727 FinanceUpbit will list GTC token on the Korean won and USDT markets. The South Korean crypto exchange Upbit will list the GTC token on the Korean won and USDT markets, with trading set to begin at 19:30 local time on October 12. UK Bitcoin treasury company The Smarter Web Company conditionally raises £10 million, with part of the funds intended to increase BTC holdings. UK Bitcoin treasury company The Smarter Web Company announced that it has conditionally raised £10 million (approximately $13.2 million) through a preferred share issuance. The company plans to use approximately £4 million (approximately $5.3 million) of the net proceeds to continue increasing its Bitcoin holdings. It is reported that the preferred shares are expected to be listed for trading in London on October 14, with an initial annual dividend rate of 12%, paid weekly. Musk: Only
Upbit to list GTC token on KRW and USDT markets
South Korean crypto exchange Upbit will list the GTC token on its KRW and USDT markets, with trading set to begin at 19:30 local time on October 12.
UK bitcoin treasury company The Smarter Web Company conditionally raises £10 million, with part of proceeds intended to increase BTC holdings
UK bitcoin treasury company The Smarter Web Company announced it has conditionally raised £10 million (approximately $13.2 million) through a preferred share issuance. The company plans to use approximately £4 million (approximately $5.3 million) of the net proceeds to continue increasing its bitcoin holdings.
The preferred shares are expected to be listed for trading in London on October 14, with an initial annual dividend rate of 12%, paid weekly.
Musk: Only OpenAI, Anthropic and Cursor have sufficient programming training data
When discussing the reasons for acquiring AI programming company Cursor, Musk said that to build truly excellent superintelligence, a large amount of training data is needed, and "programming must be conquered." Musk said that as far as he knows, only three organizations have sufficient programming training data: OpenAI, Anthropic and Cursor, with Google barely qualifying. Musk's SpaceX completed its acquisition of Cursor on August 14 for consideration of approximately $60 billion.
CZ: Will not charge meeting fees, reminds users not to pay intermediaries or scammers
Former CryptoBilis head denies involvement in Ledger security incident: exited operations after acquisition and has no system access
Arravind Prabu, former head of crypto hardware wallet dealer CryptoBilis, issued a statement saying that in response to recent discussions involving CryptoBilis and Ledger, he and Vimalatheethan formally handed over all operational, management and administrative responsibilities of the company in March 2026.
Arravind said CryptoBilis had previously been acquired by a new team, and since the handover, the two have not held any access rights or management control over the company's backend systems, customer databases, order records or corporate communication channels. He added that during some industry events after the acquisition was completed, the two assisted the new management team in the transition as consultants and coordinators, but did not participate in daily operations or IT infrastructure management.
Earlier reports said that a Ledger hardware wallet purchased by a CryptoBilis customer was suspected of suffering a supply chain attack, resulting in asset losses. Arravind said that under the acquisition agreement, the parties had originally planned to issue a joint announcement before mid-October 2026, and the supplier had previously been informed of the acquisition and the new management structure.
Evercore ISI bullish on Robinhood's tokenized assets and long-term crypto potential, maintains "Buy" rating,
Investment bank Evercore ISI said Robinhood's stock has underperformed the market this year, but its shares still have investment value, and gave it a "Buy" rating.
Evercore ISI believes that Robinhood's expansion in digital assets, prediction markets, tokenized assets and other areas, as well as user growth and business diversification, are expected to be factors driving the company's long-term development. The institution said the market may currently be underestimating Robinhood's future growth potential. Previously, Robinhood continued to advance its crypto business layout and launched related products including tokenized stocks.
UK and US coordinate AI model testing access; Trump previously restricted model sharing
UK AI Minister Kanishka Narayan announced on Monday that the UK has been working closely with the US government to ensure that the UK AI Safety Institute continues to have access to test the most powerful AI models before release. In a speech in London, he said: "I want the UK to be one of the countries in the world most resilient to AI attacks."
