Today's news tips:
YZi Labs announces $1 billion Builders Fund to support BNB ecosystem founders
Analyst: LTC, HBAR and other crypto ETFs are "close at hand" amid the US government shutdown
Bubblemaps: Over 100,000 on-chain traders purchased new Meme tokens, 70% of which have made a profit
Regulation & Policy
According to CoinDesk, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated at an event in Manhattan that the agency remains committed to establishing an "innovation exemption" for companies operating in the United States based on digital assets and other innovative technologies as soon as possible, perhaps by the end of this quarter. While the current government shutdown has hampered the SEC's ability to proceed with rulemaking, developing this exemption remains a top priority for the agency, with work scheduled for the end of this year or the first quarter of 2026. He stated that the agency intends to initiate rulemaking by the end of 2025 or the first quarter of 2026 and is confident of doing so. He added that formal rulemaking in the cryptocurrency sector would allow it to break free from the current regulatory model. During a Q&A session, he cited the exemption as one of the areas he hopes to finalize quickly as a way to welcome innovators to the United States. He also noted that the government shutdown has hindered work and has halted rulemaking. He also praised Congress's efforts to pass cryptocurrency legislation, mentioning the GENIUS Act but stating that the SEC did not play a major role in it.
Bank of England plans exemptions from proposed limits on corporate stablecoin holdings
According to Bloomberg, the Bank of England plans to exempt companies from proposed limits on stablecoin holdings, signaling a softening of its stance on crypto assets in the face of US competition. People familiar with the matter revealed that the Bank of England intends to exempt companies such as cryptocurrency exchanges that need to hold large amounts of stablecoins. It also intends to allow companies to use stablecoins for settlement in an experimental digital securities sandbox, suggesting that Governor Andrew Bailey's previously skeptical stance is easing. However, the Bank of England declined to comment. The digital payments industry is concerned that the UK will struggle to compete with the US Genius Act, and the Bank of England plans to set limits on stablecoin holdings for individuals and businesses, with a consultation document expected to outline this before the end of the year. Bailey had previously dismissed both stablecoin and digital pound projects, and this exemption is seen as a significant shift.
On September 30, the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) jointly issued a "Supplementary Joint Circular Regarding Virtual Asset-Related Activities of Intermediaries," updating the licensing or registration requirements for intermediaries. Based on market developments and industry feedback, the two authorities have optimized and relaxed some regulations and will subsequently issue guidance regarding designated stablecoin activities. First, intermediaries are permitted to provide staking services to their clients, but this must be done through separate accounts, such as licensed platforms, and with risk disclosure. Second, licensed corporations and registered institutions may offer off-platform trading services through licensed platforms. Third, it clarifies that clients subscribing to and redeeming investment products using virtual assets, or subscribing to or redeeming virtual asset funds in kind, will not be considered providing virtual asset trading services. Intermediaries are required to provide advance notice, maintain legally compliant holdings of virtual assets, and comply with anti-money laundering regulations. Fourth, the requirements for intermediaries to ensure clients have sufficient net worth and the requirement for intermediaries to provide risk disclosure statements to clients specifically for virtual asset futures contracts are clarified. These requirements do not apply to clients who are institutional professional investors or qualified corporate professional investors.
According to Jinshi, the New York Fed's one-year inflation forecast for the United States in September was 3.38%, compared with 3.20% in the previous month.
Fed Governor Milan: Neutral interest rate has fallen, which makes policy tighter
According to Jinshi, Federal Reserve Board Governor Milan said that the neutral interest rate has declined, which makes the policy tighter. If the monetary policy is not adjusted, there will be risks. He is more optimistic about the inflation outlook than many others, and there are risks in tight monetary policy.
