Today's headlines:
Pyth DAO passes OP-PIP-136, 100% of product revenue will be used to buy back PYTH
Trump completed over 500 securities transactions in August: bought up to $25 million in Meta stock, also purchased SpaceX debt products
Bitcoin miner MARA Holdings sold 996 BTC, worth approximately $81.13 million
Bitcoin life insurance company Meanwhile completes $37 million funding round, led by Bain Capital Crypto
Starknet considers transitioning to an L1 network to address quantum threats, targeting implementation by 2027
Venture capital firm USV establishes a $900 million new fund, focused on early-stage investments in AI and other sectors
Aptos Foundation commits to permanently lock and stake 210 million APT
Anthropic will open Claude to more than 15 U.S. federal agencies
Regulation & Macro
Trump completed over 500 securities transactions in August: bought up to $25 million in Meta stock, also purchased SpaceX debt products
Recently disclosed financial filing documents show that U.S. President Trump completed more than 500 securities transactions in August, including buying up to $25 million in Meta stock, and investing up to $5 million in SpaceX debt products two days before signing a policy to expand commercial space transportation. The 517 buy and sell transactions totaled approximately $74.3 million to $273.3 million, with at least $44.2 million in purchases and at least $30.1 million in sales. Trading frequency declined from June and July (over 1,000 transactions per month). The largest single transaction was the purchase of $5 million to $25 million in Meta stock on August 21, with a broad portfolio rebalancing on the same day.
Moscow Exchange plans to open cryptocurrency trading starting December 1
Boris Blokhin, Senior Managing Director of the Moscow Exchange, stated that the exchange plans to provide cryptocurrency trading services starting December 1 under new legislation, and will continue testing before launch. The Moscow Exchange has previously launched crypto asset index futures and perpetual contracts for BTC, ETH, SOL, XRP, TRX, and others for qualified investors. Russia's new regulations require citizens to legally purchase cryptocurrencies through licensed intermediaries such as exchanges and brokers.
ESMA requires crypto service providers to stop offering non-MiCA-compliant stablecoin services, with a 3-month phase-out
The European Securities and Markets Authority (ESMA) issued an opinion requiring EU crypto asset service providers (CASPs) to stop offering services involving non-MiCA-compliant stablecoins to EU clients, covering trading, exchange, custody, transfers, and investment advice, and to prevent clients from buying or increasing holdings. Existing exposure must be cleared within 3 months, by no later than January 8, 2027, during which only limited exit services such as selling, exchanging, and withdrawing may be provided.
China's central bank: no intention to gain trade competitive advantage through depreciation, never engages in competitive currency devaluation
The People's Bank of China issued the "Policy Position on the RMB Exchange Rate," clarifying that China implements a managed floating exchange rate system and has exited normalized foreign exchange intervention since 2017. The central bank stated it has no intention to gain trade competitive advantage through depreciation and never engages in competitive currency devaluation, only using macroprudential tools to prevent short-term overshooting under major external shocks such as the pandemic and the April 2025 tariff war. Since the 2005 exchange rate reform, the RMB has appreciated 23% cumulatively against the U.S. dollar, with the nominal effective exchange rate appreciating over 50%; since 2025, it has appreciated about 9% against the U.S. dollar. The central bank believes that using IMF External Balance Assessment (EBA) conclusions as "official evidence" of RMB undervaluation is a distortion and misuse.
Trump: White House will treat those who use the term "Artificial Intelligence" instead of "Super Intelligence" as enemies
U.S. President Trump posted on Truth Social that the White House will treat anyone who uses the term "Artificial Intelligence" instead of the highly accepted and more accurate new term "Super Intelligence" as an enemy. Previously, Trump had proposed renaming AI to "Super Intelligence."
Project Updates
Upbit will list KAIA token on KRW, BTC, USDT markets
South Korean crypto exchange Upbit will list KAIA token on KRW, BTC, and USDT markets, with trading set to begin at 18:30 local time on October 9.
