Odaily: Hyperliquid News posted on X that the Hyperliquid Policy Center is calling on the U.S. Securities and Exchange Commission (SEC) to exclude airdrops from the definition of securities.

Its specific arguments include: codifying into rule the position the SEC proposed in March 2026 that free airdrops do not constitute a "money investment" and therefore are not investment contracts; extending this rule to announced airdrops, including periodic or recurring distributions, provided that the network is already operational, eligibility is based on usage or contribution (trading, validating, providing liquidity, governance), and the airdrop is not a means of fundraising. The Hyperliquid Policy Center holds that investment requires tangible and identifiable consideration, and that airdrops are rewards rather than investments; claim processes such as connecting a wallet, signing, paying gas fees, completing KYC/AML, or accepting terms of service should not be deemed consideration. Additionally, the rule should apply retroactively to past airdrops or cover Hyperliquid's native airdrop.

Odaily reports that Lookonchain posted on X platform that most traders on the Papertrade platform are in a loss position. Among the top 25 traders by loss amount, 21 remained in loss even after accounting for USDC rewards, with only 4 overall profitable. The above traders had a cumulative trading volume of $111.5 billion, received 2.06 billion PAPER, accounting for 23.4% of the total supply; they claimed $11.61 million in USDC rewards, accounting for 20.6% of the total rewards.

Odaily reports: Trump posted a message thanking Tesla and SpaceX CEO Musk, saying that Musk plans to gift SpaceX stock to millions of American children through "Trump Accounts," and called Musk his "legendary friend."

Trump stated that this move aligns with the original purpose of establishing Trump Accounts, which is to bring together private-sector forces to invest in American children and allow more children to share in the fruits of U.S. economic development.

Previously, on October 19, Musk said he planned to gift one share of SpaceX stock to every American child in 2027, and called it the beginning of a series of similar initiatives in the future. The specific implementation details of the stock gifting plan have not yet been announced.

Odaily reports: Market analyst Murphy posted on X that MSCI officially approved new rules on October 15 to exclude non-operating companies that do not meet standards from its global investable market indices. Strategy had already been placed on the proposed removal list in a prior simulated screening, with the final results to be announced on November 11 and effective on November 30. Related index funds hold approximately 13 million shares of MSTR, valued at nearly $1.8 billion, equivalent to 60% of its 30-day average daily trading volume.

Murphy stated that Strategy's core logic lies in driving growth in net Bitcoin per share through capital operations, and whether it can sustain this depends on market premiums and the extent of their contraction. MSTR's future performance depends on three variables: Bitcoin price, net Bitcoin per share, and mNAV; as of market close on October 16, its mNAV stood at 1.08x.

Odaily reports, citing foreign media: After rebounding for two consecutive days and at one point appearing to have bottomed out, the Korea Composite Stock Price Index (KOSPI) fell sharply once again, dropping as much as 4.76% at one point and briefly losing the 5,500-point mark during intraday trading. Affected by rising U.S. Treasury yields and the weak first-day performance of a data center company's listing, foreign investors reduced their holdings of South Korean stocks, and institutional investors, including pension funds, also joined the selling, placing significant pressure on the market. As of press time, foreign investors had net sold 636.7 billion won in South Korea's securities market. Institutional investors also net sold 467 billion won, of which financial investment institutions net sold 241.8 billion won and pension funds net sold 159 billion won. Individual investors and other legal entities net bought 838.8 billion won and 261.6 billion won, respectively, in an attempt to support the index and limit its further decline. Eugene Investment & Securities analyst Huh Jae-Hwan said: "This selloff shows indiscriminate characteristics, with almost all stocks falling. The market appears very fragile." Even battery manufacturers, which had led the rebound on Monday, have now pulled back. (Jinshi)

Odaily reports: According to OKX market data, the UNITREE perpetual contract on Hyperliquid is currently trading at $80.285, up 13.82% in 24 hours, having touched an intraday high of $81.745. Meanwhile, Unitree Robotics' A-shares are trading at 550.04 yuan, up 10.91%, following a 16.15% gain in the previous trading session.

As the price continues to rebound, the negative funding rate for the UNITREE perpetual contract has further widened. Hyperliquid's current reference hourly funding rate is -0.11909%, while Binance's reference funding rate per 4 hours is -0.49352%. Of Hyperliquid's most recent 24 settlement rounds, 17 were negative, with a cumulative funding rate of approximately -0.66825%.

Additionally, UNITREE's 24-hour trading volume is approximately $42.86 million, with open interest at about $20.99 million. Despite the price rebound, two long positions each exceeding $1 million remain underwater by a combined approximate loss of $1.0476 million, with a weighted average entry price of $90.41.

