QNT za 24 hodin vyskočil o 30 % na 241,83 USD po partnerství s The Clearing House v rámci iniciativy On-Chain Money Initiative pro americké banky. HBAR přidal 26 % na 0,1202 USD po zprávě, že jeho platforma IDTrust byla ověřena IBM a zařazena do IBM Cloud Catalog.
Quant Soars on Clearing House Partnership$QNT surged 30% in 24 hours to $241.83 on $1.54 billion in trading volume, extending a weekly gain of 262%. The catalyst was a headline-grabbing announcement on Thursday: The Clearing House selected Quant, a provider of programmable money infrastructure, to power the On-Chain Money Initiative, a new interoperable payments network for US banks.
Quant will supply the interoperability, orchestration and transaction-management layer, linking the network to existing fiat rails like RTP and CHIPS. The initiative is designed to create new opportunities across corporate treasury, liquidity management, cross-border payments and digital asset settlement. For banks without their own tokenized deposit capability, Quant has also been contracted to provide a commercial bank-side solution through its Tokenised Deposits-as-a-Service offering. The Clearing House's networks clear and settle more than $2 trillion each day, putting the partnership at the core of the US banking system.
The network is expected to become available to participating institutions in the first half of 2027, with additional details on participation and use cases to be announced as development progresses.
Hedera Rides Its Own Wave$HBAR was not far behind, climbing 26% to $0.1202 over the same 24-hour window. Its daily volume jumped more than 14-fold to $1.18 billion, lifting its market cap to $5.26 billion. The primary catalyst was a September 23 announcement from Switzerland's Hashgraph Group, which said its IDTrust identity platform, built on Hedera, had been validated by IBM and listed in the IBM Cloud Catalog. The Hashgraph Group also received IBM Silver Partner status and signed a global Embedded Solution Agreement covering IBM Cloud and AI technology, giving Hedera a commercial connection to one of the world's largest enterprise technology ecosystems.
Together, the two tokens stood out as the top performers among the 100 largest cryptocurrencies on an otherwise difficult day for the market. Bitcoin fell 1.7% and the total crypto market cap slipped 1.7% to $2.86 trillion, per CoinMarketCap data.
Sources:
The Clearing House: On-Chain Money Initiative announcement
The Clearing House Partners with Quant to Advance the On-Chain Money Initiative (PR Newswire)
The Clearing House Selects Quant for Tokenized Deposit Interoperability (Ledger Insights)
Canary Capital posunula staked ETF na Injective hlouběji do schvalovacího procesu u SEC po podání třetí úpravy S-1 pro navrhované staked $INJ ETF. REX-Osprey zároveň prodloužila lhůtu svého staked SEI ETF do 23. října.
Canary Capital pushes staked Injective ETF deeper into SEC review@CanaryFunds filed a third S-1 amendment with the U.S. Securities and Exchange Commission on Thursday for its proposed staked $INJ exchange-traded fund. The fund is structured to give U.S. investors direct exposure to Injective while also capturing staking returns. According to the original copy, Canary plans to stake at least 90% of the fund's tokens, making staking rewards a primary rather than incidental feature of the product.
Thursday's third amendment keeps the process moving, but regulatory clearance remains outstanding.
REX-Osprey extends staked SEI ETF timeline to October The move is a procedural step the partnership has made repeatedly this year, rolling the effective date forward as the SEC continues its review. that REX-Osprey has been developing.
Together, the two filings highlight a broader push by asset managers to bring staking-enabled products to retail and institutional investors through regulated wrappers. Neither fund is cleared to trade yet, and both remain subject to further SEC action before any shares can be offered to the public.
Sources
TokenPost: Canary Capital Amends Proposed Staked Injective ETF Filing With SEC
KuCoin News: REX and Osprey Update SEI Staking ETF Filing, Effective Date Set for October 23
Sei’s tokenized-stock push gained momentum as the SEI token rallied 17.85%, with stronger market activity and expanding real-world asset exposure.
In particular, Dinari’s partnership with Sei introduced more than 700 tokenized U.S. stocks onto the network’s blockchain ecosystem.
This collaboration extended Sei’s exposure to the tokenized real-world assets and also introduced another potential source of network utility.
Alongside the price expansion, SEI’s trading volume also responded with a 128% increase to $193.6M over 24 hours, reflecting considerable market participation.
Ecosystem liquidity expands alongside activity Sei’s DeFi liquidity was reinforced as its Total Value Locked (TVL) expanded to $41.71 million following the recent price advance.
The TVL registered a notable increase of 6.62% within 24 hours, suggesting renewed capital deployment across applications running on the network.
Market positioning, however, revealed a more complicated outlook around SEI’s rapid price recovery.
Source: SEI TVL on DefiLlama Sellers persist despite exchange outflows According to CoinGlass, SEI had recorded $323.81K in spot net outflows at reporting time, continuing the broader exchange withdrawal pattern visible throughout the year.
These negative netflows implied that more tokens were leaving exchanges rather than entering during the 24-hour period.
Contrastingly, the taker activity suggested that sellers remained aggressive despite the declining exchange supply. Specifically, the Spot Taker CVD indicator remained seller-dominant, reflecting continued market selling.
Futures traders reflected similar positioning, with the Futures Taker CVD metric also remaining seller-dominant.
Source: Sei Spot Taker CVD on CryptoQuant Can SEI extend its structural breakout? On the weekly technical structure, SEI broke above its descending channel before clearing the $0.07670 resistance level. The breakout confirmed a bullish change of character after an extended period of a downtrend move.
The token then subsequently pushed towards the $0.08166 area, rapidly pushing away from its former channel resistance.
It is worth noting that the CHoCH marked a significant structural change after an extended period of declining prices. Notably, the weekly chart exposed the $0.12 price level as the next major zone of interest.
Source: SEI/USDT Weekly Chart on TradingView Ultimately, SEI’s breakout gained support from the growing ecosystem liquidity, tokenized-stock exposure, and reduced exchange supply.
However, seller-dominated taker activity remained the main counterweight, but if bulls defend the $0.07670 support, SEI could extend its price rally towards $0.12.
Final Summary Tokenized stocks and rising network liquidity have added fundamental backing to SEI’s recovery. SEI’s bullish CHoCH has shifted focus toward $0.12 after clearing its descending channel.
Bittensor navrhuje zavedení tokenů Gamma, které by subnetům umožnily nakupovat a prodávat služby mezi sebou pomocí kreditů krytých emisemi TAO. Cílem je proměnit rivalitu subnetů ve spolupráci.
Bittensor’s subnets have spent years competing for the same pot of TAO emissions. A new proposal wants to flip that dynamic entirely, turning rivals into customers.
At the Exploit Summit on September 28, 2026, @const_reborn from the OpenTensor Foundation introduced Gamma tokens: a proposed economic layer that would let subnets buy and sell services from one another using transferable credits backed by their own emissions.
What Gamma tokens actually do Under the proposal, subnets would convert a portion of their TAO emissions into Gamma credits. Those credits could then be spent on compute, inference, or other services provided by fellow subnets or external providers.
One implementation detail floated in early discussions involves burning alpha tokens to acquire Gamma credits, though the mechanics remain to be formalized. Alpha tokens are the subnet-specific assets introduced under Bittensor’s dynamic TAO framework, which allowed individual subnets to issue their own tokens traded against TAO.
Emissions have historically functioned as something close to a salary: rewards that validators and miners sell on the open market. Gamma tokens would reframe at least a portion of those emissions as an operating budget, capital that gets reinvested into the network rather than liquidated.
The network it would serve Bittensor’s subnet model has expanded considerably since the dynamic TAO upgrade. The network currently supports over 100 specialized AI markets, spanning use cases from protein folding to text generation to financial modeling.
According to network data cited at the summit, 24 subnets generate between $28M and $35M in annualized revenue from paying customers.
The OpenTensor Foundation’s framing is explicit about this. The goal isn’t to replace competition among subnets but to layer in a collaboration mechanism that makes the whole network more capable than the sum of its parts.
Community response and what comes next Early reactions from the Bittensor community landed on the positive side of the spectrum. The Gamma token proposal is still at the conceptual stage, and key questions around token mechanics, governance of the credit system, and how Gamma interacts with existing alpha token markets haven’t been resolved publicly.
The dynamic TAO framework, introduced around 2025, took considerable time to move from concept to live network. Gamma tokens would represent another layer of complexity on top of that architecture, which means the implementation timeline is genuinely uncertain.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Bybit nově umožňuje institucionálním klientům použít tokenizované podíly fondu peněžního trhu Franklin Templeton jako off-exchange kolaterál. Podíly zůstávají v úschově a klienti proti nim mohou obchodovat bez přesunu na burzu.
Institutional clients on Bybit can now pledge tokenized money market fund shares from Franklin Templeton as collateral and trade against them without moving the shares onto the exchange. The announcement, dated September 28, calls this the first step in a wider collaboration that also reaches wallet-based retail investors.
Franklin Templeton reports about $1.7 trillion under management, and Bybit says it has more than 80 million users. The collateral program is the concrete part. Details of the retail product are still to come.
A pledge instead of a deposit The shares are issued through Benji, Franklin’s own blockchain-based recordkeeping and transfer agency platform. A client pledges them through ByCustody, a custody platform, and gets a USDT or USDC credit line on Bybit in return. The shares themselves stay in custody. Bybit mirrors their value inside its trading environment, so the client keeps collecting the fund’s yield while the same holding backs a position.
Bybit is selling this as trading liquidity against a regulated, interest-paying asset with less counterparty exposure, since nothing has to be handed to the exchange. It describes the program as part of a growing set of institutional tools. Yoyee Wang, its global head of RWA and TradFi, said institutions increasingly expect the same flexibility and risk standards from crypto venues that they get in traditional markets. Sandy Kaul, who heads digital assets and innovation at Franklin Templeton, described Bybit as a trusted venue where institutions can put regulated, yield-bearing assets to work. Kaul added that the retail side should widen access to actively managed products for wallet users.
Off-exchange settlement isn’t new at Bybit. Since 2025 it has connected custodians including Zodia Custody and Sygnum, so institutions can keep assets away from the exchange while they trade. In the Sygnum setup, for instance, trading profit and loss settles automatically every eight hours. What Franklin adds is a collateral type that pays interest while it sits there. The deal also lands days after Bybit put stock-linked perpetual contracts into Copy Trading, another push toward traditional-asset exposure.
Binance did the same thing in February Franklin Templeton launched a matching program with Binance on February 11, with Ceffu as the custody layer. The structure is nearly identical: Benji-issued shares stay in regulated custody while their value is mirrored on the exchange. The two companies put the demand down to institutions wanting stable, yield-bearing collateral that settles around the clock. Since then Franklin has kept adding platforms. Payward, Kraken’s parent, announced a collaboration in May that includes integrating Benji and co-designing tokenized yield products. MoonPay followed in June, and HashKey Exchange listed a Franklin on-chain fund on its Earn channel on August 24. Bybit is the latest name on the list.
Retail plans and the terms the release leaves out The second track is aimed at wallet users. Bybit and Franklin say a tokenized wealth product will run on the Bybit exchange and on Mantle, giving access to Franklin’s investment strategies. The release doesn’t say what kind of strategies, only that they’re Franklin’s. Mantle is familiar territory for Bybit. It added deposits and withdrawals of tokenized U.S. equities on the network in November, and in March it said its Mantle Vault on On-Chain Earn, launched in December, had reached $200 million, up from $100 million in early January. For the new product, the release gives no name, fee, minimum or start date, and Bybit and Mantle say they’ll share details separately. The companies also plan content and education programs on goals-based investing and diversification.
The institutional side has gaps too. The release doesn’t say which fund in Franklin’s suite qualifies or on what terms credit is extended, from loan-to-value ratios to haircuts and fees. Nor does it explain how a margin shortfall would be handled against shares held in custody. Settlement frequency isn’t stated, and neither is what makes a client eligible. Bybit says the structure reduces counterparty exposure. Franklin’s Roger Bayston said of the Binance version that pledged assets aren’t rehypothecated or moved onto the exchange, and whether the same terms apply here isn’t spelled out. The program is new, so there’s no record yet of how it behaves in a fast market.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Spot Trading Goes Live on Ondo Perps@OndoPerps has officially enabled spot trading for its Ondo Stocks suite, giving traders a single platform from which to execute basis trade strategies on tokenized real-world assets. The move marks the first time Ondo Stocks have traded on a permissionless central limit order book (CLOB).
The launch covers 12 tokenized assets, including $GLDON, $NVDAon, and $SPYON. Traders can now pair spot holdings with perpetual shorts to capture funding rates, using the underlying equity tokens directly as collateral, removing the need to convert positions into stablecoins or move capital across multiple venues.
Capital Efficiency and Unified Risk ManagementBy consolidating long exposure and short position management onto one CLOB, the platform reduces counterparty risk tied to cross-platform position management while improving overall capital efficiency.
The addition of spot trading on a CLOB deepens that infrastructure, giving traders a more complete set of tools within the same ecosystem.
Sources:
TheStreet Crypto: Ondo Perps launches as the first perp platform with tokenized stock collateral
The Block: Ondo Finance says tokenized stocks can now be used as collateral for perp trading
Ondo Finance Blog: Real 24/7 Trading for Tokenized Stocks
Peněženka spojená s Wintermute drží na Hyperliquidu shorty za zhruba 126,25 milionu USD, v čele s ETH za 46,92 milionu USD. Podle Onchain Lens je pozice v plusu asi 963 600 USD.
A wallet linked to Wintermute has built roughly $126.25 million in short positions on Hyperliquid, with a $46.92 million Ethereum short making up the largest reported exposure as major cryptocurrencies trade below recent highs.
Summary
Wintermute-linked wallet holds $126.25 million in shorts, with Ethereum representing its largest reported position currently. Ethereum short exposure stands near $46.92 million, while Solana and HYPE positions exceed $10 million. Onchain Lens reports tracked positions carry roughly $963,600 in unrealized profit at its latest snapshot. CoinGecko shows Bitcoin, Ethereum, Solana and HYPE trading near or below their weekly highs Monday. FTX and Alameda-linked wallets transferred 27,372 ETH to Wintermute, though the transfer purpose remains unconfirmed. Onchain Lens reported on Sept. 28 that the tracked account held shorts across several crypto assets and was sitting on roughly $963,600 in unrealized profit when the snapshot was taken. The analytics account put the wallet’s lifetime profit and loss at approximately $197.22 million.
The address, 0xecb63caa47c7c4e77f60f1ce858cf28dc2b82b00, has repeatedly been identified by on-chain researchers as a Wintermute-linked Hyperliquid wallet. Wintermute has not publicly confirmed ownership of the address or described the purpose of the current positions.
Previous analysis of the Wintermute-linked Hyperliquid short book found the same address carrying substantially larger bearish exposure in August, including shorts in ETH, BTC, SOL, HYPE and XRP.
Wintermute shorts remain concentrated in Ethereum Ethereum accounted for $46.92 million of the latest reported short exposure, according to Onchain Lens. SOL followed with an $11.30 million position, while HYPE accounted for approximately $10.03 million.
WINTERMUTE OPENS $126M IN SHORTS
Wintermute is short $126.25M across Hyperliquid, led by a $46.92M $ETH short.
The positions are currently up ~$963.6K, while lifetime PnL stands at +$197.22M.… pic.twitter.com/fDLoWSn2Jg
— Onchain Lens (@OnchainLens) September 28, 2026 Other positions make up the remainder of the reported $126.25 million total, though Onchain Lens did not provide a complete position-by-position breakdown in its latest post.
Data collected from the same address over previous months shows that its exposure can change quickly. An independent analysis of the wallet identified extensive activity across Hyperliquid markets, with hundreds of orders used for both sides of market-making books.
The analysis found Wintermute-linked bids and asks spread across dozens of assets, including BTC, ETH, SOL and HYPE. It described the quoting structure as close to balanced at the time of its January snapshot, with roughly $101.7 million of bid orders and $97.2 million of asks.
For that reason, a visible short position does not by itself establish that Wintermute expects an asset’s price to fall. Market makers can hedge spot inventory, options, client flows or exposure held across other venues with perpetual futures.
Crypto.news previously examined the same issue when a Wintermute-linked wallet carried $190.77 million in Hyperliquid shorts in August. At that point, ETH led the account’s short positions at roughly $53.02 million, followed by BTC and SOL. Wintermute did not publicly confirm the positions at the time.
ETH, SOL and HYPE trade below recent peaks The current positioning comes as Ethereum has pulled back from the $2,800 region reached earlier in September.
CoinGecko shows ETH trading around $2,644 at the time of writing, placing the asset below its recent $2,800 attempt. Ethereum had already slipped below $2,700 on Sept. 23 after the advance stalled.
The Ethereum pullback after rejection near $2,800 came after the token reached a multiweek high before sellers pushed prices lower.
Bitcoin was trading around $82,863, according to CoinGecko data, down roughly 2.4% over the previous 24 hours at the retrieved reading.
SOL stood near $118.06 on CoinGecko data, while HYPE traded around $92.28.
CoinGecko shows HYPE remaining close to its recent record area despite the latest pullback. The token has traded above $90 after reaching prices near $98 during September.
Recent HYPE treasury purchases and whale transfers have kept large-wallet activity in focus. Hyperliquid Strategies bought 494,200 HYPE worth $45.8 million in one disclosed transaction, while several large holders began unstaking tokens.
Wintermute short exposure has changed repeatedly The latest $126.25 million figure is below some earlier snapshots of the same wallet.
On Sept. 20, third-party reports put its short exposure close to $146 million, with ETH near $53 million, BTC at approximately $26.7 million and SOL around $17.8 million.
By Sept. 23, on-chain analyst CW said the wallet was increasing short exposure in ETH, BTC and SOL while prices were rising.
CW described the positioning as downward pressure on the market. However, that interpretation has not been confirmed by Wintermute and should not be treated as evidence that the market maker was deliberately attempting to push prices lower.
The tracked positions have moved in both directions over time. Earlier wallet data showed short exposure being reduced during market pullbacks before positions increased again as prices recovered.
Public Hyperliquid data make positions on individual accounts visible, but they do not show all offsetting exposure a firm may hold elsewhere. Wintermute operates across centralized exchanges, decentralized venues and over-the-counter markets, leaving open the possibility that its Hyperliquid positions form one part of a larger hedging book.
Wintermute reported earlier this year that institutional clients represented a growing share of its OTC activity. The firm’s institutional OTC trading flow reached 72% of spot volume during the first half of 2026.
Alameda transferred ETH to Wintermute before latest shorts The reported positioning follows a separate large Ethereum transfer involving wallets tied to FTX and Alameda Research.
On Sept. 23, blockchain researchers tracked 23,639 ETH worth roughly $65 million moving from an FTX and Alameda-linked address to a wallet labeled as belonging to Wintermute.
A broader review found six linked wallets transferring a combined 27,372 ETH, worth approximately $75 million at the time, to Wintermute addresses. Blockchain security firm PeckShield flagged the largest 23,639 ETH transaction.
JUST IN: Alameda Research moves $65 million worth of ETH to Wintermute
The FTX bankruptcy estate deposited 23,639 $ETH into Wintermute earlier today, with the transfer reportedly linked to a potential sale. pic.twitter.com/P8m36l7XsH
— crypto.news (@cryptodotnews) September 23, 2026 Neither Wintermute nor the FTX Recovery Trust has publicly confirmed that the transfer represented an immediate sale. On-chain movements into a market maker can support sales, OTC execution, collateral management, hedging or other trading functions.
Past FTX and Alameda transfers involving Wintermute show that estate-linked wallets have used the market maker in earlier asset movements. In October 2023, FTX and Alameda addresses transferred crypto worth approximately $10 million to Coinbase, Binance and Wintermute-linked destinations.
The Sept. 23 ETH movement therefore remains separate from the latest Hyperliquid short snapshot unless further wallet data or disclosures establish a direct connection between the transferred Ether and the derivatives exposure.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Aster spustil Perpetual Grid 2.0 a čtyřtýdenní kampaň Liquidity Pool Mining s odměnami až 140 000 ASTER. Program běží od 28. září do 25. října 2026 a je otevřen všem uživatelům na vybraných párech.