Last month, media reports said the Trump administration had asked OpenAI and Anthropic to hold off providing AI models to the UK until US authorities first deemed those models safe. Trump has been tightening global access to Silicon Valley AI models. Earlier this year, the US government barred Anthropic from releasing its latest model to foreign nationals. Prior reports said Anthropic did not provide the latest version of its powerful Mythos model to the UK AI Safety Institute and offered no explanation.
AI-native infrastructure company Infinigence AI completes RMB 2.3 billion Series C financing, cumulative financing exceeds RMB 4.3 billion
AI-native infrastructure company Infinigence AI completed RMB 2.3 billion (approximately $344.2 million) in Series C financing, with cumulative financing exceeding RMB 4.3 billion (approximately $643.6 million). Hangzhou High-tech Jintou, Social Security Zhongguancun Fund, Zhuhai Technology Industry Group, Xuhui Capital, Tencent, Baidu, Lenovo, as well as financial investors including Sequoia China, Qiming Venture Partners and Shunwei Capital all participated. Earlier in early October, the company had confidentially submitted an IPO application to the Hong Kong Stock Exchange, planning to raise several hundred million dollars and list as early as the first half of 2027.
Goldman Sachs turns bullish on stocks and bonds: bullish on bonds over the next year, favors AI-related stocks
Goldman Sachs has adjusted its equity rating to "overweight" for the next three months, while adjusting its bond rating to "overweight" for the next 12 months.
Goldman Sachs said improving valuations, resilient corporate earnings and slowing inflation trends will support market performance through 2027. However, the institution also warned that rising yields and geopolitical risks may continue to push up market volatility. In terms of equity allocation, Goldman Sachs favors AI-related stocks and some high-dividend names.
Arkham tags Justin Sun's on-chain assets: holdings across 10 chains reach $2.25 billion
Blockchain data platform Arkham said it has tagged Justin Sun's wallet addresses on 10 blockchains, with on-chain assets totaling approximately $2.25 billion.
Arkham said Justin Sun is the founder of TRON, CEO of BitTorrent, and owns two crypto trading platforms. In a ranking published in September, the platform's research team listed Justin Sun as the individual holder with on-chain holdings second only to Bitcoin founder Satoshi Nakamoto.
Analyst: Market absorbed about 220,000 BTC last week, exchange net outflows show buyers in control
CryptoQuant analyst Axel Adler said the bitcoin market absorbed a total of 220,374 BTC last week, while exchange net flows recorded -3,863 BTC.
Adler noted that although a large amount of BTC still flowed into exchanges during the period, exchange net flows were negative, meaning more BTC flowed out of exchanges than in, reflecting that market buyer demand exceeded seller selling pressure.
He said the market is still able to absorb new supply against a backdrop of high capital flows, indicating that some investors are absorbing market selling pressure. However, exchange flows and changes in market supply and demand still need to be continuously monitored to judge the direction of the subsequent market.
Strategy discloses purchase of 250 bitcoin last week
Strategy disclosed that it purchased 250 bitcoin last week, bringing total holdings to 848,250.
A mysterious whale sells 229 BTC and buys 7,469 ETH
A mysterious whale once again sold 229 BTC, worth about $19.1 million, and converted the funds into buying 7,469.8 ETH, also worth about $19.1 million.
Previously, the whale had made multiple position adjustments between BTC and ETH. This transaction shows it continues to reduce BTC holdings and increase ETH exposure, and the market is watching the address's subsequent moves.
Solana treasury company SkyAI liquidates reserves, transfers 211,623 SOL to Coinbase Prime half an hour ago
Solana treasury company SkyAI, which holds 2 million SOL, is liquidating reserves and transferred 211,623 SOL to Coinbase Prime half an hour ago.
An announcement they released yesterday said they had recently sold about 1 million SOL. Combined with the 211,000 SOL just transferred to the exchange today, they should have sold a total of about 1.25 million SOL ($138 million) over the past five days.
DeepSeek plans to lead investment in a startup founded by a former Tencent AI scientist, Winverse AI valuation may reach $400 millionAI research institution DeepSeek plans to lead the seed round financing of robotics AI startup Winverse AI, with an investment size in the tens of millions of dollars.
