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Long is a provably fair auction platform to trade and launch projects built for long-term conviction. Long is powered by dynamic auctions a completely new primitives that establish strong alignment between issuers, early adopters, and long-term holders. The dynamic auction prevents early buyers from accumulating tokens at a very cheap costs, ensuring a healthier market foundation with higher average acquisition prices and higher conviction holders.
Bank of Korea Warns: Mounting Vulnerabilities in the AI Sector from Heavy Reliance on External Financing and Intensifying Circular Finance as Long-Term Interest Rates Rise
According to Yonhap News Agency, Section Chief Kim Yun-kyung and Investigator Wang Jae-kun of the Bank of Korea’s Investigation Bureau noted in their October 27 report, "Major Characteristics and Risk Assessment of Funding in the AI Industry," that intensifying fundraising competition in the AI sector recently has heightened dependence on external funding and expanded circular finance, fueling growing warnings about financial risks triggered by AI. The report notes that this year, hyperscale data center operators have substantially broadened external financing primarily through long-term corporate bonds, while AI-focused cloud companies have increasingly turned to GPU-backed credit and convertible bonds. AI firms are also actively leveraging off-balance-sheet financing instruments such as special purpose vehicles, joint ventures, and leasing. Meanwhile, the volume of circular transactions between hyperscale firms and AI chipmakers for future sales, facilitated by supply chain investments, continues to grow. The report assesses that while the financial health of major leading enterprises remains solid and the likelihood of AI-related financial risks materializing is currently low, vulnerabilities are steadily building amid rising long-term interest rates. Primary risk factors include delays in AI monetization and the propagation of shocks stemming from circular finance. Particular attention should be directed toward the potential risks posed by AI cloud companies that exhibit inadequate financial buffers and low information transparency. The report emphasizes that as South Korea stands to benefit the most from the AI boom, its deep integration into global supply chains could amplify the transmission intensity of real-economy and financial shocks triggered by AI compared to previous cycles. It is essential to continuously monitor the accumulation of potential vulnerabilities and the likelihood of risks materializing.
QCP: AI Credit Stress Spreads, Dragging Down Equities and Bitcoin as Funds Shift to Long-Term US Treasuries for Safety
QCP stated that credit risk related to AI infrastructure is undergoing accelerated repricing. The yield on CoreWeave bonds has risen to approximately 15% year-to-date, and its stock price fell 10% on October 22 as markets begin to reassess high financing costs and debt sustainability. This pressure has spread from CoreWeave to the broader neocloud infrastructure sector, weighing on tech stocks and crypto assets while driving funds toward long-term US Treasuries.
White Hair Stock Oracle Serenity: Long-term demand prospects for memory chips are clear, but the market remains concerned about the sustainability of AI investment and financing risks
Odaily reports: White Hair Stock Oracle Serenity stated that the memory chip industry is gaining unprecedented long-term demand visibility, with major cloud service providers such as Google even seeking to sign long-term supply agreements extending to 2035. However, the market remains affected by concerns over the sustainability of AI infrastructure investment and financing risks.Serenity also cited Dell CEO Michael Dell's view that the memory chip supply shortage may last about 4 years, as the construction cycle for new wafer fabs is lengthy, and the relevant capacity is expected to be released only between 2029 and 2030. Dell expects that the supply-demand imbalance in memory chips may further deteriorate in 2027.
DeepSeek Leads Investment as Winverse AI Completes Seed Round at $400M Valuation
Odaily reports: AI research institution DeepSeek plans to lead the seed round funding of robotics AI startup Winverse AI, with an investment amount in the tens of millions of dollars range.Sources say Winverse AI was founded by a former top AI scientist from Tencent and is currently still operating in stealth mode. In addition to DeepSeek, investors including Meituan's investment arm Long-Z Investments also participated in this funding round, bringing the company's post-investment valuation to approximately $400 million.The report notes that DeepSeek will deploy funds from its over $12 billion in financing to support this investment, betting on the rapidly growing field of artificial intelligence and robotics technology.This investment indicates that DeepSeek is further expanding from large model research and development into embodied intelligence and robotics AI. (Bloomberg)
Ripple Enters Leveraged Equity Financing, Begins Charging Financing Fees After Hidden Road Acquisition
Odaily News: Ripple's Ripple Prime has begun providing funds with leveraged exposure to equities and indices through total return swaps, charging financing fees. After Ripple acquired multi-asset prime broker Hidden Road for $1.25 billion in 2025, it gained the business capabilities to clear trades, finance investment positions, and process transactions in equities, bonds, foreign exchange, and digital assets. The Tradr 2X Long SNDK Daily ETF pays Ripple a fee of the overnight bank funding rate plus 4 percentage points, translating to an annualized financing cost of approximately 8% at current rates.
