Hedda_

NeoSoul’s marketing has something going for it—they scooped up the StandX refugees last night

$DNA came out with Binance Alpha and OKX on board, and even gave us a chance to buy in low. Unfortunately, just as it launched, my high-speed train went into a tunnel, so I missed the low

Looks like the selling pressure from the launch airdrop has been absorbed. The team’s tokens aren’t unlocked at TGE, the initial circulating supply is 13%, and they’ve also raised $11M

It’s been a long time since we’ve seen a decent Alpha coin. The @NeoSoulAI team has plenty of experience. Thanks to DNA for reimbursing my train ticket—and the airdrop was a nice bonus

If Tesla can fly, DNA can fly too

Mert Mumtaz Joins the NEAR Foundation—Could This Reshape the Cross-Chain Ecosystem?

Mert Mumtaz, a key figure in the Solana ecosystem and CEO of Helius, has officially joined the NEAR Foundation's board. The tech veteran, who has publicly praised the design of NEAR Intents, will be responsible for product planning and ecosystem development.

Mert's arrival is more than just a career move; it could also help NEAR make new breakthroughs in cross-chain liquidity and infrastructure development. After all, experienced leaders can bring fresh perspectives and strategies.

The NEAR Foundation's board was already a star-studded lineup, and Mert's arrival is sure to make it even stronger. But here's the question: what kind of chemistry will this create for $NEAR and $SOL ?

#加密货币 #Regulatory Updates

Can Solana really turn an entire building purple?

You bet. Last night, the Citibank Tower in Lujiazui was transformed into a purple Solana light show. The spectacular display not only drew crowds of people eager to take photos, but also kicked off the upcoming Accelerate China events in Shanghai, Hangzhou, Shenzhen, and Beijing.

From October 16 to 22, more than 3,000 builders and over 100 fintech companies will gather in these cities. The events will cover hot topics including AI, large language models, on-chain infrastructure, stablecoins, and cross-border payments. Notably, Alibaba's Qwen team and researchers from Fudan University will also be there to share their insights.

Solana's bold move is about more than just promotion—it's also a show of its ambitions in the Chinese market. Could a light show like this signal Solana's strategy for expanding across Asia?

#加密货币 #Macroeconomics

StandX has shut down too. I watched them grow from yield-bearing stablecoins to Perps, and just went on to collect the final interest payment before swapping my DUSD back to USDT. I got almost all of it back with virtually no slippage. DUSD depegged and then repegged pretty quickly, which is nice... That damn Drift letting my money go to zero was way more infuriating.

There are more and more Perp DEXs launching. If you have a conscience, it must be tough to make it work—you need enough market-maker liquidity, and you can't skimp on subsidies, points, airdrops, or interest. The market is K-shaped now: the bigger the wealth effect at the top, the harder it is for mid-tier projects to survive, even if they have revenue. DUSD actually paid out quite a bit of interest before, which was pretty sweet—and it was real money.

I think StandX chose the most dignified way to go. They could've issued a token and made a quick buck. I've experienced how hard it is to get a startup off the ground. StandX hasn't taken VC money yet, so every penny they burned was their own.

A lot of projects, big and small, have shut down recently—from Abstract and Blast to StandX. As crypto becomes more regulated, the options will shrink too, and the big money has all followed the institutions.

I hope the upcoming DUSD airdrop can help the airdrop farmers recoup some of their losses. By comparison, Abstract just shut down without a word and gave us nothing, so this is actually not too bad. Starting a business isn't easy, especially in crypto. Take care, boss @StandX_AG

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Attention!!! Hyperliquid is giving away money on mobile! Lots of people have been hoping Hyperliquid would get an app, and now your wish has come true.

If you trade perpetuals, you have to take advantage of this!

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The first-place prize is up to 4,000 USDC, and the minimum is just $100 in eligible trading volume. Easy! The competition only runs until the 18th, so get trading!

Open the TopNod App and go to Perpetuals. Tap “TopNod Trading Competition Season 2,” then tap “Register Now.” Be sure to enter the invite code: PTM2_1JBRX1NB1

TopNod is a non-custodial, multi-chain wallet. You can sign up with one tap using your Apple ID. Besides perpetuals, you can also buy tokenized gold, silver, U.S. stocks, ETFs, and Treasury bonds. Turn your trading profits into gold bars—all in one app.

Core CPI is only 2.6%, but rate hike expectations are soaring! Markets are on edge over the Fed’s possible moves.

U.S. CPI rose 3.7% year over year in September, above expectations. The surprising driver was a sharp increase in energy prices: gasoline surged 9.1% in a single month. This detail directly affected market expectations for Fed policy.

Data from CME FedWatch show that the probability of a 25-basis-point rate hike jumped from 22.1% a day earlier to 33.2%, with markets reacting quickly. Volatile energy prices have become the biggest source of uncertainty for markets, and investors need to keep a close eye on them.

How will $BTC and other crypto assets respond to the volatility triggered by this CPI data? Could the market be in for another bout of turbulence?

