market

The cryptocurrency asset platform Blockchain.com has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) seeking to obtain Designated Contract Market (DCM) and Futures Commission Merchant (FCM) licenses to provide event contracts (prediction markets) and cryptocurrency derivatives trading services to U.S. users.Blockchain.com CEO and co-founder Peter Smith stated that the company aims to allow users to manage digital assets, trade derivatives, and participate in real-world event predictions on the same platform. Currently, Blockchain.com has provided prediction market services to some international users through its partner Polymarket and supports perpetual contract trading through Hyperliquid.As the popularity of prediction markets rises, several cryptocurrency companies, including Crypto.com, Gemini, and Coinbase, are seeking to enter this field. If approved, Blockchain.com will join the ranks of companies that have applied for CFTC Designated Contract Market licenses this year.

Despite the S&P 500 Index closing at a historic high this week, the rally was primarily driven by companies benefiting from the artificial intelligence boom, overshadowing signs of weakness in the U.S. economy and financial markets. Companies like Meta, Microsoft, and Nvidia performed strongly, while stocks in the consumer, travel, transportation, real estate, and financial sectors declined.When the S&P 500 Index reached its historic high, only 30% of its constituent stocks were trading above the 50-day moving average.

Fidelity Digital Assets Vice President Chris Kuiper stated, "The bear market may not be over." He believes that the rebound since August could either be the starting point of a new rally or just a bounce within the bear market, "an upward price movement does not guarantee the end of the bear market"; according to a four-year cycle, November is a key window to observe (the last bear market bottom was in November 2022), but he also emphasized that historical cycles have never precisely repeated, and BTC may decline again, potentially setting a new low in November or later.A more positive signal is that during the period from June to mid-August, the volatility of digital assets rapidly increased after being low, resembling the end of previous bear markets, which may indicate that selling pressure is nearing exhaustion, while stablecoin transfers, RWA, and institutional participation continue to grow during the same period.

According to official social media news, Huobi HTX will hold a themed live broadcast today at 20:00 titled "Market Betting on December Rate Hike: Can BTC Withstand This Round of Impact?" At that time, crypto KOLs such as Sister Mao, AlanSun, Aiden, and Crypto.0824 will engage in an in-depth discussion on the Federal Reserve's monetary policy expectations, changes in macro liquidity, and recent market trends of BTC. The focus will be on analyzing the potential impact of the rising expectations for a rate hike in December on the crypto market, as well as BTC's key support levels, long and short positions under macro pressure, and the subsequent evolution of market trends, providing investors with multi-dimensional references for market trend analysis.

The co-founder of the dark web market Empire Market, Raheim Hamilton, was sentenced to 40 years in federal prison and fined $5 million on October 5 in Chicago. His plea agreement covers approximately 1,230 bitcoins, 24.4 ethers, and three properties in Virginia.Empire Market operated from 2018 to 2020, facilitating over 4 million transactions between buyers and sellers, with a transaction volume exceeding $430 million. Investigators seized digital assets, cash, and precious metals worth $75 million in the case. The U.S. Department of Justice (DOJ) stated that the platform required buyers and sellers to conduct transactions exclusively in cryptocurrency and encouraged the use of mixing services and encrypted communication. Buyers could also rate the effectiveness of sellers in hiding drug packages, with drug sales involved amounting to nearly $375 million.

Arthur Hayes stated that at the beginning of each super bull market, the market must overcome numerous concerns. In 2017, it was the block size debate; in 2020, it was the pandemic; in 2023, it was the FTX collapse and central bank interest rate hikes; in 2026, it will be the panic caused by AI encryption technology (FUD).The wave of money printing will eventually come, and asset prices will soar.

Bitcoin Treasuries posted on platform X that the tokenized stock Stretch (STRCx) under Strategy has a circulating market value of 158 million dollars, making it the largest tokenized stock in the world, surpassing the tokenized equity of SpaceX under Elon Musk.

