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U.S. Stocks End Three-Session Losing Streak; Dell Surges More Than 15% on Better-Than-Expected Earnings, While Treasury Yields Nearing 5% Raise Concerns About a Global Pullback
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.
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The US will release its September nonfarm payrolls report at 20:30 Beijing time on Friday.
ME News, October 2 (UTC+8) — The United States will release its September nonfarm payrolls report at 20:30 Beijing time on Friday. The latest Reuters survey shows that U.S. nonfarm payrolls are expected to increase by 90,000 in September, significantly below August’s 162,000. The unemployment rate is expected to remain at 4.1% for the third consecutive month. After the Federal Reserve implemented its first rate hike in three years in September, this report will be one of the key data points for determining whether the labor market remains resilient and whether another rate hike will be needed in October. (Source: PANews)
Stove Finance Submits Comments on SEC Exemption for Tokenized U.S. Equities, Focusing on Cross-System Settlement and Corporate Action Standards
The SEC published Stove Finance’s public comment letter on the exemption for tokenized stocks, focusing on infrastructure issues in on-chain markets: aligning asset conversion, inventory replenishment, reconciliation, and corporate actions such as dividends and stock splits between traditional securities and on-chain systems. The letter recommends expanding the participation of registered broker-dealers in building on-chain securities recordkeeping, reconciliation, and delivery infrastructure, while having broker-dealers, custodians, transfer agents, on-chain exchanges, and other stakeholders jointly establish unified standards for asset conversion, settlement status, and corporate actions. As tokenized stocks enter DeFi use cases such as AMMs and liquidity pools, cross-system interoperability and post-trade settlement are becoming the industry’s next major challenges.
“Steelers vs. Browns” 24H trading volume reaches $1.5M
ME News, October 2 (UTC+8) — Prediction market data shows that trading volume for “Steelers vs. Browns” reached $5.0M over the past 24 hours, with market participation increasing significantly.
Drift’s compensation plan sparks dissatisfaction: roughly $1 for every $100 lost
The Drift/Velocity Foundation has begun compensation for the April 1 security incident, issuing compensation tokens in DFX at a 1:1 ratio, with a total supply of approximately 299.5 million. Verified losses amount to approximately $295.4 million, and no additional tokens will be issued. DFX can be officially burned in exchange for USDT or traded on the secondary market; the redemption price is approximately $0.0104, covering about 1% of the losses and triggering community dissatisfaction. The secondary-market price has risen to approximately $0.03, with liquidity of about $200,000. Buyers are focused on subsequent capital injections, recovered funds, and the handling of unclaimed amounts.
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South Korean cryptocurrency exchanges’ operating profits fell 78% in the first half of 2026.
KoFIU data shows that South Korean cryptocurrency exchanges experienced a sharp contraction in profitability and market activity in the first half of 2026: operating profit fell 78% year over year, average daily trading volume declined 44%, market capitalization decreased 33%, Korean won deposits dropped 35%, and exchange revenue fell 41%. The survey covered 26 registered virtual asset service providers (17 exchange operators and 9 custody/wallet service providers), with the statistical period running from 2026-01-01 to 06-30. The number of accounts eligible for trading increased slightly by 0.4% year over year. (Source: ODAILY)
South Korea Plans to Implement Security Tokenization Rules in 2027, Setting Capital Thresholds for Issuing Companies and Trading Limits for Retail Investors
South Korea’s Financial Services Commission has proposed detailed regulations for the issuance and trading of security tokens, allowing stocks, bonds, funds, and certain fractional securities to be issued and circulated in token form. The framework will take effect on February 4, 2027. Token issuers that directly manage customer accounts must have paid-in capital of at least 4 billion won and employ dedicated compliance and technical personnel. The proposal also revises the rules to add a license for over-the-counter bond trading, with retail investors subject to an annual net purchase limit of 100 million won on each OTC exchange. The proposal will be open for public comment from this Friday through November 11, after which it will enter the approval process. South Korea has previously advanced a three-phase roadmap for moving securities issuance and trading to distributed ledger infrastructure.
SOL is currently priced at $123.37, up 5.1% over the past 24 hours.
ME News, October 2 (UTC+8) — According to CoinMarketCap market data, SOL is currently priced at $123.37, up 5.1% over the past 24 hours. (Source: CoinMarketCap)
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XRP is currently priced at 1.5321 USD, up 3.0% in the past 24 hours.
ME News, October 2 (UTC+8) — According to CoinMarketCap market data, XRP is currently quoted at $1.5321, with a 24-hour increase of 3.0%. (Source: CoinMarketCap)
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BTC is currently priced at 86696 USD, with a 24-hour increase of 3.0%.
ME News, October 2 (UTC+8) — According to CoinMarketCap market data, BTC is currently priced at $86,696, up 3.0% over the past 24 hours. (Source: CoinMarketCap)
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Kinetiq Ends kPoints Claiming and Switches to Paid Claims, KNTQ Falls 23%
Kinetiq announced the termination of its kPoints rewards mechanism, replacing it with a paid claim. A total of 50 million KNTQ tokens will be distributed, and holders have 10 days to participate in the allocation at $0.26 per token. If the allocation is fully subscribed, the project could generate approximately $13 million in revenue. Meanwhile, KNTQ’s market price fell 23%, and the allocation previously obtainable through points now requires an actual payment.
