1. U.S. Senate Fails to Pass Appropriations Bill, Government Shutdown Continues
On October 6, the U.S. Senate voted on appropriations bills proposed by both the Democratic and Republican parties. The Democratic bill, aimed at ending the government shutdown, failed to pass with 45 votes in favor and 50 against. Subsequently, the Senate voted on the Republican party's temporary appropriations bill, which also failed to meet the threshold for passage. The rejection of both bills means the U.S. government shutdown will continue. -Original
2. Plume Network Approved by SEC as Transfer Agent for Tokenized Securities
Plume Network has received formal approval from the U.S. Securities and Exchange Commission (SEC), successfully registering as a transfer agent for tokenized securities. This qualification enables it to provide registration, transfer, and related services for tokenized securities within a compliant framework, supporting securitization operations in the blockchain sector. -Original
3. Standard Chartered Predicts Stablecoin Market Cap to Reach $2 Trillion by 2028
On October 6, Standard Chartered Bank predicted that the global stablecoin market cap will reach $2 trillion by the end of 2028. The bank expects that within the next three years, about $1 trillion in funds may shift from emerging market bank deposits to stablecoins, as they offer users a low-friction way to gain U.S. dollar exposure. Standard Chartered pointed out that stablecoins have already become "U.S. dollar-denominated bank accounts" in emerging markets. Despite the U.S. GENIUS Act restricting compliant issuers to zero yield, this trend may still accelerate. -Original
4. OpenAI and AMD Reach Multi-Billion Dollar Chip Partnership Agreement
OpenAI and chip design company AMD announced the signing of a multi-billion dollar partnership agreement aimed at developing AI data centers running on AMD processors. According to the agreement, OpenAI commits to purchasing AMD chips equivalent to 6 gigawatts of computing power, starting with the MI450 chips to be launched next year. The procurement will be completed either through direct purchase or via its cloud computing partners. AMD's CEO stated that the deal is expected to bring in tens of billions of dollars in revenue for the company over the next five years. The agreement also includes an incentive clause: if OpenAI achieves certain deployment targets, it will receive up to 160 million AMD stock warrants at $0.01 per share, accounting for about 10% of AMD's total share capital, provided AMD's stock price meets the exercise conditions. -Original
5. Ondo Finance Acquires Oasis Pro, Obtains SEC Digital Asset Regulatory Qualifications
Ondo Finance has completed the acquisition of Oasis Pro, obtaining SEC-registered licenses as a digital asset broker, Alternative Trading System (ATS), and Transfer Agent (TA). This acquisition enables Ondo to develop regulated tokenized securities and further expand its U.S. digital asset services. -Original
6. Vietnam Limits Pilot Licenses for Cryptocurrency Exchanges to Five
At a government press conference, Vietnam's Deputy Minister of Finance announced that the number of pilot licenses for cryptocurrency exchanges will be limited to five. Although some companies have begun preparing relevant systems and initial communications with government officials, the Ministry of Finance has not yet received any formal applications. Industry experts have criticized the pilot policy, arguing that high capital requirements and regulatory uncertainty may make the policy more favorable to large financial institutions, which could hinder innovation by fintech startups. -Original
7. ARK Invest Invests in Securitize to Promote Asset Tokenization Development
ARK Invest, led by Cathie Wood, has invested $10 million in tokenization company Securitize through its venture fund. Securitize, previously backed by BlackRock, focuses on the asset tokenization sector. -Original
8. Bitcoin Whale Address Activated After 12.5 Years of Dormancy
On October 6, according to Whale Alert monitoring, a Bitcoin address dormant for 12.5 years was activated, holding 691 BTC, currently valued at approximately $86.44 million. The asset value of this address was only about $104,800 in 2013. -Original
