Binance News

Key TakeawaysBitMine Chairman Tom Lee predicts Ethereum could reach $25,000 to $50,000 during the current bull cycle.Lee believes ETH's five-year consolidation could precede a significant price breakout.He expects Ethereum to exceed $5,000 by the end of 2026.Lee sees ETH potentially reaching $7,500 if Bitcoin surpasses $100,000.Prediction-market traders reportedly assign just a 4% probability to ETH reaching $5,000 before year-end.Tom Lee Sees Ethereum Rallying Toward $50,000BitMine Chairman Tom Lee has outlined a bullish outlook for Ethereum, predicting that ETH could reach between $25,000 and $50,000 during the current market cycle.According to an October 10 report from BlockBeats, Lee based his forecast on Ethereum's extended consolidation, arguing that approximately five years of range-bound price action could create conditions for a larger breakout.His outlook reflects the technical-market principle that prolonged consolidation can precede significant price movements, although such patterns do not guarantee a breakout.Ethereum Price Targets: $5,000 and $7,500For the shorter term, Lee expects Ethereum to exceed $5,000 before the end of 2026.He also outlined a scenario in which ETH could reach approximately $7,500 if Bitcoin rises above $100,000.However, prediction-market traders reportedly assign only a 4% probability to Ethereum reaching $5,000 before year-end, highlighting a substantial difference between Lee's forecast and current market expectations.Lee's longer-term $25,000–$50,000 projection remains speculative and would require significant price appreciation from current levels.The forecasts represent Lee's market outlook rather than confirmed future price movements.

U.S. spot ether ETFs lost $542.1 million last week, extending their outflow streak to nine consecutive trading days, according to SoSoValue data. According to NS3.AI, spot Solana ETFs lost $24.8 million, ending a record 14-week inflow streak.
Spot bitcoin ETFs lost $681.1 million, ending three consecutive weeks of inflows. The three categories lost about $1.25 billion combined last week, while BlackRock's ETHA accounted for about 88% of weekly ether ETF outflows.

SkyAI holds more than 2 million SOL, according to Lookonchain monitoring. According to Odaily, SkyAI transferred 568,000 SOL to exchanges over the past 3 days, with an average purchase price of about $194. If sold, the position would result in an estimated loss of about $46 million.

Binance founder and former CEO Changpeng Zhao (CZ) shared a condensed crypto-security guide on X, saying he made the shortened version after realizing his original Binance blog post on keeping crypto "#SAFU" in 2026 was too long and wordy. His core advice: match security measures to the value of your holdings and your technical ability, addressing three priorities — prevent theft, prevent accidental loss, and provide for inheritance. On self-custody, he noted private keys authorize access to funds and seed phrases generate those keys, so anyone who obtains either can control the associated crypto; self-custody requires secure devices, reliable backups, and a workable recovery plan.To prevent key theft, he recommended a dedicated offline computer for storing keys and signing transactions, software installed only from official sources via clean removable media, malware checks on downloads, disk encryption, a dedicated phone reset before wallet installation and kept offline with a strong passcode, and established hardware wallets — while verifying destination addresses on the device before approving transfers, protecting backups as carefully as the device itself, and cautioning that hardware wallets remain vulnerable to software flaws, physical attacks and insecure backups. To prevent key loss, he advised multiple protected backups in separate locations: paper is simple to create but vulnerable to damage, loss, transcription errors and unauthorized reading; metal is more durable but still readable by others; encrypted USB drives allow geographically separated backups but require strong encryption and technical care — and he warned against photographs or screenshots of keys that may sync to cloud accounts. For inheritance, he suggested providing a recovery process without unnecessarily exposing funds during one's lifetime, noting sharing keys gives recipients immediate spending access and storing keys with an intermediary carries similar risks; a dead man's switch can release instructions after prolonged inactivity but should be researched and tested first, and recovery instructions should be encrypted for the intended recipient — for example with their PGP public key — rather than left unencrypted in scheduled messages.On centralized exchanges, CZ said exchanges manage custody and infrastructure but users remain responsible for account security, urging users to evaluate reputation, security resources, testing practices and the sustainability of the business model, treat unusually generous incentives or unclear revenue sources cautiously, and recognize that exchange custody carries counterparty risk. Among his 11 account-security measures: a separate email address for each exchange with strong two-factor authentication, preferably a hardware security key; avoiding phone-based recovery that could expose accounts to SIM-swap attacks; unique passwords stored in a protected password manager; whitelisting withdrawal addresses; keeping API keys private; completing identity verification to support ownership checks and inheritance procedures; securing devices physically; and avoiding phishing by opening exchanges through trusted bookmarks or carefully typed addresses, never entering credentials after unsolicited links and treating unexpected contact from purported exchange staff cautiously. He closed by advising users to choose a custody mix — allocating funds between exchanges and personal wallets according to technical ability, security practices and access needs — since self-custody requires independent key protection and recovery, exchange custody requires trust in the provider and strong account protection, and a separate wallet can provide access during exchange maintenance.

