Former Treasury Secretary Downplays Economic Recession Concerns, Calls Stock Market Pullback a Natural Phenomenon

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.

Beating AI Express: Nous Research launches the Hermes Index, a model leaderboard for Hermes Agents, to compare the performance of different models within the Hermes ecosystem. All models run on the same Hermes Agent framework, with inference settings uniformly set to "high". The leaderboard calculates average scores across four benchmarks—Hermes Bench, Terminal-Bench 4, Terminal-Bench Science, and SkillsBench—alongside average cost per task. Hermes Bench is Nous Research’s new custom test, featuring 150 tasks spanning 25 categories covering skills, research, charts and creation, memory, tool use, and security. Agents process workspaces and real files directly, with scoring based on generated outputs, task status, and tool usage logs. The initial version tests 14 models. Claude Opus 5.5 tops the leaderboard with 63.31 points, followed by GPT 6 Astra at 56.25 points, and Claude Sonnet 5.5 at 53.14 points. Astra has the highest average cost per task at $11.61, while Opus 5.5 costs $4.99 per task and Sonnet 5.5 costs $2.82; some data for the latter two are still marked as provisional by their respective developers. Among low-cost models, DeepSeek V4.1 Flash scores 36.91 points at $0.259 per task, and GPT 6 Luna scores 33.89 points at $0.141 per task. Both models fall on the Pareto frontier of cost vs. performance, meaning no model exists that is cheaper while achieving a higher score.

According to Lookonchain's monitoring, prior to this morning's market plunge, four newly created addresses deposited 1 million USDC into Hyperliquid, opening a 40x short position on Bitcoin, with the position valued at $12.5 million.