Michael Saylor Publishes Long Article "Prescriptions for Prosperity in the Digital Economy": BTC Should Be Integrated into the Banking and Insurance System
Odaily Report: Michael Saylor published a long article titled "Prescriptions for Prosperity in the Digital Economy," stating that artificial intelligence will greatly enhance the productive capacity of individuals and enterprises, thus requiring greater freedom to create, finance, own, and trade assets. He proposed establishing a "Digital Bill of Rights" for digital assets, the core of which is to grant individuals and enterprises the rights to Create, Issue, Custody, Transfer, and Use digital assets, and to provide foundational protections in financial privacy, asset ownership, and market access.Saylor believes that digital intelligence will drive the birth of a large number of new enterprises, and that the cost, complexity, and time required for financing should be reduced, while capital formation efficiency should be improved through means such as digital tokens. He proposed aiming to enable 10 million new businesses to access financing, while establishing clear issuance rules and risk-matched information disclosure requirements.Regarding the digital dollar, Saylor advocates allowing banks, fintech companies, and technology platforms to compete more fully in digital dollar products, and permitting issuers to compete on yield. He believes that the United States can further expand the global reach of the dollar by allowing enterprises to develop more competitive digital dollar products.As for Bitcoin, Saylor defines it as "Digital Capital," advocating that banks be allowed to custody Bitcoin under clear rules and provide credit using it as collateral, while establishing a viable path for insurance companies to include digital capital in their balance sheets and product design. He specifically mentioned that the Basel Accord applies a 1250% risk weight to certain crypto asset exposures, and believes that regulators should reassess relevant capital requirements based on the actual risks of digital assets and specific business activities.
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)
OKX Survey: More European Investors Choose Crypto as a Long-Term Wealth Tool Than Retirement Plans
Odaily reports: OKX conducted a survey of 1,932 adults who have invested in cryptocurrency, with respondents from the United States, France, Germany, the Netherlands, and Poland. Among European respondents, 19% view cryptocurrency as a long-term wealth accumulation tool, while 8% choose traditional retirement plans; real estate tops the list at 34%.Nearly half of European respondents expect to increase their cryptocurrency holdings, with 47% planning to add to their positions and 13% planning to significantly increase their holdings. Across all age groups, 51% expect to increase their crypto asset allocation; among baby boomers, 55% believe cryptocurrency is not important for generational wealth accumulation.Among U.S. respondents, 21% choose retirement accounts as a long-term wealth tool, while 12% choose cryptocurrency. Excluding baby boomers, 55% of U.S. respondents expect to increase their crypto asset allocation over the next five years, with 22% planning to significantly increase it. (Cointelegraph)
Robinhood CEO Says US Tokenized Market Needs Long-Term Regulatory Rules
Odaily reports: Vlad Tenev, CEO of fintech company Robinhood, said the US tokenized market needs more durable regulatory rules. On the company's third-quarter earnings call, he stated that the US Securities and Exchange Commission (SEC)'s innovation exemption is a positive step, but uncertainty in regulatory rules could deter investors from committing substantial assets to the tokenized market.Tenev said that establishing further rules or passing legislation would help provide long-term regulatory certainty. Robinhood plans to launch tokenized private company equity products overseas; in the US, the company is seeking a compliant path that fits within existing investor accreditation restrictions.Robinhood currently offers about 200 tokenized equities, backed by underlying shares, but the products are structured as tokenized debt securities and do not carry the same shareholder rights as traditional stocks, and therefore do not meet the SEC's innovation exemption requirements. In the third quarter, the company's crypto revenue fell 55% year-over-year to $120 million, while crypto notional trading volume dropped 38% to $50 billion. (Cointelegraph)
Bank of Korea Warns: Mounting Vulnerabilities in the AI Sector from Heavy Reliance on External Financing and Intensifying Circular Finance as Long-Term Interest Rates Rise
