Odaily: Arkansas and its Oil and Gas Commission on Tuesday asked the U.S. Court of Appeals for the Eighth Circuit during oral arguments to vacate an injunction issued by a lower court. The injunction bars enforcement of a law restricting foreign entities from holding interests in digital asset mining operations. The lower court had previously found that the law was likely preempted by federal regulations and therefore invalid. Joseph Nelson of the Arkansas Attorney General's Office countered that the law falls within the core of the state's police power and that the restrictions target the same countries the federal government has identified as threats to national security. The law, passed in 2024, prohibits citizens or companies of countries subject to U.S. State Department arms export controls from holding interests in digital asset mining equipment in the state.

According to an official announcement, OKX will officially list the USD-margined X-Perp on its website, App, and API on October 21, 2026, at 16:30 (UTC+8).

Odaily reports that according to Lookonchain monitoring, 3 newly created wallets received 1,090 BTC, worth $90.38 million, from Wintermute.

Odaily reports: The GENIUS Act took effect on July 18, 2025, with the general applicability date being 18 months after enactment, or 120 days after the primary federal payment stablecoin regulator issues final implementing rules, whichever is earlier. The U.S. Treasury Department expects the general effective date to be January 18, 2027, with certain issuance and sales restrictions taking effect on July 18, 2028.

The Office of the Comptroller of the Currency (OCC) published its primary implementation proposal in February 2026, and the Federal Reserve proposed rules on September 24, 2026 covering regulated issuers, reserves, capital, risk management, custody, and application procedures. An interim final rule effective September 30, 2026 has established the forms and procedures for certification of state regulatory regimes.

Stablecoin issuers need to assess approval, prudential supervision, reserve, and redemption requirements; distributors and intermediaries need to analyze exchange, transfer, custody, and related financial services obligations. Companies holding stablecoins also need to review redemption channels, reserve arrangements, custody, freezing, and counterparty risks, and those accepting stablecoin payments need to distinguish between receiving payments for their own goods or services and transferring funds on behalf of others.

Prospective issuers may choose the path of an approved subsidiary of an insured depository institution, a federal qualified issuer, or a state qualified issuer; state qualified issuers that meet the conditions and have outstanding issuance of no more than $10 billion may opt for state supervision. Payment stablecoin reserves must cover outstanding tokens at least one-to-one, and companies also need to map out fund flows, customer rights, compliance responsibilities, and product yield arrangements. Relevant issuers may not pay interest or yield solely by virtue of holding, using, or retaining payment stablecoins. (Bitcoin.com News)

Odaily: On June 15, the Supreme People's Procuratorate published a theoretical article stating that virtual currency perpetual contract platforms should be subject to piercing-style review: any platform that lacks genuine external order matching, settles internally, has operators acting as the house, and whose profits and losses depend on market price fluctuations should be identified as an online gambling platform and characterized as the crime of running a casino; the defense raised by platforms that they "cite public market data" does not hold. The article states that the crime of illegal business operations applies only to intermediary models with genuine external order matching and no house betting against users; currently, more than 95% of platforms on the market are internal betting operations, and actual controllers as well as technical development, operations and promotion, and fund settlement personnel may all be held accountable. Such transactions constitute invalid civil juristic acts; investors' claims for return of principal and payment of returns will in principle not be supported, and losses shall be borne by themselves.

Odaily reports: Base officially announced that the Base Meme Summit will return on October 22. This is a community-led event focused on Base ecosystem meme coins, aimed at facilitating discussions around Base ecosystem meme coins and the community.

Odaily reports: According to on-chain analyst Ai Yi, the well-known Solana trader Kimchi (Gs5F...GYeX), who is rumored to have profited over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens worth $6.43 million in the past 3 hours. Today, the market cap of the token sharing his name, Kimchi, briefly reached $40 million; Kimchi himself holds 75.32% of the token's total supply. Pump.fun co-founder @a1lon9 confirmed a partnership between the two parties and stated that Kimchi is helping Pump.fun shape its creative direction.

Odaily report: As the financing models of Bitcoin treasury companies Strategy and Strive come under pressure, related companies are attracting investors by offering higher-yield preferred stock to sustain their crypto asset accumulation strategies. Strategy's STRC preferred stock, which carries a 12% annualized dividend rate, has not been issued again since its price decline in June. The company is now seeking to promote daily dividend payments and continues to raise funds by issuing additional common stock to buy Bitcoin, resulting in equity dilution for existing shareholders.

Bitcoin treasury company Strive disclosed that it has completed a $630 million preferred stock offering, with the fundraising scale about 25% higher than initially planned. The preferred stock carries a nominal annualized yield of 15% and was issued at a discount, with an effective yield of nearly 17%, far exceeding the yield on one-year high-grade U.S. Treasury bonds and approaching the returns on distressed debt. (Bloomberg)

Odaily reports: Trump is shifting his campaign strategy ahead of the midterm elections, using cash promises, targeted subsidies, and economic policy incentives as key tools to win voter support. Some measures have already been implemented, others remain at the policy commitment stage, and some have been explicitly tied by Trump to whether Republicans can win the elections. On Monday, he said he would directly distribute $8 billion in subsidies to farmers; on Tuesday, he announced that Americans could receive rewards of up to $30,000 for reporting government fraud.

