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Grayscale launches in-kind subscription mechanism, allowing investors to exchange digital assets directly for shares in 10 of its products

Odaily reports: Grayscale has announced the launch of an in-kind investing mechanism, allowing investors to directly deliver eligible digital assets in exchange for shares in Grayscale products. Grayscale stated that this mechanism is expected to reduce the burden on investors of self-custodying assets, lower potential trade execution costs, and make digital assets easier to incorporate into traditional portfolio management. Currently, the mechanism covers 10 products, including Bitcoin Mini Trust ETF (BTC), Ethereum Staking Mini ETF (ETH), Avalanche Staking ETF (GAVA), Chainlink Trust ETF (GLNK), Dogecoin Trust ETF (GDOG), Hyperliquid Staking ETF (HYPG), Solana Staking ETF (GSOL), Sui Staking ETF (GSUI), XRP Trust ETF (GXRP), and Zcash ETF (ZCSH).

Dogecoin Foundation Supports Establishment of Dogecoin Labs, Application Network, and Merchant Payment Tools

As reported by CoinDesk, the teams behind the MyDoge wallet, DogeOS app network, and merchant payment tool Such App will jointly establish Dogecoin Labs, aiming to expand everyday use cases for DOGE. Dogecoin Labs will partner with the Dogecoin Foundation and oversee operations for MyDoge, DogeOS, and Such App, with MyDoge and DogeOS founder Jordan Jefferson appointed as CEO.

Dogecoin Labs Officially Launches to Drive DOGE Expansion into Payments and DeFi Applications

Odaily reports: With the support of the Dogecoin Foundation, Dogecoin Labs has officially been established, integrating the MyDoge wallet, the DogeOS application platform, and the Such App payment product into a single independent organization, with Jordan Jefferson serving as Chief Executive Officer. The organization will focus on expanding DOGE's applications in consumer-grade use cases, payments, commerce, DeFi, and gaming, among other areas, driving its use cases to extend from community culture and Meme-driven demand toward practical applications.According to the announcement, MyDoge has over 500,000 users; DogeOS launched an EVM-compatible public testnet on September 30, aimed at connecting developers with DOGE holders; Such App provides merchant payment tools, including invoicing and in-person QR code payments. The Dogecoin Foundation will continue to be responsible for ecosystem governance and open-source development. (The Block)

$2.3 Billion Outstanding Balance: Coinbase Crypto-Backed Loans Advance in Tandem with Onchain Bank Deposits

Coinbase's outstanding balance for crypto-backed loans has reached $2.3 billion, with the product launching in January 2025. Eligible users outside New York State can pledge Bitcoin to borrow USDC without selling their holdings, with loans routed through the Morpho decentralized lending protocol on the Base network. On September 22, Coinbase added fixed-rate loans through Morpho Midnight, and pledgeable assets have expanded to XRP, DOGE, ADA, and LTC. As of mid-September 2026, floating-rate loans have exceeded $1.4 billion, backed by approximately $3 billion in collateral.JPMorgan's JPMD tokenized deposits have been running on Base for institutions since mid-2026, with Citi and BNY Mellon also advancing related initiatives, and multiple UK banks planning to launch related networks in 2027.

Progress in Qian Zhimin’s 40-Billion-Yuan Illegal Fundraising Case: Prosecutors Apply to Confiscate Over 61,800 Bitcoins and Other Assets, Court Has Accepted the Application

According to The Paper, the case of Qian Zhimin, involving over 40 billion yuan in illegal fund-raising and more than 60,000 bitcoins, has seen new progress in China's judicial proceedings. On October 13, the Second Intermediate People's Court of Tianjin Municipality announced that it accepted the case on September 28 concerning an application by the Second Branch of the Tianjin Municipal People's Procuratorate to confiscate the illegal proceeds of criminal suspect Qian Zhimin. The assets targeted for confiscation include 61,896.41552945 bitcoins, 72,745.79502 Bitcoin Cash, 72,745.78555 Bitcoin Gold, 72,745.7845 Bitcoin SV, 3,605,989.9995 Ripple (XRP), 70,081,208.62553222 Dogecoin, as well as cash, jewelry, financial assets, and other items.

