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.

Odaily News — According to on-chain analyst Ember, 4 hours ago, 2 wallets associated with the Ethereum Foundation (0x4c4...2b94, 0x999...0229) transferred 4,393 ETH to Kraken, worth $11.13 million. The wallet that transferred out ETH today received 59,800 ETH from an Ethereum Foundation wallet 10 years ago, of which 49,800 ETH was gradually transferred to Kraken over the past 10 years at an average price of approximately $658.

Odaily reports: Coinbase CEO Brian Armstrong posted on X that after fine-tuning the open-weight model Qwen3.5-9B using Coinbase's internal proprietary data, the model surpassed frontier large models in the specific task of fraud prevention, while significantly reducing costs and running faster.

Armstrong believes that in the future, enterprises will increasingly adopt the approach of fine-tuning specialized models for specific tasks, and specialized models are expected to surpass general-purpose frontier models in certain niche tasks. Currently, Coinbase has integrated a model fine-tuning Skill into its internal AI tool framework, allowing employees to initiate the model fine-tuning and deployment process through simple instructions. He also predicts that in the future, some backend services may be completely replaced by this new architecture.

Odaily reports: A research report from CICC states that in the first half of 2026, the A-share technology growth style benefited from high prosperity in areas such as the AI industry chain and high-end manufacturing, continuing its structural market performance. Since July, negative narratives surrounding the global AI industry chain have increased, combined with tightening expectations for overseas liquidity and rising uncertainty in Middle East geopolitical tensions, the growth sectors that had previously performed strongly in the A-share market have undergone significant corrections. Against the backdrop of increased volatility in the growth style and declining market risk appetite, the relative allocation value of dividend assets deserves renewed consideration.

Overall, in an environment characterized by limited elasticity in aggregate growth, the coexistence of structural high prosperity and increased volatility in market risk appetite, the barbell-shaped structure of "tech + dividends" is expected to become an allocation choice that balances profit growth elasticity, shareholder cash returns, and portfolio stability. On the technology side, it is recommended to focus on companies with clear industry trends, long-term competitive advantages, and the ability to deliver on earnings; on the dividend side, focus on high-quality companies with stable earnings and cash flow, sustainable dividends, and reasonable valuations. (Jinshi)

Odaily News: The crypto market remains range-bound. Bitcoin rose 0.82% this morning, breaking above $84,000, while Ethereum is trading at $2,535, BNB at $754, and SOL at $111. The total crypto market cap declined 0.3% in 24 hours to $2.894 trillion.

In terms of sectors, Layer 2 scaling and modular sectors stood out. MAGIC surged 38.96% in 24 hours to $0.1359, while S, W, LUMIA, PLUME, and STRK gained 27.81%, 24.26%, 21.44%, 21.21%, and 20.52% respectively.

Odaily News: According to Gate data, Germany's DAX 40 (GER40) has risen above 25,200 points, currently at 25,210.40, up 0.2% from the previous trading session's close.

According to Odaily, citing Gate data, South Korea's KOSPI index fell more than 1% intraday, with SK Hynix down 2.44% and Samsung Electronics down 2.42%.

Odaily News: The XRP Ledger Foundation posted on the X platform to clarify the recent XRP Ledger security vulnerability incident, stating that the vulnerability could potentially have been used to bypass the limit that fixes XRP's total supply at 100 billion, but it was fixed two weeks ago via version 3.4.1. Furthermore, upon verification, no new XRP was found to have been created, and the total amount of XRP currently circulating on the ledger is approximately 99.986 billion.

The Foundation stated that the vulnerability would have required hundreds of deliberately constructed operations to trigger, and normal payment transactions would almost never involve it. In the future, it will strengthen formal verification, AI adversarial testing, security research collaboration, and bug bounty programs with RippleX and the community. Regarding the fix process, the Foundation explained that publicly releasing a patch could allow attackers to use AI to accelerate vulnerability analysis. To address this situation, the XRPL community engaged in coordination. Participating parties including the XRP Ledger Foundation, RippleX, core developers, and validators reached a social consensus and agreed to adopt the approach of directly releasing the fix. In addition, version 3.4.1 only became a version the network was required to adopt after going through the normal amendment voting process and receiving support from more than 80% of validators for two consecutive weeks. Protocol changes still need to be completed through the amendment mechanism.

Previously, RippleX engineering lead J. Ayo Akinyele also posted on the X platform, stating that he attaches great importance to the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine. This vulnerability is a serious security issue that has existed in the codebase for more than 10 years and could theoretically lead to the over-creation of XRP, breaking through the fixed supply cap. However, before the vulnerability could be exploited, it was discovered by the security research firm Veria AI through Ripple's bug bounty program.

According to Odaily, billionaire Adam Weitsman posted on X platform that he purchased 117 Pudgy Penguins NFTs on-chain this weekend. Adam Weitsman stated that Pudgy Penguins is one of his favorite NFT collections, and he hopes this purchase will support the project, adding that "the penguin community will continue to stay strong."

Odaily reports that Arthur Hayes posted on X that he received cellular medicine services through VeritaHealthHQ during Token2049 and shared the development approach of FLOP Labs. He has now returned to work, and the FLOP Testnet will go live in a few weeks.

Odaily reports that SlowMist's Cos posted on X platform stating that the strongly correlated cases he is following up on include the Ledger Flex; in addition to the widely known Ledger Nano X, Ledger's mainstream series may have been tampered with at its reseller CryptoBills.

Odaily reports that data shows the probability of the Fed raising rates by 25 basis points in October has dropped to 17%, while the probability of keeping rates unchanged has risen to 84%. The trading volume for related prediction events has reached $32 million.