News linked to both this project and an event.
Regarding the attack details, Teng stated that the incident was not carried out by a single individual and involved sophisticated techniques. Initial investigations pointed to a compromised laptop, with subsequent inquiries revealing additional points of entry. The attackers deployed a self-destruct mechanism to eliminate tools and traces during the attack, complicating tracking efforts. They also exploited the known EIP-7702 protocol to secure on-chain execution authorization for a hot wallet, bypassing Binance's standard approval controls. Consequently, Binance suspended withdrawal services to investigate, rebuild, and thoroughly retest its entire infrastructure.
According to Cointelegraph, Robinhood CEO Vlad Tenev stated during the third-quarter earnings call that the U.S. Securities and Exchange Commission's (SEC) tokenization innovation exemption is a positive development, but further rulemaking or legislation is still needed to provide long-term regulatory certainty for tokenized stock markets, otherwise it could hinder the entry of large-scale assets.
According to Decrypt, NIP Group, the parent company of the esports organization Ninjas in Pyjamas, has acquired its third batch of Bitcoin mining machines through the issuance of over 247 million Class A ordinary shares as consideration. Following the transaction, the company’s total hash rate will reach approximately 13.85 EH/s, with expected monthly production of around 195 BTC. Valued at current market prices, this amounts to roughly $2.8 million, representing an increase of 35 coins over the previous monthly target of 160. CEO Hicham Chahine stated that the company strategically timed its entry into mining during a market cooldown, adding that the initiative has cleared a comprehensive internal review focused on boosting profit margins and achieving profitability. He further noted that should the AI and high-performance computing divisions continue to deliver superior returns compared to mining, the company may redirect a portion of its computing capacity toward AI infrastructure.
Onchain Lens posted on X questioning CoinDCX's so-called hack incident, stating that CoinDCX may have undisclosed fund anomalies—user deposits had flowed into a wallet that was not included in the relevant fund accounting, after which nearly equivalent funds were transferred out; some funds were also moved through less common cross-chain bridge entry points and services, indicating abnormal pathways.Onchain Lens further pointed out that some funds suspected to be related to CoinDCX hot wallets flowed through over-the-counter (OTC) services and mixing platforms, and questioned that the CoinDCX team still denied the occurrence of a security incident even after multiple researchers and on-chain investigators presented relevant evidence.
According to information released by DTCC regarding its tokenization service, the platform will initially support 25 categories of tokenizable securities, backed by DTC-custodied securities worth approximately $30 trillion. Tokens maintain a strict 1:1 peg with their underlying securities, utilize the same CUSIP identifiers, and carry identical rights and investor protections as traditional book-entry instruments, with the official ledger remaining under DTC custody. Peer-to-peer transfers between DTC-registered wallets operate 24/7, subject to built-in compliance restrictions on token transfers. Participants may submit conversion orders via the UI and API during Eastern Time business hours from 2:00 AM to 6:00 PM, with a target processing window of under 15 minutes. U.S. Treasury coupon distributions and maturity redemptions will be processed on-chain, with fiat proceeds disbursed directly to participants’ traditional banking accounts. The inaugural asset lineup comprises Russell 1000 constituents (initiating with select large-cap equities), select ETFs, and U.S. Treasuries. Initial network integrations feature Canton Network (CIP-56) and DTCC’s private Besu network (ERC-20), with Stellar (SEP-41) and Circle’s Arc (ERC-20) targeted for 2027 deployment. The extended roadmap encompasses broadening the universe of tokenizable securities, deploying governance controls such as single sign-on and maker-checker approvals, scaling corporate action capabilities for equities and ETFs, merging book-entry and on-chain position records, and enabling on-chain netting, collateral management, and number
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 issuer Circle is currently recruiting for the "Senior Director, Ecosystem Growth, South Korea" role in South Korea, responsible for developing market entry strategies, tracking regulatory developments, and establishing partnerships with domestic financial and digital asset industry players. The position requires candidates to possess over 13 years of business development experience, familiarity with stablecoins, DeFi, and institutional finance flows, as well as fluency in both Korean and English. Circle has previously indicated that its South Korea strategy does not involve directly issuing a KRW stablecoin, but instead focuses on partnering with local KRW stablecoin issuers to provide infrastructure linking to USD stablecoins.
