Today's headlines:
Andrew Tate deposited $1.87 million in HYPE to Binance, with total HYPE holdings profit reaching $7.24 million, a return rate of 1317%
Blast will cease operations, advises users to withdraw assets to Ethereum mainnet before October 26
Genius Season 2 ends: 173 million GP distributed, GENIUS corresponding to fee refund applications will be permanently burned
Upbit and Bithumb add BLAST to trading caution list, BLAST drops 42% in a single day
Digital asset bank Anchorage Digital cuts 17% of staff
Aave Labs proposes establishing the Aave Foundation to hold ownership of the Aave trademark and related intellectual property
BNY is in talks with Kraken parent company Payward for digital asset cooperation, covering custody, trading, and payments
The $3.8 million stolen from NEAR Intents has been fully returned, investigation terminated
Huang Licheng has won 10 consecutive trades on PUMP over the past 5 days, with cumulative profits of $1.34 million
Arthur Hayes: The U.S. may support AI and U.S. Treasuries through money printing, thereby driving up cryptocurrency prices
Regulation & Macro
U.S. SEC approves 3x Bitcoin, Ethereum, Gold, Silver, Crude Oil, and Natural Gas ETPs
Bloomberg ETF analyst Eric Balchunas posted that the U.S. Securities and Exchange Commission (SEC) approved 3x long Bitcoin, Ethereum, Gold, Silver, Crude Oil, and Natural Gas ETPs under the Securities Act of 1933.
U.S. September seasonally adjusted nonfarm payrolls at 29,000, below expectations
According to Jin10, U.S. September seasonally adjusted nonfarm payrolls were 29,000, expected 90,000, with the previous value revised from 162,000 to 133,000. The U.S. September unemployment rate was 4.2%, expected 4.1%, previous value 4.10%.
Market no longer fully prices in a full rate hike this year
According to Jin10, swap contracts tied to Federal Reserve meeting dates show the market no longer fully prices in a full rate hike this year.
Market traders reduce bets on a Fed rate hike in October
According to Jin10, market traders reduced bets on a Federal Reserve rate hike in October.
Project Dynamics
NEAR co-founder Illia unveils new developer project concepts, covering AI, cross-chain payments, and privacy transactions
NEAR Protocol co-founder Illia unveiled new developer project concepts, covering verifiable AI Tamagochi based on NEAR AI, Universal Checkout supporting payments from any wallet and chain, an AI encyclopedia combined with prediction markets, a private OTC trading market based on NEAR Intents, automated trading strategies to avoid liquidation, event registration fund escrow, private code review, company equity and financing management, Delta Neutral strategies, private social trading, private medical AI second opinions, private voice transcription, and AI model evaluation, and suggested developers expand distribution through NEAR Legion, Aurora Intent Connect, and community channels.
Blast will cease operations, advises users to withdraw assets to Ethereum mainnet before October 26
Blast announced on X that it is ceasing operations. It stated that the economics of operating the chain are no longer reasonable, with maintenance costs exceeding the revenue generated by the L2, and no credible path to making the chain economically sustainable, so it decided to gradually shut down. Blast requires all users to withdraw assets (including Blast PWA balances) to Ethereum mainnet, with withdrawal delay reduced to 24 hours; during the shutdown process, Lido assets will be withdrawn first, expected to take about a week, during which withdrawals will be temporarily unavailable. Users need to withdraw through the normal Blast interface before October 26, 2026; after that, they will need to interact directly with the Blast cross-chain bridge contract on Ethereum L1, and Blast will publish detailed instructions at that time.
Drift opens stolen compensation claims, first batch payout rate about 1% of losses
According to The Block, Solana ecosystem perpetual contract exchange Velocity (formerly Drift) has opened compensation claims for the April theft incident. Users can receive 1 DFX token for every 1 USDT lost, with the current payout rate at about 0.0104 USDT per DFX, or about 1% of losses. The compensation pool is about 3.11 million USDT, and the total DFX supply is about 299.5 million tokens with no further issuance. The Drift Foundation said the compensation pool will continue to be injected with protocol revenue, and Tether has committed up to 127.5 million USDT to support the restart and user compensation. Claims close on January 1, 2028. Previously, Drift was attacked in April, losing about $295.4 million.
