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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.

QCP Capital released the latest market analysis stating that BTC has broken through the previous trading range of $82,500 to $85,700 that lasted for a week, reaching a high of $86,913 during the day, the highest since September 23. It is currently trading around $85,900, up 14.6% from the low of $74,968 on September 15. QCP pointed out that during this round of increase, the annualized funding rate for perpetual contracts was only 5.4%, indicating that the market was mainly driven by spot funds rather than leveraged trading. QCP believes that this round of BTC's rise diverges from traditional macro market signals. In September, the yield on the 30-year U.S. Treasury bond rose to 5.62%, and the 10-year yield reached 5.29% at one point, while gold recorded its worst month of the year. Although rising real interest rates typically put pressure on gold and risk assets, BTC still rose.QCP believes that this market trend is more consistent with concentrated capital trading driven by institutional fund inflows, regulatory catalysts, and technical improvements, rather than purely a currency depreciation trading logic. Regarding institutional funds and regulatory factors, the U.S. Bitcoin spot ETF recorded net inflows of approximately $3.5 billion and $2.6 billion in August and September, respectively. QCP noted that the innovative exemption policy released by the U.S. SEC on September 17 provided a new regulatory catalyst for the market, but since the CLARITY Act failed to pass in the Senate earlier, market structure legislation may be delayed until 2027. Therefore, current regulatory support comes more from the administrative level, and long-term policy certainty remains limited.In the options market, yesterday's options trading nominal amount was approximately $2.5 billion, involving 54 transactions with a nominal amount exceeding $5 million each. Among them, one client sold in batches call options expiring on October 30 with a strike price of $90,000, totaling over 4,000 contracts with a nominal amount of $346 million; at the same time, they actively bought call options with the same strike price expiring on November 27. QCP believes that this operation reflects that some traders are rolling their positions from October to November to position for the U.S. midterm elections, quarterly Treasury refinancing, and market volatility around the December Federal Reserve meeting.On the macroeconomic front, the Federal Reserve will hold a monetary policy meeting from October 27 to 28. QCP stated that after Federal Reserve official Williams said there was no need to rush to adjust policies further, and with the August core PCE coming in below expectations, market expectations for maintaining interest rates in October have warmed. However, the market still expects an approximately 80% probability of a 25 basis point rate hike in December. The U.S. non-farm payroll report for September, to be released tonight, will be an important short-term test, with the market expecting an increase in non-farm payrolls of 84,000 to 93,000, an unemployment rate holding at 4.1%, and an average hourly wage year-on-year growth rate expected to be 3%.On the technical front, the support level of $82,500 has been tested three times in the past week, while $87,400 is the location of the September high and is a key resistance for BTC to further challenge $90,000. The implied volatility term structure in the options market is in a contango state, with a 7-day implied volatility of 30.3 and a 90-day implied volatility of 37.1; the 30-day risk reversal indicator is approximately -2.5 volatility points, indicating an increase in demand for short-term put protection. QCP believes that although BTC shows resilience in a macro environment of rising real interest rates, the market is still mainly driven by capital flows and position changes, and it cannot yet be considered that macro risks have been eliminated. U.S. employment data, Treasury supply, and the intensive policy events in the coming weeks may still trigger market volatility.

According to The Block, the European Central Bank has proposed three models for introducing central bank digital currency on the blockchain, including direct issuance, establishing bridging mechanisms, and implementation through private intermediaries.These models can provide settlement support for transactions such as tokenized securities, bank deposits, and stablecoins on distributed ledger technology networks.

According to The Defiant, SMBC Nikko Securities announced on October 2 that it has signed a memorandum of cooperation to develop a decentralized finance (DeFi) platform called "DeFi Gateway" aimed at Japanese investors.Participants include blockchain development company Nethermind, Uniswap Labs, the general incorporated association Nyx Foundation, and Coinbase Technologies, which operates the Ethereum Layer 2 network Base. The project will develop a liquidity provision protocol and proprietary liquidity pool, complying with Japanese laws and regulations, with plans to complete development by mid-2027.The cooperation mainly focuses on three areas of development: first, creating a "proxy vault" with verifiable and reproducible AI and an intuitive user interface; second, utilizing Uniswap v4's Hooks feature to build a compliant liquidity pool public framework that incorporates anti-money laundering and counter-terrorism financing (AML/CFT) and investor protection mechanisms; third, developing asset management strategies covering digital assets such as stablecoins and real-world assets (RWA).The project is jointly led by SMBC Nikko Securities and Nethermind. SMBC Nikko Securities leads communication with regulatory agencies and provides compliance, risk modeling, and portfolio management expertise; Nethermind is responsible for technical design and development, including AI strategy and integration, smart contract security, as well as automated market making and Uniswap v4 Hooks strategies.

