News linked to both this project and an event.
Odaily reports: Crypto analyst Darkfost posted that the Bitcoin Unified Sentiment Index has fallen back into negative territory, currently at -11 and continuing to decline, indicating that the previous extreme greed phase has passed and bearish market sentiment is beginning to accumulate.Darkfost noted that the current index reading remains within a relatively neutral range but clearly reflects deteriorating sentiment in the Bitcoin market. The index fluctuates between -100 and +100, combining the Fear and Greed Index and CoinGecko sentiment survey data, and is standardized based on a rolling one-year window.
Odaily report: Crypto trader Ansem posted that he is currently bearish on Bitcoin, Ethereum, and large-cap stocks, though he does not believe retail speculative activity will cool significantly as a result. He expects the market to see sharp two-way volatility in Q4, with some on-chain assets still likely to perform well.Ansem noted that this week's Federal Reserve interest rate decision and major earnings reports from several companies will bring significant event risk. AI momentum stocks have formed lower highs after their run-up and lost their prior trend. However, he said this is not a call for a bearish longer-cycle market outlook—the market may still experience a pullback first before continuing its uptrend.
Odaily reports: Digital trading platform Robinhood Markets' prediction market revenue is projected to reach $1.7 billion by 2028, exceeding the estimated $1.6 billion in crypto business revenue for the same period. Bernstein analysts expect prediction market revenue to grow from approximately $650 million this year to $1.7 billion by 2028, accounting for about 18% of the company's projected total revenue of $9.4 billion that year.Bernstein has raised its revenue estimates for Robinhood in 2026, 2027, and 2028 by 3%, 4%, and 3% respectively, while maintaining its $160 price target unchanged. Analysts expect the company's third-quarter revenue to grow 13% quarter-over-quarter to approximately $1.5 billion, driven by growth in equity notional trading volume, options trading volume, and event contract trading volume, as well as a recovery in crypto trading volume. (Cointelegraph)
IOSG Ventures has announced its investment in Fun. Fun is building global funding rails for the internet market, integrating fragmented elements such as fiat on-ramps, currencies, assets, wallets, and blockchain networks into a single embedded integration, enabling users to conveniently complete the inflow, cross-platform circulation, and outflow of funds within the platform.
Odaily reports: Brazilian President Lula won a fourth presidential term with 51.8% of the vote in the second round of the presidential election. The election result came as a surprise to the market, and Brazilian stocks, bonds, and the real exchange rate are facing selling pressure.Early trading indications showed that perpetual contracts linked to the iShares MSCI Brazil ETF (EWZ) on Hyperliquid fell as much as 27%, while real currency derivative contracts on the Chicago Mercantile Exchange (CME) indicated that the real could weaken to 5.55 per dollar, implying a decline of more than 10% from last Friday's closing level. Brazilian domestic trading institutions warned that selling pressure after the market opens could trigger circuit breaker mechanisms.Previously, the market widely bet on a Bolsonaro victory, and Brazilian assets rebounded sharply after the first round of voting. Now that the election result has reversed, related trades face liquidation pressure. Analysts noted that the market may reassess Brazil's fiscal outlook, interest rate trajectory, and exchange rate risks in the short term, and that continued escalation of political disputes could further amplify asset volatility. (Bloomberg)
Odaily reports: Crypto analyst Darkfost posted that this round of deleveraging was driven by a combination of price declines, cascading liquidations, and traders actively closing positions to reduce risk. Looking back at July of this year, Ethereum also experienced a more severe contraction in open interest, after which it stabilized and rebounded, gaining over 32% and briefly breaking above $2,800. Deleveraging is part of the market correction process; such phases are often accompanied by panic sentiment and may also occur at the tail end of a correction.Over the past three weeks, the altcoin market has shown overall weakness, with Ethereum's price pulling back roughly 15% and its market cap shrinking by approximately $54 billion. In the derivatives market, ETH open interest on Binance fell by $1.3 billion over the past month, a decline of nearly 20%, dropping to $5.7 billion; total ETH open interest across the entire network fell to $11.5 billion.
Odaily reports: Onchain analytics firm Dune has launched Market Data Feeds, covering spot and perpetual futures trading across various onchain venues, and standardizing fields such as instrument, venue, buy/sell direction, price, and USD value, making it easier for subscribers to compare trade execution across protocols and blockchains. Dune stated that the product's spot data covers more than 200 trading venues, with the relevant data delivered approximately 1 second after the block containing the transaction is produced; the data is not visible before transaction settlement, nor does it cover the complete records of all offchain protocols.
