News linked to both this project and an event.
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.
In a CNBC interview, U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig stated that there will be no "race to the bottom" on leverage. The CFTC will apply the mature margin models and risk control measures long used in derivatives markets to uphold market integrity to the crypto market.
Hunter Biden on Wednesday released a forensic report produced by Groom Lake regarding the LAPTOP Meme coin launch, and called out the anonymous market maker involved in the issuance, stating that "the market maker who botched the launch should buy back all the tokens and burn them."The report shows that a wallet possibly controlled by "Market Maker 1" received $500,000 before the launch, but only deployed approximately $5,200 at launch, accounting for about 1%. All liquidity providers combined contributed fewer than 30,000 LAPTOP tokens to the main pool, representing only about 0.003% of the initial 1 billion token supply.The extremely low initial liquidity made LAPTOP's price highly susceptible to being moved by small trades. According to the report, a single $6 buy order could push the quote up by approximately 5%. Combined with high-frequency early trading and liquidity fluctuations, this led to extreme price volatility on launch day.Biden stated that "the biggest winner in this launch was the market maker." The report further supplements previous explanations regarding the failed launch. Last month, the project team attributed the price anomalies primarily to sniper bots and insufficient liquidity.Notably, as of October 7, the 300 million founder tokens held by the project team had still not been transferred. The core of the current controversy remains focused on the market maker's launch execution, liquidity allocation, and whether it improperly profited from the extreme volatility.
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.
Illia Polosukhin stated that as on-chain tools expand, users no longer need centralized exchanges for many crypto activities. near.com integrates cross-chain spot trading, tokenized stocks, yield products, and perpetual contracts into a single interface, and plans to add more fiat-related features, including bank withdrawals, tax transaction records, and selective disclosure for confidential transactions. NEAR has partnered with Monerium to support users in converting between euros in bank accounts and EURe via IBAN, with the ultimate goal of enabling NEAR Intents to support "any asset to any asset" swaps. After integrating Ondo Finance in September, near.com already offers tokenized stocks and plans to add stocks from more global markets; NEAR's Agent Market allows users to describe their needs in natural language, with the platform finding agents capable of executing the task, and funds will be released after the task is completed and verified.
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.
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 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)
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.
Bonk Guy posted on X platform stating that Super Inu (SI) surpassed 60,000 holders within one week of launch, with over 30,000 new holders added in a single day. On-chain trading volume exceeded $110 million over the past two days, with cumulative on-chain trading volume of approximately $163 million over the past 7 days. Bonk Guy also noted that no other Meme coin has achieved similar data in this cycle or over the past year.Regarding the SI price decline, Bonk Guy added that SI's market cap had previously risen from $3 million to $70 million and is currently undergoing a very healthy pullback. He believes that a $100 million market cap could become the next target of focus and is optimistic about its future performance.According to GMGN data, SI's market cap is currently at $34.46 million, down over 22% in 24 hours.Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has submitted two proposed rules to the White House Office of Management and Budget (OMB): one would formally classify event contracts traded on platforms such as Kalshi, Polymarket, Crypto.com, and Robinhood under the regulatory definition of "swaps"; the other would explicitly exclude casino-style gambling products from the swaps category. This move aims to respond to recent federal court rulings—the Sixth and Eighth Circuits both ruled that Kalshi's sports-related contracts do not qualify as swaps and should be subject to state gambling regulations, while the Third Circuit upheld the CFTC's jurisdiction over prediction markets. With conflicting rulings across the circuits, the matter may ultimately need to be resolved by the U.S. Supreme Court. Currently, the CFTC comprises only one commissioner, Chair Mike Selig, with all related decisions made solely by him.
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.
Odaily News: DeFi protocol Sentora has initiated an ARFC proposal to operate an independently curated lending market on Aave V4. The initial deployment will be on Ethereum, supporting stablecoin lending such as RLUSD, PYUSD, and OUSD, with Aave DAO receiving 50% of the revenue from this instance.The Aave DAO governance short-term executor will retain structural ownership of the instance and hold the management roles for all hub-and-spoke contracts, configurators, and the native AccessManager.
Bitcoin Treasuries posted on X that The Smarter Web Company has launched the inaugural offering of its Bitcoin-backed preferred shares MORE to institutional and retail investors, with an expected listing on the Main Market of the London Stock Exchange on October 14. The initial offering price is £90, approximately $119, with an annual dividend yield of 12%, paid weekly.
