News linked to both this project and an event.
PaperTrade posted on X stating that trading volume in the first 6 hours after launch exceeded stock market trading volume; one day after launch, PaperTrade has become a trading platform supporting 1000x leverage, with liquidity pool (LP) size reaching $5 million and $25 million in rewards distributed to staking users.In response to community concerns about the fair launch mechanism and BTC/ETH market manipulation, PaperTrade stated that due to the need to prevent frontend congestion and spam request attacks, small orders cannot enjoy exactly the same priority as large orders, and the team has maximized fairness within these constraints. Some users exploiting the Hyperliquid BBO mechanism to manipulate BTC/ETH was not an oversight in mechanism design, but rather resulted from opening a higher OI cap during the initial launch period to alleviate queuing pressure. As traffic has declined, the team has begun tightening position limits at both the on-chain and relay levels to reduce the profit space for manipulation.PaperTrade added that no system can completely eliminate manipulation, and the goal is to make attacks nearly unprofitable through parameter adjustments, noting that in the relevant incidents, some users ultimately returned most of their profits to the platform due to persistent manipulation attempts.
Odaily reports: Zcash full-node development team Zakura has stated that the network is expected to introduce a quantum-resistant signature opcode in January, enabling hash-based signatures for transparent payments. Zcash's transparent payments publicly display transaction information, while shielded payments hide the sender, receiver, and amount.The proposal combines address rotation with private information retrieval, allowing wallets to switch to a new address after each transaction and reduce public key exposure risk through WOTS hash-based fallback signatures. The Vizor wallet launched its private query feature this week, allowing users to enable it for testing in the settings.Zakura's proposal currently only covers Zcash transparent payments, and the network has not yet confirmed the activation time for the opcode. Ethereum researcher Justin Drake has warned that AI-driven mathematical breakthroughs could crack the relevant signatures in months rather than years; Vitalik Buterin believes it is possible that cryptographic technology could be broken within the next two years. (Decrypt)
Odaily News: Less than 10 minutes after Papertrade went live, its notional trading volume has reached $14.4 billion, with Bitcoin and Ethereum contract open interest at $3 billion and $2.66 billion, respectively. According to the project's mechanism, for every $1 lost by platform users, the protocol will mint a certain amount of PAPER along a curve; when the LP balance is below $2 million, every $1 lost corresponds to 100 PAPER minted, and once the LP balance exceeds $2 million, the minting rate will decrease as the balance increases.
Unichain announced on X that it will migrate to OP Enterprise to prepare for native cross-chain interoperability on OP Stack. Once interoperability goes live, users will be able to transfer assets between OP Stack chains without using a bridge, with ETH being the first supported asset. The testnet will migrate on October 13, and the mainnet migration is planned for late October.
Odaily News: Starknet, the Ethereum scaling network built by StarkWare, has stated that it is actively considering transitioning into an independent Layer 1 (L1) network and has set 2027 as its target for becoming the first fully quantum-resistant network. STRK was trading at approximately $0.073 on Friday, up about 20% in 24 hours and more than double its price of around $0.03 in April.StarkWare CEO Eli Ben-Sasson said that after becoming an L1, Starknet would be able to control security upgrades on its own without waiting for Ethereum to advance related work. As a Layer 2 (L2) network, Starknet currently relies on Ethereum for security; after transitioning to an L1, it will validate and secure transactions itself.Eli Ben-Sasson pointed out that quantum computers may in the future break the elliptic curve cryptography used by Bitcoin and Ethereum, and that AI's development in mathematics also poses another risk. Ethereum's roadmap is expected to complete core quantum-resistant infrastructure around 2029, while Starknet plans to move that up to 2027; currently, no quantum computer is capable of breaking these systems. (Decrypt)
Starknet has published an introduction to its Quantum-Safe Bitcoin (QSB) scheme, stating that StarkWare researchers have verified a quantum-safe locking mechanism on the Bitcoin mainnet that requires no soft fork, no new opcodes, and no changes to consensus rules. The first QSB output was spent on August 26, 2026, in Bitcoin mainnet block 964,199, with the associated GPU computation cost reduced from approximately $320 to about $50. QSB builds its locking mechanism through hash computation, but each transaction still requires substantial computation, and moving assets into the scheme still requires a traditional transaction that carries quantum risk. The transaction does not comply with Bitcoin Core's default relay rules, and there is currently no accompanying wallet, address format, or recovery process. StarkWare stated that QSB is an emergency research solution, and that the long-term solution still requires the introduction of post-quantum signature mechanisms via a soft fork. Starknet's full quantum resistance also depends on the progress of Ethereum's underlying upgrades.
