Odaily News: Fairshake-affiliated entities Defend American Jobs and Protect Progress have spent a combined $2.7 million to support Democratic and Republican candidates running for U.S. House seats in 2026. The spending comes 22 days before the U.S. midterm elections.

The expenditures include over $76,000 in supportive advertising for House Majority Whip Tom Emmer and $73,000 for House Agriculture Committee Chairman Glenn Thompson; California Representative Pete Aguilar and New Jersey Representative Josh Gottheimer received $512,000 and $500,000 in support, respectively.

Fairshake announced days ago that it plans to support 32 additional House candidates in 2026, with 6 of them each receiving $1 million in supportive media placements. As of August, Fairshake held $122 million in cash and planned to allocate at least $30 million in media spending to oppose Sherrod Brown's run for the Ohio Senate seat.

All of the aforementioned candidates voted in 2025 to support the Digital Asset Market Clarity Act (CLARITY Act). The bill aims to establish market structure rules for cryptocurrencies and expand the U.S. Commodity Futures Trading Commission's (CFTC) regulatory enforcement authority, but it failed a Senate procedural vote in September. (Cointelegraph)

Odaily News: The International Monetary Fund (IMF) noted in Chapter 3 of its October 2026 Global Financial Stability Report that, as of July 31, excluding repurchase agreements and stablecoins, the scale of tokenized real-world assets reached approximately $65.1 billion, including $30.4 billion in tokenized credit, $17.5 billion in money market funds, and $2.3 billion in tokenized equities.

The report pointed out that automatic liquidation, instant settlement, continuous trading, and programmable collateral could accelerate forced liquidations and amplify financial shocks when markets come under stress. The cross-platform reuse of collateral could also increase leverage, causing risks to transmit more rapidly across different institutions and markets.

The IMF identified legal certainty, regulatory clarity, blockchain network interoperability, and reliable settlement assets as four obstacles to the broader adoption of tokenized markets, and recommended adopting technology-neutral regulation, strengthening oversight, implementing circuit breakers, and preventing instability from automatic liquidation. (Bitcoin.com News)

Odaily reports: Blockchain project Tempo has released a report stating that the U.S. Financial Accounting Standards Board (FASB) is proposing to adjust stablecoin accounting rules, allowing qualifying tokens to be classified as cash equivalents on corporate balance sheets, potentially reducing accounting barriers to corporate stablecoin adoption.

Under current accounting practices, stablecoins—even when fully backed by U.S. dollars—may not qualify for inclusion in a company's reported cash reserves, thereby affecting liquidity ratios and loan covenants. The proposed rules would allow companies to use stablecoins for payments and settlements, but would require them to have direct redemption rights against the issuer.

Purchasing USDC through an exchange may not necessarily qualify for cash equivalent recognition. In its 2025 annual report, Coinbase classified USDC and other payment-type stablecoins as cash equivalents, based on its redemption arrangement with Circle.

The public comment period for the FASB's proposed rules will run until November 19, after which the board will review feedback and determine the final accounting changes and effective date. The proposal comes as the market size of USD stablecoins has surpassed $300 billion. (Cointelegraph)

According to Odaily, Coinbase posted on X that Coinbase Advanced now has access to a new trading engine and offers VIP3 rates, free for the first 30 days.

Odaily reports that according to Gate data, Brent crude oil (XBRUSD) has risen above $110/barrel, currently at $110.01/barrel, up 2.2% from the previous trading session's close.

Odaily: Starknet posted on X stating that most blockchains do not have quantum security plans and can only respond by migrating funds; its network supports upgrading cryptographic schemes without changing user addresses and without migrating funds, which it calls "cryptographic agility" for addressing quantum risks. Starknet says it has compared the quantum security readiness of 10 networks.

Odaily: Aptos announced on X that the encrypted mempool is now live on the Aptos mainnet. Users can opt in on a per-transaction basis, keeping pending transactions encrypted until the block they are in is finalized. The functions being called and their input parameters remain private until execution, though the sender and gas fees are still visible, thereby reducing the risk of MEV attacks. This feature is designed for institutions, traders, and AI agents, helping prevent large orders from exposing trading intent before execution.

Odaily News: Publicly traded Bitcoin mining companies are expected to need approximately $50 billion to complete their planned AI infrastructure projects, with IREN, Riot Platforms, and HIVE Digital facing funding gaps of approximately $21.1 billion, $7.2 billion, and $4.6 billion, respectively.