September 28th, 2026 – George Town, British Virgin Islands
Aster, the privacy-first onchain trading platform backed by YZi Labs, today announced the launch of its Liquidity Pool Mining campaign, a four-week incentive campaign featuring a total reward pool of up to 140,000 ASTER and running from September 28 to October 25, 2026 (UTC).
To celebrate the launch of Perpetual Grid 2.0, the program is open to all Aster users running Perpetual Grid strategies on eligible trading pairs.
Rewards will be distributed hourly based on each eligible Grid’s share of trading volume. The base reward pool is set at 10,000 ASTER per epoch, with additional rewards available based on market conditions and trading activity on the platform. Participation is automatic, with no registration required.
“As Aster continues to bring more emerging assets and opportunities onchain, we’re also focused on building the tools traders need to navigate increasingly dynamic markets. Perpetual Grid offers a flexible way to capture opportunities amid market volatility, and Grid 2.0 takes this experience further with greater flexibility and independence. This upgrade is another step toward our broader vision of building the frontier of onchain trading,” said Leonard, CEO at Aster.
Incentivizing Automated Perpetual Trading
The campaign builds on Aster’s expanded Perpetual Grid infrastructure, giving users a new way to participate in automated trading while earning additional ASTER rewards from eligible Grid activity. Both Maker and Taker volume count toward the campaign, while manual trading and activity outside the Grid strategy are excluded.
An Estimated Bonus APY is also displayed to provide an indication of potential annualized ASTER rewards based on recent campaign activity. The estimate can change as trading volume, participating Grids and other campaign conditions change, and does not guarantee future rewards or returns.
Grid 2.0 Separates Automated and Manual Strategies
Alongside the campaign, the newly upgraded Perpetual Grid 2.0 enables Grid strategies to operate independently from users’ regular Perpetual trading. Each Grid runs through a dedicated Grid Bot subaccount, keeping its positions and margin separate from the main Perpetual account.
With support for both Cross and Isolated Margin, users can run automated Grid strategies while continuing to trade Perpetuals manually, including on the same trading pair. Isolated Margin supports up to 50 independent Grid strategies per account, with no per-pair limit.
Discover Strategies Through Grid Marketplace
Aster’s Grid Marketplace further simplifies strategy discovery by allowing users to browse active Grid strategies and review metrics such as PnL, ROI, runtime, price range, leverage and trading activity.
Users can use an existing strategy as a starting point through Copy, or switch its direction through Reverse, turning a Long strategy into Short or vice versa. Copied or reversed strategies remain independent from their source and do not automatically synchronize with the original Grid.
The Liquidity Pool Mining campaign is available on designated eligible trading pairs, with the Week 1 eligible pairs including OURA/USD1, POLYMARKET/USD1, and META/USD1. The reward pool is shared across participating pairs. Individual rewards are determined by each Grid’s eligible trading volume relative to the total eligible volume generated during the relevant hourly period.
More eligible trading pairs may be added in subsequent weeks to reflect the latest market trends. For more information about the campaign, eligible trading pairs and current campaign parameters, please visit the official campaign page.
About Aster
Aster is a privacy-first onchain trading platform backed by YZi Labs, with unique features like Hidden Orders to protect user trading activity. It pioneers the frontier of on-chain trading through perpetual futures, spots, and earn products for top-trending assets, including RWAs, memes, and core crypto markets. It is powered by Aster Chain, a Layer 1 blockchain built to power the future of decentralized finance.
Users can learn more about Aster on the official website or follow Aster on X.
Strategy koupila dalších 1 665 BTC za 142,7 milionu USD a současně odkoupila STRC za 151,7 milionu USD. Celkové držby Bitcoinu tak vzrostly na 847 666 BTC.
Strategy has acquired another 1,665 BTC for approximately $142.7 million while spending $151.7 million to repurchase STRC preferred shares during the week ended Sept. 27.
Summary
Strategy bought 1,665 BTC for $142.7 million, lifting total Bitcoin holdings to 847,666 coins overall. Strategy repurchased 1,534,530 STRC shares for $151.7 million during the September 21 to 27 period. MSTR sales generated $246.2 million net proceeds, with no preferred shares issued during the week. Strategy held $5.02 billion in USD Reserve and $1.00 billion in deployable USD Cash overall. Bitcoin holdings cost $63.95 billion in aggregate, averaging $75,437 per coin including fees and expenses. Strategy disclosed the transactions in a Sept. 28 Form 8-K, showing that the company paid an average of $85,681 per BTC, including fees and expenses, between Sept. 21 and Sept. 27. The purchase lifted its Bitcoin holdings to 847,666 BTC.
During the same period, Strategy sold 1,469,165 MSTR shares through its at-the-market program, generating $246.2 million in net proceeds. Of that amount, $142.7 million funded the Bitcoin purchases and $103.5 million went toward STRC repurchases.
The company issued no STRF, STRC, STRK or STRD preferred shares through its ATM programs during the week.
Strategy Bitcoin holdings reach 847,666 BTC Following the latest purchase, Strategy held 847,666 BTC acquired for an aggregate $63.95 billion. Its average acquisition cost stood at $75,437 per BTC, including fees and expenses.
The latest addition follows Strategy’s 950 BTC purchase after a two-week buying pause reported for the previous week. The company spent $75.7 million on that acquisition at an average price of $79,670 per BTC, increasing holdings at the time to 846,000 BTC.
Strategy’s new $85,681 average purchase price for the Sept. 21-27 period was above Bitcoin’s latest market price. CoinGecko shows BTC trading near $83,401 at the latest reading, around 2.7% below Strategy’s average price for the latest purchase.
At that market price, Strategy’s 847,666 BTC position would be worth roughly $70.7 billion. The calculation uses a live market price and therefore differs from the company’s recorded acquisition cost.
STRC repurchases reach another $151.7 million Alongside the Bitcoin acquisition, Strategy repurchased 1,534,530 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC, for approximately $151.7 million.
The latest transaction continues a repurchase program that Strategy began earlier in 2026. After the latest week, $723.5 million of authorization remained under its digital credit securities repurchase program, according to the filing.
Strategy’s previous $174 million STRC repurchase came during the Sept. 14-20 period, when the company spent more on preferred-stock repurchases than on its $75.7 million Bitcoin purchase.
Earlier in September, Strategy doubled its digital credit securities repurchase authorization to $2 billion after spending $176.3 million on STRC during a week when it bought no Bitcoin.
Strategy said in July that it intends to repurchase STRC while the preferred stock trades below its $100 stated amount, subject to market conditions, liquidity and other capital priorities.
MSTR sales funded both transactions Strategy financed the latest Bitcoin purchase and part of the STRC repurchase through MSTR common-stock sales.
The company raised $246.2 million in net proceeds by selling 1,469,165 MSTR shares between Sept. 21 and Sept. 27. The filing assigns $142.7 million of those proceeds to Bitcoin purchases and $103.5 million to STRC buybacks.
A further $48.1 million of the STRC repurchase came from Strategy’s USD Cash balance. Over the same period, the company used $22.1 million from its separate USD Reserve to pay preferred-stock dividends.
Strategy reported $18.84 billion of additional MSTR issuance capacity under its ATM program as of Sept. 27. No preferred shares were sold during the latest reporting period.
The latest funding structure differs from the previous week, when Strategy made no ATM stock sales and used existing cash to fund its Bitcoin purchase and STRC repurchases.
Strategy keeps $6.02 billion in dollar assets Strategy ended Sept. 27 with a $5.02 billion USD Reserve and $1.00 billion in USD Cash, giving the company a combined $6.02 billion across the two balances.
The company defines the USD Reserve as capital designated to support preferred-stock dividends and interest payments on outstanding debt. USD Cash is maintained separately for Bitcoin purchases, reserve additions, capital management and other treasury uses.
The cash framework has changed materially since July, when Strategy built a $3.75 billion reserve while Bitcoin buying remained paused.
Strategy’s board expanded its STRC repurchase program during September while continuing to manage Bitcoin purchases, common-stock issuance and preferred-stock obligations through separate pools of capital.
As of Sept. 27, the company still had $723.5 million available under its digital credit securities repurchase authorization and $1 billion available under its separate MSTR common-stock repurchase program.
In brief Strive bought 1,107 BTC between Sept. 21 and Sept. 25 at an average of $85,396, bringing its stash to 27,462 BTC worth about $2.3 billion. SATA preferred stock supplied 85% of the capital raised, including $12.4 million from warrant exercises, per CEO Matt Cole. Strive remains the fifth-largest public Bitcoin holder and would need roughly 1,235 BTC a week to catch Twenty One by year-end. Strive kept its Bitcoin shopping streak alive last week, though its cart was a bit lighter.
The Dallas-based asset manager bought 1,107 BTC for about $94.5 million between Sept. 21 and Sept. 25, paying an average of $85,396 per coin including fees, according to a Form 8-K filed Monday with the SEC.
Its holdings now total 27,462 BTC, worth about $2.3 billion at Friday's closing price of $83,943, the company said.
That's a step down from the prior week, when Strive's stash grew by 1,355 BTC, based on its previous filings.
Once again, preferred stock footed most of the bill. "Warrant exercises generated another $12.4M. Including those proceeds, 85% of total capital raised came from SATA," CEO Matt Cole wrote on X.
Strive acquired 1,107 $BTC for $94.5M at an average cost of $85,396 per bitcoin, bringing total holdings to ₿27,462.
Warrant exercises generated another $12.4M. Including those proceeds, 85% of total capital raised came from SATA.$ASST $SATA pic.twitter.com/duihTtFKrm
— Matt Cole (@ColeMacro) September 28, 2026
SATA is Strive's variable-rate perpetual preferred stock, which pays dividends and lets the company raise money with less dilution for common shareholders. Its share count rose by roughly 1 million during the week to 12.2 million, the filing shows. At its $100 stated amount, that puts SATA's notional value at about $1.22 billion. Class A common shares rose by about 649,000.
Strive's cash pile also grew by $19.2 million to $248.8 million.
Strive leans heavily on SATA to fund its buys. Its 469 BTC purchase earlier this month, which lifted holdings to an even 25,000 coins, was paid for entirely with the preferred stock. A $109 million purchase in early September split funding 70/30 between SATA and common stock.
Strive ranks fifth among public Bitcoin holders, behind Strategy, Twenty One Capital, Metaplanet and MARA, according to Bitcoin Treasuries data. To catch Twenty One's 43,514 BTC by year-end, it would need about 16,050 more coins, or roughly 1,235 a week.
Rival treasury firms also disclosed purchases Monday. Strategy added 1,665 BTC for $142.7 million, pushing its holdings to a record 847,666 BTC. Tom Lee's Bitmine picked up 17,362 ETH worth about $47 million, bringing it to 4.9% of Ethereum's supply.
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Bitcoin Standard Treasury Company ukončila plánovanou fúzi se SPAC Cantor Equity Partners I a zůstane soukromá. Firma chce návrat na veřejné trhy až po zlepšení podmínek a vlastní struktury.
Adam Back’s Bitcoin treasury firm has officially ended its planned merger with Cantor Equity Partners I, stepping back from what would have been one of the more ambitious crypto public listings in recent memory. Bitcoin Standard Treasury Company, known as BSTR, terminated the deal on August 20, 2026, after a shareholder vote was delayed so many times it started to feel less like a postponement and more like a slow goodbye.
The company’s CIO, Sean Bill, confirmed the firm will stay private until both market conditions and its internal structure are in better shape. That’s a significant pivot for a company that once styled itself the “Berkshire Hathaway of Bitcoin” and had a Nasdaq debut firmly in its sights.
What the deal looked like before it unraveled BSTR was not approaching this merger quietly. The company had assembled an initial balance sheet of approximately 30,021 BTC, valued at over $3 billion at the time of the planned listing. Of that, 25,000 BTC came from founders, with the remaining 5,021 BTC contributed through in-kind PIPE financing.
The broader PIPE structure was substantial: up to $1.5 billion in total, broken into $400 million in common equity, up to $750 million in convertible securities, and a layer of preferred equity on top. The overall deal was valued at roughly $4 billion, which would have made it a serious entrant into the increasingly crowded Bitcoin treasury company space.
The shareholder vote that was supposed to seal the deal was originally set for sometime in June or July 2026. It got pushed to July 10. Then it got pushed again, indefinitely. By the time BSTR officially walked away in August, the repeated delays had already told most of the story.
The executive bench BSTR assembled was notable. President Katherine Dowling and CFO Bob Stefanowski, who joined in February 2026, rounded out a leadership team that leaned heavily on traditional finance credibility alongside Back’s Bitcoin reputation.
What comes next for BSTR and the treasury company model The company has signaled it has not abandoned public market ambitions entirely. The framing from Bill is a pause, not a permanent exit: revisit the structure, wait for better conditions, then come back.
The active management positioning BSTR adopted also sets it apart from companies like MicroStrategy, which operates as a more passive accumulator. BSTR’s pitch was that it would do more than hold Bitcoin, focusing on yield generation in addition to long-term holding.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
XRP Ledger má zhruba za 11 dní aktivovat dvě klíčové úpravy: Batch a Permission Delegation. Cílí na bezpečnější firemní platby a správu oprávnění pro instituce.
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The XRP Ledger (XRPL) is preparing to launch major upgrades that will open up new commercial uses for the network. According to Vet, the community lead at the XRPL Foundation, two fundamental amendments — Batch and Permission Delegation — have reached the final stage of validator voting.
About 11 days remain before both are fully activated on mainnet.
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The upgrades are aimed directly at the corporate sector. They address key barriers that have prevented large financial institutions from safely using XRPL to automate payments and complex, structured transactions.
The XLS-56 feature eliminates the risk of funds becoming stuck in a commercial settlement if one party fails to meet its obligations. XLS-75, in turn, addresses strict banking security requirements by allowing organizations to distribute operational roles flexibly.
XRP Ledger's Vet highlights the 11-day countdown to major XRPL protocol amendments via XRPScan data. Source: @Vet_X0 / X.comThe upcoming upgrade centers on two automation tools:
Atomic batches (BatchV1_1 and fixBatchV1_2 amendments): Validator support currently stands at 85–94%, with activation expected on October 9, 2026. The feature allows multiple operations to be combined into a single, indivisible batch that executes on an "all or nothing" basis.Permission delegation (PermissionDelegationV1_1): The amendment has secured 82% support and entered its waiting period. Activation is scheduled for October 5, 2026. It allows organizations to delegate account permissions to third-party services or departments without revealing the primary private key.Both features are expected to support institutional-grade account management. Meanwhile, validators are also gathering votes for the related fixCleanup3_4_0 amendment, which is needed to stabilize AMM pools in the recent xrpld v3.4.0 software release.
A parallel development: Why one of XRPL's principal creators has returnedThe ecosystem's push into the corporate market is also accompanied by a return of technical expertise. Nik Bougalis, a key cryptographer and Ripple pioneer who left the project in 2022, has officially returned to work on the XRPL core.
In his high-level plan, he has already proposed a substantial overhaul of the ledger's low-level architecture. Moving the network to 64-bit components and eliminating raw pointers are intended to significantly improve the ledger's security ahead of potential institutional demand.
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Activating these features in the code creates a foundation; it does not bring an immediate influx of liquidity. The speed at which major fintech companies incorporate the tools into real products will determine whether this technological upgrade becomes a driver of long-term demand for the native coin, XRP.
XRP ETF od Franklin Templeton (XRPZ) překonal 500 milionů USD v kumulativních čistých přílivech a stal se druhým spotovým XRP fondem nad touto hranicí. K milníku mu pomohl příliv 4,29 milionu USD.
Franklin Templeton’s XRP ETF (XRPZ) has become the second spot XRP fund to cross the $500 million mark in cumulative net inflows.
The fund reached the milestone after the U.S. spot XRP ETF market recorded a strong inflow on Sept. 25. Specifically, the five spot XRP ETFs attracted a combined $22.65 million, marking their largest single-day inflow in the past month.
Only two XRP ETFs contributed to the Sept. 25 total. The Bitwise XRP ETF, XRP, recorded $18.39 million in inflows, accounting for 81% of the day’s total. Franklin’s XRPZ brought in the remaining $4.26 million.
Although Franklin’s inflow was much smaller than Bitwise’s, it was enough to push XRPZ’s cumulative net inflow from $496.7 million to $500.99 million at press time.
This marked the first time the fund had crossed the $500 million level since its launch. For context, XRPZ reached the milestone about ten months after launching in late November 2025.
Franklin XRP ETF Sees Strong Inflows in 2026 Notably, by the end of 2025, XRPZ had recorded $242.58 million in cumulative net inflows. This indicates that the fund has attracted more than $258 million in additional capital this year, despite XRP’s continued price struggles.
Of this figure, XRPZ has brought in $38.13 million in inflows so far in September. XRP’s price recovery since August has helped bring renewed interest to regulated XRP investment products.
Franklin Templeton XRP ETF | Source: Sosovalue With $38.13 million in monthly inflows, September has become XRPZ’s third-best month, behind January with $59.83 million and May with $41.82 million.
September has also produced the highest trading volume for Franklin’s XRP ETF. The investment product has recorded $217.9 million in trading volume so far this month, beating its previous record of $176.44 million set in December 2025.
Franklin Moves Further Ahead of Canary The latest $22.65 million inflow also pushed the combined cumulative net inflows across all five XRP ETFs to $1.79 billion. The total has continued to rise after falling to $1.39 billion on Sept. 17.
With XRPZ now at $500.99 million, Franklin has strengthened its position as the second-largest XRP ETF by cumulative net inflows. Canary Capital’s XRP ETF (XRPC) remains third with $489.37 million.
XRPC launched as the first pure spot XRP ETF in the U.S. market and initially had the first-mover advantage. However, Bitwise and Franklin have moved ahead of Canary this year. Currently, Bitwise remains the largest XRP ETF by cumulative net inflows, with $676.29 million.
Canary’s XRPC has also struggled to attract new capital in September. The fund has not recorded a single day of inflows since Sept. 1, when it received $3 million. It has recorded zero flows since then, apart from a $1.37 million outflow on Sept. 17.
XRPC now needs about $10.6 million in additional inflows to become the third XRP ETF to cross the $500 million cumulative net inflow mark.
Rippleův stablecoin RLUSD dosáhl nového maxima tržní kapitalizace a od začátku roku vzrostl o více než 86 % na zhruba 2,49 miliardy USD. Tím se přibližuje PYUSD od PayPalu, který má asi 2,73 miliardy USD.
Ripple’s stablecoin RLUSD has reached a new market capitalization high, with growth exceeding 86% since the beginning of the year. According to current data, the circulating supply of RLUSD has risen to approximately $2.49 billion. The stablecoin’s market capitalization was around $1.33 billion at the beginning of 2026. Thus, RLUSD has recorded growth of over 86% since the start of the year.
The market capitalization gap between RLUSD and PYUSD, issued by PayPal, is also rapidly closing. PYUSD currently has a market capitalization of approximately $2.73 billion, reducing the difference between RLUSD and PYUSD to around $248 million.
Data from the past week has revealed differing trends between the two stablecoins. While the supply of RLUSD increased by approximately $112 million, the supply of PYUSD decreased by approximately $61 million. PYUSD started 2026 with a supply of approximately $3.531 billion and peaked at $4.214 billion on March 5th. The stablecoin’s supply has declined by approximately 35 percent since that peak.
In terms of RLUSD distribution across networks, both XRP Ledger and Ethereum saw growth. Between September 21-28, the RLUSD supply on XRP Ledger increased from $1.036 billion to $1.099 billion, an increase of approximately $63 million. Similarly, the RLUSD supply on Ethereum rose from $1.343 billion to $1.39 billion during the same period, an increase of approximately $49 million.
Currently, approximately 44% of the total RLUSD supply is held on the XRP Ledger, while 56% is held on Ethereum.
While the total size of the global stablecoin market is approximately $306 billion, RLUSD’s market share remains relatively low. However, Ripple has recently accelerated its efforts to increase the use of RLUSD, particularly on the XRP Ledger.
*This is not investment advice.
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ether.fi do konce čtvrtletí přeruší poslední strukturální vazbu na EigenLayer, protože v restakingu už nevidí smysluplný výnos. Restaking drží 10,02 mld. USD, ale za poslední týden vygeneroval jen 99 977 USD na poplatcích.
