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Project Overview
Level is a stablecoin protocol powered by restaked dollar tokens like USDT and USDC. Level USD (lvlUSD) is a liquid restaked dollar: a yield-bearing, cross-chain dollar token that's backed 1:1 by restaked stablecoins.
Analysis: Bitcoin Dominance Rises to Highest Level Since May as Market Awaits New Catalysts
Odaily reports: Bitcoin's market dominance rose to 60% on Wednesday, reaching its highest level since May of this year and holding near that level, reflecting investors' preference for holding Bitcoin over altcoins. Meanwhile, Bitcoin fell below $82,000 on Thursday, giving back gains from the previous day's brief break above $84,000. Small-cap tokens saw more pronounced declines, with the CoinDesk Memecoin Index dropping over 5%, the Computing Select Index falling 3.5%, and the DeFi Select Index down 2.5%.Joel Kruger, market strategist at LMAX Group, said that the crypto market's prior outperformance relative to other assets has shifted to trading more closely in line with equity markets, with investors awaiting new industry catalysts. Vikram Subburaj, CEO of Indian exchange Giottus, noted that Bitcoin ETF inflows have yet to form a sustained trend, and investors should avoid chasing rallies while monitoring ETF fund flows and Federal Reserve policy signals. (CoinDesk)
Dubai DIFC Courts Integrate with Avalanche Blockchain for Second-Level Verification of Cross-Border Documents
According to the Avalanche official blog, the Dubai International Financial Centre (DIFC) Court has announced the adoption of Avalanche blockchain technology to issue globally verifiable digital authenticity credentials for its court orders and hearing records. By binding encrypted file hashes to unique NFT credentials on the Avalanche C-Chain, the system enables any institution to verify document authenticity in seconds without needing to contact the court, while file contents and confidential information remain completely off-chain to ensure full privacy. With settlement speeds under one second, the recorded data is immutable and irreversible. Additionally, the United Arab Emirates Telecommunications and Digital Government Regulatory Authority (TDRA) is collaborating with Ava Labs to integrate Avalanche technology into the blockchain layer of UAE PASS’s Digital Vault. Serving more than 12.5 million users, this initiative will further advance the establishment of a trusted on-chain verification framework for UAE government documents.
COLDCARD Official Account Hit by Suspected Platform-Level Breach, Phishing Link Post Deleted
Hardware wallet manufacturer COLDCARD announced that its official X account previously shared a post containing a phishing link, which has now been deleted. The account has utilized offline 2FA since 2017 with strictly restricted access. The team has contacted the X platform and is currently auditing all account permissions, with further verification updates to be released later. COLDCARD noted that no login, session, or access logs were detected, and both credentials and offline 2FA remain secure. They suspect potential unauthorized platform-level or administrator-level access and are demanding an immediate investigation while preserving relevant logs.
Suspected Platform-Level Breach: COLDCARD Official X Account Posts Phishing Link
Odaily reports: Bitcoin News posted on X that hardware wallet manufacturer COLDCARD stated its official X account had published a fake security advisory directing users to a phishing website disguised as a wallet migration guide; the post has been deleted, but no corresponding login, session, or access records were found. COLDCARD said its credentials and offline two-factor authentication remain secure, leading it to suspect that the attacker may have obtained X platform-level or administrator privileges, and it has asked X's security team to investigate urgently. The company also mentioned unverified reports of X administrator accounts being sold on darknet markets, but has not yet found a connection to this incident.
Coinbase CEO Calls for Establishing an Innovation Sandbox and Small-Scale Governance Pilots at the Federal Level
Coinbase CEO Brian Armstrong stated that more small-scale governance experiments or innovation regulatory sandboxes are needed at the U.S. federal level. Debating every reform on a national scale would lead to excessively high trial-and-error and learning costs, resulting in slow progress.
