If Bitcoin drops below $111,000, the mainstream CEX liquidation volume will reach $1.019 billion

ARK Invest founder Cathie Wood stated that cost reductions driven by innovative platforms like AI will gradually permeate broader economic sectors, lifting productivity and corporate profitability, and pushing inflation to levels lower than most investors anticipate—this is the so-called "benign deflation". Wood noted that current AI inference costs are falling by 99.99% annually while performance remains consistent. Meanwhile, OpenAI’s annualized revenue run rate has surged from $20 billion to $70 billion, a sign that falling costs are spurring rapid demand growth. ARK Invest projects real GDP growth could hit high single digits, a forecast most dismiss as "crazy"; in an environment of stronger real growth, interest rates may actually rise.

NEAR co-founder @ilblackdragon revealed on X that the stolen funds from NEAR Intents have been fully recovered, crediting the achievement primarily to SHIELD—Intents’ AI security layer—and proactive investigative work. The Intents team identified the responsible party, established communication, and recouped all funds at 14:30 UTC today, wrapping up the entire process in under 24 hours of the hack. @ilblackdragon added that NEAR will continuously strengthen its security systems to adapt to the evolving cybersecurity landscape. He noted that while AI can accelerate exploit development, it also aids in defending against threats, expressing hope that the entire crypto industry will respond with vigilance, embrace a shared sense of urgency, and collaborate collectively.

Bitdeer disclosed in a 6-K filing submitted on October 2 (Eastern Time) that director Sheldon Trainor-DeGirolamo will resign from his position as a director and all roles on the company’s board committees. The resignation will take effect on October 15, 2026. The announcement stated that the departure is not due to any disagreement with the company regarding operations, policies or practices.

FOMO trader "OuterHeavyBat" has made over $663K on $MASK, with a 655% return. He spent $101K to buy 18.6M $MASK and has not sold any, now worth $765K.

According to crypto lawyer Ariel Givner, U.S. District Judge Martha Pacold of the Northern District of Illinois has partially granted preliminary injunction requests filed by Coinbase, Kalshi, the U.S. government, and the CFTC. The ruling temporarily blocks Illinois from imposing sports betting licensing requirements and related criminal penalties on the Kalshi sports event contracts in question. The judge found these contracts are likely swaps as defined by the Commodity Exchange Act, meaning the relevant state laws are likely preempted by federal law.

News Flash from Insight Beating AI: Meta has launched Muse Gadgets, open-sourcing the ESP32 firmware and Linux SDK for connecting to Muse. Developers can use off-the-shelf ESP32 development boards, Raspberry Pi, or Linux devices to build their own Muse-compatible hardware. Screens, microphones, speakers, buttons, and sensors can all be connected, with the code licensed under the Apache 2.0 license. Meta has also introduced Muse Home Link, a compact USB-C device that links Muse to a home local area network, enabling control of devices like lights, televisions, speakers, and printers via community-built skills. Integrations with Philips Hue, Sonos, Apple TV, Google Nest, and Samsung TV are already supported. Meta’s first batch of 5,000 units will be distributed free of charge to US Muse subscribers, with shipping kicking off in October. Earlier, Meta had unveiled the Muse Charm, though it remains unreleased. Now developers no longer need to wait for official hardware; they can create their own Muse-compatible screens, desktop devices, and smart home hubs.