Category: Business

  • Why possible pneumonic plague outbreak could look very different to Covid as fears grow

    Why possible pneumonic plague outbreak could look very different to Covid as fears grow

    After the trauma of the Coronavirus pandemic back in 2019, many fear the worst when they hear about a potential outbreak.

    Darya Shipilova, an employee at the Anti-Plague Research Institute in Shelekhov, died recently after she was exposed to plague bacteria, having broken a test tube in the lab where she worked.

    Although her cause of death has not yet been 100 per cent confirmed, the ‘live bacteria’ inside the test tube has got a lot of people concerned, especially considering the severe pneumonia of an ‘unknown origin’ which she was suffering from in hospital before she passed away at the end of September.

    The word quarantine is enough to strike fear into our hearts and we would be right to be worried if the outbreak was indeed ‘pneumonic plague‘, as several outlets are reporting this week.

    The US are said to be aware of the situation but considering the survival rate is near zero without treatment, it could cause devastation if it does turn into a full-blown pandemic, with emergency antibiotics often the only hope of preventing death.

    Daria Shipilova has died (Facebook)

    Daria Shipilova has died (Facebook)

    Dr Simon Clarke, associate professor in cellular microbiology in the School of Biological Sciences at the University of Reading, has allayed fears somewhat with his expert commentary, where he highlights exactly how this potential outbreak would be very different to what we all saw seven years ago.

    He said: “Reports from Russia have inevitably drawn comparisons with Covid-19, but it is important to remember that pneumonic plague is a very different disease. It is caused by bacteria, Yersinia pestis, famous for causing the Black Death, that remains with us today mostly in animals across parts of Asia, Africa and the Americas.

    “Pneumonic plague is particularly serious because it means the infection has reached the lungs and is nearly always fatal if not treated promptly. Unlike the bubonic plague which enters the body via infected flea bites, pneumonic plague can spread between people through respiratory droplets during close contact.

    “Unlike many viral respiratory diseases, plague is caused by bacteria and is generally treatable with antibiotics if identified quickly.”

    While both illnesses can be passed through respiratory droplets and close contact, Covid did not originate from bacterium and couldn’t be treated with antibiotics in the same way.

    Things might seem similar to Covid but if there is a plague outbreak, it would be treated in an entirely different way (Getty Images)

    Things might seem similar to Covid but if there is a plague outbreak, it would be treated in an entirely different way (Getty Images)

    Russia has also acted quickly by putting around 200 different people into quarantine after they came into close contact with Shipilova, but so far the public health service has only conceded that she died of ‘pneumonia of undetermined origin’.

    Despite the White House also describing it as an ‘outbreak’ in its official statement, Dr Clarke is less convinced and suggests that ‘an awful lot must have gone wrong for a lab worker to be infected by a broken test tube’.

    He added: “Having worked in high-containment laboratories, I know that handling dangerous pathogens involves multiple layers of protection, strict procedures, safety cabinets, airflow systems and careful procedures carried out by well-trained staff. Lab-acquired infections are rare events, and a broken tube would not automatically lead to exposure or infection. We also don’t tend to use test tubes very much.

    “Until more details emerge, it is difficult to assess whether this represents an isolated case, an occupational exposure, or evidence of wider transmission.

    “Transparency, rapid diagnosis and effective contact tracing would be the most important factors in managing an outbreak.”

  • ‘Uptober’ Starts Green as Bitcoin ETFs Draw $134 Million

    In brief

    • U.S. spot Bitcoin ETFs drew $102.7 million Thursday and $31.7 million Friday, opening October with $134.4 million in net inflows, per Decrypt’s tracker.
    • The inflows followed a $148.7 million outflow on Sept. 30, which ended a nine-session streak.
    • A soft jobs report cut October rate-hike odds, but Myriad traders still give a 93% chance Bitcoin won’t hit a new high this year.

    Bitcoin ETFs are living up to the “Uptober” meme, so far at least.

    U.S. spot Bitcoin ETFs drew $102.7 million on Thursday and another $31.7 million on Friday, according to Decrypt‘s Bitcoin ETF tracker. That’s $134.4 million in net inflows to start October.

    Myriad: How high will Bitcoin go? Click to make your prediction.
    Myriad: How high will Bitcoin go? Click to make your prediction.

