Odaily reports, according to OKX market data, MAGIC has broken through 0.1 USDT, currently trading at 0.10019 USDT, with a 24H gain of 60.07%.
Odaily News — According to monitoring by Bitcoin News, former Mt. Gox CEO Mark Karpelès may have inadvertently triggered a coordinated transfer of funds across multiple wallets after publicly disclosing physical tampering with Ledger devices equipped with hidden surveillance implants. On October 8, Karpelès warned that counterfeit or tampered Ledger devices with hidden SIM cards were being sold on the market, and these SIM cards were capable of transmitting stolen seed phrases. The implants were reportedly able to intercept data sent to the device screen, thereby capturing the recovery phrases displayed to users during wallet setup. Such devices could allegedly still pass Ledger's official genuine product verification, because the original secure element remained intact and the verification process was unable to detect unauthorized physical modifications. One emerging speculation is that attackers collected seed phrases from affected devices and waited to simultaneously transfer funds from multiple wallets. Karpelès's warning reportedly received approximately 90,000 views, which may have made the attackers aware that their operation had been exposed and prompted them to move the stolen funds. Karpelès stated that one affected Ledger device he examined came from Malaysia, was packaged in intact shrink wrap, and had an implant hidden beneath the screen. The suspected attack path is currently a compromised hardware supply chain rather than a vulnerability in cryptographic algorithms. The connection between Karpelès's warning and the subsequent wallet fund transfers has not yet been confirmed, nor has it been verified whether the same batch of implants was responsible. If the relevant circumstances are confirmed, the incident would demonstrate that even if a device is certified by the manufacturer, compromised hardware can still undermine users' self-custody security.
According to Lookonchain monitoring, an address bought 80 BTC for approximately $5.2 million 4 months ago at a purchase price of about $65,000 per coin, and at one point had a profit of $1.38 million. A week ago, the address purchased a Ledger device from reseller CryptoBillis and deposited all 80 BTC into the device. All assets have now been lost.
Odaily News: U.S. President Trump stated that 28 million barrels of oil were shipped out of the Strait of Hormuz yesterday, and a major announcement on diesel is coming soon. Trump reiterated that energy prices will decline after the Iran war ends.
According to Lookonchain monitoring, some users who purchased Ledger hardware wallets have had their funds stolen, with all affected devices purchased from reseller CryptoBillis, and reported total losses approaching $90 million. Among them, a user with an address labeled TY24Ya purchased the device three weeks ago and deposited 7 million USDT into it, but approximately 10 hours ago the entire amount was stolen, potentially the largest single loss in this incident.
Odaily News: Bitcoin fell to $80,350 on Thursday before rebounding, climbing back above $83,000 at the Friday U.S. stock market open and subsequently fluctuating around $82,500. The rolling 24-hour cryptocurrency liquidation amount had previously exceeded $1 billion. Despite news circulating that Ledger hardware wallet users' funds were stolen, the crypto market has not yet shown significant selling pressure.
Analysts suggest that before the U.S. CPI data is released on October 14, Bitcoin may remain range-bound, with the main trading range between $81,300 and $86,500, and could repeatedly test $84,000. The market is also watching whether Bitcoin can hold the key level of $82,500 before the weekly close. (Cointelegraph)
Odaily News: Nasdaq-listed company BTQ Technologies has announced a strategic partnership with MoonPay Korea to provide post-quantum cryptography (PQC) security solutions for its Korean won-backed stablecoin infrastructure. The two parties will jointly develop a quantum migration roadmap and conduct a proof of concept for BTQ's Quantum-Safe Stablecoin Network (QSSN) with Korean banking institutions, exploring quantum-resistant security mechanisms covering stablecoin issuance, distribution, wallets, and settlement processes. MoonPay Korea is building infrastructure to connect the Korean stablecoin market with MoonPay's global network, which covers approximately 180 countries and regions, with over 35 million customers and more than 1,500 enterprise clients.
According to MistTrack monitoring, Odaily reports that Tether has frozen a large amount of USDT on addresses related to the Ledger user fund theft incident. The losses from this incident have approached $90 million, and some affected users have contacted MistTrack for assistance, with the team currently following up. Previously, Ledger stated it was investigating the theft of user funds related to Southeast Asian distributor CryptoBillis.
