News linked to this event type.
In a CNBC interview, U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig stated that there will be no "race to the bottom" on leverage. The CFTC will apply the mature margin models and risk control measures long used in derivatives markets to uphold market integrity to the crypto market.
The latest Federal Reserve meeting minutes indicate that most officials support raising interest rates again by year-end, but market expectations for action in October have clearly cooled. The current rise in long-end U.S. Treasury yields is viewed as an alternative policy tightening measure, with investors monitoring whether the Fed will intervene in the bond market.
Solana ecosystem projects Orca and Loopscale have announced the completion of their merger, aiming to provide financing support for the AI, robotics, and defense sectors.
Hunter Biden on Wednesday released a forensic report produced by Groom Lake regarding the LAPTOP Meme coin launch, and called out the anonymous market maker involved in the issuance, stating that "the market maker who botched the launch should buy back all the tokens and burn them."The report shows that a wallet possibly controlled by "Market Maker 1" received $500,000 before the launch, but only deployed approximately $5,200 at launch, accounting for about 1%. All liquidity providers combined contributed fewer than 30,000 LAPTOP tokens to the main pool, representing only about 0.003% of the initial 1 billion token supply.The extremely low initial liquidity made LAPTOP's price highly susceptible to being moved by small trades. According to the report, a single $6 buy order could push the quote up by approximately 5%. Combined with high-frequency early trading and liquidity fluctuations, this led to extreme price volatility on launch day.Biden stated that "the biggest winner in this launch was the market maker." The report further supplements previous explanations regarding the failed launch. Last month, the project team attributed the price anomalies primarily to sniper bots and insufficient liquidity.Notably, as of October 7, the 300 million founder tokens held by the project team had still not been transferred. The core of the current controversy remains focused on the market maker's launch execution, liquidity allocation, and whether it improperly profited from the extreme volatility.
Houthi forces launched consecutive attacks on airports in Yemen and Saudi Arabia, resulting in multiple casualties. The Iranian president declared that the nation is in a state of "total war." Due to conflict spillover, maritime shipping through the Strait of Hormuz has been disrupted, and ultra-large crude carrier freight rates have surged to $77 million.
According to The Wall Street Journal, Broadcom is developing custom AI chips for OpenAI and seeking over $50 billion in financing for the project.
Odaily News: Stablecoin issuer Circle has partnered with Tereina, a financial services company backed by German enterprise software company SAP, to bring USDC and EURC into SAP customers' enterprise payment processes. Enterprises using SAP financial software can send and receive both stablecoins within existing applications, with USDC used for USD-denominated transactions and EURC for EUR-denominated payments.Tereina provides payment infrastructure that can be embedded into enterprise software, enabling businesses to complete payments without switching to other financial platforms. The two parties plan to test stablecoin integration with customers over the coming months, applying it to global payments and treasury management operations; the SAP ecosystem covers 84% of global commercial activity.The partnership comes less than a month after Circle launched the mainnet of Arc, a Layer 1 blockchain focused on stablecoin payments and financial markets. Arc uses USDC to pay transaction fees and supports over 20 fiat-backed stablecoins, including USDC and EURC. (Cointelegraph)
Odaily reports: Bitcoin News posted on X platform that Lightspark has released a dotMoney prototype, allowing users to send test funds by sharing links, .money files, or directly between nearby iPhones. The files can be sent via AirDrop, messaging apps, or stored on a USB drive; the underlying funds are transferred between wallets via Spark. Each file can only be claimed once, and copying or forwarding will not generate duplicate funds. The sender can also cancel unclaimed payments. Currently, the prototype uses test funds with no monetary value, and Lightspark is also testing bank, Cash App, and Lightning withdrawal functionality through Grid.
OpenAI has announced the global launch of the GPT-6 model featuring an intelligent UI, now available to paid users. Free and Go users will gain access tomorrow. This version is optimized for everyday conversations, while the Work and Codex models remain unchanged for now.
Odaily reports: Bitcoin News posted on X that Strategy currently holds 848,000 BTC, while BlackRock's IBIT holds 805,222 BTC, bringing their combined holdings to 1.653 million BTC, approximately 7.9% of the 21 million total supply cap. Based on Monday's price of $85,179, these BTC are worth approximately $141 billion. Some of this is held on corporate balance sheets, while the rest backs ETF issuance and redemption shares.