Ether.fi will sever its last structural tie to EigenLayer this quarter, leaving under 1% of assets restaked, and CEO Mike Silagadze says the exit came down to risk with no meaningful yield left in restaking.Restaking secures $10 billion but generated just $99,977 in fees over a week, while plain liquid staking earns roughly 53 times more per dollar secured.The five largest remaining liquid restaking tokens made $953,350 in combined gross profit last quarter, down from $2.18 million three quarters earlier.By the end of this quarter, ether.fi will have cut the last structural link between its staking tokens and restaking protocol EigenLayer. Protocol documentation put under 1% of assets still restaked as of August with EigenPod withdrawal credentials due to be removed by the end of the year.
When ether.fi launched in 2024, deposits were restaked on EigenLayer automatically. In August the company stripped restaking out of weETH, the version of its token that circulates and is accepted as collateral across DeFi, leaving it as a plain liquid staking token. Anyone who still wants restaking has to opt into a separate token built on Symbiotic, a rival platform.
Mike Silagadze, ether.fi's chief executive, said the decision came down to risk. "There were no meaningful yield opportunities in restaking and there was some perceived risk from stakers, so we decided it made sense to exit," he told CoinDesk.
What restaking was meant to beStaking means locking up ETH to help secure Ethereum, in return for a yield. Restaking was the idea that the same locked ETH could do a second job: EigenLayer would rent that security out to other services, such as oracles and data availability layers, which would pay for the protection. Depositors would earn twice on one pot of money. Liquid restaking tokens sat on top of that, giving depositors a tradable receipt that they could sell or use as collateral elsewhere rather than locking their ETH away and waiting. weETH was the largest of them.
EigenLayer held $19.7 billion at its peak and liquid restaking tokens grew more than 1,000% in the first six weeks of 2024. But the services buying security never paid enough to cover both the base staking yield and a premium on top, so the second yield restaking promised never materialized.
On Sept. 8, DefiLlama's restaking category held $10.02 billion and generated $99,977 in fees over the prior week. The liquid staking category, on $51.87 billion, generated $27.35 million. Per dollar secured, ordinary staking earns roughly 53 times more.
Restaking earns almost nothing (CoinDesk/Oliver Knight)Two developments then removed what was left of the incentive to restake. Points programs subsidizing deposits wound down through 2025, and slashing went live in April 2025. Slashing is the penalty that confiscates part of an operator's staked ETH when it misbehaves, by going offline or signing conflicting messages, for example. So restaking suddenly carried a real, priced downside where before the risk had been theoretical. There was no extra yield to compensate.
Set ether.fi aside and the rest of the sector is small. Renzo, Kelp, Swell, Puffer Finance and Bedrock, the five largest remaining liquid restaking tokens, made $953,350 in combined gross profit in the second quarter of 2026. Three quarters earlier the same five made $2.18 million. Puffer, which raised $23 million, recorded $21,590 for the quarter. Swell recorded $22,370.
The income statements also show which part of these businesses was ever profitable, and it was not the restaking. On Kelp's books, EIGEN token rewards appear at $460,600 in gross revenue and $460,600 in cost of revenue: they arrive and pass straight to depositors, leaving nothing with the protocol. Puffer and Swell book staking rewards the same way. Whatever profit these companies made came from the orinary staking fees charged underneath the restaking layer.
The hackOn April 18, an attacker exploited Kelp's cross-chain bridge, the system that moves its token between blockchains, and created 116,500 rsETH in 46 minutes, worth about $293 million, with no ETH backing it. The attacker deposited the tokens into Aave as collateral and borrowed real ether against them. Around $6 billion left Aave in the days that followed, with potential bad debt of $123 million to $230 million. In May, Aave rewrote its collateral listing standards to assess cybersecurity and technical architecture alongside price volatility.
Silagadze objects to reading the incident as a failure of leverage. "The cause of the Kelp hack was poor security practices with respect to cross-chain, not related to leverage," he said. "The ether.fi Aave market has very conservative parameters and we have a strong commitment to security."
He is right that EigenLayer itself did not fail. Nothing was slashed, no restaking mechanism broke, and the weak point was a bridge. But that is exactly what made the hack so damaging for liquid restaking tokens. The money was lost in the wrapper, the tradeable receipt sitting on top of the restaking, rather than in the restaking itself. By April, anyone holding one of these tokens was accepting an extra piece of software that could be attacked, and getting no extra yield in return. The wrapper had stopped paying for itself.
Where the money wentThe capital leaving restaking did not leave crypto lending, it moved from ETH into dollars.
In 2024 the pattern was: stake ETH, restake it, wrap it in a liquid restaking token, borrow against that and buy more, stacking exposure to a single asset. By 2026 the same behavior runs through curated vaults. A curated vault is a lending pool where an outside firm, known as a curator, rather than the lending protocol itself, decides which assets the pool accepts and on what terms, in exchange for a share of the fees. Morpho, the largest venue for this, holds around $5.8 billion.
As in restaking, the token a depositor holds is a receipt whose risks are set by someone else and accepted as collateral by a third party.
Curated vaults have already produced their own version of the Kelp collapse. On Nov. 4, 2025, Stream Finance disclosed roughly $93 million of losses and froze withdrawals. Its xUSD token, a yield-bearing dollar token meant to hold its value at $1, fell 77% in a day. Curators had built vaults on Morpho where depositors supplied real stablecoins against xUSD, and the borrowed stablecoins were used to buy more xUSD, inflating the token far beyond what actually backed it. Those markets valued xUSD at a fixed $1 rather than its market price, so when the real price fell, the automatic liquidations that should have closed the loans never triggered. Researchers later mapped roughly $285 million of debt exposure across lending platforms. A second dollar token, 65% backed by loans to Stream, fell about 98% and was wound down.
The exit from restaking left ether.fi with the question every liquid restaking protocol now faces: What is the business, once the thing it was built on stops paying? Its answer was to stop being a staking company.
Ether.fi’s second actEther.fi now runs a card that lets users spend against their crypto without selling it, a borrowing market on Ethereum layer-2 network Optimism and a set of vaults, and describes itself as a crypto neobank. In August it added tokenized stocks, metals and fiat rails. Silagadze puts the neobanking market at roughly $300 billion in annual revenue, about 300 times DeFi's.
The card took its share of monthly revenue from 17% in January to 46% in July. "Neobank revenue has fully replaced the revenue lost from restaking and lower ETH price," Silagadze said. "We are on track to increase revenue overall run rate this year by about 38%, while staking and restaking revenue has declined by 70%. Diversification of our revenue has been a huge success."
DefiLlama's figures show a different trend over roughly the same period, with ether.fi's gross profit falling 47% from $18.71 million in the third quarter of 2025 to $9.99 million in the second quarter of 2026. Both can be true, since gross revenue is not gross profit and a forward run rate is not a trailing quarter, but ether.fi has not published the basis for the 38%.
ether.fi's gross profit by source in Q2 2026 (CoinDesk/Oliver Knight)Card fees produced $3.14 million of gross profit in the second quarter. EigenLayer restaking produced $2.87 million, ahead of core ETH staking and ahead of vault fees, borrowing and management fees combined. On DefiLlama's accounting, restaking was ether.fi's second most profitable line at the point it decided to leave.
Silagadze disputes one input into DefiLlama’s figures. Cashback, the rewards paid to card users, appears in DefiLlama's figures at $5.83 million in both revenue and cost of revenue, which means it adds nothing to profit "That was back when third-party partners were paying the cashback rewards," he said. "That's no longer the case, so current revenue reporting doesn't include cashback subsidy grants." DefiLlama's adapter still books it on both sides through the most recent quarter.
He also says users were told about changes as ether.fi made them. Moving the cash vaults onto Aave replaced a custom-built debt manager and reduced risk, he said: "Users were notified multiple times and opted in to this change."
The technology was never the problemNone of this is to say the technology failed. EigenDA, EigenLayer's data availability service, runs on mainnet at 100 MB/s and remains the largest service by value secured. Symbiotic, where ether.fi moved its own restaking, has integrated more than 50 networks.
The question was never whether restaking works. It was whether it generates enough revenue to justify building a business on it, and for the protocols that made restaking their entire product, the answer has been no.
EigenLayer has also stopped selling restaking as the product. Rebranded as EigenCloud, it now markets verifiable computing, which lets applications prove that work done off-chain was carried out correctly, with restaked collateral as the layer underneath rather than the thing on sale. Its holdings stand at $5.10 billion, down from $22.06 billion in August 2025.
What the sector has not settled is whether a market that shrank roughly 75% while continuing to secure everything it secured before has failed, or whether it was simply four times larger than the work required. Silagadze did not wait to find out. He moved ether.fi out of restaking while the argument was still running.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
BitMine koupila za poslední týden 17 362 ETH za 46,82 milionu USD a její držba přesáhla 6 milionů ETH. Firma tak dál drží pozici největšího korporátního držitele etheru.
BitMine Immersion Technologies, recognized as the world’s largest Ethereum treasury firm, has once again demonstrated its commitment to Ethereum by significantly increasing its holdings. The company, chaired by Tom Lee, acquired 17,362 ETH over the last week, valued at $46.82 million, according to onchain monitoring platform Lookonchain.
Major Ethereum acquisition during market dipBitMine’s latest purchase coincided with a period of softness in the cryptocurrency market, with Ethereum falling below its recent peak near $2,700. Despite this dip, the company maintained its regular buying pattern, taking advantage of lower prices to add to its position.
Onchain data suggests that this transaction fits into BitMine’s broader strategy of long-term accumulation rather than short-term speculation. By increasing its Ethereum holdings while prices slipped, BitMine has reinforced its approach of building reserves through market downturns.
As BitMine increased its purchase activity during a market pullback, its treasury exceeded the significant threshold of 6 million ETH, confirming its role as Ethereum’s largest corporate holder.
After the recent acquisition, BitMine now holds more than 6 million ETH, worth approximately $16 billion given current market prices. This holding represents around 4.9% of Ethereum’s total circulating supply, underscoring the firm’s substantial influence within the Ethereum ecosystem.
The company’s growing treasury sets it apart from other corporate holders, allowing BitMine to maintain a dominant position in Ethereum reserves.
EntityEthereum HoldingsMarket ValuePercentage of Circulating SupplyBitMine Immersion Technologies6,000,000 ETH$16 billion4.9%All other known corporate holders (combined)Below 1,500,000 ETH<$4 billion<1.2%Mini dictionary: BitMine Immersion Technologies is a major corporate digital asset manager specializing in Ethereum treasury strategy and long-term blockchain investments.
Impact on market sentimentWhile some retail investors appeared unsettled by the recent downturn in crypto prices, BitMine’s sizable purchase signaled a vote of confidence in Ethereum’s medium-term prospects. Tom Lee’s continued backing of Ethereum through these acquisitions has drawn attention within the industry, bolstering morale among institutional participants.
BitMine’s consistent accumulation also sets an example for larger crypto stakeholders, emphasizing a disciplined approach over reacting to short-term market volatility.
The steady increase in BitMine’s Ethereum reserves has reinforced its market leadership and highlighted the firm’s confidence in blockchain assets.
Cardano Foundation uzavřela víceletou spolupráci s UCLA Anderson Venture Accelerator. Cardano Academy se od roku 2027 zapojí do blockchainového kurikula a pět startupů získá stipendia Cardano Fellowships.
Cardano Foundation Partners with UCLA Anderson@Cardano_CF has signed a multi-year partnership with the Venture Accelerator at UCLA Anderson School of Management (@uclaanderson), marking one of the more concrete moves by a major blockchain network to embed itself inside a top-tier business school.
Under the agreement, Cardano Academy content will be built directly into UCLA's blockchain course curriculum starting in 2027. The integration is designed to give students structured, research-grounded exposure to @Cardano's protocol and real-world enterprise applications. The Cardano Academy has previously expanded its reach through enterprise-focused programs, including an AI and Blockchain for Business Leaders course.
The partnership is not purely academic. The Venture Accelerator at UCLA Anderson supports standout startups across the UCLA entrepreneurial ecosystem , and the Cardano tie-up adds a dedicated blockchain track to that framework.
Fellowships, a Masterclass, and a Sponsored CertificateThe collaboration kicks off on October 19 with a masterclass focused on enterprise Web3 and AI agents. Attendees will leave with a sponsored certificate, giving the event a tangible credential component from day one.
Beyond the classroom, five early-stage startups at UCLA will receive Cardano Fellowships covering funding, mentorship, and the opportunity to build directly on @Cardano. The fellowship structure mirrors the foundation's existing accelerator model. The Cardano Accelerator Program combines tailored coaching, technical guidance, business workshops, and strategy sessions led by the Cardano Foundation and its network of industry collaborators.
The UCLA deal is the latest in a series of institutional moves by the foundation. The Cardano Foundation recently launched a multi-year partnership with SENAI São Paulo bringing blockchain education and industrial applications to Brazilian industry. The Los Angeles announcement extends that push into the United States, targeting one of the country's most active startup ecosystems.
For $ADA, the practical significance lies in developer and founder pipeline. Embedding Cardano tooling and curriculum at UCLA Anderson gives the network early access to a cohort of business-school-trained founders who may choose to build on the protocol rather than on competing chains.
Sources:
Venture Accelerator at UCLA Anderson, 2026 Cohort Showcase
Cardano Accelerator Program, Cardano Foundation
Cardano Foundation Newsroom
Americký Senát uvedl, že íránský režim masivně využíval USDT od Tetheru k obcházení sankcí. Íránská centrální banka měla nashromáždit nejméně 507 milionů USDT.
The US Senate Permanent Subcommittee on Investigations has turned its spotlight on the world’s largest stablecoin issuer, finding that the Iranian regime widely used Tether’s USDT token to evade international sanctions. The inquiry, led by Sen. Richard Blumenthal, lays out a trail of hundreds of millions of dollars in USDT flowing through wallets connected to Iranian oil transactions, the country’s central bank, and entities aligned with Iran’s Revolutionary Guard Corps.
Iran’s Central Bank has reportedly accumulated at least $507 million in USDT to keep its economy functioning under heavy financial restrictions.
The paper trail and the crackdown The investigation draws on blockchain analysis and reporting from The Wall Street Journal and Fortune, which documented USDT transfers tied to illegal Iranian oil sales and support for IRGC-linked groups. On June 4, 2026, Blumenthal sent a formal records demand to Tether seeking documentation about USDT’s role in Iranian and Russian shadow banking networks.
That demand came just two days after the Office of Foreign Assets Control sanctioned four Iranian cryptocurrency exchanges: Nobitex, Wallex, Bitpin, and Ramzinex. OFAC cited ties between those platforms and IRGC money laundering operations, effectively cutting them off from the legitimate financial system.
On September 14, 2026, the Department of Justice filed a civil forfeiture complaint in New York seeking to seize approximately $61.2 million in USDT from wallets that processed illicit proceeds from Iranian black-market oil sales. The complaint alleges those funds directly benefited the Iranian government.
All of this falls under an umbrella operation the government has dubbed “Operation Economic Fury.” Since April 2026, nearly $1 billion in Iran-linked digital assets have been sanctioned or frozen under the initiative.
Tether’s response: cooperation or damage control? Tether froze over $344 million in USDT in April 2026 tied to wallets linked to Iran’s Central Bank. It followed that up with an additional $131 million freeze in July 2026 targeting the same network.
Combined, those freezes represent roughly $475 million in sanctioned assets that Tether locked at the token level. The ability to freeze specific wallets is a feature baked into Tether’s smart contract. The gap between “we freeze assets when told to” and “we proactively prevent sanctions evasion” is the exact territory this Senate investigation is probing.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Tether uvedl, že v roce 2026 pomohl zmrazit celkem 550 milionů USD v USDT napojených na íránské finanční sítě. Zásah mířil na peněženky spojené s centrální bankou Íránu a IRGC.
@Tether has confirmed it helped freeze a cumulative $550 million in $USDT linked to Iranian financial networks in 2026, acting alongside the US Treasury and its sanctions enforcement arm, the Office of Foreign Assets Control (OFAC). The actions target wallets connected to both the Central Bank of Iran and the Islamic Revolutionary Guard Corps (IRGC).
A Year of Escalating Freezes The total has built up across two major enforcement actions.
The April freeze was the larger of the two. The July action followed a fresh OFAC designation.
Operation Economic Outcast and Broader Compliance The freezes sit within a wider US campaign.
The company has positioned itself as an active enforcement partner rather than a passive participant. Those relationships now extend to agencies including the Department of Justice, the FBI, and the Secret Service.
, a capability that has made $USDT a central tool in US sanctions policy toward Iran.
Sources:
Securities.io: Tether Says 2026 Iran-Linked USDT Freezes Total About $550 Million
CoinDesk: Tether's $344 Million USDT Freeze Linked to US Economic Fury Against Iran
TRM Labs: OFAC Sanctions Crypto Addresses Associated with the Central Bank of Iran
BNB Chain jmenoval Thomase Chena novým Chief Business Officerem, který se zaměří na strategii příjmů, institucionální partnerství a růst ekosystému. Chen chce přivést na síť více emitentů stablecoinů, platforem pro reálná aktiva a institucionálního kapitálu.
BNB Chain has appointed Thomas Chen as Chief Business Officer, a new leadership role focused on revenue strategy, institutional partnerships, and long-term value accrual for the BNB Chain ecosystem.
Chen brings 15 years of career experience, including more than seven years building teams across digital asset infrastructure. His background covers custody, market structure, and institutional sales, working with institutions in both traditional finance and DeFi.
He joins from Function, a Bitcoin yield protocol that scaled to $1.6 billion in total value locked, where he served as CEO. Previously, he was Managing Director and Global Head of Sales at BitGo, where he grew assets under custody to more than $100 billion and helped set the company’s course toward an IPO.
Thomas Chen, Chief Business Officer at BNB Chain, said: “My focus is making sure that activity settles here - more volume, deeper markets, and the institutional infrastructure serious capital requires before it moves onchain.”
In his new role, Chen’s remit covers four areas:
Institutions and capital markets: Working with asset managers, banks, custodians, and real-world asset issuers, alongside the confidentiality and compliance infrastructure regulated institutions require before transacting onchain.Stablecoins and settlement: Developing issuer partnerships, cross-border payment infrastructure, and payment flows for AI agents.Trading and liquidity: Working with market makers, exchanges, and trading venues to deepen market quality and onchain volume.Ecosystem and distribution: Working with protocols, wallets, and market infrastructure to connect builders with distribution across the ecosystem.Chen will apply his experience to BNB Chain’s focus on bringing more stablecoin issuers, real-world asset platforms, and institutional capital onto the network.
Stellar (XLM) překonal historický rekord v rychlosti transakcí na 217,4 TPS. Tahounem byly tokenizované státní dluhopisy a evropské pokladniční nástroje.
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The Stellar (XLM) blockchain network has officially broken its all-time transaction speed record. According to analytics tracker Chainspect, the network reached a peak of 217.4 transactions per second (TPS) over a 100-block window. The previous record of approximately 211 TPS stood for less than two weeks.
The surge in throughput was driven by a real influx of institutional capital, rather than artificial stress tests.
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The main technical driver of the record was the Protocol 28 (Adapter) upgrade, activated in mid-September. It introduced an accelerated consensus mechanism that lets validators begin voting before the entire batch of transactions has been delivered. This eliminated minor delays during peak demand.
At the same time, an update to the Soroban smart contract platform optimized its handling of large data sets.
Less hype, more money: Why just 72 projects drove the recordStatistics on the global market for tokenized real-world assets (RWAs) help explain how the network reached its new performance record. As of September 27, Stellar ranked fourth worldwide by RWA value, with $3.38 billion, behind only Ethereum ($16.54 billion), BNB Chain ($5.67 billion) and Solana ($4.35 billion).
The composition of capital on Stellar differs sharply from that of its competitors. The network has just 72 active RWA projects, putting the average value per project at a record $47 million.
By comparison, that figure is $5.7 million on Ethereum and $1.4 million on Solana. Stellar has effectively become a specialized platform for large institutional holdings.
Exponential growth of tokenized real-world assets (RWA) on the Stellar network, reaching over $3.38B in late September 2026, Source: rwa.xyzThe main transaction flow taxing Soroban smart contracts and pushing the network to record speeds comes from tokenized government bonds and European treasury instruments.
