News linked to this event type.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act, with the retirement of key lawmakers making it impossible to revive this 635-page bill, backed by both Wall Street and the crypto industry, before the end of the year, leaving the crypto regulatory framework facing a complete reset.
Odaily reports: Visa stated that its stablecoin-linked card program has seen payment volume grow nearly 200% year-over-year and now supports more than 160 consumer, business, and commercial card programs. So far in fiscal year 2026, approximately 17% of stablecoin-linked card transaction volume comes from business and commercial card programs.Mark Nelsen, Visa's Global Head of Product, Commercial, and Money Movement Solutions, said that businesses are seeking trustworthy and reliable ways to move money, and stablecoins are increasingly appearing in commercial applications such as supplier payments, treasury operations, and cross-border commerce. Allium research shows that payments are the fastest-growing use case for stablecoins, with annual payment volume estimated at $401 billion to $527 billion, of which service fees, payroll, and supplier payments account for $56 billion, $43 billion, and $28 billion respectively, with B2B cross-border payments making up 43%.
PPP prediction market tool monitoring shows that in the Polymarket "GPT Astra 6.1+ release date" prediction market, the probability that GPT Astra 6.1+ will be released before October 31 has risen to 46%, up 21% in 24 hours.According to the resolution rules, if OpenAI makes available to the public a GPT model with a version number of 6.1 or higher and with "Astra" included in its name or model identifier before the specified date, the corresponding market will resolve to "Yes." The model must actually be made available for public use; closed beta testing or placeholder names appearing only on the official website will not count, and resolution will primarily be based on official information from OpenAI.Join the PPP signal push community to stay one step ahead and seize the initiative.
PONS founder Ozzy addressed community concerns regarding the buyback and burn mechanism. Ozzy stated that the project has automated the buyback and burn operations, allowing any user to trigger the bot and earn a small reward. In response to questions about fund withdrawals and the buyback rate, the team has completed a contract upgrade, adjusting the fund claiming cycle to occur once every 7 days, with the buyback and burn process executing cyclically over the subsequent 7-day period.
Concrete (CT) will soon be available on Bitget PoolX. Users can lock BTC to participate in claiming the 1,111,111 CT airdrop, with an individual lock cap of 50 BTC. The lock-up period runs from October 4, 22:00 to October 12, 22:00 (UTC+8).
Odaily News: Pons founder Ozzy posted on X in response to community questions about the PONS buyback and burn mechanism, stating that the burn rate has indeed not yet been adjusted, and that the "Claim" process is still not fully decentralized.He stated that an on-chain contract upgrade is currently underway. The new buyback mechanism plans to execute a Claim every 7 days, then use all claimed funds over the following 7 days to buy back and burn PONS, repeating this cycle to establish a more sustainable buyback and burn mechanism. All buyback and burn operations are now automated. Anyone can trigger the bot and receive a small reward for doing so.He further stated that the previously set buyback and burn rate was 2e per hour, which, combined with the Splitter (fund allocation contract) currently holding about $950,000, matches a 7-day buyback cycle. After funds are claimed, they will also be automatically executed on a 7-day cycle, so buyback funds will appear in two separate sections: one is the Active Buyback Vault currently conducting buybacks, and the other is the buyback funds reserved for the next week.Previously, crypto analyst yyy posted on X stating that Pons had not replenished funds to the buyback distributor for over 5 days, with about $440,000 in pending claimable funds in the escrow account. The analyst believed that untimely fund Claims led to the recent low PONS burn rate, and called for promoting decentralization of escrow account fund claims.
Odaily News: Bonk Guy posted on X platform that meme coin SI has shown relative resilience during the recent market pullback, with holder addresses increasing to 60,000 within a week, including 30,000 new addresses in a single day; even after the pullback, daily trading volume remains at $15 million to $20 million. In addition, SI holders can receive tokenized NVDA rewards. Bonk Guy stated that as the largest holder, he has received five-figure USD worth of related rewards within a week.Bonk Guy stated that with the growth in holder addresses, trading volume, and market attention, combined with CEXs listing SI one after another, he is bullish on SI's future performance and believes SI could become one of the larger new meme coins of this cycle.According to GMGN data, SI currently has a market cap of $45.6 million, with a 24H gain of over 29.1%.
NEAR co-founder Illia Polosukhin posted that the recent increase in developer activity and further reduction in development barriers within the ecosystem center on what applications to build and how to establish distribution channels. In response, he proposed a series of potential building directions, including AI virtual pets combining NEAR AI’s on-chain verifiable inference with non-fungible tokens (NFTs); a universal checkout component supporting cross-chain intent payments; a decentralized encyclopedia integrating prediction markets with AI-generated content; a privacy-oriented OTC market based on NEAR Intents, alongside liquidation-resistant lending and perpetual contract management; a cross-chain event registration escrow tool backed by staking deposits; a privacy-preserving code review agent; a corporate cap table management tool; Delta-neutral strategy management; private copy trading utilizing view keys; an end-to-end encrypted medical auxiliary diagnostic system; a privacy-focused voice transcription desktop application; and AI benchmarking based on private test sets, among others.
CryptoQuant analyst Darkfost stated that due to limited liquidity inflows into the crypto market, the stablecoin market cap remains sluggish in its recovery. Since May this year, the stablecoin market cap has contracted by $14 billion, signaling notable capital outflows from the market. Although conditions have shown slight improvement since September, with the stablecoin market cap rising by roughly $4 billion and reclaiming around $270 billion, and signs of a trend reversal appearing to materialize, the overall rebound remains relatively weak. Further driving Bitcoin to new all-time highs will require substantially greater liquidity support from the market.