Gate Europe Recognized as a Preferred Platform for Low-Cost Spot Trading and EUR On-Ramp in Europe, with Dual MiCA and PI License Compliance
Odaily News — According to a recently published guide to European crypto trading platforms, Gate Europe has been named one of the European platforms suited for low-cost spot trading and EUR fiat on-ramp. The platform has obtained MiCA authorization from the Malta Financial Services Authority (MFSA), offers a standard spot trading fee of 0.1%, and supports EUR funding via SEPA bank transfers. In terms of user coverage, Gate Europe can accommodate the trading needs of users ranging from beginners to advanced traders, with strong suitability for spot trading users; in response to European users' asset migration needs, the platform also supports migration from USDT to USDC. BeInCrypto previously included Gate Europe in its guide to MiCA-licensed platforms, and continues to follow its regulatory progress and service capabilities in the European market.Currently, Gate Europe has taken the lead in obtaining the EU's Markets in Crypto-Assets Regulation (MiCA) license and a Payment Institution (PI) license, continuously strengthening its compliance foundation in the European market. Meanwhile, Gate Connect, Gate Card, and related support systems have completed PCI DSS v4.0.1 Level 1 compliance assessment. Against the backdrop of the full implementation of the MiCA regulatory framework and European users' growing attention to legal entities, scope of authorization, and fiat channels, Gate Europe is leveraging its compliance credentials to provide European users with a more comprehensive digital asset trading and fund services experience. (BeInCrypto)
OKX Star: Calls for Joint Industry-Level Security Standards, Opposes Security Becoming a Competitive Domain
According to official sources, in response to recent security incidents involving Bybit, Bitget, and Binance, OKX founder and CEO Star stated that security should not be an area of commercial competition, but rather a shared responsibility of the entire crypto industry. Over the past decade, major exchanges have made significant progress in private key protection, but potential risks remain in access control and wallet management systems. He emphasized that no system is absolutely secure, and any major security breach at any exchange could undermine trust in the entire industry.Star called on major exchanges in the crypto industry to strengthen cooperation and jointly establish stricter industry security standards and coordinated response mechanisms, including adding verification and security delays for large withdrawals to unknown addresses and smart contract authorization transactions, and implementing key security restrictions at the cryptographic signing layer. Meanwhile, the industry should establish real-time security incident reporting, joint monitoring of suspicious funds, and rapid response mechanisms, and promote collaborative research in areas such as quantum-resistant cryptography and AI-driven security threat defense. He emphasized that no single company can safeguard the future of the crypto industry alone.
Analysts: Bitcoin May Face Sharp Correction Amid US Midterm Elections; Watch Key $73,000 Support Level
Ali noted that Bitcoin has experienced significant drawdowns during each of the past four U.S. midterm election cycles, with declines reaching 72%, 65%, 52%, and 27% in 2010, 2014, 2018, and 2022, respectively. Additionally, aside from 2010, the fourth quarters of the remaining three midterm election years all recorded negative returns.
Analysis: Bitcoin Dominance Rises to Highest Level Since May as Market Awaits New Catalysts
Odaily reports: Bitcoin's market dominance rose to 60% on Wednesday, reaching its highest level since May of this year and holding near that level, reflecting investors' preference for holding Bitcoin over altcoins. Meanwhile, Bitcoin fell below $82,000 on Thursday, giving back gains from the previous day's brief break above $84,000. Small-cap tokens saw more pronounced declines, with the CoinDesk Memecoin Index dropping over 5%, the Computing Select Index falling 3.5%, and the DeFi Select Index down 2.5%.Joel Kruger, market strategist at LMAX Group, said that the crypto market's prior outperformance relative to other assets has shifted to trading more closely in line with equity markets, with investors awaiting new industry catalysts. Vikram Subburaj, CEO of Indian exchange Giottus, noted that Bitcoin ETF inflows have yet to form a sustained trend, and investors should avoid chasing rallies while monitoring ETF fund flows and Federal Reserve policy signals. (CoinDesk)
Trader Killa: Bitcoin's Short-Term Choppy Action May Be a "Liquidation Game," Next Key Level to Watch Is $75,500
Odaily reports: Trader Killa says that for Bitcoin (BTC) to replicate its 2023 price action, it needs to form a higher low (HL) above $75,500 and ideally hold the low near $80,000.After Bitcoin recently reclaimed its short-term structure around the $82,000 zone, it pulled back to test and broke through again, with short-term price action showing strong characteristics of "bull traps and bear traps." When BTC previously fell from $84,100 to $81,000, the structure appeared weak, but a large number of shorts entering at the lows fueled the subsequent rebound.Killa noted that during the drop from $84,100 to $81,000, long liquidations totaled approximately $300 million, while during the earlier decline from $86,800 to $80,600, long liquidations exceeded $2 billion, indicating that the market's leverage structure is improving and the proportion of longs has declined compared to before. The market now needs to form a higher low and initiate the next leg up; otherwise, this correction could break below $80,000.
