PUMP Drops 16% in 24 Hours, a Single Address's One-Time Sale of 1.264 Billion PUMP Tokens May Be the Driver
PUMP fell 16% over the past 24 hours, and one address may have contributed to today's decline. Seven hours ago, this address sold 1.264 billion PUMP tokens in a single on-chain transaction, receiving 5.483 million USDC at an execution price of $0.0043. Because it chose to sell all at once, the address bore 5% slippage; had it split the order into multiple transactions, it could have sold for $5.78 million, whereas the single sale fetched only $5.48 million, about $300,000 less.
Tokenized Fund Liquidity Company Fission Completes $10 Million Series A Funding, Led by Pantera Capital
Tokenized fund liquidity startup Fission announced the completion of a $10 million Series A funding round led by Pantera Capital, with participation from Circle Ventures, Borderless Capital, and Ari Rubenstein. The funding closed in September 2026. The platform allows investors to connect digital wallets and compress the process of selling tokenized fund shares—which previously took about 200 days—into under 90 seconds, enabling instant liquidity through a fee-based model. Its main clients are currently institutional investors, including hedge funds holding tokenized private credit or equity, crypto organizations, and stablecoin issuers.
Analyst: Bitcoin May Pull Back to $74,600, but Medium-Term Trend Remains Bullish
Crypto analyst Darkfost posted that there have been no substantive changes in Bitcoin's technical picture. The first impulse wave (Wave 5) has ended at the expected level, and the next phase may be a Wave 2 correction, with a pullback target of possibly $74,600, corresponding to the common 0.382 Fibonacci retracement level. BTC has now fallen below the 21 EMA, is temporarily finding support near the 50 EMA, while the 200 EMA is at around $75,800. RSI has returned to the neutral level of 50, and its gap from its 14-day moving average has widened, meaning the market may first see a Wave B rebound, followed by a final Wave C correction. Darkfost said there are currently no signals worth worrying about, and Bitcoin's medium-term trend remains positive.
South Korean "Crypto Market Operator" Jonber Kim Acquitted in First Trial of 340 Billion Won Crypto Fraud Case
Crypto market operator "Jonber Kim" (transliterated, Mr. Park), who was indicted on charges including involvement in a crypto asset fraud case worth about 340 billion won (approximately $230 million), was acquitted on October 15 in the first trial by the Seoul Southern District Court.
The court held that although the defendant may have made false promotional statements regarding the substance of the POD (Grape Coin) and ATT (Atube) projects, prosecutors failed to prove a causal relationship between the relevant conduct and individual investors falling into mistaken beliefs and purchasing the tokens; the charges of manipulating token prices and misappropriating proceeds from the sale of Grape Coin were also not sufficiently supported by evidence. However, the other two defendants were sentenced to 4 months in prison with a 1-year suspended sentence, and 6 months in prison with a 2-year suspended sentence, respectively, for submitting false materials during Coinone's listing review process and obstructing the exchange's review work.
Hyperliquid Co-Founder Jeff Yan: Plans to Bring the Entire Financial Industry onto Hyperliquid
Hyperliquid Labs CEO and co-founder Jeff Yan said in a recent interview that he plans to bring the entire financial industry onto Hyperliquid. He also introduced Hyperliquid's operating mechanism, ecosystem participants, and native token HYPE, and discussed how to bring traditional financial markets on-chain. Hyperliquid supports 24/7 on-chain trading. Earlier this year, users traded crude oil-related contracts through a market built on it. Yan also discussed the role of oracles in the protocol and the compliance conditions Hyperliquid would need to meet to enter the U.S. market in the future. Previously, U.S. President Trump said that the U.S. Commodity Futures Trading Commission (CFTC) is pushing to bring Hyperliquid into the U.S. market in a fully compliant and legal manner.
After Supply Chain Security Incident, Ledger Plans to Launch Phone-Style Hardware Wallet Atom
Crypto hardware wallet manufacturer Ledger announced the development of a new device, Ledger Atom, planned for release in mid-2027. The device is based on Android, supports apps such as WhatsApp, Instagram, and TikTok, and allows users to switch between everyday phone functions and crypto asset protection mode, while also integrating the AI assistant OpenClaw.
The announcement comes as Ledger's supply chain security incident continues to unfold. The supply chain security incident involving CryptoBilis previously caused more than 300 wallets to suffer losses, with on-chain researchers estimating losses of up to $93.2 million.