BTC breaks above $86,000, with a 24-hour gain of 2.7%, currently trading at $86,410
ME News, October 2 (UTC+8) — According to CoinMarketCap market data, BTC has broken through $86,000 and is currently trading at $86,410, up 2.7% over the past 24 hours. (Source: CoinMarketCap)
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Core Lightning Reminds Unpatched Nodes to Upgrade as Soon as Possible
Core Lightning warns that Bitcoin Lightning Network nodes running version 26.06.7 and earlier should upgrade as soon as possible. The team said it had received reports of attacks targeting unpatched nodes but did not disclose details about the vulnerability or its potential impact. On September 16, it announced an investigation into an issue that could affect experimental features and user funds, and on September 22, it released version 26.06.8 to fix the vulnerability and update the software. The announcement did not state whether the previous attacks were related to this fix.
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Bitcoin spot ETFs saw total net inflows of $103 million yesterday, with BlackRock’s IBIT leading at $196 million.
According to SoSoValue, Bitcoin spot ETFs saw a net inflow of $103 million yesterday. The largest single-day inflow was $196 million for BlackRock’s IBIT; Grayscale BTC recorded approximately $14.59 million in single-day inflows, with total net inflows of approximately $298 million. The largest single-day outflow was Fidelity’s FBTC, at approximately $60.73 million. Total net assets were $109.338 billion, the net asset ratio was 6.43%, and cumulative historical net inflows were $57.598 billion.
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U.S. Treasury Sanctions A7 Network, Says It Is Linked to Nobitex and Uses A7A5 Token to Evade Sanctions
The U.S. Department of the Treasury’s OFAC has designated the A7 network as a significant transnational criminal organization and imposed sanctions on it. A7 is linked to Russia and was used by the Iranian regime to evade sanctions; according to FinCEN statistics, its subordinate agents processed approximately $1.7 billion globally between January 2025 and June 2026. A7 is also linked to Nobitex, Iran’s largest digital currency exchange, which was sanctioned in June 2026. The network has also assisted in illegal activities, including attacks by North Korean hackers. The A7A5 token was issued by Old Vector LLC and backed by the Russian ruble. Old Vector was sanctioned in 2025. A7A5 is intended to help members evade sanctions and generate revenue for sanctioned infrastructure.
Ethereum spot ETFs saw total net outflows of $55.3727 million yesterday, marking three consecutive days of net outflows.
According to SoSoValue data, Ethereum spot ETFs recorded total net outflows of $55.3727 million yesterday. Grayscale ETH Mini Trust had the largest single-day net inflow at approximately $1.5463 million, bringing its cumulative net inflows to $2.022 billion. Fidelity FETH had the largest single-day net outflow at approximately $23.5039 million, with cumulative net inflows of $2.364 billion. As of press time, total net assets stood at $17.714 billion, the net asset ratio was 5.38%, and cumulative net inflows totaled $13.839 billion.
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A7 Network Processed Over $17 Billion in Transactions and Was Designated a Significant Transnational Criminal Organization by the U.S. Treasury Department
ME News reported on October 2 (UTC+8) that the U.S. Treasury Department announced on October 1 that its “economic blockade action” had taken action against A7 Network and designated it as a “significant transnational criminal organization.” The U.S. Treasury Department’s Financial Crimes Enforcement Network plans to prohibit fund transfers involving A7 Network sub-agents and requires financial institutions to identify and report related suspicious transactions. The U.S. Treasury Department stated that A7 Network is a “shadow banking network” with ties to Russia that has been used by Iran to evade sanctions. Through third-party companies, falsified trade documents, fraudulent import and export records, and misleading commodity descriptions, it disguises sanctioned or illicit fund flows as normal business activities. An investigation showed that A7 Network sub-agents cumulatively processed between January 2025 and June 2026.
Data: Over the past 24 hours, $249 million in crypto futures positions were liquidated across the entire network.
ME News, October 2 (UTC+8) — According to MyToken data, the cryptocurrency market saw $249 million in total liquidations across the entire network over the past 24 hours. BTC liquidations totaled $50.0766 million, ETH liquidations totaled $34.8471 million, SOL liquidations totaled $7.7378 million, and XRP liquidations totaled $4.2699 million. (Source: MyToken)
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SOL is currently priced at $121.03, up 3.1% over the past 24 hours.
ME News, October 2 (UTC+8) — According to CoinMarketCap market data, SOL is currently priced at $121.03, up 3.1% over the past 24 hours. (Source: CoinMarketCap)
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Castle Labs: On-chain perpetual DEX trading volume share rises to 12.33%
Castle Labs noted that the global trading share of on-chain perpetual contract DEXs increased from 0.11% (2023-01) to 12.33% (2026-09); on-chain RWA perpetual contracts are expanding rapidly, covering traditional assets such as stocks, with trading volume of approximately $147.5 billion in 2026-07, accounting for 19.6%. As of September 24, total open interest was approximately $14.64 billion, with Hyperliquid at 56.8% ($8.32 billion), Aster at 9.7%, and Variational at 6.2%.
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SBI Digital Trust Advances Japan–South Korea Stablecoin Cross-Border Payment Verification
SBI Digital Trust, NICE Information & Communication, and DSRV have signed a basic agreement to jointly validate cross-border transfers and payments between Japan and South Korea using stablecoins, with a use case involving Japanese tourists paying at South Korean merchants via QR codes. The parties plan to verify fund flows, instruction mechanisms, and system integration, with completion targeted by the end of 2026. Each party will be responsible for payment solution design, the merchant network, and blockchain research, respectively. The results will guide future commercialization efforts.
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