According to an official announcement, Binance will distribute dividends for Marvell Technology (MRVL) and Oracle Corporation (ORCL) via bStocks to users holding MRVLB and ORCLB balances. After deducting applicable withholding taxes, fees, costs, and other expenses, the net cash dividend will be reinvested as additional units or fractional shares of the same underlying securities. Eligible users will receive dividends in the form of MRVLB and ORCLB stock tokens. Users holding MRVLB and ORCLB balances on-chain will receive bStocks dividends through a multiplier adjustment mechanism.
Odaily News: Polymarket has filed a lawsuit in a Dutch court seeking to overturn a ban imposed by the Dutch gambling regulator on its prediction market. The company argues that its event contracts are derivatives and should be regulated by the Dutch Authority for the Financial Markets (AFM), rather than the Dutch Gaming Authority (KSA).
On January 20, the KSA ordered Polymarket to cease providing services to Dutch users within four weeks or face weekly fines of €420,000, up to a maximum of €840,000. The KSA stated that inspectors had registered an account through a Dutch IP address, topped up €10 using a Dutch bank account, and purchased $1 worth of "Yes" shares in the "Next Dutch Prime Minister" market.
Polymarket said it implemented IP blocking on February 18, but the KSA determined that the measure came one day after the deadline and decided to impose a €420,000 fine. On June 23, the KSA dismissed Polymarket's objection, noting that Dutch law prohibits betting on non-sporting events and that licensed operators are also not permitted to accept cryptocurrency payments. (Bitcoin.com News)
Odaily News: The Ethereum development team completed an emergency software update ahead of the Glamsterdam upgrade test on the Sepolia testnet, fixing an issue that could cause some validators to produce low-capacity blocks. This test will raise the Sepolia network's gas limit from approximately 60 million to 200 million to validate Ethereum's future plans for improving network throughput. Ethereum validator client Prysm released version 7.2.1 on Monday evening. The previous version was released before the relevant Sepolia parameter adjustments, meaning validators who did not manually modify their settings would still operate under the 60 million gas limit; this update will ensure validating nodes participate in the Glamsterdam test as expected.
Odaily News: The Ethereum development team has completed an emergency software update ahead of the Glamsterdam upgrade testing on the Sepolia testnet, fixing an issue that could cause some validators to produce low-capacity blocks. This test will raise the Sepolia network's Gas limit from approximately 60 million to 200 million, validating Ethereum's future efforts to enhance network processing capacity.
Glamsterdam is Ethereum's next major upgrade, and Sepolia, as a testnet, will be the first to deploy the related improvements to simulate the upgrade's effects. Gas is the unit that measures the computational capacity a block can handle on Ethereum. Raising the Gas limit means a single block can accommodate more transactions and more complex on-chain operations, but it also increases the computational burden on node operators.
Ethereum validator client Prysm released version 7.2.1 on Monday evening, adding the 200 million Gas limit configuration. The previous version was released before the relevant Sepolia parameter adjustments, so if validators did not manually modify their settings, they would still operate under the 60 million Gas limit. This update ensures that validating nodes can participate in the Glamsterdam test as expected. (CoinDesk)
Odaily News: Bitcoin is facing selling pressure, marking its third rejection near $87,000 since September 23. FxPro analyst Alex Kuptsikevich noted that since early last week, BTC has formed a pattern of "rising local lows," but bulls have yet to gain sufficient upward momentum. The price is now approaching the apex of a triangle formed by horizontal resistance and an ascending support line. A breakout from this pattern could bring greater volatility to the market.
The total crypto market capitalization has fallen back to approximately $2.93 trillion. Meanwhile, U.S. equities have shown relative strength, with the Nasdaq 100 hitting a record closing high and the S&P 500 less than 0.5% away from its all-time high. However, U.S. Treasury yields continue to climb, with the 10-year yield rising to 5.32%, near its highest level since 2002.
