MEXC has listed Hyperlane (HYPER) for pre-market trading

Israeli Channel 13 TV reported on local time October 10 that US President Trump and Israeli Prime Minister Benjamin Netanyahu have recently engaged in frequent, urgent communications over a possible new round of joint US-Israeli military strikes on Iran. Citing multiple senior officials from Israeli security agencies, the report stated that no final decision has been reached on the matter, and Netanyahu has no intention of launching military action ahead of Israel’s parliamentary elections at the end of this month. It also noted that the Israel Defense Forces (IDF) believes the US is leaning toward restarting military operations against Iran, and the IDF is currently preparing for all possible scenarios accordingly.

BlockBeats News, October 11, 2025 — The epic "1011" crypto crash officially kicked off around 5 AM. Bitcoin fell at an average rate of nearly 1% per minute over 30 consecutive minutes with no resistance. The most extreme price swing occurred at 5:19 AM, when Bitcoin plunged more than 4% in that single minute, losing nearly $5,000 and hitting a low of $102,000. Bitcoin tumbled 12% overnight that day. On the news front, Trump announced the restart of trade wars the same day. Altcoins also suffered heavy losses afterward. Over $19.156 billion in crypto liquidations were logged in 24 hours, with more than 1.6 million traders liquidated—both figures marking 10-year highs for crypto derivatives trading.

Multicoin Capital co-founder Kyle Samani announced on X that his largest personal angel investment to date has been allocated to Backpack. On September 2, Backpack revealed that Samani—also an early Solana investor—has joined the Backpack US board of directors. Samani has long focused on DeFi, blockchain infrastructure, and the evolution of global capital markets. Backpack noted that the appointment reflects the shared view of both parties that the future of global finance will integrate institutional-grade risk control with the efficiency and transparency of on-chain markets.

Security researcher @cyberscrilla has discovered a fake Ledger website and app appearing at the top of Google search results, designed to trick users into revealing their 24-word recovery phrases. Reportedly, Google data shows the site has received over 1 million visits in the past 30 days. Earlier, cybersecurity firm Zscaler uncovered in a September investigation that malicious Google ads impersonating Ledger were redirecting users to fake wallet verification pages. Currently, Ledger is probing an alleged wallet theft case involving customers of Southeast Asian dealer CryptoBilis, with an estimated loss of $86 million.

Bitmine, an Ethereum treasury firm’s Chairman Tom Lee recently stated that Ethereum is poised to rally to between $25,000 and $50,000 in the current cycle. He noted that ETH has traded in a similar range over the past five years, and its ongoing consolidation may lay the foundation for a larger breakout down the line. Tom Lee also projected ETH’s price will surpass $5,000 by year-end, adding that if Bitcoin climbs above $100,000, ETH could hit roughly $7,500.

According to official website data, Papertrade recorded over $80 billion in cumulative notional trading volume within its first hour of launch. BlockBeats analyzed that the platform’s early trading frenzy may be tied to its unique mechanism. Per its official documentation, the issuance model of Papertrade’s native token PAPER works as follows: for every $1 a platform user loses, the protocol mints a certain amount of PAPER on a curve. When the protocol’s LP balance is below $2 million, the minting rate is fixed at 100 PAPER per $1 in losses; now that the LP pool size exceeds $2 million, PAPER token emissions have entered a decay phase. Likely driven by the above-mentioned "trading losses for tokens" mechanism, data shows that users on the platform have accumulated $4.73 million in total trading losses. Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM, which pulls prices from the BBO mid-price of Hyperliquid’s order book. Users trade directly against the protocol’s LP as counterparty, rather than via traditional order book matching. The protocol’s key selling points include high leverage, zero slippage, and no funding fees.