News linked to both this project and an event.
oracle network Pyth Network has released its Q3 business report, stating that as of the end of September, its active annual recurring revenue (ARR) reached $11.49 million, up 86.5% from the previous quarter, with net new ARR of $5.33 million in Q3.On the exchange side, the trading volume of real-world asset (RWA) perpetual contract markets powered by Pyth data reached $2.09 trillion in Q3, accounting for 94.1% of the total volume in related markets. In prediction markets, Pyth has provided data support for platforms such as Kalshi and Polymarket. Among them, Kalshi listed Pyth as the data source provider for its gold and silver perpetual contract markets in relevant regulatory filings. In the AI sector, Pyth is testing financial data infrastructure for AI agents with Exa, providing real-time prices, historical data, and candlestick data to enable AI systems to incorporate market information into analysis and decision-making.Additionally, Pyth DAO approved the "100% Rule," under which all future revenue the DAO receives from Pyth products will be used for open market buybacks of PYTH tokens. Compared to the previous practice of using only one-third of non-PYTH asset balances for buybacks, the allocation ratio has been increased threefold.
According to the analytical section of the latest Global Financial Stability Report published by the International Monetary Fund (IMF), while the tokenized asset market is growing rapidly, its current scale remains small and highly fragmented. The full realization of its potential is primarily constrained by four factors: legal certainty, regulatory clarity, cross-platform interoperability, and the availability of safe settlement assets. Data shows that tokenization activities are currently concentrated in the repurchase agreement market, with an average daily trading volume of approximately $300 billion to $350 billion, which remains in its early stages compared to the scale of traditional finance.
According to CoinDesk, Ripple Prime, the prime brokerage division under Ripple, has begun providing financing services for leveraged equity ETFs, charging financing fees to funds through total return swaps. This market was previously dominated by large banks and securities firms. In October 2025, Ripple acquired multi-asset brokerage Hidden Road for $1.25 billion, entering the clearing, financing, and cross-asset trading businesses. In August 2026, Ripple launched its Delta One business, offering total return swap products linked to U.S. equities, market indices, and digital assets, while maintaining over $1 billion in regulatory net capital and completing a $275 million senior notes issuance.
Odaily News: According to Hunter Biden monitoring, Hunter Biden, son of former U.S. President Biden, posted the independent investigation results of the LAPTOP token launch incident, stating that he had commissioned forensic firm Groom Lake to verify all transactions on the day of launch. He denied that the team cashed out, saying that the founder tokens remain concentrated in the same wallet and have not been transferred since launch; his personal tokens have been locked for six months and will then be released over two years. He cited the investigation as saying that Market Maker 1 had $500,000 in startup capital, but only injected about $5,200 and fewer than 30,000 tokens into the liquidity pool, with the latter accounting for only 0.003% of the total supply. Extremely low liquidity caused the price to rise from $0.05 to about $317 in less than two minutes, then fall 98% within one hour. Eighty-four seconds after the price peaked, Market Maker 1 withdrew funds during the sell-off, reducing the funds available near the current price to absorb selling from $16,200 to zero. He said Market Maker 1 made about $686,000 in profit from its DEX position, while Market Maker 2 netted more than $2.1 million from related DEX trades, and argued that the market makers responsible for the launch problems should buy back and burn tokens. He said he bears ultimate responsibility, will not exit the project, and plans next week to burn most of the unclaimed tokens from the first airdrop; that airdrop accounted for 10% of the total supply.
According to Cointelegraph, the crypto political action committee Fairshake, backed by Coinbase, Ripple Labs, and Andreessen Horowitz, announced it will fund 32 House candidates in the 2026 U.S. midterm elections, including 19 Republicans and 13 Democrats. As an initial round, Fairshake will contribute $1 million each to the campaigns of six of these candidates, totaling $6 million. All 32 candidates previously voted in 2025 to advance the Digital Asset Market Clarity Act (CLARITY Act). The bill had earlier failed to pass a crucial procedural vote in the Senate, and its subsequent progress remains uncertain.
Odaily reports: The U.S. Commodity Futures Trading Commission (CFTC) on Monday initiated a rulemaking process aimed at establishing a unified federal regulatory framework for leveraged and margin spot trading of crypto assets for retail customers.The CFTC is considering establishing a new "Crypto Asset Market" registration category through two sets of rules: Regulation CTX and Regulation CAM. Qualifying crypto trading platforms would be able to offer leveraged and margin spot trading to retail users under CFTC oversight, subject to unified federal regulatory standards.This framework would provide an alternative compliance pathway for crypto exchanges currently operating under state-level licenses. However, the CFTC has made clear that without congressional authorization, the regulator cannot force all crypto asset trading onto CFTC-registered platforms.CFTC Chairman Michael Selig stated that this move is an important step toward continuing to make the United States the "crypto capital of the world," and said American investors need clearer rules, regulatory certainty, and consumer protection.Overall, the CFTC is attempting to use its existing authority to first establish a federal framework for retail crypto leveraged trading, rather than waiting for Congress to pass comprehensive market structure legislation. If ultimately implemented, U.S. crypto exchanges could for the first time gain a nationally unified regulatory pathway for retail leveraged spot trading, though the CFTC's mandatory jurisdiction over the entire crypto spot market still depends on congressional legislation.
