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Sony Launches Global Onchain Entertainment Incubation Program to Support Soneium Startups
Odaily reports: Sony Group has announced the launch of the global Sony Onchain Entertainment Incubation Program, aimed at creators and startups worldwide, supporting them in developing entertainment-related products and services on Soneium. Selected projects will receive technical infrastructure, partnership opportunities, as well as support for business development, marketing, community operations, and financing. Sony stated that since 2024, it has supported 43 projects globally through two previous rounds of the incubation program. The application period for the new program runs from October to December 2026, with project selection expected to continue through March 2027.
Bitget Partners with Reality and Keyring to Publish Research Report, Plans to Launch Onchain Stock Basis Trading Strategy
Odaily Report: Bitget, in collaboration with Reality and Keyring, has published a research report exploring the synergies between tokenized stocks, perpetual contracts, and decentralized lending, while assessing the potential returns and risks of related strategies through simulated calculations. The report notes that the application of tokenized stocks is expanding from traditional stock trading to collateralized lending, asset management, and systematic investment strategies.The research is based on Reality's rToken, combined with stock perpetual contract hedging and onchain lending mechanisms, to explore stock basis yield strategies. Historical simulation data shows that from December 15, 2025, to October 19, 2026, the strategy index achieved annualized net returns of approximately 7% and 4% in-sample and out-of-sample, respectively, with a gross funding rate premium of approximately 11%–14%. The report also notes that financing costs, trade execution fees, market liquidity, and risk management are key factors affecting the strategy's actual returns.It is understood that Bitget and Keyring plan to jointly develop a stock basis index and build an onchain lending market based on Reality's rToken. Reality will provide exposure to tokenized stock assets, while Keyring will be responsible for developing the index methodology and building the related lending market. The index aims to capture funding rate and basis yield opportunities by combining rToken holdings with hedged positions in corresponding stock perpetual contracts, providing a new strategic pathway for the application of tokenized stocks in onchain financial scenarios.
Bonk Guy: Onchain Meme Market Is Far From Bottoming Out, Historic Opportunities May Reappear
Odaily reports: Bonk Guy posted stating that the view that onchain trading and the Meme coin market have fallen into the worst period in history reflects a misperception within the crypto community (CT) regarding the current state of the market. Over the past 4 months, about 6 new tokens reached market caps of $100 million to $300 million or more, among which PONS started from zero and its fully diluted valuation (FDV) once reached $960 million, while the FDVs of tokens such as ANSEM, CASHCAT, AI, and STONK also all broke through $300 million at one point. In addition, dozens of new tokens surpassed $10 million in market cap, and despite the deterioration in market structure, tokens with sharp gains still occasionally emerge onchain.Bonk Guy compared the current market with previous downturn periods, noting that before the emergence of Robinhood Chain, the market went through a long stretch with almost no notable rallies; and after the launch of the TRUMP token last year and before the initial rise of BonkFun, there was also a period of about half a year during which almost no token could break through a market cap of $2 million to $5 million.He believes that although the current market is no longer in the broad rally phase seen a few months ago, this does not mean trading opportunities have disappeared. He expects the market may recover soon, even faster than most people anticipate, and suggests paying attention to tokens that have already demonstrated the ability to deliver outsized performance in the previous cycle, seeking opportunities during market pullbacks. The market is currently filled with pessimism and negative narratives, and investors should not be swayed by the noise. Historical experience shows that some previously strong tokens may not only return to their prior highs but even break through further once the next market cycle begins. The biggest opportunities often appear before market sentiment reverses and while mainstream investors have yet to change their views.
SEC Chair: Will Clarify Onchain Fundraising Rules Within Statutory Authority
Odaily reports: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that although the CLARITY Act was not passed by Congress, the SEC will still clarify onchain fundraising rules within its statutory authority.The U.S. Senate failed to advance the CLARITY Act on September 15 with a 49-50 vote, falling short of the required 60-vote threshold. Atkins has not yet disclosed what form the relevant guidance will take—whether exemptions, a registration pathway, or staff guidance.The SEC previously paved the way for tokenized stocks on September 17, and on September 25 published nine FAQs explaining the impact of token issuers' commitments on securities determinations. Commissioner Hester Peirce will depart on October 2, leaving the SEC with only two sitting commissioners, Atkins and Mark Uyeda. (Bitcoin.com News)
Dragonfly Managing Partner: Onchain Pre-IPO Derivatives Show AI Lab Valuations Not Significantly Impacted by "Slowing the Frontier Race"
Dragonfly managing partner Haseeb Qureshi stated that price movements in onchain Pre-IPO derivatives reflect interesting market expectations for AI lab valuations. He noted that Jacob Coxon's earlier pessimistic remarks about AI risk actually pushed related lab valuations higher, arguing that "scaring everyone seems to be good for business."Haseeb said that after Anthropic CEO Dario Amodei proposed "slowing the frontier race," related valuations were not significantly affected, which is not surprising, since reducing the model race means training spending declines, thereby lowering major capital expenditures. However, after David Sacks publicly criticized Dario, Anthropic's valuation was largely unaffected, while OpenAI's valuation declined, and he raised questions about the reason for this.
