According to MSX.COM data, at the U.S. stock market open, the Dow Jones Industrial Average rose 0.32%, the S&P 500 Index rose 0.56%, the Nasdaq rose 0.71%, and the VIX fear index fell 1.42%. AI-related stocks rose broadly, with Astera Labs up 5.67%, AMD up 2.83%, Dell up 2.31%, CrowdStrike up 2.24%, and Marvell up 2.11%.

It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular U.S. stocks and ETF token assets such as Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Odaily News: According to the latest data from Gate, the price of gold rose to $4,164.22 per ounce, up 0.53% intraday. The price of silver rose to $61.288 per ounce, up 0.74% intraday.

In forex, the US dollar fell 0.03% intraday against the offshore Chinese yuan (USD/CNH), with the current exchange rate at 6.70159. The US dollar rose 0.06% intraday against the Japanese yen (USD/JPY), with the current exchange rate at 157.974.

In global stock indices, the Euro Stoxx 50 Index (EUSTX50) rose 0.06% intraday to 6,265.6 points; the UK FTSE 100 Index (UK100) rose 0.03% intraday to 10,516 points; the German DAX 40 Index (GER40) rose 0.16% intraday to 25,359.5 points.

In commodities, WTI crude oil fell 1.5% intraday to $90.16 per barrel. Brent crude oil fell 2.2% intraday to $101.64 per barrel.

Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFDs), major indices, and commodities, achieving deep integration of crypto assets and traditional financial assets. Gate TradFi-related features have been fully integrated into the Gate App and Web platforms, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the diversified asset allocation experience.

Odaily News: Global Dollar (USDG), issued by stablecoin issuer Paxos, will launch in the DeFi ecosystem of Ethereum Layer 2 network Arbitrum, covering Morpho, GMX, Fluid, and Maple, with Kraken providing fiat on-ramp and off-ramp services.

Arbitrum aims to capture a portion of the economic benefits generated by stablecoins on its network. The network currently holds about $3.8 billion in stablecoins, of which about 60% is USDC issued by stablecoin issuer Circle.

Stablecoin alliances are growing. OpenUSD has gained support from Mastercard, Visa, Stripe, Coinbase, and Shopify, while Qivalis has secured backing from 37 European banks. (CoinDesk)

According to Bitcoin News on X, the U.S. Securities and Exchange Commission (SEC) has proposed updating digital asset custody rules to allow investment advisers to self-custody when no qualified custodian is willing to custody specific assets, provided they meet requirements such as written assessment, multi-party authorization for transfers, wallet segregation, and security reviews. The proposal also seeks to allow qualifying state-chartered trust companies to serve as qualified custodians for digital assets such as Bitcoin. The proposal does not yet specify approval of any particular digital asset for investment adviser custody; if ultimately passed, Bitcoin could benefit due to its relatively mature existing institutional custody infrastructure.

Odaily News: OKX Star posted that it is a great honor to have Circle, Ripple, QRT, and SC Ventures become investors in OKX. OKX did not raise funds because it lacked capital, but rather chose to bring in strategic partners who share a common long-term vision, working together on stablecoins, payments, institutional markets, and the development of next-generation financial infrastructure. Thirteen years have passed, and we are still in the early stages, with many more goals to achieve in the future.

Odaily News: US ADP employment weekly change for the week ending September 19 was 23,750, compared with the previous value of 20,000. (Jinshi)

Odaily reports that according to OKX market data, OKB briefly broke through 140 USDT, now trading at 140.19 USDT, up 10.39% in 24H.

Earlier news: OKX has completed a new round of financing, reaching a valuation of $25 billion. This financing attracted participation from institutional investors including Standard Chartered and Circle.

Odaily News: According to Bloomberg, cryptocurrency exchange OKX has completed a funding round at a $25 billion valuation, with Standard Chartered and Circle participating in this funding round.

Odaily News: A whale redeemed 3,659 ETH ($9.93 million) that had been staked for a year from Ethereum staking, and transferred 5,513 ETH ($14.97 million) to the exchange Kraken 10 minutes ago.

