The mark price is 0.07141 versus the current price of 0.0716—almost identical. But over the past $ERA 24 hours, it has already dropped 15.07%, while the 4-hour funding rate has also fallen to -0.0685%. Shorts are crowded on one side, and anyone who keeps shorting has to pay this rate. The next settlement is in about 197 minutes, and 24-hour trading volume is $31.62 million, so the volume doesn’t look thin. I’d rather see whether the negative funding rate drops further around settlement than rush to read this decline as a reversal. Do you think shorts are paying to hold their positions, or has the decline run its course and the market is waiting for a short squeeze? #资金费率 #合约异动
I first checked Ripple ($XRP ), currently priced at $1.414, up 1.53% in the last 24 hours, with a relatively calm candlestick chart. What really catches the eye is the figure next to it: the bounty for the critical vulnerability is only $250,000. ZachXBT targeted this; XRPL holds billions of dollars in assets, making the reward a huge disparity between the reward and the total supply. The vulnerability theoretically bypasses the total supply limit, but the foundation says it wasn't discovered, resulting in the creation of $XRP coins. It's been patched in version 3.4.1. The vulnerability is fixed, but the incentive is still meager. A white-hat hacker submits a problem that touches the supply limit, and this is the reward? I wonder if they'll report it first or exploit it first next time. The 1.53% increase indicates there wasn't a short-term sell-off, but it doesn't mean the issue has been wiped out.
Not a single word of policy text has landed yet, but the 2026 Financial Street Forum Annual Conference is already being hyped as if “reform is on the way.” The press conference held by Jin10 Data on October 12 really only nailed down the dates: it will take place in Beijing from October 19 to 22, with a main forum, parallel forums, special conferences, and related events. The main forum is hosted by the People’s Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, Xinhua News Agency, and the State Administration of Foreign Exchange. Topics include economic governance in the age of AI, financial innovation and central bank decision-making, as well as cross-border finance. During the conference, financial regulators are set to unveil a series of policies on reform and development. The press conference didn’t say which policies, or whether they have anything to do with crypto assets. I’ve just marked it on my calendar ahead of October 19; I’m not treating it as news that’s already come to pass. Will you trade on the headline first, or wait for the documents to come out?\n#金融街论坛 #政策日历
Up 3.24% in the past 24 hours, Hyperliquid ($HYPE ) is trading at 87.61 USDT. According to Odaily, Dragonfly managing partner Haseeb Qureshi said in a recent Space that Hyperliquid has limited overlap with users of centralized trading platforms. Some people who struggle to complete KYC or can’t use mainstream platforms treat it as their primary gateway to trading. Its market share continues to grow, yet trading volumes on centralized platforms haven’t declined in tandem. He believes the two are expanding the market together rather than competing for existing users. He’s also bullish on demand for pre-IPO stock trading and the crypto market’s performance over the next 6 to 12 months. By 2030, he thinks the lines around “crypto VCs” will gradually blur as crypto technology becomes more integrated into fintech, digital banking, stablecoins, and consumer products. Firms like Dragonfly will also increasingly invest in fintech, emerging technologies, and AI companies. Success will no longer depend simply on familiarity with crypto, but on understanding the market, having industry connections, and being able to help founders solve real-world problems. Do you think this is genuine market growth, or just a temporary difference in points of entry? #加密快讯 #Hyperliquid
Over the past 24 hours, according to Binance News, Binance Coin ($BNB ) was priced at 755.32 USDT, up 1.01%. The same official announcement said Binance has launched Auto Order Routing for spot trading: starting today, U-denominated trading pairs are available; USD, USD1, USDC, and other quote assets will follow in stages, subject to regulatory approval in the relevant jurisdictions. The feature compares the order books and liquidity of local fiat trading pairs with those of more liquid intermediary trading pairs, then routes orders along the path offering the best price. Users pay a trading fee only once, with no additional charge for conversions involving intermediary quote assets, though standard spreads still apply. Any BNB fee discount already enabled will continue to apply. Both market and limit orders are supported, and the feature can be enabled or disabled from the “Trading Mode” dropdown on the trading page. For users who regularly trade U-denominated spot pairs, orders can now be automatically routed after comparing prices across multiple paths, with fewer fee charges. Spreads and availability in each jurisdiction should still be checked separately. #币安 #SpotTrading
