access detected
• Oct 23: after checking Shopify API activity, confirmed customer shipping info was taken
• Oct 24: public disclosure
Exposed: names, contact details, shipping addresses, items bought and prices.
Not exposed (per Keystone): card/bank details, recovery phrases, private keys, wallet passwords.
Access is blocked, the hole is patched, affected users are getting emails, and a detailed report is promised "in the coming days."
Why it still matters: a leaked order list tells scammers exactly who owns a hardware wallet and where they live. Expect fake "refund", "replacement device" or "shipping problem" messages that look very real.
Simple rules:
• No real support team ever asks for your recovery phrase
• Never enter your seed into a device you didn't order yourself
• Ignore links in surprise emails/SMS; go to the official site directly
Market backdrop: $BTC 80,566 (-0.95% 24h, low 79,221) on Binance spot at 05:22 UTC+9. A data leak doesn't move price, but drawdowns are peak season for "urgent" scam messages.
Bull case: a fast, transparent report rebuilds trust. Bear case: targeted phishing wave over the coming weeks.
Do you buy hardware wallets direct or through resellers?
Source: https://thedefiant.io/news/security/keystone-website-breach-exposes-customer-addresses-and-order-details
#WriteToEarn
Not financial advice. DYOR.
Keystone Hardware Wallet says a third party accessed its official website. Timeline per the company:
• Oct 20: unauthorized access detected
• Oct 23: after checking Shopify API activity, confirmed customer shipping info was taken
• Oct 24: public disclosure
Exposed: names, contact details, shipping addresses, items bought and prices.
Not exposed (per Keystone): card/bank details, recovery phrases, private keys, wallet passwords.
Access is blocked, the hole is patched, affected users are getting emails, and a detailed report is promised "in the coming days."
Why it still matters: a leaked order list tells scammers exactly who owns a hardware wallet and where they live. Expect fake "refund", "replacement device" or "shipping problem" messages that look very real.
Simple rules:
• No real support team ever asks for your recovery phrase
• Never enter your seed into a device you didn't order yourself
• Ignore links in surprise emails/SMS; go to the official site directly
Market backdrop: $BTC 80,566 (-0.95% 24h, low 79,221) on Binance spot at 05:22 UTC+9. A data leak doesn't move price, but drawdowns are peak season for "urgent" scam messages.
Bull case: a fast, transparent report rebuilds trust. Bear case: targeted phishing wave over the coming weeks.
Do you buy hardware wallets direct or through resellers?
Source: https://thedefiant.io/news/security/keystone-website-breach-exposes-customer-addresses-and-order-details
#WriteToEarn
Not financial advice. DYOR.
29
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Electrum users: update to 4.8.3 now.
Electrum published a high-severity advisory (Oct 24): a malicious server can "swallow" a transaction you just broadcast and show a fake look-alike in your history, paying the attacker instead.
How the trap works:
• The fake tx has invalid signatures, but light clients trust the server's mempool view
• The attacker address is ground to match the last 4 characters of yours
• The fake tx can carry zero fee, nudging you to hit RBF fee-bump
• Bump it, and your wallet signs a real payment to the attacker
This isn't theoretical. Electrum says some servers are doing it in the wild: two user reports, and one user lost funds after bumping.
What to do:
• Update to 4.8.3 from electrum.org only, and verify the signature
• If a pending tx looks "different" or shows zero fee, don't bump it; check the full address on a block explorer
• Running your own server avoids this class of attack
Context: $BTC ~$80,519 on Binance spot (04:20 local time, -0.9% 24h, low $79,221). Volatile days push people to fee-bump in a hurry, which is exactly what this attack exploits.
Do you check the full address, or just the last few characters?
Advisory: https://github.com/spesmilo/electrum/security/advisories/GHSA-6jp4-8v48-cc5v
Release notes: https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES
#WriteToEarn
Not financial advice. DYOR.
Electrum users: update to 4.8.3 now.
Electrum published a high-severity advisory (Oct 24): a malicious server can "swallow" a transaction you just broadcast and show a fake look-alike in your history, paying the attacker instead.
How the trap works:
• The fake tx has invalid signatures, but light clients trust the server's mempool view
• The attacker address is ground to match the last 4 characters of yours
• The fake tx can carry zero fee, nudging you to hit RBF fee-bump
• Bump it, and your wallet signs a real payment to the attacker
This isn't theoretical. Electrum says some servers are doing it in the wild: two user reports, and one user lost funds after bumping.
What to do:
• Update to 4.8.3 from electrum.org only, and verify the signature
• If a pending tx looks "different" or shows zero fee, don't bump it; check the full address on a block explorer
• Running your own server avoids this class of attack
Context: $BTC ~$80,519 on Binance spot (04:20 local time, -0.9% 24h, low $79,221). Volatile days push people to fee-bump in a hurry, which is exactly what this attack exploits.
Do you check the full address, or just the last few characters?
Advisory: https://github.com/spesmilo/electrum/security/advisories/GHSA-6jp4-8v48-cc5v
Release notes: https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES
#WriteToEarn
Not financial advice. DYOR.
Electrum published a high-severity advisory (Oct 24): a malicious server can "swallow" a transaction you just broadcast and show a fake look-alike in your history, paying the attacker instead.
How the trap works:
• The fake tx has invalid signatures, but light clients trust the server's mempool view
• The attacker address is ground to match the last 4 characters of yours
• The fake tx can carry zero fee, nudging you to hit RBF fee-bump
• Bump it, and your wallet signs a real payment to the attacker
This isn't theoretical. Electrum says some servers are doing it in the wild: two user reports, and one user lost funds after bumping.
What to do:
• Update to 4.8.3 from electrum.org only, and verify the signature
• If a pending tx looks "different" or shows zero fee, don't bump it; check the full address on a block explorer
• Running your own server avoids this class of attack
Context: $BTC ~$80,519 on Binance spot (04:20 local time, -0.9% 24h, low $79,221). Volatile days push people to fee-bump in a hurry, which is exactly what this attack exploits.
Do you check the full address, or just the last few characters?