Genius Season 2 ends: 173 million GP distributed, GENIUS corresponding to fee refund applications will be permanently burned
Genius announced the end of Season 2. It originally planned to distribute 200 million GP but actually distributed 173 million GP. Users who choose a refund can receive a full fee refund, and the corresponding GENIUS tokens will be burned. The refund window is from 0:00 on October 7 to 0:00 on October 12. Refund users will lose the GP earned during the season. Non-refund users can choose immediate unlock of the allocation within a 5-day window starting October 12 (with an 85% deduction), or lock for 24 months to receive 100% of the airdrop allocation. The 173 million GP already distributed corresponds to a potential claimable allocation of up to 6.055% of the total GENIUS supply, and the remaining 0.945% will be automatically burned.
Ronin Waypoint will close wallets on October 16, users need to migrate assets promptly
Ronin Waypoint wallet is about to stop service. Users need to complete asset transfers before the final migration deadline on October 16, otherwise assets left in the Waypoint wallet may become inaccessible. This migration mainly involves users using social login, keyless, or MPC wallets. Users can migrate assets to Ronin Stash, which supports email or social login, or transfer them to Ronin Wallet protected by a seed phrase; users using only seed phrase wallets are unaffected. bAXS and badges need to be handled separately through the official Axie migration page and can only be completed once. The official team reminds users to confirm after migration that the target wallet has received the assets and check whether anything is still missing.
Digital asset bank Anchorage Digital cuts 17% of staff
According to The Information, people familiar with the matter revealed that Anchorage Digital, the first federally chartered digital asset bank in the United States, cut 17% of its workforce. Anchorage reached a valuation of $4.2 billion earlier this year, with about 400 employees globally as of February, and this layoff involves about 68 positions.
Aave Labs proposes establishing the Aave Foundation to hold ownership of the Aave trademark and related intellectual property
Aave Labs submitted an ARFC proposal on the governance forum, proposing to establish a memberless foundation, the Aave Foundation, in the Cayman Islands, to hold the lending protocol trademark and related intellectual property under the supervision of the Aave DAO. The proposal covers only the first phase, involving the foundation's registration and the appointment of independent directors, supervisors, and a secretary. The DAO bears reasonable registration, legal, and setup costs, with no ongoing budget. Aave Labs and DAO service providers may not serve as directors or supervisors, and governance authority remains with the DAO. If community consensus is reached, it will proceed to the snapshot stage, followed by an AIP to authorize related costs. After registration is completed, independent directors and supervisors will be appointed, and the IP transfer will occur after the above matters.
BNY is in talks with Kraken parent company Payward for digital asset cooperation, covering custody, trading, and paymentsAccording to CoinDesk, two people familiar with the matter revealed that custody banking giant BNY is in talks with Payward, the parent company of crypto exchange Kraken, for a broad collaboration covering digital assets and financial market infrastructure, potentially involving areas such as crypto products, custody, wealth management, trading, payments, and infrastructure, with the related services to be provided through the B2B platform Payward Services. Some parts of the proposed collaboration may resemble the infrastructure component of Payward's recent agreement with Nasdaq. Negotiations are still ongoing, and there is no guarantee that a final agreement will be reached.
The $3.8 million stolen from NEAR Intents has been fully returned, and the investigation has been terminated
NEAR Intents General Manager Alex Shevchenko posted that the $3.8 million previously stolen in the NEAR Intents attack has been fully returned, the team will stop the investigation, and he called on relevant parties to report issues through the bug bounty program in the future. NEAR Intents previously said it had identified the entity behind the attack and gave it 48 hours to return the funds.