Odaily News: The European Securities and Markets Authority (ESMA) has updated the MiCA register, with BCash, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank becoming the first batch of Greek crypto asset service providers to be included. The register added 6 institutions from Germany, France, and Slovenia, bringing the total number of registered institutions to 359.The Hellenic Capital Market Commission (HCMC) is responsible for supervising the first three institutions, while the Bank of Greece oversees Piraeus Bank. The HCMC denied that its officials had communicated with European Central Bank (ECB) officials regarding Binance's Greek MiCA application, and also denied making any statements about Lagarde intervening in the application; Binance withdrew its application on June 24. (Cointelegraph)
According to an analysis released by Adam, a macro researcher at Greeks.live, the current crypto market has entered a correction phase. Options data shows that block put options now account for one-third of trading volume. The implied volatility (IV) across all major tenors has declined slightly compared to the previous two weeks, with no significant increase observed during the recent price rally, and has now fallen back to approximately 35%.
Odaily reports: Josh, Vice President of prediction market Polymarket, stated on X that the team is fully developing a Rust-based full central limit order book (CLOB), and the current CLOB is the root cause of most of the platform's issues.According to the plan, October will see the completion of the full order lifecycle process in the testing environment, including trading, settlement, on-chain interactions, indexer, and engine notifications; in November, all production traffic will be mirrored to the new trading cluster and results will be compared with the existing system. At the same time, testing access will be opened to market makers, and the migration and switchover plan will be finalized, with two full drills completed before the official switchover. Josh also stated that if progress goes smoothly, the new system will be officially launched afterward, and the migration is expected to require no changes or only minimal changes for market makers and developers.
In pre-market analysis, trader degentrading (@degentradingLSD) highlights the following key market signals: • Macro: The 10Y yield has risen to 5.2% and the 30Y to 5.5%, nearing historical peaks. The South Korean stock market opened down 2.5%, with the memory and semiconductor sectors (SK Hynix, Samsung, MU, SNDK) broadly declining 2%–5%. Price action is expected to remain volatile ahead of MU's earnings report. • Next-Generation Cloud Computing: Project payback periods for compute infrastructure have fallen below one year. Market perception is shifting, and rapid revaluation of the new cloud sector is anticipated. Power supply bottlenecks are also gaining prominence. • Tech Stocks: META is trading lower in pre-market. Monitor for accumulation opportunities at the $690 support level or a breakout above all-time highs. If the broader hyperscale data center sector breaks out, META, MSFT, and peers could undergo paradigm-level repricing. • Crypto Markets: Broad weakness across major and alt coins, with BTC potentially testing the $82K support level. Risk capital was freed last week by trimming TAO and DOGE, and taking profit on CRDO. Since crypto sentiment typically remains positive during KBW week, the strategy this week centers on identifying short-term bullish setups.
Bloomberg Intelligence Senior Commodities Strategist Mike McGlone (@mikemcglone11) noted that the Market Vector Digital Assets 100 Index (MVDA) has ceased outperforming the Nasdaq 100 Index (NDX) since the launch of Bitcoin futures in 2017. Although MVDA volatility is approximately three times that of the NDX, performance has remained flat over the past decade, and its positive correlation with the NDX fails to provide effective portfolio diversification benefits. McGlone stated that the approval of U.S. Bitcoin spot ETFs and the policy shift ahead of the 2024 Trump election may already mark a local peak for the crypto market, with a low probability of further upside. Approximately two-thirds of the MVDA's constituents consist of Bitcoin.
Galaxy Research stated that the U.S. Commodity Futures Trading Commission (CFTC) this week issued guidance on "Mention Markets," which involve prediction markets tied to individual statements, event attendance, and interactions. The agency noted that unlike traditional event contracts such as whether the Federal Reserve will raise interest rates, where individuals cannot easily control the outcome, mention markets settle on the autonomous behavior of specific individuals—for example, "whether Musk will mention Bitcoin on the next SpaceX earnings call"—and therefore carry higher manipulation risk. The CFTC's Division of Market Oversight (DMO) believes that such markets should be presumed to be "susceptible to manipulation" and requires exchanges to assess them across four dimensions: independent constraints controlling the individual, external pressure risks, independent verification and public scrutiny, and trading rules and surveillance measures.Galaxy Research noted that the guidance does not constitute binding rules and does not prohibit exchanges from listing mention markets. However, even when the above criteria are met, it remains difficult to fully address the manipulation risk arising from individuals voluntarily triggering market outcomes without economic incentive, and the First Amendment also limits regulators' ability to impose prior restraints on individual speech.