Advisory: https://github.com/spesmilo/electrum/security/advisories/GHSA-6jp4-8v48-cc5v
Release notes: https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES
#WriteToEarn
Not financial advice. DYOR.
34
·
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Ethereum just hit pause on Glamsterdam's next test, and the reason matters more than the delay.
The Hoodi testnet activation planned for Oct 26 (17:42 UTC) is off. No new date yet, and the planned 200M gas limit bump on Hoodi is pulled too.
Why: core devs want more time on EIP-8037 (state creation gas) and how it interacts with contracts already live on mainnet. ChainSecurity flagged that, combined with EIP-8038, the new gas math can let some contracts finish failure-handling code that used to revert, which could make a failed operation stick permanently. They say they've found 13 real-world examples and are disclosing privately.
My take: this is the process working. Sepolia already ran it Oct 6, and catching edge cases on testnet beats catching them on mainnet. But Glamsterdam carries ePBS, block-level access lists and gas repricing, so every slip pushes back the L1 scaling story.
$ETH ~2,327 (-3.4% 24h, ~$514M volume, Binance spot 03:15 KST), 24h low 2,282. ETH/BTC 0.0290.
Bull case: holding 2,280-2,300 and reclaiming 2,375-2,410 while devs ship a fix plan.
Bear case: losing 2,280 with a vague timeline adds a narrative headwind to weak flows.
No action needed for mainnet users or ETH holders per the EF.
Source: https://blog.ethereum.org/2026/10/22/glamsterdam-hoodi-delay
Delay or dodge a bullet?
#WriteToEarn
Not financial advice. DYOR.
Ethereum just hit pause on Glamsterdam's next test, and the reason matters more than the delay.
The Hoodi testnet activation planned for Oct 26 (17:42 UTC) is off. No new date yet, and the planned 200M gas limit bump on Hoodi is pulled too.
Why: core devs want more time on EIP-8037 (state creation gas) and how it interacts with contracts already live on mainnet. ChainSecurity flagged that, combined with EIP-8038, the new gas math can let some contracts finish failure-handling code that used to revert, which could make a failed operation stick permanently. They say they've found 13 real-world examples and are disclosing privately.
My take: this is the process working. Sepolia already ran it Oct 6, and catching edge cases on testnet beats catching them on mainnet. But Glamsterdam carries ePBS, block-level access lists and gas repricing, so every slip pushes back the L1 scaling story.
$ETH ~2,327 (-3.4% 24h, ~$514M volume, Binance spot 03:15 KST), 24h low 2,282. ETH/BTC 0.0290.
Bull case: holding 2,280-2,300 and reclaiming 2,375-2,410 while devs ship a fix plan.
Bear case: losing 2,280 with a vague timeline adds a narrative headwind to weak flows.
No action needed for mainnet users or ETH holders per the EF.
Source: https://blog.ethereum.org/2026/10/22/glamsterdam-hoodi-delay
Delay or dodge a bullet?
#WriteToEarn
Not financial advice. DYOR.
The Hoodi testnet activation planned for Oct 26 (17:42 UTC) is off. No new date yet, and the planned 200M gas limit bump on Hoodi is pulled too.
Why: core devs want more time on EIP-8037 (state creation gas) and how it interacts with contracts already live on mainnet. ChainSecurity flagged that, combined with EIP-8038, the new gas math can let some contracts finish failure-handling code that used to revert, which could make a failed operation stick permanently. They say they've found 13 real-world examples and are disclosing privately.
My take: this is the process working. Sepolia already ran it Oct 6, and catching edge cases on testnet beats catching them on mainnet. But Glamsterdam carries ePBS, block-level access lists and gas repricing, so every slip pushes back the L1 scaling story.
$ETH ~2,327 (-3.4% 24h, ~$514M volume, Binance spot 03:15 KST), 24h low 2,282. ETH/BTC 0.0290.
Bull case: holding 2,280-2,300 and reclaiming 2,375-2,410 while devs ship a fix plan.
Bear case: losing 2,280 with a vague timeline adds a narrative headwind to weak flows.
No action needed for mainnet users or ETH holders per the EF.
Source: https://blog.ethereum.org/2026/10/22/glamsterdam-hoodi-delay
Delay or dodge a bullet?
#WriteToEarn
Not financial advice. DYOR.
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$ETH just printed its lowest level since Aug 20, and it's bleeding harder than Bitcoin.
ETH tagged 2,282 on Binance spot today and trades near 2,318 (-3.8% 24h, ~$514M volume) at 02:16 KST. $BTC is down ~2% over the same window, and ETH/BTC slid to 0.0289.
What happened:
• Risk-off on US-Iran headlines pushed BTC under $80K
• CoinGlass data via BeInCrypto: ~$837M liquidated in 24h, $181.5M of it on ETH, with longs over 93% of that
• Biggest single wipeout: an $11.85M ETHUSDT long on Binance
Why ETH is weaker: leverage was crowded on the long side, and ETH sits ~9% under its 50-day average (~2,547) while BTC is only just testing $80K.
Levels from real candles:
• Support: 2,282 (today's low), then 2,221 (Aug 20 low)
• Resistance: 2,351-2,360 (Oct 22-23 lows), then 2,413-2,418 (24h high)
Bull case: longs are flushed, and reclaiming 2,360 on a 4h close would turn this into a liquidation wick.
Bear case: losing 2,282 opens 2,221, and the Fed (Oct 27-28) plus PCE (Oct 29) arrive with Brent oil above $116.
Is this a flush to buy, or the start of a deeper ETH/BTC unwind?
Source: https://finance.yahoo.com/markets/crypto/articles/bitcoin-loses-80-000-200-154722552.html
Not financial advice. DYOR.
#WriteToEarn
$ETH just printed its lowest level since Aug 20, and it's bleeding harder than Bitcoin.
ETH tagged 2,282 on Binance spot today and trades near 2,318 (-3.8% 24h, ~$514M volume) at 02:16 KST. $BTC is down ~2% over the same window, and ETH/BTC slid to 0.0289.
