Morpho na Base spustilo půjčky proti tokenizovaným akciím Coinbase, přičemž držitelé pěti tokenů mohou získat USDC proti zástavě. Dosud bylo zastaveno 104 401 USD a vypůjčeno 54 652 USD.
Holders of five Coinbase stock tokens can pledge them for USDC loans on Base.
Lending and borrowing against Coinbase's tokenized stocks is live on Base, Morpho said in a post on X. Holders can pledge the tokens and draw USDC at variable or fixed rates.
The markets make Coinbase's stock tokens collateral. Coinbase began issuing them in August for users outside the United States, who hold them in self-custodial wallets rather than a brokerage account. Pledging them on Morpho lets a holder raise dollars without selling the position.
Borrowers have pledged $104,401 of stock tokens and drawn $54,652 against them, with $60,265 supplied across five markets, Morpho's application programming interface, or API, showed at 9:48 a.m. ET. Steakhouse Financial curates all five, and its two Steakhouse High Yield USDC vaults supply 98.9% of the dollars in the largest of them.
Five Of Ten TickersMarkets exist for Apple (AAPLc), Alphabet (GOOGLc), Nvidia (NVDAc), Meta Platforms (METAc) and SpaceX (SPCXc). Base's stocks page lists ten Coinbase tokens, adding Amazon, Microsoft, Strategy, SanDisk and Tesla. Those five have no Morpho market.
The Apple, Nvidia, Meta and SpaceX markets carry a liquidation loan-to-value, or LLTV, of 62.5%. The Alphabet market is set at 77%.
All five were deployed on Sept. 7. Borrowing stayed under $600 until Sept. 16, when it rose from $503 to $42,105 in about two hours, Morpho's historical data shows. It has grown to $54,652 since.
One Curator Sets TermsSteakhouse Financial's Steakhouse High Yield USDC vault holds $29.9 million and pays 5.18% net. It and its earlier version supply $24,540 of the $24,805 lent into the Apple market. A third vault, Chipworks USDC, supplies $262, and two wallets supply less than $3 between them.
Stock-backed markets and their parameters and compliance controls are deployed and set by curators, Morpho said in a reply to its own post, and the markets are "not available to US persons or persons in other restricted jurisdictions."
The market contracts carry no permissioning of their own. The enter gate and liquidator gate on each fixed-rate market are set to the zero address, Morpho's API shows. The restriction sits with the tokens, which Coinbase issues through Coinbase Onchain SPV Ltd under Abu Dhabi Global Market prospectuses and offers only outside the U.S.
The Fixed Side Is EmptyMorpho's fixed-rate layer, Midnight, has 19 USDC markets against each of the five tokens, 95 in all. Maturities run daily through Sept. 30, then Oct. 30, Nov. 27, Dec. 25 and March 26, 2027, alongside one open-ended market per token. Every one shows zero units outstanding.
All the borrowing so far is in the variable-rate markets. Morpho launched Midnight on Base in July and extended it to Ethereum this month.
Chainlink Sets The PriceEach market reads a Chainlink feed through Morpho's Chainlink V2 oracle adapter. The Apple feed printed $335.49 at 1:42 p.m. UTC Friday, against a DefiLlama price of $337.52 for the token.
A market at 62.5% LLTV liquidates at a 12.67% penalty. No liquidation has been executed in the Apple market since it was deployed. The largest borrower there holds 113.46 AAPLc against a 20,360 USDC loan, a health factor of 1.17.
Rates Run HotThe Apple, Alphabet and Nvidia markets sit at 90% utilization, the target in their interest rate model. Borrowers pay 5.62% and lenders earn 5.06%. The Meta market is at 97%, past the target, where the curve steepens: borrowers pay 17.52% and lenders earn 16.98%.
A Small Collateral PoolThe five tokens have about $11.4 million outstanding on Base, based on their contract total supply and Morpho's price feeds. The $104,401 pledged on Morpho is under 1% of that.
Morpho holds $4.03 billion in deposits on Base and $10.42 billion across chains, DefiLlama shows. Base's stocks page also lists Aave and Euler as places to borrow against the tokens.
MORPHO trades at $2.40, up 11% over 24 hours, with a market capitalization of $1.68 billion, CoinGecko data shows. Bitcoin rose 4.9% and ether 4.3% over the same period.
Circle spustila Arc a už v prvním týdnu na ni umístila 649 milionů USD v USDC a 7 milionů EURC. Síť má přes 100 účastníků včetně BlackRock, Visa, Mastercard a DTCC.
Circle just did something that most Layer 1 blockchains spend years trying to accomplish. It launched Arc, an EVM-compatible blockchain purpose-built for financial markets, and within its first week the network is already tapping into the $74 billion USDC supply flowing across more than 30 chains.
The mainnet went live on September 16, and the opening numbers tell a story of institutional muscle flexing. Circle deployed $649 million in USDC and $7 million in EURC on Arc at launch, backed by an ecosystem of over 100 participants that includes some of the biggest names in traditional finance.
What Arc actually is Arc features sub-second transaction finality and target fees of about $0.01 per transaction. USDC serves as the native gas and settlement asset, which means every transaction on the network runs through Circle’s stablecoin rather than a volatile native token.
Advertisement
The launch roster includes BlackRock, Visa, Mastercard, and DTCC. On the DeFi side, Arc integrated with Aave, Morpho, and Uniswap from day one.
The ARC token and its $3B valuation Circle minted 10 billion ARC tokens during the genesis event, splitting them across three buckets. The ecosystem development fund received 60%, Circle itself retained 25%, and long-term reserves account for the remaining 15%.
A $222 million presale preceded the launch, pricing the ARC token supply at a $3 billion fully diluted valuation. The ARC token is designed to eventually serve governance, utility, and coordination functions across the network. Circle has outlined plans to transition Arc to a proof-of-stake consensus mechanism in 2027, at which point ARC tokens would play a central role in network validation. Until then, the network’s transaction layer will continue to run on USDC.
USDC’s broader position The total circulating supply of USDC sat at approximately $74.22 billion as of September 14, just before Arc’s launch. Arc’s cross-chain infrastructure supports the Cross-Chain Transfer Protocol, which enables USDC movement across more than 30 networks. The network also supports over 22 fiat-linked stablecoins, positioning Arc as a broader multi-currency settlement layer.
Jeremy Allaire, Circle’s CEO, has described Arc as a pivotal advancement in the company’s trajectory.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Zcash developers are targeting Nov. 5 for the NU7 upgrade, which would cut block times to 25 seconds from 75 seconds and make private payments faster.NU7 would temporarily remove about 60% of transaction fees from circulation, with the funds scheduled to return as mining rewards beginning in February 2031.The upgrade preserves Zcash’s issuance and halving schedule by reducing rewards per block and tripling the halving interval, while its final activation decision is due Oct. 20.Zcash developers are targeting Nov. 5 an upgrade that would cut the time between blocks from 75 seconds to 25 to go live. The NU7 upgrade would also begin setting aside part of the network’s transaction fees for future mining rewards.
The timetable follows talks among the core builder teams Zcash Foundation, Project Tachyon, Valar, ZODL and Shielded Labs. The groups and engineering teams reached unanimous agreement on the upgrade’s contents after a series of community and coinholder polls.
About 2.4 million ZEC participated in the vote, equal to 66% of the eligible pool. Some 98.9% backed keeping Zcash’s existing halving schedule, while 96.6% chose February 2031 as the starting point for returning collected fees to miners.
Developers of payments-focused projects such as Zcash envision money moving directly from a person’s wallet to a business or another person over a blockchain, rather than through banks or card networks such as Visa and Mastercard. That lets people hold and spend digital money from their own device, including online and across borders, without a bank or card issuer processing each payment.
Public blockchains create a privacy problem. Paying from a visible address can expose its balance, previous transactions and links to other addresses. A shielded Zcash payment hides the sender, recipient and amount from the public record, allowing a customer to pay without handing the merchant or anyone watching the blockchain a searchable trail into their finances.
Zcash block timesBlocks are batches of transactions that miners add to a blockchain, and a payment receives its first confirmation when it appears in one. Cutting Zcash’s target block time would let an exchange or bridge that waits for a fixed number of confirmations release ZEC in about one-third the time.
At a shop counter, it would still be slower than tapping a card, but the shorter wait makes a direct private payment more practical, in the view of Zcash’s developers.
Producing three times as many blocks would not create three times as much ZEC, however. The proposal divides the reward paid with each block by three and extends the halving interval from 1.68 million blocks to 5.04 million, leaving issuance over time largely unchanged.
NU7 would also introduce Zcash’s Network Sustainability Mechanism.
Roughly 60% of transaction fees would be temporarily removed from circulation, rather than paid to miners, under ZIP-235. Those coins are intended to return through block rewards beginning in February 2031, adding to miner income as Zcash’s regular issuance falls through successive halvings.
The upgrade would disable the older transaction format but introduce no new formats. Wallets are not expected to require significant changes, though full nodes, indexers and block explorers may need updates.
Code is due to be completed by Sept. 30 before NU7 reaches Zcash’s test network on Oct. 6. Developers will make the final mainnet decision and choose an activation height on Oct. 20, leaving Nov. 5 as a target rather than a confirmed launch date.
Read More: Zcash holders overwhelmingly back faster transactions and bitcoin-style halvings
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.
Grayscale plans a 3-for-1 split for ZCSH. Split-adjusted trading is scheduled for September 30. The move follows rapid growth since its August debut. Options make the lower share price more relevant. Grayscale plans a 3-for-1 share split for its Zcash ETF (ZCSH) less than five weeks after its NYSE Arca debut, following a rapid increase in assets and the launch of an options market around the product.
Shareholders of record on September 28, 2026 will receive two additional shares for every ZCSH share they hold, with split-adjusted trading expected to begin on September 30. The adjustment triples the number of shares held while reducing the value represented by each share proportionately.
What the ZCSH Split Means for Investors A forward split changes the unit size of an investment, not its underlying economics.
For example, an investor holding 10 ZCSH shares at $300 each would have a $3,000 position. After a 3-for-1 split, that investor would hold 30 shares worth roughly $100 each, assuming the underlying value remained unchanged.
The fund does not acquire additional ZEC because of the split, and an investor’s proportional ownership does not increase simply because the number of shares changes.
The practical effect is a lower nominal price per ZCSH share, which can make smaller position sizes easier to construct for investors who do not use fractional shares.
ZCSH Crossed $500M Within Two Weeks The timing follows an unusually active first few weeks of exchange trading.
ZCSH began trading on NYSE Arca on August 25, giving brokerage-account investors spot exposure to ZEC without requiring them to purchase and custody the cryptocurrency directly. Grayscale described it at launch as the first exchange-traded product globally offering spot ZEC exposure.
Two weeks later, the fund reported more than $500 million in assets under management, while options on ZCSH began trading on NYSE Arca the same day.
The headline AUM figure, however, needs some context.
Grayscale said cumulative inflows since the ETP launch exceeded $70 million, while another approximately $100 million came from DCG International Investments, an indirect subsidiary of Digital Currency Group. DCG is also the indirect parent of Grayscale Investments Sponsors, making that investment affiliate capital rather than independent investor demand.
The sequence has moved quickly: ZCSH launched on August 25, crossed $500 million and added options on September 8, and announced its planned share split on September 18.
Options Give the Split More Practical Significance For someone simply holding ZCSH shares, the split is largely an adjustment to the size of each unit.
The options market makes the lower share price more consequential.
Standard U.S. listed equity and ETF option contracts typically represent 100 shares. The nominal share price therefore influences the dollar exposure represented by a standard contract.
A lower ZCSH share price can make options positions easier to size once the derivatives market has been adjusted for the split.
Existing contracts require their own treatment to preserve economic equivalence through a corporate action. The precise adjustment for outstanding ZCSH options should therefore be taken from the relevant exchange and Options Clearing Corporation notices rather than assuming that existing contracts simply convert into ordinary post-split contracts.
This makes options activity after September 30 more informative than the split itself. Open interest, trading volume and bid-ask spreads will show whether reducing the nominal share price actually broadens participation.
ZCSH Is Structurally Different From a Conventional ETF The product’s regulatory structure also deserves attention.
Despite its Zcash ETF name, Grayscale states that ZCSH is an exchange-traded product that is not an investment company registered under the Investment Company Act of 1940. It therefore does not receive the same regulatory protections as ETFs and mutual funds registered under the 1940 Act.
Investors also do not own ZEC directly. They own shares providing exposure to the cryptocurrency held through the fund structure.
That distinction is particularly useful for crypto-native investors because a traditional share split should not be confused with a change in a cryptocurrency’s token supply.
Nothing about the ZCSH split changes Zcash’s 21 million ZEC maximum supply, its issuance schedule or its network economics.
September 30 Will Shift the Focus to Liquidity The split comes after ZCSH moved from launch to more than $500 million in reported AUM and an active options market within weeks. But none of those developments means the split itself creates additional demand for ZEC.
The more useful test begins after split-adjusted trading starts.
Share volume, bid-ask spreads and options open interest will indicate whether the lower nominal price improves trading accessibility. Future fund flows will separately show whether outside investors continue adding capital after the initial launch period.
That distinction matters because ZCSH’s early growth contains several components: existing assets, independent inflows, an affiliate investment and changes in the market value of its ZEC holdings.
The 3-for-1 split changes none of those fundamentals. What it can change is the size of the unit through which investors trade them, making liquidity after September 30 the more meaningful number to watch.
Alexander Zdravkov is a crypto journalist and market analyst specializing in digital assets, blockchain technology, and the rapidly evolving cryptocurrency market. He entered the industry more than four years ago, drawn to the speed of innovation in crypto and the potential of blockchain-based financial systems to reshape traditional markets. His work focuses on understanding the forces behind crypto market movements, from Bitcoin and altcoin cycles to institutional adoption, regulation, exchange-traded products, stablecoins, DeFi, and emerging blockchain ecosystems. Rather than simply following price action, Alexander looks at liquidity, investor positioning, market structure, and macroeconomic conditions to identify developing trends and explain what they could mean for digital assets. With a degree in International Relations, he brings a broader perspective to cryptocurrency coverage by connecting developments in the sector with monetary policy, geopolitics, regulation, and global capital flows. This allows him to examine crypto not as an isolated market, but as an increasingly interconnected part of the global financial system. Over the course of more than five years in financial journalism, Alexander has written over 5,000 articles covering cryptocurrencies, blockchain, traditional markets, and the global economy. His reporting spans Bitcoin, Ethereum and altcoins, DeFi protocols, institutional crypto adoption, regulation, market infrastructure, security incidents, and major developments shaping the wider digital asset industry. His approach is centered on giving readers context behind the numbers and headlines, explaining not only what is happening in crypto markets, but why it matters and what could come next.
Zcash se po průrazu nad 1 500 USD dostal prakticky do price discovery a obchodoval kolem 1 455 USD po intradenním maximu 1 535,82 USD. Analytici upozorňují, že může přijít korekce o 10 % až 15 %.
Zcash price traded near $1,455 on Sep. 18 after retreating from an intraday high of $1,535, while technical indicators and liquidation data pointed to continued volatility around the $1,500 level.
Summary
Zcash price fell about 5.2% from its $1,535 intraday high to trade near $1,455. The 4-hour RSI remained bullish at 68.35 but moved below its signal average. Liquidation data showed major liquidity near $1,420 and between $1,540 and $1,550. Analysts said ZEC was entering price discovery but warned that a 10%–15% correction remained possible. Zcash price action today Zcash (ZEC) price rose as high as $1,535.82 before sellers pushed the token back below $1,500, according to the daily chart. ZEC traded at approximately $1,455 at the time of writing, down 0.78% during the current daily session.
The pullback came after an accelerated advance from the $1,100 area. ZEC broke above $1,250 and $1,375 with limited consolidation before testing the $1,500 Murrey Math resistance level.
Zcash price daily chart — Sep. 18 | Source: crypto.news Price has gained more than 190% since trading near $500 in August. ZEC has also established a sequence of higher highs and higher lows across the daily and 4-hour charts, keeping its wider uptrend intact despite the latest retreat.
The daily Stochastic RSI started recovering from lower levels, with the faster line at 43.69 and the signal line at 30.61. The crossover showed that daily momentum was rebuilding after the indicator cooled during an earlier consolidation.
However, the rejection above $1,500 showed that sellers remained active near the psychological level. ZEC would need a confirmed daily close above that zone to reduce the risk of a deeper pullback.
What is driving the ZEC rally? The rally followed the Zcash community’s vote on proposals tied to the Network Upgrade 7 roadmap. Nearly 99.9% of participating ZEC reportedly backed reducing the network’s target block time from 75 seconds to 25 seconds, while 98.9% supported keeping its current halving schedule.
The proposed change would shorten transaction confirmation times without increasing daily issuance because the block reward would be adjusted for the faster schedule.
Paradigm co-founder Matt Huang also disclosed the venture firm’s exposure to Zcash in a Sep. 16 post. Huang discussed the network’s development funding and said Paradigm considered the fund important to Zcash’s future.
The disclosure added an institutional element to a rally already supported by the governance vote and renewed interest in privacy-focused cryptocurrencies.
US investors can also access regulated ZEC exposure through Grayscale’s Zcash ETF, which trades on NYSE Arca under the ticker ZCSH. The product gives brokerage customers exposure without requiring them to hold ZEC directly, though its market price can differ from the value of its underlying assets.
Zcash technical indicators remain bullish The 4-hour chart showed that ZEC’s momentum remained positive even as the token retreated from its latest high.
Zcash price 4-hour chart — Sep. 18 | Source: crypto.news The moving average convergence divergence indicator stood at 88.30, above its signal line at 76.33. Its positive histogram reading of 11.98 indicated that buyers still controlled the broader momentum trend.
However, the histogram had begun to contract. A continued decline would show that the speed of the rally was slowing, increasing the possibility of consolidation or a short-term correction.
The 4-hour relative strength index stood at 68.35, just below overbought territory. The RSI had also fallen below its moving average at 73.86, showing that short-term buying pressure had eased after the move above $1,500.
ZEC’s immediate resistance sits between $1,500 and the intraday high of $1,535. A 4-hour close above $1,535 could open a move toward the next Murrey Math targets at $1,625 and $1,750.
The first important support lies near $1,420, followed by the former breakout level at $1,375. A close below $1,375 could expose $1,250, which previously acted as a major reversal level.
Liquidation clusters frame the next move The 24-hour liquidation heatmap showed a dense concentration of leveraged positions around $1,420. The band was the strongest nearby liquidity pool below the market and could attract price if the current pullback continues.
Zcash liquidation heatmap | Source: CoinGlass Additional liquidity appeared between $1,440 and $1,460, placing ZEC near an area where forced closures could increase short-term price swings.
Above the market, the largest nearby concentration sat around $1,540 to $1,550. A recovery above $1,500 could push ZEC toward that zone as short positions become vulnerable.
A larger but more distant liquidity area was visible around $1,580. On the downside, notable clusters appeared near $1,400, $1,375 and $1,345.
The distribution leaves ZEC between sizable liquidity pools on both sides. A break below $1,440 would favor a test of $1,420, while reclaiming $1,500 could bring the $1,540–$1,550 area back into focus.
What analysts are saying Pseudonymous trader Altcoin Sherpa described ZEC as the strongest asset in the market but said the rally could still experience a sharp correction.
“Would like to see some chop and then another leg up to 2K,” the analyst wrote, adding that a 10%–15% decline could offer another entry if the wider trend remained intact.
A correction of that size from $1,500 would place ZEC between approximately $1,275 and $1,350. The range overlaps the $1,250 Murrey Math support and the previous breakout area near $1,375.
Another pseudonymous analyst, Scient, said ZEC was “practically into price discovery” after moving beyond its previous chart resistance. The analyst identified the former highs near $800 as a potential long-term support area if ZEC experiences a much larger correction later in the cycle.
For the shorter-term setup, $1,420 remains the level separating a limited pullback from a possible test of $1,375. Bulls must reclaim $1,500 and clear $1,535 to restore momentum toward $1,625.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Delphi Digital zveřejnila svůj report o Zcash a zdůraznila rostoucí adopci shielded poolů. Podíl ZEC v nich za rok vzrostl zhruba z 11 % na téměř 30 %.
Delphi Digital just made its deep-dive Zcash report available to the public. Titled “Zcash: Encrypted Money for a Surveilled World,” the report lays out a case that ZEC has been building momentum on multiple fronts: shielded-pool adoption is surging, a major protocol upgrade is on the horizon, and regulatory headwinds have calmed considerably.
The headline number is hard to ignore. The share of Zcash’s circulating supply held in shielded pools jumped from roughly 11% to nearly 30% in the span of a single year. Nearly 1 million additional ZEC migrated into shielded addresses since October 2025 alone.
Privacy adoption is accelerating Zcash has long offered optional privacy through its shielded transactions powered by zk-SNARKs, a form of zero-knowledge cryptography that lets users prove a transaction is valid without revealing the sender, receiver, or amount. The problem was that most users never bothered to use it. Transparent transactions were easier, and the privacy pool remained small enough that using it could, paradoxically, draw attention.
Advertisement
The transaction volume data underscores the growing activity. ZEC recorded approximately $285 million in transaction volume over a 30-day window before the report’s February 5 publication date. For comparison, Bitcoin logged $348 million in the same timeframe.
The Tachyon upgrade and quantum resistance Perhaps the most forward-looking element of Delphi’s analysis centers on the Tachyon upgrade, a protocol overhaul scheduled for completion by the end of 2026. Tachyon aims to improve transaction efficiency and scaling while layering in post-quantum privacy features.
The “harvest now, decrypt later” threat is real. Adversaries can store encrypted blockchain data today and attempt to crack it once quantum hardware matures. The Tachyon upgrade would incorporate cryptographic primitives designed to withstand quantum attacks, making ZEC one of the few major digital assets proactively addressing the threat.
Regulatory clarity and institutional interest The SEC concluded its investigation into the Zcash Foundation without taking any enforcement action. That regulatory clarity appears to be catalyzing institutional moves. Grayscale is actively pursuing a spot ZEC ETF, which would give traditional investors exposure to Zcash through a familiar wrapper without needing to manage private keys or navigate crypto exchanges directly.
Delphi’s report notes high-profile stakeholders including the Winklevoss twins and VanEck as supporters of the Zcash ecosystem.
A vulnerability that was discovered and patched in Zcash’s Orchard layer reportedly caused notable market fluctuations, serving as a reminder that cutting-edge cryptography carries its own risks.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aave’s new lending market on the Arc network has attracted almost $125 million in USDC. However, borrowers have taken out less than $600,000, leaving nearly all that money unused.
That imbalance shows that putting money into a fresh market is not creating an actual lending business. The test for Aave is to see if demand from the borrowers can catch up.
USDC deposits rise rapidly on Aave V4 Aavescan data from September 18 shows around $124.8 million in USDC supplied by users to Aave V4’s Arc market.
A sharp increase from the $75.8 million one day earlier and the $24.5 million in excess reserves on September 16. That means roughly a 65 per cent jump in a day and more than a fivefold increase since the market began attracting excess liquidity in recent times.
Earlier reports published on 17 September placed deposits at roughly $76 million, with almost no borrowing. Those figures are stale now, but the broader problem they highlighted remains.
The most recent reading shows the rise being even heavier, having risen to around $568,300. This increase from the reading when borrowing reached as low as some $73,400 on the midnight of September 18 suggests there may be some sign of a demand appearing now.
