Odaily News: Digital asset project World Liberty Financial (WLFI) stated during a stablecoin panel discussion at Token2049 in Singapore that it plans to push USD1 onto major online enterprises. Mesh co-founder and CEO Bam Azizi, a payment infrastructure provider, announced a partnership with WLFI, allowing USD1 holders to use the stablecoin through its merchant network, with plans to go live this quarter.

WLFI is backed by the family of U.S. President Donald Trump. Its issued USD1 is issued by BitGo, with reserves including cash, U.S. government money market funds, and other cash equivalents, aimed at maintaining a value of 1 U.S. dollar. USD1 has a market capitalization of approximately $4.45 billion.

The U.S. Office of the Comptroller of the Currency (OCC) conditionally approved WLFI in August to establish a national trust bank for issuing dollar-backed stablecoins and custodying digital assets. WLFI CEO Zach Witkoff stated that USD1 is currently issued through BitGo, and after obtaining the trust bank charter, WLFI will assume issuance responsibility itself. (Cointelegraph)

Odaily News — Jeff Yan, co-founder and CEO of decentralized exchange Hyperliquid, said at Token2049 Singapore that Wall Street's traditional wealth creation model is unsustainable for most participants. Assets such as company stocks are often only opened to the public after listing, causing retail investors to miss the main growth gains before listing.

Jeff Yan stated that Hyperliquid's primary goal is to expand wealth creation opportunities and participation in the financial system, and that revenue is merely a byproduct of delivering user value, not an optimization target. Its perpetual contracts have no expiration date, which can reduce the number of decisions traders need to make and avoid liquidity fragmentation.

Hyperliquid generated $72 million in revenue over the past 30 days, ranking third among the highest-revenue DeFi protocols. In July this year, Pantera said that onchain perpetual contracts may become a mainstream trading tool in global financial markets due to their structural advantages.

Jeffrey Sprecher, CEO of Intercontinental Exchange, the parent company of the New York Stock Exchange, previously called on regulators to create a level playing field for around-the-clock onchain perpetual contracts. In March this year, NYSE partnered with tokenization platform Securitize to develop blockchain-based stock trading infrastructure. (Cointelegraph)

Odaily News: On October 7, Gate founder and CEO Dr. Han officially announced the launch of Gate Money during a keynote speech at TOKEN2049. Centered on the core concept of "One Gate, Everything Money," Gate Money leverages Gate's established diversified financial service capabilities to build a globally integrated financial services application, connecting digital assets, fiat currencies, stocks, ETFs, gold, bank accounts, payments, and asset management services into a single account, covering scenarios including asset holding, receiving funds, transfers, payments, exchanges, and yield. Users can experience Gate Money by updating the Gate App to version v8.39.0.

Gate Money supports users in managing multiple fiat currencies and digital assets under a single account, and provides fiat and on-chain deposits, withdrawals, transfers, and other functions. Eligible users can also upgrade to obtain a bank account in their own name for receiving funds and withdrawals. Meanwhile, Gate Money supports using different types of assets in the account, including stocks, for daily payment and spending. Gate Card supports online and offline purchases using fiat currencies or digital assets, and can be linked to digital wallets such as Apple Pay and Google Pay. Convert supports asset exchanges, while Earn offers yield products, with balances in assets such as USDT able to earn up to 3.6% yield with no lock-up required.

The launch of Gate Money further connects asset management, fund circulation, and daily payment scenarios, extending Gate's financial services from digital asset trading and asset management toward more fund and consumption needs. In the future, Gate will continue to expand asset categories, payment methods, and financial service capabilities, further enriching Gate Money's products and application scenarios.

Odaily News: Sui posted on X platform that it achieved a throughput of 40,614,180 transactions per second on-site at Sui Basecamp, setting a world record, with the data independently analyzed by CertiK. AI agents completed payments, interactions, and chats in programmable tunnels, with transactions executed off-chain and settled on Sui. Sui stated it is ready to support the agent economy.

