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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 on October 6 (UTC+8) that the U.S. Commodity Futures Trading Commission’s (CFTC) newly released advance notice of proposed rulemaking (ANPRM) seeks to use its existing authority to establish a crypto market structure framework for spot trading. The framework would be built on the existing DCM, DCO, and FCM registration systems and create a new category called “crypto asset markets.” A notable difference from the Clarity Act is that the CFTC proposal is exploring a voluntary federal exchange registration pathway: Spot exchanges that do not offer leverage could choose not to join the framework and continue to retain their state money transmission licenses. Former CFTC Chairman Giancarlo said this would provide exchanges with a “clear, voluntary path to a single federal rulebook” when customers use borrowed funds to trade, adding that the CFTC is acting under the authority Congress granted in 2010.

ME News, October 6 (UTC+8) — The International Energy Agency (IEA) Governing Board is expected to decide at its October 14–15 meeting on the specific arrangements for releasing emergency reserves of diesel and crude oil announced by the Group of Seven (G7) last week. G7 members agreed to release a total of 100 million barrels of diesel and crude oil and pledged not to impose energy export restrictions. (Source: ChainCatcher)

ME News reports that on October 6 (UTC+8), Ethereum restaking protocol ether.fi announced the launch of its USD-denominated stablecoin, ether.fi USD (USD), powered by Ethena technology. ether.fi stated that more than $300 million in stablecoin assets are currently operating within its ecosystem, and the launch of USD will natively integrate this stablecoin liquidity into the various products it launches going forward. (Source: PANews)

Genius Group announced the resumption of Bitcoin purchases, buying 10 BTC this week at an average price of approximately $85,364; the ban was overturned by the U.S. Second Circuit. The CEO said the scale is not large, but the restart is intended to build holdings. The company plans to hold $827 million in Bitcoin and $800 million in AI assets by fiscal 2031 through a $1.2 billion dual-treasury strategy, funded by operating cash flow, perpetual preferred securities, and ATM offerings, without using debt or pledging assets.

ME News, October 6 (UTC+8) — U.S. Central Command said that Iranian state media had been spreading false reports claiming that a U.S. Navy MH-60R helicopter crashed in the Red Sea last night after declaring an emergency. U.S. Central Command stated that reports claiming a U.S. military helicopter crashed in the Red Sea after declaring an emergency were false. Currently, all U.S. military aircraft and personnel in the Middle East are safe and fully accounted for. (Source: BlockBeats)

ME News reported on October 6 (UTC+8) that Growth ETF (CGGR), under Capital Group, which manages $3.6 trillion in assets, disclosed that it increased its holdings of Bitcoin treasury company Strategy (MSTR) by 535,304 shares, worth approximately $89 million. It currently holds a total of 2.19 million shares, worth approximately $366 million. (Source: PANews)

ME News reported on October 6 that the legacy Set Protocol product ETHMACOAPY lost approximately 8.11 WETH across two transactions. The root cause was that actualizeFee() rounded collateral redemptions upward even when no fee was due. The attacker first injected collateral to trigger recalculation, then redeemed temporary tokens to obtain more collateral than was deposited, draining the reserves held by other users. In the second transaction, approximately 4.062 WETH was transferred out in an adjacent block, nearly depleting the reserves. Source: Foresight News.

Vitalik Buterin reposted an update from Nethermind: the Beacon Chain plugin has been synchronized and is ready for the Sepolia Glamsterdam fork; running the execution and consensus layers together did not significantly increase memory usage. The Ethereum Foundation stated that Glamsterdam will activate on Sepolia on October 6, and Nethermind 2.1.0 already supports the upgrade.

ME News reported on October 6 (UTC+8) that 26-year-old cryptocurrency entrepreneur Adam Iza was sentenced to 78 months in prison and ordered to pay $23.4028 million in restitution for hiring off-duty Los Angeles County Sheriff’s Department deputies to harass rivals in disputes, defrauding Meta of more than $37 million, and concealing the proceeds through cryptocurrency custodians. Adam Iza had previously been sentenced to 15 years in prison for attempting to rob Bitcoin. This 78-month sentence will run concurrently with that sentence, so his actual prison time will not increase. Five former Los Angeles County Sheriff’s Department deputies were convicted for participating in the related activities. From December 2020 through 2022, Adam Iza obtained Meta Business Manager accounts and associated lines of credit and resold them to advertising companies, causing Meta customers to be charged un

