News linked to this event type.
The official GIWA account (@GIWA_by_Upbit) issued a clarification stating that the project's mainnet has not yet launched and no RPC has ever been deployed, meaning there is no risk of any RPC leak. Users were reminded to conduct their own research (DYOR) and remain vigilant against FUD and fraudulent information. GIWA is an Ethereum L2 project developed by Upbit’s parent company, Dunamu, based on the OP Stack. Aiming for 1-second block times and EVM compatibility, the project is currently still in the testnet phase.
MicroStrategy founder Saylor released the "Digital Bill of Rights", advocating for digital identity, asset ownership, and financial freedom to be established as fundamental rights to drive future economic prosperity and legislative protection.
According to an official announcement on The Clearing House's website, The Clearing House has selected programmable currency infrastructure provider Quant to jointly advance the On-Chain Money Initiative. The initiative aims to build an interoperable payment network that enables financial institutions of all sizes to clear and settle tokenized deposit transactions, while integrating with existing fiat payment systems, including the RTP® and CHIPS® networks. Quant will be responsible for providing the network’s interoperability, orchestration, and transaction management layer, supporting instant settlement and condition-triggered automated payments to reduce manual operations and delays for bank and corporate clients. The network is expected to open to participating institutions in the first half of 2027, with application scenarios covering corporate treasury management, liquidity management, cross-border payments, and digital asset settlement.
Odaily News: Solana co-founder Anatoly Yakovenko stated that the industry is "not ready" for Alpenglow, the blockchain's next major upgrade. Previously, Anza engineers had migrated the Solana developer network to the Alpenglow consensus protocol. This upgrade will change how blocks are processed, with the goal of reducing transaction finality time from approximately 12.8 seconds to 100–150 milliseconds.
Odaily News: Blockworks analyst Shaunda Devens posted on X that Polymarket's current FDV valuation of approximately $1.5 billion for Variational is somewhat overly optimistic. This pricing directly applies Hyperliquid and Lighter-level valuation-to-revenue multiples to a platform that still relies on points subsidies. By comparison, the median first-day "FDV / annualized revenue" ratio for recently launched Perp DEX tokens is only 6.3x (Variational is currently around 57x), and within the first month after TGE, trading volume typically drops sharply by a median of 54%.Shaunda added that if conservative assumptions based on historical precedents are adopted (using the median first-day "FDV/annualized revenue" ratio of 6.3x), Variational's fair valuation would be only $167 million, corresponding to a points price of $4.8–$5.4. Even using the highest recent ratio precedent (Lighter's approximately 21.1x), its valuation would still only be about $558 million, corresponding to a points price of $16–$18.However, Shaunda also explained: "To be clear, given that current market risk appetite is clearly in a Risk-on state, we do not believe Variational's valuation at TGE will fall to the extremely conservative range mentioned above. These historical multiples are listed to illustrate that current pre-market OTC pricing may be overly optimistic."
Odaily reports: Quant has announced it will provide technical support for The Clearing House's on-chain money initiative, taking charge of the network's interoperability, orchestration, and transaction management layers, and connecting to existing fiat payment systems such as RTP and CHIPS.The network will provide financial institutions with clearing and settlement capabilities for tokenized deposit transactions, supporting instant settlement and automatic transaction triggering upon satisfaction of preset conditions. It is expected to open to participating institutions in the first half of 2027. The Clearing House operates one of the largest payment networks in the United States, processing over $2 trillion in clearing and settlement volume daily.
Perp DEX protocol Variational posted on X: "With the Swap feature now officially live (and more trading markets continuing to roll out), our next major initiative is the Omni trading API. Previously, all trading could only be done through the frontend interface. Soon, traders will be able to programmatically trade across the 550+ traditional finance and crypto markets already available on Omni."
Military conflicts continue across multiple regions of the Middle East, with Saudi-led coalition forces intercepting Houthi drones and missiles, and the Israeli military conducting airstrikes on Gaza and Lebanon. Trump rejects Iran's ceasefire proposal as the U.S. evaluates its next steps, amid escalating disputes over passage rights in the Strait of Hormuz.
According to Cointelegraph, Kalshi has won a significant ruling from the U.S. Court of Appeals for the Sixth Circuit, allowing it to continue operating its event contracts business in Ohio and Tennessee.
Odaily Report: Grok Bot has announced the launch of a new Finance integration feature, allowing users to connect their bank accounts, credit cards, and investment accounts to the Bot, and query and manage personal financial information such as spending and investments through conversation.
Odaily News: On September 24, three divisions of the CFTC updated their crypto asset FAQ, allowing futures commission merchants to invest customer funds in permitted tokenized assets, provided that the asset grants holders the same or functionally equivalent legal and economic rights as traditional forms and is held at a compliant depository institution. Regulatory records may be maintained via blockchain without the need for a separate off-chain copy; payment stablecoins still may not be used as an investment target for customer funds. This guidance constitutes staff opinion and does not have the force of law.
Odaily News: Payment company Block announced on September 24 that it has integrated the Bitcoin Lightning Network into the x402 payment standard. The x402 protocol can complete verification and unlock data through Lightning Network invoices and payment preimages after a server returns an HTTP 402 payment request.Steve Lee, head of Spiral, Block's open-source Bitcoin research and development division, stated that the integration targets instant, low-cost micropayment use cases. Block has not yet disclosed a timeline for bringing the standard to Cash App, Square, or Bitkey, and the related Python implementation still needs to be tested on real nodes. (Bitcoin.com News)
Odaily News: The U.S. Senate failed to advance the Clarity Act last week in a procedural vote of 49 in favor and 50 against, falling short of the required 60-vote threshold. Negotiations on the market structure bill reached a deadlock over ethics provisions related to Trump's crypto business.The U.S. Securities and Exchange Commission (SEC) subsequently introduced a digital asset "innovation exemption," allowing qualifying platforms to trade onchain tokenized U.S. stocks without registering as national securities exchanges. The U.S. Commodity Futures Trading Commission (CFTC) issued a no-action position for passive software providers and submitted a broader crypto market rulemaking proposal to the White House for review.The Federal Reserve proposed requiring stablecoin issuers under its supervision to fully back tokens with safe, liquid assets and hold capital against operational risks. The Office of the Comptroller of the Currency (OCC) is advancing stablecoin rulemaking and plans to finalize the relevant rules by November. (Decrypt)
XRP Ledger has released xrpld 3.4.1, fixing the batch feature issue and including broader stability improvements. Validators and node operators are encouraged to upgrade as soon as possible; developers stated that the issue did not affect the mainnet and caused no loss of funds.The new version introduces the fixBatchV1_2 amendment, with a default vote in favor and a current consensus rate of 94.29%. Both the amendment and the batch feature have entered the activation period. Previously, some validators changed their votes from in favor to against in order to reset the voting timer for the Batch amendment.
Odaily Report: Michael Saylor published a long article titled "Prescriptions for Prosperity in the Digital Economy," stating that artificial intelligence will greatly enhance the productive capacity of individuals and enterprises, thus requiring greater freedom to create, finance, own, and trade assets. He proposed establishing a "Digital Bill of Rights" for digital assets, the core of which is to grant individuals and enterprises the rights to Create, Issue, Custody, Transfer, and Use digital assets, and to provide foundational protections in financial privacy, asset ownership, and market access.Saylor believes that digital intelligence will drive the birth of a large number of new enterprises, and that the cost, complexity, and time required for financing should be reduced, while capital formation efficiency should be improved through means such as digital tokens. He proposed aiming to enable 10 million new businesses to access financing, while establishing clear issuance rules and risk-matched information disclosure requirements.Regarding the digital dollar, Saylor advocates allowing banks, fintech companies, and technology platforms to compete more fully in digital dollar products, and permitting issuers to compete on yield. He believes that the United States can further expand the global reach of the dollar by allowing enterprises to develop more competitive digital dollar products.As for Bitcoin, Saylor defines it as "Digital Capital," advocating that banks be allowed to custody Bitcoin under clear rules and provide credit using it as collateral, while establishing a viable path for insurance companies to include digital capital in their balance sheets and product design. He specifically mentioned that the Basel Accord applies a 1250% risk weight to certain crypto asset exposures, and believes that regulators should reassess relevant capital requirements based on the actual risks of digital assets and specific business activities.