Odaily reports: US Securities and Exchange Commission (SEC) Chair Paul Atkins stated that the SEC will continue advancing regulation of cryptocurrencies and digital securities, and will introduce more rules to ensure the digital asset market stays in the United States.On October 2, Paul Atkins said the SEC's proposed crypto asset custody regulatory framework aims to update rules established in 1940 that only apply to traditional asset custody and safekeeping. The move comes after the US Senate failed to pass the CLARITY Act last month.He noted that the framework is part of the SEC's efforts to build a comprehensive crypto asset regulatory system starting in 2025, following earlier proposals including Regulation Crypto Assets and the Innovation Exemption, the latter of which would establish a 5-year sandbox allowing US equities to be traded on decentralized exchanges and with liquidity providers.John Reed Stark, former head of the SEC's Office of Internet Enforcement, believes the regulatory push exceeds the SEC's authority and bypasses congressional power. Paul Atkins stated that more regulatory proposals are coming and that he will continue to assist President Trump in promoting the US as the global capital of cryptocurrency. (Bitcoin.com News)
The U.S. Senate failed to advance the Digital Asset Market Clarity Act, with the retirement of key lawmakers making it impossible to revive this 635-page bill, backed by both Wall Street and the crypto industry, before the end of the year, leaving the crypto regulatory framework facing a complete reset.
the U.S. Senate recently failed to advance the 635-page Digital Asset Market Clarity Act (Clarity Act), which aims to establish a regulatory framework for digital asset market structure.The bill sought to legally classify crypto tokens, set licensing requirements for trading-related businesses, and delineate the regulatory jurisdiction between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). (CoinDesk)
Mike Belshe posted on X stating that the failure of the CLARITY Act to advance leaves the US crypto market continuing to face systemic risks, particularly the risk of a single institution simultaneously controlling trading platforms, brokerage, and asset custody businesses.He stated that the collapse of a broker may cause localized losses; however, if the same institution simultaneously operates a trading platform and provides asset custody services, its collapse could drag the entire market into crisis, and its risks warrant more vigilance than the Lehman Brothers incident.
According to Cointelegraph, data from the Korea Financial Intelligence Unit (KoFIU) shows that operating profits of crypto exchanges in South Korea fell by 78% in the first half of 2026 compared to the previous six-month period, while exchange sales declined by 41% over the same timeframe. Market trading activity also cooled noticeably, with the average daily trading volume at domestic virtual asset exchanges dropping by 44% compared to the prior period. The total market capitalization of crypto assets decreased by 33%, KRW-denominated customer deposits fell by 35%, but the number of accounts eligible for trading saw a slight increase of 0.4%. The survey covered 26 registered virtual asset service providers, including 17 exchange operators and 9 custodian and wallet service providers, with data spanning from January 1 to June 30 this year.
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has submitted two proposed rules to the White House Office of Management and Budget (OMB): one would formally classify event contracts traded on platforms such as Kalshi, Polymarket, Crypto.com, and Robinhood under the regulatory definition of "swaps"; the other would explicitly exclude casino-style gambling products from the swaps category. This move aims to respond to recent federal court rulings—the Sixth and Eighth Circuits both ruled that Kalshi's sports-related contracts do not qualify as swaps and should be subject to state gambling regulations, while the Third Circuit upheld the CFTC's jurisdiction over prediction markets. With conflicting rulings across the circuits, the matter may ultimately need to be resolved by the U.S. Supreme Court. Currently, the CFTC comprises only one commissioner, Chair Mike Selig, with all related decisions made solely by him.
Odaily reports: Gemini co-founder Tyler Winklevoss said the current market hype around privacy coin Zcash is reminiscent of the 2019 crypto market, when Bitcoin had just emerged from the 2018 bear market and market attention shifted toward institutional infrastructure and custody.Zcash launched in 2016 and uses zero-knowledge proofs to enable private transactions. It has long faced regulatory scrutiny, and some exchanges have delisted it. According to CoinGecko data, the price of ZEC rose from about $511 in January 2026 to $1,335.51 on September 16. Since receiving approval from New York State in 2018, Gemini has become the first licensed exchange to offer Zcash trading and custody services.
