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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, October 13 (UTC+8) — According to MSX.COM data, at the close of U.S. stocks, major technology stocks posted mixed results. Meta rose more than 3%, while Apple and Microsoft rose more than 1%. Nvidia, Amazon, Tesla, and Broadcom fell more than 1%. In addition, the storage, optical communications, and computer hardware sectors declined. Quantum fell more than 9%, Corning fell 6%, SanDisk fell nearly 6%, SK Hynix and Super Micro Computer fell more than 4%, and Micron Technology and Seagate Technology fell more than 3%. (Source: ODAILY)

ME News reports that as of October 13 (UTC+8), CoinMarketCap market data shows ETH is currently priced at $2,449.61, down 3.2% over the past 24 hours. (Source: CoinMarketCap)

ME News, October 13 (UTC+8) — According to CoinMarketCap market data, BTC fell below $82,000 and is currently priced at $81,903, down 1.0% over the past 24 hours. (Source: CoinMarketCap)

ME News reported on October 13 (UTC+8) that ENS DAO, the governing organization of Ethereum Name Service (ENS), posted a new proposal on X to activate ENSv2. The proposal plans to freeze new v1 .eth registrations, allow names that have not yet migrated to continue renewing, and preserve existing names, after which domain registration and resolution functionality will transition to

Itô co-founder Affaan said the team has joined Jump Trading to trade computing capacity and lead a newly established internal trading desk, and has already begun trading in the middle market. The two parties plan to use a new contract market to help businesses manage AI supply chain risks, focusing on the mid-market for computing capacity and inference costs. Capacity contracts typically run for 3-5 years, with approximately 30% paid upfront; revenue is settled monthly or based on usage, and contract values often range from tens of millions to hundreds of millions of dollars. Jump’s strengths in credit, risk management, trading, and hardware enabled this move.

ME News reported on October 13 that Derive proposed expanding its business into the U.S. regulated derivatives market in a governance forum, where community members can participate in the discussion. Derive caters to professional traders and offers products such as options and perpetual contracts, using off-chain matching and on-chain settlement. The proposal is currently in the community discussion stage; the regulatory pathway, partners, and timeline are subject to the forum proposal.

Jaret Seiberg of TD Cowen’s Washington Research Group said that the CFTC’s proposed federal regulatory framework for crypto platforms is a positive signal, but it will not be implemented until early 2028, with risks increasing as the 2028 election cycle approaches. The proposal is unlikely to be released before the end of the first quarter or the beginning of the second quarter of 2027, and could then be finalized in early 2028. The proposed rules would require platforms to maintain proof-of-reserves audits and give the CFTC jurisdiction over state-licensed platforms. Spot market regulatory legislation has not passed, and challenges could continue beyond 2028; accelerating the process could also increase the risk of being blocked by the courts.

ME News, October 13 (UTC+8) — According to CoinMarketCap market data, ETH fell below $2,500 and is currently priced at $2,499.44, down 1.2% over the past 24 hours. (Source: CoinMarketCap)

An October 13 poll showed that approximately 69% of Democrats and 61% of Republicans oppose using prediction markets to bet on government actions, such as elections, military operations, and policy announcements, while only 8% and 9%, respectively, support it. Respondents believe such markets are unethical, socially corrosive, and could threaten national security. The prediction market industry, dominated by Polymarket and Kalshi, is expanding, and policymakers are concerned about the risks of insider trading and manipulation.

ME News reported that on October 13 (UTC+8), prediction market data showed that the 24-hour trading volume for “DOTA 2: Team Yandex vs Team Spirit (BO5) - BLAST Grand Slam Playoffs” reached $2.0M, with market participation increasing significantly.

Fairshake and its affiliated entities spent $2.7 million 22 days before the midterm elections to support 2026 House candidates, and plan to fund 32 more, with six receiving $1 million each. They held $122 million in cash in August and plan to deploy at least another $30 million while opposing Sherrod Brown. All of the relevant candidates voted in support of the CLARITY Act in 2025. The bill seeks to establish rules for the crypto market and expand CFTC enforcement, but failed to pass a procedural vote in the Senate in September.

