Crypto markets on Oct. 9 moved on a mix of price weakness, regulatory updates, platform fee changes, project announcements and fundraising news. Most of the top tokens by centralized exchange trading volume were lower over the past 24 hours, while Hong Kong officials signaled enforcement against unlicensed payment platforms and Polymarket began charging fees on geopolitical event market orders.
Most-traded CEX tokens
The top 10 tokens by CEX trading volume and their 24-hour moves were:
- BTC: -1.58%
- ETH: -3.85%
- SOL: -5.94%
- XRP: -2.26%
- NEAR: -13.55%
- BNB: -4.67%
- DOGE: -4.78%
- ZEC: -10.24%
- SUI: -6.65%
- HYPE: -4.04%
On OKX’s 24-hour gainers board, STRK led with a 22.14% increase. It was followed by ASP, SKL, XSOXS, SCR, TIA, IMX, STX, ATOM and MERL.
- STRK: +22.14%
- ASP: +17.84%
- SKL: +13.63%
- XSOXS: +10.54%
- SCR: +8.44%
- TIA: +7.87%
- IMX: +7.7%
- STX: +6.77%
- ATOM: +5.56%
- MERL: +5.21%
The 24-hour list of top-performing token-linked equities, citing msx.com, was:
- AAOZ.M: +23.64%
- COHQ.M: +20.01%
- AXTQ.M: +17.56%
- INV.M: +14.15%
- BEZ.M: +12.63%
- LITZ.M: +11.15%
- SOXS.M: +10.34%
- SNDQ.M: +9.54%
- SKDD.M: +8.78%
- BWET.M: +7.81%
- FLUT.M: +7.55%
- ETHD.M: +7.12%
Trending on-chain meme tokens
GMGN’s top five trending meme tokens on-chain were:
- DARK (Solana)
- TikTok (Solana)
- TWEETCRAFT (Solana)
- Knight Kitten (BSC)
- Datacenter (BSC)
Top headlines
Hong Kong to address unlicensed payment platforms
Some payment platforms are registered only as fintech companies and have not obtained any type of financial license. In response, Hong Kong acting secretary for financial services and the treasury Christopher Hui said authorities would, where needed, take appropriate enforcement action under the relevant statutory regulatory framework to maintain financial stability and protect customers and the public.
Polymarket starts charging fees on geopolitical event trades
Polymarket’s trading interface shows that the platform has started charging fees on market orders for geopolitical event contracts. Limit orders remain free.
Its documentation has not yet been updated. The fee parameter for geopolitical events still appears as zero.
U.S. initial jobless claims come in at 197,000
U.S. initial jobless claims for the week ended Oct. 3 were 197,000, versus an expectation of 200,000. The previous reading was revised to 199,000 from 197,000.
The four-week average of initial claims for the same week was 198,000. The previous figure was revised to 200,500 from 200,000.
Continuing claims for the week ended Sept. 26 were 1.716 million, compared with an expectation of 1.708 million. The prior reading was revised to 1.699 million from 1.701 million.
Industry updates
Trump comments on the term “superintelligence”
U.S. President Donald Trump said the White House would regard anyone who uses the term “artificial intelligence” instead of the newer term “superintelligence,” which he described as highly accepted and more accurate, as an enemy.
Hong Kong SFC says virtual asset trading commission income fell 13.5%
Hong Kong’s Securities and Futures Commission released a financial review of the securities industry showing solid growth in the first half of the year, with net profit rising 21% to HK$51.7 billion.
Total net commission income and interest income from securities trading, futures and options trading, leveraged foreign exchange trading and virtual asset trading rose 13% to HK$45.4 billion in the first half of 2026, up from HK$40.1 billion in the second half of 2025.
Within that, reported commission income from virtual asset trading in the first half of 2026 totaled HK$99.3 million, down HK$15.5 million from HK$114.8 million in the second half of 2025, a half-on-half decline of 13.5%.
South Korea to reassess 2027 virtual asset taxation
South Korean Deputy Prime Minister and Minister of Economy and Finance Lee Hyoung-il said the government would broadly collect views from the National Assembly, experts, industry participants and other stakeholders on the planned virtual asset tax set for 2027.
