[24-hour crypto futures liquidations]

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours:
- BTC: $135.24 million liquidated (91.13% shorts)
- ETH: $44.68 million liquidated (72.7% shorts)
- SOL: $14.5 million liquidated (81.25% shorts)
https://coinness.com/en/news/1170587

[BTC spot CVD chart at 2:00 p.m. UTC on Oct. 2]

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows a volume heatmap, while the lower section represents cumulative volume delta, or CVD.

- The volume heatmap tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter areas may act as support or resistance.

- The CVD indicator in the lower section reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color rises. The yellow line is based on orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.
https://coinness.com/en/news/1170588

[DAXA vice chairman urges full review of crypto tax regime]

Kim Jae-jin, vice chairman of the Digital Asset eXchange Alliance (DAXA), called for a full review of the current crypto tax system ahead of the planned January implementation of virtual-asset taxation next year, speaking at the CODEVASP Digital Asset Compliance Forum 2026 in Seoul on Oct. 2, Edaily reported.

Kim said the current law makes it difficult for individual taxpayers to make their own judgments in situations such as crypto card payments, which are now widely used. In that environment, investors could end up becoming tax evaders without realizing it, Kim added. Despite three delays, the contents of the bill remain unchanged from when they were drafted in 2020, and a comprehensive review is needed, Kim said.
https://coinness.com/en/news/1170589
See more: https://www.edaily.co.kr/News/Read?newsId=03975366645608984&mediaCodeNo=257&utm_source=naver&utm_medium=referral&utm_campaign=news_syndication&utm_content=original_article

[More than 50,000 EU citizens urge EC to allow stablecoin rewards]

More than 50,000 EU citizens emailed the European Commission urging it to allow stablecoin rewards, including interest payments, yield distributions, cashback and fee discounts, Stand With Crypto EU said, according to Bitcoin News. Separately, more than 126,600 people signed a petition calling for amendments to the EU’s Markets in Crypto-Assets regulation, or MiCA, to allow revenue generated from stablecoin reserve assets to be distributed to users. By contrast, the European Central Bank and other EU central banks support keeping the ban on stablecoin rewards and extending restrictions to indirect incentives.
https://coinness.com/en/news/1170590

[Electrum fixes Lightning backup flaw, some BTC users need new backups]

Bitcoin wallet Electrum has fixed a Lightning Network backup flaw, but some users need to create new backups, CryptoSlate reported.

According to the outlet, some wallets may be unable to recover BTC because existing backups lack the key information needed if certain types of Lightning payment channels are closed by the counterparty. Electrum fixed the issue in the latest 4.8.2 release, and affected users need to export a new backup while their existing wallet data remains available.
https://coinness.com/en/news/1170591

[Italian bank Fideuram unable to recover $59.8M converted into crypto in impersonation scam]

Italian private banking firm Fideuram wired around €95 million ($102.6 million) after falling victim to an international impersonation scam involving people posing as executives at parent company Intesa Sanpaolo, local outlet Corriere Milano reported. Of that amount, €36 million ($38.9 million), or 54.7 billion won, was converted into cryptocurrency and has not yet been recovered.

After identifying the loss, Fideuram recovered €40 million ($43.2 million) from China, while investigators additionally froze €13 million ($14.0 million) in Portugal and are tracking the movement of the unrecovered crypto, according to the report.
https://coinness.com/en/news/1170592

[Whale stablecoin inflows to Binance jump over 40%, analyst says]

Whale inflows of stablecoins worth more than $1 million to Binance have risen more than 40% over the past month, according to a CryptoQuant analysis by contributor Darkfost.

Darkfost said the 30-day cumulative inflow increased to $30.5 billion from $21.7 billion. Rising stablecoin inflows to exchanges often indicate sidelined capital preparing to enter the market, signaling a potential increase in BTC buying pressure. At the same time, Darkfost said whales have been deploying liquidity relatively cautiously amid geopolitical tensions, inflation and rising bond yields.
https://coinness.com/en/news/1170593

[Robinhood says stock token volumes are nearing SEC exemption cap]

Robinhood’s stock token trading volume is approaching the limit allowed under the U.S. SEC’s innovation exemption, Johann Kerbrat, the company’s crypto chief, told The Block.

Kerbrat said the SEC exemption includes limits on trading volume and on the types of assets that can be tokenized. Based on Robinhood’s current stock token volume, the platform is likely to reach the allowed threshold soon, he said. Kerbrat added Robinhood plans to tokenize more U.S. stocks and ETFs as the SEC appears to understand the advantages of tokenization.

Robinhood’s stock tokens are not available to U.S. users. The SEC’s five-year innovation exemption also caps the number of tradable listings and trading volume, while requiring the tokens to carry the same rights as the underlying shares, according to the interview.
https://coinness.com/en/news/1170594

[Aave founder says 114 ETH theft involved third-party adapter, not Aave v3]

Aave founder Stani Kulechov said on X the Loop Safe module exploited in the theft of about 114 ETH was a third-party external adapter built on Aave, not an Aave v3 contract, and Aave v3 was unaffected.

Earlier, blockchain security firm SlowMist said a vulnerability in the Loop Safe module linked to Aave v3 was exploited, resulting in the theft of assets worth about 114.09 ETH. The attacker was found to have exploited a flaw that allowed fake Safe wallets to pass authorization checks.
https://coinness.com/en/news/1170595

[BTC perp long/short ratios on top exchanges by open interest]

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest:
Overall: 50.3% long, 49.7% short
- Binance: 50.85% long, 49.15% short
- OKX: 50.61% long, 49.39% short
- Bybit: 51.35% long, 48.65% short
https://coinness.com/en/news/1170596

[BTC futures buy pressure hits highest since Aug. 19, analyst warns of long liquidation below $83K]

Bitcoin could face a deeper decline if it falls below $83,000, as newly opened long positions entered above that level may be unwound, on-chain analyst Axel Adler Jr. said in a blog post.

