PA Daily | Bitcoin spot ETFs saw net inflows for nine consecutive days; a KOL claimed that 96% of traders who switched from Solana to BNB Chain were losing money.

  • Market & ETF Performance: Bitcoin spot ETFs recorded a net inflow of $198 million, marking the ninth consecutive day of net inflows. BlackRock's IBIT ETF alone saw a $255 million inflow.

  • Institutional & Macro Developments: Deutsche Bank predicts central banks may include Bitcoin and gold in their key reserves by 2030. Meanwhile, the U.S. Bureau of Labor Statistics is expected to release September's CPI report despite a government shutdown.

  • Key Blockchain Metrics: BNB Chain led with $7.88 million in transaction fees and $6.65 million in application revenue over the past 24 hours, outperforming Solana and Ethereum.

  • Notable Trading Activity: A Bitcoin OG opened a $30 million short position on ETH with 12x leverage, totaling approximately $330 million.

  • Project & Platform Updates: Binance Futures launched pre-market trading for MONUSDT perpetual contracts. HyperSwap announced that 75% of its protocol revenue will be used for token buyback and burn.

  • Financing & Investments: Multiple funding rounds were completed, including $11.5 million for Fanable, $5 million for multi-chain trading infrastructure LAB, and a $100 million BNB ecosystem fund established by Bisheng Capital.

  • Corporate Moves & Partnerships: HashKey Group, a licensed crypto exchange in Hong Kong, confidentially filed for an IPO aiming to raise up to $500 million. Sharps Technology partnered with Coinbase to expand its digital asset treasury strategy.

  • Controversial Claim: A crypto KOL alleged that 96% of traders who bridged from Solana to BNB Chain are currently losing money, though specific data sources were not disclosed.

Summary

Today's news tips:

Deutsche Bank: Central banks may include Bitcoin and gold in key reserves by 2030

Crypto KOL: 96% of traders who bridged from Solana to BNB Chain are now losing money

Binance Futures Launches Pre-Market Trading of MONUSDT Perpetual Contracts

HyperSwap: 75% of protocol revenue will be used for token repurchase and destruction

BNB Chain topped the list with $7.88 million in transaction fees and $6.65 million in app revenue in the past 24 hours.

A Bitcoin OG shorted ETH with 12x leverage of $30 million, worth about $330 million.

Bitcoin spot ETFs saw a total net inflow of $198 million yesterday, marking the ninth consecutive day of net inflows.

Bisheng Capital establishes $100 million BNB ecosystem fund, backed by Nano Labs

Macro

Deutsche Bank: Central banks may include Bitcoin and gold in key reserves by 2030

According to Bloomberg, Deutsche Bank stated that central banks may include Bitcoin and gold in their key reserves by 2030. The study indicates that central banks became net buyers of gold after the 2008 financial crisis, and currently hold over 36,000 tons of gold. The US dollar's share of global reserves has fallen from 60% in 2000 to 41% in 2025, driving net inflows of $5 billion and $4.7 billion into gold and Bitcoin ETFs, respectively, in June. The report states that digital assets should be "complementary" to fiat currencies and emphasizes that Bitcoin will not replace the US dollar. JPMorgan also estimates that stablecoins could generate $1.4 trillion in new US dollar demand by 2027.

US media: The US Bureau of Labor Statistics is expected to release CPI report during the shutdown

According to the New York Times, a US government source stated that despite the federal government shutdown, the Bureau of Labor Statistics is still preparing to release its September CPI data. While the exact release date remains unclear, it is almost certainly not on October 15th, as originally planned. The statistical agency halted all operations during the funding hiatus and was unable to release its non-farm payroll report last week as originally planned. According to government sources, the bureau has begun recalling some employees to complete the report. The decision to release the data appears to be related to the annual Social Security cost adjustment process. This adjustment is based on third-quarter inflation data, so the delayed release of September's price data could delay the publication of the cost-of-living adjustment. Other foreign media outlets have also reported that the Bureau of Labor Statistics plans to release September's CPI data before the end of the month.

