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On October 16, Circle announced that in the first half of 2026, the on-chain settlement amount of USDC exceeded $36 trillion, and Circle minted and redeemed over $315 billion of USDC during the same period, averaging about $1.7 billion per day. The company stated that as of June, USDC accounted for approximately 77% of the global stablecoin trading volume, an increase from 60% a year ago.More attention from the market is focused on the income distribution of USDC. Circle disclosed that the company generated approximately $1.4 billion in revenue in the first half of the year, of which about $819 million was allocated to USDC distribution partners and transaction costs, accounting for about 59% of the revenue; another approximately $473 million was invested in licensing, banking partnerships, settlement liquidity, compliance systems, product development, and multi-chain deployment, accounting for about 34%. According to the announcement, for every $1 of revenue Circle earns, it ultimately retains only about 7 cents in net profit.This announcement may be in response to market concerns regarding "the monopolization of reserve income by stablecoin issuers." Circle stated that partners can share corresponding reserve income by holding and expanding their USDC balances on their platforms; currently, more than 150 trading platforms, wallets, banks, fintech companies, payment platforms, and enterprises have formed economic interests tied to the growth of USDC. Circle also mentioned that Binance signed a five-year commercial agreement with it in September and invested $100 million in Circle.On the product side, Circle announced the expansion of its free redemption mechanism: all Circle customers can still redeem USDC for free through traditional banking channels, with the funds typically arriving within two business days; customers who make payments through the Circle Payments Network or use eligible products such as Arc, Circle Mint, and Circle Wallets will be able to enjoy free, near-real-time redemption capabilities.

According to Bitcoin.com, asset management company Vaneck has applied to the U.S. Securities and Exchange Commission (SEC) to withdraw the registration documents for the Lido Staked Ethereum ETF. The document is dated October 14, 2026, the registration statement never became effective, and the fund has not sold any shares.The product was originally planned to hold liquid staking tokens stETH issued by the Lido protocol, rather than staking Ethereum directly through designated validators. The total locked value of Lido is currently about $23.6 billion, down from $33.3 billion a year ago.BlackRock launched ETHB, which stakes Ethereum directly through validators, in March 2026, with a net asset value of $409.8 million as of March 31.

The modular blockchain project Celestia announced the launch of Eden, a high-performance EVM chain running on Celestia. Celestia stated that Eden will serve as an "Agentic Commerce" experimental sandbox to test the behavior and infrastructure needs of AI Agents when autonomously making payments, trading, and calling models on-chain.Celestia indicated that as AI Agents begin to participate in more frequent on-chain transactions, the market demand for block space, real-time settlement, and low-friction payments will continue to rise. Eden will help teams observe what kind of transaction environment Agents need, how they manage funds, and how their on-chain behavior will affect network design.The first experimental project of Eden is Botfun, currently in closed testing. According to Celestia, participating Agents can issue tokens independently and trade around narratives generated by other Agents; each model inference call is paid on-chain via x402.Celestia claimed that this experiment briefly positioned Eden as one of the largest x402 networks by transaction count. From a technical configuration perspective, Eden is an EVM-compatible chain that supports atomic batch transactions, application-paid Gas, and larger smart contract deployments, with the native Gas token being TIA. These designs will reduce the friction of signatures and fees when Agents continuously execute payments, exchanges, and interactions.

According to CoinDesk, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), issued a statement on October 13, approving the rule change submitted by Cboe Global Markets. This change allows binary options linked to the key performance indicators (KPI) of 23 publicly listed companies in the United States. The metrics related to the cryptocurrency industry include: trading volume of Coinbase (COIN), number of customers and revenue of Robinhood (HOOD), and Bitcoin production of MARA Holdings (MARA).These contracts are cash-settled, European-style options that can only be exercised at expiration. The settlement data is derived from documents submitted by the companies to the SEC, rather than from earnings presentation materials. Cboe plans to launch these contracts this month, and Robinhood is expected to be the first brokerage to offer this product to retail investors. However, trading will not begin until the clearing agency Cboe Clear U.S. obtains temporary registration, and another related application is still under review.

