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According to The Block, the Federal Trade Commission (FTC) is conducting an early review of the online sports betting industry, focusing on allegations of false or misleading advertising by betting companies such as FanDuel and DraftKings. Prediction market platforms like Kalshi and Polymarket are expected to be outside the scope of the review.

The unresolved ceasefire between Russia and Ukraine has led to a rebound in crude oil prices, and the market's bets on another interest rate hike before the end of the year are heating up, putting pressure on the gold and silver markets once again. According to CoinGlass data, gold (XAU) is currently priced at $4,183.22, with a 24-hour decline of 0.61%; silver (XAG) is currently priced at $60.25, with a 24-hour decline of 1.42%.During the market fluctuations, the trading volume of related contracts on Gate has continued to rise: the trading volume of Gate silver contracts reached $124 million in 24 hours, ranking second in the industry; the trading volume of Gate gold contracts reached $363 million in 24 hours, firmly holding third place in the industry; meanwhile, the open interest of Gate XAU gold contracts reached $411 million, ranking second in the industry.Gate has pioneered the trading sector for perpetual metal contracts and CFD contracts, covering mainstream metal trading targets such as gold, silver, and platinum, supporting 24/7 trading and USDT settlement. Relying on Gate's innovative unified account system, users can configure diverse assets such as stocks, metals, foreign exchange, indices, and commodities without cross-platform operations, helping users achieve a more flexible and efficient one-stop global asset strategy layout amid volatile markets.

According to data from the Gate platform, Tesla (TSLA) and SpaceX (SPCX) both closed higher, reporting $382.70 (+2.05%) and $162.57 (+1.24%) respectively. Driven by the strength of the underlying assets, the open interest of Gate's related stock perpetual contracts also increased.According to CoinGlass data, the 24-hour open interest for Gate's SPCX stock perpetual contracts reached $148 million, ranking second in the industry; the 24-hour open interest for Gate's TSLA stock perpetual contracts reached $19.8131 million, ranking among the top three in the industry.Currently, Gate's stock perpetual contracts support popular stocks from multiple markets including U.S. stocks, Hong Kong stocks, Korean stocks, and Japanese stocks, and has further launched an innovative sector that supports up to 75 times leverage trading. The first batch of the innovative sector includes 40 popular stock perpetual contracts, covering market favorites such as Changxin Storage, Yushu Technology, and CATL, providing users with diversified trading opportunities 24/7.

SkyAI (SKYA), a subsidiary of Solana, announced plans to initiate a cash tender offer to acquire up to 95% of its issued common stock and warrants at a price of $3 per share. The tender offer involves a maximum of approximately 46.4 million shares of common stock and about 20.7 million warrants, with a total maximum acquisition amount of approximately $201 million.The company expects to use existing cash and funds from the sale of its Solana assets to pay for the acquisition. SkyAI stated that the tender offer is expected to launch on Thursday and will last for 10 business days, but it may be postponed or terminated early. Additionally, the SkyAI board has rejected a non-binding all-stock acquisition proposal made by Forward Industries (FWDI). The proposal aimed to exchange 0.306 shares of Forward Industries stock for each share of SkyAI stock, but the SkyAI board believes that the exchange ratio undervalues the company.

Bitcoin News posted on platform X that one year ago today, Bitcoin had just reached a historic high of $126,000, and Standard Chartered at that time expected it to reach $200,000. However, October 10 became the largest day for liquidation in the history of the cryptocurrency industry, with a liquidation amount exceeding $19 billion.

BRTFit posted on platform X, showcasing four AI-generated fitness portraits featuring Zhao Changpeng, Jeff, Sun Yuchen, and Xie Jiayin, claiming that these images are a creative tribute to the aforementioned Web3 industry figures.BRTFit stated that it is building a health competition platform that combines fitness, health, and blockchain, and hopes that the aforementioned individuals will participate in its body slimming challenge in the future.BRTFit declared that the related images are for entertainment and health lifestyle promotion only, and do not represent the involvement, endorsement, association, or collaboration of the individuals mentioned with the platform; if there are any issues regarding portrait rights, copyrights, or other legal rights, they will be removed upon notification.

J.P. Morgan analysts stated that SpaceX's latest spectrum deal may raise concerns about intensified competition among the three major wireless carriers in the United States. Although SpaceX could become a new market participant, the threat to Verizon, T-Mobile, and AT&T remains limited in the short term.

New York Attorney General Letitia James announced that a settlement has been reached regarding former Celsius CEO Alex Mashinsky's alleged fraud against investors, securing a maximum conditional compensation of $35 million and requiring him to permanently exit the securities, commodities, and cryptocurrency industries.Previously, the Federal Trade Commission (FTC) and the Commodity Futures Trading Commission (CFTC) had also imposed industry bans on Mashinsky. Mashinsky is currently serving a 12-year prison sentence. On the other hand, Celsius creditors have received over $3.4 billion in payments through the company's bankruptcy proceedings.