Bitcoin ($BTC ) is currently priced at 84,164.01 USDT, up 1.30% over 24 hours. It traded between 82,975.37 and 84,352, with a 1.7% range and $721 million in spot volume. The 7-day high is 86,725.12 and the low is 80,393.56; the current price is about 60% of the way through that range. The perpetual funding rate is 0.0002% (settled every 8 hours), with open interest of about 93,569 BTC, worth approximately $7.875 billion. The account long/short ratio is 1.32, while the top trader position long/short ratio is 1.54, indicating a slight tilt toward longs. The funding rate remains near zero, and positioning is not particularly crowded. Approximately $4.68 million in liquidations were recorded over 24 hours. Circle Bitcoin TVL fell 32.1% over 24 hours to $55.48 million. The Smarter Web Company completed a $13.25 million IPO, and MORE, a Bitcoin-backed preferred stock, will begin trading on the London Stock Exchange Main Market this Wednesday. Macroeconomically, inflation and high interest rates continue to weigh on risk assets. Next week, watch for US CPI and retail sales data. Watch the intraday upper bound at 84,352 and the 7-day high of 86,725.12, as well as whether the funding rate and long/short ratios continue to rise. #比特币 #Funding flow
The current price of 5.799 is almost right on the liquidation price. This NEAR ($NEAR ) long was liquidated, with short-term selling pressure hitting the 5.7933 level. A NEARUSDT long position worth about $198,000 was just liquidated on Binance Futures: 34,247 tokens at an average price of 5.7933 USDT. Leverage on the downside is being flushed out. It’s still up 10.31% over 24 hours, with the price higher, yet the longs got liquidated first—that’s a little counterintuitive. The flush happened right beside the current price, clearing out a layer of leveraged longs at this level. Do you see this $198,000 liquidation as a normal shakeout during an uptrend, or do you think another round of liquidations is still ahead? #Liquidation
According to figures shared by Odaily Planet Daily, the total market cap of tokenized stocks has hit a record $3.9 billion. BNB Chain ($BNB ), Ethereum ($ETH ), and Solana ($SOL ) together account for around 70% of the market, with the remaining 30% or so spread across other chains.
$ETH Current price: 2,577.33 USDT, up 2.86% in 24 hours. Viewed alongside the new market cap high and this price gain, it looks more like the tokenized stock market as a whole is growing, rather than just one chain moving on its own. The fact that 70% is concentrated on these three chains is clear for now, but there are no newer figures to show whether other chains will take a bigger share next.
Which matters more to you: the $3.9 billion total, or whether that 70% share will decline? #代币化股票 #CryptoFlash
If stablecoins really face a run, could the fire spread to banks? On October 12, Deep Tide TechFlow cited Cointelegraph: the Financial Stability Board (FSB) submitted a report to G20 finance ministers and central bank governors, warning that gaps remain in cross-border stablecoin oversight, crisis management, and AI-related cybersecurity. Chair Andrew Bailey said that cross-border oversight and crisis management arrangements “remain immature or have yet to be established.” During a run, reserve assets could be forced into a fire sale, prompting outflows from bank deposits and bringing risks into traditional financial markets. Multi-issuer structures make things more complicated: redemptions could hit a single issuer, while reserves are spread across different jurisdictions. The FSB also finalized practices for the responsible use of AI by financial institutions, covering governance, development and deployment, cybersecurity, and third-party services. It warned that complex AI-driven cyberattacks could undermine the resilience of critical institutions and market infrastructure. Which issue concerns you more? #稳定币监管 #G20
Binance News via Odaily Planet Daily: Financial Stability Board (FSB) Chair Andrew Bailey said that the 2025 review covered 28 jurisdictions, but only 11 had completed their stablecoin regulatory frameworks. Cross-border oversight and crisis management remain underdeveloped, and some jurisdictions have yet to establish frameworks.
The FSB warned that a run on stablecoins could force the sale of reserve assets and trigger withdrawals of bank deposits, potentially sending shockwaves through traditional financial markets. Stablecoins with multiple issuers add another layer of complexity: redemption demand could concentrate on a single issuer while reserves are spread across different jurisdictions. The FSB also finalized practices for the responsible use of AI in the financial sector, while noting that AI-powered, sophisticated cyberattacks could undermine the resilience of critical financial institutions and market infrastructure.