Sources said Winverse AI was founded by a former top AI scientist at Tencent and is currently operating in stealth mode. In addition to DeepSeek, investors including Meituan's investment arm Long-Z Investments also participated in this round, and the company's valuation after the investment is approximately $400 million.
DeepSeek will use part of its more than $12 billion in financing funds to support this investment, betting on the rapidly developing field of artificial intelligence and robotics technology. This investment shows that DeepSeek's strategic direction is extending further from large language models to the field of Embodied AI. As AI model capabilities develop toward real-world interaction and robot control, robotics AI has become a new focus of industry competition.
It is reported that DeepSeek previously attracted global attention with low-cost, high-performance large models and continues to expand investment in AI infrastructure and technology R&D.
Michael Saylor discloses capital structure data: MSTR USD duration 3.5 years, another $192 million STRC repurchase
Strategy founder Michael Saylor posted on X platform that it recently repurchased another $192 million of STRC (STRC is a USD income-type preferred stock issued by Strategy). Based on the current BTC price of $82,252, Strategy's MSTR USD Duration is 3.5 years; under the assumptions of a 10% BTC annualized return rate (BTC ARR) and 40% BTC volatility, the BTC Credit spread corresponding to STRC is 52 basis points. As of October 11, 2026, Strategy holds a total of 848,250 BTC and also holds $5.5 billion in USD assets.
U.S. pre-market news overview: International oil prices rise collectively, Musk says only 3 companies have enough programming training data
Before the U.S. market open, the key market financial news investors need to focus on is as follows:
1. U.S. three major stock index futures are mixed. Dow Jones Index futures rose 0.09%, S&P 500 Index futures rose 0.02%, and Nasdaq 100 Index futures fell 0.26%.
2. International oil prices rose collectively. WTI crude oil futures rose 1.78% to $93.483/barrel; Brent crude oil futures rose 1.64% to $106.434/barrel.
3. International gold and silver spot prices both fell. Spot gold fell 0.79% to $4,161.34/ounce; spot silver fell 0.44% to $60.52/ounce.
4. Europe's three major stock indices all rose. UK FTSE 100 rose 0.83%, France's CAC40 rose 0.49%, and Germany's DAX30 rose 0.82%.
5. Apple's Chief Operating Officer said the team has been advancing manufacturing development for its first foldable phone, iPhone Duo, and is currently scaling production in line with Apple's consistent high quality standards.
6. Musk said that to build truly excellent AI, a large amount of training data is needed, and programming must be mastered. Only three organizations have enough programming training data: OpenAI, Anthropic, and SpaceX's Cursor, with Google barely counting as well.
7. Tesla's second-generation Roadster will be released on Thursday, and market rumors say the sports car will have hovering flight capability.
8. Broadcom's CEO said AI computing demand will exceed supply over the next two years, but most companies' investment in AI computing has no return.
9. Cloud computing service provider IREN rose more than 4% pre-market. Reports say the company has reached a multi-year cloud agreement with Anthropic.
10. Bernstein expects U.S. new electricity demand of about 1,000 terawatt-hours between 2025 and 2030. Among this, data centers are expected to account for more than half of the new load.
11. The 2026 Nobel Prize in Economics was announced: Stanford University economist Robert E. Hall and Columbia University economist Michael Woodford won the award for their research on the microeconomic foundations of macroeconomic stability.
Morgan Stanley: Moderate CPI may help U.S. stocks catch their breath, bond market front-loads tightening for the Fed
Morgan Stanley believes that as global bond yields continue to climb, the bond market is front-loading part of the tightening process that would otherwise need to be achieved by the Federal Reserve through policy rates. This may reduce pressure for further rate hikes in the future and provide room for relief in the stock market.
Morgan Stanley Chief U.S. Equity Strategist Mike Wilson said the U.S. 10-year Treasury yield has risen about 120 basis points since February, and financial conditions have tightened significantly. He believes that if the current market-based tightening is already enough to slow economic demand, the Fed may not need to control inflation through further policy rate hikes in the future. Investors currently need to focus on two indicators: financial stocks' performance and bond market volatility (MOVE Index).
