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SEC Proposes Updating Securities Transfer Agent Rules to Include Blockchain-Based Securities Issuance and Share Transfers

the U.S. Securities and Exchange Commission (SEC) on September 1 proposed the first major update to securities transfer agent rules since the late 1970s, aiming to adapt to the shift from paper records to electronic data.SEC Chairman Paul Atkins said the rules should reflect how securities transfer agents actually operate today and in the future, including the use of blockchain technology in securities issuance and share transfers.Securities transfer agents are responsible for maintaining official records of securities ownership, processing transfers and restrictive legends, and collaborating with the Depository Trust & Clearing Corporation (DTCC) as part of the national clearing and settlement system. (CoinDesk)

SEC Plans to Update Transfer Agent Rules, Incorporating Blockchain into Securities Regulatory Framework

As reported by CoinDesk, on September 1, the U.S. Securities and Exchange Commission (SEC) proposed the first major update to transfer agent rules since the 1970s, with Chairman Paul Atkins explicitly stating that the rules should cover the application of blockchain technology in securities issuance and share transfers. In an article, Fairmint co-founder Joris Delanoue noted that if ownership data is distributed across token wrapping layers, SPVs, broker-dealer internal ledgers, and off-chain databases, it would replicate the history of the late 1960s "paper crisis." He emphasized that tokens themselves should function as the official ledger mandated by Section 17A of the Securities Exchange Act, rather than serving as wrappers for off-chain securities. The article calls on the industry to consolidate ownership data around unified open standards and recommends that the SEC distinguish between on-chain native registration and third-party wrapping models in Form TA-2, permit the use of cryptographic credentials and other modern identity identifiers, and integrate smart contract pre-trade restrictions into compliance enforcement mechanisms.

Gemini Co-founder: Zcash Hype Feels Like the 2019 Crypto Market

Odaily reports: Gemini co-founder Tyler Winklevoss said the current market hype around privacy coin Zcash is reminiscent of the 2019 crypto market, when Bitcoin had just emerged from the 2018 bear market and market attention shifted toward institutional infrastructure and custody.Zcash launched in 2016 and uses zero-knowledge proofs to enable private transactions. It has long faced regulatory scrutiny, and some exchanges have delisted it. According to CoinGecko data, the price of ZEC rose from about $511 in January 2026 to $1,335.51 on September 16. Since receiving approval from New York State in 2018, Gemini has become the first licensed exchange to offer Zcash trading and custody services.

WasabiCard rolls out multiple AI subscription cards, covering payment scenarios for mainstream AI tools such as OpenAI and Claude.

According to official information, WasabiCard has now launched multiple AI subscription cards to address the global subscription and payment needs of enterprises and teams for AI tools, supporting subscription payment scenarios for mainstream AI applications such as OpenAI and Claude. With the card-based payment solution, enterprises can more flexibly handle the procurement and expense management of AI services for different teams, projects, or business lines. In addition to AI subscription payments, WasabiCard also supports enterprise bulk card issuance, fund budget management, and multi-currency account setup, alongside various use cases such as advertising, travel, payroll, and e-commerce subscriptions. It helps businesses configure payment permissions and budget limits by department, employee, or specific purpose, improving management efficiency and financial transparency for AI-related spending. As AI tools gradually integrate into daily workflows covering R&D, content production, customer service, and operations, cross-border subscription payments and expense management are becoming essential infrastructure for global business operations. Please note that WasabiCard products are currently not available for application by enterprises or individual users in mainland China.

UK FCA officially opens licensing applications for cryptocurrency companies

According to an official announcement from the UK's Financial Conduct Authority (FCA), the FCA will officially open cryptocurrency company authorization applications starting today, marking a new stage in the regulation of crypto assets in the UK. This regulatory framework covers four core standards: consumer protection, customer asset safeguarding, market integrity, and financial soundness. Crypto companies intending to continue operating in the UK must submit their applications by February 28, 2027, and the new regulatory regime will officially take effect on October 25, 2027. Dominic Cashman, Director of Authorization at the FCA, stated that the UK's new crypto regulatory framework will provide stronger consumer protection and offer businesses a clear operational framework. The FCA is also providing pre-application support meetings and a series of webinars to assist companies in preparing their applications.

