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.

The U.S.-Iran standoff persists this week, while Trump has ruled out taking action before the midterm elections. The Fed minutes and remarks from several officials signal that another rate hike may come by year-end, but immediate action in October is not certain. Investors will be watching the IMF/World Bank Annual Meetings, CPI and other data, as well as remarks from multiple officials. September CPI will be released, and investors will use it to assess the timing of rate hikes. Market expectations for an October rate hike have fallen to 19%, while a December hike is still anticipated. EIA inventory data will also be closely watched.

ME News reports that Relay will sunset Vaults. Users with funds in Vaults must withdraw them through the official portal, which will close on 2026-12-31. After that, funds can still be withdrawn directly from the contract. Vaults is an optional liquidity provision product that is being sunset ahead of the launch of a new version, with more details to be announced later. Swaps, payments, and other integrations will not be affected and will continue operating as usual.

ME News reported that NEAR treasury company SVRN has acquired its infrastructure platform FastNEAR. FastNEAR has become a wholly owned subsidiary of SVRN, and co-founders Evgeny Kuzyakov and Mike Purvis will also join SVRN. FastNEAR provides high-performance RPC infrastructure for NEAR applications, supporting core data-layer services, including server clusters that handle reads and writes, an archival system that stores complete transaction histories, and NEARDATA, a data source that allows developers to access historical data.

Analyst Darkfost points out that Bitcoin’s current trend closely resembles the period from late 2025 to early 2026. BTC is fluctuating around the capital-weighted cost basis range of approximately $80,500, and the support level remains valid. CWCB weights the amount of capital invested, unlike a simple purchase price. This zone is a key inflection point where investors are generally at breakeven, and shifts in market sentiment could prompt most investors to take action, making it important to monitor closely going forward.

Sequoia Capital-backed chip startup Nuvacore plans to raise several hundred million dollars at a valuation of approximately $2.5 billion. Founded by former Apple executive Gerard Williams and others, the company has completed a seed round led by Sequoia and has not yet released a product. The new funding will be used to develop a new CPU designed specifically for data centers. As demand for AI computing power rises, the data center CPU sector is attracting more investors.

ME News reported that Strive’s SATA preferred stock raised approximately $55 million during the week of 10/5, enough to purchase approximately 638 BTC; approximately $317 million traded during the week, with the price above par on Monday and Tuesday and below par from Wednesday through Friday, suggesting that issuance may have been paused. The 8-K will disclose the actual amount of BTC purchased. As of 10/2, Strive held 29,462 BTC and had increased its holdings by 2,000 BTC from 9/28 to 10/2 at an average price of approximately $84,422; Strategy did not sell any STRC from 9/28 to 10/4 and purchased 334 BTC solely through MSTR stock.

South Korea’s Financial Services Commission Chairman Lee Won-seok said that the restrictions on major shareholders’ stakes in virtual asset exchanges under the Digital Asset Basic Act currently being advanced are not aimed at individuals or companies, but are intended to ensure that exchanges assume greater public responsibilities after transitioning to institutionalized operations. Under the current reporting system, registration must be renewed every three years; after implementation, operations will shift to a licensing system. He pointed out that exchanges have an infrastructure function and must possess a level of public nature and responsibility commensurate with their status.

ME News reported that the October 2025 crash exposed the continued risks of high leverage and crowded trading, and that a similar event could occur again. Looking back at the October 11 crash, BTC fell from $126,000 to $105,000, triggering approximately $19 billion in liquidations. The head of risk said that the peak formed quickly while open interest remained elevated; traders were betting on a bull market driven by the four-year cycle, but the market reversed. Leverage driven by derivatives continues to dominate short-term prices. Experts recommend reducing leverage and monitoring open interest, funding rates, and sentiment.

Well-known BTC quantitative trader Killa said that buyers absorbed selling pressure during the recent pullback, with strong buying interest and a key psychological level around $82,600. Support below is currently scarce. If this week’s candle closes above last week’s low, it will signal bullish momentum and could indicate a return to the range. Killa previously shorted at $74,688 and switched to a long position in June. He has over 200,000 followers.

