According to Reuters, the European Commission stated on Friday that European cryptocurrency rules are adequate to address stablecoin risks, citing the need for major adjustments following calls from the European Central Bank for additional safeguards. While Europe has already adopted landmark cryptocurrency-specific regulations, Brussels lawmakers are under pressure from the European Central Bank to block the "multi-issuance" stablecoin model. The dispute centers on whether international stablecoin companies can treat tokens issued within the EU as fungible with those held outside the bloc. On Tuesday, six cryptocurrency industry associations, including Circle, wrote to the European Commission, calling for guidance recognizing the multi-issuance model and clarifying how it operates under the Markets in Crypto-Assets Directive (MiCA). A European Commission spokesperson stated that MiCA provides a robust and proportionate framework for addressing stablecoin risks and that clarification is being provided as quickly as possible. The European Systemic Risk Board (ESRB) has stated that the multi-issuance structure carries inherent risks, while the ECB is concerned about triggering a run on its reserves. Stablecoin issuers have stated that they have sufficient reserves to cover redemptions.

According to Huoxun Finance, on October 10, Aster announced on the X platform that the target time for launching the second phase of the airdrop checker is 14:00 UTC on October 10 (22:00 Beijing time on October 10).

Huoxun Finance News, October 10, according to market news, major global banks plan to jointly launch a stablecoin project. Alliance members include Santander, Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, Mitsubishi UFJ Financial Group (MUFG), TD Bank and UBS.

Huoxun Finance reported on October 10th that Aster officially announced that the Phase 2 airdrop check page has launched. A total of 153,932 wallets are eligible, and eligible participants will be able to claim their airdrops on October 14th. The specific time will be announced on the same day, and there will be no vesting period during this phase. The minimum points threshold required for the Phase 2 airdrop is 10,000 RH points. Users who reach or exceed this minimum during this period are eligible to claim the airdrop. The airdrop amount is calculated based on several factors from the Phase 2 activity, including trading volume, holding period, Aster assets (such as BNB and USDF), realized profit and loss (P&L), and referral or team contributions across different epochs. All eligible users' points will be converted proportionally into the final airdrop allocation. Aster discourages hedging or wash trading to gain points. The system is subject to adjustment, so even users with the same points may receive different airdrop allocations.

Hargreaves Lansdown, the UK's largest retail investment platform with approximately $225 billion in assets under management, issued a surprisingly stern warning to its clients: Stay away from Bitcoin. The notice stated that Bitcoin has no intrinsic value and should not be included in personal savings or retirement plans. (Fortune)

According to Odaily Planet Daily, MGBX spot market data shows that ZORA has risen above 0.119 USDT, currently trading at 0.118 USDT, a 24-hour increase of over 105% and a cumulative increase of over 190%, with a circulating market capitalization exceeding US$520 million. Zora is an NFT marketplace and creator platform that supports custom minting contracts and focuses on the Web 3 creator economy.

According to an official announcement from Odaily Planet Daily, Binance Futures will launch pre-market trading of YBUSDT perpetual contracts at 10:45 PM (Beijing Time) on October 10, 2025, with a maximum leverage of 5x. (This newsletter was generated by AI.)

Odaily Planet Daily Market News: The US Treasury Department is ready to take "extraordinary measures" to maintain market stability. (Jinshi)

Huoxun Finance reported on October 10th that, according to Cryptopolitan, the privacy-focused blockchain Monero has released a major update, CLI v0.18.4.3 "FluorineFermi," to enhance its protection against spy nodes. In the Monero community, the term "spy node" refers to malicious nodes, groups of nodes, or botnets that can link IP addresses to transaction information, effectively undermining the blockchain's privacy guarantees. The "Fermi" update addresses this issue by implementing an improved node selection algorithm that reduces the likelihood of users connecting to multiple nodes within the same IP subnet, a common tactic used by spy nodes. This prevents users from connecting to large clusters of suspicious IP addresses, directing them to more secure nodes. The "Fermi" update also changes how and to whom emails are sent, making it extremely difficult for spies to track their delivery paths. This helps Monero's email service avoid these suspicious delivery parties.

Huoxun Finance reported on October 10 that according to an official announcement, Binance will launch a zero-fee event for the BTC/MXN trading pair. The event will run from 08:00 on October 13, 2025 to 07:59 on November 13, 2025 (Eastern Time). During the event, all users can enjoy zero transaction fees for Maker (order placing) and Taker (order taking) on the BTC/MXN spot trading pair.

Huobi Finance reported on October 10th that according to an official announcement, Huobi HTX launched GIGGLE/USDT and ZEC/USDT perpetual contracts on October 10th, with a maximum leverage of 20x. Huobi HTX also launched a GIGGLE and ZEC contract trading event from 21:00 on October 10th to 21:00 on October 17th (UTC+8), offering a total prize pool of up to $20,000. During the event, users who register and participate in GIGGLE/USDT and ZEC/USDT contract trading with a cumulative valid trading volume of ≥10,000 USDT will be eligible to share the prize pool based on their trading volume ranking. New users who complete GIGGLE/USDT and ZEC/USDT contract trading will also receive exclusive benefits.

