According to RootData, yesterday the total net inflow for Bitcoin spot ETFs in the United States was $110.3 million, with BlackRock's IBIT net inflow being $110.3 million, while the other ETFs had no net inflow or outflow.During the same period, the total net outflow for Ethereum spot ETFs in the United States was $88.6 million, with BlackRock's ETHA net outflow being $104.7 million, Fidelity's FETH net inflow being $16.1 million, while the other ETFs had no net inflow or outflow.
Odaily News: According to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $88.58 million yesterday (Oct. 26, US Eastern Time).
The Ethereum spot ETF with the largest single-day net inflow yesterday was Fidelity's ETF FETH, with a single-day net inflow of $16.13 million. FETH's historical total net inflow now stands at $2.38 billion.
The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF ETHA, with a single-day net outflow of $105 million. ETHA's historical total net inflow now stands at $12.16 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $14.07 billion, the ETF net asset ratio (market value as a share of Ethereum's total market value) stands at 4.99%, and cumulative historical net inflows have reached $12.63 billion.
Odaily News: According to SoSoValue data, spot Bitcoin ETFs recorded a total net inflow of $110 million yesterday (Oct. 26, US Eastern Time).
Yesterday, BlackRock's ETF IBIT was the only spot Bitcoin ETF with a net inflow, bringing in $110 million. IBIT's total historical net inflow now stands at $66.244 billion.
As of press time, the total net asset value of spot Bitcoin ETFs is $102.840 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) at 6.41%. Cumulative historical net inflows have reached $57.293 billion.
According to The Block, StoneX raised the target price for Bitcoin treasury company Strive from $32 by 34% to $43, maintaining a buy rating. Analyst Mark Palmer stated that Strive's recent completion of the SATS preferred stock IPO and the expiration of traditional warrants constitute a "clean reset" of the company's capital structure, highlighting its all-preferred stock Bitcoin treasury model.On October 20, Strive completed an expanded IPO of 7 million shares of 15% SATS preferred stock, raising gross proceeds of $630 million. The SATS annual dividend yield is 15%, and the company has reserved enough funds to cover payments for the first 18 months. Palmer noted that SATS has a lower priority than the previous SATA preferred stock, so every dollar raised will increase assets without increasing claims that are senior to the senior preferred stock.Strive disclosed on Monday that from October 17 to 23, it purchased 6,182 BTC, increasing its total holdings to 43,000 BTC. Strive's stock price fell 9.15% on Monday, closing at $26.32.
Financial services company StoneX raised the target price for Bitcoin public company Strive (stock ticker ASST) from $32 to $43, an increase of approximately 34%, and reiterated a buy rating. Yahoo Finance analyst records indicate that this adjustment date is October 26, 2026.The Block reported that the new stock issuance arrangement strengthens Strive's Bitcoin strategy. Strive disclosed on Monday that from October 17 to October 23, it increased its holdings by 6,182 Bitcoins, bringing the total holdings to 43,000; the company also announced a $1 billion SATS issuance plan at market price on the same day. Related information also shows that the average purchase price for the aforementioned Bitcoins was approximately $82,732 each, with the holding statistics as of October 23.
According to SoSoValue data, the Bitcoin spot ETF had a total net inflow of 110 million USD yesterday (Eastern Time, October 26). The Bitcoin spot ETF alone, managed by Blackrock, had a net inflow of 110 million USD yesterday, bringing the historical total net inflow of IBIT to 66.244 billion USD.As of the time of publication, the total net asset value of the Bitcoin spot ETF is 102.84 billion USD, with an ETF net asset ratio (market value as a percentage of Bitcoin's total market value) reaching 6.41%, and the historical cumulative net inflow has reached 57.293 billion USD.
Zcash co-founder Sean Bowe released a ZIP draft proposing to stop the automatic allocation of block subsidies to Zcash Community Grants (ZCG) and redirect the original 8% subsidy share to the Network Sustainability Mechanism (NSM).The draft states that ZCG currently holds approximately 91,452.98 ZEC, valued at about 125 million dollars, and the existing funds are sufficient to continue supporting related activities without the need for ongoing block subsidies. If the proposal takes effect, from the specified activation height, the original 8% share will be allocated to the NSM fund until the original funds expire; the existing assets and governance rules of ZCG will remain unchanged.
Odaily News: StoneX raised its price target on Bitcoin treasury company Strive from $32 to $43, a 34% increase, while maintaining a Buy rating. Analyst Mark Palmer said Strive's recent SATS preferred stock IPO and the expiration of legacy warrants constitute a "clean reset" of the company's capital structure, highlighting its all-preferred-stock Bitcoin treasury model. On Oct. 20, Strive completed an upsized IPO of 7 million SATS preferred shares with a 15% dividend rate, raising $630 million in gross proceeds, and has set aside sufficient funds to cover dividend payments for the first 18 months. Palmer said the SATS preferred stock ranks below the earlier SATA preferred stock, so every dollar raised adds assets without adding claims senior to the senior preferred stock.
