24H Flash Updates
Deepseek Server Down for Nearly 4 Hours with No Recovery Yet
ChainThink report: On October 15, the official status page of DeepSeek indicated that its services experienced outages starting at 08:11, affecting the web chat service, as well as the V4 Pro and V4.1 Flash API endpoints.
DeepSeek reported at 09:08 that the root cause had been identified and remediation efforts were underway. As of 11:53, services remained unrecovered, with the outage lasting over three and a half hours.
Vitalik: The zkEVM Speed Race Is Over, the Primary Focus Should Now Fully Shift to Security
ChainThink message, October 15: According to a post on the X platform, Vitalik Buterin congratulated the Airbender team and stated that the race for zkEVM speed has concluded, and the primary focus should now fully shift toward security.
Vitalik emphasized that future work must include formal verification of arithmetic equivalence with Ethereum specifications, hard upper bounds on the ratio between proof cost and block Gas limit, and the security of the proof system itself.
Previously, ZKsync launched its prover Airbender Prime, claiming it to be the first prover capable of achieving real-time Ethereum proofs on a single GPU.
Analyst: Market swing holders are gradually being cleared out, but panic has not yet been fully released.
ChainThink report, October 15: According to crypto market analyst Murphy, Bitcoin has recently experienced three pullbacks near approximately $81,000, with the on-chain realized loss volume adjusted for entity activity showing an overall declining trend.
The loss volume on October 12 was lower than on October 9; although it expanded slightly on October 15, it remained below the level recorded on the 9th. Murphy stated that the current market dynamics are closer to gradual liquidation of swing holders rather than broad-based panic selling.
The proportion of losses among short-term holders is around 31%, below the historical average of 42.7%, indicating that profit-taking and position unwinding may not yet be fully completed, leaving room for continued volatility and selling pressure. If prices remain near current support levels and realized loss volume continues to contract, this could signal a reduction in forced selling; however, if loss volumes significantly expand again, the market may still require more comprehensive turnover of positions.
South Two Times Long Hynix Drops 22.04%, Two Times Samsung Drops 19.72%
ChainThink report, October 15: According to market data, South Korea's SK Hynix dropped over 11%, while Samsung Electronics fell over 9%. Southern 2x Long Hynix declined by 22.04%, and 2x Long Samsung Electronics dropped 19.72%.
U.S. SEC Approves Cboe Listing of Binary Options Tied to Key Performance Indicators of Companies
ChainThink report, October 15: According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has approved Cboe's listing of binary options linked to Key Performance Indicators (KPIs) reported by specific stock issuers, covering 23 companies including Coinbase, Robinhood, and MARA.
Robinhood is expected to become the first retail brokerage to offer such products. The product will be a cash-settled, European-style, standardized option, listed and traded on exchanges as National Market System (NMS) securities, and protected under securities laws.
This approval applies solely to specific contracts listed on compliant exchanges and does not extend to other products structured differently using the same KPIs, nor does it preclude the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC) over related KPI contracts.
LITE longs suffer $7.35M liquidation, four other whales also wiped out on overnight US stock positions
ChainThink report, October 15: According to TradingBeats monitoring, during last night's U.S. equity market session, five major whales suffered margin calls on their U.S. equity long positions, collectively amounting to approximately $19.19 million, resulting in realized losses of around $2.7666 million.
Among them, one whale’s long position of 7,884 shares of LITE was liquidated en masse, with a liquidation value of approximately $7.3461 million. The average liquidation price was $931.76, below the $1,078.11 entry cost, resulting in a realized loss of about $1.1538 million.
This account still holds approximately $15.61 million in META long positions. Early this morning, four additional major whales were liquidated: NBIS longs valued at roughly $1.8421 million, incurring losses of about $376,900;
Oracle and SOXL longs combined totaling approximately $5.615 million, with losses of around $398,800—of which SOXL accounted for about $4.743 million; RKLB longs valued at approximately $2.4902 million, resulting in losses of about $740,000;
CBRS longs worth approximately $1.8962 million, with losses of about $97,100. Notably, all contracts related to Oracle and SOXL held by the respective accounts on Trade.xyz have been fully unwound;
The NBIS-related account still maintains long positions in NVIDIA, Google, SpaceX, and Tesla, collectively valued at approximately $13.56 million.
The crypto market sees a universal decline, with long positions liquidated for $860 million in the past 24 hours
ChainThink News, October 15: According to market data, Bitcoin has broken below $81,000, Ethereum has fallen below $2,400, and the broader crypto market is experiencing widespread declines.