Source: Aavescan However, despite this, borrowers are still only utilizing 0.46% of the available USDC; more or less 99.5% remains untouched.
Why unused deposits matter Aave connects people who want to lend their crypto with those who want to borrow it. Depositors generally earn interest from the fees paid by borrowers.
When borrowing demand is weak, there is little interest to distribute. The Arc market currently displays a supply return of 0.00%, while its borrowing rate is around 0.02%.
Perhaps, all in all, the $125 million deposit is not as remarkable as first glance might suggest. The cash is there, yet it is not generating real lending or returns for suppliers in either case.
Still, the market is only in its earliest days. Lending markets need to have money supplied for borrowers to become confident in using them. The surge in deposits might therefore sow the seeds for future market activity, not an evidence of a lasting problem.
For now, the pace of borrowing, not the amount deposited, will be the clearest measure of whether Aave’s expansion onto Arc is gaining practical adoption.
Final Summary USDC deposits increased to roughly $124.8m, and borrowing remained below $600k. Utilization is just 0.46%, providing depositors with an effectively 0% interest return.
UNI vyskočil z 6,63 USD na 8,49 USD poté, co SEC představila dočasný rámec pro obchodování tokenizovaných amerických akcií přes permissioned AMM platformy. Uniswap to podpořilo i díky souladu s jeho technologií permissioned pools.
The Uniswap (UNI) token recorded a sharp surge, rising from $6.63 to $8.49, following the United States Securities and Exchange Commission’s rollout of a provisional regulatory framework permitting certain tokenized US equities to trade via permissioned automated market maker (AMM) platforms.
SEC approval sparks price actionAlthough the SEC did not issue a direct endorsement of Uniswap or its v4 protocol, the new regulatory structure aligns closely with Uniswap’s existing permissioned pools technology. This framework enables the compliant trading of tokenized equities using AMMs and is considered a significant step in regulatory clarity for decentralized finance platforms handling real-world assets.
Uniswap introduced its Permissioned Pools feature in July 2026, partnering with firms such as Superstate, Securitize, and Dowgo. These pools exclusively permit participation from verified wallet addresses through integrated compliance measures, ensuring that liquidity providers meet regulatory requirements.
The SEC’s framework also delivers conditional exemptions to qualified liquidity providers contributing to these pools. Market sources suggest that this could enable a broader set of institutions and investors to participate in Uniswap’s ecosystem while maintaining regulatory compliance.
Market reaction and analyst outlookFollowing the regulatory development, UNI broke above the $6.50 resistance level and briefly touched $8.86 before settling near $8.53. The move coincided with a surge in open interest, which reached 11.21 million UNI, reflecting heightened derivatives activity.
Market analyst Crypto Patel, posting on X, noted that UNI has jumped 285% from his previously recommended accumulation zone. He identified $9.50 as the next critical level, arguing that clearing this resistance could set targets at $14, $26, and possibly $50. A failure to hold could place $5.40 as the main downside support.
Derivatives market data further revealed that UNI trading volume climbed 64.27% to $1.23 billion, reflecting robust speculative interest after the SEC’s announcement.
Technical indicators and near-term levelsCurrently, the Relative Strength Index (RSI) stands at 76.24, indicating UNI is in overbought territory. While this underscores ongoing upward momentum, analysts warn that excessive speculation could result in short-term price consolidation or retracement.
UNI trades above its 20, 50, 100, and 200 exponential moving averages, with Bollinger Bands showing an expansion phase. The upper band is now around $7.55, and the 20-period simple moving average offers dynamic support near $5.99.
Critical resistance levels are positioned at $8.86, $9.35, and $10.15. Analysts are watching these zones closely, with a successful breakout potentially leading to a monthly target near $12 for UNI.
In a market environment where rapid regulatory shifts or sudden altcoin listings can change trading dynamics within seconds, traders face the challenge of monitoring multiple platforms for price charts, news, and portfolio updates. As a result, experienced investors increasingly opt for privacy-first platforms such as CryptoAppsy, which allow users to consolidate charts, real-time alerts, relevant news, and macroeconomic data on one screen—without the need to create an account.
Underlying platform fundamentalsBeyond recent token price moves, Uniswap processed over $70 billion in transaction volume in the past month and now supports more than 1,700 tokenized real-world assets. Technical upgrades also continue, with recent expansions involving Ink integration across the platform’s Web Application, Wallet, and API, as well as deployment of Arc functions on multiple Uniswap versions and UniswapX.
As the regulatory landscape continues to evolve, Uniswap’s combination of technical development and compliance-focused innovation remains under close watch from both market participants and institutional stakeholders.
NEAR Protocol za 24 hodin vyskočil o 30 % na 3,54 USD, protože TVL v Confidential Intents překročila 70 milionů USD. Projekt také spustil důvěrné perpetual obchodování s Hyperliquid.
Near Protocol price jumped 30% within 24 hours, reaching $3.54 during a sharp September 18 rally as trading activity intensified.
Near price briefly touched $3.53 earlier, marking its highest level in nearly one year.
The NEAR has now gained more than 100% during its recent advance, strongly outperforming other major cryptocurrencies. Bitcoin price rose about 18% over the comparable period, while Ethereum recorded a gain near 28%.
Near Protocol Price Surges as Confidential Intents TVL Tops $70 Million The biggest push behind the most recent actions was growth throughout NEAR’s confidential finance ecosystem. TVL’s (total value locked) inside Confidential Intents surpassed $70 million, with the likelihood of greater adoption and market liquidity.
This milestone triggered the reward launch, [email protected], which rewards qualifying ecosystem participants with tokens. The project successfully accomplished first Drop 1 account snapshot on 15 September.
🚨ZCASH PUMPED SO HARD THE ETF IS ALREADY SPLITTING!$ZCSH only listed on NYSE Arca on Aug. 25 and Grayscale is already doing a 3-for-1 split.
One share becomes three after Sept. 28. Value stays the same.
The cheaper share makes $ZCSH easier to buy. More buying forces the fund… pic.twitter.com/gbmoyJGR0M
— Crypto Banter (@crypto_banter) September 18, 2026
A total of 333,333 milestone tokens will be distributed among eligible users but will be locked upon distribution. For the unlock to occur it will need for the three day period, the volume weighted average Near Protocol price to be at or above $3.33.
Free Wi-Fi drove more people to wait or “freeze” their Wi-Fi tokens at the necessary price. This activity decreased supply and directly impelled demand in spot markets.
Hyperliquid-Powered Private Perpetual Trading Strengthens NEAR Demand NEAR also launched confidential perpetual trading with Hyperliquid, providing even another use case. Traders can buy and sell leveraged positions without showing their position sizes, entry positions, or trading activity publicly.
The service leverages the use of NEAR Intents and a private shard, protecting sensitive transaction data. Users can access over 50 perpetual markets without losing control of their funds.
The deposits are available from more than 35 blockchains, without requiring the use of multiple wallets or manual bridging. The assets are moved from network-to-network by NEAR Intents, while Hyperliquid take care of the actual execution of derivatives.
The leverage at the interface is up to 40 times, making it useful for more active derivatives traders. Hyperliquid handled around $240 billion in perpetual volume over the past 30 days.
NEAR Targets $4 as Trading Volume and Market Momentum Accelerate Near Protocol price advanced from $2.34 to around $3.45 within three days before extending its rally. Upward volume growth of more than 120% witnessed continued participation of retail and large market players.
Moreover, there are signs of increased demand as evidenced by an inflow of around $5.01 million in fee income from recent operations.
The other element was the further improvement in market conditions after the September Federal Reserve policy decision, which removed some of the uncertainties. As Bitcoin price was nearing $77k, and the broader altcoin market rose, risk appetite returned.
The interest in tokenization also grew with a U.S. Securities and Exchange Commission innovation exemption statement.
The Near price surged above $3.50 on Friday, extending its rally inside a steep four-hour ascending channel.
Resistance is present at the channel high around $3.60, where the token finds resistance to more up-side movement. If the future NEAR outlook confirmed, a breakout could be an opportunity to $4.00 and a further extension to $4.50
The MACD was bullish with the main line above the signal line at 0.270 and 0.163 respectively. The positive histogram also indicates that momentum is expected to continue.
Source: TradingView The RSI trended at 89, pushing Near Protocol price further into the overbought zone with a higher risk of short-term pullbacks.
Failing to clear $3.60 could usher in profit-taking near the channel’s bottom boundary near $3.20. The current bullish setup is supported by the $3.00 region, which is the highest level of support currently on the chart.
Solana surged to $112 on Thursday, rising about 11% on the day and reaching its highest level since January.
The Bitwise Solana Staking ETF (BSOL) climbed to $15.54, up 12.04%.
BSOL had already seen roughly $85 million in trading volume.
HOT Stories
The Solana derivatives data is decisively bullish, but it also shows that leverage is becoming increasingly important to the rally.
CoinGlass data shows that total futures open interest sits near $7 billion.
You Might Also Like
Solana liquidations reached $38.21 million over 24 hours. Notably, $36.72 million came from shorts versus just $1.48 million from longs. In other words, roughly 96% of the liquidations were bearish positions.
SOL generated around $12.14 billion in 24-hour futures volume compared with just $1.49 billion in spot volume.
Fresh catalysts The move appears to be getting support due to a slew of fresh catalysts.
Earlier this week, the Solana Foundation announced Project Harmonia. The program has linked Solana with Allfunds, the world’s largest fund distribution network. Allfunds connects more than 3,300 asset managers and financial institutions and oversees around €1.9 trillion in assets under administration.
The Foundation also said Solana’s real-world asset value topped $4 billion, with more than 350,000 addresses holding RWAs on the network. It also reported that xStocks exceeded $500 million in assets under management.
Last month, Solana announced that MoneyGram Ramps had gone live on the network with deposits in more than 25 countries and cash withdrawals in over 170 countries and territories. This was a major win for payments-related adoption.
The Solana network has also recorded notable technical performance improvements. In August, it was announced that target slot times would be reduced from 400 milliseconds toward 200 milliseconds in stages.
Hence, traders are responding to fresh ETF demand, tokenized assets as well network upgrades, and the rally is not just based on pure speculation.
Injective Protocol ($INJ) je nyní dostupný v peněžence Phantom, takže uživatelé mohou přímo v peněžence držet, obchodovat, půjčovat i směňovat tokeny. Integrace otevírá $INJ širšímu retailovému publiku v ekosystému Solany.
@Injective Protocol ($INJ) has gone live on @Phantom, bringing one of the fastest-growing Layer 1 DeFi networks directly into the wallet that dominates the Solana ecosystem. The integration marks a meaningful step in making $INJ accessible to a far broader retail audience.
What the Integration Offers $INJ holders can now hold, trade, borrow, and exchange tokens directly through the Phantom browser extension or mobile app, with no additional setup required. Previously, accessing Injective's trading and tokenization tools typically involved navigating separate interfaces or bridging assets across chains. That friction is now removed for Phantom users.
Injective is built as an interoperable Layer 1 blockchain designed for Web3 finance, offering decentralized trading, smart contracts, on-chain governance, low fees, and asset bridging. Because it is built on the Cosmos SDK, it operates differently from standard EVM-compatible chains, which has historically made wallet support more complex to implement.
A Major Distribution Unlock for $INJ The choice of Phantom as an integration target is significant. Phantom is the most recognizable Solana wallet and holds 39.4% of the Solana wallet market, the largest single share among self-custody options on the network. The wallet previously closed a $150 million Series C round at a $3 billion valuation, backed by Sequoia Capital and Paradigm, at the time reporting 15 million monthly active users and $25 billion in self-custodied assets.
Through the integration, users can also access core Injective products such as Injective Hub and popular decentralized applications including Helix, all from within the familiar Phantom interface. For $INJ, this shifts the token from a more niche, chain-specific asset into one that sits comfortably inside the daily workflow of millions of Solana users.
The move reflects a broader trend of Layer 1 networks competing for wallet-level distribution, where embedding into high-traffic interfaces has become as important as raw on-chain performance.
Sources:
Phantom Wallet Statistics 2026: 15M Users, $3B Valuation, SQ Magazine
Phantom Wallet Statistics 2026: 17 Million Peak Users and $325 Million in Revenue, CoinLaw
Injective Phantom Integration Overview, Medium
Arbitrum podle Standard Chartered míří na zhruba 5 milionů USD měsíčních příjmů, tedy více než pětinásobek před spuštěním Robinhood Chain. ARB za 24 hodin vzrostl o 12,18 %.
Arbitrum regains activity after several turbulent weeks. The ARB crypto gained 12.18% in 24 hours, with $561.52 million traded. The movement mainly comes as Arbitrum’s monthly revenues are estimated at around $5 million at the current pace, more than five times their level before the launch of Robinhood Chain. For once, the crypto market rebound comes with a fairly clear improvement in the network’s figures.
In brief The ARB crypto progressed by 12.18% in 24 hours. Arbitrum approaches $5 million in monthly revenues at the current pace. Robinhood Chain pays 10% of its net protocol revenues to the Arbitrum ecosystem. Crypto: Arbitrum’s revenues scale up The starting point is in July. Robinhood Chain launched its mainnet on July 1st using Arbitrum technology. Cointribune had then introduced this layer 2 dedicated notably to tokenized assets and DeFi.
Two months later, the numbers start to weigh in. Standard Chartered estimates Arbitrum’s monthly revenues now around $5 million, more than five times their level before Robinhood Chain’s arrival. This is an annualized pace based on current data, not $5 million already collected over a full month.
The connection with Robinhood is quite simple. Under the Arbitrum Expansion Program, chains using this technology and settling their transactions outside Arbitrum One and Nova pay 10% of their net protocol income to the Arbitrum ecosystem. Robinhood Chain is among these networks.
In July, these licenses had already brought $360,000 to the DAO and accounted for 35% of its monthly revenues. Throughout the first half of 2026, Arbitrum DAO generated $6.19 million from Arbitrum One fees, Timeboost, licenses, and treasury management.
The recent growth is therefore rapid. It is mainly due to a much more active Robinhood Chain than at its launch.
Robinhood Chain reports directly to Arbitrum During the first two weeks of September, Robinhood Chain produced on average $2.8 million in fees per day, according to data used by Standard Chartered. Part of this goes directly into the Arbitrum ecosystem’s accounts.
This is no longer a marginal crypto activity. In early September, Robinhood Chain generated about $33 million in fees over fifteen days, compared to $11 million for Solana and $9 million for BNB Chain over the same period. Cointribune had already detailed the very rapid rise in Robinhood Chain’s revenues.
Standard Chartered bank precisely sees Arbitrum as an infrastructure likely to attract other financial companies. Robinhood provides a first example: instead of building its entire blockchain from scratch, the broker uses the Arbitrum stack and pays a portion of the generated revenues.
Tokenized stocks also play a role in this strategy. Their weekly spot volume approached $3 billion in early August. Robinhood is among the platforms pushing this market towards traditional users, alongside others like Kraken and Ondo.
Standard Chartered has in fact started covering the ARB crypto this week. The bank published several price projections up to 2030. These figures remain analyst forecasts and not a guarantee on the token’s evolution. It itself cites several risks, including slower tokenization than expected and competition from other blockchains. Another key point: ARB holders currently receive no direct share of these revenues.
The ARB crypto rebounds by 12%, traders remain cautious On the market, ARB nevertheless responded strongly. The crypto gained 12.18% over 24 hours, while its volume increased by 5.25% to reach $561.52 million. Short sellers suffered more: $238,640 in short positions were liquidated, against $97,750 in long positions.
Derivatives tell a less clear story. The funding rate weighted by open interest remained around -0.0043% at the time of the data. It had previously dropped to -0.01%. Bearish positions are therefore receding, without having completely disappeared.
For ARB, this is probably the most interesting part of the session. The price rises while the network revenues have also genuinely changed since July. The two movements do not have the same duration: a 12% increase can disappear in a few sessions, while revenues will depend on the activity Robinhood Chain manages to maintain.
And this activity has already become important in the crypto ecosystem. Robinhood Chain now far exceeds its status as a new layer 2 launched this summer. Cointribune has also followed the progression of tokenized stocks towards nearly $3 billion in weekly volume, a market in which Robinhood indeed wants to take a significant place. Arbitrum now has Robinhood Chain, an estimated $5 million in monthly revenues, and an ARB crypto moving again. The figures are stronger than in July. It will be necessary to see if they hold once the market rebound is over.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Zakladatel Flare Hugo Philion navrhl, aby držitelé XRP mohli použít XRP na XRPL jako zástavu a půjčit si RLUSD přes Flare přímo do své peněženky na XRPL. Funkce ale závisí na spuštění bridge Wormhole pro RLUSD a schválení dodatku PermissionDelegationV1_1.
Flare founder Hugo Philion has proposed a way for XRP holders to use their XRP on the XRP Ledger as collateral, borrow RLUSD through Flare, and receive the RLUSD directly in their XRPL wallet.
The idea would let users “borrow RLUSD against their XRP directly from the XRP Ledger” using Flare Smart Accounts, while keeping the borrowed RLUSD on the XRP Ledger.
However, this would require two things:
The Wormhole RLUSD bridge must be operational. XRP Ledger validators must approve the PermissionDelegationV1_1 amendment. PermissionDelegationV1_1 would allow XRPL accounts to give another account permission to perform certain transactions without sharing their private keys. This makes it easier to build more flexible account-management and application features.
How the XRP-RLUSD Flow Would Work Under Philion’s proposal, users will keep their XRP on the XRP Ledger instead of manually moving it between different wallets. Users could represent XRP on Flare as FXRP and use it as collateral to borrow RLUSD. Users can then send the borrowed RLUSD back to their XRP Ledger wallet.
In simple terms:
XRP on XRPL → FXRP on Flare → Borrow RLUSD → Receive RLUSD on XRPL
XRPL validator Vet described Flare as an “extended arm” of the XRP Ledger. In this setup, users deposit XRP on XRPL, receive FXRP on Flare, borrow RLUSD through Morpho, and get the RLUSD in their XRPL wallet without creating a new wallet or account.
The idea builds on Flare’s existing work to connect XRP with Ethereum-based DeFi. Flare has also received approval for an FXRP lending market involving RLUSD, with Morpho providing the lending infrastructure. Flare is developing Smart Accounts that could allow users to authorize the entire process directly from an XRP Ledger wallet.
Honestly, that's a very creative and impressive XRP unlock!
Flare acts as an extended arm for the XRP Ledger here.
Deposit XRP on XRPL -> Flare FXRP -> Borrows RLUSD on Morpho -> Receive RLUSD on XRPL in your wallet.
All that without new accounts or wallets. Even more bullish… https://t.co/PFDS6xsNLI pic.twitter.com/QgZ43yx8ay
— Vet (@Vet_X0) September 16, 2026
Permission Delegation Is Important PermissionDelegationV1_1 is important because it would allow an XRP Ledger account to let another account carry out certain transactions for it.
The feature uses a DelegateSet transaction to give, change, or remove specific permissions. The authorized account can then make approved transactions without taking control of the original account.
For the feature to go live, XRP Ledger validators must approve the amendment. According to XRPL documentation, it needs more than 80% validator support for two weeks before it can be activated.
For now, PermissionDelegationV1_1 is still going through the validator voting process. This means the proposed Flare lending system depends on the amendment being approved and activated.
Community Reacts to Flare’s XRP Lending Idea XRP commentator Eri said the proposal builds on infrastructure created through Ripple’s connection with Wormhole.
In simple terms, users could approve the transaction from their XRPL wallet, keep their XRP on the XRP Ledger, and receive RLUSD at the same address. The lending itself would happen through Ethereum-based infrastructure.
Another XRP community member, Krippenreiter, pointed out that users would start and finish the process on the XRP Ledger, while FXRP would represent their XRP on Flare and act as collateral.
This gives XRP holders access to decentralized lending without manually managing several blockchain accounts. For Flare, the proposal would strengthen its role as a link between the XRP Ledger and Ethereum-based DeFi.
Liquid Network po hacku za 320 milionů USD obnovila běžný provoz, ale peg-outy zůstávají pozastavené. Z odcizených zhruba 4 000 BTC se už vrátilo asi 3 400 BTC.
After the $320 million hack, which shook the crypto community, Liquid Network has largely returned to normal operations. However, one of the main functions, which involved converting LBTC back into Bitcoin [BTC] through peg-outs, is still suspended.
But the good news here is that block production and regular transactions have been running normally since 10th September. This recovery has given users the second chance to move LBTC across the network.
With the step-by-step recovery process, users can now use exchanges, wallets, and other ecosystem services for their liquid-related functions. However, the caution bubble still remains, as not all the Bitcoin involved in the incident has been recovered.
Services resumed after the recovey processes According to the 17th September update, several liquid ecosystem services have resumed activity. Mifiel, for example, has resumed issuing and processing its digital promissory notes, with its batches giving normal confirmation.
Aqua has also restored liquid asset transfers and peg-ins. Moreover, Aqua’s new Indra swap feature is now allowing users to swap between LBTC and Bitcoin on the Lightning Network, although liquidity is currently limited.
This along with other wallet providers are also making a comeback, but LBTC-related services that ultimately require a peg-out remain restricted. This makes sense because those routes require users to eventually move BTC out of Liquid.
Bitcoin recovery is slow but not weak In other words, everything boils down to Bitcoin recovery. So, for those unaware, during the the 6th September incident, roughly 4,000 BTC was withdrawn.
Of that, around 3,400 BTC has since been returned to the Federation reserve, leaving approximately 600 BTC still unreturned.
What’s notable in this recovery milestone is that the technical root cause of the exploit has now been identified. The exploit path has been decoded, and an immediate fix has already been released through Elements v23.3.4, the software underlying Liquid.
All in all, it can be said that for a full recovery, Liquid will ultimately need to restore bridge functions, peg-outs, and exchange support so users can move LBTC and BTC normally again.
Final Summary The exploit resulted in 95% of its Federation peg wallet being withdrawn in a single transaction. Block production and regular transactions have been running normally since 10th September.
HYPE vystřelil na rekordních 90,92 USD poté, co Hyperliquid spustil manuální půjčování. Uživatelé mohou proti zástavě v HYPE a Bitcoinu půjčovat USDC a USDT.
HYPE hit a record $90.92 after Hyperliquid opened manual borrowing, letting users borrow stablecoins against HYPE and Bitcoin collateral.
HYPE, the native cryptocurrency of the Hyperliquid layer-1 blockchain and decentralized trading platform, set a fresh all-time high above $90 on Friday as the protocol rolled out manual borrowing.
HYPE surged as high as $90.92 shortly after Hyperliquid announced users can now supply HYPE and Bitcoin as collateral to borrow the stablecoins USDC and Tether’s USDt (USDT).
“Manual borrows are live on Hyperliquid,” the protocol said, adding that the feature and its portfolio-margin system use the same underlying HyperCore infrastructure. Hyperliquid co-founder Jeff Yan said the design means every borrowed asset comes from a supplier rather than being created through platform-level margin accounting.
Hyperliquid (HYPE) all-time price chart. Source: CoinGeckoThe new feature lets users borrow USDC or USDT directly against HYPE or Bitcoin collateral, extending direct access to borrowing beyond Hyperliquid’s portfolio margin system. Hyperliquid reported $269 million in assets borrowed across the underlying infrastructure on Friday.
