News linked to this event type.
Restaking protocol Swell announced that it is currently working with security partners and Seal911 to fully secure its infrastructure, and has suspended deposits and withdrawals for swETH and rswETH. The next step to restore normal operations is to adjust the Net Asset Value (NAV) back to its correct level, after which deposits and withdrawals will be reopened. Swell emphasized that all funds remain secure and that it is collaborating with its security team to advance the restoration efforts. Users are advised to stay vigilant, guard against phishing risks, and rely solely on official channels for information.
According to an analysis published by on-chain analyst Darkfost on CryptoQuant, sustained tensions in the Gulf region and escalating Ukrainian attacks on Russian refineries have kept Brent crude prices consistently above $100. High oil prices are cascading into production costs, service prices, and commodities, embedding inflation deeper into the economy. This may drag down economic growth, constrain market liquidity, and particularly pressure high-risk assets such as Bitcoin. Historical data indicates that when Brent crude enters a strong uptrend and trades above its annual average, Bitcoin's momentum typically slows; conversely, sharp declines in oil prices often coincide with Bitcoin rallies. Oil prices saw a brief dip in July, benefiting Bitcoin, but Brent has since staged a strong rebound. Darkfost noted that there is no simple causal relationship between the two; rather, it is the economic environment driven by high oil prices that poses headwinds for risk assets. Although liquidity could rotate across different markets and continue to support Bitcoin's upside, current macroeconomic conditions are unfavorable for fresh liquidity inflows.
On-chain analyst PeckShield (@PeckShieldAlert) has tracked an address flagged as the Cysic attacker depositing 300 ETH (approximately $721,140) and 30.4 BNB (approximately $22,590) into Tornado Cash. According to the Cysic Foundation, a security incident involving the Cysic cross-chain bridge occurred on October 17, during which the attacker minted 10 million CYS tokens without authorization on the BNB Chain.
According to monitoring by on-chain analyst Onchain Lens, a Bitcoin whale deposited 949.7 BTC (approximately $77.55 million) to Binance and Deribit, likely for sale. Additionally, the whale transferred another ~4,150 BTC (worth approximately $337.7 million) to its own wallet, which had previously moved funds to exchanges.
According to on-chain analytics platform Lookonchain, kimchi received 500 million $kimchi today and posted about the token, which was subsequently retweeted by Pump.fun co-founder alon. Alon later retracted the retweet, and kimchi also deleted the post. The market capitalization of $kimchi briefly surged to $14 million before plunging by over 95%. Lookonchain reported that scammers used multiple wallets to buy $kimchi at low prices and subsequently sold them, netting cumulative profits exceeding $385,000.
According to reports by Korean media outlet Digital Asset, the Second Division of the Seoul Administrative Court held its first hearing on Oct. 22 regarding the administrative lawsuit between Bithumb and Korea's Financial Intelligence Unit (FIU). The FIU found that Bithumb conducted 45,772 transfers with 18 unregistered crypto asset operators between August 28, 2022, and April 3, 2025, and accordingly issued penalties, which included a partial suspension restricting new customers from transferring crypto assets externally for six months. Bithumb stated during the hearing that transfers of 1 million KRW or above are subject to the "travel rule," and since unregistered operators have been removed from the list of eligible exchanges, there were zero non-compliant outbound transfers in that tier. Transfers under 1 million KRW were not covered by the travel rule at the time; thus, the platform had no legal basis to demand that customers provide recipient exchange details, nor did regulators specify clear blocking protocols. Bithumb also noted that after implementing the Chainalysis API, only about 2% of initially unverifiable addresses were later identified as FIU-designated unregistered operators. Enforcing blanket blocks would disrupt the remaining 98% of legitimate transactions, potentially exposing the platform to customer compensation claims. Bithumb further argued that the six-month penalty is excessively severe and practically amounts to banning the platform from acquiring new customers. The company also challenged the FIU's criteria for classifying overseas operators and the grounds for the...
According to monitoring by on-chain analytics platform Lookonchain, kimchi removed Pump.fun from their profile after two days. Over this two-day period, Pump.fun’s revenue dropped from $1.61 million to $1.35 million, a decline of approximately 16%, while the number of active addresses fell from 178,539 to 159,492, representing an approximate 11% decrease. Lookonchain noted that kimchi may have already received 1.35 billion PUMP tokens (approximately $6.25 million) in marketing fees. Data sourced from DefiLlama. It should be noted that this claim and any purported causal relationship with the platform’s data decline remain unconfirmed.
According to data released by Trader T (@thepfund), Ethereum spot ETFs recorded a net outflow of $110.58 million yesterday. BlackRock's ETHA saw a net outflow of $75.5 million, BlackRock's staked ETF (ETHB) had a net outflow of $17.2 million, Grayscale's Mini ETH had a net outflow of $10.69 million, and Grayscale's ETHE had a net outflow of $9.56 million. Fidelity's FETH had a net inflow of $2.37 million, while the net flows for the remaining listed funds were zero.
