Highlight Clip: Jeff Yan on How Hyperliquid Can Legally Enter the U.S. Market
Jeff Yan on How Hyperliquid Can Legally Enter the U.S. Market
On October 15, 2026, Hyperliquid Labs co-founder and CEO Jeff Yan said on Bloomberg Podcasts that Americans using a VPN to access the service violate its terms of service. He argued that enabling compliant access for U.S. users requires bridging regulators' understanding of on-chain technology and determining whether it aligns with the CFTC's core principles. As an example, he highlighted how anyone can verify that total user balances equal the USDC held at a given address, a feature that could help regulators recognize the technology's benefits. — link
Jeff Yan on How Hyperliquid Can Legally Enter the U.S. Market
On October 15, 2026, Hyperliquid Labs co-founder and CEO Jeff Yan said on Bloomberg Podcasts that Americans using a VPN to access the service violate its terms of service. He argued that enabling compliant access for U.S. users requires bridging regulators' understanding of on-chain technology and determining whether it aligns with the CFTC's core principles. As an example, he highlighted how anyone can verify that total user balances equal the USDC held at a given address, a feature that could help regulators recognize the technology's benefits. — link
Largest Publicly Listed Bitcoin Miner MARA Appears to Be Selling BTC, Transfers 1,000 BTC to Binance and Gate in 5 Days
According to Lookonchain, MARA Holdings, the largest publicly listed Bitcoin mining company, appears to be selling BTC. Wallets linked to the company deposited 1,000 BTC, worth approximately $82.8 million, into Binance and Gate over the past 5 days. MARA has previously sold some of its Bitcoin reserves to support operations, manage debt, and fund its expansion into AI and high-performance computing. — link
According to Lookonchain, MARA Holdings, the largest publicly listed Bitcoin mining company, appears to be selling BTC. Wallets linked to the company deposited 1,000 BTC, worth approximately $82.8 million, into Binance and Gate over the past 5 days. MARA has previously sold some of its Bitcoin reserves to support operations, manage debt, and fund its expansion into AI and high-performance computing. — link
Spot Bitcoin ETFs Saw $229 Million in Net Outflows Last Week, While Spot Ethereum ETFs Recorded $320 Million
From October 12 to 16 (ET), spot Bitcoin ETFs recorded net outflows of $229 million, led by BlackRock’s IBIT with $165 million. Spot Ethereum ETFs recorded net outflows of $320 million, marking their third consecutive week of net outflows. — link
From October 12 to 16 (ET), spot Bitcoin ETFs recorded net outflows of $229 million, led by BlackRock’s IBIT with $165 million. Spot Ethereum ETFs recorded net outflows of $320 million, marking their third consecutive week of net outflows. — link
JPMorgan to Offer JPM Coin Deposit Token to Institutional Clients on Ethereum
According to Bloomberg, JPMorgan announced that it will offer its JPM Coin deposit token to institutional clients on Ethereum, enabling round-the-clock payments that settle in seconds. The token represents clients’ U.S. dollar deposits at JPMorgan and first launched on Base last year. It is expected to support on-chain payments for large clients in the crypto sector, as well as settlement or collateralization of tokenized asset transactions by financial institutions. — link
According to Bloomberg, JPMorgan announced that it will offer its JPM Coin deposit token to institutional clients on Ethereum, enabling round-the-clock payments that settle in seconds. The token represents clients’ U.S. dollar deposits at JPMorgan and first launched on Base last year. It is expected to support on-chain payments for large clients in the crypto sector, as well as settlement or collateralization of tokenized asset transactions by financial institutions. — link
Upbit to List CT Trading Pairs Against KRW, BTC, and USDT
According to an official announcement, Upbit, South Korea’s largest crypto exchange, will list CT trading pairs against KRW, BTC, and USDT. Trading is scheduled to begin on October 19 at 18:00 (KST). Concrete is an on-chain asset management infrastructure project, and CT is used for governance and staking. — link
