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Cryptocurrency analyst Axel Adler stated that Bitcoin long-term holders (LTH) have reduced their holdings for the seventh consecutive week, but this has not yet hindered the rise in BTC prices, as the market continues to absorb the supply released by long-term holders.Data shows that the long-term holder supply change indicator remained positive from February to early August this year, during which long-term holders increased their holdings by approximately 1.2 million BTC in May. This indicator turned negative on August 17 and has been in a reduction state for seven consecutive weeks. As of September 28, the long-term holder supply change decreased by 73,400 BTC, a larger reduction compared to the decrease of 1,100 BTC a week earlier. Axel Adler pointed out that compared to the reduction of about 1.07 million BTC by long-term holders in November 2025, the current reduction scale is still relatively limited.If the future reduction scale of long-term holders reaches several hundred thousand BTC again, while BTC prices stop rising, it may indicate that the market's ability to absorb supply is declining. Additionally, the long-term holder SOPR indicator has been above 1 for the second consecutive week, indicating that long-term holders are taking profits. On September 21, this indicator rose to 1.24, the highest level since January of this year; as of September 28, the LTH SOPR was 1.18, meaning that BTC in transfer achieved approximately 18% realized profit compared to the cost basis. Current data shows that long-term holders are gradually taking profits as BTC prices rise, while new demand is still able to absorb the supply released by the market.

According to PR Newswire, Ondo Finance announced the launch of Ondo Private Markets, providing on-chain access to top private companies for investors through tokenized notes. The first target will focus on a private company in the artificial intelligence sector, expected to begin trading on the secondary market this week.Subsequently, Ondo Private Markets plans to expand to private enterprises in fields such as robotics, cybersecurity, biotechnology, and infrastructure. Ondo stated that the related tokens do not correspond to the company's stocks or shares but provide holders with economic exposure to the performance of the reference company's common stock in qualified liquidity events through tokenized notes. The tokens can be freely transferred on-chain and can be used in conjunction with the DeFi ecosystem.This product is based on Ondo's existing on-chain asset infrastructure, which currently has a total value locked (TVL) of approximately $3.7 billion and over 1 million cumulative holders across the related tokenized stock and U.S. Treasury platforms. Ondo Finance indicated that the majority of large companies in the U.S. are still in private stages, with about 87% of companies generating over $100 million in annual revenue being private. Traditional investors often find it difficult to participate in these companies' early growth opportunities. Ondo Private Markets aims to provide a more flexible trading channel through the blockchain secondary market, allowing qualified investors to adjust their private market exposure around the clock.

According to Cointelegraph, the nonprofit financial reform advocacy organization Better Markets criticized the CFTC's proposed framework for retail crypto trading, arguing that the protections for investors would be weaker than those provided by the SEC. The CFTC publicly solicited comments on the framework for retail crypto trading involving margin, leverage, or financing on Monday.Benjamin Schiffrin, the Director of Securities Policy at Better Markets, stated that unlike the SEC, the CFTC lacks a mandate for investor protection, as its mission is to regulate commodity and derivatives markets that have historically been dominated by large institutions with minimal retail participation. Therefore, the CFTC is the wrong agency to oversee retail customer crypto asset trading.Better Markets also questioned the CFTC's claim regarding Congressional intent to allow it to regulate such trading. Schiffrin pointed out that the statutory authority cited by the CFTC was originally established to address fraud in leveraged precious metals trading and does not indicate Congressional intent for the agency to become the primary regulator of retail crypto.He also criticized the proposed framework for potentially allowing connections between market participants, which had previously led to the collapse of FTX. Schiffrin simultaneously condemned CFTC Chairman Mike Selig's statements about making the U.S. the global crypto capital, stating that he failed to explain why this would be a good thing and noted that crypto still lacks real use cases after 18 years.Nate Geraci, President of NovaDius Wealth Management, countered that the crypto industry is simply seeking clear rules, and if Congress cannot provide them, the CFTC and SEC may have to take on that responsibility.

According to CoinDesk, Bitcoin is facing selling pressure, marking the third time since September 23 that it has been blocked near $87,000. FxPro analyst Alex Kuptsikevich stated that since the beginning of last week, BTC has formed a trend of "gradually higher local lows," but bulls have not yet gained sufficient upward momentum.The current price is approaching the apex of a triangle formed by horizontal resistance and an ascending support line. If this pattern is broken, the market may experience greater volatility. The total market capitalization of the cryptocurrency market has fallen back to about $2.93 trillion. Meanwhile, U.S. stocks have performed strongly, with the Nasdaq 100 index reaching a new closing high and the S&P 500 index less than 0.5% away from its historical peak. However, U.S. Treasury yields continue to rise, with the 10-year Treasury yield climbing to 5.32%, close to its highest level since 2002.Market observers believe that for BTC to break through $87,000, sufficient buying pressure is needed to absorb the selling pressure that continues to appear around this price level. Once it stabilizes at this level, it may further open up space for movement towards an 8-month high.

