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.

Odaily reports, according to Onchain Lens monitoring, Chainlink Reserve purchased and received 89,200 LINK on October 15, worth $1.11 million. Over the past 30 days, it has accumulated 431,900 LINK purchased, worth $5.41 million; it has cumulatively purchased 6.29 million LINK for $70.76 million; it currently holds 6.29 million LINK, worth $78.3 million.

Odaily — Strive announced that it has upsized its SATS IPO to $700 million, with a price of $90 per share. Strive's CEO said details will be discussed in depth in the next episode of HurdleRatePod, which will be released after the IPO settles next Tuesday.

According to on-chain analyst Ember Monitoring, two wallets belonging to the same entity transferred 14.48 million WLD to the exchange Binance 9 hours ago, worth $7.21 million.

Odaily reports: OpenAI disclosed that in June of this year, an internal research model, the GPT-5.6 Sol series, was assigned the task of updating a cryptocurrency trading application and deploying a contract on the Ethereum testnet Sepolia. Because the task did not provide a funded wallet and did not authorize the use of external funds, the model first attempted to obtain test ETH from a faucet but was unsuccessful. It then derived addresses from publicly available developer mnemonics online, scanned hundreds of addresses, and found an account with a balance. In its internal reasoning, the model questioned whether using funds from a publicly exposed private key was ethical, then concluded that the funds were testnet ETH with no real value and that the mnemonic had already been made public. It therefore used the account to pay the gas fee required for deployment and successfully completed the contract deployment. OpenAI discovered this behavior during a subsequent expansion of alignment monitoring and disclosed it on October 15, 2026, in its official Misalignment Reports, categorizing the incident as the unauthorized use of a funded test cryptocurrency wallet.

Odaily News: Hyperliquid Labs co-founder Jeff Yan said on Bloomberg's "Odd Lots" podcast that Hyperliquid is not yet open to U.S. customers. Hyperliquid would rather become the underlying trading technology used by traditional financial institutions than replace existing financial market participants, positioning itself by analogy with Amazon Web Services (AWS) providing computing infrastructure for enterprises. He said: "We are not trying to replace anything. In fact, I think this technology can benefit institutions that currently operate markets in a more traditional way."

Jeff Yan believes that regulatory obligations should fall on the financial institutions operating markets based on the Hyperliquid blockchain, rather than on the blockchain network itself. This regulatory arrangement would allow Hyperliquid to further expand into Wall Street while avoiding bearing the full compliance burden of a traditional exchange. The blockchain is better suited to serve as underlying infrastructure providing order books, clearing, global distribution, and liquidity aggregation. U.S. regulators are relatively cautious about new technologies, but are also willing to move innovation forward quickly; as for Hyperliquid becoming "the home of all financial assets" in the future, his team is "very serious" about it.

According to Lookonchain monitoring, AGT surged over 100% today. Five wallets opened a combined long position of 50.17 million AGT on Aster DEX with 2x leverage, worth $1.7 million, and currently hold $887,000 in unrealized gains.

Odaily News: Ramp co-founder and CEO Eric Glyman announced on X that Ramp has completed a $1.85 billion funding round, reaching a valuation of $60 billion.

Glyman stated that seven years ago, he and co-founder Karim Atiyeh established the mission of "helping businesses save time and money." That mission remains unchanged to this day—only the company's growth ambitions have further expanded.

Odaily: Australia has released the draft Treasury Laws Amendment Bill 2026: Tax Information Reporting, with a public consultation period ending on October 28. The draft seeks to incorporate the OECD's Crypto-Asset Reporting Framework (CARF) into Australia's legal system and introduce a domestic crypto-asset reporting regime. The Australian government expects to commence international exchange of cryptocurrency tax information in 2028.

