Today's news tips:
1. Due to the US government shutdown, the September non-farm payroll report was not released on time.
2. The US Senate rejected the bipartisan temporary appropriations bill, and the government shutdown continued
3. Coinbase and Samsung have reached a cooperation agreement to provide encryption services to more than 75 million Galaxy users in the United States
4. Shibarium plans to restart the Ethereum cross-chain bridge and develop a compensation plan
5. Everlyn AI (LYN) will be listed on Binance Alpha and Binance Futures
6. Market News: MetaMask will launch a points program, points can be exchanged for token rewards
7. Tether is seeking to raise $200 million for a DAT to stockpile tokenized gold product XAUT
Figure, Kraken, and others raise over $3.3 billion in crypto funding in September
Macro
Due to the US government shutdown, the September non-farm payroll report was not released on time.
The U.S. September non-farm payroll report, originally scheduled for release at 8:30 PM Beijing time, has been delayed due to the ongoing U.S. government shutdown. The Bureau of Labor Statistics, which is responsible for publishing the data, has suspended operations.
According to the Crypto In America newsletter, the ongoing U.S. government shutdown has affected the normal operations of the U.S. Securities and Exchange Commission (SEC), including the approval process for highly anticipated spot ETFs such as Litecoin (LTC), Solana (SOL) and XRP.
The report pointed out that during the government shutdown, the SEC can still handle market emergencies, but routine filing and approval work such as ETF approvals will be slowed down or suspended. Eric Balchunas, senior ETF analyst at Bloomberg, likened this situation to a "rain delay."
The US Senate rejected a bipartisan temporary funding bill, and the government shutdown continued
According to CCTV News, the U.S. Senate voted on a temporary funding bill proposed by Democrats on October 3rd local time, ultimately failing to pass the bill by a vote of 46 to 52. Subsequently, a temporary funding bill proposed by Republicans also failed to secure sufficient votes for passage. The federal government shutdown will continue. At midnight local time on October 1st, the U.S. federal government shut down due to a lack of funding. This is the first federal government shutdown in nearly seven years.
The three major U.S. stock indexes closed mixed, with Coinbase up 2.14% and Circle down 2.63%.
According to Cailian Press, the three major U.S. stock indices closed mixed. The Dow Jones Industrial Average rose 0.51%, bringing its weekly gain to 1.1%. The Nasdaq Composite fell 0.28%, bringing its weekly gain to 1.32%. The S&P 500 rose 0.01%, bringing its weekly gain to 1.09%. Coinbase (COIN) rose 2.14%, Strategy (MSTR) fell 0.20%, and Circle (CRCL) fell 2.63%.
According to The Block, cryptocurrency exchange Coinbase (ticker: COIN) announced in a statement that it is applying for a national trust company charter from the Office of the Comptroller of the Currency (OCC). Greg Tusar, Coinbase's Vice President of Institutional Products, stated in the statement, "An OCC charter will simplify oversight of new products and foster continued innovation in integrating digital assets into traditional finance. We are not the first cryptocurrency company to apply for a federal charter, nor will we be the last." Tusar stated that Coinbase has no intention of becoming a bank. Paxos, BitGo, Ripple, and Circle have also applied for banking charters from the OCC in response to the Trump administration's crypto-friendly regulatory environment.
A US judge has dismissed an investor's lawsuit against Web3 company Yuga Labs, ruling that the case failed to prove that NFTs meet the legal definition of securities.
Judge Fernando M. Olguin ruled that the plaintiffs failed to demonstrate how Bored Ape Yacht Club (BAYC), ApeCoin, or other NFTs sold by Yuga met the three conditions of the Howey test. The Howey test is the standard used by the U.S. SEC to determine whether a transaction constitutes an investment contract. The lawsuit was originally filed in 2022.
Olguin said Yuga Labs marketed its NFTs as digital collectibles and offered membership benefits to an exclusive club, making them consumer products rather than investment contracts. “The defendants’ promises that NFTs would generate future, rather than immediate, consumer benefits do not transform those benefits from being consumer products to being investments.”