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More than a third of the network's total RWA value is held by the Spiko Amundi Overnight Swap Fund (EUR), at $1.16 billion. Other major holdings include Ondo U.S. Dollar Yield (USDY) at $536 million and Franklin Templeton's tokenized BENJI bonds at $431 million. Concurrent yield accrual, issuance and redemption operations across these funds drive current TPS sharply higher.
A second factor is the high turnover of stablecoins. Despite their modest $437.73 million market capitalization on Stellar, monthly transfer volume reaches $9.44 billion, indicating continuous use in real cross-border payments.
According to Chainspect, Stellar consistently processes 120–180 TPS in real time, significantly outpacing Ethereum (~20 TPS). Its new peak of 217.4 TPS remains below the record figures for Solana or Aptos (11,000+ TPS). Yet with a theoretical ceiling of 3,351 TPS, Stellar is operating at less than 10% of its capacity.
Instead of racing for the highest possible throughput, the platform offers businesses fixed fees of $0.0001 and near-instant settlement finality (around 5 seconds), a key requirement for the traditional finance sector.
Succinct přidal do Chainlink CCIP 2.0 ověřování s nulovými znalostmi Cross-Chain Verifier pro ověřování převodů z Etherea na jiné EVM řetězce. Nový modul je zatím v testnetu na lince Ethereum Sepolia–Arbitrum Sepolia.
In Chainlink’s latest 2.0 upgrade to the Cross-Chain Interoperability Protocol (CCIP), Succinct has introduced a zero-knowledge cryptography Cross-Chain Verifier (CCV). This offering will support high-value transfers from Ethereum to any other EVM chain. Any party, from asset issuers to banks, can add Succinct’s CCV to require a ZK proof of Ethereum’s finality before funds move.
This is a game-changing capability for institutions as they move billions of dollars onchain. CTOs and CISOs want multiple layers of security that provide defense in depth, and ZK is becoming a critical component. Succinct is ready to meet this moment, with over $18 billion TVL secured for teams like Coinbase, Polygon, and Optimism.
The new ZK module is currently available in testnet, on Chainlink CCIP’s Ethereum Sepolia to Arbitrum Sepolia lane. Stay tuned for news about the mainnet deployment.
Why institutions need proof, not trustInstitutional demand for blockchain rails has exploded in 2026. As of Q3 2026, stablecoin supply exceeded $300 billion, and adjusted transaction volume reached $8.8 trillion in the first half of 2026. Tokenized real-world assets are following close behind. Onchain RWAs issued by asset managers, banks, and payment providers hit $38 billion, up more than 400% since early 2025.
This capital is not loyal to any one chain. Issuers deploy wherever their users and liquidity are, across dozens of chains like Ethereum, Solana, Base, Polygon, Arbitrum, and Optimism. Cross-chain infrastructure is therefore a core requirement of issuance itself.
But blockchains cannot natively interact with each other. When a user moves 10 million USDC from Ethereum to Solana, Solana has no way to check that the transfer happened. Some party that sits between the chains has to attest that it did. The attestation can happen via a multisig, a federated validator set, a decentralized oracle network, or, more recently, a cryptographic proof. Each approach uses a different security model. When something breaks, the results can be catastrophic: bridge hacks have cost users more than $3.6 billion to date.
Cryptographic proofs add a new way to verify cross-chain activity. A zero-knowledge proof is a compact piece of data encoding a claim about Ethereum: that a specific block was finalized by its validators, and that the transfer is recorded in it. The destination chain can verify the proof directly, reducing the need to rely on an intermediary for that claim. In CCIP 2.0, Succinct’s ZK-based CCV can be required alongside CCIP’s default verification path, adding an independent cryptographic check. This creates defense in depth rather than relying on a single verification mechanism.
How Succinct and Chainlink work togetherChainlink CCIP securely moves assets and messages between blockchains. Every transfer travels over a “lane” that pairs a source chain and a destination chain. Before a transfer can execute on the destination chain, a verifier has to attest that it happened on the source chain.
CCIP starts with a secure-by-default foundation, via Chainlink’s Committee Verifier of 16 independent, security-reviewed node operators. These sybil-resistant decentralized oracle network (DON) must reach consensus for every cross-chain transaction. CCIP 2.0 adds support for independent Cross-Chain Verifiers (CCVs) from third parties. These CCVs strengthen the security guarantees for each lane.
Succinct’s CCV is built on SP1 Helios, our zero-knowledge Ethereum light client, which adds another check to CCV-enabled transactions. SP1 Helios generates proofs that a given block was finalized under Ethereum’s consensus rules, and those proofs can be verified on any destination EVM chain. In a configuration using Succinct’s CCV, both verification paths must succeed before the transaction can execute.
Every transfer that uses Succinct’s CCV moves through three stages:
Send. A user sends a CCIP message on a ZK-enabled lane. When the message is emitted on Ethereum, the CCIP relayer requests a ZK proof.Prove. The operator, an offchain service operated by Succinct, proves that Ethereum has finalized the message's block. The proof is submitted to the destination chain.Verification. Once the proof is verified by the default Chainlink Committee Verifier and Succinct’s CCV on the destination chain, CCIP executes the transaction by minting or releasing tokens. This workflow provides a powerful new option for institutions and protocols who are making high-value transfers onchain. Because Succinct’s CCV provides additional verification on top of the default Chainlink Committee Verifier, the transfer is protected by multiple layers of defense. The transaction only executes when both paths are confirmed.
What’s nextThe new Succinct CCV is currently in testnet on Chainlink’s Ethereum Sepolia to Arbitrum Sepolia lane. Mainnet deployment and additional lanes will follow shortly.
If you issue a token, run a protocol, or move institutional capital, reach out to experience the power of ZK security.
syrupUSDC, syrupUSDT a syrupUSDG přecházejí na Chainlink CCIP 2.0 od 29. září 2026, který má zrychlit bridging a otevřít cestu k nativnímu mintování a redeemování na dalších blockchainech. Pro držitele se nic nemění.
We're upgrading syrupUSDC, syrupUSDT, and syrupUSDG to Chainlink CCIP 2.0, starting September 29th 2026. Chainlink is rolling out CCIP 2.0 across every token that uses the protocol, and syrupUSD assets are moving over as part of that rollout.
The upgrade will make bridging syrupUSD assets faster and enable native minting and redemption on chains beyond Ethereum in the future. Nothing changes for holders or integrators, but you'll see visible onchain activity during the transition.
Why CCIP matters for syrupUSDsyrupUSD assets are minted and redeemed on Ethereum, but a growing share of holders use them elsewhere. CCIP is the cross-chain protocol that makes that possible. It lets us offer syrupUSD on 11 chains beyond Ethereum: Arbitrum, Arc, Base, BNB, Ink, Mantle, Monad, Plasma, Robinhood, Solana, and Tempo.
When syrupUSD assets leave Ethereum, CCIP holds them in a LockRelease token pool on Ethereum and mints the matching supply available on the destination chain. Both the LockRelease token pools on Ethereum and the token pools on the receiving chains are being upgraded.
What gets betterFaster bridging: Moving syrupUSD assets between chains takes less time under CCIP 2.0, so holders can move capital where they want to use it with a shorter wait.
A path to native minting and redeeming. Today, minting and redeeming syrupUSD assets happens on Ethereum. CCIP 2.0 opens the path to doing both directly on the chain you're already on. That removes a step for holders on other chains, and we'll share more as it goes live.
What doesn't changeToken addresses stay the same on every chain. If you hold syrupUSDC, syrupUSDT or syrupUSDG on Base, Solana, or any other supported chain, your balance and the token contract stay exactly as they are today.
Integrations will keep working without changes, and holders don't need to take any action, there's nothing to claim, migrate, or approve.
What you'll see onchainBecause the upgrade replaces the CCIP token pools, those watching onchain will see two kinds of activity as each chain and asset upgrades:
Liquidity moving from the current CCIP LockRelease token pools on Ethereum to new LockRelease token poolsNew CCIP token pool addresses on Arbitrum, Arc, Base, BNB, Ink, Mantle, Monad, Plasma, Robinhood, Solana, and TempoThese transfers are part of the planned upgrade.
TimingUpgrades start this week and roll out chain by chain through Q4. Chains won't all upgrade at once, so you may see pool changes on one chain weeks before another.
We'll publish each new pool address in our crosschain docs as it goes live.
If you integrate syrupUSD and have questions about the upgrade, contact the Maple team today.
FAQsDo I need to do anything? No. Holders and integrators don't need to take any action.
Will my syrupUSDC, syrupUSDT, or syrupUSDG token address change? No. Token addresses stay the same on every chain.
Why is liquidity moving on Ethereum? The current CCIP LockRelease token pools don’t support the functionality which comes with CCIP 2.0 to enable faster bridging and more granular limits. The token pools themselves are non-upgradeable, so the liquidity must be migrated to upgraded token pools which support CCIP 2.0 functionality.
When does my chain upgrade? Chains upgrade one at a time through Q4. Our docs will list each new token pool address as it goes live.
Is native mint and redeem available now? Not yet. CCIP 2.0 opens the path to it, and we'll announce when it's live.
Chainlink spustil CCIP 2.0 a institucím nově umožňuje provozovat vlastní ověřovatele převodů mezi blockchainy. Výchozí síť výboru 16 nezávislých operátorů zůstává, ale Risk Management Network už v aktuálních nasazeních nehraje aktivní roli.
In brief Chainlink launched CCIP 2.0 on Monday, letting institutions operate their own custom verifiers instead of depending solely on Chainlink's default network. The upgrade lands five months after LayerZero-linked Kelp DAO lost $292 million to hackers tied to North Korea, a hack that pushed Kraken and Lombard to Chainlink. Chainlink's own docs confirm "the Risk Management Network's automated offchain role is no longer active in current CCIP deployments," ending its job as an independent second check on transfers. Chainlink today launched CCIP 2.0, the newest version of its cross-chain plumbing—the software layer banks and crypto projects increasingly use to move tokenized money, like stablecoins, wrapped Bitcoin, and tokenized funds, between blockchains without building a bridge from scratch.
That plumbing exists because blockchains don't talk to each other. Ethereum has no idea what's happening on Solana. So when a token moves from one chain to another, something has to confirm the money really left one place before it shows up on the other—that something is called a bridge, and it works by trusting a verifier to vouch for the transfer.
Myriad: How high will Bitcoin go? Click to make your prediction.That trust has been expensive. Bridges have lost billions to hackers over the years, usually because they lean on a single point of failure: one verifier, one thing to trick.
CCIP 2.0's answer to that single-point-of-failure problem is a new feature called the Cross-Chain Verifier, or CCV. Institutions can now run their own verifier—a second guard checking the paperwork before a transfer clears—or hire one from a firm like Infosys or Nethermind. Starter kits are ready on Amazon Web Services and Google Cloud.
Underneath, Chainlink still runs its default check: a committee of 16 independent node operators (16 separate companies that must all agree a transaction is legitimate) that reaches consensus on every transfer. That part hasn't changed.
What has changed is quieter. The Risk Management Network—a separate set of nodes that used to double-check the main committee's work—is now less relevant. "The Risk Management Network's automated offchain role is no longer active in current CCIP deployments, but is expected to be offered as an optional validation layer in future releases," the documentation reads.
The on-chain contract sticks around only as an emergency backstop. Chainlink says that same kind of independent check can come from the optional CCVs instead. In practice, that means an institution that adds nothing extra relies on one verification network, where it used to have two.
This isn't just a DeFi trader's problem anymore. Chainlink says $15 billion in tokenized assets migrated onto its rails in the last four months, including chunks of BitGo's wrapped Bitcoin and Coinbase's cbBTC—assets increasingly sitting behind ETFs and bank products that regular people hold without ever touching a crypto wallet.
The timing traces back to April, when hackers linked to North Korea's Lazarus Group drained about $292 million from Kelp DAO, a protocol that let users stake Ethereum and move the token across chains. Kelp's bridge ran on LayerZero, configured with a single verifier—a setup LayerZero later called a mistake and stopped supporting for new deployments.
Kelp said LayerZero's team approved that setup and never flagged it as risky. LayerZero disputed that, saying the configuration went against its own recommendations. Either way, institutions ran. Kelp itself moved to Chainlink, and so did Kraken, which shifted its wrapped Bitcoin token, and Lombard Finance, which moved over $1 billion in Bitcoin-linked assets.
Chainlink's pitch is built on being the bridge that didn't get hacked. CCIP 2.0 hands institutions the same flexibility that got LayerZero in trouble—except Chainlink's 16-operator committee still checks every transfer by default.
"Historically, legacy bridges have lost billions due to insecure infrastructure, while in-house builds are slow and expensive and institutions' proprietary networks can't earn the trust of their peers," Chainlink Labs Chief Business Officer Johann Eid said in the launch announcement.
Chainlink says CCIP now secures more than $84 billion in cross-chain token value, a figure it reports itself. Eighteen companies are listed as launch partners, but read their quotes closely: Fidelity says the upgrade "has the potential to support" broader distribution, and Further Asset Management merely "intends to partner." Confirmed, live deployments on the new verifiers are still scarce, just hours into launch day.
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Franklin Templeton rozšiřuje svůj program zajištění mimo burzu na Bybit. Uživatelé tak mohou použít tokenizované fondy peněžního trhu jako zástavu pro USDT nebo USDC a dál na nich pobírat výnos.
Sandy Kaul at Consensus Miami 2026 (CoinDesk)Summary
The underlying assets will be held off-exchange through regulated custody platform, ByCustody, with the value mirrored within Bybit's trading environment.The shares are issued through the Benji Technology Platform, Franklin Templeton's proprietary blockchain-integrated record keeping and transfer agency infrastructure.Digital asset-friendly financial institution Franklin Templeton is expanding its “off-exchange collateral program" to Bybit, allowing the exchange’s users to use shares in Franklin Templeton’s tokenized money market funds for crypto trading.
The partnership allows investors and wallet holders on the exchange to pledge shares, which represent about $686 million in net assets, as collateral to borrow stablecoins USDT or USDC while earning yield on the underlying assets, according to a press release on Monday.
The key point is that users will not have to move the underlying assets to Bybit. Instead, regulated custody platform ByCustody will hold the underlying assets off-exchange, with the value mirrored in Bybit's trading environment to enable yield generation while unlocking trading liquidity, the release said.
This is not Franklin Templeton's first off-exchange collateral partnership; the firm also offers its tokenized money market funds to customers of Binance and OKX. The work continues the buildout of collateral mirroring in the crypto space and the opportunities that brings, said Sandy Kaul, Head of Digital Assets and Innovation at Franklin Templeton.
“So now I'm able to really look across the top exchanges and be able as an investor to use my collateral more optimally while earning yield on it,” Kaul said in an interview. “That to me is a critical unlock to really allow the ecosystem to grow. It's also a wonderful opportunity for us as an asset manager to be designing products specifically for this wallet-based investing channel.”
The shares are issued through the Benji Technology Platform, Franklin Templeton's proprietary blockchain-integrated record keeping and transfer agency infrastructure. Benji's currently pays a 3.7% annualized yield, based on the latest seven-day rate.
The expansion reflects a broader industry pattern. Several crypto platforms accept tokenized funds as collateral for trades. Crypto.com and Deribit, for example, allow eligible institutional and professional users to use BlackRock’s BUIDL fund to back trades, including derivatives positions.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Breez SDK nově umožňuje přijímat USDT a USDC z více než 30 sítí přímo do bitcoinového nebo dolarového zůstatku. Podporuje mimo jiné Ethereum, Base, Solanu a Tron.
Breez, a Bitcoin software provider focused on payments infrastructure, has introduced a new feature in its Breez SDK that allows users to receive stablecoin payments from more than 30 different networks directly into their bitcoin or dollar balance. The update addresses common usability issues with stablecoins, which usually require separate wallets and work on various blockchains, posing challenges for both crypto newcomers and seasoned users.
New cross-chain payments capabilityThrough the enhanced Breez SDK, applications can now enable users to accept payments sent in leading stablecoins USDT and USDC, supporting networks such as Ethereum, Base, Solana, and Tron. Recipients with a bitcoin balance can select both the sender’s network and the desired payment amount. After making a selection, the SDK generates a deposit address, calculates the incoming value, and notifies the sender, who simply pays from their existing wallet.
Payments are converted in the background by Flashnet, a payment conversion platform. The resulting funds are deposited either as bitcoin or as stable, dollar-denominated balances in the recipient’s non-custodial wallet, depending on user preference.
Mini dictionary: Breez SDK is a developer toolkit that enables applications to integrate bitcoin and Lightning Network payments using minimal code, eliminating the need for developers to build and manage the payment infrastructure themselves.
The rollout of stablecoin receiving follows the June launch of the send USDT/USDC function, offering developers a unified solution for moving stablecoins in either direction across most major blockchain networks.
FeatureBefore UpdateAfter UpdateStablecoin Payment DirectionSend onlySend and receiveSupported NetworksLimited30+ networksIntegrationManual for each chainSingle unified integrationFocus on usability and securityBreez has prioritized making bitcoin-powered apps feel familiar to regular fintech users by implementing features such as passkey login in place of seed phrases, instant onboarding through Cash App, and dollar-denominated balances. The latest stablecoin integration is part of ongoing efforts to break down barriers for mainstream use of bitcoin apps.
Breez’s reference application, Glow, launched in August, showcases the SDK’s functionality and demonstrates how multiple features can be layered for an improved user experience. Users can navigate between stablecoin and bitcoin payments within a single app to support a wide variety of everyday transactions.
Collaboration with Turnkey and broader adoption goalsIn July, Breez announced a partnership with Turnkey, a security infrastructure provider. This collaboration allows developers to implement non-custodial bitcoin services, even when running application wallets from their own servers. The solution addresses custody roadblocks that have deterred major consumer platforms from integrating bitcoin payments to date.
The non-custodial approach ensures that users retain full control over their funds, a key consideration for both compliance and security-conscious projects.
Users can now receive USDT or USDC from over 30 networks, including Ethereum, Base, Solana, and Tron, directly to a single bitcoin or USD balance, with no need to integrate a new blockchain. The value is transferred seamlessly through a streamlined process that feels like a regular payment app.
These enhancements further establish Breez as an innovator in the open-source Bitcoin ecosystem, pushing for a broad adoption of bitcoin and stablecoin payments through accessible developer tools and integrated solutions.
Grayscale provede u ZCSH split 3:1 po přílivu více než 233 milionů USD za méně než měsíc od spuštění. Počet akcií se ztrojnásobí, hodnota podílů zůstane stejná.
Grayscale’s Zcash ETF, trading under the ticker ZCSH, will implement a 3-for-1 forward share split following significant investor interest, which has resulted in more than $233 million in inflows less than a month after launch.
An SEC filing shows shareholders on record at the close of trading on September 28 will receive two additional ZCSH shares for every share held. The distribution of these new shares will take place after markets close on September 29, with trading in split-adjusted shares set to begin before the market opens on September 30.
The forward share split will not affect the total value of investors’ holdings. Instead, it will reduce the price per share by a factor of three, while the overall number of shares increases proportionally. For example, a position consisting of 10 shares at $300 each would become 30 shares at $100 each, maintaining the value at $3,000.
This type of split can make shares more accessible for investors with smaller allocations and can enhance flexibility in options strategies and portfolio management.
Rapid Growth in ZCSH ETF AssetsThe timing of this split comes shortly after the ETF began trading on NYSE Arca on August 25. Investor demand has surged, with more than $233 million pouring into the fund since launch. Notably, the ETF saw roughly $112 million in inflows on September 8 alone.
By September 17, ZCSH’s net assets had climbed to approximately $890 million, and cumulative trading volume exceeded $11 billion. Initial inflows amounted to only tens of millions, but interest accelerated as ZEC’s price moved higher.
Lower nominal share prices following a forward split allow for smaller trades and greater trading flexibility, benefiting individual investors and options strategies without altering the economic value of the holdings.
Institutional Activity and New DevelopmentsInstitutional access provided by ZCSH has become a key element of Zcash’s investment narrative, with rising inflows highlighting increased interest from larger players.
