Odaily reports: A judge in the US District Court for the Eastern District of New York has dismissed a class action lawsuit over the ME token against Euclid Labs, the operating entity behind Magic Eden, and its co-founder Zhuoxun Yin. The plaintiffs alleged that the platform had promoted the ME token as offering cross-chain capabilities and buyback benefits, but later pivoted to a gambling platform, causing the token price to fall by more than 98%.

The judge determined that the wallet terms signed by users contained a valid class action waiver, and the federal court therefore lacked subject matter jurisdiction under the Class Action Fairness Act; the court also ruled that it lacked personal jurisdiction over Zhuoxun Yin. The ruling applies only to the pleading stage, and other defendants, including CEO Jack Lu, remain in the lawsuit.

Odaily reports: The Sweat Foundation has announced that, as the current model has failed to achieve sustainable profitability, Sweat Wallet and SWEAT will terminate their existing operating format on December 30, with specific follow-up arrangements to be announced in the first week of December.

The Foundation stated that when the claim and Grow Jar contracts are closed, unclaimed SWEAT and savings balances will be sent to the associated NEAR accounts; the SWEAT token will continue to exist on NEAR and bridged EVM chains, and the Sweatcoin app, operated by an independent company, will continue to operate normally.

Odaily reports that cryptocurrency exchange BitMart has released a preliminary proposal, stating that since August 2026 it has been reviewing its assets and liabilities and drafting response arrangements. Users can choose a front-end distribution, or receive deferred but potentially higher recoveries from sources that may be recovered and liquidated. The management team stated it will continue to cooperate.

BitMart stated that the December 2021 hack created a balance sheet shortfall of approximately $319.5 million based on December 4, 2021 valuations. Since May 2026, social media attacks have triggered panic withdrawals, and affected personnel face the risk of personal information leakage. After evaluating a $10 million liquidity proposal from an investor, management determined it was insufficient to cover operating pressures and the shortfall.

BitMart plans to implement a court-approved plan backed by its assets, converting users' outstanding account balances into USD based on the weighted average trading price from July 26, 2026 to a designated record time. Users can choose to receive a front-end distribution including fiat currency, stablecoins, and Bitcoin, ETH, and SOL; exchange recovery tokens to participate in the pursuit of stolen assets; or exchange continuation tokens tradable on decentralized exchanges to participate in investment rights, disposal of illiquid assets, and future project profit distribution.

Within the next three to four weeks, the BitMart team, with the assistance of advisors, will seek specific feedback on the proposed plan from the top 50 users by account balance value. After considering user feedback, the team will inform stakeholders of any adjustments to the plan in due course.

Odaily News: Robinhood CEO Vlad Tenev stated that Robinhood Chain will not deliberately pick or support specific winners, and will remain platform-neutral while minimizing fees as much as possible. Robinhood aims to help developers and will continue to attract more users and developers to Robinhood Chain, building it into something better.

Odaily Report: According to MSX.COM data, US stocks opened with the Dow up 0.14%, the S&P 500 up 0.22%, and the Nasdaq up 0.46%. Accenture (ACN.N) rose 17.8%, as its fourth-quarter results and next fiscal year guidance boosted the stock price. Google A (GOOGL.O) rose 2.4% after previously launching the Gemini 4 flagship AI model. Micron Technology (MU.O) fell 1.8%, as its quarterly results and next-quarter guidance appeared unable to satisfy the market.

Odaily News: Sui posted on X that, as a new member of LF Decentralized Trust, Sui will partner with OpenAssets Inc. to extend open tokenized asset standards to the Sui ecosystem, helping to establish shared standards between institutions and markets.

Odaily reports: According to MSX.COM data, at the U.S. stock market open, the Dow rose 0.16%, the S&P 500 rose 0.15%, the Nasdaq rose 0.35%, and the VIX fear index rose 0.31%. AI-related stocks rose broadly, with Accenture up 19.85%, EPAM up 9.27%, Synopsys up 7.67%, IBM up 5.08%, and ServiceNow up 4.32%.

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 assets such as NVIDIA, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Odaily News: According to the latest data from Gate, the price of gold has risen to $4,167.68 per ounce, with an intraday gain of 0.08%. The price of silver has risen to $61.03 per ounce, with an intraday gain of 1.52%.

In the foreign exchange market, the U.S. dollar rose 0.14% against the offshore Chinese yuan (USD/CNH) intraday, with the current exchange rate at 6.71803. The U.S. dollar rose 0.38% against the Japanese yen (USD/JPY) intraday, with the current exchange rate at 158.005.

In global stock indices, the Euro Stoxx 50 Index (EUSTX50) fell 0.35% intraday, quoted at 6,231.9 points; the UK FTSE 100 Index (UK100) fell 0.77% intraday, quoted at 10,503 points; the German DAX 40 Index (GER40) rose 0.1% intraday, quoted at 25,157.4 points.

