[AI sentiment, not BTC, drives bitcoin miner stocks, Binance Research says]

Bitcoin mining stocks have become more sensitive to AI-sector investor sentiment and financing conditions than to BTC prices as miners pivot to AI data center businesses, according to a Binance Research analysis.

The research said BTC fell 28% from January through June 18 this year, while the bitcoin miner ETF WGMI rose 88%. After that, BTC rebounded 30%, but WGMI instead plunged 57%. Over the past 60 days, the correlation between BTC and recent AI-transitioning miners including IREN, Core Scientific, TeraWulf and Cipher was only 0.29 to 0.33, while their correlation with semiconductor stocks reached 0.59 to 0.77. Shares of those companies have fallen 54% to 69% since June. By contrast, Mara, Riot and CleanSpark, which hold large amounts of BTC, showed relatively higher correlations with BTC at 0.41 to 0.57, and their share-price declines were smaller. Binance Research said AI-transitioning miners are now becoming investment vehicles that reflect financing conditions in the AI industry more than BTC prices, and warned that if financial conditions worsen, more BTC sales to repay debt could add selling pressure in a bear market.
https://coinness.com/en/news/1172212

[XRP tests $1.22-$1.34 support; reclaiming $1.70 seen as key]

XRP is testing a key support zone at $1.22-$1.34, and a recovery into the $1.50-$1.70 range could open the way for a rise to $2.09 and $2.32, according to a Crypto Briefing analysis.

Crypto Briefing said XRP briefly fell to $1.2840 last week, entering the support area, before rebounding as buying interest emerged. The outlet identified $1.2193 as the key support level. XRP formed a low at around $1 in August and later climbed to around $1.70, but it has recently come under renewed pressure.

It added that if XRP stays below $1.2193 on a weekly basis, the pattern of trying to form a higher low than the previous bottom could weaken, raising the possibility of a retest of the August low. If the support level holds, however, the main focus will be whether XRP can recover the $1.50-$1.70 range. Crypto Briefing described that zone as a resistance area with heavy overhead supply, requiring gains of about 12% and 27%, respectively, from current levels. A breakout above that resistance and a flip into support would strengthen the case for the rebound trend that began in August to resume.
https://coinness.com/en/news/1172213

[U.S. XRP spot ETFs end 13-week inflow streak]

U.S. spot XRP ETFs saw $1.84 million in net outflows last week, ending a 13-week run of net inflows that had continued since July 17, CryptoSlate reported, citing SoSoValue.

The category had posted $11.31 million in net inflows a week earlier before reversing into outflows last week. Over the same period, U.S. spot BTC ETFs recorded $228.58 million in net outflows, spot ETH ETFs saw $319.97 million in net outflows, and spot SOL ETFs posted $25.52 million in net outflows. Combined weekly net outflows across the four categories totaled $575.91 million, bringing cumulative net outflows over the past two weeks to about $1.81 billion.
https://coinness.com/en/news/1172214

[PAPER mining rewards plunge, raising concerns over future sell pressure]

Mining economics for PAPER, the token of trading-loss compensation-based derivatives protocol Papertrade, have deteriorated sharply, according to crypto analyst Ignas. PAPER rewards paid per $1 in trading losses have fallen from an initial 100 tokens to about 11 tokens.

At current staking yield levels, recovering a $1,000 loss through rewards would take about 200 to 385 days, a figure that does not reflect dilution from additional token issuance. Ignas added that once PAPER transfers are enabled, some users may prefer to sell tokens directly to recoup losses, potentially creating sell pressure.
https://coinness.com/en/news/1172215

[Former FTX COO says Netflix series badly distorts SBF’s real image]

Former FTX Chief Operating Officer Constance Wang said Netflix’s FTX drama series distorts the real-life portrayal of Sam Bankman-Fried and Caroline Ellison, and urged viewers not to take the show as fact. Wang added that anyone expecting a true documentary would be disappointed and should instead watch it as a standard drama.
https://coinness.com/en/news/1172216

[BTC volatility below one-year average, sharp moves seen outside $80K-$88K range]

Bitcoin options implied volatility has fallen below its one-year average, and price swings could widen as upcoming options expiry and shifts in macro conditions reshape the market, QCP Capital said.

