ross

According to Coinglass data, the total liquidation across the network in the past 24 hours was $341 million, with long positions liquidated at $187 million and short positions liquidated at $154 million. Among them, Bitcoin long positions were liquidated at $33.5928 million, Bitcoin short positions at $38.9477 million, Ethereum long positions at $40.9114 million, and Ethereum short positions at $67.6207 million.

Elon Musk stated that next year he will give a share of SpaceX to every child in the United States, which is just the first step in a series of actions for the future.

On October 17, ILITY announced on platform X that a security incident occurred with the ILITY Network, and the ILITY cross-chain bridge has been temporarily closed. They are cooperating with law enforcement agencies, cryptographic forensic experts, and investors to investigate, and have not yet disclosed the amount of losses or details of the attack.On-chain analyst Specter stated that they observed a certain wallet transferring approximately 35,700 ZEC (worth about $41 million at the time) from a privacy pool, which was then transferred to the Bitcoin and Ethereum networks via NEAR Intents and multiple addresses. Their tracking suggests that the related addresses are associated with the ILITY cross-chain bridge and claim that approximately 4.1 million ILY tokens flowed out of that bridge. Due to the privacy features of Zcash, it has not yet been confirmed whether this ZEC belongs to stolen funds or its exact relationship with the ILITY incident.

The decentralized computing network Cysic released an event report on platform X stating that its cross-chain bridge was attacked on Saturday. The attacker exploited a processing vulnerability to unauthorizedly mint 10 million CYS on the BNB Smart Chain, and the cross-chain bridge has now been suspended. Preliminary investigation results indicate that the attacker accessed the database supporting the cross-chain bridge without authorization.The report shows that the minting occurred at 12:31:38 UTC, and Cysic added the receiving address to the token contract blacklist at 13:47:52. At that time, the address still held approximately 2.8 million CYS, and transfers have been restricted. Cysic stated that this incident was limited to the message processing and minting aspects of the cross-chain bridge and did not affect the mainnet or other operational systems, nor did it result in the theft or unauthorized transfer of CYS or other assets already in user wallets.Cysic emphasized that the quantity of minted tokens alone cannot determine the final dollar loss, and related token transfers, exchanges, and actual losses are still under verification. The company has hired a security agency and plans to release a follow-up report after the current investigation phase concludes. CYS is used to coordinate incentives for users, computing power providers, governance participants, and contributors within the Cysic network.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 317 million dollars, with long positions liquidated at 251 million dollars and short positions liquidated at 66.1022 million dollars. Among them, Bitcoin long positions were liquidated at 17.1162 million dollars, Bitcoin short positions were liquidated at 11.5809 million dollars, Ethereum long positions were liquidated at 62.9889 million dollars, and Ethereum short positions were liquidated at 8.6755 million dollars.

The Iranian Navy stated that the number of violating oil tankers damaged while attempting to cross the restricted navigation zone of the Strait of Hormuz has increased recently. On the 17th, an oil tanker caught fire and lost its navigational capability in the Gulf of Oman. On the same day, the Iranian Revolutionary Guard reported that two supertankers exploded after hitting mines in the strait, one of which was carrying over 2 million barrels of crude oil.

According to the official event report from UNCX Network, on October 14, attackers exploited a set of public vesting operations of Smart Token Vesting V2, creating a discrepancy between the token balance in the pool and the recorded shares, allowing the controlled positions to withdraw excess tokens.The attack affected four networks: Ethereum, BNB Chain, Base, and Robinhood, involving 10 tokens and a total of 11 confirmed withdrawal transactions, with a verified economic value of approximately $807,609, of which about $567,500 was from the BNB Chain. The involved calls did not use administrator privileges.After the incident, white hats returned 82,143,476 X tokens and 23.8682 ETH, and currently, there are no significant tokens pending disposal. UNCX stated that it is working with legal advisors to review technical evidence and subsequent handling.

A representative from the Solana Foundation stated that the U.S. "GENIUS Act" provides regulatory impetus for businesses and financial institutions to enter the stablecoin space, and is also one of the important background factors for Samsung's launch of stablecoin payment services.Samsung has announced that it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the U.S., covering approximately 82 million devices. Users can transfer dollar stablecoins to compatible crypto wallets within seconds, without incurring transfer fees; they can also remit to eligible bank accounts in over 60 countries and regions. This service will utilize the Solana and Sui networks as the underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services, and Coinbase Prime acting as the secondary custodian responsible for ensuring the security of USDC assets.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 333 million dollars, with long positions liquidated at 222 million dollars and short positions liquidated at 111 million dollars. Among them, Bitcoin long positions were liquidated at 57.553 million dollars, Bitcoin short positions at 25.2268 million dollars, Ethereum long positions at 36.4898 million dollars, and Ethereum short positions at 32.4437 million dollars.

According to the official announcement from Mitsubishi UFJ Trust Bank, Mitsubishi UFJ Trust Bank, in collaboration with Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and TISI, completed an empirical experiment on the joint issuance of yen stablecoins and optimization of cross-border payments from July 17 to 23, 2026.This experiment was supported by the Financial Services Agency's "Fintech Empirical Experiment Hub - Payment Enhancement Project," verifying the feasibility of a multi-bank joint issuance stablecoin model and exploring the application potential of blockchain technology in international remittances and inter-company payments. The results of the experiment showed that the issuance and circulation of stablecoins are operationally feasible, providing important references for the future social implementation of digital payment services and blockchain financial assets.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 313 million dollars, with long positions liquidated at 165 million dollars and short positions liquidated at 148 million dollars. Among them, Bitcoin long positions were liquidated at 50.51 million dollars, Bitcoin short positions at 35.86 million dollars, Ethereum long positions at 27.76 million dollars, and Ethereum short positions at 44.62 million dollars.