According to Yonhap News Agency, Section Chief Kim Yun-kyung and Investigator Wang Jae-kun of the Bank of Korea’s Investigation Bureau noted in their October 27 report, "Major Characteristics and Risk Assessment of Funding in the AI Industry," that intensifying fundraising competition in the AI sector recently has heightened dependence on external funding and expanded circular finance, fueling growing warnings about financial risks triggered by AI. The report notes that this year, hyperscale data center operators have substantially broadened external financing primarily through long-term corporate bonds, while AI-focused cloud companies have increasingly turned to GPU-backed credit and convertible bonds. AI firms are also actively leveraging off-balance-sheet financing instruments such as special purpose vehicles, joint ventures, and leasing. Meanwhile, the volume of circular transactions between hyperscale firms and AI chipmakers for future sales, facilitated by supply chain investments, continues to grow. The report assesses that while the financial health of major leading enterprises remains solid and the likelihood of AI-related financial risks materializing is currently low, vulnerabilities are steadily building amid rising long-term interest rates. Primary risk factors include delays in AI monetization and the propagation of shocks stemming from circular finance. Particular attention should be directed toward the potential risks posed by AI cloud companies that exhibit inadequate financial buffers and low information transparency. The report emphasizes that as South Korea stands to benefit the most from the AI boom, its deep integration into global supply chains could amplify the transmission intensity of real-economy and financial shocks triggered by AI compared to previous cycles. It is essential to continuously monitor the accumulation of potential vulnerabilities and the likelihood of risks materializing.
Milei Laments LIBRA Scandal Being Politically Exploited in Lengthy Post: "Who Will Compensate Me for the Year, Eight Months, and Nine Days I've Endured?"
Odaily reports: Regarding the previous LIBRA token scandal, as an Argentine judge dismissed the criminal investigation against Milei, the matter has come to a close. In response, Milei published a lengthy post on X lamenting: "Now who will compensate me for the lies, slander, and defamation I have suffered over the past year, eight months, and nine days—lies, slander, and defamation whose sole purpose was to tarnish my good name and honor?Justice has once again set things right, exposing that massive political and media operation whose only goal was to undermine the authority of the presidency for the purpose of a political coup.I celebrate the normal functioning of the institutions of the Republic, and a judicial system that has not been dragged down by the clownish performances of the usual operators.This lawsuit was politically exploited, not only by certain factions of the opposition, who thought they could overthrow us to restore their privileges, but also by other forces, such as the La Nación group and its henchmen, to extort the government in exchange for evading their tax obligations.To those paid journalists, mercenaries of lies, and people like Hugo Alconada Mon, Carlos Pagni, Paulino Rodríguez, Natalia Volosin, Novaresio, and all others who exploited this topic: now who is responsible for all the garbage you spread?The truth always prevails in the end. Long live freedom, damn it...!!!"
First tokenized deposit loan participation payment goes live, with Vantage Bank and Rio Bank completing the collaboration
Odaily reports: Vantage Bank and Rio Bank, through the Participate loan servicing platform, used Hazel Network tokenized deposits to complete principal and interest payments for loan participants. Participate stated that after Vantage submitted the payment, the platform completed the allocation of principal and interest, and the tokenized deposits reached the receiving institution's digital wallet in less than 3 minutes. Loan balances and payment notifications were automatically updated in sync, connecting with the traditional process that relies on wire transfers, spreadsheets, and email notifications. The payment, announced on October 19, is the first implementation following the two banks' collaboration in April of this year. Custodia CEO Caitlin Long confirmed that the transaction occurred on the Ethereum mainnet. Hazel was jointly developed by Vantage Bank and Custodia: Participate is a company under BankLabs, providing loan workflows and payment instructions; Vantage provides banking services and reserves; Custodia handles wallets, blockchain operations, compliance, and reconciliation monitoring. According to the Hazel whitepaper, the settlement model includes both on-chain records and traditional bank ledger records, only approved participants can transact, and customer identity and account information remain off-chain. Participate plans to offer tokenized deposits and Fedwire payment automation services to 750 banks for loan participations and syndicated payments.
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)
Hyperliquid whale places ~$20M ETH buy order, existing longs down $4.63M unrealized
According to Onchain Lens, trader Long Loyalist deposited 4.9 million USDC into Hyperliquid about an hour ago and placed a buy order for 9,630 ETH, valued at approximately $20 million. The trader currently holds 4,860 ETH in long positions, worth around $10.94 million, with unrealized losses across 39 positions totaling $4.63 million, and cumulative historical losses reaching $4.29 million.
