Hyperliquid (HYPE) has experienced declining prices in recent sessions, with CoinGecko data showing its market capitalization close to $18.04 billion and a daily trading volume around $918 million. These figures highlight the token’s significant market presence and recent surge in trading activity, despite underperforming the broader cryptocurrency market, which fell 3.9% over the last week. The current downturn in HYPE appears linked to overall market liquidations, an over-the-counter (OTC) distribution of tokens, and persistent selling pressure. No single event has been confirmed as the direct cause.
Price drop accompanied by high trading activityRecent Hyperliquid price action points to considerable volatility. Over the latest 24-hour period, HYPE traded in a range between $79.52 and $85.73, indicating sharp fluctuations amid increased trader activity. The daily trading volume, nearing $918 million, is substantial relative to the total market value of the token.
CoinGecko’s data from October 13 recorded daily volume reaching close to $950 million, a 43.6% increase from the preceding day. While this spike indicates strong interest, it does not clarify how much of the selling was from major holders or whether capital was flowing out of the protocol overall.
HYPE’s price closed at $91.91 on October 6 and slid to $80.97 by October 12, marking an 11.9% decline over this period. At last check, the token traded at $81.09, remaining well below its recent highs and suggesting a sustained recovery has yet to emerge.
Trading volume surged to nearly $950 million on October 13, up 43.6% from the previous day, reflecting heightened activity during HYPE’s price decline.
Macro pressures and liquidation eventsThe broader digital asset market has also endured significant selling. Bitcoin, for example, dipped below $83,000 on October 12 as investors responded to US dollar strength, rising bond yields, and energy market uncertainty. CoinReporter noted that over $770 million in crypto positions were liquidated during this period, with the majority being forced closures of leveraged long positions.
Leveraged trading can amplify market swings, as falling below margin requirements triggers automatic liquidations, accelerating price drops and further liquidations in a feedback loop.
Analysis by CoinStats on October 13 indicated that $11.46 million in HYPE derivatives positions were liquidated within 24 hours, with long positions representing 98.2% of this total. These figures suggest that many bullish HYPE traders faced forced closures as prices dropped, but liquidations are highly dynamic across changing market conditions.
Investor attention remains on macroeconomic uncertainty as the US Consumer Price Index report is due on October 14. This inflation reading could influence expectations for US Federal Reserve policy and appetite for cryptocurrencies, likely increasing volatility but not serving as a conclusive cause for HYPE’s recent losses.
Separately, Hyperliquid Labs completed an OTC transaction involving 3.75 million HYPE tokens—valued at approximately $330 million—over October 7 and 8. The transfer included five wallets, each receiving 375,000 tokens, following a weeklong unstaking period.
The team clarified to FXStreet that these tokens would not be sold through public exchanges. While such a transaction draws attention due to its size, it does not confirm that large-scale selling occurred on the open market. The OTC transaction took place several days before HYPE’s drop, raising more questions about supply than providing a simple explanation for market weakness.
Mini dictionary: OTC (Over-the-counter) transactions are trades arranged directly between parties rather than on public exchanges, allowing large amounts to change hands discreetly.
Platform activity and market outlookDespite the drop in HYPE’s price, underlying trading activity on the Hyperliquid platform remains strong. As an on-chain ecosystem specializing in perpetual futures and spot trading, Hyperliquid reported approximately $7.04 billion in total value locked, $3.3 million in daily fees, and $2.68 million in project revenue over the most recent 24 hours.
A single day of high fees and revenue does not guarantee continued demand for the HYPE token but does indicate ongoing protocol use. The distinction between platform health and token performance remains key: increased uncertainty over supply or leverage can impact HYPE even if trading remains active.
MetricValue (Latest 24h)Total value locked$7.04 billionFees generated$3.3 millionProject revenue$2.68 millionTrading volume$918 millionPrice range$79.52 – $85.73Market watchers are monitoring possible levels for a turning point, particularly the $79.50 area as a recent low and $85.70 as a near-term high. Sustained recovery above the upper level would signal stronger buying activity.
Additionally, analysts continue to watch trading volume and derivative liquidations as indicators of whether selling pressure is subsiding or if volatility remains high. The market’s reaction to US inflation data on October 14, as well as any updates on institutional demand and token transfers, will likely shape short-term sentiment for HYPE.
The available market data point to a combination of leveraged liquidations, elevated trading activity, and uncertainty following a major OTC transaction as factors behind HYPE’s recent downward move.
In summary, Hyperliquid’s latest decline reflects overlapping market pressures rather than a single clear catalyst. Attention remains on the balance between sustained platform engagement and supply-related uncertainty as the token seeks to regain investor confidence.
Starknet launches shadow accounts, enabling users to anonymously link their main wallets with DeFi activities.
According to an official announcement, Starknet has launched Shadow Accounts, allowing users to participate in public DeFi activities via an independent, self-controlled address while keeping the link between this address and their main wallet confidential. Shadow Accounts are independent pseudonymous addresses on Starknet, funded by users’ protected STRK20 balances. The first integration will launch tomorrow. While the balance, transaction history, and application positions of Shadow Accounts remain publicly visible on-chain, STRK20 protects the connection between these accounts and users’ main wallets. This means users do not need to hide their DeFi activities themselves, while reducing the likelihood that external observers can trace those activities back to their main wallets.
39 minutes ago
Applied Materials forecasts its services business revenue will grow by more than 20% by 2026, and top $12 billion by 2030.
Applied Materials (AMAT.O) said it targets a non-GAAP gross margin of 54% and operating margin of 40% by 2030. It projects its services business revenue will grow by over 20% in 2026, and exceed $12 billion by 2030. The company plans to expand its R&D labs and manufacturing capacity to more than double current levels by 2030, return 80% to 100% of its free cash flow to shareholders by 2030, and lift its wafer fabrication equipment (WFE) market share by more than 2 percentage points between 2025 and 2030.
39 minutes ago
Perspective: Bitcoin investors who accumulated positions at high levels have their cost prices capping upside potential, with selling pressure having notably eased.
Glassnode stated that the cost basis of investors who purchased Bitcoin at high levels continues to cap its upside potential. Following Bitcoin’s rebound to around $88,000, investors with 1 to 2-year holding periods sold off heavily, and this price level is also near the break-even point for investors who have held Bitcoin for 6 to 12 months. Bitcoin’s price subsequently faced resistance below this level, and this selling pressure has now eased significantly.
39 minutes ago
21Shares Launches Synthetic Anthropic ETP on the Vienna Stock Exchange
21Shares has launched a synthetic Anthropic ETP on the Vienna Stock Exchange, trading under the ticker CLAU, providing investors with non-leveraged exposure linked to the pre-IPO implied valuation of the artificial intelligence startup. The ETP does not grant investors direct ownership of Anthropic shares, either before or after the firm goes public. The product accesses this exposure via total return swaps (TRS), tracking a reference rate compiled by Kaiko, which is calculated based on Anthropic’s perpetual futures prices on Binance.
39 minutes ago
Ripple partners with Stripe-owned Privy to introduce embedded wallet functionality for the XRP Ledger.
Ripple has partnered with Stripe-owned wallet infrastructure firm Privy to integrate support for the XRP Ledger (XRPL) into Privy’s developer platform. The integration eliminates the need for developers to build their own wallet infrastructure, allowing them to add XRPL wallets to their applications with features including wallet creation and management, transaction signing, plus support for XRP, Ripple’s RLUSD stablecoin, and other assets on the network.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The increasing integration of AI agents into cryptocurrency markets is expected to fundamentally reshape how activity is conducted by 2028, according to a report by Fortune. The prediction suggests that AI systems will outpace human market participants, a shift that has already begun with platforms like Coinbase introducing AI-driven execution tools. Current AI systems, while still operating under human-set strategies, are progressively becoming more autonomous, indicating a trend towards AI dominance in the landscape. This potential shift is drawing attention to how platforms such as Hyperliquid could be impacted.
Market data for Hyperliquid suggests a significant drop in confidence regarding its price reaching $100 by the end of 2026. The likelihood of this outcome has decreased from 76% a week ago to 46.5% currently. This decline reflects a broader uncertainty about the platform’s ability to capitalize on the anticipated AI-driven efficiencies that could influence market sentiment positively. Market behavior indicates that while there is optimism around AI’s transformative impact, participants remain cautious about its immediate effects on specific assets like Hyperliquid.
Key Takeaways
Fortune’s report suggests a shift towards AI-driven market activity by 2028, potentially impacting market dynamics significantly.
Current market pricing for Hyperliquid reaching $100 by year-end has decreased, reflecting caution among participants.
The trend towards AI agents may indicate potential growth opportunities for platforms that can effectively integrate such technologies.
What to Watch
The progression of AI integration into crypto platforms will be closely monitored, with potential announcements from major exchanges like Coinbase or Binance potentially influencing sentiment. Developments in AI capabilities and regulatory responses will also be critical in shaping market expectations. Observers will be keen to see if Hyperliquid can leverage AI-driven efficiencies to regain market confidence and meet its year-end price target.
A crypto whale closed out its long position in CBRS after losing approximately $6.95 million, and shifted to taking long positions in GOOGL and GME.
According to TradingBeats' monitoring, Hyperliquid whale address 0x30af…393e liquidated long positions worth approximately $36.51 million in CBRS between last night and early this morning, incurring a trading loss of around $6.95 million. During the same period, the address opened roughly 116,100 long positions in GOOGL and 607,400 long positions in GME, with the total current position value standing at about $57.42 million. The GOOGL and GME long positions currently use 20x and 10x isolated margin leverage respectively; their liquidation reference prices are approximately $344.56 and $25.56, which are around 2.37% and 5.67% lower than the current mark prices.
1 seconds ago
Morgan Stanley: Storage stocks appear to have the lowest valuations at the cycle peak, but are actually in the most dangerous situation.
Morgan Stanley’s latest report notes that Samsung and SK Hynix currently have a forward price-to-earnings (P/E) ratio of just 3 to 4 times—seemingly cheap but potentially masking a valuation trap at the cycle’s peak. Historically, storage stocks have tended to top out ahead of earnings peaks: leading by roughly 4 months in 2008 and 2012, and about 8 months in 2018. While the AI-fueled storage supercycle remains intact, tight supply-demand, rising prices, and improving earnings still offer support. But with sharp stock price gains and concentrated upward revisions to earnings forecasts, bullish expectations are already fully priced in, leaving further upside under pressure. Morgan Stanley argues that the stronger the storage sector’s fundamentals, the more easily cycle-top risks are underestimated—high growth may not translate to sustained excess returns. The report warns that high profits will eventually draw new production capacity, with supply set to gradually hit the market from the second half of 2027, potentially triggering a new cycle inflection point. Asian storage stocks have rallied roughly 9 times cumulatively since their September 2025 rally, with average consensus earnings per share (EPS) forecasts revised up by 432%. Samsung and SK Hynix’s low P/E ratios may be a classic trap for cyclical stocks near earnings peaks. To justify the upside implied by current share prices, DRAM contract prices would need to rise around 70% quarter-on-quarter—a tall order. Separately, evolving data center architectures could reshape industry chain benefit distribution: in NVIDIA’s NVL72, storage makes up ~29% of a single rack, falling to 19% when expanded to 8 interconnected racks, while network equipment’s share jumps from 10% to 20%—meaning storage makers may not proportionally benefit from AI infrastructure investment growth.
1 seconds ago
Gemini 4 Argon embedded in the new Antigravity version: three inference tiers are ready but still non-functional.
Beating AI News Flash: Google’s AI coding tool Antigravity’s 2.23.0 update has uncovered the full model identifier for Gemini 4 Argon, including three inference configurations: Low, Medium, and High. The previous 2.22.0 version lacked these elements, while the new update added 4 model IDs and 3 model selection menu names. However, these configurations are currently hidden in the program code, so regular users cannot directly select Gemini 4 Argon yet. Antigravity has also removed multiple old models simultaneously. Gemini 3.1 Pro, 3.6 Flash, and 3.7 Flash were marked for retirement on October 12; the next day, users noticed that only Gemini 3.8 Flash remained in the model list. Another developer found that the three Argon tiers are already ranked among the top three in the client’s recommended model order, but requests to their corresponding interfaces still return 404 errors. Google released Argon as early as September 30, but it is currently mainly available to vetted cybersecurity partners, with plans to later expand access to paid API and Google AI Ultra users.
1 seconds ago
Fed Governor Waller: Trump’s threat to the Federal Reserve’s independence has not yet succeeded.
Fed Governor Christopher Waller: Trump’s threat to the independence of the Federal Reserve has not yet succeeded.
1 seconds ago
Semiconductor and storage sectors were broadly lower in U.S. pre-market trading, with SanDisk and Micron down more than 3% each, and SK Hynix ADR dropping 5%.
According to market data from BIT (bit.com), semiconductor and storage sectors are broadly lower in pre-market US trading: Seagate Technology (STX) down 3.4%; Western Digital (WDC) down 3.8%; SanDisk (SNDK) down 3.3%; Micron Technology (MU) down 3.03%; SK Hynix ADR down 5%; NVIDIA (NVDA) down 0.8%; Intel (INTC) down 0.95%; Advanced Micro Devices (AMD) down 1.84%.
1 seconds ago
A crypto whale transferred 5,170 ETH to Tornado Cash, valued at $12.82 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.
A crypto whale closed out its long position in CBRS after losing approximately $6.95 million, and shifted to taking long positions in GOOGL and GME.
According to TradingBeats' monitoring, Hyperliquid whale address 0x30af…393e liquidated long positions worth approximately $36.51 million in CBRS between last night and early this morning, incurring a trading loss of around $6.95 million. During the same period, the address opened roughly 116,100 long positions in GOOGL and 607,400 long positions in GME, with the total current position value standing at about $57.42 million. The GOOGL and GME long positions currently use 20x and 10x isolated margin leverage respectively; their liquidation reference prices are approximately $344.56 and $25.56, which are around 2.37% and 5.67% lower than the current mark prices.
1 seconds ago
Morgan Stanley: Storage stocks appear to have the lowest valuations at the cycle peak, but are actually in the most dangerous situation.
