News linked to this event type.
Odaily reports: Coinbase CEO Brian Armstrong posted on X that after fine-tuning the open-weight model Qwen3.5-9B using Coinbase's internal proprietary data, the model surpassed frontier large models in the specific task of fraud prevention, while significantly reducing costs and running faster.Armstrong believes that in the future, enterprises will increasingly adopt the approach of fine-tuning specialized models for specific tasks, and specialized models are expected to surpass general-purpose frontier models in certain niche tasks. Currently, Coinbase has integrated a model fine-tuning Skill into its internal AI tool framework, allowing employees to initiate the model fine-tuning and deployment process through simple instructions. He also predicts that in the future, some backend services may be completely replaced by this new architecture.
According to official statements, hardware wallet manufacturer Ledger has released a 72-hour update regarding the security incident involving Southeast Asian distributor CryptoBilis. Ledger stated that it is currently cooperating with relevant law enforcement agencies, noting that the number of affected devices is limited and that its internal systems and official direct sales channels remain unaffected. To date, all confirmed cases linked to the disclosed fund theft incidents involve devices sold through distributor CryptoBilis; CryptoBilis has confirmed that it has ceased sales of all hardware wallets.
Odaily News: The XRP Ledger Foundation posted on the X platform to clarify the recent XRP Ledger security vulnerability incident, stating that the vulnerability could potentially have been used to bypass the limit that fixes XRP's total supply at 100 billion, but it was fixed two weeks ago via version 3.4.1. Furthermore, upon verification, no new XRP was found to have been created, and the total amount of XRP currently circulating on the ledger is approximately 99.986 billion.The Foundation stated that the vulnerability would have required hundreds of deliberately constructed operations to trigger, and normal payment transactions would almost never involve it. In the future, it will strengthen formal verification, AI adversarial testing, security research collaboration, and bug bounty programs with RippleX and the community. Regarding the fix process, the Foundation explained that publicly releasing a patch could allow attackers to use AI to accelerate vulnerability analysis. To address this situation, the XRPL community engaged in coordination. Participating parties including the XRP Ledger Foundation, RippleX, core developers, and validators reached a social consensus and agreed to adopt the approach of directly releasing the fix. In addition, version 3.4.1 only became a version the network was required to adopt after going through the normal amendment voting process and receiving support from more than 80% of validators for two consecutive weeks. Protocol changes still need to be completed through the amendment mechanism.Previously, RippleX engineering lead J. Ayo Akinyele also posted on the X platform, stating that he attaches great importance to the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine. This vulnerability is a serious security issue that has existed in the codebase for more than 10 years and could theoretically lead to the over-creation of XRP, breaking through the fixed supply cap. However, before the vulnerability could be exploited, it was discovered by the security research firm Veria AI through Ripple's bug bounty program.
According to Odaily, billionaire Adam Weitsman posted on X platform that he purchased 117 Pudgy Penguins NFTs on-chain this weekend. Adam Weitsman stated that Pudgy Penguins is one of his favorite NFT collections, and he hopes this purchase will support the project, adding that "the penguin community will continue to stay strong."
This issue's futures highlights cover a slight rise in shipping indices, the implementation of coke price cuts, and rising iron ore inventories. It also covers downward revisions to China's soybean production, detailed regulations on sugar import quotas, and Malaysia's edible oil subsidy policy.
Arthur Hayes posted on X that he received cellular medicine services through VeritaHealthHQ during Token2049 and shared the development approach of FLOP Labs. He has now returned to work, and the FLOP Testnet will go live in a few weeks.
Trump stated that Russia and Ukraine have agreed to immediately halt attacks on each other's energy facilities, but the details of the agreement have not been disclosed and Russia has not confirmed it. While Zelenskyy expressed support for a ceasefire, he also noted that Russian forces continue to strike Ukrainian energy facilities.
On October 12, as the Middle East conflict continued to intensify, Houthi forces admitted to attacking airports in Riyadh and Dammam, Saudi Arabia. Iran warned that if hostilities resume, it will strike key regional facilities. The International Energy Agency simultaneously called on member nations to evaluate the release of diesel reserves.
After Strategy completed a substantial buyback of STRC preferred shares in September, Chairman Michael Saylor revealed that the company "still has room" to purchase more Bitcoin. Independent analysts believe the move aims to optimize the balance sheet and build cash reserves to support future Bitcoin acquisition plans.
Odaily News: The LBTC-to-Bitcoin redemption operation on Bitcoin sidechain project Liquid Network has been suspended for 35 days. As of October 11, 2026, the project maintains an 86% support rate. Attackers previously exploited a vulnerability in the Elements software to steal nearly 4,000 Bitcoins, of which approximately 3,400 have been returned. The wallet still holds 598.5 Bitcoins, worth $49.69 million.Blockstream rejected the attackers' demand for a 10% bounty and demanded the immediate return of the remaining Bitcoin. Liquid Network stated that an independent external security audit of Elements v23.3.4 is underway, and the Liquid Federation has simultaneously updated the PAK list and placed all redemption keys in cold storage.There is currently no specific date for resuming redemption operations. Some LBTC holders have migrated funds through applications such as Sideswap and Sideshift.ai. One user reported that due to insufficient liquidity, the migration took several weeks, with spreads and fees totaling approximately 5%. (Bitcoin.com News)
PaperTrade posted on X stating that trading volume in the first 6 hours after launch exceeded stock market trading volume; one day after launch, PaperTrade has become a trading platform supporting 1000x leverage, with liquidity pool (LP) size reaching $5 million and $25 million in rewards distributed to staking users.In response to community concerns about the fair launch mechanism and BTC/ETH market manipulation, PaperTrade stated that due to the need to prevent frontend congestion and spam request attacks, small orders cannot enjoy exactly the same priority as large orders, and the team has maximized fairness within these constraints. Some users exploiting the Hyperliquid BBO mechanism to manipulate BTC/ETH was not an oversight in mechanism design, but rather resulted from opening a higher OI cap during the initial launch period to alleviate queuing pressure. As traffic has declined, the team has begun tightening position limits at both the on-chain and relay levels to reduce the profit space for manipulation.PaperTrade added that no system can completely eliminate manipulation, and the goal is to make attacks nearly unprofitable through parameter adjustments, noting that in the relevant incidents, some users ultimately returned most of their profits to the platform due to persistent manipulation attempts.
