News Heat Trend
Progress in Qian Zhimin’s 40-Billion-Yuan Illegal Fundraising Case: Prosecutors Apply to Confiscate Over 61,800 Bitcoins and Other Assets, Court Has Accepted the Application
According to The Paper, the case of Qian Zhimin, involving over 40 billion yuan in illegal fund-raising and more than 60,000 bitcoins, has seen new progress in China's judicial proceedings. On October 13, the Second Intermediate People's Court of Tianjin Municipality announced that it accepted the case on September 28 concerning an application by the Second Branch of the Tianjin Municipal People's Procuratorate to confiscate the illegal proceeds of criminal suspect Qian Zhimin. The assets targeted for confiscation include 61,896.41552945 bitcoins, 72,745.79502 Bitcoin Cash, 72,745.78555 Bitcoin Gold, 72,745.7845 Bitcoin SV, 3,605,989.9995 Ripple (XRP), 70,081,208.62553222 Dogecoin, as well as cash, jewelry, financial assets, and other items.
Bonk Guy: USELESS Trading Volume Has Approached DOGE, but Market Cap Gap Is About 72x
Odaily Report: Bonk Guy posted on X platform stating that he is long-term bullish on USELESS becoming the next-generation representative Meme coin similar to DOGE and PEPE, mainly based on the token's trading data performance. USELESS's trading volume on Coinbase has surpassed DOGE, its trading volume on European exchange Bitvavo is close to 3 times that of DOGE, and its trading volume on Kraken is also approaching DOGE.Meanwhile, Bonk Guy stated that apart from USELESS and DOGE, no other Meme coins appear among the top 50 crypto assets by trading volume on the aforementioned three exchanges. USELESS currently has a market cap of approximately $186 million, while DOGE has a market cap of approximately $13.4 billion, a difference of about 72x between the two. Bonk Guy believes that USELESS continues to demonstrate trading activity and liquidity approaching DOGE on multiple mainstream trading platforms, but there remains a significant valuation gap.
Ansem: Meme coins are capturing internet attention; the next phase requires exploring long-term value
Ansem posted on X platform, stating that Meme coins like Dogecoin attract a large number of buyers because they bring in investors who would not normally participate in the stock market. These individuals may not purchase traditional financial assets, but they are willing to buy Meme coins associated with familiar figures and tokens tied to their own internet cultural identity. At the same time, when a Meme coin becomes large enough and sufficiently liquid, it also attracts participation from major funds and trading institutions. Ansem also noted that older generations of investors dislike Meme coins because they cannot understand the strong connection younger generations have with internet memes, culture, and content. However, the crypto industry is unique because tokenization is one of the few ways people can invest and speculate on these socio-cultural trends. The real breakthrough in the next phase lies in how to channel the attention and capital momentum brought by retail speculators into assets that not only rely on Meme hype but also generate long-term value.
a16z Leads Special’s Funding Round; Former DOGE Team Bets on AI-Driven M&A Cost Reduction
According to Tech in Asia, Special, an AI-powered M&A firm co-founded by Nate Cavanaugh and Justin Fox—both former staff members of the U.S. government’s Department of Government Efficiency (DOGE)—has announced a funding round of undisclosed amount, led by Andreessen Horowitz (a16z). Investors include Antonio Gracias, founder of Valor Equity Partners; Anthony Armstrong, former CFO of xAI; Brian Armstrong, CEO of Coinbase Global; and Shyam Sankar, CTO of Palantir Technologies. Special plans to acquire service-based businesses by automating workflows with AI to reduce costs, and has already reached an agreement to acquire a Texas-based healthcare company, which will be integrated into Figure Health—the company’s business line focused on aging populations.