Bitcoin fell nearly 3% on the week despite a partial Friday recovery to $82,500 after touching $80,350 Thursday. Over $1B in liquidations over 24 hours, $729M in two-day ETF outflows, and Ledger investigating reports of $86M in missing funds from third-party reseller devices all weighed on sentiment. Trump announced a Russian diesel supply deal, sending heating oil futures down 1.6% and providing partial oil relief. Bitfinex Alpha projects Bitcoin consolidating $81,300-$86,500 into Tuesday’s CPI. Bitcoin’s overall volatility has fallen to 46% but it logged 10 three-sigma trading days in 2026 — more than all of 2018. Wall Street’s five biggest banks are expected to report ~$19B in Q3 stock trading revenue next week.Bitcoin Volatility Falls to 46%, but Extreme Price Swings Exceed 2018 LevelsBitcoin’s annualized volatility fell to ~46% from 84% in 2018, but 2026 has already produced 10 three-sigma trading days against 2018’s eight across the full year — more extreme moves relative to prevailing volatility, not fewer. Since 2024, Bitcoin has registered 26 three-sigma days vs Nvidia’s 8, S&P 500’s 16, and gold’s 12 — despite similar overall volatility to Nvidia at ~47%. The average magnitude of extreme moves declined from ~10% to 7%, but their frequency increased. Deribit CEO Luuk Strijers: risk models are increasingly incorporating Expected Shortfall (losses during worst outcomes) over VaR (loss threshold) because conventional models understate tail risk. Paradigm facilitated a record $6.7B in options trading on September 21 during Bitcoin’s latest three-sigma move — institutional liquidity absorbed the shock without eliminating it. The practical implication: lower volatility is real but doesn’t mean lower exposure to sudden large moves.Wall Street's Five Biggest Banks Expected to Near $19 Billion in Q3 Stock Trading RevenueGoldman Sachs ($5.1B), Morgan Stanley ($4.9B), JPMorgan ($4.5B), and BofA ($2.6B) are among the banks expected to report combined Q3 stock trading revenue near $19B when earnings begin next week. Goldman reports Tuesday. The results arrive as capital markets activity cools and performance gaps between banks become more visible — context relevant for crypto given Morgan Stanley’s note this week that traditional financial institutions could capture significant blockchain value as tokenized securities, stablecoins, and tokenized funds integrate with mainstream finance. Q3 bank earnings will also provide the first read on how the September Fed hike to 3.75%-4.00% affected net interest margins — a data point that feeds into whether December’s projected hike (68.7% market probability) is sustained or revised.Bitcoin Slips to $82,00, Heads for Weekly Loss as Oil and Fed Concerns WeighBitcoin fell ~3% on the week to $82,450, down from Sunday’s near-$87,000 approach, with Ethereum -7% weekly. Trump announced a Russian diesel supply deal — initially 300,000 tons followed by 500,000 tons in November — sending November heating oil futures down 1.6% to $4.66/gallon. The 10-year yield eased slightly to ~5.25% but remained 2bps higher on the day. Ledger said it was investigating reports of missing customer funds from devices purchased through CryptoBillis, a Southeast Asian third-party reseller — the $86M loss figure remains unverified and Ledger’s core technology has not been established as compromised. Tuesday’s CPI and PPI are the next macro catalysts; markets currently favor an October hold with December still the base case for any further hike. Ethereum Holds 65% of DeFi TVL as 36% of ETH Supply Remains Staked, Analyst SaysBlockworks analyst Jake Koch-Gallup: ETH’s valuation reflects its role as a reserve asset and collateral across the crypto ecosystem, not just direct network revenue. Data points: 36% of ETH supply staked, spot ETFs and corporate treasuries collectively hold 13%, Ethereum accounts for 65% of DeFi TVL and 45% of on-chain RWA assets under management. The challenge: ETH market cap is ~1,100x its trailing 12-month Real Economic Value (REV) — the ratio that determines whether the reserve asset premium is sustainable or not. Layer 2 growth (Base, Robinhood Chain) strengthens the ecosystem rather than necessarily extracting value from it; stablecoin market share at ~51% faces competition but the overall stablecoin market expansion ($4B recovery since September to $270B) can support absolute ETH activity even as its percentage share declines. Koch-Gallup: without stronger revenue generation and value-return mechanisms for ETH holders, the reserve asset premium remains open to debate — an honest framing of the bull case’s weakest point.Bitcoin Holds Near $82,500 Despite Ledger Wallet Theft Reports as Traders Await U.S. CPIBitcoin recovered from $80,350 to briefly above $83,000 before settling near $82,500. Over $1B in 24-hour crypto liquidations. Exchange order-book liquidity concentrated near $84,000 — repeated tests of that level are the near-term script. Bitfinex Alpha projects consolidation between $81,300 and $86,500 into October 14 CPI. Ledger acknowledged the Southeast Asian reseller reports and advised affected customers to transfer assets to a new device with a freshly generated recovery phrase — standard supply chain security advice rather than evidence of core firmware compromise. The broader market showed no significant additional selling on the Ledger news, consistent with the pattern from September’s Coldcard exploit: exchange-specific and hardware security incidents are priced incrementally rather than producing fresh panic waves.

