🔈🔈 CRYPTO MARKET NEWS UPDATE – OCTOBER 7, 2026

đŸ’„ BTC is trading around $85,300 as major developments across blockchain, security, prediction markets and tokenization dominate today’s crypto headlines.

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

📌 Today’s Focus:
Layer-2 shutdowns, crypto security, prediction markets and tokenized real-world assets are among the key breaking stories today.