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Odaily News: According to Lookonchain monitoring, an address spent $1.22 million to buy 30.65 million MEME tokens over the past month, becoming the largest holder of MEME. The address is currently down $708,000, a loss of 58%, and was still buying 10 hours ago.
Odaily News: DeepSeek is nearing the completion of a new funding round expected to raise at least 80 billion yuan (approximately $12 billion), significantly exceeding the company's previous target of about 50 billion yuan. People familiar with the matter said Tencent Holdings and CATL have committed to contributing larger amounts in this round, and the financing transaction is expected to close soon. Due to a significant increase in market demand and investment interest following the release of DeepSeek's latest AI model, this funding round has exceeded expectations, with the final amount potentially approaching 100 billion yuan.
Previously, DeepSeek sought to raise about 50 billion yuan, but investor interest in its AI technology progress drove the funding scale to expand further. DeepSeek had already attracted attention from institutions including Tencent and CATL, and has been using financing to expand computing infrastructure, AI model research and development, and team building. Bloomberg Línea
According to reports, DeepSeek plans to conduct an initial public offering (IPO) in early 2027, and this large-scale funding will provide financial support for its pre-listing development. DeepSeek has gained global attention for its low-cost, high-performance AI models and is currently increasing investment in next-generation AI technology and computing resources. (Bloomberg)
Odaily News: US Treasuries have recently come under selling pressure, with yields rising to multi-decade highs. Citadel Securities believes the core of this move is not worsening inflation expectations, but rather stronger US economic growth, along with fiscal spending and artificial intelligence investment that are together driving up demand for capital.
Nohshad Shah, Citadel Securities' head of fixed income sales for Europe, the Middle East and Africa, said in a note to clients on Monday that the September rise in US 10-year Treasury yields came almost entirely from real yields, while inflation expectations remained relatively stable. Real yields refer to bond returns after adjusting for inflation. Shah believes the higher real yields reflect a US economy supported by fiscal easing, loose financial conditions and large-scale artificial intelligence investment.
For the Treasury market, this judgment means that rising yields are not necessarily just an inflation story. As long as the US economy remains resilient and government deficits and AI investment stay at high levels, investors may demand higher real returns to provide funding, leaving Treasury yields facing further repricing pressure.
Odaily News: Polymarket has filed a lawsuit in a Dutch court seeking to overturn a ban imposed by the Dutch gambling regulator on its prediction market. The company argues that its event contracts are derivatives and should be regulated by the Netherlands Authority for the Financial Markets (AFM), not the Dutch Gambling Authority (KSA).
On January 20, the KSA ordered Polymarket to stop providing services to Dutch users within four weeks or face weekly fines of €420,000, up to a maximum of €840,000. The KSA said inspectors had registered an account through a Dutch IP address, topped it up with €10 using a Dutch bank account, and bought $1 worth of "Yes" shares in the "Next Dutch Prime Minister" market.
Polymarket said it activated IP blocking on February 18, but the KSA determined the measure came one day after the deadline and decided to collect the €420,000 fine. On June 23, the KSA rejected Polymarket's objection, noting that Dutch law prohibits betting on non-sporting events and that licensed operators may not accept cryptocurrency payments. (Bitcoin.com News)
Odaily News: The Ethereum development team completed an emergency software update on the Sepolia testnet ahead of the Glamsterdam upgrade test, fixing an issue that could cause some validators to produce low-capacity blocks. The test will raise the Sepolia network's gas limit from about 60 million to 200 million to validate Ethereum's future plans for boosting network throughput. Ethereum validator client Prysm released version 7.2.1 on Monday evening; the previous version was released before the relevant Sepolia parameter adjustments, meaning validators who did not manually change their settings would still run at the 60 million gas limit. The update will ensure validator nodes participate in the Glamsterdam test as expected.