With the frameworks and crisis plans still incomplete, which cross-border issue do you think should be addressed first: redemption rules or clarity on reserve custody? #稳定币 #Regulation
October 5–11: The TRON ($TRX ) industry weekly report, in brief: Stocks and bonds remain at elevated levels, making a sustained crypto rebound unlikely. Inflation and high interest rates continue to weigh on risk assets, while Bitcoin ($BTC ) and Ethereum ($ETH ) have pulled back. Next week, the key data to watch are the U.S. CPI and retail sales figures. Hot topics include stablecoins, RWA, and compliant infrastructure. This week’s report examines Credible: using stablecoin liquidity and short-term accounts receivable financing to connect fiat and stablecoins and build a global PayFi payment network, with the goal of T+0 settlement. It also explains the model and its risks. Regulatory developments in the U.S., EU, and South Korea are reviewed as well. $TRX is currently at 0.3326 USDT, up 0.64% over 24 hours. The payment narrative is gaining momentum, but price direction still depends on whether next week’s macro data continues to point to tighter conditions. #波场周报 #PayFi
Filecoin ($FIL ) has moved to around 92% of its 7-day range in the short term, with bullish positions looking crowded after a sharp 24-hour gain. The current price is 1.2519 USDT, up 13.75% over 24 hours and another 0.73% in the past hour. The intraday range is 1.088–1.2764, with a 17.3% amplitude; the 7-day high is 1.2764 and the low is 0.9858. Spot trading volume over 24 hours was $28.99 million. The perpetual funding rate is 0.0100% (settled every 8 hours), and open interest is about 60,264,224 FIL, equivalent to roughly $75.44 million. The account long/short ratio is 2.16, while the large-trader position long/short ratio is 2.62, indicating that large traders are more bullish than accounts overall. Visible liquidations over 24 hours totaled about $30,000, so liquidation activity was limited. Layer 2 and DePIN sectors also gained more than 6% over the same period, suggesting this rally is not isolated. Key points to watch are whether the price can hold above 1.2764 and whether the funding rate and long/short ratios continue to rise. #CapitalFlows
No new coin tickers appeared in the listing announcement, but Binance Futures is set to list multiple U-margined TradFi perpetual contracts on 2026-10-12. The only details confirmed are: U-margined, perpetual, more than one contract, and the source is a Binance announcement. The specific assets, leverage, and funding rates aren’t mentioned, and there are no price figures either. Volatility in traditional assets is packaged into contracts, but settlement is still in U, so this isn’t the same route as swapping tokens on the spot market. Until the full list is published, discussion is basically limited to which products will be included. Would you rather see the list first, or the funding rate rules? #币安合约 #TradFi
Intraday range: 109.24–113.4, with a 3.8% amplitude and $150 million in spot trading volume. The perpetual funding rate is 0.0084% (settled every 8 hours), with open interest of around 8,372,742 tokens, worth approximately $942 million. The account long/short ratio is 2.29, and the large-trader position long/short ratio is 2.11, indicating greater crowding on the long side; visible liquidations over the past 24 hours totaled around $1.33 million. The 7-day high is 122.08 and the low is 105.71, with the current price around 41% of the way through that range. Aster has integrated Solana ($SOL ) via Sunrise, allowing users to trade ASTER ($ASTER ) within the ecosystem. First watch whether 113.4 can hold, with 109.24 as the level below to monitor, and keep an eye on whether the funding rate and long/short ratios continue to rise. #FundingRate
Ethereum ($ETH ) staged a short-term rebound, pushing the price to 2,563.98 USDT, close to its 24-hour high. However, it remains in the middle of its 7-day range, so the gain has done little to change the positioning structure. The price is up 2.33% over 24 hours, with a range of 2,497.85–2,579 and a 3.2% amplitude. Spot trading volume was $537 million. The 7-day high was 2,734.55 and the low was 2,406.11; the current price is roughly 48% of the way through that range, still some distance from the previous high. The perpetual funding rate is -0.0021% (settled every 8 hours), slightly favoring shorts paying funding. The account long/short ratio is 2.73, indicating a clear long bias among accounts, while the large-holder position long/short ratio is 1.49. The two indicators point in the same direction, but positioning is less crowded among large holders. Open interest is about 2,348,128 ETH, worth approximately $6.021 billion. Visible liquidations over 24 hours totaled about $2.59 million, a relatively small amount. Accounts are tilted long, but the funding rate has not yet turned positive. Watch whether the price can hold above 2,579 and whether the account long/short ratio continues to rise. #Funding Rate
The long/short account ratio has fallen to 0.66, showing a clear buildup of short positions. On Binance Futures’ ZECUSDT perpetual contract, Zcash ($ZEC ) was still at 0.70 an hour ago, with long accounts making up about 39.9% and short accounts 60.1%.
