Odaily News: According to on-chain analyst Ember Monitoring, 6 hours ago, a U.S. government address transferred out 833.6 BTC and 40,300 BNB, worth $103 million. Among them, 833.6 BTC has entered Coinbase Prime; 40,300 BNB, after multiple transfers, is currently located at address 0xBE7...81E. The U.S. government address currently still holds assets worth $28 billion, primarily consisting of 324,000 BTC, valued at $27.7 billion.

Odaily News: ether.fi has announced a partnership with MoonPay to migrate its core payment infrastructure to MoonPay's integration stack, enabling deposits, on-chain transfers, and withdrawals under a self-custody model. The two parties will launch four products: Headless Ramps for UI-free on-ramp and off-ramp, Trade for cross-chain swaps and routing, Enterprise for corporate-grade virtual accounts supporting ACH, SWIFT, and SEPA, and crypto top-ups. Following the integration, users will only need to complete identity verification once.

ether.fi disclosed that its card processed $123.7 million in spending in September across 1.5 million transactions, representing a more than 5x year-over-year increase; cumulative spending from April 2025 to date has reached $918.1 million, with platform assets under management exceeding $6 billion.

Odaily News: Hyperliquid Labs has confirmed that its headquarters are located in Singapore. Corporate documents show Singapore as its registered headquarters, and recent job postings also indicate that it has an office locally. The Monetary Authority of Singapore (MAS) previously stated that it does not consider Hyperliquid to fall within its regulatory jurisdiction, and said it is unclear whether Hyperliquid is regulated by any major jurisdiction. Hyperliquid Labs stated that Hyperliquid is currently unregulated and has never claimed to be licensed or authorized by the MAS. Hyperliquid-related products allow users to trade on the price movements of assets such as cryptocurrencies, crude oil, and equities.

Odaily reports that Navra has announced the completion of an oversubscribed $19 million Series A funding round, led by Ribbit Capital, with participation from Baseline, DCM, and others. Jump Crypto and Figure Technology Solutions are strategic investors. Navra primarily provides access to multiple blockchain venues through a single interface, with direct connections to DeFi yield protocols and cash ramps. It offers keyless self-custody services that meet qualified custody requirements, with built-in AI agents; the institutional version also supports enterprise team management and full audit trails.

Odaily News: The Dubai Virtual Assets Regulatory Authority (VARA) issued a reserve asset audit circular on October 6, clarifying the minimum requirements for independent audits of VASPs. VASPs must maintain reserves of no less than 100% of customer liabilities throughout the entire review period, held 1:1 in the same virtual assets, with daily reconciliation. The audit scope must cover hot wallets, warm wallets, cold wallets, third-party wallet infrastructure, and third-party custodied assets, and must verify customer asset segregation, wallet control, and whether any re-staking, lending, or other use exists.

Odaily News: Prediction market platform Kalshi has won a partial preliminary injunction against the state of Illinois. On October 2, Judge Martha M. Pacold of the U.S. District Court for the Northern District of Illinois ruled that the state's sports betting licensing regime and related criminal provisions may be preempted by federal law and cannot currently be enforced against Kalshi.

The ruling temporarily blocks Illinois from requiring Kalshi to hold a state license, which was originally intended to restrict traders to those aged 21 or older and physically located within the state, as well as to limit the sporting events that contracts could track. The court also declined to rule on Illinois's newly established prediction market fees.

Pacold stated that contracts on championship winners may constitute swaps under the Commodity Exchange Act and should be traded on designated contract markets and subject to federal regulation. This determination differs from the Ninth Circuit Court of Appeals' August conclusion that such contracts constitute gambling rather than swaps.

This is Kalshi's first victory in federal court since July. Illinois's new budget law imposes a 1.75% fee on the first 5 million relevant transactions on exchanges, then 3.5% thereafter, plus a 15% gross revenue fee and a per-transaction fee of 25 or 50 cents; the court has asked the parties to submit supplemental briefs on the fee issue. (Bitcoin.com News)

Odaily reports that Brian Armstrong posted on X stating that Coinbase for Agents has launched several new features in recent weeks. Users can connect their commonly used Agents to Coinbase to manage portfolios, trading, payments, and handle various matters in their financial lives.

