Odaily News: In response to a tweet previously posted by Polymarket CMO Matthew Modabber regarding "Hyperliquid and Polymarket revenue scale and HYPE token market cap," Polygon co-founder Sandeep quoted the post and said that POLY will take over everything.
Earlier news: The Polymarket CEO will share important views at Token2049, and the community speculates it may be related to the POLY token.
Odaily News: On October 5, Polymarket CEO Shayne Coplan quoted a post comparing Polymarket and Hyperliquid revenue and highlighting the HYPE token's market cap, saying, "I might share some views on this at Token 2049."
In response, the community speculated that Shayne Coplan's views may be related to a POLY token. The Rollup founder Andy posted an image of Shayne Coplan's post and said, "POLY is coming." However, according to predict.fun data, the probability that Polymarket will launch an official token before December 31, 2026 is still only 13%.
Odaily reports that Predict Time posted on X stating that in the past week's Polymarket Builders Program trading volume rankings, @betmoardotfun ranked first with $24.63 million, followed by traderline.com, Gate, @SpreadCore_xyz, @SharkbettingCom, @pots_market, @magicmarkets, @polymtrade, MetaMask, and chainui.app with $16.3 million, $12.16 million, $9.2 million, $8.08 million, $7.44 million, $7.16 million, $6.96 million, $4.2 million, and $3.94 million respectively. Polymarket's trading volume this week exceeded $545 million, and driven by macroeconomic and political factors, the trading scale related to Brazil's first-round election has reached $165 million.
Odaily reports that according to Hupzy monitoring, a Hyperliquid trader, after losing $471,000 on a short position of 14,976 ETH, switched to a 25x leveraged long position of 23,734 ETH, with a notional value of $64.3 million and a liquidation price of $2,650.
According to a post by Bitcoin Treasuries on X, Japanese listed company Remixpoint (3825.T) has added 7.45 BTC to its holdings, now holding 1,508.72 BTC and ranking 37th among the top 100 public companies by BTC holdings.
Odaily News: According to official Bitget data, the second batch of rewards for its "Peer Program" has now been fully distributed. As of now, the platform has cumulatively distributed 2,786,953 USDT in rewards to 1,529,978 users.
This campaign will continue until October 26, and users can participate without registration. During this period, Bitget will continue to allocate 30% of its platform trading fee revenue to establish an exclusive user reward pool, offering trading rewards, asset rewards, and VIP-exclusive benefits to different user groups.
Odaily reports that CZ responded to community questions on X platform, stating that he owns 3 vehicles, which are one Nissan SUV and two minivans, and said he does not own a sports car, nor is he keen on high-speed driving.
Odaily News - Morgan Stanley Chief Equity Strategist Mike Wilson stated in his latest report that although major U.S. stock indices remain near historic highs, there is clear divergence within the market. 51% of Russell 3000 constituents have fallen more than 20% from their June highs, the median S&P 500 constituent is 16% below its 52-week high, and market breadth has dropped to its lowest level since the dot-com bubble burst, with a divergence of approximately 12% between index prices and market breadth.
Wilson believes that U.S. Treasury volatility will be the key to determining how this gap is bridged. Currently, the 10-year Treasury yield has risen to 5.25%, the MOVE Index has broken above 100, while the VIX remains below 15. If bond volatility remains elevated, the S&P 500 could pull back approximately 6% to around 7,300 over the next month; if bond volatility subsides first, a catch-up rally in individual stocks could push market breadth toward the index.
Wilson stated that current market weakness is primarily reflected in valuation compression rather than a stall in corporate earnings, and at this stage he favors large-cap quality stocks with continuously improving earnings expectations.
Odaily News: According to LOOK ON CHAIN monitoring, trader 0x914b previously shorted 14,976 ETH, with a position value of approximately $40.97 million, and then shifted to a long position. The short position incurred a loss of approximately $471,000.
Currently, the trader has opened a 25x leveraged ETH long position, holding 23,734 ETH, worth approximately $64.3 million, with a liquidation price of $2,650.
Odaily News — According to an official announcement, the on-chain burn of GateToken (GT) for the third quarter of 2026 has been completed. A total of 1,987,321.2431520 GT was transferred to the burn address, with a burn value exceeding $22.35 million. As of now, the cumulative burn total of GT has reached 191,934,541 tokens, with a cumulative burn value exceeding $1.504 billion (calculated at the quarterly average price).
