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Project Overview
Open accelerates the Open Web with information abstraction and compute abstraction to bring the Open Virtual Machine (OVM) to Arbitrum. OVM serves as a bridge between blockchain’s on-chain resources and the power of off-chain compute, enabling blockchain networks to run sophisticated applications like decentralized AI and secure automation.Built with a modular architecture, OVM combines Open Node’s data structuring and translation expertise with Arbitrum’s high-throughput environment to offer decentralized applications and scalable access to external computing power.
trade.xyz Launches Events Feature, Initial Up/Down Markets Cover Stocks, Commodities, and Pre-IPO Assets
trade.xyz posted on X that it has launched Events, aiming to develop Hyperliquid into a unified trading system for trading financial assets and real-world outcomes. Users can deposit spot BTC into their unified trade.xyz account, borrow USDC through portfolio margin, open pre-IPO perpetual contract positions on SpaceX, use event markets to hedge against the upcoming SK Hynix earnings event, and pick the US Open champion. Events will cover sports, politics, economics, and financial markets; the initial Up/Down markets cover stocks, commodities, and pre-IPO assets, with liquidity provided by trade.xyz perpetual contracts on HIP-3, whose continuous price discovery mechanism serves as the source for contract settlement.
Pencil Finance completes $1 million in fully on-chain student loan financing and repayment cycle
Odaily News: Decentralized lending protocol Pencil Finance has completed the fundraising, disbursement, repayment tracking, and fund return of a $1 million student loan portfolio entirely on-chain, constituting a full financing and repayment cycle. Animoca Brands, Open Campus, and NewCampus provided funding for this portfolio in July 2025.Education financing company ErudiFi disbursed the majority of funds through student loans and tuition financing in Southeast Asia, covering markets such as Indonesia and the Philippines. The portfolio ran for 12 months, supporting more than 6,600 students across 118 schools and universities, with approximately 1,050 students receiving funding directly attributable to Pencil Finance.Investors were split into senior and subordinated tranches — the former receiving fixed returns with priority repayment rights, while the latter earned variable returns and bore the first losses from defaults. Pencil Finance claims this is the first fully on-chain student loan cycle, but did not disclose interest rates, investor yields, default rates, or blockchain transaction records. (Decrypt)
Morgan Stanley: 70% of NVIDIA's FY28 Revenue Guidance Constrained by Supply; Inference Has Become the Largest and Continuously Expanding Data Center Segment
According to Chaohiang Research, JPMorgan's September 2 investor meeting minutes for NVIDIA indicate that NVIDIA is "comfortable" with its guidance for 70% year-over-year growth in FY28, and this guidance is supply-constrained rather than demand-constrained; with sufficient supply, the business could grow more than double. Inference has become the largest and expanding segment of the data center business. Eighteen months ago, inference and training each accounted for roughly half, but currently inference exceeds training and will continue to rise. Advanced wafers and memory are the two major supply bottlenecks, and NVIDIA maintains close cooperation with TSMC and the three major memory suppliers. The customer base continues to broaden, with OpenAI and Anthropic currently accounting for approximately 20% of end-user demand, which may approach 25% by FY28; new cloud providers now account for over 50% of AI computing infrastructure. Open-source and closed-source models will coexist, and gross margins for model developers are improving. NVIDIA supports long-term demand through revenue sharing, the PORTS-Pike campus, and a $500 billion private capital financing platform. Morgan Stanley maintains an Overweight rating with a price target of $320, based on approximately 20x the expected CY2026 EPS of $15.87.
