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Binance announced that the altcoins Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND) will be delisted.

Binance, the world’s largest cryptocurrency exchange, continues to make altcoin announcements. Accordingly, Binance announced the delisting of four altcoins.

Binance announced that the altcoins Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND) will be delisted.

“Based on our latest assessments, we have decided to discontinue trading and delist the following tokens in all spot trading pairs on 10.07.2026 at 03:00 (UTC):”

ALCX, ARDR, NFP and POND

Spot trading pairs for these altcoins will be discontinued.

All trading orders will be automatically deleted after the transactions in the relevant trading pairs have ended.

The token’s value will no longer be displayed in user accounts after it is delisted. Deposits of these tokens will not be credited to users’ accounts after 03:00 (UTC) on 11.07.2026.

Withdrawals of these tokens from Binance will no longer be supported after 09.09.2026 03:00 (UTC).

Following the news, altcoin prices experienced sharp and significant drops.

*This is not investment advice.

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A crypto whale has opened a 40x short position on Bitcoin and a 10x short position on SPCX, with a total position value of $73.76 million.

According to Onchain Lens monitoring, a crypto whale has opened a combined short position valued at $73.76 million: 1002.5 BTC (40x leverage) and 89,695.7 SPCX (10x leverage). BTC’s liquidation price is $62,071.8, and SPCX’s liquidation price is $162.79.

4 minutes ago

A whale withdrew 1.6 million TRUMP tokens from Binance.

According to monitoring by Onchain Lens, after a one-month dormancy period, a whale has withdrawn 1.6 million TRUMP tokens from Binance, valued at $2.7 million. The whale now holds 17 million TRUMP tokens, worth $2.88 million.

4 minutes ago

Hyperliquid responds to being placed on Singapore’s investor alert list: It does not constitute an enforcement action or a finding of violation.

Hyperliquid has responded on X to its inclusion in the Monetary Authority of Singapore (MAS) Investor Alert List (IAL), stressing that being listed on the IAL does not amount to a ban, enforcement action or determination of violations. The list only identifies entities that could be misconstrued as holding an MAS license or falling under MAS regulation, and currently features several major exchanges and DeFi protocols. Hyperliquid noted that it is a permissionless infrastructure, has never claimed to hold an MAS license or received its authorization, and no changes have occurred to its network. Users remain fully self-custodied, and all transactions are settled transparently on-chain. The platform added that it will continue to cooperate with global regulators and institutions, and support the establishment of a clear, well-designed regulatory framework for on-chain finance.

4 minutes ago

China releases 7 national standards under the "Artificial Intelligence Agent Interconnection" series

The national standards series on Interconnection of Artificial Intelligence Agents has been officially released. The seven standards in this series fully cover core links including overall architecture, identity codes, identity management, agent description, agent discovery, agent interaction, and agent tool calling, systematically establishing a closed-loop standard specification system spanning the entire process: identity identification, capability description, supply-demand discovery, collaborative interaction, and tool calling, effectively filling the standard gap in this field. By unifying architecture and interaction rules, the standards allow enterprises to reuse standard components, reduce custom development, and shorten product time-to-market. They also establish a unified identity authentication and whole-process traceability mechanism, laying a solid institutional foundation for cross-domain trusted and secure interaction. (CCTV News)

4 minutes ago

Michael Saylor: Market volatility will test all capital structures; Strategy will continue to focus on Bitcoin

Strategy founder Michael Saylor said market volatility tests all capital structures, but the company will stay focused on Bitcoin, prudent capital allocation, credit quality, and long-term value creation. He thanked investors for their support, noting that the firm will continue executing its strategy transparently and resolutely. Recently, Strategy’s share price and preferred shares have been under sustained pressure.

4 minutes ago

Billionaire Grant Cardone: Will Continue to Dollar-Cost Average Bitcoin Using Real Estate Cash Flow

US real estate investment firm Cardone Capital CEO Grant Cardone tweeted that he has long advocated combining Bitcoin with physical assets, using cash flow generated from these assets to dollar-cost average into Bitcoin amid its volatility. "We are committed to boosting real estate cash flow and buying more Bitcoin when it drops," he said. Cardone added that Cardone Capital’s Bitcoin hybrid model draws inspiration from treasury firms, but is backed by real assets and actual cash flow, making it the world’s largest real estate-Bitcoin hybrid company, with no institutional investors impacting its value proposition. The firm established its Bitcoin treasury in April last year and has continued to increase its Bitcoin holdings since.

