Odaily reports: Blockchain project Qubic has disclosed that between October 17 and 18, approximately 2.94 trillion QU worth $1.3 million was transferred out of 1,404 wallets. The unauthorized transfers occurred between 23:42 and 01:26 the following day, after which network validators paused transactions at tick 85,371,949.

Qubic stated that the incident involved predictable wallet seeds generated by older Apple devices and browsers, and that the issue has been fixed in version 4.26.4. Developers also secured other at-risk funds before the attacker could move them.

About 87.1% of the stolen QU remains within the paused Qubic network, while approximately 12.9% was transferred to cryptocurrency exchange MEXC and frozen. Cryptocurrency exchange Bitget has suspended QUBIC deposits and withdrawals. Whether victims will be compensated is to be decided by Qubic's Computor cluster, and QEARN staking remains unaffected. (Bitcoin.com News)

Odaily Report: Earlier this month, the US Department of Justice announced that it had reached a deferred prosecution agreement with Roger Ver, under which his fraud and tax evasion charges will be dropped in exchange for payment of up to $49.9 million in taxes, penalties, and interest. Roger Ver purchased a large amount of Bitcoin in 2011 at a cost of less than $3 million. After obtaining citizenship of Saint Kitts and Nevis in February 2014, he renounced his US citizenship the following month. At the time, he and his companies held at least 131,000 BTC, worth more than $70 million at then-current prices. The US Internal Revenue Service determined that he failed to declare his personally held Bitcoin and understated his company's assets, and the actual amount recovered is 48 times the amount of tax he declared and paid that year. (Reuters)

Odaily reports: Former Mt. Gox CEO Mark Karpelès is developing a low-cost device designed to detect hidden LTE antennas used in hardware wallet supply chain attacks, without the need to open the wallet. The device will emit weak radio waves and measure resonant frequencies to identify potential spy implants. Karpelès plans to publicly release the circuit board design and specifications so that anyone can build one themselves; the project is still in the conceptual stage, with a prototype expected to be launched in the coming weeks. (Bitcoin News)

Odaily: Galaxy's head of research posted on X that Bitcoin ETF net inflows remain positive year-to-date, reaching $355 million, and turned positive again in September.

Odaily Report: In response to BNB Chain ecosystem member Spigg's proposal to launch a BNB phone that integrates a native wallet, instant payment and transfer functions, and consolidates all DApps within the ecosystem into one place, CZ said he rarely disagrees with Spigg, but he is not sure whether carrying a crypto phone everywhere is a good idea.

Odaily News: Market data shows that PAPER's price briefly broke above $0.035 and is now trading at $0.02743.

Earlier reports indicated that the Papertrade (PAPER) perpetual contract has been listed on the Hyperliquid HIP-3 market, supporting up to 3x leverage.

Odaily Sees: Bitcoin News posted on X that Strive, after weeks of sustained buying, reportedly holds 35,600 BTC and has drawn attention from Wall Street. TD Cowen raised its price target on Strive's stock from $44 to $56 on October 16. Strive priced an offering of 7 million preferred shares at $90 per share, raising approximately $630 million in gross proceeds (before fees); this approach avoids immediate dilution of common stock but requires dividend payments. Strive's stock fell 6.1% on Friday, in sync with Strategy.

Odaily reports: According to monitoring by on-chain analyst Ai Yi, 22 hours ago, Justin Sun's address (0x176…0a132) received 7.2 trillion PEPE from a Poloniex multisig address, worth $28.44 million. This is the first PEPE on-chain operation by this address since June 2024, when the PEPE price was still $0.00001256.

Odaily reports: According to Onchain Lens monitoring, Hyperliquid bought back and burned 11,340 HYPE at an average price of $78.55 over the past 24 hours, worth $890,900. Hyperliquid has cumulatively burned 49.63 million HYPE, approximately $3.9 billion, accounting for 4.96% of the 1 billion maximum supply. Estimated fees over the past 24 hours were $764,900, with revenue of $69.94 million over the past 30 days.

Odaily reports that a report from blockchain security firm Hacken shows that in Q3 2026, there were 107 security incidents in the crypto industry, with losses amounting to $1.18 billion, up 55% quarter-over-quarter. Of this, approximately $906.8 million in losses involved compromised vendors or development tools, known vulnerabilities that were not patched in a timely manner, and related components not being included in the latest audit scope.

Hacken co-founder Andrii Matiukhin pointed out that project teams often only audit critical smart contracts, while wallets, signing systems, and third-party software may not be covered, leading investors to mistakenly believe that the project is secure as a whole. The report states that the largest loss event in Q3 was the attack on Bitget, with losses of at least $352 million, in which attackers exploited a vulnerability in a third-party security product to gain access to withdrawal infrastructure.

