LayerZero’s token $ZRO continued to climb on the evening of October 6: Binance spot trading reached a high of $2.27 around 23:10 (UTC+8), its highest level since March 2026. It was up about 15% in 24 hours, with roughly $23.7 million in trading volume. From its September 28 low of $1.423, it had gained about 59% in less than ten days; its lowest point in July was $0.706.
That same day, Stargate’s merger into LayerZero took effect on Binance. At 11:00 (UTC+8) on October 6, Binance delisted all STG spot trading pairs, and at 11:30 it suspended STG deposits and withdrawals. STG was automatically converted to ZRO at a rate of 1 STG = 0.08634 ZRO; existing ZRO trading pairs were unaffected. STG perpetual contracts had already been settled and delisted on September 24.
Buybacks are also continuing. On-chain monitoring shows that LayerZero bought about 162,000 ZRO (worth roughly $347,000) on October 6, bringing total buybacks to around 2.538 million tokens. Another major development is the ATLAS trading infrastructure, which the project says will launch before the end of the year, though no mainnet date has been announced.
On the supply side, October 20 is the date to watch: according to DefiLlama data, around 23.63 million ZRO tokens will unlock that day for core contributors and strategic partners. Over the same period, $BTC was worth about $86,600 and was up roughly 1% in 24 hours.
Numerai’s token $NMR surged sharply on the evening of October 6: on Binance spot, it jumped from around $12.00 to $18.99 in five minutes, between 19:35 and 19:40 (UTC+8), its highest level since late September 2025. It then pulled back to the $16.50–$17.50 range. At around 21:10, it was trading at approximately $17.08, up about 43% in 24 hours, with roughly $17.5 million in trading volume, compared with only about $1.4 million for all of October 5.
The catalyst was a listing announcement from South Korean exchange Upbit. Around 19:36, Upbit announced that it would list NMR trading pairs against the Korean won and USDT. Trading opened at 19:45 (20:45 Korea time), with deposits and withdrawals supported only on the Ethereum network. According to the announcement, buy orders were restricted for the first five minutes after trading opened, and only limit orders were accepted for the first two hours.
Numerai is a hedge fund that uses models crowdsourced from data scientists around the world to trade stocks. Participants stake NMR to submit predictions; they receive rewards for good performance and have their stakes reduced for poor performance. In August 2025, J.P. Morgan Asset Management made a capacity commitment of up to $500 million. Numerai currently manages about $700 million and bought back roughly $3.2 million worth of NMR over the past year. On September 28, NMR had already risen about 35% in a single day, reaching a high of $15.50; this was its second sharp rally in less than ten days. Meanwhile, $BTC was around $86,000, essentially flat over 24 hours.
The reserve ratios for all four major assets in this report are at least 100%: $BNB is 100.47%, $BTC is 100.35%, ETH is 100.00%, USDT is 103.88%, with USDT having the largest reserve surplus.
The reserve ratio is the ratio of the assets of a given cryptocurrency held by Binance to users’ net balances on the platform. A ratio of 100% means that for every 1 coin deposited by a user, the platform holds at least 1 coin of the same asset in reserve. Reserves are always maintained at a 1:1 ratio or higher to safeguard users’ funds.
The Proof of Reserves report is updated monthly. You can view data for each cryptocurrency on the Proof of Reserves page and independently verify whether your account balance is included in this report. It’s transparent and verifiable 👇 cf-workers-proxy-cyt.pages.dev/zh-CN/proof-of-reserves
Solana-based DEX Orca’s token $ORCA has risen for three consecutive days: on Binance spot, it climbed from around $1.80 at the close on October 3 to briefly hit $2.709 at 17:00 (UTC+8) on October 6, its highest level since mid-August 2025. Around 19:00, it was trading at about $2.54, up roughly 40% over three days and about 28% in 24 hours. Trading volume was around $22 million, more than ten times September’s daily average. Compared with around $1.26 in early September, the price has doubled.
