Bitcoin Surges Past $76,000

Fairshake, the crypto political action committee (PAC) backed by institutions including Coinbase, Ripple Labs, and A16z, announced it will support 32 incumbent U.S. House members in the 2026 midterm elections, comprising 19 Republican lawmakers and 13 Democrats. Fairshake plans to initially deploy $6 million, providing $1 million each in campaign support to 3 Republican and 3 Democratic candidates. Spokesperson Geoff Vetter stated: “We support pro-crypto candidates from both parties who back U.S. innovation.” All 32 candidates voted in 2025 to advance the Digital Asset Market Clarity Act (CLARITY Act), though the bill failed to pass a key Senate vote and remains uncertain. Fairshake expects to invest over $100 million this year on ads supporting House and Senate candidates, with at least $30 million allocated to Ohio’s Senate race, backing Republican candidate Jon Husted against Democratic incumbent Sherrod Brown. Vetter previously noted that as of August, Fairshake held $122 million in cash, with the goal of building the largest pro-crypto congressional coalition in U.S. history.

According to on-chain analyst Ai Yi (@ai_9684xtpa), two hours ago, address 0xf7A…147AB deposited all 654,288 UNI tokens into Coinbase, valued at approximately $5.96 million, an apparent profit-taking move. The tokens were withdrawn from a trading platform between September 3 and October 1, at an average price of around $7.16. Using the withdrawal price as the cost basis and selling at the deposit price, the estimated profit is about $1.27 million, with a return rate of roughly 27.23%.

The U.S. Commodity Futures Trading Commission (CFTC) has released advance notices of proposed rulemaking for the Crypto Asset Trading Regulation (Regulation CTX) and Crypto Asset Market Regulation (Regulation CAM), seeking public input on establishing a comprehensive regulatory framework for retail crypto asset trading. Key focus areas of the consultation include: how to implement a unified national regulatory system to prevent abuses in crypto markets and related transactions; how to clarify compliance requirements and industry best practices for crypto assets; and how to create a dedicated subcategory of registered designated contract markets (DCMs) specifically for crypto asset trading, dubbed "crypto asset markets". CFTC Chairman Michael S. Selig stated that this action will leverage existing statutory authority to advance a federal crypto market regulatory framework, with the goal of preventing fraud like the FTX collapse rather than only pursuing accountability after the fact. The CFTC will consider subsequent rulemaking and other actions based on public feedback. Comments must be submitted in writing within 60 days of the notice’s publication in the Federal Register.

Polymarket has launched Polymarket Protocol V2, its next-generation prediction market smart contract system that fully overhauls the underlying architecture of its existing protocol. The current protocol is built on the 2019 Gnosis Conditional Tokens Framework, requiring additional adapters, trading contracts, and authorization processes to be deployed for every new market type. V2, by contrast, standardizes on a single ERC1155 position token contract, uses pUSD as collateral, and integrates a trading platform contract and router. V2 features a modular architecture, with initial support for binary, atomic zero-risk, incremental zero-risk, and composite markets. It connects UMA, Chainlink, and future oracles via the new OracleAggregator, and natively supports cross-chain functionality for positions, collateral, and settlement outcomes—laying the foundation for future multi-chain deployments. All contracts are upgradeable via a secure governance process. Polymarket Protocol V2 has undergone audits by Cantina, Certora, Quantstamp, SigmaPrime, Zellic, and Pashov, with formal verification completed by Certora, and offers a critical bug bounty of up to $5 million. Polymarket will run a small number of gray-scale production markets from October 5 to 30, with plans to switch new markets to V2 starting November 2. The platform is also launching Data API V2, built on Rust and an in-house on-chain indexer.

According to BIT (bit.com) market data, U.S. stocks closed on Monday: the Dow Jones Industrial Average initially rose 0.18%, the S&P 500 gained 0.67%, and the Nasdaq climbed 1.05% to hit a new high. Large tech stocks continued to underpin index performance: SpaceX jumped nearly 8%, Tesla, Nvidia, and Broadcom all rose more than 2%, Meta added 1.9%; TSMC's ADR climbed 2.75%, with its market cap briefly topping $2.5 trillion during the session to hit an all-time high. However, most semiconductor stocks fell: Intel, Qualcomm, ARM, ASML, and AMD all closed lower, and the Philadelphia Semiconductor Index rose less than 0.3%. Alongside the index gains, market breadth continued to deteriorate. Monday marked the 15th consecutive trading day where the number of U.S. stocks hitting new lows exceeded those hitting new highs. Fundstrat data shows that only around 20% of Russell 3000 constituents are trading above their 50-day moving average, while the proportion above the 200-day moving average dropped to just over 40%—the lowest level so far this year. Goldman Sachs noted that some fundamental long-short funds are reducing risk exposure, with overall net positioning at roughly the 2nd percentile of the past five years. In the bond market, yields on 10-year and 30-year U.S. Treasuries rose to 5.34% and 5.70% respectively during the session, both hitting new highs since 2002. The U.S. September ISM Services PMI fell to 54.9, but the services price index rose from 72.6 to 74.0—its highest level in four years—amplifying market concerns about persistent inflationary pressure and prolonged high interest rates.

According to on-chain analyst Ai Yi (@ai_9684xtpa), GMGN transferred 11,999.5 ETH to Coinbase's Batch Staking address for staking six hours ago. Notably, a week prior, GMGN had deposited ETH worth $16.38 million into a trading platform, sparking suspicions of a sell-off.