Odaily reports that Wormhole (W) is currently trading at $0.02842, up 61.39% in 24 hours, with a peak of $0.02945.

According to an official announcement, South Korean crypto exchange Bithumb will list the ZEST token on the Korean won market, with trading expected to open at 14:00 local time.

Odaily reports that Lighter announced today the completion of the burn of 2,452,017 LIT tokens, which were acquired through an automated buyback program as of the end of Q3 2026.

Odaily News — On October 12, according to SoSoValue data, crypto market sectors showed mixed performance. The Layer2 sector rose 6.62% over 24 hours, with Starknet (STRK) surging 111.53%, while Optimism (OP), Celestia (TIA), and zkSync (ZK) gained 15.45%, 20.38%, and 34.23% respectively. Meanwhile, the DePIN sector rose 6.24%, with Grass (GRASS) up 49.41% and Filecoin (FIL) up 13.91%.

In addition, Bitcoin (BTC) rose 1.43%, breaking through $83,000; Ethereum (ETH) gained 0.14%, breaking through $2,500.

Other standout sectors include: the RWA sector rose 4.74% over 24 hours, with Plume (PLUME) up 22.68%; the DeFi sector gained 2.29%, with Wormhole (W) up 37.16%; the PayFi sector rose 0.86%, with Zcash (ZEC) up 6.47%; the Layer1 sector gained 0.61%, with NEAR Protocol (NEAR) up 15.52%.

Among other sectors, the Meme sector declined 0.58%, with MemeCore (M) down 12.49%; the CeFi sector fell 0.72%, with Cronos (CRO) down 1.43%.

Crypto sector indices reflecting historical sector performance showed that the ssiDePIN, ssiRWA, and ssiDeFi indices rose 6.37%, 4.74%, and 1.94% respectively.

Odaily reports: MoonPay Chief Legal Officer and former U.S. Commodity Futures Trading Commission (CFTC) Commissioner Caroline Pham stated that crypto regulation does not require congressional legislation and can be advanced solely through rules formulated by regulatory agencies. She said the CFTC's regulatory jurisdiction covers almost everything, because the Commodity Exchange Act stipulates that, except for onions and movie box office revenue, virtually all items are considered commodities.

Odaily News: The Sui Foundation has announced a $30 million investment in DATA Network. As part of the strategic partnership, DATA Network will join the Sui tech stack and integrate with on-chain data storage platform Walrus. The Sui Foundation will become the largest institutional holder of DATA Network, alongside existing stakeholders PIP Labs and DATA Foundation. DATA Network will upgrade to a protocol running natively on Sui, its standalone chain will be retired, and existing DATA tokens will migrate to Sui at a 1:1 ratio. The original network will continue to operate until the transition is complete, and the Sui Foundation will release a detailed timeline ahead of the upgrade. Walrus will become the default storage layer for applications operated by DATA Foundation. DATA Foundation pivoted from general intellectual property infrastructure to AI training data in June of this year. Its Trace product, launched in June, is used to track the provenance and usage rights of AI training data and settle payments to data contributors. The Trace registry has recorded over 250 million contributions since launch and currently processes more than 3 million receipts per day. The co-founder and Chief Product Officer of Mysten Labs stated that the AI industry has entered a phase where open internet content has been fully read, and the next frontier is accessing consented datasets with the provenance proofs required for regulatory compliance. After DATA Network and Trace migrate to the Sui tech stack, they will provide large volumes of high-quality, rights-clear data that already serves leading AI labs globally.

Odaily News: South Korea's Financial Services Commission is pushing to expand the tokenized securities market from fractionalized investments in real estate and artworks to bonds and funds. The amendments to the subordinate regulations under the Electronic Securities Act and the Capital Markets Act have been open for legislative notice from the 2nd of this month to the 11th of next month, and are scheduled to take effect on February 4 next year. The amendments plan to include traditional securities such as stocks, bonds, and funds within the scope of tokenization. In the initial phase, priority will be given to offering institutional investors private money market funds, private bonds, and trust-based tokenized unlisted shares, while piloting publicly offered fractionalized investment securities. Publicly offered bonds and funds for retail investors will be expanded after the market stabilizes. Regulators also plan to set an annual net purchase cap of 100 million Korean won per platform for retail investors on over-the-counter trading platforms, and to allow non-financial institutions that meet conditions such as 4 billion Korean won in own capital to directly manage investor accounts.

According to Odaily, Lookonchain monitoring shows that an address previously went long on 24.42 million STRK with 3x leverage, with an unrealized profit of $1.05 million; 6 hours ago, the same address went long on 28.88 million W with 5x leverage, with a position value of $643,000. W rose 25% on the day.

According to Lookonchain monitoring, a whale sold 410.14 BTC worth $34.16 million on Hyperliquid, and then bought 14,341 ETH worth $36.14 million on a DEX.

