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Conway Research founder Sigil Wen announced the launch of Underdog, a private personal AI that can run on users' existing devices. Sigil Wen stated that Underdog has received support from a16z, Khosla Ventures, Hummingbird VC, Anthology (Anthropic and Menlo Ventures), as well as individuals and institutions in the AI field such as Patrick Collison, Naval, Guillermo Rauch, Noam Brown, Thomas Wolf, and Logan Kilpatrick.According to the announcement, Underdog's mission is to provide free, accessible, reliable, and private AI to billions of people. The team proposed Underdog's Law: that cutting-edge intelligence will reach users' devices within six months. The project will start with high-speed AI that can run on consumer-grade hardware, advancing capabilities, speed, power consumption, and data efficiency through collaborative design of models and reasoning engines.The announcement also stated that Underdog's research covers agent commerce, confidential reasoning, and how AI can reshape the internet economy, believing that privacy and capability no longer need to be mutually exclusive.

The co-founder of the real-world asset perpetual contract protocol Ostium, Kaledora, published a statement explaining the financial and revenue model of the protocol. She stated that approximately $44.7 million in total revenue over two years on Dune comes from four on-chain fees: $20.39 million in opening fees, $16.5 million in spreads, $4.75 million in rollover fees, and $3.35 million in liquidation fees.Of the aforementioned revenue, $22.14 million (49.6%) flows to the OLP treasury, $19.55 million (43.8%) is for liquidity costs, including $16.05 million for hedging and $3.49 million in hedging interest, leaving a gross profit of $2.96 million (6.6%). She noted that the total on-chain revenue does not include off-chain hedging costs, and prior to the liquidity upgrade in April, the protocol did not have the capability to monetize traffic; a security incident occurred just months after the system was upgraded.In terms of financing, Ostium raised $300,000 in 2022, $3.6 million in 2023, $4.1 million in 2024, and $19.4 million in 2025. The team is expected to expand from about 12 people in 2025 to 35 people by the second quarter of 2026, investing in costs related to data authorization, marketing, cloud infrastructure, auditing, and AI. She mentioned that the company has not reserved a balance sheet sufficient to cope with such incidents and that the silence has been too long. The next step will allow the remaining 345 OLP holders to share in business growth, with plans to announce the second phase recovery plan in the coming week.

According to monitoring by Catcher Predict, in the market prediction event on Polymarket for "LoL: GAM Esports vs Team WE - Demacia Cup Global Invitation Group Stage," the "Yes" option for the sub-market "Both teams kill a dragon" has experienced a drastic fluctuation in win rate, soaring from 52% an hour ago to the current 90.55% (a fluctuation of 38.55%). Please note the impact of related breaking news.

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.

According to the United Morning Post, as of early September, ticket bookings for the 2026 Singapore F1 race weekend have decreased by 22.92% year-on-year. As of September 21, the hotel booking rate for the race long weekend is about 14% lower than the same booking period last year.Industry players believe that this year's event coincides with China's National Day Golden Week, and the return of the Malaysian Sepang Circuit after nine years, which takes place the week before, may divert some of the crowd. At the same time, TOKEN2049 Singapore will be held at Marina Bay Sands from October 7 to 8, with officials expecting to attract over 25,000 attendees.

Digital asset media Generation Infinity (Genfinity) reported on October 2, 2026, that Luxembourg has confirmed that investment funds can issue shares natively on distributed ledgers, with relevant units existing only in token form. The account also stated that Luxembourg is the largest investment fund jurisdiction in Europe and the second-largest fund center in the world.The above confirmation corresponds to the first version of the "FAQ - Tokenisation" released the same day by the Luxembourg Financial Supervisory Authority (CSSF). The document clarifies that Luxembourg collective investment undertakings (UCI) can use distributed ledger technology to issue native shares or stocks that exist only in token form, but the operational model must comply with the applicable regulatory framework. Issuing on a distributed ledger does not determine the legal form of the underlying securities, and the relevant shares or stocks can be issued in registered or paperless form.