#宏观经济 #Fed

A Saudi engineer suspected of espionage behind the OpenAI eavesdropping case has shocked America!

The U.S. Department of Justice arrested Abdulrahman Alfozan, a 35-year-old Saudi engineer, who is accused of installing recording devices in a conference room used by OpenAI executives. Surveillance footage showed him approaching the device twice and even leaving behind a backpack containing a second device. OpenAI ultimately used its own models to identify him and handed the information over to the FBI.

Surprisingly, the market at one point put the likelihood of the Saudi government being involved in the case as high as 27%. Although there is no evidence that OpenAI's core data was leaked, the incident has already raised national security concerns.

Could an incident like this lead to security reviews of more tech companies?

#监管动态 #Cryptocurrency

Are hardware wallets no longer safe? What’s going on?

Ledger recently asked suppliers in seven markets to delist all products after illegal hardware implants were found in devices, resulting in approximately $93 million in on-chain losses. The incident was not limited to Southeast Asia; problems were also found at points of sale in Singapore and Germany.

Tether has frozen approximately $10 million in $USDT, showing that parties are taking urgent action. However, the speed at which the problem is spreading is concerning, making channel isolation the most important risk-control measure for now.

How much has this incident affected trust in hardware wallets? Could it prompt more brands to conduct security reviews?

#加密货币 #Regulatory Updates

A few days ago, I went to Open Interest, hosted by Ondo in Singapore. As always, they brought in some big names, including @fundstrat.

They also invited Franklin Templeton, SBI, Siam Commercial Bank, and others to discuss how institutional money is moving on-chain.

That day, they held a special Chinese-language AMA. On stage were Ondo’s Head of Business Development, Head of DeFi Matt @fullportmatt, and Asia-Pacific Director Renia @rrah622. They looked like foreigners speaking Chinese haltingly as they answered our questions—a clear sign of how much they value our community.

1️⃣ The question everyone cares about most, of course, is when Hong Kong stocks will come on-chain.

They said they’re interested in both the Hong Kong and China markets, but they can’t simply bring them over the way they did with U.S. stocks. Technically, U.S. stocks can trade 24/7 because of after-hours venues like Blue Ocean ATS, but Hong Kong stocks don’t have that, so liquidity needs to be redesigned. They’ll also need to talk with brokers and regulators.

Ondo is starting with Japanese stocks through SBI in July, and has also signed an MOU with Kakao Pay Securities to work on Korean stocks. These are their first steps in Asia; other initiatives are all moving forward.

2️⃣ Every CEX is pushing stock tokens. What does Ondo think?

Ondo said everyone is talking about similar products, but similar and identical are very different.
Ondo’s prices will always track the underlying off-chain assets—a feat exchanges can’t achieve. The U.S. stock market is worth tens of trillions, and on-chain markets are only just getting started.

3️⃣ Intelligent Portfolios, launched in partnership with BlackRock last month

In short, BlackRock designed several portfolio strategies for Ondo, such as high-yield, steady-growth, and high-growth. Ondo then turned each one into a tokenized strategy.

4️⃣ Finally, we talked about Ondo’s Private Markets.

The first asset is OpenAI $OPAIPon. They emphasized that it’s a tokenized note that tracks the value per share that OpenAI common stock could receive in an IPO or acquisition. It’s also different from pre-IPO products on exchanges.

Thanks to @zolo_gg for the invitation. It was a very rewarding afternoon. Ondo clearly wants to make it possible to do more than just buy a wider range of assets on-chain—they also want people to be able to allocate, trade, and use those assets as collateral, building out the entire capital market.

Out of curiosity, I looked up the watch he was talking about.

A watch that looks like plastic, worth 500k USD. If you held this up in front of me, I wouldn’t even recognize it. 🫪

Does Robinhood Chain have unlimited potential, or is it just a flash in the pan?

Although Robinhood CEO Vlad Tenev has said the chain remains a company priority and that they are working hard to attract top developers, the data paints a different picture. Daily trading volume on the chain’s DEX has plunged from a peak of $3.67 billion to around $1 billion, while daily revenue on the token launch platform Pons has fallen from $2.05 million to just around $100,000. These figures have dealt Robinhood Chain a serious blow.

The price performance of the $PONS token has been even worse, dropping from a high of $0.97 to $0.29—a decline of nearly 70%. This suggests investors are losing confidence in Robinhood Chain. However, the CEO’s defiant stance may be laying the groundwork for the future: once developer resources are in place, can the ecosystem bounce back quickly?

So, can Robinhood Chain defy the odds and turn things around in the fiercely competitive crypto market?

#加密货币 #Regulatory Updates

How did Blur go from the top to the bottom?

Once a major force in the NFT world, Blur is now set to shut down its front-end trading platform. In March 2023, it accounted for over 70% of Ethereum NFT trading volume, with monthly sales reaching $1.43 billion. Yet just three years later, that figure had fallen to less than $7 million—a drop of more than 99.5%. The BLUR token price also came under pressure, plunging by around 32% at one point.

