Ethereum
ETHThe first blockchain with smart contract functionality
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Project Overview
Ethereum is the first decentralized, open-source blockchain with smart contract functionality. It was initially described in a white paper by Vitalik Buterin in late 2013 and launched in 2015. This network serves as the foundation for an ecosystem of interoperable, decentralized applications (dApps) powered by token economies and automated smart contracts. Assets and applications designed on Ethereum are built with self-executing smart contracts that eliminate the need for a central authority or intermediary. u2028The network is powered by its native cryptocurrency ether (ETH), which is used to pay transaction fees. Ethereum has the characteristics of being open-source, programmable, private, and censorship-resistant, forming the backbone of a decentralized internet.
Wintermute: BTC down for a third consecutive week; FOMC and PCE to determine short-term direction
According to Wintermute's weekly market report, Bitcoin fell 2.43% last week, marking its third consecutive weekly decline, breaking below $82,500 and retesting $80,000 before closing at approximately $80,500. ETH dropped 3.40%, closing at around $2,330. U.S. spot Bitcoin ETFs recorded a net outflow of $636 million on Thursday, the largest single-day outflow since June, coinciding with a 2.6% drop in the Nasdaq on the same day. On the macro front, following Houthi attacks on Saudi oil infrastructure, Brent crude surged 5.66% to $116.72, with oil prices displacing AI financing as the primary market concern. Wintermute noted that as of October 18, markets price in roughly an 86% probability that the Federal Reserve will hold rates steady this Wednesday, alongside expectations for a December rate hike. The Fed's forward guidance regarding December represents the key risk. Technically, BTC must reclaim the $82,000–$82,500 zone. Should the $80,000 level fail, the next support sits at $76,000, with a breakdown likely pushing prices to just over $70,000. The firm stated it is temporarily not taking a bearish view but will remain cautious until the FOMC meeting concludes and BTC reclaims $82,500. Key upcoming events include the October 28 FOMC meeting, October 29 reports for Q3 GDP and September PCE data, and the October 30 monthly options expiration.
Orochi Network Completes $8 Million Funding Round with Participation from Plutus VC and Others
Odaily reports: Orochi Network announced an additional $8 million in funding, bringing its cumulative fundraising to $20 million. The funds will be used to build verifiable data infrastructure for real-world asset (RWA) tokenization. This round received support from MEXC Ventures, Plutus VC, Bolts Capital, Ant Labs, and previous investors, and the project also received a grant from the Ethereum Foundation.Orochi Network stated that its verifiable database zkDatabase has launched on mainnet, having processed over 700 million proofs cumulatively with more than 10,000 downloads. It has established partnerships with projects such as Plume, Lumia, Nexus, and OG, and its alliance has over 120 enterprise partners. The network aims to use cryptographic technologies such as zero-knowledge proofs to verify the authenticity and integrity of asset data, providing data verification and audit infrastructure for applications including RWA, stablecoins, and AI.
The Thai SEC has not yet received applications for spot crypto ETFs.
According to Crypto Briefing, Thailand's Securities and Exchange Commission (SEC) stated that it has not yet received any formal applications for spot cryptocurrency ETFs, though multiple asset management firms have already submitted inquiries regarding spot Bitcoin and Ethereum products. The regulator declined to disclose potential issuers or establish a listing timeline, noting that it cannot confirm whether the inaugural Thai crypto ETFs will launch in 2026. On October 8, Thailand's SEC finalized 11 related notices, establishing a new regulatory framework that took effect on October 16. Under the rules, licensed asset management firms may create passive ETFs tracking a single eligible asset—currently restricted to Bitcoin and Ethereum—maintaining an annual average net exposure of no less than 80%. These products may only be listed and traded on the Stock Exchange of Thailand and must utilize SEC-approved digital asset custodians. Investors are required to complete risk education and formally acknowledge associated risks prior to purchase, while brokerages are barred from offering margin trading or securities lending for these funds. Thai mutual funds and private funds may allocate to domestic crypto ETFs within their existing investment limits. Previously, access to such exposure was only possible through overseas ETFs and was strictly limited to institutional and ultra-high-net-worth investors.
