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Tuesday, 10/06/2026

Yili Hua: Currently, project parties in the market lack a spirit of contract, which constitutes a credibility risk; trading platforms should focus on examination

Liquid Capital founder Yi Lihua stated that there is currently a "fatal" problem in the cryptocurrency industry, which is that some projects lack a spirit of contract, resulting in situations where users cannot withdraw their BTC after depositing, arbitrary deductions of investors' assets, and forced modifications of terms.He believes that such behaviors pose indiscriminate credibility risks to VCs, KOLs, and secondary market investors, and suggests that trading platforms incorporate the credibility of project parties as a key assessment indicator.In the traditional stock market, companies involved in fraud typically face penalties or delisting rules. He mentioned that he is actively seeking secondary market projects that are profitable, capable of buybacks, and have credibility, and welcomes relevant projects or investors to communicate via private messages or to meet in person in Singapore soon.

Analyst: Bitcoin Bull Market Signals Remain Strong, but Missing Spot Buying Is the Final Piece

Odaily News: Crypto analyst Darkfost posted on X that the Bitcoin Bull Score Index remains in a clearly bullish zone, currently at 80/100, with multiple indicators continuing to support BTC's upward momentum.

Darkfost noted that the only relatively lagging factor at present is spot demand. As previously observed, spot trading volume in the market remains low, so there is not yet obvious spot buying demand at this stage. He believes that spot demand is the key missing factor in the current BTC market trend, and this component is often the last to form.

Yi Lihua: Exchanges Strongly Urged to Make Project Credibility a Key Screening Metric

Odaily News: Liquid Capital founder Yi Lihua posted on X: "Many projects have no spirit of contract. Users deposit BTC and are not allowed to withdraw it; investors' coins are arbitrarily deducted; terms are forcibly modified. This is no different from robbery. It poses an indiscriminate credibility risk to VCs, KOLs, and secondary investors. I strongly urge exchanges to make project credibility a key screening metric. In traditional stock markets, companies involved in fraud face penalties or delisting rules."

South Korea Plans to Launch $3.5 Billion Frontier AI Model Development Project Next Year

Odaily News: South Korea's Ministry of Science and ICT said that South Korea plans to launch a frontier artificial intelligence model research and development project worth 4.7 trillion won (about $3.5 billion) starting in March 2027, aiming to secure a place in the race for cutting-edge artificial intelligence.

The ministry said it plans to select a lead developer through a public bidding process after the National Assembly approves the 2027 budget in December, with the winner potentially announced as early as February. The South Korean government plans to combine national equity investment with private funding and concentrate computing chips, data, and talent into the project. The project will be open to a variety of entities, including single companies, corporate alliances, and special purpose entities, and hopes to have startups, companies, universities, and researchers play a leading role.

Moonshot AI Completes Pre-IPO Funding at $50 Billion Valuation

Odaily News: Moonshot AI has completed its final private funding round at a valuation of approximately $50 billion and is pushing ahead with an initial public offering (IPO) in Hong Kong in the first quarter of next year, according to people familiar with the matter. The company has also begun preparing to gauge investor interest and could start preliminary talks with investors as early as this month, the sources said. Discussions are still ongoing and the timing of the IPO may change, the people said.

Predict.fun: may imply an upcoming token issuance

The prediction market platform Predict.fun posted on platform X "Soon," accompanied by an image of a token with the letter "P," suggesting that it will soon launch its platform token. Currently, the official information regarding the token's name, issuance time, and specific mechanisms has not been announced.

Hunter Biden Again Defends LAPTOP Token, Says Wallet Records Prove Project Is Not a Scam

Odaily News: Hunter Biden posted on X, reposting the latest interview content, once again responding to allegations that the previously launched LAPTOP token was a scam.

Hunter Biden said that when the LAPTOP token launched, a market maker provided about $5,000 in liquidity, so a $6 buy could push its market cap up by about 5%. Hunter Biden also stated that the relevant wallet records can prove the project is not a scam, and responded to outside questions about the LAPTOP token's trading in its first minute and the project's transparency. He also said many Democrats misunderstand the crypto industry.

