Track market-moving stories before they get noisy

DATA Network is giving up its own blockchain. The project, previously known as Story Protocol, will be rebuilt to run as a native protocol on Sui, and its independent Layer 1 chain will be shut down.

The Sui Foundation is backing the move with a $30 million investment. For a project that launched as its own chain less than two years ago, that is a notable change of address.

What is actually changing The migration was revealed on October 8, 2026, by Eman Abio, identified as a co-founder of Sui, at Sui ecosystem events. The core of the plan is simple: DATA stops maintaining separate infrastructure and moves its operations onto Sui.

DATA will also integrate with Walrus Protocol, a decentralized storage layer, to handle storage and data coordination.

That product focus is AI data. DATA now concentrates on services around data provenance, licensing and auditing. Its auditing tool, called Trace, is meant to help track where data came from and whether it can be used.

The numbers behind the network give some sense of scale. DATA has logged over 250 million on-chain data registrations through applications built on it, including Kled and Numo, as of October 2026.

Kled, the flagship integration, has separately recorded over 1.5 billion user-contributed data records. The network’s design registers provenance on-chain without exposing the underlying raw datasets.

From programmable IP to AI training data DATA did not start life as an AI data company. It launched in February 2025 as an EVM-compatible Layer 1 chain, built to support programmable intellectual property and automated licensing.

Then the strategy shifted. On June 25, 2026, the project rebranded from Story Protocol to the DATA Foundation. Holders of the IP token were migrated to the new DATA token on a 1:1 basis.

The rebrand came with a pivot toward infrastructure for AI training data. According to the research findings, the change responded to rising demand from AI developers for datasets that are verifiable and gathered with consent.

What this means for Sui, Walrus and DATA The $30 million commitment reflects a broader pattern in the industry. Chains increasingly compete not just for users but for entire applications, and foundation money is one of the main tools for winning those migrations.

If DATA’s registrations and datasets flow through Walrus for storage and coordination, the migration could drive more data activity and storage demand on that protocol.

Token holders will have practical questions. The June 25, 2026, swap from IP to DATA was handled on a 1:1 basis. How the DATA token functions once the independent chain is retired is a key detail to watch as the migration proceeds.

Developers building on DATA’s current chain face their own adjustment. An EVM-compatible environment is different from Sui, which uses its own programming model. Applications like Kled and Numo will need a clear path to keep running once the old chain goes dark.

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

In pre-market trading on US stocks, the semiconductor, storage, and optical communication sectors saw mixed performance, with Micron falling more than 2%.

According to BIT (bit.com) market data, U.S. pre-market trading on Monday saw mixed performance across the semiconductor, storage, and optical communications sectors. Semiconductor stocks: Lam Research (LRCX) fell 1.04%, Applied Materials (AMAT) fell 1.08%, Arm (ARM) fell 1.48%. Storage stocks: Micron Technology (MU) fell 2.12%, Western Digital (WDC) fell 1.44%, SanDisk (SNDK) fell 1.7%, Seagate Technology (STX) fell 1.11%. Optical communications concept stocks: Applied Optoelectronics (AAOI) fell 2.11%, Coherent (COHR) fell 1.64%, Credo (CRDO) fell 1.23%, Lumentum (LITE) rose 0.07%, Nokia (NOK) rose 0.09%, Astera Labs (ALAB) fell 1.61%.

4 minutes ago

The creator of Ghostty has added an activity view to its new terminal Rex, which centrally displays agent status.

Insight Beating AI Flash News: Mitchell Hashimoto, creator of the Ghostty terminal, has added an Activity Mode (activity view) to his new Rex terminal, now available to beta testers. The feature centrally displays running or temporarily idle programs and Coding Agents in a sidebar, marking task status and other relevant details, allowing users to quickly find tasks to handle and switch directly to the corresponding terminal. It leverages the previously proposed OSC 7501 protocol, which enables programs to proactively report their status—whether working, waiting for user input, or completed. Rex also integrates other information and judgment rules to determine when to display which statuses, minimizing unnecessary notifications. Mitchell noted that his team has long disliked similar task notification panels due to excessive alerts, with some even being less user-friendly than email. Developer almonk spent weeks refining these details, aiming to build a feature his team would actually use long-term. Beta tester feedback has been positive so far, though adjustments are still ongoing.

4 minutes ago

Ontology announces its mainnet has resumed block production and returned to normal operation.

According to official sources, Ontology announced that following the conclusion of its investigation into a security incident affecting its ecosystem projects, its mainnet has resumed block production and returned to normal operation. Ontology’s core network infrastructure remains secure, with no funds lost on the network. The earlier suspension of block production was a preventive measure jointly implemented by Ontology and its consensus nodes, designed to support the investigation and mitigate potential risks.

4 minutes ago

Meta Muse’s Day 1 retention rate hits 73%, nearly 1.8 times that of ChatGPT, though it was overtaken by ChatGPT on Day 9.

Beating AI Express: Investor Deedy Das shared the latest data from market research firm Sensor Tower. Meta’s personal AI agent Muse posted a 73.3% day-one retention rate, far outpacing ChatGPT’s 41.3% by a full 32 percentage points. However, Muse’s lead was short-lived. By day seven, its retention remained above 30%, before ChatGPT gradually caught up and overtook Muse between days eight and nine. On day 14, Muse’s retention dropped to 22.5%, while ChatGPT held at 26.8%. Still, Muse outperformed peers including Threads (21.2%), Google Maps (18.5%), and Grok Bot (10.4%) in the same period. Launched on September 8, Muse hit 5 million downloads in just 22 days per Sensor Tower estimates, making it one of the fastest-growing consumer AI apps recently. Meta heavily promoted Muse across its platforms like Facebook and Instagram. The retention data tracks new mobile app installs in September 2026, covering iOS and Android. It should be noted that Muse was primarily available in the U.S. and Canada at launch, while ChatGPT has a broader market reach, so their user bases are not identical.

4 minutes ago

QCP notes that Bitcoin's support level is near $80,000, and if it breaks through $87,000, it will likely test $94,000.

QCP Capital released a note noting that one year has passed since the crypto market hit its largest single-day liquidation record on October 11 last year, and Bitcoin’s price trajectory now looks far more stable. The mass repeat selloff markets had feared never materialized, even as the U.S. government’s large Bitcoin transfers sparked market unease and reports over the weekend emerged of an implant attack on Ledger hardware. Bitcoin has repeatedly failed to break above $87,000 but remains range-bound, with support holding near $80,000. Implied volatility stays elevated, while the risk reversal indicator shows put option premiums relative to call options are lower than usual—signaling defensive market positions have shrunk, though the market is still pricing in potential price breakouts. Should Bitcoin decisively break above $87,000, focus will turn to $94,000. Historically, October has been a strong month for crypto markets, though last year was a clear exception, and option pricing suggests this seasonal trend may reemerge. This week brings several key catalysts: U.S. Consumer Price Index (CPI) data on Wednesday, Producer Price Index (PPI) on Thursday, and a speech by Fed’s Christopher Waller at the IMF-World Bank annual meetings on Friday. If he repeats the hawkish signals he delivered at the Jackson Hole symposium, it could weigh on risk assets. Currently, markets price in a ~17% chance of a Fed rate hike in October, with holding rates steady remaining the consensus, though this week’s data could test that outlook. The options market also shows clear bullish positioning: large bullish butterfly spreads expiring October 30 with strike prices of $90k, $95k, and $100k respectively are the most concentrated open interest positions among end-of-October contracts.

4 minutes ago

JPMorgan Chase raises Apple's price target from $340 to $360.

JPMorgan Chase announced it has raised its price target for Apple (AAPL.O) from $340 to $360.

4 minutes ago

October 12th, 2026 – Palo Alto, United States

Trace, the onchain registry for rights-cleared AI training data with more than 250 million verifiable receipts, brings its training data to Sui and Walrus to power the next generation of AI models.

Sui Foundation and The DATA Foundation today announced that the DATA Network and its Trace registry are joining the Sui stack, bringing a live supply of rights-cleared AI training data onto the infrastructure Sui has built for AI workloads. Walrus, the data platform with integrity proofs anchored on Sui, becomes the default storage layer for applications operated by DATA Foundation. Separately, the DATA Network will be upgraded to run as a protocol natively on Sui.

The upgrade gives AI labs a single place to source real-world training data they are allowed to use, with its provenance recorded by Trace and the original file stored and access-controlled on Walrus.

The data AI needs next

The next generation of AI models is constrained by access to real-world data. The open internet has been scraped, and the data that comes next must be sourced from people, with consent and with provenance that regulators and legal teams will accept. The EU AI Act and ongoing litigation over training data have made provenance a procurement requirement for labs.

The data those models need sits with people rather than on the open web: a nurse describing a patient’s night in her own words, a dashcam recording of a rainy commute in Jakarta, a factory technician’s hands as they diagnose a fault, or a customer call conducted in Bengali. It is personal and often regulated, and it belongs to the people who generated it.

Trace, launched by DATA Foundation in June as an onchain registry for AI training data, was built for exactly this kind of data. It records the origin of each contribution and the rights attached to it, and settles payment to the person who contributed it. It has registered more than 250 million contributions since launch and now processes over 3M receipts per day on average. Applications writing to Trace include Kled, the largest opt-in human data marketplace with over 1.5 billion records being onboarded, along with Numo and Oto, applications that already license data to frontier AI labs and robotics companies.

Why Sui and Walrus

Sui represents every asset as a programmable object, allowing datasets and their licenses to be managed onchain like tokens. Independent transactions execute in parallel and settle in under a second, making the network capable of handling millions of daily registrations. Walrus extends this capability to large files: it stores massive AI datasets efficiently and ensures data is only readable by licensed buyers. No other network offers storage, access control, and ownership tracking built natively into a single ecosystem, together with verifiable compute.

Trace now adds a flagship supply of rights-cleared data, with existing demand from the AI labs that license it today. The result of the integration will be stronger provenance guarantees and tamper evidence. Today a Trace record proves that a file was registered and when, and with Walrus, Trace will be able to hold an encrypted, immutable copy of the contributed file itself as a reference guarantee. The hash of the record can be regenerated from the data itself rather than from metadata an application supplied, and any later processing of the file can be checked against the original.

The upgrade is backed by a long-term strategic investment. Sui Foundation is investing $30 million in the DATA Network, establishing the largest institutional stake in the network, alongside the continuing holdings of PIP Labs and the DATA Foundation. Furthering the alignment, SY Lee, Chairman of Poseidon and CEO of PIP Labs, joins Sui Foundation as Strategic Advisor.

The protocol upgrade

DATA Network will be upgraded to run as a protocol natively on Sui, and its independent chain will be retired. DATA continues as the token of the DATA protocol on Sui, carried over one-to-one, with holder economics and governance rights at least equivalent to today. Locked and vesting positions carry over unchanged. In parallel, Walrus becomes the default storage layer for DATA Foundation applications.

Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs, the original contributor to Sui and Walrus, said: “The AI industry has reached the point where the open internet has been read, and the next frontier is defined by access to datasets with the consent and provenance that regulators require. Sui and Walrus were built to be the home where AI data is stored, licensed, and paid for, capable of operating at the scale these systems demand. The migration of DATA Network and Trace to our stack now brings massive volumes of high-quality, rights-cleared data that is already serving the world’s frontier AI labs.”SY Lee, Chairman of Poseidon and CEO of PIP Labs, said: “The next generation of AI will be trained on data that lives with people rather than on the open web, and that data needs consent and provenance built in, along with a way to pay the people it comes from, and Trace was built to be that layer. It now becomes part of the Sui stack alongside Walrus, backed by one of the strongest engineering organizations in the industry and with Sui Foundation as the network’s largest strategic holder. This is the right home for the network we built, and I am looking forward to helping Sui make it the data layer for AI.”Andrea Muttoni, CEO of DATA Foundation, said: “Training data is critical for continuously expanding the frontier, and making sure it is traceable, auditable and cleared to use is just as important for AI safety as it is a precursor for data quality. With Trace, we have been tracking hundreds of millions of data assets. Joining forces with Sui now allows us to build out more of the stack, offering more than just an audit trail, like encrypted reference file storage and potentially fully verifiable TEEs for evals and fine tunings in the future.”

The existing DATA Network will continue to operate until the upgrade is complete, and a detailed timeline and holder transition plan will be published prior to the upgrade.

About DATA Foundation

DATA Foundation supports the DATA Network, the protocol for tracking provenance of the real-world data AI models need. Through Trace, each contribution is registered with its provenance receipt and a full audit trail. Applications building on the network include Kled, Numo, Oto, and others. Formerly Story Foundation, the organization refocused on AI training data in June 2026. The DATA Network is being upgraded to run as a protocol on Sui.

About Sui

Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for onchain finance and agentic infrastructure. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and verifiable. Sui’s primitives offer everything necessary to create high-performance finance and AI-native applications. Learn more at sui.io.

About Walrus

Walrus is the data platform built for the demands of AI. It lets builders, enterprises, and AI agents move data across apps and models, protect it with built-in access rules, and make it verifiable by anyone. As AI takes actions with consequence, the data it runs on has to be provable. Created by the cryptographers and distributed systems engineers behind Sui and Meta’s first stablecoin initiative. walrus.xyz

Media contacts

DATA Foundation: [email protected] 

Sui Foundation: [email protected] 

Contact Head of Communications
HV
DATA Foundation
[email protected]

 

Palo Alto, United States, October 12th, 2026, Chainwire

Trace, the onchain registry for rights-cleared AI training data with more than 250 million verifiable receipts, brings its training data to Sui and Walrus to power the next generation of AI models.

Sui Foundation and The DATA Foundation today announced that the DATA Network and its Trace registry are joining the Sui stack, bringing a live supply of rights-cleared AI training data onto the infrastructure Sui has built for AI workloads. Walrus, the data platform with integrity proofs anchored on Sui, becomes the default storage layer for applications operated by DATA Foundation. Separately, the DATA Network will be upgraded to run as a protocol natively on Sui.

The upgrade gives AI labs a single place to source real-world training data they are allowed to use, with its provenance recorded by Trace and the original file stored and access-controlled on Walrus.

The data AI needs next

The next generation of AI models is constrained by access to real-world data. The open internet has been scraped, and the data that comes next must be sourced from people, with consent and with provenance that regulators and legal teams will accept. The EU AI Act and ongoing litigation over training data have made provenance a procurement requirement for labs.

The data those models need sits with people rather than on the open web: a nurse describing a patient’s night in her own words, a dashcam recording of a rainy commute in Jakarta, a factory technician’s hands as they diagnose a fault, or a customer call conducted in Bengali. It is personal and often regulated, and it belongs to the people who generated it.

Trace, launched by DATA Foundation in June as an onchain registry for AI training data, was built for exactly this kind of data. It records the origin of each contribution and the rights attached to it, and settles payment to the person who contributed it. It has registered more than 250 million contributions since launch and now processes over 3M receipts per day on average. Applications writing to Trace include Kled, the largest opt-in human data marketplace with over 1.5 billion records being onboarded, along with Numo and Oto, applications that already license data to frontier AI labs and robotics companies.

Why Sui and Walrus

Sui represents every asset as a programmable object, allowing datasets and their licenses to be managed onchain like tokens. Independent transactions execute in parallel and settle in under a second, making the network capable of handling millions of daily registrations. Walrus extends this capability to large files: it stores massive AI datasets efficiently and ensures data is only readable by licensed buyers. No other network offers storage, access control, and ownership tracking built natively into a single ecosystem, together with verifiable compute.

Trace now adds a flagship supply of rights-cleared data, with existing demand from the AI labs that license it today. The result of the integration will be stronger provenance guarantees and tamper evidence. Today a Trace record proves that a file was registered and when, and with Walrus, Trace will be able to hold an encrypted, immutable copy of the contributed file itself as a reference guarantee. The hash of the record can be regenerated from the data itself rather than from metadata an application supplied, and any later processing of the file can be checked against the original.

The upgrade is backed by a long-term strategic investment. Sui Foundation is investing $30 million in the DATA Network, establishing the largest institutional stake in the network, alongside the continuing holdings of PIP Labs and the DATA Foundation. Furthering the alignment, SY Lee, Chairman of Poseidon and CEO of PIP Labs, joins Sui Foundation as Strategic Advisor.

The protocol upgrade

DATA Network will be upgraded to run as a protocol natively on Sui, and its independent chain will be retired. $DATA continues as the token of the DATA protocol on Sui, carried over one-to-one, with holder economics and governance rights at least equivalent to today. Locked and vesting positions carry over unchanged. In parallel, Walrus becomes the default storage layer for DATA Foundation applications.

Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs, the original contributor to Sui and Walrus, said: “The AI industry has reached the point where the open internet has been read, and the next frontier is defined by access to datasets with the consent and provenance that regulators require. Sui and Walrus were built to be the home where AI data is stored, licensed, and paid for, capable of operating at the scale these systems demand. The migration of DATA Network and Trace to our stack now brings massive volumes of high-quality, rights-cleared data that is already serving the world’s frontier AI labs.”

SY Lee, Chairman of Poseidon and CEO of PIP Labs, said: “The next generation of AI will be trained on data that lives with people rather than on the open web, and that data needs consent and provenance built in, along with a way to pay the people it comes from, and Trace was built to be that layer. It now becomes part of the Sui stack alongside Walrus, backed by one of the strongest engineering organizations in the industry and with Sui Foundation as the network’s largest strategic holder. This is the right home for the network we built, and I am looking forward to helping Sui make it the data layer for AI.”

Andrea Muttoni, CEO of DATA Foundation, said: “Training data is critical for continuously expanding the frontier, and making sure it is traceable, auditable and cleared to use is just as important for AI safety as it is a precursor for data quality. With Trace, we have been tracking hundreds of millions of data assets. Joining forces with Sui now allows us to build out more of the stack, offering more than just an audit trail, like encrypted reference file storage and potentially fully verifiable TEEs for evals and fine tunings in the future.”

The existing DATA Network will continue to operate until the upgrade is complete, and a detailed timeline and holder transition plan will be published prior to the upgrade.

About DATA Foundation

DATA Foundation supports the DATA Network, the protocol for tracking provenance of the real-world data AI models need. Through Trace, each contribution is registered with its provenance receipt and a full audit trail. Applications building on the network include Kled, Numo, Oto, and others. Formerly Story Foundation, the organization refocused on AI training data in June 2026. The DATA Network is being upgraded to run as a protocol on Sui.

About Sui

Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for onchain finance and agentic infrastructure. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and verifiable. Sui’s primitives offer everything necessary to create high-performance finance and AI-native applications. Learn more at sui.io.

About Walrus

Walrus is the data platform built for the demands of AI. It lets builders, enterprises, and AI agents move data across apps and models, protect it with built-in access rules, and make it verifiable by anyone. As AI takes actions with consequence, the data it runs on has to be provable. Created by the cryptographers and distributed systems engineers behind Sui and Meta’s first stablecoin initiative. walrus.xyz

Media contacts

DATA Foundation: [email protected] 

Sui Foundation: [email protected] 

ContactHead of Communications
HV
DATA Foundation
[email protected]

Disclaimer: Press release sponsored by our commercial partners.

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Sui Foundation has announced a $30 million investment in DATA Network on October 12, becoming its largest institutional holder as the AI training data protocol prepares to move to Sui and shut down its independent blockchain.

Summary

Sui Foundation announced a $30 million investment in DATA Network, becoming its largest institutional holder. DATA Network plans to retire its standalone blockchain and migrate existing tokens to Sui one-to-one. Trace has registered more than 250 million contributions and processes over three million daily receipts. Walrus will become the default storage layer for applications operated by DATA Foundation after migration. Existing DATA token vesting schedules and governance rights will carry over under the announced plan. Sui Foundation confirmed the agreement in an official announcement with DATA Foundation, explaining that the partnership will bring DATA Network and its Trace registry onto Sui’s blockchain infrastructure. The existing DATA token will migrate at a 1:1 ratio, while Walrus will become the default storage platform for applications operated by DATA Foundation.

The two organizations said the existing network will remain operational until the transition is completed. They have not announced a migration date, but plan to publish a detailed schedule and instructions for token holders before the upgrade.

Sui Foundation’s $30M investment brings DATA Network to Sui Under the agreement, Sui Foundation will become DATA Network’s largest institutional investor, joining existing holders PIP Labs and DATA Foundation. The investment forms part of a strategic partnership designed to bring AI training data infrastructure onto Sui.

DATA Network currently operates its own blockchain, which supports applications involved in sourcing, tracking and licensing training information for artificial intelligence systems. Once the planned migration is completed, DATA Network will operate as a protocol native to Sui.

Its standalone blockchain will be retired, removing the need for DATA Foundation to maintain a separate network for the applications it supports.

According to the joint announcement, DATA tokens will transfer to Sui on a one-for-one basis. For every existing DATA token, the holder will receive one DATA token on the new network.

The foundations said token holders would retain economic benefits and governance rights at least equivalent to their current arrangements. Locked tokens and existing vesting schedules will transfer without changes under the announced plan.

However, the organizations have not disclosed the investment’s valuation, the exact number of tokens involved in Sui Foundation’s stake or the financial structure of the transaction. The announcement did not establish whether the full $30 million had already been transferred. Sui Foundation and DATA Foundation said they would publish further information about the holder transition before the migration begins.

Meanwhile, SY Lee, chairman of Poseidon and CEO of PIP Labs, will join Sui Foundation as a strategic adviser. Lee previously played a central role in the development of Story Protocol, which later became DATA Network. His advisory appointment was announced alongside the investment and technical partnership.

