Odaily’s morning brief lists a fresh set of developments across markets, regulation, legal proceedings, AI, and blockchain infrastructure.
Markets and trading activity
The report says 「AI stock god」 Leopold appears to be making a comeback, with mysterious capital reportedly concentrating on bullish options tied to AI-related names.
Kalshi has been approved to launch perpetual contracts for gold and silver, and is seeking to expand into U.S. equities, copper, and foreign exchange.
Bonk Guy warned investors to avoid overtrading and said a 「painful choppy phase」 could continue into Q4.
Bonk Guy also said USELESS could become the 「meme coin king of this cycle.」
The brief adds that the effect of Federal Reserve rate hikes may be losing force, while the Iran war and the AI boom are pushing inflation higher.
Regulation and legal developments
According to the roundup, non-decentralized DeFi protocols would need to register with the Commodity Futures Trading Commission, as U.S. Senate Republicans released an updated version of the CLARITY Act text.
Sam Bankman-Fried, or SBF, has appealed to the U.S. Supreme Court, asking it to overturn his fraud conviction and revoke an $11 billion asset forfeiture order.
The U.S. Senate has also formally opened an investigation into OpenAI, focusing on the AI agent intrusion incident involving Hugging Face.
Network status and institutional view
Liquid Network has resumed block production, but trading remains suspended and the restoration of BTC/LBTC reserves has not yet been completed.
ARK Invest said the stablecoin market is highly concentrated, and that a market in the hundreds of billions of dollars could turn into a battle between two dominant players.