727 FinanceTop News Highlights:
Spot Bitcoin ETFs saw a net outflow of $487 million yesterday, with BlackRock's IBIT leading with a net outflow of $208 million.
Binance will support a planned upgrade to its stock trading service on October 10.
Standard Chartered Bank's Singapore branch plans to offer custody services for crypto assets, stablecoins, and tokenized RWAs to institutional investors.
A U.S. government address transferred $448 million in BTC to Coinbase, with a cumulative $670 million in crypto assets moved within 32 hours.
Whale pinosaur.eth liquidated ETH held for 9 years, realizing $24.21 million in profit, a 65x return.
Robotics data startup Mecka AI completed a $60 million Series B funding round led by Sequoia Capital.
A U.S. government address transferred out $165 million in assets within 24 hours, including 1,583.8 BTC sent to Coinbase Prime.
Hunter Biden again responds to the LAPTOP token controversy: the team did not cash out; market makers caused the token's crash.
Regulation & Macro
Standard Chartered Bank's Singapore branch plans to offer custody services for crypto assets, stablecoins, and tokenized RWAs to institutional investors.
According to The Block, Standard Chartered Bank's Singapore branch plans to provide custody services for certain crypto assets, stablecoins, and tokenized real-world assets to institutional investors. The service will expand its existing crypto asset custody footprint, which currently covers the UAE, Luxembourg, and Hong Kong.
Fed meeting minutes: Most officials believe one more rate hike before year-end may be appropriate.
The minutes of the Fed's September monetary policy meeting showed that all participating officials supported raising the target range for the federal funds rate by 25 basis points to 3.75% to 4.00%, and most officials believed that one more rate hike before year-end might be appropriate. Officials generally believed that inflation risks are skewed to the upside, and some officials noted that AI infrastructure construction could cause medium-term aggregate demand to exceed aggregate supply.
30-year U.S. Treasury yield rose above 5.7%, the highest level since 2002.
The 10-year and 30-year U.S. Treasury yields continued to climb. As of publication, the U.S. 10-year Treasury yield rose to 5.33%; the 30-year Treasury yield rose to 5.711%, up more than 6 basis points intraday, the highest level since 2002.
Project Developments
Binance will support a planned upgrade to its stock trading service on October 10.
According to an official announcement, to coordinate with a system upgrade by its partner broker, Binance's U.S. stock trading will be temporarily unavailable, and users will not be able to submit stock trading orders. The system upgrade will take place from 18:50 to 21:00 on October 10 (UTC+8).
Bithumb will list the PONS token on its KRW market.
According to an official announcement, South Korean crypto exchange Bithumb will list the PONS token on its KRW market, with trading expected to open at 15:00 local time.
Cointelegraph responds to sale rumors: CoinDesk report is untrue and contains multiple factual errors.
Cointelegraph responded to sale rumors, saying that the CoinDesk article was based on false information and contained multiple factual errors, and made clear that it "will not be sold." It added that it welcomes scrutiny but will not remain silent on reports that treat speculation as fact, and demanded that the relevant media correct the report, acknowledge the error, and give the correction equal exposure.
Upbit will list the PONS token on its KRW, BTC, and USDT markets.
According to an official announcement, South Korean crypto exchange Upbit will list the PONS token on its KRW, BTC, and USDT markets, with trading starting at 14:00 local time on October 8.
Bithumb will list AIA and CASHCAT tokens on its KRW market.
According to an official announcement, South Korean crypto exchange Bithumb will list AIA and CASHCAT tokens on its KRW market, with the specific trading opening time subject to the official announcement.
Sui is integrating with Samsung Wallet, and 82 million Galaxy devices in the U.S. will support USDC transfers.
Sui posted that it is advancing integration with Samsung Wallet, which is expected to enable about 82 million Galaxy devices in the U.S. to use Sui-based USDC transfers, including gas-free transfer functionality. The service will initially launch in the U.S. and later expand to more markets.
Sources: Cointelegraph is looking for a buyer.
According to CoinDesk, people familiar with the matter revealed that crypto media outlet Cointelegraph is looking for a buyer. Its business is heavily affected by Google, and after a manual penalty from Google in October 2025, organic traffic plummeted by about 80%. According to Similarweb, the site had more than 12 million monthly visits in December 2024, but by September 1 monthly traffic was only slightly above 700,000. The company was founded in 2013 and has more than 200 employees.
Hunter Biden again responds to the LAPTOP token controversy: the team did not cash out; market makers caused the token's crash.