Odaily reports: Franklin Templeton on Thursday issued approximately $150 million worth of tokenized money market fund shares on the XRP Ledger, bringing the related shares on that network to nearly 193 million. At $1.039 per share as recorded in transaction records, the related shares are worth approximately $200 million in total. The new shares were issued through two subscription transactions of $75 million each, both transferred to the same wallet, which as a result holds all of the fund's shares on the XRP Ledger. On-chain records show that this wallet shares the same 8 authorized signer addresses as Franklin Templeton's issuance account, with any two addresses able to jointly approve transactions. It is currently unclear whether the wallet represents a single investor or is held by a custodian on behalf of multiple clients' assets; the identity of the relevant investors and the source of funds have not been disclosed. These tokens correspond to shares of Franklin Templeton's Singapore-registered OnChain U.S. Dollar Short-Term Money Market Fund. The fund primarily invests in short-term U.S. dollar debt and money market instruments, with returns reflected in the share price. The fund's tokenized assets on the XRP Ledger rank second in size only to Ripple's RLUSD stablecoin. Holding the related tokens requires approval from the issuer, and the issuer also retains the authority to freeze balances and claw back tokens.
Odaily reports: U.S. spot Bitcoin ETFs saw a net outflow of $635.6 million on Thursday, the largest single-day net outflow since June. Among them, BlackRock's IBIT saw a net outflow of $254.1 million, Fidelity's FBTC saw a net outflow of $217.5 million, and Ark Invest and 21Shares' ARKB saw a net outflow of $109.4 million. Morgan Stanley's MSBT bucked the trend with a net inflow of $2.3 million; since its launch in April this year, the fund has recorded only one single-day net outflow.Despite the large outflow on Thursday, U.S. spot Bitcoin ETFs still recorded cumulative net inflows of $442.7 million this week. Since their launch in January 2024, such ETFs have accumulated more than $57 billion in net inflows, with assets under management exceeding $100 billion. Meanwhile, U.S. spot Ethereum ETFs saw a net outflow of $110.6 million on Thursday, Solana and Hyperliquid ETFs also saw outflows, while XRP ETFs recorded a net inflow of $3.6 million.In the market, Bitcoin fell to about $81,500 at one point on Friday, down 3.4% over the past 24 hours. The selloff in U.S. tech stocks spread to Asian markets, compounded by concerns over AI spending and geopolitical tensions, weighing on crypto market performance. Over the past 24 hours, liquidations of leveraged positions in the crypto market totaled at least $440 million, of which about $397 million were long liquidations. Jeff Anderson, head of STS Digital's U.S. division, said the market has recently remained in a trading range of $80,000 to $86,000, and attention should be paid to the direction of a breakout from the range. (The Block)
Fundstrat co-founder and Bitmine chairman Thomas Lee (@fundstrat) posted that "everyone is being too pessimistic right now." He previously noted after speaking with technical analyst Mark Newton on CNBC's Closing Bell that tech stocks appear to be essentially hitting support levels.
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)
Odaily reports: Bankless founder David Hoffman reposted Lighter's regulatory update on X and wrote: "Lighter season back on btw."During Lighter's Q3 investor call held last night via webcast, David Hoffman, speaking as an investor, asked: "Given that Lighter has already had extensive prior communication with the CFTC (U.S. Commodity Futures Trading Commission), do you expect the approval of the DCM (Designated Contract Market) and DCO (Derivatives Clearing Organization) licenses to come earlier than the CFTC's stipulated 180-day review period?"Lighter founder and CEO Vladimir Novakovski responded: "We believe that the extensive prior communication will make the whole process much smoother... The CFTC currently has a lot on its plate, so we can't give an exact timeline yet... However, the CFTC is a fast-moving team internally, so we expect the overall approval process to go relatively smoothly."Previously, David Hoffman reportedly sold all his ETH and rotated into tokens such as LIT, ZEC, and NEAR, with the rotated tokens subsequently significantly outperforming ETH.
Odaily reports: AI company Anthropic posted a net loss of approximately $80.7 billion in the first half of 2026, a significant widening from $13 billion in the same period last year. Meanwhile, the tens of millions of dollars in equity awards granted to the company's co-founder siblings have sparked considerable controversy.It is reported that Anthropic co-founder and CEO Dario Amodei and his sister, company president Daniela Amodei, each receive a base salary of approximately $655,000, but when stock and option awards are included, their total annual compensation reaches approximately $18 million and $16.5 million respectively.Market observers believe Anthropic is facing a wave of FUD-driven public pressure, which may be linked to concerns in both traditional financial markets and the crypto market about potential liquidity drain from a large-scale IPO. Neither traditional financial markets nor the crypto market wants to see another massive liquidity outflow like the one that occurred during the SpaceX IPO. (New York Post)
Odaily reports: Solana-based meme coin Kimchi reached a market cap of $40 million one hour after launch, currently at $38.71 million, with trading volume reaching $23.7 million. Kimchi (@kimchi1x) currently holds 75.32% of the total supply of this meme coin. This trader rarely posts trading records or calls, mainly sharing photos and videos related to lifestyle, travel, luxury cars, and watches.Pump.fun co-founder alon stated that Kimchi is the first person to truly bridge the gap between the crypto industry and popular culture, and the first case of a trader growing into a public celebrity. alon said that Kimchi is helping Pump.fun develop creative direction and drive ecosystem expansion.
