Odaily reports: The National Council of Legislators from Gaming States (NCLGS) has filed an amicus brief with the U.S. Supreme Court in support of the New Jersey Attorney General and gambling regulators' petition to hear their case against prediction market platform Kalshi. The petition seeks to clarify whether state governments or federal agencies have jurisdiction over prediction market companies.

NCLGS stated that if the ruling favors Kalshi, states would be unable to regulate sports betting within prediction markets, potentially leading to regulatory confusion. The council believes that gambling-related matters should be handled by state regulators, and noted that casinos and other regulated entities may adjust their operations and products accordingly.

New Jersey authorities filed a petition for a writ of certiorari on September 2, stemming from their appeal of a Third Circuit Court of Appeals ruling. Kalshi has not yet formally responded and must submit its position brief by November 9; the company has previously stated that it cannot be regulated separately by 50 different regulators. (Cointelegraph)

Odaily reports that trade.xyz posted on X, stating that event trading is now available on its platform.

Odaily reports that Bitcoin News posted on X platform that the x402 Foundation has incorporated the Lightning Network payment specification into its open internet payment standards. x402 was initially developed by Coinbase, aiming to enable AI agents and applications to automatically complete payments and continue executing tasks upon receiving a "402 Payment Required" response, without needing to create accounts, enter credit card information, or manage API subscriptions.

The protocol is now governed by the Linux Foundation, with participation from companies such as Cloudflare, Google, AWS, Visa, Mastercard, Stripe, and American Express. With the integration of the Lightning Network, AI agents can use satoshis to pay for API calls, data, computing power, MCP tools, and other digital resources, and cryptographically prove payment through Lightning Network preimages.

Odaily News: The deal covers Poolin's two data center sites in Texas, Pyote and Tarbush, and includes cash and other consideration, pending approval by the U.S. Bankruptcy Court for the District of New Jersey. Hut 8 is advancing its AI infrastructure buildout, with a development pipeline of approximately 8.7 GW.

Odaily reports that Brian Armstrong posted on X that IPO allocations have long been mainly available to institutions and a small number of high-net-worth individuals. Coinbase has now launched an IPO participation portal within its app, with first-phase support for Oura Ring.

Odaily News: Coinbase has launched fixed-rate loans powered by the decentralized lending protocol Morpho, allowing users to borrow USDC against bitcoin and lock in the interest rate and repayment date at the start of the loan.

This product marks the first enterprise-grade deployment of Morpho Midnight, with Coinbase handling the application experience, Morpho providing the credit infrastructure, and the Base network handling settlement.

Coinbase's existing Morpho floating-rate loans have surpassed $1.4 billion in active volume, corresponding to approximately $3 billion in collateral. The business launched bitcoin-collateralized lending in early 2025 and later expanded collateral to assets such as XRP and Dogecoin. (Decrypt)

Odaily News — According to Onchain Lens monitoring, a whale deposited 42,000 ETH worth approximately $112 million to Galaxy Digital about an hour ago, reportedly for sale. Over the past two months, the whale had accumulated these ETH through over-the-counter (OTC) trades via Galaxy Digital.

Odaily reports, according to Onchain Lens monitoring, 3 hours ago, Morgan Stanley's MSBT Bitcoin ETF received 1,100 Bitcoin from Coinbase Prime, worth approximately $93.89 million, marking the largest single inflow since the fund's inception.

According to Onchain Lens monitoring, over the past 24 hours, Hyperliquid bought back and burned 34,280 HYPE at a volume-weighted average price of $95.25, worth approximately $3.26 million; revenue over the past 30 days was $60.58 million.

Odaily: Eleven Democratic senators on the U.S. Senate Banking Committee are urging Committee Chairman Tim Scott to hold a hearing on prediction markets. Previously, the committee planned to hold a prediction market roundtable next week attended only by Republican senators, focusing on securities-based prediction markets, with a Kalshi representative expected to attend. Currently, primary regulatory jurisdiction over prediction markets falls under the Senate Agriculture Committee and the Commodity Futures Trading Commission.

