News linked to both this project and an event.
Odaily Report: Blockchain platform Solana has launched x402 batch payment functionality through PayAI Network and BlockRunAI, enabling AI agents to initiate multiple USDC payments and settle them all through a single on-chain transaction.BlockRunAI has already applied this technology to its AI model routing service. The company states that by consolidating multiple model calls into a single USDC settlement, it can save over $20,000 per month in network fees and reduce latency by approximately 10x; its service provides access to over 113 AI models through a single endpoint.Solana development organization Anza stated that the upgrade to ultimately reduce Solana's block time to 200 milliseconds is expected to go live around 15:00 UTC on October 9, having previously been gradually reduced from 400 milliseconds to 350, 300, and 250 milliseconds. (Bitcoin.com News)
Odaily reports: Crypto wallet provider Tangem has announced the launch of its first physical Visa card, supporting in-store and online purchases as well as ATM withdrawals, with an initial limited release of 5,000 cards. Users can top up the card directly from their self-custodial wallet, and if the card is suspended or closed, funds can be transferred back to the wallet.More than 40% of Tangem Pay payments come from Latin America, and over 30% from the United States. Tangem stated that the physical card currently cannot be shipped to approximately 20 countries and regions, including China, Russia, North Korea, and Palestine, with these restrictions affected by KYC, sanctions, banking rules, and card issuance compliance requirements.Tangem Pay will also offer USDC cashback on eligible purchases, with 1% cashback for Basic users and 2% for Plus users. Tangem plans to showcase the first batch of physical cards during Token2049 in Singapore. (Cointelegraph)
According to Decrypt, Ledger announced at the TOKEN2049 conference in Singapore the launch of its self-custody lending feature, "Crypto Loan". Eligible users can borrow stablecoins USDC or USDT through their wallet application by using wrapped Bitcoin (cbBTC or wBTC) as collateral, without transferring funds to centralized lending platforms or selling the underlying assets.
Odaily reports: Hardware wallet company Ledger announced at TOKEN2049 in Singapore the launch of a self-custodial lending feature within its wallet app called Crypto Loan. Eligible users can use cbBTC or wBTC as collateral to borrow USDC or USDT.Users can open and manage loans directly within Ledger Wallet, track loan-to-value ratios, add collateral, repay loans, or increase borrowing. Key operations must be confirmed via hardware on a Ledger signing device before execution.The feature is powered by decentralized credit network Morpho, with Yield.xyz as the technology service provider. Ledger also announced that its signing devices can connect directly to Morpho without the need for browser extensions or software wallet connection protocols.Crypto Loan has begun rolling out to eligible users, with broader coverage to follow. If the price of collateral assets drops significantly, the related collateral may be subject to forced liquidation. (Decrypt)
Odaily News: Real-time data for decentralized trading platform Hyperliquid's 24/7 perpetual contracts is now available on the Bloomberg Terminal, allowing professional investors to monitor its contracts related to cryptocurrencies, crude oil, gold, the S&P 500 index, chip manufacturers, and foreign exchange. This integration does not support direct execution of Hyperliquid trades through the Bloomberg Terminal.Under the AQAv2 framework, Hyperliquid has received its first $14.58 million USDC payment, covering a 30-day period. This mechanism allocates approximately 90% of the cost-adjusted reserve yield generated from USDC supply to Hyperliquid, which is directed into the Assistance Fund for purchasing HYPE.Following the related developments, the price of HYPE briefly exceeded $95, approaching its all-time high of $97.96. The number of wallets holding more than 10 HYPE has surpassed 50,000, reaching its highest level since August 15. (Bitcoin.com News)
Odaily News: Global Dollar (USDG), issued by stablecoin issuer Paxos, will launch in the DeFi ecosystem of Ethereum Layer 2 network Arbitrum, covering Morpho, GMX, Fluid, and Maple, with Kraken providing fiat on-ramp and off-ramp services.Arbitrum aims to capture a portion of the economic benefits generated by stablecoins on its network. The network currently holds about $3.8 billion in stablecoins, of which about 60% is USDC issued by stablecoin issuer Circle.Stablecoin alliances are growing. OpenUSD has gained support from Mastercard, Visa, Stripe, Coinbase, and Shopify, while Qivalis has secured backing from 37 European banks. (CoinDesk)
According to reports from Fortune magazine, Robinhood Chain and Circle’s Arc public chain have recently witnessed successive waves of Meme coin trading, though the sustainability of these speculative activities is being questioned. Data from CryptoQuant indicates that the single-day trading volume for Meme coin and stock token pairs on Robinhood Chain hit $443 million in early September before plunging by 96%. At the same time, the chain saw an average addition of about 26,000 new tokens per day in September, with nearly 45,000 issued in a single day on September 8. However, the vast majority of these tokens traded very little after listing, and their current value has dwindled close to zero. A similar phenomenon has also appeared on Arc, the public chain rolled out by Circle in mid-September, whose Meme coin issuance platform generated over $336 million in trading volume on its first day of open public trading. Julio Moreno, head of research at CryptoQuant, noted that Meme coin hype can draw capital and engagement to new public chains in the short term, but this model is hard to sustain, and most Meme coins will ultimately approach zero.
