News linked to both this project and an event.
According to CryptoSlate, Microsoft and the cybersecurity organization Health-ISAC have obtained a U.S. court order to seize and redirect the domains supporting three services: YAM Store, CoGUI, and Iron Man. These three services sell stolen accounts and phishing tools to fraudsters. Since January this year, they have assisted in sending over 1 billion phishing messages, targeting more than 75,000 institutions across over 150 countries, generating tens of millions of dollars in revenue for operators. Microsoft has disabled more than 20,000 accounts associated with YAM Store and continues to block over 100,000 spoofing and fraudulent domains. According to Microsoft's investigation, these services accept payments in USDT (Tron network) and ETH, with Cloudflare noting that buyers can also pay using USDC. Blockchain analytics firm TRM Labs assisted investigators in locating and freezing related assets, though the frozen amount was not disclosed.
According to Metis official (@MetisL2), Metis Andromeda will implement two adjustments in October: ceasing support for Stargate on October 23, with LayerZero V1-related routes required to be disabled by that date; and starting October 30, LayerZero Labs' DVN (Decentralized Validator Network) and Executor will no longer provide services to Metis. Additionally, Stargate V1 pools will be shut down across all chains on December 15. The official statement indicates that most holders do not need to take any action. m.USDC, m.USDT, WETH, and METIS are issued via the Metis native cross-chain bridge and are unrelated to Stargate; minting and redemptions will proceed as usual, while the Ethereum ↔ Metis native cross-chain bridge remains unaffected. Users providing liquidity to Stargate pools on Metis must withdraw their positions before October 23. If staked, assets must first be unstaked, after which users can select the Metis Andromeda network in the Stargate application to withdraw.
Odaily News: Circle published an article disclosing that in the first half of 2026, USDC onchain transaction settlement volume exceeded $36 trillion, with total minting and redemption exceeding $315 billion, averaging approximately $1.7 billion per day. As of June, USDC's share of global stablecoin transaction volume rose from 60% a year earlier to approximately 77%.Circle stated that in the first half of the year, the company generated approximately $1.4 billion in revenue, of which about $819 million was used for USDC distribution partner payouts and transaction costs, accounting for 59% of total revenue; another approximately $473 million was used for infrastructure investments including licenses, banking partnerships, settlement liquidity, compliance, and product development, accounting for about 34%, with net profit representing approximately 7% of revenue.Circle noted that more than 150 partners currently participate in USDC ecosystem revenue distribution, and partners can earn reserve income shares by expanding the scale of USDC they hold. In addition, all Circle customers can redeem USDC for free through standard channels, typically with settlement completed within two business days; eligible Circle Payments Network and Circle Platform customers can also enjoy 24/7, near-instant free redemption services.
stablecoin issuer Circle plans to expand into approximately 50 emerging and developing markets to meet growing demand for digital dollar payments in Southeast Asia, Latin America, and the Middle East.USDC circulation stands at about $73.3 billion, accounting for roughly one-quarter of the stablecoin market; USDT's market share is close to 60%, higher than that of USDC.Circle's $400 million acquisition of Tazapay, the newly launched Arc blockchain, and its approval for a federal trust bank charter are expected to support its market expansion; a clearer regulatory environment is driving stablecoin adoption. (CoinDesk)
According to data monitored by on-chain analytics platform Lookonchain (@lookonchain), on the launch day of papertrade (@papertrade_xyz), an on-chain perpetual futures exchange built on Hyperliquid, one trader executed $10.1 billion in trading volume. Although his trades incurred a loss of $979,000, he was awarded 252 million PAPER tokens. He subsequently ceased trading and staked all 252 million PAPER tokens, having already claimed $1.73 million in USDC staking rewards to date. Over the past three days, he has averaged earnings of approximately $220,000 per day. After factoring in his trading losses, his current cumulative profit is approximately $762,000.
