On the early trading session of October 5, $BTC surged on Binance’s spot market to $86,999 at one point—just $1 away from $87,000. It then pulled back to the $86,000 range. As of 14:58 on October 5 (UTC+8), BTC was around $86,230, up about 1.4% over the past 24 hours, with a range low of approximately $84,920.
This is the third time in half a month that price has been rejected at this level. On September 21, BTC rose to around $87,400, setting a near eight-month high before falling back; on October 2, it briefly tested about $87,220 during the day, then closed at about $84,500. All three attempts to break higher stopped around the $87,000 mark, and the daily chart still hasn’t managed to hold above this level.
The main drivers behind this round of gains are macro factors: The U.S. non-farm payrolls for September released on October 2 added only 29,000 jobs, cooling market expectations for the Federal Reserve to continue raising rates; the yield on the U.S. 10-year Treasury fell to around 5.25%. The Nasdaq 100 closed at a record high on October 2, and Japan’s Nikkei 225 also moved back above the 70,000-point mark.
Among major coins, $DOGE led the gains, up about 3.2% over the past 24 hours to around $0.096; ETH was around $2,720, up about 1%.
On October 1, the Ethereum Foundation, together with the Open Anonymity project, launched the zkAPI on mainnet $ETH . This allows users who pay for usage-based APIs for AI models and other services without having to bind billing identity to every single request. The design is based on a zero-knowledge API quota proposal put forward on February 2026 by Ethereum co-founder Vitalik Buterin and Davide Crapis, head of the dAI team at the Foundation.
The usage process has three steps: first, deposit ETH or quota amounts such as $USDC into a vault contract on Ethereum. The balance then immediately becomes a private credential that only the depositor can spend, with no trace back to the original deposit; each time you call an AI service, the device locally generates a zero-knowledge proof to show that the balance is sufficient and that there is no double-spending. After the server verifies the proof, it issues a temporary API key with an upper bound on the amount, which exists only in the device’s memory; the request is sent directly to the AI service provider. The documentation currently integrates with OpenRouter, which aggregates hundreds of models. Applications compatible with the OpenAI format can be connected directly, and a no-install browser version of OA Chat has also been launched.
The limitations are stated clearly as well: the AI service provider can still see the prompt content, and network information such as IP address and request time may still link different sessions. The code repository labels the protocol as experimental; no formal audit has been listed yet, and trust is set to be one-sided (generated by a single party). As of 12:57 on October 5 (UTC+8), ETH is about $2,700, up roughly 0.4% over the past 24 hours.
Hyperliquid native token $HYPE will see a large unlock on October 6: about 9.92 million tokens allocated to core contributors, roughly 1% of the total supply and about 4.5% of the circulating supply. At an estimated $90.5 per token in the morning of October 5, this batch is valued at about $900 million— the largest single planned unlock in the October market by total market scale. An unlock doesn’t necessarily mean a sell-off. How much actually flows into the market depends on whether contributors transfer the tokens to exchanges after claiming them.
On the other side of the on-chain picture, Hyperliquid’s biggest HYPE long address still hasn’t gotten out. This address holds a 5x leveraged long position of roughly 1.38 million HYPE, with an average opening price of $38.68. As of the morning of October 5, the position value was about $125 million, with an unrealized profit of about $71 million. The liquidation price is around $76.34, and it has already paid about $6.3 million in funding fees in total. It opened long positions worth about $40 million roughly 5 hours before Robinhood announced it would list HYPE spot on October 23, 2025, which is why the community calls it the “insider whale ahead of the listing.”
For the buy-side, on October 3 Hyperliquid received its first AQAv2 reserve earnings of about 14.58 million $USDC (corresponding to August 26 to September 24). The funds were transferred to a support fund, to be used to buy back and burn HYPE. Binance launched HYPE spot trading on September 24 and added a “seed” tag; order-book fluctuations before and after the unlock may be amplified.
