Oct 24 Saturday
Strategy, Strive and other bitcoin treasury companies have acquired 135,979 BTC, over 0.5% of the maximum supply, backed by a roughly $12 billion perpetual preferred stock market. Analysts note that while preferred stock eases refinancing pressure and attracts income-focused investors, its continued use depends on trading near par value and could amplify market cycles.
Strategy and Strive are managing the dual challenge of acquiring bitcoin while meeting dividend payments on preferred stock. These securities have funded the purchase of nearly 136,000 bitcoin, creating a funding channel that analysts expect to complement the larger ETF market.
According to Lookonchain monitoring, a whale holds a long position of 93,184 ETH, valued at approximately $214 million. If the market continues to decline, the position could be liquidated at prices of $2,256.45 and $2,226.53.
According to Catcher Predict monitoring, the 'Legacy' option for the 'Map 2 Winner' sub-market in the Counter-Strike match between Legacy and Nemiga at PGL Masters Bucharest has dropped from 65.5% to 30.5% within an hour. Users are advised to watch for breaking news that may affect the market.
Block has introduced a voice AI that sounds remarkably human, prompting mixed reactions. While some marvel at its realism, others worry it could enable scams and deception, and CZ has suggested potential uses in children's education.
Bitcoin dropped below $80,000 for the first time in over a month, facing weekend selling pressure. The decline coincided with U.S. evacuations in the Middle East, contributing to market uncertainty.
Blockaid reported that the X100 project on Ethereum is under attack, with two transactions extracting approximately 4.85 million USDT. One attacker seized two of three governance seats and sold 400,000 X tokens into a self-created empty pool, while another attacker destroyed a Uniswap V3 liquidity position held by the Freezer contract.
According to Arkham monitoring, a whale liquidated positions in ENA, MNT, ETH, and LDO purchased about four months ago, selling for approximately $2.597 million against a cost basis of $2.257 million. The trades resulted in a net profit of about $340,000, with ENA contributing a $513,000 gain while ETH and MNT incurred losses.
Shaw, founder of daos.fun, alleged that core member baoskee sold ai16z tokens using insider information about the project's renaming and migration, earning about $6.6 million. baoskee denied the allegations, stating that the Snapshot vote was launched and that daos.fun added over $1 million in liquidity, while accusing Shaw of rug-pulling multiple projects.
According to CoinGlass data, the Coinbase Bitcoin Premium Index has remained negative for 31 consecutive days, latest at -0.1353%, indicating weak buying interest in the U.S. market. The index, which measures the Bitcoin price gap between Coinbase Pro and Binance, previously turned positive on August 24 at 0.0052%, ending a record 97-day negative streak.
A judge in Argentina has closed the criminal investigation into President Javier Milei regarding his promotion of the LIBRA memecoin. The judge determined that Milei's actions did not constitute fraud, despite the increased attention his support brought to the token.
According to Binance spot data, AVA rose 8.23% and WOO gained 5.13% over 24 hours. WCT dropped 11.31% after a surge, while F fell 6.54%, and tokens including ZRX, ATOM, AERO, SYRUP, MARSCOIN, and CFX hit new daily lows with declines between 5.24% and 11.34%.
RWA Inc. CEO Kevin Yunai will host an exclusive AMA for $RWAINC holders. A brochure with answers to 42 pre-submitted questions has been shared with community representatives.
According to Coinglass data, the crypto market recorded $192 million in liquidations over the past hour, with long positions accounting for $184 million and short positions $8.42 million. BTC saw $57.7 million in liquidations and ETH $52.76 million, while NEAR recorded $13.02 million.
According to Gate market data, ETH/USDT is trading at $2,350. The pair has recorded a 2.07% decline over the past 24 hours.
Seamus Rocca, CEO of Xapo Bank, told CoinDesk that long-term investors are increasingly prioritizing borrowing against bitcoin and earning income to build their BTC holdings. This shift reflects maturing investment habits among wealthy bitcoin holders.