DATA Network plans to shut down its independent blockchain DATA Network’s planned migration follows a major change in the project’s business strategy earlier this year. In June 2026, Story Protocol rebranded as DATA Foundation and changed its focus from general intellectual property licensing to AI training data.

The transition included renaming the original IP token to DATA and introducing a dedicated network for managing data ownership, licensing and payments.

As previously reported, the project had struggled to attract some large intellectual property owners because they wanted tighter control over their content and licensing arrangements. DATA Foundation subsequently concentrated its resources on infrastructure for sourcing and verifying information used to train AI models.

In its June 25 announcement, the organization explained that the new direction would focus on giving AI developers access to licensed information while tracking how contributors were compensated.

The October agreement takes the restructuring further by moving the protocol away from an independent blockchain. DATA Foundation said its existing network would continue processing transactions until the Sui migration is complete. The organizations have not published a shutdown date for the original blockchain.

They have not specified whether exchanges, custodians or other service providers will handle the token transition automatically. No mandatory action for token holders has been announced at this stage. The migration will require further technical and operational updates, with the foundations committing to release instructions ahead of implementation.

According to the official statement, the move will preserve DATA’s existing governance arrangements and token holder economics while transferring the protocol’s operations to Sui.

Trace records 250 million AI data contributions The partnership brings DATA Foundation’s Trace registry to Sui. Trace launched in June 2026 as a blockchain-based system for recording the origins of information used in artificial intelligence training. The registry tracks the source of contributed data, the rights attached to it and the payments owed to the people who provide it.

According to DATA Foundation, Trace has registered more than 250 million contributions since launch. The organization reports that the system currently processes more than 3 million receipts per day on average. The figures were supplied by the foundation and have not been independently audited in the materials reviewed.

Applications using the registry include Kled, Numo and Oto. Kled operates a marketplace for people who choose to contribute information for AI development. The Sui announcement said Kled was onboarding more than 1.5 billion records, while Numo and Oto were supplying licensed information to AI laboratories and robotics companies. Trace creates records showing where information came from and the permissions attached to its use.

The foundation said contributors can receive payment when their data is licensed through participating applications. Through the planned upgrade, the registry will run on Sui while using Walrus for the storage of original files. Adeniyi Abiodun, co-founder and chief product officer at Mysten Labs, described the growing demand for properly licensed training information. “The AI industry has reached the point where the open internet has been read, and the next frontier is defined by access to datasets with the consent and provenance that regulators require.”

Abiodun said the partnership would bring existing data contributions and licensing activity to the Sui technology stack. His comments describe the companies’ intended application of the infrastructure, not an independently established guarantee about the quality or legal status of every dataset.

Walrus becomes the default storage platform for AI data Under the agreement, Walrus will become the default storage layer for applications operated by DATA Foundation. Walrus is a decentralized data storage protocol developed within the Sui ecosystem.

While Sui records blockchain transactions and ownership information, Walrus is designed to store large files and make them available under specified access conditions. The companies plan to connect these capabilities so that AI training datasets can be registered, stored and licensed through the same technology stack.

According to the announcement, Trace currently records information about contributed files and their associated rights. After the integration, the system is expected to support encrypted copies of original datasets stored on Walrus. DATA Foundation said the arrangement would allow authorized users to verify records against the original information while maintaining restrictions on access.

The organizations described the planned storage system as a way to improve checks on whether a dataset has been altered after registration. Andrea Muttoni, CEO of DATA Foundation, said the project was moving beyond maintaining a transaction record.

He identified encrypted file storage and potential future verification tools for AI evaluations and model training as areas the organization intends to develop. Those additional functions remain part of the foundation’s development plans. Walrus has previously attracted investments and partnerships involving AI infrastructure.

In March 2025, Walrus Foundation secured $140 million in funding led by Standard Crypto, with participation from other digital asset investors. The financing supported the development of decentralized storage infrastructure linked to Sui, as covered in the Walrus Foundation’s $140 million funding announcement.

In June 2025, decentralized cloud provider io.net integrated Walrus for encrypted AI model storage, connecting the storage network with infrastructure used for AI training and deployment.

Sui has continued developing technology intended to handle high volumes of automated activity. On October 7, the foundation reported that programmable offchain tunnels reached 40,614,180 transactions per second during a demonstration at Sui Basecamp in Singapore.

The test involved offchain channels that settle to Sui mainnet, not ordinary mainnet transactions. CertiK independently observed the demonstration, while detailed results of the test remained subject to further review.

As reported in coverage of Sui’s offchain transaction test, the demonstration involved more than 10,000 tunnels supporting payments, games and messaging activity. For DATA Network, the next operational step is the publication of its migration schedule and token holder instructions. The foundations have committed to keeping the existing blockchain operational until the upgrade is completed, with locked and vesting DATA token positions transferring under their current schedules.

DATA Network, formerly known as Story, is planning to retire its independent blockchain and move its AI training data protocol to Sui, backed by a $30 million investment from Sui Foundation.

The project’s Trace registry, which launched in June, will join the Sui ecosystem, while Walrus, a decentralized storage platform in the Sui ecosystem, will become the default storage layer for applications operated by DATA Foundation, its partners said on Monday.

Speaking to Cointelegraph, a DATA Foundation spokesperson said running a dedicated blockchain for a single use case meant carrying the costs of validators, network security and infrastructure.

“Building storage and access control at that scale ourselves would have meant rebuilding what Sui already has in Walrus and Seal,” they said.

The decision followed Story Foundation’s rebrand to DATA Foundation in June, pivoting from intellectual property licensing to building a “full stack for AI training data.” It also launched Trace to track the origin and licensing rights of training data.

As Trace grew to more than 270 million registrations in about four months, running an independent blockchain for one use case no longer made sense, the representative said.

The DATA Network will continue to operate until the upgrade is complete, and a detailed timeline and holder transition plan will be published prior to the upgrade, it said.

Asked how much Sui Foundation’s investment influenced the move, the representative said the $30 million investment was a separate part of the partnership.

DATA Network’s existing chain will continue operating until the upgrade is complete. The partners said a detailed timeline and holder transition plan would be published before the migration.

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.

DATA Network, which recently rebranded from Story Foundation, has announced plans to retire its standalone blockchain and migrate its artificial intelligence training data protocol to the Sui blockchain. This transition is supported by a $30 million investment from the Sui Foundation.

Migration to Sui and Protocol UpgradesAs part of this shift, DATA Network’s Trace registry, launched in June, will integrate with the Sui ecosystem. Trace is designed to document the origin and licensing rights of data used for training AI models. Within the Sui blockchain, Walrus, a decentralized storage platform native to Sui, will serve as the default storage layer for applications built and operated by DATA Foundation and its partners.

DATA Foundation representatives noted that maintaining a dedicated blockchain for a single use case, such as AI data tracking, imposed significant costs. The expenses include managing validators, network security, and the overall infrastructure typically required for blockchain maintenance.

Building storage and access control at that scale ourselves would have meant rebuilding what Sui already has in Walrus and Seal, according to a spokesperson from DATA Foundation.

The spokesperson emphasized that leveraging Sui’s infrastructure, particularly through Walrus, would streamline operations and eliminate redundancies. This transition comes as the Trace registry surpassed 270 million registrations within roughly four months of operation, making continued use of a custom blockchain less practical.

Sui Foundation is a pillar of the Sui blockchain ecosystem, focused on advancing decentralized applications and infrastructure. Its recent $30 million investment is intended to bolster DATA Network’s migration, although DATA Foundation described the funding as a separate aspect of the broader partnership.

Mini dictionary: Sui is a proof-of-stake Layer 1 blockchain developed by Mysten Labs. It focuses on high throughput and low latency for decentralized applications, with features such as parallel transaction execution and object-centric data storage. Walrus, within the Sui ecosystem, provides scalable, decentralized file storage suitable for applications that handle large data volumes.

Transition Timeline and Continued OperationsDATA Network’s current blockchain will remain in operation until the migration to Sui is completed. A detailed timeline and an asset holder transition plan are set to be released before the migration begins, ensuring a smooth transition for users and partners.

DATA Foundation stated that the network would continue to operate until the planned upgrade is finalized, with comprehensive migration details to be provided ahead of the switch.

The decision to move to Sui follows DATA Foundation’s recent strategic shift from intellectual property licensing to building a comprehensive technology stack for AI training data. The foundation’s partners have confirmed that both the Trace registry migration and the storage layer change to Walrus are central to optimizing operations within the fast-growing Sui ecosystem.

FeatureDATA Network (Old)DATA Network (After Migration)BlockchainIndependent (Custom)Sui blockchainStorage LayerCustom storageWalrus on SuiInvestment SupportNot specified$30 million from Sui FoundationTrace RegistryStandaloneIntegrated into SuiThe DATA Foundation, previously known as Story Protocol, now positions itself as a leader in building AI training data infrastructure, benefitting from new partnerships and support within the broader blockchain sector.

The Sui Foundation is investing $30 million in DATA Network, which tracks the source and usage rights of AI training data, and bringing the protocol to the Sui network.

Sui Foundation has formed a $30 million strategic partnership with DATA Network, which focuses on AI training data. Under the agreement, DATA Network will cease using its standalone blockchain and begin operating as a native protocol on Sui.

Existing DATA tokens will be migrated to the new network at a one-to-one ratio. For every DATA token held by users, the same amount of tokens will be created on Sui. The independent DATA Network will continue to operate until the transition is complete. The foundation announced that a detailed schedule will be shared before the upgrade.

With this investment, Sui Foundation will become one of the largest institutional token holders for the project, alongside PIP Labs and DATA Foundation. A key component of the partnership will be Walrus, a decentralized data storage platform. Applications developed by DATA Foundation are planned to use Walrus as the default storage layer.

DATA Network initially focused on general intellectual property infrastructure. In June, the project shifted its strategy to track the source, permissions, and payment processes of data used in training artificial intelligence models.

The project’s system, called Trace, records on the blockchain who provided training data and what usage rights they have. Payments to data providers can also be finalized through this infrastructure. According to the statement, Trace has recorded more than 250 million contributions since its launch and processes an average of over three million receipts per day.

The partnership aims to enable AI companies to access real-world data with explicitly defined usage permissions. However, it’s important to note that the $30 million investment doesn’t guarantee DATA Network’s success. The transition schedule, the security of the token bridge, and the seamless transfer of user assets when the standalone network shuts down will be the most critical phases of the process.

*This is not investment advice.

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DATA Network plans to retire its independent chain and run its AI training data registry on Sui, with Walrus handling files. Sui Foundation is investing $30 million in the network. A registry that its backers say already records millions of receipts daily could bring activity to Sui; how much of that translates into recurring SUI demand remains an open question.