Trader Rune: PaperTrade Documentation Mentions Protocol-Level BBO Price Manipulation "Vulnerability" Risk
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.
Binance Bitcoin Weekly Net Outflow Hits Highest Level in Over Three Years, Whale Stablecoin Inflows Rise 40%
According to Cointelegraph, CryptoQuant data shows that during the week ending September 27, Binance's Bitcoin net outflow reached 23,137 BTC, marking the highest level since June 2023. Since September 20, Binance's Bitcoin reserves have cumulatively decreased by nearly 40,000 BTC.
OKX Star: Calls for Joint Industry-Level Security Standards, Opposes Security Becoming a Competitive Domain
According to official sources, in response to recent security incidents involving Bybit, Bitget, and Binance, OKX founder and CEO Star stated that security should not be an area of commercial competition, but rather a shared responsibility of the entire crypto industry. Over the past decade, major exchanges have made significant progress in private key protection, but potential risks remain in access control and wallet management systems. He emphasized that no system is absolutely secure, and any major security breach at any exchange could undermine trust in the entire industry.Star called on major exchanges in the crypto industry to strengthen cooperation and jointly establish stricter industry security standards and coordinated response mechanisms, including adding verification and security delays for large withdrawals to unknown addresses and smart contract authorization transactions, and implementing key security restrictions at the cryptographic signing layer. Meanwhile, the industry should establish real-time security incident reporting, joint monitoring of suspicious funds, and rapid response mechanisms, and promote collaborative research in areas such as quantum-resistant cryptography and AI-driven security threat defense. He emphasized that no single company can safeguard the future of the crypto industry alone.
Suspected Platform-Level Breach: COLDCARD Official X Account Posts Phishing Link
Odaily reports: Bitcoin News posted on X that hardware wallet manufacturer COLDCARD stated its official X account had published a fake security advisory directing users to a phishing website disguised as a wallet migration guide; the post has been deleted, but no corresponding login, session, or access records were found. COLDCARD said its credentials and offline two-factor authentication remain secure, leading it to suspect that the attacker may have obtained X platform-level or administrator privileges, and it has asked X's security team to investigate urgently. The company also mentioned unverified reports of X administrator accounts being sold on darknet markets, but has not yet found a connection to this incident.
Trader Rune: PaperTrade Documentation Mentions Protocol-Level BBO Price Manipulation "Vulnerability" Risk
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.
OpenAI Discloses Two AI-Assisted Covert Influence Operations: Using AI to Create "Fake Identities" and Spread Content
OpenAI has released a report stating it recently banned two groups that used its models to conduct covert influence operations (IO). These operations combined AI with traditional techniques to create "fake front" entities and fake identities. OpenAI stated that the Russia-linked operation "Dark Clark" controlled a fake think tank called the "Social Research Center (SRC)," and is suspected of using ChatGPT to write internal reports, generate content, and conduct influence activities in Latin America. OpenAI assessed this operation as Level 5 on the IO Breakout Scale, marking the first time it has identified a case reaching this level since it began disclosing such operations.OpenAI stated that AI has not changed the fundamental patterns of these influence operations, but has enhanced their scale, efficiency, language capabilities, and content production capacity, making it easier for attackers to create fake identities, fabricate content, and disseminate information to real media channels.
StarkWare Completes First Quantum-Resistant Bitcoin Transaction, Says Protocol-Level Upgrades Still Needed
According to The Block, StarkWare announced it has successfully executed the first post-quantum Bitcoin transaction. Avihu Levy, Head of Applications, used a "signature grinding" approach to repeatedly generate millions of candidate signatures before the transaction entered the Bitcoin mempool, thereby avoiding the exposure of mathematical data related to public keys that could be exploited by future quantum computers to forge signatures. This method incurs significant computational costs, with a single transaction potentially taking several hours. Because the transaction format is unrecognized by standard Bitcoin nodes, it bypassed the public mempool and was submitted directly to miners for inclusion via MARA’s Slipstream service. StarkWare noted that while this technique can serve as a transitional safeguard, Bitcoin will still require protocol-level upgrades or a hard fork to systematically mitigate quantum computing threats.