Morgan Stanley’s latest report notes that Samsung and SK Hynix currently have a forward price-to-earnings (P/E) ratio of just 3 to 4 times—seemingly cheap but potentially masking a valuation trap at the cycle’s peak. Historically, storage stocks have tended to top out ahead of earnings peaks: leading by roughly 4 months in 2008 and 2012, and about 8 months in 2018. While the AI-fueled storage supercycle remains intact, tight supply-demand, rising prices, and improving earnings still offer support. But with sharp stock price gains and concentrated upward revisions to earnings forecasts, bullish expectations are already fully priced in, leaving further upside under pressure. Morgan Stanley argues that the stronger the storage sector’s fundamentals, the more easily cycle-top risks are underestimated—high growth may not translate to sustained excess returns. The report warns that high profits will eventually draw new production capacity, with supply set to gradually hit the market from the second half of 2027, potentially triggering a new cycle inflection point. Asian storage stocks have rallied roughly 9 times cumulatively since their September 2025 rally, with average consensus earnings per share (EPS) forecasts revised up by 432%. Samsung and SK Hynix’s low P/E ratios may be a classic trap for cyclical stocks near earnings peaks. To justify the upside implied by current share prices, DRAM contract prices would need to rise around 70% quarter-on-quarter—a tall order. Separately, evolving data center architectures could reshape industry chain benefit distribution: in NVIDIA’s NVL72, storage makes up ~29% of a single rack, falling to 19% when expanded to 8 interconnected racks, while network equipment’s share jumps from 10% to 20%—meaning storage makers may not proportionally benefit from AI infrastructure investment growth.
1 seconds ago
Gemini 4 Argon embedded in the new Antigravity version: three inference tiers are ready but still non-functional.
Beating AI News Flash: Google’s AI coding tool Antigravity’s 2.23.0 update has uncovered the full model identifier for Gemini 4 Argon, including three inference configurations: Low, Medium, and High. The previous 2.22.0 version lacked these elements, while the new update added 4 model IDs and 3 model selection menu names. However, these configurations are currently hidden in the program code, so regular users cannot directly select Gemini 4 Argon yet. Antigravity has also removed multiple old models simultaneously. Gemini 3.1 Pro, 3.6 Flash, and 3.7 Flash were marked for retirement on October 12; the next day, users noticed that only Gemini 3.8 Flash remained in the model list. Another developer found that the three Argon tiers are already ranked among the top three in the client’s recommended model order, but requests to their corresponding interfaces still return 404 errors. Google released Argon as early as September 30, but it is currently mainly available to vetted cybersecurity partners, with plans to later expand access to paid API and Google AI Ultra users.
1 seconds ago
Fed Governor Waller: Trump’s threat to the Federal Reserve’s independence has not yet succeeded.
Fed Governor Christopher Waller: Trump’s threat to the independence of the Federal Reserve has not yet succeeded.
1 seconds ago
Semiconductor and storage sectors were broadly lower in U.S. pre-market trading, with SanDisk and Micron down more than 3% each, and SK Hynix ADR dropping 5%.
According to market data from BIT (bit.com), semiconductor and storage sectors are broadly lower in pre-market US trading: Seagate Technology (STX) down 3.4%; Western Digital (WDC) down 3.8%; SanDisk (SNDK) down 3.3%; Micron Technology (MU) down 3.03%; SK Hynix ADR down 5%; NVIDIA (NVDA) down 0.8%; Intel (INTC) down 0.95%; Advanced Micro Devices (AMD) down 1.84%.
1 seconds ago
A crypto whale transferred 5,170 ETH to Tornado Cash, valued at $12.82 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.
According to TradingBeats’ monitoring, a whale address on Hyperliquid starting with 0xedcd made consecutive buys of approximately 96 BTC, 17,283 HYPE, and 1,215 ZEC this morning, at average prices of roughly $81,597, $80.59, and $1,145.83 respectively. The combined notional value of these three new long positions totals around $10.62 million, with an unrealized profit of roughly $300,000 so far. The address’s total long position value now exceeds $60.95 million, bringing its total unrealized profit to approximately $11.91 million. The address was previously labeled a suspected "819 Insider Whale" by market participants after it loaded up on $38.72 million worth of positions roughly one hour before the ETH rally began on August 19. Currently, the whale still holds 20,000 ETH long positions, worth approximately $50.33 million, with 4x full leverage, and an unrealized profit of around $11.61 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Lookonchain's monitoring, a crypto whale created four new wallets approximately four months ago and began trading on Hyperliquid. To date, it has completed 15 trades, generating a total profit of $29.75 million, with nearly all of its trades turning profitable. Today, the whale opened another long position in ETH, holding 24,000 ETH worth roughly $60.7 million, with an unrealized profit of $2.6 million.
Morgan Stanley: Storage stocks appear to have the lowest valuations at the cycle peak, but are actually in the most dangerous situation.
Morgan Stanley’s latest report notes that Samsung and SK Hynix currently have a forward price-to-earnings (P/E) ratio of just 3 to 4 times—seemingly cheap but potentially masking a valuation trap at the cycle’s peak. Historically, storage stocks have tended to top out ahead of earnings peaks: leading by roughly 4 months in 2008 and 2012, and about 8 months in 2018. While the AI-fueled storage supercycle remains intact, tight supply-demand, rising prices, and improving earnings still offer support. But with sharp stock price gains and concentrated upward revisions to earnings forecasts, bullish expectations are already fully priced in, leaving further upside under pressure. Morgan Stanley argues that the stronger the storage sector’s fundamentals, the more easily cycle-top risks are underestimated—high growth may not translate to sustained excess returns. The report warns that high profits will eventually draw new production capacity, with supply set to gradually hit the market from the second half of 2027, potentially triggering a new cycle inflection point. Asian storage stocks have rallied roughly 9 times cumulatively since their September 2025 rally, with average consensus earnings per share (EPS) forecasts revised up by 432%. Samsung and SK Hynix’s low P/E ratios may be a classic trap for cyclical stocks near earnings peaks. To justify the upside implied by current share prices, DRAM contract prices would need to rise around 70% quarter-on-quarter—a tall order. Separately, evolving data center architectures could reshape industry chain benefit distribution: in NVIDIA’s NVL72, storage makes up ~29% of a single rack, falling to 19% when expanded to 8 interconnected racks, while network equipment’s share jumps from 10% to 20%—meaning storage makers may not proportionally benefit from AI infrastructure investment growth.
20 minutes ago
Gemini 4 Argon embedded in the new Antigravity version: three inference tiers are ready but still non-functional.
Beating AI News Flash: Google’s AI coding tool Antigravity’s 2.23.0 update has uncovered the full model identifier for Gemini 4 Argon, including three inference configurations: Low, Medium, and High. The previous 2.22.0 version lacked these elements, while the new update added 4 model IDs and 3 model selection menu names. However, these configurations are currently hidden in the program code, so regular users cannot directly select Gemini 4 Argon yet. Antigravity has also removed multiple old models simultaneously. Gemini 3.1 Pro, 3.6 Flash, and 3.7 Flash were marked for retirement on October 12; the next day, users noticed that only Gemini 3.8 Flash remained in the model list. Another developer found that the three Argon tiers are already ranked among the top three in the client’s recommended model order, but requests to their corresponding interfaces still return 404 errors. Google released Argon as early as September 30, but it is currently mainly available to vetted cybersecurity partners, with plans to later expand access to paid API and Google AI Ultra users.
20 minutes ago
Fed Governor Waller: Trump’s threat to the Federal Reserve’s independence has not yet succeeded.
Fed Governor Christopher Waller: Trump’s threat to the independence of the Federal Reserve has not yet succeeded.
20 minutes ago
Semiconductor and storage sectors were broadly lower in U.S. pre-market trading, with SanDisk and Micron down more than 3% each, and SK Hynix ADR dropping 5%.
According to market data from BIT (bit.com), semiconductor and storage sectors are broadly lower in pre-market US trading: Seagate Technology (STX) down 3.4%; Western Digital (WDC) down 3.8%; SanDisk (SNDK) down 3.3%; Micron Technology (MU) down 3.03%; SK Hynix ADR down 5%; NVIDIA (NVDA) down 0.8%; Intel (INTC) down 0.95%; Advanced Micro Devices (AMD) down 1.84%.
20 minutes ago
A crypto whale transferred 5,170 ETH to Tornado Cash, valued at $12.82 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.
20 minutes ago
Analysis: Bitcoin long-term holders have been generating consistent profits since 2023, with their current unrealized profit buffer reaching 72%.
Crypto market analyst Axel Adler Jr says on-chain data shows the average cost basis of Bitcoin long-term holders (LTHs) stands at $48,600, with the current price roughly 72% above that level. This group has remained in profit since January 2023, with its closest approach to the cost line coming in March 2023. The LTH average cost basis has fallen 1.7% since hitting a peak of $49,500 on July 30. Since August 1, 60 out of 74 days have recorded negative weekly changes, with the largest single-week drop hitting 0.34% on August 25, and the current reading standing at -0.06%. The analyst notes this decline remains moderate; a further drop would signal accelerating selling pressure, while a return to positive territory would mean long-term holders are resuming accumulation.
Morgan Stanley: Storage stocks appear to have the lowest valuations at the cycle peak, but are actually in the most dangerous situation.
Morgan Stanley’s latest report notes that Samsung and SK Hynix currently have a forward price-to-earnings (P/E) ratio of just 3 to 4 times—seemingly cheap but potentially masking a valuation trap at the cycle’s peak. Historically, storage stocks have tended to top out ahead of earnings peaks: leading by roughly 4 months in 2008 and 2012, and about 8 months in 2018. While the AI-fueled storage supercycle remains intact, tight supply-demand, rising prices, and improving earnings still offer support. But with sharp stock price gains and concentrated upward revisions to earnings forecasts, bullish expectations are already fully priced in, leaving further upside under pressure. Morgan Stanley argues that the stronger the storage sector’s fundamentals, the more easily cycle-top risks are underestimated—high growth may not translate to sustained excess returns. The report warns that high profits will eventually draw new production capacity, with supply set to gradually hit the market from the second half of 2027, potentially triggering a new cycle inflection point. Asian storage stocks have rallied roughly 9 times cumulatively since their September 2025 rally, with average consensus earnings per share (EPS) forecasts revised up by 432%. Samsung and SK Hynix’s low P/E ratios may be a classic trap for cyclical stocks near earnings peaks. To justify the upside implied by current share prices, DRAM contract prices would need to rise around 70% quarter-on-quarter—a tall order. Separately, evolving data center architectures could reshape industry chain benefit distribution: in NVIDIA’s NVL72, storage makes up ~29% of a single rack, falling to 19% when expanded to 8 interconnected racks, while network equipment’s share jumps from 10% to 20%—meaning storage makers may not proportionally benefit from AI infrastructure investment growth.
20 minutes ago
Gemini 4 Argon embedded in the new Antigravity version: three inference tiers are ready but still non-functional.
Beating AI News Flash: Google’s AI coding tool Antigravity’s 2.23.0 update has uncovered the full model identifier for Gemini 4 Argon, including three inference configurations: Low, Medium, and High. The previous 2.22.0 version lacked these elements, while the new update added 4 model IDs and 3 model selection menu names. However, these configurations are currently hidden in the program code, so regular users cannot directly select Gemini 4 Argon yet. Antigravity has also removed multiple old models simultaneously. Gemini 3.1 Pro, 3.6 Flash, and 3.7 Flash were marked for retirement on October 12; the next day, users noticed that only Gemini 3.8 Flash remained in the model list. Another developer found that the three Argon tiers are already ranked among the top three in the client’s recommended model order, but requests to their corresponding interfaces still return 404 errors. Google released Argon as early as September 30, but it is currently mainly available to vetted cybersecurity partners, with plans to later expand access to paid API and Google AI Ultra users.
20 minutes ago
Fed Governor Waller: Trump’s threat to the Federal Reserve’s independence has not yet succeeded.
Fed Governor Christopher Waller: Trump’s threat to the independence of the Federal Reserve has not yet succeeded.
20 minutes ago
Semiconductor and storage sectors were broadly lower in U.S. pre-market trading, with SanDisk and Micron down more than 3% each, and SK Hynix ADR dropping 5%.
According to market data from BIT (bit.com), semiconductor and storage sectors are broadly lower in pre-market US trading: Seagate Technology (STX) down 3.4%; Western Digital (WDC) down 3.8%; SanDisk (SNDK) down 3.3%; Micron Technology (MU) down 3.03%; SK Hynix ADR down 5%; NVIDIA (NVDA) down 0.8%; Intel (INTC) down 0.95%; Advanced Micro Devices (AMD) down 1.84%.
20 minutes ago
A crypto whale transferred 5,170 ETH to Tornado Cash, valued at $12.82 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.
20 minutes ago
Analysis: Bitcoin long-term holders have been generating consistent profits since 2023, with their current unrealized profit buffer reaching 72%.
Crypto market analyst Axel Adler Jr says on-chain data shows the average cost basis of Bitcoin long-term holders (LTHs) stands at $48,600, with the current price roughly 72% above that level. This group has remained in profit since January 2023, with its closest approach to the cost line coming in March 2023. The LTH average cost basis has fallen 1.7% since hitting a peak of $49,500 on July 30. Since August 1, 60 out of 74 days have recorded negative weekly changes, with the largest single-week drop hitting 0.34% on August 25, and the current reading standing at -0.06%. The analyst notes this decline remains moderate; a further drop would signal accelerating selling pressure, while a return to positive territory would mean long-term holders are resuming accumulation.
Morgan Stanley: Storage stocks appear to have the lowest valuations at the cycle peak, but are actually in the most dangerous situation.
Morgan Stanley’s latest report notes that Samsung and SK Hynix currently have a forward price-to-earnings (P/E) ratio of just 3 to 4 times—seemingly cheap but potentially masking a valuation trap at the cycle’s peak. Historically, storage stocks have tended to top out ahead of earnings peaks: leading by roughly 4 months in 2008 and 2012, and about 8 months in 2018. While the AI-fueled storage supercycle remains intact, tight supply-demand, rising prices, and improving earnings still offer support. But with sharp stock price gains and concentrated upward revisions to earnings forecasts, bullish expectations are already fully priced in, leaving further upside under pressure. Morgan Stanley argues that the stronger the storage sector’s fundamentals, the more easily cycle-top risks are underestimated—high growth may not translate to sustained excess returns. The report warns that high profits will eventually draw new production capacity, with supply set to gradually hit the market from the second half of 2027, potentially triggering a new cycle inflection point. Asian storage stocks have rallied roughly 9 times cumulatively since their September 2025 rally, with average consensus earnings per share (EPS) forecasts revised up by 432%. Samsung and SK Hynix’s low P/E ratios may be a classic trap for cyclical stocks near earnings peaks. To justify the upside implied by current share prices, DRAM contract prices would need to rise around 70% quarter-on-quarter—a tall order. Separately, evolving data center architectures could reshape industry chain benefit distribution: in NVIDIA’s NVL72, storage makes up ~29% of a single rack, falling to 19% when expanded to 8 interconnected racks, while network equipment’s share jumps from 10% to 20%—meaning storage makers may not proportionally benefit from AI infrastructure investment growth.
