Crypto News

Yapeswap was exploited after a governance proposal passed despite WorkersUnion having a quorum requirement of zero, according to blockchain security firm SlowMist. The attacker reportedly held only about 0.000055% of voting power and used the proposal to transfer YapeFactory’s feeToSetter authority to their own address. They then installed a malicious Registry that made latestVault() return a fake vault while vaults() continued to list the genuine vaults. YapePair counted the misappropriated deposits as farming assets, but users received no redeemable shares. The reported loss was about $21,900. The Yapeswap incident highlights the risk of inadequate governance thresholds and mismatches between smart-contract functions. Traders should monitor any response from the project and assess exposure to its contracts; the reported loss is limited in scale but may weigh on confidence in Yapeswap.

Binance founder Changpeng Zhao (CZ) joked on X that some crypto traders could push the new foldable iPhone to its limits. His remark referred to the frequent, intense on-chain activity of traders in crypto markets. The post was humorous and did not announce a product feature, trading change or market development. It has no direct impact on crypto prices, though it reflects the fast-paced habits of some crypto traders.

Ethereum fell toward $2,350–$2,380 as BitMEX co-founder Arthur Hayes reportedly sold ETH and DeFi positions, adding pressure to crypto markets ahead of the Federal Reserve’s October 27–28 meeting. Bitcoin approached $80,500, with analysts warning that a weekly close below $80,000 could signal further weakness. Solana slipped toward $101, Cardano fell to $0.21, and XRP dropped below $1.30. Traders are watching inflation data, Fed rate guidance, oil prices and ETF flows for clues on whether the pullback will deepen or give way to consolidation. Ethereum and Bitcoin price action remains sensitive to risk sentiment and liquidity.

The US Securities and Exchange Commission has approved a Cboe BZX rule change allowing Volatility Shares to list six triple-leveraged exchange-traded products, including proposed 3x Bitcoin ETF BITH and 3x Ether ETF ETHK. The 3x Bitcoin and Ether ETFs are not trading yet: the SEC must first make their Form S-1 registration statements effective, and no review timeline or launch date has been announced. The funds would track futures-based benchmarks rather than hold Bitcoin or Ether directly. They aim to deliver three times the benchmark’s daily return, resetting leverage each day. That can amplify short-term gains and losses, while compounding and volatility decay may cause longer-term performance to diverge from three times the underlying asset’s return. The listing approval is a regulatory milestone, but traders should watch for S-1 effectiveness before treating the products as available.

High gas prices are affecting the cost of rural life in Alaska and may be shaping the state’s closely contested Senate race. Apay’uq Moore is among voters who say the economic strain has drawn them towards Democratic candidate Mary Peltola, who is challenging Republican incumbent Dan Sullivan. The article says polling shows a competitive race, with four candidates on the ballot and ranked-choice voting in place. It offers no specific poll figures. The report also points to a prediction market tied to Senate control and an oil-price threshold, but the cited market odds do not establish that gas prices have changed the race’s outcome.

Goldman Sachs has cut its 12-month KOSPI target by 25%, from 12,000 to 9,000 points, as concerns about AI-related trades grow. The Korean benchmark has fallen more than 35% from its June peak, prompting strategists led by Timothy Moe to adopt more cautious valuation assumptions. Goldman Sachs says the sell-off has left the KOSPI significantly undervalued; even with the lower target, it sees more than 60% potential upside. The revised KOSPI outlook reflects heightened uncertainty around AI-linked market positions.

Riyadh’s King Khalid International Airport has resumed international flights after a two-week closure linked to Houthi attacks from Yemen. International services are operating from Terminal 2, following Saudi authorities’ interception of a ballistic missile and drones near the capital. The reopening signals a partial return to normal, but security risks remain and further disruption is possible. The development may ease concerns about a wider Saudi airspace closure. On prediction markets cited in the article, the odds of a closure by 1 November 2026 stood at 3.5%, compared with 18.5% by 1 January 2027. Traders will be watching for updates from Saudi aviation authorities and any change in Houthi attacks or ceasefire prospects. The news is primarily a geopolitical risk signal, with no direct cryptocurrency market development reported.

Bitcoin has traded in a narrow $80,000–$86,000 range for nine consecutive days as market volatility contracts. CryptoQuant analyst Axel Adler Jr. said the 30-day high-to-low price range has narrowed from 13% to 6%. Bitcoin found support near its 365-day simple moving average (SMA) and rebounded, but closed at $80,500, its lowest level in nearly 30 days. Traders are watching $86,000 as key resistance and the 365-day moving average as support. Volatility compression can precede a sharp move, but the direction is uncertain.

