MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

Crypto analyst Darkfost notes that approximately 53% of total invested capital is concentrated above Bitcoin’s current price level of around $83,000, meaning buying Bitcoin at this level would put your holding cost lower than more than half of existing investors. The $84,000–$85,000 range is the largest cluster of trading positions; many investors react at this key level, making it Bitcoin’s core resistance that it must break through. Moving lower, the $79,000–$77,000 range may act as a support level. If the price fails to effectively break through the $84,000–$85,000 range, the market may first retest this support zone. Once the price breaks above this dense position cluster with significant trading volume and holds steady there, it will mean the cost pressure for most existing holders has been absorbed, and subsequent upward resistance will ease noticeably.

Bitcoin treasury firm Strive CEO Matt Cole, following in Michael Saylor’s footsteps, has released details related to a Bitcoin tracker. He stated “Think ?igger,” hinting that he will announce another Bitcoin purchase next week. Earlier on October 5, Matt Cole disclosed that Strive bought 2,000 BTC at an average price of $84,422 per coin, totaling approximately $169 million, bringing the company’s total Bitcoin holdings to 29,462 coins.

Onchain derivatives protocol Variational, built on Arbitrum, has announced a campaign to distribute over $1 million and 150,000 platform points to the chain’s top 10,000 most active perpetual contract traders (excluding market makers) to attract their onboarding. Eligible traders can receive up to 3,000 Variational points, while referrers are entitled to up to $15,000 in rewards. More than 750 new users have already registered via the initiative. On September 24, Variational unveiled its VAR tokenomics: 32% of total tokens will be allocated to a genesis airdrop (distributed proportionally to users’ points, fully unlocked at TGE), 18% to ecosystem reserves (managed by the foundation), and 50% to the team and investors (locked for 12 months post-TGE, then linearly unlocked over a minimum of 3 years). The team plans to hold its token generation event (TGE) in Q4, and will continue distributing 150,000 points weekly until then. Additional airdrop terms include: a minimum of 1 point is required to claim; unclaimed airdrop allocations will be burned; and 100% of protocol revenue will be used for VAR buybacks and burns.

On-chain analyst Specter has pointed out that Arkham incorrectly tagged a THORChain wallet address as linked to the CryptoBillis Ledger hack, which caused crypto security firm PeckShield to mistakenly assert that the CryptoBillis Ledger attacker had deposited approximately $3.89 million in crypto assets to Binance over the past two days. PeckShieldAlert has responded that it will correct the related labels.

According to Axios, Ukrainian President Volodymyr Zelensky stated that Donald Trump’s ceasefire announcement came as a surprise to him. Zelensky added that Ukraine would agree to an energy ceasefire if Russia consents. Earlier, Trump announced that Russia and Ukraine had reached an energy ceasefire.

US President Trump: "Energy ceasefire" reached in the Russia-Ukraine war, effective immediately. Both sides have agreed not to sabotage the deal.