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With only 22 days left until the U.S. midterm elections, Fairshake, aligned with the stance of the U.S. cryptocurrency industry, and its affiliated Political Action Committee (PAC) have ramped up advertising to support their identified "crypto-friendly" candidates. According to documents disclosed by the Federal Election Commission (FEC) on Saturday, the PACs Defend American Jobs and Protect Progress have collectively spent $2.7 million on media and direct mail production to support Democratic and Republican candidates running for the U.S. House of Representatives in 2026. Fairshake's funding primarily comes from donations from investment bank Cantor Fitzgerald, cryptocurrency exchange Coinbase, and Ripple Labs.Specific expenditures include: over $76,000 for House Majority Whip Tom Emmer, $73,000 for House Agriculture Committee Chair Glenn Thompson, $512,000 for California Congressman Pete Aguilar, and $500,000 for New Jersey Congressman Josh Gottheimer. A few days earlier, Fairshake announced it would additionally support 32 House candidates in 2026, with 6 of them each receiving $1 million in media support.

Cryptocurrency exchange Binance announced the official launch of the personalized trading interface Binance AI for global English users. This free tool is based on generative UI and can customize market information, portfolio tracking, and trading functions according to users' interests and trading experience levels, with more language versions being rolled out gradually. A Binance spokesperson revealed to The Block that since testing began on September 7, approximately 150,000 users have participated in the trial.The features of Binance AI include AI-generated portfolio performance summaries, analysis of popular volatile assets, voice alerts, and on-demand text or audio market briefings. The product was demonstrated in a live broadcast last week, alongside the upcoming Binance AI Pro. Binance's Vice President of Product, Jeff Li, stated that the market is becoming increasingly complex, but tools for understanding the market should be easier to use. This interface aims to make market information more accessible to users, whether they are novice traders or managing more complex positions.Binance Co-CEO Richard Teng described the product in an announcement on October 5 as part of the company's efforts to make financial information more accessible. He stated that finance has always been built for those who already understand it, blockchain allows everyone to enter the market, and AI empowers everyone with the knowledge to navigate the market. In April of this year, Teng discussed the company's super app strategy with The Block, which includes plans on how to utilize artificial intelligence.

Cryptocurrency analyst Darkfost stated that the Bitcoin long-term holder SOPR (Spent Output Profit Ratio) has re-established itself above the 1.1 annual average line and maintained that level, indicating that the average profit margin achieved by long-term holders over the past year is about 10%. Currently, the weekly average of BTC long-term holder SOPR is 1.25, and the monthly average is 1.16, both above the annual average, suggesting an improvement in market conditions and that long-term holders are starting to realize profits again.Darkfost pointed out that this change is worth comparing to the previous bear market: at that time, as the bear market approached its end, long-term holders also began to profit again. He believes that moderate profits in the market are a positive signal and may further boost investor expectations for the future market.

Bitwise Chief Investment Officer Matt Hougan recently stated in an interview that Bitcoin's market capitalization could rise to $30 trillion in the next decade, with a path similar to the long-term expansion following the launch of gold ETFs.He compared two time points: in 2004, when gold ETFs were introduced, the gold market was approximately $2.5 trillion; by 2024, when Bitcoin spot ETFs are expected to launch, Bitcoin's market capitalization is around $2 trillion.Hougan believes that the long-term upside potential for Bitcoin remains significant, and the real risk does not lie at the protocol level or in quantum computing, but rather in whether investors can navigate multiple bull and bear cycles and maintain their holdings.

Recently, the Polkadot community submitted a proposal named DOT DAO Strategy Mandate on the SubSquare platform, advocating for a shift in the DAO's strategic focus from previous ecological scale expansion and locked asset growth to acquiring end users and real usage scenarios, and plans to build a user-oriented Polkadot Product Platform.Another core aspect of the proposal is the introduction of permissionless DOT collateralized stable assets called dotStables, with a priority support for dotUSD. This asset adopts a collateral model similar to Liquity, aiming to ultimately convert stablecoin demand into demand for DOT.In terms of platform design, it will be compatible with existing parachain infrastructure and emphasize user experiences such as Freemium model, mobile-first, self-custody, privacy protection, and no-login features. Currently, the proposal is still in the governance preparation stage.

