Mingo_

Argentine banks still won’t touch crypto
A central bank official just said

This year and next year
Banks and payment providers
won’t handle crypto

The 2022 ban remains in place
Banks can’t buy or sell crypto for customers
Payment apps can’t offer a buy button either

Here’s the surprising part:
Argentina is one of Latin America’s biggest crypto markets
But people have always bought it themselves on exchanges
The banking route is still closed

Put simply, the idea of buying through banks
has been pushed back
by two years
I don’t think this news will tank the market
Holdings can stay as they are

#阿根廷央行不推加密入银行支付

Ledger admits it

There really was a secretly installed hardware component
inside one compromised cold wallet

So far, only this one has been confirmed
All came from a Southeast Asian distributor,
CryptoBilis
which has stopped selling all its inventory

On-chain estimates suggest
several hundred addresses were drained
with losses exceeding $86 million
Ledger has not confirmed this figure

It says its own systems were not breached
The issue points to a stage before the devices reached customers

If you bought one from that seller within the past 90 days
and haven't activated it, don't activate it
If you're already using one, I'll switch to a new device,
generate a new wallet, and transfer the coins

#Ledger暂停CryptoBilis销售 $BTC

Blockchain makes it into a central government document

The Opinions on Developing New Quality Productive Forces, issued by the CPC Central Committee and the State Council on October 9, include the phrase “build a national blockchain network.”

It appears alongside the computing power network and the East Data West Computing project, in the section on the digital economy. Put simply, blockchain is being built as infrastructure.

The market reacted quickly: CFX rose by around 20% in a day.

My first thought: this is about the chain, not the coin. It’s common for concept coins to rally first. I’m not chasing it—I’m just treating it as market sentiment.

#国务院提出建设国家区块链网络 $CFX

They’re calling it a breakout,
but really, it’s just back where it started.

Ethereum just climbed above 2,500,
but it barely moved over the course of the day.

It was still above that level on Wednesday.
Then on Thursday, it took a sharp dip,
with a low just above 2,400.

Over the past two days, it’s slowly climbed back.
Put simply, it’s reclaimed lost ground—
not quite a new rally yet.

The real hurdle lies ahead.
A week ago, it was around 2,700.

For now, I’ll treat this as a rebound.
Let’s see if it can hold for a few days.

#以太坊突破2500USDT $ETH

This mining company didn’t keep a single coin

Bitdeer just reported its weekly figures: it mined more than 300 bitcoins this week and sold them all.

The company has zero bitcoins on its own balance sheet, excluding customer deposits.

When people see miners selling coins, their first thought is often that they’re about to dump the market.

But it’s been doing this for the past few weeks—selling as soon as it mines, not suddenly making a run for the exits.

Bitcoin is hovering around $83,000 right now. The market can absorb a few hundred coins a week.

My read: Bitcoin has rebounded, but miners still aren’t holding on to a single coin. I’m in no hurry to add to my position.

#比特币 $BTC

Ethereum ETFs have seen outflows for nine straight days
A total of $540 million flowed out this week

Another $56 million went out on Thursday
All from BlackRock's fund

On the same day, Bitcoin ETFs
actually saw a small net inflow

Put simply,
institutions aren't pulling out across the board
I think they're being selective
Moving money toward Bitcoin

The price barely moved today
But I'm not sure I trust this calm
when no one's stepping in to buy

I'm not adding to my position yet
I'll wait until the outflows stop

#ETH $ETH

Starknet wants to go solo

The team said two days ago that it’s seriously considering no longer being a Layer 2 on Ethereum and instead becoming its own Layer 1 blockchain.

The reason? Quantum resistance. The goal is to build the first fully quantum-resistant network by 2027.

After the news broke, STRK surged nearly 50% on Binance Spot, but has now pulled back more than 10% from its peak.

Note that the exact wording was “considering”—nothing has been decided yet.

Put simply, the story has already sent the price up, but there’s still a long way to go before anything is delivered. I’m sitting this one out for now and will wait to see an actual plan.

#STRK up about 20% in 24 hours $STRK

You can now send crypto in chat
The built-in wallet is called Money

Telegram is rolling it out in stages
It transfers GRAM
That is, TON before the name change

Send it directly in chat
The first 5 transfers each day have no network fee

But it’s not available to everyone
Someone has to send you a transfer first
Then the option will appear

A billion users are
one step closer to on-chain

But it’s non-custodial
Lose your keys and your money is gone for good

My first thought
Scammers will learn how to use it before newbies do

If a stranger offers to help you activate it
I ignore them, no matter what

#Telegram预计推出Gram钱包 $GRAM

This bug stayed hidden for nearly a decade

The XRP Ledger team just published a report: its payment engine had an arithmetic overflow bug that could create XRP out of thin air.