5 minutes ago
Gemini 4 Argon embedded in the new Antigravity version: three inference tiers are ready but still non-functional.
Beating AI News Flash: Google’s AI coding tool Antigravity’s 2.23.0 update has uncovered the full model identifier for Gemini 4 Argon, including three inference configurations: Low, Medium, and High. The previous 2.22.0 version lacked these elements, while the new update added 4 model IDs and 3 model selection menu names. However, these configurations are currently hidden in the program code, so regular users cannot directly select Gemini 4 Argon yet. Antigravity has also removed multiple old models simultaneously. Gemini 3.1 Pro, 3.6 Flash, and 3.7 Flash were marked for retirement on October 12; the next day, users noticed that only Gemini 3.8 Flash remained in the model list. Another developer found that the three Argon tiers are already ranked among the top three in the client’s recommended model order, but requests to their corresponding interfaces still return 404 errors. Google released Argon as early as September 30, but it is currently mainly available to vetted cybersecurity partners, with plans to later expand access to paid API and Google AI Ultra users.
5 minutes ago
Fed Governor Waller: Trump’s threat to the Federal Reserve’s independence has not yet succeeded.
Fed Governor Christopher Waller: Trump’s threat to the independence of the Federal Reserve has not yet succeeded.
5 minutes ago
Semiconductor and storage sectors were broadly lower in U.S. pre-market trading, with SanDisk and Micron down more than 3% each, and SK Hynix ADR dropping 5%.
According to market data from BIT (bit.com), semiconductor and storage sectors are broadly lower in pre-market US trading: Seagate Technology (STX) down 3.4%; Western Digital (WDC) down 3.8%; SanDisk (SNDK) down 3.3%; Micron Technology (MU) down 3.03%; SK Hynix ADR down 5%; NVIDIA (NVDA) down 0.8%; Intel (INTC) down 0.95%; Advanced Micro Devices (AMD) down 1.84%.
5 minutes ago
A crypto whale transferred 5,170 ETH to Tornado Cash, valued at $12.82 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.
5 minutes ago
Analysis: Bitcoin long-term holders have been generating consistent profits since 2023, with their current unrealized profit buffer reaching 72%.
Crypto market analyst Axel Adler Jr says on-chain data shows the average cost basis of Bitcoin long-term holders (LTHs) stands at $48,600, with the current price roughly 72% above that level. This group has remained in profit since January 2023, with its closest approach to the cost line coming in March 2023. The LTH average cost basis has fallen 1.7% since hitting a peak of $49,500 on July 30. Since August 1, 60 out of 74 days have recorded negative weekly changes, with the largest single-week drop hitting 0.34% on August 25, and the current reading standing at -0.06%. The analyst notes this decline remains moderate; a further drop would signal accelerating selling pressure, while a return to positive territory would mean long-term holders are resuming accumulation.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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US stocks closed with broad declines in the optical communications, storage, semiconductor, and Neocloud sectors, with CIEN and LITE falling nearly 10%.
According to BIT (bit.com) market data, U.S. stocks closed on Monday (October 12): the Dow Jones Industrial Average rose 0.38%, the S&P 500 fell 0.06%, and the Nasdaq declined 0.44%. Optical communication concept stocks led the losses, with Ciena (CIEN) down 9.95%, Lumentum (LITE) down 9.78%, Applied Optoelectronics (AAOI) down 8.17%, Coherent (COHR) down 7.88%, and Credo (CRDO) down 7.25%. Storage stocks also trended lower: SanDisk (SNDK) down 5.97%, SK Hynix (SKHY) down 4.02%, Micron Technology (MU) down 3.88%, and Seagate Technology (STX) down 3.80%. Most Neocloud stocks fell, including Nebius (NBIS) down 4.98%, Galaxy Digital (GLXY) down 2.26%, CoreWeave (CRWV) down 2.22%, and IREN down 1.11%. Semiconductor stocks declined across the board: Arm (ARM) down 4.15%, Marvell Technology (MRVL) down 3.42%, Intel (INTC) down 3.20%, and AMD down 2.28%.
3 minutes ago
Bitcoin briefly fell below $82,000.
According to HTX market data, Bitcoin briefly fell below $82,000, with a 24-hour decline of 1.93%.
3 minutes ago
Robinhood CEO: The company will ramp up investment in builders of the Robinhood Chain, with details to be announced soon.
Robinhood CEO Vlad Tenev responded to community questions on X, stating that Robinhood Chain is a top priority for the company. “We never left,” he said. “The builders who showed up early matter a great deal to us. More updates will be coming soon.” Tenev added that he aims to attract the best builders to Robinhood Chain, noting: “We are investing to make this a reality. If you’re building something great, we want to hear your ideas. More details will be announced soon.”
3 minutes ago
Federal Reserve's Harker: Further policy tightening required to curb inflation
Cleveland Federal Reserve President Hamrick said the Fed needs to bring monetary policy to a restrictive level to push inflation back to its 2% target. She noted that the current policy stance means inflation could take longer than acceptable to fall, hence "more tightening is needed." Hamrick added that further interest rate hikes may still be required, though the timing is undecided. She favors "smaller, more frequent" adjustments to help businesses and households plan ahead. She pointed out that corporate input costs are rising, and an increasing number of firms are passing these costs to consumers. If prices are no longer constrained by demand, inflation could rise further or stay elevated. She highlighted that the biggest inflation risk is the development of an "inflation mindset" among individuals and businesses, who gradually accept higher inflation levels—this would make it harder for the Fed to return inflation to target, and some signs of this have already emerged. When discussing the rise in U.S. Treasury yields, Hamrick said it is mainly driven by factors including economic growth expectations, market repricing of Fed policy, fiscal pressures, and large-scale bond issuance. She noted that the data center investment boom is boosting growth, but the current financial environment still needs further tightening to help inflation decline. Hamrick also emphasized that the Federal Reserve's independence is "always of utmost importance." (Jinshi)
3 minutes ago
Meta CEO Announces Launch of Muse Wonder, a Larger and More Advanced Model.
Dongcha Beating AI News: Meta Platforms CEO Mark Zuckerberg announced that he will launch two models today, including Muse Wonder, a larger and more advanced model.
3 minutes ago
UK High Court rules that claims related to over 61,000 Bitcoin in the Qian Zhimin case are subject to Chinese law, with the funds involved totaling approximately £4.1 billion.
A judgment released by the UK National Archives shows that the UK High Court ruled on the "Blue Sky Grid Rui Case" on October 12, holding that property rights claims filed by Chinese investors over the involved Bitcoin should be governed by Chinese law rather than UK law. The case involves over 61,000 Bitcoin, a key component of the billions of pounds in criminal proceeds recovered by UK law enforcement. The judgment states that the investment scam in question was carried out in China between 2014 and 2017, with total funds involved amounting to approximately 40.228 billion yuan (around ￡4.1 billion). The funds were used to purchase assets including Bitcoin, and the involved Bitcoin was later transferred to the UK. UK police seized relevant equipment and some access keys in 2018, and the assets subsequently recovered included over 61,000 Bitcoin. The court ruled that the investors' locations, the place where false statements were made, the location of fund payments, and the original purchase site of the Bitcoin were all primarily in China, so the relevant property rights should be determined in accordance with Chinese law. The court also rejected the investors' arguments seeking to establish rights under UK law and relevant asset tracing rules. It should be noted that this ruling only addresses which country's law applies to the relevant claims, and does not finally determine whether each investor owns the involved Bitcoin, nor does it decide on the final distribution of the assets. Specific rights under Chinese law and relevant evidence will need to be reviewed in subsequent proceedings.
Allora’s Forge platform has opened a new prediction topic built around Hyperliquid, and it comes with an unusual twist: there is no fixed list of assets.
The Hyperliquid Log Return topic, designated topic 90, went live on October 8, 2026. It asks AI and machine learning models to forecast three-minute log returns across Hyperliquid’s perpetual futures markets, with the set of markets rebuilt every round.
How topic 90 actually works Topic 90 works differently from static prediction setups. The market set for each round is assembled dynamically, based on what models choose to submit.
Each submission is capped at 100 keys. A key, in this context, is essentially a market the model wants to weigh in on.
Zeros are treated as the default and dropped from the registry. So a model that has no opinion on a given market simply leaves it out, rather than padding its entry with empty guesses.
The target itself is a three-minute base-10 log return. A log return measures how much a price moved over a window, expressed as a logarithm of the ending price divided by the starting price.
To settle who was right, Allora pulls ground truth from Hyperliquid’s one-minute candle data through its Atlas platform.
The scoring system punishes fence-sitting Allora’s answer to zero-padding is the CZAR loss function, short for Composite Zero-Agnostic Return. It is designed to reward forecasts that actually take a directional stance and to penalize predictions that hedge toward nothing.
Models are assessed on several criteria, including directional accuracy and correlation with realized returns.
The bar for graduating is also explicit. To move to mainnet, a model must pass seven statistical tests per topic and worker.
One of those tests requires the lower confidence bound on directional accuracy to sit above 50%. That means a model has to show, with statistical confidence, that it beats a coin flip at calling direction.
Forge, Hyperliquid and the bigger picture Forge functions as a competitive arena where models build reputations through testing. According to the research findings, more than 2,000 models are already active on the platform.
Those models are spread across 18 topics. The Hyperliquid Log Return topic joins others focused on price, volatility and commodity forecasts.
Hyperliquid is a high-performance Layer 1 blockchain optimized for perpetual futures and spot trading. Its HyperCore infrastructure handles order matching and liquidations.
Notably, the launch does not introduce a new token or any new trading mechanism. It is a model-performance play: a new arena with new rules, aimed at the people building predictive systems rather than the people trading on Hyperliquid directly.
What this means for model builders and traders The dynamic market set is the most interesting design choice here. By letting models pick their own markets, up to 100 at a time, Forge shifts some of the strategy from “how good is your forecast” to “where are you confident enough to forecast at all.”
The CZAR loss function and the seven-test mainnet gate address a credibility problem common in AI prediction projects. Requiring a directional accuracy lower bound above 50% forces models to demonstrate an edge, not just low error.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
At 12:02 UTC on October 12, 2026, INFINIT introduced its managed trading-vault framework, with APEX Multi-Strategy as the first named vault. The framework restricts vaults to eligible Hyperliquid markets with at least $100 million in open interest.
Depositors enter with $USDC during a defined window and receive a receipt token representing their share. A strategy manager trades for a fixed term. At the end, holders can redeem the receipt token for their share of the vault’s $USDC value after fees. Each manager sets the fees, lock period, deposit window, risk limits and strategy before deposits open.
This structure gives the manager trading authority without giving it withdrawal access. INFINIT says deposits sit behind a 3-of-4 multisig, with keys divided between INFINIT and the operating team. Trading credentials can open and close positions but cannot withdraw depositor funds. The company also publishes a shared trading wallet and provides weekly performance reports to depositors.
How the controls work
INFINIT calls the common infrastructure INFINIT OS. It covers strategy research and testing, vault setup, accounting for depositor shares, controlled execution, risk monitoring and investor reporting. The company says it also supports legal structuring, regulated fund licensing and fund administration for strategy managers.
Managers must pass what INFINIT calls the INFINIT Standard before they can take deposits. The manager and its beneficial owners must complete identity checks and screening. The manager must contribute first-loss capital alongside depositors and show a live trading record rather than relying only on a backtest. It must also declare market, leverage, exposure and drawdown limits.
The trade gateway enforces those restrictions at order entry. It blocks orders outside the approved market list and any order that violates the vault’s declared restrictions. Monitoring agents separately compare trading activity with the manager’s published mandate and risk limits. INFINIT’s risk team reviews suspected breaches. The manager must correct a confirmed breach, while an unresolved breach causes INFINIT to pause trading access.
The custody design separates several powers, but depositors still depend on INFINIT’s controls and the operating team’s key arrangement. A strategy can produce trading losses within its permitted mandate. Receipt-token redemption also occurs at the end of a fixed term, rather than as an on-demand withdrawal described in the announcement. Fees differ by manager and must be read in the terms for the specific vault.
The manager-screening process adds another layer before a vault can collect deposits. INFINIT requires identity checks for the manager and its beneficial owners. It also requires a live trading record and first-loss capital from the manager. That capital puts manager funds in the same strategy, but the announcement does not state the amount or the loss-allocation sequence. Those details belong in the vault terms that prospective depositors receive before a window opens.
Declared risk limits cover markets, leverage, exposure and drawdown. They are separate from the manager’s investment thesis. A permitted losing position can comply with all four limits. Conversely, an order can fit the thesis and still be rejected if it falls outside an approved market or another declared restriction. Depositors need both parts of the disclosure to understand what the manager intends to trade and what the gateway will allow.
The $100 million open-interest threshold narrows the Hyperliquid market set available to each vault. INFINIT says the gateway automatically blocks orders outside that eligible list. The announcement does not say how often open interest is measured or what happens when an already-open market falls below the threshold. That is a practical rule to check in each vault’s disclosed risk controls.
INFINIT says receipt tokens represent depositor shares and that integrations with other DeFi protocols are planned. That makes the current receipt an accounting and redemption claim under the vault terms. The announcement does not identify a live lending, collateral or secondary-market integration for it.
The first vault trades a neutral book
APEX Multi-Strategy is the first vault under the framework. Apex Quantitative Capital operates it. INFINIT says the team’s members have close to 50 years of combined experience across banks, buy-side institutions, crypto trading firms and exchanges.
The strategy is a systematic CTA momentum model. Its AI-led engine ranks markets by relative strength, goes long the strongest and shorts the weakest across stocks, commodities and crypto. INFINIT says the book stays dollar-neutral so returns come from market selection. Equity and commodity exposure comes through perpetual contracts on Hyperliquid, and all APEX returns come from trading profit and loss.
For depositors, the distinction between transparent positions and enforceable limits matters. The shared wallet lets them inspect activity, while weekly reports cover performance, exposure and trading. Neither replaces the disclosed mandate. The gateway determines which orders are allowed, and INFINIT’s monitoring process determines how a suspected breach is escalated.