Summary

DATA Network and its Trace registry will move to Sui while Walrus becomes the default storage layer for DATA Foundation applications. Sui Foundation says it is investing $30 million and becoming DATA Network’s largest institutional holder. The partners report more than 250 million registered contributions and over 3 million daily receipts on average, figures that precede the move and have not yet become Sui transactions. DATA tokens are due to migrate one for one, with existing locked and vesting positions preserved; the independent chain will remain live until the transition. SUI pays for computation and storage on its network, but sponsored transactions and low per transaction fees complicate any forecast based on receipt counts alone. Sui Foundation’s October 12 announcement says Trace, a rights registry for AI training data, is joining its stack. Walrus will store encrypted original files and Sui will record programmable rights and settlements. DATA Network’s own chain will eventually close. The foundation says its $30 million commitment makes it the largest institutional holder of the DATA Network, alongside PIP Labs and the DATA Foundation. The statement does not publish a completed migration date or a dollar amount of fees the business expects to pay on Sui.

SUI traded around $1.12 on CoinGecko’s October 12 page, with roughly $434 million in 24 hour reported volume in the snapshot. The token’s price can react to the partnership before the first DATA application writes a record to Sui. Treating the foundation’s $30 million investment as a $30 million purchase of SUI would be wrong: the announcement describes an investment in DATA Network, not a SUI buy order.

JUST IN: The DATA Network and Trace bring AI training data to Sui

Sui Foundation is investing $30M in the DATA Network, and DATA founder and PIP Labs CEO SY Lee is joining the foundation as a strategic advisor. At the same time
Trace has already recorded 250M+ receipts to help… pic.twitter.com/Ri4A8aF9sv

— crypto.news (@cryptodotnews) October 12, 2026 What is moving onto Sui? Trace registers a data contribution, its origin and the rights attached to it. The foundation says the system has processed more than 250 million contributions since a June launch and averages over 3 million receipts a day. Applications named in the announcement include Kled, Numo and Oto. Kled is described as an opt in human data marketplace with more than 1.5 billion records being onboarded. Those are participant supplied operational claims; the release does not contain an independently audited breakdown by customer, chain, fee or paying AI lab.

DATA Foundation says Trace settles payments to contributors when their data is licensed. A nurse’s consented account, a dashcam clip or a factory worker’s demonstration might be recorded as training material with use rights. The registry entry is not necessarily the complete source file. Its design separates a claim about who supplied data and who may use it from storage of the bytes. Sui and Walrus are meant to handle those parts after migration.

Walrus is identified as the default storage layer for applications operated by DATA Foundation. Encrypted files held there would give a reference for checking whether the data matches the recorded description and whether later processing changed it. Sui would host the protocol logic for registration, permissions and potentially settlement. The issuer has not provided a complete transaction mapping, so three million existing daily receipts should not automatically be treated as three million separate future Sui transactions.

Some records might be bundled into a smaller number of onchain writes. Some application activity could remain offchain until a proof or licensing event occurs. A single customer may generate many receipts. The final architecture will determine load, cost and the metric that counts as a billable transaction. An integration plan with contract addresses and an auditable migration ledger would permit closer measurement than today’s release.

DATA Network’s existing chain will continue until the upgrade finishes. The partners promise a detailed timeline and holder transition plan before retirement. No date for a final block, snapshot, withdrawal cutoff or Sui mainnet launch is stated in the October announcement. Readers holding DATA should not infer that a conversion can be performed today merely because the move has been announced.

DATA and SUI will serve different purposes The release says DATA remains the protocol token on Sui and migrates one for one. Holder economics and governance rights will be at least equivalent to the current design, while locked and vesting positions remain on their prior schedule  DATA Foundation’s earlier lockup explanation said its extension did not alter total token supply or legal ownership. Migration of an asset to a new chain is not the creation of new SUI ownership for DATA holders.

SUI is the native network asset used for gas, staking and storage economics. Sui’s tokenomics documentation explains that transactions adding data pay computation and storage charges in SUI. A DATA application therefore needs a way to fund network operations, but users need not personally hold SUI if the application or another sponsor pays on their behalf. Sponsored transaction documentation explicitly supports that arrangement.

A DATA contributor may receive compensation in DATA, another token or fiat depending on application terms not specified in the migration release. An AI lab may buy access through a separate commercial contract. SUI can be purchased by an operator to pay network charges while a large portion of the commercial value accrues elsewhere. Separating the payment currency, governance token and gas asset prevents a headline number of data contributions from becoming a fabricated native token revenue figure.

The storage fund adds another layer. Sui’s gas fee explanation calculates net charges as computation plus storage minus any rebate. New data may require an upfront storage payment, while deleting eligible stored data can return a portion of the earlier storage fee. Walrus’s own economics are not identical to writing all source material directly into Sui’s object storage. A volume projection needs the actual split between onchain metadata and offchain files.

If DATA Network operates recurring services on Sui, it could maintain SUI working balances for predictable gas and storage. A larger activity level could increase aggregate fees or validator work, even if individual charges are low. But SUI’s circulating supply, staking behavior and wider network traffic affect its price. The mere presence of an active app does not determine how many coins operators hold at any time.

What does the $30 million buy? Sui Foundation calls the investment strategic and says it becomes DATA Network’s largest institutional holder. The announcement does not break down cash, token purchase terms, valuation, vesting or board rights. It does not say that the foundation will spend the full sum on SUI fees or that DATA Network has committed $30 million to buy SUI. Its purpose is to support a network and align the parties over a long term migration.

Investors may still treat the commitment as a signal that Sui wants an established AI data workload. It is different from a grant that promises a precise number of transactions or a guaranteed purchase of native tokens. The economics for SUI holders depend on the applications that arrive and the fees or collateral they require. The economics for DATA holders depend on DATA’s own protocol rights and future adoption. Those incentives can align, but they cannot be combined into one token’s cash flow.

The commitment also introduces execution risk. Retiring a standalone chain means moving records, contracts, token balances, locked positions and governance without leaving valid claims behind. A one for one token swap describes the intended numerical conversion; holders still need documentation about snapshots, bridges, exchange support, custody and redress if a migration fails. An investment size does not eliminate operational mistakes.

The partnership says SY Lee, chairman of Poseidon and CEO of PIP Labs, will join Sui Foundation as a strategic adviser. Such an appointment can aid coordination, although the announcement does not identify operational authority over validators or protocol changes. Governance rights for DATA holders and decisions by Sui’s validator community remain separate processes. An adviser role should not be mistaken for automatic approval of every technical proposal.

Data rights are harder to verify than a transaction count Trace can record that a submission occurred and that a contributor attached specified rights. An onchain timestamp is strong evidence that a particular record existed at a time; it cannot establish by itself that a person had authority to license everything in a video, voice call or dataset. Consent, third party privacy, copyrighted content and withdrawal of rights can require offchain checks. Walrus’s proposed encrypted copy improves the ability to compare a file with a record, not the truth of every legal claim attached to it.

The foundation says the current system relies on application supplied metadata for a hash, whereas storing an encrypted original would allow a hash to be regenerated from the data itself. That would narrow a technical gap between a description and its source. A dataset could still be mislabeled, duplicated or acquired without valid consent. AI labs need legal review and usable provenance, not merely millions of transaction receipts.

Counting receipts can overstate distinct economic activity. One person could contribute many data points; several apps could reference one item; a crawler could register bulk records whose rights later fail verification. The useful denominators include unique contributors, licensed files, paying buyers, refunds and the proportion of rights challenges resolved. The partners report 250 million contributions and 3 million daily receipts but do not publish these additional ratios in the release.

JUST IN: Sui partners with Alibaba Cloud for AI agent payments

The partnership will enable stablecoin payments on a per-call basis, allowing AI agents to pay for services directly through the $SUI network. pic.twitter.com/atGZca46KU

— crypto.news (@cryptodotnews) October 7, 2026 Privacy is part of the implementation. Encrypted storage and access controls protect data only if key management, revocation and buyer permissions are sound. A human subject may consent to one use but object to reuse in a different model. Onchain records are persistent even when a dataset is removed from a marketplace. The published plan does not spell out how takedowns, correction of provenance or changes in consent would propagate through Sui and Walrus.

A commercially durable registry would prove that buyers pay repeatedly for usable, licensed material. High volume registrations may be the beginning of that process rather than its conclusion. DATA Foundation names applications that already license data to AI labs, but it does not disclose customer revenue, contract values or what share will settle through Sui after migration. Independent activity and paid demand deserve separate lines in any evaluation.

Can Sui handle the load at a useful cost? Sui uses programmable objects and parallel execution for independent transactions, according to the foundation’s description. A registry with frequent registrations and payments could test those properties at a steady daily cadence. Three million events in 24 hours average about 35 per second, before peaks, batching and other applications. That simple division is a workload illustration; it is not a measured post migration rate.

Actual engineering requirements depend on peak traffic, the size and complexity of each onchain entry, whether objects conflict, and how the application handles storage and fees. A service that writes many entries against one shared object may have a different bottleneck from independent transactions. A service that uploads large source files to Walrus has separate bandwidth, availability and retrieval needs. The announcement’s scale claim is a reason to test the integration, not evidence that a production deployment has already passed it.

Sui’s storage documentation explains that long lived data carries costs designed to compensate validators over time. Keeping only compact metadata onchain and a file on a specialist data platform can change those costs. A public benchmark should specify how many receipts were actually finalized, how long settlement took, how much SUI the sponsor spent and what Walrus charged to retain and retrieve files.

Liveness matters for buyers. An AI lab needs the licensed file accessible when it trains a model, even if the original app is unavailable. A cryptographic integrity proof can show the retrieved bytes match a commitment; it cannot by itself guarantee a file will always be retrievable or that a license is enforceable in every jurisdiction. The service level and commercial contract around storage matter as much as ledger throughput.

SUI price and network activity are separate tests CoinGecko placed SUI near $1.12 and its market cap near $4.63 billion in an October 12 snapshot. Historical data show an October 11 closing price around $1.13. A modest intraday reaction to today’s deal would not resolve the long term business question. Traders can buy an announcement; operational demand requires the announced migration and subsequent use.

A constructive case would involve a published migration timeline, contracts live on Sui, a stable stream of verified registrations, recurring licensed sales and visible SUI paid or held to support operations. Fees may be small relative to SUI’s liquid market, so adoption could be strategically important without driving a proportionate price move. The data should show both network traffic and economic use.

The opposing case is a slow transition or a registry that moves records but generates little paid licensing. Application sponsors might fund gas from small SUI balances, while DATA’s token absorbs most protocol specific demand. Walrus could store files efficiently without large incremental onchain charges. SUI could still rise for unrelated ecosystem or market reasons, but DATA’s contribution to that move would remain unproven.

Supply belongs in the analysis. Sui’s token schedule describes the native asset’s circulation and release structure. Future token distributions can increase available supply while application use grows. A robust assessment would compare the scale of new SUI usage and any persistent operating balances against those broader flows, rather than presenting a per receipt fee multiplied by 3 million as a price forecast.