The rollout comes two days after Payward, the parent company of cryptocurrency exchange Kraken, on Wednesday announced plans to deploy onchain perpetual futures markets for US clients, starting with Hyperliquid’s HIP-3 markets.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
XRP Ledger přichází s verzí 3.4.0, která přináší větší vylepšení výkonu, spolehlivosti a bezpečnosti. Aktualizace přidává také dvě nová schválení včetně vylepšené funkce pro lending.
XRP Ledger, the distributed blockchain network that underpins $XRP, has rolled out a major software upgrade aimed at boosting efficiency, reliability, and security across its system.
Main features of version 3.4.0Version 3.4.0, launched this week, introduces a broad range of improvements, protocol changes, and bug fixes. The update also brings two new amendments, including an enhanced version of the network’s lending functionality. These changes collectively aim to streamline network operations and offer a more robust foundation for future developments.
While most adjustments take place under the hood, they are critical for how XRP Ledger servers operate. These servers are responsible for validating transactions, maintaining ledger copies, and interacting with other infrastructure nodes. By implementing these changes, the network aims to ensure smoother and more reliable performance for all participants.
Performance enhancements and protocol safeguardsAmong the notable updates, version 3.4.0 changes how servers handle the deletion of older ledger data. Previously, servers could continue removing outdated data even when recent transaction histories contained gaps. The new version alters this behavior by automatically pausing online deletion when such gaps are detected. This update is expected to help prevent servers from lagging behind in processing recent transactions during data cleanup.
Another technical enhancement focuses on Multi-Purpose Tokens, streamlining checks so that servers do not unnecessarily re-read the same data to determine if assets are frozen. These refinements are intended to increase the overall speed and efficiency of the network’s operation.
Mini dictionary: Multi-Purpose Tokens (MPTs) are a type of digital asset on the XRP Ledger that can represent various financial instruments or functions beyond simple value transfer, expanding the potential use cases on the network.
The latest release further addresses security by introducing protections against oversized transaction messages and refining server responses to unusual inputs or edge cases. These measures include stricter validation for certain transaction fields and safeguards limiting database operations that could overuse computing resources.
Software improvements and upgrade recommendationsIn addition to security and performance updates, the upgrade features significant maintenance work within the codebase. Developers have modernized numerous components, replaced outdated software libraries, and enhanced the test infrastructure, aiming for long-term network stability.
XRP Ledger’s developer community urges all node operators and administrators to transition their servers to version 3.4.0 promptly. Adopting this release is necessary for continued access to new features and uninterrupted service as the network prepares to implement its latest protocol amendments.
Version 3.4.0 of the XRP Ledger introduces crucial performance gains, a series of bug fixes, and tighter security, with a particular focus on ensuring servers remain up to date and resistant to edge-case scenarios.
The update marks another step in the ongoing evolution of XRP Ledger, which seeks to balance innovation and reliability for both institutional users and everyday participants.
Deutsche Bank rozšiřuje partnerství s Ripple a nasazuje jeho infrastrukturu pro přeshraniční platby, FX operace i úschovu digitálních aktiv. Cílem je zkrátit vypořádání z až pěti pracovních dnů na sekundy.
Deutsche Bank, Germany’s largest financial institution, is expanding its partnership with Ripple by implementing the blockchain company’s infrastructure across key operational areas. The move has reignited interest in the XRP ecosystem as the bank leverages Ripple’s technology for faster and more efficient transactions.
Prominent crypto advocate Amelie (@_Crypto_Barbie) shared that Deutsche Bank is using Ripple’s blockchain platform for cross-border payments, adding that she sees “bright times ahead for $XRP and all its holders.” She highlighted an image from Traders Union with the caption, “Deutsche Bank adopts Ripple tech,” drawing renewed attention to the development within the XRP community.
Deutsche Bank has become another Ripple partner. Supporters believe this integration signals positive prospects for XRP and its holders.
The integration targets three core functions at Deutsche Bank: cross-border payments, foreign exchange operations, and digital asset custody. By leveraging Ripple’s blockchain, the bank aims to shorten settlement times from up to five business days to just seconds and reduce operational costs by as much as 30% according to industry estimates.
Deutsche Bank is also playing a role in SWIFT’s blockchain-based global payments initiative, collaborating with more than 40 major financial institutions. The dual engagement with SWIFT and Ripple situates the bank at the forefront of blockchain-driven financial innovation.
Mini dictionary: Deutsche Bank is one of the world’s largest multinational investment banks and financial services firms, based in Frankfurt, Germany, and recognized for its influence in both retail and institutional banking worldwide.
Area of IntegrationCurrent Settlement TimeTarget with RippleCross-border payments2–5 business daysSecondsForeign exchangeUp to several hoursSecondsCustody servicesSame day—up to several daysMinutes to secondsRipple and Deutsche Bank’s growing relationshipThe collaboration between Ripple and Deutsche Bank has strengthened over the past year. Deutsche Bank joined Ripple’s institutional platform in early 2026, entering a network of leading European financial organizations adopting blockchain solutions for operational efficiency.
In recent months, Ripple secured additional partnerships with Société Générale and Aviva Investors, major European entities collectively managing over $3 trillion in assets. Deutsche Bank remains one of Ripple’s most significant institutional clients, highlighting mainstream banking’s growing appetite for blockchain-based infrastructure.
Implications for XRP demandWhen top financial institutions adopt Ripple’s technologies, it reinforces Ripple’s role in institutional finance. Broader adoption increases potential demand for XRP, particularly if banks deploy Ripple’s On-Demand Liquidity (ODL) service. In that model, XRP functions as a bridge asset for real-time settlement between currencies, a scenario watched closely by XRP holders and market analysts alike.
The rapid integration of Ripple at scale could drive faster settlement, lower costs, and increased liquidity for banks using XRP as a core transactional asset.
Mini dictionary: Ripple’s On-Demand Liquidity (ODL) is a payment solution that uses XRP to enable instant cross-border transfers, eliminating the need for pre-funded accounts in destination currencies.
European adoption continues despite US setbacksThe news of Deutsche Bank’s commitment to Ripple’s infrastructure comes in the wake of legislative challenges in the US, where the Senate recently failed to pass the CLARITY Act aimed at regulatory certainty for cryptocurrencies.
Despite this setback, Deutsche Bank’s ongoing integration of Ripple technology highlights a trend toward accelerated blockchain adoption within Europe’s leading financial sector. The region’s institutions are making progress independently of US regulatory timelines.
David Schwartz z Ripple upozornil komunitu na falešný airdrop na X a označil ho za podvod. Po jeho zásahu byly účty vydávající se za Xaman rychle suspendovány.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ripple Chief Technology Officer Emeritus and XRP Ledger architect, David Schwartz, has drawn the community's attention to yet another scam scheme on social network X.
By posting a pair of text GIFs under a fake post, the blockchain industry veteran personally pointed to the threat, which appears to have triggered a wave of user reports and led to the rapid suspension of accounts impersonating crypto wallet Xaman.
You Might Also Like
HOT Stories
The incident unfolded in the comments under posts by a hacked account of culture magazine "NplusOneMag", where scammers had launched an aggressive promotional campaign for a fake airdrop.
Instead of going through lengthy corporate procedures and preparing official statements, one of the chief architects of the XRP Ledger personally entered the scammers' thread and posted memes saying: "I can spot a scam from a mile away" and "This is a scam."
How XRP's "Guerrilla War" works and why it has to be fought manuallyFor the crypto community, Schwartz's reaction became a call to action. Users flooded the platform's administration with reports, helping get the fraudulent thread completely blocked before unsuspecting investors had time to lose funds.
For Schwartz, this fight is a routine guerrilla war. His profile has carried a pinned warning post for months: "Anyone claiming to be me on Instagram or Telegram is a scammer. Stay safe, XRP family."
Pinned scam alert posted by Ripple's CTO to warn the XRP community. Source: David Schwartz on X.comAcross the XRPL ecosystem, attacks targeting wallets have long become systematic. Scammers use the mechanics of hidden trading offers (Hidden Buy Offers) through NFT spam campaigns. Once a user approves a transaction in pursuit of a supposed bonus, the malicious transaction can completely drain their XRP balance.
You Might Also Like
Security in the retail sector still depends heavily on the personal vigilance of asset holders and the rapid manual response of the company's senior figures. Scammers will continue creating mirror accounts, and developers will continue getting them blocked. The only question is who will be faster during the next attack.
Americké spotové Bitcoin ETF zvrátily dvoudenní odliv a ve středu přilákaly čistý příliv 159,5 milionu USD, v čele s BlackRock IBIT. Bitcoin se zároveň vrátil nad 77 500 USD.
US spot Bitcoin exchange-traded funds (ETFs) reversed a two-day streak of heavy outflows on Wednesday, registering $159.5 million in net inflows as Bitcoin prices climbed back above $77,000.
ETF Flows Turn Positive After Heavy WithdrawalsThe recent inflow contrasts with the withdrawals seen earlier in the week, when spot Bitcoin ETFs saw $450.4 million leave on September 15 and another $295.9 million on September 16. Over those two sessions, approximately $746.3 million exited the funds before institutional interest appeared to return on September 17.
BlackRock’s iShares Bitcoin Trust (IBIT), one of the most prominent spot Bitcoin ETFs in the US market, led the resurgence by bringing in $183.7 million in new capital. In comparison, Fidelity’s FBTC experienced $16.6 million in withdrawals during the same period, and VanEck’s HODL reported a loss of $7.6 million. Other funds saw little significant movement.
ETFNet Flow (Sept. 17)BlackRock IBIT+$183.7 millionFidelity FBTC-$16.6 millionVanEck HODL-$7.6 millionAfter combining the figures from September 15 to 17, spot Bitcoin ETFs still posted approximately $586.8 million in net withdrawals over the three-day period. Despite the lingering negative balance, the return of inflows points to ongoing institutional interest following a rapid sell-off at the start of the week.
Despite recent turbulence, the re-emergence of positive flows in spot Bitcoin ETFs alongside the Bitcoin price recovery suggests institutional demand remains present.
Bitcoin’s price rallied alongside the ETF inflow, gaining about 1.5% over the past 24 hours. The cryptocurrency advanced from around $76,400 to approximately $77,500, with a brief move toward $77,600 after spending much of the prior session trading below $77,000.
This rebound followed a decline to the $75,000-$76,000 range, which occurred after the CLARITY Act failed to progress in the Senate. The price movement highlighted renewed investor confidence and risk appetite in the market.
Market Sentiment and Macro FactorsThe broader improvement in sentiment was also visible in traditional markets. US equity indices climbed on Thursday, with the S&P 500 increasing by 1.14% and the Nasdaq gaining 1.69%. The rally came as Treasury yields eased and oil prices pulled back.
Meanwhile, the Federal Reserve raised its policy interest rate by 25 basis points to a range of 3.75% to 4%, marking its first such move in over three years. Alongside the rate hike, the central bank signaled potential for further tightening in an effort to control inflation.
In contrast to Bitcoin, US spot Ethereum ETFs registered approximately $39.3 million in net outflows during the same September 17 session. The divergence between Bitcoin and Ethereum flows indicated that the latest recovery was focused specifically on BTC products rather than a broad return to cryptocurrency funds.
BlackRock, which managed the largest inflow among the ETFs, is a leading global asset management company with investments spanning equities, bonds, alternatives, and now digital assets through its iShares Bitcoin Trust.
Mini dictionary: CLARITY Act, a legislative proposal in the US Senate intended to provide clearer regulations and regulatory frameworks for digital assets and blockchain technology in the United States.
Ethereum spustí testování upgradu Glamsterdam na Sepolii 6. října 2026. Vývojáři varují před útokem přes falešné builder účty, který by mohl testnet ochromit.
Key Takeaways The Glamsterdam upgrade will launch on Ethereum’s Sepolia testnet October 6, 2026 Security concerns emerged around malicious actors exploiting free testnet tokens to disrupt block building Bad actors could create numerous fake builder accounts, win auction bids, then refuse to deliver transaction payloads Development teams face a September 29 deadline for Sepolia-compatible releases, allowing just seven days for testing The mainnet deployment timeline hasn’t been finalized, though Q4 2026 remains the target window Ethereum’s development team has officially designated October 6 as the activation date for testing the Glamsterdam upgrade on Sepolia. This announcement was accompanied by security warnings regarding a vulnerability that could compromise the testing process.
ETHEREUM’S NEXT MAJOR UPGRADE IS MOVING FORWARD.
Glamsterdam is scheduled to hit the Sepolia testnet on October 6, followed by a tentative Hoodi test on October 27.
Developers have identified a potential weakness where attackers could create fake builder identities, submit huge… pic.twitter.com/79L6vjSf4I
— MANDO CT 🇮🇪 🇦🇪 🇬🇧 (@MandoCT) September 18, 2026
The security issue revolves around the block construction mechanism within Glamsterdam. This upgrade implements Enshrined Proposer-Builder Separation (ePBS), a framework where dedicated builders engage in competitive bidding to provide transaction blocks to network validators.
While mainnet participation requires actual capital investment, Sepolia operates differently since test tokens carry no monetary value. This fundamental difference creates a unique vulnerability scenario.
The Potential Exploitation Method Consensus developer Potuz outlined the vulnerability during a September 17 development meeting. A malicious actor could generate numerous counterfeit builder profiles, place winning bids in block auctions, then withhold the required transaction information.
“I can just spin up a thousand builders, rotate them, offer very high bids, and not produce payloads,” Potuz explained. “Any teenager can do this.”
While this attack wouldn’t threaten actual assets, it could paralyze testnet operations and prevent developers from accurately assessing the upgrade’s functionality under authentic circumstances.
Current protective measures appear insufficient. Some client safeguards activate only after multiple payload failures occur. Development teams noted that clients require mechanisms to permanently block specific builders, preventing attackers from repeatedly returning with fresh identities.
Glamsterdam’s Core Objectives Glamsterdam represents Ethereum’s upcoming significant protocol enhancement. The upgrade aims to dramatically expand network capacity per block, with a target gas ceiling approaching 200 million—a substantial increase from the 60 million achieved in previous testing phases.
Additionally, the upgrade extends the timeframe for broadcasting transaction payload information from approximately two seconds to nearly nine seconds, providing nodes with enhanced processing capabilities for larger block sizes.
Devnet-11, a private testing environment, successfully executed a Glamsterdam transition on September 16. The network operated 84,000 validators distributed across various clients and pushed gas limits toward 200 million while maintaining network finality.
Schedule and Future Milestones Client development teams face a September 29 cutoff for delivering Sepolia-compatible software releases. This compressed timeframe provides only seven days preceding the October 6 implementation—considerably shorter than Ethereum’s standard 14-day period allocated for security audits and vulnerability identification.
The development community accepted this accelerated schedule because Sepolia maintains a managed validator configuration that simplifies recovery procedures should complications arise.
Following the Sepolia deployment, testing on the Hoodi testnet is provisionally scheduled for October 27. This timeline remains contingent upon Sepolia’s performance outcomes.
A mainnet launch date remains unannounced. Ethereum’s development roadmap indicates Q4 2026 for Glamsterdam deployment, though specific block numbers or epoch designations haven’t been established. Production-grade builder infrastructure from Titan and Ultrasound teams has yet to successfully complete Glamsterdam fork transitions.
Input Output Group varuje uživatele, aby se vyhnuli jeho YouTube kanálu, který údajně streamoval AI upravené video Charlese Hoskinsona s příslibem zdvojnásobení majetku. Firma nedoporučuje klikat na odkazy ani posílat peníze.
Cardano’s IOG warns users to avoid YouTube channel amid apparent hijackInput Output Group told users to avoid its YouTube channel after it began livestreaming a suspected AI-manipulated Charles Hoskinson video promising to “double your wealth.”
Input Output Group has urged users to avoid its YouTube channel, with the channel on Friday livestreaming a suspected AI-manipulated video of Cardano founder Charles Hoskinson promoting a crypto giveaway.
The livestream purported to be a town hall for Project Catalyst, a decentralized community innovation fund and grant program. It was live for nearly two hours.
Source: YouTube
The suspected manipulated video of Hoskinson directs viewers to a QR code with a promise to “double your wealth.”
“Please avoid interacting with the IO Group YouTube channel until further notice,” the company said in a warning on its official X account.
It advised users against clicking links, sending funds or sharing personal information in response to content on the channel.
Cointelegraph reached out to Input Output Group for comment.
Subscribe to daily byte-sized crypto news from Cointelegraph Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Splash Protocol opravil chybu ve smart kontraktu po exploitu na Cardanu, ale z poolu stále chybí 2,424,778 ADA. Držitelé OADA zatím nemají funkční exit.
What HappenedSplash Protocol has patched the smart contract vulnerability behind the September 13 exploit that drained its Cardano-based $ADA/OADA StableSwap pool. The fix closes the documented attack path, but it cannot recover the funds that are already gone.
According to Splash's incident report, one actor used two transactions to remove 2,434,648 ADA and 1,988,222 OADA. After subtracting the attacker's 9,870 ADA deposit, but before network fees, the net ADA drain was 2,424,778.
The pool's validator calculated a "tradable" reserve by subtracting accrued protocol fees from its real balances. According to Splash, it did not require that reserve to remain positive, bounded fee changes only from below, and did not enforce the direction of a swap. Those missing checks allowed the validator to accept a transaction after the tradable ADA reserve had turned negative.
Either fix would close the documented exploit path, but neither would return the ADA that had already left the pool. Immediately after the drain, the pool held just 10 ADA and about 1.44 million OADA, while its tradable ADA reserve was negative and its LP token balance was unchanged.
The Liquidity Problem That RemainsA usable relaunch would require more than corrected validator logic. It would need replenished ADA liquidity or a protocol redemption mechanism, along with a way to address the OADA inventory in the thin secondary market.
Optim Finance said on September 13 that its protocol was paused, remaining liquidity had been removed, and OADA-to-ADA swaps were unavailable. In a September 15 update, it said it was indexing the chain and compiling a full accounting of impacted addresses and assets while working toward a resolution. That update did not announce restored liquidity, redemption, or operations.
The balance-sheet damage matters because Splash's September 13 snapshot said OADA had no protocol-level redemption. Other OADA venues in the report were close to empty at that time, with the listed pools holding only single- or double-digit ADA balances.
DefiLlama data showed Splash Protocol total value locked (TVL) near $3.3 million on Cardano, with a one-day decline of roughly 27 percent in one snapshot in the wake of the incident. Cardano DeFi as a whole was tracking around $55 million in TVL. Until new liquidity is injected or a formal redemption route is announced, OADA holders remain without a meaningful exit.
Sources:
CryptoSlate: Cardano's Splash fix patches the exploit, but leaves 2.4M ADA missing and holders trapped
Crypto Times: Optim Finance Pauses OADA After Splash Pool Exploit Drains Cardano Liquidity
Cardano (ADA) dnes vzrostlo o 7,7 % na 0,213 USD před hlasováním o stažení 11,8 milionu ADA z treasury. Hlasování o návrhu OpenZeppelin Stack běží do 11. října.
Cardano (ADA) price is up by 7.7% today, September 18, to trade at $0.213 at the time of writing. These gains come ahead of a governance vote on the Cardano network looking to withdraw $2.5 million worth of Cardano from Treasury.
Cardano Treasury Proposal Opens Voting Until October 11 The Cardano community has until October 11 to vote for the OpenZeppelin Stack proposal. This proposal looks to withdraw 11.8 million ADA from the shared Cardano treasury.
If this proposal passes, the 11.8 million ADA will be used to get the OpenZeppelin open-source development stack for Cardano. This will bring audited building blocks to Cardano that could bring more institutions and DeFi players to the network.
However, the 11.8 million ADA will not be released to OpenZeppelin all at once. Instead, 20% of the ADA will be released after the legal contract is signed, and the other 80% will be going out in four equal batches.
Still, some users are criticizing the proposal, saying that it is the sae as the ongoing Developer Experience on Cardano. One user even questioned whether what Cardano will get out of this is worth 11.8M ADA.
Cardano Price Outperforms Bitcoin and Ethereum as Rounded Bottom Emerges Cardano price has jumped by nearly 8% today, outperforming Bitcoin (BTC) and Ethereum (ETH), which were up by 1.9% and 2%, respectively, at the time of writing.
The gains have pushed Cardano value today above the resistance of a rounded bottom pattern at $0.212.
The RSI reading of 65 supports a bullish long-term Cardano price prediction. This RSI reading also suggests that ADA price is still not overbought despite moving from $0.19 to $0.21 within two days.
If Cardano now holds $0,.212 as support, the price could gain by 11% and reach $0.235. The ADX line that is tipping north suggests that the uptrend is strong, and this move to $0.235 could occur.
ADA/USDT 4H Chart (Source: TradingView) Still, concerns about the Fed hiking rates again in 2026 could increase the selling pressure. If this occurs, Cardano price could drop to retest the support at $0.19.
ADA Futures Activity Heats Up as CME Volumes Hit 3-Week High Data from CME shows that Cardano’s volumes have risen to 7 million ADA, with this being the highest volume numbers seen since August 26.
The CME open interest has also jumped to 178 ADA contracts, with this also being the highest CME reading in September.
Cardano Volumes/OI (Source: CME) The rising CME volumes and open interest suggest that speculative demand for Cardano by institutional players is rising
Cardano’s open interest on CoinGlass had also risen by 9% to $466 million at the time of writing. The weighted funding rate had also jumped to 0.0098%. This suggests that long buyers are paying more to keep their positions open.
Hyperliquid už spálil 156,58 tis. HYPE v hodnotě asi 12,42 milionu USD a kumulativní příjmy dosáhly 1,31 miliardy USD. Rizikem je, že růst poplatků musí předstihnout růst ceny HYPE, jinak bude spalování slábnout.
Hyperliquid’s [HYPE] trading volume continues to drive growth in its HYPE burn mechanism, linking network usage directly to supply reduction. Weekly protocol revenue reached $13.48 million, while gross fees stood at $15.11 million.
Part of that revenue was used to remove 156.58K HYPE worth around $12.42 million. The overall trend indicates that there are increasing levels of larger revenue increases occurring over time.
Source: X As such, cumulative revenue has now reached $1.31 billion. In addition to that 48.70 million HYPE, or approximately 4.87% of HYPE’s total supply, has been removed.
The two metrics create an inverse relationship and show how users’ desire to utilize Hyperliquid’s trading tools relates to the reduction of available HYPE.
USDC liquidity supports growth The liquidity picture shows why Hyperliquid can sustain the trading activity behind its fee engine. DeFi TVL has climbed to $1.31 billion, adding 2.68% in 24 hours, while stablecoin liquidity remains much larger at $6.83 billion.
Although that pool fell 2.41% over seven days, USD Coin [USDC] still accounts for 98.31%, keeping trading liquidity concentrated. Traders are putting that capital to work, with $8.31 billion in daily perpetual volume and $339.25 million on DEXs.
Source: DeFiLlama USDC holdings now stand at approximately $6.72 billion, slightly below the $6.71 billion held in Solana accounts. This marked a notable shift in the stablecoin concentration. More importantly, that capital is not simply sitting idle.
The pool generates roughly $200 million in annual yield. In turn, this creates another potential source for HYPE buyback. Meanwhile, Hyperliquid records $8.31 billion in perpetual volume, showing how deeply USDC supports market activity.
Source: X Although stablecoin liquidity slipped 2.41% over seven days, USDC still controls 98.31% of the pool. If yield and trading activity remain strong, Hyperliquid can reinforce a cash-flow cycle linking liquidity, revenue, buybacks, and HYPE demand.
This combination gives Hyperliquid capacity to absorb large positions and maintain activity. If liquidity holds, it can support higher volume and, ultimately, stronger fee generation.