Singapore Gulf Bank (SGB) has announced support for direct conversion services between USD and USDT and USDC. Users can complete two-way conversions between the US dollar and these stablecoins within their bank accounts, with support for deposits and withdrawals to self-custody or custodial wallets. The service provides 24-hour trading support from Monday to Friday.
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.
Odaily News: Stripe has announced a partnership with Plasma to develop a multi-currency stablecoin card that supports individuals and businesses in spending directly with the currencies already held in their accounts, in order to reduce currency conversion and foreign exchange costs. Plasma will serve as a design partner and integrate into Stripe's stablecoin card infrastructure, supporting USD, Brazilian Real, Euro, Mexican Peso, and Colombian Peso, with stablecoins including USDC, OUSD, and eligible stablecoins that comply with the GENIUS Act requirements. The service currently covers more than 30 countries and plans to expand to over 100 countries by 2027. It will also support cardholders in spending from multiple account balances, with the system automatically selecting the appropriate currency at the time of purchase.
Odaily News: Security firm Hacken disclosed that a total of 107 cryptocurrency hacking incidents were recorded in Q3 2026, with total losses amounting to $1.18 billion. Of that, approximately $906 million stemmed from compromised vendors, developer tools, disclosed but undeployed fixes, and infrastructure outside audit scope, accounting for roughly 77% of quarterly losses.Quarterly losses were mainly concentrated in four incidents: crypto trading platform Bitget suffered $387 million in losses from an attack, Liquid Network lost $320 million to exploitation, Tectonic lost $120 million to exploitation, and a Coldcard firmware vulnerability caused approximately $115 million in losses. About 80% of losses were concentrated in the above incidents, while 98 incidents resulted in losses below $10 million, with a median of $670,000.Smart contract incidents were the most common attack type, involving 71 incidents and causing $228 million in losses. Q3 was the most severe quarter for losses since Q1 2025, when a $1.4 billion loss by Bybit pushed the quarterly total to $1.6 billion.Approximately $387 million of Q3 losses were returned or reversed, accounting for about 33% of gross losses. Among these, about $272 million was returned in the Liquid Network incident; the Tectonic incident reversed approximately $111.2 million in lending impact by rolling back 114 minutes of blockchain history, and Circle and Tether also froze approximately $340,000 related to funds stolen from Bitget. Operators additionally absorbed $410 million in user losses, leaving approximately $384 million still not returned or covered. (Cointelegraph)
According to an official announcement from Binance, Binance has officially launched Covered Call and Cash-Secured Put seller options strategies as the latest expansion of its TradFi product line. The Covered Call strategy allows users holding the underlying stock to sell call options and collect premium upfront; if the option is exercised, the stock is sold at the strike price. The Cash-Secured Put strategy requires users to sell put options while freezing sufficient USDC, and if assigned, they must purchase the underlying stock at the strike price. Both strategies support limit orders only, with trading hours from 9:30 AM to 4:00 PM ET, physical settlement, and execution and custody handled by Alpaca Securities LLC. Users must complete an options suitability test and sign a disclaimer before they can start trading.
Sui announced on X that 82 million Galaxy devices in the US will gain Sui support within Samsung Wallet, and USDC transfers on Sui will not require network fees.
According to CoinDesk, Nasdaq-listed fintech firm Perpetuals.com (PDC) has formally submitted notice to operate a tokenized U.S. stock trading venue under the SEC’s five-year "innovation exemption" framework. The exemption permits specific markets to trade U.S. equities on public blockchains without registering as traditional securities exchanges, provided that the tokens carry identical shareholder rights to common stock, including dividend and voting rights. Perpetuals.com is the second company to apply for this exemption, following OKX and OKXICE, a joint venture between OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. Its U.S. market will be managed by Delaware-based subsidiary Kephas Corporation, facilitating trades through AMM liquidity pools on the Ethereum-compatible layer-2 network Kronos X Public, with the initial trading pair consisting of U.S. stock tokens and USDC. CEO Patrick Gruhn previously oversaw operations at FTX Europe and contributed to the development of early stock token products at both Binance and FTX. A full launch is anticipated as early as mid-November.