The open question is how consistently those controls will constrain a live manager during fast markets. INFINIT’s announcement describes automatic order blocking, agent monitoring and a human risk review, but it does not publish latency, intervention thresholds or a completed audit in the announcement. Prospective depositors will need the vault-specific risk controls, audit details, fees and lock-up period that managers must disclose before accepting funds.
The next deposit window
INFINIT says onchain lending-vault deposits grew from $1.5 billion in September 2024 to $10 billion in September 2026. It presents trading vaults as a separate extension of managed onchain products. The comparison is context supplied by INFINIT, not a measure of deposits already committed to its trading vaults.
The next operational dates concern APEX. Vault 1 becomes redeemable on October 28, 2026. INFINIT says Vault 2 is separate, so existing holders must redeem from Vault 1 before depositing into Vault 2. The next APEX Multi-Strategy deposit window is planned for October 28 through November 11, 2026, with participation details still to be announced.
According to TradingBeats monitoring, Hyperliquid whale address 0xec4a…cf62 opened new long positions in BTC, ETH and NEAR today. Estimated based on average entry price, the nominal position size is approximately $28.8 million; current position value stands at around $29.04 million, nearly reaching $30 million, with an unrealized profit of about $243,000.
Specifically, the address first bought 200 BTC in batches earlier today, at an average entry price of roughly $83,604.5, using 40x full leverage. It then purchased 4,000 ETH at an average entry price of ~$2,536.23, applying 25x full leverage. Meanwhile, it opened and added to NEAR long positions, now holding around 332,000 NEAR at an average entry price of ~$5.81, with 10x full leverage.
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Quantofi partners with Crypto.com to launch an AI-powered crypto trading analysis platform, covering 215 crypto assets.
Irish fintech firm Quantmatix’s crypto analytics platform Quantofi has partnered with Crypto.com to launch an AI-powered cryptocurrency trading analytics platform, enabling users to access market analysis signals and execute trades directly via Crypto.com Exchange. The platform, which covers 215 crypto assets, officially launched globally for commercial use on October 10. Its core is Quantmatix’s proprietary Q Score engine, which tracks over 10,000 financial instruments across more than 50 countries and regions. For the crypto market, Quantofi analyzes price momentum across five timeframes: 1-hour, 4-hour, daily, weekly, and monthly. It also provides target prices, stop-loss levels, and expected value metrics for each trading signal to quantify potential returns and risks. According to announcements from both parties, Quantofi is a Gold Tier partner in Crypto.com’s broker ecosystem. Its analysis signals are integrated with Crypto.com Exchange’s liquidity and order matching systems, aiming to combine market research and trade execution into a single platform. However, Quantofi has not disclosed independently verified historical trading performance or signal return data, so whether these metrics can consistently work in real-world markets remains to be seen.
2 minutes ago
Ledger Wallet’s European supply chain is suspected of being compromised, with two devices found to have spyware implanted.
Crypto community member Johannes posted that two Ledger hardware wallets he bought from separate MediaMarkt locations in Europe were found to contain suspected spyware and hardware tampering—including extra cables and LTE modules—and urged Ledger to immediately recall the affected products. Johannes noted MediaMarkt staff confirmed the second device was not a returned item, adding that returned Ledger products are sent directly back to the manufacturer rather than being resold as new. Store records indicate the inventory in question came from supplier Aqipa GmbH. Since this firm runs distribution operations across Europe, Johannes suspects the issue may extend to a broader range of retail stock, though no evidence has yet confirmed that Ledger’s supply chain across Europe has been widely compromised. Johannes said he has submitted the first device to relevant personnel for analysis, plans to send the second to Ledger for investigation, and released an unboxing video as proof. He warned users that if purchasing devices from non-official Ledger channels, they should inspect for any irregularities. To date, these claims stem primarily from the user’s personal disclosure; the cause of the device compromise, scope of impact, and whether a supply chain attack is involved remain unconfirmed by relevant parties including Ledger.
2 minutes ago
Viewpoint: Bitcoin needs to demonstrate buying power above $80,000; otherwise, it may further correct to the range of $76,000 to $78,000.
Renowned trader Killa posted that Bitcoin is currently retesting the price range it broke through earlier, and the market needs bulls to actively buy at current levels to confirm the range still holds support. If BTC breaks below the range again and fails to reclaim it, this could signal a breakdown in the current structure, leading to a further pullback below $80,000. Killa noted that roughly $2 billion in liquidations have already hit the market, so there is no need to sweep previous lows again to secure liquidity. If prices continue to weaken, this would instead indicate market weakness rather than bulls building up strength. He warned that the defense around $80,000 earlier may have only lured traders into positions, after which prices could still dip to the $76,000 to $78,000 range; if Bitcoin hopes to continue its upward trajectory, buying activity in the current area will be critical.
2 minutes ago
US crypto-related concept stocks reversed earlier losses to trade higher, with MSTR rising 2.04%.
According to market data from BIT (Bit.com), US crypto-related stocks have turned from losses to gains, with the following performance: MSTR up 2.04%, COIN up 2.08%, CRCL up 0.91%, SBET up 0.93%, BMNR up 1.01%, HOOD up 0.34%, and ABTC up 6.73%.
2 minutes ago
Palantir hits an all-time high, with U.S. AI application software stocks remaining active.
According to market data from BIT (Bit.com), U.S. AI software stocks remain active. Palantir (PLTR.US) rose over 1% to hit a new high, while ServiceNow (NOW.US), Shopify (SHOP.US), and Salesforce (CRM.US) gained more than 3%. SAP SE (SAP.US), Snap (SNAP.US), and Workday (WDAY.US) each climbed over 1%. On the news front, Bank of America Securities upgraded Salesforce’s rating from Underperform to Buy, sharply lifting its target price from $160 to $285. In its report, BofA noted that although revenue directly tied to AI still accounts for a small share, it is optimistic about the long-term prospects of the company’s enterprise AI. Additionally, Ben Schneider, chief U.S. equity strategist at Goldman Sachs, and TMT expert Pete Callahan pointed out that the AI investment narrative is shifting from semiconductor capital expenditure to application-layer areas such as the "inference economy" and personal agents. Callahan bluntly stated that "programming AI is no longer a market secret", adding that the market is urgently searching for the next major AI story.
2 minutes ago
AMD unveils Helion AI agent rack solution, with each rack supporting up to 32,768 CPU cores.
Beating AI News (from Dongcha) – AMD today announced the launch of the AMD Helion Agent AI Rack Solution. Built on an open infrastructure design compliant with Open Compute Project (OCP) specifications, the solution is engineered to meet the computing power demands of large-scale AI agent tasks, supporting flexible combinations of CPUs and GPUs.
It offers two primary configurations: The first is a CPU-only rack powered by 6th Gen AMD EPYC processors, supporting up to 32,768 CPU cores, designed for hyperscale deployments, providing dedicated computing power for agent tasks and connecting to separate model inference infrastructure. The second is an integrated rack combining AMD EPYC CPUs, AMD Instinct MI350P GPUs, and general-purpose compute nodes, targeted at enterprise-grade agent AI applications.
AMD states that Helion supports both liquid and air cooling configurations, allowing customers to adjust CPU and GPU resources based on their workload, performance, power consumption, and cost needs. The solution also integrates open-source software and hardware plus a built-in token router, enabling the distribution of agent model calls to both frontier and open-source models.
AMD plans to submit the Helion specifications to the OCP for further community development and adoption. Currently, the solution is being developed in collaboration with ecosystem partners, with a launch scheduled for November 2026.
According to TradingBeats monitoring, a whale address 0x706d…1d6f on Hyperliquid holds 94 BTC short positions, with the position valued at approximately $7.88 million. The position uses 40x full leverage, has an average entry price of around $83,517.2, and is currently facing an unrealized loss of roughly $31,000.
The address previously built BTC long positions in batches, with the position size once swelling to about $6.6 million. It then continuously trimmed positions near $82,700 before converting all long positions to shorts. After switching to a short stance, the address kept adding to its short positions in the $83,300–$83,600 range, pushing the short size to its current level over the past half hour.
The position’s liquidation price is approximately $84,530.5. Calculated based on the BTC mark price of $83,845.5 in the snapshot, a roughly 0.8% rise in BTC would trigger the liquidation.
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Quantofi partners with Crypto.com to launch an AI-powered crypto trading analysis platform, covering 215 crypto assets.
Irish fintech firm Quantmatix’s crypto analytics platform Quantofi has partnered with Crypto.com to launch an AI-powered cryptocurrency trading analytics platform, enabling users to access market analysis signals and execute trades directly via Crypto.com Exchange. The platform, which covers 215 crypto assets, officially launched globally for commercial use on October 10. Its core is Quantmatix’s proprietary Q Score engine, which tracks over 10,000 financial instruments across more than 50 countries and regions. For the crypto market, Quantofi analyzes price momentum across five timeframes: 1-hour, 4-hour, daily, weekly, and monthly. It also provides target prices, stop-loss levels, and expected value metrics for each trading signal to quantify potential returns and risks. According to announcements from both parties, Quantofi is a Gold Tier partner in Crypto.com’s broker ecosystem. Its analysis signals are integrated with Crypto.com Exchange’s liquidity and order matching systems, aiming to combine market research and trade execution into a single platform. However, Quantofi has not disclosed independently verified historical trading performance or signal return data, so whether these metrics can consistently work in real-world markets remains to be seen.
2 minutes ago
Ledger Wallet’s European supply chain is suspected of being compromised, with two devices found to have spyware implanted.
Crypto community member Johannes posted that two Ledger hardware wallets he bought from separate MediaMarkt locations in Europe were found to contain suspected spyware and hardware tampering—including extra cables and LTE modules—and urged Ledger to immediately recall the affected products. Johannes noted MediaMarkt staff confirmed the second device was not a returned item, adding that returned Ledger products are sent directly back to the manufacturer rather than being resold as new. Store records indicate the inventory in question came from supplier Aqipa GmbH. Since this firm runs distribution operations across Europe, Johannes suspects the issue may extend to a broader range of retail stock, though no evidence has yet confirmed that Ledger’s supply chain across Europe has been widely compromised. Johannes said he has submitted the first device to relevant personnel for analysis, plans to send the second to Ledger for investigation, and released an unboxing video as proof. He warned users that if purchasing devices from non-official Ledger channels, they should inspect for any irregularities. To date, these claims stem primarily from the user’s personal disclosure; the cause of the device compromise, scope of impact, and whether a supply chain attack is involved remain unconfirmed by relevant parties including Ledger.
2 minutes ago
Viewpoint: Bitcoin needs to demonstrate buying power above $80,000; otherwise, it may further correct to the range of $76,000 to $78,000.
Renowned trader Killa posted that Bitcoin is currently retesting the price range it broke through earlier, and the market needs bulls to actively buy at current levels to confirm the range still holds support. If BTC breaks below the range again and fails to reclaim it, this could signal a breakdown in the current structure, leading to a further pullback below $80,000. Killa noted that roughly $2 billion in liquidations have already hit the market, so there is no need to sweep previous lows again to secure liquidity. If prices continue to weaken, this would instead indicate market weakness rather than bulls building up strength. He warned that the defense around $80,000 earlier may have only lured traders into positions, after which prices could still dip to the $76,000 to $78,000 range; if Bitcoin hopes to continue its upward trajectory, buying activity in the current area will be critical.
2 minutes ago
US crypto-related concept stocks reversed earlier losses to trade higher, with MSTR rising 2.04%.
According to market data from BIT (Bit.com), US crypto-related stocks have turned from losses to gains, with the following performance: MSTR up 2.04%, COIN up 2.08%, CRCL up 0.91%, SBET up 0.93%, BMNR up 1.01%, HOOD up 0.34%, and ABTC up 6.73%.
2 minutes ago
Palantir hits an all-time high, with U.S. AI application software stocks remaining active.
According to market data from BIT (Bit.com), U.S. AI software stocks remain active. Palantir (PLTR.US) rose over 1% to hit a new high, while ServiceNow (NOW.US), Shopify (SHOP.US), and Salesforce (CRM.US) gained more than 3%. SAP SE (SAP.US), Snap (SNAP.US), and Workday (WDAY.US) each climbed over 1%. On the news front, Bank of America Securities upgraded Salesforce’s rating from Underperform to Buy, sharply lifting its target price from $160 to $285. In its report, BofA noted that although revenue directly tied to AI still accounts for a small share, it is optimistic about the long-term prospects of the company’s enterprise AI. Additionally, Ben Schneider, chief U.S. equity strategist at Goldman Sachs, and TMT expert Pete Callahan pointed out that the AI investment narrative is shifting from semiconductor capital expenditure to application-layer areas such as the "inference economy" and personal agents. Callahan bluntly stated that "programming AI is no longer a market secret", adding that the market is urgently searching for the next major AI story.
2 minutes ago
AMD unveils Helion AI agent rack solution, with each rack supporting up to 32,768 CPU cores.
Beating AI News (from Dongcha) – AMD today announced the launch of the AMD Helion Agent AI Rack Solution. Built on an open infrastructure design compliant with Open Compute Project (OCP) specifications, the solution is engineered to meet the computing power demands of large-scale AI agent tasks, supporting flexible combinations of CPUs and GPUs.
It offers two primary configurations: The first is a CPU-only rack powered by 6th Gen AMD EPYC processors, supporting up to 32,768 CPU cores, designed for hyperscale deployments, providing dedicated computing power for agent tasks and connecting to separate model inference infrastructure. The second is an integrated rack combining AMD EPYC CPUs, AMD Instinct MI350P GPUs, and general-purpose compute nodes, targeted at enterprise-grade agent AI applications.
AMD states that Helion supports both liquid and air cooling configurations, allowing customers to adjust CPU and GPU resources based on their workload, performance, power consumption, and cost needs. The solution also integrates open-source software and hardware plus a built-in token router, enabling the distribution of agent model calls to both frontier and open-source models.
AMD plans to submit the Helion specifications to the OCP for further community development and adoption. Currently, the solution is being developed in collaboration with ecosystem partners, with a launch scheduled for November 2026.
