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Project Overview
Market is a decentralized money market protocol that provides instant liquidity and leverage on assets. Market aims to simplify the lending process for communities by separating the risk of each collateral type.
Tokenized Commodity Market Expands, Lending and Crude Oil Carve Out New Tracks
The tokenized commodity market capitalization has reached $5.55 billion, shifting from gold dominance to diversified applications such as lending and energy. Institutions such as Paxos and EnSub are exploring metal lending and crude oil tokenization, respectively, with the aim of establishing a broader financing network for real-world assets.
Ripple Prime Enters Leveraged ETF Financing Market
According to CoinDesk, Ripple Prime, the prime brokerage division under Ripple, has begun providing financing services for leveraged equity ETFs, charging financing fees to funds through total return swaps. This market was previously dominated by large banks and securities firms. In October 2025, Ripple acquired multi-asset brokerage Hidden Road for $1.25 billion, entering the clearing, financing, and cross-asset trading businesses. In August 2026, Ripple launched its Delta One business, offering total return swap products linked to U.S. equities, market indices, and digital assets, while maintaining over $1 billion in regulatory net capital and completing a $275 million senior notes issuance.
Anchorage Digital Cuts 17%: Dragged Down by Market Conditions, Trimming Approximately 68 Positions
Anchorage Digital has reportedly cut 17% of its workforce, affecting approximately 68 positions, primarily due to the downturn in the cryptocurrency market. Despite these downward pressures, the company secured a $100 million strategic investment from Tether.
UBS: S&P 500 P/E Ratio Down 17%, Fed's Path Determines Future Market Outlook
According to Chaoxiang Research, in a research report dated September 28, 2026, UBS noted that the S&P 500's forward P/E ratio has declined 17% from its November high last year, while the 10-year US Treasury yield has increased by approximately 100 basis points year-to-date to 5.2%, placing it roughly 80 basis points above its one-year moving average. Over the past four decades, the 10-year US Treasury yield has exceeded 1.5 standard deviations only seven times. Current market pricing implies that the Federal Reserve will implement rate hikes totaling approximately 88 basis points over the next year, falling just short of the 100-basis-point threshold. UBS maintains that the Fed's path of rate hikes will determine the direction of equity markets. Historical precedent indicates that when rate hikes surpass 100 basis points within a year, the S&P 500 yields negative returns after twelve months; conversely, following moderate rate hikes, the index averages a 17.7% gain over the same period. Current pricing more closely mirrors a moderate tightening scenario. The valuation model suggests an implied upside potential of roughly 21% for the S&P 500. In terms of asset allocation, investors are advised to focus on high-growth, low-valuation sectors, including semiconductors, pharmaceuticals, refining, and diversified banks.
Bonk Guy: Crypto Market May Be Nearing a Turning Point; If Bullish on Q4, Investors Should Actively Buy the Dip
well-known trader Bonk Guy posted that the crypto market may be nearing a turning point. In a worst-case scenario, it could still experience several more weeks of decline or consolidation before potentially entering a sustained rally. He believes that if investors are highly bullish on a token's performance in Q4, the current risk-reward ratio favors actively buying the dip; if a token is expected to break a $1 billion market cap, then the difference between buying at a $20 million or $25 million valuation may not matter much.Bonk Guy also stated that the biggest risk right now is missing the next rally due to the bearish sentiment on Crypto Twitter (CT). He advised against paying too much attention to 1-minute candles and suggested buying the dip and reducing short-term trading.
Morgan Stanley Becomes Strategic Partner of NEXTPredict, Will Explore Institutional Capital Entering Prediction Markets
According to Decrypt, Morgan Stanley has become a strategic partner of New York Prediction Market Summit NEXTPredict and will host discussions on institutional capital entering prediction markets at the event scheduled for October 22–23. Pierre Lindh, co-founder of NEXTPredict, noted that this marks the first time a bank has publicly engaged in events within this sector. The session will be moderated by Stephen Grambling, Head of US Gaming, Hotels & Leisure Research at Morgan Stanley, focusing on the opportunities for institutional funds to enter prediction markets, along with market structure and risk considerations. Currently, around 90% of liquidity and trading volume in prediction markets remains concentrated in sports contracts, though some financial institutions are beginning to explore its potential applications in market forecasting, internal forecasting, and corporate risk hedging. Morgan Stanley previously also took part in Kalshi’s $1 billion Series F funding round completed in May this year.
