News linked to both this project and an event.
Odaily reports: Crypto analyst Darkfost stated that since late August, small- and mid-cap crypto assets have seen the strongest market cap growth, with the gap between their monthly average and yearly average market cap continuing to widen, and the relevant ratio now reaching 41%. By comparison, Bitcoin's ratio stands at 7%, while large-cap crypto assets are at just 3.5%.Darkfost noted that this trend is relatively rare, as rallies are typically initiated by Bitcoin first, as was the case in the market performance after the 2023 bear market ended. However, small- and mid-cap assets are more sensitive to market changes, and the current trend could also reverse rapidly.
Regarding recent community speculation that a 20% correction in the US stock market would trigger a plunge in Bitcoin to $10,000, crypto analyst Darkfost published an analysis noting that if Bitcoin were to fall to $10,000, it would represent a decline of approximately 87% from current prices and a drawdown of roughly 92% from its all-time high. Historically, Bitcoin has only experienced a maximum drawdown exceeding 92%, which occurred in 2011; its maximum drawdowns in 2015, 2019, 2022, and 2026 were 82.5%, 82.6%, 74.4%, and 54.2%, respectively. Darkfost further pointed out that while Bitcoin fell approximately 80% when the S&P 500 index corrected by about 19.53%, it only declined around 22% during the S&P 500's similar pullback of over 19% in April 2025. Therefore, directly linking a 20% US stock market correction to Bitcoin falling to $10,000 is not sufficiently supported by historical data.
According to Bloomberg, Jump Trading and DRW are deploying traders and capital into an emerging market for financial contracts tied to computing power, pushing the computing infrastructure behind the AI boom from theory to tradable practice. Jump has already formed a dedicated team that will deploy its proprietary balance sheet to hold positions and assume related risks. The team includes Affaan Mustafa and Alejandro Soumah Fernandez, who joined from computing power trading startup Ito Markets Inc., with plans to conduct trading across over-the-counter (OTC), perpetual contracts, and prediction markets. The report notes that this move comes as the AI boom faces market scrutiny.
DWF Labs stated that the market has not yet fully priced in the potential of artificial intelligence (AI) integration with the crypto industry. As agent trading and payments gradually gain traction, AI can help retail investors process more information, make faster decisions, and build their own capital management infrastructure, though related capital has not yet flowed into the crypto space at scale.
Odaily News: According to on-chain analyst Ai Yi's monitoring, a whale that accumulated ETH at the peak of this bull market began building its position in September 2025 at around $4,600, then continued to add to its position as prices declined, withdrawing a total of 15,810 ETH worth $63.85 million at an average price of $4,101.85. Between October 2025 and October 2026, this whale deposited a cumulative total of 15,361.1 ETH worth $49.55 million to exchanges, with deposits made at price levels including $4,478 and $1,910 during this period. The most recent deposit occurred 5 hours ago, bringing the final average deposit price to $3,226.22. If the aforementioned ETH is sold, it would result in a loss of $13.45 million. Currently, 572 ETH remains on-chain.
Bitcoin News posted on X that MSCI is advancing a proposed methodology that would classify Michael Saylor's Strategy, Japan's Metaplanet, and other digital asset treasury companies as "non-operating" enterprises, potentially excluding them from the MSCI Global Investable Market Indexes. JPMorgan estimates that passive funds tracking MSCI indexes may be forced to sell $2.8 billion worth of MSTR shares; if other index providers adopt similar rules, the broader capital outflow could reach $8.8 billion. Strategy's reverse analysis shows that MSCI-tracking funds hold approximately 3.1% of its outstanding shares; a final decision is expected around October 16, with implementation potentially beginning on November 30.
PPP Prediction Market Tool monitoring shows that Polymarket's "StandX will issue a token before the end of 2026" probability has dropped to 3%, a 58% decline in 24 hours.If StandX officially launches a token before 11:59 PM ET on the date specified in the title, the prediction market will resolve as "Yes"; otherwise, it will resolve as "No."Only tokens officially issued by StandX qualify; stablecoins, meme coins, liquid staking tokens (LSTs), and synthetic tokens do not count.The token must have been publicly launched and be actually tradable; merely publishing an announcement does not meet the resolution criteria.Resolution is primarily based on StandX official information, with reference to consensus reports from credible media.Previous news: StandX announced it will not issue a token, and perpetual contracts will enter reduce-only mode starting October 20.Join the PPP signal push community to stay one step ahead and seize the initiative.
crypto KOL Bonk Guy posted on X platform, stating that panic selling in the market could last for hours or even days, and investors need not wait until the sell-off ends to start buying, but should instead focus on opportunities when market participants broadly lose confidence.Bonk Guy expressed optimism about SI's performance after this round of panic selling, believing it is poised to hit a new all-time high in the future, with a market cap reaching hundreds of millions of dollars.According to GMGN data, SI's current market cap stands at $13 million, with a 24H decline of 11.8%.
