- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volumes 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 Rankings (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 Rankings (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%
- On-Chain Popular Meme Top 5 (Data Source: GMGN):
- fraudcoin
- FUKU
- MeowChi
- WANGCAI
- FWIEN
Headlines
Arkham: The U.S. Government May Seize $2.4 Billion in Bitcoin from Chen Zhi
According to on-chain analysis platform Arkham, Bitcoin worth $2.4 billion associated with Chen Zhi's wallet has recently been transferred again, following the previous disclosure of the seizure of Bitcoin worth $14.1 billion. Arkham pointed out that these Bitcoins are currently being transferred to unapproved wallet addresses not mentioned in any court documents, indicating that the U.S. government may have additionally seized $2.4 billion in Bitcoin from Chen Zhi.
Community member @agintender stated that the market experienced a "liquidity vacuum" phenomenon on October 11, which may have originated from a chain reaction caused by multi-layer leverage liquidations, rather than platform mechanism anomalies or liquidity being withdrawn.
His analysis pointed out that when a unified account triggers forced liquidation, the system enters a "stiff state," unable to place or cancel orders; under extreme leverage usage, the collateral value of large holders and market makers declines simultaneously, leading to liquidation pressure on both spot and contract positions. Liquidation bots continuously execute market orders based on marked prices, further exacerbating price declines. When the main market maker's account is forcibly liquidated and all orders are automatically canceled, the order book briefly loses support, creating a "liquidity vacuum."
He added that the contract guarantee fund for the ATOM trading pair alone suffered a loss of approximately $150 million that day, confirming the chain liquidation effect of this extreme market situation.
Jefferies: Limited Downside for U.S. Treasury Yields
Jefferies global economist Mohit Kumar stated in a report that the room for further decline in the U.S. 10-year Treasury yield from current levels is limited. Jefferies believes that the return potential of German bonds is higher, and therefore prefers a lower allocation in U.S. Treasuries. Kumar noted, "We still believe that a significant rebound in U.S. Treasuries is unlikely from current levels." (Jin Shi)
Industry News
Solana Ranks First Among All Chains with $6.16 Billion in 24-Hour DEX Trading Volume
Solana ranks first among all public chains with a 24-hour decentralized exchange (DEX) trading volume of $6.16 billion, surpassing Ethereum and other major blockchains. (Cointelegraph)
Messari analysts stated on the X platform that the total fundraising for newly established funds in Q3 2025 increased by 48% quarter-over-quarter, reaching $2.31 billion. This includes:
- Sora Ventures launching a $1 billion Bitcoin treasury fund;
- 50 T Funds launching a $500 million late-stage fund;
- Ondo Finance launching a $250 million Ondo Catalyst fund.
Bitwise's official data shows that its staking-based Solana exchange-traded product, Bitwise Solana Staking ETP, has surpassed $100 million in assets under management (currently at $106.29 million), while its staking-based Ethereum exchange-traded product, Bitwise Ethereum Staking ETP, has exceeded $300 million (currently at $311.41 million).
Additionally, Bitwise announced the launch of a new staking-based TIA exchange-traded product, Bitwise Celestia Staking ETP (TIAB), which is now listed on Euronext Paris.
Crypto Sector Generally Declines, but AI Sector Rises Against the Trend for Two Consecutive Days
On October 16, according to SoSoValue data, the crypto market sectors generally declined, but the AI sector rose against the trend for two consecutive days, with a 24-hour increase of 4.51%. Within the sector, ChainOpera AI (COAI) surged again by 56.47% after rising over 25% the previous day. Meanwhile, Bitcoin (BTC) fell 1.29%, dropping below $112,000. Ethereum (ETH) decreased by 2.60%, falling to around $4,100.
In other sectors, the CeFi sector fell 1.99% in 24 hours, with FTX (FTT) rising 9.79%; the Layer 1 sector declined 2.57%, with TRON (TRX) remaining relatively strong, increasing by 0.95%; the PayFi sector dropped 2.69%, but Dash (DASH) rose 3.83%; the Meme sector fell 3.15%, with MemeCore (M) climbing 1.61% during the day; the DeFi sector decreased by 3.89%, with PancakeSwap (CAKE) dropping 10.07%; the Layer 2 sector fell 4.74%, with Mantle (MNT) and Zora (ZORA) declining by 5.91% and 8.51%, respectively.
The crypto sector index reflecting historical market trends 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 announced on the X platform that its first phase airdrop claim will end at 9:00 UTC on October 17, and users must claim their token allocation before this time.
According to community member @satoshiheist, Lighter CEO @vnovakovski revealed several key pieces of information during an AMA held 9 hours ago. The spot market is expected to launch at the end of October or early November, with the first trading pairs including mainstream cryptocurrencies like BTC and ETH, and transaction fees will be lower than competitors.