Enterprise-grade digital asset infrastructure provider Cregis recently made its debut in the South Korean market, engaging with local exchanges, payment institutions, and Web3 enterprises. Centered on scenarios such as enterprise digital asset wallets, incoming and outgoing payments, and treasury management, the initiative aimed to assess the practical demand for digital asset infrastructure in South Korea and explore potential partnership opportunities. As digital asset applications progressively extend from trading into payments, financial services, and corporate operations, enterprises are increasingly demanding robust infrastructure for wallet management, fund movement, security, and compliant operations. Cregis noted that this inaugural presence in South Korea marks a crucial step toward deepening local market integration and gaining a clearer understanding of enterprise requirements. Established in 2017, Cregis delivers digital asset wallet, payment processing, and treasury management infrastructure to financial institutions, payment service providers, forex brokers, fintech firms, and Web3 enterprises. Headquartered in Hong Kong, the company has built out local operational teams in Dubai, New York, Singapore, Kuala Lumpur, and São Paulo, and has served a total of over 4,000 enterprise clients spanning more than 50 countries and regions.
Odaily News: The European Securities and Markets Authority (ESMA) has updated the MiCA register, with BCash, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank becoming the first batch of Greek crypto asset service providers to be included. The register added 6 institutions from Germany, France, and Slovenia, bringing the total number of registered institutions to 359.The Hellenic Capital Market Commission (HCMC) is responsible for supervising the first three institutions, while the Bank of Greece oversees Piraeus Bank. The HCMC denied that its officials had communicated with European Central Bank (ECB) officials regarding Binance's Greek MiCA application, and also denied making any statements about Lagarde intervening in the application; Binance withdrew its application on June 24. (Cointelegraph)
Bloomberg Intelligence Senior Commodities Strategist Mike McGlone (@mikemcglone11) noted that the Market Vector Digital Assets 100 Index (MVDA) has ceased outperforming the Nasdaq 100 Index (NDX) since the launch of Bitcoin futures in 2017. Although MVDA volatility is approximately three times that of the NDX, performance has remained flat over the past decade, and its positive correlation with the NDX fails to provide effective portfolio diversification benefits. McGlone stated that the approval of U.S. Bitcoin spot ETFs and the policy shift ahead of the 2024 Trump election may already mark a local peak for the crypto market, with a low probability of further upside. Approximately two-thirds of the MVDA's constituents consist of Bitcoin.
Odaily reports: The U.S. Senate failed to pass a key procedural vote on the Digital Asset Market Clarity Act, leaving the bill's future uncertain. The bill aims to clarify the division of regulatory authority over the crypto market between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).The two parties failed to reach agreement on ethics provisions that would restrict the crypto business ties of the President and senior government officials. Disagreements over stablecoin yield, decentralized finance risks, and the bill's text, combined with the approaching midterm elections, are all affecting the bill's advancement. (CoinDesk)
Odaily reports: A survey of 15 large institutions conducted by crypto asset management firm Bitwise shows that none of the surveyed institutions reduced their allocations during the approximately 50% decline in the crypto market from October 2025 to April 2026, with some increasing their positions.Some respondents who have not yet allocated to crypto assets have entered the stage of in-depth due diligence, and several sovereign wealth funds are evaluating large-scale allocations. One sovereign investor stated that establishing the legal and regulatory infrastructure needed for allocation could take more than a year.The crypto asset allocations of the surveyed institutions range from 0.5% to 13% of investable assets, with most falling between 1% and 2%. All institutions that have already established positions hold Bitcoin, which is typically their first, largest, and longest-held crypto asset position. (Bitcoin.com News)
Galaxy Research stated that the U.S. Commodity Futures Trading Commission (CFTC) this week issued guidance on "Mention Markets," which involve prediction markets tied to individual statements, event attendance, and interactions. The agency noted that unlike traditional event contracts such as whether the Federal Reserve will raise interest rates, where individuals cannot easily control the outcome, mention markets settle on the autonomous behavior of specific individuals—for example, "whether Musk will mention Bitcoin on the next SpaceX earnings call"—and therefore carry higher manipulation risk. The CFTC's Division of Market Oversight (DMO) believes that such markets should be presumed to be "susceptible to manipulation" and requires exchanges to assess them across four dimensions: independent constraints controlling the individual, external pressure risks, independent verification and public scrutiny, and trading rules and surveillance measures.Galaxy Research noted that the guidance does not constitute binding rules and does not prohibit exchanges from listing mention markets. However, even when the above criteria are met, it remains difficult to fully address the manipulation risk arising from individuals voluntarily triggering market outcomes without economic incentive, and the First Amendment also limits regulators' ability to impose prior restraints on individual speech.
According to CoinDesk, the crypto lobbying group Blockchain Association announced that CEO Summer Mersinger is stepping down, with original founder Kristin Smith assuming the role of interim leader, and the transition to be completed on October 16. This leadership change comes shortly after the industry's Digital Asset Market Clarity Act was rejected by the Senate.