Odaily reports: The Solana on-chain meme coin Kimchi briefly reached a market cap of $40 million yesterday before continuing to decline, now sitting at $21.51 million, down over 50% from its peak. One whale invested $144,000 when the token's market cap was $33.7 million and is currently sitting on an unrealized loss of over $50,000. Previously, the token was inspired by internet-famous trader Kimchi (@kimchi1x), who currently holds 75.32% of the meme coin's total supply.

Monitoring shows that Polymarket's "Predict.fun FDV above $800M one day after launch" probability has risen to 74%, up 60% in 24 hours.

If Predict.fun's governance token has a fully diluted valuation (FDV) above $800 million one day after its launch, this prediction event will resolve to "Yes"; otherwise, it will resolve to "No".

The token must be publicly transferable and tradable to be considered officially launched.

FDV will be calculated based on the total token supply multiplied by the token price.

"One day after launch" is defined as 4:00 PM ET on the day following the token's launch.

This prediction event will use the most liquid price source as the basis for resolution.

If Predict.fun (https://predict.fun/) fails to launch a token before 11:59 PM ET on December 31, 2027, this prediction event will resolve to "No".

Odaily reports: Chinese AI company DeepSeek has raised approximately RMB 100 billion (about USD 15 billion) in its latest funding round, one of the largest financings ever completed in China.

According to people familiar with the matter, during negotiations with investors, DeepSeek raised its funding target at least twice, from an initial RMB 50 billion to RMB 80 billion, before finalizing the aforementioned fundraising size. The sources said CATL and Tencent Holdings are the major investors in this round, and the relevant details have not yet been made public. (Bloomberg)

Odaily: Iran's Revolutionary Guard Navy stated that four vessels engaged in illegal oil transfers in the northern Persian Gulf were simultaneously struck and set on fire after being tracked by its forces. The Revolutionary Guard also said that another three ships struck mines west of the Strait of Hormuz. Iran's Revolutionary Guard warned the US military that continued provocation could invite a larger-scale response targeting its regional bases. (Jinshi)

Odaily: Meta has announced an agreement with CEO Mark Zuckerberg to issue sellable non-voting shares to him, intended to cover potential tax liabilities amounting to billions of dollars should the California wealth tax proposal pass. In exchange, Zuckerberg has committed to residing in California or at Meta's headquarters location for 8 years. Zuckerberg previously stated that he was considering leaving California if Proposition 40—a ballot measure scheduled for a vote next month that would impose a one-time 5% wealth tax on California billionaires—were to pass. Zuckerberg's net worth is approximately $240 billion, and he would be able to immediately sell 20% of the Class C shares granted, equivalent to 10% of his economic interest in the company, while retaining voting control. Meta will issue new non-voting Class C common stock in January 2027, effectively equivalent to a 2-for-1 stock split.

Odaily: Coldcard hardware wallet manufacturer Coinkite and its co-founders Rodolfo Novak and Peter D. Gray are facing a class action lawsuit in Ontario, Canada. The lawsuit alleges that the standard firmware used by Coldcard hardware wallets since around March 2021 has a fundamental flaw: instead of using a true random number generator, it relies on a predictable software pseudo-random number generator, which could allow mnemonic phrases to be reproduced and puts users' Bitcoin holdings at risk of unauthorized access. The lawsuit seeks class certification and claims that Coinkite violated the Consumer Protection Act and the Sale of Goods Act, while also involving allegations of negligence and breach of contract, and seeks damages.

Odaily reports: According to DeFiLama data, Papertrade's daily revenue has fallen out of the top 20 blockchain protocols, with current daily revenue at $178,000, ranking 20th in protocol revenue. Papertrade has been live for only 12 days, with total protocol revenue of $61.96 million, ranking 3rd in 7-day revenue. Previously, Papertrade's daily revenue even far exceeded Hyperliquid, ranking in the top three.

However, since Papertrade announced on October 20 that its protocol token PAPER would be non-transferable, various protocol metrics have declined to varying degrees, with user trading activity dropping, and current protocol TVL at only about $40 million. PaperTrade founder Jez previously stated that whether the token is transferable will not change whether a degen chooses to trade on PaperTrade long-term.

