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Project Overview
Current is a decentralized finance (DeFi) protocol built on the Sui network, focused on capital-efficient lending and structured financial products. The platform features an isolated-margin architecture and one-click "Multiply" functions that automate the looping of asset positions to adjust leverage. By utilizing a combination of shared and isolated asset pools, the protocol provides risk management tools designed to prevent cross-market contagion while offering users options for collateral management and yield generation.
JPMorgan: SpaceX Compute Target at 13 Gigawatts, Target Price Raised to $500
JPMorgan estimates that the commercial value of Vera Rubin is approximately 40% higher than that of the leading GB300 system, with compute scaling and premium monetization supporting the annual recurring revenue target. The report maintains an overweight rating and raises the price target from $240 to $500, based on a 20x multiple applied to the 2028 GAAP EPS of $24.41. Current price: $147.79.
UBS: S&P 500 P/E Ratio Down 17%, Fed's Path Determines Future Market Outlook
According to Chaoxiang Research, in a research report dated September 28, 2026, UBS noted that the S&P 500's forward P/E ratio has declined 17% from its November high last year, while the 10-year US Treasury yield has increased by approximately 100 basis points year-to-date to 5.2%, placing it roughly 80 basis points above its one-year moving average. Over the past four decades, the 10-year US Treasury yield has exceeded 1.5 standard deviations only seven times. Current market pricing implies that the Federal Reserve will implement rate hikes totaling approximately 88 basis points over the next year, falling just short of the 100-basis-point threshold. UBS maintains that the Fed's path of rate hikes will determine the direction of equity markets. Historical precedent indicates that when rate hikes surpass 100 basis points within a year, the S&P 500 yields negative returns after twelve months; conversely, following moderate rate hikes, the index averages a 17.7% gain over the same period. Current pricing more closely mirrors a moderate tightening scenario. The valuation model suggests an implied upside potential of roughly 21% for the S&P 500. In terms of asset allocation, investors are advised to focus on high-growth, low-valuation sectors, including semiconductors, pharmaceuticals, refining, and diversified banks.
CZ: Bitcoin May Surpass Gold in the Next Bull Run, Current Market Cap Gap Approximately 10x
Odaily News: Binance founder Changpeng Zhao (CZ) stated at Bitcoin Asia that Bitcoin may surpass gold in the next bull market, with the current market cap gap between the two standing at approximately 10x. Ricardo Salinas Pliego estimates that if Bitcoin were to reach gold's total market cap, its price could reach approximately $1.86 million.He noted that if Bitcoin becomes a strategic reserve asset for nations, its importance could surpass that of gold; however, central banks and governments have already established systems for valuing, storing, and managing gold, and transitioning to Bitcoin will take time.Glassnode data shows that Bitcoin's 90-day correlation with gold has risen from 0.21 in March to approximately 0.57, while its correlation with the Nasdaq 100 index has fallen from 0.57 to 0.22. Other estimates indicate that its correlation with gold stands at approximately 0.59, the highest level since 2020. (Bitcoin.com News)
Morgan Stanley: Google Trades at 12% Premium, Meta at 30% Discount as Internet Giants' Valuations Polarize
According to Chaoxiang Research, a Morgan Stanley report dated August 25 noted that the internet sector declined by an average of 2% last week, with Meta down approximately 7%, Amazon down roughly 2%, and Google virtually flat. Current forward P/E ratios for 2026 stand at 19x for Amazon, 17x for Google, and 17x for Meta, reflecting discounts of 36%, a premium of 36%, and a discount of 24% relative to historical averages, respectively. On an EV/EBITDA basis, Amazon at 11.2x represents a 12% discount to its two-year average, Google at 15.1x implies an 8% premium, and Meta at 8.7x reflects a 30% discount. Morgan Stanley maintains an "Attractive" rating on the internet sector, highlighting that AI capabilities are emerging as a core variable driving valuation divergence. The sector's overall forward EV/EBITDA is 9% below the five-year average, while EV/Sales is 16% above it, underscoring a divergence between revenue and profit multiples. After reclassifying stock-based compensation as a cash expense, the adjusted EV/EBITDA for digital media rises by approximately 36% on average, e-commerce by 30%, and travel and the sharing economy by 44%. Upcoming catalysts include the launch of Google's Gemini 4, stabilization of Amazon Web Services (AWS) growth, progress in Meta's AI ad monetization, and shifts in the interest rate environment.
