Odaily reports that Bitcoin Treasuries posted on X that Citi has raised its target price for Bitcoin treasury company Strategy from $136 to $240, citing an upward revision to its Bitcoin price forecast. The target price implies 50% upside from the current price.

Odaily reports that THORChain has announced that the ZEC liquidity pool is now live. The network completed a node churn, and all nodes have begun monitoring the Zcash chain. THORChain stated that trading functionality will be the next step; current liquidity is relatively shallow, and early traders should be aware of risks such as slippage. Previously, THORChain added native Zcash support in a protocol upgrade, including UTXO handling, RPC logic, and a ZEC price oracle, and continues to advance mainnet integration.

Odaily reports that Arthur Hayes stated that U.S. policymakers may support the AI industry and government debt financing through money printing, driving cryptocurrency prices higher; if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets. He is also monitoring financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads.

Catrina Wang, General Partner at Portal Ventures, said that banks and asset management companies have advantages in on-chain financial markets thanks to their existing client relationships. Todd McDonald, co-founder of R3, pointed out that public blockchains can help institutions reach clients beyond their own networks; Justin Kugel, Executive Vice President of Growth at World Liberty Financial, said that user demand for asset management and investment evaluation still leaves room for intermediaries.

Chetan Karkhanis, Senior Vice President of Digital Asset Client Relationships at Franklin Templeton, said the company has no intention of issuing its own stablecoin and hopes tokenized money market funds will provide investment returns. Haonan Li, co-founder and CEO of Codex, said that trade routes connecting Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments; buyers pay eastward for goods, while manufactured products flow westward.

Ilya Podoynitsyn, co-founder and CEO of FinHarbor, said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect daily operations. Michael Camarda, Chief Development Officer of Ethereum treasury company SharpLink, said that both buying back shares and increasing ETH holdings can raise ETH per share; the company has adopted both methods to meet the preferences of institutional and retail investors. (Cointelegraph)

Odaily News: QCP noted that Bitcoin broke out of its range to reach $86,913, the highest since September 23, up 14.6% from its September 15 low. Over the same period, the 30-year U.S. Treasury yield hit 5.62%, while the 10-year yield rose as high as 5.29%; real rates rose 44 basis points in September, while breakeven inflation barely moved. Gold fell 8.5%, while Bitcoin rose 12%. QCP believes this rally was driven by concentrated capital flows, with spot ETFs seeing inflows of $3.5 billion and $2.6 billion in August and September, respectively.

Odaily reports: Deribit posted on X that the migration of Deribit and Coinbase International has been completed, with both customers and liquidity now consolidated onto Deribit. Users can trade spot, options, perpetual contracts, and futures across crypto, equities, and pre-IPO markets on the same platform.

Odaily News: Crypto custody company Copper has launched institutional trading services for Hyperliquid perpetual contracts, allowing clients to trade through API and platform interface while keeping assets secured in its non-custodial MPC infrastructure.

Odaily reports that Adam, a researcher at Greeks.live, posted on X that on October 2, 30,500 BTC options expired, with a Put Call Ratio of 1.07, a max pain point of $82,000, and a notional value of $2.63 billion; 116,000 ETH options expired, with a Put Call Ratio of 1.17, a max pain point of $2,660, and a notional value of $320 million. On the first weekly expiry day after the quarterly delivery, the BTC price rebounded significantly on the delivery day, block trades in call options were active, and BTC has been fluctuating around $85,000 for more than a week.

Adam said that this week, implied volatility across major tenors declined compared with last week and rebounded compared with two weeks ago, and is currently at a low since the start of this bull market; the trend in monthly realized volatility was similar, and the volatility risk premium across major tenors all declined. The peak Gex is at and above $90,000, and Gex in the downside direction has become dispersed again. After cryptocurrency experienced a 10-month bear market, this cycle has already seen a small bull market lasting more than a month, and it is currently in a sideways correction phase, with market sentiment having improved somewhat.

Odaily News: Spanish police have arrested a 16-year-old Romanian national in Alicante on suspicion of being the administrator and primary operator of the KillSec ransomware group. Europol stated that law enforcement agencies have seized control of the group's servers and leak site, and preserved at least 110 TB of stolen data.

