PA Daily | ApeX Launches $12 Million Token Buyback Program; Aster Leads Perpetual DEX with 24-Hour Transaction Fees Exceeding $25 Million

  • Revolut IPO Plans: Fintech giant Revolut is considering a dual listing in London and New York, targeting a $75 billion valuation. The company is prioritizing the launch of its UK bank before proceeding with an IPO.
  • SEC Regulatory Shift: The U.S. SEC plans to ease financial regulations, including potentially replacing quarterly corporate reporting with semi-annual reports to reduce regulatory burden.
  • Binance HODLer Airdrop: Binance launched an airdrop for OpenEden (EDEN), distributing 15 million EDEN tokens to users subscribing to earning products with BNB. Trading begins on September 30, 2025.
  • ApeX Token Buyback: ApeX Protocol initiated a $12 million token buyback program, committing 50% of future daily revenue to repurchase APEX tokens from the open market, increasing to 90% over time.
  • Aster Leads Perpetual DEXs: Aster generated over $25 million in transaction fees in 24 hours, ranking first among perpetual decentralized exchanges (DEXs) in fee revenue.
  • UPbit Listings: UPbit added support for SuperVerse (SUPER) and ORDERLY (ORDER) trading, leading to short-term price surges of 45% and 62%, respectively.
  • Babylon Tokenomics Proposal: The Babylon community proposed reducing BABY token inflation by ~30% and introducing BTC-BABY co-staking to enhance rewards and security.
  • Solana Block Limit Proposal: Jump's Firedancer team proposed removing Solana's block limit post-Alpenglow upgrade to increase network capacity, though concerns about centralization remain.
  • Whale Activity: A whale deposited 250,000 SOL ($51.89 million) into multiple exchanges, while another whale shorted 12,372 ETH ($50.82 million) using 5 million USDC.
  • Worldcoin Transfer: Worldcoin moved 20.66 million WLD ($27.07 million) to Kraken, continuing its periodic large-scale transfers.
Summary

Today's news tips:

Revolut is considering a dual listing in London and New York, with its valuation reaching $75 billion.

Aspecta Launches ASP Flywheel Program 1.0, ASP Staking to Go Live Soon

ApeX Launches APEX Token Buyback Program, Covering $12 Million in Initial Funding and 50% of Future Protocol Revenue

The Babylon community proposed to reduce the inflation rate of BABY tokens by approximately 30% and introduce a BTC-BABY co-staking function.

Aster’s transaction fees exceeded $25 million in the past 24 hours, ranking first among perpetual DEXs

The founder of Pastel Alpha revealed that he has increased his holdings by 8 Hypurr NFTs

Macro

Revolut is considering a dual listing in London and New York, with its valuation reaching $75 billion.

According to TFN, London-based fintech giant Revolut is considering a dual listing in London and New York, with a valuation of $75 billion. If successful, the company would become the first company to simultaneously list in New York and join the FTSE 100. Such a deal would place Revolut among London's 15 most valuable companies. Despite ongoing speculation, Revolut is not rushing into an IPO. The company is currently focusing on secondary share sales, with a valuation already at $75 billion. Analysts believe fintech companies may prefer to establish a solid foundation before entering the public markets. A key step is the launch of a UK bank. After receiving approval from the Bank of England last year, the bank remains in its testing phase. Revolut founder Nik Storonsky has prioritized the bank's launch, believing it is central to achieving his goal of 100 million customers globally. Only after achieving this goal can Revolut fully turn its attention to a public listing.

The US SEC plans to expedite approval of Trump's proposal to abolish quarterly corporate reporting and seek to ease financial regulations.

According to the Financial Times, the U.S. Securities and Exchange Commission (SEC) has pledged to seek minimal regulation of Wall Street and expedite approval of President Trump's proposal to abolish quarterly corporate reporting. SEC Chairman Paul S. Atkins, appointed by Trump this spring, said today that he would consider replacing the current three-monthly reporting requirement for public companies with semiannual corporate reporting. "Government should provide the minimum level of effective regulation to protect investors while allowing businesses to thrive," he said. The Trump administration is taking a more business-friendly stance while seeking greater control over independent federal agencies.

Project News

UPbit will launch SUPER Korean Won trading and ORDER BTC and USDT trading

South Korean cryptocurrency exchange UPbit has announced the launch of trading support for the following new tokens: SuperVerse (SUPER): Opening trading markets for Korean Won (KRW), Bitcoin (BTC), and USDT. ORDERLY (ORDER): Opening trading markets for Bitcoin (BTC) and USDT.

