1. Popular CEX currencies
Top 10 CEX trading volume and 24-hour price changes:
- BTC: -2.52%
- ETH: -2.79%
- SOL: -5.37%
- BNB: -4.42%
- DOGE: -4.79%
- ZEC: -7.88%
- ZKC: +65.89%
- YB: -24.74%
- PAXG: +2.61%
- UTK: -5.59%
24-hour price increase list (data source: OKX):
- MAGIC: +8.78%
- CSPR: +5.57%
- YB: +5.29%
- NAVX: +2.49%
- VINE: +2.40%
- DOGS: +2.14%
- SAHARA: +2.03%
- METIS: +1.92%
- SD: +1.84%
- PAXG: +1.72%
24-hour cryptocurrency stock price increase list (data source: MyStonks ):
- Mawson Infrastructure Group Inc. Common Stock (MIGI.M): 20.28%
- T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ.M): 8.70%
- ProShares Ultra Gold (UGL.M): 7.34%
- ProShares UltraShort Bitcoin ETF (SBIT.M): 5.94%
- ProShares UltraShort Ether ETF (ETHD.M): 4.89%
- GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF (CONI.M): 4.87%
- Defi Technologies, Inc. (DEFT.M): 4.85%
- Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF (TSLQ.M): 4.84%
- Micron Technology, Inc. (MU.M): 4.79%
- ProShares Ultra Silver (AGQ.M): 4.48%
2. Top 5 popular memes on the chain (data source: GMGN ):
- fraudcoin
- FUKU
- MeowChi
- WANGCAI
- FWIEN
Headlines
Arkham: US government may seize another $2.4 billion worth of Bitcoin from Chen Zhi
According to a post by on-chain analytics platform Arkham, $2.4 billion worth of Bitcoin has recently been transferred from wallets associated with Chen Zhi. This follows the previously disclosed seizure of $14.1 billion worth of Bitcoin. Arkham notes that these Bitcoins are being transferred to unauthorized wallet addresses not mentioned in any court documents, suggesting that the US government may have seized an additional $2.4 billion worth of Bitcoin from Chen Zhi.
Community member @agintender posted that the "liquidity vacuum" phenomenon in the market on October 11 may have been caused by a chain reaction triggered by multi-layer leverage liquidations, rather than an abnormal platform mechanism or liquidity withdrawal.
Their analysis indicates that when a unified account triggers forced liquidation, the system enters a "freeze state," making it impossible to place or cancel orders. Under extreme leverage, the collateral value of both large traders and market makers declines simultaneously, leading to liquidation pressure on both spot and futures positions. Liquidation bots continue to issue market orders based on the mark price, further exacerbating the price slide. When the major market maker's account is forced liquidated and all orders are automatically canceled, the order book temporarily loses support, creating a "liquidity vacuum."
It added that the contract guarantee fund loss for the ATOM transaction alone reached approximately US$150 million on that day, confirming the chain liquidation effect of this extreme market.
Jefferies: U.S. Treasury yields have limited room to fall
Jefferies Global Economist Mohit Kumar stated in a report that the 10-year U.S. Treasury yield has limited room to fall further from its current level. Jefferies believes that German government bonds offer higher return potential and prefers an underweight position in U.S. Treasuries. Kumar noted, "We continue to believe that a significant rebound in U.S. Treasuries is unlikely from current levels."
Industry News
Solana leads all chains with a 24-hour DEX trading volume of $6.16 billion
Solana ranked first among public chains with a 24-hour decentralized exchange (DEX) trading volume of $6.16 billion, surpassing Ethereum and other major blockchains. (Cointelegraph)
Messari analysts published a post on the X platform stating that the total amount of funds raised by newly established funds in the third quarter of 2025 increased by 48% month-on-month to US$2.31 billion. This includes:
- Sora Ventures launches $1 billion Bitcoin treasury fund;
- 50 T Funds launches $500 million late-stage fund;
- Ondo Finance launches $250 million Ondo Catalyst Fund.
Official data from Bitwise shows that the asset management scale of its staking-type Solana exchange-traded product Bitwise Solana Staking ETP has exceeded US$100 million (currently US$106.29 million), and the asset management scale of its staking-type Ethereum exchange-traded product Bitwise Ethereum Staking ETP has exceeded US$300 million (currently US$311.41 million).
In addition, Bitwise also announced the launch of the new staking-based TIA exchange-traded product, Bitwise Celestia Staking ETP (TIAB), which is currently listed on Euronext Paris.
The crypto sector generally fell, but the AI sector rose against the trend for two consecutive days
On October 16th, according to SoSoValue data, while all sectors of the crypto market generally declined, the AI sector bucked the trend, rising for two consecutive days, with a 24-hour gain of 4.51%. Within the sector, ChainOpera AI (COAI) surged another 56.47%, following yesterday's surge of over 25%. Meanwhile, Bitcoin (BTC) fell 1.29%, falling below $112,000. Meanwhile, Ethereum (ETH) dropped 2.60%, dropping to around $4,100.
In other sectors, the CeFi sector fell 1.99% in 24 hours. Within the sector, FTX (FTT) rose against the trend by 9.79%; the Layer 1 sector fell 2.57%, among which TRON (TRX) was relatively strong, rising 0.95%; the PayFi sector fell 2.69%, but Dash (DASH) rose 3.83%; the Meme sector fell 3.15%, and MemeCore (M) climbed 1.61% during the session; the DeFi sector fell 3.89%, and PancakeSwap (CAKE) fell 10.07%; the Layer 2 sector fell 4.74%, and within the sector, Mantle (MNT) and Zora (ZORA) fell 5.91% and 8.51% respectively.
The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiAI, ssiGameFi, and ssiLayer 2 indices fell by 5.00%, 4.86%, and 4.78%, respectively.