Licensed exchange HashKey seeks Hong Kong IPO, raising up to US$500 million

HashKey Group, Hong Kong's largest licensed cryptocurrency exchange operator, has confidentially filed for an initial public offering (IPO) in the city, according to people familiar with the matter. The listing could raise up to $500 million, according to people familiar with the matter. Deliberations are ongoing, and details including valuation and timing are subject to change, according to people familiar with the matter. A HashKey representative said the company currently has no information to disclose regarding the listing. Hong Kong introduced a regulatory framework for virtual assets last year, aimed at solidifying its position as a hub for digital assets.

Viewpoint

Crypto KOL: 96% of traders who bridged from Solana to BNB Chain are now losing money

Curb.sol, who claims to be the Chief Marketing Officer (CMO) of Solana, stated in a post that 96% of traders who bridged from Solana to BNB Chain are currently losing money. The post did not disclose the specific sample source or statistical method.

He Yi: I heard that BNB Chain will support other wallets and similar Meme Rush products in the future

Binance co-founder He Yi responded to community users on the X platform, saying: "Due to policy requirements, Binance currently does not serve Americans. I heard today that BNBchain will support similar Meme Rush products from other wallets in the future."

Project News

Binance Futures Launches Pre-Market Trading of MONUSDT Perpetual Contracts

Binance Futures announced that it will launch pre-market trading of MONUSDT perpetual contracts at 15:15 today.

Upbit will list Infinit (IN) Korean Won trading pairs

Upbit Exchange announced the listing of Infinit (IN) in the KRW market.

Binance Alpha to Launch Coral Finance (CORL) Airdrop on October 12th

Binance, known as Binance Alpha in Chinese, will list Coral Finance (CORL) on October 12th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens. Specific details are to be announced.

HyperSwap: 75% of protocol revenue will be used for token repurchase and destruction

Hyperliquid EVM native AMM DEX HyperSwap said that after TGE, it will use 75% of the protocol revenue for token repurchase and destruction.

Binance Launches Walrus (WAL), the 50th HODLer Airdrop

Binance announced the 50th HODLer airdrop for Walrus (WAL). Spot trading will begin at 15:30 (UTC+8) on October 10, 2025, with trading against USDT, USDC, BNB, FDUSD, and TRY. WAL has a total supply of 5 billion, with an initial circulating supply of 1,478,958,333 (29.57%). This airdrop rewards HODLers with 32.5 million WAL, and an additional 99,487,179 WAL allocated for post-launch marketing. The airdrop will support Sui Network contracts. BNB subscribers who subscribe to Simple Earn or On-Chain Yields will receive the airdrop based on historical snapshots from October 1, 2025, to October 3, 2025.

Aster will launch the second phase of airdrop qualification inquiry at 21:00 today

Aster announced that the $ASTER Phase 2 airdrop checker will be launched at 21:00 (UTC+8) today, and eligibility queries will be open.

Important data

BNB Chain topped the list with $7.88 million in transaction fees and $6.65 million in app revenue in the past 24 hours.

According to CoinMarketCap data, BNB Chain topped the list with $7.88 million in transaction fees and $6.65 million in application revenue over the past 24 hours. Other major blockchains performing well were Solana ($4.37 million in application revenue), Ethereum ($2.52 million in application revenue), and Tron ($1.49 million in transaction fees).

A Bitcoin OG shorted ETH with 12x leverage of $30 million, worth about $330 million.

According to Lookonchain monitoring, Bitcoin OG just deposited $30 million USDC into Hyperliquid and opened a short position of 76,242 ETH (worth approximately $330 million) with 12x leverage, with a liquidation price of $4,613.7.

Bitcoin spot ETFs saw a total net inflow of $198 million yesterday, marking the ninth consecutive day of net inflows.