Odaily reports: Crypto analyst Darkfost published a post on X outlining the evolution of JPMorgan CEO Jamie Dimon's attitude toward Bitcoin in recent years.In 2017, Dimon called Bitcoin a "fraud"; in 2018, he expressed regret over those remarks and acknowledged the value of blockchain technology; from 2019 to 2020, he said Bitcoin "doesn't appeal to him"; in 2021, he called it "worthless"; in 2023, he said that if he had the power, he would ban Bitcoin and other cryptocurrencies; and in 2024, he likened Bitcoin to "pet rocks" and a Ponzi scheme.In 2025, Dimon still criticized Bitcoin for lacking value and being used for money laundering, but later stated that everyone has the right to buy Bitcoin. Now, JPMorgan in its 2027 outlook has listed Bitcoin as the asset with the best long-term return performance.Previously reported, JPMorgan Asset Management released its "2027 Long-Term Capital Market Assumptions" report on October 19, including Bitcoin in its long-term return projections for the first time and forecasting a compound annual growth rate of 10% over the next 10 to 15 years, higher than the 7.5% for U.S. large-cap stocks, 5.5% for gold, and 8.2% for U.S. real estate investment trusts (REITs).
Odaily reports: Market analyst Murphy posted on X that MSCI officially approved new rules on October 15 to exclude non-operating companies that do not meet standards from its global investable market indices. Strategy had already been placed on the proposed removal list in a prior simulated screening, with the final results to be announced on November 11 and effective on November 30. Related index funds hold approximately 13 million shares of MSTR, valued at nearly $1.8 billion, equivalent to 60% of its 30-day average daily trading volume.Murphy stated that Strategy's core logic lies in driving growth in net Bitcoin per share through capital operations, and whether it can sustain this depends on market premiums and the extent of their contraction. MSTR's future performance depends on three variables: Bitcoin price, net Bitcoin per share, and mNAV; as of market close on October 16, its mNAV stood at 1.08x.
Decentralized trading platform Aster announced on X that, in light of recent developments related to PAPER and potential market risks, it has immediately adjusted the PAPER pre-market perpetual contract market to reduce-only mode.Aster stated that the contract will be officially delisted at 9:45 AM Beijing time on October 20, and advised users still holding open positions to proactively close them before the delisting.The platform said this move is a precautionary risk management measure aimed at maintaining orderly market trading.
Odaily Report: Bitcoin News posted on X that Bitcoin rose about 2.4%, hitting a five-day high near $82,830 and rebounding from a low near $80,600 caused by weekend selling. Market expectations for another Fed rate hike have declined significantly, with traders now pricing in about a 12% probability that the Fed will raise rates at its October 28 meeting. Higher-than-expected U.S. inflation data last week had briefly sparked concerns about further monetary tightening; meanwhile, falling oil prices and U.S. Treasury yields improved investor sentiment.
10x Research's latest crypto market weekly report notes that the crypto market broadly suffered a sell-off last week, with altcoins declining significantly more than Bitcoin. The 141 tokens it tracks fell 14% on average, while Bitcoin dropped only 3% over the same period.10x Research states that trading volume in the crypto market is currently declining, stablecoin supply continues to contract, and ETF fund flows have turned to net outflows, reflecting mounting pressure on market liquidity.However, options market pricing indicates that pressure remains relatively low, while speculative positions in the CME futures market are near highs, suggesting that the derivatives market has not yet fully reflected the weak performance of the spot market.10x Research believes that investors should focus this week on key Bitcoin technical levels, Ethereum position allocation, as well as capital flows and position changes in the altcoin market.
market analysts are divided on whether Bitcoin can return to $100,000 before the end of 2026.Ryan Rasmussen, Head of Research at crypto asset management firm Bitwise, believes that factors such as institutional demand through ETFs and corporate Bitcoin purchases, concerns over inflation and government debt, and an improving regulatory environment are expected to push Bitcoin to higher levels by year-end, potentially even breaking through $100,000.Adam Morgan McCarthy, Head of Research at London-based crypto trading and market data firm LO:TECH, expects Bitcoin to trade mainly in the $85,000 to $95,000 range through year-end. He noted that inflation pressures and the possibility of further rate hikes by the Federal Reserve will continue to weigh on Bitcoin's performance. U.S. consumer prices rose 0.6% month-over-month in September, with core CPI up 0.3% month-over-month, complicating the outlook for monetary policy.Luca Invernizzi, Senior Derivatives Trader at Nomura's crypto unit Laser Digital, said Bitcoin will remain primarily driven by macroeconomic factors and U.S. long-term Treasury yields in the near term. However, market leverage has been largely flushed out, and if Bitcoin effectively breaks above $90,000, it could trigger a new round of short-covering. James Butterfill, Head of Research at CoinShares, also believes that the contradiction between inflation and a weakening job market will influence the Fed's subsequent policy decisions and Bitcoin's trajectory. (CoinDesk)