Aster (ASTER) is scheduled to unlock about 44.67 million tokens at 12:00 AM on October 17, according to Web3 asset data platform RootData's token unlock data. According to ChainCatcher, the unlocked tokens are valued at about $32.05 million.

Key TakeawaysBitcoin traded near $82,450 on Friday, up 1% over 24 hours but down nearly 3% for the week.Ethereum declined 7% for the week, despite a 1.3% daily recovery.President Donald Trump announced an agreement for Russian diesel supplies, sending November heating oil futures down 1.6%.Crypto markets faced pressure from rising energy prices, interest-rate concerns and reports of potential hardware wallet security incidents.Investors are awaiting next week's U.S. CPI and PPI inflation reports for further signals on Federal Reserve policy.Bitcoin Rally Fades as Weekly Losses MountBitcoin retreated from Friday's intraday highs, trading near $82,450 toward the end of the U.S. stock market session.Although BTC remained approximately 1% higher over the preceding 24 hours, it had fallen around 1% from its earlier Friday peak and nearly 3% over the week.Bitcoin approached $87,000 on Sunday before experiencing several days of downward pressure. Ethereum followed a similar pattern, recording a weekly decline of approximately 7%.Oil Prices Retreat After Trump Announces Russian Diesel AgreementPresident Donald Trump said he had reached an agreement with Russian President Vladimir Putin for additional diesel supplies to the U.S. and global markets.According to Trump's announcement, Russia would initially supply more than 300,000 tons of diesel, followed by another 500,000 tons in November and additional shipments thereafter.Following the announcement, November heating oil futures declined 1.6% to $4.66 per gallon.The U.S. 10-year Treasury yield also eased slightly, trading around 5.25%, although it remained two basis points higher on the day.Fed Inflation Data and Crypto Security Risks Remain in FocusThe cryptocurrency market faced several sources of uncertainty during the week, including higher oil prices, elevated Treasury yields and concerns surrounding potential vulnerabilities in crypto wallets.Hardware wallet manufacturer Ledger said it was investigating reports of missing customer funds involving devices purchased through a third-party reseller in Southeast Asia. The reported $86 million loss remains unverified, and the cause has not been established.Meanwhile, investors are preparing for next week's September Consumer Price Index (CPI) and Producer Price Index (PPI) releases.Markets currently favor the Federal Reserve holding interest rates unchanged at its October 27–28 meeting, while expectations for another increase in December remain.The upcoming inflation data could influence those expectations and the direction of Treasury yields, the U.S. dollar and Bitcoin.Adding final touches89%

Algorand Foundation Chief Technology Officer Bruno Martins said he will step down after nearly four years in the role. According to Foresight News, Martins was promoted to CTO in March 2026 and was responsible for protocol engineering and advancing Algorand's technical roadmap.

Two wallet addresses opened long positions in SYN on Aster DEX, holding a combined 7.2 million SYN tokens. According to BlockBeats On-chain Detection, the positions were worth about $1.34 million.
The two addresses are currently sitting on an unrealized profit of about $450,000, with a peak return of 116%.

A man in Malaysia's Perak state is suspected of losing about 12.47 million ringgit, or $3.05 million, after his crypto wallet was allegedly hacked. According to ChainCatcher, Perak police said the victim discovered on October 9 afternoon that his crypto assets had been transferred without authorization.
Initial findings indicate the transactions were carried out on a blockchain network. Police are working with the Commercial Crime Investigation Department's cryptocurrency unit to trace the funds and identify those involved. The case is being investigated under Section 420 of Malaysia's Penal Code for cheating, and the exact attack method has not been disclosed.

