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.

ME News reports that after Friday’s close, an address opened a long position of approximately 94,700 CBRS on Hyperliquid, valued at about $17.4 million. CBRS rose nearly 11% over the weekend. The address stopped accumulating CBRS 4 hours ago, after which the price fell 3%. During this period, the address reduced its long positions in MU, INTC, and DRAM, with the reduction amount roughly equal to the value of the newly added CBRS long position. The address currently holds long positions in the four assets totaling nearly $50 million. Since mid-August, it has made approximately $17 million in profits through trades in NEAR and INJ.

ME News, October 4 (UTC+8) — Prediction market data shows that the “DOTA 2: Team Spirit vs. Team Yandex (BO3) - BLAST Slam Seeding Match” market reached $1.6M in trading volume over the past 24 hours, with market participation increasing significantly.

ME News, October 4 (UTC+8) — Chase Barker, an executive at the Solana Foundation, said that Robinhood’s chain, Robinhood Chain, should abandon the use of Arbitrum. He noted that L2s cannot scale effectively in terms of performance and fees, while centralization issues limit their development in multiple ways. He suggested that Robinhood should either build an entirely new high-performance chain or migrate directly to the high-performance public blockchain Solana. (Source: PANews)

ME News reported that Liquid Capital founder JackYi tweeted that since closing his long position at $86,000, the market has repeatedly lured traders into longs. They have stayed on the sidelines, maintaining their previous view that a pullback is likely but not shorting. If Bitcoin breaks below $82,000 or falls to the three support levels at $79,000, $75,000, and $71,000, there is also a possibility that the consolidation will end with a pullback. In short, they are not trading—neither going long nor short.

ME News, October 4 (UTC+8) — According to Blockaid monitoring, an unnamed vault on Base is under attack. A new contract was added to the vault’s whitelist, and the attacker borrowed aBaswstETH from the vault and sent the aTokens to the contract. So far, approximately $2.02 million has been drained from the vault across about 4 transactions. The attack is still ongoing. (Source: Foresight News)

ME News, October 4 (UTC+8) — Prediction market data shows that trading volume for “Atlanta Braves vs. Los Angeles Dodgers” reached $1.7M over the past 24 hours, with market participation increasing significantly.

ME News, October 4 (UTC+8) — According to data from Glassnode, BTC long-term holders have remained in profit throughout this cycle. This has never happened in any bear market since at least 2015. In every previous bear market, the Long-Term Holder MVRV (LTH-MVRV) metric fell below 1 at the cycle bottom, leaving this group in a loss position. This time, however, the metric bottomed out above 1 and is now rising again. (Source: ChainCatcher)

ME News reported on October 4 that listed mining companies reduced their hashrate to 75EH/s in the first half of 2026. At $20 per TH/s, this would require approximately $1.5 billion in mining machine investment. The main reason for the decline in hashrate was that some power resources were redirected to AI infrastructure. Statistics from 12 companies showed that, during the same period, total impairment charges and write-downs of assets classified as held for sale amounted to approximately $1.1 billion, with IREN and Core Scientific accounting for nearly 89% of the total. IREN recognized approximately $695 million in impairment charges during the first six months of 2026. Source: ODAILY

ME News, October 4 (UTC+8) — Russia’s Ministry of Finance paid some employees’ salaries in digital rubles for the first time starting October 1. Participation was voluntary, and the number of participants and salary amounts were not disclosed. The ministry said that approximately 16 million digital rubles (about $192,000) had been allocated for the 2025 federal budget expenditure pilot, and that the salary payments followed a validated process. The Bank of Russia and the Ministry of Finance are jointly advancing the integration of the digital ruble into the budget process. (Source: Foresight News)

ME News, October 4 (UTC+8) — According to CoinMarketCap market data, XRP has broken above $1.5 and is currently priced at $1.5001, up 0.7% over the past 24 hours. (Source: CoinMarketCap)

ME News, October 4 (UTC+8) — According to CoinMarketCap market data, ETH has broken above $2,700 and is currently priced at $2,703.34, up 0.8% over the past 24 hours. (Source: CoinMarketCap)

CryptoQuant analyst Darkfost pointed out that the monthly average BTC exchange inflow/outflow ratio is approximately 0.97 and continues to decline, indicating that a market dominated by net outflows is conducive to long-term BTC accumulation. Large amounts of BTC leaving exchanges may prompt investors to move their holdings into self-custody and hold them for the long term.

