With Congress dropping the ball, the SEC has stepped in to set the rules itself. The 60-day public comment period for the Crypto Asset Rules, released in August, closed yesterday, drawing about 140 submissions. Hyperliquid filed one just under the wire, calling for five changes: airdrops shouldn’t be treated as securities; projects should get a safe harbor while they’re being developed; and automated buybacks should be regulated separately from retail sell orders. Chair Atkins also said the custody rules were already put out on October 1, with more to come. Executive rulemaking versus legislation from Congress—this game in the U.S. is getting more and more interesting. Are you on board with the SEC’s approach? #SEC #加密监管 #Hyperliquid #美国政策 #Crypto
The most expensive takeout in history: two pizzas for 5.5 billion
On May 22, 2010, a programmer named Laszlo posted on a forum: "I'll pay 10,000 bitcoins to anyone who brings me two pizzas." Someone actually took him up on it, and two Papa John's pizzas were delivered to his house. They were worth just $41 at the time. At today's prices, that's over 5 billion yuan.
When asked if he regretted it, he said: "Back then, bitcoin was basically worthless. Getting a pizza with it was insanely cool." Later, he spent over 70,000 more bitcoins on pizzas, worth over 40 billion yuan today.
But to be fair, he was the first person to use bitcoin to "buy something." Without that meal, we wouldn't have a story to tell.
Meanwhile, I can't even save up 0.01 bitcoin, but I've sure got a stomach full of regrets.
Here's a question: If you could go back to 2010 with 10,000 bitcoins, would you dare to hold on to all of them? Or would you trade some for a pizza first, just for the fun of it?
Explosive! The Drift hacker suddenly sprang into action after lying dormant for two whole months: in just two hours, they funneled 25,700 ETH into Tornado Cash, worth $61.6 million. Another 82,000 ETH—nearly $200 million—remains untouched in the wallet. The stolen funds came from April’s $285 million heist, which has been directly attributed to a North Korean group. Sending the loot through a mixer pretty much means they’re getting ready to launder it and cash out—how much do you think can be recovered this time? What’s your take?
Just got hit by a $388 million hack, and now they’re off buying an exchange—Bitget’s nerves are seriously steady. CEO Gracy Chen announced plans to acquire Thailand-licensed exchange GMO-Z.com Cryptonomics (Z.com EX). In its September 24 announcement, GMO said it was targeting October 31 to complete the deal. The bleeding hasn’t even stopped, and they’re already expanding into new territory. Southeast Asian licenses are pretty appealing, aren’t they? Is this a sign of sky-high confidence, or are they rushing into a big move after the hack to win back trust? What do you think? #Bitget #泰国交易所 #交易所收购 #加密货币 #Web3
Haha, I couldn’t help laughing while watching CZ’s interview yesterday. Over here, BTC had just fallen below $82,000, ETFs had seen $900 million in outflows over two weeks, and the Fear and Greed Index was at 55—everyone in the market was trembling. Meanwhile, CZ went all in on his prediction: "I have a very strong feeling that Bitcoin will enter a supercycle in 2026."
The reasoning is solid: with the U.S. so pro-crypto and other countries following suit, the four-year cycle will probably be broken this time. "If you look at a five- or ten-year horizon, an upward trend is the easiest thing to predict."
His strongest rebuttal was to the "market manipulation" theory. After $20 billion in liquidations on October 10, lots of people said Binance had something to do with it. CZ fired back: Bitcoin has a market cap of nearly $2 trillion, so you’d need hundreds of billions to manipulate it in any meaningful way. "I don’t know who on this planet would be crazy enough to manipulate Bitcoin." Conspiracy theories will never be short of an audience.
The irony is that he once became a legend by selling his house and going all in, but now he tells young people not to follow his example—just invest a small portion of your income regularly.
Is the four-year cycle really about to be broken? See you in the comments.
【8,000 Bitcoins, buried beneath a landfill for 12 years】
In 2013, Welshman James Howells' girlfriend was doing a big clean-up and casually threw away a hard drive containing the private keys to 8,000 BTC. Bitcoin was only worth $130 a coin back then, so he didn't think much of it.
