Ondo’s tokenized assets hit $4 billion in TVL.

According to market data from BIT (bit.com), during U.S. stock trading hours, the S&P 500 index’s decline widened to 1.1%, the Nasdaq fell 1.64%, and the Dow Jones Industrial Average dropped 0.3%. Semiconductor, storage, optical communication, and crypto-related stocks all fell across the board, with the optical communication sector leading losses, as most major individual stocks in the sector declined by over 7%. In the semiconductor and storage sectors: Seagate Technology (STX) fell 2.8%; Western Digital (WDC) dropped 3.2%; SanDisk (SNDK) declined 4.7%; Micron Technology (MU) fell 3.3%; NVIDIA (NVDA) dropped 2.9%; Intel (INTC) fell 4.2%; Advanced Micro Devices (AMD) declined 5.3%. Among crypto-related stocks: Strategy (MSTR) fell 5.8%; Coinbase (COIN) dropped 4.6%; Circle (CRCL) declined 6.4%; BitMine Immersion (BMNR) fell 5.3%; SharpLink Gaming (SBET) dropped 7.4%. In the optical communication sector: Pure Photonics ETF (FOTO) fell 6.2%; Marvell Technology (MRVL) dropped 5.8%; AAOI (Applied Optoelectronics) declined 9.8%; LITE (Lumentum Holdings) fell 7.2%; COHR (Coherent Corp.) dropped 7.8%; CIEN (Ciena Corporation) declined 7.8%.

The European Banking Authority (EBA) announced that it has classified USDC, issued by Circle Internet Financial Europe SAS, as an Important Electronic Money Token (EMT) under the EU’s Markets in Crypto-Assets (MiCA) regulation. To date, 45 EMTs in the EU have completed notification under MiCA, with USDC being the first to be designated as an Important EMT. Starting November 12, 2026, USDC will be subject to dual supervision for Important EMTs under MiCA: direct regulatory responsibilities for own funds, asset reserves, liquidity requirements, and recovery and redemption plans will be transferred from the French Prudential Supervision and Resolution Authority (ACPR) to the EBA; ACPR will retain oversight of governance, qualifying holdings, suitability assessments, outsourcing, and conflicts of interest. USDC is issued by Circle Internet Financial Europe SAS in the EU and Circle Internet Financial, LLC in the U.S. The EBA has signed a memorandum of understanding (MoU) with the New York State Department of Financial Services to facilitate cooperation and information exchange on cross-border stablecoin activities.

According to Reuters, OpenAI has accused a former employee of sending more than 100 files related to the company’s unreleased devices to his personal account before leaving to join Apple, and subsequently presenting the relevant products to Apple’s senior management. Apple had earlier filed a lawsuit against OpenAI, alleging the latter stole trade secrets of its unreleased hardware products, marking a further escalation of the intellectual property dispute over hardware technology between the two parties.

According to Reuters, OpenAI has accused a former employee of sending over 100 files related to the company’s unreleased devices to his personal account before leaving to join Apple, and later presenting the relevant products to Apple’s senior management. Apple had previously filed a lawsuit against OpenAI, alleging the latter stole trade secrets of its unreleased hardware products, as the intellectual property dispute over hardware technology between the two firms further escalates.

According to EmberCN’s monitoring, after the market dropped tonight due to the release of U.S. CPI data, a whale that opened a long position of 20,000 ETH at $1,936 at the very start of this rally two months ago has closed out the position to lock in profits. The address opened the long position of 20,000 ETH on August 19 at $1,936, and closed it today two months later at $2,421.6, generating a profit of $8.93 million. When ETH rose to $2,800 on September 22, its unrealized profit once reached $17.42 million, and the realized profit now is roughly half of that peak unrealized gain.

Standard Chartered Global Head of Digital Assets Research Geoffrey Kendrick said in a Wednesday report that he still forecasts the stablecoin market capitalization will hit $2 trillion, but the timeline for reaching that target has been pushed back from 2028 to 2030 due to stalled supply growth this year. Over the past 12 months, stablecoin supply has hovered roughly between $300 billion and $320 billion, and currently stands at around $309 billion. Kendrick attributes the slowdown to cyclical rather than structural factors, linked to the weak crypto market, noting that similar historical phases are typically followed by expansion as market conditions recover. The report also highlights that stablecoin usage continues to grow: this year’s average monthly on-chain transaction volume is nearly $10 trillion, up from $4 trillion in 2025, with a record of around $19 trillion logged in May alone. Average monthly turnover has risen from roughly 15 times in 2025 to around 30 times currently. USDT has an average monthly turnover of about 7 times, and is mostly used for U.S. dollar savings in emerging markets. USDC’s average monthly turnover has climbed from around 45 times to roughly 80 times, with the stablecoin increasingly utilized for payments, financial transactions, and payments between early-stage AI agents.