New York City Comptroller Urges Anthropic to Pause IPO Plans
New York City Comptroller Mark Levine said in an interview that he has written to Anthropic CEO Dario Amodei, calling on the company to pause its planned initial public offering (IPO). The letter urged Anthropic to suspend its IPO plans until it fully and transparently responds to concerns related to AI safety, governance, and development that the company itself has raised. Levine wrote that the company should focus on addressing these risks rather than proceeding with an IPO. New York City currently holds less than $10 million in investment exposure to Anthropic through private markets.
Warsh Pushes for a Quieter Fed, Officials Warn It May Worsen Market Volatility
Federal Reserve Chair Kevin Warsh is pushing to adjust the Fed's communication mechanism, advocating fewer public hints about the future path of interest rates and considering weakening or even eliminating the quarterly rate dot plot, instead letting the market judge policy direction based on economic data.
However, this new policy of favoring silence has just been tested and has already stirred up a surge of opposition within the Fed. Many policymakers said bluntly that the central bank's responsibility to manage expectations is indispensable, and deliberately staying quiet not only fails to bring rationality but instead causes markets to frequently fall into sharp swings due to a lack of reference points. As U.S. September CPI rose to 3.7% year-over-year, the market remains divided on the subsequent rate hike path, and the related debate also highlights the question of how the Fed can balance policy transparency with market-based pricing.
3 Wallets Sold 2.9 Billion PUMP Tokens About 9 Hours Ago, Cashing Out 12.58 Million USDC
Three wallets sold 2.9 billion PUMP tokens about 9 hours ago at a price of $0.00434, receiving about 12.58 million USDC.
Ripple's Ripple Prime Launches Traditional Asset Perpetual Contract Trading Services for Institutional Clients
Ripple's prime brokerage division Ripple Prime is launching perpetual contracts linked to real-world assets (RWA) for institutional clients, covering more than 100 reference markets including equities, indices, ETFs, and commodities. The service is reportedly provided through Trade.xyz and supports cross-margin, allowing clients to share account funds across multiple positions to improve capital efficiency.
U.S. Stock Pre-Market News Overview: Spot Gold and Silver Rise Collectively, U.S. Treasury "Safe-Haven Trade" Makes a Comeback
Before the U.S. stock market opens, the key market and financial news investors should focus on is as follows:
1. U.S. stock index futures are mixed. Dow Jones index futures rose 0.35%, S&P 500 index futures fell 0.31%, and Nasdaq 100 index futures fell 1.25%.
2. International oil prices are mixed. WTI crude oil futures rose 0.33% to $95.400 per barrel; Brent crude oil futures fell 1.18% to $104.804 per barrel.
3. International spot gold and silver rose collectively. Spot gold rose 1.20% to $4,154.39 per ounce; spot silver rose 1.94% to $56.70 per ounce.
4. Europe's three major stock indices mostly rose. The UK FTSE 100 rose 0.77%, France's CAC40 rose 0.27%, and Germany's DAX30 fell 0.39%.
5. Apple Board Executive Chairman Cook said during a visit to Shanghai that Apple Intelligence and the related Alibaba Qwen large model have indeed been approved and will release a test version later in October, but this will not include Siri AI.
6. Musk's chip project Terafab may receive its first ASML EUV lithography equipment in the middle of next year. Terafab's initial chips are expected to still use traditional chip equipment to align with Intel's 14A process.7. TSMC said its 2026 capital expenditure is expected to be US$60 billion–US$64 billion; CPU demand for AI agents is growing, far exceeding existing supply capacity; it is in discussions with Musk about whether idle capacity at TeraFab can be utilized.
8. Credit risk concerns over AI cloud service provider CoreWeave have further intensified, with its five-year credit default swap (CDS) spread exceeding 1,000 basis points, reflecting market worries about its debt repayment and refinancing capacity.
9. Rocket Lab has once again delayed the maiden flight of its new heavy-lift rocket Neutron, postponing its first launch to 2027. Rocket Lab fell nearly 12% in premarket trading at one point.
10. Goldman Sachs expects Google's capital expenditure next year to approach US$350 billion, maintaining a "Buy" rating on Google and a US$435 price target.
11. U.S. stocks fell while yields attracted buyers, and the U.S. Treasury "safe-haven trade" made a comeback. U.S. Treasury prices have recently extended gains, driving yields across maturities lower. The 10-year U.S. Treasury yield fell as much as 10 basis points intraday to 5.08%.