Twelve years later, that hard drive is worth nearly $1 billion. He even pitched the city council a plan to use AI-powered robotic dogs to dig through the trash, but they flat-out rejected it, citing "environmental pollution." He fought the case all the way to the Supreme Court, which ruled: the moment you throw it away, the hard drive is no longer yours.
This week, he accepted his fate and announced his next move: launching a new coin, Ceiniog Coin, to "symbolically" back those 8,000 coins he can never get back. If he can't dig them up, he might as well turn the heartbreak into a product.
Write down your seed phrase in triplicate and stash the copies in three different places, folks. What's the most valuable thing you've ever lost?
Trump pardoned CZ, and when reporters asked him about it, he said: "I don't know him. I've never met him." LOL—he pardoned him one moment and denied him the next. CZ was pretty quick with the joke too, tweeting: "It is my honor to have met the President. Trump and Satoshi Nakamoto—possibly the same person." To put it simply, everyone knows what's going on here. CZ pleaded guilty in 2023, served a real four months in prison, and Binance paid a $4.3 billion fine—the harshest blow of the Biden era. Now Trump has wiped it all away with a single pardon, saying "he was persecuted." Warren's side is furious, calling it a corrupt deal. Surprising? Not at all. The crypto world has understood this for years: compliance or not, it all depends on who sits in that seat. The signal is very clear—this U.S. government really wants to bring the crypto industry into its own camp. As for whether CZ can return to Binance? The agreement still has restrictions, so don't expect that anytime soon. But I have to respect CZ's Satoshi joke—now that's thinking big.
A public blockchain shutting down to limit losses—have you ever seen that? Qubic wallet seed phrases were found to be predictable: attackers drained 1,404 wallets in 104 minutes, making off with 2.94 trillion QU (about $1.4 million). The project team was forced to freeze the entire chain at tick 85371949. 87% of the funds are frozen on-chain, and the portion transferred to MEXC was frozen instantly too. The vulnerability has been fixed; compensation is awaiting a Computor vote. What do you think—does shutting down to save the day count as a betrayal of decentralization? #Qubic #黑客攻击 #Layer1 #CryptoSecurity
【Spent big to light up Lujiazui—then the law enforcers showed up first】
Solana really went all out on this China trip: opening an office in Shanghai and lighting up the skyline with a giant screen at Citigroup Tower in Lujiazui. The message was all about blockchain, not tokens.
But before they could explain the tech, the crowds were already clear—registrations quadrupled overnight, and a bunch of hype-chasing, MLM-style street teams were going around misleading people while claiming official backing. The event was scheduled for 9:30, but law enforcement showed up in person. The Shanghai event was urgently postponed, and the VIP dinners in Beijing and Hangzhou were canceled at lightning speed overnight.
The worst part was CZ. One moment, he was openly envious: “Wow, Solana can promote itself like this in China. We can’t.” The next, he’d switched straight to mockery: “Looks like they really don’t understand local policies.”
This is already their third fiasco in a year. At this rate, next time they should follow a piece of traditional Chinese wisdom: keep a low profile and make your money quietly.
So, have you seen a PR disaster even more outrageous than this? Tell me in the comments—I’m out of the loop and could use an education.
Breaking! Cysic’s cross-chain bridge has been hacked—the attacker exploited a processing vulnerability to mint 10 million CYS out of thin air on the BNB Chain. The team issued an emergency announcement on Sunday: the bridge has been paused, and the hacker’s address has been added to the token contract’s blacklist, with the remaining roughly 2.8 million tokens frozen at the address. The team stressed that the mainnet and other systems were unaffected and users’ wallet assets are safe. They’ve brought in a security firm and will publish a post-mortem report later. But how many of the 10 million tokens actually got away, and how much was lost? That’s still being worked out. Cross-chain bridges really have become hackers’ ATMs these past couple of years—one exploit after another… Do you still have assets on a cross-chain bridge? #Cysic #跨链桥 #黑客攻击 #BNB链 #CryptoSecurity
500 million yuan! A 37-year-old Chinese fugitive was arrested at a luxury mansion in Bangkok. He laundered money through 133+ accounts for a transnational criminal network, specializing in cryptocurrency and foreign exchange. This guy really went to great lengths to stay hidden: he forged proof of residence, switched license plates, and changed his car’s appearance with a wrap. Even with his visa expired for 3 years and 8 months, he was still living in a mansion. In the end, the international police database and a stakeout led to his arrest at his luxury home in Ramkhamhaeng. The crackdown on Southeast Asia’s telecom fraud and money-laundering networks is tightening. Where do you think a seasoned operator like this, who deals in currency exchange and on-chain crypto mixing, will get caught next? What do you think?