    The green start followed a red finish. The funds shed $148.7 million on Sept. 30, snapping a nine-session inflow streak that began Sept. 17. Even so, September was their second-best month since October 2025, with $2.65 billion in net inflows, according to SoSoValue data.

    “Uptober” is crypto shorthand for October’s track record as one of Bitcoin’s strongest months. Over the past decade, the asset has averaged an 18% gain in October, Algoz’s Stephen Wundke told Decrypt. “Traders feel there is more upside currently than there is downside,” he said.

    Bitcoin ETF net flows. Image: Decrypt
    Bitcoin ETF net flows. Image: Decrypt

    Friday’s jobs report added fuel. The U.S. economy added just 29,000 jobs in September, and unemployment rose to 4.2%, according to the Bureau of Labor Statistics. After the release, CME FedWatch odds of an October rate hike fell to 14% from 70% earlier in the week. A weaker labor market eases pressure on the Fed to keep raising rates, which tends to favor risk assets like Bitcoin.

    Bitcoin briefly tested $87,173 on Friday, just shy of its September high of $87,354, before pulling back. It traded at around $85,000 on Sunday morning, up 0.5% over 24 hours, according to CoinGecko data.

    BitcoinBTC · USD

    $86,470+3.38%

    Sep 28Sep 30Oct 2Oct 3Oct 5

    $86.8k$85.5k$84.2k$83.0k

    24h HighHigh$86,949

    24h LowLow$85,098

    VolVol$1.2B

    Market projectionsOdds by Myriad

    →

    Cumulative net inflows since the funds launched stand at $58.1 billion, and total net assets sit at $101.1 billion, according to Decrypt‘s tracker.

    Not everyone is sold on a breakout. Traders on Myriad, a prediction market owned by Decrypt‘s parent company Dastan, put the odds at 93% that Bitcoin won’t set a new all-time high in 2026.

    Year-to-date ETF inflows also remain under $1 billion after heavy outflows earlier in the year. The next tests come soon: September’s CPI report lands Oct. 14, and the Fed meets Oct. 28.

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  • How pneumonic plague spreads after worker dies from disease in ‘Russian lab accident’

    How pneumonic plague spreads after worker dies from disease in ‘Russian lab accident’

    Hundreds have been placed into quarantine after a young lab worker died from an unknown illness.

    Darya Shipilova, an employee at the Anti-Plague Research Institute in Shelekhov, was exposed to plague bacteria after she ‘accidentally broke a test tube’ the Kyiv Independent reported.

    Reports suggested she was collecting samples in the laboratory, which contained the pathogen, when the incident occurred.

    Local media has reported how Shipilova told medical staff she had accidentally broken a test tube ‘holding live bacteria.’

    She was taken to hospital on 29 September with severe pneumonia of ‘unknown origin’. She was put on a ventilator but was later confirmed dead.

    Authorities are now implementing a ‘comprehensive set of anti-epidemic measures,’ according to Maxim Modin, the mayor of the Shelekhovsky district in eastern Russia.

    Two hundred people she came into contact with are now being closely monitored.

     Plague bacteria Yersinia pestis (Getty)

    Plague bacteria Yersinia pestis (Getty)

    The inpatient facility at the hospital where Shipilova was treated has since been placed under quarantine, as well as other hospitals in the region, according to local reports.

    Irkutsk Governor Igor Kobzev issued a message on Telegram where he urged residents to remain calm. He confirmed that an anti-epidemic commission had met to address a ‘suspected case of a particularly dangerous infection’.

    Russia however have not confirmed any sort of ‘outbreak’, with the public health service conceding that the lab technician died of ‘pneumonia of undetermined origin’.

    According to Rospotrebnadzor, the Russian agency that handles infectious disease, ‘no microorganisms associated with the employee’s professional duties were detected in samples taken from the patient’.

    However the Moscow Times have reported that 189 people suspected of having the plague have been identified and hospitalised, as they remain under close watch.

    The White House has also issued a statement, which read: “The Trump administration is aware of the outbreak, is monitoring it, and is evaluating options.”

    The incident reportedly happened in a lab (Getty)

    The incident reportedly happened in a lab (Getty)

    What are the signs and how does it spread?

    The pneumonic plague causes a severe lung infection, along with fever, shortness of breath and can result in coughing up blood.

    It is caused by the bacterium Yersinia pestis and results in a disease which is almost always fatal if left untreated.

