Today's news tips:
Polymarket CEO hints at launching official token POLY
CZ Issues BNB Meme Season Risk Warning: Overlapping with Tweets Does Not Endorsement
The Ocean Protocol Foundation withdraws from the ASI Alliance, and $OCEAN may restart trading.
Sorare announces migration from StarkEx to Solana and is exploring the launch of the Sorare token
13 wallets profited over $1 million through BNBHolder after Meme Rush went live
SoftBank's PayPay to acquire 40% stake in Binance Japan
Macro
DTCC Lists Canary Trump Coin ETF, Symbol TRPC
According to Crypto Briefing, the DTCC has listed the Canary Trump Coin ETF (ticker: TRPC) on its platform. The product tracks the Solana-based "Trump Coin" meme, a politically-themed crypto asset. The DTCC listing brings the ETF one step closer to mainstream trading availability, though it still requires further regulatory and issuance processes.
Grayscale adjusts the composition and weighting of its DEFG, GSC and AI funds, adding AERO and IP
Grayscale Investments announced third-quarter adjustments to its three funds: The DeFi Fund (DEFG) removed MakerDAO (MKR) from its CoinDesk DeFi Select Index and added Aerodrome Finance (AERO). The adjusted weights are: Uniswap 32.32%, Aave 28.07%, Ondo 19.07%, Lido 7.02%, Curve 6.92%, and AERO 6.60%. The Smart Contract Fund (GSC) was rebalanced according to the CoinDesk index to: Ether 30.32%, Solana 30.97%, Cardano 18.29%, Avalanche 7.57%, Sui 7.35%, and Hedera 5.50%. The Decentralized AI Fund (AI) has added Story (IP), with weightings of NEAR 25.81%, Bittensor 22.15%, IP 21.53%, Render 12.91%, Filecoin 11.39%, and The Graph 6.21%. All three funds do not distribute dividends, and their holdings decrease as expenses are paid.
According to Bloomberg, the UK Treasury will establish a "Digital Markets Champion" to oversee the digitization (tokenization) of wholesale financial market asset issuance, trading, and settlement using blockchain. Lucy Rigby, the Treasury's Economic Secretary, announced the establishment of a "Dematerialization Market Action Taskforce" to oversee the transition from paper-based equity certificates to electronic ones. The government has also released its "Wholesale Financial Markets Digital Strategy" to promote the adoption of blockchain and artificial intelligence, and has launched a "Digital Gilt" (DIGIT) tender, inviting technology providers to participate in the issuance of UK government bonds on a blockchain.
Polymarket CEO hints at launching official token POLY
Polymarket founder and CEO Shayne Coplan published an article mentioning "BTC, ETH, BNB, SOL, POLY", and the market interpreted it as considering launching the official token POLY.
Viewpoint
According to user feedback, Binance Wallet is experiencing a suspected technical glitch, preventing some users from refreshing the page or performing other operations. In response, Binance co-founder He Yi responded via social media, saying, "I, your humble customer service representative, appreciate all your support and that the team is urgently working on repairs."
According to the Hong Kong Economic Journal, Joseph Chee, former head of UBS Investment Bank Asia and current executive chairman of Helius, the Solana treasury company, stated in a recent interview that his company aims to acquire at least 5% of Solana. He stated that as long as market capitalization and regulatory requirements are met, Hong Kong will be the second listing location, adding, "Maybe in six months (to meet the requirements), we will come here (Hong Kong) as soon as possible." Chee noted that Solana's processing power surpasses Ethereum's. While Tom Lee often says that large financial institutions, stablecoins, and payment companies are all built on Ethereum, many institutions are building applications on blockchains like Solana and Avalanche.
CZ Issues BNB Meme Season Risk Warning: Overlapping with Tweets Does Not Endorsement
Binance founder CZ (Changpeng Zhao) retweeted, stating that his tweets do not actively avoid meme content, and any overlap with memes is coincidental and not an endorsement. Yazan also reminded users participating in the "BNBmeme Season" that allocating tokens to the CZ wallet does not reduce the risk of zeroing out, and meme coins remain high-risk assets.
OKX co-founder and CEO Star stated in a post that the company's mission is to provide blockchain infrastructure that supports asset discovery, trading, and DeFi participation across hundreds of public chains, without artificial token creation or hype. He stated that OKX adheres to regulatory compliance and already supports direct bank account connections in markets such as the EU, UAE, Australia, and the US. The company is also beta-testing its CeDeFi product, enabling seamless DEX transactions through Passkey and Magic Spend while maintaining self-custody. Star stated that true Web3 development relies on construction, not emotion and speculation.