ME News, October 6 (UTC+8) — According to MSX.COM data, Constellation Energy rose more than 5% in premarket U.S. trading. It was previously reported that Google and Constellation Energy signed a 20-year power purchase agreement that will add 890 megawatts (MW) of reliable nuclear power generation capacity to the PJM interconnected grid. The agreement will create approximately 7,200 jobs and invest 43

Mizuho Securities maintains a Buy rating on Cerebras with a $300 price target, saying the pressure on its stock price is related to the progress of its partnership with OpenAI. The OpenAI CEO said Cerebras remains a close partner, with the two companies maintaining deep collaboration at the forefront of high-performance computing, while some new models still rely primarily on NVIDIA GPUs. Market monitoring shows that CBRS perpetual futures prices rose approximately 3.7%, with trading volume of approximately $89 million and the notional value of open interest at approximately $116 million.

The Hong Kong government reiterated that it will submit amendments to the cryptocurrency asset licensing bill by the end of 2026, establishing a licensing regime covering trading, custody, advisory, and management services in response to fintech developments. The HKMA has begun accepting license applications from stablecoin issuers and issued the first licenses to Anchorpoint Financial and Hongkong and Shanghai Banking Corporation in April.

ME News reported that on October 6 (UTC+8), BIT announced the appointment of Chen Derong as the new Group Chief Marketing Officer (CMO). He previously served as CMO of OSL Group and Head of Global Marketing at Futu. He will be responsible for advancing BIT’s global marketing strategy and market expansion, further enhancing its brand influence and market position. (Source: ChainCatcher)

Google Cloud Hong Kong has posted a Web3 Industry Chief Architect position responsible for technical leadership in Web3, digital assets, and decentralized technologies across the Asia-Pacific region. The role will serve clients such as foundations, institutional exchanges, and custodians, with a focus on RWA tokenization. Candidates must have 10 years of experience in systems architecture, distributed systems, or cloud computing, along with 4 years of experience designing and operating production-grade Web3 or blockchain systems. Experience with institutional digital asset infrastructure is preferred, and candidates must be able to design risk and compliance architectures that comply with Hong Kong’s regulatory framework.

ME News, October 6 (UTC+8) — Prediction market data shows that the trading volume for “Will Bitcoin rise or fall on October 5?” reached $1.5M over the past 24 hours, with market participation increasing significantly.

ME News reported that Pump.fun holds approximately $2.8 billion in assets on-chain, including $219 million in PUMP distributed across multiple wallets, as well as $336 million in wrapped SOL and $215 million in USDC/USDT. The relevant wallets include PumpSwap liquidity pools, which hold hundreds of Meme coins issued by the platform. TROLL is worth approximately $1.69 million, making it the highest-value Meme coin holding.

ME News, October 6 (UTC+8) — Bridgewater Associates founder Ray Dalio said on October 6 that the United States could face a debt crisis within three years, with interest expenses squeezing the federal budget. The United States has annual revenue of approximately $5.5 trillion and spending of approximately $7.5 trillion, creating a fiscal gap of nearly $2 trillion; federal debt held outside the government is approximately $32 trillion, with annual interest of approximately $1 trillion. The U.S. 10-year Treasury yield closed at 5.31% on October 5, while the 30-year yield was 5.66%. Japan held $1.10 trillion in U.S. Treasuries in July, down from $1.24 trillion in February; its 10-year government bond yield rose to 3.12% on October 1, the highest since 199

NEAR Protocol announced that MyNearWallet will discontinue service on October 31, and users must migrate their assets to the official portal. The official recommendation is to test with a small amount first. Deposit addresses are for one-time use and cannot be reused; migrate one asset at a time and wait for completion. Keep MyNearWallet recovery information until the entire balance has been received. Foresight News identified it as a web-based non-custodial wallet.

North Carolina Democratic Representative Don Davis introduced the “Ban Betting on Yourself Act,” which would prohibit candidates from trading prediction market contracts related to their own elections. Violators would face a minimum fine of $10,000 or three times the net trading profits, whichever is greater. Kalshi, Polymarket, and other platforms currently restrict candidates from trading contracts related to their own elections. In April this year, the Senate passed a resolution prohibiting senators and their staff from trading prediction markets, but it does not apply to candidates who are not incumbent senators.