The Bhutanese government transferred 10.779 BTC to two new addresses, worth approximately $835,000.
According to on-chain analyst Onchain Lens (@OnchainLens), the Government of Bhutan transferred 10.779 BTC to two new addresses, valued at approximately $835,000 USD at current prices.
CoinDCX Security Incident Under Scrutiny: User Deposits Flowed into Undisclosed Wallet, Nearly Equivalent Funds Transferred Out
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.
Hyperliquid CEO: Bringing the Entire Financial Industry Onchain
Odaily News: Hyperliquid Labs CEO and co-founder Jeff Yan gave a rare interview, detailing the platform's operating mechanism and future plans.Hyperliquid entered the spotlight of global traders and market observers earlier this year—after the Iran war broke out, speculators used the markets built on it to trade crude oil, with the platform offering 24/7 markets on the blockchain. In August, U.S. President Trump said the CFTC is pushing to allow Hyperliquid to "enter the United States in a fully compliant and legal manner." Hyperliquid currently operates outside the United States, but that has not hindered its rapid expansion over the past year.In the interview, Jeff Yan introduced the protocol he built with his co-founder, the ecosystem of participants and assets tied to Hyperliquid (such as the platform's cryptocurrency HYPE), how perpetual contracts are bought and sold on the platform, and explained what a blockchain oracle is, as well as the conditions Hyperliquid needs to meet to conduct business in the United States. (Bloomberg)
Franklin Templeton, with $1.79 trillion in AUM, explores regulatory exemptions for tokenized fund trading
Odaily News — Global investment management firm Franklin Templeton is exploring regulatory exemptions to allow tokenized money market funds and ETFs to trade through blockchain-based trading venues. On October 9, the company met with staff of the U.S. Securities and Exchange Commission (SEC) Crypto Task Force regarding legal issues including pricing, fees, and asset pools.The agenda included whether investors can exchange blockchain fund shares for tokenized National Market System (NMS) stocks through blockchain trading venues, and whether liquidity providers can charge service fees. The related issues involve pricing rules under the Investment Company Act and whether exemptions are needed.Regarding tokenized ETFs, Franklin Templeton also discussed pairing them with tokenized stocks, approved payment stablecoins, or tokenized money market funds, as well as whether liquidity pools need to obtain Investment Company regulatory exemptions. Its preliminary disclosure on September 30 listed assets under management at $1.79 trillion.Franklin Templeton's blockchain fund recordkeeping business began with the Franklin Onchain U.S. Government Money Fund launched in 2021. The BENJI token represents shares of the fund, and transferring tokens simultaneously transfers the corresponding shares, with transactions recorded and share ownership tracked by the Benji Technology Platform. (Bitcoin.com News)
Suspected Ledger Hacker Transfers 430.2 ETH to Tornado Cash
According to Onchain Lens monitoring, the suspected hacker behind the reported $90 million Ledger reseller incident has deposited 430.2 ETH, worth $1.07 million, into Tornado Cash through 4 wallets. After Tether froze the related funds, the hacker swapped USDT for USDD through SUN.io and USDD's PSM, with some funds also flowing into Binance hot wallets.The hacker's wallet tracked by Arkham currently holds a total of $70.6 million in assets, including 11,406 ETH worth $28.35 million; 213.371 BTC worth $17.65 million; 13.646 million USDD worth $13.65 million; and 10.909 million USDT worth $10.91 million. Onchain Lens is calling on Binance to investigate these transfers and freeze accounts associated with the stolen funds as soon as possible.
