Odaily Report: Although stablecoin circulating supply saw almost no growth in the first nine months of 2026, their payment use is accelerating. During the same period, stablecoin payment volume reached $482 billion, up 45% year-over-year; the number of payment transactions rose to over 1 billion, up 71% year-over-year. On-chain stablecoin card spending reached $3.9 billion, 10 times that of the same period last year, with small purchases under $50 accounting for 84% of the incremental card transaction growth. This week, Mastercard, Stripe, and Visa successively launched services to integrate stablecoins into existing payment systems. Of the $97.9 trillion in raw transfers in the first three quarters, only 2.5%—or $2.4 trillion—represented end-user activity, and the $482 billion figure represents payment volume under that measure; stablecoin card spending in Q2 accounted for only 0.03% of Visa's $4 trillion in payment volume during the same period.
Odaily reports: Circle disclosed that in the first half of 2026, USDC retained only 7 cents of net profit per $1 of revenue. According to a blog post published on October 16 by Circle Chief Business Officer Kash Razzaghi, Circle generated approximately $1.4 billion in revenue and reserve income in the first half of the year, of which $819 million was distributed to distribution partners and used for transaction costs, equivalent to about 59 cents per dollar of revenue. Circle stated that the low revenue retention rate demonstrates the sustainability of its model, and said that competitors' higher revenue-sharing ratios mean they are saving costs on underlying infrastructure.
Circle holds more than 55 licenses and partners with over 25 banks, with more than 150 partners participating in the USDC economic revenue share. In the first half of 2026, USDC on-chain transaction volume exceeded $36 trillion; in June 2026, USDC's share of global stablecoin transaction volume rose to 77%, up from 60% in the same period the previous year. Open USD launched in June 2026, featuring free minting and redemption, and distributes reserve income directly to participants.
Odaily reports: The U.S. Depository Trust & Clearing Corporation (DTCC) will open commercial access to its tokenization service this month, covering approximately $30 trillion in assets under DTC central securities depository custody—about one-quarter of its total assets under custody. The service will initially run only on two closed platforms, Canton and Besu, with an initial batch of 25 liquid instruments including U.S. Treasuries, major ETFs, and Russell 1000 large-cap stocks. The system will only support two types of participants converting traditional securities into tokens via UI or API between 2:00 and 18:00 ET, while institutions can transfer tokens between wallets around the clock. Stellar (XLM) has been named a 2027 launch partner and will be integrated under the SEP-41 standard alongside Circle's Arc solution, with the original timeline of the first half of 2027 unchanged; a closed pilot in July this year involved more than 30 Wall Street institutions.
Odaily: U.S. SEC Chair Paul Atkins stated that despite setbacks in the U.S. legislative process and leadership changes, the SEC will continue to advance a comprehensive crypto market structure. Previously, the Digital Asset Market Clarity Act failed to clear the Senate's 60-vote procedural threshold on September 15, shifting the policy focus to federal regulators using existing authorities to provide regulatory clarity. During Atkins' tenure, the SEC announced interim regulatory exemptions in September to ease certain tokenized stock trading; Patrick Witt, executive director of the White House crypto council, departed, having previously participated in CLARITY Act negotiations.
Odaily reports that Ethereum co-founder Vitalik Buterin launched a "paranoid mode" for his AI agent on October 16, designed to conceal user identity, request origins, and payment traces. The solution packages zkAPI, Tor, additional obfuscation traffic, and local large language model prompt rewriting into an OpenAI-compatible daemon, with an outer wrapper designed for the agent framework pi. The system is already running on the Ethereum mainnet and supports ETH and USDC deposits. Vitalik stated that the system is "already quite usable," but starting new conversations is relatively slow, and the agent is confined to a software sandbox.
Odaily — A trader holds a long position of 1,205.30865 BTC on the decentralized perpetual contract trading platform Hyperliquid, with a notional value of approximately $97.87 million, using 40x isolated leverage. The position's average entry price is $81,913.80, with an estimated liquidation price of $79,828.
As of 12:25 on October 18, Bitcoin was trading at $81,117 on Bitstamp, 1.59% above the position's liquidation price. The position has an unrealized loss of approximately $866,500, funding fee expenses of approximately $87,000, and available margin has dropped to zero.
