📰 October 11 Crypto & AI News Brief

🪙 Crypto
① One year since the “10/11” crash: On October 11, 2025, liquidations across the crypto market topped $19 billion in a single day, setting a record. BTC plunged from around $116,900 to $102,000 in 30 minutes (-12.7%). Binance later paid approximately $283 million in compensation to affected users.
② Ledger confirms supply chain attack: At least one affected user device contained an unauthorized hardware implant. The incident involved distributor CryptoBilis, with the amount involved estimated at around $86 million. Ledger said its internal systems were not compromised.
③ Bitmine Chairman Tom Lee: Ethereum could reach $25,000–$50,000 in this cycle, and may break above $5,000 by year-end. Market data shows traders see only about a 4% chance of ETH reaching $5,000 by the end of 2026.

🤖 AI
④ According to the Financial Times, Nvidia is in talks to acquire open-source model startup Reflection AI.
⑤ Microsoft CEO Satya Nadella has called for an “emergency brake” mechanism for advanced AI to guard against the risk of internal threats caused by rogue agents.
⑥ Google’s internal model Gemini 4 Carbon has reportedly been revealed, with coding capabilities approaching Anthropic’s flagship Opus, according to Business Insider.

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