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At 20:30 Beijing time tonight, the U.S. Bureau of Labor Statistics will release the September PPI (Producer Price Index). Current market expectations are for an overall PPI month-on-month increase of +0.5% and a core PPI month-on-month increase of +0.3%.If the data exceeds expectations, it will boost the market's pricing for continued interest rate hikes by the Federal Reserve, putting pressure on U.S. stocks, cryptocurrencies, and other risk assets; if it falls below expectations, it will cool tightening expectations, benefiting the performance of risk assets. Previous CPI data has already shown inflation resilience, and this PPI will further validate the persistence of inflation.

Galaxy Research released a research report on October 15, categorizing decision markets and impact markets as conditional markets. These two types of conditional trading settle only when specific outcomes occur, and decision markets also settle on clear and binding results. Unlike prediction markets, conditional markets are not limited to binary, all-or-nothing structures; they trade real assets and their prices rather than synthetic probability contracts, with the byproduct being the impact of events on asset values rather than occurrence probabilities. The agency referred to prediction markets as the zero version of event-driven finance, with a large number of experiments emerging over the past 18 months, and new infrastructure pushing it beyond prediction markets.The ownership token-based issuance platform Umia, aimed at EVM-compatible chains, launched in September, expanding decision markets from being primarily limited to Solana, where MetaDAO was the first to scale binary pass or fail markets, to multi-outcome markets that can price proposal parameters. A deposit of stablecoins or DAO tokens can simultaneously convert into positions covering each outcome, with only winning market trades ultimately settling. Currently, 22 DAO treasuries fully governed by decision markets hold a total of $50.5 million, with MetaDAO accounting for 21 of them and 78% of the assets; the stablecoin portion is $35.8 million, with MetaDAO holding 82%. The fundraising for the market-governed DAO issuance platform by MetaDAO was approximately 11 months prior to this research report. Umia extends the issuable chains to Solana or EVM, which together account for about 92% of TVL by chain type.

The Thailand Securities and Exchange Commission has completed the rule-making for Bitcoin ETFs, and the new regulations will take effect on October 16. Bitcoin has been included as a qualified asset in the first phase.According to the rules, the average net exposure of the relevant funds for each accounting year must reach at least 80% of the net asset value. The custodian must be licensed by the Thailand Securities and Exchange Commission, and fund shares can only be traded on the Thailand Stock Exchange. Securities companies are not allowed to provide margin financing. Thai mutual funds and private funds will be permitted to invest in locally listed cryptocurrency ETFs, but initially, the issuance and provision of depositary receipts related to overseas cryptocurrency ETFs are prohibited.

Economists expect the overall CPI in the United States to rise by 0.6% month-on-month and 3.6% year-on-year in September. Excluding food and energy, the core CPI is expected to rise by 0.2% month-on-month and 2.5% year-on-year.Tony Rodriguez, head of fixed income strategy at Nuveen, stated that the rise in energy prices has not yet translated into core inflation, but if it continues for two consecutive quarters, it may affect food and commodity prices.

Tom Lee, Chairman of the Ethereum treasury company BitMine, stated that the significant decline in the South Korean stock market may be transmitting to the cryptocurrency market.He mentioned the forced liquidation of margins on the brokerage side and pointed out that South Korean investors are an important holding group for crypto assets. He described this impact as short-term pain.

Ministers from OPEC and non-OPEC oil-producing countries met in Riyadh, Saudi Arabia, reaffirming their commitment to maintaining stability in the oil market through a joint mechanism. OPEC+ stated that disruptions in energy transportation have caused shipping and insurance costs to exceed one-third of the value of commodities, hindering the transportation of crude oil and refined products, and increasing inflationary pressures on the global economy. Countries will continue to monitor the situation and cooperate with international organizations to improve shipping conditions.