Musk says "most cryptocurrencies are scams" during OpenAI trial testimony, drawing market attention once again
during his trial testimony against OpenAI, Elon Musk stated, “Some cryptocurrency has value, but most of it is a scam.” The remarks came during cross-examination at the Oakland, California court, where the case involved OpenAI’s early consideration of raising funds through an ICO (Initial Coin Offering).According to reports, Musk’s response to relevant questions during the trial pointed to widespread speculation and fraudulent activities in the crypto asset space, drawing market attention.Notably, Musk’s stance on the crypto market has long shown significant volatility: during the 2021 bull market, he pushed Tesla to purchase approximately $1.5 billion worth of Bitcoin and publicly mentioned Dogecoin on multiple occasions, driving substantial price surges for related assets. However, Tesla reduced its Bitcoin holdings by 75% in 2022 and booked an impairment loss of approximately $222 million on its remaining holdings in the first quarter of 2026. According to the latest financial report, it still holds approximately 11,509 Bitcoins, with a book value of around $786 million. (Fortune)
Bonk Guy: USELESS Remains Strong Amid Broad Market Selloff, Could Become the Next DOGE or SHIB
Odaily reports: Crypto trader Bonk Guy posted on X that, with the CLARITY Act failing to pass and the broader crypto market under pressure, USELESS has continued to show notable relative strength, outperforming BTC, SOL, DOGE, and PEPE across multiple timeframes.Bonk Guy reiterated that he believes USELESS has the potential to become a gainer similar to DOGE and SHIB, calling it "the meme coin of this cycle."According to GMGN data, USELESS currently has a market cap of $217 million, with a 24H gain of over 10%.
Bitcoin Volatility Hits New Cycle Low, Analysts Warn "Low Volatility Does Not Equal Low Risk"
According to CoinDesk, Bitcoin's 30-day implied volatility has fallen to the 36% long-term support bottom, with prices trading in a narrow range below $65,000. Adam Haeems, Head of Asset Management at Tesseract Group, warned that in a low-volatility environment, declining trading costs actually attract traders to establish large-scale directional bets and hedge positions. Once the market breaks through key levels, market makers' passive hedging will accelerate price volatility, leading to a mean-reverting rebound in volatility. Regarding market sentiment, Paul Howard, Senior Director at Wincent, pointed out that current demand for put options has significantly weakened, but call option buying is also absent—Glassnode describes this as "no one is paying for upside, and no one is paying for downside," believing this is typically a signal that the market is approaching a cycle bottom. The divergence in price trends between DOGE and BTC also confirms the continued absence of speculative sentiment. Howard stated that the next significant catalyst could be institutional ETF fund inflows driven by positive regulatory developments such as the Clarity Act, while a breakdown in Strait of Hormuz negotiations and inflation shocks constitute major downside risks.
Musk: AI Could Surpass Total Human Intelligence Within 5 Years, Admits to “Getting Carried Away” with Politics
Elon Musk recently gave an interview to Zanny Minton Beddoes, Editor-in-Chief of The Economist, discussing topics including super-intelligent AI, politics, and AI regulation.Musk predicted that artificial intelligence would surpass the combined intelligence of all human beings within the next 5 years or so, stating that AI would then outperform humans in almost every field, except for “being human itself.” He believes AI has the potential to bring about an “unprecedented era of abundance,” allowing people to obtain almost anything they desire.Regarding AI risks, Musk reiterated his previous assessment that there is roughly a 10% to 20% probability of AI leading to human extinction. However, he noted that as the development of AI and robotics technology has become irreversible, he has accepted this reality. He described his current attitude as “enjoying the ride,” adding that even if a “pause button” existed, it might not necessarily be pushed.Musk admitted he has been “a bit too invested in politics, even a little carried away.” Nevertheless, he defended his previous work pushing for the Department of Government Efficiency (DOGE) to cut fiscal spending, stating that his goal was to reduce government waste and fraudulent expenditures.On AI governance, Musk suggested that major AI labs such as OpenAI, xAI, and Anthropic should hold regular safety meetings to mutually assess potential risks before releasing new models. He believes that competitors are better positioned than governments to identify problems in each other's models.Additionally, Musk once again criticized OpenAI for transitioning from a non-profit organization to a closed-source for-profit company, and reiterated his dissatisfaction with OpenAI CEO Sam Altman. At the same time, he praised Anthropic co-founder and CEO Dario Amodei, calling him “a man of great principle,” and stated that if necessary, AI companies should “put aside personal grievances and cooperate for the good of the world.”During the interview, Musk also insisted that budget cuts to the United States Agency for International Development (USAID) “did not cause any deaths” and denied related criticisms, prompting questions from the interviewer. (BusinessInsider)
