Foresight_News

Foresight News reports that, according to monitoring by Yu Jin, the TRUMP token team has transferred out a total of 81.87 million TRUMP tokens (about $249 million) from the team wallets over the past 8 months. These tokens entered exchanges such as Binance and OKX at an average price of $3.04. The team holds 80% (800 million tokens) of the token allocation. After cashing out $249 million, they have sold only 8.2% of the tokens so far, and still hold 71.8% (718 million tokens) of TRUMP.

Foresight News reports that, according to Lookonchain monitoring, an ENA whale deposited 30 million ENA to Binance via BitGo today after sleeping for more than a year. The deposit is worth approximately $6.98 million. The whale currently still holds 157.55 million ENA, worth approximately $36.74 million.

Privacy premium, protocol revenue, and buyback-and-burn are becoming the new anchors for capital.
By Cooper Duschang
Compiled by Saoirse, Foresight News
Bitcoin accounts for about 56% of the total market value of cryptocurrencies. For a long time, analysis of the crypto market has largely focused on Bitcoin’s return performance and how it reacts to the macro environment. Even though Bitcoin is huge in size, it is not the same as the entire crypto industry.
In past bull market cycles, capital generally flowed first into blue-chip large-cap crypto assets like BTC, ETH, and SOL, and only afterward rotated into altcoins. Now this logic has changed. The attention altcoins receive is sometimes comparable to, or even greater than, that paid to large-cap crypto assets. The many sub-sectors covered by altcoins provide investors with ample opportunities to capture excess returns.

Foresight News message, according to Bitget market data, The Sandbox (SAND) has gained more than 77% in the past 24 hours, briefly touching 0.084 USDT, and is currently trading at 0.082 USDT.
Previously, Upbit and Bithumb removed trading warning indicators for The Sandbox (SAND) the day before yesterday.

Foresight News message: According to Bitget market data, Midnight (NIGHT) hit a intraday high of 0.052 USDT, and is currently trading at 0.05 USDT. The 24-hour increase is 26.66%.
Midnight is a data-protection-focused L1 blockchain.

Foresight News: In the second season of Genius, the trading terminal YZi Labs invested in, has concluded. The plan was to distribute 200 million GP, but 173 million GP were actually distributed, corresponding to 6.055% of the GENIUS supply that can be claimed. The remaining 0.945% will be automatically burned. Users who choose a refund can receive all the transaction fees paid to Genius in this season, but will lose the GP they already earned in the second season; the corresponding GENIUS will be permanently destroyed.
The refund window will open from 00:00 Beijing time on October 7 to 00:00 on October 12. For users who do not request a refund, during the second 5-day window starting October 12, they can choose either: immediately unlock but with a deduction of 85% of the allocation share; or lock for 24 months and receive a 100% air drop.

Foresight News reports that, according to CoinDesk, sources say that Bank of New York Mellon (BNY) is in talks with Kraken’s parent company, Payward, regarding a potential partnership or coverage spanning digital assets, custody, trading, payments, wealth management, and other financial market infrastructure. The related services are planned to be provided to the bank, exchanges, and asset management institutions through Payward Services.

Foresight News reports that according to Lookonchain monitoring, two traders were liquidated, totaling 708 million PUMP tokens, worth approximately $3.61 million.

Foresight News message: Base has added 26 tokenized stocks. These include NFLXc, AVGOc, LLYc, GMEc, DJTc, RDDTc, HTZc, QUBTc, HIMSc, TTWOc, MRNAc, RBLXc, BEc, MRVLc, ORCLc, ASTSc, AMDc, PYPLc, WENc, DUOLc, SOUNc, CAKEc, PTONc, PMc, NVAXc and PFEc.
Base states that tokenized stocks are only offered in jurisdictions outside the United States that meet the requirements.

Foresight News reports that, according to a report by The Information, sources revealed that Anchorage Digital, a digital asset bank, CEO Nathan McCauley told employees this week that the company will cut 17% of its workforce.

Foresight News: Messages based on SEC filings indicate that Coinbase filed an 8-K on October 2, disclosing that Chief Accounting Officer Jennifer Jones notified the company on September 29 of her decision to retire. She will continue to serve until her successor takes over, and the company has already initiated a search for a successor. The decision is not the result of any disagreement with the company regarding operations, policies, or practices.

Foresight News message: On October 2, Canary filed amended S-1 documents for the Canary PEPE ETF with the U.S. SEC. The filing shows that the ETF plans to be listed on Cboe BZX. Its investment objective is to seek to provide investors with price exposure to PEPE held in trust, minus operating expenses and other liabilities. The net asset value is referenced to CoinDesk’s PEPE benchmark exchange rate based on the 60-minute New York price.

