727 FinanceA whale sold over 694,000 HYPE in the past 5 days, worth $53.27 million. Over the past 5 days, a mysterious "whale" sold 694,310 HYPE, worth $53.27 million. Analyst: BTC has returned to Strategy's 2026 cost line, but purchases since 2025 are still at a floating loss. Analyst Darkfost posted that Bitcoin's price has recovered above Strategy's 2026 holding cost line, but purchases made since 2025 remain in a loss position. Strategy currently holds 848,517 bitcoins, with an overall average cost of about $75,446. Bitcoin today has risen above Strategy's 2026 cost line of $78,900. But if all purchases since 2025 are included, combined with this summer's low
A whale sold over 694,000 HYPE in the past 5 days, worth $53.27 million
Over the past 5 days, a mysterious "whale" sold 694,310 HYPE, worth $53.27 million.
Analyst: BTC returns above Strategy's 2026 cost basis, but purchases since 2025 remain underwater
Analyst Darkfost posted that Bitcoin's price has recovered above Strategy's 2026 holding cost basis, but purchases made since 2025 remain in loss territory.
Strategy currently holds 848,517 bitcoins, with an overall average cost of about $75,446. Bitcoin today has climbed above Strategy's 2026 cost basis of $78,900. However, if all purchases since 2025 are combined with sales near this summer's lows, the blended cost is still about $90,600, and the current price remains underwater. After pausing for several weeks, Strategy has resumed buying (no new purchases last week). The company's 1-year return is about 27.6%, and its 10-year return is about 60.3%.
ICE, parent of the NYSE, partners with Trade.xyz to bring Hyperliquid perpetual contract products to the U.S. market
Trade.xyz posted that, subject to approval by the U.S. Commodity Futures Trading Commission (CFTC), Trade.xyz and ICE, parent of the NYSE, plan to establish a new platform dedicated to the U.S. market, using innovative trading and clearing infrastructure built on Hyperliquid. The planned contracts cover equities, indices, commodities, foreign exchange, and cryptocurrencies, and users will be able to access them through participating brokers and platforms. In addition, ICE will make an equity investment in Trade.xyz, but specific funding details were not disclosed.
ARK Invest buys about $9.1 million of Robinhood stock, the largest purchase in 6 months
Cathie Wood's ARK Invest bought about $9.1 million of Robinhood stock on Wednesday, the largest purchase of the stock by the firm since April 29. Earlier this month, ARK had sold about $47.5 million of Robinhood stock between October 6 and October 9, when the stock closed between $107 and $112.
The purchase came after Robinhood released its third-quarter earnings. The report showed that its cryptocurrency trading revenue fell 55% year-over-year to $120 million, while cryptocurrency trading volume dropped 38% to $50 billion.
Galaxy Digital files application with the U.S. Office of the Comptroller of the Currency to establish a national trust bank
Galaxy Digital Inc. (Nasdaq: GLXY) announced that its subsidiary Galaxy Digital LP has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish "Galaxy National Bank," headquartered in New York. If approved, Galaxy National Bank will operate as a federally regulated trust institution under OCC supervision. The bank will provide Galaxy's digital asset custody, trading, and staking services, and conduct fiduciary investment advisory business. Through this unified federal framework, the bank will be able to serve clients across the United States.
Binance to list Predict (PREDICT) and add a seed tag
Binance will list Predict (PREDICT) on October 30 at 18:00 (UTC+8) and open PREDICT/USDT, PREDICT/USDC, and PREDICT/TRY spot trading pairs.
Kalshi completes $1 billion Series G funding led by Sequoia Capital and Wellington Management
Kalshi co-founder and CEO Tarek Mansour said Kalshi completed a $1 billion Series G funding last week, led by Sequoia Capital and Wellington Management. Other investors participating in the round included Baillie Gifford, Morgan Stanley Investment Management, Coatue Management, and Andreessen Horowitz. In the previous funding round in May this year, the company was valued at $22 billion.
ZachXBT: Insider addresses at Axis Robotics (AXIS) sold off, causing the token to plunge about 40%
Insiders at Axis Robotics (AXIS) obtained more than 76 million AXIS tokens (worth over $12 million) from a multisig wallet, then sold them through DEXs and transferred some tokens to the Bitget exchange. As a result, the price of AXIS plunged 40% over the past 24 hours. One insider sold 42 million AXIS tokens today and currently holds more than 5.04 million USDC across 8 wallet addresses.