Jin10 Saturday Highlights: Apple Orders Up 30%, Focus Media Acquisition Approved, and Policy Updates
Apple's iPhone Duo orders have increased by 30%, and the State Administration for Market Regulation has conditionally approved Focus Media's acquisition of a stake in Chaoxin Media. Additionally, China's National Development and Reform Commission is advancing the commencement of major projects, the Reserve Bank of India has launched a special oil window, and the Stock Exchange of Thailand has revised its trading rules.
Franklin Templeton, with $1.79 trillion in AUM, explores regulatory exemptions for tokenized fund trading
Odaily News — Global investment management firm Franklin Templeton is exploring regulatory exemptions to allow tokenized money market funds and ETFs to trade through blockchain-based trading venues. On October 9, the company met with staff of the U.S. Securities and Exchange Commission (SEC) Crypto Task Force regarding legal issues including pricing, fees, and asset pools.The agenda included whether investors can exchange blockchain fund shares for tokenized National Market System (NMS) stocks through blockchain trading venues, and whether liquidity providers can charge service fees. The related issues involve pricing rules under the Investment Company Act and whether exemptions are needed.Regarding tokenized ETFs, Franklin Templeton also discussed pairing them with tokenized stocks, approved payment stablecoins, or tokenized money market funds, as well as whether liquidity pools need to obtain Investment Company regulatory exemptions. Its preliminary disclosure on September 30 listed assets under management at $1.79 trillion.Franklin Templeton's blockchain fund recordkeeping business began with the Franklin Onchain U.S. Government Money Fund launched in 2021. The BENJI token represents shares of the fund, and transferring tokens simultaneously transfers the corresponding shares, with transactions recorded and share ownership tracked by the Benji Technology Platform. (Bitcoin.com News)
Blockchain.com Applies for CFTC License to Launch Prediction Market Derivatives Business
Blockchain.com has applied to the U.S. Commodity Futures Trading Commission (CFTC) for two key licenses—Designated Contract Market (DCM) and Futures Commission Merchant (FCM)—aiming to legally conduct event contracts and cryptocurrency derivatives business and transition from third-party partnerships to an in-house platform.
Darknet marketplace Empire Market co-founders sentenced to 40 years in prison, over $100 million in BTC confiscated
According to CoinDesk, Raheim Hamilton, co-founder of the dark web marketplace Empire Market, was sentenced to 40 years in federal prison and fined $5 million for operating the platform. According to information disclosed by the U.S. Attorney’s Office for the Northern District of Illinois, Hamilton agreed to forfeit 1,230 BTC (approximately $101 million), 24.4 ETH (approximately $60,000), and three properties.
December rate hike expectations shake markets, Huobi HTX tonight’s livestream focuses on key BTC price action
According to official social media announcements, HTX will host a live stream today at 20:00 titled "Market Bets on Another Rate Hike in December: Can BTC Withstand This Wave of Shocks?". During the event, crypto KOLs including Maomaojie, AlanSun, Aiden, and Crypto.0824 will conduct an in-depth discussion on expectations surrounding Fed monetary policy, macro liquidity shifts, and recent BTC market trends. The session will focus on analyzing the potential impact of intensifying December rate hike expectations on the crypto market, along with BTC’s key support levels, long-short dynamics, and the likely trajectory of future price action under macroeconomic headwinds, providing investors with a multi-dimensional reference to gauge market trends.
