Odaily reports: Crypto trader Rune stated on X platform that PaperTrade's official documentation has actually disclosed a "vulnerability" risk in the protocol-level pricing mechanism. According to the document screenshots he shared, attackers can exploit the BBO (Best Bid and Offer) of the Hyperliquid order book for price manipulation. This risk involves unresolved price manipulation paths, contract economic mechanisms and risk exposure controls, as well as operational-level protective measures and permission management mechanisms.

Additionally, Rune retweeted a post by community user boblob, which revealed that two wallets were suspected of actively exploiting and "attacking" the PaperTrade platform, conducting trades worth approximately $20 million that briefly caused ETH price fluctuations of about 10-20 basis points on the Hyperliquid platform. boblob further added that the obvious issues currently present in the PaperTrade protocol need to be fixed as soon as possible, otherwise they may affect the protocol's long-term sustainability.

Odaily reports that at 10:53 Beijing Time, USDC Treasury minted an additional 250 million USDC on the Solana network.

Odaily News: J. Ayo Akinyele, Engineering Lead at RippleX, posted on X platform stating that they take the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine very seriously. The vulnerability is a severe security issue that has existed in the codebase for over 10 years and could theoretically lead to the over-creation of XRP, breaching the fixed supply cap. However, the vulnerability was discovered by security research firm Veria AI through Ripple's bug bounty program before it could be exploited.

J. Ayo Akinyele further added that the Ripple team quickly developed and tested a fix, working closely with validator nodes to complete the network upgrade, and patched the vulnerability before its public disclosure. Currently, AI is changing the speed of vulnerability discovery, and XRPL needs to further enhance its security response capabilities. RippleX will strengthen its bug bounty program, expand AI-assisted vulnerability hunting and adversarial testing, review long-standing code in the payment engine, consensus mechanism, and P2P network, while advancing formal verification of critical modules and reducing potential risks through systematic security hardening. The goal is not just to fix a single vulnerability, but to identify and eliminate potential risks in XRPL's legacy code, making the network more difficult to attack.

Odaily reports that according to Onchain Lens monitoring, a whale accumulated 26,100 ZEC, worth $31.93 million, bought and withdrawn from Binance and Kraken within minutes. Among them, 17,770 ZEC, worth $21.76 million, were bought and withdrawn from Binance; 8,300 ZEC, worth $10.17 million, were bought and withdrawn from Kraken.

According to Lookonchain monitoring, an address created a new wallet yesterday and went long on 24.42 million STRK with 3x leverage, worth $2.9 million, and currently has an unrealized profit of $1.05 million.

1. One year after the "1011" crash: Crypto market sees over $19 billion in single-day liquidations, BTC once plunged 12.7% in half an hour;

2. Tom Lee: Ethereum may break $5,000 by year-end, this cycle could potentially hit $50,000;

3. CZ: Not opposed to hardware wallets, different wallet products suit different scenarios;

4. Meme coin launchpad daily trading volume still reaches $550 million, a significant increase from several months ago;

5. Pump.fun co-founder: Callout Rewards will adjust its incentive mechanism, de-emphasizing trading volume and focusing on follower profitability;

6. Supply chain attack confirmed, Ledger says at least one affected user device contained unauthorized hardware implant;

7. Kyle Samani: Largest personal angel investment has been made in Backpack;

8. CZ calls related accusations "far-fetched," Binance says depegging only began after Bitcoin bottomed;

9. French National Assembly Finance Committee passes stablecoin conversion tax and crypto exit tax amendments, then rejects budget revenue section by a vote of 31 to 3;

10. Virtual asset trading commission income falls 13.5% quarter-over-quarter, Hong Kong SFC releases securities industry financial review report;

11. Holdings valued at approximately $880 million, Morgan Stanley's total Bitcoin holdings rise to 10,639 BTC;

12. Analyst: BTC's current price action resembles late 2025 to early 2026, $80,500 may be a key near-term support level.

According to GMGN market data, the market cap of SOL ecosystem Meme coin CLAUDIA briefly surpassed $9 million, before falling back to approximately $8 million, with an intraday gain of over 580%.

