Four newly created addresses opened a 40x leveraged short position on Bitcoin shortly before this morning’s market plunge.

CFTC Chairman Michael Selig said in a CNBC interview yesterday that under its proposed rules, only federally regulated cryptocurrency trading platforms will be allowed to offer leveraged trading. "States will only be permitted to provide money transmission services; the 100x leverage common outside the U.S. has never been allowed in the U.S., and this time will be no exception." Earlier reports noted that the U.S. Commodity Futures Trading Commission (CFTC) proposed two new rules on Monday, intending to establish a U.S. cryptocurrency regulatory framework based on its authority to regulate leverage and margin trading, to fill the regulatory uncertainty left by Congress’s failure to complete cryptocurrency legislation.

Beating AI Express News: Superlogical, the new company founded by Mitchell Hashimoto – creator of terminal emulator Ghostty and co-founder of HashiCorp – has launched public beta testing for its new tool Rex. Positioned as a direct replacement for existing terminals, Rex adds key features including long-running sessions and remote connectivity: tasks continue running even after the terminal is closed, and users can resume operations when reopening the app or switching devices. Previously, Rex only completed a private beta test with around 50 users. The first public beta is limited to macOS, with invites issued in batches from a waitlist. Rex stores terminal sessions in the background, eliminating the need to keep the client window open. The macOS app saves local sessions natively and can also connect to Rex instances on other machines. It also offers CLI, Lua, and server APIs, supporting session creation, screen splitting, program launching, terminal content access, and direct terminal control via scripts. Superlogical has explicitly committed that Rex will remain permanently free, with no direct fees for clients or servers. Users do not need to create accounts and can fully self-host the tool; the company states it will not access or share user data. Linux and Windows servers are already operational, while iOS, Linux, and Windows clients are in development and not part of this beta test. Superlogical has not yet announced specific commercialization plans, which will be detailed ahead of the official full launch.

Coinbase plans to relaunch Coinbase Pro by the end of this year, supporting trading of spot, futures, perpetual contracts, options, and stocks. The firm has completed integration with Deribit to form the Coinbase Global exchange, as announced at Singapore’s Token2049 conference. “We are connecting the U.S. and international derivatives markets into a single liquidity pool for the first time. With the integration complete, we will launch Deribit-powered options, spot margin, and unified portfolios in the coming weeks,” Coinbase stated. Eligible non-U.S. traders will get options trading access in the coming weeks, while U.S. retail traders are expected to gain access later this year. U.S. institutional clients will be able to trade Deribit options and perpetual futures via Coinbase Prime. Registration is now open, with options trading set to launch in the coming weeks. Institutional clients can trade spot, futures, perpetual contracts, and options on the same platform, plus access custody, financing, and staking services. (The Block)

According to an official announcement, Binance will launch bStocks tokenized securities trading pairs — JPMB/USDT, LLYB/USDT, SECZB/USDT, and USDEB/USDT — at 20:00 on October 7. Spot algorithmic trading bots will be enabled simultaneously with the listing, while smart position bots will activate within 24 hours after launch. Within one hour of bStocks going live, users can redeem them for BTC, USDT, or other supported tokens for free. The zero maker order fee campaign will run until 07:59 on November 1.

Beating AI News Flash: Agent tool platform Monid announced it has closed a $7.7 million seed round. Positioning itself as the "Agent tool version of OpenRouter", the platform allows developers to integrate once, after which agents can independently search for, compare, and call tools from various providers—eliminating the need for separate account registrations, API key management, and individual subscription purchases. Founder Shengkun Ye recently stated that Monid now covers around 2,500 APIs, spanning search, SEO, sales leads, e-commerce, stocks, social data, as well as video, images, music, 3D, agent email, and phone services. Agents will first search for suitable tools, then review input formats and pricing, before calling them directly. Fees are deducted uniformly from Monid balances, with different tools charged based on call frequency or returned results.

Polymarket CEO Shayne Coplan stated at Token2049 that Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, is one of Polymarket’s largest shareholders and is seriously considering on-chain equity alongside regulators.