Can HYPE sustain its burn pressure? Liquidity enables Hyperliquid to be operational in terms of sustaining activity with regard to removing tokens from circulation.
Nevertheless, the burn cycle has yet one additional challenge in addition to sustaining trading volume. Fee growth must outpace HYPE’s price appreciation to increase token removals.
Weekly fees remain volatile, ranging between $11 million and $15 million, so burn activity will still be dependent on trading conditions. Additionally, with an increasing price of HYPE, fewer tokens will be able to be removed per dollar of fees collected.
This results in a disparity between the dollar value of burns and the actual reduction of supply within the system. Therefore, simply having stronger fees does not guarantee that the burn rate will improve.
Hyperliquid needs sustained trading growth to increase fee revenue faster than HYPE appreciates.
Ultimately, if that happens, both burn value and token removal can rise. Otherwise, the mechanism could remain active while its impact on supply gradually weakens.
Final Summary Hyperliquid continues linking strong trading activity to rising token burns and supply reduction. HYPE burn pressure will depend on fee growth staying ahead of token price appreciation.
Neutrl spustil předčasné zpětné odkupy NUSD a sNUSD za USDC 17. září po srpnovém problému s likviditou v rezervách. On-chain kontrakt podle Strata ukazuje míru odkupu 0,51.
Neutrl has opened an early redemption program for NUSD and sNUSD holders on Sept. 17, allowing eligible users to exchange their tokens for USDC after a reserve-liquidity problem halted normal protocol operations in August.
Summary
Neutrl opened NUSD and sNUSD redemptions for USDC through a dedicated portal on September 17. Strata reported an on-chain redemption rate of 0.51 from Neutrl’s newly deployed redemption contract yesterday. Neutrl previously disclosed approximately $27 million in liquid assets while other strategy positions remained illiquid. Redemption window is expected to remain open until November 14, subject to applicable program terms. Neutrl has not confirmed claims that users must sign a liability waiver before redeeming tokens. Neutrl said holders can connect the wallet containing their NUSD or sNUSD, sign an on-chain message to prove wallet ownership and review the applicable redemption details before submitting a request. Completed redemptions pay users in USDC and burn the corresponding NUSD or sNUSD.
The company did not state a recovery percentage in the announcement. Structured-yield protocol Strata subsequently examined the deployed redemption contract and reported a redemptionRate() value of 510000000000000000, equivalent to a 0.51 reference rate.
NUSD redemption contract points to a 0.51 rate Strata identified the redemption contract as 0xB3f07D3392102fC23264a78e2A1A8B6421123828 and said the rate visible on-chain was 0.51. The reading supports claims that holders currently face a payout close to half of NUSD’s original $1 reference value, though Neutrl has not described the program publicly as a 50% recovery.
NUSD and sNUSD holders may now submit redemption requests through the official Neutrl Redemption Portal subject to the applicable terms and conditions.
The Redemption Program provides NUSD and sNUSD holders with a fixed redemption rate based on Neutrl’s previously disclosed…
— Neutrl (@Neutrl) September 17, 2026 A separate report said Strata treated the contract value as the observable redemption reference under the current program. Eligibility, final payout details and availability remain subject to terms set by Neutrl operator Caverna Auctus Inc.
Neutrl’s own announcement states only that the redemption rate is fixed and based on the liquid reserves previously disclosed by the protocol. Users receive the exact applicable details through the portal before submitting their request.
The program is expected to remain open until Nov. 14, 2026. Neutrl describes that date as an expected deadline subject to applicable terms, meaning it has not presented the date as an unconditional guarantee.
One X user separately claimed users can recover “around 50%” and must accept a “liability waiver.” The first part is broadly consistent with the 0.51 contract reading reported by Strata. No public Neutrl statement or indexed copy of its redemption terms reviewed for this report confirmed the claimed liability-waiver requirement.
Neutrl had disclosed $27 million in liquid reserves The redemption program follows a reserve problem first disclosed in August. Neutrl said it discovered an issue involving a position held within its strategy that affected the liquidity of part of its reserves.
After consulting legal advisers, the protocol paused affected smart contracts. Neutrl specifically said the incident was “not the result of a smart contract exploit, hack, or code vulnerability.”
By Aug. 28, the protocol disclosed approximately $27 million of available liquid assets. Other strategy positions remained on its books with associated gains or losses, but Neutrl said they could not be liquidated at that stage.
Management said it could not confirm the timing, total amount or recovery value associated with the illiquid positions. Unwinding the remaining positions was expected to take time, leaving the value of any later recoveries uncertain.
The $27 million figure came after the protocol had reported a much larger reserve base earlier in the year. As earlier reserve suspension coverage reported, Neutrl’s dashboard showed roughly $91 million in assets against about $90 million of NUSD as of June 21 before its detailed reserve display was later placed under recalculation.
A separate June snapshot cited by on-chain researchers put the reserve book even higher at roughly $137 million at an earlier point. That figure predates the August freeze and should not be treated as the protocol’s asset value when redemptions opened.
Burn mechanics reduce supply after redemption Each successful redemption removes the surrendered NUSD or sNUSD from circulation. Neutrl says the tokens are burned after USDC is paid to the holder, preventing redeemed units from remaining outstanding.
The portal requires users to sign a message to verify control of the wallet before they proceed. Neutrl cautioned holders to use only its official redemption URL because recovery programs can attract fake websites and malicious wallet-connection requests.
The company says the new redemption contract underwent review by a third-party security auditor. It has not named the auditor in the Sept. 17 public announcement reviewed for this report or published the audit report through the announcement itself.
Before opening the program, Neutrl said deployment depended on completing a new redemption contract, an independent audit and legal and financial reviews. Its earlier guidance had targeted early September, making the Sept. 17 launch later than the initial schedule.
Structured products built on NUSD are affected as well. Strata said a 0.51 valuation causes its jrNUSD junior tranche to be written down to zero under the Neutrl market structure, while the remaining value flows to the senior srNUSD tranche according to that product’s loss waterfall.
As previous coverage of NUSD supply conditions reported, NUSD circulation had already contracted sharply before the redemption launch, falling from roughly $226 million in February to about $53.6 million in August.
Secondary market prices offer little current signal CoinGecko currently displays approximately 53.39 million NUSD in circulating supply and a reference price near $0.9983. The data provider warns that NUSD had not traded on its tracked exchanges for an extended period, meaning the displayed price represents an old recorded market value rather than an active price at which holders can currently exit.
For that reason, the near-$1 tracker quote should not be compared directly with the 0.51 redemption-contract reading as if both represented equally accessible markets. CoinGecko states that the token no longer has active trading pairs across its tracked venues.
The reserve issue is especially relevant to NUSD’s original structure. Neutrl marketed NUSD as a synthetic dollar backed through liquid stablecoins, OTC-acquired crypto positions and delta-neutral trading strategies instead of a portfolio limited to cash and Treasury securities.
Its April 2025 fundraising release described a strategy built partly around purchasing locked altcoins at discounts and hedging market exposure with perpetual futures. STIX and Accomplice led the $5 million seed round, with Amber Group, SCB Limited, Figment Capital and Nascent among the other investors.
The company said at launch that the structure could maintain liquidity while using positions normally associated with institutional OTC markets. That description was a company claim made before the 2026 reserve issue and does not establish the liquidity now available under the redemption program.
Neutrl has not provided a final valuation for the illiquid strategy positions or said whether later asset recoveries could produce an additional payment to holders who accept the current redemption program. Its current disclaimer says timing, amounts and recovery outcomes are estimates that can change without notice.
Hyperliquid spustil manuální lending a umožňuje si půjčit USDC nebo USDT proti zástavě HYPE a BTC. Úročí se jak vypůjčená, tak poskytnutá kótovaná aktiva.
Hyperliquid has rolled out manual lending functionality. Portfolio margin and manual borrowing on the platform utilize the same underlying HyperCore infrastructure. Users can use HYPE and BTC as collateral to borrow quoted assets USDC or USDT. Borrowed quoted assets accrue interest, while supplied quoted assets also earn interest, with rates determined by usage.
Relevant content
Grayscale's Zcash spot ETF (ticker: ZCSH) plans to implement a 3-for-1 share split.
According to a report by The Wall Street Journal, the Zcash ETF (ticker: ZCSH) launched by Grayscale announced today that it plans to implement a 3-for-1 forward share split for the fund. The split will not alter the total value of shareholders' investments.
4 minutes ago
a16z Recommends US SEC Regulate Cryptocurrency Trading Platforms Using the ATS Framework
On September 14, a16z submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), proposing that a more flexible, market-adaptable regulatory framework for crypto trading platforms (CTPs) be established by drawing on the existing Alternative Trading System (ATS) regulatory framework. a16z argues that the U.S. crypto market remains in its early stages with high retail participation, so the regulatory framework should clarify regulatory boundaries while leaving room for market deepening and innovation. The firm recommends that crypto trading platforms register with the SEC via a notice-based registration process, and allow platforms to trade both non-securities asset pairs (such as bitcoin and stablecoins) and securities-non-securities asset pairs simultaneously to prevent further fragmentation of the crypto market. Additionally, for CTPs trading NMS (National Market System) stocks like tokenized equities, Form ATS-N public disclosure requirements should only apply once they meet the trading volume thresholds set under existing Regulation ATS; information below the threshold should be kept confidential from both the SEC and platform users. a16z also suggests that crypto trading platforms should be subject to record-keeping requirements similar to those for ATS, and allow relevant records to be stored on the blockchain under specific conditions. It further proposes that platforms be permitted to set differentiated access permissions, rights, and obligations for different user groups. The firm states that the SEC should leverage the flexibility and innovative nature of ATS to set clear regulatory parameters for crypto trading platforms, while allowing operators to innovate and experiment within this framework.
4 minutes ago
Dragonfly Partner Qureshi Urges Zcash Development Fund to Cease Operations After Its 2028 Expiry
Haseeb Qureshi, managing partner at crypto-focused venture capital firm Dragonfly, proposed that the Zcash Development Fund cease operations after its 2028 expiration under current rules. Qureshi wrote in a post: "I believe this should be the last iteration of the development fund." He noted that the fund’s current size is sufficient to support Zcash’s remaining development work, and as its value approaches $100 million, it risks becoming "politicized" in the future. Per ZecStats data, as of press time, the Zcash Development Fund holds 63,962 ZEC, worth approximately $95 million. The remarks come amid growing industry debate over the development fund’s expanding size, which has surged in value amid recent ZEC price gains. Others argue that Zcash should retain the development fund. Paradigm founder Matt Huang said Wednesday that the fund is particularly important amid rising AI-powered cyberattack capabilities and rapid advances in quantum computing.
4 minutes ago
HYPE hits new all-time high, boosting its ecosystem; meme coin PURR surges over 20% in 24 hours.
According to HTX market data, as Hyperliquid’s token HYPE broke through $90 today to hit an all-time high, tokens in its ecosystem have rallied. Specifically, Hyperliquid ecosystem meme coin PURR is currently priced at $0.1284, with a 24-hour gain of 20.31%; Hyperliquid ecosystem meme coin JOFF trades at $0.01665, up 17.99% over the past 24 hours. Additionally, Hyperliquid Strategies Inc, a listed company associated with the HYPE treasury, saw its pre-market price rise by 7.01%, currently at $13.73.
4 minutes ago
Binance reiterates its commitment to long-term compliant operations under the EU's MiCA framework.
Binance said it will still seek authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation. The Wall Street Journal reported Friday that a vice chairman of the Hellenic Capital Market Commission (HCMC) told Binance that European Central Bank (ECB) President Christine Lagarde had asked the Greek Prime Minister not to approve Binance’s license application. Greek officials had informed the European Securities and Markets Authority (ESMA) in early June that the regulator planned to greenlight the application, according to reports. A Binance spokesperson stated: “We do not comment on speculation. In Europe, Binance remains committed to operating in a long-term, compliant manner and adhering to the EU’s Markets in Crypto-Assets regulation.”
4 minutes ago
Zcash launches Q3 retroactive grant funding voting, with 37 proposals pending a vote.
Zcash has announced that voting for its Q3 retroactive grant program for Shielded ZEC holders is now open, and will run until 4:00 AM Beijing time on September 30. The ballot includes 37 proposals, each requiring a separate "yes/no" vote, with a quorum threshold of roughly 420,000 ZEC. To participate in the vote, users must update to Zodl 3.14.0 or later, the latest Vizor Wallet, or the latest Zkool.
According to monitoring by Defimon Alerts, Nimiq’s swap contract on Polygon was hacked for approximately $50,400 on September 16. The incident stemmed from the contract serving as both OpenGSN’s paymaster and forwarder, with its execute() method failing to verify user signatures. Attackers set up their own relays, forged open() requests from liquidity wallets, exploited pre-image hash locks to open HTLCs and immediately redeemed funds, then transferred the targeted wallet’s USDC, USDT0, and USDC.e tokens. Nimiq had previously suspended Gas Abstraction stablecoin transactions and was investigating related issues.
Relevant content
Grayscale's Zcash spot ETF (ticker: ZCSH) plans to implement a 3-for-1 share split.
According to a report by The Wall Street Journal, the Zcash ETF (ticker: ZCSH) launched by Grayscale announced today that it plans to implement a 3-for-1 forward share split for the fund. The split will not alter the total value of shareholders' investments.
4 minutes ago
a16z Recommends US SEC Regulate Cryptocurrency Trading Platforms Using the ATS Framework
On September 14, a16z submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), proposing that a more flexible, market-adaptable regulatory framework for crypto trading platforms (CTPs) be established by drawing on the existing Alternative Trading System (ATS) regulatory framework. a16z argues that the U.S. crypto market remains in its early stages with high retail participation, so the regulatory framework should clarify regulatory boundaries while leaving room for market deepening and innovation. The firm recommends that crypto trading platforms register with the SEC via a notice-based registration process, and allow platforms to trade both non-securities asset pairs (such as bitcoin and stablecoins) and securities-non-securities asset pairs simultaneously to prevent further fragmentation of the crypto market. Additionally, for CTPs trading NMS (National Market System) stocks like tokenized equities, Form ATS-N public disclosure requirements should only apply once they meet the trading volume thresholds set under existing Regulation ATS; information below the threshold should be kept confidential from both the SEC and platform users. a16z also suggests that crypto trading platforms should be subject to record-keeping requirements similar to those for ATS, and allow relevant records to be stored on the blockchain under specific conditions. It further proposes that platforms be permitted to set differentiated access permissions, rights, and obligations for different user groups. The firm states that the SEC should leverage the flexibility and innovative nature of ATS to set clear regulatory parameters for crypto trading platforms, while allowing operators to innovate and experiment within this framework.
4 minutes ago
Dragonfly Partner Qureshi Urges Zcash Development Fund to Cease Operations After Its 2028 Expiry
Haseeb Qureshi, managing partner at crypto-focused venture capital firm Dragonfly, proposed that the Zcash Development Fund cease operations after its 2028 expiration under current rules. Qureshi wrote in a post: "I believe this should be the last iteration of the development fund." He noted that the fund’s current size is sufficient to support Zcash’s remaining development work, and as its value approaches $100 million, it risks becoming "politicized" in the future. Per ZecStats data, as of press time, the Zcash Development Fund holds 63,962 ZEC, worth approximately $95 million. The remarks come amid growing industry debate over the development fund’s expanding size, which has surged in value amid recent ZEC price gains. Others argue that Zcash should retain the development fund. Paradigm founder Matt Huang said Wednesday that the fund is particularly important amid rising AI-powered cyberattack capabilities and rapid advances in quantum computing.
4 minutes ago
HYPE hits new all-time high, boosting its ecosystem; meme coin PURR surges over 20% in 24 hours.
According to HTX market data, as Hyperliquid’s token HYPE broke through $90 today to hit an all-time high, tokens in its ecosystem have rallied. Specifically, Hyperliquid ecosystem meme coin PURR is currently priced at $0.1284, with a 24-hour gain of 20.31%; Hyperliquid ecosystem meme coin JOFF trades at $0.01665, up 17.99% over the past 24 hours. Additionally, Hyperliquid Strategies Inc, a listed company associated with the HYPE treasury, saw its pre-market price rise by 7.01%, currently at $13.73.
4 minutes ago
Binance reiterates its commitment to long-term compliant operations under the EU's MiCA framework.
Binance said it will still seek authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation. The Wall Street Journal reported Friday that a vice chairman of the Hellenic Capital Market Commission (HCMC) told Binance that European Central Bank (ECB) President Christine Lagarde had asked the Greek Prime Minister not to approve Binance’s license application. Greek officials had informed the European Securities and Markets Authority (ESMA) in early June that the regulator planned to greenlight the application, according to reports. A Binance spokesperson stated: “We do not comment on speculation. In Europe, Binance remains committed to operating in a long-term, compliant manner and adhering to the EU’s Markets in Crypto-Assets regulation.”
4 minutes ago
Zcash launches Q3 retroactive grant funding voting, with 37 proposals pending a vote.
Zcash has announced that voting for its Q3 retroactive grant program for Shielded ZEC holders is now open, and will run until 4:00 AM Beijing time on September 30. The ballot includes 37 proposals, each requiring a separate "yes/no" vote, with a quorum threshold of roughly 420,000 ZEC. To participate in the vote, users must update to Zodl 3.14.0 or later, the latest Vizor Wallet, or the latest Zkool.
Kite spolupracuje s Circle na testování transakcí mezi agenty na Arc mainnetu, včetně vyhledání služby, nabídky, dohody, převzetí dodávky a vypořádání plateb v USDC. Proces byl dosud ověřen na testnetu Arc.
With the official launch of Circle’s Arc mainnet, Kite announced it is collaborating with Circle to explore agent-to-agent service transactions built on Arc, covering service discovery, quoting, transaction agreement, delivery acceptance, and USDC payment settlement. According to the introduction, Kite is building a transaction process for buyers and sellers via its Kite Seller Console and Kite Agent Passport, enabling sellers to set service prices, delivery timelines, and acceptance criteria, while buyers can authorize payments within a preset spending cap, with an escrow mechanism linking delivery and settlement. In this setup, Kite handles service agreements and delivery workflows, while Arc provides the payment settlement network. To date, the relevant transaction process has been verified on the Arc testnet, and subsequent integration work is still underway.
Relevant content
Grayscale's Zcash spot ETF (ticker: ZCSH) plans to implement a 3-for-1 share split.
According to a report by The Wall Street Journal, the Zcash ETF (ticker: ZCSH) launched by Grayscale announced today that it plans to implement a 3-for-1 forward share split for the fund. The split will not alter the total value of shareholders' investments.
4 minutes ago
a16z Recommends US SEC Regulate Cryptocurrency Trading Platforms Using the ATS Framework
On September 14, a16z submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), proposing that a more flexible, market-adaptable regulatory framework for crypto trading platforms (CTPs) be established by drawing on the existing Alternative Trading System (ATS) regulatory framework. a16z argues that the U.S. crypto market remains in its early stages with high retail participation, so the regulatory framework should clarify regulatory boundaries while leaving room for market deepening and innovation. The firm recommends that crypto trading platforms register with the SEC via a notice-based registration process, and allow platforms to trade both non-securities asset pairs (such as bitcoin and stablecoins) and securities-non-securities asset pairs simultaneously to prevent further fragmentation of the crypto market. Additionally, for CTPs trading NMS (National Market System) stocks like tokenized equities, Form ATS-N public disclosure requirements should only apply once they meet the trading volume thresholds set under existing Regulation ATS; information below the threshold should be kept confidential from both the SEC and platform users. a16z also suggests that crypto trading platforms should be subject to record-keeping requirements similar to those for ATS, and allow relevant records to be stored on the blockchain under specific conditions. It further proposes that platforms be permitted to set differentiated access permissions, rights, and obligations for different user groups. The firm states that the SEC should leverage the flexibility and innovative nature of ATS to set clear regulatory parameters for crypto trading platforms, while allowing operators to innovate and experiment within this framework.
4 minutes ago
Dragonfly Partner Qureshi Urges Zcash Development Fund to Cease Operations After Its 2028 Expiry
Haseeb Qureshi, managing partner at crypto-focused venture capital firm Dragonfly, proposed that the Zcash Development Fund cease operations after its 2028 expiration under current rules. Qureshi wrote in a post: "I believe this should be the last iteration of the development fund." He noted that the fund’s current size is sufficient to support Zcash’s remaining development work, and as its value approaches $100 million, it risks becoming "politicized" in the future. Per ZecStats data, as of press time, the Zcash Development Fund holds 63,962 ZEC, worth approximately $95 million. The remarks come amid growing industry debate over the development fund’s expanding size, which has surged in value amid recent ZEC price gains. Others argue that Zcash should retain the development fund. Paradigm founder Matt Huang said Wednesday that the fund is particularly important amid rising AI-powered cyberattack capabilities and rapid advances in quantum computing.
4 minutes ago
HYPE hits new all-time high, boosting its ecosystem; meme coin PURR surges over 20% in 24 hours.
According to HTX market data, as Hyperliquid’s token HYPE broke through $90 today to hit an all-time high, tokens in its ecosystem have rallied. Specifically, Hyperliquid ecosystem meme coin PURR is currently priced at $0.1284, with a 24-hour gain of 20.31%; Hyperliquid ecosystem meme coin JOFF trades at $0.01665, up 17.99% over the past 24 hours. Additionally, Hyperliquid Strategies Inc, a listed company associated with the HYPE treasury, saw its pre-market price rise by 7.01%, currently at $13.73.
4 minutes ago
Binance reiterates its commitment to long-term compliant operations under the EU's MiCA framework.
Binance said it will still seek authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation. The Wall Street Journal reported Friday that a vice chairman of the Hellenic Capital Market Commission (HCMC) told Binance that European Central Bank (ECB) President Christine Lagarde had asked the Greek Prime Minister not to approve Binance’s license application. Greek officials had informed the European Securities and Markets Authority (ESMA) in early June that the regulator planned to greenlight the application, according to reports. A Binance spokesperson stated: “We do not comment on speculation. In Europe, Binance remains committed to operating in a long-term, compliant manner and adhering to the EU’s Markets in Crypto-Assets regulation.”
4 minutes ago
Zcash launches Q3 retroactive grant funding voting, with 37 proposals pending a vote.
Zcash has announced that voting for its Q3 retroactive grant program for Shielded ZEC holders is now open, and will run until 4:00 AM Beijing time on September 30. The ballot includes 37 proposals, each requiring a separate "yes/no" vote, with a quorum threshold of roughly 420,000 ZEC. To participate in the vote, users must update to Zodl 3.14.0 or later, the latest Vizor Wallet, or the latest Zkool.
KuCoin získal certifikaci ISO/IEC 42001:2023 pro řízení umělé inteligence. Firma ji spojuje s posílením dohledu nad detekcí podvodů a tržním monitoringem.
Crypto scammers can now automate the conversations that persuade victims to send them money. Criminal adoption of AI rose 40% over the past year, TRM Labs reported in August, with scammers making the widest use of the technology.
Crypto Exchanges also use AI to detect fraud, monitor markets, and identify suspicious activity. That creates a two-sided security challenge. The same technology helping platforms identify threats can also help criminals make those threats more scalable and convincing.
That is the significance of ISO/IEC 42001:2023, the international standard for artificial intelligence management systems. KuCoin is among the few early digital-asset platforms to obtain the certification.