He said buy pressure in the BTC futures market had climbed to its highest level since Aug. 19, while open interest increased by about 8,900 BTC over the past 24 hours. Over the same period, BTC rose from $83,400 to $85,300. Even if buy pressure slows, holding above $85,000 could signal the market is preserving those gains, Adler said.
https://coinness.com/en/news/1170597

[Upbit, Bithumb, Coinone lift SAND caution designation]

South Korean exchanges Upbit, Bithumb and Coinone announced they have lifted the trading caution designation on The Sandbox (SAND).

The exchanges said they decided to remove the designation after determining that the issues behind the caution label had been resolved.
https://coinness.com/en/news/1170598

[South Korea tax agency to build 100-blockchain tracking network ahead of crypto tax]

South Korea’s National Tax Service is accelerating the buildout of a transaction-tracking network ahead of virtual asset taxation next year, Seoul Economy reported in an exclusive.

According to the report, citing financial industry sources on Oct. 2, the National Tax Service plans to equip its integrated virtual asset analysis system, which is being built by the end of this year, with a function that can automatically trace transactions across more than 100 blockchains. The agency also plans to track mixing transactions designed to obscure fund flows by blending multiple users’ cryptocurrencies. In addition, it plans to add features that can reverse-analyze mixed transactions and automatically detect suspicious activity, including splitting crypto across multiple wallets or moving it repeatedly.
https://coinness.com/en/news/1170599
See more: https://www.sedaily.com/article/20097659?ref=naver

[Trader Killa says BTC trend reversal is clear, sees $82.5K as key floor]

Crypto trader Killa said on X that BTC is showing a clear trend reversal, while the market still appears skeptical of the rally despite those signals.

Killa said any price pullback should be bought quickly and aggressively. Killa added that during the 2023 bull market, breaks below major lows were capped at as much as 8%, with some limited to 4% to 5% before the uptrend resumed. Using $82,500 as the current key low, Killa said further downside may also remain limited, while adding that leverage should be kept low and risk should be managed.
https://coinness.com/en/news/1170600

[South Korea’s five biggest exchanges cut balance checks to under 5 minutes]

South Korea’s five largest won-based exchanges are now reconciling actual crypto holdings against internal ledger balances at intervals of under five minutes, Financial News reported on Oct. 2, citing data submitted by South Korea’s Financial Supervisory Service to the office of Democratic Party lawmaker Kang Jun-hyun.

At the time of Bithumb’s mistaken Bitcoin payout incident in February, three of the five exchanges were conducting reconciliations only once a day, but the system was strengthened after South Korean financial authorities ordered the establishment of an always-on balance reconciliation framework.
https://coinness.com/en/news/1170601
See more: https://www.fnnews.com/news/202610021616095897

[Bithumb to delist D and HOOK on Nov. 2]

South Korean exchange Bithumb announced it will end trading support for DAR Open Network (D) and Hooked Protocol (HOOK) at 6:00 a.m. UTC on Nov. 2.

The exchange said the foundations’ explanatory materials did not sufficiently resolve the reasons for the investment warning designation, and after a comprehensive review of the projects’ disclosures, utility and business performance, it decided they no longer met its standards for maintaining trading support.
https://coinness.com/en/news/1170602

[SMBC Nikko starts work on compliant DeFi infrastructure for Japanese investors]

SMBC Nikko Securities said it will develop regulatory-compliant DeFi infrastructure for Japanese investors with Nethermind, an Ethereum core developer. Uniswap Labs, Base and the Nyx Foundation will also take part.

The group plans to build a "DeFi Gateway" consisting of a liquidity provision protocol and proprietary liquidity pools. Its main tasks include developing AI-based agent vaults and interfaces, applying AML/CFT and investor protection features through Uniswap v4 hooks, and creating liquidity provision strategies for digital assets such as stablecoins and real-world assets, or RWA. The project is targeted for completion by mid-2027.
https://coinness.com/en/news/1170603

[Bitcoin futures buying pressure hits highest since Aug. 19]

Bitcoin futures buying pressure rose to 4.9, the highest level since Aug. 19, while open interest in futures contracts increased by about 9,000 BTC over the past 24 hours, on-chain analyst Axel Adler Jr. said.

Even if upside momentum slows, Adler said the uptrend could continue if Bitcoin holds above $85,000. He added that a drop below $83,000 could trigger liquidations in newly opened long positions and deepen losses.
https://coinness.com/en/news/1170604

[ECB outlines three onchain settlement models for tokenized assets]

The European Central Bank has outlined three ways to use central bank money on blockchain-based networks, The Block reported. The options are direct issuance by the central bank, a bridge linking existing systems, and a model using private intermediaries. The proposals are aimed at enabling tokenized securities, deposits and stablecoins traded on blockchain networks to be settled in central bank money.
https://coinness.com/en/news/1170605

[Hyperliquid set to receive $14.5M for additional HYPE buybacks]

Hyperliquid is expected to receive its first AQAv2 reserve yield distribution, according to Hyperliquid Hub. About 14.5 million USDC generated from USDC reserves could flow into the assistance fund and be used for additional HYPE buybacks.
https://coinness.com/en/news/1170606

[Optimism unveils major update to Rust-based fault proof system]

Optimism (OP) has unveiled a major update to its Rust-based fault proof system, focused on improving consistency so data derivation and proof execution produce the same results as other components of the OP Stack.
https://coinness.com/en/news/1170607