[CertiK says attacker exploited legacy MakerDAO auction flaw to steal 200 ETH]

A legacy auction management contract tied to MakerDAO, now SKY, was exposed in an attack that drained 200 ETH worth more than $500,000, CertiK said. The blockchain security firm identified the cause as missing access controls on the 0x8804d1de function in the contract’s implementation.

According to CertiK, the contract still held four unsettled 50 ETH transactions linked to the March 2020 “Black Thursday” liquidation event, when the assets were won with $0 bids. The attacker then moved the stolen funds to Tornado Cash in 10 ETH increments, CertiK said.
https://coinness.com/en/news/1171111

[Dormant Bitcoin whale moves $375.7M in BTC after 4 years]

An anonymous Bitcoin whale address beginning with bc1q4h transferred 4,500 BTC worth about $375.72 million to an external address around six hours ago after four years of dormancy, according to Lookonchain.
https://coinness.com/en/news/1171112

[First Digital seeks Nasdaq listing at $250M pre-money valuation]

Hong Kong-based dollar-pegged stablecoin FDUSD issuer First Digital Group has agreed to merge with Nasdaq-listed special purpose acquisition company CSLM Digital Asset Acquisition Corp III at a $250 million pre-money valuation, Tech in Asia reported.

The deal is expected to close in the first half of 2027, subject to regulatory approvals and other conditions, after which a new holding company is expected to list on Nasdaq.

FDUSD briefly experienced a 9% depegging event in April 2025 after Justin Sun, founder of Tron (TRX), claimed First Digital was insolvent. First Digital pushed back at the time, saying it held "more than 100%" in reserves.
https://coinness.com/en/news/1171113

[South Korea nears final talks on stablecoin law, FSC chief says]

South Korea’s Financial Services Commission Chairman Lee Eog-weon said the contents of the Framework Act on Digital Assets, the second phase of digital-asset legislation, have already been prepared and are in final-stage consultations, Edaily reported.

Lee made the remarks at a parliamentary audit by the National Policy Committee in Seoul on Oct. 8 after Democratic Party lawmaker Lee Kang-il said legislation on stablecoins under the digital-asset framework was urgent. Lee said authorities will move quickly to finalize consultations and set the broader direction for the industry and the market. Lee added that policy on stablecoin types and licensing would be managed flexibly while monitoring market conditions, with the goal of keeping pace with global trends while building a safe and robust framework.
https://coinness.com/en/news/1171115
See more: https://economist.co.kr/article/view/ecn202610080023

[Vitalik says multisig signers should rotate keys immediately after each action]

Ethereum founder Vitalik Buterin said on X that for multisig wallets, an ideal safety rule is for each signer to change keys after every action.

Buterin added that advances in AI-driven mathematical research could quickly threaten existing cryptographic systems. He said that under the assumption ECDSA could weaken, but not to the point where an attacker could instantly crack a signature, each signer should rotate keys after every action. He added that the time between a signature becoming public and the relevant key no longer being active should be minimized.

If possible, multisig signatures should be collected off-chain, Buterin said. He also warned that rushing an upgrade in a misconfigured state could make it easier to lose funds, and said no action should be rushed.
https://coinness.com/en/news/1171116

[Former CFTC commissioner calls staff crypto ownership ban absurd]

A ban on cryptocurrency holdings by regulatory agency staff is an absurd and ridiculous rule, former U.S. Commodity Futures Trading Commission Commissioner Brian Quintenz said at Token2049 in Singapore on Oct. 8, local time. Quintenz said regulators cannot properly understand technology they are not allowed to use.

