Odaily reports that Travala has completed this month's strategic reserve buyback and, matching the AVA Foundation's monthly buyback, added 228,600 AVA to the AVA Strategic Reserve. Travala stated that this portion of AVA will be held permanently and will not be sold or transferred. Following this increase, the AVA Strategic Reserve balance has grown to 598,500 AVA.

Odaily reports: The European Securities and Markets Authority (ESMA) has stated that EU crypto asset service providers authorized under MiCA should cease offering services involving stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) to EU clients, and should address existing related exposures no later than January 8, 2027.

The guidance covers trading platforms, exchange services, order execution, custody, transfers, investment advice, and portfolio management. ESMA requires firms to take technical, contractual, and organizational measures to prevent EU clients from gaining or increasing exposure to unauthorized stablecoins.

Regulators may allow firms to provide limited services such as liquidation, conversion, withdrawals, transfers, and safekeeping to help clients exit existing positions, but such activities must be temporary arrangements and subject to strict supervision. This update extends the relevant guidance published by ESMA in January 2025. (Cointelegraph)

Odaily News: According to official sources, the total supply and total value locked (TVL) of USDD, the decentralized stablecoin on the TRON chain, have both reached all-time highs. Among them, USDD's total supply reached $1.68 billion, and the protocol's TVL reached $2.39 billion, both setting new historical records.

The USDD official team stated that with further enhanced liquidity, continuously expanding market adoption, and rising on-chain utility, USDD is demonstrating strong growth momentum.

Odaily reports that Hyperliquid founder Jeff Yan, in an interview at DAS 2026 Asia, stated that if he were to start a business again and were no longer allowed to develop infrastructure, he might research options. He believes HIP-4 is an obvious way to build an options protocol, as it can inherit spot, order book, and portfolio margin, and use perpetual contracts to hedge options Delta.

Odaily reports: Second, a project built on Ark Protocol, disclosed that its server was exploited in an attack on Monday, resulting in the loss of 0.75 BTC of its own funds, worth approximately $62,300. The team stated that user funds were not affected and that the issue was fixed within hours.

The attacker subsequently continued attempting to withdraw more funds from the project and launched a denial-of-service attack. On Tuesday, Second said the attack may have degraded the ability of Bark-based wallets to receive Lightning Network transfers.

Second stated that the vulnerability was in the Ark server's boarding process, where an attacker could register and exit the relevant boards using only their own signature, while simultaneously spending the same batch of VTXOs in the node via the Lightning Network. The attacker also attempted to use bitcoin linked to the Blink Wallet security breach on September 19, but was unsuccessful. (Bitcoin.com News)

Odaily reports that community member ugurmersin has proposed an alternative to Proposal 613, suggesting that custody of the Ecosystem Protection and Continuity Fund (EPCF) and mainnet Chainlink SVR revenue be transferred from the Safe controlled by the Compound Foundation to a Community Multisig, adopting a 9-party 5/9 multisig mechanism. The proposal does not advocate shutting down the EPCF, but rather preserving its purpose, size, 48-month term, and emergency fund deployment capability.

As of October 8, the EPCF held 500,000 USDC and 4.5834 million USDC deposited in cUSDCv3, while mainnet Chainlink SVR revenue held 355.95 ETH. The proposal states that the original Proposal 613 had planned to shut down the EPCF and transfer the funds to the Governor Timelock, and was canceled by the Proposal Guardian on October 7.

Odaily News: Bitget held its eighth-anniversary offline event today. During a review of the platform's eight-year development journey, Xie Jiaxin, Head of Greater China, stated that Bitget has gradually expanded from a single cryptocurrency trading platform into a universal exchange (UEX) covering diverse scenarios such as equities, commodities, and AI trading. As of the second quarter, non-crypto asset trading volume accounted for 40% of the platform's total, and approximately 1 in every 4 new users began their Bitget journey through rToken.

Looking ahead to the next phase, Xie Jiaxin stated that Bitget will continue to advance its UEX strategy, expand into more diverse assets and trading scenarios, and improve institutional-grade custody and OTC settlement infrastructure, meeting the differentiated needs of various types of institutions through diversified custody and settlement models. Institutional services will also remain an important strategic direction for Bitget in the next phase.

At the event, Bitget also disclosed the progress of the third batch of rewards distribution under the "Peer Program": cumulative rewards distributed reached $3,495,658, with a total of 2,277,318 reward distributions. Xie Jiaxin stated that the platform hopes to translate "user-first" into concrete actions through product development, service upgrades, and user rewards.