Trader Killa: Binance FUD May Coincide with This Cycle's Last Major Low, Continuing to Hold BTC Long Position
Odaily reports: Trader Killa posted that he is still holding a BTC long position with an entry price of $76,400. Although a previous 15% unrealized gain has now been largely given back, his original target was a 75% to 100% return, so his current trading plan remains unchanged.Killa revealed that in his 10x leverage long strategy, the aggressive re-entry position at $82,800 will be stopped out at $74,000; if BTC drops to $74,000, he will reassess the market and consider establishing another 10x leverage long position. BTC is currently about 13% below its all-time high, possibly nearing the last major low of this cycle, and he expects the drawdown will not reach 20%. He specifically noted that the Binance FUD coincides with the timing of the U.S. midterm elections, and believes the current market panic may be the last bottoming-out before BTC begins a new significant rally.Amid market pressure and continuous FUD news, investors should stay calm and avoid making emotional decisions based on news or short-term price fluctuations. He stated that he will continue to hold the long position until the target price is reached or the stop-loss is triggered.
A Whale Opens 20x Leverage Long Position on GOOGL, Position Value Reaches $14.3 Million
Odaily Report: According to on-chain analyst Ai Yi's monitoring, after Google's stock price recorded the largest single-day drop in history, an address opened a 20x long position on GOOGL 40 minutes ago. It currently holds 50,000 shares, valued at $14.3 million, with an average entry price of $283.01 and current unrealized profit of $154,000.19 hours ago, this address closed a MU long position, earning a profit of $1.637 million, bringing the account's total profit to over $2.03 million.
Analysts: Bitcoin Long-Term Holder indicators have not yet sent signals, and the market may still be in the early stages of an uptrend cycle.
Analyst Crypto Dan noted that historically, when the on-chain share of Bitcoin held for over 18 months rises and then begins to decline, it has typically been followed by a strong rally. He believes the market has already entered a bullish cycle but remains in its early stages, with the aforementioned signal yet to emerge. Additionally, the crypto market has not yet become overheated, as most investors are maintaining a wait-and-see stance, suggesting that the true uptrend may not have started just yet.
UXLINK Hacker Goes Long on 30,300 ETH, Position Value $70.25 Million, Unrealized Profit $5.62 Million
Odaily Report: According to monitoring by on-chain analyst Ember, a hacker who stole approximately $40 million in assets from UXLINK last year opened a long position of 30,300 ETH on Hyperliquid at a price of $2,134, with a position value of $70.25 million and current unrealized profit of $5.62 million. The funding source address for the ETH long position has a direct fund intersection with a known UXLINK hacker address: one month ago, both addresses consolidated their remaining ETH Gas to the same wallet on the same day. In early August, after consolidating 11.54 million USDC from multiple channels, the hacker began trading ETH on Hyperliquid, opening positions 6 times in total, with 5 profitable trades and total profits of $5.71 million.
CZ Clarifies SPCX Holdings Controversy: Never Said He Wanted to Sell, Believes It Is Worth Holding Long-Term
Odaily Report: CZ posted on X in response to discussions about SPCX stock, stating that he never said he wanted to sell SPCX shares. He previously mentioned holding the stock because a related post comparing Binance with FTX might have led outsiders to mistakenly believe that Binance lacks funds; what he actually meant to express was that Binance holds other assets in addition to crypto assets.CZ also stated that the scale of the relevant assets held by Binance is merely a drop in the ocean for the other party and could not possibly pose a threat, and said that SPCX will remain a high-quality stock worth holding long-term for a very long time to come. He also called on outsiders not to frame the matter as confrontation and said there is no need to deliberately create division.Earlier reports said that CZ, in a post replying to Musk's comment on Binance being hacked, stated: "I respect you very much, but now is not the time for jokes. Our SPCX stock (from our $500 million investment in your acquisition of Twitter) is now worth more than a billion dollars. I would be very grateful if you could show a little support."
