Odaily News — Multiple Bitcoin ventures associated with Bitcoin pioneer and Blockstream co-founder Adam Back have recently suffered a series of setbacks: the merger between BSTR Holdings, the Bitcoin treasury project he championed, and a SPAC under Cantor Fitzgerald has been terminated, with BSTR ordered to pay a $15 million breakup fee; Blockstream Mining, the Bitcoin mining operation he co-founded and in which he holds a minority stake, along with its partner Exacore, has faced multiple lawsuits following its spin-off from Blockstream, accused of owing equipment payments, electricity bills, and customer deposits, with related financing totaling approximately $2 billion; meanwhile, Liquid Network, the Bitcoin sidechain initiated by Blockstream, suffered a hack in which approximately 4,000 BTC were stolen, of which 3,400 have been returned, with the hacker still retaining approximately $47 million worth of Bitcoin. (Bloomberg)
Odaily News: Cantor Fitzgerald has initiated coverage of digital asset securitization company Securitize with an Overweight rating and a price target of $21.2. Securitize shares rose 12% yesterday to $14.57, hitting an all-time high. Cantor Fitzgerald stated that tokenization represents one of the largest overhauls of financial infrastructure in the past century, and believes the stock's current valuation is attractive.
Japan's 10-year government bond yield briefly rose to 2.945% this week, marking a nearly 30-year high and approaching the critical 3% level assumed in the Japanese government's budget. Rising yields are increasing pressure on government debt servicing, undermining Prime Minister Sanae Takaichi's room to pursue large-scale fiscal expansion and growth investment. The Japanese government has allocated 31 trillion yen for debt servicing in the current fiscal year; if long-term yields remain above 3%, debt financing costs could significantly exceed the budget.
According to The Block, data from blockchain analytics firm Chainalysis shows that violent robberies targeting cryptocurrency holders in the first half of 2026 have resulted in losses exceeding $30 million. If the trend continues in the second half, the full-year total will surpass the historical peak of $58 million in 2025. France has become the world's largest "Wrench Attack" hotspot, with 30 public cases recorded in the first half of 2026, while the French Minister of the Interior stated that actual cases exceed 70. Chainalysis attributes this to the 2024 French tax authority data breach—a tax official was suspected of stealing and selling the names, addresses, holdings, and tax records of high-net-worth crypto holders, causing the attack frequency to surge from a monthly average of 1.9 in 2025 to a monthly average of 4.6 in the first half of 2026. Attack methods have also deteriorated; cases targeting family members rather than the holders themselves now account for over 40% of French cases, and the proportion of home invasions rose from 14% in 2025 to 37%. Stolen funds are typically quickly moved on-chain, with some laundered through tools such as decentralized exchanges and cross-chain bridges; advanced criminal networks are even linked to cartel money laundering and terrorist financing channels.
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
according to Gate Ventures' latest weekly report, the global market performance is generally stable, but inflationary pressures and policy divergences are rising simultaneously. The S&P 500 topped the 7,200 mark for the first time. The Fed kept interest rates unchanged but showed major internal divisions. Compounded by volatile oil prices due to supply shocks in the Strait of Hormuz, market expectations of "stagflation" have intensified. Against this backdrop, the crypto market remains in a consolidation pattern, with BTC largely flat and ETH experiencing a slight pullback. ETF fund flows are diverging, and market sentiment remains cautious.At the industry level, the CLARITY Act has clarified the boundaries for stablecoin yields, further promoting a clearer regulatory framework. EURC is seeing rapid growth in Spanish retail payment scenarios, indicating that localized stablecoin applications are coming to market. The Solana ecosystem is advancing its post-quantum signature scheme, Falcon, reflecting the industry's forward-looking layout for long-term security. In terms of investment and financing, 15 deals were completed this week, with a total volume of $167 million, representing a 205% increase week-over-week. The infrastructure track continues to dominate. Among these, Four Pillars completed a Series A funding round to strengthen institutional-grade research and infrastructure capabilities. Belo secured $14 million in a funding round led by Tether, accelerating the expansion of its stablecoin payment network in Latin America. Overall, capital continues to concentrate towards infrastructure and cross-asset platforms, driving the industry's accelerated evolution towards institutionalization and multi-asset integration.
