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.

Odaily News: Ahead of the release of the US September nonfarm payrolls report, JPMorgan's trading desk chose to end its previous tactically neutral stance on US equities and shifted back to bullish.

The bank believes that stronger-than-expected US economic activity, resilient consumers, steady corporate earnings growth, and bond yields potentially gradually finding a new equilibrium level make the short-term environment for US equities more favorable than before.

Andrew Tyler, JPMorgan's head of US market intelligence, said in a client note on Monday that as bond yields stabilize, while oil prices may still be volatile but could gradually pull back, the combination facing the market is improving. He believes that economic growth and corporate earnings remain sufficient to support risk assets.

This also marks a clear shift for JPMorgan's trading desk over the past month. At the end of August, after Federal Reserve Chairman Warsh delivered hawkish signals at Jackson Hole, the market quickly raised rate hike expectations, and Tyler lowered his tactical view on US equities at that time. Even earlier, he turned cautious in early June, after which US stocks underwent several weeks of adjustment.

Odaily News: According to market sources, Binance Alpha 2.0 has listed XDP.

Odaily: Bank payment infrastructure provider Volante Technologies and Circle have announced a strategic partnership to integrate USDC-related payment and settlement processes into Volante's bank payment platform, enabling financial institutions to evaluate stablecoin applications within their existing payment infrastructure without building a separate digital asset system. Supported processes include USDC minting and redemption, receiving wallet registration, fund transfers, and wallet-to-wallet payments. Volante's clients include 4 of the world's top 5 corporate banks and 7 of the top 10 U.S. banks. Both parties stated that the partnership aims to help banks move stablecoins from the experimental stage to practical payment and settlement applications.

Odaily reports: According to MSX.COM data, US semiconductor stocks broadly declined during intraday trading, with the Philadelphia Semiconductor Index falling 2.16%. In the memory storage sector, Micron Technology dropped 3.28%, SK Hynix fell 5.00%, SanDisk declined 5.07%, Western Digital dropped 4.77%, Seagate Technology fell 3.87%, and Kioxia ADR declined 5.02%.

According to SoSoValue data, as of 8:00 AM ET on September 28, 2026, the total weekly net buying of Bitcoin by publicly listed companies (excluding mining companies) worldwide last week was $239 million, an increase of 30.4% compared to the previous week.

Strategy (formerly MicroStrategy) bought 1,665 Bitcoin last week at a price of $85,681, spending approximately $143 million, bringing its total holdings to 847,666 BTC.

Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking eleven consecutive weeks without buying Bitcoin.

In addition, 3 other companies announced Bitcoin purchases or holdings updates last week. French Bitcoin company Capital B announced on September 28 that it purchased 13 Bitcoin at a price of $85,693.40, bringing its total holdings to 3,538 BTC; asset management company Strive announced on September 28 that it spent approximately $94.53 million last week to purchase 1,107 Bitcoin at a price of $85,396, bringing its total holdings to approximately 27,462 BTC.

As of press time, the publicly listed companies (excluding mining companies) tracked in the statistics collectively hold a total of 1,159,755 Bitcoin, an increase of 0.32% compared to the previous week, with a current market value of approximately $96.74 billion, accounting for 5.7% of Bitcoin's circulating market cap.

Odaily reports that Lookonchain posted on X platform stating that data from September 28 shows Bitcoin ETFs had a net inflow of 29,300 BTC over the past 7 days, valued at $2.45 billion; over the past 1 day, the net inflow was 1,740 BTC, valued at $146 million.

Ethereum ETFs had a net inflow of 231,500 ETH over the past 7 days, valued at $624 million; over the past 1 day, the net inflow was 20,400 ETH, valued at $55.12 million.

Odaily News: The European Securities and Markets Authority (ESMA) has published its 2027 work program, which will coordinate national supervision of crypto asset service providers (CASPs), with a focus on operational resilience, outsourcing risks, liquidity, reverse solicitation, and asset classification.

ESMA Chair Verena Ross stated that MiCA's focus has shifted from rule-making to supervision and convergence. ESMA plans to harmonize the periodic reporting that CASPs submit to national regulators and promote common risk indicators and supervisory dashboards.

ESMA will advance MIDAS, a centralized crypto market monitoring system, to monitor potential market abuse under the MiCA framework. The first phase of the system is expected to be fully operational by 2027.

ESMA plans, after obtaining Board approval, to add analytical functions to MIDAS and expand the types of usable data in the fourth quarter, while incorporating supervisory experience into the European Commission's MiCA review, which is expected to be completed by June 2027. (Cointelegraph)

Odaily News: The Federal Reserve's Inspector General has revealed that an employee may have taken confidential Fed information upon leaving their position. (CLS)

Odaily News: Prominent researchers from OpenAI, Anthropic, Meta, and Microsoft are calling for government regulation of AI with self-improvement capabilities. (WSJ)