What happened:
• Risk-off on US-Iran headlines pushed BTC under $80K
• CoinGlass data via BeInCrypto: ~$837M liquidated in 24h, $181.5M of it on ETH, with longs over 93% of that
• Biggest single wipeout: an $11.85M ETHUSDT long on Binance
Why ETH is weaker: leverage was crowded on the long side, and ETH sits ~9% under its 50-day average (~2,547) while BTC is only just testing $80K.
Levels from real candles:
• Support: 2,282 (today's low), then 2,221 (Aug 20 low)
• Resistance: 2,351-2,360 (Oct 22-23 lows), then 2,413-2,418 (24h high)
Bull case: longs are flushed, and reclaiming 2,360 on a 4h close would turn this into a liquidation wick.
Bear case: losing 2,282 opens 2,221, and the Fed (Oct 27-28) plus PCE (Oct 29) arrive with Brent oil above $116.
Is this a flush to buy, or the start of a deeper ETH/BTC unwind?
Source: https://finance.yahoo.com/markets/crypto/articles/bitcoin-loses-80-000-200-154722552.html
Not financial advice. DYOR.
#WriteToEarn
ETH tagged 2,282 on Binance spot today and trades near 2,318 (-3.8% 24h, ~$514M volume) at 02:16 KST. $BTC is down ~2% over the same window, and ETH/BTC slid to 0.0289.
What happened:
• Risk-off on US-Iran headlines pushed BTC under $80K
• CoinGlass data via BeInCrypto: ~$837M liquidated in 24h, $181.5M of it on ETH, with longs over 93% of that
• Biggest single wipeout: an $11.85M ETHUSDT long on Binance
Why ETH is weaker: leverage was crowded on the long side, and ETH sits ~9% under its 50-day average (~2,547) while BTC is only just testing $80K.
Levels from real candles:
• Support: 2,282 (today's low), then 2,221 (Aug 20 low)
• Resistance: 2,351-2,360 (Oct 22-23 lows), then 2,413-2,418 (24h high)
Bull case: longs are flushed, and reclaiming 2,360 on a 4h close would turn this into a liquidation wick.
Bear case: losing 2,282 opens 2,221, and the Fed (Oct 27-28) plus PCE (Oct 29) arrive with Brent oil above $116.
Is this a flush to buy, or the start of a deeper ETH/BTC unwind?
Source: https://finance.yahoo.com/markets/crypto/articles/bitcoin-loses-80-000-200-154722552.html
Not financial advice. DYOR.
#WriteToEarn
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$BTC just lost $80K for the first time since mid-September.
Binance spot printed a $79,557 low and sits near $79,750 (-2.2% 24h, 00:14 KST). $ETH is weaker at ~$2,315 (-3.6%).
What drove it:
• ~$645M liquidated across crypto in 24h, ~78% longs (CoinGlass)
• ~$233M of that in a single hour as $80K broke
• Spot BTC ETFs: -$636M Oct 22, another -$138M Oct 23
• Iran strike headlines + Brent near $117 keep inflation fears alive
My read: this was a leverage flush into a level everyone was watching. Open interest was still elevated going in, so the cleanup may not be finished.
Bull case: a fast reclaim of $80.5K–$81.8K (around the 50-day average) turns this into a stop sweep, with $84.9K (this week's high) as the next test.
Bear case: daily closes under $79.5K open room toward the ~$75K area, the 60-day low.
Risks: weekend liquidity is thin, and the Fed decision (Oct 28) plus PCE (Oct 29) land this week.
Are you buying this dip or waiting for a reclaim?
Source: https://www.crypto-news-flash.com/bitcoin-price-below-80k-altcoins-lower/
#WriteToEarn
Not financial advice. DYOR.
$BTC just lost $80K for the first time since mid-September.
Binance spot printed a $79,557 low and sits near $79,750 (-2.2% 24h, 00:14 KST). $ETH is weaker at ~$2,315 (-3.6%).
What drove it:
• ~$645M liquidated across crypto in 24h, ~78% longs (CoinGlass)
• ~$233M of that in a single hour as $80K broke
• Spot BTC ETFs: -$636M Oct 22, another -$138M Oct 23
• Iran strike headlines + Brent near $117 keep inflation fears alive
My read: this was a leverage flush into a level everyone was watching. Open interest was still elevated going in, so the cleanup may not be finished.
Bull case: a fast reclaim of $80.5K–$81.8K (around the 50-day average) turns this into a stop sweep, with $84.9K (this week's high) as the next test.
Bear case: daily closes under $79.5K open room toward the ~$75K area, the 60-day low.
Risks: weekend liquidity is thin, and the Fed decision (Oct 28) plus PCE (Oct 29) land this week.
Are you buying this dip or waiting for a reclaim?
Source: https://www.crypto-news-flash.com/bitcoin-price-below-80k-altcoins-lower/
#WriteToEarn
Not financial advice. DYOR.
Binance spot printed a $79,557 low and sits near $79,750 (-2.2% 24h, 00:14 KST). $ETH is weaker at ~$2,315 (-3.6%).
What drove it:
• ~$645M liquidated across crypto in 24h, ~78% longs (CoinGlass)
• ~$233M of that in a single hour as $80K broke
• Spot BTC ETFs: -$636M Oct 22, another -$138M Oct 23
• Iran strike headlines + Brent near $117 keep inflation fears alive
My read: this was a leverage flush into a level everyone was watching. Open interest was still elevated going in, so the cleanup may not be finished.
Bull case: a fast reclaim of $80.5K–$81.8K (around the 50-day average) turns this into a stop sweep, with $84.9K (this week's high) as the next test.
Bear case: daily closes under $79.5K open room toward the ~$75K area, the 60-day low.
Risks: weekend liquidity is thin, and the Fed decision (Oct 28) plus PCE (Oct 29) land this week.
Are you buying this dip or waiting for a reclaim?
Source: https://www.crypto-news-flash.com/bitcoin-price-below-80k-altcoins-lower/
#WriteToEarn
Not financial advice. DYOR.
