Weekly Preview | Aster Launches Phase 2 Airdrop; US SEC May Decision on XRP and Solana ETF Proposals

  • Aster Phase 2 Airdrop opens on October 14, allowing users to claim tokens or receive a full refund of transaction fees.
  • US SEC decisions on Solana ETF proposals (Bitwise, 21Shares) are postponed to October 16, and a ruling on Grayscale's XRP ETF is due by October 18.
  • CME Group plans to launch Solana (SOL) and Ripple (XRP) futures options on October 13, providing institutional investors with more flexibility.
  • Morgan Stanley will remove eligibility restrictions for wealth management clients holding crypto funds starting October 15, expanding access to Bitcoin funds from BlackRock and Fidelity.
  • Key token unlocks include Cheelee (CHEEL) on October 13, Starknet (STRK) and Sei (SEI) on October 15, Arbitrum (ARB) on October 16, and deBridge (DBR) on October 17.
  • Japan's new Prime Minister, Sanae Takaichi, takes office on October 15, potentially promoting crypto-friendly policies and blockchain regulation.
  • Binance Alpha will list Yei Finance (CLO) and Enso (ENSO) on October 14, while Coinbase tests a $5,000 limit for crypto debit card users from the same date.
  • BNB Chain Wallet browser extension will be deactivated on October 15, urging users to transition to alternative wallets.
  • Ethereum's Sepolia testnet upgrade is scheduled for October 14, with developers outlining key changes for the subsequent Glamsterdam upgrade.
  • US SEC Crypto Task Force holds a roundtable on financial regulation and privacy on October 17, focusing on digital asset policies.
Summary

Important news:

  • Bitcoin-first protocol Portal to Bitcoin will launch on mainnet on October 13th
  • CME Group plans to launch Solana (SOL) and Ripple (XRP) futures options on October 13
  • Aster's second phase of airdrops will open on October 14th
  • Morgan Stanley will remove eligibility restrictions for wealth management clients holding crypto funds starting October 15
  • The US SEC has postponed its decision on Bitwise and 21Shares’ Solana ETF proposal until October 16.
  • The US SEC has until October 18 to decide on Grayscale's XRP ETF.

October 13

Exchange:

CME Group plans to launch SOL and XRP futures options on October 13

CME Group plans to launch options on Solana (SOL) and Ripple (XRP) futures on October 13, pending regulatory review. CME said Wednesday that the new contracts will include standard and micro options on Solana (SOL) and XRP futures, with daily, monthly, and quarterly expiration dates. The new options are intended to give institutional investors and active traders greater flexibility in managing their risk exposure to the two cryptocurrencies. Giovanni Vicioso, CME's global head of cryptocurrency products, said the planned options launch is due to the "significant growth and increasing liquidity" of the exchange's Solana and XRP futures.

Bithumb and other Korean DAXA members plan to delist SLF tokens on October 13th

South Korean cryptocurrency exchange Bithumb announced that members of the Korea Digital Asset Exchange Association (DAXA) plan to terminate trading support for Self Chain (SLF). Bithumb expects to terminate trading support for SLF on October 13 and withdrawal support for SLF on November 13.

Project News:

Portal to Bitcoin announces mainnet launch date as October 13th

Bitcoin-first protocol Portal to Bitcoin announced on the X platform that its mainnet launch date is October 13, 2025. Earlier in August, news broke that Portal to Bitcoin had secured $50 million in new funding led by Paloma Investments, bringing the project's total funding to $92 million.

Token unlocking:

Cheelee (CHEEL) will unlock approximately 20.81 million tokens at 8:00 AM Beijing time on October 13th, accounting for 3.04% of the current circulating supply and valued at approximately US$22.4 million.

October 14

Exchange:

Binance Alpha to List Yei Finance (CLO) and Enso (ENSO) on October 14th

Binance Alpha will list Yei Finance (CLO) and Enso (ENSO) on October 14th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens. Detailed details will be announced later.

Binance Leverage will adjust the BNSOL and WBETH price index components on October 14th

Binance announced on October 6th that it will adjust the price source for WBETH/ETH and BNSOL/SOL on its Margin trading platform, switching from Binance spot prices to the exchange rate between Binance ETH staking and Solana staking, effective October 14, 2025, at 4:00 PM (UTC). This will mitigate the risk of decoupling. Binance Margin will also adjust the composition of the BNSOL and WBETH price indices: BNSOL's weighting will increase from 30% spot price to 100% based on the Binance Solana staking exchange rate; WBETH's weighting will increase from 20% spot price to 100% based on the Binance ETH staking exchange rate.