U.S. September core PCE price index rose 0.3% month-over-month, in line with market expectations
The U.S. September core personal consumption expenditures price index rose 0.3% month-over-month, compared with an estimate of 0.3% and a previous value of 0.2%. It rose 3.1% year-over-year, compared with an estimate of 3.1%.
Huobi HTX reaches constructive communication with the UK Financial Conduct Authority (FCA), related litigation properly resolved
Huobi HTX announced that the UK Financial Conduct Authority (FCA) had previously initiated legal proceedings against the exchange in the UK, and after a period of constructive communication between the two parties, the matter has now been properly resolved. Huobi HTX stated that during the communication, it continued to cooperate with the FCA and, based on its commitment to continuously complying with compliance standards, gradually strengthened restrictions related to the UK market and exit arrangements, and introduced supporting operational measures. These measures had already been implemented before the settlement was reached. The settlement further consolidates the above measures and does not constitute an admission by Huobi HTX of any legal liability, misconduct, or violation.
Huobi HTX emphasized that the settlement eliminates relevant legal uncertainty and is consistent with the exchange's commitment to continuously improving compliance. In the future, HTX will continue to work constructively with all parties in the industry, including with regulators where appropriate, to jointly safeguard user interests and promote the healthy development of the digital asset ecosystem.
Legendary U.S. investor Stan Druckenmiller posts first tweet, says he has become a Trade.xyz investor
Legendary U.S. investor Stan Druckenmiller posted his first tweet, saying he has become an investor in Trade.xyz. Stan Druckenmiller said that as a market participant, he looks forward to using this product to improve the investment process.
Earlier news: ICE, parent of the NYSE, partnered with Trade.xyz to bring Hyperliquid perpetual contract products to the U.S. market.
Sky Ecosystem Q3 report: net income reaches $37.19 million, sixth consecutive quarter of positive net income
Sky Frontier Foundation released the Sky Ecosystem third-quarter report. Net income for the quarter reached $37.19 million, up 11.8% quarter-over-quarter, marking the sixth consecutive quarter of positive growth, with the margin rising from 31.0% to 37.5%. Total protocol revenue was $99.29 million, up 14.2% year-over-year and down 7.4% from the second quarter; total expenses fell 16.0% to $62.1 million. Protocol collateral stood at $11.41 billion, up 25.3% year-over-year and down 7.3% from the second quarter. sUSDS supply was $4.52 billion, up 118% year-over-year, but below the second quarter's $5.52 billion. During the quarter, $28.47 million was transferred to the Sky reserve, whose ending balance reached $85.08 million.
HYPE breaks above $90, up more than 13% in 24 hours
OKX market data shows that HYPE briefly surged past $90 and is now at $91.67, with a 24-hour gain of 13.19%.Alphabet (GOOGL) stock fell as much as 12.18% intraday, currently at $287.13
According to Binance market data, Alphabet (GOOGL) stock fell as much as 12.18% intraday, currently at $287.13.
zkLink: Block production suspended and withdrawals closed; attackers can receive a 20% white-hat bounty if they return the funds
zkLink has released an update on the security incident, confirming an ongoing attack targeting the Arbitrator contracts of zkLink Nova on Ethereum and Optimism. The team has suspended zkLink Nova block production; urgently patched the affected contracts and temporarily closed the withdrawal channel to cut off further attack paths; in addition, the technical team is conducting a comprehensive security review of all related components. The official statement said that zkLink Nova services will only be restored after all risks are confirmed to have been eliminated. At the same time, it proposed to the attacker that if the funds are returned, they can receive a 20% white-hat bounty and no further liability will be pursued.
Earlier reports said that the zkLink cross-chain bridge on Ethereum was under attack and had lost about $786,000.
Google posts its largest single-day drop in history, with total market value evaporating by $500 billion
Google parent Alphabet posted its largest single-day drop in history, with the decline widening to 13%, and its market value decreased by more than $500 billion compared with the previous trading day's close. The company's third-quarter revenue was $127.58 billion, up 25% year over year, below the market expectation of $127.91 billion; adjusted earnings per share were $2.67, below the expected $2.97. Google Cloud revenue rose 103% year over year to $30.71 billion, but core advertising business performance fell short of expectations, and free cash flow recorded a net outflow of $9.07 billion. The market is concerned that as AI investment continues to climb, slowing search advertising growth may further increase pressure on profitability and cash flow.
1kx report: Blockchain industry revenue is expected to reach $100 billion in 2026
Investment firm 1kx released its annual blockchain revenue report, covering more than 2,600 protocols and more than 100 listed companies. It is estimated that in 2026, blockchain industry revenue will reach $100 billion (lowered by 28% from the previous forecast due to price volatility). Unlike the overall downward trend, the share of revenue derived from institutional adoption and broader economy applications rose to 30% in 2026; among that, revenue from the broader economy sector exceeded revenue at the blockchain infrastructure layer for the first time in the third quarter.
Listed companies currently account for 16% of blockchain revenue, up from 7% in 2022; although market concentration is high, the position of revenue leaders among various protocols is still constantly changing. In addition, in the third quarter, a record 283 protocols returned value to token holders through mechanisms such as token buybacks, burns, or fee sharing.
Polymarket launches five-minute cryptocurrency up-or-down prediction market on its U.S. platform
Prediction platform Polymarket launched five-minute cryptocurrency up-or-down betting contracts on its regulated U.S. platform. The platform is operated by QCX LLC and regulated by the U.S. Commodity Futures Trading Commission (CFTC). Traders can bet on whether assets such as Bitcoin, Ethereum, Solana, and XRP close above or below their starting price within five minutes. A correct prediction pays $1 per share, while an incorrect one goes to zero, structurally similar to binary options, lowering the threshold for short-term derivatives trading.
At the time of the product's launch, the CFTC is re-examining whether Polymarket complies with the terms of its 2022 settlement and is focusing on customer protection measures on its U.S. platform. Prior research had pointed out potential settlement manipulation risks in the old five-minute contracts, and the platform has switched to a time-weighted average price (TWAP) settlement mechanism.
Musk retweets legendary investor Stan Druckenmiller's post about investing in Trade.xyz
Musk retweeted legendary investor Stan Druckenmiller's post disclosing an investment in Trade.xyz, and said "Interesting."
Earlier reports said that legendary U.S. investor Stan Druckenmiller posted his first tweet, stating that he had become an investor in Trade.xyz.
Axis Robotics denies that team or investor AXIS tokens were sold
Axis Robotics issued a statement regarding the sell-off of $AXIS on October 28-29. Axis Robotics emphasized that tokens belonging to the team or investors were not sold. The allocations of the core team and investors (as well as all other locked allocations, accounting for 83.5% of the total supply) remain in vesting contracts jointly managed with Binance. The tokens sold this time came from the initial circulating supply portion of the published tokenomics, specifically the "ecosystem" allocation. Because many ecosystem participants are not crypto-native users, their allocations were delivered through a single over-the-counter (OTC) counterparty; the written agreement signed by both parties included lock-up clauses.
Judging from the selling pattern (tokens were sold through exchange deposit channels via hundreds of newly created addresses within hours after delivery), this most likely means that the OTC counterparty sold these tokens on the open market. If true, this action has breached the agreement between the two parties. The team has currently suspended all further cooperation with the counterparty, is reviewing the relevant agreement with legal counsel, and will seek all feasible remedies under the agreement framework.
Earlier reports said that according to on-chain detective ZachXBT, insider addresses of Axis Robotics (AXIS) sold off tokens, causing the token to plunge about 40%.
Multiple Polymarket users say assets were transferred without authorization, suspecting a front-end attack
Polymarket trader Car posted on X platform that about $800,000 in assets were stolen from their Polymarket account, all positions were sold, and a friend's account had about $600,000 stolen, and reminded users to lock their accounts and refrain from interacting with the website for the time being. In addition, multiple users reported on X platform and the Polymarket Discord community that the website front end was suspected of being attacked, with assets transferred without authorization. Some users said about $200,000 was stolen, and others said they received unauthorized withdrawal signature requests on the official website. As of press time, Polymarket officials had not responded. In June this year, Polymarket suffered a front-end phishing attack due to the compromise of a third-party vendor, and about $2.94 million in user assets were stolen.