According to SoSoValue, Bitcoin spot ETFs saw a net inflow of $198 million on October 9th, Eastern Time, marking the ninth consecutive day of net inflows. BlackRock's IBIT ETF saw a net inflow of $255 million, bringing its total net inflow to $65.19 billion; while the Bitwise BITB ETF saw a net inflow of $6.58 million, bringing its total net inflow to $2.52 billion. As of press time, the total net asset value of Bitcoin spot ETFs stood at $164.79 billion, representing 6.83% of Bitcoin's total market capitalization, with a cumulative net inflow of $62.77 billion.

Financing/Acquisition

Fanable Secures $11.5 Million in Funding and Launches $COLLECT Token Points Mining

According to Chainwire, the Web3 collectibles platform Fanable (developed by Ethernal Labs) has received $11.5 million in support from investors including Fanatics, Ripple, Steel Perlot, Polygon, Borderless, Morningstar, etc. owned by Michael Rubin. Fanable claims to have completed over 20,000 transactions with a monthly growth rate of 100%, which will be used for platform iteration and global expansion. It has partnered with the Collect Foundation to launch $COLLECT token points mining, which will be used for community rewards, transaction incentives and governance. Fanable has partnered with Brinks to support the global buying and selling of Pokémon and other cards with cryptocurrency and fiat currency, covering iOS,

Multi-chain transaction infrastructure LAB completes $5 million in financing, with participation from Amber Group and others

Multi-chain trading infrastructure LAB has officially announced the completion of a $5 million funding round, with participation from Selini Capital, Re7 Capital, Cypher Capital, RedBeard VC, Lemniscap, TVM Ventures, OKX Ventures, Mirana, KuCoin Ventures, Gate Ventures, GSR, Animoca Brands, Presto Labs, MEXC Ventures, and Amber Group. The project will hold its Token Generation Event (TGE) on October 14th.

QumulusAI secures $500 million blockchain-backed credit line to expand AI computing infrastructure

According to CoinDesk, QumulusAI, a company building GPU-based cloud infrastructure for artificial intelligence (AI), has secured a $500 million credit line to fund its expanding GPU fleet. The financing was arranged by Permian Labs and will be distributed through the blockchain-based credit protocol USD.AI. The company stated that this non-recourse credit facility will allow QumulusAI to borrow stablecoins up to 70% of the value of its approved GPU deployments. This approach allows the company to obtain funding faster than traditional credit routes such as bank loans or venture debt.

Crypto company CipherOwl completes $15 million seed round of financing, with participation from Coinbase Ventures and others

According to Fortune magazine, cryptocurrency compliance startup CipherOwl announced the completion of a $15 million seed round of funding, co-led by General Catalyst and Flourish Ventures, with participation from Coinbase Ventures and Enlight Capital. Co-founded by former Coinbase engineers, the company leverages artificial intelligence (AI) to provide on-chain transaction monitoring and compliance analysis services to financial institutions. Its clients include numerous cryptocurrency exchanges and law enforcement agencies, primarily using its AI system to automatically generate suspicious activity analysis reports to improve review efficiency.

Publicly listed company Rezolve Ai announced the acquisition of blockchain data platform Subsquid

According to Globenewswire, Nasdaq-listed Rezolve Ai announced that it has acquired blockchain data platform Subsquid. The specific acquisition amount has not been disclosed. The company will also purchase SQD tokens and will change its name in due course after obtaining approval from regulators and exchanges. SQD tokens will be acquired and added to the Rezolve Ai treasury annually.

Falcon Finance secures $10 million in strategic investment from M2 Capital and Cypher Capital

Falcon Finance, a universal collateral infrastructure, has announced a $10 million strategic investment from UAE-based venture capital firm M2 Capital. Cypher Capital also participated in this round. With M2 Capital's investment, Falcon will accelerate its global roadmap, focusing on expanding fiat currency access, deepening ecosystem partnerships, and enhancing the resilience of its universal collateral model.