Former Coinbase Head of Research Appointed as US Lead at Ethereum Institutional
Ethereum Institutional has announced the appointment of David Duong as its US Lead, responsible for driving collaboration with US institutional investors and helping institutions deepen their participation in building the Ethereum ecosystem. David Duong previously served as Global Head of Investment Research at Coinbase, where he led crypto market research for the exchange's institutional clients, covering areas such as macroeconomic analysis, valuation models, and market structure. He also spent 17 years in sell-side macro strategy research at HSBC, Santander, and Deutsche Bank.
82 crypto projects have shut down in 2026, spanning DeFi, infrastructure, and Web3 gaming
Odaily reports: Crypto researcher Stacy Muur has compiled a list of 82 digital asset projects and protocols said to have shut down in 2026, including Balancer, Radiant Capital, Neon EVM, Step Finance, and others, spanning DeFi, blockchain infrastructure, and Web3 gaming.The shutdowns were driven by declining revenue, exhausted funding, and security incidents. Earlier this year, Bitcoin's price briefly fell below $60,000, retreating from an all-time high of over $126,000 in October 2025, adding financial pressure on projects.When Ethereum Layer 2 network Blast announced its shutdown, it stated that the project had no "credible path to economic viability." Step Finance shut down following a major treasury exploit, while Radiant Capital announced the end of operations after failing to recover from a 2024 exploit.An August study by DeFiLlama showed that 100 crypto projects had announced shutdowns in 2026, 40 of which occurred in the preceding 90 days; the most common reason was product-market mismatch, followed by exhausted funding, insufficient revenue, and pivots to other products. The projects involved raised a combined total of approximately $1 billion and generated $250 million in cumulative fees, with 9 individual projects each raising over $50 million. (Cointelegraph)
ether.fi makes mump2p mandatory for all 12 node operators, Optimum software goes live on Ethereum mainnet
Odaily reports: Optimum has announced that its block propagation software mump2p has officially launched on the Ethereum mainnet. ether.fi previously offered the software as an optional feature, but has now mandated its adoption across all 12 of its node operators. Currently, a total of 16 node operators are running mump2p in production environments, collectively managing approximately 22,000 validator keys and over 1.4 million staked ETH, accounting for more than 3% of Ethereum's total staked supply. Partners include Blockdaemon, Everstake, P2P.org, Stakefish, and Bitcoin Suisse.mump2p operates as a sidecar gateway, rather than replacing Ethereum's default GossipSub, it layers on top of libp2p and uses random linear network coding technology. Optimum claims that mump2p achieves block arrival speeds 2.42 times faster than GossipSub, with arrival time variance reduced by approximately 7.88 times. Optimum is led by MIT professor Muriel Médard and launched its private testnet in June 2025. The company previously completed an $11 million seed round led by 1kx and plans to expand to other high-throughput blockchains beyond Ethereum.
Treasury Regains Solvency, THORChain Says User Voluntarily Returned 10 ETH
THORChain posted on X stating that on October 31, a single-block reorg occurred on Ethereum, causing THORChain to erroneously pay out 10 ETH that had never actually been received. The automatic solvency check mechanism was immediately triggered, pausing ETH swaps. Within approximately two minutes, node operators further paused ETH transaction signing to prevent continued outflow of funds. As a precautionary measure, nodes subsequently paused transactions on all related chains to allow the core development team to investigate. Currently, the user has voluntarily returned the 10 ETH, and the treasury has regained solvency.Earlier reports indicated that the Ethereum reorg caused THORChain to pause, inadvertently delaying the money laundering of stolen Binance funds.
