➖ The spot Bitcoin ETF market lost nearly $1 billion over two consecutive weeks, with a further $228.6 million in net outflows following $681.1 million the previous week, pushing October into the red.
➖ Sam Altman’s World project is bringing Proof-of-Human identity verification to the banking sector in partnership with Bain Capital and VanEck, aiming to curb potential $40 billion losses from AI fraud.
➖ France is tightening its regulatory grip by advancing a draft stablecoin tax and targeting new rules for self-custodial wallets and an exit tax.
➖ Zcash developer Zakura has submitted an emergency proposal to patch a quantum computing vulnerability that could threaten the privacy of shielded swaps in the future.
$SUI rose 3.3% to $1.005 in 24 hours and remains down 9.9% for the week. Robinhood’s Learn campaign offering $5 in SUI has drawn attention.
Mysten Labs appointed Kevin Boon as CEO. The USDsui buyback has purchased 900,000 SUI since June 22.
24-hour volume was $545 million, the volume-to-market-cap ratio was 13%, and the market ranking was 28th. Daily momentum remains at odds with the weekly trend.
➖ The Cysic crypto bridge was forced to suspend operations after an incident involving the unauthorized minting of 10 million CYS tokens.
➖ Crypto Super PAC Defend American Jobs poured an additional approximately $7 million into unseating Ohio Democratic politician Sherrod Brown, bringing its total spending to over $46 million.
➖ Nine crypto companies formed a quantum alliance to test cryptographic resilience standards following a potential vulnerability that threatens 6 million Bitcoin.
➖ Bets on chip stocks lost $52 million in just 10 minutes as Wall Street markets closed.
$PUMP down 4.1% to $0.00431112 in 24 hours and 20.7% in 7 days. Pump.fun has now activated perpetuals.
Hyperliquid-powered perps cover crypto and RWAs, including the S&P 500 and oil, with leverage of up to 50x. The feature has not yet been officially announced.
24-hour volume is $116 million, with a volume-to-market-cap ratio of 6%. The market’s response to the new feature should be monitored.
$SUI rose 6.5% to $1,049 in 24 hours, though it is still down 1.9% for the week. Sentiment was supported by KuCoin highlighting Sui's prospects.
KuCoin sees Sui as a fast Layer 1, with potential stemming from its relatively small valuation and growing adoption.
24-hour volume was $633 million, the volume-to-market-cap ratio was 15%, and its market capitalization ranked 28th. The weekly correction is being monitored.
$ZRO rose 21.4% to $2.21 after holding above $2, driven by renewed interest in derivatives as the altcoin market strengthened.
Open Interest rose 31% to $275 million, while derivatives volume surged 63% to $336 million. A long/short ratio above 1 indicates that long positions are dominant.
24-hour volume was $178 million; post-rally profit-taking remains a short-term risk.
$AERO up 11.4% to $0.94257 in 24 hours, extending its 7-day gain to 17.7% as Bitcoin climbed back above $80,000.
The Crypto Basic included Aerodrome in its October 16 analysis of support, resistance, and technical signals.
24-hour volume was $96 million, equivalent to 10% of its market cap. It ranked 81st by market capitalization; momentum needs to be tested at technical levels.
➖ Nearly $1 billion in crypto betting positions were liquidated amid a simultaneous decline in the prices of Bitcoin, Ether, and XRP.
➖ Russia’s largest bank, Sberbank, has officially secured a trading and custody license to offer Bitcoin, Ethereum, and USDT to its 110 million customers.
➖ A Bitcoin mining pool that controlled 2.3% of the network’s hashrate was forced to shut down after its computing power plunged 65%.
➖ Solana has scheduled its Alpenglow upgrade for October 21, aiming to cut finality time from 12.8 seconds to a target of 150 milliseconds.
$STRK fell 7.3% in 24 hours to $0.087101 ahead of the unlock of 127 million Starknet tokens on October 15.
The correction cut into a monthly rally that had exceeded 200%. There have been no reports of security breaches or technical failures affecting the project.
24-hour volume was $330 million, with a volume-to-market-cap ratio of 51%. The 7-day gain was 65.9%, while post-unlock risks should be monitored.