Important News from Last Night and This Morning (October 15th-16th)
PANewsOct 16, 2025
US SEC Chairman Plans a Path to Support Innovation in Cryptocurrency and Tokenization Regulation According to The Block, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins hopes that innovation in the cryptocurrency industry will flourish as the SEC prioritizes its regulation and explores regulatory pathways. At Fintech Week in Washington, DC, on Wednesday, he reiterated that cryptocurrency and tokenization are the SEC's "top priority," stating that a solid framework will be established to attract talent returning from the US while fostering a sound framework to promote innovation. He half-jokingly referred to the SEC as the "Securities and Innovation Commission." Atkins also mentioned plans for innovation exemptions, among other initiatives, with the goal of creating "super apps" that would bring together multiple regulators focused on cryptocurrency. He questioned why companies would need to register with multiple agencies if everyone shared the same goal. The government shutdown, now in its second week, has stalled the SEC's work. Congress failed to reach a funding agreement earlier this month, leading to unpaid employee furloughs and significant restrictions on federal agency operations. UK plans to compensate Chinese victims of $6.8 billion Bitcoin scam According to Decrypt, British prosecutors are planning to compensate victims of a nearly $7 billion Bitcoin scam in China, despite the UK government's intention to retain most of the funds. In September, Chinese citizen Qian Zhimin pleaded guilty to possessing $6.8 billion worth of Bitcoin as criminal property. Between 2014 and 2017, Qian defrauded over 128,000 Chinese citizens through fraudulent investments. Qian then converted the proceeds into Bitcoin and attempted to launder them, fleeing to the UK with forged documents. The London Metropolitan Police seized the stolen Bitcoin between 2018 and 2021. Prosecutors have yet to release details of the compensation package. Jackson Ng, a lawyer representing the investors, stated, "Given the unprecedented scale of the seizure and public debate over the potential proceeds, our position is clear: compensation for the victims must be prioritized." However, Nick Harris, CEO of the UK-based crypto asset recovery firm CryptoCare, warned that the UK may retain the seized Bitcoin under relevant laws and mechanisms, potentially leaving victims disappointed. Fed Governor Milan warns: Trade uncertainty intensifies, urgency for rate cuts increases Federal Reserve Beige Book: Economic activity has remained flat in recent weeks and labor demand has been sluggish . Bank of England says it will remove stablecoin restrictions once economic threat eases According to Bloomberg, the Bank of England (BoE) said it will remove proposed limits on the amount of stablecoins that individuals and businesses can hold once digital assets no longer pose a threat to the economy. Deputy Governor Sarah Breeden noted that rapid adoption of stablecoins could trigger a "massive" outflow of bank deposits, hindering the flow of credit to businesses and households. To this end, the BoE is considering restrictions on the amount of systemic stablecoins held by clients, the overall size of stablecoins, and the volume of transactions. These restrictions are intended to be "temporary" and will be lifted once it is determined that the transition no longer threatens financing for the real economy. Previously, experts had expressed concern that these restrictions would hinder the adoption of stablecoins pegged to the British pound, but this statement represents a significant softening of the BoE's policy stance. Breeden also stated that if initial regulations are relaxed and stablecoin usage surges, subsequent rule changes may be necessary, but large businesses could be exempted from holding additional stablecoins if necessary. She disputed criticism that the UK is lagging behind in the stablecoin sector and stated that the UK will launch a consultation later and finalize a regulatory framework next year that aligns with US objectives. Basel Committee Chair: Stablecoin craze may prompt review of new bank capital standards related to crypto assets According to Bloomberg, Erik Thedéen, chairman of the Basel Committee on Banking Supervision, said on Wednesday that the rapid growth of stablecoins could prompt global policymakers to reassess new bank capital standards for crypto assets. He stated that stablecoins are currently a hot topic, but when policymakers develop new crypto asset capital rules in 2022, they "will not be a focus," so "this is one of the reasons why we may need to discuss and evaluate." However, he added that any changes would