Odaily News: Tokenization company Ondo Finance sought a sale to potential buyers following the death of founder and CEO Nathan Allman. A legal dispute over control of the company may have put the sale plans on hold. Ondo Finance offers tokenized U.S. Treasury and equity products, with combined product scale exceeding $3.8 billion. (CoinDesk)
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has clarified that commodity firms will not face penalties for allocating investor funds to tokenized assets.
The CFTC also noted that the existing regulatory framework allows institutions to use blockchain technology to maintain official records. (CoinDesk)
Odaily reports that Bitcoin Treasuries states Strive is expected to have raised sufficient funds to purchase over 135 Bitcoin today, bringing its cumulative weekly purchases to over 1,100 Bitcoin.
According to Onchain Lens | Robinhood ⚡ monitoring, a whale withdrew 27,300 HYPE, worth approximately $2.55 million, from Coinbase minutes ago. Over the past 16 days, this wallet has accumulated 81,900 HYPE, worth approximately $7.13 million.
Odaily reports that Bitcoin News posted on X platform stating that Blink said all account balances that suffered financial losses in the September 19 security incident have been restored to pre-incident levels.
The software vulnerability had allowed attackers to transfer funds from dozens of accounts and obtain account information of approximately 3,400 other users. Blink stated that no funds were stolen from these 3,400 accounts, and the attackers did not obtain users' names, identification documents, or addresses; the company has contacted affected users and will publish a full incident review.
Odaily News: According to Gate data, Brent crude oil (XBRUSD) rose above $106/barrel, currently reported at $106.02/barrel, with a 24-hour gain of 2.9%.
Odaily News: French semiconductor company Sequans Communications has announced the sale of its remaining 314 Bitcoin, completely exiting a reserve strategy that once held over 3,200 Bitcoin. The company stated that this move followed the redemption of convertible debt in May and that it will refocus on cellular IoT and software-defined radio businesses.
Sequans said the proceeds from the Bitcoin sale have been used to settle convertible debt and improve its balance sheet. The company currently holds no cryptocurrency and has no outstanding debt other than government-funded R&D obligations. (Cointelegraph)
Odaily News: Musk stated that SpaceX (SPCX.O) will continue to accelerate its artificial intelligence development, and said that if the current growth momentum is maintained, SpaceX is expected to reach a leading position in the AI field within approximately 6 months.
Musk pointed out that SpaceX's AI project has only been underway for about 3 years, while Anthropic and OpenAI have histories of 6 years and 10 years respectively, but the company still possesses the potential to catch up rapidly. He stated that higher AI capability is not always better, and that once intelligence levels have surpassed the requirements of a certain type of task, further improvement yields limited value. Musk also emphasized that the key challenge in AI competition lies in hardware and computing power, as the rapid deployment of large-scale computing capacity is extremely difficult, while SpaceX has already demonstrated strong infrastructure-building capabilities and will continue to improve them.
Odaily reports that according to Gate data, Brent crude oil (XBRUSD) briefly pulled back to $104/barrel, now trading at $103.91/barrel, up 0.8% in 24 hours.
Odaily report: Genius co-founder Ryan Myher stated that Genius is essentially a crypto asset trading terminal, and points are an additional benefit users may earn when trading. He said that all users of Genius have agreed to the airdrop terms, and the points rules will also be adjusted based on actual conditions. Due to a recent decline in the platform's trading volume, the daily points distribution has been reduced accordingly. Ryan Myher stated that he hopes to operate Genius for the long term and promised that "his own tokens will not unlock before users'."
Odaily News: A data center developer backed by an affiliate of Blue Owl Capital has announced a $1.1 billion bond offering to bet on AI compute, funding a data center project on Digital Drive near Richmond, Virginia. The data center will have 76 megawatts of IT capacity and will be fully leased by CoreWeave under a 15-year, $2.94 billion contract. It is expected to become operational between 2027 and 2028. (Bloomberg)
Odaily News: The Bank of Russia has established market access procedures for digital custody institutions, crypto trading platforms, and operators of digital rights information systems, requiring relevant participants to be included in the corresponding registries. The regulations set out qualification requirements for members of relevant governing bodies and specific officials, application document checklists, and registration procedures, while providing simplified access rules for existing market participants. The relevant regulations have been registered with the Russian Ministry of Justice and will take effect on October 5, 2026.
Odaily reports: Digital bank SoFi has begun settling debit and credit card transactions with Mastercard through the stablecoin SoFiUSD, and plans to migrate its entire card business to the system. The card business is expected to process over $25 billion in annualized transaction volume.
SoFi stated that cardholders can continue to use their cards as usual, with on-chain settlement occurring in the background to accelerate transaction settlement. The arrangement does not remove intermediaries such as Mastercard and banks from the card settlement process, but instead provides an alternative blockchain-based settlement channel. (Cointelegraph)
According to Odaily, Solana officially announced that the Zama token ZAMA has launched on Solana via Sunrise.
According to Gate data, the US dollar rose above 159.0 against the Japanese yen (USDJPY), now at 159.018, up 0.4% in 24 hours.