Pencil Finance completes $1 million on-chain student loan cycle, covering 6,600 students in Southeast Asia
Odaily News Student loan real-world asset (RWA) protocol Pencil Finance has completed its first fully on-chain student loan cycle, deploying $1 million in capital to provide financing for approximately 6,600 students across Southeast Asia. After borrowers repay their funds, capital providers receive both principal and returns.The financing portfolio was funded in July 2025 by Animoca Brands, Open Campus, and New Campus, and is structured into senior tranches with fixed returns, as well as junior tranches that carry floating yields and bear first-loss risk. The loans cover 118 schools and universities across Southeast Asia, with approximately 1,050 students receiving direct funding. Among borrowers, women account for 50%, and 93% come from low-income families. (Cointelegraph)
BIT: SEC's Proposed Crypto Fundraising Exemption Rules May Open Up Room for Altcoin Fundraising and Market Rallies
According to analysis by BIT's official Chinese account (@BITofficial_CN), the U.S. Securities and Exchange Commission (SEC)'s proposed crypto asset regulatory rules may provide securities registration exemptions for qualifying crypto asset financing activities, thereby lowering the compliance threshold for token offerings and improving the industry's financing environment. Under the proposal, eligible issuances may qualify for two types of exemptions: a one-time fundraising exemption capped at $5 million over four years, and another that permits issuers to raise up to $75 million within any consecutive 12-month period. Both categories must fulfill disclosure obligations, while the latter is also required to submit financial statements and make ongoing disclosures.
MSX Pre-IPO Phase 2 Redemption Now Open, Polymarket Subscription Yield Reaches 33.3%.
Odaily News: According to the official announcement from MSX, the platform has officially opened redemption applications for Phase 2 Pre-IPO projects, Anthropic and Polymarket.Official data shows that as of the latest valuation, the Polymarket subscription price has risen from $152/share to $202.67/share, representing an unrealized gain of 33.3%. Anthropic's latest valuation also exceeds its subscription price.With this redemption window now open, users can choose based on their own needs to either apply for redemption at the latest market price and settle in USDT, or continue holding until the underlying projects complete their IPOs.Previously, MSX had already completed the full trading cycle for Phase 1 Pre-IPO projects, $CBRS.M and $SPCX.M, from subscription to listing. Users can log in to the MSX platform to view specific redemption rules and asset status.
Webull Plans to Open Crypto Perpetual Contracts to US Clients in November, Starting with Bitcoin
Odaily reports: Nasdaq-listed US online brokerage Webull plans to open perpetual contract trading to eligible US clients starting in November, with the first batch of products including Bitcoin and other crypto assets, and intends to expand access before the end of the year. The contracts will be listed on the CFTC-regulated Kalshi exchange, with clearing handled by Kalshi's clearinghouse, and Webull users approved for futures trading will be able to trade through their existing futures accounts. (WSJ)
Expands to Ethereum Mainnet: JPMorgan's JPM Coin USD Deposit Token Now Open to Institutional Clients
Odaily Report: JPMorgan is expanding its JPM Coin USD deposit token to the Ethereum mainnet, offering it to institutional clients. The token was previously launched on Base in 2025 and represents actual bank deposits, enabling near-instant peer-to-peer transfers and settlements around the clock. It is currently available only to JPMorgan institutional clients through Kinexys, does not support public trading, and is not open to retail customers. JPM Coin is a permissioned, regulatory-compliant bank money and is not a decentralized stablecoin.
USDC Retains Only 7 Cents of Net Profit per Dollar of Revenue; Circle Responds to Zero-Fee Competition
Odaily reports: Circle disclosed that in the first half of 2026, USDC retained only 7 cents of net profit per $1 of revenue. According to a blog post published on October 16 by Circle Chief Business Officer Kash Razzaghi, Circle generated approximately $1.4 billion in revenue and reserve income in the first half of the year, of which $819 million was distributed to distribution partners and used for transaction costs, equivalent to about 59 cents per dollar of revenue. Circle stated that the low revenue retention rate demonstrates the sustainability of its model, and said that competitors' higher revenue-sharing ratios mean they are saving costs on underlying infrastructure.Circle holds more than 55 licenses and partners with over 25 banks, with more than 150 partners participating in the USDC economic revenue share. In the first half of 2026, USDC on-chain transaction volume exceeded $36 trillion; in June 2026, USDC's share of global stablecoin transaction volume rose to 77%, up from 60% in the same period the previous year. Open USD launched in June 2026, featuring free minting and redemption, and distributes reserve income directly to participants.