Odaily News: Nasdaq-listed company TruGolf Holdings has announced the completion of its acquisition of Canadian asset tokenization firm Polymath Research Inc. Polymath Research Inc. focuses on institutional-grade asset tokenization and is responsible for developing Polymesh, a Layer 1 blockchain designed for regulated assets. Following the completion of the acquisition, Polymath Research Inc. will operate as a wholly-owned subsidiary of TruGolf Holdings. TruGolf Holdings will continue its existing businesses, including golf simulators and the E6 platform, forming two business lines: golf technology and blockchain infrastructure. As of December 31, 2025, Polymath Research Inc. had issued over $132 million in tokenized assets for more than 65 active issuers and had over 50 ecosystem partners. The two parties plan to launch equipment leasing tokenization and franchise fractional ownership projects in the first quarter of 2027. In addition, TruGolf Holdings received approximately $2.95 million in net proceeds from the exercise of Series B preferred stock warrants related to this transaction.
Odaily: U.S. Senator Cynthia Lummis posted on X that Democrats previously demanded a prohibition on chief compliance officers holding conflicting roles at affiliated crypto entities, and the relevant content was written into the CLARITY Act, but Democrats have now said it is "not needed."
Odaily News: According to MSX.COM data, US mega-cap cloud providers saw their stock prices rise collectively. Alphabet Class A shares rose 1% to $351.745 per share, with a total market capitalization of $4.30 trillion. Microsoft shares rose 2% to $533.060 per share, with a total market capitalization of $3.96 trillion. Amazon shares rose 2.42% to $260.210 per share, with a total market capitalization of $2.81 trillion. Oracle shares rose 5.37% to $142.455 per share, with a total market capitalization of $431.9 billion.
Odaily reports that Bitfinex analysis indicates Bitcoin is typically moved to exchanges before being sold, but during Bitcoin's decline from $87,000, coins held for 6 months or longer were hardly transferred to exchanges. Data shows that nearly all Bitcoin recently flowing into exchanges consisted of tokens that had been moved within the past week. Bitfinex notes that true market capitulation usually requires long-term holders to begin moving and selling their holdings, and this signal has not yet appeared.
According to Gate data, Brent crude oil (XBRUSD) briefly rebounded to $108/barrel, currently trading at $108.03/barrel, with a 24-hour decline of 0.8%.
Odaily News: GMGN founder Haze has announced the launch of the first season of the "GMGN Global Championship," inviting users to compete in a 10-day live Memecoin trading competition on the GMGN platform, with the final six traders selected to travel to London for the grand final.
The qualifiers will run from October 17 to 27 (UTC). Participants must use their own funds (up to $2,000), create a Solana wallet and an EVM wallet to participate, and will be ranked based on realized profit and loss. A real-time leaderboard will be available throughout the competition, and all trades will be recorded on-chain. GMGN stated that daily winners will receive a platinum GMGN nameplate, with the organizer covering flights, hotels, and visa costs for the London grand final, and the ultimate champion will win a limited-edition Aston Martin Vantage.
Odaily News: Ostium has announced its Phase 2 compensation plan, applicable to OLP holders who suffered losses exceeding 1000 USDC and did not opt for expedited distribution. Category A will be repaid in USDC installments, funded by recovered and future recovered funds as well as protocol revenue, with protocol revenue primarily including 50% of opening fees; Category B allows losses to be converted into Ostium Labs equity, valued at the next funding round's valuation. The Phase 2 compensation portal will go live on October 30. Ostium was previously attacked in July, resulting in a loss of $23.75 million.
Odaily: U.S. consumer sentiment slumped in early October as inflation continued to weigh on households, with views of current economic conditions dropping to a record low. According to a survey released by the University of Michigan on Friday, the preliminary consumer sentiment index fell to 46.3, the lowest since May and below the median economist estimate of 47.6. The current conditions index fell to 44.7 from 50.9 last month, the lowest on record. The expectations index rose to 47.3 from 46.3, its first increase since July.
Consumers expect prices to rise 4.7% over the next year, slightly above last month's 4.6%. They expect prices to rise at an annual rate of 3.5% over the next five to 10 years, also slightly above the September reading. Joanne Hsu, who oversees the survey, said in a statement that sentiment fell sharply this month among lower-income consumers and those with smaller stock portfolios. Rising confidence among Democratic and Republican supporters was offset by declining confidence among independents. "Despite their different stances, consumers across the political spectrum believe the economic outlook has weakened compared with earlier this year, before the outbreak of the Iran conflict," Hsu said.
