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The cryptocurrency exchange platform Coinbase has obtained a Financial Services License (FSP) issued by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This license allows it to arrange investment transactions and provide custody for tokenized securities. Coinbase describes this license as the regulatory foundation for its international tokenization hub and the first of its two major non-U.S. institutional businesses established in the UAE, the other being its derivatives business in Dubai.According to the scope of the license, the FSP covers the arrangement and custody of tokenized stocks fully backed by underlying shares. Holders of digital securities can gain economic exposure such as dividends, while voting rights and redemption rights are subject to the conditions outlined in each prospectus. Coinbase states that investors only need a crypto wallet to trade, and secondary transfers do not require a brokerage account or banking relationship, but redeeming profits for fiat currency still requires a bank or brokerage account.Brett Tejpaul, Co-President of Coinbase Institutional: Currently, there is no major financial center that has established a framework that simultaneously regards tokenized stocks as securities, blockchain-native tokens, and composable DeFi assets. Arvind Ramamurthy, Chief Market Development Officer of ADGM, stated that the Coinbase hub reflects the center's progressive, robust, and internationally aligned regulatory framework. The FSRA issued its first virtual asset rules in 2018, which include protective measures such as sanctions screening and the ability to freeze or seize assets at the wallet level. ADGM applies English common law, and the FSRA's authority differs from that of the UAE Securities and Commodities Authority; registered entities do not automatically obtain a passport in other Gulf Cooperation Council jurisdictions.

Revoke.cash issued a reminder that due to last week's Magic Eden security incident, Revoke.cash advises users to go to the Auto-Revoking module on their account page to check if there are yellow warning icons on each network; if so, they need to first restore that address to a regular account in other wallet applications, and then upgrade it to a smart account through MetaMask.In addition, users should confirm that all active networks are enabled and ensure that each wallet in the subscription is granted the relevant permissions individually. Revoke.cash added that Ultimate subscription users need to confirm that their wallets meet two conditions for the Auto-Revoking feature to properly protect assets: first, the Auto-Revoking permission must be granted for that wallet in MetaMask; second, the wallet must be upgraded to a MetaMask smart account on the corresponding network. Typically, the second step is automatically completed during the authorization process, but if the address has previously been upgraded to a smart account through other wallet applications, the upgrade may fail.

CryptoQuant analyst Axel Adler Jr. stated that in the past 30 days, Bitcoin's realized market capitalization grew by 1.2% (approximately 12.8 billion USD), reaching 1.079 trillion USD on October 2. Compared to a growth rate of 0.66% a month ago, its growth rate has doubled.

The SEC recently made public the comments submitted by Stove Finance regarding the exemption for tokenized stocks.The comments focus on the infrastructure issues after tokenized stocks enter the on-chain market, including asset conversion between traditional securities systems and on-chain ledgers, inventory replenishment, reconciliation, and how corporate actions such as dividends and stock splits maintain consistency across different systems.Stove suggested in the comments that registered broker-dealers be allowed to further participate in the construction of on-chain securities record, reconciliation, and delivery infrastructure, and that a unified standard for asset conversion, settlement status, and corporate actions be established collaboratively by broker-dealers, custodians, transfer agents, and on-chain trading venues.As tokenized stocks gradually enter DeFi scenarios such as AMM and liquidity pools, settlement, asset services, and cross-system interoperability beyond trading are becoming the next issues that the industry needs to address.

Bitcoin Treasuries posted on platform X that Strive's SATA has reportedly raised enough funds to purchase over 400 Bitcoins.SATA is currently buying 90% of the daily Bitcoin mining output.

The Block cited Lookonchain data stating that a wallet associated with Ethereum co-founder and Consensys CEO Joseph Lubin transferred a total of 133,298 ETH a few hours ago.Based on the price reported, the scale of the transfer is approximately 356.4 million dollars. Consensys declined to comment on this ETH transfer.