The account has accumulated losses of approximately $9.7793 million over the past 7 days, with a maximum drawdown of 78.77%. It has recorded a total of 3,763 trades with a win rate of 16.67%. Currently, 100% of its exposure is in Bitcoin longs, with no short positions held. (Bitcoin.com News)
Odaily reports: U.S. brokerage Charles Schwab is rolling out Bitcoin and Ethereum external wallet transfers to eligible clients in phases, supporting transfers of the relevant assets into and out of external wallets, expanding its service scope beyond merely providing market exposure within investment accounts. Charles Schwab stated that Bitcoin and Ethereum held through its services will not receive FDIC insurance, and the relevant crypto assets are not insured traditional bank deposits. The service will be launched gradually, and the company has discussed expanding supported assets beyond Bitcoin and Ethereum.
PPP prediction market tool monitoring shows that in the "CS2 Thunderpick World Championship 2026 Grand Final Furia vs. BetBoom" prediction event, an account with a loss of $160,000
(0x89eb83948d44d7b9b5e2c58fb49167b563a3cff9) purchased $82,000 of Furia to defeat BetBoom, with an average entry price of 74¢ and 111,801.0 shares bought.
In addition, the account also holds $30,000 of Furia -1.5 handicap to win.
This match starts on October 19 at 00:00, with a BO5 format, and the winner will be crowned champion of this tournament.
Join the PPP signal push community to stay one step ahead and seize the initiative.
Odaily report: South Korea's Financial Services Commission disclosed on October 14 that Streami, the operator of the Gopax exchange, was among 16 financial institutions affected by a recent hacking incident. The incident affected a total of 16 financial institutions, and regulators identified approximately 100,000 data breach cases during an investigation across the financial industry. This figure is not the number of Gopax's individual customers, and there is currently no breakdown by institution. As of October 15, Gopax has not issued an apology or detailed public statement. South Korea's Financial Services Commission said it will investigate whether the attack methods involved AI and deploy broader security checks and coordinated response. Existing evidence cannot prove that Gopax had a specific scale of crypto assets stolen.
Odaily: The Latvian parliament has passed a cryptocurrency tax law that will take effect in 2027, focusing on taxing withdrawal amounts exceeding deposits and including a one-time declaration mechanism.
Odaily reports that community user X Freeze, citing Similarweb data, stated that the X platform's website visits in the third quarter of 2026 reached 13.43 billion, up approximately 6% from 12.67 billion in the second quarter, an increase of 760 million visits in a single quarter. X Freeze noted that with the gradual integration of features such as social, payments, creators, video, and real-time news, X is evolving toward an integrated ecosystem. In response, Musk said that X usage is at an all-time high.
Odaily reports: Blockchain project Qubic has disclosed that between October 17 and 18, approximately 2.94 trillion QU worth $1.3 million was transferred out of 1,404 wallets. The unauthorized transfers occurred between 23:42 and 01:26 the following day, after which network validators paused transactions at tick 85,371,949.
Qubic stated that the incident involved predictable wallet seeds generated by older Apple devices and browsers, and that the issue has been fixed in version 4.26.4. Developers also secured other at-risk funds before the attacker could move them.
About 87.1% of the stolen QU remains within the paused Qubic network, while approximately 12.9% was transferred to cryptocurrency exchange MEXC and frozen. Cryptocurrency exchange Bitget has suspended QUBIC deposits and withdrawals. Whether victims will be compensated is to be decided by Qubic's Computor cluster, and QEARN staking remains unaffected. (Bitcoin.com News)
Odaily Report: Earlier this month, the US Department of Justice announced that it had reached a deferred prosecution agreement with Roger Ver, under which his fraud and tax evasion charges will be dropped in exchange for payment of up to $49.9 million in taxes, penalties, and interest. Roger Ver purchased a large amount of Bitcoin in 2011 at a cost of less than $3 million. After obtaining citizenship of Saint Kitts and Nevis in February 2014, he renounced his US citizenship the following month. At the time, he and his companies held at least 131,000 BTC, worth more than $70 million at then-current prices. The US Internal Revenue Service determined that he failed to declare his personally held Bitcoin and understated his company's assets, and the actual amount recovered is 48 times the amount of tax he declared and paid that year. (Reuters)