CoinDCX says it will cover a loss of 15.99 million USDT after abnormal activity affected legacy wallet infrastructure. The exchange discovered the activity on 21 October and said the system involved had been retired following a July 2025 security incident. A failure in its automated fund-sweeping service left some deposits sent to old addresses unmoved, resulting in the loss. CoinDCX says its current wallets and trading systems were not affected, user assets remain in segregated cold storage, and trading, deposits and withdrawals are operating normally. The company’s commitment to absorb the loss limits the immediate direct impact on customers, though the incident may renew scrutiny of exchange wallet controls and the handling of obsolete addresses.

Crypto liquidations reached an estimated $815 million to $821 million over 24 hours, with 118,155 traders affected, according to WhaleInsider. Long positions accounted for most of the forced closures. Bitcoin fell below $80,000, while Ether traded near $2,350, adding to signs of a broader market correction. The crypto liquidations highlight the risk of leveraged trading during sharp price declines. Separately, a prediction market put the odds of Hyperliquid reaching $100 by the end of 2026 at 33%, down from 40% a week earlier.

US Treasury yields fell sharply as investors reassessed the AI growth trade and sought safer assets. The 10-year Treasury yield dropped 17 basis points on Thursday, its biggest one-day fall since March 2023, and moved back below 5%. Goldman Sachs strategist Cosimo Codacci-Pisanelli said the reversal in AI-related stocks helped restore long-dated Treasuries as a hedge against equity-market risk. AI-related credit spreads have also widened to their broadest levels this year, reflecting increased concern about financing risks. The decline does not remove structural pressure on US Treasury yields. Goldman estimates AI capital expenditure could reach about $1.6 trillion in 2027, with rising debt financing potentially adding to bond supply. Energy prices and persistent inflation also leave the Federal Reserve’s next move uncertain. Goldman still considers a December rate hike its base case, but says markets may struggle to price in the full 25-basis-point increase. As of 23 October, markets implied about a 90% chance of a December hike and roughly 2.7 cumulative hikes by September 2027. For traders, US Treasury yields may remain sensitive to shifts in AI growth expectations, inflation and Fed policy: weaker growth could support bonds, while sticky inflation and supply pressures could push yields higher again.

US inflation expectations rose in the University of Michigan’s final October survey, adding an inflation concern ahead of the Federal Reserve’s October 27–28 meeting. Year-ahead expectations increased to 4.7% from 4.6% in September, while long-run expectations rose to 3.5% from 3.4%. Both measures climbed for a second consecutive month and reached their highest levels since May. Consumer sentiment was nearly unchanged at 48.0, compared with 48.1 in September. The current-conditions index fell to 46.7, while the expectations index edged up to 48.8. The survey cited affordability concerns and high interest rates as weighing on durable-goods purchases. The readings reflect household expectations, not actual consumer-price inflation or the Fed’s own forecasts. They do not determine the Fed’s rate decision. For Bitcoin and Ethereum, the market impact depends on how policymakers balance persistent inflation concerns against weaker household conditions. Higher rates can weigh on risk appetite, while inflation concerns may support interest in scarce assets. Traders are likely to focus on the Fed’s decision and guidance rather than treat the survey as a standalone Bitcoin signal.

ai16z founder Shaw said he has completed about 90% of the reverse engineering of Pump.fun’s contracts and expects to finish the work tonight. He added that he would open-source everything, saying otherwise it would be forced into the open. The announcement concerns Pump.fun contract transparency; it does not provide details about any vulnerabilities, planned changes or trading activity.

US creative industries have lost more than 200,000 jobs in four years, with about 50,000 cuts in the past year. Economist Joseph Politano says AI is a leading suspect, but its role is difficult to prove because job losses also reflect industry consolidation, production moving overseas and competition from social platforms. Since January 2023, employment in film and recording, and in newspaper, magazine and book publishing, has fallen by about 21%. Film and TV production has been hit especially hard: employment dropped from roughly 290,000 at its 2022 peak to about 180,000 in May 2026. By contrast, museums and performing arts have added jobs, suggesting live experiences may offer a buffer against AI and digital disruption. Politano warns that the decline of newspapers could foreshadow the risks for other media: fragmented content, weakened copyright and advertising revenue shifting to platforms. He says AI’s current employment impact is concentrated in a few sectors, while broader effects on the economy remain limited. The trend matters to traders as a potential signal of changing labor demand and technology-driven disruption, but the article identifies no direct effect on cryptocurrency markets.