Hunter Biden released the results of an independent investigation into the LAPTOP token launch incident, denying that the team cashed out. The investigation said that Market Maker 1 invested only about $5,200 and tokens accounting for 0.003% of total supply; the price rose from $0.05 to about $317 within two minutes and then fell 98% within an hour. Market Maker 1 made a profit of about $686,000, while Market Maker 2 netted more than $2.1 million. He said he would bear ultimate responsibility and planned to burn most of the unclaimed first-round airdrop tokens next week (10% of total supply).
Coinbase will list Pons (PONS) for spot trading on October 8.
According to an official announcement, Coinbase will list Pons (PONS) for spot trading on October 8. If liquidity conditions are met, the PONS-USD trading pair will open later today in regions where trading is supported.
Crypto market maker GSR invests $100 million to launch on-chain vault business Hare, focusing on on-chain credit.
According to CoinDesk, crypto trading and market-making firm GSR will invest $100 million to develop a new on-chain credit business called Hare, jointly built by GSR and liquidity distribution platform Turtle, mainly responsible for creating and managing on-chain Vaults. GSR's multi-year investment will mainly be provided as a credit line and serve as anchor liquidity. Hare will initially launch two Aave-based products: Hare USD Earn (deposit USD stablecoins into Vaults to earn yield) and Hare Gold Earn (for PAXG and PAXGy holders), with Paxos Labs participating as a partner.
Gate officially launches Gate Money, building a one-stop financial services entry point based on a global compliance system.
Gate founder and CEO Dr. Han announced the launch of Gate Money on the main stage of TOKEN2049 Singapore, connecting services such as fiat currency, digital assets, stocks, payments, and asset management, covering scenarios including asset holding, receiving payments, transfers, payments, exchanges, and yield. Users can experience it by updating the Gate App to v8.39.0. Gate's entities have obtained the Malta MiCA license and PSD2 payment institution license, the Dubai VARA license, and completed registration in Australia, with compliance coverage across 81 regulated jurisdictions worldwide.
Funding & Investment News
Stablecoin payment infrastructure Noah completes a $38 million seed round, with participation from FJ Labs and others.
Stablecoin payment infrastructure company Noah completed a $38 million seed funding round, with participation from Endeit Capital, FJ Labs, LocalGlobe, Felix Capital, and several angel investors. The new funds will be used to expand international remittance business, broaden regulatory footprint, and provide stablecoin-based cross-border payment services to enterprises and individuals.
Robotics data startup Mecka AI completes a $60 million Series B funding round led by Sequoia Capital.
Robotics data startup Mecka AI completed a $60 million Series B funding round led by Sequoia Capital, with participation from Nvidia, Microsoft's M12, Qualcomm, and Samsung Electronics. The company is dedicated to collecting and analyzing human motion data to train humanoid robots and others. It was previously reported to have a valuation of about $500 million.
Crypto proprietary trading platform Vest completes a $13 million seed funding round led by Portal Ventures.According to Fortune, crypto proprietary trading platform Vest has completed a $13 million seed funding round led by Portal Ventures, with participation from individual investors including executives from Citadel Securities, BlackRock, and KKR. Vest allows qualified traders to conduct 24-hour real perpetual contract trading and shares profits with traders. The funding round closed in July and was only recently disclosed.
Nous Research completes $90 million funding round at a $1.5 billion valuation
According to The Wall Street Journal, Nous Research, the developer of the open-source agent Hermes, has completed a $90 million funding round at a $1.5 billion valuation and plans to bring its open-source AI assistant tools to enterprise users. Its previously launched local and cloud AI agent Hermes has capabilities such as search, coding, and image understanding, and can automatically learn and expand its capabilities from user usage.
Views & Analysis
Vitalik: Users are not advised to rush to move funds to new wallets
Vitalik posted that users are not advised to rush to move funds to new wallets, but should take seriously the risks that AI-accelerated mathematical computation poses to cryptography, and should minimize reliance on cryptographic schemes vulnerable to quantum computing and AI attacks. He pointed out that the new core risk areas are ML-DSA, FHE, and lattice-based cryptography, and that AI progress in mathematics over the next two years may severely weaken the practical security of lattice-based cryptographic algorithms. He recommended prioritizing hash-based schemes; treating lattice-based schemes cautiously with respect to parameter sizes; for privacy protocols, not recommending putting encrypted notes on-chain, but transmitting them off-chain through third parties; keeping funds in addresses that have never been used for transactions is better; for multisignature, off-chain confirmation is better than on-chain, so that if ECDSA is broken, it can "smoothly degrade" to 1-of-1 mode.
Trader Doctor Profit: Has again established a Bitcoin short position in the $86,500 to $89,500 range
Crypto trader Doctor Profit said that when Bitcoin peaked near $124,000 last year, he liquidated and established a large-scale short position, then closed it near $60,000 during the "1011" market crash and switched to spot buying. Now he has again established a short position in the $86,500 to $89,500 range and placed large short orders in the $88,000 to $89,500 range.
