1. NFT marketplace Blur will discontinue its frontend on November 12, and Blend will stop matching new loans;2. Yuga Labs Blockchain Vice President: Recommends users immediately revoke Blur contract authorization;3. UK High Court's ruling on the 61,000 BTC Qian Zhimin case is not final: victims' property rights may still be appealed;4. Tom Lee: Sharp decline in Korean stocks may spill over into the crypto market;5. Meta releases Muse Wonder series, claims outperforming Anthropic and OpenAI comparable models on some tasks;6. US Financial Accounting Standards Board plans to adjust stablecoin accounting rules, tokens can be counted as cash equivalents;7. Pump.fun co-founder: Will adjust reward algorithm, focusing on reducing incentives for low-quality shilling.

Odaily News: Quit, Yuga Labs' Vice President of Blockchain, posted on X platform that as Blur announces it will discontinue its frontend on November 12, users are advised to immediately revoke NFT approvals to Blur smart contracts.Quit stated that their investigation has not yet found any exploitable vulnerabilities in Blur's existing contracts, but the contracts are upgradeable and carry the risk of malicious modification in the future. Currently, NFTs worth at least $10 million remain approved to Blur contracts, and their security depends on the Blur team's operational security capabilities. Quit recommends users revoke relevant approvals through tools such as revoke.cash to guard against potential contract attacks or malicious upgrade risks.

Odaily News: Blur posted on X that the blur.io frontend will be deprecated on November 12, 2026. This deprecation only involves the frontend; the Blur marketplace protocol will continue to run on-chain, and BLUR will still control its fee switch. The NFT lending protocol Blend will stop matching new loans on the same day. Borrowers must repay their loans before then or let them default; after that, Blur will provide frontend tools to help users withdraw assets from Blend. Blur also reminded users to beware of impersonating accounts and fake announcements. BLUR is currently trading at $0.0194, down 7.75% in 24 hours.

Odaily News — On October 12, according to SoSoValue data, crypto market sectors showed mixed performance. The Layer2 sector rose 6.62% over 24 hours, with Starknet (STRK) surging 111.53%, while Optimism (OP), Celestia (TIA), and zkSync (ZK) gained 15.45%, 20.38%, and 34.23% respectively. Meanwhile, the DePIN sector rose 6.24%, with Grass (GRASS) up 49.41% and Filecoin (FIL) up 13.91%.In addition, Bitcoin (BTC) rose 1.43%, breaking through $83,000; Ethereum (ETH) gained 0.14%, breaking through $2,500.Other standout sectors include: the RWA sector rose 4.74% over 24 hours, with Plume (PLUME) up 22.68%; the DeFi sector gained 2.29%, with Wormhole (W) up 37.16%; the PayFi sector rose 0.86%, with Zcash (ZEC) up 6.47%; the Layer1 sector gained 0.61%, with NEAR Protocol (NEAR) up 15.52%.Among other sectors, the Meme sector declined 0.58%, with MemeCore (M) down 12.49%; the CeFi sector fell 0.72%, with Cronos (CRO) down 1.43%.Crypto sector indices reflecting historical sector performance showed that the ssiDePIN, ssiRWA, and ssiDeFi indices rose 6.37%, 4.74%, and 1.94% respectively.

1. Ledger Updates on Hardware Wallet Theft Incident: All Affected Devices Came from CryptoBilis; Ledger's Own Systems and Official Direct Sales Channels Were Unaffected;2. XRP Ledger Foundation: Confirms No New XRP Was Created, Critical Vulnerability Has Been Patched;3. Billionaire Adam Weitsman Announces He Has Purchased 117 Pudgy Penguins NFTs On-Chain;4. SlowMist Cosine: Ledger Flex May Also Be Involved in the CryptoBilis Incident;5. First Case of a Ledger Stax Implanted with Unauthorized Hardware Discovered, Capable of Transmitting User Seed Phrases to Attackers;6. Arthur Hayes: FLOP Testnet Planned for Launch in the Coming Weeks;7. Ethereum Foundation-Linked Wallet Transfers 4,393 ETH to Kraken, Worth $11.13 Million;8. Russia's Largest Exchange, Moscow Exchange, Plans to Launch Regulated Cryptocurrency Trading on December 1.