The firm said BTC options implied volatility remains below its one-year average across all maturities even as stock-market volatility has increased, suggesting options dealers’ long gamma positions are helping keep Bitcoin within a relatively stable range. QCP Capital added that this stabilizing effect could weaken once existing positions expire. If deleveraging in the stock market persists, selling pressure could spread to crypto and threaten Bitcoin’s $80,000 support, it said. On the other hand, rising U.S. Treasury prices, falling real yields and a weaker dollar could support risk assets including BTC. QCP Capital said low volatility and options expiry do not by themselves determine price direction, but if BTC consistently breaks above or below the $80,000-$88,000 range, both spot prices and options implied volatility could shift sharply at the same time.
https://coinness.com/en/news/1172217

[Shenzhen police warn of new real estate tokenization scams tied to RWA pitches]

China’s Shenzhen Public Security Bureau has warned of a new type of financial scam packaged as RWA real estate tokenization and blockchain-based evidence storage. The bureau’s economic crime investigation unit said on-chain smart contract addresses and corporate registration numbers prove only that code exists and a legal entity has been established, not that the underlying assets actually exist or that the operator holds financial business qualifications. It also said fraudsters have been infiltrating blockchain developer communities, flaunting technical expertise to lower investors’ guard.
https://coinness.com/en/news/1172218

[Solana’s Alpenglow upgrade may cut TPS metric while improving network efficiency]

Finbold reported Solana’s Alpenglow upgrade could reduce the network’s transactions-per-second metric by around 60%, while actual operating efficiency may improve.

The core of the Alpenglow upgrade is moving validator voting from on-chain to off-chain. As a result, validation vote transactions previously included in TPS are expected to be excluded from the count, lowering the displayed throughput. After the upgrade, on-chain transaction records are expected to reflect actual DApp user activity more closely, while reducing network resources previously used for validator voting and improving processing efficiency.
https://coinness.com/en/news/1172219

[Elysium, first L2 in Hyperliquid ecosystem, to launch mainnet on Nov. 9]

Elysium, the first layer-two network in the Hyperliquid (HYPE) ecosystem, officially announced plans to launch its mainnet on Nov. 9. Designed specifically for Hyperliquid, Elysium is a general-purpose high-performance L2 network that settles transactions on HyperEVM, uses an infrastructure structure linked to HyperCore, and uses HYPE as its native gas token.
https://coinness.com/en/news/1172220

[ENS DAO starts vote to activate ENSv2 on Ethereum mainnet]

Ethereum Name Service’s ENS DAO has begun an on-chain governance vote to activate ENSv2 on the Ethereum mainnet. The proposal consists of 15 actions to be executed in a batch through DAO-managed smart contracts, and if any one of them fails, none of the changes will be applied. If the proposal passes and is executed, renewed legacy domains that have not migrated to ENSv2 will also be subject to the new fee structure.
https://coinness.com/en/news/1172221

[Strategy buys 267 BTC]

Strategy said it bought 267 BTC.
https://coinness.com/en/news/1172222

[Strive buys 1,223 more BTC, bringing total holdings to 36,818 BTC]

Strive announced it bought an additional 1,223 BTC at an average price of $81,734 between Oct. 14 and Oct. 16 last week, bringing its total Bitcoin holdings to 36,818 BTC. The company also said settlement for its SATS preferred stock IPO, aimed at fundraising, is scheduled to be completed on Oct. 20, and it will maintain its existing Dividend Reserve policy covering 18 months of dividend accruals to protect preferred shareholders.
https://coinness.com/en/news/1172223

[Super League shareholders approve Metaplanet’s 2,100 BTC contribution plan]

Nasdaq-listed Super League shareholders have approved Metaplanet’s planned 2,100 BTC contribution and the creation of Superplanet, a U.S. Bitcoin treasury platform, Solid Intel reported.

Metaplanet, described in the source as a Japan-listed Bitcoin strategy accumulation company, had previously said it invested 2,100 BTC in Super League to launch Superplanet. Once the third-party allotment capital increase is completed, Super League will change its name to Superplanet, Inc., and Metaplanet will hold about 95.7% of Superplanet’s outstanding shares, making it a consolidated subsidiary.
https://coinness.com/en/news/1172224

[WLFI stablecoin USD1 market cap drops $400M in two weeks on large redemptions]

World Liberty Financial’s stablecoin USD1 saw its market capitalization shrink by more than $400 million over the past two weeks to $4.02 billion as of Oct. 19, down 9.1%, as large-scale redemptions hit the token.