1. Multicoin Capital: HYPE remains its largest holding;

2. Strategy's market cap surpasses YouTube competitor Rumble, Strive has surpassed over 140 listed companies in the past month;

3. Pump.fun holds $2.8 billion in on-chain assets, of which $2.19 billion is in PUMP tokens;

4. Citi raises AMD (AMD.O) price target from $575 to $800;

5. Hong Kong government reiterates commitment to submit crypto asset licensing bill amendment by end of 2026;

6. Fortitude secures priority allocation of Bitmain's next-generation Zcash miners, procurement scale could reach $100 million;

7. Analyst: Bitcoin breaks through key cost line, majority of market funds enter profitable range;

8. Cathie Wood: Investors should watch AI Agent capital flows, machine payments may become the next indicator of AI adoption.

Odaily News: BIT has announced the appointment of Jack Derong as its new Group Chief Marketing Officer (CMO). He previously served as CMO of OSL Group and Head of Global Marketing at Futu, and will be responsible for driving BIT's global marketing strategy and market expansion, further enhancing brand influence and market position.

Odaily reports that Soneium has announced it is advancing IP standardization and plans to support the on-chain IP asset and licensing registry standard ERC-8432. The standard, published on Ethereum Magicians on September 28, aims to provide a universal interface for AI agents to interact with tokenized IP, enabling rights holders to register tokenized IP and attach licensing terms, based on which AI agents can verify authorization and acquire licenses in a single transaction.

Odaily: Wells Fargo raised its price target on Meta Platforms from $796 to $1,000, and on Alphabet from $411 to $417.

Odaily reports: Vitalik Buterin shared Nethermind's development progress and stated that Nethermind is continuously improving Ethereum's efficiency and operating speed. Nethermind core developer Ben Adams said that its Beacon Chain plugin has completed syncing and is ready for the Glamsterdam fork on Sepolia; running Ethereum's execution layer and consensus layer as a single application appears to introduce no significant additional memory overhead. The Ethereum Foundation previously confirmed that Glamsterdam will activate on Sepolia on October 6, and Nethermind 2.1.0 already supports this upgrade.

Odaily News: According to official sources, Gate CMO Kyle Chiu attended the CoinFerenceX closing roundtable on October 6, participating in a discussion themed "The Next Cycle: Bold Predictions for 2027." Kyle Chiu shared the stage with industry figures to exchange views on key trends of the next market cycle and the direction of the digital asset industry as it moves toward 2027.

As the digital asset industry accelerates its connection with equities, payments, and other financial scenarios, the boundaries of platform services continue to expand. Product integration capabilities and global service capabilities will also become important directions for the industry's next stage of development. During the discussion, Kyle Chiu drew on Gate's practices in digital asset trading, multi-asset services, payments, and global market expansion to share his observations on shifting user demands, industry growth drivers, and the evolution of integrated financial services. He stated: "By 2027, the category of 'crypto exchange' will no longer exist—there will only be exchanges." In his view, this is a true reflection of the accelerating dissolution of industry boundaries.

This edition of CoinFerenceX brought together global industry founders and investors to exchange views on market cycles, artificial intelligence, and other topics. Kyle Chiu's participation in the closing roundtable presented Gate's thinking on the new round of market changes, as well as the platform's long-term positioning in digital assets and diversified financial services.

Odaily reports: 26-year-old crypto figure Adam Iza has been sentenced to 78 months in prison and ordered to pay $23.4028 million in restitution for hiring off-duty Los Angeles County Sheriff's Department deputies to harass disputing rivals, defrauding Meta of more than $37 million, and concealing the proceeds through cryptocurrency custodians.

Adam Iza had previously been sentenced to 15 years in prison for attempted Bitcoin robbery. This 78-month sentence will run concurrently with that judgment, meaning his actual time served will not increase. Five former Los Angeles County Sheriff's Department deputies were convicted for their involvement in related activities.

Between December 2020 and 2022, Adam Iza obtained Meta business management accounts and associated credit lines and resold them to advertising companies, causing Meta clients to be charged for ads they had not purchased. He obtained at least $36.3608 million in revenue through company accounts, causing $13.2862 million in losses to the IRS, while also concealing ownership of Zort and transferring company revenue to cryptocurrency custodians. (Decrypt)