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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.

CFTC sues Utah to block state action against Kalshi, asserting federal control over prediction-market derivatives; states clash over regulatory jurisdiction as others seek Supreme Court review.
Abstract: The report covers the CFTC’s federal lawsuit in a Utah federal court seeking to block Utah’s actions against Kalshi’s prediction-market platform, arguing that event contracts are futures under the Commodity Exchange Act and thus federally regulated. It notes Utah’s prior suit to recover profits and frames the matter as part of broader interstate disputes over who controls the regulation of commodity derivatives, with several states pursuing Supreme Court review.

ME News reports that on October 28 (UTC+8), U.S. President Donald Trump’s wife, Melania, said that the ceasefire agreement between Russia and Ukraine in Oleshky, Kherson region, took effect early at 4 a.m. on the 27th Moscow time. The ceasefire has been expanded to areas beyond Oleshky to provide a safe corridor for humanitarian aid convoys. Russian Chief of the General Staff Valery Gerasimov has confirmed the news. (Source: ChainCatcher)

ME News, Oct. 28 (UTC+8) — Brazilian Supreme Court Justice Luiz Fux will hold a public hearing on Nov. 3 regarding the ban on sports betting and online casinos. He has not yet ruled on whether to suspend the ban. The hearing is scheduled for 10 a.m. local time and will focus on the ban’s economic impact.
The ban took effect on Oct. 25, invalidating 85 gambling licenses in Brazil. Brazilian President Luiz Inácio Lula da Silva won reelection on the same day, and gambling industry organizations

ME News reported on October 28 (UTC+8) that prediction market platform Myriad announced it had voided 10 prediction markets after its administrator wallet was compromised. According to the official statement, holders on both sides of the affected markets will receive automatic refunds calculated at pre-attack prices, minus any bonuses already claimed. Myriad is a prediction market platform that allows users to bet on the outcomes of real-world events. After its administrator wallet was compromised, the platform decided to void the affected markets and promised automatic refunds to holders. Refunds will be calculated based on pre-attack prices, with any bonuses already claimed deducted from the refund. (Source: ChainCatcher)

ME News reported on October 28 (UTC+8) that strong U.S. durable goods orders reversed the early decline in Treasury yields, sending them higher, as markets awaited the Federal Reserve’s interest rate decision tomorrow. Markets expect the Federal Open Market Committee (FOMC) to leave rates unchanged and resume raising them in December. U.S. durable goods orders rose 1.8% in September, slightly above market expectations, driven mainly by an increase in orders for transportation equipment. The 10-year Treasury yield rose to 4.997% intraday, up from 4.987% on Monday, while the 2-year Treasury yield rose to 4.731%, up from 4.712% on Monday. (Source: Jin10)

ME News reported on October 28 (UTC+8) that Millennium Management, which manages approximately $97 billion, is developing tools for its portfolio managers to use data from prediction market platforms such as Polymarket and Kalshi as trading signals for traditional asset classes. Some portfolio managers are interested in market data related to geopolitics, the economy, and commodities. Sources said Millennium Management has not yet directly traded prediction market contracts. Millennium Management, Polymarket, and Kalshi all declined to comment. Previously, market makers such as Susquehanna and Jump Trading had entered the prediction market space, AQR

ME News reports that on October 28 (UTC+8), GMX 🫐 posted on X that GMX staking on Arbitrum and Avalanche will migrate to new contracts on October 28. Unstaking requires submitting a request, and tokens can be withdrawn after 180 days. The 80% staking-weight threshold must be met when submitting the request. Staked GMX and esGMX

ME News reports that on October 28 (UTC+8), people familiar with the matter said SK hynix’s U.S. subsidiary Solidigm is in talks with the U.S. Department of Commerce over plans to invest $45 billion in a new NAND flash memory plant in the United States. Solidigm hopes to first obtain U.S. approval to ship new equipment to its factory in Dalian, China, for upgrades. The company said the additional revenue generated by the Dalian factory would go directly toward construction of the U.S. plant, and the upgraded technology could also be used at the U.S. plant. Solidigm also told the Department of Commerce that total investment in the U.S. plant could eventually approach $100 billion. New York State is among the possible locations, and construction could begin as early as next year. Solidigm and SK hynix both said no specific decisions have been made. Last week, SK hynix canceled Solidigm’s planned IPO of about $10 billion. (Source: PANews)

ME News, Oct. 28 (UTC+8) — Robinhood announced that its Earn feature is now available to all eligible users, allowing them to participate in onchain USDG lending. Deposited funds will go into a Morpho vault curated by Steakhouse on Robinhood Chain.

NEAR ecosystem unveils Confidential Jio pre-IPO trading contract with up to 5x leverage, enabling pre-IPO asset trading for risk hedging and price discovery; no share delivery, will convert to equity perpetual post-IPO.
Abstract: This report describes NEAR ecosystem's Confidential Jio pre-IPO trading contract, which allows participants to trade pre-IPO assets with up to fivefold leverage, focusing on price discovery and risk management rather than actual equity delivery or IPO allocations. The contract is planned to convert into an equity perpetual contract after Jio's IPO, extending its trading lifecycle.