According to CoinDesk, Payward (Kraken's parent company) is in talks with Wells Fargo to potentially become its crypto liquidity provider. This move reflects the critical technical support role that leading crypto firms are playing as traditional finance expands into digital assets.
Anthropic officially launches the AI model Claude Haiku 5.5, optimized for cost-sensitive tasks, with pricing significantly reduced compared to the previous generation Haiku 4.5.
The latest Federal Reserve meeting minutes show that all participating members unanimously supported a 25-basis-point rate hike, and most members believed it was appropriate to raise interest rates again before the end of the year.
The Federal Reserve is scheduled to officially release its latest monetary policy meeting minutes in ten minutes, containing detailed records of discussions on economic conditions, inflation targets, and interest rate decisions held during the meeting.
Polygon Labs has integrated the TRON network into the Open Money Stack, allowing businesses to directly convert traditional payment methods into USDT on TRON via a single interface, significantly reducing technical integration costs.
Coinbase Markets announced that it will launch spot trading for Pons (PONS) on October 7, 2026. Subject to meeting liquidity requirements, supported regions will have access to the PONS-USD trading pair later that day. Users will be able to trade via the Coinbase website, mobile application, and advanced trading platform; institutional clients can directly access through the Coinbase Institutional Exchange.
Odaily News: According to Hunter Biden monitoring, Hunter Biden, son of former U.S. President Biden, posted the independent investigation results of the LAPTOP token launch incident, stating that he had commissioned forensic firm Groom Lake to verify all transactions on the day of launch. He denied that the team cashed out, saying that the founder tokens remain concentrated in the same wallet and have not been transferred since launch; his personal tokens have been locked for six months and will then be released over two years. He cited the investigation as saying that Market Maker 1 had $500,000 in startup capital, but only injected about $5,200 and fewer than 30,000 tokens into the liquidity pool, with the latter accounting for only 0.003% of the total supply. Extremely low liquidity caused the price to rise from $0.05 to about $317 in less than two minutes, then fall 98% within one hour. Eighty-four seconds after the price peaked, Market Maker 1 withdrew funds during the sell-off, reducing the funds available near the current price to absorb selling from $16,200 to zero. He said Market Maker 1 made about $686,000 in profit from its DEX position, while Market Maker 2 netted more than $2.1 million from related DEX trades, and argued that the market makers responsible for the launch problems should buy back and burn tokens. He said he bears ultimate responsibility, will not exit the project, and plans next week to burn most of the unclaimed tokens from the first airdrop; that airdrop accounted for 10% of the total supply.
Injective has released a new whitepaper, marking the first comprehensive rewrite since the initial version in December 2018. The new version positions Injective as a Layer 1 for institutional-grade finance and asset tokenization, covering the full lifecycle of tokenized assets from issuance and trading to settlement, and introduces native RWA tokenization mechanisms as well as iAssets derivatives. Tokenized assets can be traded on a fully on-chain central limit order book, with uniform price clearing through sealed-bid high-frequency batch auctions; BFT consensus provides deterministic finality, with block times of approximately 600 milliseconds. The new version also covers native EVM and WASM, perpetual contract risk management, and AI agent finance, with on-chain protocol revenue flowing toward regular INJ community buybacks.
Odaily Report: Blockchain platform Solana has launched x402 batch payment functionality through PayAI Network and BlockRunAI, enabling AI agents to initiate multiple USDC payments and settle them all through a single on-chain transaction.BlockRunAI has already applied this technology to its AI model routing service. The company states that by consolidating multiple model calls into a single USDC settlement, it can save over $20,000 per month in network fees and reduce latency by approximately 10x; its service provides access to over 113 AI models through a single endpoint.Solana development organization Anza stated that the upgrade to ultimately reduce Solana's block time to 200 milliseconds is expected to go live around 15:00 UTC on October 9, having previously been gradually reduced from 400 milliseconds to 350, 300, and 250 milliseconds. (Bitcoin.com News)
Odaily News: Cryptocurrency trading firm GSR has committed $100 million, primarily through credit lines, to fund its new business Hare. Hare will partner with liquidity platform Turtle to create and manage on-chain vaults.Hare will initially launch vaults powered by lending protocol Aave, allowing investors to earn yields through major USD stablecoins and Paxos' tokenized gold product, with GSR providing anchored liquidity. (CoinDesk)