The main focus during the same period has been a governance proposal that is still moving through the process. On September 29, the Orca Council posted a unanimously approved proposal to the governance forum: reduce the share of protocol fees used for buybacks for xORCA stakers from 40% to 10%, allocate another 10% to a team-managed buyback account, and give 80% to the development team for operations; transfer around 14.2 million ORCA from the community treasury to a team account, to be used only for acquisitions; and place the fee treasury of around 70,000 SOL under team management, while disbanding the Council. The team says it has reached an agreement to acquire a leading Solana DeFi protocol, which could add lending and yield products and increase TVL by around 50%, but has not named the target.
Some holders have also objected on the forum, arguing that staking rewards would be cut to a quarter of their current level and the scope of token voting would be sharply reduced. Under the process, the proposal goes to a five-day on-chain vote after at least four days of discussion, and needs 3 million votes in favor to pass. Meanwhile, $SOL was around $120, essentially unchanged over 24 hours.
Radworks governance token $RAD surged on October 6: Binance spot rose from around $0.263 at about 23:00 on October 5 (UTC+8), briefly reaching $0.436 at 14:00 on October 6, its highest level since December 2025. It was trading at around $0.417 at 17:00, up about 55% over 24 hours, with roughly $17 million in trading volume. In the preceding 10 days, RAD had mostly traded sideways between $0.245 and $0.29, with daily trading volume generally below $1 million.
The rally has not yet been accompanied by any official announcement, listing, unlock, or partnership news. In fact, the project’s fundamentals were recently hit by bad news: on September 23, Radicle, a peer-to-peer code collaboration network supported by Radworks, disclosed two high-severity vulnerabilities in its network protocol. Data transmitted between nodes was not encrypted, and handshake authentication could be bypassed using a forged identity, potentially allowing others to read the contents of private repositories. The team advised users to pause syncing private repositories over the network. The proposed fix is to switch to the open-source networking stack iroh, which requires a backward-incompatible 2.0 release that has not yet been launched.
On the market side, RAD has a circulating supply of about 59 million tokens. At the 17:00 price, its circulating market capitalization was roughly $25 million. Its small size and thin liquidity contributed to an intraday low-to-high swing of more than 60% over 24 hours. It remains about 40% below its September 2025 high near $0.72. Over the same period, $BTC was worth about $86,000, essentially unchanged over 24 hours.
On October 6 (UTC+8), the Solana Foundation launched Solana DvP, an open-source settlement program built around “delivery versus payment”: asset delivery and fund payment are completed in the same on-chain transaction, so either both settle or neither does. Settlement time is reduced from the one to two days typical of traditional markets to just seconds. The program is released under the MIT open-source license and provides escrow segregation and deadline mechanisms. It has passed an external security audit and can be used with real funds.
J.P. Morgan contributed institutional settlement expertise and requirements to the project, helping shape rules such as deadlines and escrow segregation. DvP supports SPL Token and Token-2022, including extensions commonly used by regulated issuers, such as permanent delegates, pausable tokens, and transfer hooks. Any two parties can choose a bank, custodian, or exchange to act as their settlement agent. Previously, institutional on-chain trades were often settled using custom smart contracts developed by each party. Solana DvP aims to make this step a unified standard, and the Foundation also plans to add privacy features so settlement details can remain confidential.
In the market, $SOL was trading at around $119.8 on Binance spot at 14:58 on October 6 (UTC+8), down about 1.4% over 24 hours. It had mostly fluctuated between $116 and $125 over the past 10 days. $BTC was trading at around $85,300 over the same period, down about 1.1%. This launch represents progress at the infrastructure level, but there has been no notable short-term price reaction so far.
$FIL saw a sharp rise on higher volume from October 5 to 6: Binance spot FIL/USDT climbed from around $1.05 to a high of $1.2046, and was trading at around $1.176 at 12:57 on October 6 (UTC+8), up about 12% in 24 hours and nearing the interim high of $1.2296 on September 26. From its August low of $0.6095, FIL has risen about 93%.
October 15 marks a milestone for FIL’s supply. The Filecoin mainnet launched on October 15, 2020. The genesis allocations for Protocol Labs (210 million tokens) and the Filecoin Foundation (100 million tokens) are being released linearly over six years and will be fully released by October 15, 2026. According to data disclosed by Filecoin on September 4, about 66.7 million of these tokens are released each year, alongside about 21.7 million in block rewards. After the releases end, block rewards will be the only source of new issuance, at around 22 million tokens a year. Total issuance will fall by about 75%, to a little over 2% of the circulating supply.