    Although antibiotics can reduce this rate and it is treatable providing antibiotics are administered within 24 hours of the onset of symptoms, according to the World Health Organisation.

    It is highly contagious, and unlike the more common bubonic plague, which is transmitted via flea bites, it can spread from person to person through respiratory droplets.

    These can be passed on through coughing or sneezing.

  • Trump Is Hosting Yet Another Meme Coin Dinner: Here Are the Details

    Trump Is Hosting Yet Another Meme Coin Dinner: Here Are the Details

    In brief

    • The TRUMP meme coin’s top 185 holders will attend a Nov. 22 gala dinner with President Trump at his Virginia golf club, though no attendee will get a private meeting with him.
    • The event follows the Clarity Act’s Sept. 15 Senate failure, where restrictions on Trump’s crypto holdings were a central sticking point.
    • Trump earned more than $635 million from the meme coin in 2025, mostly from licensing royalties, according to his financial disclosure.

    President Donald Trump is putting another dinner on the table for his biggest meme coin backers, just weeks after a fight over his crypto interests helped sink the industry’s top legislative priority.

    The official account for the TRUMP meme coin announced Wednesday on X that top holders will attend a “gala dinner” with Trump and three as-yet-unnamed “superstars” on Nov. 22. The event will take place at Trump National, the Washington-area Virginia golf club that hosted the token’s first dinner last year.

    Myriad: Where does Solana go next? Click to make your prediction.
    Myriad: Where does Solana go next? Click to make your prediction.

    Seats go to the top 185 registered holders, according to the event page run by Fight Fight Fight LLC, the company behind the coin. Holders are ranked by a time-weighted score that rewards holding more tokens for longer, with a final snapshot on Nov. 12.

    The top 29 get a VIP reception with Trump and one of the guest “legends,” and the top four will receive an 18-karat gold Trump watch.

    Don’t expect face time, though. “No attendees will be granted a private meet & greet with the President,” the page states.

    The announcement lands just over two weeks after the Clarity Act, which aimed to set federal rules for crypto markets, failed a key procedural vote in the Senate, 49-50. Restrictions on Trump’s crypto holdings were a central sticking point.

    BitcoinBTC · USD

    $86,060+3.58%

    Sep 28Sep 30Oct 2Oct 3Oct 5

    $86.8k$85.5k$84.2k$83.0k

    24h HighHigh$86,949

    24h LowLow$85,098

    VolVol$1.1B

    Market projectionsOdds by Myriad

    →

    The final ethics language, which Trump signed off on, would have required covered officials to divest their crypto interests or place them in a qualified blind trust.

    Democrats said that didn’t go far enough. Hours before the vote, they sought tighter rules on large crypto holdings, dependent children and paid crypto promotions. Sen. Elizabeth Warren, D-Mass., argued the language left loopholes that would let the president keep profiting from some of his existing crypto ventures.

    The meme coin is among the most lucrative of them. Trump’s latest financial disclosure showed he earned just over $635 million from the token in 2025, almost entirely from licensing royalties. His total crypto income topped $1.2 billion, though some estimates place it above $1.4 billion.

    The Nov. 22 dinner is the third such event. The first, in May 2025, drew the top 220 holders, and the 25 VIPs among them had spent an average of $4.8 million. Trump stayed about an hour, leaving some attendees feeling shortchanged, while more than 100 protesters gathered outside. At an April conference at Mar-a-Lago, one attendee told Decrypt he qualified after buying just $3,000 worth of the token.

    TRUMP is currently trading around $2.04, at a $576 million market cap, down more than 97% since launching in January 2025.

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  • Horrifying simulation shows what would happen if the Earth stopped spinning

    Horrifying simulation shows what would happen if the Earth stopped spinning

    Imagine you’re sitting at home, sipping the perfect cuppa, and suddenly the world stops spinning – what do you think would happen next?

    Well, according to a simulation that has been posted online for all to see, it’s not a great process.

    While there isn’t currently any known mechanism that could stop Earth from spinning, that doesn’t mean an unknown object could do that very thing in the future.

    And if it does happen, then there will be quite a few things that happen to everyone living on Earth – and none of them are pleasant.

    According to Lunar Cheeseee on TikTok, the world wouldn’t just stop to a firm halt immediately.