According to Coinglass data, if Bitcoin falls below $79,000, cumulative long liquidation intensity on major centralized exchanges would reach $855 million. Conversely, a breakout above $82,000 would trigger cumulative short liquidation intensity of $519 million, with the liquidation chart illustrating the relative strength of liquidation clusters rather than exact contract values.
Lido has launched the 0x02 CSM, enabling permissionless operation of validators with up to 2048 ETH effective balance. Operators provide bonds instead of self-staking, with an initial key requiring 32 ETH and subsequent keys 30 ETH, and the module starts with a share cap of 0.01% of Lido Core TVL.
Uniswap Labs has introduced Aggregator Hooks, connecting external decentralized exchange quotes into its v4 routing system across Ethereum mainnet, Base, and Robinhood Chain, with seven external sources at launch. The routing engine compares quotes block by block and settles swaps within a single transaction, while routed swaps generate protocol fees that support UNI burning.
Fidelity Digital Assets research analyst Zack Wainwright noted that as of October 12, Bitcoin had risen nearly 50% from its June bear market low of about $58,000, similar to its 2022 recovery path. He cautioned that returns are narrowing each cycle and past performance does not guarantee future results, but significant dollar-denominated gains remain possible, and the move from $100,000 to $200,000 could be much faster than the nearly 16 years it took to first reach $100,000.
Yi Lihua, founder of Liquid Capital, stated that while the crypto industry is in a downturn with talent and capital drawn to AI, the overall market trend remains bullish. He noted his accurate prediction of a pullback near $86,000 over the past two months and emphasized patience as the best strategy, citing a single notable error since calling to buy ETH at $1,450 over a year ago.
President Zelensky announced that all restrictions on Starlink have been fully lifted. The statement was reported by ChainCatcher and did not specify further details.
On-chain data monitored by Catcher Predict shows a large transaction on prediction market Polymarket. A whale bought $210,870.26 worth of 'no change' in the 'Fed October decision' event, with the latest implied probability at 94%.
Bitcoin closed below its 50-day moving average at around $80,600, ending a 66-day streak above the line, while remaining about 10% above its 200-day moving average. U.S. spot Bitcoin ETFs recorded net outflows of $137.9 million on Friday, following $635.6 million on Thursday, totaling approximately $773.5 million over two days.
Tether announced that its open-source Mining Development Kit (MDK) has secured joint support and integration commitments from 15 leading mining companies, ASIC manufacturers, and mining pools, including Bitmain, Bitdeer, Canaan, MicroBT, Foundry Digital, F2Pool, Luxor, and Block's Proto. The kit aims to accelerate AI- and software-driven cross-platform automated dispatch and autonomous operations for physical mining infrastructure, with version 0.11 released at the Plan â‚¿ Forum in Lugano and a stable 1.0 release targeted by the end of 2026.
Bitcoin's realized capitalization is increasing, indicating new capital entering the market. Historically, such rises often precede new bull markets, as realized cap reflects the aggregate cost basis of holders.
Peter Hughes, founder and CEO of Apex Group, said that continued delays in US crypto legislation could drive digital asset business to Asia, the Middle East, and Bermuda, which are moving faster to fill the regulatory gap. The CLARITY Act, which aims to clarify federal digital asset rules and divide oversight between the SEC and CFTC, failed to secure the 60 votes needed to advance in the Senate in September due to disputes over ethics provisions and stablecoin rewards.
Apex Group CEO Peter Hughes warned that the failure of the U.S. Clarity Act will drive digital asset businesses toward faster-moving jurisdictions in Asia and the Middle East. He noted that these regions offer more favorable regulatory environments, giving them a competitive edge.
Ethereum staking protocol Swell has paused deposits and withdrawals for swETH and rswETH until it corrects the tokens' net asset values and exchange rates, which were reported about 6% and 5% above normal levels. On-chain analyst Spreek suspected a compromise of admin keys and identified a malicious upgrade contract that could impact around 2,500 ETH, though Swell stated no ETH has been transferred out and the cause is under investigation.
Dogecoin Labs has been officially established with backing from the Dogecoin Foundation. Jordan Jefferson, founder of DogeOS, serves as CEO of the new entity.