Project News
Binance Alpha is the first platform to list the Pipe Network (PIPE). Trading on Alpha will begin at 22:00 (UTC+8) on October 8, 2025. Eligible Binance users can use Binance Alpha Points to claim an airdrop of 160 PIPE tokens within 24 hours of the start of trading on the Alpha event page. The Binance Alpha airdrop will be distributed in two phases: Phase 1 (first 18 hours): Users with at least 211 Alpha Points can claim. Phase 2 (last 6 hours): Users with at least 190 Alpha Points can participate in the second phase of the airdrop on a first-come, first-served basis. The score threshold will automatically decrease by 15 points every hour while the event lasts. Please note that claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will forfeit the airdrop.
Binance Alpha launched SLIMEX (SLX) at 3:00 PM today, with an airdrop threshold of 200 points .
YZi Labs announces $1 billion Builders Fund to support BNB ecosystem founders
According to official news, YZi Labs announced the establishment of a $1 billion Builder Fund to double down on support for the BNB ecosystem, especially founders on the BNB chain. By leveraging BNBChain's high-performance, low-cost infrastructure, builders can now access enhanced tools, funding, integrations, and an ecosystem of over 460 million users to drive real-world impact. The upcoming EASY Residency Season 2 in October: the final recruitment for the Most Valuable Builders (MVBs) dedicated to BNB-based innovations (trading, RWA, AI, DeSci, DeFi, payments, wallets). The second season of EASY Residency will expand its business to New York, San Francisco, Dubai, and Singapore, aiming to create a highly engaging and immersive product shipping environment for builders.
PancakeSwap disclosed on the X platform that its Chinese account @PancakeSwapzh has been compromised. Please refrain from clicking on any recent links or interacting with posts. The team is investigating and resolving this issue. Updates will only be shared through the official @PancakeSwap account. It is reported that the hacker promoted a meme coin called "Sir Pancake" (Jianbing Mr.) through @PancakeSwapzh earlier this morning. The related tweet has since been deleted.
Bybit announced that during a period of extreme market volatility at 20:23 (UTC) on October 6, 2025, SERAPHUSDT and other perpetual contracts experienced price deviations from the spot market. Following an internal investigation, Bybit confirmed that its system logic was operating normally. However, due to a significant decrease in liquidity, a divergence between spot and derivative prices occurred, resulting in significant price fluctuations. Some users may have been affected by over-the-counter (OTC) prices. Affected users are advised to contact Bybit's customer service team or account manager for assistance. Each case will be reviewed individually and responded to within 14 business days. Users can also submit a ticket via Live Chat or the web form.
Meteora Announces MET Token Economics: 48% of Supply Will Be Circulating at TGE
Meteora, the Solana ecosystem liquidity protocol, announced its MET token economics. 48% of the total supply will be circulating at the TGE. All allocated tokens will be liquid, with no vesting or inflation required. MET will become an investable asset with no ongoing unlocking. The Meteora team pledged not to sell any tokens during the TGE; only team tokens will be locked up. At the TGE, all stakeholder tokens will be unlocked: 20% to Mercurial stakeholders; 15% to Meteora users through the LP Incentive Program; 3% to the Launchpads and Launchpool ecosystem; 2% to off-chain contributors; 3% to the Jupiter Stakeholder Incentive Program, aimed at expanding core LPs tenfold, from the TGE reserve. 3% of MET will be earmarked for centralized exchanges, market makers, and other entities, making up the remainder of the TGE reserve; and 2% of MET will be earmarked for the M3M3 stakeholder package. The remaining allocations include: 18% to the team, vesting linearly over 6 years; and 34% to the Meteora Reserve, vesting linearly over 6 years. Expected inflation stems from team unlocking and potential liquidity incentives from the Meteora Reserve. 10% of TGE in circulation will be allocated according to user preferences through the liquidity allocator, and the community will provide liquidity and earn transaction fees.
Jia Yueting: I have never issued any Meme coins and have no plans to do so
Jia Yueting posted on the X platform that he recently noticed someone using his, FF's, or CXC10's names to publish information related to Meme coins. He, FF, and CXC10 have never issued any form of Meme coins and have no plans to do so.