U.S. initial jobless claims for the week ending October 10 were 199,000, expected 200,000
U.S. initial jobless claims for the week ending October 10 were 199,000, expected 200,000, with the previous reading revised to 198,000 from 197,000.
U.S. September PPI year-on-year came in at 6.3%, the highest since May 2026
U.S. September PPI year-on-year came in at 6.3%, the highest since May 2026, above the market expectation of 5.3%. U.S. September PPI month-on-month came in at 1.3%, far above the market expectation of 0.5%. U.S. September retail sales month-on-month came in at 0.8%, above market expectations.
View: If Bitcoin surges to US$126,000, those waiting to buy the dip at US$75,000 may miss out
Trader Killa posted on X platform that Bitcoin still has about 7% of downside to US$75,000, while it has about 56% of upside to US$126,000. The market may retest US$75,000, or it may not happen, and no one can be 100% certain. Do not miss a potential rally just to wait for a lower buying price. Previously, when Bitcoin was at US$60,000, many investors missed the entire subsequent rally because they were waiting for US$50,000. The market does not necessarily give investors their ideal buying price, and even if the price reaches the target, investors may continue to raise their expectations.
"Terrifying data" far exceeds expectations: U.S. September PPI data rose sharply
U.S. September PPI year-on-year came in at 6.3%, the highest since May 2026, above the market expectation of 5.3%. U.S. September PPI month-on-month came in at 1.3%, far above the market expectation of 0.5%. U.S. September retail sales month-on-month came in at 0.8%, above market expectations.
Even excluding volatile food and energy, core PPI still rose 0.7% month-on-month and 5.0% year-on-year, highlighting the strong resilience of underlying price pressures. PPI has long been regarded as a leading indicator transmitted to final consumption. Because some components will be directly included in the personal consumption expenditures (PCE) price index, which the Federal Reserve values most, key data such as a 5% monthly jump in airfares will undoubtedly greatly push up the PCE reading scheduled for release on October 29, further blocking the path for prices to fall back to the long-term 2% target.
Chip stocks shed US$1 trillion in market value, investors rush into semiconductor ETFs to buy the dip
As chip stocks shed US$1 trillion in market value, ETF investors are pouring billions of dollars into the decline, with one fund offering triple the daily return exposure to the semiconductor industry expected to post a record weekly inflow this week. Compiled data show that the US$72 billion VanEck Semiconductor ETF attracted more than US$430 million in inflows over the past three trading days, on track for its largest weekly inflow since early September.
Some investors are even more aggressive. Although the triple-leveraged Direxion Daily Semiconductor Bull 3X ETF has fallen nearly 21% this week, about US$3.8 billion still flowed in. For this US$19 billion fund, the inflow is enough to make it the largest single-week record in history. However, the market backdrop is not optimistic. As investors continue to worry about AI spending and intensifying global competition, the Philadelphia Semiconductor Index has fallen 12% over the past six trading days, wiping out about US$1 trillion in market value. Concerns about excessive valuations and rising interest rates have further exacerbated volatility in the sector. Todd Sohn, chief ETF strategist at Baird Strategas, said: "The pullback in semiconductor stocks has accelerated again, but this still has not truly dampened investors' demand to use leverage to buy the dip."
Today U.S. Bitcoin ETFs saw a net outflow of 3,209 BTC, Ethereum ETFs saw a net outflow of 38,915 ETH
Today U.S. Bitcoin ETFs saw a net outflow of 3,209 BTC, with a 7-day net outflow of 5,250 BTC; Ethereum ETFs saw a net outflow of 38,915 ETH, with a 7-day net outflow of 133,537 ETH.
FTC spokesperson: Trump AI task force will meet on Thursday
A spokesperson for the U.S. Federal Trade Commission (FTC) announced that the Trump AI task force will meet on Thursday.
Nasdaq plans US$5 million delisting threshold, U.S. domestic companies question "one-size-fits-all" approach
Nasdaq plans to introduce new rules under which listed companies with a market value below US$5 million for 30 consecutive days will face immediate suspension and delisting procedures, aiming to crack down on manipulation such as "pump and dump" in the overseas small-cap market. The proposal has drawn opposition from small U.S. domestic companies, which worry that the new rules may also target companies that are operating normally but have volatile share prices, affecting financing and business development. The U.S. Securities and Exchange Commission (SEC) suspended progress on the proposal last month and decided to seek further public comment. Currently, more than 190 Nasdaq-listed companies have a market value of no more than US$5 million, and nearly half of them are headquartered in the United States.
