Initia suspends L1 and Rollup operations due to security incident, team investigating scope of impact

Odaily: Initia officially announced that due to a security incident, Initia L1 and its Rollups have been suspended. The team is working with security teams, validators, and exchanges to investigate the incident and determine the scope of impact. Initia stated that verified information will be released through official channels going forward, and reminded users to be wary of unofficial links, messages, and unverified claims circulating during the incident.

Odaily: U.S. President Trump stated that we need to protect geniuses like Musk, and that Musk will never do anything wrong.

Odaily reports: Bankless founder David Hoffman posted on X that a batch of tokens he refers to as "2017-era Bitcoin clone coins" have recently gained momentum again. Among them, PRL rose 30% this week, with a fully diluted valuation (FDV) of approximately $4.2 billion; QTC rose 300% this month, with a valuation of approximately $1.8 billion based on a total supply of 21 million tokens.David Hoffman believes that what is noteworthy is that such tokens, which adopt a fixed supply cap of 21 million, are now commanding multi-billion-dollar valuations.

Odaily Report: U.S. President Trump stated that we may end the Iran war very soon, and the question now is whether we should settle the matter once and for all or just let it fade away. (Sina Finance) (

Odaily reports: According to monitoring by on-chain analyst Yu Jin, crude oil prices rose 4% today. Three days ago, this whale sold the ETH it had previously bought at the bottom for $1,647, making a profit of $8.99 million, and then went long on crude oil worth $51.56 million, including CL worth $30.78 million and BRENTOIL worth $20.78 million, and is currently sitting on an unrealized profit of $1.9 million.

Odaily reports: A survey released on Friday showed that the US consumer sentiment index edged down in October to near a historic low, as the Middle East conflict drove prices higher, turning households pessimistic about the economic outlook just as congressional midterm elections centered on affordability issues approach.The University of Michigan's consumer survey showed that its consumer sentiment index fell this month to 48.0 from a final reading of 48.1 in September. Economists surveyed by Reuters had forecast the index at 46.3, which was also the preliminary reading for October. The October reading is the second lowest on record, above only the all-time low of 44.8 set in May—a low that came shortly after the outbreak of the Iran war. "Purchasing power continues to dominate consumers' views of the economy," said Joanne Hsu, director of the consumer survey program. "The current consumer sentiment index is 10% lower than a year ago and 15% lower than in February, before the Iran conflict broke out."