COINNESS News Feed (코인니스)

[DigitalX Plans to Sell 15.3 Billion Won Worth of BTC and ETH] DigitalX disclosed on the 12th that it plans to sell a portion of its Bitcoin (BTC) and Ethereum (ETH). According to the disclosure, DigitalX plans to sell 112 BTC and 800 ETH from the 15th to December 31st. The estimated value of the expected sale volume is a total of 15,374,880,000 won based on the closing price on October 11th. The purpose of the sale is to cover operating expenses, such as personnel costs. The company did not disclose the specific timing or volume of the sale. https://coinness.com/news/1171462

[Bithumb Lists KGEN] Bithumb announced that it will list KGEN on the KRW market at 7:30 PM today. https://coinness.com/news/1171461

["Solana Sandwich Bots Estimated to Earn $29.7 Million in 11 Months"] CryptoSlate reported that sandwich attack bots on Solana (SOL) are estimated to have earned approximately $29.7 million over an 11-month period. This figure does not include costs such as transaction fees. According to blockchain data firm Bitquery, approximately 6.85 million sandwich attacks occurred between October 30 of last year and October 7 of this year, targeting about 2.15 million addresses. 96% of the attacks took place on the memecoin platforms Pump.fun and PumpSwap. A sandwich attack is a method in which bots purchase tokens just before another user's trade to drive up the price, and then sell them to profit from the price difference once the user's trade is executed. BitQuery analyzed that among trades executed on PumpFuns or PumpSwap via Jupiter (JUP), the attack damage rate was 14 times higher for trades with a slippage allowance (the difference between the order price and the execution price) of 20–50% compared to trades with an allowance of less than 3%. Expanding the slippage allowance can result in trades being executed at prices less favorable than expected. However, a wider allowance does not necessarily lead to a higher attack damage rate, and this comparison is limited to a select number of trades routed through Jupiter. https://coinness.com/news/1171460

[SkyAI, SOL Accumulator, Rejects Acquisition Offer from Forward Industries] SkyAI (formerly Sharp Technologies), a Solana (SOL) accumulator, announced that it has rejected an acquisition offer from Forward Industries (NASDAQ ticker: FWDI), the largest Solana accumulator. Forward Industries proposed the acquisition on the condition of paying 0.306 of its own stock for every 1 SkyAI share held; however, the SkyAI board of directors unanimously rejected the offer, determining that the proposed terms did not properly reflect the company's value and did not align with shareholder interests. They also pointed out the uncertainty regarding the value of the shares to be received as consideration and the timing of payment. https://coinness.com/news/1171459

[“Possibility of BTC Forming a Bottom in October… Confirmation of ETF Inflow Needed”] CryptoQuant contributor XWIN Japan analyzed that conditions for Bitcoin (BTC) to form a bottom in October are improving ahead of the U.S. midterm elections. However, he explained that to confirm the actual formation of a bottom, continuous capital inflows into spot exchange-traded funds (ETFs), strengthening buying pressure in the U.S. spot market, and a sustained recovery in BTC demand are necessary. https://coinness.com/news/1171458

[PlanB: “No Regrets About Converting BTC Holdings to Spot ETF”] Renowned Bitcoin analyst PlanB stated that he does not regret his decision last year to convert his BTC holdings into a spot exchange-traded fund (ETF). Speaking via X, he said, "I received a lot of criticism for the decision to convert to an ETF at the time, but since then, issues related to the entropy of cold cards and instances of unauthorized hardware insertion into Ledger devices have come to light. I have absolutely no regrets about the conversion to an ETF and feel at ease." Previously, PlanB revealed in February of last year that he converted his BTC to an ETF for the convenience of asset management. https://coinness.com/news/1171457