Odaily reports: Bitget, in partnership with digital asset research firm Block Scholes, has released a new research report analyzing the synergistic effects of tokenized stocks and crypto assets within a unified trading account. In the report, Block Scholes simulated a portfolio with a total size of $1 million, comprising AI and semiconductor-related tokenized stocks, BTC and ETH perpetual contracts, and Nasdaq 100 ETF perpetual contracts. Under a structure with separate accounts, margin requirements would total approximately $340,000 in capital occupation. However, within Bitget's cross-asset unified account, tokenized stocks can simultaneously count as collateral, reducing the required capital occupation to approximately $175,000 — a reduction of about 48.5%.

The report also analyzed the risk characteristics associated with higher capital efficiency. Stress tests showed that when collateral and positions are driven by the same macroeconomic factors, a simulated portfolio using tokenized stocks as collateral reached its estimated liquidation point after a roughly 21% correlated market decline; when equivalent USDT was used as collateral, it withstood a roughly 27% correlated decline. The research indicates that while improving capital efficiency, it is also necessary to comprehensively assess the correlation between collateral and positions as well as their individual volatility.

Bitget CEO Gracy Chen stated that bringing assets on-chain is only the first step; more importantly, it is about improving the efficiency of capital utilization across different markets. Bitget is advancing the UEX model to facilitate the coordinated operation of crypto assets, tokenized stocks, and other global assets within a unified capital framework. Currently, Bitget's Universal Trading Account (UTA) supports over 370 eligible collateral assets, including 125 tokenized US stocks. Eligible crypto assets and tokenized stocks can enter the same margin system, sharing collateral value and being used to meet margin requirements across different positions.

Odaily News: A report by the U.S. Senate Permanent Subcommittee on Investigations (PSI) has identified stablecoins, particularly USDT, as a key liquidity channel supporting Iran's shadow banking system. Licensed Virtual Asset Service Providers (VASPs) in the Gulf Cooperation Council (GCC) region face heightened sanctions compliance pressure and need to strengthen wallet attribution identification and counterparty assessment.

Soham Jethani, a partner at law firm Septten, stated that merchants settling crypto assets into local fiat currency does not mean they can circumvent sanctions risk. Liability may arise from providing designated persons, funds, or economic resources, as well as handling assets within the transaction chain, and may materialize before the bank completes final settlement.

Jethani noted that the name of a stablecoin or its denomination currency does not determine legal ownership; specific rights depend on contractual arrangements and the actual payment process. Globally circulating stablecoins may also bring secondary sanctions risk. Indirect or historical wallet associations do not automatically constitute a violation; determination requires consideration of the applicable regime, transaction participants, and specific facts.

In regulated markets such as the UAE, licensed exchange wallets are continuously monitored, and relevant funds can be frozen before consumer settlement, while merchants must also complete KYC. Regulated VASPs handling deposits and withdrawals bear responsibility for counterparty and sanctions risk assessment and corresponding controls. (Bitcoin.com News)

Odaily reports that according to Gate data, the Euro Stoxx 50 (EUSTX50) dropped to 6,200 points, currently at 6,197.14 points, with a 24-hour decline of 1.6%.

Odaily News: On October 7, TRON DeFi Summer S3 is ongoing, offering more on-chain yield options for stable asset holders. As a stablecoin in the TRON ecosystem, USDD users can access JustLend DAO through Binance Wallet DeFi to participate in the $600,000 USDD Boost reward pool. Holding just 100 USDD is enough to participate in the S3 campaign, earning base annualized yield while stacking Boost incentives, unlocking more use cases for stable assets. Users can swap USDT to USDD at a 1:1 ratio with zero slippage via PSM, and the deposited USDD can continue to serve as qualifying collateral, balancing yield and capital flexibility. Real-time APR may vary with market conditions; please refer to the campaign page for the latest rates.

Odaily News: According to an official announcement, Bitget has listed perpetual contracts for 4 stocks: USDESTOCK (StablecoinX), VKTX (Viking Therapeutics), PCVX (Vaxcyte), and XP (XP).

The above contracts are settled in USDT, support up to 20x leverage, and offer 7×24 hour trading. As of now, the Bitget platform supports a total of 337 stock contract underlying assets.

