BITWU

⚡ X Layer now natively supports $USDe, so you won't have to bridge assets to earn yield anymore!

I'm even more excited for the upcoming staking and one-click looping features. With native support, you won't have to go through the hassle of bridging assets to earn yield.

I think the competition among public blockchains in the future may come down to who can make “earning yield efficiently, simply, and securely” a product entry point. X Layer focuses on compliance while providing an ideal gateway for assets—it's a great choice.

$OKB #XLayer #USDe #OnchainYield

🤔 In traditional markets, options trading volume is about 3 times that of futures, but on-chain options volume is less than 1% of the volume on perpetual DEXs.

In crypto, though, hardly anyone trades options. Retail traders have been spoiled by perpetuals, which are far more appealing than options.

This creates a paradox:
🔹 To attract hedging capital, on-chain options first need deep liquidity and competitive pricing;
🔹 But building liquidity requires sustained trading demand, and the most active speculative capital has already been drawn to perpetuals.

As a result, speculators find options inconvenient, while professional institutions think on-chain options are too illiquid—so they fail to satisfy either side.

Do you think on-chain options have a future? Share your thoughts in the comments 👇

$BTC $ETH #链上期权 #DeFi #PerpetualContracts

💳 3.3 million users can now access stablecoins: HSBC’s Hong Kong dollar stablecoin, RedCoin (RCHKD), is officially coming to PayMe!

1️⃣ HSBC announced that over the coming days, more than 3.3 million PayMe users will gradually be able to open a stablecoin wallet in the app. They can use it to send money to individuals and pay over 100,000 merchants. Later this year, HSBC also plans to bring RedCoin to the HSBC HK Mobile Banking app and support subscriptions to tokenized investment products, including a new share class of a Hong Kong dollar money market fund.

2️⃣ Meanwhile, OKX and ICE’s plans for tokenized stocks have faced opposition from more issuers. Tokenized stocks can be traded around the clock, but it may take time to determine whether issuers recognize them, shareholder rights are fully protected, and price discovery is reliable.

3️⃣ The US SEC has listed tokenization and advanced AI among its examination priorities for the new fiscal year. Other priorities include cybersecurity, protecting customer information, and investor protection for complex financial products.

New financial infrastructure is taking shape, but user adoption, legal rights, and risk controls still need to be tested.

$USDT #稳定币 #RWA #Tokenization

🔥 Traditional brokerages are starting to embrace crypto assets: Futu now supports deposits and withdrawals of $BNB !

It may be a small step, but it’s a significant one. Traditional brokerages are embracing crypto assets, while native crypto exchanges are bringing traditional financial assets on-chain. BNB has taken the first step.

Note that this isn’t a direct transfer from the Binance exchange to Futu. Instead, you transfer from your personal Web3 wallet: eligible users can transfer BNB from a self-custody wallet to their Futu crypto account via BNB Smart Chain (BEP20), and withdraw it to a verified address.

There are two restrictions:
1️⃣ This is only available to eligible professional investors in Hong Kong—not all retail users can access it;
2️⃣ This is only for depositing and withdrawing assets in a crypto account. It doesn’t mean you can use BNB directly to buy Hong Kong or U.S. stocks.

#BNB #富途 #传统金融上链 #BNBChain

📉 BTC surged toward $85K, then fell back to $81K, liquidating both longs and shorts in a single day. On the U.S. Treasury side, the 10-year yield fell below 5%—its biggest one-day drop since 2023-03-10.

Here’s a quick look at some of the latest figures (as of 10/23 09:00 Beijing time) 👇

1️⃣ Prices
$BTC $81,358 (24h -3.31%), $ETH $2,391.32 (-3.27%), $BNB $731.08 (-2.24%). BTC reached a high of $84,899.6 in the previous window and a low of $80,924.9 in this window. CoinDesk, citing CoinGlass data, reported about $431M in liquidations over 24 hours, with both longs and shorts getting liquidated.