SEC Launches ETF Rule Review, Focusing on Crypto Funds and Prediction Market ETFs
the U.S. SEC stated on Tuesday that it is publicly seeking comments on the regulatory approach for "novel ETFs," evaluating whether existing fund registration and listing processes need adjustments. This review comes amid the rapid expansion of crypto ETFs and an increase in applications for prediction market-related ETFs.SEC Chairman Paul Atkins said the regulator wants to hear market opinions to ensure that the U.S. ETF market can effectively serve investors while continuing to grow and innovate. Since Atkins took over as SEC Chairman in April 2025, the SEC has approved multiple crypto ETFs beyond Bitcoin and Ethereum, including products tracking assets like SOL and DOGE.Currently, market attention is shifting towards prediction market ETFs linked to political and economic outcomes. The SEC has not yet approved such funds for listing and trading and has delayed several related applications. Atkins previously stated that the SEC will evaluate these products in a "transparent and prudent" manner.In this request for comment, the SEC is asking whether a standardized listing framework should be established for ETFs meeting specific criteria and whether certain novel ETFs need to register as investment companies. TD Cowen analysts believe that this request for comment could potentially lead to rule changes as early as 2027, allowing the SEC to permit a wider range of ETF types, including products based on event contracts, crypto assets, and single-stock strategies. (The Block)
T. Rowe Price Multi-Asset Crypto ETF Approved by SEC, Can Include Up to 15 Crypto Assets
the actively managed crypto ETF launched by T. Rowe Price was approved by the U.S. SEC on June 12, 2026, marking a key step toward its listing on NYSE Arca. Although the product has not yet begun trading, it is close to being officially opened to investors.The ETF plans to allocate between 5 and 15 crypto assets. The current draft shows it will cover major assets such as Bitcoin (BTC), Ethereum (ETH), Solana, and XRP, along with highly volatile tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), reflecting a strategy to expand into a broader digital asset portfolio. The approval process accelerated since April 2026, during which T. Rowe Price submitted multiple revised proposals. The SEC formally approved the second amended filing on June 12, indicating growing regulatory acceptance of multi-asset crypto ETF structures.Market analysts believe that if the product successfully launches, it will further expand institutional investors' compliant exposure to diversified crypto assets and could set a regulatory precedent for more actively managed multi-currency crypto ETFs in the future. (intellectia)
Kalshi applies to launch perpetual futures for 12 tokens including Ethereum, XRP, Solana, and Dogecoin
Prediction market platform Kalshi has submitted a self-certification application to launch derivatives linked to Ethereum, XRP, Solana, Dogecoin, Stellar, Chainlink, Bitcoin Cash, Litecoin, Sui, Shiba Inu, Polkadot, and Hedera. This follows the CFTC's approval of Bitcoin perpetual futures last Friday. The CFTC stated that perpetual futures products that US companies intend to list, other than Bitcoin, will be reviewed on a case-by-case basis, and noted that the design of such derivatives may not be suitable for all asset classes. Therefore, this batch of products submitted by Kalshi has not yet been approved.
SlowMist: Udesk Customer Service Script Infected with Malicious Code, Can Steal User Session Data and Replace Deposit Addresses
According to SlowMist, its security personnel discovered during routine threat intelligence monitoring that the Udesk customer service system-related script udeskApi.2026-10-16.cached.js has been implanted with a malicious loader. The loader hides the address using hexadecimal encoding and asynchronously loads the remote script deeps.js (originating from udeskqlobal[.]com; note that the domain starts with the letter 'q'). This script reads page-accessible Cookie, localStorage, and sessionStorage data, intercepts form submissions and login/authentication requests, and sends the data to udeskqlobal[.]com/c.php, enabling attackers to hijack sessions or take over accounts. This data collection behavior is not restricted by target site policies, and unmatched pages may also be affected. According to SlowMist's analysis, the script also targets three categories of sites: mgbx[.]com, bikingex[.], and bitxex[.]io. It scans deposit pages every 200 milliseconds and replaces recognized deposit addresses with preset BTC, EVM, TRON, Solana, LTC, and DOGE addresses. Additionally, by wrapping the Clipboard API, replacing copy buttons, and intercepting copy events, the script ensures users only see and copy tampered addresses. If users transfer funds to these addresses, the assets will flow into the attacker's wallet.