According to Bloomberg, the fintech company OPay Digital Services Ltd., backed by SoftBank, plans to raise approximately $500 million through an IPO in New York and a private placement.Sources revealed that the financing includes about $200 million in a concurrent private placement, with Standard Bank Group as the investor. As the information has not yet been made public, the sources requested anonymity.OPay primarily provides services such as mobile payments and digital finance. If the plan to go public in the U.S. proceeds, it will become another company supported by SoftBank seeking to raise funds in the public capital markets.

According to PRNewswire, Ethereum treasury company Bitmine Immersion Technologies disclosed an increase of 12,532 ETH last week. Currently, the company's cryptocurrency holdings include 6,028,946 ETH, 214 BTC, equity in Eightco Holdings worth 85 million yuan, and shares in Beast Industries valued at 180 million dollars.Currently, Bitmine has staked 5,067,309 ETH (worth approximately 12.9 billion dollars).

According to GlobeNewswire, the Nasdaq-listed Solana treasury company DeFi Development (DFDV) disclosed that it increased its holdings by approximately 22,070 SOL last week, bringing its total holdings to about 2.5862 million, valued at approximately $302 million.The company stated that since the announcement of its second-quarter financial report on August 12, its SOL and equivalent asset reserves have grown by about 12%. Additionally, the recently established $300 million over-the-counter issuance plan (CHAD ATM) will provide an additional source of funding for the continued expansion of SOL reserves in the future.

According to on-chain analyst Yu Jin's monitoring, the NASDAQ-listed SOL treasury company SkyAI (SKYA) is liquidating its SOL reserves. About half an hour ago, the company transferred 211,623 SOL to Coinbase Prime.SKYA announced yesterday that it has recently sold approximately 1 million SOL. Including the approximately 211,600 SOL transferred to the trading platform today, the company is expected to have sold a total of about 1.25 million SOL in the past 5 days, valued at approximately 138 million dollars at current prices.According to the company's announcement, this sale of SOL reserves is to repurchase 95% of its issued shares.

According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has proposed to expand the regulatory scope of Contracts for Difference (CFD) to include derivatives settled using digital assets.ASIC aims to add contracts settled through the transfer of digital assets to its definition of CFDs, rather than being limited to contracts settled in cash or offset transactions, provided that these contracts meet other identification criteria for CFDs. If the proposal is approved, Australian traders using crypto-settled CFDs will receive the same protections as cash-settled CFD traders.ASIC has made it clear that certain cryptocurrency futures and options with fixed expiration dates will remain outside this framework. CFDs allow traders to speculate on price fluctuations without holding the underlying asset. The current framework implemented in Australia since 2021 includes safeguards such as leverage limits, mandatory margin calls, and negative balance protection, which limits customer losses to the funds within their CFD trading accounts.ASIC is seeking feedback from the industry and stakeholders on the proposed expansion and revisions, with a deadline of November 9. This move comes as Australia strengthens its broader regulatory framework for digital assets.In April of this year, Australia legislated to include cryptocurrency exchanges and tokenized custody platforms within its financial services licensing framework, with the new system set to take effect on April 9, 2027. ASIC has also required crypto companies relying on temporary enforcement exemptions under existing financial services laws to apply for licenses or seek changes to existing licenses by September 30.

Bybit announced the launch of stock trading, allowing users to directly trade U.S. stocks and ETFs on the platform. Bybit stated that it has over 80 million global users, and this service is supported by the brokerage infrastructure provider Alpaca.Eligible Bybit users can invest in over 1,000 U.S.-listed stocks and ETFs, with some eligible securities supporting fractional shares, and various trading strategies can be used in both traditional markets and digital asset markets. Trading covers U.S. pre-market, regular, and after-hours sessions, available 5 days a week, 24 hours a day.

