Cointime

Dragonfly 管理合伙人：“智能体将全面采用加密支付”的叙事已被证伪
Dragonfly 管理合伙人 Haseeb Qureshi 今日在 TOKEN2049 峰会上演讲表示，年初“智能体将全面采用加密支付”的叙事已被证伪，现实是信用卡等传统轨道早已准备好。\n\n真正的转变在于——智能体不需要加密货币，是你需要。智能体将让加密变得可靠（像银行一样拦住你的愚蠢操作），同时在AI大幅降低监控成本、物理攻击激增的全景监狱时代，加密与私有AI成为个人对抗国家权力、重获隐私的最后防线。

Eric Trump：稳定币正在成为全球发薪方式，家族企业正研究为数万名员工以稳定币支付薪酬
现场报道，在新加坡 Token2049 大会上，World Liberty Financial 联创 Eric Trump 表示，用稳定币发放工资的时代已经到来。他透露，其家族企业作为“超级雇主”，在全球酒店资产拥有数万名员工，“毫无疑问正在研究”以稳定币发薪。他指出，运动员要求以比特币支付合同已成先例，且底层资产增值往往远超合同金额；对普通员工而言，支票清算需要 24–36 小时，而人们要的是钱“立刻进账户”。

XRP Ledger outpaces Ethereum in tokenized commodity growth, with $2.2 billion in net inflows year to date
On October 7, U.Today reported that joint data from Token Terminal and the RWA Foundation for October 2026 showed XRP Ledger (XRPL) surpassing Ethereum in the market capitalization growth of tokenized commodities. Year to date, XRPL had net inflows of $2.2 billion, while Ethereum ranked second with $1.6 billion. Avalanche came third with $334.5 million, followed by BNB Chain with $57.5 million. The report attributed the difference to their architectures: issuing assets on Ethereum requires writing complex smart contracts and paying unpredictable gas fees, whereas XRPL can tokenize real-world assets at the protocol level. Its built-in IOU mechanism brings costs to less than a cent, with settlement taking just 3–5 seconds. The main driver was the energy sector, with JMWH, a tokenized power generation contract launched by Latin American company Justoken, contributing the most liquidity.

Data: Binance users’ Bitcoin holdings rose by $537 million in September, while Ethereum holdings fell by $499 million
According to Binance’s proof-of-reserves data, Binance users’ Bitcoin holdings increased by approximately $537 million in September 2026, rising 0.91% to approximately 688,600 BTC. Over the same period, Ethereum holdings fell by approximately $499 million, balances declined 4.61%, USDT holdings fell 0.87%, and BNB holdings fell 0.77%. Bitcoin was the only major asset to see an increase in customer balances. Binance’s report did not explain the reasons or indicate whether the same customers sold ETH and bought BTC. In terms of reserves, Binance’s coverage ratio for customer deposits exceeded 100% for all eight assets. Binance held approximately 691,000 BTC against customer holdings of approximately 688,600 BTC, a surplus of 0.35%, or about 2,431 BTC. Ethereum reserves had almost no surplus.

Binance customer holdings in September: Bitcoin rose by about $537 million, while Ethereum fell by about $499 million
On October 7, BeInCrypto reported that Binance’s proof-of-reserves data showed that users’ Bitcoin holdings on Binance increased by about $537 million in September 2026, while their Ethereum holdings fell by about $499 million over the same period. Bitcoin was the only major asset to see an increase in customer balances, rising 0.91% to about 688,573 BTC. Ethereum balances fell 4.61%, USDT holdings declined 0.87%, and BNB fell 0.77%. The report noted that Binance did not explain the reasons for these changes, nor did it indicate whether the same customers sold ETH to buy BTC. On the reserves side, Binance’s coverage of customer deposits exceeded 100% across all eight assets, but its buffers varied: it held 691,004 BTC against customer holdings of 688,573 BTC, a surplus of 0.35%, or about 2,431 BTC. Ethereum had virtually no surplus.

Lisa Su: AMD to invest tens of billions of dollars in global supply chain
AMD CEO Lisa Su said the company will invest tens of billions of dollars in total across its global supply chain.

Hyperliquid Founder: Options Products Are the Next Major Focus
On October 7, Hyperliquid founder Jeff Yan said at TOKEN2049 in Singapore that options will be the next addition to Hyperliquid, allowing traders to hedge options with spot and perpetual contracts on the same order book.