Binance will stream and unveil Binance Intelligence on October 5 at 20:00 (UTC+8, UTC 12:00) on Binance Square’s official account. CEO Richard Teng said on X that he, together with Jeff, will introduce what this product is, why it was created, and how it may change the way users understand and engage with finance. A Chinese-language official teaser from Binance shows that viewers can set a reminder for the livestream on Binance Square. There will also be a 5000 $USDC red packet giveaway on-site.
Binance Intelligence is not starting from scratch. The Agent OS launched by Binance on August 20 was already positioned as a product under the Binance Intelligence strategy: a platform and standardized interfaces for developers that can connect compatible AI applications and agents to Binance’s trading, market data, wallet, payments, and on-chain capabilities, with users authorizing which data and permissions are opened. According to the announcement at the time, Binance can see transaction activities generated by the agents, such as orders, but cannot see their inference process within the selected AI application. This service is not available to users in the European Economic Area.
As of the morning of October 5, Binance has not yet released the specific features of Binance Intelligence, the regions it will be available in, or its pricing model. Details will be confirmed in the livestream and Binance’s announcements. To watch the livestream, enter Binance Square via the Binance app or the official website, and watch out for short links impersonating the official account, as well as pages that request you to connect your wallet for authorization or transfer funds first in order to claim the red packet.
On October 4, 2026, a vault on the Base chain was attacked. Security firm Blockaid monitoring indicates that the attacker added a brand-new contract to the vault’s whitelist, borrowed aBaswstETH (a staked-asset certificate related to wstETH, the $ETH staked asset on Aave on Base) from the vault, and transferred it to a contract under their control; in the initial phase there were about 4 transactions, with losses of approximately $2.02 million, and the attack is still ongoing.
Subsequently, Spot On Chain monitoring found that losses expanded to about $6 million, involving around 1,783 wstETH. The attacker’s address is 0x0B5126…B034. The monitoring party believes systemic risk is currently limited, but warns that the attacker’s potential sale of wstETH may cause short-term pressure on LST depeg.
London stablecoin payment infrastructure company OpenPayd said to the media on October 3 that it plans to merge with Titan Acquisition Corp., aiming to list on the Nasdaq by the end of 2026. Under the estimated pro forma terms disclosed, the maximum pro forma equity value after the transaction is approximately US$1.1 billion. CEO Iana Dimitrova said that the deal is currently in the later stages of review by the U.S. Securities and Exchange Commission, and still requires the effectiveness of the registration statement, Titan shareholder approval, Nasdaq listing approval, and conditions including total transaction proceeds of at least approximately US$130 million. If there are no major external disruptions, the company expects to complete the closing within the year.
OpenPayd provides account, remittance, and cross-border payment infrastructure between fiat currencies and stablecoins. Its customers include Kraken, OKX, B2C2, and others; it has also connected to the Circle Payments Network and the Fireblocks payments network. Revenue for the company’s latest fiscal year (ended April 30, 2026) was approximately US$73 million, up about 28% year over year. Proceeds from the listing are intended for expansion in the U.S. market and acquisitions, with a goal to launch services to U.S. customers by April 2027. Previously, the company incorporated entities holding approximately 43 state money-remittance licenses into the group. The merger has not yet been closed, and there are risks such as approvals and fundraising falling short of expectations.
Binance Futures announces that it will delist three USDT-margined perpetual contract pairs—PROMPTUSDT, PUMPBTCUSDT, and 1000000BOBUSDT—from 10:05 in the UTC+8 time zone. Starting from 16:30 (UTC+8 16:30, UTC 08:30) on October 5, the above contracts will no longer be able to open new non–reduce-only orders. At 17:00 (UTC+8 17:00, UTC 09:00), all positions will be closed and automatically settled; after settlement is completed, the contracts will be officially delisted.
Users holding relevant positions must close their positions or reduce exposure on their own before settlement, or keep only reduce-only orders. After settlement, the relevant contracts will no longer be tradable. This arrangement applies only to the three USDT-margined perpetual pairs listed above and does not affect spot trading of the same underlying assets or other contract varieties not included in the announcement.