Canary has submitted an amended filing for the Pepe ETF
Bloomberg ETF analyst Eric Balchunas said that Canary has submitted an amended filing for the Pepe ETF. Eric Balchunas analyzed that this may be another sign that the crypto winter has ended.
Bitwise CEO Hunter Horsley disclosed that he personally has bought the NEAR ETF
Bitwise CEO Hunter Horsley posted on X that he had just personally bought the Bitwise NEAR ETF, without disclosing the specific amount. Hunter Horsley previously disclosed that investors bought during NEAR's pullback this week, and the Bitwise NEAR ETF saw about $9 million in net inflows on its third day of listing.
The NEAR Intents exploiter transferred 1 BNB to the recovery wallet and left a message saying they are willing to cooperate
According to a post by SlowMist Chief Information Security Officer 23pds, NEAR Intents General Manager Alex Shevchenko said that the NEAR Intents exploiter transferred 1 BNB to the recovery wallet and left a message saying they are willing to cooperate and asking the other party to provide a Signal contact. The transfer came from the same address that previously moved about $3.8 million in funds. About an hour earlier, that address had also transferred 0.295 ETH on the Ethereum network and sent the same message.
Cboe is considering launching perpetual futures based on the VIX
According to Bloomberg, Cboe Global Markets is considering launching perpetual futures based on the CBOE Volatility Index (VIX). The VIX index itself cannot currently be traded directly, and Cboe will explore listing related contracts after U.S. regulation of perpetual futures becomes clearer. Rob Hocking, Cboe's global head of derivatives, said clients have been asking how to gain spot VIX exposure, and perpetual futures could be a good solution, while also noting that options have significant advantages over perpetual futures, including non-linear payoffs and buyers' losses being limited to the premium. He called on regulators to provide clearer guidance on the regulation of perpetual contracts.
NEAR Intents: The entity behind the exploit has been identified, with 48 hours to return the funds
According to The Block, NEAR Intents General Manager Alex Shevchenko said that the entity behind the approximately $3.8 million exploit has been identified and has been given 48 hours to return the funds. Shevchenko said the entity should know the rules of responsible disclosure better than most, and this is its last chance to use this mechanism.
Views & Analysis
Analyst: Bitcoin's high for the year is $97,000, with $80,000 to $83,000 as a key support level
Trader Killa posted that Bitcoin's highest target for this year is $97,000, and it may remain range-bound below that price for the rest of the year, but this cycle's uptrend is more parabolic than in the past and started earlier. Killa said the $80,000 to $83,000 range is crucial, and if that support is clearly broken, the next target range could be $74,000 to $77,000, which may become the panic-selling bottom before the price rushes toward its previous high; if upward momentum continues, a pullback may only reach the low $80,000s. Killa said he has established a 10x leveraged long position at $83,500 and may add to spot BTC and long positions if there is panic selling in the fourth quarter.
Arthur Hayes: The U.S. may support AI and U.S. Treasuries through money printing, thereby pushing up cryptocurrency prices
Maelstrom Fund Chief Investment Officer Arthur Hayes said U.S. policymakers may support AI and U.S. Treasury financing through money printing, thereby pushing up cryptocurrency prices. Hayes said AI companies need trillions of dollars to build data centers and have few options other than printing money. He also discussed the possibility that a major Asian country may shift from mild tightening to large-scale monetary stimulus, and noted French financial stress, including BNP Paribas-related CDS and French bond spreads. Hayes said money printing will eventually happen at some point, but this is a disaster unfolding slowly beneath the surface.
Analyst: Bitcoin is approaching the $88,400 to $89,200 cost-basis cluster, and medium-term holders face a test
CryptoQuant analyst Darkfost pointed out that Bitcoin is testing two holder groups: the cost basis of holders of 18 months to 2 years is about $88,350, and the cost basis of holders of 6 to 12 months is about $89,200. Bitcoin is entering this confluence zone, and the relevant investors may react emotionally. Darkfost emphasized that cost basis is only an average and is used to identify risk zones. The 6-to-12-month group as a whole has been at a loss for nearly a year, and some may have bought at the top. This test will wash out the impatient, while others may continue buying to lower their cost basis and return to profit, and these behaviors may interrupt the previously accumulated upward momentum.