TLDR: Hyperliquid matches orders block by block and prioritizes cancellations within each block, says Xu. Xu links Hyperliquid’s order book depth to its market maker friendly design versus many exchanges. Xu says the design offers another approach for long-tail assets that have limited liquidity. Xu blames the October 10 liquidations partly on USDe being treated like a stablecoin as collateral. Star Xu says the Hyperliquid matching engine is more market maker friendly than the systems used by centralized exchanges. The OKX founder shared the view on the New Era Finance Podcast with host Michael.
He said Hyperliquid matches orders block by block and gives cancellations priority within each block. Market makers can therefore cancel orders ahead of takers. Xu also covered MiCA, customer protection, and the October 10 market turmoil during the discussion.
How the Hyperliquid Matching Engine Works Xu said the Hyperliquid matching engine differs fundamentally from centralized order book exchanges in its technical design. Centralized exchanges process orders individually. Hyperliquid, by contrast, matches orders in blocks.
Within each block, the system prioritizes cancellations. Under the Hyperliquid matching engine, market makers can therefore cancel orders ahead of takers. Xu called this design market maker friendly.
Xu believes this design explains why Hyperliquid’s order book depth appears better than that of many centralized exchanges. He added that the Hyperliquid matching engine offers another approach for long-tail assets with limited liquidity.
Xu made the comments while discussing crypto’s evolution. He said repeated crises, from early Bitcoin attacks and Mt. Gox to FTX, tested the sector.
Each episode also prompted improvements, in his view. He sees blockchain as a base for more efficient finance through self-custody, stablecoins, and tokenized assets.
Trust, Risk Controls, and the October 10 Turmoil Xu described MiCA as an important step toward consistent crypto regulation across Europe. He noted the compliance challenges OKX faced while entering the market.
He said international growth depends on earning customer and regulator trust through transparent operations and stronger governance.
He pointed to board oversight, compliance and risk functions, monthly proof-of-reserves reports, and external auditing. OKX also plans to pursue a public listing. Xu said these steps increase accountability.
Xu said safeguarding customer funds matters more than aggressive growth. Exchanges, he added, should follow financial rules and earn money from technology and services.
He recommends self-custody for users who can manage keys securely, though wallets can be vulnerable. He also warns against unusually high yields and demands to “just trust” an exchange.
Xu attributed the cascading October 10 liquidations partly to USDe being treated like a stablecoin and accepted as derivatives collateral. He described USDe as a higher-risk, hedge-fund-like product.
Leveraged borrowing against it could magnify returns but also amplify losses when prices moved. Xu argued that tighter risk controls and regulated derivatives venues could help prevent such episodes.
Looking ahead, Xu expects crypto to expand beyond trading into everyday financial services. These include wallets for holding money, blockchain payments, and tokenized equities.
He also expects on-chain asset-management tools that let users keep control of their funds. He is optimistic these technologies could become widely used financial infrastructure.
The loss-funded venue booked more revenue than Pump.fun and Hyperliquid in the latest shared full-day data, while its house pool held about $4.27 million.
The loss-funded venue booked more revenue than Pump.fun and Hyperliquid in the latest shared full-day data, while its house pool held about $4.27 million.
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TSMC is scheduled to release its third-quarter financial results on October 15. Bloomberg projects the company’s Q3 revenue will reach approximately NT$1.49 trillion (around $46.7 billion), up 51% year-over-year, exceeding both market expectations and its previous guidance upper limit. The current market focus is whether the ramp-up of advanced process nodes can continue to drive performance beyond expectations. The 2nm node is viewed as a key growth driver. Bank of America forecasts its revenue share will rise from 3% in Q2 to roughly 11% in Q3, and further to 18% in Q4; however, yield ramp and overseas expansion may pressure gross margins. The bank projects TSMC’s Q3 and Q4 gross margins at 67.0% and 67.8% respectively, with a target price of NT$3,260; HSBC is more optimistic, setting a target price of NT$3,800. According to TradingBeats’ monitoring, the TSM perpetual contract on Hyperliquid is currently quoted at $455.16, up about 0.4% from the previous day’s settlement price, with a 24-hour trading volume of around $563,000 and an open interest nominal value of approximately $7.71 million. Ahead of the earnings release, address 0xfd6a…7737 holds roughly 3,001 TSM perpetual long positions, with a nominal position value of around $1.37 million and an average entry price of about $437.5.
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Quantofi partners with Crypto.com to launch an AI-powered crypto trading analysis platform, covering 215 crypto assets.
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Kripto para piyasasında uzun vadeli yatırım fırsatları yeniden gündeme gelirken Bitwise Baş Yatırım Direktörü (CIO) Matt Hougan, gelecekte öne çıkabilecek kripto varlıklara ilişkin dikkat çekici değerlendirmelerde bulundu. Ethereum (ETH), Solana (SOL), Chainlink (LINK) ve Hyperliquid (HYPE) projelerine dikkat çeken Hougan, stablecoinlerin ve varlık tokenizasyonunun önümüzdeki on yılda kripto sektörünün büyümesini destekleyebileceğini belirtti. Ünlü yönetici ayrıca Bitcoin’in uzun vadede yüz binlerce dolara ulaşabileceğini öngördü.
Matt Hougan’dan 4 Altcoin Açıklaması Bitwise Baş Yatırım Direktörü Matt Hougan, kripto para piyasasının uzun vadeli büyüme potansiyelini değerlendirirken özellikle Ethereum, Solana, Chainlink ve Hyperliquid projelerine dikkat çekti.
Hougan, Bitcoin, Ethereum, Solana ve Chainlink’i para birimlerinin değer kaybı ve tokenizasyon gibi uzun vadeli eğilimlerden yararlanabilecek önemli kripto varlıklar arasında gösterdi. Hyperliquid’in de bu gruba potansiyel olarak dahil olabileceğini ifade etti.
Özellikle Ethereum ve Solana’nın blockchain tabanlı finansal uygulamalardaki rolü, Chainlink’in veri altyapısı ve Hyperliquid’in merkeziyetsiz finans alanındaki faaliyetleri, söz konusu projeleri uzun vadeli büyüme beklentileri açısından öne çıkarıyor. Bununla birlikte Hougan, Zcash’in gizlilik odaklı yaklaşımına ve Venice’in yapay zeka uygulamalarına da değinerek farklı sektörlerde faaliyet gösteren kripto projelerinin rekabetine dikkat çekti.
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Matt Hougan’ın özellikle üzerinde durduğu projelerden biri Chainlink (LINK) oldu. Ünlü yönetici, Chainlink’in temel faaliyetlerinin güçlü olduğunu ve token ekonomisinde yapılabilecek iyileştirmelerin yatırımcılar açısından önemli fırsatlar oluşturabileceğini belirtti. Hougan’a göre kripto projelerinin yalnızca teknolojik gelişmelere odaklanması yeterli değil. Protokollerin oluşturduğu ekonomik değerin token sahiplerine nasıl yansıtıldığı da uzun vadeli başarı açısından önem taşıyor. Bu kapsamda token geri alımları, gelir paylaşımı, daha düşük token enflasyonu ve şeffaf kilit açılış takvimleri öne çıkan başlıklar arasında bulunuyor. Hougan, kripto topluluklarının gelecekte projeleri token sahipleriyle daha güçlü ekonomik bağlar kurmaya yönlendirebileceğini düşünüyor.
Bitcoin İçin Yüz Binlerce Dolarlık Tahmin Matt Hougan, altcoin projelerinin yanı sıra Bitcoin’in uzun vadeli fiyat potansiyeline ilişkin de dikkat çekici açıklamalarda bulundu. Hougan’a göre geleneksel yatırımcıların portföylerinin bir bölümünü Bitcoin ve altına ayırması, kripto para piyasasına önemli miktarda sermaye girişi sağlayabilir. Özellikle artan kamu borçları, devlet harcamaları ve itibari para birimlerinin satın alma gücüne ilişkin endişeler, Bitcoin’e yönelik alternatif değer saklama aracı talebini artırabilecek faktörler arasında gösteriliyor. Hougan, röportajında şu ifadeleri kullandı:
“Böyle bir düşünce ana akıma ulaşırsa, Bitcoin’e büyük akışlar görebilirsiniz.”
Ünlü yönetici, bu senaryonun gerçekleşmesi durumunda Bitcoin fiyatının uzun vadede yüz binlerce dolara ulaşabileceğini öngördü. Ayrıca Bitcoin’i risk ve getiri dengesi açısından kripto piyasasındaki en güçlü yatırım seçeneklerinden biri olarak değerlendirdi.
Bitwise CIO’su Matt Hougan, önümüzdeki on yılda kripto para sektörünün gelişimini şekillendirebilecek iki önemli eğilime dikkat çekti: stablecoinlerin yaygınlaşması ve gerçek dünya varlıklarının tokenizasyonu.
Hougan, değerlendirmesinde şu ifadeleri kullandı: “İki mega trend değer düşmesi ve stabilcoinlerin yükselişi ile tokenizasyondur.”
Stablecoinlerin küresel ödeme sistemlerinde daha fazla kullanılması ve hisse senedi, tahvil gibi geleneksel finansal varlıkların blockchain üzerinde temsil edilmesi, kripto altyapısına yönelik talebi artırabilir. Bununla birlikte kurumsal yatırımcıların sektöre katılımı, düzenleyici gelişmeler ve merkeziyetsiz finans (DeFi) uygulamalarının büyümesi de önemli faktörler arasında bulunuyor. Hougan, yatırımcıların bu gelişmeleri kısa vadeli fiyat dalgalanmalarından ziyade birkaç yıllık bir perspektifle değerlendirmesi gerektiğini savunuyor.
Değerlendirme Bitwise CIO’su Matt Hougan, Ethereum, Solana, Chainlink ve Hyperliquid projelerini uzun vadeli büyüme potansiyeli açısından dikkat çekici kripto varlıklar arasında değerlendirdi. Özellikle stablecoinlerin benimsenmesi, varlık tokenizasyonu ve kurumsal yatırımların artması, önümüzdeki yıllarda kripto para piyasasının gelişimini destekleyebilir. Hougan’ın Bitcoin için yüz binlerce dolarlık fiyat senaryosu ise geleneksel yatırımcıların kripto varlıklara daha fazla sermaye ayırması beklentisine dayanıyor. Ancak bu öngörülerin gerçekleşmesi piyasa koşullarına ve sektördeki gelişmelere bağlı olacak.
Son Dakika kripto para haberleri için hemen tıkla.
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At 15:42 UTC on October 11, Papertrade acknowledged overnight manipulation attempts against the Hyperliquid best-bid-and-offer feed used for its $BTC and $ETH markets. The team said the exchange had a $5m liquidity pool one day after launch and had paid 25M to stakers. It also said it had begun tightening open-interest caps onchain and at the relayer level.
The statement did not identify the wallets, give transaction hashes, or quantify the LP loss from the attempts. Papertrade said one user who initially won continued through new accounts and ultimately returned almost all of that profit to the house. It also said some users agreed to undo manipulated trades in exchange for the PAPER they had farmed. Those assertions came from the team and were not accompanied by an onchain incident report.
Why the BBO can be moved Papertrade does not execute a corresponding perpetual trade on Hyperliquid. Its smart contract creates a synthetic swap between the trader and Papertrade’s LP. The contract records Hyperliquid’s order-book midpoint at entry, reads it again at close, and settles the resulting profit or loss against the LP. There is no Papertrade order book, matching engine, or second trader on the other side.
The protocol reads the best bid and best ask through Hyperliquid’s BBO precompile at 0x000000000000000000000000000000000000080e. Its execution price is the midpoint of those two values. The documentation says the precompile returns consensus-verified HyperCore state, with no offchain signer or separate oracle committee.
That direct connection also creates the manipulation path. Papertrade’s documentation says an actor can try to widen the spread or move the inside quote on Hyperliquid for a block, then trade against the distorted midpoint on Papertrade. The oracle rejects a zero value or a crossed book where the ask is below the bid. It has no maximum-deviation check, time-weighted-price check, or lookback breaker. A nonzero, uncrossed quote can therefore pass even when someone has moved it.
Papertrade’s risk documentation gives a smaller-scale version of the same problem. A limit order can sit inside Hyperliquid’s natural spread without filling, change the best bid or ask, and shift the midpoint by a tick or two. The pricing pipeline has no independent reference price against which it can reject that quote.
What the cap change does Papertrade said the launch caps were deliberately permissive because queued demand had congested the exchange. The team argued that tighter caps during that period would have made the queue slower, while uncertain confirmation times made the manipulation strategy harder to time. Once congestion declined, it started reducing caps both in the contract and in the relayer.
The caps constrain how much new directional exposure can be added. Each instrument has separate long and short limits, and an opening trade reverts if it would take the selected side above its cap. The published launch policy targeted current open interest plus $1 billion of additional asset exposure on each side. The keeper was meant to leave that limit unchanged while headroom remained inside a 10% band, from $900M to $1.1B.
A lower cap reduces the position size available to a trader trying to profit from a moved quote. It does not validate the BBO or limit the loss on positions already open. Papertrade’s own risk page says the caps are neither a total-open-interest ceiling nor a protocol-loss ceiling. The team described manipulation as always possible in this design and said its objective is to set parameters that make an attempt almost never profitable.
The protocol also uses two economic controls. A 0.2 bps deadband removes very small gains before the profit calculation proceeds. An asymmetric-impact curve then applies its largest haircut to the smallest profitable price moves. The documentation says neither control proves manipulation is unprofitable, and a manipulated quote can still pass the oracle.
What traders and stakers face Papertrade offers $BTC and $ETH positions with leverage up to 1000x. A single position can have at most $10M of notional exposure. Positions execute without slippage at the observed midpoint, and profitable closes pay a 2% win fee after the asymmetric-impact adjustment. These terms make the integrity of one block’s BBO directly relevant to both the trader and the LP.
Every trade settles against the same $USDC LP. The LP takes the opposite side of each position, so a payout caused by a distorted close comes from the same bankroll used for other winners. If the LP cannot pay a profitable close immediately, the unpaid profit enters a first-in, first-out queue and future trader losses refill it. The documentation says original margin from an available balance is returned immediately, while only unpaid profit is queued. A moved BBO can therefore affect LP capital, the timing of winner payouts, and the rewards available to PAPER stakers.
Operators retain two direct controls over new risk. The market keeper can lower a market’s long or short cap to zero without freezing the live BBO used for closes. The pause guardian can permanently retire a market identifier, freeze its BBO at retirement, and leave existing positions closeable at that frozen price. A separate global gate can halt new positions across all markets while closes continue against live prices.
