News Center

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.

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.

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.

Odaily News: U.S. Democratic Representative Don Davis of North Carolina introduced the "Ban on Betting on Your Own Election Act" on Monday, which would prohibit federal candidates for public office from trading contracts related to their own elections on prediction markets. Violators would face a fine of $10,000 or three times the net trading profit, whichever is higher. The proposal stems from Davis's Republican opponent, Laurie Buckhout, who previously settled with a platform over trading contracts related to her own candidacy, paying a fine of slightly less than $2,600 and being suspended from the platform for three years. Prediction market platforms had already restricted candidates from trading contracts on their own elections, and Davis hopes to write such restrictions into law; however, because the House and Senate are not scheduled to reconvene until after the midterm elections, the proposal is almost impossible to implement during this election cycle.

Odaily News: Andre Cronje posted on X that he has long believed NFTs can and should carry functionality beyond being "JPEG image wrappers." In its first sale, the Flying Tulip project issued perpetual options to participants. These options are issued as ERC-721 NFTs and include FT tokens as well as the right to redeem invested funds if the project's direction does not meet expectations. Andre Cronje said the design provides investors with "full downside protection while retaining upside exposure." Users can trade FT tokens on the secondary market and also purchase PUT options on Flying Tulip's perpetual options market.

Odaily News: Singapore-based fintech company IPID announced it has completed a $16 million Series A funding round led by Foundation Capital, with participation from Citigroup, HSBC, and existing investors QED Investors, Monk's Hill Ventures, and Quona Capital. The new funds will be used to optimize its global payment intelligence network and expand into U.S. payment rails, stablecoins, and digital asset markets.

Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has issued a "no-action" relief allowing designated contract markets (DCMs) to convert certain existing contracts that already substantively possess perpetual contract characteristics into "true" perpetual contracts without expiration dates. The relief is valid until October 20. Exchanges must solicit the views of holders of open positions before conversion, provide advance notice and an opportunity to exit, and offer risk disclosures.

Odaily News: The crypto industry political action committee Fairshake announced it will support 32 House candidates in the 2026 U.S. midterm elections, including 19 Republicans and 13 Democrats, and plans to initially invest $1 million each in 6 of them, totaling $6 million. The 6 supported candidates include Democratic Representatives Janelle Bynum, Derek Tran, and Steven Horsford, as well as Republican Representatives French Hill, Bill Huizenga, and Bryan Steil. Fairshake spokesperson Geoff Vetter said the organization supports candidates from both parties who promote the development of the crypto industry and American innovation.

Odaily News: Zach Pandl posted on X that Bitcoin's cumulative return over the past three years was about 225%, while the Nasdaq returned about 109% over the same period, but BTC's gains were highly concentrated in a small number of trading days. If the best 5, 10, and 15 trading days of the past three years are excluded, BTC's cumulative return would fall to 95%, 27%, and an 11% loss, respectively; by comparison, the Nasdaq's cumulative return would still be 21% after excluding the best 15 trading days. Pandl noted that less than 0.5% of trading days over the past three years contributed gains large enough to cut BTC's cumulative return by more than half, and BTC's best trading days cannot be reliably predicted.

Odaily News: According to on-chain analyst Yu Jin, Meme trading platform GMGN (0x5d044...8960db) deposited 12,000 ETH in fee revenue earned on Robinhood Chain into Ethereum for staking 6 hours ago, worth approximately $32.57 million. Robinhood Chain has been live for 3 months, and GMGN has earned only about 24,500 ETH in fee revenue on the chain, worth approximately $66.54 million.

Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) on Monday initiated a rulemaking process aimed at establishing a unified federal regulatory framework for leveraged and margined spot trading of crypto assets for retail customers.

The CFTC is considering two sets of rules, Regulation CTX and Regulation CAM, to create a new registration category called "Crypto Asset Market." Qualifying crypto trading platforms could offer leveraged and margined spot trading to retail users under CFTC oversight, subject to unified federal regulatory standards.

This framework would provide an alternative compliance path for crypto exchanges currently operating under state licenses. However, the CFTC made clear that without congressional authorization, the agency cannot compel all crypto asset trading to migrate to CFTC-registered platforms.

CFTC Chairman Michael Selig said the move is an important step toward keeping the U.S. as the "global crypto capital," adding that American investors need clearer rules, regulatory certainty, and consumer protection.

Overall, the CFTC is attempting to use its existing authority to first establish a federal framework for retail crypto leverage trading, rather than waiting for Congress to pass comprehensive market structure legislation. If ultimately implemented, U.S. crypto exchanges could for the first time gain a nationally unified regulatory pathway for retail leveraged spot trading, but the CFTC's mandatory jurisdiction over the entire crypto spot market still depends on congressional legislation.