Odaily reports, according to monitoring by Bitcoin News, @0xJohannes stated that a Ledger hardware wallet purchased from an official European reseller several weeks ago was found to contain an unauthorized spy implant device. Suspicious wiring not present in genuine Ledger hardware was discovered inside the device, indicating it may have been physically tampered with before being sold. The implant appears to be an older version, as newer versions typically conceal the components behind the screen. Funds in the affected device have not been stolen thus far. Suspected cases have currently been reported in Asia, South America, and Europe. If the original secure element remains intact, Ledger's Genuine Check software cannot detect unauthorized physical modifications.
September core data for China and the U.S., including CPI, M2, and trade balances, will be released next week. ASML and TSMC will release their Q3 earnings reports on Wednesday, while Fed Chair Walsh will attend the IMF Annual Meetings and speak on Friday.
Odaily reports: Zcash full-node development team Zakura has stated that the network is expected to introduce a quantum-resistant signature opcode in January, enabling hash-based signatures for transparent payments. Zcash's transparent payments publicly display transaction information, while shielded payments hide the sender, receiver, and amount.The proposal combines address rotation with private information retrieval, allowing wallets to switch to a new address after each transaction and reduce public key exposure risk through WOTS hash-based fallback signatures. The Vizor wallet launched its private query feature this week, allowing users to enable it for testing in the settings.Zakura's proposal currently only covers Zcash transparent payments, and the network has not yet confirmed the activation time for the opcode. Ethereum researcher Justin Drake has warned that AI-driven mathematical breakthroughs could crack the relevant signatures in months rather than years; Vitalik Buterin believes it is possible that cryptographic technology could be broken within the next two years. (Decrypt)
The International Monetary Fund (IMF) noted that tokenized US stocks support 24/7 trading and fractional share ownership, with over half of trades occurring outside regular market trading hours and approximately 80% of trades involving less than 1 share.The IMF stated that overnight price movements contain valid information, with over 85% of these price changes being reflected in traditional stock prices within 5 minutes of market open.The IMF pointed out that the tokenized stock market remains relatively small and fragmented, and while it can improve settlement and automation processes, enhanced legal, liquidity, and interoperability safeguards are needed. (CoinDesk)
Odaily News: Strive CEO Matt Cole followed Michael Saylor's lead by posting a chart of the company's Bitcoin holdings on X, accompanied by the caption "Think ₿igger," hinting that BTC accumulation data may be disclosed next week.
Strategy founder and executive chairman Michael Saylor has once again posted information regarding the Bitcoin Tracker. Based on past patterns, Strategy typically discloses changes in its Bitcoin holdings the day after such announcements are released.
According to Forbes, Cloudflare announced the acquisition of Deno, a JavaScript/TypeScript runtime company. Deno founders Ryan Dahl (the inventor of Node.js) and co-founder Bert Belder will join Cloudflare alongside their entire team. The core asset of this acquisition is the open-source project celld—a distributed deployment tool that runs Workers and Durable Objects from a single Rust binary, enabling enterprises to deploy Cloudflare's serverless programming model on their own infrastructure and fundamentally resolving the long-criticized "lock-in" issue of the Workers platform. Cloudflare plans to merge celld into the open-source runtime workerd to provide complete self-hosting support. Deno has previously raised a total of $26 million in funding, with financial terms remaining undisclosed. Deno Deploy will be shut down in six months, and the Deno runtime will cease development after maintaining security updates for one year. This marks Cloudflare's second acquisition of a developer tool within four months, following its purchase of VoidZero, the company behind the Vite build tool, earlier this June.
Odaily reports: Bitcoin News posted on X that publicly listed Bitcoin mining company CleanSpark disclosed its September operational data: mining output of 529 BTC, sold 702 BTC, of which 700 BTC were sold through call option exercises and 2 BTC were sold directly on the spot market; the company holds 13,530 BTC, with an average operating hashrate of 36 EH/s and contracted power capacity of 1.8 GW. CleanSpark also disclosed that 3,475 BTC in its treasury are recorded as collateral for derivatives trading or as receivables.CleanSpark has secured $2.276 billion in financing for its Sandersville data center expansion project, with the related lease agreements expected to generate approximately $6.6 billion in contract revenue. CEO Matt Schultz stated that the financing will fully fund the project through to completion. As the business expands beyond Bitcoin mining, the company will cease publishing monthly Bitcoin mining updates and switch to quarterly disclosures.
Coldcard discovered that its official X account posted a phishing link and is investigating the cause of the breach, having previously always maintained strict security measures for the account.