ME News reports that on October 13 (UTC+8), the Falcon 9 rocket for SpaceX’s 35th commercial resupply services mission using the Dragon spacecraft is standing vertically at Launch Complex 40 in Florida. The launch is scheduled for the 13th local time, with a target launch time of 6:33 a.m. Eastern Time (18:33 Beijing time that day). (Source: ChainCatcher)

Kazakhstan’s central bank plans to reduce gold’s share of its foreign exchange reserves from approximately 78% to 75% by the end of the year, shifting to seller mode to rebalance its assets. Rising U.S. Treasury yields have prompted a reassessment of the allocation between gold and dollar-denominated assets. Global central banks continue to increase their gold holdings, and Kazakhstan was the world’s fourth-largest buyer during the first eight months of 2026. The background includes the trend toward reserve diversification after 2008, the freezing of Russian reserves in 2022, and liquidity and asset-allocation considerations arising from energy shocks and increased demand for the U.S. dollar. Turkey and Russia have also sold some of their gold.

ME News, October 13 (UTC+8) — Ministers from OPEC and non-OPEC oil-producing countries met in Riyadh, Saudi Arabia, reaffirming their commitment to maintaining oil market stability through joint mechanisms. OPEC+ stated that disruptions to energy transportation have caused shipping and insurance costs to exceed one-third of the value of the commodities, hindering the transportation of crude oil and refined products and increasing inflationary pressure on the global economy. The countries will continue to monitor the situation and cooperate with international organizations to improve shipping conditions. (Source: ChainCatcher)

BlocksBridge notes that Bitcoin miners are expanding into AI and high-performance computing, but financing costs are high and divergent, while data center loan reviews are becoming increasingly stringent. They need to raise billions of dollars to purchase computing power and build data centers and power infrastructure. IREN’s two financings show that borrowing costs can also vary within the same company: a 6% blended interest rate and a 9% fixed interest rate. Google provided a guarantee for Cipher Digital’s transaction in exchange for equity warrants representing 5.4%, whose exercise could dilute shareholders. VanEck noted that miners’ debt has surged by approximately 500% since the peak of last year’s bull market.

Swiss Re reported that natural catastrophe losses totaled 220 billion US dollars last year, with 107 billion US dollars covered by insurance and the remainder borne by households, businesses, and governments. As of June, the catastrophe bond market had 6.56 billion US dollars outstanding, while 1.13 billion US dollars in new bonds were issued in the second quarter, setting a new quarterly record. Harneys and dropRWA plan to issue tokenized catastrophe bonds early next year, with each token representing legal ownership of a bond, aiming to expand participation among small investors while complying with relevant rules. The structure is viewed as a way to raise funds for risks that are difficult to cover through traditional reinsurance. In May, the World Bank provided Jamaica with 200 million US dollars in hurricane protection.

Cleveland Fed President Beth Hammack said at the annual meeting of the American Economic Association that, given the current economic and inflation risks, restrictive monetary policy should be maintained to ensure inflation returns to the 2% target. Despite rising U.S. Treasury yields, overall financial conditions remain neutral, and the economy can withstand tighter policy. More frequent, smaller adjustments could reduce the risk of inflation expectations becoming entrenched and shorten the time needed for inflation to return to target. If the labor market deteriorates or inflation exceeds expectations, interest rates may be raised further.

The High Court of England and Wales ruled that proprietary claims to the Bitcoin at issue should be determined under Chinese law, potentially leaving approximately 16,000 Chinese victims participating in the UK recovery unable to share in the Bitcoin’s appreciation and entitled only to the return of their principal and interest. The cross-border recovery of more than 61,000 Bitcoin has therefore encountered a new point of contention.

ARK Invest Digital Asset Research Director Valente reiterated his long-term view of Bitcoin’s five-year cycle in an interview with Bitcoin Magazine, saying it is still in its early stages, and introduced Big Ideas along with Bitcoin’s role as digital gold and permissionless money. He discussed how stablecoins are changing the narrative, the rise of tokenized stocks and real-world assets and their new functions, the impact of interest rates, inflation, and AI on the outlook, the prospects for the next 12–18 months, the four-year cycle, and the 2030 target, as well as institutions remaining on the sidelines.