2
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Saturday night tape: alts bleeding harder than $BTC (~80,800, -1.2% 24h). Two scenarios I'm watching, one each way 👇
🔴 $NEAR SHORT (bias: bearish)
Price: 4.501 (Binance spot, 21:34 UTC+9)
Entry zone: 4.58-4.70 (retest of the broken 4.72 area)
Stop: 4h close above 4.90
T1: 4.30-4.32 (Oct 8 low)
T2: 4.05-4.10 (late-Sep lows)
Why: lower highs since 5.45 on Oct 22, fresh 7-day low at 4.43, and -9% day with no hack/outage, just de-risking + long liquidations and the DFINITY patent/centralization criticism of NEAR Intents.
🟢 $SOL LONG (bias: range support)
Price: 101.71 (Binance spot, 21:34 UTC+9)
Entry zone: 100.4-101.5 (Oct 15 & Oct 19 lows at 100.6 / 100.4)
Stop: 4h close below 99.0
T1: 104.8-105.2
T2: 108.5-109.2 (Oct 22 range high)
Why: SOL has held 100-101 three times this month; this is a range-low bounce scenario, and it's invalid if 100 breaks on volume.
Wait for price to come to the zone; chasing breaks the plan.
Sources: Binance spot data; NEAR context via CoinMarketCap https://coinmarketcap.com/top-stories/6adc66925bf20524616badc5/ and TokenPost https://www.tokenpost.com/news/investing/39825
Not financial advice. Setups can fail; manage your risk. DYOR.
#WriteToEarn
Saturday night tape: alts bleeding harder than $BTC (~80,800, -1.2% 24h). Two scenarios I'm watching, one each way 👇
🔴 $NEAR SHORT (bias: bearish)
Price: 4.501 (Binance spot, 21:34 UTC+9)
Entry zone: 4.58-4.70 (retest of the broken 4.72 area)
Stop: 4h close above 4.90
T1: 4.30-4.32 (Oct 8 low)
T2: 4.05-4.10 (late-Sep lows)
Why: lower highs since 5.45 on Oct 22, fresh 7-day low at 4.43, and -9% day with no hack/outage, just de-risking + long liquidations and the DFINITY patent/centralization criticism of NEAR Intents.
🟢 $SOL LONG (bias: range support)
Price: 101.71 (Binance spot, 21:34 UTC+9)
Entry zone: 100.4-101.5 (Oct 15 & Oct 19 lows at 100.6 / 100.4)
Stop: 4h close below 99.0
T1: 104.8-105.2
T2: 108.5-109.2 (Oct 22 range high)
Why: SOL has held 100-101 three times this month; this is a range-low bounce scenario, and it's invalid if 100 breaks on volume.
Wait for price to come to the zone; chasing breaks the plan.
Sources: Binance spot data; NEAR context via CoinMarketCap https://coinmarketcap.com/top-stories/6adc66925bf20524616badc5/ and TokenPost https://www.tokenpost.com/news/investing/39825
Not financial advice. Setups can fail; manage your risk. DYOR.
#WriteToEarn
🔴 $NEAR SHORT (bias: bearish)
Price: 4.501 (Binance spot, 21:34 UTC+9)
Entry zone: 4.58-4.70 (retest of the broken 4.72 area)
Stop: 4h close above 4.90
T1: 4.30-4.32 (Oct 8 low)
T2: 4.05-4.10 (late-Sep lows)
Why: lower highs since 5.45 on Oct 22, fresh 7-day low at 4.43, and -9% day with no hack/outage, just de-risking + long liquidations and the DFINITY patent/centralization criticism of NEAR Intents.
🟢 $SOL LONG (bias: range support)
Price: 101.71 (Binance spot, 21:34 UTC+9)
Entry zone: 100.4-101.5 (Oct 15 & Oct 19 lows at 100.6 / 100.4)
Stop: 4h close below 99.0
T1: 104.8-105.2
T2: 108.5-109.2 (Oct 22 range high)
Why: SOL has held 100-101 three times this month; this is a range-low bounce scenario, and it's invalid if 100 breaks on volume.
Wait for price to come to the zone; chasing breaks the plan.
Sources: Binance spot data; NEAR context via CoinMarketCap https://coinmarketcap.com/top-stories/6adc66925bf20524616badc5/ and TokenPost https://www.tokenpost.com/news/investing/39825
Not financial advice. Setups can fail; manage your risk. DYOR.
#WriteToEarn
135
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Article
Banks Just Put Real Money On-Chain While BTC Drifts at $80KBitcoin is drifting near $80.7K. Meanwhile, banks just shipped more on-chain money in one week than in most of the past year. That gap is the story.
While traders watched $BTC slip under $81,000, five separate moves landed between Oct 19 and Oct 23. Each one, alone, is a headline. Together they show where regulated digital money is heading, and what it could mean for crypto liquidity.
WHAT HAPPENED
1. HSBC RedCoin went live (Oct 23). HSBC launched RCHKD, a Hong Kong dollar stablecoin licensed by the HKMA, inside PayMe. Over 3.3 million users can activate a wallet for P2P transfers and payments at 100,000+ merchants. HSBC's reserve page showed about HKD 80.7M in circulation as of Oct 24, almost all of it added in the past 7 days.
Source: https://www.about.hsbc.com.hk/news-and-media/hsbc-redcoin-launches-today
Reserves: https://www.hsbc.com.hk/stablecoins/
2. SoFi launched SOFIE (Oct 22). A national bank-issued tokenized deposit for consumers: each token is $1 on deposit at SoFi Bank, earning a variable 4.40% APY (rate as of Oct 20) with FDIC coverage up to limits. It converts 1:1 into SoFiUSD, a payment stablecoin, to buy crypto or move funds on-chain 24/7. Once converted, FDIC coverage and interest stop.
Source: https://www.sofi.com/newsroom/sofi-launches-sofi-earn-sofie-the-first-and-only-national-bank-issued-tokenized-deposit-for-consumers/
3. JPM Coin (JPMD) went live on Ethereum (Oct 19). But Sentora's review on Oct 23 found zero JPMD supply and zero transfers on Ethereum so far. Live is not the same as used.