Bonk Guy: Lost millions more to overtrading after the October 10 market crash; traders should learn to wait for market opportunities
Odaily reports: Trader Bonk Guy posted on X reflecting on his trading experience, stating that on October 10, 2025, due to a systemic failure at a major centralized exchange, he suffered an eight-figure USD loss within minutes, marking the largest single-day loss of his career. He said that in the weeks and months that followed, driven by the urge to recover losses and prove his trading ability, he fell into overtrading and lost millions of dollars more.Bonk Guy pointed out that trading skill, experience, and a mature trading system are not enough to guarantee consistent profitability—trading performance also depends on market conditions, timing, and luck. Strategies that generate massive returns in a bull market may not work in a bear market. Citing the 2021 Meme coin rallies in DOGE and SHIB, as well as the 2024 to early 2025 surges in tokens like WIF, POPCAT, and FARTCOIN, he emphasized that trading opportunities tend to cluster in specific market phases.He believes that one of the most important abilities a trader can develop is recognizing when their edge has disappeared. Over a sufficiently long time horizon, consistently outperforming the market is nearly impossible. Therefore, being able to exit gracefully when things go wrong and wait for the next opportunity is the wisest choice.Finally, he concluded that the goal of trading is not to always stay active, but to seize opportunities during market windows where you truly have an edge—and to have the discipline to do nothing when participation isn't worthwhile.
A trader on Aster secured over $6.4 million in profit, maintaining $24.6 million in short positions with a 100% win rate.
According to Lookonchain, as the cryptocurrency market continues to decline, a large short trader on the decentralized exchange Aster with address 0xDD6A has accumulated over $6.4 million in realized gains. Currently, the trader holds 20x short positions in BTC, ETH, SOL, XRP, and DOGE, with a total position size of $24.6 million, maintaining a 100% win rate across these positions.
Bonk Guy: MARSCOIN May See a Strong Q4 Rally, Musk + CZ Narrative Becomes Key Highlight
well-known trader Bonk Guy posted that MARSCOIN's current price action is "very clean," and predicted it may see a significant rally in Q4, adding that its fundamentals are also improving. According to the analyst, as BNB and BNB Chain gain greater influence in this cycle, MARSCOIN's "Musk + CZ" narrative has further strengthened. He noted that in the previous cycle, SHIB and DOGE market caps once surpassed $40 billion and $80 billion, respectively, while MARSCOIN this time will combine elements such as Musk, Binance founder CZ, and space rocket company SPCX. Binance has already provided support to the related ecosystem through SPCX rewards and a portion of its own trading fees, and the market may be underestimating MARSCOIN's potential performance over the next few months.
Trader: Memory Sector Consolidates Ahead of MU Earnings, BTC May Test 82K Support
In pre-market analysis, trader degentrading (@degentradingLSD) highlights the following key market signals: • Macro: The 10Y yield has risen to 5.2% and the 30Y to 5.5%, nearing historical peaks. The South Korean stock market opened down 2.5%, with the memory and semiconductor sectors (SK Hynix, Samsung, MU, SNDK) broadly declining 2%–5%. Price action is expected to remain volatile ahead of MU's earnings report. • Next-Generation Cloud Computing: Project payback periods for compute infrastructure have fallen below one year. Market perception is shifting, and rapid revaluation of the new cloud sector is anticipated. Power supply bottlenecks are also gaining prominence. • Tech Stocks: META is trading lower in pre-market. Monitor for accumulation opportunities at the $690 support level or a breakout above all-time highs. If the broader hyperscale data center sector breaks out, META, MSFT, and peers could undergo paradigm-level repricing. • Crypto Markets: Broad weakness across major and alt coins, with BTC potentially testing the $82K support level. Risk capital was freed last week by trimming TAO and DOGE, and taking profit on CRDO. Since crypto sentiment typically remains positive during KBW week, the strategy this week centers on identifying short-term bullish setups.
