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Analyst Darkfost stated that since Bitcoin reached its peak last October, its maximum drawdown has reached 54%, and the current price has dropped about 35% from the peak.During the same period, the cumulative selling pressure in the Meme coin sector on the Binance platform has exceeded 1.4 billion USD, making it one of the most severely impacted sectors in this bear market. Darkfost pointed out that Meme coins lack fundamental support, with prices primarily driven by market sentiment and cultural trends. Currently, the market capitalization of Meme coins accounts for less than 3% of the total market capitalization of altcoins, reflecting a continuous loss of liquidity in this sector. He believes that Meme coins often face greater downward pressure during market adjustments, and investors should be wary of the associated risks.

On-chain detective Specter retweeted on platform X, alerting the community that the InfoFi project BILL is suspected of being a scam. It is reported that the price of the Billion (BILL) token has dropped by about 97% from its historical high.In the past two months, 17 wallets associated with the team have received tokens and deposited approximately 988 million BILL into CEX, while another independent deposit address also deposited 360 million BILL into CEX this week. The related tokens originated from the project's team multi-signature wallet.

Cryptocurrency analyst Darkfost pointed out that Bitcoin has entered a phase where selling pressure has significantly increased. Recently, the rebound pushed Bitcoin's price above $85,000, and the Seller Exhaustion indicator has signaled that potential selling pressure is rising.This indicator combines profit supply and volatility to identify risk and calm phases, making it highly valuable for short-term reference. This rise has been quite sudden, especially reflected in short-term holders. The current level of the indicator is approaching the threshold seen at multiple local tops in this cycle. Analysts indicate that it is necessary to observe whether demand can improve and whether volatility converges to suppress potential pullbacks and allow the indicator to return to normal.

Analyst Axel Adler posted on platform X that short-term holders (STH) of Bitcoin are still selling profitable Bitcoin through exchanges. In the past 7 days, the number of relevant Bitcoins transferred to exchanges by short-term holders was approximately 11,000, a decrease of about 66% from the previous peak of 32,000, indicating that selling pressure has eased.

According to the official schedule of the Bangkok Annual Meeting released by the International Monetary Fund (IMF), Federal Reserve Chairman Waller has confirmed his attendance and is scheduled to deliver a public speech on October 16 local time. This schedule has been included in the agenda by the IMF Bangkok Annual Meeting Organizing Committee.The related agenda indicates that his speech will focus on the current macroeconomic situation and monetary policy framework, with the specific content of the speech to be disclosed on-site.

Layer 1 blockchain Sui announced that its programmable off-chain channels processed over 40 million transactions per second during a real-time stress test aimed at high-frequency activities for AI agents, breaking the record set in July of this year. The test was conducted on Wednesday at the Sui Basecamp in Singapore, peaking at 40,614,180 TPS, surpassing the approximately 6.1 million TPS level of similar tests in July.During the test, transactions were processed through Sui's off-chain channels, which settle to the Sui mainnet when closed. Sui stated that over 10,000 channels were opened on the mainnet during the test, covering scenarios such as payments, gaming, and chat applications. These channels are designed to handle high-frequency activities, including interactions between AI agents, without requiring each transaction to be processed directly on-chain.Adeniyi Abiodun, co-founder and Chief Product Officer of Sui's original contributor Mysten Labs, stated that Sui is built for the moment when millions of AI agents transact daily, noting that no market in the world needs 6 million transactions per second, let alone 40 million; humans cannot move that fast, but agents can. Security company CertiK served as an independent auditor during the demonstration, reviewing the test data, with a report expected to be released in the coming days.

According to GMGN data, the market capitalization of PAID on Solana has fallen below 6 million USD, down over 88% from its peak market capitalization of 51.61 million USD. The current market capitalization is reported at 5.88 million USD, with a 24H decline of nearly 40%.Market news reminds users that the prices of meme coins are highly volatile, and investors should participate with caution.

Elon Musk stated that he is cautiously optimistic that the SpaceX version of the VR72 will be able to operate at an average power close to 250 kilowatts, which means the peak power will be about 10% higher.

Glassnode stated that spot traders are turning to the altcoin market. Data shows that the current spot trading volume of altcoins is about 4 times that of Bitcoin's spot trading volume, reaching the highest level since September 2025.Glassnode indicated that the demand for higher-risk assets has increased, a phenomenon that has historically been associated with the formation of Bitcoin's cyclical tops.

According to Glassnode data, Bitcoin holders have recently continued to take profits, but the scale is relatively limited, with a net profit of approximately 5.1 billion dollars realized in the past 7 days.This level is closer to the end of 2023 and is significantly lower than during the previous major market peak phase.