The Ethereum Foundation announced that the $ETH network upgrade, Glamsterdam, will activate on the Sepolia testnet at 21:53:36 on October 6 in UTC+8 (UTC 13:53:36), corresponding to epoch 353024 and slot 11296768. The upgrade merges the execution-layer Amsterdam and consensus-layer Gloas, and mainly introduces built-in proposer-builder separation (ePBS, EIP-7732) and block-level access lists (BALs, EIP-7928): the handoff between proposers and builders is written into the protocol layer, and block-level access lists record account and storage reads and writes to facilitate parallel verification and state-root computation. At the same time, it also adjusts gas pricing related to state creation and access, including EIP-8037 and EIP-8038, to better reflect the costs of execution and state growth.
Sepolia node operators must update their execution-layer and consensus-layer clients before activation; contracts that rely on fixed gas quotas or hard-coded limits may need to be adapted. Activation times for Hoodi and mainnet have not yet been announced, and the foundation said a separate notice will follow. This arrangement covers only Sepolia; mainnet users and $ETH holders do not need to take any action for now.
$ARB In terms of ecology, the Arbitrum Security Committee completed an emergency action around 23:30 on October 2 (UTC+8), temporarily blocking the activation of new Stylus contracts on the Arbitrum One and Nova networks. The restriction applies to programs and application updates that require fresh activation; already activated Stylus apps can continue to run, and their lifecycle may be extended through a keep-alive renewal mechanism, but expired programs cannot be activated and new versions that require re-activation cannot be activated. The deployment and execution of regular Solidity (EVM) contracts are unaffected.
The official statement says this measure is driven by the threat of AI-assisted tools leading to attacks against manually written WASM programs for non-standard Stylus compiler toolchains. The known risks mainly target chain liveness and denial of service; to date, no attacks have been found that can steal users’ funds. The same action also added a permissionless safety rail to Arbitrum One for BoLD step one proof. If both conflicting proofs are accepted, settlement of $ETH can be paused; unconfirmed withdrawals must wait for a fix, while on-chain processing can still continue. A timetable for restoring new activations has not been announced. The Foundation will coordinate with ArbitrumDAO on how to tighten the manual WASM pathway while preserving the use of Stylus. Contract calls that have already been deployed still do not require permission, and this pause does not shut down existing Stylus programs.
On October 2, BNB Chain-related data showed that the market value of tokenized stocks and ETFs is approximately $1.1 billion, accounting for about 30% of the global $3.7 billion market size, making it the first public chain in this sector to surpass a $1 billion market cap. In the same period, according to the Token Terminal methodology, Ethereum is about $828 million (about 22%) and Solana about $738 million (about 20%). From September to September, the global tokenized stocks and ETFs market size increased from about $2.87 billion to about $3.35 billion, up about 17% quarter-over-quarter, and the sector’s expansion continues.
Binance Research noted that there are about 1.8 million addresses holding tokenized stock on the $BNB chain, representing about 45% of the total market. On-chain, it supports products such as Binance bStocks and Ondo Global Markets. This sector has expanded more than fivefold since around $719 million in January this year. At that time, $ETH accounted for 48%, Solana 31%, and BNB Chain 13%. The market share landscape has shifted from being dominated by Ethereum to a multi-chain coexistence model; currently, BNB Chain leads in both market capitalization and the number of holding addresses.
Tokenized stocks provide economic exposure to the underlying securities, and do not equal direct shareholding or shareholder rights. Product structures, applicable jurisdictions, and redemption rules vary by issuer; participants should check the official product documentation before participating.
TRON DeFi Summer announced on October 3 that Season 3 (S3) will officially launch on October 4 at 08:00 (UTC+8, Singapore time). This season has a total prize pool of USD 2 million. Four asset pools will be opened simultaneously to provide a 60-day Boosted APR incentive. The allocations are: $TRX pool: USD 1 million; $USDD pool: USD 600,000; JST pool: USD 300,000; SUN pool: USD 100,000.
The event follows the recently concluded Season 2 (S2) and continues to offer interim yield boosts based on the related assets in the JustLend DAO. All four pools will be opened in parallel within the same time window.
