Odaily News: Bitcoin has fallen below $82,000, with altcoins experiencing significant declines. BOME dropped 30.04% in 24 hours, now trading at $0.000768; BLUR fell 29.48% in 24 hours, now at $0.01349; STRK declined 28.35% in 24 hours, now at $0.08599; PONS dropped 20.35% in 24 hours, now at $0.281; USELESS fell 16.82% in 24 hours, now at $0.16969; ENA declined 15.55% in 24 hours, now at $0.204; NEAR dropped 13.44% in 24 hours, now at $5.039.

According to Odaily, since July of this year, Elon Musk has donated more than $276 million to Republican-linked political organizations, making him the largest known political donor for the 2026 U.S. midterm elections. (Cointelegraph)

Odaily News: Meta CEO Mark Zuckerberg said in an interview that with the release of the new model Muse Wonder, Meta has caught up to the industry frontier in AI technical capabilities and will continue to increase investment in computing power, infrastructure, and talent to compete with companies such as OpenAI and Anthropic.

Meta claims that Muse Wonder outperforms models such as OpenAI GPT-6 Astra and Anthropic Claude Opus 5.5 in some benchmarks, and will be applied in scenarios including complex programming, financial analysis, and personal AI assistants. The model will adopt a closed-source paid model, with the base usage price as low as $0.20 per million tokens, and the subscription fee for the advanced version Muse Wonder Full at up to $200 per month.

Zuckerberg also stated that Meta is more focused on "personal superintelligence" for individual users rather than simply pursuing the automation of knowledge work. He believes AI can achieve responsible development through conventional safety measures, and revealed that Meta has begun developing the next-generation model, with subsequent R&D progress expected to accelerate further. (Financial Times)

Odaily reports: Crypto trader Bonk Guy posted on X platform that the recent market pullback has led some investors to question long-term holders, but unrealized gains and losses are not the same as realized gains and losses — profits or losses are only realized upon selling.

Unipcs believes that the real altcoin and Meme coin rally of this cycle has not yet begun, and advises investors to ignore short-term price fluctuations, continue holding or adding to their most confident investment targets, and avoid exiting prematurely before the anticipated rally arrives.

According to Gate data, South Korea's KOSPI index opened lower on Tuesday, October 13, and is currently down 4.49%, standing at 6,097.34 points. SK Hynix and Samsung Electronics each fell more than 4%.

Odaily reports that Bitcoin News posted on X platform stating that James Lavish warned governments are trapped in a debt death spiral, forced to borrow ever-increasing amounts to pay interest on existing debt. As investors become reluctant to buy long-term government bonds, pressure on central banks to print more money intensifies.

Odaily reports that Pump.fun co-founder Alon posted on X platform that the platform is adjusting its reward algorithm, focusing on reducing incentives for low-quality shilling behavior, to prevent some users from earning rewards by mass-recommending low-market-cap tokens without considering the actual returns of their followers.

Alon stated that the platform also recognizes that limiting rewards for micro-cap token recommendations could prevent users who successfully identify high-potential tokens from receiving their due returns. Therefore, the team is researching how to define high-quality early recommendations worthy of rewards and establish corresponding market cap thresholds. The specific criteria have not yet been announced. In the future, the reward mechanism will be further improved, with a focus on rewarding users who genuinely help their followers achieve profits.

Odaily reports — Bitcoin fell below $82,000 on the evening of October 12. Data from crypto data platform Coinglass shows that total leveraged position liquidations across the network over the past 24 hours reached $488.61 million, involving 118,142 traders.

Of that total, long position liquidations amounted to $406.48 million, accounting for 83.2%, while short position liquidations totaled $82.14 million. By asset, Ethereum saw the highest liquidation amount at $115.19 million, followed by Bitcoin at $106.61 million.

Solana, Zcash, and NEAR saw liquidations of $26.97 million, $19.86 million, and $19.81 million, respectively. Binance accounted for 52.3% of total liquidations, with the single largest liquidation being a Bitcoin long position worth $9.65 million, executed at a price of $81,772. (Bitcoin.com News)

Odaily News: Quit, Yuga Labs' Vice President of Blockchain, posted on X platform that as Blur announces it will discontinue its frontend on November 12, users are advised to immediately revoke NFT approvals to Blur smart contracts.

Quit stated that their investigation has not yet found any exploitable vulnerabilities in Blur's existing contracts, but the contracts are upgradeable and carry the risk of malicious modification in the future. Currently, NFTs worth at least $10 million remain approved to Blur contracts, and their security depends on the Blur team's operational security capabilities. Quit recommends users revoke relevant approvals through tools such as revoke.cash to guard against potential contract attacks or malicious upgrade risks.

Odaily reports that according to OKX market data, BLUR has dropped nearly 28% in 24 hours and is currently trading at $0.01384.

On the news front, Blur posted on X that the blur.io frontend will be deprecated on November 12, 2026. This deprecation only affects the frontend; the Blur marketplace protocol will continue to run onchain, and BLUR will still control its fee switch.

Odaily reports, according to MSX.COM data, U.S. stocks closed with mixed performance among popular tech stocks: Meta rose over 3%, Apple and Microsoft gained more than 1%, while Nvidia, Amazon, Tesla, and Broadcom each fell over 1%.

Additionally, storage, optical communications, and computer hardware sectors declined: Quantum dropped over 9%, Corning fell 6%, SanDisk declined nearly 6%, SK Hynix and Super Micro Computer dropped over 4%, and Micron Technology and Seagate Technology fell more than 3%.

Odaily reports that according to Coinglass data, $149 million was liquidated across the network over the past hour, with $146 million in long positions and $3.6366 million in short positions. In addition, Bitcoin saw $48.5239 million in liquidations, while Ethereum saw $45.3834 million.

Odaily reports that Lorenzo Valente, Director of Digital Asset Research at Ark Invest, stated that despite Bitcoin's lackluster or even declining performance this year, Ark Invest continues to view Bitcoin on a five-year cycle and believes it remains in its early stages. The rise of stablecoins has changed Ark Invest's assessment of the Bitcoin narrative in emerging markets, while the development of tokenized equities and real-world assets is also advancing. Valente also discussed the impact of interest rates, inflation, and AI on Bitcoin's macro outlook, and shared Ark Invest's outlook for Bitcoin over the next 12 to 18 months, the four-year cycle, and its 2030 price target.

Odaily News: Jaret Seiberg, Managing Director of TD Cowen's Washington Research Group, said in a report released on Monday that the CFTC's advance notice of proposed rulemaking for crypto platforms issued last week is a positive step, but the agency may not complete the rulemaking until early 2028. As the 2028 election cycle approaches, there is a risk that the relevant rules may ultimately fail to be finalized. Seiberg expects that the CFTC will not issue a proposal until the end of the first quarter or the beginning of the second quarter of 2027 at the earliest, and may not finalize the rules until early 2028.

According to Seiberg, the proposed rules would require platforms to maintain proof-of-reserves audits and give the CFTC jurisdiction over state-licensed platforms, but would avoid direct jurisdiction over spot market trading. He said that if the CFTC accelerates the rulemaking process, it could increase the risk that courts block the rules on procedural grounds, and related legal challenges could extend beyond 2028.

Odaily: Bitcoin Treasuries posted on X that Strategy's Chaitanya Jain said: "The company's goal is to double its Bitcoin holdings per share over 7 years on a rolling basis, which means achieving approximately 10% growth in Bitcoin holdings per share each year. For long-term investors, Bitcoin holdings per share is the ultimate metric for measuring the company's direction and performance."