4 minutes ago

Alchemix Coin (ALCX) is the native cryptocurrency of the Alchemix platform, which is designed to create synthetic tokens.

What is Alchemix (ALCX)?Alchemix is a platform built to create yield-backed synthetic tokens. The requirements for creating synthetic tokens involve having an existing on-chain yield generation mechanism such as stablecoins or ERC20 tokens. This could include lending markets like Compound, AAVE, or vault-like products like yyDAI Vault or aLINK Vault. The Alchemix team is targeting stablecoins for the first synthetic token, which will be called alUSD. The plan is for alUSD to be mintable from several stablecoins, but initially, the protocol will only support DAI.

Alchemix is a system designed to create a new type of yield-backed synthetic asset. These tokens provide a powerful and novel service for DeFi users and protocols to utilize and build upon. The al-tokens have multiple pegging mechanisms. The transmutation pool, the vaults’ settlement with sub-tokens or their underlying equivalents, incentivizing pairs on AMMs, and broader adoption of al-tokens all contribute to the system. The Alchemix DAO treasury supports developers and adds value to the wider Ethereum $1,623 ecosystems.

Where to Buy ALCX Coin?ALCX Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. ALCX Coin is traded on Binance in the ALCX/BTC, ALCX/USDT, and ALCX/BUSD pairs.

To purchase ALCX, you must first sign up for an account on Binance. Once the registration is complete, you need to transfer either cryptocurrency or fiat currency to your Binance wallet. After the transfer is complete, you can buy ALCX Coin from one of the three pairs mentioned above. To buy from the ALCX/USDT pair, first go to the interface for this trading pair. In the limit section, enter the amount you wish to buy. After specifying the amount, complete the purchase by placing a buy order for ALCX.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

8 min read

Dec 22, 2025

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This is a summary of the Alchemix Q3 2025 Report, which can be found in full in the Alchemix GitBook. This report provides relevant data for Q3 2025, 1st July 2025 to 1st October 2025.

The third quarter of 2025 brought many developments into the crypto space and into the Alchemix world, including the following:

Alchemix experienced increases in the alETH price relative to the ETH price, as well as increases in treasury valuation, protocol revenue and solid growth of global deposits. Strong ETH price appreciation during the quarter resulted in buoyant treasury, deposit and Elixir valuations.

Alchemix has unveiled its v3 upgrade through a detailed public introduction on its official Medium blog, with enhanced efficiency and user-friendly features. This iteration builds on the protocol’s core mechanic of self-repaying loans, introducing up to 90% loan-to-value ratios while allowing collateral to continue earning yield, alongside innovative tools, such as the Mix-Yield Token, for simplified strategy management and fixed-duration redemptions to maintain peg stability for alUSD and alETH.

At the Rare Evo conference, Alchemix COO Ov3rKoalafied presented the protocol’s user-centric vision. He described how Alchemix removes complexity to make DeFi more accessible and ready for the mass market. He emphasized the protocol’s liquidation-free model, a key value proposition that continues to attract risk-averse users looking to unlock liquidity without the stress of market volatility.

Users staking alAssets on Stake DAO must migrate their positions on the official Stake DAO site to ensure rewards and compatibility with the latest gauges.

Alchemix is proud to be highlighted on the official Ethereum.org portal, cementing its status as a foundational DeFi protocol. This listing places the protocol alongside Ethereum’s most trusted applications, validating Alchemix as an approved destination for decentralized borrowing and yield management for new Ethereum users.

Cross-chain transfers of alAssets have been upgraded through a deeper LayerZero integration. LayerZero’s advanced messaging protocol results in smoother, more resilient and faster transfers across networks with reduced friction and higher throughput for users.

Marking a critical step toward launch readiness, Alchemix has announced the successful completion of its v3 security review conducted by Cantina, a leading blockchain auditing firm. This thorough audit, focused on the protocol’s core lending mechanics and new features, complements ongoing efforts such as the recent Immunefi audit competition, reinforcing user confidence in Alchemix’s commitment to robust security.