A reduction in issuance does not mean a reduction in circulating supply: the FIL already on the market will not decrease as a result. Future performance will also depend on whether demand for paid storage can keep pace. Products such as Filecoin Onchain Cloud are bringing paid storage onto the blockchain. FIL is still more than 99% below its all-time high of around $237 in 2021; over the same period, $BTC was trading at around $85,600, virtually unchanged over 24 hours, making this a rally specific to FIL.
$BTC reached its all-time high one year ago: Binance spot BTC/USDT touched $126,199.63 during the hour beginning at 18:00 UTC on October 6, 2025 (2:00 a.m. on October 7 in UTC+8). As of 11:00 on October 6, 2026 (UTC+8), BTC was trading at around $85,580, about 32% below its peak, and down roughly 1% over 24 hours.
It’s been a bumpy year. BTC fell below $90,000 in November 2025, hit a low of exactly $60,000 in February 2026, and tested $58,115 in June—about 54% below its peak, the deepest point of this cycle. It began to recover in August, reaching a high of around $87,400 on September 21. Since October began, several attempts to break above $87,000 have failed to hold. BTC has rebounded about 47% from its June low and would need to rise another roughly 47% to return to its previous high.
$ETH also remains below last year’s high: it peaked at around $4,755 in October 2025 and is now trading at about $2,700. BNB peaked at $1,375 in October 2025 and is now around $782, down about 43%. In the previous three cycles, BTC’s maximum declines from its peak ranged from 77% to 85%, and it took 28 to 38 months to reach a new high. This cycle’s deepest decline has been about 54%, and it is currently in its 12th month.
$RLC nearly doubled from the evening of October 5 through the early hours of October 6. On Binance spot, RLC/USDT began rising from around $0.38 at 16:00 on October 5 (UTC+8), reaching a high of $0.7851 after 08:00 on October 6 and trading near $0.71 around 09:00. Its 24-hour gain was about 95%, with trading volume of approximately $32.9 million, compared with only a few hundred thousand dollars per day from October 1 to 4.
RLC is the native token of iExec. iExec provides decentralized confidential computing: applications run in hardware-based trusted execution environments such as Intel TDX, data remains encrypted throughout, proof of execution results is recorded on-chain, and computing fees are settled in RLC. On July 2, it shut down the Bellecour sidechain bridge and shifted to Arbitrum and Ethereum. Its confidential finance layer, the Nox protocol, is running on testnet. The team plans to launch it on mainnet this year and to disclose details of RLC token economics before the mainnet launch.
As of 09:00 on October 6, no official announcement or partnership news corresponding to this rally had been observed; the rise was driven mainly by increased trading volume. Approximately 87 million RLC are in circulation, close to the total supply. At $0.71, its market capitalization is about $62 million, making it a small-cap, highly volatile asset. Its August 2025 high was around $1.85, so the current price remains about 60% lower. Meanwhile, $BTC was near $85,800, down about 0.9% over 24 hours, with no corresponding strength in the broader market.
$ADA On October 5, ADA made one of the strongest moves among major coins: on Binance spot, it hit an intraday high of $0.2768, its highest level since May this year. At 23:10 (UTC+8), it was trading at around $0.269, up about 8.4% in 24 hours and more than 10% from around $0.244 on the morning of October 4. Over the same period, $BTC continued to move within the $84,000–$87,000 range, while ETH gained less than 1%.
The rally is largely attributed to two developments. First, RealFi launched on the Cardano mainnet on October 1. It issued USDrf, a U.S. dollar stablecoin backed by real-world assets, and sUSDrf, a staked version, directing stablecoins toward institutional credit with annualized returns of up to about 9%. Lace Wallet, Liqwid, and SundaeSwap were among the first to integrate it. Second, the next-stage Dijkstra upgrade: its first phase is planned for release between late December 2026 and early 2027, introducing Linear Leios and nested transactions, with the goal of significantly increasing throughput.