The Financial Services Commission of South Korea has proposed regulatory guidelines for the issuance and trading of security tokens, intending to allow stocks, bonds, funds, and certain fractional investment securities to be issued and circulated in token form. The relevant regulatory framework is scheduled to take effect on February 4, 2027.According to the proposal, securities token issuance companies that directly manage client accounts must have a paid-in capital of at least 4 billion Korean Won and be equipped with dedicated compliance and technical personnel. The revision of capital market regulations will also introduce an over-the-counter trading license for bonds and limit individual investors' annual net purchases at each over-the-counter exchange to within 100 million Korean Won.The proposal will be open for public consultation from Friday until November 11, after which it will enter the approval process. South Korea previously announced a roadmap to advance the transition of securities issuance and trading to distributed ledger infrastructure in three phases.

NEAR Protocol posted on platform X that Sal Ternullo, CEO of NEAR Treasury Company SVRN, has introduced a new proposal on the NEAR governance forum to reduce the maximum annual token issuance rate from 2.5% to 1.6% for a duration of 24 months, and to lower the staking yield from the current approximately 5.4% to about 3.5%.The proposal is currently seeking feedback from validators, House of Stake delegators, and NEAR community members, with a complete plan expected to be announced next week for voting.In response to the recent NEAR Intents security incident, NEAR Protocol further clarified that the blockchain network is operating normally, and the related incident was not caused by vulnerabilities in NEAR Protocol or the native token NEAR. The NEAR Protocol network continues to produce blocks and process transactions without any downtime.

The Hong Kong Securities and Futures Commission has included FNXAI token and 1FNXAI token in the list of suspicious investment products related to digital tokens.The Hong Kong Securities and Futures Commission stated that the related products claim that investors can automate trading of U.S. stocks and a range of financial instruments through an AI-driven trading platform to generate stable returns, and involve staking arrangements related to virtual assets.

According to Law360, the cryptocurrency asset theft case involving Uranium Finance has begun trial in the U.S. District Court for the Southern District of New York.Prosecutors allege that Maryland cybersecurity consultant Jonathan Spalletta exploited a vulnerability in the protocol's smart contract to launch an attack in 2021, during which approximately $53.3 million was transferred from 26 liquidity pools in a second attack, leading to the protocol ceasing operations. The statements related to this are allegations by the prosecution and not a conclusion of guilt.

The Financial Services Commission (FSC) of South Korea has announced a draft amendment to the regulations related to the institutionalization of Token Securities, planning to expand the range of securities that can be tokenized to include traditional securities such as stocks, bonds, and funds.According to the draft amendment, traditional securities can also be tokenized, except for fragmented investment securities (non-monetary trust beneficiary securities, investment contract securities).The relevant electronic securities regulations will also clarify the requirements for distributed ledgers, stipulating that participants must include electronic registration institutions and at least two account management institutions, and prohibit the use of distributed ledgers for direct payment of electronic registration purposes.

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) proposed a significant update to the transfer agent rules on September 1, the first since the 1970s. Chairman Paul Atkins explicitly stated that the rules should cover the application of blockchain technology in securities issuance and equity transfer.Joris Delanoue, co-founder of Fairmint, pointed out that if ownership data is scattered among token wrapping layers, SPVs, broker-dealer internal ledgers, and off-chain databases, it will replay the historical "paperwork crisis" of the late 1960s. He emphasized that the tokens themselves should serve as the official ledger required by Section 17A of the Securities Exchange Act, rather than as off-chain securities wrapping substitutes. The article calls for the industry to integrate ownership data around unified open standards and suggests that the SEC distinguish between native on-chain registration and third-party wrapping models in Form TA-2, allow the use of cryptographic credentials and other modern identifiers, and incorporate pre-trade restrictions on smart contracts into compliance enforcement mechanisms.

According to Gate's latest institutional weekly report, from September 21 to 27, the decline in oil prices and the easing of trade risks provided some support for U.S. stocks and crypto assets. However, the yield on the U.S. 10-year Treasury bond broke above 5%, and the high interest rate environment continues to put pressure on the valuations of risk assets. In terms of capital, the weekly net inflows for BTC and ETH ETFs were approximately $2.386 billion and $690 million, respectively, while the supply of stablecoins increased by about $1.59 billion, indicating a rebound in institutional capital and on-chain liquidity.The market trading structure remains differentiated. The weekly trading volume on Gate TradFi is about $100 billion, maintaining a high level overall; on-chain funds are further concentrated in structural opportunities such as USDC and SOL LST. In the derivatives sector, BTC rose 4.06% weekly, but the open interest across exchanges decreased by 12.81%, with funding rates turning negative temporarily, and options open interest significantly contracting, indicating signs of deleveraging in the market as prices rebound.Against the backdrop of continuous changes in capital flows and market structure, Gate institutions are continuously improving the multi-asset trading system, covering spot, contracts, stocks, ETFs, options, and other TradFi assets. They are also promoting API trading, cross-platform execution, and settlement collaboration based on infrastructures like OES and CrossEx, providing support for institutions to participate in cross-market trading and diversified asset allocation.