Analysts: Whales May Be Positioning for DOGE to Break Resistance Levels, Buying Approximately $112 Million Over the Past 96 Hours
Crypto analyst Ali posted on X that Dogecoin has reached a key resistance zone around $0.098, with roughly 28 billion DOGE previously traded near this level. Meanwhile, whales continue to accumulate. Over the past 96 hours, large holders have cumulatively purchased over 1.14 billion DOGE, valued at approximately $112 million. Ali added that whales appear to be positioning for a DOGE breakout above the current resistance level.
Grayscale launches in-kind subscription mechanism, allowing investors to exchange digital assets directly for shares in 10 of its products
Odaily reports: Grayscale has announced the launch of an in-kind investing mechanism, allowing investors to directly deliver eligible digital assets in exchange for shares in Grayscale products. Grayscale stated that this mechanism is expected to reduce the burden on investors of self-custodying assets, lower potential trade execution costs, and make digital assets easier to incorporate into traditional portfolio management. Currently, the mechanism covers 10 products, including Bitcoin Mini Trust ETF (BTC), Ethereum Staking Mini ETF (ETH), Avalanche Staking ETF (GAVA), Chainlink Trust ETF (GLNK), Dogecoin Trust ETF (GDOG), Hyperliquid Staking ETF (HYPG), Solana Staking ETF (GSOL), Sui Staking ETF (GSUI), XRP Trust ETF (GXRP), and Zcash ETF (ZCSH).
Dogecoin Foundation Supports Establishment of Dogecoin Labs, Application Network, and Merchant Payment Tools
As reported by CoinDesk, the teams behind the MyDoge wallet, DogeOS app network, and merchant payment tool Such App will jointly establish Dogecoin Labs, aiming to expand everyday use cases for DOGE. Dogecoin Labs will partner with the Dogecoin Foundation and oversee operations for MyDoge, DogeOS, and Such App, with MyDoge and DogeOS founder Jordan Jefferson appointed as CEO.
Dogecoin Labs Officially Launches to Drive DOGE Expansion into Payments and DeFi Applications
Odaily reports: With the support of the Dogecoin Foundation, Dogecoin Labs has officially been established, integrating the MyDoge wallet, the DogeOS application platform, and the Such App payment product into a single independent organization, with Jordan Jefferson serving as Chief Executive Officer. The organization will focus on expanding DOGE's applications in consumer-grade use cases, payments, commerce, DeFi, and gaming, among other areas, driving its use cases to extend from community culture and Meme-driven demand toward practical applications.According to the announcement, MyDoge has over 500,000 users; DogeOS launched an EVM-compatible public testnet on September 30, aimed at connecting developers with DOGE holders; Such App provides merchant payment tools, including invoicing and in-person QR code payments. The Dogecoin Foundation will continue to be responsible for ecosystem governance and open-source development. (The Block)
$2.3 Billion Outstanding Balance: Coinbase Crypto-Backed Loans Advance in Tandem with Onchain Bank Deposits
Coinbase's outstanding balance for crypto-backed loans has reached $2.3 billion, with the product launching in January 2025. Eligible users outside New York State can pledge Bitcoin to borrow USDC without selling their holdings, with loans routed through the Morpho decentralized lending protocol on the Base network. On September 22, Coinbase added fixed-rate loans through Morpho Midnight, and pledgeable assets have expanded to XRP, DOGE, ADA, and LTC. As of mid-September 2026, floating-rate loans have exceeded $1.4 billion, backed by approximately $3 billion in collateral.JPMorgan's JPMD tokenized deposits have been running on Base for institutions since mid-2026, with Citi and BNY Mellon also advancing related initiatives, and multiple UK banks planning to launch related networks in 2027.