The New York Attorney General has reached a settlement with former Celsius CEO Alex Mashinsky that requires him to pay up to $35 million to New York and bars him for life from the securities and cryptocurrency industries. According to NS3.AI, the payments are tied to federal forfeiture and compliance with his sentence.
The Attorney General said Mashinsky misled hundreds of thousands of investors about Celsius's safety, including more than 26,000 in New York. Mashinsky is serving a 12-year federal prison sentence in a parallel criminal case.

South Korea’s Financial Services Commission said the proposed shareholding limits for major shareholders of virtual asset exchanges in the Digital Asset Basic Act are not aimed at any specific person or company. According to Odaily, FSC Chairman Lee Eok-won said the rule reflects the higher public responsibility exchanges must bear once they are institutionalized.
Lee said South Korea’s virtual asset exchanges currently operate under a reporting system renewed every three years, but would shift to a licensing regime after the Digital Asset Basic Act takes effect. He added that exchanges have infrastructure-like characteristics and must meet the level of public responsibility and accountability that comes with that role.

According to Binance Market Data, Bitcoin has crossed the 83,000 USDT benchmark and is now trading at 83,088.476563 USDT, with 0.81% increase in 24 hours.

Hyperliquid’s cumulative protocol revenue exceeded $1.4 billion as of October 7, with native perpetual contracts accounting for $1.2 billion, or 88.7%, according to Odaily. Spot revenue totaled $50.1 million, HIP-3 perpetual contract revenue reached $29.2 million, and the rest came from auctions, USDC reserve income and HyperEVM gas fees. More than $1.26 billion has been used to buy back HYPE.

Key TakeawaysEthereum accounts for approximately 65% of decentralized finance (DeFi) total value locked, according to Blockworks analyst Jake Koch-Gallup.Around 36% of ETH's total supply is staked, while spot ETFs and corporate treasuries collectively hold approximately 13%.Ethereum represents roughly 45% of on-chain real-world asset (RWA) assets under management.ETH's market capitalization is approximately 1,100 times its trailing 12-month Real Economic Value (REV), raising questions about valuation sustainability.The analyst argues that Ethereum's reserve asset role, Layer 2 ecosystem and institutional adoption remain competitive advantages despite pressure on its stablecoin market share.Ethereum's Reserve Asset Role Remains SignificantEthereum continues to maintain a substantial position in decentralized finance and institutional cryptocurrency markets despite growing debate over its ability to capture economic value, according to Blockworks analyst Jake Koch-Gallup.In an analysis published October 10, Koch-Gallup challenged claims that Ethereum's liquidity advantage has been undermined by competing blockchain networks.He argued that ETH's valuation reflects more than direct network revenue, incorporating its role as a reserve asset and collateral across the broader crypto ecosystem.ETH Staking and Institutional Holdings Support Reserve Asset ThesisAccording to the analyst, approximately 36% of Ethereum's circulating supply is staked, while spot Ethereum ETFs and corporate treasuries collectively hold around 13%.Ethereum also accounts for roughly 65% of DeFi TVL and 45% of on-chain RWA assets under management.These figures highlight Ethereum's continued presence across decentralized finance, institutional investment products and tokenized asset markets.However, staking and institutional holdings alone do not establish future demand or guarantee price appreciation.Layer 2 Growth and Stablecoin CompetitionKoch-Gallup argued that the expansion of Ethereum Layer 2 networks, including Base and Robinhood Chain, can strengthen the broader Ethereum ecosystem rather than necessarily represent activity migrating away from it.Meanwhile, Ethereum's stablecoin market share faces increasing competition, with its share cited at approximately 51%.The analyst suggested that growth in the overall stablecoin market could support Ethereum's absolute activity levels even if its percentage share declines.Ethereum Valuation Raises Long-Term QuestionsDespite these advantages, Koch-Gallup acknowledged concerns surrounding Ethereum's direct economic value capture.ETH's market capitalization currently stands at approximately 1,100 times its REV over the past 12 months, according to the analysis.The elevated ratio underscores the extent to which Ethereum's valuation depends on factors beyond direct network revenue.Koch-Gallup cautioned that without stronger revenue generation and mechanisms that return economic value to ETH holders, the sustainability of its reserve asset premium remains open to debate.

Nvidia is reportedly in talks to acquire Reflection AI or increase its investment in the U.S. open-weight model developer, according to the Financial Times. According to ChainCatcher, the discussions are still at an early stage and could take multiple forms.

The State Council’s opinion on developing new quality productive forces calls for promoting the integration of the real economy and the digital economy, optimizing the layout, construction and operation of national data infrastructure, and advancing manufacturing digital transformation. According to Odaily, it also proposes implementing projects including the East Data, West Computing initiative, smart manufacturing, industrial internet innovation, a nationwide integrated computing network, and a national blockchain network. The opinion further calls for improving policies that support digital industrialization and industrial digitalization, and for building internationally competitive digital industry clusters.