Crypto Market Liquidations Surpass $1.54 Billion as Binance Attack Triggers Sell-Off
Odaily reports: Cryptocurrency market liquidations exceeded $1.54 billion on Friday morning, with an attack on Binance triggering a market-wide sell-off. Long positions accounted for approximately $1.29 billion in liquidations, representing over 80% of the total. Binance stated that attackers stole approximately $6.3 billion, with the investigation pointing to a compromised laptop belonging to a DevOps engineer.Bitcoin briefly dropped to $76,320, with related liquidations approaching $500 million; Ethereum long liquidations exceeded $300 million. Bitcoin subsequently rebounded to $78,400 but remains down 2% over the past 24 hours and 5% below its price at the start of the month.Binance said partners have frozen approximately $3 billion of the stolen funds, and the company will draw on its Secure Asset Fund for Users (SAFU) and corporate reserves to cover remaining customer losses. Deposits and withdrawals remain suspended, and Binance has revoked authorizations for affected addresses while contacting law enforcement and blockchain intelligence partners to trace the funds. On-chain analyst ZachXBT linked the attack to the North Korea-affiliated threat group Tradertraitor. (Bitcoin.com News)
EIP-7702 authorization exploited to move Binance wallet assets, with an additional $780M USDC transferred out
Odaily reports: According to Bitcoin News monitoring, on-chain analysis shows that attackers appear to have exploited the Ethereum EIP-7702 mechanism to obtain signature authorization, installing malicious code without directly accessing the private keys of Binance-associated wallets. The attackers then called a function named "sweep" to transfer ETH and dozens of tokens into wallets under their control; the same delegation permission was reportedly also used to transfer $780 million USDC out of another Binance hot wallet. The attackers' transaction relayer received funding through Tornado Cash, and nearly 195,460 ETH was subsequently transferred to a newly created wallet. How the attackers obtained the relevant authorization remains unclear. Binance stated that user funds are safe and that an investigation is currently underway.
Binance Suspected of Being Hacked for at Least $5.57 Billion Across Three Public Blockchains
According to on-chain statistics cited by Decrypt, at least $5.57 billion in assets have been transferred from wallets associated with Binance, involving Ethereum, Bitcoin, and TRON; if confirmed as a hack, it would become the largest cryptocurrency heist in history. Binance stated that it is still investigating.
Binance Responds to Suspected Theft: Under Investigation, Impact on User Funds Not Yet Confirmed
A Binance spokesperson told Cointelegraph that it is investigating a potential security issue with an Ethereum wallet. The security team is reviewing related activities, and no impact on user funds has been confirmed at this time.
Polymarket US Platform Launches 5-Minute Cryptocurrency Prediction Contracts Covering BTC, ETH, SOL, and XRP
According to CoinDesk, prediction market platform Polymarket launched five-minute cryptocurrency price prediction contracts on Oct. 28 on a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), covering Bitcoin, Ethereum, Solana, and XRP. Users can wager on whether the cryptocurrency’s price at the end of the five-minute cycle will be higher or lower than the starting price; correct predictions pay out $1 per contract, while incorrect ones receive no payout.
Scroll Launches Position Query Tool to Help Users Prepare for Network Transition
Scroll officially announced that users can check their token and DeFi positions through the position query tool to prepare for the upcoming network transition. The official bridge will continue to support transfers between Scroll and Ethereum. Users need to individually close or manage their DeFi positions before the transition, and all withdrawals must be signed by the user's own wallet. The transition date has not yet been finalized, and the team will announce more details as soon as possible.
Spent $62.97 Million, a Whale Bought 27,553 ETH in the Past 5 Hours
according to Lookonchain monitoring, a whale spent $62.97 million in the past 5 hours to buy 27,553 ETH, with an average purchase price of $2,286.
The Pando Rings hacker who stole approximately $22 million in assets spent 16.98 million DAI to buy 7,548 ETH, then transferred 4,000 ETH to Tornado
Odaily reports: According to monitoring by on-chain analyst Yu Jin, the hacker who stole approximately $22 million in assets from the Pando Rings project 4 years ago spent 16.98 million DAI to buy 7,548 ETH at an average price of $2,249, following the market downturn triggered by the Binance hack 3 days ago. 2 hours ago, the hacker transferred 4,000 ETH (worth $9.22 million) through Tornado.
