Odaily News: A Fox Business crypto reporter posted on X that over the past week, they emailed the White House three times asking whether Patrick Witt still serves as Executive Director of the White House Crypto Council, but received no response; Witt declined to comment.
A person familiar with the matter said that Witt is a U.S. Department of Defense employee currently serving at the White House Crypto Council on a temporary secondment basis, and that his secondment term has expired or is about to expire, with it remaining unclear whether it will be renewed. Earlier this year, Witt postponed his service in the Georgia National Guard and is expected to resume it. After Deputy Director HarryYJung departed at the end of July and David Sacks' tenure as head of crypto and AI affairs ended earlier this year, Witt became the only remaining staff member on the council.
Odaily: Tarek Mansour, CEO of prediction market company Kalshi, said that if U.S. courts side with states claiming gambling regulatory authority over such businesses, Kalshi would be forced to move overseas.
Despite two federal courts having ruled against its position, Tarek Mansour said he remains "quite confident" about Kalshi's legal standing in the United States. (CoinDesk)
Odaily News: Cryptocurrency exchange Coinbase stated that the Bitcoin it custodies accounts for approximately 5% of the total existing Bitcoin supply, and urged Bitcoin developers to immediately begin addressing the quantum computing threat. Coinbase pointed out that Bitcoin consensus changes and ecosystem migration could take years, and action cannot wait until quantum computers with the capability to break signature schemes emerge.
Coinbase recommends adopting a flexible "container" design similar to BIP-360 to enable the gradual replacement of quantum-resistant signature systems; it also proposed a phased "1-of-2" approach that would allow the same funds to be spent via either traditional keys or quantum-resistant keys during the transition period. The proposal would also need to be compatible with multi-party computation (MPC) key-splitting mechanisms.
Coinbase stated that dormant, lost, and Satoshi-era Bitcoin holdings constitute a separate governance issue, and that any rescue mechanism itself must also be quantum-resistant. In January of this year, Coinbase established a Quantum Advisory Board; in July, it joined the Bitcoin Security Alliance alongside BlackRock and Strategy, with a combined commitment of $15 million for Bitcoin's quantum-resistant overhaul. (Decrypt)
Odaily reports that the European Banking Authority has designated USDC, issued by Circle Internet Financial Europe SAS, as the first significant e-money token under the Markets in Crypto-Assets Regulation. Currently, a total of 45 e-money tokens in the EU have been notified under MiCA. Starting from November 12, 2026, prudential supervision responsibilities for USDC—including own funds, reserve assets, liquidity requirements, and recovery and redemption plans—will be transferred from the French Prudential Supervision and Resolution Authority to the European Banking Authority, while the French Prudential Supervision and Resolution Authority will continue to oversee areas such as corporate governance, qualifying holdings, outsourcing, and conflicts of interest.
Odaily reports: Bitcoin News posted on X that the Securities and Exchange Commission of Thailand has completed the formulation of Bitcoin ETF rules. The new regulations will take effect on October 16, with Bitcoin included as a qualifying asset in the first phase. Under the rules, relevant funds must maintain an average net exposure of at least 80% of net asset value in each fiscal year, custodians must be licensed by the Securities and Exchange Commission of Thailand, fund shares may only be traded on the Stock Exchange of Thailand, and securities firms may not provide margin financing. Thai mutual funds and private funds will be permitted to invest in locally listed cryptocurrency ETFs, but issuance and offering of depositary receipts related to overseas cryptocurrency ETFs will be prohibited initially.
Odaily News: According to GMGN market data, the market cap of Robinhood Chain ecosystem meme coin VRAX briefly surpassed $8 million, now at $7.68 million, with an intraday gain of over 143%.
It is reported that VRAX was initially launched amid related discussions during the Robinhood Summit, and previously underwent a significant correction, with its price once dropping by approximately 99%. Robinhood CEO Vlad Tenev mentioned the token twice during an X platform Q&A event. Trader Bonk Guy previously stated that as early concentrated holdings gradually exit, VRAX is expected to benefit from the next round of increased activity in the Robinhood Chain ecosystem.
Odaily reminds readers that meme coin prices are highly volatile and susceptible to market sentiment and trending events. Please be aware of trading risks.
Odaily News: Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, said in a Wednesday report that he still expects the stablecoin market to reach $2 trillion, but due to stalled supply growth this year, the expected timeline for hitting that target has been pushed back from 2028 to 2030. Over the past 12 months, stablecoin supply has roughly hovered between $300 billion and $320 billion, and currently stands at about $309 billion. The report said that this year's average monthly on-chain transfer volume for stablecoins is close to $10 trillion, up from $4 trillion in 2025, with a single-month peak of about $19 trillion in May; average monthly turnover velocity has risen from about 15 times in 2025 to about 30 times. USDT's average monthly turnover is about 7 times, mainly used for USD savings in emerging markets; USDC's average monthly turnover has increased from about 45 times to about 80 times, with more usage in payments, financial transactions, and early-stage payments between AI agents.
Odaily News: According to on-chain analyst Yu Jin's monitoring, a whale opened a long position of 20,000 ETH at $1,936 on August 19, and closed it today, 2 months later, at $2,421.6, making a profit of $8.93 million. Previously, on September 22, when ETH rose to $2,800, the whale's unrealized profit had reached $17.42 million.