SlowMist: Unverified Contract Low-Level Call Vulnerability Leads to Theft of Approximately 16.6 WETH
The SlowMist security team stated that approximately 16.6 WETH were stolen from an unverified contract due to an unrestricted low-level call vulnerability. The attacker exploited the contract's existing ERC20 allowance to bypass owner checks and complete unauthorized transfers.
NVIDIA and Oracle Expand Partnership, Scaling NVIDIA Vera Rubin Architecture Deployment to Multi-Gigawatt Level
Odaily Report: NVIDIA and Oracle have announced an expanded partnership, scaling the deployment of the NVIDIA Vera Rubin architecture to the multi-gigawatt level and bringing the NVIDIA Vera CPU into Oracle Cloud Infrastructure (OCI). Additionally, Oracle also announced in the statement a partnership with Cerebras, under which Oracle will use Cerebras' equipment in its AI data centers.
BTC Critic Peter Schiff: Bitcoin's Next Support Level Could Be $75,000
BTC critic, gold advocate, and economist Peter Schiff posted on X platform that Bitcoin has finally begun to weaken, and it's hard to believe it held up for so long. Bitcoin has now fallen below $80,000, and the next stop could be $75,000.Peter Schiff stated that if this price level cannot hold today, Bitcoin holders will face a very long weekend, especially ETF investors, since they won't be able to sell until Monday.
Shanghai: Advance the construction of the National Blockchain Network (Shanghai Hub), and strengthen cross-chain services and other foundational capabilities.
The Shanghai Cyberspace Administration and the Shanghai Data Bureau have issued the Several Measures of Shanghai on Promoting High-Level Opening Up and Facilitating Cross-Border Data Flow. The measures propose improving infrastructure for cross-border data flow, advancing the construction of the National Blockchain Network (Shanghai Hub), and strengthening foundational capabilities such as distributed digital identities, privacy computing, and cross-chain services. Support will be provided for developing facilities for cross-border data flow services, and exploring service models based on the mutual recognition of rules. The measures also support the construction of international data centers to underpin the computing power service industry and related cross-border digital services.
COLDCARD Official Account Hit by Suspected Platform-Level Breach, Phishing Link Post Deleted
Hardware wallet manufacturer COLDCARD announced that its official X account previously shared a post containing a phishing link, which has now been deleted. The account has utilized offline 2FA since 2017 with strictly restricted access. The team has contacted the X platform and is currently auditing all account permissions, with further verification updates to be released later. COLDCARD noted that no login, session, or access logs were detected, and both credentials and offline 2FA remain secure. They suspect potential unauthorized platform-level or administrator-level access and are demanding an immediate investigation while preserving relevant logs.
Suspected Platform-Level Breach: COLDCARD Official X Account Posts Phishing Link
Odaily reports: Bitcoin News posted on X that hardware wallet manufacturer COLDCARD stated its official X account had published a fake security advisory directing users to a phishing website disguised as a wallet migration guide; the post has been deleted, but no corresponding login, session, or access records were found. COLDCARD said its credentials and offline two-factor authentication remain secure, leading it to suspect that the attacker may have obtained X platform-level or administrator privileges, and it has asked X's security team to investigate urgently. The company also mentioned unverified reports of X administrator accounts being sold on darknet markets, but has not yet found a connection to this incident.
OpenAI Discloses Two AI-Assisted Covert Influence Operations: Using AI to Create "Fake Identities" and Spread Content
OpenAI has released a report stating it recently banned two groups that used its models to conduct covert influence operations (IO). These operations combined AI with traditional techniques to create "fake front" entities and fake identities. OpenAI stated that the Russia-linked operation "Dark Clark" controlled a fake think tank called the "Social Research Center (SRC)," and is suspected of using ChatGPT to write internal reports, generate content, and conduct influence activities in Latin America. OpenAI assessed this operation as Level 5 on the IO Breakout Scale, marking the first time it has identified a case reaching this level since it began disclosing such operations.OpenAI stated that AI has not changed the fundamental patterns of these influence operations, but has enhanced their scale, efficiency, language capabilities, and content production capacity, making it easier for attackers to create fake identities, fabricate content, and disseminate information to real media channels.