He stated that Lighter will be built as a Layer 2-like ecological positioning, facilitating the integration of mainstream DeFi applications such as AAVE. Regarding the airdrop, the total community allocation is 50%, with 25%-30% distributed in the first and second quarters, meaning this proportion will be directly issued to point holders during the TGE phase. The second quarter point activity will continue until the eve of the TGE. Regarding the witch issue, the official confirmed that points previously obtained by violators will not be reclaimed, but subsequent points will be reset to zero.
OpenSea: Wave 1 Phase Rewards Have Been Distributed
OpenSea announced on the X platform that the Wave 1 phase has been distributed, and users can visit the official site to unlock treasure chests and view their rewards.
Previously, it was reported that the total value of the Wave 1 phase rewards before the OpenSea TGE reached $12.2 million, and the Wave 2 phase went live on October 15.
Meteora: MET Airdrop Distribution Checker is Now Live
Solana ecosystem liquidity protocol Meteora announced that the MET airdrop distribution checker is officially live. Users can use the website to:
- Select participating liquidity distributor NFTs (7% allocation, first come first served);
- View the complete distribution details of each element;
- Browse the TGE launch website and related introduction videos.
Investment and Financing
Core Scientific Board Urges Shareholders to Support CoreWeave Acquisition Proposal
Cryptocurrency mining company Core Scientific's board called on shareholders on Wednesday to vote in favor of its acquisition proposal by CoreWeave, believing that the deal will bring multiple strategic and financial benefits to the company.
CoreWeave announced in July this year its intention to acquire Core Scientific through an all-stock transaction, valuing the deal at approximately $9 billion, corresponding to a price of $20.4 per share. Despite opposition from the largest shareholder, Two Seas Capital, the Core Scientific board emphasized in investor presentation materials that it has "unanimously determined" that the transaction is the best choice for all shareholders. The company stated that the merged entity would achieve significant cost savings and business synergies, helping to reduce growth risks and unlock shareholder upside potential. (Reuters)
Bloomberg: Ripple Labs Plans to Lead $1 Billion Funding to Build XRP Reserve Strategy
Ripple Labs is leading efforts to raise at least $1 billion through a special purpose acquisition company (specific name not yet disclosed) to accumulate its associated digital token XRP. The funds raised will be injected into a newly established digital asset reserve, and Ripple Labs will also contribute some of its own XRP. (Bloomberg)
Regulatory Trends
Florida lawmakers have opened the 2026 legislative session and proposed adding 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 funds from designated public funds (including general revenue funds, budget stabilization funds, and various trust funds) in "digital assets" and exchange-traded products.
The bill defines digital assets to include Bitcoin, tokenized securities, and NFTs, and sets strict custody requirements: assets can be held by the Chief Financial Officer, qualified custodians, or ETFs registered with the SEC. The bill cites the March 2025 executive order establishing a federal "strategic Bitcoin reserve" as a policy background, positioning Bitcoin as a potential store of value and inflation hedge for state finances, with an effective date set for July 1, 2026. (The Block)
In April of this year, stablecoin issuer Tether froze $44.7 million USDT at the request of Bulgarian police. Now, Texas-based Riverstone Consulting has officially filed a lawsuit, accusing Tether of illegally freezing its tokens and causing it to miss significant investment opportunities.
According to the lawsuit submitted to the Southern District of New York, Tether froze the assets of eight offline wallets controlled by Riverstone on April 4. The company claims that Tether's decision to freeze assets solely based on a request from the Bulgarian local police "has procedural flaws" and did not follow the formal process stipulated by the "Bulgarian International Judicial Assistance Treaty," which requires that information be exchanged through central authorities and foreign liaison channels. The lawsuit states that when Riverstone contacted Tether, they were told to communicate directly with the Bulgarian police, who never responded.
Currently, Tether's stablecoin circulation exceeds $180 billion, and as of September 15, it has cooperated with global law enforcement to freeze $3.2 billion USDT. (DL News)
Voices
CZ: Coinbase Should List More BNB Chain Projects
CZ called on Coinbase to list more BNB Chain projects, pointing out that Binance has launched several Base projects, while Coinbase has not listed any BNB Chain projects. He believes that BNB Chain is a more active chain and stated that this is a suggestion that would benefit both exchanges.
Billionaire Tim Draper: Bitcoin Will Reach $250,000 Within a Year
Billionaire Tim Draper stated that Bitcoin will reach $250,000 within a year, claiming that "the dollar will eventually disappear."
Delphi Digital: BTC Top Signal Dashboard Has Not Yet Issued a Cycle Top Signal
Delphi Digital stated on the X platform that its BTC Top Signal Dashboard has not yet issued a cycle top signal. Over the past decade, every time a major top for BTC has occurred, the indicator reading has exceeded 70, and the current signal reading is 53.3.
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