MeNews

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.

ME News reported on October 6 that Strategy founder Michael Saylor posted on X that Bitcoin can serve different types of investors: BTC provides direct ownership, MSTR amplifies Bitcoin exposure, and STRC offers income opportunities, with its 30-day volatility lower than that of every stock in the Magnificent 7. Saylor also said that digital capital is the foundation of digital equity and digital credit.

ME News: Tom Lee posted on X, stating that after entering the bull market cycle, ETH fell 10% in the first nine months of 2026, while BMNR’s share price fell only 3%, outperforming by approximately 731 basis points; BMNR repurchased 21 million shares in 2026; since Q3 2026, ETH has outperformed the S&P 500 by 6,832 basis points. Source: ODAILY

ME News reported on October 6 (UTC+8) that a community user posted that CZ stated on September 16, 2026, “Every dip is an opportunity” (每次回调都是机会), when the price of Bitcoin was approximately $75,800. In response, CZ said: “The post at the time was purely coincidental, only slightly higher than

The U.S. CFTC issued proposed rules for CTX/CAM: Providing retail customers with margin, leverage, and similar services must be intermediated by a futures commission merchant, and FCMs must satisfy requirements for customer asset segregation and capital, as well as comply with anti-money laundering obligations. CAMs would implement proof-of-reserves requirements for exchanges holding assets in omnibus accounts. If assets are delivered to an external, non-custodial wallet within 28 days, this generally qualifies as actual delivery. The agency is also studying long-term regulation for developers who only publish software and do not accept orders or custody assets, and will list BTC/ETH/SOL/XLM/XTZ/XRP and others as examples of digital commodities, with classification to be coordinated with the SEC.

Anchorage Digital announced a global expansion, extending U.S. dollar accounts for qualified institutional clients from Anchorage Digital Bank N.A. to Anchorage Digital Singapore, and integrating U.S. dollar accounts, digital asset custody, global SWIFT wire transfers, and 24/7 settlement on a single platform. Source: ChainCatcher.

Cronje stated that NFTs are not merely JPEG wrappers. Flying Tulip’s initial issuance of perpetual options takes the form of ERC-721 tokens, containing FT tokens and the right to redeem the principal if the project’s direction is misaligned, providing downside protection while preserving upside exposure. Users can trade FT on the secondary market or buy PUTs in the perpetual options market, where cumulative trading volume has exceeded $5 million. Cronje believes NFTs can enable more rational designs for a broader range of financial and non-financial instruments.

North Carolina Democratic Representative Davis introduced the “Ban Betting on Your Own Election Act,” which would prohibit federal office candidates from participating in prediction market contracts tied to their own elections. Violators would face a fine of $10,000 or three times their net proceeds, whichever is greater. The move stems from the settlement and fine imposed on opponent Buckhout over related trades, as well as the platform’s three-year ban against Buckhout. The bill is highly unlikely to pass before this election.

ME News reports that on October 6 (UTC+8), prediction market data showed “Falcons vs. Saints” reached $1.6M in trading volume over the past 24 hours, with market participation increasing significantly.

ME News reports that over the past three years, Bitcoin has gained approximately 225% cumulatively, compared with about 109% for the Nasdaq, but BTC’s gains were highly concentrated in a very small number of trading days. Excluding the best 5, 10, or 15 days, BTC’s cumulative return falls to 95%, 27%, and a loss of 11%, respectively; the Nasdaq still returns 21% after excluding its best 15 days. The author notes that fewer than 0.5% of trading days are enough to significantly reduce BTC’s returns, and that the best trading days are difficult to predict reliably.

Ansem said on X that Bitcoin failed to reach a new high relative to gold during the previous cycle. If BTC is the best form of digital hard money, the gap between the two will narrow, and the rationale for governments to include it on their balance sheets will also strengthen. Gold is worth approximately $30 trillion, while BTC is worth approximately $1.7 trillion. The current environment is more similar to the DeFi expansion of 2020–2021, with emerging verticals such as stablecoins and tokenized stocks bringing new capital, products, and speculation to drive this cycle.

