1. Popular CEX Cryptocurrencies

CEX Trading Volume Top 10 and 24-Hour Price Change:

• BTC: +4.98%
• ETH: +11.83%
• BNB: +17.09%
• SOL: +13.38%
• DOGE: +13.38%
• XRP: +8.71%
• PEPE: +13.01%
• DASH: +40.80%
• LTC: +6.82%
• ASTER: +26.33%

24-Hour Price Increase Ranking (Data Source: OKX):

• SNX: +43.42%
• VINE: +29.95%
• API3: +20.58%
• GEAR: +14.88%
• ASP: +13.50%
• NC: +13.43%
• HUMA: +12.48%
• WLFI: +9.84%
• BERA: +9.34%
• CFG: +8.83%

24-Hour Cryptocurrency Stock Price Increase Ranking (Data Source: MyStonks):

• ProShares UltraShort Ether ETF (ETHD.M): +23.4%
• GraniteShares ETF Trust GraniteShares 2 x Short COIN Daily ETF (CONI.M): +20.68%
• Direxion Daily FTSE China Bear 3 X Shares (YANG.M): +20.66%
• ASP Isotopes Inc. Common Stock (ASPI.M): +17.74%
• Direxion Daily Semiconductor Bear 3 X Shares (SOXS.M): +16.91%
• T-Rex 2 X Inverse MSTR Daily Target ETF (MSTZ.M): +13.28%
• Investment Managers Series Trust II Tradr 2 X Short TSLA Daily ETF (TSLQ.M): +13.08%
• ProShares UltraShort Bitcoin ETF (SBIT.M): +13.02%
• Applied Digital Corporation Common Stock (APLD.M): +11.78%
• MP Materials Corp. (MP.M): +11.55%

1. On-Chain Popular Meme Top 5 (Data Source: GMGN):

• !!!
• LILPEPE
• Fox King
• USELESS
• Tariff USA

Headlines

Binance: Will Compensate Users Affected by the Price Decoupling Events of USDE, BNSOL, and WBETH

Binance has completed a comprehensive review of the price decoupling events of USDE, BNSOL, and WBETH, and will compensate all affected contract, leverage, and borrowing users within 72 hours. Compensation will be automatically credited to the relevant user accounts.

Compensation Plan:

All affected contract, leverage, and borrowing users who held USDE, BNSOL, and WBETH as collateral and were impacted by the decoupling between 05:36 and 06:16 (UTC+8) on October 11, 2025, will receive a differential compensation. The specific amount will be calculated based on the difference between the market price at 08:00 (UTC+8) on October 11, 2025, and the liquidation price.

If your situation is not covered above, you can directly contact Binance customer service for manual assistance, obtain the form link to submit your application, and we will handle it on a case-by-case basis.

High-Profile Bitcoin Ancient Whale Shorted 1,423 BTC Again After Switching to ETH

According to MLM monitoring, a high-profile ancient Bitcoin whale that switched to ETH has shorted 1,423 BTC again, worth approximately $161 million.

Eugene: The Altcoin Market Has Ended, Say Goodbye to Crypto Treasury Companies

Famous trader Eugene Ng Ah Sio posted on his personal channel: "Regarding Friday's event, many profound analyses have emerged. I will briefly mention a few points: 1) The altcoin market has ended for the foreseeable future. The scale of wealth destruction this time, and the way it was executed, will leave a long-lasting imprint on participants' minds. 2) Long-short strategies are not feasible in the crypto market. These strategies may work in normal market conditions but often fail at critical moments. 3) Contagion will occur, but the extent is yet to be determined. I hope there are no systemic major issues. 4) Goodbye, crypto treasury companies."

Analyst: Altcoins That Did Not Crash Yesterday Should Be Cautious When Opening Positions, May Be Due to High Control or Market Maker Deep Involvement

On-chain analyst Ai Yi posted on X reviewing the "10.11 Crash," stating: Altcoins that did not crash yesterday should be cautious when opening positions, as they may involve high control or deep market maker participation. Projects that withstood the test yesterday can be paid more attention to; extreme market conditions are the best test stone. DWF Labs founder publicly praised their project Falcon Finance, which has already taken 2.32 million FF.

Industry News

USDe Market Cap Falls Below $12.7 Billion, Over $2 Billion Decrease This Week

Coingecko data shows that the market cap of the stablecoin USDe issued by Ethena Labs has dropped from about $13.5 billion yesterday to below $12.7 billion, currently reported at $12,660,245,970, a decrease of over $2.16 billion from about $14.82 billion a week ago.

Previously, USDe severely decoupled from the US dollar during the cryptocurrency crash on October 11, dropping to as low as $0.62 on some decentralized exchanges, with a decoupling extent of up to 38%. The price has now recovered to the $1 range.

BitMine Suspected to Have Purchased Approximately 128,718 ETH After Market Crash, Worth $480 Million

Lookonchain monitoring indicates that BitMine seems to have purchased 128,718 ETH (approximately $480 million) after the market crash. Six new wallets (possibly belonging to BitMine) withdrew 128,718 ETH (approximately $480 million) from FalconX and Kraken.

Grayscale Submits SEC Form 10 for TAO Trust, Private Placement Holding Period Will Be Reduced to 6 Months

Grayscale has announced that it has submitted Form 10 for the Grayscale Bittensor Trust (TAO), which is the first step to becoming an SEC reporting company, aimed at increasing its accessibility, transparency, and regulatory status. This move means that Grayscale will seek to publicly quote TAO trust shares in the over-the-counter market, and the private placement's 12-month holding period will be reduced to 6 months. The trust is one step closer to becoming an ETP.

