Odaily News: Osmosis has stated that bOSMO, a liquid staking token issued by Backbone Labs, has a redemption contract vulnerability. Since April 2026, each redemption through the contract has double-counted OSMO staked by Backbone's own validators, causing redeeming users to receive approximately 50% more OSMO than they should be entitled to, with the excess paid out borne by other bOSMO holders. To prevent further harm to other holders from community pool redemptions, relevant parties executed a single transaction on October 10 to redeem approximately 776,000 bOSMO and withdraw approximately 1,299,700 OSMO. The OSMO involved in this redemption is expected to complete unbonding on October 24. Osmosis will compensate the 1,037 accounts that held bOSMO at the time of the snapshot with approximately 40,500 OSMO, based on a pre-redemption ratio of 1.1174 OSMO per bOSMO. The compensation will be automatically distributed after unbonding is completed on October 24, requiring no action from users. Following the redemption, the asset backing of bOSMO has dropped significantly, and redeeming each bOSMO through Backbone now yields only approximately 0.06 OSMO. As the vulnerability remains unfixed, the market can still mint new bOSMO at a cost of approximately 0.039 OSMO, and pricing in some liquidity pools may be significantly higher than the actual redemption value. Osmosis advises users not to purchase bOSMO or provide liquidity to related liquidity pools, and recommends that existing liquidity providers withdraw their funds.

Odaily reports that Visa has announced that Visa Direct's stablecoin functionality has moved from the pilot stage to commercial deployment, with Inyo Global becoming the first service provider to bring Visa Direct's stablecoin pre-funding functionality into commercial operation. Enterprises can use a single interface to complete user onboarding, fraud prevention and compliance management, and fund collection on the Inyo Global platform, and make domestic and cross-border payments to more than 180 countries and regions worldwide.

Odaily News: After Tesla's next-generation Roadster made its debut at the launch event, demonstrating features such as briefly hovering in the air and performing mid-air flips, the TSLA perpetual contract price rose from approximately $365.27 to $373.04, an increase of about 2.13%. During the rally, at least three whales opened long positions in succession from zero holdings, with a combined position of approximately $3.98 million, a weighted average entry price of approximately $367.33, and a combined unrealized profit of approximately $60,900. Ten minutes after the news was released, one whale opened a long position with 20x leverage, currently holding approximately $1,851,500 at an average price of $365.51, with an unrealized profit of approximately 38%. About 50 minutes after the news was released, another whale used 10x leverage to buy in batches via TWAP, completing the position build in about 30 minutes, currently holding approximately $1,119,100 at an average price of $368.13, with an unrealized profit of approximately 12%. More than 1 hour after the news was released, a third whale opened a long position with 20x leverage, currently holding approximately $1,009,400 at an average price of $369.77, with an unrealized profit of approximately 15%. Within hours after the news was released, TSLA contract trading volume reached $81.12 million, approximately 24.3 times that of the previous period; the 24-hour trading volume rose to $128 million. During the same period, the notional value of open interest rose to $82.33 million, an increase of approximately $35.63 million, or about 76.3%.

Odaily News: According to market data, Changxin Technology's total market capitalization has once again exceeded 3 trillion yuan, currently at 3.11 trillion yuan, once again surpassing ICBC and reclaiming the top spot in total market capitalization among A-shares. Changxin Technology's stock price is currently reported at 45.98 yuan.

Odaily News: Singapore Gulf Bank (SGB) has announced that individual customers can now perform two-way conversions between USD and USDT, USDC through its mobile banking app, without needing to transfer funds to a cryptocurrency exchange. Customers can hold USDT, USDC, and other fiat currencies in the same bank account, and the service supports round-the-clock conversion from Monday to Friday. Singapore Gulf Bank was initiated by Singapore's Whampoa Group.

Odaily: Fed Chair Warsh: Since the September FOMC meeting, global conditions have largely been in line with our expectations. We will make judgments at the October and December meetings. (Jinshi)

Odaily News: On-chain analyst Murphy posted on X that during the recent BTC decline, the scale of BTC transfers to exchanges by short-term holders (STH) increased significantly, with an average of approximately 2,200 BTC transferred per hour within a 4-hour window, reaching the fourth-highest level since the market rally began in August this year. However, the transfer peak on October 15 was already lower than that of October 8, indicating that the potential selling pressure from short-term holders has somewhat weakened.