According to an official announcement, Upbit, South Korea’s largest crypto exchange, will list CT trading pairs against KRW, BTC, and USDT. Trading is scheduled to begin on October 19 at 18:00 (KST). Concrete is an on-chain asset management infrastructure project, and CT is used for governance and staking. — link
BNB Chain burns 1.65M BNB worth about $1B in 37th quarterly auto-burn
BNB Chain completed its 37th quarterly BNB Auto-Burn, removing about 1.646 million BNB worth roughly $1 billion at the reference price. The Auto-Burn mechanism determines the amount based on BNB’s price and the number of BNB Smart Chain blocks produced during the quarter, with the long-term goal of reducing total BNB supply to 100 million. BNB Chain also continues to burn a portion of gas fees through BEP-95. — link
BNB Chain completed its 37th quarterly BNB Auto-Burn, removing about 1.646 million BNB worth roughly $1 billion at the reference price. The Auto-Burn mechanism determines the amount based on BNB’s price and the number of BNB Smart Chain blocks produced during the quarter, with the long-term goal of reducing total BNB supply to 100 million. BNB Chain also continues to burn a portion of gas fees through BEP-95. — link
Strategy expands buyback to $3B, buys 267 BTC
Strategy said it acquired 267 BTC for $22.1 million at an average price of $82,900 between October 12 and 18, bringing total holdings to 848,517 BTC. The company also repurchased 1.94 million STRC shares for $193.1 million and increased its digital credit securities repurchase authorization from $2 billion to $3 billion, leaving $1.16 billion available. The bitcoin purchase was funded mainly through $22 million in MSTR share sales.
Strive CEO Matt Cole said the company purchased 1,223 BTC between Wednesday and Friday at an average price of $81,734, bringing total holdings to 36,818 BTC. The purchase was worth about $100 million. Cole also said proceeds from Strive’s SATS preferred stock IPO are expected to settle Tuesday, while the company plans to maintain reserves covering 18 months of dividend payments and has allowed its legacy warrants to expire. — link
Strategy said it acquired 267 BTC for $22.1 million at an average price of $82,900 between October 12 and 18, bringing total holdings to 848,517 BTC. The company also repurchased 1.94 million STRC shares for $193.1 million and increased its digital credit securities repurchase authorization from $2 billion to $3 billion, leaving $1.16 billion available. The bitcoin purchase was funded mainly through $22 million in MSTR share sales.
Strive CEO Matt Cole said the company purchased 1,223 BTC between Wednesday and Friday at an average price of $81,734, bringing total holdings to 36,818 BTC. The purchase was worth about $100 million. Cole also said proceeds from Strive’s SATS preferred stock IPO are expected to settle Tuesday, while the company plans to maintain reserves covering 18 months of dividend payments and has allowed its legacy warrants to expire. — link
BitMine Adds 12,535 ETH, Total Holdings Reach 6.04M ETH
BitMine said it acquired 12,535 ETH over the past week, bringing total holdings to 6,041,481 ETH, or about 4.9% of Ethereum’s 122.1 million supply. The company has 5.07 million ETH staked, while its total crypto, cash, marketable securities and other investments were valued at $15.1 billion as of October 18. — link
BitMine said it acquired 12,535 ETH over the past week, bringing total holdings to 6,041,481 ETH, or about 4.9% of Ethereum’s 122.1 million supply. The company has 5.07 million ETH staked, while its total crypto, cash, marketable securities and other investments were valued at $15.1 billion as of October 18. — link
Metaplanet nears US takeover as Super League shareholders approve 2,100 BTC deal
Super League shareholders approved Metaplanet’s planned investment, including the issuance of shares and warrants and the rebranding to Superplanet. At closing, Metaplanet is expected to contribute 2,100 BTC and $2.5 million in cash and would own about 93.7% of the company’s common stock. Superplanet is intended to serve as Metaplanet’s U.S.-listed Bitcoin treasury platform, while related warrants could provide up to roughly $3.4 billion in additional equity capital. — link