马斯克：或许可转租 TeraFab 部分区域给台积电
马斯克表示，如果台积电愿意，或许可以转租 TeraFab 的部分区域，但仅限于此。

Bridgewater Associates founder Ray Dalio: AI bubble nearing burst
On October 7, billionaire and Bridgewater Associates founder Ray Dalio warned that artificial intelligence is a “classic bubble” that is gradually nearing its breaking point as interest rates rise and wealth needs to be converted into cash. Dalio said that a great deal of debt is currently being used to fund AI. As interest rates continue to climb, the bubble could begin to burst at this point. He said, “We’re at the stage of the cycle where we’re approaching this point, and I think we’re very close to it.” He added that other factors could also trigger the bubble’s collapse, including wealth taxes and other measures aimed at converting unrealized gains into cash. He said, “Everyone says, ‘I’m worth $1 billion,’ but the problem is that to spend that wealth, you have to sell assets for cash—and that is often precisely what triggers a bubble to burst.”

Data: Ethereum active validator count falls to around 863,000, while staked ETH rises slightly
According to The Defiant, citing Beaconcha.in data, the number of active Ethereum validators fell 2.5% over the past 7 days to around 863,000, while the total amount of staked ETH rose slightly by 0.08% over the same period to 43.74 million ETH. The decline in validator numbers is mainly related to the validator consolidation mechanism introduced after the Pectra upgrade. The upgrade raised the maximum effective balance for a single validator from 32 ETH to 2,048 ETH, allowing operators to consolidate multiple validators without unstaking, thereby reducing network communication and consensus overhead. Currently, around 507,000 ETH is in the consolidation queue, with an estimated wait time of about 5 days and 11 hours.

BTC 跨所近端深度分化，Binance 现货买盘 1,616 万美元，Hyperliquid 卖盘显著占优
据盘口情报平台 Liquid24/7.xyz 监测，Bitcoin 现价约 84,340 美元。Binance 现货 BTC 近端买盘厚度约 1,616.18 万美元、卖盘约 1,039.11 万美元，买盘净多出约 577.07 万美元；Binance 永续买盘约 4,421.72 万美元、卖盘约 4,551.45 万美元，卖盘净多出约 129.73 万美元；Coinbase 现货买盘约 2,668.29 万美元、卖盘约 2,368.83 万美元，买盘净多出约 299.46 万美元。 OKX 永续买盘约 1,598.9 万美元、卖盘约 2,022.83 万美元，卖盘净多出约 423.93 万美元；Hyperliquid 永续买盘仅约 189.11 万美元、卖盘约 1,218.44 万美元，卖盘净多出约 1,029.33 万美元。Hyperliquid 近端卖盘相对买盘明显偏厚，若出现大额市价单，Hyperliquid 一侧滑点可能更大。

Ethereum active validators fall to around 863,000, while staked ETH rises to 43.7 million
On October 7, TheDefiant reported that the number of active Ethereum validators had fallen to around 863,000, down about 2.5% over seven days and significantly below the nearly 975,000 recorded at the start of the year. Meanwhile, the total amount of staked ETH rose to around 43.7 million, up from about 36.3 million at the beginning of the year, and now accounts for roughly 35.8% of the total supply. The report noted that this divergence stems from the Pectra upgrade: EIP-7251 raised the maximum effective balance for validators from 32 ETH to 2,048 ETH, allowing operators to consolidate balances without withdrawals. Multiple validators can now be represented by a single validator, reducing network messaging and signing overhead. Lido, the largest staking service provider, is consolidating more than 265,000 validators into around 4,000. In addition, both validator exit and entry queues have grown significantly longer.

South Korean retail investors lose about 2.3 trillion won on single-stock leveraged ETFs in two months as regulators shift toward restrictions
On October 7, data compiled by South Korea’s financial regulators showed that investors are estimated to have lost 2.3 trillion won, or about $1.7 billion, between May 27 and August 14, since the launch of single-stock leveraged exchange-traded products in May this year. This marks the first time regulators have disclosed the total losses on this type of highly leveraged single-stock product. The figures cover only 10 of South Korea’s leading brokerages and do not represent the total losses of all South Korean investors. Since July, regulators have gradually introduced restrictions, including temporarily banning new products from being listed, raising minimum cash margin requirements, and requiring investors to complete specialized training before trading. In less than two months, South Korean regulatory policy shifted markedly from encouraging the launch of these products in May to curbing their expansion in July.

Solana tokenized silver project Dominion announces shutdown after liquidity collapses following September attack
On October 7, Solana tokenized silver project Dominion announced it was shutting down. The team said a September security incident led to large amounts of SILV being compromised and dumped, followed by a liquidity collapse, loss of operating capital, and damage to market structure. The capital required to rebuild exceeded the project’s remaining resources. Dominion has allocated most of its remaining liquid funds to a refund program, allowing eligible holders of SILV acquired before the attack to exit at $63 per token. SILV was originally designed as a Solana token backed 1:1 by physical silver, with each token representing one troy ounce of silver. On September 11, attackers gained control of 3 of its 5 multisig keys and dumped approximately 46,909 SILV on thinly liquid DEXs. The tokens had a nominal value of about $3 million before the attack, but the attackers ultimately cashed out around $238,000.

