e*trade

The cryptocurrency wallet Phantom is opening the Kalshi prediction market to users in the United States, allowing users to trade event contracts directly within the Phantom app. This feature will begin rolling out on October 23 and will gradually expand coverage over the coming weeks. Users must first complete Kalshi's KYC.Transactions will be conducted using the CASH stablecoin in the Phantom Cash account, and funds will be converted to fiat currency for settlement after being transferred to Kalshi. Withdrawals and profits will return to Phantom Cash. Phantom currently shows a fee of $0.02 per contract, with a small additional fee for network transfer.Due to local regulatory controversies, Phantom will restrict market categories in certain states: Michigan temporarily blocks sports markets; Nevada restricts sports, elections, politics, and entertainment markets; Washington state has broader restrictions, including categories such as culture, technology, and geopolitics. Phantom's General Counsel Kevin Jacobs stated that the company believes the CFTC's jurisdiction over relevant products is clear and will continue to comply with existing restrictions in various states.

According to the "X Layer Q3 2026 Fundamental Report" released by Principia Labs, the Ethereum Layer 2 network X Layer saw growth in on-chain activity and the scale of the DeFi ecosystem in the third quarter. Among them, TradeZone processed approximately 287 million transactions, which is 2.6 times the EVM transaction volume during the same period; the daily average number of EVM transactions increased by 262% month-over-month to 1.22 million.The report also shows that the total locked value in DeFi increased by 100% month-over-month to 173.4 million USD, and the revenue from ecological application transaction fees increased by 490% month-over-month to 1.86 million USD. The market capitalization of OKB increased by 53.8% month-over-month to 2.54 billion USD. Principia Labs believes that with the development of Exchange OS, X Layer is gradually forming a full-stack trading system covering on-chain transactions and DeFi applications.

According to Crypto.news, Beast Holdings, associated with YouTube creator MrBeast, has submitted two U.S. trademark applications for MRBEAST FINANCIAL and BEAST FINANCIAL, covering financial services such as cryptocurrency trading, payment processing, decentralized exchanges (DEX), online banking, consumer loans, credit and debit cards, and investment management.

According to monitoring by Lookonchain, trader Jelitics traded 12 types of Meme coins on the Solana chain, all resulting in losses, with a win rate of 0%. The total loss exceeded 1 million dollars. Currently, he has sold all Meme coin holdings.

According to the official announcement, Gate Doge (Trenches) will hold the 67th Hot Coin Competition from October 19, 16:00 to October 22, 16:00 (UTC+8). After registering, users can trade all Robinhood chain tokens in the Doge area to earn chances for a blind box lottery based on their cumulative trading volume, sharing a total airdrop reward of 30,000 USDT.Users who did not register with an invitation code can earn 1 regular blind box lottery chance for every cumulative trade of 200 USDT, while users who registered with an invitation code can earn 1 premium blind box lottery chance for every cumulative trade of 500 USDT. Both types of users can earn a maximum of 12 lottery chances during the event, with a winning rate of 100%.At the same time, the Gate Doge SOL chain peak trading competition will be held from October 19, 18:00 to November 2, 16:00 (UTC+8). Users who register and trade SOL chain tokens in the Doge area can unlock an airdrop prize pool worth up to 50,000 USDT. Once the effective cumulative trading volume of all registered users reaches a certain threshold, the corresponding tier prize pool will be unlocked, based on the highest tier reached at the end of the event.In addition, users with an effective cumulative trading volume of 40,000 USDT can participate in the trading ranking, with the top 100 qualifying users receiving rewards, and the champion can win an airdrop worth up to 10,000 USDT.

SolanaFloor posted on platform X that Cardboardtrade, regarded as the Solana version of Papertrade's perpetual contract protocol, currently has an average daily trading volume of approximately 1 billion dollars. It is reported that the platform offers up to 1000x leverage trading for BTC, ETH, and SOL, with a total liquidation amount exceeding 564 million dollars and an open interest (OI) reaching 38 million dollars.A data screenshot provided by SolanaFloor shows that the total trading volume of the protocol is approximately 4.4 billion dollars.

The synthetic perpetual contract protocol Papertrade, built on Hyperliquid, announced that its platform token PAPER will remain non-transferable due to the risk of perpetual contract attacks. The platform stated that holders of PAPER tokens obtained through trading losses can stake them to receive USDC distribution rewards.Papertrade is a fully on-chain, user-owned synthetic perpetual contract protocol that supports up to 1000x leverage with no market impact. Currently, the platform has not disclosed a specific timeline for when the PAPER token can be transferred or sold, which means holders are temporarily unable to trade or transfer their tokens on the secondary market and can only earn rewards through staking.