Hardware wallet manufacturer COLDCARD announced that its official X account previously shared a post containing a phishing link, which has now been deleted. The account has utilized offline 2FA since 2017 with strictly restricted access. The team has contacted the X platform and is currently auditing all account permissions, with further verification updates to be released later. COLDCARD noted that no login, session, or access logs were detected, and both credentials and offline 2FA remain secure. They suspect potential unauthorized platform-level or administrator-level access and are demanding an immediate investigation while preserving relevant logs.
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
Wintermute released its weekly market report, as the Federal Reserve voted unanimously 12-0 on September 21 to raise interest rates by 25 basis points to 3.75%-4.00%. Sixteen officials project at least one more rate hike this year, with inflation not expected to return to the 2% target until 2029. Two key catalysts previously monitored by the market—the FOMC rate decision and the CLARITY Act—have both materialized: the CLARITY Act failed to advance in the Senate (49-50 vote, falling short of the 60-vote threshold), prompting the SEC and CFTC to immediately state that they would establish crypto regulatory frameworks under their current authority. The market adjusted for only a single trading session before reclaiming its losses. BTC traded between $75,000 and $81,000 this week, closing at $81,159—the first time since last November it has breached the 50-week moving average; ETH gained 6.7%, trading in the $2,350–$2,600 range. Regarding ETF capital flows, net outflows totaled $746 million from Tuesday to Wednesday, partially reversed by $593 million in inflows from Thursday to Friday, resulting in a five-day net outflow of approximately $6 million. Outflows triggered by the CLARITY Act were nearly fully offset within 48 hours. At the start of this week, both BTC and ETH broke above the range resistance ahead of the U.S. equity market open. Fueled by approximately $250 million in short liquidations, BTC briefly surged to $86,000, setting an eight-month high. Wintermute’s analysis suggests:
The Digital Asset Market Clarity Act made no progress during Tuesday's Senate vote, failing to secure the required 60 votes. Despite months of bipartisan negotiating, it ultimately failed due to unresolved core differences, including those over ethical provisions.
According to Bloomberg, digital asset exchange Kraken stated that some customer accounts were temporarily locked after receiving small cryptocurrency transfers from wallets linked to the sanctioned exchange HTX. Kraken refers to such transfers as "dust attacks," which involve sending tiny involuntary transactions to disrupt or manipulate other cryptocurrency users. In this incident, Kraken believes the attackers' objective was likely to trigger the platform's compliance review by spreading sanctioned funds.
According to monitoring by CertiK Alert, the DeFi lending protocol Term Labs has been targeted by a governance attack, resulting in approximately $8.5 million in asset losses. Currently, around 2,843 ETH and approximately $1.6 million worth of DAI have been transferred to address 0xD5183d8BfC65a50863C62aF2538198A8288FFc13. Term Labs has confirmed that its Term Vaults fell victim to a governance exploit, stating that the team is continuing to investigate the incident and will release further details upon completion of the investigation. Official sources have yet to disclose the specific attack vectors or the scope of the impact.
According to a report from Binance Research, since August 31, the US 10-year Treasury yield has risen by 47 basis points to 5.22%, with 43 basis points driven by an increase in real yields (currently at 2.87%, peaking at 2.95% on October 5, the highest since 2008), while inflation expectations contributed only 4 basis points. Since the rate hike on September 16, leading market sectors have been highly concentrated: in equities, the S&P 500 rose 3.3%, led by semiconductors up 10.6%, while small-cap and bank stocks declined, and the equal-weight index remained flat; in crypto markets, Bitcoin gained 9.3%, Ethereum rose 2.7%, with Layer 2 (+32%), RWA (+29%), and AI tokens (+29%) leading the way, while Meme coins and payment tokens only advanced 5%. In terms of fund flows, net inflows into stocks on the Binance platform reached $169 million, with semiconductor-related inflows nearly quadrupling to $73 million, and Intel attracting $32 million in a single week despite a 12% drop in its stock price. Key focus areas ahead include the September CPI data (expected to rise from 3.4% to 3.7%) and the banking earnings season, which will serve as a key test of the current market landscape.
