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According to the Financial Times, the European Union is considering implementing a universal tax measure targeting large enterprises to tax major American technology companies. This move aims to increase revenue for the EU while avoiding a strong backlash from the Trump administration.

Hyperliquid founder Jeff Yan stated in a discussion at TOKEN2049 in Singapore that in July this year, the HIP-3 market contributed about 51% of Hyperliquid's trading volume at one point, reflecting a significant product-market fit in the related market. He mentioned that users are willing to migrate from existing financial products and try new on-chain markets, indicating a substantial gap in product supply previously and demonstrating users' trust in the execution capabilities of the relevant deployers.The discussion mentioned that perpetual contracts for real-world assets such as crude oil and Pre-IPO have become important application directions for HIP-3. Jeff Yan noted that one of the more concerning changes over the past year is that more markets are allowing users to participate in trading opportunities that were previously inaccessible. He believes that in traditional finance, some assets are often only accessible to a few people in the early stages, and by the time they are open to the public, the main growth phase may have already been captured by a few with access advantages. The financial system should be as open as possible to a broader range of users.Jeff Yan also stated that Hyperliquid hopes to become an open protocol and infrastructure for various financial products and applications rather than directly competing with front-end platforms. Builder Codes allow developers to create mobile applications, institutional trading terminals, and other products without having to build their own underlying systems for matching, clearing, etc., and directly connect to Hyperliquid's market and liquidity. He said, "No one is competing with the internet," and Hyperliquid is similarly more like a layer of infrastructure that can be adopted by different companies.

According to the market intelligence platform Liquid24/7.xyz, the current price of ETH is approximately $2,610.05. Binance's perpetual near-end buy orders are about $71.1371 million, sell orders are about $61.4986 million, with a net buy of approximately $9.6385 million; Binance's spot buy orders are about $8.554 million, sell orders are about $7.2989 million, with a net buy of approximately $1.2551 million; Coinbase's spot buy orders are about $14.0431 million, sell orders are about $12.8971 million, with a net buy of approximately $1.146 million.OKX's perpetual buy orders are about $21.095 million, sell orders are about $19.0131 million, Hyperliquid's perpetual buy orders are about $12.6591 million, sell orders are about $11.94 million. Overall, Binance's perpetual buy order thickness is significantly higher than other venues, and buy orders are generally thicker than sell orders. If there is a pullback in the short term, the order volume on the Binance perpetual side is relatively more concentrated.

According to Coinglass data, if BTC breaks through 88,244 USD, the cumulative short liquidation intensity on major CEXs will reach 2.559 billion USD. Conversely, if BTC falls below 80,412 USD, the cumulative long liquidation intensity on major CEXs will reach 758 million USD.

CFTC Chairman Michael Selig stated in an interview with CNBC yesterday that under its proposed rules, only federally regulated cryptocurrency trading platforms will be able to offer leveraged trading. "States can only provide money transmission services, and the 100x leverage commonly seen outside the United States has never been allowed in the U.S., and this time will be no exception."Previously, the U.S. Commodity Futures Trading Commission (CFTC) proposed two new rules on Monday, aiming to establish a regulatory framework for U.S. cryptocurrency based on its authority to regulate leverage and margin trading, to fill the regulatory uncertainty left by Congress's failure to complete cryptocurrency legislation.

On October 6, the U.S. IRS released Revenue Procedure 2026-20, updating and replacing Revenue Procedure 2025-31 published in November 2025, clarifying that eligible investment trusts and grantor trusts can participate in PoS staking while retaining tax benefits.The IRS defines compliant staking as "property preservation activities," allowing trusts to remain on the passive side and retain their status as investment trusts and grantor trusts (IRC Sections 671 to 677). This safe harbor includes 14 requirements, including shares listed on national exchanges, holding only a single digital asset, assets held by qualified custodians, liquidity policies approved by the SEC, and not hoarding staking rewards. This guidance applies to tax years ending on or after November 10, 2025.

According to token unlocking data from the crypto asset data platform RootData, Enso will unlock approximately 3.07 million tokens at 0:00 Beijing time on October 14, valued at about 2.97 million US dollars.

According to Lookonchain monitoring, the ETH price has just fallen below $2,600. The trader at address 0xcbab had all of their long position of 3,728 ETH (worth approximately $9.85 million) liquidated in just 3 minutes.