Court Has Accepted the Case: Prosecutors Seek Forfeiture of Over 61,800 Bitcoins and Other Assets in Qian Zhimin's 40 Billion Yuan Illegal Fundraising Case

Odaily News: On October 13, the Tianjin Second Intermediate People's Court issued an announcement stating that on September 28, the court filed and accepted a case in which the Tianjin People's Procuratorate Second Branch applied for the forfeiture of illegal gains involving criminal suspect Qian Zhimin. The case involves over 40 billion yuan in illegal fundraising and more than 61,800 bitcoins.According to the list of property subject to forfeiture published by the Tianjin Second Intermediate People's Court, the virtual currencies involved also include approximately 72,700 Bitcoin Cash, approximately 72,700 Bitcoin Gold, approximately 72,700 Bitcoin SV, approximately 3.606 million XRP, and approximately 70.0812 million Dogecoin. The aforementioned Dogecoin has been converted by UK judicial authorities and deposited into an interest-bearing account. The property subject to forfeiture also includes cash in US dollars, euros, and pounds sterling, jewelry, as well as bank balances, investment portfolios, and other assets. The Tianjin People's Procuratorate Second Branch holds that Qian Zhimin is suspected of the crime of fundraising fraud, and after fleeing and being wanted for one year has failed to appear in court. The more than 61,800 bitcoins and other property seized in the UK constitute illegal gains and their proceeds, and should be recovered in accordance with the law, with forfeiture imposed after lawful restitution to the affected fundraising participants.

DogeOS开启公开测试网,EVM应用可在Dogecoin生态部署

DogeOS announces the launch of a Dogecoin-based public application-layer testnet. The EVM-compatible network supports applications such as DeFi and gaming, with testnet transaction fees paid in DOGE.

Bonk Guy: MARSCOIN May See a Strong Q4 Rally, Musk + CZ Narrative Becomes Key Highlight

well-known trader Bonk Guy posted that MARSCOIN's current price action is "very clean," and predicted it may see a significant rally in Q4, adding that its fundamentals are also improving. According to the analyst, as BNB and BNB Chain gain greater influence in this cycle, MARSCOIN's "Musk + CZ" narrative has further strengthened. He noted that in the previous cycle, SHIB and DOGE market caps once surpassed $40 billion and $80 billion, respectively, while MARSCOIN this time will combine elements such as Musk, Binance founder CZ, and space rocket company SPCX. Binance has already provided support to the related ecosystem through SPCX rewards and a portion of its own trading fees, and the market may be underestimating MARSCOIN's potential performance over the next few months.

Trader: Memory Sector Consolidates Ahead of MU Earnings, BTC May Test 82K Support

In pre-market analysis, trader degentrading (@degentradingLSD) highlights the following key market signals: • Macro: The 10Y yield has risen to 5.2% and the 30Y to 5.5%, nearing historical peaks. The South Korean stock market opened down 2.5%, with the memory and semiconductor sectors (SK Hynix, Samsung, MU, SNDK) broadly declining 2%–5%. Price action is expected to remain volatile ahead of MU's earnings report. • Next-Generation Cloud Computing: Project payback periods for compute infrastructure have fallen below one year. Market perception is shifting, and rapid revaluation of the new cloud sector is anticipated. Power supply bottlenecks are also gaining prominence. • Tech Stocks: META is trading lower in pre-market. Monitor for accumulation opportunities at the $690 support level or a breakout above all-time highs. If the broader hyperscale data center sector breaks out, META, MSFT, and peers could undergo paradigm-level repricing. • Crypto Markets: Broad weakness across major and alt coins, with BTC potentially testing the $82K support level. Risk capital was freed last week by trimming TAO and DOGE, and taking profit on CRDO. Since crypto sentiment typically remains positive during KBW week, the strategy this week centers on identifying short-term bullish setups.

Coinbase Launches Fixed-Rate Bitcoin-Collateralized USDC Loans, with Over $1.4 Billion in Active Loans

Odaily News: Coinbase has launched fixed-rate loans powered by the decentralized lending protocol Morpho, allowing users to borrow USDC against bitcoin and lock in the interest rate and repayment date at the start of the loan.This product marks the first enterprise-grade deployment of Morpho Midnight, with Coinbase handling the application experience, Morpho providing the credit infrastructure, and the Base network handling settlement.Coinbase's existing Morpho floating-rate loans have surpassed $1.4 billion in active volume, corresponding to approximately $3 billion in collateral. The business launched bitcoin-collateralized lending in early 2025 and later expanded collateral to assets such as XRP and Dogecoin. (Decrypt)

Bonk Guy Calls Another Token USELESS: Already Listed on Upbit and Bithumb, Watch for Its Potential Upside

Trader Bonk Guy (Unipcs) posted that he has long considered USELESS to be this cycle's equivalent to DOGE, SHIB, or PEPE, yet many continue to disregard it. He noted that South Korea's two major centralized exchanges, Upbit and Bithumb, listed USELESS just hours apart today, granting it a major new distribution channel from one of the world's key crypto markets. Bonk Guy further emphasized that attention should remain on whether USELESS will be listed on Hyperliquid, Robinhood, or Binance Spot next. He argued that instead of debating whether USELESS will emerge as this cycle's flagship memecoin, focus should shift to how high its price can potentially reach, as the underlying pattern is becoming increasingly clear. He also noted that investors can either accumulate USELESS now or wait until its market cap reaches several billion dollars, perceiving that stage as "safer".