Kanye West's associated address is suspected of adding a $4.7M ETH position, with 21,109 ETH currently staked.
According to on-chain analyst Auntie Ai (@ai_9684xtpa), an address linked to Kanye suspected of maintaining a leveraged long position on ETH appears to have increased its exposure. Following the disclosure of the Binance hack on October 30, the address sold 1,390 ETH in tranches to mitigate liquidation risk, at an average price of approximately $2,275.6 per ETH, totaling approximately $3.163 million, incurring a loss of approximately $317,000. After Binance resumed large-scale withdrawals today, the address withdrew another 2,074 ETH from the exchange, valued at approximately $4.7 million.
US Ethereum spot ETFs saw a net outflow of approximately $431 million last week.
Data from Farside Investors shows that U.S. Ethereum spot ETFs recorded net outflows for each of the last five trading days, totaling approximately $431 million.
Patricio Worthalter sells 2,000 ETH, converts to $4.53M USDC and transfers to ICO ancient whale address
Odaily reports: According to on-chain analyst Ai Yi's monitoring, Patricio Worthalter sold 2,000 ETH on-chain, converting them into $4.53 million USDC at an average price of $2,269, and then transferred the USDC to the wallet address 0x95A…C2C7f previously tagged as an ICO ancient whale.
The Pando Rings hacker who stole approximately $22 million in assets spent 16.98 million DAI to buy 7,548 ETH, then transferred 4,000 ETH to Tornado
Odaily reports: According to monitoring by on-chain analyst Yu Jin, the hacker who stole approximately $22 million in assets from the Pando Rings project 4 years ago spent 16.98 million DAI to buy 7,548 ETH at an average price of $2,249, following the market downturn triggered by the Binance hack 3 days ago. 2 hours ago, the hacker transferred 4,000 ETH (worth $9.22 million) through Tornado.
Kanye West's associated address is suspected of adding a $4.7M ETH position, with 21,109 ETH currently staked.
According to on-chain analyst Auntie Ai (@ai_9684xtpa), an address linked to Kanye suspected of maintaining a leveraged long position on ETH appears to have increased its exposure. Following the disclosure of the Binance hack on October 30, the address sold 1,390 ETH in tranches to mitigate liquidation risk, at an average price of approximately $2,275.6 per ETH, totaling approximately $3.163 million, incurring a loss of approximately $317,000. After Binance resumed large-scale withdrawals today, the address withdrew another 2,074 ETH from the exchange, valued at approximately $4.7 million.
Treasury Regains Solvency, THORChain Says User Voluntarily Returned 10 ETH
THORChain posted on X stating that on October 31, a single-block reorg occurred on Ethereum, causing THORChain to erroneously pay out 10 ETH that had never actually been received. The automatic solvency check mechanism was immediately triggered, pausing ETH swaps. Within approximately two minutes, node operators further paused ETH transaction signing to prevent continued outflow of funds. As a precautionary measure, nodes subsequently paused transactions on all related chains to allow the core development team to investigate. Currently, the user has voluntarily returned the 10 ETH, and the treasury has regained solvency.Earlier reports indicated that the Ethereum reorg caused THORChain to pause, inadvertently delaying the money laundering of stolen Binance funds.