Kraken joined X's U.S. Cashtag partner program on September 16. After users click on ticker tags such as BTC on X, in addition to viewing related posts and price charts, they can also follow a trading link to jump to the Kraken app or website, where they can log in or sign up to complete a purchase, with the transaction still executed on Kraken's side. A 2024 experiment by the UK Financial Conduct Authority involving more than 9,000 consumers showed that push notifications increased trading volume by 11%, while points and sweepstakes increased trading volume by 12%.
According to on-chain analyst Ai Yi, a new address opened its first position of 1 million UNI five hours ago at an entry price of $9.05. Driven by the Robinhood meme market trend and the SEC's new rules on compliant on-chain U.S. stock trading, UNI has risen 145% over the past month.
According to Bloomberg, Deutsche Bank has announced the launch of digital asset custody services, enabling institutional and corporate clients to securely hold and transfer Bitcoin, Ethereum, and selected stablecoins. The service is expected to officially go live later this year, pending regulatory approval. This marks Deutsche Bank's first large-scale entry into the digital asset sector, with future plans to further expand the range of supported assets, which could include tokenized financial instruments.
Odaily News: Citrini analyst Jukan shared a research report from Tianfeng Securities and stated that the US government needs to maintain its leading position in AI, so once it enters the AI race, it is very difficult to truly stop. Jukan believes that recent calls by Anthropic and OpenAI to slow down AI development cannot be viewed merely as safety initiatives; behind them may simultaneously lie multiple considerations, including the inability to slow the competition and the desire to entrench leading advantages through safety regulation.Jukan further pointed out that the relevant "AI slowdown" calls ostensibly stem from safety testing, operational monitoring, and third-party verification being unable to keep pace with model iteration speed, which in the short term may suppress market sentiment in the AI sector and lower market expectations for next-generation models. Another possibility is that the industry remains bullish on AI in the long term but wants to postpone the next round of large-scale R&D investment, prioritize commercializing existing products, and reduce pressure on infrastructure and capital expenditure. He believes the AI race is essentially akin to a "prisoner's dilemma" — all parties want to slow down, but none dares to be the first to stop, lest they lose their technological, customer, and financing advantages.Jukan also noted that Anthropic and OpenAI's recent emphasis on recursive self-improvement (RSI) is related to AI having already begun assisting in the development of next-generation AI, accelerating model iteration speed. Meanwhile, in OpenAI's internal testing, incidents reportedly occurred in which Agents collaborated to escape the sandbox and intrude into Hugging Face production servers. Jukan believes that as model releases require bearing expensive evaluation, certification, and continuous auditing costs, large labs are better positioned to absorb these fixed costs, while smaller teams may face higher barriers to entry as a result. If leading labs further participate in setting evaluation standards, industry barriers may continue to rise.
Odaily News – U.S. President Trump stated that his administration is pushing the decentralized perpetual contract trading platform Hyperliquid to enter the U.S. market in a "fully compliant and legal manner." Last month, Trump said the U.S. Commodity Futures Trading Commission (CFTC) would work to facilitate Hyperliquid's entry into the U.S. market. Subsequently, Payward, the parent company of Kraken, announced it is cooperating with the CFTC to offer registered U.S. users certain crypto perpetual contract products related to Hyperliquid's market and its underlying Layer 1 blockchain through the CFTC-regulated platform Bitnomial.Nansen research analyst Nicolai Sondergaard believes this arrangement could allow Hyperliquid to provide some of its underlying technology, liquidity, or market design without directly opening its existing platform to U.S. users—essentially building a standalone U.S. market product around Hyperliquid's infrastructure. He noted that U.S. users may have access to fewer markets, lower leverage, and more conservative risk controls. At the same time, he opposes comprehensive KYC implementation, arguing that a one-size-fits-all KYC approach would undermine legitimate users' privacy and permissionless access rights, and would push liquidity toward offshore markets.