Polymarket exchange enters cancel-only mode, suspends relayer operations
According to Polymarket's official status page, the Polymarket exchange has now entered cancel-only mode, relayer operations have been suspended, and officials are investigating an incident. The notice was published at 02:05 Beijing time, and the trading API (CLOB) showed a major outage. Previously, multiple Polymarket users said on X platform that account assets had been transferred without authorization. Trader Car said $800,000 was stolen, and a friend had $600,000 stolen. The community suspects the website front end was attacked. As of press time, Polymarket had not announced the cause of the incident or the extent of losses.
Polymarket: Third-party service provider compromised, affected users will receive full compensation
Polymarket Traders posted on X platform that it had identified and fixed an issue affecting its international platform Polymarket.com, caused by the compromise of one of its third-party service providers. The matter has been referred to relevant law enforcement authorities, and all affected users will receive full compensation. Out of caution, the platform has temporarily suspended trading and is working to restore access. Previously, multiple Polymarket users said account assets had been transferred without authorization, and trader Car said about $800,000 was stolen. As of press time, officials had not disclosed the name of the service provider involved or the total amount of losses.
Data: Suspected Polymarket attacker converts about $2.65 million in funds into POLArkham data shows that a suspected Polymarket attacker address (0x3F99…Ffc18) converted the obtained USDC.e and USDC into POL, at one point holding approximately $2.65 million worth of POL. Polygonscan shows that the address subsequently transferred out approximately 28.64 million POL in three transactions. Cybersecurity firm Hudson Rock stated that the address was hardcoded in a script containing wallet-draining code hosted by the web performance monitoring service DebugBear, serving as a backup receiving address. Previously, Polymarket said that a third-party service provider was compromised and that affected users would be fully compensated. According to Decrypt, this is Polymarket's third security incident this year, following losses of approximately $700,000 in May and approximately $3 million in June.
Nasdaq reportedly persuading listed companies to oppose OKXICE tokenizing their shares
Crypto journalist Eleanor Terrett posted on X platform that, according to information obtained by her co-host Jacquelyn Melinek, representatives of Nasdaq have been reminding its listed companies not to allow their shares to be tokenized and traded through OKXICE TSV, a joint venture between OKX and Intercontinental Exchange (ICE). Melinek said that an executive of a Nasdaq-listed company told her that Nasdaq representatives proactively contacted the company and advised it to oppose tokenized trading on OKXICE, and offered to arrange a call to explain the reasons. So far, 38 companies have raised objections, 23 of which are listed on Nasdaq. Nasdaq has previously publicly expressed concerns about tokenized stocks trading outside traditional market structures and said it does not plan to launch a TSV; it is advancing its own tokenization model with Kraken, expected to go live in the second quarter of 2027. Nasdaq has not yet responded to a request for comment.
Coinbase Q3 net income $719 million, prediction market annualized revenue exceeds $200 million
Coinbase released its Q3 2026 financial report, with net income of $719 million and adjusted net income of $78 million; adjusted EBITDA was $333 million, up 60% quarter-over-quarter. Its share of crypto trading volume rose to 10.70%, the fourth consecutive quarterly increase; platform assets accounted for 12.50% of total crypto market capitalization. Average USDC held across Coinbase products reached $22 billion, up 49% year-over-year, a record high; annualized revenue from prediction markets exceeded $200 million, subscription and services revenue accounted for 49% of total net revenue; paid Coinbase One subscribers grew 24% year-over-year, a record high.
Strategy Q3 net income $19.53 billion, CFO to step down
Strategy released its Q3 2026 financial report, with operating income of $20.91 billion, a record high for the company; net income of $19.53 billion, diluted earnings per share of $44.75, compared with net income of $2.79 billion in the same period last year. Q3 digital asset gains were $20.91 billion. As of October 25, the company held 848,517 BTC, up 26% year-to-date, having purchased $14.33 billion worth of BTC during the year and repurchased a cumulative $2.04 billion of STRC. In addition, Chief Financial Officer Andrew Kang will step down on November 5 and remain as an advisor until December 31; Executive Vice President of Operations Reza Virasteh will succeed him as CFO on January 1, 2027.
