News linked to both this project and an event.
Odaily Report: NEAR ecosystem governance proposal HSP-029 has entered the voting phase, proposing to gradually reduce the maximum annual issuance rate of the NEAR token from 2.5% to 1.6%. The proposal, put forward by SVRN CEO Sal Ternullo, plans to decrease linearly by approximately 3.75 basis points per epoch over 24 months, while maintaining the 90/10 split between stakers and the treasury. If passed, a 90-day grace period will be implemented before the reduction officially begins.Proposal estimates show that the plan is expected to reduce NEAR issuance by approximately 11.8 million tokens over two years, and by a cumulative total of approximately 66.1 million tokens over six years, equivalent to a 4.36% reduction in supply compared to the current state. The staking annualized yield will gradually decrease from the current 5.268% to 3.372%. The proposal must go through a dual process to take effect: after passing the House of Stake vote, validators must independently adopt it through the standard protocol upgrade process. Currently, the NEAR network has 406 active validators with a staking rate of 42.71%.
According to CoinDesk, the development team behind Zcash's new node software, Zakura, plans to generate a unique viewing key for each ZEC swap conducted via NEAR Intents, while the spending key remains secured by the user's primary account. Under the current architecture, when users swap private ZEC for USDC via NEAR Intents, one of their Zcash privacy addresses is publicly broadcast on the NEAR public chain as a refund address and remains retained after the swap is completed. While this address currently does not leak information, sufficiently powerful quantum computers in the future could potentially reverse-engineer the viewing key using Shor's algorithm, thereby linking all payments received by that account, including amounts and memos. By implementing a "one-key-per-swap" approach, even if a refund address is compromised, attackers will only be able to view payments related to that specific swap. To address the issue of having to scan the entire blockchain sequentially during wallet recovery due to an abundance of keys, Zakura employs Private Information Retrieval (PIR) technology, allowing the wallet to query the location of incoming refunds without the database learning which address was queried.
In a postmortem article published by Alex Shevchenko (@AlexAuroraDev), lead of NEAR Intents, a vulnerability was identified in the NEAR Intents contract's deposit notification mechanism when interacting with third-party contracts. The attacker deployed a contract that caused the notification call to fail, triggering the token contract to refund the deposits while the NEAR Intents contract retained the deposit records. Through 23 failed deposit transactions, the attacker generated approximately $3.8 million in "phantom funds," which were subsequently withdrawn to external chains via Omni infrastructure. This vulnerability resided in the NEAR Intents contract rather than in the Omni infrastructure. The timeline indicates the attack occurred between September 29 and October 1. The team detected withdrawal anomalies on October 1 and paused the contract within 29 minutes. Thanks to collaboration between the SHIELD security layer, on-chain tracking efforts, and industry security researchers, the attacker fully returned the funds on October 2, and all affected users have been compensated. The postmortem highlighted that existing monitoring only tracked discrepancies between aggregate token balances on the source chain versus NEAR, failing to monitor the mismatch between total user balances and contract token balances. This oversight allowed the attack to proceed undetected for several days. For remediation, the team has completely disabled the deposit notification functionality and implemented new monitoring for discrepancies between total user balances and contract balances. If this invariant is violated, the contract will automatically pause. On October 7, white hat research
Odaily News: Near Protocol and Sunrise announced on October 15 that NEAR has connected to Solana via Sunrise, and NEAR liquidity is now accessible across Solana wallets, the decentralized exchange Jupiter, Raydium, and trading aggregators.This cross-chain pathway is powered by Near Intents, with NEAR as the first asset onboarded. The partners plan to support more assets and eventually integrate Near Intents directly into Sunrise.Following the announcement, NEAR is trading in the $5.24 to $5.30 range, up approximately 14% over 24 hours; its price has more than doubled over the past 30 days.Helius CEO Mert Mumtaz has joined the Near Foundation Council, where he will contribute to product strategy, market execution, and ecosystem development. (Bitcoin.com News)
Odaily News: NEAR Protocol has announced support for users to earn SOL yield through confidential accounts. After users deposit funds into the vault, the vault cannot know their address, and there is no lock-up requirement, allowing redemption or withdrawal at any time. The related vault was deployed by Gauntlet on Kamino.
Odaily News: NEAR treasury company SVRN has announced the acquisition of NEAR infrastructure platform FastNEAR. FastNEAR will be incorporated into SVRN as a wholly-owned subsidiary, and its co-founders Evgeny (Eugene) Kuzyakov and Mike Purvis will also join the SVRN team. FastNEAR is a high-performance RPC infrastructure provider for NEAR applications, supporting the majority of NEAR's data layer, including server clusters that handle network read and write operations, archival infrastructure that stores complete transaction history records, and NEARDATA, a data source for developers to process historical records.
NEAR Protocol announced that NEAR accounts now support the post-quantum ML-DSA signature scheme, enabling users to complete key upgrades without any asset migration. Meanwhile, the NEAR One team is advancing the NEP-655 proposal, which derives implicit accounts via an initial state hash, storing assets behind the hash so that no public keys or key hashes are exposed on-chain. It is currently live on the testnet and expected to launch on the mainnet within weeks. Additionally, the team is designing NEAR Intents Wallet Contracts that support custom signature extensions (including ML-DSA and hash-based schemes), and developing a NEAR-based Q-day recovery registry for external chains that have not yet deployed PQ keys, allowing users to submit recovery keys in a rotatable hash format. NEAR noted that its quantum-safe design philosophy was integrated into its architecture planning as early as 2018.
Illia Polosukhin posted on X platform that NEAR accounts can gain quantum-resistant capability through a key upgrade, and users do not need to migrate assets.