Project News
Binance Wallet Partners with Four.Meme to Launch Exclusive Meme Rush Platform
Binance Wallet has announced the launch of a new feature, the "Binance Wallet Exclusive Meme Rush Platform," designed specifically for Binance Wallet users (without private key addresses), allowing them to discover and participate in high-potential meme token projects. In partnership with Four.Meme, a meme issuance platform, the platform provides fair and transparent token mechanisms and real-time leaderboards. Tokens will undergo three phases: "New Token," "To Be Issued," and "Migrated," ultimately migrating to a DEX for free trading. During the Meme Rush period, users will receive a 4x Alpha trading volume bonus, and high-performing tokens may be listed on Binance Alpha.
Binance Alpha Lists Walrus (WAL) with a First-Phase Airdrop Entry of 210 Points
Binance Alpha has listed Walrus (WAL). According to a previous official announcement, during the first 18 hours of the Walrus (WAL) airdrop, users holding at least 210 Alpha Points will be eligible to claim. During the second 6 hours, users holding at least 195 Alpha Points will be eligible to participate on a first-come, first-served basis. The minimum score will automatically decrease by 15 points every hour until the event ends.
The Ocean Protocol Foundation withdraws from the ASI Alliance, and $OCEAN may restart trading.
According to an announcement from Ocean Protocol, the Ocean Protocol Foundation announced its immediate withdrawal from the Artificial Superintelligence Alliance and the withdrawal of its designated directors. The foundation stated that it will use profits from derivative technology incubation to repurchase and burn $OCEAN tokens to continuously reduce supply. The token bridge managed by Fetch.ai remains open, with $OCEAN convertible at a rate of 0.433226 $FET/$OCEAN. As of July 2024, 81% of $OCEAN has been converted to $FET, but approximately 270 million $OCEAN remains unconverted, held in 37,334 addresses. Exchanges that have delisted $OCEAN are evaluating relisting it. It is currently available for trading on Coinbase, Kraken, UpBit, Binance US, Uniswap, and SushiSwap.
Coinbase Launches Built-in DEX Trading in the US, Not Available in New York Yet
According to The Block, Coinbase has launched a built-in DEX in the United States, which is not yet available in New York. Users can conduct on-chain non-custodial token swaps through the integrated 1inch and 0x liquidity pools within the app, and trade the native tokens of the Base network before traditional listing.
CoinList Lists Pipe Network Token PIPE
According to CoinList, Pipe Network's PIPE token was listed for trading on the first day of the TGE. PIPE tokens were distributed to non-US participants in the sale. CoinList also provides a web portal and iOS and Android client apps for trading and checking account distribution status.
Sorare announces migration from StarkEx to Solana and is exploring the launch of the Sorare token
According to an official blog post, the Web3 fantasy sports platform Sorare announced its migration from StarkEx to Solana to improve transaction speed and cost efficiency. Starting in October, ETH balances will be migrated to Base (Coinbase's Ethereum Layer 2 platform). By the end of the month, all Sorare cards will be bridged to Solana NFTs, retaining rarity, serial numbers, seasons, XP, and metadata. Payments and rewards will support both ETH and Solana. Users can upload to the Ethereum mainnet before the migration. Cards retrieved externally must be bridged back to Solana before they can be traded on Sorare. Officials stated that they are exploring collaborations with external communities and the possible launch of a Sorare token in the future.
Binance Alpha Token AB has recovered nearly all of this morning's losses
Market data shows that Binance Alpha token AB has recovered to its previous price, recovering all of this morning's losses. Earlier reports indicated that Binance Alpha token AB experienced a 99% flash crash in two minutes.
Coinbase receives approval to launch crypto staking service in New York
According to Decrypt, Coinbase announced the launch of crypto staking in New York. Users can stake Ethereum, Solana, Cosmos, Cardano, Avalanche, Polygon, Polkadot, and more. Cosmos is expected to offer an annualized yield of over 16%, while Ethereum is approximately 1.9%. Coinbase stated that it is proceeding with the launch under clear state regulations. Its staking service now covers 46 states, excluding California, New Jersey, Maryland, and Wisconsin. This move follows the resignation of Adrienne Harris, former director of the New York Department of Financial Services, who reached a $100 million settlement with Coinbase in 2023 over compliance and control deficiencies.
Important data
13 wallets profited over $1 million through BNBHolder after Meme Rush went live
According to Lookonchain, within one hour of the Meme Rush platform’s launch, 13 wallets had already made a cumulative profit of over $1 million by trading BNBHolder tokens. Earlier news broke that Binance Wallet had partnered with Four.Meme to launch the exclusive Meme Rush platform.
