๐Ÿ”ˆ๐Ÿ”ˆ CRYPTO MARKET NEWS UPDATE โ€“ OCTOBER 7, 2026

๐Ÿ’ฅ BTC is trading around $85,300 as major developments across blockchain, security, prediction markets and tokenization dominate todayโ€™s crypto headlines.

๐Ÿ’Ž Top News Today:
โœ”๏ธ Ethereum L2 Abstract to shut down โ€” The Pudgy Penguins-backed Layer 2 will wind down after reportedly losing tens of millions of dollars.
โœ”๏ธ Polymarket launches V2 โ€” The prediction market platform rolls out a new architecture using a single ERC-1155 positions contract and pUSD collateral.
โœ”๏ธ Ondo expands onchain private-market access โ€” Ondo launches exposure to private companies onchain, initially focusing on AI-related firms.
โœ”๏ธ ZachXBT reveals Lazarus-linked laundering operation โ€” The blockchain investigator says he spent $349,700 infiltrating an alleged Chinese network tied to laundering funds for North Koreaโ€™s Lazarus Group.
โœ”๏ธ Solana treasury firm approves CHAD buyback โ€” DeFi Development authorizes a preferred-stock buyback program as part of its Solana-focused treasury strategy.

๐Ÿ“Œ Todayโ€™s Focus:
Layer-2 shutdowns, crypto security, prediction markets and tokenized real-world assets are among the key breaking stories today.

โš ๏ธ Disclaimer: This content is for informational purposes only and does not constitute financial advice. Users are responsible for conducting their own research, assessing risks, and complying with applicable laws and regulations in their jurisdiction.