$INTC Plummets: Market Cap Erases Over $100 Billion; Q4 Guidance Below Expectations Media account @coinbureau reports: Intel $INTC tumbled intraday by as much as 30%, erasing over $100 billion in market value, nearing its largest single-day decline in history. If it closes below approximately $68, it will be the worst single-day performance since 1974; below approximately $64.50, it could record the worst single-day decline on record. 📌 Background (External Media / Earnings Report Perspective) ・ The primary driver of the decline is Q4 guidance below Wall Street expectations: revenue guidance of $15–16 billion (market consensus ~$17 billion); adjusted EPS of ~$0.25 (consensus ~$0.43) ・ The actual Q4 earnings report itself was not weak: data center revenue grew nearly 80% year-over-year (~$7.3 billion in revenue, etc.) ・ Pressure stems from the PC segment: memory shortages have increased laptop and desktop costs, prompting Intel to lower its PC shipment outlook; the incident at Israel’s Fab 28 also negatively impacted Q4 revenue by hundreds of millions of dollars

$BTC breaks below the $80,000 support; intraday low near $76,400, a six-week low. According to @DeItaone breaking news: Bitcoin weakened following news related to the Binance hack, declining approximately 2.1% to $77,182, with an overnight low of around $76,368—the lowest level in about six weeks. David Morrison, analyst at Trade Nation, said: "$BTC has broken below the $80,000 support level that held over the past six weeks; the next key support is at $75,000. A break below this level could retest the summer lows."

🚨 Binance Co-CEO Richard Teng: Company Funds Fully Cover Losses; Withdrawals Targeted for Restoration by Sunday; PoR Expected Monday Binance Co-CEO @_RichardTeng released a security incident update video, along with a full transcript. He reaffirmed: the company is committed to covering all losses from the breach with its own funds; user assets are secure; and efforts are underway to recover stolen assets. 📌 Key Highlights: ・Funds: Over $6.34 billion in company funds have been reserved; approximately $5 billion is already held in the same assets affected (e.g., $USDC, $USDT, $BTC, $ETH, $BNB, etc.); the remainder is being replenished via market and OTC channels. ・User Funds: Binance never uses client funds; the affected wallets were Binance’s own hot wallets; user assets are primarily stored in cold wallets and only enter hot wallets during withdrawal requests. ・Proof: Users are encouraged to verify their account balances; an initial Proof of Reserves (PoR) audit is targeted for public verification on Monday, with an early overview expected before then. ・Nature of Attack: Not the work of a single individual; initial findings suggest a laptop was compromised, with further investigation uncovering additional entry points; the attack was complex and included self-destruct mechanisms to erase tools and traces. ・Technical Pathway: Attackers exploited EIP-7702 to gain on-chain execution authorization over hot wallets, and this delegation bypassed standard approval controls—hence the temporary suspension of withdrawals for comprehensive investigation, infrastructure reconstruction, and retesting. ・Current Status: Withdrawal services are being rebuilt and will not go live until they pass rigorous testing; “very confident” withdrawals will be restored by Sunday’s deadline, with progress already on track within approximately 40 hours; a full company-wide security review is underway (endpoints, cloud, key management, signing, etc.); collaboration with law enforcement, on-chain intelligence providers, token issuers, and other exchanges to trace and recover stolen assets.

Aave: All V3/V4 markets have been unfrozen; LTV for certain assets remains temporarily at 0. The DeFi lending protocol @aave has issued an update regarding the Binance incident: All Aave V3 and V4 markets are now unfrozen. Previously frozen as a precautionary measure, new deposits and new loans were paused, but withdrawals and repayments continued normally. The protocol emphasizes that Aave contracts were unaffected by this event, and all positions remain adequately collateralized. Continued precautionary measures: USDT, $USDC, USDT0, $POL, WAVAX, sAVAX, $XAUT, $PAXG, and $OP will temporarily maintain an LTV of 0 and cannot be used as collateral for new loans.

📌 $BTC Stuck Below $85K: ETF Demand Fades, Volatility Returns to 2023 Summer Levels, Losses Converge According to @glassnode’s latest Week on Chain report, “Quiet Under $85K”: Bitcoin has once again retreated to the $84K–$85K range; this zone has seen only five closing days above it since January this year, and never for more than three consecutive days. Key Highlights: • ETFs: Approximately $653 million in inflows on 10/19 have largely reversed; on 10/22, single-day outflows reached ~$540 million, with net inflows over the past two weeks totaling only ~$67 million. Daily trading volume averaged ~$1.3 billion since May, dropping to ~$700 million on 10/23—demand remains weak near current prices. • Cost Basis: The average cost for U.S. spot ETFs is ~$81,500; True Market Mean is ~$77,900; short-term holders average ~$75,800. Price is now slightly below the ETF cost line. • Long-Term Holdings: Over 4 million BTC held for more than 155 days have a cost basis between $85K–$118K, over half above current levels—any rebound toward $85K may trigger significant sell pressure from break-even sellers. • Order Book: Binance spot orders at $80K have dwindled to only ~$3.4 million; stronger buy support has shifted down to $78K–$79K, totaling ~$42 million. • Macro: U.S. leading economic indicators are flat; consumer confidence has dropped 7.1 points over two months to 48.1 (approaching its lowest level since 2009); the Fed raised rates by 25 bps on 9/16, with tonight’s (ET) decision imminent. • Volatility: 1-month realized volatility is ~25%, returning to 2023 summer levels—only about 5% of trading days since 2015 have been quieter. Low volatility preceding a decision often precedes the next major move. • Loss Convergence: At the August low, single-day net realized losses peaked at ~$630 million; on 10/24, the largest single-day net loss was ~$27 million—fewer holders are willing to sell at a loss. • Comparison to 2023: This rally from the June low is up ~38%; during the same period in 2023, it was ~75%—pace remains behind.