The two-day AI Summit (China·Chongqing Station) hosted by Star River has successfully concluded on September 29, 2026. Star River founder Jemmy, co-founders River He and Bison Liu attended the summit and engaged in in-depth discussions with the guests present.This summit focused on cutting-edge innovations in the AI industry, discussing the implementation of technology applications and the construction of industrial ecosystems. Several industry guests shared the latest practices and thoughts on the implementation of AI in the industry. DGrid AI participated in the topic discussions as a partner. DGrid AI is a decentralized AI intelligent reasoning network that provides developers with low-cost, verifiable AI multi-model calling services through a unified access layer, which attracted attention on-site.Participants engaged in in-depth discussions on topics such as the implementation of AI technology applications, the construction of developer ecosystems, and collaborative innovation in the industry, reaching multiple consensuses. The organizer, Star River, stated that it will continue to build industry exchange platforms in the future to promote AI technology innovation and industrial implementation.

The leverage for cryptocurrency security warehouse, unified account model, and unified account professional version will add 7 types of bStocks tokens on September 30 at 20:00---PDD Holdings (PDDB), Forward Industries (FWDIB), SharonAI (SHAZB), Wendy's (WENB), Adobe (ADBEB), Hewlett Packard (HPEB), and Zoom (ZMB)---as eligible collateral assets. Eligible users can use these tokens as margin collateral.

On September 29, 2026, the Anthropic Frontier Red Team published a research article authored by Andrew Fasano, Marius Fleischer, Cole McFaul, Robert Xiao, and Tripp Gallagher. The article states that about five months ago, Anthropic released the Claude Mythos Preview through Project Glasswing in a limited manner, as it can autonomously construct end-to-end exploit capabilities; trusted defenders discovered over 10,000 vulnerabilities in critical software based on this, and similar capabilities have now spread to other models.The article mentions that the GLM-5.3 developed by ZhiPu AI (known overseas as Z.ai) is similar to the Claude Mythos Preview, possessing strong autonomous end-to-end exploit development capabilities, but it is released with open weights and lacks meaningful abuse restrictions. In simulated tests, the success rate of bypassing GLM-5.3 defenses using simple methods was about 64% to 100%, while the same methods failed to make the protected Claude model perform harmful tasks; these capabilities can also be used by defenders to strengthen systems.On September 17, 2026, the National Institute of Standards and Technology's Artificial Intelligence Standards and Innovation Center assessed that GLM-5.3 is currently the most powerful open-weight model in terms of network capabilities, lagging behind the U.S. frontier by about four months in its network benchmarks, and Anthropic stated that the capability conclusions are generally consistent.

The token standard on Solana and the NFT infrastructure Metaplex announced the launch of MPL-3643, positioned as a new standard for permissioned real-world assets (RWA) and tokenized securities, aimed at supporting the compliance infrastructure required for issuer-led tokenization.Metaplex stated that bringing new markets on-chain requires compliance infrastructure that can support issuer-led tokenization. MPL-3643 will be deployed on Solana, targeting real-world asset and tokenized securities scenarios that require permission control.

Korean KakaoPay's securities and tokenization platform Dinari and Ondo Finance have reached separate collaborations to explore the on-chain integration of Korean listed stocks and distribution to overseas market investors. KakaoPay announced these two independent agreements on Tuesday, covering the acquisition of target Korean stocks, tokenization infrastructure, and potential distribution arrangements outside of Korea.The collaboration with Dinari will rely on its dShares model for a proof of concept, which aims to retain shareholder rights, including dividends and voting. Dinari currently offers 724 tokenized U.S. stocks and ETFs through dShares, and this collaboration explores extending that model to stocks of Korean listed companies. Dinari CEO Gabe Otte stated that the proof of concept has not yet selected specific Korean listed companies and has not set a commercialization timeline; the proposed model will use locally listed stocks in Korea as the underlying assets, rather than tokens that only track their prices.The initial focus of the agreement with Ondo is to establish a framework for the acquisition and custody of Korean listed stocks, preparing for subsequent tokenization. KakaoPay will operate a comprehensive account for foreign investors to hold and manage the underlying stocks, and both parties will also study the issuance and redemption mechanisms for tokens. This collaboration comes as Korea advances its token securities regulatory framework: the Korean National Assembly passed an amendment in January this year, recognizing distributed ledgers as legitimate securities registries; the Financial Services Commission included it in capital market reforms in June; and the framework is set to take effect in February 2027.

The Hong Kong Securities and Futures Commission announced that the licensed virtual asset trading platform DFX Labs Company Limited reported "dfx[.]cn", "dfxcn[.]com", and other four websites as fraudulent websites. The Hong Kong Securities and Futures Commission has listed the relevant websites as suspicious virtual asset trading platforms.

Bitget has launched multiple financial and reward activities. During the event, users can subscribe to USDT and USDGO savings products through "Easy Coin Earning," with up to 10% APR for USDT and 12% APR for USDGO. The participation period is from September 29, 22:00 to October 9, 21:59 (UTC+8).At the same time, Bitget has launched the USDGO HodlerYield holding reward activity. Users holding USDGO in their unified account, spot account, or contract account will automatically receive a limited-time interest income of up to 8% APR without the need for registration.In addition, Bitget PoolX has simultaneously launched BTC and ETH locking activities. Participants in the BTC locking can share 100,000 BGB, and participants in the ETH locking can share 500,000 USDT.