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The cryptocurrency exchange platform Coinbase has obtained a Financial Services License (FSP) issued by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This license allows it to arrange investment transactions and provide custody for tokenized securities. Coinbase describes this license as the regulatory foundation for its international tokenization hub and the first of its two major non-U.S. institutional businesses established in the UAE, the other being its derivatives business in Dubai.According to the scope of the license, the FSP covers the arrangement and custody of tokenized stocks fully backed by underlying shares. Holders of digital securities can gain economic exposure such as dividends, while voting rights and redemption rights are subject to the conditions outlined in each prospectus. Coinbase states that investors only need a crypto wallet to trade, and secondary transfers do not require a brokerage account or banking relationship, but redeeming profits for fiat currency still requires a bank or brokerage account.Brett Tejpaul, Co-President of Coinbase Institutional: Currently, there is no major financial center that has established a framework that simultaneously regards tokenized stocks as securities, blockchain-native tokens, and composable DeFi assets. Arvind Ramamurthy, Chief Market Development Officer of ADGM, stated that the Coinbase hub reflects the center's progressive, robust, and internationally aligned regulatory framework. The FSRA issued its first virtual asset rules in 2018, which include protective measures such as sanctions screening and the ability to freeze or seize assets at the wallet level. ADGM applies English common law, and the FSRA's authority differs from that of the UAE Securities and Commodities Authority; registered entities do not automatically obtain a passport in other Gulf Cooperation Council jurisdictions.

According to the token unlocking data from the crypto asset data platform RootData, STEPN (GMT) will unlock approximately 55.31 million tokens at 8:00 AM Beijing time on October 9, with a value of about 2.43 million USD.

According to GMGN data, the top 5 tokens with net inflow from KOL in the past 24 hours are as follows:test (7cYa....wny): Net inflow of $4,000, with a 24-hour increase of 12793%, currently priced at $0.0005.NVDAx (Xsc9....qEh): Net inflow of $4,000, with a 24-hour increase of 0.7%, currently priced at $232.1706.LUCY (CnbD....tXa): Net inflow of $1,000, with a 24-hour increase of 3358.8%, currently priced at $0.0002.PUMP (pump....Dfn): Net inflow of $888, with a 24-hour decrease of -0.1%, currently priced at $0.0058.PUMPERS (HdHP....TKs): Net inflow of $717, with a 24-hour increase of 849.5%, currently priced at $0.0001.

AI native cloud platform GMI Cloud announced the completion of a new round of financing totaling $668 million, including $223 million in Series B equity financing and $445 million in credit financing, led by the investment company ARCHIV, with participation from NVIDIA.The company stated that its inference platform processes approximately 40 trillion tokens per week, with clients including Fireworks, Nous Research, OpenRouter, Trend Micro, and others.

According to GMGN data, the top 5 tokens with net inflow of smart money in the past 24 hours are as follows:SI (DEW9....WDP): Net inflow of $2,000, with a 24-hour increase of 98.1%, currently priced at $0.0415.AQUA (AQVc....yY9): Net inflow of $2,000, with a 24-hour decrease of -29.5%, currently priced at $0.0015.JEANPHIL (GTBx....ump): Net inflow of $2,000, with a 24-hour decrease of -9.2%, currently priced at $0.0035.GARP (FKPd....SHo): Net inflow of $2,000, with a 24-hour increase of 4897%, currently priced at $0.0002.NUTFLEX (9a2v....vWi): Net inflow of $1,000, with a 24-hour increase of 3528%, currently priced at $0.0002.

The cryptocurrency trading platform BTSE, under BTSE Exchange Pte Ltd (BTSE Bhutan), announced that it has received a financial services license from the Gelephu Financial Services Office (GFSO) of the special administrative region of Gelephu, Bhutan. The company received preliminary approval in April 2026, and this license confirms that it has met all the prerequisites.The license authorizes the operation of a virtual asset multi-lateral trading facility and the provision of institutional-level virtual asset custody services. The company will begin onboarding users in the coming weeks, with spot trading initially only available for BTC/USDT and ETH/USDT. More trading pairs and fiat currency exchanges will be rolled out in phases, and customer assets will be placed under licensed custody arrangements in accordance with regulatory requirements.

