Franklin Templeton has submitted the S-1 filing for a spot Solana ETF to the SEC

U.S. stock markets opened, with the Dow Jones Industrial Average up 0.05%, S&P 500 up 0.27%, and Nasdaq up 0.54%. Apple (AAPL.O) fell 2.6% amid reports the company is cutting orders for the iPhone 18 Pro due to weak demand. Storage-related concept stocks rose broadly: Micron Technology (MU.O), SK Hynix (SKHY.O), and SanDisk (SNDK.O) gained around 1.5%, while Seagate Technology (STX.O) and Western Digital (WDC.O) rose roughly 1%.

According to Lookonchain monitoring, an address sold 262.78 ETH, converted the proceeds to approximately 643,000 USDC, and deposited the funds into Hyperliquid. Around 40 minutes ago, the trader opened a 40x leveraged short position on BTC, with a size of 305.51 BTC, a notional value of roughly $25.4 million, entry price of $83,067.70, liquidation price of $84,086.03, and is now holding an unrealized profit of $17,000.

Former U.S. Commodity Futures Trading Commission (CFTC) commissioner Mike Selig stated that the CFTC’s proposed crypto asset regulatory framework will establish a federal-level regulatory system to protect exchange customers from risks including fraud, market manipulation, and customer fund theft, preventing a repeat of the FTX collapse. Selig pointed out that the CFTC is working to introduce market-based regulatory mechanisms for crypto exchanges, while critics opposing these measures and backing the status quo could objectively benefit fraudsters, manipulators, and those who misappropriate customer funds. He warned that the absence of such regulation could create opportunities for another figure like Sam Bankman-Fried.

According to PeckShield monitoring, the attacker targeting the 79thVault hot wallet (used for 79AU operations) has returned 15,000 BNB tokens to the project team’s designated wallet address, valued at approximately $11 million. Separately, the attacker had previously deposited 30 BNB into KuCoin. The disposition of the remaining funds remains unclear. Earlier, the 79thVault on BNB Chain suffered an estimated $12.5 million loss, likely due to a private key leak. The team’s operational hot wallet typically only handles small transfers to the reward pool. However, recently, this address transferred 2.01 million 79AU tokens from trading pairs to external addresses in seven separate transactions, with amounts of 10,000, 100,000, 100,000, 300,000, 500,000, 500,000, and 500,000 units respectively.

A gambler (or possibly a hacker) sold 262.78 $ETH for 643K $USDC and deposited it into Hyperliquid, then opened a 40x short on 305.51 $BTC ($25.4M) 40 minutes ago. Liquidation price: $84,086.03

Key pre-market news for U.S. stocks is as follows: 1. Morgan Stanley bullish on SpaceX: $300 price target, citing long-term growth potential from enterprise AI, computing power expansion, and U.S. manufacturing revival. 2. Apple plans to hold a new product event around Oct. 27, with expected launches including a touchscreen Mac and new iPad mini. Separately, Nikkei reports Apple is cutting iPhone 18 Pro orders due to weak demand. 3. SpaceX announces an agreement to acquire a nationwide low-band spectrum asset portfolio. 4. Nvidia may adopt Intel’s Foveros packaging technology; the chipmaker will invest in rival semiconductor firm D-Matrix. 5. Coreweave is discussing data center partnerships with South Korea. 6. Market news: Netflix is undergoing a restructuring that will impact roughly 5% of its workforce, with an announcement possibly coming as early as next week. 7. Data center firm Firmus, reportedly backed by Nvidia, is seeking $3 billion in funding after shelving its IPO plans.