SEC Chair: Will Clarify Onchain Fundraising Rules Within Statutory Authority

Odaily reports: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that although the CLARITY Act was not passed by Congress, the SEC will still clarify onchain fundraising rules within its statutory authority.The U.S. Senate failed to advance the CLARITY Act on September 15 with a 49-50 vote, falling short of the required 60-vote threshold. Atkins has not yet disclosed what form the relevant guidance will take—whether exemptions, a registration pathway, or staff guidance.The SEC previously paved the way for tokenized stocks on September 17, and on September 25 published nine FAQs explaining the impact of token issuers' commitments on securities determinations. Commissioner Hester Peirce will depart on October 2, leaving the SEC with only two sitting commissioners, Atkins and Mark Uyeda. (Bitcoin.com News)

Gemini Switches Zcash Software Ahead of NU7 Upgrade's 25-Second Block Times

Odaily News: Cryptocurrency exchange Gemini has switched its Zcash system operating software from Zebra to Zakura, reducing the time required for nodes to catch up with the network state from nearly a day to just over 6 hours.The switch was made ahead of Zcash's planned NU7 upgrade. The upgrade aims to reduce block times from 75 seconds to 25 seconds, requiring network computers to process transactions at three times the previous frequency.Developers aim to implement the mainnet upgrade on November 5, but Gemini has not yet published performance test results for Zakura under the faster block production frequency. (CoinDesk)

HTX has launched perpetual contracts for TWST, CRML, BWET, CVNA, RUM, and WBD.

According to official announcements, HTX has listed perpetual contracts for TWST/USDT, CRML/USDT, BWET/USDT, CVNA/USDT, RUM/USDT, and WBD/USDT as of September 30, supporting 1–20x leverage for both long and short positions. Additionally, from today through 15:00 on October 8 (UTC+8), HTX is launching a new contract token trading competition. Users who complete registration, trade contracts for the participating tokens, and meet the specified thresholds will be eligible to share in the total prize pool of 1 billion $HTX.

Paid Launches New Claim System, PAID Buyback Fee Ratio Raised to 25%

Solana ecosystem project Paid has announced that its new claim system is now live. The fee distribution has been adjusted from 80% to recipients and 20% for PAID buybacks, to 65% to recipients, 25% for PAID buybacks, and 10% retained by the protocol.

ASIC plans to regulate digital assets and tokenized custody platforms starting in April 2027.

According to The Block, the Australian Securities and Investments Commission (ASIC) is preparing to regulate digital assets and tokenized custodial platforms under a framework scheduled to take effect in April 2027. The regulator stated that it will issue consultation papers, guidance documents, and draft rules during this period, while monitoring market integrity and risk management.

Gate Research: US, Japanese, Korean, and Hong Kong Stocks Have Divergent Return Drivers, Gate Stocks Connect Four Core Markets

Odaily News: Gate Research has released its latest report on Gate TradFi connecting global markets, noting that the four markets—US, Japan, South Korea, and Hong Kong—have different sources of returns: US stocks rely on corporate earnings and technology investment, Japanese stocks benefit from governance reform and improved capital efficiency, Korean stocks are primarily driven by the semiconductor cycle, and Hong Kong stocks depend on Chinese corporate earnings, capital flows, and changes in risk premiums.Since 2016, US and Korean stocks have delivered similar annualized returns, but Korean stocks have notably higher volatility and drawdowns; Japanese stocks offer some diversification value, while Hong Kong stocks have undergone a longer valuation recovery cycle. Backtesting shows that cross-market diversification can reduce reliance on any single market, and trend rotation can help improve drawdowns, but neither can eliminate systemic risk, and higher turnover may increase trading costs.Gate TradFi incorporates US, Japanese, Korean, and Hong Kong stocks into a unified stock account, covering over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, and approximately 300 Japanese stocks, totaling coverage of more than 12,800 stock and ETF assets globally. The platform further connects index, forex, and metals market data, enabling investors to conduct cross-regional market comparisons, asset screening, and portfolio management within the same trading environment, expanding multi-asset observation and trading scenarios.

R25 Studio Opens Public Beta: Fund Setup Compressed from Months to 10 Minutes, Onchain Asset Management Enters the Programmable Era

R25 today announced the official public beta launch of R25 Studio, the core product of its 2.0 architecture.R25 Studio is dedicated to realizing the vision that "anyone can become an asset manager," fully opening up institutional-grade fund setup, operations, and distribution capabilities. By abstracting cumbersome legal documents, back-end systems, and compliance processes into configurable smart contracts, R25 Studio has successfully compressed the fund setup timeline from months to just 10 minutes.The platform is built around four pillars — Build, Manage, Earn, and Distribute — covering Vault creation, subscription and redemption, investment management, fee earning, and distribution. Asset managers no longer need to build complex fund structures from scratch; they can autonomously configure investment parameters, management fees, and performance fee rates onchain, generate dedicated Vault Tokens/Shares, and list their Vaults on channels such as Dapp and Topnod. The platform also provides performance data including NAV, APY, cumulative returns, and maximum drawdown, helping asset managers monitor strategy performance in real time.Previously during the 1.0 phase, Axil launched a private credit Vault on R25 and successfully surpassed $130 million in TVL, validating the reliability of this infrastructure.The application channel for the first batch of managers is now open. (Please click the original link)

