Odaily News: Trader Killa stated on X platform that Bitcoin short-term holder (STH) supply recently reached "overheated" levels, a situation similar to the price action in 2023 after the market broke away from the macro bottom, potentially serving as another signal of market bottom formation.
Killa pointed out that after Bitcoin short-term holder supply reached similar highs in 2023, BTC price continued to rise and maintained an uptrend in higher timeframe (HTF) trends. The current market structure is quite similar to previous cycles, and investors should not overly rely on the Fear and Greed Index to judge market direction. Killa stated that market sentiment may remain irrational for extended periods, and short-term sentiment indicators do not necessarily reflect long-term trends.
Odaily News: As global bond yields continue to climb, Morgan Stanley believes the bond market is preemptively accomplishing part of the tightening the Federal Reserve would otherwise need to achieve through its policy rate, which could in turn create conditions that ease pressure on the stock market.
Mike Wilson, Morgan Stanley's chief U.S. equity strategist, said the 10-year U.S. Treasury yield has risen about 120 basis points since February, marking a clear tightening of financial conditions. If this market-driven tightening is sufficient to slow the economy, the Fed may not need to further raise its policy rate to rein in demand in the future.
Wilson believes investors currently need to watch two key indicators: the performance of financial stocks and bond market volatility. If the September CPI comes in moderate and pressure in the bond market eases, the Fed may gain more room to observe, and the stock market could also see a broader foundation for gains.
Odaily reports: Bank of America (BofA) adjusted its price targets ahead of the three trading platforms' third-quarter earnings releases: raising Robinhood's price target from $140 to $156 while maintaining a "Buy" rating; raising Coinbase's price target from $174 to $203 while maintaining a "Buy" rating; and lowering eToro's price target from $46 to $39 while maintaining a "Neutral" rating. The market expects Robinhood's third-quarter revenue to be approximately $1.4 billion with earnings per share of $0.64; Coinbase's revenue to be approximately $1.77 billion with a loss per share of $0.20; and eToro's revenue to be approximately $203 million with earnings per share of $0.40.
According to Gate data, Brent crude oil touched $105/barrel, a new high since September 15, up 2.21% on the day.
Odaily News: Ahead of the US stock market open, here are the key market and financial headlines investors should focus on:
1. The three major US stock index futures are mixed. Dow Jones Index futures rose 0.09%, S&P 500 Index futures rose 0.02%, and Nasdaq 100 Index futures fell 0.26%.
2. International oil prices rose across the board. WTI crude oil futures rose 1.78% to $93.483 per barrel; Brent crude oil futures rose 1.64% to $106.434 per barrel.
3. International spot gold and silver both declined. Spot gold fell 0.79% to $4,161.34 per ounce; spot silver fell 0.44% to $60.52 per ounce.
4. Europe's three major stock indices all rose. The UK's FTSE 100 rose 0.83%, France's CAC 40 rose 0.49%, and Germany's DAX 30 rose 0.82%.
5. Apple's Chief Operating Officer said the team has been advancing manufacturing development for its first foldable phone, the iPhone Duo, and is currently scaling up production in line with Apple's一贯 high quality standards.
6. Musk said that to build truly excellent AI, massive amounts of training data are needed, and programming must be conquered. Only three organizations have enough programming training data: OpenAI, Anthropic, and SpaceX's Cursor, with Google勉强 also barely qualifying.
7. Tesla's second-generation Roadster is set to be unveiled on Thursday, with market rumors that the sports car will have hovering flight capability.
8. Broadcom's CEO said that AI computing demand will exceed supply over the next two years, but most companies are not seeing returns on their AI computing investments.
9. Cloud computing service provider IREN rose more than 4% in pre-market trading, with reports that the company has reached a multi-year cloud agreement with Anthropic.
10. Bernstein estimates that US electricity demand will increase by about 1,000 terawatt-hours between 2025 and 2030. Data centers are expected to account for more than half of the new load.
11. The 2026 Nobel Prize in Economics was announced: Stanford University economist Robert E. Hall and Columbia University economist Michael Woodford won the award for their research on the microeconomic foundations of macroeconomic stability.
Odaily News: According to Bitcoin News monitoring, the attacker behind the Ledger supply chain theft has moved nearly 3,000 ETH through Tornado Cash in three separate transactions, and transferred the funds into the Zcash privacy pool before converting them to USDC. Investigator @YFarmX stated that despite the use of privacy tools, they have traced 108 transactions completed through Zcash by exact value matching. An estimated $2.85 million in stolen USDC is still held in 3 wallets, and Circle may be able to freeze the related funds. Meanwhile, Tether is reported to have frozen $10 million in stolen USDT; wallets associated with the attacker still hold approximately $38.6 million in ETH and $16.9 million in BTC.