According to Gate market data, the Dow Jones Index closed up 52.61 points on October 8, an increase of 0.1%, reporting at 51,232.48 points; the S&P 500 Index fell 36.35 points, a decrease of 0.47%, reporting at 7,765.42 points; the Nasdaq Composite Index fell 345.35 points, a decrease of 1.25%, reporting at 27,193.34 points.

Mike Selig, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that the United States will no longer sit idly by while cryptocurrency businesses flow overseas and standards are set by other countries. He mentioned that the cryptocurrency industry is returning to the United States, and clear regulatory rules will help the industry stay in the U.S. and be led by the U.S. in development.

Former New York Governor Andrew Cuomo stated during a panel discussion at the Token2049 conference with OKX CEO Star Xu that if the cryptocurrency industry wants to push for federal-level cryptocurrency legislation, it must maintain a balance between supporting the Democratic and Republican parties. He pointed out that the industry previously "believed that heavy investment in the Republican Party" would help pass the CLARITY Act, but "when you heavily invest in the Republican Party, you inherently alienate the Democratic Party."According to data tracked by Tech Influence Watch, cryptocurrency-related political action committees have spent $54.3 million supporting the Republican Party and $26.2 million supporting the Democratic Party in the 2026 election cycle, with an additional $23.2 million spent opposing Democratic candidates. Cuomo stated that passing legislation requires support from both the Democratic and Republican parties and should be more balanced. He also refuted the notion that the Democratic Party is inherently opposed to cryptocurrency, arguing that cryptocurrency is actually well-suited for the Democratic Party because it empowers individuals who previously could not access financial products. Prediction market Kalshi data shows that the probability of the Democratic Party winning both houses of Congress is about 61%.In terms of background, the House of Representatives passed the CLARITY Act in July 2025 with the support of 78 Democratic representatives and 216 Republican representatives, while 134 Democratic representatives voted against it; in June 2025, the Senate passed the GENIUS Act with support from 18 Democratic senators.

Digital Asset co-founder and CEO Yuval Rooz stated at the Token2049 conference in Singapore that the crypto industry should leverage the current regulatory environment to accelerate institutional adoption, believing that the widespread use of blockchain will make it harder for future governments to reverse industry progress. He compared this opportunity to Uber and Airbnb, stating that both companies had established themselves before policymakers effectively restricted them, saying, "By the time people react and decide to legislate against these companies, it will be too late."Rooz indicated that the industry should ensure blockchain is widely used so that no matter what happens in 2028, "there is no turning back." The next U.S. presidential election is scheduled for November 7, 2028, which may bring changes in government and regulatory priorities. This statement comes in the context of the CLARITY Act failing to advance in the Senate procedural vote in September, while the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have been advancing crypto regulation based on existing authority.In the same Token2049 panel discussion, Binance co-CEO Richard Teng expressed hope that the CLARITY Act could still become law, believing that legislation could prevent regulatory backtracking and encourage institutional entry, calling the possibility of reversing current progress the industry's "greatest fear." Franklin Templeton CEO Jenny Johnson stated that legislation would provide greater certainty, but the industry should not rely on the passage of the CLARITY Act, as the SEC and CFTC are already working to provide regulatory clarity to sustain innovation and institutional adoption.

Doosan Heavy Industries has delivered its first gas turbine to SpaceXAI, which will be used for an energy infrastructure construction project that SpaceXAI is undertaking in the United States.

ChainCatcher live report, at the OKX NOW Global Product and Ecosystem Conference (Singapore), Star stated that the cryptocurrency industry will enter a mainstream phase starting in 2025. He reviewed that the industry has gone through four stages: geek exploration, formation of financial markets, ICO and DeFi experiments, and compliance construction. Currently, OKX has obtained licenses or is under regulation in markets such as the United States, Europe, the United Arab Emirates, Singapore, Australia, Brazil, and Turkey.He added that Deloitte has become OKX's global auditing firm, and OKX may be one of the few international exchanges currently audited globally by one of the Big Four accounting firms.

ChainCatcher live report from the OKX NOW Global Product and Ecosystem Conference (Singapore), where Ethereum co-founder Vitalik Buterin delivered a keynote speech. He stated that AI is both the biggest opportunity and the biggest risk for the current industry development.He believes that the industry is moving beyond the narrative of "blockchain + programmable value," with new features such as "programmable data" realized through zero-knowledge proofs (ZKP) emerging.Vitalik expects that privacy protocols on Ethereum will rapidly mature, and within the next two years, most people are likely to use these technologies in an "unperceived" manner.