Related news
OKX Star: Calls for Joint Industry-Level Security Standards, Opposes Security Becoming a Competitive Domain
According to official sources, in response to recent security incidents involving Bybit, Bitget, and Binance, OKX founder and CEO Star stated that security should not be an area of commercial competition, but rather a shared responsibility of the entire crypto industry. Over the past decade, major exchanges have made significant progress in private key protection, but potential risks remain in access control and wallet management systems. He emphasized that no system is absolutely secure, and any major security breach at any exchange could undermine trust in the entire industry.Star called on major exchanges in the crypto industry to strengthen cooperation and jointly establish stricter industry security standards and coordinated response mechanisms, including adding verification and security delays for large withdrawals to unknown addresses and smart contract authorization transactions, and implementing key security restrictions at the cryptographic signing layer. Meanwhile, the industry should establish real-time security incident reporting, joint monitoring of suspicious funds, and rapid response mechanisms, and promote collaborative research in areas such as quantum-resistant cryptography and AI-driven security threat defense. He emphasized that no single company can safeguard the future of the crypto industry alone.
NVIDIA and Oracle Expand Partnership, Scaling NVIDIA Vera Rubin Architecture Deployment to Multi-Gigawatt Level
Odaily Report: NVIDIA and Oracle have announced an expanded partnership, scaling the deployment of the NVIDIA Vera Rubin architecture to the multi-gigawatt level and bringing the NVIDIA Vera CPU into Oracle Cloud Infrastructure (OCI). Additionally, Oracle also announced in the statement a partnership with Cerebras, under which Oracle will use Cerebras' equipment in its AI data centers.
BTC Critic Peter Schiff: Bitcoin's Next Support Level Could Be $75,000
BTC critic, gold advocate, and economist Peter Schiff posted on X platform that Bitcoin has finally begun to weaken, and it's hard to believe it held up for so long. Bitcoin has now fallen below $80,000, and the next stop could be $75,000.Peter Schiff stated that if this price level cannot hold today, Bitcoin holders will face a very long weekend, especially ETF investors, since they won't be able to sell until Monday.
Analysts: Bitcoin May Face Sharp Correction Amid US Midterm Elections; Watch Key $73,000 Support Level
Ali noted that Bitcoin has experienced significant drawdowns during each of the past four U.S. midterm election cycles, with declines reaching 72%, 65%, 52%, and 27% in 2010, 2014, 2018, and 2022, respectively. Additionally, aside from 2010, the fourth quarters of the remaining three midterm election years all recorded negative returns.
Analysis: Bitcoin Dominance Rises to Highest Level Since May as Market Awaits New Catalysts
Odaily reports: Bitcoin's market dominance rose to 60% on Wednesday, reaching its highest level since May of this year and holding near that level, reflecting investors' preference for holding Bitcoin over altcoins. Meanwhile, Bitcoin fell below $82,000 on Thursday, giving back gains from the previous day's brief break above $84,000. Small-cap tokens saw more pronounced declines, with the CoinDesk Memecoin Index dropping over 5%, the Computing Select Index falling 3.5%, and the DeFi Select Index down 2.5%.Joel Kruger, market strategist at LMAX Group, said that the crypto market's prior outperformance relative to other assets has shifted to trading more closely in line with equity markets, with investors awaiting new industry catalysts. Vikram Subburaj, CEO of Indian exchange Giottus, noted that Bitcoin ETF inflows have yet to form a sustained trend, and investors should avoid chasing rallies while monitoring ETF fund flows and Federal Reserve policy signals. (CoinDesk)
NVIDIA Launches OpenShell Reference Architecture to Strengthen AI Agent Operational Security and Hardware-Level Controls
Odaily reports: NVIDIA has launched the NVIDIA OpenShell reference architecture, designed for building, running, monitoring, and constraining AI Agents across enterprise infrastructure and edge systems, while strengthening governance, isolation, and security controls. The architecture is built on the OpenShell secure runtime and combines NVIDIA Vera Rubin, Vera CPU, and BlueField-4 DPU.Among these, Vera Rubin handles model inference, Vera CPU is used to run the Agent harness and tool calls, and BlueField-4 continuously monitors Agent behavior and enforces hardware-level policy controls through NVIDIA Sentry; when an Agent exceeds established software boundaries, Sentry can isolate and halt it within milliseconds.