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More →VXN Nasdaq 100 Volatility Index daily change reported at 17.61%
CoinWorld US stock data: The VXN Nasdaq 100 Volatility Index rose 17.61% compared with the previous trading day. Compared with the same-caliber snapshot 24 hours earlier, it rose 20.7806 percentage points; compared with the same-caliber snapshot 7 days earlier, it rose 16.7715 percentage points.
An Alliance partner discusses a16z's shift toward frontier technology investment.
CoinWorld news: Alliance general partner Imran posted on X, sharing his views on a16z crypto's pivot toward frontier technology. He noted that a16z backed Coinbase in 2013 with Chris Dixon leading the investment, providing early endorsement for the crypto industry, and that Marc Andreessen's 2014 op-ed "Why Bitcoin Matters" in The New York Times was the key factor that prompted him to move into the Bitcoin industry. Imran believes that the current development of AI infrastructure benefits to a considerable extent from Bitcoin mining infrastructure and the talent flowing from crypto into AI. The pivot toward frontier technologies such as robotics, biology, AI, energy, and computing power means that the talent and capabilities the crypto industry has accumulated over the past decade can be used to build the entire frontier technology sector. Citing data centers as an example, he said that public and government resistance to data centers is growing, much as resistance to crypto once was, yet today nearly all traditional financial institutions have embraced crypto to some degree.
Valuations of European luxury giants fall to a decade low
Stock prices of major European luxury goods giants have fallen to their lowest levels in more than a decade. The latest results released by Hermès and LVMH show that the luxury industry is likely to struggle to emerge from its slump in the short term. On Thursday, Hermès shares fell 4.9%. This follows the company's third-quarter sales data, which fell short of expectations. The stock currently trades at about 27 times expected earnings, far below the post-pandemic peak of around 70 times. LVMH reported lackluster results last week, and its valuation has also shrunk sharply in recent months amid declining sales. The stock now trades at about 16 times expected earnings, its lowest level in more than a decade. As the luxury industry has failed to recover as expected, both companies' shares have fallen about 40% this year. Conflict in the Middle East has fueled inflationary pressures and disrupted shopping hub centers such as Dubai. Bernstein analyst Maria Mehta said: "Current valuations reflect both these companies' disappointing performance and the weakness of the macroeconomic environment." She noted that LVMH's performance is highly dependent on the macroeconomic environment. Meanwhile, Hermès investors are also beginning to lose confidence in its business model, which had previously been regarded as "robust."
Jameson Lopp: Warns Bitcoin holders not to give up self-custody
Casa Chief Security Officer Jameson Lopp, in an open letter to Casa customers and the Bitcoin community on October 22, warned Bitcoin holders not to abandon self-custody and turn to ETFs and third-party custody because of a series of cryptocurrency wallet security incidents. He pointed out that although recent attacks have raised concerns about managing private keys, this does not mean that direct control over Bitcoin holdings should be given up. Lopp emphasized that transferring control of private keys only shifts responsibility to other parties, and that Bitcoin ETFs only provide indirect exposure to the price of the cryptocurrency without giving users direct control over the underlying asset. He also mentioned that many of the attacks have long been known to security professionals, but their occurrence in actual incidents makes it harder for ordinary holders to ignore these risks. Lopp advised Bitcoin holders to review their existing setups and distribute keys across different geographic locations and hardware supply chains to reduce reliance on any single device or location.
The 4-hour trading volume ratio of SOL contracts to spot is 9.81.
CoinWorld data: Over the most recent 4 complete hours, SOLUSDT perpetual contract trading volume was 9.81 times its spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it rose by 1.8367; compared with the same-caliber snapshot 7 days earlier, it rose by 3.2424.
Tom Lee: AI selling pressure is over, and the market will see a healthy correction.
Tom Lee of Fundstrat said, "The end of AI selling pressure has arrived," and he views this as a healthy correction, with scrutiny in the debt market curbing speculation while AI breakthroughs continue. He noted, "I don't think there's too much money being put into AI right now." Lee pointed to falling bond yields and a potentially more dovish stance from the Federal Reserve as easing headwinds, and said that shorting tech stocks has become a crowded trade. Lee is optimistic about NVIDIA, memory chips, the Magnificent Seven tech stocks, software, and cryptocurrencies, stating, "I see this as a coiled spring, because the fundamentals have been supporting it all along."
Tokyo Stock Exchange data glitch criticized for misleading Kioxia investors
A set of erroneous data published by the Tokyo Stock Exchange (TSE) showed a sharp drop in leveraged long positions in Kioxia Holdings, leading some investors to mistakenly believe that selling pressure had eased. The data showed that as of October 20, Kioxia's margin buying outstanding positions had decreased by 15.65 million shares from the previous day to 31.17 million shares. The exchange corrected the data the next day, showing that margin buying positions had actually increased to 46.94 million shares. Tomoichiro Kubota, chief market analyst at Matsui Securities, said the erroneous data made it appear that Kioxia's margin buying outstanding positions had fallen sharply, so the stock price might be near a bottom. He noted that margin buying positions need to decrease for the stock price to rebound, but in reality that signal has not yet appeared.
India's crude oil imports rose 10.2% year-on-year to 22.3 million tons in September; exports fell 48.7% year-on-year to 800,000 tons.
CoinWorld news: India's crude oil imports in September increased by 10.2% year-on-year to 22.3 million tons, while exports decreased by 48.7% year-on-year to 800,000 tons.
The Seoul court held its first hearing on Bithumb's lawsuit against the FIU.
Bithumb News: The Seoul Administrative Court held its first hearing on October 22 in the lawsuit filed by Bithumb, South Korea's second-largest cryptocurrency exchange, against the Korea Financial Intelligence Unit (FIU). The FIU alleges that between August 2022 and April 2025, Bithumb conducted 45,772 transfer transactions with 18 undeclared virtual asset service providers, and restricted its new customers from transferring crypto assets externally for six months. Bithumb argues that transactions exceeding 1 million Korean won were already blocked from being transferred to undeclared service providers through the travel rule, meaning actual violations were zero; transactions below that amount were not subject to the travel rule at the time, and there was no legal basis for obtaining information from receiving exchanges. The FIU also failed to specify concrete blocking measures, and Bithumb claims the penalty is excessive. The court requested specific explanations regarding the reasons for insufficient control measures and whether there was intent or gross negligence, with the next hearing scheduled for January 28, 2027.
The 4-hour trading volume ratio of ETH contracts to spot is 13.6.
Bijie data: Over the most recent 4 full hours, ETHUSDT perpetual contract trading volume was 13.6 times the spot trading volume. Compared with the same-caliber snapshot 24 hours ago, it decreased by 4.5237; compared with the same-caliber snapshot 7 days ago, it decreased by 0.3969.