Polygon Labs Completes Acquisition of Coinme, Entering the Payments Market with Stablecoin Infrastructure
Odaily reports: Polygon Labs has announced the completion of its acquisition of Coinme, a US-regulated crypto payment service provider, with plans to leverage stablecoin infrastructure to enter the payments market dominated by Visa and Stripe. Polygon Labs CEO Marc Boiron stated that the acquisition will help Polygon Labs own customer relationships and capture revenue that previously flowed to intermediaries; Polygon Labs has now become a payments-focused company that uses blockchain to move money. In January, Polygon Labs launched Open Money Stack to support stablecoin payments and cross-border transfers, and to charge fees for currency exchange and money transfers. Marc Boiron said the regulated payments business is expected to become profitable by 2027. Data shows that Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will control more business processes in areas such as crypto asset, stablecoin, and fiat currency conversion, rather than handing customers over to third parties. Polygon Labs' unified payments platform is currently still in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.
Polygon Completes Acquisition of Coinme, Launches US-Regulated Payment Platform
According to Polygon's official blog, Polygon Labs announced the completion of its acquisition of Coinme, officially making its payment infrastructure product, Polygon Open Money Stack (OMS), a US-regulated payment platform. The platform currently covers 48 U.S. states, holds 37 state money transmitter licenses and 11 exemptions, and is registered with FinCEN as a money services business.
Pyth DAO Approves "100% Rule": All Future Product Revenue to Be Used for Open Market PYTH Buybacks
oracle network Pyth Network has released its Q3 business report, stating that as of the end of September, its active annual recurring revenue (ARR) reached $11.49 million, up 86.5% from the previous quarter, with net new ARR of $5.33 million in Q3.On the exchange side, the trading volume of real-world asset (RWA) perpetual contract markets powered by Pyth data reached $2.09 trillion in Q3, accounting for 94.1% of the total volume in related markets. In prediction markets, Pyth has provided data support for platforms such as Kalshi and Polymarket. Among them, Kalshi listed Pyth as the data source provider for its gold and silver perpetual contract markets in relevant regulatory filings. In the AI sector, Pyth is testing financial data infrastructure for AI agents with Exa, providing real-time prices, historical data, and candlestick data to enable AI systems to incorporate market information into analysis and decision-making.Additionally, Pyth DAO approved the "100% Rule," under which all future revenue the DAO receives from Pyth products will be used for open market buybacks of PYTH tokens. Compared to the previous practice of using only one-third of non-PYTH asset balances for buybacks, the allocation ratio has been increased threefold.
Trader Killa: If BTC Drops to $74,000, I Will Open Another 10x Leverage Long Position
Odaily reports: Trader Killa posted that he currently still holds Bitcoin long positions, including longs opened at $62,600 and $76,000, as well as a 10x leverage long position opened at $82,800. If BTC wicks down to $74,000, causing the 10x leverage long position to be liquidated, he plans to open another 10x leverage long position at the previously set invalidation level, but with a smaller position size, as he already has significant exposure in that price range.Killa added that if he were not already holding a large number of longs and spot positions, he would actively buy at current levels. He believes investors who are underallocated could consider gradually buying over the coming weeks, and stated he would rather enter early than miss out on a larger subsequent move.
PopDEX 全面开放，推出面向真实交易员的每周无上限链上滚动奖池
PopDEX 宣布正式开启 Open Beta，用户现可无需邀请码进入平台交易。作为以交易员为核心的去中心化永续合约交易平台，PopDEX 由 Foresight Ventures 孵化并投资 3,000 万美元，致力于通过更低的净交易成本、CLOB 订单簿、链上透明交易、统一账户及多资产市场，为真实交易员提供接近 CEX 的链上交易体验。
Bitget Chief Legal Officer’s 8th Anniversary Open Letter: Making Trust Visible and Verifiable
Bitget Chief Legal Officer Hon Ng has released an open letter on the occasion of the platform's eighth anniversary. As the platform continues to evolve into a Universal Exchange (UEX), Bitget has further upgraded its Proof of Reserves (PoR) system, expanding the scope of verifiable assets from four original cryptocurrencies to 19 major assets. Data shows that as of September 2026, Bitget has consecutively published 46 PoR reports. In his letter, Hon Ng noted, "Growth and responsibility are never two separate pursuits." As the platform's scale, asset categories, and market boundaries continue to expand, security, transparency, and compliance standards must also be upgraded in tandem. "Making trust visible and verifiable remains a cornerstone of Bitget's commitment to long-termism." On the security