    First, it would begin to slow from its current speed of 1037 miles per hour east on the equator.

    What would happen if the world stopped? (Getty Stock Images)

    What would happen if the world stopped? (Getty Stock Images)

    Almost immediately, cracks would begin to form on the pavement around you, and your ability to stand upright without falling would become nearly impossible as small objects fly past.

    Once speeds get down to 1028, that’s when the terror truly begins.

    Per the simulation, which shows people on a street surrounded by businesses, the buildings and street signs start to peel away and fly east – and so do the people.

    At 800 miles per hour, structures crumble and slide along the ground as the world’s population is propelled away, travelling at incredible speeds while the Earth remains rooted to the spot.

    700 miles an hour and skyscrapers are next to fall, and there’s practically no person visible as the heavier objects are ripped from their spot on the world.

    At between 300 and 200 miles, the simulation claims that the ‘wind is now faster than sound’ and all you can see is debris whipping past before finally, cargo ships and oceans crash past.

    You might be wondering why everything keeps moving when the Earth itself stops.

    That’s because, like when you brake suddenly in a car, the force of your momentum continues to propel you. Which is why you need a seat belt to hold you back.

    However, if you move toward the poles, you will feel the impact of the force less and less because each point is a at higher latitude.

    For example, in New York City, the surface speed is around 790 miles per hour, and at the poles, the Earth’s rotation is essentially zero, because they are at the planet’s axis of rotation.

    So, in theory, if you were situated at either pole, you might not notice what’s going on until the oceans are crashing through.

    Because of this, people online have commented under the simulation video that being at the poles could bring a person a chance of survival.

    However, that’s not to say the poles would remain unscathed considering everything on Earth is propelling itself East. That’s a lot of speed, and weight, which could do something like shift tectonic plates, and more.

    “So much water would be displaced onto the continents and back that you’d definitely experience a tsunami,” said one person.

    “And this is the ‘gradual’ stop. Imagine just suddenly stopping down to 0. Every single object is now a ballistic missile,” said another.

  • Tragedy of man who died aged 23 after stomach ache turned out to be rare cancer

    Tragedy of man who died aged 23 after stomach ache turned out to be rare cancer

    A man whose stomach ache turned out to be a rare cancer has tragically died aged 23 following a gruelling battle.

    Nickodemus Dacres was diagnosed with stage four medullary renal cell carcinoma (RMC) last year.

    RMC is one of the rarest and most aggressive forms of kidney cancer which predominantly affects adolescents and young adults with sickle cell trait or disease.

    The symptoms started when Dacres, from Croydon in south London, began suffering with stomach pain at work. However he then started to urinate blood.

    The stomach ache was a clear sign he had RMC and he was diagnosed in February of last year.

    He had been in and out of hospital ever since with mum Donna Dacres, 59, who remained at his side until he tragically passed away on September 26.

    Nickodemus first got abdominal stomach pain (Donna Dacres / SWNS)

    Nickodemus first got abdominal stomach pain (Donna Dacres / SWNS)

    “He was such a bubbly young man”

    Donna explained how the chemotherapy he had been undergoing, which had left her feeling optimistic, ended up causing liver failure.

    She said: “He was such a bubbly young man. He had a heart of gold and he loved to give.

    “As a mum, nothing prepares you for watching your child suffer knowing there is so little you can do to take the pain away.”

    Donna said that she was told this cancer is only shared by nine other people in the UK. According to the Ricky Casey Trust, the true prevalence of RMC around the world is not known.

    Nickodemus underwent various treatments (Donna Dacres / SWNS)

    Nickodemus underwent various treatments (Donna Dacres / SWNS)

    Nickodemus started getting extreme stomach pain while on shift in July 2024 but did not think much of it.

    However, when he went to the bathroom and tried to urinate, blood came out instead, and he was rushed to A&E by a colleague.

    For months he went through tests until eventually a scan uncovered a small tumour in his right kidney.

    The lump continued growing along with the pain, and in December 2024 surgeons decided to remove the kidney and several lymph nodes to do some tests.

    But in February, doctors delivered the devastating cancer diagnosis. By the time it was discovered, the cancer had already spread beyond his kidney to his lymph nodes and lungs.

    Despite chemotherapy, it continued to progress to his liver and bones, and he was relentlessly vomiting, dropping from 74kg to less than 55kg.

