Crypto Daily: Strategy Stock Up 48% Over Past Month, Michael Saylor Once Again Posts Bitcoin Tracker Information

Author: TechFlow

Yesterday's Market Dynamics

Michael Saylor Releases Bitcoin Tracker Info Again

Strategy, the corporate treasury firm led by founder and Executive Chairman Michael Saylor, has again released information regarding its Bitcoin tracker. Historically, Strategy typically discloses changes to its Bitcoin holdings the day after such related news is released.

Strategy Stock Rises 48% Over Past Month, Leads Nasdaq 100 Components in Gains

According to Bitget market data, Strategy's stock MSTR surged cumulatively by 48% over the past month, making it the best-performing component of the Nasdaq 100 index during the same period.

Vitalik: Will Not Abandon Privacy, Will Further Increase Investment

Ethereum co-founder Vitalik Buterin responded to Paradigm CTO Georgios Konstantopoulos's question about whether there is still room for privacy development from now on, stating that privacy will only "die" if we choose to give up on it. He emphasized that he will not abandon the privacy sector and plans to further increase investment in it.

Arthur Hayes Bought 25.33 Million ENA Tokens a Month Ago, Currently Holding ~$3.28M Unrealized Profit

According to Lookonchain monitoring, Arthur Hayes purchased 25.33 million ENA tokens a month ago at an average price of $0.09, investing approximately $5.53 million. The position currently holds an unrealized profit of about $3.28 million, yielding a return of 146%.

Prior to this, BitMEX co-founder Arthur Hayes posted that his price target for ENA is $0.50.

Cross-Chain Asset Protocol Universal Protocol Announces Shutdown, Previously Backed by a16z and Others

Universal Protocol announced that due to insufficient market adoption for long-term sustainable operation, it will cease operations on November 17, 2026. During the 60-day transition period, uAssets will remain backed 1:1 by underlying assets, and users can sell or redeem them via the Universal app. After the protocol shuts down, uSOL, uXRP, uDOGE, uADA, uBTC, and uLTC on the Base chain will be converted into their respective bridged assets via smart contracts, while other uAssets will be converted to USDC. The final plan will be announced before cessation.

Last February, Universal announced closing a $9 million funding round led by a16z Crypto, with participation from Coinbase Ventures and others.

North Korean Hackers Steal Over $10M in Crypto Assets Using Fake Recruitment

According to Forbes, seven agencies including the FBI and the National Police Agency of Japan jointly disclosed that the North Korean hacker group "WaterPlum" (also known as "Infectious Interview") distributes malware through fake recruitment and coding tests. It has infected over 30,000 devices in more than 100 countries worldwide and stolen approximately $10.71 million from over 7,000 crypto wallets. Attackers also used AI face-swapping and "laptop farms" to mask their identities. Relevant agencies advised affected users to create new wallets on separate devices and transfer assets, while thoroughly cleaning infected machines.

Suspected AKE Proprietary Market Maker Withdraws 216 Million AKE from Binance Alpha, Worth ~$13.83M

According to EmberCN monitoring, shortly after AKE's price spiked 115%, a suspected proprietary market maker withdrew 216 million AKE from Binance Alpha 4 hours ago, valued at approximately $13.83 million. This entity currently holds at least 12.4 billion AKE on-chain, worth roughly $803 million, accounting for over 54% of the circulating supply. EmberCN speculates that AKE and the previously surging token B2 may be driven by the same proprietary market maker.

Serenity Considers Entering Chinese Social Platforms to Interact with Fans Unable to Access X

Serenity stated it is considering setting up and temporarily operating accounts on Chinese social platforms to interact with fans who cannot access X, and is currently soliciting platform recommendations suitable for posting content.

Michael Saylor: Wide Adoption is the Best Safeguard for Digital Asset Innovation

Strategy founder Michael Saylor stated that instead of accepting restrictions on stablecoin incentives, service providers, and innovation pilots in the final compromise version of the CLARITY Act, the digital asset industry should better utilize the next two years to push compliant products into reality, supported by the SEC, CFTC, Treasury Department, and banking regulators.

Saylor advocates for establishing a financial innovation market with clear rules, open access, and fair competition, allowing the development of products like Bitcoin, digital credit, tokenized securities, trading platforms, and stablecoins while protecting ownership rights, strengthening disclosures, and combating fraud. He believes the industry should expand product applications between 2027 and 2028, and work to convert temporary regulatory exemptions into permanent rules. If 50 million American users can genuinely benefit from low-cost payments, Bitcoin services, and digital securities, widespread adoption will raise the political cost of policy reversals, becoming the strongest foundation for protecting digital innovation.

Today's Market Performance

Recommended Reading

The Altcoin Frenzy Illusion: Most Tokens Are Deeply Stuck, Only These 8 Have Surpassed Last Year's Highs

https://www.techflowpost.com/article/34116

In recent weeks, short-term rallies that have doubled established altcoins like ARB, NEAR, UNI, and ENA have sparked a frenzy spreading across various communities: "Altseason is back again." Screen-filling gainer lists easily foster the illusion that the broader market is about to rebound to its peak.

But once you extend the time horizon, this frenzy quickly appears somewhat inflated. Those who bought at the highs last October may feel quite differently on their balance sheets.

A data snapshot posted today by Jeff Dorman, Chief Investment Officer at digital asset manager Arca, very realistically highlights the issue:

Taking the previous market high on October 13, 2025, as the benchmark, out of the top 50 assets by market cap, a staggering 39 are still mired in drawdowns exceeding 50%, sitting an average of 30%-50% below their previous highs.

A true bull market does not rain blessings equally.