Market observers believe that for BTC to break through $87,000, sufficient buying pressure is needed to absorb the persistent selling near that level. Once it holds above this threshold, it could open further upside toward its near 8-month high. (CoinDesk)
Odaily News: According to SoSoValue data, Ethereum spot ETFs recorded a total net inflow of $111 million yesterday (October 5, US Eastern Time).
The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of $130 million. ETHA's total historical net inflow has now reached $13.40 billion. Notably, ETHA implemented a 1:3 reverse stock split on October 6, meaning every 3 shares were consolidated into 1 share, with the share price adjusted to 3 times the original accordingly, while the total market value of holdings remained unchanged.
The Ethereum spot ETF with the highest single-day net outflow yesterday was Fidelity's ETF FETH, with a single-day net outflow of $18.8819 million. FETH's total historical net inflow has now reached $2.328 billion.
As of press time, the total net asset value of Ethereum spot ETFs stands at $17.69 billion, with the ETF net asset ratio (market value as a proportion of Ethereum's total market value) reaching 5.34%, and cumulative historical net inflows totaling $13.913 billion.
Odaily News: According to SoSoValue data, yesterday (October 5, US Eastern Time), Bitcoin spot ETFs saw a total net outflow of $89.8978 million.
The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $69.8530 million. IBIT's historical total net inflow has now reached $65.802 billion.
The Bitcoin spot ETF with the largest single-day net outflow yesterday was Ark Invest and 21Shares' ETF ARKB, with a single-day net outflow of $85.2054 million. ARKB's historical total net inflow has now reached $1.316 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is $110.773 billion, the ETF net asset ratio (market value as a proportion of Bitcoin's total market value) has reached 6.43%, and cumulative historical net inflows have reached $57.698 billion.
Odaily News: Roman Storm posted on X platform stating that the U.S. Treasury Department recently acknowledged in a document that there were problems with previous rules targeting mixers, and noted that the policy may have a "chilling effect" on legitimate activities. Storm stated that although the relevant department of the U.S. Treasury Department now believes the policy has issues, the U.S. Department of Justice in his case still insists that even legitimate transactions conducted through Tornado Cash constitute illegal acts because they could be used for money laundering, sanctions evasion, and other criminal purposes. Storm said that the non-criminal division of the U.S. government believes the policy is improper, while the criminal justice division believes all related transactions constitute crimes; he has been detained and prosecuted for over 1,139 days, and claims his case stems from developing open-source code. Storm also stated that the Southern District of New York (SDNY) federal court submitted a new document today, and the U.S. Department of Justice is still pushing for his conviction.
Odaily reports, according to Arkham monitoring, LayerZero has once again purchased over 162,000 ZRO tokens, worth approximately $347,000, bringing its cumulative buyback total to 2.538 million tokens, valued at approximately $5.4 million.
Meanwhile, the ZRO price has risen above $2.13 and is approaching the $3 resistance level. LayerZero co-founder Bryan Pellegrino has previously expressed optimism about ZRO's long-term development on multiple occasions, and this buyback has further sparked community attention.
Odaily reports that Canary Capital has stated its proposed staking Injective ETF is "coming soon," with the ticker INJC. The product will provide staking yield-related exposure around the INJ token.
Meanwhile, the Injective Foundation announced the launch of the Trench Treasury program, aimed at supporting ecosystem projects built on INJ and rewarding community members. The program will further drive the development of the Injective ecosystem. (The Block)
Odaily News - At the OKX NOW Global Product and Ecosystem Conference held in Singapore, OKX VP of Product and Trading Thomas demonstrated how OKX is connecting crypto assets with traditional financial markets through a unified trading experience, enabling users to participate in round-the-clock trading of stocks, commodities, and other assets using familiar trading methods.
