📰 Web3 News Morning Brief | 10.5
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🟥 Regulation & Macroeconomics
▪️ The probability that the U.S. Federal Reserve will keep interest rates unchanged in October rises to 77.9%; the probability of cumulative rate hikes of 25 bps by December is 62.3%—the market is re-pricing for a more relaxed pace
▪️ The Independent Community Bankers of America (ICBA) has sued the OCC, alleging that crypto trust licensing is a “back door to bypass regulation.” Meanwhile, Zcash has set up a new lobbying organization in Washington, focusing on advancing the CLARITY Act and digital asset tax reform
🟩 Projects & Ecosystems
▪️ $APT proposal #206 plans to enable an encrypted trading pool: users can choose to encrypt first, then have validators collaboratively decrypt; the goal is to reduce MEV risks such as racing. Current “yes” votes are about 32.58 million APT, still far from the 300 million APT threshold; the deadline is October 6
▪️ On-chain tokenized stocks on the Solana network: September trading volume surpassed $4.4 billion, setting a new all-time high. Raydium and Orca contributed most of the liquidity
▪️ After Near Intents issued a 48-hour ultimatum, it fully recovered approximately $3.8 million worth of assets that were attacked. In the same period, Revenue Family was accused of abusing permit signatures to maliciously authorize theft of users’ USDG; funds were then rerouted to two hacker addresses
🟦 Capital & Markets
▪️ $BTC breaks $86,000 (+0.87%); $ETH falls below $2,700 (+0.04%). In the past 24 hours, total liquidations across the network reached $62.7 million, with the main liquidation occurring on short positions
▪️ On Hyperliquid, active whale BTC short positions are about $830 million, with a long/short ratio of 0.62; ETH shorts are about $1.05 billion, with a long/short ratio of 0.65. One address holds 78,000 ETH shorts with an average opening price of $2,340; the unrealized loss is already over $30 million
▪️ The Ethena-linked Gnosis Safe address withdrew about 118 million ENA (approximately $27.96 million) from Bybit within 9 hours. POAP founder Patricio Worthalter deposited 4,000 ETH (approximately $10.79 million) to Gemini; the deposit transfer does not necessarily mean the assets have already been sold
▪️ Spot Bitcoin ETFs saw net inflows of $134 million over the first two trading days in October, weaker than the uptick driven by rate-expectation easing after the Non-Farm Payrolls
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💡 Opportunity Commentary
1️⃣ Ongoing regulatory “game” remains sharply divided: bank groups are堵塞 the “back door,” while crypto projects抢抓 the “front door.” The expectation that a U.S. compliance framework will be rolled out by year-end is still simmering—watch #compliance
2️⃣ Solana’s tokenized stocks breaking records signals that RWA is entering an acceleration phase; DEX infrastructure and liquidity providers remain the most direct beneficiaries
3️⃣ Hyperliquid whales are net bearish, while ETFs see a mild inflow return—creating a short-term divergence. Combined with the psychological level around $BTC 8.6 (million), the likelihood of short-term range trading increases. Chasing is unwise; if a pullback occurs, the earlier “Uptober” narrative may regain traction
Markets involve risk; invest with caution. This article does not constitute any investment advice.
━━━━━━━━━━━━━
🟥 Regulation & Macroeconomics
▪️ The probability that the U.S. Federal Reserve will keep interest rates unchanged in October rises to 77.9%; the probability of cumulative rate hikes of 25 bps by December is 62.3%—the market is re-pricing for a more relaxed pace
▪️ The Independent Community Bankers of America (ICBA) has sued the OCC, alleging that crypto trust licensing is a “back door to bypass regulation.” Meanwhile, Zcash has set up a new lobbying organization in Washington, focusing on advancing the CLARITY Act and digital asset tax reform
🟩 Projects & Ecosystems
▪️ $APT proposal #206 plans to enable an encrypted trading pool: users can choose to encrypt first, then have validators collaboratively decrypt; the goal is to reduce MEV risks such as racing. Current “yes” votes are about 32.58 million APT, still far from the 300 million APT threshold; the deadline is October 6
▪️ On-chain tokenized stocks on the Solana network: September trading volume surpassed $4.4 billion, setting a new all-time high. Raydium and Orca contributed most of the liquidity
▪️ After Near Intents issued a 48-hour ultimatum, it fully recovered approximately $3.8 million worth of assets that were attacked. In the same period, Revenue Family was accused of abusing permit signatures to maliciously authorize theft of users’ USDG; funds were then rerouted to two hacker addresses
🟦 Capital & Markets
▪️ $BTC breaks $86,000 (+0.87%); $ETH falls below $2,700 (+0.04%). In the past 24 hours, total liquidations across the network reached $62.7 million, with the main liquidation occurring on short positions
▪️ On Hyperliquid, active whale BTC short positions are about $830 million, with a long/short ratio of 0.62; ETH shorts are about $1.05 billion, with a long/short ratio of 0.65. One address holds 78,000 ETH shorts with an average opening price of $2,340; the unrealized loss is already over $30 million
▪️ The Ethena-linked Gnosis Safe address withdrew about 118 million ENA (approximately $27.96 million) from Bybit within 9 hours. POAP founder Patricio Worthalter deposited 4,000 ETH (approximately $10.79 million) to Gemini; the deposit transfer does not necessarily mean the assets have already been sold
▪️ Spot Bitcoin ETFs saw net inflows of $134 million over the first two trading days in October, weaker than the uptick driven by rate-expectation easing after the Non-Farm Payrolls
━━━━━━━━━━━━━
💡 Opportunity Commentary
1️⃣ Ongoing regulatory “game” remains sharply divided: bank groups are堵塞 the “back door,” while crypto projects抢抓 the “front door.” The expectation that a U.S. compliance framework will be rolled out by year-end is still simmering—watch #compliance
2️⃣ Solana’s tokenized stocks breaking records signals that RWA is entering an acceleration phase; DEX infrastructure and liquidity providers remain the most direct beneficiaries
3️⃣ Hyperliquid whales are net bearish, while ETFs see a mild inflow return—creating a short-term divergence. Combined with the psychological level around $BTC 8.6 (million), the likelihood of short-term range trading increases. Chasing is unwise; if a pullback occurs, the earlier “Uptober” narrative may regain traction
Markets involve risk; invest with caution. This article does not constitute any investment advice.