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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.

Hong Kong’s Legislative Council raised questions about emerging payment aggregation platforms. The Acting Secretary for Financial Services and the Treasury replied that the government continuously monitors them and enforces the law. From 2024‑2026, the HKMA received 16 complaints about the unlicensed issuance or operation of stored value facilities, one of which was substantiated; no losses were reported. Issuing or operating stored value facilities in Hong Kong without a license is illegal. Money changing and cross-border remittances require licenses. Non-bank institutions offering buy now, pay later services involving loans must apply for a money lenders license. Relevant cases are handled by the HKMA, which may coordinate with or refer them to law enforcement.

ME News reported on October 8 that David Schamis, CEO of Hyperliquid Strategies DAT (PURR), said they were not the buyers involved in the $320 million OTC transaction for HYPE tokens. It was previously reported that the HyperLabs development team had sold 3.75 million HYPE through an OTC transaction, according to BlockBeats.

ME News, October 8 (UTC+8) — According to monitoring by SlowMist security researcher Cos, bookmark phishing attacks targeting the FOMO web platform are emerging. These phishing pages trick users into completing a fake human verification, then dragging malicious JavaScript code into the browser’s bookmarks bar and saving it as a bookmark. After users click the bookmark two or three times, the FOMO accounts they previously logged into are hijacked by attackers, and the crypto assets in those accounts are immediately stolen. (Source: BlockBeats)

ME News reports that HyperLabs redeemed 3.75 million HYPE worth approximately $332 million. Four hours later, the tokens were distributed through five wallets and consolidated at the address 0x875...1d. An institution is suspected of purchasing 1.25 million of them via OTC and restaking them, while the remaining 2.5 million stayed at that address, with a total value of approximately $330 million.

The well-known crypto media outlet Cointelegraph is seeking a buyer, though the sale price has not been disclosed. Reports say that after receiving a manual action from Google in October 2025, its organic search traffic fell by approximately 80%, and it temporarily disappeared from Google results. Similarweb shows that monthly visits declined from more than 12 million in December 2024 to just over 700,000 in early September 2026. Founded in 2013, Cointelegraph has more than 200 employees and has not yet responded to requests for comment.

Buterin warned that if AI significantly accelerates mathematical research, the security of lattice-based cryptography could be substantially weakened over the next two years, potentially even allowing ECDSA to be cracked ahead of schedule. He said that two years of AI-driven progress could be equivalent to the progress of the past 50 years, so Ethereum’s Lean roadmap is shifting toward hash-only signatures to reduce reliance. For asset security, he recommends prioritizing funds held in addresses that have not yet initiated transactions and not rushing to migrate them to avoid losses. Multisignature wallets should use off-chain signature confirmation to avoid exposing signature information.

ME News reported that on October 8 (UTC+8), Sui posted on X that Samsung Wallet will integrate Sui and support USDC on the Sui network across 82 million Galaxy devices in the United States. Through gasless transfers, USDC on the Sui network

According to U.S. sources, the Pentagon has instructed U.S. Central Command to prepare for a large-scale military operation against Iran that has been restarted. No specific timeline has been set, and Trump has not made a final decision. Sources said the operation could take place before the November midterm elections, or even before Israel’s elections. If launched, it is expected to involve large-scale bombing of Iran’s energy, infrastructure, and nuclear facilities, with the operation likely to be conducted jointly by the U.S. and Israel and with Israeli participation.

ME News reports that on October 8 (UTC+8), the minutes of the Federal Reserve’s September meeting showed that Fed policymakers held a broadly hawkish stance on the interest rate decision, although they differed in their reasons for supporting a rate hike. The minutes showed that “most participants judged that it would likely be appropriate to move the target range for the federal funds rate higher by the end of this year.” At the same time, participants emphasized that they remained open-minded about each meeting, and that policy decisions at future meetings would depend on the latest information available at the time. Nick Timiraos, a reporter known as the “new Federal Reserve press agency,” highlighted the Fed meeting minutes: “Regarding the monetary policy outlook following the current meeting, most participants judged that it would likely be appropriate to raise the target range for the federal funds rate again by the end of this year.” As of press time, according to CME data, investors currently expect the Federal Reserve’s October 27

ME News, October 8 (UTC+8) — Solana-based decentralized exchange Orca and lending platform Loopscale announced a merger, with the new entity named Formation. Following the merger, the team will be led by Loopscale co-founder Luke Truitt as CEO. Formation plans to combine Orca’s trading infrastructure with Loopscale’s lending and investment vaults to provide emerging assets with a one-stop path from issuance and financing to trading. The company hopes to expand beyond crypto trading and lending into capital-intensive sectors such as AI, energy, robotics, and defense. Truitt said that frontier economies are creating new business models and financing needs faster than traditional market infrastructure is evolving. Formation said traditional financing to

Hunter Biden released a forensic report on the initial launch of the LAPTOP meme coin issued by Groom Lake, calling out the market maker for improper profits during the launch: One wallet received $500,000 in funding before the launch but invested only about $5,200 at launch, while liquidity was just 0.003%, causing small trades to disproportionately move the price; a $6 buy order could raise it by about 5%. The founder’s tokens have not yet been transferred, and the controversy centers on the market maker’s launch execution, liquidity allocation, and whether it profited.