GT is the core platform token of Gate and the native asset of Gate Chain. It serves as a utility token and gas fee payment token on Gate Chain, supporting basic functions such as on-chain transfers within the network. Since the launch of Gate Chain's mainnet in 2019, GT has continuously implemented its burn mechanism, reducing the total token supply by approximately 63.98% from the initial 300 million. In terms of market performance, GT has shown notable upward momentum recently, rising 32.49% over the past 30 days and 63.63% over the past 90 days. Going forward, Gate will continue to advance the GT burn mechanism, strengthening GT's scarcity and long-term value foundation through sustained reduction of market supply and optimization of the token supply structure.
Odaily News: Kraken parent company Payward and Singapore Gulf Bank (SGB) have announced a partnership. Payward has connected to SGB's real-time multi-currency clearing network SGB Net, providing instant settlement services 24 hours a day, 7 days a week for institutional clients in specific jurisdictions across Asia and the Gulf region. The service initially supports USD transactions for select clients, with plans to expand client and currency coverage in the future.
Additionally, SGB will connect to Payward's institutional brokerage platform Kraken Prime to access digital asset liquidity, and plans to leverage Payward's market to provide pricing for client trades in the coming months. Currently, SGB Net processes over $20 billion in fiat transactions per month.
1. OKX has applied to the U.S. SEC to launch a tokenized U.S. stock trading platform, with plans to initially support 63 NYSE-listed stocks;
2. Yi Lihua: The crypto primary market has entered a winter, with four major issues including narrative collapse and supply-demand imbalance urgently needing resolution;
3. SKY treasury company SDEV's stock price surged over 700% in 15 days, holding approximately 2.315 billion SKY tokens;
4. OpenAI launches Codex 28-day sprint plan, requiring delivery of noticeable improvements or quota resets daily;
5. Drift Foundation: DFX is not pegged to USDT, and the Recovery Pool currently covers only about 1% of total claims;
6. Analysis: Bitcoin's upward momentum still lacks key support, and spot trading volume recovery has yet to accelerate;
7. Michael Saylor outlines Bitcoin investment framework: BTC, MSTR, and STRC correspond to ownership, leverage, and yield;
8. StonkFun: Has distributed over $90 million in rewards to reward token holders cumulatively;
9. "BAYC ruined NFTs" sparks controversy, BAYC co-founder fires back at Pranksy: "Don't forget who brought the wealth";
10. A suspected IOSG Ventures address staked 75,000 LINK, worth approximately $1.06 million;
11. Deadline October 15: U.S. crypto traders filing extended tax returns for the 2025 tax year need to verify their filing information.
Odaily News: According to Ai Yi monitoring, an early ETH holder from 2016 has shown fund movement again after approximately 6 months, depositing 13,330 ETH to Coinbase 2 hours ago, worth about $36.37 million, at a deposit price of $2,728.59.
The address's ETH cost basis was as low as $11.61. If all tokens deposited this time are sold, the estimated profit would exceed $36.21 million, with a return rate of approximately 23,402%.
Odaily reports that StonkFun, a token issuance platform on the Solana chain, has announced that it has cumulatively distributed over $90 million in rewards to reward token holders.
Additionally, StonkFun's platform revenue reached $590,300 on October 4, of which approximately $353,600 was used for buybacks, and 1.79 million STONK tokens were burned.
Odaily News: As Chinese AI labs such as DeepSeek continue to make progress, the performance lead of top U.S. AI models over Chinese models has narrowed to about 3%, down from about 9% in May this year and 15% at the beginning of the year, reaching a record low.
DeepSeek V4.1 Flash, released in September, ranked sixth globally on LiveBench with a score of 81.1, approaching Anthropic's highest score of 83.4. Robert Lea, a senior analyst at Bloomberg Intelligence, said that Chinese AI models continue to improve in specialized capabilities and optimization for domestic hardware, but commercialization still faces pressure from low profit margins, price competition, and competition among a large number of models. (Bloomberg)
Odaily reports that Michael Saylor posted on X platform stating that Bitcoin can serve different types of investors: BTC provides direct ownership, MSTR provides amplified Bitcoin exposure, and STRC provides yield opportunities with 30-day price volatility lower than all "Magnificent Seven" (Mag 7) stocks. Michael Saylor added that Digital Capital is the foundation of Digital Equity and Digital Credit.
