24H Trending Coins & News | "Brother Matcha" Opens Another Ethereum Long Position; X Usage at All-Time High (October 19)
- Core Viewpoint: Crypto market liquidity is under pressure, the altcoin rebound momentum has faded with declines significantly steeper than Bitcoin's, while Q3 security incident losses surged 55% quarter-over-quarter, and regulatory and compliance controversies continue to intensify.
- Key Elements:
- The 141 tokens tracked by 10x Research fell an average of 14% last week, while Bitcoin dropped only 3% over the same period, with trading volume declining, stablecoin supply contracting, and ETF flows turning to net outflows.
- A Hacken report shows 107 security incidents occurred in the crypto industry in Q3, with losses of $1.18 billion, up 55% quarter-over-quarter, with approximately 77% related to insufficient audit coverage and unpatched known vulnerabilities.
- France's National Assembly passed an amendment by a single vote of 38:37, proposing to impose a capital gains tax of approximately 31.4% on crypto-to-stablecoin conversions starting in 2027.
- Crypto.com and Novig sued the state of Missouri, seeking to suspend enforcement of the ban on sports event contracts, arguing that the state constitution only permits the issuance of two licenses and both have already been granted.
- Ledger's CEO and Mt. Gox's former CEO publicly clashed over responsibility for a $90 million loss; CZ expressed reservations about the proposal to launch a BNB crypto phone.
- Michael Saylor responded to MSCI potentially removing MSTR, stating that not treating Bitcoin as capital is bias and calling on MSCI to reconsider.
1. Trending CEX Tokens
Top 10 CEX tokens by trading volume and 24-hour price change:
- BTC: +0.91%
- ETH: +0.24%
- SOL: +0.72%
- XRP: +0.61%
- BNB: +0.82%
- ZEC: +1.77%
- DOGE: +0.03%
- NEAR: +2.67%
- HYPE: +1.06%
- SUI: +2.12%
Top 24-hour gainers (data source: OKX):
- SENT: +8.97%
- xSNXX: +8.85%
- LAT: +8.25%
- xMVLL: +8.21%
- VINE: +7.37%
- CVX: +6.76%
- xMUU: +6.67%
- xBE: +6.64%
- xKORU: +6.15%
- xRAM: +5.83%
Top 24-hour tokenized stock gainers (data source: msx.com):
- FUFU.M: 15.54%
- SEGG.M: 9.49%
- VAPE.M: 4.99%
- QNTM.M: 4.86%
- FGNX.M: 3.12%
- BTOG.M: 3.02%
- COHQ.M: 2.84%
- AIFC.M: 2.71%
- INDI.M: 2.20%
- INV.M: 2.17%
2. Trending On-Chain Meme Coins (data source: GMGN):
- mucron
- AgenC
Headlines
"Brother Maji" Returns After Full Liquidation with New Ethereum Long Position, Now Holds 1,745 ETH
According to Hyperbot data, "Brother Maji" made a swift comeback just four hours after being completely liquidated, reopening a 25x leveraged long position on Ethereum. The position currently holds 1,745 ETH worth approximately $4.2 million, with unrealized gains of about $40,000 and a current liquidation price of $2,364.
Musk: X Usage at All-Time High
Community user X Freeze, citing Similarweb data, reported that X platform's website visits reached 13.43 billion in Q3 2026, up about 6% from 12.67 billion in Q2, an increase of 760 million visits in a single quarter. X Freeze noted that with the gradual integration of social, payments, creator, video, and real-time news features, X is evolving toward an integrated ecosystem. In response, Musk said that X usage is at an all-time high.
Iranian Foreign Minister: "Reopen Strait of Hormuz Within 7 Days" Plan Still Valid
Iran's foreign minister stated that the "reopen the Strait of Hormuz within 7 days" plan remains valid. If the United States complies with Iran's conditions, the Strait of Hormuz could be opened within 6 days, with negotiations resuming on the 7th day. "Our conditions are completely clear and have been submitted to the United States in the form of a seven-day plan. They have raised their own opinions, and we are still responding."
