Bitcoin Policy Institute Calls for Reform of U.S. Bitcoin Tax Rules

SlowMist's Chief Information Security Officer 23pds posted a statement confirming that the Coinbase data breach is authentic, with hackers obtaining contact information of more than 70,000 users. It has not yet been confirmed whether user passwords or funds have been stolen.

Solana ecosystem wallet Solflare announced that its staking service provider experienced a security incident, affecting the Solflare validator keys held by the provider, and an investigation is ongoing. As a result, Solflare’s validators are currently unable to generate staking rewards. Solflare clarified that users’ SOL assets remain secure, with no user funds misappropriated. Delegated staking assets are stored in users’ personal staking accounts, controlled exclusively by user keys, meaning neither validators nor any party holding their keys can transfer these assets. The wallet will migrate to new validators, and user stakes will need to be migrated accordingly. No user action is required at present; future app updates will provide secure migration guidance. Staking rewards will stay suspended until staking on the new validators is activated, and the team is drafting a compensation plan for all users who complete the migration. Migration will only be conducted via the Solflare app; the team will never message users privately or send external migration links.

According to Onchain Lens monitoring, Ethereum co-founder Vitalik Buterin transferred 1 million USDC to his charitable project Kanro Fund 7 minutes ago.

Bitunix has officially rolled out the Live Stream Panel feature on its PC Ultra platform. KOLs can integrate their local camera feeds alongside trading charts, and add up to two image or video cards (such as community QR codes, event visuals, etc.), enabling viewers to follow market analysis while simultaneously viewing the host’s feed and key community content. The feature is free to access with no extra subscription required. This launch marks another step in Bitunix Ultra Products’ continuous optimization of the professional trading experience, delivering a more efficient live trading scenario for content creators and global traders.

Well-known crypto trader Doctor Profit revealed in a post that he has completed building a long position in Bitcoin (BTC) across the $80,000–$81,000 range, with an average entry price of $80,400, and his price target remains $94,000. He is also holding onto his Bitcoin spot positions, which have an average cost basis of $60,000–$64,000. According to Profit, the $80,000–$81,000 zone, extending down to $79,000, serves as an accumulation area and local bottom. His reasoning: this region has stronger spot demand, long positions are being built gradually, while most retail investors are clearly bearish. On institutional holdings, he noted that the average purchase cost for Bitcoin treasuries is roughly $80,200, with combined costs for treasuries and U.S. spot Bitcoin ETFs falling between $80,000 and $81,500. As of October 20, spot buy orders near the $80,000 level on Binance have re-accumulated, while the pace of realized profit-taking has dropped to about half of its September peak, he added. From this, he concludes that recent selling pressure stems mainly from retail investors, futures short sellers, and some short-term holders, while medium and long-term buyers who entered positions in the $60,000–$70,000 range are still inclined to hold their Bitcoin. Technically, Profit wants to see Bitcoin reclaim its 50-day Exponential Moving Average (EMA50) and close above it on a daily chart, but emphasized that even if this does not materialize immediately, it will not change his view on the local bottom. Additionally, he cautioned to watch the U.S. Federal Reserve’s interest rate decision scheduled for October 28.

A #EthereumOG linked to the #EthereumFoundation sold 7,594 $ETH ($17.79M) after a year of inactivity. This OG bought 200K $ETH(cost $61K) during the ICO at $0.31 and also received 42,654 $ETH from the #EthereumFoundation when $ETH was trading at $13.82.