ME News, October 28 (UTC+8) — According to MSX.COM data, U.S. AI hardware stocks rose broadly, with the Philadelphia Semiconductor Index up 3.00%. Among individual stocks, AMD rose 5.41%, Broadcom rose 3.85%, Intel rose 3.53%, TSMC rose 3.07%, Nvidia rose 1.21%, Micron Technology rose 2.71%, and SK Hynix rose 2.33%. The storage and data storage sectors stood out, with Western Digital up 7.86% and Seagate Technology up 6.04%. In optical communications, Lumentum rose 7.01% and Coherent rose 5.91%. Direxion Daily Semiconductor Bull 3X Shares rose

ME News, October 28 (UTC+8) — XS.com analyst Simon-Peter Massabni said in a report that the pound may remain under pressure against the dollar until the Federal Reserve’s rate decision and the UK budget are announced on Wednesday, giving markets a clearer view of the outlook. He said the pound’s prospects for a rebound would improve if the UK budget bolsters confidence in the country’s fiscal position and the Fed’s comments on possible future rate hikes are not as hawkish as expected. Conversely, if the budget disappoints and the Fed sends a hawkish signal, the pound’s pullback could last longer. (Source: Jin10)

ME News, October 28 (UTC+8) — Data from crypto market data firm Kaiko shows that USDC currently accounts for 56% of euro stablecoin trading volume, up from 10% in January 2024, and has surpassed USDT. The shift in market share accelerated after several exchanges in the European Economic Area restricted USDT trading under the Markets in Crypto-Assets Regulation (MiCA). USDC has also surpassed USDT in liquidity for euro-denominated trading, with order book depth about 40% higher. However, USDT remains the larger stablecoin globally, with a circulating supply approximately 2.5 times that of USDC.
About two weeks ago, the European Banking Authority (EBA) designated USDC as the first “significant e-money token” under the EU’s MiCA framework and brought it under direct supervision. Kaiko

ME News, October 28 (UTC+8) — The cyber extortion group WhiteArmor claimed to have obtained the complete user database of crypto casino Gamdom, involving approximately 15.42 million accounts and 146 data fields, and demanded $15 million in Bitcoin. The group claimed it breached the system through an internal machine account with administrator privileges and published about 100 account records as evidence.
Earlier, Gamdom suffered a hot wallet attack on October 13. The company confirmed losses of more than $3 million, while on-chain researchers estimated the losses at approximately $4.2 million. There is currently no evidence linking the two incidents, and the scale of the data breach claimed by WhiteArmor has not been independently verified. (Source: ODAILY)

ME News, Oct. 27 (UTC+8) — The Trump administration is considering providing up to $5 billion in financing to Constellation Energy to upgrade and modernize its nuclear reactor facilities in Illinois, Maryland, and Pennsylvania. The U.S. Department of Energy said the projects are expected to add nearly 1.1 gigawatts (GW) of power supply under the conditional loan commitment, helping strengthen the grid and lower costs.
U.S. Energy Secretary Wright plans to announce the financing arrangement later Tuesday at a nuclear power plant in Illinois. The plant will supply power to Google. Wright said in a statement: “The Department of Energy is accelerating President Trump’s plan for an ‘American nuclear energy renaissance’ and fully unlocking the potential of our nation’s existing nuclear facilities.” (Source: ODAILY)

ME News, October 27 (UTC+8) — According to MSX.COM data, U.S. stocks extended their gains: the Dow Jones Industrial Average rose 0.08%, the S&P 500 rose 0.53%, and the Nasdaq Composite rose 1%. The Philadelphia Semiconductor Index gained 2.37% intraday and is currently at 11,346 points.
Among popular stocks, NVIDIA rose 0.87%, Apple rose 0.84%, Microsoft rose 0.17%, Alphabet Class A rose 1.13%, Amazon rose 1.19%, TSMC rose 2.62%, SpaceX rose 1.84%, Broadcom rose 3.49%, and Meta fell 0.42%. Tesla rose 2.85%, SK Hynix rose 2.08%, and Micron Technology rose

ME News reported on October 27 (UTC+8) that institutional digital asset settlement network Lynq has partnered with risk and collateral management platform ZeroBeta. Institutional clients can use their holdings on the Lynq platform as collateral for secured borrowing and margin trading, while the underlying assets continue to earn interest during the collateral period. The partnership is based on Lynq’s newly launched collateral lock feature. ZeroBeta’s BlueShift serves as the risk layer, setting terms and monitoring margin throughout the lifecycle. Lynq acts as a neutral channel, holding collateral and executing pledges and releases as instructed by BlueShift. The partnership supports two workflows: secured lending and margin for digital asset trading. Lynq is built on Avalanche and its patented...

ME News reported on October 27 (UTC+8) that Galaxy Head of Research Alex Thorn said 13F filings for Bitcoin ETF holdings are still in their early stages, and most large asset managers and registered investment advisors (RIAs) typically do not file until shortly before the November 16 deadline. However, some long-term investors increased their Bitcoin ETF holdings in the third quarter. Wealth management advisory firm SIGFIG Wealth Management filed its first such disclosure, with its clients adding approximately $73 million worth of Bitcoin ETFs in the third quarter. A considerable portion of the assets it manages comes from Wells Fargo, Citizens, Santander

VanEck has launched the Wealth Builder ETF (WBMO), adding Bitcoin to a multi-asset portfolio of global equities, bonds, gold, and commodities. The fund is actively managed, with VanEck overseeing asset allocation and rebalancing, and has approximately $244 billion in assets under management. Portfolio manager David Schassler notes that the traditional 60/40 portfolio is designed for different market environments.
VanEck has launched the Wealth Builder ETF (WBMO), an actively managed fund that includes Bitcoin alongside global equities, bonds, gold, and commodities. The fund, which manages about $244 billion, is overseen by VanEck for asset allocation and rebalancing. Manager David Schassler notes that the traditional 60/40 portfolio is built for different market environments.