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.

Tokenized money market fund issuer Spiko announced the completion of a $90 million Series B funding round led by NEA, bringing its total funding to $120 million. Spiko’s assets under management have reached $2.7 billion, with operations spanning more than 25 jurisdictions. The company said it will use the funds to launch new fund products, expand into new markets, and grow its team.

Darkfost stated that the cost basis has changed significantly since late August. By weighting the realized price based on transaction value, BTC purchased at higher prices receives greater weight, making the metric more representative of actual capital costs. BTC has now closed above approximately $80,400 for several consecutive weeks, indicating that most capital is in slight profit. The increase in profitable holdings and improved market stability are positive signals for the current consolidation phase.

A 28-year-old Russian core member of Qilin was arrested in Japan and extradited to Germany on October 2. He is suspected of hacking a German logistics company in September 2024, encrypting its data, and extorting approximately $165,000 in Bitcoin. Investigators said he was responsible for building the attack system and taking a cut of the ransom. Japanese police detained him in Osaka in May this year, and he was transferred to Germany following a ruling by the Tokyo High Court. Qilin operates under a ransomware-as-a-service model and previously claimed responsibility for a cyberattack on Japan’s Asahi Group.

Bank of Japan Governor Kazuo Ueda said that the central bank will gradually raise interest rates and adjust the degree of monetary easing based on economic, price, and financial conditions, considering the timing and pace only after assessing risks and the baseline scenario. This means the consensus to maintain the status quo at the October 30 meeting remains intact, while leaving room for another rate hike after October. Market pricing shows the probability of a rate hike this month at approximately 12%, or approximately 90% if December is included.

This report summarizes the cycle characteristics of Bitcoin’s four bull-bear cycles over the past decade: ATL and ATH were approximately 1,064 and 364 days apart, respectively. If the pattern holds, today marks the beginning of a new bull market following the 2025 peak. Analysts are bullish on the tops for this cycle: approximately $190,000 for BTC and $8,800 for ETH; renowned trader Peter Brandt has raised his target for the late-2029 peak to the $300,000–$600,000 range. Killa predicts that BTC will break its all-time high in spring or summer 2027.

Fortitude has entered into a non-binding commitment with Bitmain to secure priority purchase allocations for next-generation Zcash mining machines, with a potential purchase value of up to approximately $100 million. Deliveries are expected to begin in Q2 2027, subject to specifications and pricing. This will help Fortitude get an early start on deploying next-generation Zcash mining equipment and expand its privacy coin mining infrastructure.

ME News reports that on October 6 (UTC+8), Arc announced the open-sourcing of a USDC borrowing example application built on Borrow Kit, helping developers quickly integrate crypto asset-backed lending functionality into the Arc ecosystem. According to the announcement, the example application demonstrates the complete lending process, including discovering lending markets, determining the loan amount, depositing cirBTC as collateral, borrowing USDC, monitoring position health, repaying the loan, and closing the lending position.

ME News, October 6 (UTC+8) — Wall Street’s IPO activity has slowed, as investor demand for new stock offerings remains weak and concerns grow over excessive valuations. The postponement of Anthropic’s and OpenAI’s listings has dampened sentiment in the U.S. equity capital markets. Data from BCA Research shows that the share prices of tech companies that went public this year have fallen by an average of approximately 23%, intensifying market concerns that deals are being priced too high. (Source: ChainCatcher)

The U.S. dollar strengthened today, supported by market expectations for Federal Reserve rate hikes and concerns about French debt. The Dollar Index (DXY) rose to 102.259 intraday after earlier reaching its highest level since April 2025 against a basket of currencies. Although expectations for a rate hike this month have cooled, the market has fully priced in a 25-basis-point hike in December and expects more than 3 hikes next year. Fiscal concerns in France weighed on the euro, supporting the dollar through safe-haven buying.

ME News, October 6 (UTC+8) — A whale spent $991,000 to purchase 0.28% of the Artificial Inu supply through 2 associated wallets from September 3 to 17. Artificial Inu reached an all-time high market capitalization of $450 million on September 17, then fell 70%. As of now, the whale's holdings remain unchanged, with a loss of $600,000. (Source: ODAILY)

Analyst Axel Adler Jr. said that Bitcoin long-term holders (LTHs) have reduced their holdings for seven consecutive weeks while the price has continued to rise, indicating that market demand can still absorb the additional supply. Since August 17, the LTH holdings metric has remained negative, falling to -73,400 BTC on September 28, a sharp increase from the previous week; however, it remains small compared with the -1.07 million BTC recorded in November 2025. LTH SOPR has remained above 1 for the past two weeks, reaching 1.18 on September 28, indicating that their cost basis is generating an average profit of approximately 18%. He believes the current selling is mostly profit-taking, but warned of the risk that increased selling could lead to a price decline.

