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Project Overview
Due is a decentralized payment platform, Open a borderless account for user business, send and receive payments worldwide, with instant access to funds in stablecoins or local currency.
CleanSpark Plans to Raise $2.227 Billion Through Senior Secured Notes Due 2031
Odaily News: Nasdaq-listed Bitcoin mining company and data center developer CleanSpark has announced that its wholly-owned subsidiary, CSDC Finance I, plans to raise $2.227 billion through a private placement of senior secured notes due 2031. The proceeds will primarily be used to complete the construction of its Sandersville data center in Texas, reimburse the company for a portion of the equity funds previously invested in the facility, and establish a debt service reserve. However, the offering remains subject to market and other conditions, and there is no guarantee that it will be completed or what the final terms will be.
Foreign media: DeepSeek valued at approximately $71 billion before a new funding round, with ARR reaching about $500 million last month
Odaily News: According to sources familiar with the matter, DeepSeek is conducting a new funding round, with a pre-money valuation of approximately $71 billion. Due to limited direct investment quotas, multiple layers of special purpose vehicles (SPVs) have emerged in the market to provide exposure to DeepSeek equity. Some lower-tier SPVs charge upfront fees exceeding 15%, with performance fees reaching up to 40%. Additionally, DeepSeek's ARR reached approximately $500 million last month, and its year-to-date AI infrastructure spending has reached $1.6 billion, nearly 10 times the full-year level of 2025. (Financial Times)
YZi Labs ranks as the world's second most active family office in August, participating in 10 funding rounds totaling $42.1 million
Odaily News In August, family offices participated in a total of 109 deals, with the total disclosed funding amount for related transactions reaching $16.9 billion, of which later-stage rounds accounted for 27% of all deals. a16z Perennial ranked first with participation in 17 deals; YZi Labs ranked second with participation in 10 deals, with the total disclosed size of related funding rounds reaching $42.1 million. YZi Labs manages over $10 billion in assets, with investments spanning Web3, AI, healthcare, and other sectors, targeting startups at various development stages. The aforementioned funding figures represent the combined amounts from all investors in the relevant funding rounds and do not reflect YZi Labs' actual capital contribution. Due to the highly private nature of family office investments, the specific investment amount of a single family office in each transaction is often difficult to obtain.
“Fed Whisperer”: US Treasury Expands Treasury Buyback Scale, Possibly Due to Officials' Concerns Over Market Trends
Odaily News, "Fed Whisperer" Nick Timiraos stated that the US Treasury recently announced it will raise the single-operation buyback cap for long-term nominal coupon Treasury securities from $2 billion to at least $4 billion starting September 9.Timiraos, citing interest rate strategists, noted that the timing of this decision is worth attention: it comes only about two weeks after the Treasury's previous quarterly refunding announcement, and just hours after the announcement, the Treasury had planned to issue $16 billion in 20-year Treasury bonds. This unconventional timing may indicate that Treasury officials "do not like what is happening in the market."
Plan B: Scarcity, Not Short-Term Price Fluctuation, Is the Core of Bitcoin's Long-Term Value
Bitcoin analyst Plan B stated on the X platform that the core of Bitcoin's long-term value lies in scarcity, not short-term price fluctuations.Plan B believes that many people focus on Bitcoin's price charts, while the S2F model he uses focuses on the degree of asset scarcity. This model measures scarcity through "existing supply ÷ annual new production," where the S2F for gold is approximately 60. Due to Bitcoin's fixed total supply of 21 million coins and its predictable issuance schedule, its S2F is currently around 120 and continues to rise over time.The Bitcoin halving mechanism is an important driver of the S2F model. Approximately every four years, the Bitcoin network reduces the block reward by half, decreasing new supply and roughly doubling the S2F level, making it the core supply-side event observed by the model.Plan B emphasized that the S2F and its upgraded version, the S2FX model, predict long-term average value rather than precisely forecasting market tops or bottoms. Bitcoin's price typically fluctuates around the model's estimated value, and investors should focus on multi-year cycle averages rather than single-day price highs. Additionally, Plan B believes that as scarcity increases, Bitcoin is undergoing different stages of development, including proof of concept, payment network, "digital gold"/store of value asset, and institutional-grade financial asset. Each increase in scarcity could bring new market narratives and capital inflows.However, Plan B also reiterated that "all models are wrong, but some are useful." He stated that the S2F model is merely a tool for long-term understanding of Bitcoin's scarcity, not a trading signal or a "crystal ball" for price prediction. Although the model has withstood major events such as the COVID-19 pandemic and China's mining ban, it still has limitations.