According to Decrypt, Decrypt has announced that its self-custody Money Accounts are now live on Solana, providing readers with a single balance that can be used across all Decrypt products to support its financial and intelligence market, The Information Exchange. Decrypt co-founder Ilan Hazan stated that the goal is to achieve one account and one balance, allowing users to utilize various financial tools directly from where they obtain information, from prediction markets to perpetual contracts and swaps. Users can manage all positions in one place without worrying about wallets, cross-chain bridges, or public chains, with relevant partners to be announced in the coming weeks.Deposits and balances are denominated in USDT on Solana, and the same balance can support products such as Earn, Swaps, Predictions, and Perps. Gas and rent are sponsored through joint signatures by payers, so users do not need to hold SOL or consider network fees. The account operates in a self-custody mode, meaning Decrypt does not hold private keys and cannot perform operations on behalf of users, with a private key export feature coming soon. Cross-chain operations are completed at the underlying level; for example, the Myriad Predictions market settles on the BNB Chain, yet users can still trade using the same Solana USDT balance without needing to interact with a cross-chain bridge.Existing Myriad Wallet users can directly use Decrypt Money Accounts, with one account and one balance covering both Decrypt and Myriad without the need for migration.

Citrini Research, which previously published the "AI End Report," has released a new article titled "Breaking The Wall," exploring the intersection of agentic AI with cryptocurrency and traditional finance, stating that blockchain may have finally found its application scenario. The article allegedly reveals Citrini Research's investment portfolio, and related screenshots are circulating.The weight distribution of the cryptocurrency portfolio is: Derive (DRV) 10%, Lighter (LIT) 10%, Ether.fi (ETHFI) 10%, Aave (AAVE) 9%, Ethena (ENA) 9%, Solana (SOL) 8%, Hyperliquid (HYPE) 7%, Aerodrome (AERO) 7%, LayerZero (ZRO) 5%, Chainlink (LINK) 5%, Backpack (BP) 5%, Maple (SYRUP) 5%, Uniswap (UNI) 4%, Pendle (PENDLE) 3%, Ondo (ONDO) 3%.The weight distribution of the cryptocurrency market portfolio is: Securitize (SECZ) 20%, Circle (CRCL) 18%, Coinbase (COIN) 18%, Bitwise Hyperliquid ETF (BHYP) 14%, Robinhood (HOOD) 14%, Bullish (BLSH) 7%, Figure Technology Solutions (FIGR) 5%, BlackRock (BLK) 2%, WisdomTree (WT) 2%.

Ondo's Ondo Private Markets announced that the OpenAI Private Markets Note is now available for trading on the Ondo Perps spot order book. Ondo Private Markets is dedicated to bringing the economic exposure of private companies on-chain, providing tokenized notes for qualified investors, designed to offer economic exposure linked to the performance of leading private companies. The value of the OpenAI Private Markets Note is calculated based on the realized value per share of the company's common stock, as specified in the note's issuance documents.This launch brings three core advantages. The first is the ability to buy and sell at any time: from the first day of launch, trading is available 24/7 on the Ondo Perps spot order book, without waiting for the company to go public. The second is self-custody and free transferability: users can store the tokens in their own wallets and transfer them freely among qualified holders. The third is mature infrastructure support: Ondo Private Markets is built on the same platform that created Ondo's tokenized stocks and tokenized U.S. Treasury products, with a total locked value (TVL) of $3.9 billion and over 1 million holders.The note does not represent shares or equity in OpenAI, and holders do not enjoy any shareholder rights in OpenAI. There is no affiliation, cooperation, or endorsement relationship between Ondo and OpenAI.

According to Gate market data, U.S. stocks opened with the Dow Jones down 0.36%, the S&P 500 index down 0.37%, and the Nasdaq down 0.51%.

Animoca Brands and Nuva Labs have launched the real-world asset market NUVA with the HOME token, providing qualified non-U.S. investors exposure to U.S. home equity lines of credit (HELOC) with a minimum participation of 1 USDC. This ERC-20 token aims for an annualized yield of 7%, resetting monthly, with interest income and loan performance reflected in the net asset value of the fund pool, which in turn determines the token price. The product has no lock-up period and features a first-loss tranche that accounts for approximately 5% of the fund pool's value, designed to absorb losses from defaults or forced sales before they affect HOME holders.The underlying assets of HOME are the HELOC pools initiated by Figure Technology Solutions. According to Federal Reserve economic data, the size of U.S. HELOCs rose to $460 billion in the second quarter. Nuva Labs CEO Anthony Moro stated that traditional securitization primarily targets institutional investors, making it difficult for individual investors to access such structures. HOME does not attempt to create residential credit demand from scratch but presents an asset class with existing institutional demand in a more accessible on-chain structure. HOME holders do not directly own the underlying loans but hold tokens corresponding to the exposure of the fund pool.HOME is only available to qualified non-U.S. users, with the UK, Hong Kong, China, the British Virgin Islands, and sanctioned jurisdictions also excluded. NUVA will enforce these restrictions through wallet screening and IP address blocking.