Papertrade has also scheduled an LP reward-cap change from $5m to $10m shortly after 18:45 UTC on October 17. Excess bankroll above that cap is distributable to stakers, so the higher threshold changes when LP gains become available for distribution. The next risk check is whether the tighter directional caps prevent another profitable BBO manipulation attempt before that parameter change takes effect.
Chinese police have launched a case for investigation against companies linked to Yixin, whose affiliated funds previously participated in financing for crypto projects such as Circle and Figure.
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Chinese police have launched a case for investigation against companies linked to Yixin, whose affiliated funds previously participated in financing for crypto projects such as Circle and Figure.
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The community-driven DeepSeek Bot has gone open-source: Form an AI team with just one sentence.
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3 minutes ago
RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.
According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.
3 minutes ago
Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.
Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.
3 minutes ago
Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.
U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Chinese police have launched a case for investigation against companies linked to Yixin, whose affiliated funds previously participated in financing for crypto projects such as Circle and Figure.
Beijing Chaoyang District Public Security Bureau has issued a police notice stating that it has recently filed a criminal investigation against relevant companies of Chinese fintech firm CreditEase on suspicion of illegal crimes. Multiple suspects including actual controllers Tang * (male, 53) and Zhao * (female, 51) have been lawfully taken criminal compulsory measures. The police noted that they are currently fully committed to investigating the case, urging investors to actively cooperate with investigation and evidence collection, while warning against fraudsters committing fraud under pretexts such as "early redemption". CreditEase is a Chinese fintech company founded by Tang Ning. It previously operated P2P products, with its subsidiary Yirendai listed on the New York Stock Exchange. Since May 22 this year, CreditEase has fully suspended redemption of its fixed-income-like products and launched a so-called "benign liquidation" involving about 30 billion yuan, affecting nearly 100,000 high-net-worth clients. Four months after the redemption suspension, CreditEase recently sent apology letters to clients, admitting that the group may be insolvent with a large debt repayment gap. CreditEase has extensive presence in wealth management and investment businesses. Public information shows that its subsidiaries' funds have directly participated in financing of crypto-related projects including Circle, Figure, Poko, and Cashmere Wallet, and it has invested as a limited partner (LP) in multiple traditional VC funds. CreditEase has an entity in Singapore: CreditEase Asset Management (Singapore) Pte. Ltd., which holds a license from the Monetary Authority of Singapore (MAS) and is mainly engaged in asset management business.
3 minutes ago
The community-driven DeepSeek Bot has gone open-source: Form an AI team with just one sentence.
Insight Beating AI News: Indie developer FeiZ has open-sourced DeepSeek Bot (DS Bot), an unofficial plugin built on DeepSeek Harness (DSH). Once installed, users can create multiple specialized bots, each configured with its own model to execute tasks and collaborate with one another. Each bot features independent sessions and long-term memory, enabling it to recall user preferences. When conversations become lengthy, the plugin automatically compresses context and can search earlier chat records. Memories are stored locally as Markdown files, with team sharing support available. On first launch, the system includes a default "Chief" supervisor bot—users only need to indicate required roles, and it will create other bots and group chats as needed. Group chats default to admin responses, with other members called on demand to avoid all bots participating each time, thus reducing token consumption. Users can also directly @mention specific members. The plugin supports scheduled tasks and token usage tracking by bot and model. It can be installed by entering `ds-bot` in the plugin page of desktop clients, and is also accessible on web versions. The developer plans to add support for local Agent integration in the future. The project is open-sourced under the Apache 2.0 license and remains in the early stages of development.
3 minutes ago
Upbit to list RSR trading pairs with KRW and USDT.
According to official announcements, Upbit will list RSR trading pairs against the South Korean won (KRW) and USDT. Trading is scheduled to start at 14:05 local time in South Korea on October 12.
3 minutes ago
RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.
According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.
3 minutes ago
Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.
Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.
3 minutes ago
Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.
U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Chinese police have launched a case for investigation against companies linked to Yixin, whose affiliated funds previously participated in financing for crypto projects such as Circle and Figure.
Beijing Chaoyang District Public Security Bureau has issued a police notice stating that it has recently filed a criminal investigation against relevant companies of Chinese fintech firm CreditEase on suspicion of illegal crimes. Multiple suspects including actual controllers Tang * (male, 53) and Zhao * (female, 51) have been lawfully taken criminal compulsory measures. The police noted that they are currently fully committed to investigating the case, urging investors to actively cooperate with investigation and evidence collection, while warning against fraudsters committing fraud under pretexts such as "early redemption". CreditEase is a Chinese fintech company founded by Tang Ning. It previously operated P2P products, with its subsidiary Yirendai listed on the New York Stock Exchange. Since May 22 this year, CreditEase has fully suspended redemption of its fixed-income-like products and launched a so-called "benign liquidation" involving about 30 billion yuan, affecting nearly 100,000 high-net-worth clients. Four months after the redemption suspension, CreditEase recently sent apology letters to clients, admitting that the group may be insolvent with a large debt repayment gap. CreditEase has extensive presence in wealth management and investment businesses. Public information shows that its subsidiaries' funds have directly participated in financing of crypto-related projects including Circle, Figure, Poko, and Cashmere Wallet, and it has invested as a limited partner (LP) in multiple traditional VC funds. CreditEase has an entity in Singapore: CreditEase Asset Management (Singapore) Pte. Ltd., which holds a license from the Monetary Authority of Singapore (MAS) and is mainly engaged in asset management business.
3 minutes ago
The community-driven DeepSeek Bot has gone open-source: Form an AI team with just one sentence.
Insight Beating AI News: Indie developer FeiZ has open-sourced DeepSeek Bot (DS Bot), an unofficial plugin built on DeepSeek Harness (DSH). Once installed, users can create multiple specialized bots, each configured with its own model to execute tasks and collaborate with one another. Each bot features independent sessions and long-term memory, enabling it to recall user preferences. When conversations become lengthy, the plugin automatically compresses context and can search earlier chat records. Memories are stored locally as Markdown files, with team sharing support available. On first launch, the system includes a default "Chief" supervisor bot—users only need to indicate required roles, and it will create other bots and group chats as needed. Group chats default to admin responses, with other members called on demand to avoid all bots participating each time, thus reducing token consumption. Users can also directly @mention specific members. The plugin supports scheduled tasks and token usage tracking by bot and model. It can be installed by entering `ds-bot` in the plugin page of desktop clients, and is also accessible on web versions. The developer plans to add support for local Agent integration in the future. The project is open-sourced under the Apache 2.0 license and remains in the early stages of development.
3 minutes ago
Upbit to list RSR trading pairs with KRW and USDT.
According to official announcements, Upbit will list RSR trading pairs against the South Korean won (KRW) and USDT. Trading is scheduled to start at 14:05 local time in South Korea on October 12.
3 minutes ago
RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.
According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.
3 minutes ago
Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.
Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.
3 minutes ago
Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.
U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.
The ranking of the top ten largest cryptos, excluding stablecoins, is evolving. Zcash, Monero and Hyperliquid are now entering the list, while Cardano and Chainlink are falling back. This reshuffle reflects a capital rotation towards more volatile assets, as several major cryptos go through a difficult period.
In brief Zcash ($1,227, 20.8 billion dollars capitalization), Hyperliquid ($85, 19 billion) and Monero ($534, 10.1 billion) enter the top 10 excluding stablecoins. Cardano ($0.25, 9.3 billion) and Chainlink ($12.9, 9.9 billion) leave this group. Over one year, Zcash rises by about 418%, Hyperliquid by 131% and Monero by 79%. Meanwhile, Cardano loses 61% and Chainlink 25%. Three entries, two exits This reshuffle has been built progressively. At the end of September, we already mentioned the $24.5 billion valuation gained by Zcash and Monero in five months. Since then, their progress has contributed to changing the market hierarchy.
According to CoinGecko data, Zcash shows a capitalization of $20.8 billion, ahead of Hyperliquid, at $19 billion, and Monero, at $10.1 billion. Conversely, Cardano now weighs only $9.3 billion and Chainlink $9.9 billion. The two cryptocurrencies now occupy the fifteenth and seventeenth places in the overall ranking, which includes stablecoins.
The performances over twelve months illustrate this contrast even better. Zcash gains about 418%, Hyperliquid 131%, and Monero 79%. Cardano and Chainlink follow the opposite trend, with respective losses of 61% and 25%.
Privacy-focused cryptos regain momentum Zcash crossed back above the $1,000 threshold in September, a first since 2018, as we explained in this article: Zcash crosses back above $1,000 for the first time since 2018.
The price then reached $1,653 on September 27 before correcting by about 25%. Despite this pullback, Zcash shows an increase of more than 500% since its low point of March 8, at $197.
This surge, however, raises questions. In October, hackers turned to Zcash to cover their tracks after the Bitget hack. Such use could increase regulators’ distrust.
Additionally, speculation remains high: on October 11, open positions on perpetual contracts reached $3.58 billion, or about 17% of Zcash’s capitalization.
Monero also benefits from this interest in privacy. Its annual rise of 79% allows it to slightly surpass Chainlink in capitalization, despite a less spectacular increase than Zcash.
Hyperliquid benefits from the market rotation Hyperliquid follows another trajectory. The platform specializing in decentralized perpetual contracts has seen its token increase by 131% in one year, bringing its capitalization close to $19 billion.
This performance confirms the arrival of new players among the largest cryptocurrencies, as also illustrated by NEAR’s entry into the top 20 with a valuation of $7.2 billion.
Meanwhile, several market heavyweights retreat. Over twelve months, bitcoin loses about 25%, ether 33%, BNB 34%, Solana 38%, and XRP nearly 42%. This weakness favors the reshuffle of the ranking, although it does not guarantee a lasting rotation towards riskier assets.
Finally, gaps remain tight between several cryptos. Monero, Cardano and Chainlink are within less than a billion dollars of capitalization from each other. A few sessions of increase or decrease could therefore be enough to again change the ranking.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Upbit to list RSR trading pairs with KRW and USDT.
According to official announcements, Upbit will list RSR trading pairs against the South Korean won (KRW) and USDT. Trading is scheduled to start at 14:05 local time in South Korea on October 12.
18 minutes ago
RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.
According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.
18 minutes ago
Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.
Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.
18 minutes ago
Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.
U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.
18 minutes ago
A certain whale took a 10x short position on ENA, with returns reaching 560%.
According to TradingBeats monitoring, a Hyperliquid whale address 0x45d2…4029 holds approximately 6.416 million ENA short positions, with a position value of around $1.54 million, using 10x full leverage at an average entry price of roughly $0.552. The address is currently sitting on an unrealized profit of about $2 million, translating to a position return of approximately 564.5% based on the initial leverage. This address has held ENA short positions since late September. As of press time, the ENA contract’s mark price is around $0.24, some 56.5% lower than the address’s average entry price.
18 minutes ago
Former Acting Chair of the CFTC: No congressional legislation is needed, as the existing framework is sufficient to regulate the crypto market.
Former acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) and current Chief Legal Officer and Chief Administrative Officer at MoonPay, Caroline Pham, stated that the Commodity Exchange Act grants the CFTC broad regulatory authority, meaning the existing regulatory framework can cover emerging commodity sectors like crypto assets without waiting for congressional legislation. Pham believes the CFTC’s recently proposed rules will help strengthen protections for U.S. retail crypto traders. She noted that integrating relevant transactions into strictly regulated trading platforms is more conducive to investor protection than separate regulation by individual U.S. state laws. On stablecoins and tokenized deposits, Pham said tokenized deposits are more suited for wholesale financial markets. If all trades in a single trading day were settled via real-time atomic settlement on a blockchain, the required cash volume could hit $15 trillion—an amount existing funds cannot support. Banks currently offset counterparties’ receivables and payables through net settlement, so tokenized deposits will play a key role in wholesale markets; stablecoins, by contrast, are better for scenarios where counterparties lack trust and need to mitigate settlement risk. Additionally, Pham projects that over the next two years, the New York Stock Exchange (NYSE) and Nasdaq will begin listing genuine tokenized stocks and generate substantial trading volume. She stressed that real tokenized stocks should retain shareholder rights such as voting power, distinguishing them from synthetic tokens not approved by the issuing company.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP (XRP): Trading near $1.395 after falling from a late-September high near $1.66, with a weak bounce and low volume. Holding $1.35 is key, and a close above $1.45 would strengthen the recovery, while a close below $1.35 would point toward $1.32 or lower.Zcash (ZEC): Trading near $1,236 after a steep drop from a late-September high near $1,700, and holding above $1,190 support even though the longer-term trend is still up. A close above $1,300 would favor buyers, while a break below $1,190 could open the way toward $1,100.Hyperliquid (HYPE): Trading near $85.24 after falling from a late-September peak near $98, and testing $83 support. A close above $88 would strengthen the bounce, while a close below $83 could push it toward $78.Shiba Inu (SHIB): Trading near $0.00000542, below its long-term average near $0.00000560, with buyers defending the $0.00000530 area. A close above $0.00000560 would shift momentum back to buyers, while a close below $0.00000510 could lead toward the $0.00000450 to $0.00000470 range.Can XRP Buyers Hold $1.35?XRP is trading near $1.395 after a sharp drop from its late-September high near $1.66. The coin fell hard on October 6 and 7, then found support near $1.32. Buyers have pushed it back up, but the bounce is weak so far. The main trend still leans down.
XRP sits just under the 50-day average near $1.40, and the long-term average near $1.34 is right below. Price has bounced off that line before, so it matters. Volume has been low in the past couple of sessions, which means the market lacks conviction.
Support sits at $1.35 and then at $1.32, the recent low. A deeper level is near $1.25, where the August rally started. Resistance is at $1.45, followed by the $1.50 zone, where sellers stepped in twice in late September and early October.
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If XRP closes above $1.45 with rising volume, the bounce gains strength. The next target is $1.50, and a clean break above it could open the way toward $1.60. Holding $1.35 on any pullback would support this view.
If XRP closes below $1.35, the bounce fails. The next stop is $1.32, and a break below that could send price toward $1.25. Losing $1.25 would weaken the bullish trend from the summer.
Zcash (ZEC) Price Analysis: Can Buyers Defend $1,200?Zcash is trading near $1,236 after a steep fall from its late-September high near $1,700. The drop was sharp, but the coin has stopped falling for now. It bounced from about $1,190 on October 10 and is holding above that level.
The larger trend is still up. ZEC stays far above its long-term average near $750, and that gap shows how strong the rally has been since August. The short-term trend has turned weaker, though, because price is now below the recent swing highs.
