Odaily: Galaxy's head of research posted on X that Hester Peirce said society is currently at a crossroads: one path is to maintain the status quo—collecting more data, strengthening surveillance by intermediaries, and adding more "Know Your Customer" requirements, turning financial infrastructure into a panopticon; the other path is to leverage new technologies to improve the ability to catch criminals while collecting less personal information, and to protect Americans' privacy through more prudent surveillance.

Odaily reports that Tom Lee, Chairman of Ethereum treasury company Bitmine, said in an interview that this crypto market bull run could be larger than the past few cycles. He believes that crypto-related stocks have already led gains in the third quarter, indicating that the bull market has begun.

Lee noted that unlike past cycles driven by ICOs, NFTs, meme coins, and stablecoins, this rally is also being fueled by tokenization, AI, and a more favorable policy environment for the crypto industry. After years of consolidation, he expects the market to see a more decisive breakout, with upside potential that could exceed previous cycles.

According to Odaily, Bitcoin Treasuries posted on X that BlackRock's iShares (IGV) ETF has disclosed an increase of 123,472 shares in Bitcoin treasury company Strategy, valued at $19.5 million. Currently, the ETF holds a total of 1.76 million shares in Strategy, valued at $280 million.

Odaily: According to market sources, Ondo Finance has partnered with BlackRock to launch a tokenized "smart portfolio."

Odaily reports that stablecoin infrastructure company HIFI has completed a $37 million Series A funding round led by Left Lane Capital, with the specific valuation not yet disclosed. HIFI CEO Zach Walsh stated that this is the company's first priced funding round, and the platform currently processes approximately $7 billion in annualized direct transaction volume. The funding will be used to expand stablecoin payment products and tokenized capital markets infrastructure. HIFI currently supports fiat on/off ramps between USD and stablecoins, payments through the U.S. banking system and bank cards, and provides USD cash settlement services for tokenized repurchase agreements and U.S. Treasury transactions. HIFI has also previously participated in the Depository Trust & Clearing Corporation (DTCC)'s production trading tests for tokenized securities. (Cointelegraph)

Odaily reports: U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig stated that after the Senate rejected the Clarity Act, the CFTC will still advance crypto market structure rulemaking, saying "now is the time to act."

Selig pointed out that the CFTC's existing statutory authority provides room for advancing rules without waiting for Congress to pass new legislation. The agency will also reassess existing rules applicable to 24/7 on-chain markets driven by algorithms and intelligent agents.

Related arrangements may include establishing a designated contract market category to allow exchanges to offer crypto leveraged trading under CFTC oversight; however, the CFTC does not have the authority to regulate the spot market on this basis, and spot market regulation still requires legislation. (Decrypt)

Odaily reports that well-known trader Bonk Guy posted that investors are currently being forced to sell high-conviction holdings due to market weakness, and this is precisely the most fragile phase. In his view, the truly difficult thing is not buying when the market is rising, but continuing to hold and buy the dip when the market falls into dullness and pain.

Bonk Guy added that recent market movements have largely aligned with his previous expectations. Over the past two weeks, on-chain market performance has been relatively volatile, especially showing a clear cooldown compared to the strong momentum of the previous 1 to 2 months. Aside from a few assets such as USELESS and STONK, most of the previously popular tokens have now declined, with some dropping more than 50%. Newly issued tokens have performed especially badly. Therefore, he still regards the fourth quarter as the key focus and believes that the past few months were merely a prologue. If the market continues to rise in the coming weeks as he expects, investors who sell their high-conviction holdings now may regret it.

Odaily News: Bitcoin News posted on X that Raiffeisen Bank International is expanding its partnership with Bitpanda to Central and Eastern Europe, providing digital asset services to approximately 18 million customers across its banking network. The initiative builds on the partnership model first launched in Austria in 2024.

Odaily reports: AI startup Island announced the completion of a $400 million Series F funding round led by Evolution Equity Partners, with participation from existing investors Prysm Capital, Sequoia Capital, Coatue Management, Cyberstarts, Insight Partners, and JP Morgan Growth Equity Partners. The company's valuation reached $6.4 billion.

The Dallas-based company primarily develops enterprise security tools. Island stated that the new funding will drive the company into its next phase of growth and innovation, helping enterprises scale the adoption of AI agents and modernize the way they work. (Reuters)

Odaily reports that blockchain security researcher Specter has stated that while investigating the Payy Network attack incident, he discovered that an address associated with a MetaMask Swap router contract was blacklisted by Tether in 2021 and has remained blacklisted ever since. Specter said he had not previously noticed this situation.