Arc, the L1 network under Circle, has open-sourced a USDC lending example application built on Borrow Kit. The example covers market discovery, loan sizing, depositing cirBTC as collateral, borrowing USDC, health monitoring, repayment, and liquidation. According to the official announcement, developers do not need to write custom smart contracts or maintain direct integrations with lending protocols.
cryptocurrency exchange OKX has announced the launch of OKX Money, a stablecoin savings and payment app, now available in parts of Latin America, Africa, South Asia, and the Middle East, offering up to 10% annualized yield on eligible USDG balances.Users can fund their accounts with over 50 supported currencies, with funds converted into USD-backed stablecoins, and can hold, send, and spend USDG, USDC, or USDT. The app supports both virtual and physical cards, and eligible USDG balances can earn yield without staking or lock-up requirements.OKX stated that the app will roll out gradually in accordance with regional requirements, with specific legal entities and regulatory frameworks varying by jurisdiction, and the initial launch markets have not yet been disclosed. Yields and eligibility conditions vary by region and user, and users can unlock higher yield tiers by meeting a 30-day average deposit threshold, reaching a 30-day spending amount, or upgrading their exchange VIP level. (Cointelegraph)
Odaily News — According to a recently published guide to European crypto trading platforms, Gate Europe has been named one of the European platforms suited for low-cost spot trading and EUR fiat on-ramp. The platform has obtained MiCA authorization from the Malta Financial Services Authority (MFSA), offers a standard spot trading fee of 0.1%, and supports EUR funding via SEPA bank transfers. In terms of user coverage, Gate Europe can accommodate the trading needs of users ranging from beginners to advanced traders, with strong suitability for spot trading users; in response to European users' asset migration needs, the platform also supports migration from USDT to USDC. BeInCrypto previously included Gate Europe in its guide to MiCA-licensed platforms, and continues to follow its regulatory progress and service capabilities in the European market.Currently, Gate Europe has taken the lead in obtaining the EU's Markets in Crypto-Assets Regulation (MiCA) license and a Payment Institution (PI) license, continuously strengthening its compliance foundation in the European market. Meanwhile, Gate Connect, Gate Card, and related support systems have completed PCI DSS v4.0.1 Level 1 compliance assessment. Against the backdrop of the full implementation of the MiCA regulatory framework and European users' growing attention to legal entities, scope of authorization, and fiat channels, Gate Europe is leveraging its compliance credentials to provide European users with a more comprehensive digital asset trading and fund services experience. (BeInCrypto)
Odaily News: On October 1, the Ethereum Foundation and Open Anonymity Project launched zkAPI on the Ethereum mainnet. The system allows users to pre-deposit ETH, USDC, and other balances, separating billing identity from requests when paying for AI and other usage-based services.After depositing funds, users can authorize payments via zero-knowledge proofs and one-time API keys. Once the server verifies the payment proof, it generates a short-term key with a preset spending cap. AI service providers can receive prompts but will not learn the corresponding payment identity.zkAPI does not hide prompt content, and AI service providers can still read prompts and responses; stable IP addresses, timing patterns, and repetitive behavior may also link user identities. The project's code repository labels zkAPI as an experimental project. (Bitcoin.com News)
Centrifuge has confirmed that three funds — JAAA, JTRSY, and HYB — have launched on Circle's Arc blockchain, offering exposure to AAA-rated collateralized loan obligations (CLOs), short-term U.S. Treasuries, and high-yield corporate bonds, respectively, involving investment strategies under Janus Henderson and New York Life Investment Management. All three funds support subscriptions using USDC on Arc, while direct investment is available only to eligible non-U.S. professional investors. The minimum investment for JAAA and JTRSY is $500,000 each, and for HYB it is 100,000 USDC.
