Odaily News: U.S. President Donald Trump said he rejected Iran's proposal to reopen the Strait of Hormuz. In an interview with the media, Trump stated that the U.S. has complete control over the Strait of Hormuz, and a large amount of oil is flowing out of the Strait of Hormuz. Iran wanted to reach an agreement and immediately reopen the Strait of Hormuz, but "I rejected their proposal." (Xinhua News Agency)

Odaily News: Payward, the parent company of cryptocurrency exchange Kraken, is integrating trading, banking, asset management, and institutional services into a unified infrastructure.

Payward is expanding its platform through internally developed products, acquiring capabilities that would take too long to build in-house, and partnering with established financial institutions. The company stated it has achieved profitability and has no urgent plans to pursue an initial public offering. (CoinDesk)

Odaily reports that OKX founder Star posted on X platform regarding the Bitget hack incident, stating that THORChain is a "very unique" part of the crypto industry. After Bitget was attacked, both the OKX exchange and OKX Wallet immediately took action and stood ready to assist in identifying and tracing the flow of stolen funds, and to block the transfer of stolen funds where possible. Star stated that resilience is an important quality that every crypto company should possess; when security incidents occur, the industry needs to respond quickly, share information, and cooperate to protect users and prevent similar attacks from happening again. He emphasized: "Security is not a competition, but a shared responsibility."

Odaily News: Circle Internet Group (NYSE: CRCL) announced that CFO Jeremy Fox-Geen has submitted his resignation, ending a tenure of more than five years. Under the company's arrangement, he will continue to serve as CFO until December 31, 2026, with an earlier handover if a successor is in place sooner; the company has engaged a leading executive search firm to commence an external search. Fox-Geen joined Circle in May 2021, during which he built the company's financial infrastructure and led its $1.2 billion NYSE IPO. In a statement, he said, "After completing multiple milestones, it is time to step down, take some time off, and move on to the next chapter."

According to the disclosed separation agreement, he will receive $1.05 million in cash severance over 12 months, along with accelerated equity vesting; his annual salary is $500,000, with a 2026 annual incentive cap of 110% of his salary.

Co-founder, Chairman, and CEO Jeremy Allaire stated that Fox-Geen brought strategic judgment and financial discipline to Circle through both periods of market turbulence and rapid growth, and the company expresses its gratitude. The CFO position continues to function normally, and financial governance remains unchanged during the transition period. In terms of market reaction, CRCL fell approximately 2.6% in after-hours trading on Friday.

Odaily News: According to market analysis, Wall Street is not yet ready to go all-in shorting AI. Hedge fund manager and short seller Steve Eisman, who rose to fame by betting on the 2008 financial crisis, has become one of the prominent voices on Wall Street criticizing the AI boom, but he remains reluctant to commit large amounts of capital to shorting AI on that basis. Eisman said, "I'm not ready to make a big short call here." (The Information)

Odaily Report: Michael Saylor published a long article titled "Prescriptions for Prosperity in the Digital Economy," stating that artificial intelligence will greatly enhance the productive capacity of individuals and enterprises, thus requiring greater freedom to create, finance, own, and trade assets. He proposed establishing a "Digital Bill of Rights" for digital assets, the core of which is to grant individuals and enterprises the rights to Create, Issue, Custody, Transfer, and Use digital assets, and to provide foundational protections in financial privacy, asset ownership, and market access.

Saylor believes that digital intelligence will drive the birth of a large number of new enterprises, and that the cost, complexity, and time required for financing should be reduced, while capital formation efficiency should be improved through means such as digital tokens. He proposed aiming to enable 10 million new businesses to access financing, while establishing clear issuance rules and risk-matched information disclosure requirements.

Regarding the digital dollar, Saylor advocates allowing banks, fintech companies, and technology platforms to compete more fully in digital dollar products, and permitting issuers to compete on yield. He believes that the United States can further expand the global reach of the dollar by allowing enterprises to develop more competitive digital dollar products.

As for Bitcoin, Saylor defines it as "Digital Capital," advocating that banks be allowed to custody Bitcoin under clear rules and provide credit using it as collateral, while establishing a viable path for insurance companies to include digital capital in their balance sheets and product design. He specifically mentioned that the Basel Accord applies a 1250% risk weight to certain crypto asset exposures, and believes that regulators should reassess relevant capital requirements based on the actual risks of digital assets and specific business activities.

Odaily News: Cryptocurrency exchange Bitget recently suffered a severe hack, resulting in the theft of XRP worth up to $83 million. On-chain data analysis shows that the hacker acted quickly after the incident, completing the transfer of large funds across addresses. Bitget has now confirmed the major security incident and is cooperating with police in the investigation.

Regarding how to recover the lost assets, Ripple officially provided a clear technical response. Ripple emphasized that due to the decentralized architecture of its underlying public chain, even if law enforcement agencies intervene, the company is completely unable to implement forced freezing of specific external accounts. Currently, the core task of recovering these stolen funds remains the responsibility of Bitget and the security team it has hired. (CoinDesk)

Odaily reports that Binance has signed a new five-year commercial agreement with Circle and invested $100 million to purchase Circle shares, which will further expand USDC's coverage in emerging markets and global transactions, and exert more pressure on USDT, which has long been dominated by Tether.