Binance HODLer Airdrop Launches OpenEden (EDEN), HODLers Get 15 Million EDEN

Binance HODLer Airdrop is now live for the 47th project: OpenEden (EDEN), a real-world asset (RWA) platform bridging traditional and decentralized finance. From 08:00 AM on September 23, 2025, to 07:59 AM on September 26, 2025 (UTC), users can participate by subscribing to guaranteed or on-chain earning products with BNB. Airdrop information will be available within 24 hours, and tokens will be distributed to users' spot wallets at least one hour before trading begins. Binance will list EDEN at 7:00 PM on September 30, 2025 (UTC), with trading available against USDT, USDC, BNB, FDUSD, and TRY. Seed tag trading rules will apply. EDEN deposits will open at 7:00 PM on September 29, 2025 (UTC). The total amount of EDEN tokens allocated for this HODLer airdrop is 15,000,000, representing 1.5% of the maximum supply. The circulating supply at the time of listing is 183,870,000 EDEN, representing 18.39% of the maximum supply.

Binance Falcon Finance Phase 1 Airdrop Entry: 175 Alpha Points

Binance Alpha will be the first platform to list Falcon Finance (FF). Trading on Alpha will begin at 7:00 PM (UTC) on September 29, 2025. Eligible users can claim a 500 FF token airdrop via the Alpha event page within 24 hours of the launch. The airdrop will be distributed in two phases: Phase 1 (first 18 hours): Users with at least 175 Alpha Points will be eligible to claim. Phase 2 (last 6 hours): Users with at least 150 Alpha Points will be eligible to claim. The airdrop will be distributed on a first-come, first-served basis, with the minimum required points decreasing by 15 points every hour.

Somnia will launch a liquidity reward program to distribute 1 million $SOMI

The Somnia Foundation announced the launch of its liquidity rewards program, distributing 1 million $SOMI in the first quarter. Users providing liquidity on decentralized exchanges (DEXs), lending platforms, and the Liquid Staking Protocol will earn Somnia Liquidity Points (SLPs), which determine reward distribution. The first quarter will last for 90 days, with a specific launch date to be announced soon. Previously, Binance announced the launch of Somnia as part of its HODLer airdrop, and spot trading of SOMI began on September 2nd.

Aspecta Launches ASP Flywheel Program 1.0, ASP Staking to Go Live Soon

Infrastructure company Aspecta announced the launch of ASP Flywheel 1.0, which includes an ASP points system, ASP<>BuildKey pairing, an ASP staking mechanism, and joint launches with external partners. The ASP points system rewards ASP holders and stakers. Users can earn points by holding ASP, trading BuildKeys, contributing to the ecosystem, and staking ASP. Points can be used to participate in the early deposit phase of projects where ASP<>BuildKey pairing is enabled, gaining access to high-return BuildKey allocations. Point data may take 24 hours to update. ASP<>BuildKey pairing utilizes a fair launch mechanism, allowing users to fairly purchase early BuildKeys through deposits. Historical data shows returns of 10x to 100x. Starting in October 2025, this mechanism will be linked to ASP and Aspecta points, with users meeting point requirements to participate in different deposit groups. ASP staking will launch soon, allowing stakers to earn more points, share transaction fees, and receive other incentives. Based on last year's data, the expected annualized return on ASP staking is 34%. Previously, YZi Labs announced an investment in blockchain infrastructure platform Aspecta.

OpenEden opens airdrop inquiry page, 7.5% of $EDEN supply will be used for Bills points activity

According to the OpenEden Foundation, the $EDEN airdrop query tool is now live. Users can log in through the official link to view allocations. Claims will officially open at 6:30 PM Beijing time on September 30, 2025. 7.5% of the total $EDEN supply will be used for Bills points, with an additional 0.25% allocated to the "shared reward pool." Participants with more than 10,000 Bills points will be eligible. Previously, Binance Alpha announced that it would list OpenEden (EDEN) on September 30.

Binance Alpha will list Swarm Network (TRUTH) on October 1st at 8:00 PM

According to the official announcement, Binance Alpha will list and open trading for Swarm Network (TRUTH) at 20:00 (GMT+8) on October 1, 2025. Additionally, Binance Futures will launch TRUTHUSDT perpetual contracts at 20:30 (GMT+8) on October 1, 2025, with up to 50x leverage. All eligible Binance users will receive an exclusive Binance token airdrop. Eligible users can claim the airdrop using Binance Alpha Points between 20:00 (GMT+8) on October 1, 2025, and 20:00 (GMT+8) on October 2, 2025, through the Binance Alpha event page.

ApeX Launches APEX Token Buyback Program, Covering $12 Million in Initial Funding and 50% of Future Protocol Revenue

ApeX Protocol has announced the launch of its APEX token buyback program, leveraging past revenue with a one-time commitment of $12 million to kick off the program. Starting next week, 50% of ApeX Protocol's daily revenue, along with the $12 million commitment, will be used to repurchase APEX tokens from the open market. This allocation will gradually increase over time, ultimately reaching 90% of all revenue. Buybacks will occur weekly from the open market, starting next week. All repurchased tokens will be transferred and locked to an on-chain public address, fully visible to the community.