Odaily reports: Polygon's official X account today posted a "Polygon is not dead" announcement, seemingly mocking Abstract's shutdown. In response, Polygon founder Sandeep posted a statement saying that the content did not achieve the intended传播 effect, and many community users interpreted it in a completely different way. He himself was also confused when he saw the content, but it was clearly the Polygon marketing team's self-deprecation, because some people had always said that Polygon was already dead, while Polygon's fundamentals were steadily rising.

Sandeep added that the content was not intended to allude to Abstract's shutdown, and emphasized that he deeply respects Abstract founder Luca Netz and his team, and would not mock Abstract. Polygon had also terminated the zkEVM project, so he knows that pain well. He hereby clarifies the misunderstanding and would not make fun of them over this, and wishes Luca and the Pudgy Penguins team all the best.

Odaily News: According to on-chain analyst Yu Jin's monitoring, after depositing margin into 3 addresses, a certain whale/institution holds long positions worth $352 million on Hyperliquid, including 1,140 BTC and 98,100 ETH. These long positions were opened half a month ago, with an average entry price of $82,205 for the BTC long and $2,604 for the ETH long. Currently, this combined long position has generated a profit of $2.66 million.

Odaily reports: Hardware wallet company Ledger announced at TOKEN2049 in Singapore the launch of a self-custodial lending feature within its wallet app called Crypto Loan. Eligible users can use cbBTC or wBTC as collateral to borrow USDC or USDT.

Users can open and manage loans directly within Ledger Wallet, track loan-to-value ratios, add collateral, repay loans, or increase borrowing. Key operations must be confirmed via hardware on a Ledger signing device before execution.

The feature is powered by decentralized credit network Morpho, with Yield.xyz as the technology service provider. Ledger also announced that its signing devices can connect directly to Morpho without the need for browser extensions or software wallet connection protocols.

Crypto Loan has begun rolling out to eligible users, with broader coverage to follow. If the price of collateral assets drops significantly, the related collateral may be subject to forced liquidation. (Decrypt)

Odaily News: According to MSX.COM data, US pre-market AI concept stocks broadly declined, with ALAB down 1.54%, KLAC down 1.47%, ASML down 1.31%, ARM down 1.26%, and CRWV down 1.22%.

It is reported that MSX.COM is a decentralized RWA trading platform that has cumulatively listed hundreds of RWA tokens, covering US stock and ETF tokenized assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

Odaily News: According to Bitget official data, its "Ride Along Program" real-time cumulative prize pool has reached 3.49 million USDT. Previous data showed that the first two batches of the program have distributed nearly 2.8 million USDT in rewards to over 1.5 million users.

It is reported that the campaign will continue until October 26. During the campaign, Bitget will continue to allocate 30% of its platform trading fee revenue to establish an exclusive user prize pool, and eligible users can participate in the distribution without registration.

Odaily reports: Dunamu has disclosed that the completion date of its full share swap plan with NAVER Financial will be postponed from December 31, 2025 to March 31, 2027, and the related extraordinary shareholders' meeting will also be postponed from November 19, 2025 to February 26, 2027. The share swap ratio between the two parties remains unchanged, with each 1 Dunamu share to be exchanged for 2.5422618 NAVER Financial shares. Upon completion of the transaction, NAVER Financial will become the wholly owning parent company of Dunamu, and Dunamu will become its wholly owned subsidiary.

Odaily News: Russia has registered its first batch of cryptocurrency exchange operators and digital asset custodians under new regulations that took effect on September 1. The Bank of Russia has published the list of the first authorized operators, including 4 exchange operators and 5 custodians.

Sberbank, Russia's largest bank, has been included in the custodian list alongside Atomyze, Voltari, and Cloud Infrastructure. Sberbank stated that it has applied for digital asset custodian status and plans to launch its first crypto products on December 1 through the SberBank Online, SberInvestments, and SberBusiness platforms, initially supporting Bitcoin (BTC), Ether (ETH), and USDt (USDT).

T-Invest Lab, Zefir, and Sistema-Crypto were included in the exchange operator list, while VTB Bank appears on both lists. The registrations are based on a cryptocurrency bill signed by Russian President Vladimir Putin in August, which brings exchanges, custodians, brokers, and investors under the supervision of the Bank of Russia, and maintains the prohibition on using cryptocurrency to pay for goods and services. (Cointelegraph)