Odaily News: While equity investors around the world are still steering clear of the word "rate hike," Bank of America strategist Michael Hartnett has put forward a counterintuitive judgment: if the Federal Reserve chooses to proactively raise rates in October, it would not be a negative, but could instead become the biggest bullish catalyst supporting risk assets and underpinning US stocks.In Hartnett's view, against the current backdrop, if the Fed remains on hold for too long, bond investors will continue to demand higher term premiums, pushing long-end yields further up and ultimately forcing financial conditions to tighten on their own. Conversely, if the Fed proactively raises rates at its October meeting, sending a hawkish signal to curb inflation risks ahead of time, long-end yields could instead stabilize. In that case, the short-term shock from a rate hike may prove less damaging than the greater harm caused by disorderly bond market volatility. (CLS)

Odaily News: CoinDesk's latest September Exchange Review shows that Gate's derivatives market share increased by approximately 1.6 percentage points, making it the exchange with the largest market share growth among top global exchanges. Gate's derivatives trading volume for the month reached $396 billion, up 38.2% month-over-month, ranking third among global centralized derivatives exchanges; during the same period, Gate's derivatives market share reached 10.1%. In RWA perpetual contracts, Gate ranked third globally with a 9.1% market share. The platform also performed strongly in the spot market, with September trading volume reaching $48.8 billion, up 21.9% month-over-month. Against the backdrop of a broader recovery in overall market trading activity, Gate continues to maintain its position as a global leader in derivatives and RWA perpetual contracts.Additionally, the report highlighted several recent developments in Gate's products and ecosystem. Gate launched Gate Money, a globally integrated financial services application, through which eligible users can obtain a bank account under their own name and complete fund collection, transfers, asset exchanges, and payments within the same platform, with support for using different types of assets in the account, including stocks, for daily payment and spending. Gate also introduced the on-chain trading tool Da Jin Gou and announced a partnership with Visa to launch the crypto asset-linked card Gate Card. On the ecosystem front, GateToken (GT) burned nearly 2 million tokens in the third quarter of 2026, bringing the cumulative burn total to approximately 192 million. While continuing to increase its trading market share, Gate is simultaneously advancing the integration of digital assets, traditional finance, and payment scenarios, extending its exchange capabilities into multi-asset management and daily financial services.

Odaily News: If Democrats win a majority in the House or Senate in the U.S. midterm elections, while it may not necessarily prevent the Trump administration from advancing deregulatory policies for Wall Street banks, prediction markets, and the crypto industry, it would gain stronger investigative and oversight tools.If Democrats control either chamber of Congress, they would have subpoena power, larger investigative teams, and the authority to compel government officials and corporate executives to appear at hearings. Wall Street financial institutions, crypto companies, and related regulatory agencies could face more scrutiny. It is reported that crypto industry figures are particularly watching whether Representative Sean Casten may wield greater influence after Democrats regain control of the House Financial Services Committee. Casten has previously pushed to strengthen crypto regulation and opposed the industry-backed CLARITY Act. (Reuters)

Odaily News: Federated Hermes, an asset management firm with $911 billion in assets under management, plans to launch its first onchain fund shares early next year, further joining Wall Street's wave of bringing traditional assets onchain.Federated Hermes has partnered with digital securities infrastructure company Prometheum to bring blockchain-based fund shares into traditional brokerage accounts and financial advisor channels. The company has not yet disclosed the specific types of tokenized funds or the blockchain networks to be used, but Kevin Barr, head of digital asset products and platforms, said money market funds could be among the first tokenized products. (CoinDesk)

Odaily News: Stablecoin issuer Tether has announced an investment in the seed round of Latin American financial infrastructure company EFY Finance to advance the institutional adoption of USD₮ and USA₮.Tether stated that the investment aims to strengthen the connection between stablecoins and the traditional financial system, and to support EFY Finance in developing stablecoin-based cross-border payments, account services, and digital asset custody infrastructure. EFY Finance currently offers USD₮ and USA₮ on/off-ramp services, over-the-counter (OTC) trading, wallet, and payment card services, covering local settlement channels in more than 12 currencies and 17 countries. The company has obtained a Digital Asset Service Provider license in El Salvador and serves over 25,000 individual and business accounts.