Decentralized AI studio Yuma launches asset management arm and secures $10 million investment from DCG

According to CoinDesk, the development studio and accelerator of the decentralized artificial intelligence (deAI) network Bittensor, founded by Barry Silbert of Digital Currency Group, DCG, has launched an asset management division, Yuman Asset Management, to provide institutions and qualified investors with convenient access to the deAI ecosystem. Yuman Asset Management received a $10 million anchor investment from DCG and launched two fund strategies for investing in subnet tokens. DCG said that the Yuma Subnet Composite Fund aims to provide market-weighted risk exposure across all active subnets, similar to the "Nasdaq" of subnet tokens.

On-chain infrastructure layer Rhuna completes $2 million seed round of financing, led by Aptos Labs

According to Chainwire, Rhuna, an on-chain infrastructure layer, announced the completion of a $2 million seed round led by Aptos Labs, with participation from Acc Ventures, X Ventures, NewTribe Capital, Keyrock, CoinMarketCap Labs, FunFair, and Lémanique. Rhuna is described as a universal entertainment pass powered by stablecoin settlement and on-chain identity. It provides operators with a single programmable layer for wallet-native checkout and point-of-sale systems, ticketing and access control, membership and identity authentication, and real-time stablecoin settlement.

Institutional holdings

Sharps Technology Partners with Coinbase to Expand Digital Asset Finance Strategy

According to PR Newswire, Sharps Technology, Inc. (NASDAQ: STSS) and Coinbase Global, Inc. have announced a strategic partnership. Under the agreement, STSS will work with Coinbase to expand its previously announced Solana digital asset treasury strategy. To date, STSS has acquired over 2 million SOL tokens, valued at over $400 million at the current price of over $210. As part of the partnership, the company plans to utilize Coinbase Prime's custody infrastructure and over-the-counter (OTC) trading platform.

Leap Therapeutics Completes $58.88 Million Private Placement to Launch Digital Asset Finance Strategy

Leap Therapeutics (NASDAQ: LPTX), a biotechnology company, announced today that it has completed its previously announced private placement, led by Winklevoss Capital, raising $58,888,888 in cash to launch its digital asset finance strategy. Winklevoss Capital will provide capital and strategic support to help Leap build and execute its digital asset finance strategy.

AMBTS, a subsidiary of the Netherlands' Amdax, has raised €30 million to purchase Bitcoin

Dutch cryptocurrency company Amdax announced on Tuesday that it has raised 30 million euros (approximately $35 million) to launch a Bitcoin reserve company called AMBTS on the Dutch exchange, according to Reuters on October 7. Amdax said the completion of AMBTS's first round of funding means the company is ready to launch its Bitcoin purchase program.

Bisheng Capital establishes $100 million BNB ecosystem fund, backed by Nano Labs

Bitrise Capital has announced the establishment of a $100 million BNB Ecosystem Fund, dedicated to supporting high-quality projects and infrastructure built on the BNB Chain. The fund has received subscription intent and strategic support from Nasdaq-listed Nano Labs (NASDAQ: NA). Founded in 2017, Bitrise Capital is a cryptocurrency and blockchain investment firm focused on primary and secondary market investments and project incubation, currently managing over $500 million in funds. Nano Labs is a leading global Web3 infrastructure company and the first publicly listed company to hold a BNB strategic reserve.

Bonk's treasury company, Safety Shot, plans to hold 5% of BONK's circulating supply by the end of the year and will soon be renamed Bonk, Inc.

According to Decrypt, digital asset management company Safety Shot, Inc. will officially change its name to Bonk, Inc. on October 10th and switch to the stock symbol BNKK. The name change marks the company's significant transition into the digital asset sector, and it also plans to sell unnecessary assets to optimize its business. Currently, Bonk, Inc. holds approximately 2.7% of the circulating supply of Solana's meme coin, BONK, valued at approximately $43 million, and plans to increase its holdings to 5% by the end of the year. Additionally, Bonk, Inc. has invested in multiple Bonk ecosystem projects, including a 10% revenue share in the meme coin issuance platform LetsBonk. Earlier news broke that Safety Shot established BONK Holdings to implement its digital asset strategy and currently holds 2.5% of the total circulating supply of BONK.

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