What ISO 42001 Means for Crypto Exchange Users
But why should users care about this? For all the things AI is good at, it can also flag legitimate transactions as suspicious or give an unreliable answer to a request for help. Such AI management certifications can actually make sure an exchange has the ability to review those decisions and correct mistakes.
AI is Spreading Through Crypto Crime
TRM’s AI-in-Crime Adoption Index scored adoption at 54 out of 100 in 2026, up from 28 in 2024. It measures how extensively criminals use AI, with scams the only category classified as Mature.
🤖 TRM Labs' new AI-in-Crime Adoption Index puts overall AI adoption across crypto crime at 54 out of 100 in 2026, up from 28 in 2024.
So far, scams are the only crime type to reach a Mature level of AI adoption. AI's role in scam reports has grown roughly 13x since 2022, and… pic.twitter.com/8a5732pwuN
— TRM Labs (@trmlabs) August 24, 2026
TRM also recorded 201 crypto hacks in the first half of 2026, more than double the previous year. Just 4% of incidents accounted for 75% of losses, with infrastructure compromises responsible for most large breaches.
The concentration of losses helps explain why access controls remain central to exchange security. AI monitoring still depends on the integrity of the systems it watches and the accounts allowed to change them.
Europe’s AI Rules Have Limits
European regulation provides some requirements for AI oversight, though their reach depends on how a system is used. The Digital Omnibus on AI took effect on July 27, moving obligations for Annex III high-risk systems to December 2, 2027.
That annex includes credit-scoring systems but explicitly excludes financial-fraud detection from that category. An exchange’s transaction-monitoring software therefore does not automatically fall under the same high-risk requirements. Its classification needs to be assessed against its specific use.
Other duties still apply. Since August 2, AI transparency rules require providers of systems intended to interact directly with people to ensure users are informed, unless the AI interaction is obvious. This includes customer-service chatbots.
Voluntary certification can give an exchange a framework for supervising its AI. It does not replace applicable financial regulation or data-protection obligations.
ISO/IEC 42001 translates those principles into a management-system framework. It requires organizations to establish, implement, maintain, and continually improve the policies and processes governing their use of AI.
What KuCoin’s Certification Covers
KuCoin says its certification covers the AI management system and the organizational functions supporting it. Its announcement identifies fraud detection and market surveillance among the uses of AI across digital finance.
“AI is becoming a foundational capability of digital financial infrastructure, but greater capability must be matched by greater responsibility,” BC Wong, chief executive of KuCoin, said in the company’s announcement.
The assessment adds AI oversight to the external assurances summarised below. SOC 2 Type II reports examine controls over a period. Other standards address information security or privacy management, while business-continuity certification concerns preparations for disruption.
How KuCoin’s ISO 42001 Adds Assurances Across Five Key Areas
ISO/IEC 42001 focuses on how an organization manages AI throughout its use. That includes allocating responsibility and monitoring performance. The standard gives auditors requirements against which to assess those processes.
A company needs to define the intended use of its AI and consider how it could affect people. It also needs a process for reviewing changes, since updating a model can change its behavior after an initial assessment.
This certification is also a part of KuCoin’s broader $2 billion Trust Project, a multi-year program launched in 2025 to strengthen security, compliance, transparency, user protection, and operational resilience.
What the Certification Means for Crypto’s Next Phase
ISO/IEC 42001 certification cannot guarantee that an individual model will always reach the correct conclusion. Its value lies instead in testing whether an organization has established the processes needed to govern AI systematically.
For users and institutional clients assessing a platform, that creates a basis for more practical questions: Who is responsible for an AI system? Who can override an automated decision? How are model changes reviewed? How are mistakes documented and corrected? And how can users challenge an outcome that affects them?
These questions will become more important as crypto platforms move from AI-assisted analysis towards more autonomous systems. Future applications may not simply identify suspicious transactions or summarise market information; they could initiate workflows, manage permissions or execute actions on a user’s behalf.
In that environment, trusted AI will depend on clearly defined identities, permissions, transaction limits, human-intervention mechanisms and auditable records.
Disclaimer
BeInCrypto independently reports and controls this Feature. Quoted views belong to their speakers. This content is general and non-personalized; it does not consider your circumstances and is not investment research, financial, investment, legal or tax advice, or an offer, endorsement or recommendation to transact in any crypto-asset, product or service. Verify material information before acting. Crypto-assets are volatile and may result in total loss. BeInCrypto gives no warranty as to completeness, accuracy or timeliness, except where required by law.
Haseeb Qureshi z Dragonfly chce ukončit Zcash developerský fond po vypršení současných pravidel v roce 2028. Fond má asi 95 milionů USD a podle něj už stačí na zbývající práci.
Crypto-focused venture capital firm Dragonfly’s managing partner, Haseeb Qureshi, proposed winding down the Zcash developer fund after it expires under current rules in 2028.
“I’m of the opinion that this should be the final Dev Fund,” wrote Qureshi in a Friday X post, arguing that the fund is large enough to fund remaining work on Zcash and that it risks being “politicized” as it approaches $100 million in value.
The Zcash development fund held 63,962 Zcash (ZEC) tokens at press time, worth about $95 million, according to ZecStats.
The remarks follow a broader industry debate that stemmed from the fund’s increasing value, following the ZEC token’s rally. Others argued that Zcash should maintain its development fund. Paradigm founder Matt Huang argued in a Wednesday X post that the fund is particularly important “in this age of AI cyber capabilities” and rapid quantum progress.
Zcash pools, including the dev fund, also known as the lockbox. Source: ZecStats
The ZEC development fund is a protocol development fund that accrues 0.1875 ZEC tokens per block, representing 12% of the block subsidy under the NU6 upgrade. Its balance sits outside circulation until governance disbursement.
Industry split over who should control the ZEC development fund?Industry watchers are also debating who should control the development fund. Dragonfly’s Haseeb said that the fund’s control shouldn’t move toward “pure token holder voting,” but showed support for a partial model, under which token holders would elect temporary councils.
Huang agreed with this view, adding that pure token holder governance may introduce “unpredictability that could limit long-term trust as a monetary asset” and proposed a hybrid model combining additional forms of governance.
Maxime Desalle, investment analyst at Winklevoss Capital, suggested that the Zcash community “completely get rid” of the development fund, which would solve all the governance disputes surrounding it, writing in a Thursday X post.
In a previous post on Sept. 9, Desalle argued that the fund may hurt the security of Zcash while recreating the dependencies and bureaucracies that many welfare states suffer from.
In a Sept. 1 X post, Zcash founder Zooko Wilcox said that the Zcash Community Grants Committee was among the main reasons that Zcash “has survived and grown to where it is today.” On Sept. 14, Wilcox clarified that the committee only accounts for 40% of the development fund.
Magazine: The legal battle over who can claim DeFi’s stolen millions
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Uniswap Dominates Robinhood Chain LiquidityUniswap says it now handles 80% of Robinhood stock token volume, with reported activity reaching roughly $10 billion. The figures point to rapidly growing appetite for tokenized equities traded around the clock on decentralized infrastructure.
Data from multiple analytics providers supports the picture. Uniswap controls approximately 99% of all tokenized stock DEX liquidity on Robinhood Chain, split between its v4 deployment at around 73% and v3 capturing the remaining 26%. Cumulative volume crossed $1 billion by mid-August 2026, then climbed to $1.5 billion within six weeks of launch, with a single-day peak of $130 million recorded on August 29.
Around 60% of that trading activity takes place outside traditional US market hours, underscoring the core appeal of tokenized equities: continuous, borderless access to assets like Apple, Nvidia, and Tesla without the constraints of a conventional brokerage.
A Launch Partner With First-Mover AdvantageUniswap's grip on the market is partly a product of timing. When Robinhood Chain went live on July 1, 2026 as an Arbitrum-based Layer-2, Uniswap was among the first-wave partners, deploying its full protocol suite including v2, v3, v4, and UniswapX as the primary public liquidity venue from day one.
That early positioning matters. With deep order books across more than 190 stock tokens, traders on the chain have had little reason to look elsewhere. Uniswap's v4 architecture also introduced permissioned pools designed specifically for regulated assets, letting issuers and liquidity providers set access rules so only verified participants can interact with certain pools.
Robinhood Stock Tokens are structured as ERC-20 tokenized debt securities, giving holders economic exposure to major US equities and ETFs without conferring voting rights or direct share ownership. The tokens are available in more than 120 countries but are currently excluded from the United States, Canada, the United Kingdom, and several other major markets.
The broader tokenized equity sector has also grown sharply. A year ago, tokenized stocks accounted for roughly 0.1% of total DEX spot volume. That share has since climbed above 4% year-to-date, representing billions in cumulative DEX volume across the sector.
Sources:
Crypto Briefing: Uniswap on Robinhood Chain hits $130M in daily stock token trading volume
Crypto Briefing: Uniswap processes $1.5B in stock token trading on Robinhood Chain in six weeks
Galaxy spustila na Kamino dva aktivní stablecoinové vaulty pro USDC a USDT na Solaně. Produkty spravuje přes Galaxy Curation s institucionálními rizikovými limity.
Galaxy has expanded its onchain lending business to Solana with two live stablecoin vaults on Kamino, adding separate USDC and USDT strategies managed through Galaxy Curation.
Summary
Galaxy launched two Kamino vaults offering curated USDC and USDT lending strategies across Solana markets. Galaxy applies institutional collateral standards, exposure limits, and market monitoring to both newly launched vaults. Galaxy reported a $1.4 billion average loan book and 1,741 total trading counterparties during Q2. Kamino reports over $20 billion in originated loans and zero bad debt to lenders historically. The USDC vault is available through Yield.xyz, extending distribution beyond users accessing Kamino directly. Galaxy said on Sept. 17 that its curation team will decide which Kamino lending markets the vaults can enter, control exposure limits and monitor market conditions using the risk framework employed in its institutional lending business.
Separately, Kamino confirmed the launch, describing the products as actively managed lending vaults that generate yield from borrower activity across its Solana credit markets. Neither announcement set a guaranteed return or fixed APY.
Galaxy brings its curation model onto Solana Galaxy Curation started in July with stablecoin strategies built on Morpho and distributed to institutions through Fireblocks Earn. The Kamino launch puts the same curation model on a second blockchain and introduces direct exposure to Solana lending markets.
Galaxy Curation is expanding to @solana.
We're launching two institutional vaults on @kamino, Galaxy USDC and Galaxy USDT, bringing our institutional risk framework to a second blockchain ecosystem.
The same standards that govern our OTC trading and lending business, now… pic.twitter.com/Gsf0XQrqqS
— Galaxy (@galaxyhq) September 17, 2026 Galaxy’s July launch described curation as a system for applying institutional credit controls to onchain lending while keeping deposited assets at the protocol level. Curators decide which lending markets qualify, how much capital can enter each one and when those allocations need to change.
For Kamino, Galaxy has launched one USDT configuration and one USDC configuration. Both are described by Galaxy as moderate-risk strategies, though they have different mandates.
The USDT vault takes the more selective approach. Galaxy says it is designed to prioritize capital preservation through exposure to liquid and established Kamino lending venues.
The USDC vault permits a larger set of collateral markets in pursuit of higher lending yield. Galaxy describes the design as involving expanded collateral exposure and wider market participation, which means its risk profile is not identical to the USDT product.
Galaxy explicitly warns that both products remain exposed to market, smart-contract and liquidity risks. The company does not describe either vault as principal-protected.
Eduardo Bermudez, Galaxy’s director of trading, said the company built the curation business around the view that institutions should not have to change their operating model to use onchain yield products.
“Extending that to Kamino brings the same principle to Solana,” Bermudez said.
Vault rules control where depositor funds can move Kamino’s vault system lets a curator set eligible reserves, allocation weights and hard exposure caps. Its documentation says users deposit one asset into a vault and receive vault shares whose value changes as interest accrues from underlying lending markets.
The curator does not manually execute every individual movement of capital. Kamino’s infrastructure handles allocation and rebalancing based on the strategy instructions set by the curator, while the resulting activity remains visible onchain.
Galaxy will therefore control the lending mandate, while Kamino provides the smart contracts and execution infrastructure.
Kamino documents controls covering allocation weights, reserve restrictions, management fees, performance fees, minimum deposits and exposure settings. The Galaxy announcement did not publish a fixed vault APY, management fee, performance fee or maximum deposit amount.
Liquidity conditions can affect withdrawals. Kamino’s documentation says vault redemptions first use idle liquidity and funds available from lending reserves. A withdrawal can enter a queue when enough immediately redeemable capital is unavailable.
Michael Weisz, Kamino’s CEO, said Galaxy’s lending experience is being applied directly through the protocol’s infrastructure. He described the arrangement as bringing institutional capital and risk controls into the same onchain system, a company characterization that does not remove the lending and smart-contract risks disclosed for users.
The USDC vault has another distribution route through Yield.xyz. Galaxy said the integration lets users access that strategy beyond Kamino’s own interface, while the USDT vault announcement did not identify a comparable external distribution channel.
Galaxy builds on a $1.4 billion lending operation Galaxy’s latest reported financial figures provide the basis for the institutional lending experience referenced in the vault announcement.
Its Q2 results showed an average loan book of $1.438 billion for the three months ended June 30, up 1% from the previous quarter. The company served 1,741 trading counterparties, compared with 1,691 in Q1.
Galaxy ended the quarter with $7.1 billion in combined assets under management and assets under stake. Its Global Markets business generated $49 million of adjusted gross profit during the quarter.
The curation expansion follows Galaxy’s July launch of the Galaxy Onchain Financing Rate, or GOFR. That product lets institutional borrowers face Galaxy directly while Galaxy routes financing across several onchain lending protocols.
Galaxy’s GOFR materials list Kamino alongside Aave, Morpho and Spark among the lending venues monitored for the program. Galaxy committed $100 million of its own equity as first-loss capital for GOFR, a structure separate from the new Kamino vaults.
As of Sept. 13, Galaxy displayed indicative GOFR rates of 4.40% for USDC and 4.00% for USDT. Those rates belong to the GOFR financing program and should not be treated as yields for the newly launched Kamino vaults.
The company has been adding other Solana-based institutional products during 2026. As earlier coverage of Galaxy’s Solana fund launch reported, Galaxy and State Street introduced the SWEEP tokenized cash-management fund on Solana in May.
Galaxy has since used Kamino in its onchain financing operations and collateral markets. Recent coverage of institutional tokenized assets noted that tokenized GLXY shares issued through Superstate had already been accepted as collateral on Kamino.
Kamino reports more than $20 billion in originated loans Kamino describes itself as Solana’s largest credit platform and said in the Galaxy announcement that it had originated more than $20 billion in loans without bad debt to lenders. The protocol said it had processed more than $650 billion in cumulative transaction activity.
Kamino’s figures are company-reported operating statistics. Independent DeFi metrics use different definitions.
Current DefiLlama data tracks Kamino Lend at approximately $1.33 billion in total value locked and just over $1 billion in active loans. The service records roughly $211 million in cumulative protocol fees.
Kamino’s announcement describes its credit platform as having roughly $2 billion in AUM. That figure should not be treated as interchangeable with DeFiLlama’s TVL because platform AUM and the data provider’s locked-value calculation cover different accounting definitions.
The protocol’s institutional activity has expanded beyond conventional crypto-backed loans. Three days before Galaxy’s launch, Kamino introduced lending vaults using tokenized SPY, QQQ and Nvidia shares supplied through Kraken’s xStocks platform.
As recent tokenized-stock market coverage reported, Kamino held approximately $41.7 million of tokenized-stock DeFi deposits in early September, placing it behind Uniswap V4 in that measured category.
Kamino appointed former Yieldstreet co-founder Michael Weisz as CEO on Sept. 15 and announced plans to build a New York operation focused on institutional finance. Coverage of Kamino’s U.S. expansion reported that the company plans to recruit staff across finance, legal, compliance, product and business development.
For the new Galaxy products, the next changes will occur through ongoing curation. Galaxy can modify market allocations and exposure limits as lending conditions change, while Kamino’s infrastructure executes the approved strategy onchain.
Galaxy has not published a target amount for deposits into either vault or a deadline for reaching a specific asset level. Its Sept. 17 announcement states that both the USDC and USDT vaults are already live.
THORSday Community Podcast #235 ft. CBarraford, KentonC137 & patriotsounds | September 17, 2026 | Watch the full episode on YouTube
By Raynalytics
TL;DRTHORChain's stability sprint has ended. The team has resumed normal operations, with an oversolvency sweep, affiliate-fee experiments, and new chain launches back on the near-term agenda.Zcash is next in line for mainnet, with Monero planned as a fast follow. The team stressed that timing remains conditional, and that $XMR will begin with a deliberately cautious soft launch.Dynamic fees for Symbiosis, a proposed SwapKit rev-share test, and a privacy-routing integration from Houdini Swap are all intended to test whether more protocol revenue can fund operations without a larger Dev Fund.Chad's priority is not adding headcount. It is reaching a point where protocol revenue reliably pays for maintenance, security, and development without depending on treasury support or token inflation.1. The Stability Sprint Is OverThe episode opened with the clearest operational update in weeks: the developer teams agreed to end the stability sprint and return to normal operations. That does not mean the recent work has been forgotten. The point of the sprint was to make the protocol more consistent after the exploit-related disruption, and Chad said the current churn was moving funds after a keygen that succeeded quickly.
Chad Barraford described the next immediate action as enabling the oversolvency sweeper, which will move assets from over-solvent pools into the treasury. He also separated protocol work from external-chain issues, noting that a new Solana transaction type and Gaia nodes falling behind their chain tip had created recent interruptions outside THORChain's core code.
"The sprint is over. We're back to normal operation." (Chad)The practical meaning is a return to shipping, but with the stability work informing the pace. The team still wants predictable churns, reliable external-chain observation, and a safer base before treating the next rollout as business as usual.
2. Zcash First, Then a Careful $XMR LaunchThe immediate chain-client sequence is Zcash first, then Monero. Chad said the ordering reflects the existing queue rather than a technical rule. Either chain could technically go first, or both could launch together, but the working plan was to finish Zcash and then focus on $XMR.
That is a meaningful change from the earlier stability-first posture, not a promised date. Chad said the $XMR code is already in place, but enabling it requires coordination from node operators. Kenton added that the team expects to give roughly three days' notice before asking nodes to apply the change that enables $XMR by default, ideally just after a churn so operators have the maximum window before the next one.
"We want to do a soft launch. It's technically live, but ... don't trade in size." (Kenton)The proposed soft launch is important context. The goal is to create awareness and invite early use without presenting a new chain client as fully seasoned on day one. The team expects a ramp period of several weeks, even if the integration reaches mainnet on schedule.
For background on why the rollout was delayed, see THORChain Prioritizes Stability Before Monero and New Features.
3. More Revenue Tests Are Back on the TableSeveral experiments paused by the sprint are now moving again. Chad said the dynamic-fee model was due to be re-enabled for Symbiosis after the aggregator resolved a routing issue. He also named Gem Wallet and Edge Wallet as potential next participants, while a rev-share experiment for SwapKit was targeted for the following week, subject to operational readiness.
These are distinct levers. Dynamic fees aim to find a partner- and pair-specific fee floor that protects price-sensitive flow without giving away revenue from users who would route through THORChain anyway. Rev-share would let an approved affiliate share in some protocol liquidity fees. The test matters more than the announced date because it will show whether the mechanism works with real routed volume.
Kenton also outlined the intended integration of Houdini Swap into THORChain Swap: a private-swap option first, followed by a private-send option once it is ready. He described it as a new revenue opportunity, but the discussion kept the status clear. It was planned, not live at the time of the episode.
"We'll flip it on, give it a few weeks, and see what happens." (Chad)The team has reasons to be interested without treating them as results. Chad cited Symbiosis's reported $300 million to $500 million in trailing-30-day trade volume as flow THORChain would like to win a greater share of. Kenton said Houdini's own partner data suggested a potentially meaningful contribution to treasury income. Both are hypotheses to test, not guaranteed revenue.
4. Self-Sufficiency Comes Before a Bigger Dev FundThe longest strategic discussion was not about a new feature. It was about what success should look like after those features begin producing revenue. Chad said THORChain was operating at a monthly shortfall of roughly $100,000 to $200,000, covered by the treasury. Increasing the Dev Fund from 5% to 10% would reduce that reliance, but he did not see it as a reason to immediately hire more developers.
Instead, the stated objective is for protocol revenue to cover the people and services that keep THORChain operating. In that model, an oversolvency sweep, new integration revenue, and higher organic swap activity would first reduce the treasury's operating burden. Only then would the community face a stronger question about whether to spend the surplus on a larger team, reserves, or other priorities.
"I'd rather have the money become less reliant on the treasury than go ahead and hire one or two or three more devs." (Chad)That framing also explains the team's caution on hiring. Chad said developers are already finding ways to become more productive with AI tools, while the treasury is being managed for longevity rather than the spending profile of a venture-backed startup. A larger team remains possible, but only if the economics support it without recreating the dependency the protocol is trying to leave behind.
5. More Capacity Does Not Mean Every Idea Ships NowReturning to normal operations does not mean every queued idea has the same priority. Chad described separate groups working on maintenance, new chains and features, and continuous security work. That lets the security team continue an audit and work on initiatives such as DKLS and FROST while other developers focus on integrations and day-to-day protocol reliability.
Some ideas remain intentionally deferred. An opt-in chain-client model could eventually let smaller chains be validated by a subset of nodes, making it easier to support assets that cannot justify the full validator set. Chad said the concept was actively explored, but paused in favor of higher-value work such as Zcash, $XMR, $TAO, dynamic fees, and rev-share. He did not expect it to return this year.
The same discipline applies to chain removal. When the group asked whether Gaia should be removed, Chad's answer was economic rather than ideological: a chain that brings useful volume and revenue has a reason to remain. In the future, opt-in validation could allow participation to decline naturally rather than forcing every chain question into an all-or-nothing governance decision.
"We shouldn't Ragnarok any chain when that chain is profitable." (Chad)What to WatchWhether Zcash reaches mainnet cleanly, and whether the team announces the $XMR node-change window that precedes its cautious soft launch.The live results from Symbiosis dynamic fees, the proposed SwapKit rev-share test, and the planned Houdini integration.Whether new revenue sources and the oversolvency sweep reduce the treasury's operating burden before any Dev Fund change is considered.Whether the resumed churn continues to bring standby node operators into the active set without recreating the instability that prompted the sprint.More THORChain data, check out raynalytics.net
Follow Raynalytics for more Weekly Analytics and Podcast recaps.