According to CNBC, Warren Buffett spends nearly every evening watching YouTube clips from a recliner in his Omaha home, and friends say he is rarely looking at investing or finance content. The Wall Street Journal said Buffett, who is 96, watches everything from Glenn Close clips and 1950s commercials to Paul Anka videos, railroads, Nebraska, early Frank Sinatra performances and random rabbit holes, and that Sharon Osberg is a frequent viewing companion. The article also said Buffett's YouTube habit is not tied to Berkshire Hathaway's investment in Alphabet, and noted that Berkshire added another $192.6 million to its Lennar stake in SEC filings Monday, buying 2.4 million Lennar Class A shares at an average price of $79.65 and 15,000 Class B shares at $78.33 on Oct. 1 and Oct. 2.

Key TakeawaysBitcoin recovered from $80,350 to above $83,000 on Friday before consolidating near $82,500.Crypto liquidations exceeded $1 billion over 24 hours amid heightened market volatility.Ledger acknowledged reports of stolen funds involving devices purchased through a third-party reseller in Southeast Asia.$84,000 remains a key resistance area, with substantial sell-side liquidity identified near that level.Bitfinex Alpha expects Bitcoin to trade between $81,300 and $86,500 ahead of the October 14 U.S. CPI release.Bitcoin Rebounds as Crypto Markets StabilizeBitcoin traded near $82,500 on Friday, recovering from Thursday's decline despite renewed concerns surrounding cryptocurrency hardware wallet security.BTC briefly reclaimed $83,000 during the U.S. trading session after falling to approximately $80,350 the previous day.According to CoinGlass data cited in the report, rolling 24-hour crypto liquidations exceeded $1 billion, while exchange order-book liquidity remained concentrated around $84,000.Ledger Investigates Reported Hardware Wallet TheftCryptocurrency hardware wallet manufacturer Ledger acknowledged reports of missing funds involving devices purchased through CryptoBillis, a third-party reseller in Southeast Asia.Ledger advised affected customers who had already configured their devices to consider transferring assets to a new device with a newly generated recovery phrase.The cause and extent of the reported thefts remain unconfirmed. There is no established evidence that Ledger's core wallet technology was compromised.The broader cryptocurrency market showed no significant additional selling pressure immediately following the reports.U.S. CPI Could Determine Bitcoin's Next MoveTraders are now monitoring Bitcoin's ability to maintain support near $82,500, a level that has played an important role in recent price action.In its latest market outlook, Bitfinex Alpha projected continued consolidation between $81,300 and $86,500 ahead of the October 14 U.S. Consumer Price Index (CPI) report.The research team also identified $84,000 as a level likely to face repeated tests.The upcoming inflation release could influence Federal Reserve interest-rate expectations and provide the next significant catalyst for Bitcoin and broader cryptocurrency markets.

According to CNBC, Bank of America said there are buying opportunities in the stock market ahead of third-quarter earnings and highlighted DraftKings, AstraZeneca, BWX Technologies, Grocery Outlet Holdings and Grab among its buy-rated picks. The bank said DraftKings has multiple catalysts ahead, while analyst Julie Hoover said prediction markets, lower cannibalization risk, bottoming Street estimates and a favorable risk-reward setup make the recent pullback attractive. BWX Technologies analyst Ronald Epstein said he came away more constructive after the company’s investor day, cut his price target to $200 from $250 and kept the stock a buy ahead of earnings in early November. Bank of America said BWX could benefit from opportunities across nuclear energy, energy security and long-term markets tied to AI and defense fuels. The bank also said AstraZeneca has a robust pipeline with multiple product launches and phase III catalysts, and it said Grocery Outlet is on an EPS rebound after a buy upgrade from neutral. Grocery Outlet is set to report earnings on October 21, while DraftKings is scheduled to report later this month.

According to Binance Market Data, Ethereum has crossed the 2,500 USDT benchmark and is now trading at 2,500.01001 USDT, with 0.22% increase in 24 hours.

Papertrade.xyz, a synthetic perpetuals DEX built on Hyperliquid HyperEVM, has attracted $118 million in deposits and reached a total value locked of $118 million. According to Odaily, the platform supports leverage of up to 1,000x.
As of 11:45 a.m. ET on October 10, Papertrade.xyz data showed about $11 billion in open positions across 2,349 holdings, backed by only $54 million in funding. The platform does not charge slippage, funding rates, spreads, or traditional notional trading fees, and trades are executed through synthetic swaps between users and a shared protocol liquidity pool.
Loss-making traders can receive PAPER tokens, while profitable traders may face delays in claiming profits if funds are insufficient. Papertrade.xyz was founded by Jez and Blurr, who operate under partial anonymity. The project also sold 100 pairs of custom paper pants at $2,000 each, with the items selling out in about 40 minutes and generating $200,000 in sales.