ITC Crypto founder Benjamin Cowen published a post questioning the bearish outlook for Bitcoin in Q4, stating that from a technical perspective, the current market trend is favorable for bulls. Currently, the price of BTC is less than 1% away from the May peak, making it difficult to draw conclusions about the future market before entering the fourth quarter.

According to GMGN data, the top 5 trending sector tokens in the past 24 hours are as follows:e/acc (Cbcy....KoU): Currently priced at $0.0074, market cap of $7.21 million, 24h change -28.1%, 24h trading volume $30.52 million, number of trades 149,970;PAID (98kf....ump): Currently priced at $0.0274, market cap of $25.58 million, 24h change -23%, 24h trading volume $28.28 million, number of trades 92,960;STONK (6GmA....Ngx): Currently priced at $0.2587, market cap of $300 million, 24h change -8.4%, 24h trading volume $25.96 million, number of trades 83,145;NEAR (3ZLe....wBG): Currently priced at $5.2541, market cap of $13.89 million, 24h change +3.5%, 24h trading volume $14.01 million, number of trades 89,011;ZEC (A7bd....XaS): Currently priced at $1569.46, market cap of $200 million, 24h change -4.2%, 24h trading volume $24.06 million, number of trades 84,814;

According to on-chain analyst Ai Yi (@ai_9684xtpa), the GMGN associated address deposited 6,100 ETH to Coinbase, worth approximately 16.38 million USD.Looking back, this ETH was transferred from the Robinhood network to the Ethereum mainnet 6 days ago, possibly as revenue from transaction fees on the Robinhood network.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:SI (DEW9....WDP): Net inflow of $20,000, with a 24-hour increase of -20.1%, currently priced at $0.0053.NVDAx (Xsc9....qEh): Net inflow of $9,000, with a 24-hour increase of -0.4%, currently priced at $224.7415.GRASS (Gras....Xjs): Net inflow of $8,000, with a 24-hour increase of 0.5%, currently priced at $0.4477.CARDS (CARD....Yjp): Net inflow of $7,000, with a 24-hour increase of -0.1%, currently priced at $0.1675.COLLECT (nDZk....ump): Net inflow of $4,000, with a 24-hour increase of 23242%, currently priced at $0.001.

The multi-chain Meme trading terminal GMGN released a recruitment notice on September 23, seeking talent globally, with 8 key positions available.This recruitment focuses on two main areas: product management and research and development. In the product management area, there are three positions: social community, user conversion, and on-chain trading, all based in Hong Kong and requiring full-time commitment. In the research and development area, there are five positions: EVM trading routing engineer, on-chain data development engineer, senior backend development engineer, senior blockchain development engineer (cross-chain direction), and smart contract engineer (Launchpad direction). Resumes should be sent to [email protected] stated that the team is dedicated to building the fastest multi-chain Meme trading terminal in the world, with members being deep on-chain users themselves. Recently, GMGN's perpetual contract trading feature was opened for public testing on September 21 and has supported 7 launch platforms including Pons on the Robinhood Chain.

GMGN co-founder Haze posted on the X platform stating that the perpetual contract trading feature of the GMGN platform is officially open for public testing. Everyone is welcome to experience it and provide feedback.

According to GMGN data, the top 5 trending sector tokens in the past 24 hours are as follows:ZEC (A7bd....XaS): Currently priced at $1519.12, market cap of $200 million, 24h increase of +5%, 24h trading volume of $74.06 million, number of trades 420,025;JEANPHIL (GTBx....ump): Currently priced at $0.0036, market cap of $3.49 million, 24h decrease of -17.9%, 24h trading volume of $24.49 million, number of trades 196,248;STONK (6GmA....Ngx): Currently priced at $0.3583, market cap of $300 million, 24h increase of +34.4%, 24h trading volume of $41.89 million, number of trades 130,122;Stamp (EKtm....nsc): Currently priced at $0.0054, market cap of $5.34 million, 24h increase of +106K%, 24h trading volume of $29.32 million, number of trades 152,326;PAID (98kf....ump): Currently priced at $0.014, market cap of $13.42 million, 24h decrease of -26.5%, 24h trading volume of $19.81 million, number of trades 85,690;

According to on-chain analyst Yu Jin's monitoring, the meme trading platform GMGN has transferred a total of 23,550 BNB (approximately 17.34 million USD) in transaction fee revenue to the exchange Pionex over the past week.