He said that recently higher long-term rates, a stronger dollar, and rising oil prices have driven tighter financial conditions. Compared with the absolute level of the 10-year U.S. Treasury yield, the speed of the yield increase and bond market volatility deserve more attention. If the pace of yield increases slows and bond volatility declines, the market may reassess previous expectations of excessive tightening.
In addition, Wilson believes that the upcoming U.S. September CPI data may become a key market catalyst. If inflation continues to moderate and decline, it may reduce market expectations for further increases in long-term rates and continued Fed rate hikes, providing support for the bond market. The current market focus is not whether yields are at a high level, but whether the pace of yield increases is slowing, whether bond volatility is declining, and whether the financial sector can prove that the economy can still absorb a high-rate environment. If CPI data are moderate and bond pressure eases, the Fed may gain more room for policy observation, and the stock market may also usher in broader upside opportunities.
Trader Killa: BTC short-term holder supply reaches overheated level, market structure similar to late-2023 bottom phase
Trader Killa said the current market structure is quite similar to previous cycles, and investors should not rely too heavily on the Fear and Greed Index to judge market direction. Killa said market sentiment may remain irrational for a long time, and short-term sentiment indicators do not necessarily reflect long-term trends.
Killa pointed out that Bitcoin short-term holder (STH) supply recently reached an "overheated" level. This situation is similar to the trend after the market broke away from the macro bottom in 2023 and may be another signal that a market bottom is forming. After Bitcoin short-term holder supply reached a similar high in 2023, BTC price continued to rise and remained upward in the higher time frame (HTF) trend.
Strategy currently has unrealized gain of about $6.536 billion, Bitmine has unrealized loss of about $4.781 billion
Last week, Bitcoin treasury company Strategy increased its holdings by 250 BTC, with a purchase amount of about $21.55 million and an average purchase price of about $86,194/BTC. As of now, Strategy holds a total of 848,250 BTC, with a holding value of about $70.532 billion, an average cumulative purchase cost of $75,444/BTC, a current unrealized gain of about $6.536 billion, and a return of about 10.2%.
At the same time, Ethereum treasury company Bitmine last week increased its holdings by 12,532 ETH, with a purchase amount of about $32.6 million and an average purchase price of about $2,601/ETH. Currently, Bitmine holds about 6,028,946 ETH, with a holding value of about $15.319 billion, an average cumulative cost of $3,334/ETH, a current unrealized loss of about $4.781 billion, and a loss magnitude of about 23.8%.
SoftBank-backed fintech company OPay plans to raise about $500 million in a U.S. listing
SoftBank-backed fintech company OPay Digital Services Ltd. plans to raise about $500 million through a New York IPO and private placement.Sources said the financing includes a concurrent private placement of about $200 million, with Standard Bank Group as the investor. The sources requested anonymity because the information has not yet been made public. OPay mainly provides mobile payments, digital finance and other services. If the U.S. listing plan proceeds, it will make OPay another SoftBank-backed company seeking financing in the public capital markets.
The Federal Reserve enters its blackout period ahead of the October meeting, and the U.S. Treasury market is closely watching Warsh's remarks and the inflation report.
U.S. bond market traders are waiting for the latest CPI data and comments from Federal Reserve Chairman Warsh to judge how quickly the Fed will continue raising rates. This month's nonfarm payrolls report showed a marked slowdown in job growth, prompting traders to expect the Fed to keep rates unchanged at its next meeting at the end of October, limiting the scale of the bond selloff.
The market still expects a 25 basis point rate hike in December, followed by two more hikes through the end of 2027. Such market pricing also means that if the September consumer price index rises more than expected, it will increase pressure on the Fed to accelerate the pace of rate hikes and may reignite a bond selloff. The Fed will enter its routine blackout period starting Saturday, and its two-day policy meeting will end on October 28.
Analysis: Bitcoin stabilizes after retesting $81,300, with CPI and ETF flows to determine the next direction.
Bitfinex Alpha released its latest report saying whether Bitcoin can break through $84,500 this week depends crucially on whether U.S. CPI data eases interest rate pressure and whether spot buying can strengthen.