Source: https://www.jpmorgan.com/payments/newsroom/jpm-coin-live-on-ethereum
Review: https://crypto.news/jpm-coin-ethereum-zero-supply-sentora/
4. The OCC finalized its GENIUS Act rule (published Oct 23, effective Jan 18, 2027). The ban on issuers paying yield to holders stays. But the OCC dropped the proposed "rebuttable presumption" against affiliate and third-party reward deals and will judge them case by case. Redemptions still due within two business days; $5M minimum capital floor.
Source: https://www.federalregister.gov/documents/2026/10/23/2026-21706/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the
5. Malaysia and Thailand joined Singapore's BLOOM (Oct 23). Bank Negara Malaysia and the Bank of Thailand joined MAS as policymaker members of a cross-border digital money initiative covering tokenized deposits and regulated stablecoins. New participants include Visa, Mastercard, Ripple, Maybank and the World Bank Group, alongside Circle, Coinbase and J.P. Morgan.
Source: https://www.mas.gov.sg/news/media-releases/2026/mas-bnm-and-bot-partner-with-industry-to-advance-cross-border-settlement-in-digital-money
WHY IT MATTERS
Two models are forming side by side. Stablecoins (RCHKD, SoFiUSD) are bearer-style tokens built to move. Tokenized deposits (SOFIE, JPMD) keep money on a bank balance sheet, with interest and deposit insurance, but less freedom. SoFi is the first to bolt both together: earn in the deposit, convert to the stablecoin when you want to act on-chain.
The OCC's yield decision is the hinge. Issuers still cannot pay yield directly, but rewards through partners aren't presumed illegal. That keeps the "stablecoin rewards" business alive in the US, and keeps pressure on banks to offer yield-bearing alternatives like SOFIE.
BLOOM tackles the next problem: if every bank issues its own token, they need common rules to settle across borders. Without that, digital money just recreates today's fragmented system on new rails.
THE MARKET DATA
Binance spot at 20:02 KST, Oct 24:
- $BTC: $80,678 (-1.14% 24h), 24h range $80,451-$82,061
- $ETH: $2,370.98 (-0.93% 24h), 24h range $2,351.55-$2,417.77
- BTC 14-day daily range: $79,800-$84,898
Flows are weak. US spot Bitcoin ETFs saw $635.6M net outflows on Oct 22, reversing the prior day's $528.4M inflow (The Block): https://www.theblock.co/news/markets/2026-10-23-bitcoin-etfs-swing-back-to-net-outflows-erase-previous-day-inflows-426483
So the infrastructure is improving while price is not. Those two timelines rarely match.
BULL SCENARIO
Regulated on-ramps lower friction. A SoFi user converting idle deposits into SoFiUSD and then into crypto is a direct pipe from bank savings to the market. If RCHKD and SOFIE adoption grows and JPMD actually starts moving on Ethereum, settlement demand for public chains rises. For BTC, a daily close back above $82,000 would put the 14-day high near $84,900 back in view.
BEAR SCENARIO
Bank tokens may compete with crypto rather than feed it. A 4.40% FDIC-insured token is an easy place to park cash and never leave. JPMD's zero on-chain activity shows launches can be mostly announcement. Near term, macro dominates: ETF outflows and rising yields. Losing the $79,800 area would break the two-week range to the downside.
RISKS
- Adoption: RCHKD's ~HKD 80.7M is early-stage; launch-week growth may not last.
- Regulation: the OCC rule takes effect Jan 18, 2027, and AML/sanctions rules are still to come in a separate rulemaking.
- Fragmentation: interoperability is still a work in progress, which is exactly why BLOOM exists.
- Price: none of these launches guarantees flows into BTC or ETH.
THE TAKEAWAY
Price action says "risk-off." Infrastructure says "banks are moving money on-chain, slowly." The real test isn't announcements but usage: circulation figures, transfer counts, and whether bank tokens lead users toward public crypto or keep them inside the bank.
Your view: will bank-issued tokens bring new money into crypto, or keep it parked in the bank?
Not financial advice. DYOR.
#WriteToEarn
Banks Just Put Real Money On-Chain While BTC Drifts at $80K
Bitcoin is drifting near $80.7K. Meanwhile, banks just shipped more on-chain money in one week than in most of the past year. That gap is the story.
While traders watched $BTC slip under $81,000, five separate moves landed between Oct 19 and Oct 23. Each one, alone, is a headline. Together they show where regulated digital money is heading, and what it could mean for crypto liquidity.
WHAT HAPPENED
1. HSBC RedCoin went live (Oct 23). HSBC launched RCHKD, a Hong Kong dollar stablecoin licensed by the HKMA, inside PayMe. Over 3.3 million users can activate a wallet for P2P transfers and payments at 100,000+ merchants. HSBC's reserve page showed about HKD 80.7M in circulation as of Oct 24, almost all of it added in the past 7 days.
Source: https://www.about.hsbc.com.hk/news-and-media/hsbc-redcoin-launches-today
Reserves: https://www.hsbc.com.hk/stablecoins/
2. SoFi launched SOFIE (Oct 22). A national bank-issued tokenized deposit for consumers: each token is $1 on deposit at SoFi Bank, earning a variable 4.40% APY (rate as of Oct 20) with FDIC coverage up to limits. It converts 1:1 into SoFiUSD, a payment stablecoin, to buy crypto or move funds on-chain 24/7. Once converted, FDIC coverage and interest stop.
Source: https://www.sofi.com/newsroom/sofi-launches-sofi-earn-sofie-the-first-and-only-national-bank-issued-tokenized-deposit-for-consumers/
3. JPM Coin (JPMD) went live on Ethereum (Oct 19). But Sentora's review on Oct 23 found zero JPMD supply and zero transfers on Ethereum so far. Live is not the same as used.
Source: https://www.jpmorgan.com/payments/newsroom/jpm-coin-live-on-ethereum
Review: https://crypto.news/jpm-coin-ethereum-zero-supply-sentora/
4. The OCC finalized its GENIUS Act rule (published Oct 23, effective Jan 18, 2027). The ban on issuers paying yield to holders stays. But the OCC dropped the proposed "rebuttable presumption" against affiliate and third-party reward deals and will judge them case by case. Redemptions still due within two business days; $5M minimum capital floor.