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 Ethereum Foundation, in collaboration with the Open Anonymity Project, has launched zkAPI, which is now live on the Ethereum mainnet. zkAPI allows users to first deposit assets such as ETH and USDC into an on-chain Vault, and then use zero-knowledge proofs to authorize API usage quotas, without exposing their specific payment identity to service providers.
Odaily News: The Ethereum Foundation has announced that zkAPI, jointly developed with the Open Anonymity Project, is now running on the Ethereum mainnet. The solution separates payment from identity through zero-knowledge proofs, allowing users to deposit ETH, USDC, and other assets into a vault contract in a single transaction and authorize AI API usage quotas without revealing their identity.Service providers can view request content but cannot know the payer's identity, while the payment service provider can only see the amount spent and cannot associate it with specific requests or users. zkAPI is initially aimed at AI inference scenarios and can also be used for pay-as-you-go scenarios such as blockchain RPC, image and video generation.
Odaily reports: Bitcoin News posted on X that Volmex has launched the Bitcoin Implied Volatility Index (BVIV) perpetual contract on Hyperliquid. The contract is based on options data from Deribit and OKX, reflecting traders' expectations for Bitcoin's volatility range over the next 30 days, rather than the direction of spot prices; the recent BVIV reading is in the mid-to-high range of the 30s.The contract settles at 1 USDC per index point, uses an isolated margin model, supports up to 5x leverage, and features an hourly funding rate as well as an open interest cap during the initial launch period.
Odaily — Ostium has released an update on the July 15 exploit and a recovery plan for OLP holders. Ostium stated that the attack resulted in approximately $23.75 million being withdrawn from the Ostium Liquidity Pool (OLP), and available evidence suggests the attack may have been carried out by a nation-state actor. As of now, 649,967 USDC has been recovered, and the remaining vault assets currently held by affected users are worth approximately 30% of their pre-incident OLP positions.Ostium launched its recovery portal today and took a snapshot of OLP balances at the time of the incident, identifying a total of 3,666 affected wallets. Of these, 3,321 wallets — or 90.59% — are eligible for full compensation of verified losses through the Phase 1 plan. Users with losses of 1,000 USDC or less can directly claim an equivalent amount in USDC; users with losses exceeding 1,000 USDC may choose to claim 1,000 USDC and forfeit the remaining recovery allocation, or participate in the Phase 2 proportional recovery plan.Phase 2 funding will primarily come from subsequent recovery of attacker funds and a share of Ostium protocol revenue, with the specific revenue share ratio and related arrangements to be announced by October 30.As previously reported, Ostium's off-chain infrastructure was hacked on July 15, resulting in approximately 23.75 million USDC being withdrawn from the OLP vault.
Binance announced that its payment service Binance Pay has integrated with the QR code payment infrastructure of PayPay, Japan's mainstream mobile payment platform. Foreign tourists visiting Japan who have completed identity verification can directly scan PayPay merchant QR codes via the Binance app or present a payment code to complete transactions, supporting settlements using stablecoins such as USDT and USDC, as well as cryptocurrency assets including BTC, BNB, and ETH.
According to official announcements, Bitget has released its 47th Proof of Reserves (PoR). The total reserve ratio stands at 131%, covering 19 asset types. Specifically, the reserve ratios for BTC, ETH, USDT, and USDC are 142%, 110%, 107%, and 154%, respectively. Since December 2022, Bitget has updated its Proof of Reserves on a monthly basis. In September this year, it expanded its coverage from 4 asset types to 19, providing users with broader visibility into platform reserves. Bitget's historical average reserve ratio has remained above 120%, exceeding the 100% coverage benchmark and fully covering insured user assets.
Odaily reports: Aztec Network developer Aztec Labs has relaunched the self-custodial wallet zk.money. The wallet can conceal payment amounts, balances, and recipient information through Aztec Network, and supports transfers via readable names or links.Users can deposit DAI, USDC, or USDT from Ethereum, with USDC and USDT being converted to DAI. Deposit records remain publicly traceable, while subsequent transaction activity remains private.The early Alpha version limits individual deposits, payments, and withdrawals to under $2,500, and screens addresses in accordance with sanctions policy. The software has not yet undergone a full audit and carries security risks. (CoinDesk)