SEC Chair: Will Clarify Onchain Fundraising Rules Within Statutory Authority
Odaily reports: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that although the CLARITY Act was not passed by Congress, the SEC will still clarify onchain fundraising rules within its statutory authority.The U.S. Senate failed to advance the CLARITY Act on September 15 with a 49-50 vote, falling short of the required 60-vote threshold. Atkins has not yet disclosed what form the relevant guidance will take—whether exemptions, a registration pathway, or staff guidance.The SEC previously paved the way for tokenized stocks on September 17, and on September 25 published nine FAQs explaining the impact of token issuers' commitments on securities determinations. Commissioner Hester Peirce will depart on October 2, leaving the SEC with only two sitting commissioners, Atkins and Mark Uyeda. (Bitcoin.com News)
R25 Studio Opens Public Beta: Fund Setup Compressed from Months to 10 Minutes, Onchain Asset Management Enters the Programmable Era
R25 today announced the official public beta launch of R25 Studio, the core product of its 2.0 architecture.R25 Studio is dedicated to realizing the vision that "anyone can become an asset manager," fully opening up institutional-grade fund setup, operations, and distribution capabilities. By abstracting cumbersome legal documents, back-end systems, and compliance processes into configurable smart contracts, R25 Studio has successfully compressed the fund setup timeline from months to just 10 minutes.The platform is built around four pillars — Build, Manage, Earn, and Distribute — covering Vault creation, subscription and redemption, investment management, fee earning, and distribution. Asset managers no longer need to build complex fund structures from scratch; they can autonomously configure investment parameters, management fees, and performance fee rates onchain, generate dedicated Vault Tokens/Shares, and list their Vaults on channels such as Dapp and Topnod. The platform also provides performance data including NAV, APY, cumulative returns, and maximum drawdown, helping asset managers monitor strategy performance in real time.Previously during the 1.0 phase, Axil launched a private credit Vault on R25 and successfully surpassed $130 million in TVL, validating the reliability of this infrastructure.The application channel for the first batch of managers is now open. (Please click the original link)
Worth approximately $27.19 million, a whale unstaked 304,600 HYPE after 3 months of inactivity
: According to Onchain Lens monitoring, a whale who previously bought HYPE from Galaxy Digital unstaked 304,600 HYPE after 3 months of inactivity, worth approximately $27.19 million.
Hyperliquid whale places ~$20M ETH buy order, existing longs down $4.63M unrealized
According to Onchain Lens, trader Long Loyalist deposited 4.9 million USDC into Hyperliquid about an hour ago and placed a buy order for 9,630 ETH, valued at approximately $20 million. The trader currently holds 4,860 ETH in long positions, worth around $10.94 million, with unrealized losses across 39 positions totaling $4.63 million, and cumulative historical losses reaching $4.29 million.
A whale turned a $2.75M profit in 4 hours, shorting nearly $96.33M in Bitcoin and ETH with 40x and 25x leverage after 3 months of inactivity
According to Onchain Lens monitoring, a whale opened Bitcoin and ETH short positions after 3 months of inactivity, shorting 620.71 BTC (approximately $47.77 million) and 22,050 ETH (approximately $48.56 million) with 40x and 25x leverage respectively. The whale currently has an unrealized profit of $2.75 million, a profit of $2.69 million over the past 30 days, and a cumulative profit of $1.16 million.
STRK short positions show a total unrealized profit of $4.46 million; Binance hacker begins selling STRK
Odaily reports: According to Onchain Lens monitoring, the Binance hacker has begun selling STRK; two Hyperliquid traders hold STRK short positions with a combined unrealized profit of $4.46 million, of which one trader has an unrealized profit of $1.61 million and the other trader has an unrealized profit of $2.85 million.
A whale transferred 387,000 HYPE to Coinbase, worth approximately $31.93 million
Odaily reports: According to Onchain Lens monitoring, a whale unstaked 387,000 HYPE from Kinetiq and transferred the tokens to Coinbase, possibly for sale. Of these, 100,000 were transferred two days ago, worth approximately $7.57 million; 100,000 were transferred today, worth approximately $7.86 million; and 187,000 were transferred previously, worth approximately $16.5 million.
A whale bought $42.3 million worth of crypto assets from BitGo within 1 hour
Odaily reports: According to Onchain Lens monitoring, a whale bought the following tokens from BitGo in the past hour, with a total value of approximately $42.3 million: 14,600 ETH, worth about $34.24 million; 415,690 LINK, worth about $4.81 million; 16,570 AAVE, worth about $2.23 million; 144,840 UNI, worth about $1.02 million.