The report shows that BTC previously fell from a high of $87,197 on October 2 to $80,347, then recovered the key support level of $81,300. On October 8, about $1.18 billion of leveraged positions were liquidated in the market, and leverage levels fell noticeably. Future price action will depend more on spot demand.
Bitfinex noted that the current average cost for Bitcoin ETF investors is about $84,340, which may become a short-term rebound resistance level. If core CPI comes in below expectations and pushes yields lower, BTC is expected to break through $84,500 and retest $87,722; if it falls below $81,300, it may further decline to around $77,400.
Liang Wenfeng is paying close attention to the embodied intelligence sector, and DeepSeek is considering entering.
According to multiple different sources, Liang Wenfeng has recently been paying close attention to the embodied intelligence sector and has communicated with many entrepreneurs in the field, discussing directions such as robots, large models and interaction with the real world. People familiar with the matter said that Liang Wenfeng is currently considering whether DeepSeek should further enter the embodied intelligence sector. Options may include personally forming a team to conduct research and development, or entering through investment in related companies.
A whale swapped BTC for 16,704.47 ETH over the past 22 hours, worth $42.46 million.
A whale accumulated a swap of BTC for 16,704.47 ETH over the past 22 hours, worth $42.46 million, at an average price of $2,541.89. This "UBTC-to-ETH switcher" is using its position to express that it is more bullish on ETH's near-term performance than BTC.
OpenAI may restart the Sora video model and has held cooperation talks with AI companies.
OpenAI is exploring the possibility of relaunching the Sora video generation model and has held talks with a stealth startup focused on AI video technology for filmmaking.
The report said OpenAI had previously paused development of the Sora model and its accompanying TikTok-like video app as part of a plan to cut high-server-consumption "side projects." Meanwhile, competitors such as xAI and Google continue to advance AI video generation technology.
Sources said a startup currently developing AI video tools for the filmmaking sector may cooperate with OpenAI to help bring Sora-related technology back to market.
After Sora was released in 2024, it attracted widespread attention for its text-to-video capabilities and sparked extensive exploration of AI-generated video applications. If this potential cooperation proceeds, it may mean OpenAI is once again increasing its investment in the AI video generation field.
Viewpoint: Bitcoin needs to hold the key $80,000 area, otherwise it may pull back to $76,000-$78,000.
Trader Killa posted that Bitcoin bulls need to enter in the current area, otherwise BTC may face the risk of falling below $80,000 and further correction.
BTC has previously broken above the upper edge of its trading range and is now retesting whether the range structure is valid. If the price falls back below the range and fails to recover, it may mean the previous breakout failed and the market structure will be damaged. The market has already experienced about $2 billion in liquidations and does not need to seek liquidity again by sweeping lows. If there is another sharp decline, it may instead reflect market weakness rather than a healthy correction.
The current area around $80,000 is key for BTC to continue rising, and bulls need to show absorbing strength. If buying is insufficient, the recent defense of the $80,000 support may merely attract funds into the range, after which the price may fall back toward the $76,000 to $78,000 area.
Another central bank turns to "selling gold": U.S. Treasury yields are rising, and dollar assets are becoming more attractive.
The National Bank of Kazakhstan is shifting from a major global gold buyer to a seller, planning to reduce gold's share of its foreign exchange reserves from about 78% currently to 75% by the end of this year. Persistently rising U.S. Treasury yields are prompting the country to reassess the allocation ratio between gold and dollar assets.
As Kazakhstan adjusts its reserve structure, the trend of global central banks continuing to increase gold holdings in recent years has not yet fully reversed. World Gold Council data show that in the first eight months of 2026, the National Bank of Kazakhstan was the world's fourth-largest gold buyer, while Poland, China and Uzbekistan were the main buyers during the same period. An important backdrop for central banks increasing gold holdings is the emphasis on reserve asset diversification after the 2008 global financial crisis. In 2022, Western countries froze a large amount of Russia's foreign exchange reserves, further prompting some central banks to reassess their reliance on traditional foreign exchange assets.
But after the U.S.-Iran war broke out at the end of February this year, energy supplies were disrupted and import costs rose, increasing market demand for dollars. Countries such as Turkey and Russia had already sold some gold earlier this year, showing that central banks' gold holdings do not only rise and never fall, but are also affected by liquidity needs and asset allocation goals.