    Donna said: “Watching that energetic, independent young man become so poorly has been absolutely heartbreaking.

    He has tragically died aged 23 (Donna Dacres / SWNS)

    He has tragically died aged 23 (Donna Dacres / SWNS)

    Other symptoms appeared during treatment

    After fundraising to afford targeted chemotherapy for the cancer, which is not routinely funded by the NHS, things started looking up and Donna thought her son would survive.

    For weeks Nickodemus was no longer vomiting, and doctors said the treatment was working. But, other symptoms started appearing such as dark urine, shoulder pain, jaundiced eyes, and even black vomit.

    Donna asked the doctors if something was wrong with his liver, but several scans revealed that his liver hadn’t changed.

    Donna has spoken of her heartbreak (Donna Dacres / SWNS)

    Donna has spoken of her heartbreak (Donna Dacres / SWNS)

    Whilst Donna was on a church conference last week, it was the first time she had left her son.

    However by Saturday morning, she had received a call from Nickodemus telling her things ‘were bad’

    However, the doctors called before she made it there, with the heartbreaking news that her son had passed away and that his liver had failed.

    She said: “I just started to scream. I love him so much. He is my only son here, I don’t have anybody.

    “I had no indication that he was going to die. The one time I left him in over two years. I went to church and he died. He died by himself.”

    Now the mum is raising money to cover his funeral and is encouraging other young people to get checked out.

    She added: “Young black guys need to go to their GP regularly to get checked. If you notice any abdominal pain do not ignore it.”

    According to the Ricky Casey Trust, RMC requires an entirely distinct medical approach because it does not respond to typically clear cell renal cell carcinoma treatments.

    Common symptoms are blood in the urine, which is typically the first sign, persistent pain or discomfort in the side, back, or abdomen around the kidney area and other signs such as unexplained weight loss, a palpable abdominal mass and fatigue.

  • OpenAI Banned PewDiePie Twice While He Built Ajax, an Uncensored AI That Will Run on Your PC

    OpenAI Banned PewDiePie Twice While He Built Ajax, an Uncensored AI That Will Run on Your PC

    In brief

    • PewDiePie said in a new video that OpenAI banned his account twice while he built Ajax, a small AI model meant to run on a home computer. Tech City Authority found no public response from OpenAI.
    • He says he used GPT-5.6 Sol to generate training data after his account was restored, then stripped the model’s refusals with the open-source tool Heretic.
    • Ajax is reportedly a 9-billion-parameter model built on Alibaba’s Qwen 3.5. A countdown on its download page ends at 08:25 Japan time on October 3.

    YouTuber PewDiePie says OpenAI banned his account twice while he built Ajax, a small AI model meant to run on your own computer and browse the web for you. He tells the story in a new video on his YouTube channel.

    Ajax is what he calls “a fine-tuned AI model.” That means an existing model got extra training for one specific job. Here, the job is working inside Odysseus, the free, self-hosted AI app PewDiePie launched in June.

    Myriad: How high will Nvidia go? Click to make your prediction.
    Myriad: How high will Nvidia go? Click to make your prediction.

    Run on your own machine, a model like this keeps your emails and calendar at home instead of on a company’s servers. There’s also no subscription fee, though your own hardware does the heavy lifting.

    Ajax is supposed to be a 9-billion-parameter model built on Alibaba’s open-source Qwen 3.5. Parameters are the adjustable numbers that make up an AI’s “brain,” and more is generally considered more powerful. The model is pending for release but will be available on his website once Pewdiepie thinks it’s ready.

    The two bans

    PewDiePie said he wanted to distill from GPT-5.6 Sol, the flagship model OpenAI released on July 9. Distillation means training a smaller AI on a bigger one’s answers, like a student copying the class genius’s homework.

    The prize was Sol’s reasoning tokens, the chunks of text a model writes on a hidden scratchpad while it works through a problem. OpenAI keeps that scratchpad encrypted.

    In the video, he said he found a study that cracks it using OpenAI’s own API. He also said he would never have cracked OpenAI, but OpenAI banned him anyway. He called the ban unjustified, disputed it, and the account came back online some time later.

    Then, he said, he used Sol again to create seed data, the starter examples a model learns from, and OpenAI banned him a second time. OpenAI’s terms of use bar using its output to develop competing models, and he got banned again.