Source: https://www.federalregister.gov/documents/2026/10/23/2026-21706/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the
5. Malaysia and Thailand joined Singapore's BLOOM (Oct 23). Bank Negara Malaysia and the Bank of Thailand joined MAS as policymaker members of a cross-border digital money initiative covering tokenized deposits and regulated stablecoins. New participants include Visa, Mastercard, Ripple, Maybank and the World Bank Group, alongside Circle, Coinbase and J.P. Morgan.
Source: https://www.mas.gov.sg/news/media-releases/2026/mas-bnm-and-bot-partner-with-industry-to-advance-cross-border-settlement-in-digital-money
WHY IT MATTERS
Two models are forming side by side. Stablecoins (RCHKD, SoFiUSD) are bearer-style tokens built to move. Tokenized deposits (SOFIE, JPMD) keep money on a bank balance sheet, with interest and deposit insurance, but less freedom. SoFi is the first to bolt both together: earn in the deposit, convert to the stablecoin when you want to act on-chain.
The OCC's yield decision is the hinge. Issuers still cannot pay yield directly, but rewards through partners aren't presumed illegal. That keeps the "stablecoin rewards" business alive in the US, and keeps pressure on banks to offer yield-bearing alternatives like SOFIE.
BLOOM tackles the next problem: if every bank issues its own token, they need common rules to settle across borders. Without that, digital money just recreates today's fragmented system on new rails.
THE MARKET DATA
Binance spot at 20:02 KST, Oct 24:
- $BTC : $80,678 (-1.14% 24h), 24h range $80,451-$82,061
- $ETH : $2,370.98 (-0.93% 24h), 24h range $2,351.55-$2,417.77
- BTC 14-day daily range: $79,800-$84,898
Flows are weak. US spot Bitcoin ETFs saw $635.6M net outflows on Oct 22, reversing the prior day's $528.4M inflow (The Block): https://www.theblock.co/news/markets/2026-10-23-bitcoin-etfs-swing-back-to-net-outflows-erase-previous-day-inflows-426483
So the infrastructure is improving while price is not. Those two timelines rarely match.
BULL SCENARIO
Regulated on-ramps lower friction. A SoFi user converting idle deposits into SoFiUSD and then into crypto is a direct pipe from bank savings to the market. If RCHKD and SOFIE adoption grows and JPMD actually starts moving on Ethereum, settlement demand for public chains rises. For BTC, a daily close back above $82,000 would put the 14-day high near $84,900 back in view.
BEAR SCENARIO
Bank tokens may compete with crypto rather than feed it. A 4.40% FDIC-insured token is an easy place to park cash and never leave. JPMD's zero on-chain activity shows launches can be mostly announcement. Near term, macro dominates: ETF outflows and rising yields. Losing the $79,800 area would break the two-week range to the downside.
RISKS
- Adoption: RCHKD's ~HKD 80.7M is early-stage; launch-week growth may not last.
- Regulation: the OCC rule takes effect Jan 18, 2027, and AML/sanctions rules are still to come in a separate rulemaking.
- Fragmentation: interoperability is still a work in progress, which is exactly why BLOOM exists.
- Price: none of these launches guarantees flows into BTC or ETH.
THE TAKEAWAY
Price action says "risk-off." Infrastructure says "banks are moving money on-chain, slowly." The real test isn't announcements but usage: circulation figures, transfer counts, and whether bank tokens lead users toward public crypto or keep them inside the bank.
Your view: will bank-issued tokens bring new money into crypto, or keep it parked in the bank?
Not financial advice. DYOR.
#WriteToEarn
While traders watched $BTC slip under $81,000, five separate moves landed between Oct 19 and Oct 23. Each one, alone, is a headline. Together they show where regulated digital money is heading, and what it could mean for crypto liquidity.
WHAT HAPPENED
1. HSBC RedCoin went live (Oct 23). HSBC launched RCHKD, a Hong Kong dollar stablecoin licensed by the HKMA, inside PayMe. Over 3.3 million users can activate a wallet for P2P transfers and payments at 100,000+ merchants. HSBC's reserve page showed about HKD 80.7M in circulation as of Oct 24, almost all of it added in the past 7 days.
Source: https://www.about.hsbc.com.hk/news-and-media/hsbc-redcoin-launches-today
Reserves: https://www.hsbc.com.hk/stablecoins/
2. SoFi launched SOFIE (Oct 22). A national bank-issued tokenized deposit for consumers: each token is $1 on deposit at SoFi Bank, earning a variable 4.40% APY (rate as of Oct 20) with FDIC coverage up to limits. It converts 1:1 into SoFiUSD, a payment stablecoin, to buy crypto or move funds on-chain 24/7. Once converted, FDIC coverage and interest stop.
Source: https://www.sofi.com/newsroom/sofi-launches-sofi-earn-sofie-the-first-and-only-national-bank-issued-tokenized-deposit-for-consumers/
3. JPM Coin (JPMD) went live on Ethereum (Oct 19). But Sentora's review on Oct 23 found zero JPMD supply and zero transfers on Ethereum so far. Live is not the same as used.
Source: https://www.jpmorgan.com/payments/newsroom/jpm-coin-live-on-ethereum
Review: https://crypto.news/jpm-coin-ethereum-zero-supply-sentora/
4. The OCC finalized its GENIUS Act rule (published Oct 23, effective Jan 18, 2027). The ban on issuers paying yield to holders stays. But the OCC dropped the proposed "rebuttable presumption" against affiliate and third-party reward deals and will judge them case by case. Redemptions still due within two business days; $5M minimum capital floor.
Source: https://www.federalregister.gov/documents/2026/10/23/2026-21706/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the
5. Malaysia and Thailand joined Singapore's BLOOM (Oct 23). Bank Negara Malaysia and the Bank of Thailand joined MAS as policymaker members of a cross-border digital money initiative covering tokenized deposits and regulated stablecoins. New participants include Visa, Mastercard, Ripple, Maybank and the World Bank Group, alongside Circle, Coinbase and J.P. Morgan.
