Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

According to HTX market data, Ethereum has surpassed $2,700, with a 24-hour gain of 1.45%.

Ryan Myher, co-founder of Genius Terminal, responded to the controversy over Genius’ adjustment to its Season 2 points rules, stating: “Genius is essentially a terminal for trading crypto assets, and points are just additional benefits users may earn when trading on the platform. Every user who trades on Genius has agreed to our airdrop terms; if you’ve been using it since Season 1, you’ve actually agreed twice. You cannot use the platform without accepting these terms. Points are inherently additional benefits, so the rules will be adjusted based on actual circumstances. Recently, the terminal’s trading volume has dipped, so daily points distributions have decreased. One guarantee: individual tokens will not unlock before user tokens.” Earlier on the 24th, news broke that Genius—an on-chain trading terminal backed by YZi Labs—has revised its Season 2 points campaign. The community alleges the campaign originally promised to unlock 70 million GENIUS tokens on October 25 to incentivize trading and points accumulation. Official documentation previously specified Season 2 would run from April 10 to August 10, with 1.5 million points distributed daily; recent updates to relevant pages have removed the “April 10 to August 10” timeframe from current docs, and daily points have been cut to 50,000. CoinMarketCap data shows the unlock timeline for these 70 million tokens has been delayed to February 2028. Some participants are demanding either unlocks at the original date or refunds for Season 2-related fees.

The U.S. and Iran are studying a phased plan to reopen the Strait of Hormuz. According to market data from BIT (bit.com), the three major U.S. stock indexes surged sharply, with the S&P 500 turning positive. International oil prices plummeted, spot gold and silver rose, U.S. Treasury price declines narrowed, and the 10-year Treasury yield fell back to 5.13%.

Russia’s Central Bank has finalized the market access procedures for crypto market participants, including digital custodians, crypto trading platforms, and digital rights information system operators. According to a statement from the central bank’s press office, all such participants must be included in the relevant register. The regulation outlines qualification requirements for members of the management bodies and specific officials of digital custodians, crypto trading platforms, and information system operators; specifies the list of documents required for access applications; and details the procedures for the central bank to include relevant information in the register. The document also includes simplified access rules for existing market participants, which will submit applications for digital custodian and crypto exchange licenses. The directive standardizes how the central bank maintains the register, updates its data, and publishes register information on its official website. The relevant regulations have been registered with Russia’s Ministry of Justice and will officially take effect on October 5, 2026.

Beating AI News Flash: Following the launch of Gemini 3.8 Live last week, Google today introduced Gemini 3.8 Live with Live Avatar, a feature that pairs real-time voice conversations with low-latency streaming video generation. The tool enables intelligent agents for enterprise use cases such as customer service and guidance to "listen, see, and speak" with lip-sync, natural facial expressions, and smooth turn-taking. The feature is available on Gemini Enterprise starting immediately. Live Avatar handles both visual and audio streams simultaneously, keeping conversations uninterrupted when asynchronously calling backend tools (e.g., hotel check-in). It supports seamless switching between 97 languages, with lip movements and expressions adjusting accordingly. Enterprises can use pre-built avatars or customize brand avatars via reference images (customization is currently restricted to whitelisted enterprise accounts). All audio and video outputs include SynthID watermarks to help identify AI-generated content.

According to market data from BIT (bit.com), the yield on the US 30-year Treasury bond has climbed to 5.4583%, hitting a 22-year high; the yield on the 2-year US Treasury bond rose by 0.85 basis points to 4.904%. This indicates that the market’s pricing of long-term risk has increased significantly, and concerns about inflation persistence, the Federal Reserve’s maintenance of high interest rates, as well as huge fiscal deficits and debt sustainability have intensified. The long-term borrowing costs for governments, enterprises and consumers have been pushed up, which typically suppresses stock market valuations, tightens global financial conditions, and may curb economic growth to some extent.