x

According to Coinglass data, if ETH breaks through $2,715, the cumulative short liquidation intensity on mainstream CEX will reach $1.437 billion. Conversely, if ETH falls below $2,475, the cumulative long liquidation intensity on mainstream CEX will reach $596 million.

During a conversation with Cointelegraph's multimedia director Ciaran Lyons at the Token2049 conference in Singapore, Kevin Lee, Chief Strategy Officer of the cryptocurrency exchange BingX, stated that wealthy "old money" investors have a longer holding period for Bitcoin compared to many crypto-native traders. He mentioned that he has encountered a large number of "old money" clients seeking alternative investments, saying, "Their diamond hands are stronger than any of ours." Lee pointed out that Bitcoin has grown large enough that wealthy investors are increasingly viewing it as a tool for diversifying their portfolios rather than expecting it to "increase tenfold in two weeks."Lee sees wealthy investors as an underdeveloped source of crypto capital, believing that their buy-and-hold strategy could make Bitcoin a diversification tool for more investors. He cited examples where investors allocate 5% to gold and another 5% to Bitcoin, rather than chasing short-term quick returns. A survey released by CoinShares on Monday, targeting 2,230 investors with investable assets of at least $500,000, showed that long-term appreciation and diversification are the primary reasons for investing in crypto assets, while short-term speculation ranked last. Among the surveyed digital asset investors, 80% hold Bitcoin.However, crypto assets are still far from becoming a standard allocation for wealthy families. A survey conducted by JPMorgan in February, based on 333 single-family offices across 30 countries, revealed that 89% of family offices have no exposure to crypto assets, with an average allocation to crypto and digital assets of only 0.4%. Only 17% of respondents consider crypto and digital assets as key investment themes.

According to the market information platform Liquid24/7.xyz, the Hyperliquid address 0xecb63c...2b00 currently holds a short position of 19,762.81 ETH, with a nominal value of approximately 51.2758 million USD.At the time of writing, ETH is quoted at 2,594.56 USD. The average opening price for the short position at this address is approximately 2,661.05 USD, and the current unrealized profit for this short position is about 1.3142 million USD.

During an interview with The Starting Block at the Digital Asset Summit 2026 Asia, Brian Smith, the president of Jito Foundation, the parent company of the Solana ecosystem trading platform JTX, stated that JTX plans to launch stock trading features within the next two weeks and will release a native mobile app later this fall. The integration of perpetual contracts "may take until later this winter." He mentioned that the team is currently focusing on differentiating the spot trading features.JTX launched in July this year, supporting spot trading for cbBTC, SOL, HYPE, and meme coins, while also offering tokenized stocks and ETFs. The platform charges a fee for each transaction, with 80% of the revenue allocated to Jito DAO for the buyback and destruction of JTO tokens, and 20% distributed to referrers. Smith did not disclose the trading volume since the launch but emphasized the speed of product iteration, stating that the team has two full-time data scientists mining on-chain data to develop in-app discovery features.Smith positioned JTX as a "permissionless Robinhood" for Solana, emphasizing longer holding periods and competitive rates, and noted that other Solana applications tend to focus on early meme coin trading. Regarding perpetual contracts, he acknowledged that Solana "has a lot of work to do" and affirmed Hyperliquid's role in pushing centralized exchange traders on-chain, while stating that Solana is the "king" in the spot trading space.

According to Gate market data, major European stock indices fell, with the German DAX index down 1% during the day, the Euro Stoxx 50 index and the Italian FTSE MIB index down over 1%, the UK FTSE 100 index down 0.35%, and the French CAC 40 index down 0.74%.

On Wednesday during the European trading session, U.S. stock index futures showed a lackluster performance, and U.S. Treasury yields rebounded, with the 10-year yield rising above 5.3% and the 30-year yield hovering around 5.69%. Concerns about inflation, an expanding fiscal deficit, and an increase in AI bond issuance have driven yields to high levels. The escalation of geopolitical conflicts in the Middle East has pushed up oil prices, intensifying inflationary pressures. CME FedWatch indicates that traders expect the probability of an interest rate hike in October to be only about 22%.

Hyperliquid Policy Center CEO Jake Chervinsky stated at the Digital Asset Summit 2026 Asia in Singapore that "every exchange," including CME Group and Intercontinental Exchange (ICE), will adopt public chain infrastructure in the next decade to remain competitive. He emphasized that Hyperliquid is not an exchange but an infrastructure available for different participants, comparing it to Bitcoin, Ethereum, and Solana, arguing that there is no reason for public chains to register as exchanges.Chervinsky mentioned that Hyperliquid does not intend to compete with Kalshi, Coinbase, Robinhood, and CME, but rather exists on the next layer of the tech stack, which these institutions can use to improve their products. He anticipates that in ten years, whether it is crypto-native exchanges like Kraken and Coinbase or traditional exchanges like ICE and CME, they will need to integrate this technology to compete. He also pointed out that, aside from regulated perpetual contracts, on-chain markets need to come under U.S. regulatory oversight, which he expects to happen "in the near future."This statement comes in the context of Payward announcing in September plans to deploy a licensed perpetual contract market on Hyperliquid for U.S. customers, with Bitnomial, regulated by the CFTC, responsible for creation and clearing. Previously, Trump announced that the CFTC would compliantly introduce Hyperliquid to the U.S.

