China Securities Regulatory Commission (CSRC): On High Alert for New Risks Such as Overseas Leveraged Products Tied to Individual A-Share Stocks

According to official announcements, the BNB Foundation has completed its 37th quarterly token burn, with a total of 1,646,200 BNB tokens burned in this round, valued at approximately $1.197 billion. Post-burn, BNB’s total circulating supply has fallen to around 131.5 million tokens.

According to Lookonchain's monitoring, the newly created wallet 0xb15b has been liquidated multiple times over the past 10 hours, with a total of 8,163 ETH liquidated, valued at approximately $19.78 million.

CryptoQuant certified analyst XWIN Japan stated in a post that the latest on-chain data shows Bitcoin still exhibits signs of bottoming, though its recovery is uneven. Exchange reserves have rebounded, spot demand has turned negative again, and holding behaviors of whales of different sizes have diverged. 1. Exchange reserves rebound: In early October, Bitcoin exchange reserves stood at around 2.67 million coins, and have now risen to approximately 2.68 million. While still lower than the level in January, the rise in reserves does not necessarily mean increased selling pressure; it may also be related to changes in custody methods. 2. Spot demand recovery blocked: The 30-day spot demand indicator once approached zero, then turned negative again. Perpetual contract demand remains positive, providing support for total demand. This indicator differs from the previously discussed apparent demand indicator, and their values cannot be directly compared. 3. Divergence in holdings among different-sized whales: The group holding 100 to 1,000 BTC has remained net buyers over the past 60 days, but the buying intensity is lower than the peak in late September. The net decline in holdings of the group holding 1,000 to 10,000 BTC has narrowed to nearly zero, while the group holding more than 10,000 BTC is still in a net selling state, indicating that buying has not yet spread widely. The above rolling data includes activities before October and may also be affected by address transfers between groups of different holding sizes. XWIN Japan believes that low exchange reserves and continued net buying by some whales still support Bitcoin's bottoming. However, for a sustainable recovery, spot demand needs to stay positive, buying needs to absorb BTC flowing back into exchanges, and buying behavior needs to expand to more holding groups. Additionally, market expectations from the U.S. midterm elections and monetary policy also need to translate into actual buying.

Beating AI News: MiniMax’s official X account posted a teaser with the message “Welcome back, Space Bunny”, announcing the upcoming launch of MiniMax-M3.1-Flash. This marks the first time MiniMax has publicly linked its previously viral anonymous model Space Bunny to the M3.1 Flash line. On September 23, Space Bunny Alpha launched anonymously on OpenRouter and OpenCode, available for free for a limited time. It supports a 1 million-token context window, image and video input, and adjustable inference intensity, once topping the daily usage charts of both platforms. Developers later identified it as highly consistent with MiniMax’s M-series via tokenizer fingerprint and token count tests, though the company never confirmed its identity at the time. In fact, MiniMax opened the public beta of M3.1-Flash-Preview as early as September 27, focusing on high-speed inference and programming tasks. The official API documentation now features MiniMax-M3.1-Flash without the Preview suffix, supporting five levels of inference intensity and tool calling.

According to an official announcement, Bitget has launched 108 spot stock rTokens, including rTCEHY (Tencent Holdings ADR), rBYDDY (BYD ADR), rXIACY (Xiaomi Group ADR), and rVWAGY (Volkswagen ADR), covering multiple popular sectors such as leading global ADRs, space technology, and new energy. As of now, the Bitget platform supports a total of 3,035 rTokens. It is understood that rTokens, identified by the letter "r" followed by a stock ticker (e.g., rNVDA for NVIDIA), are issued by Reality, Bitget’s licensed Real-World Asset (RWA) protocol, and connect directly to global liquidity pools including the Nasdaq and New York Stock Exchange via a partnership with regulated broker Alpaca. Key features include: 1:1 reserve of underlying assets held by licensed custodians, 1:1 distribution of stock dividends in token form, synchronized mapping of corporate actions (such as stock splits and consolidations), and positions can be used as combined margin for unified accounts and U.S. dollar-denominated contracts, enabling users to flexibly manage funds while holding global stock assets.

This new wallet (0xb15b) suffered multiple liquidations over the past 10 hours, with a total of 8,163 $ETH ($19.78M) liquidated.