According to The Block, Thailand's Securities and Exchange Commission (SEC) has issued regulatory framework rules for cryptocurrency exchange-traded funds (ETFs), which are set to officially take effect on October 16. In the initial phase, the underlying assets of the relevant funds will be limited to Bitcoin (BTC) and Ethereum (ETH).
Ethereum contributor Francesco Risitano (@frisitano) submitted the EIP-8440 (Execution Chain Proof) draft proposal on October 9. The proposal leverages a recursive zero-knowledge proof mechanism to prove the validity of all execution payloads from the tip beacon block back to the genesis beacon block, binding them to the beacon chain. Nodes can establish complete execution validity from a weak subjectivity checkpoint to the latest block header using a single proof, enabling constant-time chain synchronization.
Citrini Research released a report stating that the tokenization of traditional assets will give rise to entirely new business models, with fee-generating protocols potentially becoming bigger winners than mainstream public chain tokens.
Odaily News: As the crypto industry discusses whether users need to enter "bunker mode" before AI or quantum computing technologies expose wallet private keys, custody institutions face a more complex challenge: how to upgrade key management, approval, and audit systems before an emergency migration occurs.Project Eleven CEO Alex Pruden stated that institutions have already begun preparing for post-quantum migration outside of blockchain, and different blockchains may adopt different quantum-resistant signature schemes and migration paths in the future. Institutions holding multiple types of assets will face the challenge of simultaneously adapting to multiple cryptographic systems.Quantus co-founder and CEO Christopher Smith stated that AI is accelerating the development of quantum hardware and software, and the tail risk of quantum attacks should be incorporated into portfolio decisions — this is an institutional fiduciary duty.Currently, the timeline for quantum computers to crack Bitcoin and Ethereum's existing public-key cryptographic systems remains uncertain, but the industry is gradually viewing the coming years as a window for establishing migration plans, rather than waiting for an attack to occur before responding reactively. (CoinDesk)
Proposal 39 of Ethereum Layer 2 network Taiko has passed the community veto window and completed execution on both Ethereum L1 and Taiko L2. Following the upgrade, the ERC20Vault of the Taiko bridge now supports Permit and Permit2, allowing users to bridge tokens without initiating a separate Approve transaction; the Ether gas payment limit of the Taiko bridge has also been raised, and a new BridgedERC20V2 template has been deployed on both L1 and L2. Taiko stated that the related features have completed end-to-end testing, covering ETH, ERC20, ERC721, and ERC1155 assets as well as bidirectional bridging scenarios.
community member ugurmersin has proposed an alternative to Proposal 613, suggesting that custody of the Ecosystem Protection and Continuity Fund (EPCF) and mainnet Chainlink SVR revenue be transferred from the Safe controlled by the Compound Foundation to a Community Multisig, adopting a 9-party 5/9 multisig mechanism. The proposal does not advocate shutting down the EPCF, but rather preserving its purpose, size, 48-month term, and emergency fund deployment capability.As of October 8, the EPCF held 500,000 USDC and 4.5834 million USDC deposited in cUSDCv3, while mainnet Chainlink SVR revenue held 355.95 ETH. The proposal states that the original Proposal 613 had planned to shut down the EPCF and transfer the funds to the Governor Timelock, and was canceled by the Proposal Guardian on October 7.
StarkWare Co-founder and CEO Eli Ben-Sasson stated that Starknet, which relies on Ethereum's underlying security as an L2, is currently considering multiple options including transitioning to an L1, in order to independently control its network's security transition and address cryptographic risks posed by quantum computing and AI.
Odaily News: Lido is developing a decentralized lending market called Lido Lend, which is built on a modified fork of Morpho Blue, adopts an isolated lending market design, is proposed to be governed by Lido DAO, and is pending a governance vote for approval. Lido Lend is limited to blue-chip assets, encourages price-correlated trading pairs such as stETH/ETH, and provides a deposit screening mechanism to guard against bad collateral. Lido stated that Lido Lend is not a general-purpose pool-based lending solution but is aimed at professional borrowers and risk-averse lenders; currently, stETH staking scale exceeds $25 billion, with no major security incidents since launch.
