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.

Haseeb Qureshi stated that there is limited overlap between Hyperliquid users and centralized exchange users, with some users turning to Hyperliquid as an entry point due to KYC challenges. Although its market share is growing, trading volume has not declined, and both sides are expanding the market together. He is optimistic about demand for Pre-IPO trading and market conditions over the next 6–12 months, predicting that the boundaries of crypto and VC will become blurred around 2030, with investments placing greater emphasis on market understanding and the ability to solve real-world problems.

ME News reported that The Smarter Web Company has completed its preferred share IPO, raising total proceeds of £10 million and net proceeds of approximately £8.34 million after expenses. The company will list on the London Stock Exchange on October 14. The funds will be allocated as follows: 46.08% for working capital and general corporate purposes, 47.93% for purchasing additional Bitcoin, and 5.99% for its operating business growth strategy.

ME News, October 12 (UTC+8) — The Financial Stability Board (FSB) warned in a document submitted to G20 finance ministers and central bank governors that cross-border regulation of stablecoins, crisis resolution mechanisms, and cybersecurity risks related to AI still require further improvement. FSB Chair Andrew Bailey said that cross-border stablecoin regulation and crisis management mechanisms are “still immature or have yet to be established.” (Source: ChainCatcher)

ME News, October 12 (UTC+8) — Polygon Foundation CEO Sandeep Nailwal posted that an additional 22 million POL, accounting for approximately 0.2% of the supply, has been included in the next phase of the burn plan. He also stated that the team has not yet fully disclosed how Polygon OMS will affect POL, and that more details will be announced soon. (Source: Foresight News)

This week’s IMF and World Bank Annual Meetings in Bangkok focused on global growth, debt, and geopolitics, with the new World Economic Outlook released on Tuesday becoming the market’s main focus. The war in Iran has prompted another downgrade to global growth forecasts, while Georgieva warned that elevated energy prices, record global public debt, and strained sentiment in bond markets could make the report pessimistic. The conflicts in the Middle East and Ukraine, along with deepening geopolitical divisions, were key topics of discussion. AI regulation also drew attention, while whether France would push the eurozone into a debt crisis was another major concern.

The FSB indicates that cross-border stablecoin regulation and crisis management remain underdeveloped. Its 2025 review showed that only 11 of the 28 jurisdictions surveyed had completed the development of regulatory frameworks. Run risks could spread to traditional financial markets through reserve assets and bank deposits. For multi-issuer stablecoins, redemptions could become concentrated at a single issuer, while reserve assets are distributed across different jurisdictions. The FSB also identified relevant practices for the responsible use of AI in the financial sector and warned that AI-driven sophisticated cyberattacks could weaken the resilience of critical financial institutions. The relevant correspondence has been submitted to the G20 Finance Ministers and Central Bank Governors Meeting.

The PPP prediction market shows that the probability of Polymarket’s “next Fable model” being released by October 24 has risen to 65%, up 13% over the past 24 hours. The settlement condition is whether Anthropic publicly releases a model containing Fable and with a version of ≥5.2 (including 5.2, 6, and above) before the deadline; it must also offer public testing or an open registration waitlist. Closed testing and private access do not count; listing only the version name on the official website without actually making it available does not count.

3iQ Middle East Ltd has received in-principle approval from the Abu Dhabi Global Market’s FSRA for a Category 4 license, marking another key step in establishing a regulated digital asset business in the UAE and forming part of its global digital asset regulatory strategy. Previously, 3iQ entered into a strategic partnership with Further and provided institutional investors with access to digital asset investments through QMAP, which has attracted $100 million in sovereign capital seed funding.

Doppler Finance’s Q3 transparency report shows that, as of 2026-09-12 07:59, the total USD deposited/awaiting withdrawal was $115,194,321; the XRP balance was 82,663,435.12 XRP, with 1,000,467.33 XRP awaiting withdrawal; the RLUSD balance was 1,504,350.42 RLUSD, with 54,385.69 RLUSD awaiting withdrawal; the RLUSD Ethereum vault held 151,346.85 RLUSD; and total Fireblocks assets were $4,078,742. The total value of custodial and risk-control collateral assets was $115,511,528, with an overcollateralization ratio of 100.27%.

The UK is continuing to trace assets linked to the cross-border cyberfraud and money-laundering case involving Cambodia’s Prince Group. It has frozen a luxury mansion in London belonging to founder Chen Zhi and “number two” Hu Xiaowei, as well as Li Tian’s London mansion, valued at 170 million yuan, and luxury watches. When the U.S. Treasury Department imposed sanctions in 2025, it identified Li Tian as a close associate of Chen Zhi, alleging that he was directly responsible for the group’s illicit funds operations and the smuggling of large amounts of cash.