🚨⚠️ On-chain Alert: BSC Prediction Platform Predict Fun Suspected of Being Hacked, Approximately $300,000 in Funds Have Been Drained According to the on-chain tracking account @OnchainLens, Predict Fun (BSC) appears to have been compromised, with approximately $300,000 in suspicious funds moving from multiple contracts through intermediary wallets to the Relay cross-chain bridge, and subsequently reported to be bridged and deposited into the mixer Tornado Cash. The account stated that the investigation is ongoing and additional related addresses are being monitored. At this stage, the situation remains “suspected” with “suspicious funds”; official confirmation of a breach is still pending further information.

📉 Wintermute Weekly Report: Bitcoin Falls for Third Consecutive Week, Breaks Below $82,500; Watch This Week’s FOMC Market maker @wintermute_t and OTC trader @Jjay_dm released their October 26 weekly market report, noting that $BTC fell another 2.43% this week, marking its third consecutive weekly decline and breaking below the previously supportive $82,500 level, retesting $80,000. The weekly high was approximately $84,900, while the low approached $79,100. $ETH declined about 3.40% to around $2,330. 📌 Key Highlights: ・U.S. spot Bitcoin ETFs recorded a net outflow of approximately $636 million on Thursday, the largest single-day outflow since June; the Nasdaq fell about 2.6% that day. ・Brent crude rose 5.66% weekly to $116.72, with oil prices replacing AI funding as the market’s primary concern; the U.S. 10-year Treasury yield is around 4.99%, and gold is near $4,008. ・Key Levels: Short-term recovery requires reclamation of the $82,000–$82,500 range; if $80,000 is breached, the next target is $76,000, with a potential breakdown toward the $70,000 zone if that level falls. ・Wintermute View: Remain cautious until the FOMC/PCE reports pass without volatility and $82,500 is firmly reclaimed; current market sentiment lacks directional consensus. This Week’s Focus: FOMC on October 29 at 2:00 AM Taipei Time (2:00 PM EDT on October 28), followed by Q3 GDP and September PCE data the next day, and monthly options expiration on Friday.

🐳 The ancient whale has awakened! $ETH purchased during the 2015 ICO, dormant for nearly 11 years, is now being sold. According to @EmberCN, an ancient whale address bought 100,000 $ETH in 2015 at approximately $0.311 each, for a total value of about $31,000. In 2016, the address sold 50,000 $ETH at around $5.47 each, cashing out approximately $274,000—a profit of roughly 17x. The remaining 50,000 $ETH were held until now: over the past two hours, 5,000 $ETH have been transferred, with approximately 1,500 $ETH (around $3.45 million) already deposited into centralized exchanges.

The models are already this powerful—why doesn’t OpenAI just start 100 companies? @OmniTools_AI summarizes a trending Hacker News thread: If frontier models are this strong, why is OpenAI still selling tokens instead of building applications and capturing the end-user profits? 📌 Key Takeaways 1️⃣ Models can already get real work done: OpenAI claims GPT-5.5 achieves or exceeds industry expert performance on 84.9% of 44 occupational tasks in GDPval; CFO Sarah Friar notes that Canva’s code is “100% generated by OpenAI,” and Travelers Insurance’s AI claims assistant scaled nationwide within two months. 2️⃣ What’s truly lacking isn’t intelligence, but “who is accountable for the outcome”: Models excel at well-defined tasks, but running a business requires market judgment, cash flow management, regulatory compliance, and handling customer complaints—all with financial consequences for mistakes. The community consensus is: no one dares to let a model be held accountable for results. 3️⃣ Codex shifted to strict token-based pricing: Moving from monthly estimates to usage-based API billing means OpenAI is selling access to compute and capability, not outcomes—the risk remains with the user. 4️⃣ This business is already huge: Friar revealed OpenAI’s annualized revenue run rate surpassed ~$40 billion as of July 2026, with enterprise customers accounting for over half. Ramp data shows enterprise spending on OpenAI APIs grew 82% quarter-over-quarter. 5️⃣ “Pay-for-performance” is still in the future: Friar says pricing based on business outcomes may come later, but Codex’s current model focuses on granular token billing. HubSpot has begun trialing “pay only if successful” models, though limited to easily measurable use cases like customer service and sales lead generation. In short: The models are powerful, but OpenAI has chosen a safer path—charging for capability while leaving operational risk with its customers.

🐳 Abraxas Capital has accumulated over $353 million in profits across two accounts on Hyperliquid, with short positions exceeding $1.29 billion. According to @lookonchain, Abraxas Capital’s two hedging accounts on Hyperliquid have collectively generated over $353 million in profits, with current short positions exceeding $1.29 billion. Screenshots show combined P&L of approximately +$199.6 million and +$153.6 million for the two accounts; net short positions of approximately -$712 million and -$581 million, primarily targeting BTC, ETH, and other contracts.