News linked to this event type.
Odaily reports: NBA superstar LeBron James' $15 million annual endorsement deal with prediction market platform Polymarket has drawn public attention. There is currently no evidence that the partnership violates NBA rules. James is only an endorser, not an investor, and the partnership will focus on non-NBA markets such as soccer. Therefore, this is not a similar situation to the previous salary cap violation incident involving Los Angeles Clippers player Kawhi Leonard.However, this partnership highlights the increasingly complex commercial relationship between professional sports and prediction markets. The NBA can regulate player salaries, but it is difficult to constrain players' off-court business ties with related companies. Especially when players' own information may affect prediction market trading, how to distinguish legitimate endorsements from potential conflicts of interest has become a new challenge facing the league.Previously, the Clippers were found to have violated salary cap rules by arranging additional income for Leonard through companies affiliated with the team, and were fined $30 million, penalized with the loss of multiple future first-round draft picks, and had relevant personnel suspended. By contrast, James' partnership with Polymarket does not involve similar violations. But as the connections between players, teams, investors, and prediction market platforms deepen, the traditional boundaries of sports business are being tested. (The New York Times)
According to a press release from the Hong Kong Special Administrative Region Government, the Secretary for Financial Services and the Treasury, Edward Yiu, attended a policy briefing session for the Legislative Council Panel on Financial Affairs. Regarding the policy measures of the Department of Financial Services and the Treasury under Hong Kong’s first five-year plan, he stated that an ordinance amendment bill would be submitted later this year to establish a licensing regime for virtual asset trading, custody, advisory, and management services. Additionally, the Hong Kong Gold Central Clearing and Settlement System will officially launch in the first quarter of next year, and HKEX will publish the details of a new gold futures contract priced and physically settled in Renminbi within this year.
According to Reuters, Revolut has become Europe's most valuable startup, with a current private market valuation of $115 billion, surpassing UK-based Barclays and France's Société Générale. In 2025, it recorded a pre-tax profit of £1.7 billion (around $2.2 billion), reflecting rapid year-on-year growth. The company currently serves 80 million customers and is actively expanding into markets such as Mexico and Australia while continuously securing new licenses. However, Revolut continues to face several challenges: revenue per customer remains well below that of traditional banks, and its lending portfolio is comparatively small (with a loan-to-deposit ratio of just 6%, far below HSBC's 55%); it faces stiff competition in the United States; moreover, it was previously penalized by Lithuanian authorities for anti-money laundering violations and recently suffered a customer data breach. Analysts emphasize that boosting primary account usage and scaling its lending business will be the central focus for Revolut's next phase.
Zcash 倡导组织 PGPZ 正式聘请 Divij Pandya 担任首位说客，旨在向华盛顿推进《数字资产市场清晰度法案》及加密税改提案。
美国社区银行家协会（ICBA）提起诉讼，挑战 OCC 批准加密货币企业发放国家信托执照的权力。ICBA 指责此举构成“侧门银行”，让加密公司规避了 FDIC 和资本要求等核心义务。
特朗普宣布成立协调联邦 AI 政策的“超级人工智能部队”，由前 SEC 主席杰伊·克莱顿牵头；克莱顿曾在任内严厉监管加密行业并起诉 Ripple。
Odaily reports: US Securities and Exchange Commission (SEC) Chair Paul Atkins stated that the SEC will continue advancing regulation of cryptocurrencies and digital securities, and will introduce more rules to ensure the digital asset market stays in the United States.On October 2, Paul Atkins said the SEC's proposed crypto asset custody regulatory framework aims to update rules established in 1940 that only apply to traditional asset custody and safekeeping. The move comes after the US Senate failed to pass the CLARITY Act last month.He noted that the framework is part of the SEC's efforts to build a comprehensive crypto asset regulatory system starting in 2025, following earlier proposals including Regulation Crypto Assets and the Innovation Exemption, the latter of which would establish a 5-year sandbox allowing US equities to be traded on decentralized exchanges and with liquidity providers.John Reed Stark, former head of the SEC's Office of Internet Enforcement, believes the regulatory push exceeds the SEC's authority and bypasses congressional power. Paul Atkins stated that more regulatory proposals are coming and that he will continue to assist President Trump in promoting the US as the global capital of cryptocurrency. (Bitcoin.com News)
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 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)
Odaily reports: Greenfield Capital, an early investor in Safe, has published an open letter stating that it has filed a regulatory complaint with the Swiss Federal Foundation Supervisory Authority (ESA) regarding the Safe Ecosystem Foundation. Greenfield Capital stated that it has never sold any SAFE tokens since investing in Safe in 2022, but the total assets held in Safe accounts have declined from approximately $6.6 billion at the beginning of 2024 to about $3 billion. Over the same period, total DeFi TVL grew by roughly 40% and stablecoin supply increased by 135%, while stablecoins within Safe grew by only 11%. The firm believes that Safe's share of the self-custody market is declining.Greenfield Capital stated that about a year ago, it was unable to form a reliable judgment based solely on information provided by the Safe team, so it conducted an independent review together with former employees, major users, ecosystem developers, and other investors, and concluded that the issues identified all ultimately related to governance. The firm had previously requested refreshing the foundation's board of directors with experienced and independent members, restructuring management and bringing in operators with experience scaling infrastructure businesses, and having the board lead a review of strategy, product, organizational structure, and tokenomics while setting quantifiable key performance indicators. Greenfield Capital said that since late 2025, it has made these requests to the foundation both directly and through legal counsel, but the foundation only established a strategy committee without decision-making authority and appointed people from existing circles to fill board vacancies, which ultimately led to the filing of the regulatory complaint with ESA. The firm emphasized that this action is not a lawsuit against individuals and that it does not intend to take over Safe; its concerns are limited solely to foundation governance and board composition. It remains positive about the work of the Safe Labs operating team and will continue to cooperate as an ecosystem participant and Safenet validator.