Ansem: This cycle is closer to the DeFi expansion of 2020-2021, as stablecoins and tokenized stocks are opening up new markets

Cryptocurrency trader Ansem posted that he believes correlating the current cycle with the markets of 2020, 2023, or 2024 has limited reference value. For him, the closest environment to the current one is the DeFi expansion from 2020 to 2021, when a brand new business sector brought billions of dollars into the blockchain.In this cycle, stablecoins, especially tokenized stocks, are opening new markets while attracting participation from retail investors, institutions, and developers. New fields will bring new capital flows, products, and a large amount of speculative activity, which is the framework he uses to analyze this cycle.

Polymarket Launches Prediction Market Protocol V2 With Simplified Position and Collateral Architecture

Odaily News: Rajath Alex posted on X that Polymarket has launched its next-generation prediction market smart contract system, Protocol V2. V2 uses a single ERC1155 position contract, pUSD as unified collateral, a single exchange, and a single router. It initially supports binary, atomic negative risk, incremental negative risk, and combinatorial markets, with settlement compatible with UMA and Chainlink oracles. The code has been audited by Cantina, Certora, and other firms, with Certora completing formal verification and bug bounties of up to $5 million. Canary trial markets launched from October 5 to October 30, and new markets are expected to enable V2 on November 2. Existing CTF markets and positions remain unchanged, and Data API V2 will launch simultaneously.

US HYPE Spot ETFs See $2.71M Net Outflow in a Single Day

Odaily News: According to SoSoValue data, HYPE spot ETFs recorded a total net outflow of $2.7059 million on a single day yesterday (October 5, US Eastern Time).

Yesterday, only the 21Shares Hyperliquid ETF (THYP) saw a net outflow, with a single-day net outflow of $2.7059 million. Its total historical net inflow currently stands at $52.1449 million.

As of press time, the total net asset value of HYPE spot ETFs is $515 million, the HYPE net asset ratio is 2.44%, and cumulative historical net inflows have reached $343 million.

US SOL Spot ETFs See $9.25 Million in Single-Day Net Outflows

Odaily News: According to SoSoValue data, SOL spot ETFs recorded total single-day net outflows of $9.2451 million yesterday (October 5, US Eastern Time).

The SOL spot ETF with the largest net outflow yesterday was the Bitwise Solana Staking ETF (BSOL), with single-day net outflows of $7.1213 million, bringing its total historical net inflows to $1.212 billion.

Next was the Fidelity Solana Fund ETF (FSOL), with single-day net outflows of $2.1238 million, bringing its total historical net inflows to $232 million.

As of press time, the total net asset value of SOL spot ETFs stands at $1.93 billion, with a SOL net asset ratio of 2.72%, and cumulative historical net inflows have reached $1.599 billion.

Tom Lee: BMNR Outperforms ETH by 731 Basis Points in First 9 Months of the Year

Odaily News: Tom Lee posted on X that as the crypto market enters what he considers a bull cycle, ETH fell 10% in the first 9 months of 2026, while Bitmine's BMNR stock fell only 3%, outperforming by 731 basis points. BMNR repurchased 21 million shares in 2026; in the third quarter of 2026 to date, ETH has outperformed the S&P 500 by 6,832 basis points.

U.S. lawmakers propose a bill: aiming to prohibit federal candidates from trading contracts related to their own election in prediction markets

According to CNBC, U.S. Democratic Congressman Don Davis proposed the "No Betting on Your Own Race Act," which aims to prohibit federal office candidates from trading prediction market contracts related to their own election results.Under the bill, violators will be fined at least $10,000 or three times the net profits from the related trades, whichever is higher. Before this proposal was introduced, Davis's Republican opponent in North Carolina's 1st Congressional District, Laurie Buckhout, was fined nearly $2,600 for trading Kalshi contracts related to her candidacy and was suspended from trading on Kalshi for three years.