The price at $1.12 is a dated snapshot, not a target. An editorial feature can track whether adoption changes the network’s fundamentals without pretending an agreement alone supports a precise year end quote. Public contract addresses, treasury purchases of SUI for operations and paid licensing data would make a more defensible follow up than a one day candle.

Migration will have a measurable sequence DATA Foundation must publish a holder transition plan. It will then need to identify a cutoff or snapshot, deploy and secure Sui contracts, preserve locked balances and coordinate exchange and custodian treatment. Once the new protocol is live, the independent chain can be retired according to the plan. The announcement says the old chain keeps running until the upgrade finishes, which avoids assuming an immediate shutdown.

Technical acceptance is more than a token balance matching one for one. Old rights records need to remain searchable or to have durable proofs that buyers can verify. Contributor payment obligations must not disappear between ledgers. Applications need to sign and submit transactions on the new chain, and buyers need a consistent way to confirm that the file they receive corresponds to the registered license. The parties have not yet published a checklist or audit report.

An observed lift in Sui’s transaction count after launch would be an initial signal. A lasting result would require a baseline and a method to attribute traffic to DATA rather than unrelated apps, then measure retention after any incentives stop. Sponsored operations can obscure the user who pays gas, but onchain sponsor addresses and application contract calls can still help estimate network costs. The business side requires disclosures about licenses and revenue that a public chain alone may not provide.

How to measure the move after launch The initial coverage of the agreement noted that DATA Foundation shifted from the earlier Story identity toward AI training data in June. The pivot changes the basis on which readers should assess the move. General intellectual property infrastructure can count registered rights across many markets; a training data marketplace must demonstrate that AI buyers can use a specific file on specified terms. A contribution count is an inventory measure until licenses, payments and disputes can be evaluated alongside it.

The claimed 3 million daily receipts should not be compared uncritically with Sui’s recent offchain throughput demonstration. That experiment used programmable channels and reported a peak outside normal mainnet settlement, with an independent review still pending in the initial account. A DATA registry write that must persist with a rights record and storage reference has different requirements. The useful benchmark will be settled mainnet entries and retrievable files under ordinary operating conditions.

The baseline should cover more than migration week. Sui already supports payments, tokenized assets, games and other applications whose usage changes for unrelated reasons. Record DATA contract transactions by day, distinct wallets and cost, then compare those figures with similar periods after promotional grants expire. If fees fluctuate because of a change in gas price, report units of computation and storage separately from their dollar value. A rise in dollar fees caused by SUI appreciation is not necessarily evidence of more data being licensed.

An operating partner might buy SUI periodically to cover fees and hold a working balance. That inventory demand could be measurable through public addresses if the foundation identifies them. It could also use an exchange account or a sponsor that funds multiple applications, obscuring attribution. Even then, a disclosed financial statement showing network expenses and repeat customer receipts would help establish whether use is durable. The October announcement contains no such statement.

Walrus should be evaluated on access as well as capacity. A buyer licensing a file needs reliable retrieval, a way to verify its integrity and a contract specifying what happens if the file becomes unavailable. A contributor needs a way to learn whether their data was licensed and whether payment matched the agreed terms. If the platform publishes only a receipt count while those commercial functions remain opaque, the central claim of a working data marketplace will remain hard to assess.

Other Sui initiatives can compete for capital and attention in the same period. The Hashi Bitcoin finance launch concerns a separate use of the chain, and stablecoin integrations carry different gas and settlement behavior. Aggregate SUI price or transaction growth should therefore not be credited entirely to DATA. A feature about one partnership has to follow the activity it actually brings.

What to watch Migration schedule: Look for a published snapshot, contract addresses, exchange support and the final operating date of DATA’s existing chain. Rights and files: Check whether a registry entry maps to an accessible encrypted source and how licenses or consent changes are handled. Actual workload: Compare the claimed 3 million daily receipts with Sui transactions, peak throughput, latency and Walrus storage after launch. Token roles: Measure SUI spent or held for gas and storage separately from DATA’s governance and protocol economics. Commercial use: Seek independent paying buyer counts, licensed records, repeat contracts and rights disputes instead of relying only on contribution totals. Supply and price: Check SUI’s circulating supply and market liquidity alongside adoption before linking the deal to a token price move. FAQ Has DATA Network already moved to Sui? No. The parties announced a planned upgrade and said the existing chain will continue until it is complete. They have not published a final migration date.

What happens to DATA tokens? The announcement promises a one for one transition to Sui while preserving locked and vesting positions and at least equivalent holder economics and governance rights.

Is the $30 million an investment in SUI? The foundation describes an investment in DATA Network that makes it a large institutional holder there. It did not announce a $30 million SUI purchase.

What is Trace? Trace is DATA Foundation’s registry for contributions and rights linked to AI training data. The foundation reports more than 250 million contributions and over 3 million daily receipts on average.

Why is Walrus involved? DATA Foundation plans to use Walrus as the default storage layer for applications, with encrypted source files paired with provenance records.

Do users need to buy SUI to register data? Sui operations require payment under network rules, but an application sponsor can pay the gas. The planned DATA user payment flow has not been published.

Will DATA activity increase SUI’s price? Activity may create network fees and operating balances, but the scale is unknown until migration and cannot be translated directly into a price target.

What would demonstrate lasting adoption? Sustained attributed onchain activity, access to licensed files, repeat paying AI customers and disclosed SUI operating costs would make the case more measurable.

Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Figures reflect regulatory filings and reporting available at the time of writing and change with each disclosure. Nothing here is a recommendation to buy, sell, or hold any security or asset. Always do your own research. Information is accurate as of October 12, 2026.

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StarkWare CEO’sundan Kritik Açıklama StarkWare CEO’su Eli Ben-Sasson’a göre Ethereum’un tamamen kuantum dirençli bir yapıya geçiş hedefi 2029 yılının sonuna işaret ediyor. Starknet’in bağımsız bir Layer-1 ağına dönüşmesi durumunda ise projenin Ethereum’u beklemeden gerekli güvenlik güncellemelerini gerçekleştirebileceği ve 2027 yılında tam kuantum direncine ulaşabileceği değerlendiriliyor.

StarkWare ekibi, bağımsız Layer-1 modelini Starknet açısından “ileriye dönük en açık yol” olarak nitelendirdi.

Ancak söz konusu dönüşüm henüz kesinleşmiş değil. Proje tarafından yapılan açıklamalarda, bağımsız Layer-1 modelinin şu aşamada yalnızca kamuoyu önünde değerlendirilen bir seçenek olduğu vurgulandı. Henüz resmî bir yönetişim teklifi, onaylanmış karar veya kesin geçiş takvimi bulunmuyor. Bu nedenle olası dönüşümün hayata geçirilip geçirilmeyeceği belirsizliğini koruyor. Starknet fiyatındaki sert yükselişe işlem hacminde yaşanan dikkat çekici artış eşlik etti.

Değerlendirme Starknet (STRK), yüzde 55,69’luk yükselişle 2026 yılının en yüksek seviyesine ulaşarak kripto para piyasasının en dikkat çekici altcoinlerinden biri oldu. Bağımsız Layer-1 blockchain modeline geçiş ihtimali ve kuantum güvenliğine yönelik beklentiler yükselişi desteklerken 550 milyon doları aşan işlem hacmi piyasadaki yoğun ilgiyi ortaya koydu. Ancak dönüşüm konusunda henüz kesinleşmiş bir karar bulunmaması, STRK yatırımcıları açısından belirsizlik yaratmaya devam ediyor.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Anatomy Open-Source: Turns Technical Principles Into Working Machines With Just One Sentence

Beating AI News: Developer Ryan has open-sourced an AI drawing tool called Anatomy, which currently supports Claude Code, OpenCode, and Codex. Users only need to describe the technical concept they want to explain in one sentence, and the AI will automatically design a machine that demonstrates the concept’s principle through moving parts. The generated works can also be operated via mouse or keyboard. For example, when explaining LRU cache (which prioritizes removing the least recently used data), the AI creates a bookshelf that can move books; when explaining how a mechanical watch works, it generates a mechanical device that can wind up, adjust speed, and disassemble gears. More complex works include SpaceX Starship’s Raptor rocket engine, which can be split into 11 components and simulate ignition. Currently, 33 major works are showcased on Anatomy’s official website. Anatomy first studies relevant principles and parameters, then designs parts, creates graphics, and adds animations. The movements and numerical readings in the scene are controlled by the same computational model, changing synchronously during operation. It also has built-in automated inspection tools to detect issues such as part interpenetration and occlusion errors. The final output is editable web code that can be opened independently or embedded into websites. The developer has also packaged existing works into a component library for direct use by developers. The project is open-sourced under the MIT License. However, creating detailed works takes significant time: the mechanical watch took nearly 2 hours to develop, while the Raptor rocket engine took over 10 hours. Its 3D functionality remains in the testing phase.

2 minutes ago

Kraken's parent company Payward has obtained full market approval from Dubai's VARA, and plans to enter the UAE market.

Kraken parent company and integrated financial infrastructure platform Payward announced today that it plans to officially enter the UAE market after securing full market approval from the Dubai Virtual Assets Regulatory Authority (VARA). The approval allows Payward to operate as a regulated Virtual Asset Service Provider (VASP), serving retail, professional, and institutional investors. Upon the official launch of services, Kraken users in the UAE will be able to trade spot and margin pairs priced in UAE Dirhams (AED), as well as deposit and withdraw funds directly in Dirhams. Users will also have access to on-chain staking, xStocks, and Krak for crypto asset transfers; institutional clients can utilize over-the-counter (OTC) spot trading services and Kraken Prime. Subject to regulatory approval, Payward expects to roll out additional products between late 2026 and 2027, including crypto derivatives and expanded yield opportunities. Additionally, Payward will open up its infrastructure to regional partners via embedded trading services.

2 minutes ago

PlanB: Last year, he converted his Bitcoin holdings to be held through ETFs, facing criticism but has no regrets.

Well-known crypto analyst PlanB stated in a post that he converted his held Bitcoin to holdings via ETFs in 2025, a move that drew significant criticism. Later, issues were exposed with Coldcard, and unauthorized hardware implants were subsequently found in Ledger devices. He has no regrets whatsoever about his initial decision to choose ETFs.

2 minutes ago

Morgan Stanley Delays Launch of Tokenized Stock Trading to Q1 2027

Morgan Stanley now expects to launch support for tokenized stock trading on its Alternative Trading System (ATS) in Q1 2027, pushing back its previously announced timeline of the second half of 2026. Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said in an interview: "Q1 2027 is likely more realistic, as it will align with other ongoing efforts across the broader ecosystem, but the team is actively developing the related features."

2 minutes ago

A highly leveraged BTC short position is approaching liquidation, with a size of $7.8 million.

