Odaily News: As of October 7, Hyperliquid's cumulative protocol revenue has exceeded $1.4 billion, of which native perpetual contract revenue accounts for $1.2 billion, or 88.7%; spot revenue accounts for $50.1 million, or 3.6%; HIP-3 perpetual contract revenue accounts for $29.2 million, or 2.1%; the remaining revenue comes from auctions, USDC reserve yield, HyperEVM Gas, and others. More than $1.26 billion has been used to buy back HYPE.
1. Bitcoin spot ETFs saw a total net inflow of $21.1281 million yesterday, with BlackRock's IBIT leading at $22.38 million in net inflows;
2. Ethereum spot ETFs saw a total net outflow of $56.1001 million yesterday, marking 9 consecutive days of net outflows;
3. Robinhood Chain's average daily transactions dropped 42%, with spot trading volume falling to $7.45 billion;
4. Analysis: Ethereum still holds reserve asset value, with 36% of its supply already staked;
5. Trump: Oil shipments through the Strait of Hormuz have surpassed pre-Iran war levels, urges US oil companies to lower prices;
6. Former FTX COO criticizes Netflix's new show "The Altruists" for inaccuracies, turning the FTX scandal into a love story;
7. Pump.fun is developing perpetual contract trading functionality powered by Hyperliquid;
8. Franklin Templeton, with $1.79 trillion in assets under management, explores regulatory exemption for tokenized fund trading;
9. Ending with a loss of $907,000, Binance futures smart money trader "Single Wife" who once had $2.19 million in unrealized gains exits holding 18.29 million Lobster tokens;
10. The US National Credit Union Administration plans to add 26 new stablecoin reporting fields;
11. An 11-year-old vulnerability has been fixed — the XRP Ledger previously had a payment system flaw that could generate XRP out of thin air.
Odaily News — Blockworks analyst Jake Koch-Gallup published a piece rebutting the view that Ethereum is losing its liquidity moat, arguing that although ETH's value capture capability and stablecoin market share face challenges, its reserve asset properties, Layer 2 ecosystem, and institutional adoption still constitute long-term competitive advantages.
Jake pointed out that ETH's valuation depends not only on real economic value (REV), but also includes reserve asset and collateral premiums, with its current market cap at approximately 1,100 times its REV over the past 12 months. Ethereum still accounts for roughly 65% of DeFi's total value locked and about 45% of on-chain RWA management scale. Spot ETFs and corporate treasuries collectively hold approximately 13% of ETH's supply, while another roughly 36% of the supply is in staking.
Additionally, he believes that the development of Layer 2 networks such as Base and Robinhood Chain still helps strengthen the Ethereum ecosystem, and the overall expansion of the stablecoin market may also offset the impact of declining share. However, he acknowledged that without sufficient revenue and value回流 mechanisms, relying solely on reserve asset premiums to support ETH's valuation still faces sustainability debates.
Odaily News: According to on-chain analyst Aunt Ai's monitoring, a whale that began accumulating $11.6 million worth of UNI, Litecoin, and BNB starting September 23 appears to be liquidating its BNB. The whale deposited 2,380 BNB worth $1.85 million to Binance within 20 minutes, which would result in a loss of $73,000 if sold; it holds 1,014,020 UNI worth $8.91 million, with an average withdrawal price of $8.79, currently showing an unrealized loss of $1.409 million; it holds 12,397 Litecoin worth $841,000, with an average withdrawal price of $67.86, currently showing an unrealized loss of $54,000. The three altcoins have accumulated a total loss of $1.536 million.
Odaily reports: Robinhood Chain recorded an average of 6.2 million daily transactions between October 2 and 8, a 42% decrease from mid-September; daily active addresses fell 31%.
Robinhood Chain's weekly spot trading volume dropped 21% to $7.45 billion, but deposits remain above $1 billion, while perpetual contract trading volume rose 26%.
Robinhood will continue to cover network fees for token swaps exceeding 50 cents through December 31 in an effort to boost network activity. (CoinDesk)
Odaily News: According to SoSoValue data, yesterday (US Eastern Time, October 9), Ethereum spot ETFs recorded a total net outflow of $56,100,100.
The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF ETHA, with a single-day net outflow of $56,100,100. ETHA's historical total net inflow currently stands at $12.793 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $15.710 billion, with the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reaching 5.18%, and cumulative historical net inflows totaling $13.260 billion.
Odaily News: According to SoSoValue data, yesterday (October 9, US Eastern Time), Bitcoin spot ETFs recorded a total net inflow of $21,128,100.
The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $22,380,000. IBIT's total historical net inflow now stands at $65.733 billion.
Next was VanEck ETF HODL, with a single-day net inflow of $2,328,600. HODL's total historical net inflow now stands at $1.009 billion.