He added the U.S. SEC and CFTC could provide the industry with significant regulatory clarity even without legislation from Congress. Quintenz is currently a director at Nasdaq-listed SUI Group Holdings after leaving the CFTC.
https://coinness.com/en/news/1171117

[Cointelegraph denies sale report, calls CoinDesk article fake news]

Cointelegraph denied it is up for sale after CoinDesk cited sources today in reporting that the rival outlet was being sold. In a statement posted on its official X account, Cointelegraph said it was not a sale target and argued the CoinDesk article was based on incorrect information and contained multiple factual errors. Cointelegraph said it welcomes verification and criticism, but would not stay silent when speculation is presented as fact. It also urged CoinDesk to correct the record, clearly acknowledge the errors, and give the correction the same prominence as the original report, while rejecting any quiet edits that make the initial story appear accurate.
https://coinness.com/en/news/1171118

[BTC buy wall at $79K-$83K may cushion sharper declines, analyst says]

Substantial buy orders have built up in the $79,000-$83,000 range on Binance’s spot BTC order book, and the thickness of that buy wall could help prevent a sharp further drop in Bitcoin’s price, on-chain analyst Murphy said.

Murphy said liquidity provided by market makers naturally tilts toward the buy side when prices fall, while traders also place orders at lower levels to wait for entries. When BTC fell to $83,000 on Binance’s spot market, the largest gap in order book depth favored bids by $80 million, Murphy said. Murphy added that the gap between buy-side and sell-side executed volume has been widening during the decline, indicating aggressive buying is increasing while aggressive selling is easing. That suggests traders have not yet turned pessimistic on the market and are instead showing stronger willingness to buy aggressively, according to Murphy.
https://coinness.com/en/news/1171119

[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: $78.05 million liquidated (87.5% longs)
- ETH: $91.95 million liquidated (88.18% longs)
- XRP: $9.98 million liquidated (96.4% longs)
https://coinness.com/en/news/1171120

[U.S. spot Bitcoin ETFs see $484.9M net outflow after one-day inflow]

U.S. spot Bitcoin ETFs posted a net outflow of $484.9 million on Oct. 7, reversing from a net inflow a day earlier, according to Farside Investors.
- BlackRock IBIT: -$207.7 million
- Fidelity FBTC: -$105.1 million
- Bitwise BITB: -$27.6 million
- ARK Invest ARKB: -$101.7 million
- VanEck HODL: -$3.5 million
- Grayscale GBTC: -$39.3 million
https://coinness.com/en/news/1171121

[U.S. spot ETH ETFs see $160.9M outflow, extending losing streak to 7 days]

U.S. spot Ethereum ETFs recorded net outflows of $160.9 million on Oct. 7, marking a seventh straight trading day of net withdrawals, according to Farside Investors.
- BlackRock ETHA: -$116.1 million
- Bitwise ETHW: -$5.9 million
- 21Shares TETH: -$6.3 million
- VanEck ETHV: -$2.8 million
- Invesco QETH: -$2.0 million
- Grayscale ETHE: -$25.8 million
- Grayscale ETH: -$2.0 million
https://coinness.com/en/news/1171122

[ZEC fallen 3.64% in the past 5 minutes]

ZEC has fallen by 3.64% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,247.01.
https://coinness.com/en/news/1171123

[Polymarket hires former Coinbase executive as head of exchange product]

Prediction market platform Polymarket has hired Edward Lee as head of product, exchange. Lee said on X he will oversee product development for Polymarket’s U.S. business and its global on-chain exchange. Lee previously worked in product management at Coinbase and in product and business development at Poloniex.
https://coinness.com/en/news/1171124

[$100 million worth of futures liquidated in the past hour]

Major exchanges have seen $100 million worth of futures liquidated in the past hour. In the past 24 hours, $406 million worth of futures have been liquidated.
https://coinness.com/en/news/1171125

[Crypto supply growth slows to 3.3%, a positive sign for prices: analyst]

Jamie Coutts, a crypto analyst at financial research firm Real Vision, said the ongoing slowdown in new cryptocurrency supply growth could support higher prices.

