News linked to both this project and an event.
According to Wintermute's weekly market update, Federal Reserve meeting minutes showed most officials expected another rate hike by year-end, with rate cuts unmentioned, while the US 10-year Treasury yield reached multi-decade highs. Consequently, BTC fell 3.2% this week to around the $83,000 level, ETH dropped 7.0%, and the S&P 500 index rose 1.2% to an all-time high. US spot BTC ETFs recorded weekly net outflows of approximately $679 million, marking the largest single-week outflow since June; ETH ETFs saw outflows of $542 million. CoinGlass data indicates roughly $1.19 billion in liquidations within 24 hours near Thursday's low, with long positions accounting for $1.06 billion. ETH faced additional pressure from news that researchers associated with the Ethereum Foundation advised users to migrate to new addresses. BTC's market share rose to approximately 59.5%, representing the most prominent internal signal of the week. Wintermute noted that amid the Fed's inclination toward rate hikes, yields are unlikely to retreat in the short term. Renewed optimism for crypto markets requires simultaneously meeting two conditions: "stabilization of long-end rates" and "spot ETFs resuming net inflows." It advised closely monitoring Wednesday's September CPI data and earnings reports from financial institutions and AI-related companies this week.
Odaily reports: According to on-chain analyst Aunt Ai's monitoring, a whale accumulated 5,147 ETH between August 12 and 13 at an average price of $1,886.7, and 5 hours ago transferred 5,170 ETH into Tornado Cash for batch "cleansing," worth $12.82 million; this portion of tokens currently has an unrealized profit of $3.056 million, and the purpose of the transfer is unknown.
according to Lookonchain monitoring, a whale created 4 new wallets 4 months ago and began trading on Hyperliquid, completing 15 trades with almost all of them profitable, accumulating $29.75 million in profits. Today, the whale once again went long 24,000 ETH, with a position value of $60.7 million and current unrealized profit of $2.6 million.
据 Trader T 数据，美国以太坊现货 ETF 净流出 8543 万 美元，近 5 个交易日累计净流出达 5.769 亿 美元，创下自 1 月 23 日 以来的最大 5 日流出规模。其中，贝莱德（BlackRock）ETHA 净流出 7510 万 美元，灰度（Grayscale）以太坊迷你信托 ETH 净流出 1033 万 美元。
Odaily reports: According to on-chain analyst Yu Jin's monitoring, a whale/institution has cumulatively sold 837.8 BTC and bought 27,500 ETH, with a total purchase amount of $69.68 million and an average price of $2,534. The entire process is as follows: BTC that was withdrawn from HTX about a year and a half ago was transferred to Hyperliquid, sold and converted into USDC, then the USDC was transferred back to Arbitrum and bridged to Ethereum, and finally ETH was purchased on the Ethereum chain.
According to a report from Binance Research, since August 31, the US 10-year Treasury yield has risen by 47 basis points to 5.22%, with 43 basis points driven by an increase in real yields (currently at 2.87%, peaking at 2.95% on October 5, the highest since 2008), while inflation expectations contributed only 4 basis points. Since the rate hike on September 16, leading market sectors have been highly concentrated: in equities, the S&P 500 rose 3.3%, led by semiconductors up 10.6%, while small-cap and bank stocks declined, and the equal-weight index remained flat; in crypto markets, Bitcoin gained 9.3%, Ethereum rose 2.7%, with Layer 2 (+32%), RWA (+29%), and AI tokens (+29%) leading the way, while Meme coins and payment tokens only advanced 5%. In terms of fund flows, net inflows into stocks on the Binance platform reached $169 million, with semiconductor-related inflows nearly quadrupling to $73 million, and Intel attracting $32 million in a single week despite a 12% drop in its stock price. Key focus areas ahead include the September CPI data (expected to rise from 3.4% to 3.7%) and the banking earnings season, which will serve as a key test of the current market landscape.
A whale address swapped UBTC for 16,700 ETH over the past 22 hours, worth approximately $42.46 million, with an average purchase price of about $2,541.89.
Lookonchain posted on X platform that on October 12, Bitcoin ETFs recorded a single-day net inflow of 127 BTC, valued at $10.49 million; the 7-day net outflow was 8,538 BTC, valued at $704 million. Ethereum ETFs recorded a single-day net outflow of 25,400 ETH, valued at $64.22 million; the 7-day net outflow was 208,600 ETH, valued at $526 million.
Odaily News: According to on-chain analyst Ember Monitoring, last week Bitcoin treasury company Strategy increased its holdings by 250 BTC, with a purchase amount of approximately $21.55 million and an average purchase price of approximately $86,194 per BTC.As of now, Strategy holds a total of 848,250 BTC, with a position value of approximately $70.532 billion. The cumulative average cost is $75,444 per BTC, with a current unrealized gain of approximately $6.536 billion and a return of approximately 10.2%.Meanwhile, Ethereum treasury company Bitmine increased its holdings by 12,532 ETH last week, with a purchase amount of approximately $32.6 million and an average purchase price of approximately $2,601 per ETH.Currently, Bitmine holds approximately 6,028,946 ETH, with a position value of approximately $15.319 billion. The cumulative average cost is $3,334 per ETH, with a current unrealized loss of approximately $4.781 billion and a loss of approximately 23.8%.In addition, Bitmine's subsequent ETH accumulation plan may be nearing a phased conclusion. Bitmine Chairman Tom Lee previously stated at the TOKEN2049 conference in Singapore that once the company's ETH holdings reach 5% of the total supply, it will stop further accumulation. Currently, Bitmine is still about 77,442 ETH away from the 5% target. Based on the recent pace of accumulation, it is expected to reach this target in about one month.