The current price is 1345.19, up 9.36% in 24 hours. Prices are moving higher, yet there are more short accounts—this disconnect is why a short squeeze is coming into focus. The long/short ratio has slipped from 0.70 to 0.66, adding to the concentration of shorts. If traders start covering their positions, short-term volatility could spike. The account ratio only reflects the distribution of traders; it doesn’t guarantee what happens next.
Do you think these crowded shorts will get squeezed soon, or can they hold on a little longer?
The top five USDT pairs on Binance Spot with at least $10 million in trading volume over the past 24 hours are in. Leading the pack is Reserve Rights ($RSR ), up 63.0%; Wormhole ($W ) is close behind at +59.2%; and Starknet ($S ) is up 27.5%, with a current price of 0.06123 and a 24-hour gain of 27.51%. The top two both gained over 50% in a day, while third place landed in the 20% range—a pretty noticeable gap. These are just one-day spot gains, and the volume threshold leaves out smaller-cap coins. Are you watching the two biggest gainers, or does the one up a little over 20% look like the safer bet to keep an eye on? #币安现货 #24hGainers
Still up over 24 hours, Uniswap ($UNI ) is only about 34% of the way between its 7-day high and low. The current price is 7.744 USDT, up 2.45% over 24 hours and down 0.87% over the past hour; the intraday range is 7.489–7.901, with a 5.5% amplitude and $38.95 million in spot trading volume. The 7-day high is 9.184 and the low is 7. The perpetual funding rate is 0.0055%, settled every 8 hours; open interest is about 24,344,007 tokens, worth approximately $189 million. The account long/short ratio is 1.41, while the top trader position long/short ratio is 3.76, indicating that top traders are more crowded on the long side. Funding remains modest, and liquidations visible over the past 24 hours total about $60,000. Lookonchain reports that newly created wallet 0x1389 withdrew another 600,007 UNI from Binance about an hour ago, worth approximately $4.61 million. Watch 7.489 and 7.901, and whether the gap between the top trader and account long/short ratios continues to widen. #FundingRate
On Binance Spot, NEAR ($NEAR ) has broken above its 30-day high of 5.934 and is now trading at 5.969 USDT, up 13.53% in 24 hours. Breaking the previous high isn’t complicated in itself—the price has just reached a new level, only a little above 5.934. Resistance has been cleared on paper, but it’s still too early to tell whether the price can hold here; a pullback to retest this level would also be common. After a 13% gain in a day, short-term volatility may increase. With more eyes on it, there’s also a decent chance of some back-and-forth. Would you treat 5.934 as a new level to watch, or do you think this rally has already priced in much of the upside?
This incident did not cite any cryptocurrency prices. The first thing it shook was trust in hardware wallet distributors. OneKey founder Yishi posted on X that some Ledger hardware wallets recently purchased by users through CryptoBilis had been implanted with unauthorized hardware, resulting in stolen assets. OneKey has not received any reports of its own users being affected by theft, but as a precaution, it has revoked CryptoBilis’s status as an authorized distributor. Effective immediately, OneKey will stop onboarding new distributors, and all existing authorized distributors will undergo a new qualification review. Users who purchased OneKey hardware wallets through CryptoBilis between March 1, 2026, and the date of the statement can apply for a free replacement, regardless of model or usage status. The application deadline is December 31, 2026. For anyone who has used an affected device, Yishi recommends treating the original recovery phrase as potentially compromised and transferring assets as soon as possible to a wallet with a brand-new recovery phrase—there is no need to wait for the replacement device to arrive. For now, the more urgent concern is whether the recovery phrase has been exposed, not when the device will arrive. #安全事件 #HardwareWallet
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