The operation involved searches at 8 residences across Spain, Greece, Romania, and the United Kingdom, investigating approximately 1,000 suspected attacks worldwide, of which about 500 have been confirmed successful. Two other suspects in their 20s were arrested in the UK and Romania respectively, while a Dutch national residing in the UK was indicted and arrested in Puerto Rico, awaiting extradition.

KillSec has been active since around 2024, often demanding ransoms in cryptocurrency and carrying out double extortion through encrypted servers and threats to publish stolen data. Investigators are tracing the group's proceeds, including cryptocurrency; Europol's European Cybercrime Centre provided cryptocurrency tracing and digital forensics support. (Decrypt)

Odaily reports that Forward Industries added nearly 949,000 SOL last quarter, bringing its total holdings to 8.5 million SOL, approximately 1.4% of SOL's circulating supply. The company stated that the average cost of its SOL purchases during the quarter was $83.

According to on-chain analyst Ember Monitoring, an address suspected to belong to an Aave team member (0x0c94...8297b) has sold 50,000 AAVE over the past week for $8 million, at an average price of $160. Between October 2020 and October 2021, this address received 108,000 AAVE vested from the Aave Team wallet; after selling, it still holds 30,000 AAVE, worth $5.5 million.

Odaily News: According to Odaily Meme Express monitoring, the market cap of SGT on Robinhood has surpassed $4 million.

It is reported that Sight is building an on-chain prediction market on Robinhood Chain, covering markets such as crypto assets and real-world events, and plans to support multiple chains. In the coming week, prediction markets for stock tokens, new meme tokens, NFT collections, and real-world events may be launched.

"Meme Express" is curated by Odaily's exclusive AI model to screen potential community-hyped targets. The content is compiled from public information and does not constitute investment advice. Please conduct your own due diligence and be aware of the high volatility risks of meme coins.

Odaily Report: USDT is expected to return to the Bitcoin network this month through infrastructure developed by Utexo, a project backed by Tether. Utexo plans to support private USDT transfers, direct swaps between native Bitcoin and USDT, and loans collateralized by native Bitcoin. (CoinDesk)

Odaily News: Trump's support among voters aged 18 to 29 dropped from 43% to 19%. Some young cryptocurrency investors have described his crypto projects as profit-seeking ventures, and criticized the TRUMP Meme coin for exploiting supporters who are familiar with crypto.

Morten Christensen, an investor who holds a large amount of TRUMP tokens, said Trump's reputation is no longer what it was when he was campaigning for president. He noted that when attending the second Meme coin event held at Mar-a-Lago this year, he noticed that the online reaction was noticeably different from the first event in May 2025.

Trump's financial records show that he earned at least $500 million through World Liberty Financial token sales. The project issues the US dollar-pegged stablecoin USD1, whose market capitalization exceeds $4 billion. (Bitcoin.com News)

Odaily reports that on October 2, SMBC Nikko Securities announced it has signed memoranda of cooperation with Nethermind, Uniswap Labs, Nyx Foundation, and Coinbase Technologies to develop "DeFi Gateway," a DeFi platform for Japanese investors that complies with Japanese laws and regulations. The project will develop a liquidity provision protocol and proprietary liquidity pools, with the parties planning to complete development by mid-2027.

Odaily: Bitcoin Treasuries posted on X that Strategy's market cap has surpassed that of Saudi National Bank, which is held by the Saudi government, making it the 385th largest public company in the world.

Odaily News: HL HUB (Community) posted on X that Hyperliquid is expected to receive its first AQAv2 reserve yield distribution tomorrow (October 3). Approximately $14.5 million in passive yield generated from USDC reserves will flow into the Assistance Fund for HYPE buybacks.

It is reported that under AQAv2's revenue-sharing mechanism, Hyperliquid stablecoin deployers are required to allocate 90% of stablecoin reserve yield to the Hyperliquid protocol, and 100% of these proceeds will be used for buying back and burning HYPE tokens. Stablecoin reserve yield sharing is accumulated and settled on a 30-day cycle, with proceeds automatically transferred to the Assistance Fund on the 8th day after the cycle ends. Formal yield accrual began on August 26, so the first yield payment will be made on October 3.