Results of the OpenAI Pro quota vote are in: More users oppose restoring the 5-hour limit.

Benjamin Cowen, founder of crypto market research platform ITC, posted that Bitcoin closing above $83,000 on its weekly chart signals bulls remain in control, while bears need to prove they have taken over market dominance. Cowen noted that based on his past experience, employing the dollar-cost averaging (DCA) strategy in the second half of U.S. midterm election years is a prudent move; this strategy worked in 2018 and 2022, and he hopes it will hold true in 2026.

According to TradingBeats monitoring, W is currently trading at $0.02929, up around 66.3% in 24 hours. Its contract trading volume stands at approximately $24.32 million, with open interest nominal value at roughly $31.08 million. A large bull investor bought W from a short position as early as the morning of September 29, spending about $201,300. On the evening of October 10, this account abruptly added around 10.4511 million W tokens, trading for approximately $183,600 (0x8be0…), after which W saw a sharp rally on the evening of the 11th. Currently, the investor still holds a long position of about 63.4056 million W tokens with 5x leverage, valued at roughly $1.857 million, with an average entry price of $0.014509, unrealized profit of around $937,000, and a return of approximately 509%. Following the price surge, the account has started taking profits. Over the past hour, it has continuously reduced its position by about 3.274 million W tokens, trading for around $90,300, realizing a profit of roughly $42,800 (excluding fees and funding rates). No pending W orders are currently left. Two other low-cost long holders still hold large positions and have not yet taken profits: - Approximately $1.524 million long position: holds 52.0315 million W tokens, average entry price of about $0.013470, unrealized profit of around $823,000 (0x0121…) - Approximately $1.465 million long position: holds 50 million W tokens, average entry price of about $0.011436, unrealized profit of roughly $893,000 (0xeadc…) The three early holders collectively hold long positions worth about $4.846 million, with total unrealized profit of approximately $2.653 million.

As monitored by TradingBeats, on October 12, the NEAR perpetual contract on Hyperliquid hit a high of $5.959, marking a new yearly high. The price is currently quoted at around $5.862, up approximately 10.66% in 24 hours. Trader mk4 (X: @mk4_lul) still holds roughly 5.7565 million NEAR in long positions, with a position value of about $33.74 million, an average entry price of just $2.353, an unrealized profit of around $20.2 million, and a return of approximately 1491%. NEAR is currently the only long position in this address’s main contract account; the trader also holds short positions in seven other assets including BTC, ETH, and SOL, with a combined value of roughly $14.53 million and a net unrealized loss of about $1.18 million. After offsetting long and short positions, the net unrealized profit of all current contract positions is approximately $19.02 million; no position reductions or public orders have been placed so far.

Goldman Sachs released a report stating it maintains its base case that ongoing adjustments to Middle East oil supplies will eventually push crude prices lower, though renewed conflict remains a significant upside risk. The bank raised its December Brent crude price forecast to $90 per barrel, while keeping its 2027 average Brent crude forecast at $80 per barrel. It also projects December 2024 WTI crude prices to average $81 per barrel, and 2027 WTI prices to average $73 per barrel. Goldman Sachs noted that if 2027 average daily oil production in the Gulf region is 5 million barrels lower than its February 2026 level—instead of the 300,000-barrel drop in the base case—2027 average Brent crude prices could reach around $125 per barrel. Conversely, if 2027 average daily Gulf production is 1 million barrels higher than its February 2026 level, Brent crude prices could fall to above $60 per barrel in 2027. (Jin10)

According to HTX market data, DRV, the token of on-chain options protocol Derive, has rallied over 1000% year-to-date, hitting a historical high of $0.575 at one point, and is currently trading at $0.4668.

This week, global markets will focus on the U.S. September CPI data to assess whether the Federal Reserve will maintain its "non-consecutive rate hike" stance. While most Fed officials believe another rate hike may be possible this year, recent comments show they are in no hurry to act at consecutive meetings. Market pricing for a rate hike on October 28 has fallen to around 19%, while a December rate hike is fully priced in. Geopolitically, the stalemate between the U.S. and Iran and the escalating situation in Yemen continue to support oil price risk premiums, while the U.S.-Russia diesel supply agreement has limited short-term impact. Key events are as follows: Tuesday: Cleveland Fed President Mester delivers a speech; Fed Governor Waller speaks at the India Bloomberg New Economy Forum; U.S. September NFIB Small Business Confidence Index, ADP employment change for the week ending September 26, and September existing home sales (annualized); OPEC releases its monthly oil market report. Wednesday: U.S. September CPI and core CPI; Fed officials make a flurry of remarks ahead of the release of the Beige Book; Boston Fed President Collins, Fed Governor Bowman deliver speeches; IEA releases its monthly oil market report. Thursday: U.S. API crude oil inventories for the week ending October 9; U.S. initial jobless claims for the week ending October 10, September retail sales, September PPI and core PPI, October New York Fed and Philadelphia Fed manufacturing indexes; G20 Finance Ministers and Central Bank Governors Meeting. Friday: Fed Chair Powell attends the IMF Annual Meeting in Bangkok and holds a fireside chat with IMF Managing Director Georgieva; Cleveland Fed President Mester delivers another speech; U.S. September Import Price Index, industrial production; U.S. EIA crude oil inventories for the week ending October 9.