ME News, October 6 (UTC+8), the Bloomberg Billionaires Index showed that Elon Musk’s net worth increased by $65 billion on Monday to $1.04 trillion, making him a trillionaire again after a three-month absence. His wealth growth was mainly driven by the rising value of his holdings in SpaceX and Tesla; since October, SpaceX’s share price has risen 13%, while Tesla’s has increased 6.7%.
Musk became the world’s first trillionaire in June this year after SpaceX completed a record-breaking IPO, but the company’s share price subsequently fell amid concerns that its valuation was too high, causing him to quickly lose that status. By late July, Musk’s wealth had declined by more than $600 billion from its peak.
Market expectations for both companies have improved recently. SpaceX’s share price has rebounded 58% from its August low,

The CFTC has initiated rulemaking and plans to establish a “Crypto Asset Market” registration category through Regulation CTX and Regulation CAM, providing eligible platforms with a pathway to offer retail leveraged and margin spot trading under federal oversight while standardizing regulatory requirements. This would create a compliance pathway for exchanges operating under state licenses, but without congressional authorization, the regulator cannot require all crypto assets to be registered with the CFTC. Overall, the CFTC is using its existing authority to establish a federal framework, with the question of whether a nationwide unified pathway will exist to be determined after Congress enacts legislation.

ME News, October 6 (UTC+8) — According to CoinMarketCap market data, BTC has broken above $86,000 and is currently priced at $86,002, up 0.9% over the past 24 hours. (Source: CoinMarketCap)

ME News, October 6 (UTC+8) — The Federal Reserve Bank of New York has begun visiting JPMorgan Chase, Wells Fargo, Barclays, and Morgan Stanley to review their lending to and risk exposure from private credit firms. The review was partly prompted by JPMorgan Chase’s March move to write down a large number of loans in its private credit portfolio, particularly loans to software companies threatened by artificial intelligence. (Source: ChainCatcher)

Economist Rickards says gold could reach $10,000 sooner, with continued central bank purchases supporting the floor. A stronger dollar does not necessarily mean currency debasement. He predicts gold will reach $10,000 by mid-2027. He remains skeptical of Bitcoin, calling stablecoins the most dangerous global risk. He also discussed the 1998 LTCM bailout, yen carry trades, leverage in private credit, AI risks, and a possible Federal Reserve rate hike in September.

ME News reported that on October 6, Aave enabled LlamaRisk as a delegate for Pendle collateral on the Plasma network. The delegate can adjust pricing and lending parameters. The current supply of related tokens is approximately $36.72 million, and adjustments are subject to fixed step sizes and cooldown periods. Plasma is a Layer 1 designed for stablecoin payments, Pendle is a yield trading protocol, and LlamaRisk is a risk management firm.

Fairshake announced a new list of 32 incumbent House members it supports, including 13 Democrats and 19 Republicans; six of them will each receive $1 million in funding. The three Republicans receiving high levels of support are House Financial Services Committee Chairman French Hill, senior member Bill Huizenga, and Digital Assets Subcommittee Chairman Bryan Steil. On the Democratic side, Nevada’s Steven Horsford and California’s Derek Tran received greater support, while Oregon Representative Janelle Bynum received an A rating. Many of the lawmakers in this group serve on committees handling crypto tax and financial services issues. Vetter said that Fairshake has supported 53 winners in 57 primaries and aims to build the largest pro-crypto caucus in history.

ME News, October 6 (UTC+8) — Decentralized lending protocol Compound is currently conducting a governance vote on Proposal 612. The proposal seeks to extend the delay for treasury operations from 2 days to 10 days and grant governance the power to cancel treasury operations. A wallet associated with Humpy has voted 1.75 million COMP tokens in support of the proposal. (Source: ChainCatcher)

ME News, October 6 (UTC+8) — U.S. business activity growth reached its highest level in more than five years in September, as rising demand and improving business confidence drove companies to expand output at the fastest pace in more than five years. U.S. economic growth is expected to reach around 4% in the third quarter, with economic growth accelerating further in September. The inflation rate for business input costs rose to its highest level in nearly four years, as higher fuel prices increased cost pressures. The pace of increases in companies’ selling prices also accelerated further. (Source: ChainCatcher)