Gate launches stock event contracts, with the first phase covering MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics

Odaily News, according to an official announcement, Gate has officially launched stock event contracts. The first phase exclusively features four popular stock underlyings: MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics, while simultaneously opening 5-minute and 15-minute short-cycle bullish/bearish trading markets.It is reported that Gate has become the first trading platform to support stock event contracts, further extending event contract trading coverage to both crypto assets and traditional stocks. Currently, the platform supports crypto assets such as BTC, ETH, SOL, XRP, DOGE, HYPE, and BNB, as well as stock underlyings including MU (Micron Technology), SNDK (SanDisk), SKHYNIX (SK Hynix), and Unitree Robotics. Users do not need to use leverage or pay margin, and only need to predict the price direction of the underlying within a specified time period to participate in trading. At present, users can access trading via the Gate App or official website by navigating to [Contracts] - [Event Contracts] and filtering by the [Stocks] category.

Holding $211.53 Million in Short Positions, Wintermute Halves HYPE Short Size

Odaily News According to Onchain Lens monitoring, Wintermute (0xecb...2b00) has increased its short exposure on Hyperliquid from $190.77 million to $211.53 million since the last update; its HYPE short has decreased from $11.43 million to $5.6 million. Current major short positions include: Bitcoin $70.8 million, ETH $53.83 million, SOL $17.63 million, XRP $7.41 million, DOGE $6.79 million. Current unrealized loss stands at $4.12 million, with $2.27 million in funding fees already received.

DOGE Owner Clarifies: CATE Has No Connection to Me, Only Official Projects DOG and COCORO Are Recognized

@kabosumama, the owner of Doge's original canine model Kabosu, stated that recently circulated tokens like CATE have absolutely no connection to her. She mentioned that after posting Instagram content about a newly rescued kitten, the relevant posts were used without authorization to create counterfeit tokens, and she expressed regret over some accounts misusing her photos and content.She stated that the only project she is currently officially involved with and endorses is Own The Dog. The project acquired the Doge NFT in 2021 and launched the DOG token; additionally, both parties collaborated to launch the COCORO token on the Base network in 2025, with the proceeds intended to support daily animal care and animal protection activities.Kabosu’s owner reminded the public to rely on official announcements for information regarding herself and urged the community to remain vigilant against projects and tokens unrelated to her.

Musk: AI Could Surpass Total Human Intelligence Within 5 Years, Admits to “Getting Carried Away” with Politics

Elon Musk recently gave an interview to Zanny Minton Beddoes, Editor-in-Chief of The Economist, discussing topics including super-intelligent AI, politics, and AI regulation.Musk predicted that artificial intelligence would surpass the combined intelligence of all human beings within the next 5 years or so, stating that AI would then outperform humans in almost every field, except for “being human itself.” He believes AI has the potential to bring about an “unprecedented era of abundance,” allowing people to obtain almost anything they desire.Regarding AI risks, Musk reiterated his previous assessment that there is roughly a 10% to 20% probability of AI leading to human extinction. However, he noted that as the development of AI and robotics technology has become irreversible, he has accepted this reality. He described his current attitude as “enjoying the ride,” adding that even if a “pause button” existed, it might not necessarily be pushed.Musk admitted he has been “a bit too invested in politics, even a little carried away.” Nevertheless, he defended his previous work pushing for the Department of Government Efficiency (DOGE) to cut fiscal spending, stating that his goal was to reduce government waste and fraudulent expenditures.On AI governance, Musk suggested that major AI labs such as OpenAI, xAI, and Anthropic should hold regular safety meetings to mutually assess potential risks before releasing new models. He believes that competitors are better positioned than governments to identify problems in each other's models.Additionally, Musk once again criticized OpenAI for transitioning from a non-profit organization to a closed-source for-profit company, and reiterated his dissatisfaction with OpenAI CEO Sam Altman. At the same time, he praised Anthropic co-founder and CEO Dario Amodei, calling him “a man of great principle,” and stated that if necessary, AI companies should “put aside personal grievances and cooperate for the good of the world.”During the interview, Musk also insisted that budget cuts to the United States Agency for International Development (USAID) “did not cause any deaths” and denied related criticisms, prompting questions from the interviewer. (BusinessInsider)

US Treasury Sanctions Cuba-Related Cryptocurrency Addresses

According to Livecoins, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a new round of sanctions on July 13, freezing 13 cryptocurrency wallets and trust funds associated with the Cuban regime, involving addresses on multiple chains such as Tron (TRX), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), Dash (DASH), and Zcash (ZEC), as well as Bitcoin and Ethereum assets. Sanctioned targets include Ukrainian citizen Dmytro Rashevskyi, Belarusian resident Yevgeniy Vladimirovich Silayev, and several Cuban state-owned institutions such as the Association of Combatants of the Cuban Revolution and the Cuban Ministry of Tourism. OFAC simultaneously released FAQ 1262, advising all U.S. citizens to immediately cease all dealings with the entities on the aforementioned sanctions list.