Progress in Qian Zhimin’s 40-Billion-Yuan Illegal Fundraising Case: Prosecutors Apply to Confiscate Over 61,800 Bitcoins and Other Assets, Court Has Accepted the Application
According to The Paper, the case of Qian Zhimin, involving over 40 billion yuan in illegal fund-raising and more than 60,000 bitcoins, has seen new progress in China's judicial proceedings. On October 13, the Second Intermediate People's Court of Tianjin Municipality announced that it accepted the case on September 28 concerning an application by the Second Branch of the Tianjin Municipal People's Procuratorate to confiscate the illegal proceeds of criminal suspect Qian Zhimin. The assets targeted for confiscation include 61,896.41552945 bitcoins, 72,745.79502 Bitcoin Cash, 72,745.78555 Bitcoin Gold, 72,745.7845 Bitcoin SV, 3,605,989.9995 Ripple (XRP), 70,081,208.62553222 Dogecoin, as well as cash, jewelry, financial assets, and other items.
Court Has Accepted the Case: Prosecutors Seek Forfeiture of Over 61,800 Bitcoins and Other Assets in Qian Zhimin's 40 Billion Yuan Illegal Fundraising Case
Odaily News: On October 13, the Tianjin Second Intermediate People's Court issued an announcement stating that on September 28, the court filed and accepted a case in which the Tianjin People's Procuratorate Second Branch applied for the forfeiture of illegal gains involving criminal suspect Qian Zhimin. The case involves over 40 billion yuan in illegal fundraising and more than 61,800 bitcoins.According to the list of property subject to forfeiture published by the Tianjin Second Intermediate People's Court, the virtual currencies involved also include approximately 72,700 Bitcoin Cash, approximately 72,700 Bitcoin Gold, approximately 72,700 Bitcoin SV, approximately 3.606 million XRP, and approximately 70.0812 million Dogecoin. The aforementioned Dogecoin has been converted by UK judicial authorities and deposited into an interest-bearing account. The property subject to forfeiture also includes cash in US dollars, euros, and pounds sterling, jewelry, as well as bank balances, investment portfolios, and other assets. The Tianjin People's Procuratorate Second Branch holds that Qian Zhimin is suspected of the crime of fundraising fraud, and after fleeing and being wanted for one year has failed to appear in court. The more than 61,800 bitcoins and other property seized in the UK constitute illegal gains and their proceeds, and should be recovered in accordance with the law, with forfeiture imposed after lawful restitution to the affected fundraising participants.
Related news
SlowMist: Udesk Customer Service Script Infected with Malicious Code, Can Steal User Session Data and Replace Deposit Addresses
According to SlowMist, its security personnel discovered during routine threat intelligence monitoring that the Udesk customer service system-related script udeskApi.2026-10-16.cached.js has been implanted with a malicious loader. The loader hides the address using hexadecimal encoding and asynchronously loads the remote script deeps.js (originating from udeskqlobal[.]com; note that the domain starts with the letter 'q'). This script reads page-accessible Cookie, localStorage, and sessionStorage data, intercepts form submissions and login/authentication requests, and sends the data to udeskqlobal[.]com/c.php, enabling attackers to hijack sessions or take over accounts. This data collection behavior is not restricted by target site policies, and unmatched pages may also be affected. According to SlowMist's analysis, the script also targets three categories of sites: mgbx[.]com, bikingex[.], and bitxex[.]io. It scans deposit pages every 200 milliseconds and replaces recognized deposit addresses with preset BTC, EVM, TRON, Solana, LTC, and DOGE addresses. Additionally, by wrapping the Clipboard API, replacing copy buttons, and intercepting copy events, the script ensures users only see and copy tampered addresses. If users transfer funds to these addresses, the assets will flow into the attacker's wallet.
House of Doge undergoes leadership shake-up and terminates official Dogecoin authorization, plans to acquire McQueen Labs token platform.
