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Project Overview
Phantom is a friendly crypto wallet that makes it safe and easy for users to store, buy, send, receive, swap tokens, and collect NFTs on the Solana blockchain.
Phantom Launches Prediction Market Service for U.S. Users, Says It Is "Confident and Reassured" on Regulatory Disputes
Odaily reports: Crypto wallet Phantom began rolling out Kalshi prediction market services to U.S. users on October 23, allowing users to trade event contracts directly within the app, with availability set to gradually expand over the coming weeks. Users must complete Kalshi's KYC verification and can fund trades through a Phantom Cash account using CASH, a U.S. dollar-pegged stablecoin. Due to lawsuits in various states, Phantom will temporarily restrict sports, election, political, and certain other category markets in some states.Kevin Jacobs, Phantom's general counsel, said the company believes the U.S. Commodity Futures Trading Commission (CFTC) has clear jurisdiction over such products and will comply with state restrictions during the litigation. (The Block)
Ferrari Tokenized Stock RACE Goes Live on Solana, Effective October 6
Odaily News: Ferrari NV tokenized stock RACE has launched on Solana through the Sunrise asset gateway, with Backpack Securities serving as the issuer, effective October 6. Each RACE token is backed 1:1 by one actual Ferrari share held in regulated custody, and holders can redeem it for traditional stock equity through Backpack Securities. The token is supported on trading venues including Phantom, Jupiter, and Raydium, offering 24/7 trading and eligibility for dividends and corporate actions; Backpack plans to expand its tokenized stock tickers on Solana from approximately 200 to 10,000.
Hyperliquid and Phantom Submit Comment Letter, Arguing Protocol Developers Should Not Be Treated as Financial Intermediaries
Odaily News: The Hyperliquid Policy Center and wallet developer Phantom have submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), arguing that developing on-chain infrastructure protocols and code is not equivalent to providing regulated financial services, and that protocol developers should not be regarded as financial intermediaries.The comment letter states that self-custodial, code-based on-chain markets require a modern regulatory framework, and recommends providing regulatory clarity, promoting the reshoring of innovation to the United States under CFTC oversight, and preserving users' ability to self-custody their assets.
Phantom: Some users are experiencing performance degradation with send and swap functions; the team is urgently investigating.
According to official sources, Phantom stated that some user wallets encountered performance degradation issues during send and swap operations. The team is investigating and working to resolve the issue as soon as possible. Further updates will be provided once more information is available.
Phantom Wallet Transfer and Swap Features Experiencing Issues
some Phantom wallet users are currently experiencing performance degradation when using transfer and swap functions. The team is investigating the issue and will provide timely updates on progress.
Hyperliquid and Phantom Jointly Urge CFTC to Update DeFi Regulatory Rules
Hyperliquid and non-custodial wallet Phantom have jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), calling for updates to regulatory rules for on-chain trading infrastructure. The two parties argue that current CFTC rules were designed for the traditional financial system, which relies on centralized intermediaries, and are not applicable to DeFi. They suggest clarifying that developing software for on-chain trading protocols does not require registration as an exchange or clearing agency, and that non-custodial wallet front-ends should not need to register as introducing brokers. They also propose allowing regulated institutions to use blockchain for trading and clearing operations. Previously, the CFTC and the U.S. SEC jointly released a request for comment in June, seeking industry input on regulatory rules affecting financial innovation. (The Block)
Zerohash launches AUTH transfer service, enabling users to move crypto assets without copying wallet addresses.
According to CoinDesk, crypto infrastructure provider Zerohash has launched its AUTH service at the Money20/20 conference held in Las Vegas. When transferring crypto assets between linked exchange accounts and self-custody wallets, users no longer need to copy wallet addresses or select blockchain networks. The service supports cryptocurrencies, stablecoins, and on-chain securities such as tokenized stocks, and can connect to more than 600 accounts and wallets, including Coinbase, Robinhood, Gemini, MetaMask, and Phantom, while Kraken remains in beta testing. Ryan Bordery, General Manager of AUTH, previously served as Executive Vice President of Open Finance Global Products and Operations at Mastercard.
Ferrari Tokenized Stock RACE Goes Live on Solana, Effective October 6
Odaily News: Ferrari NV tokenized stock RACE has launched on Solana through the Sunrise asset gateway, with Backpack Securities serving as the issuer, effective October 6. Each RACE token is backed 1:1 by one actual Ferrari share held in regulated custody, and holders can redeem it for traditional stock equity through Backpack Securities. The token is supported on trading venues including Phantom, Jupiter, and Raydium, offering 24/7 trading and eligibility for dividends and corporate actions; Backpack plans to expand its tokenized stock tickers on Solana from approximately 200 to 10,000.
Data: FOMO generates $320,000 in fees over 7 days, ranking second on Hyperliquid Builder behind Phantom
DeFi researcher Ignas posted that FOMO generated approximately $320,000 in fees over the past 7 days through the Hyperliquid Builder integration, ranking second behind Phantom. Ignas said this fully demonstrates FOMO's adoption among retail users, and noted that he had not previously promoted a FOMO referral link.
