News linked to this event type.
Odaily reports: U.S. crypto advocacy group Stand With Crypto has announced its endorsement of a slate of bipartisan candidates for the midterm elections, including Ohio Republican Senator Jon Husted, Iowa Republican candidate Ashley Hinson, and New Hampshire Democratic candidate Chris Pappas. The group also endorsed more than 30 House members and candidates who have voted in favor of digital asset framework legislation.Stand With Crypto said it will run ads in 6 House races to support pro-crypto candidates. Previously, the U.S. Senate failed to secure the 60 votes needed to pass the CLARITY Act, which had passed the House last year. (Bitcoin.com News)
Users can complete withdrawals via the standard Blast interface before October 26. Afterward, assets can still be withdrawn, but require direct interaction with the Blast Bridge contract on Ethereum L1. The team will publish specific instructions before the deadline.
According to Bloomberg, Robinhood stock tokens are becoming a new liquidity asset for Meme coin trading. Since these tokens are 1:1 backed by their corresponding stocks and can circulate on open on-chain markets, they introduce a new asset class that allows traders to combine them with Meme coins in liquidity pools for direct swapping. Citing Dune data, the report notes that daily trading volume for stock token and Meme coin pairs reached approximately $440 million in early September before quickly falling back.
Odaily report: Lido has announced that EarnUSD will adjust its fee model, with a fee cap of 0.5% management fee and 20% performance fee. During the initial launch period, the fee rates will be set at 0.2% management fee and 15% performance fee; previously the rates were 1% management fee and 10% performance fee. All fees will be displayed in the EarnUSD vault user interface.
Base announced the addition of 26 tokenized stocks on-chain, including NFLX, NVDA, LLY, CMG, INTC, RDDT, ORCL, PYPL, COIN, among others.
Odaily — Decentralized privacy trading platform Titan has announced that its testnet is now live on Canton Network. Users who join the waitlist will receive early mainnet access within the coming weeks.
Pyth Network stated that as the financial ecosystem transitions toward a machine-readable format, the primary consumers of market data will no longer be confined to human traders. Demand for structured, standardized, and low-latency financial data from APIs, trading algorithms, risk systems, and AI Agents will continue to grow. Pyth is evolving beyond a traditional oracle network to become market data infrastructure purpose-built for machines and software. Pyth noted that its business model will encompass API market data services, index infrastructure, and institutional proprietary data markets. It simultaneously emphasized that "tokens cannot replace real business," stating that the network must first generate value through data products with tangible demand, collaborations with data providers, and sustainable revenue streams. Tokenomics should be grounded in authentic network activity and business growth, rather than being designed upfront with use cases sought afterward.
Odaily report: Linea stated on X that, due to the MetaMask staking incident, some validators supporting the Yield Boost vault are exiting as a precautionary measure. The staking vault funds and control have not been affected; during the period when the relevant validators exit and are replaced by new validators, the net staking rewards funding ecosystem incentives will temporarily decrease.
Ronin Waypoint wallet will discontinue its services, and users must complete asset transfers before the final migration deadline of October 16, otherwise any remaining assets in the wallet may become inaccessible. This migration primarily affects users who use social login, keyless, or MPC wallets, who can migrate to Ronin Stash, which supports email or social login, or transfer to Ronin Wallet, which is protected by a seed phrase; users who only use seed phrase wallets are unaffected.bAXS and badges need to be handled separately through the official Axie migration page, and can only be done once. After migration, users should confirm that the target wallet has received the assets and check whether the Waypoint wallet still has any remaining assets.
According to Cointelegraph, BitMEX co-founder and Maelstrom CIO Arthur Hayes said during Blockchain Week Korea that U.S. policymakers may need to expand the money supply to support AI data center construction and government debt financing, with the resulting increase in liquidity potentially driving crypto asset prices higher. Hayes noted that AI companies require trillions of dollars in funding to build data centers, and as prices for related services continue to drop, this could ultimately push policymakers to adopt a more accommodating monetary stance. He also highlighted that China's monetary policy may shift from relatively tight conditions to larger-scale stimulus, which he believes could reignite market demand for scarce assets.
THORChain has announced that the ZEC liquidity pool is now live. The network completed a node churn, and all nodes have begun monitoring the Zcash chain. THORChain stated that trading functionality will be the next step; current liquidity is relatively shallow, and early traders should be aware of risks such as slippage. Previously, THORChain added native Zcash support in a protocol upgrade, including UTXO handling, RPC logic, and a ZEC price oracle, and continues to advance mainnet integration.