Tom Lee: There may be $2 trillion in wealth transfer over the next 3 years, and crypto asset demand may benefit.
Tom Lee, chairman of Bitmine Immersion Technologies, said the generational wealth transfer taking place in the coming years may become an important factor driving the next round of crypto market demand. According to data from the U.S. Internal Revenue Service (IRS) and Fundstrat research, about $1.5 trillion to $2 trillion in wealth is expected to be transferred between generations from 2026 to 2028. Because younger investors inheriting wealth usually have a higher risk appetite, they may increase allocations to risk assets such as crypto assets and stocks.
Tom Lee added that Wall Street's accelerated adoption of blockchain technology for asset tokenization, the development of AI applications and treasury companies that hold crypto assets for the long term may also become drivers of future market growth.
UK High Court rules that Chinese law applies to Bitcoin claims in the Qian Zhimin case; victims may miss out on huge gains.
The UK court has issued an important ruling in a cross-border asset recovery dispute involving more than 61,000 bitcoins tied to the illegal fundraising case of Tianjin Lantian Gerui in China. On October 12 local time, Caixin obtained the judgment from the UK High Court, which showed that the High Court ruled that property rights claims raised by Chinese investors over the bitcoins involved should be judged according to Chinese law rather than English law. This means that about 16,000 Chinese victims who have participated in the UK recovery proceedings may be unable to share in the huge gains from the surge in Bitcoin prices through English law and may at most recover principal and interest.
Meta launches new models in the Muse Wonder series, saying agent task performance leads the field.According to Meta's official press release, Meta has launched the Muse Wonder series of models, including Muse Wonder and Muse Wonder Full, which it calls its most capable models to date, achieving industry-leading performance on personal and professional agent tasks. The new models strengthen capabilities in professional domains such as law, finance, and healthcare, as well as frontier coding capabilities, and introduce Active Memory (retaining key information across conversations) and Active Focus (continuously advancing and correcting errors in complex tasks). Muse Wonder is available starting today through the Meta Model API and Muse Code, and will subsequently support more Muse products, launching first for subscribers. Meta said the series builds on Muse Spark and is the latest result since it began restructuring its AI business 14 months ago.
NFT marketplace Blur will deprecate its frontend on November 12, and Blend will stop matching new loans
Blur posted on X that the blur.io frontend will be deprecated on November 12, 2026. The deprecation involves only the frontend; the Blur marketplace protocol will continue to run on-chain, and BLUR will still control its fee switch. In addition, NFT lending protocol Blend will stop matching new loans on the same day, and borrowers must repay before then or allow their loans to default; afterward, Blur will provide frontend tools to help users withdraw assets from Blend. Blur also reminded users to beware of impersonating accounts and fake announcements. OKX market data shows BLUR is currently at $0.0194, down 7.75% in 24 hours.
SpaceXAI unifies Grok, Cursor, and X Premium subscription plans
SpaceXAI (SpaceX Super Intelligence) posted on X that it has launched a unified subscription service, The X Subscription, integrating the subscription plans of Grok, Cursor, and X Premium. Users can perform AI coding in Cursor, handle work tasks through Grok Bot, use Grok chat and creation, and enjoy all X Premium features. The subscription offers five tiers, from a free version to an Ultra version, and the company says each tier provides more usage per dollar of its own models than the comparable plans it replaces. Existing subscribers can keep their original plans or switch to the new plans and link their Grok, Cursor, and X accounts; the new plans will roll out gradually. Previously, SpaceX completed its acquisition of AI coding company Cursor in August.
Standard Chartered's Dubai branch launches RLUSD custody service, plans to support it as LMAX trading collateral
Standard Chartered has launched institutional custody services for Ripple's USD stablecoin RLUSD on the XRP Ledger through its DIFC branch regulated by the Dubai Financial Services Authority (DFSA). Standard Chartered is also working with Ripple and LMAX Group on a plan to use a "collateral mirroring" model so that clients' RLUSD held in custody at Standard Chartered can serve as eligible collateral for some LMAX products without transferring assets to the trading platform. The arrangement still requires final documentation, testing, regulatory requirements, and internal approvals, and no launch date has been announced. Previously, Standard Chartered announced plans to provide custody services for crypto assets, stablecoins, and tokenized RWAs through its Singapore branch.
