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According to on-chain information, shortly after the shutdown announcement of Abstract, a newly created address withdrew 1 million USD from Kraken and then quickly bought 25 Pudgy Penguins NFTs on the market. As of the time of writing, the wallet still holds ETH worth 766,000 USD.As of the time of writing, the floor price for Pudgy Penguins NFTs is reported at 3.3 ETH, with a 24-hour increase of 6.8%.Pudgy Penguins CEO Luca Netz stated that Abstract is gradually shutting down, and its parent company Igloo Inc. will now focus all its efforts on the development of Pudgy Penguins, Pudgy NFTs, and PENGU.

The prediction market platform Kalshi launched its 15-minute gold contract in August, generating an estimated fee of approximately 5 million dollars in September, nearly double the 2.6 million dollars from Ethereum contracts during the same period. According to Predict Charts data, the gold contract had a trading volume of 542 million contracts that month, surpassing Ethereum's 318 million contracts. Bitcoin remains the dominant market, with estimated fees reaching 60.4 million dollars.The growth of the short-term gold market accompanies the overall expansion of Kalshi's commodities business. The company stated in September that commodity trading volume reached 400 million dollars within seven months, more than four times the trading volume generated by its crypto market in the same period. Kalshi noted that the crypto market demonstrated the potential for new categories on the platform to grow from tens of millions of dollars to billions of dollars in monthly trading volume. Data shows that the 15-minute Bitcoin contract, which will launch in December 2025, became Kalshi's largest market series outside of parlay bets in July; the 15-minute Ethereum contract grew from 6.1 million contracts to 233 million contracts between January and July 2026.The short-term financial market is taking up a larger share of Kalshi's business. Analysis released by InGame shows that in the seven days ending October 5, the 15-minute crypto, commodities, and financial markets generated 20.4 million dollars in fees, accounting for 80% of the platform's non-sports fees during the same period. The analysis also found that the short-term market contributed 13% of Kalshi's trading volume but accounted for 20% of the fees.

Ferrari NV tokenized stock RACE has been launched on Solana through the Sunrise Asset Gateway, with Backpack Securities acting as the issuer. Each RACE is backed 1:1 by a share of actual Ferrari stock held in regulated custody, and holders can redeem it for traditional stock equity through Backpack Securities.The token supports trading venues such as Phantom, Jupiter, and Raydium, offering round-the-clock trading and participation in dividends and corporate actions. Backpack plans to expand the number of tokenized stock codes on Solana from about 200 to 10,000.

NFT and IP company Igloo, Inc. announced the shutdown of its consumer-grade blockchain Abstract, reallocating personnel and resources to Pudgy Penguins, Pudgy NFT, and the token PENGU.Igloo stated that the goal of Abstract was to create a public chain for consumer scenarios, and the company invested engineering and ecological talent and infrastructure for this purpose. Its growth was constrained by the high operational costs of independent blockchain, limited liquidity, a weak DeFi ecosystem, and declining market interest. Over the past two years, Igloo has lost tens of millions of dollars to maintain Abstract's operations, expand, and seek product-market fit and profitability.The company stated that after even well-funded enterprises struggled to find product-market fit for their own blockchain, shutting down Abstract became the right decision. Moving forward, they will refine the brand path from products and content to PENGU, and then to Pudgy Penguins NFT, refocusing on this role as an IP.

The American compliance prediction market platform Kalshi has launched the US 500 perpetual futures contract, which has no expiration date, utilizes a daily funding fee payment mechanism, and uses futures account assets as collateral.According to The Defiant, Kalshi displayed a maximum leverage of 15.3 times on the day of the launch.

On Tuesday, Coinbase added short-term up-and-down contracts to its prediction market, covering Bitcoin, Ethereum, and 8 other tokens, allowing for bets on crypto price direction at 15-minute and hourly intervals.These contracts are listed by the prediction market platform Kalshi, which previously operated the same 15-minute market on its own exchange.

The consumer-grade Ethereum Layer 2 network Abstract, supported by Pudgy Penguins' parent company Igloo Inc., announced that it will gradually cease operations and officially shut down its mainnet on December 15, 2026. The official reasons given are stagnation in growth, thin liquidity, limitations in the DeFi ecosystem, and insufficient institutional adoption. Abstract warns users that they must transfer their assets across chains before the shutdown date, or they may lose access to their funds.Abstract stated that the network has deployed over 144 applications and has attracted more than 400,000 users through consumer-grade collaborations with brands such as Red Bull Racing and Disney. However, significant changes have occurred in the industry since the project's conception, and the independent chain model focused on consumer-grade crypto has ultimately proven difficult to sustain. Igloo has continuously funded Abstract for the past 18 months, with CEO Luca Netz revealing that cumulative losses have reached tens of millions of dollars. Igloo is now redirecting resources towards Pudgy Penguins and PENGU.In July 2024, Igloo completed a financing round of over $11 million led by Founders Fund, aimed at developing Abstract and leveraging Pudgy Penguins' distribution capabilities to bring consumers on-chain. The network launched its mainnet in January 2025. Netz stated that Igloo ultimately decided not to issue Abstract tokens and would not continue funding the network at the expense of Pudgy Penguins' business.

Aptos Labs announced the launch of MonoMove, which is the largest proposed upgrade in the history of the Aptos blockchain execution engine. Aptos Labs stated that internal testing shows that MonoMove can run smart contracts up to 55 times faster than existing systems.On its fully incubated on-chain trading platform Decibel, the speed of collateral withdrawal is increased by up to 55 times, and the order placement speed is increased by up to 22 times.

