Odaily reports: Coinbase posted on X that spot margin trading is only available to eligible clients in specific jurisdictions; in the United States, it is available only to eligible contract participants. The lending entity, custodian, and spot execution entity depend on the client's jurisdiction, subject to applicable terms. Borrowing amplifies gains and losses, collateral may be liquidated without prior notice, and clients may lose more than their initial deposit; spot margin trading is provided by a Coinbase affiliate and is not a CFM product.

Odaily reports that Hunter Biden on Wednesday released a forensic report produced by Groom Lake regarding the LAPTOP Meme coin launch, and called out the anonymous market maker involved in the issuance, stating that "the market maker who botched the launch should buy back all the tokens and burn them."

The report shows that a wallet possibly controlled by "Market Maker 1" received $500,000 before the launch, but only deployed approximately $5,200 at launch, accounting for about 1%. All liquidity providers combined contributed fewer than 30,000 LAPTOP tokens to the main pool, representing only about 0.003% of the initial 1 billion token supply.

The extremely low initial liquidity made LAPTOP's price highly susceptible to being moved by small trades. According to the report, a single $6 buy order could push the quote up by approximately 5%. Combined with high-frequency early trading and liquidity fluctuations, this led to extreme price volatility on launch day.

Biden stated that "the biggest winner in this launch was the market maker." The report further supplements previous explanations regarding the failed launch. Last month, the project team attributed the price anomalies primarily to sniper bots and insufficient liquidity.

Notably, as of October 7, the 300 million founder tokens held by the project team had still not been transferred. The core of the current controversy remains focused on the market maker's launch execution, liquidity allocation, and whether it improperly profited from the extreme volatility.

Odaily News: Stablecoin issuer Circle has partnered with Tereina, a financial services company backed by German enterprise software company SAP, to bring USDC and EURC into SAP customers' enterprise payment processes. Enterprises using SAP financial software can send and receive both stablecoins within existing applications, with USDC used for USD-denominated transactions and EURC for EUR-denominated payments.

Tereina provides payment infrastructure that can be embedded into enterprise software, enabling businesses to complete payments without switching to other financial platforms. The two parties plan to test stablecoin integration with customers over the coming months, applying it to global payments and treasury management operations; the SAP ecosystem covers 84% of global commercial activity.

The partnership comes less than a month after Circle launched the mainnet of Arc, a Layer 1 blockchain focused on stablecoin payments and financial markets. Arc uses USDC to pay transaction fees and supports over 20 fiat-backed stablecoins, including USDC and EURC. (Cointelegraph)

Odaily reports: Bitcoin News posted on X platform that Lightspark has released a dotMoney prototype, allowing users to send test funds by sharing links, .money files, or directly between nearby iPhones. The files can be sent via AirDrop, messaging apps, or stored on a USB drive; the underlying funds are transferred between wallets via Spark. Each file can only be claimed once, and copying or forwarding will not generate duplicate funds. The sender can also cancel unclaimed payments. Currently, the prototype uses test funds with no monetary value, and Lightspark is also testing bank, Cash App, and Lightning withdrawal functionality through Grid.

Odaily reports: Bitcoin News posted on the X platform that the International Monetary Fund has completed the second and third reviews of El Salvador's $1.4 billion financing facility, disbursing $139 million, and granted a waiver after the country violated its Bitcoin holdings limit. The IMF now expects that, apart from documented donations, the Salvadoran government will not purchase additional Bitcoin and will enhance the transparency of its public Bitcoin holdings.

Odaily News: Decentralized finance (DeFi) protocol Sky Protocol has been granted a B3 long-term counterparty risk rating by credit rating agency Moody's, with a stable outlook; this is the first time Moody's has rated a stablecoin protocol.

As of September, Sky Protocol held approximately $90 million in tangible common equity, corresponding to about $10 billion in tangible managed assets. Moody's described its capital position as a "significant credit weakness." Sky Protocol, formerly known as MakerDAO, is responsible for managing the dollar-pegged USDS and DAI.