[Morgan Stanley Postpones Support for Token Stock Trading to Q1 Next Year] The Block reported that global investment bank Morgan Stanley is expected to postpone the launch of support for token stock trading via its Alternative Trading System (ATS) from the second half of this year to the first quarter of next year. Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated in an interview with The Block, "The first quarter of 2027 is more realistic in that it allows us to align the schedule with other ongoing activities within the broader ecosystem. The relevant team is currently actively working on development to support tokenized stock trading." https://coinness.com/news/1171456

[Kraken Pushes for UAE Expansion… Plans to Support Dirham Deposits and Withdrawals] Solid Intel reported that cryptocurrency exchange Kraken is pursuing entry into the United Arab Emirates (UAE) market. Kraken's parent company, Payward, has received formal regulatory approval from the Dubai Virtual Assets Regulatory Authority (VARA), and based on this, plans to offer UAE Dirham (AED) deposit and withdrawal services. A specific launch schedule for the service has not been announced. https://coinness.com/news/1171455

[“BTC Options at Cheapest Level in 5 Years”] Cryptocurrency research firm 10x Research analyzed that BTC option prices are at their cheapest level in five years. 10x Research explained, "The implied volatility (IV) of BTC near-month options is 33.5%, which is more than 4 percentage points lower than the realized volatility. Option skew has fallen by approximately 3 percentage points over the past week, and block trading volume of up to $204 million occurred on October-expiring put options with strike prices of $78,000 and $80,000. This appears to be a move by investors to hedge downside risk by maintaining long positions rather than betting on a bearish trend." https://coinness.com/news/1171454

[HyperLiquid Whale Establishes $29.4 Million BTC, ETH, and NEAR Long Positions] An anonymous whale on HyperLiquid has established long positions in BTC, ETH, and NEAR. The address opened long positions of 200 BTC with 40x leverage (average entry price of $83,604.5), 4,000 ETH with 25x leverage ($2,536.23), and approximately 332,000 NEAR with 10x leverage ($5.81). The total notional entry value is approximately $28.8 million, and the current position value is approximately $29.04 million, with an unrealized profit of about $243,000. https://coinness.com/news/1171453

[OKX Founder: "Binance Packages Compensation for Last Year's 10/10 Crash as a Charity"] Xu Mingxing (Star Xu), founder of the Chinese cryptocurrency exchange OKX, criticized remarks made by Binance founder Changpeng Zhao (CZ) regarding the cryptocurrency market crash that occurred on October 10 of last year, in which CZ described Binance's compensation to users as a charitable act. Speaking via X, he argued, "The crash at the time affected tens of billions of dollars in user assets, causing massive financial losses and damage across the industry. Since then, the cryptocurrency market has entered a long-term slump, and investors' assets and trust have been severely damaged. In a recent interview, Changpeng Zhao stated that Binance voluntarily compensated affected users approximately $800 million despite having no legal obligation. However, at a time when numerous users have suffered massive losses and the industry is struggling to restore trust, it is inappropriate to package this incident as an example highlighting Binance's voluntary compensation and charitable deeds." https://coinness.com/news/1171452

[Standard Chartered Launches Institutional Custody Service for Ripple RLUSD] The Block reported that global bank Standard Chartered (SC) has launched an institutional custody service for Ripple's stablecoin, RLUSD. The service is available through its Dubai International Financial Centre (DIFC) branch. Standard Chartered is also pursuing plans to enable the use of RLUSD as eligible collateral in its Collateral Mirroring model in cooperation with Ripple (XRP) and LMAX Group. https://coinness.com/news/1171451