Co-founder Edison released an update regarding the recent data breach incident involving encrypted cards. Edison stated that the compliance and operations team is contacting affected users, has reported to relevant agencies such as the Personal Data Protection Commission (PDPC), and has formally filed a police report. They are currently working closely with law enforcement, and the encrypted card business continues to operate normally.

Ledger Support released an update stating that it has confirmed the presence of unauthorized hardware implants in the device of one affected user. They are currently contacting the affected user and continuing to investigate the matter. Ledger is calling on anyone with information to provide leads and has stated that it is cooperating with relevant law enforcement agencies to hold those involved accountable. As a precaution, CryptoBilis has confirmed the suspension of sales of all hardware wallet inventory until the investigation is complete, and Ledger is actively communicating with them regarding follow-up measures.Ledger stated that there are currently no signs that its security infrastructure, systems, or services have been compromised. For users who purchased Ledger devices from this dealer, if the initialization setup has not yet been completed, it is advised not to start the setup; if the setup has been completed, they should consider transferring assets to a new Ledger signing device using new recovery phrases.Ledger emphasizes that security threats are constantly evolving, and the company is continuously improving security measures and advancing more sophisticated tamper-proof solutions. It also reminds users to be vigilant against scams that take advantage of this situation and to obtain the latest information only through official Ledger channels. Ledger will not ask users for their 24-word recovery phrase.

Market news reports that Netflix (NFLX.O) is undergoing a restructuring, which is expected to affect about 5% of employees, with the announcement possibly as early as next week.

The on-chain guarantee protocol Firelight stated that some deposit addresses failed the fund screening, and the related funds have been unstaked and returned to the original addresses, involving 87 addresses and a total of 117,500 FXRP. Firelight mentioned that the current mechanism screens blacklisted addresses or addresses sanctioned by OFAC during fund deployment and throughout the entire cycle. If an address is flagged during deployment or within the cycle, the funds will remain in the protocol until the cycle ends and will not generate rewards, but can still participate in the guarantee module for the remaining time of that cycle.After the cycle ends, the funds will be returned, and the related wallets will be prohibited from accessing again. Firelight stated that this practice is unsustainable and will roll back the blacklist process in the coming days and unfreeze the affected wallets; the time and steps for retrieving funds will be announced separately. Security, KYC, and institutional standards remain unchanged, and Firelight will develop a new plan that does not affect users in the coming weeks and will seek community input before any changes. Flare co-founder Hugo Philion stated that due to compliance policies, 84 Flare addresses have been unstaked by Firelight, and he personally will issue equivalent subsidies to those addresses that are not sanctioned and not widely blacklisted.

Ark Protocol project Second disclosed that its server was exploited on Monday, resulting in a loss of 0.75 Bitcoin of its own funds, approximately $62,300. The team stated that user funds were not affected and repairs were completed within a few hours.The attacker subsequently continued to attempt to extract more funds from the project and launched a denial-of-service attack. Second stated on Tuesday that the attack could lead to a decrease in the ability of wallets based on Bark to receive Lightning Network transfers. Second indicated that the vulnerability occurred in the boarding process of the Ark server, allowing the attacker to register and exit related boards solely with their own signature, while spending the same batch of VTXO in the nodes through the Lightning Network. The attacker also attempted to use Bitcoin related to the security vulnerability of Blink Wallet from September 19, but was unsuccessful.

Bitcoin News posted on platform X that the SEC has approved the listing of the 3x Bitcoin ETF launched by Cboe BZX under Volatility Shares, which aims to track 3 times the daily volatility of the Bitcoin futures benchmark.When Bitcoin futures rise by 1%, the fund aims for a pre-fee profit of 3%; when it falls by 1%, the target is a loss of 3%. This ETF still needs to wait for the registration statement to take effect before it can be traded, and the fund holds Bitcoin futures rather than Bitcoin spot.

According to the Financial Times, American companies are feeling the impact of a bond sell-off. As U.S. Treasury yields rise, some companies are being forced to reconsider their borrowing plans.Investors indicate that if yields remain high, more default cases may be seen.