Odaily News: Ondo Finance has announced that its platform's total value locked (TVL) has surpassed $4 billion, marking a new milestone. Among this, tokenized stocks and ETF assets exceed $1.3 billion, with cumulative holders across its various products surpassing 1 million. Ondo claims it is currently the largest tokenized U.S. Treasury platform.
Ondo stated that the platform is expanding from tokenized U.S. Treasuries into asset classes such as stocks, ETFs, portfolios, and private markets. Its Ondo Stocks connects to traditional financial exchange liquidity through a request-for-quote (RFQ) mechanism, and with the support of its wallet and app, enables permissionless transfers of related tokenized assets across Solana, Ethereum, and BNB Chain.
Odaily News: OpenAI has accused a former employee of sending over 100 files related to the company's unreleased devices to a personal account before leaving to join Apple, and subsequently showing related products to Apple's senior management.
Notably, Apple had previously filed a lawsuit against OpenAI, accusing the latter of stealing trade secrets related to its unreleased hardware products, further escalating the intellectual property dispute between the two sides over hardware technology. (Reuters)
Odaily reports that Sui posted on X that it achieved a live on-site TPS of 40.68 million at Sui Basecamp 2026, certified by CertiK. Sui stated that it can now process Visa's daily transaction volume within 20 seconds; AI Agents will not wait 3 seconds to complete a payment.
Odaily reports: David Sacks posted on X, criticizing Anthropic's latest research report for exaggerating the security risks of small AI models autonomously replicating and spreading on IoT devices. He pointed out that the related experiments relied on devices with pre-opened debug ports, external servers, and artificially assigned propagation tasks, which is insufficient to prove that AI worms capable of autonomous spread exist in reality.
Sacks stated that traditional malware has long been able to spread at scale by exploiting vulnerabilities such as default device passwords, open ports, and lack of security updates, and that small models have not significantly changed this threat pattern.
He also mentioned that Coinbase recently fine-tuned the Qwen-3.5-9B model using its own anti-fraud data, outperforming frontier models including Anthropic Opus 4.5 in relevant tests, and reducing fraudulent transactions by approximately 30%.
Sacks believes that small models optimized for specific enterprise tasks are competitive in terms of cost, speed, and practical effectiveness, and are posing a challenge to the business models of closed-source large model companies such as Anthropic. He questioned Anthropic's emphasis on safety risks at a time when small models are beginning to gain enterprise market share, and argued that the proliferation of specialized small models may actually reduce reliance on large general-purpose AI systems.
Odaily reports that Osmosis has announced in an official notice that a proposal discussion on "Ending OSMO Inflationary Issuance" has been initiated on the community forum. The proposal aims to halt the mint module's daily issuance of new OSMO, with staking rewards to be funded entirely from protocol revenue; at the current burn rate, approximately 2% of the OSMO supply is burned annually, with no new issuance to offset it. The target on-chain date for the proposal is October 20. Daily developer vesting releases will also be paused, with approximately 51.9 million OSMO remaining in the vesting module account; any future releases would require a separate governance decision.
Odaily reports: According to the official Polygon blog, Polygon Labs has announced the completion of its acquisition of cryptocurrency trading and payments company Coinme, thereby granting its payment infrastructure product Polygon Open Money Stack (OMS) the capability to offer compliant payment services in the United States.
Currently, the platform operates across 48 U.S. states, holds 37 state-level money transmitter licenses and 11 exemptions, and is registered with the U.S. Financial Crimes Enforcement Network (FinCEN) as a money services business.
OMS integrates fiat on-ramps and off-ramps with wallet technology, enabling enterprises to receive funds in multiple forms, settle via stablecoins, and withdraw in local fiat currency. This transaction is part of Polygon Labs' $250 million acquisition plan announced in January 2026, which also includes the previously completed acquisition of Sequence.
Odaily: StarkWare has opened OffMarket to the public, allowing Polymarket users to trade without publicly linking their positions to existing accounts. The service is built on zero-knowledge technology and a shared privacy pool on Starknet, using a non-custodial model where user keys remain in the browser; each account has a deposit cap of 1,000 USDC, and the pool contract has been audited by OpenZeppelin and formally verified. Orders are still matched on Polymarket at the same buyer-seller and market prices, while trade records, positions, order sizes, and history on Polygon remain public, meaning others may still infer trader identity through trade size or timing. OffMarket is not an official Polymarket product but is part of Polymarket's verified Builder program, and it maintains geographic restrictions including a ban on U.S. users; Financial Privacy Inc. holds the master viewing key for sanctions screening and disclosure under lawful requests. Starknet's shared privacy pool currently holds approximately $1.5 million and 17,000 deposits.
Odaily reports: EasyA, a blockchain and AI application development education platform, has secured a standalone valuation of $1.1 billion and plans to go public through a direct listing in the first half of next year. The company has filed registration documents with the U.S. Securities and Exchange Commission (SEC), though the current valuation does not represent the actual price investors will pay once its shares begin trading.
EasyA states that its app has surpassed 1.3 million users and is considering issuing tokenized shares. Meanwhile, the company is expanding into tokenization projects and applications involving AI agents. (CoinDesk)