On the news front, Unitree Robotics will host the World Physical AI Conference and Partner Ecosystem Conference on October 22, and is expected to disclose its third-quarter financial report on October 29.

Odaily reports: Blockchain security research firm Asymmetric Research has disclosed that Solana's on-chain governance program svmgov previously had a vulnerability: when validators did not participate in voting, independent votes submitted in advance by their delegators might not be counted in the final results. The vulnerability was reported to the Solana Foundation on July 10 and was fixed on mainnet on August 3, earlier than the governance vote on August 24. Based on on-chain data calculations, Asymmetric Research estimates that if the vulnerability had not been fixed, the approval rate of the SGP-0002 proposal, which aims to accelerate the decline in SOL inflation, could have dropped from the actual 67.00% to 66.65%, below the 66.67% passage threshold. The vulnerability was fixed before the vote and did not actually change the proposal's outcome.

Odaily reports: On October 20, according to SoSoValue data, the crypto market sectors experienced a slight overall pullback. The DePIN sector continued its sustained correction, falling another 1.09% over 24 hours, with Filecoin (FIL) down 2.58%. The AI sector remained relatively resilient, rising 0.83% over 24 hours, with Quack AI (Q) up 15.51% and Worldcoin (WLD) up 9.27%. Meanwhile, the Layer2 sector rose 0.46%, with Arbitrum (ARB) up 5.12%.

Additionally, Bitcoin (BTC) fell 0.97%, once again dropping above the $81,000 mark; Ethereum (ETH) declined 1.08%, falling below $2,400.

In other sectors, the CeFi sector rose 0.21% over 24 hours, with Bitget Token (BGB) up 1.06%; the Meme sector rose 0.01%, with Pons (PONS) up 5.22%; the DeFi sector fell 0.12%, though Bedrock Token (BR) surged 47.68%; the Layer1 sector declined 0.26%, with NEAR Protocol (NEAR) down 3.71%; the PayFi sector fell 0.83%, with Telcoin (TEL) down 3.67%.

Crypto sector indices reflecting historical sector performance show that the ssiAI, ssiRWA, and ssiSocialFi indices rose 2.57%, 0.86%, and 0.49%, respectively.

Odaily reports: According to monitoring by on-chain analyst Ai Yi, @machibigbrother has accumulated a trading volume of $1.56 billion since October 10, with realized losses of $833,000, ranking 10th on the loss leaderboard; the account received an airdrop of 437,000 PAPER tokens (405,000 tokens), yet after offsetting, the account remains down $424,000. @machibigbrother mostly opened ETH long positions on @papetrade_xyz, with leverage ranging from 50x to 1000x, mostly at 100x, and continuously posted multiple tweets praising the platform's model.

Odaily reports: Google will update its financial services and products policy. Starting October 21, advertisers promoting crypto trading platforms, crypto wallets, CFDs, and forex services to the UAE must obtain a license from one of CMA, DFSA, FSRA, or VARA and complete Google certification, while also complying with other local legal requirements. This policy applies to all relevant advertising accounts globally. In case of violations, Google will first issue a warning and may only suspend the account after at least 7 days.

Odaily reports: Citi Research has released a report stating that viewing Aave solely as a crypto-native lending protocol is no longer sufficient. As tokenized assets, stablecoins, and institutional participation gradually enter mainstream finance, Aave is poised to become a decentralized collateral liquidity protocol connecting tokenized assets and financing. The report notes that Aave V4, Horizon, and GHO all point toward the intersection of collateral, liquidity, and financing; as tokenization expands from stablecoins to money market funds, private credit, treasuries, and eventually equities, collateral circulation may become one of the key use cases of tokenization.

According to DefiLlama data, Gate has recorded over $199 million in net capital inflow over the past 30 days, ranking second among centralized exchanges globally.

Odaily: The Aztec Rollup attacker deposited 1,255.8 ETH, worth approximately $3 million, into Tornado Cash.

According to OKX market data, UNITREE is up 18% over 24 hours and 6.9% over the past hour, currently trading at 77.75 USDT.

Odaily reports that Bitget has launched perpetual contracts for 4 popular stocks: CSTOCK (Citibank), MDT (Medtronic), BP (BP), and VLO (Valero Energy). These contracts are settled in USDT and support up to 20x leverage and 24/7 trading. As of now, Bitget supports a total of 368 stock contract underlying assets.

Odaily reports that, according to Lookonchain monitoring, a certain address traded only on the first day of PaperTrade's launch, with a trading volume of $10.1 billion and a loss of $9.79 million, while obtaining 252 million PAPER tokens. Since then, the address has stopped trading and continued staking PAPER; the rewards obtained have offset the previous losses and generated an additional profit of $1.04 million.