Odaily News: On-chain analyst Murphy posted on X platform that from October 7 to 8, Bitcoin long-term holders (LTHs) transferred approximately 32,000 BTC to exchanges, marking the second-largest single-day inflow since the major sell-off on February 5 this year. However, during the same period, a U.S. government-related wallet transferred approximately 17,200 BTC to Coinbase Prime. Given that this platform serves as the official custodian and trading service provider for the U.S. Marshals Service, the related transfer does not necessarily indicate a sale. After excluding this portion, the notable potential selling pressure amounts to approximately 14,800 BTC, primarily from long-term holdings with coin ages of 6 to 12 months and 3 to 5 years.

Murphy noted that the long-term holder coins spent on October 8 had an average coin age of 712 days, higher than the 651 days on July 14, indicating that earlier holdings are gradually participating in turnover. He believes that long-term holder distribution during the bull-bear transition phase is not necessarily bearish. The phased release of selling pressure helps with coin redistribution, and the key lies in whether market demand can effectively absorb it. If new capital can digest the supply, sufficient turnover may actually reduce resistance for subsequent market movements.

1. Ledger Updates on Hardware Wallet Theft Incident: All Affected Devices Came from CryptoBilis; Ledger's Own Systems and Official Direct Sales Channels Were Unaffected;

2. XRP Ledger Foundation: Confirms No New XRP Was Created, Critical Vulnerability Has Been Patched;

3. Billionaire Adam Weitsman Announces He Has Purchased 117 Pudgy Penguins NFTs On-Chain;

4. SlowMist Cosine: Ledger Flex May Also Be Involved in the CryptoBilis Incident;

5. First Case of a Ledger Stax Implanted with Unauthorized Hardware Discovered, Capable of Transmitting User Seed Phrases to Attackers;

6. Arthur Hayes: FLOP Testnet Planned for Launch in the Coming Weeks;

7. Ethereum Foundation-Linked Wallet Transfers 4,393 ETH to Kraken, Worth $11.13 Million;

8. Russia's Largest Exchange, Moscow Exchange, Plans to Launch Regulated Cryptocurrency Trading on December 1.

Odaily News: Crypto trader Ansem posted on X platform stating that over the past few years, crypto assets have performed at historically low levels relative to other asset classes, primarily due to factors including talent flowing into the AI industry, insufficient innovation following the DeFi boom, and gold undergoing a massive value reassessment. Combined with the large-scale liquidation event in the altcoin market on October 10 last year, both institutional and retail sentiment and positioning allocation toward altcoins are currently at multi-year lows, potentially even hitting historic lows.

On the other hand, some altcoins currently possess characteristics such as reduced VC selling pressure, genuine product-market fit (PMF) built on crypto infrastructure, and benefits from an improving regulatory environment. Additionally, the massive paper gains generated by the AI supercycle could serve as a potential source of capital. He predicts that future market capital will become more concentrated in a select few tokens with fundamental support, and once these tokens attract buying interest, their prices could rise rapidly.

Odaily News: Jeonbuk Bank has launched the South Korean banking industry's first KRW loan program linked to digital assets. The program initially targets only corporate clients, with Bitcoin as the sole collateral, and loan proceeds are restricted to business operating funds. The bank does not directly hold or manage Bitcoin; custody is handled by a qualified virtual asset service provider. In the event of default, the bank does not take ownership of the virtual assets; instead, in accordance with the revised Civil Execution Rules, it liquidates the collateral through court auction and other procedures to recover the debt. Jeonbuk Bank has completed stress testing and established a valuation system based on the weighted average price across multiple global exchanges.

Odaily News: According to an official announcement, Binance will distribute Micron Technology (MU) stock dividends to users holding MUB through bStocks. After deducting applicable withholding taxes, fees, and other related expenses, the net cash dividend will be automatically reinvested in the same underlying security, and eligible users will receive dividends in the form of MUB stock tokens.

Users holding MUB balances on-chain will receive bStocks dividends through a multiplier adjustment. The snapshot time for this dividend eligibility is October 14, 2026, 8:00 (UTC+8), at which point users holding MUB balances will qualify for the dividend.

Odaily News — According to the latest data from Gate, the price of gold has risen to $4,209.27 per ounce, up 0.27% on the day. The price of silver has risen to $61.259 per ounce, up 0.53% on the day.

In forex, the US dollar fell 0.01% against the offshore Chinese yuan (USD/CNH) on the day, with the current exchange rate at 6.69188. The US dollar fell 0.04% against the Japanese yen (USD/JPY) on the day, with the current exchange rate at 158.114.

In global stock indices, the Euro Stoxx 50 Index (EUSTX50) rose 0.28% on the day to 6,190.22 points; the UK FTSE 100 Index (UK100) rose 0.09% on the day to 10,594.4 points; the German DAX 40 Index (GER40) rose 0.13% on the day to 25,225.4 points.

In commodities, WTI crude oil fell 1.76% on the day to $91.6 per barrel. Brent crude oil fell 0.36% on the day to $105.95 per barrel.

Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFDs), major indices, and commodities, achieving deep integration between crypto assets and traditional financial assets. Gate TradFi-related features have been fully integrated into the Gate App and Web platforms, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the diversified asset allocation experience.

Odaily reports that according to Gate data, Brent crude oil (XBRUSD) fell to $106/barrel, currently at $105.94/barrel, down 1.5% from the previous trading session's close.