Foresight News reported that LONGX, the protocol extension layer of the RWA liquidity and token launch platform LONG on Robinhood Chain, has launched Actively Managed Baskets.
According to Foresight News, the product lets the community hold economic rights and manage combinations of leveraged long and short positions, packaged as spot ERC20 tokens that can be traded with one click.
The first basket, AI Nexus, goes long AI leaders including NVDA, AI, and OPENAI, while hedging the technology sector with a short position in QQQ. The accompanying image showed long leverage of about 1 to 3 times and short leverage of 2 times, with support from Lighter.
The AI Nexus pairing mode is already live on LONG, and LONGX plans to launch a community-managed mode next week that will let AI holders decide the basket composition.

According to CNBC, the S&P 500 rose 1.2% for the week after reaching an all-time intraday high Tuesday and closing above 7,800 for the first time, while the Nasdaq gained 0.6% and also finished at a record Tuesday. The report said volatility in artificial intelligence stocks drove much of last week's trading, with shares falling Thursday after a Financial Times report said OpenAI's annualized revenue at the end of September was about $20 billion below previously indicated levels, then rebounding Friday after Bloomberg sources said OpenAI expects annualized revenue of at least $70 billion by year-end.
The article also said SpaceX is looking to raise $40 billion to buy more Nvidia chips and expand its AI compute business, and that the company announced a deal Thursday evening to acquire a nationwide spectrum portfolio. Goldman Sachs raised its SpaceX price target to $230 from $220, and Barclays initiated coverage of the company late Thursday. Separately, Starbucks drew support from customer data showing it was the only chain in a group including Dunkin', Dutch Bros and 7 Brew to see improving intentions to spend more, while the Financial Times reported Starbucks has explored acquiring Chipotle.

China’s top leadership has called for a national blockchain network as one of 19 measures in a new economic blueprint, while warning officials against bubbles and a shift away from the real economy. According to BeInCrypto, the October 9 policy from the Communist Party’s Central Committee and the State Council also backs a nationwide computing grid, East Data, West Computing, and new rules on data ownership and trading, but says nothing about Bitcoin or other cryptocurrencies. China already runs the state-backed Blockchain-based Service Network, which does not allow independent cryptocurrencies such as Bitcoin.

Two newly created wallets withdrew 280.75 million Lobster tokens from exchanges over the past three days, according to Lookonchain monitoring. According to Odaily, the tokens were valued at $12.21 million and accounted for 28.08% of the total supply.

The Triple-A attacker transferred 4,970 ETH to Tornado Cash in 56 transactions on October 9. According to NS3.AI, the funds were worth approximately $12.4 million.
The attacker stole assets from payment service provider Triple-A's proprietary vault in July of this year, with publicly estimated losses of approximately $11.8 million. Triple-A previously said the incident did not affect customer funds.

SVRN, a NEAR treasury company, said it has acquired FastNEAR, a NEAR infrastructure platform. According to Odaily, FastNEAR will become a wholly owned subsidiary of SVRN, and co-founders Evgeny (Eugene) Kuzyakov and Mike Purvis will join the SVRN team.
FastNEAR provides high-performance RPC infrastructure for NEAR applications and supports much of NEAR's data layer, including server clusters that handle network read and write operations, archival infrastructure that stores full transaction histories, and NEARDATA, a data source for developers working with historical records.

The Federal Reserve can stop raising rates before inflation reaches 2% if officials believe price growth will reach the target without another increase. According to NS3.AI, minutes released Oct. 7 said September's unanimous decision lifted the main interest rate to 3.75%-4%.
Most participants expected another increase by year-end, though they disagreed on whether higher rates were precautionary or necessary. Slower price increases alongside stable employment could support a pause, while rising unemployment and broader layoffs would make another increase harder to justify.
The minutes also said holding rates steady would not signal cuts or make financing cheap again.