According to TradingBeats monitoring, a whale address 0x706d…1d6f on Hyperliquid holds 94 BTC short positions, with the position valued at approximately $7.88 million. The position uses 40x full leverage, has an average entry price of around $83,517.2, and is currently facing an unrealized loss of roughly $31,000. The address previously built BTC long positions in batches, with the position size once swelling to about $6.6 million. It then continuously trimmed positions near $82,700 before converting all long positions to shorts. After switching to a short stance, the address kept adding to its short positions in the $83,300–$83,600 range, pushing the short size to its current level over the past half hour. The position’s liquidation price is approximately $84,530.5. Calculated based on the BTC mark price of $83,845.5 in the snapshot, a roughly 0.8% rise in BTC would trigger the liquidation.

2 minutes ago

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Singapore, October 12, 2026 – From October 6 to 8, the global crypto industry turned its attention to Singapore for TOKEN2049, a major international industry event. Taking advantage of the gathering, HTX pursued a multifaceted approach encompassing global industry engagement, ecosystem development, and brand awareness. HTX Ventures exhibited at TOKEN2049, where its booth welcomed a steady stream of visitors. HTX DAO hosted “Future Night” and “HTX DAO Reunion,” bringing together industry perspectives and community voices. Meanwhile, a private industry dinner provided an opportunity for invited industry participants, ecosystem contributors, and partners to connect and exchange views. 

From the public stage of a global summit to in-depth exchanges with ecosystem participants and face-to-face conversations with industry peers, HTX’s presence at TOKEN2049 reflected diverse efforts in industry networking, ecosystem development, and partnership building. Beyond providing opportunities for international industry engagement, these events reflected HTX’s ongoing efforts to strengthen industry connections and foster ecosystem collaboration. 

Taking the Global Crypto Stage: Strong Visitor Interest at the HTX Ventures Booth As a major annual event for the global crypto industry, TOKEN2049 brings together project teams, investment firms, developers, crypto exchanges, and industry builders from around the world. It serves as an important platform for tracking industry trends, forging business connections, and exploring opportunities for global collaboration.

From October 7-8, HTX Ventures, HTX’s global investment arm, exhibited at TOKEN2049 at the Sands Expo and Convention Center in Singapore, with its booth located at Level 5, PB5-47 and PB5-48.

Throughout the event, the exhibition floor remained busy, drawing a steady stream of industry participants. The HTX Ventures booth welcomed numerous visitors, offering an engaging, interactive brand experience through brand displays, on-site community activities , and branded merchandise. These activities encouraged visitors to stop by and connect with the team, bringing the HTX brand into face-to-face interactions with members of the global crypto community.

Meanwhile, Justin Sun, Advisor to HTX, attended related events and delivered a speech before visiting the HTX Ventures booth to engage with the team and other industry participants, further strengthening HTX’s connections with the global crypto industry.

For the crypto industry, the value of an international summit lies not only in raising brand awareness but also in building meaningful connections with industry participants. By combining booth displays, on-site activities, and industry engagement, HTX Ventures brought the brand closer to the global crypto community, creating more opportunities for connections across the investment ecosystem, project discussions, and potential partnerships.

From steady visitor traffic at its booth to a diverse range of on-site activities, HTX Ventures maintained a strong presence at TOKEN2049, providing HTX with another valuable opportunity to strengthen its connections across the global crypto industry.

From Industry Trends to Ecosystem Development: HTX DAO Advances Community Co-Building While the TOKEN2049 booth served as HTX’s brand showcase to the global crypto industry, the series of events hosted by HTX DAO took these conversations further, exploring broader topics such as industry trends, community building, and ecosystem development.

On the evening of October 6, HTX DAO hosted the “Future Night” event in Singapore. Molly, an HTX DAO ambassador, shared the latest developments in ecosystem mechanisms, community building, and the on-chain ecosystem. Justin Sun, a core supporter of HTX DAO, delivered a video address sharing his perspectives on trends in the crypto industry and the future development of the digital economy.

Sun noted that the crypto industry is deepening its ties with traditional finance, driving the continued digital transformation of global financial infrastructure. AI is changing how wealth is created, while crypto and digital finance are reshaping how wealth is held and transferred.

He further noted that stablecoins could play a greater role in global payments and settlements, while the use of traditional assets such as bonds, funds and gold on-chain will continue to evolve. As AI agents become increasingly involved in economic activity, demand for digital identities, account infrastructure, and the ability to transact autonomously is also likely to grow.

In his view, the long-term value of technology lies in its ability to deliver tangible productivity gains. The free flow of value in the digital world will be a key trend to watch over the next decade.

On ecosystem development, Molly said HTX DAO is exploring potential token utility and ecosystem applications, alongside other initiatives aimed at supporting the development of its ecosystem. For community building, HTX DAO plans to establish regional community hubs in the fourth quarter, enabling members to organize events, exchange ideas, and contribute to the development of the community’s culture. Nearly 200 active volunteers are already contributing to these efforts on their own initiative.

To strengthen its on-chain ecosystem, HTX DAO is engaging university developers from around the world through initiatives such as hackathons. Several projects are currently being explored or developed, including potential applications within the $HTX ecosystem. 

Molly emphasized that ecosystem development requires a long-term commitment. HTX DAO will continue to strengthen its infrastructure, foster an active community, and drive the adoption of ecosystem applications. As an ecosystem participant, HTX continues to gather user feedback and explore improvements to its platform and user experience, with a view to better understanding and responding to evolving user needs. 

From discussions on industry trends to practical initiatives in community development and the on-chain ecosystem, the Future Night event highlighted HTX DAO’s sustained commitment to long-term ecosystem development health  and provided a platform for global community members and industry contributors to connect and collaborate.

III. From Online Communities to In-Person Gatherings: The HTX DAO Reunion Strengthens Ecosystem Connections

Ecosystem growth depends not only on mechanisms and technology, but also on trust among community members and sustained collaboration among participants united by shared goals.

From October 6 to 8, HTX DAO hosted the HTX DAO Reunion, bringing together industry representatives, ecosystem partners, and community members aboard a yacht for face-to-face discussions in an informal setting. 

Unlike traditional conferences built around structured agendas and formal presentations, the event created a more informal setting for participants to exchange views on industry trends, community development, and potential collaborations, fostering a deeper mutual understanding.

For a DAO ecosystem to develop sustainably, community means more than online discussions and on-chain governance. It also depends on meaningful personal connections, ongoing exchanges, and active participation. By creating more diverse opportunities for in-person engagement, HTX DAO is strengthening its ties with community members and partners, opening up new possibilities for community-driven development, ecosystem collaboration, and future partnerships.

From themed discussions to open exchanges, and from online participation to in-person engagement, HTX DAO is exploring diverse approaches to community building and continually strengthening connections among ecosystem participants.

VIP Industry Gathering: Strengthening Face-to-Face Engagement with Ecosystem and Industry Partners Alongside public engagement with the global industry, HTX also made strengthening relationships with industry peers and partners a priority during Singapore Week.

During the week, HTX hosted a private industry dinner attended by invited industry representatives, ecosystem contributors, and partners. 

Compared with large industry summits, private gatherings provide a more personal setting for direct conversations. These face-to-face interactions allow HTX to listen more closely to partners and exchange views on industry developments, market developments and potential future collaborations.

As the crypto industry evolves, fostering industry relationships requires an understanding of ecosystem developments, effective communication, and the cultivation of long-term partnerships. Face-to-face engagement helps build mutual understanding, laying the groundwork for expanded collaboration across the sector.

From industry discussions at the global summit to in-depth conversations in private settings, HTX is continuously strengthening its relationships with industry partners through engagement at multiple levels.

Driving Long-Term Growth Through Global Engagement: HTX Expands Ecosystem Collaboration Throughout TOKEN2049 Singapore Week, HTX engaged across multiple fronts, including global industry dialogue, ecosystem development, brand visibility, and industry networking.

HTX Ventures leveraged the international summit to expand its industry network and boost brand engagement through booth activities and in-person interactions. HTX DAO explored industry trends, community building, and the on-chain ecosystem, strengthening connections with community members and developers. Meanwhile, a series of in-person events and private industry gatherings provided further opportunities for HTX to engage with industry peers, ecosystem contributors, and partners. 

While each initiative served a different purpose, they all contributed to the same overarching goal of building broader, deeper, and more enduring industry relationships as the global crypto industry continues to evolve.

For participants in the crypto industry, brand influence stems not only from market visibility but also from sustained engagement in industry development, responsiveness to user needs, and efforts to foster collaboration among communities, projects, and partners.

Looking ahead, HTX intends to continue its engagement with industry participants, ecosystem contributors, and partners, while exploring opportunities for ecosystem collaboration and platform improvements, subject to applicable regulatory requirements. By strengthening connections among global communities, developers, projects, and industry partners, HTX aims to explore new opportunities for the development of digital finance and blockchain ecosystems.

From the global industry stage to the front lines of ecosystem development, HTX will continue to bring industry participants together through open collaboration and drive ecosystem growth through long-term commitment.

Media inquiries, please contact [email protected].

Oil prices dipped after President Donald Trump declared an energy ceasefire between Russia and Ukraine. CNBC host Jim Cramer expects crude to stay near $100 while the war continues.

However, Moscow has not commented, and Ukrainian President Volodymyr Zelensky says Russia hit a Kyiv power plant after the announcement. Trump gave no terms for the pause.

Does an Energy Ceasefire Reach the Iran War Behind Fuel Prices?Brent crude traded near $103 per barrel on Monday, according to Trading Economics. West Texas Intermediate (WTI), the US benchmark, sat near $90. Over the past month, however, WTI fell about 12% while Brent slipped about 3.5%.

Cramer pointed to a pattern in earlier ceasefire headlines.

“We have seen these again and again and we are fooled again and again.”

oil falling on an energy cease fire. We have seen these again and again and we are fooled again and again. As long as there is a war on oil will stay clustered around $100

— Jim Cramer (@jimcramer) October 12, 2026 The truce covers Russia and Ukraine only. Zelensky said Ukraine will hold its fire on Russian energy sites if Moscow does the same.

Britain, France, and Canada have also voiced support.

Meanwhile, the BBC links the rise in global fuel costs, diesel especially, to the war with Iran.

Trump wants Kyiv to stop attacking Russian oil sites, a demand tied to his Russian diesel deal. That deal temporarily eases sanctions on Russian imports.

In contrast, seven US senators from both parties argue the deal contradicts the existing ban on Russian energy imports. Zelensky says it helps Russian President Vladimir Putin.

Higher pump prices have already fed broader inflation, the BBC reports. Still, if Brent holds near $100, that pressure could persist for stocks, bonds, and consumers.

Until Moscow responds and Iran-related supply risks ease, Cramer’s $100 line may stay the level markets test.

Ethena, issuer of the $USDe synthetic dollar, has passed $1 billion in cumulative fees since late 2023, according to DefiLlama data.

Ethena, the issuer of the $USDe synthetic dollar, has generated more than $1 billion in cumulative fees, according to DefiLlama data highlighted by @BSCNews. The tracker puts the total at $1.061 billion since the protocol began generating fees.