Odaily News: When a token project fails to deliver tokens as agreed, investors need to review the signed agreements, attachments, amendments, and cover letters to confirm the legal entity bearing the obligation, the number of tokens or calculation method, delivery trigger events, vesting arrangements, and transfer restrictions.The projected launch date published by the project does not equate to a binding delivery deadline. When tokens have already been distributed to other participants, it is necessary to assess whether the delivery obligation has been triggered based on the agreement's definition of the token generation event, whether the investor has completed the prerequisites, and the project team's actual conduct.When a project requests an extension of the lock-up period, a reduction in allocation, a token swap, or a change in the responsible entity, investors should verify whether the contract authorization and amendment documents contain waiver of rights clauses. Investors may retain payment records, transaction hashes, wallet addresses, communication records, and project announcements, and review the notification, remediation, negotiation, arbitration, or litigation procedures. (Bitcoin.com News)
Revoke.cash issued a reminder stating that, following last week's Magic Eden security incident, Ultimate subscribers must ensure their wallets meet two conditions for the Auto-Revoking feature to properly protect assets: first, granting Auto-Revoking permissions for the wallet in MetaMask; second, the wallet has been upgraded to a MetaMask Smart Account on the corresponding network. The second step is normally completed automatically during the authorization process, but if the address had already been upgraded to a Smart Account via another wallet application, the upgrade may fail.
Odaily News: Bitwise Asset Management Chief Investment Officer Matt Hougan stated that after the Senate declined to advance the CLARITY Act on September 15, stablecoin platforms retain room to offer balance rewards to customers, and exchanges such as Coinbase also continue to maintain existing state-level licenses and advantages in integrating trading and brokerage operations.The U.S. Securities and Exchange Commission (SEC) issued a five-year exemption for tokenized stock trading on September 17, allowing qualifying platforms to adopt permissioned automated market makers and liquidity pools for testing. Hougan listed Securitize, which provides services for BlackRock, Apollo, and KKR tokenized funds, as a beneficiary.SEC staff updated token buyback guidance on September 28, stating that for networks that are already functional and have no centralized party, buyback announcements do not constitute a promise on which purchasers rely for expected profits; the guidance does not have legal effect. (Bitcoin.com News)
According to Ariel Givner, Judge Pacold of the U.S. District Court for the Northern District of Illinois issued a ruling supporting a partial preliminary injunction in a lawsuit involving Coinbase, Kalshi, and the U.S. federal government/U.S. Commodity Futures Trading Commission (CFTC) against Illinois Attorney General Kwame Raoul, thwarting Illinois' attempt to classify sports event contracts on the prediction market platform Kalshi under the state's gambling regulations in its initial legal push.
Centrifuge has confirmed that three funds — JAAA, JTRSY, and HYB — have launched on Circle's Arc blockchain, offering exposure to AAA-rated collateralized loan obligations (CLOs), short-term U.S. Treasuries, and high-yield corporate bonds, respectively, involving investment strategies under Janus Henderson and New York Life Investment Management. All three funds support subscriptions using USDC on Arc, while direct investment is available only to eligible non-U.S. professional investors. The minimum investment for JAAA and JTRSY is $500,000 each, and for HYB it is 100,000 USDC.
On October 3, tensions in the Middle East continued to escalate as the Saudi-led coalition intercepted Houthi missiles and planned strikes on Red Sea shipping lanes, while Iran's Islamic Revolutionary Guard Corps warned of a forceful retaliation. The United Nations cautioned that the conflict could leave an additional 22 million people worldwide facing food insecurity.
The decentralized lending protocol Aave community has released an ARFC proposal, proposing the establishment of a "memberless" foundation entity, Aave Foundation, in the Cayman Islands to hold the Aave trademarks, core domain names, and intellectual property rights of the codebase. According to the proposal's plan, the structure will be implemented in phases. Phase I involves solely the establishment of the entity and the appointment of independent directors and supervisors, with all associated costs borne by the decentralized autonomous organization (DAO) and no regular budget established.
World's largest gold ETF SPDR Gold Trust decreased by 0.855 tons from the previous day, with current holdings updated to 1,055.696 tons.
Atkins stated that the custody provisions of the current Investment Advisers Act and Investment Company Act predate the birth of the internet, and custody capabilities often lag by months after new assets are listed. The SEC's custody rule proposal aims to fill this gap. Atkins also outlined the current SEC's crypto regulatory initiatives, including ending "regulation by enforcement," arrangements related to tokenized securities, the proposed Regulation Crypto Assets issuance framework, and an "innovation exemption," noting that more regulatory proposals are already in the pipeline.
Odaily reports: Microsoft's official X account was accessed without authorization on Thursday, briefly following and promoting accounts linked to an unofficial Meme coin, reposting related tweets, and changing its profile picture to Clippy.The related content was deleted approximately 30 minutes later. Microsoft subsequently confirmed that the account had been secured, the unauthorized posts had been removed, and that it would continue investigating. Microsoft stated that it never authorized anyone to use its intellectual property, including Clippy, to promote tokens, and plans to take legal action.The token is named CLIPPY. The account Clippy MSFT had promoted a liquidity pool valued at over $200,000. Some promoters claimed it was backed by Microsoft's actual stock, but this claim has not been verified and has no official association with Microsoft. (Bitcoin.com News)
Odaily reports: U.S. crypto advocacy group Stand With Crypto has announced its endorsement of a slate of bipartisan candidates for the midterm elections, including Ohio Republican Senator Jon Husted, Iowa Republican candidate Ashley Hinson, and New Hampshire Democratic candidate Chris Pappas. The group also endorsed more than 30 House members and candidates who have voted in favor of digital asset framework legislation.Stand With Crypto said it will run ads in 6 House races to support pro-crypto candidates. Previously, the U.S. Senate failed to secure the 60 votes needed to pass the CLARITY Act, which had passed the House last year. (Bitcoin.com News)