Bybit co-founder and CEO Ben Zhou said in his latest semi-annual keynote speech that the company is transitioning from a crypto exchange to a more comprehensive financial platform. Following its entry into the traditional finance (TradFi) sector in 2022, Bybit officially launched stock trading on October 12. Eligible users can trade over 1,000 US stocks and ETFs through Bybit Stocks using USDC, with support for fractional shares and nearly 24-hour trading.In addition, Bybit plans to partner with Mantle to launch mStocks in November, a tokenized product pegged 1:1 to real stocks, and has already launched its IPO Express service, allowing users to participate in selected IPO opportunities at the issue price. The platform's TradFi products now cover more than 600 offerings across stocks, ETFs, indices, commodities, and forex, with cumulative trading volume of related perpetual contracts exceeding $180 billion.On the payments side, Bybit Pay and Bybit Card have connected over 5,000 merchants across more than 15 countries, with card issuance surpassing 4 million. During the same period, the company also obtained new licenses in multiple jurisdictions and launched an AI assistant to support trading and account management.
stablecoin payment platform Rain has launched an embedded stablecoin wallet that partners can integrate into their own applications, with services including bank cards, virtual accounts, rewards, fiat on-ramps and off-ramps, and global payouts. The wallet supports 12 blockchains: Arbitrum, Avalanche, Base, BNB Chain, Celo, Ethereum, Monad, Plasma, Optimism, Polygon, Solana, and ZKsync. It can hold stablecoins such as USDC and USDT as well as other crypto assets, and can be used for spending at 175 million merchant locations worldwide through bank cards issued by Rain. The non-custodial wallet is now available to Rain partners, while the custodial wallet and stablecoin balance yield features are expected to launch by the end of 2026.
According to a Business Wire report, Interactive Brokers (NASDAQ: IBKR) officially launched its cryptocurrency staking service on October 13, 2026. Eligible customers can submit Ethereum staking or unstaking requests through the staking dashboard in the IBKR client, with rewards credited as additional staked cryptocurrency and accumulating with compound interest. The staking service is powered by Zero Hash. This launch marks a significant step in IBKR's continued expansion of its cryptocurrency offerings. The platform currently supports trading in 20 digital assets, offers crypto trading commissions as low as 0.12% of the transaction amount, and supports stablecoin funding operations such as USDC, RLUSD, and PYUSD. Customers can manage both crypto assets and traditional financial products like stocks, options, and futures on a single platform.
According to reports, Bybit has announced the launch of a 20-day "Full Stocks Ahead" campaign with a total prize pool of 150,000 USDC to reward users trading US stocks and ETFs on Bybit. The event runs from today until October 31, covering its newly launched Bybit Stocks service, allowing eligible users to trade over 1,000 US stocks and ETFs via their Bybit accounts.
Odaily News: On October 8, Metis announced the launch of the Metis Rise monthly developer incentive program, rewarding teams that deploy new AI Agents on the Metis Andromeda mainnet, acquire real users, and generate real on-chain economic activity.Metis stated that while many teams can currently build Agents capable of answering questions, Agents that can get paid, prove their identity, and earn sustained transaction trust remain scarce. Metis Rise aims to support developers in exploring this direction, help developers innovate, and drive the growth of AI Agent applications within the Metis ecosystem.Metis also stated that it is building an execution and data layer for AI Agents, and that Andromeda's decentralized sequencer (DSeq) can eliminate the single point of failure that trustless transactions between Agents depend on.The program focuses on the "economic usability" of AI Agents, covering four categories of needs: payments (x402), identity (ERC-8004), stablecoin escrow (Escrow), and independently verifiable on-chain signature receipts.In terms of participation thresholds, developers need to meet the following conditions each month:- At least 15 valid monthly active users;- Each counted user must complete at least 3 qualifying transactions on Metis Andromeda, or settle an amount of no less than $2 (m.USDC, m.USDT, or METIS);- Primary user transactions, settlement volume, and Gas consumption must occur on the Metis Andromeda mainnet.The program is open to all developers, but is limited to projects newly deployed on the Andromeda mainnet. It supports any AI Agent framework and hosting method, including ClawUp, GOAT AgentKit, or self-built backends, and supports a dual-chain architecture based on GOAT Network. Metis Rise is hosted by Metis, with ClawUp, GOAT Network, and LazAI as ecosystem partners.
