In September, Kalshi and Polymarket together posted a record trading volume of $1.44 billion, reflecting heightened retail participation. theblock.com

Santiment identified the four most negative trading days since March, marked by arrows, with the latest occurring on Friday following the United States' announcement of 100% tariffs on China. Each of these episodes was characterized by heightened fear, uncertainty, and doubt (FUD), leading to exaggerated market reactions to global developments. Contrasting the mass panic, astute traders capitalized on the downturn to increase their positions.

TAO TAO Synergies has secured $11 million in private funding for Bittensor. Details are available at theblock.com.
Chart information can be accessed via the provided link.

Bhutan is transitioning its national identification system from Polygon to Ethereum. cointelegraph

Whale Transactions:

1. Hackers acquired an additional 9,240 ETH, worth approximately $39.45 million, at an average price of $4,269, according to Lookonchain.
2. A Bitcoin investor, previously successful in shorting BTC and ETH before the market downturn and generating over $160 million in gains, has increased their short position in BTC. The investor now holds 3,440 BTC, valued at approximately $392.67 million, with a liquidation price set at $128,030.

The top 15 tokens within the Solana ecosystem are collectively valued at a fully diluted valuation of less than $100 million.

The top 15 tokens within the Solana ecosystem are collectively valued at a fully diluted market cap below $100 million.

New Airdrop Initiatives Emerge in Web3 Ecosystem

Approximately $627 million in cryptocurrency contracts were liquidated over the past 24 hours, including roughly $425 million in long positions and $202 million in shorts.

Bitcoin (BTC) saw approximately $627 million in contracts liquidated over the past 24 hours, with $425 million in long positions and $202 million in short positions unwound.

Wallets associated with Matrixport have withdrawn approximately 4,000 BTC, valued at $454 million, from Binance over the past 20 hours.

South Korea's regulatory authority has resumed its review of Binance's acquisition of local exchange Gopax after a two-year pause, signaling progress in Binance's efforts to re-enter the Korean market. newsis

Glassnode reports that Bitcoin's recent decline occurred while over 90% of supply remained profitable, predominantly impacting large holders who incurred the most losses. Unlike the FTX and Luna collapses, when less than 65% of supply was in profit, this episode does not signify broad capitulation but appears to be a leveraged event with a different structural profile.

Japan-based Metaplanet's enterprise value has fallen below its Bitcoin holdings, marking a 70% decline since June. The drop indicates decreasing investor confidence in firms with digital asset treasury strategies. bloomberg

The co-founder of Monad has warned users to avoid clicking on advertisements within the official Telegram channel. He identified that malicious actors have purchased ads on Telegram, falsely promoting a token hallmarking portal that mimics the company's official announcement channel. [Cointelegraph]

Tether's CEO announced this week that the company will launch WDK, an open-source wallet development kit. The WDK will include a starter wallet compatible with iOS and Android, demonstrating how users can rapidly develop full-featured digital asset wallets using the toolkit.

Bernstein forecasts that by the end of 2027, the supply of USDC will triple, representing one-third of the stablecoin market. theblock.com

Stablecoins are experiencing a resurgence on exchanges after the recent market decline, with over $3.2 billion entering the sector this week. This marks one of the largest liquidity inflows in the past month, suggesting traders are positioning ahead of the upcoming consumer price index (CPI) release. A lower-than-expected CPI could potentially trigger a market rally.

Gold continues to reach new highs, maintaining a strong correlation with Bitcoin. The notion of digital gold remains relevant, as demand for inflation hedging persists.

Bitcoin has stabilized above the 135-day moving average, according to Glassnode, while the MVRV Young Supply Index has returned to 1.0. This suggests a cooling trend in the market while maintaining its overall structure.

WisdomTree has launched a physically backed Exchange-Traded Product (ETP) for Stellar Lumens (XLM) across Europe. coindesk.com