Odaily: According to a post by Bitcoin News on X, Ledger stated that the number of affected devices is limited, and as of now, all confirmed cases related to the October 9 fund theft incident involve devices sold through Southeast Asian distributor CryptoBilis. Ledger's internal systems and direct sales channels were not affected. CryptoBilis has suspended all hardware wallet sales, and Ledger is cooperating with law enforcement and contacting affected customers. Ledger advises CryptoBilis buyers not to initialize unused devices; users who have already completed initialization should transfer their funds to a new wallet using a new seed phrase. The investigation is still ongoing.

Odaily: Brian Armstrong posted on X that with the Deribit integration complete, Coinbase's institutional platform capabilities have been further enhanced.

Odaily News: Initiatives by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) may drive the expansion of regulated on-chain trading and boost institutional participation.

Legal experts say the regulatory framework is expected to advance gradually, but gaps remain that will need to be addressed by the U.S. Congress. Crypto industry executives believe that the failure of the Clarity Act to pass will create opportunities for decentralized finance (DeFi), but established exchanges may continue to maintain a competitive advantage. (CoinDesk)

Odaily News: The LBTC-to-Bitcoin redemption operation on Bitcoin sidechain project Liquid Network has been suspended for 35 days. As of October 11, 2026, the project maintains an 86% support rate. Attackers previously exploited a vulnerability in the Elements software to steal nearly 4,000 Bitcoins, of which approximately 3,400 have been returned. The wallet still holds 598.5 Bitcoins, worth $49.69 million.

Blockstream rejected the attackers' demand for a 10% bounty and demanded the immediate return of the remaining Bitcoin. Liquid Network stated that an independent external security audit of Elements v23.3.4 is underway, and the Liquid Federation has simultaneously updated the PAK list and placed all redemption keys in cold storage.

There is currently no specific date for resuming redemption operations. Some LBTC holders have migrated funds through applications such as Sideswap and Sideshift.ai. One user reported that due to insufficient liquidity, the migration took several weeks, with spreads and fees totaling approximately 5%. (Bitcoin.com News)

Odaily reports that PaperTrade posted on X stating that trading volume in the first 6 hours after launch exceeded stock market trading volume; one day after launch, PaperTrade has become a trading platform supporting 1000x leverage, with liquidity pool (LP) size reaching $5 million and $25 million in rewards distributed to staking users.

In response to community concerns about the fair launch mechanism and BTC/ETH market manipulation, PaperTrade stated that due to the need to prevent frontend congestion and spam request attacks, small orders cannot enjoy exactly the same priority as large orders, and the team has maximized fairness within these constraints. Some users exploiting the Hyperliquid BBO mechanism to manipulate BTC/ETH was not an oversight in mechanism design, but rather resulted from opening a higher OI cap during the initial launch period to alleviate queuing pressure. As traffic has declined, the team has begun tightening position limits at both the on-chain and relay levels to reduce the profit space for manipulation.

PaperTrade added that no system can completely eliminate manipulation, and the goal is to make attacks nearly unprofitable through parameter adjustments, noting that in the relevant incidents, some users ultimately returned most of their profits to the platform due to persistent manipulation attempts.

Odaily reports: Crypto analyst Darkfost stated on X that when Bitcoin's price reached $83,000, approximately 53% of capital costs were positioned above that price, meaning current buyers' holding costs are higher than those of more than half of market participants. Currently, the $84,000 to $85,000 range represents Bitcoin's largest supply distribution zone, where many investors will react at this critical price level. This area is a key resistance level that Bitcoin needs to break through for its subsequent trend; if the price pulls back, the $79,000 to $77,000 range may become a potential support zone.

PPP prediction market tool monitoring shows that in the "CS2 EPL Katowice Grand Final Vitality vs. MOUZ" prediction event, an account with $980,000 in losses (0x6ac5bb06a9eb05641fd5e82640268b92f3ab4b6e) purchased $232,000 worth of MOUZ to defeat Vitality, with an average entry price of 34.9¢ and 666,986.6 shares bought.

This match starts on October 10 at 23:00, with a BO5 format, and the winner will be crowned champion.

