Odaily: Peter Hughes, founder and CEO of Apex Group, said that if the United States continues to delay crypto legislation or fails to establish a clear and certain regulatory framework for digital assets, related business could flow to Asia, the Middle East, and Bermuda, and these jurisdictions may have an opportunity to fill the regulatory vacuum left by the U.S. Hughes believes Europe will not benefit as a result, and noted that the Markets in Crypto-Assets Regulation (MiCA) has evolved slowly and is relatively restrictive. The U.S. CLARITY Act is intended to clarify federal regulatory rules for digital assets and delineate the regulatory responsibilities of the SEC and the CFTC; in September, the bill failed to secure the 60 votes needed to advance in the Senate due to disputes over ethics provisions, stablecoin rewards, and other issues.

1. Arthur Hayes is bearish on the market outlook after reducing positions worth $26.08 million across multiple tokens;

2. An address holds 715,300 HYPE short positions worth $54.57 million with an unrealized profit of $5.56 million;

3. Arthur Hayes: Has fully liquidated altcoins including ETH, ENA, and UNI, expects the market to fall first before rising;

4. Trader Killa: BTC price action has replayed the 2023 pattern; if it holds the upper boundary of the range, the bullish trend may continue;

5. Milei pens lengthy emotional post about the LIBRA scandal being politically exploited: "Who will compensate me for what I've endured over this year, eight months, and nine days?";

6. SpaceX's $40 billion off-balance-sheet financing plan negotiations stall, with new debt potentially impacting its credit rating;

7. An address closed its SOL long position and opened a $10 million SOL short position instead.

Odaily reports that Electrum officially announced the release of version 4.8.3, stating that this version fixes a critical security issue and urging all users to upgrade. Detailed information about the vulnerability will be disclosed later. The GitHub changelog marks 4.8.3 as a security update, with a release date of October 23. Electrum's official website reminds users to download the software only from the official site and to verify the GPG digital signature to confirm the source and integrity of the installation package.

Odaily Report: The Abraxas Capital wallet's cumulative profit on Hyperliquid perpetual contracts has hit a record high of $193 million. Since the positions have been hedged through spot assets, this profit does not come purely from directional trading. The wallet currently holds approximately $207 million in USDC, with cumulative trading volume reaching $5.43 billion, open position size of about $7.25 billion, and relatively large BTC, ETH, and SOL positions.

Odaily — Digital asset company Tether has announced that 15 Bitcoin mining companies, ASIC manufacturers, and mining pools have committed to jointly building and maintaining integrations for its open-source mining development kit, MDK. MDK aims to unify access methods across different mining infrastructures, enabling developers to build applications and AI automation systems.

Participants will develop and maintain MDK Workers, converting their respective hardware, mining pool, or system interfaces into universal interfaces; without needing to replace existing technology, they can also decide which features to open up. Existing applications can connect to different mining environments through MDK.

Tether's QVAC mining agent has already connected to mining infrastructure through MDK. MDK version 0.11 will be released on October 23–24 at the Plan ₿ Forum in Lugano, with the first stable version 1.0 planned for launch by the end of 2026. (Tether News)

Odaily reports that on October 22, Bloomberg announced the expansion of its Crypto Exposure Analytics feature, enabling institutions to identify, classify, and report exposures to crypto assets and tokenized real-world assets in accordance with the Basel Committee on Banking Supervision framework. The tool can look through funds, equities, bonds, and derivatives to identify direct and indirect crypto exposure; Bloomberg has identified approximately 1,700 funds that may be relevant to the framework, about half of which do not explicitly list crypto exposure in their investment strategies.

The related analytics are available via Bloomberg Data License and the Bloomberg Terminal. Morgan Stanley said it is using the tool for fund look-through analysis and exposure classification under the Basel framework.

Odaily reports: “White-haired Stock God” Serenity published a post criticizing the management of optical communications laser manufacturer Sivers (SIVE) for failing to highlight the potential commercial value of its laser production capacity in recent earnings communications, and for lacking a clear commitment to a Nasdaq listing timeline, which may exacerbate market concerns about its near-term execution capabilities.

However, Serenity believes that Sivers’ plan to add 100 million units of annual CW DFB laser production capacity in the fourth quarter of 2027 comes at a time of tight industry supply. Meanwhile, Lumentum (LITE) has sold out its capacity through 2029, and Coherent (COHR) and Applied Optoelectronics (AAOI) are also diverting part of their laser capacity to their own product programs, which may create opportunities for Sivers to secure customer and capacity agreements. In addition, Sivers’ commercialization opportunities with companies such as Jabil (JBL) and GlobalFoundries (GFS), as well as its previously established co-packaged optics (CPO) projects, may see key progress starting in 2027.

Odaily reports that crypto payment service provider RedotPay has announced the acquisition of Japanese crypto asset exchange BTCBOX, and will subsequently provide services compliant with Japanese regulations through BTCBOX. RedotPay currently does not hold a Japanese crypto asset exchange business license, and acknowledges that its existing services for Japanese residents do not comply with local regulatory requirements. The company will restrict and ultimately terminate the relevant services in phases. RedotPay has suspended new user registrations in Japan and has removed its App from the Japanese Apple and Google app stores. BTCBOX was founded in 2014 and obtained its exchange business registration in September 2017. After a customer information leak in January this year, BTCBOX suspended all services and has been resuming them in phases since August 3. RedotPay stated that it will provide BTCBOX with funding and technical support.