With SAP’s support, Circle and Tereina are integrating USDC and EURC into SAP customer enterprise payment workflows, with USDC denominated in U.S. dollars and EURC in euros. Tereina provides embedded payment infrastructure, so enterprises do not need to switch platforms. Over the coming months, they will test global payments and treasury management with customers. Less than a month after the Arc mainnet launch, it already supports USDC and multi-currency stablecoins, with transaction fees paid in USDC. The SAP ecosystem covers 84% of global commercial activity.

ME News reported on October 8 (UTC+8) that Bitcoin News posted on X that the International Monetary Fund completed the second and third reviews of El Salvador’s $1.4 billion financing arrangement, disbursed $139 million, and granted a waiver after the country violated its limits on Bitcoin holdings. The IMF currently expects that, aside from documented donations, the Salvadoran government will not purchase any more Bitcoin and will increase the transparency of its public Bitcoin holdings. (Source: ODAILY)

Lightspark has released the dotMoney prototype, allowing users to send test funds via a share link, a .money file, or directly between nearby iPhones. Files can be transferred via AirDrop, messaging apps, or a USB drive; the underlying funds are transferred between wallets through Spark. Each file can only be claimed once, and copying or forwarding it will not generate duplicate funds. Senders can cancel unclaimed payments. The prototype uses test funds with no monetary value and also supports features such as the Grid test bank, Cash App, and Lightning withdrawals.

ME News reported on October 8 that Strategy holds 848,000 BTC, while BlackRock’s IBIT holds 805,222 BTC, for a combined total of approximately 1.653 million BTC, or about 7.9% of the total supply of 21 million. Based on Monday’s price of $85,179, the total market value is approximately $141 billion. Some of the BTC is held on corporate balance sheets, while the remainder is used to support the issuance and redemption of ETF shares.

ME News reported that, in response to a question about mortgage rates, U.S. President Trump said the Federal Reserve Board “wants to see the country perform poorly.” The 30-year U.S. mortgage rate rose to a nearly three-year high last week. Trump said Fed Chair Waller was excellent, but believed that other board members wanted the country to perform poorly in order to bring rates down. Treasury Secretary Bessent, who was seated alongside Trump, said inflation was caused by an energy shock. If the conflict with Iran ends, energy supplies will be sufficient, inflation will fall back to the Fed’s target, and mortgage rates and the 10-year U.S. Treasury yield will also decline. Source: Jin10

ME News reported on October 8 (UTC+8) that prediction market data showed the probability of “Yes” for “Ethereum will rise to $3,000 by December 31, 2026” in the event “What price will Ethereum reach in 2026?” fell from 67.5% on the previous trading day to 46.5%, a single-day decline of 21.0 percentage points.

Solana’s stablecoin addresses have surpassed 14.02 million, stablecoin supply has exceeded $15 billion, and cumulative card transaction volume has topped $1 billion, reaching an all-time high. The Solana Foundation has launched the open-source Solana DvP framework, which synchronously settles tokenized assets and cash within a single atomic transaction, uses segregated custody, completes settlement within seconds, and reduces counterparty risk. J.P. Morgan provides an institutional settlement opinion, and the audited Solana DvP standard can be used for tokenized stocks, funds, and other real-world assets.

Matter Labs has open-sourced the permission engine for Prividium, its privacy blockchain platform for financial institutions, under the Apache 2 license. Institutions can run, inspect, and modify the core code in their own environments, reducing reliance on a single vendor. Deutsche Bundesbank became the first institution to test a deployment on its own infrastructure. Prividium keeps transaction data exclusively within the institution and records zero-knowledge proofs of ledger updates on chains such as Ethereum. The management console, user tools, and core banking system connectors remain paid products, while the other core components have been open-sourced.

ME News reported on October 8 (UTC+8) that, according to monitoring by Onchain Lens, pages related to Hyperliquid Labs listed five OTC buyer wallets, with addresses 0x3460...18fc, 0xa5d4...29fd, 0x84ac...7dbf, 0x6146...80f3, and 0x8044...c7ac, respectively. Source: ODAILY.