Arthur Hayes stated that U.S. policymakers may support the AI industry and government debt financing through money printing, driving cryptocurrency prices higher; if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets. He is also monitoring financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads.Catrina Wang, General Partner at Portal Ventures, said that banks and asset management companies have advantages in on-chain financial markets thanks to their existing client relationships. Todd McDonald, co-founder of R3, pointed out that public blockchains can help institutions reach clients beyond their own networks; Justin Kugel, Executive Vice President of Growth at World Liberty Financial, said that user demand for asset management and investment evaluation still leaves room for intermediaries.Chetan Karkhanis, Senior Vice President of Digital Asset Client Relationships at Franklin Templeton, said the company has no intention of issuing its own stablecoin and hopes tokenized money market funds will provide investment returns. Haonan Li, co-founder and CEO of Codex, said that trade routes connecting Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments; buyers pay eastward for goods, while manufactured products flow westward.Ilya Podoynitsyn, co-founder and CEO of FinHarbor, said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect daily operations. Michael Camarda, Chief Development Officer of Ethereum treasury company SharpLink, said that both buying back shares and increasing ETH holdings can raise ETH per share; the company has adopted both methods to meet the preferences of institutional and retail investors. (Cointelegraph)
Odaily News: Decentralized privacy solution Fairblock has announced the launch of privacy stablecoin CUSD. CUSD is built on PYUSDx and supported by M0, PayPal, MoonPay, and Predicate. It is initially deployed on Arbitrum and supports public transfers, as well as the ability to hide payment amounts and account balances. Institutions can use it to protect payroll distribution, treasury management, and OTC settlement information, while individuals can hide on-chain payment amounts and transaction flows. Fairblock stated that it will subsequently drive adoption and expand the use of privacy features through economic incentives, with more details to be announced separately.
Odaily News: Spanish police have arrested a 16-year-old Romanian national in Alicante on suspicion of being the administrator and primary operator of the KillSec ransomware group. Europol stated that law enforcement agencies have seized control of the group's servers and leak site, and preserved at least 110 TB of stolen data.The operation involved searches at 8 residences across Spain, Greece, Romania, and the United Kingdom, investigating approximately 1,000 suspected attacks worldwide, of which about 500 have been confirmed successful. Two other suspects in their 20s were arrested in the UK and Romania respectively, while a Dutch national residing in the UK was indicted and arrested in Puerto Rico, awaiting extradition.KillSec has been active since around 2024, often demanding ransoms in cryptocurrency and carrying out double extortion through encrypted servers and threats to publish stolen data. Investigators are tracing the group's proceeds, including cryptocurrency; Europol's European Cybercrime Centre provided cryptocurrency tracing and digital forensics support. (Decrypt)
According to CoinDesk, Utexo, an infrastructure project supported by Tether, plans to issue USDT on the Bitcoin network this month. Utexo has obtained a commercial license to issue USDT on Bitcoin and plans to provide corresponding APIs, SDKs, and cloud infrastructure for exchanges, wallets, and payment service providers. Based on the RGB protocol and the Bitcoin UTXO model, Utexo will keep most transaction data off-chain, with a focus on supporting three types of applications: private USDT transfers, direct swaps between native BTC and USDT, and borrowing using native BTC as collateral without wrapping BTC to other blockchains. USDT was first issued on the Bitcoin network via the Omni protocol in 2014, after which Ethereum and Tron gradually became its primary circulating networks. Following the issuance of USDT on the Bitcoin mainnet, Utexo also plans to further expand to the Lightning Network.
As reported by Hong Kong 01, HSBC has officially named its upcoming stablecoin "HSBC RedCoin" and plans to adopt a phased rollout approach. The first phase will focus on peer-to-peer (P2P) and peer-to-merchant (P2M) payments, before expanding into commercial finance and enterprise-level applications. HSBC also published a survey covering over 1,000 Hong Kong customers, revealing that 74% of respondents had shown interest in at least one stablecoin use case. Digital asset trading and tokenized investments garnered the highest attention at 57%, while P2P payments, cross-border payments, and merchant payments accounted for 53%, 52%, and 52%, respectively. Additionally, 60% of respondents were able to correctly identify stablecoins as digital assets backed by fiat currencies.
Odaily Report: USDT is expected to return to the Bitcoin network this month through infrastructure developed by Utexo, a project backed by Tether. Utexo plans to support private USDT transfers, direct swaps between native Bitcoin and USDT, and loans collateralized by native Bitcoin. (CoinDesk)
Odaily News: Trump's support among voters aged 18 to 29 dropped from 43% to 19%. Some young cryptocurrency investors have described his crypto projects as profit-seeking ventures, and criticized the TRUMP Meme coin for exploiting supporters who are familiar with crypto.Morten Christensen, an investor who holds a large amount of TRUMP tokens, said Trump's reputation is no longer what it was when he was campaigning for president. He noted that when attending the second Meme coin event held at Mar-a-Lago this year, he noticed that the online reaction was noticeably different from the first event in May 2025.Trump's financial records show that he earned at least $500 million through World Liberty Financial token sales. The project issues the US dollar-pegged stablecoin USD1, whose market capitalization exceeds $4 billion. (Bitcoin.com News)
Odaily News: HL HUB (Community) posted on X that Hyperliquid is expected to receive its first AQAv2 reserve yield distribution tomorrow (October 3). Approximately $14.5 million in passive yield generated from USDC reserves will flow into the Assistance Fund for HYPE buybacks.It is reported that under AQAv2's revenue-sharing mechanism, Hyperliquid stablecoin deployers are required to allocate 90% of stablecoin reserve yield to the Hyperliquid protocol, and 100% of these proceeds will be used for buying back and burning HYPE tokens. Stablecoin reserve yield sharing is accumulated and settled on a 30-day cycle, with proceeds automatically transferred to the Assistance Fund on the 8th day after the cycle ends. Formal yield accrual began on August 26, so the first yield payment will be made on October 3.
The European Central Bank has proposed three models for bringing central bank money on-chain, including direct issuance, establishing a bridging mechanism, and implementation through private intermediaries. These models could enable central bank money to provide settlement support for transactions involving tokenized securities, bank deposits, and stablecoins on distributed ledger technology networks.