Ark Invest: Bitcoin Bull Market Cycle May Have Entered Late Stage

The cryptocurrency mining company NetBrands, listed on the U.S. OTC market, has announced the launch of a 'layered' digital asset treasury with an initial funding of $10 million and a target size of $100 million. The treasury will use Bitcoin (BTC) as a long-term reserve asset, aiming to retain the mined Bitcoin to the greatest extent possible, while also investing in Ethereum (ETH) and Aave (AAVE), and exploring additional yields through staking. This initiative is designed to optimize asset allocation and enhance investment returns.

[Upbit to Suspend Moonbeam (GLMR) Deposit and Withdrawal Services on October 13] Due to the Moonbeam (GLMR) network upgrade, Upbit will suspend GLMR deposit and withdrawal services starting from 18:00 (Hong Kong Time) on October 13, 2025. The resumption time will be announced separately after network stability is confirmed. GLMR trading will not be affected. Users are advised to complete relevant operations in advance to avoid asset anomalies caused by the suspension of deposits and withdrawals.

[WLFI Advisor Ogle Opens 20x Leveraged Long Position on BTC After Liquidation] WLFI advisor Ogle was liquidated due to a market crash, with cumulative losses exceeding $2.47 million. On-chain data shows that his old wallet was emptied, and multiple positions were forcibly liquidated. Subsequently, Ogle activated a new wallet to open a 20x leveraged long position on BTC, with a position size of approximately 140 BTC, an entry price of $115,466.6, a current unrealized loss of about $74,290, and a liquidation price of $109,740.

[Aria Foundation Established to Promote On-Chain IP Economic Development] Aria announced the establishment of the Aria Foundation, responsible for governing its decentralized protocol and advancing the on-chain process of iconic IPs. The Aria Protocol has already supported the on-chain integration of song royalties for artists like Justin Bieber and BLACKPINK, and has issued IP asset tokens (APL). This September, the project completed a $15 million financing round, with investors including Polychain Capital. The foundation will focus on ecosystem resource management, IP asset issuance, and protocol governance, with its laboratory providing technical support.

[CZ Responds to Hyperliquid Founder’s Criticism: BSC Projects Have Spent Hundreds of Millions to Protect Users] On October 13, Binance founder CZ posted on the X platform stating that key participants in the BSC ecosystem have spent hundreds of millions of dollars to protect users, rather than shirking responsibility or attacking competitors. Previously, the Hyperliquid founder had accused Binance of inflating liquidation figures.