Grayscale releases research report: Zcash may see a revaluation opportunity in the privacy sector.
According to a Grayscale research report, as AI-driven financial monitoring capabilities continue to expand, the demand for financial privacy is experiencing a third wave of renewed interest, potentially benefiting Zcash (ZEC). The report notes that Zcash’s zero-knowledge proof-based shielded transaction technology conceals the sender, recipient, and transaction amount, establishing a differentiated positioning compared to Bitcoin’s transparent on-chain records. Current on-chain data shows that shielded transactions now account for approximately 90% of Zcash’s total network transaction volume, while shielded supply has reached around 4.2 million ZEC, representing 25% of the circulating supply, with both figures hitting all-time highs. In terms of valuation, ZEC holds a market capitalization of approximately $8 billion, accounting for only 0.6% of the total market cap within Grayscale's "Cryptocurrency Monetary Sector". If its market share increases to 5%, the theoretical valuation space would be roughly nine times the current level. The report also cautions that Zcash faces multiple risks, including regulatory compliance, legacy issues from historical trusted setups, quantum computing threats, and protocol upgrade execution challenges, requiring investors to conduct prudent assessments.
Humanoid robot company Current Robotics discloses initial funding progress, with Baidu, Hillhouse Capital, Zhiyuan, and others participating; cumulative funding reaches hundreds of millions of yuan.
According to STAR Market Daily, humanoid robotics company Current Robotics (Yuanliu) has publicly disclosed its financing progress for the first time, having completed seed, angel, and Pre-A funding rounds with a cumulative total of several hundred million RMB. Financial investors include Baidu Ventures, Hillhouse Capital, Oasis VC, Monolith Capital, Qianhai Ark, FSG Investment Management, and Junshan Capital; strategic partners include Agibot, StarSea, and JiKe Technology. The proceeds will primarily be used to advance large-scale acquisition of human full-body data, with a key focus on the research and development of core technologies such as whole-body dexterous manipulation foundation models and interactive world models.
South Korean Finance Minister Responds to Cryptocurrency Tax Controversy: Will Solicit Broad Public Feedback, Current Plan to Be Implemented Next Year
According to the current schedule, South Korea's cryptocurrency tax policy is set to officially take effect in 2027. This statement indicates that the government will further review the relevant policies, but has not explicitly indicated whether implementation will be delayed or the taxation plan adjusted.
White House Crypto Advisor: Reservations About Clarity Act Progress by Year-End, Focus on Current Regulatory Developments
Odaily News: White House crypto affairs advisor Patrick Witt and U.S. Treasury Assistant Secretary for Financial Institutions Luke Pettit stated that they hold reservations about the possibility of the Clarity Act making progress by the end of the year, with the current focus being on developments at financial regulatory agencies.The two noted that during the "lame-duck" session following the congressional elections, whether the relevant crypto bill can regain momentum will depend on the election results. (CoinDesk)
Current data does not support the claim that stablecoin rewards are causing bank deposit outflows. Coinbase Chief Policy Officer Faryar Shirzad pushes back against the American Bankers Association
Odaily News: Coinbase Chief Policy Officer Faryar Shirzad has written an article rebutting the American Bankers Association's concerns about stablecoin rewards, stating that existing data does not support the claim that stablecoin platforms paying rewards will lead to deposit outflows from community banks and weaken local credit. Current law already permits such rewards, and Coinbase has been paying rewards to USDC users for over four years. Faryar Shirzad noted that from June 2019 to March 2026, community bank deposits grew by 26%, an increase of approximately $482 billion; research by Charles River Associates and the Council of Economic Advisers similarly found no significant relationship between stablecoins and bank deposits. The modification the American Bankers Association is requesting does not concern technical details in the CLARITY Act. The current text prohibits users from receiving returns solely for holding idle funds, but allows rewards for genuine activity; the amendment proposed by the American Bankers Association could expand restrictions to ordinary stablecoin use cases, and leave questions such as whether merchant rebates constitute bank interest to be decided by regulators and litigation. Faryar Shirzad calls for maintaining the existing compromise and passing the CLARITY Act, stating that the bill would grant banks new authorities in custody, staking, lending, payments, clearing, and market making.
Grayscale releases research report: Zcash may see a revaluation opportunity in the privacy sector.