For participation, users can enter the JustLend DAO via the DeFi entry point in the Binance Wallet. Users who participated in S2 and have maintained their current holdings do not need to place an additional subscription; they can automatically continue to be eligible for S3 rewards. Users who have not participated yet can prepare the corresponding assets in advance and join after the event starts on October 4, so as to capture the reward window on the first day. According to the event instructions, SGT is aligned with the UTC+8 time zone; the launch time is 8:00 AM on October 4.
The official says that more S3 gameplay will be announced in due course. Reward calculations, claim windows, and eligibility details will be subject to the subsequent announcements from TRON DeFi Summer and JustLend. On-chain yield campaigns involve risks from smart contracts and market volatility. Before participating, it is advisable to verify the official entry points and contract addresses, and not to trust unofficial links.
Aave Labs submitted an ARFC proposal titled “The Aave Foundation, Phase 1” to the Governance Forum on October 2. The proposal plans to establish a memberless foundation company, Aave Foundation, in the Cayman Islands under the Foundation Companies Act, to hold the Aave protocol-related trademarks and associated intellectual property for the benefit of Aave protocol stakeholders. The proposal states that, for years, DAOs have funded service providers to produce code, risk tools, and documentation, but ownership often ends up with the contracting party. Additionally, the trademark and primary domain are currently not directly controlled by the DAO.
The first phase covers only entity registration, as well as the appointment of independent directors, supervisors, and a secretary. The DAO will cover reasonable registration, legal, and appointment expenses and will not request a continuing operations budget.
The proposal also specifies that the actual transfer of the trademark, the primary domain, and intellectual property in the protocol code must be submitted for governance voting only after the entity is formed. After the foundation is established, it will disclose—on a quarterly basis—the assets it holds, changes in ownership, operating expenditures, and enforcement actions to the forum. Governance permissions for protocol matters such as listing, parameters, budgets, and selecting service providers remain with $AAVE token holders. The foundation has no right to vote, veto, or serve in an advisory capacity. Neither Aave Labs nor its DAO service providers may appoint or serve as directors or supervisors.
If the ARFC reaches consensus, it will proceed to Snapshot, and then complete registration after on-chain AIP authorization of the establishment fees.
Binance announced on October 2 that, to comply with Brazil Central Bank Resolution No. 521/2025, the cross-border crypto asset deposit and withdrawal process for users in Brazil will be adjusted effective November 1, 2026. When users send or receive crypto assets to or from their own accounts outside Brazil, or from non-resident individuals or companies, they must fill in the purpose of the transfer and confirm the identity of the beneficiary or sender. Foreign trading platforms and self-custody wallets are subject to the same requirements; the collected information will be reported to the Brazilian Central Bank on a monthly basis. Transfers within Brazil are not affected. If you do not make international crypto asset transfers, no additional action is required.
In terms of the process, an international withdrawal or deposit will trigger a questionnaire pop-up: for amounts of USD 50,000 or less, users can select the purpose from a short list; for amounts above USD 50,000, users must look up the complete list of permitted purposes. When transferring to your own account abroad or to a self-custody wallet, some fields will be pre-filled and users only need to review them. If the counterparty is not an institution authorized to operate in Brazil’s foreign exchange market, the per-transaction limit for international crypto asset transfers is USD 100,000, which may be increased to USD 500,000 in the future. Withdrawals cannot be submitted if the required information is not completed; deposits will remain pending, and in certain cases assets may be returned to the sender. Binance emphasized that this update only implements Brazil’s virtual asset foreign exchange rules and is not the Travel Rule; the latter is planned for phased implementation in 2027 and 2028.
MetaMask disclosed a base infrastructure security incident on September 30 and took preventive measures, starting to wind down its non-custodial staking business (MetaMask Staking, formerly Consensys Staking) that operates Ethereum validators on the Lido protocol. The company said it has not found any direct threats to MetaMask wallets at present. This staking uses a non-custodial architecture; the platform does not hold users’ withdrawal keys. Validator daily signing and withdrawal destinations are handled by different credentials. The Lido research forum also clarified at the same time: $stETH holders do not need to take any further action.