South Korean retail investors lose $1.7 billion on leveraged ETFs in months
According to Bloomberg, South Korean retail investors are estimated to have lost about 2.3 trillion won (around $1.7 billion) between May 27 and August 14 on single-stock leveraged ETFs and note products tracking Samsung Electronics and SK Hynix, citing data from the Financial Supervisory Service provided by a lawmaker’s office. Since July, South Korean regulators have taken measures to curb risks associated with these products, including a temporary ban on new listings of leveraged single-stock products, higher minimum cash margin requirements, and enhanced investor education.

U.S. IRS: Qualified Trusts Can Participate in PoS Staking Without Losing Tax Benefits
On October 6, the U.S. IRS issued Revenue Procedure 2026-20, updating and replacing Revenue Procedure 2025-31, published in November 2025. It clarifies that qualifying investment trusts and grantor trusts may participate in PoS staking while retaining their tax-favored treatment. The IRS classifies compliant staking as a “conservation activity,” keeping trusts on the passive side and preserving their status as investment trusts and grantor trusts (IRC Sections 671–677). The safe harbor includes 14 requirements, including listing shares on a national securities exchange, holding only a single digital asset, having assets held by a qualified custodian, obtaining SEC approval of liquidity policies, and not hoarding staking rewards. This guidance applies to tax years ending on or after November 10, 2025.

Coinbase to relaunch Coinbase Pro by year-end and complete Deribit integration
Cryptocurrency exchange Coinbase announced that it will relaunch the Coinbase Pro platform by the end of this year and has completed its integration of Deribit, forming Coinbase Global Exchange. At the Token2049 event in Singapore, Coinbase said its U.S.-regulated futures commission merchant, Coinbase Financial Markets, will soon connect eligible U.S. customers to global crypto derivatives liquidity. This marks the first time in market history that U.S. and international derivatives markets have been connected in a single liquidity pool. Coinbase said guidance issued by the U.S. Commodity Futures Trading Commission in May allows Coinbase Financial Markets to connect U.S. customers to global crypto derivatives markets, enabling U.S. institutional clients to access options and perpetual futures in a regulated manner—products they previously could access only through offshore entities and multiple counterparties. Eligible traders outside the U.S. will gain access to options trading in the coming weeks, while U.S. retail customers are expected to get access later this year. U.S. institutional clients can trade Deribit options and perpetual futures through Coinbase Prime, and account applications are now open. In August 2025, Coinbase acquired Deribit, one of the world’s largest crypto options exchanges, for approximately $2.9 billion. As of September 30, Deribit had more than $30 billion in open interest in Bitcoin options and processed over $1 trillion in trading volume last year.

Tom Lee: At the start of a supercycle, traditional finance will be fully tokenized within a decade
On October 7, Tom Lee said at Token2049 that we are at the start of a supercycle, and that everything in traditional finance will be tokenized over the next decade. Most traditional financial institutions, including BlackRock, JPMorgan, and Robinhood, will build on Ethereum. He continued to express bullish views on ETH and BMNR, saying that if you’re bullish on ETH, you should also be bullish on Bitmine. The latter aims to outperform BTC, ETH, and other core assets during this cycle: if ETH rises to $22,000, BMNR’s share price will climb from $26 to $300–$500; if ETH rises to $62,000, BMNR will reach $1,200–$1,500.

Yi Lihua: Bitcoin Has Not Broken Key Support, While Altcoins Have Seen a Broad Correction
On October 7, Yi Lihua, founder of Liquid Capital, analyzed the market in a post on X, saying he had warned of correction risks several times recently: Bitcoin has yet to fall below key support, but altcoins have undergone a broad correction. A month ago, he had predicted that Bitcoin would face a correction after rising to $86,000. He said that bull markets spend most of their time consolidating, with only brief periods of rapid gains and normal corrections; there is no bull market that only goes up. Even a sharp correction in this cycle would be a normal part of the bull-market trend. He advised investors that they do not need to trade constantly or chase every opportunity, and should keep some positions open while waiting for a better time to act.

Data: A trader's 3,728 ETH long position was completely liquidated within 3 minutes, worth approximately $9.85 million
According to Lookonchain, the price of ETH just fell below $2,600, and a trader at address 0xcbab had their entire long position of 3,728 ETH (worth approximately $9.85 million) liquidated in just 3 minutes.