Anthropic, OpenAI, and other AI companies are privately gaming out worst-case scenarios in which artificial intelligence causes serious real-world harm, according to Axios. According to PANews, the exercises focus on extreme cases such as large-scale cyberattacks and disruptions to financial services, internet connectivity, power, and water systems.
Industry participants said a major incident caused by unsafe AI could trigger a stronger public backlash against the technology and increase pressure on AI companies and their executives. Some AI industry figures believe a major event could happen within the next 6 to 12 months, prompting executives to begin speaking with U.S. lawmakers in advance.
The report said AI firms are using red-team testing to simulate worst-case outcomes and are accelerating efforts to brief members of Congress on AI. Executives believe current conditions are not favorable for major regulatory legislation, but a serious incident could shift the policy debate and shape future U.S. laws and rules.
The article said some Democrats have proposed banning superintelligence or pausing advanced AI development, while other proposals, including emergency shutoff switches for advanced AI systems, have drawn bipartisan support and backing from some industry figures. Experts also questioned whether shutting down all AI systems would be practical.
The report added that widespread open-weight models available for free download make risk management more complex, and many cybersecurity professionals see using AI against malicious AI as one possible response. Even if a major AI incident triggers a backlash, U.S. policymakers could still face constraints tied to the economy, political divisions, and the scale of AI infrastructure investment.

Key TakeawaysCryptoQuant analyst Darkfost says Bitcoin's current price action resembles its trading pattern from late 2025 to early 2026.$80,500 could serve as a key near-term BTC support level, according to the analyst.Bitcoin continues to fluctuate around its capital-weighted cost basis, an on-chain metric reflecting investors' acquisition costs weighted by invested capital.The current price zone may represent a turning point where investors' aggregate positions are near breakeven.Bitcoin Trades Near Key On-Chain Cost BasisBitcoin's recent price movements resemble the consolidation pattern observed between late 2025 and early 2026, according to crypto analyst Darkfost.In a post on X, Darkfost noted that BTC continues to fluctuate around its capital-weighted cost basis, suggesting that the market is trading near a significant investor positioning level.Unlike traditional realized price metrics, the capital-weighted cost basis places greater weight on acquisition costs associated with larger amounts of invested capital.The metric can help assess whether investors are collectively holding unrealized gains or losses relative to their estimated cost basis.$80,500 Emerges as Potential Bitcoin SupportDarkfost identified $80,500 as a potential near-term support level for Bitcoin.The analyst suggested that the current price zone represents an important threshold between aggregate investor profitability and losses, potentially increasing trading activity as market participants reassess their positions.However, the level remains a technical reference rather than confirmed support.Darkfost emphasized that Bitcoin's subsequent price action will be important in determining whether the current consolidation pattern continues or gives way to a more decisive move.

Tech companies have been increasing bond sales this year even as financing costs rise, and talk this week of potential large financings from SpaceX and Broadcom Inc. added to investor concern about a coming wave of debt, according to Bloomberg.
The article says companies usually slow bond issuance when borrowing gets more expensive, but tech firms have done the opposite this year.

According to Lookonchain, an old wallet at a certain address had operated safely for 8 years before being compromised. According to ChainCatcher, the address had been dormant for more than 4 years, moved funds to a new wallet one month ago, and then CryptoBillis Ledger Drainer stole all 59 ETH from that wallet.

Tangem co-founder Andrey Lazutkin said a recent Ledger security incident again illustrates the security engineering principle that complexity expands the attack surface. According to ChainCatcher, he wrote on X that every additional component, software layer, and user interaction, including screens, buttons, batteries, and firmware, can introduce new failure points and vulnerabilities that must be identified and mitigated.
Lazutkin used the incident to defend Tangem's minimalist card-based design, which is built only around a secure chip and an antenna. He said the event strengthened his view that the design approach is correct.

According to CNBC, Ukraine’s grain farmers are cutting back planting plans as Black Sea export routes remain blocked, domestic prices collapse and storage fills with millions of tons of produce trapped in Ukraine and Russia. Farmer Oleksandr Chumak said around 80% of his grain cannot be sold at a profit and that he is out of cash, while Andrii Dykun, chairman of the Ukrainian Agri Council, said farmers still need to pay taxes and land rent but cannot sell enough crops to cover costs.
PrivatBank, Ukraine’s biggest lender, said it disbursed 1.53 billion hryvnia ($34.2 million) in working capital finance to agribusinesses between June and August, more than double the 718 million hryvnia lent in the same period last year. The bank said small and medium-sized producers account for 70% of its agricultural loan book. Yevhen Zaihraiev, the lender’s chief corporate and SME business officer, said funds remain tied up in grain inventories while farms still need money for operating expenses and sowing campaigns.
Ukraine’s production of grains and oilseeds is forecast to rise to 85 million tonnes from 80 million tonnes this year, but carry-over stocks are pressuring storage and logistics, Zaihraiev said. He added that producers are revising planting plans in favor of oilseeds and niche crops, while Chumak said he will scale back planting next year, avoid corn and barley, and switch to crops that require less fertilizer. Benoit Fayaud, senior manager for grains and oilseeds analysis at Expana, said reopening Black Sea ports would unleash cheap supply and could push grain prices in other origins down by a few dozen dollars.

