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Project Overview
Session is a decentralized messaging platform that values user privacy. Its network is run by more than 2,000 nodes, providing users with built-in onion routing to hide their IP addresses. . The app does not require a phone number or other personal information to register. Instead, the user receives a session ID, which acts as a public key. Additionally, users will have a mnemonic phrase or private key for account recovery.
House Financial Services Committee Chair: Hopes CLARITY Act Will Pass During Lame-Duck Session After Midterm Elections
Odaily News: French Hill, Chairman of the U.S. House Financial Services Committee, said he hopes to push for the approval of the CLARITY Act during Congress's lame-duck session after next month's midterm elections. He believes that permanent legislation is needed to ensure the United States maintains its lead in digital assets and blockchain technology.French Hill previously pushed for the FIT21 Act, and stated that the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) are defining digital assets and digital commodities under existing regulatory authority, but such policies are still insufficient to replace a legislative solution.Last month, the CLARITY Act failed to secure the required votes in the Senate's vote to end debate, with a tally of 49 in favor and 50 against.Analysts pointed out that agency regulatory rules are more easily modified or revoked by a new administration, making it difficult to provide the certainty that congressional legislation can offer. Law firm Troutman Pepper Locke said that future administrations could adjust rule interpretations and enforcement priorities. (Bitcoin.com News)
Former U.S. House Financial Services Committee Chairman: CLARITY Act Poised for Passage During Post-Midterm "Lame Duck" Session
Odaily News: Former House Financial Services Committee Chairman @PatrickMcHenry believes that during the "lame duck" session following the midterm elections, as the political cycle comes to an end, the CLARITY Act is poised for passage. He stated, "They can deliver one last finished product here during the midterms." (CoinDesk)
US Officials: Clarity Bill Unlikely to Pass Lame-Duck Session, Focus Shifts to Regulation
White House and Treasury officials state that the Digital Asset Market Clarity Act is unlikely to pass during Congress's lame-duck session, with policy focus shifting to regulators such as the SEC and CFTC to accelerate rulemaking using their existing authority.
Clarity Act Vote Fails but May Not Be Dead, John Kennedy Says It Could Wait for Lame-Duck Session
Odaily News: A Fox Business crypto reporter posted on X that U.S. Senator John Kennedy said he was "not surprised" by the failure of the Clarity Act vote, but does not believe the bill is dead. John Kennedy stated that Democratic colleagues understand the need to establish a crypto market structure that appears to have been intentionally designed, but the related work will have to wait until the lame-duck session.U.S. Senator Ted Cruz, citing the film The Princess Bride, said there is a big difference between the bill being "dead" and "mostly dead," and expressed hope that it can be brought back to life. Ted Cruz blamed Democrats for the failed vote, saying they are "playing politics" and driving crypto industry activity and jobs overseas.
Binance Helps India Dismantle "Team Kalki" Dark Web Drug Trafficking Network, On-Chain Tracking Aids in Freezing Crypto Assets
According to Bitcoin.com, Binance's investigation team, jointly with India's Narcotics Control Bureau (NCB) and the Data Security Council of India (DSCI), successfully dismantled the darknet drug trafficking organization "Team Kalki". Reportedly, the gang used cryptocurrencies, the encrypted communication platform Session, the darknet forum Dread, and "dead drop" methods to distribute drugs within India, with supply originating from overseas suppliers; authorities have seized a large quantity of drugs from domestic and international packages. Binance and DSCI assisted law enforcement officers in identifying and freezing crypto assets related to the gang through blockchain analysis and wallet tracking technology. Binance Asia-Pacific Head S.B. Seker stated that the public transparency of blockchain makes illegal transactions easier to track and investigate.
Robinhood, MetaMask, and other institutions jointly launched the On-Chain Trading Coordination Protocol (OTL).