Trump draws his sword today—will Bitcoin get caught in the crossfire?
Today, October 18, the 30-day deadline for the Russia Sanctions Act, H.R. 5334, signed by Trump, expires.
How tough is it? The U.S. could impose tariffs of up to 500% on all Russian imports. Goods exported to the U.S. by the five biggest buyers of Russian oil—with China and India first in the firing line—could also face 100% tariffs. Oil prices are already reacting: WTI is up 6% for the week, topping $101 (source: AiTraderView, 10-18).
What does this have to do with crypto? Put simply, BTC has been a macro barometer for the past two years: oil prices rise → inflation expectations climb → Treasury yields and the dollar move accordingly, draining liquidity from risk assets. BTC is currently hovering around 81,800. A weekly close above 82,800 versus below 80,000 could mean two entirely different outcomes: a push toward 90,000 or a slide toward 70,000.
My take: Don’t say sanctions have nothing to do with you. When energy and tariffs are both used as weapons, inflation could flare up, and the market pricing in nearly a 70% chance of a December Fed rate hike is no joke. Don’t expect crypto markets to look kind in the short term. If you’re using leverage, think carefully. Cash is king—not because you’re scared, but because you’re clear-eyed.
Vitalik’s $500 million fortune, visible to everyone online
Arkham has once again laid bare Vitalik’s wallets: about $530 million in on-chain assets, including $527.81 million in ETH—over 220,000 coins spread across several addresses (starting with vitalik.eth). The wildest part is that this Forbes-style ranking updates in real time: if ETH drops for a minute, his net worth falls by a few million right along with it. Even more striking, he says he hasn’t sold any coins for personal reasons since 2018.
The wealthiest programmer in crypto has put his entire fortune on-chain for everyone to watch. I really admire that level of composure. As for me, I’d love to experience the pain of being watched by the whole internet too, but my balance won’t allow it. So, if your wallet address were being watched around the clock by the entire world, could you hold on to your coins?
Senator goes head-to-head with CZ—the lawsuit is on
CZ and Warren have really locked horns this time; lawyers’ letters have been flying. Warren posted on X: CZ pleaded guilty to money laundering and served time, then “funded Trump’s stablecoin and lobbied for a pardon”; “if Congress doesn’t stop this corruption, it’s complicit.” CZ’s lawyers sent a letter threatening to sue for defamation and demanding an immediate retraction. Warren’s lawyers fired back over the weekend, calling the allegations “baseless.” An X Community Note piled on: CZ pleaded guilty to violating the Bank Secrecy Act (for failing to maintain adequate anti-money-laundering procedures), not to “money laundering.” Warren’s lawyers doubled down: the government itself calls the BSA an anti-money-laundering law, and they cited a 1991 case saying that “minor inaccuracies don’t amount to falsification.” Put simply, it’s a he-said-she-said: lawyers are splitting hairs, while each side sees what it wants politically. Warren wants to cast herself as an “anti-corruption crusader”; CZ wants to clear his name and move on. Neither is really looking out for crypto. BNB is up about 18% in a month and has topped $1,140—what do you make of this war of words: bearish or bullish? Let us know in the comments.
Breaking: HEX founder Richard Heart has been arrested in Istanbul! Interpol issued a Red Notice for him two years ago over Finnish tax fraud and assault allegations. This time, Turkish police and intelligence officers moved in together, seizing $4 million in cash and 64 luxury watches at the scene. HEX plunged 30% in a day, wiping $160 million off its market cap, while PulseChain and PulseX crashed too. One founder’s shady past, and the whole ecosystem pays the price—would you still dare to touch this coin? What do you think?
Machi Big Brother Is Back: $15.45M Long Position, $330K in Unrealized Profit
The most entertaining guy in crypto is back. Machi Big Brother has increased his ETH long position to $15.45 million, with $335,000 in unrealized profit.