Illia Polosukhin stated that as on-chain tools expand, users no longer need centralized exchanges for many crypto activities. near.com integrates cross-chain spot trading, tokenized stocks, yield products, and perpetual contracts into a single interface, and plans to add more fiat-related features, including bank withdrawals, tax transaction records, and selective disclosure for confidential transactions. NEAR has partnered with Monerium to support users in converting between euros in bank accounts and EURe via IBAN, with the ultimate goal of enabling NEAR Intents to support "any asset to any asset" swaps. After integrating Ondo Finance in September, near.com already offers tokenized stocks and plans to add stocks from more global markets; NEAR's Agent Market allows users to describe their needs in natural language, with the platform finding agents capable of executing the task, and funds will be released after the task is completed and verified.
NEAR co-founder Illia Polosukhin posted that the recent increase in developer activity and further reduction in development barriers within the ecosystem center on what applications to build and how to establish distribution channels. In response, he proposed a series of potential building directions, including AI virtual pets combining NEAR AI’s on-chain verifiable inference with non-fungible tokens (NFTs); a universal checkout component supporting cross-chain intent payments; a decentralized encyclopedia integrating prediction markets with AI-generated content; a privacy-oriented OTC market based on NEAR Intents, alongside liquidation-resistant lending and perpetual contract management; a cross-chain event registration escrow tool backed by staking deposits; a privacy-preserving code review agent; a corporate cap table management tool; Delta-neutral strategy management; private copy trading utilizing view keys; an end-to-end encrypted medical auxiliary diagnostic system; a privacy-focused voice transcription desktop application; and AI benchmarking based on private test sets, among others.
Illia Polosukhin stated that the attack involving approximately $3.8 million only affected USDT on BSC. NEAR Intents and near.com are now back online, and affected users will receive full compensation.
Odaily News: According to monitoring by Bitget CEO, Bitget was hacked on September 24, with approximately $387.5 million in funds stolen, a large portion of which was transferred across chains and primarily consolidated on Ethereum. A report released by NEAR Intents shows that its risk intelligence layer SHIELD detected over $50 million in suspected money laundering transfer attempts; of this, $166,000 in funds went through, while $503,000 was frozen during execution. The frozen funds remain restricted pending subsequent legal and recovery proceedings.
Odaily News: Sei posted on X platform that REX Shares and Osprey Funds have updated their staking SEI ETF application filing with the U.S. Securities and Exchange Commission (SEC), setting October 23 as the effective date. The ETF is intended to provide spot SEI exposure with staking yield support. Previously, REX Shares and Osprey Funds also filed similar ETF applications for assets including NEAR, HYPE, SUI, and AVAX.
NEAR Protocol announced on X that the NEAR platform has launched a private limit order feature, supporting assets from any blockchain. Users can set a target price, and the order will automatically execute when the market price reaches the target. Orders will not be publicly displayed while awaiting execution.
Odaily report: NEAR has been listed on the Hyperliquid spot market, allowing users to trade the NEAR/USDC trading pair. According to the Hyperliquid process, it will take several more days for NEAR to appear in the Strict List on the platform interface.
Ondo Finance has announced its tokenized securities platform, Ondo Stocks, has launched on the NEAR mainnet and integrated with NEAR Intents. The initial rollout supports 20 tokenized U.S. stocks, ETFs, and commodity-related products, including shares of Tesla, Nvidia, Apple, as well as QQQ, gold, and silver ETFs. Eligible users can access these assets through the NEAR mainnet and distribute them to wallets and applications on connected networks via NEAR Intents. The NEAR mainnet supports access to over 30 blockchains. Ondo stated that its tokenized securities platform has surpassed $1 billion in total value locked, with cumulative trading volume exceeding $26 billion.
Odaily reports: Polygon founder Sandeep posted on X that Polygon is preparing to permanently burn 100 million POL tokens. The relevant contract is currently on testnet and will go live on mainnet after final sign-off by the Polygon Council. Once live, anyone can trigger the initial burn, after which community members can execute a burn once per quarter.Sandeep added that Polygon's year-to-date revenue is approximately $24.5 million, higher than Arbitrum's $8.41 million and NEAR's $5.6 million. POL's supply has been in a deflationary state since January 2026, and the network's TPS has increased 10x to 5,000.
NEAR Protocol posted on X stating that perpetual contract trading now has privacy protection enabled by default. Users can open positions directly with their existing accounts, and others cannot identify position ownership; this feature is powered by Hyperliquid.
Bankless co-founder David Hoffman stated that ZEC primarily protects fund privacy through shielded transactions, while NEAR's privacy capabilities can extend to broader business activities. He views NEAR as a generalized version of ZEC's privacy concept.
Odaily News: Fintech institution Responsible Fintech Institute (RFI) and crypto asset custody infrastructure provider Safeheron have announced the launch of a pilot for quantum-resistant digital asset wallets and on-chain transfers, with participants from Europe, the Middle East, and Asia. The pilot runs on the quantum-resistant NEAR testnet and utilizes a multi-party computation protocol supporting the ML-DSA-65 standard.Participating regulators include Abu Dhabi Global Market, Bhutan's Gelephu Financial Services Office, and Malta's Financial Services Authority, with Bison Bank and DK Bank participating as financial institutions. Banks will test wallet generation and transfers in a shared application environment, with regulators observing in the initial phase and later participating in governance workflows.The organizers plan to publish a whitepaper covering research, protocol design, and test results, and will gradually open-source the underlying technology. The Hong Kong Monetary Authority plans to fully prepare Hong Kong's banking sector for quantum security risks by 2030, while a 2025 report from the Bank for International Settlements recommends that financial institutions migrate to quantum-resistant systems in phases. (Cointelegraph)