According to Odaily, billionaire Adam Weitsman posted on X platform that he purchased 117 Pudgy Penguins NFTs on-chain this weekend. Adam Weitsman stated that Pudgy Penguins is one of his favorite NFT collections, and he hopes this purchase will support the project, adding that "the penguin community will continue to stay strong."

1. Trump: The White House will treat those who do not use the new term "superintelligence" as enemies;2. Polymarket has begun charging fees on geopolitical event markets;3. Tom Lee: Past bull markets were driven by NFTs and stablecoins, this crypto cycle is betting on asset tokenization;4. AllianceDAO co-founder: Even if a few labs possess the capability to break cryptography, they are unlikely to expose such technology just to steal a small amount of crypto assets;5. South Korea's Deputy Prime Minister responds to reconsideration of implementing virtual asset taxation in 2027: prudently assess the policy and widely solicit opinions;6. Bonk Guy: Lost approximately $100,000 trading new tokens, reflecting on overtrading and blindly following others' judgments;7. Trump purchased up to $25 million in Meta stock;8. Analyst: Bitcoin short-term holder panic is heating up, loss-driven selling pressure hits a nearly 4-month high;9. Strive CEO: Pushing Bitcoin into traditional financial channels, providing BTC exposure for institutions constrained by mandate restrictions;10. Trader Killa: If Bitcoin drops to $80,000–$82,000, would consider rebuilding a 10x long position;11. AI trading agent platform Catalyst completes $30 million seed round led by Sequoia Capital.

Odaily reports that Tom Lee, Chairman of Bitmine, stated that the core driver of this crypto bull market may be stronger than previous cycles, because the potential market size brought by tokenization far exceeds the retail narratives of the past.Tom Lee said that participants in the 2016 to 2017 bull market were mainly retail investors; the 2019 to 2021 cycle was mainly driven by NFTs and was likewise dominated by the retail market; while last year was a phase of rapid stablecoin development. He believes the greater driver now is real-world assets (RWA) and traditional financial assets moving on-chain. Global liquid assets total about $200 trillion, of which the three major asset classes—equities, bonds, and credit—amount to about $160 trillion. If 10% of these assets are brought on-chain, that would correspond to a market size of about $16 trillion.Tom Lee further stated that for every $1 of assets tokenized or locked in an L1 blockchain ecosystem, it typically creates about $1 of value for that blockchain.

1. Two wallets suspected to belong to the same whale or institution withdrew 110 million Lobster tokens, accounting for 11% of the total supply;2. The U.S. Department of Justice cited the Bitcoin Fog precedent to oppose Roman Storm's motion for acquittal;3. Russia registered its first batch of cryptocurrency exchanges and custodians, with Sberbank planning to launch products on December 1;4. A U.S. Senate investigation points to USDT as a key liquidity channel for Iran's shadow banking system, with Gulf VASPs facing higher sanctions risk;5. After Abstract's shutdown announcement, a newly created address withdrew $1 million to buy 25 Pudgy Penguins NFTs;6. Polygon's official X account allegedly posted a mocking tweet about Abstract's shutdown, sparking controversy: the founder clarified it was a self-deprecating joke by the marketing team.

Odaily News: According to on-chain data, shortly after the Abstract shutdown announcement, a newly created address withdrew $1 million from Kraken and then quickly bought 25 Pudgy Penguins NFTs on the market. As of press time, the address still holds $766,000 worth of ETH in its wallet. As of press time, the Pudgy Penguins NFT floor price stands at 3.3 ETH, up 6.8% in 24 hours. Pudgy Penguins CEO Luca Netz posted that Abstract is gradually shutting down, and its parent company Igloo Inc. will from today shift all of its focus to the development of Pudgy Penguins, Pudgy NFTs, and PENGU.