Empire Market Co-Founder Sentenced to 40 Years, Agrees to Forfeit Approximately 1,230 Bitcoin
Odaily News: Raheim Hamilton, co-founder of darknet marketplace Empire Market, was sentenced to 40 years in federal prison on October 5 in Chicago and fined $5 million. His plea agreement covers approximately 1,230 Bitcoin, 24.4 Ether, and 3 properties in Virginia.Empire Market operated from 2018 to 2020, facilitating over 4 million transactions between buyers and sellers, with transaction values exceeding $430 million. Investigators seized $75 million worth of digital assets, cash, and precious metals in the case.The U.S. Department of Justice (DOJ) stated that the platform required buyers and sellers to use only cryptocurrency for transactions and encouraged the use of mixing services and encrypted communications. Buyers could also rate sellers on how well they concealed drug packages, with drug sales involved in the case approaching $375 million. (Bitcoin.com News)
Korean stock market trading volume plunges 70% from late-May peak as foreign capital exits and local retail investors retreat
Odaily News: For most of this year, South Korea has been a poster child for the global AI boom. Now, by almost every measure, Korean stocks are rapidly losing investor attention. Market trading volume has plunged 70% from its late-May peak, foreign investors are pulling out quickly, and South Korea's local retail investors are also retreating. Behind this reversal is the Korean stock market's excessive reliance on Samsung Electronics and SK Hynix.Phillip Wool, head of portfolio management at Rayliant Global Advisors, said: "I think for most investors, especially those who only recently entered the Korean market because of the memory chip trade, the biggest challenge is that the easy money in this theme has already been made." He said his fund has been taking profits on Korean AI stocks and is currently underweight SK Hynix and Samsung Electronics. Richard Tang of Bank Julius Baer said: "We are observing that capital is increasingly flowing back to US stocks, which has led to continued foreign outflows from Korean stocks. (BusinessTimes)
Analysis: Bitcoin Rebounds Above $83,000, CPI Data May Be the Next Market Catalyst
Odaily News: Bitcoin fell to $80,350 on Thursday before rebounding, climbing back above $83,000 at the Friday U.S. stock market open and subsequently fluctuating around $82,500. The rolling 24-hour cryptocurrency liquidation amount had previously exceeded $1 billion. Despite news circulating that Ledger hardware wallet users' funds were stolen, the crypto market has not yet shown significant selling pressure.Analysts suggest that before the U.S. CPI data is released on October 14, Bitcoin may remain range-bound, with the main trading range between $81,300 and $86,500, and could repeatedly test $84,000. The market is also watching whether Bitcoin can hold the key level of $82,500 before the weekly close. (Cointelegraph)
Bloomberg ETF Analyst: Lack of Breadth in US Stock Market Is Not a Cause for Concern
Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X platform that over the past 100 years, only 4% of stocks have contributed to all net wealth gains in the US market, and about half of companies have underperformed US Treasuries, so the lack of market breadth has always existed. Microsoft and Google each acquired 270 companies. He stated that these large companies are more like small nations, and investors should perhaps view the "Magnificent Seven" as the "Magnificent 700," as what currently leads the S&P 500 may be hundreds of companies.
LAPTOP drops 98% within one hour of launch, market maker-related trades net over $2.1 million in profit, Hunter Biden denies team cashed out
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.
US Treasury Volatility Index Surges as Analysts Warn Bitcoin and US Stocks May Face Volatility Risks
According to CoinDesk, volatility in the U.S. Treasury market continues to rise, while Bitcoin and U.S. stock market volatility remain at year-to-date lows. Market analysts warn that turmoil in the bond market may gradually spill over into risk assets.
Analyst: Bitcoin Breaks Above Key Cost Basis Line, Most Market Capital Now in Profit
Odaily report: Crypto analyst Darkfost posted on X with a chart, stating that compared to the end of August, the Bitcoin market trend has shown a clear shift, which can be observed from changes in the Capital Cost Basis. This metric calculates a weighted realized price based on transaction volume (USD), giving higher weight to BTC purchased at higher prices, thereby more accurately reflecting the actual cost of market capital.Data shows that at the end of August, BTC was still struggling near this key level, but Bitcoin has now closed above the capital cost basis of approximately $80,400 for several consecutive weeks. This means that most of the capital invested in the market is now in slight profit. As investor positions gradually turn profitable, market stability is strengthening by the day, which is a positive signal for the current BTC consolidation phase.
