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S&P 500 and Nasdaq Hit New Highs| WEEX TradFi Daily Brief (October 7, 2026)
Major equity indexes closed higher on October 6 ET. The S&P 500 and Nasdaq both set closing highs as long-end yields eased and oil stabilized, shifting capital from rate worries toward earnings. Constellation Energy led on a long-term power agreement to supply Google, while tokenized-securities platform Securitize jumped early after signing a tech partnership. Bitcoin held near $86,000, LayerZero led majors, and Anvil surged after an institutional purchase of governance tokens. Applied Digital reports after the close on October 7 ET, while markets also track policy-meeting minutes and TOKEN2049 industry headlines.
SEC drops to 2 members, and 1 hidden rule shifts crypto power
Peirce’s exit leaves the SEC with two commissioners as a new quorum rule could put crypto decisions in one member’s hands.
Abstract Announces Shutdown: With Brands and Users, Why Can't It Sustain a Chain?
With 4 million wallets, 400,000 users, and 144 applications, Abstract still failed to run a successful L2 business.
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