According to PR Newswire, the Open Transaction Layer (OTL) officially launched on May 28 as an open industry initiative aimed at establishing a unified transaction coordination standard for on-chain finance. OTL defines shared protocols among institutions, non-custodial wallets, and AI agents for identity verification, messaging, and transaction coordination—covering the entire transaction lifecycle, including discovery, compliance, and settlement. The founding alliance comprises over 25 members, including leading financial institutions, payment service providers, and blockchain foundations such as Fireblocks, Checkout.com, Cross River Bank, MetaMask, Robinhood, Securitize, Wintermute, Solana Foundation, and Polygon. OTL’s technical specifications are built upon mature standards including W3C Decentralized Identifiers (DIDs) and ISO 20022, and adopt a modular five-layer architecture covering Identity, Session, Transport, Messaging, and Application layers. The specifications have been published under an open-source license at otl.network, and the alliance is also open to additional institutional participation.
The State Administration of Foreign Exchange: Crack Down Harshly on Illegal Cross-Border Financial Activities
Odaily reports: Zhu Hexin, Party Secretary and Director of the State Administration of Foreign Exchange, chaired a Party Leadership Group meeting on October 30, 2026, to convey and study the important speech delivered by General Secretary Xi Jinping at the Fifth Plenary Session of the 20th Central Committee of the Communist Party of China and the spirit of the plenary session, and to study and plan the implementation of the relevant work. Members of the Party Leadership Group of the State Administration of Foreign Exchange attended the meeting.The meeting required resolutely implementing the major decisions and arrangements of the CPC Central Committee. It is necessary to earnestly implement the requirements of the "15th Five-Year Plan," improve a more convenient, more open, more secure, and smarter foreign exchange management system and mechanism, advance deep-level reform and high-level opening-up in the foreign exchange field, do a good job in the "five major articles" of finance, safeguard the stability of the foreign exchange market and national economic and financial security, crack down harshly on illegal cross-border financial activities, strengthen the development of foreign exchange reserve management and operation capabilities, and earnestly follow the path of financial development with Chinese characteristics.
Next week: Super Fed Week, tech earnings, and the Fifth Plenary Session
Next week, the Federal Reserve, the European Central Bank, and several other central banks will announce interest rate decisions, while key U.S. economic data including core PCE and GDP will be released. The Fifth Plenum of the 20th CPC Central Committee, the Israeli elections, and earnings reports from tech companies such as Microsoft and Alphabet will also be released concurrently.
Claude Hosted Proxy Adds Session Budget Feature, Auto-Pauses When Limit Reached
Claude launched an update for hosted agents this week; users can now set budgets for sessions to keep spending predictable. When a session reaches the budget limit, it will automatically pause and trigger the budget_reached event, and users can increase the budget amount to resume the session. This feature is designed to help developers better manage the operating costs of AI assistants.
Base Announces Cobalt Upgrade to Launch in September, Featuring Three Major UX Improvements
Base announced that Cobalt will launch in September, with key features including Sponsorship, Batch Calls, and Session Keys. Among these, Sponsorship allows applications to sponsor transaction fees for users, enabling free Gas; Batch Calls supports bundling multiple transactions into one, reducing operational steps; Session Keys allow users to authorize applications to sign transactions on their behalf within a specific scope, reducing repeated authorizations.
Robinhood, MetaMask, and other institutions jointly launched the On-Chain Trading Coordination Protocol (OTL).
According to PR Newswire, the Open Transaction Layer (OTL) officially launched on May 28 as an open industry initiative aimed at establishing a unified transaction coordination standard for on-chain finance. OTL defines shared protocols among institutions, non-custodial wallets, and AI agents for identity verification, messaging, and transaction coordination—covering the entire transaction lifecycle, including discovery, compliance, and settlement. The founding alliance comprises over 25 members, including leading financial institutions, payment service providers, and blockchain foundations such as Fireblocks, Checkout.com, Cross River Bank, MetaMask, Robinhood, Securitize, Wintermute, Solana Foundation, and Polygon. OTL’s technical specifications are built upon mature standards including W3C Decentralized Identifiers (DIDs) and ISO 20022, and adopt a modular five-layer architecture covering Identity, Session, Transport, Messaging, and Application layers. The specifications have been published under an open-source license at otl.network, and the alliance is also open to additional institutional participation.
Related news
Hong Kong Exchanges: Extends After-Hours Trading Session for Derivatives
The Hong Kong Exchange will extend the after-hours trading session for derivatives. Starting from March 2027, the closing time for the exchange's derivatives after-hours trading session will be extended from the current 3:00 a.m. to 4:15 a.m.; it will consider whether to further extend the closing time to 5:15 a.m. in November 2027 based on market development following the extension of the after-hours session.