Source: https://www.mas.gov.sg/news/media-releases/2026/mas-bnm-and-bot-partner-with-industry-to-advance-cross-border-settlement-in-digital-money
WHY IT MATTERS
Two models are forming side by side. Stablecoins (RCHKD, SoFiUSD) are bearer-style tokens built to move. Tokenized deposits (SOFIE, JPMD) keep money on a bank balance sheet, with interest and deposit insurance, but less freedom. SoFi is the first to bolt both together: earn in the deposit, convert to the stablecoin when you want to act on-chain.
The OCC's yield decision is the hinge. Issuers still cannot pay yield directly, but rewards through partners aren't presumed illegal. That keeps the "stablecoin rewards" business alive in the US, and keeps pressure on banks to offer yield-bearing alternatives like SOFIE.
BLOOM tackles the next problem: if every bank issues its own token, they need common rules to settle across borders. Without that, digital money just recreates today's fragmented system on new rails.
THE MARKET DATA
Binance spot at 20:02 KST, Oct 24:
- $BTC : $80,678 (-1.14% 24h), 24h range $80,451-$82,061
- $ETH : $2,370.98 (-0.93% 24h), 24h range $2,351.55-$2,417.77
- BTC 14-day daily range: $79,800-$84,898
Flows are weak. US spot Bitcoin ETFs saw $635.6M net outflows on Oct 22, reversing the prior day's $528.4M inflow (The Block): https://www.theblock.co/news/markets/2026-10-23-bitcoin-etfs-swing-back-to-net-outflows-erase-previous-day-inflows-426483
So the infrastructure is improving while price is not. Those two timelines rarely match.
BULL SCENARIO
Regulated on-ramps lower friction. A SoFi user converting idle deposits into SoFiUSD and then into crypto is a direct pipe from bank savings to the market. If RCHKD and SOFIE adoption grows and JPMD actually starts moving on Ethereum, settlement demand for public chains rises. For BTC, a daily close back above $82,000 would put the 14-day high near $84,900 back in view.
BEAR SCENARIO
Bank tokens may compete with crypto rather than feed it. A 4.40% FDIC-insured token is an easy place to park cash and never leave. JPMD's zero on-chain activity shows launches can be mostly announcement. Near term, macro dominates: ETF outflows and rising yields. Losing the $79,800 area would break the two-week range to the downside.
RISKS
- Adoption: RCHKD's ~HKD 80.7M is early-stage; launch-week growth may not last.
- Regulation: the OCC rule takes effect Jan 18, 2027, and AML/sanctions rules are still to come in a separate rulemaking.
- Fragmentation: interoperability is still a work in progress, which is exactly why BLOOM exists.
- Price: none of these launches guarantees flows into BTC or ETH.
THE TAKEAWAY
Price action says "risk-off." Infrastructure says "banks are moving money on-chain, slowly." The real test isn't announcements but usage: circulation figures, transfer counts, and whether bank tokens lead users toward public crypto or keep them inside the bank.
Your view: will bank-issued tokens bring new money into crypto, or keep it parked in the bank?
Not financial advice. DYOR.
#WriteToEarn
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JPMorgan put JPM Coin on Ethereum. On-chain, it's still empty.
Facts:
• Oct 19: Kinexys by J.P. Morgan brought JPM Coin (JPMD), its USD deposit token, to Ethereum mainnet, alongside Base. Approved institutional clients only.
• Kinexys says it has processed $4T+ cumulative, ~$7B/day (internal data).
• Oct 23: Sentora's contract review found zero JPMD supply and zero transfers on Ethereum, with one allowlisted address. Base supply ~ $1M across two addresses, unchanged since Nov 2025.
My take: a launch is a permission layer, not adoption. JPMD is commercial bank money, not a stablecoin, and real usage may sit in internal or off-chain flows we can't see. The tell will be on-chain supply and transfers, plus any DeFi or collateral integration.
$ETH: ~$2,381 (-1.0% 24h, ~$469M vol, Binance spot 16:22 KST). 7d range ~$2,329–$2,527.
Bull case: supply starts showing up, more banks pick Ethereum L1 for settlement, tokenized cash meets tokenized funds on-chain.
Bear case: the contract stays dormant, activity stays permissioned, and the headline does little for ETH demand short term.
Risks: allowlisted design, slow institutional rollout, data only from one review. Lookalike tokens at other addresses aren't JPMorgan's.
Do bank deposit tokens matter for ETH, or is it just branding?
Source: https://www.jpmorgan.com/payments/newsroom/jpm-coin-live-on-ethereum
Data: https://crypto.news/jpm-coin-ethereum-zero-supply-sentora/
#WriteToEarn
Not financial advice. DYOR.
JPMorgan put JPM Coin on Ethereum. On-chain, it's still empty.
Facts:
• Oct 19: Kinexys by J.P. Morgan brought JPM Coin (JPMD), its USD deposit token, to Ethereum mainnet, alongside Base. Approved institutional clients only.
• Kinexys says it has processed $4T+ cumulative, ~$7B/day (internal data).
• Oct 23: Sentora's contract review found zero JPMD supply and zero transfers on Ethereum, with one allowlisted address. Base supply ~ $1M across two addresses, unchanged since Nov 2025.
My take: a launch is a permission layer, not adoption. JPMD is commercial bank money, not a stablecoin, and real usage may sit in internal or off-chain flows we can't see. The tell will be on-chain supply and transfers, plus any DeFi or collateral integration.
$ETH : ~$2,381 (-1.0% 24h, ~$469M vol, Binance spot 16:22 KST). 7d range ~$2,329–$2,527.
Bull case: supply starts showing up, more banks pick Ethereum L1 for settlement, tokenized cash meets tokenized funds on-chain.
Bear case: the contract stays dormant, activity stays permissioned, and the headline does little for ETH demand short term.
Risks: allowlisted design, slow institutional rollout, data only from one review. Lookalike tokens at other addresses aren't JPMorgan's.