Odaily reports that Eli Ben-Sasson posted on X that Starknet, which currently relies on Ethereum's underlying security as an L2, is considering multiple options, including transitioning to L1, in order to independently control the network's security migration process and address cryptographic risks that may arise from quantum computing and AI. Starknet is built on ZK-STARK, possesses cryptographic agility, and has already formulated a post-quantum security migration roadmap; Ethereum plans to achieve full L1 quantum resistance by the end of 2029, while Bitcoin has not yet made a similar commitment. Starknet is expected to complete the relevant upgrade as early as 2027.

Odaily reports that according to Lookonchain monitoring, AguilaTrades (@AguilaTrades) has been liquidated 33 times, with cumulative losses of $37.64 million, and has resumed trading after more than 6 months of inactivity. It deposited 499,000 USDC into Hyperliquid and opened a long position of 200 BTC with 40x leverage, with a notional value of $16.58 million and a liquidation price of $81,466.75.

Odaily News: Federal Reserve Governor Waller stated that if economic data meets expectations, the Fed is expected to raise rates further, but there is no need for consecutive rate hikes at back-to-back meetings, and hikes should be implemented over an acceptable timeframe.

Waller noted that U.S. inflation has remained above the Fed's target for about five and a half years, and factors such as AI infrastructure buildout and ongoing energy shocks continue to exert inflationary pressure, potentially putting inflation expectations at risk. Meanwhile, the labor market remained solid in September, and although the number of new jobs declined, there is evidence that the U.S. economy is strengthening in the second half of 2026.

Waller also said the Fed can avoid making explicit commitments to forward guidance while improving communication by signaling potential policy options to the market. (Jinshi)

Odaily reports that the IMF has noted that tokenized repo daily trading volume is approximately $300 billion to $350 billion, while other tokenized assets total around $65 billion. By comparison, the U.S. repo market has a daily average size of approximately $13 trillion, and global capital market assets amount to $300 trillion. The IMF stated that although the tokenized market is growing rapidly, it remains small in scale and highly fragmented. To achieve safe growth, legal certainty must be established, regulatory frameworks must be clarified, and interoperability must be achieved. The IMF also warned that as the market expands, it could amplify traditional financial risks such as sell-offs, liquidity runs, and contagion. Policymakers should clarify the legal rights of tokenized assets, ensure consistent regulation applies to similar activities, and continuously monitor interconnectedness, leverage, and liquidity risks.

Odaily News: In its October 8 market thematic report, QCP stated that U.S.-Iran negotiations over transit arrangements in the Strait of Hormuz have reached a deadlock. The United States has taken pressure measures including withdrawing the Iranian delegation and imposing additional sanctions, but Qatar's mediation channel remains open. Currently, the number of vessels transiting the Strait of Hormuz has dropped to 3, compared with a normal average of 26; the U.S. Strategic Petroleum Reserve has fallen 28% since May, and the price of crude oil shipping from West Africa to China has risen to $27.22 per barrel, up 319% from the year-to-date average of $7.37 per barrel, while refined product shipping flows remain behind by about 33%.

QCP said tightening tanker supply could keep future delivery costs at elevated levels. On the crypto market side, Anthropic's IPO has been delayed to mid-November, with market valuation expectations of about $2 trillion; Strategy has slowed Bitcoin purchases and prioritized STRC buybacks, crypto ETF fund flows have cooled, and progress on the U.S. Clarity Act has stalled.

Odaily News: According to monitoring by on-chain analyst Ember, rollover trader @AguilaTrades (0x1f25...f925) frequently used large positions to roll over long positions on Hyperliquid from June to August last year, losing $37.6 million within 2 months, and had not opened any positions on Hyperliquid for 14 consecutive months since then. 20 minutes ago, they withdrew 500,000 USDC from Bybit to Hyperliquid, then went long on 100 BTC worth $8.29 million, with an entry price of $82,962 and a liquidation price of $78,997.

Odaily News: Federal Reserve Governor Waller stated that more rate hikes are still needed, but he remains flexible on the pace of increases (Jinshi)

Odaily News: Deus X Capital is shutting down, and its investors and backers will transition to their own independent investment strategies. Deus X Capital previously focused on capital markets, fintech, and digital assets, engaging in private equity, venture capital, project incubation, and fund allocation, with investments in digital assets, DeFi, and other sectors.

Odaily reports: According to monitoring by on-chain analyst Aunt Ai, a certain address疑似 reduced its HYPE position by $11.77 million over 10 days, with a holding cost as low as $3.87. Since September 28, this address has cumulatively deposited 131,421 HYPE to Kraken at a deposit price of $89.56. If sold, it would realize a profit of $11.26 million, representing a return rate of 2214%.

Hyperliquid Labs announced on September 30 that it would sell 3.75 million HYPE over the counter, worth approximately $329 million, with a single institution as the buyer, and it would not be sold through the public market. The first suspected sell-off by this address occurred before the announcement, followed by two more instances yesterday and 1 hour ago, respectively.