Ondo Finance announced the launch of the Ondo Private Markets platform, bringing the economic returns of leading private companies on-chain through tokenized notes. Tokenized notes provide investment exposure, with each token’s returns linked to the per-share value of the underlying company in a qualifying liquidity event. The tokens are freely transferable and can be composable with the on-chain DeFi ecosystem.

According to SoSoValue, Bitcoin spot ETFs saw total net outflows of approximately $89.8978 million yesterday. BlackRock’s IBIT recorded the largest single-day net inflow, at approximately $69.8530 million, while Ark Invest and 21Shares’ ARKB recorded the largest net outflow, at approximately $85.2054 million. As of press time, total net assets stood at approximately $110.773 billion, the ETF net asset ratio was approximately 6.43%, and cumulative historical net inflows totaled approximately $57.698 billion.

Ondo Finance has launched Ondo Private Markets, providing investors with on-chain economic exposure to leading private companies through tokenized notes. The first offering focuses on private AI companies and is expected to begin trading on secondary markets this week, with future expansion into robotics, cybersecurity, biotechnology, and other sectors. The tokens are not equities, but rather provide value exposure to eligible liquidity events; they can be transferred on-chain and integrated with the DeFi ecosystem. The platform currently has approximately $3.7 billion in TVL and over one million holders. Its goal is to provide eligible investors with around-the-clock exposure to private markets and improve access.

ME News, October 6 (UTC+8) — According to SoSoValue data, Ethereum spot ETFs recorded total net inflows of $111 million yesterday (October 5, U.S. Eastern Time).
The Ethereum spot ETF with the largest single-day net inflow yesterday was BlackRock’s ETF ETHA, with a net inflow of $130 million. ETHA’s cumulative net inflows to date have reached $13.4 billion. Notably, ETHA implemented a 1-for-3 reverse stock split on October 6, meaning every 3 shares were consolidated into 1 share, with the share price adjusted to 3 times its original value while the total market value of holdings remained unchanged.
The Ethereum spot ETF with the largest single-day net outflow yesterday was Fidelity’s ETF

ME News, October 6 (UTC+8) — Prediction market platform predict.fun posted “Soon” on X, accompanied by an animation of a purple coin spinning with the letter “P” on its face, possibly hinting that the TGE date is approaching. (Source: Foresight News)

AMD CEO Lisa Su said current market demand has exceeded supply and is expected to remain strong for the next few years. AMD is working with memory suppliers to meet customer demand and plans to significantly increase production capacity by 2027, ensuring that all capacity is brought online at the same time. She thanked TSMC for expanding its capacity; AMD has been actively communicating with Hon Hai and will meet with TSMC later. She also mentioned that AI safety still has room for improvement, and that a superintelligence working group could help coordinate efforts in the future.

ME News, October 6 (UTC+8) — According to Lookonchain monitoring, a high-win-rate whale, 0x13da, opened another long position. The trader previously achieved a 78% win rate trading SOL, with cumulative profits of approximately $4.74 million. This time, 0x13da went long on 164,642 SOL with 5x leverage, with a position value of approximately $19.78 million and a liquidation price of $99.68. The trader’s previous trading performance has attracted market attention. (Source: PANews)

According to Lookonchain monitoring, a trader has continued buying MEME over the past month, spending approximately $1.22 million in total and holding 30.65 million MEME, making them the largest MEME holder. The trader currently has an unrealized loss of approximately $708,000, representing a loss rate of about 58%. Despite the continuously expanding losses, the trader continued accumulating MEME as recently as 10 hours ago.

ME News reports that hours before the Glamsterdam upgrade, Prysm 7.2.1 was released, fixing the validator block gas limit setting so that it can automatically produce blocks with 200 million Gas. The Sepolia limit has increased from approximately 60 million to 200 million, and Glamsterdam will activate on October 6 at 13:53:36 UTC. If some validators are still using the old limit, the testing results will be affected. The key question is whether validators can stably process blocks three times larger than the previous capacity, assessing whether the mainnet should adopt a larger block capacity in the future. Note that this setting applies only to Sepolia and has not yet been implemented on the mainnet.