According to monitoring by on-chain analyst Ai Yi, three addresses that may belong to the same entity or whale redeemed 18.085 million ENA from Ethena and deposited them to Binance in the past hour, worth $3.64 million, with an average deposit price of $0.2013.
Odaily: DePIN + AI open ecosystem platform IoTeX has announced that its Zanzibar hard fork has gone live on the mainnet. Under proposal IIP-59, voter staking rewards are now calculated and distributed directly on-chain by the protocol in each reward cycle, eliminating the need for off-chain services or intermediaries, and anyone can verify each payment directly from the chain. The first on-chain distribution will take place tomorrow. Zanzibar also strengthens the consensus mechanism through delegated key ownership proof checks, paving the way for subsequent BLS signature aggregation.
Odaily reports: Analyst Darkfost posted that since Bitcoin hit its peak last October, its maximum drawdown has reached 54%, and the current price is about 35% below the high. Over the same period, cumulative sell pressure in Binance's Meme coin sector has exceeded $1.4 billion, making it one of the sectors hardest hit in this bear market.
Darkfost noted that Meme coins lack fundamental support, with prices driven mainly by market sentiment and cultural trends. Currently, Meme coins' share of the total altcoin market cap has fallen to a historic low of less than 3%, reflecting continued liquidity outflow from the sector. He believes that Meme coins tend to face greater downside pressure during market corrections, and investors should be alert to related risks.
Odaily reports: On October 20, Central Time in the United States, SpaceX will release its financial and operational results for the third quarter of 2026. At that time, the SpaceX executive team will hold an audio livestream for the Q3 earnings Q&A, and SpaceX shareholders can submit questions before the meeting and like them; these questions may be shared and answered during the livestream.
As of now, the question “When will SpaceX merge with Tesla” has surged into the top three on the liked-questions list, becoming one of the questions investors care about and look forward to most.
Odaily reports: In a 3.5-hour in-person conversation with Jin Ming, Justin Sun stated that Hyperliquid is one of the biggest new discoveries to emerge during this cycle, and its launch of US stock perpetual contracts has opened up new imaginative possibilities for the industry. As more and more projects move into US stock perpetual contracts, Hyperliquid is facing intensifying competition. Justin Sun believes that the key to future competition between DEXs and CEXs lies in how US regulators define Hyperliquid's regulatory boundaries; if it obtains a regulatory exemption similar to that of Uniswap, it is possible that a large number of CEXs could pivot to the DEX model. Conversely, if regulation tightens, Hyperliquid will face significant pressure. Hyperliquid's maturity in regulatory affairs and US domestic operations still cannot compare with onshore compliant entities such as Circle.
Odaily: South Korea's financial regulator said on Monday that a potential listing by Solidigm, the US subsidiary of SK Hynix, could violate restrictions on "dual listings." Lee Chan-jin, governor of the Financial Supervisory Service (FSS), said the regulator is examining whether Solidigm would need to undergo a review under domestic regulations if it pursues an IPO in the United States. When asked how the regulator would protect the interests of minority shareholders of parent company SK Hynix if Solidigm lists, Lee Chan-jin replied: "We have been closely monitoring this matter... Both the Financial Services Commission and we believe this constitutes a violation of the regulations on 'dual listings.'" (Jinshi)
Odaily News: Lee Jung-jin, Governor of South Korea's Financial Supervisory Service, stated during a parliamentary audit by the National Assembly's Legislation and Judiciary Committee that South Korea is working with the Financial Intelligence Analysis Unit (FIU) to advance the development of a crypto asset regulatory system, following earlier internal control failures at exchanges such as Bithumb. Lee Jung-jin said the second-phase draft of the Digital Asset Basic Act will strengthen the regulatory framework, and the new regulatory structure is nearing completion. National Assembly member Lee Kang-il pointed out that South Korea's crypto asset regulatory authority is fragmented across the Financial Services Commission, the Financial Supervisory Service, the FIU, and the Bank of Korea, and that the relevant exchanges have numerous suspected violations.