Odaily News: According to market sources, Hyperliquid is in discussions with Kraken's parent company about entering the U.S. market.
Odaily News - At the 2026 Wyoming Blockchain Symposium, CZ stated that Trump had previously mentioned Hyperliquid, and that CFTC Chairman Mike Selig would look for a path to bring the platform into the U.S. market. CZ believes that if Hyperliquid can operate in the U.S. in a compliant manner, it will open the door for perpetual contracts and more decentralized services to enter the U.S., serving as a major positive for the entire crypto industry. CZ noted that because of his stake in Binance, outsiders tend to view him as a supporter of centralized exchanges, but his fundamental reason for entering the crypto industry is his belief in decentralization. Some users choose Hyperliquid because the platform allows them to use it via wallet without requiring a traditional account or KYC process. CZ said that Hyperliquid's entry into the U.S. will not only benefit itself—more decentralized products and companies in its portfolio will also benefit—and it will bring more liquidity to international centralized exchanges, giving U.S. users more competitive prices when buying and selling crypto assets. At this stage, the crypto market is far from saturated, and competition between platforms is not the primary issue.
According to the comment letter released by the Hyperliquid Policy Center (HPC), it calls on the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a harmonized regulatory framework for perpetual contracts. The HPC asserts that while perpetual contracts lack fixed expiration dates, they exhibit traditional futures characteristics such as standardization, fungibility, the ability to be offset, and price convergence driven by funding rates; accordingly, cash-settled stock perpetual contracts possessing these traits should be allowed to be listed as "security futures." The HPC recommends that both agencies standardize classification criteria across different underlying perpetual contracts, retain exchanges' flexibility in product listing decisions, and modernize the security futures framework. It noted that clear regulatory guidance would help lower market entry barriers, foster exchange competition, and bring perpetual contract trading back to the U.S. market.
Odaily News: Zach Pandl, Head of Research at digital asset management firm Grayscale, stated that Bitcoin's structural adoption trend continues, the current bear market has entered a deeper stage, and the macro outlook is generally favorable. These three factors may provide a basis for long-term investors to enter, though prices could still decline.Grayscale noted that Bitcoin's adoption growth is primarily driven by government deficits, the expanding application of blockchain technology in the financial services sector, and generational shifts in investor asset allocation. The current bear market has lasted 10 months, approaching the average and median duration of 11 to 12 months observed across the previous four cyclical bear markets.Macro risks mainly depend on real interest rates and Federal Reserve policy. The Federal Open Market Committee held the federal funds rate at 3.5% to 3.75% in July, and future rate hikes could push Bitcoin lower. Bitcoin briefly rose to $79,461 on August 21 before pulling back to around $77,000. (Bitcoin.com News)
Odaily News: Cantor Fitzgerald has announced that it will open access to the prediction market platform Kalshi for institutional investors, providing event contract trading services to its approximately 3,000 institutional clients, including family offices and hedge funds.According to The Wall Street Journal, Cantor Fitzgerald will act as a broker arranging block trades for institutional clients, enabling them to participate in "yes/no" contract trading based on real-world event outcomes offered by Kalshi. The trading instruments cover multiple areas, including weather forecasts, commodity price trends, and corporate performance.This partnership marks the further entry of traditional financial institutions into the prediction market space. Kalshi is an event trading platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), where users can bet via contracts on whether specific events will occur, such as economic data releases, policy changes, weather conditions, and business events.In recent years, prediction markets have drawn attention from investors, with proponents arguing that they can reflect collective expectations through market prices and provide risk hedging tools for businesses and investment institutions. However, regulators and some market participants have also continued to scrutinize the boundary between these markets and gambling. (WSJ)