Odaily reports: An analysis published by a16z crypto on September 23 shows that the total trading volume of real-world asset perpetual contracts in August 2026 reached $117.3 billion, of which on-chain platforms accounted for approximately $101 billion, or 86%; centralized exchanges accounted for approximately $16 billion, a 44x increase compared to the same period last year. A year ago, on-chain platforms accounted for only one-third or less of trading volume.As of the end of August, open interest stood at $4.8 billion, roughly 30 times larger than the $161 million recorded in July 2025. By trading volume, equities accounted for 48%, commodities 28%, and indices 18%, marking a shift from the previous structure dominated by commodities. a16z stated that Hyperliquid's HIP-3 protocol, launched in October 2025, simplified the creation of new perpetual markets and enhanced liquidity sharing.
Galaxy Research stated that the U.S. Commodity Futures Trading Commission (CFTC) this week issued guidance on "Mention Markets," which involve prediction markets tied to individual statements, event attendance, and interactions. The agency noted that unlike traditional event contracts such as whether the Federal Reserve will raise interest rates, where individuals cannot easily control the outcome, mention markets settle on the autonomous behavior of specific individuals—for example, "whether Musk will mention Bitcoin on the next SpaceX earnings call"—and therefore carry higher manipulation risk. The CFTC's Division of Market Oversight (DMO) believes that such markets should be presumed to be "susceptible to manipulation" and requires exchanges to assess them across four dimensions: independent constraints controlling the individual, external pressure risks, independent verification and public scrutiny, and trading rules and surveillance measures.Galaxy Research noted that the guidance does not constitute binding rules and does not prohibit exchanges from listing mention markets. However, even when the above criteria are met, it remains difficult to fully address the manipulation risk arising from individuals voluntarily triggering market outcomes without economic incentive, and the First Amendment also limits regulators' ability to impose prior restraints on individual speech.
Long.xyz has announced the launch of LONG 500, aiming to build the financial layer for on-chain stock communities and establish it as the S&P 500 index of the tokenized stock sector. LONG currently supports over 70 tokenized stocks. Going forward, of the stock token fees generated by each new stock pair trading pool, 5% will be injected into the AI community treasury, and another 5% will be used for buyback and burn of paired tokens, with anyone able to trigger buybacks around the clock. The automatic reinvestment mechanism for liquidity pool earnings will continue to operate, and creator fees will remain unchanged; Long.xyz also plans to upgrade the community treasury for all previously launched trading pairs and add new features.
According to an official announcement, Gate's Stock Token Zone will list MAG7XON, BRAINON, YLD5ON, YLD8ON, BLKHION, BLKDIGON, and BLKGRWON for spot trading and flash swap trading on September 28.Gate's stock tokens are launched through a partnership between Gate and Ondo, adopting a compliant real-world asset tokenization model that supports 24/7 trading, fractional share trading, and on-chain transfers. Users can participate in the relevant markets using USDT, providing a new connection between traditional stock assets and the on-chain trading ecosystem.
Odaily reports: Solana's Alpenglow upgrade has gone live on devnet and testnet, aiming to reduce transaction settlement time from 12.8 seconds to approximately 150 milliseconds.The upgrade changes how validators reach consensus and moves validator votes out of blocks; even with user activity unchanged, the reported total transaction count will decrease. The mainnet launch date has not yet been determined, and the 150ms target has not yet been consistently achieved in a live market environment. (CoinDesk)