According to Decrypt, DogeOS has announced the launch of its application layer public testnet based on Dogecoin.DogeOS is an EVM-compatible application layer network designed to allow developers to build applications on the Dogecoin ecosystem. The testnet transaction fees are paid in DOGE, and projects such as lending protocols, perpetual contract trading platforms, stablecoins, and prediction market aggregators have already been integrated.DogeOS was initiated by the MyDoge wallet team, utilizes zkVM technology, and operates as an independent layer without altering the Dogecoin base layer. The official mainnet launch date has not yet been announced.

According to GlobeNewswire, Grayscale's Zcash ETF (ZCSH) announced that it has completed the previously announced "3-for-1" share split, which took effect before the opening of the U.S. stock market, and the fund shares will trade based on the split-adjusted basis from that day onward.Grayscale stated that shareholders registered as of the close on September 28 will receive an additional 2 shares for every 1 share of ZCSH held before the split, meaning each share before the split will convert into 3 shares after the split. This split will not change the total value of shareholders' investments, and the net asset value (NAV) per share will be adjusted to approximately one-third of the pre-split amount.After the split, ZCSH continues to trade on NYSE Arca, with the trading code and CUSIP number remaining unchanged.

According to Catcher Predict monitoring, in the Polymarket prediction market for the "Chicago Cubs vs. San Diego Padres" event, the "Over" option in the sub-market "Chicago Cubs O/U 5.5" experienced a sharp fluctuation in winning probability, soaring from 22.5% an hour ago to the current 58% (a fluctuation of 35.5%). Please note the impact of relevant breaking news.

Elon Musk's artificial intelligence division SpaceXAI is considering adjusting the subscription plans for the Grok chatbot and social platform X, planning to launch a unified subscription service with 4 pricing tiers. The free version will provide access to Grok, but with stricter usage limits; the highest "Ultra" package will cost $100 per month and include Grok Bot AI agent features. SpaceXAI also plans to launch a "Lite" package for $8 per month, offering access to Grok, X platform verification badges, and fewer ads.

According to Catcher Predict monitoring, in the market prediction event on Polymarket for "LoL: The Secret Club Esport vs SU Esports - EMEA Masters Swiss Stage," the "Yes" option win rate for the sub-market "Both sides kill Baron" has experienced a sharp fluctuation, soaring from 32% an hour ago to the current 50% (a fluctuation of 18%). Please note the impact of related breaking news.

DogeOS, the application layer of Dogecoin, launched its public testnet on Wednesday, introducing EVM-compatible smart contracts to the Dogecoin network as a zero-knowledge rollup, with DOGE as the native token for transaction fees. The project aims to support applications such as trading, lending, stablecoins, prediction markets, and gaming, while settling state back to the Dogecoin network.DogeOS currently uses a trusted execution environment, validators, and a permissioned sequencer to ensure network security. Future proposed upgrades to Dogecoin Core will allow Dogecoin miners to directly verify their execution proofs. DogeOS CEO Jordan Jefferson stated that Dogecoin does not currently verify ZK proofs on its own, and bridging state transitions requires valid proofs as well as signatures from a majority of validators and TEE signers. He mentioned that the team is currently focused on the public testnet, allowing developers time to build and test applications, with the mainnet timeline to be announced upon reaching the next development milestone.DogeOS comes from the MyDoge wallet team, which announced a $6.9 million funding round led by Polychain Capital in May 2025. Two months later, the DogeOS team submitted a proposal for a Dogecoin Core upgrade to add native ZK proof verification for Dogecoin, but this upgrade has not yet been implemented. Timothy Stebbing, a director of the Dogecoin Foundation, expressed hope that DogeOS will serve as a springboard for a new wave of practical engineering.