The State Administration of Foreign Exchange: Crack Down Harshly on Illegal Cross-Border Financial Activities
Odaily reports: Zhu Hexin, Party Secretary and Director of the State Administration of Foreign Exchange, chaired a Party Leadership Group meeting on October 30, 2026, to convey and study the important speech delivered by General Secretary Xi Jinping at the Fifth Plenary Session of the 20th Central Committee of the Communist Party of China and the spirit of the plenary session, and to study and plan the implementation of the relevant work. Members of the Party Leadership Group of the State Administration of Foreign Exchange attended the meeting.The meeting required resolutely implementing the major decisions and arrangements of the CPC Central Committee. It is necessary to earnestly implement the requirements of the "15th Five-Year Plan," improve a more convenient, more open, more secure, and smarter foreign exchange management system and mechanism, advance deep-level reform and high-level opening-up in the foreign exchange field, do a good job in the "five major articles" of finance, safeguard the stability of the foreign exchange market and national economic and financial security, crack down harshly on illegal cross-border financial activities, strengthen the development of foreign exchange reserve management and operation capabilities, and earnestly follow the path of financial development with Chinese characteristics.
SlowMist: Udesk Customer Service Script Infected with Malicious Code, Can Steal User Session Data and Replace Deposit Addresses
According to SlowMist, its security personnel discovered during routine threat intelligence monitoring that the Udesk customer service system-related script udeskApi.2026-10-16.cached.js has been implanted with a malicious loader. The loader hides the address using hexadecimal encoding and asynchronously loads the remote script deeps.js (originating from udeskqlobal[.]com; note that the domain starts with the letter 'q'). This script reads page-accessible Cookie, localStorage, and sessionStorage data, intercepts form submissions and login/authentication requests, and sends the data to udeskqlobal[.]com/c.php, enabling attackers to hijack sessions or take over accounts. This data collection behavior is not restricted by target site policies, and unmatched pages may also be affected. According to SlowMist's analysis, the script also targets three categories of sites: mgbx[.]com, bikingex[.], and bitxex[.]io. It scans deposit pages every 200 milliseconds and replaces recognized deposit addresses with preset BTC, EVM, TRON, Solana, LTC, and DOGE addresses. Additionally, by wrapping the Clipboard API, replacing copy buttons, and intercepting copy events, the script ensures users only see and copy tampered addresses. If users transfer funds to these addresses, the assets will flow into the attacker's wallet.
Next week: Super Fed Week, tech earnings, and the Fifth Plenary Session
Next week, the Federal Reserve, the European Central Bank, and several other central banks will announce interest rate decisions, while key U.S. economic data including core PCE and GDP will be released. The Fifth Plenum of the 20th CPC Central Committee, the Israeli elections, and earnings reports from tech companies such as Microsoft and Alphabet will also be released concurrently.
House Financial Services Committee Chair: Hopes CLARITY Act Will Pass During Lame-Duck Session After Midterm Elections
Odaily News: French Hill, Chairman of the U.S. House Financial Services Committee, said he hopes to push for the approval of the CLARITY Act during Congress's lame-duck session after next month's midterm elections. He believes that permanent legislation is needed to ensure the United States maintains its lead in digital assets and blockchain technology.French Hill previously pushed for the FIT21 Act, and stated that the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) are defining digital assets and digital commodities under existing regulatory authority, but such policies are still insufficient to replace a legislative solution.Last month, the CLARITY Act failed to secure the required votes in the Senate's vote to end debate, with a tally of 49 in favor and 50 against.Analysts pointed out that agency regulatory rules are more easily modified or revoked by a new administration, making it difficult to provide the certainty that congressional legislation can offer. Law firm Troutman Pepper Locke said that future administrations could adjust rule interpretations and enforcement priorities. (Bitcoin.com News)
Former U.S. House Financial Services Committee Chairman: CLARITY Act Poised for Passage During Post-Midterm "Lame Duck" Session
Odaily News: Former House Financial Services Committee Chairman @PatrickMcHenry believes that during the "lame duck" session following the midterm elections, as the political cycle comes to an end, the CLARITY Act is poised for passage. He stated, "They can deliver one last finished product here during the midterms." (CoinDesk)