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U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.

Phalcon said that approximately 6 hours ago, around $3.55 million in unclaimed cross-chain funds was claimed and transferred out. The question is whether the asset owner authorized it or whether an attacker obtained the EIP-7702 authorization. On-chain data shows that the claim was submitted by address 0x24a9, with the funds originating from Tornado Cash and executed through an EIP-7702 delegation by an externally owned account. The two transactions involved $1.33 million and $2.22 million, respectively, and the authorization was valid. Previously, researcher stuckfunds.eth had contacted 0x4943 multiple times, informing them that the funds were still claimable. It remains unclear whether the owner signed voluntarily, was tricked into signing, or had their private key compromised.

According to SoSoValue, Bitcoin spot ETFs saw approximately $21.1281 million in net inflows yesterday. IBIT had the largest daily net inflow at $22.38 million, followed by HODL at $2.3286 million. FBTC recorded daily net outflows of $3.5805 million. Total net assets stood at $105.844 billion, with a net asset ratio of 6.38% and cumulative historical net inflows of $57.107 billion.

According to SoSoValue data, Ethereum spot ETFs saw total net outflows of $56,100,100 yesterday. The largest single-day outflow came from BlackRock’s ETHA, while historical net inflows reached $1.2793 billion. As of press time, total net assets stood at $1.571 billion, the ETF net asset ratio was 5.18%, and cumulative historical net inflows were $1.326 billion.

In September, 1.9119 million new A-share accounts were opened, including 1.8997 million by individuals and 12,200 by institutions. The number of individual accounts fell below 2 million for the first time, while institutional accounts remained above 10,000. On a monthly basis, the market showed a pattern of starting high, falling back, surging again, retreating, and then stabilizing or cooling. The peak was 4.9158 million in January, followed by 2.523 million in February, 4.6014 million in March, approximately 2.6 million from April through August, and a new low in September. The total for the first three quarters was 27.1259 million, almost equal to the 2025 full-year figure. The decline in September may have been due to weakening profit-making effects.

On the 10th, the U.S. NCUA proposed a stablecoin reporting framework that would add 26 data fields to the Form 5300 quarterly report for federally insured credit unions engaged in stablecoin activities, with implementation targeted for March 31, 2027. The new fields include 8 on reserve assets, 9 on key custody and control, 5 on financial exposures to issuers, and 4 on payment stablecoins held on the balance sheet. The proposal would cover 4,224 credit unions, with an estimated annual workload of approximately 794,112 hours and an average of 47 hours to complete a full quarterly report. Public comments will be solicited by December 8, and the feedback will be incorporated into the submission for approval.

The U.S. SEC has proposed revisions to the cross-trading rules under Rule 17a-7 of the Investment Company Act, restoring registered funds’ ability to cross-trade most fixed-income securities with affiliated parties, which was previously restricted by the 2020 fund valuation rule. The proposal would update pricing and oversight conditions and require funds engaging in cross trades to submit aggregated reports. The SEC chair said the move could help funds reduce trading costs in public markets. The comment period is 60 days.

ME News, October 10 (UTC+8) — According to CoinMarketCap market data, BNB has surpassed $750 and is currently priced at $750.2, up 1.4% over the past 24 hours. (Source: CoinMarketCap)

According to BlockBeats, from October 2–8, Robinhood Chain’s average daily transaction count fell to 6.2 million, while daily active users stood at approximately 322,000, down 42% and 31%, respectively, from mid-September. Weekly spot DEX trading volume was $7.45 billion, while weekly fee revenue fell 39% to $65,000. Deposits increased to $1.04 billion, stablecoin holdings reached $1.1 billion, and perpetual trading volume was $7.35 billion; there was no significant capital outflow. To stimulate trading, Wallet extended subsidies for token swaps over $0.5 through December 31.

Analysts argue that Ethereum has not lost its liquidity moat, with its reserve-asset characteristics, Layer 2 ecosystem, and institutional adoption forming long-term advantages. ETH’s valuation includes a reserve and collateral premium, with its market cap approximately 1,100 times its trailing-12-month REV. It continues to dominate DeFi TVL and on-chain RWA management, while spot ETFs and treasury holdings account for approximately 13%, and about 36% is staked. The expansion of Layer 2 and stablecoins may help mitigate the decline in market share, but without stable revenue recirculation, the sustainability of the reserve premium remains questionable.

ME News reports: Ripple disclosed two vulnerabilities in xrpld 3.4.1. First, a payment engine XRP overflow vulnerability: 64-bit summation lacked overflow checks, potentially allowing spendable XRP to be minted out of thin air. It would have required a large number of malicious offers, and no evidence of exploitation has been seen on the public network. Second, a risk involving internal validation of batch transaction encapsulation (fixBatchV1_2): activation before the issue was fixed could have caused a network outage or malformed ledgers. It has now been fixed and was activated on the mainnet on October 9, with no loss of funds or private key leaks. The overflow issue took effect with 3.4.1 on September 25 and was submitted by Cayden Liao and Veria AI, who also provided a proof of concept. Source: Foresight News.