front, account-level protections cover 2FA, FIDO2, WebAuthn Passkeys, and anti-phishing codes, while platform security mechanisms integrate withdrawal protection, anomaly detection, and anti-fraud systems, providing backend safeguards for every user interaction. The Market Order & Token Responsibility Framework introduced this year further strengthens continuous monitoring and risk management of listed assets, project teams, and market makers. By continuously optimizing mechanisms and enhancing transparency, it maintains a fair and orderly trading environment. From a compliance perspective, Bitget has secured corresponding registrations, licenses, or regulatory approvals in multiple jurisdictions, including Argentina, Australia, New Zealand, Switzerland, and the United Kingdom, and holds
Bitget Chief Legal Officer's 8th Anniversary Open Letter: Making Trust Visible and Verifiable
Bitget Chief Legal Officer Hon Ng has published an open letter on the occasion of the platform's 8th anniversary. As the platform continues to evolve toward a Universal Exchange (UEX), Bitget has further upgraded its Proof of Reserves (PoR) system, expanding the scope of verifiable assets from the original 4 cryptocurrencies to 19 major assets. Data shows that as of September 2026, Bitget has published 46 consecutive PoR reports. In the letter, Hon Ng noted, "Growth and responsibility have never been two separate things." As the platform's scale, asset categories, and market boundaries continue to expand, security, transparency, and compliance standards must also be upgraded in tandem. "Making trust visible and verifiable has always been an important cornerstone of Bitget's commitment to long-termism."On the security front, the account level covers 2FA, FIDO2, WebAuthn Passkeys, and anti-phishing codes, while the platform's security mechanisms integrate withdrawal protection, abnormal behavior detection, and anti-fraud systems, providing back-end safeguards for every user operation. The "Market Order and Token Responsibility Framework" launched this year further strengthened continuous monitoring and risk management of listed assets, project teams, and market makers. Through ongoing mechanism optimization and transparency initiatives, the platform continues to maintain a fair and orderly trading environment.On the compliance front, Bitget has obtained corresponding registrations, licenses, or regulatory approvals in multiple jurisdictions, including Argentina, Australia, New Zealand, Switzerland, and the United Kingdom, and continues to improve its compliance systems, including KYC, KYB, AML, CFT, and sanctions list screening, to adapt to the regulatory requirements of different markets and asset categories.
Grayscale: This Fed rate hike differs from the 2022 tightening cycle
Odaily reports: Digital asset management company Grayscale stated in an analysis published on September 17 that the latest Federal Reserve rate hike is closer to a "mid-cycle adjustment" rather than a major monetary policy shift.The Federal Open Market Committee raised the target rate range by 25 basis points to 3.75%–4% on September 16, stating that the hike aims to bring inflation back to the 2% target in a more timely manner. Grayscale believes that this rate hike, along with a possible second hike later this year, is unlikely to cause major changes in the digital asset market.Grayscale noted that from March 2022 to July 2023, the Federal Reserve raised rates by a cumulative 525 basis points, with sustained tightening increasing returns on cash and yield-bearing assets and raising the opportunity cost of holding Bitcoin; the current environment, by contrast, is a single rate hike following years of hikes, cuts, and holding steady.Grayscale stated that the impact of rate hikes will vary by crypto business model. Stablecoin issuers could benefit from increased interest income on reserve assets, and higher yields on tokenized bonds and money market funds could also attract capital inflows into on-chain financial products. On September 17, Bitcoin briefly rose above $77,000, with short position liquidations in the crypto market reaching nearly $260 million during the rebound. (Bitcoin.com News)
BTT Officially Listed on Binance US, Deposits Now Open
BitTorrent's native token BTT is now officially listed on Binance US, with deposits now open. The BTTC/USDT trading pair will officially commence trading at 7:00 AM Eastern Time on September 10. BTT is the native cryptocurrency of the BitTorrent protocol built on the TRON blockchain, primarily designed to incentivize the decentralized file-sharing ecosystem. Users can earn BTT by seeding, and can also utilize BTT to accelerate downloads, pay for decentralized AI compute and storage space, and across multiple other scenarios, creating a closed-loop value system. This listing on Binance US marks a further expansion of BTT's reach in the North American market and delivers a more convenient circulation and usage experience for global users.
