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U.S. Treasury yields collectively declined, with long-term yields leading the drop. Market data shows that the yield on the U.S. 20-year Treasury bond is 5.434%, down 14.6 basis points for the day; the 30-year Treasury bond yield is 5.385%, down 14.1 basis points for the day; the 10-year Treasury bond yield is 5.054%, down 13.6 basis points for the day. The U.S. 7-year Treasury bond yield fell 13.5 basis points for the day, and the 5-year Treasury bond yield dropped 11.5 basis points.

According to Gate Market, Hong Kong stock large model stocks fell, Zhipu (02513.HK) and MINIMAX-W (00100.HK) both dropped over 10%.

According to Gate Market, Bitcoin rapidly dropped in the last hour, briefly falling to 80,230 USD, and then rebounded.As a result, in the last hour, the total liquidation across the network reached 484 million USD, with long positions accounting for 464 million USD. Among them, there were 3 individual long positions liquidated, each exceeding 10 million USD, all occurring on Binance.

According to Lookonchain monitoring, "Brother Magi" Huang Licheng has been completely liquidated. Over the past 4 months, he turned $56,000 into $12.25 million through trading, but has now fallen back to $21,800.

According to Gate market data, the South Korean KOSPI index fell by 7%. SK Hynix dropped by 10%, and Samsung Electronics fell by nearly 8%.

According to a report by Daum, while global exchanges are expanding into perpetual contracts, options, and traditional stocks, South Korean local exchanges are still limited to spot trading due to regulatory restrictions. Data from CoinGecko shows that in the second quarter of 2026, the total spot trading volume of the five major Korean won exchanges—Upbit, Bithumb, Coinone, DigitalX (formerly Korbit), and GOPAX—was approximately $14.67 billion, a decrease of 33.0% from $21.88 billion in the first quarter.Coinbase completed its integration with the derivatives exchange Deribit this month and plans to launch a unified platform covering spot, derivatives, and stocks; Binance is expanding into precious metals, stocks, and index-related perpetual contracts. Current regulations in South Korea prohibit local institutions from engaging in cryptocurrency derivatives business, and the upcoming virtual asset tax law only covers spot gains, with a lack of clear taxation mechanisms for overseas derivatives gains. The industry is concerned about the loss of competitiveness for local exchanges and tax inequities. South Korean financial regulatory authorities have yet to propose a specific timeline for the introduction of cryptocurrency derivatives trading.

According to Lookonchain monitoring, Bonk Guy (@theunipcs)'s portfolio value has dropped from a peak of 26 million dollars to 10.4 million dollars, shrinking by more than 15 million dollars.Meanwhile, PONS revenue has decreased from a peak of 11.42 million dollars to 103,600 dollars, with the token price falling by nearly 70%. Currently, Bonk Guy holds 10.9 million PONS, and the position value has decreased from a peak of about 10.3 million dollars to 3.47 million dollars.

On-chain data company CryptoQuant researcher Rei Researcher pointed out in a report released on Monday that as the Bitcoin supply on exchanges continues to shrink, the price of Bitcoin may see an upward trend. The report shows that the Bitcoin held by exchanges has decreased from 2.8 million in February to 2.67 million. The recent price of Bitcoin is around $83,485, remaining stable over the past 24 hours but rising 8% over the past 30 days, following the best-performing quarter in years.The report states, "If buying demand continues to improve while exchange supply remains low, Bitcoin could benefit from a supply-demand imbalance, creating favorable conditions for a longer-term upward trend." The report adds, "More importantly, Bitcoin has rebounded from its lows in recent weeks, while exchange reserves continue to decline. This is a notable development, indicating that even as the market recovers, the supply available for trading is still decreasing." The report also notes that investors may be transferring Bitcoin out of exchanges and into cold wallets.In the first half of 2026, Bitcoin traded below $65,000 for most of the time. After reaching an all-time high of $126,080 in October 2025, the cryptocurrency has been in a bear market for most of this year. However, the situation changed in August when the U.S. Treasury doubled the scale of liquidity support repurchase operations, weakening the dollar while boosting non-yielding assets like Bitcoin. Analysts say that the so-called "devaluation trade" has heated up again, benefiting Bitcoin as it did in 2024 and 2025. Currently, the price of Bitcoin is still over 30% lower than its historical record.

Phoenix Technology cited a report from IDC seen by Reuters, stating that in the first half of 2026, NVIDIA's market share in China's data center AI chip market dropped to 34%. IDC data shows that from January to June this year, NVIDIA's AI accelerator shipments in the Chinese market were 678,000 units, a year-on-year decrease of 44%. The report attributed the change in market share to U.S. export control restrictions limiting product supply, as well as domestic competitors in China expanding their market share.Among the 11 Chinese chip manufacturers tracked by IDC, 9 experienced year-on-year growth in shipments. Huawei's AI accelerator shipments reached 572,000 units in the first half of the year, up from over 300,000 units in the same period last year, accounting for 28% of the overall market. Alibaba's chip design division, T-head, holds a market share of 7%, Cambricon has 5%, Baidu's Kunlun has 4%, and Haiguang Information has 3%.NVIDIA's CEO Jensen Huang has repeatedly criticized the U.S. government's export restrictions, stating that the policy forces NVIDIA to cede the $50 billion AI chip market in China to Huawei. IDC did not specify which products make up the 34% share, nor did it clarify whether it includes chips such as B200 and B300. As of the time of publication, NVIDIA had not responded to requests for comment.