The wallet associated with Abraxas Capital has achieved a cumulative profit of $193 million on Hyperliquid perpetual contracts, a record high. The profit is not purely directional, as positions are hedged with spot assets; the wallet holds about $207 million in USDC and has a cumulative trading volume of $5.43 billion.
Tether announced that 15 Bitcoin mining companies, ASIC manufacturers, and mining pools have committed to building and maintaining integrations for its open-source Mining Development Kit (MDK). The MDK aims to unify access to different mining infrastructures, with version 0.11 to be released at the Plan â‚¿ Forum in Lugano and the first stable version planned for late 2026.
Electrum has released version 4.8.3, addressing a critical security vulnerability, and urges all users to upgrade. Detailed information about the flaw will be disclosed later, and users are advised to download only from the official website and verify the GPG signature.
Crypto payment provider RedotPay announced the acquisition of Japanese crypto asset exchange BTCBOX and will use it to offer services compliant with Japanese regulations. RedotPay acknowledged its existing services for Japanese residents do not meet local regulatory requirements, has suspended new user registrations in Japan, and removed its app from Japanese app stores, while BTCBOX, established in 2014 and registered in September 2017, suspended all services after a customer data leak in January and has been resuming them in phases since August 3.
Aave executed a parameter change at block height 26,241,799, lowering the utilization kink from 94% to 92% to raise borrowing costs earlier when liquidity tightens. LlamaRisk recommended the adjustment on October 20; with a supply of 2.8922 billion USDT, the 92% utilization leaves about 57.84 million USDT more as an unborrowed buffer than at 94%.
The vulnerability, disclosed via GitHub advisory GHSA-p7v2-jjv3-8p8f, affects SP1 native Rust verifier versions 6.0 to 6.8.0 and could allow the mainnet Prover Network to accept invalid proofs. Succinct released a fixed version 6.8.1 on September 24 and deployed it to mainnet; the issue was discovered by Vitalis Salis and reported through the Immunefi bug bounty program.
According to Coinglass data, if ETH surpasses $2,484, cumulative short liquidation intensity on major centralized exchanges would reach $652 million. Conversely, if ETH falls below $2,259, cumulative long liquidation intensity would amount to $450 million.
Crypto analyst Ali Charts noted that Bitcoin saw drawdowns of 72%, 65%, 52%, and 27% during the 2010, 2014, 2018, and 2022 US midterm election cycles, respectively, with negative fourth-quarter returns in three of those four years. He highlighted $73,000, near the average purchase cost of short-term holders, as a key support level to watch for signs of demand re-emerging after the November 3 election.
Initia reported that an attacker exploited a MoveVM script cache vulnerability on October 23 to forge unsupported WETH, iUSD, and USDC balances, then transferred about $2.7 million in assets before the network was paused. The INIT token supply was unaffected, and Initia says a security fix is expected within days pending audit while asset recovery efforts continue with partners.
The U.S. SEC's innovation exemption for tokenized securities trading venues has prompted industry debate over blockchain eligibility, with Solana Policy Institute seeking tighter 'permissionless' definitions and Hedera advocating broader scope. Three firms have filed notices to operate, while 22 of 62 companies initially listed by OKXICE have objected to their stocks being tokenized.
Trader Dr Profit stated on X that each time Bitcoin reaches the target range marked on his chart, it presents an opportunity to further increase existing long positions. He is currently following this strategy, viewing the price range as a buying opportunity rather than a signal for panic selling.
SELF's Chrome extension has auto-updated to version 0.4.1. Users can earn prize draw entries by keeping the browser open after logging in with their SELF account.
Ethereum liquid staking protocol Swell has suspended deposits and withdrawals for its swETH and rswETH tokens after their net asset value and exchange rates deviated from market prices. The protocol stated that user funds are safe and will resume services after correcting the rates, without providing a specific timeline.
Iraq has closed the Shib border crossing, and Pakistan is intercepting Iranian trucks at Gabd and Taftan. These actions further strain Iran's economy after US naval blockades and airline sanctions already cut most sea and air routes.