[Renowned Crypto VC: "HyperLiquid Grows Market Rather Than Takes Market Share from Centralized Exchanges"] Haseeb Qureshi, Managing Partner at cryptocurrency venture capital firm Dragonfly Capital, analyzed that HyperLiquid (HYPE) is growing the overall market rather than taking market share from centralized exchanges. According to ODaily, he stated, "HyperLiquid is the primary trading partner for some users who find Know Your Customer (KYC) difficult or cannot use major exchanges. Even as HyperLiquid's market share has increased, trading volume on centralized exchanges has not decreased." He added, "I view the cryptocurrency market and demand for pre-IPO stock trading positively over the next 6 to 12 months." He further predicted, "By 2030, the distinction between cryptocurrency venture capital (VC) and general VC will blur. As cryptocurrency technology is adopted into fintech, digital banking, stablecoins, and consumer products, investment firms like Dragonfly will increase their investments in fintech, new technology, and AI companies." He also emphasized, "An investment firm's competitiveness depends not only on industry knowledge but also on market understanding, networks, and the ability to help founders solve their actual problems."

[AI Trading Platform Mojo Officially Launches... One-stop CEX & DEX Trading Support] AI trading platform Mojo announced on the 12th that it has launched its official version following the completion of its private testing. Mojo aims to be a one-stop AI trading OS and supports on-chain trading based on Binance, HyperLiquid (HYPE), Solana (SOL), and the EVM. Users can manage trading strategies on a single platform that previously required switching between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). By explaining trading ideas in natural language without coding, the AI ​​agent refines them into a strategy that includes trading instruments, execution conditions, position sizes, and take-profit and stop-loss rules. Subsequently, it monitors the market 24/7 and automatically executes trades based on conditions set and approved by the user. It also provides market analysis, interactive charts, and customized dashboards, allowing users to verify the AI ​​agent's reasoning and trade execution history. https://coinness.com/news/1171449 Platform Link: https://app.mojo.trade/

[Ledger Confirms Unauthorized Devices in Hardware Wallets Distributed by CryptoBilis] Hardware wallet manufacturer Ledger has announced that it has identified unauthorized hardware devices inserted into devices linked to recent cryptocurrency theft incidents. According to CoinDesk, the confirmed cases of damage so far occurred in products sold through the Southeast Asian distributor CryptoBilis. Ledger stated that it confirmed unauthorized hardware devices in at least one of the affected units. On-chain analysts estimate that assets worth approximately $86 million to $93.4 million were leaked from over 300 wallets across multiple blockchains as a result of this incident. https://coinness.com/news/1171448

[Hyundai Motor & Kia Unveil NFT Vehicle Payment Authentication and Accident Response Technology] Digital Asset reported that Hyundai Motor and Kia have disclosed patents for technology utilizing Non-Fungible Tokens (NFTs) to authenticate in-vehicle payment users and support traffic accident response and vehicle history management. According to the media outlet, the two companies disclosed two jointly filed patents related to an "NFT Service System" in Korea this year. The system connects physical vehicles with owner and driver information via NFTs to verify users during the payment process, provide necessary information in the event of an accident, and manage the vehicle's maintenance and modification history. https://coinness.com/news/1171447 View Article: https://www.digitalasset.works/news/articleView.html?idxno=43529

[Coinbase BTC Premium Index in Negative for 19 Consecutive Days] CoinGlass reported that the Coinbase Bitcoin Premium Index hit a recent low of -0.12% and has remained in negative territory for 19 consecutive days. This index represents the price difference of BTC between Coinbase and Binance, and the sustained negative trend is interpreted as meaning that buying pressure for BTC in the US market is relatively weak. https://coinness.com/news/1171446

[ENS Labs Proposes Suspension of New .eth Registrations on ENSv1 and Introduction of v2] ENS Labs, the developer of the Ethereum Name Service (ENS), has proposed introducing ENSv2 to the Ethereum mainnet and suspending the registration of new .eth domains on the existing ENSv1. According to CryptoBriefing, if the proposal is approved, new domains will only be available for registration on ENSv2. Existing ENSv1 domains can continue to be renewed without being migrated, but expired domains can only be re-registered on ENSv2. Prior to the introduction of ENSv2, ENS Labs plans to reflect ownership information for existing domains in ENSv2 and transfer all ENSv2 management authority to the ENS DAO after the service launches. ENSv2 is an improved version with enhanced subdomain management and permission settings, and the renewal grace period after domain expiration is 28 days, shorter than the 90 days of ENSv1. Voting approval from ENS DAO is required for the proposal to be implemented. https://coinness.com/news/1171445

