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No soft fork required: StarkWare verifies quantum-safe locking scheme on Bitcoin mainnet, but it is not yet suitable for large-scale use

Starknet has published an introduction to its Quantum-Safe Bitcoin (QSB) scheme, stating that StarkWare researchers have verified a quantum-safe locking mechanism on the Bitcoin mainnet that requires no soft fork, no new opcodes, and no changes to consensus rules. The first QSB output was spent on August 26, 2026, in Bitcoin mainnet block 964,199, with the associated GPU computation cost reduced from approximately $320 to about $50. QSB builds its locking mechanism through hash computation, but each transaction still requires substantial computation, and moving assets into the scheme still requires a traditional transaction that carries quantum risk. The transaction does not comply with Bitcoin Core's default relay rules, and there is currently no accompanying wallet, address format, or recovery process. StarkWare stated that QSB is an emergency research solution, and that the long-term solution still requires the introduction of post-quantum signature mechanisms via a soft fork. Starknet's full quantum resistance also depends on the progress of Ethereum's underlying upgrades.

Dragonfly Partner Questions 'Bunker Mode': Migrating Addresses Cannot Solve the Risk of AI Cracking Cryptographic Signatures

Odaily News: Dragonfly Managing Partner Haseeb Qureshi stated that the "bunker mode" proposed by Ethereum researcher Justin Drake to address the risk of AI cracking cryptographic signatures amounts to "cryptographic doomerism," and argued that migrating tokens to new addresses is not a real solution.Qureshi said that "bunker mode" can only protect assets that users have not yet transferred out of new addresses. If tokens in other addresses are attacked and heavily sold off, those assets could still lose value. He suggested that blockchain networks adopt a "Cryptographic Recovery Mode," using hash-based backup signature schemes that allow users to bind recovery mechanisms in advance, so that validators can assist in recovering assets after cryptographic signatures are cracked.Previously, Ethereum researcher Justin Drake warned that with the rapid improvement of AI mathematical capabilities, the ECDSA signature algorithm protecting crypto wallets could face the risk of being cracked within "months rather than years," and advised users to gradually migrate funds to new wallets that have not exposed public keys. Glassnode data shows that approximately 6.26 million BTC are currently held in addresses with potential risk. (Cointelegraph)

Today, U.S. Bitcoin ETFs saw a net outflow of 3,412 BTC, and Ethereum ETFs saw a net outflow of 38,576 ETH

according to Lookonchain monitoring, today U.S. Bitcoin ETFs saw a net outflow of 3,412 BTC, with a 7-day net outflow of 6,747 BTC, while Ethereum ETFs saw a net outflow of 38,576 ETH, with a 7-day net outflow of 206,680 ETH.

Cumulative long positions of $50 million in BTC and ETH, diamondbull.eth opens a 25x ETH long position

according to on-chain analyst Ai Yi's monitoring, two addresses belonging to the same whale are accumulating long positions worth $50 million in BTC and ETH. diamondbull.eth opened a 25x long position on 11,500 ETH during the rebound, worth $28.72 million, ranking 7th among Hyperliquid ETH long positions, with a current unrealized loss of $109,000. Its funding source address samurai.eth additionally holds long positions of 200 BTC and 2,000 ETH, worth $21.58 million, with a current unrealized profit of $753,000.

Analyst: Short-term holders transferred 11,000 BTC to exchanges in the past 7 days, selling pressure down 66% from peak

Odaily reports: Analyst Axel Adler posted on X that Bitcoin short-term holders (STH) are still selling profitable Bitcoin through exchanges. Over the past 7 days, short-term holders transferred approximately 11,000 BTC to exchanges, down about 66% from the previous peak of 32,000 BTC, indicating that selling pressure has eased.

Losses Exceed $86 Million: Ledger User Wallet Theft Incident Involves Hundreds of Victim Wallets

Odaily News: According to on-chain detective Specter, multiple reports of Ledger user wallet thefts have appeared on X and Reddit. After tracing the theft addresses, it was found that the related addresses received inflows of funds from hundreds of victim wallets across multiple major blockchains including Ethereum, TRON, and Bitcoin, with total losses exceeding $86 million. The related addresses include: bc1qjqgwejnp8dc0x2938x9n9954hj97t82unx49dl, TK6DWNpNe1w2iJRNFpU8aHdrPTATxvXT6C, TBkcUMYC7CkTK99tkTnaStQVBastfrs9d9, TCGE3xp6YGRKXxDZiLfysgJW3f22KfMNsW, 0x69c8f401cfc6cd40ac94691d6d7c48e3b7a47841, 0x033636e45d519bebb7b5c2520ca6ce56fbdb4f7a, 0x83aeac166f6832ae3500000a24510a95a052a599, bc1qqnkwurxs99xkx5t4yffqhq3u6qwy0qpjyujtm9, bc1qgqheemzla77pesl227hdtgf5ykz62d0zvld26n, TSDWtuZ2pARUVz4v3PkL2hi3iXPjowAr5a.