According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has submitted two rules for review to the Office of Management and Budget (OMB). One rule aims to include event contracts within the regulatory definition of swaps, while the other is a "temporary final rule" that seeks to exclude "casino-style gambling products" from the scope of swaps.These two rules were received by the OMB this week, with the document dated September 28. OMB review is typically the last step before rules are submitted for public comment, and the temporary final rule will take effect immediately while allowing for subsequent public input and revisions.This move comes as the CFTC engages in a tug-of-war with multiple states over the nature of prediction markets. Event contracts are typically binary yes-or-no bets on measurable outcomes such as sports events and elections. Last week, the U.S. Sixth Circuit Court of Appeals ruled that Kalshi's sports contracts do not fall under swaps and should be governed by state gambling regulations, while the Eighth Circuit Court of Appeals made a similar ruling; however, the Third Circuit Court of Appeals previously determined that the CFTC has jurisdiction over prediction markets, creating a legal divergence at the federal level. CFTC Chairman Mike Selig believes that the CFTC has exclusive jurisdiction over prediction markets.If event contracts are classified as swaps and not as gambling products, it could weaken the positions of various states in multiple lawsuits against prediction market platforms like Kalshi. The CFTC is legally required to consist of five commissioners, but President Trump has yet to nominate additional commissioners, leaving Selig as the sole commissioner, who is unilaterally advancing regulatory and policy decisions. Additionally, information disclosed by the OMB indicates that the CFTC recently submitted a "pre-rule" focusing on cryptocurrency regulation to the White House.

According to the Financial Times of the UK, the artificial intelligence voice startup ElevenLabs has doubled its valuation to 22 billion dollars.

According to the official announcement from Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Trust Bank will acquire all shares of Japan Digital Asset Trust Establishment Co., Ltd. (JADAT) held by Bitbank on October 1, 2026, making it a wholly-owned subsidiary.The Sumitomo Mitsui Trust Group has identified the digital asset market as an important growth area, believing that highly reliable asset management and custody functions are highly compatible with its trust business. After becoming a wholly-owned subsidiary, JADAT will accelerate the procedures for management trust registration, striving to officially launch digital asset-related businesses as soon as possible.

According to The Wall Street Journal, the U.S. publicly listed company Lion Group (Nasdaq: LGHL) has sold all of its SOL and part of its BTC, with the proceeds used to increase its holdings of approximately 38,102 HYPE.After this adjustment, Lion Group holds approximately 232,900 HYPE, valued at about 20.1 million USD, and the previously held HYPE was not sold.

According to official news, WasabiCard has launched various AI subscription cards, catering to the global AI tool subscription and payment needs of enterprises and teams, supporting subscription payment scenarios for mainstream AI applications such as OpenAI and Claude. Through card-based payment solutions, companies can handle the procurement and expense management of AI services for different teams, projects, or business lines more flexibly.In addition to AI subscription payments, WasabiCard also supports bulk card issuance for enterprises, fund budget management, and multi-currency account setup, as well as various scenarios such as advertising, business travel, payroll, and e-commerce subscriptions. It helps companies configure payment permissions and budget limits by department, employee, or specific purpose, enhancing the management efficiency of AI-related expenditures and the transparency of fund usage.As AI tools gradually enter daily workflows in research and development, content production, customer service, and operations, cross-border subscription payments and expense management are becoming important infrastructure for global operations of enterprises. It is important to note that currently, WasabiCard-related products are not open for application to enterprises and individual users in mainland China.

R25 today announced that its core product R25 Studio, based on the 2 architecture, has officially launched public testing. R25 Studio is dedicated to realizing the vision of "everyone can become an asset manager," fully opening up the capabilities for the establishment, operation, and distribution of institutional-level funds. By abstracting cumbersome legal documents, backend systems, and compliance processes into configurable smart contracts, R25 Studio has successfully compressed the fund establishment cycle from several months to just 10 minutes.The platform revolves around Build, Manage, Earn, and Distribute, covering Vault creation, subscription and redemption, investment management, fee earning, and distribution; asset managers can autonomously set investment parameters, management fees, and performance fee rates on-chain without building complex fund structures from scratch, generate exclusive Vault Tokens/Shares, and list the Vault on channels such as Dapp and Topnod. The platform also provides performance data such as NAV, APY, cumulative returns, and maximum drawdown, helping asset managers monitor strategy performance in real-time.Previously, in Phase 1, Axil launched a private credit Vault on R25 and successfully surpassed $130 million in TVL, validating the reliability of this infrastructure. The registration channel for the first batch of managers is now open.