CryptoQuant analyst Darkfost stated that the cryptocurrency market has recently entered a short-term correction phase, with the total market capitalization of altcoins excluding Bitcoin (Total2) shrinking by over $110 billion within three days; Ethereum (ETH) alone fell by 11%, erasing more than $38 billion in market value. Despite the price pullback, investors continue to accumulate and withdraw Ethereum. During this period, ETH reserves on Binance dropped from 3.57 million coins to 3.47 million coins, reaching a six-month low—a decrease of nearly 11.5% compared to the 3.92 million coins held in August. Meanwhile, withdrawal activity on the Binance platform surged significantly, with over 320,000 ETH withdrawal transactions recorded on October 6 alone, setting a new all-time high.
Renowned trader Ansem posted a question to the community: "Aside from USD and BTC, how many tokens can you name that have still hit all-time highs after surviving a full bull-bear cycle?" Crypto KOL @0xaporia compiled findings showing that, excluding BTC, only 8 tokens meet the criteria of "ranked in the top 100 by market cap in 2021 and hit new all-time highs in 2025." Excluding wrapped assets, these include only BNB, XRP, TRX, LEO, and OKB.
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
Crypto analyst PlanB (@100trillionUSD) tweeted outlining Bitcoin price scenario projections for the latter half of the current halving cycle (April 2024 to April 2028) (not predictions, for reference only): • October 2026: Break through $100,000 • Before Christmas 2026: Set a new all-time high, exceeding $126,000 • 2027 to 2028: Break through $232,000 (approximately four times the $58,000 bottom) PlanB emphasized that the above are merely scenario analyses and not price predictions, reminding investors to assess risks independently (DYOR).
Wintermute released its weekly market report, as the Federal Reserve voted unanimously 12-0 on September 21 to raise interest rates by 25 basis points to 3.75%-4.00%. Sixteen officials project at least one more rate hike this year, with inflation not expected to return to the 2% target until 2029. Two key catalysts previously monitored by the market—the FOMC rate decision and the CLARITY Act—have both materialized: the CLARITY Act failed to advance in the Senate (49-50 vote, falling short of the 60-vote threshold), prompting the SEC and CFTC to immediately state that they would establish crypto regulatory frameworks under their current authority. The market adjusted for only a single trading session before reclaiming its losses. BTC traded between $75,000 and $81,000 this week, closing at $81,159—the first time since last November it has breached the 50-week moving average; ETH gained 6.7%, trading in the $2,350–$2,600 range. Regarding ETF capital flows, net outflows totaled $746 million from Tuesday to Wednesday, partially reversed by $593 million in inflows from Thursday to Friday, resulting in a five-day net outflow of approximately $6 million. Outflows triggered by the CLARITY Act were nearly fully offset within 48 hours. At the start of this week, both BTC and ETH broke above the range resistance ahead of the U.S. equity market open. Fueled by approximately $250 million in short liquidations, BTC briefly surged to $86,000, setting an eight-month high. Wintermute’s analysis suggests:
Odaily News: According to monitoring by SlowMist founder Cos, a bookmark phishing attack targeting the FOMO web app is emerging. Such phishing pages trick users into completing a fake CAPTCHA verification, dragging malicious JavaScript code into the browser's bookmarks and saving it as a bookmark. After the user then clicks on that bookmark 2 to 3 times, their previously logged-in FOMO account will be hijacked by the attacker, and the crypto assets in the account will be immediately stolen.
