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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.

ME News reported that on October 3 (UTC+8), Elon Musk posted on X in response to rumors of a partnership between his chip company Terafab and TSMC. He said the two sides had only held relevant discussions, but there might be results. Musk previously announced that the “Terafab” project would be jointly operated by Tesla and SpaceX and based in Austin, with the goal of reaching one trillion watts of computing capacity annually, most of which must be used in the space sector. The project’s initial investment is $16.8 billion. (Source: ODAILY)

NEAR co-founder Illia posted on X that a large number of developers have recently been building on NEAR, with the key being “what to build” and how to gain user distribution. Ideas include verifiable Tamagochi based on NEAR AI, Universal Checkout, AI encyclopedia prediction markets, private over-the-counter trading, automated strategies, event fund escrow, private code reviews, equity financing management, Delta Neutral, private social networking and medical AI second opinions, private voice transcription, and AI evaluations using private test sets. He also suggested gaining exposure through NEAR Legion, Aurora Intent Connect, the community, Product Hunt, and X.

Illia pointed out that a large number of developers have recently emerged in the NEAR ecosystem, with more user-friendly tools and a focus on building products and user distribution. Potential directions include AI Tamagotchi, general-purpose payment components, on-chain event registration and escrow, Never get liquidated, prediction markets/AI encyclopedias, Delta Neutral strategies, private transactions and copy trading, as well as private enterprise use cases such as code review, equity management, and private healthcare. The ecosystem’s influence is also being expanded through channels including NEAR Legion, Aurora Intent Connect, Shopify, Product Hunt, and X.

Analysts such as Darkfost point out that stablecoin market capitalization has not yet recovered significantly because of insufficient liquidity entering the crypto market. Since May, total stablecoin market capitalization has fallen by approximately $14 billion, with large-scale capital outflows. It has recovered slightly since September, rising to approximately $270 billion, up about $4 billion from the previous period. Although there are signs of a trend reversal, the recovery remains limited. More liquidity still needs to enter the market for BTC to reach new highs.

ME News, October 3 (UTC+8) — The U.S. Department of Justice will not reopen a criminal investigation into former Federal Reserve Chair Jay Powell related to the Federal Reserve’s $2.5 billion renovation project. A previous investigation by the central bank regulator had found no criminal wrongdoing by the former chair. (Source: BlockBeats)

Killa predicts BTC’s high for this year will reach $97,000. It may consolidate below $97,000 in the future, but the rally could be more parabolic and begin sooner. Key support lies at $80,000–$83,000; a break below it would point to $74,000–$77,000, which could become a panic bottom. If the rally continues, a pullback may reach only the low $80,000s before another push higher. He has a 10x leveraged long position at $83,500 and may add to his spot holdings and long positions if panic emerges in the fourth quarter.

Due to the Magic Eden security incident, Revoke.cash reminds users to check for yellow warnings in the Auto-Revoking module on the account page. If there are any, first use another wallet to revert the address to a regular account, then upgrade it to a smart account with MetaMask, and ensure that all networks are enabled and the wallet is authorized.
Ultimate subscribers must complete both steps: authorize Auto-Revoking in MetaMask and upgrade the wallet to a smart account on that network. If the upgrade was previously completed using another wallet, the upgrade may fail.

CME Group shelves its 24/7 crude oil futures plan after opposition from industry participants. The market is concerned that insufficient weekend liquidity could distort WTI pricing, while continuous trading would increase pressure related to weekend staffing, hedging, and margin requirements outside regular trading hours. CEO Terry Duffy said that core participants were broadly concerned that launching the product without sufficient due diligence could trigger unforeseen consequences and increase market risks. Source: ODAILY.

Huatai Securities said September nonfarm payroll growth came in below expectations, with the three-month average increasing by 51,000, close to equilibrium, while the unemployment rate remained low, indicating that the labor market is solid but not overheated. Wage growth slowed in September and real income declined, suggesting that household consumption may struggle to sustain its strong performance in August. Looking ahead to October, NFIB hiring intentions are relatively weak but may rebound later; under the baseline scenario, a rate hike in October is unlikely, while another hike may occur in December.