The milestone came quickly. DefiLlama's quarterly income statement shows Ethena recorded just $84,309 in fees in the fourth quarter of 2023, before climbing to $24.28 million in the first quarter of 2024. That puts the $1 billion mark less than three years after fee generation began.

What drives Ethena's fees$USDe is a synthetic dollar rather than a conventional stablecoin. According to Upshift, it aims to hold $1 through a mix of liquid stablecoins and crypto such as $BTC and $ETH paired with short futures positions of the same size, so price moves cancel out. Ethena launched USDe on Ethereum on February 19, 2024, per Eco's explainer citing Ethena's docs.

DefiLlama's methodology counts staking rewards, yield distribution, mint fees and extra fees as fees. Most of that flows through to holders of staked USDe (sUSDe) rather than to the protocol. DefiLlama data shows Ethena generated about $17.93 million in fees over a recent 30-day period, of which only $20,551 was protocol revenue.

Supply has fallen from its peakThe cumulative figure sits alongside a smaller USDe supply. Upshift, citing DefiLlama, reports about $4.9 billion in circulation on September 23, 2026, down from a peak of $14.8 billion in October 2025. Fees depend on supply and on funding rates in perpetual futures markets, so they tend to track market conditions.

The supply level also matters for the $ENA token. Coincub reports that a governance-approved fee switch only starts routing revenue into $ENA buybacks once USDe supply reaches $7.5 billion.

SourcesDefiLlama: Ethena fees and income statement
Upshift: What is Ethena USDe
Coincub: Ethena (ENA) price prediction and fee switch

Bitcoin falls below $84,000, with its daily gain narrowing to 0.11%

According to HTX market data, Bitcoin has fallen below $84,000, currently trading at $83,995.10, with its daily gain narrowed to 0.11%.

6 minutes ago

South Korea's KOSPI index dropped below the 6,400-point mark, with an intraday decline of 3.43%.

According to Bitget market data, South Korea's KOSPI index has dropped below the 6,400 mark, with an intraday decline of 3.43%.

6 minutes ago

Bitcoin mining firm Genesis Digital Assets is set to transition to AI data centers.

According to The Wall Street Journal, Bitcoin mining firm Genesis Digital Assets will transition to an AI data center business. SWI Group acquired a large stake in the company for $500 million in June this year, subsequently becoming its controlling shareholder. On October 12, SWI announced an €800 million (approximately $900 million) financing round to fund data center upgrades and expansion. The company plans to leverage Genesis Digital’s data centers in Texas, North Carolina, South Carolina, and Sweden to provide computing power to large cloud service providers, while selling its remaining mining assets in Kazakhstan.

6 minutes ago

ASTER has now officially integrated into the Solana ecosystem via Sunrise.

Aster’s official announcement states that ASTER has now integrated into the Solana ecosystem via Sunrise, providing users with additional cross-ecosystem access and trading options for ASTER.

6 minutes ago

Li Tian, Chief Financial Officer of Prince Group, has had his London mansion and luxury watches worth 170 million yuan frozen by UK authorities.

According to Caixin, after multiple luxury properties in London belonging to Chen Zhi, founder of the Prince Group, and Hu Xiaowei, who is alleged to be the group's "number two figure", were frozen, Li Tian, the group's finance chief, has also had his London mansion worth 170 million yuan and luxury watches frozen by UK authorities. Earlier, when the U.S. Treasury Department announced sanctions against the Prince Group and its related personnel, Li Tian was listed as a close associate of Chen Zhi, accused of effectively serving as the finance chief responsible for the group's illegal fund operations, including managing illegal fund flows and large-scale cash smuggling.

6 minutes ago

Chinese police have launched a case for investigation against companies linked to Yixin, whose affiliated funds previously participated in financing for crypto projects such as Circle and Figure.

Beijing Chaoyang District Public Security Bureau has issued a police notice stating that it has recently filed a criminal investigation against relevant companies of Chinese fintech firm CreditEase on suspicion of illegal crimes. Multiple suspects including actual controllers Tang * (male, 53) and Zhao * (female, 51) have been lawfully taken criminal compulsory measures. The police noted that they are currently fully committed to investigating the case, urging investors to actively cooperate with investigation and evidence collection, while warning against fraudsters committing fraud under pretexts such as "early redemption". CreditEase is a Chinese fintech company founded by Tang Ning. It previously operated P2P products, with its subsidiary Yirendai listed on the New York Stock Exchange. Since May 22 this year, CreditEase has fully suspended redemption of its fixed-income-like products and launched a so-called "benign liquidation" involving about 30 billion yuan, affecting nearly 100,000 high-net-worth clients. Four months after the redemption suspension, CreditEase recently sent apology letters to clients, admitting that the group may be insolvent with a large debt repayment gap. CreditEase has extensive presence in wealth management and investment businesses. Public information shows that its subsidiaries' funds have directly participated in financing of crypto-related projects including Circle, Figure, Poko, and Cashmere Wallet, and it has invested as a limited partner (LP) in multiple traditional VC funds. CreditEase has an entity in Singapore: CreditEase Asset Management (Singapore) Pte. Ltd., which holds a license from the Monetary Authority of Singapore (MAS) and is mainly engaged in asset management business.

6 minutes ago

THE BLOCK: Trader nets $1.28 million on new 1,000x exchange Papertrade by moving Hyperliquid's ETH prices

某鲸鱼卖出410枚BTC后买入超1.4万枚ETH

Chinese police have launched a case for investigation against companies linked to Yixin, whose affiliated funds previously participated in financing for crypto projects such as Circle and Figure.

Beijing Chaoyang District Public Security Bureau has issued a police notice stating that it has recently filed a criminal investigation against relevant companies of Chinese fintech firm CreditEase on suspicion of illegal crimes. Multiple suspects including actual controllers Tang * (male, 53) and Zhao * (female, 51) have been lawfully taken criminal compulsory measures. The police noted that they are currently fully committed to investigating the case, urging investors to actively cooperate with investigation and evidence collection, while warning against fraudsters committing fraud under pretexts such as "early redemption". CreditEase is a Chinese fintech company founded by Tang Ning. It previously operated P2P products, with its subsidiary Yirendai listed on the New York Stock Exchange. Since May 22 this year, CreditEase has fully suspended redemption of its fixed-income-like products and launched a so-called "benign liquidation" involving about 30 billion yuan, affecting nearly 100,000 high-net-worth clients. Four months after the redemption suspension, CreditEase recently sent apology letters to clients, admitting that the group may be insolvent with a large debt repayment gap. CreditEase has extensive presence in wealth management and investment businesses. Public information shows that its subsidiaries' funds have directly participated in financing of crypto-related projects including Circle, Figure, Poko, and Cashmere Wallet, and it has invested as a limited partner (LP) in multiple traditional VC funds. CreditEase has an entity in Singapore: CreditEase Asset Management (Singapore) Pte. Ltd., which holds a license from the Monetary Authority of Singapore (MAS) and is mainly engaged in asset management business.

3 minutes ago

The community-driven DeepSeek Bot has gone open-source: Form an AI team with just one sentence.

Insight Beating AI News: Indie developer FeiZ has open-sourced DeepSeek Bot (DS Bot), an unofficial plugin built on DeepSeek Harness (DSH). Once installed, users can create multiple specialized bots, each configured with its own model to execute tasks and collaborate with one another. Each bot features independent sessions and long-term memory, enabling it to recall user preferences. When conversations become lengthy, the plugin automatically compresses context and can search earlier chat records. Memories are stored locally as Markdown files, with team sharing support available. On first launch, the system includes a default "Chief" supervisor bot—users only need to indicate required roles, and it will create other bots and group chats as needed. Group chats default to admin responses, with other members called on demand to avoid all bots participating each time, thus reducing token consumption. Users can also directly @mention specific members. The plugin supports scheduled tasks and token usage tracking by bot and model. It can be installed by entering `ds-bot` in the plugin page of desktop clients, and is also accessible on web versions. The developer plans to add support for local Agent integration in the future. The project is open-sourced under the Apache 2.0 license and remains in the early stages of development.

3 minutes ago

Upbit to list RSR trading pairs with KRW and USDT.

According to official announcements, Upbit will list RSR trading pairs against the South Korean won (KRW) and USDT. Trading is scheduled to start at 14:05 local time in South Korea on October 12.

3 minutes ago

RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.

According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.

3 minutes ago

Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.

Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.

3 minutes ago

Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.

U.S. bank Wells Fargo is in discussions with Payward, the parent company of crypto exchange Kraken, for a potential collaboration under which Payward would provide liquidity support for the bank’s digital asset trading business. The partnership would see Payward offer market depth and trade execution support, helping Wells Fargo expand crypto asset trading access for its clients without building out a full trading infrastructure from scratch. The two sides are still in negotiations, no final agreement has been reached, and both parties declined to comment. Wells Fargo has previously offered Bitcoin spot ETFs to eligible wealth management clients, invested in compliance tech firm Elliptic and trading platform provider Talos, advanced a blockchain-based deposit initiative, and joined a U.S. dollar stablecoin-related consortium. In September 2026, Nasdaq announced a $100 million investment in Payward, valuing the firm at roughly $21 billion, with Wells Fargo serving as the exclusive capital markets advisor for the deal. Separately, Payward is reportedly in talks with asset custody and services giant BNY for a broader infrastructure partnership, covering areas including digital asset products, custody, wealth management, trading, and payments. Those discussions have also not yet resulted in a final agreement. Payward is steadily expanding its footprint in traditional finance. The firm is also reportedly pursuing a European banking license, with Lithuania as its target jurisdiction. In March 2026, Kraken Financial became the first digital asset bank to secure access to Federal Reserve payment infrastructure; Payward has also obtained authorization from the Dubai Virtual Assets Regulatory Authority.

3 minutes ago

Chinese police have launched a case for investigation against companies linked to Yixin, whose affiliated funds previously participated in financing for crypto projects such as Circle and Figure.

Beijing Chaoyang District Public Security Bureau has issued a police notice stating that it has recently filed a criminal investigation against relevant companies of Chinese fintech firm CreditEase on suspicion of illegal crimes. Multiple suspects including actual controllers Tang * (male, 53) and Zhao * (female, 51) have been lawfully taken criminal compulsory measures. The police noted that they are currently fully committed to investigating the case, urging investors to actively cooperate with investigation and evidence collection, while warning against fraudsters committing fraud under pretexts such as "early redemption". CreditEase is a Chinese fintech company founded by Tang Ning. It previously operated P2P products, with its subsidiary Yirendai listed on the New York Stock Exchange. Since May 22 this year, CreditEase has fully suspended redemption of its fixed-income-like products and launched a so-called "benign liquidation" involving about 30 billion yuan, affecting nearly 100,000 high-net-worth clients. Four months after the redemption suspension, CreditEase recently sent apology letters to clients, admitting that the group may be insolvent with a large debt repayment gap. CreditEase has extensive presence in wealth management and investment businesses. Public information shows that its subsidiaries' funds have directly participated in financing of crypto-related projects including Circle, Figure, Poko, and Cashmere Wallet, and it has invested as a limited partner (LP) in multiple traditional VC funds. CreditEase has an entity in Singapore: CreditEase Asset Management (Singapore) Pte. Ltd., which holds a license from the Monetary Authority of Singapore (MAS) and is mainly engaged in asset management business.