According to Lookonchain, one investor realized a 410x return on their BNBHolder tokens in just 40 minutes. They purchased 41.11 million BNBHolder tokens for 4 BNB (approximately $5,245) and subsequently sold 33.55 million of them, receiving 956 BNB (approximately $1.25 million). They still held 7.55 million BNBHolder tokens (valued at approximately $906,000). This transaction resulted in a total profit of over $2.15 million, a 41,088% return.
According to Deribit data, over $5.3 billion worth of cryptocurrency options are set to expire tomorrow. Of this total, BTC options have a notional value of $4.3 billion, a put/call ratio of 1.12, and a maximum price of $117,000. ETH options have a notional value of $940 million, a put/call ratio of 0.9, and a maximum price of $4,430. Currently, BTC traders are clearly divided between $110,000 put options and $120,000 call options, while ETH fund flows are more bullish.
According to Aiyi, Vitalik Buterin (V God) received another airdrop of 6.29 million STRK tokens unlocked by Starknet, equivalent to approximately $1.01 million, a year after the previous one. The source of this airdrop may be related to his personal participation in StarkWare's $6 million seed round in January 2018. The address previously deposited the tokens to Binance after receiving them a year ago.
According to SoSoValue, Bitcoin spot ETFs saw a net inflow of $441 million on October 8th, Eastern Time, marking the eighth consecutive day of net inflows. BlackRock's IBIT ETF saw a net inflow of $426 million, bringing its cumulative net inflow to $64.931 billion. The Bitwise ETF BITB saw a net inflow of $13.4298 million, bringing its cumulative net inflow to $2.513 billion. As of press time, the total net asset value of Bitcoin spot ETFs reached $168.003 billion, representing 6.86% of Bitcoin's total market capitalization, with a cumulative net inflow of $62.577 billion.
Financing/Acquisition
Stablecoin infrastructure firm BVNK secures investment from Citigroup’s venture capital arm
According to CNBC, Citi Ventures has invested an undisclosed amount in BVNK, a stablecoin infrastructure startup. BVNK provides a stablecoin payment rail that supports two-way settlement between fiat and crypto assets. Co-founder Chris Harmse stated that the company's valuation is higher than the $750 million publicly disclosed in its previous round. Its fastest growth is in the US market, driven by the GENIUS Act, a US stablecoin regulatory bill. Citi is evaluating issuing its own stablecoin and expanding into crypto custody. Stablecoin trading volume reached nearly $9 trillion in the past 12 months (Visa), with a total market capitalization exceeding $300 billion (CoinMarketCap). BVNK is also backed by Coinbase and Tiger Global.
SoftBank's PayPay to acquire 40% stake in Binance Japan
Binance Japan and PayPay have signed a business alliance cooperation agreement. PayPay, controlled by the SoftBank Group, will acquire a 40% stake in Binance Japan. Both parties will connect PayPay balances for purchasing and selling crypto assets on the Japanese site, promoting the integration of cashless payments and digital assets.
EPHYRA secures $2 million in strategic financing, led by Castrum Istanbul and TBV
EPHYRA has secured $2 million in strategic funding, with FDV contributing $100 million. This round was co-led by Castrum Istanbul and TBV. EPHYRA is positioned as an AI-driven entertainment ecosystem, transforming static NPCs into emotionally engaged, autonomous AI agents for Web3 gaming and social scenarios. Officially, the platform boasts a community exceeding 300,000 members, 6,000 beta users, and 3,000 NFT PASS holders, with plans to launch a Time-Based General Evolution (TGE).
According to Blockworks, Solana intelligent network 375ai announced it has secured $5 million in a new funding round led by Delphi Ventures, Strobe Capital, and HackVC, with participation from 6MV, ARCA, EV3, Peaq, and Heartcore, bringing the company's total funding to $10 million. The project provides blockchain-based decentralized edge data intelligent network nodes and mobile applications for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, earning rewards. A token TGE is currently planned for the end of October.
Plume acquires Dinero Protocol, a DeFi yield-generating protocol for the Ethereum ecosystem
According to CoinDesk, the RWA project Plume announced the acquisition of Dinero Protocol, a DeFi yield protocol in the Ethereum ecosystem. The specific acquisition amount has not been disclosed yet. It is reported that Dinero's staking product is the yield token ipxETH, and the current total locked value (TVL) has reached US$125 million. It is expected to become the support for Plume to expand its DeFi yield products.
