Odaily Report: South Korean crypto exchanges Upbit and Bithumb have suspended deposits and withdrawals for Initia (INIT) and issued an investment warning for INIT. Upbit announced that on October 24 it confirmed a suspected security issue on the Initia chain, warning that INIT price volatility may intensify and reminding holders to trade with caution. Previously, Initia officially announced the suspension of L1 and its Rollup operations due to a security incident; security researcher Spreek stated that attackers exploited a vulnerability to mint additional tokens and have cashed out approximately $2.6 million.

According to Zon monitoring, available information indicates that this security incident may have originated from a Day 0 vulnerability in Initia's MoveVM built on Cosmos SDK. The vulnerability allowed attackers to mint additional tokens on Initia L1, but does not affect the native token INIT. Before the blockchain was halted, the attacker had already transferred out approximately $2.7 million worth of AUSD, ETH, and USDC through additional minting and cross-chain transfers. The team is still investigating, and the subsequent impact and further details remain to be confirmed.

Odaily: Israeli Prime Minister Benjamin Netanyahu said on Friday that he has asked for a plan to be developed to use blockchain technology to help Israel cope with potential financial sanctions, warning that U.S. military aid will eventually come to an end.

Odaily: Initia officially announced that due to a security incident, Initia L1 and its Rollups have been suspended. The team is working with security teams, validators, and exchanges to investigate the incident and determine the scope of impact. Initia stated that verified information will be released through official channels going forward, and reminded users to be wary of unofficial links, messages, and unverified claims circulating during the incident.

Odaily reports that according to Initia monitoring, as of 23:41:30 (UTC+8) on October 23, 2026, the Initia L1 mainnet and Rollup have been suspended due to a security incident. The team is collaborating with security teams, validators, and exchanges to investigate and assess the specific scope of impact. Initia stated that verified information will be released through official channels going forward, and reminded users to remain vigilant and be cautious of unofficial links, messages, and related claims circulating during the incident.

Odaily reports that security analyst Spreek has stated that the Initia chain is suspected to have been attacked, with the attacker exploiting a vulnerability to infinitely mint multiple tokens. As of now, the hacker has cashed out approximately $2.6 million, with more funds still in the process of being transferred. The scope of the attack's impact and the final losses are not yet clear.

Odaily: U.S. President Trump stated that we need to protect geniuses like Musk, and that Musk will never do anything wrong.

Odaily reports: ether.fi has announced the acquisition of Zeal Wallet, with the specific amount undisclosed. Zeal users can now migrate directly to ether.fi within the Zeal app. After migration is complete, users can access features including borrowing against their portfolio, earning yield, and trading stocks and gold.

Odaily reports: Bankless founder David Hoffman posted on X that a batch of tokens he refers to as "2017-era Bitcoin clone coins" have recently gained momentum again. Among them, PRL rose 30% this week, with a fully diluted valuation (FDV) of approximately $4.2 billion; QTC rose 300% this month, with a valuation of approximately $1.8 billion based on a total supply of 21 million tokens.

David Hoffman believes that what is noteworthy is that such tokens, which adopt a fixed supply cap of 21 million, are now commanding multi-billion-dollar valuations.

Odaily Report: U.S. President Trump stated that we may end the Iran war very soon, and the question now is whether we should settle the matter once and for all or just let it fade away. (Sina Finance) (

Odaily reports: According to monitoring by on-chain analyst Yu Jin, crude oil prices rose 4% today. Three days ago, this whale sold the ETH it had previously bought at the bottom for $1,647, making a profit of $8.99 million, and then went long on crude oil worth $51.56 million, including CL worth $30.78 million and BRENTOIL worth $20.78 million, and is currently sitting on an unrealized profit of $1.9 million.

Odaily: Coinbase posted on X stating that polls reflect what people say, while prediction markets provide real-time probabilities. The Coinbase midterm election dashboard displays prediction results for midterm election winners.

Odaily: Analyst Darkfost posted that the largest Bitcoin UTXO spending activity since 2026 has occurred on-chain, with cumulative spending of UTXOs each valued at over $1 million exceeding $21 billion, involving more than 230,000 BTC, and the related operations likely came from the same entity. Among them, most UTXOs had previously been dormant for 1 to 6 months, while another approximately $4.6 billion came from long-term holders (LTHs) who had held for 1 to 3 years.

Darkfost noted that these bitcoins were likely mainly transferred between different addresses, and there are currently no obvious signs of flows to exchanges, so this cannot be used to judge large-scale selling. If the subsequent spending of the relevant UTXOs corresponds to realized profits or losses, on-chain realized profit and loss metrics may show significant changes.

Odaily reports: YZi Labs has announced the launch of its inaugural Atlas Scout Program, recruiting four students from Stanford University, Yale University, University of California, Berkeley, and University of California, Los Angeles to participate in early-stage project discovery and investment research in the Web3, AI, and biotech sectors. The program will provide intentional investment allocations of up to $1 million for relevant investment opportunities and will open up its ecosystem network of more than 300 portfolio companies. Participants can organize campus events, identify potential projects, and receive mentorship in project research, due diligence, and investment judgment. Eligible startup teams will also have the opportunity to connect with the EASY Residency program or discuss investment partnerships with YZi Labs.

Odaily reports: A survey released on Friday showed that the US consumer sentiment index edged down in October to near a historic low, as the Middle East conflict drove prices higher, turning households pessimistic about the economic outlook just as congressional midterm elections centered on affordability issues approach.

The University of Michigan's consumer survey showed that its consumer sentiment index fell this month to 48.0 from a final reading of 48.1 in September. Economists surveyed by Reuters had forecast the index at 46.3, which was also the preliminary reading for October. The October reading is the second lowest on record, above only the all-time low of 44.8 set in May—a low that came shortly after the outbreak of the Iran war. "Purchasing power continues to dominate consumers' views of the economy," said Joanne Hsu, director of the consumer survey program. "The current consumer sentiment index is 10% lower than a year ago and 15% lower than in February, before the Iran conflict broke out."