News linked to this event type.
According to reports from South Korean media outlet Dailian, the Digital Asset Exchange Association (DAXA) released the "2026 Digital Asset Policy Compilation." Professor Jo Jae-woo of Seoul National University pointed out that since the 2017 ICO ban, domestic crypto projects in South Korea have continuously relocated their issuing entities and operational foundations overseas due to regulatory gaps. Token issuance for Klaytn is handled by a Singaporean legal entity, while WEMIX under Wemade similarly uses a Singaporean corporation as its issuer. Subsequently, Metabora relocated to Dubai and NeoFin moved its foundation to Abu Dhabi, further exacerbating the trend of industry outflow. Experts highlighted that the regulatory disparity between domestic and foreign issuers, along with difficulties in opening corporate bank accounts, are key obstacles. They emphasized that "South Korea does not need more relaxed regulation, but clearer rules," calling on the Digital Asset Basic Act to clarify licensing standards for services such as issuance, custody, and verification, and to establish special procedures for repatriating core functions from overseas back to the country.
Odaily News: J. Ayo Akinyele, Engineering Lead at RippleX, posted on X platform stating that they take the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine very seriously. The vulnerability is a severe security issue that has existed in the codebase for over 10 years and could theoretically lead to the over-creation of XRP, breaching the fixed supply cap. However, the vulnerability was discovered by security research firm Veria AI through Ripple's bug bounty program before it could be exploited.J. Ayo Akinyele further added that the Ripple team quickly developed and tested a fix, working closely with validator nodes to complete the network upgrade, and patched the vulnerability before its public disclosure. Currently, AI is changing the speed of vulnerability discovery, and XRPL needs to further enhance its security response capabilities. RippleX will strengthen its bug bounty program, expand AI-assisted vulnerability hunting and adversarial testing, review long-standing code in the payment engine, consensus mechanism, and P2P network, while advancing formal verification of critical modules and reducing potential risks through systematic security hardening. The goal is not just to fix a single vulnerability, but to identify and eliminate potential risks in XRPL's legacy code, making the network more difficult to attack.
CFTC 发布新规，将预测市场中的事件合约定义为受其管辖的商品衍生品，同时明确排除传统博彩，意图以此对抗各州提起的非法赌博诉讼。
An attack on King Khalid International Airport in Riyadh, Saudi Arabia, killed 12 and injured 309, as the Houthis and Saudi Arabia accuse each other of carrying out airstrikes on their respective facilities. US and Israeli officials stated that Washington has not requested Israel to launch a preemptive strike against Iran before the election.
The official Ledger support account (@Ledger_Support) announced that Ledger has confirmed an unauthorized hardware implant in one affected user's device, and has already contacted the user to conduct an investigation. Reseller CryptoBilis has suspended all hardware wallet sales until the investigation concludes. Ledger is working with relevant law enforcement agencies to identify those responsible and thanks @SEAL_911 for their assistance. Ledger emphasized that its own security infrastructure, systems, and services remain unaffected, and advises users who purchased devices from CryptoBilis as follows: if setup is incomplete, do not power them on yet; if setup is complete, consider migrating your assets to a new device created with a fresh seed phrase. Ledger reminds users to rely solely on official channels for information and reiterates that it will never ask for users' 24-word seed phrases.
Odaily News — Papertrade.xyz, a synthetic perpetual contract DEX built on Hyperliquid HyperEVM, has attracted $118 million in deposits, reaching a total value locked (TVL) of $118 million, with the platform supporting up to 1000x leverage.As of 11:45 AM ET on October 10, data from Papertrade.xyz shows that the platform's 2,349 positions have open interest of approximately $11 billion, but the funds backing these positions amount to only $54 million.The platform does not charge slippage, funding rates, spreads, or traditional notional trading fees. Trades are executed through synthetic swaps between users and a shared protocol liquidity pool. Losing traders receive PAPER tokens, while profitable traders may experience delayed withdrawals when liquidity is insufficient.Papertrade.xyz was founded by Jez and Blurr, who operate under partial anonymity. The project also sold 100 pairs of custom paper pants at $2,000 each, which sold out in approximately 40 minutes, generating $200,000 in sales. (Bitcoin.com News)
According to official website information, the HyperEVM-based synthetic perpetual protocol Papertrade has officially launched. Its pre-deposits have closed, with 11,465 addresses depositing $138 million.
