24/7 Market Flash News
16 Oct 2026
SlowMist Detects Phishing Pages Impersonating Ledger Firmware Updates, Warns Users Not to Enter Seed Phrases
A new phishing attack targeting Ledger users has been detected. <p>This phishing attack leverages recent Ledger-related supply chain incidents. The counterfeit pages set up by attackers are highly realistic, including fake authenticity check pages, device selection interfaces, and prominent "Update Now" buttons, making it extremely difficult for regular users to distinguish the authenticity of the pages through visual details alone.</p><p>The SlowMist security team explicitly reminds all hardware wallet users that there is no firmware update process that needs to be completed through third-party web links. Never click on any unfamiliar links sent from non-official channels to perform so-called firmware update operations.</p><p>The security team particularly emphasizes that no legitimate service provider will ever require users to enter their seed phrases under the pretext of firmware updates, account verification, or similar scenarios. Once a seed phrase is submitted on a phishing page, all associated crypto assets under the user's name will face the direct risk of total theft.</p>
Warsh avoids rate guidance; Tesla’s Roadster turns in air - what’s moving markets
Warsh avoids rate guidance; Tesla’s Roadster turns in air - what’s moving markets
Capital B reports $78M H1 loss driven by Bitcoin impairment charge
Europe’s second-largest Bitcoin treasury raised $30 million and increased its Bitcoin holdings by 11% in the first half of 2026, despite reporting a $75 million Bitcoin impairment loss.
NEAR Launches SOL Yield Feature for Confidential Accounts
NEAR Protocol has launched a SOL yield feature built on confidential accounts. Under this mechanism, the vault only receives user deposit funds and cannot access users' original addresses. This product has no lock-up period, allowing users to perform token swaps or transfers at any time.
Judge rejects CFTC, Gemini bid to undo $5M settlement
Judge ruled changes in CFTC enforcement priorities and allegations of misconduct by its enforcement division were insufficient to overturn Gemini’s January 2025 settlement.
Machi Secures 341,000 USDC Rewards via PaperTrade Trading, Net Loss Reduced to Approximately $74,700
Machi (Jeffrey Huang) recorded a trading volume of $1.41 billion on PaperTrade, incurring a trading loss of $416,000. However, he obtained 57.6 million PAPER tokens through staking and earned 341,000 USDC in rewards. After offsetting part of the trading losses, his final net loss was reduced to approximately $74,700.
Binance to Support the Velodrome Finance (VELODROME) Token Merger to Aerodrome (AERO) and AERO Contract Swap Plan
Binance will support the plan for the Velodrome Finance (VELODROME) token to merge into Aerodrome (AERO) and the associated AERO contract swap. Binance will cease trading and remove all existing VELODROME spot trading pairs (VELODROME/USDT) at 11:00 (UTC+8) on November 3, 2026, and automatically cancel all open orders. Trading for existing AERO spot trading pairs will not be affected. Additionally, Binance will suspend deposit and withdrawal services for the legacy VELODROME token at 11:30 (UTC+8) on November 3, 2026. Upon completion of the token merger, Binance will no longer support deposit and withdrawal services for the legacy VELODROME token.
Hong Kong receives over 150 WhatsApp account hijacking fraud cases within two weeks, with crypto-related losses exceeding HK$10 million
WhatsApp account hijacking fraud cases have seen a sharp recent rise in Hong Kong, with a large total involved amount.<p>Over the past two weeks, Hong Kong has received a cumulative total of more than 150 reports of WhatsApp account hijacking fraud, with total involved losses exceeding HK$15 million. Fraudsters steal social account information of ordinary users to carry out subsequent fraudulent operations.</p><p>Among these cases, the WhatsApp account of an employee at a virtual currency exchange firm was hijacked by malicious actors. The scammers fully replicated the name, profile picture, and all member information of the company's real work group, creating a highly realistic fake work group.</p><p>Fraudsters posed as real clients within the fake group to submit cryptocurrency exchange requests, inducing the firm's staff to transfer crypto assets to their designated wallet addresses, ultimately causing this virtual currency exchange company to lose more than HK$4 million.</p><p>These related cases serve as a reminder for practitioners in the crypto industry to strengthen security protection for social accounts, and establish multi-channel transaction verification mechanisms to avoid the risk of asset theft arising from communication relying solely on a single social tool.</p>
Santiment: The number of wallets holding 10 to 10,000 BTC reaches 20,338, hitting an all-time high
Santiment stated on Twitter that the current number of wallets holding between 10 and 10,000 BTC has reached 20,338, marking a new all-time high. Despite extreme volatility in BTC's price during this period, this cohort has maintained strong growth momentum since mid-July. Santiment notes that historical data shows this group is closely correlated with BTC's future price performance. When prices fluctuate, an increase in large holders entering this holding bracket indicates that well-capitalized investors remain confident, rather than exiting the market during periods of weakness.