Binance will open Alpha airdrop blind box today at 17:00, airdrop threshold 245 points
Binance will open Alpha airdrop and trading today at 17:00 (UTC+8), using the upgraded "Alpha Blind Box" model. Users holding at least 245 Binance Alpha points can claim one token reward on a first-come, first-served basis, with 15 points consumed per claim. The airdrop has three reward tiers: Common (80%), Rare (15%), and Hidden (5%). If rewards are not fully distributed, the points threshold will automatically decrease by 5 points every five minutes.
Binance will add observation tags to BICO and CVC
Binance will add Biconomy (BICO) and Civic (CVC) to the observation tag. Binance stated that tokens with the observation tag typically have higher volatility and risk, may no longer meet the platform's listing standards, and face delisting risk.
PeckShield: 79th Vault attacked, losing approximately $12.51 million
According to PeckShield monitoring, DeFi protocol 79th Vault was attacked, with 10,000 $79AU tokens stolen and swapped for 16,249 BNB, worth approximately $12.51 million. The attacker subsequently transferred 30 BNB to the exchange KuCoin.
Pump.fun launches custom trading pair feature, new coins can be paired with tokens already issued on the platform
Pump.fun launched a custom trading pair feature, allowing new coins to be paired with tokens already issued on the platform. All purchases of new coins will go through the original token's liquidity pool, bringing buying pressure and deeper liquidity to the original community. Pairing targets include tokens still in the bonding curve phase, tokens migrated to PumpSwap, and whitelisted tokens. Tokens migrated to Raydium are unavailable unless whitelisted (such as Fartcoin).
Aptos Foundation commits to permanently lock and stake 210 million APT
The Aptos Foundation has committed to permanently lock and stake 210 million APT, approximately 37% of its holdings at mainnet launch. The related tokens will never be sold or distributed, and foundation operations will be supported by staking rewards. Previously, Aptos proposed tokenomics reform plans, including setting a hard cap of 2.1 billion APT supply, reducing the annual staking reward rate from 5.19% to 2.6%, and increasing Gas fees by 10x with all fees burned.
Coinbase will suspend BAL and TNSR trading at early morning on November 10
Based on recent review, Coinbase will suspend Balancer (BAL) and Tensor (TNSR) trading at approximately 14:00 ET on November 9 (approximately 03:00 Beijing time on November 10), affecting Coinbase.com, Coinbase Exchange, and Coinbase Prime. Currently, BAL and TNSR order books have switched to limit-only mode, and user assets can still be withdrawn normally.
Anthropic will open Claude to more than 15 U.S. federal agencies
Anthropic announced it will invest $150 million over three years in the Trump administration's "Genesis Mission" federal program, providing its AI model Claude to more than 15 federal agencies including NASA and NIH, and providing Claude, Claude Code, and API credits to the project.
Pyth DAO passes OP-PIP-136, 100% of product revenue will be used to buy back PYTH
Pyth DAO has passed the OP-PIP-136 proposal, committing to use 100% of all revenue from Pyth products to buy PYTH on the open market and inject it into reserves, up from the previous ratio of one-third of non-PYTH balances. The proposal replaces monthly individual votes with a long-term mandate, covering Pyth Pro subscriptions, Listing as a Service, Data Marketplace, and Pyth Indices. As of now, the PYTH reserve has accumulated 42 million tokens, with the first batch of purchases executed on September 30. Pyth's overall ARR reached $11.5 million in September 2026, up 86% month-over-month.
Cardano Foundation spins off digital identity project Veridian, tokenizes its equity on-chainThe Cardano Foundation announced it will spin off its digital identity project Veridian into an independent Swiss company and use CIP-0113, a newly launched programmable token standard on the Cardano network, to tokenize most of its 1 million shares on-chain. Veridian becomes the first company to use the standard for equity tokenization, but the tokenized shares were not offered to the public. Foundation CEO Frederik Gregaard said the company plans to seek strategic investors in 2027. Veridian develops digital credentials based on the open KERI and ACDC standards, its mobile wallet is already live on iOS and Android, and it has already aligned with Utah's digital identity regulations in the United States.
