News linked to both this project and an event.
Bitget PoolX is about to launch a new round of its ETH locking event. Users can lock ETH to participate in sharing a $200,000 airdrop, with a personal locking cap of 1,500 ETH. The locking period is from October 5, 15:00 to October 9, 15:00 (UTC+8).This round of PoolX supports a long-term holding bonus mechanism. The system will provide a 1x additional bonus on the locked amount based on the user's minimum holding of the corresponding locked asset over the past 15 days. For more details, please refer to Bitget's official platform.
Odaily reports: Porsche announced on October 1 that it is ending its Web3 project and PIONEERS CIRCLE. The PORSCHE 911 NFT will remain in holders' wallets and on-chain, the PIONEERS Discord server will be converted to a read-only archive, and the @eth_porsche account will stop posting updates.The collection was originally planned to issue 7,500 pieces, with minting opening in January 2023 at 0.911 ETH each, and ultimately 2,363 pieces were minted. Porsche has not announced any token burn, buyback, migration, or redemption plans, and holders can still hold, transfer, or list their NFTs for sale.The PORSCHE 911 NFT has accumulated nearly $20 million in total trading volume, with approximately $38,000 in trading volume over the past year and about $2,900 over the past month. (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 Afterward, assets can still be withdrawn, but require direct interaction with the Blast Bridge contract on Ethereum L1.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.
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)
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.
Odaily News: Porsche's Web3 project PORSCHΞ announced on X that the project and the PIONΞERS CIRCLE community have ceased operations. Follow-up arrangements include: the previously issued PORSCHΞ 911 NFT will continue to be held by holders and remain on the blockchain, the PIONΞERS Discord server will be converted to a read-only archive state, and the official PORSCHΞ project X account will no longer be actively updated.Additionally, according to NFTScan data, the current floor price of PORSCHΞ 911 NFT is 0.0794 ETH, with only sporadic transactions recently.
SlowMist has issued a security alert stating that a vulnerability has been discovered in the Aave V3 Loop Safe Module. Attackers exploited forged Safe authentication and arbitrary Module execution to steal approximately 114.09 ETH from two Safe multisig wallets.The attackers bypassed authentication by forging a Safe that always returns true, and leveraged an arbitrarily controllable router and calldata to execute module transactions, transferring weETH and Aave collateral. The attackers repaid approximately 1,300 WETH in debt to unlock the collateral.
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.
EIP-8363 co-proposer Jérôme de Tychey announced the withdrawal of the application to include the proposal in the Hegotá hard fork, with related discussions on issuance policy shifting to a standalone topic.
Ethena founder Guy Young stated that USDe backing assets currently have no direct exposure to stETH or other liquid staking tokens, and he expects this incident will not impact Ethena.
Odaily News: Open Standard has announced the official launch of its USD stablecoin OUSD. Enterprises and developers can now use OUSD to build internet-native financial services and products for banking, cross-border payments, settlement, and institutional trading. OUSD offers 4 integration paths, with related APIs and tools covering settlement, payment orchestration, trading, foreign exchange, wallets, and card services, all supporting free minting and burning at a 1:1 USD rate.Enterprises can currently access it through Mastercard, Stripe, and the Visa Stablecoin Platform, with Coinbase integration opening on October 1. OUSD will natively support Base, Ethereum, Solana, and Tempo, and will first launch on centralized and decentralized trading platforms including Coinbase, Kraken, and Uniswap. OUSD is issued by Stripe-owned Bridge, with reserve assets held at BlackRock, Lead Bank, and BNY Mellon, and proof of reserves will be published monthly.
European stablecoin issuer AllUnity has announced the launch of USDAU, a US-dollar stablecoin compliant with the EU Markets in Crypto-Assets Regulation (MiCA). The token maintains a 1:1 peg to the U.S. dollar through segregated reserve assets and is currently deployed across multiple networks including Ethereum, Solana, Base, Tempo, Arc, and Polygon, with plans to integrate additional blockchains by year-end.
Odaily reports: European stablecoin issuer AllUnity has launched the U.S. dollar stablecoin USDAU, its fourth fiat-backed stablecoin. USDAU maintains a 1:1 peg to the U.S. dollar through segregated reserves and is now live on Ethereum, Solana, Base, Tempo, Arc, and Polygon.AllUnity is regulated under the EU's Markets in Crypto-Assets Regulation (MiCA) and has previously issued the euro stablecoin EURAU, the Swiss franc stablecoin CHFAU, and the Swedish krona stablecoin SEKAU. (Cointelegraph)
Odaily News: DeFi protocol Sentora has initiated an ARFC proposal to operate an independently curated lending market on Aave V4. The initial deployment will be on Ethereum, supporting stablecoin lending such as RLUSD, PYUSD, and OUSD, with Aave DAO receiving 50% of the revenue from this instance.The Aave DAO governance short-term executor will retain structural ownership of the instance and hold the management roles for all hub-and-spoke contracts, configurators, and the native AccessManager.
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 News: Puffer has announced a partnership with Anchorage Digital, which will become the institutional-grade custody provider for Puffer UniFi on its launch day. The two parties will also collaborate in areas including stablecoin infrastructure, native settlement, institutional payments, and AI Agent payments.According to the announcement, the two parties will support the issuance and native settlement of stablecoins on Puffer UniFi, with Anchorage Digital responsible for providing institutional custody and related payment infrastructure, while Puffer UniFi provides high-throughput execution, real-time settlement, and access to Ethereum liquidity.Additionally, Anchorage Digital's AI Agent payment infrastructure for financial institutions and registered merchants will utilize Puffer UniFi for stablecoin settlement, enabling software agents to autonomously initiate payments and complete on-chain settlement within an institutional-grade framework.
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)
Bitget has launched multiple wealth management and reward campaigns. During the campaign period, users can subscribe to USDT and USDGO flexible earn products via "Simple Earn" to enjoy an APR of 10% for USDT and 12% for USDGO. The participation window runs from 22:00 on September 29 to 21:59 on October 9 (UTC+8). Meanwhile, Bitget has introduced the USDGO HodlerYield position reward campaign. Users holding USDGO in their Unified, Spot, or Futures accounts will automatically enjoy time-limited boosted yields of up to 8% APR without needing to register. Additionally, Bitget PoolX has simultaneously launched BTC and ETH staking events: participants in the BTC staking campaign can share a total pool of 100,000 BGB, while participants in the ETH staking campaign can share 500,000 USDT. Please refer to the official Bitget campaign page for full details.