This document is not investment advice, nor should anything herein be construed as solicitation to buy or invest. This is solely for informational purposes only. The discussions in this document represent a good-faith effort to effectively summarize the information that is contained in the corresponding Quarterly Report, the disclaimer of which, including, but not limited to, discussion about forward-looking statements, also applies to this document. The numbers that are being provided below, as of 1 October 2025, as well as other information disclosed in this document, are unaudited. In an effort to effectively summarize the data, this document may contain conjectures or guesses that are the authors’ alone, and do not represent any official positions, feelings or statements of the Alchemix protocol itself.

IntroductionEstablished in February 2021, Alchemix is a DeFi lending protocol that offers Self-Repaying loans without the risk of forced liquidations. Alchemix’s value proposition is that it enables its users to access tokenized value against their deposits, while those deposits harness the power of DeFi to automatically pay down a borrower’s loan balance over time. Conceived as a new tool for people to take advantage of the time value of money, Alchemix is tested, audited and then deployed on-chain using smart contracts to provide security, transparency, immutability, and uncensorable access to all.

Q2 2025 LookbackBefore we dive into the latest updates, the previous quarter brought interesting developments into the Alchemix world, including the following:

The protocol earned approximately $780,000 in revenue for the quarter.Alchemix has received a 100,000 OP grant from Optimism to enhance yield on the Aave ETH and USDC vaults and alETH/alUSD incentives on Velodrome over six months.Sustaining the trust Alchemix has earned requires rigorous, ongoing security measures, one of which was submitting the v3 core contracts to a $50,000 USDC crowdsourced audit competition via Cantina, in addition to regular audits.Another measure was adopting the Security Alliance Whitehat Safe Harbor, which safeguards Alchemix contracts and assets by pre-authorizing ethical hacks with clear recovery and bounty protocols across chains.Continuing the security focus, Alchemix is now protected by Immunefi’s Magnus, which provides automated scanning, AI-driven threat detection, priority audits, and bug bounties.Alchemix launched Yieldmancing as an educational hub guiding users through self-repaying loans and yield strategies to promote informed DeFi navigation. This encourages DeFi literacy over speculation for the long-term benefit of users.The integration of Alchemix and HAI now lets users deposit alETH to borrow HAI stablecoins via overcollateralized vaults.The Alchemix Holyheld debit card is in beta with top-ups that enable collateral deposits to borrow and fund debit cards with self-repaying loans on Optimism.Q3 2025 TL;DR MetricsAt the end of Q3 2025, alUSD price (0.9918) had decreased slightly and alETH price (0.9799) increased compared to the previous quarter. The value of the Treasury had increased 33.4% to $16.56M, Global Deposits increased by 40.1% to $63.52M, and the value of the Elixir Contents had increased by 30.71% to $21.62M. Protocol Revenue saw an increase of 11.5% to $0.87M.

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Q3 2025 TL;DR MetricsThe Treasury figures exclude the value of ALCX, the governance token of Alchemix.Q3 2025 DataalAsset PricesThe main challenge for the protocol is to maintain a strong price for the alAssets.

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alUSD Price vs. USDCPress enter or click to view image in full size

alETH Price vs. ETHalAsset UtilityThe image below shows the tools and protocols used within the Alchemix ecosystem, many of which provide direct use-cases for alAssets.

Specific integrations and partners are discussed in the full report.

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The Alchemix EcosystemALCX Governance TokenThe governance token of the Alchemix protocol is ALCX. It allows users to influence protocol direction by voting on submitted proposals.

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ALCX Emission ScheduleAs shown on the chart, the initial high token issuance rate decreased in a linear fashion, dropping to the baseline 2200 tokens emitted per week at the 3-year mark, which was in March 2024.

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ALCX emissions are used to support the strategic goals of the protocol.

The protocol is still incentivizing single-sided staking, ALCX liquidity, and alAsset liquidity by using ALCX emissions. However, it has begun the transition to using emissions for the purpose of accumulating strategic assets.

The annualized inflation rate of ALCX is shown below and is very slowly decreasing in perpetuity:

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ALCX Supply GrowthAlchemix System ComponentsThree main components work in tandem to provide the functionality for the Alchemix system. These are the Alchemists, Transmuters and the Elixirs (AMOs).

