Odaily reports that Tom Lee stated at Token2049 that we are at the beginning of a supercycle, and within the next decade, everything running on traditional finance will be tokenized.

According to Lookonchain monitoring, after ETH dropped below $2,600, a trader's 3,728 ETH long position (worth $9.85 million) was fully liquidated within 3 minutes.

Odaily News: Polymarket founder Shayne Coplan stated at Token2049 that predictions on presidential elections, as well as the Ukraine conflict and Middle East conflict, have validated Polymarket as a new alternative news source, while sports competition predictions have brought Polymarket a large number of users and rapid revenue growth.

1. Abstract announces it will shut down on December 15, 2026, and requires users to migrate their assets;

2. Winklevoss applies for a Zcash ETF after 13 years;

3. Real-time cryptocurrency price market goes live on Coinbase, allowing users to select coins, time ranges, and price direction;

4. Imperial completes a $1.5 million seed round led by Foundation Capital;

5. U.S. congressman proposes a bill to ban candidates from betting on their own election results;

6. $12.41 million in fee revenue, Pump.fun transferred to Kraken 9 hours ago.

Odaily reports that Luca Netz posted on X that Abstract is gradually shutting down, and its parent company Igloo Inc. will shift all of its focus to Pudgy Penguins, Pudgy NFTs, and PENGU. Igloo has continued to provide funding support for Abstract over the past 18 months. Over its two years of operation, the project has accumulated losses in the tens of millions of dollars and has still not found product-market fit (PMF).

He said that Abstract had previously processed over 300 million onchain transactions, launched Portal and AGW, and attracted multiple global brands to join, but issues such as an insufficient DeFi ecosystem, limited liquidity, low institutional participation, high costs, and declining demand for related products continued to constrain growth. In the end, Igloo Inc. could no longer continue diverting funds from the Pudgy Penguins business to support Abstract, and it did not choose to raise funds through token issuance or an ICO.

Odaily News: According to SoSoValue data, yesterday (October 6, U.S. Eastern Time), SOL spot ETFs recorded a total daily net outflow of $3.6849 million.

Among them, Invesco Galaxy Solana ETF (QSOL) recorded a daily net inflow of $60,500, with cumulative historical net inflows reaching $3.924 million.

Grayscale Solana Trust (GSOL) recorded a daily net outflow of $3.7455 million, with cumulative historical net inflows reaching $166 million.

As of press time, the total net asset value of SOL spot ETFs stands at $1.934 billion, with SOL net asset ratio at 2.72%, and cumulative historical net inflows reaching $1.595 billion.

Odaily reports that, according to Coinglass data, $370 million was liquidated across the entire network in the past hour, including $136 million in ETH liquidations and $102 million in BTC liquidations.

Odaily News: Sui posted on the X platform that Mysten Labs has announced a partnership with Google Cloud to officially release the Verifiable Agent Arbiter (VAA), providing enterprises with an evidence layer to prove whether AI Agent actions were executed within authorized scope, and using Sui and WalrusProtocol to anchor the relevant proofs. VAA integrates an Agent's authorized scope, actual behavior, and final outcomes, while keeping sensitive information such as prompts, model outputs, tool calls, and policy decisions private, storing them in customer-controlled Google Cloud Storage. VAA supports dispute replay, event reconstruction, and verifiable Agent commercial transactions through Sui Agent payments and x402, and can help enterprises meet regulatory requirements including the EU AI Act.

Odaily reports: According to SoSoValue data, yesterday (October 6, US Eastern Time), HYPE spot ETFs recorded a total daily net inflow of $2,983,300.

The HYPE spot ETF with the largest net inflow yesterday was the Grayscale Hyperliquid Staking ETF (HYPG), with a single-day net inflow of $1,951,700, bringing its total historical net inflow to $155 million.

Next was the Bitwise Hyperliquid ETF (BHYP), with a single-day net inflow of $1,031,600, bringing its total historical net inflow to $145 million.

As of press time, the total net asset value of HYPE spot ETFs stands at $507 million, with a HYPE net asset ratio of 2.47%, and cumulative historical net inflows have reached $346 million.

Odaily News — According to on-chain analyst Yu Jin's monitoring, trader @frogmanhaha's wallet (0x14...5794, 9wMS...ov8z) was suspected of being hacked approximately 5 hours ago, with 9 types of assets worth about $4 million transferred, sold, and swapped into ETH, BNB, and SOL, then dispersed through tools such as Privacy Cash and Chainflip. The stolen assets mainly include 1.43 million BP, worth approximately $1.77 million; 13.96 million MarsCoin, worth approximately $1.55 million; and 3.7 million Cash Cat, worth approximately $510,000.

Odaily News: Crypto asset platform operator Bitcoin Group SE announced that the German Federal Financial Supervisory Authority (BaFin) has rejected the crypto asset service provider license application submitted by its subsidiary futurum bank AG under the Markets in Crypto-Assets Regulation (MiCA). The company is evaluating alternative operating models and seeking to restore Bitcoin.de trading as soon as possible through a regulated partner.

Moritz Eckert, CEO of Bitcoin Group SE, stated that the company had prepared for the rejection of its application and will now review the decision, with the option to file an objection or resubmit the application in the future. Bitcoin.de is a German crypto trading platform operated by futurum bank AG, with over 1.1 million registered users.

Bitcoin.de was originally a peer-to-peer trading marketplace and switched to a broker model this year, with plans to offer over 100 cryptocurrencies, crypto asset exchange, and staking services. The platform was originally scheduled to launch the new model at the end of June, but it was delayed due to waiting for MiCA licensing, and trading has been largely suspended since June 12. (Cointelegraph)

Odaily: U.S. Congressman Don Davis of North Carolina has introduced the "Ban on Betting on Your Own Election Act," which would prohibit federal election candidates, their campaign teams, and their spouses and children from buying, selling, or holding political event contracts related to their own elections. Violators would face a civil penalty of up to $10,000 per violation, or forfeiture of three times their potential profits. Because the U.S. Congress is currently in recess until after the November midterm elections, the bill cannot be considered before the 2026 midterm elections.

Odaily News: Ferrari NV tokenized stock RACE has launched on Solana through the Sunrise asset gateway, with Backpack Securities serving as the issuer, effective October 6. Each RACE token is backed 1:1 by one actual Ferrari share held in regulated custody, and holders can redeem it for traditional stock equity through Backpack Securities. The token is supported on trading venues including Phantom, Jupiter, and Raydium, offering 24/7 trading and eligibility for dividends and corporate actions; Backpack plans to expand its tokenized stock tickers on Solana from approximately 200 to 10,000.