Moody's noted that approximately 45% to 50% of Sky Protocol's assets consist of stablecoins and tokenized money market funds, with another approximately 25% in crypto-collateralized loans. Its rating is also constrained by low capital adequacy, confidence-sensitive stablecoin liabilities, and risks related to its DAO structure.

If the capital ratio rises to and remains above 2.5%, and profitability, liquidity, and asset risk remain stable, Sky Protocol's rating may be upgraded; if the capital ratio falls below 0.5%, it reports consecutive quarterly losses, or liquidity weakens, the rating may be downgraded. (Bitcoin.com News)

Odaily reports: Bitcoin News posted on X that Strategy currently holds 848,000 BTC, while BlackRock's IBIT holds 805,222 BTC, bringing their combined holdings to 1.653 million BTC, approximately 7.9% of the 21 million total supply cap. Based on Monday's price of $85,179, these BTC are worth approximately $141 billion. Some of this is held on corporate balance sheets, while the rest backs ETF issuance and redemption shares.

Odaily News: Capital Group's Growth ETF has increased its Strategy holdings by 535,300 shares, bringing its total position to 2.19 million shares, valued at approximately $336 million. Capital Group, which manages $3.3 trillion in assets, had previously further increased its position through ANCFX, which purchased 4.32 million Strategy shares in April 2026 for approximately $747 million. ANCFX currently holds 10.33 million shares, valued at approximately $1.78 billion. For traditional asset allocation institutions, MSTR remains a leveraged Bitcoin exposure that can pass compliance reviews through stock exchange channels.

Odaily reports that according to Onchain Lens monitoring, Wintermute sold 619.59 BTC through Binance, worth $51.7 million. Meanwhile, BlackRock's IBIT ETF bought and received 1,426.47 BTC from Coinbase Prime, worth $119 million.

According to Onchain Lens monitoring, the U.S. government has transferred an additional 94.15 million USDT from seized FTX/Alameda funds to Coinbase Prime. The cumulative transfer amount over the past few hours has reached approximately $566 million.

Odaily News: According to Bitcoin News monitoring, Arkham reports that US government-linked wallets transferred approximately 4,695 BTC, along with WBTC and USDT, through a series of transactions today, involving total assets worth approximately $470 million. On-chain analyst @TimechainIndex independently flagged the same batch of approximately 4,695 BTC, distributed across 4 transactions. The assets are related to seizures tied to the Bitfinex hack and FTX/Alameda, with some assets already sent to Coinbase Prime deposit addresses. This transfer follows the US government's additional transfer to Coinbase Prime yesterday.

According to Odaily, Bitcoin Treasuries posted on X platform that Marusho Hotta, a Japanese company with a 165-year history, has changed its name to Bitcoin Japan Corp (8105.T), adding 5.88 BTC to its holdings, and currently holds a total of 17.8 Bitcoins.

According to Gate data, Brent crude oil (XBRUSD) fell to $104/barrel, currently at $103.94/barrel, down 0.2% in 24 hours.

Odaily: predict.fun posted on X that Polymarket announced at TOKEN2049 on-site that the probability of a token has dropped from 63% to 17%.

Odaily Reports — According to Onchain Lens monitoring, Hyperliquid Labs completed the unstaking of 3.75 million HYPE tokens within 7 days, valued at $330 million, and the tokens have now been credited to its spot balance. These tokens will not be sold on the open market; the Hyperliquid Labs team has reached an over-the-counter (OTC) trading agreement with an undisclosed institution. As of now, 1.875 million HYPE have been distributed to 5 OTC buyer wallets, with each wallet receiving 375,000 tokens, accounting for 50% of the 3.75 million OTC distribution quota.

Odaily News: According to Onchain Lens monitoring, the Hyperliquid Labs-related page lists 5 OTC buyer wallets, namely OTC buyer wallet (0x3460...18fc), OTC buyer wallet (0xa5d4...29fd), OTC buyer wallet (0x84ac...7dbf), OTC buyer wallet (0x6146...80f3), and OTC buyer wallet (0x8044...c7ac).