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)
UXLINK Hacker Goes Long on 30,300 ETH, Position Value $70.25 Million, Unrealized Profit $5.62 Million
Odaily Report: According to monitoring by on-chain analyst Ember, a hacker who stole approximately $40 million in assets from UXLINK last year opened a long position of 30,300 ETH on Hyperliquid at a price of $2,134, with a position value of $70.25 million and current unrealized profit of $5.62 million. The funding source address for the ETH long position has a direct fund intersection with a known UXLINK hacker address: one month ago, both addresses consolidated their remaining ETH Gas to the same wallet on the same day. In early August, after consolidating 11.54 million USDC from multiple channels, the hacker began trading ETH on Hyperliquid, opening positions 6 times in total, with 5 profitable trades and total profits of $5.71 million.
Analyst: Long-term holders' transfers to exchanges remain low during BTC decline, short-term holder selling pressure weakens
Odaily News: On-chain analyst Murphy posted on X that during the recent BTC decline, the scale of BTC transfers to exchanges by short-term holders (STH) increased significantly, with an average of approximately 2,200 BTC transferred per hour within a 4-hour window, reaching the fourth-highest level since the market rally began in August this year. However, the transfer peak on October 15 was already lower than that of October 8, indicating that the potential selling pressure from short-term holders has somewhat weakened.In contrast, long-term holders (LTH) transferred only about 480 BTC per hour to exchanges during the same period, roughly one-fifth of that of short-term holders. Murphy noted that on October 8, long-term holders had a transfer peak of approximately 3,700 BTC per hour, which may have been partly related to asset transfers triggered by a hardware wallet security incident. However, considering that both long-term and short-term holders showed large-scale transfers on that day and BTC prices fell rapidly, actual selling pressure still existed in the market.Murphy believes that during the current decline, those transferring BTC to exchanges are primarily short-term holders, while long-term holders remain relatively stable overall, and the transfer intensity of short-term holders has weakened compared to before, reflecting that the BTC holder structure still possesses a certain degree of resilience.
Paradigm Co-founder: Zcash Developer Fund Is Crucial, Pure Coin-Holder Voting May Undermine Long-Term Trust
Paradigm co-founder Matt Huang posted on the X platform outlining some views on Zcash. He stated that blockchain ecosystems generally face the challenge of long-term funding sources, especially for public goods financing, and that funding developer funds through an inflation mechanism is a viable approach. He believes that amid the backdrop of AI-enhanced cyberattack capabilities and the rapid development of quantum technology, the Zcash developer fund remains highly significant.Matt Huang also stated that as Zcash gains greater acceptance and adoption as a privacy supplement to Bitcoin, governance relying purely on coin-holder voting may introduce unpredictability and affect its ability to build long-term trust as a monetary asset. Therefore, Zcash is better suited to combining coin-holder voting with other governance approaches. Matt Huang also disclosed that Paradigm is an investor in ZEC and ZODL.In the early hours of today, ZEC briefly broke above $1,385, setting a new all-time high.
U.S. Department of Justice Prosecutes Group in $240 Million Bitcoin Theft Case, Ringleader Expected to Plead Guilty
According to the Associated Press, the U.S. Department of Justice has charged Ma Long Ram and 17 other defendants in connection with a Bitcoin theft scheme valued at over $240 million. Prosecutors allege that the group carried out a social engineering attack on a Washington resident by impersonating employees of Google and cryptocurrency exchange Gemini, thereby gaining control of their accounts and security codes to steal more than 4,100 Bitcoin. The suspects subsequently laundered the proceeds through multiple trading platforms and spent the money on sports cars, mansions, luxury watches, private jet services, and nightclub expenses.
CZ Clarifies SPCX Holdings Controversy: Never Said He Wanted to Sell, Believes It Is Worth Holding Long-Term
Odaily Report: CZ posted on X in response to discussions about SPCX stock, stating that he never said he wanted to sell SPCX shares. He previously mentioned holding the stock because a related post comparing Binance with FTX might have led outsiders to mistakenly believe that Binance lacks funds; what he actually meant to express was that Binance holds other assets in addition to crypto assets.CZ also stated that the scale of the relevant assets held by Binance is merely a drop in the ocean for the other party and could not possibly pose a threat, and said that SPCX will remain a high-quality stock worth holding long-term for a very long time to come. He also called on outsiders not to frame the matter as confrontation and said there is no need to deliberately create division.Earlier reports said that CZ, in a post replying to Musk's comment on Binance being hacked, stated: "I respect you very much, but now is not the time for jokes. Our SPCX stock (from our $500 million investment in your acquisition of Twitter) is now worth more than a billion dollars. I would be very grateful if you could show a little support."