Grayscale has also moved to expand its Zcash offerings. The company recently submitted a filing for a new ZCSH High Income ETF. Unlike the original ETF, this proposed product would generate returns through options based on Zcash investment products rather than holding ZEC directly.
Meanwhile, leverage in the ZEC market continues to remain high. Coinpaper previously reported that open interest in Zcash futures surpassed $2.3 billion, raising the potential for more volatile price movements due to short squeezes and liquidations.
Trends in Meme Tokens Highlight Market DynamicsAmid heightened market activity, the meme token segment offers another angle on rapid investor reactions. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data shared by Fomo App, a trade involving “Niu Lai”—which turned an initial $99 investment into approximately $370,000, stands out as a striking example of this activity. In this market, tracking not only prices but also the timing and token choices of investors is crucial. Fomo App brings token discovery and trading together on a single platform, featuring social feeds, investor rankings, and trade notifications. Discover Fomo App to follow the world of meme tokens alongside investor activity.
Compound Foundation odmítá obvinění, že zneužila přibližně 8,42 milionu DAI z rezerv V2 k ovlivnění hlasování o správě protokolu. On-chain data podle Bitquery ukazují přesun do COMP těsně před dvěma klíčovými návrhy.
The Compound Foundation is pushing back hard against accusations that it improperly used millions in idle protocol reserves to influence its own governance votes. The dispute, surfacing in Compound’s community forum on September 27, 2026, cuts to the heart of a question every major DeFi protocol eventually faces: who actually controls the DAO?
The allegations, filed by a community member identified as ugurmersin, center on roughly 8.42 million DAI that was moved from Compound’s deprecated V2 reserves to a Foundation-managed multisig wallet. Proposal 536, approved in February 2026, authorized that transfer with a specific mandate: the funds were to remain DAO-owned and could not be deployed for speculative trading or to cover Foundation operating costs.
The accusations in plain terms According to the forum post, what happened next was not what the proposal intended. On-chain data indicates that nearly all of the transferred DAI, approximately 99.98% of it, was converted into around 344,780 COMP tokens through what appears to have been trading desk activity.
The timing is the part that raised eyebrows. Those COMP tokens were reportedly delegated to a Foundation-controlled voting address just 58 minutes before the deadlines for Proposals 580 and 582. Both proposals passed. One shifted nearly all DAO treasury assets to the Treasury Management Committee, of which the Foundation is a signatory. The other advanced a major 52 million dollar V4 protocol initiative.
Blockchain analytics firm Bitquery has verified the on-chain timeline underlying the claims, which lends the allegations a factual backbone that makes them harder to wave away.
The Foundation’s response The Compound Foundation did not stay quiet. In a public statement, it denied that any assets were misappropriated for Foundation operations, arguing that the reserves remained DAO-owned throughout and that the evidence supports its account of events.
What the Foundation has not fully addressed, at least in public commentary so far, is the specific question of the timing. Converting DAO-owned DAI into COMP tokens and delegating those tokens to a Foundation voting address 58 minutes before governance deadlines is a sequence that needs more than a general denial to defuse.
The Foundation’s framing, that the assets stayed within DAO control, is technically plausible if the COMP tokens were held in a DAO-designated wallet. But the conflict-of-interest problem persists regardless of custody: a Foundation with signing authority over both the reserve multisig and the Treasury Management Committee voted with tokens derived from those very reserves on proposals that expanded the TMC’s power.
What this means for Compound and DeFi governance broadly The immediate risk is reputational. COMP token holders who were unaware of the reserve conversion now have reason to question whether their votes carry the weight they believed. If the Foundation could route 8.42 million in DAI through a trading desk to acquire and deploy nearly 345,000 COMP tokens before a critical vote, the power distribution within the DAO looks significantly different from what its governance documentation suggests.
The 52 million dollar V4 initiative that appears to have cleared governance partly on the strength of those tokens is now under a cloud. Even if the program is sound on its merits, the legitimacy of the vote approving it is being contested, and that opens the door to governance challenges that could delay or complicate V4’s rollout.
The dispute is still unfolding. The Foundation has denied the core allegations but the on-chain record is public, the timeline has been independently verified by Bitquery, and the community is watching how Compound’s governance responds to a challenge that strikes at its foundational promise of decentralized, conflict-free decision-making.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Aave V4 na Base umožňuje způsobilým uživatelům mimo USA použít tokenizované akcie Coinbase jako zástavu a půjčit si USDC. Prvních sedm aktiv zahrnuje AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc a TSLAc.
Aave V4 has opened a dedicated Equities Hub on Base that lets eligible users outside the United States post Coinbase (NASDAQ: COIN) tokenized U.S. stocks as collateral and draw USDC loans against them. The first seven assets are AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc and TSLAc.
Chainlink supplies the official price feeds used to value the positions onchain.
Each token is a certificate issued by Coinbase Onchain SPV Ltd.
The matching shares sit with Alpaca Securities LLC, an SEC-registered broker-dealer, in segregated custody accounts held in the issuer’s name.
The custodian cannot lend the shares, use them for its own book, or place a lien on them.
Under a deed of trust the issuer acts as bare trustee, so token holders receive the economic exposure of the actual equities rather than a synthetic price tracker.
Corporate actions are handled through a multiplier that begins at 1.0.
Dividends are reinvested (after fees and withholding tax) by buying additional shares instead of being paid in cash; stock splits are treated the same way.
The result is a total-return instrument whose onchain claim can drift above the raw share price over time.
The Equities Hub is structured as a single USDC reserve paired with one lending spoke that pools all seven collaterals. Users may deposit any mix of the tokens and borrow USDC.
Each asset carries its own collateral factor.
At launch the stocks themselves cannot be borrowed and equity-versus-equity positions are disabled.
The market remains open around the clock except when a reserve is paused for a corporate action until the new multiplier is applied.
Chainlink’s tokenized-equity feeds publish from Sunday 20:00 ET through Friday 20:00 ET.
On weekends and US market holidays the last published price is held, so collateral values stay frozen until cash markets reopen; a position’s health factor can decline in that window only from accrued interest.
Aave Labs deployed the instance on behalf of Aave DAO after risk work by LlamaRisk.
Additional Coinbase tokenized stocks and GHO as a borrowable asset are expected later, each subject to governance and risk review.
Supply and borrow caps will be adjusted through the risk-steward process as circulating supply and venue liquidity grow.
The integration turns tokenized shares from static holdings into productive DeFi collateral.
Holders can keep long-term equity exposure while unlocking dollar liquidity without selling. The products remain securities issued by Coinbase under Regulation S and are offered only to eligible non-US persons in permitted jurisdictions.
Hedera [HBAR] za posledních 24 hodin vzrostla o 29,8 % a prorazila únorové maximum na úrovni 0,107 USD. Růst podpořila validace a oficiální zařazení IDTrust do IBM Cloud Catalog a vstup do UK Wholesale Digital Markets Champion Taskforce.
Hedera [HBAR] has rallied 29.8% in the past 24 hours, with an Open Interest spike of over 80% in a day. Its daily trading volume was $619.5 million, a 718% increase day-on-day, according to CoinMarketCap data.
What spurred the sudden gains? On the 23rd of September, The Hashgraph Group announced that its IDTrust self-sovereign identity platform had been validated and officially listed on the IBM Cloud Catalog.
News came out that Hedera joined the UK’s Wholesale Digital Markets Champion Taskforce, strengthening the institutional adoption narrative.
Source: HBAR/USDT on TradingView It can be argued that these news events came alongside a Hedera uptrend. The downtrend on the daily timeframe stretched back to September 2025. A lower high at $0.0745 made in July was breached in August.
In recent weeks, the same level was retested as support before the price moved even higher. It has now surpassed the $0.107 swing level from February, a strong sign that a bullish recovery is underway.
Source: HBAR/USDT on TradingView The weekly chart showed HBAR’s bullish swing structure from late 2024, and the extended downtrend since 2025 was part of the retracement. The 78.6% Fibonacci retracement level at $0.118 was being challenged.
Moreover, the $0.105-$0.128 area (red) represented a supply zone from November 2025. If these resistances are breached, the odds of an HBAR recovery would dramatically increase.
Traders’ call to action – Take profits Source: HBAR/USDT on TradingView The recent 4-hour session’s trading volume was extraordinary, matched in magnitude only by the October 2025 crash. Such high-volume price spikes into a long-term supply zone can be a good area to take profits at.
Swing traders and investors can wait for a pullback to $0.10 to buy. Alternatively, they can also seek to re-enter the long side after a breakout past the $0.128 weekly resistance level.
Final Summary Hedera has smashed aside local resistance levels and challenged February highs with its high-volume price surge. The extremely high volume and overbought momentum indicators on the 4-hour chart cautioned that profit-taking and buying the pullback could be a viable strategy.
Bitwise odhaduje, že NEAR může do roku 2030 dosáhnout 155,85 USD v základním scénáři a až 562,81 USD v maximálním scénáři. Zároveň podal konečný prospekt pro spotové NEAR ETF s tickerem NRR.
Bitwise has put a hard institutional number on NEAR Protocol. In a 39-page investment report, Bitwise CIO Matt Hougan and Head of Research Europe Andre Dragosch set a base case of $155.85 by 2030. The max case reaches $562.81.
The bear case falls to $1.63. That report landed the same week Bitwise filed the final prospectus for its U.S. spot NEAR ETF, ticker NRR, on NYSE Arca, carrying a 0.75% fee and 100% staking intent.
How Bitwise Built the $155 Model From a spot price near $5, the base case implies roughly 30x upside. The max case is more than 100x. But Bitwise is explicit.
The base case assumes successful execution, not a midpoint probability. The Bitwise NEAR ETF listing on NYSE Arca gave that thesis a tradeable wrapper just days before the report went public.
The math rests on one central bet: NEAR becomes the settlement rail for autonomous AI agents. Bitwise models 328 million agents on the network by 2030.
Each runs 1,000 transactions per year at a $5 average value. A 0.3% protocol fee flows back to token holders.
Stack a 50x valuation multiple on top, and the model produces $155.85 per token.
That 328 million figure is roughly 2% of a projected global agent population of 16.4 billion by 2030. The max case, comparing NEAR to Visa’s $15.7 trillion in 2024 payments, gets to $562.81.
Already, NEAR Intents as an AI-agent marketplace has routed roughly $30 billion in cross-chain volume, giving Bitwise a live proof of concept to anchor the forecast.
Bitwise also flags ecosystem catalysts that underpin the thesis. Ondo tokenized stocks on near.com, covering Tesla, NVIDIA, Apple, and QQQ, brings real TradFi volume through NEAR Intents.
Meanwhile, the confidential perps launch via Hyperliquid helped push NEAR TVL above $207 million and triggered a 70% weekly rally heading into the ETF window.
The ETF Adds Wall Street Access, But Risks Remain The NRR ETF turns the Bitwise forecast into a brokerage-account trade. Staking added to the NEAR ETF filing means the trust retains roughly 67% of staking rewards.
That staking float, combined with inflows, could tighten liquid supply further. Bitwise’s European NEAR Staking ETP already crossed $100 million AUM ahead of the U.S. launch.
Macro sentiment adds another layer with Trump’s expected White House announcement spanning AI policy and US-China trade terms, institutional allocators are watching for regulatory signals that could either accelerate or complicate the agent-economy thesis underlying Bitwise’s forecast.
The same house writing $155 earns 75 bps annually on NRR. Beyond that, Arthur Hayes on AI-agent money presents the central counter-argument, that agents may ultimately settle in compute-linked currencies rather than general-purpose L1 tokens.
Grayscale’s competing NEAR ETF filing further signals institutional appetite, but also means Bitwise will not be alone in shaping the narrative.
NEAR Foundation’s $20M AI agent fund adds ecosystem capital behind the same adoption curve Bitwise is betting on.
For context on how similar high-conviction 2030 calls have been framed elsewhere, Standard Chartered’s 40x UNI call follows comparable methodology, institutional valuation on a protocol’s fee-capture potential.
The NEAR Protocol price prediction tracker on CoinGape will be updated as NRR’s first-week flows and NEAR Intents volume data come in.
Solana za jediný týden zpracovala přes 800 milionů úspěšných non-vote transakcí, což je nové historické maximum. Růst podpořil upgrade SIMD-0286, který zvýšil limit výpočetního výkonu na blok o 66 %.
Solana just posted over 800 million successful non-vote transactions in a single week, marking a new all-time high and the second consecutive week the network has broken its own record. That distinction, “non-vote,” matters more than it sounds.
Blockchain networks like Solana generate enormous transaction counts from validator consensus activity, the routine housekeeping that keeps the chain running. Strip those out, and you’re left with what actually reflects human behavior: trades, token transfers, DeFi interactions, NFT mints. By that measure, Solana just had its busiest week ever.
What’s driving the surge The catalyst has a decidedly unsexy name: SIMD-0286. This network upgrade, implemented on July 29, raised the maximum compute limit per block by 66%.
The results were almost immediate. Daily non-vote transactions climbed to 169.9 million on August 4, then pushed higher to 171.9 million by August 10. On a monthly basis, non-vote transactions hit 5.2 billion in August, up from 4.2 billion in July.
That 5.2 billion monthly figure surpassed the combined totals of all other major Layer 1 and Layer 2 blockchain networks. Block times have held steady at around 400 milliseconds throughout the surge.
Follow the money Validator fee revenue jumped by over 80% across a three-month stretch, averaging roughly 9,200 SOL per day by late August.
Context and competition Solana’s summer of 2026 has been a steady climb. Week-over-week and month-over-month improvements in activity metrics have been consistent rather than spiky. DeFi activity and the transfer of tokenized assets appear to be primary drivers.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Solana’s Real Economic Value, the metric that tracks what the network actually earns from transaction fees across its ecosystem, just hit its highest weekly level since January. That’s a notable turnaround for a network whose revenue had been sliding for months after the memecoin frenzy cooled off.
The numbers behind the rebound Solana’s daily revenue crossed $1 million on August 19, marking the highest single-day revenue output in six months.
Daily average application fees during September reached levels not seen since January, suggesting this isn’t just a one-day spike but a sustained trend.
Solana processed 5.2 billion non-vote transactions in August alone, a figure that surpassed all other Layer 1 and Layer 2 networks combined during the same period. Non-vote transactions are the ones that actually represent user activity, not the validator housekeeping that inflates Solana’s total transaction numbers.
The stablecoin supply on Solana hit an all-time high of roughly $17.63 billion in August. The real-world asset ecosystem on Solana pushed past $4 billion in value, including tokenized treasuries, private credit, and other financial instruments.
From memecoins to meaningful revenue Monthly REV peaked at $551.6 million back in January 2025, driven almost entirely by memecoin activity. By Q2 2026, quarterly REV had collapsed to $51 million.
July marked the inflection point. Solana reclaimed the top spot for daily REV among all blockchains after spending four months at lower rankings. The network also held 16.5% of all tracked protocol fees that month.
Technical upgrades and governance shifts Slot times have dropped to an average of 250-300 milliseconds. A governance vote in August targeted doubling the network’s disinflation rate, meaning validators would increasingly rely on transaction fees rather than newly minted tokens for their income.
Figures within the Solana Foundation have publicly signaled that revenue metrics are becoming the primary lens through which the ecosystem evaluates its own success.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Solana se poprvé stala největším řetězcem pro týdenní spotové obchodování tokenizovaných komodit s objemem 91,1 milionu USD a 28% podílem, před Robinhoodem s 81,3 milionu USD.
For the first time, Solana has become the top chain for weekly tokenized commodities spot trading volume, overtaking Robinhood in the process.
Between September 21 and September 27, Solana recorded $91.1 million in tokenized commodities spot volume, giving it a 28% market share across all chains. Robinhood followed with $81.3 million, representing 25% of the market.
The shift marks a sharp change in Solana's position within the market. Its share of tokenized commodities trading rose from just 5% to 28% in 4 weeks.
Across all chains, tokenized commodities generated approximately $322.7 million in weekly spot trading volume.
Gold Drives Solana's Market Solana's growing activity comes alongside a sizeable supply of tokenized commodities on the network. The supply reached an all-time high of $50.5 million on August 25 and currently stands at approximately $45.6 million.
Gold remains the dominant commodity on Solana. Paxos' $PAXG leads the market with a $10.89 million circulating supply, followed by xStocks' $GLDx at $10.12 million, Tether's $XAUT0 at $8.98 million, Matrixdock's $XAUM at $6.71 million, and Oro's $GOLD at $2.46 million.
The figures show that gold-backed tokens still account for most of Solana's tokenized commodity supply, though the market has begun to expand beyond gold.
Solana Reclaims DEX Volume Leadership Solana's momentum extends beyond tokenized commodities. The network also reclaimed the top spot for weekly spot DEX volume after Robinhood briefly claimed the No. 1 position 3 weeks ago. Solana's share has increased each week since, reaching 39% of weekly spot DEX volume last week.
The network has also strengthened its position in memecoin trading. Solana's share of weekly memecoin DEX volume climbed from 51% 3 weeks ago to 80% last week, marking its highest share in 4 weeks. Over the same period, Robinhood's share fell to 13%.
The figures point to a broader resurgence in Solana's trading activity across both tokenized real-world assets and crypto-native markets.
Read More on SolanaFloor Solana Stablecoin Supply Hits $17.39B ATH, Up 7% in 24 Hours
Solana’s Rally Is Reviving DAT Stocks and Opening the Door to More $SOL Buys
ZachXBT uvedl, že podezřelí z hacku Bitget za 387 milionů USD veřejně žádají o podporu v Discordu a Telegramu při přesunu ukradených prostředků. Některé transakce se podle něj zasekly při swapu XRP na Bitcoin.
People allegedly laundering money from the $387 million Bitget hack have been asking for customer support in public chat rooms, according to blockchain investigator ZachXBT.
He said the group are Chinese money launderers working for the suspected North Korean attackers. They posted openly in the Discord servers and Telegram channels of services they use to move the funds.
What the Bitget Hack Suspects PostedBitget lost $387.5 million on September 24. CEO Gracy Chen said attackers tricked the exchange’s internal approval system into signing the transfers, and that North Korea was “very likely” behind it. BeInCrypto’s Bitget hack timeline lays out how it happened.
ZachXBT named five accounts and matched each one to a transaction. His screenshots show them complaining to staff at THORChain, a network that swaps coins between blockchains without an account, that XRP-to-Bitcoin swaps never arrived.
BREAKING: Chinese illicit actors laundering funds from the $387M Bitget exploit on behalf of the alleged DPRK attackers are openly asking for support with orders in public Discord servers and Telegram channels of services they use.
Notably, Alias 4 (below) was also seen… pic.twitter.com/KfdTo51M2o
— ZachXBT (@zachxbt) September 28, 2026
One user, “Cc,” wrote that 277,724 XRP went in but only 431 came back. Another, “jack,” said losing the assets “would cause a lot of trouble in my life.” A moderator for the swap service SwapKit answered with a photo of Kim Jong Un.
Kelp DAO Link and the North Korean PatternZachXBT said one account, “lolo,” also laundered money from the $292 million Kelp DAO exploit in April. In the chat, lolo confirmed going by “Marin” on Telegram.
ZachXBT Finds $387M Bitget Hack Suspects Asking for Help in Public Chats
“I’ve observed the same pattern after multiple TraderTraitor attributed exploits, and I’ve closely tracked these groups,” the on-chain sleuth wrote.
TraderTraitor is the FBI‘s name for a North Korean hacking group. The bureau blamed it for the $308 million theft from Japanese exchange DMM Bitcoin in 2024.
The funds are now hopping between blockchains through bridges and landing in mixers such as Wasabi, a wallet that blends coins to hide their trail, he said.
THORChain has refused to block wallets tied to the attackers. Bitget said withdrawals reopen Monday. ZachXBT plans to release more data on the groups in the coming weeks.
CCIP 2.0 is now live and available to all institutions and digital asset issuers. This upgrade introduces key new features that reinforce CCIP’s position as the only interoperability standard designed to meet the security, compliance, and speed requirements of the world's largest financial institutions.Blockchain’s next chapter is about bringing the entire global financial system onchain to transform how the world issues, moves, and manages value. And with MiCA in the EU, the GENIUS Act in the U.S., and joint agency work between the U.S. SEC and CFTC, the regulatory runway for digital and tokenized assets has never been clearer.