The Bitcoin spot ETF with the highest single-day net outflow yesterday was Fidelity ETF FBTC, with a single-day net outflow of $3,580,500. FBTC's total historical net inflow now stands at $10.515 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is $105.844 billion, with the ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) reaching 6.38%. Cumulative historical net inflows have reached $57.107 billion.
Odaily: XRP Ledger recently fixed a payment system vulnerability that may date back to 2015. The vulnerability could have allowed attackers to bypass the system's calculation limits on token exchange amounts through specially crafted payment transactions, generating and spending large amounts of XRP out of thin air, thereby undermining the mechanism capping XRP's total supply at 100 billion tokens. An attacker could create hundreds of accounts, have these accounts place offers to exchange small amounts of tokens for massive amounts of XRP, and then settle them all simultaneously through a single payment. Due to a flaw in the software's calculation of the total transaction amount, the seller accounts could receive the full amount of XRP while the buyer accounts would barely need to pay the corresponding amount. Researchers Cayden Liao and Veria AI reported the vulnerability on September 22, and RippleX subsequently reproduced the attack and confirmed that the generated XRP could be used in subsequent transactions. RippleX stated that there is currently no evidence that the vulnerability was ever exploited on any public network. The development team released xrpld version 3.4.1 on September 25 to fix the vulnerability.
According to OKX market data, MAGIC's gain over the past 24 hours has widened to 130%, now trading at $0.1532, with its market cap rising to $53 million.
Odaily report: The U.S. National Credit Union Administration (NCUA) released a stablecoin reporting proposal on October 9, which would add 26 new data fields to the quarterly financial report Form 5300, applicable to federally insured credit unions engaged in stablecoin business, with a target reporting implementation date of March 31, 2027.
Among the proposed new fields, 8 involve reserve assets held for authorized third-party issuers, 9 involve cryptographic key custody and control, 5 involve financial exposure to issuers, and 4 involve payment stablecoins held on institutional balance sheets.
The information collection is expected to cover 4,224 federally insured credit unions, with an annual reporting burden of 794,112 hours, and a complete quarterly report requiring an average of 47 hours. The NCUA will seek public comment before December 8, and the feedback will be publicly submitted as part of the approval application. (Bitcoin.com News)
Odaily News: The 21 Binance accounts associated with US-sanctioned Iranian financier Babak Zanjani had a trading volume of approximately $850 million, with at least $67 million flowing to wallets linked to Iran's Islamic Revolutionary Guard Corps (IRGC). Binance "high-value customer" Sukhrob Oimakhmadov received over $10 million, with his account logging in from Tehran multiple times. Binance stated that it has banned the relevant accounts and noted that total transaction volume does not equate to funds flowing to the IRGC.
According to Lookonchain monitoring, SkyAI holds over 2 million SOL, worth approximately $220 million. In the past 3 days, SkyAI transferred 568,000 SOL to exchanges, worth $63.87 million. Its average purchase price was approximately $194, and it would incur a loss of approximately $46 million if sold.
Odaily News: According to SoSoValue data, yesterday (October 9, US Eastern Time), SOL spot ETFs recorded a total daily net outflow of $3,759,900.
Yesterday, only the Bitwise Solana Staking ETF (BSOL) saw a net outflow, with a single-day net outflow of $3,759,900. Its total historical net inflow currently stands at $1.199 billion.
As of press time, the total net asset value of SOL spot ETFs is $1.735 billion, with a SOL net asset ratio of 2.70%. Cumulative historical net inflow has reached $1.583 billion.
Odaily reports: According to on-chain analyst Auntie Ai, the Binance Futures smart money account "Single Wife," which once had an unrealized profit of $2.19 million from a single long position on Lobster, ultimately exited at a loss of $907,000. The account held 18.29 million Lobster tokens, valued at $5.75 million at peak, with an entry price of $0.1277. After holding for one month, the position was closed on October 2 at an average price of $0.09374. Lobster had reached an all-time high of $0.3143 on September 21.
Odaily reports: A survey by payment technology company Visa shows that nearly half of consumers in the Asia-Pacific region may use stablecoins within the next five years, higher than the 16% who actually used stablecoins in the past year.
The survey shows that only 6% of respondents accurately understand how stablecoins work, and concerns about fraud and scams remain the primary obstacle to stablecoin adoption. Consumer interest in using stablecoins for everyday spending, travel payments, and cross-border transfers is increasing. (CoinDesk)
Odaily News: According to monitoring by on-chain analyst Yu Jin, a whale address (0x11b...e3B6) with the Polymarket username web3vc withdrew 1.793 million UNI from the lending platform Venus 20 minutes ago and then transferred it to Binance, worth $13.18 million. If sold, these UNI would incur a loss of $3.17 million; last year, it withdrew these UNI from Binance at an average price of about $9.12, moved them to the BSC chain, and deposited them into Venus.
