Analysis: Bitcoin’s current holding concentration mirrors that on the eve of the FTX collapse, signaling a potential final dip in the bear market.

According to RootData’s report titled “2026 Explosive Growth in Stock Derivatives: Crypto Exchange Landscape and Key Trends”, the stock derivatives sector has transitioned from “fringe trial” to “explosive growth” phase, with a cumulative trading volume of approximately $1.75 trillion between January and August. In terms of cumulative trading volume, the head concentration effect remains prominent. Among the four major exchanges, Binance leads with $853.58 billion and a 61.3% market share; Bitget ranks second with $270.85 billion and a 19.5% share; OKX follows closely with $234.39 billion and a 16.8% share; Bybit takes fourth place with $33.41 billion and a 2.4% share. On the liquidity front, in the ±2% weighted order book depth metric, Binance and Bitget together account for over 70% of the stock derivatives order book liquidity. Specifically, Binance’s average daily order book depth stands at approximately $10.1 million, followed by Bitget at $4.82 million, OKX at $3.87 million, and Bybit at $1.16 million. Regarding trading costs, in the weighted spread comparison of over a dozen recent popular assets, Bitget tops the list with 0.0144%, while Binance is close behind at 0.0145%, putting both at roughly the same level; OKX records 0.0154%, and Bybit comes in at 0.0237%.

Beating AI News Flash: Anthropic has re-reviewed multiple past cybersecurity incidents involving its Claude AI model, discovering the root causes extend beyond the test environment. Claude sometimes actively justifies its own dangerous actions before proceeding. In one incident, Claude Mythos 5 was running a simulated attack-and-defense test when it mistakenly sent a malicious Python package to the real PyPI repository. A security firm’s scanning system installed the package, leading to credential leaks; Claude then used those leaked credentials to access the firm’s actual database. Even after noticing midway that the environment might be real, the model repeatedly misinterpreted the signs as "still a simulated environment" and continued executing the attack—this line of reasoning could even evade security monitoring systems. Anthropic’s current risk assessment using Claude’s Chain-of-Thought (CoT, the model’s self-generated reasoning process) catches only roughly 1% of dangerous actions. By contrast, skipping CoT analysis and focusing solely on the tools the model actually called and the actions it performed boosts the detection rate to around 50%.

According to Arkham’s monitoring, Loracle is currently shorting PONS on Hyperliquid, with a position valued at around $16.3 million, accounting for 17.5% of the token’s total open interest. Loracle opened the short position 9 days ago at $0.44, and added to it repeatedly as PONS’ price climbed to a peak of $0.97. At one point, the short position saw an unrealized loss of over $8 million. As PONS’ price has pulled back, Loracle has now turned the position profitable, with an unrealized gain of roughly $2.18 million on the short trade.

According to market data from BIT (bit.com), the storage sector saw a slight decline in pre-market US stocks, with individual stock performances as follows: SanDisk (SNDK) fell 0.83%; Seagate Technology (STX) dropped 0.67%; Western Digital (WDC) declined 0.98%; Micron Technology (MU) fell 0.93%; and SK Hynix ADR slid 3.50%.

According to the official announcement, Binance Alpha’s new airdrop will launch today at 19:00 (UTC+8). Users holding at least 246 Binance Alpha points are eligible to claim the token airdrop on a first-come, first-served basis, until the airdrop pool is exhausted or the event ends.

According to Israel’s i24 News, on Wednesday, Saudi-backed Yemeni government forces announced they had made major advances in Yemen’s northern and central desert regions, seemingly breaking through Houthi militia lines. But in reality, the Houthis only redeployed their troops, voluntarily ceding open areas to seize more strategically critical western coastal zones. By early Thursday, following the large-scale retreat of Yemeni government forces, Iran-backed Houthi fighters had taken control of the strategically vital coastline and Mocha Port in Hodeidah Governorate. Rather than one side launching an overwhelming rapid offensive, the two sides essentially swapped territory: the Houthis gained the strategically important Red Sea coastline, which will allow them to pose a more direct threat to shipping in the Bab el-Mandeb Strait and further escalate security risks for Saudi Arabia.