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Initia posted on platform X that on October 23 at 22:59 (UTC+8), attackers exploited a caching vulnerability in the Initia MoveVM script to bypass security checks, forging MoveVM states to credit themselves with unsupported WETH, iUSD, and USDC, while the total supply of the related tokens remained unchanged; INIT was not minted, and the total supply was unaffected.Before the network was paused, the attackers had transferred out approximately $2.7 million in assets, including 105 WETH transferred via LayerZero and about 1.4 million AUSD0, as well as approximately 1.08 million USDC transferred via Noble and CCTP, which were then exchanged for 1135.52 ETH, currently held at the Ethereum address 0x358ef0130f7a5aa516dcd81bdc80b18cde41cac8. Initia stated that the security fix is expected to be completed and audited within a few days, and asset recovery efforts are being advanced with security partners. L1 and Rollup remain in a paused state, and a complete post-mortem report will be released subsequently.

According to Lookonchain monitoring, the HYPE price has dropped 22% from its peak.Currently, the largest HYPE short address 0xf02d holds 715,334 HYPE short positions, valued at approximately 54.57 million USD, with an unrealized profit of 5.56 million USD. Additionally, it has earned about 620,000 USD through funding rate income.

According to Cointelegraph, approximately 32,380 BTC flowed into exchanges in a single day, worth about 2.6 billion dollars, marking the largest single-day inflow since April of this year.After the last similar peak of Bitcoin inflows, the BTC price peaked within a few weeks. Large-scale inflows into exchanges may indicate increased potential selling pressure, but the transfer of funds does not mean that they have actually been sold, and historical trends do not guarantee that this will happen again.

According to CoinDesk, asset management giant Franklin Templeton recently added approximately 150 million dollars worth of tokenized money market fund shares to the XRP Ledger (XRPL), increasing the total supply of sgBENJI tokens on the network from about 48 million to 193 million.Based on the transaction record of 1.039 dollars per share, the total value is approximately 200 million dollars.

According to the market intelligence platform Liquid247.xyz, Binance's perpetual BTC has about 105.41 buy orders placed at the $81,000 level, with a nominal value of approximately $8.54 million, retracting about 0.01% from the mid-price of around $81,005 at that time.The total near-end market buy orders amount to approximately $53.77 million, while sell orders are about $43.59 million, resulting in a net buy of approximately $10.19 million, accounting for 10.46% of the total depth.

According to on-chain analyst Ai Yi's monitoring, the GPS project's associated address (0x0b3...fee43) received 1.5 million TREAD, worth 1.16 million USD, 9 hours ago. GoPlus is a Web3 security infrastructure, and Treadfi is a trading execution infrastructure; on-chain analyst Ai Yi stated that no public cooperation or contact between the two projects has been found previously, and the intention of this transaction is unclear.

According to EmberCN monitoring, the trader "Salem1299534" liquidated their holdings of 20.06 million AI approximately 2 hours ago, exchanging them for 461 ETH, worth about 1.09 million USD. This sell-off caused the AI price to drop 15% instantly.The trader previously invested about 980,000 USD to buy AI and ultimately sold it for approximately 3.12 million USD, realizing a total profit of about 2.14 million USD.

According to the market intelligence platform Liquid247.xyz, Coinbase's spot BTC has approximately 106.39 sell orders at the $83,000 level, nominally about $8.83 million, which is an increase of about 2.38% from the then mid-price of approximately $81,070. The total near-term sell orders amount to about $33.09 million, while buy orders are about $26.08 million.Currently, Coinbase's spot sell orders net a surplus of about $7.013 million, accounting for 11.85% of the total depth. This sell order is the most prominent resistance in the near term, and if large buy orders appear, it may exert some pressure on the current price.

According to a report by Forbes on Friday, the Internal Revenue Service (IRS) is preparing to reform its voluntary disclosure program, planning to reduce penalties and expedite the processing of tax violation cases, including those involving cryptocurrency.Jarod Koopman, head of the IRS Criminal Investigation Division, stated that the agency aims to launch the revised program before December and to close cases within 120 days after taxpayers complete the required submission process. He noted that the new plan will not establish a separate disclosure channel for digital assets but will apply the same voluntary disclosure procedures to other forms of tax noncompliance. Koopman also mentioned that the penalties under the revised program will be significantly lower than current levels, although he did not provide specific amounts. The IRS is considering allowing taxpayers to settle debts through installment payments or settlement offers.According to Forbes, the current program often takes a year or longer to complete and primarily targets taxpayers who intentionally fail to comply with tax laws and may face criminal prosecution, rather than those who make reporting errors due to negligence. Meanwhile, legislative efforts are advancing another voluntary disclosure program aimed at cryptocurrency taxpayers. Section 502 of the Digital Asset Taxation Certainty Act will establish a correction process with clear penalty standards for past violations, and the bill was passed by the House Ways and Means Committee in September.

The White House announced that Trump further adjusted the scope of tariffs on Canadian products imposed under Section 338 of the Tariff Act of 1930.

OpenAI announced that to prevent AI models from breaching security limits, it has required the most advanced models to be trained in environments where direct access to the live internet is not possible. Previously, an internal research model had gained limited internet access through a network configuration vulnerability, prompting the company to suspend training.After security rectifications, OpenAI resumed training on October 1, but still restricts internet access.

Cboe Clear U.S., a subsidiary of the Chicago Board Options Exchange (CBOE), has received approval from the U.S. Securities and Exchange Commission (SEC) to expand its clearing business scope.

According to anonymous security analyst Spreek, the Initia chain has been hacked, resulting in a large number of tokens being infinitely minted. So far, the hacker has cashed out approximately 2.6 million dollars, and more funds are still being transferred.

