Safe has moved its transaction-security network out of beta. Safenet Aegis went live in production on October 15, 2026, covering Ethereum Mainnet, Gnosis Chain, and Arbitrum.
The idea is to check a transaction before it executes and, if the user opts in, stop the bad ones onchain. Warning pop-ups are helpful. A contract that refuses to cooperate is more helpful.
The launch came through Safe’s governance structure, with Safe Foundation and SafeDAO steering the rollout. It also introduces paid transaction checks and a fresh round of staking rewards for SAFE holders.
How Safenet Aegis works
The first group of Sentinels includes OpenCover, BlockSecTeam, Candide Labs, and IntentGuard. Each operates independently of the others.
Validators then attest to those evaluations onchain. These validators are governed by SafeDAO, the community body that oversees the protocol.
The final layer is optional. Users can enable a formally verified Safenet Guard on their Safe account, which allows the network’s findings to be enforced directly onchain.
That distinction is the core of the product. Without the Guard, Aegis acts as an advisory service. With it, security goes beyond interface warnings and into the transaction logic itself.
Safe says audits for both the Guard and the staking contracts have been completed. User funds stay non-custodial throughout, so the network reviews transactions without ever taking control of the assets.
Fees, staking, and the beta numbers
The security checks are not a free add-on. Users pay onchain fees for transaction evaluations, and that money goes to the security providers doing the review.
One example given for the fee is 40 USDC.
The production launch follows a six-month beta that concluded in early October 2026. Over that stretch, approximately 4.5 million SAFE tokens were distributed as rewards.
Throughput reached around 100,000 transactions per week during the beta, giving the team a read on how the network behaves under load.
More than 72 million SAFE tokens were staked across roughly 865 participants after the beta ended.
Those participants do not need to do anything to carry their positions forward. Existing stakes transition to the production network without migration, which spares stakers the usual unstake-and-restake routine.
SafeDAO passed SEP 56, approving approximately 7.4 million SAFE from the treasury for a 12-month period that began on October 13, 2026.
The allocation is primarily earmarked for staking rewards. In practice, the DAO is underwriting a year of incentives while the fee side of the network gets established.
Background: from beta experiment to production layer
Integration into Safe{Wallet} is planned for Q4 2026. Until that ships, users looking to use Aegis will need to take the extra step of enabling the Guard themselves.
What this means for SAFE holders and Safe users
The key tension is between subsidized rewards and earned fees. For the next 12 months, SEP 56 money does much of the heavy lifting. The real test is whether paid transaction checks generate enough activity to keep Sentinels and validators engaged once that allocation runs its course.
Pricing will shape that answer. A fee like 40 USDC may be easy to justify for a treasury moving large sums, but smaller users may weigh it differently against the risk they are trying to avoid.
The launch cohort of Sentinels is four names: OpenCover, BlockSecTeam, Candide Labs, and IntentGuard. The model is built on independent judgment, so how that group grows will matter for how credible the network’s verdicts become.
Validators answer to SafeDAO, which ties the network’s reliability to the health of that DAO’s decision-making. That means governance votes now carry operational weight, not just treasury weight.
The planned Safe{Wallet} integration in Q4 2026 could move Aegis from an opt-in tool for security-minded teams to something closer to a default experience.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to HTX market data, Bitcoin has fallen below $83,000.
8 minutes ago
Tom Lee: Bitmine’s stock performance still outpaces ETH in the bear market; tokenization, wealth transfer, and AI will drive the largest crypto bull market in history
Tom Lee, chairman of Bitmine, said he expects the next crypto bull run to be the largest in history, with key drivers including asset tokenization, intergenerational wealth transfer, digital asset treasury firms’ continued absorption of market supply, and the crypto sector benefiting as a downstream segment of the AI industrial chain. Lee argues that the ongoing wealth transfer will bring more capital to the crypto market. Since the group inheriting wealth is relatively young and likely has a higher risk appetite for crypto assets and stocks, this trend’s impact in the current cycle may surpass that of the 2019–2021 bull run. He also pointed out that even though the crypto market was in a bear phase between 2025 and 2026, Bitmine’s stock performance still outperformed ETH. As the macro environment changes and the crypto market enters a new cycle, he believes the company is well-prepared for a potential bull run.
8 minutes ago
Pre-Market News Roundup: TSMC’s quarterly earnings on track to hit an all-time high, Norway fines Microsoft nearly $10 million, Amazon in talks to acquire Decart.
Key pre-market news for U.S. stocks: 1. Strategy added 250 BTC to its holdings last week, bringing its total BTC position to 848,250. 2. Bitmine added 12,532 ETH last week, lifting its total ETH holdings to 6.03 million, approaching its 5% supply target. 3. Nvidia (NVDA.O) is in talks to acquire U.S. open-weight model developer Reflection AI or make additional investments in the firm. 4. Goldman Sachs has upgraded its three-month stock allocation rating to "overweight" and its 12-month bond allocation rating to "overweight". 5. Saudi Aramco’s CEO: Target to boost gas production sales by approximately 80% by 2030 compared to 2021 levels. 6. Autonomous trucking firm Kodiak AI (KDK.US) received additional stake purchases from Cathie Wood. 7. External forecasts widely expect TSMC (TSM.N) to achieve a sixth consecutive quarter of record-high profits, driven by the AI boom. 8. Norwegian regulators fined Microsoft (MSFT.O) nearly $10 million over a privacy breach. 9. Venezuela’s president reached an agreement with SpaceX (SPCX.O), officially authorizing Starlink’s operations. 10. Amazon (AMZN.O) is in talks to acquire AI startup Decart for roughly $7 billion, a deal that could value Decart at around $7 billion. 11. Tesla (TSLA.O)’s Robotaxi is under U.S. regulatory scrutiny for alleged speeding in school zones.
8 minutes ago
Saudi Arabia plans to increase its onshore oil transportation capacity to 10 million barrels per day, establishing an alternative energy transport backup route.
Saudi Energy Minister Abdulaziz bin Salman recently stated that Saudi Arabia plans to increase its overland oil transport capacity bypassing the Strait of Hormuz to 10 million barrels per day (bpd) over the next two to three years, to reduce reliance on the Persian Gulf shipping lane. The kingdom’s East-West Oil Pipeline, which links its eastern oil fields to Yanbu Port on the Red Sea, has a designed capacity of 7 million bpd. As of early October, the pipeline’s actual daily throughput rose to 5.8 million bpd, with around 4.5 million bpd used for exports and the rest supplied to western refineries. Saudi Arabia is upgrading pumping stations along the pipeline to further boost capacity. Additionally, the kingdom plans to temporarily convert existing natural gas pipelines for crude oil transport. After adjustments, these pipelines will support an oil transport capacity of roughly 1.2 million bpd; with future investments in pumping stations and compressors, their potential capacity could reach 3 million bpd. Saudi Arabia is also evaluating a dual-use oil and gas pipeline network scheme, enabling flexible switching of transport purposes based on geopolitical risks and seasonal demand. This initiative aims to address shipping disruptions through the Strait of Hormuz and security risks on the Red Sea route, building a more resilient crude oil export system. However, the 10-million-bpd overland transport capacity remains in the planning and construction phase, and its final realization depends on pipeline upgrades and supporting infrastructure investments.
8 minutes ago
Last week, DFDV added approximately 22,000 SOL tokens to its holdings, while its preferred stock CHAD hit a record high amid the broader market downturn.
Solana Treasury Firm DeFi Development Corp. (Nasdaq: DFDV) announced on October 12 that its treasury holdings rose by approximately 22,070 SOL and equivalent assets over the past week, bringing total holdings to around 2.5863 million SOL — a roughly 12% increase from levels when its Q2 financial report was released on August 12. The company stated it will continue accumulating SOL through ongoing purchases and on-chain yields, and has established a $300 million market issuance program (CHAD ATM) to fund further acquisitions. Meanwhile, its floating-rate perpetual preferred stock CHAD rose against the trend in the week ended October 9, hitting a record high trading price despite broader crypto market weakness in the same period. The company noted CHAD currently has an annualized dividend yield of 13%, calculated at a $10 par value per share, translating to an annual dividend of $1.30 per share. Dividends are paid on each business day when the company declares a distribution. CHAD serves as a financing channel for expanding its SOL treasury while offering holders income opportunities tied to SOL asset returns, the company added. It should be clarified that the 13% is the current dividend rate, not a guaranteed return; dividends are only paid after the company’s declaration, and future dividend rates and stock prices may fluctuate.
8 minutes ago
Bitmine added 12,532 ETH to its holdings last week, bringing its total ETH position to 6.03 million, approaching its 5% supply target.
Bitmine Immersion Technologies (BMNR) announced on October 12 that, as of the latest statistics, it holds approximately 6.03 million ETH, accounting for around 4.9% of Ethereum’s total supply. The company added 12,532 ETH to its holdings last week, pushing its position further above the 6 million ETH threshold and bringing it close to its target of holding 5% of Ethereum’s total supply. In addition to ETH, Bitmine’s holdings of crypto assets, cash, tradable securities, and other investments total approximately $16.2 billion. Of this total, the company has staked 5,067,309 ETH, valued at roughly $12.9 billion per announcement data, representing about 84% of its total ETH holdings. Bitmine Chairman Tom Lee stated that since launching its ETH treasury strategy on June 30, 2025, the company has been continuously purchasing ETH every week. He projects that once all of the company’s ETH holdings are fully staked through MAVAN and its partners, at the current 2.61% seven-day yield, annualized staking revenue could reach approximately $400 million. Additionally, the company’s perpetual preferred stock (BMNP) closed at $99.53 per share, above its $80 per share issue price. Tom Lee believes that as tokenization, wealth transfer, and AI-related demand drive growth in the crypto market, Bitmine is poised to benefit from the next bull market.