Odaily News: BSC ecosystem AI Agent project NeoSoul today announced a strategic partnership with Alibaba Cloud. NeoSoul has integrated Alibaba Cloud's AI model services into its Agentic Trading product NeoTrade, providing support for model inference and computing for autonomous trading Agents. As NeoTrade's product development and usage scale grow, both parties plan to further explore cloud-based AI technology collaboration.After users set trading rules in NeoTrade, the AI Agent continuously tracks market changes, identifies trading opportunities, and executes strategies within authorized parameters. From analyzing market conditions to taking action, the Agent needs to repeatedly update its judgments as the market changes. The model inference and computing services provided by Alibaba Cloud will support this process, supplying computing resources for NeoTrade's autonomous trading applications.Kaelan, co-founder of NeoSoul, stated: "As AI Agents evolve from answering questions to continuous decision-making and autonomous execution, the demands on underlying AI infrastructure are rapidly increasing. Agentic Trading, which NeoTrade is exploring, enables Agents to continuously understand the market, form judgments, and take action within user-authorized parameters. Alibaba Cloud's models and computing capabilities will provide critical infrastructure support for this process. We hope to use this partnership as a starting point to enable NeoTrade to handle larger-scale and more complex autonomous trading tasks, and to jointly explore the boundaries of AI Agent applications in real-world financial scenarios."An Alibaba Cloud Intelligence spokesperson stated: "AI Agents are evolving from single model calls into a new application paradigm of continuous perception, reasoning, decision-making, and execution, which places higher demands on model services and cloud computing infrastructure. NeoTrade's exploration in the Agentic Trading scenario provides a new practical direction for AI technology entering high-frequency, real-time business environments. Alibaba Cloud will support NeoTrade's product development through model services and computing capabilities, and will continue to explore technology collaboration with NeoSoul for next-generation AI Agent applications."

Odaily News: On November 12, from 15:30 to 16:30 (UTC), Gate Founder and CEO Dr. Han will be invited to attend and speak at The Oxford Union. The event will be held at The Oxford Union on St Michael's Street, Oxford, UK. Founded in 1823, The Oxford Union is an independent student debating society with over 200 years of history. It has long invited political and business leaders, renowned actors, Nobel laureates, and other distinguished figures from various fields to speak, and has historically hosted many notable figures including Albert Einstein.As one of the world's leading cryptocurrency trading platforms, Gate was founded by Dr. Han in 2013 and now serves over 61 million users globally, covering asset management, trading, payments, and other financial and lifestyle scenarios. Gate is also continuously expanding its digital financial services footprint, driving the connection between digital assets, fiat currencies, and payment services through Gate Money. Dr. Han's appearance on this international exchange platform will also create new opportunities for dialogue between Gate and global thought leaders and the next generation of talent, continuously expanding the connection between digital assets and traditional finance, and further showcasing Gate's practices and insights in global digital asset industry positioning, product innovation, and compliance development.

Odaily reports that according to an official announcement, Gate Card's automatic top-up feature has been comprehensively upgraded. It now connects spot accounts, Gate Money, Simple Earn, and stock accounts, supporting automatic transfers of 14 types of cryptocurrencies and tokenized stock assets. Users can customize the deduction order of accounts and assets, and when the card balance is insufficient, the top-up will be completed automatically, improving fund allocation efficiency and daily payment experience. Combined with the Gate Card points reward system, users can also use cryptocurrencies, gold-related assets, and tokenized stock assets redeemed through spending points for automatic top-ups, forming a complete closed loop of spending, points redemption, and asset utilization.Previously, Gate announced a partnership with Visa to launch a crypto-linked card, with plans to expand related services to more than 40 markets worldwide. Users can use digital assets for payments at online and offline merchants that accept Visa, further exploring everyday use cases for digital assets. Visa's digital payment network covers more than 200 countries and regions, with over 175 million merchant acceptance locations.This upgrade also enriches the integrated financial services scenarios of Gate Money. Gate Money integrates digital assets, fiat currency, stocks, ETFs, gold, bank accounts, and payment services into the Gate App, supporting eligible users in applying online for global bank electronic account services and completing fund receipts and payments, asset exchanges, and other operations. By connecting account funds, asset management, and consumer payments, Gate continues to expand the real-world application of digital assets, improving the service chain from account opening and fund management to asset allocation and daily spending.

Odaily News: Metaplanet has announced the issuance of zero-coupon euro-yen convertible bonds maturing in 2031, with a total scale of 52 billion yen, issued at 102.5% of face value. The bonds will be listed on the Singapore Exchange on October 29, with Merrill Lynch International serving as sole bookrunner. Net proceeds of approximately 51.9 billion yen will be raised, of which approximately 23.6 billion yen will be used to repay the Bitcoin-backed credit facility, which currently has an outstanding balance of approximately $650 million; up to 28.3 billion yen will be used for share buybacks, covering approximately 97.94 million shares, representing approximately 7.1% of issued shares, to offset potential dilution and increase Bitcoin holdings per share. This financing is a key component of Metaplanet's "Project Nova" strategy. Metaplanet currently holds 44,000 Bitcoin, with operations spanning financing, asset management, settlement, and financial product development, and plans to transform from a Bitcoin holder into a Bitcoin-centric native financial platform. The company completed the acquisition of Metaplanet Securities and Superplanet (Nasdaq: SUPA) in 2026, establishing them as the operational foundation for Japan-U.S. capital markets.

Odaily News: According to an article, Hyperliquid was founded in 2022 with a core team of about 11 people, and its net profit last year exceeded $900 million, with per-capita efficiency surpassing Apple, Nvidia, and OpenAI, and it has been called by the industry "the second Zhao Changpeng." The article also stated that the CEO of the New York Stock Exchange once said that Hyperliquid's trading volume has approached Nasdaq levels; traditional finance relies on intermediary credit, while blockchain, through open and transparent rules and automated execution mechanisms, is driving the evolution of financial infrastructure.