White hat actors transferred 40.71 bitcoins related to the Coldcard vulnerability into a single transaction, valued at approximately 3.31 million dollars. This transaction aggregated funds from 11 addresses and included OP_RETURN information pointing to the Crypto Recovery Trust.Alex Thorn, head of Galaxy Research, revealed that a larger aggregation transferred a total of 52.37 bitcoins, involving multiple clusters of attacker addresses, accounting for about 2.8% of the funds involved in the vulnerability. A firmware flaw in Coldcard devices from March 2021 led to insufficient randomness in the mnemonic phrases, with the peak amount of funds involved being approximately 130 million dollars.

According to Bitcoin.com, the developers of Bitcoin BLAKE2b plan to restrict miners from unlocking newly mined tokens, with a waiting period set at 45 days. The relevant changes are scheduled to be implemented at block height 973440.This chain was forked from Bitcoin on August 8. Its native token BTCB2 is also labeled by some trading platforms as Bitcoin BLAKE2b, Bitcoin BIP-110, or XBT.BTCB2 has dropped 84% from its September peak of $1799, with recent trading prices around $270 to $315. Developer Luke Dashjr stated that some BLAKE2b mining pools are "attacking" the network. After the fork, the chain continued to use Bitcoin's difficulty, mining only about 8 blocks in the first 22 days, and then resumed operation by enabling BLAKE2b hashing and adjusting the difficulty.Currently, this chain is not listed on most trading platforms, nor on CoinGecko or CoinMarketCap. The trading platform Neoxa has expressed support for the upcoming soft fork.

Cryptocurrency analyst Darkfost stated that the Bitcoin reserves held by known over-the-counter (OTC) platform addresses have dropped to a historical low, currently around 123,000 BTC, down from nearly 500,000 BTC in September 2021.The continuous decline in OTC reserves may have several reasons, including investors' preference for holding BTC long-term, a more decentralized structure of Bitcoin holdings, and participants like miners no longer primarily selling BTC through OTC channels. Additionally, some holders may prefer to sell directly on the open market. Regardless of the specific reasons, the significant reduction in OTC reserves means that there is increasingly less BTC available for sale outside the open market. If buyer demand shifts more towards purchasing directly from the open market, it may provide support for BTC prices.

DeepSeek supplements the API peak and valley billing rules. During weekends with adjusted work hours and China's statutory holidays, the entire day is charged at off-peak rates. Although September 20 is a workday due to the National Day holiday adjustment, the API still applies the off-peak price.DeepSeek implemented peak and valley pricing starting August 17, with off-peak prices set at half of peak prices. Less than a week later, all Saturdays and Sundays were changed to off-peak prices. This further clarifies the billing criteria for adjusted workdays and statutory holidays.Taking deepseek-flash as an example, for every million tokens of cache misses, the off-peak rate is 1 yuan, and the peak rate is 2 yuan; the output rates are 4 yuan and 8 yuan respectively. Another adjusted workday for the National Day holiday on October 10 is a Saturday, which will also be calculated at the off-peak price.

According to Iranian media Fars News, the Speaker of the Iranian Parliament stated that the Strait of Hormuz will remain closed until the conditions in Tehran are met.

According to on-chain analyst Ai Yi's monitoring, a certain multi-signature address transferred 9.2 million LSK to a certain address, valued at 6.52 million USD; subsequently, 2 million LSK was recharged to GSR's Binance deposit address. A similar operation occurred 9 months ago.LSK surged to 2.37 USD last weekend, an increase of nearly 10 times, and is currently reported at 0.5084 USD, with a market value shrinking by 78.5% from its peak.

According to the latest data from Bitget, the cumulative trading volume of the platform's TradFi contracts has exceeded 530 billion USD, with a single-day trading volume peak reaching 7.39 billion USD. So far, Bitget supports a total of 309 stock perpetual contract underlying assets.

CoinDesk reported that Robinhood Chain's daily revenue dropped 87% from its peak on September 4, to $1.06 million. The decline was not due to a decrease in activity, but rather higher capacity reduced congestion fees.During the same period, DEX trading volume approached $2 billion, and active addresses increased by 16.5%.

According to market information, A-share Yushu Technology fell nearly 3%, with its stock price dropping below 500 yuan per share for the first time, and a total market value of 202.1 billion yuan; on its first day of listing, the stock price reached a peak of 1100 yuan per share, and the market value once soared to 444.9 billion yuan. Currently, it has evaporated over 240 billion yuan compared to its market value peak.