Binance hacker group intensifies fund transfer activity, moving 120 million TRX
According to Onchain Lens monitoring, the Binance hacker group is repeatedly splitting funds across multiple wallets through automated transfers, then moving them back to previous addresses and redistributing them to new addresses in order to obscure the fund flows. Most recently, the group transferred 120 million TRX, worth approximately $38.78 million, and subsequently carried out further distribution.
Onchain Foundation: Suspending LSK Buyback Due to Binance Security Incident, Expected to Resume Next Week
The Onchain Foundation stated that due to the Binance security incident, it has temporarily suspended the LSK buyback program and expects to resume it next week once the situation becomes clearer. The foundation noted that Binance has confirmed it will cover all losses, so it is expected that this incident will not impact the LSK buyback program. After the buyback resumes, the Onchain Foundation will issue a separate announcement.
STRK short positions show a total unrealized profit of $4.46 million; Binance hacker begins selling STRK
Odaily reports: According to Onchain Lens monitoring, the Binance hacker has begun selling STRK; two Hyperliquid traders hold STRK short positions with a combined unrealized profit of $4.46 million, of which one trader has an unrealized profit of $1.61 million and the other trader has an unrealized profit of $2.85 million.
Over $1 Billion in ETH Moved, Binance Hacker Group Transfers Funds to New Wallets
that, according to Onchain Lens monitoring, the hacker group allegedly linked to the $5.8 billion Binance attack is transferring over $1 billion worth of ETH to new wallets and may be preparing to launder the funds through Tornado and other mixers.
Predict Fun on BSC Suspected of Being Attacked, Approximately $300,000 in Funds Flows Into Tornado Cash
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), the BSC-based prediction market platform Predict Fun was allegedly compromised via a vulnerability, with approximately $300,000 in suspected stolen funds transferred from multiple contracts through intermediary wallets to Relay. These funds were reportedly routed into Tornado Cash following a cross-chain transfer.
Hacker steals 9,408 SOL from 49 victims, suspected wallet address receives approximately $954,000
Odaily reports: According to Onchain Lens monitoring, Bloomtrading users have reported wallet asset theft, with approximately $954,000 in funds transferred to a suspected theft address. A hacker stole 9,408 SOL from 49 victims through a theft wallet, and the final amount may be higher. The largest single theft was 1,636 SOL, worth approximately $166,000. Users are reminded to disconnect immediately and transfer funds to a new wallet.
Onchain Foundation: Suspending LSK Buyback Due to Binance Security Incident, Expected to Resume Next Week
The Onchain Foundation stated that due to the Binance security incident, it has temporarily suspended the LSK buyback program and expects to resume it next week once the situation becomes clearer. The foundation noted that Binance has confirmed it will cover all losses, so it is expected that this incident will not impact the LSK buyback program. After the buyback resumes, the Onchain Foundation will issue a separate announcement.
Sony Launches Global Onchain Entertainment Incubation Program to Support Soneium Startups
Odaily reports: Sony Group has announced the launch of the global Sony Onchain Entertainment Incubation Program, aimed at creators and startups worldwide, supporting them in developing entertainment-related products and services on Soneium. Selected projects will receive technical infrastructure, partnership opportunities, as well as support for business development, marketing, community operations, and financing. Sony stated that since 2024, it has supported 43 projects globally through two previous rounds of the incubation program. The application period for the new program runs from October to December 2026, with project selection expected to continue through March 2027.
Bitget Partners with Reality and Keyring to Publish Research Report, Plans to Launch Onchain Stock Basis Trading Strategy
Odaily Report: Bitget, in collaboration with Reality and Keyring, has published a research report exploring the synergies between tokenized stocks, perpetual contracts, and decentralized lending, while assessing the potential returns and risks of related strategies through simulated calculations. The report notes that the application of tokenized stocks is expanding from traditional stock trading to collateralized lending, asset management, and systematic investment strategies.The research is based on Reality's rToken, combined with stock perpetual contract hedging and onchain lending mechanisms, to explore stock basis yield strategies. Historical simulation data shows that from December 15, 2025, to October 19, 2026, the strategy index achieved annualized net returns of approximately 7% and 4% in-sample and out-of-sample, respectively, with a gross funding rate premium of approximately 11%–14%. The report also notes that financing costs, trade execution fees, market liquidity, and risk management are key factors affecting the strategy's actual returns.It is understood that Bitget and Keyring plan to jointly develop a stock basis index and build an onchain lending market based on Reality's rToken. Reality will provide exposure to tokenized stock assets, while Keyring will be responsible for developing the index methodology and building the related lending market. The index aims to capture funding rate and basis yield opportunities by combining rToken holdings with hedged positions in corresponding stock perpetual contracts, providing a new strategic pathway for the application of tokenized stocks in onchain financial scenarios.