ZEROBASE CEO Mirror Tang said the project’s main strategy is now to save money and focus spending on the most important areas. According to Foresight News, Tang said market changes and shrinking altcoin liquidity have made DAT and perpetual futures unprofitable under current liquidity conditions.
ZEROBASE has ended work on those two areas and laid off staff. It has also reduced research and development spending, reassigned some developers to security operations, business security, and strategy development, and instructed its operations team to focus on customer service, major event support, and ongoing conference attendance.

Key TakeawaysBitcoin recorded 10 extreme price-movement days in 2026, compared with eight during the entire 2018 bear market, according to CoinDesk analysis.Annualized Bitcoin volatility declined to approximately 46% from 84% in 2018, even as unusually large moves became more frequent relative to prevailing volatility.Since 2024, Bitcoin has registered 26 three-sigma trading days, compared with eight for Nvidia, 16 for the S&P 500 and 12 for gold.Analysts warn that traditional volatility-based risk models may underestimate exposure to sudden market shocks.Institutional participation and deeper derivatives liquidity may have improved market resilience without eliminating extreme price movements.Bitcoin Records More Extreme Trading Days Despite Lower VolatilityBitcoin has experienced more statistically unusual daily price swings in 2026 than during the 2018 bear market, despite a substantial decline in its overall volatility.According to CoinDesk analysis, Bitcoin recorded 10 trading days with price movements of at least three standard deviations from its recent trading pattern this year, compared with eight throughout 2018.The analysis measures these events against Bitcoin's trailing 30-day realized volatility.  Bitcoin's annualized volatility has fallen to approximately 46% in 2026, compared with 84% in 2018. Meanwhile, the average magnitude of three-sigma moves declined from roughly 10% to 7%.The findings indicate that Bitcoin's typical price fluctuations have moderated, but unusually large moves relative to recent volatility remain frequent.Bitcoin's Extreme Moves Outpace Nvidia and GoldSince 2024, Bitcoin's volatility has been comparable to Nvidia's at approximately 47%, but its frequency of extreme trading days has been considerably higher.AssetThree-sigma days since 2024Bitcoin26S&P 50016Gold12Nvidia8 The comparison highlights differences in the frequency of unusually large price movements, even among assets with similar overall volatility.Why Lower Bitcoin Volatility May Understate RiskMarket participants caution that conventional risk models, including Value-at-Risk (VaR), may not fully capture the potential severity of extreme losses.Deribit CEO Luuk Strijers said risk management approaches increasingly incorporate Expected Shortfall, which estimates the magnitude of losses during the worst market outcomes rather than focusing solely on a loss threshold.Analysts also identified macroeconomic shocks and crowded derivatives positions as contributors to sudden Bitcoin price movements.Strategies involving volatility selling and call overwriting can amplify market moves when traders rapidly adjust positions following unexpected developments.Institutional Liquidity Helps Absorb Market ShocksDespite the persistence of extreme price movements, market participants reported signs of improved resilience.Paradigm facilitated a record $6.7 billion in options trading on September 21, during Bitcoin's latest reported three-sigma move.Nicolas Quatravaux, Paradigm's head of EMEA, attributed improved market resilience to more sophisticated participants, stronger risk management and greater institutional involvement.The analysis suggests that while Bitcoin's market structure has matured, lower average volatility does not necessarily mean lower exposure to sudden, outsized price movements.

Microsoft Corp. Chief Executive Officer Satya Nadella said companies should treat powerful artificial intelligence models as potential insider threats and assume they could be compromised, according to Bloomberg.
He called for an “emergency brake” system to stop agentic models from going rogue.

According to CNBC, the Supreme Court heard arguments this week in Anderson v. Intel Corp. Investment Policy Committee, a case over whether retirement plan underperformance claims require a “meaningful benchmark” and could affect employers’ willingness to add private investments to 401(k) plans. Justices Clarence Thomas, Elena Kagan, Samuel Alito and Neil Gorsuch all raised concerns about comparing unlike funds, and legal experts said the questioning suggested the court may side with Intel and affirm the 9th Circuit.
The dispute stems from a 2019 lawsuit by a former Intel employee who argued that lower returns in Intel’s plans reflected a breach of fiduciary duty. Lower courts rejected that claim, saying underperformance alone was not enough without a benchmark for comparison. Employers and plan sponsors are now waiting for the court’s ruling and final Labor Department rules on alternative investments before changing their 401(k) menus, while asset managers continue to roll out new products and partnerships.

Hyperliquid Network is scheduled to upgrade at about 16:15 today, with downtime expected to last around 10 minutes. According to Odaily, the upgrade is planned for today and the network is expected to be unavailable during the maintenance window.