Odaily reports that according to Lookonchain monitoring, a whale withdrew 7,500 ETH worth $20.5 million from Binance in the past 30 minutes.

Odaily reports that DeFi researcher Ignas posted on X platform stating that he originally worried tokenomics innovation had stagnated, but that is not the case. After going through a cycle of low-float, high-FDV token launches, the crypto industry is once again experimenting with new token mechanisms,

Ignas cited examples: ZCAT provides ZEC rewards to holders through a 3% transfer tax; BUN/Mosh uses a "Bundle Launch" to let funding supporters share trading fees but prevents them from withdrawing LP; STONK uses fee revenue for market-cap-weighted buybacks and burns of the top 15 compliant tokens; VVV/DIEM allows users to stake VVV to mint DIEM, then stake DIEM to obtain daily AI credits; ORBIO converts trading fees into AI credits for stakers; and BP requires staking for at least 1 year to qualify for future IPO equity conversion, with token supply unlocks determined by project growth milestones.

Ignas believes the common thread among these projects is the attempt to make tokens no longer just fundraising tools, but assets with real value. However, he pointed out that many of these mechanisms still rely on speculators continuing to trade, and "speculation" still dominates the crypto market.

Odaily News: Trading firm Raven has announced the completion of a strategic funding round at a $90 million pre-money valuation, with Coinbase Ventures and CMCC Global participating. Founded in 2023, Raven initially provided liquidity for crypto trading and expanded into prediction markets in the second quarter of 2025.

Odaily Report: Hyperliquid has now listed BVIV, a Bitcoin implied volatility index contract deployed by Markets.xyz, supporting up to 5x leverage.

Odaily News: A trader is currently long on 1.67 billion PUMP tokens with 10x cross leverage, with a notional value of approximately $9.61 million, an entry price of $0.005579, a current profit of approximately $288,000, and an ROE of approximately 30.9%. The account equity is approximately $970,000, of which $961,000 is margin for this single position, and the liquidation price is approximately $0.00208762.

Odaily reports: a16z crypto has published a post stating that one of the core values of blockchain is "creating entirely new markets." Through permissionless issuance and global distribution, it breaks through the long-standing constraints of traditional financial markets—such as listing committees, legal frameworks, and geographic fragmentation—enabling market supply to better match global potential demand.

According to a16z crypto, from perpetual contracts, spot DEXs, and prediction markets to lending, meme coins, NFTs, and real-world asset tokenization, nearly all representative markets in the crypto industry have benefited from this mechanism. Among them, perpetual contracts are the most direct embodiment of this trend. In July of this year, onchain RWA perpetual contract trading volume reached an annualized scale of $1.4 trillion, accounting for approximately half of Hyperliquid's trading volume. As mechanisms such as HIP-3 and HIP-4 lower the barriers to market issuance, a16z crypto expects that onchain markets will continue to expand into commodities, foreign exchange, indices, 24/7 equity exposure, as well as previously underserved risk assets such as CPI, computing power, music, social trends, and sports.

Odaily News: AI chip leasing company Nscale, which plans to go public, is relatively small and newly established. Although it has grown rapidly over the past year and has signed contract revenue comparable to that of veteran competitor CoreWeave, nearly all of its approximately $103 billion in contract commitments depend on data centers that have not yet been built, and some projects have not even raised all the construction funds they need. Nscale's previously submitted IPO filing shows that the company is seeking to pursue an IPO at a valuation of approximately $35 billion. (The Information)

Odaily reports: AI agent security startup Reco has announced the completion of a new $55 million funding round, an extension of its $30 million Series B round from February, with participation from AT&T's venture capital arm, Forestay, and Quadrille Capital. Following this round, the company's total funding has reached $140 million. (Techcrunch)

Odaily reports: Coinbase Institutional posted on X that Bitcoin (BTC)'s correlation with gold is near historic highs, but similar correlation does not mean identical returns. Over the past month, BTC rose while gold fell, indicating that even with higher interest rates, marginal capital demand still favors Bitcoin. Coinbase Institutional also noted that BTC's 90-day correlation with gold and its beta to the Nasdaq 100 have both declined.

Odaily reports that according to Bithumb's official announcement, Gate has been officially added to the VASP (Virtual Asset Service Provider) support list of CODE, the Travel Rule (anti-money laundering fund transfer rule) compliance solution under South Korea's Bithumb.

Previously, Gate had also been included by Upbit in its supported overseas VASP scope. With this inclusion in Bithumb CODE's support scope, users can now conduct digital asset transfers that comply with Travel Rule requirements between Gate and other CODE-connected VASPs.

Odaily News: AT&T has signed a multi-year fiber supply agreement with Corning valued at over $3 billion. AT&T has committed to investing more than $250 billion in U.S. connectivity over the next 5 years. (Sina Finance)

Odaily reports that Matt Cole, CEO of Bitcoin treasury company Strive, stated in a post that in Bitcoin treasury strategies, the "amplification ratio" is the most important factor driving total returns. His model shows that over 99% of total return variation is determined by the amplification ratio, while the impact of cost of capital is far lower than commonly perceived by the market.

Cole stated that Strive's goal is to outperform Bitcoin by maximizing total returns for common shareholders, with its base case projecting Bitcoin's annualized compound growth rate at approximately 50% through 2030. Cole said he hopes to raise Strive's amplification ratio above 60% later this year, but if warrants are exercised in the coming weeks or Bitcoin rises further, achieving that target will become more challenging.

Odaily News: Litecoin treasury company Lite Strategy has released its financial results for the fiscal year ended June 30, 2026. According to reports, fiscal year 2026 was its first full fiscal year since implementing its LTC treasury strategy. The company disclosed that it deployed $100 million during the fiscal year to purchase over 900,000 LTC; as of June 30, its holdings stood at 832,716 LTC, representing more than 1% of the total LTC mined to date. Regarding share buybacks, the company's previous buyback round repurchased approximately 4.4 million shares of LITS, representing about 12% of outstanding shares; as of September 22, total buybacks had increased to approximately 6.4 million shares, raising the proportion to about 17%. Additionally, from the launch of its LTC covered call strategy through September 22, the company has recorded approximately $930,000 in option premium income. (Globenewswire)

According to on-chain data monitoring, trader Doomer (@solanadoomer) is continuously accumulating PUMP through limit buy orders. After his last similar purchase, the price of PUMP rose by about 5%. The trader still holds approximately $6 million in stablecoins, which have not yet been deployed into the market.

Odaily News: Muse surpassed 3 million installs in the U.S. within 16 days of launch, with early growth clearly outpacing other mainstream AI applications. Deutsche Bank believes that Muse's long-term monetization focus may shift from subscriptions to transaction commissions, payments, and advertising, with revenue potentially exceeding $36 billion by 2030 under an optimistic scenario. High inference costs remain a scaling challenge, while wearables and enterprise AI agents are expected to further expand Muse's use cases. Deutsche Bank maintains its "Buy" rating on Meta and raises its price target from $750 to $820. (Sina Finance)

Odaily report: Bloomberg ETF analyst Eric Balchunas posted on X that bond mutual funds can be seen as an early warning signal in a rising interest rate environment, and listed the worst-performing active bond funds in September for the market to watch. Eric Balchunas said that large funds such as PIMCO and Fidelity have a greater impact on deepening the bond selloff, but smaller funds may encounter potential problems earlier.