require a "very thorough" process and discussions with the committee's member states, some of which have already implemented the package. The measures, originally scheduled for implementation next year, would require banks to charge the same punitive capital charges for holding most stablecoins as for holding riskier cryptocurrencies like Bitcoin. India's central bank governor: We hope to promote central bank digital currency in India Governor of the Reserve Bank of India: We hope to promote central bank digital currency in India, not cryptocurrency or stablecoin. US regulators approve billionaire-backed new bank 'Erebor' for launch According to the Financial Times, US regulators have given preliminary, conditional approval to Erebor, a new bank founded by Palmer Luckey and Joe Lonsdale. The bank's target clients are "innovation economy" companies and investors involved in crypto, AI, defense, and manufacturing. Erebor, backed by $275 million in capital, plans to focus on digital services, filling the market gap left by the collapse of SVB. Stablecoins will be a key focus. The co-founders previously donated to Trump's 2024 re-election campaign but claim they received no special approval. Erebor, headquartered in Columbus, Ohio, with a New York office, is expected to officially open in the coming months. Stablecoins will be a key component of the bank's operations. Co-CEOs are Jacob Hirshman and Owen Rapaport. Luckey and Lonsdale will not be involved in day-to-day operations. Polymarket Launches Stock "Up/Down" Prediction Market: Users Can Bet on Stock Price Trends Polymarket has officially launched the Up/Down Equity Markets, allowing users to place “up/down” bets on the future price of a specific stock. Paxos mistakenly issued 300 trillion $PYUSD and has now destroyed it, citing an internal technical glitch. According to Bloomberg, stablecoin issuer Paxos stated that it mistakenly minted 300 trillion $PYUSD stablecoins early this morning, but destroyed the tokens minutes later. The amount of this erroneous transaction far exceeds the size of both the traditional currency market and the entire crypto market. There are currently approximately $2.4 trillion in US dollars in circulation. Tether's USDT, the world's largest stablecoin, has a market capitalization of $180.6 billion, while the entire cryptocurrency market is valued at approximately $3.8 trillion. Furthermore, Paxos officials stated: "This was an internal technical failure. No security breach occurred. Customer funds are safe. The root cause has been identified and resolved." Meteora: MET token distribution query tool will be launched today at 20:00 Meteora, the Solana ecosystem's liquidity protocol, announced on the X platform that the MET token allocation query tool will officially launch at 8:00 PM Beijing Time on October 16, 2025. On this website, users can choose to claim the liquidity distributor NFT (first-come, first-served, 7% of the total), view the complete token allocation breakdown by factor, browse the TGE launch website, and watch related videos. Note: Users do not need to register to receive MET tokens; the default option is to receive MET tokens. Users only need to select the claim option if they wish to receive the liquidity distributor NFT. Binance Completes Acquisition of South Korean Crypto Exchange Gopax Binance has completed its acquisition of Gopax, a South Korean cryptocurrency exchange, according to a report by The Block, citing local South Korean news outlet MK. On Wednesday, after a delay of more than two years, the South Korean Financial Intelligence Analysis Service approved a change in key management personnel at Gopax. Gopax applied for this change in February 2023, after Binance acquired a 67% majority stake. Previously, South Korean regulators had delayed fully approving Binance's acquisition of Gopax, citing potential anti-money laundering risks. Local media reports indicate that the approval appears to have been driven by Binance's resolution of compliance issues in the United States. This approval signals Binance's re-entry into the South Korean market after closing its local operations in 2021. Jupiter announced major structural adjustments to the $JUP ecosystem, including a vote on whether to destroy 121 million $JUP tokens. According to SolanaFloor, Jupiter announced major structural changes to the $JUP ecosystem. The DAO will shift to high-impact governance, with fewer proposals and the elimination of working groups. The $JUP redemption period will be shortened from 30 days to 7 days. The DAO will hold a separate vote on whether to burn the 121 million $JUP currently held by the Litterbox Trust (approximately 3.8% of the circulating supply), followed by another vote on how to manage future