According to a Grayscale research report, as AI-driven financial monitoring capabilities continue to expand, the demand for financial privacy is experiencing a third wave of renewed interest, potentially benefiting Zcash (ZEC). The report notes that Zcash’s zero-knowledge proof-based shielded transaction technology conceals the sender, recipient, and transaction amount, establishing a differentiated positioning compared to Bitcoin’s transparent on-chain records. Current on-chain data shows that shielded transactions now account for approximately 90% of Zcash’s total network transaction volume, while shielded supply has reached around 4.2 million ZEC, representing 25% of the circulating supply, with both figures hitting all-time highs. In terms of valuation, ZEC holds a market capitalization of approximately $8 billion, accounting for only 0.6% of the total market cap within Grayscale's "Cryptocurrency Monetary Sector". If its market share increases to 5%, the theoretical valuation space would be roughly nine times the current level. The report also cautions that Zcash faces multiple risks, including regulatory compliance, legacy issues from historical trusted setups, quantum computing threats, and protocol upgrade execution challenges, requiring investors to conduct prudent assessments.
Vitalik: Ethereum's Current Roadmap Adds New Directions Including Strong Privacy, Post-Quantum Scalability, and Native Rollups
Odaily News: Vitalik posted on X platform, stating that he has updated the 2023 roadmap diagram, overlaying the items listed at that time onto their corresponding positions in the current Strawmap. Overall, there is significant overlap between the two, but the order of some items has been rearranged—for example, quantum security has been prioritized higher; some items have been deprioritized, such as VDF and many EVM improvements; and some items have been replaced by better constructions, such as Verkle evolving into unified BT and then PBT, with state expiration being replaced by new state types. However, the most notable change is that the Strawmap includes some entirely new additions not present in the diagram, as these were not in the 2023 roadmap, reflecting shifts in priorities. The main additions include: - Giving first-class priority to strong privacy, including keyed Nonces and recent roots, parts of FOCIL, lean privacy pools, and Wormholes; - Advancing scalability around post-quantum scenarios, including leanSPHINCS signatures and aggregation, and zkzk frames; - Pushing forward the Lean specification to assist formal verification. Full formal verification of everything is now feasible thanks to modern AI; - Blob and Gas futures, a concept that did not exist in 2023; - Native Rollups—back in 2023, SNARKs were far from mature enough to consider this direction; - Opening up a more expansive design space for "the future of EVM." zkzk frames already imply that the protocol will offer users a non-EVM ISA, with the main current candidates being leanISA and RISC-V. These ISAs are simpler, more modern, and more efficient than the EVM. Once introduced, they can be opened up to all developers, transforming the EVM into an intermediate representation (IR) built on top of these ISAs, rather than a built-in feature that significantly increases base protocol complexity. However, deeper exploration in this area is still premature even for the Strawmap; - New state types are not just a replacement for state expiration, but a fundamentally different paradigm for how Ethereum scales. He noted that a common theme across the scalability space is reflected in two new ideas—state types and zkzk frames: rather than trying to maximize the extension of all Ethereum activity, it is better to create specialized mechanisms with restrictive properties that are therefore better suited for scalability, while carrying the heaviest load from current and future users and applications, such as token transfers, swaps, and privacy protocols. Another common theme is treating STARKs and AI-accelerated formal verification as first-class objects, and building Ethereum's technological future upon them. Recursive STARKs appear at multiple layers of the protocol, and one specific primitive, "aggregate to union verified dependencies," is expected to be used in three locations in the protocol: the execution layer, consensus layer, and data layer. Its safety can only be ensured thr
U.S. Senate Digital Assets Subcommittee Chair: Senate to Vote on CLARITY Act Before August Recess
Odaily News: U.S. Senate Digital Assets Subcommittee Chair Cynthia Lummis stated that the Senate will hold a vote on the CLARITY Act before lawmakers begin their August recess. The bill aims to divide federal crypto regulatory responsibilities and covers ethics, enforcement, consumer protection, and market certainty. Lummis said negotiations around the bill have been ongoing for 11 months, with Democrats proposing more than 300 pages of amendments. Current negotiations still involve sections related to the Commodity Futures Trading Commission (CFTC), enforcement provisions, and ethics rules for senior federal officials. On August 5, Democratic staff on the Senate Banking Committee listed five unresolved areas, including securities protection, illicit finance, national security, and presidential conflicts of interest. Donald Trump has received a bipartisan counter-proposal that would allow state attorneys general to enforce federal crypto ethics rules. Under the CLARITY Act, the CFTC and the U.S. Securities and Exchange Commission (SEC) would share regulatory oversight, establishing distinct pathways for qualifying digital commodities and securities. CFTC Chairman Michael S. Selig and SEC Chairman Paul Atkins both support advancing clearer digital asset regulatory legislation.