ME News reported on October 3 (UTC+8) that, according to MyToken data, $806 million worth of cryptocurrency futures positions were liquidated across the market over the past 24 hours. BTC liquidations totaled $282 million, ETH liquidations totaled $178 million, SOL liquidations totaled $36.6513 million, and XRP liquidations totaled $24.3435 million. (Source: MyToken)

ME News reported on October 3 (UTC+8) that Nevada opposed Kalshi’s request to delay proceedings before the U.S. Court of Appeals for the Ninth Circuit pending rulemaking by the U.S. Commodity Futures Trading Commission. The state said that the court’s previous determination that the contracts at issue were not swaps was based on the text, context, and legislative intent of the Commodity Exchange Act, and that CFTC rulemaking would not change this conclusion. Nevada also said that the request would extend what it called Kalshi’s illegal operations. (Source: ODAILY)

According to Axios, on October 3, several of Trump’s key Cabinet members held a closed-door meeting at Camp David to discuss next steps in the war with Iran and the conflict with Yemen’s Houthi militants. The meeting was not publicly announced and such meetings are extremely rare. Attendees included the vice president, secretary of state, secretary of defense, and heads of intelligence agencies. Officials said decisions had already been made or were discussed in depth. Trump said that disclosing the details would be major news, suggesting that the situation was progressing favorably and that Iran was in a difficult position.

ME News, October 3 (UTC+8) — U.S. President Donald Trump posted on Truth Social that his administration will immediately begin distributing a $100 subsidy to more than 20 million seniors to help cover Medicare Part B premiums. Trump also said that if Republicans win the midterm elections, every U.S. citizen will receive a $5,000 “Trump dividend.” (Source: ODAILY)

ME News reported that the day before ChangXin Technology’s listing, the largest short seller opened a short position at $6.5. As the stock held firm, the short position was closed within 10 hours, ultimately resulting in a loss of $10.98 million, including $5.18 million in funding fees and $5.8 million in price losses. After holding the short position for two months, the trader capitulated and closed it out at $8.5.

ME News reported that on October 3 (UTC+8), Canary submitted an amended S-1 filing for the Canary PEPE ETF to the U.S. Securities and Exchange Commission on October 2. The filing shows that the ETF intends to list on Cboe BZX, with the investment objective of seeking to provide exposure to the price of PEPE held by the trust, less operating expenses and other liabilities. Net asset value will reference the CoinDesk PEPE Benchmark Rate 60.

ME News, October 3 (UTC+8) — Bitdeer disclosed in a Form 6-K filing submitted on October 2 Eastern Time that director Sheldon Trainor-DeGirolamo will resign as a company director and from all positions he holds on the board’s committees, effective October 15, 2026. The announcement stated that his resignation was not due to any disagreement with the company regarding its operations, policies, or practices. (Source: BlockBeats)

On October 3, SKY treasury company SDEV rose 104.37% to $7.48, up 770% over the past month; the SKY token was trading at $0.087103, down 6.82% over 24 hours. On September 28, it was reported that SDEV’s mNAV was 0.39, with its stock market capitalization approximately 39% of the market value of its SKY holdings, indicating long-term undervaluation due to concerns that it could once again raise financing through an ATM offering, diluting equity.

Federal Reserve’s Hammack said the September employment data was consistent with recent hiring trends, with approximately 29,000 jobs added and the unemployment rate at 4.2%, in line with industry performance. Over the past 12 months, an average of approximately 41,000 jobs were added each month, indicating that hiring is stabilizing. She said there is still sufficient information to determine the monetary policy stance before the meeting at the end of this month and fulfill the Fed’s mandate.

ME News, October 3 (UTC+8) — Prediction market data shows that in the market on whether “the United States will confirm the existence of aliens by October 31,” the probability of the “Yes” option fell from 48.9% to 1.1%, a 47.9-percentage-point decline in a single day.