Musk has donated more than $275 million in recent months to support Republicans in the midterm elections
Musk has invested more than $275 million in recent months to support Republicans in retaining control of Congress in the November U.S. midterm elections, with some payments not yet disclosed in campaign finance records. A spokesperson confirmed the donations on Monday. People familiar with the matter said Musk donated $158 million this summer to the Senate Leadership Fund, which supports Republican Senate candidates, and injected tens of millions of dollars into the America PAC he founded. The committee has run campaign ads in multiple states and has identified at least a dozen competitive House seats as key advertising targets.
South Korean stock index plunges 5%, SK Hynix falls more than 7%, Samsung Electronics falls nearly 6%
STRK has fallen more than 28% in the past 24 hours, while LIT, ENA, NEAR, and W are down about 15%
OKX market data shows STRK has fallen 28.94% in the past 24 hours; LIT, ENA, NEAR, and W have each fallen about 15% in the past 24 hours; CFX has fallen 17% in the past 24 hours; ONDO, LDO, ICP, WLD, FIL, and UNI have each fallen more than 10% in the past 24 hours.
Tom Lee: South Korean stock market crash may spill over into crypto market, ETH under short-term pressure
Tom Lee posted on X that the sharp decline in the South Korean stock market may spill over into the cryptocurrency market. He noted that margin liquidations are occurring at South Korean brokerages, and South Korean investors are major holders of cryptocurrencies, so ETH will face selling pressure in the short term.
Trader AguilaTrades, with cumulative losses of $38 million, reopens a short position on BTC
Trader AguilaTrades (@AguilaTrades), with cumulative losses of $38 million, has re-entered the market, opening a 40x leveraged BTC short position 4 hours ago sized at 124.24 BTC (about $10.14 million), currently with an unrealized profit of $165,000 and a liquidation price of $83,432.22.
OpenAI Codex lead Tibo announces a global reset, effective before midnight U.S. Western time on October 12
According to a post by OpenAI Codex lead Tibo (@thsottiaux), in a follow-up reply to "Day 8/ Reset," he announced that a global reset will be carried out and said it will take effect by end of day Pacific Time (EOD PST), corresponding to midnight U.S. Western time on October 12 and around 3 p.m. Beijing time on October 13.
DeepSeek to complete RMB 100 billion financing
Large model company DeepSeek will soon complete its latest financing round, with the amount raised increased from the previously planned RMB 50 billion to about RMB 100 billion. This is DeepSeek's second financing round, and the proposed amount has doubled in less than half a month. Of this, proposed investment amounts from new and existing shareholders each account for about half. The doubling of the financing scale did not affect the overall valuation; DeepSeek's pre-money valuation remains about RMB 500 billion. New investors in this round include Shixi Capital, SMIC Capital, CPE, Legend Capital, Geely, and others, mainly industrial investors.
South Korea decides to block websites of 27 unregistered crypto platforms including KuCoin and MEXC
South Korea's Financial Intelligence Unit (FIU) said that the relevant deliberative body has decided to block domestic access to or terminate services for the websites of 27 unregistered virtual asset service providers, including KuCoin, MEXC, BingX, Phemex, and BitMart. Previous restrictions already covered app downloads, installations, and updates; this expansion now covers websites. The FIU has reported 44 unregistered operators to investigative authorities and will continue to block alternative URLs.
A whale or institution has cumulatively sold 837.8 BTC and bought about $69.68 million of ETH
A whale or institution has cumulatively sold 837.8 BTC and bought about 27,500 ETH, with a total value of about $69.68 million and an average ETH purchase price of about $2,534. The entity transferred BTC withdrawn from HTX about a year and a half ago to Hyperliquid and sold it for USDC, then withdrew the USDC to Arbitrum and bridged it to Ethereum, buying ETH on-chain.