User deposits are held by the Alchemist contracts. The Elixir and Transmuter contracts also hold a significant amount of funds which are responsible for providing a backstop for alAsset redemption. The Transmuters redeem alAssets for their underlying collateral pairs 1:1, but do this slowly, over a longer period of time.

The Elixirs, on the other hand, own a portion of the main alAsset liquidity pools and can take action to ensure that trades in their respective liquidity pools can be fulfilled at a reasonable level which is determined by governance. The Elixirs also provide a large portion of protocol revenue by farming the liquidity pool tokens.

Excess funds are being deployed in the Transmuters or in the Elixirs to provide price stability and to earn additional protocol revenue.

Elixir ContentsIn Q2 2025, the Elixirs contained $16.54M in USD equivalents. At the close of Q3 2025 USD equivalents had increased to $21.62M.

This quarter the Elixirs increased by $5.08M (+30.71%), primarily due to ETH price appreciation.

TreasuryA Treasury dashboard that highlights revenues and expenses, as well as assets and liabilities, can be found at https://alchemix-stats.com.

In Q2 2025 the treasury assets were valued at $12.41M and composed of stablecoin assets valued at $0.80M and $11.61M of other assets. By the end of Q3 2025 the treasury assets were valued at $16.56M and composed of stablecoin assets valued at $1.96M and $14.60M of other assets, which represents a 33.44% increase for the quarter. The above numbers reflect non-ALCX holdings.

Protocol RevenueThe following shows protocol revenue for Q3 2025. The revenue is denominated in the USD value of the tokens earned at the time that the tokens were claimed. Included is revenue earned by the protocol’s eight Elixir pools (alUSD-FRAXBP, alETH-frxETH, alUSD-sDOLA Elixir, Optimism Elixir, Arbitrum Elixir), the Mainnet Developer Multisig, the Optimism Multisig, the Arbitrum Multisig, the Base Multisig, and revenue earned from harvest fees on Mainnet, Optimism, Arbitrum, a Velodrome veNFT on Optimism, a RAMSES veNFT on Arbitrum and an Aerodrome veNFT on Base. This report does not yet include revenue that may be earned from other sources of income owned by the treasury’s time-lock address. Those revenues are planned to be included in future reports. This report also does not include tokens whose total revenue was less than $1,000 for the quarter.

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Protocol RevenueDeposit MetricsThis section provides numbers for user activity in the protocol’s contracts. All data is for Q3 of 2025.

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Mainnet Stablecoin DepositsPress enter or click to view image in full size

Mainnet ETH DepositsPress enter or click to view image in full size

Optimism Stablecoin DepositsPress enter or click to view image in full size

Optimism ETH DepositsPress enter or click to view image in full size

Arbitrum Stablecoin DepositsPress enter or click to view image in full size

Arbitrum ETH DepositsNet Deposits at Quarter EndAt the end of Q2 2025 net deposits consisted of Mainnet stablecoins $5.61M, Mainnet ETH $34.60M, Optimism deposits of $4.81M and Arbitrum deposits of $0.33M.

Q3 2025 net deposits consisted of Mainnet stablecoins $5.26M, Mainnet ETH $51.38M, Optimism deposits of $6.01M and Arbitrum deposits of $0.87M.

At the end of Q3 2025, net deposits on Alchemix were $63.52M, an increase of 40.1% on the previous quarter.

Binance VIP borrowing will remove TUSD and ALCX from the list of available collateral assets.

PANews reported on March 13 that, according to an official announcement, Binance is continuously monitoring the market and regulatory environment and adjusting its services accordingly. Starting from 08:00 (UTC+8) on March 30, 2026, Binance will remove TrueUSD (TUSD) and Alchemix (ALCX) from its list of eligible collateral.

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PANews reported on April 11 that Web3 security platform Immunefi announced on its X platform that DeFi protocol Alchemix has relaunched its bug bounty program on its platform based on its latest v3 contract, with a maximum reward of $300,000. This program aims to encourage security researchers to review the new version of the contract code, discover potential vulnerabilities in advance, and improve the overall security of the protocol.

PANews reported on April 29 that, according to PANews monitoring, a victim lost approximately $1 million in Alchemix Yearn yvVault positions (yvWETH) due to an unverified contract (address starting with 0x143a) that they had previously approved. The contract, created 10 days prior, was found to contain a vulnerability that could be exploited to execute arbitrary calls.