According to GMGN market data, the market capitalization of the meme coin BONER on the Robinhood Chain has dropped over 37% in 24 hours, currently reported at 26.2 million USD.According to on-chain transaction data, trader Him (@himgajria) sold approximately 286,700 USD worth of BONER today and currently still holds about 10.147 million BONER. The price of meme coins is highly volatile, please be aware of trading risks.

According to Gate quotes, the Hong Kong stock storage concept has declined, with Southern Double Long SK Hynix (07709.HK) dropping over 17%, and Southern Double Long Samsung Electronics (07747.HK) falling over 14%.

Since the beginning of 2026, Bitcoin has experienced 10 "3 standard deviation" trading days, exceeding the 8 times seen throughout the bear market of 2018. Although Bitcoin's annualized volatility has decreased from 84% in 2018 to about 46%, extreme market conditions still occur frequently relative to recent price volatility levels. "3 standard deviation" is used to measure the extent to which prices deviate from the recent normal volatility range. Data shows that the average price fluctuation for Bitcoin during such extreme conditions this year is about 7%, lower than the approximately 10% seen in 2018.Since 2024, Bitcoin's volatility has been around 47%, similar to Nvidia, but during the same period, Bitcoin has had 26 "3 standard deviation" trading days, far exceeding Nvidia's 8 times, the S&P 500's 16 times, and gold's 12 times. Market participants point out that macro shocks and the leverage and concentrated positions in the derivatives market are important factors contributing to the continued occurrence of extreme volatility. When investors sell options in large quantities, betting on market calmness, sudden news can force related concentrated positions to close, further amplifying price fluctuations.Deribit CEO Luuk Strijers stated that traditional Value at Risk (VaR) models struggle to adequately measure tail risks during extreme market conditions, and investors should pay more attention to risk indicators such as Expected Shortfall. Meanwhile, increased institutional participation, deeper liquidity, and improved risk management are also enhancing the market's ability to withstand shocks, but this does not mean that extreme volatility will disappear.

User obchakevich_ published 23 months of on-chain data for MoonPay Commerce, a subsidiary of the payment company MoonPay, covering the period from November 2024 to September 2026. MoonPay announced the acquisition of the payment service Helio on January 13, 2025, which was later renamed MoonPay Commerce, with products still operating under the pre-acquisition smart contracts; the parties did not disclose the price, but Fox Business reported it to be $175 million, while Fintech Futures referred to it as an all-equity transaction. Helio was founded in London in 2022 and claimed to have over 6,000 merchants and cumulative transactions exceeding $1.5 billion at the time of acquisition, integrating with Discord, Shopify, and WooCommerce.The on-chain transaction volume three months before the acquisition was $100.3 million, with fees of $1.08 million, resulting in an annualized fee of about $4.3 million, with the reported price being approximately 40 times that annualized fee. The total transaction volume for the entire year of 2025 was $141.9 million, with fees of $1.59 million; the transaction volume over the past 12 months was $90.7 million, with fees of about $930,000, making the reported price approximately 190 times the latter. Monthly transaction volume decreased from $39.8 million in January 2025 to $9.6 million in March, and $7.3 million in September 2026, with an effective fee rate maintained between 1.05% and 1.20% over the 23 months.

Analyst Darkfost stated that the recent demand for Bitcoin in the market has significantly improved, especially as spot demand continues to rise. Currently, the total demand for Bitcoin has returned to positive territory, exceeding 14,000 BTC, while futures demand remains relatively stable, averaging about 32,000 BTC recently.Spot demand is currently around negative 17,000 BTC. Although it is still in negative territory, it has improved significantly from negative 207,000 BTC on September 20. Darkfost believes that while the current Bitcoin price is declining, market demand is gradually recovering, which is a positive market signal.

According to monitoring by the head of Galaxy Research, on January 20, 2025, the U.S. government held 332,699 bitcoins, worth 34.1 billion dollars; on October 7, 2025, it held 319,086 bitcoins, worth 26.5 billion dollars.

According to Gate market data, most popular Chinese concept stocks have declined, with Futu Holdings down over 7%, Tiger Brokers down nearly 4%, Baidu and TSMC down over 2%, and Alibaba down nearly 2%.

According to Gate market data, spot silver has fallen by 3% during the day, currently priced at $59.5 per ounce. Spot gold's short-term decline has expanded to nearly $30, currently priced at $4,085.96 per ounce.

According to The Defiant citing data from Beaconcha.in, the number of active Ethereum validators has decreased by 2.5% over the past 7 days, to approximately 863,000, while the total amount of staked ETH has slightly increased by 0.08%, reaching 43.74 million.The decline in the number of validators is mainly related to the validator merging mechanism after the Pectra upgrade. This upgrade raised the maximum effective balance of a single validator from 32 ETH to 2048 ETH, allowing operators to merge multiple validators without needing to exit staking, thereby reducing network communication and consensus overhead. Currently, approximately 507,000 ETH are in the merging queue, with an expected waiting time of about 5 days and 11 hours.