tBTC minting and redemptions paused, Threshold Network says reserves are fully backed and no funds have been lost
: According to Threshold Network, tBTC minting and redemptions have been temporarily paused, but the asset is still fully backed and no funds have been lost. The bridge wallet holds approximately 4,320 BTC, while tBTC in circulation is about 4,185, and no unauthorized minting or Bitcoin transfers have been detected. Regarding the recently disclosed Linux kernel vulnerability CVE-2026-98432, which could allow attackers to execute code remotely on unpatched servers, all tBTC node operators have completed server patching or temporarily shut down their nodes while awaiting a fix. The team has not found evidence that the vulnerability was used to attack tBTC nodes. In addition, one node operator reported today a separate security incident affecting its overall infrastructure, unrelated to the kernel vulnerability, which resulted in about 0.5 ETH being transferred out of the Ethereum account used by its tBTC node to pay transaction fees. At the time, the node was already offline, and the operator also found no evidence that signing key material had been accessed. Threshold Network said Bitcoin transactions in the tBTC wallet require signatures from a majority of independent operators, and a single operator cannot move funds alone. The bridge will reopen after security maintenance is completed and nodes resume operation on patched systems. The team will publish its next update within 24 hours, or earlier if circumstances change.
Received $279 million in assets, Binance hacker sold over 130 altcoins on EVM chains
According to Lookonchain monitoring, the Binance hacker sold over 130 altcoins on EVM chains alone, obtaining 123,400 ETH (worth $277.26 million) and $1.69 million USDC, totaling $279 million.
Binance: First Batch of Withdrawals Now Open on BTC Network
Odaily reports: According to an official announcement from Binance, Binance has resumed withdrawals in phases, with the first batch being the Bitcoin network.Previously, Binance published a security incident recovery progress announcement stating that it planned to restore the first phase of withdrawal services between 14:00 and 17:00 (UTC+8) on November 1.The first batch supports networks and assets including BTC, ETH, BNB, TRX, SOL, XRP, ZEC, DOGE, TON, POL, AVAX, ARB, BASE, OP, and SUI. Additionally, Binance stated that there may be brief delays initially due to traffic, and other networks and assets will be opened successively once ready; deposit services remain open.
Scroll Launches Position Query Tool to Help Users Prepare for Network Transition
Scroll officially announced that users can check their token and DeFi positions through the position query tool to prepare for the upcoming network transition. The official bridge will continue to support transfers between Scroll and Ethereum. Users need to individually close or manage their DeFi positions before the transition, and all withdrawals must be signed by the user's own wallet. The transition date has not yet been finalized, and the team will announce more details as soon as possible.
tBTC minting and redemptions paused, Threshold Network says reserves are fully backed and no funds have been lost
: According to Threshold Network, tBTC minting and redemptions have been temporarily paused, but the asset is still fully backed and no funds have been lost. The bridge wallet holds approximately 4,320 BTC, while tBTC in circulation is about 4,185, and no unauthorized minting or Bitcoin transfers have been detected. Regarding the recently disclosed Linux kernel vulnerability CVE-2026-98432, which could allow attackers to execute code remotely on unpatched servers, all tBTC node operators have completed server patching or temporarily shut down their nodes while awaiting a fix. The team has not found evidence that the vulnerability was used to attack tBTC nodes. In addition, one node operator reported today a separate security incident affecting its overall infrastructure, unrelated to the kernel vulnerability, which resulted in about 0.5 ETH being transferred out of the Ethereum account used by its tBTC node to pay transaction fees. At the time, the node was already offline, and the operator also found no evidence that signing key material had been accessed. Threshold Network said Bitcoin transactions in the tBTC wallet require signatures from a majority of independent operators, and a single operator cannot move funds alone. The bridge will reopen after security maintenance is completed and nodes resume operation on patched systems. The team will publish its next update within 24 hours, or earlier if circumstances change.
Bitget PoolX Will Soon Launch BTC and ETH Dual Staking Campaign
BTC Activity: Stake BTC to share in 55,000 BGB, personal staking limit is 50 BTC, supports a 0.5x long-term holding bonus multiplier. Participation period: 17:00 on November 1 to 17:00 on November 5 (UTC+8). ETH Activity: Stake ETH to share in 55,000 BGB, personal staking limit is 1,500 ETH, supports a 1x long-term holding bonus multiplier. Participation period: 17:00 on November 1 to 17:00 on November 7 (UTC+8).