The developer of the decentralized lending protocol Aave, Aave Labs, has published an ARFC on the governance forum, proposing the establishment of the Aave Foundation. This entity will be a memberless foundation company in the Cayman Islands, which will hold the Aave trademark and related intellectual property for the Aave Protocol.The proposal only covers Phase 1, which includes entity registration and the appointment of initial independent directors and supervisors. The transfer of trademarks, domain names, and intellectual property of the codebase, as well as the scope of operations, will be addressed in subsequent phases and must be submitted for governance separately. Phase 1 only applies for registration, legal work, and reasonable expenses for the appointment of directors, supervisors, and secretaries, with no recurring budget; future funding must be proposed separately.The foundation is established under the Foundation Companies Act, with its charter goals limited to holding, protecting, and licensing intellectual property for the Aave Protocol. Aave Labs, DAO service providers, and their affiliates have no right to appoint directors or supervisors and cannot hold such positions. After the initial appointments, the removal and appointment of directors can only be done through an AIP. If this ARFC reaches community consensus, it will enter Snapshot, and then the related expenses will be authorized through an AIP, followed by registration in the Cayman Islands and completion of the appointments.

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 HOGE Wire, the U.S. federal fiscal year will begin on October 1, 2026, without a budget, and the Securities and Exchange Commission (SEC) will enter a funding interruption status, halting the review of new cryptocurrency ETFs. Registration statements cannot be declared effective, and opinion letters will no longer be issued. Existing products are unaffected, and BlackRock's IBIT, Fidelity's FBTC, and Grayscale-related products can still be traded and continue to process subscriptions and redemptions.Cryptocurrency ETFs need to complete both the 19b-4 submitted to the exchange and the S-1 or N-1A submitted by the issuer; both paths are paused during the funding interruption. On September 17, 2025, the SEC approved general listing standards for commodity trust shares, allowing eligible products to submit 19b-4 without needing to do so individually, reducing the review time from about 240 days to approximately 75 days; leveraged, inverse, actively managed, lending, and staking products are not included in this template. The article states that as October approaches, there are over 90 pending applications, with some deadlines at the beginning of the month. Nate Geraci told Decrypt that what the industry refers to as ETF Cryptober may be temporarily shelved, which is a delay rather than a rejection.The article also states that on March 17, 2026, the SEC and the Commodity Futures Trading Commission jointly clarified that agreement staking does not constitute a securities offering or sale. BlackRock's Ethereum product ETHB is listed on Nasdaq with a fee of 0.25% and will distribute 82% of staking rewards to investors.

The GPU infrastructure financing platform Silicon Exchange has announced its launch, positioning itself as a financing method for artificial intelligence infrastructure. Users can hold real shares of GPU infrastructure, while the platform is responsible for deployment and hosting, and computing power clients use the related hardware.Silicon Exchange stated that users can visit its official website to view the first GPU vault. The official announcement has not disclosed the scale of the vault, hardware models, financing structure, or specific profit arrangements in this post.

According to data from Delphi Digital, NEAR launched NEAR Intents, achieving the highest transaction fee revenue of the year in September.Previously, NEAR set the perpetual contracts of the high-performance decentralized derivatives trading platform Hyperliquid to privacy mode by default. Users can deposit funds from other chains and participate in trading through token swaps on NEAR Intents. After the privacy feature went live, users tended to retain their funds during trading intervals, with their confidential balance exceeding 70 million dollars on the first day of launch. Delphi Digital stated that this could be an early signal of market demand converting into actual usage rates.

NVIDIA CEO Jensen Huang held approximately 870 million shares of NVIDIA stock as of March 23, 2026, accounting for 3.58% of the company's total equity. Based on NVIDIA's stock price of $231.49 in early October, this portion of shares is valued at approximately $201 billion. According to Forbes, Jensen Huang currently has a net worth of about $200 billion, with his personal wealth primarily derived from his holdings in NVIDIA.Jensen Huang is known to be the largest individual shareholder of NVIDIA. Due to U.S. SEC regulations, individual investors holding less than 5% of shares are not required to disclose their holdings, so it is possible that there are undisclosed individual shareholders with holdings exceeding those of Jensen Huang. Major institutional shareholders currently holding more than 5% include BlackRock and Vanguard Group, with ownership percentages of 7.43% and 7.31%, respectively.Jensen Huang co-founded NVIDIA in 1993. Before NVIDIA's first stock split in 1999, he held approximately 2.9 million shares, accounting for 9.9% of the company. If he had retained those shares until now, adjusted for stock splits, it would be close to 2.8 billion shares, indicating that he has since reduced his holdings. In fiscal year 2025, NVIDIA paid him a total compensation of $35.5 million, which included a base salary of $1.5 million, a cash bonus of $3 million, and approximately $31 million in equity granted in the form of 936,800 performance stock units.

