Odaily reports that according to on-chain analyst Ai Yi's monitoring, an address bought 1,470.94 ETH at $2,582 three hours ago, spending 3.803 million USDC.

Odaily News: Vest Labs has announced the completion of a $13 million seed round led by Portal Ventures, with participation from executives of Citadel Securities, BlackRock, and KKR investing in their personal capacities. The company did not disclose its post-funding valuation. Vest Labs primarily provides eligible traders with the ability to trade perpetual contracts around the clock in real markets using the company's capital, with traders allowed to keep up to 80% of profits. The funding will be used to develop a mobile app, expand the current 22-person team, and increase the variety of assets available for round-the-clock trading. As of late September, approximately 26% of the platform's roughly 27,000 traders had received cash payouts, with monthly active traders and trading volume both growing over 300% month-over-month.

According to on-chain analyst Ai Yi's monitoring, an address withdrew 3,583.2 ETH from Binance over the past 2 hours, worth $9.27 million, with an average withdrawal price of $2,587.32, and transferred all tokens to a new address through two intermediary transfers.

Odaily News: Cryptocurrency trading firm GSR has committed $100 million, primarily through credit lines, to fund its new business Hare. Hare will partner with liquidity platform Turtle to create and manage on-chain vaults.

Hare will initially launch vaults powered by lending protocol Aave, allowing investors to earn yields through major USD stablecoins and Paxos' tokenized gold product, with GSR providing anchored liquidity. (CoinDesk)

Odaily News: Shayne Coplan, CEO of prediction market platform Polymarket, stated that chasing tokens that could appreciate 100x amounts to "irrational exuberance" and a game of "greater fool theory." Some traders attempt to sell before token prices go to zero, though a few may accumulate wealth in the process.

Coplan pointed out that Polymarket users prefer to participate in event trading with relatively predictable odds, rather than searching for the next 100x token. Polymarket's prediction trading volume over the past 7 days reached $1.21 billion, while Kalshi's was $2.3 billion during the same period.

Multiple U.S. states have taken legal action against Polymarket, Kalshi, or both regarding sports event contracts, and several countries and regions have also restricted or blocked access to Polymarket. (Cointelegraph)

Odaily reports, according to Gate data, gold (XAUUSD) has fallen to $4,100/oz, currently trading at $4,097.88/oz, down 1.9% in 24 hours.

Odaily News: Genius Group announced the resumption of its Bitcoin treasury purchases, acquiring 10 BTC for approximately $854,000 between October 2 and 5, at an average purchase price of $85,364. Previously, the U.S. Court of Appeals for the Second Circuit lifted a preliminary injunction on August 31 that had blocked the company from issuing shares, raising capital, and purchasing Bitcoin.

This purchase is the next step in Genius Group's execution of its $1.2 billion dual-treasury capital plan. The plan, announced on August 27, aims to allocate $827 million in Bitcoin and $800 million in AI assets by fiscal year 2031, bringing total assets to $2 billion. The company plans to continue accumulating Bitcoin and increasing its AI stock holdings, intending to fund dual-treasury purchases through operating cash flow, perpetual preferred securities offering programs, and ATM stock issuance mechanisms. Currently, the company has no plans to purchase assets through debt financing or to pledge its Bitcoin and AI stock holdings. CEO Roger James Hamilton stated that while this purchase was limited in scale, it marks the company's resumption of its Bitcoin accumulation strategy.

Odaily News: On October 7, digital asset company Tether signed a memorandum of understanding with the National Bank of Kazakhstan (NBK) and the Alatau City Authority (ACA). The three parties will explore stablecoin development, asset tokenization, and decentralized finance-related applications.

The three parties will jointly study international models for stablecoin issuance and potential application scenarios, and develop a stablecoin concept and pilot program pegged to Kazakhstan's national currency, the tenge, while also building the related infrastructure to support digital financial development.

The agreement also covers the establishment of an asset tokenization framework in Kazakhstan, including assessing the possibility of using Tether's tokenization platform Hadron, designing tokenization models within the jurisdiction of Alatau City, determining priority asset categories, and launching pilot projects.

Tether CEO Paolo Ardoino stated that Kazakhstan is exploring asset tokenization and a strategic reserve framework; Binur Zhalenov, Deputy Governor of the National Bank of Kazakhstan, stated that financial stability, transaction transparency, and investor protection are top priorities. (Tether News)

Odaily reports that Noah has announced the completion of a $38 million seed funding round, with participation from Endeit Capital, FJ Labs, LocalGlobe, Felix Capital, and several angel investors. The project's main business is providing stablecoin-based cross-border payment services for enterprises and individuals. The new funds will be used to expand its international remittance business, broaden its regulatory footprint, and more.

Odaily reports: Crypto wallet provider Tangem has announced the launch of its first physical Visa card, supporting in-store and online purchases as well as ATM withdrawals, with an initial limited release of 5,000 cards. Users can top up the card directly from their self-custodial wallet, and if the card is suspended or closed, funds can be transferred back to the wallet.

More than 40% of Tangem Pay payments come from Latin America, and over 30% from the United States. Tangem stated that the physical card currently cannot be shipped to approximately 20 countries and regions, including China, Russia, North Korea, and Palestine, with these restrictions affected by KYC, sanctions, banking rules, and card issuance compliance requirements.