Analysis: Bitcoin Rebounds Above $83,000, CPI Data May Be the Next Market Catalyst
Odaily News: Bitcoin fell to $80,350 on Thursday before rebounding, climbing back above $83,000 at the Friday U.S. stock market open and subsequently fluctuating around $82,500. The rolling 24-hour cryptocurrency liquidation amount had previously exceeded $1 billion. Despite news circulating that Ledger hardware wallet users' funds were stolen, the crypto market has not yet shown significant selling pressure.Analysts suggest that before the U.S. CPI data is released on October 14, Bitcoin may remain range-bound, with the main trading range between $81,300 and $86,500, and could repeatedly test $84,000. The market is also watching whether Bitcoin can hold the key level of $82,500 before the weekly close. (Cointelegraph)
Lido Lend Lending Market Proposed, Pending Lido DAO Vote
Odaily News: Lido is developing a decentralized lending market called Lido Lend, which is built on a modified fork of Morpho Blue, adopts an isolated lending market design, is proposed to be governed by Lido DAO, and is pending a governance vote for approval. Lido Lend is limited to blue-chip assets, encourages price-correlated trading pairs such as stETH/ETH, and provides a deposit screening mechanism to guard against bad collateral. Lido stated that Lido Lend is not a general-purpose pool-based lending solution but is aimed at professional borrowers and risk-averse lenders; currently, stETH staking scale exceeds $25 billion, with no major security incidents since launch.
Aave Founder: Following Up on MetaMask Incident with Lido, Aave Market Currently Normal
Aave founder Stani stated on X that the team is tracking the developments of the MetaMask staking infrastructure security incident in collaboration with Lido. Stani noted that so far, the Aave market has not been affected by the incident, and all operations remain fully operational.
Kazakhstan's Regulated Crypto Market Surpasses $10 Billion, Web3 Ecosystem Ranks Among Global Top 10
As reported by Astana Times, Kazakhstan's regulated cryptocurrency market recorded a trading volume of $10.58 billion in 2025, marking a significant surge from $320 million in 2023, while the number of users increased from 53,000 to 215,000. At the same time, Kazakhstan ranked within the global top 10 for submission numbers to the International Solana Hackathon, with over 8,000 individuals completing training through the Solana ecosystem and more than 2,000 earning certificates. Additionally, 57 Web3 startups in the country have already received a combined total of approximately $262,000 in funding, and plan to complete the tokenization of real estate and logistics projects valued at up to $60 million by the end of 2026, exploring the feasibility of digital assets as a new channel for economic financing.
74% drop after SILV incident, sunrise warns users not to interact with tokenized silver asset issued by Dominion_Market
According to SolanaFloor monitoring, sunrise has warned users not to interact with SILV, the tokenized silver asset issued by Dominion_Market, after a previous attack led to the compromise of Dominion's treasury wallet, causing SILV to drop 74% following the incident.
Solana Automated Market Maker Aquifer Hacked, Loses Approximately $2.5 Million
Aquifer, an automated market maker within the Solana ecosystem, suffered losses of approximately $2.5 million after its wallet addresses were compromised. The incident appears to stem from leaked wallet credentials rather than a smart contract vulnerability. The attackers operated across multiple blockchains, including Ethereum and Solana, suggesting potential cross-chain fund transfers. As of now, the specific cause of the wallet access breach and the progress of asset recovery remain unclear.