OnePay Partners with Stripe to Launch Stablecoin Funding Service, Supporting Direct USDC-to-USD Conversion Across 12 Blockchains
According to an official announcement from OnePay, OnePay has partnered with Stripe to launch a stablecoin deposit feature, initially available to select users in the United States. It allows users to directly transfer USDC from external wallets or exchanges into their OnePay Checking accounts, where it will be automatically converted into U.S. dollars. The service supports 12 blockchain networks, including Tempo, Base, Solana, and Ethereum, and waives conversion fees during its initial launch period.
Binance: First Batch of Withdrawals Now Open on BTC Network
Odaily reports: According to an official announcement from Binance, Binance has resumed withdrawals in phases, with the first batch being the Bitcoin network.Previously, Binance published a security incident recovery progress announcement stating that it planned to restore the first phase of withdrawal services between 14:00 and 17:00 (UTC+8) on November 1.The first batch supports networks and assets including BTC, ETH, BNB, TRX, SOL, XRP, ZEC, DOGE, TON, POL, AVAX, ARB, BASE, OP, and SUI. Additionally, Binance stated that there may be brief delays initially due to traffic, and other networks and assets will be opened successively once ready; deposit services remain open.
Binance: Plans to resume phase one withdrawal services today from 14:00 to 17:00
Binance has published a security incident recovery progress announcement, stating that it plans to resume phase one withdrawal services between 14:00 and 17:00 (UTC+8) on November 1.The first batch supports networks and assets including BTC, ETH, BNB, TRX, SOL, XRP, ZEC, DOGE, TON, POL, AVAX, ARB, BASE, OP, and SUI. In addition, Binance noted that there may be brief delays initially due to traffic, and other networks and assets will be opened successively once ready; deposit services remain open.
Related news
An address spent US$65.616 million to buy 28,603.8 ETH.
According to Residue monitoring, an address spent a total of 65.616 million USDT today, purchasing 28,603.8 ETH at an average price of approximately $2,294.
Scroll Launches Position Query Tool to Help Users Prepare for Network Transition
Scroll officially announced that users can check their token and DeFi positions through the position query tool to prepare for the upcoming network transition. The official bridge will continue to support transfers between Scroll and Ethereum. Users need to individually close or manage their DeFi positions before the transition, and all withdrawals must be signed by the user's own wallet. The transition date has not yet been finalized, and the team will announce more details as soon as possible.
Spent $62.97 Million, a Whale Bought 27,553 ETH in the Past 5 Hours
according to Lookonchain monitoring, a whale spent $62.97 million in the past 5 hours to buy 27,553 ETH, with an average purchase price of $2,286.
The Pando Rings hacker who stole approximately $22 million in assets spent 16.98 million DAI to buy 7,548 ETH, then transferred 4,000 ETH to Tornado
Odaily reports: According to monitoring by on-chain analyst Yu Jin, the hacker who stole approximately $22 million in assets from the Pando Rings project 4 years ago spent 16.98 million DAI to buy 7,548 ETH at an average price of $2,249, following the market downturn triggered by the Binance hack 3 days ago. 2 hours ago, the hacker transferred 4,000 ETH (worth $9.22 million) through Tornado.
Kanye West's associated address is suspected of adding a $4.7M ETH position, with 21,109 ETH currently staked.
According to on-chain analyst Auntie Ai (@ai_9684xtpa), an address linked to Kanye suspected of maintaining a leveraged long position on ETH appears to have increased its exposure. Following the disclosure of the Binance hack on October 30, the address sold 1,390 ETH in tranches to mitigate liquidation risk, at an average price of approximately $2,275.6 per ETH, totaling approximately $3.163 million, incurring a loss of approximately $317,000. After Binance resumed large-scale withdrawals today, the address withdrew another 2,074 ETH from the exchange, valued at approximately $4.7 million.
US Ethereum spot ETFs saw a net outflow of approximately $431 million last week.
Data from Farside Investors shows that U.S. Ethereum spot ETFs recorded net outflows for each of the last five trading days, totaling approximately $431 million.