ZEC/USDT Chart by TradingViewSupport sits at $1,190, the level tested this week. Below that, the next zone is $1,100, where a deeper wick formed. Resistance is at $1,300, which matches the short-term average. Above that, the $1,350 area and the old breakdown zone near $1,400 are the next hurdles.
If ZEC closes above $1,300 with strong volume, buyers regain control. The next target is $1,400, and a move above $1,500 could bring back the late-September highs. Holding $1,190 on any dip would support this view.
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If ZEC closes below $1,190, the bounce fails. The next stop is $1,100, and a break below that could send price toward $1,000. Losing the $1,000 area could signal that the rally has lost its footing.
Volume has been light, so a clean move in either direction will likely need a bigger push in trading activity.
Hyperliquid Tumbles DownHyperliquid and Shiba Inu have both dropped from their late-September highs, but their charts tell different stories. HYPE trades near $85.24, while SHIB sits near $0.00000542. Both coins are testing support, so the next couple of sessions matter.
HYPE/USDT Chart by TradingViewHYPE peaked near $98 in late September and then fell to about $83. It has bounced slightly and now trades near $85. Price sits just above the short-term average near $84 and below the $88 area. The longer-term trend stays up, since HYPE remains well above its main averages near $64 and $76.
Support is at $83, the recent low, followed by $78 to $80, where the September breakout started. Resistance is at $88, then the $92 area, where sellers stepped in twice in early October.
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If HYPE closes above $88 with strong volume, the bounce gains strength. The next target is $92, and a move above $95 might test the late-September high near $98.
If HYPE closes below $83, the bounce fails. The next stop is $78, and losing that level could push price toward $74.
Shiba Inu's Wider TrendSHIB is still trading below its long-term average near $0.00000560, which keeps the wider trend weak. Price has held above $0.00000530 in the past few sessions, though, so buyers are defending that area. Support sits at $0.00000530, then $0.00000510, where a deeper wick formed on October 6. Resistance is at $0.00000560, followed by $0.00000580.
SHIB/USDT Chart by TradingViewIf SHIB closes above $0.00000560, the trend shifts back in buyers' favor. The next target is $0.00000580, and a push above $0.00000600 might retest the late-September high.
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If SHIB closes below $0.00000510, the support zone fails. The next stop is the $0.00000470 to $0.00000450 area, where the summer lows formed.
For HYPE, watch whether it can hold $83 and reclaim $88. For SHIB, watch whether it can close above $0.00000560. Until either coin breaks its range, both are likely to stay in a tight, cautious pattern.
TLDR: Papertrade exploit allegations involve two wallets’ reported $20 million Hyperliquid orders, 10–20 basis points of ETH movement, and much larger Papertrade longs. Papertrade uses Hyperliquid’s best bid and offer midpoint for synthetic fills, creating a documented price-reference risk that remains an allegation in this case. Hyperliquid uses separate oracle and mark prices for its own margin and liquidation safeguards, so the claims do not establish a breach of its native systems. No independent wallet analysis, verified loss amount, compensation plan or Papertrade response was available in the October 11 reports reviewed. Papertrade exploit allegations surfaced October 11. X user Boblob (@Dr_bobo54) claimed two wallets placed roughly $20 million each in Ether trades on Hyperliquid. He said the trades moved ETH quotes 0.1%–0.2%. The wallets allegedly held leveraged Papertrade positions worth hundreds of millions of dollars.
Trader Rune (@RuneCrypto_) shared the warning. No independent analysis had confirmed the manipulation, wallet identities, profits or losses. Papertrade had not issued a confirmed public response in reports published that day. Claims focus on its pricing design. Papertrade uses Hyperliquid’s best bid and offer midpoint to price synthetic trade entries and exits. The market impact remains unclear.
The researcher said orders shifted ETH quotes roughly 10 to 20 basis points. A basis point equals 0.01%, making that move approximately 0.1% to 0.2%. He claimed the same wallets held long positions on Papertrade, with combined nominal exposure in the hundreds of millions. Long positions can magnify small quote changes when notional exposure far exceeds the margin posted by the trader.
Rune flagged the Papertrade exploit risk in its own published risk disclosures. However, initial reports did not include wallet addresses, transaction hashes or independent transaction analysis. The Papertrade exploit remains unverified; public claims have not established that any account profited from the price moves.
Papertrade launched recently on HyperEVM, the smart-contract environment connected to Hyperliquid. It uses synthetic swaps between each trader and its liquidity pool, rather than matching users through a Papertrade order book. When a position opens or closes, the protocol reportedly reads Hyperliquid’s best bid and best offer. It uses their midpoint as the fill price. The platform supports leverage up to 1,000 times on supported Bitcoin and Ethereum markets.
The Papertrade exploit theory centers on the use of another venue’s midpoint as a reference price. A new order can shift the best bid or offer before it executes. Rune argued that such a move could change Papertrade’s quoted price while a much larger position remains open. The documentation reportedly identifies manipulation of the best bid and offer as an unresolved risk. That risk disclosure does not prove the suspected wallets exploited it.
Hyperliquid Price Safeguards Differ From Papertrade BBO The alleged Papertrade exploit concerns how the protocol uses external prices, not evidence of a Hyperliquid system breach. Hyperliquid’s native perpetuals use separate oracle and mark prices for trading safeguards. Its oracle price is a weighted median of centralized exchange prices and updates about every three seconds.
The mark price combines several inputs, including Hyperliquid order-book prices and data from other trading venues. Hyperliquid uses it to calculate unrealized profit and loss, determine margin requirements and trigger liquidations. Papertrade’s reported BBO midpoint serves a different function: it determines synthetic trade entries and exits. The distinction matters when assessing which system may have been affected.
A separate, unaffiliated PaperJet description says Papertrade’s liquidity pool starts at zero and grows from traders’ realized losses. It also says profitable closes may wait in a queue if the pool lacks funds. PAPER tokens can be minted after eligible trading losses, and stakers may receive USDC distributions. Those mechanics describe possible settlement constraints, not confirmed effects from the current allegations.
A Hyperliquid-linked SK Hynix perpetual contract dropped 17.9% in July. An unusual South Korean transaction then affected its external price reference. Trade.xyz later said it would cover qualifying liquidation losses. That case involved a different contract and pricing arrangement; it does not confirm the Papertrade allegations.
Reports published October 11 did not establish whether the Papertrade exploit affected the pool. They left withdrawals and queued claims unconfirmed. The reports also lacked verified wallet identities, a loss amount, compensation or a timetable for changing the midpoint-based pricing system.
According to official website data, the synthetic perpetual protocol Papertrade built on HyperEVM has been live for 24 hours as of 22:00 Beijing time yesterday. The platform’s cumulative notional trading volume exceeds $678 billion, its current Total Value Locked (TVL) stands at $77.8 million, and open interest (OI) hits $1.3 billion — a sharp drop of around 60% from $3.3 billion 12 hours ago. The total margin for all existing positions is $14.34 million, down roughly 30% from $20.29 million 12 hours ago. Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM. It fetches prices from the mid-price of Hyperliquid’s order book’s Best Bid/Offer (BBO), with users trading directly against the protocol’s liquidity providers (LPs) instead of relying on traditional order book matching. The protocol’s key features include high leverage, zero slippage, and no funding fees. Its native token PAPER has an initial supply of zero, with no pre-mining, team, or venture capital (VC) allocations. The only source of token minting is user losses or liquidations. During its early launch phase, the token is not freely transferable and is primarily used for staking.
Iran's top security official: The U.S. response to Iran's latest proposal is 'insufficient'
According to Iran's Fars News Agency, the Secretary of Iran's Supreme National Security Council stated that the United States' response to Iran's latest proposal is "insufficient". The U.S. needs to clarify issues that remain unclear to the Iranian side. The U.S. has accepted some of our conditions, while other issues remain unclear.
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Analysis: 53% of Bitcoin's holdings are concentrated above $83,000, with the $84,000 to $85,000 range serving as a key breakout level.
Crypto analyst Darkfost notes that approximately 53% of total invested capital is concentrated above Bitcoin’s current price level of around $83,000, meaning buying Bitcoin at this level would put your holding cost lower than more than half of existing investors. The $84,000–$85,000 range is the largest cluster of trading positions; many investors react at this key level, making it Bitcoin’s core resistance that it must break through. Moving lower, the $79,000–$77,000 range may act as a support level. If the price fails to effectively break through the $84,000–$85,000 range, the market may first retest this support zone. Once the price breaks above this dense position cluster with significant trading volume and holds steady there, it will mean the cost pressure for most existing holders has been absorbed, and subsequent upward resistance will ease noticeably.
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Onchain derivatives protocol Variational, built on Arbitrum, has announced a campaign to distribute over $1 million and 150,000 platform points to the chain’s top 10,000 most active perpetual contract traders (excluding market makers) to attract their onboarding. Eligible traders can receive up to 3,000 Variational points, while referrers are entitled to up to $15,000 in rewards. More than 750 new users have already registered via the initiative. On September 24, Variational unveiled its VAR tokenomics: 32% of total tokens will be allocated to a genesis airdrop (distributed proportionally to users’ points, fully unlocked at TGE), 18% to ecosystem reserves (managed by the foundation), and 50% to the team and investors (locked for 12 months post-TGE, then linearly unlocked over a minimum of 3 years). The team plans to hold its token generation event (TGE) in Q4, and will continue distributing 150,000 points weekly until then. Additional airdrop terms include: a minimum of 1 point is required to claim; unclaimed airdrop allocations will be burned; and 100% of protocol revenue will be used for VAR buybacks and burns.
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Singapore has built a reputation as one of the friendlier places on earth for digital assets. That friendliness, it turns out, has limits.
The Monetary Authority of Singapore (MAS) has voiced serious concerns about decentralized crypto products. It is paying particular attention to highly leveraged perpetual futures platforms, and it has now named one of the biggest of them.
On June 26, 2026, MAS added Hyperliquid to its Investor Alert List. The platform is operated by Hyperliquid Labs, which is registered in Singapore.
What MAS actually flagged MAS uses its Investor Alert List to flag entities to the public. Hyperliquid landed there because of its decentralized structure, which the regulator considers to sit outside its oversight.
The regulator also pointed out that Hyperliquid is not regulated in any major jurisdiction.
Hyperliquid Labs has confirmed it is registered in Singapore. It has also stated that it is not licensed by MAS.
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Why perpetual futures are the pressure point Perpetual futures, or “perps,” are derivatives that let traders bet on an asset’s price without ever holding it. Unlike traditional futures, they have no expiry date, so positions can stay open indefinitely.
Consumer advocates have described leveraged perps platforms as “the most dangerous product in crypto.”
MAS has been careful to draw a line here. It distinguishes the institutional perpetual futures offered on SGX, Singapore’s exchange, from what Hyperliquid offers. The regulator’s message is that the product type alone is not the issue. Who is trading it, under what rules, and with what protections is what counts.
MAS has also stressed that crypto trading carries high risks for the general public.
The “techno-anarchism” problem A Bloomberg opinion piece captured the broader mood among regulators. It described growing apprehension about the “techno-anarchism” of recent crypto products.
The Hyperliquid case shows how awkward this gets in practice. A company is registered in Singapore, yet the product it is associated with operates in a way MAS says falls beyond its reach.
Singapore’s balancing act MAS continues to champion tokenization and institutional activity in the sector while focusing on curbing the risks that come from retail speculation.
Singapore’s framework requires digital token service providers serving overseas clients to obtain a license. Approvals under the 2025 regulations have been limited.
MAS Managing Director Chia Der Jiun has emphasized trust and risk management in recent remarks. He has highlighted the intersection of AI and digital asset trading as an area needing attention.
What this means for traders and platforms The most immediate effect is reputational. An investor alert from a respected regulator is not a ban, but it is the kind of label that compliance teams, banks and institutional partners tend to notice.
The research findings suggest MAS’s stance could signal a more cautious posture among global regulators. If so, similar decentralized perps platforms may face increased scrutiny elsewhere.
By separating SGX’s institutional perps from Hyperliquid’s offerings, MAS is effectively endorsing one model of leveraged trading while warning against another.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
A year ago, the landscape of the top 10 non-stablecoin cryptocurrencies was markedly different. Over the past twelve months, three new assets have entered the ranks while two established names have fallen out, highlighting the rapid shifts in the crypto market.
Newcomers enter the top 10Excluding major stablecoins such as Tether and USDC, the top six positions have remained unchanged: Bitcoin, Ethereum, BNB, XRP, Solana, and TRON continue to dominate the market by capitalization.
Among the most notable changes, Zcash (ZEC) advanced into the top tier, currently trading around $1,232 and reporting a market capitalization of approximately $20.8 billion. Monero (XMR) also entered the list, trading near $530 with a market value close to $10 billion.
Hyperliquid (HYPE) joined the group as well. The token is now priced near $85, with its market value estimated at $21.6 billion. This ascent marks a significant reshuffle among the top cryptocurrencies outside the stablecoin segment.
Market performance and key moversIn contrast, Cardano (ADA) and Chainlink (LINK) lost their spots on the leaderboard. Recent data puts ADA at approximately $0.25, while LINK trades around $12.86. Their exclusion from the top 10 reflects underperformance compared to faster-growing assets.
Latest figures show that Zcash gained 441% over the past year, Hyperliquid rose by 127%, and Monero increased by 77%. Meanwhile, Cardano dropped by 61% and Chainlink declined by 25% over the same period.
Zcash surged 441% during the year, Hyperliquid climbed 127%, and Monero gained 77%, whereas Cardano and Chainlink fell by 61% and 25% respectively, according to market data.
Larger cryptocurrencies, including Bitcoin, Ethereum, Solana, BNB, and XRP, also experienced significant losses, with price declines ranging between 27% and 42%. These sizable moves contributed to the shifting hierarchy as smaller-cap tokens outpaced more established coins.
Volatility and future rankingsAnalysts suggest that Cardano and Chainlink may have lost ground due to a lack of market excitement and muted adoption compared to their high-performing counterparts. The speed at which the top 10 list changes is a reminder of the market’s volatility and the competitive environment among digital assets.
Price-based rankings are inherently dynamic, with fluctuations in value over just a few days capable of reshaping the order. Observers recommend monitoring the gap in market capitalization between the 10th and 11th ranked coins to gauge whether this shift will be maintained. When this difference narrows, the order can reverse quickly if either coin experiences a modest price change.
