News linked to both this project and an event.
research firm Decentralised.co (DCo) has released a report stating that the share of non-crypto asset trading volume on Hyperliquid rose from zero in September 2025 to a peak of 51% in July 2026, and stood at approximately 30% in October 2026; on October 27, such trading accounted for 40% of the platform's $7.2 billion in daily trading volume, with single stocks being the largest trading category that day.The report uses a 2029 global futures and equities market size of $934 trillion as its base, with the base-case scenario assuming crypto trading volume grows to 3 times the current level, a 3% share of the non-crypto market, a blended fee rate of 0.006%, USDC yield falling to 3.6%, and HIP-4 contributing $100 million in revenue; on this basis, it estimates that 2029 revenue will rise from $944 million to $4.91 billion, corresponding to an HYPE price of $128 at a 40x valuation, $98 at a 30x valuation, and $165 under the optimistic scenario, with the current HYPE price at approximately $77. The report states that if the non-crypto fee rate falls to CME's 0.0004%, the base valuation would drop to $66; Binance has already listed 229 TradFi perpetual contracts this year, with average daily trading volume of $13.4 billion, higher than Hyperliquid's $2.3 billion.
Circle has submitted a comment letter to the U.S. Securities and Exchange Commission regarding proposed crypto asset regulation rules, supporting the promotion of innovation under clear rules while maintaining transparency, investor protection, market integrity, liquidity, and efficiency. Circle recommends that the relevant rules be aligned with the GENIUS Act and requests clarification that payment stablecoins compliant with the Act may be used for on-chain capital formation and settlement, and that they constitute "cash" under proposed Rule 302(b), subject to the corresponding USD valuation, accounting, and customer reserve treatment. Circle also recommends reducing the broker-dealer haircut for payment stablecoins compliant with the GENIUS Act from 2% to zero, and requests that the SEC clarify that technical services provided after network operation do not constitute necessary administrative functions, while establishing a safe harbor rule for technology roadmaps.
Redotpay is preparing to confidentially submit an IPO application to the US Securities and Exchange Commission by the end of the year, targeting a valuation of at least $5 billion. The company is still in talks for a Pre-IPO funding round at a valuation of $4 billion to $5 billion. Public information shows that Redotpay currently has more than 9 million customers and annualized revenue exceeding $180 million. The company also raised $194 million in 2025, with backers including the venture capital arms of Coinbase and Circle.
the Monetary Authority of Singapore has announced the expansion of the BLOOM cross-border digital currency settlement initiative, with Bank Negara Malaysia and the Bank of Thailand joining as policy-making members. BLOOM is a public-private partnership initiative covering regulated stablecoins and tokenized deposits, with participants including Mastercard, Visa, Nium, Ripple, Circle, Coinbase, Airwallex, Maybank, Monee, Shopeepay, and the World Bank Group. The initiative will study the acceptance of different forms of currency, inter-institutional contracting, settlement, and system connectivity, and will implement identity verification and sanctions screening through programmable controls, with applications spanning payments, corporate treasury, and trade finance.
Odaily News: Spout Finance announced the completion of a $2 million strategic funding round, with participation from Draper Dragon, Anchorage, Flow Traders, Vessel Capital, Solayer, 2Square, and Bering Waters Group, among others, as well as strategic support from Solana Labs. The project's main business is providing Solana-based DeFi lending services, enabling users to borrow stablecoins such as USDC using their tokenized US stocks as collateral, without paying interest.
According to The Block, Uniform Labs, the developer of the tokenized asset settlement platform Multiliquid, has raised $8 million across pre-seed and seed rounds. Polychain led the latest seed round, with participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures. The exact allocation of the funding between the two rounds and the company's valuation have not been disclosed.
