MeNews

U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.

It was reported that the first Ledger Stax hardware wallet discovered contained an unauthorized hardware implant capable of transmitting the user’s recovery phrase to an attacker. The suspected modifications include a Nordic nRF9151 4G/LTE modem, which may be used to transmit stolen recovery phrase data. Genuine devices do not contain such components. Other unauthorized components were also installed next to the modem, with a cable running across the battery to an antenna hidden inside the back cover.

The EU is reviewing MiCA, and a consultation proposes requiring developers of non-custodial Bitcoin wallets to obtain certification before offering their software to the public. ESMA states that open-source software, self-custody, automated smart contracts, and permissionless infrastructure should not automatically be considered regulated intermediaries, and proposes establishing a new regulated service for crypto-asset service providers that provide clients with access to decentralized protocols. The current rules remain unchanged. The European Commission will compile the feedback and submit a review report under Article 140 of MiCA by June 30, 2027.

Russia’s largest stock exchange, the Moscow Exchange, is conducting a cryptocurrency trading pilot with professional market participants and plans to launch regulated services on December 1. Existing licenses cover cryptocurrency trading, so no new license is required. Starting September 1, citizens will be able to trade cryptocurrencies on domestic exchanges licensed by the central bank. Non-qualified investors will be subject to limits, and trading will be restricted to BTC, ETH, and USDT. Sberbank estimates that trading volume will reach at least 4 trillion rubles in the first year, with approximately 80% taking place through unregulated channels.

ME News, October 12 (UTC+8) — Prediction market data shows that the “Eagles vs. Jaguars” market reached $3.5M in trading volume over the past 24 hours, with market participation increasing significantly.

ME News, October 12 (UTC+8) — The Iranian Islamic Revolutionary Guard Corps Navy stated that a second supertanker struck a mine in the Strait of Hormuz. This evening, a noncompliant tanker struck a mine in the southern waters, causing an explosion and fire in the engine room. The crude oil tanker shut off its navigation system and entered an unauthorized shipping lane in violation of navigation regulations. Since yesterday, three tankers have struck mines and caught fire in the waters. (Source: ChainCatcher)

ME News, October 12 (UTC+8) — After Strategy completed a massive buyback of STRC preferred stock in September, Chairman Michael Saylor revealed that the company “still has room” to purchase more Bitcoin. Independent analysts believe the move is intended to optimize the balance sheet and reserve funds to support future Bitcoin acquisition plans. (Source: ChainCatcher)

Infrastructure Capital Advisors is bullish on U.S. 10-year Treasury bonds and expects the Federal Reserve to raise interest rates only once more. The company’s CEO said that one additional rate hike is consistent with the Fed’s dot plot and below market pricing. Weaker housing data and a slowdown in core CPI are expected to help 10-year Treasury yields stabilize near 5%.

ME News, October 12 (UTC+8) — According to CoinMarketCap market data, BTC has broken above $84,000 and is currently priced at $84,016, up 0.1% over the past 24 hours. (Source: CoinMarketCap)

Darkfost stated that when Bitcoin rose to $83,000, approximately 53% of the cost basis was above this price, meaning that the cost basis of current buyers was higher than that of more than half of market participants; the $84,000–$85,000 range is the largest supply distribution zone and a key resistance level for future price action. If the price retreats, the $79,000–$77,000 range could become potential support.

Argentina’s central bank said that if President Milei is reelected, banks may be able to offer cryptocurrency-related services to customers during his second term; the statement comes four years after the central bank banned banks from engaging in crypto-related business, linking the possibility of reopening crypto services to the policy environment following Milei’s reelection, but there is still no specific timeline, eligibility requirements, or scope of products.

Federal Reserve Bank of St. Louis President Musalem said another rate hike is needed to bring inflation back to the 2% target; if “timely” means roughly 18 months, rates could be raised again at an appropriate time within the next 6–9 months. Although inflation remains the main concern, the U.S. economy is growing strongly and employment is resilient, which may allow inflation to decline without significantly harming employment. He remains open to a rate hike at the October policy meeting, believing that the inflation situation requires continued tightening. U.S. Treasury yields have risen, but financial conditions remain loose, while markets expect real interest rates to rise and competition for capital to intensify.

