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LD Capital founder Yi Lihua said one of the main causes of the cryptocurrency market downturn is the combination of 1+3-year lockup structures and listing fees. Yi cited what Yi described as a collapse in narratives, saying the market is no longer persuaded by white papers or inflated TVL figures; a supply imbalance, with tens of thousands of projects flooding the market and making it harder for strong projects to stand out; one-year-plus-three-year lockup and unlock mechanisms, which Yi said allow projects, market makers and exchanges to recover funds first and exit while leaving venture capital investors at a disadvantage; and listing costs, with major exchange fees reaching $10 million and pushing up project valuations. On that point, Yi said Binance needs to improve its listing review process, adding that under the current structure, even Ethereum in its early days under Vitalik Buterin would not be able to list on Binance. Yi also said VCs bear the greatest risk and should not also have to shoulder the worst lockup terms, while a project’s success or failure is never determined by VCs. Yi added that crypto projects need to return to generating real revenue and carrying out token buybacks.

Decentralized futures exchange Hyperliquid bought back and burned 112,580 HYPE tokens worth about $10.15 million over the past 24 hours. The average burn price was $90.20, while estimated fee revenue during the same period totaled $989,000. Including the latest burn, a total of 49.25 million HYPE tokens worth about $4.45 billion have now been permanently burned from the market.

Crypto exchange OKX (OKB) said OKXICE, a joint venture between OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, has submitted a notice to the U.S. SEC to pursue the launch of a tokenized securities exchange under the regulator’s new innovation exemption rule. The notice includes more than 60 companies listed on U.S. stock exchanges.

Binance will significantly tighten rules for cross-border crypto deposits and withdrawals for users in Brazil starting Nov. 1, requiring disclosure of the transaction purpose and counterparty information to comply with Central Bank of Brazil Resolution No. 521/2025. Under the system changes, users who do not complete the required pre-submission will face withdrawal restrictions, while deposits may be put on hold or returned. Domestic transactions between residents of Brazil are excluded. For transfers of $50,000 or less, users must choose from 10 detailed purpose categories, while 96 classification standards will apply to transfers above $50,000. Transfers involving unauthorized overseas exchanges or counterparties will be capped at $100,000.

Quant trader Killa, who has 200,000 followers on X, said on Oct. 4 Bitcoin could surpass its all-time high in the second or third quarter of 2027 as market cycles shorten. According to a chart Killa shared, the time it took to form bottoms in 2022 and 2026 was shorter than in past cycles, accelerating the broader rebound rhythm. Based on that analysis, Killa said BTC is likely to break above its previous record as early as between May and July 2027, and no later than early August. Killa, who previously called the bull-market peak in May 2025 and correctly switched between BTC short and long trades, added that the earlier timing of cycle bottoms suggests the next upward cycle will also arrive sooner.

The key global macro events scheduled for the second week of October are as follows, with times converted from KST to UTC: - Oct. 5, 1:45 p.m. UTC: U.S. September services purchasing managers' index - Oct. 5, 2:00 p.m. UTC: U.S. September ISM non-manufacturing purchasing managers' index - Oct. 7, 2:30 p.m. UTC: U.S. crude oil inventories - Oct. 7, 6:00 p.m. UTC: minutes from the U.S. Federal Open Market Committee (FOMC) meeting - Oct. 8, 12:30 p.m. UTC: U.S. initial jobless claims

CoinMarketCap’s in-house crypto fear and greed index came in at 69, down one point from yesterday, and remained in greed territory. The index indicates extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the gauge based on price movements in the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and CoinMarketCap’s own search data.

Spot CVD is an order book analysis chart for the BTC/USDT spot trading pair. The upper section shows a Volume Heatmap, while the lower section represents cumulative volume delta, or CVD. - The Volume Heatmap in the upper section tracks trading volume at each price level, and the background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Areas closer to brighter colors may act as support or resistance. - The CVD indicator in the lower section reflects buy and sell orders by order size, and the line for each color rises as buy orders increase. The yellow line is based on orders worth $100 to $1,000, while the brown line is based on large orders worth $1 million to $10 million.

Japan on Oct. 2 announced additional sanctions on Russia and designated 33 entities and nine individuals, including crypto exchange Garantex Europe, for asset freezes. Garantex is known to have continued operating through follow-up platform Grinex and ruble-linked stablecoin A7A5 after sanctions by the U.S., UK and EU, as well as a 2025 server seizure.

As of the morning of Oct. 5, aggregated futures positions across about 200 whale accounts holding more than $3 million in assets showed short positions outweighing longs in both BTC and ETH, Odaily reported. BTC long positions stood at about $518 million, versus about $830 million in short positions, for a short-to-long ratio of 0.62. ETH also showed about $687 million in longs and about $1.05 billion in shorts, for a short-to-long ratio of 0.65.

A security incident worth about $6 million occurred at an anonymous vault contract on Ethereum layer-two network Base after an access control flaw was exploited. According to a GoPlus security alert, the attacker added a malicious contract to Safe multisig’s loan approval whitelist, then stole 1,783 aBaswstETH and cashed it out into wstETH on Aave V3. GoPlus pointed to either phishing targeting a multisig signer or insider collusion as possible causes. The issue was confirmed not to stem from flaws in either the Aave protocol or Base itself, though the vault still holds about $31.7 million in assets.