Key Data
A smart money address reduced HYPE holdings by $11.77 million over 10 days, expected profit of $11.26 million, return exceeding 2214%
According to monitoring by Ai Yi, a smart money address is suspected to have reduced HYPE holdings by $11.77 million over 10 days, with a cost as low as $3.87. Address 0x13d…cfa8a has cumulatively deposited 131,421 HYPE to Kraken since 09.28 at a deposit price of $89.56. If sold, it would profit $11.26 million, a return of up to 2214%. Hyperliquid Labs announced on 09.30 that it would sell 3.75 million HYPE (about $329 million) off-market, with the buyer being a single institution that would not sell through the public market; the smart money's first suspected sale occurred before that news.
Bitcoin spot ETFs saw a net outflow of $487 million yesterday, with BlackRock's IBIT leading with a net outflow of $208 million
According to SoSoValue data, as of October 7 Eastern Time, Bitcoin spot ETFs had a total net outflow of $487 million. BlackRock's IBIT had a single-day net outflow of $208 million, the largest, with historical cumulative net inflows reaching $65.717 billion; Fidelity's FBTC had a net outflow of $105 million, with historical cumulative net inflows of $10.716 billion. Current total net asset value of Bitcoin spot ETFs is $107.401 billion, with a net asset ratio of 6.41%, and historical cumulative net inflows of $57.330 billion.
Ethereum spot ETFs saw a net outflow of $161 million yesterday, marking 7 consecutive days of net outflows
According to SoSoValue data, as of October 7 Eastern Time, Ethereum spot ETFs had a total net outflow of $161 million, marking 7 consecutive days of net outflows. BlackRock's ETHA had a single-day net outflow of $116 million, with historical cumulative net inflows of $12.920 billion; Grayscale's ETHE had a net outflow of $25,767,600, with historical cumulative net outflows of $5.467 billion. Current total net asset value of Ethereum spot ETFs is $16.402 billion, with a net asset ratio of 5.22%, and historical cumulative net inflows of $13.389 billion.
AguilaTrades, with cumulative losses of $37.64 million, returns after six months of silence to go long BTC with 40x leverage
According to Lookonchain monitoring, AguilaTrades, which has suffered 33 liquidations and cumulative losses of $37.64 million, has returned to the market after more than six months of silence. It deposited 499,000 USDC into Hyperliquid and opened a 40x leveraged long position on 200 BTC (worth $16.58 million), with a liquidation price of $81,466.75.
U.S. government address transfers $448 million in BTC to Coinbase, cumulatively moving $670 million in crypto assets within 32 hours
According to on-chain analyst Yu Jin's monitoring, the U.S. government address continued to transfer 5,382.1 BTC ($448 million) to Coinbase Prime from last night to the early hours of this morning. Within 32 hours, it cumulatively transferred about $670 million in tokens, including 6,215.7 BTC ($520 million), 119 million USDT, and 40,285 BNB ($31.63 million), of which all BTC and USDT entered Coinbase Prime.
Whale pinosaur.eth liquidates ETH held for 9 years, profiting $24.21 million with a 65x return
According to on-chain analyst Yu Jin's monitoring, whale pinosaur.eth liquidated 9,618 ETH ($24.58 million) held for 9 years 6 hours ago and transferred them to Kraken, profiting $24.21 million (65x). Its ETH can be traced back to April 2017, when 7,459 ETH were withdrawn from Bitfinex at a price of only $50.
A whale transfers 4,500 BTC worth about $376 million after more than four years of inactivity
U.S. government address transfers $165 million in assets within 24 hours, including 1,583.8 BTC to Coinbase Prime
According to on-chain analyst Yu Jin's monitoring, the U.S. government address transferred $165 million in assets over the past 24 hours, including 1,583.8 BTC worth $134 million that entered Coinbase Prime. After first transferring $103 million in assets, 15 minutes ago it transferred another 750.2 WBTC ($62.34 million) to Coinbase Prime.
Hyperliquid development team redeems 3.75 million HYPE worth $332 million, part of which is restaked
According to on-chain analyst Yu Jin's monitoring, Hyperliquid development team HyperLabs redeemed 3.75 million HYPE ($332 million) 8 hours ago. Four hours ago, after distribution through 5 wallets, the funds were consolidated into address 0x875...1d1 (suspected to be the institution that bought off-market). Of this, 1.25 million HYPE ($110 million) was redeposited for staking, and 2.5 million HYPE ($220 million) remained in the wallet.
Ark Invest sells 151,903 shares of Robinhood stock worth $16.6 million