According to filings with the U.S. Securities and Exchange Commission (SEC), Nasdaq-listed company House of Doge (HODO) is advancing multiple business adjustments. Former CEO Marco Margiotta and CFO Charles Park resigned on October 22, with Curtis Hopkins, CEO of McQueen Labs, stepping in as interim CEO and CFO. Regarding licensing, the Dogecoin Foundation has terminated its exclusive trademark license agreement with Nasdaq-listed House of Doge, effective October 19. House of Doge and its U.S. subsidiaries must change their names by the end of 2026 and cease using titles such as "Official Business Partner" of the Dogecoin Foundation, while related subsidiaries are also required to pay a $400,000 termination fee to the foundation. Under the new agreement, House of Doge retains non-exclusive trademark usage rights for three existing 21Shares DOGE investment products.
Bonk Guy: Lost millions more to overtrading after the October 10 market crash; traders should learn to wait for market opportunities
Odaily reports: Trader Bonk Guy posted on X reflecting on his trading experience, stating that on October 10, 2025, due to a systemic failure at a major centralized exchange, he suffered an eight-figure USD loss within minutes, marking the largest single-day loss of his career. He said that in the weeks and months that followed, driven by the urge to recover losses and prove his trading ability, he fell into overtrading and lost millions of dollars more.Bonk Guy pointed out that trading skill, experience, and a mature trading system are not enough to guarantee consistent profitability—trading performance also depends on market conditions, timing, and luck. Strategies that generate massive returns in a bull market may not work in a bear market. Citing the 2021 Meme coin rallies in DOGE and SHIB, as well as the 2024 to early 2025 surges in tokens like WIF, POPCAT, and FARTCOIN, he emphasized that trading opportunities tend to cluster in specific market phases.He believes that one of the most important abilities a trader can develop is recognizing when their edge has disappeared. Over a sufficiently long time horizon, consistently outperforming the market is nearly impossible. Therefore, being able to exit gracefully when things go wrong and wait for the next opportunity is the wisest choice.Finally, he concluded that the goal of trading is not to always stay active, but to seize opportunities during market windows where you truly have an edge—and to have the discipline to do nothing when participation isn't worthwhile.
Grayscale launches in-kind subscription mechanism, allowing investors to exchange digital assets directly for shares in 10 of its products
Odaily reports: Grayscale has announced the launch of an in-kind investing mechanism, allowing investors to directly deliver eligible digital assets in exchange for shares in Grayscale products. Grayscale stated that this mechanism is expected to reduce the burden on investors of self-custodying assets, lower potential trade execution costs, and make digital assets easier to incorporate into traditional portfolio management. Currently, the mechanism covers 10 products, including Bitcoin Mini Trust ETF (BTC), Ethereum Staking Mini ETF (ETH), Avalanche Staking ETF (GAVA), Chainlink Trust ETF (GLNK), Dogecoin Trust ETF (GDOG), Hyperliquid Staking ETF (HYPG), Solana Staking ETF (GSOL), Sui Staking ETF (GSUI), XRP Trust ETF (GXRP), and Zcash ETF (ZCSH).
Dogecoin Foundation Supports Establishment of Dogecoin Labs, Application Network, and Merchant Payment Tools
As reported by CoinDesk, the teams behind the MyDoge wallet, DogeOS app network, and merchant payment tool Such App will jointly establish Dogecoin Labs, aiming to expand everyday use cases for DOGE. Dogecoin Labs will partner with the Dogecoin Foundation and oversee operations for MyDoge, DogeOS, and Such App, with MyDoge and DogeOS founder Jordan Jefferson appointed as CEO.
Dogecoin Labs Officially Launches to Drive DOGE Expansion into Payments and DeFi Applications
Odaily reports: With the support of the Dogecoin Foundation, Dogecoin Labs has officially been established, integrating the MyDoge wallet, the DogeOS application platform, and the Such App payment product into a single independent organization, with Jordan Jefferson serving as Chief Executive Officer. The organization will focus on expanding DOGE's applications in consumer-grade use cases, payments, commerce, DeFi, and gaming, among other areas, driving its use cases to extend from community culture and Meme-driven demand toward practical applications.According to the announcement, MyDoge has over 500,000 users; DogeOS launched an EVM-compatible public testnet on September 30, aimed at connecting developers with DOGE holders; Such App provides merchant payment tools, including invoicing and in-person QR code payments. The Dogecoin Foundation will continue to be responsible for ecosystem governance and open-source development. (The Block)