A certain address dumped over 3500 OKB tokens, making a profit of over $500,000, and then bought MNT.

On October 16th, Vitalik Buterin made a post on Warpcast and said, "It is interesting to read the tweets of (some) Bitcoin maximalists. It's like taking a time machine back to those ideas that most people have long recognized as fallacies but still have their faithful believers. (The real truth is that seigniorage accounts for at most 10%-20% of government revenue. Even if all countries were to adopt the dollar, governments could still maintain nearly current levels of military spending)."

On October 16th, as stated by Coinbase CEO Brian Armstrong, the daily spending limit of the exchange's debit card has been raised to $5000, and this functionality is now accessible to all users.

On October 16th, in response to the feedback from community users that the use of technology has led to the "difficult-to-snatch" situation of the Binance Alpha airdrop, He Yi, a co-founder of Binance, posted on the X platform, stating: "I will go and deal with the risk control. Everyone is welcome to propose suggestions to completely eliminate this technology." It is reported that community users commented: "The current Binance Alpha is extremely difficult to snatch. It disappears in less than 10 seconds. Human effort really can't compete with technology."

On October 16th, McKenna, a partner at Arete Capital, stated that the market is currently in the process of forming a bottom and it will take 40 to 60 days to establish it. All price actions within this period are regarded as oscillations and fund washing. "It is expected that we should start to see constructive outcomes by mid-November and welcome a positive December and the first quarter of 2026."

On October 16th, the OpenTensor Foundation tweeted that Bittensor has resumed the subnet registration and deregistration mechanism, with a subnet limit of 128. The new subnets will replace the subnets with the lowest performance and will have a 4-month immunity period. This update encourages subnet teams to prove their value or make way for others, thereby increasing competition and project quality. The TAO from the deregistered subnets will be proportionally distributed to alpha holders. This will release the TAO stuck in inactive liquidity pools and redirect it to more active areas of the network. The registration of new subnets will involve a destruction cost instead of a locking cost, and the current cost is 2500 TAO.

October 16th. According to the official announcement, the participation threshold for the Astra Nova Pre-TGE event on Binance Wallet is 256 points, and to participate in this event, one needs to spend 10 points. Earlier News, the event is open from 08:00 to 10:00 (UTC) on October 16, 2025.