POAP Announces Official Shutdown After Over Five Years of Operation Due to Unsustainable Business Model
POAP co-founder isabel (@izonline) posted on the X platform, announcing the official closure of the on-chain souvenir protocol POAP. POAP has operated since 2021, cumulatively minting millions of on-chain collectibles for hundreds of communities. It partnered with world-class institutions such as Coinbase, American Express (Amex), Warner Music Group (WMG), and Bayer, and completed the minting of over 8,000 collectibles during Devcon. The founder stated that the funding cycles and traffic distribution mechanisms in the crypto industry made it difficult for POAP to achieve commercial sustainability without compromising the project's original vision. Coupled with the dual pressure of rapid tech stack iteration and market hype cycles, this ultimately led to the project's shutdown. The founder also summarized three core lessons: customer communities are a company's most underestimated asset; "sense of connection" is the essential value of a product; and long-term brand trust is the only moat in the current market.
US SEC and CFTC Crypto Regulation Hindered by Commissioner Shortage
Due to a significant loss of key regulatory commissioners, enforcement actions and the advancement of new regulations for the crypto industry by the U.S. SEC and CFTC have been hindered, resulting in a notable decline in the number of cases being processed.
US Senate Banking Committee Chairman: CLARITY Act Failed to Pass Due to Democratic Obstruction
Odaily News: Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on X that nearly all Senate Republicans voted in favor of advancing the CLARITY Act, but the motion failed to pass due to opposition from Senate Democrats.
US Senate Releases New Version of Clarity Act to Fine-Tune DeFi Regulations
US Senate Republicans released the latest version of the Clarity Act (Digital Assets Market Clarity Act), adjusting compliance requirements for DeFi entities and credit union provisions. Due to a lack of consensus on ethical protocols, Democrats have expressed reservations, leaving the bill's path to passage uncertain.
Blockchain Association and CCI File for Injunction to Halt Illinois' 0.2% Digital Asset Transaction Tax
Odaily News – The Blockchain Association and the Innovative Crypto Council (CCI) have filed a motion for a preliminary injunction with the Circuit Court of Sangamon County, Illinois, seeking to halt the 0.2% digital asset franchise transaction tax scheduled to take effect on January 1, 2027, during the pendency of litigation. The tax applies to crypto entities established in Illinois or providing services to Illinois residents with annual gross revenues exceeding $100,000. The two lobbying groups had previously sued Illinois over the measure and, together with the Chamber of Digital Commerce, argue that the law violates the federal Internet Tax Freedom Act as well as the Due Process and Interstate Commerce clauses of the U.S. Constitution.
CZ Responds to Binance’s $4.3 Billion Fine: Bore the Pressure for the Industry, Considers It Worth It
According to HK01, Binance founder Changpeng Zhao recently traveled to Hong Kong to attend the 2026 Bitcoin Asia Conference. During an exclusive interview with HK01, he discussed his memoir *Binance Life*, his time in prison, and Binance's $4.3 billion fine. He revealed that most of the memoir's initial draft was completed while incarcerated. Due to strict conditions limiting computer use to 15-minute sessions without copy-and-paste functionality, he had to rely on fragmented moments to write.
NES holdings inflated to $50 million, Cosmos EVM exploit attacker actually profited about $60,000
According to Odaily, an investigation into the security vulnerability exploit of the Cosmos EVM module reveals that the primary attacker (0x9AE7) purchased $250,000 worth of NES and bridged it to Nesa Chain, exploiting a balance vulnerability to inflate holdings to 200 times their original size, then bridged approximately $50 million worth of NES back to Ethereum. The attacker's initial funding for the wallet originated from Monero. Through multiple wallets, the attacker exchanged NES for ETH on DEXs and deposited the proceeds into centralized exchanges. Due to rapid liquidity withdrawal, most exchanges suffered extreme slippage, and the attacker ultimately sold for only $315,000, netting a profit of approximately $60,000 after deducting costs.