Odaily News: On September 24, Bybit announced the launch of its new global brand theme "Make Your Move," marking the company's further evolution from a cryptocurrency trading platform to a full-stack financial platform. Since its founding in 2018, Bybit has weathered multiple industry cycles and its own transformations, and has now grown into a comprehensive platform connecting markets including cryptocurrency, stocks, gold, forex, indices, and derivatives, while bridging payments, spending, wealth management, institutional solutions, and intelligent financial services to build an integrated The New Financial Platform.

The new brand positioning continues the vision set forth earlier this year by co-founder and CEO Ben Zhou—built for everyone, driven by intelligence, and open to the world. Make Your Move focuses on the diverse choices users have on an interconnected financial platform, emphasizing a financial experience centered on the individual.

Visually, the iconic orange letter I in the Bybit name has been transformed into a standalone brand symbol, representing the power of action for individuals within the financial system. The new visual pattern features a single orange line standing out from repeated lines, symbolizing an individual taking their own step within the system. It is reported that Bybit teased the refresh on social media yesterday, and today simultaneously updated its logo and visual assets across official channels.

Currently, Bybit has over 80 million registered users across 181 countries and regions, offering more than 442 spot assets and 235 traditional financial market trading instruments, with its P2P network covering 48,000 active merchants, and Bybit AI having connected over 600 platform services.

This brand refresh reflects Bybit's transformation from the inside out, and further reinforces its commitment to building The New Financial Platform and opening global financial opportunities to a new generation of users.

1. Binance will list HYPE and add the seed tag;

2. Former SEC Acting Chairman Mark Uyeda: crypto cases were dropped in early 2025 to preserve the court's credibility;

3. The Information: DeepSeek completes $7.5 billion funding round at a $75 billion valuation;

4. Polymarket odds of "the Fed raising rates by 25 basis points in October" currently at 65%;

5. Nearly $16 million stolen; scammer impersonating Coinbase customer service sentenced to 4 to 12 years in prison;

6. Goldman Sachs Asset Management: the Fed is unlikely to enter a sustained rate-hiking cycle;

7. Kalshi single market's approximate trading volume exceeds $5 billion, CFTC reviews related activity;

8. Citi: expects the Fed to hold rates steady in October and December, resuming rate cuts in June 2027;

9. A cumulative 4.23 million HYPE worth $285 million deposited, as Multicoin Capital deposits another 130,300 HYPE to Coinbase Prime;

10. "The Big Short" prototype: continues shorting tech stocks such as Micron, AI tech stocks may repeat a cyclical downturn.

Odaily News: According to on-chain analyst Yu Jin, over the past week, HypeStrat (0x6436...0103) added 1.444 million HYPE at approximately $93.7 per token, worth about $135 million. The address currently holds approximately 35.1 million HYPE, worth about $3.206 billion, with an average cost of approximately $46.7, resulting in unrealized gains of approximately $1.567 billion.

Odaily reports that on September 24, Japanese stocks related to digital assets, semiconductors, and data centers showed active performance. According to Japanese stock market data on the Gate platform, Metaplanet (3350) rose 20.16% to approximately $2.00; Ibiden (4062) rose 14.62% to approximately $142.00; Data Section (3905) rose 13.61% to approximately $11.00.

Gate has established a trading service system covering four core markets: US stocks, Japanese stocks, Hong Kong stocks, and Korean stocks, supporting over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, and approximately 300 Japanese stocks, covering a total of over 12,800 global stock and ETF assets. Gate supports users in participating in global stock trading through a one-stop experience using USDT, and offers fractional share trading with a minimum investment of 0.01 shares and corresponding stock dividend rights. The platform also supports cross-brokerage transfers for US and Hong Kong stocks, as well as corporate actions such as stock splits and reverse splits, further optimizing the stock investment service experience.

Odaily reports that Shan Aggarwal posted on X that Coinbase's integration progress following the acquisition of Deribit is generally going well. The two parties have launched over 100 new USDC-settled contracts across 5 market segments, including pre-IPO perpetual contracts, marking the largest perpetual contract expansion in Deribit's history. Coinbase has also for the first time listed stocks and ETFs as perpetual contracts, launched a new matching engine to enhance trading infrastructure, and connected Coinbase spot liquidity to Deribit spot trading.

Odaily reports that Killa posted on X platform stating that they believe Bitcoin's bottom has already formed, and from current levels up to $126,000, the maximum pullback in this bull cycle is expected to be around 10% to 15%. If Bitcoin forms a local high near $87,000 before further declining to the low $70,000s, that zone could become Bitcoin's bottom; if the relevant price level is touched, they will significantly increase long positions betting on the continuation of the uptrend. Killa stated that Bitcoin is currently testing the key zone near $80,000, and if it can hold the previous breakout range high, the uptrend may still continue; they would only consider shorting near $90,000.