News linked to this event type.
Odaily News: Nonprofit financial reform advocacy group Better Markets stated that the Commodity Futures Trading Commission (CFTC)'s plan to bring certain cryptocurrency trading and exchanges under its regulatory purview could give retail investors weaker protections than those under the Securities and Exchange Commission (SEC). The CFTC has solicited public comments on a framework for margin, leverage, or financing in retail crypto trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, noted that the CFTC lacks an investor protection mandate, and its statutory authority was originally designed to address fraud in leveraged precious metals trading, which does not justify making it the primary regulator of retail crypto trading. He also said the proposed framework could allow the kind of interrelated market participants that were seen as contributing to FTX's collapse.After the CLARITY Act stalled in Congress, the CFTC and SEC have continued to advance crypto policy under existing law. The CFTC plans to establish a new federal category to bring qualifying crypto trading platforms directly under regulation; the SEC, meanwhile, has proposed relaxing certain investment adviser custody rules, allowing limited tokenized trading of U.S. equities, and issuing new guidance on how securities laws apply to crypto assets. (Cointelegraph)
Pons stated on X platform that the PONS token burn mechanism continues to advance, with 32% of the total PONS supply now burned. According to Pons, 80% of its platform revenue will be used to accumulate PONS tokens to support the token value capture mechanism.
Odaily News: DeepSeek is nearing the completion of a new funding round, with the scale expected to reach at least 80 billion yuan (approximately $12 billion), significantly exceeding the company's previous fundraising target of about 50 billion yuan. Sources familiar with the matter revealed that Tencent Holdings and CATL have committed to contributing larger amounts in this funding round, and the related financing transaction is expected to be completed soon. Due to a significant increase in market demand and investment interest following the release of DeepSeek's latest AI model, this funding round has exceeded expectations, with the final amount potentially approaching 100 billion yuan.Previously, DeepSeek sought to raise approximately 50 billion yuan, but investor interest in its AI technological progress drove the funding scale to expand further. DeepSeek had already attracted attention from institutions including Tencent and CATL, and has been using financing to expand computing infrastructure, AI model research and development, and team building. Bloomberg LíneaAccording to reports, DeepSeek plans to conduct an initial public offering (IPO) in early 2027, and this large-scale fundraising will provide financial support for its pre-listing development. DeepSeek has gained global attention with its low-cost, high-performance AI models, and is currently increasing investment in next-generation AI technology and computing resources. (Bloomberg)
Odaily News: The Ethereum development team has completed an emergency software update ahead of the Glamsterdam upgrade testing on the Sepolia testnet, fixing an issue that could cause some validators to produce low-capacity blocks. This test will raise the Sepolia network's Gas limit from approximately 60 million to 200 million, validating Ethereum's future efforts to enhance network processing capacity.Glamsterdam is Ethereum's next major upgrade, and Sepolia, as a testnet, will be the first to deploy the related improvements to simulate the upgrade's effects. Gas is the unit that measures the computational capacity a block can handle on Ethereum. Raising the Gas limit means a single block can accommodate more transactions and more complex on-chain operations, but it also increases the computational burden on node operators.Ethereum validator client Prysm released version 7.2.1 on Monday evening, adding the 200 million Gas limit configuration. The previous version was released before the relevant Sepolia parameter adjustments, so if validators did not manually modify their settings, they would still operate under the 60 million Gas limit. This update ensures that validating nodes can participate in the Glamsterdam test as expected. (CoinDesk)
Canary Capital has stated its proposed staking Injective ETF is "coming soon," with the ticker INJC. The product will provide staking yield-related exposure around the INJ token.Meanwhile, the Injective Foundation announced the launch of the Trench Treasury program, aimed at supporting ecosystem projects built on INJ and rewarding community members. The program will further drive the development of the Injective ecosystem. (The Block)
cryptocurrency exchange OKX has announced the launch of OKX Money, a stablecoin savings and payment app, now available in parts of Latin America, Africa, South Asia, and the Middle East, offering up to 10% annualized yield on eligible USDG balances.Users can fund their accounts with over 50 supported currencies, with funds converted into USD-backed stablecoins, and can hold, send, and spend USDG, USDC, or USDT. The app supports both virtual and physical cards, and eligible USDG balances can earn yield without staking or lock-up requirements.OKX stated that the app will roll out gradually in accordance with regional requirements, with specific legal entities and regulatory frameworks varying by jurisdiction, and the initial launch markets have not yet been disclosed. Yields and eligibility conditions vary by region and user, and users can unlock higher yield tiers by meeting a 30-day average deposit threshold, reaching a 30-day spending amount, or upgrading their exchange VIP level. (Cointelegraph)
Odaily reports: Stablecoin payment infrastructure provider Rain has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank in New York. Once approved, the bank will be able to provide institutional clients with digital asset and USD fiduciary custody, as well as stablecoin reserve management services.Rain stated that Rain National Trust Bank may also issue and redeem USD-backed stablecoins in accordance with the GENIUS Act. Former Square Financial Services Chief Financial Officer Brandon Soto will serve as President and CEO of the proposed bank, subject to OCC review.The Independent Community Bankers of America (ICBA) sued the OCC on Friday, alleging that it allowed non-depository trust banks to conduct a wide range of non-fiduciary activities, exceeding its regulatory authority. The ICBA is asking the court to overturn the OCC's chartering rule introduced in March 2026 and Interpretive Letter 1176 from 2021, and to block the approval of more licenses based on those documents.The Crypto Council for Innovation said the lawsuit is intended to restrict innovation. The ICBA complaint states that the OCC has approved or conditionally approved at least 21 trust banks, of which at least 13 are cryptocurrency companies. (Cointelegraph)
Google Cloud has officially disclosed that its Blockchain Node Engine and Blockchain RPC services are scheduled to terminate operations on December 15, 2026, and is reminding customers to complete migration arrangements as soon as possible. To this end, Google Cloud has partnered with blockchain infrastructure provider Quicknode, designating it as the officially recommended RPC infrastructure successor. Customers can redeploy nodes and RPC endpoints through Google Cloud Marketplace or the Quicknode platform, and must complete application configuration adjustments and workload validation before the services officially shut down; at that time, Google will automatically deprovision existing Blockchain RPC endpoints on December 15.
