x

The Russian government announced the partial lifting of the diesel export ban after an agreement was reached between Trump and Putin.

Bitcoin News posted on platform X that one year ago today, Bitcoin had just reached a historic high of $126,000, and Standard Chartered at that time expected it to reach $200,000. However, October 10 became the largest day for liquidation in the history of the cryptocurrency industry, with a liquidation amount exceeding $19 billion.

According to the Iranian Tasnim News Agency, the public relations department of the Iranian Revolutionary Guard Navy stated that a violative supertanker carrying crude oil attempted to leave through a non-designated route in the Strait of Hormuz and struck a mine, resulting in an explosion.The statement warned that any violative tanker that ignores safety regulations will face the consequences of a fierce fire.

According to official website information, the fully on-chain synthetic perpetual trading platform Papertrade deployed on HyperEVM went live for 1 hour, with a cumulative nominal trading volume exceeding 80 billion USD. Data shows that the cumulative trading losses of platform users reached 4.73 million USD.According to official documentation, the issuance model of the Papertrade token PAPER is such that for every 1 USD lost by platform users, the protocol mints a certain amount of PAPER according to a curve. When the LP balance is below 2 million USD, the minting ratio is fixed at 100 PAPER for every 1 USD lost; currently, due to the LP scale exceeding 2 million USD, PAPER emissions have entered a decay mode.Papertrade reads prices from the Hyperliquid order book BBO mid-price, with users directly trading against the protocol LP as the counterparty, rather than through traditional order book matching. The protocol supports high leverage, zero slippage, and no funding rates.

According to Hupzy, the current net exposure of hedge funds to the "Magnificent 7" in the U.S. stock market has risen to 22%, a record high, surpassing the peak of 21% on June 2024, and increasing by 7 percentage points since July of this year. In comparison, at the bottom of the bear market in 2022, this indicator was only 8%.The record-long positions reflect strong confidence from institutions in technology stocks, but it also means that trading may be overly crowded and does not necessarily indicate that the market will continue to rise. If the relevant investment logic changes, large-scale liquidations could trigger a sharp reversal and directly impact the perpetual contract market for the S&P 500 index; a decline in risk appetite may also further pressure Bitcoin.Additionally, the net exposure of hedge funds in the semiconductor sector is currently at 12%, slightly below the peak of 14% in June 2024, but significantly up from 2% at the beginning of 2025. Over the past three months, the increase in hedge fund exposure to the Magnificent 7 has been the largest since 2023.

Tom Lee, the chairman of the Ethereum treasury company Bitmine, stated in an interview that Ethereum is expected to rise to between $25,000 and $50,000 in this cycle. He believes that ETH has been oscillating in a similar range for the past five years, and continued bottoming may lay the foundation for a larger breakthrough later.Tom Lee also predicts that the price of ETH will exceed $5,000 by the end of the year, noting that if Bitcoin rises above $100,000, ETH is expected to reach around $7,500. However, market prediction data shows that traders currently believe there is only a 4% chance that ETH will rise to $5,000 by the end of 2026.

According to Decrypt, the French National Assembly's Finance Committee passed two cryptocurrency tax amendments this week: starting from January 1, 2027, exchanges of stablecoins regulated by MiCA will be considered taxable sales; and a departure tax will be imposed on tax households relocating overseas with a total value of cryptocurrency assets exceeding 800,000 euros.The committee rejected the budget revenue portion with a vote of 31 to 3, and the full National Assembly will review the original text from the government. The aforementioned amendments will not be automatically included; supporters must reintroduce them during the debate starting on October 13, with a formal vote scheduled for October 20.The related measures have not yet become law. The stablecoin amendment was proposed by left-wing GDR party member Nicolas Sansu and 16 co-signers, applicable to electronic money tokens as defined by MiCA. The amendment does not set a new tax rate but aims to include the related revenue under France's existing unified tax system of 31.4%.The committee also passed an amendment proposed by Daniel Labaronne, allowing investors to carry forward cryptocurrency asset losses for 10 years to offset future gains. The proposed departure tax applies to taxpayers who have been French tax residents for at least 6 of the past 10 years and whose cryptocurrency assets, including custodial assets, have a total value exceeding 800,000 euros.

According to Catcher Predict monitoring, in the market prediction event on Polymarket "Dota 2: Team Yandex vs Team Spirit - BLAST Slam Playoffs," the "Over" option in the sub-market "O/U 2.5 games" has experienced a sharp fluctuation in win rate, plummeting from 45.5% an hour ago to the current 22% (a fluctuation of 23.5%). Please note the impact of relevant breaking news.

According to Arkham monitoring, about 4 hours ago, a certain whale withdrew 440,249 WLD from Bybit through a newly created wallet, worth nearly $250,000.This address had purchased ETH through multiple transactions a week ago, with a total investment of over $1 million.

