Analysis: Bitcoin faces higher risk of long liquidations on the downside than short squeezes on the upside.

Pendle announced that its high-yield Pendle Ecosystem USDC Vault on Morpho surpassed $16 million in Total Value Locked (TVL) in less than a day after launch. Data from the Morpho page shows that as of press time, the vault’s total deposits have reached approximately $16.02 million, with a net APY of 8.19%. The vault is jointly managed by Pendle and Armitage, Wintermute’s vault management division, and operates in parallel with Pendle’s existing Pendle Ecosystem USDC Vault. Currently, Pendle has two USDC ecosystem vaults on Morpho. Compared to the original vault, the new one covers a wider range of Principal Token (PT) markets, allocates USDC liquidity to selected high-yield PT collateralized lending markets, and provides additional borrowing liquidity for users engaging in PT cycle lending. Pendle stated that related borrowing demand underpins the vault’s returns, which in turn attracts more deposits.

Crypto analyst Darkfost noted in a post that Bitcoin’s technical fundamentals have not seen material changes: the 5th sub-wave of Wave 1 has ended at the expected level, and a Wave 2 correction may follow. This correction could dip to $74,600, aligning with the standard 0.382 Fibonacci retracement level. Currently, Bitcoin has fallen below the 21-period EMA and is trading at the support of the 50-period EMA, which he considers a strong support level; the 200-period EMA stands at around $75,800, still some distance from the current price. The RSI has returned to the neutral 50 level, though the gap with the 14-period SMA has widened. Darkfost opined that this suggests a corrective B-wave rebound may occur before the final C-wave arrives. He added that there are currently no concerning signals, and Bitcoin’s medium-term trend remains positive.

According to the latest stablecoin yield data from major centralized exchanges (CEXs), current flexible stablecoin yields on HTX, Binance, OKX, and Bitget are still characterized by "high yields for small amounts, reduced rates for excess funds". For USDT: HTX offers an annualized yield of 10% for the 0-200 USDT tier, dropping to 1.95% for amounts above that; Bitget’s 0-300 USDT tier yields 7.64% annually, with excess funds at 2.98%; Binance’s 0-500 USDT tier is at 6.63%, excess at 2.63%; OKX’s rate stands at 2.34%. For USDC: HTX’s 0-200 USDC tier has an annualized yield of 8%, excess at 2.75%; Bitget’s 0-300 USDC tier is 6.66%, excess at 2.73%; Binance has made notable adjustments to its yield structure: its 0-10,000 USDC tier yields 4.02% annually, excess at 2.02%; OKX’s rate is 2.57%. For other stablecoins: HTX’s SVIP tier for USDT offers an annualized yield of 6%-9% for amounts between 50,000 and 100,000; Binance’s USDT SVIP rate is 2.6%-2.65%; Bitget’s USDT SVIP tier (0-300,000) yields 4% annually, excess at 2.88%. For USDE, HTX has tiered rates of 5% and 3%, Binance’s is 4.75%, Bitget’s is 1.00%. HTX’s USDD yield is 4.00%. For U-type stablecoins: Binance’s 0-8,000 tier yields 5.75% annually, excess at 0.75% (a cut from its previous 7.06% high-yield tier); HTX’s rate is 3.00%, Bitget’s is 1.50%. Overall, high yields remain concentrated in small amount tiers, with annualized rates generally declining as fund sizes grow. Users should also pay attention to tier limits, interest calculation rules, fees, and real-time availability when comparing products. The above data are displayed yields and do not constitute investment advice.

Deutsche Bank advises buying CoreWeave (CRWV) on dips, maintaining a "Buy" rating and a $150 price target, which translates to a 128% upside from Wednesday's closing price. Despite CoreWeave's stock plunging over 15%, the bank holds that no company-specific fundamental factors can account for the sell-off. Analysts highlight robust demand for AI infrastructure, as well as CoreWeave's partnerships with NVIDIA, Dell, Meta, and OpenAI.

Binance Alpha will list NeoSoul (DNA) for the first time on October 16. After trading commences, eligible users can claim airdrops using Alpha Points on the Alpha event page, with additional details to be released later.

The European Banking Authority (EBA) announced that under the Markets in Crypto-Assets (MiCA) regulation, it has designated Circle-issued USDC as a "significant e-money token". USDC is the first among 45 e-money tokens notified in the EU to meet this designation standard. Effective November 12, the EBA will directly regulate USDC’s own funds, reserve assets, liquidity requirements, and recovery and redemption plans—areas previously overseen by France’s Prudential Supervision and Resolution Authority (ACPR). Following the handover, ACPR will retain responsibility for corporate governance, qualifying holdings, suitability assessments, and conflict of interest matters. The EBA also noted it has signed a memorandum of understanding (MOU) with the New York State Department of Financial Services (NYDFS) to facilitate cross-border supervision and information exchange. NYDFS regulates Circle’s licensed operations in New York State. Per data from The Block, USDC’s circulating supply nears $73 billion, making it the world’s second-largest stablecoin.