Hyperliquid Partners with Kraken's Parent Company Payward to Bring Onchain Perpetual Futures Markets to the US
Odaily Report: Hyperliquid co-founder jeff posted that he is excited to partner with Kraken's parent company Payward to advance onchain derivatives development built on Hyperliquid infrastructure and bring a new generation of perpetual futures markets to the US.jeff stated that Kraken is one of the most trusted exchanges in the crypto industry and a firm supporter of blockchain technology and crypto ideals, and that Hyperliquid is honored that Kraken chose to build on Hyperliquid.
$2.3 Billion Outstanding Balance: Coinbase Crypto-Backed Loans Advance in Tandem with Onchain Bank Deposits
Coinbase's outstanding balance for crypto-backed loans has reached $2.3 billion, with the product launching in January 2025. Eligible users outside New York State can pledge Bitcoin to borrow USDC without selling their holdings, with loans routed through the Morpho decentralized lending protocol on the Base network. On September 22, Coinbase added fixed-rate loans through Morpho Midnight, and pledgeable assets have expanded to XRP, DOGE, ADA, and LTC. As of mid-September 2026, floating-rate loans have exceeded $1.4 billion, backed by approximately $3 billion in collateral.JPMorgan's JPMD tokenized deposits have been running on Base for institutions since mid-2026, with Citi and BNY Mellon also advancing related initiatives, and multiple UK banks planning to launch related networks in 2027.
A Hyperliquid trader's account address has been published, with total unrealized profit previously reaching $3.65 million
According to Onchain Lens monitoring, a Hyperliquid trader's account address has been published. Previously, the trader held a TSLA short position worth $4.25 million for 1 day, making a profit of $241,700, a gain of 21.5%; the SKHX short position profited $1.34 million, the NBIS short position profited $1.17 million, the SPXC short position profited $552,400, and the XYZ100 short position profited $498,100; total unrealized profit was $3.65 million, with cumulative historical losses of $217,600.
Related news
Worth $4.06 million, Galaxy Digital OTC deposits 47,000 HYPE to OKX
that, according to Onchain Lens monitoring, Galaxy Digital OTC deposited 47,000 HYPE to OKX 4 hours ago, worth $4.06 million, possibly for selling.
Worth approximately $27.19 million, a whale unstaked 304,600 HYPE after 3 months of inactivity
: According to Onchain Lens monitoring, a whale who previously bought HYPE from Galaxy Digital unstaked 304,600 HYPE after 3 months of inactivity, worth approximately $27.19 million.
Binance hacker group intensifies fund transfer activity, moving 120 million TRX
According to Onchain Lens monitoring, the Binance hacker group is repeatedly splitting funds across multiple wallets through automated transfers, then moving them back to previous addresses and redistributing them to new addresses in order to obscure the fund flows. Most recently, the group transferred 120 million TRX, worth approximately $38.78 million, and subsequently carried out further distribution.
Worth approximately $83.3 million, BlackRock transferred 37,470 ETH from its ETF wallet to Coinbase Prime
According to Onchain Lens monitoring, BlackRock transferred 37,470 ETH from its ETF wallet to Coinbase Prime, valued at approximately $83.3 million.
Onchain Foundation: Suspending LSK Buyback Due to Binance Security Incident, Expected to Resume Next Week
The Onchain Foundation stated that due to the Binance security incident, it has temporarily suspended the LSK buyback program and expects to resume it next week once the situation becomes clearer. The foundation noted that Binance has confirmed it will cover all losses, so it is expected that this incident will not impact the LSK buyback program. After the buyback resumes, the Onchain Foundation will issue a separate announcement.
Hyperliquid whale places ~$20M ETH buy order, existing longs down $4.63M unrealized
According to Onchain Lens, trader Long Loyalist deposited 4.9 million USDC into Hyperliquid about an hour ago and placed a buy order for 9,630 ETH, valued at approximately $20 million. The trader currently holds 4,860 ETH in long positions, worth around $10.94 million, with unrealized losses across 39 positions totaling $4.63 million, and cumulative historical losses reaching $4.29 million.