Analyst: Bitcoin Long-Term Holders Have Been Reducing Positions for 7 Consecutive Weeks, Market Still Absorbing Selling Pressure
Odaily News - Crypto analyst Axel Adler posted that Bitcoin long-term holders (LTHs) have reduced their holdings for the 7th consecutive week, but this has not yet hindered BTC price appreciation, as the market is still absorbing the supply released by long-term holders.Data shows that the long-term holder position change indicator remained positive from February to early August this year, with long-term holders accumulating approximately 1.2 million BTC in May. The indicator turned negative on August 17 and has been in a state of reduction for 7 consecutive weeks. As of September 28, the long-term holder position change showed a decrease of 73,400 BTC, expanding from a decrease of 1,100 BTC a week earlier.Axel Adler noted that compared to the approximately 1.07 million BTC reduced by long-term holders in November 2025, the current scale of reduction remains relatively limited. If long-term holders' reductions reach hundreds of thousands of BTC again in the future while BTC price stops rising, it may signal that the market's capacity to absorb supply is declining.Additionally, the long-term holder SOPR indicator has now been above 1 for the second consecutive week, indicating that long-term holders are taking profits. On September 21, the indicator rose to 1.24, the highest level since January this year; as of September 28, LTH SOPR stood at 1.18, meaning that BTC being moved has realized approximately 18% in realized profit relative to its cost basis. Current data shows that long-term holders are gradually exiting with profits as BTC price rises, while new demand is still able to absorb the supply released by the market.
Analysts: Altcoin deposit volumes hit a new high since the October 2025 peak, with 87% of altcoins breaking above their 200-day moving averages.
Analysts note that such market dynamics have historically been difficult to sustain. Current signals suggest the altcoin market is entering a more critical phase, warranting caution against local top risks.
Analysis: Current stock and Meme coin narratives depend on trading volume and transaction fees to function
Odaily News: DeFi researcher Ignas posted on X platform stating that current stock and Meme coin narratives essentially depend on trading volume and transaction fees to function. If trading volume dries up, rewards and buybacks will also disappear, thereby weakening token-holding incentives and ultimately leading to sell-offs.He cited examples: STONK, PONS, and CASHCAT all use platform fees for token buybacks or burns; INDEX uses transaction fees to purchase tokenized stocks; ZCAT funds ZEC rewards through transaction taxes. Additionally, SHROOM reinvests fees generated by the LP network back into liquidity.Ignas used Coinbase's previous cycle as an example, noting that its quarterly trading volume dropped from $547 billion in Q4 2021 to $145 billion a year later, a decline of approximately 74%, and pointed out that Meme coin trading volume could see an even more pronounced drop after the hype fades. Therefore, directly extrapolating these projects' annual revenue or yield rates based on current high trading volume and fee levels may overestimate their sustainability.
BonkGuy: Current conviction in USELESS is even stronger than BONK previously, last year's $4 million to $450 million rise was just a "test run"
Odaily News Crypto trader BonkGuy says USELESS is currently his top pick, and his conviction in USELESS now exceeds even his conviction when trading BONK at low levels in 2023.BonkGuy noted that he previously generated substantial returns through Meme coins such as BONK, WIF, Fartcoin, POPCAT, and PNUT — including turning $16,000 into over $20 million through a 6x leveraged BONK position, and growing a $6,000 WIF position to roughly $1.4 million. However, he also stated that these gains were largely wiped out during the "10/10" market conditions.Regarding USELESS, BonkGuy believes its market cap rising from approximately $4 million to $450 million last year was only a "test run," especially given it was not a bull market environment at the time. He anticipates that if USELESS experiences its first full bull market cycle, the price could see a much more significant surge.