According to SoSoValue data, yesterday (Eastern Time October 5), the HYPE spot ETF had a total net outflow of $2.7059 million.Yesterday, only the 21Shares Hyperliquid ETF (THYP) experienced a net outflow, with a daily net outflow of $2.7059 million, and the historical total net inflow currently stands at $52.1449 million.As of the time of writing, the total net asset value of the HYPE spot ETF is $515 million, with a net asset ratio of 2.44%, and the historical cumulative net inflow has reached $343 million.

Tornado Cash co-founder Roman Storm posted on X platform stating that the U.S. Department of the Treasury recently acknowledged in a document that there were issues with the previous rules regarding mixers, and mentioned that this policy could have a "chilling effect" on legitimate activities.Storm stated that although the relevant department of the U.S. Department of the Treasury now believes there are issues with the policy, the U.S. Department of Justice still insists in its case that even legitimate transactions conducted through Tornado Cash constitute illegal activities due to the potential for being used for money laundering, evading sanctions, and other criminal purposes.Storm claimed that the non-criminal department of the U.S. government believes the policy is inappropriate, while the criminal justice department considers all related transactions to be criminal; he has been detained and prosecuted for over 1,139 days and stated that his case stems from developing open-source code.Storm also mentioned that a new document was submitted today to the Southern District of New York (SDNY) federal court, and the U.S. Department of Justice is still pushing for his conviction.

The 14-day public announcement period for the Sun Yuchen Award regarding question numbers 305, 371, 381, 526, 866, and 1001 has officially ended. The official confirmation states that there were no unresolved objections during the announcement period, and the qualifications of the relevant awardees have been finally confirmed, entering the written confirmation and prize distribution process for the first batch of awardees.According to the previous announcement information, the awardees for questions 305, 371, and 381 are formal verifiers, while the awardees for questions 866 and 1001 are problem solvers. Question 526 received rewards for both roles. Additionally, candidates for problem-solving for questions 239 and 327 have been under public announcement since September 30 and are still ongoing.The Sun Yuchen Award was established by Sun Yuchen, the founder of TRON, with a maximum single-question prize of 1 million USD. The prize pool on-chain address has already deposited 10 million USD. The confirmation of this first batch of awardees also signifies that the Sun Yuchen Award has completed its first complete public announcement loop and initiated substantial prize redemption.

Liquid Capital founder Yi Lihua stated that there is currently a "fatal" problem in the cryptocurrency industry, which is that some projects lack a spirit of contract, resulting in situations where users cannot withdraw their BTC after depositing, arbitrary deductions of investors' assets, and forced modifications of terms.He believes that such behaviors pose indiscriminate credibility risks to VCs, KOLs, and secondary market investors, and suggests that trading platforms incorporate the credibility of project parties as a key assessment indicator.In the traditional stock market, companies involved in fraud typically face penalties or delisting rules. He mentioned that he is actively seeking secondary market projects that are profitable, capable of buybacks, and have credibility, and welcomes relevant projects or investors to communicate via private messages or to meet in person in Singapore soon.

According to monitoring by Lookonchain, a dormant ENA whale address 0xa554 sold 37.725 million ENA through BitGo again 12 hours ago, worth approximately 9.25 million USD.Currently, the address still holds about 119.82 million ENA, worth approximately 29.6 million USD.

ChainCatcher live report, at the OKX NOW Global Products and Ecosystem Conference (Singapore), OKX founder Star delivered a keynote speech, elaborating on OKX's strategic positioning.He stated that OKX started with spot trading and has since expanded into derivatives, Web3 wallets, payments, and tokenized stocks, "it is no longer accurate to view OKX merely as a cryptocurrency exchange."He proposed that OKX's long-term direction is to provide four types of services for the younger generation: supporting users in choosing between custodial accounts or self-custody wallets for fund holding; low-cost, instant payments; a unified entry for investing in various assets; and AI-driven wealth management tools.

The prediction market platform Predict.fun posted on platform X "Soon," accompanied by an image of a token with the letter "P," suggesting that it will soon launch its platform token.Currently, the official information regarding the token name, issuance time, and specific mechanisms has not been announced.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 9.84 billion dollars, with long positions at 4.628 billion dollars, accounting for 47.03% of the holdings, and short positions at 5.212 billion dollars, accounting for 52.97%. The profit and loss for long positions is 597 million dollars, while for short positions it is -657 million dollars.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2304.1 dollars, currently realizing an unrealized profit and loss of -42.1439 million dollars.