Regarding the related narrative, CLAUDIA is built around an AI character IP designed by AI creator Anabology, and has recently drawn attention from a16z co-founder Marc Andreessen. Community opinion holds that CLAUDIA's core narrative lies in its AI character IP and its commercialization potential. The developer recently interacted with Musk and plans to use trading fees for AI film production, with related merchandise potentially launching in the future.

Odaily reminds readers that Meme coin prices are highly volatile and susceptible to market sentiment and trending events. Please be aware of trading risks.

Odaily reports: A Malaysian man's crypto wallet is suspected of being hacked, resulting in a loss of approximately 12.47 million ringgit in crypto assets, equivalent to about $3.05 million. The Perak State Police Chief stated that the victim discovered on the afternoon of October 9 that a crypto asset in his digital wallet had been transferred out without his knowledge or consent. Preliminary investigations show that the relevant transaction was conducted through a blockchain network. Police are cooperating with the Cryptocurrency Special Task Force of the Commercial Crime Investigation Department to trace the flow of funds and investigate those involved.

Odaily reports that Pump.fun co-founder Alon posted that significant adjustments will be made to the Callout Rewards program in the coming days, with some changes taking effect starting with today's reward distribution.

The adjustments include reducing the reward weight for Callouts on low-market-cap tokens, no longer using trading volume as the primary basis for rewards, and instead focusing on the actual profitability of followers. Alon stated that the new mechanism aims to enable Callouts to create wealth effects for more participants, rather than benefiting only a small number of skilled traders. In the future, if participants cannot consistently help followers profit, their chances of receiving rewards will be significantly reduced.

Odaily report: Crypto analyst Drallio stated that daily trading volume across major meme coin launchpads currently remains at approximately $550 million, a significant increase from levels seen several months ago.

According to statistics, in mid-July, daily trading volume on meme coin launchpads was approximately $200 million, and in early September it briefly surpassed $1.8 billion. Despite a recent pullback, current levels remain notably higher than those in July.

According to OKX market data, STRK has broken above $0.1 and is now trading at $0.1022, with a 24-hour gain of 40.4%.

Odaily: On October 11, 2025, the crypto market suffered a historic crash, with total single-day liquidations across the network exceeding $19 billion, setting a record. At the time, Bitcoin had just hit an all-time high of $126,080 on October 7, but at around 16:50 Beijing time on October 11, the BTC price fell from approximately $116,900 to $102,000 within 30 minutes, a drop of 12.7%.

During the crash, several trading platforms experienced extreme price deviations. ATOM briefly dropped to $0.001 on Binance, while its lowest price on Coinbase was $3.56; on Binance, wBETH briefly fell to $430, BNSOL dropped to $34.90, and USDe fell to $0.65. After the incident, Binance paid approximately $283 million in compensation to affected users.

Additionally, on-chain data shows that a Hyperliquid whale completed an approximately $400 million BTC short position before Trump released tariff-related news, sparking speculation about insider trading. Arkham had referred to the whale as the "Trump Insider Whale," but Garrett Jin, a person associated with the relevant address, denied any connection to Trump, and the allegations remain unverified to this day.

Odaily News — According to on-chain analyst Ember Monitoring, POAP founder @worthalter transferred another 4,000 ETH, worth $10.02 million, to the exchange Gemini 6 hours ago. Over 6 days, he reduced his holdings by 8,000 ETH at an average price of $2,601. He currently still holds 51,468 ETH, worth $129 million.

Odaily reports: Bitcoin News posted on X platform that Ledger has confirmed at least one affected user's device contained an unauthorized hardware implant, and is currently investigating the matter with relevant authorities and SEAL_911. Hardware wallet reseller CryptoBilis has suspended sales of all hardware wallets. Ledger stated there is currently no indication that its internal security infrastructure, systems, or services have been compromised. Ledger advises users who purchased devices from CryptoBilis and have not yet completed setup to refrain from doing so; users who have already completed setup should consider generating a new seed phrase and transferring their Bitcoin to a new hardware wallet. Ledger also stated it is developing additional tamper-proof protections.

Odaily: Bitcoin News posted on X that CZ called the accusations "far-fetched." Binance stated that Bitcoin bottomed at 21:20 UTC, and the depegging event began at 21:36; Ethena's and Dragonfly's Haseeb Qureshi said the timeline does not match. Star Xu replied that Bitcoin fell first, and the leverage loop further exacerbated the decline.