Do bank deposit tokens matter for ETH, or is it just branding?
Source: https://www.jpmorgan.com/payments/newsroom/jpm-coin-live-on-ethereum
Data: https://crypto.news/jpm-coin-ethereum-zero-supply-sentora/
#WriteToEarn
Not financial advice. DYOR.
Facts:
• Oct 19: Kinexys by J.P. Morgan brought JPM Coin (JPMD), its USD deposit token, to Ethereum mainnet, alongside Base. Approved institutional clients only.
• Kinexys says it has processed $4T+ cumulative, ~$7B/day (internal data).
• Oct 23: Sentora's contract review found zero JPMD supply and zero transfers on Ethereum, with one allowlisted address. Base supply ~ $1M across two addresses, unchanged since Nov 2025.
My take: a launch is a permission layer, not adoption. JPMD is commercial bank money, not a stablecoin, and real usage may sit in internal or off-chain flows we can't see. The tell will be on-chain supply and transfers, plus any DeFi or collateral integration.
$ETH : ~$2,381 (-1.0% 24h, ~$469M vol, Binance spot 16:22 KST). 7d range ~$2,329–$2,527.
Bull case: supply starts showing up, more banks pick Ethereum L1 for settlement, tokenized cash meets tokenized funds on-chain.
Bear case: the contract stays dormant, activity stays permissioned, and the headline does little for ETH demand short term.
Risks: allowlisted design, slow institutional rollout, data only from one review. Lookalike tokens at other addresses aren't JPMorgan's.
Do bank deposit tokens matter for ETH, or is it just branding?
Source: https://www.jpmorgan.com/payments/newsroom/jpm-coin-live-on-ethereum
Data: https://crypto.news/jpm-coin-ethereum-zero-supply-sentora/
#WriteToEarn
Not financial advice. DYOR.
1
20
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Verified
Starknet just voted to study leaving Ethereum. The market sold it anyway.
STRK stakers and delegators backed researching an independent post-quantum Layer 1 with 93.52% of voting power (3,236 votes, Oct 15-22). StarkWare says it was the highest turnout in Starknet governance history.
What it does and doesn't mean:
- Non-binding. Starknet stays an Ethereum L2 for now.
- StarkWare + Starknet Foundation formed a working group; white paper expected in the coming weeks.
- Any actual move needs a separate binding vote. STRK stays the token, no new token planned.
Why now: STARK proofs are hash-based and accounts can switch to post-quantum signatures without a hard fork. But the bridge and data availability inherit Ethereum's elliptic-curve crypto, so full quantum resistance is tied to Ethereum's ~2029 timeline.
$STRK reaction: ~$0.0491, -7.6% 24h, ~$9.0M volume (Binance spot, 15:15 KST). 7-day range $0.0482-$0.0660; today printed the weekly low.
Bull case: a credible white paper gives STRK its own security narrative and more control over its roadmap.
Bear case: own validators and data availability cost a lot, liquidity could fragment, and a split from $ETH may scare off some builders.
Risks: execution, governance delays, and a weak risk-off tape (BTC ~$81K, ETF outflows).
Is post-quantum independence a real edge for L2s, or a distraction?
Source: https://starkware.co/blog/whats-next-following-the-starknet-l1-vote/
#WriteToEarn
Not financial advice. DYOR.
Starknet just voted to study leaving Ethereum. The market sold it anyway.
STRK stakers and delegators backed researching an independent post-quantum Layer 1 with 93.52% of voting power (3,236 votes, Oct 15-22). StarkWare says it was the highest turnout in Starknet governance history.
What it does and doesn't mean:
- Non-binding. Starknet stays an Ethereum L2 for now.
- StarkWare + Starknet Foundation formed a working group; white paper expected in the coming weeks.
- Any actual move needs a separate binding vote. STRK stays the token, no new token planned.
Why now: STARK proofs are hash-based and accounts can switch to post-quantum signatures without a hard fork. But the bridge and data availability inherit Ethereum's elliptic-curve crypto, so full quantum resistance is tied to Ethereum's ~2029 timeline.
$STRK reaction: ~$0.0491, -7.6% 24h, ~$9.0M volume (Binance spot, 15:15 KST). 7-day range $0.0482-$0.0660; today printed the weekly low.
Bull case: a credible white paper gives STRK its own security narrative and more control over its roadmap.
Bear case: own validators and data availability cost a lot, liquidity could fragment, and a split from $ETH may scare off some builders.
Risks: execution, governance delays, and a weak risk-off tape (BTC ~$81K, ETF outflows).
Is post-quantum independence a real edge for L2s, or a distraction?
Source: https://starkware.co/blog/whats-next-following-the-starknet-l1-vote/
#WriteToEarn
Not financial advice. DYOR.
STRK stakers and delegators backed researching an independent post-quantum Layer 1 with 93.52% of voting power (3,236 votes, Oct 15-22). StarkWare says it was the highest turnout in Starknet governance history.
What it does and doesn't mean:
- Non-binding. Starknet stays an Ethereum L2 for now.
- StarkWare + Starknet Foundation formed a working group; white paper expected in the coming weeks.
- Any actual move needs a separate binding vote. STRK stays the token, no new token planned.
Why now: STARK proofs are hash-based and accounts can switch to post-quantum signatures without a hard fork. But the bridge and data availability inherit Ethereum's elliptic-curve crypto, so full quantum resistance is tied to Ethereum's ~2029 timeline.
$STRK reaction: ~$0.0491, -7.6% 24h, ~$9.0M volume (Binance spot, 15:15 KST). 7-day range $0.0482-$0.0660; today printed the weekly low.
Bull case: a credible white paper gives STRK its own security narrative and more control over its roadmap.
Bear case: own validators and data availability cost a lot, liquidity could fragment, and a split from $ETH may scare off some builders.
Risks: execution, governance delays, and a weak risk-off tape (BTC ~$81K, ETF outflows).
Is post-quantum independence a real edge for L2s, or a distraction?
Source: https://starkware.co/blog/whats-next-following-the-starknet-l1-vote/
#WriteToEarn
Not financial advice. DYOR.
21
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