Investment and Financing News
Bitcoin life insurance company Meanwhile completes $37 million funding round, led by Bain Capital Crypto
Meanwhile, a Bitcoin life insurance company backed by Sam Altman, has completed a new $37 million funding round at a valuation of $350 million, led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. The funds will be used to meet demand for Bitcoin-denominated life insurance in Asia, Europe, and the Middle East. Meanwhile is headquartered in Bermuda and is the first life insurance company approved to conduct business entirely in Bitcoin, with total funding now exceeding $180 million.
Venture capital firm USV establishes a new $900 million fund, focused on early-stage investments in areas including AI
Venture capital firm Union Square Ventures (USV) announced it has raised a new $900 million fund to support startups being built at the frontier of large markets undergoing technological transformation. Its previous core fund was $275 million; the larger size is intended to lead more rounds and support companies for longer in the AI era, as well as invest in areas such as robotics, manufacturing, and energy. The team has added several members, including General Partner Michael Mignano, Venture Partner Jared Hecht, and Product Advisor Partner Scott Belsky.
AI model evaluation platform Arena completes $200 million funding round at a $3.1 billion valuation
AI model evaluation platform Arena has completed a new $200 million funding round at a valuation of $3.1 billion, nearly double its $1.7 billion valuation in January this year. The round was led by Lightspeed Venture Partners and Khosla Ventures, with participation from Salesforce Ventures and Dell Technologies Capital. Arena originated from the Chatbot Arena research project at UC Berkeley and is known for its public large-model leaderboard. In June this year, its annualized revenue reached $100 million.
Views & Analysis
PONS founder buys spot BTC for the first time in three years and plans to accumulate one BTC through dollar-cost averaging
PONS founder Ozzy said he bought a small amount of spot BTC, his first purchase since January 2023. He believes last night's BTC decline resembles the sharp drop after the FTX bottom in 2023, and that not many people hold a whole BTC. He believes Bitcoin may become a symbol of wealth in the future and plans to accumulate one BTC through dollar-cost averaging.
Starknet considers transitioning to an L1 network to address quantum threats, targeting 2027
StarkWare CEO Eli Ben-Sasson published an article discussing the necessity of upgrading Starknet to L1 to address post-quantum era threats. He pointed out that the threat of quantum computing may be closer than expected, and that combined with the rapid development of AI, it could break existing security assumptions. As an L2, Starknet relies on Ethereum security, and Ethereum aims to achieve full quantum resistance by the end of 2029. If Starknet upgrades to L1, it could achieve this as early as 2027, at which point it could independently control its security migration and become a quantum-resistant network capable of public or private transactions and asset custody.
Arthur Hayes: Early in a bull market, numerous concerns must be overcome, and the "money printing wave" will drive asset prices sharply higher
Arthur Hayes published an article saying that at the beginning of every super bull market, the market must overcome numerous concerns. In 2017 it was the block size debate, in 2020 it was the pandemic, in 2023 it was the FTX collapse and central bank rate hikes, and in 2026 it is the FUD caused by AI crypto technology. The money printing wave will eventually arrive, and asset prices will eventually surge.
Citrini Research releases AI and crypto portfolio
Citrini Research published an article stating that as AI agents enter the mainstream and financial assets accelerate tokenization, the barriers between traditional finance and the crypto world are breaking down. The institution released a portfolio in which, among crypto tokens, DRV, LIT, and ETHFI each account for 10%, AAVE and ENA each account for 9%, SOL accounts for 8%, and HYPE and AERO each account for 7%; among stocks, SECZ accounts for 20%, CRCL and COIN each account for 18%, and BHYP and HOOD each account for 14%.
Key Data
U.S. pre-market cryptocurrency-related stocks rise broadly, Circle up more than 2%
U.S. pre-market cryptocurrency-related stocks rose broadly, with Strategy (MSTR) up 2.24%, Coinbase (COIN) up 1.86%, BitMine (BMNR) up 1.67%, Circle (CRCL) up 2.18%, and Robinhood (HOOD) up 1.77%.