Rupert Harrison, a senior advisor at the global large bond investment institution Pinhao, stated that after a significant increase in U.S. Treasury yields recently, they are now at a level with high investment value. This week, the yields on 10-year and 30-year U.S. Treasuries both reached a 24-year high, mainly due to market concerns about inflation and high fiscal deficits.

According to the official announcement, the Binance Futures platform will launch multiple USDT-denominated perpetual contracts on October 6, including USDEXUSDT, VKTXUSDT, MCDUSDT, and AKAMUSDT. The specific launch times are 17:00, 17:05, 17:10, and 17:15, with a maximum leverage of up to 20 times.

Yesterday, B.AI launched the Token2049 online interactive challenge, inviting users to pick their favorite AI assistant from popular models like GPT, Claude, and Grok. Participants need to follow @BAI_AGI and like, quote, and retweet the post, log in to B.AI to generate a personal invitation link, then write down their favorite AI model, a recommendation for friends, and the invitation link in the comments, tagging 3 friends and including #BAIinToken2049 to participate.The event runs from October 5 to October 11, with 4 awards for the best recommendation (B.AI Mid-Autumn Festival selection gift box) and 26 lucky draw prizes (B.AI random lucky merchandise), totaling 30 limited edition gifts. Who will you vote for? Come to the comments and reveal your pick, include #BAIinToken2049, and win great prizes with your AI partner------Token2049 will officially open tomorrow, with more surprises to be revealed on-site.

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.

X-Agent officially announced the award results of the X-Agent AI MCP Hackathon 2026. This hackathon featured two main tracks: Open Innovation and the OlaXBT × X-Agent Trading Challenge. The champions of each track will receive 500 USDT + 15,000 X-Points, and the Top 5 teams from both tracks will also receive corresponding X-Points rewards based on their final rankings.Among them, Sumplus Model Desk won the championship in the Open Innovation track, while Strategy Increment won the championship in the OlaXBT × X-Agent Trading Challenge track. The total rewards for this event reached 1,000 USDT + 100,000 X-Points.It is noteworthy that X-Points, as an important record mechanism for contributions and participation in the X-Agent ecosystem, is expected to provide opportunities for token airdrop rewards in the future, further enhancing the potential value of the Hackathon rewards.X-Agent stated that all winning teams will receive further notifications via GitHub. Through this Hackathon, X-Agent will continue to promote developers in advancing real AI capabilities from the validation stage to MCP productization, Agent distribution, and commercialization.

According to CNBC, U.S. Democratic Congressman Don Davis proposed the "No Betting on Your Own Race Act," which aims to prohibit federal office candidates from trading prediction market contracts related to their own election results.Under the bill, violators will be fined at least $10,000 or three times the net profits from the related trades, whichever is higher. Before this proposal was introduced, Davis's Republican opponent in North Carolina's 1st Congressional District, Laurie Buckhout, was fined nearly $2,600 for trading Kalshi contracts related to her candidacy and was suspended from trading on Kalshi for three years.

According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) has issued a "no-action" exemption, allowing designated contract markets (DCM) to convert certain existing contracts that essentially possess the characteristics of perpetual contracts into "true" perpetual contracts with no expiration date.This exemption is effective until October 20. Exchanges must consult with holders of open positions before the conversion, provide advance notice, and offer them an opportunity to exit, while also providing risk disclosures.

According to the official announcement, Gate has launched the AGENCY perpetual contract (settled in USDT), supporting 1-10x leverage, and has simultaneously launched the AGENCY trading bot and Order Tracking feature.AGENCY (Agency) is a Launchpad on Solana equipped with AI agents and automated vaults for launching tokens.

Morgan Stanley strategists stated that since early summer, U.S. stock valuations have significantly declined, and the investment attractiveness of certain market sectors is increasing. The team led by Michael Wilson pointed out that the capital goods sector is particularly prominent, with upward revisions in earnings expectations ranking among the top.Analysts expect that the earnings of S&P 500 constituent stocks will grow by 25% year-on-year in the third quarter.

According to Hyperliquid Daily, Bloomberg Terminal now supports users to monitor Hyperliquid perpetual contract prices around the clock by entering WSL HYPE , covering various assets such as cryptocurrencies, stocks, commodities, foreign exchange, and indices.Institutional users can compare Hyperliquid prices with Bloomberg reference prices for BTC, NVDA, S&P 500, Brent crude oil, and EUR/USD exchange rates without leaving their existing workflows.This integration does not currently support trade execution, but it marks Hyperliquid's official entry into the institutional price reference system, helping to enhance its market visibility and credibility, and is seen as an important step for on-chain markets to integrate into institutional workflows.

OKX CEO Star responded to community questions regarding the deployment of the OKXICE tokenized stock trading platform, stating that the TSV DEX contract is planned to be deployed on X Layer.ChainCatcher previously reported that, according to Bloomberg, OKX has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform, becoming one of the first major cryptocurrency exchanges to utilize the new U.S. regulations allowing digital versions of publicly traded company stocks to be traded on crypto platforms.The joint venture OKX ICE LLC, established by OKX and the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), plans to apply to provide tokenized stock trading services for 63 companies listed on the New York Stock Exchange. According to the SEC's new framework, the relevant issuers have 30 days to opt out, after which tokenized stock trading can commence.