Odaily reports that according to Lookonchain monitoring, an old wallet address had been operating securely for 8 years. After more than 4 years of dormancy, the address transferred funds to a new wallet one month ago, and subsequently CryptoBillis Ledger Drainer stole all 59 ETH from that wallet, worth $146,800.

Odaily reports: According to an official announcement, Papertrade, a synthetic perpetual protocol built on HyperEVM, is expected to launch for trading at 22:00 tonight, with deposits set to be paused at 13:45 UTC. As of now, the protocol's pre-deposits have exceeded $90 million, with a total of 7,280 addresses participating. Papertrade opened pre-deposits on the 9th, and once trading begins, the priority for account creation and deposits will be lowered.

Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM. It reads the BBO mid-price from the Hyperliquid order book, and users trade directly against the protocol's LP as the counterparty, rather than using traditional order book matching. It features high leverage, zero slippage, and no funding rates. The native token PAPER has an initial supply of zero, with no pre-mine, team, or VC allocation. The only source of minting is user losses or liquidations. In the initial launch phase, PAPER cannot be freely transferred and is primarily used for staking.

Odaily reports: On-chain detective Specter posted on X platform stating that Serpin issued a token and conducted an ICO for a project that originally did not need a token, and had previously said it would not issue a token; the project remained inactive at TGE, with the token only listed on Coinbase with low liquidity, and not listed on exchanges such as MEXC or KuCoin. Specter stated that participants need to go through a lengthy verification process to recover 85% of their funds, and questioned why the project team does not fully refund participants for its own decisions and mistakes; the project was originally planned to conduct its TGE in September, but was later delayed.

Odaily News: OneKey founder Yishi posted a statement saying that the recent asset loss incidents involving Ledger users have drawn community attention to the security of hardware wallets. The risk may not come from the secure chip itself, but rather from the gap between the protected chip and the display screen that users trust — the so-called "last centimeter." Hardware wallet security needs to cover the entire process of production, transportation, storage, and distribution. Users are advised to purchase devices through official channels, complete packaging inspections and official verification, as sensitive data may be exposed during transmission.

Yishi stated that as of October 10, OneKey has not received any reports of user fund losses caused by this incident. In response to supply chain attack risks, the company plans to make improvements across multiple areas, including packaging, mnemonic phrase display pathways, motherboard communication, reseller authorization, and user verification information. Among these, OneKey will introduce a backup process that does not require displaying the mnemonic phrase on the device screen, and will prioritize strengthening encryption of sensitive internal communication links on the motherboard to reduce the risk of hardware implant attacks obtaining recovery phrases.

According to official data, 24 hours after Gate WCTC S9 global trading competition opened registration, cumulative registrations surpassed 21,000, with 2,454 teams already formed. This season's competition features a super prize pool of up to 6,000,000 USDT, dynamically unlocked based on the number of valid traders, covering multiple tracks including spot, ETF, flash swap, stocks, futures, and TradFi.

The team competition offers a maximum prize pool of 3,200,000 USDT, with rankings based on platform-wide trading volume, CFD trading volume, and returns, split into first and second halves; the individual competition offers a maximum prize pool of 400,000 USDT. In addition, the competition features a BTC/USDT event contract PK with a prize pool of up to 400,000 USDT, a Lucky Launchpad with a 725,000 USDT prize pool, as well as a 1,000,000 USDT peripheral activity prize pool and 275,000 USDT in fixed bonus rewards, covering scenarios such as team assembly, new user participation, and livestream interaction.

It is reported that Gate WCTC S9 will officially kick off on October 26 at 16:00 (UTC+8) and run until November 25 at 16:00 (UTC+8). Users can register before November 25 and join the team competition or participate in the individual competition according to the competition rules.

Odaily reports that the Triple-A attacker has transferred 4,970 ETH (worth approximately $12.4 million) to Tornado Cash. The hacker stole assets from the proprietary vault of payment service provider Triple-A in July of this year, with publicly estimated losses of approximately $11.8 million. After bridging the funds to Ethereum and swapping them, the attacker split the funds into two intermediate addresses on September 6; on October 9, the funds were consolidated through a single wallet and deposited into Tornado Cash in 49 transactions of 100 ETH each and 7 transactions of 10 ETH each, totaling 56 transactions, with one fund flow also containing an earlier mixer withdrawal. Triple-A previously stated that the incident did not affect customer funds.

Odaily News — A whale trader on Hyperliquid holds a short position of 391.48 BTC, valued at $32.36 million, with an average entry price of $82,863.10. The account has $7.19 million in equity, uses cross margin with 13x leverage, and has a liquidation price of $99,801.20.

According to Hyperbot data, the account has executed a total of 4,726 trades, with perpetual contract profits of $952,200 over the past week and a maximum drawdown of 11.03%. As of the time of disclosure, the short position is profitable by approximately $75,500, with funding fees of $64,249.75.

This position emerged on the one-year anniversary of the massive crypto market liquidation event on October 10, 2025. Hyperliquid's Bitcoin market open interest is approximately 38,040 BTC, with this account's position accounting for about 1% of it.