Odaily reports: Blockchain project Tempo has released a report stating that the U.S. Financial Accounting Standards Board (FASB) is proposing to adjust stablecoin accounting rules, allowing qualifying tokens to be classified as cash equivalents on corporate balance sheets, potentially reducing accounting barriers to corporate stablecoin adoption.Under current accounting practices, stablecoins—even when fully backed by U.S. dollars—may not qualify for inclusion in a company's reported cash reserves, thereby affecting liquidity ratios and loan covenants. The proposed rules would allow companies to use stablecoins for payments and settlements, but would require them to have direct redemption rights against the issuer.Purchasing USDC through an exchange may not necessarily qualify for cash equivalent recognition. In its 2025 annual report, Coinbase classified USDC and other payment-type stablecoins as cash equivalents, based on its redemption arrangement with Circle.The public comment period for the FASB's proposed rules will run until November 19, after which the board will review feedback and determine the final accounting changes and effective date. The proposal comes as the market size of USD stablecoins has surpassed $300 billion. (Cointelegraph)
Odaily report: New financial platform Bybit today announced the official launch of Stocks, allowing eligible users to trade over 1,000 U.S.-listed stocks and ETFs through Bybit, covering a wide range of popular U.S. equities and ETF tickers.Following the launch of Stocks, Bybit users who have completed KYC verification and are located in permitted regions can directly buy and sell supported U.S. stocks and ETFs using USDC. Unlike price derivatives or synthetic instruments, Stocks gives Bybit users access to the economic rights of a broader range of securities.Key features currently available on Stocks include:- Over 1,000 U.S. stocks and ETFs, with fractional share trading supported for eligible securities- Trading with USDC, funded directly from your Bybit account- Corporate action support, including cash dividends, stock dividends, and stock splits- 24/5 trading, covering U.S. pre-market, regular, and after-hours sessions (subject to product availability)- Zero commission on eligible stock tradesEligible users holding positions can receive the corresponding economic rights. Cash dividends will be converted from USD to USDC and deposited into the Unified Trading Account (UTA), while stock dividends will be directly reflected in users' holdings. Voting rights are planned for a later phase.Orders are routed through Bybit's regulated brokerage infrastructure and executed by U.S. self-clearing broker Alpaca, with underlying securities custodied by Alpaca. In addition to crypto spot and derivatives trading, Bybit also connects to traditional market opportunities through the MT5 platform, tokenized stocks, and TradFi perpetual contracts, and the launch of Bybit Stocks further completes Bybit's multi-asset platform layout.Bybit Stocks is offered by Infra Capital Limited (introducing broker), which is regulated by the Mauritius Financial Services Commission (GB23202169). Clearing and settlement services for U.S. securities are provided by Alpaca Securities LLC (FINRA/SIPC member). Specific terms and conditions for this product are available on the official website. Investment products carry the risk of principal loss, and users should read the Risk Disclosure Statement before investing.
According to the 21st Century Business Herald, the Chaoyang Branch of the Beijing Public Security Bureau announced that it has recently filed a case to investigate Yixin-related companies for suspected illegal and criminal activities. Currently, several suspects, including the actual controllers surnamed Tang and Zhao, have been subjected to criminal compulsory measures in accordance with the law. The report indicates that Yixin Group had previously fully suspended payouts on its quasi-fixed income products on May 22, and issued an apology letter to relevant investors on October 11. Yixin stated that the group has incurred significant losses across multiple business lines, and the market disposal value of its assets is relatively low. Initial findings suggest that the group may be facing insolvency and a substantial debt repayment shortfall.