He introduced that OKX has launched TradFi perpetual contracts, Pre-IPO perpetual contracts, and unified tokenized stock trading products, and plans to launch traditional financial asset options in the coming months, as well as issue its own tokenized stock product X-RWA, allowing users to directly trade stocks from stock exchanges and share liquidity. At the same time, OKX will continue to improve liquidity and trading infrastructure, reducing trading complexity and enhancing capital efficiency through unified trading units and collateral systems.
Odaily reports that Virtuals Protocol announced on X that the Virtuals App has entered its closed beta phase. The app features personal AI, a built-in wallet, and marketplace integration, allowing users to discuss investment ideas, research targets, and execute trades in group chats. Currently, the Virtuals App is limited to an iOS closed beta and requires an invite code to use.
Odaily reports that cryptocurrency exchange OKX has announced the launch of OKX Money, a stablecoin savings and payment app, now available in parts of Latin America, Africa, South Asia, and the Middle East, offering up to 10% annualized yield on eligible USDG balances.
Users can fund their accounts with over 50 supported currencies, with funds converted into USD-backed stablecoins, and can hold, send, and spend USDG, USDC, or USDT. The app supports both virtual and physical cards, and eligible USDG balances can earn yield without staking or lock-up requirements.
OKX stated that the app will roll out gradually in accordance with regional requirements, with specific legal entities and regulatory frameworks varying by jurisdiction, and the initial launch markets have not yet been disclosed. Yields and eligibility conditions vary by region and user, and users can unlock higher yield tiers by meeting a 30-day average deposit threshold, reaching a 30-day spending amount, or upgrading their exchange VIP level. (Cointelegraph)
Odaily reports: Stablecoin payment infrastructure provider Rain has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank in New York. Once approved, the bank will be able to provide institutional clients with digital asset and USD fiduciary custody, as well as stablecoin reserve management services.
Rain stated that Rain National Trust Bank may also issue and redeem USD-backed stablecoins in accordance with the GENIUS Act. Former Square Financial Services Chief Financial Officer Brandon Soto will serve as President and CEO of the proposed bank, subject to OCC review.
The Independent Community Bankers of America (ICBA) sued the OCC on Friday, alleging that it allowed non-depository trust banks to conduct a wide range of non-fiduciary activities, exceeding its regulatory authority. The ICBA is asking the court to overturn the OCC's chartering rule introduced in March 2026 and Interpretive Letter 1176 from 2021, and to block the approval of more licenses based on those documents.
The Crypto Council for Innovation said the lawsuit is intended to restrict innovation. The ICBA complaint states that the OCC has approved or conditionally approved at least 21 trust banks, of which at least 13 are cryptocurrency companies. (Cointelegraph)
Odaily reports that Google Cloud has officially disclosed that its Blockchain Node Engine and Blockchain RPC services are scheduled to terminate operations on December 15, 2026, and is reminding customers to complete migration arrangements as soon as possible. To this end, Google Cloud has partnered with blockchain infrastructure provider Quicknode, designating it as the officially recommended RPC infrastructure successor. Customers can redeploy nodes and RPC endpoints through Google Cloud Marketplace or the Quicknode platform, and must complete application configuration adjustments and workload validation before the services officially shut down; at that time, Google will automatically deprovision existing Blockchain RPC endpoints on December 15.
PPP Prediction Market Tool monitoring shows that on Polymarket, the probability of "BTC will hit $90,000 in the remaining period of October" has dropped to 56%, down 10% in 24 hours. In addition, the probability of hitting $87,500 has dropped to 77%, also down 10% in 24 hours.
According to the settlement rules, this market is based on the Binance BTC/USDT trading pair. Within the specified month in the title (from 00:00 Eastern Time on the 1st of the month to 23:59 on the last day), if the high price of any 1-minute candlestick equals or exceeds the price specified in the title, it will immediately settle as Yes; otherwise, it will be No. This market is solely based on the 1-minute candlestick High price of Binance BTC/USDT; prices from other exchanges, trading pairs, or spot markets are not taken into account.
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