Two addresses linked to BIT each purchased 12,000 ETH, pushing their total long position to $60 million.

According to TradingBeats’ monitoring, a whale address on Hyperliquid starting with 0xedcd made consecutive buys of approximately 96 BTC, 17,283 HYPE, and 1,215 ZEC this morning, at average prices of roughly $81,597, $80.59, and $1,145.83 respectively. The combined notional value of these three new long positions totals around $10.62 million, with an unrealized profit of roughly $300,000 so far. The address’s total long position value now exceeds $60.95 million, bringing its total unrealized profit to approximately $11.91 million. The address was previously labeled a suspected "819 Insider Whale" by market participants after it loaded up on $38.72 million worth of positions roughly one hour before the ETH rally began on August 19. Currently, the whale still holds 20,000 ETH long positions, worth approximately $50.33 million, with 4x full leverage, and an unrealized profit of around $11.61 million.

Beating AI News Brief: Developer Finn Voorhees has unveiled Pelican, an iPhone AI Agent app now in limited TestFlight testing with a full launch planned for the near future. The app supports tools including MCP, browser operations, and maps, and can connect to AI models from various vendors. According to Voorhees, the Agent executes tasks directly on the iPhone, continuing to work even when switching apps or locking the screen—eliminating the need for an additional Mac mini. Just days ago, he demonstrated Pi Agent paired with Claude Opus 5.5 to operate an iPhone, automatically opening Ryanair to search for flight tickets, with no computer involved in the entire process. Voorhees previously open-sourced PiDurableKit, which leverages Apple’s JavaScriptCore to run Pi Agent on iPhone and uses SQLite to save task states, allowing the Agent to resume execution after being interrupted by the system. PiChat, a chat app built on this framework, also uses Apple’s background task mechanism to keep the Agent working after switching to other apps. When asked if Pelican runs entirely locally, Voorhees replied that all components except model API requests run on the device. He also plans to integrate small local models, so the Agent can handle some private data without uploading it to the cloud. Pelican remains in early testing, and Voorhees has not yet confirmed whether it includes the cross-app click capability demonstrated earlier.

OKX official announcement shows that the platform will launch WUSD and BLURUSD-based X-Perp contracts on October 13, with support for web, mobile app and API trading. The specific opening times (Beijing Time) are as follows: 16:00 for WUSD-based X-Perp contracts, and 16:15 for BLURUSD-based X-Perp contracts.

According to DefiLlama data, Papertrade’s 24-hour revenue hit $4.02 million, placing it third in the overall protocol revenue rankings. It outpaces Pump ($2.11 million) and Hyperliquid ($1.7 million), coming in second only to Tether and Circle.

AI-native economy Layer 1 (L1) blockchain project Neura announced via tweet that it will take offline its v1 testnet and Neuraverse as it moves to the next phase. The team has taken full snapshots of point balances, leaderboards, task completions, and activity histories to ensure no data is lost.

According to Caixin, a UK court has issued a key ruling in the cross-border asset recovery dispute involving over 61,000 Bitcoin linked to China’s Tianjin Lantian Gerui illegal fundraising case. A judgment obtained by Caixin from the UK High Court on October 12 (local time) shows that the High Court ruled property rights claims filed by Chinese investors over the Bitcoin in question should be adjudicated under Chinese law, not UK law. This means around 16,000 Chinese victims who have joined the UK recovery process may not be able to claim the massive value gains from Bitcoin’s price surge under UK law, and can only recover their principal plus interest at most. Qian Zhimin purchased Bitcoin via Huobi in 2014 at an average price of around 2,815 yuan. Since then, Bitcoin’s price has risen sharply. Despite multiple rounds of extreme volatility, as of October 12, 2026, Bitcoin’s price stood at around 560,000 yuan, roughly 200 times the average price Qian paid back then. During the trial held from July 7 to 9 this year, the Director of the UK Crown Prosecution Service argued for applying Chinese law, while the liquidator of Tianjin Lantian Gerui Electronic Technology Co., Ltd. supported this stance. Lawyers representing Chinese individual investors, however, advocated applying UK law or a combination of Chinese and UK laws. The court ultimately upheld the position of the UK prosecution authorities.