S&P Launches Digital Markets 50 Index
S&P launches the Digital Markets 50 Index to support diversified investment exposure.
Musk: xAI will release full-scale AI-generated games by the end of 2026
According to Jinshi, Musk announced that xAI will release a "great" full-scale AI-generated game by the end of 2026.
Later in the day, Musk appointed Anthony Armstrong, a former Morgan Stanley executive, as CFO of both xAI and X Company .
Binance Alpha to List SLIMEX (SLX) on October 8th
Binance Alpha will officially list SLIMEX (SLX) on October 8th. Eligible users can redeem their Binance Alpha Points on the Alpha event page after trading opens. Detailed information will be announced later.
Bithumb to Add Anoma (XAN) Korean Won Trading Pair
Bithumb announced that it will add Anoma (XAN) to the Korean won trading pair, with trading starting at 9:00 PM on Tuesday, October 7, 2025.
Binance Alpha is now available on Binance Life
Financing News
Prediction market Polymarket published an announcement on the X platform, officially confirming that ICE, the parent company of the New York Stock Exchange, has made a $2 billion strategic investment in it at a post-investment valuation of $9 billion.
Later in the day, Polymarket CEO disclosed two previously undisclosed financing transactions totaling over US$200 million .
Institutional holdings
According to PRNewswire, Hyperscale Data, a NYSE American-listed company, announced that it will expand its Bitcoin treasury allocation to US$41 million, including current holdings and funds allocated for commitments to purchase Bitcoin. Its wholly-owned subsidiary Sentinum currently holds a total of 90.6144 Bitcoins (including 64.9118 Bitcoins acquired on the open market and approximately 25.7026 Bitcoins obtained from its Bitcoin mining business). It also allocated US$29.8 million in cash to purchase Bitcoin on the open market.
Nasdaq-listed company Prenetics currently holds 255.4 Bitcoins.
According to Globenewswire, Nasdaq-listed company Prenetics disclosed that its cash reserves have exceeded US$60 million, and its current Bitcoin holdings have reached 255.4. Since August 1, 2025, the company has been implementing a strategy of purchasing 1 Bitcoin per day, and all holdings are managed by Kraken.
Dogecoin Treasury Company CleanCore Solutions Discloses It Holds 710 Million DOGE
According to The Block, Dogecoin treasury company CleanCore Solutions disclosed that it holds 710 million DOGE, which is worth approximately US$188 million at the current price. Its goal is to hold 1 billion DOGE. It is reported that the company is waiting for the U.S. Securities and Exchange Commission to approve the registration application for a US$175 million private equity.
According to Bloomberg, people familiar with the matter revealed that Fight Fight Fight LLC, the startup that launched Trump's meme coin "TRUMP" days before his second presidential inauguration, is raising at least $200 million to establish a digital asset reserve company to store the struggling token. The funding round is reportedly targeting up to $1 billion. However, the deal is still in the works, and its completion remains uncertain. The establishment of a digital asset reserve company (DAT) for the meme coin is reportedly Fight Fight Fight's latest attempt to boost its price. The token plummeted shortly after its launch and has continued to slump since then. Data compiled by CoinGecko shows that the TRUMP token is currently trading at around $8, far below its high of $44 in January.
Analysis & Opinions
David Marcus, former president of PayPal and co-founder and CEO of Lightspark, posted on the X platform, "A reminder to the community: If Bitcoin were equal in value to gold, the price of one Bitcoin could reach $1.3 million. Bitcoin is already a superior store of value, and its payment utility hasn't yet been factored into its price. It's only a matter of time before its price breaks seven figures." It's reported that both gold and Bitcoin prices have recently hit record highs, likely driven by the continued US government shutdown and expectations of interest rate cuts.
Bridgewater Fund Co-CIO: Gold prices still have room to rise further
According to CNBC, Karen Karniol-Tambour, co-chief investment officer of Bridgewater Associates, said that the fund sees rich opportunities in areas such as gold and bonds that have not yet begun to be explored. Although the price of gold has risen sharply this year, Bridgewater Associates believes that its price has room to rise further because the price trend of gold reflects a world where central banks and other investors are increasingly seeking to hedge currency risks.