Liquid Attack Leaves L-BTC Redemptions Paused, Attacker Holds Over $51 Million in Bitcoin
Odaily News: Canadian Bitcoin exchange and wallet company Bull Bitcoin stated that due to the Liquid Network attack on September 6, users are temporarily unable to redeem L-BTC back to Bitcoin through the platform, and redemption operations are still pending resumption.Bull Bitcoin expects the related redemption service to potentially resume within 30 days, but stated that this expectation is not guaranteed. Due to its reliance on the L-BTC redemption mechanism to balance inventory, the platform has temporarily closed inbound Lightning Network payments.In this attack, the attacker transferred out nearly 4,000 Bitcoin from the protocol, later returning approximately 3,400; currently still holding 598.50 Bitcoin, valued at over $51 million. Liquid Network stated on September 17 that block production, network transactions, and L-BTC transfers have returned to normal. (Bitcoin.com News)
Tether-backed OrionX Permanently Shuts Down Due to $7 Million Funding Shortfall
OrionX, a Chilean exchange backed by Tether, has announced its permanent closure. An audit revealed that over $7 million in client assets had been transferred to addresses outside of custody.
A whale increased its ETH long position to 45,000 coins, valued at approximately $109 million, with an unrealized loss of about $3.35 million.
According to Ember tracking, whale address 0x0392a opened a long position of 32,000 ETH at an average price of $2,487 two days ago, valued at approximately $80 million. Earlier today, it further increased its position by adding 13,000 ETH, bringing its total long exposure to 45,000 ETH (approximately $109 million) at an average entry price of $2,486. Due to the market pullback, this position currently holds unrealized losses of about $3.35 million, with a liquidation price of $2,251.
SlowMist Unveils Details of Allbridge Bridge Attack: Forged CCTP Messages + Flash Loans, Insufficient Mint Verification
Odaily News, SlowMist Security Team disclosed that the cross-chain bridge project Allbridge suffered an attack on August 19, 2026, with losses of approximately $190,000. Notably, this attack was not executed instantaneously—the attacker began laying the groundwork nearly a month in advance, bypassing the verification mechanism through forged cross-chain messages.According to SlowMist's analysis, on July 26, the attacker directly called Circle's MessageTransmitterV2.sendMessage function on the Polygon chain, constructing a cross-chain message disguised as CCTP-style, claiming a transfer of 1 million USDC, despite no actual USDC burn operation occurring. Subsequently, Circle generated a valid attestation for this complete message following standard procedures.Approximately 24 days later, on August 19, the attacker waited for the Base Router to receive a genuine CCTP deposit, bringing its balance to approximately 191,000 USDC, then launched the attack just 6 seconds later. Using the previously forged message and attestation, the attacker called Allbridge's receiveCctpMessage function. Due to the project's lack of critical validation, the system mistook the fraudulent cross-chain message for a genuine deposit and recorded a 1 million USDC credit.Subsequently, the attacker borrowed approximately 809,000 USDC temporarily via an Aave flash loan to match the Router's balance with the forged amount, then utilized the internal credit record to call the transfer function, ultimately moving out approximately 999,000 USDC (after deducting a 0.1% fee). After repaying the flash loan and fees, the attacker netted approximately $189,800 in profit. The root cause of this vulnerability lies in Allbridge's failure to verify the identity of the cross-chain message sender and receiver, as well as its failure to confirm whether USDC was genuinely minted or whether the balance actually increased—instead directly trusting the amount and message hash data constructed by the attacker.SlowMist emphasized that on-chain message verification does not equate to actual asset arrival. Cross-chain protocols must not only verify message authenticity but also ensure the message source is trustworthy, confirm the receiver is Circle's official TokenMessengerV2, and only record assets after confirming actual minting and balance changes. This incident once again highlights the security risks in cross-chain bridges' message verification and asset settlement processes.