Odaily News: According to Bitcoin News monitoring, the attacker behind the Ledger supply chain theft has moved nearly 3,000 ETH through Tornado Cash in three separate transactions, and transferred the funds into the Zcash privacy pool before converting them to USDC. Investigator @YFarmX stated that despite the use of privacy tools, they have traced 108 transactions completed through Zcash by exact value matching. An estimated $2.85 million in stolen USDC is still held in 3 wallets, and Circle may be able to freeze the related funds. Meanwhile, Tether is reported to have frozen $10 million in stolen USDT; wallets associated with the attacker still hold approximately $38.6 million in ETH and $16.9 million in BTC.
According to Lookonchain monitoring, a whale sold another 229 BTC, worth $19.1 million, and subsequently bought 7,469.8 ETH, worth $19.1 million.
According to Onchain Lens monitoring, Chun Wang (F2Pool) transferred 2,160 ETH worth $5.52 million from F2Pool's Gnosis Safe to Binance, including 1,150 ETH worth $2.94 million and 1,010 ETH worth $2.58 million.
According to Lookonchain monitoring, a whale sold 410.14 BTC worth $34.16 million on Hyperliquid, and then bought 14,341 ETH worth $36.14 million on a DEX.
Odaily News — According to on-chain analyst Ember, 4 hours ago, 2 wallets associated with the Ethereum Foundation (0x4c4...2b94, 0x999...0229) transferred 4,393 ETH to Kraken, worth $11.13 million. The wallet that transferred out ETH today received 59,800 ETH from an Ethereum Foundation wallet 10 years ago, of which 49,800 ETH was gradually transferred to Kraken over the past 10 years at an average price of approximately $658.
Odaily reports: Hyperliquid News has disclosed that ETH's trading volume over the past 24 hours has surpassed BTC, reaching approximately $1.1 billion. Analysts suggest that this increase in ETH trading volume may be related to a recent incident in which PaperTrade was allegedly exploited through its mechanism, and the associated trading activity may have driven up demand for ETH in the market.Community user boblob previously disclosed that two wallets were suspected of actively "attacking" the PaperTrade platform, using trades worth approximately $20 million to briefly trigger a small fluctuation in ETH price on the Hyperliquid platform (about 10-20 basis points), and established a "9-figure" long position on PaperTrade. boblob further added that there are clear issues with the current protocol that need to be fixed as soon as possible, otherwise it could affect the protocol's long-term sustainability.Crypto trader Rune pointed out that PaperTrade's official documentation has in fact already disclosed that its pricing mechanism carries an "attack" risk, noting that the main risk at the protocol level lies in the use of Hyperliquid's order book BBO (Best Bid and Offer) for price manipulation. This risk involves unresolved price manipulation pathways, contract economic mechanisms and risk exposure control, as well as operational-level protective measures and permission management mechanisms.
Odaily reports: Crypto analyst Ali has posted that Ethereum's 10-minute chart appears to be forming an "Adam and Eve Bottom" pattern. The key resistance level currently in focus is the neckline near $2,520. If ETH can consistently close above this level, it could confirm a bullish breakout and further open up upside potential, with the target area of interest at $2,640.
Odaily reports: Crypto trader Rune stated on X platform that PaperTrade's official documentation has actually disclosed a "vulnerability" risk in the protocol-level pricing mechanism. According to the document screenshots he shared, attackers can exploit the BBO (Best Bid and Offer) of the Hyperliquid order book for price manipulation. This risk involves unresolved price manipulation paths, contract economic mechanisms and risk exposure controls, as well as operational-level protective measures and permission management mechanisms.Additionally, Rune retweeted a post by community user boblob, which revealed that two wallets were suspected of actively exploiting and "attacking" the PaperTrade platform, conducting trades worth approximately $20 million that briefly caused ETH price fluctuations of about 10-20 basis points on the Hyperliquid platform. boblob further added that the obvious issues currently present in the PaperTrade protocol need to be fixed as soon as possible, otherwise they may affect the protocol's long-term sustainability.
Odaily News — According to on-chain analyst Ember Monitoring, POAP founder @worthalter transferred another 4,000 ETH, worth $10.02 million, to the exchange Gemini 6 hours ago. Over 6 days, he reduced his holdings by 8,000 ETH at an average price of $2,601. He currently still holds 51,468 ETH, worth $129 million.
Tom Lee, Chairman of Ethereum treasury company Bitmine, said in an interview that Ethereum could rise to $25,000 to $50,000 in this cycle. He believes that ETH has been trading in a similar range for the past five years, and sustained bottoming may lay the foundation for a larger breakout ahead.Tom Lee also expects ETH to exceed $5,000 by the end of the year, noting that if Bitcoin rises above $100,000, ETH could reach around $7,500. However, market prediction data shows that traders currently see only a 4% probability of ETH reaching $5,000 by the end of 2026.
According to on-chain analyst Ai Yi, two addresses belonging to the same whale have established an ETH position worth $14.89 million. Over the past 20 minutes, the two addresses cumulatively withdrew 5,965 ETH from Binance at an average withdrawal price of $2,496.95. The source funding address also transferred similar amounts of USDC to several other new addresses, suggesting continued batch buying.