S&P Global Ratings has formally launched a dedicated risk assessment framework for the fast-growing onchain lending vault market. The new framework covers seven core areas, including credit and liquidity risk, as well as curators, blockchain infrastructure, smart contract protocols, security, and governance. Based on the framework, S&P said it plans to roll out formal credit and risk assessments for major onchain lending vaults in stages. Total value locked in the onchain lending vault sector has surged about 6.6 times to $10 billion from $1.5 billion two years ago, as the need for risk management at institutional-grade standards has gained attention alongside market growth. In DeFi, a vault generally refers to an automated yield-generating account, or deposit pool, in which users deposit assets and preprogrammed smart contract algorithms automatically manage and deploy them.

PGPZ, a nonprofit representing the Zcash ecosystem, has registered its first official lobbyist in Washington, D.C., marking the start of a full-scale legislative advocacy effort. PGPZ Executive Director Diviz Pandya has been registered as an official lobbyist and is set to oversee policy engagement with the U.S. Congress on financial privacy, the CLARITY Act, developer protections and anti-money laundering rules. The move shifts policy response functions previously handled by protocol developer ZODL to an independent specialized lobbying organization. PGPZ is also seeking a $750,000 grant from Zcash Community Grants to fund its first year of operations.

Most U.S. congressional staffers see little chance of a digital asset tax bill passing this year, with only 10% expecting crypto tax legislation to clear Congress by Dec. 31, 2026, according to a Punchbowl News survey. The outlook reflects a view that crypto-related legislation has slipped down the priority list amid the post-election schedule. Senator Cynthia Lummis, a prominent crypto-friendly lawmaker, also expressed skepticism about passage this year. Earlier, the House Ways and Means Committee approved the Digital Asset Tax Clarity Act (H.R. 10357) in September by a 38-5 vote.

Coinbase’s layer-two network Base has recorded $4.7 billion in net inflows, or about 6.3 trillion won, since Jan. 1.

Real Vision co-founder Raoul Pal advised crypto and traditional finance investors to keep their portfolios simple and centered on the Nasdaq and Bitcoin. Speaking on the TRADESECRETS podcast, Pal said most retail investors tend to overcomplicate their investments by chasing small-cap altcoins in search of outsized returns. He added that investors willing to take on slightly more risk could substitute major Layer 1 assets for small-cap altcoins, but should avoid indiscriminate token picking. Pal said, "Most people make things overly complicated by chasing the next coin to explode from $100,000 to $100 million, and 99% of investors will not outperform simply holding those assets."

According to CoinNess market monitoring, BTC has risen above $86,000. BTC is trading at $86,000 on the Binance USDT market.

According to CoinNess market monitoring, BTC has risen above $85,000. BTC is trading at $85,018.38 on the Binance USDT market.

According to CoinNess market monitoring, BTC has risen above $85,000. BTC is trading at $85,000 on the Binance USDT market.

We provide real-time cryptocurrency investment updates 24 hours a day from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Between 3:00 p.m. UTC on Saturday and 10:00 p.m. UTC on Sunday, investment updates are provided only when major issues arise. Note: Overseas economic breaking news remains available at all times through the CoinNess Live app and CoinNess web service.

Iran’s central bank plans to block rial-denominated bank accounts and payment gateways used by some cryptocurrency exchanges over concerns about market manipulation in USDT trading, Crypto Briefing reported. Earlier, the central bank limited daily USDT purchases to 2,000 on major exchanges including Nobitex and Wallex in late September and halted USDT trading each day from 12:00 p.m. to 12:00 a.m. UTC. If implemented, the latest measure could make it harder for exchange users to deposit rials and buy cryptocurrencies such as USDT.

Of 558 blockchains tracked by DeFiLlama as of Oct. 3, 399, or 71%, generated $0 in fee revenue over the past 24 hours. Only 44 chains posted more than $1,000 in fees. Just seven blockchains generated more than $100,000 in fee revenue, according to DeFiLlama: Solana with $1.09 million, Tron with $922,900, BSC with $793,900, Ethereum with $435,000, Bitcoin with $325,600, Base with $114,800, and Robinhood Chain with $100,900.

According to Kaiko data, 71% of trading volume in Uniswap tokenized stocks in September occurred outside regular U.S. stock market hours. About half of that came when exchanges were fully closed. Kaiko’s data also showed that, among 25 large price gaps that emerged while stock markets were closed, weekend token price moves matched the direction of Monday’s market-opening gap in 20 cases.

Memecoins on the Robinhood chain are undergoing a broad correction and trending lower, according to GMGN. Flagship memecoin PONS has a market capitalization of about $429 million, down 57% from its peak of $990 million, while posting a 19.5% decline over the past 24 hours. Other major memecoins have also extended losses, including INU, down 30.9%, NOSH, down 33.2%, PARE, down 25.4%, MANY, down 20.4%, and microduck, down 21.7%.

Selling by investors who bought BTC near cycle highs has increased recently, according to a Glassnode analysis. Glassnode said investors who bought one to two years ago at $97,000 and six to 12 months ago at $89,000 are now underwater, adding daily BTC selling by buyers from the 2025 bull market has reached its highest level this year, while investors who accumulated during the bear market are not engaging in large-scale selling.