BTC traded at $83,403, down 0.04% over 24 hours, while ETH stood at $2,503.54, down 1.97%. Gold was at $4,206.60 and silver at $60.635; the S&P 500 and Nasdaq 100 fell 0.06% and 0.71%, respectively, while WTI and Brent fell 2.02% and 2.03%.
1. BTC dips below $82K as crypto market slides
Per SoSoValue data, crypto sectors slid across the board over 24 hours, with losses of roughly 2% to 7%; the RWA sector fell 6.94% and the AI sector fell 6.25%. Bitcoin (BTC) dropped 1.40%, briefly touching around $81,000 before recovering above $82,000, while Ethereum (ETH) fell 2.91% below $2,500.
Assets to watch: BTC, ETH
2. Big-bank earnings week opens as high rates bite
Major US banks report third-quarter results this week, with JPMorgan, Goldman, Citigroup and Wells Fargo due Tuesday before the open, and Bank of America and Morgan Stanley on Wednesday. With Treasury yields elevated, attention shifts to credit demand, deposit costs and asset quality.
Assets to watch: BAC, JPM, WFC
3. Goldman: HBF could ease AI memory wall
Goldman wrote that rising AI inference demand is making storage capacity a bottleneck for compute efficiency, and that new NAND technologies such as high-bandwidth flash (HBF) could ease the memory wall and lower AI infrastructure costs. The bank estimates the potential HBF market at up to $150 billion at 15% to 50% GPU adoption, and favors SanDisk and SK Hynix with buy ratings, with Samsung also positioned to benefit.
Assets to watch: SNDK, SKHYNIX, SAMSUNG
4. Tesla still holds about 8,430 Bitcoin
Per Arkham monitoring, Tesla currently holds about 8,430 Bitcoin worth around $960 million. The company bought Bitcoin for $1.5 billion in February 2021, then sold about 4,670 BTC in March to April 2021 for a gain of roughly $100.2 million.
Assets to watch: BTC, TSLA
5. BitMine within ~76K ETH of 5% target
Per BitMine's announcement, as of October 11 it held 6,028,946 ETH, or 4.9% of ETH's total supply (122.1 million), about 76,000 ETH short of its 5% target; it currently stakes 5,067,309 ETH for annualized staking income of $336 million, which could reach $400 million if fully staked.
Assets to watch: ETH
6. SkyAI has sold about 1M SOL
Per Lookonchain monitoring, SOL treasury firm SkyAI has moved out 1.57 million SOL this month worth about $175 million, at an average purchase price of about $194, implying a loss exceeding $160 million. The company confirmed it recently sold about 1 million SOL, roughly 50% of its original position, still holds about 1 million, and may keep selling depending on market conditions; proceeds are earmarked for a cash tender offer to repurchase shares and warrants.
Assets to watch: SOL, SKYAI
7. NEAR spot ETF logs $3.98M net inflow
Per SoSoValue data, US NEAR spot ETFs saw a total net inflow of $3.98 million on October 12 (US Eastern time), while SOL and ZEC spot ETFs saw net outflows of $699,800 and $1.66 million respectively.
Assets to watch: NEAR, SOL, ZEC
8. Pump.fun wallets move 1.458B PUMP
Per Ember's disclosure, three Pump.fun team or early-investor wallets moved 1.458 billion PUMP (about $7.58 million) to Coinbase Prime. The three wallets collectively hold 70 billion PUMP in allocations that began unlocking in July, and the amount moved represents this month's unlock.
Assets to watch: PUMP
9. Cardano Card to end service October 31
Cardano Card announced it will stop service on October 31, 2026, with cardholders able to use it normally until then. Its partner Wirex is shifting to a non-custodial model and decommissioning custodial infrastructure, so the partnership will end the same day.
