Odaily Report: Prediction market platform Kalshi has filed to terminate its trading volume incentive program, with the reward pool excluding members who have signed market maker agreements. Kalshi cited other liquidity payment arrangements to explain the previously concentrated Ethereum perpetual trading; the decision comes amid allegations of wash trading.

Odaily: A Metaplanet independent director responded to criticism regarding the Series 10 executive warrants, stating that the team purchased the warrants at fair value when the company's financial condition was uncertain, and that the investment could result in a loss rather than being granted for free. The independent director stated that focusing solely on the exercise price overlooks the amount already paid, the risk, the multi-year vesting period, as well as subsequent lock-up and exercise restrictions. (Bitcoin Treasuries)

Odaily: Solana ecosystem project Paid has announced that its new claim system is now live. The fee distribution has been adjusted from 80% to recipients and 20% for PAID buybacks, to 65% to recipients, 25% for PAID buybacks, and 10% retained by the protocol.

Odaily News: Gate Research has released its latest report on Gate TradFi connecting global markets, noting that the four markets—US, Japan, South Korea, and Hong Kong—have different sources of returns: US stocks rely on corporate earnings and technology investment, Japanese stocks benefit from governance reform and improved capital efficiency, Korean stocks are primarily driven by the semiconductor cycle, and Hong Kong stocks depend on Chinese corporate earnings, capital flows, and changes in risk premiums.

Since 2016, US and Korean stocks have delivered similar annualized returns, but Korean stocks have notably higher volatility and drawdowns; Japanese stocks offer some diversification value, while Hong Kong stocks have undergone a longer valuation recovery cycle. Backtesting shows that cross-market diversification can reduce reliance on any single market, and trend rotation can help improve drawdowns, but neither can eliminate systemic risk, and higher turnover may increase trading costs.

Gate TradFi incorporates US, Japanese, Korean, and Hong Kong stocks into a unified stock account, covering over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, and approximately 300 Japanese stocks, totaling coverage of more than 12,800 stock and ETF assets globally. The platform further connects index, forex, and metals market data, enabling investors to conduct cross-regional market comparisons, asset screening, and portfolio management within the same trading environment, expanding multi-asset observation and trading scenarios.

Odaily reports that R25 today announced the official public beta launch of R25 Studio, the core product of its 2.0 architecture.

R25 Studio is dedicated to realizing the vision that "anyone can become an asset manager," fully opening up institutional-grade fund setup, operations, and distribution capabilities. By abstracting cumbersome legal documents, back-end systems, and compliance processes into configurable smart contracts, R25 Studio has successfully compressed the fund setup timeline from months to just 10 minutes.

The platform is built around four pillars — Build, Manage, Earn, and Distribute — covering Vault creation, subscription and redemption, investment management, fee earning, and distribution. Asset managers no longer need to build complex fund structures from scratch; they can autonomously configure investment parameters, management fees, and performance fee rates onchain, generate dedicated Vault Tokens/Shares, and list their Vaults on channels such as Dapp and Topnod. The platform also provides performance data including NAV, APY, cumulative returns, and maximum drawdown, helping asset managers monitor strategy performance in real time.

Previously during the 1.0 phase, Axil launched a private credit Vault on R25 and successfully surpassed $130 million in TVL, validating the reliability of this infrastructure.

The application channel for the first batch of managers is now open. (Please click the original link)

Odaily: The Australian Securities and Investments Commission (ASIC) is preparing to regulate digital asset and tokenized asset custody platforms under a regulatory framework planned to launch in April 2027. ASIC said it will issue consultation papers, guidance, and draft rules while monitoring market integrity and risk management.

Odaily reports: According to on-chain analyst Ai Yi's monitoring, Bitget transferred 2,000 BTC from its cold wallet to the protection fund address over the past 2 hours, worth $166 million. Currently, the on-chain balance of this address is 2,484.71 BTC, worth $206 million. Previously, GracyBitget and xiejiayinBitget had promised to top up the protection fund to $300 million within one week.

Odaily News: Tonight at 20:15, the U.S. September ADP employment data will be released first, with expectations of 70,000 new jobs; at 20:30, the Fed-favored August PCE will follow, with the core annual rate expected to remain at a high of 3.3%. Fed's Williams unexpectedly signaled a dovish stance, and October rate hike expectations immediately dropped to a coin flip. If tonight's data both run hot, rate hike bets may return. (Jinshi)

Odaily News: According to Gate data, gold (XAUUSD) has risen above $4,200/oz, currently trading at $4,200.79/oz, with a 24-hour gain of 1.3%.

Odaily reports, according to Gate data, Brent crude oil (XBRUSD) has fallen to $100/barrel, currently at $99.93/barrel, with a 24-hour decline of 3.8%.

Odaily reports: European stablecoin issuer AllUnity has launched the U.S. dollar stablecoin USDAU, its fourth fiat-backed stablecoin. USDAU maintains a 1:1 peg to the U.S. dollar through segregated reserves and is now live on Ethereum, Solana, Base, Tempo, Arc, and Polygon.

AllUnity is regulated under the EU's Markets in Crypto-Assets Regulation (MiCA) and has previously issued the euro stablecoin EURAU, the Swiss franc stablecoin CHFAU, and the Swedish krona stablecoin SEKAU. (Cointelegraph)

Odaily reports that Tom Lee posted on X platform stating that Federal Reserve's Williams expects the August core PCE data to be released on September 30 to be dovish, so the FOMC may downplay its hawkish stance, which would be bullish for the stock market.

According to Onchain Lens monitoring, a whale withdrew 2,640 ZEC from Binance two hours ago, worth approximately $3.72 million. Over the past month, this address has withdrawn a cumulative total of 14,190 ZEC from Binance and Gate, worth approximately $20 million.

Odaily News: According to Bitget data, the platform recorded $231 million in inflows over the past 24 hours, close to the August daily average inflow of $245 million.

In terms of trading data, on September 29, Bitget's futures trading volume reached $9.2 billion, with futures open interest at $4.4 billion, maintaining a stable market share.

Odaily reports that Lookonchain posted on X that Strive bought 6,106 BTC between August 24 and September 25 at an average price of $80,375, worth $491 million.

Odaily reports that Bybit today added the Doppler Finance (XDPUSDT) perpetual contract, supporting up to 25x leverage.