U.S. cryptocurrency trading platform Binance US is seeking to raise up to $100 million in funding at a target valuation of approximately $1 billion. This valuation represents a decline of about 78% from its $4.5 billion valuation prior to its previous funding round in 2022.Binance US raised over $200 million in 2022, with investors including Foundation Capital, RRE Ventures, Circle Ventures, and VanEck. The platform is working to rebuild its market share by reducing fees, launching new products, and expanding its U.S. business coverage.Binance US plans to expand to all 50 U.S. states and apply for a derivatives license to explore perpetual futures, prediction markets, and other financial services. The platform restored USD deposits and withdrawals via ACH transfers in February 2025, and CEO Stephen Gregory assumed office in March 2026. (Bitcoin.com News)
Odaily News: Fission has announced the completion of a $10 million Series A funding round, led by Pantera Capital, with participation from Circle Ventures, Borderless Capital, and Ari Rubenstein, among others. The round was completed in September, with the valuation undisclosed. Fission primarily provides liquidity services for tokenized funds, acting as a buyer to help investors sell their fund shares without waiting for the fund to process redemptions; after users connect their digital wallets and submit sell requests, Fission handles the relevant legal and transaction processes. CEO Jonathan Shaffer stated that for products that typically take around 200 days to sell, investors can sell immediately after paying a fee, with settlement times reduced to 90 seconds or less. Fission was founded in 2024, with a founding team that includes former employees of Point72 and Securitize. Its clients are mainly institutional investors and organizations holding on-chain assets, such as hedge funds holding tokenized private credit or equity assets, crypto institutions managing treasuries, and stablecoin issuers allocating reserves to yield-bearing tokenized investment products.
Odaily News: Venture investor Alex Lazarow wrote that over the past two years, Stripe, Mastercard, and Circle respectively acquired U.S. stablecoin infrastructure company Bridge, UK stablecoin infrastructure company BVNK, and Singapore-based cross-border payment platform Tazapay, with the three deals totaling over $3 billion in value. Stripe announced in 2024 that it would acquire Bridge for slightly more than $1 billion; Mastercard's acquisition of BVNK was valued at up to $1.8 billion, including $1.5 billion in base consideration and $300 million in contingent consideration; Circle agreed to acquire Tazapay for $400 million in stock, with the deal expected to close in 2027. Bridge, BVNK, and Tazapay were founded between 2020 and 2022 and had raised approximately $200 million in cumulative funding. Growing stablecoin adoption, an increasingly clear regulatory framework, and rising demand for real-time cross-border payments are the main factors driving the related M&A activity. In 2025, stablecoin adjusted transaction volume grew 91% year-over-year to $10.9 trillion, approaching Visa's $14.2 trillion; real-world payment volume more than doubled to approximately $390 billion.
Ostium has released an update on the design of its Phase II Loss Compensation Plan for Liquidity Providers (OLP). Designed for users with losses exceeding 1,000 USDC who did not select the Convenience Allocation, the plan offers two compensation mechanisms: Default Option A (USDC Installment Repayment): Funding sources include funds already recovered and those to be recovered in the future (distributed proportionally after deducting the Phase I portion), specific revenue shares from the Ostium protocol and Gateway income (initially set at 50% of Ostium's opening position fees), and potential partner incentives or revenue sharing. 2. Optional Option B (Ostium Labs Equity Conversion): Eligible users complying with securities regulations may, in the next priced funding round, convert a portion of their outstanding losses into Ostium Labs equity based on that round's valuation. The share class will align with that of the team, and a fully diluted cap is established for the total ownership percentage of participating users.
Odaily News: OKX Star posted that it is a great honor to have Circle, Ripple, QRT, and SC Ventures become investors in OKX. OKX did not raise funds because it lacked capital, but rather chose to bring in strategic partners who share a common long-term vision, working together on stablecoins, payments, institutional markets, and the development of next-generation financial infrastructure. Thirteen years have passed, and we are still in the early stages, with many more goals to achieve in the future.
OKX founder and CEO Star Xu confirmed via a post on X that Circle, Ripple, and Standard Chartered Bank's investment arm SC Ventures have become investors in OKX. Star Xu stated that OKX did not introduce these investors out of funding needs, but rather to collaborate with strategic partners who share its long-term vision to advance stablecoins, payments, institutional markets, and next-generation financial infrastructure. Previously, Bloomberg reported that OKX’s valuation in this financing round reached $25 billion. The company has yet to disclose the exact funding amount.
Odaily News: According to Bloomberg, cryptocurrency exchange OKX has completed a funding round at a $25 billion valuation, with Standard Chartered and Circle participating in this funding round.
According to CoinDesk, stablecoin payment infrastructure company Velocity announced the completion of an expansion round of its Series A financing, adding $10 million to bring the total round financing to $48 million, with a post-money valuation of $200 million. Investors in this expansion round include Visa Ventures, Circle Ventures, Ripple, Haun Ventures, Translink Capital, and Mirana Ventures, following the announcement of the initial Series A financing in July this year. Velocity is dedicated to providing stablecoin settlement, liquidity, and treasury management infrastructure to payment companies and banks, enabling them to integrate into blockchain payment networks without replacing existing systems. The head of Global Growth Products and Strategic Partnerships at Visa stated that stablecoins are reshaping how value flows within the Visa ecosystem, and Velocity is building the related infrastructure to drive the widespread adoption of stablecoin payments.