Taiyuan Chengming Technology Co., Ltd. sent a letter to Beijing Zhipu Huazhang Technology Co., Ltd., raising multiple demands regarding the alleged unauthorized upload of company data assets and trade secrets by its ZCode client, and reserving the right to pursue legal accountability. Chengming Technology pointed out that although Zhipu has publicly apologized for the "silent upload of user local repository data" and claimed to have fixed the issue, independent evidence collection revealed that the upload behavior was automatically triggered and occurred in bulk, including complete archived files such as project source code, system architecture, version control history, database passwords, cloud service credentials, and employee personal information, far exceeding the scope of collection stated in its Privacy Policy.Although the client was updated to version 3.12.3 on September 16, upload behavior was still detected in the early hours of the day Zhipu publicly apologized, raising doubts about the actual effectiveness of the "fix." At the same time, the ZCode client’s network requests pointed to a Singapore entity, while the service agreement was signed with Beijing Zhipu Huazhang, requesting clarification on the responsible party for this upload, as well as whether the data was transmitted abroad or stored overseas.Chengming Technology demanded that Zhipu respond in writing by October 10 and complete the immediate cessation of processing and thorough deletion of all uploaded data and related derivative data, caches, and backups, provide a complete list of processing situations, clarify the data's whereabouts, whether it was shared with third parties, whether it was used for model training, and whether cross-border transmission occurred, explain the management of encryption private keys and complete operation logs, clarify the exact scope of "destruction" mentioned in previous public responses, issue proof of deletion completion, provide a written commitment not to upload without authorization again, legally provide access, copying, and explanation of personal information, and designate formal communication channels, among other matters. Currently, Zhipu has not publicly responded to the aforementioned letter.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:CARDS (CARD....Yjp): Net inflow of $20,000, with a 24-hour increase of 6.9%, currently priced at $0.14.NEAR (3ZLe....wBG): Net inflow of $2,000, with a 24-hour increase of 28%, currently priced at $3.3584.GP (HTmQ....gUQ): Net inflow of $2,000, with a 24-hour increase of 215.5%, currently priced at $0.0128.FAR (3u3T....3yZ): Net inflow of $2,000, with a 24-hour increase of 633.7%, currently priced at $0.0001.ZATOSHI (y2sC....fav): Net inflow of $1,000, with a 24-hour increase of 1323.9%, currently priced at $0.0001.

Privacy token Zcash (ZEC) rose about 20% in 24 hours, with Paradigm co-founder Matt Huang revealing that the company has invested in ZEC. ZEC supports shielded transactions that hide addresses and transaction amounts using zero-knowledge proofs, with a price of about $1,338 on Thursday.Huang disclosed in a post that Paradigm is both an investor in the Zcash Open Development Lab (ZODL) and a holder of ZEC tokens. He described Zcash as "a privacy complement to Bitcoin" and supports its developer fund backed by inflationary funds, believing that long-term funding support remains important in the context of AI network capabilities and the development of quantum computing. He also supports combining Zcash token voting with other forms of governance to reduce its unpredictability as a monetary asset.Today's increase of over 10% has led to a cumulative rise of about 160% for ZEC over the past month, while Bitcoin has risen 18.2% during the same period. Paradigm's investment in the Zcash ecosystem has been publicly disclosed, with ZODL announcing the completion of over $25 million in seed funding in March, with participants including Paradigm, a16z crypto, Coinbase Ventures, and Winklevoss Capital. As ZEC rises, the Federal Reserve raised interest rates by 25 basis points to 3.75%-4%, marking the first rate hike of 2023, with the overall cryptocurrency market trending upward.

Paradigm founder Matt Huang commented on Zcash via Twitter. He stated that all blockchain ecosystems face the long-term funding challenge for public goods, and funding developer funds through inflation is a relatively elegant mechanism; how funds are allocated can be discussed and continuously improved. In the context of accelerating AI network attack capabilities and advancements in quantum computing, developer funds remain very important.Regarding governance, Matt Huang mentioned that as Zcash is increasingly accepted by more users as a complementary asset to Bitcoin for privacy, voting solely based on the amount of tokens held will bring uncertainty and may limit its long-term trust as a monetary asset. The project is better off combining token-based voting with other forms of governance.

Market news reports that NVIDIA partner GMI Cloud is seeking a loan of 300 million dollars to purchase chips for its factory in Thailand.