Alchemix, one of DeFi's OG protocols, recently shipped its biggest rework yet.

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One of the first DeFi projects I ever wrote about in 2021 was Alchemix.

That spring, Alchemix had just unveiled its V1 protocol and alUSD, a synthetic stablecoin you could mint-and-borrow and that would automatically work to pay back your debt via yield farming.

This was, of course, the first money lego of its kind in DeFi, and I remember having my mind blown at the concept of self-repaying loans. And now, 5 years later, it's been cool to see how Alchemix has continued to work on improving this model ever since.

The next era of Alchemy has arrived.

Alchemix v3 caps are raised, and Transmuters are open.

After years of building on what we learned from v2, today we open up 90% LTV vaults, new Mix-Yield Tokens, and the Fixed-Duration Transmuter.

The future we envisioned, starts here. 🧵 pic.twitter.com/jjIqWaQ6ka

— Alchemix (@AlchemixFi) May 4, 2026 The latest milestone here is Alchemix v3, which went fully live this May and is the biggest rework of the original idea to date.

The pitch is still the one that hooked me in 2021, i.e. borrow against your deposit and let yield quietly clear the balance, but the v3 plumbing underneath is expanded and more capital-efficient.

The big ideasIf you're new to Alchemix, the basic loop is simple. You deposit ETH or USDC, you borrow a synthetic version of it (alETH or alUSD) against that collateral, and your deposit earns yield in the background that steadily pays down what you owe.

There's no interest rate, and crucially, no price-based liquidations, so for example a dip in ETH won't get your position force-closed because your debt and collateral move together.

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What has changed in v3 is mostly how your collateral earns and how the debt gets repaid. Three pieces are the main pillars here:

The Mix Yield Token (MYT): Rather than parking your deposit in a single place, v3 wraps it in the MYT, a basket of strategies (built on Morpho's Vaults V2) that the Alchemix DAO curates and rebalances. If one strategy stumbles, the basket spreads the hit instead of concentrating it. You can also just hold the MYT for passive yield without ever borrowing if that's all you want.90% LTV: v3 lets you borrow up to 90% of your collateral's value, which is basically 2x as efficient as what was possible in the V2 protocol. More of your capital is freed up to actually use, in other words.The Transmuter: This is now a fixed-term bond market. You can deposit alUSD or alETH, lock it for a set period, and redeem 1:1 for the underlying (via MYT) at maturity. If an alAsset is trading below $1 on the open market, buying it cheap and locking it in becomes a fixed-rate yield play, and that arbitrage helps keep the peg tight.All that said, you still have the same self-repaying loan possibilities I first got inspired by in 2021, just with a sturdier onchain engine bolted underneath.

How to try the V3There's no need to reinvent the wheel here because Alchemix's own docs already cleanly lay out all the ways to dive in with step-by-step guides. If you want to try the new protocol, the specific walkthroughs for the three main things to explore are as follows:

Earn passive yield: Mixed Yield tutorialLock in fixed returns: Fixed Yield tutorialTake a self-repaying loan: Borrowing tutorialBasically, you'd connect a wallet on Ethereum, Arbitrum, or OP Mainnet, deposit ETH or USDC to mint MYT, and from there either sit on the yield or borrow against it, etc. The alchemix.fi/dashboard page will show your live LTV against a health bar, so you always know where you stand.

Some risk considerationsLiquidations in v3 aren't triggered by price swings, but they can happen if a yield strategy inside the MYT takes a real loss, so maintaining a conservative LTV is your friend (the DAO caps higher-risk strategies, which gives you a basis for picking a safe number).

That said, alAssets can also trade slightly below peg, which is an upfront cost when you borrow and sell. And crosschain bridging back to mainnet is rate-limited, so be sure to double check liquidity before fully diving in and building up a big multichain position.

On the security front, v3 ships with audits from several top firms and an active Immunefi bug bounty, a stark contrast from the "no audits yet" caveat I noted when I first wrote about Alchemix's V1 yield farms back in 2021. This is encouraging, but always do your own research too.

My grand takeaway here is that the self-repaying loan was a wild idea 5 years ago, and it's now a much more refined piece of DeFi machinery thanks to Alchemix v3. This is a slick one to explore in my opinion, so give it a look if you're hunting for new DeFi things to try.

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