Asset issuers and tokenization platforms are now racing to bring stocks, ETFs, funds, commodities, and currencies onchain, while institutions accelerate their transition from experimental pilots to revenue-generating products and services.
More financial activity is happening onchain than ever before, yet institutional assets and workflows are still highly fragmented across public and private blockchains. Secure cross-chain connectivity is now essential for institutions looking to maximize distribution and unlock real utility for their assets across markets.
Institutions face three major barriers to operating across blockchains: cost, control, and security. Building cross-chain infrastructure in-house can take months of specialized engineering and cost six figures per chain. Furthermore, adopting infrastructure controlled by competitors creates strategic dependencies that can give a competitor asymmetrical advantages. Meanwhile, relying on legacy bridges exposes tokenized assets to the same vulnerabilities that have already resulted in billions of dollars in losses. Global markets need a neutral interoperability standard that institutions across jurisdictions can trust to collaborate on.
CCIP solves this by providing the first credibly neutral, institutional-grade cross-chain standard. Institutions only need to establish their security, compliance, and operational frameworks on CCIP once; they can then apply them across every chain they adopt. The result is scalable asset distribution without rebuilding infrastructure, advantaging competitors, or compromising the protections regulated capital requires.
CCIP is already the most value-securing cross-chain solution in the industry, with over $84 billion in total cross-chain token value. In an industry flight to safety, $15+ billion in token value migrated to CCIP in the last 4 months alone, including BitGo’s $7.4+ billion WBTC, Coinbase’s $6.1B+ cbBTC, Kraken’s kBTC, the State of Wyoming’s official stable token FRNT, and many more. Among major financial institutions, launch partners and industry supporters include AllUnity, Amazon Web Services, ANZ Bank, Archax, Bottomline, Deutsche Börse Group’s Crypto Finance, Fidelity International, Further Asset Management, GoldZip by the Hong Kong Gold Exchange, Google Cloud, Hastra by Figure, Infosys, Nethermind, SBI Digital Markets, Sygnum, Taurus, TokenX by SCBX, and xStocks, who are integrating their digital assets and infrastructure with CCIP.
The ecosystem emerging around the CCIP standard.CCIP 2.0 begins a new era for the digital asset industry by laying the rails for hundreds of trillions of dollars in capital from existing financial systems to flow onchain. Key benefits with the CCIP 2.0 release include:
User attestations: Participate directly in verifying cross-chain transactions by operating your own Cross-Chain Verifier (CCV). Your CCV independently verifies and cryptographically signs transactions, adding a verification step that must be completed before CCIP can execute them on the destination chain. CCVs can run on bare metal or your preferred cloud platform, with pre-built starter kits available for Amazon Web Services and Google Cloud.Additive security: Layer additional independent verification on top of CCIP’s ISO 27001 infrastructure using CCVs operated by you or third-party enterprise providers. Organizations such as Infosys are already building CCVs for clients that want additional verification without managing the infrastructure themselves.Built-in compliance functionality: Add governance policies, approval workflows, and other issuer-defined controls to enforce requirements such as KYC, AML, transaction limits, and more on every cross-chain transaction. Configurable finality speeds: Fine-tune how quickly transactions settle, from near-instant transfers to waiting for full source-chain finality for maximum security.Full lifecycle management: Power end-to-end digital asset transactions by combining CCIP with the broader Chainlink platform for trusted data, existing system integration, privacy, and agentic workflows.
The full capabilities unlocked with Chainlink CCIP 2.0.Start building on CCIP today using the Chainlink docs or reach out to the Chainlink Labs team to get started.
How CCIP 2.0 Unlocks Institutional Capital OnchainCCIP 2.0 provides the infrastructure institutions and asset issuers need to securely manage regulated capital across public and private blockchain environments. This enables seamless asset distribution across markets while preserving the custom policies, privacy requirements, and operational controls needed to unlock real utility onchain.
CCIP 2.0 establishes institutional-grade cross-chain interoperability with additive security, fast transfers, and built-in compliance functionality.CCIP 2.0 supports three key capabilities for scaling institutional adoption of digital assets.
1) Establish Institutional Risk ControlsInstitutions and asset issuers have different requirements for how their capital moves. A bank may have internal risk mandates for transaction validation; an institutional investor may want verifiable audit trails; and a DeFi protocol may seek its own verification layer when bridging assets.
CCIP 2.0 leverages the same decentralized oracle network infrastructure that has enabled tens of trillions in transaction value, and is certified to meet institutional-grade requirements. The default Chainlink Committee Verifier consists of 16 independent, security-reviewed node operators with extensive experience operating mission-critical infrastructure, who must come to consensus on every cross-chain transaction.
On top of this security foundation, CCIP 2.0 now offers more granular security controls for both token transfers and arbitrary messaging, including:
Additive verification: On top of CCIP’s secure-by-default infrastructure, institutions and asset issuers can operate their own Cross-Chain Verifiers (CCVs) or select independent CCVs run by trusted third parties, adding another layer of verification to meet specific operational requirements. In this model, both the default Chainlink Committee Verifier and the independent CCV(s) must cryptographically sign a cross-chain transaction before it can be executed.Customizable enforcement: Users can define when and how their added security controls are applied (e.g., additional approval needed for any transaction above $1M).Open CCV Marketplace: Third-party verifiers can set custom verification fees on top of CCIP's base fee rate. This creates an open market for specialized verification services, giving issuers more choice while incentivizing providers to maintain high reliability.With CCIP 2.0, established infrastructure companies can build and operate specialized CCVs for asset issuers, turning their expertise into revenue-generating services. Issuers gain additional verification without having to manage the underlying infrastructure and can select providers best suited to their requirements. As demand grows, the open CCV marketplace allows for more entrants and increasingly specialized services, expanding the security options available to every asset on CCIP.
Asset issuers like Lombard (leading Bitcoin yield platform) are adopting CCIP 2.0 to integrate custom CCV-enabled verification logic into their cross-chain tokens. Institutions, asset issuers, and developers have access to starter kits that make it easy to spin up CCVs on their existing cloud infrastructure, including Amazon Web Services and Google Cloud. Additionally, leading digital services companies, such as Further Asset Management, Infosys, Nethermind, and more, are developing and operating CCV infrastructure on behalf of customers.
Contact Chainlink Labs today to learn how to deploy and monetize your own CCV.
2) Transact in SecondsEthereum sits at the center of much of today’s cross-chain activity, making its confirmation time a major constraint on settlement speed. Working with Ethlabs, CCIP 2.0 unlocks a new class of cross-chain transactions by being one of the first protocols to support Ethereum’s Fast Confirmation Rule (FCR) when it launches. With Ethereum’s FCR supporting transaction confirmation in seconds, CCIP creates a fast execution path for payment flows involving Ethereum that previously could not operate effectively across chains.
But markets don't run at just one speed. A routine payment may need to clear within seconds, while a wholesale settlement may require full finality and additional sign-off. CCIP 2.0 gives issuers direct control over execution parameters, allowing lower-value, high-frequency transfers to use faster execution while higher-value transactions wait for full source chain finality. Issuers can define how much value they are comfortable moving faster-than-finality and charge additional fees to account for the associated risk. The result is a configurable settlement model with secure defaults, supporting high-frequency payment flows and higher-value institutional transactions.
Secure-by-default configuration: The default configuration of CCIP is to wait for full source chain finality for maximum security, the duration of which is determined by each chain’s unique attributes. Custom confirmation thresholds: Issuers can define a custom block-confirmation config, enabling faster-than-finality transfers for both messages and token transfers. Leading DeFi protocols, including Aave (largest lending platform), Re (largest tokenized reinsurance platform), Maple (the onchain asset manager), and more, have adopted CCIP 2.0 to unlock faster-than-finality transfers for their native cross-chain tokens.
3) Automate Compliance EnforcementMost legacy bridges today cannot enforce KYC, AML, or sanctions screening on transfers. As a result, regulated issuers can't distribute tokenized assets broadly across onchain markets, while DeFi can't access the world’s deepest pools of capital.
CCIP 2.0 directly integrates with the Chainlink Automated Compliance Engine (ACE), providing a framework for embedding always-on policy controls and traceability into cross-chain transfers. This turns regulatory requirements from a manual operational burden into codified instructions that can be applied consistently to every transaction.
Institutions can enforce programmable identity and compliance controls on transactions involving their assets, such as:
Eligibility checks: Embed allowlist, denylist, and sanctions screening to ensure counterparties meet issuer-defined KYC, AML, and cross-jurisdictional requirements. Issuers can leverage the ACE partner ecosystem, featuring 20+ leading compliance providers, frameworks, and regulators, or simply integrate their own system to add policies seamlessly without rebuilding from scratch.Transaction and exposure limits: Apply value-based thresholds, rate limits, and other parameters to align with internal risk and collateral requirements.Issuer-owned controls: Support private or allowlisted token pools and issuer-defined policy checks so only authorized senders/receivers can move value across chains.
The Chainlink ACE partner ecosystem is a standards-based framework uniting over 20+ leading identity, risk, and regulatory infrastructure providers. It allows financial institutions to configure compliance policies once and execute them across multiple blockchains and token standards.Why CCIP Is the Optimal Cross-Chain Deployment Strategy: Lower Costs, Faster Scaling, Credibly NeutralCCIP 2.0 provides neutral, secure-by-default infrastructure built to eliminate the compounding costs and technical debt of building and operating in-house solutions. Building cross-chain infrastructure in-house often requires chain-specific expertise, more than half a year of development, and six figures in engineering work per supported blockchain.
Institutions will need to operate, secure, and deliver 99.99%+ global uptime for such mission-critical infrastructure, as well as stand up and continuously maintain secure connections across all supported blockchains. Each additional chain introduces further complexity, with every chain featuring its own RPC standards/endpoints, gas-fee market dynamics, finality models, hard-fork governance processes, and more. Institutions must also extend and synchronize their existing KYC/AML systems and broader compliance frameworks across all chains, ensuring that sanctions screening, transaction monitoring, and policy enforcement remain consistent as assets move between networks.
This model exposes institutions to significant risks, including cross-chain state mismatches, reorgs and chain halts, signing key exposure, and integration patches as each network evolves independently. The result is a permanently expanding operational, compliance, and security burden that must be monitored in real time across all chains simultaneously. Beyond the technical challenges, proprietary shared infrastructure often has limited adoption because competitors are unlikely to build on and transfer assets through a rival's infrastructure.
In contrast, CCIP provides institutions with an end-to-end, secure-by-default solution that is already connected to every major blockchain network, with the complexities and upgrade processes abstracted away, so clients can focus on their core business objectives.
As shared, globally accessible cross-chain rails, banks, and asset managers can adopt CCIP without ceding control to a competitor, while also benefiting from network effects that scale with adoption. CCIP instantly connects assets to a composable global network of leading DeFi protocols and financial institutions, enabling cross-chain liquidity and scalable distribution without needing to rebuild integrations for each market. Institutions only need to build their security, compliance, and operational frameworks once and can then apply them across all the public and private chains they expand to.
Leading financial institutions and market infrastructures are already leveraging CCIP for secure and reliable cross-chain interoperability, including:
Swift partnered with Chainlink to enable financial institutions to connect to any public or private blockchain by leveraging CCIP along with their existing Swift infrastructure and ISO 20022 messaging standards.24 of the world’s largest financial institutions and market infrastructures, including Swift, DTCC, Euroclear, UBS, and Wellington Management, leveraged CCIP to distribute validated corporate actions data across DTCC’s blockchain ecosystem and public/private blockchains.ANZ Bank and Fidelity International leveraged CCIP to power secure messaging and value transfer of e-HKD across jurisdictions and chains.SBI Digital Markets adopted CCIP as its exclusive cross-chain infrastructure to power interoperable and compliance-ready tokenized real-world asset transfers across its digital asset platform.Learn more about the secure-by-default architecture powering global onchain finance: https://chain.link/blog/ccip-cross-chain-standard
Start Building In Minutes With CCIP 2.0The infrastructure for the next $600 trillion in onchain finance is now in your hands. We’ve eliminated the complexity of cross-chain integrations so you can securely deploy capital and unlock global asset distribution in minutes.
CCIP 2.0 includes a ground-up redesign of the developer experience, enabling teams to ship faster while giving them more control over how they build, configure, and manage cross-chain transactions, assets, and execution times.
A redesigned API, SDK, and CLI reduce integration friction and help teams get to production faster. Developers can integrate standard CCIP transfers and fast paths through a more unified interface.Greater configurability over transaction execution and token pool behavior.View the complete list of chains now live with Chainlink CCIP 2.0, with more being added each week.
If you are a financial institution, tokenized asset issuer, or DeFi developer interested in integrating CCIP 2.0, check out the docs or reach out to the Chainlink Labs team.
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Disclaimer: This post is for informational purposes only and contains statements about the future, including anticipated product features, development, and timelines for the rollout of these features. These statements are only predictions and reflect current beliefs and expectations with respect to future events; they are based on assumptions and are subject to risk, uncertainties, and changes at any time. There can be no assurance that actual results will not differ materially from those expressed in these statements, although we believe them to be based on reasonable assumptions. All statements are valid only as of the date first posted. These statements may not reflect future developments due to user feedback or later events, and we may not update this post in response. Chainlink does not hold or transfer any assets. Please review the Chainlink Terms of Service, which provides important information and disclosures.
Jan Nieuwenhuijs vyzval ke koupi alespoň 1 QNT a vidí potenciál až na 10 000 USD. QNT mezitím vystřelil na rekordních 372 USD, což je zhruba o 210 % nad úrovní 120 USD.
Gold analyst Jan Nieuwenhuijs has issued a bullish outlook for Quant, urging investors to buy at least one token while highlighting a potential $10,000 upside.
In a recent post on X, Nieuwenhuijs advised his more than 121,000 followers to buy a minimum of one QNT token.
At the time, the token traded around $120. He framed the opportunity as a risk-reward bet, suggesting investors could lose $120 while potentially earning as much as $10,000 if his bullish thesis plays out.
Today I advise everyone to buy at least 1 $QNT. Risk: loose $120, potential: earn $10,000. https://t.co/wPXwdsYJQE
— Jan Nieuwenhuijs (@JanGold_) September 26, 2026
However, Nieuwenhuijs did not provide a specific timeframe or detailed price model explaining how QNT could reach $10,000.
QNT Call Echoes His 2013 Bitcoin Prediction Interestingly, Nieuwenhuijs’ latest QNT commentary mirrors a similar Bitcoin prediction he made in 2013.
At the time, he presented a comparable risk-reward scenario, suggesting that investors could lose $300 or potentially make $10,000 by buying Bitcoin.
Bitcoin subsequently moved far beyond the $10,000 level, eventually reaching an all-time high above $126,000. Nonetheless, Bitcoin’s historical performance does not guarantee that QNT will follow a similar trajectory.
QNT Surges 210% From the $120 Level Meanwhile, QNT has already moved sharply higher since Nieuwenhuijs issued his latest call.
The token subsequently reached a record high near $372 yesterday, representing an increase of roughly 210% from the $120 level cited in his commentary.
The rally has also coincided with growing adoption of Quant’s technology in tokenized banking infrastructure. Last week, Quant was selected by The Clearing House to support the institution’s On-Chain Money Initiative, which aims to facilitate the clearing and settlement of tokenized deposits while connecting with payment networks such as RTP and CHIPS.
Meanwhile, Quant’s technology has supported the Great British Tokenised Deposit initiative, where seven UK banking institutions, including NatWest and Lloyds Banking Group, completed live customer transactions involving tokenized sterling deposits.
These developments provide a fundamental backdrop for the recent QNT rally.
QNT Extends Its Sharp Rally At press time, QNT had retraced from its September 27 record high of $372 and was trading around $256.
QNTUSD 2026 09 28 09 37 52 Despite the pullback, the token remains up 45% over 24 hours and 288% over seven days. Furthermore, QNT’s market cap stood at around $3.1 billion, while its daily trading volume climbed to $1.25 billion, representing a 158% increase.
With Quant now involved in major tokenized-deposit initiatives in both the United States and the United Kingdom, market attention has increasingly focused on whether institutional adoption of its infrastructure could translate into sustained demand for QNT.
Still, the $10,000 projection remains Nieuwenhuijs’ personal bullish thesis. From $256, QNT would need to rise by roughly 3,806% to reach $10,000.
QNT po proražení konsolidace kolem 60–65 USD vystřelil k 330 USD, ale po odmítnutí na této úrovni klesl na 242 USD. The Clearing House zároveň vybrala Quant pro „On-Chain Money Initiative“.
Quant [QNT] has entered a sharp price discovery phase after breaking out of its weeks-long consolidation zone around the $60–65 level. The move accelerated once buyers pushed above $100, turning the earlier recovery into a vertical rally toward $330.
The surge was backed by high volumes as well. This showed that demand was supporting the move, rather than just thin activity influencing price movement.
However, the rejection near $330 prompted a pullback down to $242, where buyers stepped in around the 50% retracement level of the recent advance from $149 to $330.
This implies that bulls are currently looking to defend the broad breakout pattern established so far, given QNT was trading near $267 at press time.
Meanwhile, RSI remained extremely high at 82.50, indicating extremely overstretched momentum. If buyers can hold onto $240, then the overall bullish structure will be maintained.
Additionally, if buyers can retake the resistance area at $286, then there may be enough support for another attempt at $330.
Conversely, if buyers cannot keep the price above $240, then there is potential for a drop toward $185-$190 and an even deeper retracement.
Quant enters U.S. payment infrastructure Quant’s institutional opportunity is transitioning from a token-driven narrative toward a potential role in U.S. payment infrastructure. This is because The Clearing House announced the selection of Quant to power its ‘On-Chain Money Initiative.’
The key is how Quant’s technology connects tokenized deposits with existing settlement rails rather than replacing them.
Through the Clearing House framework, banks could move deposits while still having access to RTP and CHIPS. This will lower the operational barrier for institutions that are already using these networks. It also provides a pathway for Quant’s technology to enter institutional financial flows.
The Clearing House processes more than $2 trillion in daily settlements, highlighting the scale of the payment flows that Quant could potentially access if the system achieves meaningful adoption. However, it is dependent on actual use post-2027.
If there is meaningful bank participation and increasing volumes of tokenized deposits, then the institutional opportunity would represent measurable demand for the network.
Can institutional use drive QNT demand? QNT’s institutional narrative now faces a test of whether adoption can translate into sustained token demand.
While Overledger provides some utility with QNT licenses, the overall volume of required licenses is much smaller than the total number of available QNT.
Therefore, increased institutional use does not automatically reduce circulating supply or create sustained upward pressure on QNT’s price.
In fact, the increase in institutional use at best represents a potential future source of institutional buyers. Notably, daily active users increased by 2,064 on the 24th of September after QNT increased 27%.
This represents a large increase in user activity. However, it also represents increased user activity based upon positioning rather than actual bank settlement.
Therefore, QNT’s rally still depends heavily on expectations, while measurable institutional usage remains the key catalyst for longer-term demand.
D3 spustila Frontier, program, který dává uživatelům s vklady v Solana a Hyperliquid vaults body za přednostní přístup k novým doménám. Priorita ale neznamená vlastnictví domény.
D3 has launched Frontier, a program that lets users deposit eligible assets in Solana and Hyperliquid vaults to earn points toward priority access to new internet domain names.
Summary
D3 says users can commit Frontier Points to names offered by participating domain registries. Loopscale supports the Solana vault, while Hyperion DeFi and Upshift support the Hyperliquid vault. ICANN says 1,616 applications have qualified to proceed in its 2026 round for new domain extensions. Each registry will set its own timing and eligibility rules before names become generally available. D3, the core contributor to Doma Protocol, announced Frontier at Korea Blockchain Week on Sep. 28. Under the program, members deposit eligible assets with supported vault providers, earn Frontier Points, and commit those points to establish priority for names offered by participating registries.
Priority does not amount to ownership of a domain. D3 says access applies before general registration, the stage when a registry opens names to the public. Each registry controls its own schedule and eligibility requirements, while the proposed extensions must pass the Internet Corporation for Assigned Names and Numbers’ approval process.
How D3’s Frontier program uses crypto vaults Frontier opens with two vaults. Loopscale supports the one on Solana, and Hyperion DeFi and Upshift support the one on Hyperliquid, according to D3. The company says it plans to add vaults on other chains in the coming months.