Gnosis co-founder Martin Köppelmann says the top Google result for “gnosis safe” is a paid Google ad scam. The sponsored link sends users to a polished clone of Safe, a multisig wallet holding over $60 billion.
Self-custody wallets exist to cut out middlemen. Yet many users still find their wallet through a search engine that auctions its top slot.
Köppelmann helped build Gnosis, the team that created Safe before spinning it out. He flagged the ad on X.
I hate this so much. The top Google result (an ad) leads to a well-made scam version of @safe. Given how often legitimate crypto projects get suspended from ad programs, fkn @Google still happily sells its top spot to scammers after all these years. pic.twitter.com/VzwM5zn25v
— koeppelmann (@koeppelmann) October 11, 2026 Screenshots in his post show the ad labeled Safe.global, with a display link reading google.com. However, a click lands on wallet-safe.global, a lookalike domain.
The fake page copies the real Safe Wallet app almost exactly, down to its latest product banner.
Notably, the ad catches users still searching for “gnosis safe,” the name Safe dropped in a 2022 rebrand.
Once a visitor connects and signs, a drainer site can request approvals that empty the account. For that reason, the clone needs only one careless click.
In his view, Google often suspends legitimate crypto projects from its ad programs. Still, the company keeps selling its top placement to scammers, he argued.
This Google ad scam is far from the first. In August, a fake Trezor page ran as the top sponsored Google result for “Trezor wallet.” The address tied to it received roughly 24 BTC.
In May, a fake Uniswap site drained roughly $400,000 from multiple wallets, according to an on-chain investigator.
Similarly, DeFiLlama recently let a fake App Store clone drain a real wallet. The team did so to push Apple into removing the scam listing.
A few simple habits help users avoid these traps.
Skip any result labeled “Sponsored” when searching for a wallet, exchange, or DeFi app. Google places these paid ads at the very top, above the regular results. Bookmark the official address once and use only that bookmark afterward. Check the domain letter by letter before connecting. Scammers often use lookalike letters, such as a lowercase “l” instead of an uppercase “I”, to deceive victims. Cross-check links through the project’s official X account or documentation. Treat any unexpected signature or token approval request as a red flag. Meanwhile, the burden of checking every URL still sits with the user. Until ad platforms tighten vetting, a bookmarked official address remains the simplest defense against the next Google ad scam.
Moving funds from Ethereum to Gnosis Chain used to mean waiting long enough to brew a pot of coffee. Now the wait is about as long as it takes to read this paragraph.
Gnosis has integrated Ethereum’s Fast Confirmation Rule (FCR) into its official bridges, the xDAI bridge and Omnibridge. Deposits from Ethereum mainnet now process in approximately 13 seconds. Before the change, they waited for full economic finality, which took about 13 minutes.
What changed, and what didn’t The switch went live on October 8, 2026. Gnosis says this makes it the first production system to run FCR, so other teams now have a real deployment to study.
The timeline also beat its own forecast. Gnosis documented the FCR integration on September 24, 2026, with a target of production rollout by the end of October. It shipped weeks ahead of that.
For users and developers, nothing needs to change. No wallet updates are required, no contracts need redeploying, and no settings need toggling. Every transfer that starts on Ethereum and heads to Gnosis now uses FCR by default.
The speedup only works in one direction. Transfers that start on Gnosis and go to Ethereum still rely on economic finality, which the research puts at roughly 5 minutes.
How fast confirmation actually works Ethereum’s standard finality works like the county office. Under the Casper FFG mechanism, a block counts as final only after two full epochs are finalized.
FCR is a feature in Ethereum consensus clients that checks the attestation weight behind a recent block. Attestations are votes from validators confirming that a block is valid. If enough validator weight backs a block within one slot, FCR treats it as confirmed.
For Gnosis, this means its bridge validators can release funds on the Gnosis side much sooner. They no longer wait for Ethereum to finish its full finality process. They act once the attestation signal is strong enough.
The speed has a cost. Economic finality carries a guarantee tied to a 33% adversarial threshold. FCR relies on a different threshold of approximately 25%.
To keep the change transparent, Gnosis has set up public monitors. Users can check the confirmation status of their transactions themselves rather than taking the bridge’s word for it.
Why Gnosis is doing this now The FCR rollout is not a one-off upgrade. Gnosis frames it as one step on its roadmap toward synchronous composability within the Ethereum Economic Zone (EEZ).
Gnosis says atomic cross-chain calls are planned next. An atomic call is an all-or-nothing operation across chains: either every step succeeds, or none of them do.
What this means for users, builders, and the wider ecosystem The most immediate benefit goes to anyone who regularly moves value from Ethereum into Gnosis. A wait of about 13 minutes was long enough to make bridging feel like a chore. A wait of approximately 13 seconds makes it feel close to a normal transaction.
The security trade-off deserves attention, especially from larger users. Moving from a 33% adversarial threshold to approximately 25% is a deliberate choice. The public monitors give users a way to check that confidence instead of assuming it.
The asymmetry also matters. Keeping Gnosis-to-Ethereum transfers on economic finality suggests Gnosis is willing to accept faster, slightly riskier confirmations coming in, but wants the stronger guarantee for funds going back to mainnet.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Polymarket’s head of protocol said V2 replaces a stack of add-on contracts built over 2019 Gnosis code with one modular system, and a handful of live markets run on it through October.
Polymarket rebuilds its core contracts with Protocol V2
Posted October 6, 2026 at 6:05 am ET.
Polymarket is replacing the smart contracts its prediction markets have run on since launch. Head of Protocol Rajath Alex introduced Polymarket Protocol V2 on X on Monday, describing it as a rebuild “from the position token up.”
A small set of canary markets started trading on V2 in production that day and will keep running through Oct. 30, Alex wrote. Polymarket has tentatively scheduled new markets to move to the system on Nov. 2.
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Why Polymarket Rebuilt “Polymarket currently runs on smart contracts that were never designed for what it became,” Alex wrote.
The platform was built on the Conditional Tokens Framework, general-purpose code Gnosis released in 2019. According to Alex, each market type Polymarket added later needed its own contract stacked in front of that framework: an adapter for its pUSD collateral, a wrapped-collateral token for neg-risk markets, a second exchange and a separate UMA adapter per market type.
“It worked, and it carried Polymarket this far,” he wrote. “But every new feature meant another layer, another approval for you, another contract for integrators, and another thing that can’t be changed once it’s deployed.”
What V2 Changes V2 consolidates that setup into a single ERC-1155 contract for positions, pUSD as the only collateral, one exchange for all market types and one router. Position IDs now carry the market type, market and outcome inside them, letting the protocol identify a position without extra lookups.
Four market modules ship at launch: binary, atomic neg-risk, incremental neg-risk and combinatorial. A new OracleAggregator handles resolution and can connect to UMA, Chainlink and future oracles. The contracts are also designed to bridge positions, collateral and resolutions to other chains, which Polymarket plans to switch on when it expands beyond one network. The system can be upgraded through a governance process, and Alex listed scalar resolution and directional collateral return as follow-on features in development.
Audits and Migration Alex wrote that Cantina, Certora, Quantstamp, Sigma Prime, Zellic and Pashov Audit Group audited the code and that Certora also formally verified it. A bug bounty pays up to $5 million for critical findings.
For people using the app or website, “No technical migration is required,” Polymarket’s migration guide says, beyond accepting approval prompts. The guide adds that positions already held under the old framework will not be converted. Developers and market makers get the four-week canary period, with weekly office hours, to integrate. Polymarket also released Data API V2, a Rust service running on its in-house onchain indexer.
The rebuild follows Polymarket’s April overhaul, when it swapped the bridged USDC.e it had used on Polygon for pUSD, its own collateral token redeemable 1:1 for Circle’s USDC.
“It’s been a labor of love for the team, and it’s the base we’ll be building on for a long time,” Alex wrote.
Related Listen: CME vs. Kalshi. Is Washington Picking a Winner in Prediction Markets?
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
PANews reported on October 6 that Rajath Alex, head of the Polymarket protocol, announced on X that Polymarket has launched Polymarket Protocol V2, a next-generation prediction market smart contract system that rebuilds the underlying architecture of the existing protocol. According to the official statement, the existing system was built on Gnosis's Conditional Tokens Framework from 2019, and as market types and features have continued to grow, components such as adapters and additional contracts have had to be layered on, causing system complexity to keep rising.
Protocol V2 will adopt a modular architecture, uniformly using ERC-1155 position tokens, pUSD collateral, and exchanges and routers corresponding to each market type, while supporting market types such as Binary, Atomic Neg-risk, Incremental Neg-risk, and Combinatorial. The new protocol also introduces OracleAggregator, which can connect to different settlement sources such as UMA and Chainlink, and provides cross-chain support for positions, collateral, and settlement results for future multi-chain expansion.