Bitcoin miner MARA Holdings sells 996 BTC, worth about $81.13 million
According to Lookonchain monitoring, Bitcoin miner MARA Holdings sold 996 BTC, worth about $81.13 million.
Spot Bitcoin ETFs saw a net outflow of $244 million yesterday, with only the Franklin Bitcoin ETF EZBC achieving net inflows
According to SoSoValue data, yesterday (U.S. Eastern Time, October 8), spot Bitcoin ETFs saw total net outflows of $244 million. The largest net inflow was the Franklin Bitcoin ETF EZBC, with net inflows of $4.7143 million and cumulative historical net inflows of $330 million. The largest net outflow was Fidelity FBTC, with net outflows of $197 million and cumulative historical net inflows of $10.519 billion. Currently, the total net asset value of spot Bitcoin ETFs is $104.914 billion, the net asset ratio is 6.38%, and cumulative historical net inflows are $57.086 billion.
U.S. government deposits more than 17,000 BTC into Coinbase Prime within three days, worth $1.48 billion
According to Lookonchain monitoring, over the past three days, the U.S. government deposited 17,733 BTC (worth $1.48 billion) and 750 WBTC (worth $62 million) into Coinbase Prime. During this period, the BTC price fell 6.9%.
Over the past year, BTC involved in address reuse rose from 3.79 million to 4.33 million, accounting for 21.5% of circulating supply
According to glassnode data, over the past year, the total amount of BTC involved in address reuse rose from 3.79 million to 4.33 million, now accounting for 21.5% of circulating supply. Most BTC with visible public keys is exposed due to address reuse, and transferring coins to new addresses can eliminate the exposure risk.
Machi loses $8.44 million in a week, account value falls below $1 million again
Machi (Huang Licheng) lost $8.44 million in a week, and his account value fell below $1 million again. He currently holds a long position of 9,950 ETH (worth $24.68 million), with a new liquidation price of $2,431.59.
Pump.fun's top 25 deployers issued 770,000 tokens and made $128 million in profit, with only 6 tokens exceeding $20 million in market cap
According to crypto KOL Bando, the top 25 developers by deployment volume on Pump.fun launched a total of 770,000 tokens and made $128 million in profit from the market, but only 6 tokens had a market cap exceeding $20 million.
Jump Crypto stakes SOL worth $49.81 million
ICANN's new round of top-level domain applications reaches 1,615, with .agent contested by 13 partiesAccording to an official ICANN announcement, the new round of generic top-level domain applications received a total of 1,615 submissions, with AI domains becoming a hot spot. Among them, .agent received 13 applications, with applicants including OpenAI, Meta, Google's registry, and iPollo. OpenAI applied for 15 in total, including .gpt and .chatgpt; Anthropic applied for .claude. Crypto domains such as .btc and .bnb also drew multiple applications.
Data: U.S. government address transfers out 12,267 BTC, worth about $1.01 billion
According to Arkham and on-chain data, at 21:33 Beijing time on October 8, an address labeled "U.S. Government: Bitfinex Hacker Seized Funds" transferred out 12,267.02 BTC (about $1.01 billion), after which 6,000 of them were moved in two transactions to a new address 33pYK...cFk, while the remaining about 6,267 were temporarily held in another new address. In the previous two days, U.S. government-related addresses had cumulatively transferred more than 6,200 BTC to Coinbase Prime.
An address scoops up $8.09 million in altcoins in 4 hours, heavily overweight ZRO, WLD, CHIP
According to on-chain analyst Ai Yi, address 0x129...72EbE bought a cumulative total of about $8.09 million in altcoins over the past 4 hours, covering the AI and cross-chain infrastructure sectors. Among them, it bought 2.55 million $ZRO (about $5.3 million, quoted at $2.08), 4.41 million $WLD (about $2.29 million, quoted at $0.5189), and 10 million $CHIP (about $492,000, quoted at $0.04928).