ME News, October 12 (UTC+8) — Initiatives from the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) could drive the expansion of regulated on-chain trading and increase institutional participation. Legal experts said the regulatory framework is expected to advance gradually, but gaps that require resolution by the U.S. Congress remain. Crypto industry executives believe that the failure of the Clarity Act to pass will create opportunities for decentralized finance (DeFi), while established exchanges may continue to maintain a competitive advantage. (Source: ODAILY)

ME News, October 12 (UTC+8) — On October 11, according to Iran’s Fars News Agency, the secretary of Iran’s Supreme National Security Council said that the United States’ response to Iran’s latest proposal was “insufficient.” The United States needs to clarify the issues that remain unclear to Iran. The United States has accepted some of our conditions, while other issues remain unclear. (Source: BlockBeats)

ME News message, October 11 (UTC+8): Prediction market data shows that “DOTA 2: Team Spirit vs. PARIVISION (BO3) - BLAST Grand Slam Playoffs” reached $2.0M in trading volume over the past 24 hours, with market participation increasing significantly.

ME News reported on October 11 that Killa sees two possible scenarios for BTC: If it rises and breaks its high before the U.S. midterm elections, it may pull back after the elections without making a new low, or form a higher low; if it falls before the elections, it may rebound afterward, with a target of approximately $95,000. Historical data indicates that the probability of weakness in the 1–2 months following midterm elections is approximately 75%, so risks are more likely to be released after the elections. Based on current sentiment and long liquidations, the risk to shorts may be higher than that to longs. Killa remains fully invested in a 10x BTC long position, along with long positions around $62,600/$76,400.

Ontology received an urgent report of a potential security risk involving a project built on its blockchain that could threaten network assets. As a precaution, after coordinating with most consensus nodes, it agreed to temporarily halt block production to assist with the investigation and mitigate the risk. The investigation is ongoing, and Ontology will continue to cooperate with the relevant parties and monitor the situation closely. Once sufficient progress has been made and security is confirmed, the network will resume producing blocks.

Crypto trader Ansem summarizes years of experience: What truly determines whether you can remain profitable over the long term is not rotation itself, but whether you can take profits promptly and compound them. In 2017, most of his altcoin gains were lost through round-trip trading; from 2020–2021, he made significant progress in identifying narratives, allowing him to rotate early among SOL, LUNA, AVAX, and others while compounding his profits. Discovering opportunities early is just as important as knowing when to take profits.

ME News’ October 11 roundup stated that multiple cryptocurrencies will see large unlocks next week: approximately 1.17 billion CRO (2.33% of the circulating supply, worth approximately $69.5 million), approximately 92.65 million ARB (1.56%, approximately $18.4 million), approximately 127 million STRK (3.37%, approximately $13.9 million), approximately 618 million DBR (10.25%, approximately $12 million), approximately 11.31 million APT (0.64%, approximately $9.5 million), and approximately 55.56 million SEI (0.84%, approximately $3.7 million).

ME News, October 11 (UTC+8) — According to CoinMarketCap market data, BNB broke through $750 and is currently priced at $750.2, up 0.1% over the past 24 hours. (Source: CoinMarketCap)

A CITIC Securities research report states that after the National Day holiday, U.S. stocks will shift their focus to the upcoming third-quarter earnings reports as sensitivity to interest rates declines. LSEG forecasts that S&P 500 revenue will increase 1.2% year over year in Q3, while earnings will rise 45% year over year, representing a sequential decline. Earnings growth in the energy, information technology, materials, and health care sectors is expected to exceed 50%, with nontechnology sectors making an increasingly significant contribution. In Hong Kong stocks, the combination of overseas rate hikes and the restart of AI momentum trading is putting pressure on liquidity, but fundamentals have bottomed out. Earnings growth forecasts for the major indexes have been revised upward, with clear sector differentiation. Domestic-demand-related sectors remain under pressure, and third-quarter results will be key to the recovery. Investors are advised to remain patient with Hong Kong stocks, as dividend strategies are still likely to outperform in the short term.