Pepsi (PEP.O) rose about 2% in pre-market trading, after third-quarter revenue exceeded market expectations.

On Thursday during the European trading session, Dow Jones index futures fell by 0.56%, S&P 500 index futures fell by 0.28%, and Nasdaq 100 index futures fell by 0.44%.U.S. Treasury yields rose to multi-year highs, and high oil prices intensified inflation concerns. U.S.-Iran relations are tense, and the Strait of Hormuz is facing threats. The market is focused on speeches from Federal Reserve officials and a new batch of quarterly earnings reports.

Federal Reserve Governor Waller stated that the labor market was robust and stable in September, although the number of new jobs had decreased.

On October 8, the IMF published a blog based on Chapter 3 of the Global Financial Stability Report for October 2026, indicating that the tokenized market is growing rapidly but remains very small and highly fragmented. The average daily trading volume of tokenized repurchase agreements is about $300 billion to $350 billion, while other tokenized assets amount to about $65 billion, compared to an average daily volume of about $13 trillion in the U.S. repurchase market, and a total global capital market asset size of $300 trillion.The report points out that investors have shown interest in certain tokenized features, with more than half of the trades occurring outside traditional market hours, and about 80% of tokenized stock trades being less than 1 share. However, the tokenized market has lower liquidity and higher volatility than traditional markets, and cross-platform fragmentation weakens network effects. The IMF believes that legal certainty, regulatory clarity, interoperability, and secure settlement assets are four mutually reinforcing constraints.The report also warns that scaling up could amplify traditional financial risks such as sell-offs, liquidity squeezes, and contagion. Policymakers should adopt a technology-neutral approach, clarify the legal rights of tokenized assets, ensure consistent regulation for similar activities, support interoperability between tokenized platforms and the traditional financial system, and continuously monitor interconnectedness, leverage, and liquidity risks.

According to Gate market data, Deutsche Bank strategists stated that the widening bond spreads and rising inflation concerns are putting pressure on risk assets. The STOXX 600 index fell by 1%, the French CAC 40 index fell by 1.22%, and the Italian FTSE MIB index fell by 2.51%, while European bank stocks dropped by 3.38%.The S&P 500 index fell by 0.22%, with industrial and materials stocks down by 2.14% and 1.53%, respectively. The Nasdaq index and the seven tech giants fell by 0.22% and 0.2%, respectively, while the Russell 2000 index dropped by 1.31%.

Analyst Darkfost stated that the recent demand for Bitcoin in the market has significantly improved, especially as spot demand continues to rise. Currently, the total demand for Bitcoin has returned to positive territory, exceeding 14,000 BTC, while futures demand remains relatively stable, averaging about 32,000 BTC recently.Spot demand is currently around negative 17,000 BTC. Although it is still in negative territory, it has improved significantly from negative 207,000 BTC on September 20. Darkfost believes that while the current Bitcoin price is declining, market demand is gradually recovering, which is a positive market signal.

Edward Lee, who previously worked at Coinbase and Circle, announced that he has joined the prediction market platform Polymarket as the Head of Product, Exchange, responsible for the development of Polymarket US and international on-chain exchange-related products.Edward Lee stated that over the past decade, he has been involved in building the infrastructure of the cryptocurrency industry, and he will now focus on developing products that operate on top of this infrastructure. He believes that every idea should have a price, and every outcome should have a corresponding market, with prediction markets being the starting point in this direction. He also thanked Shayne Coplan and the team for their trust and expressed a welcome to regulated market and DeFi builders, traders, and partners to connect and communicate.