Cardano Foundation spins off digital identity project Veridian into an independent company

Ethereum falls below $2,500, logging a 2.61% decline over the past 24 hours.

According to TradingBeats' monitoring, as Ethereum (ETH) dropped below $2,500, "Brother Ma Ji" (Huang Licheng) has been continuously liquidating his long ETH positions valued at approximately $92.88 million, cutting his position size to $54 million. The entry price of his remaining positions stands at $2,626.94, with a liquidation price of $2,466.95. ETH is currently trading at around $2,487, just about $20 away from forced liquidation. The net asset value of "Brother Ma Ji"'s account is currently $1.53 million, all utilized as margin for his long ETH positions.

According to HTX market data, SOL has fallen below $110, posting a 5.2% drop in the past 24 hours.

CryptoQuant’s latest analysis shows Bitcoin miners have emerged from their earlier pressure zone. The network’s hash rate has rebounded from 899 EH/s on July 31 to the current 962 EH/s, with the pullback narrowed from 18% on July 28 to 13%. This hash rate recovery is driven by Bitcoin’s price rally: after hitting a bottom of $58,000 in July, Bitcoin has bounced roughly 45% to over $83,000. Over the same period, miners’ total daily revenue (block rewards plus transaction fees) has risen from $27 million to $48 million, a 78% jump. The 7-day average daily transaction fees have also recovered from $195,000 to $275,000; while still far smaller than block rewards, they further support the recovery in miner income. Miner profitability has shifted to a new range. Since Bitcoin hit $76,000 on August 21, miners have moved from a state of “extreme under-reward” between May and August to “reasonable reward”. Selling pressure has eased in tandem: no extreme miner outflows have been recorded since August 21. The latest outflows from Satoshi-era miners (around 600 BTC in September) are only about one-third of the January figure (around 2,000 BTC). The total balance of large miner addresses holding 100 to 1,000 BTC has stabilized at roughly 51,000 BTC since early September, after halting its decline following a 20% drop from 64,000 BTC in December 2025.

Trade.xyz has announced the launch of trading for Twist Bioscience Corporation (TWST), offering up to 10x leverage. Twist Bioscience is a Nasdaq-listed synthetic DNA company that trades under the ticker TWST, specializing in gene synthesis and related biotechnological tools.

UK Announces New Round of Russia Sanctions, Targeting Crypto Platforms Over Sanctions Evasion The UK has unveiled a new round of sanctions on Russia, with 38 designations targeting three cryptocurrency trading platforms, two payment platforms, one associated individual, and a Moscow-based bank, on suspicion of helping Russia evade financial sanctions. Cryptomus and Heleket are listed as aliases of the same entity, Xeltox Enterprises Ltd (also known as Certa Payments Ltd, registered in Canada); TokenSpot CJSC is registered in Kyrgyzstan. The same sanction batch also includes Kyrgyz payment platform Tsunami Payments LLC. On-chain analytics firm TRM Labs said TokenSpot has transferred over $950 million total to sanctioned platforms Grinex, Garantex, and the Kremlin-backed A7 network. TRM assessed in April that Cryptomus and Heleket have operational links, adding Heleket is likely a parallel service launched by Cryptomus to continue processing large-scale funds. On October 6, TRM further determined TokenSpot shares wallet infrastructure with Grinex, operating under the same activity set. TRM’s April data also shows that in on-chain transactions between Cryptomus and Garantex, Cryptomus received over $204 million and sent out $101 million.