Binance podpoří sloučení Stargate Finance (STG) do LayerZero (ZRO) v poměru 1 STG = 0,08634 ZRO. STG spot páry a vklady/výběry budou postupně ukončeny.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will support the Stargate Finance (STG) token merge to LayerZero (ZRO). General TradingAt 2026-10-06 03:00 (UTC), Binance will remove all existing STG spot trading pairs (i.e., STG/USDT) and cancel all pending STG spot trading orders.Trading on existing ZRO spot trading pairs will not be affected.Deposits and WithdrawalsAt 2026-10-06 03:30 (UTC), deposits and withdrawals of STG tokens will be suspended. Users should ensure they leave sufficient time for their STG token deposits to be fully processed prior to this time. After the event is complete, deposits and withdrawals of STG tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information. Token Merge All STG tokens will be swapped to ZRO at a ratio of 1 STG = 0.08634 ZRO. Spot At 2026-10-05 03:00 (UTC),Binance Spot Copy Trading will remove the aforementioned spot trading pairs. After this time, any outstanding spot trading pairs will be moved to the Spot Account. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to this time to avoid potential losses.At 2026-10-06 03:00 (UTC), Binance will remove and cease trading on all spot trading pair(s) for STG. The exact trading pair being removed is STG/USDT. All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will remove Trading Bots services for the aforementioned spot trading pair(s) where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Trading on existing ZRO spot trading pairs will not be affected. Futures Starting from 2026-09-24 08:30 (UTC), users are not allowed to open new positions for the aforementioned contract(s). At 2026-09-24 09:00 (UTC),Binance Futures will close all positions and conduct an automatic settlement on the aforementioned contract(s). The aforementioned contract(s) will be removed after the settlement is complete. Users are advised to close any open positions prior to the settlement time to avoid automatic settlement. Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the STGUSDT symbol(s).During the final hour proceeding the scheduled settlement time of a futures contract, the Futures Insurance Fund will not be utilised to support the liquidation process in respect of that futures contract. Any such liquidation triggered during the final hour will be executed as a single Immediate or Cancel order (“IOCO”), which will be offloaded into the market in one attempt. If, following the execution of the IOCO, the assets remaining available in the user's account are sufficient to meet the required Maintenance Margin (after accounting for realized losses and any applicable Liquidation Clearance Fee), the liquidation will cease. If the IOCO fails to fully reduce the position to a level that satisfies the Margin Maintenance requirements, any unfilled portion of the position will be resolved through the Auto-Deleveraging (ADL) process. Users are strongly advised to actively monitor and manage open positions during the final hour, as this period may be subject to heightened volatility and reduced liquidity.In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the aforementioned contract(s) without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting. Margin At 2026-09-19 06:00 (UTC),Binance Margin will suspend Cross Margin and Isolated Margin borrowings on the aforementioned pair(s).At 2026-09-24 10:00 (UTC) (Margin Delisting Time),Binance Margin will remove STG from Cross and Isolated Margin. The STG/USDT Cross Margin pair, and STG/USDT Isolated Margin pair will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token(s) into their Margin Accounts, less any collateral already available.Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.If users hold both collateral and liabilities of the aforementioned token(s) on Cross Margin, the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: The aforementioned tokens(s) will be sold to USDT or USDC, and the proceeds will be added to the user's Margin balance accordingly. Binance is not liable for any losses incurred.If users only hold the aforementioned token(s) in the form of liabilities: All pending orders in their Cross Margin Accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the delisting token(s)’ liabilities.Please note that users will not be able to update their positions during the removal process, which may take approximately 3 hours. Users are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading at Margin Delisting Time. Binance will not be responsible for any potential losses.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balances before Margin Delisting Time where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. All STG balances in the Cross Margin Account under the Portfolio Margin Account will be automatically converted to USDT or USDC from Margin Delisting Time. The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information. A separate announcement will be made for relisting. Loans At 2026-09-28 03:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for STG (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding STG loans before this time to avoid any potential losses. Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions. Simple Earn From 2026-09-30 07:00 (UTC), Binance Simple Earn will cease support for STG Simple Earn Flexible Products. Subscriptions will no longer be available. All remaining STG Flexible Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from STG Simple Earn Flexible anytime beforehand without deduction of any accrued rewards. After 2026-10-09 08:00 (UTC), Binance Simple Earn will resubscribe the converted ZRO assets for Flexible Products for impacted users. Binance Pay At 2026-09-29 07:00 (UTC), Binance will remove STG from the list of supported cryptocurrencies on Binance Pay. Convert Binance Convert will remove STG and all associated pairs at 2026-10-06 02:00 (UTC). Convert Low-Value Assets Convert Low-Value Assets will remove STG at 2026-10-05 02:00 (UTC). Users may choose to convert the low-value assets beforehand. Buy & Sell Crypto At 2026-10-06 02:00 (UTC), Buy & Sell Crypto will remove STG and all associated pairs. Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-09-18 Disclaimers: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
Arbitrum (ARB) has recorded a notable surge, climbing to $0.1814 and posting a 7.85% gain over the past 24 hours. This move followed a bounce from a key support area, prompting traders to assess whether ARB can sustain its upward momentum.
Technical strength supports Arbitrum’s rallyTechnical indicators on TradingView have highlighted Arbitrum’s resilience, with the token holding firmly above the $0.1525 support after a marked breakout earlier this month. The price action remains robust, especially above the 50-day moving average at $0.1020 and the 200-day moving average at $0.1065, which signals ongoing bullish momentum within the current trend.
Key momentum metrics, including the Moving Average Convergence Divergence (MACD), continue to favor buyers. A positive MACD with the main line above the signal line suggests bullish momentum has not been exhausted, even as ARB consolidates its gains.
If ARB pushes higher from its current levels, traders may focus on the next major resistance areas. However, a pullback below $0.1525 could potentially undermine the current bullish structure that has been established.
Analysis of technical indicators shows that Arbitrum continues to trade above its major moving averages, reinforcing current bullish sentiment among traders.
Stabletrust Pay launches on Arbitrum One via FairblockIn a recent network development, Arbitrum announced the integration of Stabletrust Pay on Arbitrum One through Fairblock. This update enables users to send, receive, and manage their stablecoins with enhanced privacy by leveraging encrypted transaction features.
Arbitrum is a layer-2 solution designed to enhance the scalability of Ethereum by offering faster and cheaper transactions while retaining the security of the underlying chain.
Data from DeFiLlama indicates that Arbitrum’s total value locked (TVL) remains stable at approximately $1.35 billion. Despite market fluctuation in recent weeks, the amount of capital within the network has stayed relatively constant. At the same time, the number of active addresses and on-chain transactions has shown ongoing consistency, supporting the view that the user base is resilient.
Traders often interpret steady TVL as a sign of persistent liquidity within an ecosystem, as opposed to funds moving to alternative networks or protocols.
Mini dictionary: Fairblock is a privacy infrastructure protocol focused on enabling confidential and encrypted transactions in decentralized networks. Its integration allows wallets and dApps to offer private transfers and on-chain privacy features for end users.
Open interest and trading volumes rise across ARB derivativesSpeculative interest in ARB has intensified, according to data from CoinGlass. Open interest for ARB derivatives jumped from about $95 million in late August to over $220 million in September. This expansion signals that more capital is flowing into ARB’s derivatives market, reflecting heightened activity and trader enthusiasm.
Arbitrum’s trading volume exceeded $1 billion multiple times this month, further highlighting elevated network activity. Additionally, liquidation data points to a spike in short liquidations during ARB’s recent upward move, suggesting many traders who held bearish positions were forced to exit as prices advanced.
DateARB Open InterestTrading VolumeLate August$95 millionBelow $1 billionSeptember$220 millionExceeds $1 billion on several occasionsOngoing ecosystem developments and feature launches have intensified overall market attention on ARB, with both on-chain activity and trader engagement trending upward.
Recent liquidations of short positions during ARB’s rally point to increasing trader interest as the ecosystem evolves, with boosted open interest and substantial capital entering the market.
SEC udělila dočasnou výjimku pro tokenizované americké akcie, což vyhnalo UNI, ARB, RAY a NEAR mezi největší růstové tituly dneška. Uniswap a Arbitrum jsou podle trhu nejblíž toku onchain akcií.
Arbitrum, Uniswap and NEAR top today’s gainers board. A fresh SEC exemption for tokenized stocks is powering the DeFi bid. Uniswap and Arbitrum sit closest to the onchain-equities flow. All five leaders trade in overbought territory on short timeframes. The five biggest gainers in the market today are decentralized exchange and Layer-2 tokens, not the usual large-cap majors, and they are moving together for a reason. Arbitrum (ARB) leads on a 24-hour basis at $0.2145, up 30.26%, followed by Uniswap (UNI) at $8.73 and NEAR Protocol (NEAR) at $3.47, with Raydium (RAY) and Aptos (APT) rounding out the group. The common thread behind most of the board is a regulatory decision made the day before: on September 17 the US Securities and Exchange Commission granted a temporary exemption that lets tokenized US stocks trade through permissioned automated market makers, the exact plumbing these protocols operate.
1
Arbitrum ARB
Market cap $1.45B
$0.2145
24h +30.26%
7d +47.83%
2
Uniswap UNI
Market cap $5.42B
$8.73
24h +27.98%
7d +42.91%
3
NEAR Protocol NEAR
Market cap $4.53B
$3.47
24h +27.14%
7d +38.04%
4
Raydium RAY
Market cap $458.57M
$1.70
24h +16.90%
7d +4.68%
5
Aptos APT
Market cap $577.94M
$0.6639
24h +16.23%
7d +3.80%
Why the SEC’s tokenized-stock order sits behind the board The SEC’s “Innovation Exemption” releases so-called Tokenized Securities Venues from the definition of an exchange under the Securities Exchange Act of 1934, and it does so for five years on a temporary, conditional basis. In plain terms, a venue can now bring buyers and sellers of tokenized US stocks together through permissioned AMMs and liquidity pools without first registering as a national securities exchange. The relief is narrow by design. It covers real, 1:1 backed shares that carry full shareholder rights such as dividends and voting, and it explicitly leaves out the synthetic stock tokens that have driven much of the recent onchain equity trade. The order also requires the smart contracts involved to be auditable and deployed on a public, permissionless chain, which rules out private bank networks and quietly favors the public DeFi venues already running this infrastructure.
Permissioned pools are the mechanism that makes the exemption workable. Rather than gating access at a website or through an offchain check, the pool itself verifies whether a wallet has been approved by the asset issuer before a swap or a liquidity deposit clears. The issuer keeps the allowlist and the compliance controls that securities law demands, while the approved trader gets standard AMM liquidity. That single piece of engineering is why the market treated a regulatory notice as a direct catalyst for specific token prices instead of a distant policy headline.
Uniswap already built the venue the exemption describes UNI/USDT 4-hour chart, Binance via TradingView. Price near $8.70 with RSI at 84, well into overbought territory. Uniswap is the clearest beneficiary because it already shipped the product the SEC’s language points to. Its Permissioned Pools framework, built as a Uniswap v4 hook and launched in July, lets regulated assets tap AMM liquidity while the issuer enforces eligibility on every trade. Launch partners included tokenization firms Securitize and Superstate, and Superstate has since confirmed it is routing tokenized equities onchain through that hook. The protocol has also become the default liquidity engine for Robinhood’s Stock Tokens, handling close to 99% of tokenized-stock liquidity on Robinhood Chain and passing $10 billion in cumulative stock-token volume.
80% of all Robinhood Stock Token volume is traded on Uniswap
That translates to $10B (and counting) pic.twitter.com/AUL7kTjBAq
— Uniswap (@Uniswap) September 18, 2026
UNI trades at $8.73, up 27.98% on the day and 42.91% over the week, a move that lines up with the market pricing Uniswap as the toll booth for onchain equities rather than as a generic DeFi token.
Arbitrum runs underneath Robinhood’s stock-token chain ARB/USDT 4h, Binance via TradingView. Reversed from a high near $0.229. Arbitrum tops the 24-hour board at $0.2145 and leads the group over seven days with a 47.83% gain, and its position in the tokenized-stock stack explains the strength. Robinhood Chain, the network where most of that stock-token volume settles, runs on Arbitrum Orbit technology, making it an Ethereum Layer-2 built on Arbitrum’s stack. Every dollar of tokenized-equity flow that benefits Uniswap is also flowing across Arbitrum’s infrastructure. Traders who bought the Uniswap thesis extended it one layer down. Worth noting for anyone chasing the candle: ARB had already printed a sharp intraday reversal, with the latest four-hour candle down 6.41% from a local high near $0.229, a reminder of how fast these repricings run in both directions.
Raydium carries the same trade onto Solana RAY/USDT 4h, Binance via TradingView. The freshest, least extended move. Raydium carries the Solana side of the story. As the network’s leading AMM, it stands to absorb tokenized-equity flow that the exemption opens up on public, permissionless chains, and that pipeline is already forming. Backpack’s tokenized stocks now route through Raydium, StonkFun has moved all new launches to Raydium’s LaunchLab, and the protocol reported its largest buyback to date, roughly $640,000 on September 9, funded by 12% of trading fees. RAY sits at $1.70, up 16.90% on the day. Its weekly gain of 4.68% is far smaller than the leaders’ double-digit weekly runs, which marks this as a fresher breakout rather than the tail end of a week-long trend.
NEAR and Aptos moved on catalysts unrelated to stocks NEAR/USDT 4h, Binance via TradingView. RSI 86, the most stretched of the group. Not every name on the board is a tokenized-stock play. NEAR rose 27.14% to $3.47 on a separate development: the launch of confidential perpetual futures on near.com, with execution running on Hyperliquid. The setup lets traders access more than 50 perpetual markets at up to 40x leverage while NEAR Intents handles the funding route and works to keep a deposit from being publicly linked to a wallet. The positions themselves stay visible at the market level, so this is confidential funding and wallet attribution rather than fully private trading. The protocol also reported confidential total value locked reaching $70 million and took a snapshot for a milestone incentive program, both of which fed the bid.
near.com MILESTONE: Confidential TVL has reached $70 million.
The snapshot for the [email protected] milestone incentive program has been taken. pic.twitter.com/ER1fYaQCxS
— NEAR Protocol (@NEARProtocol) September 15, 2026
Aptos, up 16.23% to $0.6639, moved on tokenomics instead of a product launch. The network burns APT on every transaction, and it reported 159.6K APT burned over the past 30 days and 1.8 million burned since mainnet, with an average transaction fee of $0.0005 following a tenfold fee increase and an annualized burn rate near 1.9 million APT. Against a market already bidding altcoins, a clean deflation narrative was enough to trigger a sharp single-candle reclaim of its major moving averages.
APT/USDT 4h, Binance via TradingView. Reclaimed all three averages in one candle. RSI above 80 on two of the five names Reading the charts is where caution enters. On the four-hour timeframe every token in this group trades above its 20, 50 and 200-period moving averages, which is the technical signature of an uptrend across short, medium and longer windows. The catch is momentum. The relative strength index, which measures how quickly price has risen relative to its recent range, is stretched well into overbought territory across the board, and readings above 70 typically signal a move that is due for a pause or a pullback rather than one with fresh room to run.
Four-hour RSI, with the 70 overbought line marked
NEAR
RSI 86.34
UNI
RSI 84.75
ARB
RSI 74.52
APT
RSI 74.00
RAY
RSI 73.66
The dark line at 70 is the overbought threshold. Every bar clears it, and NEAR and UNI push past 84, the sign of a move that has run fast and may need to cool before it continues.
Why the exemption’s fine print decides who keeps the gains The open question is whether trading volume actually follows the regulation. The SEC framed the exemption as a testbed, and it asked for public data and comment before deciding on permanent rules, which means the framework can still tighten. Several conditions cap its reach today. It applies only to genuine 1:1 backed stocks and not to the synthetic products that dominate current onchain equity trading, it carries limits on the number of tradeable symbols and aggregate volume, and Robinhood’s Stock Tokens remain off-limits to US persons, so the largest retail audience for these assets is still fenced out. The tokens that hold their gains will likely be the ones where issuers actually deploy under the exemption and route real order flow, rather than the ones that simply share a sector with the headline. For traders, the split the SEC drew between real tokenized shares and synthetics is the line to watch, because it may quietly decide which venues inherit the next wave of listings and which get left with the memecoin-stock pairs that seeded this market in the first place.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
World spustil World Money ve více než 150 zemích a v USA přes Stripe umožňuje dobíjení z Apple Pay na stablecoiny během minut. Aplikace spojuje platby, obchodování i Earn programy.
World has begun rolling out World Money across more than 150 countries on Sept. 17, combining stablecoin balances, global transfers, digital asset trading, Morpho-powered Earn programs and virtual accounts inside a self-custody financial app.
Summary
World Money is rolling out across more than 150 countries, with features varying by jurisdiction. Stripe powers the U.S. Apple Pay funding flow, converting supported funds into stablecoins within minutes. Morpho powers Earn programs for WLD, USDC, wrapped Ether, and wrapped Bitcoin in selected markets. Bridge converts U.S. virtual account deposits into USDC, while Lead Bank issues account details directly. World ID verification unlocks promotional Earn boosts, but rates and principal remain unguaranteed for users. World said features and eligibility vary by country, meaning the 150-plus-country footprint does not represent uniform access to every payment, trading, virtual-account or Earn function. The company describes World Money as the financial counterpart to World ID, with existing World users able to carry their verification status into the new app.
World Money combines payments, stablecoins and investing World Money supports stablecoin balances tied to eight currencies, according to the launch announcement. Users can hold supported dollar and local-currency stablecoins, track their portfolios, view transaction histories, set price alerts and send supported digital assets to other users by World username.
JUST IN: NEW: World launches World Money, a self-custodial financial super app across more than 150 countries.
The app combines stablecoins, cross-border payments, yield products and Mini Apps from platforms such as Kalshi and Morpho, while Bridge-powered virtual accounts let… pic.twitter.com/kDRqMjiXOe
— crypto.news (@cryptodotnews) September 17, 2026 The company says transfers between World Money users are typically completed within seconds, though timing can depend on the payment method and destination. Its product page warns that asset availability varies by country and that stablecoins held in the app are digital assets, not insured bank deposits.
Local stablecoins run on World Chain and can be exchanged inside the app where supported. World’s updated support documentation uses wARS, which tracks the Argentine peso, as one example. Users can obtain supported local stablecoins by swapping another asset such as USDC, while access to fiat bank transfers depends on local payment providers.
The Trade section covers digital assets including WLD, wrapped Bitcoin and wrapped Ether, while World says selected real-world assets such as gold can be accessed through third-party trading services. The full token list can change, and World directs users to the app for the current assets available in their jurisdiction.
World Money arrives after the project had already expanded the finance functions of its earlier World App. In earlier coverage of World App’s financial expansion, crypto.news reported that World had added virtual accounts, stablecoin transfers and an Earn product while increasing the number of assets accessible through the wallet.
Native USDC had already become part of that infrastructure. As previously reported on World Chain’s USDC integration, Circle replaced bridged USDC in World wallets with native USDC and brought its Cross-Chain Transfer Protocol to World Chain.
Stripe starts World Money funding in the U.S. The new release gives Stripe a direct role in funding World Money accounts. Beginning in the U.S., users can add money from Apple Pay and convert it into stablecoins through a funding flow embedded in the app.
World states that stablecoins funded through the Stripe flow will typically arrive within minutes. Stripe is described as the default way to add funds through the redesigned U.S. experience, though World did not publish a fixed processing time, fee schedule or date for extending the same setup to every country.
The arrangement builds on infrastructure World already uses from Bridge, which Stripe acquired. World introduced personal virtual accounts in 2025 for receiving bank transfers and paychecks, with supported deposits converted into digital assets inside users’ self-custody wallets.
Updated World support material gives more detail on how that setup operates. For U.S. dollar virtual accounts, Lead Bank issues the account and routing details, while Bridge converts incoming dollars into USDC before depositing the stablecoin into the user’s World Wallet on World Chain.
USD virtual accounts can accept employer and paycheck deposits where available. World separately offers Ripio-powered virtual accounts in Argentina, Colombia and Mexico, where local payment rails handle deposits and withdrawals. Those accounts do not share every function of the U.S. version; World says paycheck deposits are not supported through its Ripio virtual accounts.
World previously said its Bridge-powered virtual account service had expanded beyond its initial U.S. pilot into markets including Singapore, South Korea and Taiwan. The company reported nearly 38 million World App users and more than 850 million processed transactions when it announced that expansion in December 2025.
Morpho powers Earn while returns remain variable World Money has replaced its earlier WLD and USDC Vault products with a new Earn section. Supported users can deposit eligible assets into on-chain lending programs and track rewards without separately managing the underlying DeFi transactions.
World’s help center currently lists WLD, USDC, wrapped Ether and wrapped Bitcoin as examples of supported Earn assets. The programs use Morpho, with displayed APYs determined by protocol rates, deposited amounts and any promotional incentives.
Earn is not available in every country included in the 150-plus-country rollout. World says users who do not see the feature in their Wallet tab may be in an unsupported location. Rates can change, and withdrawals depend on on-chain liquidity and protocol conditions.
The main World Money product page warns that principal is not guaranteed and lists smart contract failure and protocol default among the risks. Earn balances are not bank deposits and receive no FDIC, SIPC or other government insurance.
World ID-verified users can receive limited promotional boosts on eligible Earn programs. Current support documentation says the enhanced rewards apply to the first 1,000 WLD and first 1,000 USDC placed into qualifying programs, with the underlying promotional terms subject to change.
Morpho itself has experienced infrastructure interruptions without reported failures of its underlying lending contracts. In recent coverage of a Morpho service outage, crypto.news reported that a July frontend and API disruption was restored after several hours while its blockchain contracts continued operating independently.
World ID now works beside a separate money app The launch comes as World has separated much of its identity and financial functionality into two applications. Updated support documentation dated Sept. 16 says World ID App now handles identity verification and credentials, while World Money handles wallet and financial functions.
Existing users do not need a separate identity. The two apps share the same World ID, allowing verification status to carry across when users sign in. World Money continues to support sending and receiving assets, trading and virtual accounts, while passport and national-ID credentials reside in the World ID App.
Orb verification remains available through World Money for a limited period, according to the current support page. World describes Orb verification as proof that a person is unique and uses it to determine eligibility for selected rewards and experiences.
In its launch post, World said “Money moves differently when accounts belong to people,” arguing that proof of human can add a verified-human layer to digital transactions. That description represents World’s view of its identity system; it does not eliminate payment, smart-contract, stablecoin or investment risks.
World Money includes Mini Apps such as Kalshi, Credit and Morpho, with actual access dependent on local eligibility. Kalshi has previously worked with World on prediction-market access; earlier coverage of the Kalshi integration reported plans to let World users access its markets through a Mini App.
WLD traded around $0.37 on Sept. 17, with CoinMarketCap data showing a roughly 3.2% daily increase at the time of its market snapshot.
World’s current product terms state that World Money is offered by Tools for Humanity and is not a bank. Features provided through Stripe, Bridge, Morpho and other partners remain subject to their own terms, local eligibility requirements and availability. World ID App and World Money now run in parallel, with the former handling identity credentials and the latter retaining wallet, transfer, trading and virtual-account functions.
V Ondo Finance se vyostřil spor o kontrolu po smrti zakladatele Nathana Allmana bez závěti. Rodina se nyní přela i o způsobilost Kathleen Allmanové a její podíl v pozůstalosti.
A legal battle over control of Ondo Finance has intensified after founder Nathan Allman died without a will, leaving his parents to inherit an estate that includes a controlling equity stake and a large holding of ONDO tokens.Allman’s mother, Kathleen Allman, sued acting CEO Ian De Bode over an alleged attempt to seize corporate control and secure a compensation package worth about $11 million.Allman’s half-sister and Ondo investor David Chen are seeking a limited conservatorship over Kathleen Allman’s share of the estate, alleging cognitive impairment and financial mismanagement, claims she denies.The succession crisis at Ondo Finance in the wake of its young founder Nathan Allman’s recent death is getting messier, as Allman’s family wages a legal battle against acting CEO Ian De Bode, and now, against each other.
Allman’s half-sister, Dr. Lani Clinton, and Ondo investor David Chen have petitioned a Hawaiian court to establish a limited conservatorship over Clinton’s 77-year-old mother Kathleen Allman’s share of the Ondo Founder’s estate, which includes a “controlling equity interest in Ondo Finance” and a “very large holding of ONDO tokens” including unlocked tokens and tokens that will unlock over the next three years.
