predict.fun posted on X platform stating that Polymarket has a 16% probability of launching an official token before March 31, 2027.

According to CoinDesk, as the U.S. midterm elections approach on November 3, polling data and betting odds indicate that the Democratic Party is poised to take control of Congress. The outcome will determine the fate of regulatory oversight authority for agencies such as the SEC and proposed cryptocurrency tax legislation.

Odaily News: The U.S. Securities and Exchange Commission (SEC) has approved a rule change by Cboe BZX Exchange to allow investment management firm Volatility Shares LLC to issue a 3x Bitcoin futures ETF and five other leveraged commodity products.The product suite also includes a 3x Ether ETF, as well as gold, silver, crude oil, and natural gas products. The Bitcoin strategy aims to achieve 3x the benchmark's daily futures performance, before fees. A 1% increase in the benchmark corresponds to a 3% target gain, while a 1% decline corresponds to a 3% target loss.The products gain exposure through futures contracts rather than directly holding Bitcoin, and daily compounding may cause long-term performance to deviate from the benchmark's cumulative return. Trading of the products must commence after the registration statement becomes effective, with each product issuing at least 100,000 shares at market open and calculating the net asset value per share daily. (Bitcoin.com News)

According to Onchain Lens monitoring, an Ethena-related Gnosis Safe withdrew 62.58 million ENA worth $14.86 million from Bybit 37 minutes ago. Over the past 9 hours, this wallet has withdrawn 117.58 million ENA worth $27.96 million from Bybit.

victims of the Drift hack, a perpetual contract exchange on Solana, began filing claims on October 1. The recovery pool's initial funding stands at approximately $3.11 million against nearly $295.4 million in verified losses. Victims can redeem USDT through DFX tokens, with each $1 of loss converting to roughly 1.04 cents at launch, meaning a $1,000 loss corresponds to about $10.40.The total supply of DFX is fixed at 299,500,810.998 tokens, with each token corresponding to $1 of verified loss from the April incident, and no additional tokens will be minted. Holders can choose to burn DFX to redeem USDT, sell on secondary markets such as Raydium, or continue holding their claims. Completed redemptions are irreversible, and unclaimed tokens will expire after the claims window closes on January 1, 2028.Future funding for the recovery pool includes a portion of daily net protocol revenue from Velocity, the rebranded exchange rebuilt by Drift, up to $127.5 million in USDT committed by Tether, $20 million in USDT committed by strategic partners, and recovered stolen assets. On the first Friday after claims opened, approximately 216,480 DFX tokens were redeemed for about 2,250 USDT, with Velocity's first revenue transfer amounting to 31 USDT; approximately 13,025.9 ETH is spread across 4 Ethereum wallets, another approximately 2,309.4 ETH passed through Tornado Cash, and about $9.2 million in assets have been frozen at other addresses. (Bitcoin.com News)

Odaily News: The Independent Community Bankers of America (ICBA) filed a lawsuit on Friday against the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to crypto firms and asking the court to vacate the final rule dated March 2, 2026, and Interpretive Letter No. 1176.ICBA President and CEO Rebeca Romero Rainey said the charters give crypto firms the credibility of a federal bank charter without requiring compliance with federal deposit insurance, capital and liquidity standards, and the Community Reinvestment Act. The ICBA also seeks to revoke Protego Holdings' conditional charter, citing deficiencies in its governance and risk controls.The lawsuit involves digital asset firms that have applied for or obtained OCC charters, including Circle, Ripple, Paxos, Fidelity, BitGo, Kraken parent company Payward, Block, and World Liberty Financial. Senator Elizabeth Warren separately accused the approvals of being unlawful, drawing pushback from the industry; the OCC plans to complete stablecoin rules under the GENIUS Act by November. (Decrypt)