In this cutthroat competition for existing capital, the few assets that truly cross cycles and surpass last year's peaks depend not only on hype and community sentiment, but also heavily on protocol revenues and token deflation mechanisms to forge independent, winner-takes-all paths.

Podcast Notes | Trader Taiki, Who Profited from Previous All-In ZEC Bets: Targets $20,000 for ZEC This Cycle as Privacy-Backed Store-of-Value Assets Get Repriced

https://www.techflowpost.com/article/34113

• We are in the early stages of a raging bull market: Taiki believes we are nowhere near a bear market, but rather at the starting line of a bull run. The market shows a "K-shaped recovery," where most altcoins go to zero while select assets follow their own independent bull runs (e.g., HYPE, LIT), creating a dynamic where "winners normalize winners, losers normalize losers."
• ZEC is severely undervalued as the "privacy-native BTC": Zcash currently represents only 1.8% to 1.9% of Bitcoin's market cap. Taiki argues it could be repriced to 10%, 20%, or even 30%. It offers clearer differentiation compared to BCH and LTC, and is ahead of Bitcoin on the quantum-resistant roadmap, as Bitcoin itself has become "ossified."
• How is the $20,000 figure calculated?: Bear case ZEC = 5% of BTC market cap × $100k BTC ≈ $5,000; Bull case = 20% × $100k = $20,000; mania peak could even reach 30% to 50%. "Zcash lags Bitcoin by two full cycles. Bitcoin hit $20k two cycles ago, so why couldn't ZEC?"
• Fundamentals are the price itself (reflexivity): The larger the shield pool and stronger the privacy at Zcash, the better. The higher the price, the more wealth the shield pool can hold, improving usability. In Taiki's view, ZEC breaking above $1,000 and capturing 1% of Bitcoin's market cap marks "crossing the chasm, with the parabolic curve just beginning."
• Load positions early, trim later: Actual risk is lowest when perceived risk is highest (everyone is holding cash, afraid to buy). Taiki recommends taking maximum risk during the first 10% to 30% of the bull run, and actually reducing positions when everyone starts shouting that "the bull market is back."
• Use the "Next 2x Rule" for taking profits: Based on ZEC/BTC market cap ratio, moving from 1% to 2% (completes in two weeks) is easy, 2% to 4% is manageable, but 4% to 8% gets harder (8% is the first take-profit level, which LTC reached back then). Taiki's primary target is 3% to 4% of BTC's market cap. Upon reaching this, deleverage entirely, keep cash reserves, and hold the spot position for long-term capital gains.
• Trading style favors "high batting average" players: Prefer high conviction, concentrated positions, and strict risk management over high win rates with tiny allocations. "Put your eggs in one basket and watch it closely. Be a courageous pig." Normalize winners; never catch falling knives to average down losers.

Coinbase Raids the Heartland of US Stocks: Perpetual Futures Target Apple and Nvidia, Valuation Logic May Be Rewritten

https://www.techflowpost.com/article/34111

Retail investors' addiction to the high-leverage 0DTE options game might soon be formally absorbed into a compliant framework by a crypto-native tool.

On September 18, according to Forbes, Coinbase's licensed futures exchange, Coinbase Derivatives, officially filed an application for self-certification with the U.S. Commodity Futures Trading Commission (CFTC). The filing seeks regulatory approval to list cash-settled single-stock perpetual futures under a compliance framework. The initial batch targets two tech giants: Apple (AAPL) and Nvidia (NVDA), with the broader product roadmap planned to cover 50 to 60 large-cap stocks and ETFs.

Catalyzed by the news, Coinbase (COIN) stock surged 12% intraday.

Following closely, compliance-focused prediction market platform Kalshi is marching in step. According to Cointelegraph, Kalshi has submitted rule changes to the SEC and notified the CFTC, planning to launch perpetual derivatives for large-cap stocks like Apple, Tesla, and Nvidia simultaneously through its clearinghouse, Kalshi Klear.

Long-time on-chain crypto players are no strangers to "US stock perpetual futures." From order books for US stocks on offshore DEXs like Hyperliquid and dYdX, to various synthetic assets spawned by emerging chains like Robinhood Chain and Arc leveraging RWA mapping or even "token-to-stock pairing," the tokenization of US equities has long been a routine play for degens.

However, the core catalyst igniting the market this time for Coinbase and Kalshi lies not in "on-chain tokenization," but rather in introducing regulated global derivatives to the domestic market:

This marks the first time a regulated, licensed U.S. exchange attempts to serve genuine crypto-native leverage tools directly onto the legal dining table of tens of millions of domestic retail investors.

Goldman Sachs Report Breakdown: Samsung Price Target 490,000 KRW, Storage Supply-Demand Remains Tight

https://www.techflowpost.com/article/34110

While markets worry about the storage cycle peaking, Samsung management assesses that supply-demand conditions will be tighter in 2027 than in 2026. In a report issued on September 18, 2026, following a virtual meeting with Samsung Electronics management, Goldman Sachs reiterated a Buy rating and placed the stock on its Conviction Buy List. The common stock price target is set at 490,000 KRW, representing 94.1% upside from the current price of 252,500 KRW. The preferred stock price target is 360,000 KRW, offering 86.2% upside.

Goldman Sachs analyst Giu Lee highlighted in the report that Samsung management reaffirmed tight storage supply-demand dynamics, supported by robust demand momentum, low fill rates, and delayed demand extending from 2026 into 2027. Incremental capacity will focus primarily on DRAM, particularly high-bandwidth memory (HBM), while capacity for other storage products faces squeeze. Expansion in traditional DRAM supply confronts structural constraints.