Blur’s rapid decline reveals the harsh reality of the NFT market: zero fees and token incentives can attract users quickly, but without a sustainable business model, that strategy is ultimately difficult to maintain. Notably, Blur has generated almost no trading-fee revenue over the past three years, which is undoubtedly one of the key reasons for its exit.

How will Blur’s departure reshape the NFT market? Will other platforms benefit?

#加密货币 #Regulatory Updates

A shocking moment for the market: $BTC plunged in just 5 minutes, liquidating $120 million in long positions. This morning brought a major jolt to the crypto market.

In just one hour, liquidations across the market reached $123 million. Long positions accounted for the vast majority, while shorts were barely affected. This sharp, one-sided bout of deleveraging may be linked to circuit breakers in the South Korean stock market: one in five South Koreans holds crypto assets, and after the stock market crash, the quickest way to cover losses in their stock accounts may be to sell the crypto they hold.

Notably, despite this volatility, open interest in $BTC perpetual contracts remains as high as $51.9 billion, and funding rates are still positive. This suggests that bullish sentiment hasn’t completely faded.

The question is: in these market conditions, where will $BTC go next? Can the bulls regain control?

#比特币 #Macroeconomics

South Korea has $1.1 billion worth of unclaimed stocks. Could you be the next person to discover a hidden treasure?

As of the end of August, the Korea Securities Depository was holding unclaimed stocks worth approximately $1.1 billion, belonging to more than 26,000 shareholders. These shares mainly came from capital increases and stock dividends, but issues with nominee holders listed on shareholder registers have prevented the actual owners from claiming them.

Some of the owners of these unclaimed shares never received notices because they had moved. The Korea Securities Depository plans to work with telecommunications providers to notify shareholders by text message. However, it expects to reach fewer than half of them in 2025. This shows that in the high-tech age, traditional methods of getting in touch are no longer enough to solve the problem.

Will South Korea adopt more effective technological solutions to address the issue of unclaimed stocks in the future?

#加密货币 #Macroeconomics

The stock market is sluggish, yet bank stocks are soaring against the trend?

Recently, A-share bank stocks have stunned investors: ICBC, China Construction Bank, and Bank of China have all hit record highs. What’s driving the rally? High dividend yields and expectations of generous payouts are undoubtedly behind it! 21 listed banks have disclosed their 2026 interim dividend plans, with total payouts exceeding 260 billion yuan, sending investors into a frenzy.

This stands in stark contrast to past market trends. In the past, when markets were sluggish, bank stocks were usually lackluster too. This time, however, they’ve bucked the trend and turned things around. One possible reason is that investors are seeking stable returns, especially as other sectors struggle.

How long will this bank-stock boom last? Could there be more surprises ahead?

#宏观经济 #Cryptocurrency

Ledger in trouble again: $93.2 million stolen—who’s pulling the strings?

The latest reports indicate that the Ledger theft is linked to authorized reseller CryptoBilis. Investigators found that at least one device had been implanted with malicious hardware. The device can collect recovery phrases and transmit them over an eSIM network, bypassing even genuine-product verification.

So far, the attackers have stolen funds from 315 wallets, totaling $93.2 million. They conducted multiple small test transactions from late September to early October, followed by a large-scale theft on October 9. Tether froze $10 million in USDT, while the attackers have already converted some of the funds to USDD and moved nearly 3,000 $ETH through Tornado Cash and Zcash.

The incident has exposed vulnerabilities in Ledger’s device security. Although Ledger says the number of affected devices is limited, it has yet to respond to questions about compensating users for their losses.

Will this incident affect trust in Ledger? How do you think the company should respond?

#加密货币 #Regulatory Updates

Is the Ethereum Foundation selling crypto again? This time, it transferred out ETH worth $11.13 million!

On-chain data shows that a wallet linked to the Foundation transferred 4,393 ETH to Kraken. These ETH can be traced back to 2016, when they were worth just $0.90 each. After a major rally, the average transfer price has now reached $658. This wallet alone has transferred 49,751 ETH to Kraken—83.3% of the amount it initially received!

According to the Foundation’s treasury management strategy, annual operating expenses are targeted at 15% of its treasury. This transfer may be intended to meet that financial target. However, could frequent ETH sales affect the market?

What kind of fluctuations do you think the Ethereum Foundation’s treasury management approach could cause in the market price of $ETH ?

#以太坊 #Macroeconomics

U.S. Treasury yields surge to a 24-year high, yet the S&P 500 remains rock-steady?

Global stock markets delivered mixed performances last week: the S&P 500 rose 1.2%, while the Russell 2000 fell 0.9%. Surprisingly, the 10-year U.S. Treasury yield reached 5.36%, its highest level since 2002, yet the S&P 500 held near its highs.

Energy prices have become a key driver of the inflation rebound. WTI and Brent crude prices remain elevated, up more than 50% year over year. With U.S. CPI due out this week, the market expects headline inflation to come in at 3.7%. Changes in energy prices affect not only inflation but also pose new challenges for monetary policy.

With Treasury yields staying high, can the stock market continue its steady climb?

#宏观经济 #Cryptocurrency