According to a report by Reuters, the Russian government press office announced that Finance Minister Anton Siluanov, Energy Minister Sergei Tsivilev, and First Deputy Prime Minister Denis Manturov have joined the board of directors of the Russian payment company A7. In the context of Western sanctions affecting traditional banking channels, A7's role in maintaining trade relations between Russia and partners such as China is expanding.A7 was established in 2024 by the Russian bank PSB, which primarily serves the defense sector, to provide cross-border transaction settlement services for Russian enterprises. Due to Western sanctions, traditional banks have difficulty processing many payments related to Russia, especially trade payments with Russia's largest trading partner, China. A7 estimates that currently, up to 80% of Russia's foreign trade payments are completed through alternative channels.A7 has been subjected to multiple Western sanctions. The U.S. Treasury imposed sanctions on it on October 1, stating that it has established a global network of affiliated companies that "disguises payments related to sanctioned industries and individuals as ordinary business activities." A7 uses the ruble stablecoin A7A5 for settlements. This token was launched in 2025 in Kyrgyzstan and is backed by ruble deposits held at PSB Bank. According to PSB's estimates, the cumulative transaction volume of A7A5 has reached approximately $14 billion.

The cryptocurrency payment card data platform PayGlass Beta version is officially launched, aiming to provide users with comprehensive, accurate, and timely cryptocurrency card payment data. Currently, RedotPay, KAST, and Plasma One occupy the top three positions on the list.It is reported that PayGlass (https://www.payglass.io/) systematically compiles and analyzes different card projects around the core indicators and key features of cryptocurrency cards, covering multiple dimensions such as transaction volume, fee rates, cashback and promotional benefits, and issuing teams, helping users to better understand the product characteristics, cost structures, and service differences of various cryptocurrency cards.

The cryptocurrency-friendly securities platform UMX (The Unified Market Exchange), incubated by Avenir Group under Li Lin, has officially launched. Since the public beta started on August 10, UMX has received a total of 788 product feedbacks, among which 89 demands have been implemented in this official version.According to reports, UMX is positioned as a cryptocurrency-friendly securities platform for global professional investors, focusing on trading real Hong Kong and U.S. stocks, ETFs, U.S. stock options, and cryptocurrency assets. It aims to address issues such as the separation of digital assets and securities assets into different account systems, the complexity of cross-market allocation processes, and the dispersion of purchasing power. Users can trade real securities and cryptocurrency assets under a unified account system and flexibly transfer funds between securities, cryptocurrency assets, and fiat currency, using a cross-asset unified margin.

According to Bloomberg, citing informed sources, Haider Rafique, Global Managing Partner and Chief Marketing Officer of OKX, plans to leave by the end of 2026. Both an OKX spokesperson and Rafique declined to comment.Rafique joined OKX in March 2020, leading the exchange's brand overhaul and driving collaborations with institutions such as the McLaren F1 team and the Tribeca Film Festival. He was also involved in facilitating Intercontinental Exchange's $200 million strategic investment in OKX this March, which valued OKX at $25 billion.

Singapore Gulf Bank (SGB) announced that personal customers can conduct two-way exchanges between USD and USDT, USDC through the mobile banking app, without the need to transfer funds to a cryptocurrency exchange.Customers can hold USDT, USDC, and other fiat currencies in the same bank account, and the service supports 24-hour exchanges from Monday to Friday. Singapore Gulf Bank was initiated by the Singapore Huangpu Group.

According to data from RootData Stock Derivatives Exchange, with the official release of Tesla's new generation Roadster in Texas on October 15 local time, trading in TSLA-related stock derivatives has become active, with TSLA contract prices across exchanges generally rising by about 4% in 24 hours.The platform recorded 12 TSLA stock derivatives trading markets, with a total trading volume of approximately $531 million in the past 24 hours and an open interest (OI) value of approximately $241 million. Among them, the top three exchanges by trading volume in 24 hours are Binance, Hyperliquid, and Bitget, with trading volumes of $246 million, $153 million, and $38.927 million respectively; the top three exchanges by open interest (OI) are Hyperliquid, Binance, and Gate, with OI values of $96.124 million, $71.400 million, and $22.046 million respectively.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to 8.588 billion dollars, with long positions totaling 4.015 billion dollars, accounting for 46.75% of the holdings, and short positions totaling 4.573 billion dollars, accounting for 53.25% of the holdings. The profit and loss for long positions is 253 million dollars, while the profit and loss for short positions is -233 million dollars.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2322.64 dollars, currently showing an unrealized profit and loss of -14.4412 million dollars.

