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Blockbeats
Tomorrow’s news rhymes on BlockBeats.
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The current mainstream CEX and DEX funding rates show that the market is neutral and bearish
BlockBeats news, on October 18, according to HTX market data, Bitcoin is currently priced at $81,758.98, up 0.22% in 24 hours; Ethereum is currently priced at $2,416.25, down 0.69% in 24 hours.
According to CoinGlass data, the BTC position-weighted and volume-weighted funding rates are 0.0055% and 0.0053%, respectively; the ETH two weighted funding rates are 0.0057% and 0.0057%, both in the neutral range. Some trading platforms are in the bearish range, and the ETH contract market sentiment is
Tom Lee's fund analyst: Currently suitable to buy tech stocks on dips, but diversification is needed
BlockBeats news, on October 18, Mark Newton, an analyst at Tom Lee's fund, stated in an interview with CNBC that it is currently suitable to buy technology stocks on dips, but investors need to maintain diversified allocations and be prepared for sector rotation.
Over the past month, cross-asset volatility has significantly increased, with the S&P 500 index recently falling about 6%, and the technology sector also experiencing a notable adjustment in the past week. However, compared to the gain
Musk: Optimus and Cybercab will constitute the vast majority of Tesla's future value
BlockBeats news, on October 18, Musk posted on the X platform stating that Optimus (humanoid robot) and Cybercab (driverless taxi) will constitute the vast majority of Tesla's future value.
He believes that the only fields capable of scaling economically to an enormous size are superintelligence, robotics, solar energy, and space transportation. And once superintelligence and robotics are achieved, development in other areas will follow.
Regarding the Roadster, Musk said: "But the Roadster is
Reason lets Claude Code and Codex assign tasks across computers: they can communicate with each other, but still cannot automatically prevent code conflicts
Breaking AI news from Dongcha: YC-incubated AI programming company Reason has launched Reason Network, enabling Agents from different vendors like Claude Code, Codex, Cursor, OpenCode to communicate and assign tasks directly across computers. For example, you can have Grok Bot assign tasks to Claude Code on your own computer, then have Codex on a colleague's computer review the code. Agents send and receive messages directly without humans repeatedly relaying them.
Its core is a real-time updat
🔥 Papertrade fever cools down! Single-day revenue plummets 83%, can Paragon save the day with perpetual contracts?
📉 On October 17, platform data fell across the board:
▪️ Single-day revenue: $890,000, down 83% day-over-day
▪️ Trading volume: $54.23 billion, down 43% from the previous day; down about 90% from the October 10 peak of $564.23 billion
▪️ Number of trades: 135,000
▪️ New accounts: 622, trading activity clearly cooled
Top addresses in loss-mining show astonishing performance!
Since the mechanism launched on October 10, within less than 6 days, the top three addresses by trading volume each exceeded $10 billion in transaction amount:
🥇 Top 1: $11.6 billion trading volume, $780,000 loss, received 46 million PAPER tokens, unit cost about $0.017.
🥈 Top 2: $10.3 billion trading volume, $930,000 loss, received 85 million PAPER tokens, unit cost about $0.011.
🥉 Top 3: $10.1 billion trading volume, $980,000 loss, received 252 million PAPER tokens, unit cost about $0.0039; actual net cost may be further reduced if dividends are included.
New catalyst: HIP-3 market deployer Paragon has spent 570.98 HYPE (about $45,000) to acquire the code PAPER, and the market is starting to focus on the possibility of launching perpetual contracts.
Core observation: Revenue, trading volume, and new users are all declining simultaneously, indicating that the early incentives' hype is fading. Next, whether PAPER can attract new liquidity through perpetual contracts and whether the large reward tokens will create selling pressure will be key variables.
After the hype subsides, the real test is genuine market demand.
Bitcoin ETFs saw a net outflow of $228.4 million this week, with IBIT experiencing the largest net outflow
BlockBeats news, on October 18, according to Farside Investors data, the total net outflow of US spot Bitcoin ETFs this week was $228.4 million. Among them, IBIT had a net outflow of $165.4 million, FBTC a net outflow of $60.2 million, BTC a net outflow of $7.6 million, and BTCO a net outflow of $4.1 million.
MSBT and BITB had net inflows of $6.7 million and $2.2 million respectively.
Opinion: The U.S. stock market is experiencing a "hidden bear market," and easing macro pressures could bring historic opportunities
BlockBeats news, on October 18, The Kobeissi Letter published an article stating that the U.S. stock market is showing a "hidden bear market within a bull market": although the S&P 500 index is only about 2% below its historical high, most constituent stocks have experienced significant pullbacks. The institution believes that macro pressures have lowered stock valuations, while the large tech companies supporting the index's rise still have a foundation for profit growth. 84% of S&P 500 constit
Bank of America’s Hartnett, who accurately predicted the sharp drop: The "sell signal" has ended, and whether investors can return to tech stocks by mid-November depends crucially on semiconductor prices
BlockBeats news: On October 18, Bank of America Securities strategist Michael Hartnett stated in the latest Flow Show report that the Bank of America bull-bear indicator dropped from 8.1 to 7.4, falling below the 8.0 threshold and ending the sell signal triggered on May 26. However, he emphasized that the end of the sell signal does not equate to a buy signal; tactically, a defensive stance is still maintained, and no additional positions in tech stocks are added for now.
Hartnett listed the pr
Anthropic seeks help from lawyers to study how AI agents can negotiate and close deals on behalf of users
Breaking AI news from Dongcha: According to the UK's Financial Times, Anthropic is seeking advice from law firms to study how AI agents can negotiate on behalf of users to secure better deal terms, involving scenarios such as product bargaining, customer service dispute resolution, and salary negotiations. The company is placing agent development at the core of its future strategy.
Two insiders stated that Anthropic wants to understand how lawyers balance representing clients' interests with ac
Papertrade trading heat cools down: daily revenue down 83% month-on-month, trading volume down 43% month-on-month
BlockBeats news, on October 18, according to DefiLlama data, Papertrade's revenue on October 17 dropped to $890,000, ranking 7th among all protocols, a month-on-month decrease of 83%. Previously, it once surpassed Circle, ranking second across the network.
According to official Papertrade data, the platform's trading volume on October 17, counted by UTC calendar day, was approximately $54.23 billion, down 43% from $96.52 billion on October 16, and down 90% from the peak of $564.23 billion on Oc