Industry News
Crypto.com and Novig Sue Missouri, Seeking to Halt Enforcement of Sports Event Contract Ban
Crypto.com's prediction market trading platform and Novig filed suit against Missouri officials in federal court last Friday, asking a judge to bar the state from taking enforcement action against their sports event contracts. Previously, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters in September to six platforms, including the two companies, demanding they stop offering sports event contracts to state residents within 30 days or obtain a state license and pay a 10% tax. Crypto.com claims the cease-and-desist letter was mistakenly sent to Foris DAX, Inc. rather than the trading platform itself; Missouri's constitution only allows two mobile sports prediction licenses to be issued, and both have already been granted, making license acquisition an unviable option.
Blockchain security firm Hacken's report shows that in Q3 2026, the crypto industry experienced 107 security incidents with losses totaling $1.18 billion, up 55% quarter-over-quarter. Of these, approximately $906.8 million in losses involved compromised vendors or development tools, known vulnerabilities not patched in time, and related components not included in the latest audit scope.
Hacken co-founder Andrii Matiukhin pointed out that project teams often only audit critical smart contracts, while wallets, signing systems, and third-party software may not be covered, leading investors to mistakenly believe the project is secure overall. The report noted that the largest loss event in Q3 was the Bitget attack, with losses of at least $352 million, where attackers exploited vulnerabilities in third-party security products to gain access to withdrawal infrastructure.
The French National Assembly passed a 2027 budget amendment by a vote of 38 in favor, 37 against, and 25 abstentions, proposing to eliminate the tax deferral treatment for converting crypto assets into single-currency stablecoins starting January 1, 2027, bringing such transactions into the capital gains tax scope.
Under the amendment, when investors convert crypto assets into stablecoins pegged to fiat currencies such as the euro or dollar, they may be required to pay capital gains tax at the current unified rate of approximately 31.4%, even if not converted into legal tender.
Project News
Variational founder and CEO Lucas Schuermann posted on X, introducing Variational's development progress and future plans.
In 2025, the company completed initial growth and validated the Omni-style broker business model. In 2026, it launched RWA perpetual contracts and swap contracts, bringing traditional finance (TradFi) liquidity on-chain. In 2027, it will launch Variational Pro for options, structured products, and other OTC derivatives, bringing institutional-grade trading on-chain.
People & Voices
Ledger CEO Fires Back at Former Mt. Gox CEO: You're No White Knight, Don't Speculate
Former Mt. Gox CEO Mark Karpelès posted on X, accusing Ledger of potentially avoiding over $90 million in losses had it disclosed the relevant issues more promptly and effectively, rather than only publishing an inconspicuous article on Ledger Academy. He also questioned why Ledger had not maintained sufficient vigilance against mass-produced advanced implant devices.
CZ Responds to BNB Phone Proposal: Not Sure Carrying a Crypto Phone Is a Good Idea
In response to BNB Chain ecosystem member Spigg's proposal to launch a BNB phone integrating a native wallet, instant payments and transfers, and consolidating all DApps in the ecosystem into one place, CZ responded that he rarely disagrees with Spigg but is not sure carrying a crypto phone is a good idea.
Michael Saylor, founder of Bitcoin treasury company Strategy, responded in a Bloomberg interview to the possibility of MSCI's new index rules removing MSTR. He said the move doesn't matter much to Strategy because the amount of capital they control is relatively small, but he is disappointed with MSCI's stance to date. Oil, natural gas, land, and machinery all count as capital, yet Bitcoin does not—this is a value judgment and actually a bias against digital assets. They are like unregistered financial advisors, setting a "bad precedent" for the entire industry, and he hopes they will reconsider. Digital assets represent the future; MSCI may not want to participate in that future, but investors won't agree, and neither will the United States. If MSCI abandons the proposal to exclude MSTR, it would benefit the entire industry.
10x Research's latest crypto market weekly report noted that the crypto market saw widespread selling last week, with altcoins declining significantly more than Bitcoin. The 141 tokens it tracks fell an average of 14%, while Bitcoin only dropped 3% over the same period. 10x Research said that current crypto market trading volume is declining, stablecoin supply continues to contract, and ETF fund flows have turned to net outflows, reflecting pressure on market liquidity.
However, options market pricing shows stress remains low, while speculative positioning in CME futures markets is near highs, indicating that the derivatives market has not yet fully reflected the weak performance of the spot market. 10x Research believes investors should focus this week on key Bitcoin technical levels, Ethereum position allocation, and capital flows and positioning changes in the altcoin market.