Coinbase to test $5,000 limit for crypto debit card users starting October 14

Coinbase CEO Brian Armstrong announced on the X platform that the company will begin testing a $5,000 limit for all crypto debit card customers starting October 14. The company plans to deploy tiered transaction limits of up to $10,000 (and possibly $100,000) for low-risk users by the middle of next year.

It is reported that the Coinbase crypto debit card currently has a limit of US$2,500. Some users reported that the limit was insufficient. Brian Armstrong then collected community opinions and made the above update.

Binance Futures will launch CLOUSDT perpetual contracts at 7:30 PM on October 14th.

Binance Futures will launch CLOUSDT perpetual contracts on October 14th at 7:30 PM (ET), with up to 50x leverage.

Bybit will delist the DUCK U contract at 17:00 on October 14th.

Bybit announced that it will delist the DUCKUSDT contract at 17:00 on October 14. Users are required to close their positions in the DUCKUSDT contract and cancel any outstanding orders as soon as possible.

Project News:

Aster's new Phase 2 airdrop checker is now live, and the airdrop will open on October 14th

Aster announced on the X platform that the new Aster Phase 2 airdrop query tool is now live. Users can still choose to claim the airdrop or receive a full refund of their S2 transaction fees. Users can change their selection at any time before the deadline. The timeline is as follows:

  • Deadline for claiming option selection: October 13, 20:00 UTC+8;
  • $ASTER airdrop redemption time: October 14, 20:00 UTC+8;
  • Transaction Fee Refund: After the redemption period is open, please complete the refund before 07:59 UTC+8 on October 16th

Multi-chain transaction infrastructure LAB will hold a token generation event on October 14

Multi-chain trading infrastructure LAB announced that it will hold a token generation event (TGE) on October 14. The project reportedly secured $5 million in funding from investors including Selini Capital, Re7 Capital, Cypher Capital, RedBeard VC, Lemniscap, TVM Ventures, OKX Ventures, Mirana, KuCoin Ventures, Gate Ventures, GSR, Animoca Brands, Presto Labs, MEXC Ventures, and Amber Group.

The 0G Foundation has opened the second phase of airdrop registration. Users who encounter problems during this phase can file a complaint before October 14th.

The 0G Foundation announced on the X platform that registration for the second phase of the airdrop has officially opened. Testnet contributors do not need to undergo KYC. As the 0G team reviews appeals from testnet node operators and finalizes the on-chain airdrop data, airdrops will be automatically distributed to their wallets. For community participants, the second phase will allow users who were unable to complete KYC registration during the first phase to register. It will also allow users who were mistakenly omitted from the first phase, selected Discord roles, or are active Kaito users to verify their eligibility. For users who continue to encounter issues during this phase, a new appeal form will be released next week. Appeals close at 12:00 UTC+0 on Tuesday, October 14th.

Monad: Airdrop claim portal will open on October 14th

Layer 1 blockchain Monad announced on the X platform that the Monad airdrop redemption portal will open on Tuesday, October 14th.

222nd Ethereum ACDE Meeting: Sepolia Upgrade Scheduled for October 14th

Minutes from the 222nd Ethereum Core Developers Executive (ACDE) meeting, summarized by Christine Kim, indicate that developers have initiated a shadow fork of the Sepolia testnet in preparation for the Fusaka upgrade, which remains scheduled for October 14th. The meeting focused on the subsequent upgrade proposal, codenamed Glamsterdam, the next major network upgrade after Fusaka. For Glamsterdam, developers have outlined three key changes: 1. Block-level access lists (EIP 7928), whose multi-client testnet is expected to launch next week; 2. Gas pricing reform, including a storage tax mechanism (EIP 8032) designed to curb state growth through dynamic pricing; and 3. New opcodes (EIP 7791) enabling direct conversion of gas to ETH. The meeting also confirmed the deadline for Glamsterdam proposals: one week after the Fusaka mainnet date is set. The Holesky testnet is confirmed to be deprecated at the end of this month.

October 15

Policy supervision:

Japan's new prime minister will take office on October 15th. Market analysis suggests he may promote the crypto economy and improve blockchain regulations.

Japan's newly elected Prime Minister, Sanae Takaichi, is expected to introduce more sophisticated regulatory policies to boost the cryptocurrency economy, potentially making Japan a global hub for cryptocurrency companies. She was elected leader of the Liberal Democratic Party on Saturday and will become Japan's first female prime minister when she takes office on October 15.