Tom Lee stated that the South Korean stock market selloff may be spilling over into the crypto market, citing margin liquidations and South Korean investors' significant holdings of crypto assets, and described it as short-term pain. (Cointelegraph)
Odaily News: Trader Killa stated on X platform that Bitcoin short-term holder (STH) supply recently reached "overheated" levels, a situation similar to the price action in 2023 after the market broke away from the macro bottom, potentially serving as another signal of market bottom formation.Killa pointed out that after Bitcoin short-term holder supply reached similar highs in 2023, BTC price continued to rise and maintained an uptrend in higher timeframe (HTF) trends. The current market structure is quite similar to previous cycles, and investors should not overly rely on the Fear and Greed Index to judge market direction. Killa stated that market sentiment may remain irrational for extended periods, and short-term sentiment indicators do not necessarily reflect long-term trends.
CryptoQuant analyst Axel Adler stated that the market absorbed 220,374 BTC last week, while exchange net flows remained negative at -3,863 BTC.He noted that despite the relatively high volume of Bitcoin inflows to exchanges, the net outflow data indicates that buy-side demand still outweighs sell-side pressure, suggesting that some funds are absorbing market supply.
Odaily News: Crypto trader Ansem posted on X platform stating that over the past few years, crypto assets have performed at historically low levels relative to other asset classes, primarily due to factors including talent flowing into the AI industry, insufficient innovation following the DeFi boom, and gold undergoing a massive value reassessment. Combined with the large-scale liquidation event in the altcoin market on October 10 last year, both institutional and retail sentiment and positioning allocation toward altcoins are currently at multi-year lows, potentially even hitting historic lows.On the other hand, some altcoins currently possess characteristics such as reduced VC selling pressure, genuine product-market fit (PMF) built on crypto infrastructure, and benefits from an improving regulatory environment. Additionally, the massive paper gains generated by the AI supercycle could serve as a potential source of capital. He predicts that future market capital will become more concentrated in a select few tokens with fundamental support, and once these tokens attract buying interest, their prices could rise rapidly.
Odaily News: For most of this year, South Korea has been a poster child for the global AI boom. Now, by almost every measure, Korean stocks are rapidly losing investor attention. Market trading volume has plunged 70% from its late-May peak, foreign investors are pulling out quickly, and South Korea's local retail investors are also retreating. Behind this reversal is the Korean stock market's excessive reliance on Samsung Electronics and SK Hynix.Phillip Wool, head of portfolio management at Rayliant Global Advisors, said: "I think for most investors, especially those who only recently entered the Korean market because of the memory chip trade, the biggest challenge is that the easy money in this theme has already been made." He said his fund has been taking profits on Korean AI stocks and is currently underweight SK Hynix and Samsung Electronics. Richard Tang of Bank Julius Baer said: "We are observing that capital is increasingly flowing back to US stocks, which has led to continued foreign outflows from Korean stocks. (BusinessTimes)
Odaily News: Bitcoin fell to $80,350 on Thursday before rebounding, climbing back above $83,000 at the Friday U.S. stock market open and subsequently fluctuating around $82,500. The rolling 24-hour cryptocurrency liquidation amount had previously exceeded $1 billion. Despite news circulating that Ledger hardware wallet users' funds were stolen, the crypto market has not yet shown significant selling pressure.Analysts suggest that before the U.S. CPI data is released on October 14, Bitcoin may remain range-bound, with the main trading range between $81,300 and $86,500, and could repeatedly test $84,000. The market is also watching whether Bitcoin can hold the key level of $82,500 before the weekly close. (Cointelegraph)
Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X platform that over the past 100 years, only 4% of stocks have contributed to all net wealth gains in the US market, and about half of companies have underperformed US Treasuries, so the lack of market breadth has always existed. Microsoft and Google each acquired 270 companies. He stated that these large companies are more like small nations, and investors should perhaps view the "Magnificent Seven" as the "Magnificent 700," as what currently leads the S&P 500 may be hundreds of companies.
