Odaily News: As private assets become difficult to sell and investor redemption requests surge, Wall Street's main financial regulator is urging the financial industry to step up its efforts in valuing such assets. The U.S. Securities and Exchange Commission (SEC) on Monday issued a statement regarding existing regulatory requirements. Although it did not propose new rules, it is viewed as a "key reminder." This signals that the agency will focus on how firms determine the value of their holdings and how they disclose these values and related risks to investors.

The SEC's Office of the Chief Accountant and the Division of Investment Management said in a joint statement: "Across the valuation and disclosure topics discussed in this statement, the core message is consistent: sound policies and procedures, combined with adequate material disclosure, help investors understand an entity's fair value assessment process, the judgments involved, and the risks associated with private assets."

Odaily News: The Kobeissi Letter posted on X platform stating that AI agents are entering commercial transactions in large numbers, but there is currently a lack of unified standards to verify who AI agents represent and whether they are authorized. This means that software with insufficient security could make large expenditures on behalf of individuals and institutions, while the AI agent market is projected to exceed $53 billion by 2030.

Stripe stated in June of this year that 70% of its API data access instructions already come from AI agents; over the past year, Visa, Mastercard, and American Express have all launched AI agent commerce protocols, and Shopify has also opened AI agent sales channels to approximately 1 million merchants by default. The Kobeissi Letter believes that as AI agents become widespread, simple and secure transactions will become increasingly difficult to identify.

Odaily: glassnode posted on X that spot traders are shifting to altcoins, with total altcoin spot trading volume now nearing 4 times that of Bitcoin, reaching its highest level since September 2025. glassnode noted that such rising demand for high-risk assets has historically coincided with BTC's阶段性 tops.

Odaily News: Sei posted on X platform that REX Shares and Osprey Funds have updated their staking SEI ETF application filing with the U.S. Securities and Exchange Commission (SEC), setting October 23 as the effective date. The ETF is intended to provide spot SEI exposure with staking yield support. Previously, REX Shares and Osprey Funds also filed similar ETF applications for assets including NEAR, HYPE, SUI, and AVAX.

Odaily reports that whale Lee Goon Wang just sold 15,000 ZEC through a limit sell order on Hyperliquid, worth approximately $23 million. The limit order was placed at a price about $30 lower than the market price at the time, a decrease of approximately 2%.

Odaily News: A report shows that Pumpfun's 7-day revenue has surpassed Hyperliquid, rising to third among all crypto applications. Polymarket data shows that Hyperliquid's "yes" quote for hitting $100 by the end of 2026 dropped from 82% to 80% over the past 24 hours, while the "yes" quote for hitting $150 rose to 18.5%. Other statistics show that Pumpfun's 7-day protocol revenue was $9.65 million, lower than Hyperliquid's $15.06 million.

Odaily reports that MEXC posted on X in response to a recent user asset security incident that drew community attention, stating that it immediately set up a dedicated task force after the incident occurred, got in touch with the user, and followed up throughout the entire process. Currently, MEXC has reached an agreement with the user on the relevant matters, and the incident has been properly resolved. MEXC stated that it will continue to prioritize user asset security and rights, responding promptly and properly handling related issues whenever users need assistance.

Odaily report: Coinbase posted on X that Agents can trade cryptocurrencies, U.S. stocks, and derivatives through Coinbase, pay for market data services, manage capital efficiency, and run workflows and set up automated processes.

Odaily News: On-chain analytics platform Nansen has launched a search feature covering over 200,000 wallets linked to mobile copy-trading app FOMO on Solana and Base, allowing users to query their holdings, trades, and profit or loss data. The feature also includes associated addresses that are not visible within the FOMO app interface; Nansen's database has now labeled over 500 million wallets.

FOMO launched around May 2025 as a non-custodial copy-trading platform supporting multi-chain gas-free swaps. Since its launch, cumulative trading volume has reached billions of dollars, with weekly revenue hitting $264 million in 2026. It completed a $75 million Series B funding round in June, bringing total funding to approximately $94 million.

Odaily reports: DeFi researcher Ignas posted on X that there are currently too few quality tokens in the market that truly have strong revenue support—only about 20 projects have holders generating daily revenue of over $50,000. However, this may also further concentrate capital and market attention toward a small number of projects. For this reason, he looks forward to more projects that have already generated actual revenue launching token generation events (TGEs), and hopes Polymarket will also adopt a TGE model.

Ignas added that after further considering valuation, token unlocks, and revenue sustainability, the pool of viable targets will shrink even further. Although some tokens may appear attractive, their market cap to fully diluted valuation (MC/FDV) ratios are not ideal. As a result, investors need to bet that demand growth will outpace the supply growth brought by token unlocks, making some tokens more suitable for trading than for long-term holding.

Ignas believes that for most tokens, what investors are still trading is narrative and market sentiment, and they need to trust that project teams will deliver on their promises. With several DAOs having recently dissolved, the so-called "decentralized" accountability mechanisms are also not sufficient.

According to Gate data, the US dollar against the Japanese yen (USDJPY) rose above 157.5, currently at 157.544, up 0.1% from the previous trading session's close.

Odaily: The US 30-year Treasury yield rose 7 basis points intraday to 5.57%, hitting a new high since 2002.

Odaily: Bybit today added the Kiichain (KIIUSDT) perpetual contract, supporting up to 5x leverage.

Odaily reports that Ledger CTO Charles Guillemet has stated that the view that only about 30% of BTC faces quantum computing risk, while the remaining roughly 70% is safe due to public key hash protection, is problematic. Previous Glassnode data shows that approximately 30.2% of BTC has already exposed its spending public key on-chain, but Guillemet points out that this only measures the static state on-chain; unexposed public keys may still exist in xpubs, devices, PSBTs, logs, or backups. At the same time, once BTC initiates a transaction, the public key becomes public before the transaction is confirmed.

Guillemet cites Google Quantum AI research, stating that under the assumption of a high-speed quantum computer that does not yet exist, a relevant attack targeting secp256k1 could be completed in about 9 minutes. Therefore, simply hiding public keys cannot solve the quantum risk, and Bitcoin will ultimately still need to migrate to post-quantum cryptography.

Odaily News: AMC CEO Adam Aron posted on X again, calling out Robinhood CEO Vlad Tenev and Chief Legal Officer Dan Gallagher. Adam Aron pointed out that Robinhood had previously expressed support for the U.S. Securities and Exchange Commission (SEC)'s position on U.S. stock tokenization, arguing that tokenized stocks should carry voting rights and that companies should be able to opt out. If Robinhood does not adopt the same principles in its overseas business, it would be "hypocritical." He called on Robinhood not to go against the SEC's position, saying "don't slap the SEC in the face."

Odaily News: The UK Financial Conduct Authority has obtained a court order requiring two individuals involved in a fraudulent crypto investment scheme to jointly repay £851,400, with plans to return the funds to victims. At least 65 investors suffered combined losses of £1.54 million, and the recovered amount accounts for approximately half of the total losses.