In a Sept. 16 filing, Kathy Allman accused the defendants of forum-shopping after failing to remove her from Ondo’s board or curb its authority. She alleged that De Bode and Chen coordinated to replace her with a more sympathetic fiduciary and delay the Delaware proceedings, noting that Chen is funding a separate Hawaii petition, shares De Bode’s counsel and relied on sealed materials from the Delaware case.
The filing also said the Delaware court had already rejected De Bode’s argument that Kathy and Tahnee Towill were unfit to serve as directors.
Nathan Allman died suddenly and without a will at age 32 in May, leaving his estate — including his stake in Ondo Finance — in limbo. A probate court subsequently named his parents, Kathleen Allman and Lawrence Allman, his inheritors.
In the wake of Allman’s death, De Bode took the helm at Ondo. Shortly after De Bode’s ascension to acting CEO, Allman’s mother appointed herself and another of her children, Tahnee Towill, to Ondo’s board, named herself chair and interim CEO, and attempted to remove him from all company positions (he remains acting CEO and a member of Ondo’s board as of a Sept. 3 court order).
Ondo Finance declined to comment, and CoinDesk’s call to De Bode went unanswered.
Kathleen Allman subsequently filed suit against De Bode, accusing him of a “brazen usurpation of corporate control” and alleging that he began plotting a new $11 million compensation package within a week of Allman’s death. Her suit seeks to establish that De Bode and Chen, an early Ondo backer who De Bode sought to appoint to the board, were not validly appointed, that the disputed compensation awards are void, and seeks damages for alleged breaches of fiduciary duties.
De Bode’s compensation package included a $900,000 annual salary and bonus, a $1 million signing bonus and 26 million restricted token units valued at more than $9 million, Allman’s complaint said. The package also included awards covering 846,000 shares that would have increased his stake from 0.33% to 8%, or roughly 24-fold. Vesting was set to begin May 25, the day after Allman died.
“The writers of Game of Thrones could not have scripted Ian’s usurpation of power any better,” the estate said in its complaint.
But the new court filings call Kathleen Allman’s competency into question. Dr. Clinton, a professor of medicine at Duke University, told the judge that her mother “suffers from a long-standing alcohol use disorder and from a progressive impairment of executive function, judgment, insight and social cognition, which renders her unable to manage property and business affairs of this character and magnitude.”
In a statement to CoinDesk provided by her lawyers, Kathleen Allman denied the allegations in the petition, calling them baseless, and adding: “The petition in Hawaii has been filed by an associate of Mr. De Bode as a desperate next step after his attempts to wrest control of Ondo and wrongly enrich himself were declared invalid by the Delaware Court of Chancery. We are confident that this latest action will similarly fail. Kathleen has prioritized good governance from day one and will continue to focus on supporting the long-term success of Ondo while upholding the vision and values of her son Nate Allman.”
In addition to claiming her mother has a decades-long history of “consum[ing] alcohol at pathological levels,” Dr. Clinton asked that the court review her mother’s medical records and evaluate her for dementia, claiming in the court documents that a pattern of behavior over recent years was consistent with the “behavioral variant of frontotemporal dementia.”
In her filing, Dr. Clinton claimed to have been estranged from her mother since 2022 after an incident during a family vacation when Kathleen Allman allegedly told Dr. Clinton’s young children, aged 10, six and two, that “they were worthless, that she should have aborted all of them, and that she might be fortunate if they drowned in the ocean during the visit.” Afterwards, Kathleen Allman denied saying anything of the kind, according to the filing.
The court filings also hint at a pattern of lavish spending, claiming that Kathleen Allman “came to depend on [Allman] for…a scale of living her own resources had never supported.” In June 2025, according to court documents, Allman bought his parents a beachfront home in Honolulu for $18.5 million.
“Petitioners note also that despite substantial earnings [Kathleen Allman] has a history of financial strain, including an occasion on which she could not meet a single month’s mortgage payment and borrowed from her own mother,” lawyers for Dr. Clinton and Chen wrote in their filing.
Before Allman’s death, the filings claim, Kathleen Allman “purchased or attempted to purchase a Zeelander yacht in Florida at a price on the order of $4 million; traveled by private aircraft, including a request that [Ondo Finance] bear a six-figure cost of a flight from Hawaii to California, and lodged at approximately $4,000 per night.”
Nine days after her son’s death, according to filings, Kathleen Allman texted Chen saying: “Hi, I feel confident everything will sort, in time. But my #1 concern is cash flow, liquidity! Soon! Like I have a 200K invoice from people building pool in Newport. I really want to get that…boat, etc.”
Read more: Power struggle erupts at Ondo Finance after founder’s death
UPDATE (Sept. 17 23:10 UTC): Updates story with additional detail about the Sept. 16 filing made by the estate.
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.
SEC zavedla dočasnou výjimku „Innovation Exemption“ pro obchodování tokenizovaných akcií na blockchainu, což podpořilo ONDO. Token Ondo Finance za 24 hodin vzrostl o 13,48 %.
ONDO surged in value following a decision by the US Securities and Exchange Commission (SEC) to introduce an “Innovation Exemption,” granting temporary relief for certain venues trading tokenized stocks on the blockchain. This measure aligns with Ondo Finance’s ongoing mission to bring traditional securities into the blockchain ecosystem.
SEC introduces temporary framework for tokenized equitiesThe SEC’s Innovation Exemption paves the way for qualified Tokenized Securities Venues (TSVs) to facilitate trading of tokenized National Market System stocks. To be eligible, these platforms must use permissioned automated market makers and liquidity pools, adhere to strict conditions, and allow challenges to the listing of securities.
This exemption is both temporary and conditional. The SEC emphasized that holders of these tokenized stocks must enjoy the same rights and privileges as owners of their traditional counterparts. However, products that solely track the price of a stock, without representing direct ownership, remain excluded from the framework.
SEC Commissioner Mark Uyeda stated that the initiative is designed to let regulators observe the development of blockchain-based securities markets. The agency said it would use this period to further examine and refine its regulatory approach.
The framework allows regulated blockchain trading of select US stocks while the SEC evaluates its regulatory stance, offering a path forward for securities tokenization.
This move has sparked optimism across the tokenization industry, as it represents the first formal regulatory blueprint for blockchain-based securities marketplaces in the United States.
Mini dictionary: Ondo Finance is a company specializing in bringing real-world assets and securities, such as stocks and bonds, onto public blockchains using tokenization protocols.
ONDO rallies, technical analysis highlights resistance targetsOn the news, ONDO—the native token of Ondo Finance—rose sharply, gaining 13.48% over the last 24 hours to trade at $0.3747. The 24-hour trading volume reached approximately $384.07 million, with a market capitalization near $1.81 billion.
MetricValueCurrent price$0.374724h Volume$384.07 millionMarket Cap$1.81 billion24h Gain13.48%Technical analyst Crypto With Gopal noted a rectangle pattern forming on ONDO’s four-hour chart. At $0.353, ONDO faces resistance at $0.425 and has support at $0.320. If the price closes above the resistance, the token could target $0.55. A drop below $0.320, however, could undermine the bullish setup.
On the indicators front, ONDO’s price currently sits at $0.36813, well above the middle Bollinger Band at $0.35559 and below the upper band at $0.38517. This suggests bullish momentum, though the MACD indicator remains below zero at -0.00230, signaling ongoing bearish pressure.
If ONDO holds above $0.425, the technical setup favors a rally toward $0.55, but losing $0.320 support would threaten the uptrend.
Industry outlook and Ondo’s regulatory positionOndo Finance, which has developed a tokenized stock infrastructure and maintains regulatory registrations via Oasis Pro Markets, stands to benefit if the SEC permanently expands its guidelines. However, the SEC’s move remains temporary and subject to revision pending industry and public feedback.
The exemption presents new challenges and opportunities for both Ondo and the wider securities tokenization market, as participants await further regulatory clarification in the coming months.
Americké ministerstvo financí zařadilo íránskou burzu BitBank na sankční seznam kvůli převodům bitcoinů pro IRGC. Sankce míří i na finančníka Babaka Zanjaniho a jeho spolupracovníky.
The U.S. is continuing to target Iran’s use of bitcoin.
In a Thursday statement, the U.S. Department of the Treasury designated BitBank, an Iranian crypto exchange, as part of Operation Economic Outcast — the Trump Administration’s whole-of-government economic campaign against the Islamic Republic of Iran and its enablers.
The U.S. has sanctioned Iran for decades. This year, the Middle Eastern country has stepped up its use of cryptocurrencies — including bitcoin — in order to skirt around economic penalties.
“Today’s designations of Iranian digital asset infrastructure make perfectly clear that efforts to finance the Iranian regime using cryptocurrencies are not beyond OFAC’s reach,” Secretary of the Treasury Scott Bessent said in a statement.
“If you support the Iranian regime, the Department of the Treasury will sanction you.”
The sanctions target designated Iranian financier Babak Zanjani, along with its software developer, Pishtaz Simorgh Electronic Trade Company, and three of Zanjani’s associates: Hossein Ali Zaker Hossein, Mohammad Mahdi Zaker Hossein, and Seyed Adel Heidari.
Since June, the Iranian Hormuz Safe Marine Services Authority has used BitBank to move bitcoin to the Iranian regime, according to the Treasury.
Thursday’s sanctions aim to hit the “architecture Zanjani built to launder funds,” it added.
“The Department of the Treasury will continue to not only target the Iranian digital asset ecosystem, but also international entities and actors which help facilitate it,” the statement continued.
Iran started a bitcoin-backed insurance service for its counties shipping companies earlier this year.
The U.S. in July said that it had frozen crypto linked to the Iranian regime, mostly in the form of Tether’s stablecoin.
Stablecoins like Tether’s USDT can be frozen by the company that issues the asset. But bitcoin, being decentralized and having no single issuer, cannot.
The U.S. Treasury’s Office of Foreign Assets Control in July said Iran had been dodging sanctions by accepting pay in bitcoin from ships passing through the Strait of Hormuz.
OFAC said at the time that Hormuz Safe, developed by Iran’s Ministry of Economy, “accepts payment in Bitcoin and other digital assets” so it can bypass sanctions.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
XRP Ledger vydal verzi 3.4.0 s Lending Protocol v1.1, který přidává uzavřené trezory a účetnictví na bázi hotovosti. Aktivace ale závisí na hlasování validátorů.
XRP Ledger version 3.4.0 is now available, bringing changes to its lending framework alongside new amendments, stronger peer protections and performance updates aimed at improving how network nodes operate.
XRP Ledger 3.4.0 Brings Lending Changes The XRP Ledger Foundation released version 3.4.0 with Lending Protocol v1.1 among the amendments open for voting. The improvement introduces closed-ended vaults and cash-basis accounting to the lending framework.
XRPL features lending loans based on the XLS-66 specification, which offers fixed-term loans with the use of Single Asset Vaults. The model uses off-chain underwriting and risk assessment instead of requiring each loan to have on-chain collateral.
However, installing XRPL 3.4.0 does not automatically activate the new lending functions. Before the network can adopt the amendment, validators need to support the amendment.
Formal verification is also being used for the Lending Protocol by the developers. This method leverages mathematical proofs to verify the protocol’s behavior under specific inputs, in addition to traditional software testing.
Version 3.4.0 Adds Fixes and Node Updates Another amendment included with the release is fixCleanup, which groups several fixes into one proposal. The update comes after previous cleanup efforts of Single Asset Vaults, lending and automated market makers and other functions of XRPL.
Version 3.4.0 also modifies the behavior of nodes regarding missing ledger history. Online deletion now pauses when the software detects a gap, helping a node remain closer to the latest validated ledger.
Meanwhile, the developers made changes to the peer protocol and the Multi-Purpose Token freeze checks. These modifications are targeted to the network communication and the pace of particular checks that XRPL software carries out.
XRPL Moves Packages to New Repository XRPL software packages have been replaced on packages.xrplf.org and now have an XRP Ledger Foundation signing key. The update requires a node operator to update their repository configuration prior to installing the release if they are using version 3.3.0 or below.
This upgrade will require the running of one or more additional commands on some operators. The XRPL documentation provides manual instructions for Ubuntu installations affected by the repository change.
The amendments will take effect based on the outcome of validator voting. XRPL amendments must reach the required support level and maintain it through the activation period before the network adopts them.
Version 3.4.0 therefore provides the software for the proposed lending changes while leaving their activation to the XRP Ledger’s amendment voting process.
For more on XRPL, multi-purpose tokens support real-world asset issuers expanding on-chain debt and credit markets.
Coinbase uzavřela partnerství se společností Stablecore, aby komunitním a regionálním bankám i úvěrovým družstvům umožnila nabízet úschovu digitálních aktiv, směnu a platby ve stablecoinech. Služby poběží přes jejich stávající platformy.
Coinbase has announced a partnership with Stablecore, enabling community and regional banks, as well as credit unions, to offer digital asset custody, exchange activity, and stablecoin payments through their existing platforms. This collaboration aims to integrate digital asset services into traditional banking infrastructures, potentially broadening the adoption of cryptocurrencies. The development coincides with the upcoming Ethereum Institutional forum in London, which will focus on Ethereum’s future and security. This dual focus on institutional and retail integration could be indicative of a broader shift towards mainstream acceptance and utilization of digital assets.
The partnership between Coinbase and Stablecore appears to enhance the accessibility of digital asset services through well-established banking channels in the U.S. This integration is viewed by market participants as a significant step in increasing the adoption of cryptocurrencies like Ethereum, potentially impacting its market value positively. In related prediction markets, the probability of Ethereum reaching higher price thresholds by the end of 2026 is being closely monitored for indications of increased confidence among participants.
Key Takeaways The partnership between Coinbase and Stablecore suggests a move towards integrating digital asset services into traditional banking platforms. Market pricing indicates that this development may be supportive of increased cryptocurrency adoption and investment, particularly for Ethereum. The Ethereum Institutional forum in London is poised to discuss Ethereum’s role in financial infrastructure, which may influence market sentiment. What to Watch Observers should monitor further institutional collaborations and announcements from the Ethereum Institutional forum in London on November 12 for potential impacts on Ethereum’s market perception. Additionally, any regulatory developments affecting digital asset integration in traditional banking systems could have significant implications for market pricing. The continued evolution of these partnerships and forums may indicate scenarios where Ethereum’s price targets become more attainable.
Get live prediction-market analysis, powered by Vera. Sign up for Vera.
Term Structure
Contract Odds Δ since publish Volume 24h December 31, 2026 1.5% +0.1¢ — View market → December 31, 2026 1.8% 0.0¢ $123 View market → December 31, 2026 3.1% 0.0¢ $1K View market → December 31, 2026 4.5% +0.5¢ $3K View market → December 31, 2026 8% -0.5¢ $4K View market → January 1 2027 25% +0.5¢ $2K View market → January 1 2027 5.5% 0.0¢ $15K View market → January 1 2027 1.7% 0.0¢ $406 View market → January 1 2027 2.1% +0.2¢ $3K View market → January 1 2027 3.5% 0.0¢ $64 View market → January 1 2027 5.6% 0.0¢ $2K View market → January 1 2027 13.5% -0.5¢ $3K View market → January 1 2027 13.7% 0.0¢ $2K View market → January 1 2027 3.9% 0.0¢ $163 View market → January 1 2027 1.7% -0.1¢ — View market → January 1 2027 8.5% 0.0¢ $92 View market → January 1 2027 49.5% 0.0¢ $283 View market → January 1 2027 69.5% -0.5¢ $3 View market → January 1 2027 16% -1.5¢ $9K View market → January 1 2027 2.3% 0.0¢ — View market → January 1 2027 31.5% -3.5¢ $500 View market → January 1 2027 58% -3.5¢ $49K View market → Updated 1min ago
Průměrné poplatky na síti Ethereum spadly z 0,72 USD na 0,095 USD za převod, tedy o 87 %, díky nižší aktivitě a upgradu Fusaka. Gas limit se zvýšil na 60 milionů.
Ethereum’s average transaction fees have fallen sharply in recent months, sliding from $0.72 per transfer in April to just $0.095 today. This dramatic decline arrived as Ethereum’s market price remains near yearly highs, highlighting the impact of recent technical upgrades and changing user demand on network costs.
Network activity cools as upgrades take holdAnalytics provider Santiment attributed much of the fee reduction to subdued mainnet activity during the summer’s quieter trading environment. With fewer active users competing for Ethereum’s blockspace, congestion eased and processing costs dropped.
Santiment noted transaction costs have decreased considerably since reaching their yearly peak. The firm highlighted that despite Ethereum’s higher price, users now pay significantly less per transaction, with current fees measured at $0.095 compared to $0.72 in April.
While seasonal demand is down, Ethereum’s increased network capacity has also played an important role in reducing fees. The Fusaka upgrade brought higher blob throughput, enabling the blockchain to handle more data with every block and easing congestion further.
In addition, Ethereum’s gas limit was raised to 60 million, increasing the number of transactions processed in each block and further diluting competition for blockspace.
Layer 2 networks, such as Optimism and Arbitrum, have absorbed a significant share of network activity that previously occurred directly on Ethereum’s mainnet. These secondary protocols help reduce demand for mainnet blockspace and thereby ease upward pressure on fees.
Mini dictionary: Fusaka upgrade, a network improvement on Ethereum that increases “blob” data throughput, allowing for greater transaction capacity and helping decrease congestion.
These combined factors have given users a more affordable experience for activities such as token transfers and decentralized finance transactions. Lower transaction costs address one of the platform’s long-standing hurdles to broader adoption, though fee reductions alone do not necessarily signal renewed network growth.
ETH price tests key support and resistance zonesETH most recently traded near $2,441, marking a 2.2% rise over the previous 24 hours and showing sturdy trading volumes of $12.2 billion. Despite this bounce, weekly performance has cooled, with the token declining 0.6% over the past seven days.
Market analyst Cryptorphic identified $2,365 to $2,380 as an important support zone, stating that ETH has rebounded from this range after a recent dip.
According to the analysis, price is currently testing a broken rising trendline around $2,460. If ETH reclaims this level, a further advance toward the $2,520 to $2,530 resistance area could follow, while failure may result in a return to support.
This technical area remains a focal point for traders anticipating a potential shift in short-term sentiment. The asset’s ability to sustain movements beyond its immediate support and resistance levels may influence near-term outlooks.
Meanwhile, the improved fee environment could help stimulate activity if market participants regain confidence and push for higher transaction volumes in the months ahead.
MetricApril 2026September 2026Average transaction fee$0.72$0.095Gas limitPreviously lower60 millionETH priceLower than $2,441$2,441Key support zone$2,365–$2,380$2,365–$2,380Key resistance$2,520–$2,530$2,520–$2,530
Sui uzavřel partnerství s Daya, aby firmám v Africe umožnil gasless stablecoinové platby bez síťových poplatků. Integrace je už aktivní v Daya Business, Daya Pro a Daya APIs.
Sui has announced a partnership with Daya to enable gasless stablecoin transactions for businesses across Africa, aiming to simplify cross-border payments and streamline treasury management. With stablecoins gaining increasing traction as a reliable payment option in the region, this collaboration seeks to address common challenges faced by African companies in cross-border settlements and remittances.
Daya integrates Sui for seamless business paymentsDaya has incorporated Sui as its settlement infrastructure, allowing businesses to execute stablecoin transfers without network gas fees. The integration is already live across Daya Business, Daya Pro, and Daya APIs, expanding access to payments, liquidity, remittances, and developer services.
Currently operating in Nigeria, Daya plans to roll out additional local-currency rails in South Africa, Ghana, and Kenya. The collaboration aims to make cross-border transactions for African enterprises more efficient by leveraging Sui’s gasless transaction capability to reduce costs and operational friction.
Sui’s gasless model eliminates the need for companies to hold or manage a separate SUI token balance. Instead, supported stablecoins such as USDC serve as direct payment assets, streamlining both settlements and treasury operations for users on the continent.
Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs, highlighted the significance of this technological shift.
He emphasized that removing gas fees helps deliver blockchain-based financial products that are faster, more reliable, and global in scope, while Daya’s platform addresses essential business needs for efficient money movement across Africa.
Tomiwa “Aleph” Lasebikan, Co-founder and CEO of Daya, underscored the benefits for businesses. He pointed out that by eliminating the need to understand or manage a native network token, millions of African enterprises can adopt stablecoin-based payments more easily.
Stablecoins strengthen Africa’s payment infrastructureThe adoption of stablecoins continues to accelerate across African markets, particularly as businesses seek faster value transfer and insulation from local currency volatility. Many firms remain hindered by payment processing delays, foreign exchange barriers, and high transaction costs. By enabling dollar-backed digital assets to bypass cumbersome intermediaries, stablecoins are emerging as the preferred payment rail for cross-border activity.
Daya’s integration of Sui comes amidst a broader trend of blockchain and fintech innovation in Africa. Providers are building ecosystems capable of local collection, stablecoin conversion, multi-currency accounts, and cross-border payouts—all from a single platform.
As technical milestones such as Daya’s Sui-powered gasless payments are reached, a larger transition is taking place within financial markets. While traditional systems often depend on intermediaries or brokers, more investors and businesses are turning to decentralized solutions. Wall Street is increasingly embracing Web3, with investors leveraging tools like 1stepSwap to directly hold shares of leading US companies, as well as gold and silver, in their crypto wallets. Through real-world asset (RWA) tokenization and automatic price matching, these platforms further eliminate middlemen from the transaction process.
Sui’s growing stablecoin market is also fueling this transformation. Research from DeFiLlama shows around $470 million in stablecoin capitalization currently present on Sui, underscoring the network’s sizable liquidity and its expanding role in Africa’s digital payments sector.
The scale of stablecoin activity points to a deepening infrastructure for payment-focused applications. As blockchain networks and established financial infrastructure providers collaborate, the resulting solutions could dramatically improve efficiency and accessibility for businesses in Africa.
The continued adoption and real-world application of such technology will be shaped by demand among businesses and the willingness of payment providers to integrate scalable blockchain infrastructure. Ongoing partnerships, such as the new agreement between Sui and Daya, are set to reinforce the region’s evolving digital financial landscape.
Matt Huang z Paradigm varoval, že čisté coin voting řízení může u Zcash vytvořit nepředvídatelnost a oslabit dlouhodobou důvěru v ZEC jako peněžní aktivum.
Zcash’s governance crisis is back in the headlines again, with funding for developers (via the Dev Fund) and the voting mechanism facing strong scrutiny.
The Dev Fund, meant to support ongoing development, including security and engineering of the Zcash network, gets 20% of all block rewards. For some, the fund is inflationary and a tax on ZEC holders that should be abolished and allow developers to seek private funding.
However, others feel the Dev Fund should be kept. Joining the debate, Matt Huang, founder of VC and blockchain research firm Paradigm, took a slightly different stance.
We believe the Dev Fund is important, particularly in this age of AI cyber capabilities, rate of quantum progress, etc.
However, he disagreed with the governance voting mechanism, warning that the current approach that depends squarely on coinholders can affect ZEC’s valuation.
We think pure coinvoting governance introduces unpredictability that could limit long-term trust as a monetary asset, and it is better for the project to combine coinvoting with other forms of governance.
Source: X What’s at stake amid the Zcash governance crisis? It’s worth pointing out that Aave faced a similar governance crisis recently. Independent developers and tokenholders disagreed with Stani Kulechov’s (founder) push to control revenue and brand rights.