In terms of the process, the relevant validators have already initiated their exit. The final batch is expected to complete the exit by October 7, 2026 (at which point not all withdrawals will yet be completed). Because Ethereum has a long queue, the full cycle of exit, withdrawal, and re-entry could last up to about 45 days. During this period, users may miss rewards. If validators are taken offline early to reduce the risk of network penalties, they may also incur slashing penalties. On-chain research estimates that around 17,000 validators—totaling about 523,000 $ETH —are in the exit queue, and that about 0.36 ETH in block production rewards were previously directed to an abnormal address. MetaMask has not yet publicly confirmed the above scale and the intrusion path. The investigation is ongoing, and users are reminded to watch for potential phishing risks going forward.
Ethereum Layer 2 network Blast announced in an X post on October 2 that it would gradually cease operations. The project said that when it was launched, its goal was to build a self-sustaining chain for users and developers, but that the maintenance costs have exceeded L2 revenue. It said it could not see a credible path to make the chain’s economics sustainable. The current priority is to ensure a smooth shutdown, and it asks users to withdraw all their assets (including Blast PWA balances) back to $ETH mainnet.
In terms of the process, Blast first reduced the withdrawal delay to 24 hours and will exit its Lido holdings in advance, which is expected to take about a week. During this period, withdrawals will be temporarily unavailable. Once completed, withdrawals will resume with the new 24-hour delay. Users must withdraw via the normal interface before October 26, 2026. After that date, assets can still be withdrawn, but users will need to interact directly with Blast’s cross-chain bridge contract on Ethereum L1. The official side will publish detailed instructions by that time.
Public data shows that locked assets have fallen by roughly 98% from the peak in June 2024—down from more than $200 million to around $32 million. On-chain fee revenue over the past few months has also contracted sharply from its peak. Before the mainnet launch, large deposits were attracted due to expectations of native yield and point incentives, initiated by Blur founder Pacman and supported by firms including Paradigm. $BLAST fell noticeably for a time after the announcement.
Binance issued an announcement on October 2: To support a system upgrade for the co-operating broker program, the platform’s U.S. stock trading service will be temporarily unavailable from 19:00 to 22:00 on October 3 (UTC+8). During this period, users will not be able to submit stock trading orders. The upgrade window corresponds to 11:00 to 14:00 in Coordinated Universal Time (UTC). The official notice states that the schedule is arranged outside the U.S. regular stock market trading hours.
Announcement notice: The downtime is expected to fall within the above window, and may also end earlier or be extended due to additional work. After the upgrade is completed, the U.S. stock trading service will automatically resume, so users are advised to plan their order placement and cancellation timing in advance. Other product lines such as spot crypto, futures, wealth management, etc. are not included in this suspension; deposits, withdrawals, and trading of crypto assets can continue as usual.
This maintenance is part of the planned work on the cooperating brokerage’s side, not an unexpected platform failure. Binance’s U.S. stock access (Binance US stocks channel) is available to users in eligible regions. The eligible targets cover the ability to trade U.S. stocks and related spot ETFs. If you need to place orders before or after the window, you should avoid the 19:00–22:00 period. For users monitoring progress via the TradFi entry, you can treat this maintenance as a routine operations checkpoint and carry out actions according to the announcement schedule.
Fiserv announced on October 1 (08:30 a.m. Eastern Time, approximately 20:30 in the East 8 time zone) that its digital asset platform has officially gone live for financial institution clients. The first use case is the U.S. dollar–pegged Roughrider Coin launched by a North Dakota bank for interbank funds transfers within the state. The issuance is handled by VersaBank for minting, burning, custody, and reserve management; Fireblocks provides the digital asset infrastructure and tokenization services, and trading and settlement are completed on the $SOL public chain.
More than 90 North Dakota banks and credit unions can access the service via the Fiserv Commercial Center. Initiation, approval, and settlement follow the existing interbank transfer operation screens, without the need to open separate cryptocurrency accounts for the general public. The token is permissioned, one-to-one backed by U.S. dollar reserves, and is restricted to holding and transfers by financial institutions; it is not available for retail users to buy, sell, or invest.