Altcoin market cap surges $215 billion in 3 days, Trump policy signals drive capital back into crypto
Odaily News - CryptoQuant analyst Darkfost stated on the X platform that the altcoin market has recently shown clear signs of recovery, with market structure undergoing changes, and "Altseason" may have entered its early stages. Data shows that from August 19 to 22, the total market cap of altcoins increased by approximately $215 billion, surging over 24% in just 3 days, pushing the total altcoin market cap back above $1 trillion.Darkfost pointed out that mid- and small-cap altcoins have performed the strongest in this rally. Due to their lower circulating market caps, these assets are more sensitive to capital inflows, while also carrying higher two-way volatility risks.Data from the Binance platform further reinforces the signals of an altcoin market recovery. Since last November, approximately 80% to 85% of altcoins have remained below the 200-day moving average (200-DMA), but currently 56% of Binance-listed altcoins have climbed back above this key technical indicator, suggesting the market may be entering a new cyclical phase.Darkfost believes this trend reversal is linked to a series of positive cryptocurrency signals recently released by Trump. On August 19, Trump stated that the U.S. would "massively purchase Bitcoin" and urged Congress to push through the CLARITY Act, while claiming his administration had ended previous unfriendly policies toward the crypto industry. These remarks boosted market sentiment, and against a backdrop of low trading volume and reduced selling pressure, substantial capital began flowing into the altcoin market, driving gains across multiple sectors simultaneously.Darkfost noted that from a historical perspective, the current broad-based altcoin rally is typically viewed as an important signal of the early stage of altseason. However, he also cautioned that the market has entered overbought territory in the short term, and investors should be wary of periodic pullbacks. If the overall upward momentum continues, new investment opportunities may still emerge down the road.
Due to sanctions, NoOnes will gradually wind down its operations
Odaily News: Peer-to-peer cryptocurrency trading platform NoOnes announced that it will begin gradually winding down operations after running for over three years. The company stated that it had been continuously seeking to resolve and lift the sanctions imposed on NoOnes, but ultimately failed. The sanctions caused the platform to lose key partners, and blockchain monitoring firms also flagged transactions associated with NoOnes as high-risk, making it increasingly difficult for the platform to continue normal operations. According to the plan, the business contraction began on August 17, and the P2P marketplace will close at 23:59 UTC on August 21. Services such as Swap, NoOnes Visa, fiat withdrawals, the gift card store, and the Bitcoin Lightning Network will also be discontinued progressively. After that, the platform will only support withdrawals, and users will still be able to log in, view balances, and withdraw remaining assets. The company advises users to complete asset withdrawals as soon as possible, no later than August 23. Previously, on January 26, 2025, NoOnes revealed that the platform had suffered a major security breach earlier that month, resulting in losses of approximately $8 million in crypto assets. CEO Ray Youssef confirmed the news after on-chain detective ZachXBT disclosed the hacking incident on his Telegram channel.
Arbitrum Security Council Suspends Activation of New Stylus Contracts Due to AI Attack Risks
According to the Arbitrum Security Council report, Arbitrum took emergency action at around 23:30 Beijing Time on October 2 to temporarily halt the activation of new Stylus contracts on Arbitrum One and Nova, in order to mitigate the risk of AI-assisted attacks utilizing custom WebAssembly programs.
Zano Blockchain Rolled Back 30 Days Due to Over $200 Million in Illicit Tokens
Zano disclosed a validation flaw in the Gateway Addresses introduced by Hard Fork 6. An attacker minted approximately 18.4 million ZANO in a single transaction on August 29, then minted an equal amount again on September 25, and minted fUSD in the same manner.The project team stated that the value of the illicit tokens involved exceeds $200 million, with potentially affected activity involving 117,941 outputs and 65,301 transactions. Zano has restored the chain state from block 3,833,000 and disabled Gateway Addresses. All affected balances will be fully restored, and the ZANO supply and issuance schedule will remain unchanged. (Bitcoin.com News)
Balancer Community Votes to Pass BIP-928 Orderly Liquidation Proposal
Decentralized exchange protocol Balancer announced that community voting has approved the BIP-928 ordered liquidation proposal, while the fork proposal BIP-929 was not approved. The protocol's liquidity pools will operate normally until October 30, after which they will transition to a "withdrawal-only" mode and the bug bounty program will be simultaneously terminated. V3 vaults are expected to pause on November 30. Due to the non-custodial nature of the smart contracts, liquidity providers can withdraw funds at any time, and relevant withdrawal guidelines will be published prior to October 30.
