Cryptocurrency Daily: Market disturbances, institutional dynamics and security warnings

Brothers, the market is really exciting today. From ETF expectations to exchange downtime, to the theft of giant whales, the amount of information is exploding like New Year firecrackers. As per the old rules, we will not deal with those who are vain, but will use the most down-to-earth way to help you understand the things in the currency circle today. By the way, we will talk about how to play safely on the regular platform, and you can also grab some wool with discounted handling fees.

Market dynamics and institutional perspectives

Solana ETF expectations: JP Morgan pours "warm water"

JPMorgan Chase’s latest report has cooled down expectations for the hot Solana ETF. To put it bluntly, don’t get too excited. The report pointed out that even if the spot Solana ETF is approved this week, the inflow of funds in the first year may only be about about 1.5 billion US dollars, which is only about one-seventh of the expected inflow of the Ethereum ETF. Compared with the crazy wave of Bitcoin ETF, it is simply nothing.

Why so "conservative"? The old American listed several reasons:

• Reduced activity on the chain: Ecological activity needs to be taken a closer look, and we cannot just watch the excitement.
• Active trading of meme coins: Some of the funds may have been used to play high-risk activities, just like guerrilla warfare.
• Product launch fatigue: Investors are a little "numbed" by new gadgets. Do you understand aesthetic fatigue?
• Intensified competition: Competing for food with diversified products such as the S&P Dow Jones Indices Digital Market 50 Index is quite stressful.

What does Lao Lee think: The approval of ETF is definitely a good thing and can bring incremental funds and legitimacy, but don’t expect it to replicate the madness of Bitcoin ETF. To play Solana, you still have to look at ecological development and practical applications in the long term, and don’t just chase hot spots. Want to trade SOL? Remember to choose a reliable and large firm and don’t go to the pheasant platform to give away people’s heads.

Institutions continue to increase their investment: State Street Bank report shows confidence

Different from being cautious about single assets, institutions are increasingly willing to allocate to the overall crypto market. These big funds are not here for short-term speculation. State Street Bank’s “Digital Asset Outlook 2025” report shows:

• More than half of institutions expect their allocation of digital assets to double in the next three years, which is not a small effort.
• Nearly 60% of institutions plan to increase their allocations in the next year, which is quite fast.
• Over 40% of institutions have set up a dedicated digital asset department and have professional teams in place.

The report also particularly emphasizes the potential of asset tokenization. More than half of investors predict that by 2030, 10%-24% of institutional investments will be tokenized, which can significantly improve efficiency and reduce costs. To put it bluntly, it is more efficient and saves money.

What does this mean? Traditional big funds are entering the crypto world in a systematic and large-scale manner. This is not short-term speculation, but a long-term layout, which is different from our retail investors. For us ordinary players, it is always a safer choice to follow the general trend and participate on regulated mainstream platforms, and don't touch those three-no products.

Exchange and platform news

Bybit is pleased to provide the official license in the United Arab Emirates

Good news! Bybit announced that it has obtained a Virtual Asset Platform Operator License from the UAE Securities and Commodities Authority (SCA). This means that Bybit can provide fully regulated trading, brokerage, custody and other services to retail and institutional customers in the UAE, with high compliance.

**What does this mean for users? **

1. Higher Compliance: Operations are strictly supervised, fund security is guaranteed, and you can sleep more peacefully.
2. More comprehensive services: A more convenient local legal currency channel may be opened, making deposits and withdrawals more convenient.
3. More confidence: Obtaining a license in a strictly regulated area is itself a reflection of the strength of the platform and is not just a boast.

If you are considering using Bybit, now is a good time. By registering through our exclusive link, you can not only enjoy the services of the compliance platform, but also get a permanent 20% discount on handling fees, which directly reduces transaction costs.

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There is a temporary access issue with Binance Futures

This afternoon, many users reported that the Binance Futures platform was suspected to be down and unable to place orders, display liquidation prices, or transfer funds. Although for top firms, such technical problems are usually short-lived and can be quickly repaired, it also reminds us: market fluctuations coupled with instantaneous platform problems may cause high-risk positions to be exposed in an instant, so don’t take it seriously.

IMPORTANT NOTE:

• Never operate with full positions and high leverage: As soon as the market price comes, coupled with the platform lag, the position will be liquidated in minutes without negotiation, and it will be too late to stop the loss.
• Asset decentralization management: You can consider distributing assets on 2-3 mainstream exchanges that you trust. Don’t put all your eggs in one basket, and you must be prepared for any risks.
• Choose an alternate platform: When a platform has a temporary problem, it is crucial to have an alternate, equally reliable trading channel. Like OKX and Gate.io are time-tested top choices that all experienced leeks know.