Members earn points through deposits with the supported providers, then use those points to seek priority for names under participating extensions. The arrangement puts a crypto-based points system ahead of a conventional domain registration process: registries, rather than the vaults, determine when eligible names can be registered.
D3 describes Frontier as a way for asset holders to participate without a prior relationship with a registry or domain broker. Its release also says more than 20 applicants and registries have committed to the program ahead of ICANN’s Reveal Day, when the organization will publish details of the applications that have cleared its administrative checks.
The Solana and Hyperliquid connections are part of a domain business D3 has been building for several years. Doma Protocol is designed to represent conventional internet domains on a blockchain so they can be used in on-chain applications. In January 2025, D3 raised $25 million in a Series A round led by Paradigm to develop Doma; Coinbase Ventures also participated.
Hyperion DeFi’s role gives the launch a direct link to U.S. public markets. The company trades on Nasdaq under HYPD and supports Frontier’s Hyperliquid vault alongside Upshift. Hyperion CEO Hyunsu Jung said the arrangement would give the Hyperliquid community access to the program as new extensions are considered in ICANN’s round.
Scott Lee, the Solana Foundation’s head of Korea, pointed to potential uses for domain names on Solana in a statement accompanying the launch. D3 has named possible extensions including .agent, .wallet, .sol and .robot, while Jung referred to .hype. ICANN, however, has said its own Reveal Day publication will be the complete verified record of who applied and for which extensions.
ICANN’s 2026 round has 1,616 applications proceeding ICANN confirmed on Sep. 22 that 1,616 applications had met the payment requirement to proceed. Applicants submitted 1,663 requests before the window closed on Aug. 12. The organization will publish the public portions of the paid applications on Reveal Day, including proposed extensions that multiple applicants may be seeking.
An application is for the right to operate a top-level domain, such as the part after the final dot in a web address. Frontier members would instead seek individual names beneath extensions operated by registries that participate in D3’s program. ICANN’s review, any objections, and the resolution of competing applications come before a new extension can enter the standard domain system.
The previous ICANN application round took place in 2012 and led to more than 1,200 new extensions, according to the organization. D3 CEO and co-founder Fred Hsu described the new round as an opportunity to bring crypto users into an established domain market:
“Frontier is how crypto gets in at the start of this domain supercycle.”
Other crypto-linked naming projects have taken different approaches to the same ICANN round. In August, crypto.news reported Unstoppable Domains’ withdrawal from applications for nine of its own Web3 extensions, including .crypto and .wallet. Founder Matthew Gould said the expected application, compliance and possible auction costs were higher than the sales the company expected to recover. Unstoppable said it would refund customers whose purchases were tied to its earlier ICANN plans.
The distinction between a blockchain-only name and an ICANN-approved domain matters for ordinary web use. Unstoppable said its existing on-chain names would continue to work in supported wallets and applications, even though the affected extensions would not gain standard browser resolution through the applications it dropped. D3’s Frontier program, by comparison, concerns priority for names offered by participating registries if their extensions move through ICANN’s process.
Telegram has also applied for .gram in the 2026 round. Founder Pavel Durov said approval could allow users to register names beneath that extension and create Telegram-hosted websites. ICANN must approve the application before .gram can operate as a conventional internet domain.
Registries will set the registration terms For a Frontier member, earning points is only one step. D3 says members must commit them toward names from participating registries to establish priority, and each registry decides when registration opens and who qualifies. The release places that priority period before general registration but ties both stages to ICANN’s process.
ICANN says Reveal Day will show the public-facing parts of applications that passed its administrative check and identify extensions sought by more than one applicant. After publication, applications can face community input, objections, evaluation, and procedures to resolve competing requests before successful registries can operate their extensions.
Venus Protocol spustil Liquidity Hub, který umožňuje na stablecoinech současně získávat výnos i je používat jako kolaterál pro půjčky. 24. září po integraci s Centrifuge přibyly také tokenizované fondy JTRSY a JAAA.
Venus Protocol just solved one of DeFi’s most annoying either-or problems: the choice between earning yield on your stablecoins and using them as collateral to borrow. With its new Liquidity Hub, users can now do both at the same time.
The feature, which went live around August 31, introduces a mechanism that automatically allocates stablecoin deposits across multiple yield sources while issuing share tokens that remain fully usable within Venus’s lending markets.
How the Liquidity Hub works When users deposit stablecoins like USDT or USDC into the Liquidity Hub, they receive ERC-4626 share tokens called vhUSDT and vhUSDC. These tokens accrue yield in the background while simultaneously serving as collateral in Venus’s core lending markets.
The vhTokens carry an 80% collateral factor, meaning a user depositing $10,000 worth of vhUSDT could borrow up to $8,000 in other assets. They also come with a 10% liquidation incentive and zero borrow cap, a design choice that keeps the tokens focused purely on their collateral function.
Behind the scenes, the Hub allocates deposited capital across Venus Core lending, Flux/Fluid markets, and Fixed-Rate Vaults according to governance parameters.
One technical detail worth noting: the vhTokens are not rebasing tokens. Instead of adjusting the number of tokens in your wallet to reflect yield, the value of each token simply increases over time.
Real-world assets enter the picture On September 24, Venus Protocol expanded the Liquidity Hub by integrating real-world assets through a partnership with Centrifuge. Two tokenized fund products, JTRSY and JAAA, are now live on the platform.
JTRSY provides exposure to tokenized US Treasury yields, while JAAA offers access to AAA-rated collateralized loan obligation (CLO) credit returns.
This isn’t Venus’s first foray into bridging traditional finance with on-chain lending. The protocol previously integrated CASH+ as a collateral option, signaling a deliberate strategy to bring conventional financial instruments into its ecosystem.
Venus Protocol’s market position Venus operates primarily on BNB Chain and functions as a decentralized money market where users supply assets to earn variable interest or borrow against collateralized positions. Interest rates adjust dynamically based on pool utilization.
The protocol’s total value locked has ranged between $1.4B and $2.8B over recent quarters.
What this means for DeFi lending The core innovation here is capital efficiency. In traditional DeFi lending, depositing stablecoins to earn yield and using stablecoins as collateral to borrow are separate actions that require separate capital. The Liquidity Hub collapses those two functions into a single position.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
HashKey MENA, Aptos Foundation a Daya spouštějí pilot regulovaného stablecoinového koridoru mezi Blízkým východem a Afrikou pro B2B vypořádání. Síť má být postavena na Aptosu a podporovat převody včetně nigerijské nairy a dalších afrických měn.
HashKey MENA has partnered with the Aptos Foundation and Daya to explore regulated stablecoin payments between the Middle East and Africa through a pilot B2B settlement corridor, according to a Monday statement.
The pilot is expected to establish the infrastructure for a larger B2B trade settlement model using stablecoins as a potential primary settlement asset.
The initiative will use Aptos as the blockchain settlement network and support on- and off-ramps for Nigerian naira and other African currencies, while retaining access to traditional SWIFT and bank wire infrastructure, the company says.
Under the partnership, HashKey MENA will provide AED/USD and multi-currency fiat-to-stablecoin connectivity as part of the corridor.
Daya will provide the African payment infrastructure, including local-currency on- and off-ramps, a smart routing engine, virtual local-currency accounts and payment APIs for businesses and fintechs, as noted in the statement. The Aptos Foundation will support the initiative as an ecosystem partner and will help fund execution across the network.
The rollout is planned in two phases. In the initial phase, multinational corporations will be able to fund cross-border local payments by converting local currency into digital assets at one end of the corridor and converting them back into local currency at the other.
The partnership extends HashKey’s Asia Connect network into Africa after the network launched its first Hong Kong-Philippines stablecoin corridor in June 2025. It has since expanded across Southeast Asia and into the Middle East, with the network designed to facilitate cross-border transfers and conversions between stablecoins and local currencies.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Arbitrum zavádí Priority Gas Auctions a Fast Feed, aby zlevnilo a zpřístupnilo MEV pro menší searchery. Zároveň má tento model přinést více příjmů do treasury Arbitrum DAO.
Blockchains lack native CRON jobs or automated triggers, so when market conditions change, like when a token price moves on one exchange and not another, DeFi’s stability relies on having economic incentive for balancing DeFi products.
That work is MEV: arbitrage, liquidations, backrunning, etc. Without it, tokens would trade at varying prices across exchanges, and lending platforms would carry users with bad debt.
Recently, our DevRel Jess covered how users, apps, and chains try to separate harmful MEV from useful MEV 👇
The problem is not that economic incentive for stabilizing DeFi products exists. It is who can see it and compete for it.
Abritrum’s new mechanisms - Priority Gas Auctions (PGA) and Fast Feed - are designed to create more opportunities for traders and even the playing field for smaller MEV searchers to get involved in supporting the stability of DeFi. It also creates opportunity for emerging DeFi primitives, like proprietary AMMs (propAMMs), who need cheap, frequent, priority inclusion to keep onchain parameters fresh. More information on propAMMs 👇
It’s important to note - the mempool remains private on Arbitrum One. A private mempool is one of the simplest protections against harmful MEV like sandwiching and front-running without killing arbitrage or liquidations. On Arbitrum One, transactions stay hidden until they are sequenced.
Why PGA & Fast Feed MatterFor traders and searchers: This upgrade reduces the barrier to entry and creates opportunity for new players to become searchers (MEV bot operators) without the previous requirement of needing the same hardware and latency as those already competing.
For protocols and end users: This upgrade creates a healthy market for arbitrage and liquidation bots - keeping DEX prices aligned and bad debt liquidated.
Emerging DeFi primitives: Newer DeFi applications like proprietary AMMs (propAMMs) need cheap, frequent, priority inclusion to keep onchain parameters fresh, which this upgrade supports
For Arbitrum DAO & ecosystem: This upgrade redirects value that previously leaked out to hardware providers and node infrastructure to the Arbitrum DAO treasury, to fund chain growth and public goods.
Introducing Fast FeedSearchers need to do two things: identify an opportunity, and act on it, quickly.
For example, a searcher could identify an upcoming DEX swap that will deviate the token price from its fair market value, and create a back-running arbitrage transaction that rebalances the token price across exchanges.
Fast Feed is built to support that first step: it’s a faster stream of already-sequenced transactions, helping searchers identify a state changing transaction that has been sequenced.
Until now, maintaining a low-latency stream of ordered transactions usually meant running your own infra close to the Arbitrum Sequencer. Fast Feed turns the same data into a subscription product.
How this works
Transactions are ordered by the Arbitrum Sequencer, and the public RPC feed publishes each transaction, its place in the sequence, and related metadata. Fast Feed is a permissionless subscription service that publishes this data a fraction of a second earlier. Access is managed by a smart contract onchain, where users can subscribe and pay a subscription fee. 97% of those fees go to the Arbitrum DAO.
Transaction Ordering MechanismsRecall that searchers need to do two things: identify an opportunity, and act on it quickly.
Transaction ordering mechanisms determine how quickly users can act on opportunities, and have their transactions executed. Priority Gas Auctions offer a more fair opportunity to have transactions ordered quickly, without the need to build custom tooling, lowering the barrier to entry.
For newer DeFi applications like proprietary AMMs (propAMMs) that need cheap, frequent, priority inclusion to keep onchain parameters fresh, PGA makes Arbitrum a compatible ecosystem.
To understand what ArbOS Elara’s PGA system is, let's take a look at what transaction ordering mechanisms have been used in the past, and their problems.
First Come, First Serve (FCFS)
Arbitrum One originally ordered transactions on a First Come First Serve (FCFS) basis.
Searchers were competing for arbitrage, liquidation and back-running opportunities through hardware. Whoever had the fastest hardware and lowest-latency connection to the sequencer identified the opportunity faster, submitted the transaction faster, and earned the rewards.
Although arbitrage and liquidation bots support DeFi protocols, this model pushed spending outside of the ecosystem and towards hardware companies, as opposed to the Arbitrum DAO, and had a high barrier to entry for new Searchers wanting to participate.
Timeboost
Timeboost was introduced to Arbitrum in April 2025, and was created to combat the battle for hardware. This was the first iteration for Arbitrum that redirected a searcher's spending towards the DAO.
Timeboost introduced offchain auctions between searchers. Each searcher would bid for control of an ‘express lane’. For 60 seconds, the winning searcher would get to submit any transaction through an express lane endpoint, which got sequenced immediately. All other transactions were held for 200ms before being included in a block. The winning searcher maintained this position across all blocks within the 60 second round.
For searchers, timeboost swapped the race for better hardware to a bidding war, where the proceeds were sent to the DAO, ultimately supporting the underlying protocol.
Why transition away from Timeboost?
In practice, Selini and Wintermute alone won 77.41% of Timeboost auctions from April 17, 2025, to April 13, 2026 [1]. This meant that smaller searchers couldn’t compete, and stopped bidding.
Instead, smaller searchers seemed to start competing with others outside of the express lane, accepting the 200ms delay. This means that instead of targeting MEV opportunities that the searcher in the express lane targeted, they found alternative opportunities and competed for those. 87% of atomic arbitrage and ~98% of liquidations bypassed the express lane entirely, meaning Timeboost captured only ~1.7% of the atomic arbitrage revenue [2].
Priority Gas AuctionsPriority Gas Auctions give users the opportunity to add a priority fee if inclusion speed matters.
When the Sequencer receives transactions, they are stored in the private mempool, tagged with the arrival timestamp, and their priority fee.
On Arbitrum One, typically blocks are every 250ms, and spans two 125ms PGA rounds.
In each round, pending transactions are ordered by priority fee. If two transactions have the same priority fee, whichever one has the earliest arrival timestamp is ordered first.
The sequencer then fills a block with the ordered transactions until it hits one of its limits: the 32 Mgas target is hit, the calldata limit of 95,000 bytes is reached, or the round expires.
The sequencer collects the calculated priority fee per gas according to EIP-1559.
Typically, a block (250ms) spans two PGA rounds (125ms each). However, if the transactions in a single PGA round fills a block (it hits the gas target, or calldata limit), the block is sealed, and the sequencer begins building the next block. Block production is capped at a maximum of 8 blocks per second.
When a transaction is submitted during a PGA round, it is held and enters the sequencer’s mempool at the start of the next round.
Introducing the Anti-Starvation MechanismWhat happens to transactions with no priority boost?
If the mempool has transactions remaining after a PGA round, the outstanding transactions receive a virtual priority boost as part of the anti-starvation mechanism.
This fee is virtual, and isn’t actually charged to the sender. It’s used to ensure that standard user transactions with low or zero priority fees don’t sit in the mempool indefinitely during sustained periods of high volume.
Maintaining Nonce CacheWhen a single user submits multiple transactions, it’s important to maintain the original order, so transaction nonces are used to maintain ordering. If a user submits multiple transactions, while the first is still in the mempool, the sequencer lists the remaining transactions in the ‘nonce cache’ until the earlier transaction is included. Transactions in the nonce cache do not receive the priority boost.
ConclusionPrevious transaction ordering mechanisms have had their challenges. For searchers, the barrier to entry was high: participating in an ahead-of-time auction requires building custom tooling and forecasting MEV for an entire upcoming round.
Meanwhile latency-sensitive applications weren’t supported: emerging DeFi primitives such as proprietary AMMs (propAMMs) need cheap, frequent, priority-ordered inclusion to keep onchain parameters fresh. An express lane held by a single controller for 60 seconds at a time is incompatible with these new AMMs.
By pairing Priority Gas Auctions with Fast Feed, ArbOS Elara captures revenue for the Arbitrum DAO treasury, lowers the barrier for entry in the MEV market, and introduces support for latency-sensitive applications.
Arbitrum Foundation spouští 12měsíční Arbitrum Security Program pro projekty v síti Arbitrum. Program na ochranu ekosystému vyčlení zhruba 7,8 mil. USD včetně 1,76 mil. USDC a 25 milionů ARB.
Today, the Arbitrum Foundation is launching the Arbitrum Security Program (ASP), a 12-month program covering the full security lifecycle for projects building on Arbitrum.
The ASP evolves and broadens the Arbitrum Audit Program, which launched in August 2025 with a one-year mandate. It now rests on four pillars: AI-assisted screening ahead of a full audit, the human-conducted audit itself, the Arbitrum bug bounty program, and the ArbitrumDAO Security Council.
The Foundation is kicking off the ASP's audit function today, building on the experience and learnings from the original audit program. This new program introduces an updated framework designed to ensure projects are audit-ready before entering the program, create greater alignment between participating teams and the Arbitrum ecosystem, and make audit funding available to more projects.
The Arbitrum Security Program commits ~7.8M (1.76M USDC and 25M ARB) at today’s market prices to protect the Arbitrum ecosystem. About $1.2M covers the existing Audit Program commitments, with roughly $6.6M going to new work that keeps builders and users safe. The Foundation will subsidize a portion of the selected projects’ audits depending on the commercial agreement reached with each project.
From Application to Audit Projects can apply to the Arbitrum Security Program through an open application process.
The new program introduces several changes to the process. Before the Foundation begins sourcing an auditor, an approved project will be required to:
Confirm that its codebase is audit-ready;Agree to the applicable audit subsidySign a Commitment Agreement with the Arbitrum Foundation setting out the project’s agreed commitments to the Arbitrum ecosystem, including any applicable exclusivity or other commercial commitments.Once these steps are completed, the Foundation will begin matching the project with an auditor.Selected teams will have the opportunity to strengthen their codebase with pre-audit AI security screening ahead of their full audit.
Projects should plan for approximately one month between application approval and the expected start of the audit and should take this timeline into account when planning their development and launch schedules.
The program will cover the agreed initial audit only. It is advised that teams ensure that their code and intended audit scope are ready before entering the process.
Meet the Auditors Powering ASPProjects accepted into the program will have access to the same group of leading smart contract security firms that powered the previous audit program:
Ackee Blockchain SecurityCertoraCyfrinDecurityGuardianHexensNethermindOak SecurityOpenZeppelinOXORIOPashov Audit GroupSherlockTrail of BitsParticipating projects will be matched with an appropriate auditor based on the scope of the audit, technical requirements and auditor availability.
How to Apply If your project is building on Arbitrum and preparing for a smart contract audit, applications for the Arbitrum Security Program are now open. The standardized form collects key details about the project, team, audit scope, and budget, ensuring a streamlined and fair review.
Applications will be reviewed based on factors including the project’s technical maturity, team, likelihood of success, and alignment with the Arbitrum ecosystem. Who can apply? Projects that are yet to launch, are migrating from another chain or project in the growth stage, are launching new features or products, or are launching their own Arbitrum Chain are eligible to apply.
Read the approved proposal for more details on the expanded audit security program.
Tether a Shiga plánují pro Afriku a GCC self-custody peněženky pro USD₮, Bitcoin a Tether Gold. ENTA míří na jednotlivce a firmy, Pulse na banky a fintech.
Tether and Shiga have announced plans to bring self-custodial wallets for USD₮, Bitcoin, and Tether Gold to individuals and institutions across Africa and the Gulf Cooperation Council.
Summary
Shiga plans two products: ENTA for individuals and businesses, and Pulse for banks and fintech companies. Users will be able to fund ENTA wallets with local currency, U.S. dollars, or Bitcoin. Institutional clients can use Shiga-managed infrastructure or run the wallet software in their own environment. Shiga says its Nigerian Digital Asset Intermediary licence remains subject to final approval. Tether said in its Sep. 28 announcement that both products will use its open-source Wallet Development Kit, or WDK. Shiga will offer one product directly to users and another to institutions building payment and treasury services for their customers.
The plan extends a relationship that began with Tether’s investment in Shiga Digital in June 2025. At the time, crypto.news covered the investment and Shiga’s existing services for African businesses, including virtual accounts, foreign exchange, treasury management and over-the-counter transactions.
Shiga’s ENTA will put three assets in user-controlled wallets Under the new plan, ENTA will serve individuals, high-net-worth users and businesses. Tether said customers will be able to add funds using local currency, U.S. dollars, or Bitcoin, then hold and transfer USD₮, Bitcoin and XAU₮ from self-custodial wallets.