Robinhood Chain recorded $3.68 billion in stock-token trading volume between September 24 and October 23, 2026. About 59% of decentralized-exchange activity took place outside regular US market hours, including $532 million on weekends—14% of the total. The figures highlight demand for 24/7 access to tokenized US stocks and ETFs, particularly among traders outside the US, where these tokens are unavailable to residents. Robinhood Chain stock tokens trade on venues including Uniswap and Rialto. However, minting and burning are limited to Monday through Saturday, so Sunday trading depends on existing token supply. With underlying US markets closed, token prices may diverge from share prices when traditional markets reopen. Cumulative trading volume reached $15 billion by October 12, with around 200,000 holders in more than 120 countries.

Vicor reported record third-quarter revenue of $197.1 million, up 78.5% year on year. Product revenue increased 47%, royalties rose 207%, and gross margin reached 68.3%. The article’s author reiterated a Strong Buy rating, arguing that Vicor is constrained by production capacity rather than weak demand. Its first factory is nearing full capacity, while two new sites are intended to lift capacity to about five times current levels from the second quarter of 2027. Management expects to fund the expansion with cash. The stock has fallen 38% since the author’s previous article amid a wider sell-off in AI hardware shares. The author’s fiscal 2027 scenarios range from a 36% decline to a 103% gain, with a base case of 44%. These are the author’s estimates, not company guidance. Vicor is a semiconductor stock, not a cryptocurrency project.

Blockchain security firm Salus says Tether has blacklisted nine addresses linked to the CoinDCX incident, freezing 2,212,850.30 USDT, worth about $2.21 million. The freeze took effect on 22 October at 22:45:39 UTC. Salus said its investigators had traced an unusual transfer of about 15.99 million USDT, including funds split and sent to exchange deposit addresses. The firm also cited questions about transfers involving proof-of-reserves addresses and TRX distribution patterns. Salus said the on-chain evidence supported Tether’s decision and that it would continue helping with the investigation and recovery of funds.

Five G10 central banks are due to meet this week, with the Reserve Bank of New Zealand (RBNZ) and Bank of Canada (BoC) seen as the most likely to raise interest rates. The decisions could influence currency markets and expectations for global monetary policy. Last week, the US dollar generally weakened against G10 currencies, while the euro lost about 0.35% amid rising bond-market tensions. Changes in the euro have shown a rolling 30-day correlation of around -0.45 with changes in US-German two-year and 10-year yield differentials. China’s CSI 300 index is down nearly 10% this year. Reports in mid-October said Beijing was encouraging insurers and state funds to support equities. In Australia, interest-rate swap markets raised the implied odds of a rate hike from roughly 35% on October 16 to 80% before the weekend. Australia and Norway have the highest policy rates in the G10 and their currencies are the group’s strongest performers this year.

Four.Meme’s OpenFour has launched Binance Agent ID Exclusive, a token-launch mode for AI agents in the BNB Chain ecosystem, with Binance Wallet support. The Four.Meme mode uses BNB for fundraising and allows creators to set an optional trading tax. During the bonding-curve phase, only Binance Agentic Wallets holding an Agent ID can trade, and each wallet is limited to 1% of the token supply. Tokens cannot be transferred during this phase. Trading opens to all users after a token graduates. Binance Wallet users can participate without enabling Developer Mode. Any wallet can create a token through the mode. Developers may buy up to 1.5% of the fundraising amount before launch and sell during the bonding-curve phase, but cannot buy more after launch. Tokens issued through the program will carry a “.ai” label on Four.Meme.

Bitcoin rebounded above $80,000 after falling to a five-week low near $79,000, defying Peter Schiff’s prediction that BTC would drop to $75,000 over the weekend. The cryptocurrency briefly touched $81,000 before easing, and was still about $5,500 above Schiff’s target on Sunday morning. Schiff had described Bitcoin as “breaking down” and warned that ETF investors would be unable to sell during the weekend. Bitcoin’s quick recovery shows that the forecast did not immediately play out, though prices remained volatile. Analyst Willy Woo called Schiff a useful contrarian signal. The article also notes Schiff’s earlier bearish predictions, including claims that Bitcoin would not reach $50,000 and that spot ETF demand would disappoint. It contrasts those calls with more than $55 billion in reported inflows to Bitcoin ETFs. The rebound does not settle Bitcoin’s direction, but traders may watch whether BTC holds above $80,000 and how ETF flows and broader market sentiment develop.

Papertrade generated $8.5 million in revenue over the past seven days, ranking fifth among protocols by revenue. It trailed Tether, Circle, Pump.fun and Hyperliquid. The report provides no further details on the source of Papertrade’s revenue or how the ranking was calculated.