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Odaily reports, according to monitoring by Bitcoin News, @0xJohannes stated that a Ledger hardware wallet purchased from an official European reseller several weeks ago was found to contain an unauthorized spy implant device. Suspicious wiring not present in genuine Ledger hardware was discovered inside the device, indicating it may have been physically tampered with before being sold. The implant appears to be an older version, as newer versions typically conceal the components behind the screen. Funds in the affected device have not been stolen thus far. Suspected cases have currently been reported in Asia, South America, and Europe. If the original secure element remains intact, Ledger's Genuine Check software cannot detect unauthorized physical modifications.

Odaily News: U.S. President Trump stated that effective immediately, the Russia-Ukraine war has reached an "energy ceasefire." Both sides have agreed that no destruction shall take place. (Sina Finance)

Odaily reports that Papertrade has now been live for 24 hours since launching at 22:00 Beijing time yesterday, with cumulative notional trading volume exceeding $678 billion and TVL at $77.8 million. Open interest stands at $1.3 billion, down about 60% from $3.3 billion 12 hours earlier; margin corresponding to all existing positions totals $14.34 million, down about 30% from $20.29 million 12 hours earlier.

Papertrade is built on Hyper EVM, reads prices from the BBO midpoint of the Hyperliquid order book, and has users trade directly against protocol LPs as counterparties, offering high leverage, zero slippage, and no funding rates. Its native token PAPER has an initial supply of zero, with no pre-mine or team and VC allocations, and the only minting source is user losses or liquidations; in the early stage after launch, it cannot be freely transferred and is mainly used for staking.

Odaily reports: Crypto trader Killa posted that the most ideal path for Bitcoin (BTC) would be to continue rising before the US midterm elections, building a bullish narrative and breaking previous highs, then experiencing a pullback after the elections as has occurred in historical cycles — but this time the pullback may not form a new cycle low, instead establishing a higher low.

Killa stated that if BTC declines before the midterm elections, he believes the market is more likely to rebound to around $95,000 after the elections. The market has already seen nearly $2 billion in long positions liquidated, and there are only about 3 weeks remaining until the US midterm elections. The market may currently be experiencing a "maximum pain" scenario: after some market narratives have already been broken, BTC rebounds before the elections, then reverses course to pressure traders on the other side, ultimately leading the market to re-deleverage risk.

Killa pointed out that in the past 4 US midterm elections, 3 saw declines within 1-2 months after the elections, with historical samples showing a probability of approximately 75%. However, he said he still holds a 10x BTC long position, as well as long positions previously established at $62,600 and $76,400, none of which have been reduced.

Odaily News: U.S. Treasury Secretary Bessent stated that U.S. President Trump does not expect any military conflict before the midterm elections. Diesel transactions with Russia are beneficial to Americans, and we will use all legal authorities to conduct diesel transactions with Russia. (Sina Finance)

Odaily reports: Zcash full-node development team Zakura has stated that the network is expected to introduce a quantum-resistant signature opcode in January, enabling hash-based signatures for transparent payments. Zcash's transparent payments publicly display transaction information, while shielded payments hide the sender, receiver, and amount.

The proposal combines address rotation with private information retrieval, allowing wallets to switch to a new address after each transaction and reduce public key exposure risk through WOTS hash-based fallback signatures. The Vizor wallet launched its private query feature this week, allowing users to enable it for testing in the settings.

Zakura's proposal currently only covers Zcash transparent payments, and the network has not yet confirmed the activation time for the opcode. Ethereum researcher Justin Drake has warned that AI-driven mathematical breakthroughs could crack the relevant signatures in months rather than years; Vitalik Buterin believes it is possible that cryptographic technology could be broken within the next two years. (Decrypt)

Odaily: The International Monetary Fund (IMF) noted that tokenized US stocks support 24/7 trading and fractional share ownership, with over half of trades occurring outside regular market trading hours and approximately 80% of trades involving less than 1 share.

The IMF stated that overnight price movements contain valid information, with over 85% of these price changes being reflected in traditional stock prices within 5 minutes of market open.

The IMF pointed out that the tokenized stock market remains relatively small and fragmented, and while it can improve settlement and automation processes, enhanced legal, liquidity, and interoperability safeguards are needed. (CoinDesk)

According to Coinglass monitoring, a whale recently placed a buy order worth $22.89 million on the Binance spot market at an order price of $82,975. The size of this buy order is considered one of the larger spot buy orders in the recent market, indicating that some large capital is positioning in this price range.