Super League shareholders approved Metaplanet’s planned investment, including the issuance of shares and warrants and the rebranding to Superplanet. At closing, Metaplanet is expected to contribute 2,100 BTC and $2.5 million in cash and would own about 93.7% of the company’s common stock. Superplanet is intended to serve as Metaplanet’s U.S.-listed Bitcoin treasury platform, while related warrants could provide up to roughly $3.4 billion in additional equity capital. — link
Hyperliquid Policy Center urges SEC to refine airdrop, secondary trading rules
Hyperliquid Policy Center submitted comments on the SEC’s proposed Regulation Crypto Assets, calling for clearer treatment of free token airdrops, broader secondary trading for exempt tokens, expanded safe harbors and clearer rules for token buybacks. The SEC proposal includes exemptions for startup token offerings of up to $5 million over four years and qualifying fundraising of up to $75 million in any 12-month period. — link
Hyperliquid Policy Center submitted comments on the SEC’s proposed Regulation Crypto Assets, calling for clearer treatment of free token airdrops, broader secondary trading for exempt tokens, expanded safe harbors and clearer rules for token buybacks. The SEC proposal includes exemptions for startup token offerings of up to $5 million over four years and qualifying fundraising of up to $75 million in any 12-month period. — link
Multicoin Says HYPE Is Its Hedge Fund's Largest Position, Stays With Crypto Over AI
According to Bloomberg, Multicoin Capital, which manages about $2.7 billion, plans to remain focused on crypto even as peers including Paradigm, Framework Ventures and Haun Ventures expand into AI. General partner Spencer Applebaum said HYPE is currently the largest position in Multicoin’s hedge fund and was acquired through the public market, though he did not disclose the size of the holding. He added that the firm sees no reason to shift away from crypto simply to follow the AI investment boom. — link
According to Bloomberg, Multicoin Capital, which manages about $2.7 billion, plans to remain focused on crypto even as peers including Paradigm, Framework Ventures and Haun Ventures expand into AI. General partner Spencer Applebaum said HYPE is currently the largest position in Multicoin’s hedge fund and was acquired through the public market, though he did not disclose the size of the holding. He added that the firm sees no reason to shift away from crypto simply to follow the AI investment boom. — link
Highlight Clip: Tom Lee: Many VC Friends Say They Wish They Had Just Bought BTC
Tom Lee: Many VC Friends Say They Wish They Had Just Bought BTC
Speaking at TOKEN2049, Tom Lee said he recently had dinner in Taiwan, China, with some VC friends he first met ten years ago, when he had just begun researching Bitcoin. He noted that Bitcoin had risen from under $1,000 to around $80,000 over that period, delivering roughly an 80x return. He had therefore expected these investors to have earned even higher returns from their venture investments. Instead, they told him their venture returns had been okay, but they wished they had simply bought Bitcoin. Lee said investors should maximize their exposure to Bitcoin, Ethereum, and even Solana in this cycle, as he believes these Layer 1 blockchains will capture a substantial share of the value. — link
Tom Lee: Many VC Friends Say They Wish They Had Just Bought BTC
Speaking at TOKEN2049, Tom Lee said he recently had dinner in Taiwan, China, with some VC friends he first met ten years ago, when he had just begun researching Bitcoin. He noted that Bitcoin had risen from under $1,000 to around $80,000 over that period, delivering roughly an 80x return. He had therefore expected these investors to have earned even higher returns from their venture investments. Instead, they told him their venture returns had been okay, but they wished they had simply bought Bitcoin. Lee said investors should maximize their exposure to Bitcoin, Ethereum, and even Solana in this cycle, as he believes these Layer 1 blockchains will capture a substantial share of the value. — link
Ethereum Sets October 26 for Glamsterdam Upgrade on Hoodi Testnet, Raising Gas Limit to 200 Million
The Ethereum Foundation announced that the Glamsterdam upgrade will activate on the Hoodi testnet on October 26 at 17:42 UTC, raising its block gas limit to 200 million, matching Sepolia. The upgrade introduces enshrined proposer-builder separation (ePBS) and block-level access lists (BALs) to enable parallel transaction validation and improve Ethereum Layer 1 throughput, alongside revised gas pricing for state creation and data access. — link