Experts say that under her leadership, Japan may be more open to experimenting with technologies like blockchain while maintaining strict regulation. Brickken's general counsel stated that her election could have a significant impact on the understanding and management of digital assets. She supports "technological sovereignty," and the government is expected to actively promote the development of the digital economy, strengthening Japan's commitment to legal certainty in the cryptocurrency sector, which has attracted widespread attention. Furthermore, the Sanae Takaichi administration may lead the Japanese Financial Services Agency to clarify its classification of tokens. Currently, the agency categorizes tokens as payment tokens, securities, and utility tokens, each with distinct regulatory requirements.

Project News:

Morgan Stanley will remove eligibility restrictions for wealth management clients holding crypto funds starting October 15

Morgan Stanley has informed its financial advisors that it is expanding cryptocurrency investment access to all clients and allowing such investments in any account type, including retirement accounts. Starting October 15th, financial advisors will be able to recommend cryptocurrency funds to any client. Previously, this option was limited to clients with a higher risk tolerance and at least $1.5 million in assets who wanted to invest in cryptocurrency in their taxable brokerage accounts.

With Morgan Stanley removing eligibility requirements for cryptocurrency funds, the firm will rely on automated monitoring processes to ensure clients are not overly concentrated in this volatile asset class, according to people familiar with the matter. The bank's global investment committee recently released a model that recommends setting an initial allocation of up to 4% to cryptocurrencies based on different goals, ranging from "wealth preservation" to "opportunistic growth." People familiar with the matter said that for now, financial advisors are still limited to recommending Bitcoin funds from BlackRock and Fidelity, but Morgan Stanley is monitoring industry trends and considering adding other cryptocurrencies to these products. They added that clients can also request to invest in any listed cryptocurrency exchange-traded product.

The BNB Chain Wallet browser extension will be officially deactivated on October 15th.

The BNB Chain Wallet (BEW) browser extension will officially be deprecated on October 15, 2025. This means BEW will be removed from the extension store on that date. User funds remain safe. Existing users may still be able to access BEW, but do so entirely at their own risk. For a smooth transition, BEW users should: 1. Safely back up their seed phrase/private key; 2. Uninstall BEW after saving their recovery information; 3. Select a new wallet for future use. Users who already have BEW installed may still have access.

Kinto announced its closure and initiated orderly liquidation. ERA airdrop is expected to be distributed on October 15.

Kinto lost 577 ETH in July due to a CPIMP proxy exploit on Arbitrum's $K token . This led to increased funding and debt pressures, and the team has not received any compensation since July. The project has therefore decided to shut down. All remaining assets (approximately $800,000 USD) will be used to repay Phoenix lenders, with an estimated 76% principal recovery. The founder will personally donate $55,000 USD, and victims will receive up to $1,100 USD per address and can participate in future fund recovery through the CVR protocol. The Kinto wallet and asset withdrawals will be available until September 30th, and the ERA airdrop is scheduled for October 15th.

Reservoir will stop NFT and API services on October 15th and will focus on Relay Protocol in the future

Its NFT trading infrastructure and API services will officially terminate on October 15, 2025. New account registrations are currently suspended, but existing users can continue to use it until the end of service. To assist with migration, Reservoir has partnered with 0xSequence and Alchemy to provide alternative solutions and has released the full code for developer reference. Going forward, the team will focus on the Relay Protocol to enhance cross-chain token and NFT trading experiences.

Plume to close RWA Bridge application process on October 15

Plume, the full-stack RWAfi blockchain and ecosystem, is accepting applications for its RWA Bridge program, with a deadline of October 15th. The program aims to connect risk assets like real estate, private credit, and bonds to the Plume network. Selected projects will receive access to Plume's incentive pool, technical and compliance support, ecosystem exposure, and financing.

Token unlocking:

Connex (CONX) will unlock approximately 2.32 million tokens at 8:00 AM Beijing time on October 15th, representing 3.00% of the current circulating supply and valued at approximately US$32 million.

Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing time on October 15th, accounting for 5.64% of the current circulating supply and valued at approximately US$14.4 million.

Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 PM Beijing time on October 15th, accounting for 1.15% of the current circulating supply and worth approximately US$11.5 million.

October 16

Policy supervision:

The US SEC has postponed the application decision of Bitwise and 21Shares’ Solana ETF proposal to October 16.

