Odaily News: Payy posted on the X platform stating that in response to security concerns raised by users submitting seed phrases in the claims form, the company explained that the seed phrase in this process is only used to confirm the user's wallet balance and will not be used to control assets.

Payy stated that because it adopts a ZK privacy architecture, only the user themselves can know the wallet balance through the seed phrase or private key, and the platform cannot confirm the amount of USDC held by the user without the seed phrase. Therefore, the company requires users to provide identification (ID) and relevant verification information to reduce the risk of claims fraud.

Payy stated that due to known and potential vulnerabilities in Aztec's zero-knowledge proof (ZK) framework, the company cannot fully rely on the ZK proofs submitted by user wallets for balance verification, otherwise it could lead to false claims.

In addition, Payy stated that the user's Payy seed phrase was previously only used for Payy Wallet. Since the on-chain funds of Payy have now all been stolen, the seed phrase no longer has fund control value and is only used to identify the amount of USDC previously held by the user's wallet.

Payy acknowledged that this process is not an ideal solution, but stated that it is currently the way to ensure the accurate execution of the asset compensation process. Previously, Payy users raised community security concerns because the claims process required the submission of seed phrases.

Odaily News: Bitcoin treasury company Strategy repurchased a total of $3.687 million in STRC from September 28 to October 11, while purchasing only 584 Bitcoins during the same period, with the repurchase amount being approximately 7 times the amount spent on Bitcoin purchases. During this period, Strategy repurchased 3,705,947 shares of STRC, and the amount spent on Bitcoin purchases was $50.2 million.

Strategy's Variable Rate Series A Perpetual Preferred Stock (STRC) closed at $99.88 on October 12, the highest closing price since May, rebounding significantly from its June low of $71.25. From October 5 to October 9, Strategy's repurchase amount accounted for approximately 30% of STRC's trading volume during the same period.

Strategy disclosed on September 30 that STRC's annual dividend rate remains at 12%, and management will recommend maintaining this rate until STRC trades consistently and healthily near $100. The aforementioned repurchases are expected to reduce annual dividend expenses by approximately $44.5 million.

As of October 11, the remaining funds under Strategy's preferred stock repurchase program amounted to $354.8 million. October 15 is the STRC dividend record date, and a special shareholder meeting will be held on October 28 to vote on the daily dividend payment arrangement. (Bitcoin.com News)

Odaily News: According to market reports, Interactive Brokers has launched an Ethereum staking service powered by ZeroHash.

Odaily News — During an international joint anti-fraud operation held in London from October 6 to 9, Coinbase collaborated with the UK's National Crime Agency (NCA), the US Department of Justice's Scam Center Strike Force, and the Tech Against Scams coalition to jointly combat transnational scam networks operating in West Africa. Coinbase's global intelligence team participated in tracking illicit fund flows, assisting in freezing involved assets, and sharing investigative leads in real time.

The related scam tactics include fake cryptocurrency investments, impersonating law enforcement officers, and coercing victims into transferring funds through staged video call arrest scenarios. Coinbase stated that as crackdowns on scam compounds in Southeast Asia continue to intensify, some criminal networks are gradually shifting to regions such as West Africa, and the company will continue to cooperate with law enforcement agencies to track cross-border fraud funds.

Odaily News: CME Group CEO Terrence Duffy stated that the U.S. Commodity Futures Trading Commission's (CFTC) attempt to expand its regulatory authority over prediction markets is "a bit of a stretch," and that the related regulatory dispute could ultimately reach the U.S. Supreme Court.

Speaking at the DC Fintech Week event on Tuesday, Duffy said the battle over prediction market regulation could evolve into a legal showdown among state governments, tribal governments, and the federal government. "This is going to the Supreme Court, and I think the states and the tribes will prevail," he said. (The Block)

Odaily reports: Trader Killa says that for Bitcoin (BTC) to replicate its 2023 price action, it needs to form a higher low (HL) above $75,500 and ideally hold the low near $80,000.

After Bitcoin recently reclaimed its short-term structure around the $82,000 zone, it pulled back to test and broke through again, with short-term price action showing strong characteristics of "bull traps and bear traps." When BTC previously fell from $84,100 to $81,000, the structure appeared weak, but a large number of shorts entering at the lows fueled the subsequent rebound.