According to data released by Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $635.54 million yesterday. Among them, BlackRock's IBIT saw a net outflow of $254.1 million, Fidelity's FBTC had a net outflow of $217.46 million, ARK's ARKB recorded a net outflow of $109.43 million, Grayscale's GBTC posted a net outflow of $29.53 million, and Bitwise's BITB experienced a net outflow of $27.35 million. Morgan Stanley's MSBT saw a net inflow of $2.33 million, while net flows for the remaining listed funds were zero.
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address spent $144,000 to buy Kimchi, losing $88,000 within two days, with assets shrinking by 61.31%. It still holds the vast majority of the tokens.
According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0xa4c…F02D0 deposited 3,000 ETH (approximately $7.23 million) to Kraken 10 hours ago. The position building timeline, funding source, and deposit method of this address align with previously tracked early ETH holders, indicating it likely belongs to the same whale or entity. If verified, the entity has reportedly sold 6,000 ETH since August 2025, valued at approximately $15.85 million, with an average entry price of $2,642.42 per ETH, yielding a return of over 139 times and estimated total profits exceeding $15.74 million.
Fundstrat co-founder and Bitmine chairman Thomas Lee (@fundstrat) posted that "everyone is being too pessimistic right now." He previously noted after speaking with technical analyst Mark Newton on CNBC's Closing Bell that tech stocks appear to be essentially hitting support levels.
Odaily Report: Fidelity Digital Assets research analyst Zack Wainwright noted in an analysis published on October 20 that preferred stock financing oriented toward Bitcoin could attract capital from the approximately $15 trillion global fixed income market. Fidelity estimates that the size of this type of preferred stock is approximately $12 billion.As of October 5, preferred stock financing has supported the purchase of 135,979 BTC, of which more than 95,000 were purchased between March and May. Fidelity estimates that nearly 96% of Bitcoin's maximum supply has been issued, and the next halving is expected in less than two years.Bitcoin treasury company Strive Inc. completed a 15% Series A Perpetual SATS Preferred Stock offering on October 20, selling 7 million shares at $90 per share for total proceeds of $630 million; the dividend rate is calculated on a $100 par value and is 15% annualized.Bitcoin treasury company Strategy Inc. disclosed that it holds 848,517 BTC and purchased 267 BTC the previous week for $22.1 million, using proceeds from common stock issuance and cash. Fidelity noted that the performance of related instruments is affected by both Bitcoin and the issuing company. (Bitcoin.com News)
Odaily reports: According to monitoring by on-chain analyst Yu Jin, a certain address opened long positions in SOXL twice within 4 hours and was liquidated both times. Last night at 11 PM, the address opened a long position in SOXL worth $5.42 million, and was liquidated in less than 1 minute, losing $316,000. At 1 AM today, the address again opened a long position in SOXL worth $4.97 million, and was liquidated 2 hours later, losing $270,000. Just 2 minutes after the second liquidation, the address continued to open a long position in SOXL worth $2.22 million, and this position has not yet been liquidated.
According to The Block, JPMorgan analysts including Nikolaos Panigirtzoglou stated in Wednesday's report that recent actions by U.S. regulators are partially offsetting the adverse impact of the Senate's failure to advance the Clarity Act, but until a crypto market structure bill is enacted, the political and legal risk premium will persist. Analysts note that regulator-driven measures could encourage institutional participation in the short term, but only legislation can ensure a more durable regulatory framework. If the Democratic Party wins the White House, existing regulatory measures could be overturned within as little as two years. The bill is unlikely to pass this year and may instead be put back on the agenda in 2027.
Multiple geopolitical and fiscal risks drive capital into US Treasuries, with the 10-year Treasury yield plunging 19.3 basis points in a single day, marking the largest daily move since March 2023.
Odaily reports: According to Onchain Lens monitoring, Dragonfly Capital (0xF70...3a5) transferred 30,000 hyperliquid to FalconX, worth $2.33 million, possibly for over-the-counter sale. One month ago, this address transferred 41,400 hyperliquid to FalconX, worth $3.21 million. It currently still holds 296,100 hyperliquid, worth $22.96 million.
Odaily reports: Prediction market operator Underdog has partnered with crypto infrastructure provider zerohash, planning to support cryptocurrency and stablecoin deposits later this year. Eligible users will be able to deposit supported digital assets directly through the Underdog app, with the service supporting around-the-clock near-instant transfers.Underdog has not yet disclosed which specific cryptocurrencies or stablecoins will be supported. The new deposit method will complement debit cards, credit cards, Apple Pay, and bank transfers, eliminating the need for users to manage wallet addresses or select blockchain networks.Founded in 2020, Underdog currently has over 11 million registered accounts. IG Group has agreed to acquire the company for up to $1.3 billion, with the deal expected to close in late 2026 or early 2027; in the 30 days ending October 21, Underdog's trading volume reached $1.4 billion, up 133% from the previous period. (Cointelegraph)
Traders' bets on the Federal Reserve raising rates by year-end are cooling off, no longer fully pricing in that possibility.
Odaily reports: According to Onchain Lens monitoring, BlackRock purchased $46.59 million worth of Bitcoin and Ethereum. Its ETF wallets received 384.77 BTC, worth $31.4 million, from Coinbase Prime, and received 6,334 ETH, worth $15.19 million. Previously, BlackRock transferred 18,098 ETH, worth $43.6 million, to Coinbase Prime through the ETHA and ETHB ETF wallets.