The Ethereum Foundation announced that the Glamsterdam upgrade will activate on the Hoodi testnet on October 26 at 17:42 UTC, raising its block gas limit to 200 million, matching Sepolia. The upgrade introduces enshrined proposer-builder separation (ePBS) and block-level access lists (BALs) to enable parallel transaction validation and improve Ethereum Layer 1 throughput, alongside revised gas pricing for state creation and data access. — link
Tether Says Its Wallet Freezes Drove 94% Drop in Iran-Linked Stablecoin Volume
Tether CEO Paolo Ardoino disputed U.S. Senator Richard Blumenthal's analysis of the company's sanctions compliance, claiming its wallet freezes had reduced Iran-linked stablecoin transaction volume by 94%. Ardoino said Tether, issuer of the world's largest stablecoin USDT, had frozen relevant addresses an average of four weeks before official U.S. and Israeli sanctions designations since 2023, and acted before Chainalysis flagged them in 99% of cases. — link
Tether CEO Paolo Ardoino disputed U.S. Senator Richard Blumenthal's analysis of the company's sanctions compliance, claiming its wallet freezes had reduced Iran-linked stablecoin transaction volume by 94%. Ardoino said Tether, issuer of the world's largest stablecoin USDT, had frozen relevant addresses an average of four weeks before official U.S. and Israeli sanctions designations since 2023, and acted before Chainalysis flagged them in 99% of cases. — link
US spot Bitcoin ETFs see $527M inflows; BlackRock IBIT leads with $665M
According to SoSoValue, U.S. spot Bitcoin ETFs recorded $527 million in net inflows on October 19, led by BlackRock's IBIT with $665 million. Spot Ethereum ETFs saw $103 million in net outflows, with BlackRock's ETHA accounting for $95.4 million. BlackRock is the world's largest asset manager, and its IBIT and ETHA funds recorded the largest inflows and outflows in their respective categories. — link
According to SoSoValue, U.S. spot Bitcoin ETFs recorded $527 million in net inflows on October 19, led by BlackRock's IBIT with $665 million. Spot Ethereum ETFs saw $103 million in net outflows, with BlackRock's ETHA accounting for $95.4 million. BlackRock is the world's largest asset manager, and its IBIT and ETHA funds recorded the largest inflows and outflows in their respective categories. — link
JPMorgan Sees Bitcoin Outperforming U.S. Stocks and Gold Over Next Decade
J.P. Morgan Asset Management, the investment arm of U.S. banking giant JPMorgan Chase, included Bitcoin in its long-term return forecasts for the first time, projecting a 10% compound annual return over the next 10–15 years, ahead of U.S. large-cap stocks (7.5%), gold (5.5%) and U.S. REITs (8.2%). Its 2027 Long-Term Capital Market Assumptions also estimated Bitcoin's arithmetic annual return at 20.9%, with 55% annualized volatility. Bitwise CIO Matt Hougan said the figures positioned Bitcoin as the highest-returning asset over the next decade. — link
J.P. Morgan Asset Management, the investment arm of U.S. banking giant JPMorgan Chase, included Bitcoin in its long-term return forecasts for the first time, projecting a 10% compound annual return over the next 10–15 years, ahead of U.S. large-cap stocks (7.5%), gold (5.5%) and U.S. REITs (8.2%). Its 2027 Long-Term Capital Market Assumptions also estimated Bitcoin's arithmetic annual return at 20.9%, with 55% annualized volatility. Bitwise CIO Matt Hougan said the figures positioned Bitcoin as the highest-returning asset over the next decade. — link
Highlight Clip: Justin Sun: AI and Quantum Risks Make Me More Bearish on Bitcoin Than Before
Justin Sun: AI and Quantum Risks Make Me More Bearish on Bitcoin Than Before
On October 16, 2026, Justin Sun said in an interview with William Joy that advances in AI algorithms and quantum computing risks had made him more bearish on Bitcoin than before. He argued that the industry and investors holding Bitcoin through ETFs had not fully priced in these risks. He also suggested that AI progress in mathematics could potentially enable classical computing to break existing cryptography, even before a quantum computing breakthrough. — link
Justin Sun: AI and Quantum Risks Make Me More Bearish on Bitcoin Than Before