OpenAI donates US$5 million to Simons Foundation to support mathematicians in studying AI results
OpenAI announced a US$5 million donation to a new program of the Simons Foundation to support mathematicians in testing, understanding, and further expanding AI-generated research results, including related results recently announced by OpenAI. The funds will be managed and distributed by the Simons Foundation to support workshops, academic conferences, and special programs. In addition, OpenAI will provide model access and computing resources to researchers supported by the Simons Foundation, promoting the translation of AI technological progress into deeper mathematical understanding and new discoveries.
Russia plans to ban direct individual cryptocurrency P2P transactions and restrict transfers to self-custodial wallets starting July 2027
The Central Bank of Russia said that starting July 1, 2027, direct peer-to-peer (P2P) cryptocurrency transactions between individuals will be prohibited, and related transactions must be conducted through authorized intermediaries. In addition, the regulator made clear that individuals may not transfer crypto assets from digital accounts to their own non-custodial or self-custodial wallets.
U.S. Comptroller of the Currency: Final rules for implementing the GENIUS Act expected to be announced by the end of October
Jonathan Gould, Comptroller of the Currency of the United States, said that the OCC's final rules implementing the GENIUS Act are expected to be announced "soon," no later than the end of October.
Jensen Huang backs CoreWeave: no need for Nvidia guarantee, financial condition continues to improve
Nvidia CEO Jensen Huang said that the financial condition of data center operator CoreWeave is improving. Nvidia is CoreWeave's computing equipment supplier. Huang said at an event in Stockholm: "CoreWeave's strength is increasing every day." He believes there is no need for Nvidia to provide financial guarantees for CoreWeave. "I am optimistic. In fact, their cost of capital is falling."
Previously, confidence in CoreWeave in credit markets deteriorated, with views that its default risk was rising, and Huang is trying to restore market confidence in the company. CoreWeave is an important case for testing the sustainability of the business models of emerging AI infrastructure companies.
Bitcoin bull-bear tug-of-war intensifies, probability of rising to US$100,000 before Christmas falls below 10%The crypto market is caught in a tug-of-war between bulls and bears: on one hand, digital asset analysts remain bullish; on the other, the speculative market as a whole is turning defensive, with risk appetite under continued pressure. Bitcoin briefly fell below $80,000 for the first time in nearly a month. Dragged down by the sell-off in the U.S. AI sector, risk assets broadly retreated, and the bullish sentiment the crypto market had previously tried to rebuild was once again undermined. Nick Forster, founder of Derive.xyz, said that over the past 24 hours, the market-implied probability of Bitcoin reaching $100,000 before Christmas fell by 2.8 percentage points to 9.7%.
Market News: BInance.US seeks $100 million in financing to expand its crypto business
BInance.US seeks $100 million in financing to expand its crypto business.
Circle (CRCL) shares rose as much as 10.03% intraday, now at $87.69
According to Binance market data, Circle (CRCL) shares rose as much as 10.03% intraday, now at $87.69.
Gemini and CFTC's joint request to vacate $5 million settlement rejected by judge
According to Sina Finance, New York federal district judge Alvin Hellerstein rejected a joint request by the Commodity Futures Trading Commission (CFTC) and Gemini Trust Company. The request sought to vacate an enforcement decision from the Biden administration era that required the crypto exchange, led by billionaires the Winklevoss twins, to pay a $5 million penalty.
Gemini and the U.S. Commodity Futures Trading Commission (CFTC) argued in May that the settlement reached in January 2025 "contravenes the fundamental principles of fair enforcement." The CFTC said an internal investigation found improper litigation tactics in the case; under President Donald Trump's administration, regulators would not have brought the case, as Trump has been more friendly to the crypto industry than his predecessor. But New York federal district judge Alvin Hellerstein ruled on Thursday, saying "neither of the above reasons is sufficient to support vacating the settlement," and added that Gemini voluntarily signed the settlement three weeks before trial.
South Korea's KOSPI index opened up 1.8%, SK Hynix rose more than 2%
South Korea's KOSPI index opened up 1.8% at 5,653.99 points. SK Hynix and Samsung Electronics both rose more than 2%. The Nikkei 225 opened up 0.78% at 64,925.29 points.
