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More →Hong Kong brokers' cryptocurrency trading commissions fell 13.5% to HK$99.3 million.
According to Cointelegraph, in the first half of 2026, cryptocurrency trading commissions for Hong Kong brokers fell by 13.5% to HK$99.3 million. Meanwhile, profits in Hong Kong's securities industry grew by 21% to a record HK$51.7 billion, driven mainly by trading volume.
Shareholder derivative lawsuit against Coinbase directors dismissed, marking the end of the first such case after Coinbase's reincorporation in Texas.
CoinWorld news: The Texas Business Court ruled on October 2 that a derivative lawsuit filed by shareholder Gary Guillaume against Coinbase directors was dismissed on the grounds that he had not first submitted a written demand to the board of directors. The court stated that the dismissal does not constitute a ruling on the merits and did not adjudicate the alleged misconduct. Although the substantive claims assume the application of Delaware law, the right to sue is governed by Texas law. Coinbase CEO Brian Armstrong praised the precedent on October 9, saying it encourages more companies to incorporate in Texas.
A Texas court has dismissed a shareholder lawsuit against Coinbase directors.
CoinWorld news: The Texas Business Court in the United States dismissed on October 2 a derivative lawsuit filed by shareholder Gary Guillaume against Coinbase directors, on the grounds that the plaintiff had not first made a written demand to the board of directors, and the court did not rule on the alleged misconduct. Coinbase CEO Brian Armstrong praised the precedent on October 9, saying it encourages more companies to incorporate in Texas.
Analyst: Stablecoin card spending reached $4.31 billion in Q3 2026, with Tron ranking first.
According to CryptoBriefing, stablecoin card spending reached $4.31 billion in Q3 2026, up 33% from $3.24 billion in Q2. Among this, Tron processed $998 million in card transactions, accounting for 23.2% and ranking first; Base network ranked second with $636 million, and BNB Chain ranked third with $469 million. Together, the three accounted for nearly half of stablecoin card transaction volume in the quarter. In addition, Plasma, the payment network under Tether, recorded about $236 million in card transaction volume in the quarter, up about 250% quarter-over-quarter.
The U.S. 10-year Treasury yield stands at 5.22%.
Bitcoin World US stock market data: The latest daily reading of the US 10-year Treasury yield is 5.22%. Compared with the same-caliber snapshot 24 hours ago, it fell by 0.06 percentage points; compared with the same-caliber snapshot 7 days ago, it fell by 0.02 percentage points.
ETH liquidation pressure: watch $2,366.88 to the downside and $2,816.53 to the upside.
According to CoinWorld data: ETH is currently priced at approximately $2,498.03. If the price falls by about 5.25% to around $2,366.88, some high-leverage long positions may face concentrated liquidations; if the price rises by about 12.75% to around $2,816.53, some high-leverage short positions may face concentrated liquidations. The liquidation zone below is currently closer to the current price, meaning that if the price moves downward, long liquidation pressure may emerge earlier. Other notable zones: below at $2,198.27 and $2,167.04; above at $2,822.77 and $2,978.9. These levels are estimated based on public market prices and changes in open interest. They do not mean the price will necessarily reach them, nor are they predictions of price movement. Compared with the same-caliber snapshot 24 hours ago, it is up 0.61%; compared with the same-caliber snapshot 7 days ago, it is down 6.81%.
BTC liquidation pressure: watch $78,000 to the downside and $87,300 to the upside.
CoinWorld data: BTC is currently priced at around $82,800. If the price falls by about 5.75% to around $78,000, some high-leverage longs may face concentrated liquidations; if the price rises by about 5.5% to around $87,300, some high-leverage shorts may face concentrated liquidations. The upper liquidation zone is currently closer to the spot price, meaning that if the price moves upward, short liquidation pressure may appear earlier. Other notable zones: $76,000 and $67,700 below; $88,000 and $93,100 above. These levels are estimated based on public market prices and changes in open interest, and do not mean the price will necessarily reach them, nor are they predictions of price direction. Compared with the same-caliber snapshot 24 hours ago, it is up 0.24%; compared with the same-caliber snapshot 7 days ago, it is down 2.4%.
Over $51 million worth of SOL was transferred back to Coinbase. Who is selling?
Crypto market data: In recent days, overall momentum in the crypto market has turned extremely bearish, and Solana has also experienced a decline. According to Whale Alert data, an unknown address transferred a total of 470,087 SOL, worth more than $51 million, to Coinbase, a leading U.S. crypto exchange. Although the intent of the transfer was not explicitly stated, market participants widely believe it was for selling, as tokens are usually transferred to trading platforms for sale. The timing of this transfer has drawn the attention of market analysts, with many speculating that traders may be choosing to exit due to market volatility. Although Solana's price had surged to about $123 earlier this month, after a sharp decline, the price is currently staying below $110, and market sentiment has become cautious.
Warner's proxy-trust bill stalls in committee as consumer agents enter the market
According to Bijie News, Warner's agent-trust bill is currently stalled in a Senate committee, even though two consumer agent systems have already been launched on the market. These AI agents are able to book flights for users, pay for tickets, and handle follow-up emails. The bill aims to ensure that agents act in users' best interests when holding user access permissions, but it is currently encountering obstacles in the legislative process. The bill was introduced on July 21, 2026, and has so far remained in committee for 81 days, with legislative records showing only a 5% chance of passage. At the same time, companies such as Meta and XAI have launched their own consumer agent systems, demonstrating the urgent market demand for this field.
The 2-year U.S. Treasury yield is at 4.75%.
CoinWorld US stock data: The latest daily reading of the US 2-year Treasury yield is 4.75%. Compared with the same-caliber snapshot 24 hours ago, it is down 0.02 percentage points; compared with the same-caliber snapshot 7 days ago, it is down 0.03 percentage points.