Odaily reports: ILITY announced on October 17 that a security incident occurred on the ILITY Network, and the ILITY cross-chain bridge has been temporarily shut down. The team is cooperating with law enforcement agencies, cryptographic forensic experts, and investors in the investigation, and has not yet disclosed the amount of losses or attack details. On-chain analyst Specter stated that a wallet was observed transferring approximately 35,700 ZEC out of the privacy pool, worth about $41 million at the time, which was subsequently routed through NEAR Intents and multiple addresses to the Bitcoin and Ethereum networks. Specter's tracing suggests that the relevant addresses are linked to the ILITY cross-chain bridge, and noted that approximately 4.1 million ILY tokens flowed out from the bridge. Due to the privacy features of Zcash, whether this ZEC constitutes stolen funds and its exact relationship to the ILITY incident have not yet been confirmed.
Odaily: According to market data, A-share Unitree Technology's gain widened to 18%, with the stock price now at 504 yuan.
Odaily reports: Over the past 3 hours, a certain whale has accumulated an additional 6,126.64 ZEC through TWAP, with a transaction value of approximately $7.2049 million, at an average add-on price of $1,176, increasing the position size by approximately 57.5%. After adding to the position, its ZEC long position increased to 16,779.74 ZEC, valued at approximately $19.4863 million, with an average price of $1,179.65. It is currently at a loss of approximately $307,900, with a liquidation price of approximately $838.19. This whale first began continuously executing ZEC trades on July 19, with the current position cycle starting on September 6, and has not reduced its position thus far. In addition, it holds a long position of approximately 1.1213 million NEAR, valued at approximately $5.691 million, with a profit of approximately $89,500; as well as a long position of 1 billion PUMP, valued at approximately $4.455 million, with a profit of approximately $85,900. The three long positions are collectively valued at approximately $29.6323 million, of which ZEC accounts for approximately 65.8%.
Odaily reports: According to market data, the A-share humanoid robot sector continued to rally, with Unitree Robotics up over 14%. Several stocks including Sihui Fuji, Ningbo Dongli, Riying Electronics, Hengtong Optic-Electric, and Zhaowei Motor had previously hit the daily limit up, while Suochen Technology, Orbbec, and Beite Technology also posted gains.
Odaily Report: 6thManVentures investor Mike Dudas posted on X, citing Hyperdash data, stating that 400,000 retail traders who accessed Hyperliquid through third-party apps (Phantom, MetaMask, fomo, etc.) incurred cumulative losses of $280 million, with losses from app fees exceeding trading losses. Moreover, most retail traders stopped trading after incurring losses, resulting in extremely low user retention rates.
Odaily reports that Mirae Asset Securities of South Korea is moving forward with plans to launch its first batch of tokenized financial products in the first quarter of 2027, initially focusing on private money market funds (MMFs) and private bonds aimed at institutional investors. Tokenization technology represents the rights of traditional financial products in the form of blockchain-based digital tokens, enabling ownership and transaction records to be registered and managed on-chain. The company stated that the specific launch timing, final product lineup, and token issuance and distribution structure have not yet been determined.
Odaily reports: On October 19, JustLend DAO announced the cumulative results of $JST's five rounds of buyback and burn: the total burn amount reached 1,881,973,007 JST, accounting for 19.01% of the total supply, with an estimated cumulative burn value of approximately $118.15 million. This deflationary mechanism has been built round by round based on protocol revenue. Each round of buyback and burn is transparently recorded through on-chain transactions and publicly verifiable, reflecting sustained execution and traceability under the community governance framework. As the circulating supply gradually decreases, JST's long-term value support and ecosystem sustainability have been further strengthened, laying a solid foundation for the normalized advancement of the subsequent buyback and burn mechanism.
Odaily News: U.S. stocks are expected to open higher on Monday. This follows the market's largest weekly decline since April of last year, when Trump announced tariff policies. During Asian trading hours, Nasdaq 100 futures, which are tech-heavy, rose 1.3%, while S&P 500 futures gained 0.8%. Analysts noted that investors are now reassessing the market situation after Friday's selloff, which was triggered by concerns over widening credit spreads among companies tied to AI data centers. This easing of sentiment also supported Asian markets. South Korea's KOSPI index rose 0.5% on Monday after suffering an 11% decline last week.
Prashant Bhayani, Chief Investment Officer for Asia at BNP Paribas, said: "We're seeing a rebound because there was no substantive escalation in the Iran conflict over the weekend." Bhayani added that after last week's "de-risking" moves, traders have adopted a wait-and-see approach toward AI-related trades. Japan's TOPIX index fell nearly 1% in early trading on Monday but recovered in the afternoon, ending the day roughly flat. The Nikkei 225, which is heavily weighted with technology stocks, fell 0.7%. (Financial Times)
