Odaily reports that CryptoQuant posted on X platform stating that with the Ethereum leveraged positions on Binance being cleared, the ETH market structure has become healthier, but there is still a lack of clear catalysts to drive prices higher.

CryptoQuant noted that going forward, key focus should be on whether USDT flows back into Binance and whether the Coinbase Premium Index can turn positive. If these signals emerge, they could shift the Ethereum market outlook toward bullish.

Odaily reports that stablecoin issuer Circle plans to expand into approximately 50 emerging and developing markets to meet growing demand for digital dollar payments in Southeast Asia, Latin America, and the Middle East.

USDC circulation stands at about $73.3 billion, accounting for roughly one-quarter of the stablecoin market; USDT's market share is close to 60%, higher than that of USDC.

Circle's $400 million acquisition of Tazapay, the newly launched Arc blockchain, and its approval for a federal trust bank charter are expected to support its market expansion; a clearer regulatory environment is driving stablecoin adoption. (CoinDesk)

Odaily reports that QCP released a market report noting that U.S. September CPI rose 3.7% year-over-year, above the market expectation of 3.6%, with a 0.6% month-over-month increase; core CPI rose 2.6% year-over-year, also exceeding expectations. Despite the stronger inflation data, U.S. Treasury yields still fell sharply, with 10-year and 30-year Treasury yields reversing lower after touching 5.35% and 5.73% respectively, reflecting rising demand for safe-haven assets.

QCP believes that credit risk in the AI infrastructure sector is becoming a focal point for the market. CoreWeave's stock price fell 15.5%, and its 5-year credit default swap (CDS) quote rose to 60%, triggering market concerns about the debt-servicing capacity of AI computing companies and dragging down the Nasdaq index and South Korea's KOSPI index.

Additionally, MSCI's new classification methodology for non-operating companies may affect the index inclusion eligibility of certain enterprises, further increasing structural risks in the market.

QCP notes that the market's focus is shifting from inflation constraints to credit risk in the AI industry. As the tech company earnings season approaches in the next two weeks, related risks may continue to affect investor position allocation and IPO expectations for tech companies this quarter.

Odaily reports that Gerald Podobnik stated Deutsche Bank will launch its first digital asset service within weeks. In the first phase, it will roll out crypto custody in Germany, supporting major cryptocurrencies such as Bitcoin and Ethereum, and will subsequently add mainstream stablecoin redemption services. The bank plans to expand its custody platform to Asian financial hubs next year and offer tokenized deposit services, helping clients issue digital bonds and other blockchain-based securities.

Odaily reports: Vitalik posted on X platform stating that he has integrated Wrapped zkAPI, Tor, additional cover traffic, and local LLM prompt rewriting into an OpenAI-compatible daemon, and built a "paranoid mode" wrapper for the agent tool pi. Each conversation is assigned an independent Tor circuit, requests include random cover traffic, zkAPI avoids identity leakage through a payment mechanism, and all prompts are rewritten locally; his agent tool runs in a bwrap sandbox with torsocks layered on top, and all operations go through Tor. This solution already has relatively high usability but increases latency; Vitalik stated that Tor is not an ideal privacy solution in this scenario, and more specialized mix networks may require higher bandwidth overhead and built-in constant cover traffic. Lower mainnet deposit and withdrawal gas costs for zkAPI are coming soon.

According to Odaily monitoring, a contract account belonging to a certain address has accumulated profits exceeding $21.7 million. At 18:32 on October 16, 2026, it closed a BTC long position worth approximately $12.31 million, realizing a profit of about $180,500 from the closure. It had previously held a BTC long position worth approximately $12.27 million, which has now been fully closed.

Address: 0xbf732ea04197942783e34730ed6e0f6099575d58

Odaily reports: Alex Taaffe, Chief Revenue Officer of digital asset trading firm GSR, stated that the on-chain issuance of real-world assets (RWAs) continues to increase, but investor demand has yet to match, and the growing number of issuers and blockchains has further fragmented liquidity in the tokenized market.

Mike Silagadze, founder and CEO of ether.fi, said that stablecoins facilitate cross-border transfers, but broader adoption depends on whether they can be used for everyday spending; Yvonne Chia, Head of Communications at USDD, believes that issuers should prioritize improving user experience.

The stablecoin market cap stands at $306 billion, up approximately 2% year-over-year and about 74% over the past 12 months. Ilya Podoynitsyn, co-founder and CEO of FinHarbor, pointed out that service providers still need to address regulatory requirements across different jurisdictions and adjust their infrastructure and compliance systems.

Miguel Morel, founder and CEO of blockchain analytics firm Arkham Intelligence, said that on-chain data can be used to assess counterparty risk and the source of client deposits. Pulkit Gupta of Nomad Capital noted that crypto market liquidity has been relatively weak over the past three months, making it more difficult to exit altcoin investments. (Cointelegraph)

Odaily News: JPY stablecoin issuer JPYC posted on X platform that JPYC issuance processing on the Polygon network had experienced delays since around 14:00 today. The issue has now been resolved, and previously backlogged issuance requests are being processed sequentially.