Odaily News: Less than 10 minutes after Papertrade went live, its notional trading volume has reached $14.4 billion, with Bitcoin and Ethereum contract open interest at $3 billion and $2.66 billion, respectively. According to the project's mechanism, for every $1 lost by platform users, the protocol will mint a certain amount of PAPER along a curve; when the LP balance is below $2 million, every $1 lost corresponds to 100 PAPER minted, and once the LP balance exceeds $2 million, the minting rate will decrease as the balance increases.
According to the official website, Papertrade, a synthetic perpetual protocol built on HyperEVM, has officially launched. Its pre-deposit phase has closed, with 11,473 addresses depositing $137 million.Papertrade is a fully onchain synthetic perpetual trading platform deployed on HyperEVM. It reads the BBO midpoint price from the Hyperliquid order book, and users trade directly against the protocol's LP as the counterparty rather than through traditional order book matching. It focuses on high leverage, zero slippage, and no funding rates. The native token PAPER has an initial supply of zero, with no pre-mine, team, or VC allocation. The only minting source is user losses or liquidations. In the early stage after launch, PAPER is not freely transferable and is primarily used for staking.
Odaily News: The French National Assembly's Finance Committee this week approved two crypto tax amendments: starting January 1, 2027, converting MiCA-regulated stablecoins will be treated as a taxable sale; and a proposed exit tax on tax households whose total crypto asset value exceeds 800,000 euros and who relocate abroad.On October 9, the committee rejected the budget revenue section by a vote of 31 to 3. The full National Assembly will deliberate based on the government's original text, and the above amendments will not be automatically included. Supporters will need to reintroduce them during debates starting October 13, with the formal vote scheduled for October 20. The related measures have not yet become law.The stablecoin amendment was proposed by left-wing GDR party member Nicolas Sansu and 16 co-signatories, and applies to electronic money tokens as defined by MiCA. The amendment does not set a new tax rate, but instead seeks to include the relevant gains under France's existing 31.4% flat tax regime.The committee also approved an amendment proposed by Daniel Labaronne, allowing investors to carry forward crypto asset losses for 10 years to offset future gains. The proposed exit tax applies to taxpayers who have been French tax residents for at least 6 of the past 10 years and whose total crypto assets, including custody assets, exceed 800,000 euros in value. (Decrypt)
Cross-chain protocol Relay announced on Twitter that it will discontinue Relay Vaults. Users holding funds must visit the official portal to withdraw; the portal will be shut down on December 31, 2026, after which users can still withdraw directly from the contracts. According to the official statement, the Vaults were an optional product for liquidity providers and are being phased out ahead of an imminent upgrade, with further details to be announced in the future. Swaps, payments, and other integrations remain unaffected and will continue operating as usual.
Odaily News: NEAR treasury company SVRN has announced the acquisition of NEAR infrastructure platform FastNEAR. FastNEAR will be incorporated into SVRN as a wholly-owned subsidiary, and its co-founders Evgeny (Eugene) Kuzyakov and Mike Purvis will also join the SVRN team. FastNEAR is a high-performance RPC infrastructure provider for NEAR applications, supporting the majority of NEAR's data layer, including server clusters that handle network read and write operations, archival infrastructure that stores complete transaction history records, and NEARDATA, a data source for developers to process historical records.
Founder Justin Sun confirmed that TRON's post-quantum cryptography upgrade has been deployed and is running on the testnet to address future cracking threats from advancing computing power. The schedule for switching to the mainnet remains to be determined.