Huoxun Finance reported on October 10th that, according to on-chain analyst @ai_9684xtpa, two addresses both went long on SOL this afternoon, currently holding a cumulative long position of $37.8 million USD, ranking fifth and tenth, respectively, on the Hyperliquid platform's SOL long position rankings. Address 0x0dd...8a902: Using 2x leverage, long positions of 100,000 SOL were opened at $219.68 USD, while also holding a $26.12 million long position in ETH. Address 0x8d0...59244: Using 20x leverage, long positions of 70,000 SOL were opened at $221.549 USD, while also holding a $4.04 million long position in LTC.

Huoxun Finance reported on October 10th that CoinDesk's latest monthly report shows that Gate's spot market share has seen the largest growth among major global exchanges since the beginning of the year, increasing by 2.87%. Gate's spot trading volume increased by 20.1% to $117 billion in September, a new annual high, and its spot market share increased by 1.35% month-over-month to a record high of 5.47%. Gate also performed strongly in the derivatives market. The report noted that Gate's derivatives market share increased by 1.11% to 11.3% in September, ranking second globally after Coinbase International, demonstrating strong market expansion and innovation. CoinDesk noted that Gate's simultaneous growth in both its core spot and derivatives markets reflects the continued effectiveness of its All in Web 3 strategy and further solidifies its leading position in the global crypto exchange landscape. Gate's global user base has recently surpassed 40 million. The platform is actively expanding into new businesses, launching the second-layer network GateLayer, the decentralized perpetual contract trading platform GatePerpDEX, the on-chain launch platform GateFun, and MemeGo, a full-chain Meme coin real-time trading and monitoring platform. These efforts are continuously improving Gate's ecosystem and enriching its All-inWeb3 strategy. Furthermore, Gate's compliance efforts continue to expand. Recently, Gate Technology Ltd, a subsidiary of Gate, received a MiCA license under the supervision of the Malta Financial Services Authority (MFSA). GateUS has obtained 30 money transmitter licenses, maintaining compliant operations in 40 US jurisdictions. This series of initiatives not only demonstrates Gate's commitment to global compliance but also lays a solid foundation for its continued stable development in diverse markets.

According to Huoxun Finance, on October 10, the OKX market showed that BTC had just broken through $122,000 and was currently trading at $122,002.50 per coin, with a daily increase of 0.69%.

Huoxun Finance reported on October 10th that the Ethereum Foundation's Funding Coordination Team and Keyring Network have jointly launched a new funding mechanism to support privacy developers. The zkVerified permissioned vault deployed on the Keyring mainnet provides access to a compliant and privacy-preserving DeFi lending market. For the first two months, all protocol fees from the Keyring zkVerified vault will be donated to the legal defense fund of Roman Storm and Alexey Pertsev, two TornadoCash developers currently on trial for releasing open source code. The Ethereum Foundation stated that this model ensures that the vault's initial users can directly support the legal defense of privacy-focused developers.

Huoxun Finance reported on October 10th that according to Lookonchain monitoring, a prominent Bitcoin whale has continued to increase its short positions in BTC and ETH, with its total holdings now exceeding $1.1 billion. Using 10x leverage, it shorted 6,189 BTC, valued at approximately $753 million, at a liquidation price of $130,810. Using 12x leverage, it shorted 81,203 ETH, valued at approximately $353 million, at a liquidation price of $4,589.3.

According to CNBC reports on October 10th, Morgan Stanley informed its financial advisors on Friday that it is expanding cryptocurrency investment access to all clients and allowing such investments in any account type, including retirement accounts. Starting October 15th, financial advisors will be able to recommend cryptocurrency funds to any client. Previously, this option was limited to clients with a higher risk tolerance, at least $1.5 million in assets, who wished to invest in cryptocurrencies in their taxable brokerage accounts. Sources familiar with the matter said that with the removal of eligibility requirements for cryptocurrency funds, Morgan Stanley will rely on automated monitoring processes to ensure clients are not overly concentrated in this volatile asset class. The bank's global investment committee recently released a model recommending an initial allocation of up to 4% to cryptocurrencies based on various objectives, ranging from "wealth preservation" to "opportunistic growth." Sources familiar with the matter said that for now, financial advisors are limited to recommending Bitcoin funds from BlackRock and Fidelity, but Morgan Stanley is monitoring industry trends and considering adding other cryptocurrencies to these products. They added that clients can also request investment in any listed cryptocurrency exchange-traded product.

According to Odaily Planet Daily, CZ retweeted a photo with Vitalik 11 years ago on the X platform. He said: "In 2015, before the rise of ETH, Vitalik hosted several 'Easy Residence' events at my house. At that time, I really should have invested 5% of the funds at the 'Easy Residence' events, just like the current investment model. But then again, if I had done that, there might not be BNB. (The photo was taken in a Chicago hotel room in July 2014.)" CZ also revealed that he now meets with Vitalik several times a year and donated $10 million worth of BNB to Vitalik's biotech project a few months ago.

According to an official announcement from Odaily Planet Daily, Gate has launched pre-market trading of MET and MON perpetual contracts (settled in USDT), both supporting 1-10x leverage.

According to an official announcement, Binance Wallet has launched the BNB Smart Chain Trading Competition on Binance Alpha. During the competition, traders trading AOP, STBL, and BLESS on Binance Wallet (without private keys) or through Binance Alpha will share in a prize pool worth $2 million. The competition runs from 12:00 AM on October 11, 2025, to 12:00 AM on October 25, 2025 (GMT+8).