In a market where a single Federal Reserve decision or the surprise listing of an altcoin can rapidly alter the landscape, efficiency in monitoring assets becomes critical. Many investors lose opportunities and profits by switching between different apps for charts, market news, and portfolio tracking. As a result, more traders are turning to privacy-first aggregation tools like CryptoAppsy, which consolidates real-time charts, automated price alerts, targeted news, and vital macroeconomic data into a single dashboard—no account required.
SushiSwap has deployed Hyperliquid's $HYPE token on Robinhood Chain for the first time, using LayerZero for cross-chain bridging as part of its broader multichain expansion strategy.
SushiSwap Bridges $HYPE to Robinhood Chain via LayerZero@SushiSwap has deployed @HyperliquidX's $HYPE token on @RobinhoodCrypto Chain, marking the first time the asset has been available for trading on the network. The integration was made possible through @LayerZero_Core, which serves as the cross-chain bridging layer connecting $HYPE to the growing Robinhood Chain ecosystem.
The partnership with @LayerZero_Core allows users to buy, trade, provide liquidity, and launch tokens using $HYPE directly on the chain. The move adds a notable DeFi-native asset to a network that has quickly become one of the more closely watched Layer 2 launches of 2026.
What Is Robinhood Chain? Robinhood Chain is an Ethereum L2 for tokenized stocks and real-world assets, built on Arbitrum Orbit. It launched a public testnet on February 10, 2026, and went live on mainnet on July 1, 2026. Tokens that track stocks like NVDA and AAPL trade 24/7 on-chain as Stock Tokens, settle in seconds, and plug directly into DeFi.
SushiSwap's presence on the chain is already well established. All new token launches on Robinhood Chain via RevShare now route exclusively to SushiSwap V3. The addition of $HYPE signals that $SUSHI intends to go further, bringing established DeFi-native assets onto the platform rather than limiting its role to new token issuance.
The launch forms part of SushiSwap's broader multichain strategy , and the team is expected to bring additional assets to Robinhood Chain in the coming months. For $HYPE, the listing represents its first footprint on the L2, opening up a new venue for traders and liquidity providers who are active on the network.
The LayerZero ecosystem includes DeFi projects such as SushiSwap, and these projects use LayerZero to overcome multichain challenges such as liquidity fragmentation. That infrastructure is central to this integration, enabling $HYPE to move across chains without requiring a new native deployment from scratch.
Sources:
TokenPost: SushiSwap Launches HYPE Trading and Liquidity on Robinhood Chain
Coinfomania: $HYPE Goes Live on Robinhood Chain
Dwellir: What Is Robinhood Chain?
A user named Boblob on X has posted that two wallet addresses are actively exploiting the Papertrade protocol. These addresses, which execute trades on Hyperliquid with each transaction totaling approximately $20 million, have caused ETH price swings of around 10 to 20 basis points and built long positions on Papertrade with a nominal value of hundreds of millions of dollars. The user argues this exposes a critical vulnerability in the current Papertrade protocol that requires urgent fixing, as failure to do so would undermine its long-term sustainability. The claim remains a unilateral allegation from the user at this stage.
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According to Butler’s monitoring, Papertrade was exploited by an address to earn around $1.28 million in profits just roughly 8 hours after its launch. The same trader has accumulated over $13 million in historical profits on Hyperliquid, with a trading volume of $14 billion. Since Papertrade prices its trades based on Hyperliquid’s real-time ETH price, the attacker repeatedly opened large long and short positions on Papertrade while trading ETH on Hyperliquid, briefly pushing prices up or down before closing positions for gains. Data shows the trader executed a total of 305 trades, 296 of which were profitable, giving a win rate of approximately 97%. The average holding time was just 98 seconds, with cumulative trading profits peaking at $1.73 million. However, the attacker later opened 30 short positions on Papertrade at $2507.35, with a notional value of around $297 million, and sold roughly 6,600 ETH on Hyperliquid to drive the price down to $2504.4, but this attempt to close the positions failed. Afterward, ETH’s price rose to $2509.95, triggering full liquidation of the 30 short positions, resulting in a loss of roughly $450,000. The attacker ultimately netted approximately $1.28 million in profits. The Papertrade team may have curbed the attack by blocking the attacker’s position closures, but this is only speculation and has not been confirmed. Analysts noted that if the platform continues to directly use Hyperliquid’s BBO (Best Bid Offer) as its pricing basis, underlying manipulation risks will remain. They recommend adopting Hyperliquid’s official oracle price, which aggregates quotes from multiple trading platforms, to reduce risks from manipulation of a single order book.
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Decentralized trading platform Papertrade has faced allegations of price manipulation after two cryptocurrency wallets reportedly used trades worth around $20 million on Hyperliquid to move Ethereum prices by 0.1%–0.2% while holding positions worth hundreds of millions of dollars.
Summary
Papertrade faces allegations that two wallets manipulated Ether prices through large trades on Hyperliquid recently. Researcher claims roughly $20 million orders moved ETH quotes by 10 to 20 basis points. Papertrade uses Hyperliquid order book midpoint pricing for synthetic trades settled against its liquidity pool. Hyperliquid uses separate oracle and mark prices for margin calculations, according to official trading documentation. No verified loss figure or platform response accompanied the initial accusations reported on October 11. Crypto trader Run reported the concerns on October 11 after X user Boblob (@Dr_bobo54) claimed that two wallets were exploiting a weakness in Papertrade’s pricing system. The allegations involve large Ether trades on Hyperliquid and corresponding leveraged positions on Papertrade, which uses Hyperliquid’s order book prices to calculate trading values. Neither the alleged manipulation nor any resulting losses have been independently verified.
The warning follows Papertrade’s recent launch on HyperEVM, the smart contract environment connected to the Hyperliquid blockchain.
Papertrade faces allegations involving $20 million ETH trades According to Boblob, two wallets allegedly executed trades worth approximately $20 million each on Hyperliquid, briefly moving ETH prices by 10 to 20 basis points.
A basis point equals 0.01%, meaning the reported price movements represented changes of roughly 0.1%–0.2%.
The researcher claimed that the wallets simultaneously established long positions on Papertrade with a combined nominal value reaching hundreds of millions of dollars.
Long positions generally benefit when the price of an asset rises. Papertrade’s pricing system allows traders to open or close positions using prices derived from Hyperliquid’s order book. Boblob alleged that the traders exploited this connection by moving the reference price on Hyperliquid while maintaining much larger positions on Papertrade.
The researcher described Papertrade as “getting actively exploited by two wallets” and called for the suspected weakness to be addressed. The statement remains an allegation. No independently verified transaction analysis has established the identities of the wallet operators or confirmed that their trades generated profits through price manipulation.
TokenPost reported on October 11 that the alleged transactions involved positions worth nine figures on Papertrade alongside the reported $20 million orders on Hyperliquid. The report did not provide verified wallet addresses, transaction hashes or an independently established loss calculation.
Papertrade’s pricing system raises manipulation concerns The allegations focus on Papertrade’s decision to use the midpoint of Hyperliquid’s best bid and best offer as its reference trading price.
The best bid represents the highest price a buyer is prepared to pay, while the best offer is the lowest price a seller is willing to accept. Papertrade’s official documentation explains that its smart contracts read the midpoint between those prices to determine the entry and exit prices of positions. Unlike an exchange that directly matches buyers and sellers, Papertrade uses synthetic trades between customers and its liquidity pool.
When a user opens a position, the contract records the current reference price. When the position closes, the protocol calculates the resulting profit or loss using the updated price. The platform offers leverage of up to 1,000 times on supported markets, including Bitcoin and Ethereum.
Its documentation describes trading without conventional order-book slippage or funding payments, subject to limits on the amount of open interest allowed for each market. Rune argued that the arrangement creates a potential weakness because the best available buying and selling prices can change as orders enter or leave the Hyperliquid order book.
The trader pointed to Papertrade’s published risk disclosures, which identify possible manipulation of the best bid and offer as an unresolved concern.
According to the documentation excerpts discussed by Rune, a trader could potentially influence the midpoint by placing an order at a new best bid or offer, even if the order is not executed.
If Papertrade accepts the resulting price without an independent check, a position might be opened or closed using a quotation that does not represent the prevailing market value. The platform’s documentation identifies related concerns involving contract economics, limits on trading exposure, operational protections and permission management.
However, the existence of a documented risk does not establish that a successful exploit has occurred or that users have suffered losses.
Hyperliquid uses different prices for its own trading safeguards Papertrade’s use of the order book midpoint differs from Hyperliquid’s native approach to calculating prices for perpetual futures.
Hyperliquid’s official documentation describes separate oracle and mark prices intended to reduce the effect of abnormal trading activity.
The oracle price uses a weighted median of prices from centralized exchanges. Hyperliquid validators update this value approximately every three seconds. For its mark price, the exchange combines several inputs, including its own market prices and prices from other trading venues.
Hyperliquid uses the mark price to calculate unrealized profits and losses, assess margin requirements and trigger liquidations. Papertrade’s documentation describes a different arrangement in which its synthetic trading contracts directly reference Hyperliquid’s best bid and offer midpoint.
Consequently, Papertrade’s reported exposure concerns its own pricing design. The allegations do not establish that Hyperliquid’s blockchain, native trading engine or oracle system was compromised. The distinction follows earlier problems involving price references used by applications connected to Hyperliquid.
In July, a Hyperliquid-linked SK Hynix perpetual contract experienced a 17.9% price drop after an unusual transaction in South Korea affected the external price used by the contract. The operator, Trade.xyz, investigated the incident after positions were affected by the sudden movement.
Following the investigation, Trade.xyz said it would cover qualifying liquidation losses associated with the pricing anomaly.
The incident involved a separate contract and pricing method. It does not establish the validity of the allegations involving Papertrade.
Papertrade loss claims remain unconfirmed Papertrade’s trading structure places its liquidity pool on the opposite side of customer positions, with profits and losses calculated directly through the protocol. According to its documentation, the pool begins without deposited liquidity and grows as traders realize losses.
The system uses a token called PAPER, which is issued in connection with eligible trading losses. Holders can stake the token to participate in distributions under the protocol’s rules. If the liquidity pool lacks sufficient funds to cover profitable withdrawals, winning settlements can enter a payment queue until funds become available.
An independent description of the protocol’s mechanics confirms that Papertrade positions involve real funds, with payouts depending on the pool’s available liquidity.
The latest manipulation allegations have not established whether the suspected transactions affected that pool, created unpaid claims or resulted in realized withdrawals. Reports circulating on October 11 have focused on the reported trading pattern and pricing concerns without confirming the amount of money allegedly extracted.
The case differs from verified incidents where investigators have identified affected funds and reconstructed transaction records. For example, Float Protocol lost approximately $28,000 in an August pricing attack, according to an investigation by blockchain security company SlowMist.
The firm attributed the exploit to manipulated spot prices that affected how the protocol calculated liquidity-provider share values.
Vesu reported $3 million in affected collateral after incorrect price data triggered liquidations across several lending pools. Vesu attributed the incident to a faulty external pricing feed and began coordinating with other organizations to address the affected positions.
For Papertrade, the available October 11 reports do not include an independently verified assessment of affected positions, confirmed withdrawals or user compensation.
No confirmed public response from Papertrade addressing the two-wallet allegations was identified in the sources reviewed. The platform has not announced a verified loss total, compensation arrangement or timetable for changing its BBO-based pricing system.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to TradingBeats monitoring, Hyperliquid whale address 0x8ea8…edbc holds 1,000 BTC long positions, with the position valued at approximately $83.04 million. The address uses 3x full leverage, with an average entry price of around $72,771, current unrealized profit of roughly $10.27 million, and a position return rate of about 37.1%. The address already held around 800 BTC long positions as early as May 11, with an unrealized profit of approximately $5.3 million at that time, before increasing the position size to 1,000 BTC. As of press time, the BTC contract mark price is approximately $83,037, some 14.1% higher than the address’s average entry price. The estimated liquidation price for the position is around $50,382, roughly 39.3% lower than the mark price.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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According to TradingBeats monitoring, Hyperliquid whale address 0x8ea8…edbc holds 1,000 BTC long positions, with the position valued at approximately $83.04 million. The address uses 3x full leverage, with an average entry price of around $72,771, current unrealized profit of roughly $10.27 million, and a position return rate of about 37.1%. The address already held around 800 BTC long positions as early as May 11, with an unrealized profit of approximately $5.3 million at that time, before increasing the position size to 1,000 BTC. As of press time, the BTC contract mark price is approximately $83,037, some 14.1% higher than the address’s average entry price. The estimated liquidation price for the position is around $50,382, roughly 39.3% lower than the mark price.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A year ago, the top 10 non-stablecoin cryptocurrencies looked very different. Three coins have pushed their way in, and two older names have dropped out.
Stablecoins such as Tether and USDC are left out of this list. Among the others, the top 6 stayed the same: Bitcoin, Ethereum, BNB, XRP, Solana, and TRON.
The biggest changesZcash (ZEC) entered the top 10. It is now trading near $1,232 with a market value of about $20.8 billion.
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Monero (XMR) also entered the list. It trades near $530, with a market value close to $10 billion.
Hyperliquid (HYPE) climbed higher. It trades near $85 with a market value of about $21.6 billion.
Cardano (ADA) and Chainlink (LINK) fell out. ADA trades near $0.25 and LINK near $12.86.
Source: CoinmarketcapThe shared post reports that ZEC gained about 441% over the year, HYPE about 127%, and XMR about 77%. It says ADA fell about 61% and LINK about 25%. Those percentages come from the post; the table checked shows current prices only.
The post also says the major coins lagged. It reports BTC, ETH, SOL, BNB, and XRP falling between 27% and 42%. Those are the biggest losses in the group, and they explain why the list shifted toward smaller, faster-moving names.
What are the implications?Rankings change when investors move money from older coins into newer or more niche ones. Privacy coins like ZEC and XMR, along with HYPE, led this year, which suggests that some traders are willing to take on more risk in exchange for the chance of larger gains.
Cardano and Chainlink lost ground, possibly because their recent developments and adoption did not generate the same excitement. Top 10 lists can change quickly, so a coin that climbs into the list does not always stay there.
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Those rankings also depend on the price data used at the moment of measurement, so a move of only a few days can reshuffle the list. Watch the market value gap between the 10th and 11th spots if you want to see whether this shift holds, since a narrow gap means the order could flip again with a small price move.