Hacken also found that the asset security of some derivatives trading platforms and prediction markets relies on inadequate key management arrangements, but no vulnerabilities currently being exploited have been found in the relevant platforms. The company emphasized that security audits cannot replace continuous vulnerability management, and project teams still need to promptly fix known vulnerabilities and ensure that audits cover the system components that actually affect the safety of funds. (CoinDesk)

Odaily: A working paper from the Bank for International Settlements (BIS), based on weekly U.S. data from January 2019 to June 2025, found that when bank deposit rates rise, the growth rate of the stablecoin market slows. The paper's authors include BIS economist Iñaki Aldasoro and Rashad Ahmed of the Andersen Institute for Finance and Economics.

In the sample, stablecoin market capitalization grew by about 15% over a typical 10-week period. Baseline estimates show that after a one-basis-point increase in deposit rates, that growth rate falls to about 12%; an alternative method used to identify causality shows the growth rate falling to about 6%, though the stablecoin market still continued to grow.

The correlation is stronger for Circle-issued USDC than for Tether-issued USDT, which the authors attribute to USDC's closer ties to U.S. users. The paper notes that banks can influence the pace of stablecoin adoption through deposit pricing, and recommends that regulators assess whether stablecoin issuers should be allowed to pay yield to holders and whether issuers should be required to hold a portion of their reserves in bank deposits.

The working paper represents only the views of the authors and does not necessarily reflect the position of the BIS; the sample covers a single high-interest-rate cycle, during which stablecoins paid no interest to holders. The U.S. Treasury, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) are drafting implementation rules for the GENIUS Act, which takes effect next January and sets out rules for the issuance, use, and custody of stablecoins. (Decrypt)

Odaily reports that market analysts are divided on whether Bitcoin can return to $100,000 before the end of 2026.

Ryan Rasmussen, Head of Research at crypto asset management firm Bitwise, believes that factors such as institutional demand through ETFs and corporate Bitcoin purchases, concerns over inflation and government debt, and an improving regulatory environment are expected to push Bitcoin to higher levels by year-end, potentially even breaking through $100,000.

Adam Morgan McCarthy, Head of Research at London-based crypto trading and market data firm LO:TECH, expects Bitcoin to trade mainly in the $85,000 to $95,000 range through year-end. He noted that inflation pressures and the possibility of further rate hikes by the Federal Reserve will continue to weigh on Bitcoin's performance. U.S. consumer prices rose 0.6% month-over-month in September, with core CPI up 0.3% month-over-month, complicating the outlook for monetary policy.

Luca Invernizzi, Senior Derivatives Trader at Nomura's crypto unit Laser Digital, said Bitcoin will remain primarily driven by macroeconomic factors and U.S. long-term Treasury yields in the near term. However, market leverage has been largely flushed out, and if Bitcoin effectively breaks above $90,000, it could trigger a new round of short-covering. James Butterfill, Head of Research at CoinShares, also believes that the contradiction between inflation and a weakening job market will influence the Fed's subsequent policy decisions and Bitcoin's trajectory. (CoinDesk)

Odaily: Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, has once again posted Bitcoin Tracker-related information. According to previous patterns, Strategy typically discloses Bitcoin holdings change information the day after such messages are released.

Odaily: Strive CEO Matt Cole posted a chart of the company's Bitcoin holdings on X, with the caption "Now stacking sats with double horsepower," hinting at a possible disclosure of increased BTC holdings next week. The move may be emulating Strategy founder Michael Saylor.

Odaily Report: DeepSeek has issued an announcement that the DeepSeek API now supports web search and fetch, billed by number of requests at a unit price of 5 yuan per 1,000 successful requests. According to the announcement, when users currently use the DeepSeek API in DeepSeek Harness/Claude Code/Codex, they already access the Search/Fetch interfaces through server-side tool calls. These Search/Fetch interface calls are currently not billed, and will begin to be charged per call starting from 00:00 Beijing time on November 1, 2026. (Jinshi)

Odaily reports: The Russian Central Bank has stated that starting July 1, 2027, Russian residents will be prohibited from using self-custodial wallets for crypto asset transactions, or from transferring funds from regulated brokers to self-custodial wallets. Such transactions may only be carried out through licensed brokers or exchanges.

Currently, 13 institutions in Russia are authorized to provide digital currency trading services, including VTB Bank and Sberbank. The Central Bank has also prohibited transfers between licensed exchange accounts held by different individuals—even if both accounts are held by the same person—and has barred withdrawals from exchange accounts to self-custodial wallets.

Russian Deputy Finance Minister Ivan Chebeskov estimates that approximately 20 million Russians hold crypto assets worth 3.7 trillion rubles, or nearly $44 billion. Anatoly Popov, Deputy Chairman of Sberbank, expects that only about 20% of Russia's crypto trading volume will migrate to licensed exchanges. (Bitcoin.com News)