On-chain activity has yet to catch up with the price. DefiLlama data shows that daily DEX trading volume on Cardano fell from about $11.74 million on October 1 to around $5.72 million on October 3. RealFi deposits and yields are denominated in U.S. dollars, so direct demand for ADA mainly comes from transaction fees. The U.S. Dollar Index rose to 102.53 on the same day, its highest level since April 2025—a development typically seen as a headwind for crypto assets.
Over a longer period, ADA is up about 46% over the past three months, compared with roughly 37% for BTC, making it the second-best performer among major coins after SOL.
At 20:00 (UTC+8) on October 5, Binance Co-CEO Richard Teng and Vice President of Product Jeff Li officially launched Binance Intelligence during a livestream on Binance Square. It’s a suite of AI products built into the Binance app, comprising Binance AI, Binance AI Pro, and Binance Agent OS.
Binance AI is free for all users, with access rolling out in phases from October 5. It’s available on the new “For You” page, whose modules automatically adapt to each user’s holdings, followed assets, and frequently used products. The layouts differ for spot, futures, and U.S. stock users. Features include Market Brief, updated every four hours and covering crypto, U.S. stocks, and macroeconomics in both text and audio; Smart Tool Tips, which appear based on users’ level of familiarity; and components such as Smart Alert and PnL Recap.
Binance AI Pro is designed as a financial agent: describe an idea in one sentence, and it generates a visual strategy and flowchart that can be edited module by module on desktop, with no coding required. AI Pro will roll out in phases from the second half of October. The Basic plan includes a monthly free allowance for querying and previewing strategies; Premium costs 19.99 $USDC per month and unlocks live trading, paper trading, and model selection. Live strategies run in a separate sub-account, which users must fund manually. The agent cannot transfer funds on its own, and users must confirm every execution.
The underlying Binance Agent OS launched in August. Built for developers and quant teams, it supports the Binance API, wallets, x402 payments, and the MCP protocol, and now handles more than 280,000 calls per day.
Self-custody wallet Phantom announced support for BNB Chain at 01:05 (UTC+8) on October 2. Two minutes later, the official BNB Chain account confirmed the launch. Update the app or browser extension to the latest version, then enable BNB Chain under “Settings—Active Networks” to directly hold, send, receive, buy, and swap $BNB and BEP-20 tokens.
Phantom got its start on Solana, and its help center had previously listed BSC as an unsupported network, meaning users with BSC assets had to install a separate EVM wallet such as MetaMask. With BNB Chain now its ninth supported network, Phantom also supports Solana, Ethereum, Base, Polygon, Robinhood Chain, Arc, HyperEVM, and Bitcoin. When routing is available, users can also swap across networks, and the app offers perpetual futures powered by Hyperliquid.
There are still some limitations for now. According to Phantom’s help center, opBNB and BNB Beacon Chain are not currently supported; users cannot connect to DApps on BNB Chain, NFTs are not displayed, and Ledger accounts cannot yet be used. Network fees must be paid in BNB on BNB Chain; BNB on other chains cannot be used to cover them.
In the market, $BNB briefly rose to $809.99 on Binance Spot on October 5, then fell back to around $790 as of 19:05 (UTC+8), essentially unchanged over 24 hours.
As of October 5 at 17:05 (UTC+8), approximately 786,000 $ETH are in Ethereum’s validator exit queue. At the current rate of 256 per epoch, the wait is about 13 days and 16 hours. On October 2, the exit queue briefly reached approximately 851,000 ETH—more than five times higher over three days and the longest wait since 2026.
The surge in exits is mainly driven by MetaMask. After reporting an infrastructure security incident on September 30, MetaMask began precautionarily exiting its validator nodes operated by Lido. An update on October 1 said that no impact on wallets or user funds had been found so far. Lido expects the ETH to be gradually restaked after exiting and being withdrawn. The process could take up to 45 days, during which the validators concerned will not earn staking rewards.
Meanwhile, approximately 1.458 million ETH are waiting to enter staking, with a queue time of about 25 days and 7 hours. That is more than a quarter below the early-September peak of around 2 million ETH and 35 days. Around 43.7 million ETH are currently staked across the network, or about 35.8% of the total supply, with an annualized staking yield of approximately 2.63%.
In the market, as of October 5 at 17:06 (UTC+8), $ETH was trading at around $2,722 on Binance spot, up approximately 0.9% over 24 hours.
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.