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.

According to the South China Morning Post, former U.S. officials stated that Chinese semiconductor factories have stockpiled hundreds of immersion lithography machines worth billions of dollars in recent years and urged Washington and its allies to stop further exports. The Centre for Technology & Statecraft, established in August 2026, released a report in late September estimating that by early 2026, Chinese wafer fabs had acquired approximately 343 immersion deep ultraviolet lithography systems. The report was co-authored by former U.S. export control official Nicholas Brown and former White House and Department of Commerce technology policy advisor Saif Khan.The report estimates that about 270 of these are ASML Twinscan NXT:1980i. The authors claim that although these devices lag behind extreme ultraviolet lithography machines, they can be modified for the production of 7-nanometer logic chips and advanced memory required for artificial intelligence processors (including Huawei's Ascend series). Chinese wafer fabs spent over $13 billion in 2024 to purchase about 90 NXT:1980i units, and acquired another 89 units in 2025. ASML disclosed that, by destination, China accounted for 41% of its net system sales in 2024, 33% in 2025, dropping to 19% in the first quarter of 2026 and 14% in the second quarter.Since September 2023, the Netherlands has required export licenses for the NXT:2000i and more advanced immersion deep ultraviolet equipment, effectively banning these models from being shipped to China; a year later, the licensing requirements were extended to the NXT:1980i, but this model can still be approved for shipment on a case-by-case basis.

Grayscale Research Director Zach Pandl published an article on September 28, 2026, in the company's column The Stack. The article states that among American investors, Generation Z starts investing at an average age of 19, Millennials at 25, Generation X at 32, and Baby Boomers at 35. Based on a retirement age of 65, Generation Z has an investment horizon of 46 years, which is over 50% longer than the 30-year horizon when Baby Boomers started investing.Zach Pandl: Starting to invest earlier not only benefits from compound interest but also expands the capacity to take on risk. When young, labor capital accounts for a larger proportion of wealth, and a longer horizon means more time to recover from fluctuations, as well as more future income available for continued saving and investing, thereby expanding the lifetime risk budget. He believes that the returns on digital assets are both volatile and potentially asymmetric, making them more suitable for longer and more flexible horizons.Zach Pandl also mentioned that for early investors, the cost of recent volatility may be less than the opportunity cost of missing out on long-term upside. With decades available for rebalancing, adding funds, and compounding across cycles, early starters may allocate a higher proportion to digital assets while keeping their lifetime risk balanced. Starting to invest earlier gives investors more time to absorb fluctuations, potentially enhancing the utility of digital assets in long-term portfolios.

According to Catcher Predict monitoring, in the Polymarket prediction market event "Counter-Strike: Astralis vs BIG," the sub-market "Match Winner" option "Astralis" has experienced a sharp fluctuation in winning probability, dropping from 76.5% an hour ago to the current 55.5% (a fluctuation of 21%). Please note the impact of related breaking news.

According to information from the Google Gemini application help center, starting from October 2026, the availability of models when accessing the Gemini application with a personal account will change. From October 9, 2026, free personal users on the Gemini web and app versions will no longer have default access to the full Flash model and Pro model, and will be uniformly adjusted to the smaller and lighter Flash-Lite model.After the change takes effect, non-subscribers will only be able to use Flash-Lite and will not have access to Flash and Pro. The AI Plus plan will have access to Flash-Lite and Flash, but Pro model access will no longer be provided. Users subscribed to this plan will receive an email explaining when the changes will take effect for them. Users of the AI Pro and AI Ultra plans will still have access to Flash-Lite, Flash, and Pro.

The Solana token issuance platform Stonk has launched the "Community Coin." Holders of the Community Coin can now earn holder rewards from new Memes paired with it.Each Meme launched in community mode shares 33% of its holder rewards with eligible community holders, while the remaining 67% goes to the Meme's own holders. The first batch of Community Coins includes USELESS, PENGU, ZCAT, ANSEM, and NEET.