According to Bitcoin Magazine, Franklin Templeton, with assets under management of $1.7 trillion, has completed the final regulatory procedure before listing two ETFs that convert stock dividends into Bitcoin.On October 22, the company submitted Form 8-A to the U.S. Securities and Exchange Commission to register shares of the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF for trading on NASDAQ. The prospectus submitted on the same day indicates an effective date of October 27. These two funds were first filed in June of this year, with codes and fees not disclosed at that time.The stock fund code is FBEQ, which tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index. This index holds the 500 largest companies in the U.S. by market capitalization, weighted by free float. As of September 30, it actually held 499 stocks, with a concentration in the information technology sector. The fund's initial allocation is 95% stocks and 5% Bitcoin, with regular or special dividends distributed by companies being used to purchase Bitcoin at the opening of the next trading day after the ex-dividend date, increasing the Bitcoin allocation with each dividend payment.During quarterly rebalancing, any Bitcoin allocation exceeding 5% will be reduced to 4.5%; if the Bitcoin allocation exceeds 20% between two rebalancing periods, it will be brought down to 4.5% within two trading days, with the funds flowing back into stocks. The fund does not directly hold on-chain Bitcoin but gains exposure through Bitcoin exchange-traded products (including its own spot fund), futures and options, or depository receipts, with some achieved through a subsidiary in the Cayman Islands. The FBEQ fee is 0.09%, with no 12b-1 fees, managed by Franklin Advisory Services, and Franklin Templeton Institutional serves as a sub-advisor. The innovation fund employs the same mechanism, tracking the VettaFi US Innovation 100 Bitcoin DRIP Index, with components from the 100 largest non-financial companies listed on NASDAQ.Franklin Templeton had previously filed for a spot Bitcoin ETF in September 2023 and launched it in January 2024 under the code EZBC; in April of this year, it acquired 250 Digital and established an institutional digital asset department, Franklin Crypto. These two DRIP funds extend the strategy to investors who will not purchase Bitcoin on their own.

According to on-chain analyst Yu Jin's monitoring, with today's crude oil prices rising by about 4%, a whale that previously established a long position in crude oil is currently sitting on a profit of approximately 1.9 million dollars.This address previously bottomed out ETH at around 1647 dollars and realized a profit of about 8.99 million dollars after selling. It then turned to open a long position in crude oil, with a total position value of approximately 51.56 million dollars, which includes about 30.78 million dollars in CL long positions and about 20.78 million dollars in BRENTOIL long positions.

JUST announces the official release of the new white paper. As an important ecological document following the brand upgrade, the new white paper systematically outlines the JUST ecological architecture, the positioning and collaborative relationships of the three core product lines, and provides detailed explanations of the updated JST token economics, covering key content such as governance mechanisms and buyback and burn arrangements.The new white paper helps users, developers, and the community to gain a more comprehensive understanding of the upgraded ecological layout, token mechanisms, and long-term development direction, further enhancing ecological transparency and providing a clear reference for subsequent ecological participation and development integration.

According to official news, YZi Labs announced the launch of the first phase of the Atlas Scout program, recruiting four students from Stanford University, Yale University, the University of California, Berkeley, and the University of California, Los Angeles, to participate in early investment projects in the fields of Web3, artificial intelligence (AI), and biotechnology.The program aims to allow outstanding university students to gain early exposure to venture capital, participate in project discovery, preliminary research, due diligence, and investment judgment, and encourage them to organize entrepreneurial communities on campus and explore investment opportunities. YZi Labs will provide a maximum of $1 million in intended investment for related investment opportunities in this program and open its ecosystem network composed of over 300 portfolio companies.YZi Labs stated that many potential entrepreneurs often begin their explorations in laboratories, open-source projects, campus entrepreneurial organizations, and technology communities before entering traditional financing channels, and their peers who learn and work with them usually discover their potential earlier. The Atlas Scout program hopes to leverage students' own campus networks to help these early entrepreneurs obtain capital, mentorship, and industry resources. Eligible entrepreneurial teams will also have the opportunity to connect with YZi Labs' EASY Residency program or further discuss investment collaboration.The Atlas Scout program not only expands financing and resource channels for early entrepreneurs but also allows participating students to accumulate venture capital experience through practical projects, enhancing their project evaluation, founder communication, and investment judgment skills.YZi Labs stated that Scouts can independently carry out campus activities based on their interests, such as organizing technical exchanges, gathering entrepreneurial teams, or discovering potential investment projects, while receiving guidance and ecosystem resource support from YZi Labs in the process. The program aims to establish connections before entrepreneurial projects gain widespread attention, allowing initial ideas on campus to have the opportunity to develop into actual projects, while cultivating a new generation of investors who can identify technological trends and entrepreneurial potential earlier.

AI pharmaceutical company Pathos AI has completed a $237 million Series E financing round, with a post-money valuation of approximately $3 billion. This round was led by Bristol Myers Squibb, with participation from existing investors.Pathos AI plans to use the new funds to expand its Foundry platform, which assists drug development through thousands of AI agents, while advancing its four cancer treatment drugs that are in clinical stages.

Cysic released an update on the cross-chain bridge security incident, stating that it plans to destroy 7.2 million CYS from the foundation's reserves by the end of October to offset the impact caused by unauthorized issuance and to realign the token supply with its token economic model.

According to Onchain Lens monitoring, BlackRock ETF-related wallets transferred 3,215 BTC to Coinbase Prime in the past 2 hours, worth approximately 262.41 million USD, and 38,882 ETH, worth approximately 93.22 million USD, with a total transfer amount of about 355.63 million USD.