On-chain data showed that between Oct. 6 and Oct. 15, redemptions and token burns totaled $184.6 million on Ethereum and $200.43 million on BNB Chain. Most of the redeemed supply on BNB Chain was traced to a single unidentified whale address. Over the same period, supply on the Solana network remained unchanged at $1.42 billion.
https://coinness.com/en/news/1172225

[DeFi Development bought 3,983 SOL over the past week]

Solana treasury company DeFi Development announced it bought 3,983 SOL over the past week, bringing its total holdings to about 2,590,266 SOL.
https://coinness.com/en/news/1172226

[Cardano founder develops new blockchain programming language]

Cardano founder Charles Hoskinson said he is developing a new blockchain programming language that combines users’ transaction intent with cryptographic proof functions, Cointelegraph reported. Hoskinson said he is working on the project with Lucas Rosa, a co-developer of Aiken, Cardano’s main smart contract language. He said the language would be the first to combine transaction intent with cryptographic proofs that verify compliance with rules. The new language is set to support three core features: Transaction Intents, Proof-Carrying Data, and Groth16 proofs.
https://coinness.com/en/news/1172227

[Circle drops overage fees for USDC, EURC redemptions on Circle Mint]

Circle has eliminated overage fees for USDC and EURC redemptions on its institutional platform Circle Mint, effective with the settlement cycle starting Oct. 19.

Under the change, institutional clients can choose between Standard redemptions, which carry no fee and take two business days, and Express redemptions, which are processed in real time with a 0.05% fee. Circle also said Express users will receive redemption-fee credits of up to 100% for transactions of $100 million or more when net minting during the settlement period exceeds redemption volume.
https://coinness.com/en/news/1172228

[Multicoin Capital says it has no plans to invest in pure AI projects]

Multicoin Capital said it plans to stay focused on cryptocurrency rather than expand into AI projects, according to Bloomberg. Spencer Applebaum, a general partner at Multicoin and co-head of its venture capital unit, said some crypto investment firms including Paradigm, Framework Ventures and Haun Ventures are broadening their investment scope into areas such as AI, but Multicoin plans to maintain its existing specialization.

Applebaum also said HYPE remains the largest position in Multicoin’s hedge fund. The firm currently has $2.7 billion in assets under management.

Bloomberg reported that Multicoin’s $422 million venture capital fund, raised in 2022, has deployed capital slowly after the FTX collapse drove down startup valuations.
https://coinness.com/en/news/1172229

[Bitmine buys 12,535 more ETH over the past week]

Bitmine said it bought an additional 12,535 ETH over the past week, bringing its total holdings to 6,041,500 ETH, or about 4.9% of total ETH supply. The Ethereum treasury strategy company said it has roughly 60,000 ETH left to buy before reaching its 5% target.

Bitmine Chairman Tom Lee had previously said the company would stop making additional purchases after reaching its goal of holding 5% of total ETH supply. The company also holds 215 BTC.
https://coinness.com/en/news/1172230

[Kaiko says BTC leverage down 20% since October washout, spot liquidity off 27%]

Bitcoin market leverage has declined since the $19 billion crypto liquidation event in October last year, but spot liquidity has yet to recover, according to crypto market data firm Kaiko.

BTC open interest in perpetual futures was down about 16% in BTC terms from before the Oct. 10, 2025 liquidation event. The leverage-to-market-depth ratio fell to around 55x from an average of 73.5x before the event, remaining about 20% lower. Kaiko said lower leverage reduces the risk of short-term cascading liquidations, while thinner liquidity has also reduced the market’s capacity to absorb large orders, leaving prices still vulnerable to volatility.
https://coinness.com/en/news/1172231

[ETH options show rising demand for downside protection]

Demand for protection against price declines in the ETH options market is rising, pushing up put-option premiums and implied volatility, Crypto Briefing reported. Over the weekend, implied volatility for seven-day ETH put options was as much as 8 percentage points higher than for call options, while seven-day ETH implied volatility rose by around 10 percentage points. By contrast, BTC implied volatility edged up to 33% from under 30% since Friday.

Price action also diverged. ETH fell about 8% over the past 30 days, while BTC rose 1.5%. In that context, Block Scholes research analyst Tabib Rahman said both assets have seen wider short-term put-call skew since early October, signaling growing investor demand to hedge downside risk.
https://coinness.com/en/news/1172232