Analyst Darkfost noted that spot Bitcoin ETFs recorded a net inflow of 5,183 BTC this week, a modest but positive figure. This has pushed the cumulative net flow for 2026 back into positive territory after most of the year saw outflows, with total net inflows since January reaching 10,784 BTC.
The Monetary Authority of Singapore announced that Bank Negara Malaysia and the Bank of Thailand have joined the BLOOM initiative as policy-making members. The public-private partnership, which includes Mastercard, Visa, Ripple, Circle, Coinbase, and the World Bank Group, will study currency reception, inter-institutional contracting, settlement, and system connectivity, with programmable controls for identity verification and sanctions screening.
According to monitoring by Liquid247.xyz, a Hyperliquid address (0x0622a2...8088) currently holds a long position of 8,841.65 ETH, with a notional value of $20.97 million. At the time of writing, ETH is priced at $2,371.90.
Bitcoin recorded a single-day inflow of approximately $2.6 billion to exchanges, the largest since April. The last time a similar inflow spike occurred, Bitcoin's price peaked within weeks.
According to Coinglass data, centralized exchange platforms recorded a net inflow of 46,928.46 BTC over the past seven days. Binance accounted for 37,394.58 BTC of the total, while Coinbase Pro and Kraken saw inflows of 1,447.9 BTC and 3,019.97 BTC, respectively.
According to Coinglass data, Binance saw a net outflow of 49.9571 million USDT within the past hour. The exchange's short-term fund flow turned negative as the stablecoin left the platform.
According to Catcher Predict monitoring, the probability of Ann Lee winning in the Polymarket sub-market for the Japan Women's Open match against Ashlyn Krueger dropped from 52.5% to 19.5% within an hour. The sudden 33% swing suggests possible breaking news affecting the event.
Arthur Hayes stated that Maelstrom has closed all positions in its directional trading book, securing profits on ETH, ENA, UNI, and other altcoins. He cited macroeconomic and geopolitical uncertainty, suggesting the market may need to fall before rising, and plans to remain on the sidelines until an all-clear signal.
Gate's Q3 report highlights CrossEx's quarterly trading volume rising 63% and trading users up about 315% from Q2. The platform added trading scenarios including major exchanges, Lighter contracts, real stocks and ETFs, while launching CrossEx Colo with latency cut by about 50% and fees reduced up to 50%.
Arthur Hayes is selling tokens totaling $22.28 million, including 6,400 ETH worth $15.2 million, 14 million ENA worth $2.76 million, and 323,000 UNI worth $2.24 million. The sales also include ETHFI, AERO, PENDLE, and ZAMA tokens.
At a BTC price of $80,646, Coinbase spot shows $33.17 million in sell orders versus $18.52 million in buy orders, a $14.65 million sell-side surplus. Binance spot, OKX perpetuals, and Hyperliquid perpetuals also display heavier selling, though at smaller scales, meaning thinner exchanges could see sharper price swings on large trades.
Flop Labs CEO Arthur Hayes said in an October 16 interview with LukeMartin that the crypto industry has abused tokenomics, with projects raising funds only to dump tokens after launch, causing retail investors to suffer losses of up to 95%. Hayes argued that retail investors are seeing through the high-FDV, low-float model, noting such tokens 'can't even pump on Binance anymore,' and he favors projects like Hyperliquid that have genuine product-market fit and return revenue to token holders.
Franklin Templeton has added approximately $150 million in tokenized money market fund shares to the XRP Ledger, increasing the total sgBENJI tokens on the network from about 48 million to 193 million. Based on a recorded price of $1.039 per share, the total value is approximately $200 million, all held in a single wallet.
Weekly notional volume in crypto-related contracts on Kalshi and Polymarket reached a record $2.7 billion last week, primarily driven by bets on short-term Bitcoin and other cryptocurrency price movements. Crypto now ranks second only to sports on both platforms, as crypto exchanges expand into prediction markets amid declining spot volumes, though legal challenges to sports contracts in several U.S. states could affect their willingness to expand.
