Bisc focuses on data trends in cryptocurrencies and the global financial markets, tracking price changes, capital flows, and market structures of Bitcoin and major digital assets. The content covers ETF capital flows, on-chain data, macroeconomic trends, and technology stock movements, emphasizing the cross-market interactions between the crypto market and traditional finance. Based on public data, company disclosures, and market information, it provides real-time, structured, and verifiable market insights.

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On-Chain Data

One Year After the 10.10 Flash-Crash Liquidation: Bitcoin Order Book Depth Surpasses Pre-Crash Levels, While Altcoin Liquidity Continues to Drain Away

One year has passed since the largest liquidation event in Crypto market history on October 10, 2025. CoinDesk Research compared Market Depth data from major CEXs and found that Bitcoin and Ethereum order book depth has fully recovered, exceeding pre-crash levels across multiple dimensions; however, altcoin USD-denominated depth continued to decline at every measurement point, while average weekly Spot Filled Amount remained nearly two-thirds below the crash week. Background of the October 10, 2

BTC0.81%

ETH1.76%

1h ago

U.S. Stocks Push Labor Force Participation Among People 55 and Older Down to 37.2%; Burry Bets the AI Bubble Will Burst Soon

Stocks

Indices

AI Industry News

According to CNBC reports and data from various sources, the AI boom has driven U.S. stocks sharply higher for years, while the labor force participation rate for workers aged 55 and over fell from 38.6% in August 2024 to 37.2% (Bureau of Labor Statistics data). Michael Burry, the real-life inspiration for the protagonist of the film The Big Short, publicly stated that he had converted some of his short positions in AI-related stocks into put options and moved up his timeline, believing the AI b

US5000.25%

MU-0.66%

SOXX0.07%

PLTR0.09%

1h ago

CapCut, Tencent, and Kuaishou are developing ICG AI tools, but three major issues—including script quality—remain unresolved

AI Tools & Apps

ByteDance’s CapCut video-editing software, Tencent, and Kuaishou all launched AI-powered creation tools for interactive cinematic games (ICG) in succession during the second half of 2026, aiming to capture the creator entry point and lay the foundation for large-scale production of this branching, playable video-story format. However, three major challenges remain unresolved, including AI’s current inability to produce high-quality interactive scripts and the lack of validation for the data flyw

1h ago

Coinbase Teases the Launch of Rip Packs, Its Physical Card Pack-Opening Feature, with Pokémon as the First Collectible

According to a preview posted by Coinbase’s official X account on October 10, Coinbase is preparing to launch a physical collectible card pack-opening feature called Rip Packs. Users will be able to open card packs through the mobile app, with every card drawn backed by a corresponding physical card as the underlying asset. After drawing a card, users can choose to store it in the Vault or have it shipped directly to their homes. Coinbase Previews the “Rip Packs” Feature According to the preview

COIN4.30%

CARDS2.09%

1h ago

Analyst Rebuts ETH Bears: L2 Growth Is Ethereum’s Victory, and Its 65% DeFi TVL Moat Remains Intact

On-Chain Data

Market Analysis

Analyst Jake Koch-Gallup published an article on Substack on October 12 rebutting the core arguments of the bearish Ethereum narrative one by one. He pointed out that ETH’s market cap has reached 1,100 times its REV (real economic value) over the past year and that the market has already priced ETH in partly as a reserve and collateral asset. 65% of DeFi TVL remains locked on Ethereum and has not fallen below 62% since 2022. ETH Market Cap Is 1,100 Times Its REV Over the Past Year Koch-Gallup po

ETH1.76%

UNI2.47%

1h ago

Ant Group’s Lingguang 2.0 Enters Limited Testing, Full Launch Planned for October