Odaily News: According to Hunter Biden monitoring, Hunter Biden, son of former U.S. President Biden, posted the independent investigation results of the LAPTOP token launch incident, stating that he had commissioned forensic firm Groom Lake to verify all transactions on the day of launch. He denied that the team cashed out, saying that the founder tokens remain concentrated in the same wallet and have not been transferred since launch; his personal tokens have been locked for six months and will then be released over two years. He cited the investigation as saying that Market Maker 1 had $500,000 in startup capital, but only injected about $5,200 and fewer than 30,000 tokens into the liquidity pool, with the latter accounting for only 0.003% of the total supply. Extremely low liquidity caused the price to rise from $0.05 to about $317 in less than two minutes, then fall 98% within one hour. Eighty-four seconds after the price peaked, Market Maker 1 withdrew funds during the sell-off, reducing the funds available near the current price to absorb selling from $16,200 to zero. He said Market Maker 1 made about $686,000 in profit from its DEX position, while Market Maker 2 netted more than $2.1 million from related DEX trades, and argued that the market makers responsible for the launch problems should buy back and burn tokens. He said he bears ultimate responsibility, will not exit the project, and plans next week to burn most of the unclaimed tokens from the first airdrop; that airdrop accounted for 10% of the total supply.
According to CoinDesk, volatility in the U.S. Treasury market continues to rise, while Bitcoin and U.S. stock market volatility remain at year-to-date lows. Market analysts warn that turmoil in the bond market may gradually spill over into risk assets.
Odaily report: Crypto analyst Darkfost posted on X with a chart, stating that compared to the end of August, the Bitcoin market trend has shown a clear shift, which can be observed from changes in the Capital Cost Basis. This metric calculates a weighted realized price based on transaction volume (USD), giving higher weight to BTC purchased at higher prices, thereby more accurately reflecting the actual cost of market capital.Data shows that at the end of August, BTC was still struggling near this key level, but Bitcoin has now closed above the capital cost basis of approximately $80,400 for several consecutive weeks. This means that most of the capital invested in the market is now in slight profit. As investor positions gradually turn profitable, market stability is strengthening by the day, which is a positive signal for the current BTC consolidation phase.
Odaily News - Crypto analyst Axel Adler posted that Bitcoin long-term holders (LTHs) have reduced their holdings for the 7th consecutive week, but this has not yet hindered BTC price appreciation, as the market is still absorbing the supply released by long-term holders.Data shows that the long-term holder position change indicator remained positive from February to early August this year, with long-term holders accumulating approximately 1.2 million BTC in May. The indicator turned negative on August 17 and has been in a state of reduction for 7 consecutive weeks. As of September 28, the long-term holder position change showed a decrease of 73,400 BTC, expanding from a decrease of 1,100 BTC a week earlier.Axel Adler noted that compared to the approximately 1.07 million BTC reduced by long-term holders in November 2025, the current scale of reduction remains relatively limited. If long-term holders' reductions reach hundreds of thousands of BTC again in the future while BTC price stops rising, it may signal that the market's capacity to absorb supply is declining.Additionally, the long-term holder SOPR indicator has now been above 1 for the second consecutive week, indicating that long-term holders are taking profits. On September 21, the indicator rose to 1.24, the highest level since January this year; as of September 28, LTH SOPR stood at 1.18, meaning that BTC being moved has realized approximately 18% in realized profit relative to its cost basis. Current data shows that long-term holders are gradually exiting with profits as BTC price rises, while new demand is still able to absorb the supply released by the market.
Odaily News: Bitcoin is facing selling pressure, marking its third rejection near $87,000 since September 23. FxPro analyst Alex Kuptsikevich noted that since early last week, BTC has formed a pattern of "rising local lows," but bulls have yet to gain sufficient upward momentum. The price is now approaching the apex of a triangle formed by horizontal resistance and an ascending support line. A breakout from this pattern could bring greater volatility to the market.The total crypto market capitalization has fallen back to approximately $2.93 trillion. Meanwhile, U.S. equities have shown relative strength, with the Nasdaq 100 hitting a record closing high and the S&P 500 less than 0.5% away from its all-time high. However, U.S. Treasury yields continue to climb, with the 10-year yield rising to 5.32%, near its highest level since 2002.Market observers believe that for BTC to break through $87,000, sufficient buying pressure is needed to absorb the persistent selling near that level. Once it holds above this threshold, it could open further upside toward its near 8-month high. (CoinDesk)