This guy has been liquidated more times than I’ve switched exchanges, but every time he comes back at full strength and gets right back to it. His critics say he’s a big-time gambler; his fans say he’s genuine. At least he’s willing to show the whole internet his positions—unlike me, who switches my portfolio page to private mode even when I’m down $500.
Holding a $15.45 million long position and still being able to sleep at night takes nerves of steel. I’m impressed. If I’m down 1%, my hands start shaking.
What’s the boldest trade you’ve ever seen? Show it off in the comments and give Machi Big Brother something to marvel at.
【Crypto Whale Sells ETH at a Loss, Down $13 Million on Paper】
Honestly, the biggest losers in this crypto downturn have never been retail traders. Even the big shots known as whales can get trapped in losing positions.
On-chain analyst Ai Yi tracked a whale who opened an ETH position at $4,600 near the bull-market peak in September 2025. They kept buying as the price fell, accumulating 15,810 ETH at an average cost of $4,101.85, for a total investment of $63.85 million. Over the past year, they deposited 15,361 ETH to exchanges in several batches, including another deposit this morning, at an average price of $3,226. If they sell it all, their unrealized loss will be $13,450,000. They still have 572 ETH untouched. (Reported by Odaily this morning.)
Put simply, this is the classic story of buying at the tail end of a bull market: you keep adding as the price falls until you become a major holder, only to end up unable to protect even your principal. They bought at $4,100 and are selling at $3,200 at a loss. What they’re losing isn’t just money, but peace of mind, too. Those who know, know: holding a losing position isn’t about how big your bankroll is, but whether you can admit you were wrong.
After ETH fell below $2,400, a whale holding a long position of 79,000 ETH was just $60 away from liquidation: a $187 million position, with nearly $19 million in unrealized losses. The painful part is, this isn't the first time—on October 9, he was liquidated on 28,000 ETH and lost $4.48 million, then turned around, added $10 million in USDC as margin, and went long again.
Doesn't this sound like you swearing every night, "I'll set a stop-loss tomorrow"? If you're asking, I've been burned too.
Whales and retail traders aren't really that different—we both hold on to losing positions; it's just that his losses have more zeros. Don't max out your leverage. Staying alive is what matters most.
Have you ever added margin to keep a position alive? Tell me in the comments so I can feel a little better about myself.
U.S. September CPI came in at 3.7%, with core CPI at 2.6%—both above expectations. The outlook for the Fed’s October meeting changed dramatically: the odds of a rate hike surged from 22% to 47% intraday, and are still around 30% on Polymarket (according to CoinDesk). Put simply, the market had been betting everything on a “rate-cut script.” Now the script has turned a page, and risk assets are taking a hit across the board.
BTC briefly came close to $80,000 last night, down more than 2% in 24 hours. ETH and SOL followed, falling more than 3%. Liquidations across the market totaled $450 million, including $400 million in long positions (Coinglass data). Even more astonishing is how quickly institutions changed their tune: U.S. spot BTC ETFs saw net inflows of $175 million just the day before, but after the CPI report came out, they flipped to $150 million in outflows. That’s a faster reversal than a candlestick chart.
You know how it goes: as long as inflation won’t die down, the hawks have a reason to push. Whether the Fed hikes in October is make-or-break for crypto. The bears can smell blood; now it all comes down to whether the Fed dares to actually pull the trigger.
The most expensive slip-up ever: $424 turned into $40 billion
South Korean exchange Bithumb was running a promotion and meant to pay each winner 620,000 won, or about $424. But an employee entering the payments slipped up and selected bitcoin as the currency. A total of 620,000 BTC was sent to 695 accounts, with each person receiving at least 2,000 BTC. The recipients all seemed to react the same way: sell, cash out, and withdraw as quickly as possible. The exchange’s token price briefly plunged 17%. The exchange didn’t catch on until 20 minutes later, when it froze the accounts. In the end, it recovered 99.7% of the funds. The bottom line is simple: when money falls from the sky, nobody waits for it to appreciate—they secure the windfall first. I’d sell first too. What about you? Have you ever had a windfall like this?