DDC Enterprise Limited, a NYSE-listed company, has completed a $124 million equity financing round led by PAG Pegasus Fund, OKG Financial Services Limited (a subsidiary of OKG Technology Holdings Limited), and Mulana Investment Management. DDC Founder, Chairman, and CEO Zhu Jiaying personally invested $3 million. Almost all participating investors in this round (including the founders' investment) have committed to a 180-day lock-up period from the closing date to support the execution of DDC's Bitcoin treasury strategy.
According to Fortune, stablecoin startup Coinflow announced the completion of a $25 million Series A financing round, with participation from Pantera, Coinbase Ventures, Reciprocal Ventures and Jump Capital. The company uses stablecoins as an intermediary layer to help businesses shorten customer card payment time and help merchants process payment transactions that support stablecoins.
According to Globenewswire, blockchain digital identity platform TransCrypts announced the completion of a $15 million seed round of financing, led by Pantera Capital, with participation from Lightspeed Faction, Alpha Edison, Motley Fool Ventures, California Innovation Fund and a group of angel investors. The new funds will support its optimization and construction of a blockchain platform for digital identity and credential verification to prevent artificial intelligence fraud and deep fake technology from eroding network trust.
PANews reported on October 9th that Block Street announced the completion of an $11.5 million strategic funding round led by Hack VC, with participation from Generative Ventures, DWF Labs, StudioB, and Bridge34. Block Street focuses on building the execution and lending layer for tokenized stocks, using a technology stack that includes Aqua (RFQ intent) and Everst (hybrid clearing). The project plans to launch initially on the L1 project Monad in the fourth quarter of this year, with subsequent expansion to Ethereum, BNB Chain, and Base. The team, comprised of members from renowned institutions such as Citadel, Point72, and Google, plans to launch a transparent dashboard to enhance the user experience.
Institutional holdings
ARK Invest's funds hold approximately $10 million in Securitize shares
According to CoinDesk, ARK Invest holds approximately 3.25% of the fund's assets in Securitize through the ARK Venture Fund. Based on the fund's net assets of $32.53 billion as of September 30th, the investment is approximately $10 million, making it the fund's eighth-largest holding. Founded in 2017, Securitize has issued $4.6 billion in tokenized assets through partnerships with BlackRock, Hamilton Lane, and Apollo, and has issued BlackRock's $2.8 billion tokenized money market fund, BUIDL. The tokenized market has grown 112% this year to $33 billion and is projected to reach $18.9 trillion by 2033.
Upexi currently holds 2,018,419 SOL, worth over $400 million
Solana’s treasury company Upexi released a treasury data update: currently holding 2,018,419 SOL, worth $448.1 million.
Predictive Oncology Completes $343.5 Million PIPE Financing to Support ATH Token Treasury Strategy
According to Globenewswire, Nasdaq-listed company Predictive Oncology announced that it has completed a $343.5 million PIPE financing. The company will use the funds to purchase ATH tokens on the open market to support its ATH token treasury strategy. (Note: ATH is the native utility token of the Aethir ecosystem)
According to PRNewswire, cryptocurrency life insurance company Anthea announced that it has completed a US$22 million Series A financing round, led by Yunfeng Financial and participated by a group of strategic investors in the insurance, asset management and financial technology fields. The new funds will be used to support its launch of ETH-denominated life insurance products, while continuing business operations and accelerating product development and innovation.
Ethereum treasury company Bit Digital announced on the X platform that it has increased its holdings by 31,057 ETH, bringing its current holdings to 150,244 ETH.
According to Yahoo, Japanese listed company Lib Work announced that it has spent approximately $3.3 million to purchase 29.6431 Bitcoins for the first time, with an average purchase price of $112,140 per Bitcoin. Lib Work is a 3D printing construction company that previously announced that it would include Bitcoin in its corporate reserve assets.
Nasdaq-listed company Hyperion DeFi increased its holdings by over 42,052 HYPE tokens
On-chain data shows that Nasdaq-listed Hyperion DeFi increased its holdings of HYPE tokens by 42,052.14 approximately 14 hours ago, purchasing them at an average price of $46.343. As of now, the company's total holdings of HYPE tokens have reached approximately 1.75 million, valued at $79.5 million. Hyperion DeFi, Inc. (HYPD), formerly known as Eyenovia (EYEN), an ophthalmology company, announced a $50 million PIPE financing round in June, launching its HYPE Treasury reserve strategy. On July 3rd, the company officially changed its name to Hyperion DeFi and updated its stock ticker to HYPD.