According to a report by the Korean News Agency, the Chairman of the Financial Services Commission, Lee Ik-yeon, stated that the provisions regarding the shareholding restrictions for major shareholders of virtual asset exchanges in the ongoing "Digital Asset Basic Law" are not influenced by specific individuals, but rather consider the need for exchanges to bear higher public responsibilities after institutionalization.Lee Ik-yeon mentioned during the National Assembly's Political Affairs Committee Financial Committee's national governance inspection that currently, South Korean virtual asset exchanges operate under a system of updating declarations every three years. However, after the implementation of the "Digital Asset Basic Law," exchanges will transition to a licensed institutional operation model. He noted that exchanges have infrastructure attributes, thus requiring public nature and responsibility that match their status.Previously, South Korean lawmakers questioned why the original proposal from the Financial Services Commission did not include shareholding restrictions for major shareholders, whether the relevant provisions were influenced by external factors, and pointed out that if enforced, major shareholders and potential acquirers of South Korean exchanges might need to sell shares worth trillions of Korean won.In response, Lee Ik-yeon stated that the government is currently drafting relevant legislation, and the specific content of the shareholding restrictions can be further coordinated during the National Assembly review process, emphasizing that all opinions will be fully reflected in the design. He also mentioned that the government proposal for the "Digital Asset Basic Law" is undergoing final coordination and will be submitted as soon as possible, although no specific timeline has been announced.

According to cryptocurrency analyst alicharts, during the current Bitcoin pullback, the whale group has adopted an accumulation strategy for mainstream cryptocurrencies.In the past 72 hours, the whale group has accumulated approximately 15,000 Bitcoins, over 166,000 ETH, and 45 million XRP.

According to monitoring data from Arkham, Wall Street financial giant Morgan Stanley has increased its holdings by approximately 91.685 Bitcoins through its spot Bitcoin exchange-traded fund MSBT two days ago. As of now, its total Bitcoin holdings have risen to 10,639 coins, currently valued at about 880 million dollars.

Strive's issued SATA preferred stock is expected to raise approximately 55 million dollars in the week ending October 5, which is enough to purchase about 638 bitcoins at a price of approximately 82,800 dollars per bitcoin. The total trading volume of SATA for that week is about 317 million dollars.The trading price of SATA was above the par value of 100 dollars for most of Monday and Tuesday, but fell below par value from Wednesday to Friday, leading to an expected pause in the issuance activity. The 8-K filing submitted by Strive and Strategy on Monday will confirm the actual number of bitcoins purchased with the related funds. As of October 2, Strive held 29,462 bitcoins, having purchased 2,000 between September 28 and October 2 at an average price of approximately 84,422 dollars. Strategy did not sell any STRC between September 28 and October 4, only acquiring 334 bitcoins through the sale of MSTR common stock.

HyperEVM perpetual contract exchange Papertrade is scheduled to open trading at 10 AM Eastern Time on October 10. According to DefiLlama data, it has accumulated approximately $85.3 million in deposits before its launch. The platform supports up to 1000x leverage, and traders do not match with counterparties but trade directly with the protocol's own liquidity pool. Papertrade stated in the announcement that website trading will start after the HyperEVM upgrade is completed, and deposits will be paused at 9:45 AM to prioritize trading; users need to deposit in advance to participate in the launch.The contracts on Papertrade use the midpoint of Hyperliquid's optimal buy and sell prices as the opening and closing price, with positions being synthetic trades against its liquidity pool, and there are no corresponding perpetual contracts on Hyperliquid. This design eliminates funding rates and reduces profits from closing positions through asymmetric impact discounts instead of charging fees based on position size. When the liquidity pool cannot cover profitable trades, unpaid profits will convert to queued debt, filled by subsequent traders' losses. Its PAPER token grants losing traders the right to claim related earnings from the liquidity pool, with an initial supply of zero, minted from realized losses, with no team or venture capital shares.In the initial phase of the launch, Papertrade will only open trading through the frontend and approved trading relays, and direct access to public contracts will not be supported. Platform administrators can pause new positions, freeze the market, and adjust fee parameters, with a 7-day time lock for contract upgrades. Initially, the PAPER token will only support staking and unstaking, and wallet-to-wallet transfers will not be supported;

According to Salus monitoring, the attacker of the cryptocurrency payment service provider Triple-A has transferred 4,970 ETH (worth approximately 12.4 million USD) into the mixing tool Tornado Cash.In July of this year, the attacker stole assets from Triple-A's own treasury, with public estimates of the loss being around 11.8 million USD. After bridging the funds across chains to the Ethereum network and completing the token exchange, the attacker dispersed the funds to two intermediary addresses on September 6. The attacker consolidated the two streams of funds through a single wallet and recharged them in batches to Tornado Cash, which included 49 transactions of 100 ETH and 7 transactions of 10 ETH, with some of the funds sourced from previous withdrawals from the mixer.

On October 9, the decentralized stablecoin USDD sponsored and attended the Cointelegraph CONNECT event held in Singapore. USDD's Head of Communication Yvonne Chia will participate in a thematic discussion alongside executives from projects such as ether.fi, Mercuryo, and FinHarbor. This discussion focuses on how stablecoins can truly enter daily consumption scenarios through payment infrastructures like cards and wallets.USDD is a multi-chain decentralized over-collateralized stablecoin, currently issued simultaneously on the TRON network, Ethereum Chain, and BNB Chain. Leveraging its seamless compatibility with major DeFi protocols and multi-chain layout advantages, USDD is committed to building a secure, transparent, and efficient decentralized stablecoin product, while continuously exploring the greater value of stablecoins in the real economy.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0xecb63c...2b00 currently holds a short position of 10,787.53 ETH, with a nominal value of 26,907,300 USD.At the time of publication, ETH is quoted at 2,494.30 USD.