Odaily: Aave has executed an adjustment to the USDT borrowing interest rate parameters in the Ethereum Core market at block height 26,241,799, lowering the rate kink from 94% utilization to 92%, so that borrowing costs rise earlier when liquidity in the pool tightens. The new parameters are: optimal utilization 92%, base rate 0, slope 1 at 4.5%, slope 2 at 10%; the kink rate is 4.5% APR, and at 100% utilization it is 14.5% APR. At 94% utilization, the old curve's borrowing rate is 4.5% APR, while the new curve's is 7% APR, 2.5 percentage points higher. LlamaRisk recommended the adjustment on October 20; based on a supply of 2.8922 billion USDT, 92% utilization leaves about 57.84 million USDT more in unborrowed buffer than 94%. This buffer does not represent actual cash, and withdrawals still depend on available unborrowed liquidity. A snapshot on October 23 showed that actual cash in the pool was about 391.4 million USDT, the variable borrowing APR was about 4.23%, and the supply liquidity APR was 3.29%.

Odaily reports that HSBC has launched the Hong Kong dollar stablecoin RedCoin (RCHKD) through PayMe, with wallet activation to be gradually rolled out over the coming days. PayMe has over 3.3 million users and more than 100,000 merchants. After eligible users activate their wallets, they can redeem 1 RedCoin for every 1 HKD deducted from their Hong Kong dollar balance at a 1:1 ratio, and can transfer funds within PayMe or make purchases at merchants that accept PayMe.

Odaily: A wallet identified in a 2025 report as being connected to a scam targeting Coinbase users transferred 3 million sUSDS to a new wallet. After the funds were redeemed, they were deposited into Tornado Cash in 36 transactions, totaling 1,389.6 ETH.

Odaily reports that a high-severity reliability vulnerability has been disclosed in Succinct's zero-knowledge proof system SP1. The vulnerability was disclosed on October 11 via GitHub advisory GHSA-p7v2-jjv3-8p8f, affecting SP1 native Rust verifier versions 6.0.0 through 6.8.0, potentially allowing the mainnet Prover Network to accept invalid proofs: a malicious prover could submit a proof of invalid execution, and the network verifiers would still accept it. The cause of the vulnerability is that the verifier only reads the data's label (declared dimension) and does not verify whether the actual number of stored elements equals the product of the dimensions; an attacker could forge the label to make an invalid proof pass. Groth16 and Plonk checks that use fixed-shape wrap proofs are unaffected, and the on-chain Solidity verifier is also secure. Succinct released fix version 6.8.1 on September 24, which has been deployed to mainnet; this version adds deserialization length validation. The vulnerability was discovered by Vitalis Salis and reported through the Immunefi bug bounty program. Users who run the native Rust verifier themselves and accept untrusted proofs need to upgrade to 6.8.1.

Odaily reports that trader Killa has posted that current Bitcoin price action is highly similar to 2023. At that time, after BTC broke out of its consolidation range and posted a higher weekly high, it did not fall back below the previous high, but instead went on to form a higher low. If a similar pattern plays out this time, BTC may hold the upper boundary of its previous range, and the price may not fall back to the previous $74,000 low, but instead bottom out and rebound at a higher level. The current trend remains clearly bullish.

Odaily reports that the U.S. SEC's securities tokenization innovation exemption mechanism has sparked industry controversy, with the focus on which blockchains meet the "public and permissionless" admission standards. Qualifying firms can operate tokenized U.S. stock trading platforms under specific requirements without registering as traditional securities exchanges. Currently, TSV LLC, OKXICE, and Kephas Corp. have submitted notifications to the SEC, planning to conduct business using Canton Network or Ethereum Layer 2, respectively. The Solana Policy Institute is calling for a stricter definition of "permissionless," with a focus on examining actual control over transaction validation, censorship, and rule changes; Hedera advocates expanding the scope to allow public chains that use permissioned validator nodes to participate; the Wall Street organization SIFMA is also seeking further clarification of the standards. SEC officials stated that firms may begin operations 30 days after submitting notification, without requiring SEC approval of the blockchain used on a case-by-case basis, but this does not mean the regulator endorses the relevant networks; the SEC is evaluating feedback and may issue supplementary guidance.

Odaily: Initia stated that on October 23 at 22:59 (UTC+8), an attacker exploited a vulnerability in the Initia MoveVM script cache to bypass security checks and forge MoveVM state, crediting themselves with WETH, iUSD, and USDC that had no actual backing. The total supply of the relevant tokens has not changed, INIT was not minted additionally, and the total supply is unaffected.

According to Arkham monitoring, the Polygon multisig wallet tagged address "0xFA5" has transferred a total of 52.928 million POL to the staking contract address, worth approximately $4.82 million.

Polygon officially stated earlier that, according to the PIP-92 proposal, 27.3 million POL from accumulated fees will be used to support staking rewards for the period from October 1 to December 1.