For more content, read "Can't Sell Tokens, 526 Days to Break Even, No One Is Playing PaperTrade Anymore"

Odaily reports: According to Al Jazeera, U.S. President Trump stated that on the Iran issue, the United States holds a "very favorable" position at both the "military and economic levels"; he described the current situation as "a small conflict with Iran." When asked by reporters whether he had given up on negotiating with Iran, Trump replied: "No, I think we are not currently negotiating. Regardless, there will ultimately be a result, and it will be clear very soon." He added: "Most people seem to think this will wait until after the election—we'll see." He was referring to the upcoming U.S. midterm elections. Trump also said: "But I have to say, what we have done on the Iran issue is very remarkable." (Jinshi)

According to DefiLlama data, Gate recorded net capital inflows of approximately $444 million over the past 30 days, ranking second among global centralized exchanges.

Odaily reports that according to Gate data, Brent crude oil (XBRUSD) has risen above $112/barrel, currently at $112.06/barrel, with a 24-hour gain of 0.2%.

According to Lookonchain monitoring, three addresses have cumulatively withdrawn 24,454 ETH from Kraken and Binance, worth $60.68 million. Among them, a whale withdrew 10,954 ETH from Kraken and staked it after four months of inactivity; a whale withdrew 9,000 ETH from Binance and deposited it into Aave; a whale withdrew 4,500 ETH from Binance 10 hours ago.

Odaily reports: According to SoSoValue data, yesterday (October 21, US Eastern Time), Ethereum spot ETFs recorded total net inflows of $14.955 million.

Yesterday, the Ethereum spot ETF with the highest single-day net inflow was Grayscale Ethereum Mini Trust ETF ETH, with a single-day net inflow of $28.0693 million. ETH's historical total net inflow now stands at $2.039 billion.

Next was Fidelity ETF FETH, with a single-day net inflow of $13.0333 million. FETH's historical total net inflow now stands at $2.355 billion.

Yesterday, the Ethereum spot ETF with the highest single-day net outflow was Blackrock ETF ETHA, with a single-day net outflow of $29.3239 million. ETHA's historical total net inflow now stands at $12.336 billion.

As of press time, the total net asset value of Ethereum spot ETFs is $15.358 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) has reached 5.05%, and cumulative historical net inflows have reached $12.825 billion.

Odaily reports: According to SoSoValue data, yesterday (October 21, US Eastern Time), Bitcoin spot ETFs recorded a total net inflow of $528 million.

The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $235 million. IBIT's total historical net inflow has now reached $66.498 billion.

Next was Fidelity's ETF FBTC, with a single-day net inflow of $213 million. FBTC's total historical net inflow has now reached $10.588 billion.

As of press time, the total net asset value of Bitcoin spot ETFs stands at $109.309 billion, with the ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) at 6.42%, and cumulative historical net inflows have reached $57.956 billion.

According to Onchain Lens monitoring, following the Railway security breach, a suspected attacker wallet has transferred at least $369,300 to HitBTC and other addresses. The wallet had also previously received funds from an address associated with CryptoBillis Ledger Drainer, though its connection to the Railway security breach has not yet been confirmed.

Odaily reports that WordPress has issued an official security alert. Due to the severity of the PHP vulnerability, website owners are advised to update PHP immediately and contact their hosting providers to confirm patch deployment and the implementation of Web Application Firewall (WAF) mitigation rules. Users can check the current PHP version running on their site via the WordPress admin panel. Versions prior to PHP 8.2 no longer receive official security updates. For websites still running older versions and managing their own servers, if remediation cannot be completed immediately, the official recommendation is to consider temporarily taking the server offline until the vulnerability is effectively mitigated.

Odaily News: A serious security vulnerability has been exposed in PHP, the programming language used to run websites, affecting financial institutions, enterprises, local governments, and government agencies in Japan. Japan's Chief Cabinet Secretary Minoru Kihara said at a press conference on the morning of the 22nd: "As of now, no reports of related damage have been received." At the same time, he advised companies and other organizations to install fix patches, and said the government will closely monitor the situation and take corresponding measures. According to Minoru Kihara, government departments including the Ministry of Health, Labour and Welfare and the Ministry of Finance have temporarily suspended public access to some website content as a precaution. Affected by the incident, Japan's cybersecurity-related stocks rose, while the foreign exchange market and the yen bond market have not yet seen obvious fluctuations. (Jinshi)