Three CoreWeave Founders Have Cashed Out $3.3 Billion Since IPO
Latest data shows that the three co-founders of AI computing power rental provider CoreWeave have collectively reduced their holdings of company stock worth $3.3 billion since their US stock IPO last year, with cash-out volume reaching $2.4 billion since the start of this year alone. Amid continuously rising credit risks and growing investor caution toward AI spending that has triggered sharp stock price volatility, the three individuals are locking in gains via large-scale cash-outs.
South Korean Financial Authorities to Strengthen Supervision of Offshore Perpetual Contract Platforms
The Financial Services Commission and the Financial Supervisory Service of South Korea will enhance monitoring of offshore platforms that trade perpetual contracts linked to South Korean stocks and stock indices. If any illegal business activities are identified, such as soliciting South Korean residents to register via referral codes or charging commissions, the regulatory authorities will take a firm stance, including reporting such activities to law enforcement agencies. Concurrently, the regulators will assess whether such overseas products have impacted South Korea's domestic stock market. In addition, the authorities plan to communicate with major overseas platforms that offer perpetual contract products pegged to South Korea's domestic market, requiring them to cooperate with supervision to ensure their operations do not violate South Korean laws.
Binance Alpha to List NeoSoul (DNA) at 16:00 Today, Users Holding at Least 245 Points Can Claim 400 DNA Tokens
Binance Alpha will launch NeoSoul (DNA) at 16:00 (UTC+8) today. Users holding no less than 245 Binance Alpha points are eligible to claim the token airdrop. 400 DNA tokens can be claimed on the Alpha campaign page on a first-come, first-served basis. If the campaign is still ongoing, the points threshold will automatically decrease by 5 points every five minutes. Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha campaign page within 24 hours, otherwise the airdrop entitlement will be deemed forfeited.
OpenAI model helped itself to testnet crypto, then kept quiet about it
An OpenAI research model checked 362 wallet addresses, questioned whether using the funds was ethical and proceeded with a transaction it later omitted from its final task summary.
Filecoin Adjusts Incentive Mechanism and Launches New Products
Filecoin announced three major developments rolled out this month, including adjustments to its incentive mechanism, the conclusion of the genesis token unlocking period, and the launch of new products. Under the new incentive framework, a larger share of block rewards will be allocated to services that bring paying customers to the network, while rewards for consensus mining will be reduced accordingly, with all unearned portions subject to burning. The genesis token unlocking period is nearing its end, which is projected to reduce the daily new circulating supply of FIL by approximately 75%. Additionally, new products tailored for enterprises and AI Agents have been launched, including Integral Spacetime, a new cloud storage platform built on the Filecoin network.
Ant International Completes Subscription to ChinaAMC RMB Digital Currency Fund
Ant International and China Asset Management (Hong Kong) jointly announced that Ant International has recently completed its subscription to the ChinaAMC RMB Digital Currency Fund, which has been included in Ant International's treasury allocation. This fund transfer was initiated by Ant International at the Pudong Branch of China Construction Bank in Shanghai. The digital RMB assets were transferred in real time from Shanghai to Hong Kong, then routed to the relevant account at Standard Chartered Bank (Hong Kong), and the fund subscription was settled using offshore RMB. This operation has achieved full end-to-end connectivity of the entire process covering "cross-border digital RMB transfer + offshore RMB asset investment".
US federal judge denies joint Gemini-CFTC bid to undo $5 million settlement
The court noted that Gemini voluntarily settled three weeks before trial and that policy changes do not warrant reopening the judgment.
Singapore Gulf Bank Launches Stablecoin Exchange Service for Individual Customers
Singapore Gulf Bank (SGB) announced that individual customers can conduct two-way exchanges between US Dollar (USD) and USDT, USDC via its mobile banking App, without the need to transfer funds to cryptocurrency exchanges. Users can hold USDT, USDC and other fiat currencies in the same bank account. The service supports 24/5 exchange operations from Monday to Friday.
Fed’s Warsh says AI boom could boost growth, but warns of bumpy transition
Fed’s Warsh says AI boom could boost growth, but warns of bumpy transition
Balaji’s ‘Singapore of social media’ begins with a wave of bans
Network School founder Balaji Srinivasan wants to turn Farcaster into a haven for well-mannered techno-optimists. He had to do a bit of housekeeping first.
Solana Accelerate China Shanghai Event Has Been Temporarily Canceled
The Solana Accelerate China 2026 event hosted by the Solana Foundation in Shanghai has been temporarily canceled. The official stated in an email that "due to logistical considerations related to the venue, this morning's agenda has been postponed. All registered attendees will be notified directly once the new schedule is confirmed. We sincerely apologize for the short notice and any inconvenience caused to friends who planned to participate."