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According to Bitcoin.com News, the Brazilian presidential election will be held on October 4, and the results may affect the country's leading global cryptocurrency adoption rate and cryptocurrency policy direction. Incumbent President Lula will face off against former President's son Flavio Bolsonaro.If incumbent President Lula is re-elected, it is expected that he will strengthen regulatory and compliance requirements, as the central bank has enhanced oversight of exchanges and may push for taxation on stablecoin transactions (which had been postponed due to the election). If former President's son Flavio Bolsonaro wins, his stance on cryptocurrency is unclear, and there is no record indicating that he has ever mentioned cryptocurrencies. However, he has previously defended individuals associated with the "Bitcoin Pharaoh" pyramid scheme.

Hyperdash co-founder Hans stated that Hyperliquid's AQAv2 mechanism has formed a new source of revenue. The AQAv2 treasury wallet completed its first payment, paying $14.58 million for the USDC reserves held by the trading platform over the past 30 days. The related funds will enter the aid fund for purchasing HYPE.According to this mechanism, after users bridge USDC to Hyperliquid, Circle will mint corresponding assets on HyperEVM and charge daily for the treasury balance, settling every 30 days. Coinbase and Circle each staked 500,000 HYPE; if payments are not made on time, Coinbase could lose 2% of its staked amount daily. Hans mentioned that Hyperliquid's previous revenue mainly came from trading fees, while AQAv2 allows the platform to earn revenue from the margin deposits themselves, regardless of whether the related funds participate in trading.The first payment covers the period from August 26 to September 24, with an implied average rate of about 3.14%, estimating an annualized revenue of approximately $193 million based on current scale. From January 1 to September 30 this year, Hyperliquid's open contracts increased from $7.72 billion to $16.4 billion, and the platform's margin rose from $4.34 billion to $7.22 billion. During the same period, perpetual contracts accumulated a trading volume of about $2 trillion, and the protocol earned $493.3 million in fees, equivalent to about 2.46 basis points charged per dollar of trading volume. Based on this year's average trading speed and current AQAv2 rates, each $1 of margin can contribute about 15.4 cents in revenue to the protocol annually, with approximately 12.5 cents coming from trading fees and about 2.8 cents from AQAv2. Hans expects that under the baseline scenario of a 20% annual growth in stablecoin scale and Hyperliquid maintaining its current market share of about 8.7%, the protocol's annual revenue could increase from the current approximately $1.11 billion to $2.4 billion by the end of 2030.

According to on-chain analyst @ai_9684xtpa's monitoring, a certain address opened a position on Hyperliquid for the first time, going long on 121.23 BTC with 7x leverage, valued at 10.27 million USD, with an opening price of 84,918.9 USD, currently incurring a loss of 20,000 USD.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 9.297 billion USD, with long positions at 4.344 billion USD, accounting for 46.73%, and short positions at 4.953 billion USD, accounting for 53.27%. The profit and loss for long positions is 523 million USD, while the profit and loss for short positions is -572 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a full margin at a price of 2304.06 USD, currently showing an unrealized profit and loss of -40.7953 million USD.

According to monitoring by Lookonchain, the well-known whale Corus (0x807...aca1) has spent $200,000 to accumulate 7.14 million EDEL.This trader has made a profit of $34.95 million on Hyperliquid and still holds 137,100 HYPE, valued at $12.27 million. EDEL has risen 750% in the past two months.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $50.6508 million, with long positions liquidated at $23.5322 million and short positions liquidated at $27.1186 million. Among them, Bitcoin long positions were liquidated at $1.6567 million, Bitcoin short positions at $1.5092 million, Ethereum long positions at $0.8897 million, and Ethereum short positions at $1.7562 million.In addition, in the last 24 hours, a total of 40,713 people were liquidated globally, with the largest single liquidation occurring in Hyperliquid - PARA:10Y-USD worth $523,000.