In contrast, long-term holders (LTH) transferred only about 480 BTC per hour to exchanges during the same period, roughly one-fifth of that of short-term holders. Murphy noted that on October 8, long-term holders had a transfer peak of approximately 3,700 BTC per hour, which may have been partly related to asset transfers triggered by a hardware wallet security incident. However, considering that both long-term and short-term holders showed large-scale transfers on that day and BTC prices fell rapidly, actual selling pressure still existed in the market.

Murphy believes that during the current decline, those transferring BTC to exchanges are primarily short-term holders, while long-term holders remain relatively stable overall, and the transfer intensity of short-term holders has weakened compared to before, reflecting that the BTC holder structure still possesses a certain degree of resilience.

Odaily reports that Bitcoin Layer 2 platform Stacks has released its third-quarter ecosystem report. Data shows that during the first two locking cycles, a total of 735 BTC entered the Bitcoin staking system. Since the PoX-5 hard fork, the amount of STX participating in staking has grown by more than 25%, increasing from 392 million to 493 million. In the first locking cycle, Bond 1, a total of 230 BTC was deposited, with participants including 21shares, HashKey Cloud, UTXO Management, and Sypher Capital; in the second locking cycle, deposits doubled to 505 BTC.

Odaily News: According to SoSoValue data, yesterday (US Eastern Time, October 15), SOL spot ETFs recorded a total single-day net outflow of $9.8179 million.

The SOL spot ETF with the largest net outflow yesterday was Grayscale Solana Trust (GSOL), with a single-day net outflow of $6.0145 million, while its total historical net inflow has reached $160 million.

Next was Bitwise Solana Staking ETF (BSOL), with a single-day net outflow of $3.8034 million, while its total historical net inflow has reached $1.192 billion.

As of press time, the total net asset value of SOL spot ETFs stands at $1.676 billion, with an SOL net asset ratio of 2.69%, and cumulative historical net inflows have reached $1.570 billion.

Odaily reports that French Bitcoin treasury company Capital B has released its 2026 half-year report. First-half revenue was EUR 5.846 million (approximately USD 6.55 million), up 3.5% year-over-year; net loss was approximately EUR 69.5 million (approximately USD 77.9 million), compared with a loss of approximately EUR 1.86 million (approximately USD 2.08 million) in the same period last year. The loss was mainly due to an impairment of approximately EUR 67.5 million (approximately USD 75.65 million) recognized as of June 30 from the decline in Bitcoin prices, and this loss did not involve cash outflows.

As of September 30, Capital B's strategic Bitcoin reserve increased to 3,538 BTC, with a cumulative purchase cost of approximately EUR 310.6 million (approximately USD 348 million), averaging approximately EUR 87,805 (approximately USD 98,412) per coin, up 25.3% from the 2,823 BTC held in January 2026; year-to-date Bitcoin yield was 2.2%.

Odaily reports: According to official sources, X Layer and TapeOut have jointly launched a two-month "X Layer TapeOut Developer Acceleration Program," targeting developers, creators, and the onchain community. The program encourages participants to build onchain applications on X Layer that address real user needs using the TapeOut protocol and ecosystem tools, driving the transformation of innovative ideas into practical, usable products.

It is reported that the program will provide participating teams with technical exchange, product feedback, and resource matching through livestreams, open AMAs, mentor Q&A sessions, and online/offline Demo Days. The official teams from X Layer and TapeOut will conduct joint evaluations, focusing on dimensions such as product value, user experience, commercialization potential, and ecosystem technology application, and will provide outstanding projects with follow-up product, technical, and ecosystem partnership support.

Odaily News — According to a Bitcoin.com report, Gate founder and CEO Dr. Han gave an exclusive interview during TOKEN2049 in Singapore, sharing in-depth insights on the "One Gate, Everything Money" vision and the Gate Money product architecture.