Tangem Pay will also offer USDC cashback on eligible purchases, with 1% cashback for Basic users and 2% for Plus users. Tangem plans to showcase the first batch of physical cards during Token2049 in Singapore. (Cointelegraph)

1. Two wallets suspected to belong to the same whale or institution withdrew 110 million Lobster tokens, accounting for 11% of the total supply;

2. The U.S. Department of Justice cited the Bitcoin Fog precedent to oppose Roman Storm's motion for acquittal;

3. Russia registered its first batch of cryptocurrency exchanges and custodians, with Sberbank planning to launch products on December 1;

4. A U.S. Senate investigation points to USDT as a key liquidity channel for Iran's shadow banking system, with Gulf VASPs facing higher sanctions risk;

5. After Abstract's shutdown announcement, a newly created address withdrew $1 million to buy 25 Pudgy Penguins NFTs;

6. Polygon's official X account allegedly posted a mocking tweet about Abstract's shutdown, sparking controversy: the founder clarified it was a self-deprecating joke by the marketing team.

Odaily: Illia Polosukhin stated that as on-chain tools expand, users no longer need centralized exchanges for many crypto activities. near.com integrates cross-chain spot trading, tokenized stocks, yield products, and perpetual contracts into a single interface, and plans to add more fiat-related features, including bank withdrawals, tax transaction records, and selective disclosure for confidential transactions. NEAR has partnered with Monerium to support users in converting between euros in bank accounts and EURe via IBAN, with the ultimate goal of enabling NEAR Intents to support "any asset to any asset" swaps. After integrating Ondo Finance in September, near.com already offers tokenized stocks and plans to add stocks from more global markets; NEAR's Agent Market allows users to describe their needs in natural language, with the platform finding agents capable of executing the task, and funds will be released after the task is completed and verified.

Odaily reports that Bitcoin fell below $84,000, triggering liquidations of long bets worth $550 million. (CoinDesk)

Odaily reports: Multi-chain DEX Jumper has announced the JUMP token sale allocation plan. The sale received approximately $48.614 million in subscription commitments from 9,690 participants, exceeding the original $2 million target by 24 times, with a final accepted amount of $3 million.

In the final allocation, $1.64 million, approximately 55% of the total sale, was allocated to community wallets, with weighting primarily determined by Jumper Loyalty Pass (JLP) tier and ranking, giving higher priority to long-term, deeply engaged users.

The second-largest allocation category is strategic contributors, including angel investors, developers, traders, and content creators; an additional 5% was allocated to Republic participants. The waitlist category covers the top 500 participants, with rankings determined by a combination of Legion Score and referrals, with greater emphasis on Legion Score.

Existing Jumper users can improve their priority through waitlist ranking, but different weightings do not stack—only the highest qualifying tier applies.

Odaily reports: Europol released two reports on Wednesday, urging organizations, policymakers, and the cryptocurrency industry to immediately prepare for the threat of quantum computing. Its European Cybercrime Centre noted that cryptocurrency wallet keys are the primary exposure point for quantum attacks, while the hash functions used to secure blockchains currently remain largely quantum-resistant.

The reports state that a sufficiently capable quantum computer could derive private keys from exposed public keys, enabling attackers to transfer assets without authorization. Wallets whose public keys have already been exposed on-chain cannot be protected retroactively; holders need to migrate their assets to new wallets before an attack occurs.

Glassnode estimated in May that 6.04 million BTC, representing 30.2% of the issued supply, have exposed public keys. The reports note that NIST-standardized post-quantum signatures are 10 to 120 times larger than the ECDSA signatures currently used by Bitcoin, and migrating all Bitcoin unspent transaction outputs would require at least 76 cumulative days of downtime.

A second report published by Europol points out that commonly used protocols such as TLS, SSH, and OpenPGP face "harvest now, decrypt later" risks, but there is currently no clear evidence that this approach has been exploited at scale. The report argues that for payments, immediate interception within the brief window before transaction confirmation poses a more direct quantum risk than post-hoc decryption. (Decrypt)

Odaily News — On October 7, Gate founder and CEO Dr. Han delivered a keynote speech titled "One Gate, Everything Money" on the main stage at TOKEN2049 in Singapore, and announced the launch of Gate Money, a one-stop platform that brings together fiat currency, digital assets, stocks, payments, and asset management services. Currently, users can activate the feature with one click by updating the Gate App to version v8.39.0.

In his speech, Dr. Han pointed out that people hold and use money every day, but traditional financial services often scatter asset management, payments, and different types of assets across separate accounts and service systems. Gate Money aims to break down the boundaries between assets and payments, enabling users to manage their assets within the same account system and, when needed, directly use assets including stocks for everyday spending without having to sell them in advance — thereby achieving "let assets grow continuously, let value flow freely."

The launch of Gate Money further changes the traditional path in which the "holding, growth, and use" of assets are separated from one another, establishing a more direct connection between asset management and everyday funding needs. In the future, Gate will continue to expand its products and services, broaden the functional boundaries of assets, unlock greater value across scenarios such as holding, growth, liquidity, and payments, and further expand the application space of financial assets.