According to CoinDesk, the Ethereum Glamsterdam upgrade was activated on the Sepolia testnet this Tuesday, raising the block Gas limit from approximately 60 million to nearly 200 million, an increase of over threefold. A review of more than 25 consecutive test blocks showed that actual Gas usage ranged from approximately 52 million to 92 million, accounting for only 26% to 46% of the available limit, with no blocks reaching full capacity. The upgrade also adjusted the Gas consumption model for specific tasks and storage data fees, requiring developers to retest applications that rely on specific Gas cost assumptions. The next public testnet, Hoodi, is tentatively scheduled to launch on October 27, while the Ethereum mainnet activation date remains to be determined.
Odaily News: The Ethereum Glamsterdam upgrade has raised the Sepolia testnet's block Gas limit from approximately 60 million to nearly 200 million, as developers test higher capacity to support more payments and transactions.Early test blocks only used 26% to 46% of their capacity. A 6-minute voting round generated all planned blocks and achieved 99.97% participation of eligible staking weight in finalization.The upgrade adjusts transaction processing costs and data access costs. The Hoodi testnet is tentatively scheduled for October 27, while the mainnet activation date has not yet been determined. (CoinDesk)
Bitget, in collaboration with digital asset research firm BlockScholes, has released a new research report analyzing the synergies between tokenized stocks and crypto assets within a unified trading account. In the report, BlockScholes simulated a $1 million portfolio comprising AI and semiconductor tokenized stocks, BTC and ETH perpetual contracts, and a Nasdaq 100 ETF perpetual contract.
Odaily News: Russia has registered its first batch of cryptocurrency exchange operators and digital asset custodians under new regulations that took effect on September 1. The Bank of Russia has published the list of the first authorized operators, including 4 exchange operators and 5 custodians.Sberbank, Russia's largest bank, has been included in the custodian list alongside Atomyze, Voltari, and Cloud Infrastructure. Sberbank stated that it has applied for digital asset custodian status and plans to launch its first crypto products on December 1 through the SberBank Online, SberInvestments, and SberBusiness platforms, initially supporting Bitcoin (BTC), Ether (ETH), and USDt (USDT).T-Invest Lab, Zefir, and Sistema-Crypto were included in the exchange operator list, while VTB Bank appears on both lists. The registrations are based on a cryptocurrency bill signed by Russian President Vladimir Putin in August, which brings exchanges, custodians, brokers, and investors under the supervision of the Bank of Russia, and maintains the prohibition on using cryptocurrency to pay for goods and services. (Cointelegraph)
Odaily News: Prediction market platform Kalshi's 15-minute gold market recorded 542 million contracts traded in September, with estimated fees of approximately $5 million, surpassing the Ethereum market's 318 million contracts and $2.6 million; the Bitcoin market's estimated fees during the same period reached $60.4 million.The gold contract was launched in August, allowing traders to bet on whether gold would rise or fall within 15 minutes. Kalshi stated that its commodity trading volume reached $400 million within 7 months of launch, more than 4 times the trading volume of the crypto market during the same period.In the 7 days ending October 5, fees from 15-minute crypto, commodity, and financial markets reached $20.4 million, accounting for 80% of the platform's non-sports fees; this category of markets contributed 13% of trading volume and 20% of fees. (Cointelegraph)
on October 7, WEEX Exchange announced the launch of the "Wall Street Tycoon × Monopoly" campaign. Users can register to receive dice, and by completing tasks such as spot US stock trading, futures trading, dice consumption, and inviting friends, they can earn more dice; rolling dice to advance on the board unlocks random rewards including BTC / ETH / USDT / WXT / stock tokens / bonuses / deduction credits / position airdrops / points / dice, and users can also participate daily in US stock matchup predictions to win more points and share in a million USDT prize pool. Campaign period: October 7, 00:00 to November 3, 23:59 (UTC+8).Among these, October 7 to 11 is the TOKEN2049 theme phase. Users who register on-site at TOKEN2049 Singapore to participate in the campaign can receive a limited VIP experience card. In addition, participants can visit the WEEX Alpha Suite to join roundtable forums, AMAs, AI trading experiences, and Mini Trading House interactions, and receive exquisite merchandise and custom souvenirs.