According to Reuters, sources familiar with the matter reported that chip startup Nuvacore, backed by Sequoia Capital, is seeking to raise several hundred million dollars in funding at a valuation of approximately $2.5 billion. Founded just six months ago, the company has already completed a seed round led by Sequoia Capital and has yet to launch any products. It plans to develop a new type of central processing unit (CPU) tailored for data centers. As the demand for computing power from AI applications continues to grow, the data center CPU market has attracted significant investor interest. These CPUs are designed to coordinate tasks across AI chips and run autonomous AI software agents, optimizing performance for common computing workloads associated with data center and AI infrastructure.
According to official announcements, papertrade is expected to officially launch and enable frontend trading on October 10 at 14:00 UTC following the hyperevm network upgrade. To prioritize transaction processing, the deposit function will be temporarily suspended 15 minutes before launch (13:45 UTC), requiring users to complete their predeposit in advance.
Odaily reports: According to an official announcement, Papertrade, a synthetic perpetual protocol built on HyperEVM, is expected to launch for trading at 22:00 tonight, with deposits set to be paused at 13:45 UTC. As of now, the protocol's pre-deposits have exceeded $90 million, with a total of 7,280 addresses participating. Papertrade opened pre-deposits on the 9th, and once trading begins, the priority for account creation and deposits will be lowered.Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM. It reads the BBO mid-price from the Hyperliquid order book, and users trade directly against the protocol's LP as the counterparty, rather than using traditional order book matching. It features high leverage, zero slippage, and no funding rates. The native token PAPER has an initial supply of zero, with no pre-mine, team, or VC allocation. The only source of minting is user losses or liquidations. In the initial launch phase, PAPER cannot be freely transferred and is primarily used for staking.
Odaily reports: On-chain detective Specter posted on X platform stating that Serpin issued a token and conducted an ICO for a project that originally did not need a token, and had previously said it would not issue a token; the project remained inactive at TGE, with the token only listed on Coinbase with low liquidity, and not listed on exchanges such as MEXC or KuCoin. Specter stated that participants need to go through a lengthy verification process to recover 85% of their funds, and questioned why the project team does not fully refund participants for its own decisions and mistakes; the project was originally planned to conduct its TGE in September, but was later delayed.
Odaily News: OneKey founder Yishi posted a statement saying that the recent asset loss incidents involving Ledger users have drawn community attention to the security of hardware wallets. The risk may not come from the secure chip itself, but rather from the gap between the protected chip and the display screen that users trust — the so-called "last centimeter." Hardware wallet security needs to cover the entire process of production, transportation, storage, and distribution. Users are advised to purchase devices through official channels, complete packaging inspections and official verification, as sensitive data may be exposed during transmission.Yishi stated that as of October 10, OneKey has not received any reports of user fund losses caused by this incident. In response to supply chain attack risks, the company plans to make improvements across multiple areas, including packaging, mnemonic phrase display pathways, motherboard communication, reseller authorization, and user verification information. Among these, OneKey will introduce a backup process that does not require displaying the mnemonic phrase on the device screen, and will prioritize strengthening encryption of sensitive internal communication links on the motherboard to reduce the risk of hardware implant attacks obtaining recovery phrases.
According to official announcements, Huobi HTX listed perpetual contracts for USDEX/USDT, CEG/USDT, and RLC/USDT on October 10, supporting 1x to 20x leverage for both long and short positions. Additionally, from today until 15:00 (UTC+8) on October 15, Huobi HTX is launching a New Coin Trading Contest for perpetual contracts. Users who complete registration, trade the specified contract pairs, and meet the designated threshold will have the opportunity to share the 1 billion $HTX total prize pool.
A new gpt-rosalind-discovery model has appeared on OpenAI's API pricing page. The model has not yet been publicly released. Its pricing is the same as gpt-rosalind-research, and its specific use case remains unclear. Some speculate that it may be a model specifically designed for drug discovery.