ARB debuts on Solana via Sunrise, tradable on multiple applications
Sunrise has announced that Arbitrum's token, ARB, is now live on Solana through Sunrise and can be traded on applications such as Phantom, Solflare, Jupiter, fomo, Archer, DFlow, Titan, Kamino Swap, and Mayan.
Phantom announced it will discontinue support for the Sui network on September 24, 2026.
Phantom has announced it will discontinue support for the Sui network on September 24, 2026. After this date, users will no longer be able to view, send, swap, or manage Sui assets within Phantom; however, the assets will not be lost and will remain on the Sui blockchain. Prior to the transition date, users can swap their Sui assets for assets supported by Phantom. Phantom will waive the platform fee for cross-chain conversions of native SUI to wrapped SUI on the Solana network, though network and exchange fees still apply; alternatively, users can import their wallet mnemonic into other wallets that support Sui.
Hyperliquid developer code integration revenue has reached $90 million, with MetaMask and others joining
Hyperliquid has become a decentralized exchange used by many traders for perpetual contract trading. Its Ethereum-compatible module, HyperEVM, directly connects to the self-developed HyperCore blockchain, allowing applications such as wallets and exchanges to provide services like perpetual contract trading based on its shared liquidity. Currently, hundreds of developers are deploying or integrating through Hyperliquid's builder codes system, including MetaMask, Phantom wallet, and South African exchange VALR. Data from Flowscan shows that related developers have generated approximately $90 million in revenue so far. Since October 2025, MetaMask has offered users self-custodial perpetual contract access within the wallet and charges a 0.1% builder fee. VALR CEO Farzam Ehsani stated that the exchange previously built its own perpetual contract infrastructure but chose to integrate Hyperliquid's order book due to insufficient liquidity and trading volume.
Related news
Phantom Enables US Users to Access Kalshi Prediction Market, Some States Will Restrict Certain Trading Categories
Crypto wallet Phantom is opening Kalshi prediction markets to US users, allowing them to trade event contracts directly within the Phantom app. The feature will begin rolling out on October 23 and will be gradually expanded over the coming weeks. Users must first complete Kalshi's KYC.
Phantom Launches Prediction Market Service for U.S. Users, Says It Is "Confident and Reassured" on Regulatory Disputes
Odaily reports: Crypto wallet Phantom began rolling out Kalshi prediction market services to U.S. users on October 23, allowing users to trade event contracts directly within the app, with availability set to gradually expand over the coming weeks. Users must complete Kalshi's KYC verification and can fund trades through a Phantom Cash account using CASH, a U.S. dollar-pegged stablecoin. Due to lawsuits in various states, Phantom will temporarily restrict sports, election, political, and certain other category markets in some states.Kevin Jacobs, Phantom's general counsel, said the company believes the U.S. Commodity Futures Trading Commission (CFTC) has clear jurisdiction over such products and will comply with state restrictions during the litigation. (The Block)
Zerohash launches AUTH transfer service, enabling users to move crypto assets without copying wallet addresses.
According to CoinDesk, crypto infrastructure provider Zerohash has launched its AUTH service at the Money20/20 conference held in Las Vegas. When transferring crypto assets between linked exchange accounts and self-custody wallets, users no longer need to copy wallet addresses or select blockchain networks. The service supports cryptocurrencies, stablecoins, and on-chain securities such as tokenized stocks, and can connect to more than 600 accounts and wallets, including Coinbase, Robinhood, Gemini, MetaMask, and Phantom, while Kraken remains in beta testing. Ryan Bordery, General Manager of AUTH, previously served as Executive Vice President of Open Finance Global Products and Operations at Mastercard.
400,000 retail traders accessed Hyperliquid through third-party apps, incurring cumulative losses of $280 million, with app fees exceeding trading losses
Odaily Report: 6thManVentures investor Mike Dudas posted on X, citing Hyperdash data, stating that 400,000 retail traders who accessed Hyperliquid through third-party apps (Phantom, MetaMask, fomo, etc.) incurred cumulative losses of $280 million, with losses from app fees exceeding trading losses. Moreover, most retail traders stopped trading after incurring losses, resulting in extremely low user retention rates.
Ferrari Tokenized Stock RACE Goes Live on Solana, Effective October 6
Odaily News: Ferrari NV tokenized stock RACE has launched on Solana through the Sunrise asset gateway, with Backpack Securities serving as the issuer, effective October 6. Each RACE token is backed 1:1 by one actual Ferrari share held in regulated custody, and holders can redeem it for traditional stock equity through Backpack Securities. The token is supported on trading venues including Phantom, Jupiter, and Raydium, offering 24/7 trading and eligibility for dividends and corporate actions; Backpack plans to expand its tokenized stock tickers on Solana from approximately 200 to 10,000.
Hyperliquid and Phantom Submit Comment Letter, Arguing Protocol Developers Should Not Be Treated as Financial Intermediaries
Odaily News: The Hyperliquid Policy Center and wallet developer Phantom have submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), arguing that developing on-chain infrastructure protocols and code is not equivalent to providing regulated financial services, and that protocol developers should not be regarded as financial intermediaries.The comment letter states that self-custodial, code-based on-chain markets require a modern regulatory framework, and recommends providing regulatory clarity, promoting the reshoring of innovation to the United States under CFTC oversight, and preserving users' ability to self-custody their assets.