It is reported that the Protocol V2 code has been audited by firms including Cantina, Certora, Quantstamp, SigmaPrime, Zellic, and Pashov, and has passed formal verification by Certora. The official plan is to launch some test markets between October 5 and 30, and tentatively begin switching new markets to V2 on November 2. At the same time, Polymarket has also launched Data API V2 to support the new protocol and on-chain data indexing.
Smart money that bet on UNI in September appears to have taken profits, reaping $1.27 million in just one month.
According to on-chain analyst Ai Yi (@ai_9684xtpa), two hours ago, address 0xf7A…147AB deposited all 654,288 UNI tokens into Coinbase, valued at approximately $5.96 million, an apparent profit-taking move. The tokens were withdrawn from a trading platform between September 3 and October 1, at an average price of around $7.16. Using the withdrawal price as the cost basis and selling at the deposit price, the estimated profit is about $1.27 million, with a return rate of roughly 27.23%.
2 minutes ago
US CFTC Seeks Public Comments on Crypto Asset Trading and Market Regulatory Framework
The U.S. Commodity Futures Trading Commission (CFTC) has released advance notices of proposed rulemaking for the Crypto Asset Trading Regulation (Regulation CTX) and Crypto Asset Market Regulation (Regulation CAM), seeking public input on establishing a comprehensive regulatory framework for retail crypto asset trading. Key focus areas of the consultation include: how to implement a unified national regulatory system to prevent abuses in crypto markets and related transactions; how to clarify compliance requirements and industry best practices for crypto assets; and how to create a dedicated subcategory of registered designated contract markets (DCMs) specifically for crypto asset trading, dubbed "crypto asset markets". CFTC Chairman Michael S. Selig stated that this action will leverage existing statutory authority to advance a federal crypto market regulatory framework, with the goal of preventing fraud like the FTX collapse rather than only pursuing accountability after the fact. The CFTC will consider subsequent rulemaking and other actions based on public feedback. Comments must be submitted in writing within 60 days of the notice’s publication in the Federal Register.
2 minutes ago
Tech stocks pushed the Nasdaq to another record high, while the 10-year U.S. Treasury yield briefly hit its highest level since 2002.
According to BIT (bit.com) market data, U.S. stocks closed on Monday: the Dow Jones Industrial Average initially rose 0.18%, the S&P 500 gained 0.67%, and the Nasdaq climbed 1.05% to hit a new high. Large tech stocks continued to underpin index performance: SpaceX jumped nearly 8%, Tesla, Nvidia, and Broadcom all rose more than 2%, Meta added 1.9%; TSMC's ADR climbed 2.75%, with its market cap briefly topping $2.5 trillion during the session to hit an all-time high. However, most semiconductor stocks fell: Intel, Qualcomm, ARM, ASML, and AMD all closed lower, and the Philadelphia Semiconductor Index rose less than 0.3%. Alongside the index gains, market breadth continued to deteriorate. Monday marked the 15th consecutive trading day where the number of U.S. stocks hitting new lows exceeded those hitting new highs. Fundstrat data shows that only around 20% of Russell 3000 constituents are trading above their 50-day moving average, while the proportion above the 200-day moving average dropped to just over 40%—the lowest level so far this year. Goldman Sachs noted that some fundamental long-short funds are reducing risk exposure, with overall net positioning at roughly the 2nd percentile of the past five years. In the bond market, yields on 10-year and 30-year U.S. Treasuries rose to 5.34% and 5.70% respectively during the session, both hitting new highs since 2002. The U.S. September ISM Services PMI fell to 54.9, but the services price index rose from 72.6 to 74.0—its highest level in four years—amplifying market concerns about persistent inflationary pressure and prolonged high interest rates.
2 minutes ago
GMGN transferred 11,999.5 ETH to the Coinbase Batch Staking address for staking 6 hours ago.
According to on-chain analyst Ai Yi (@ai_9684xtpa), GMGN transferred 11,999.5 ETH to Coinbase's Batch Staking address for staking six hours ago. Notably, a week prior, GMGN had deposited ETH worth $16.38 million into a trading platform, sparking suspicions of a sell-off.
2 minutes ago
Elon Musk's net worth returns to the $1 trillion mark after three months, surging by $65 billion in a single day.
Bloomberg Billionaires Index shows Elon Musk’s net worth rose by $65 billion on Monday, climbing to $1.04 trillion, returning him to the ranks of trillionaires after a three-month absence. The wealth gain was driven primarily by increases in the value of his stakes in SpaceX and Tesla: SpaceX’s share price has risen 13% since October, while Tesla’s has climbed 6.7%. Musk became the world’s first trillionaire in June this year, following SpaceX’s record initial public offering (IPO), but the firm’s share price fell amid overvaluation concerns, causing him to quickly lose that status. By late July, Musk’s net worth had dropped more than $600 billion from its peak. Recently, market sentiment toward both companies has improved. SpaceX’s share price has rebounded 58% from its August low, with Morgan Stanley calling it one of the lower-valuation ways to access potential growth in the space and smart industries; Tesla also reported better-than-expected third-quarter sales last week. Musk’s stakes in SpaceX and Tesla account for over 98% of his total net worth.
2 minutes ago
A Wall Street syndicate has launched a record $60 billion AI debt financing round to fund Anthropic's chip leasing.
According to a report by the Financial Times, Bank of America, Citigroup, and Morgan Stanley began on Monday to distribute portions of a $60 billion debt financing deal to other banks. The financing is intended to support Anthropic’s lease of Google chips and access to AI computing power, marking a record scale for a chip financing transaction. The three banks had previously committed to funding the deal. The financing package includes approximately $42 billion in senior secured loans backed by Broadcom, with syndication distribution now underway. Leveraging Broadcom’s A-level credit rating, this portion of debt could later be sold via private placements or investment-grade bond markets. Another $18 billion in subordinated debt not backed by Broadcom will be rolled out later, with BlackRock having committed to funding roughly $9 billion of that amount. The funds will be used for Anthropic’s 2027 chip orders, with lease payments set to commence after chip delivery. As subordinated debt lenders will directly bear Anthropic’s credit risk, banks may wait until after Anthropic’s planned initial public offering (IPO) before marketing the deal to investors to provide them with more financial disclosures. The deal is seen as a key indicator of market demand for AI-related debt financing.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
US CFTC Proposes First Formal Cryptocurrency Market Rules
According to The Wall Street Journal, the U.S. Commodity Futures Trading Commission (CFTC) has proposed its first formal cryptocurrency market rules, introducing new CTX and CAM regulations to abandon its "enforcement-only" regulatory approach.
7 minutes ago
A user downloaded a fake crypto wallet from Huawei’s official app store, leading to the theft of 170,000 USDT.
Douyin user Mr. Li Yi posted a video on the social media platform, claiming that on June 10 this year, he downloaded a "fake wallet" from Huawei’s official app store, leading to exposure of his mnemonic phrase and theft of 177,473 USDT. According to his account, the hacker converted the permissions of his wallet address to a multi-signature address, then carried out a second fraud by claiming he could "pay to unlock" the funds. After the victim transferred the money, all USDT in the address was siphoned off by the hacker. Since his video exposed the app’s violations, the app’s downloads on the official store plummeted. The hacker repeatedly organized online trolls to report his video, forcing it to be taken down, and privately attempted to negotiate a "conditional video deletion" agreement. The victim said that after a private investigation, he learned the fraudulent app had set up 5 servers in Hong Kong, paid to be listed on Huawei’s official app store and boosted its ranking, leading many victims to download it as the top search result. Due to relevant bans in mainland China, legitimate wallet apps cannot be properly listed on app stores, so any app that "cannot be officially listed but is indeed present in the store" is likely a counterfeit fraudulent app.
7 minutes ago
Stablecoin Supply Surges $715.8M as Public Companies Add 3,342 BTC
Sept 28–Oct 4, 2026 #LookonchainWeeklyReport ?? Overview Stablecoin supply grew by $715.8M last week, DEX spot volume slipped and perp volume fell, while public companies added 3,342 BTC. ?? Stablecoin Market The total stablecoin market cap increased by $715.8M. ?? Spot &
7 minutes ago
Bitcoin ETFs see $164.22M inflow while Ethereum ETFs suffer $63.56M outflow
According to data from BIT (bit.com), the Nasdaq index notched a new intraday record high, approaching 27,400 points at one point.
7 minutes ago
TSMC's stock price hits a new all-time high, with its total market capitalization reaching $2.5 trillion.
According to data from BIT (bit.com), TSMC's stock price rose by more than 1.7% intraday at one point, hitting a new high, with its total market capitalization reaching $2.5 trillion.
Greenfield says it asked the Safe Ecosystem Foundation to remove Gnosis co-founder Stefan George from its board and add independent members, and that every request was rejected
Greenfield says it asked the Safe Ecosystem Foundation to remove Gnosis co-founder Stefan George from its board and add independent members, and that every request was rejected
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
LayerZero has announced it is phasing out offchain support for a number of low-activity blockchains, covering 13 networks: Aurora, Taiko, Japan Open Chain, LightLink, Viction, Animechain, XPLA, Merlin, Gnosis, Zora, Otherworld Space, XAI, and opBNB. These chains will no longer be able to use LayerZero’s DVN and Executor services. The move will also cause Stargate Hydra to discontinue support for some of these blockchains. LayerZero is reminding users to redeem Hydra assets on the affected chains, including USDC.e, wETH, and Hydra USDT. Specific affected networks and effective dates are subject to the official announcement.
PANews reported on September 26 that LayerZero has officially reminded users that, due to low activity on certain networks, it will continue to discontinue off-chain service support for the relevant chains in batches, and LayerZero DVN and Executor services will no longer cover these networks. The 13 chains affected starting September 30 are Aurora, Taiko, Japan Open Chain, LightLink, Viction, Anime, XPLA, Merlin, Gnosis, Zora, Otherworld Space, XAI, and opBNB.
As a result, Stargate Hydra will no longer support some of these networks. The official notice reminds affected users to redeem or bridge out assets such as USDC.e, WETH, and Hydra USDT from these chains as soon as possible; among them, Stargate's support for Aurora, Taiko, LightLink, and Gnosis already ended on September 23. According to a September 25 update, LayerZero's off-chain services for Gravity, Camp, Lisk, GOAT, and Metis will be discontinued on October 30, with the corresponding Stargate asset support ending on October 23. The official recommendation is to bridge assets to networks with deeper liquidity that remain supported, such as Ethereum, Arbitrum, Base, or BSC, to avoid losing access to funds.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Silicon Valley is cultivating its own talent: VC firm a16z invests $35 million to launch a "college alternative".
Beating AI News – Andreessen Horowitz (a16z) has invested $35 million to launch the Andreessen Academy, a program for young people aged 16 to 22. Ten tech companies including OpenAI, Anthropic, Google, Meta, NVIDIA, Palantir, and Stripe are its founding partners. This academy deviates significantly from traditional university models: admissions prioritize applicants’ existing achievements, and students spend up to 80% of their time on hands-on projects such as training AI models, building products, or launching startups. Each student will also receive over $50,000 worth of computing power and technical resources. Instructors are mostly from tech companies and the startup ecosystem, including figures like Sam Altman, Li Feifei, and Figma CEO Dylan Field. Students also gain direct access to learning and internships at partner companies; over 40 firms including Cognition, Databricks, Notion, and Shopify have joined as recruitment partners. a16z is also integrating startup funding into the program, with partner Erik Torenberg stating the firm will likely invest in entrepreneurs emerging from the academy. The academy unifies processes previously scattered across universities and various Silicon Valley sectors—from admissions and education to internships, recruitment, and startup funding. Its inaugural cohort will enroll around 50 students, with classes starting in fall 2027, and the first year is tuition-free. The official two-year program is set to launch in 2028, pending regulatory approval and without university accreditation for now. Future tuition is expected to align with that of top U.S. private universities.
15 minutes ago
Likely boosted by Donald Trump's mention of Super Intelligence, Solana ecosystem meme coin Super Inu surged more than 3 times in a short timeframe.
Per GMGN market data, Solana ecosystem meme coin Super Inu rallied over 300% in a short period, with its current market cap standing at $7.23 million. Issued on the Stonk platform, Super Inu draws inspiration from former US President Trump’s push to rename artificial intelligence (AI) as "Super Intelligence". It is paired with tokenized US stock Nvidia, built on the Backed Finance/xStocks framework. Trump announced in his recent UN General Assembly speech that he intends to rename AI to "Super Intelligence", and all US government documents will use the term "Super Intelligence". BlockBeats cautions users that related tokens have small market capitalizations, high price volatility, and early holders have already reaped substantial profits, so there may be considerable selling pressure in the short term. Users are advised to exercise caution when investing.
15 minutes ago
Cloudflare Automatically Provisions Temporary Test Servers for Coding Agents
Beating AI Express News: Cloudflare has launched Worker Previews. Workers can be simply understood as backend programs running on Cloudflare, used to handle APIs, logins, databases, and web requests. Now, every time a developer or Coding Agent creates a new Git branch, they can spin up an independent temporary test environment for these Workers. They can modify code and deploy it directly for testing without touching the production site. This test environment comes with its own URL, logs, and runtime status, and can also create separate resources such as Durable Objects and Containers. As a result, Agents can independently complete the full workflow: modifying code, deploying, opening web pages for testing, checking errors, and making further revisions. Cloudflare previously offered Preview URLs, but these mainly generated temporary URLs for a specific Worker version, with underlying resources still potentially linked to the production environment. Now each branch can run a separate instance, so Agents no longer have to worry about disrupting live services when testing new code.
15 minutes ago
Trump: The United States opposes any global plot to control artificial intelligence.
During his speech at the United Nations General Assembly, Trump stated that the U.S. opposes any global "plot" to control artificial intelligence. "We will encourage superintelligence, not restrict it," he said. Additionally, Trump announced plans to rename artificial intelligence to "superintelligence", with all U.S. official documents adopting the term "Super Intelligence".
15 minutes ago
After reaching 200 million daily active users, ByteDance’s AI chatbot Doubao is shifting its users from casual chatting to productive work tasks.
Beating AI Newsflash: LatePost reports that Doubao’s General Session team is downsizing. The team, which previously had around 50 members and was once Doubao’s largest internal team, is primarily responsible for dialogue strategy, evaluation, and response experience. The team is expected to shrink by roughly half post-adjustment: some employees will be reassigned to Doubao’s commercialization, Feishu, and other teams, while the rest will be laid off. The model side is also contracting. The Product Posttrain-Chat team, responsible for post-training Doubao dialogues, has seen some staff transferred to Horizon RL and Product Posttrain-Work. The latter team mainly serves office and AI agent scenarios. In August this year, Seed just established Product Posttrain-Work while renaming the original Application team to Product Posttrain-Chat. Less than two months later, the Chat team began downsizing. Doubao currently boasts over 200 million daily active users (DAU), with dialogue remaining its largest user entry point. However, in recent months, ByteDance has clearly shifted more manpower to office tools, enterprise services, and commercialization.
15 minutes ago
DeepSeek and Moonshot AI have been invited to discuss AI risks with the UN Security Council.
Beating AI News Brief: Reuters, citing insiders, reports that both DeepSeek and Moonshot AI have been invited to address the UN Security Council on AI and international security. DeepSeek is expected to deliver its briefing to the council this week, with founder Liang Wenfeng not planning to attend. Moonshot AI has also received an invitation but has yet to confirm participation. The meeting will discuss risks posed by AI to international security. OpenAI CEO Sam Altman plans to attend and speak, while Anthropic is also expected to send a senior representative. This marks the UN Security Council’s first formal discussion on AI risks in 2023. Back then, China warned AI should not become an "unbridled wild horse", while the U.S. cautioned against using AI to censor or suppress people. The current meeting comes as discussions between China and the U.S. on AI security heat up. Multiple U.S.-based AI companies have recently called for coordinated slowdowns in the development of frontier AI, while Chinese state media has criticized such proposals, arguing they could be used to limit China’s participation in global AI competition.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The companion app connects to the ERA hardware wallet to add portfolio management, swaps, and dApp access across 14 networks — while private keys never leave the device. The release follows a full independent security audit by Cure53, and lands alongside a major update to ERA Lens, ERA’s on-device scam-warning system, plus new hardware-side capabilities including Bitcoin multisig and on-device 2FA.
ERA, the maker of the air-gapped ERA hardware wallet, today announced the launch of the ERA Software Wallet, a companion mobile app for iOS and Android that turns its air-gapped hardware device into a full self-custody ecosystem. The move addresses one of the most common trade-offs in crypto self-custody: hardware wallets are secure but often clunky to use day-to-day, while software wallets are convenient but hold keys online.
ERA’s model keeps the two roles separate by design — the phone prepares transactions, the hardware device signs them, and the private keys never touch the phone at all.
“People don’t abandon self-custody because they don’t believe in it – they abandon it because it’s inconvenient,” said Alex Devyatkin, founder and CEO of ERA. “The Software Wallet doesn’t change what secures your assets. It changes how easy it is to actually use that security every day.”
What’s in the ERA Software WalletThe app gives users a single interface to manage assets across 14 networks – Bitcoin (SegWit, Taproot, and Legacy address types), Ethereum, Solana, Tron, Base, Arbitrum, Optimism, Polygon, BNB Chain, Avalanche, Gnosis, zkSync, Kaia, and Aurora – while every transaction is still confirmed and signed on the ERA hardware device via QR or NFC.
Inside the app, users can:
View portfolio balances across all supported networks, with each token clearly tagged by network
Send and receive assets, with a network guard that prevents funds from being sent to the wrong chain
Buy and sell crypto through integrated providers, with automatic KYC/country detection and side-by-side rate comparison
Swap and bridge across chains in a single flow, powered by Rango’s routing, with a full quote shown before signing
Connect to dApps via WalletConnect, with sessions still requiring hardware-signed approval
Get proactive protection: warnings on unused token approvals, a spam-token filter, alerts on pending or stuck transactions, and full transaction history
App-level security includes PIN and biometric unlock (Face ID / Touch ID / fingerprint), auto-lock when the app is backgrounded, and screen-privacy protections that hide app content from the system app switcher and block screenshots and screen recording.
Backed by an Independent Security AuditAhead of launch, ERA commissioned a full white-box security audit from Cure53, a cybersecurity firm with an established track record auditing wallets and crypto infrastructure. Cure53 was given access to source code, builds, documentation, and internal components, and tested the mobile app, API, transaction construction, and QR/BC-UR signing flows. Every finding was fixed by ERA’s team and then retested by Cure53 to confirm the fix held.
The summary and full technical reports are public:
Summary report (PDF)
Full pentest report (PDF)
The Headline Device Update: ERA Lens’s New Scam-Warning SystemThe main update on the device side is to ERA Lens, ERA’s built-in transaction-decoding layer, which translates what a transaction actually does into plain language before signing rather than showing raw hex data.
This release adds a new scam-warning display, expands coverage to more DeFi and bridging protocols (including Rango, imToken, Rabby, MetaMask Portfolio Bridge, Mayan, Squid, LayerSwap, Stargate V2, GasZip, and Magpie), and can now decode newer, harder-to-read transaction formats such as EIP-7702, ERC-7821, and Safe multicalls — flagging unlimited approvals to unfamiliar addresses automatically.
The team also added 37 real transactions drawn from known incidents – including Bybit, WazirX, Radiant, Inferno Drainer, and PREMINT – to its automated test suite, so every new firmware release is checked against these attack patterns before shipping.
Extended Protection, Built Into the AppOn the mobile side, the Software Wallet adds extended protection aimed at scams that target wallet users directly rather than the underlying blockchain. The home screen now surfaces a plain-language warning for unused token approvals, with a dedicated screen showing exactly which contract can spend how much of which token, in which network, revocable in one confirmation.
The app also guards against address poisoning — fake transaction records designed to trick users into copying a lookalike address from their own history. Between July 2 and August 1, 2026, ERA tracked 66 such fake entries across 24 poisoned addresses, spanning 8 wallets and 8 networks; if a recipient address is a near-identical copy of one of a user’s own addresses, sending is blocked outright, with no override.
Also New: Progressive Security on the Hardware DeviceAlongside the software wallet launch, ERA is rolling out further capabilities to the hardware device itself, continuing its “wallet you never outgrow” model — meaning users can move to more advanced security setups without switching devices.
Bitcoin multisig support – the ERA device can act as one cosigner in a Bitcoin multisig setup, for example holding one key in a 2-of-3 arrangement, removing any single point of failure.
On-device two-factor authentication – TOTP authentication codes can now be stored directly on the ERA hardware device, adding a second layer of digital security on the same hardware that protects private keys.
Device authenticity verification – separately from how transactions are signed, the ERA device can prove it is a genuine, unmodified unit by signing a one-time challenge with a factory-burned key, a check that takes under a minute.
About ERAERA (HWLT FZE) is a Dubai-based digital security company building the ERA Wallet ecosystem: an air-gapped hardware wallet, a companion multichain software wallet, and a built-in transaction-protection layer, ERA Lens.
Disclaimer
This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
Spark Finance is pulling the plug on its Gnosis Chain lending deployment. As of September 14, 2026, SparkLend on Gnosis will be fully deprecated, and any outstanding loans will become eligible for liquidation once a Sky governance spell executes.
For users still holding positions on the Gnosis instance, the message is simple: repay your debt before the cutoff, or face forced liquidation.
How we got here SparkLend launched on Gnosis Chain in September 2023, marking the protocol’s first expansion beyond Ethereum.
Spark began the wind-down process in early 2026, freezing new deposits and borrows on the Gnosis instance to limit further capital exposure. The protocol also raised the reserve factor to 50% across all assets on the Gnosis deployment, a move designed to accelerate the drawdown of outstanding positions by making the cost of staying in the market progressively less attractive.
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The assets affected span the full range of what was available on the Gnosis instance: WXDAI, sDAI, WETH, wstETH, EURe, USDT, USDC.e, GNO, and USDC.
The mechanics of the shutdown SparkLend operates under Sky governance as a permissionless, non-custodial money-market protocol, meaning protocol-level decisions like this one require a governance spell to execute on-chain. Once that spell goes live, the liquidation flag flips and undercollateralized or post-deadline positions become fair game for liquidators.
Existing positions technically remain active until September 14. DeFi liquidations are automated and indifferent to personal circumstances. A position that looks fine at the current collateral ratio could still become liquidatable if market conditions shift before a borrower gets around to closing it.
The practical advice from Spark is straightforward: repay loans now, withdraw collateral, and exit the Gnosis deployment entirely before the governance spell executes.
Liquidation penalties reduce the net value a borrower recovers from their collateral. Users who wait until the final days risk compounding that loss with any adverse price movement in their collateral assets.
Why Gnosis specifically The core reason for the shutdown is utilization, or more precisely the lack of it. Gnosis Chain was never able to generate the kind of lending volume that would make the deployment economically self-sustaining for Spark. Low usage translates directly to low interest revenue, which in turn means the operational overhead of maintaining a separate deployment, managing risk parameters, and monitoring positions produces a negative return on resources.
Spark has been explicit about this calculus. The Gnosis deployment contributed negligible revenue relative to its Ethereum counterpart, and the risk of maintaining exposure to a low-liquidity environment without commensurate reward was the deciding factor.
The decision also fits a pattern Spark established earlier in 2026, when the protocol took similar risk-reduction steps against certain Ethereum-based assets that were not performing at acceptable efficiency thresholds.
Spark left the door open to returning if market conditions on Gnosis improve materially.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Hyperliquid launches 2x long SNXX leveraged ETF contract
According to official announcements, Hyperliquid has launched trading for the SNXX contract, the Tradr 2X Long SNDK Daily ETF, with a maximum leverage of 10x. Data shows that the SNXX code was purchased by trade.xyz for 500 HYPE.
2 hours ago
trade.xyz Launches Event Contracts, Officially Enters the Prediction Market Space
According to official announcements, trade.xyz has launched Events, officially entering the prediction market space. Events will cover categories including sports, politics, economics, and financial markets, with plans to continuously expand its category scope and contract types. Users can deposit spot BTC, borrow USDC via portfolio margin, open positions in pre-IPO SpaceX perpetual contracts, hedge upcoming SK Hynix earnings events using the event markets, and predict the US Open champion. trade.xyz’s initial Up/Down markets, similar to binary event contracts, cover stocks, commodities, and pre-IPO assets, backed by the depth and liquidity of trade.xyz’s perpetual contracts under HIP-3. These perpetual contracts deliver continuous price discovery and serve as settlement sources, so each contract is priced based on XYZ’s liquid market prices rather than external oracles.
2 hours ago
Jensen Huang: Cybersecurity Is the Next Important Application Scenario for AI
Beating AI Flash News: NVIDIA CEO Jensen Huang stated at a Goldman Sachs conference that cybersecurity is the next key application scenario for AI. Additionally, Huang revealed that NVIDIA’s Grace Blackwell shipments rose 27% month-on-month. The company’s stake in Anthropic is growing rapidly, and he emphasized that NVIDIA’s relevant investments are not circular investments.
2 hours ago
ARK Invest: The stablecoin market is exhibiting a highly concentrated trend, with only Tether and Circle remaining among stablecoins with a market cap of over $10 billion.
ARK Invest Research Director Lorenzo Valente published a post stating that stablecoins have clear network effects. Though thousands of stablecoins exist in the market, the number of projects capable of reaching corresponding scales drops rapidly as the market capitalization threshold rises. Valente pointed out that the count of stablecoins with a market cap exceeding $1 billion has only grown from single digits since 2021 to 12 currently, marking very limited growth. The number of stablecoins with a market cap over $10 billion hit a peak of 4 in 2022, but now only Tether and Circle’s stablecoins remain. Valente believes that breaking into the $10 billion market cap tier is already extremely difficult, and the stablecoin segment above $100 billion may remain dominated by Tether and Circle for the long term. He added that only one stablecoin is likely to reach a market cap exceeding $500 billion in the next two years or more.
2 hours ago
WTI crude oil breaks above $101, surging 5.16%
According to Bitget market data, WTI crude oil has broken through $101 per barrel, rising 5.16% intraday. Brent crude oil has surpassed $107 per barrel, gaining 5.72% on the day.
2 hours ago
The probability that the U.S. will pass an AI safety bill this year has doubled to 30%.
According to Polymarket data, the probability that the U.S. will pass an artificial intelligence security bill this year has doubled to 30%, amid growing warnings from researchers about AI risks.
TLDR: Ethereum saw accelerated August activity across Layer-2 upgrades, institutional adoption and ecosystem development. BlackRock expanded tokenization on Ethereum while Gnosis and Whitechain pursued Layer-2 transitions. Privacy tools and wallet infrastructure advanced through new applications, security features and post-quantum technology. DeFi growth continued as Aave, Morpho and Uniswap reached new deposit and trading milestones. Ethereum development activity accelerated through August as builders across the ecosystem shipped new upgrades, launched fresh protocols, and expanded institutional integrations.
Layer-2 networks advanced their infrastructure, decentralized finance protocols recorded fresh deposit milestones, and privacy-focused applications gained new momentum.
The developments touched governance, tokenization, wallet security, and onchain gaming across the wider Ethereum landscape.
Institutional and Layer-2 Expansion Gain Momentum Ethereum’s Layer-2 ecosystem saw structural changes this month. GnosisDAO approved a vote to move Gnosis Chain from an independent Layer-1 network to a ZK-proven Ethereum Layer-2 rollup.
The shift introduces synchronous composability, allowing applications on Gnosis and Ethereum to interact within a single transaction.
Institutional interest in Ethereum also expanded. BlackRock introduced its Select Treasury Based Liquidity Fund with a tokenized share class deployed on Ethereum mainnet.
The asset manager additionally began tokenizing share classes tied to its $311 billion European money market fund series on the network.
Ethereum is for shipping.
Here are 35 things the Ethereum ecosystem launched, upgraded, and announced through August.
1/ GnosisDAO approved a vote to transition @gnosischain from its own L1 to a ZK-proven Ethereum L2 rollup with synchronous composability, so apps on Gnosis and…
— Ethereum (@ethereum) September 3, 2026
Arbitrum activated its ArbOS Elara upgrade, bringing more responsive transaction fees to Arbitrum One. The update also increased Stylus smart contract capacity fourfold and added new features for chains built on the Arbitrum stack.
Elsewhere, Whitechain, the network connected to the WhiteBit exchange ecosystem, announced plans to transition from an independent Layer-1 into an Ethereum Layer-2 built on the OP Stack.
Ethereum client teams also introduced the Platåberget testnet to prepare implementations ahead of the Glamsterdam network upgrade.
Privacy Tools and Wallet Infrastructure Advance Privacy-focused development remained active across the Ethereum ecosystem in August. Aztec Network launched Alpha v5, a protocol upgrade that reduced private transaction proving times. The release also brought an initial group of privacy-preserving applications onto the network.
Privacy Boost introduced a new frontend application enabling users to send private transfers directly from connected wallets.
Wallet security also advanced through new releases. MetaMask launched its Agent Wallet, an agentic tool built with spending limits, allowlists, and configurable risk profiles.
Freedom Factory opened presales for PQ1, an air-gapped hardware wallet that signs transactions using post-quantum cryptography through an Ethereum smart account.
Privacy-focused wallet Cloaked reported reaching $650,000 in deposits and $1 million in transaction volume during its first 90 days of operation.
Web3Privacy also released an updated Ethereum Privacy Ecosystem Mapping for 2026, documenting the network’s growing privacy tooling landscape.
DeFi Growth and Ecosystem Programs Continue Decentralized finance activity on Ethereum showed continued expansion during the month. Aave v4 surpassed $525 million in deposits on Ethereum mainnet.
Morpho reported crossing $880 million in total deposits on Robinhood Chain within less than two months of going live, while also reaching $5.75 billion in deposits on Base.
Uniswap processed more than $1 billion in stock token volume on Robinhood Chain, contributing to over $20 billion in total volume since the platform’s July launch.
The exchange also launched v4 Permissioned Pools, a hook standard enabling allowlisted swaps for regulated assets while keeping the base protocol permissionless.
Coinbase launched tokenized stocks on Base for non-U.S. users, backed one-to-one by a regulated custodian and held in self-custody wallets.
Base separately opened applications for its Base Batches 004 accelerator program, supporting ten early-stage teams building on the network.
Ether.fi expanded its crypto neobank offering with tokenized stocks and portfolio-backed loans facilitated through Aave.
The Ethereum Foundation also launched an autoresearch challenge focused on post-quantum security, built alongside zkSecurity and EigenLabs, placing a machine-verified security problem on a public leaderboard for open contribution.
TLDR: Term Labs confirmed a governance exploit that security firms estimate drained roughly $8.5M from its vaults. PeckShield traced 2,843 ETH worth about $6.87M and 1.68M USDC, later swapped into roughly 1.68M DAI. Term’s vault governance uses a Gnosis Safe, Zodiac Delay Module and seven-day timelock with DAO veto rights. DeFiLlama showed $10.87M in TermFinance Vault TVL before the exploit, including about $7.23M on Ethereum. Term Labs is investigating a governance exploit that security firms estimate drained about $8.5 million from Term Finance vaults on Aug. 23. The incident shifted attention from smart-contract code toward the governance controls protecting the protocol’s vaults and assets.
CertiK identified an attacker-controlled address holding about 2,843 ETH and roughly $1.6 million in DAI after the exploit. PeckShield estimated the attacker removed 2,843 ETH, worth about $6.87 million, alongside 1.68 million USDC from the affected system.
Term Labs Suffers $8.5M Governance Exploit Affecting Vaults
DeFi lending protocol @term_labs suffered a governance exploit affecting its vaults. According to PeckShieldAlert and CertiK Alert, the attack resulted in losses of about $8.5 million, with the exploiter holding… pic.twitter.com/yhAHbCN95d
— Wu Blockchain (@WuBlockchain) August 23, 2026
The USDC was later exchanged for roughly 1.68 million DAI, while the attack was initially funded with 2 ETH from Tornado Cash. Term Labs confirmed that a governance exploit affected its vaults, but it had not released a complete postmortem by Aug. 23.
Consequently, the attack sequence, affected vaults, and method used to defeat governance protections remained unconfirmed.
Term Vault Governance Controls Face Scrutiny After $8.5M Exploit The incident differs from a conventional contract failure as early security reports identify governance as the apparent route to vault assets. That distinction places Term Finance’s control structure under examination as investigators determine how the attacker reached protected funds.
Term’s documentation assigns separate manager sand governor roles, with governance actions passing through a Gnosis Safe and Zodiac Delay Module. Those actions also face a seven-day timelock before execution, creating a window for changes to be reviewed.
Vault liquidity providers are described as DAO participants with authority to veto proposals during that delay. According to the documentation, a successful veto can invalidate a queued transaction before execution, adding protection.
However, Term Labs had not confirmed whether voting influence, a permissions issue, configuration failure, or another governance path caused the breach. Without that postmortem, evidence does not establish which safeguard failed or whether the documented controls operated as designed.
Vault Design, TVL and Recovery Questions Remain Unresolved Term Finance provides non-custodial, fixed-rate, overcollateralized lending modeled on traditional repurchase agreements and matches borrowers with lenders through sealed-bid auctions. Lenders receive repo tokens representing principal and interest claims at maturity, while Strategy Vaults automate participation and liquidity management.
The vaults use Yearn V3’s ERC-4626 infrastructure alongside custom logic for auctions, portfolio limits, reserves, and maturity controls. Therefore, evidence does not establish a vulnerability in Yearn V3 or Ethereum.
Instead, scrutiny remains focused on the permissions and governance layer surrounding Term’s vault implementation. Before the exploit, DeFiLlama listed TermFinance Vaults with about $10.87 million in TVL, including $7.23 million on Ethereum.
However, that figure excludes capital deployed into Term repo tokens to prevent double-counting, making comparison with the $8.5 million estimate unreliable. Term Labs had not announced a recovery plan, reimbursement framework, or confirmed total user losses at the time of writing.
It also had not disclosed whether deposits, withdrawals, governance functions, or specific vaults had been paused after the incident. The attacker-controlled wallet remains a tracing focus, although Tornado Cash funding alone does not identify the attacker.
For depositors, the next disclosures must clarify the malicious governance transactions, affected contracts, proposal timing, and timelock activity. Those details will determine whether the incident involved governance capture, faulty permissions, or another implementation failure within Term Finance’s vault controls.
GnosisDAO has approved GIP-153, giving Gnosis Chain a governance mandate to move toward becoming a ZK-proven Ethereum rollup rather than continuing only as an independent Layer 1 network.
The proposal passed with 123,158 GNO voting in favor, according to the Snapshot vote. The plan would transition Gnosis Chain into what the proposal describes as part of an Ethereum Economic Zone, with the chain settling on Ethereum and inheriting Ethereum’s security. Gas would remain paid in xDAI, and the target genesis window is late 2026 or early 2027.
That is a meaningful direction change.
Gnosis Chain has long occupied an unusual position in the Ethereum ecosystem. It is closely aligned with Ethereum values and tooling, but it has operated as its own chain. Moving toward a ZK-proven L2 model would bring it more directly into Ethereum’s rollup roadmap.
Still, this is a governance mandate, not immediate technical deployment.
TL;DR GnosisDAO approved GIP-153 to transition Gnosis Chain toward a ZK-proven Ethereum rollup. The proposal passed with 123,158 GNO voting in favor. Gas would remain paid in xDAI, with a target genesis in late 2026 or early 2027. A Directional Vote, Not A Finished Migration The most important detail is timing.
GIP-153 gives the project a clear direction, but it does not mean the technical migration has already happened. Rollup transitions require engineering, testing, sequencer and prover design, bridge considerations, user migration planning, security review, and ecosystem coordination.
That takes time.
The proposal’s late 2026 or early 2027 genesis target gives the market a broad window, not an overnight switch. Users should not assume that Gnosis Chain has already become an Ethereum rollup simply because the vote passed.
Governance has approved the direction. Implementation comes next.
Why Ethereum Settlement Matters The appeal of settling on Ethereum is straightforward.
Ethereum remains the dominant security and settlement layer for rollups. Chains that settle to Ethereum can lean on its validator set, liquidity base, developer ecosystem, and institutional credibility. That is why many projects have chosen to become L2s rather than compete as standalone chains.
For Gnosis Chain, the move could strengthen its Ethereum alignment while preserving some of its existing user experience.
Keeping gas paid in xDAI is particularly important because it protects one of the chain’s most familiar features. Users would not suddenly need to rethink every basic transaction around ETH gas.
That balance — Ethereum security with Gnosis-specific UX — is likely the point.
Unlocking Staked GNO Adds Another Layer The proposal also unlocks approximately 350,000 staked GNO.
That matters because governance changes can have token-economic effects as well as technical ones. Unlocking staked assets may improve flexibility, change incentives, or affect how participants think about GNO’s role in the future network structure.
The market will want to understand whether the transition makes GNO more governance-centered, more economically useful, or simply part of a broader ecosystem alignment.
That question will take time to answer.
For now, the vote shows that GnosisDAO wants the chain’s next phase to sit closer to Ethereum’s rollup economy.
Rollup Consolidation Keeps Moving The broader story is that Ethereum’s scaling map continues to absorb more activity.
The L2 model has become the dominant way for Ethereum-aligned ecosystems to grow without forcing every transaction onto Ethereum mainnet. If Gnosis Chain follows through, it would add another established ecosystem to the rollup side of the market.
That could make sense strategically.
Instead of competing with Ethereum, Gnosis Chain can position itself as a specialized extension of Ethereum’s settlement layer. That may be more attractive to developers, users, and institutional partners who already trust Ethereum’s security model.
But it also means Gnosis will need to execute carefully. Rollup infrastructure is competitive, and users will judge the transition by reliability, fees, liquidity, tooling, and bridge safety.
What Comes Next The next phase is execution.
GnosisDAO has approved the direction. Now the project needs technical design, implementation milestones, test environments, ecosystem communication, and final launch planning.
The vote is important because it clarifies intent. It does not settle every detail.
For Ethereum, the approval is another sign that its rollup-centered roadmap continues to pull in aligned ecosystems. For Gnosis Chain, it marks the beginning of a new chapter: one where the chain’s future is tied more tightly to Ethereum settlement.
That could be powerful, but the hard part starts after the vote.
This article is based on GnosisDAO’s GIP-153 Snapshot vote and related governance materials.
This article was written by the News Desk and edited by Samuel Rae.
GnosisDAO approved Gnosis Chain’s transition from a standalone layer-1 network to a ZK-proven Ethereum Economic Zone (EEZ) rollup.
GIP-153 received 123,158 GNO in support, 115 against and 151 abstaining across 54 voters, Gnosis Chain said in an X post. Turnout reached 123,425 GNO, exceeding the 75,000 quorum.
Under the proposal, Gnosis Chain’s validator set would be retired and the network would settle transactions on Ethereum, making Gnosis Chain a layer-2 (L2) that relies on Ethereum’s validators for settlement.
An initial launch is targeted for late 2026 or early 2027, subject to the required EEZ technology being ready.
The update would enable Gnosis Chain-native smart contracts to call Ethereum and use the result in the same transaction, giving it access to Ethereum mainnet assets and liquidity in an environment “optimized” for consumers, a capability the proposal says is not currently available on existing L2s.
Gnosis Chain to become first production EEZ instanceThe EEZ is a framework for building Ethereum-aligned rollups, developed by Gnosis and ZisK, with funding from the Ethereum Foundation.
The initiative aims to unify Ethereum’s fragmented L2 ecosystem by enabling smart contracts across different rollups to execute synchronously without relying on bridges. It targets one of Ethereum’s main scaling trade-offs: improved throughput from dozens of L2 networks, which separate liquidity, infrastructure, and user activity across separate blockchains.
Gnosis Chain would become its first deployed instance while retaining its existing applications, balances and xDAI gas token.
Ethereum co-founder Vitalik Buterin previously raised concerns about the centralized sequencers and trusted bridging mechanisms as potential weak points in the design of some L2 networks. “The original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path,” Buterin wrote in a Feb. 3 X post.
According to data from L2Beat, 22 Ethereum rollups currently secure $27.82 billion. Including validiums, optimiums and other scaling networks, the platform tracks $34.88 billion in total value secured.
EEZ could reduce reliance on vulnerable infrastructure: Standard CharteredEEZ could reduce reliance on blockchain bridges and increase activity within the Ethereum ecosystem, according to Geoffrey Kendrick, global head of digital assets research at Standard Chartered.
“The EEZ will have the benefit of reducing the need for bridges (where hacks tend to occur) and increasing the usability of assets in EVM chains,” he wrote in a May 28 report shared with Cointelegraph.
“Both of these are likely to lead to greater activity in the Ethereum ecosystem.” Kendrick said the EEZ could create greater composability between assets, allowing smart contracts on different participating networks to interact within the same transaction.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
GnosisDAO approved Gnosis Chain’s transition from a standalone layer-1 network to a ZK-proven Ethereum Economic Zone (EEZ) rollup.
GIP-153 received 123,158 GNO in support, 115 against and 151 abstaining across 54 voters, Gnosis Chain said in an X post. Turnout reached 123,425 GNO, exceeding the 75,000 quorum.
Under the proposal, Gnosis Chain’s validator set would be retired and the network would settle transactions on Ethereum, making Gnosis Chain a layer-2 (L2) that relies on Ethereum’s validators for settlement.
An initial launch is targeted for late 2026 or early 2027, subject to the required EEZ technology being ready.
The update would enable Gnosis Chain-native smart contracts to call Ethereum and use the result in the same transaction, giving it access to Ethereum mainnet assets and liquidity in an environment “optimized” for consumers, a capability the proposal says is not currently available on existing L2s.
Gnosis Chain to become first production EEZ instanceThe EEZ is a framework for building Ethereum-aligned rollups, developed by Gnosis and ZisK, with funding from the Ethereum Foundation.
The initiative aims to unify Ethereum’s fragmented L2 ecosystem by enabling smart contracts across different rollups to execute synchronously without relying on bridges. It targets one of Ethereum’s main scaling trade-offs: improved throughput from dozens of L2 networks, which separate liquidity, infrastructure, and user activity across separate blockchains.
Gnosis Chain would become its first deployed instance while retaining its existing applications, balances and xDAI gas token.
Ethereum co-founder Vitalik Buterin previously raised concerns about the centralized sequencers and trusted bridging mechanisms as potential weak points in the design of some L2 networks. “The original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path,” Buterin wrote in a Feb. 3 X post.
According to data from L2Beat, 22 Ethereum rollups currently secure $27.82 billion. Including validiums, optimiums and other scaling networks, the platform tracks $34.88 billion in total value secured.
EEZ could reduce reliance on vulnerable infrastructure: Standard CharteredEEZ could reduce reliance on blockchain bridges and increase activity within the Ethereum ecosystem, according to Geoffrey Kendrick, global head of digital assets research at Standard Chartered.
“The EEZ will have the benefit of reducing the need for bridges (where hacks tend to occur) and increasing the usability of assets in EVM chains,” he wrote in a May 28 report shared with Cointelegraph.
“Both of these are likely to lead to greater activity in the Ethereum ecosystem.” Kendrick said the EEZ could create greater composability between assets, allowing smart contracts on different participating networks to interact within the same transaction.
Magazine: Ethereum’s EEZ could pull other blockchains into its orbit
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
GnosisDAO approved a strategic shift from standalone Layer 1 to an Ethereum-settled rollup, unlocking about 350,000 GNO and ending treasury-funded staking rewards.
Gnosis Chain is transitioning from a standalone Layer 1 to an Ethereum-settled rollup and retiring its independent validator set, according to an announcement from Gnosis Chain and a proposal published on GnosisDAO's governance forum.
For GNO stakers, the approved direction would unlock roughly 350,000 GNO when the validator set is sunset and end the treasury-funded staking subsidy. For users and developers, xDAI would remain the gas token, while addresses, balances and contract state would continue without migration to a new chain.
The proposal's main technical promise is atomic access from Gnosis to Ethereum contracts and liquidity. But that synchronous composability will be one-directional at launch, with calls from Ethereum into Gnosis and broader cross-instance composability deferred to later development.
The change would make Gnosis Chain a Gnosis-operated instance of the Ethereum Economic Zone framework. The proposal says the network would produce blocks every two seconds, prove its state every Ethereum block and settle to Ethereum Layer 1.
The vote approved a strategic direction rather than a final technical design and requested no funding. Gnosis Ltd will initially operate a centralized composer that orders transactions, builds blocks and submits them for proving and settlement.
Proof-of-Stake Chain With Large Validator SetGnosis Chain began as xDai, a stablecoin-denominated Ethereum sidechain that GnosisDAO absorbed in a November 2021 merger, and switched to proof-of-stake in December 2022 in an upgrade modeled on Ethereum's Merge, with a deposit of one GNO per validator against Ethereum's 32 ETH.
The low threshold produced one of the largest validator sets in crypto, above 100,000 at the time of the merge, but not the fee revenue to pay for it. GIP-153 says fees cover "only a small fraction of even the minimal cost of security," leaving the DAO treasury to fund the rest through GNO issuance that dilutes non-stakers by about 2.3% a year, against sub-1% on Ethereum. The chain holds about $96.4 million in total value locked, according to DefiLlama.
The validator set was already contracting before the vote. GnosisDAO's July community summary put active validators at roughly 52,000, down from about 76,000 a month earlier, with approximately 295,000 GNO staked. GnosisDAO also cut Gnosis Ltd's annual funding to $15 million from a $30 million request in GIP-154, and in May approved a one-time, pro-rata treasury redemption in GIP-151 after tokenholders spent months arguing GNO traded below the DAO's net asset value.
Validator Security Gives Way to Ethereum SettlementGIP-153 says Ethereum validators will replace Gnosis Chain's validator set as the source of settlement security. Existing bridge validators are intended to move into a new role operating the instance's proof systems.
The proposal explicitly describes becoming less decentralized as a deliberate choice. It says a misbehaving composer would be able to delay or exclude transactions, although it could not forge state or reverse finalized history. A forced-inclusion route through Ethereum is listed as an option to evaluate later, not a launch feature.