Gate ETF Launches SOXS and CBRS 3x Long/Short Trading Pairs, Alongside 60,000 USDT Trading Rewards Campaign
Odaily reports: According to an official announcement, Gate ETF launched SOXS3L/USDT (buying equals 3x long SOXS), SOXS3S/USDT (buying equals 3x short SOXS), CBRS3L/USDT (buying equals 3x long CBRS), and CBRS3S/USDT (buying equals 3x short CBRS) trading pairs on October 29 at 15:00 (UTC+8), offering users more leveraged trading options.To coincide with the new listings, Gate has simultaneously launched an ETF new listing trading challenge. The campaign runs from October 29 at 15:00 to November 7 at 15:00 (UTC+8), featuring a total prize pool of 60,000 USDT, with a single user eligible for up to 670 USDT in combined rewards.The campaign includes four major tasks: new listing first-trade rewards, cumulative trading check-ins, a community-wide trading prize pool, and friend referrals. Users who complete their first trade with a trading volume of at least 100 USDT have a chance to receive a 10 USDT ETF trading fee rebate voucher; participating in cumulative trading check-ins can earn up to 100 USDT in rewards; the community-wide trading prize pool can unlock up to 30,000 USDT, with eligible users sharing rewards proportionally based on trading volume, up to a maximum of 500 USDT per person.
Bitwise: Ten-Year Bitcoin Price Forecast Raised from $1.3 Million to $1.6 Million
According to The Block, in its report published on Wednesday titled "2027 Bitcoin Long-Term Capital Market Assumptions," crypto asset management firm Bitwise raised its 10-year Bitcoin price forecast from $1.3 million to $1.6 million, projecting a compound annual growth rate (CAGR) of 34.3% for Bitcoin over the period. The report states that the base case scenario assumes Bitcoin will capture 25% of the global store-of-value market and 1% of institutional investment assets by 2036; its bear case is $130,686, while its bull case is $3.67 million. Bitwise Chief Investment Officer Matt Hougan stated that the company maintained its market share assumptions unchanged but increased its 2036 estimate for the global store-of-value market from $91 trillion to $110 trillion, and its institutional investment market size from $216 trillion to $303 trillion. The report also noted that Bitcoin's maximum supply is 21 million coins, with 20.1 million currently in circulation, accounting for 95.7% of the total supply.
Bitwise: Bitcoin Could Rise to $1.6 Million by 2036 Under Base Case Scenario
Odaily News: Bitwise has released its "2027 Bitcoin Long-Term Capital Market Assumptions" report, forecasting Bitcoin's returns, volatility, and correlation with equities over the next 10 years. Bitwise stated that under its base case scenario, Bitcoin is expected to rise to $1.6 million by 2036.
Robinhood CEO Says US Tokenized Market Needs Long-Term Regulatory Rules
Odaily reports: Vlad Tenev, CEO of fintech company Robinhood, said the US tokenized market needs more durable regulatory rules. On the company's third-quarter earnings call, he stated that the US Securities and Exchange Commission (SEC)'s innovation exemption is a positive step, but uncertainty in regulatory rules could deter investors from committing substantial assets to the tokenized market.Tenev said that establishing further rules or passing legislation would help provide long-term regulatory certainty. Robinhood plans to launch tokenized private company equity products overseas; in the US, the company is seeking a compliant path that fits within existing investor accreditation restrictions.Robinhood currently offers about 200 tokenized equities, backed by underlying shares, but the products are structured as tokenized debt securities and do not carry the same shareholder rights as traditional stocks, and therefore do not meet the SEC's innovation exemption requirements. In the third quarter, the company's crypto revenue fell 55% year-over-year to $120 million, while crypto notional trading volume dropped 38% to $50 billion. (Cointelegraph)
Milei Laments LIBRA Scandal Being Politically Exploited in Lengthy Post: "Who Will Compensate Me for the Year, Eight Months, and Nine Days I've Endured?"
