Telegram founder Pavel Durov stated that his Bitcoin investment is a personal choice and not a source of Telegram's revenue. He purchased Bitcoin in 2013 for $700 and believes in its Decentralization features, predicting that the future price could reach $1 million. The current price of Bitcoin is $122,160.09, and Telegram derives 40% of its revenue from encryption services.

[Chain News] On October 12, Tether CEO Paolo Ardoino posted on social media that USDT performed steadily during the flash crash in the crypto market. He stated: "USDT is the best collateral for derivation and margin trading, with good liquidity, and has been market-validated. If you use low liquidity tokens, some bananas, a horse, three olives, and a chewed piece of bubble gum as collateral, then be prepared when the market is volatile."

[BitPush] Venus Protocol stated that some Venus users were affected by the depeg of WBETH price during market liquidation. Venus Labs will compensate verified users who suffered losses due to the WBETH depeg issue that occurred between 5:36 and 6:16 Beijing time on October 11, 2025, through the protocol risk fund.

[Coin World] On October 12, according to market data, the "blue-chip" NFT series saw a general fall in floor prices, including: Pudgy Penguins floor price currently reported at 7.07 ETH, with a 7-day drop of 29.18%; LilPudgys floor price currently reported at 0.81 ETH, with a 7-day drop of 25.53%; BAYC floor price currently reported at 7.25 ETH, with a 7-day drop of 14.7%; MAYC floor price currently reported at 0.93 ETH, with a 7-day drop of 25.13%; Moonbirds floor price currently reported at 2.46 ETH, with a 7-day drop of 26.13%; Azuki floor price currently reported at 1.32 ETH, with a 7-day drop of 17.39%.

[Block Rhythm] On October 12, Bitcoin Core released version v30.0, which brings several new features, performance improvements, and bug fixes, along with updates to multilingual translations. With the release of this version, 27.x and earlier versions have entered the 'end of maintenance' phase and will no longer receive updates.
Important changes include P2P and network changes, new Bitcoin commands, external signatures, IPC mining interface, and more.

【链文】On October 12, news reported that DeFiance Capital CEO Arthur Cheong stated that in the most critical aspects of the market—transparency and fairness—DeFi outperforms CeFi. That said, DeFi still needs some time to catch up with the distribution and user base of centralized exchanges.

Recently, on-chain detective analyzed the mysterious Whale Garrett Jin, who holds over 100,000 Bitcoins and has recently turned to Ethereum for large transactions. Investigations revealed connections to multiple scandals involving trading platforms, holding 46,295 Bitcoins worth approximately $5.19 billion.

The founder of Equation News, Vida, revealed in an article that he has invested another $4 million in SOL and $500,000 in XPL, indicating that this move has a gambling nature. He believes the market will quickly recover after the US stock market opens on Monday, stating that the current crypto market has already absorbed excessive expectations of a fall.

[Bitu] Four.Meme posted on social media that the platform is currently experiencing significant traffic impact, which may lead to slow loading for some users or other service access issues. The technical team is already addressing this matter and is working hard to resolve the issue as soon as possible.

[Chain News] On October 12, according to data platform monitoring, since October 1, a Whale has purchased 339,903 SOL (worth 74.71 million dollars) from a certain DEX and a certain trading platform at an average price of about 220 dollars, resulting in a loss of over 15.5 million dollars. These SOL are currently stored in two Wallets.

[Coin World] The decentralized futures trading exchange Lighter stated that LLP had a tough day in the past 24 hours, with a return rate of -5.35%. A detailed analysis will be released tomorrow, including a compensation plan for LLP holders.

[Coin World] The U.S. Senate has passed the GAIN Act, which is part of the National Defense Authorization Act, requiring chip manufacturers to prioritize American buyers in the purchase of advanced artificial intelligence and high-performance computing processors, and tightening export regulations. This could put pressure on crypto mining miners who are already facing tariffs and hardware costs, potentially weakening their competitiveness against international rivals and undermining the U.S.'s goal of maintaining a leading position in the field of crypto mining. The bill is pending approval from the House of Representatives and presidential signature.

Conflux co-founder Forgiven commented on Ethena Labs' USDe, stating that its essence is a financial certificate rather than a stablecoin, and that there is aggressive financial product innovation. Large-scale Get Liquidated may stem from USDe arbitrageurs' circular loan Position Liquidation, and Ethena subsequently released a reserve proof in response to market skepticism, claiming that USDe still has $66 million in over-collateralization.

[Coin World] The DeFi Staking platform Cryptomesh has raised $2.5 million in Series A funding, with the investors undisclosed. The platform supports over 10 blockchain networks including Ethereum, Aptos, and Optimism, and offers multi-chain staking options to maximize rewards and manage risks. Additionally, the platform has launched a bug bounty program with a maximum reward of $100,000 to enhance security. The funds will be used for global expansion, infrastructure upgrades, and launching new features to meet the growing demands of DeFi users.

"Brother Ma Ji" Huang Li Cheng, after his ETH Long Position was liquidated, converted 177 ETH into 677,000 USDC, and once again went long on ETH and HYPE. Over the past 22 days, his losses have changed from unrealized gains of 44.5 million USD to 10.6 million USD, resulting in a total loss of 55.1 million USD, all due to going long.

On October 11, the official Backpack announced that it has compensated Backpack users affected during today's market flash crash. Backpack reiterated that user trust is more important than anything else.
In addition, 200 KFC meals will be given to users who suffered significant losses in this liquidation, which can be claimed by filling out the official form.

The article analyzes the current Gamma structure of the BTC Options market, pointing out that there is a dense Call buying interest at the upper side while the Put selling interest dominates at the lower side, forming a "short on top and long on the bottom" structure. In the corresponding price range, market makers need to passively buy Spot to hedge when the price rises, creating a supporting effect; whereas when the price dips, it actually provides support. This analysis helps to understand the price fluctuation mechanism, but it should not be considered as investment advice.

The RWA tokenization platform Securitize, supported by BlackRock, is in talks for a public listing with a SPAC initiated by Cantor Fitzgerald LP, with an expected post-merger company valuation exceeding $1 billion, but it may still choose to remain private.