Odaily News: A panel of judges on the US Sixth Circuit Court of Appeals has ruled that prediction market platform Kalshi's sports event contracts do not constitute swaps, and are therefore subject to state-level gambling regulation rather than US Commodity Futures Trading Commission (CFTC) rules.

The ruling involves two lawsuits filed by Kalshi against regulatory authorities in Ohio and Tennessee. Kalshi sought injunctions to block the two states from pursuing legal action against it, but the Ohio federal court denied its request, while the Tennessee federal court granted it. (CoinDesk)

Odaily reports: Privacy blockchain network Zano has disclosed that an inflation vulnerability involving Gateway Addresses has forced it to plan a rollback of approximately 24 hours of blockchain history, and has urged users to immediately cease all economic activity related to ZANO and Confidential Assets.

Zano has promised to compensate for losses caused by the rollback, but has not yet announced the target block height for the rollback, the patched version, the compensation process, the mechanics of the vulnerability, or the amount of unauthorized assets created. Gateway Addresses went live on August 26 with Hard Fork 6. (Bitcoin.com News)

Odaily reports: Prediction market and derivatives platform OG.com Markets has submitted a rule filing to the U.S. Commodity Futures Trading Commission (CFTC) seeking to launch cash-settled perpetual futures on individual stocks with no expiration date, tradable 5 days a week, 24 hours a day.

OG.com recently spun off from cryptocurrency exchange Crypto.com to become an independent platform valued at $5 billion. Coinbase, Payward's Bitnomial exchange, and Kalshi have also applied to offer U.S. single-stock perpetual futures. (Cointelegraph)

Odaily: Coinbase posted on X that IPO is now available on Coinbase, with the first issuance project being Oura Ring. Users can apply for subscription allocations directly through the app before public trading begins. The application window will remain open until 4 PM ET on September 29, and applications can still be submitted during the weekend.

Odaily reports that Bitcoin News posted on X platform that Coinbase has launched fixed-rate, fixed-term USDC loans backed by Bitcoin through Morpho Midnight, allowing borrowers to obtain USDC without selling their Bitcoin.

The interest rate and repayment date for this product are determined at the start of the loan; if the borrower fails to repay the USDC and interest by the maturity date, the collateralized Bitcoin may be liquidated. Coinbase's existing floating-rate Bitcoin-backed loans powered by Morpho have surpassed $1.4 billion in active or outstanding loan volume, with collateral value of approximately $3 billion.

Odaily News: Bitwise CEO posted on X that the Bitwise Solana Staking ETF saw over $110 million in net inflows this week. Many people seem to think Solana is performing well.

Odaily Report: xStocks has issued assets totaling $858 million across 8 networks. Among them, Solana leads with $502 million in assets; X Layer and Ethereum hold $180 million and $160 million respectively. Assets on chains other than Solana account for 41% of the total asset scale.

Odaily reports that autopsy results show Hsin-Ju Chuang, a former partner at crypto venture capital firm Hack VC, died by suicide on August 24. The California Highway Patrol stated that the investigation into the specific circumstances of the incident is still ongoing.

Odaily: A Fox Business crypto reporter posted on X that Blockchain Association CEO Summer Mersinger will resign. Kristin Smith, who previously served as the organization's CEO and currently serves as President of the Solana Institute, will return to serve as interim CEO.

Odaily: According to a Fox Business crypto reporter on X, SEC staff has released a new FAQ explaining how the Commission's March digital asset interpretive guidance applies to token functionality, staking receipt tokens, and investment contracts.

The guidance states that once a network is functional, services provided to maintain, improve, or develop the network generally do not constitute "essential managerial efforts" under the Howey Test. The FAQ reflects only staff views and does not carry the force of law.

Odaily reports that Sui stated on X that SlushWallet is purpose-built for Sui, supporting policies, replacing addresses with SuiNS names, and gas-free stablecoin transfers that settle in under 1 second. The wallet is developed by Mysten Labs.

Odaily News: A Fox Business crypto reporter posted on X platform that SEC Commissioner Hester Peirce, known as "Crypto Mom," will leave the SEC on October 2 after nearly 9 years of service on the commission. She will join Regent University School of Law in November as an associate professor.

Odaily News: Over the past 30 days, spot DEX trading volume of tokenized stocks on the Base chain reached approximately $1.3 billion, a 153.8% increase compared to the previous 30 days. Among this, tokenized stocks issued by Coinbase accounted for approximately $1.2 billion in trading volume, representing the vast majority; st0x-related assets recorded approximately $90 million in trading volume.

Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Cash FX Group S.A. and its CEO Huascar Jose Lopez Castillo, The Conversion Pros Inc. and its CEO Ronald Pope, and Justin Halladay, alleging that the defendants operated a multi-level marketing Ponzi scheme, raising over $950 million from the public, including in the United States, purportedly for retail forex contract trading.

The CFTC stated that the defendants falsely claimed funds were traded by professional traders, proprietary algorithms, and AI, and promised returns of up to 15% per week; in reality, Cash FX conducted only minimal forex trading, and nearly all participant funds were misappropriated, with funds from new participants used to pay fictitious trading profits to other participants, while millions of dollars were paid to the defendants. The CFTC also stated that Cash FX provided participants with false account statements to maintain the illusion of high trading returns, and participants lost at least $406 million. The CFTC is seeking restitution, disgorgement of ill-gotten gains, civil monetary penalties, trading and registration bans, and permanent injunctions against the defendants.

Odaily reports that the LAPTOP token launched by Hunter Biden, son of former U.S. President Biden, has seen its market cap drop below $25 million, a 99.9% decline from its launch. Some sources claim the project team is estimated to have profited "tens of millions of dollars."

In response, Hunter Biden said: "Who made that estimate? I already said the project's launch performance was terrible, and I also said the accounts would be published."

Hunter Biden also stated that the team wallet has not sold any LAPTOP tokens. The tokens held by the team are locked for 6 months, followed by a two-year vesting schedule, which has already been explained in the relevant disclosure documents. He also demanded that those claiming the team profited "tens of millions of dollars" publish the relevant wallet addresses.

Odaily reports: US-Iran negotiations have entered the technical consultation stage. According to Gate data, possibly influenced by this, Brent crude oil plunged 4.00% intraday, currently at $96.71 per barrel.