Bitcoin is currently trading at $80,654, down 3.13% over the past 24 hours; Ethereum is at $2,350, down 6%;
SOL, LTC, OP, JTO, and RAY are down 5%, 6.2%, 16%, 13.6%, and 13%, respectively.
According to Coinglass data, total liquidations across the network reached $935 million in the past 24 hours, with long positions accounting for $860 million in liquidations and short positions contributing $75.25 million in liquidations.
SilentSwap partners with NEAR Protocol to deliver private cross-chain access
ChainThink News, October 15: SilentSwap has partnered with NEAR Protocol to combine NEAR Intents' reach and infrastructure with SilentSwap's privacy technology, enabling private cross-chain access.
The integration is now live on the SilentSwap app and SDK, leveraging intent-based routing to connect liquidity across more than 30 networks, supporting confidential transactions for cryptocurrencies, stablecoins, and RWA assets.
Bitcoin breaks below $81,000, down over 3% in 24 hours
ChainThink News, October 15, according to market data, Bitcoin has broken below $81,000, now trading at $80,742, with a 24-hour decline of 3.04%.
Eight U.S. States Sue OpenAI Over User Security Concerns
ChainThink report, on October 15, it was reported that eight U.S. states have filed a lawsuit against OpenAI, accusing the company of misleading users regarding ChatGPT's safety, failing to implement adequate safeguards, and exposing users—including minors—to risks of suicide, self-harm, and violence, allegedly violating state laws.
The suing states also include Arizona, Iowa, Idaho, Kansas, Montana, Nebraska, and West Virginia. The states are requesting the court to compel OpenAI to alter its safety operations, strengthen child protection measures, and compensate for related damages.
Korean stock index plunges more than 5% at the opening bell
ChainThink News, October 15: According to market data, South Korea's KOSPI Index opened sharply lower, falling over 5% and breaking below the 6000-point mark, with intraday decline reaching 5.59%. SK Hynix plunged over 7%, while Samsung Electronics dropped more than 6%.
Coinbase Claims to Hold Approximately 5% of Bitcoin and Urges Immediate Initiation of Quantum-Resistant Migration
ChainThink report, October 15: Coinbase states that its custodied Bitcoin accounts for approximately 5% of the total circulating supply and urges developers to immediately address the quantum computing threat.
The company emphasizes that Bitcoin consensus changes and ecosystem migration may take years, and action cannot wait until quantum computers become capable of breaking cryptographic signatures.
Coinbase recommends adopting a flexible "container" design similar to BIP-360, enabling gradual replacement with post-quantum signature systems;
During the transition, a phased "1-of-2" scheme can be implemented, allowing the same funds to be spent via either traditional keys or post-quantum keys, while remaining compatible with multi-party computation (MPC) key-splitting mechanisms.
For dormant, lost, and Satoshi-era Bitcoin holdings, Coinbase treats them as distinct governance challenges and asserts that any rescue mechanism must itself be post-quantum resistant.
The company established a Quantum Advisory Committee in January and joined the Bitcoin Security Alliance with BlackRock and Strategy in July, committing a combined $15 million toward post-quantum upgrades for Bitcoin.
USDC becomes the first significant electronic money token under MiCA, with supervisory responsibilities set to transfer to the EBA in November 2026.
ChainThink report, October 15: The European Banking Authority has designated USDC issued by Circle Internet Financial Europe SAS as the first significant e-money token under the Markets in Crypto-assets Regulation (MiCA).
The EU currently has 45 e-money tokens registered under MiCA.
Starting November 12, supervisory responsibilities for USDC—including capital adequacy, reserve assets, liquidity requirements, and recovery and resolution plans—will be transferred from the French Prudential Supervision Authority to the European Banking Authority.
The French Prudential Supervision Authority will continue to oversee corporate governance, qualified holdings, outsourcing, and conflicts of interest.
A major whale liquidates 20,000 ETH long positions, realizing profits of $8.93 million
ChainThink news, on October 14, according to EmberCN monitoring, a major whale liquidated 20,000 ETH long positions, realizing profits of $8.93 million.
The address initially opened the position at $1,936 on August 19 and closed it today at $2,421.6. On September 22, when ETH surged to $2,800, the unrealized profit on this position had reached $17.42 million.