On October 16, 2026, Justin Sun said in an interview with William Joy that advances in AI algorithms and quantum computing risks had made him more bearish on Bitcoin than before. He argued that the industry and investors holding Bitcoin through ETFs had not fully priced in these risks. He also suggested that AI progress in mathematics could potentially enable classical computing to break existing cryptography, even before a quantum computing breakthrough. — link
Mt. Gox Delays Creditor Repayment Deadline to 2027 for Fourth Straight Year
Mt. Gox, once the world's largest Bitcoin exchange before its collapse in 2014 following a major theft, has extended its creditor repayment deadline by another year to October 31, 2027, marking the fourth consecutive annual extension since 2023. Court-appointed rehabilitation trustee Nobuaki Kobayashi said repayments have largely been completed for creditors who fulfilled the required procedures without issues, but many remain unpaid due to incomplete documentation or processing problems. — link
Mt. Gox, once the world's largest Bitcoin exchange before its collapse in 2014 following a major theft, has extended its creditor repayment deadline by another year to October 31, 2027, marking the fourth consecutive annual extension since 2023. Court-appointed rehabilitation trustee Nobuaki Kobayashi said repayments have largely been completed for creditors who fulfilled the required procedures without issues, but many remain unpaid due to incomplete documentation or processing problems. — link
ZachXBT: Over 87% of Inflows to FreedomXMR, a Laundering Service on Hyperliquid, Linked to Illicit Activity
On-chain investigator ZachXBT reported that over 87% of inflows to FreedomXMR (FXMR), a centralized money laundering service that emerged on Hyperliquid Core in August 2026, are directly linked to illicit activity. A review of historical inflows exceeding $10,000 per transaction traced more than $20 million to ransomware, exploits, and social engineering attacks, including incidents involving DCENT Wallet, Fetch ai, Axelar, and Gamdom. The investigation also found that FXMR's administrator sourced XMR liquidity from KuCoin, with associated addresses making over 3,000 deposits to the exchange. ZachXBT has shared the supporting on-chain data with the Hyperliquid team. — link
On-chain investigator ZachXBT reported that over 87% of inflows to FreedomXMR (FXMR), a centralized money laundering service that emerged on Hyperliquid Core in August 2026, are directly linked to illicit activity. A review of historical inflows exceeding $10,000 per transaction traced more than $20 million to ransomware, exploits, and social engineering attacks, including incidents involving DCENT Wallet, Fetch ai, Axelar, and Gamdom. The investigation also found that FXMR's administrator sourced XMR liquidity from KuCoin, with associated addresses making over 3,000 deposits to the exchange. ZachXBT has shared the supporting on-chain data with the Hyperliquid team. — link
Bitwise: Ethereum Staking Hits Record 43.8M ETH, Accounting for 35.9% of Total Supply, Up for Sixth Consecutive Quarter
Bitwise's Q4 2026 Staking Report shows that Ethereum staking reached an all-time high of 43.8 million ETH, representing 35.9% of total supply and marking six consecutive quarters of growth. Ethereum's staking yield declined from 2.81% to 2.63%. Solana's staking ratio stood at 69%, with yields falling from 6.38% to 5.99%, while NEAR's staking ratio reached 46%, with a yield of 4.87%. The report also highlighted that tokenized stock trading volume on Solana rose 45% to $6.93 billion, while daily tokenized stock trading volume on Robinhood Chain increased 22-fold during the quarter. — link
Bitwise's Q4 2026 Staking Report shows that Ethereum staking reached an all-time high of 43.8 million ETH, representing 35.9% of total supply and marking six consecutive quarters of growth. Ethereum's staking yield declined from 2.81% to 2.63%. Solana's staking ratio stood at 69%, with yields falling from 6.38% to 5.99%, while NEAR's staking ratio reached 46%, with a yield of 4.87%. The report also highlighted that tokenized stock trading volume on Solana rose 45% to $6.93 billion, while daily tokenized stock trading volume on Robinhood Chain increased 22-fold during the quarter. — link