Odaily reports: Regarding the previous LIBRA token scandal, as an Argentine judge dismissed the criminal investigation against Milei, the matter has come to a close. In response, Milei published a lengthy post on X lamenting: "Now who will compensate me for the lies, slander, and defamation I have suffered over the past year, eight months, and nine days—lies, slander, and defamation whose sole purpose was to tarnish my good name and honor?Justice has once again set things right, exposing that massive political and media operation whose only goal was to undermine the authority of the presidency for the purpose of a political coup.I celebrate the normal functioning of the institutions of the Republic, and a judicial system that has not been dragged down by the clownish performances of the usual operators.This lawsuit was politically exploited, not only by certain factions of the opposition, who thought they could overthrow us to restore their privileges, but also by other forces, such as the La Nación group and its henchmen, to extort the government in exchange for evading their tax obligations.To those paid journalists, mercenaries of lies, and people like Hugo Alconada Mon, Carlos Pagni, Paulino Rodríguez, Natalia Volosin, Novaresio, and all others who exploited this topic: now who is responsible for all the garbage you spread?The truth always prevails in the end. Long live freedom, damn it...!!!"
Related news
CZ Responds to SPCX Holding Controversy: Never Stated Plans to Sell, Remains Bullish on Long-Term Value
CZ stated that he never intended to sell his SPCX shares, and that his prior mention of the holding was simply to show that Binance holds assets beyond cryptocurrency. He believes SPCX will remain a worthwhile long-term hold for the foreseeable future, and urged the public not to interpret this matter as a confrontation.
CZ Clarifies SPCX Holdings Controversy: Never Said He Wanted to Sell, Believes It Is Worth Holding Long-Term
Odaily Report: CZ posted on X in response to discussions about SPCX stock, stating that he never said he wanted to sell SPCX shares. He previously mentioned holding the stock because a related post comparing Binance with FTX might have led outsiders to mistakenly believe that Binance lacks funds; what he actually meant to express was that Binance holds other assets in addition to crypto assets.CZ also stated that the scale of the relevant assets held by Binance is merely a drop in the ocean for the other party and could not possibly pose a threat, and said that SPCX will remain a high-quality stock worth holding long-term for a very long time to come. He also called on outsiders not to frame the matter as confrontation and said there is no need to deliberately create division.Earlier reports said that CZ, in a post replying to Musk's comment on Binance being hacked, stated: "I respect you very much, but now is not the time for jokes. Our SPCX stock (from our $500 million investment in your acquisition of Twitter) is now worth more than a billion dollars. I would be very grateful if you could show a little support."
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)
Hyperliquid whale places ~$20M ETH buy order, existing longs down $4.63M unrealized
According to Onchain Lens, trader Long Loyalist deposited 4.9 million USDC into Hyperliquid about an hour ago and placed a buy order for 9,630 ETH, valued at approximately $20 million. The trader currently holds 4,860 ETH in long positions, worth around $10.94 million, with unrealized losses across 39 positions totaling $4.63 million, and cumulative historical losses reaching $4.29 million.
Trader Killa: Binance FUD May Coincide with This Cycle's Last Major Low, Continuing to Hold BTC Long Position
Odaily reports: Trader Killa posted that he is still holding a BTC long position with an entry price of $76,400. Although a previous 15% unrealized gain has now been largely given back, his original target was a 75% to 100% return, so his current trading plan remains unchanged.Killa revealed that in his 10x leverage long strategy, the aggressive re-entry position at $82,800 will be stopped out at $74,000; if BTC drops to $74,000, he will reassess the market and consider establishing another 10x leverage long position. BTC is currently about 13% below its all-time high, possibly nearing the last major low of this cycle, and he expects the drawdown will not reach 20%. He specifically noted that the Binance FUD coincides with the timing of the U.S. midterm elections, and believes the current market panic may be the last bottoming-out before BTC begins a new significant rally.Amid market pressure and continuous FUD news, investors should stay calm and avoid making emotional decisions based on news or short-term price fluctuations. He stated that he will continue to hold the long position until the target price is reached or the stop-loss is triggered.
A Whale Opens 20x Leverage Long Position on GOOGL, Position Value Reaches $14.3 Million
Odaily Report: According to on-chain analyst Ai Yi's monitoring, after Google's stock price recorded the largest single-day drop in history, an address opened a 20x long position on GOOGL 40 minutes ago. It currently holds 50,000 shares, valued at $14.3 million, with an average entry price of $283.01 and current unrealized profit of $154,000.19 hours ago, this address closed a MU long position, earning a profit of $1.637 million, bringing the account's total profit to over $2.03 million.