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
Odaily News — Multiple Bitcoin ventures associated with Bitcoin pioneer and Blockstream co-founder Adam Back have recently suffered a series of setbacks: the merger between BSTR Holdings, the Bitcoin treasury project he championed, and a SPAC under Cantor Fitzgerald has been terminated, with BSTR ordered to pay a $15 million breakup fee; Blockstream Mining, the Bitcoin mining operation he co-founded and in which he holds a minority stake, along with its partner Exacore, has faced multiple lawsuits following its spin-off from Blockstream, accused of owing equipment payments, electricity bills, and customer deposits, with related financing totaling approximately $2 billion; meanwhile, Liquid Network, the Bitcoin sidechain initiated by Blockstream, suffered a hack in which approximately 4,000 BTC were stolen, of which 3,400 have been returned, with the hacker still retaining approximately $47 million worth of Bitcoin. (Bloomberg)
Bitget was hacked, losing approximately $352 million; the platform emphasized that the stolen assets came from its own capital, and user funds were unaffected.
The hacker group "iamnotavillain" attacked Revolut and demanded 6,000 Monero as ransom, threatening to sell the data of at least 680 customers to the black market if the payment is not made.
Odaily reports: Cross-chain protocol Chainflip has disclosed that an attack targeting Tron USDT occurred yesterday. It has been confirmed that 736,442.17 USDT was stolen through 6 unauthorized payments, while another 115,654.41 USDT in user swaps remained in the vault due to failed payments. All other funds were unaffected.Chainflip stated that the attacker exploited a vulnerability in the Tron transaction memo mechanism by attaching custom memos to transactions already signed by validators, causing the system to identify the same deposit as separate swaps and issue refunds again, ultimately resulting in duplicate payments. The attacker carried out 8 operations over approximately 90 minutes, gradually increasing the amounts. Chainflip said it has completed a fix and has flagged the stolen funds to relevant authorities in an attempt to recover them. The protocol is expected to resume operations as early as Monday and will be responsible for compensating affected users for their losses.
Hardware wallet manufacturer COLDCARD announced that its official X account previously shared a post containing a phishing link, which has now been deleted. The account has utilized offline 2FA since 2017 with strictly restricted access. The team has contacted the X platform and is currently auditing all account permissions, with further verification updates to be released later. COLDCARD noted that no login, session, or access logs were detected, and both credentials and offline 2FA remain secure. They suspect potential unauthorized platform-level or administrator-level access and are demanding an immediate investigation while preserving relevant logs.
The Middle East conflict continues to escalate, with the Saudi-led coalition intercepting Houthi drones and missiles, and oil tankers attacked in the Strait of Hormuz. US-Iran nuclear talks have stalled as Trump pressures Iran, while the US military deploys a third aircraft carrier and 10,000 troops to the Middle East.
Bitcoin fluctuated amid rising US Treasury yields before stabilizing at $84,500; Ondo Finance led gains following the launch of new projects, pushing its token back to $0.50. The US 10-year Treasury yield surpassed 5.18%, reaching its highest level since 2007.
Wintermute released its weekly market report, as the Federal Reserve voted unanimously 12-0 on September 21 to raise interest rates by 25 basis points to 3.75%-4.00%. Sixteen officials project at least one more rate hike this year, with inflation not expected to return to the 2% target until 2029. Two key catalysts previously monitored by the market—the FOMC rate decision and the CLARITY Act—have both materialized: the CLARITY Act failed to advance in the Senate (49-50 vote, falling short of the 60-vote threshold), prompting the SEC and CFTC to immediately state that they would establish crypto regulatory frameworks under their current authority. The market adjusted for only a single trading session before reclaiming its losses. BTC traded between $75,000 and $81,000 this week, closing at $81,159—the first time since last November it has breached the 50-week moving average; ETH gained 6.7%, trading in the $2,350–$2,600 range. Regarding ETF capital flows, net outflows totaled $746 million from Tuesday to Wednesday, partially reversed by $593 million in inflows from Thursday to Friday, resulting in a five-day net outflow of approximately $6 million. Outflows triggered by the CLARITY Act were nearly fully offset within 48 hours. At the start of this week, both BTC and ETH broke above the range resistance ahead of the U.S. equity market open. Fueled by approximately $250 million in short liquidations, BTC briefly surged to $86,000, setting an eight-month high. Wintermute’s analysis suggests:
According to The Kobeissi Letter (@KobeissiLetter), U.S. diesel prices have hit another record high, with a national average price of $6.45 per gallon, up 40 cents from last week and over $1 higher than last month, marking a cumulative increase of 84% since January. California’s diesel average is even higher at $8.40 per gallon, setting a historic record for the highest average price in the United States. Meanwhile, market expectations for an October rate hike have also risen to new heights. Analysts point out that the ExxonMobil refinery in Illinois has not yet returned to full production following a power outage on September 13, further exacerbating supply pressures. Soaring diesel prices have been passed down to transportation, food, and various commodity costs, significantly increasing operating pressures for independent truck drivers.