Alon, co-founder of Pump.fun, stated that two months after the launch of the platform's $15 million Callout reward program, it was found that the initial mechanism inadvertently incentivized undesirable behavior, leading to a flood of low-quality content and weakening users' willingness to continuously create high-quality content.Pump.fun subsequently adjusted the reward algorithm to place greater emphasis on content quality rather than the quantity of posts. According to the new mechanism, the more Callouts a user posts each day, the lower the marginal returns from the new content. Alon mentioned that the reward mechanism is still undergoing iterations, but there is still a lot of work to be done to ensure that a large number of users can sustainably produce high-quality content over the long term.He also stated that the rewards currently cover both top accounts and accounts with fewer than 10 followers, with no favoritism or preferential treatment. Alon suggested that users focus on recommending quality tokens, building trader trust through content, and earning rewards based on the trading volume generated by their Callouts. He emphasized that simply flooding the platform with Callouts or dumping tokens to followers will not yield sustainable returns.

Bitcoin News posted on platform X that the SEC plans to propose new rules under the 1940 Act, allowing investment advisors to directly hold related assets when no qualified custodian is willing to custody Bitcoin and other digital assets.The SEC stated that traditional custodians typically refuse to custody such assets, creating a compliance gap in the existing custody framework. The proposal will initiate a 60-day public comment period after its publication in the Federal Register.

According to Coinglass data, if ETH falls below $2,554, the cumulative long liquidation intensity on major CEXs will reach $730 million. Conversely, if ETH breaks above $2,797, the cumulative short liquidation intensity on major CEXs will reach $654 million.

According to Coinglass data, if BTC falls below $80,715, the cumulative long liquidation intensity on major CEXs will reach $1.045 billion. Conversely, if BTC breaks above $88,458, the cumulative short liquidation intensity on major CEXs will reach $1.003 billion.

According to Iranian media reports, Iran is reviewing a new proposal from the United States transmitted through Qatar. This proposal outlines a roadmap and timeline for final negotiations based on the Islamabad framework, but seeks to initiate nuclear talks sooner.Iran continues to insist that the United States must first fulfill its commitments, including sanctions relief and the release of frozen funds, with its seven main conditions remaining unchanged. Negotiations with Oman regarding a new shipping route in the Strait of Hormuz have also made progress.

According to CoinDesk, Iana Dimitrova, CEO of the London-based payment infrastructure company OpenPayd, told CoinDesk that the company expects to complete its merger with Titan Acquisition Corp. and go public on Nasdaq by the end of this year. The transaction is still subject to conditions such as the effectiveness of the registration statement with the U.S. Securities and Exchange Commission and approval from Titan's shareholders, with the stock ticker expected to be OP after listing. According to the announced terms, the transaction implies a valuation of OpenPayd of up to $1.1 billion.OpenPayd provides account, foreign exchange, and domestic and international payment services to businesses such as Kraken, B2C2, and OKX, and offers infrastructure for converting between fiat currencies and stablecoins, having integrated with the Circle payment network and Fireblocks payment network. Last month, the company incorporated MSB USA Inc. and its 43 state-level money transmission licenses into the group, planning to launch services for U.S. customers by April 2027.For the fiscal year ending April 30, 2026, the company reported revenue of $73 million, up from $57 million in the previous fiscal year, with EBITDA of $13 million and a net loss of $2.8 million. A company spokesperson stated that the loss was entirely due to $5.8 million in one-time transaction costs related to this merger.Dimitrova stated that the company intends to acquire businesses that can provide licenses or technology to accelerate its entry into new markets. Going public will provide funding and publicly traded stock that can be used for transactions and collaborations. The company is also considering conducting a private placement before the merger to raise growth capital.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Dota 2: LGD Gaming vs GamerLegion - BLAST Slam Last Chance Qualifier," the "LGD Gaming" option in the sub-market "Match Winner" has experienced a sharp fluctuation in win probability, dropping from 52.5% an hour ago to the current 37.5% (a fluctuation of 15%). Please note the impact of related breaking news.

Circle, the issuer of USDC, submitted a proposal to the European Commission advocating for the revision of the rules regarding overseas stablecoins in the Markets in Crypto-Assets Regulation (MiCA) and the establishment of a recognition mechanism for overseas issuers. Circle suggested that overseas stablecoin issuers should primarily be regulated by their home jurisdiction's regulatory authorities, and after obtaining equivalence recognition from relevant parties and the European Banking Authority (EBA), local licensed entities in the EU would be responsible for distribution.This mechanism also allows euro stablecoins to circulate in overseas jurisdictions. Circle also requested the removal of the requirement for electronic money token issuers to hold 30% of reserve assets in commercial banks; the proportion for "significant" electronic money tokens is 60%. The company believes that this requirement increases exposure to credit risk and counterparty risk in the banking sector.

