Coinbase CEO Brian Armstrong says traditional financial system has collapsed

[Hassett Surpasses Walsh to Reclaim Top Spot as Likely Next Fed Chair] Director of the U.S. National Economic Council, Hassett, has overtaken former Federal Reserve Governor Walsh in probability of becoming the next Federal Reserve Chair, reclaiming the top spot. Polymarket data shows Walsh's probability of being nominated by President Trump has dropped to 30%, while Hassett's has risen to 52%; Kalshi data indicates Walsh has fallen to 31%, and Hassett has climbed to 50%. U.S. Treasury Secretary Besant stated that there may be one or two more interviews this week, emphasizing that both Walsh and Hassett are highly qualified, and dismissed claims that Hassett is unfit for the role or that a new chair would compromise the Federal Reserve's independence.

[Bitwise CEO: Bitcoin ETF Purchases Will Exceed Annual Mining Supply] Crypto KOL Pete Rizzo posted that Bitwise CEO Matt Hougan stated the $15 billion Bitcoin ETF is about to purchase a quantity of Bitcoin that will exceed the annual mining supply.

[Kled Founder Accuses Believe Founder of Breaking Promises and Continuously Selling KLED Tokens] Avi Patel, founder of the Solana ecosystem AI project Kled, has accused Believe founder Ben Pasternak of breaking his promise to exit only through OTC transactions or token burning. Patel claims that during a period of project updates and market downturns, Pasternak used a DCA strategy to continuously sell millions of KLED tokens. Patel pointed out that on September 25, Pasternak allegedly sold tokens transferred to a third party, exceeding 1% of the total supply, forcing the project team to repurchase at an estimated valuation of $27 million to reduce his holdings to approximately 3.5%. About a week ago, Pasternak sold again, prompting the project team to organize another OTC buyback, reducing his holdings to approximately 1.7%. Currently, he still holds around 2 to 3 million tokens and continues to sell them.

[Keyrock Report: Prediction Markets Have Become Leading Indicators of Key Economic Data] Crypto market maker Keyrock reports that prediction markets such as Polymarket and Kalshi have become leading indicators of key economic data, with traders incorporating prediction markets into their models. Since early 2024, the monthly trading volume of prediction markets has grown from $100 million to $13 billion, a 130-fold increase. Research shows that Polymarket has an accuracy rate of 67% and Kalshi 78%. The ability of prediction markets to reflect collective intelligence has made them increasingly popular among professional traders.

[Aave Founder Announces Three Major Strategies for 2026: Aave V4, Horizon, and Aave App] Aave founder and CEO Stani.eth has unveiled the three strategic pillars for Aave in 2026: Aave V4, Horizon focusing on institutional RWA markets, and the mobile Aave App. Stani.eth highlighted that this year, Aave's net deposit peak reached $75 billion, generating $885 million in fees. Aave V4 will redesign the protocol; Horizon will enable institutions to use tokenized assets as collateral to borrow stablecoins; the Aave App aims to provide a mobile experience bridging cash to DeFi.