When discussing the reasons for acquiring the AI programming company Cursor, Musk stated that to create truly outstanding superintelligence, a large amount of training data is required, and programming must be conquered.Musk mentioned that, to his knowledge, there are only three organizations with sufficient programming training data: OpenAI, Anthropic, and Cursor, with Google barely making the list. Musk's SpaceX completed the acquisition of Cursor on August 14, with a transaction price of approximately 60 billion dollars.

Ontology announced that the investigation into the security incident of the ecological project has concluded, and its mainnet has resumed block production and returned to normal operation. The core infrastructure of the Ontology network remains secure, and there has been no loss of funds on the network itself.The previous suspension of block production was a precautionary measure taken in collaboration with consensus nodes, aimed at facilitating the investigation and reducing potential risks.

Bitget's Head of Greater China, Xie Jiayin, shared his thoughts on attending Token2049 in Singapore on Twitter.First, users are becoming increasingly professional and are starting to redefine products. The demand for options, strategy squares, and other tools that enhance capital efficiency is being proposed by users. For institutions, the improvement in capital efficiency brought about by tokenization is a core demand.Second, the bubble is clearing, and projects are beginning to de-tokenize. They are no longer solely relying on issuing tokens for marketing but are instead creating real value through payment, asset management, and brokerage services.Third, the industry is welcoming a clear regulatory framework, which will inevitably bring short-term pain. In the long run, compliance and institutionalization will drive the industry to mature into a robust financial infrastructure.

According to foreign media reports, at a forum held by DBS Bank on Monday, Jensen Huang stated that the performance of Chinese AI models (including DeepSeek, Kimi, and GLM) has already been outstanding.Jensen Huang claimed that he is a staunch supporter of open source, stating that open source is the best way to drive efficiency improvements, and the market will determine which models are most suitable for different application scenarios. He also mentioned that quantum computing may enter mainstream applications within the next 3 to 5 years, and software will play an important role in promoting the efficient use of related infrastructure.

According to Solid Intel, Kraken's parent company Payward has obtained full regulatory approval from the Dubai Virtual Assets Regulatory Authority (VARA). Kraken plans to launch in the UAE and support deposits and withdrawals in UAE Dirhams.Previously, Payward received preliminary approval for a VARA brokerage and investment management license in May 2026.

The Q3 earnings season for U.S. stocks kicks off this week. According to Zacks data, the year-on-year earnings growth for S&P 500 constituents is expected to reach 24.3%, marking the eighth consecutive quarter of double-digit growth, with the technology sector expected to grow by 43.3%, being a major contributor.The AI narrative has entered its fourth year, and investors are shifting their focus to evidence of stable profit growth. If companies fail to meet market expectations, stocks that previously rose due to AI prospects may face greater downward pressure. The earnings release dates for major tech companies include: SML on October 14, TSMC on October 15, Netflix on October 20, Tesla on October 21, Western Digital on October 22, SK Hynix on October 27, Alphabet and Microsoft on October 28, Intel, Amazon, and SanDisk on October 29, Kioxia on October 30. In November, Apple and Palantir on November 2, AMD and SpaceX on November 3, Meta and Arm on November 4, Cisco on November 11, Applied Materials on November 12, NVIDIA on November 18, Dell on November 24. On December 1, Marvell and CrowdStrike will release their earnings. The above dates are forecasts, and the actual disclosure times may be adjusted.

SkyAI (SKYA), a subsidiary of Solana, announced plans to initiate a cash tender offer to acquire up to 95% of its issued common stock and warrants at a price of $3 per share. The tender offer involves a maximum of approximately 46.4 million shares of common stock and about 20.7 million warrants, with a total maximum acquisition amount of approximately $201 million.The company expects to use existing cash and funds from the sale of its Solana assets to pay for the acquisition. SkyAI stated that the tender offer is expected to launch on Thursday and will last for 10 business days, but it may be postponed or terminated early. Additionally, the SkyAI board has rejected a non-binding all-stock acquisition proposal made by Forward Industries (FWDI). The proposal aimed to exchange 0.306 shares of Forward Industries stock for each share of SkyAI stock, but the SkyAI board believes that the exchange ratio undervalues the company.

According to on-chain data platform SolanaFloor (@SolanaFloor), in the past 7 days, Circle minted approximately 3.5 billion USDC on Solana.