Odaily News In a recent interview on Cointelegraph's program Chain Reaction, Lucas Sum, Head of Stock Market Development at Gate, stated that crypto and stocks are quietly converging and increasingly becoming part of the same macro trade. He pointed out that the correlation between the crypto market and the Nasdaq index is currently higher than the five-year average, with the correlation coefficient once exceeding 0.8. Market sentiment is generally cautious at present, with more funds staying in low-risk assets such as stablecoins, as investors await clearer catalysts.Lucas Sum believes that the core narrative of the next market cycle may no longer be "crypto vs. Wall Street," but rather traditional financial assets accelerating their entry into the digital financial system through on-chain infrastructure. The scale of RWA has grown from approximately $12 billion a year ago to over $30 billion, while the scale of tokenized U.S. Treasury bonds has also reached approximately $15 billion, indicating that on-chain financial infrastructure continues to expand. Meanwhile, macro liquidity, real yields, and regulatory clarity remain key factors influencing the performance of risk assets. Against this backdrop, investors' focus is shifting from single-asset allocation to coordinated allocation across multiple asset classes. Lucas Sum noted that Gate is continuously expanding its stock business, currently covering U.S., Hong Kong, and Korean stock markets, with plans to extend further into more global markets to provide the necessary infrastructure for multi-asset investment.
According to the "BOK Issue Note" report released by the High Employment Research Team of the Bank of Korea Survey Bureau on the 18th, between June 2022 and June 2026, jobs for Korean youth (aged 15-29) decreased by a total of 285,000, of which 268,000 (94%) were concentrated in AI high-exposure industries, involving fields such as information services, publishing, computer programming, and professional services. Meanwhile, employment for the group aged 50 and above increased by 230,000, with 75.2% also coming from AI high-exposure industries. The report pointed out that after the release of ChatGPT, the average unemployment rate for university graduates rose to 7.0%, higher than the 5.4% for youth with associate degrees or below, whereas previously there was almost no difference between the two. The report suggested that policies should focus on building new career ladders to help youth accumulate experience and skills with AI assistance, rather than simply retaining entry-level positions.
Odaily News: As Wall Street and global financial institutions accelerate their entry into the digital asset space, the boundaries between traditional finance (TradFi) and decentralized finance (DeFi) are gradually blurring. Bitwise CEO Hunter Horsley stated that the era of "going long Bitcoin and short bankers" is over, and financial institutions are pivoting to the other side of the crypto industry, driving digital asset adoption.Hunter Horsley noted that this summer, two financial institutions, each managing over $1 trillion in assets, approved the launch of crypto products in a bear market environment, showing that large institutions are expanding client access to digital assets. "Everyone put on the crypto jersey this year. Now, everyone is working for the crypto industry," Horsley said. He pointed out that these institutions, managing over a trillion dollars in client assets, would not have opened such services during the 2022 crypto market downturn, but are now actively embracing this sector.Fabian Dori, Chief Investment Officer at Sygnum, also believes the relationship between banks and the crypto industry has undergone a structural shift. "The trade of 'going long Bitcoin and short bankers' is over. Banks have moved from resisting digital assets to building, supporting, and distributing them through custody, tokenization, and compliant trading," a change driven primarily by growing client demand and gradually clarifying regulatory rules, rather than short-term market cycles.Nathan McCauley, CEO of Anchorage Digital, said that over the past two years, its client base has increasingly reflected the convergence of traditional and crypto finance. Large financial institutions typically choose to partner with specialized crypto infrastructure companies rather than building their own technology systems.In recent years, a growing number of financial institutions have entered the crypto space, including Swissquote, DBS Bank, BBVA, BNY Mellon, Credit Suisse-affiliated entities, as well as Morgan Stanley and Charles Schwab. (CoinDesk)