Odaily News: Bitmine Immersion Technologies (BMNR) announced on October 12 that it holds approximately 6.03 million ETH, accounting for about 4.9% of the total ETH supply. The company added 12,532 ETH last week, further growing its holdings beyond 6 million, putting it just one step away from its goal of holding 5% of the total ETH supply. In addition to ETH, the company's crypto assets, cash, marketable securities, and other investments total approximately $16.2 billion. The company has staked 5,067,309 ETH, valued at approximately $12.9 billion based on the announcement data, representing about 84% of its total ETH holdings.
Tom Lee stated that since launching its ETH treasury strategy on June 30, 2025, the company has continued to buy ETH every week. He expects that once all of the company's ETH holdings are staked through MAVAN and partners, annualized staking revenue could reach approximately $400 million based on the current 2.61% seven-day yield. In addition, the company's perpetual preferred stock BMNP closed at $99.53, above its issuance price of $80 per share. Tom Lee believes that tokenization, wealth transfer, and AI-related demand will drive the crypto market forward, and Bitmine is poised to benefit from the next bull market.
Odaily reports that according to an MSX announcement, MSX will list WFC (Wells Fargo) tokenized stock on October 12, 2026 (UTC+8), supporting both spot and futures trading. Wells Fargo reported Q2 2026 revenue of $22.622 billion, EPS of $2.00, and net interest income of $12.317 billion, up 5% year-over-year; the company will release its Q3 earnings report on October 13.
Odaily News: Nasdaq-listed Solana treasury company DeFi Development (DFDV) disclosed that it added approximately 22,070 SOL last week, bringing its total holdings to approximately 2.5862 million SOL, valued at approximately $302 million. The company stated that since announcing its second-quarter earnings on August 12, its SOL and equivalent asset reserves have grown by approximately 12%. Additionally, the recently established $300 million at-the-market offering program (CHAD ATM) will provide an additional source of funding for further expanding its SOL reserves in the future. (Globenewswire)
Odaily reports: AI research institution DeepSeek plans to lead the seed round funding of robotics AI startup Winverse AI, with an investment amount in the tens of millions of dollars range.
Sources say Winverse AI was founded by a former top AI scientist from Tencent and is currently still operating in stealth mode. In addition to DeepSeek, investors including Meituan's investment arm Long-Z Investments also participated in this funding round, bringing the company's post-investment valuation to approximately $400 million.
The report notes that DeepSeek will deploy funds from its over $12 billion in financing to support this investment, betting on the rapidly growing field of artificial intelligence and robotics technology.
This investment indicates that DeepSeek is further expanding from large model research and development into embodied intelligence and robotics AI. (Bloomberg)
Odaily News: Strategy founder Michael Saylor stated that the company recently added 250 BTC to its holdings and repurchased $192 million worth of STRC (STRC is a USD-denominated yield-bearing preferred stock issued by Strategy).
As of October 11, 2026, Strategy holds a total of 848,250 BTC, along with $5.5 billion in USD-denominated assets.
Saylor stated that based on the current BTC price of $82,252, Strategy's MSTR USD Duration is 3.5 years; assuming a BTC annualized return rate (BTC ARR) of 10% and BTC volatility of 40%, the BTC Credit spread corresponding to STRC is 52 basis points.
Odaily reports that according to on-chain analyst Ember, treasury company SkyAI (Nasdaq: SKYA), which holds 2 million SOL, is liquidating its SOL reserves. Half an hour ago, it transferred 211,623 SOL to Coinbase Prime. SkyAI announced yesterday that the company had recently sold approximately 1 million SOL. Combined with the 211,000 SOL transferred to the exchange today, SkyAI is estimated to have sold approximately 1.25 million SOL in the past 5 days, worth $138 million. According to the announcement, the company plans to sell its SOL reserves and acquire 95% of its outstanding shares.
Odaily reports that Michael Saylor posted on X platform that Strategy's USD duration is 3.5 years, STRC's Bitcoin credit spread is 52 basis points, assuming BTC annualized yield of 10%, BTC volatility of 40%, and Bitcoin price of $82,252.
Odaily News: Michael Saylor posted on X that Strategy has purchased 250 BTC and repurchased $192 million worth of STRC. As of October 11, 2026, Strategy holds 848,250 BTC and assets worth $5.5 billion.
Odaily News: Evernorth, a company focused on XRP treasury management, has completed its SPAC merger and plans to list on Nasdaq. The company currently holds approximately $672 million in XRP assets.
Evernorth stated that it will increase its XRP holdings through lending, liquidity provision, and other yield strategies, and enhance the amount of XRP corresponding to each share.
Additionally, Evernorth has appointed Hugo Jeandesboz, former Co-Chief Investment Officer at Coinbase Asset Management, as Chief Investment Officer, responsible for the company's investment strategy. (The Block)