Total losses reach $38.16 million, rollover trader AguilaTrades' short position stopped out with an additional $250K loss

Odaily reports: According to on-chain analyst Ember, as BTC rebounded past $83,000, well-known rollover trader AguilaTrades (0x1f25...f925)'s short position was forced to stop out, resulting in a $250K loss. AguilaTrades had not opened any positions for the previous 14 months. After opening this time, yesterday's long position lost $300K, and the subsequent short position lost another $250K. Their $700K principal dropped to $150K within a single day, bringing total losses to $38.16 million.

Holding $320 Million in Long Positions, Hyperliquid's Biggest Long Whale Has Made $117 Million in Cumulative Profits This Year

Odaily News — According to on-chain analyst Yu Jin's monitoring, Hyperliquid's biggest long whale currently holds $320 million in long positions across 10 addresses, with unrealized profits of $8.77 million. The positions include 1,400 BTC and 82,000 ETH, with an average entry price of $75,967 for the BTC longs and $2,493 for the ETH longs. This entity primarily goes long on BTC and ETH, and has accumulated $117 million in profits this year through multiple rounds of long positions.

Analyst: Binance Ethereum Reserves Hit 6-Month Low, Single-Day Withdrawal Transactions Hit Record High

CryptoQuant analyst Darkfost stated that the cryptocurrency market has recently entered a short-term correction phase, with the total market capitalization of altcoins excluding Bitcoin (Total2) shrinking by over $110 billion within three days; Ethereum (ETH) alone fell by 11%, erasing more than $38 billion in market value. Despite the price pullback, investors continue to accumulate and withdraw Ethereum. During this period, ETH reserves on Binance dropped from 3.57 million coins to 3.47 million coins, reaching a six-month low—a decrease of nearly 11.5% compared to the 3.92 million coins held in August. Meanwhile, withdrawal activity on the Binance platform surged significantly, with over 320,000 ETH withdrawal transactions recorded on October 6 alone, setting a new all-time high.

Analyst: Historical average drawdown in Bitcoin bull markets is 14.39%. If further pullback occurs, $74,500 could become a key reference level.

CryptoQuant analyst MAC_D stated in a post that BTC's average drawdown during bull market cycles can serve as a reference for the current price correction. Data shows that the average drawdown across the prior five bull market cycles was 14.39%, while the drawdown for the 2022-2025 cycle was relatively modest, at approximately 7.58%.

Bitget Launches Dual CandyBomb Campaign: Trade to Unlock BTC and rSNDK Airdrops

Odaily News: Bitget has launched a dual CandyBomb campaign, running from October 9 at 18:00 to October 19 at 18:00 (UTC+8). Details are as follows:Exclusive for new futures users: Complete designated net deposit and futures trading tasks to share a prize pool of 0.2 BTC, with a maximum of 0.002 BTC per person;Exclusive for new TradFi futures users: Trade designated contracts such as SanDisk and Micron to share a prize pool of 8 rSNDK, with a maximum of 0.08 rSNDK per person.

MARA Holdings Sells 996 Bitcoin Worth $81.13 Million

According to Lookonchain monitoring, MARA Holdings (@MARA) also sold 996 Bitcoin, worth $81.13 million.

AguilaTrades, a rolling position trader, lost money on both long and short positions: a $16.48 million Bitcoin short position is now down $150,000.

Odaily News: Rolling position trader AguilaTrades went long on Bitcoin yesterday at $82,823, then closed the position at a stop loss of $81,940, losing $300,000. In the early hours of this morning, he opened a short position on 200 BTC at $81,743, with a notional value of $16.48 million, and is currently down $150,000 on paper; of his $700,000 principal, only $250,000 remains.

Yesterday, Bitcoin spot ETFs saw a net outflow of $244.1 million.

According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $244.1 million yesterday. Fidelity FBTC posted the largest outflow at $197.1 million for the day, followed by Ark ARKB with $20.29 million outflows, Bitwise BITB with $17.71 million outflows, BlackRock IBIT with $5.5 million outflows, and Grayscale GBTC with $8.2 million outflows. Only Franklin EZBC recorded a net inflow of $4.71 million.