The project was planned starting in October 2025 and advanced for implementation in 2026; it is already live in production. The platform can also support subsequent scenarios such as stablecoin issuance, cross-border payments, programmable commerce, and treasury automation. As of now, no information has been disclosed regarding the settlement amount or the number of active senders. Whether participating institutions can use this new track for daily clearing still requires validation with subsequent data.
The U.S. Bureau of Labor Statistics announced on October 2 at 20:30 (Eastern Eight Zone): September nonfarm payrolls increased by only 29,000, far below market expectations of about 90,000; the unemployment rate rose to 4.2%, higher than the expected 4.1%. Total employment for July and August was revised downward by about 60,000, and average hourly earnings rose by just 0.1% month over month, below expectations of roughly 0.3%. The Labor Department said employment changes in major industries were not significant. Private-sector employment added about 46,000, while government-sector employment fell by about 17,000.
After the data was released, $BTC briefly surged from around $86,450 to about $87,230, before pulling back to the $86,800–$87,000 area. Spot gold also strengthened in tandem. Expectations in the market for the Fed to stay on hold in the near term warmed up accordingly, contrasting with the earlier mood after the September rate hike when markets had briefly priced in another hike.
$ETH and other major altcoins moved up in line with the trend, but price action was still driven by leveraged positions. Softer jobs data has drawn attention back to the interest-rate path. Whether this rebound can hold will still depend on comparing the next steps with the 10-year real yield, as well as inflation data around October 14, before we can judge if the rally is firmly established. A cooling labor market does not necessarily mean inflation is already under control; the window for market volatility is likely to continue.
On October 2, the crypto derivatives market saw a rapid liquidation cascade of short positions: within about 10 minutes, roughly 110 million USD in short contracts was forcibly liquidated, forming a typical short-squeeze chain reaction—price spikes triggered liquidations; liquidation buy-backs then pushed the price higher, amplifying short-term volatility through leveraged positions. At the same time, centralized exchanges such as Binance also recorded multiple million-dollar liquidations of $BTC and $ETH short orders. One Ethereum short liquidation, at around 2.1 million USD, was particularly notable. Total liquidation volume was primarily driven by BTC- and ETH-related positions.
According to CoinGlass, in the same time window of about one hour, total liquidations across the market were approximately 122 million USD, with shorts around 119 million USD and longs only about 2.61 million USD. By asset, the figures were about $BTC 8833 (units), $ETH 1827 (units), and SOL at 5.15 million. Shorts accounted for nearly more than 90%, indicating that leveraged short exposure was concentratedly liquidated in a short period of time rather than a balanced long/short retracement. Market risk appetite had been recovering beforehand, but the core driver of this pulse was the position structure—not a single policy-driven catalyst.
Such pulses more often reflect position structure and leverage crowding, and should not be interpreted alone as a trend inflection point. Going forward, attention should be paid to how open contracts are reset, whether new short positions are covered at higher price levels, and whether volatility continues to transmit to spot markets and related liquidity conditions.
U.S. spot Bitcoin ETFs recorded about $102.7 million in net inflows on October 1 (U.S. Eastern Time), reversing the roughly $149 million net outflows logged on September 30 and turning positive again for the first trading day of October. BlackRock’s IBIT saw about $195.6 million in single-day net inflows, partially offsetting the selling pressure from outflows in products such as Fidelity’s FBTC (around $60.7 million).
On the same trading day, U.S. spot Ethereum ETFs recorded net outflows of about $55.4 million, marking the third consecutive trading day of capital withdrawals. Institutional flows showed a clear divergence between products $BTC and $ETH . Monitoring sources such as Farside indicate that Bitcoin is back to net subscriptions, while Ethereum remains in the redemption range.
Historically, October brings the “Uptober” narrative. This opening, however, looks more like structural divergence rather than a broad, synchronized increase in positions. Going forward, it remains to be seen whether capital flows in both segments can turn positive at the same time; a single day’s net inflow should not be interpreted as trend confirmation.