Odaily: U.S. Senator Cynthia Lummis posted on X that Democrats previously demanded a prohibition on chief compliance officers holding conflicting roles at affiliated crypto entities, and the relevant content was written into the CLARITY Act, but Democrats have now said it is "not needed."

Odaily News: According to MSX.COM data, US mega-cap cloud providers saw their stock prices rise collectively. Alphabet Class A shares rose 1% to $351.745 per share, with a total market capitalization of $4.30 trillion. Microsoft shares rose 2% to $533.060 per share, with a total market capitalization of $3.96 trillion. Amazon shares rose 2.42% to $260.210 per share, with a total market capitalization of $2.81 trillion. Oracle shares rose 5.37% to $142.455 per share, with a total market capitalization of $431.9 billion.

Odaily reports that Bitfinex analysis indicates Bitcoin is typically moved to exchanges before being sold, but during Bitcoin's decline from $87,000, coins held for 6 months or longer were hardly transferred to exchanges. Data shows that nearly all Bitcoin recently flowing into exchanges consisted of tokens that had been moved within the past week. Bitfinex notes that true market capitulation usually requires long-term holders to begin moving and selling their holdings, and this signal has not yet appeared.

According to Gate data, Brent crude oil (XBRUSD) briefly rebounded to $108/barrel, currently trading at $108.03/barrel, with a 24-hour decline of 0.8%.

Odaily News: GMGN founder Haze has announced the launch of the first season of the "GMGN Global Championship," inviting users to compete in a 10-day live Memecoin trading competition on the GMGN platform, with the final six traders selected to travel to London for the grand final.

The qualifiers will run from October 17 to 27 (UTC). Participants must use their own funds (up to $2,000), create a Solana wallet and an EVM wallet to participate, and will be ranked based on realized profit and loss. A real-time leaderboard will be available throughout the competition, and all trades will be recorded on-chain. GMGN stated that daily winners will receive a platinum GMGN nameplate, with the organizer covering flights, hotels, and visa costs for the London grand final, and the ultimate champion will win a limited-edition Aston Martin Vantage.

Odaily News: Ostium has announced its Phase 2 compensation plan, applicable to OLP holders who suffered losses exceeding 1000 USDC and did not opt for expedited distribution. Category A will be repaid in USDC installments, funded by recovered and future recovered funds as well as protocol revenue, with protocol revenue primarily including 50% of opening fees; Category B allows losses to be converted into Ostium Labs equity, valued at the next funding round's valuation. The Phase 2 compensation portal will go live on October 30. Ostium was previously attacked in July, resulting in a loss of $23.75 million.

Odaily: U.S. consumer sentiment slumped in early October as inflation continued to weigh on households, with views of current economic conditions dropping to a record low. According to a survey released by the University of Michigan on Friday, the preliminary consumer sentiment index fell to 46.3, the lowest since May and below the median economist estimate of 47.6. The current conditions index fell to 44.7 from 50.9 last month, the lowest on record. The expectations index rose to 47.3 from 46.3, its first increase since July.

Consumers expect prices to rise 4.7% over the next year, slightly above last month's 4.6%. They expect prices to rise at an annual rate of 3.5% over the next five to 10 years, also slightly above the September reading. Joanne Hsu, who oversees the survey, said in a statement that sentiment fell sharply this month among lower-income consumers and those with smaller stock portfolios. Rising confidence among Democratic and Republican supporters was offset by declining confidence among independents. "Despite their different stances, consumers across the political spectrum believe the economic outlook has weakened compared with earlier this year, before the outbreak of the Iran conflict," Hsu said.