The trick was to place hundreds of bizarre offers, then sweep them all up with a single payment. The extra coins could still be spent as usual.

Even more awkwardly, the anti-minting security check used the same algorithm, made the same calculation error, and failed to catch anything.

The team says the bug had been there since 2015, and a researcher only reported it last month.

Version 3.4.1 has fixed it, and the team says there’s no evidence anyone exploited it. I’ll take this as a false alarm, not a bearish catalyst.

#XRP账本修复可增发XRP的漏洞 $XRP

Brazilian stocks are getting a tokenized version
As early as the first half of next year

Brazil’s largest exchange, B3,
plans to turn existing stocks
into tokens for trading

Tokens and original stocks can be exchanged
The same order book
The same price

But don’t get too excited
Trading will still be limited to business days
Settlement will still take two days
24/7 trading and real-time settlement
will have to wait for regulators to change the rules

It was originally supposed to launch
in the second half of this year
Now it’s been pushed back

Put simply,
traditional exchanges are also racing to tokenize
I’m not treating this as a bullish signal for RWA coins just yet

#巴西交易所B3拟2027年上半年推出证券代币化平台 $ONDO

Frozen doesn’t mean recovered

Tether has frozen USDT linked to the Ledger theft. On-chain estimates put the amount frozen at around $10 million.

The total amount stolen is estimated at nearly $90 million, with the source traced to an authorized distributor in Southeast Asia. Ledger hasn’t confirmed this figure yet.

Freezing the funds only stops them from being moved; it doesn’t return them to victims. Around $2 million USDT has already been converted to USDD to get around the freeze.

Put simply, even authorized channels can be compromised. When I get a new device, I’ll factory-reset it, generate a new wallet myself, and only then transfer funds into it.

#Tether冻结Ledger盗窃案相关USDT $TRX

The CFTC wants to bring prediction markets under its wing
Including sports, politics, and weather

On October 9, it proposed a new rule
Explicitly adding these event contracts
to the definition of “swaps”

Put simply,
they’d be regulated by the federal CFTC going forward
instead of each state calling the shots

Another interim rule
carves out the kinds of bets offered by traditional gambling venues

For now, it’s still just a proposal
and will first go through a 30-day public comment period

My first reaction:
Having someone oversee the sector is a good thing
but there’ll be some friction during the transition

#CFTC拟将事件合约纳入掉期监管 $BTC

Quantum-resistant? NEAR has had it for a while.

NEAR just announced that accounts now support quantum-resistant ML-DSA signatures.

No need to move your coins or change your address. Just make an on-chain transaction to switch keys.

But it’s opt-in. Existing accounts aren’t quantum-resistant unless they switch, and wallets need to support it too.

NEAR is up nearly 7% today, trading around $5. I’ll take this as a positive news catalyst, but I’m not chasing the move.

#NEARAccountsSupportQuantumResistantMLDSASignatures $NEAR

ZEC is going quantum-resistant, yet it's down 7% in a week

Zcash developers have released a plan aiming to support quantum-resistant signatures by next January. It uses a hash-based signature scheme. The first step will protect only transparent transactions; privacy addresses will need separate protection. For now, the timeline is still a target and hasn't been finalized.

Binance spot $ZEC is now at 1210.7, down about 7% from 1301.65 seven days ago. On 10/08, it plunged to a low of 1112.77, and has only rebounded about 8.8% over the past two days. 24-hour trading volume is about $160 million.

Two things to watch next: whether this plan becomes a formal upgrade proposal, and whether the quantum narrative can attract real buying. For now, the news is running ahead while the price hasn't caught up.

The easiest way to misread this news is to think “quantum-resistant by January.” That's only a target date, and it initially covers only transparent transactions—so take a closer look before chasing the rally.

#Zcash计划1月支持抗量子签名 $ZEC

KAIA is up 42%—has the news already been fully priced in?

Before 16:00 today, $KAIA had just $10,000–$30,000 in hourly trading volume on Binance Spot, with the price hovering around 0.0379.

During the 16:00 hour, a major South Korean trading platform announced it was listing KAIA, with KRW, BTC, and USDT trading pairs. The price surged to 0.0518 within an hour, with about $7.88 million in trading volume that hour.

The market opened over there at 17:30. On Binance, the price surged to 0.068 in under two hours, then turned down. It’s now around 0.0545, down about 20% from the high. Hourly volume has also fallen from $7.88 million to less than $1 million.

The reason for the rise is clear. The question is that buying was concentrated in the few hours around the listing, and after trading opened, there was no one stepping in to buy.

When something rises 40% in a day, I’d rather keep an eye on $KAIA than on those where the reason is impossible to find. With KAIA, it’s clear where the price rose and where to sell. I’ll wait until trading volume stabilizes before deciding.