[SWI Group Focuses on AI Data Centers Instead of BTC Mining] The Wall Street Journal (WSJ) reported that SWI Group, which secured management control of Genesis Digital Assets—a Bitcoin (BTC) mining firm in which the bankrupt cryptocurrency exchange FTX had invested—is focusing on the artificial intelligence (AI) data center business instead of BTC mining. SWI CEO Max-Hervé Georges stated, "We have absolutely no interest in Bitcoin mining. We need funds to expand our computing infrastructure." According to the WSJ, SWI is pursuing plans to provide data centers in the U.S. and Sweden, acquired through the acquisition of Genesis Digital, to major cloud providers and has raised approximately $900 million to expand and improve its existing data centers. It is also in the process of selling its three remaining BTC mining facilities in Kazakhstan. Genesis Digital previously received over $1 billion in investment from Alameda Research, an affiliate of FTX. Following FTX's bankruptcy, the company became embroiled in a lawsuit for the return of the investment, but the lawsuit was withdrawn last June.

[Smarter Web Company Raises $13.25 Million via Preferred Stock Issuance] Bitcoin Treasury reported that The Smarter Web Company, a UK-listed firm that has adopted a Bitcoin (BTC) holding strategy, has raised $13.25 million through the UK's first IPO of Bitcoin-backed preferred stock, MORE. Trading for MORE begins this Wednesday on the London Stock Exchange (LSE), and the first weekly dividend is scheduled to be paid on November 9. https://coinness.com/news/1171443

[Stock Token Market Cap Reaches All-Time High of $3.9 Billion] Cointelegraph reported that the market capitalization of stock tokens has reached an all-time high of $3.9 billion. According to TokenTerminal data, BNB Chain led the stock token market cap by blockchain at $1.2 billion, followed by Ethereum ($841.9 million) and Solana ($741.7 million). These three blockchains account for approximately 70% of the total stock token market. https://coinness.com/news/1171442

[FSB: "Cross-border Crisis Response Frameworks for Stablecoins Inadequate"] The Financial Stability Board (FSB), an international organization responsible for financial regulation, has warned that a large-scale redemption crisis involving stablecoins could spread to traditional financial markets. According to Cointelegraph, the FSB pointed out, "If stablecoin holders demand redemptions all at once, the shock could spread to traditional financial markets as issuers hastily sell off reserve assets or withdraw bank deposits. In particular, for stablecoins involving multiple issuers, there is a risk that redemption requests will be concentrated on a specific issuer, while reserve assets are dispersed across several countries." In this regard, FSB Chairman Andrew Bailey stated in a letter sent to the G20, "Cross-border supervision and crisis response frameworks for stablecoins are still inadequate or have not been established. Furthermore, cyber attacks utilizing artificial intelligence (AI) could weaken the resilience of major financial institutions and market infrastructure." Meanwhile, according to the FSB's 2025 survey, only 11 out of 28 countries and regions had established stablecoin regulations.

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[Bithumb and Coinone Delist ACX] Bithumb announced that it will delist Across Protocol (ACX) at 3:00 PM on November 11. Coinone will delist it at the same time on the 12th. The exchanges stated the reason for terminating trading support, saying, "The grounds for the 'Trading Caution' designation were not resolved based solely on the foundation's explanatory materials. As a result of a comprehensive review of the foundation's disclosures, the utility of the virtual asset, and business performance, it did not meet the criteria for maintaining trading support." https://coinness.com/news/1171440