Current unrealized loss of $5.27 billion: Bitmine holds 5.8476 million ETH
Odaily News: According to on-chain analyst Ai Yi's monitoring, new address 0xAef…Dc00B purchased 20,000 ETH within 50 minutes, worth $48.89 million, possibly an operation by Bitmine. Bitmine holds a total of 5.8476 million ETH, approximately $14.4 billion, excluding this suspected operation. With a cost basis of approximately $3,359, the current unrealized loss stands at $5.27 billion.
Solana Company HSDT Supports Solana Constitution, Opposes Current Adjustments to Inflation and Fees
Odaily News: Solana Company (HSDT) has announced its voting stance on the first three Solana Governance Proposals (SGP): supporting the passage of SGP-0001 "Solana Constitution," opposing SGP-0002, which would double the rate of inflation reduction, and opposing SGP-0003, which would change transaction fees from fixed to floating. On-chain voting is expected to begin on August 22.Solana Company stated that it supports the Solana Constitution because the new governance system allows every staker to vote directly, and token holders can always override the votes of the operators they delegate to, which helps institutions participate in network decision-making. Regarding the other two proposals, the company noted that it opposes their current timing, not the direction of the adjustments. The company stated that at a time when institutions are considering entering Solana, they place greater importance on rule stability and predictability. Adjusting core economic parameters such as inflation rates and fees at this stage could make institutions still on the sidelines more hesitant. The company said it would support revisiting discussions on reducing inflation once SOL sees sustained net capital inflows, and would also be willing to reconsider switching to floating fees once the ecosystem has fully adapted. (WSJ)
G7 urges immediate migration to post-quantum cryptography; Bitcoin, Ethereum, and Solana developers have tested defense solutions
: The G7 cybersecurity working group stated in its latest report that quantum computing poses both a security threat and an economic threat to public and private institutions, and related organizations should immediately begin migrating to post-quantum cryptography (PQC).The working group noted that the migration process could take several years, as attackers can already collect and store encrypted data today and decrypt it once sufficiently powerful quantum computers emerge. Quantum computing could also break digital signatures, leading to identity theft and exposing companies and their supply chains.The report did not mention cryptocurrencies, but similar public-key cryptography is used for blockchain wallets and transaction authorization. Current quantum computers are not yet capable of breaking Bitcoin's cryptography, but developers are considering post-quantum solutions such as BIP-360.Ethereum researchers plan to replace multiple cryptographic components used by accounts, validators, and applications. The Solana Foundation has tested post-quantum signatures on its testnet and launched an optional hash-based vault. The G7 working group also urged governments to support related research, public-private cooperation, and national PQC strategies. (Decrypt)
Avici: Solana Card Contract Vulnerability Affects Approximately $500,900 in Card Balances; Affected Users Will Receive Full Refunds
Avici stated that its card-issuing partner, Rain, discovered a vulnerability in a specific version of the Solana card contract used by Avici and a few other projects. The relevant contracts have since been upgraded, and no further unauthorized activity has been detected to date. Avici clarified that user wallets and card balances are independent, meaning funds in Solana and EVM wallets remain unaffected; this incident only impacted the isolated Solana contract designated for storing card balances. Current reconciliations indicate that 1,685 users were affected, involving card balances totaling $500,859.22. All affected users will receive full refunds.
BitMart Founder: Chinese Official Account Has Been Hacked, Related Content Was Not Published by Current Employees
BitMart founder Sheldon stated that, after verification, the official BitMart Chinese account has been hacked, and the relevant content was not published by current employees.
Anthropic AI Model Weakens HAWK Minimum Key Strength in 60 Hours
: Anthropic's Claude Mythos Preview model discovered a flaw in the proposed HAWK digital signature scheme, effectively halving its minimum key strength. HAWK is one of the candidate schemes to replace current network and bank signatures in a post-quantum environment. This AI-driven attack took approximately 60 hours, with a computational cost of around $100,000, reducing the effort required to break HAWK's minimum parameter set from roughly 2^64 operations to 2^38 operations, and diminishing the attractiveness of larger compensating key sizes. Current Bitcoin and Ethereum signatures remain unaffected. The results indicate that the capabilities of classical cryptanalysis attacks are improving, while Bitcoin and other networks continue to discuss when and how to migrate to quantum-resistant cryptography.
Lumi Finance Suspected to Be Attacked, Current Losses Approximately $270,000
According to Blockaid monitoring, the Lumi Finance protocol on Arbitrum is under attack, and approximately $270,000 in funds have been transferred out so far.