As Bitcoin mining companies expand into AI and high-performance computing, borrowing costs vary depending on clients, contracts, and project completion pathways. IREN secured $3.65 billion in GPU financing in June at a blended interest rate of 6%; in August, it obtained an additional $2.4 billion in fixed-rate financing at a 9% interest rate.

Financing arrangements may also include costs beyond interest. In one Cipher Digital deal, Google agreed to backstop $1.4 billion in lease obligations and received warrants representing 5.4% equity in Cipher; if the warrants are exercised, existing shareholders' ownership stakes could be diluted.

According to VanEck data, at the Bitcoin bull market peak last October, mining companies' debt had grown by approximately 500% compared to the second quarter of 2024. Despite a weakening Bitcoin market, capital demand continues to rise as mining companies pivot to AI businesses. (Cointelegraph)

Odaily News: The UK High Court has issued a significant ruling regarding a cross-border asset recovery dispute involving over 61,000 bitcoins linked to the illegal fundraising case of Tianjin Blue Sky Gerui in China. On October 12 local time, a judgment obtained by Caixin from the UK High Court shows that the court determined that property rights claims raised by Chinese investors over the bitcoins in question should be governed by Chinese law rather than English law. This means that approximately 16,000 Chinese victims who have participated in the UK recovery proceedings may be unable to share in the massive appreciation gains from the surge in bitcoin prices through English law, and may at most only recover their principal and interest. (Caixin)

Odaily News: Federal Reserve's Hammack stated that interest rates need to be raised, preferring smaller and more frequent rate hikes; current policy is not yet restrictive enough. (Jinshi)

According to Odaily, Yilihua posted on X platform: "I remain bearish on the correction. Although there have been rebounds during the decline over the past few days, with the U.S. stock market falling and oil prices rising, Bitcoin has broken below the mid-line on the 4-hour chart, which is the 20-day moving average. Currently, Bitcoin is in a broad decline across all timeframes except the weekly, including the 15-minute, 1-hour, 4-hour, and daily charts. As I said before, the correction is far from over. Be patient and don't think about trading all the time. Honestly, when watching the pullback to 86, with multiple oscillations attempting to break through the strong resistance at 87, I was worried and anxious inside. During the correction, the rally briefly broke through the key level at 84, and the same feeling arose. But in trading, as long as you keep an open mindset—missing out is far better than making a mistake—you will stick to your principles and forget the illusions."

Odaily News — Crypto analyst Darkfost stated that Bitcoin's Long-Term Holder (LTH) SOPR (Spent Output Profit Ratio) has climbed back above its annual average of 1.10 and continues to hold above that level.

Data shows that long-term holders have realized an average return of approximately 10% over the past year. Currently, the weekly average LTH SOPR stands at 1.25, and the monthly average at 1.16, both above the annual average, indicating that long-term holders are returning to a profitable state.

Darkfost noted that a similar situation also appeared at the end of the previous bear market, when the return of profits for long-term holders became one of the signals of improving market conditions. He believes that the emergence of moderate profits in the market is generally a positive factor, helping to raise investors' expectations for future market conditions.

Odaily News: Prediction market conference NEXTPredict has paid a $12,000 premium to hedge approximately $3 million in conference investment through prediction market platform Kalshi. If the cancellation rate of flights to New York's John F. Kennedy International Airport on October 21 exceeds 50%, the related contract will pay out approximately $3 million.

The trade is market-made by financial institution Susquehanna, with the settlement date falling on the main travel day before NEXTPredict's summit at Convene in Hudson Yards, New York, on October 22-23. Pierre Lindh stated that this is the first time the events industry has hedged a conference through prediction markets.

Kalshi self-certified the flight cancellation contract with the U.S. Commodity Futures Trading Commission (CFTC) on July 14 and customized the market for institutional clients; retail investors cannot participate. Flight disruptions caused by specific reasons such as drone incidents or bomb threats do not trigger payouts. (Decrypt)

Odaily reports: Goldman Sachs stated that U.S. companies are expected to return a record $1.7 trillion to shareholders through stock buybacks by 2027, which could shield market valuations from dilution caused by equity issuance near historic highs. The investment bank expects the supply of publicly traded shares to rise significantly next year. While such increases typically weigh on stock prices, Goldman Sachs added that corporate buybacks, combined with strong demand from households and foreign investors, should be sufficient to absorb the additional shares. (Sina Finance)

Odaily reports that predict.fun posted on X that the probability of Anthropic conducting an initial public offering before 2027 dropped from 85% to 69% within a week, indicating weakened market confidence.