Project News
Aster's first phase airdrop claim will end in 1 day
Aster stated in a post on the X platform that its first phase of airdrop claims will end at 9:00 UTC on October 17, and users must claim their token allocation before then.
According to community member @satoshiheist, Lighter CEO @vnovakovski revealed several key details in an AMA held nine hours ago. The spot market is expected to launch in late October or early November, with the initial trading pairs including mainstream cryptocurrencies like BTC and ETH, and transaction fees expected to be lower than those of competitors.
He stated that Lighter will be built as a Layer 2-like ecosystem, facilitating integration with mainstream DeFi applications like AAVE. Regarding airdrops, the community will receive a total of 50%, with 25%-30% allocated to Season 1 and Season 2. This percentage will be distributed directly to point holders during the TGE. Season 2 point accrual activities will continue until the eve of the TGE. Regarding the Sybil issue, officials have confirmed that previously earned points for violators will not be reclaimed, but subsequent points will be reset to zero.
OpenSea: Wave 1 rewards have been distributed
OpenSea announced on the X platform that Wave 1 has been released. Users can go to the official website to unlock the treasure chest to view the rewards.
According to previous news, the total value of rewards for Wave 1, the last reward event before OpenSea TGE, reached US$12.2 million, and Wave 2 was launched on October 15.
Meteora: MET airdrop distribution checker is now online
Solana ecosystem liquidity protocol Meteora announced the official launch of the MET airdrop allocation checker. Users can use the website to:
1. Select the NFT that participates in the liquidity distribution (accounting for 7%, first come first served);
2. View the complete allocation details of each element;
3. Browse the TGE launch website and related introduction videos.
Investment and Financing
Core Scientific board urges shareholders to support CoreWeave acquisition proposal
The board of directors of crypto mining company Core Scientific called on shareholders on Wednesday to vote in favor of its proposed acquisition by CoreWeave, believing that the transaction would bring multiple strategic and financial benefits to the company.
In July of this year, CoreWeave announced its proposed all-stock acquisition of Core Scientific, valuing the company at approximately $9 billion, or $20.40 per share. Despite opposition from its largest shareholder, Two Seas Capital, Core Scientific's board of directors emphasized in its investor presentation that it had "unanimously determined" the transaction was the best option for all shareholders. The company stated that the combined entity would achieve significant cost savings and business synergies, help mitigate growth risks, and unlock upside potential for shareholders. (Reuters)
Bloomberg: Ripple Labs plans to lead $1 billion investment to build XRP reserve strategy
Ripple Labs is leading a fundraising effort through a special purpose acquisition company (the name of which has not yet been disclosed) to raise at least $1 billion to accumulate its associated digital token, XRP. The funds will be invested in a newly established digital asset reserve, with Ripple Labs also contributing some of its own XRP. (Bloomberg)
Regulatory trends
Florida lawmakers have opened the 2026 legislative session with a proposal to add Bitcoin to the state’s asset allocation. House Bill 183, submitted to the Florida House of Representatives, would allow the state’s chief financial officer to invest up to 10% of designated public funds (including the general revenue fund, the budget stabilization fund, and various trust funds) in “digital assets” and exchange-traded products.
The bill reportedly defines digital assets as including Bitcoin, tokenized securities, and NFTs, and sets strict custody requirements: assets can be held by the chief financial officer, a qualified custodian, or an SEC-registered ETF. The bill cites the White House's March 2025 executive order establishing a federal "Strategic Bitcoin Reserve" as policy context, positioning Bitcoin as a potential store of value and inflation hedge for state finances. It is scheduled to take effect on July 1, 2026. (The Block)
In April of this year, stablecoin issuer Tether froze $44.7 million in USDT at the request of Bulgarian police. Now, Texas-based Riverstone Consulting has filed a lawsuit, accusing Tether of illegally freezing its tokens and causing it to miss out on significant investment opportunities.
According to a complaint filed in the Southern District Court of New York, Tether froze assets in eight offline wallets controlled by Riverstone on April 4th. The company claims that Tether's freezing of assets based solely on a request from the Bulgarian local police was "procedurally flawed" and failed to follow the formal procedures required by the Bulgarian Treaty on International Mutual Legal Assistance, which requires the exchange of filings through central authorities and foreign affairs liaison channels. The complaint alleges that when Riverstone contacted Tether, it was told to communicate directly with the Bulgarian police, who never responded.
Currently, the circulation of Tether stablecoins exceeds $180 billion. As of September 15, it has cooperated with global law enforcement agencies to freeze $3.2 billion in USDT. (dlnews)
Character Voice
CZ: Coinbase should list more BNB Chain projects
CZ called on Coinbase to list more BNB Chain projects, noting that Binance has listed multiple Base projects, while Coinbase has not yet listed any BNB Chain projects. He believes that BNB Chain is a more active chain and said that this is a suggestion that will benefit all exchanges.
Billionaire Tim Draper: Bitcoin will reach $250,000 within a year
Billionaire Tim Draper said Bitcoin will reach $250,000 within a year and said that "the dollar will eventually disappear."
Delphi Digital: BTC Top Signal Dashboard Has Not Yet Issued a Cycle Top Signal
Delphi Digital stated in a post on the X platform that its BTC Top Signal Dashboard has not yet issued a cycle top signal. Over the past decade, the indicator has exceeded 70 during every major BTC top, and the current signal reading is 53.3.
- 核心观点：加密市场普跌，AI板块逆势上涨。
- 关键要素：
- 主流币种24小时普遍下跌超2%。
- AI板块连续两日逆势涨4.51%。
- 美国政府可能再扣押24亿美元比特币。
- 市场影响：短期市场情绪承压，资金流向分化。
- 时效性标注：短期影响
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