Odaily
Odaily
Odaily是亚太地区领先的Web3.0行业内容平台，并与36Kr达成独家战略合作，专注区块链技术、加密资产、去中心化协议等前沿领域的新闻资讯、深度解读、行业研究等内容生产，并致力于服务行业头部企业，提供整合营销服务。
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Bitcoin ETF net inflows have remained positive year-to-date, reaching $355 million
Odaily Planet Daily reports that the head of Galaxy Research posted on the X platform that the net inflow of Bitcoin ETFs has remained positive since the beginning of the year, reaching $355 million, and turned positive again in September.
Holding 35,600 BTC, Strive's stock target price raised to $56 by TD Cowen
Odaily Planet Daily News reported that Bitcoin News posted on platform X that after weeks of continuous buying, Strive reportedly holds 35,600 BTC and has attracted Wall Street's attention. On October 16, TD Cowen raised Strive's stock price target from $44 to $56. Strive priced 7 million preferred shares at $90 each, raising approximately $630 million (before fees); this method avoids immediate dilution of common shares but requires dividend payments. Strive's stock price fell 6.1% on Friday, i
Valued at $28.44 million, Sun Yuchen's address received 7.2 trillion PEPE after two years
Odaily Planet Daily reports that according to on-chain analyst Ai Yi's monitoring, 22 hours ago, Sun Yuchen's address (0x176…0a132) received 7.2 trillion PEPE from the Poloniex multisig address, valued at 28.44 million USD. This is the first on-chain PEPE operation for this address since June 2024, when the PEPE price was still 0.00001256 USD.
Could it really be a liquidation windfall? 😮😮
The first miner liquidated 10,000 and obtained 1 million Paper tokens, which is now more than triple the pre-market contract price.
PAPER has been online for one week, with a highly concentrated position distribution.
According to the position distribution data released by paperstrategy @paperstrategy_ (at one week online), $PAPER has a total of 14,795 holders. ⬇️
~52% of holders collectively hold only 0.2% of all PAPER;
~150 holders hold 61% of the supply;
~9 addresses hold more than 100 million each, accounting for 15.3% of the total supply;
~The largest single position accounts for about 3%.
Since PAPER is currently non-transferable and can only be staked, the position distribution has not yet undergone secondary market redistribution.
Pre-market pricing and market cap reference
Hyperliquid @HyperliquidX's paragon @tradeparagon market has opened PAPER-USDC pre-market trading. From the market view, the price has risen sharply in a short time, around $0.0339, with a 24-hour increase exceeding 180%. The 24-hour trading volume is about $1.4 million, open interest contracts about $1.69 million, liquidity and depth remain limited.
The market cap estimated at the current price is about $116 million, FDV about $166 million, with a relatively low market cap/revenue multiple.
⚠️Note: The real tradable supply of PAPER has not yet been fully released, and earnings highly depend on continuous trader losses and liquidations. Early high returns were generated under the background of highly concentrated losses and a staking rate close to 100%.
Odaily
It's insanely popular, and orders have to queue according to position size.
Even loss mining is a rush, users wanting to liquidate better hurry up 😅😅
Papertrade officially opens tonight at 10 PM, with 11,465 addresses and a total deposit of $138 million, trading volume reaching $24 billion within 10 minutes.
Papertrade @papertrade_xyz is a full-chain synthetic perpetual deployed on HyperEVM. The price takes the mid-price of the BBO from the Hyperliquid order book, users directly bet against the protocol LP, without traditional order book matching. It features high leverage, zero slippage, and no funding fees.
The native token $PAPER has an initial supply of zero, with no pre-mine, team, or VC allocation. The only minting source is user losses and liquidations. Transfers are restricted at launch and mainly used for staking.
Opening rate limiting
During the opening phase, Papertrade does not allow everyone to directly interact with contracts; trades go through the official website frontend and whitelist relays first, with relays deciding when to send trades to HyperEVM. Small orders may wait longer, large orders get priority. Once congestion passes and MEV front-running risks are gone, direct contract interaction will be opened.
KOLs on X are already dissecting the mechanism ⬇️
@alu1337 explains clearly: orders do not go through HyperCore, only borrowing Hyperliquid's mid-price as an oracle; counterparties are zero-seed LPs that grow through contract losses and liquidations; losers enter the pool and receive $PAPER, winners exit from the pool, and if the pool is insufficient, exits queue.
@SpadezWrites says the team is @izebel_eth and @blurr, summarizing it as "exchanging losses for tokens": when LP is below $2 million, every $1 loss mints 100 $PAPER, with the ratio decreasing afterward.
$890,900 HYPE burned in the past 24 hours, Hyperliquid has cumulatively burned 49.63 million tokens
Odaily Planet Daily reports that according to Onchain Lens monitoring, Hyperliquid bought and burned 11,340 HYPE at an average price of $78.55 in the past 24 hours, worth $890,900. Hyperliquid has cumulatively burned 49.63 million HYPE, approximately $3.9 billion, accounting for 4.96% of the maximum supply of 1 billion. The estimated fees in the past 24 hours were $764,900, and the revenue in the past 30 days was $69.94 million.
BIS Working Paper: Bank Deposit Rate Rise Slows Stablecoin Growth
Odaily Planet Daily reports that a working paper from the Bank for International Settlements (BIS), based on weekly US data from January 2019 to June 2025, found that when bank deposit interest rates rise, the growth rate of the stablecoin market slows down. The paper's authors include BIS economist Iñaki Aldasoro and Rashad Ahmed from the Andersen Institute for Finance and Economics.
In the sample, the stablecoin market capitalization grew about 15% over a typical 10-week period. Baseline estim
Can Bitcoin return to $100,000 by the end of the year? Market opinions diverge
Odaily Planet Daily reports that market analysts have differing views on whether Bitcoin can return to $100,000 by the end of 2026.
Ryan Rasmussen, Head of Research at crypto asset management company Bitwise, believes that demand driven by institutions through ETFs and corporate purchases, concerns about inflation and government debt, as well as improvements in the regulatory environment, could push Bitcoin to higher levels by year-end, potentially breaking through $100,000.
Adam Morgan McCarthy
Michael Saylor has once again released Bitcoin Tracker information, possibly disclosing position change data next week
Odaily Planet Daily reports that Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, has once again released information related to the Bitcoin Tracker. According to previous patterns, Strategy typically discloses changes in Bitcoin holdings the day after the announcement is released.
Strive CEO posted a picture hinting at the possible disclosure of BTC accumulation data next week
Odaily Planet Daily reports that Strive CEO Matt Cole posted the company's Bitcoin holdings data chart on the X platform, captioned "Now stacking sats with double horsepower," hinting at a possible disclosure of BTC accumulation data next week. This move may be emulating Strategy founder Michael Saylor.