Odaily News: French Hill, Chairman of the U.S. House Financial Services Committee, stated that regulators' efforts to advance digital asset regulation lack the long-term stability that congressional legislation would provide. He hopes Congress will pass the CLARITY Act during the lame-duck session before the new Congress takes office in 2027.

The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) have previously proposed related rulemaking plans. French Hill stated that the regulatory actions of the two agencies following the U.S. Senate's failure to pass the CLARITY Act last month are still insufficient to serve as a substitute for a legislative solution.

SEC Chairman Paul Atkins and CFTC Chairman Michael Selig have announced that they will proceed with cryptocurrency regulation in accordance with the directives of U.S. President Donald Trump. As of Wednesday, there were a total of 7 vacancies in the leadership of the two agencies; among them, Hester Peirce announced last week that she would resign as an SEC Commissioner, and the CFTC is currently led solely by Selig as Chairman and Commissioner. (Cointelegraph)

Odaily reports that Coinbase has announced it will list Pons (PONS) for spot trading on October 7. If liquidity conditions are met and trading is supported in the relevant regions, the PONS-USD trading pair will open today.

Odaily News: Coinbase will list Pons (PONS) for spot trading on October 7. If liquidity conditions are met and trading is supported in the relevant regions, the PONS-USD trading pair will open today.

Odaily News: The number of stablecoin holding addresses on the Solana blockchain network has exceeded 14.02 million, hitting a record high and marking a significant increase from fewer than 4 million at the end of 2024. Solana's stablecoin supply has surpassed $15 billion, with cumulative stablecoin card transaction volume breaking through $1 billion.

The Solana Foundation launched Solana DvP on October 6, an open-source delivery-versus-payment framework designed to synchronize the settlement of tokenized assets and cash within a single atomic transaction. The system employs an escrow isolation mechanism, aiming to complete settlement within seconds and reduce the risk of one party completing a transaction while the other fails.

J.P. Morgan provided input on institutional settlement needs during the development period. The audited Solana DvP standard is applicable to tokenized stocks, funds, and other real-world assets. (Bitcoin.com News)

Odaily News: By open interest size, Hyperliquid now holds 11.9% of the global perpetual contract market, including all centralized trading platforms such as Binance, Bybit, and OKX, setting a new all-time high.

According to on-chain analyst Yu Jin's monitoring, the 3.75 million HYPE that the Hyperliquid development team HyperLabs address (0x43e9...a251) applied to unstake 7 days ago was successfully redeemed 2 minutes ago, worth $332 million.

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.

Odaily reports: According to on-chain analyst Ember, the U.S. government address transferred out $103 million in assets in the early hours of this morning, and 15 minutes ago transferred another 750.2 WBTC worth $62.34 million to Coinbase Prime. Over the past 24 hours, the address has transferred out $165 million in assets, of which 1,583.8 BTC worth $134 million went into Coinbase Prime.

Odaily reports that Injective has released a new whitepaper, marking the first comprehensive rewrite since the initial version in December 2018. The new version positions Injective as a Layer 1 for institutional-grade finance and asset tokenization, covering the full lifecycle of tokenized assets from issuance and trading to settlement, and introduces native RWA tokenization mechanisms as well as iAssets derivatives. Tokenized assets can be traded on a fully on-chain central limit order book, with uniform price clearing through sealed-bid high-frequency batch auctions; BFT consensus provides deterministic finality, with block times of approximately 600 milliseconds. The new version also covers native EVM and WASM, perpetual contract risk management, and AI agent finance, with on-chain protocol revenue flowing toward regular INJ community buybacks.

Odaily News: U.S.-listed company Universal Safety Products has announced that it will rebrand as DeFi Capital Markets on October 19 and trade under the new ticker DCM. The company will gradually wind down its existing product business and pivot toward asset tokenization, digital assets, market making, quantitative trading, and blockchain-based financial markets.

Odaily reports that Uniswap posted on X that US and South Korean stock tokens issued by Stove Finance have launched on Arbitrum and are now tradable on Uniswap Apps, powered by UniswapX.

According to Lookonchain monitoring, Machi (@machibigbrother)'s 39,000 ETH long position is worth $99.8 million and is nearing liquidation, with a liquidation price of $2,501.38.

Odaily Report: Blockchain platform Solana has launched x402 batch payment functionality through PayAI Network and BlockRunAI, enabling AI agents to initiate multiple USDC payments and settle them all through a single on-chain transaction.

BlockRunAI has already applied this technology to its AI model routing service. The company states that by consolidating multiple model calls into a single USDC settlement, it can save over $20,000 per month in network fees and reduce latency by approximately 10x; its service provides access to over 113 AI models through a single endpoint.

Solana development organization Anza stated that the upgrade to ultimately reduce Solana's block time to 200 milliseconds is expected to go live around 15:00 UTC on October 9, having previously been gradually reduced from 400 milliseconds to 350, 300, and 250 milliseconds. (Bitcoin.com News)

According to Gate data, Brent crude oil (XBRUSD) has risen above $106/barrel, currently trading at $106.05/barrel, with a 24-hour gain of 4.2%.

Odaily News: According to MSX.COM data, at the U.S. stock market open, the Dow Jones Industrial Average fell 0.63%, the S&P 500 Index dropped 0.4%, the Nasdaq fell 0.57%, and the VIX fear index rose 5.06%. AI-related stocks fell broadly, with Astera Labs down 5.46%, Teradyne down 4.54%, Marvell down 3.15%, Arm down 3%, and Arista Networks down 2.71%.

It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular U.S. stocks and ETF token targets such as Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD.