Track market-moving stories before they get noisy

Stargate Finance is pulling the plug on four blockchains. Support for Gravity, Camp, GOAT and Metis through Stargate v2 will end on October 23, 2026.

If you have liquidity parked in Stargate pools on any of those networks, the calendar is now your most important DeFi tool. Users are being urged to withdraw or bridge their assets before the cutoff to avoid losing access to their funds.

What is changing and when
The affected chains are Gravity Alpha Mainnet, Camp, GOAT Network and Metis Andromeda. All four are being cut because of low activity.

The move tracks a broader LayerZero Labs initiative. The company is winding down the off-chain infrastructure services it runs on chains that show minimal usage.

There are actually two deadlines here, and they hit different groups. The first, October 23, 2026, applies to Stargate v2 users and liquidity providers on the four chains.

The second lands a week later. LayerZero’s default DVN and Executor services for those same chains will stop on October 30, 2026.

A cross-chain message needs someone to confirm it is legitimate and someone to actually deliver it on the other side. DVNs and Executors are the off-chain services LayerZero has been running to handle those jobs by default. When LayerZero stops supplying its default versions, apps on these chains have to arrange their own.

Developers building on the impacted networks have until October 30 to move to new DVN and Executor configurations, where those are available.

Anyone holding canonical assets through the established, official bridges is unaffected. The official bridges between Ethereum and Metis remain operational, so users who came in that way can sit tight.

Part of a bigger cleanup
This is not the first round of cuts. Stargate and LayerZero have already deprecated support for other networks earlier in 2026, with Aurora, Gnosis and Taiko among the chains named in prior wind-downs.

And the biggest cut is still ahead. All Stargate v1 pools are scheduled to shut down across every chain on December 15, 2026.

What this means for users, LPs and builders
For liquidity providers, the practical message is simple: act early. Waiting until the final days before October 23 means competing with every other LP heading for the exit at the same time.

Metis users have a cushion that the others may not, since the official Ethereum-Metis bridges keep running. For Gravity, Camp and GOAT, the practical impact depends on what alternative routes remain available to their users once Stargate exits.

Developers face the trickiest homework. Any application on these chains that leans on LayerZero’s default DVN and Executor setup needs a new configuration by October 30. If no replacement exists for a given chain, cross-chain features built on that stack could simply stop working.

For anyone touching LayerZero-based protocols, the dates worth circling are clear. October 23 for Stargate v2 on Gravity, Camp, GOAT and Metis. October 30 for default DVN and Executor services on those chains. December 15 for the shutdown of every Stargate v1 pool.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

Metis TechBio Co., Ltd. :

METIS TECHBIO ENTERED STRATEGIC COLLABORATION WITH LILLY
COLLABORATION TO ADVANCE NEXT-GENERATION TISSUE-SPECIFIC LNP DELIVERY TECHNOLOGIES
ELIGIBLE FOR UPFRONT PAYMENT AND UP TO $1.10 BLN IN MILESTONE PAYMENTS
ELIGIBLE FOR SINGLE-DIGIT TIERED ROYALTIES ON ANNUAL NET SALES

Adds details throughout

Oct 19 (Reuters) - Hong Kong-listed Metis TechBio 7666.HK said on Monday it has entered into a collaboration agreement with Eli Lilly LLY.N worth up to $1.1 billion to research and develop tissue-specific drug delivery technologies.

The Chinese biotech will use its proprietary AI-driven drug-delivery platform to develop next-generation technologies aimed at improving how LNP-based drugs reach target tissues.

Metis will be eligible to receive an upfront payment in the low double-digit millions US dollars and up to about $1.1 billion in development, regulatory and commercial milestone payments.

It will also be eligible for tiered royalties at a single-digit percentage of annual net sales of products that are developed due to the collaboration.

The Chinese biotech will use its proprietary AI-driven ionizable lipid discovery and optimisation platform to develop delivery technologies aimed at improving the targeting and biodistribution of LNP-based therapies.

Metis and Lilly aim to discover and optimise novel LNP architectures that could improve tissue specificity and therapeutic performance, with potential applications across multiple disease areas.

(Reporting by Nikita Maria Jino and Kumar Tanishk in Bengaluru; Editing by Joyjeet Das)

By Colin Kellaher

Metis TechBio has formed a collaboration with Eli Lilly that is potentially worth more than $1 billion to the Hong Kong-listed biotech.

Metis on Monday said the companies will work with to discover novel lipid nanoparticle-based delivery solutions designed to enable tissue-specific delivery of therapeutic modalities.

Metis said it will use its proprietary, AI-driven ionizable lipid discovery and optimization platform to develop delivery technologies with the potential to improve targeting and biodistribution of lipid nanoparticle-based delivery, while Indianapolis drugmaker Eli Lilly will contribute its expertise in drug discovery, development and commercialization.

Metis said it will receive an upfront payment in the low double-digit millions of dollars and will be eligible for up to about $1.1 billion in development, regulatory and commercial milestone payments, along with royalties on product sales.

Write to Colin Kellaher at [email protected]

SAN FRANCISCO, Oct. 13, 2026 (GLOBE NEWSWIRE) -- ETEL, the leading supplier of high-performance motion control components and complete motion platforms, is proud to introduce the METIS HP, a new full air bearing planar platform designed for the most demanding step‑and‑scan semiconductor applications, including direct laser writing and high‑resolution optical inspection systems. With this new product, ETEL further strengthens its position as a leader in high-precision motion control by delivering a solution that combines exceptional speed and stability, outstanding dynamic straightness, and projected tool‑point measurement capability.

“Building on ETEL’s long‑standing expertise in high‑precision platforms, the METIS HP provides the trajectory quality required for advanced optical processes,” said Stéphane Pellegrini, Product Manager at ETEL. “Its remarkable speed stability and dynamic straightness ensure consistent performance even at high scanning velocities. Supporting panel sizes up to 600 mm × 600 mm, the METIS HP addresses the growing need for next‑generation maskless lithography with large‑area substrates.”

At the core of the METIS HP is a multi‑degree‑of‑freedom (mDoF) HEIDENHAIN encoder, ensuring accuracy without thermal drift. This architecture enables projected tool‑point measurement. ETEL controllers can emulate a transistor-transistor logic (TTL) position signal for use as a trigger event. This innovative solution is a very compelling alternative to the classical interferometer used as an advanced trigger generator. With the METIS HP, there is no need for a mirror to be added on the carriage, no air lensing effect or air perturbation, and a lower cost.

The METIS HP delivers outstanding performance, including ±150 nm accuracy over the full XY stroke after mapping, ±150 nm dynamic straightness at speeds up to 1 m/s, and dynamic capabilities reaching accelerations up to 20 m/s². These capabilities minimize turnaround time, thereby increasing machine throughput for step-and-scan applications.

High-end inspection applications for advanced packaging require rapid and precise focal-distance adjustments. With its high-bandwidth 4-DoF module providing fine control over the Z, tip, tilt, and theta axes, METIS HP is the optimal platform for these demanding inspection tasks.

The METIS HP is now available for OEM integration. For further information, visit ETEL’s website at https://www.etel.ch/contact/. Or visit ETEL at the HEIDENHAIN Booth 1639 during SEMICON West, taking place October 13-15, 2026, in San Francisco.

About ETEL S.A

ETEL S.A., is part of HEIDENHAIN, located in Schaumburg, IL and Fremont, CA. As a leading international supplier of direct drive and motion control components and integrated systems, ETEL supports high tech industry with linear motors, torque motors, positioning stages, and motion controllers/systems. More ETEL information can be found at: Home – ETEL SA.

Company Contact:

Darin Pizzo, Sales Manager

Phone: (408) 332-3166

Email: [email protected]

Media Contact:

Sandy Fewkes, Bodewell Group

Phone: (408) 529-9685

Email: [email protected]

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f271ee5d-7f87-464d-8357-29ce22bbbb01 

HEIDENHAIN Metis HP Stage

HEIDENHAIN Metis HP Stage
Source: Heidenhain Corporation

Two changes affect Metis Andromeda this October:

• October 23, 2026: Stargate support for Metis Andromeda ends.

• October 30, 2026: LayerZero Labs' DVN (Decentralized Verifier Network) and Executor stop serving Metis Andromeda.

Most token holders don't need to do anything. Check the table below to see if you're affected.

Developers and OApp/OFT owners: the full migration steps, addresses and configuration are in the [Technical Migration Guide], also available under the Technical tab on the Metis website.

Do I need to act? If you... What to do Deadline Hold m.USDC, m.USDT, WETH or METIS on Metis Andromeda Nothing. These are issued by the Metis canonical bridge, not Stargate. None Provide liquidity to a Stargate V1 or V2 pool on Metis Unstake (if staked) and withdraw your liquidity. Oct 23, 2026 Hold METIS, HERA, QI or MTVT that you bridged to another chain through LayerZero V1 Bridge back to Metis Andromeda. See "Bridging back in" below. Oct 23, 2026 Run an OApp or OFT that sends messages to or from Metis Migrate, or get your pathways enabled on the new DVNs and Executor. Oct 30, 2026 Hold a LayerZero-bridged token issued by another project Follow that project's updates. Cross-chain transfers depend on the project completing its migration. Oct 30, 2026 What still works, and what doesn't Route Status Metis canonical bridge (Ethereum ↔ Metis Andromeda) for m.USDC, m.USDT, WETH and METIS Unchanged LayerZero V2: Metis ↔ Ethereum, Metis ↔ BNB Chain, Metis ↔ GOAT Network Supported on the new DVNs and Executor, for applications whose pathways have been enabled LayerZero V2: Metis ↔ any other chain Not covered by the new DVNs. Migrate before Oct 30 LayerZero V1 integrations (native METIS adapter, HERA, QI, MTVT) Cannot be configured on the new DVNs. Contact the Metis team Stargate V1 and V2 on Metis Andromeda Ends Oct 23, 2026 This change covers Stargate and LayerZero Labs' off-chain services. The Metis canonical bridge and other bridges are not affected.

Token holdersm.USDC, m.USDT, WETH and METIS on Metis Andromeda are issued by the Metis canonical bridge, not by Stargate or LayerZero. Minting and redemption through the Metis bridge continue as normal.

After October 23, 2026, these tokens can no longer be moved through Stargate. Stargate has never offered USDC on Metis Andromeda, and there are no Stargate Hydra assets (such as USDC.e) on Metis.

Liquidity providers: withdraw by October 23If you provide liquidity to any Stargate pool on Metis Andromeda, withdraw it before October 23, 2026.

Affected pools

• Stargate V2: USDT, ETH and METIS pools

• Stargate V1: USDT, METIS and MAI pools

Steps

1. Unstake first. If your LP tokens are staked, unstake them before withdrawing.

2. Withdraw in the Stargate app. Select Metis Andromeda and redeem your LP position.

3. Confirm. Check your wallet to confirm the underlying tokens have arrived.

4. Don't wait for the last days. Withdrawals depend on available liquidity at the time.

Stargate V1 pools close on every chain on December 15, 2026. On Metis Andromeda, cross-chain messaging stops earlier, so please withdraw V1 liquidity by October 23 as well.

Warning: Liquidity left in Stargate pools on Metis Andromeda after the deadline will become difficult or impossible to withdraw through the normal Stargate interface.

Pool and staking contract addresses are listed in the [Technical Migration Guide], Appendix A.

Bridging back inMetis Andromeda stays open in both directions. Here is how to move assets in after these changes.

Ethereum assets (USDC, USDT, ETH) → Metis Andromeda

Use the Metis canonical bridge. It issues m.USDC, m.USDT and WETH on Metis. It connects Ethereum and Metis Andromeda, so from other chains, bridge to Ethereum first. Stargate can no longer be used for this after October 23, 2026.

METIS, HERA, QI or MTVT bridged out through LayerZero V1

Bridge them back to Metis Andromeda before October 23, 2026, using the same route you used to leave. After that date these V1 routes are no longer supported. If you can't make the deadline, contact the Metis team.

Other LayerZero-bridged tokens (for example USDe, FRAX and others)

Whether you can bridge these in or out depends on whether the issuing project has enabled its pathway on the new DVNs and Executor. Supported pathways are Metis ↔ Ethereum, BNB Chain and GOAT Network. Check the project's official channels before bridging.

For developersIf your application sends LayerZero messages to or from Metis Andromeda, you have two options before October 30, 2026:

1. Keep supporting Metis Andromeda. Get your pathways enabled on the new DVNs and Executor, then update your LayerZero V2 ULN Send and Receive configuration.

2. Migrate your OFT or assets to another EVM chain that LayerZero continues to support.

 [Technical Migration Guide]‍

Key datesDate

What happens

Oct 23, 2026

Stargate support for Metis Andromeda ends. LayerZero V1 routes should be wound down by this date.

Oct 30, 2026

LayerZero Labs' DVN and Executor stop serving Metis Andromeda.

Dec 15, 2026

Stargate V1 pools close on all chains.

Need help?For pathway enablement, migration, or any Metis integration question, contact the Metis team on Telegram: https://t.me/MetisL2

Source: LayerZero Labs, Support Update [September 25, 2026].

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Aave weighs closing 6 V3 blockchain markets, offboarding 50 low-use reservesLatest NewsPublishedJul 31, 2026

DeFi risk management service LlamaRisk recommended that Aave wind down every reserve on Sonic, Scroll, zkSync, Metis, Soneium and Aptos, but action against most of those instances was already taken.

An Aave governance proposal would wind down the lending protocol’s V3 markets on six blockchains and retire dozens of low-use token listings, a cleanup covering $98.1 million in supplied assets and $15.6 million in debt.

Risk service provider LlamaRisk, working with other Aave service providers, recommended offboarding 50 low-use reserves and 21 matured Pendle principal token listings across 11 deployments. It also proposed retiring all 25 reserves on Sonic, Scroll, zkSync, Metis, Soneium and Aptos. The balances were measured on July 28.

An ARFC is a detailed proposal and precursor to an Aave Improvement Proposal; it is not, by itself, proof of a completed final onchain vote or execution.

Aptos exit follows recent launchThe proposed Aptos exit comes just 11 months after Aave launched its V3 market there, with available liquidity down 94% over six months and quarterly revenue below $1,000, according to LlamaRisk.

Every reserve on Scroll, zkSync, Metis and Soneium was already frozen, whereas Sonic and Aptos remained active and are recommended for freezing. The temp check on Aave’s multichain strategy concluded on Dec. 5, 2025, with 923,400 votes in favor and under 1% against increasing the reserve factor on underperforming instances, shutting down the instances on zkSync, Metis and Soneium, and establishing a $2 million annual revenue floor for new instance deployment.

Scroll was then added to the affected protocols through an accelerated process in April, as LlamaRisk filed a direct-to-AIP proposal to freeze every Scroll reserve and raise selected reserve factors, describing the measure as completing Scroll’s deprecation after a rapid deterioration in network liquidity and Aave market activity. Aave also published an updated risk framework on June 9, covering asset, bridge, monitoring and chain risk and criteria for winding down reserves or deployments, and this month’s announcement indicated de facto adoption of those rules by the protocol.

Aave founder comments on developmentSource: Stani Kulechov

Aave founder Stani Kulechov said in a Thursday post that this will also “reduce Aave’s economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework.”

Still, this is not a reversal of Aave’s multichain expansion strategy, rather a strategic refocusing on select protocols. “Aave will continue applying continuous risk assessment for all assets across all deployments,” Kulechov said. The comments also follow Aave launching on Avalanche earlier this month.

Magazine: The real reason DeFi projects that survived 2022 crash are shutting down now

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.

South Korea's NH Investment & Securities maintains a "Buy" rating on SK Hynix, but cuts its target price to 3.4 million Korean won.

South Korea's NH Investment & Securities maintained a "Buy" rating on SK Hynix, but cut its target price from 4.1 million won to 3.4 million won. Citing the HBM4 shipment timeline and faster-than-expected adoption of long-term agreements (LTAs), the firm took a cautious stance and slightly lowered its 2027-2028 earnings forecasts. Even so, the focus remains on the sustainable supply-demand and profit levels brought by LTA implementation, rather than industry downturn cycles. Currently, the market still has high skepticism about the effectiveness of LTAs, so more time is needed for validation. Once the LTA's effectiveness is confirmed by the market, it is expected to drive a re-rating of the company's valuation. Meanwhile, although the company's cash generation capacity has improved significantly, the lack of a clear shareholder return framework remains disappointing. If the company clarifies its capital allocation guidelines, this will serve as a key catalyst for stock price gains. Given the company's still-solid fundamentals, the recent stock pullback has been excessive. SK Hynix reported 79.3 trillion won in sales for Q2 2026, up 256.8% year-over-year (YoY) and 50.9% quarter-over-quarter (QoQ); operating profit stood at 60.5 trillion won, surging 557.2% YoY and 61.0% QoQ. The company's results slightly missed market expectations due to product mix adjustments and the initial implementation of LTAs. Looking ahead to Q3 2026, with HBM4 shipments accelerating, bit growth for DRAM and NAND is projected to rise 10.0% and 1.3% QoQ respectively, while combined average selling prices (ASPs) are expected to increase 16.5% and 7.0% QoQ. SK Hynix is forecast to post an operating profit of 76.2 trillion won in Q3 2026, up 569.6% YoY and 25.9% QoQ.

3 minutes ago

SK Hynix exited a new $120 million position, with long funding rates rising 37.5% month-over-month.

According to Hyperinsight monitoring, SKHX is currently trading at $921.3, down around 8% intraday, with a 24-hour trading volume of approximately $1.523 billion. Despite the price continuing to decline, capital has not exited; instead, the value of open interest (OI) has risen to about $571 million. Yesterday, SKHX’s OI increased from $443 million to $564 million, a daily rise of roughly $120 million, marking a 27.2% growth. After the price dropped further today, open interest continues to expand, and long position crowding has risen simultaneously. SKHX’s current funding rate is approximately +0.0431% per hour, with a 24-hour cumulative rate of around +0.3948%, a 37.5% sequential increase from the prior 24 hours, further pushing up the cost of long positions. Among whales holding over $1 million in positions, the long-short ratio stands at about 1.24:1, with long positions outpacing short positions by roughly $282 million, meaning both the number and value of positions lean toward longs. However, the closer to top addresses, the weaker the willingness to buy the dip. The overall long-short ratio of all holding addresses is around 4.02:1, but among the top 10 addresses with the largest positions, only 3 are long and 7 are short, bringing the long-short ratio down to 0.43. The top 10 addresses hold a total of about $172 million in positions, accounting for 30.5% of total OI. Currently, SKHX’s dip-buying power is mainly concentrated in long-tail funds.

3 minutes ago

Goldman Sachs: Market deleveraging is nearing its end, though risks have not yet been fully cleared, it advises proactive buying of protection.

Goldman Sachs’ trading team noted that US equities have recently experienced sharp momentum pullbacks and position liquidation, with the deleveraging process likely in its late stages, though substantive risk reduction has not yet been completed. Global total leverage remains at the 93rd percentile of the past five years, and events such as geopolitical tensions, Federal Reserve policy, and earnings season may continue to keep market volatility high. Goldman Sachs expects US stocks’ upside in August will be constrained by seasonal fund outflows, insufficient institutional risk appetite, and dealer positive Gamma positions, with the market likely to trade in a range in the short term. If the market continues to decline, systematic strategies like CTAs may ramp up selling pressure; the estimated sell size in a downside scenario over the next week is $24.9 billion, far exceeding the ~$2.3 billion buy size in an upside scenario. Corporate buybacks will serve as the most stable buying support in the near term. Currently, about 31% of S&P 500 constituents are in their buyback open windows, a proportion projected to exceed 90% by mid-August. However, as individual stock-index correlation rises, the extreme risk of synchronized market sell-offs is increasing. Goldman Sachs advises investors to proactively purchase protective positions, including going long on market correlation, buying three-month put options on the Russell 2000 ETF, and allocating short-term option protection for retail-favored stocks. Current hedging costs remain reasonable, making them suitable for hedging further market downside risks.

3 minutes ago

Coinbase to list Brent Crude and WTI Crude perpetual contracts

According to an official announcement, Coinbase will launch Brent crude oil and WTI crude oil perpetual contracts. Trading for the BRENTOIL-PERP and WTIOIL-PERP perpetual contract markets will open at or after 17:00 Beijing Time on August 3.

3 minutes ago

Citrini: If the "25-year-old AI stock guru" completes its fundraising and lifts its hedging positions, the new funds could push AI stocks to hit bottom.

Citrini stated that initial investors in 25-year-old AI stock prodigy Leopold Aschenbrenner’s AI-themed hedge fund Situational Awareness backed the fund not just for its exposure to AI, but for Aschenbrenner’s judgment on AI’s development trajectory and the fund’s strategy of concentrated long positions in high-beta AI assets. Since its launch in 2024, the fund once posted returns of around 2200%, but recently suffered a sharp pullback amid declines in related stocks. Citrini noted that such AI-devoted investors are unlikely to turn bearish on AI solely because SK Hynix’s stock halved in six weeks. Even if an investor put $100 million into the fund at its inception and lost 90% of their assets in July, their holdings would still be worth roughly $230 million, thanks to the cumulative 2200% return. Citrini expects existing investors may continue buying the dip, and Situational Awareness is likely to secure the new capital it’s seeking. After fundraising is completed, the fund may unwind some short-term hedges and allocate the new capital to what it terms “the best buying opportunity since April 2025”; market makers that sold hedging instruments may also cover their related hedge positions simultaneously. Leopold is not necessarily in trouble; instead, he could potentially push AI stocks to form a temporary bottom through fundraising, hedge unwinding, and repurchases. However, if these AI-devoted investors, who still hold large unrealized gains, refuse to add positions on dips, related stocks may continue to fall sharply.

3 minutes ago

Goldman Sachs: Asian equity hedge funds suffer their largest monthly drawdown on record amid a sharp plunge in AI concept stocks.

Goldman Sachs’ report shows that Asian-focused equity hedge funds are facing their largest single-month drawdown on record, driven by a broad sell-off in AI-related stocks that has erased most gains from earlier concentrated bets on the sector. As of July 28, the average decline for Asian-focused fundamental long-short equity hedge funds stood at 18.6% for the month. In the first half of this year, these funds became among the world’s best performers thanks to early bets on AI hardware leaders including South Korean chipmakers SK Hynix and Samsung Electronics, with some posting returns exceeding 100%. However, the market has since seen a sharp reversal. Goldman Sachs noted that since hitting a year-to-date peak return of 40% on July 22, these funds have given back 21 percentage points of their YTD gains. The crowded AI trades that fueled the funds’ sharp rally in H1 are now the “key factor driving this month’s unusually large drawdown,” Goldman Sachs pointed out. Funds with higher AI exposure suffered heavier losses. Amid extreme market volatility, hedge funds have been locking in profits and reducing risk. Goldman Sachs data shows that as of July 27, Asian hedge funds have cut their exposures for eight consecutive trading days, with the “cumulative total exposure reduction over five days” hitting a record high. (Source: Jinshi)

3 minutes ago

Coinstore Premiere Brand Conference: Connecting Global Minds to Web3 Hub – Dubai

PANews reported on December 3rd that, according to The Block, the Aave governance forum is discussing a policy adjustment proposal put forward by ACI, which suggests shutting down low-income on-chain deployments such as zkSync, Metis, and Soneium, and setting a $2 million annual revenue threshold for future deployments. ACI stated that these instances cannot cover operational costs and increase engineering burden. Currently, the "temperature check" snapshot vote has received 100% support, and if passed, it will enter the formal governance process.

Last night, news broke that the Aave community has proposed a new strategy to adjust the V3 multi-chain deployment strategy, including increasing the reserve factor for underperforming networks .

LazAI launched Open Launch on LazPad. Anyone can create and 'co-build' a memetic AI agent token that deploys directly on the Metis Andromeda network. Zero listing fees, $METIS pairing, and co-building functionality lets communities train and improve agents together.

Thiru Becomes Mr DevconnectMetis DevRel Thiru quickly became a familiar face at Devconnect when his viral arrival post surged to 29M views, and people were queueing up for selfies and interviews with him. 

Shortly after, the Ethereum Foundation confirmed that Devcon 8 will be hosted in Mumbai India. Thiru shared his side of the story on many podcasts including The Rollup.

Lazarian Army RisesAn army of Lazarians is forming. Our new Ambassador Program rewards Web3 & AI creators across 3 tiers with monthly METIS tokens from a $22.5K pool, performance bonuses, VIP perks, and Honor NFTs. The mission? Champion decentralized AI and data ownership.

CreateAICreateAI went live on the 19th November. It's an autonomous AI marketplace where each agent output mints as a DAT for verifiable ownership on Metis. 

Integrated with LazAI, GMPayer, and x402, creations are anchored, paid, and traded in a fully onchain AI-native market. You can explore CreateAI here.

The Metis Eco UnifiesMetis governance approved the Ecosystem Unification & Economic Model Evolution proposal, kicking off a new structural era for ReGenesis. The vote aligned Metis, LazAI, GOAT, and ZKM under one economic model, including optimizing DSseq mining rewards for stronger long-term sustainability.

LazAI Talks E6LazTalks #6 went live on November 13th, diving into the question of who should govern agent-to-agent payments. Speakers included Nabiha Sheikh (Lead Researcher at LazAI) Tom Ngo (CEO at Metis) Mike Massari (VP at AEON.XYZ) Anita (Building with SentientAGI) and Chuck (CFO at Polyflow)

Monthly HighlightsThe Metis Turkey community rallied for an impactful event where developments across the entire Metis stack were discussed.Lazbubu has reached over 2,700 daily users. The highest day reached 12,193 active users. AI companions are here to stay.CreateAI minted out 20,000 mints in under 3 hours on Andromeda.Elena Sinelnikova spoke with Daniel Alecio from Roundtable Network about Metis ReGenesis.LazAI introduced Open Launch, built on Metis infrastructure. Enabling permissionless AI agent token creation with organic price discovery and a unique co-build model.The Lazarian Ambassador Program went live with three tiers, monthly rewards from a $22,500 pool, and exclusive ecosystem access for content creators.The first LazAI Roundtable Eco Space with SoulTarot, LazAI Trader, and DogEX showed how AI powers their onchain products.Futurist Conference in Miami: Elena Sinelnikova spoke on  "Blockchain & AI: The Playful Future of Intelligence"Metis won 'Layer 2 Solution of the Year' at BlockLife Forum 2025 in Dubai, recognized for our decentralized, scalable, and AI-ready blockchain infrastructure. Elena Sinelnikova sat down with Genzio CEO Zack Nelson to unpack the emerging AI Internet economy in a new video discussion.Summary November brought the ecosystem to life. Open Launch went live, enabling permissionless AI agent creation on Metis Andromeda. Governance unified the stack through ReGenesis. Lazbubu reached 12,000 daily active users, proving AI companions have arrived.

Join our Telegram community to help shape what comes next. The future of AI and Web3 is being written here.

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METIS: Metis 2026 Roadmap: The Execution Engine for Ethereum's AI Frontier

Metis Blockchain’s Strategic Vision for AI Integration by 2026

New York, USA, January 22nd, 2026,

Lazbubu announces the completion of a strategic funding round led by Metis, with participation from Hotcoin Labs, Honey Capital, APUS Capital, and Becker Ventures. The round supports continued development of Lazbubu’s decentralized AI architecture and reflects institutional interest in on-chain data ownership models within the AI companion sector.

The project stated that the funds will be directed toward core product development, global user growth initiatives, ecosystem partner expansion, and further refinement of its DAT mechanism. The participation of multiple institutions provides operational support as Lazbubu continues to develop infrastructure focused on user-controlled AI interaction data.

Lazbubu is a companion AI agent developed for the Web3 environment, designed to evolve through continuous interaction with individual users. By anchoring interaction data on chain, the system records conversations, decisions, and experiential inputs as part of the AI’s long-term development process. This approach enables personalized interaction while maintaining user sovereignty over data, positioning the product as a persistent digital companion rather than a conventional centralized AI service.

Project Core Mechanism

Lazbubu is built on BNB Chain, with its core technology centered on the DAT (Data Anchoring Token) mechanism. DAT is a data-anchoring token that allows users to mint and record AI interaction data on-chain in real time—every conversation and every adventure decision generates an immutable anchor point. These anchor points directly drive Lazbubu’s evolution: starting from an initial budding state, it gradually unlocks new personality traits, exclusive skills, unique storylines, and even cross-user social interactions. It resembles a blockchain-based nurturing game, but with all growth records transparently on-chain, giving users absolute sovereignty over their data—they can view, transfer, or combine it within the ecosystem at any time.

The product experience revolves around a core closed loop of “companionship + adventure.” Users can engage in natural conversations with Lazbubu, jointly explore virtual adventure scenarios, complete task challenges, or unlock social features (such as interactions with other Lazbubu instances). Every interaction contributes to growth value, creating strong retention mechanisms. Currently, the platform supports multimodal adventure modules, including text-based narratives, branching choices, and on-chain event recording, with plans to further expand visual and voice capabilities in the future.

Lazbubu’s Four Core Advantages

1. Innovative DAT Mechanism Establishing Technical Barriers

The DAT data-anchoring token enables user-driven on-chain interactions, completely resolving issues of data centralization and privacy in traditional AI, ensuring all growth records are verifiable and permanently owned by users, while offering circulation and combination potential within the ecosystem—a key breakthrough in decentralized AI.

2. Deep Nurturing Closed Loop Creating Emotional Stickiness

Every user conversation and adventure directly shapes Lazbubu’s unique personality and storyline, forming a long-term companionship experience akin to nurturing games, significantly enhancing user retention and emotional connection—far surpassing ordinary chat tools.

3. Hard Data Validating Strong Product-Market Fit

In its Testnet debut week, the project attracted over 80,000 whitelist participants, 14,000+ DAT mints, and more than 1 million interactions; after mainnet launch, daily interactions stabilized at 30,000–50,000, with cumulative adventures exceeding millions—these metrics fully demonstrate early PMF achievement in the AI companion track.

4. High-Potential Track Positioning with Clear Expansion Roadmap

Positioned at the intersection of AI emotional companionship and Web3 data sovereignty trends, future plans include expanding adventure/social modules, cross-chain compatibility, community governance, and deep integration with external DApps to build a complete digital companion ecosystem.

Project development data strongly validates early product-market fit. Lazbubu initially launched on the LazAI Testnet, attracting over 80,000 whitelist participants in its first week, completing 14,000+ DAT mints, and generating more than 1 million interactions. It subsequently expanded smoothly to the BNB Chain mainnet. Lazbubu has successfully captured the rigid demand for AI emotional companionship and established a differentiated moat through Web3 data sovereignty.

Future Roadmap

From a market positioning perspective, Lazbubu sits at the convergence of AI companionship and the decentralized data economy. The global AI companion market is experiencing rapid growth, while Web3’s user sovereignty trend provides the project with a natural moat. The future roadmap includes:

1. Deep Upgrade of Product Experience Continuously enriching adventure scenarios and social modules, expanding multimodal capabilities (visual, voice, etc.), further strengthening the “companionship + adventure” nurturing closed loop, and enhancing user emotional stickiness and interaction depth.

2. Technical and Ecosystem Expansion: Achieving cross-chain compatibility to support greater interoperability across on-chain ecosystems; deeply integrating with external DApps to generate synergistic value between DAT data anchors and a broader range of decentralized applications.

3. Community Governance and Long-term Sustainability Launching community governance mechanisms, gradually transferring partial decision-making authority to users and holders, and ultimately building a complete, user-led digital companion ecosystem.

These three directions mutually reinforce one another, with the overarching goal of evolving Lazbubu from a single companion AI into a mature digital companion infrastructure in the Web3 era.

Conclusion

With its DAT mechanism, documented usage data, and backing from multiple institutional participants, Lazbubu continues to develop within the Web3 and AI integration space. The project’s technical framework and reported market activity have drawn interest from industry observers, and its ongoing development remains under observation within the decentralized companion agent segment.

About Lazbubu

Built on the BNB Chain, Lazbubu leverages an innovative DAT (Data Anchoring Token) mechanism to enable verifiable, user-driven AI interactions in Web3.

Preface: The Agent Economy Is Not a Trend - It’s Happening NowThe Agent Economy is not an upcoming trend - it has already begun. It is not a proof-of-concept, nor an experiment confined to tech circles. It is a structural transformation in progress, reshaping how organizations operate, how value is created, and how coordination occurs across the internet.

AI is breaking through networks designed for “human-scale” interaction. The cost of coordination, generation, and transactions is being compressed to near zero, and the boundary between human and machine behavior is rapidly disappearing. The key question is no longer whether AI exists. As a16z points out, the challenge is that the internet was never designed to differentiate between humans and machines while maintaining privacy and usability. In this context, the Agent Economy is not a future narrative - it is the structure of reality.

From Tool to Agent: A Productivity LeapFor a long time, AI was regarded as a tool. It answered questions, generated content, and assisted with analysis—but it remained a system to be called upon. That phase has ended. The recent surge in popularity of OpenClaw and ClawdBot highlights a critical trend: AI agents have undergone a qualitative upgrade. Notably, OpenClaw enables agents to directly “capture” and persist user data in personalized memory, allowing each agent to retain interaction history in its long-term memory. This approach breaks the traditional data silos of the internet, giving users real ownership of their information and experiences. Such memory not only enhances the agent’s intelligence and continuity but also lays the foundation for trust and collaboration in a decentralized ecosystem.

The new generation of AI agents is no longer just a model behind an interface. They now possess behavioral capabilities:

They can autonomously execute multi-step tasks.They maintain persistent, long-term memory.They can combine, expand, and evolve their own skills.
McKinsey’s latest research shows that agentic AI, capable of reasoning, planning, and tool use, is key to achieving an AGI-level productivity leap. This assessment is already in practice: out of McKinsey’s 60,000 global employees, roughly 25,000 AI agents are collaborating with over 40,000 human employees.

The message is clear: agents are becoming productive units, not experimental novelties. Evolution is happening faster than we imagine. Remaining passive now risks being left behind in the next wave of competition.

EVE: A Real-World, “Cultivated” Agent CaseIn response to this reality, the Metis ecosystem has proactively positioned itself within the Agent Economy. Built on the Metis Agent framework, GOAT Network’s “super employee” EVE has been live since February 2. The team has invested over 100 hours interacting with her, sharing organizational knowledge and resources to build collective memory and continuously optimize outputs. EVE can intelligently analyze feedback, assist with decision-making, and collaborate with humans on future tasks.

EVE is not a proof-of-concept. She is a real-world example of this trend in action. Her development is not based solely on algorithmic fine-tuning but grows through deep interaction and knowledge sharing with the team.

The name EVE symbolizes “origin” and “creation.” She represents GOAT Network’s first AI employee and embodies our first practical experiment in a human-agent collaboration paradigm and the transition toward an AI-native organization.

Core capabilities of EVE:

Knowledge Sharing: Accesses team knowledge bases and understands business context to respond rapidly to new challenges.Collective Memory: Continuously accumulates work habits and best practices through interaction with the team, enhancing adaptability.Self-Evolution: Uses feedback mechanisms to refine outputs and provide high-quality decision support.
EVE’s success is not only as a “super employee” but also in helping Metis redefine its customer base—from purely human to a hybrid ecosystem including agents. This transition demonstrates how agent adoption profoundly reshapes workflows and interactions, emphasizing the urgency of building a trustworthy, scalable agent ecosystem.

The Trust Challenge Behind Scale: Why the Agent Economy Needs BlockchainEVE’s introduction does more than add a tool—it fundamentally changes team collaboration and decision-making processes. Her success highlights a crucial insight: agents do not replace humans; they augment human capability.

Human roles are evolving: In the Agent Economy, humans transition from “doers” to “coaches, trainers, and decision-makers.” No longer required to manage every detail, humans can focus on strategy, innovation, and high-value decisions. This shift improves efficiency and allows humans to concentrate on work requiring creativity and judgment.

Yet, as agents like EVE scale, a sharp tension arises: scalability becomes cheap, but trust becomes harder.

When AI can mass-produce voices, faces, and social personas, traditional identity systems fail. This is the fundamental driver behind Metis’ deep investment in the Agent Economy. As a16z emphasizes, blockchain restores the missing layer of trust and provides three key infrastructures for the agent economy:

Verifiable Identity (DID):Provides Agents with a portable, universal “passport” in the form of a feedback-enabled NFT compliant with the ERC-8004 standard. This identity not only describes the Agent’s traits and capabilities but also incorporates verifiable interaction and feedback mechanisms, allowing the Agent’s behavior, performance, and history to be continuously recorded on-chain as reputation. This reduces the risk of identity forgery in large-scale Agent collaboration and lays the foundation for trusted cooperation and economic incentives.Micro-Payment Architecture: Supports machine-scale micropayments and automatic settlement, enabling economic interactions between agents.Privacy Boundaries: Uses technologies like zero-knowledge proofs to verify agent permissions while safeguarding data privacy.Debot: A Decentralized AI Agent Framework for the Agent EconomyBased on a deep understanding of the Agent Economy trend, Metis, in collaboration with GOAT Network and LazAI, has launched Debot - a decentralized AI agent framework. The name is currently still an internal code name, but it is derived from “Decentralized Bot,” reflecting our vision: to enable each Agent to grow into an independent super-individual and autonomously establish social consensus.

Debot’s Core Advantages：

Debot vs Mainstream Agent Frameworks:

Feature Debot Mainstream Frameworks Codebase ~10.8k lines 50k–200k+ lines Core Language Rust (Safe & Fast) Pure Python Cost-Saving Routing Built-in, 71% savings None / Additional Integration Deployment Speed 2 minutes Typically more setup Instant Messaging Telegram + WhatsApp built-in Usually requires plugins Long-Term Memory Built-in semantic search Requires external vector DB Local Model Support Native vLLM Partial support This is not just engineering optimization - it reflects a deep understanding of user needs in the Agent Economy era. Debot’s design philosophy stems from a core insight: AI can forge content, but cryptography makes large-scale imitation of unique human identity costly. By restoring scarcity at the identity layer, blockchain raises the marginal cost for impersonators without adding friction for legitimate human behavior. This is why we built Debot on a decentralized infrastructure - not for hype, but because it is the only way to make an agent ecosystem trustworthy and scalable.

Open Source & Ecosystem: Beyond a Single ProductDebot’s significance extends far beyond a product. We chose to open-source it because we believe in the power of ecosystem collaboration.

Benefits of open source:

Attract External Collaboration: Community participation drives innovative applications and diverse implementations.Accelerate Technical Iteration: Open ecosystems quickly identify issues, optimize features, and advance breakthroughs.Build Scalable Agent Ecosystems: Debot is intended as foundational infrastructure for the Agent Economy, supporting more applications and services.
The strategic collaboration between Metis, LazAI, and GOAT Network demonstrates the power of ecosystem synergy:

Metis provides a decentralized Layer 2 infrastructure, offering agents high-performance, low-cost on-chain execution.LazAI contributes deep expertise in AI agents, ensuring intelligent framework capabilities and training efficiency.GOAT Network provides real-world use cases and user validation, accelerating practical agent deployment.
This is not just a technical combination; it is a strategic ecosystem initiative. Controlling internet identity equates to controlling participation. In the traditional internet, platforms can revoke access, levy fees, or monitor users. Decentralization flips this dynamic: users control their own identities, making them safer and more censorship-resistant. This is why we chose to build an open-source, decentralized agent framework rather than a closed proprietary system. In the Agent Economy, identity, privacy, and payment trustworthiness will determine everything.

The Agent era has arrived, and the internet is being re-“humanized.”This is not a proof-of-concept - it is a transformative organizational and market shift. We recognize the enormous potential of agents and the limitations of the traditional “human + software” model.

Through EVE, we have demonstrated the feasibility of agents as “super employees” - capable not only of executing tasks but also of thinking proactively, making suggestions, and continuously evolving. Through Debot’s open source release, we provide tools and platforms for developers and enterprises worldwide to participate in the Agent Economy.

Business interactions are evolving: EVE’s presence is not merely about efficiency. She is subtly changing the language and structure of business interactions. Institutional knowledge moats are growing, and code execution is depreciating, as execution can be outsourced to agents. The real challenge is: do you know what to do, and can you convert experience into transferable, reusable processes and principles?

The rise of the “one-person company”: With digital colleagues like EVE handling research, writing, coordination, and partial decision support, a single person can lead an “AI team.” Organizational scale will be determined by cognitive density and process assets, not merely headcount.

The internet is becoming “non-human”: The future internet will be saturated with AI agents. Many services will no longer be primarily human-focused but agent-focused. As agent-to-agent interactions become mainstream, collaboration, privacy, payment, reputation, and compliance will all be redefined.

The Agent Economy has begun, and the window of opportunity is opening. Future organizations will no longer be composed solely of humans. As more EVEs emerge across enterprises and agent-to-agent collaboration becomes standard, the operational logic of the entire internet will be rewritten.

It’s time to act. We invite you to experience Debot and join the revolution of the intelligent agent economy. Whether you are a developer building your own AI assistant or a decision-maker deploying intelligent agents for your enterprise, Debot provides the tools and support you need.

Visit the Debot GitHub to get started or join our community to drive the Agent Economy forward with developers worldwide. Make your move before the wave of the agent economy passes. Don’t just watch - act now and help define the next-generation internet.

‍

May 12, 2026 at 11:00 PM UTC

Updated on May 13, 2026 at 9:27 AM UTC

Shares of Metis TechBio Co, a biotechnology company using artificial intelligence to deliver and formulate drugs, jumped 127% in their Hong Kong debut on Wednesday, adding to a string of first-day pops in the city.

The stock rose as high as HK$29.98 in early trading and closed at HK$23.80, compared with a price of HK$10.50 apiece in the initial public offering that raised HK$2.1 billion ($270 million), giving it a market value of $3.5 billion. Impact Therapeutics Inc, a cancer drug developer that also began trading on Wednesday, jumped 108% after raising $108 million in an IPO.

WSJ: All Things Mobile Analytic, Inc. (OTCID:ATMH) Acquires Metis Technology S.p.A., Strengthening European Enterprise Capabilities

PANews reported on May 24th that, according to The Block, court documents show that Fenwick & West, the Silicon Valley law firm that served as the lead outside legal counsel for the FTX US exchange before its collapse in 2022, has agreed to pay $54 million to settle allegations that it assisted Sam Bankman-Fried in committing fraud. This settlement is part of a second tranche of settlements with FTX, which also includes $11.75 million from auditor Prager Metis and $420,000 from former NBA player Udonis Haslem. The second tranche of FTX class-action lawsuit settlements totals approximately $66.17 million. Fenwick denies any wrongdoing and still faces a separate $525 million lawsuit in Washington, which was not resolved by the settlement.

A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

5 minutes ago

JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.

JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.

5 minutes ago

Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.

The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.

5 minutes ago

SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.

According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.

5 minutes ago

The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.

According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.

5 minutes ago

Danske Bank: Federal Reserve may raise interest rates at least twice

Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10

5 minutes ago

Battle for the Kingdom: DeFi Kingdoms’ $75K Tournament Series Launches February 26th on Metis

WhoMadeWho, Da Capo to Headline AFTER 2049, Singapore’s Biggest Pre- Formula 1 Party

Key NotesBinance plans on temporarily suspending deposits and withdrawals on some networks.Users will not be able to deposit and withdraw tokens based on Ethereum networks during this period.Trading is not affected by the suspension. Cryptocurrency exchange Binance intends to briefly halt deposits and withdrawals for select tokens on May 7, 2025, starting around 09:45 (UTC), in order to accommodate the Ethereum network upgrade and hard fork, aiming to maintain optimal user experience

Binance disclosed that it plans on temporarily suspending the deposits and withdrawals of tokens based on the following networks “Ethereum (ETH), Arbitrum (ARB), Optimism (OP), zkSync Era (ZKSYNC), Base (BASE), Manta Network (MANTA), Starknet (STRK), Polygon (POL), Metis (METIS), Scroll (SCR), Cyber (CYBER), Metal DAO (MTL), Celo (CELO) and Worldcoin (WLD)”.

This temporary suspension is intended to support the smooth execution of the Ethereum network upgrade and hard fork. According to the announcement, only deposits and withdrawals will be impacted, while trading on the affected networks will remain operational. Binance also stated that it will manage all technical aspects on behalf of its users.

The crypto exchange added that once everything is “deemed to be stable”, the deposits and withdrawals for the select tokens will begin.

Hard forks typically result in the creation of a separate blockchain that runs alongside the original one. All current nodes and miners must transition to the new chain. Hard forks are used to improve the functionality of the network, such as fixing security vulnerabilities, introducing new functionalities, upgrading the cryptocurrency’s core system, or undoing previous transactions.

Past and Future Network Upgrades The crypto exchange will also suspend the withdrawals and deposits for the Optimism and Metal DAO networks on May 9. Once the update is completed, withdrawals and deposits will begin automatically without additional announcements.

Previously, the crypto exchange has temporarily disabled deposit and withdrawal functions across various networks to facilitate upgrades and hard forks. For instance, transactions involving tokens on the THORChain (RUNE) network were paused on May 1 at 14:00 (UTC) to support a scheduled upgrade.

Similarly, on May 5, at around 06:00 (UTC), Binance suspended deposits and withdrawals for tokens on the IPTA network to accommodate its network enhancement and hard fork.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Rose is a crypto content writer with a strong background in finance and tech. She simplifies complex blockchain and cryptocurrency topics, offering insightful articles and market analysis to help readers navigate the evolving crypto landscape.

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Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

4 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

4 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

4 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

4 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

4 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

4 hours ago