Odaily Report: Crypto analyst Darkfost posted on X platform that the Bitcoin Bull Score Index remains in a clearly bullish zone, currently at 80/100, with multiple indicators continuing to support BTC's upward momentum.Darkfost noted that the only relatively lagging factor at present is spot demand. As previously observed, spot trading volume in the market remains low, so there is not yet any notable spot buying demand at this stage. He believes that spot demand is the key missing factor in the current BTC market trend, and this component is often the last piece to fall into place.
Odaily News: Lighter released its September operational data update on X. In September, Lighter's total trading volume reached $56.2 billion, open interest stood at $1.64 billion, and network revenue was $4.44 million. In September, Lighter repurchased a total of 597,200 LIT, bringing cumulative buybacks since TGE to 18.15 million LIT, representing 7.26% of circulating supply.
Odaily News: Hunter Biden posted on X, reposting the latest interview content, once again responding to allegations that the previously launched LAPTOP token was a scam.Hunter Biden stated that when the LAPTOP token launched, a market maker provided approximately $5,000 in liquidity, so a $6 buy could potentially drive its market cap up by about 5%. Hunter Biden also said that relevant wallet records can prove the project is not a scam, and responded to outside questions about the LAPTOP token's first-minute trading activity and project transparency. He also stated that many Democrats have misconceptions about the crypto industry.
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has issued a "no-action" relief allowing Designated Contract Markets (DCMs) to convert certain existing contracts that already substantively possess perpetual contract characteristics into "true" perpetual contracts without expiration dates. The relief is valid until October 20. Exchanges must seek input from holders of open positions before conversion, provide advance notice and an opportunity to exit, and offer risk disclosures.
According to Cointelegraph, the crypto political action committee Fairshake, backed by Coinbase, Ripple Labs, and Andreessen Horowitz, announced it will fund 32 House candidates in the 2026 U.S. midterm elections, including 19 Republicans and 13 Democrats. As an initial round, Fairshake will contribute $1 million each to the campaigns of six of these candidates, totaling $6 million. All 32 candidates previously voted in 2025 to advance the Digital Asset Market Clarity Act (CLARITY Act). The bill had earlier failed to pass a crucial procedural vote in the Senate, and its subsequent progress remains uncertain.
Odaily News — According to on-chain analyst Ember Monitoring, Meme trading platform GMGN (0x5d044...8960db) deposited 12,000 ETH in fee revenue earned on Robinhood Chain into Ethereum for staking 6 hours ago, worth approximately $32.57 million. Robinhood Chain has been live for 3 months, and GMGN has earned only about 24,500 ETH in fee revenue on the chain, worth approximately $66.54 million.
Polymarket has released Protocol V2, its next-generation prediction market smart contract system, which refactors the original architecture built on the 2019 Gnosis Conditional Tokens Framework. The new version standardizes on a single ERC1155 position token contract, a single collateral asset (pUSD), and a unified exchange with integrated routing, while natively supporting multiple market types including Binary, Atomic Neg-risk, Incremental Neg-risk, and Combinatorial.
Crypto Political Action Committee (Crypto PAC) Fairshake has released its midterm election House endorsement list, evaluating candidates based on their level of support for crypto policy.
Yemeni government forces and Houthi fighters engage in intense clashes in the Red Sea and the Strait of Bab el-Mandeb, with multiple vessels attacked in the Strait of Hormuz. The US and Iran are both signaling readiness for direct dialogue, as the US simultaneously issues sanctions warnings targeting Iranian crude oil exports and Iran-linked banks.
Crypto Super PAC Fairshake has announced a list of 32 incumbent U.S. House members it supports in the November election, with six of them each receiving $1 million in funding.
S&P Global has released a risk assessment framework for the approximately $10 billion digital asset lending vault market, covering six major risk areas, aimed at enhancing transparency in the DeFi market and supporting investment decision-making.
Odaily News — Web3 security firm CertiK today officially released its Intel3D report, "The Rise of AI Employees: How Agentic AI Is Reshaping Cybersecurity, Anti-Money Laundering, and Compliance." The report notes that AI is transitioning from an assistive tool that helps analysts identify issues to a member of the working team capable of conducting investigations, making judgments, and executing remediation tasks within defined permissions. This shift is reshaping security and compliance processes across traditional finance and Web3, and is also raising new requirements for how enterprises supervise AI, define permission boundaries, and allocate responsibility.The report also cautions that model misjudgments, prompt injection, and adversaries' exploitation of AI may introduce new risks. As AI begins to hold and trade digital assets, its own behavior must also be subject to audit. CertiK recommends that enterprises establish governance mechanisms covering permission boundaries, human approval, decision records, and division of responsibilities, and conduct regular red-team testing; these mechanisms must be improved in tandem with AI's execution capabilities to support "AI employees" in continuously creating value for security and compliance work under supervision and accountability.