Pyth DAO Approves "100% Rule": All Future Product Revenue to Be Used for Open Market PYTH Buybacks
oracle network Pyth Network has released its Q3 business report, stating that as of the end of September, its active annual recurring revenue (ARR) reached $11.49 million, up 86.5% from the previous quarter, with net new ARR of $5.33 million in Q3.On the exchange side, the trading volume of real-world asset (RWA) perpetual contract markets powered by Pyth data reached $2.09 trillion in Q3, accounting for 94.1% of the total volume in related markets. In prediction markets, Pyth has provided data support for platforms such as Kalshi and Polymarket. Among them, Kalshi listed Pyth as the data source provider for its gold and silver perpetual contract markets in relevant regulatory filings. In the AI sector, Pyth is testing financial data infrastructure for AI agents with Exa, providing real-time prices, historical data, and candlestick data to enable AI systems to incorporate market information into analysis and decision-making.Additionally, Pyth DAO approved the "100% Rule," under which all future revenue the DAO receives from Pyth products will be used for open market buybacks of PYTH tokens. Compared to the previous practice of using only one-third of non-PYTH asset balances for buybacks, the allocation ratio has been increased threefold.
Ondo Private Markets Launches OpenAI Private Market Notes, Supporting 24/7 On-Chain Trading Without Waiting for an IPO
According to official announcements, Ondo's Ondo Private Markets announced that the OpenAI Private Markets Note is now listed for trading on the Ondo Perps spot orderbook.
IMF: Tokenization Market Development Faces Four Major Constraints Including Legal, Regulatory, and Interoperability Issues
According to the analytical section of the latest Global Financial Stability Report published by the International Monetary Fund (IMF), while the tokenized asset market is growing rapidly, its current scale remains small and highly fragmented. The full realization of its potential is primarily constrained by four factors: legal certainty, regulatory clarity, cross-platform interoperability, and the availability of safe settlement assets. Data shows that tokenization activities are currently concentrated in the repurchase agreement market, with an average daily trading volume of approximately $300 billion to $350 billion, which remains in its early stages compared to the scale of traditional finance.
Lido Lend Lending Market Proposed, Pending Lido DAO Vote
Odaily News: Lido is developing a decentralized lending market called Lido Lend, which is built on a modified fork of Morpho Blue, adopts an isolated lending market design, is proposed to be governed by Lido DAO, and is pending a governance vote for approval. Lido Lend is limited to blue-chip assets, encourages price-correlated trading pairs such as stETH/ETH, and provides a deposit screening mechanism to guard against bad collateral. Lido stated that Lido Lend is not a general-purpose pool-based lending solution but is aimed at professional borrowers and risk-averse lenders; currently, stETH staking scale exceeds $25 billion, with no major security incidents since launch.
AIA Lists on Bithumb's Korean Won Market, Launches USDC Staking with Up to 50% Incentives AIA
Odaily News: According to official sources, DeAgentAI's $AIA will be listed on Bithumb's Korean won market with a new AIA/KRW trading pair, expected to open for trading on October 8 at 13:00 (UTC+8). Meanwhile, DeAgentAI has launched a $AIA principal-protected staking program, where participants stake with USDC and receive the full equivalent amount of USDC back upon maturity according to the rules, while additionally earning AIA rewards of up to 50% of the actual staked amount during the staking period.The staking program offers three pools: Ultra, Boost, and Fast, with total AIA rewards over a 12-month period amounting to 50%, 40%, and 35% of the actual staked amount, respectively. The first rewards will be distributed in lump sums at the end of the 3rd, 2nd, and 1st month after the respective fundraising periods conclude, with subsequent rewards distributed automatically on a monthly basis, allowing participants to choose between higher rewards and earlier payouts.The current staking cap is 500,000 USDC, with a minimum of 350 USDC per transaction, available on a limited first-come, first-served basis. Participation requires going through the official page, using USDC on BNB Chain to purchase and stake AIA. The originally purchased and staked AIA will not be separately returned upon maturity.
Bithumb to List PONS Token on Korean Won Market
According to an official announcement, South Korean crypto exchange Bithumb will list the PONS token on its Korean won market, with trading expected to open at 15:00 local time.