2️⃣ ETF flows
After late-reported data for 10/21, BTC spot ETFs showed net inflows of +$524.8M. Preliminary figures for 10/22 showed net outflows of -$381.5M, but IBIT’s figure had not yet been released, so this number may change. ETH spot ETFs saw a combined -$202.1M in outflows over the five days from 10/16–10/22, with net outflows on 19 of the past 30 trading days.

3️⃣ Macro
The 10-year U.S. Treasury yield fell from 5.13% to 4.96%, the 2-year yield fell from 4.81% to 4.65%, and the DXY stood at 101.54. Polymarket shows the odds of a 25bp rate hike at the October FOMC meeting have fallen to 5.5% (they were still 27.5% on 10/16). Rate-hike expectations are cooling, but BTC and U.S. stocks have also fallen over the same period, suggesting the market is now more focused on seeking safety.

4️⃣ Leverage and on-chain
The OKX BTC perpetual funding rate is +0.0067%/8h, still positive. Total BTC open interest across OKX contracts fell from $3.53B to $3.37B. Combined USDT+USDC supply is $255.5B, down $3.8B over 30 days. AHR999 is 0.50, and MVRV is 1.56.

5️⃣ Industry
According to The Block, the OCC’s final rules for the GENIUS Act make third-party rewards subject to case-by-case review, while issuers still cannot pay interest directly. Solana Alpenglow has reportedly been activated, bringing finality down from about 12.8 seconds to around 150 milliseconds. Standard Chartered has signed an agreement to acquire Zodia Custody; the amount was not disclosed.

👀 Three things to watch next: the late-reported IBIT figure for 10/22, whether BTC can reclaim $82,641, and how funding rates and open interest change.

Data is from public sources and does not constitute investment advice.

#BTC #ETF资金流 #美债 #Macro

Futu has started accepting BNB deposits and withdrawals!

Although this is just a small step forward, it signals that traditional brokerages are beginning to proactively integrate crypto assets, while native crypto exchanges are starting to bring traditional financial assets on-chain. $BNB has taken the first step.

Also, please note:

This isn’t a direct transfer from the Binance exchange to Futu. It’s for personal Web3 wallets. Eligible users can transfer BNB from a self-custody wallet to their Futu crypto account via BNB Smart Chain (BEP20), and can also withdraw it to a verified address.

There are two restrictions:

1️⃣ This is only available to eligible professional investors in Hong Kong, not all retail users.

2️⃣ This is a deposit and withdrawal feature for crypto account assets. It does not mean that BNB can already be used directly to buy Hong Kong or U.S. stocks.

The DarkSword vulnerability has a significant global impact. iOS users are advised to upgrade to the latest iOS 27 as soon as possible,

to protect their devices.

Compared with this guy, the hardships we've endured in China's A-share market don't seem like much!

Sure enough, happiness is all about having someone to compare yourself with!

On-chain options trading volume is still less than 1% of the volume on perpetual DEXs, while options trading in traditional markets is about three times the volume of futures.

In crypto, though, nobody seems to trade options anymore. Retail traders have gotten picky, and options are far less appealing than perpetuals.

This creates a very interesting paradox:

For on-chain options to attract hedging capital, they first need sufficient liquidity and competitive pricing;

but building liquidity also requires sustained trading demand, and the most active speculative capital has already been drawn to perpetuals.

As a result, speculators find options inconvenient, while professional institutions think on-chain options are too illiquid—so neither side is happy.

So here's the question:

Do on-chain options even have a future? 😂

A sharp selloff in U.S. tech stocks dragged crypto down, with $BTC and $ETH retreating in tandem.

SoFi has launched tokenized deposits backed by deposit insurance, opening up a new avenue in the stablecoin race.

BTC ETF flows have improved over the past five days, but the price remains under pressure.

Yesterday, I dug up a stock account that had been sitting around for N years and found 30,000 bucks in it that I’d completely forgotten about.

Couldn’t be bothered to withdraw it, so I bought two stocks with my eyes closed—and got a reality check today!

Tom Lee says the market is in sell-off mode, with tech and semiconductors under heavy pressure. They’ve already hit support.

I’ve decided to listen to Tom Lee, enjoy some hot dry noodles with an extra egg, and wait for him to get me back to break-even next week!