Odaily News: A Fox Business crypto reporter posted on X platform that SEC Commissioner Mark Uyeda stated the SEC has dropped multiple crypto cases left over from the previous administration, because continuing to defend legal interpretations in court that are poised to be overturned would damage the SEC's credibility.

Uyeda said the Commission is preparing to make a "180-degree reversal" on the relevant interpretations. He also stated that the SEC's innovation exemption for tokenized securities is a "pilot program" that could create more opportunities for new entrants and traditional financial firms.

Odaily reports that derivatives exchange CME Group has announced that, pending regulatory approval, it will launch Bitcoin Cash (BCH) and Uniswap futures on October 19. The standard BCH contract corresponds to 250 BCH, while the micro contract corresponds to 25 BCH.

Following the announcement, BCH briefly surged 30%, breaking above $340 and briefly touching $358, with weekly gains at one point exceeding 50%. Bitcoin SV (BSV) also rose approximately 20% in tandem, approaching its yearly high of $21; Bitcoin fell back to around $84,000 on Wednesday.

Digital asset management firm Grayscale has filed to convert its Bitcoin Cash Trust into a spot ETF listed on NYSE Arca. (Decrypt)

Odaily News: “White-Haired Stock Guru” Serenity posted on X platform, stating that they have recently bought shares in several small South Korean companies, involving manufacturers that supply memory, testing equipment, machines, and other products to Micron (MU), SK Hynix (SKHY), Samsung, and American companies. Serenity said that among companies with market capitalizations between $30 million and $250 million, one can find some optical component, CPU, memory, and related companies that are driven by AI demand and are at business inflection points, but due to higher risk and volatility, they will not publicly disclose the specific company names.

Serenity stated that personally, if one or two of these companies can achieve a “10x” opportunity by growing their market capitalization from $40 million to $400 million, the trade-off between potential returns and risk becomes attractive.

Odaily News: The U.S. Treasury Department said it will buy back up to $6 billion in longer-term government bonds on Thursday, the first such operation since Treasury Secretary Bessent expanded the buyback program, aimed at curbing the recent rise in borrowing costs. The maximum size of this buyback is three times the $2 billion originally announced to investors in early August. That original plan was canceled in a surprise announcement on August 19, when the Treasury said it would "at least double" the size of such operations. Following the announcement, 20-year to 30-year U.S. Treasury bonds, the targets of Thursday's buyback, extended their declines, with the 30-year Treasury yield briefly rising to 5.38% intraday, close to the roughly 5.40% high earlier this month and the highest level since 2007.

Facing criticism that the move amounts to market intervention and cannot address fundamental fiscal challenges, Bessent defended the expansion of Treasury buybacks, saying he took action because he believed market prices were "deviating" from equilibrium levels. The Institute of International Finance (IIF) warned on Wednesday that attempting to use "financial engineering" cannot resolve underlying debt dynamics, and that interventions such as purchasing securities in the secondary market "may bring temporary relief, but cannot address the structural factors driving debt growth."

Odaily News: Binance.US has announced that Binance.US Wallet, a self-custody wallet built into its App, is now available to eligible iOS and Android users. Without leaving the Binance.US App, users can switch between the centralized exchange and the wallet, and access tens of thousands of tokens and hundreds of DApps, with support for major blockchain networks including Ethereum, BNB Chain, Base, Arbitrum, Polygon, Solana, and Robinhood Chain.

Binance.US stated that the wallet uses seed-phrase-free key sharding technology, splitting keys for storage across the user's device, personal cloud storage, and Binance.US. Users need at least two of these key shares to access the wallet, and Binance.US holds only one. In addition, users can export their private keys at any time or import the seed phrase of an existing wallet. Binance.US also plans to support cryptocurrency transfers between the exchange and the wallet, buy and sell functionality via convenient payment methods, and more tokens, blockchain networks, and DApps in the future.

Odaily News: Over the past half hour, USDC Treasury minted a total of 750 million USDC across three separate transactions.