[Hardware Wallet OneKey Revokes Reseller License Due to Ledger User Asset Theft] Hardware wallet provider OneKey announced that it has revoked the official reseller license of CryptoBilis, a Southeast Asian reseller linked to the Ledger user asset theft incident, and will provide free replacements to customers who purchased its products from them. OneKey founder Yishi explained via X, "Ledger has confirmed that a component was inserted without authorization inside the affected devices. Although there have been no reports of damage from OneKey users yet, we are re-evaluating all resellers and suspending new registrations." Yishi had previously raised the possibility of recovery phrases being stolen through malicious components, and on-chain analysts estimate the scale of the damage at approximately $90 million. https://coinness.com/news/1171439

[BOK: "Agreement with Government on '50%+1' Bank-Led Issuance of Won Stablecoin"] The Bank of Korea announced that it has reached an agreement with the government on a plan to initially issue a won stablecoin in the form of a bank-led consortium. Under this structure, banks will hold a '50%+1' stake in the consortium. According to Digital Asset, Governor Shin gave this response on the 12th during the parliamentary audit of the National Assembly's Finance, Economy, and Planning Committee held at the Bank of Korea headquarters in Jung-gu, Seoul, in response to a question from People Power Party lawmaker Lim I-ja regarding the Bank's stance on the issuance of the won stablecoin. https://coinness.com/news/1171438 View Article: https://www.digitalasset.works/news/articleView.html?idxno=43527

[F2Pool Co-founder Deposits $5.52 Million ETH into Binance] OnchainLens reported that Wang Chun, co-founder of F2Pool—the world's fourth-largest Bitcoin mining pool—who has been purchasing BTC and ETH since late May, deposited 2,160 ETH into Binance. This amounts to approximately $5.52 million. The volume was transferred in two separate transactions from F2Pool's Gnosis Safe wallet, consisting of 1,150 ETH ($2.94 million) and 1,010 ETH ($2.58 million). Typically, deposits made to exchanges are interpreted as being for the purpose of selling. https://coinness.com/news/1171437

[BTC Perpetual Futures Long-Short Ratios on Top 3 Futures Exchanges] Based on open interest, the ratio of BTC perpetual futures long and short positions over the past 24 hours at the world's top three cryptocurrency futures exchanges is as follows: All Exchanges: Long 52.49% / Short 47.51% 1. Binance: Long 52.84% / Short 47.16% 2. OKX: Long 51.62% / Short 48.38% 3. Bybit: Long 53.83% / Short 46.17% https://coinness.com/news/1171436

[October 12, 15:00 BTC Spot CVD Chart] Spot CVD is an order book analysis chart for the BTC/USDT spot pair; the top section represents the Volume Heatmap, and the bottom section represents the Cumulative Volume Delta (CVD). - The upper Volume Heatmap tracks the volume generated at a given price level, and the background color brightens when the price stays in a specific range for a long time or moves significantly. Areas closer to bright colors have the potential to act as support or resistance. - The lower Cumulative Volume Delta (CVD) indicator represents buy and sell orders by capital size; as buy orders increase, the corresponding colored line rises. It is calculated based on the following criteria: Yellow line: orders between $100 and $1,000; Brown line: large orders between $1 million and $10 million. https://coinness.com/news/1171435

["Altcoin Supply Burden Eased"] Jamie Coutts, a cryptocurrency analyst at financial research firm Real Vision, assessed that the oversupply issue that had been weighing down the altcoin market has been resolved. He explained, "The ratio of rewards paid to token holders relative to market value, minus the dilution effect from new supply, improved from an annual -17% in 2021–2022 to -2.9% in 2026. The proportion of tokens that provide more rewards to holders than the scale of dilution from new supply has also increased from 4% in the past to 17% currently. This means that as token unlock management becomes more sophisticated and protocols mature, token buybacks utilizing protocol revenue are also expanding. Changes are also being detected on the demand side. Tokenization is driving initial demand, and there is a possibility that AI agent-based commerce will generate additional demand in the future." https://coinness.com/news/1171434