Jeff Yan: "If I were to start a new business now, I would likely choose to research options."

The European Securities and Markets Authority (ESMA) has issued guidance requiring EU crypto firms to cease services involving stablecoins that do not comply with the Markets in Crypto-Assets (MiCA) framework, and set a three-month deadline to address existing exposures. ESMA noted that national regulators should mandate relevant firms to resolve remaining exposures to non-compliant stablecoins as soon as possible, with a hard deadline of January 8, 2027. The guidance applies to crypto services under MiCA oversight, including trading platforms, exchange services, order execution, custody, transfers, investment advice, and portfolio management. ESMA stated that crypto firms must implement technical, contractual, and organizational control measures to prevent EU clients from accessing or increasing their exposure to unauthorized stablecoins. Regulators may permit limited services to assist clients in exiting existing positions, including liquidation, exchange, withdrawals, transfers, and custody, though such activities must be temporary and closely monitored. This update expands on guidance ESMA issued in January 2025, which previously required restrictions on trading and exchange services involving non-compliant stablecoins.

According to HTX market data, as Bitcoin and the broader crypto market pull back, some altcoins continue their strong rally. Key 24-hour performance and current prices: MET (Meteora) up 60% to $0.5; W (Wormhole) up 17.8% to $0.0163; ALGO (Algorand) up 16.6% to $0.1377; JUP (Jupiter) up 16% to $0.379; RAY (Raydium) up 13.3% to $2.46; STRK (Starknet) up 12.3% to $0.056; CRV (Curve) up 10.9% to $0.388.

Travala announced it has completed this month’s strategic reserve repurchase, matching the AVA Foundation’s monthly repurchase to add 228,577.74 AVA tokens to the AVA strategic reserve. The firm noted that this batch of AVA will be permanently held, with no plans to sell or transfer the assets. Following the purchase, the AVA strategic reserve balance now totals 598,458.78 AVA.

Beating AI Express News: OpenCode co-founder Dax Raad has launched OpenTunnel, an open-source internal network penetration tool that generates public HTTPS links for websites, APIs, or OpenCode services running on a local computer. For example, users can run OpenCode on their home PC and remotely connect via a mobile device when away to continue managing AI programming tasks, without needing to configure a public IP or router port forwarding. This functionality is similar to Tailscale Funnel, both enabling local services to be exposed to the public internet without requiring visitors to join a private network. Both tools also support end-to-end encryption: traffic is not decrypted until it reaches the local device, so intermediate servers cannot read normal communication content. OpenTunnel also provides an SDK, allowing developers to integrate public network access features directly into their own applications. OpenCode has completed integration with OpenTunnel and plans to launch the remote pairing feature in its official version on October 9. At that time, users will be able to connect to OpenCode running on their computer via a mobile device using a one-time link or QR code. However, public links are not private connections—anyone can attempt to access the public URL, so sensitive services still require authentication. The community also notes that the operator holds domain and certificate issuance privileges, meaning they could theoretically issue additional certificates. Dax acknowledged that users still need to trust the operator, adding that users can deploy their own intermediate servers.

According to TASS, Anatoly Tsarev, deputy chairman and board member of Russia's Sberbank (Sber), said the bank has observed significant interest in cryptocurrencies among its customers.

According to TradingBeats' monitoring, "Maji" (Huang Licheng, wallet address 0x020c) currently holds a long position of approximately 36,200 ETH with 25x full-position leverage, worth around $92.88 million at an average entry price of $2,646.1, with an unrealized loss of roughly $2.828 million. ETH is currently trading at approximately $2,568. Maji’s liquidation price stands at $2,508.2, a gap of about $59.7; a further ~2.3% drop in ETH would trigger his estimated liquidation line. Other long positions also face near-term risks. One trader holding a 20x full-position long ETH position worth ~$2.362 million, with an average entry price of $2,774.1 and liquidation price of $2,541.5, is about 1.0% away from the current price (wallet address 0xf25a). Two other 25x full-position long ETH traders hold positions worth ~$9.581 million and ~$2.096 million respectively, with average entry prices of $2,575.7 and $2,575.1, and have set full-position stop-loss orders at $2,523 (wallet addresses 0x634f, 0xa516). The two stop-loss orders collectively cover approximately 4,547.2 ETH, worth ~$11.473 million at the trigger price, with the stop-loss level about 1.8% lower than the current price.