"Money Laundering Dedicated Network" THORChain Official Cries Foul: As Decentralized and Permissionless as BTC, ETH, and BNB Chain, Not Responsible for Bitget Hack Money Laundering Process, Previously Suspended Services for 39 Days Due to Hacker Attack
Odaily News: Today, THORChain officially posted on X platform stating, "We have noticed the recent Bitget hack and are deeply saddened by it. We can imagine this is a difficult time for everyone in the industry. (However,) THORChain is as decentralized and permissionless as Bitcoin, Ethereum, and BNB Chain. When dealing with known stolen funds, what responsibility should Bitcoin, Ethereum, and BNB Chain bear?" Subsequently, it called out OKX CEO Star and Bitget CEO Gracy.However, crypto community members in the comments pointed out that when THORChain previously suffered an attack, it once suspended services for 39 days, and they are deeply ashamed of the differentiated treatment between the two situations.
Zano to Roll Back ~24 Hours of On-Chain History Due to Inflation Bug
Odaily reports: Privacy blockchain network Zano has disclosed that an inflation vulnerability involving Gateway Addresses has forced it to plan a rollback of approximately 24 hours of blockchain history, and has urged users to immediately cease all economic activity related to ZANO and Confidential Assets.Zano has promised to compensate for losses caused by the rollback, but has not yet announced the target block height for the rollback, the patched version, the compensation process, the mechanics of the vulnerability, or the amount of unauthorized assets created. Gateway Addresses went live on August 26 with Hard Fork 6. (Bitcoin.com News)
Liquid Attack Leaves L-BTC Redemptions Paused, Attacker Holds Over $51 Million in Bitcoin
Odaily News: Canadian Bitcoin exchange and wallet company Bull Bitcoin stated that due to the Liquid Network attack on September 6, users are temporarily unable to redeem L-BTC back to Bitcoin through the platform, and redemption operations are still pending resumption.Bull Bitcoin expects the related redemption service to potentially resume within 30 days, but stated that this expectation is not guaranteed. Due to its reliance on the L-BTC redemption mechanism to balance inventory, the platform has temporarily closed inbound Lightning Network payments.In this attack, the attacker transferred out nearly 4,000 Bitcoin from the protocol, later returning approximately 3,400; currently still holding 598.50 Bitcoin, valued at over $51 million. Liquid Network stated on September 17 that block production, network transactions, and L-BTC transfers have returned to normal. (Bitcoin.com News)
Balancer Community Votes to Pass BIP-928 Orderly Liquidation Proposal
Decentralized exchange protocol Balancer announced that community voting has approved the BIP-928 ordered liquidation proposal, while the fork proposal BIP-929 was not approved. The protocol's liquidity pools will operate normally until October 30, after which they will transition to a "withdrawal-only" mode and the bug bounty program will be simultaneously terminated. V3 vaults are expected to pause on November 30. Due to the non-custodial nature of the smart contracts, liquidity providers can withdraw funds at any time, and relevant withdrawal guidelines will be published prior to October 30.
OpenAI Cancels GPT-6.1 Astra Release Plans Due to Security Concerns
OpenAI has canceled its planned near-term release of the GPT-6.1 Astra model after internal testing revealed safety alignment flaws. The safety lead noted that the model regressed in following human instructions and overall honesty.
Zano to Roll Back ~24 Hours of On-Chain History Due to Inflation Bug
Odaily reports: Privacy blockchain network Zano has disclosed that an inflation vulnerability involving Gateway Addresses has forced it to plan a rollback of approximately 24 hours of blockchain history, and has urged users to immediately cease all economic activity related to ZANO and Confidential Assets.Zano has promised to compensate for losses caused by the rollback, but has not yet announced the target block height for the rollback, the patched version, the compensation process, the mechanics of the vulnerability, or the amount of unauthorized assets created. Gateway Addresses went live on August 26 with Hard Fork 6. (Bitcoin.com News)
Google will launch its first space-based AI computing experimental satellite on October 1, equipped with four TPUs running Gemini.