The People's Bank of China increased its gold holdings in August to a single-month record high, and Huawei released its next-generation chips. LME copper prices broke through a record of $14,533, the Japanese yen surged sharply, and geopolitical tensions in the Middle East continued to escalate.
According to a report from Binance Research, since August 31, the US 10-year Treasury yield has risen by 47 basis points to 5.22%, with 43 basis points driven by an increase in real yields (currently at 2.87%, peaking at 2.95% on October 5, the highest since 2008), while inflation expectations contributed only 4 basis points. Since the rate hike on September 16, leading market sectors have been highly concentrated: in equities, the S&P 500 rose 3.3%, led by semiconductors up 10.6%, while small-cap and bank stocks declined, and the equal-weight index remained flat; in crypto markets, Bitcoin gained 9.3%, Ethereum rose 2.7%, with Layer 2 (+32%), RWA (+29%), and AI tokens (+29%) leading the way, while Meme coins and payment tokens only advanced 5%. In terms of fund flows, net inflows into stocks on the Binance platform reached $169 million, with semiconductor-related inflows nearly quadrupling to $73 million, and Intel attracting $32 million in a single week despite a 12% drop in its stock price. Key focus areas ahead include the September CPI data (expected to rise from 3.4% to 3.7%) and the banking earnings season, which will serve as a key test of the current market landscape.
Hardware wallet manufacturer COLDCARD announced that its official X account previously shared a post containing a phishing link, which has now been deleted. The account has utilized offline 2FA since 2017 with strictly restricted access. The team has contacted the X platform and is currently auditing all account permissions, with further verification updates to be released later. COLDCARD noted that no login, session, or access logs were detected, and both credentials and offline 2FA remain secure. They suspect potential unauthorized platform-level or administrator-level access and are demanding an immediate investigation while preserving relevant logs.
CryptoQuant analyst Darkfost stated that the cryptocurrency market has recently entered a short-term correction phase, with the total market capitalization of altcoins excluding Bitcoin (Total2) shrinking by over $110 billion within three days; Ethereum (ETH) alone fell by 11%, erasing more than $38 billion in market value. Despite the price pullback, investors continue to accumulate and withdraw Ethereum. During this period, ETH reserves on Binance dropped from 3.57 million coins to 3.47 million coins, reaching a six-month low—a decrease of nearly 11.5% compared to the 3.92 million coins held in August. Meanwhile, withdrawal activity on the Binance platform surged significantly, with over 320,000 ETH withdrawal transactions recorded on October 6 alone, setting a new all-time high.
Odaily News: According to monitoring by SlowMist founder Cos, a bookmark phishing attack targeting the FOMO web app is emerging. Such phishing pages trick users into completing a fake CAPTCHA verification, dragging malicious JavaScript code into the browser's bookmarks and saving it as a bookmark. After the user then clicks on that bookmark 2 to 3 times, their previously logged-in FOMO account will be hijacked by the attacker, and the crypto assets in the account will be immediately stolen.
The three major US stock indices hit new highs, with the S&P 500 reaching 7,835 points; Bitcoin's upside was capped by heavy sell pressure near $87,000.
Huawei and Qualcomm have reached their first 5G patent licensing agreement, with an estimated total value exceeding $6.9 billion. The Nasdaq index hit another intraday all-time high, while US long-term bond yields and crude oil prices moved in tandem. The Russian Ministry of Finance announced a substantial increase in its purchases of foreign exchange and gold.