Killa noted that during the drop from $84,100 to $81,000, long liquidations totaled approximately $300 million, while during the earlier decline from $86,800 to $80,600, long liquidations exceeded $2 billion, indicating that the market's leverage structure is improving and the proportion of longs has declined compared to before. The market now needs to form a higher low and initiate the next leg up; otherwise, this correction could break below $80,000.

Odaily reports that according to MSX.COM data, US mega-cap cloud providers including Microsoft and Google rallied collectively. Google-A shares rose 1.07% to $356.510 per share, with a total market capitalization of $4.36 trillion.

Microsoft shares rose 1.6% to $549.795 per share, hitting another record high, with a total market capitalization of $4.08 trillion. Amazon shares rose 0.93% to $261.950 per share, with a total market capitalization of $2.83 trillion.

Odaily: Hardware wallet manufacturer Trezor has announced that, in light of recent supply chain security incidents, the company has decided to reduce the number of its resellers in order to conduct more effective vetting of its partners.

Trezor emphasized that there is currently no evidence suggesting its devices have been compromised, and that this adjustment is a precautionary measure taken out of an abundance of caution.

According to MSX.COM data, Apple's stock price rose 1.74% in early trading to $346.892 per share, with a total market cap of $5.06 trillion, setting a new all-time high.

Odaily reports that crypto payment company MoonPay has appointed Anne Giviskos as Global Chief Financial Officer (CFO). A MoonPay spokesperson stated that Mouna Ammari Siala will continue to serve as interim CFO of MoonPay's US operations.

Giviskos previously served as interim CFO and Chief Accounting Officer at Navan, and has held senior positions at the New York Stock Exchange and Euronext. When asked whether MoonPay is preparing for an initial public offering (IPO), the company spokesperson responded that the priority at this stage is to build an "iconic private company" while continuing to expand its payments, stablecoin, and financial markets-related businesses.

According to Lookonchain monitoring, today U.S. Bitcoin ETFs saw a net outflow of 788 BTC, with a 7-day net outflow of 8,267 BTC; Ethereum ETFs saw a net outflow of 29,926 ETH, with a 7-day net outflow of 217,087 ETH.

Odaily reports that after the U.S. stock market opened, the memory sector extended its decline, with Micron Technology and SK Hynix falling over 5%, while Western Digital and Seagate Technology dropped more than 6%. The banking sector showed mixed performance, with JPMorgan Chase up 1.7%, Goldman Sachs rising over 3%, and Wells Fargo falling nearly 3%.

Odaily News: According to MSX.COM data, at the U.S. stock market open, the Dow rose 0.7%, the S&P 500 fell 0.08%, the Nasdaq fell 0.36%, and the VIX fear index rose 3.3%. AI concept stocks fell broadly, with Astera Labs down 6.02%, Micron down 5.61%, Marvell down 5.07%, Arista Networks down 5.07%, and CoreWeave down 4.56%.

It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular U.S. stocks and ETF token targets such as Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Odaily reports, according to the latest Gate data, the gold price has risen to $4,188.6 per ounce, up 0.43% intraday. Silver has climbed to $60.073 per ounce, up 0.04% intraday.

In forex, the U.S. dollar fell 0.05% against the offshore Chinese yuan (USD/CNH) intraday, with the current exchange rate at 6.69104. The U.S. dollar fell 0.16% against the Japanese yen (USD/JPY) intraday, with the current exchange rate at 158.295.

In global stock indices, the Euro Stoxx 50 Index (EUSTX50) rose 0% intraday, at 6,183.65 points; the UK FTSE 100 Index (UK100) rose 0.59% intraday, at 10,703.7 points; Germany's DAX 40 Index (GER40) rose 0.31% intraday, at 25,310.2 points.

In commodities, WTI crude oil fell 0.54% intraday, at $93.89 per barrel. Brent crude oil fell 0.88% intraday, at $107.74 per barrel.

Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock CFDs, major indices, and commodities, achieving deep integration between crypto assets and traditional financial assets. Gate TradFi-related features have been fully integrated into the Gate App and Web platforms, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the multi-asset allocation experience.

Odaily reports that Xie Jiayin posted on X that Bitget has listed 5 Japanese stock perpetual contract trading pairs, including Toyota Motor, Sony Group, Murata Manufacturing, Taiyo Yuden, and Mitsubishi UFJ Financial Group.

Odaily News: JPMorgan's Chief Financial Officer stated that the bank's AI-related exposure remains limited, but if market sentiment shifts, the bank would not be entirely unaffected.