OpenAI Accuses Former Employee of Leaking Information Prior to Joining Apple, Intellectual Property Dispute Escalates
ChainThink report, October 14: According to Reuters, OpenAI alleges that a former employee sent over 100 documents related to unreleased devices to a personal account prior to leaving and joining Apple.
OpenAI also claims the former employee subsequently demonstrated the relevant products to senior Apple management. Apple had previously sued OpenAI, accusing it of stealing trade secrets pertaining to unreleased hardware products.
Data: U.S. CPI inflation has remained above the Federal Reserve's 2% target for 67 consecutive months, during which time the USD's value has declined by 22.5%
ChainThink News, October 14: According to messages on the X platform, U.S. CPI inflation has remained above the Federal Reserve's 2% target for 67 consecutive months, with the last time it fell below this threshold being January 2021.
Meanwhile, the value of the U.S. dollar has declined by 22.5% over the same period; in terms of purchasing power, goods and services worth $100 in 2021 now cost $129.
StarkWare Supports Anonymous Order Placement for Polymarket Users, Launches New OffMarket
ChainThink report, October 14: StarkWare has opened OffMarket to the public, enabling users to trade on Polymarket without publicly linking their positions to existing accounts.
The service has been in limited beta since August, leveraging zero-knowledge technology and a shared privacy pool on Starknet. Currently, each account is capped at 1,000 USDC deposits, with future adjustments based on demand.
OffMarket is a non-custodial service, with user keys retained entirely within the browser; orders are still executed on Polymarket at the same market price, matching identical buyers and sellers.
Polymarket's transaction history remains publicly visible on Polygon, while positions, order sizes, and historical data remain accessible—potentially exposing user identity through transaction volume or timing.
This service is not an official Polymarket product and does not carry formal partnership or privileged access; it is part of the Polymarket Verified Builder Program and inherits its geographic restrictions, including prohibitions for U.S. users.
Financial Privacy Inc. holds the master view key for sanctions screening and legal information disclosure.
L2BEAT data shows the Starknet shared privacy pool currently holds approximately $1.5 million in assets and 17,000 deposits.
Ondo Finance TVL Breaks Through $4 Billion
ChainThink report, October 14: Ondo Finance announced that the platform's TVL has surpassed $4 billion, covering tokenized treasuries, stocks, ETFs, portfolios, and private markets.
Among them, tokenized stocks and ETFs have exceeded $1.3 billion in value, with over 1 million cumulative holders across all products.
Ondo states that Ondo Stocks accesses traditional financial exchange liquidity via RFQ and enables permissionless transfers across Solana, Ethereum, and BNB Chain.
Papertrade's cumulative notional trading volume exceeds $1 trillion, with open interest positions totaling approximately $664 million.
ChainThink report, October 14: According to official data, the cumulative notional trading volume of Papertrade, a synthetic perpetual protocol built on HyperEVM, has surpassed $1 trillion, with TVL reaching $61.8 million.
The platform's current open interest stands at approximately $664 million, with total margin collateral across all existing positions amounting to around $13.28 million.
Papertrade fetches the mid-price from Hyperliquid’s order book BBO, enabling users to directly trade against the protocol’s LPs without relying on traditional order book matching.
The native token PAPER has an initial supply of zero, with no pre-mine, team allocation, or VC shares; the sole source of token minting is user losses or liquidations. Upon launch, PAPER is non-transferable and primarily used for staking.
Holdings reduced by approximately 70%, SkyAI sells 1 million SOL tokens and incurs losses exceeding $160 million, major shareholder Bastion Trading demands full disclosure
ChainThink report, October 14: NASDAQ-listed SkyAI has sold 1 million SOL tokens, equivalent to approximately $107 million, and indicated it may continue further sales.
On-chain data shows SkyAI’s average acquisition price for SOL was around $194; based on recent market prices, the estimated loss exceeds $160 million. SkyAI previously held over 2 million SOL tokens.
Form 8-K filed on October 13 reveals the company's current holdings are approximately 600,000 SOL, representing a reduction of about 70% compared to the position disclosed in mid-September.
Since October, the company has transferred out approximately 1.57 million SOL, valued at roughly $175 million.
Bastion Trading, a major shareholder holding approximately 9.99% of SkyAI’s outstanding common shares, expressed serious concerns regarding the company’s cash tender offer and stated it will not participate until the issues are adequately addressed.
The shareholder demands disclosure of SOL disposal details, initiation of an independent review, board restructuring, and an increase in the tender price from $3 per share to at least $3.50 per share.