This intense economic offensive is aimed both at shoring up the Republican voter base and at reflecting the growing cost-of-living pressure the White House is facing. Trump previously promised to lower prices for goods and services, but rising prices for gasoline, diesel, and fertilizer have already caused some households and farmers to become dissatisfied with his economic policies.

Odaily reports that SlowMist has issued a security alert stating that PHP released a security advisory on October 20, disclosing two critical security vulnerabilities that could lead to remote code execution (RCE), tracked as CVE-2026-109618 and CVE-2026-109619, both with a CVSS v4.0 score of 9.2. Currently, PHP officials have not yet released a fix patch, and the specific affected versions and exploitation conditions remain to be confirmed.

According to available information, PHP officials plan to release a security update on October 21 at 14:00 UTC (22:00 Beijing time). SlowMist recommends that relevant organizations promptly check the PHP versions in their servers and business systems, with particular attention to PHP services exposed to the public internet, and upgrade in a timely manner once the patch is released; systems that cannot be upgraded immediately should restrict access sources and take isolation measures when necessary.

Odaily Report: According to SoSoValue data, the crypto market sectors are broadly showing gains overall, with the DeFi sector performing strongly, up 4.38% in 24 hours. Among them, Convex Finance (CVX) rose 22.23%, and Compound (COMP) rose 21.82%. Meanwhile, Bitcoin (BTC) rose 1.77%, breaking through $83,000; Ethereum (ETH) rose 2.64%, breaking through $2,400.

Notably, MAG7.ssi rose 1.81%, DEFI.ssi rose 3.42%, and MEME.ssi rose 4.29%.

In other sectors, the RWA sector rose 5.93% in 24 hours, with Sky (SKY) up 7.74%; the NFT sector rose 5.69%, with Pudgy Penguins (PENGU) up 5.90%; the Meme sector rose 4.89%, with Cash Cat (CASHCAT) up 14.32%; the PayFi sector rose 3.88%, with Zcash (ZEC) up 11.17%; the Layer1 sector rose 2.85%, with Injective (INJ) up 9.81%; the CeFi sector rose 1.93%, with Gate (GT) up 3.65%; the Layer2 sector rose 1.15%, with Optimism (OP) up 5.18%.

Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiAI, and ssiMeme indices rose 6.00%, 4.78%, and 4.36%, respectively.

Odaily: The Digital RMB Operations Management Center has publicly announced the digital RMB infrastructure service system, unveiling two core achievements: the central bank-side digital RMB system (DCEPS) and the digital RMB smart contract ecosystem service framework (e-CNY SMART Contract). (Xinhua News Agency)

Odaily: According to an official announcement, Binance Margin will initiate a routine cleanup starting from October 27, 2026, at 08:00 (UTC+8), targeting cross margin accounts with total outstanding liabilities below 1 USD (in any currency). This cleanup will be executed daily as part of routine operational procedures.

Target accounts:

1. Cross margin accounts with total outstanding liabilities (across all currencies combined) below the equivalent of 1 USD.

2. Margin accounts with no fund activity over the past 6 months. Fund activity refers to any operation that generates fund flows, including but not limited to:

· Fund transfers: transferring funds into or out of the margin account;

· Borrowing / Repayment: taking out margin loans or repaying margin loans;

· Close Position / Close All / Repay All: shortcut functions available on the margin trading page.

Odaily: Hok Seng Ling once assisted Qian Zhimin in money laundering. The Ponzi scheme orchestrated by Qian Zhimin defrauded over 128,000 Chinese investors between 2014 and 2017, after which the proceeds were converted into Bitcoin and she fled to the United Kingdom. Hok Seng Ling helped Qian Zhimin evade British police investigation by booking Airbnb accommodations and arranging assistants. Last November, Hok Seng Ling pleaded guilty to money laundering-related charges at Southwark Crown Court in London and was sentenced to 4 years and 11 months in prison. The court subsequently ordered him to hand over £5,603,305, most of which came from cryptocurrency seized at the time of his arrest. All of the above funds have now been recovered, along with an additional £1,990 in interest.

Odaily reports: According to people familiar with the matter, as volatility in the data center sector intensifies, DayOne Data Centers is reassessing its US IPO plans and may delay its listing or reduce the offering size. The people said that Singapore-based DayOne has been waiting for the right moment to launch its IPO and is also considering postponing the offering until the market stabilizes. Other options include scaling down the offering to raise $2.5 billion to $3 billion, roughly half of its original target.

The people said DayOne is still engaging with potential investors and hopes to move ahead with the listing as soon as market conditions permit. It was previously reported that the company initially considered raising up to $5 billion through an IPO as early as the fourth quarter, targeting a valuation of about $20 billion. The people said discussions are ongoing, DayOne has not made a final decision, and the company may still choose to proceed with the IPO in the coming weeks. DayOne declined to comment.