Odaily: The European Securities and Markets Authority (ESMA) has published a consultation paper seeking industry feedback on the legal, liquidity, and operational risks of tokenized collateral, in order to assess whether clearing institutions can obtain and liquidate such assets under market stress, and to determine whether new EU regulatory measures are needed.

ESMA Chair Verena Ross stated that legal certainty, infrastructure interoperability, and appropriate regulation are needed to create the conditions for the safe cross-border operation and scaling of tokenized markets. Tokenized collateral is entering European clearing operations, enabling banks and investors to obtain securities more quickly to meet margin requirements.

The assessment will also examine whether current EU rules can support clearing institutions in obtaining and liquidating tokenized collateral in the event of a member default. In July 2025, Eurex Clearing launched a collateral service based on distributed ledger technology, and JPMorgan completed its first real-time transaction for Dutch pension investor PGGM.

ESMA will also assess tokenized forms of assets held by traditional financial infrastructure, assets natively issued on distributed ledgers, and their relationship with stablecoins, central bank money, and tokenized deposits. The European System of Central Banks launched Pontes in September 2025 to settle tokenized asset transactions in central bank money, and to connect blockchain infrastructure with existing settlement systems. (Cointelegraph)

Odaily News: Bybit today added 6 stock perpetual contracts: United Microelectronics (UMCUSDT), T-Rex 2x Long BMNR ETF (BMNUUSDT), Viking Therapeutics (VKTXUSDT), StablecoinX (USDEXUSDT), Breakwave Tanker Shipping ETF (BWETUSDT), and MP Materials (MPUSDT), with up to 25x leverage. During the launch period, limited-time fee promotions are available: 0% maker fee and 50% off taker fee.

Odaily News: According to an official announcement, South Korean crypto exchange Bithumb will list the XDP token on the Korean won market, with trading expected to open at 21:00 local time.

Odaily News: Bitget has launched a dual CandyBomb campaign, running from October 9 at 18:00 to October 19 at 18:00 (UTC+8). Details are as follows:

Exclusive for new futures users: Complete designated net deposit and futures trading tasks to share a prize pool of 0.2 BTC, with a maximum of 0.002 BTC per person;

Exclusive for new TradFi futures users: Trade designated contracts such as SanDisk and Micron to share a prize pool of 8 rSNDK, with a maximum of 0.08 rSNDK per person.

Odaily News: Barclays initiates coverage on SpaceX (SPCX.O) with an Overweight rating; price target $254. (Jinshi)

Odaily News: According to Odaily Meme Express monitoring, the market cap of CRH on Robinhood has surpassed $3.08 million.

It is reported that CRH is a PC-building game token on the Robinhood chain: players purchase land plots and computer components on a pixel island, assemble and upgrade their own computers, and participate in mining; the game page is already live, and the project is also described as using the token for in-game consumption, reward pools, and player progression. CRH is packaged as an on-chain business loop centered around "building your dream PC," where players can build, upgrade, and customize their own computers, competing and using tokens within the game.

"Meme Express" is an exclusive AI model by Odaily that screens potential community-hyped targets. The content is compiled based on public information and does not constitute investment advice. Please conduct your own due diligence and be aware of the high volatility risks of meme coins.

Odaily News: SK Group Chairman Chey Tae-won said on Friday that chipmaker SK Hynix is planning to build a new semiconductor industry cluster in Gwangju, South Korea, as soon as possible, betting on strong demand growth, but did not disclose a specific start date. Chey Tae-won stated that the company has moved up the construction schedule of the Yongin semiconductor park by 12 years, and may need to advance multiple projects simultaneously if necessary.

According to Lookonchain monitoring, AguilaTrades (@AguilaTrades, address 0x1f25...F925) was liquidated 10 minutes ago. AguilaTrades lost $331,000 on a Bitcoin long, then flipped to short and was liquidated.

Odaily reports that Binance Alpha Box is now live, adopting the new Alpha Box mechanism, with the airdrop pool including Yei Finance's CLO and Bitlayer's BTR. Users holding no less than 245 Binance Alpha points can claim airdrops on the Alpha event page, randomly receiving 467, 583, or 1,666 CLO, or 560, 700, or 2,000 BTR. Rewards are first-come, first-served; if rewards are not fully distributed, the points threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop requires consuming 15 Alpha points and must be confirmed on the event page within 24 hours; otherwise, it will be considered automatically forfeited.

According to official sources, Gate WCTC S9 Global Trading Competition officially opened registration on October 9 at 16:00 and will remain open until October 26 at 16:00 (UTC+8). The competition officially begins on October 26 at 16:00 and runs until November 25 at 16:00 (UTC+8). With the theme "Cross Asset Boundaries, Reach the Pinnacle of Trading," this edition features a super prize pool of up to 6,000,000 USDT that unlocks dynamically based on the number of active traders, covering multiple trading products including spot, ETF, flash swap, stocks, futures, and TradFi.

Among the offerings, the team competition features a prize pool of up to 3,200,000 USDT, divided into two halves, with rankings based on platform-wide trading volume, CFD trading volume, and profitability. The individual competition prize pool reaches up to 400,000 USDT. The event also introduces a BTC/USDT event contract PK, where users can participate in consecutive 5-minute up/down markets through random matching and accumulate points based on the number of wins.

In addition, the WCTC Lucky Launchpad features a 725,000 USDT prize pool. Users who enter the event page for the first time will receive a free launch opportunity and have the chance to win USDT cash, futures position trial vouchers, fee rebate vouchers, random-amount tokens, random-amount stock rewards, and WCTC custom merchandise and other gifts. Around the main themed competition, Gate has set up the WCTC Global Trading Carnival, offering a 1,000,000 USDT prize pool for side activities. The competition also includes a fixed bonus of 275,000 USDT, covering new user participation, team formation, priority team creation, and livestream interaction segments, while integrating with multiple Gate business lines. Through WCTC's concentrated coordination of multi-asset products and global user scenarios, Gate has deepened cross-market and cross-asset business synergies, continuously improving its global multi-asset trading ecosystem.

Odaily News: Recently, Chris Kuiper, Vice President of Research at Fidelity Digital Assets, stated: "The bear market may not be over yet." He believes that the rebound since August could be either the starting point of a new upward leg or merely a bounce within a bear market, and that "price upside does not guarantee the end of the bear market." Based on the four-year cycle framework, November is a key window to watch (the bottom of the previous bear market was in November 2022), but he also emphasized that historical cycles never repeat precisely, and BTC may decline again and set a new low in November or later.

A relatively positive signal is that from June to mid-August, digital asset volatility remained low before rapidly expanding, a pattern similar to the late stages of previous bear markets, which may mean that selling pressure is nearing exhaustion. During the same period, stablecoin transfers, RWA, and institutional participation continued to grow.

Odaily News: Upbit has added KAIA Korean Won, Bitcoin, and USDT trading pairs.

According to DefiLlama data, among global centralized exchanges, the top three platforms by 24-hour open interest are: Binance ($33.225 billion), Bybit ($13.986 billion), and Gate ($13.247 billion).

Odaily News: According to MSX.COM data, U.S. pre-market memory concept stocks broadly rose, with SK Hynix (SKHY.O), SanDisk (SNDK.O), and Micron Technology (MU.O) up over 2%.

Odaily Report: According to MSX.COM data, Lumentum, a leading US optical communications company, rose 4% in pre-market trading after its CEO said optical component capacity has been "sold out" through early 2029. Boosted by this, Coherent gained over 3%, while Corning, Ciena, and Credo rose more than 2%, and Marvell Technology climbed nearly 2%.