UBS is hiring two digital asset leads in New York: a digital asset investment banking product manager responsible for tokenized products, stablecoins, settlement infrastructure, custody, and more, with an annual salary of approximately $225,000–$242,500; and a digital asset distribution manager responsible for distributing tokenized money market funds and structured products through fintech companies, banks, broker-dealers, and digital wealth management platforms, with an annual salary of approximately $164,000–$211,000.

Renowned trader Killa said he does not believe Bitcoin will make new lows and remains bullish. The market may de-risk after the midterm elections, so it is currently not advisable to establish hedge short positions prematurely. Historically, Bitcoin has typically performed weakly after midterm elections, but if it continues to rise before the election, one can wait until it approaches and then decide whether to act based on price movements. Overall, the recommendation is to continue holding long positions and wait until around the midterm elections before deciding whether to establish hedge short positions.

On October 2, Japan imposed a new round of sanctions on Russia, adding 33 entities, including the crypto trading platform Garantex, and 9 individuals to its asset-freeze list, while restricting payments and capital transactions involving the targeted parties. Japan also imposed service and financing restrictions on 35 vessels in Russia’s “shadow fleet.” Garantex had previously been sanctioned by the United States, Europe, and other jurisdictions for assisting Russia-linked entities in evading financial sanctions.

ME News reported on October 4 that South Korea’s financial sector had suffered a cyberattack resulting in a data breach. Regulators required financial institutions to conduct self-inspections as soon as possible and report their findings to the relevant authorities. After an emergency meeting, FSC Chairman Lee Eog-weon and other senior officials said the entire industry should promptly carry out comprehensive security inspections. A preliminary investigation indicated that the attack targeted external websites, loan agencies, and employee servers with weak monitoring. The possibility that AI was used in the attack could not be ruled out, making it necessary to establish a security system in which AI defends against AI. President Lee Jae-myung attached great importance to the incident and instructed authorities to conduct a thorough investigation and formulate countermeasures.

ME News, October 4 (UTC+8) — Michael Selig, chairman of the U.S. Commodity Futures Trading Commission, said that regulatory agencies already possess extensive statutory authority. While participating in the work of the President’s Working Group on Digital Asset Markets, they have examined both statutory authorizations and legislative authority, and will continue to introduce regulatory rules for the crypto sector based on their existing regulatory powers, preparing for the development of new areas of finance. (Source: ChainCatcher)

Former ROVE growth lead Amy Street said she was repeatedly owed wages last year and, after leaving the company, still has not received her promised token allocation, compensation, or reimbursements. She also said the ROVE app has been inaccessible for nearly a year. She claimed Jason Desimone had promised not to delay payments again but failed to keep that promise. After she resigned, he required her to sign a termination agreement before paying the remaining balance and providing token information. Desimone had previously said access would be restored, but she still cannot log in.

ME News reports on Brazil’s October 4 election, with Lula facing Flavio Bolsonaro. If Lula is reelected, he is expected to strengthen crypto regulations and compliance requirements, with the central bank tightening its oversight of exchanges and possibly taxing stablecoin transactions. If Flavio wins, his stance on crypto is unclear; he has previously defended a Bitcoin-related pyramid scheme.

ME News, October 4 (UTC+8) — Prediction market data shows that the “Washington vs. University of Southern California” market recorded $3.3M in trading volume over the past 24 hours, with market participation rising significantly.