This crypto market brief highlights mixed signals for traders. Bitcoin (BTC) analysts identify $80,000–$81,000 as a potential long-term accumulation zone, with a possible target of $94,000. Bitcoin critic Peter Schiff, meanwhile, says the next support could be $75,000, underscoring uncertainty around BTC’s near-term direction. A wallet linked to the Worldcoin project deposited 10.5 million WLD, worth about $4.857 million, to exchanges over 11 hours. Such transfers can raise expectations of potential selling, although deposits alone do not confirm that tokens will be sold. Trader Frank also clarified that major perpetual-futures wallets are not yet profitable overall. Other developments include Elon Musk’s plan for a feature allowing users to send $1 through X Money by holding the like button, and a FOMO co-founder’s view that the market already has too many tokens and the team does not plan to launch another token platform. Robinhood Chain analysis found that nearly 60% of its stock-token trading takes place outside regular US market hours, highlighting the potential appeal of round-the-clock, on-chain trading. Separately, South Korean retail investors have net bought $3.548 billion of SOXL since October, nearly 74% of their net US stock purchases over the period.

An account with more than $30,000 in cumulative losses bought $360,000 worth of Polymarket shares predicting that the Federal Reserve will hold interest rates in October. The position was opened at an average price of 85.5 cents per share, for a total of 377,658.3 shares. The Fed October rate-hold position reflects one trader’s prediction-market view, not a confirmed policy decision. The trade alone does not establish a broader market consensus.

Bitcoin creator Satoshi Nakamoto may hold about 1.1 million BTC mined in Bitcoin’s earliest days, according to long-standing estimates. At prices near $80,000, the stash would be worth roughly $88 billion, although the exact amount and ownership cannot be confirmed. No confirmed outgoing transaction from wallets attributed to Satoshi has shown that the coins were spent or sold. Their apparent dormancy makes the Bitcoin holdings significant to traders: a confirmed movement could prompt questions about circulating supply and whether the creator has returned. So far, movements in other old wallets have not been linked conclusively to Satoshi.

Lookonchain reported that trader 0xe813 opened a long position of 26,974 ETH after the market fell. The ETH position is valued at about $63.88 million and is showing an unrealised profit of $842,000. Lookonchain describes the trader as having a 100% win rate and says they previously made $3.3 million trading NEAR. The large ETH long position may draw attention from traders, but it represents one trader’s activity and does not by itself confirm a broader market reversal.

Coinbase co-founder Brian Armstrong gained 52.2% of the exchange’s voting power in May 2021 without buying additional shares. Coinbase’s dual-class share structure gave Class B shares 20 votes each, compared with one vote for public Class A shares. When some Class B shareholders sold or transferred shares, those shares converted into Class A, reducing their voting weight and increasing Armstrong’s relative influence. Coinbase’s April 2026 proxy statement reported that Armstrong held 49.6% of total voting power as of March 31, 2026. A further 18.9% was held by entities and trusts he established but that are administered by an independent trustee. Coinbase said Armstrong and the trustee could collectively exercise majority voting rights. The arrangement gives the founder substantial influence over board elections and other corporate decisions, while limiting ordinary shareholders’ say. The governance structure is relevant to Coinbase investors, but the article reports no direct impact on crypto prices.

Robinhood Chain recorded $3.68 billion in decentralised exchange trading volume for tokenised stocks between 24 September and 23 October, according to crypto researcher Tom Wan. Some 59% of that activity took place outside regular US stock-market hours. Regular-session trading accounted for $1.5 billion, or 41% of the total. The remaining activity included $677 million in pre-market trading, $608 million overnight, $532 million at weekends and $363 million after hours. The figures highlight Robinhood Chain’s role in offering access to tokenised stocks beyond conventional market schedules. Nasdaq and NYSE Arca plan to introduce trading five days a week for 23 hours a day from 6 December. That change could address some demand for overnight access, but would not provide weekend trading. Wan said weekend availability remains a distinctive advantage for on-chain markets.

Bitcoin critic and gold advocate Peter Schiff says Bitcoin has weakened after falling below $80,000, and identifies $75,000 as a possible next support level. Schiff warned that if Bitcoin fails to hold that level, holders could face a difficult weekend. He singled out spot Bitcoin ETF investors, who cannot trade until markets reopen on Monday. His comments are a market opinion, not confirmation that Bitcoin will reach $75,000.

Trader Frank has clarified that his main perpetuals wallet is still not profitable overall, despite community praise calling him “the best trader.” The DeGods founder said most of the money he has earned came from on-chain trading across previous market cycles, not from his main perpetuals wallet. Frank’s cumulative PnL ranking on the Fomo platform briefly moved ahead of Bonk Guy’s to take first place, but Bonk Guy has since overtaken him. The remarks offer context on Frank’s trading performance but do not point to a change in market direction.