    BitcoinBTC · USD

    $86,078+3.61%

    Sep 28Sep 30Oct 2Oct 3Oct 5

    $86.8k$85.5k$84.2k$83.0k

    24h HighHigh$86,949

    24h LowLow$85,098

    VolVol$1.1B

    Market projectionsOdds by Myriad

    →

    Researchers showed in August that encrypted reasoning blocks from OpenAI, Anthropic and Google could be replayed to a weaker sister model that wrote them out in plain text. They decoded 315,320 of them from public code repositories.

    On Sept. 30, OpenAI said it disrupted a campaign by people associated with Moonshot AI, the developer of Kimi, to extract its models’ hidden reasoning. The company said it closed a pathway that let someone replay another user’s encrypted reasoning to recover its contents.

    Taking the “no” out of AI

    To make Ajax uncensored—meaning it answers requests that ChatGPT-style assistants refuse—PewDiePie used Heretic, an open-source tool that removes a model’s built-in refusals. It compares how the model reacts to harmful and harmless prompts, finds the pattern behind its refusals, and cuts it out.

    This is known as “abliteration” and it’s essentially a technique that lobotomizes a model so it doesn’t need to be jailbroken because it always agrees to do whatever it’s asked to do.

    The surgery is not clean. PewDiePie says Ajax took “a little brain damage,” but that it handles tasks like sorting inboxes and browsing about nine times out of 10.

    He is also still training it with GRPO, a method where the model attempts the same task 16 times and learns from the attempts that work.

    Pewdiepe said he chose which refusals to remove and drew the limit at “causing harm to other people or causing harm to yourself.” His lawyer, he said, told him to state that Ajax is not designed to give dangerous, actionable instructions.

    Small model, big pitch

    His case for small models is cost and energy. By his own napkin math, one copy of a rumored trillion-parameter frontier model needs about 27 of his computers and the electricity of roughly 150 houses.

    PewDiePie calls Ajax version one. He said he still has to rerun the ablation, then compress (quantize) and benchmark the model to check that nothing broke.

    Ajax is not downloadable yet. At first, it came with a countdown on the download page for 08:25 Japan time on October 3. Now that timer doesn’t exist anymore.

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  • ZAMA crypto hits new TVL high of $99M as futures participation accelerates – Details

    ZAMA crypto hits new TVL high of $99M as futures participation accelerates – Details

    Source: TradingView

    Record TVL signals growing network adoption

    One of the biggest factors standing out behind the latest advance is the continued growth of the $ZAMA ecosystem.The network’s Total Value Locked (TVL) has climbed to a new all-time high at $99 million, indicating that more capital is being committed to the protocol.

    Moreover, growth across Morpho vault expansion and Zama Swap has contributed to the increase, pointing to improving ecosystem usage and stronger investor confidence.

    Source: DeFiLlama

    Derivatives activity supports the breakout

    Besides the position long-term and holders sentiments, market participation has also strengthened across both spot and derivatives markets.

    The network’s open Interest has spiked by more than 29% to $38.71 million. This suggests fresh capital is entering the futures market. As a result, traders position for further bullish advances.

    Source: CoinGlass

    Among the open leveraged positions short slightly have the upper hand. At the time of writing , the token’s long/short ratio stood at 0.94.

    Source: CoinGlass

    Despite the cautionary signals from the shorts’ slight dominance, both spot and futures trading volumes surged by more than 100% over the past 24 hours, highlighting broad-based demand from different classes of market participants.

    The network spot volume had surged by 140% to $115 million while its spot volume surged by 140% to $65 million.

    Source: CoinGlass

    Can $ZAMA reclaim $0.108?

    On the daily chart, the next major technical objective for bulls sits around the $0.108 swing high. A continued expansion in TVL, sustained growth in Open Interest and elevated trading activity could provide the momentum needed for buyers to challenge that level.

    However, after a rapid 17% advance, a short-term profit-taking before the next bullish push could be on cards. This is more so given that short dominance among the leveraged position giving a hint.

    All in all, the long term structure leans to the bulls favor and most fundamentals and on-chain metrics support an extended bullish momentum in the long run.