Former Microsoft executive Peter Sellis announced that he has joined Elon Musk's social platform X, responsible for product operations. He stated that he will promote improvements in X's product experience, as well as the growth of global users and business operations, and mentioned the goal of bringing online posting into the "interplanetary era."Peter Sellis previously led design, engineering, and growth in Microsoft's AI department and served as Senior Vice President of Product at Discord and Vice President of Product at Snap. X's former product head and Solana advisor Nikita Bier previously worked in Sellis's team at Discord.
After Anthropic publicly submitted its prospectus the previous evening, investment institutions and market participants began to assess its growth quality, cost structure, and potential valuation. Morningstar senior equity analyst Malik Ahmed Khan and PitchBook analyst Rolfes stated that as of September 30, Anthropic had over 11,900 enterprise customers contributing at least $100,000 in revenue over the last 12 months, compared to about 950 in the same period last year. Khan believes this reflects a faster adoption of Claude in the enterprise market and significant revenue growth.Analysts also pointed out that the rapid increase in customer numbers alone is insufficient to indicate long-term revenue stability. The prospectus lacks detailed data on customer retention, and the disclosed net revenue retention rate is also affected by a small base; as the comparison base expands, this metric may decline. Investment in computing power is another focus. Morningstar believes that Anthropic currently demonstrates a certain level of computing efficiency and operational efficiency, but some computing resources and related expenditures have not yet been fully reflected; as more computing power is utilized, costs may rise, and if revenue growth does not keep pace, profit margins will be under pressure.PitchBook analyst Rolfes reminded that the scale of future computing contracts and infrastructure commitments is enormous, and whether revenue growth can be sustained is an important variable in assessing profitability prospects. Gavin Baker, managing partner and chief investment officer of Atreides Management, stated that it is still possible for Anthropic to reach an annualized recurring revenue of $100 billion by the end of the year; this statement reflects his personal judgment and is not the company's published performance guidance. Nigel Green, CEO of independent financial advisory firm deVere Group, questioned the market's rumored potential valuation of $2 trillion, calling this expectation "absurd," and reminded to pay attention to infrastructure investments, slowing growth, and future financing needs. The $2 trillion figure remains a market rumor, and the prospectus has yet to determine the offering price and scale.
OpenAI recently announced that its AI model has cracked the Exponential Time Hypothesis, abbreviated as ETH, which has been a longstanding conjecture in computer science for over twenty years, and is not related to Ethereum. This hypothesis focuses on how difficult particularly hard problems are, using the Boolean Satisfiability Problem (SAT) as an example: given a set of logical conditions, is there an assignment that makes all conditions true simultaneously? As the problem size increases, the best-known methods essentially can only try possible answers one by one, with the time cost growing exponentially with the size. The Exponential Time Hypothesis further asserts that such problems cannot be significantly accelerated, and there are no truly sub-exponential time efficient algorithms.Since its proposal in 1999, this hypothesis has been a crucial cornerstone of theoretical computer science, with numerous papers proving that certain problems are hard and that some algorithms are close to optimal based on it. If the Exponential Time Hypothesis were to be overturned, it would imply that many problems considered nearly impossible to solve faster might theoretically have better solutions. OpenAI claims that its model has found a deterministic algorithm that can accurately count the number of solutions to the k-SAT problem in sub-exponential time, and it has been formally verified using Lean. If this result withstands expert scrutiny, it will directly challenge the Exponential Time Hypothesis.
Odaily News: Mark Zandi, chief economist at Moody's Analytics, said the Federal Reserve will not raise interest rates again at its meeting this week, and it should not do so. The U.S. economy is being threatened by a growing number of risks, and a Fed misstep is one of them. This is the clear message conveyed by Moody's "risk matrix." The matrix measures risks by assessing the likelihood of each risk occurring within the next 12 to 18 months and the degree of economic damage it could cause if it does occur. A large number of red warnings have appeared in the matrix, indicating that risks are becoming more likely or more severe. (Jinshi)
Odaily News: According to Lookonchain monitoring, Machi Big Brother (@machibigbrother) has lost all funds on Papertrade and now has only $4,517.7 left on Hyperliquid. One hour ago, Machi sold a Mutant Ape at a loss to raise funds for subsequent trades.
According to Rootdata, yesterday (Eastern Time October 26), the total net outflow of the SOL spot ETF was $8.2287 million.The SOL spot ETF with the highest net outflow for the day was Bitwise Solana Staking ETF (BSOL), with a net outflow of $7.2212 million. As of that trading day, BSOL had a historical cumulative net inflow of $1.162 billion.Next was Grayscale ETF GSOL, with a net outflow of $1.8252 million. As of that trading day, GSOL had a historical cumulative net inflow of $152 million.As of that trading day, the historical cumulative net inflow of the SOL spot ETF was $1.532 billion.