The Babylon community proposed to reduce the inflation rate of BABY tokens by approximately 30% and introduce a BTC-BABY co-staking function.

The community of the Bitcoin staking protocol Babylon recently released a new proposal, "Reduce Inflation and Introduce Joint Staking," aimed at adjusting the BABY token economics, including reducing inflation and introducing BTC-BABY joint staking. The proposal proposes reducing inflation by approximately 30%, from 8% per year to 5.5%, with the following distribution: ① 1% goes to Bitcoin (BTC) stakers, who receive commissions from finality providers; ② 2% goes to BABY stakers, who receive commissions from CometBFT validators. ③ An additional 2.35% goes to BTC stakers who stake both BTC and BABY as joint staking rewards. For every 20,000 BABY staked, one staked BTC is eligible for joint staking rewards. ④ Due to limitations in the Cosmos SDK, finality providers and CometBFT validators cannot receive commissions from joint staking rewards. To compensate for this limitation, 0.075% is distributed to active finality providers based on delegation size, and 0.075% is distributed to active CometBFT validators based on delegation size. Once the trustless Bitcoin custody protocol is ready, the token economics should be revisited and adjusted to drive adoption. Furthermore, the proposal proposes the introduction of a BTC-BABY co-staking feature, which would encourage BTC stakers to also stake BABY and actively provide security for verification and finality; the more BABY staked, the greater the co-staking rewards.

Jump’s Firedancer Team Proposes Removing Solana Block Limit After Alpenglow Upgrade

According to The Block, Jump Crypto's Firedancer team is building a high-performance client for Solana. Their SIMD-0370 proposal proposes removing the current fixed limit of 60 million CUs per block (previously, a proposal had proposed raising this limit to 100 million) after Solana's major Alpenglow upgrade, scheduled for testing later this year. Without a fixed limit, block size would adjust based on the transaction volume accommodated by high-performing validators, while weaker validators would automatically abstain from voting on oversized blocks by skipping the voting mechanism. The proposal argues that removing the limit would encourage well-funded block producers to upgrade their hardware and add more transactions to increase revenue, incentivizing others to follow suit, creating a "flywheel effect" and increasing the average capacity of validator clients. Roger Wattenhofer, Head of Research at Anza and a driving force behind Solana's Alpenglow upgrade, supports removing the limit but also expresses concerns about potential centralization and network stability risks. He argues that these issues are solvable and that he remains a staunch supporter of removing the limit.

Important data

ORDER and SUPER saw short-term increases of 62% and 45% due to the UPbit listing.

Possibly influenced by the Upbit listing, ORDER briefly surged 62% to $0.37, while SUPER briefly surged 45% to $0.75. Earlier news had indicated that UPbit would launch trading of SUPER in Korean won and ORDER in BTC and USDT.

Worldcoin transferred another 20.66 million $WLD to Kraken a week later

According to Ember’s monitoring, the Worldcoin team took action again after a week, transferring 20.66 million $WLD (about 27.07 million US dollars) to the Kraken exchange an hour ago.

Aster’s transaction fees exceeded $25 million in the past 24 hours, ranking first among perpetual DEXs

According to The Block, Aster, a decentralized perpetual swap exchange, currently tops DefiLlama's fee revenue rankings, surpassing Hyperliquid and other perpetual swap decentralized exchanges (DEXs). According to DefiLlama data, Aster generated over $25 million in fee revenue over the past 24 hours, leading all other protocols. Its competitor, Hyperliquid, generated $3.17 million in fees over the past day, ranking fifth. The data also shows that Aster's spot trading volume over the past day was $199.96 million, ranking 13th among perpetual swap decentralized exchanges. In terms of trading volume, Hyperliquid surpassed Aster with $477.3 million. Aster also does not appear in the data aggregation platform's daily revenue rankings.

A whale deposited a total of 250,000 SOL tokens worth $51.89 million into multiple CEXs in the past two days.

According to Onchain Lens monitoring, the giant whale "CMJi" deposited 250,000 SOL worth US$51.89 million to multiple centralized exchanges (including Gate, Bybit, OKX and Binance) in the past two days.

The founder of Pastel Alpha revealed that he has increased his holdings by 8 Hypurr NFTs

Cooker, the founder of Pastel Alpha, announced on the X platform that he has purchased eight more Hypurr NFTs, including Hypurr #4087, #236, #3181, #4258, #4324, #4216, #2755, and #280. He currently holds a total of 16 Hypurr NFTs, with a total value exceeding $1 million. Previous reports indicate that the founder of Pastel Alpha spent approximately $500,000 to purchase eight Hypurr NFTs.

A whale used 5 million USDC to short 12,372 ETH, with a position value of $50.82 million.

According to on-chain analyst Ember, a whale shorted 12,372 ETH using 5 million USDC an hour ago, with a position valued at $50.82 million. The opening price was $4,112 and the liquidation price was $4,427.

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Author: PA日报

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