Kalshi research shows that highly profitable traders do not come from traditional finance backgrounds; their edge lies more in skills such as probabilistic reasoning and information research. A survey was sent to 2360 accounts, yielding 325 valid responses and a 13.8% response rate. 82% had never worked full-time at an investment bank, hedge fund, private equity firm, or proprietary trading firm; 79% attended public high schools; 65% were self-taught; 91% were not full-time traders; and 42% had at least 6 months of customer service or retail experience. Their average score on the Berlin Numeracy Test was 2.42/4, compared with 0.62 for ordinary adults; 93% resisted the gambler’s fallacy, compared with 57% of the general public. Conclusion: the advantage in prediction markets comes from skills such as probabilistic reasoning rather than traditional finance backgrounds; moreover, only 6.3% live in areas with median incomes above $150,000, and the overall group is closer to middle income.

The XRP Ledger recently fixed a payment vulnerability that may have dated back to 2015. The vulnerability could bypass exchange limits through specially crafted transactions, generating and spending large amounts of XRP out of thin air and threatening the total supply of 100 billion tokens. Attackers could use multiple accounts to exchange small amounts of tokens for massive amounts of XRP and complete the transaction all at once. After researchers Cayden Liao and Veria AI disclosed the issue, RippleX reproduced it and confirmed that the generated XRP could be used in subsequent transactions. Officials said there was no evidence of exploitation on the public network, and the development team released xrpld 3.4.1 on September 25 to fix it.

Hong Kong Securities and Futures Commission CEO Julia Leung said at an ASIFMA conference that Hong Kong is studying an extension of trading hours, with the derivatives market to be rolled out first and a discussion paper on the cash market to be released in the fourth quarter. The settlement cycle is expected to be shortened to T+1, and HKEX will publish a consultation conclusions report. She disclosed that the phased bid-ask spread narrowing measures introduced last year covered 300 stocks in the first phase, narrowing spreads by 38% and reducing execution time by 26%; preliminary results from the second phase showed a further narrowing of approximately 30%. The extension of trading hours will be accompanied by measures including the settlement of tokenized money and e-HKD.

ME News, October 10 (UTC+8) — According to MyToken data, $225 million in cryptocurrency futures positions were liquidated across the market over the past 24 hours. The total amount of BTC liquidations was $71.8588 million, ETH liquidations totaled $36.9856 million, SOL liquidations totaled $9.8534 million, and XRP liquidations totaled $3.0636 million. (Source: MyToken)

ME News reported that on October 10 (UTC+8), Algorand Foundation Chief Technology Officer (CTO) Bruno Martins posted on X that after nearly four years at the foundation, he had decided to resign and begin the next stage of his career. He said he would remain a member of the Algorand community and continue supporting the network’s development. Martins did not disclose the specific reason for his departure. (Source: PANews)

Kalshi Research published “Who Trades Prediction Markets?”, analyzing 325 responses from 2,360 accounts based on administrative records and surveys. The study found that the median income in traders’ residential areas was close to the national level, with 6.3% living in areas where the median income exceeded $150,000. Among traders with the highest profits and losses, 82% had never held full-time positions in investment banking or similar fields, 91% were not full-time, and 65% had taught themselves about markets and probability. Compared with 1,005 American adults, traders scored higher on average on the Berlin Numeracy Test, and 93% resisted the gambler’s fallacy, versus 57% of the general public.

RWA.LTD showcased tokenization solutions for consumer goods redemption vouchers, loyalty points, and gift cards at TOKEN2049 in Singapore, helping brands increase repeat-purchase rates and average order values. During the event, the team connected with several leading international VCs and was invited to a Draper Dragon roadshow. The team also established partnerships with e-commerce companies, brands, and exchanges across multiple countries, and plans to expand into overseas markets and pursue technical integrations.

ME News, October 10 (UTC+8) — A survey by payment technology company Visa showed that nearly half of consumers in the Asia-Pacific region may use stablecoins within the next five years, up from the 16% who actually used stablecoins over the past year. The survey showed that only 6% of respondents accurately understood how stablecoins work, while concerns about fraud and scams remained the primary barrier to stablecoin adoption. Consumers are increasingly interested in using stablecoins for everyday purchases, travel payments, and cross-border transfers. (Source: ODAILY)

According to ME News, on October 10 (UTC+8), lithography equipment manufacturer ASML will uniformly raise the prices of replacement equipment components supplied to South Korea by 10%. The increase will cover all components for extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography equipment and will apply to shipments beginning in January next year. It said that, following the components, prices for newly ordered ASML equipment are also very likely to rise, and the company is discussing equipment price increases with major customers. The Information reported in July this year that ASML had notified Chinese semiconductor companies and others that it would raise DUV equipment prices

Following the Ledger reseller incident, Yu Xian, founder of SlowMist, argued that hardware wallets should include essential features such as self-destruction upon disassembly to prove authenticity; Mindao, founder of dForce, said that if a device self-destructs when disassembled, it would be difficult to verify that it had not been modified. At minimum, it should adopt a detachable design so users can compare it against a circuit diagram for verification. He also noted that Ledger’s official website already has a hardware integrity check guide, but it is too technical for ordinary users.