In commodities, WTI crude oil rose 0.28% intraday, quoted at $93.77 per barrel. Brent crude oil rose 2.23% intraday, quoted at $104.45 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, foreign exchange, global stock contracts for difference (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 platform, 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 diversified asset allocation experience.

Odaily News: Robinhood Wallet has integrated the Arcus API, expanding tradeable stock tokens to over 190. Arcus has become one of the routing providers for Robinhood Wallet's stock token spot trading, and eligible users located in supported regions can access Arcus's liquidity and execution infrastructure through the wallet.

According to Bitcoin News on X, the Netherlands' proposed 2028 Box 3 tax regime will impose an annual tax on gains from crypto assets held in self-custodial wallets, even if investors have not sold the assets. Crypto assets held through banks or regular investment accounts will generally be taxed when gains are realized. The proposal has been passed by the Dutch House of Representatives and still requires Senate approval to become law.

Odaily News — According to monitoring by ZachXBT, NEAR Intents has issued a security notice confirming an attack, with a preliminary investigation indicating that the vulnerability stemmed from flaws in the interaction between Omni's deposit and withdrawal infrastructure and its contracts. NEAR Intents has completed the contract vulnerability fix, expects to restore core services within 1 hour, and has promised full compensation for affected assets. Deposits and withdrawals on multiple public chains including BSC, Polygon, and TON will be additionally suspended for approximately 12 hours. The case has been reported to authorities and on-chain tracing has been initiated. Multiple abnormal outflows occurred from NEAR Intents' BSC hot wallet, with the stolen funds transferred to KuCoin and bridged to the Bitcoin network, involving an amount exceeding $3.8 million.

Odaily: More than 50,000 European users submitted comments during the MiCA review consultation period ending September 30, calling on the EU to allow regulated stablecoins to offer cashback, loyalty rewards, and fee discounts under clear rules.

Odaily reports: US initial jobless claims edged down to the lowest level since July, while continuing claims fell to a three-year low, indicating that the labor market remains healthy. Continuing claims decreased by 11,000 to 1.7 million, the lowest since March 2023. Over the past few months, initial jobless claims have hovered near historic lows, suggesting that businesses are reluctant to cut staff amid solid economic activity.

Meanwhile, hiring has become more cautious. The government's nonfarm payrolls report due on Friday is expected to show the unemployment rate held at 4.1% in September. The four-week moving average of initial claims fell to 200,000, a seven-week low. Without seasonal adjustments, initial claims declined in most states, including Hawaii, Georgia, and Texas. (Jinshi)

Odaily News: Bitget PoolX has launched a new round of lock-up events, where users can lock XAUT, SOL, or XRP to participate in sharing a 100,000 BGB airdrop. The lock-up channel will be open from October 2 at 14:00 to October 9 at 14:00 (UTC+8).

Among them, the XAUT lock-up pool has a total airdrop of 45,000 BGB, with an individual lock-up cap of 300 XAUT; the SOL lock-up pool has a total airdrop of 35,000 BGB, with an individual lock-up cap of 10,000 SOL; the XRP lock-up pool has a total airdrop of 20,000 BGB, with an individual lock-up cap of 400,000 XRP.

This round's XAUT lock-up pool supports a long-term holding bonus mechanism. The system will provide an additional bonus on the locked amount based on the user's minimum XAUT holdings over the past 15 days. For more details, please refer to the official Bitget platform.

Odaily News: The Hyperliquid Policy Committee has submitted feedback in response to the European Commission's targeted consultation on the evolution of the MiCA framework. This marks its first policy submission outside the United States. The committee called on the EU to make moderate calibrations based on the existing financial regulatory framework, adhere to the classification principles of technological neutrality and economic substance, and recommended incorporating onchain perpetual contracts into the MiFID II regulatory framework through existing ESMA guidance.

The Hyperliquid Policy Committee stated that onchain perpetual contracts are matched through public central limit order books and should not mechanically apply retail restrictions targeting traditional contracts for difference. At the same time, it said regulators should recognize the public and transparent verifiability of public chains, exempt regulated institutions from duplicative reporting burdens for publicly available onchain data, and ensure that EU investors can access global liquidity.

According to Onchain Lens monitoring, a Hyperliquid trader holds a long position of 8,065 ZEC worth $11.38 million, with an entry price of $1,457.6, unrealized losses of $379,700, cumulative losses of $1.4 million, having paid $87,700 in funding fees, and a liquidation price of $1,363.9. Two hours ago, a ZEC position worth $3.11 million in this account was liquidated, resulting in a loss of $190,100.