Odaily News: Bitcoin News posted on X platform that the SEC has approved Cboe BZX to list the 3x Bitcoin ETF launched by Volatility Shares. The product aims to track 3 times the daily fluctuation of the Bitcoin futures benchmark. When Bitcoin futures rise 1%, the fund targets a 3% gain before fees; when they fall 1%, it targets a 3% loss. The ETF still needs to wait for its registration statement to become effective before trading, and the fund holds Bitcoin futures rather than spot Bitcoin.

Odaily News: Two Hyperliquid wallets linked to Abraxas Capital Management collectively hold approximately $1.58 billion in net short exposure, with Bitcoin and Ethereum-related positions valued at approximately $948 million. As of 2:55 PM EST on October 6, both wallets maintained these positions.

The positions in both wallets include approximately 189,400 ETH and 5,120 BTC, with unrealized losses of approximately $115 million. On-chain data shows that both addresses hold substantial assets and have records of millions of dollars in deposits, and their spot holdings may hedge part of the short exposure.

London-based investment firm Abraxas Capital Management has been identified by Nansen and Arkham Intelligence as the entity behind the related addresses, with Arkham labeling them as affiliated with Heka Funds. In addition to BTC and ETH, both wallets also hold short positions in assets including SOL, HYPE, ENA, XRP, SUI, and PUMP. (Bitcoin.com News)

Odaily News: Abstract has announced that the network will gradually wind down, with the chain set to cease operations on December 15, 2026, after which any funds not migrated will become inaccessible. Users can migrate their assets through the official migration center or the native cross-chain bridge, with the native bridge expected to have a delay of approximately 3 hours. Abstract stated that a chain focused on consumer-grade crypto is difficult to sustain as a standalone model, citing factors such as a limited DeFi ecosystem and weak on-chain liquidity that have led to stagnant network growth. Abstract, launched by the Pudgy Penguins team, is an Ethereum Layer 2 network that had previously attracted over 400,000 users and deployed more than 144 applications. Abstract is reminding users to beware of fraudulent migration websites.

Odaily News: The UK government has appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest, and RBC Capital Markets as joint lead managers for its first digital-native government bond, the Digital Gilt Instrument (DIGIT), which is expected to be issued in the first quarter of 2027. The six banks will provide underwriting, investor communication, and distribution services.

DIGIT will be issued through a platform within the UK Digital Securities Sandbox and will test the application of distributed ledger technology in the issuance and full lifecycle of government bonds, including on-chain settlement. Lucy Rigby, Economic Secretary to the UK Treasury, stated that the project aims to explore the application of distributed ledger technology in the sovereign debt market and to advance the development of the UK's digital financial infrastructure.

HSBC was appointed in February as the distributed ledger technology provider for the pilot, and in July reached an agreement with London Stock Exchange Group to develop a connectivity solution for a digital securities depository. (Cointelegraph)

Odaily reports that trade.xyz announced on X that LRCX is now live, supporting 10x leverage and offering 24/7 trading year-round.

Odaily reports that trade.xyz posted on X stating that UMC is now live, supporting 10x leverage and operating 24 hours a day, 365 days a year.

Odaily News: Umia announced it has raised $6.11 million through a 7-day UMIA token auction, selling 34.6% of the total UMIA supply at a fully diluted valuation of $18 million. Approximately 45% of the subscription funds came from institutional investors, with 10 funds and nearly 700 individual bidders participating, including Galaxy Ventures, DCG, and Draper Associates. Umia provides legal frameworks, on-chain auctions, and governance tools for crypto projects, and its first external project, Slop.cash, is expected to launch in Q4 2026.

Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X that Winklevoss has filed for a Zcash ETF, exactly 13 years after abandoning its first spot Bitcoin ETF application.

Odaily News — Crypto collateral protocol Anvil has announced the completion of a $5 million governance token purchase, led by venture capital firm Founders Fund, with participation from Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital.

Anvil has launched a software development kit to help enterprises and financial institutions integrate its digital asset collateral technology without writing blockchain code. The protocol uses collateral to secure financial commitments, without requiring collateral providers to borrow or pay interest. (CoinDesk)

Odaily News: According to Gate data, Brent crude oil (XBRUSD) briefly rebounded to $104/barrel, currently trading at $104.00/barrel, with a 24-hour decline of 0.8%.

Odaily News: Bitcoin News posted on X platform that Czech commercial bank Partners Banka has partnered with MiCA-licensed Anycoin to integrate Bitcoin into its client fund management application. Clients can open a Bitcoin account within minutes and trade starting from 500 Czech koruna, approximately $23, with no custody fees; the trading spread is 2%, of which 1.5% goes to Partners Banka and 0.5% goes to Anycoin. Petr Borkovec, CEO of Partners Banka, stated that the recommended allocation ratio remains limited to within 5% of the portfolio, and the product does not currently include other cryptocurrencies.

Odaily News: According to Bitcoin News monitoring, the U.S. government transferred $21 million worth of Bitcoin to Coinbase Prime.

Odaily reports that Bitcoin Treasuries posted on X that Siebert, an investment bank with $20 billion in assets, has reiterated its buy rating on Trump family-backed Bitcoin mining company American Bitcoin, with a price target of $40. Siebert stated that American Bitcoin has attractive mining economics and the potential to double its hashrate within approximately 12 to 24 months.

Odaily reports that Brian Armstrong posted on X that Coinbase has launched stock options trading for US users, initially supporting the purchase of call options and put options, with no commissions for the first month. Users can trade on the same platform, and the feature will gradually move onchain in the future.

Odaily reports that according to an MSX announcement, MSX has completed the handling of abnormal trades, rollbacks, and asset reconciliation for the period from 00:00 to 10:00 (UTC+8) on October 3, 2026, involving MSX/USDT spot and MSXUSDT contracts. Spot trading has resumed normal operations, and users' current balances, trading records, and profit/loss data all reflect post-handling results. Some accounts may still be temporarily restricted due to risk verification. MSX has decided to delist the MSXUSDT contract trading pair as of the date of the announcement. Profitable positions will be settled based on the profits already generated, while losing positions will be fully compensated within 7 days via USDT airdrops. The trading pair will no longer support new position opening or related trading operations. Eligible affected users will receive a 1,000 MSX airdrop and can enjoy a full rebate on trading fees during the period from 00:00 (UTC+8) on October 7, 2026, to 00:00 (UTC+8) on November 7, 2026. The relevant fees will be distributed in the form of USDT airdrops within 7 days after the rebate period ends.