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on whether to approve the Solana exchange-traded fund (ETF) proposal. The SEC stated in a filing that the next deadline for the Bitwise Solana ETF and the 21Shares Core Solana ETF is October 16th. Both filings stated: “The Commission believes that a longer period for issuing an order approving or disapproving the proposed rule change is appropriate to allow the Commission ample time to consider the proposed rule change and the issues raised therein.”

The SOL ETF proposal is making progress as various companies amended their filings last month to seek SEC approval. Proshares, Grayscale, Canary, 21Shares and others are awaiting SEC approval.

Token unlocking:

Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 PM Beijing time on October 16th, accounting for 1.99% of the current circulating supply and valued at approximately US$28.4 million.

October 17

Policy supervision:

The U.S. SEC Crypto Task Force will hold a roundtable on financial regulation and privacy on October 17.

The U.S. SEC's Crypto Task Force will host a public roundtable discussion on financial surveillance and privacy at its Washington, D.C., headquarters on October 17th. The event will feature experts in privacy technology and focus on digital asset regulation and personal data security policies. Registration is required for the in-person event, which will be livestreamed online. The SEC stated that understanding the development of privacy tools will inform crypto policy and promote U.S. leadership in fintech.

The U.S. Treasury Department is soliciting opinions on innovative stablecoin regulations for the GENIUS Act, with submissions due on October 17.

In accordance with the GENIUS Act, the U.S. Treasury Department is publicly soliciting financial institutions to submit innovative approaches to detecting illicit digital asset activity, including APIs, artificial intelligence, digital identity verification, and blockchain monitoring. The public is required to submit comments by October 17 (within 60 days), and their submissions will be used to evaluate the tools' effectiveness, cost, privacy, and cybersecurity.

Exchange:

DAXA has designated Label AI (LBL) and ClaySwap (KSP) as trading alert projects, and plans to issue a new notice on October 17th.

Bithumb announced that Label AI (LBL) and ClaySwap (KSP) have been designated as trading warning projects by members of the Korea Digital Asset Exchange Association (DAXA). The reason for the warning is that the issuers or operators of the virtual assets failed to disclose material information that could significantly impact their value. Furthermore, after a comprehensive review of the actual progress of the virtual asset-related businesses, DAXA determined that they contained numerous deficiencies. DAXA expects to issue a notice regarding the extension, cancellation, or termination of trading support in the third week of October (October 13-17).

Project News:

Galaxy plans to raise $460 million to advance its Texas AI data center renovation; the transaction is expected to close on October 17.

Galaxy Digital completed a private placement at $36 per share, issuing approximately 9 million new shares and selling approximately 3.8 million shares to management (including CEO Mike Novogratz). The transaction is expected to close on October 17th, subject to approval by the Toronto Stock Exchange. The funds will be used for general corporate purposes and the next phase of development at its Helios campus in Dickens County, Texas. The campus, which was converted from a Bitcoin mining facility into a high-performance computing data center for CoreWeave, is expected to be online in the first half of 2026 and will support tens of thousands of high-end AI servers. Galaxy previously secured $1.4 billion in project financing and signed a 15-year lease with CoreWeave, generating projected annual revenue exceeding $1 billion. The project has the potential to become one of the largest data centers in the United States.

Token unlocking:

deBridge (DBR) will unlock approximately 605 million tokens at 8:00 AM Beijing time on October 17, accounting for 17.01% of the current circulating supply and valued at approximately US$16.6 million.

October 18

Policy supervision:

Grayscale's XRP ETF has been published in the Federal Register, and the US SEC needs to make a decision before October 18

Fox Business reporter Eleanor Terrett tweeted that Grayscale's XRP ETF (19b-4 filing) has been officially published in the Federal Register. This means the US SEC will now enter the review phase and approve or reject it on or before October 18th.

Token unlocking:

Fasttoken (FTN) will unlock approximately 20 million tokens at 8:00 AM Beijing time on October 18, accounting for 2.04% of the current circulating supply and valued at approximately US$40.2 million.

October 19

Project News:

Resolv: The second quarter airdrop will close on October 19th, and 3% of the total token supply will be distributed in the third quarter

The second season airdrop snapshot for the DeFi protocol Resolv was taken at 07:59 UTC on September 9th. Points will be calculated retroactively, and no user action is required. Claims will open on September 19th and continue until October 19th. Rewards are distributed in stRESOLV, a transferable staking token that accrues value and grows across the ecosystem. Season 2 has concluded; the next season will automatically begin with updated terms. Duration: September 9th to December 9th, 2025; distribution represents 3% of the total token supply.

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Author: 一周预告

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

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