revenue. Coinbase Launches "Blue Carpet Project" to Simplify and Strengthen Support for Asset Issuers According to an official blog post, Coinbase announced the launch of "The Blue Carpet Program," a new suite of products and services designed to streamline and strengthen support for asset issuers, from initial application through post-listing. The program provides issuers with direct access to the Coinbase listing team for personalized guidance, along with customized resources to help projects accurately showcase themselves, connect with reliable partners, and adapt to evolving regulatory standards. Eric Trump Confirms Plans to Tokenize Real Estate with World Liberty Financial According to CoinDesk, Eric Trump, son of US President Donald Trump and co-founder of the decentralized finance protocol $WLFI, has stated that he is actively pursuing a real estate tokenization project related to buildings currently under development. He stated that the project could offer fractional ownership to the public, possibly through a cryptocurrency channel built by World Liberty Financial. Previously, $WLFI co-founder Zach Witkoff had proposed tokenizing Trump's real estate portfolio and putting it on a blockchain. Kraken-incubated Ethereum L2 project Ink launches Tydro, a lending protocol based on Aave v3 According to The Block, Kraken-backed Ethereum Layer 2 network Ink has officially launched Tydro, a white-label lending protocol built on Aave v3 and supporting its native INK token as an incentive. Tydro will serve as the core DeFi infrastructure of the Ink ecosystem, initially supporting assets such as wETH, kBTC, USDG, USDT0, and GHO. Users can accumulate points to participate in future airdrops, and Kraken plans to integrate Tydro into its centralized exchange products. The total locked value of Ink's on-chain assets has exceeded $140 million. Sony Bank subsidiary Connectia Trust is applying for a U.S. national banking license According to Decrypt, Sony's application documents indicate that its banking division is applying for a U.S. national banking license. Upon approval, its subsidiary, Connectia Trust, will be able to conduct "specific businesses involving cryptocurrencies." Sony plans to have the new trust institution issue stablecoins pegged to the U.S. dollar, hold corresponding reserve assets, and provide custody and digital asset management services. The application documents also state that in the initial stages of operations, the trust bank will conduct digital asset business approved by the Office of the Comptroller of the Currency, including issuing U.S. dollar stablecoins, holding reserves, providing non-trust custody services, and providing trust asset management for related parties. Sony Bank is part of Sony Group, a multinational corporation that also owns PlayStation maker Sony Interactive Entertainment. It should be noted that the two companies are independent of each other and are both members of the hundreds of companies and subsidiaries under the Sony Group. Dota 2's official YouTube channel was briefly hacked to promote the Solana meme coin. According to Decrypt, the official Dota 2 YouTube channel was briefly hacked on Wednesday, with the attacker promoting a Solana-based token, dota2coin, through a fraudulent livestream. While there's currently no evidence of user data compromise, Decrypt confirmed the existence of the video through log records. The livestream, titled "Dota 2 Official Meme $Coin Launch | Come Quick," included a $link to the PumpFun token, whose description in turn linked back to the official Dota 2 channel. As of press time, the meme $coin's market capitalization has fallen to approximately $5,500, down approximately 21% from its launch. On-chain data shows that the token was created within hours of the attack, with less than 3% of the bonding curve progressing, and over 98% of the token supply concentrated in a single wallet. North Korean hackers uploaded over 300 malicious code packages targeting blockchain companies to the mainstream software library npm According to Decrypt, US cybersecurity firm Socket reported that a North Korean hacker group uploaded over 300 malicious code packages to the popular software repository npm. Disguised as misspelled versions of popular libraries (such as express and hardhat), these packages were implanted with malware capable of stealing passwords and crypto-wallet keys. This operation, dubbed "Infectious Interview," involved hackers impersonating technical recruiters and targeting blockchain and Web3 developers. Some of the malicious packages remained online after approximately 50,000 downloads. Researchers traced the malicious code back to the North Korean group through code patterns, with the loader script using memory