Assets to watch: ADA
Market snapshot
BTC: $83,403 (24h -0.04%) | ETH: $2,503.54 (24h -1.97%)
Gold: $4,206.60 (+0.38%) | Silver: $60.635 (+0.20%)
WTI: $91.85 (-2.02%) | Brent: $104.48 (-2.03%)
S&P 500: 7,807.24 (-0.06%) | Nasdaq 100: 30,664.70 (-0.71%)
1. BTC dips below $82K as crypto market slides
Per SoSoValue data, crypto sectors slid across the board over 24 hours, with losses of roughly 2% to 7%; the RWA sector fell 6.94% and the AI sector fell 6.25%. Bitcoin (BTC) dropped 1.40%, briefly touching around $81,000 before recovering above $82,000, while Ethereum (ETH) fell 2.91% below $2,500.
Assets to watch: BTC, ETH
2. Big-bank earnings week opens as high rates bite
Major US banks report third-quarter results this week, with JPMorgan, Goldman, Citigroup and Wells Fargo due Tuesday before the open, and Bank of America and Morgan Stanley on Wednesday. With Treasury yields elevated, attention shifts to credit demand, deposit costs and asset quality.
Assets to watch: BAC, JPM, WFC
3. Goldman: HBF could ease AI memory wall
Goldman wrote that rising AI inference demand is making storage capacity a bottleneck for compute efficiency, and that new NAND technologies such as high-bandwidth flash (HBF) could ease the memory wall and lower AI infrastructure costs. The bank estimates the potential HBF market at up to $150 billion at 15% to 50% GPU adoption, and favors SanDisk and SK Hynix with buy ratings, with Samsung also positioned to benefit.
Assets to watch: SNDK, SKHYNIX, SAMSUNG
4. Tesla still holds about 8,430 Bitcoin
Per Arkham monitoring, Tesla currently holds about 8,430 Bitcoin worth around $960 million. The company bought Bitcoin for $1.5 billion in February 2021, then sold about 4,670 BTC in March to April 2021 for a gain of roughly $100.2 million.
Assets to watch: BTC, TSLA
5. BitMine within ~76K ETH of 5% target
Per BitMine's announcement, as of October 11 it held 6,028,946 ETH, or 4.9% of ETH's total supply (122.1 million), about 76,000 ETH short of its 5% target; it currently stakes 5,067,309 ETH for annualized staking income of $336 million, which could reach $400 million if fully staked.
Assets to watch: ETH
6. SkyAI has sold about 1M SOL
Per Lookonchain monitoring, SOL treasury firm SkyAI has moved out 1.57 million SOL this month worth about $175 million, at an average purchase price of about $194, implying a loss exceeding $160 million. The company confirmed it recently sold about 1 million SOL, roughly 50% of its original position, still holds about 1 million, and may keep selling depending on market conditions; proceeds are earmarked for a cash tender offer to repurchase shares and warrants.
Assets to watch: SOL, SKYAI
7. NEAR spot ETF logs $3.98M net inflow
Per SoSoValue data, US NEAR spot ETFs saw a total net inflow of $3.98 million on October 12 (US Eastern time), while SOL and ZEC spot ETFs saw net outflows of $699,800 and $1.66 million respectively.
Assets to watch: NEAR, SOL, ZEC
8. Pump.fun wallets move 1.458B PUMP
Per Ember's disclosure, three Pump.fun team or early-investor wallets moved 1.458 billion PUMP (about $7.58 million) to Coinbase Prime. The three wallets collectively hold 70 billion PUMP in allocations that began unlocking in July, and the amount moved represents this month's unlock.
Assets to watch: PUMP
9. Cardano Card to end service October 31
Cardano Card announced it will stop service on October 31, 2026, with cardholders able to use it normally until then. Its partner Wirex is shifting to a non-custodial model and decommissioning custodial infrastructure, so the partnership will end the same day.
Assets to watch: ADA
Market snapshot
BTC: $83,403 (24h -0.04%) | ETH: $2,503.54 (24h -1.97%)
Gold: $4,206.60 (+0.38%) | Silver: $60.635 (+0.20%)
WTI: $91.85 (-2.02%) | Brent: $104.48 (-2.03%)
S&P 500: 7,807.24 (-0.06%) | Nasdaq 100: 30,664.70 (-0.71%)