The funding options and the assets held in the wallet serve different roles. A customer adding local currency, for example, would use it to fund access to the supported digital assets; the announcement does not say that ENTA will hold local currency as a wallet asset. Tether also did not give a launch date, list the countries where ENTA will first be available, or set out the fees customers would pay.
Shiga’s focus on cross-border transfers comes amid high remittance costs in the region. The World Bank’s remittance price report put the average cost of sending money to Sub-Saharan Africa at 8.46% in the third quarter of 2025, the highest average among the receiving regions it tracked. Neither Tether nor Shiga provided a comparable cost estimate for transfers through ENTA.
Tether chief executive Paolo Ardoino said WDK would let companies build products in which users retain control of their assets.
“Together with Shiga, we are bringing that infrastructure to markets where people and businesses face real challenges protecting savings and moving money across borders,” Ardoino said.
The three-asset approach gives customers access to a dollar-linked token, Bitcoin and tokenized gold within the planned product. Tether has also worked with Opera on MiniPay, a separate self-custodial wallet serving markets that include Africa. In February, the MiniPay wallet expansion added access to USD₮ and tokenized gold, according to the companies’ announcement covered by crypto.news.
Pulse will let institutions choose where to run the software For banks, fintech companies and other institutional clients, Shiga plans to offer Pulse as a platform they can adapt to payment corridors, treasury work and settlement flows. Chief executive Abiola Shogbeni said the company would tailor the product to each institution’s operations instead of supplying the same wallet interface to every client.
Tether said institutions will have two deployment choices. They can use WDK infrastructure managed by Shiga, or operate it in their own environment while keeping control of their keys, data, and funds. The second option is intended for clients with requirements governing where data is held and who controls the systems used to sign transactions.
WDK supplies the wallet software beneath both ENTA and Pulse. According to Tether, a single integration will allow Shiga to support the blockchain networks available through the toolkit. Tether describes WDK as open-source infrastructure for building self-custodial wallets, with support for assets including Bitcoin, USD₮ and XAU₮.
The institutional product is planned for the Africa–GCC corridor, but Tether has not named a bank or fintech company that has agreed to deploy Pulse. The announcement also does not identify an initial payment corridor or transaction volume for either product.
Within the Gulf, XAU₮ already has a specific regulatory designation in Abu Dhabi Global Market. In July, Abu Dhabi recognized XAU₮ as an Accepted Spot Commodity. That status permits firms with the relevant ADGM approvals to provide services involving the token; it does not grant Shiga or every firm in the financial center automatic approval.
Nigerian licence remains under review Shiga chief operating officer Dami Etomi said the company is in the final stage of approval for a Digital Asset Intermediary licence in Nigeria. If approved, the licence would authorize Shiga to provide regulated digital asset dealing, broking and custody services to individuals and institutions in the country. Shiga has not said that it holds the licence yet.
Etomi also said Shiga will operate ENTA on the platform it offers to institutional clients. Prospective Pulse customers would therefore be able to examine a live Shiga product using the underlying infrastructure, although the company has not specified when ENTA will go live.
For U.S. readers, the announcement concerns products planned for Africa and the GCC; it does not announce U.S. availability. U.S. Treasury’s August rulemaking proposal separately addresses when U.S. digital asset service providers may offer foreign-issued payment stablecoins. Tether and Shiga did not describe the planned products’ U.S. access or their treatment under that proposed rule.
Vyšetřovatel Wazz spojil koordinovaný podvod na Robinhood Chain s nejméně 18,43 milionu USD ukradenými v rámci 53 memecoinových projektů. Nejvíc odčerpaly CRUMBS, LEGS a PINK.
TLDR Blockchain investigator Wazz traced $18.43 million in stolen funds to a single operation spanning 53 memecoin projects on Robinhood Chain. The coordinated fraud unfolded between July 10 and September 21, 2026, with most launches occurring on the Pons V2 platform. Token creators exploited anti-sniping tax exemptions to allow selected wallets to acquire up to 86% of token supplies immediately after launch. The top three extractions included CRUMBS ($3.12M), LEGS ($2.9M), and PINK ($1.44M). The majority of stolen assets remain in Ethereum, making them impossible to freeze, with no suspects publicly identified or prosecuted. A blockchain researcher operating under the pseudonym Wazz has identified a coordinated fraud operation that siphoned at least $18.43 million through 53 memecoin projects deployed on Robinhood Chain. The investigative findings were shared on X this past Sunday, September 27, 2026.
Robinhood Chain functions as an Ethereum layer 2 scaling solution constructed using Arbitrum infrastructure. The network went live on July 1, 2026, following an official launch ceremony in London hosted by Robinhood Markets.
While Robinhood designed the blockchain primarily for financial applications and tokenized real-world assets—including equity tokens representing shares in publicly traded corporations—speculative memecoins quickly dominated the platform’s initial trading activity.
The majority of these tokens debuted via Pons, the dominant launchpad operating on the network. Pons facilitates new token sales through a bonding curve mechanism, an algorithmic pricing model that automatically increases token prices as purchase volume rises.
Exploiting the Anti-Sniping Tax Exemption Pons implements a sniper prevention tax on purchases executed during the initial moments following a token’s deployment. This protective fee begins at 99% and gradually decreases to zero over approximately five seconds.
Token creators possess the ability to exempt up to 32 wallet addresses from this protective mechanism. This functionality was originally intended to allow legitimate development teams to distribute tokens across multiple wallets simultaneously during launch.
According to Wazz’s investigation, creators systematically weaponized this exemption feature to consolidate supply control. Detailed analysis of nine specific launches revealed that creators whitelisted between 15 and 25 addresses, then executed a single bulk transaction that purchased tokens for all exempted wallets simultaneously.
This coordinated purchase completely depleted the bonding curve’s available supply and automatically migrated the token into a public liquidity pool. Following these maneuvers, the creator and whitelisted addresses collectively controlled between 82% and 86% of each token’s entire circulating supply.
Remarkably, all nine opening purchase transactions were routed through an identical unverified smart contract deployed on August 28, 2026. Wazz identified this contract as belonging to a commercial transaction bundling service accessible to numerous independent users.
Establishing Connections Between Launches Wazz employed three distinct methodologies to connect the 53 launches to a single coordinated group. Forty-five projects were linked through direct funding trails, where proceeds from one launch directly financed the deployment wallet for subsequent launches.
Four additional launches shared an identical private key, which cryptographically signed funding transactions across multiple token deployments. The final four launches were connected through a common collection wallet that received proceeds from several different projects.
The investigation also uncovered evidence that the group occasionally deployed decoy launches before revealing their actual intended token. Three separate token series—CRUMBS, PINK, and DEED—each saw multiple launches within roughly 24-hour windows, with only the final iteration in each series representing the legitimate project.
The DEED token initially triggered Wazz’s investigation. Blockchain forensics revealed that funds ultimately used to launch DEED originated from an earlier token called DRAFT, passing through multiple intermediate wallets before reaching the addresses that executed the opening purchases.
According to Wazz, the vast majority of extracted funds remain held in ETH rather than stablecoins or alternative tokens. This strategic choice significantly complicates potential asset recovery efforts, as decentralized assets cannot be frozen like centrally controlled tokens.
The investigator maintains a comprehensive database with tags applied to every implicated wallet address. Two additional suspected serial-launch operations were identified during the investigation but lacked sufficient evidentiary connections to conclusively link them to this primary group.
To date, no individuals have been publicly identified or face criminal charges related to this scheme. The investigation contains no evidence suggesting that either Robinhood or Pons participated in designing or executing these fraudulent operations.
Prospective token buyers can identify several red flags through onchain analysis before committing to purchases. Key warning indicators include tracing deployer wallet funding sources, examining whether snipe-tax exemptions were configured at launch, and analyzing token distribution concentration within the first block after trading commences.
Hyperliquid Strategies koupila 494 tis. HYPE za zhruba 45,8 milionu USD, zatímco pět velryb unstaklo asi 90,4 milionu HYPE. Na trhu tak stojí přes 100 milionů USD potenciální nabídky k prodeji proti pokračující poptávce.
Hyperliquid [HYPE] is reducing its supply through continuous purchases and token burning, which will help sustain the strength of its value capture model for the token.
For example, since the last 24 hours, Hyperliquid has purchased and burned approximately 10.4k HYPE tokens at an approximate cost of $956.8k. The burn of these tokens was tied to fees generated by the protocol.
This process becomes even more important as trading volume grows exponentially and creates compound effects. As such, Hyperliquid has earned $58.27 million in revenue during the last 30 days. In addition, this has created daily buybacks averaging approximately $1.16 million.
This should be able to create continued removals of tokens from the market when there is sufficient trading activity.
Source: OnChain Lens Total cumulative burn is at 48.96 million HYPE, or approximately 4.9% of the one billion maximum supply. However, the current burn pace remains modest relative to total supply.
Therefore, the long-term effect of this process will ultimately depend upon whether trading volume and fee generation continue to grow rapidly enough to increase the burn rate of tokens.
HYPE ownership shifts toward whales HYPE faces a demand-supply test That shift toward larger HYPE holders is now creating a tug-of-war between fresh institutional demand and potential whale selling.
Hyperliquid Strategies acquired 494K HYPE worth approximately $45.8 million. This purchase further solidifies Hyperliquid Strategies’ accumulation trend, with it holding 35 million HYPE.
Source: LookOnChain The increased purchases will remove additional supply from the market. However, if this accumulation continues, then it could support prices. Conversely, five whales have unstaked approximately $90.4 million in HYPE.
Source: LookOnChain Feeds Multicoin also transferred $12.15 million from Coinbase Prime to Coinbase Prime, thus providing another avenue for HYPE to enter the market.
Together, these moves place more than $100 million of potential selling against continued treasury demand. HYPE’s next move, therefore, depends on which side absorbs the other.
Kalifornský guvernér Gavin Newsom podepsal zákon AB 2409, který zakazuje veřejným činitelům státu vydávat meme coiny. Od 1. ledna 2027 nesmějí platformy Kaliforňanům prodávat nové meme coiny spojené s veřejnými činiteli.
Governor Gavin Newsom signed Assembly Bill (AB) 2409 on September 27, barring California public officials from issuing meme coins.
The law also stops crypto platforms from selling Californians new meme coins tied to public officials. Newsom’s office pitched the package as a contrast to President Donald Trump’s own token.
Who AB 2409 Puts Off-LimitsAssemblymember Avelino Valencia, a Democrat from Anaheim, introduced the bill in February. The Senate passed it 40-0 in August, and the Assembly then approved the final version 78-0.
California just cleared strict new legislation targeting the meme coin market.
Under AB 2409, state employees are barred from creating tokens, while exchanges face listing restrictions for local residents by 2027.
Both the Senate and Assembly have approved the bill, now… pic.twitter.com/jB4WW5qO3d
— BeInCrypto (@beincrypto) August 27, 2026 Follow us on X to get the latest news as it happens
The ban covers state and local elected or appointed officers, including legislators and advisory board members. It also reaches public employees with decision-making power over bids and contracts.
Platforms face a separate limit from January 1, 2027. They cannot sell Californians new meme coins offered by, or with, federal, state, or local officials.
According to a Senate Judiciary Committee analysis, the cutoff keeps older coins such as Official Trump (TRUMP) on exchanges. As a result, earlier buyers can still sell if a price spike helps them recover losses.
The Attorney General can sue for an injunction and disgorgement. District attorneys, city attorneys, and county counsel may also enforce the ban on officials.
Newsom linked the signing directly to Trump in the announcement.
“While the scam that is Donald Trump continues to hurt American families, California is fighting to make our economy work for people, not the powerful,” he said.
From the White House to BanguiCalifornia’s ban follows several meme coins launched or promoted by national leaders and a former mayor. Each token lost most of its value after its debut.
Trump launched TRUMP in January 2025, three days before his second inauguration. Newsom’s office pointed to a July report by The New York Times on Official Trump (TRUMP).
Nearly 1 million people bought the token and have since lost more than $3 billion. Trump himself profited by roughly $636 million, the report found. TRUMP traded at $2.09 at press time, down 97.2% from its record high, per BeInCrypto Markets data.
Meanwhile, Central African Republic President Faustin-Archange Touadéra launched Central African Republic Meme (CAR) in February 2025. He called it an experiment to unite people and raise the country’s profile. Market data showed the token down 99% from its all-time high.
Former New York City Mayor Eric Adams unveiled NYC Token (NYC) in Times Square in January 2026. It neared a $600 million valuation before crashing about 80%.
Argentine President Javier Milei drew similar scrutiny in February 2025 after promoting the LIBRA token, which collapsed shortly afterward.
Meme Coins Join California’s Growing List of Off-Limits BetsNone of those earlier coins fall under AB 2409. However, its listing rule does cover federal officials. The law extends earlier ethics steps by the Newsom administration.
California officials already have to disclose their crypto holdings. In March, Newsom also barred Governor’s Office appointees from using nonpublic information to profit on prediction markets.
Washington has moved in a similar direction. In April, the US Senate passed a resolution banning senators from trading on prediction markets.
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UsePaid dočasně pozastavil výběry přes X Money kvůli prudkému nárůstu poplatků vyvolanému launchi tokenů na Pump.fun. Za 24 hodin se vybralo asi 1,54 milionu USD, zhruba 26× více než den předtím.
UsePaid, a crypto service that converts token creator fees into dollar payments sent directly to X accounts, has temporarily suspended payouts through X Money.
This came after a huge spike in activity generated by Pump.fun token launches.
The project announced the suspension late Sunday.
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"X Money payments are currently paused while we work through payment issues," UsePaid said. "Existing balances remain safe, and fees will continue to accrue."
The project said it is preparing a web-based claims portal as an interim solution.
There was a huge increase in creator fees flowing through the protocol. Hours earlier, UsePaid reported that approximately $1.54 million worth of fees had been claimed during a single 24-hour period.
That was roughly 26 times the amount recorded during the preceding day and, remarkably, exceeded the amount claimed during the entire previous seven days combined.
The increase had already forced UsePaid to introduce emergency restrictions. The protocol temporarily limited payments to $750 per recipient per day before pausing X Money payments entirely.
Pump.fun launch frenzyUsePaid acts as a bridge between crypto-native creator fees and conventional dollar payments.
A Pump.fun token creator can direct 100% of a token's creator fees toward the UsePaid treasury.
UsePaid detects the token and periodically claims its accumulated creator fees on-chain. The current agreement stipulates that 80% of each claim belongs to the designated X recipient. The remaining 20% is used to purchase the protocol's Solana-based PAID token and burn it.
Someone can launch a Pump.fun coin, permanently redirect its creator fees to UsePaid and designate virtually any X account as the beneficiary. Trading then generates creator fees, and UsePaid converts the beneficiary's share into dollars.
That arrangement has led to a wave of coins being launched around prominent X personalities.
The Pump.fun token generated enormous activity almost immediately. Pump.fun data captured during the surge showed approximately $37.2 million in trading volume and more than 13,000 holders.
UsePaid currently lists hundreds of tokens associated with some individual X profiles. Its dashboard, for example, recently showed 367 tokens naming @beffjezos and 764 naming Elon Musk's account.
X Money, meanwhile, continues operating independently of UsePaid.
Capital B, a Paris-listed Bitcoin treasury company, bought 13 Bitcoin (BTC) for €0.97 million. The purchase lifts its total holdings to 3,538 BTC.
The firm also reported a BTC Yield of 2.20% for the year so far. That metric tracks how much Bitcoin the company holds per fully diluted share.
Capital B Bitcoin Buy Lands Below Average CostThe company paid an average of €74,364 per coin this time. That sits well under its €87,805 average cost across the whole treasury, which cost €310.6 million to build.
That stash ranks second among European public companies, according to Bitcoin Treasuries. Only Germany’s Bitcoin Group SE holds more, with 3,605 BTC.
However, the market value tells a different story. The company’s own figures put the holdings’ net asset value at about €259.9 million, based on the previous day’s closing price. As a result, the treasury carries a paper loss of roughly €50.8 million.
Meanwhile, Bitcoin trades near $82,800, down 2.29% on the day, according to BeInCrypto data. Over the past month, it has gained about 7%.
Earlier in September, Capital B added 376 BTC for about €25.3 million, its largest purchase this year. Blockstream CEO Adam Back also put €7.6 million into Capital B that month.
Bitcoin (BTC) Price Performance. Source: BeInCrypto MarketsParis-based asset manager TOBAM supplied the cash through an at-the-market (ATM) agreement. Under this deal, Capital B issues new shares whenever the fund requests them.
Between September 14 and 22, three TOBAM funds took 172,978 shares at about €5.68 each. That price was a 3.8% premium to the prior closing price, the company says.
Blockstream Capital Partners remains the largest shareholder with 18.67% of ordinary shares. Back personally holds another 17.54%.
Swissquote Bank Europe executed the trade and holds the coins. The bank is licensed under the EU’s Markets in Crypto-Assets (MiCA) rules and acts as Capital B’s sole custodian.
Other firms have used similar share-funded buying strategies this year. In addition, treasury firms kept accumulating coins through a volatile September.
For now, Capital B keeps adding coins below its cost basis. Consequently, each purchase slowly pulls that average lower. How fast it falls may depend on how much appetite TOBAM keeps showing for new shares.
Spotové Bitcoin ETF zaznamenaly za týden končící 25. září čistý příliv 2,4 miliardy USD, nejvíc od října 2025. Tím dostaly letošní čisté toky do plusu zhruba 934 milionů USD.
Spot Bitcoin [BTC] ETFs saw weekly inflows worth $2.4 billion on the week ending the 25th of September.
This marked their largest weekly inflow since October 2025, which was strong enough to reverse their previously negative performance for 2026.
With this, Bitcoin ETFs were also able to push their year-to-date net flows to approximately $934 million positive.
Bitcoin ETF weekly update According to Farside Investors, between the 21st and 25th of September, BTC ETFs recorded strong but gradually declining inflows.
Source: Farside Investors That said, the total net inflows peaked at $999 million on the 21st of September, led by BlackRock’s IBIT with $381.4 million.
Fidelity’s FBTC followed the lead with $238.8 million, and ARKB joined the trail with $289.1 million in inflows.
Needless to say, inflows remained strong on the 22nd of September at $714.7 million, before falling to $346.9 million on the 23rd of September, $190.7 million on the 24th of September, and $134.5 million on the 25th of September.
Weak macroeconomic conditions do not add up Interestingly, this happened despite a weak macroeconomic backdrop, which remained challenging for Bitcoin.
According to AMBCrypto’s previous report, the U.S. 10-year Treasury yield climbed to around 5.12% on the 23rd of September, its highest level since 2007, even as Bitcoin moved above $87,000.
At the same time, the Fed’s hawkish stance, persistent inflation concerns, and stronger September PMI data increased expectations of another rate hike.
Needless to say, all these factors have the potential to keep financial conditions tight and reduce liquidity available for riskier assets such as Bitcoin. For its part, falling Brent crude prices below $100 offered some potential relief on inflation, but oil remained elevated.
Yet, despite these headwinds—and the CLARITY Act’s failure to advance—Bitcoin still recovered from around $75,000 to above $87,000. And this was only possible because of the strong demand for Bitcoin ETFs.
Roadblocks remain However, the current market conditions are raising red flags as Bitcoin’s price was was trading at $82,956.98 at press time after a drop of 2% in the past 24 hours.
Meanwhile, the Bitcoin exchange netflows chart highlighted a negative netflows streak, indicating that more BTC was moving out of exchanges than into them during this period.
Source: CryptoQuant But this in a practical sense is a good sign, as such withdrawals do reduce the amount of Bitcoin immediately available for selling.
Altcoin ETF past week performance While all this was happening around Bitcoin ETFs, other altcoin ETFs also remained positive in the past week.
Ethereum [ETH] ETFs recorded $689.88 million, Solana [SOL] ETFs followed with $188.22 million, while XRP ETFs attracted $75.59 million. Lastly, Hyperliquid [HYPE] ETFs also recorded positive inflows of $9.25 million.
Source: SoSo Value Overall, this shows that investor interest extended beyond Bitcoin, with Ethereum accounting for the largest share of the reported altcoin ETF inflows.
Final Summary The total net inflows peaked at $999 million on the 21st of September, led by BlackRock’s IBIT with $381.4 million. This happened despite a weak macroeconomic backdrop, which remained challenging for Bitcoin.