Foresight News: A message reported by Yu Jin monitoring indicates that related addresses of LayerZero partners transferred 8 million ZRO (about $14.98 million) to Coinbase Prime about 6 hours ago. These related addresses had previously received 40.57 million ZRO (about $73.02 million) from a LayerZero strategic partner multisig wallet one year earlier.

Foresight News message: Ethereum co-founder, Consensys founder and CEO Joseph Lubin tweeted that, based on the current investigation, there is no indication that MetaMask wallets or customers’ funds within the wallets were affected by the MetaMask infrastructure incident. The seed phrases, private keys, and wallet assets are not involved in this incident; users self-custody.
The team has not publicly discussed the details of the events still under handling, but has disclosed them to its partners and relevant stakeholders and is working with them to address the issues. As a precaution, it rotated the validator keys with its partners; the relevant validators must first exit the staking queue and then re-enter.

Foresight News: Aave community has published an ARFC proposal titled “Aave Foundation Phase 1.” The proposal includes plans to establish a Cayman Islands foundation company with no members, to hold and protect Aave’s trademarks and related intellectual property for the Aave protocol. Phase 1 covers only company registration, appointment of the first independent director and independent overseer. The transfer arrangements for trademark, domain names, and codebase intellectual property will be proposed in subsequent phases separately.
After the initial appointment, directors may be appointed or removed only by the AIP. Aave Labs and service providers do not have appointment/removal rights and cannot be appointed. The foundation does not participate in governance for activities such as asset listing, parameters, budgets, etc., and has no voting or veto power. The DAO retains the right to consent for amendments to the articles of association, disposal of core intellectual property, mergers and reorganizations, and the transfer of assets after liquidation, and may also instruct liquidation and the transfer of remaining assets via the AIP. This time, no recurring budget is requested; it only covers reasonable expenses such as registration, legal fees, a qualified secretary, and the appointment of directors and independent overseers. Aave Labs does not share in the establishment funds.

Foresight News, according to Lookonchain monitoring, trader OuterHeavyBat is currently up more than $663,000 on MASK. They spent $101,000 to buy 18.6 million MASK and have not sold yet; it is currently worth $765,000.

Foresight News message: NEAR Intents CEO Alex Shevchenko posted on X that the attacker behind NEAR Intents has returned the stolen $3.8 million. The team has now halted its investigation and urges security researchers to report issues through future bug bounty programs rather than disrupting network services.
Previously reported by Foresight News: NEAR Intents CEO Alex Shevchenko said in a post on X yesterday that the attacker behind NEAR Intents transferred 1 BNB to the recovery wallet and left a message saying they were willing to cooperate.

Foresight News According to CoinDesk, the Independent Community Bankers Association (ICBA) in the United States has sued the Office of the Comptroller of the Currency (OCC), accusing it of exceeding the scope of authority granted by the National Bank Act when granting national trust bank charters to crypto companies, and allowing the relevant companies to enter the U.S. banking system while keeping their requirements for capital, liquidity, supervision, and FDIC insurance below those of community banks. In recent years, the OCC has granted or approved trust bank charters for crypto firms such as Coinbase, Circle, Crypto.com, and WLFI. The ICBA previously also opposed the stablecoin provisions of the CLARITY Act.

According to a Foresight News report, citing Xinhua, the international operation center of the Digital Renminbi stated that after the first batch of 26 financial institutions signed contracts, by the end of September an additional 39 domestic and overseas financial institutions had submitted applications. They are expected to be connected as direct participants to the “Digital Currency Payment” cross-border settlement integrated services platform (CBETS).
In the field of cross-border trade, CBETS has launched a new trade settlement and investment/financing service, “Digital Currency Payment LIFT” (CBETS LIFT), focusing on cross-border trade settlement and investment/financing. For personnel traveling across borders, the overseas version of the Digital Renminbi App supports wallet registration and activation using phone numbers from more than 210 countries and regions. After overseas users in China top up, they can make consumption in all online and offline scenarios. In addition, a hardware wallet is available and a dual-card integrated hardware wallet caters to the card-swiping habits of overseas users, supporting multiple operations such as QR code scanning, tapping, and balance inquiries.

Foresight News, a message from Alternative.me data: today’s Crypto Fear and Greed Index has dropped to 67 (yesterday it was 72, in a “Greed” state), indicating that the market is in a “Greed” state.