ME News, October 12 (UTC+8) — Prediction market data shows that trading volume for “Ravens vs. Falcons” reached $6.4M over the past 24 hours, with market participation increasing significantly.

Bank of Korea Governor Shin Hyun-song said at a parliamentary hearing that the most important factor in monetary policy is the inflation trend, with particular attention to inflation’s impact on low-income and vulnerable groups, as well as the pressure high interest rates place on vulnerable borrowers. He said that when interpreting the interest rate path, the market still needs to strike a balance between curbing inflation and easing pressure on households and businesses. The possibility of another rate hike in October or November remains under discussion.

OneKey announced that, regarding the incident involving unauthorized hardware implanted in Ledger wallets purchased through the CryptoBilis channel, it has not received any victim reports. However, it has suspended CryptoBilis as an authorized distributor and is conducting a renewed review of its existing distributors. Customers who made purchases from 2026-03-01 through the date of the statement may exchange their devices for free, with claims accepted until 2026-12-31. Users who have used the devices should treat their recovery phrases as potentially compromised and transfer their assets to wallets with new recovery phrases as soon as possible.

The Finance Committee of the French National Assembly passed amendment I-CF821, which would require holders of self-custodied crypto assets worth ≥100,000 euros to declare their holdings. December 31 of each year would serve as the reporting date, and failure to report could result in a maximum fine of 10,000 euros. The proposal was introduced by three lawmakers and aims to combat tax evasion. The amendment must be resubmitted and approved during the budget’s revenue section in order to be incorporated into law. The committee voted 31 to 3 to reject the revenue section of the 2027 budget, and will debate the government’s original proposal on Tuesday.

Former CFTC Acting Chair and MoonPay Chief Legal Officer Pham said the Commodity Exchange Act grants the CFTC broad regulatory authority, and that the existing framework can cover crypto assets without requiring congressional legislation. The new rules would help protect American retail investors. Bringing trading onto regulated platforms would benefit investors more than state-level regulation. Tokenized deposits are suitable for wholesale markets, while stablecoins can reduce settlement risk; if real-time blockchain settlement is achieved intraday, funding needs could reach $15 trillion. Over the next two years, the NYSE and Nasdaq will list truly tokenized stocks while retaining voting rights.

OnCoin announces the signing of Ronaldinho as its regional ambassador for Brazil. The platform integrates live streaming, short videos, real-time chat, market data, and community interaction, offering users interested in crypto, blockchain, Web3, and market analysis features including live streams, short videos, replays, real-time cryptocurrency prices, market data, and community groups.

Solana announced on X that Hong Kong’s second Solana spot ETF, the Pando Solana ETF (2831.HK), is scheduled to list on the Hong Kong Stock Exchange on October 13; global Solana spot ETFs have approximately $1.9 billion in net assets and cumulative net inflows of approximately $1.6 billion.

ME News, October 12 (UTC+8) — According to MyToken data, the cryptocurrency market saw $241 million in liquidations across all futures contracts over the past 24 hours. BTC liquidations totaled $53.9087 million, ETH liquidations totaled $49.8196 million, SOL liquidations totaled $14.5960 million, and XRP liquidations totaled $3.4422 million. (Source: MyToken)

The NEAR perpetual contract on Hyperliquid reached a high of $5.959 on October 12 and is currently trading at around $5.862, up 10.66% over the past 24 hours. Trader mk4 holds a long position of approximately 5.7565 million NEAR, valued at $33.74 million, with an average entry price of $2.353, an unrealized profit of $20.20 million, and a return of 1491%. NEAR is the address’s primary position, while it also holds short positions in seven other tokens, including BTC, ETH, and SOL, with a total value of approximately $14.53 million and a net unrealized loss of $1.18 million. Its net unrealized profit on perpetual contracts is approximately $19.02 million, with no position reduction or open orders placed so far.

Bank of Korea Governor Shin Hyun-song apologized at a parliamentary audit hearing, saying that sufficient warnings had not been issued about single-stock leveraged ETFs and that the volatility in the domestic stock market and memory chips at the end of May had not been properly assessed. He also acknowledged that the June Financial Stability Report’s assessment that single-stock leveraged ETFs could prevent capital outflows and expand overseas capital inflows was mistaken, saying that the circumstances at the time were not appropriate.