Armed Robbery in Pattaya, Thailand: Three Gunmen Force Chinese National to Transfer $820,000 in Cryptocurrency

Odaily News: An armed robbery occurred at a luxury residence near Pattaya, Thailand, where three armed individuals broke into a gated community and took control of a Chinese national holding Turkish citizenship, forcing him to open a safe and hand over cash and 3 luxury watches.The attackers also forced the victim at gunpoint to transfer $820,000 worth of cryptocurrency to one of their wallets, which was immediately sold afterward. After escaping, the victim reported the incident to the police, who have not yet confirmed the nationalities of the three suspects.Police Region 2 has launched an investigation and identified the getaway vehicle through surveillance footage; the vehicle was later abandoned in a remote area. Police are tracking the sold digital assets to identify the relevant accounts and recover the funds. Chainalysis estimates that over $30 million in cryptocurrency has been stolen in such violent robberies in the first half of 2026. (Bitcoin.com News)

"Setting Ten Major Goals First": BTC Will Start Reducing Positions If It Falls Below $79,000, and All Long Positions Will Be Closed If the Daily Close Breaks Below $78,000

the whale "Setting Ten Major Goals First" posted on X, stating that although recent macro bearish factors such as rising U.S. Treasury yields, strengthened rate hike expectations, and rising oil prices have emerged in concentration, BTC only pulled back by about 5%. Therefore, he believes the market is still in a relatively strong trend and does not currently think BTC will directly fall to $78,000 or $74,000. However, he also mentioned that he has already set stop-loss conditions: if BTC falls below $79,000, he will begin reducing positions; if the daily close breaks below $78,000, he will close all remaining long positions.

$19.31 million worth: Fishpool co-founder Wang Chun's address sold 235.5 WBTC for 7,848.5 ETH

Odaily News: According to on-chain analyst Ember monitoring, after the early morning decline, Fishpool co-founder Wang Chun's address (0xF42...2b51) sold 235.5 WBTC on-chain, worth $19.31 million, and exchanged it for 7,848.5 ETH. The ETH price was $2,460, and the ETH/BTC exchange rate was 0.03.

Glassnode: Approximately 6.26 million BTC are held in addresses with revealed public keys, accounting for 31.2% of the supply.

According to Rafael (@n3ocortex), co-founder of the on-chain analytics platform Glassnode, public keys for approximately 6.26M BTC (31.2% of total supply) are now publicly visible on-chain, marking a further rise from 24.8% in early 2021 and returning to 2016 levels. Specifically, address reuse has led to the exposure of public keys for 4.33M BTC, with an additional 1.71M BTC exposed due to P2PK script types (including 1.10M BTC attributed to Satoshi Nakamoto), and 222K BTC exposed via Taproot addresses. At the institutional level, exchanges collectively hold 1.79M BTC with visible public keys, with exposure rates varying significantly across platforms: 10% for Coinbase, 83% for Binance, and 100% for Bitfinex; 49% for Grayscale, 99% for Revolut, and 100% for Robinhood. Fidelity accounts for just 2%, while the exposure rate for holdings by the US, UK, and Salvadoran governments remains at 0%.

A whale holding $288 million in long positions was liquidated on 28,720 ETH, then added $10 million in margin to continue opening longs

Odaily News: According to on-chain analyst Ember, a whale previously held long positions worth $352 million. When the ETH price dropped to $2,420 in the early morning, its long position of 28,720 ETH was liquidated, resulting in a loss of $4.48 million. Half an hour after the liquidation, the whale deposited 10 million USDC in margin and reopened a long position of 9,580 ETH at $2,428, worth $23.26 million.Currently, the whale holds long positions worth $288 million, with an unrealized loss of $9.71 million, including 78,950 ETH worth $195 million, with liquidation prices between $2,286 and $2,299; and 1,140 BTC worth $93.31 million, with liquidation prices between $72,198 and $74,379.

Bitcoin Fast Deposit and Withdrawal Channel Goes Live as WhiteBIT Integrates Lightning Network

Swiss cryptocurrency exchange WhiteBIT has announced its integration of the Lightning Network, enabling users to deposit and withdraw Bitcoin through the network, with a deposit fee of 0.25% and a withdrawal fee of 0.15%. The feature is powered by Bitcoin infrastructure service provider Voltage, and users can complete transactions via QR codes or payment information.