ai16z founder Shaw: Pump.fun contract reverse engineering is not a simple replication, but a pursuit of byte-level consistency
ai16z founder Shaw further introduced the Pump.fun smart contract reverse engineering plan on X, stating that the goal is not to develop a contract with similar functionality, but to restore a version that is completely identical to the original contract at the byte level, including the vulnerabilities and flaws in the original code. He called on developers to participate in the reverse engineering with AI tools and continuously submit code contributions via GitHub.Shaw pointed out that closed-source smart contracts are detrimental to security audits, and stated that over the past year, fund losses caused by serious security vulnerabilities in closed-source contracts exceeded $40 million. He believes that promoting open-source contracts helps developers and AI discover and report potential vulnerabilities.In addition, Shaw also plans to use tokens previously repurchased with Meme coin fee revenue as bounty rewards, distributing them to contributors participating in the reverse engineering.Previously, ai16z founder Shaw posted on X stating that 90% of the Pump.fun contract reverse engineering work had been completed, with full completion expected that evening, and said, "Open source everything, or you will be forced to open source."
Yuga Labs Blockchain VP: NFT Theft Claims Portal Expected to Launch Within Hours, ETH and Other Token Donations Now Open
Yuga Labs Blockchain VP Quit posted on X that the NFT theft claims portal currently being built is expected to go live within the next few hours, and a dedicated address nftsaresafu.eth has been created to accept donations in ETH and other tokens.Quit stated that in addition to investing significant time, they paid approximately $7,500 in gas fees last night to handle related matters, and thanked the community for its support through channels such as X Money.Earlier reports indicated that NFT marketplace Magic Eden appears to have suffered an NFT security vulnerability, with white-hat hackers moving 3,832 NFTs from hundreds of wallets, worth approximately $1.5 million.
Data: Cases of hackers using open-source AI to implant malicious on-chain instructions increased by 440% in a year
Odaily reports: Blockchain analytics firm Chainalysis has released a report stating that hackers are increasingly leveraging open-source artificial intelligence (AI) to implant malware control instructions into on-chain transactions and smart contracts, with such cases surging approximately 440% in less than a year. Data shows that these incidents have risen from roughly 2 per day to approximately 11 per day. Attackers write malicious instructions on-chain to manipulate infected devices into stealing passwords and funds, and redirect assets to designated wallets; since on-chain records cannot be deleted, defense and interception are becoming increasingly difficult.The report notes that state-sponsored hackers from countries such as North Korea and Iran have become the primary drivers of such activity. Open-source models support local independent operation and modification, allowing them to directly bypass cloud-based defenses. However, the public and transparent nature of blockchain also leaves critical evidence for tracing attack infrastructure. (Bloomberg)
Bitcoin Red Team Founder Forced to Switch to Chinese Open-Source AI Models Due to OpenAI Access Restrictions
According to Cointelegraph, AnchorWatch CEO and Bitcoin Red Team founder Rob Hamilton stated that after integrating OpenAI Trust & Cyber capabilities into the Bitcoin Red Team's security research work, he faced access restrictions the next day and was forced to switch back to using Chinese open-source AI models to continue research. The Bitcoin Red Team has currently discovered 1,288 critical and high-risk vulnerabilities in the Bitcoin ecosystem, and research work significantly accelerated after the Coldcard hardware wallet was hacked (over $100 million in Bitcoin stolen). Hamilton commented on this: "Black-hat hackers face no restrictions, while white-hat researchers dedicated to reducing risk are excluded."
Cathie Wood: Open-Source AI Is Making OpenAI and Anthropic Richer
According to BeInCrypto, ARK Invest founder Cathie Wood recently expressed a view that overturns the market's traditional perception of open-source AI. She pointed out that the capabilities of open-source models such as Meta, Mistral, and DeepSeek are continuously enhancing, which instead expands the cybersecurity attack surface, forcing enterprises to continuously procure frontier AI as a defense layer, thereby driving revenue growth for OpenAI and Anthropic rather than harming them. Data from the UK AI Safety Institute shows that the cyber attack capabilities of open-source models have caught up to the level of frontier models from 4 to 7 months ago. Wood named OpenAI, Anthropic, and SpaceXAI as the three companies most likely to capture the bulk of AI model revenue; ARK currently holds positions in all three companies. Currently, Anthropic has already submitted an S-1 filing at a valuation of nearly $1 trillion, and OpenAI is expected to go public in September 2026.