The end of staking also leaves GNO's replacement economic role unfinished. The proposal intends to connect GNO to fee revenue from network activity, but does not select a mechanism. Fee sharing and buybacks are listed as possibilities for a later GIP after prover economics can be observed in production.
Full Composability Is a Later StepGnosis Chain said the transition would deliver “synchronous composability with mainnet,” something it said no existing Layer 2 offers. GIP-153 defines the initial capability more narrowly: a contract on Gnosis could call an Ethereum contract and use the result in the same atomic transaction, with the entire operation succeeding or reverting together.
At launch, composability would only run from Gnosis to Ethereum. An intents-based bridge is intended to cover the period before bidirectional and cross-instance calls become available.
The initial version would also use an interim proving setup, likely based on trusted execution environments, before moving to real-time zero-knowledge proving. The proposal targets the first Ethereum Economic Zone block for December 2026 or January 2027, with bidirectional composability and real-time proving expected during 2027.
Gnosis [GNO] experienced massive upside momentum after breaking out of its consolidation range. The altcoin reached a monthly high of $141 before retracing slightly.
As of this writing, GNO traded around $114, up 15.2% on the daily chart. The rally was backed by a 1,725% surge in Trading Volume, which reached $15.6 million.
Source: CoinAnk In fact, Turnover jumped to a monthly high of $1.4 million, according to CoinAnk. Rising Turnover alongside price indicated stronger buying interest.
Gnosis’ Market Cap also climbed over 17% to more than $300 million. This pushed GNO into CoinMarketCap’s top 100 cryptocurrencies.
Why are retail traders buying Gnosis? Source: CryptoQuant GNO’s rally appeared mostly driven by returning retail demand. Spot Average Order Size recorded retail-sized orders in the Spot market.
Retail traders and whales had recently stepped away. However, retail orders returned on the 18th of August.
Spot Average Order Size identifies order size rather than trade direction. Even so, Spot Taker CVD showed buyer dominance during this period.
Source: CryptoQuant Together, these metrics suggested that returning retail traders were mostly accumulating GNO.
That was not all. Whale platform DeepBlueAlpha reported aggressive accumulation before the price jump.
The platform observed 178 whale wallets moving $6.4 million worth of GNO across 784 trades. Most trades occurred around $104, establishing the level as a strong demand zone before the rally.
Can retail demand sustain Gnosis’ rally? Strong demand pushed Gnosis above its short-term SMAs, while the MACD reflected growing upside momentum. At the same time, the Relative Strength Index (RSI) made a bullish crossover and rose to 67.
At this level, the RSI reflected strong market demand and substantial buyer control.
Source: TradingView Historically, strong demand has preceded major upside price moves.
Therefore, sustained retail and whale demand could help Gnosis target the immediate resistance at $126. However, the bullish outlook requires a daily close above $116, which marks the long-term Moving Average.
Failure to close above $116, alongside increased profit-taking, could send GNO back toward $104.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to monitoring by Onchain Lens, a wallet suspected to be linked to the Ethena team deposited 17 million ENA tokens to FalconX one hour ago, valued at approximately $14.09 million, likely for over-the-counter (OTC) sale. The wallet had previously received ENA from Ethena’s Gnosis Safe last year.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to OnchainLens monitoring, roughly two hours ago, a wallet transferred 289,760 LINK tokens (worth approximately $2.74 million) to its Gnosis Safe multi-signature wallet. The LINK tokens were steadily accumulated from Binance over the past month.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The "Big Short" Michael Burry's latest portfolio adjustment: increases holdings in Flutter, while selling DraftKings
Michael Burry, the real-life inspiration for "The Big Short", disclosed his latest portfolio adjustments via his Substack account today: he has sold his long position in DraftKings (DKNG) and increased his long position in Flutter (FLUT).
6 minutes ago
Some Hong Kong-listed AI stocks advanced, with MINIMAX-W surging over 15%.
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The "Big Short" Michael Burry's latest portfolio adjustment: increases holdings in Flutter, while selling DraftKings
Michael Burry, the real-life inspiration for "The Big Short", disclosed his latest portfolio adjustments via his Substack account today: he has sold his long position in DraftKings (DKNG) and increased his long position in Flutter (FLUT).
6 minutes ago
Some Hong Kong-listed AI stocks advanced, with MINIMAX-W surging over 15%.
According to Bitget market data, some Hong Kong-listed artificial intelligence stocks are advancing, with MINIMAX-W surging over 15%, Zhipu rising more than 9%, Shenghong Technology gaining over 7%, and Cambridge Technology up more than 3%. Earlier reports stated that the Shanghai Stock Exchange and Shenzhen Stock Exchange have added MINIMAX-W to their Hong Kong Stock Connect eligible securities, effective August 6.
6 minutes ago
JPMorgan Chase: Retail investor influence in tech stock trading may increase after a brutal sell-off.
According to JPMorgan's preliminary assessment of data on equity long-short hedge funds in the technology, media, and telecom (TMT) sector, tech stock trading, after the brutal July selloff, may be becoming more reliant on retail investors, with volatility set to intensify. JPMorgan strategists including Nikolaos Panigirtzoglou and others noted that data from Pivotal Path shows these hedge funds lost over 10% in July. This drawdown does not yet include the Situational Awareness fund, which was forced to sell most of its public equity portfolio last week following the sharp selloff in semiconductor and tech stocks. Panigirtzoglou believes this indicates that other equity long-short hedge funds focused on tech stocks may also have faced forced liquidations in semiconductor and memory chip stocks.
6 minutes ago
A crypto whale transferred 20,100 SPCXB tokens to Binance, incurring an unrealized loss of $720,000.
According to YuEmber monitoring, a crypto whale withdrew 20,100 SPCXB (SPCX stock token) from Binance in early July, and transferred all of the tokens, valued at approximately $2.3 million, back to the exchange early this morning, posting an unrealized loss of $720,000.
6 minutes ago
Four new addresses have built positions totaling 1,540 BTC, worth approximately $99.4 million.
According to Lookonchain's monitoring, four newly created wallets received a total of 1,540 Bitcoin (worth approximately $99.4 million) from Galaxy Digital and BitGo platforms over the past three hours.
6 minutes ago
Google's AI division undergoes power restructuring, four veteran executives depart en masse, its stock closes down over 4%.
Google DeepMind CEO Demis Hassabis announced early this morning that he is stepping down from day-to-day management roles, transitioning to DeepMind Chairman and taking on the role of Alphabet Chief Scientist. He will continue to oversee long-term AI research and lead drug discovery firm Isomorphic Labs. Gemini’s development and delivery will be fully handled by former DeepMind Chief Technology Officer Koray Kavukcuoglu, who will report directly to Alphabet CEO Sundar Pichai. On the same day, legendary engineer Jeff Dean announced his departure from Google, taking with him Sanjay Ghemawat, Oriol Vinyals and Quoc Le to co-found a company named Discovery Loop. The team aims to leverage AI to automate the full scientific research workflow: from question formulation, experiment design, execution to result evaluation. Google participated in the company’s seed round investment, will act as its cloud provider, and provide first-year computing power support. For this top research team that has decided to launch their own venture, Google chose not to force retention, instead maintaining capital, cloud service and research collaboration partnerships. According to market data from BIT (bit.com), the market reacted swiftly to the news. Alphabet’s stock price dropped more than 5% intraday, closing down 4.03% at the regular session close. It rose 0.57% in after-hours trading, trading at $364.49.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Crypto exchange Luno is reportedly cutting about 20% of its global workforce as it restructures operations and shifts more resources toward institutional clients, financial infrastructure and business-to-business services.
According to a Bloomberg report on Tuesday, Luno CEO James Lanigan said the company had invested in automation and broader operational improvements that changed the resources needed to run the business. Luno will also trim costs in line with market conditions while investing in compliance, core infrastructure and retail products.
Luno has previously made larger workforce reductions. In January 2023, the exchange cut 35% of its staff, nearly 330 employees, as turbulence across the technology and crypto sectors weighed on its growth and revenue.
Founded in South Africa and owned by Digital Currency Group, Luno serves about 16 million users across Africa and the Asia-Pacific region. The company has expanded beyond retail trading into infrastructure and institutional services, including providing crypto infrastructure for banks and fintech firms.
Luno’s rationale for the layoffs reflects a wider industry trend, with several crypto companies citing AI, automation and operational efficiency when cutting staff.
Crypto layoffs spread across industryJobs tracker CryptoJobsList recorded layoffs or restructurings at 12 crypto and crypto-adjacent companies . CryptoJobsList has tracked more than 7,254 disclosed job cuts across 47 companies in 2026, with market conditions cited most often as the reason.
The data serves as a broad industry indicator rather than a definitive crypto-only total, as it includes adjacent financial technology companies and is heavily skewed by Block’s 4,000-person reduction in February.
Layoffs by month. Source: CryptoJobsList
Earlier in July, crypto wallet company Exodus announced plans to cut 25% of its staff while reorganizing around a full-stack card-issuance and stablecoin-payments platform. Exodus said the move could produce between $10 million and $13 million in annual operating savings.
On Tuesday, blockchain infrastructure developer Gnosis invited companies hiring across engineering, product, design, marketing, developer relations and customer relations to contact it for introductions to former employees affected by a recent restructuring. The company said on July 17 that it had reduced its workforce following a review of its consumer-facing Gnosis App.
Magazine: Ethereum risks losing No. 2 spot as stablecoins gain ground
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
