News linked to both this project and an event.
Binance announced that it will support the migration of the USDT token contract on the Optimism network. The platform will suspend deposits and withdrawals for USDT on the Optimism network at 10:00 UTC+8 on September 17, 2026, and will announce the resumption time separately upon completion of the migration.
Odaily News: According to an official announcement, Binance will suspend deposits and withdrawals of USDT tokens on the Optimism network at 02:00 (UTC) on September 17, 2026, to support its contract swap. The swap ratio is 1:1, with the new token being USDT0, and the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services will not be affected.
Odaily News DeFi risk management protocol Cozy Finance is currently facing an ongoing attack on its Optimism deployment, with attackers having stolen approximately $170,000 in assets so far. Blockaid has subsequently released preliminary attack information and flagged the attacking transactions along with related attacker addresses. Multiple attacker addresses have now been confirmed, along with a token address suspected to have been exploited in the attack. It remains unclear whether the attack is still ongoing, and users should exercise caution when interacting with contracts associated with Cozy Finance.
According to The Defiant, Aave V4 user deposits reached a new high of $806 million, with a 30% increase over the past seven days. Of these, the Ethereum Core market holds $378 million in deposits, EtherFi Cash (deployed on Optimism) ranks second with $257 million, while Ethereum Global Dollar and Ethereum Prime contributed $75 million and $63 million respectively. The primary deposit assets are weETH ($97 million), USDG ($90 million), and WETH/USDC ($81 million each). V4's current active loan volume stands at $216 million, including $62 million in loans from the EtherFi market, with the utilization rate for borrowing WETH against weETH collateral reaching as high as 92%. In comparison, Aave V3's deposit scale remains at $31 billion, far exceeding V4.
Odaily News: As of August, cumulative top-ups on USDC- and USDT-linked stablecoin cards have reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances toward everyday consumer use cases.USDC currently leads in tracked card spending, while USDT is accelerating its catch-up. The two follow different adoption paths: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active across exchanges, remittances, and emerging markets.On-chain settlement also reflects a multi-chain distribution, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar are also carrying significant activity.Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, shifting the competitive focus toward custody, FX costs, cashback, and capital efficiency. Meanwhile, Circle has renewed its USDC partnership with Coinbase under the original terms, excluding any dividend arrangements. (Bitcoin.com News)
an Optimism community governance proposal has been passed, reallocating 546.9 million OP tokens originally intended for user airdrops to the "Strategic Ecosystem Fund" managed by the Optimism Foundation, sparking discussions within the community over governance transparency and user rights.The OP tokens involved in this proposal account for approximately 12.7% of the total supply, valued at around $49.7 million at current prices. The Optimism Foundation stated that as the ecosystem strategy shifts toward institutional adoption and enterprise partnerships, large-scale user airdrops no longer fully align with the current development direction, and unused tokens can be deployed for ecosystem incentives, partnership building, and enterprise-level project expansion.The vote ultimately passed with 17.974 million OP in favor and 10.931 million OP against. The pivotal turning point came 16 minutes and 52 seconds before the vote closed, when Test in Prod (delegate.testinprod-io.eth), the core development team of the Optimism ecosystem, cast 8.486 million OP in support, raising the approval ratio from 45.77% to 61.84% and ultimately pushing the proposal through.Excluding Test in Prod's vote, the proposal's support rate would stand at only 46.47%, failing to pass, and the relevant tokens would likely have remained in the user allocation pool. The Optimism Foundation previously committed to disclosing the cumulative usage of the fund and related outcomes through annual budget reports. This vote has also reignited discussions about the influence of "large delegated voting power" in DAO governance and the balance of token holder rights. (CoinDesk)
Odaily News: Coinbase has announced that it will stop supporting USDC deposits and withdrawals on the Noble network as of August 17. USDC deposits and withdrawals on other supported networks, including Ethereum, Base, Solana, Arbitrum, Optimism, and Polygon, remain unaffected. Coinbase reminds users not to transfer funds to its Noble network USDC deposit address after August 17, as such funds may be irretrievable.
