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• Murad Mahmudov: A Memecoin Could One Day Surpass Bitcoin and the Entire Stock Market in Market Cap Prominent crypto investor Murad Mahmudov @MustStopMurad predicted at TOKEN2049 Singapore 2026 on October 16 that a meme coin could one day surpass Bitcoin in market capitalization and eventually even the entire stock market. He argued that the most promising assets need not generate revenue but can act as an "empty cup" absorbing wealth from elsewhere. Murad said value will flow to tokens meeting two conditions: existing holders willing to hold long term without selling, and many potential participants yet to join. He calls this the "Fat Movement Thesis," predicting successful meme coins will evolve into movements backed by communities of committed long-term holders. Wu Blockchain
• The largest cluster of net long $BTC positions entered at $81,993. With Bitcoin price now trading below that level, positioning is back in focus. 64% of net long notional was entered above the spot price. Do they add or fold? Coinbase Markets 🛡️
• NEW: Arthur Hayes claims to have “dumped it all,” making profits from ETH, ENA, and UNI. “I think we gotta go down to go up. It looks a bit dicey out there in macro and geopolitical land,” he said. Hayes' comments come amid an unprecedented, AI-fueled global cybersecurity crisis. $ETH $ENA $UNI The Block
• At 14:59 UTC on October 23rd, an attacker exploited a bug in Initia MoveVM’s script caching that allowed malicious code to bypass security checks. The attacker artificially spoofed the MoveVM state, thereby crediting themselves with unbacked WETH, iUSD, and USDC tokens without changing the corresponding token’s total supply. No native INIT was minted, and the total INIT supply is unaffected. Before the network was halted, the attacker bridged out roughly $2.7M, comprising of 105 WETH and ~1.4M AUSD0 via LayerZero along with ~1.08M USDC via Noble and CCTP. The tokens were swapped for 1,135.52 ETH and currently sit in 0x358ef0130f7a5aa516dcd81bdc80b18cde41cac8 on Ethereum Mainnet. We are actively working on a security fix to patch the identified vulnerability. We expect this to be completed and audited in a few days. Additionally, asset recovery efforts are ongoing with the help of security partners. The Initia L1 and Rollups remain halted as we work toward a resolution. We hope to safely resume network operations as soon as possible and will provide a full post-mortem once available. In the meantime, we will continue to share verified updates through our official channels. Please remain cautious of unofficial links, messages, or claims. Initia 🪢
• @ubyx_ is an acceptance network for tokenized money designed to achieve stablecoin and tokenized-deposit ubiquity. Ubyx is part of the first cohort of partners in the Cosmos Partner Network. Hear what drove them to join. Cosmos - The Interchain ⚛️
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