One week after the NVIDIA-led AI Safety Alliance OSAA was established, it has already gathered over 120 companies.
According to TechCrunch, the Open Safety AI Alliance (OSAA), led by Nvidia, has exceeded 120 member companies just one week after its establishment, including tech and financial giants such as Adobe, BlackRock, Cisco, Intel, Microsoft, and Visa. During the Black Hat Cybersecurity Conference held in Las Vegas this week, the alliance established a working group named "Shared AI Findings Exchange" (SAFE) and has submitted multiple proposals open for public comment, managed by the Linux Foundation. The proposals cover confidential reporting mechanisms for AI cybersecurity incidents, alert processes for affected parties, and no-fault attribution analysis frameworks. Meanwhile, member companies are also actively contributing open-source technologies: Nvidia open-sourced the LLM vulnerability scanning tool Garak, Amazon contributed the agent building tool Strands Agents and authorization language Cedar, and Okta and Red Hat are advancing agent identity authentication and governance technologies respectively. Notably, Anthropic, OpenAI, and Google have not yet joined the alliance, although OpenAI and Google previously co-signed the open letter that spurred the creation of the alliance.
Solana Launches Polygon Open Money Stack
Solana posted on X that Solana has now integrated @0xPolygon's Open Money Stack. This integration connects banking rails, wallets, and swaps to Solana, enabling enterprises to onboard through a single integration.
Polygon Open Money Stack Adds Solana Support, Connecting the Full Fiat-to-Stablecoin Payment Workflow
According to an official announcement from Polygon, Polygon Open Money Stack (OMS) now supports Solana. Through this service, enterprises can make deposits via bank transfers, cards, cash, or cryptocurrency, convert fiat into crypto assets on Solana, and manage funds using custodial or embedded wallets.
Binance Wallet to Open Predict.fun Token PREDICT Prime Sale Pre-TGE Subscription Tomorrow at 16:00
Odaily — According to an official announcement from Binance Wallet, Binance Wallet will launch the Predict.fun (PREDICT) Prime Sale Pre-TGE event, with the subscription period running from 16:00 to 18:00 (UTC+8) on October 29.Eligible users must use Binance Alpha points to participate in the subscription. Specific Pre-TGE details and the event page will be announced separately via Binance Wallet's official X account.
ai16z founder Shaw: Pump.fun contract reverse engineering is not a simple replication, but a pursuit of byte-level consistency
ai16z founder Shaw further introduced the Pump.fun smart contract reverse engineering plan on X, stating that the goal is not to develop a contract with similar functionality, but to restore a version that is completely identical to the original contract at the byte level, including the vulnerabilities and flaws in the original code. He called on developers to participate in the reverse engineering with AI tools and continuously submit code contributions via GitHub.Shaw pointed out that closed-source smart contracts are detrimental to security audits, and stated that over the past year, fund losses caused by serious security vulnerabilities in closed-source contracts exceeded $40 million. He believes that promoting open-source contracts helps developers and AI discover and report potential vulnerabilities.In addition, Shaw also plans to use tokens previously repurchased with Meme coin fee revenue as bounty rewards, distributing them to contributors participating in the reverse engineering.Previously, ai16z founder Shaw posted on X stating that 90% of the Pump.fun contract reverse engineering work had been completed, with full completion expected that evening, and said, "Open source everything, or you will be forced to open source."
OKX Launches Exchange OS Open API, Enabling API Participation in "Prophet Season 3"
Odaily reports: According to official sources, OKX has now launched the Exchange OS Open API, providing on-chain spot and perpetual contract trading interfaces for developers and professional traders. Developers can connect trading bots, trading terminals, and other trading systems to Exchange OS, obtaining market data, managing orders, and executing on-chain trading strategies via the API. The trading process adopts a self-custody model, and all related trading records can be verified on-chain.In addition, this Open API release simultaneously supports "Prophet Season 3." During the public beta period, eligible users can use free XP through the API to participate in prediction trading and related leaderboard activities, competing for the corresponding prize pools while testing automated trading strategies.