Odaily News: ether.fi announced that EtherFi Cash's existing lending infrastructure can no longer meet development demands. It is currently deploying a dedicated Aave V4 instance on the Optimism chain to support its credit card backend. EtherFi Cash currently has $22 million in active borrowings, and its lending capacity is expected to reach $500 million by 2027. Already, 70,000 cardholders are using cryptocurrency for spending without needing to sell their crypto holdings.
Decentralized finance platform Ether.fi announced that its self-custody app has added trading for tokenized stocks, metals, and crypto assets, along with the ability to borrow against multiple holdings as collateral. Users can lend assets or borrow against a portfolio through the integrated Aave market on Optimism, allowing them to transfer or spend borrowed funds without selling their positions. Ether.fi stated that its fiat accounts support global deposits and withdrawals across more than 30 currencies and payment methods. However, tokenized stock and metal trading is not available to users in the United States and certain other markets. Fiat accounts are only open to users who have completed payment card identity verification, and deposit and withdrawal speeds may vary. Ether.fi will also introduce automatic ETHFI buybacks and offer 3% cashback on card spending. Ether.fi founder and CEO Mike Silagadze said that initial support will cover Ethereum, Bitcoin, Hyperliquid, ETHFI, and select tokenized stocks and gold, with additional collateral assets to be added later. (Decrypt)
Odaily News: According to market sources, the Optimism Foundation has announced its OP supply plan, projecting the addition of 343 million tokens over the next year,
Ethereum Layer 2 infrastructure Optimism has officially announced a tripartite strategic collaboration, joining forces with Upbit operator Dunamu, fintech platform Toss, and DB Securities to comprehensively expand into the Korean market. On the cooperation front with Dunamu, both parties will upgrade the GIWA public chain based on the OP Stack and promote its global development. A three-month technical verification will be conducted with Toss to build a compliant Korean won digital financial infrastructure. Optimism and DB Securities are focusing on the STO and RWA sectors, planning to transform Jeju Island's smart agriculture, livestock assets, and Korean intellectual property into tokenized securities and real-world asset products. This will facilitate the phased on-chain commercialization of local physical assets, with the entire cooperation framework tailored to align with Korea's financial regulatory framework.
according to an official announcement, Coinbase will discontinue cbETH deposit and withdrawal support on the Arbitrum, Optimism, and Polygon networks on August 17, 2026. cbETH will remain fully available on the Ethereum and Base networks.
Economist and gold advocate Peter Schiff stated in his latest commentary that the market widely believes it is "almost impossible" for Bitcoin to drop to $20,000, but this judgment lacks a solid basis.Schiff pointed out that Bitcoin fell below the $20,000 level approximately 3.5 years ago, a period not so distant that a return to this price range can be ruled out. Significant retracements of assets within relatively short cycles are not uncommon in financial markets. He further noted that due to Bitcoin's higher volatility compared to most stocks, a pullback of similar magnitude under changes in macro or liquidity conditions is "entirely reasonable," and the market should not underestimate the downside risk.