Viewpoint
Changpeng Zhao: I saw at least two innovative memes in the past week, but didn’t buy them.
In response to the community's recent discussion about the unusually active meme coins on BNB Chain, Binance founder CZ posted a message on the X platform. He denied the existence of a so-called "Binance cartel" and stated that this was not manipulated by a group, but rather a reflection of "community activity."
The response stemmed from a tweet by crypto influencer @0xUnihax0r, which claimed that the “Binance Cartel” created a meme coin with a market capitalization of $100 million in 48 hours, while no new token on the Solana chain had a market capitalization of more than $1 million in the same 24 hours.
CZ added that he had seen at least two innovative meme projects in the past week, while stating that he had not purchased any related tokens.
Ethereum co-founder Vitalik Buterin said in a discussion with community members on the X platform today that he actually agrees with the view that the Ethereum protocol should be "gradually ossified."
Vitalik explained that he supports a more cautious approach to major changes to the protocol after completing tasks such as "short-term scaling, streamlining Ethereum, and cleaning up technical debt."
However, he disagrees with achieving this goal by restricting the inner circle, but believes that the solution lies in "expanding and balancing core research and development."
Nate Geraci: More than 30 cryptocurrency ETFs submitted applications to the US SEC yesterday
Nate Geraci, president of investment advisory firm NovaDius Wealth Management, tweeted that more than 30 cryptocurrency-related ETFs filed applications with the U.S. Securities and Exchange Commission yesterday. He predicted that this is just the beginning, saying that "any cryptocurrency ETF you can think of will file with the SEC in the coming months."
Project News
Coinbase partners with Samsung to bring crypto services to over 75 million US Galaxy users
Cryptocurrency exchange Coinbase has announced a partnership with Samsung to bring crypto services to tens of millions of Samsung Galaxy smartphone users. Starting today, over 75 million US Samsung Galaxy users will have exclusive access to Coinbase One membership through the Samsung Wallet app.
Binance will launch Morpho (MORPHO) investment, margin trading, one-click coin purchase, and instant swap features at 11:00 PM on October 3, 2025. Users can apply for MORPHO through Binance's principal-guaranteed coin platform, purchase MORPHO with a credit/debit card, Google Pay, or Apple Pay, or redeem MORPHO fee-free on the instant swap platform. Margin trading will include new MORPHO loanable assets and MORPHO/USDT and MORPHO/USDC trading pairs.
Shibarium plans to restart the Ethereum cross-chain bridge and develop a compensation plan
Shibarium developers say they are preparing to restart the platform's Ethereum cross-chain bridge and are developing a compensation plan to compensate users for losses caused by a vulnerability that triggered an emergency shutdown earlier this month. The team's latest post-mortem analysis states that all validator keys have been rotated, over 100 ecosystem contracts have been migrated to secure wallets, and 4.6 million BONE tokens were recovered from the attacker's contracts in the days following the attack.
According to a community update on September 17th, attackers stole approximately $4.1 million in ETH, SHIB, and 15 other tokens from the bridge. Shortly after the attack was discovered, Shibarium developer Kaal Dhairya stated on X that they had contacted the relevant authorities, but the team was willing to negotiate with the attacker in "good faith" and offered a 50 ETH reward, worth approximately $225,000 at the time, if the attacker returned the stolen funds.
FTX tweeted a warning to users to be wary of phishing emails that appear to be from Kroll or FTX Recovery Trust, as well as websites that resemble the FTX customer portal. FTX emphasized that it will not officially require users to connect their wallets.
Some users claim FTX sent fake compensation emails, mentioning that generating XPUB requires downloading a dangerous tool. In response, SlowMist Cosine stated that the malicious tool appears to have been assembled using AI, with a clear intent to steal mnemonics, but otherwise poses no other risks.
Market News: MetaMask will launch a points program, points can be exchanged for token rewards
According to Zoomer, Metamask will launch a points program to reward points for Swap and bridging, and the points can be exchanged for token rewards.