I suddenly realized that the four security incidents that happened in quick succession this month have covered the entire stack in terms of attack surface distribution—

Ledger / CryptoBilis: physical supply chain
XRP: vulnerability in the protocol’s underlying payment code (discovered by AI)
Cysic bridge: cross-chain bridge verification and minting authorization
Qubic: private key generation mechanism

We’ve always pursued trustlessness, but in reality, many trust relationships haven’t disappeared—they’ve simply shifted to places users are less likely to notice.

And the emergence of AI will further amplify this issue. Even old protocols that have been running for years without any major security incidents may gradually face scrutiny.

It feels like it’s only a matter of time before Crypto’s security model undergoes a major shift.

Looking at it this way, maybe there isn’t even a truly secure “mainstream coin”—except
$BTC ?

Why has Tencent fallen so much? It's below 400 now!

Should I buy some?

😂 Machi Big Brother has lost everything on Papertrade too—off to a bad start and underwater the whole time.

Curious, I ran the numbers. Using Machi’s Hyperliquid main wallet performance over the past six months as a baseline, and applying a reverse-mirror strategy—go short when he goes long, close when he closes, with the same notional position size:

My return would have been about +14.5%, assuming the same leverage and an ideal scenario with no liquidations.

By comparison, if you took equal-sized opposite positions to the famously bearish signal James Wynn, your return could reach +29.5%, with a 67% win rate.

It suddenly struck me: the four security incidents that happened in quick succession this month have already covered the entire stack in terms of attack surface—

Ledger / CryptoBilis: physical supply chain
XRP: vulnerability in the protocol’s underlying payment code (discovered by AI)
Cysic bridge: cross-chain bridge validation and minting authorization
Qubic: private key generation mechanism

We’ve always pursued trustlessness, but many trust relationships in the real world haven’t disappeared—they’ve simply shifted to places users are less likely to notice.

And the emergence of AI will amplify this problem even further. Old protocols that have been running for years without any major security incidents may gradually come under scrutiny.

It feels like it’s only a matter of time before crypto’s security paradigm undergoes a major shift.

Looking at it this way, maybe there isn’t even a truly secure “major coin”—except $BTC ?

$BTC 🚀

What makes Grokbot so useful is how seamlessly it integrates with X. Besides gathering information from X, you can let it manage your DMs.

It can help you negotiate business deals, and, based on your preferences and needs, accept or decline things that are completely unsuitable for you.

It's also highly sensitive to risk. It won't open any files sent by the other person without verifying the situation and getting my permission.

Lately, it's been managing my X DMs really well. Every day, it sends me a scheduled report telling me who I've talked to, what might benefit me, what it recommends I do next, and what isn't right for me and what risks it poses. It explains why, then leaves the final decision up to me.

I think that if this kind of system keeps developing, it will be hard for people to live without agents like this.

Today’s focus:

1️⃣ BlackRock has filed for a new Bitcoin-related fund that aims to offer some downside protection, while limiting upside participation and explicitly warning that the protection is not guaranteed.

2️⃣ Mesh has also announced a partnership with Visa, with plans to let people use crypto asset balances in their wallets for everyday payments.

I spotted this master trader’s positions on Binance right away!

Another great thing about this update is that AI can monitor the market based on your portfolio, and you can review your profit and loss alongside related events.

The market brief Yaya mentioned also supports audio and updates every 4 hours. Sometimes I’m away for a few hours, and when I get back, I can listen to it all at once to catch up on the market.

Inflation erodes the value of cash, while a bad investment can wipe out your principal.

What investing really needs to solve is how a person can gradually free themselves from total dependence on income from work.

When you rely solely on income from work, your wealth-building is constrained by time and energy. Only when you begin to own shares in excellent businesses do you get the chance to benefit from other people’s work, technological progress, and greater productivity.

Ultimately, each of us can create only so much wealth through our own efforts. Capital, however, can enable ordinary people to take part in creating value on a scale far beyond their individual abilities.

That’s why investment choices matter. The past few years have taught many people this lesson through real estate and altcoins.

Assets truly worth holding for the long term aren’t simply those whose prices can rise, but those capable of consistently increasing profits and cash flow.