Lawmaker Kim Sang-hoon questioned whether the necessary infrastructure would be ready only months before implementation, citing weak capabilities to track and verify trading records on offshore exchanges, DEXs and DeFi platforms.
Waller says more rate hikes are still needed
Federal Reserve Governor Christopher Waller said more rate hikes are still needed, while staying flexible on the pace.
Project developments
TRUMP co-founder outlines game, TV show and theme park plans
TRUMP co-founder Bill Zanker said at Token2049 that the team is making a TRUMP-themed game and a television show, and is also seeking to acquire a TRUMP-themed amusement park.
Zanker said, “Everything we are doing is to make TRUMP valuable and make holders happy.”
TRON plans tokenized stocks in the fourth quarter
Justin Sun said at Token2049 that TRON will launch tokenized stocks in the fourth quarter so TRON users can gain access to U.S. Treasuries and other high-quality assets.
Gate and Visa launch crypto-linked card
During TOKEN2049 Singapore 2026, Gate said in an official announcement that it had partnered with Visa to launch a crypto-linked card. The service is expected to roll out across more than 40 markets globally.
Users will be able to apply for and manage the card through the Gate app, and spend digital assets with online and offline merchants that accept Visa. During payment, the relevant digital assets will be automatically converted into fiat currency.
Cointelegraph denies sale rumors
Cointelegraph said in a post responding to sale rumors that a related CoinDesk report was based on false information and contained multiple factual errors, adding that Cointelegraph “is not for sale.”
The company said it welcomes scrutiny, but would not stay silent when speculation is reported as fact. It also asked the media outlet involved to correct the story, clearly acknowledge the errors, and give the correction the same prominence as the original report.
Fundraising
Manus raises more than $500 million in a new round
On Oct. 8, Butterfly Effect, the parent company of Manus, announced that it had recently completed a new financing round of more than $500 million. The round was co-led by Boyu Capital and IDG Capital, with existing investors Tencent, Sequoia China and ZhenFund also participating.
First Digital plans Nasdaq listing through SPAC merger
First Digital has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III at a pre-transaction valuation of $250 million.
After the deal closes, the two sides expect to form a new holding company and list it on Nasdaq. Completion is expected in the first half of 2027, subject to regulatory approvals and other closing conditions.
Catalyst raises $30 million seed round
Catalyst, a startup focused on building AI trading agents for retail investors, has raised a $30 million seed round led by Sequoia Capital. Jump Trading, PeakXV, Lux Capital, AntiFund, Coinbase and Premji Invest also joined the round.
Rein Security closes $25 million Series A
AI-native security platform Rein Security has completed a $25 million Series A round co-led by Glilot Capital and Sienna Venture Capital, with Corner Ventures, Atlacle and RNP Capital Advisors participating.
Meanwhile raises $37 million at a $350 million valuation
Meanwhile, backed by Sam Altman, said it had completed a new $37 million round at a $350 million valuation. Bain Capital Crypto led the financing, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital.
People and views
SlowMist’s Cos warns of bookmark phishing targeting FOMO users
According to monitoring by SlowMist researcher Cos, bookmark phishing attacks aimed at FOMO’s web users are emerging. These phishing pages induce users to complete fake human verification, then drag malicious JavaScript into the browser’s favorites bar and save it as a bookmark.
After the user clicks that bookmark two to three times, a previously logged-in FOMO account can be hijacked by the attacker, and the crypto assets in the account can be stolen immediately.
Hyperliquid founder Jeff Yan says options would interest him in a restart
Hyperliquid founder Jeff Yan said in an interview at DAS 2026 Asia that if he were starting over and was no longer allowed to build infrastructure, he might work on options.
He said HIP-4 is an obvious way to build an options protocol because it can inherit spot trading, the order book and portfolio margin, while using perpetual futures to hedge options delta.
Tom Lee says this cycle is centered on tokenization
Bitmine chairman Tom Lee said the core driver of the current crypto bull market may be stronger than in prior cycles because the potential market created by tokenization is much larger than the retail narratives seen before.