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Phemex Crypto Market Daily: Crypto Market Daily Report - Market Analysis & Insights (Oct 19)

Phemex Crypto Market Daily: FOMC Decides as XMR Rallies & Hyperliquid Proposes HYPE Rule (Oct 18)

Leopold Aschenbrenner’s Fund Faces Fresh AI Drawdown After September Re-Entry

Situational Awareness, the fund run by AI-focused investor Leopold Aschenbrenner, redeployed into artificial intelligence stocks in early September after being forced to unwind positions in July, according to Coin Bureau. The fund bought hundreds of millions of dollars in options tied to the sector.\n\nSince Sept. 8, six of the seven heavily backed stocks have declined, led by CoreWeave at -37.4%, SK Hynix at -25.8%, SanDisk at -23.8% and DRAM at -22.9%. Bloom Energy fell 18.1% and Intel slipped 9.4%, while AMD rose 9.1%. On average, the basket is down 18.3%.\n\nActual losses will depend on position sizes, option terms and subsequent trades. Even with a long-term bullish view on AI, options strategies can lose money if market moves do not match expected timing.

BAYC Launches 'Mudwater' Trading Card Series on Solana, Airdrops 6,551 Totems to Holders

Bored Ape Yacht Club (BAYC) has launched Mudwater, a physical and digital trading card collection built on the Solana blockchain. The project airdropped 6,551 Totems to BAYC and MAYC holders, enabling them to claim card packs. Each BAYC holder can redeem 10 packs, while each MAYC holder receives two packs. Every pack contains 10 cards, with 24 packs per box across a total supply of 10,000 boxes. The series features 120 artworks, including foils, numbered cards, and rare treasures with a distinctive "crushed ice" texture. Mudwater incorporates a 2.5% giveback mechanism on every transaction, using those funds to purchase $APE tokens that are then distributed to collectors based on their card holdings. The Totems, Packs, and Cards are currently tradable on OpenSea, with support for upgrading packs into cases and boxes planned for later release.

Nine Crypto Firms Launch Quantum Alliance to Set Industry Standards Against Post-Quantum Threats

Nine blockchain organizations have announced the formation of a quantum alliance dedicated to establishing unified "quantum-ready" open standards. Modeled after the Internet Engineering Task Force (IETF), the coalition aims to clarify and verify quantum-resistance claims across networks, wallets, and infrastructure while defining migration compatibility rules. The initiative will operate through four specialized working groups focusing on blockchain migration, post-quantum zero-knowledge systems, wallet security, and cross-chain compatibility. Founding members include Quantus, Postquant Labs, Midnight Foundation, Keystone, Abelian, and Hacken, representing sectors such as underlying protocols, privacy networks, rollups, hardware wallets, and security auditing. The alliance highlighted that elliptic curve signatures currently used by mainstream blockchains leave approximately 6.04 million bitcoins—about 30% of the total supply—in a quantum-exposed state. If public keys are exposed on-chain, sufficiently powerful quantum computers could theoretically use Shor's algorithm to reverse-engineer private keys and steal assets.

Brooklyn DA, FBI Seize 241 Crypto Scam Domains in Three-Year Probe

The Virtual Currency Unit of the Brooklyn District Attorney's Office, led by Assistant District Attorney Alona Katz, joined forces with the FBI's New York office to seize or shut down 241 scam domains and 112 servers. The October operation concluded a three-year investigation into an internationally linked cryptocurrency investment fraud network. The scheme primarily targeted Russian-speaking communities, luring victims through Russian-language Facebook advertisements to fake crypto investment platforms before executing a secondary scam disguised as fund recovery services. Investigators estimate losses in the tens of millions of dollars, with some victims losing their entire savings. Prosecutors have recovered approximately $300,000 for victims so far, though no arrests have been reported. The crackdown comes amid surging digital asset crime, according to the FBI's "2025 Internet Crime Report," which recorded $11.366 billion in crypto-related fraud losses—a 22% increase from the prior year—with cryptocurrency fraud accounting for over half of all internet crime losses in 2025.

French Assembly Advances Stablecoin Swap Tax Proposal

France’s National Assembly voted 38–37 to back a proposal that would tax private investors’ gains when swapping crypto assets into single-currency stablecoins. The measure is targeted at transactions occurring from Jan. 1, 2027.\n\nThe proposal would trigger taxation even if investors do not convert their holdings into fiat currency or otherwise cash out. It has not yet become law and still requires further legislative steps before taking effect.