Key Market Movements and Announcements
An alleged insider trader, reportedly responsible for a $150 million profit by shorting cryptocurrency before a tariff announcement, has denied insider trading. This individual has now initiated another short Bitcoin $BTC position valued at $340 million.
Binance has announced that it will compensate users who were affected by a price drop that occurred on Friday. Users holding $USDE, $BNSOL, and $WBETH as collateral in Futures, Margin, and Loan products will be eligible for this compensation.
China Renaissance is in negotiations to raise $600 million for a US-listed BNB fund. YZi Labs is expected to participate in this co-financing effort.
CME Group has launched options contracts for Solana $SOL and Ripple $XRP. These new offerings are regulated by the US Commodity Futures Trading Commission (CFTC).
Hyperliquid $HYPE has deployed its HIP-3 upgrade, which enables permissionless perpetual market making. A stake of 500,000 HYPE tokens is required to launch a permanent decentralized exchange (DEX) on the HyperCore platform.
Digital asset investment products saw inflows totaling $3.17 billion last week. Bitcoin $BTC accounted for approximately $2.67 billion, Ethereum $ETH for $338 million, Solana $SOL for $93.3 million, and Ripple $XRP for $61.6 million.
WazirX has received approval for debt restructuring from the High Court of Singapore. The exchange is expected to resume operations within 10 days after the legal effect of this approval.
Upcoming Projects and Alpha News
MegaETH posted an update on X, indicating a "Big Week" and hinting at the possible launch of the Fluffle 2 NFT minting.
Cap Frontier's Epoch 3 is currently open, offering rewards up to 20x Caps. This period concludes on January 28th.
Hey (Lens) has launched its Beta version. Pro users will receive badges and early access to the platform.
Brevis has launched Proving Grounds, a series of quests designed for users to earn Brevis Sparks. Phase 1 of this initiative runs from October 13th to November 2nd.
A post on X showing "▓▓▓▓▓▓▓▓▓▓▓▓░░░░░ 60%" suggests an upcoming mainnet launch.
Airdrop Announcements
The Airdrop Request Portal for Monad $MON is scheduled to open on October 14th at 13:00 UTC and will remain open for three weeks, with no time limit for submissions.
BNB Chain has partnered with Four Meme to launch a $45 million Reload Airdrop, targeting over 160,000 eligible memecoin wallets.
Aster has launched Phase 2 of its $ASTER Airdrop for eligible users.
Intuition $TRUST is set to conduct an Airdrop on November 5th. This will be for users who possess IQ points and have demonstrated good signals on the Ethereum network.
Binance has announced an Euler $EUL HODLer Airdrop for participants of BNB Simple Earn or On-Chain Yields programs, which ran from October 4th to 6th.
Financial and Investment News
Gold $XAU has reached a new all-time high, trading at approximately $4,100.
MicroStrategy $MSTR has acquired an additional 220 BTC, costing approximately $27.2 million at an average price of $123,561 per BTC. The company now holds a total of 640,250 BTC, valued at approximately $74 billion.
Bitmine $BMNR has purchased another 202,037 ETH, amounting to approximately $860 million. Their total holdings of ETH now stand at 3,032,188, valued at approximately $13 billion.
House of Doge, representing the DOGE Foundation, is slated to list on Nasdaq through a merger with Brag House Holdings $TBH.
The Kobeissi Letter has published the week's calendar of major economic events.
Security and Mining Updates
SEAL has launched a verifiable Scam Reporting program, enabling users to submit testimonials about suspicious websites.
RippleX $XRP, in partnership with Immunefi, has launched a $200,000 Attackathon. The event will take place from October 27th to November 24th.
Funding Rounds
Ferra has successfully raised $2 million in a Pre-Seed funding round led by Comma3 Ventures.
Macroeconomic and Technology News
OpenAI is planning a significant investment of $1 trillion over the next five years, with the aim of reaching $13 billion in Annual Recurring Revenue (ARR).
Trump has intensified trade tensions with China, specifically concerning edible oil.
Federal Reserve Chair Jerome Powell has hinted at a potential rate cut, citing weak hiring figures.
Goldman Sachs reported a 20% year-over-year increase in Q3 revenue, reaching $15.2 billion, marking its third-highest revenue figure ever.
Oura has raised $900 million at an $11 billion valuation, having sold over 5.5 million smart rings.
ASML has seen a 29% year-over-year increase in revenue, driven by the booming AI chip market.
Breaking News and Market Developments
Current prices are: BTC $112,029 (▲0.5%), ETH $4,106 (▲3.3%), SOL $203 (▲3.7%).
US authorities have seized $12 billion in Bitcoin associated with the Lubian hack.
MegaETH is scheduled for an Initial Coin Offering (ICO) on the Sonar platform, reportedly involving Cobie.
CZ has responded to allegations regarding Binance listing fees.
Polymarket has added deposit and withdrawal functionality for Hyperliquid, with MetaMask planning to integrate support.
Bitcoin whales have closed their short positions, contributing to a rebound in crypto prices.
Jerome Powell has indicated that Quantitative Tightening is nearing its end.
The Monad Airdrop Checker has gone live.
Binance has completed its first round of deposit airdrops.
Stripe has integrated stablecoin payments for its service subscriptions.
Binance has launched a $400 million "Joint Initiative" to support traders impacted by market volatility.
BlackRock's IBIT Bitcoin ETF has achieved $100 billion in Assets Under Management (AUM) faster than any ETF in history. Larry Fink has confirmed that BlackRock is developing its own tokenization system.
CMB International has launched a $3.8 billion money market fund on the BNB platform.
Gold continues to set new all-time highs, trading above $4,200.
Magic Eden has unveiled a new line of NFT products.
Solana ETF fees have been officially announced.
Japan is intensifying its crackdown on cryptocurrency insider trading.
Coinbase has invested in India's leading cryptocurrency exchange.
Upcoming Token Unlocks
- •Starknet $STRK: Approximately $16 million, scheduled for October 15th.
- •Sei $SEI: Approximately $12 million, scheduled for October 15th.
- •Arbitrum $ARB: Approximately $30 million, scheduled for October 16th.
- •deBridge $DBR: Approximately $19 million, scheduled for October 17th.