Morgan Stanley's Chief Equity Strategist Mike Wilson stated that despite the cooling enthusiasm for artificial intelligence trading and recent pressure on U.S. stocks, he maintains his forecast for the S&P 500 index to close at 8000 points by the end of the year. Morgan Stanley has set a tactical downside target for the S&P 500 at 7100 to 7200 points, slightly below the 200-day moving average, while the basic year-end target remains at 8000 points. Wilson noted that several upcoming clearing events, including the midterm elections, should mark the end of the current stock market adjustment.Wilson is relatively cautious about the semiconductor sector, believing that support levels may be significantly lower than current levels, but selling pressure may ease next month. The strategy team stated that as the market questions the timing and scale of revenue realization related to artificial intelligence, the semiconductor and other capital expenditure beneficiary sectors have become the epicenter of financing concerns; there are new doubts about the cost of capital for some participants and whether the credit market can provide sufficient funds to support related expenditures, as governments and non-AI-related capital expenditures are also competing for funds. The team indicated that given the possibility of more financing plans in the future, it is normal for the market to focus on the supply side, but this concern will persist until financing is completed.The five-year credit default swaps of the highly leveraged new cloud service provider CoreWeave closed above 1100 basis points last week, implying a default probability of about 50% on its debt within five years. Wilson's team believes that the adjustment in the semiconductor sector has entered its final stage, expecting this round of adjustment to end by mid-November; however, based on technical analysis and comparisons with the once-hot silver market, the sector may decline another 10% to 15% from current levels, with the Philadelphia Semiconductor Index potentially dipping to around 9500 points. Last week, the Nasdaq Composite Index fell a cumulative 0.7%, with a total decline of over 5% in the past two weeks; on Monday, Anthropic's public IPO prospectus boosted the AI sector, leading chip stocks to rise, and the Nasdaq Composite Index increased by 0.82%, closing at 26169.38 points.
The Hurun Research Institute released the "2026 Hurun Rich List." This year, a total of 1,529 entrepreneurs with personal wealth exceeding 5 billion yuan made the list, an increase of 95 from last year, setting a new historical high. The total wealth of the listed entrepreneurs is 32 trillion yuan, a year-on-year increase of 7% (2.1 trillion yuan).Zhang Yiming, the founder of ByteDance, became China's richest person for the second time with 670 billion yuan, breaking the record for the wealth of China's richest person. Zhong Shanshan, the founder of Nongfu Spring, saw his wealth shrink by 120 billion yuan, falling to second place with 410 billion yuan. Liang Wenfeng, the founder of DeepSeek, made the list for the first time, entering the top ten with 280 billion yuan.
According to on-chain analyst Ai Yi's monitoring, the address 0x721...E5991, marked by Arkham as associated with Sun Yuchen, withdrew 46.5 trillion PEPE (approximately 20.32 million USD) from Poloniex 10 hours ago.Since October 17, it has cumulatively transferred out 48.76 million USD worth of PEPE and currently holds 118 trillion PEPE, with an average withdrawal price of 0.000004114 USD, resulting in an unrealized profit of 2.085 million USD.
Odaily News: According to monitoring by on-chain analyst Yu Jin, a hacker who stole approximately $40 million in assets from UXLINK last year opened a long position in 30,300 ETH on Hyperliquid at $2,134, with the position valued at $70.25 million and currently showing an unrealized profit of $5.62 million. The funding address for the ETH long position has a direct fund overlap with a known UXLINK hacker address: one month ago, both addresses consolidated their remaining ETH gas into the same wallet on the same day. In early August, after consolidating 11.54 million USDC from multiple channels, the hacker began trading ETH on Hyperliquid, opening a total of 6 positions, with 5 profitable, for total gains of $5.71 million.
Odaily News: DeFi researcher Ignas published a review of the year's strongest tokens, noting that only three categories—trading, AI, and privacy—have outperformed Bitcoin this year:
1. Trading tokens have been the standout performers, with DRV up 665%, HYPE up 200%, PUMP up 121%, and RAY up 106%. The logic behind these gains is that speculative trading generates fee revenue for the protocols, which then support token value through buyback mechanisms.
2. Among AI tokens, VVV rose 1,431%, NEAR gained 203%, and GRASS climbed 151%.
3. Among privacy tokens, ZEC rose 137% and XMR gained 37%.
Ignas also mentioned QNT and MORPHO from the institutional adoption narrative, which rose 173% and 89%, respectively. However, aside from these categories, most tokens have performed poorly this year, and finding tokens with strong revenue-generating capacity is currently a relatively easy trading approach to grasp.