GPT-6.1 Sol officially launches on B.AI, with API and Web Chat simultaneously available

The B.AI platform has announced the official launch of OpenAI GPT-6.1 Sol, enabling simultaneous testing via both API and Web Chat interfaces. As an upgraded variant of GPT-6 Sol, the model is tailored for complex software engineering, computer operations, and professional workflows. Officially positioned to approach GPT-6 Astra in agent programming, computer use, and specialized tasks, it features standard input/output token pricing at approximately one-fifth that of Astra. The model supports a 1.05M-token extended context window and generates up to 128K tokens of output, provides five adjustable reasoning intensity tiers, and supports prompt caching alongside Multi-agent delegation through the Responses API (Beta). Starting today, developers and users can directly integrate GPT-6.1 Sol via the B.AI platform; visit chat.b.ai/chat to begin your experience.

European stablecoin issuer AllUnity launches US dollar stablecoin USDAU

European stablecoin issuer AllUnity has announced the launch of USDAU, a US-dollar stablecoin compliant with the EU Markets in Crypto-Assets Regulation (MiCA). The token maintains a 1:1 peg to the U.S. dollar through segregated reserve assets and is currently deployed across multiple networks including Ethereum, Solana, Base, Tempo, Arc, and Polygon, with plans to integrate additional blockchains by year-end.

AllUnity launches MiCA-regulated dollar stablecoin USDAU, now live on six chains

Odaily reports: European stablecoin issuer AllUnity has launched the U.S. dollar stablecoin USDAU, its fourth fiat-backed stablecoin. USDAU maintains a 1:1 peg to the U.S. dollar through segregated reserves and is now live on Ethereum, Solana, Base, Tempo, Arc, and Polygon.AllUnity is regulated under the EU's Markets in Crypto-Assets Regulation (MiCA) and has previously issued the euro stablecoin EURAU, the Swiss franc stablecoin CHFAU, and the Swedish krona stablecoin SEKAU. (Cointelegraph)

Bybit Lists XDP Perpetual Contract Today

Bybit today added the Doppler Finance (XDPUSDT) perpetual contract, supporting up to 25x leverage.

Bybit Lists Stock Perpetual Contracts for TWST, RUM, and CVNA Today

Bybit has added three stock perpetual contracts today: Twist Bioscience (TWSTUSDT), Rum Group (RUMUSDT), and Carvana (CVNAUSDT), supporting up to 25x leverage. Limited-time fee discounts apply upon launch: 0% rates for limit orders and 50% off for market orders.

Byreal's cumulative trading volume surpasses $5 billion

Odaily News: On September 30, Byreal, a DEX in the Solana ecosystem, saw its cumulative trading volume surpass $5 billion. Byreal fully launched to the public on September 30, 2025, and today marks the one-year anniversary of its launch.According to previous reports, Byreal's tokenized stock xStocks trading volume exceeded $100 million in the past 30 days, making it the DEX platform with the second-highest xStocks trading volume.

UBS: Cybersecurity valuation exceeds pandemic peak, Q3 earnings must beat expectations

According to Chaoxiang Research, UBS's September 28, 2026 research report indicates that the cybersecurity sector's current market-cap-weighted enterprise value to next 12-month free cash flow stands at 62x, while enterprise value to next 12-month revenue is at 15x, both exceeding levels seen during the COVID era. Outside of CrowdStrike, Fortinet, Palo Alto Networks, and Qualys, most vendors experienced no acceleration in second-quarter revenue and billings growth, with third-quarter guidance proving broadly flat overall. Since the April 7 launch of Mythos, cybersecurity stocks excluding those four companies have risen by an average of 62%.

Goldman Sachs: Palantir's FDE moat is deeper than expected, verticalization catalyzes growth

According to research, Goldman Sachs' September 28, 2026 research report indicates that Goldman Sachs hosted an investor meeting with Palantir CFO Dave Glazer, maintaining a Neutral rating with a 12-month price target of $204, reflecting 7.6% upside. Approximately 97% of clients utilize AIP Evolve, with contracts typically spanning around three years, and clients often expand engagements roughly 18 months post-deployment. One major potential competitor withdrew from direct competition after evaluating this growth strategy. Goldman Sachs believes that Palantir's frontline deployment engineer (FDE) moat offers greater stickiness than standard FDE deployment. Competitive pressure mainly stems from internal enterprise IT, while model vendors and data platforms provide complementary positioning. The three vertical focus areas are: Financial Services, which will add a former AIG CEO; Semiconductors, partnering with NVIDIA; and Next-Gen Cloud, collaborating with Nebius. The $204 price target is based on a 60x multiple applied to free cash flow estimates for Q5 through Q8.