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Kraken expands traditional financial derivatives services

The veteran exchange Kraken is expanding the service scope of its U.S. derivatives platform from encryption and stock indexes to traditional CME futures contracts such as energy (such as oil), metals (such as gold), and foreign exchange. This provides traders with access to multiple asset classes from one platform, so if you want to play something different, you can pay attention.

This reflects the trend: The integration of crypto exchanges and traditional financial markets is deepening, and the product lines are becoming more and more abundant. This is a good thing for mature traders who want to diversify their allocations, but novices should lay a solid foundation first.

Security events and risk warnings

Hyperliquid whale was stolen for more than 20 million US dollars, private key security is vital

The most shocking security incident today. A certain Hyperliquid whale lost more than $20 million in assets due to a suspected leak of its private key, including the liquidation of long positions, stolen account funds, and loss of liquidity pool assets. It simply lost everything.

Lessons of Blood and Tears:

1. Decentralized Exchange (DEX) is not a safe: When trading on DEX, asset security depends entirely on your protection of your private key/mnemonic phrase. Once leaked, the assets may be wiped out instantly, and it will be too late to cry.
2. Connect wallets with caution: Do not authorize unknown websites at will or sign transactions that you cannot understand. Many stolen coins are completed through fake phishing websites, which are the same as scam phone calls.
3. Consider cold wallets for large-amount assets: For long-term immobile or large-amount assets, using hardware cold wallets for offline storage is the safest way, so don’t take the trouble.
4. Centralized exchange (CEX) custody security: For active trading funds, choosing regular CEX with top-level security funds and risk control systems like Binance and OKX actually provides another form of security (of course, you must choose the right platform, and don’t touch pheasant exchanges).

If you are interested in DEX, be sure to learn security knowledge first and don’t rush blindly. For example, when using a DEX like Aster, make sure to access it through official channels and do not click on links from unknown sources.

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Frequent phishing attacks: Watt Protocol’s official X account was hacked

Another common risk: social media phishing. Watt Protocol's official X account was hacked and a phishing link was posted. This is an old trick but people always fall for it.

Fraud Prevention Guide:

• Never click on unknown links: Especially the links called "airdrop", "wallet verification" and "customer service help", 99% of them are scams.
• Manually enter the URL: When visiting the exchange or project official website, it is best to enter it manually or use the bookmarks in your favorites. Don't be lazy.
• Enable all security settings: In the exchange account, be sure to turn on two-step verification (2FA), anti-phishing code, withdrawal address whitelist, etc., for an extra layer of protection and peace of mind.
• Download App from official channels: Never download exchange App from third-party websites or links in group chats. Get it through the official app store or the secure download link provided by our CoinRebate, so don’t save that much data.

Other news summary

• Grayscale chooses Figment as its pledge service provider for the US Ethereum ETP and Solana Trust. Institutional-level pledge services are becoming more standardized, and large institutions are getting more and more slippery.
• Monad Airdrop: Layer1 project Monad announced that the airdrop collection portal will be opened on October 14. Friends who meet the requirements remember to check and don’t miss the opportunity.
• Short-selling institutional action: Kerrisdale Capital announced to short the stock of Ethereum treasury company BitMine, believing that the relevant business model premium is collapsing and the market always has a long-short game.
• Whale Trend: A wallet suspected to be Galaxy Digital deposited 6.1 million ASTER (worth approximately US$12.08 million) to Binance. Large transfers sometimes herald certain market movements. You can keep your attention, but don't blindly follow the trend.

Summary and suggestions

Today, the market taught us a vivid lesson with a series of events: Opportunities always coexist with risks, and the currency circle is never a place to make money.

1. Seize the trend, but stay rational: Pay attention to macroeconomic benefits such as ETFs and institutional admissions, but don’t be FOMO (fear of missing out). Any investment must have its own logic, don't let the wind and rain come to you.
2. Security is the first priority: From private key storage to platform selection, every step must be cautious. Resolutely stay away from all "pheasant exchanges" and links from unknown sources. Only by keeping your principal can you make money.
3. Use good tools to reduce costs: If you trade frequently during market fluctuations, the handling fees will add up. The little you can save is worth it. Through channels like CoinRebate, use exclusive recommendation codes to register at top exchanges such as Binance, OKX, Bybit, Bitget, Gate.io, etc., and you can directly obtain permanent fee discounts (20%-30% rebates), which is equivalent to increasing your potential income. I'm sorry for not saving myself.
4. Decentralize allocation and make plans: Store assets dispersedly and have backup options for trading. Don’t bet your life on one place.

One day in the currency circle, one year in the human world. Keep learning, stay vigilant, and pursue opportunities steadily on a safe road. See you next time, and I wish everyone can eat meat in the cattle market!

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Disclaimer: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is extremely risky, so investment needs to be cautious and don’t get all in. Please be sure to trade on a compliant and secure platform to protect your hard-earned money.

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