Greenfield Capital has filed a complaint with the Swiss federal foundation regulator ESA regarding governance issues at the Safe Ecosystem Foundation, alleging that Safe Foundation directors instructed personnel to hand over a substantial amount of SAFE tokens following the Bybit hack, and threatened to force Gnosis to sell its holdings—which account for approximately 10% of the total SAFE supply—and sever ties with Safe.
Next week's macroeconomic calendar indicates that China will release September foreign exchange reserves and the year-on-year growth rate of M2 money supply on Wednesday and Friday, respectively; multiple key U.S. data releases, including PMI, ADP employment, and EIA crude oil inventories, will follow sequentially; additionally, the Federal Reserve will publish the minutes of its September monetary policy meeting on Thursday.
Odaily reports: Cross-chain swap service Near Intents announced that the $3.8 million in funds stolen in a previous exploit has been fully returned, and the team has closed its investigation. Near Intents General Manager Alex Shevchenko had previously issued a 48-hour return deadline to the attacker, providing Bitcoin, BNB, Ethereum, and Solana addresses.The attacker acknowledged wrongdoing in an on-chain message, stating that all funds had been returned and urging others to report issues through the bug bounty program. The incident stemmed from a vulnerability in the interaction between its Omni deposit and withdrawal layer and the main smart contract. Near Intents had suspended services and promised full compensation to users. (Decrypt)
Despite the U.S. Senate shelving the Clarity Act, cryptocurrency M&A activity has still hit a record high. Deal parties are assessing the actual impact of regulatory uncertainty on existing transactions.
The White House has established an AI ad hoc task force led by Clayton, which will draft an AI risk assessment report within 120 days; Trump is simultaneously advancing midterm election campaign support and Daylight Saving Time legislation.
Odaily reports: The International Monetary Fund (IMF) has completed the second and third reviews of El Salvador's 40-month Extended Fund Facility, approving an immediate disbursement of approximately $138 million under the $1.4 billion financing program. Despite some performance criteria not being met, the IMF granted waivers based on corrective measures and recommitments.The IMF stated that El Salvador will continue to reduce state involvement in Bitcoin-related activities, strengthen crypto asset regulation, governance, and transparency of public sector crypto asset holdings, and will not accumulate additional Bitcoin beyond already recorded donations. The majority stake and operational control of the government's Chivo Bitcoin wallet have been transferred to a private operator. (Cointelegraph)
The IMF Board completed its review, approved the disbursement of approximately $138 million to El Salvador, and granted a waiver for the country's violation concerning its overpurchase of Bitcoin.
Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission, said that regulatory agencies already possess substantial existing statutory authority. While participating in the work of the President's Working Group on Digital Asset Markets, he has studied statutory authorizations and legislative-level authorities, and will continue to issue regulatory rules in the crypto sector based on existing regulatory authority to prepare for the development of new areas in finance.
Odaily reports: Brazil's presidential election will be held on October 4, and the result could influence the country's crypto policy direction (Brazil ranks first globally in crypto adoption). Incumbent President Lula is facing off against former President's son Flavio Bolsonaro. If incumbent President Lula is re-elected, regulation and compliance requirements are expected to be strengthened, and the central bank has already tightened oversight of exchanges; he may also push for taxation of stablecoin transactions (previously shelved due to the election). If former President's son Flavio Bolsonaro wins, his crypto stance is unclear, and there is no record indicating he has ever mentioned cryptocurrency. However, he previously defended someone associated with the "Bitcoin Pharaoh" pyramid scheme. (Bitcoin.com News)
According to a report in Caijing magazine, Zhang Ming, Deputy Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, and other experts have advocated exploring the tokenization of dim sum bonds in Hong Kong as a priority asset direction worthy of development in the era of HKD stablecoins. Dim sum bonds combine the internationalization of the RMB, Hong Kong’s regulatory advantages, national asset allocation requirements, and the attributes of an offshore RMB and standardized financial instrument, alongside internationalized issuers and standard fixed-income asset features. Aligning with the global RWA (Real-World Assets) tokenization trend, they represent a crucial breakthrough avenue for Hong Kong’s digital finance sector and are well-suited to serve as premium underlying assets for an HKD stablecoin ecosystem. Whether a stablecoin ecosystem can generate long-term demand hinges not on “who issues,” but on “which assets can be purchased, settled, and allocated.”