AI Tools & Apps

According to a report by Sina Technology citing people familiar with the matter, Ant Group has quietly begun limited testing of a new version of its multimodal AI assistant, Lingguang, and repositioned the app as a personal intelligent assistant similar to Meta Muse. As of publication, Ant Group had not issued an official announcement on the matter. People familiar with the matter said the new version’s core change is that the Lingguang app’s functional positioning has transitioned from chat, co

1h ago

Bitcoin rebounded after hitting a low of $80,427, with $113 million in short positions liquidated

Derivatives Data

Capital Flow

Price Volatility

Bitcoin fell back from above $86,000, reaching a 7-day low of approximately $80,427. As of the time of writing on October 12, it had recovered to approximately $83,760, up about 0.8% over the past 24 hours. The entire market saw approximately $162 million in liquidations over the past 24 hours, including approximately $113 million in short liquidations (69.5%). Bitcoin Price Trend: Recovered to $83,760 on October 12 According to CoinGecko data, Bitcoin declined from above $86,000 throughout the

ETH1.77%

1h ago

Tencent Yuanqi to shut down in three phases, with all services suspended in Nov. and data deleted in January next year

AI Agent

Tencent announced on October 8 that it would shut down “Yuanqi,” its no-code AI agent building and distribution platform. The service will officially cease operations on November 9, with “business adjustments” cited as the official reason; the announcement provided no further explanation. The shutdown will be carried out in three stages. Data export will remain available until January 9, 2027, after which all user data will be deleted except for logs required by law to be retained. Three-Stage S

1h ago

Tencent plans to issue senior unsecured notes denominated in U.S. dollars and offshore renminbi, with the specific size to be determined

Forex

According to a Reuters report dated Oct. 12, Tencent plans to issue notes under its global medium-term note program and will provide potential investors with updated corporate and financial information; the term sheet seen by Reuters shows that the proposed offering includes senior unsecured notes denominated in USD and offshore Yuan. Potential maturities include 10-year and 20-year USD bonds, as well as 10-year and 30-year offshore Yuan bonds; the specific offering plan will depend on market co

JPM0.46%

GS1.56%

MS1.39%

1h ago

Xiaomi SkyNomad’s first-month orders reached 70k vehicles, while its net profit margin fell to 7.5%

Stocks

According to an October 11 report by Wall Street Brief, Xiaomi’s SkyNomad N90 and N70 electric vehicles received 70,000 orders in their first month, September, with deliveries exceeding 10,000 units and setting a new annual high for monthly vehicle deliveries. Revenue from Xiaomi’s smart electric vehicle, AI, and other new business segments reached HK$110.986437 billion. Financially, Xiaomi’s current net profit margin is 7.5%, down from 8.7% last year. SkyNomad’s First-Month Data: 70,000 Orders

1h ago

Bisc

One Year After the 10.10 Flash-Crash Liquidation: Bitcoin Order Book Depth Surpasses Pre-Crash Levels, While Altcoin Liquidity Continues to Drain Away

Previous

U.S. Stocks Push Labor Force Participation Among People 55 and Older Down to 37.2%; Burry Bets the AI Bubble Will Burst Soon

CapCut, Tencent, and Kuaishou are developing ICG AI tools, but three major issues—including script quality—remain unresolved

Coinbase Teases the Launch of Rip Packs, Its Physical Card Pack-Opening Feature, with Pokémon as the First Collectible

Analyst Rebuts ETH Bears: L2 Growth Is Ethereum’s Victory, and Its 65% DeFi TVL Moat Remains Intact

Ant Group’s Lingguang 2.0 Enters Limited Testing, Full Launch Planned for October

Bitcoin rebounded after hitting a low of $80,427, with $113 million in short positions liquidated

Tencent Yuanqi to shut down in three phases, with all services suspended in Nov. and data deleted in January next year

Tencent plans to issue senior unsecured notes denominated in U.S. dollars and offshore renminbi, with the specific size to be determined

Xiaomi SkyNomad’s first-month orders reached 70k vehicles, while its net profit margin fell to 7.5%