Data shows that when the two parties first partnered in December 2024, Binance offered 140 USDC-denominated spot trading markets, which has now increased to 329; Binance's monthly USDC trading volume also grew from approximately $20 billion to $40 billion before the partnership to consistently exceeding $80 billion.

Anastasia Melachrinos, Head of Research at Kaiko, stated that since 2026, Binance has consistently held the largest share of USDC spot trading activity, with daily trading volumes reaching $5 billion to $10 billion, approximately 10 to 20 times that of most other trading platforms. Analysts also noted that USDT currently has a market capitalization of approximately $140 billion, still significantly higher than USDC's approximately $74 billion, and its trading pairs, local liquidity, and user habits accumulated over years in the global trading and payment markets remain difficult to change in the short term. (CoinDesk)

Odaily reports: An analysis published by a16z crypto on September 23 shows that the total trading volume of real-world asset perpetual contracts in August 2026 reached $117.3 billion, of which on-chain platforms accounted for approximately $101 billion, or 86%; centralized exchanges accounted for approximately $16 billion, a 44x increase compared to the same period last year. A year ago, on-chain platforms accounted for only one-third or less of trading volume.

As of the end of August, open interest stood at $4.8 billion, roughly 30 times larger than the $161 million recorded in July 2025. By trading volume, equities accounted for 48%, commodities 28%, and indices 18%, marking a shift from the previous structure dominated by commodities. a16z stated that Hyperliquid's HIP-3 protocol, launched in October 2025, simplified the creation of new perpetual markets and enhanced liquidity sharing.

Odaily reports: Ethereum co-founder Vitalik Buterin posted on X platform that PeerDAS has been running stably for nearly a year with essentially no issues, calling it an "underrated achievement" by Ethereum client developers. Vitalik stated that PeerDAS is a complex task and the first case of a blockchain system achieving large-scale "consensus on data availability without any single node downloading the full block," realizing decentralized consensus without full data replication.

Odaily reports that Galaxy Research stated that the U.S. Commodity Futures Trading Commission (CFTC) this week issued guidance on "Mention Markets," which involve prediction markets tied to individual statements, event attendance, and interactions. The agency noted that unlike traditional event contracts such as whether the Federal Reserve will raise interest rates, where individuals cannot easily control the outcome, mention markets settle on the autonomous behavior of specific individuals—for example, "whether Musk will mention Bitcoin on the next SpaceX earnings call"—and therefore carry higher manipulation risk. The CFTC's Division of Market Oversight (DMO) believes that such markets should be presumed to be "susceptible to manipulation" and requires exchanges to assess them across four dimensions: independent constraints controlling the individual, external pressure risks, independent verification and public scrutiny, and trading rules and surveillance measures.

Galaxy Research noted that the guidance does not constitute binding rules and does not prohibit exchanges from listing mention markets. However, even when the above criteria are met, it remains difficult to fully address the manipulation risk arising from individuals voluntarily triggering market outcomes without economic incentive, and the First Amendment also limits regulators' ability to impose prior restraints on individual speech.

Odaily: CZ stated that he is not opposed to Hyperliquid and welcomes more centralized and decentralized trading platforms to participate in innovation, believing that the crypto industry is still in its early stages.

CZ said that some community members of Hyperliquid criticizing centralized trading platforms and Binance for building communities is normal competition; assets such as HYPE, BNB, and Bitcoin may benefit from the overall growth of the industry. He also stated that first movers do not necessarily become the long-term biggest winners.

Odaily News: According to monitoring by the Bitget CEO, the attacker's addresses have been publicly listed and are being continuously tracked. Bitget has formally demanded that THORChain refuse to provide services to these addresses. Decentralization is a design principle and should not serve as a protective shield that facilitates the handling of known stolen funds.

Odaily News: A whale bought 6,000 ZEC in about 15 minutes, establishing a long position worth approximately $9.35 million, with an average entry price of about $1,558.90. The whale currently holds 6,000 ZEC, with a position value of approximately $9.18 million and an unrealized loss of about $171,000; it has also established long positions worth approximately $1.5 million in UNI, $1.01 million in PENGU, and $1.52 million in WLD.

Odaily report: According to Lookonchain monitoring, FOMO trader OuterHeavyBat made over $320,000 in profit through MASK within 48 hours, achieving a 318% return rate.

1. Bonk Guy claims to be "suppressed" by others, forced to create an alt account for trading;

2. Analyst: Bitcoin has entered a bull market phase, MVRV ratio rises above 1.0 after adjustment;

3. PAID and e/acc on Solana both surge, market cap continues to hit all-time highs;

4. Paid's official website has been flagged as unsafe by X;

5. Dragonfly partner: AI will not become safe on its own, humans must solve the problems of safety and control;

6. Vitalik: Mobile offline local knowledge applications still struggle to handle complex problems;

7. Backpack CEO: We want to bring the entire stock market to Solana, connecting brokerages and on-chain with a single API;

8. Hyperliquid trader MK4's cumulative realized and unrealized profits exceed $57 million;

9. Morgan Stanley once again increases its Bitcoin holdings by 42.9 BTC, bringing total holdings to 9,261 BTC;

10. Analyst: BTC long-term holder exchange inflows have noticeably cooled, market behavior is becoming more rational.