The results? AAVE’s price tanked, and the trust-rebuilding is still ongoing.
It seems Huang fears a similar fallout for ZEC, a token viewed as a better privacy-focused alternative to Bitcoin. Although he didn’t disclose his preferred hybrid voting mechanism, Huang’s stance sparked mixed responses.
For his part, investor Naval Ravikant disagreed with him, warning that off-chain third parties will create endless politics.
Blockchains are markets, not democracies or aristocracies.
Source: X But Josh Swihart, founder of Zcash Open Development Lab (ZODL), an independent developer, echoed Huang’s views. However, he called for the network’s outcomes to be clear so that the exact funding can be decided for those objectives.
For perspective, the Dev Fund directs 60% to ‘Lockbox’ as the community debates how to govern and share it.
The remaining 40% goes to Zcash Community Grants (ZCG) and is issued to independent developers within the ecosystem. The Lockbox holds about $37M.
Source: The Block ZEC price explodes 30% to a record high Despite the governance debate, ZEC exploded 30% this week to a record high of $1396. The rally followed massive $18M single-whale accumulation and short liquidations. In particular, Garret Jin suffered a $26M loss in his ZEC short position.
However, if the debate spirals out of hand and reverses the rally, a pullback to $1K or $800 would offer new buying opportunities.
Source: ZEC/USDT, TradingView Final Summary Paradigm founder warned that ZEC could be devalued amid Dev Fund and voting debate. ZEC price hit a new record of about $1.4K amid record whale buying, shrugging off the governance crisis.
SEC schválila Innovation Exemption pro tokenizované akcie, což poslalo $UNI zhruba o 19 % výše na téměř $7,60. $NEAR zároveň přidal kolem 18 % na $3,00 po zprávě o překročení $70 milionů v confidential TVL.
A single regulatory decision dominated crypto price action on September 17, lifting decentralized exchange tokens and drawing fresh attention to the intersection of traditional finance and onchain infrastructure.
SEC clears the path for onchain stock trading $UNI surged roughly 19% to near $7.60 after the U.S. Securities and Exchange Commission issued its long-awaited Innovation Exemption. The SEC granted temporary, conditional exemptive relief to Tokenized Securities Venues (TSVs), releasing them from the definition of "exchange" under the Securities Exchange Act of 1934, so they can trade tokenized National Market System stocks using permissioned automated market makers and liquidity pools. The exemption creates a five-year window for tokenized NMS stocks to trade through permissioned AMMs and liquidity pools on public blockchains.
Uniswap founder @haydenzadams said the relief also covers permissioned pools in Uniswap v4, a detail that directly broadened the scope of the ruling for the protocol's users.
The regulator explicitly excluded synthetic security tokens that are derivatives and do not provide ownership of the underlying shares, a distinction that narrows the exemption to fully backed instruments. The order covers stock tokens that are 1:1 backed by the underlying asset with full voting rights, dividends, and proxy entitlements. SEC Chairman Paul Atkins framed the move as a step to bring US capital markets into the digital age, and noted the commission would seek public comment as it considers longer-term rules.
NEAR Protocol climbs on Confidential Intents milestone $NEAR gained around 18% to $3.00 on a separate catalyst. near.com announced that it had surpassed $70 million in confidential Total Value Locked, automatically triggering the snapshot for Drop 1 in the [email protected] Milestone Incentive Program. 333,333 milestone tokens will soon be available for eligible community members to claim.
Eligible participants must maintain a confidential balance above $100 and an active swap history. Rewards remain locked until NEAR's three-day volume-weighted average price reaches $3.33 or higher, at which point milestone tokens convert into $NEAR. Confidential Intents routes transactions through a NEAR private shard, eliminating mempool exposure, predatory MEV, and front-running without the computational overhead of zero-knowledge systems.
The two catalysts, regulatory and protocol-level, reflect how quickly the market is repricing assets tied to real structural developments rather than sentiment alone.
Sources:
SEC.gov: SEC Issues Innovation Exemption to Facilitate Trading of Tokenized NMS Stock
PRNewswire: near.com Confidential TVL Reaches $70 Million
CoinDesk: SEC Rolls Out Innovation Exemption for Tokenized Securities Venues
NEAR Protocol vzrostl o 22 % na 2,98 USD po spuštění důvěrného obchodování s perpetual kontrakty poháněného Hyperliquid. Objem obchodů vyskočil o 120,4 % na 1,24 miliardy USD.
NEAR Protocol (NEAR) rallied on Thursday, rising by 22% to $2.98 as traders responded to the launch of confidential perpetual trading powered by Hyperliquid. During the rally, the trading volume surged 120.4% to $1.24 billion, and the market cap rose to about $3.9 billion.
NEAR Brings Private Hyperliquid-Backed Perpetual Trading According to a report, NEAR has made perpetual positions confidential by default on the platform. Users can now open leveraged trades without making the trades public on the blockchain.
The setup uses NEAR Intents, with a private shard that shields transaction details from the public ledger. Traders remain in control of their funds, while information such as position size, entry levels, and trading activity can stay hidden from outside observers.
Funding is not limited to assets held on NEAR. The interface supports over 35 blockchains, and NEAR Intents acts as the router between network chains. This eliminates some of the middle steps in which users would have to transfer assets or cash across different wallets.
Hyperliquid Handles the Underlying Perpetual Trades Hyperliquid provides the perpetual futures market behind the product. According to data, the decentralized derivatives platform has seen perpetual trading volume of approximately $240 billion in the last 30 days.
Under the arrangement, NEAR supplies the privacy and cross-chain layer, while Hyperliquid handles the underlying derivatives execution. The product is supported by over 50 markets, and leverage up to 40x is available in the NEAR interface.
Hyperliquid is attracting interest beyond the NEAR rollout. Payward, Kraken’s parent company, announced its intention to launch on-chain perpetual futures based on Hyperliquid for U.S. customers via a mechanism that includes CFTC-regulated Bitnomial Exchange and Bitnomial Clearinghouse.
What’s Next for NEAR Price? Following the token’s time below the $3 mark, the recent announcement has been the catalyst for a rally amid a bearish crypto market brought on by the Clarity Act failing to pass. Should the rally proceed, the NEAR token would need to reclaim $3.5 and maintain the current momentum.
Earlier in the week, interest in NEAR’s confidential trading system had been ramping up. On September 15, the project released a statement stating that the total value locked (TVL) was now $70 million.
However, perpetual futures are still a high-risk product due to the fact that leverage can magnify gains or losses. Other factors that could affect access include local rules, and in some jurisdictions, derivative trading on decentralized platforms may be limited.
Šéf Avalanche Treasury Co. Bart Smith varuje, že AI agenti mohou vyčerpat kapacitu Layer 1 a že blockchain už nebude mít „nekonečný“ prostor. Zároveň očekává, že tradiční finanční trhy budou do poloviny roku 2027 fungovat v režimu 24/5.
Avalanche Treasury Co. CEO Bart Smith has warned that AI agents could strain Layer 1 block space as automated financial activity moves onchain and traditional markets adopt longer trading hours.
Summary
Smith said AI agents could challenge the assumption that blockchain capacity is effectively unlimited. Rising transaction demand could make technical differences among Avalanche, Solana and Ethereum more important. Smith expects traditional markets to trade around the clock, five days a week, by mid-2027. Avalanche Treasury gives U.S. investors exposure to the network through its Nasdaq-listed AVAT shares. AI agents could test available block space The Block reported from the New York Avalanche Summit that Smith expects autonomous agents to generate financial transactions on blockchains if their adoption reaches even the lower end of current market estimates.
AI agents can act on instructions, interact with software and complete tasks with limited human involvement. Applied to finance, such systems could place trades, move funds, settle payments or manage positions, with each onchain action competing for network capacity.
Smith argued that the resulting transaction load would challenge the common view that block space remains abundant. Existing networks can currently handle enough activity that many users do not need to consider how one Layer 1 processes transactions differently from another.
“As long as AI agent activities reach the lower end of market expectations, relevant activities will occur on the blockchain,” Smith said. “There is not enough block space, and block space is no longer infinite.”
Under Smith’s forecast, automated activity would not merely add more human users to blockchains. Software agents could operate continuously and make repeated transactions without following the working hours, sleep schedules, or manual approval processes that limit human activity.
Smith did not provide a transaction estimate or a date when demand could exceed available capacity. His claim rests on AI agents gaining enough use in financial markets to create sustained onchain activity rather than occasional tests.
L1 differences may become harder to ignore As transaction demand rises, Smith expects users and financial firms to pay closer attention to differences among Avalanche, Solana and Ethereum. Network design affects transaction speed, fees, finality, privacy options and the ability to create systems for specific business needs.
“Theoretically, there are many subtle differences between these L1s,” Smith said, adding that users can overlook many of them while capacity remains readily available. Under heavier demand, he said, “these differences will become important.”
Smith identified privacy and security as areas where he believes Avalanche is suited to business applications. The view aligns with the network’s use of separate Layer 1 environments, which organizations can configure for specific operational and compliance needs.
Recent deployments provide examples of the business activity Smith described. On Sep. 14, Avalanche was selected as the underlying blockchain for the UAEPASS Digital Vault, a document service within the United Arab Emirates’ national identity platform.
UAEPASS serves 12.5 million users and connects them with more than 15,000 services offered by over 350 public and private organizations. Deca4 and Ava Labs said the vault would use cryptographic records to verify that documents had not been altered without putting their personal contents directly onchain.
Such a design separates document verification from the sensitive data contained in the file. The UAE’s Telecommunications and Digital Government Regulatory Authority oversees the service, Deca4 is handling local implementation, and Ava Labs is supplying Avalanche infrastructure and technical support.
Avalanche has also attracted financial firms working with tokenized assets. In September, Hanwha Investment & Securities completed a tokenized securities platform supporting Avalanche ahead of South Korea’s planned regulated security-token market.
According to Seoul Economic Daily, the platform is designed to manage issuance and distribution processes for tokenized securities. South Korea’s framework is scheduled to take effect in February 2027, giving financial firms a regulated route to represent qualifying securities on blockchain systems.
Round-the-clock markets would require new infrastructure Smith also expects traditional financial markets to move toward continuous weekday trading. By mid-2027, he said, markets could operate 24 hours a day for five days each week, extending access far beyond the sessions followed by most stock exchanges.
Existing financial systems would struggle to support that schedule, according to Smith, because much of the infrastructure depends on set operating hours and processes that were not designed for nonstop trading and settlement.
“New infrastructure must be created,” Smith said, adding that it would not be built using the old model “but rather built on the blockchain.”
Longer trading hours could require clearing, settlement, collateral management and risk systems to operate throughout the day. In Smith’s scenario, AI agents would add another layer of activity by making automated decisions while markets remain open across different time zones.
Avalanche’s recent institutional activity has already extended beyond test transactions. In July, the network’s distributed tokenized real-world asset value reached $2.1 billion after rising 60.47% over 30 days, according to RWA.xyz data cited in a crypto.news report on its $11 billion tokenization deal with Bridgetower.
Bridgetower said it had placed more than $11 billion in production-linked assets on Avalanche using Chainlink infrastructure. The portfolio included the Arizona Copper-Gold project, while BlackRock’s BUIDL tokenized U.S. Treasury fund had passed $900 million on Avalanche at the time.
Franklin Templeton and VanEck have also used or announced plans involving Avalanche-based products. Smith’s forecast, however, concerns a later stage in which automated systems and continuously operating markets produce recurring transaction demand rather than isolated institutional deployments.
Nasdaq listing gives U.S. investors Avalanche exposure Smith leads Avalanche Treasury Co., a U.S.-listed company that began trading on Nasdaq under the AVAT ticker in June. The listing gives American investors a way to gain exposure to the Avalanche ecosystem without directly holding AVAX.
The company reached the public market through a merger with Mountain Lake Acquisition Corp., a special-purpose acquisition company, in a transaction valued at about $675 million. At its Nasdaq debut, Avalanche Treasury held roughly 15 million AVAX, equal to about 3.5% of the token’s circulating supply at the time.
AVAT closed 38.13% lower at $1.85 in its first trading session after opening at $2.99. Trading volume reached about 497,580 shares, while the company’s market value stood near $486.37 million.
Smith said at the time that Avalanche Treasury planned to deploy capital across the network rather than operate only as a passive token holder. “It is not a bet on price,” he said, describing the business as an ecosystem investment vehicle.
The company’s structure still leaves its financial position exposed to AVAX price movements because of its token holdings. Its board and advisory group includes Ava Labs founder Emin Gün Sirer and Aave founder Stani Kulechov, while its backers include Dragonfly, ParaFi Capital, VanEck, Galaxy Digital, Pantera Capital, CoinFund, Kraken, FalconX and Borderless.
Before leading Avalanche Treasury, Smith worked at Susquehanna for nearly 14 years and held roles tied to institutional trading and digital assets. His comments at the summit connect that market background with a forecast in which continuous trading, automated financial agents, and blockchain settlement increase demand for Layer 1 capacity.
Solana v prvním závazném on-chain hlasování schválila zdvojnásobení tempa disinflace, a to o 0,334 procentního bodu nad potřebnou dvoutřetinovou hranici. Rozhodující byl i blokový hlas JitoSOL a pozdní obrat validátoru Kraken.
Solana just took the most historic step in its governance history: its first real on-chain vote, where any SOL holder — not just validators — could weigh in on the network's constitution, inflation and fees. Camila Russo sits down with Nick Almond, Head of Governance at the Jito Foundation, right as that shift collides with a new threat: Robinhood's own chain moving in on meme coins, the one corner of crypto that was always Solana's. Nick breaks down how the vote actually played out — including the disinflation proposal that was decided with eight seconds left after Kraken flipped its vote — how JitoSOL swung its entire stake pool with a 13% quorum trigger, and why he still thinks Solana's shot at attracting new apps, from tokenized stocks to meme coins, is stronger than people give it credit for. Presented by Oasis — a self-custody wallet built on a 2/3 multisig. You hold two keys, Oasis holds a recovery key, and never has unilateral access. Oasis is giving away a CryptoPunk to the first 500 new or upgraded plans through October 31: https://www.oasisvault.io/cryptopunk
🎧 Listen to Interview💻 Watch Video
How JitoSOL Swung Solana's Governance VoteJito Foundation's head of governance says a liquid-staking override mechanism decided Solana's closest on-chain vote, as validators confront an 87% revenue decline and rising competition from Robinhood Chain.
Solana's proposal to double the network's disinflation rate passed by 0.334 percentage points above the two-thirds threshold it needed, and it would have failed without a mechanism that let holders of Jito's liquid staking token vote independently of the validators holding their stake, according to Nick Almond, head of governance at the Jito Foundation.
"We got 13% of the TVL in the end and the whole JitoSOL stake pool voted during the actual on-chain vote," Almond said in an interview on The Defiant Podcast, describing roughly 10 million SOL, then worth close to $1 billion, that Jito directed toward the proposal known as SGP-0002.
The vote was one of three that closed on August 28, in the first binding governance referendum Solana validators have held since the network's constitution went live earlier that month. Solana Validators Approve Doubling Disinflation in First Governance Vote, With Kraken Reversing Late SGP-0002 doubles the rate at which Solana's annual issuance shrinks, moving the network's terminal inflation rate of 1.5% up by roughly three years, to early 2029. It passed with 67.001% of votes cast in favor, against a required 66.667% supermajority. A separate proposal to split Solana's flat transaction fee into resource and inclusion components failed to clear the same threshold and has gone back to the proposal stage, Almond said.
A mechanism built for liquid stakingJito built the override under a proposal called JIP-30, ratified last year, which lets holders of JitoSOL, the network's largest liquid staking token, signal a vote preference during a window that opens roughly three epochs before validators cast theirs. If at least 10% of JitoSOL's total value locked participates, the stake pool casts its entire holding as a single bloc, reflecting how those holders voted, rather than leaving the decision to the roughly 350 validators the pool dynamically delegates to.
"What this allows is basically any Sol holder that's staked their Sol can vote individually," Almond said, describing the broader voter-override rule that Solana's new constitution established for all stake accounts, not just JitoSOL. "For me, that really decentralizes the network out to almost the individual level."
Almond recalled the count flipping in the vote's final seconds. On-chain vote tallies show the swing came earlier: with roughly 70 minutes left before the epoch closed, the yes side was still about 58 million SOL short of the threshold, until a reversal by Kraken's validator, which flipped roughly 8.1 million SOL, combined with JitoSOL's bloc vote to push the proposal over the line.
The proposal compresses margins for staking providers, including exchanges such as Kraken, that pass through a share of Solana's inflation rewards to customers. "We're asking them to earn less money by being staking providers," Almond said. "So you can imagine the rational economic actors in the network don't necessarily want that to happen."
Fewer validators, same decentralization argumentSolana's validator count has fallen to around 700 from roughly 1,000, Almond said, a trend he attributed to rising hardware requirements as the network pushes for bigger blocks and shorter block times. He argued that measuring decentralization by validator count alone misses how concentrated stake already is on other networks. "If you actually look at it critically and look where the stake is actually living on both chains, it's almost exactly the same," Almond said of Solana and Ethereum, adding that a comparison he ran recently found the two networks' validator stake similarly distributed across data centers geographically.
The first of the three August proposals, SGP-0001, ratified the Solana Constitution that created the voting framework itself, passing with 85.97% support on 51.96% turnout of eligible stake. Solana Launches Onchain Governance With Stake-Weighted Voting for Validators It replaced an earlier, off-chain process that produced Solana's first major economic vote in 2025, SIMD-228, a proposal to cut inflation that failed after opposition from smaller validators despite backing from large stakeholders including Multicoin Capital. Solana Community Rejects SIMD-228 Proposal to Reduce Token Emissions Almond said that failed vote was one of the reasons he moved to Solana from prior DAO governance work 18 months ago.
Revenue down 87%, and Robinhood Chain closing inSolana's network revenue fell 87% year-over-year in the first half of 2026, to $141 million from $1.09 billion, as memecoin trading's share of the network's spot volume dropped to 16% from 40% over the same period, according to a report published by 21Shares. Almond attributed part of the decline to a deliberate tradeoff: Solana has roughly tripled block sizes over the past year, he said, which lowers competition for block space and reduces priority fees and Jito's own MEV tips, both major components of network revenue.
"The network intentionally is compressing its own margins," Almond said. "We're trying to build a network that can swallow 10x the demand or 50x the demand."
Solana faces a new competitor for the tokenized-equities trading it has courted: Robinhood Chain, the Arbitrum-based layer 2 that Robinhood Markets launched this year. Robinhood Chain's gas fees rose 82-fold over 11 days in early September, briefly exceeding those of Ethereum, Solana and Tron combined on a single day. Robinhood Chain Gas Fees Jump 82-Fold In 11 Days To Top Every Other Chain Almond said Robinhood built its own chain, rather than deploying on Solana, to capture sequencer revenue directly. "They get to own their rails to a degree where they can capture the rents on the chain as much as possible," he said, noting Robinhood's fees have run higher than Ethereum mainnet's despite it operating as a layer 2.
Almond said Solana's SGP-0003 fee proposal, which failed in August after developers of applications including the perpetuals exchange Phoenix warned it could raise their operating costs, is likely to return in smaller pieces. He also pointed to buyback-and-burn programs, including one Jito plans to route its own revenue lines through next year, as the more active lever protocols are using to tie token value to network activity while the fee debate continues.
SOL traded at $99.48 on Thursday, up 2.4% over 24 hours and down 1.7% over the past week, according to CoinGecko. Jito's JTO token traded at $0.4254, up 3.4% over 24 hours. Jito's total value locked stood at just over $1 billion, according to DefiLlama.
Podíl $USDC na stablecoinové nabídce Solany klesl na 44,03 % a za 6 měsíců spadl o 17,1 %. Síť mezitím přesáhla 16 miliard USD ve stablecoinech a růst táhnou nové alternativy.
$USDC's share of Solana's stablecoin supply has fallen to 44.03%, according to DefiLlama data. That represents a 17.1% decline over the past 6 months and a 45.2% drop from its 80.3% all-time high in February 2025.
The decline looks even more striking because Circle has minted approximately $1.25 billion $USDC on Solana over the past 2 days, while it has minted more than $92 billion in 2026 so far. However, redemptions have been occurring at a faster pace, meaning the recent mints have not translated into equivalent growth of $USDC supply.
$USDC still holds roughly $7 billion on the network and remains the largest individual stablecoin. The difference is that Solana's stablecoin market has expanded much faster around it.
Solana's total stablecoin supply has climbed above $16 billion, while non-$USDC/$USDT stablecoins have reached a record $5.59 billion.
Newer Stablecoins are Changing the Market The biggest change comes from the proliferation of newer institutional stablecoins. World Liberty's $USD1 has reached approximately $1.32 billion supply on Solana, while Paxos's $USDG has grown to about $612 million. Anchorage Digital's $USDGO has expanded from an initial $50 million mint to $1.37 billion in 7 months.
PayPal's $PYUSD, Western Union's $USDPT, and BlackRock's tokenized dollar product have also added new stablecoin liquidity to the network. Solana has increasingly attracted these issuers because its high-throughput infrastructure can support large-scale settlement. Several issuers have chosen Solana as an initial or early launch venue. The result looks less like $USDC losing billions of users and more like Solana adding competing dollar rails around it.
Yield Gives Alternatives An Advantage Incentives also help explain the shift. Several newer stablecoins offer rewards or yield on holdings. For example, Anchorage's $USDGO and PayPal's $PYUSD rewards programs offer daily yield to eligible holders.
$USDC, by comparison, offers essentially no native onchain yield to someone simply holding the token on Solana.
That difference can matter for institutional and DeFi users deciding which dollar asset to hold. Users may choose between stablecoins based not only on liquidity and reputation, but also on yield, issuer, regulatory framework and intended use.
Mixed Reaction to Circle’s Regulatory Stance The shift also follows the April 1 Drift exploit, which triggered criticism of Circle across parts of the Solana ecosystem. Attackers reportedly moved more than $230 million through Circle's Cross-Chain Transfer Protocol. Some ecosystem participants subsequently encouraged DeFi users to move from $USDC into other stablecoins in protest, arguing that Circle should have frozen the stolen funds.
Circle CEO Jeremy Allaire defended the company's position, saying Circle would not intercept funds without legal precedent and stating that the company had a “very, very clear performance obligation under the law.” The episode added friction to an ecosystem where Circle had long enjoyed a largely uncontested position and affected the stablecoin issuer’s brand image. $USDC’s share of the Solana stablecoin market has fallen 33% since then.
Circle now has its focus set elsewhere aside from Solana with yesterday’s mainnet launch of Arc, its own $USDC-based Layer 1 blockchain, which gives the company another settlement environment. Arc uses $USDC for transaction fees and has BlackRock, Visa, Mastercard, DTCC, and other institutions among its founding validators.
For Solana, more stablecoins bring additional institutional capital, payment networks, and developer options, but they also introduce fragmentation and counterparty risks. For now, $USDC remains the major settlement asset on Solana, but the network no longer depends on a single dollar-backed rail. If current growth continues, Solana's stablecoin market could surpass $20 billion in the near future, with an increasingly diverse mix of $USDC, $USDT, $USD1, $USDGO, $PYUSD, and other assets.
Read More on SolanaFloor Solana Leads All Chains in $ZEC Trading Volume as Onchain Supply Hits All-Time High
U.S. Bank Column Makes Solana the Default Network for Stablecoin Banking