According to TechStartups, Google plans to launch the first experimental satellite for Project Suncatcher on October 1 to test the feasibility of operating AI computing infrastructure in space. Approximately the size of a refrigerator, the satellite will carry four Google TPUs to run Gemini workloads in low Earth orbit hundreds of miles above Earth. It will be deployed on the Transporter-18 mission aboard a SpaceX Falcon 9 rocket. Partnering with satellite company Planet, Google will deploy AI hardware on an existing satellite platform, advancing the first in-orbit hardware test originally scheduled for 2027 by several months. The satellite's solar array is expected to provide approximately 1 kilowatt of power. Due to thermal dissipation limitations in space, the TPUs can currently run Gemini workloads for only about 15 minutes per session before requiring a pause to allow the thermal management system to recover. Google has previously conducted vibration and radiation testing on the Trillium TPU, and plans to explore building large-scale space-based AI computing clusters in the future using solar-powered satellites, TPUs, and high-speed optical communications.
US Senate Banking Committee Chairman: CLARITY Act Failed to Pass Due to Democratic Obstruction
Odaily News: Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on X that nearly all Senate Republicans voted in favor of advancing the CLARITY Act, but the motion failed to pass due to opposition from Senate Democrats.
US Senate Releases New Version of Clarity Act to Fine-Tune DeFi Regulations
US Senate Republicans released the latest version of the Clarity Act (Digital Assets Market Clarity Act), adjusting compliance requirements for DeFi entities and credit union provisions. Due to a lack of consensus on ethical protocols, Democrats have expressed reservations, leaving the bill's path to passage uncertain.
Related news
Arbitrum Security Council Suspends Activation of New Stylus Contracts Due to AI Attack Risks
According to the Arbitrum Security Council report, Arbitrum took emergency action at around 23:30 Beijing Time on October 2 to temporarily halt the activation of new Stylus contracts on Arbitrum One and Nova, in order to mitigate the risk of AI-assisted attacks utilizing custom WebAssembly programs.
Blast Announces Shutdown of Ethereum Layer 2 Due to High Operating Costs
Blast has announced it will cease operations due to liquidity incentive costs far exceeding gas fee revenues, and has instructed users to withdraw their funds by October 9.
Blast Announces Shutdown Due to High Operating Costs
Ethereum Layer 2 network Blast has announced its shutdown due to an inability to cover operating costs, with its total value locked plummeting from a peak of $2 billion to $32 million, while the BLAST token has seen a cumulative decline of 98%.
Zano Blockchain Rolled Back 30 Days Due to Over $200 Million in Illicit Tokens
Zano disclosed a validation flaw in the Gateway Addresses introduced by Hard Fork 6. An attacker minted approximately 18.4 million ZANO in a single transaction on August 29, then minted an equal amount again on September 25, and minted fUSD in the same manner.The project team stated that the value of the illicit tokens involved exceeds $200 million, with potentially affected activity involving 117,941 outputs and 65,301 transactions. Zano has restored the chain state from block 3,833,000 and disabled Gateway Addresses. All affected balances will be fully restored, and the ZANO supply and issuance schedule will remain unchanged. (Bitcoin.com News)
Balancer Community Votes to Pass BIP-928 Orderly Liquidation Proposal
Decentralized exchange protocol Balancer announced that community voting has approved the BIP-928 ordered liquidation proposal, while the fork proposal BIP-929 was not approved. The protocol's liquidity pools will operate normally until October 30, after which they will transition to a "withdrawal-only" mode and the bug bounty program will be simultaneously terminated. V3 vaults are expected to pause on November 30. Due to the non-custodial nature of the smart contracts, liquidity providers can withdraw funds at any time, and relevant withdrawal guidelines will be published prior to October 30.
US SEC and CFTC Crypto Regulation Hindered by Commissioner Shortage
Due to a significant loss of key regulatory commissioners, enforcement actions and the advancement of new regulations for the crypto industry by the U.S. SEC and CFTC have been hindered, resulting in a notable decline in the number of cases being processed.