Odaily Planet Daily News: Asset management firm Bitwise Asset Management and Hyperliquid Policy Center submitted comments to the U.S. Securities and Exchange Commission (SEC) on Monday, urging revisions to proposed crypto regulations to clarify token classification, airdrop rules, and secondary market trading guidelines. The SEC's proposed Regulation Crypto Assets would establish exemptions for eligible crypto financing and provide conditional safe harbors for tokens associated with investment contracts. Bitwise requested clear standards for fund managers to determine whether tokens are subject to securities laws. Hyperliquid Policy Center called for expanding the safe harbor scope and clarifying rules around airdrops rewarding network participants and token buybacks. The organization also asked the SEC to explain whether unregistered intermediaries can facilitate token transactions and whether tokens can trade freely via on-chain protocols. Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners urged the withdrawal of the proposal, arguing it exceeds the SEC's statutory authority and undermines investor protection. The SEC will decide whether to modify, adopt, or withdraw the rule after the public comment period ends, with the final rule requiring approval by a committee vote. (Cointelegraph)

Odaily Planet Daily News: Crypto researcher Stacy Muur listed 82 digital asset projects and protocols allegedly shutting down in 2026, including Balancer, Radiant Capital, Neon EVM, and Step Finance, spanning DeFi, blockchain infrastructure, and Web3 gaming sectors. The shutdowns stem from declining revenues, exhausted funding, and security incidents. Bitcoin's price briefly fell below $60,000 earlier this year, marking a significant drop from its all-time high of over $126,000 in October 2025, increasing financial pressure on projects. Blast, an Ethereum Layer-2 network, announced its closure citing the absence of a 'credible economic viability path.' Step Finance shut down following a major treasury vulnerability, while Radiant Capital ceased operations after failing to recover from a 2024 security breach. A DeFiLlama study released in August revealed that 100 crypto projects had announced closures by 2026, with 40 of them occurring within the previous 90 days; the most common reasons were product-market misalignment, followed by depleted funding, insufficient revenue, and pivoting to other products. These projects collectively raised approximately $1 billion in funding and incurred $250 million in total expenses, with nine individual projects securing over $50 million each. (Cointelegraph)

Odaily Planet Daily News: At 03:47 and 03:49 Beijing time, USDC Treasury successively minted two batches of 250 million USDC each on the Solana network, totaling 500 million USDC, worth approximately $500 million. Both transactions were executed by the USDC minting authority address.

Odaily Planet Daily News: Coinbase has suspended BLAST trading and reminded users to withdraw assets before October 26; BLAST assets not withdrawn from Coinbase by this date will be inaccessible after the Blast network shuts down. Previously, Blast announced it would cease operations and advised users to withdraw assets to the Ethereum mainnet before October 26; Upbit also plans to delist BLAST on October 26.

MyToken data monitoring shows that on 【October 21st, 01:53】 (Beijing Time), an address starting with 【bc1p82】 transferred 【1277 BTC】 to an address starting with 【bc1pu6】, with a total value of approximately 【105.85 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/