ARK Invest Q3 DeFi Report: Tokenized Equity Trading Heats Up, Perpetual DEX Open Interest Up 76%
ARK Invest's Q3 2026 DeFi report shows tokenized equities became the main driver of the rebound in on-chain trading activity during the quarter. Spot DEX trading volume for tokenized equities reached approximately $50 billion, about 9x the previous quarter, with its share of total spot DEX trading volume rising from about 1% to about 9%. Overall DEX spot trading volume grew approximately 13% quarter-over-quarter to $571 billion, marking the first increase in nearly four quarters.Robinhood Chain achieved approximately $65 billion in DEX trading volume and $51 million in network revenue in its first quarter live, with network revenue approaching BNB Chain's level over the same period. ARK Invest expects recent gas mechanism adjustments to bring the chain's revenue down from current levels. Total stablecoin supply fell approximately 3% quarter-over-quarter to $309 billion, but adjusted transaction volume grew approximately 16% quarter-over-quarter to $781 billion, while average monthly active addresses increased approximately 39% to 73 million. Perpetual DEX open interest grew approximately 76% quarter-over-quarter to $24 billion, while quarterly trading volume fell approximately 16% to $1.4 trillion; of that, Hyperliquid accounted for approximately $13 billion in open interest, or about 53%.
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Deepgram Acquires Voice AI Infrastructure Developer Daily; Its Open-Source Framework Pipecat Will Remain Open
According to TechCrunch, voice AI company Deepgram has acquired Daily, the developer of the open-source voice AI infrastructure framework Pipecat. Both parties did not disclose the transaction amount and have committed to maintaining Pipecat as an open-source and vendor-neutral platform. Pipecat manages audio and video streams, integrating speech-to-text (STT), large language models (LLM), and text-to-speech (TTS) to minimize real-time interaction latency.
Solana Launches Polygon Open Money Stack
Solana posted on X that Solana has now integrated @0xPolygon's Open Money Stack. This integration connects banking rails, wallets, and swaps to Solana, enabling enterprises to onboard through a single integration.
Polygon Open Money Stack Adds Solana Support, Connecting the Full Fiat-to-Stablecoin Payment Workflow
According to an official announcement from Polygon, Polygon Open Money Stack (OMS) now supports Solana. Through this service, enterprises can make deposits via bank transfers, cards, cash, or cryptocurrency, convert fiat into crypto assets on Solana, and manage funds using custodial or embedded wallets.
Binance Wallet to Open Predict.fun Token PREDICT Prime Sale Pre-TGE Subscription Tomorrow at 16:00
Odaily — According to an official announcement from Binance Wallet, Binance Wallet will launch the Predict.fun (PREDICT) Prime Sale Pre-TGE event, with the subscription period running from 16:00 to 18:00 (UTC+8) on October 29.Eligible users must use Binance Alpha points to participate in the subscription. Specific Pre-TGE details and the event page will be announced separately via Binance Wallet's official X account.
Goldman Sachs: FOMC to Skip Rate Hike in October, December to Be Last
Goldman Sachs believes that the October Federal Open Market Committee (FOMC) meeting will skip a rate hike, with the second and final increase scheduled for December.
ai16z founder Shaw: Pump.fun contract reverse engineering is not a simple replication, but a pursuit of byte-level consistency
ai16z founder Shaw further introduced the Pump.fun smart contract reverse engineering plan on X, stating that the goal is not to develop a contract with similar functionality, but to restore a version that is completely identical to the original contract at the byte level, including the vulnerabilities and flaws in the original code. He called on developers to participate in the reverse engineering with AI tools and continuously submit code contributions via GitHub.Shaw pointed out that closed-source smart contracts are detrimental to security audits, and stated that over the past year, fund losses caused by serious security vulnerabilities in closed-source contracts exceeded $40 million. He believes that promoting open-source contracts helps developers and AI discover and report potential vulnerabilities.In addition, Shaw also plans to use tokens previously repurchased with Meme coin fee revenue as bounty rewards, distributing them to contributors participating in the reverse engineering.Previously, ai16z founder Shaw posted on X stating that 90% of the Pump.fun contract reverse engineering work had been completed, with full completion expected that evening, and said, "Open source everything, or you will be forced to open source."