During the IMF meeting in Bangkok, Federal Reserve Chairman Kevin Walsh stated that he would not predict the outcomes of the remaining two interest rate meetings this year and was unwilling to disclose potential actions in advance. He said, "This is a new chapter for the Federal Reserve; we no longer do this." Regarding the recent signals from colleagues indicating "no urgency to raise interest rates this month," he neither explicitly supported nor refuted them. Walsh reiterated that the Federal Reserve will achieve price stability and noted that the global economy has largely aligned with central bank expectations since the interest rate hike in September, while describing the recent actions of various central banks as a synchronized tightening of monetary policy in most regions of the world.In September, the Federal Reserve unanimously raised interest rates by 25 basis points, increasing the target range for the federal funds rate to 3.75% to 4%. At that time, most officials expected at least one more rate hike this year. Despite the core CPI rising by 0.33% month-on-month in September, marking a strong increase for the second consecutive month, and the latest producer price data also being robust, Walsh hardly mentioned this week's inflation report and did not significantly attempt to change market expectations for the October meeting. Reports indicated that during his speech, the dollar weakened, and market bets on an interest rate hike in October dropped from about 30% to around 17%.Additionally, Walsh believes that the U.S. is experiencing significant investment growth and holds an optimistic view on economic resilience and the productivity boost brought by AI, but he warned that the development path will be "very bumpy," and the short-term impact of AI on employment remains unclear. DBS Bank macro strategist Wei Liang Chang stated that Walsh reiterated that artificial intelligence will improve productivity in the medium term, which may help ease inflation expectations and alleviate concerns about the Federal Reserve's consecutive rate hikes. Saxo Markets Chief Investment Strategist Charu Chanana noted that Walsh's refusal to commit to another rate hike led to some bets on Federal Reserve rate hikes falling flat, and related comments did not help the dollar following the release of strong inflation data.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,441.81. The thickest order book is on Binance perpetual: buy orders amount to $70.9534 million, sell orders amount to $61.2456 million, with buy orders exceeding sell orders by $9.7078 million.Coinbase's spot buy orders are also thicker than sell orders, but the scale is smaller than that of Binance perpetual. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

According to data from the CoinGlass platform, Gate's stock perpetual contracts rank second across the network, with several popular stock derivatives, such as SPCX, SKHYNIX, SNDK, and SOXL, having positions that also rank second across the network, only behind Binance.Real-time data from the platform shows that Gate SPCX has a position of 144 million USD, accounting for 14.65% of the total market share; SKHYNIX has a position of 137 million USD, accounting for 15.38%; SNDK has a position of 150 million USD, accounting for 18.62%; and SOXL has a position of 143 million USD, accounting for 23.92%.

According to Cointelegraph, the Swedish central bank (Riksbank) recently submitted a proposal to the parliamentary finance committee, urging lawmakers to initiate legislative preparations for a potential central bank digital currency—Digital Krona.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin Price Prediction for October 16" on Polymarket, the "Yes" option for the sub-market "82,000" experienced a dramatic fluctuation in winning probability, soaring from 40.5% an hour ago to the current 56.5% (a fluctuation of 16%). Please note the impact of related breaking news.

The Solana Accelerate China team announced on October 16 that due to logistical considerations regarding the venue, the event originally scheduled for that morning in Shanghai has been postponed, with the specific time to be confirmed and communicated to registered attendees. The official apology for the hasty adjustment was issued, and attendees are asked to pay attention to notifications and emails from Luma.According to on-site sources, law enforcement personnel were stationed at the Shanghai Shangri-La Hotel, and participants were blocked from entering the venue for over an hour. The team has not provided further details regarding the specific reasons for the postponement or the new event arrangements.

The second-generation Tesla Roadster supercar has been unveiled, equipped with a cold air propulsion system developed in collaboration with SpaceX. Musk stated that Tesla will begin production of the Roadster sports car in 2028. In August of this year, Tesla, Inc. applied to register the "Roadster" trademark, classified internationally as a vehicle, with the current trademark status being in the application process.