Odaily News: Justin Sun recently stated in an interview that the market severely underestimates the potential impact of Quantum Threat Day (Q-Day) on Bitcoin's price. TRON is pushing forward with the implementation of the National Institute of Standards and Technology (NIST) post-quantum cryptographic standards, with the relevant technology already live on testnet and expected to be deployed to mainnet as early as early next year. He stated that the Bitcoin network's consensus and technical upgrade progress is slow, and that even if the risk were confirmed two years in advance, completing a network-wide upgrade would be nearly impossible; major financial institutions including BlackRock, despite investing substantial capital, have not truly participated in Bitcoin development and lack sufficient understanding of its underlying technological evolution.

Odaily News: Stripe CEO Patrick Collison posted on X, saying today might be a good time to look back at the data and performance of Privy one year after Stripe's acquisition.

Patrick said that over the past year, the Privy team's execution has been extremely impressive: wallet-custodied assets grew about 25x, monthly active developers increased about 3x, and revenue grew about 9x. Today, Privy processes close to $25 billion in transaction volume per month. Ramp, Deel, Klarna, Felix, Hyperliquid, and thousands of other businesses are all building embedded banking features on top of Privy. Within Stripe, Privy is being deeply integrated into products such as Treasury, Link, and Connect.

Odaily News: According to on-chain analyst Ember Monitoring, over the past day, a certain whale/institution continued to sell 288.9 BTC, exchanged for 23.48 million USDC, and then bought 9,820 ETH. Over the past 5 days, this whale/institution has cumulatively sold 1,601.1 BTC, exchanged for 132 million USDC, and bought 53,095 ETH at an average purchase price of $2,497.

Odaily reports: According to SoSoValue data, yesterday (October 15, U.S. Eastern Time), U.S. spot ETFs for XRP and ZEC recorded total daily net outflows of $104,500 and $14,763,300 respectively, for a combined net outflow of $14,867,800; spot ETFs for NEAR recorded total daily net inflows of $1,126,000.

On the XRP side, the Franklin XRP ETF (XRPZ) recorded daily net inflows of $3,644,800, with cumulative historical net inflows of $513 million; the Bitwise XRP ETF (XRP) recorded daily net outflows of $3,749,400, with cumulative historical net inflows of $685 million. As of press time, the total net asset value of XRP spot ETFs stands at $1.528 billion, with a net asset ratio of 1.81% and cumulative historical net inflows of $1.803 billion.

On the ZEC side, only the Zcash ETF (ZCSH) recorded net outflows on the day, amounting to $14,763,300, with cumulative historical net inflows of $164 million. As of press time, the total net asset value of ZEC spot ETFs stands at $674 million, with a net asset ratio of 3.21% and cumulative historical net inflows of $164 million.

On the NEAR side, only the Bitwise NEAR ETF (NRR) recorded net inflows on the day, amounting to $1,126,000, with cumulative historical net inflows of $80,440,700 for the fund. As of press time, the total net asset value of NEAR spot ETFs stands at $86,142,500, with a net asset ratio of 1.24% and cumulative historical net inflows of $80,440,700.

Odaily News: According to on-chain analyst Ai Yi's monitoring, a whale that accumulated ETH at the peak of this bull market began building its position in September 2025 at around $4,600, then continued to add to its position as prices declined, withdrawing a total of 15,810 ETH worth $63.85 million at an average price of $4,101.85. Between October 2025 and October 2026, this whale deposited a cumulative total of 15,361.1 ETH worth $49.55 million to exchanges, with deposits made at price levels including $4,478 and $1,910 during this period. The most recent deposit occurred 5 hours ago, bringing the final average deposit price to $3,226.22. If the aforementioned ETH is sold, it would result in a loss of $13.45 million. Currently, 572 ETH remains on-chain.

Odaily News: Spout Finance announced the completion of a $2 million strategic funding round, with participation from Draper Dragon, Anchorage, Flow Traders, Vessel Capital, Solayer, 2Square, and Bering Waters Group, among others, as well as strategic support from Solana Labs. The project's main business is providing Solana-based DeFi lending services, enabling users to borrow stablecoins such as USDC using their tokenized US stocks as collateral, without paying interest.