Thetanuts Responds to Security Incident: Affected Vault Is an Abandoned Contract Unrelated to Current Products
DeFi structured protocol Thetanuts Finance issued a statement responding to a security incident involving one of its Vaults. According to preliminary findings, the affected Vault was an outdated contract version deprecated and fully migrated years ago, and bears no relation to any currently active contracts or products. Further investigation into the details is ongoing, and a comprehensive post-mortem report will be published once additional information becomes available. Earlier reports indicated that Thetanuts Finance may have suffered a hack, with estimated losses totaling approximately $2.1 million.
Bitget PoolX Launches ETH Lockup Event with Current Yield at 37.11% APR
Bitget PoolX has launched an ETH lockup event, allowing users to lock ETH to share a 500,000 USDT prize pool. As of press time, the current ETH lockup pool yield stands at 37.11% APR. The individual lockup cap is 1,500 ETH, and the lockup channel will be open from September 29, 15:00 to October 5, 15:00 (UTC+8).
Barcelona's support rate reaches 92%, Gate Event Market Points Program Season 5 total prize pool hits 41,543 USDT
According to official sources, the sixth round of La Liga will feature a highly anticipated matchup. On September 17 at 03:30 (UTC+8), Barcelona will face off against Racing Santander. Current Gate Event Market data shows Barcelona's support rate at 92%, Racing Santander's support rate at 3%, and the draw support rate at 5%. Users can view the relevant match on the Gate Event dedicated page and participate in event trading.The Gate Event Points Program Season 5 is currently underway, with the total prize pool having reached 41,543 USDT, of which the points prize pool is 13,104 USDT and the lucky grand prize pool is 28,439 USDT. As of now, the Top 1 on the leaderboard is estimated to receive 4,914 USDT. As the campaign continues, users can participate in related activities to compete for this season's points rewards and lucky grand prizes.In addition, Gate's "Event Market Mid-Autumn Festival Giveaway" campaign is now live and will run until September 28 at 18:00 (UTC+8). During the campaign, new users who complete their first event trade with an amount ≥20 USDT will be compensated 1:1 for actual losses if any occur, up to a maximum of 20 USDT per person; all users who complete a daily valid trading volume ≥200 USDT can participate in the trading check-in, and cumulative check-ins allow users to share 28,000 USDT, while VIP users can also participate in sharing a dedicated prize pool of 10,000 USDT. Meanwhile, participating in event market trading earns users Event Points scratch cards with a 100% win rate, and a chance to win the 88,888 PTS super lucky prize.
G7 urges immediate migration to post-quantum cryptography; Bitcoin, Ethereum, and Solana developers have tested defense solutions
: The G7 cybersecurity working group stated in its latest report that quantum computing poses both a security threat and an economic threat to public and private institutions, and related organizations should immediately begin migrating to post-quantum cryptography (PQC).The working group noted that the migration process could take several years, as attackers can already collect and store encrypted data today and decrypt it once sufficiently powerful quantum computers emerge. Quantum computing could also break digital signatures, leading to identity theft and exposing companies and their supply chains.The report did not mention cryptocurrencies, but similar public-key cryptography is used for blockchain wallets and transaction authorization. Current quantum computers are not yet capable of breaking Bitcoin's cryptography, but developers are considering post-quantum solutions such as BIP-360.Ethereum researchers plan to replace multiple cryptographic components used by accounts, validators, and applications. The Solana Foundation has tested post-quantum signatures on its testnet and launched an optional hash-based vault. The G7 working group also urged governments to support related research, public-private cooperation, and national PQC strategies. (Decrypt)
Ondo: Current US Securities Laws Can Support Domestic Operations of Single-Stock Perpetual Futures
Odaily Odaily News: Tokenized real-world asset management firm Ondo Finance stated that existing U.S. securities laws can support perpetual futures tied to individual stocks without the need for new rules, applying the current securities and futures framework.On August 24, Ondo Finance submitted three comment letters to the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), recommending the introduction of related products within the United States while incorporating modern margin mechanisms and on-chain market data.Its Panamanian subsidiary has already been offering stablecoin-settled perpetual futures on U.S.-listed stocks outside the United States. As of August 14, the platform, which launched approximately six weeks ago, has accumulated a trading volume of $8 billion. Ondo Finance manages and distributes approximately $2.6 billion in tokenized real-world assets, ranking fourth in the sector. (Cointelegraph)
PBOC Vice Governor Lu Lei: Agent Payment Responsibility Boundaries Must Not Be Blurred; Self-Discipline Convention to Be Issued
According to Mobile Payment Network, Lu Lei, Member of the Party Committee and Vice Governor of the People's Bank of China, stated at the 15th China Payment and Clearing Forum that agent payment must not blur the responsibility boundaries among consumers, participating institutions, and algorithmic systems. Lu Lei noted that payment is essentially a transfer of fund ownership rights, which objectively requires predictable transaction outcomes, clearly defined responsibilities, and traceable records. Large models and autonomous agents exhibit characteristics such as output randomness and opaque logic. Blindly or excessively granting transaction decision-making authority to agents could undermine the trust foundation for fund transactions. Current payment industry governance rules and dispute resolution mechanisms are built around the concept of "humans as the ultimate transaction decision-makers." The emerging model in which agents automatically initiate and assist with transactions easily blurs responsibility boundaries, necessitating the optimization and enhancement of existing governance frameworks.