Coinglass data shows that if Bitcoin rises to $85,000, approximately $3.3 billion in short positions would face liquidation. Polymarket data indicates that the probability of Bitcoin reaching $100,000 before December 31, 2026, is 27.5%. On October 9, spot Bitcoin ETFs saw net inflows of $21.13 million, with BlackRock's IBIT leading the way. (Bitcoin.com News)

Odaily News: Blockchain ecosystem project CogniGrid (CG) has announced that its ecosystem platform is scheduled to officially launch globally on October 12, 2026, with the AI quantitative trading functionality module opening simultaneously. The platform is building its ecosystem around intelligent computing power and AI quantitative trading applications, aiming to promote the integrated development of intelligent technology and digital finance application scenarios.

The official launch schedule shows that partner sales will close on October 10, and the period from October 10 to 12 will be dedicated to data migration, system deployment, and launch preparation. Upon completion of these tasks, the platform will officially commence its global launch on October 12, ushering in a new phase for subsequent ecosystem development and market expansion.

Odaily News: Bitcoin life insurance company Meanwhile has announced the completion of a $37.5 million funding round led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital, among others. The company's cumulative funding has now exceeded $180 million.

Meanwhile is headquartered in Bermuda and is licensed to conduct insurance business entirely in Bitcoin. The company stated that an unstable macroeconomic environment has driven increased demand for Bitcoin life insurance policies in markets across Asia, Europe, and the Middle East.

In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life insurance product, for high-net-worth clients outside the United States, following the earlier launch of BTC 10-Pay for U.S. taxpayers. Policies can be held by individuals, trusts, or corporations for inheritance and estate planning purposes. (Cointelegraph)

Odaily reports that the State Tax Inspectorate of Lithuania has updated the user reporting procedures for crypto asset service providers. Through Order No. VA-63, it has clarified the reporting scope and operational standards, aligning the country's rules with the EU's DAC8 and the OECD's Crypto-Asset Reporting Framework (CARF).

The new rules require regulated crypto asset service providers and local crypto operators to enhance customer due diligence, collect user identity, transaction records, and tax residency information, and maintain records of customer identification numbers, transaction logs, and account balances. Entities that have already completed registration and reporting obligations in other EU member states may be exempt from duplicate reporting in Lithuania.

Full operational reporting across the EU will begin on January 1, 2026, with data collected by platforms in 2026 to be automatically exchanged among member state tax authorities starting mid-2027. The new rules do not change Lithuania's virtual asset capital gains tax rate, but relevant institutions will need to update their client onboarding processes and back-end systems.

Starting March 2, certain transactions involving electronic money tokens (EMTs) will require additional payment service authorization, including transferring EMTs on behalf of clients and operating custodial wallets that support third-party transfers; exchanges between EMTs and exchanges between EMTs and fiat currency are not automatically classified as payment services. (Bitcoin.com News)

According to Lookonchain monitoring, over the past 3 days, two newly created wallets withdrew 280.75 million Lobster tokens from exchanges, worth $12.21 million, accounting for 28.08% of the total supply.

Odaily reports that according to Lookonchain monitoring, two addresses went long on 7.2 million SYN on Aster DEX, worth $1.34 million, with a current unrealized profit of $450,000 and a peak return of 116%.

Odaily News: Bitdeer stated that as of October 9, it produced 300.6 BTC this week and sold all of them, with a net increase of 0. Its current Bitcoin holdings are 0, excluding customer deposits.

Odaily reports: Data from the Shanghai Stock Exchange shows that in September, 1.9119 million new A-share accounts were opened, of which 1.8997 million were new individual investor accounts and 12,200 were new institutional accounts. The number of new individual accounts fell below 2 million for the first time this year, while new institutional accounts remained above 10,000, higher than in January, February, April, and May.

Looking at the monthly trend, this year's new account data has shown a pattern of "a high start, a pullback, another surge, a pullback, stabilization, and cooling." In January, 4.9158 million new accounts were opened at the market's peak, the highest level of the year; in February, it fell seasonally to 2.523 million; in March, it rebounded to 4.6014 million. From April to August, new account numbers then fluctuated around 2.6 million, at 2.4913 million, 2.7653 million, 2.8646 million, 2.6554 million, and 2.3973 million, respectively. In September, it hit a monthly low for the year, falling below 2 million for the first time.

Although September's monthly new account openings hit a new low for the year, A-share new account openings in the first three quarters reached 27.1259 million, nearly matching the full-year 2025 figure of 27.4369 million. The drop in A-share new account openings in September may be related to a temporary weakening of the wealth effect in the A-share market. (Securities Times)

Odaily News: LONG, an RWA liquidity and token issuance platform on Robinhood Chain, announced that its protocol extension layer LONGX has launched an actively managed basket product that packages multiple long/short leveraged positions into a one-click tradable spot ERC20 token, with the community holding economic rights and participating in management.

The first basket, AI Nexus, has gone live on LONG. Its strategy includes going long on AI-related assets such as NVDA, AI, and OPENAI, while hedging tech sector risk by shorting QQQ. According to the accompanying graphic, long leverage is approximately 1x to 3x, and short leverage is 2x, powered by Lighter. Additionally, LONGX plans to launch a community management model next week, where AI holders will decide the composition of basket assets.

Odaily reports that the Hyperliquid network is scheduled to upgrade around 16:15 Beijing Time today (8:15 UTC), with an expected downtime of approximately 10 minutes.