Franklin Templeton executed two subscriptions on Thursday, nearly quadrupling its fund tokens on the XRP Ledger. The receiving wallet shares authorized signers with the issuer.
ADAO has launched a marketplace that converts AS burning into spending credits, linking on-chain mechanisms with real-world product consumption. The initiative aims to expand ecosystem use cases by enabling the use of these credits for tangible purchases.
Travala has introduced a Buyback Multiplier that ties up to 4x matched buybacks to member travel rewards. The rewards are locked in an onchain reserve.
According to Liquid247.xyz, a buy order for about 105.41 BTC, worth approximately $8.54 million, was placed at the $81,000 level on Binance's BTC perpetual contract, only 0.01% below the mid-price. Near-term buy orders on the exchange total about $53.78 million, while sell orders are about $43.59 million, resulting in a net buy surplus of roughly $10.19 million, or 10.46% of total depth.
According to Coinglass data, a Bitcoin break above $84,975 would trigger cumulative short liquidation intensity of $1.273 billion across major centralized exchanges. Conversely, a drop below $77,256 would result in cumulative long liquidation intensity of $848 million.
According to SEC filings, Robinhood Director Bhatt Baiju sold 50,912 shares at an average price of $101.4 per share on October 21, totaling approximately $5.16 million. Following the transaction, the director's direct holdings fell to 4,636 shares, a decline of 92%.
Crypto-related event contracts on Kalshi and Polymarket reached a record $2.7 billion in nominal trading volume last week, with Bitcoin short-term price contracts particularly active. Crypto has become the second-largest trading category on both platforms after sports, as exchanges like Coinbase and Kraken seek licensing or partnerships to expand into prediction markets amid declining spot trading volumes.
An address associated with the GPS project received 1.5 million TREAD tokens, valued at $1.16 million, nine hours ago according to on-chain analyst Ai Yi. No public cooperation or connection between GoPlus and Treadfi has been identified, and the intent of the transaction remains unclear.
Catcher Predict monitoring shows that on Polymarket, the 'Milwaukee Brewers' option in the 'Spread -1.5' sub-market for the 'Tampa Bay Rays vs. Milwaukee Brewers' event jumped from 38% to 84% within an hour. Users are advised to watch for breaking news that may affect the market.
Kraken co-CEO Arjun Sethi stated that the platform erred in sending emails to clients who bought and withdrew Monero (XMR) with their own funds, asking for employer details, source of funds, and intended use. The inquiries have been withdrawn, affected clients were told they need not provide information, and Kraken will continue to list XMR.
Upbit announced the addition of Bubble Maps (BMT) to its KRW market. The listing allows users to trade BMT against the South Korean won.
An Ethereum OG who acquired 100,000 ETH at $0.31 during the ICO sold 1,000 ETH six hours ago, according to Lookonchain monitoring. The sale is part of the OG's ongoing activity.
Kraken has removed the questionnaire requirement for Monero withdrawals, and XMR remains listed on the platform. Co-CEO Arjun Sethi stated that asking customers how they will use withdrawn tokens is unacceptable, though the exchange will retain source-of-funds reviews.
UPBIT announced that Bubblemaps (BMT) will be listed at 12:00 on October 24 and will support KRW trading. The exchange noted that BMT deposits and withdrawals are supported only through the Solana network.
SlowMist's threat intelligence hunting has identified more than 1,500 DarkSword phishing sites deployed across the internet. These sites impersonate e-commerce platforms, crypto exchanges such as Binance and OKX, wallets, games, and crypto exchange services.
According to Coinglass data, whales on Hyperliquid hold $3.852 billion in long positions and $4.417 billion in short positions, with longs profiting $116 million and shorts losing $66.8973 million. A whale address 0x5b5d..60 opened a 5x full-margin short on ETH at $2,322.74 and currently has an unrealized loss of $6.139 million.
Ethereum is trading at $2,379.10, with Coinbase spot buy orders at $13.73 million exceeding sell orders at $10.24 million. Binance spot buy orders are also thicker than sell orders but smaller in scale than Coinbase, and exchanges with thinner order books may see sharper price swings during large trades.