Ansem responds to the "creator token" controversy: Misjudged trust assumptions, but will explore "positive crypto attention mechanism"

Ansem posted on X, stating that his past judgments regarding celebrity participation in crypto projects were overly idealistic. He had assumed they would not "rug" millions of supporters, but this assumption has been proven wrong by reality, and he stated he will not make the same judgment error in the future.However, Ansem emphasized that he is not a celebrity himself and has no intention of exiting a project improperly. He believes that Meme and narrative-based tokens may still play a "net positive" role in the crypto market, including attracting new users into the industry, providing speculative liquidity for the market, and reactivating market sentiment during bear market bottoms.Using Dogecoin and Bonk as examples, he stated that such assets have brought large-scale user adoption and wealth effects in different cycles. Dogecoin's market cap once reached $11 billion, while Bonk helped revive sentiment within the Solana ecosystem during the低迷 period following the FTX collapse.Ansem also mentioned that he entered the crypto industry in 2017, quit his job as a software engineer in 2021, and is currently co-founding the trading application BullpenFi while hosting the podcast project MarketBubble. He noted that he has participated in discussions on multiple Meme coins in the past, but often encountered anonymous accounts using liquidity structures to front-run and then "dump" on the opposite side, making him a tool for attention. He emphasized that his current project is the first time he is participating with "control over the majority of the token supply" and stated that he will attempt to find a balance between market attention and industry building.

Huobi Margin Launches User Reward Program: Interest-Free and Guaranteed Loss Coverage for New Users’ First 1 USDT Position; Up to 30% of Trading Fees Refunded; Participate in Trading to Share a $20,000 USDT Prize Pool

According to the official announcement, HTX has officially launched its “Margin User Rewards Program” and simultaneously kicked off the ninth edition of its Margin Trading Competition. From now until 20:00 (UTC+8) on June 15, users who register and complete KYC verification can participate to enjoy trading fee rebates, accelerated order execution, and exclusive benefits for newcomers—expressing HTX’s gratitude for users’ long-term support and trust. For new margin traders, HTX offers a “$1 Margin Opening” experience: users need only $1 USDT as initial capital to execute their first $10 USDT margin trade. The platform provides $9 USDT in interest-free borrowed funds, and HTX will compensate users for losses on their first trade—significantly lowering the barrier to entry for margin trading. Additionally, HTX has launched a Margin Trading Competition with a total prize pool of $20,000 USDT. During the event, users can receive up to 30% in trading fee rebates based on their margin trading volume. Notably, margin trading volume in designated cryptocurrencies—including BTC, ETH, SOL, DOGE, TRX, and XRP—is counted at triple weight toward the total volume, helping users seize market opportunities and unlock higher rebate tiers more quickly.

Dogecoin Integrates into Paxos Enterprise Network, Potentially Gaining Indirect Access to PayPal and Venmo Ecosystems

House of Doge, an organization associated with Dogecoin (DOGE), has announced a partnership with regulated stablecoin and crypto infrastructure provider Paxos to integrate Dogecoin into its enterprise-grade crypto brokerage and custody network.Paxos serves as the underlying blockchain infrastructure provider for payment platforms such as PayPal, Venmo, and Mercado Libre. These platforms leverage Paxos's capabilities to offer users crypto asset buying, selling, and custody services. This initial partnership is focused on enterprise clients, and it remains unclear whether it will expand to consumer-facing applications in the future. Marco Margiotta, CEO of House of Doge, stated that this collaboration will accelerate Dogecoin's global accessibility and provide a compliant entry path for mainstream fintech platforms.Paxos stated that the move aims to provide secure and compliant access to digital assets through its regulated infrastructure, and to support enterprise clients in expanding their crypto asset product lines. (The Block)

Binance Updates Perpetual Contract Leverage and Collateral Ratio

According to an official announcement, Binance will update the collateral ratio and tiered collateral ratio for certain assets under the portfolio margin mode at 14:00 (Beijing Time) on May 29, 2026. This involves DOGE, SAHARA, SKY, 1MBABYDOGE, CTSI, and AAVE under the PMPro mode. Additionally, at 14:30 (Beijing Time) on the same day, Binance Futures will adjust the leverage and margin tiers for the following USDⓈ-M perpetual contracts: ESPORTSUSDT, SYRUPUSDT, VVVUSDT, FFUSDT, BEATUSDT, GOATUSDT, LIGHTUSDT, TAKEUSDT, NFPUSDT, PORTALUSDT, CLOUSDT, TUTUSDT, HMSTRUSDT. Existing positions will be affected, and users need to make adjustments in advance.