According to monitoring by Lookonchain, Huang Licheng has continuously suffered losses on PaperTrade, with nearly all of the $261,000 he deposited yesterday lost, leaving only $5,682 in the account;Overall, his trading platform has accumulated losses of $779,000. After deducting the $394,000 USDC staking rewards received, the actual net loss is approximately $382,000.

According to Arkham monitoring, the trader "KIMCHOWOO" on OpenSea spent $676,500 about 5 months ago to buy approximately 1.662 million ONDO and nearly 30,000 LINK, with the value at one point increasing to $1.084 million during the holding period.About two hours ago, the trader transferred all holdings to Binance, and if sold, would profit over $400,000.

HIP-3 market deployer Paragon spent 570.98 HYPE (approximately $45,000) to acquire the code PAPER, or the upcoming Papertrade (PAPER) perpetual contract.Papertrade is an on-chain synthetic perpetual contract trading platform deployed on HyperEVM, offering up to 1000x leverage. Its token PAPER is minted through users' realized trading losses, with no pre-mining, team, or venture capital allocation.

The United States Central Command stated that due to the blockade by the United States Navy, Iran has no maritime import and export trade.

According to CoinDesk, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), issued a statement on October 13, approving the rule change submitted by Cboe Global Markets. This change allows binary options linked to the key performance indicators (KPI) of 23 publicly listed companies in the United States. The metrics related to the cryptocurrency industry include: trading volume of Coinbase (COIN), number of customers and revenue of Robinhood (HOOD), and Bitcoin production of MARA Holdings (MARA).These contracts are cash-settled, European-style options that can only be exercised at expiration. The settlement data is derived from documents submitted by the companies to the SEC, rather than from earnings presentation materials. Cboe plans to launch these contracts this month, and Robinhood is expected to be the first brokerage to offer this product to retail investors. However, trading will not begin until the clearing agency Cboe Clear U.S. obtains temporary registration, and another related application is still under review.

The second-generation Tesla Roadster supercar has been unveiled, equipped with a cold air propulsion system developed in collaboration with SpaceX. Musk stated that Tesla will begin production of the Roadster sports car in 2028. In August of this year, Tesla, Inc. applied to register the "Roadster" trademark, classified internationally as a vehicle, with the current trademark status being in the application process.

Surrounding the unexpected rebound of the U.S. September CPI, Huobi HTX Chief Analyst Andy pointed out that inflation is spreading from energy to core prices. The U.S. September CPI rose year-on-year to 3.7%, and the core CPI rose year-on-year to 2.6%. Gasoline prices increased by 9.1% in a single month, contributing to more than half of the overall increase, but prices for housing, healthcare, and airline services also rose, indicating that this rebound cannot be fully explained by energy shocks.The data reinforces the Federal Reserve's "higher for longer" policy logic. The economy has not yet shown significant signs of recession, and the Federal Reserve lacks urgent reasons to shift to easing, needing to prevent inflation expectations from becoming unanchored. After the CPI announcement, U.S. Treasury yields and the dollar quickly rose, with the market raising expectations for subsequent interest rate hikes, leading to increased uncertainty in the interest rate path.For the cryptocurrency market, this change is slightly bearish in the short term. The market first trades on real interest rates, the dollar, and global liquidity; high inflation does not automatically favor Bitcoin. After the CPI announcement, Bitcoin weakened and fell below $82,000. In the medium term, it is necessary to distinguish between "energy-driven inflation" and "demand-driven inflation": if energy prices decline and core inflation no longer accelerates, the September data is more likely to be a temporary supply shock; if core service inflation continues to rise, then the high interest rate level may be maintained longer than expected. The direction of Bitcoin depends on whether inflation, employment, and long-term U.S. Treasury yields can jointly confirm a new policy path.

According to Lookonchain monitoring, as the market declines, the large short trader 0xDD6A on Aster DEX has accumulated profits of over 6.4 million dollars. He currently holds a 20x leveraged short position in BTC, ETH, SOL, XRP, and DOGE, with a total position size of 24.6 million dollars and a win rate of 100%.

According to DefiLlama data, Papertrade's revenue in the past 7 days reached 36.31 million USD, ranking third in total protocol revenue, only behind Tether and Circle, and higher than Pump.fun's 16.06 million USD and Hyperliquid's 14.56 million USD.