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Fundstrat co-founder Tom Lee said at Token2049 that crypto is at the start of a supercycle and that most assets managed in traditional finance will be tokenized within the next 10 years, with BlackRock, JPMorgan and Robinhood building related infrastructure on Ethereum, or ETH.

An anonymous trader’s wallet was likely hacked five hours ago, with about $4 million in assets stolen, according to on-chain analyst EmberCN. The stolen assets totaled nine tokens, including 1.43 million BP worth $1.77 million, 13.96 million MASCOIN worth $1.55 million, and 3.7 million CASHCAT worth $510,000. A CoinNess analysis found the hacker sold the stolen assets, swapped them into ETH, BNB and SOL, and then laundered the funds through Privacy Cash and Chainflip.

Jack Yi, founder of crypto-focused investment firm LD Capital, said Bitcoin is still holding key support levels while altcoins have entered a broader correction phase. Yi said BTC had been seen as vulnerable to a pullback after rising to $86,000 about a month ago, adding that even in a bull market, prices spend most of the time moving sideways before surging in certain stretches or undergoing a natural correction. Yi said the current decline, even if it deepens, should be viewed as a normal correction within a broader bullish trend.

Germany’s Federal Financial Supervisory Authority, or BaFin, has rejected Futurum Bank’s application for a license under the EU’s Markets in Crypto-Assets framework, affecting local crypto trading platform Bitcoin.de, Cointelegraph reported. As a result, trading services on Bitcoin.de, most of which have been suspended since June, are not expected to resume for the time being. Parent company Bitcoin Group SE said it may challenge the decision or reapply later, and is pursuing a plan to restart trading through a partner with regulatory approval. Bitcoin.de has more than 1.1 million users.

Major exchanges have seen $370 million worth of futures liquidated in the past hour. In the past 24 hours, $508 million worth of futures have been liquidated.

AVAX has fallen by 4.21% in the past five minutes on the COINNESS market. Currently, AVAX is trading at $11.04.

ADA has fallen by 4.53% in the past five minutes on the COINNESS market. Currently, ADA is trading at $0.25.

DOGE has fallen by 3.88% in the past five minutes on the COINNESS market. Currently, DOGE is trading at $0.09.

XRP has fallen by 2.81% in the past five minutes on the COINNESS market. Currently, XRP is trading at $1.46.

ETH has fallen by 2.86% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,603.94.

LINK has fallen by 3.75% in the past five minutes on the COINNESS market. Currently, LINK is trading at $13.33.

According to CoinNess market monitoring, BTC has fallen below $84,000. BTC is trading at $83,622.91 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $85,000. BTC is trading at $84,831.49 on the Binance USDT market.

Ferrari’s stock token RACE has launched through Sunrise, a Solana-based asset gateway, according to Crypto Briefing. Issued by Backpack Securities, RACE is backed one-to-one by actual Ferrari shares held by a regulated custodian, and holders can redeem the token for rights to the underlying stock. The token can trade around the clock through Solana wallets and DEXs including Phantom, Jupiter, and Raydium.

Startale Japan has issued a digital corporate bond that pays interest and principal in JPYSC, a yen-backed stablecoin, Bitcoin.com reported. JPYSC is pegged one-to-one to the Japanese yen and is issued by SBI Shinsei Trust Bank, which also manages the trust assets.

South Korean exchange Bithumb announced the name of Avantis (AVNT) will be changed to Veranta starting at 2:00 a.m. UTC today. The English name will also change from "Avantis" to "Veranta."

Bitmine (BMNR), an Ethereum accumulation company, received another 12,500 ETH worth $33.65 million from BitGo about four hours ago, according to Onchain Lens. Including the latest transfer, Bitmine’s ETH holdings amount to about 4.9% of Ethereum’s total supply of 122.1 million ETH.

U.S. asset manager Canary Capital has launched 'Canary Staked TRX,' an exchange-traded fund that offers exposure to TRX staking rewards, Crypto Briefing reported. The ETF is structured to hold TRX directly while participating in staking on the Tron network to earn additional rewards.

Solana-based memecoin issuance platform Pump.fun sold another 102,495 SOL worth about $12.41 million eight hours ago, according to Lookonchain. Pump.fun has now sold a total of 5,347,925 SOL at an average price of $161, with cumulative sales reaching about $861.47 million.

An address estimated to be linked to Justin Sun deposited 13.4 million ENA, worth about $3.22 million, to Binance nine hours ago, according to on-chain analyst EmberCN. Exchange deposits are generally interpreted as intended for selling.

CoinMarketCap’s Altcoin Season Index fell one point from yesterday to 62. The index compares the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. An altcoin season is identified when 75% of those top 100 coins outperform Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 indicates a stronger altcoin season.

Cross-border virtual asset transfer records will be reported to the Bank of Korea’s foreign exchange monitoring system, with the data to be shared with the National Tax Service, the Korea Customs Service, the Financial Supervisory Service and the Financial Intelligence Unit to strengthen oversight of illegal foreign exchange transactions and illicit remittances involving crypto, Digital Times reported. South Korea’s Ministry of Economy and Finance said on Oct. 7 it will pre-announce a revision to the enforcement decree of the Foreign Exchange Transactions Act containing the measure. Virtual asset transfer service providers will be required to notify the Bank of Korea’s foreign exchange monitoring system of relevant transaction details.

The Digital Asset eXchange Alliance (DAXA) said today it published a digital asset policy guide for the second half of this year that examines key policy tasks for establishing a stable regulatory framework for the virtual asset market and supporting its sustainable development, according to Newsis. The guide covers the need for and significance of digital asset regulatory formalization, a roadmap for digital asset regulation and standardization of supervisory data, directions for building a user protection system for digital assets, ways to establish a South Korean-style digital asset market surveillance model, and proposals for a desirable governance framework.

The spot CVD chart is an order book analysis chart for the BTC/USDT spot pair. The upper panel shows the volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance. - The CVD indicator shows buy and sell orders by order size. As buy orders increase, the line for the corresponding color rises. The yellow line represents orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.

CoinMarketCap’s in-house Crypto Fear & Greed Index came in at 66, down one point from yesterday, while remaining in the greed zone. A reading closer to zero signals extreme fear in the market, while a figure closer to 100 indicates extreme optimism. CoinMarketCap calculates the index based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market indicators including the put/call ratio, the Stablecoin Supply Ratio (SSR), and CoinMarketCap’s own search data.