Liquid Capital founder Yi Lihua stated that he has recently warned multiple times that the market may experience a correction. Currently, Bitcoin has not yet broken through the key support level, but altcoins have undergone a comprehensive correction. He pointed out that he previously predicted a correction might occur after Bitcoin rose to around $86,000 about a month ago.Yi Lihua stated that during a bull market trend, most of the time will also be in a consolidation phase, with only a small portion of the time experiencing rapid increases and normal corrections; there will not be a continuously rising bull market. He believes that even if this correction is significant, it is a normal phenomenon within the bull market trend and advises investors not to attempt to trade constantly or seize every opportunity.

According to the market intelligence platform Liquid24/7.xyz, Binance's perpetual ETH has about 10,114.56 buy orders at the price level of $2,650.00, with a nominal amount of approximately $26.8 million, retracting about 0.06% from the mid-price of approximately $2,651.47 at that time.The total buy orders at the near end amount to about $105 million, while the sell orders are about $60.12 million, resulting in a net buy of approximately $45.37 million, accounting for 27.40% of the total depth. This buy order is particularly prominent among the near-end buy orders.

According to SoSoValue data, yesterday (Eastern Time October 6), the total net inflow of XRP spot ETF was $3.1404 million.Among them, Bitwise XRP ETF (XRP) had a net inflow of $10.5514 million in a single day, with a historical total net inflow of $688 million. Franklin XRP ETF (XRPZ) had a net outflow of $4.0702 million in a single day, with a historical total net inflow of $501 million.As of the time of writing, the total net asset value of the XRP spot ETF is $1.697 billion, with an XRP net asset ratio of 1.79%, and the historical cumulative net inflow has reached $1.794 billion.

According to monitoring by Lookonchain, Pump.fun sold 102,495 SOL again 8 hours ago, worth approximately 12.41 million USD.As of now, Pump.fun has sold a total of 5,347,925 SOL (total value approximately 861.47 million USD), with an average selling price of 161 USD.

According to the market intelligence platform Liquid24/7.xyz, Coinbase's spot BTC has approximately 70.96 sell orders at the price level of $85,902, with a nominal value of about $6.1 million, which is about 0.43% above the mid-price of approximately $85,537 at that time.The total buy orders at the near-end market amount to approximately $22.5864 million, while sell orders are about $26.7876 million, resulting in a net sell order surplus of approximately $4.2012 million, accounting for 8.51% of the total depth.

According to Catcher Predict monitoring, the "Next French Presidential Election" event is currently among the hottest trades on the prediction market Polymarket, with a cumulative funding pool size reaching 1.461 billion dollars. The option with the highest market consensus is "Marine Le Pen," with a corresponding winning probability of approximately 43.25%.

According to the Financial Times, SpaceX plans to raise $40 billion through Apollo-led financing to procure Nvidia chips.

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.

According to The Defiant, Onyx transferred 620 million XCN tokens. This transfer executed a migration proposal that Onyx had previously publicly promoted. After the transfer, only about 1.89 million XCN remained in its Ethereum treasury contract.This large transfer occurred at the same time Blockaid issued a vulnerability alert.

Bitcoin early contributor and cypherpunk Amir Taaki stated on X that he was deported after being questioned by Singapore police for 6 hours about "the work I am engaged in." The British-Iranian programmer claims that he has been in trouble with several countries since he went to Syria to fight alongside the Kurdish People's Protection Units years ago.Taaki mentioned that in the past year alone, he has been deported from Argentina and Mexico, and detained in Serbia and Japan. He stated that every time he encounters such situations, he asks for the reasons, but the authorities always claim it is just a random check, never providing specific reasons for his detention or questioning. "I am on a list, but I can't find any information about which country is sanctioning me."Taaki has long focused on Bitcoin privacy, being one of the first to implement CoinJoin and stealth addresses, creating libbitcoin, founding the UK's first Bitcoin exchange, and writing BIP 0001, which established the Bitcoin Improvement Proposal process. He is currently developing the crypto privacy protocol DarkFi.

Bitcoin News posted on platform X that the SEC has approved the listing of the 3x Bitcoin ETF launched by Cboe BZX under Volatility Shares, which aims to track 3 times the daily volatility of the Bitcoin futures benchmark.When Bitcoin futures rise by 1%, the fund aims for a pre-fee profit of 3%; when it falls by 1%, the target is a loss of 3%. This ETF still needs to wait for the registration statement to take effect before it can be traded, and the fund holds Bitcoin futures rather than Bitcoin spot.