Russia has registered the first batch of cryptocurrency exchange operators and digital asset custodians based on the new regulations that took effect on September 1. The Bank of Russia announced the list of the first authorized operators, which includes 4 exchange operators and 5 custodians.Russia's largest bank, Sberbank, has been included in the list of custodians, alongside Atomyze, Voltari, and Cloud Infrastructure. Sberbank stated that it has applied for the qualification of a digital asset custodian and plans to launch its first cryptocurrency products on December 1 through the SberBank Online, SberInvestments, and SberBusiness platforms, initially supporting Bitcoin (BTC), Ether (ETH), and USDt (USDT).T-Invest Lab, Zefir, and Sistema-Crypto have been included in the list of exchange operators, with VTB Bank appearing on both lists. The relevant registration is based on the cryptocurrency bill signed by President Vladimir Putin in August, which brings exchanges, custodians, brokers, and investors under the supervision of the Bank of Russia and maintains the prohibition on using cryptocurrencies to pay for goods and services.

According to the market information platform Liquid24/7.xyz, the Hyperliquid address 0x344fef...af5d closed a long position of 376.137 BTC, with a nominal value of approximately 31.6029 million USD, at an average transaction price of about 84,020 USD.At the time of publication, the marked price of BTC was approximately 84,040 USD. This closing operation completed the adjustment of the long position for that address.

Elon Musk, CEO of Tesla and SpaceX, stated that his companies will be responsible for the construction and operation of the Terafab artificial intelligence chip complex, with TSMC only leasing a portion of it at most.Terafab is a project promoted by Tesla and SpaceX in Texas, aimed at building a giant chip factory. Musk emphasized that TSMC will not own or operate the factory.

Bitcoin Treasuries stated that Strive's SATA has raised enough funds this week to purchase over 680 Bitcoins. SATA's average daily purchase amount is equivalent to 75% of the daily output of Bitcoin miners.

CryptoQuant analyst Darkfost stated that after excluding Bitcoin that has not moved for over 10 years, the proportion of BTC supply in profit has remained around 60% since August.The analysis pointed out that from a mid to long-term perspective, most of the current BTC in the market has returned to a profitable state and has not yet reached overheating levels, making continued consolidation around this level a reasonable phenomenon. The analysis believes that tokens that have not moved for over 10 years are deeply profitable and are considered to lack liquidity, with a significant portion likely lost. Excluding these can more accurately reflect the current market situation. The current proportion in profit prompts investors to reassess whether to continue holding or to take profits on positions held for nearly a year or exit with limited losses, with supply and demand dynamics determining the subsequent trend.

Polymarket CEO Shayne Coplan stated at Token2049 that they are exploring an on-chain asset linked to the Polymarket economy that also has true programmatic utility, which he referred to as "the way stocks should be."Shayne Coplan also emphasized very cautiously that this is not investment advice.

According to The Defiant citing data from Beaconcha.in, the number of active Ethereum validators has decreased by 2.5% over the past 7 days, to approximately 863,000, while the total amount of staked ETH has slightly increased by 0.08%, reaching 43.74 million.The decline in the number of validators is mainly related to the validator merging mechanism after the Pectra upgrade. This upgrade raised the maximum effective balance of a single validator from 32 ETH to 2048 ETH, allowing operators to merge multiple validators without needing to exit staking, thereby reducing network communication and consensus overhead. Currently, approximately 507,000 ETH are in the merging queue, with an expected waiting time of about 5 days and 11 hours.

At the TOKEN2049 event in Singapore, OKX founder and CEO Star stated that AI's impact on the financial industry is not only occurring at the user level but is also deeply penetrating backend operations such as compliance and risk control. OKX has utilized AI to assist in identifying risks, supporting investigations of suspicious transactions and behaviors, and providing recommendations to enhance processing efficiency and execution consistency. Currently, AI does not make compliance or risk management decisions directly; the final decisions are still made by humans.On-site, OKX board member and former Governor of New York Andrew Cuomo also added that clear regulatory rules are an important foundation for fintech companies to expand their services. To provide financial services to a broader user base, companies must comply with regulatory requirements and establish public trust through compliant operations.

On October 7, WEEX Exchange announced the launch of the "Wall Street Tycoon × Monopoly" event. Users can sign up to receive dice, complete tasks such as trading real-time U.S. stocks, contract trading, consuming stock tokens, and inviting friends to earn more dice; rolling the dice to move on the board will unlock random rewards such as BTC / ETH / USDT / WXT / stock tokens / bonuses / deductions / position airdrops / points / dice, and users can also participate in U.S. stock prediction contests daily to win more points and share a prize pool of one million USDT. Event duration: October 7, 00:00 to November 3, 23:59 (UTC+8).Among them, from October 7 to 11 is the TOKEN2049 themed phase. Users who sign up to participate in the event on-site at TOKEN2049 Singapore can receive a limited VIP experience card. In addition, participants can also visit the WEEX Alpha Suite to join roundtable forums, AMAs, AI trading experiences, and Mini Trading House interactions, receiving exquisite merchandise and custom souvenirs.