According to Cointelegraph, the crypto political action committee (PAC) Fairshake, supported by institutions such as Coinbase, Ripple Labs, and A16z, announced that it will support 32 incumbent members of Congress in the 2026 U.S. midterm elections, including 19 Republicans and 13 Democrats.Fairshake plans to initially invest $6 million, providing $1 million in campaign support expenditures for 3 Republican and 3 Democratic candidates. Spokesperson Geoff Vetter stated, "We support pro-crypto candidates from both parties who advocate for American innovation." All 32 candidates voted in favor of advancing the Digital Asset Market Clarity Act (CLARITY Act) in 2025, but the bill failed to pass a key Senate vote, and its future remains uncertain.Fairshake expects to invest over $100 million this year to support House and Senate candidates through advertising, with at least $30 million allocated for the Ohio Senate race, backing Republican candidate Jon Husted against Democratic candidate Sherrod Brown.Vetter previously stated that as of August, Fairshake held $122 million in cash, aiming to help establish the largest pro-crypto coalition of lawmakers in U.S. history.

According to on-chain analyst @ai_9684xtpa, 6 hours ago, GMGN transferred 11,999.5 ETH to the Coinbase Batch Staking address for staking.It is worth noting that a week ago, GMGN deposited ETH worth 16.38 million dollars into the trading platform, suspected to be for sale.

According to Bloomberg, OpenAI is in discussions with several investment funds from the UAE, seeking them to participate as core investors in a financing round of at least $30 billion. This includes MGX, headquartered in Abu Dhabi, and several UAE funds plan to form an investment consortium, with a total contribution potentially reaching $10 billion.BlackRock is also discussing participating in this financing round alongside the consortium. OpenAI has also been in talks with existing investors such as the University of California Endowment Fund, Thrive Capital, and Andreessen Horowitz regarding participation. The financing is still in progress, and the final investors and specific terms may change.OpenAI aims to raise funds with a pre-money valuation of approximately $1.4 trillion and has offered this valuation as a fixed price to investors without a determined lead investor. In March of this year, OpenAI completed a $122 billion financing with a post-money valuation of $852 billion. The company has postponed its IPO plans until at least next year, citing a current focus on AI safety work.

Payment infrastructure company Modern Treasury has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Modern Treasury National Trust Bank, operating as a federally regulated limited-purpose national trust bank, providing digital asset custody and related fiat services.If the application is approved, the bank will allow Modern Treasury customers to custody and transfer stablecoins and fiat through integrated services, but it will not issue stablecoins or provide loans. Modern Treasury co-founder and CEO Matt Marcus stated that stablecoins are the foundational economic infrastructure of the future, and the company has fully integrated stablecoins into its payment platform.Modern Treasury stated that the proposed bank will operate separately from its existing payment business, which has processed over $600 billion in payments among hundreds of institutions. This application comes at a time when crypto and payment companies are competing for national trust bank licenses, with Bastion and Ripple having received conditional approvals, Circle and BitGo having received final approvals, and Kraken's parent company Payward, Zerohash, and Block also having submitted applications.

Aave has enabled LlamaRisk agents for Pendle collateral on the Plasma network. According to The Defiant, these agents can adjust the pricing and lending parameters of a certain collateral token, which currently has a supply of 36.72 million dollars.The adjustments to the relevant parameters are constrained by fixed step limits and cooldown periods. Plasma is a Layer 1 network aimed at stablecoin payments, Pendle is a yield trading protocol, and LlamaRisk is a cryptocurrency risk management agency.

Token Terminal announced on platform X that a tokenized ETF valued at $53.4 million has been deposited into DeFi, tracking asset sizes of $35.3 million and $25.8 million for STRC and FWDI, respectively.In the tokenized stock market of approximately $3.7 billion, about 7% has been deposited into DeFi.

Grayscale's parent company DCG stated on the X platform that last week the U.S. Securities and Exchange Commission (SEC) proposed reforms to the accredited investor system, allowing certain investors to qualify for participation in the private market through exams and other means. This initiative was suggested by DCG founder Barry Silbert as early as 15 years ago.It is reported that Barry Silbert raised the issue during the founding of SecondMarket around 2011, stating that the SEC's "accredited investor" system primarily relies on income and net asset standards, but wealth levels do not necessarily represent investment capability. Some high-net-worth individuals may not possess sufficient financial knowledge, while some ordinary investors should also have the opportunity to qualify for participation in the private market if they pass the financial literacy tests set by regulatory agencies.