Bitcoin Volatility Nears Lowest Level Since 2023 as Crypto Market Enters 'Calm Before the Storm'

According to TradingBeats monitoring, the ENA long position held by a whale address starting with 0xeadc has been ongoing for roughly 228 days. As of 10:34 Beijing Time, the address still holds approximately 10.0265 million ENA long positions, with an average entry price of $0.110537, position value of around $2.0849 million, and unrealized profit of about $976,600. ENA has risen around 88.12% from its entry cost. The position uses 10x full leverage, generating a return of roughly 881.18%. It currently holds a total of 41 long positions, with a total notional value of approximately $69.8481 million, and an overall contract leverage of about 4.65x. ENA accounts for only around 2.98% of its total contract exposure, but its unrealized profit ranks third among all current positions, trailing only NEAR’s ~$1.3695 million and AAVE’s ~$1.0225 million. It is reported that this address is an ETH OG who entered the crypto market in 2017, once holding nearly $90 million worth of ETH, all transferred to Hyperliquid. Previously, it held the largest HYPE long position on the platform.

According to Blockworks data, on-chain transaction activity on the Solana network reached a record high of 5.218 billion transactions in August.

Beating AI Insight News Brief: The ZCode code upload controversy from Chinese AI firm Zhipu AI has spread beyond developer communities to enterprise clients. Taiyuan Chengming Technology has sent a letter to Zhipu, alleging that ZCode automatically uploaded not just a small number of code snippets, but full project archives including complete source code, Git history, database passwords, cloud service credentials, and employee personal information. The company demanded Zhipu delete the uploaded data, disclose the data’s whereabouts, and provide proof of deletion. Zhipu AI had earlier apologized, attributing the issue to its "code repository indexing" feature, which was enabled by default during its initial rollout and could upload repository data when generating Repo Wiki pages. The firm noted that relevant data is destroyed immediately after use, the problem has been resolved, and it has pledged to open-source ZCode and invite third-party audits.

Over the past 30 days, Uniswap has recorded the highest growth in DeFi total value locked (TVL) for tokenized stocks, with its V4 and V3 versions collectively adding $82.8 million.

Arthur Hayes (@CryptoHayes) just called for $ENA to reach $0.50. He bought 25.33M $ENA ($5.53M) at an average price of $0.09 a month ago and is now sitting on a $3.28M unrealized profit (+146%)!

Beating AI News: StepStar officially launches its flagship model Step 5 Preview. Built on a sparse Mixture-of-Experts (MoE) architecture, the model has a total of 600 billion parameters, with only 27 billion activated per inference run. It supports a 1 million-token context window and text-image input. The model’s API and Studio are now fully open, with full model weights scheduled for release on October 15. Artificial Analysis (AA) completed pre-evaluations earlier. Step 5 Preview scored 44 points on the Intelligence Index, matching Kimi K3 Max. AA currently measures its output speed at ~100 tokens per second, with a task cost of $0.71, compared to Kimi K3 Max’s $2 per task. The developer highlighted the model’s long-task capability: StepStar enabled Step 5 Preview to autonomously optimize a set of H100 GPU cores for up to 24 hours straight. The model independently modifies code, runs tests, compares results, and iterates. After roughly 22 hours, it achieved 508 TFLOPS, while Claude Opus 5 reached 493 TFLOPS in the same experiment. In another 24-hour trial, Step 5 Preview designed its own training data, lifting Qwen3-30B-A3B’s accuracy on AIME24 from 53.3% to 60% — matching Claude Opus 5, while consuming fewer labeled tokens.