Odaily reports: Crypto analyst Ali has stated that $1.26 may currently be the lower boundary of the price channel XRP has formed since August. If this support level is broken, the price could first decline to $1.11, and further downside could reach $0.98, roughly 22% below $1.26.

Ali believes that if whales continue selling, XRP could fall to $0.98. Data shows that over the past few weeks, the number of wallets holding between 10 million and 100 million XRP has dropped from 351 to 339; meanwhile, the amount of XRP held on exchanges has risen from 11.003 billion to approximately 11.05 billion, an increase of about 50 million, and has remained at a high level over the past week, potentially indicating increased selling pressure.

Odaily reports: Crypto analyst Darkfost posted that this round of deleveraging was driven by a combination of price declines, cascading liquidations, and traders actively closing positions to reduce risk. Looking back at July of this year, Ethereum also experienced a more severe contraction in open interest, after which it stabilized and rebounded, gaining over 32% and briefly breaking above $2,800. Deleveraging is part of the market correction process; such phases are often accompanied by panic sentiment and may also occur at the tail end of a correction.

Over the past three weeks, the altcoin market has shown overall weakness, with Ethereum's price pulling back roughly 15% and its market cap shrinking by approximately $54 billion. In the derivatives market, ETH open interest on Binance fell by $1.3 billion over the past month, a decline of nearly 20%, dropping to $5.7 billion; total ETH open interest across the entire network fell to $11.5 billion.

Odaily: ai16z founder Shaw posted on X that he has completed 90% of the reverse engineering work on the entire Pump.fun contract, expects to finish it all tonight, and said, "Open source everything, or you will be forced to open source."

Odaily: BTC critic, gold advocate, and economist Peter Schiff posted on X platform that Bitcoin has finally begun to weaken, and it's hard to believe it held up for so long. Bitcoin has now fallen below $80,000, and the next stop could be $75,000.

Peter Schiff stated that if this price level cannot hold today, Bitcoin holders will face a very long weekend, especially ETF investors, since they won't be able to sell until Monday.

According to Odaily, data from the Korea Securities Depository shows that from October 1 to 22, South Korean individual investors accumulated approximately $4.8 billion in net purchases of US stocks, of which the triple-leveraged US semiconductor ETF (SOXL) saw net purchases of $3.548 billion (approximately 4.7 trillion Korean won), accounting for 73.9% of total net US stock purchases during the same period.

Meanwhile, as the Korea Composite Stock Price Index (KOSPI) has fallen 18.83% cumulatively this month, from October 1 to 23, individual investors net purchased a combined 315.4 billion Korean won in single-stock leveraged products related to Samsung Electronics and SK Hynix, marking the first resumption of monthly net purchases since regulatory tightening at the end of July. (Chosun Ilbo)

Odaily reports: According to monitoring by Keystone, Keystone discovered unauthorized access to its official website on October 20. After verifying API activity with Shopify, it confirmed on October 23 that a third party had obtained customer shipping information. The leaked information includes names, contact details, shipping addresses, and order details, covering products and prices; payment card or bank information, mnemonic phrases, private keys, and wallet passwords were not leaked. Keystone has blocked the access, fixed the vulnerability, and launched an investigation. It is notifying affected users via email and reminding users to be vigilant against scams impersonating Keystone under the guise of refunds or device replacements, and under no circumstances to provide mnemonic phrases or private keys to anyone.

Odaily News: Yesterday, BlockBeats suffered a cyberattack, which caused abnormalities on its website. Meanwhile, some Odaily App users received security alerts from the Apple system, which led to market misunderstandings that Odaily had also been affected by the attack.

In response, we hereby formally state: Odaily is not affected by the DarkSword attack, and the App has not been affected by this security incident.

The actual reason is that the Odaily App was temporarily removed from the App Store last week due to issues related to the Apple developer account. We have communicated with Apple officials and are pushing forward with resolving the issue. We are currently in the process of reviewing a new version and restoring the app to the store. Due to the large backlog in App Store reviews recently, the update and relisting are expected to be completed next week.

It should be emphasized that this removal was an operational issue caused by adjustments to the entity of the company's own developer account, and is unrelated to regulatory policy, business compliance, App content, or platform security.

The alerts received by some users were notifications issued by the Apple system regarding the app's status, and are unrelated to the DarkSword attack or to any security issues with the Odaily App itself. Because the two incidents occurred close together in time, unnecessary misunderstandings were caused.

The Odaily App is currently operating normally, and existing users can continue to use it as usual. This incident does not involve Odaily security issues or any security risks caused by the DarkSword attack.

Thank you to all users and partners for your attention and trust. We will promptly update everyone on the progress of the App's relisting and updates.

Odaily reports: The U.S. Securities and Exchange Commission (SEC) has published its examination priorities for fiscal year 2027, covering areas including investment adviser fiduciary duty, retail investor protection, private funds and private credit, anti-money laundering, cybersecurity, and customer information protection. In areas related to the crypto industry, the SEC will focus on tokenization and related market infrastructure development, and will examine the impact of advanced technologies such as superintelligence on market operations, compliance, fraud prevention, and investor protection. The SEC stated that these examination priorities are not a complete list of examination matters for fiscal year 2027, and the examination division will dynamically adjust its focus based on changes in market events, investor concerns, emerging technologies, and new products and services.

Odaily reports: U.S. spot Bitcoin ETFs saw a net outflow of $635.6 million on Thursday, the largest single-day net outflow since June. Among them, BlackRock's IBIT saw a net outflow of $254.1 million, Fidelity's FBTC saw a net outflow of $217.5 million, and Ark Invest and 21Shares' ARKB saw a net outflow of $109.4 million. Morgan Stanley's MSBT bucked the trend with a net inflow of $2.3 million; since its launch in April this year, the fund has recorded only one single-day net outflow.

Despite the large outflow on Thursday, U.S. spot Bitcoin ETFs still recorded cumulative net inflows of $442.7 million this week. Since their launch in January 2024, such ETFs have accumulated more than $57 billion in net inflows, with assets under management exceeding $100 billion. Meanwhile, U.S. spot Ethereum ETFs saw a net outflow of $110.6 million on Thursday, Solana and Hyperliquid ETFs also saw outflows, while XRP ETFs recorded a net inflow of $3.6 million.

In the market, Bitcoin fell to about $81,500 at one point on Friday, down 3.4% over the past 24 hours. The selloff in U.S. tech stocks spread to Asian markets, compounded by concerns over AI spending and geopolitical tensions, weighing on crypto market performance. Over the past 24 hours, liquidations of leveraged positions in the crypto market totaled at least $440 million, of which about $397 million were long liquidations. Jeff Anderson, head of STS Digital's U.S. division, said the market has recently remained in a trading range of $80,000 to $86,000, and attention should be paid to the direction of a breakout from the range. (The Block)