JPYC emphasized that JPYC issuance services on other networks and redemption processing on all networks were unaffected by this incident.

Odaily reports: Ronin officially announced that the Ronin Waypoint migration has entered the final grace period, which will last until 23:00 Beijing time on October 31, 2026. After the grace period ends, Ronin Waypoint will be completely shut down and the migration will be complete. Previously, Ronin required users to migrate assets from their Waypoint wallets to Ronin Stash or mnemonic wallets by October 16, and unmigrated assets may become inaccessible.

Odaily News — On October 16, B.AI published its weekly token ranking for domestic model brands covering October 9 to 15. Xiaomi's model token usage held steady at No. 2 for the third consecutive week, surging 49.9% week-over-week, with its platform token usage share rising 10.4 percentage points. DeepSeek continued to lead this week with a total of 1.03T tokens. Zhipu grew 44.3% week-over-week, with its platform share increasing 3.7 percentage points, ranking No. 3. Moonshot's token usage skyrocketed 286.5% week-over-week. With multiple models competing side by side, real usage bears witness to market shifts. B.AI continues to expand model options, empowering developers to flexibly access diverse AI capabilities. Log in to b.ai to explore.

Odaily News: According to MSX.COM data, US pre-market AI concept stocks broadly declined, with MU down 1.52%, AMD down 1.64%, MRVL down 1.23%, and AVGO down 0.40%.

It is reported that MSX.COM is a decentralized RWA trading platform, which has cumulatively listed hundreds of RWA tokens, covering US stock and ETF tokenized assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

Odaily News: Gate Research recently released a rate hike report. In September 2026, the Federal Reserve raised rates by 25 basis points, marking the first increase in the policy rate in more than three years, yet the crypto market did not see significant selling. Over the following 7 days, cumulative gains reached 11.58% and 11.94%, with SOL rising as much as 18.70%.

Gate Research analysis suggests that rate hikes do not necessarily mean crypto assets will decline; what the market is truly trading is the gap between policy and expectations. During the four rate hikes in 2023, market direction diverged afterward; while the deep correction in 2022 was caused by rapid rate hikes combined with an industry credit crisis. From a transmission mechanism perspective, high rates raise the yield on dollar-denominated assets and the opportunity cost of holding crypto assets. BTC, with its higher liquidity and greater institutional participation, is relatively more defensive, while high-beta assets such as SOL show greater elasticity when the market rebounds and face higher drawdown risk when liquidity tightens. Looking ahead, if inflation and employment gradually cool and rate hike expectations peak, the market may front-run an improvement in liquidity, with the rally gradually spreading from BTC to ETH and altcoins.

As a leading global digital asset platform, Gate continues to monitor changes in the macroeconomic environment and their impact on the crypto market, helping investors better grasp market trends and identify potential opportunities in an ever-changing market environment.

Odaily News: According to on-chain analyst Ember, Perp @papertrade_xyz on Hyperliquid, since launching loss-mining on the 10th, in less than 6 days, the trading volume of the top three addresses has each exceeded $10 billion.

The first-ranked address had a trading volume of $11.6 billion, trading losses of $780,000, and obtained 46 million PAPER through loss-mining, with a token acquisition cost of $0.017; the second-ranked address had a trading volume of $10.3 billion, trading losses of $930,000, and obtained 85 million PAPER through loss-mining, with a token acquisition cost of $0.011; the third-ranked address had a trading volume of $10.1 billion, trading losses of $980,000, and obtained 252 million PAPER through loss-mining, with a token acquisition cost of $0.0039.

The above token acquisition costs do not include dividends from PAPER earned through mining. If relevant dividends are included, the token acquisition costs will decrease further, and the third-ranked address's token acquisition cost will turn negative.

According to Lookonchain monitoring, Bonk Guy (@theunipcs)'s portfolio has grown by over $1 million in the past 24 hours and continues to rank first on both the FOMO 24-hour leaderboard and the all-time leaderboard.

Odaily News: Solana Foundation Chair Lily Liu posted on X responding to the postponement of the Shanghai event, stating that due to previous promotional activities such as the light show on the exterior wall of the Citigroup Tower in Shanghai's Lujiazui, registrations for the Solana Shanghai event grew overnight to 4 times the original number, far exceeding the attendance cap declared to local government authorities.

Lily Liu stated that due to the difficulty of controlling potential overcrowding at the venue, and in order to comply with relevant local requirements, the team decided to postpone the event and reschedule it once they have sufficient capacity to accommodate attendees.

She also stated that the Solana light show on the evening of October 14 was intended to express appreciation and gratitude to the Chinese community, and apologized to all community members who had planned to attend the event.

Odaily News: According to watershedpath monitoring, watershedpath holds a HYPE long position worth $11.2 million with 5x leverage, with unrealized profit of approximately $58 million. The average entry price for this position was $38.68, and the current price is $81.38, roughly double the entry price. watershedpath has held this position until now without taking profits. This position is one of the largest single-sided HYPE allocations on Hyperliquid, and watershedpath's total profit on the platform has exceeded $50 million.