Odaily News: Recently, Chris Kuiper, Vice President of Research at Fidelity Digital Assets, stated: "The bear market may not be over yet." He believes that the rebound since August could be either the starting point of a new upward leg or merely a bounce within a bear market, and that "price upside does not guarantee the end of the bear market." Based on the four-year cycle framework, November is a key window to watch (the bottom of the previous bear market was in November 2022), but he also emphasized that historical cycles never repeat precisely, and BTC may decline again and set a new low in November or later.

A relatively positive signal is that from June to mid-August, digital asset volatility remained low before rapidly expanding, a pattern similar to the late stages of previous bear markets, which may mean that selling pressure is nearing exhaustion. During the same period, stablecoin transfers, RWA, and institutional participation continued to grow.

Odaily News: Upbit has added KAIA Korean Won, Bitcoin, and USDT trading pairs.

According to DefiLlama data, among global centralized exchanges, the top three platforms by 24-hour open interest are: Binance ($33.225 billion), Bybit ($13.986 billion), and Gate ($13.247 billion).

Odaily News: According to MSX.COM data, U.S. pre-market memory concept stocks broadly rose, with SK Hynix (SKHY.O), SanDisk (SNDK.O), and Micron Technology (MU.O) up over 2%.

Odaily Report: According to MSX.COM data, Lumentum, a leading US optical communications company, rose 4% in pre-market trading after its CEO said optical component capacity has been "sold out" through early 2029. Boosted by this, Coherent gained over 3%, while Corning, Ciena, and Credo rose more than 2%, and Marvell Technology climbed nearly 2%.

Odaily reports: XXAntiWar posted on X platform that they have traded ZEC 13 times since September, and shorted ZEC again 2 hours ago. They currently hold a 3x leveraged short position of 3,356.65 ZEC, worth $4.11 million, with an entry price of $1,221.4296. The trader took profit on a short position 14 hours ago, gaining $545,000; across the previous 13 trades, the win rate was 61.5%, i.e., 8 wins and 5 losses, with cumulative profits of $216,000. Short positions accounted for 84.6% of these, with only 2 being long positions.

Odaily reports: Yi Lihua posted that Bitcoin has lost the $82,000 level, and the next support level is at $79,000. However, based on the pace of the decline over the past two days, the current pullback is far from over, and it is now more likely to break below $79,000, at which point we will then assess the situation around the $75,000 range. We have been watching this $86,000 pullback for so long and indeed have not shorted, because the trend is still a bull market, and a pullback is also normal fluctuation within a bull market. We stick to the principle of expecting pullbacks in a bull market but not shorting, patiently waiting for the pullback to bottom out before buying the dip. As for the dip-buying price, never guess in advance, because the market and environment are constantly changing.

Odaily reports that Binance will add a monitoring tag to Biconomy (BICO) and Civic (CVC) on October 9. Binance stated that tokens with a monitoring tag typically exhibit higher volatility and risk, may no longer meet the platform's listing standards, and face the risk of delisting.

Odaily report: Flap team member Jason posted on X that creating a token through Flap generates a Pcs Infinity Hook token ending in 8888.

According to official news, OKX Flash Earn Lite has simultaneously launched USDT and XDP "Stake to Earn." From now until October 14 at 15:00 (UTC+8), users who subscribe to designated assets can share in 280,000 USDT and 15,000,000 XDP airdrop rewards. Participants can join the relevant activities through the activity link or via "Flash Earn" at the top of the Explore page in the OKX App.

Odaily News: According to official sources, Binance will open the Alpha airdrop and trading today at 17:00 (UTC+8).

This event adopts an upgraded "Alpha Mystery Box" model, and the airdrop prize pool includes tokens from multiple projects. Users holding at least 245 Binance Alpha points can claim one token reward. First come, first served. Claiming the airdrop will consume 15 Binance Alpha points.

This airdrop features three reward tiers: Common (80% of the prize pool), Rare (15%), and Hidden (5%), with each tier corresponding to a different Alpha Mystery Box value. When claiming, users will be assigned to one of these tiers, and rewards will be distributed according to the proportions of these tiers. If rewards are not fully distributed, the points threshold will automatically decrease by 5 points every five minutes.

Odaily News: Michael Saylor stated that the period from now until 2035 will be a "gold rush" era for digital assets, and the crypto economy remains in a small-scale, high-growth phase compared to other global asset markets. He predicts that by 2035, 99% of Bitcoin will have been mined, and he positions Bitcoin as "digital capital." ETFs and wrapped Bitcoin products, treasury companies, digital credit, and bank collateralized lending are the four main drivers of Bitcoin adoption.

Michael Saylor stated that Strategy does not have a fixed Bitcoin holdings target, but instead continues to accumulate Bitcoin as it raises capital, with holdings now having increased to approximately 848,000 BTC. Strategy's issued STRC is a perpetual preferred stock that pays cash dividends, designed to provide volatility and cash flow characteristics different from directly holding BTC. In addition, he focuses on Bitcoin's 200-week moving average and the premium or discount of its price relative to that average, and stated that funds that previously flowed into AI and large private financing have begun to flow back into the crypto market.

Odaily News: On-chain insurance protocol Firelight has stated that some deposit addresses failed fund screening, and the related funds have been unstaked and returned to the original addresses, involving 87 addresses and a total of 117,500 FXRP. Firelight said that its current mechanism screens blacklisted addresses or OFAC-sanctioned addresses at the time of fund deployment and throughout the entire cycle. If an address is flagged at deployment or during the cycle, the funds will remain in the protocol until the end of the cycle without generating rewards, but can still participate in the insurance module for the remainder of that cycle. After the cycle ends, the funds will be returned, and the relevant wallets will be prohibited from re-accessing. Firelight stated that this approach is unsustainable and that it will roll back the blacklist process and unblock affected wallets in the coming days, with the timing and steps for recovering funds to be announced separately. Security, KYC, and institutional standards remain unchanged, and Firelight will develop a new plan that does not affect users in the coming weeks, and will seek community feedback before making changes. Flare co-founder Hugo Philion stated that due to compliance policies, 84 Flare addresses were unstaked by Firelight, and he personally will provide equal compensation to the addresses among them that are not sanctioned and not widely blacklisted.

According to Lookonchain monitoring, a certain address has achieved a 100% win rate with cumulative profits of $9.26 million. After the market declined, this address went long 12,000 ETH with 20x leverage, with a notional value of $29.88 million, and currently has an unrealized profit of $626,000.