Avici: Solana Card Contract Vulnerability Affects Approximately $500,900 in Card Balances; Affected Users Will Receive Full Refunds
Avici stated that its card-issuing partner, Rain, discovered a vulnerability in a specific version of the Solana card contract used by Avici and a few other projects. The relevant contracts have since been upgraded, and no further unauthorized activity has been detected to date. Avici clarified that user wallets and card balances are independent, meaning funds in Solana and EVM wallets remain unaffected; this incident only impacted the isolated Solana contract designated for storing card balances. Current reconciliations indicate that 1,685 users were affected, involving card balances totaling $500,859.22. All affected users will receive full refunds.
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LlamaRisk Proposes Cutting Borrowing Caps Before Aave Resumes, Plans to Remove ~$3.7 Billion in Unused V3 Limits
According to The Defiant, risk management firm LlamaRisk has proposed lowering borrowing limits ahead of the Aave market's reopening. The proposal aims to remove approximately $3.7 billion in unused borrowing capacity on Aave V3 and about $130 million on V4. Current freeze measures remain in effect, continuing to block new loans.
SparkLend USDT utilization rate remains around 96%, with available liquidity of approximately $11.95 million.
According to The Defiant, as of October 29, the SparkLend Ethereum USDT market has approximately 11.95 million USDT available for withdrawal, with a liquidity utilization rate of around 96.29%. Current supply-side deposits stand at approximately 322 million USDT, while outstanding loans total about 310 million USDT.
Current holdings value reaches $76.14 million, Chainlink Reserve acquires an additional 88,400 LINK on October 22
Odaily reports: According to Onchain Lens monitoring, Chainlink Reserve purchased and received 88,400 LINK on October 22, worth $1.06 million. Over the past 30 days, it has accumulated 422,900 LINK, worth $5.37 million; cumulative acquisitions total 6.38 million LINK, worth $71.83 million; current holdings stand at 6.38 million LINK, worth $76.14 million.
JPMorgan: SpaceX Compute Target at 13 Gigawatts, Target Price Raised to $500
JPMorgan estimates that the commercial value of Vera Rubin is approximately 40% higher than that of the leading GB300 system, with compute scaling and premium monetization supporting the annual recurring revenue target. The report maintains an overweight rating and raises the price target from $240 to $500, based on a 20x multiple applied to the 2028 GAAP EPS of $24.41. Current price: $147.79.
Helius CEO Mert Mumtaz Joins NEAR Foundation Board
According to The Block, Mert Mumtaz, CEO of Helius, a Solana infrastructure company, has officially joined the NEAR Foundation Council to assist in guiding product strategy, ecosystem growth, and governance. Current council members include NEAR co-founder Illia Polosukhin, Anchorage Digital co-founder Diogo Mónica, and others. Mumtaz was previously an early user of NEAR Intents, which he once referred to as a "marketplace of markets."
South Korean Finance Minister Responds to Cryptocurrency Tax Controversy: Will Solicit Broad Public Feedback, Current Plan to Be Implemented Next Year
According to the current schedule, South Korea's cryptocurrency tax policy is set to officially take effect in 2027. This statement indicates that the government will further review the relevant policies, but has not explicitly indicated whether implementation will be delayed or the taxation plan adjusted.