Analysis: More than 700 users stolen from in Polymarket incident, trader Car accused of faking theft
Bubblemaps posted on X platform that in the Polymarket theft incident triggered by the compromise of a third-party service provider, more than 700 users were affected, with approximately $2.7 million stolen; the main attacker address is 0x3F99…Ffc18, and the funds have been converted into POL and transferred out. Bubblemaps also corrected that trader Car, who previously claimed to have been stolen from about $800,000, faked the theft, and that the asset transfer pattern did not match other victim wallets. As of press time, Car's previously published related posts have been deleted.
Coinbase CEO plans to sell up to 8,167,400 shares, worth approximately $1.31 billion
Coinbase's latest quarterly report (10-Q) shows that Chief Executive Officer Brian Armstrong entered into a Rule 10b5-1 trading plan on August 12, intending to sell up to 8,167,400 Class A common shares by exercising vested stock options, subject to the stock price meeting specified threshold prices, with an expected execution period from November 16, 2026 to October 22, 2027. According to The Defiant, the shares are worth approximately $1.31 billion, and co-founder Fred Ehrsam and executive Emilie Choi have also adopted stock sale plans.
Binance hot wallet attacked, estimated total losses approximately $6.3 billion, approximately $3 billion frozen on-chain
Binance released a security incident update, and its preliminary investigation shows that the security incident may involve the compromise of a DevOps engineer's laptop, which allowed the attacker to access a service container and submit unauthorized withdrawal transactions. Binance said it has found no evidence of any wallet private key leakage and will publish a detailed technical post-mortem after the investigation is completed and the facts are fully verified.
Binance estimates total losses at approximately $6.3 billion and has worked with blockchain partners to freeze affected assets, with approximately $3 billion already frozen on-chain. Binance will bear all losses through the SAFU fund and corporate funds, user funds are safe, and it will publish updated proof of reserves after remediation is completed. As an immediate preventive measure, Binance has temporarily suspended deposits and withdrawals, revoked authorizations for affected addresses, and is working with law enforcement and blockchain intelligence partners to trace and recover funds. Binance said it is working around the clock and cooperating closely with law enforcement partners to identify the attacker.
Previously, various projects also tweeted comments or clarifications on related risk exposure. Ethena said its unrealized P&L exposure to Binance is approximately $8.8 million, far below its reserve fund; Aave said that due to the Binance incident, it has temporarily frozen all DAO markets on V3 and V4; both Upbit and Bithumb reminded users to be cautious when depositing to Binance; Wintermute said its risk exposure on Binance is less than 20% of net assets and operations will not be disrupted; GSR CEO said its risk exposure on Binance is less than 5% of net assets and business is not expected to be materially affected.
Previously, some analysis suggested that the suspected Binance attacker mistakenly used MetaMask to pay gas, possibly leaving traceable records; Cobo co-founder Shen Yu said that Binance 14 hot wallet has still not revoked the EIP-7702 delegation, and approximately 2,961 ETH are at risk of being swept again; SlowMist CISO recommended investigating the Binance theft incident around the private key leakage chain and abnormal withdrawal tools; Blockaid CEO said the Binance hack may have originated from a compromised signing system rather than stolen private keys.
AI Daily
A selection of the most noteworthy AI news from the past 24 hours to help you filter out AI noise. Source: PANews AI Observation Desk
Mistral open-sources all weights of Mistral Large 4 (Le Chonk) Mistral announced the release of its flagship model Mistral Large 4 (codename Le Chonk) as open weights, with 1 trillion parameters, native multimodality, a focus on coding and defensive cybersecurity, and three reasoning modes. The company says it leads on coding and defensive security benchmarks among open-weight models and was trained entirely in Europe. Gemini 4 Carbon tops the Artificial Analysis Intelligence Index v5 Google Gemini 4 Carbon topped the AA Intelligence Index v5 with a score of 59, taking first place in 4 of 9 evaluations (HLE-Diamond, Terminal-Bench-Science, AA-Omniscience, AutomationBench-AA). Its coding agent index score was 59, second only to Claude Opus 5.5's 62. Anthropic files S-1, asks Wall Street to believe in AGI Anthropic submitted an S-1 registration statement to the SEC, planning an IPO on Nasdaq. The Verge analysis pointed out that the filing essentially provides financial justification for the company to "spend as much money as possible on compute."