Linea's official statement indicates that some validators supporting the Yield Boost treasury are withdrawing as a precaution due to the MetaMask staking incident. Linea emphasizes that the funds and control of the staking treasury itself have not been affected.The impact of this incident is that during the period when relevant validators withdraw and are replaced by new validators, the net staking rewards that provide funding sources for ecosystem incentives will temporarily decrease. Linea stated that it is closely monitoring the situation's progress.

Darkfost posted on platform X that Bitcoin is approaching the average cost price of two types of holding groups: investors holding for 18 months to 2 years have an average cost price of about $88,350, while investors holding for 6 to 12 months have an average cost price of about $89,200.Darkfost pointed out that the cost price is the average holding cost of the group, not a natural support or resistance level; as the price approaches this range, the behavior of related investors may change, and this area can be seen as a potential risk zone. The group of investors holding for 6 to 12 months has overall been at a loss for nearly a year, with some investors possibly having bought in at market peaks; some investors may sell after breaking even, while others may continue to buy to lower their holding costs.

Regarding the previous incident where the FlashLoopAdapter vulnerability caused a loss of approximately 114 ETH from two Safe multi-signatures, Aave founder Stani Kulechov stated that the contract with the vulnerability is not the Aave v3 contract, but rather a third-party external adapter built on top of Aave, which does not affect Aave v3 itself.Previously, SlowMist disclosed that the FlashLoopAdapter has an access control vulnerability, which attackers exploited to bypass permission checks and transfer assets from two Safe multi-signatures that enabled the module, ultimately resulting in a loss of approximately 114.09 ETH.

MetaMask has released a follow-up statement regarding the previously disclosed infrastructure security incidents, stating that the team is continuously conducting investigations and addressing the issues.MetaMask stated that to ensure user safety, it has collaborated with relevant partners to take preventive measures and is currently withdrawing the affected validator nodes from its non-custodial staking business. According to the investigation results so far, there is no indication that MetaMask wallets or customer funds have been affected.This morning, part of the infrastructure of MetaMask's non-custodial staking business encountered a security incident. As a precaution, the validators operating on Lido have begun to withdraw.

The core provisions of the regulatory framework for payment stablecoins in Florida, USA, will take effect on October 1, 2026.According to the state's Bill 2026 Chapter 176, engaging in the business of qualified payment stablecoin issuers in the state generally requires a license or must meet exemption conditions; qualified issuers must maintain at least a 1:1 identifiable reserve, which includes cash, funds in Federal Reserve accounts, qualified bank deposits, U.S. Treasury securities with a remaining maturity of no more than 93 days, and qualified government money market funds, among others. They must also publicly disclose redemption policies, disclose reserve composition monthly, accept monthly audits by certified public accountants, and be certified by the CEO and CFO.If the total issuance of payment stablecoins by state-level issuers reaches $10 billion, unless a federal exemption is obtained, they must transition to the corresponding federal regulatory framework within 360 days or suspend new issuances until the scale falls below the threshold.

Aave founder Stani posted on the X platform, stating that the team is currently monitoring the progress of the MetaMask Staking infrastructure security incident in collaboration with Lido.Stani mentioned that the Aave market is currently unaffected, and all operations are running normally.

The Financial Conduct Authority (FCA) of the United Kingdom has announced that it will begin accepting authorization applications from cryptocurrency businesses under the new regulatory framework starting today. Businesses planning to continue operating in the UK must submit their applications by February 28, 2027, and the new system will take effect on October 25, 2027.At that time, cryptocurrency businesses operating in the UK will be subject to comprehensive regulation by the FCA for the first time, with relevant standards covering consumer protection, client asset custody, market integrity, and financial resilience. The FCA emphasizes that submitting an application does not guarantee automatic approval, and businesses that do not meet the standards will not be allowed to continue providing regulated cryptocurrency services in the UK.