MSCI finalizes new index rules, Strategy and other companies face removal risk
MSCI will adopt a new set of rules that could lead to Strategy and Metaplanet being removed from its indexes. MSCI had previously consulted on the eligibility of "non-operating companies" for inclusion. The methodology will be implemented in the November 2026 index review and take effect after the close on November 30. It will screen companies by assessing their operating assets and five financial ratios, replacing the previous temporary restriction measures targeting companies whose "digital asset holdings account for more than 50% of total assets." MSCI will announce the final list of affected companies on November 11.
MSCI noted that for existing index constituent companies, if they fail the eligibility screening in both of their most recent two annual reporting periods, they will be removed from the index. Where data is available, MSCI may also refer to a company's most recent interim report.
Decentralized social network Farcaster acquired by Balaji's Network School
Balaji Srinivasan's Network School acquired the decentralized social network Farcaster from Neynar. This is Farcaster's second change of ownership this year; Neynar had taken over the platform from Farcaster's original developer Merkle Manufactory in January this year. The transfer covers the Farcaster app, protocol codebase, and related products. Most of Neynar's team members will join Network School, while co-founders Rish and Manan will leave. The future arrangements for token issuance platform Clanker remain unclear.
An in-app announcement stated that Farcaster will transform into a "network state protocol," with the goal of "building a digital social network that users voluntarily join and ultimately mapping it to the real world." Users who accept the new "social smart contract" will gain access to an NFT, while those who decline will only be able to browse in the main app. In addition, the platform requires users to undergo "proof of personhood" verification, aimed at reducing bot account activity.
A trader opened long positions worth $187 million in BTC and ETH 4 hours ago
Trader address 0x30a...93e opened long positions worth $187 million at maximum leverage 4 hours ago. This includes long positions of 1,822 BTC (about $150 million) and 15,270 ETH (about $37.33 million). The trader's most successful previous trade yielded a profit of $14.8 million: going long NEAR at $2.14 in late August and taking profit at $4.88 in late September.
A whale sold another $15.25 million worth of SOL after two months
Whale Hamr4x sold another 145,010 SOL, worth $15.25 million, after two months.
Pirate Chain attacked, token supply inflated by about 20%
Pirate Chain released an update on its investigation into the exploit incident. On October 14, a transaction validation vulnerability was discovered in Pirate Chain's source code, which led to approximately 39.8 million ARRR being created without authorization, increasing the total token supply by about 20%. These newly generated tokens were then transferred into the Sapling privacy pool. NonKYC subsequently detected suspicious deposits, restricted the relevant accounts, and blocked withdrawals. The exploit combined the failure of two validation steps: bypassing the inflation check and an error in parsing the output script.
As a voluntary precautionary measure, dPoW (delayed Proof of Work) operators reached consensus to temporarily suspend notarization services; at the same time, the team has requested exchanges and mining pools to voluntarily suspend related business operations while a recovery plan is developed. The Pirate Chain network is still operational. The Pirate Chain team is investigating the matter and collaborating with other community members to develop a solution.
Hut 8-linked wallet deposited 1,589 Bitcoin worth $130 million to exchanges in two days
Hut 8, a Bitcoin treasury company holding 10,278 Bitcoin (worth $845.6 million), appears to be selling its Bitcoin holdings. Over the past two days, a wallet linked to Hut 8 deposited 1,589 Bitcoin (worth $130 million) to multiple exchanges.
Meme coin speculation tide recedes: average peak in 17.2 days, only 3% of projects can return to all-time highs
Analysis shows that the Meme coin lifecycle is shortening. On average, Meme coin projects usually reach their all-time high 17.2 days after first trading, with one quarter peaking within 1.6 days, while the median time from peak to "death" (a 95% price decline) is 370 days, and only 3% of Meme coin projects are able to return to their all-time highs.
The analysis suggests that the market being flooded with a large number of new tokens and the lifecycle of rapid pumps followed by sell-offs is gradually cooling this once-popular crypto speculation sector. In addition, AI and prediction markets are diverting attention away from Meme coins, especially since prediction markets overlap significantly with the capital demand that previously drove Meme coin speculation. Meme coins were once a form of cultural expression, and that attribute still exists today, but it has become "more low-key."
Ramp completes $1.85 billion new funding round at a $60 billion valuation
Ramp co-founder Eric Glyman announced in a post that the company completed a $1.85 billion new funding round, reaching a valuation of $60 billion. The round was co-led by Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital, and Avenir Growth. This funding comes just 4 months after the previous $750 million raise at a $44 billion valuation in June.