Discussing the platform's evolution from an exchange to a comprehensive financial platform, Dr. Han stated that the value of Gate Money lies in completely reshaping users' fund management experience. Under the traditional model, idle cash depreciates due to inflation, while stocks and gold lack liquidity. Gate Money completely dissolves the barriers between traditional finance and the crypto world, integrating fiat currency, crypto assets, gold, stocks, and wealth management and consumption scenarios into a unified account. Users no longer need to hold large amounts of idle cash and can directly use high-quality assets such as gold and stocks as liquidity for instant spending and transfers, eliminating the cumbersome experience of cross-platform transfers while maximizing the capital utilization efficiency of their investment portfolios. Dr. Han pointed out: "The future of finance is not about holding cash, but about making all assets flow instantly and maximizing capital efficiency."

Dr. Han emphasized that this integrated architecture allows users to commit all their capital to high-quality assets with value-preservation and appreciation potential, without having to sacrifice investment returns for daily liquidity. When settlement occurs, the underlying system automatically completes an instant conversion of assets to fiat currency at the point of payment, ensuring that every unit of funds remains in efficient investment operation before it is actually spent, achieving a seamless and frictionless connection from asset holding to instant payment.

Odaily: According to MSX's announcement, MSX has completed the current cash dividend distribution for 5 US stock token assets, including Lam Research (LRCX), Occidental Petroleum (OXY), SUI (SUI), Hewlett Packard Enterprise (HPE), and Intuit (INTU), and has automatically distributed the dividends to eligible user accounts. The execution dates were October 14, October 15, October 15, October 16, and October 16, 2026, respectively, with dividends per share of $0.33, $0.28, $1.12, $0.1425, and $1.38. Users' eligibility for dividends is determined by the effective holdings at the corresponding record time. Records of dividend receipt can be checked via the MSX App/Web under "Assets—Deposit—Deposit History."

According to Odaily Meme Express monitoring, the market cap of Tesla Can Fly on BSC briefly exceeded $900,000.

Today, Tesla announced the performance specifications of the Roadster sports car. The rocket version can accommodate 1 person, is equipped with a multi-mode suction system and surrounding cold air thrusters, and supports forward, backward, and upward acceleration as well as lateral rotational movement, meaning this model is capable of flight.

"Meme Express" is powered by Odaily's exclusive AI model to screen potential community-hyped targets. The content is compiled based on public information and does not constitute investment advice. Please conduct your own due diligence and be aware of the high volatility risks of Meme coins.

Odaily News: On October 16, according to SoSoValue data, the crypto market sectors overall showed a modest upward trend, with the AI sector performing notably well, rising 3.63% in 24 hours. Among them, Akedo (AKE) rose 16.45%, and Venice Token (VVV) rose 10.25%. Meanwhile, Bitcoin (BTC) rose 0.54%, breaking through $82,000; Ethereum (ETH) rose 0.78%, breaking through $2,400.

In other sectors, the DePIN sector rose 2.54% in 24 hours, with Grass (GRASS) up 9.34%; the Layer2 sector rose 2.11%, with Starknet (STRK) up 11.48%; the PayFi sector rose 1.94%, with Zcash (ZEC) up 7.92%; the DeFi sector rose 1.46%, with Curve DAO (CRV) up 7.56%; the Layer1 sector rose 1.16%, with Injective (INJ) up 13.88%.

Additionally, the Meme sector fell 0.26%, though Pons (PONS) rose 9.40%; the CeFi sector fell 0.22%, with OKB down 3.29%.

Crypto sector indices reflecting historical sector performance show that the ssiAI, ssiDePIN, and ssiRWA indices rose 3.87%, 3.24%, and 2.92% respectively.

Odaily News: According to GMGN data, the market cap of FTR on Solana briefly hit $5.86 million, up over 640x in 24H, and is now at $4.5 million.

It is reported that the project's narrative centers on the era of flying cars, claiming to connect the SPCX and TSLA ecosystems through OTCdesks. Today, Tesla announced the performance specifications of the Roadster sports car, among which the rocket version can accommodate 1 person, is equipped with a multi-mode suction system plus surrounding cold gas thrusters, and supports forward and upward acceleration as well as lateral rotational movement, meaning this model is capable of flight.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.