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Odaily News: Soneium announced it is advancing IP standardization and plans to support the onchain IP asset and license registry standard ERC-8432. The standard was published on Ethereum Magicians on September 28, aiming to provide a universal interface for AI agents to interact with tokenized IP, enabling rights holders to register tokenized IP and attach licensing terms, based on which AI agents can verify authorization and acquire the protocol in a single transaction.

Odaily News: Vitalik Buterin shared Nethermind's development progress and said that Nethermind is continuously improving Ethereum's efficiency and operating speed. Nethermind core developer Ben Adams said that its Beacon Chain plugin has completed syncing and is ready for the Glamsterdam fork on Sepolia; running Ethereum's execution layer and consensus layer as a single application appears to bring no significant additional memory overhead. The Ethereum Foundation previously confirmed that Glamsterdam will activate on Sepolia on October 6, and Nethermind 2.1.0 already supports this upgrade.

Odaily News: Wells Fargo raised its price target on Meta Platforms from $796 to $1,000, and on Alphabet from $411 to $417.

Odaily News: Adam Iza, a 26-year-old crypto figure, was sentenced to 78 months in prison and ordered to pay $23,402,800 in restitution for hiring off-duty Los Angeles County Sheriff's Department deputies to harass dispute opponents, defrauding Meta of more than $37 million, and concealing the proceeds through a crypto custodian.

Adam Iza had previously been sentenced to 15 years in prison for attempted bitcoin robbery. The 78-month sentence will run concurrently with that judgment, so his actual time served will not increase. Five former Los Angeles County Sheriff's Department deputies were convicted for their involvement in the related activities.

Between December 2020 and 2022, Adam Iza obtained Meta business management accounts and associated lines of credit and resold them to advertising companies, causing Meta clients to be charged for ads they had not purchased. He received at least $36,360,800 in revenue through company accounts, causing a loss of $13,286,200 to the Internal Revenue Service, while also concealing ownership of Zort and transferring company revenue to a crypto custodian. (Decrypt)

Odaily News: The Hong Kong government has reaffirmed that it will submit an amendment to the crypto asset licensing bill by the end of 2026, establishing a licensing regime covering digital asset trading, custody, advisory, and management services. Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, said the amendment will respond to developments in the fintech sector.

In January this year, Christopher Hui disclosed that regulators planned to submit crypto asset regulatory proposals by the end of 2026. The Hong Kong Monetary Authority (HKMA) has begun processing stablecoin issuer license applications and in April issued the first batch of stablecoin issuer licenses to Anchorpoint Financial and Hongkong and Shanghai Banking Corporation. (Cointelegraph)

Odaily News: Citi raised its price target on AMD (AMD.O) from $575 to $800. (Jinshi)

Odaily News: Spencer Applebaum, co-head of venture capital at Multicoin Capital, disclosed that HYPE remains Multicoin Capital's largest holding. Prediction markets show a 68% probability that HYPE will reach $100 in October.

Odaily News: Pump.fun holds $2.8 billion in on-chain assets, of which $2.19 billion is its PUMP token, distributed across multiple wallets; it also holds $336 million in wrapped SOL and $215 million in USDC and USDT. The relevant wallets include the PumpSwap liquidity pool, which holds hundreds of Meme coins issued by the platform, among which TROLL is worth $1.69 million, making it the Meme coin with the highest holding value.

Odaily News: NEAR Protocol announced that MyNearWallet, a non-custodial wallet in the NEAR ecosystem, will cease operations on October 31, and users need to migrate to a new wallet or access method. NEAR Protocol emphasized that user assets remain stored on-chain and are not custodied by MyNearWallet, so the wallet's retirement will not affect the on-chain assets themselves. The official team recommends that users conduct a small test transaction before migrating and retain their original wallet recovery information until they confirm all balances have been transferred. MyNearWallet will gradually shift to migration and recovery functions going forward.

Odaily News: Bridgewater Associates founder Ray Dalio said on October 6 that the US could face a debt crisis within three years, with interest expenses squeezing the federal budget. US annual revenue is about $5.5 trillion and spending is about $7.5 trillion, leaving a fiscal gap of nearly $2 trillion; federal debt held by the public is about $32 trillion, with annual interest of about $1 trillion.

The US 10-year Treasury yield closed at 5.31% on October 5, while the 30-year yield was 5.66%. Japan held $1.10 trillion in US Treasuries in July, down from $1.24 trillion in February; its 10-year government bond yield rose to 3.12% on October 1, the highest since August 1996.

Ray Dalio proposed a "3% three-part plan" to reduce the fiscal deficit ratio from about 6% of GDP to 3% by cutting spending, increasing tax revenue, and lowering interest rates; he recommended allocating 10% to 15% of a portfolio to gold and keeping only a small portion in Bitcoin.

On October 6, Bitcoin was priced at about $85,630, about 32% below its all-time high of $126,080 and down about 3.5% year to date; gold futures fell about 4.2% over the same period. (Bitcoin.com News)