Analyst: LTC, HBAR and other crypto ETFs are "close at hand" amid the US government shutdown
According to The Block, Canary Capital filed an amended registration statement for its Canary HBAR ETF on Tuesday, disclosing key details. The fund will be listed under the ticker HBR and will have a 0.95% fee. The company is also developing a Litecoin ETF under the ticker LTCC, also with a 0.95% fee. Eric Balchunas, senior ETF analyst at Bloomberg, noted that these details are typically updated just before the launch. He wrote on X Platform, "While the US government shutdown makes the final outcome anyone can predict, I think the documents are quite complete. While the 0.95% fee is high compared to spot Bitcoin ETFs, it's not uncommon for ETFs in new and increasingly niche sectors to be considered." Bloomberg Intelligence analyst James Seyffart echoed this sentiment, stating, "It feels like the Litecoin and HBAR ETFs have reached the goal line and are on the verge of victory."
Analysis: Bitcoin dominance rate rebounds, market focus shifts back to mainstream assets
According to an analysis released today by Matrixport, since Bitcoin's strong breakout in June 2023, establishing a bull market, market discussion about an "alt season" has remained intense. However, with funds increasingly concentrated in a few large-cap cryptocurrencies, the overall market continues to exhibit significant structural differentiation. Recently, BNB has continued Ethereum's previous leadership, becoming one of the few assets to stand out. However, overall, while most cryptocurrencies have rebounded significantly since their 2022 lows, market differentiation remains significant, limiting potential for follow-up gains. As the market's focus shifts back to mainstream assets, Bitcoin's dominance rate, which briefly dipped over the past two months due to the temporary strength of Ethereum and some altcoins, is now on the rise again. With this trend reversal, Bitcoin has once again become the core driving force of this cycle.
Important data
Strategy Bitcoin holdings market value exceeds $80 billion, hitting a record high
Although US-listed Strategy (formerly MicroStrategy) did not add any new Bitcoin holdings last week, with Bitcoin's price exceeding $126,000 this morning, the total value of its holdings of 640,031 Bitcoins has surpassed $80 billion. Furthermore, Strategy's stock price has risen approximately 9.5% over the past five trading days, bringing its year-to-date gain to 24%, resulting in significant losses for short sellers. Strategy's market capitalization has now surpassed Coinbase and returned to above $100 billion.
According to data from Bloomberg analysts Eric Balchunas and James Seyffart, BlackRock's Bitcoin ETF is poised to surpass $100 billion in assets, driven by massive inflows and rising Bitcoin prices. Its revenue exceeds that of any of BlackRock's over 1,000 global funds. The fund, which charges a 0.25% fee and generates over $240 million in annual revenue, has achieved remarkable results in less than two years. It reached the $100 billion milestone roughly five times faster than other ETFs, drawing capital from both retail and institutional investors. It is the "youngest by far" of the 20 largest ETFs, with the others taking years to reach this size. IBIT has become BlackRock's most profitable product, an impressive feat. Bloomberg analysts note that the fund had optimistic expectations for demand and inflows, but the actual figures have still exceeded even the most optimistic projections.
Spot gold surpassed the $4,000 mark, setting a new record high
Grayscale’s two ETH spot ETFs have pledged another 272,000 ETH, worth $1.21 billion.
A whale deposited 3,000 BTC into HyperLiquid and sold 960.57 BTC for USDC.
Tether Gold's market capitalization exceeds $1.5 billion, hitting a record high
BNB breaks through 1300 USDT, setting a new record high ; BNB futures holdings exceed $3 billion, reaching a record high
1,057 traders long BNB opened $493 million in positions, with a cumulative profit of $96.46 million.
Bubblemaps: Over 100,000 on-chain traders purchased new Meme tokens, 70% of which have made a profit