#加密市场 $KAIA

A Monitoring Tag Isn’t a Delisting, but It Brings You Closer to One

Binance announced today at 15:00 that it had added monitoring tags to $BICO and $CVC .

The announcement was blunt: these tokens “no longer meet the standards they were required to meet when listed on our platform, and may be delisted.” The review looks at factors such as the team’s commitment, trading volume and liquidity, and changes in token supply.

In the hour after the announcement, CVC’s Binance spot trading volume was about $1.06 million, compared with just $10,000 to $40,000 per hour before. Its price fell from 0.0257 to 0.0248. BICO saw about $680,000 in volume over the same hour. It’s now at 0.0192, down around 3.8% over 24 hours.

“May be delisted” doesn’t mean a token definitely will be delisted. Binance conducts regular reviews and can also remove monitoring tags. The concern is that both tokens had only about $2 million in 24-hour trading volume, meaning liquidity was already thin.

That same day, Binance Alpha also announced the removal of 14 tokens. Are you holding any of the tokens named? Let us know in the comments.

#币安 $BICO $CVC

RLC trading volume jumps from $500,000 to $55 million

On Binance Spot, $RLC closed at 0.3644 on October 4. It’s now at 1.0705, nearly tripling in five days. Earlier today, it briefly surged to 1.488 before pulling back by about 28%.

Another set of numbers is even more striking: before October 5, its daily trading volume was only $100,000 to $500,000. Since October 5, there have been four days with volumes between $27 million and $55 million—a completely different scale.

The price and volume figures are real, but so far I haven’t seen any new announcements or partnership news from the project team, so the reason for the surge is unclear. A rally without news to support it can often reverse just as quickly, and today’s long upper wick is a case in point.

If volume drops back below $10 million over the next few days while the price holds steady, then I’ll take a closer look at whether $RLC really has something new going on.

#Square $RLC

STRK rose 41% in a day—and it’s still only under consideration

Starknet is still an Ethereum Layer 2. On October 8, the team said it was “actively considering becoming an L1,” with the goal of becoming fully quantum-resistant by 2027—two years ahead of Ethereum’s 2029 target.

After the announcement, $STRK rose from 0.0531 to 0.0749 on Binance spot in 24 hours, up around 41%, with approximately $59 million in trading volume.

The issue is that there’s no formal proposal, no governance vote, and no new architecture announced yet. Futures open interest rose 53% in 24 hours, and futures trading volume was about five times spot volume, with leverage accounting for most of the activity.

Next, watch to see whether a governance proposal is actually put forward. Around 127 million tokens are also due to unlock on October 15.

The easiest thing to misread here is “considering a move to L1” as “the decision has been made.” Make sure you understand the details before chasing the rally.

#以太坊 $STRK

Ethereum back above 2,500, but weaker than BTC

The market is wondering: After dropping to a low of 2,406 yesterday and climbing back above 2,500 today, is the decline over?

Looking at Binance spot data, $ETH is now around 2,504, up about 4.1% from yesterday’s low, but still about 7.1% below the October 7 open of 2,697. It’s also down about 2.4% over the past 24 hours.

Then there’s the exchange rate. ETH/BTC is around 0.0303, down about 2% over the past 24 hours, while Bitcoin is down only about 0.3% over the same period. In other words, during this rebound, investors have been more willing to move back into Bitcoin, while Ethereum has simply been along for the ride. On top of that, U.S. spot ETFs have seen net outflows for several days in a row, and new money hasn’t returned yet.

For this rebound, I’m more bullish on Bitcoin than on $ETH , because the exchange rate is still falling. Let’s wait for ETH/BTC to stabilize before talking about an Ethereum rebound.

#以太坊升破2500美元 $ETH

The IMF mentions tokenization for the first time: the conclusion is that it’s still too small

$65 billion—that’s the IMF’s estimate for the size of tokenized assets (excluding tokenized repos). For comparison, global capital market assets total around $300 trillion.

What matters is that October’s Global Financial Stability Report is the first to devote a section specifically to tokenization. Tokenized repos average around $300 billion to $350 billion a day, still far below the U.S. repo market’s daily average of about $13 trillion.

Interestingly, more than half of the transactions take place outside traditional trading hours, and around 80% of tokenized stock trades are for less than one share. 24/7 trading and fractional shares meet real demand, so on-chain U.S. equities (like what $ONDO is working on) aren’t a non-starter.

The risks are also spelled out plainly: low liquidity, high volatility, and fragmented platforms could amplify sell-offs and runs as the market grows.

Which do you think will come first: regulation or the market reaching scale? Share your thoughts in the comments.

#IMF称代币化市场仍小且碎片化 $ONDO