Odaily News: The Ethereum development team completed an emergency software update before the Glamsterdam upgrade test on the Sepolia testnet, fixing an issue that could cause some validators to produce low-capacity blocks. The test will raise the Sepolia network's gas limit from about 60 million to 200 million, validating Ethereum's future network processing capacity improvements.
Glamsterdam is Ethereum's next major upgrade, and Sepolia, as a testnet, will deploy the related improvements first to simulate the upgrade's effects. Gas is the unit that measures the computational capacity an Ethereum block can handle. Raising the gas limit means a single block can contain more transactions and more complex on-chain operations, but it also increases the computational pressure on nodes running the network.
Ethereum validator client Prysm released version 7.2.1 on Monday evening, adding the 200 million gas limit configuration. The previous version was released before the relevant Sepolia parameter adjustments, so if validators did not manually change the settings, they would still run with a 60 million gas limit. This update ensures validator nodes can participate in the Glamsterdam test as expected. (CoinDesk)
Odaily News: Bitcoin is facing selling pressure, stalling near $87,000 for the third time since September 23. FxPro analyst Alex Kuptsikevich said that since early last week, BTC has formed a pattern of "higher local lows," but bulls still lack sufficient upward momentum. The price is now approaching the apex of a triangle formed by horizontal resistance and an ascending support line. A breakout from this pattern could bring greater volatility to the market.
The total crypto market cap has fallen back to about $2.93 trillion. Meanwhile, U.S. stocks have performed strongly, with the Nasdaq 100 hitting a record closing high and the S&P 500 less than 0.5% from its all-time high. However, U.S. Treasury yields continue to climb, with the 10-year yield rising to 5.32%, near its highest level since 2002.
Market observers believe that for BTC to break through $87,000, sufficient buying pressure is needed to absorb the persistent selling pressure near that level. Once it holds above that level, it could open further room toward its nearly 8-month high. (CoinDesk)
Odaily News: According to SoSoValue data, Ethereum spot ETFs recorded a total net inflow of $111 million yesterday (October 5, US Eastern Time).
The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of $130 million. ETHA's total historical net inflow now stands at $13.4 billion. Notably, ETHA implemented a 1:3 reverse stock split on October 6, meaning every 3 shares were consolidated into 1 share, with the share price adjusted to 3 times the original, while the total market value of holdings remained unchanged.
The Ethereum spot ETF with the highest single-day net outflow yesterday was Fidelity's ETF FETH, with a single-day net outflow of $18,881,900. FETH's total historical net inflow now stands at $2.328 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $17.69 billion, the ETF net asset ratio (market value as a proportion of Ethereum's total market value) is 5.34%, and cumulative historical net inflows have reached $13.913 billion.
Odaily News: According to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $89.8978 million yesterday (October 5, US Eastern Time).
The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $69.853 million. IBIT's historical total net inflow has now reached $65.802 billion.
The Bitcoin spot ETF with the largest single-day net outflow yesterday was Ark Invest and 21Shares' ETF ARKB, with a single-day net outflow of $85.2054 million. ARKB's historical total net inflow has now reached $1.316 billion.
As of press time, the total net asset value of Bitcoin spot ETFs stands at $110.773 billion, the ETF net asset ratio (market value as a proportion of Bitcoin's total market value) is 6.43%, and cumulative historical net inflows have reached $57.698 billion.
Odaily News: Roman Storm posted on X that the US Department of the Treasury recently acknowledged in a filing that its previous rules regarding mixers were problematic and noted that the policy could have a "chilling effect" on lawful activity. Storm said that although the relevant Treasury department now believes the policy is problematic, the US Department of Justice in his case still maintains that even lawful transactions through Tornado Cash constitute illegal conduct because they could be used for money laundering, sanctions evasion, and other criminal purposes. Storm said the government's non-criminal division considers the policy improper, while the criminal justice division believes all related transactions constitute crimes; he has been detained and prosecuted for more than 1,139 days and said his case stems from developing open-source code. Storm also said the Southern District of New York (SDNY) filed a new document today, and the US Department of Justice is still pushing for his conviction.