Odaily reports that Starknet has published an introduction to its Quantum-Safe Bitcoin (QSB) scheme, stating that StarkWare researchers have verified a quantum-safe locking mechanism on the Bitcoin mainnet that requires no soft fork, no new opcodes, and no changes to consensus rules. The first QSB output was spent on August 26, 2026, in Bitcoin mainnet block 964,199, with the associated GPU computation cost reduced from approximately $320 to about $50. QSB builds its locking mechanism through hash computation, but each transaction still requires substantial computation, and moving assets into the scheme still requires a traditional transaction that carries quantum risk. The transaction does not comply with Bitcoin Core's default relay rules, and there is currently no accompanying wallet, address format, or recovery process. StarkWare stated that QSB is an emergency research solution, and that the long-term solution still requires the introduction of post-quantum signature mechanisms via a soft fork. Starknet's full quantum resistance also depends on the progress of Ethereum's underlying upgrades.

Odaily reports: CZ shared self-custody security advice, stating that users who purchase hardware wallets or download new software wallets should wait several weeks before transferring large amounts of funds into them.

CZ said that during the waiting period, users should pay attention to relevant security news, including hacking incidents, because hardware devices may be tampered with, and official wallet software websites may also be attacked. He reminded that while self-custody enhances asset control, it also means users need to bear more security responsibility.

Odaily News: According to a notice published on the White House website on Friday, U.S. President Trump announced the establishment of a dedicated committee to investigate allegations against Federal Reserve Governor Lisa Cook. According to the notice dated October 7, Trump stated: "To assist me in fulfilling this responsibility, the committee will investigate the allegations against Governor Cook and report to me whether there exists 'good cause' to remove Governor Cook." This investigation will focus on assessing whether Cook meets the conditions for removal under the law, and does not currently mean that she has been removed.

Odaily reports that CZ posted a warning urging Ledger hardware wallet users to be more vigilant, especially those who recently purchased devices. He stated that based on currently available information, the incident appears to be related to a supply chain attack involving a certain vendor, and a small number of users may have purchased counterfeit or tampered Ledger devices.

CZ said that Ledger is one of the most established and secure hardware wallets in the industry, having long withstood market tests, but similar incidents can still occur. He expressed hope and belief that BNB ecosystem participants and the entire crypto industry will assist in tracking and recovering the related funds.

Odaily reports that the preliminary reading for the US one-year inflation rate expectation in October came in at 4.7%, versus an expected 4.7% and a previous reading of 4.60%. (Jinshi)

Odaily reports that at 21:16 Beijing time, an address transferred 2,000 BTC worth approximately $166 million to Bitfinex. On-chain data shows that the address held approximately 3,589 BTC before the transfer and still holds approximately 1,589 BTC.

Odaily reports that New York Attorney General Letitia James announced on Friday a settlement regarding Celsius former CEO Alex Mashinsky's alleged fraud against investors, securing up to $35 million in contingent damages and requiring his permanent exclusion from the securities, commodities, and cryptocurrency industries.

Previously, the U.S. Federal Trade Commission (FTC) and the Commodity Futures Trading Commission (CFTC) had also imposed industry bans on Mashinsky. Mashinsky is currently serving a 12-year prison sentence. Meanwhile, Celsius creditors have received over $3.4 billion in compensation through the company's bankruptcy proceedings.

Odaily reports that Ledger Support posted on X platform stating that it is currently investigating a theft of assets involving Southeast Asian users, who had purchased devices through reseller CryptoBilis. Ledger has asked CryptoBilis to suspend sales and shipments, and recommends that users who purchased devices through this reseller within the past 90 days refrain from initializing their devices; users who have already completed setup should create a new Ledger signing device using a new mnemonic phrase and transfer their assets to a new wallet.

On-chain investigator Specter previously estimated that this incident has led to the theft of hundreds of wallets across Bitcoin, Ethereum, and Tron networks, with losses exceeding $86 million. Security researcher tanuki42 previously estimated losses had exceeded $72 million and stated that the amount is still increasing. Currently, the specific cause of the incident and whether the affected devices have security vulnerabilities remain to be investigated and confirmed.

According to Odaily, Bitcoin Treasuries posted on X platform that U.S. President Donald Trump disclosed that he purchased an additional $1,001 to $15,000 worth of Strategy stock in August while Strategy's share price had fallen to $97. Strategy's stock price has since risen over 55%.