Ink, an Ethereum Layer 2 network incubated by Kraken, has reached a multi-year infrastructure agreement with Optimism, upgrading to OP Enterprise Fully Managed.Under the agreement, Optimism will be responsible for running Ink's production infrastructure, while the Ink Foundation will focus on ecosystem growth and new financial products. Additionally, Ink will serve as a deep design partner for OP Enterprise, jointly advancing roadmap plans including programmable block construction, one-day Ethereum withdrawals, and sequencer-level compliance tools.Currently, applications built on the Ink network generate nearly $40 million in annual revenue. This partnership makes Ink another exchange-related blockchain network to join the fully managed layer service, following Bitpanda's Vision Chain. (The Block)
According to the mid-year crypto market report released by 21Shares, after Bitcoin peaks at approximately $126,000 in October 2025, the base target price for the end of 2026 is set at $100,000.The report shows that as of May 2026, the global crypto ETP assets under management stood at approximately $140 billion, with total holdings of 1.25 million BTC. Furthermore, prediction market trading volume reached $57.5 billion by the end of May; total value locked in DeFi remained around $140 billion; within the Ethereum Layer 2 ecosystem, Base, Arbitrum, and Optimism accounted for approximately 83% of total DeFi TVL; and the total value of tokenized assets on public blockchains reached $31 billion, including $15 billion in tokenized U.S. Treasury bonds. (The Block)
Curve Finance has announced the official launch of its lending product, LlamaLend V2, on the Ethereum Layer 2 network Optimism. Users can borrow, lend, or perform leveraged looping in isolated markets based on the Curve LLAMMA mechanism. It is reported that this upgrade will open new markets and distribute OP rewards to eligible users via Merkl.
Odaily报道: Satori Finance, a multi-chain decentralized exchange backed by investors including Polychain Capital and Coinbase Ventures, has announced it will cease operations and begin the closure process. The platform stated that due to "prolonged unfavorable market conditions," its revenue is insufficient to support continued operations, leading to the decision to gradually wind down. Users must withdraw their assets before 23:59 UTC on July 16, after which the platform will no longer be accessible.In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures and Jump Crypto. The platform was deployed across multiple networks including Arbitrum, Optimism, and BNB Chain, and initially featured 25x leverage and an "points mining" incentive model. (The Block)
Odaily News, According to an official announcement, Binance Wallet has launched the Web3 API, a comprehensive set of API endpoints that allows developers, institutions, and advanced on-chain traders to programmatically access on-chain trading and market data through a single integration. The API supports multiple chains (including Ethereum, BNB Smart Chain, Plasma, Arbitrum, Polygon, Base, Monad, Optimism, Linea, and Solana), providing real-time market data, aggregated swap quotes, and on-chain transaction execution capabilities. Key features include: Market Data API (real-time token prices, candlestick/K-line data), Transaction API (aggregated quotes, token swaps, built-in MEV protection), Non-Custodial Architecture (no private key holding, local user signing), and Enterprise-Grade Reliability. Currently, there are zero service fees and zero positive slippage fees; all price improvements are returned to the user. This API is suitable for developers building DApps, on-chain trading bots, and AI agents.
Squid, a cross-chain infrastructure platform, has announced the integration of RLUSD, the stablecoin issued by Ripple. Users can now swap into or out of RLUSD in a single transaction across different blockchains and digital assets.Through this integration, RLUSD will gain access to over 100 blockchains and more than 20,000 tokens supported by Squid. Users can directly exchange assets such as USDC, USDT, ETH, and XRP for RLUSD without needing to manually bridge chains, wrap tokens, or execute multiple transactions.RLUSD is natively issued on the XRP Ledger and Ethereum, and has been extended to Ethereum Layer 2 networks such as the XRPL EVM Sidechain, Optimism, Base, Ink, and Unichain via Wormhole's Native Token Transfer standard. Squid's routing layer sits atop these underlying transfer mechanisms, allowing users to utilize RLUSD irrespective of the specific issuance chain.Squid states that its intent-based routing system, which uses market makers to fulfill orders with liquidity on the destination chain, can settle transactions within seconds and is compatible with various cross-chain messaging and issuance standards. Beyond end-users, developers can also integrate RLUSD through Squid's tools for applications including cross-chain payments, treasury management, user onboarding, and DeFi.
Curve Finance has launched its lending protocol Llamalend v2 on Optimism as the first phase of a major upgrade, with plans to deploy it on the Ethereum mainnet in the second half of 2026. The new version removes the restriction of only supporting crvUSD, allowing nearly any combination of collateral and lending assets, and introduces LlamaRisk to handle collateral assessment and market management. Users can stake Curve LP tokens as collateral, borrowing funds while retaining market-making exposure, thereby improving capital efficiency. (The Block)