According to Coinglass data, if ETH breaks through $2,813, the cumulative short liquidation intensity on mainstream CEX will reach $907 million. Conversely, if ETH falls below $2,547, the cumulative long liquidation intensity on mainstream CEX will reach $779 million.

According to Coinglass data, if BTC breaks through $89,015, the cumulative short liquidation intensity on mainstream CEX will reach $1.469 billion. Conversely, if BTC falls below $80,663, the cumulative long liquidation intensity on mainstream CEX will reach $1.189 billion.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $349 million, with long positions liquidated at $307 million and short positions liquidated at $42.698 million. Among them, Bitcoin long positions were liquidated at $71.2601 million, Bitcoin short positions at $5.2742 million, Ethereum long positions at $65.0079 million, and Ethereum short positions at $4.654 million.In addition, in the last 24 hours, a total of 88,900 people were liquidated globally, with the largest single liquidation occurring on Binance - ZECUSDT worth $4.5079 million.

On October 1, Nasdaq-listed company OpenWorld, Inc. (stock ticker: OPNW) announced in Las Vegas its intention to acquire Blocksight Holdings Co. The transaction is subject to final approval by the OpenWorld board and the signing of final documents, with both parties finalizing the relevant documents. The company stated that it does not guarantee that the documents will be signed or that the transaction will be completed.Blocksight builds an artificial intelligence agent platform for putting real-world assets on-chain and continuously providing investor reports. The agent covers trade construction, asset data verification, investor introduction, daily reports, and ongoing services, operating across multiple chains and directly connecting to distribution platforms, with key decisions requiring human approval. The proposed acquisition aims to support the still-in-development OpenWorld Enterprise, allowing institutions to access, verify, and hold tokenized real-world asset opportunities, with OpenWorld potentially acting as a co-principal and co-architect.If the transaction is completed, Blocksight co-founders Patrick Kim and Peter Hong are expected to join OpenWorld to assist with technology integration. OpenWorld co-founder and CEO Matthew Shaw stated that the proposed acquisition is an important step for the company as it begins its journey as a publicly listed company and may strengthen its institutional-facing tokenized real-world asset platform foundation. The announcement was made in conjunction with the company and VerifyMe, Inc.

According to a report by Financial Associated Press, Tesla's official website released data on October 2, showing that third-quarter deliveries reached 486,532 vehicles, exceeding analysts' average expectation of 463,761 vehicles; during the same period, production was 464,391 vehicles, and energy products deployed amounted to 13.7 gigawatt-hours. This delivery volume is lower than the 497,099 vehicles delivered in the same period last year, which was a record at the time, primarily because American consumers concentrated their purchases before the federal electric vehicle purchase incentives were canceled.Deliveries of Model 3 and Model Y in the third quarter totaled 478,237 vehicles, accounting for approximately 98.3% of the total deliveries for the quarter. Financial Associated Press reported that Tesla has ceased production of the higher-priced Model S and Model X, leaving only Model Y, Model 3, and Cybertruck available for consumer sales, and mentioned the revamped Roadster, which has begun production of a version without a steering wheel and pedals, as well as the sale of the Semi all-electric heavy truck.StoneX analyst Mickey Legg stated that the deliveries were better than expected, which could provide upside potential for automotive business forecasts, but there are still questions regarding the energy business. Financial Associated Press noted that Musk is pushing the company to shift towards artificial intelligence, autonomous vehicles, and humanoid robots, with plans to invest over $25 billion this year to expand factories and establish a Robotaxi business. Regulatory documents this week showed that the company has secured $30 billion in new loans and credit lines. Tesla's stock price rose nearly 6% during the day.

According to the market intelligence platform Liquid24/7.xyz, the Hyperliquid address 0x7fdafd...17d1 currently holds a short position of 33,717.52 ETH, with a nominal value of approximately 90.35 million USD; at the same time, it holds a short position of 448.65 BTC, with a nominal value of approximately 37.93 million USD.At the time of writing, ETH is quoted at 2,679.60 USD, and BTC is quoted at 84,547 USD. The average opening price for the ETH short position is approximately 2,642.84 USD, and the average opening price for the BTC short position is approximately 84,469 USD. Currently, the total unrealized loss for both positions is approximately 1.2742 million USD.