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)
According to Gate data, the US dollar against the offshore Chinese yuan (USDCNH) fell to 6.680 and is now at 6.67992, down 0.1% from the previous session's close.
Odaily report: Bybit CEO Ben Zhou stated that Bybit had already covered the losses caused by the previous North Korean hacker attack through operating revenue such as trading fees by the end of last year. He believes that trading platforms will continue to suffer hacker attacks in the future, and security systems should be designed on the premise of "assuming a breach will definitely happen." Ben Zhou said that the golden period of expansion for global trading platforms has passed, and the industry will undergo further consolidation in the future, while regional trading platforms with licenses and local operating capabilities still have development opportunities. Bybit's profit declined year-over-year this year, and its traditional asset trading business such as stocks is currently not enough to offset the impact of its crypto business; over the next year, its core strategy will focus on regional development and deep localization, while continuing to evaluate opportunities to cooperate with local U.S. institutions that have retail user bases.
Odaily reports that the Zakura team, developers of new Zcash software, has proposed allocating an independent viewing key for each ZEC cross-chain swap completed through NEAR Intents, in order to defend against privacy threats posed by future quantum computers. When users swap ZEC for USDC, NEAR Intents publicly discloses a Zcash address on the NEAR public chain for refund purposes; this address carries a public key generated from a viewing key, and future quantum computers could potentially use Shor's algorithm to derive the key in reverse and link the account's receiving records and memos. The proposal would allocate viewing keys independently to each swap, while spending keys remain in the user's main account, and refunds would be located through private information retrieval.
Monitoring by the PPP prediction market tool shows that on Polymarket, the probability of "SOL reaches $110 in the remaining period of October" has risen to 70%, up 16% in 24 hours; the probability of SOL reaching $120 in the remaining period of October has risen to 26%, up 9% in 24 hours.
According to the settlement rules, this prediction market uses the highest price of the 1-minute K-line of the SOL/USDT trading pair on Binance as the settlement basis. From the market's creation until 23:59 Eastern Time on the last day of the month specified in the title, as long as the final highest price of any 1-minute K-line reaches or exceeds the specified price, the market settles as "Yes"; otherwise, it settles as "No".
In addition, price movements before the market's creation are not counted in the statistics, and prices from other exchanges or trading pairs are not used as the settlement basis.
Join the PPP signal push community to stay one step ahead and seize the initiative.
Odaily: Senior officials from South Korea's finance ministry plan to hold consultations with major cryptocurrency exchanges on Tuesday, with participants including representatives from Upbit, Bithumb, Coinone, DigitalX, Gopax, and the Digital Asset Exchange Alliance (DAXA). Yoo Young-jun, Director General of the Digital Finance Policy Bureau at South Korea's Financial Services Commission, will attend the meeting.
South Korea has postponed the crypto tax three times, most recently pushing the implementation date to 2027. Exchanges say that applicable rules for different transaction types have not yet been determined and that infrastructure preparation time is limited, with the industry broadly supporting a further delay of the tax.
South Korean Democratic Party lawmaker Park Min-gyu recently proposed a bill that would set the tax start date as January 1 of the second year after South Korea begins sharing data under the OECD Crypto-Asset Reporting Framework (CARF). If the first data exchange takes place in 2027, the tax would begin in 2029. (Cointelegraph)
1. Trump's approval rating drops to 33%, putting Republicans under pressure ahead of the U.S. midterm elections;
2. Repayment deadline delayed by another year, Mt. Gox extends repayment deadline to October 31, 2027;
3. Musk: AI and robots are the only way to solve the U.S. national debt problem; cutting government spending alone will not work;
4. Former Mt. Gox CEO questions Ledger's security claims, saying they contradict its technical documentation and constitute potential consumer misrepresentation;
5. South Korea's Financial Supervisory Service plans to investigate unfair trading involving token foundations and other high-risk market behavior;
6. 20-day net purchase of $7.8 million in HYPE, Grayscale's HYPG increases holdings;
7. An address with total profits exceeding $126 million added approximately $5.61 million to its BTC short position.
Odaily: Bitget has launched perpetual contracts for 8 popular Taiwan stocks, including TWTSM (TSMC), TWDELTA (Delta Electronics), TWASX (ASE Technology Holding), and TWUMC (UMC).
These contracts are settled in USDT and support up to 20x leverage with 7×24-hour trading. As of now, Bitget supports a total of 364 stock contract underlying assets.
Odaily reports that according to official announcements, Gate has listed PAPERUSDT perpetual contract pre-market trading (USDT-settled), supporting 1-10x leverage.
PAPER (PaperTrade) is the native token of PaperTrade, a synthetic perpetual contract platform on HyperEVM.