Polymarket: Market Bets on U.S. Government Shutdown Lasting Until After October 15, Probability Rises to 95%

According to the latest data from Polymarket, in the prediction contracts related to "When Will the U.S. Government Shutdown End," the option "October 15 or later" has risen to a 95% probability, while the probability of "Ending Between October 10 and 14" is only 5%.

The total transaction volume for this event has exceeded $6.2 million, with approximately $2.4 million in contracts for "October 15 or later."

Project News

Lighter Announces Compensation for LLP Holders

Decentralized contract exchange Lighter posted on X stating that LLP experienced a tough day in the past 24 hours, with a return rate of -5.35%. Detailed analysis will be released tomorrow, including a compensation plan for LLP holders.

Meteora Head: TGE Date Will Not Be Adjusted Due to Market Changes, Still Scheduled for October 23

Meteora head Soju posted on X stating that the TGE date will not be postponed due to market changes and is still scheduled for October 23.

Four.Meme: Platform is Experiencing Significant Traffic Impact, May Encounter Slow Loading Issues

Four.Meme posted on X stating that the platform is experiencing significant traffic impact, which may lead to slow loading for some users or other service access issues. The technical team is currently addressing this matter and is working to resolve the issue as soon as possible.

Ethena Labs Founder: USDe Pegged to USDT is Reasonable, Minting and Redemption Did Not Crash During Market Turmoil

Ethena Labs founder Guy Young posted on X stating: The oracle attempts to identify two different scenarios, one where secondary market prices are temporarily misaligned, and the other where collateral experiences permanent devaluation, which has never occurred with USDe. The likelihood of such phenomena occurring for most assets, including USDe, is much lower. Although the DeFi money market has faced criticism for USDe being pegged to USDT, it is indeed considered reasonable as it can avoid liquidations caused by temporary price imbalances.

Ethena provides on-demand proof of reserves to a few entities, some of which are also oracle providers, including Chaos Labs and Chainlink. During this week's market turmoil, Ethena's minting and redemption functions did not crash. Major liquidity venues such as Curve, Uniswap, and Fluid experienced price misalignments, with over $9 billion in on-demand stablecoin collateral available for immediate redemption, but actual usage was only a small fraction.

Investment and Financing

Jiko, a Settlement and Payment Platform Based on U.S. Treasury Bonds, Receives Strategic Investment from Coinbase and Blockstream

Jiko, a settlement and payment platform based on U.S. Treasury bonds, announced that it has received strategic investment support from Coinbase and Blockstream Capital Partners. In addition to this investment, Jiko has also established new strategic partnerships with Crypto.com, Blockstream Capital Partners, Bitso, and Coinbase. These strategic partners will work with other institutions that adopt Jiko as a banking partner to utilize its U.S. bond-based model for storage, settlement, and payment.

Regulatory Trends

Indian Tax Authorities Investigating Over 400 Binance Trading Users for Tax Evasion

Indian tax authorities are investigating over 400 high-net-worth Binance trading users suspected of tax evasion during the 2022-23 and 2024-25 fiscal years. The Indian Central Board of Direct Taxes has requested that city departments report relevant actions by October 17.

Cryptocurrency trading users in India are required to pay a 1% withholding tax on each cryptocurrency transfer (counted towards the final bill), in addition to a 30% profit tax and other surcharges, with the maximum tax rate reaching approximately 42.7%.

Voices

Economist: Strategy's Bitcoin Paper Gains Have a Chance of "Vanishing"

Economist and cryptocurrency critic Peter Schiff posted on X stating: "The cryptocurrency market massacre continues, with Bitcoin prices falling below $110,000 and Ethereum prices dropping below $3,700. If Ethereum further falls below the key support level of $3,350, its price could likely drop to $1,500, nearly a 70% decline from its historical high. If this happens, Bitcoin prices could fall to around $75,000, a 40% drop from its peak, and all of Strategy's paper gains would vanish."

Trader Vivek Raman: Still Optimistic About the Crypto Market After Leverage Crash, ETH Remains an Institutional Store of Value Like BTC

Former Wall Street high-yield credit trader Vivek Raman posted on X stating: "Despite the severe leverage washout exceeding all previous crashes, I still believe we are currently in a cryptocurrency revival. ETH remains an institutional store of value just like BTC. The Ethereum economy (L1, L2, applications) continues to operate seamlessly, and ETH prices will still reach $10,000 or even higher."

He Yi Responds to Binance Customer Service Claiming "Altcoin Value Was Originally 0": Very Sorry for the Confusion

In response to Binance customer service's previous communication with community users stating "altcoin value was originally 0," Binance co-founder He Yi posted on X stating: "Customer service in training also came on the line, and there were other country customer service representatives using translation. I am very sorry for the confusion caused by customer service."

Du Jun: Has Started Accumulating ETH Spot in Batches in the $3,800 Range

Vernal Capital founder and former New Huo Technology CEO Du Jun posted on X stating: "I have started to accumulate ETH (spot) in batches in the $3,800 range. The overall market direction remains unclear, and the key is the performance of U.S. stocks on Monday. I recommend testing with light positions."

Rich Dad Poor Dad Author: Now Believes Ethereum and Silver Are the Best

Robert Kiyosaki, author of Rich Dad Poor Dad, posted on X stating: "The biggest economic crisis in history may be coming, and this crisis may occur this year. The retirement lives of many baby boomers will be completely destroyed, and many baby boomers will be homeless or living in their children's basements. I have been reminding people to invest in physical assets and explaining that 'savers are losers' because inflation turns savings into trash. Over the past few years, I have believed that gold, silver, and Bitcoin are worth storing, and I have recently added Ethereum to this portfolio. Now, I believe silver and Ethereum are the best because they are stores of value and their prices are not high. Whether you are a hater or lover of silver and Ethereum, I recommend studying the pros and cons and practicality of silver and Ethereum, then invest with your own financial wisdom while remaining cautious."

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