According to a chart Coutts shared on X, the ratio of new supply over the past 12 months to the circulating supply of existing cryptocurrencies fell to 3.3% at the end of September, the lowest level since records began this year, from 26.5% in December 2021. Coutts said the sharp slowdown in new supply growth has not yet been reflected in prices. He added that disinflation, or a slowdown in the pace of inflation, generally accompanies productivity gains and economic growth and tends to support asset prices. As an example, he pointed to the S&P 500, which moved sideways for two years after U.S. inflation peaked in 1980 before rising 13-fold, while noting the comparison is not exact but still worth watching.
https://coinness.com/en/news/1171126

[Anonymous whale opens $33.1M 40x leveraged BTC short]

An anonymous whale whose wallet begins with 0xc3e opened a 400 BTC short position with 40x leverage early today, according to on-chain analyst ai_9684xtpa. The position was valued at $33.13 million, with an entry price of $83,171 and a liquidation price of $86,042.
https://coinness.com/en/news/1171127

[Canton developer CEO urges firmer blockchain adoption before 2028 U.S. election]

Yuval Rooz, CEO of Digital Asset, the developer of Canton (CC), argued institutional blockchain adoption should expand to a point where it would be difficult to reverse even if the U.S. regulatory stance shifts after the 2028 presidential election, Cointelegraph reported. Speaking at Token2049 in Singapore, Rooz said widespread service adoption, as seen with Uber and Airbnb, makes government regulation harder.

Separately, Binance co-CEO Richard Teng said he still hopes the Clarity Act will pass after it was stalled in a Senate procedural vote in September, adding the bill could help prevent regulatory backtracking and encourage institutional entry into the market. Franklin Templeton CEO Jenny Johnson, however, said the market should not rely solely on the bill, noting the U.S. SEC and CFTC are already reducing regulatory uncertainty.
https://coinness.com/en/news/1171128

[South Korea lawmakers urged to review voting-right curbs for crypto exchange owners]

South Korea’s National Assembly Research Service said limits on the voting rights of major shareholders in cryptocurrency exchanges could affect constitutional property rights and corporate freedom, and should be assessed by weighing the public interest gained through regulation against the private interests being restricted.

The body made the comment in materials on voting-right restrictions for major shareholders of crypto exchanges sent to Democratic Party lawmaker Park Min-kyu, according to Newsis. It also pointed to major jurisdictions including the EU and Singapore, noting they rely on fitness reviews for major shareholders and ex post supervision rather than uniform equity caps.
https://coinness.com/en/news/1171129
See more: https://www.newsis.com/view/NISX20261008_0003818992

[BTC spot CVD chart at 2 p.m. UTC on Oct. 8]

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

- The upper volume heatmap tracks trading volume by price range. The background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance.

- The lower CVD indicator shows buy and sell orders by capital size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents 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/1171130

[Bitcoin may fall to $80K if it fails to reclaim $85K, ABM Crypto says]

Bitcoin fell below $84,000 in a short period, and increased high-leverage short positions, spot ETF outflows, long liquidations and transfers of BTC held by the U.S. government likely added to the downward pressure, according to ABM Crypto.

The outlet said four newly created addresses deposited a combined 1 million USDC into Hyperliquid and then opened a 40x leveraged short position worth 148.49 BTC, or $12.5 million. As BTC then plunged sharply, concerns were raised about possible prior knowledge, though no actual link was confirmed. Over the same period, addresses tied to the U.S. government moved 834 BTC, worth $71.56 million, and 40,285 BNB, worth $31.63 million. The BTC was deposited into Coinbase Prime, ABM Crypto said. The outlet added that if BTC fails to quickly recover the $85,000 support level, the correction could extend to below $80,000.
https://coinness.com/en/news/1171131

[IMF says tokenization could reshape finance, but growth hinges on regulatory framework]

Tokenization has the potential to lower transaction costs and improve efficiency in financial markets, but its actual growth will depend on regulatory clarity, sufficient liquidity and proper safeguards, the International Monetary Fund said.

In Chapter 3 of its October Global Financial Stability Report, the IMF said the future of tokenization depends less on the technology itself than on policies that support adequate market liquidity, trust and safeguards. Its analysis showed more than half of stock-token trades took place outside regular equity market hours, while around 80% were executed in sizes of less than one share, indicating demand for 24-hour trading and fractional investing. At the same time, the IMF said the tokenized market still lacks liquidity and is more volatile than traditional markets. It added that trading is fragmented across multiple platforms, creating price gaps, and warned that if the market grows further, fire sales and liquidity stress could spread across the broader financial system.
https://coinness.com/en/news/1171132