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2026-10-11 · 3 high-impact headlines

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  1. AERO and VELODROME are on the verge of merging, both surging over 16%.BlockBeats news, October 11, according to HTX market information, AERO is currently trading at $0.9422, with a 24-hour increase of 17.29%; VELODROME is currently trading at $0.04087, with a 24-hour increase of 16.74%. Aerodrome and Velodrome will merge into a unified cross-chain DEX Aero, which has been finalized to launch on October 21, covering Base, Ethereum mainnet, OP, Arc, Ink, and adding Robinhood Chain and Arbitrum. AERO and VELO tokens will be merged into a single AERO, with approximately 94.5% of previous revenue distributed to AERO holders and 5.5% to VELO holders, and the community and trading platforms will also migrate to Aero.
  2. A certain whale withdrew 26,070 ZEC from a CEX, worth approximately $31.93 million.BlockBeats news, October 11: According to Onchain Lens monitoring, a whale accumulated 26,070 ZEC, worth approximately $31.93 million, from Binance and Kraken within minutes and withdrew them.
  3. Papertrade's cumulative notional trading volume exceeds $573 billion, with open interest positions reaching $3.3 billion.BlockBeats news, October 11, according to official website data, the synthetic perpetual protocol Papertrade based on HyperEVM has accumulated a nominal trading volume of over $573 billion since its launch at 22:00 Beijing time yesterday, with open interest positions reaching $3.322 billion, and the margin amount corresponding to all existing positions is $20.29 million. Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM, with prices read from the BBO midpoint of the Hyperliquid order book. Users directly trade against the protocol LP as the counterparty, rather than going through traditional order book matching. The protocol focuses on high leverage, zero slippage, and no funding rates. The native token PAPER has an initial supply of zero, with no pre-mining, team, or VC allocations, and the only minting source is user losses or liquidations; in the initial launch phase, the token is not freely transferable and is mainly used for staking.
  4. Sources: US envoy may visit Moscow within two weeksBlockBeats news, October 11, according to CCTV News, on October 10 local time, the Russian side, citing sources, said that U.S. negotiators Witkoff and Kushner, who are leading the mediation of the Ukraine peace agreement, may visit Moscow within the next two weeks.
  5. STRK breaks through $0.1, hitting a new high for the year.BlockBeats news, October 11, according to HTX market data, STRK broke through $0.1, currently at $0.1022, hitting a new high for the year, with a 24-hour increase of 39.69%.
  6. U.S. SEC Sues Two Former Linqto Executives, Alleging Fraud of Over $430 Million Against Retail InvestorsBlockBeats news, October 11: The U.S. Securities and Exchange Commission (SEC) announced that it has sued two former executives of Linqto, a private company investment platform headquartered in San Jose, California, William Sarris and Joseph Endoso, accusing them of misleading and defrauding thousands of retail investors hoping to invest in pre-IPO unicorn companies. According to the SEC's complaint, between 2021 and 2024, a subsidiary of Linqto sold more than $430 million worth of special purpose vehicles (SPVs) to retail investors, which held interests in private companies. The SEC alleges that Sarris and Endoso claimed that the platform's quotes reflected current market conditions or were below market prices, but that the pricing of almost all products was in fact above fair value; the two are also accused of falsely claiming that some securities had sold out or been fully subscribed, and of claiming that the platform used an algorithm to dynamically adjust prices based on investor demand, while pricing was in fact still done manually by employees. In addition, although the company's legal counsel had informed them that its business violated federal securities regulations, the two still told investors that Linqto complied with relevant legal requirements. The complaint also accuses the two of illegally operating an unregistered investment company and illegally selling unregistered securities through the subsidiary to investors who did not qualify as accredited investors. The SEC charges the two with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, and with aiding and abetting Linqto in committing related violations, as well as allegedly violating securities registration requirements and relevant provisions of the Investment Company Act of 1940; Sarris is also accused of being liable as a control person. The SEC has sought a court-issued injunction, disgorgement of ill-gotten gains and related prejudgment interest, civil penalties, and a ban on the two serving as officers or directors of public companies. The investigation was handled by the SEC's San Francisco Regional Office, with assistance from the U.S. Attorney's Office for the Southern District of New York and the Federal Bureau of Investigation (FBI). The above contents are all allegations raised by the SEC and remain subject to further adjudication through judicial proceedings.
  7. CZ Releases Crypto Asset Custody Guide, Recommends Choosing Custody Methods Based on Asset Scale and Technical CapabilitiesBlockBeats news, October 11: Binance founder CZ released a streamlined guide to crypto asset custody, advising users to match security measures to their own holdings and technical proficiency, and to focus on three major issues: preventing asset theft, avoiding accidental loss, and planning ahead for asset inheritance. Regarding self-custody, CZ advised users to store private keys on offline devices, use reliable hardware wallets, verify transaction addresses, and set up multiple offsite backups, while reminding users to avoid saving keys through photos or screenshots to prevent them from being synced to the cloud and leaked. On asset inheritance, users should prepare a secure recovery plan in advance and avoid directly sharing keys or storing recovery information in unencrypted form. For centralized trading platforms, CZ advised users to assess platform reputation, security capabilities, and business models, and to strengthen account protection through measures such as a separate email, strong passwords, two-factor authentication, hardware security keys, and withdrawal address whitelists, while staying alert to phishing attacks and API credential leaks. CZ further advised that users should reasonably allocate assets between centralized trading platforms and personal wallets based on their own technical proficiency, security management level, and fund usage needs. Self-custody means users must independently bear responsibility for private key protection and asset recovery, while platform custody involves platform credit and counterparty risk. In addition, keeping an independent wallet helps maintain asset access during platform maintenance or service interruptions.
  8. Ledger confirms unauthorized hardware implant in affected user devices, reseller CryptoBilis suspends inventory sales.BlockBeats news, October 11: Ledger Support has issued an update stating that it has confirmed an unauthorized hardware implant in the device of one affected user, and is currently contacting the affected user and continuing to investigate the matter. Ledger is calling for anyone with information to come forward and says it is cooperating with relevant law enforcement authorities to hold those involved accountable. Out of an abundance of caution, CryptoBilis has confirmed the suspension of sales of all hardware wallet inventory until the investigation concludes, and Ledger is actively communicating with it on follow-up measures. Ledger states that there is currently no indication that its security infrastructure, systems, or services have been compromised. For users who purchased Ledger devices from this reseller, if they have not yet completed the initialization setup, it is recommended that they temporarily refrain from starting the setup; if setup has already been completed, they should consider transferring assets to a new Ledger signing device using a new mnemonic phrase. Ledger emphasizes that security threats are constantly evolving, and the company is continuously improving its security protections and advancing more sophisticated tamper-resistant solutions. It also reminds users to be vigilant against scams exploiting the situation and to obtain the latest information only through Ledger's official channels. Ledger will not ask users to provide their 24-word recovery phrase.