3 minutes ago

The community-driven DeepSeek Bot has gone open-source: Form an AI team with just one sentence.

Insight Beating AI News: Indie developer FeiZ has open-sourced DeepSeek Bot (DS Bot), an unofficial plugin built on DeepSeek Harness (DSH). Once installed, users can create multiple specialized bots, each configured with its own model to execute tasks and collaborate with one another. Each bot features independent sessions and long-term memory, enabling it to recall user preferences. When conversations become lengthy, the plugin automatically compresses context and can search earlier chat records. Memories are stored locally as Markdown files, with team sharing support available. On first launch, the system includes a default "Chief" supervisor bot—users only need to indicate required roles, and it will create other bots and group chats as needed. Group chats default to admin responses, with other members called on demand to avoid all bots participating each time, thus reducing token consumption. Users can also directly @mention specific members. The plugin supports scheduled tasks and token usage tracking by bot and model. It can be installed by entering `ds-bot` in the plugin page of desktop clients, and is also accessible on web versions. The developer plans to add support for local Agent integration in the future. The project is open-sourced under the Apache 2.0 license and remains in the early stages of development.

3 minutes ago

Upbit to list RSR trading pairs with KRW and USDT.

According to official announcements, Upbit will list RSR trading pairs against the South Korean won (KRW) and USDT. Trading is scheduled to start at 14:05 local time in South Korea on October 12.

3 minutes ago

RSR briefly rose to 0.0026 USD, with a 54.86% gain in 15 minutes.

According to HTX market data, likely driven by Upbit’s upcoming listing of RSR/KRW and RSR/USDT trading pairs, RSR briefly surged to $0.0026, is now trading at $0.0025, with a 54.86% gain in 15 minutes.

3 minutes ago

Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.

Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.

3 minutes ago

Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.

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3 minutes ago

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Upbit to list RSR trading pairs with KRW and USDT.

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Wells Fargo is in discussions with Payward, the parent company of Kraken, over a potential partnership that would help it expand its cryptocurrency trading operations.

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3 minutes ago

5 hours ago

Billionaire Adam Weitsman announced on social media that he has decided to purchase 117 Pudgy Penguins NFTs on-chain this weekend (local time the 11th), aiming to support his favorite NFT collection amid challenging times and convey confidence to the community. Weitsman praised Pudgy Penguins for bringing him joy, stating "The Huddle will stay strong" and calling on others to "Return to Pudgy Penguins". Per market data, Pudgy Penguins’ floor price stands at 2.74 ETH, roughly $6,900, with a 16.7% 24-hour gain.

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Adam Weitsman said he bought 117 Pudgy Penguins NFTs over the weekend to support collectors. Weitsman described Pudgy Penguins as a favorite collection and expressed confidence in its existing community. Pudgy Penguins recorded $1.50 million in weekly NFT sales through October 10, CryptoSlam data showed. Weekly Pudgy Penguins sales rose 125.66%, with 196 recorded transactions and 94 buyer addresses overall. In August 2025, Weitsman announced buying more than 5,000 NFTs directly connected to Yuga Labs. American billionaire and NFT collector Adam Weitsman has announced the purchase of 117 Pudgy Penguins NFTs over the October 10–11 weekend, saying the acquisition was intended to support the collection and restore confidence among its community during a difficult period.

According to Weitsman, who announced the purchases on X, the 117 digital collectibles were acquired through blockchain transactions as part of his continued support for established NFT projects. He described Pudgy Penguins as one of his favorite collections and expressed confidence in its community despite recent difficulties.

This weekend I wanted to support one of my favorite collections during a difficult time. Decided to buy 117 Pudgy Penguins on chain to spread confidence for the community I have grown to love.

Wanted to support this OG project that’s bringing happiness to many. The Huddle will… pic.twitter.com/2FSxuqzO2c

— Adam Weitsman (@AdamWeitsman) October 11, 2026 The announcement followed a week in which Pudgy Penguins recorded a 125.66% increase in NFT sales, according to CryptoSlam data collected through October 10. The timing places the reported acquisition alongside a recovery in the collection’s trading activity, although the available figures do not establish how much Weitsman’s purchases contributed to that performance.

Weitsman, an American businessman known for his metal recycling operations and digital collectibles, said he purchased 117 Pudgy Penguins NFTs to demonstrate support for a community he has followed for some time. The acquisition was announced on October 12, following a weekend of buying activity.

In his original statement, Weitsman explained that he wanted to support one of his favorite collections during a challenging period. He described the project as a long-established part of the NFT industry and credited it with bringing enjoyment to its supporters. The investor wrote: “This weekend I wanted to support one of my favorite collections during a difficult time.”

He added that the decision was intended to “spread confidence” among the project’s supporters. Referring to the Pudgy Penguins community, which commonly calls itself the Huddle, Weitsman said: “The Huddle will stay strong.” His message ended with the phrase “Return to Pudgy Penguins,” encouraging renewed attention toward the collection.

Weitsman did not disclose the total amount spent acquiring the 117 NFTs or provide a complete breakdown of individual purchase prices in the supplied announcement. The statement did not specify whether the purchases were completed through one marketplace or several trading venues.

Although he described the purchases as on-chain transactions, the original post did not include a complete list of transaction hashes that would allow every reported acquisition to be independently reconciled. The purchase count therefore remains attributed to his public statement. The investor did not announce a specific resale target, investment timeframe or additional commitment to purchase Pudgy Penguins assets.

Pudgy Penguins NFT sales jump 125% in one week The acquisition came after a strong increase in reported trading activity for the Pudgy Penguins collection.

According to CryptoSlam figures examined on October 10, Pudgy Penguins generated approximately $1.50 million in NFT sales during the preceding seven days. The result represented an increase of 125.66% compared with the previous weekly period.

As covered in the latest NFT market sales report, Pudgy Penguins ranked third among NFT collections by weekly sales, behind Courtyard and CryptoPunks. The collection recorded 196 transactions, an increase of 151.28%, while buyer addresses rose 54.10% to 94.

Seller participation increased during the same period, with 123 seller addresses recorded, up 101.64% from the previous week.

The figures show that the collection experienced increased trading activity before Weitsman’s October 12 announcement. The publicly available weekly report does not establish a direct connection between his purchases and the recorded sales increase.

Across the NFT market, CryptoSlam recorded approximately $39.85 million in weekly sales, representing a 0.90% increase. Ethereum led blockchain networks with $17.60 million, followed by Polygon with $8.62 million and Bitcoin with $3.55 million.

Despite the modest rise in total sales value, the number of participating NFT buyer addresses fell sharply during the reporting period. CryptoSlam recorded 30,332 buyers across tracked networks, down 85.33%, while total NFT transactions declined 6.92% to 778,055.

For Pudgy Penguins specifically, the collection’s higher sales volume accompanied increases in transactions, buyers and sellers, according to the October 10 figures.

No independently verified purchase total or transaction-by-transaction valuation for Weitsman’s latest acquisition was established in the reviewed primary material.

Weitsman previously acquired over 5,000 Yuga Labs NFTs The purchase follows another large NFT acquisition by Weitsman in August 2025, when he announced buying more than 5,000 digital collectibles associated with Yuga Labs.

The earlier transaction involved assets from the Otherside ecosystem, including Otherdeeds, Mega Kodas and Weapon Kodas. The collectibles were acquired directly from Yuga Labs as part of his stated intention to support the company’s metaverse project.

Weitsman described the August transaction as a long-term investment and expressed interest in further purchases through the secondary NFT market. The acquisition expanded his collection of blockchain-based assets connected to virtual land, characters and digital gaming experiences.

Otherside is a metaverse project developed by Yuga Labs, the company associated with the Bored Ape Yacht Club NFT collection. Its ecosystem includes Otherdeeds, which represent digital land within the project, and Koda characters connected to its virtual world.

The August transaction did not involve Pudgy Penguins, which operates as a separate NFT brand. However, both purchases were accompanied by public statements in which Weitsman expressed support for the projects and their communities.

His latest announcement did not specify whether the 117 Pudgy Penguins NFTs were intended for permanent holding, future trading or participation in any particular project activity.

The collection’s established history includes its original launch in July 2021, when 8,888 penguin-themed NFTs were introduced on Ethereum. Following a change in leadership in 2022, the project expanded into physical merchandise, gaming and licensing.

As previously documented in the history of Pudgy Penguins, entrepreneur Luca Netz acquired control of the brand in 2022, after the original leadership faced criticism from holders over its development progress.

Pudgy Penguins continues expanding beyond NFT trading While its original Ethereum collection remains a central part of the brand, Pudgy Penguins has expanded into consumer products and entertainment. The company introduced physical toys, collectible figures, trading cards and digital experiences designed around its penguin characters.

In June 2026, Pudgy Penguins brought its Vibes trading card products to Target stores across the United States. The cards feature characters associated with Pudgy Penguins and related collections, with gameplay built around collecting and trading.

The Target trading card rollout followed earlier efforts to make the project’s characters available to customers outside cryptocurrency marketplaces.

An official July business update described further retail activity involving plush toys, collectibles and licensing partnerships. Pudgy Penguins said its products were available through Target stores and reported launches tied to San Diego Comic-Con and a collaboration with collectible card company KAKAWOW.

The company identified its Little Treats Blind Boxes as a leading seller during Comic-Con and said it was preparing further retail distribution before 2027. The update described plans to expand the availability of its physical products, including additional collectible releases.

At the same time, the wider Pudgy Penguins ecosystem has faced operational challenges. Abstract, the consumer blockchain associated with Pudgy Penguins, announced plans to discontinue its network on December 15, 2026, after its operator reported that maintaining the platform was financially unsustainable.

The network’s shutdown plan was examined in an October report on the financial pressures facing Ethereum layer-2 blockchains, which identified Abstract and Blast as projects preparing to close operations.

The reported shutdown concerns Abstract’s blockchain operations and does not establish that the original Pudgy Penguins NFT collection is being discontinued.

In its April 2026 business update, Pudgy Penguins described the launch of Pudgy World, a browser-based multiplayer experience connected to the brand’s physical toys. Customers can use QR codes included with certain toys to access associated digital features.

The company said the platform was designed to connect its merchandise with interactive experiences and reported continued development of retail products, entertainment content and community activities.

Its official October product catalog continues to list plush toys, card games, character accessories and collectible merchandise, including items associated with Pengu, Pax and Polly.

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.

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