Related news
Korean stock market trading volume plunges 70% from late-May peak as foreign capital exits and local retail investors retreat
Odaily News: For most of this year, South Korea has been a poster child for the global AI boom. Now, by almost every measure, Korean stocks are rapidly losing investor attention. Market trading volume has plunged 70% from its late-May peak, foreign investors are pulling out quickly, and South Korea's local retail investors are also retreating. Behind this reversal is the Korean stock market's excessive reliance on Samsung Electronics and SK Hynix.Phillip Wool, head of portfolio management at Rayliant Global Advisors, said: "I think for most investors, especially those who only recently entered the Korean market because of the memory chip trade, the biggest challenge is that the easy money in this theme has already been made." He said his fund has been taking profits on Korean AI stocks and is currently underweight SK Hynix and Samsung Electronics. Richard Tang of Bank Julius Baer said: "We are observing that capital is increasingly flowing back to US stocks, which has led to continued foreign outflows from Korean stocks. (BusinessTimes)
Jin10 Saturday Highlights: Apple Orders Up 30%, Focus Media Acquisition Approved, and Policy Updates
Apple's iPhone Duo orders have increased by 30%, and the State Administration for Market Regulation has conditionally approved Focus Media's acquisition of a stake in Chaoxin Media. Additionally, China's National Development and Reform Commission is advancing the commencement of major projects, the Reserve Bank of India has launched a special oil window, and the Stock Exchange of Thailand has revised its trading rules.
Tokenized Commodity Market Expands, Lending and Crude Oil Carve Out New Tracks
The tokenized commodity market capitalization has reached $5.55 billion, shifting from gold dominance to diversified applications such as lending and energy. Institutions such as Paxos and EnSub are exploring metal lending and crude oil tokenization, respectively, with the aim of establishing a broader financing network for real-world assets.
Bernstein: SpaceX Buys Spectrum, Low-Band Cuts Sites by 30%, Benefiting Tower Companies
According to Chaoxiang Research, a Bernstein research report dated October 8, 2026, indicates that SpaceX has reached a final agreement with Grain Management to acquire its 800MHz spectrum portfolio. Low-band spectrum can reduce macro site demand for terrestrial networks by approximately 30%. Greenfield construction costs, including spectrum, range from $50 billion to $130 billion, while excluding spectrum they amount to approximately $15 billion to $80 billion, corresponding to roughly 30,000 to 120,000 macro sites. Bernstein maintains an Outperform rating on American Tower and Crown Castle, a Market Perform rating on SBA Communications, and an Outperform rating on SpaceX, with respective target prices of $214, $96, $219, and $248.
Franklin Templeton, with $1.79 trillion in AUM, explores regulatory exemptions for tokenized fund trading
Odaily News — Global investment management firm Franklin Templeton is exploring regulatory exemptions to allow tokenized money market funds and ETFs to trade through blockchain-based trading venues. On October 9, the company met with staff of the U.S. Securities and Exchange Commission (SEC) Crypto Task Force regarding legal issues including pricing, fees, and asset pools.The agenda included whether investors can exchange blockchain fund shares for tokenized National Market System (NMS) stocks through blockchain trading venues, and whether liquidity providers can charge service fees. The related issues involve pricing rules under the Investment Company Act and whether exemptions are needed.Regarding tokenized ETFs, Franklin Templeton also discussed pairing them with tokenized stocks, approved payment stablecoins, or tokenized money market funds, as well as whether liquidity pools need to obtain Investment Company regulatory exemptions. Its preliminary disclosure on September 30 listed assets under management at $1.79 trillion.Franklin Templeton's blockchain fund recordkeeping business began with the Franklin Onchain U.S. Government Money Fund launched in 2021. The BENJI token represents shares of the fund, and transferring tokens simultaneously transfers the corresponding shares, with transactions recorded and share ownership tracked by the Benji Technology Platform. (Bitcoin.com News)
Blockchain.com Applies for CFTC License to Launch Prediction Market Derivatives Business
Blockchain.com has applied to the U.S. Commodity Futures Trading Commission (CFTC) for two key licenses—Designated Contract Market (DCM) and Futures Commission Merchant (FCM)—aiming to legally conduct event contracts and cryptocurrency derivatives business and transition from third-party partnerships to an in-house platform.