Odaily News: Bitcoin News posted on X platform that the SEC has approved Cboe BZX to list the 3x Bitcoin ETF launched by Volatility Shares. The product aims to track 3 times the daily fluctuation of the Bitcoin futures benchmark. When Bitcoin futures rise 1%, the fund targets a 3% gain before fees; when they fall 1%, it targets a 3% loss. The ETF still needs to wait for its registration statement to become effective before trading, and the fund holds Bitcoin futures rather than spot Bitcoin.

Odaily News: Two Hyperliquid wallets linked to Abraxas Capital Management collectively hold approximately $1.58 billion in net short exposure, with Bitcoin and Ethereum-related positions valued at approximately $948 million. As of 2:55 PM EST on October 6, both wallets maintained these positions.

The positions in both wallets include approximately 189,400 ETH and 5,120 BTC, with unrealized losses of approximately $115 million. On-chain data shows that both addresses hold substantial assets and have records of millions of dollars in deposits, and their spot holdings may hedge part of the short exposure.

London-based investment firm Abraxas Capital Management has been identified by Nansen and Arkham Intelligence as the entity behind the related addresses, with Arkham labeling them as affiliated with Heka Funds. In addition to BTC and ETH, both wallets also hold short positions in assets including SOL, HYPE, ENA, XRP, SUI, and PUMP. (Bitcoin.com News)

Odaily News: Abstract has announced that the network will gradually wind down, with the chain set to cease operations on December 15, 2026, after which any funds not migrated will become inaccessible. Users can migrate their assets through the official migration center or the native cross-chain bridge, with the native bridge expected to have a delay of approximately 3 hours. Abstract stated that a chain focused on consumer-grade crypto is difficult to sustain as a standalone model, citing factors such as a limited DeFi ecosystem and weak on-chain liquidity that have led to stagnant network growth. Abstract, launched by the Pudgy Penguins team, is an Ethereum Layer 2 network that had previously attracted over 400,000 users and deployed more than 144 applications. Abstract is reminding users to beware of fraudulent migration websites.

Odaily News: The UK government has appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest, and RBC Capital Markets as joint lead managers for its first digital-native government bond, the Digital Gilt Instrument (DIGIT), which is expected to be issued in the first quarter of 2027. The six banks will provide underwriting, investor communication, and distribution services.

DIGIT will be issued through a platform within the UK Digital Securities Sandbox and will test the application of distributed ledger technology in the issuance and full lifecycle of government bonds, including on-chain settlement. Lucy Rigby, Economic Secretary to the UK Treasury, stated that the project aims to explore the application of distributed ledger technology in the sovereign debt market and to advance the development of the UK's digital financial infrastructure.

HSBC was appointed in February as the distributed ledger technology provider for the pilot, and in July reached an agreement with London Stock Exchange Group to develop a connectivity solution for a digital securities depository. (Cointelegraph)

Odaily reports that Bitcoin News posted on X that BTCPay Server has released version 2.4.5, strengthening Lightning and LNURL security and improving invoice generation performance. This version makes Tor optional in Docker deployments, limits the scope of public Lightning API exposure, and removes multiple deprecated or unmaintained integrations. All server administrators are advised to update, and operators relying on Tor or affected integrations should first review deployment changes. The Plugin Builder, which was previously suspended due to a server breach, has reopened, with build tasks now running in temporary isolated sandboxes, and new security controls including build output verification, administrator audit logs, new account and build notifications.

Odaily reports that trade.xyz announced on X that LRCX is now live, supporting 10x leverage and offering 24/7 trading year-round.

Odaily reports that trade.xyz posted on X stating that UMC is now live, supporting 10x leverage and operating 24 hours a day, 365 days a year.

Odaily News: Umia announced it has raised $6.11 million through a 7-day UMIA token auction, selling 34.6% of the total UMIA supply at a fully diluted valuation of $18 million. Approximately 45% of the subscription funds came from institutional investors, with 10 funds and nearly 700 individual bidders participating, including Galaxy Ventures, DCG, and Draper Associates. Umia provides legal frameworks, on-chain auctions, and governance tools for crypto projects, and its first external project, Slop.cash, is expected to launch in Q4 2026.

Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X that Winklevoss has filed for a Zcash ETF, exactly 13 years after abandoning its first spot Bitcoin ETF application.