Important Data
Andrew Tate deposited $1.87 million worth of HYPE into Binance, with total HYPE position profit of $7.24 million and a return of 1,317%
According to Lookonchain monitoring, Andrew Tate today deposited 20,950 HYPE (worth $1.87 million) into Binance. About two years ago, he bought 122,827 HYPE at an average price of $4.48 (worth $550,000 at the time), and currently still holds 63,550 HYPE (worth $5.62 million). His total profit on HYPE reached $7.24 million, with an investment return of 1,317%.
Analyst: Total stablecoin market cap has shrunk by $14 billion since May, and the recovery momentum is weak
CryptoQuant analyst Darkfost posted that due to insufficient liquidity flowing into the crypto market, the total stablecoin market cap is struggling to recover. Since May, the total stablecoin market cap has shrunk by $14 billion, indicating large-scale capital outflows. But since September, the situation has improved slightly, with market cap growing by $4 billion and total market cap recovering to about $270 billion. Although the trend seems to be reversing, the recovery momentum remains weak, and stronger momentum is still needed to drive Bitcoin to new highs.
Upbit and Bithumb have added BLAST to the trading caution list, and BLAST fell 42% in a single day
South Korean crypto trading platforms Upbit and Bithumb have added BLAST to the trading caution list. BLAST is now at $0.0002387, down 42% in 24 hours. Earlier news: Blast announced that it is ceasing operations and advised users to withdraw assets to the Ethereum mainnet before October 26.
The largest short seller before CXMT's listing has closed the position, with a final loss of $10.98 million
According to Ember monitoring, the largest short seller who opened a short position one day before ChangXin Memory Technologies (CXMT) listed fully closed the short position 10 hours ago, with a final loss of $10.98 million, including $5.18 million in funding fees and $5.8 million in price losses. The whale opened a short at $6.5 one day before the listing, betting on a decline. Because CXMT's price remained firm, after holding the position for 2 months, it finally cut the position at $8.5 and cleared out.A new wallet withdrew nearly 200,000 HYPE from Coinbase Prime, worth approximately $17.29 million
According to Onchain Lens monitoring, a newly created wallet has cumulatively withdrawn 198,290 HYPE from Coinbase Prime, worth approximately $17.29 million.
Huang Licheng won 10 consecutive trades on PUMP over the past 5 days, with cumulative profits of $1.34 million
According to Lookonchain monitoring, Huang Licheng won 10 consecutive trades on PUMP over the past 5 days, with cumulative profits of $1.34 million. Current long positions: 33,950 ETH ($92.56 million), 409 BTC ($35.22 million), 180,000 HYPE ($16.16 million).
Ethereum rose 70.8% in Q3, its strongest quarterly performance since Q1 2021
According to CoinGlass data, Ethereum rose 70.8% in Q3 2026, its strongest quarterly performance since Q1 2021.
ens.eth sold another $3 million worth of ETH 4 hours ago
ens.eth (@ensdomains) sold 1,097 ETH ($3 million) at $2,743 4 hours ago.
Trader opened a 20x long on 2,900 ETH, with unrealized profit exceeding $1 million
According to Lookonchain monitoring, trader 0xd9A2 opened a 20x leveraged long on 2,900 ETH ($7.97 million) on Aster, with unrealized profit exceeding $1 million and a return rate of 251.68%.
Coinbase shares rose 5.1%, Strategy shares rose 5.6%
According to Binance market data, as Bitcoin hit a more than one-week high, cryptocurrency stocks rose: Riot shares rose 4.3%, HUT 8 Mining rose 5%, MARA Holdings rose 5.8%, Coinbase Global shares rose 5.1%, and Strategy shares rose 5.6%.