ME News, October 10 (UTC+8) — Ledger posted on X stating that, based on the information currently available, it believes the stolen funds were limited to devices sold through a distributor named CryptoBilis in Southeast Asia. There is no indication that Ledger’s security infrastructure, systems, or services were compromised. Ledger takes security reports very seriously, and its team is actively investigating the specific issue. For assistance or inquiries, users should contact Ledger Customer Support through official channels. (Source: PANews)

ME News, October 10 (UTC+8) — The Opinions of the State Council on Developing New Quality Productive Forces proposes promoting the deep integration of the real economy and the digital economy, optimizing the planning, development, and operation of national data infrastructure, carrying out in-depth digital transformation initiatives in the manufacturing industry, implementing projects such as “East-to-West Computing,” smart manufacturing, and innovative development of the industrial internet, and building a national integrated computing power network and a national blockchain network. The Opinions also propose improving the policy system for promoting the digitalization of industries and the industrialization of digital technologies, and developing internationally competitive digital industry clusters. (Source: ODAILY)

ME News reports: The implied probability of the Federal Reserve raising interest rates by 25 basis points in October is approximately 15.5%. Trader tetrose holds approximately 297,800 Yes positions, valued at $46,200, with an unrealized loss of $23,600; a short position of 20.95 BTC, valued at $1.7345 million, with an unrealized loss of $6,491; and a short position in the S&P 500 valued at $2.7115 million, with an unrealized loss of $1,666. The two short positions have a combined notional value of approximately $4.45 million.

OneKey founder Yishi said the Ledger incident exposed “last-centimeter” risks, with data potentially being exposed during transmission. No OneKey users have reported losses so far. To reduce supply chain risks, OneKey will improve its packaging, seed phrase display, motherboard communications, authorized dealers, and user verification. It will introduce a backup process that does not display seed phrases on the device screen, strengthen encryption within the motherboard, and recommend purchasing through official channels, inspecting the packaging, and completing official verification.

ZEROBASE CEO Mirror Tang stated that the current strategy is to save money and spend it where it matters most. Due to market changes and shrinking altcoin liquidity, DAT and perpetual contracts are currently generating negative returns. The company has terminated the related businesses and laid off employees, reduced R&D investment, and reassigned some developers to security operations and maintenance, business security, and strategy development. The operations department is focusing on customer service, support for major events, and continued participation in events.

According to Salus, the Triple-A attacker transferred 4970 ETH, worth approximately $12.4 million, to Tornado Cash. The two fund flows were routed through the same wallet, consisting of 49 deposits of 100 ETH and 7 deposits of 10 ETH, with one route including funds previously withdrawn from a mixer. BlockBeats also reported that Triple-A’s stablecoin payment infrastructure was hacked on July 27, resulting in total losses of approximately $11.8 million.

ME News, October 10 (UTC+8) — Lithuania’s State Tax Inspectorate issued Order No. VA-63, updating the reporting procedures for crypto-asset users to align with the EU’s DAC8 and the OECD’s CARF framework. CASPs must collect and report data including users’ identity information, transaction records, account balances, and tax residency status. Entities that have already reported in other EU member states may be exempt from duplicate reporting. The relevant data will be automatically exchanged among tax authorities in EU countries starting in mid-2027. (Source: PANews)

Tangem co-founder Andrey Lazutkin posted on X that the Ledger security incident once again confirmed the principle that “complexity expands the attack surface”: Additional components, software layers, and user interactions all introduce points of failure and vulnerabilities, making them more difficult to identify and mitigate. He defended the minimalist card-style design, emphasizing that it is centered solely on a security chip and antenna, and that the incident further proved the correctness of this design philosophy. Source: ChainCatcher

Bubblemaps pointed out that Ethan-linked wallets have made approximately $125,000 from buying and selling 49 tokens promoted on Pump.fun, including about $45,000 in trading profits and $80,000 in promotional rewards, with the activity still ongoing. The investigation found that the wallets bought before the promotions and began selling about 3 minutes after the first promotion. A common pattern was Ethan buying, three linked wallets buying in the same second, followed by Ethan promoting the token and the linked wallets selling off.