Everlyn AI (LYN) to be Listed on Binance Alpha and Binance Futures
According to the official announcement, Binance Alpha will launch and open trading for Everlyn AI (LYN) at 3:00 PM (GMT+8) on October 6th. Additionally, Binance Futures will launch LYNUSDT perpetual contracts at 3:30 PM (GMT+8) on October 6th, with a maximum leverage of 50x. All eligible Binance users will receive an exclusive Binance token airdrop. Eligible users can claim the airdrop using Binance Alpha Points from 3:00 PM (GMT+8) on October 6th to 3:00 PM (GMT+8) on October 7th via the Binance Alpha event page.
Important data
WLFI recently sold tokens to Hut8 at $0.25
The Trump family's crypto project, WLFI, tweeted that it recently sold tokens to Hut8 at $0.25 per token for its funding pool. The tokens locked in the WLFI funding pool were used solely to fund this sale and were not used for additional issuance or dilution.
The Ethereum Foundation has sold a total of 21,000 ETH in the past three months
According to on-chain analyst Ember, the Ethereum Foundation's DeFi multi-signature wallet sold 1,000 ETH for 4.508 million DAI in the past seven hours, selling for $4,508. The Ethereum Foundation has sold 21,000 ETH worth $72.94 million in the past three months.
- On July 11, 10,000 ETH ($25.73 million) was sold to SharpLink over the counter at $2,572.
- On September 3, 10,000 ETH (US$42.7 million) was transferred to Kraken for sale;
- On October 4, 1,000 ETH ($4.51 million) was sold on-chain for $4,508.
Earlier news reported that the Ethereum Foundation plans to convert 1,000 ETH into stablecoins to fund research, grants and donation projects.
According to SoSoValue data, yesterday (October 3rd, Eastern Time), the total net inflow of Bitcoin spot ETFs was US$985 million.
The Bitcoin spot ETF with the largest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of US$792 million. Currently, the total historical net inflow of IBIT has reached US$62.635 billion.
The second is Fidelity ETF FBTC, with a single-day net inflow of US$69.5805 million. Currently, the total historical net inflow of FBTC has reached US$12.616 billion.
As of press time, the total net asset value of the Bitcoin spot ETF was US$164.497 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 6.74%, and the historical cumulative net inflow has reached US$60.055 billion.
According to SoSoValue data, yesterday (October 3rd, Eastern Time), the total net inflow of Ethereum spot ETF was US$234 million.
The Ethereum spot ETF with the largest single-day net inflow yesterday was Blackrock's ETF ETHA, with a single-day net inflow of US$207 million. Currently, ETHA's total historical net inflow has reached US$13.85 billion.
The second is Grayscale Ethereum Mini Trust ETF ETH, with a single-day net inflow of US$17.8795 million. The current historical total net inflow of ETH has reached US$1.519 billion.
As of press time, the total net asset value of the Ethereum spot ETF was US$30.567 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 5.58%, and the historical cumulative net inflow has reached US$14.420 billion.
Financing/Acquisition
According to DeFiLlama data, a total of 77 cryptocurrency companies raised more than $3.3 billion in funding in September. This brings the total funding so far in 2025 to over $17 billion, which is more than $7 billion higher than the entire year of 2024.
Several large financings in September include:
Figure Technology : Raised $787.5 million in its Nasdaq debut.
Kraken : Completed $500 million in financing.
Rapyd : Completed a US$500 million Series F financing round with participation from BlackRock, Fidelity and others.
Tether is seeking to raise $200 million for a DAT to stockpile tokenized gold product XAUT
According to Bloomberg, stablecoin issuer Tether and its existing partners are seeking to raise at least $200 million for a digital asset finance company that will acquire Tether's XAUt token. Sources familiar with the matter revealed that Tether and Antalpha Platform Holding, a Singapore-based financial services company, are leading a fundraising effort to raise at least $200 million for the DAT. "If successful, the platform will use the funds to accumulate Tether's gold-backed token, XAUt." Antalpha Platform is a strategic partner of Bitmain.