Axis Robotics has announced the opening of pre-registration for the AXIS token community public sale. The public sale is powered by Sonar by EchoDot and plans to sell 10 million AXIS tokens at $0.1 each, representing 1% of the total supply and a fully diluted valuation of $100 million, with a target raise of 1 million USDC. The minimum subscription per entity is $100, with a maximum of $100,000, and the participating network and settlement currency is USDC on Base. 10% of the tokens will unlock at TGE, with the remainder released according to the vesting schedule published by the project.Pre-registration is now open. The subscription window will open on September 21 at 13:00 (Singapore time) and close on September 28 at 13:00, with settlement expected around September 30. Participants must complete KYC/KYB through Sonar. U.S. persons and residents of 26 restricted jurisdictions, including the United Kingdom, mainland China, Russia, and Iran, are not eligible to participate. Axis Robotics stated that since launching on Base in March 2026, the platform has generated over 5 million data trajectories, attracted more than 200,000 contributors, and ranked among the top two DApps in the Base ecosystem. Previously, on July 27, Axis Robotics announced the completion of a $12 million seed round led by Hack VC, with participation from Nomad Capital, Pi Network Ventures, 10K Ventures, and several angel investors.
perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)
trade.xyz posted on X that it has launched Events, aiming to develop Hyperliquid into a unified trading system for trading financial assets and real-world outcomes. Users can deposit spot BTC into their unified trade.xyz account, borrow USDC through portfolio margin, open pre-IPO perpetual contract positions on SpaceX, use event markets to hedge against the upcoming SK Hynix earnings event, and pick the US Open champion. Events will cover sports, politics, economics, and financial markets; the initial Up/Down markets cover stocks, commodities, and pre-IPO assets, with liquidity provided by trade.xyz perpetual contracts on HIP-3, whose continuous price discovery mechanism serves as the source for contract settlement.
Odaily News: Bitcoin fork asset BTCB2 hit an all-time high of $1,799 on September 5. Over the past 4 hours, its price has fluctuated between 750 and 1,000 USDC; the Neoxa USDC market recorded a 24-hour trading volume of approximately $1 million.BTCB2 originated from a chain split that occurred on August 8, 2026, at block height 961,632. The network subsequently changed its proof-of-work algorithm to Blake2 and reduced block size, and it can now be mined using Blake2-compatible ASIC miners.Neoxa Exchange and Nonkyc.io have listed BTCB2, with the former offering BTC, USDC, and USDT trading pairs, and the latter offering a USDT trading pair. Both platforms have limited liquidity, and CoinMarketCap and CoinGecko have not yet listed the asset.Based on a BTCB2 price of $1,000, its fully diluted valuation stands at approximately $20.9 billion. Since UTXOs need to be split from Bitcoin first, transactions may otherwise be vulnerable to replay attacks; the network's hash rate has risen by 30.41% over the past 7 days, reaching approximately 5.1 PH/s. (Bitcoin.com News)
: AI anti-fraud company Socure announced the completion of a $156 million strategic growth funding round, valuing the company at $5.2 billion. The round was led by Summit Partners, with participation from Wells Fargo, Goldman Sachs Alternatives (under Goldman Sachs), DocuSign, and others. In addition, the company also announced the acquisition of AI startup Fravity, aiming to leverage AI agents for fraud, risk, and compliance investigations. The specific acquisition amount has not been disclosed yet. Its anti-fraud services are currently applied to companies including crypto exchange Coinbase, stablecoin issuer Circle, digital bank Revolut, and Robinhood. (Crunchbase)
: Base announced the launch of the Batches 004 accelerator program, which will select 10 startups over an 8-week program, with each receiving $100,000 in investment funded by the Base Ecosystem Fund. Applications close on September 9, and the program will hold Demo Day in New York in November. This round is aimed at pre-seed startups focused on trading, payments, funding, and AI agents, covering products that use stablecoins to support agent shopping, trading, and payments, as well as lending, e-commerce, and decentralized AI infrastructure. Teams may support multiple blockchains but must have Base as their primary network. Selected teams will receive dedicated advisors, weekly support, and exposure assistance within the Base ecosystem, and will present their projects to investors at Demo Day. Coinbase launched Agentic Wallets on Base in February and Coinbase for Agents in June, which respectively enable AI agents to hold USDC and pay via the x402 protocol, and to directly connect to user accounts. (Decrypt)