According to data from the CoinGlass platform, Gate's stock perpetual contracts rank second across the network, with several popular stock derivatives, such as SPCX, SKHYNIX, SNDK, and SOXL, having positions that also rank second across the network, only behind Binance.Real-time data from the platform shows that Gate SPCX has a position of 144 million USD, accounting for 14.65% of the total market share; SKHYNIX has a position of 137 million USD, accounting for 15.38%; SNDK has a position of 150 million USD, accounting for 18.62%; and SOXL has a position of 143 million USD, accounting for 23.92%.

In an interview video published by Bitcoin Magazine, philosopher Troy Cross provided answers on whether Bitcoin can truly achieve "the separation of money and state." He stated that he does not expect governments to abandon printing money anytime soon, but believes that Bitcoin serves as a check against endless monetary expansion, as people will choose to seek refuge in Bitcoin.Cross believes that academia will be the last group to understand Bitcoin, following innovators, financial practitioners, and journalists. He mentioned that the "Getting Bitcoin" initiative has made it to The Wall Street Journal, with related Bitcoin articles receiving 4 to 6 times the normal click rates. He also cited a survey from the Nakamoto Project, indicating that Bitcoin is moving towards normalization, while also increasingly showing signs of partisanship and polarization.In the interview, Cross also discussed the branding issues Bitcoin faces, as it is often confused with the broader category of crypto assets, and why price trends, education, and "Number Go Up" have become a universal language. He mentioned the need to bridge the gap and reach the 82% of people who do not yet hold Bitcoin, and explained how Bitcoin can keep governments honest. The video chapters also touched on the setbacks of the Clarity Act and why Bitcoin continues to move forward.

Stripe announced a collaboration with Plasma to develop a multi-currency stablecoin card, aimed at allowing individuals and businesses to spend the currencies they already hold in their accounts, reducing unnecessary currency conversion and foreign exchange costs. Plasma will serve as the design partner, integrating with Stripe's stablecoin card infrastructure, enabling customer account balances to be used for payments through the multi-currency card.The expanded infrastructure will support US dollars, Brazilian reais, euros, Mexican pesos, and Colombian pesos; stablecoins include USDC, OUSD, and qualified stablecoins that meet the requirements of the GENIUS Act. The Stripe stablecoin card service currently covers over 30 countries, with plans to expand to over 100 countries by 2027.For example, users holding euros will be able to spend directly in euros in the future, without needing to convert to US dollars first; businesses can issue currency cards that match their spending needs. Stripe also plans to support cardholders in spending from multiple account balances and automatically selecting the appropriate currency at the time of purchase.

According to a recent report by AlphaWire, Edwin Cheung, Executive Director of Gate, stated in an interview during TOKEN2049 Singapore that the payment business will become an important growth direction for Gate, serving individuals and corporate users with daily fund transfer needs.On October 7, Gate officially launched Gate Money, allowing users to open a global electronic bank account in their own name through the Gate App, and as services gradually open, it will accept payments in over 60 local currencies, connecting digital assets with everyday financial scenarios. Edwin Cheung pointed out that stablecoins can reduce the number of intermediary banks in cross-border transfers and enhance the transparency of fund flows. In the future, it will coexist long-term with traditional bank transfers, instant payments, and QR code payments, and will play a greater role in cross-currency payments as services develop in Europe, Asia, and the Middle East. Gate Money integrates functions of fiat currency, digital assets, stocks, ETFs, and gold, providing integrated financial services.Regarding institutional business and security, he mentioned that institutional investors remain highly concerned about liquidity and counterparty risk. Gate offers an OES over-the-counter settlement solution, allowing institutional clients' assets to be retained in third-party custodians while still utilizing Gate's liquidity and trading services, and enhancing transparency with reserve proof. He emphasized that user trust is crucial, and Gate's compliance qualifications, risk control system, and cooperation with various market regulatory agencies are key to the sustainable development of the business.

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 Coinglass data, in the past 24 hours, the total liquidation across the network was 452 million USD, with long positions liquidated at 394 million USD and short positions liquidated at 58.0601 million USD. Among them, Bitcoin long positions were liquidated at 65.0698 million USD, Bitcoin short positions were liquidated at 13.3053 million USD, Ethereum long positions were liquidated at 66.8389 million USD, and Ethereum short positions were liquidated at 12.7729 million USD.

The Federal Reserve's Beige Book shows that since the last Beige Book was released, two of the twelve Federal Reserve districts reported moderate growth in economic activity.

According to The Block, brokerage service provider DriveWealth has partnered with Ripple to integrate its stablecoin settlement, cross-border payment, and digital asset custody services into its brokerage platform.The two parties will initially launch settlement operations in Europe and plan to expand the service scope to the United States. This integration will utilize the Ripple RLUSD stablecoin on the XRP Ledger, allowing DriveWealth customers to use a stablecoin that can be converted to fiat currency almost in real-time for collateral account funding and management. Additionally, both parties are exploring opportunities for equity financing through Ripple Prime.