  • Chainalysis Used AI to Trace the $387M Bitget Hack Back to North Korea

    Chainalysis Used AI to Trace the $387M Bitget Hack Back to North Korea

    In brief

    • Chainalysis attributed the $387 million Bitget hack to North Korea-linked actors, saying it pushed Pyongyang’s 2026 crypto theft total past $1 billion.
    • Within three hours, the funds moved across 23 transfers onto Ethereum (49.7%), XRP (40.8%), Zcash (7.6%) and Tron (1.8%).
    • The firm said it used in-house AI to accelerate tracing—compressing 20+ hours of work into minutes—echoing earlier DPRK assessments from Bitget’s CEO and Elliptic.

    Blockchain analytics firm Chainalysis has pinned last month’s $387 million Bitget exchange hack on North Korea, adding its weight to a growing consensus that Pyongyang’s hackers were behind one of the year’s largest crypto thefts.

    In a report published Wednesday, Chainalysis attributed the Sept. 24 breach to actors tied to the Democratic People’s Republic of Korea, saying the heist pushed the total value of crypto stolen by North Korea-linked groups in 2026 past $1 billion.

    Myriad: How high will Bitcoin go? Click to make your prediction.
    Myriad: How high will Bitcoin go? Click to make your prediction.

    The firm said it had been working with Bitget and law enforcement to trace the funds across multiple blockchains since the attack.

    Chainalysis laid out how quickly the money moved. In the first three hours, $387 million left Bitget across 23 transfers and landed on four networks: Ethereum, which took nearly half at 49.7%, followed by XRP at 40.8%, Zcash at 7.6% and Tron at 1.8%.

    From there, the attackers ran the funds through cross-chain liquidity and messaging protocols, instant swaps, and laundering services to obscure the trail.

    The stolen XRP drew particular attention. Rather than routing it to an exchange, the attackers pushed it through a cross-chain liquidity protocol and pulled Bitcoin out the other side, with tens of millions of dollars moving that way over roughly a day and a half before reaching attacker-controlled Bitcoin addresses now under watch.

    BitcoinBTC · USD

    $86,078+3.61%

    Sep 28Sep 30Oct 2Oct 3Oct 5

    $86.8k$85.5k$84.2k$83.0k

    24h HighHigh$86,949

    24h LowLow$85,098

    VolVol$1.1B

    Market projectionsOdds by Myriad

    →

    Notably, Chainalysis said it leaned on in-house AI to keep pace, building custom automation that compressed what it estimated as more than 20 hours of manual bridge reconciliation into under 10 minutes.

    The firm stressed the technology accelerated its investigators rather than replacing them, with humans still directing the work.

    The attribution echoes earlier assessments. Bitget CEO Gracy Chen said the attack’s patterns matched North Korean hackers, and the blockchain analytics firm Elliptic called a DPRK link “highly likely.”

    The hacker’s crypto laundering has played out in public, with eagle-eyed sleuths tracking every move. The attacker began hiding funds in Zcash’s shielded pool, while swap services split in their response: Near Intents rejected more than $50 million in swaps tied to the hacker, only to be hacked itself days later, while Thorchain kept processing.

    Circle and Tether, meanwhile, froze roughly $318,000 in stablecoins.

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  • Will Near Protocol (NEAR) Rally Continue? Key Reversal Spotted

    Will Near Protocol (NEAR) Rally Continue? Key Reversal Spotted

    $NEAR/USDT Chart by TradingView

    Such a breakout could reopen the path toward $6.00 and potentially extend the current price-discovery phase.

    Momentum remains elevated but has cooled from extreme conditions. The daily RSI previously pushed into overbought territory above 70 during the vertical portion of the rally. It has since retreated before beginning to turn upward again. This reset is constructive because $NEAR managed to reduce its momentum excess without giving back most of the gains from the September advance.

    Heavy Long-Term Trend Extension

    The moving-average structure also remains strongly bullish. Price trades far above all major averages, while the shorter-term averages continue rising rapidly. The downside is that $NEAR remains heavily extended from its longer-term trend, increasing the probability of violent corrections even if the broader uptrend survives.

    For now, $4.60 is the critical support level. Losing that level would weaken the latest reversal and expose approximately $4.20, followed by the rapidly rising short-term moving average. Conversely, holding above $5.00 and breaking $5.60 would confirm that buyers have regained control.

    $NEAR‘s rally therefore does not appear technically exhausted yet. But after a move of more than 200% from the August lows, continuation increasingly depends on converting the $5.40–$5.60 supply zone into support rather than simply maintaining bullish momentum.