decryption techniques to avoid leaving traces. Although GitHub has strengthened its verification and removed some malicious packages, supply chain security threats continue to spread. ZachXBT reveals details of its investigation into the 2024 Bittensor hack: identifying suspects through NFT wash sales and earning a white hat bounty. ZachXBT has revealed that its investigation into the 2024 Bittensor ($TAO) theft led to the identification of a suspect and a white hat bounty for their work. The case resulted in the theft of over $28 million from 32 $TAO holders. ZachXBT uncovered the theft by linking on-chain transaction traces, Railgun privacy protocol flows, Avalanche bridge records, and unusual NFT wash sales (such as the purchase of anime NFTs at prices significantly above the floor price) to the address of a former employee. Typus Finance was attacked by a oracle vulnerability and has urgently suspended all contracts Typus Finance announced that its TLP contract was attacked approximately an hour ago by exploiting a vulnerability in the oracle's permission verification mechanism. To protect users, the team has immediately suspended all smart contracts and is collaborating with the Sui Foundation to conduct an urgent investigation. Further details and response plans will be released later. SoloTex receives FINRA approval to launch blockchain-based stock trading platform in the US According to CoinDesk, Texture Capital and Sologenic's SoloTex platform has received FINRA approval and plans to offer "real on-chain" stock ownership to US retail users. Built by Texture Capital, a FINRA-registered broker-dealer, the platform aims to tokenize traditional stocks and settle them on-chain, making it accessible to retail traders. Executives stated that SoloTex will enable compliant issuance, custody, and secondary trading, supporting the tokenization and transfer of US stock assets. Binance explains the $coin listing process: No profit is made from the listing process, and all project airdrops go to users According to Binance's official announcement, the platform does not profit from the $coin listing process, and all token allocations to project parties will be used 100% for user incentive activities such as Alpha Airdrop, Launchpool, holding airdrops, and trading competitions. Project parties are required to pay a refundable deposit to protect user interests and constrain the project's subsequent operational performance. Once the commitment is fulfilled, the deposit will be fully refunded. Binance emphasizes that its core revenue model is transaction fees, not listing fees. Currently, 217 projects have joined the Alpha program, 103 have launched contracts, and 36 have launched spot products. Binance also apologized for the earlier customer service response incident, stating that the communication method was inappropriate and that it will strengthen communication with the community. BlackRock and Nvidia lead $40 billion Aligned acquisition to expand AI data center infrastructure According to the Financial Times, a consortium comprising BlackRock, Nvidia, xAI, and Microsoft announced the acquisition of US data center giant Aligned Data Centers for approximately $40 billion. This move aims to meet the rapidly growing global demand for AI computing power. The consortium, which also includes GIP, MGX, Temasek, and the Kuwait Investment Authority, plans to double Aligned's 50 campuses in the Americas and leverage a $100 billion capital pool through the AI Infrastructure Partnership for further acquisitions and development. Coinbase to Launch Yield Basis Perpetual Contracts According to Coinbase Markets, trading for the Yield Basis ($YB) perpetual contract will launch in supported regions at 14:00 UTC on October 15, subject to liquidity conditions being met. Coinbase to List DoubleZero ($2Z) with an “Experimental” Label Coinbase Markets announced that it will open spot trading of DoubleZero ($2Z) against the US dollar at 1:00 AM (Beijing Time) on October 17, 2025, subject to liquidity conditions being met. $2Z is the Solana network's SPL token, with the contract address J6pQQ3…Mfvd. Deposits are only supported on that network; misuse of other chains will result in asset loss. The token will be labeled "experimental" and will be accessible to institutional users through Coinbase Exchange. Coinbase will suspend $OMNI perpetual contract trading on October 21 and conduct final settlement Coinbase Markets announced that it will suspend trading of $Omni Network ($OMNI) perpetual contracts at 6:30 PM (Beijing Time) on October 21, 2025. The final settlement price will be the average index price for the 60 minutes prior to the suspension, and the final funding rate cycle will be set to 0. All open positions will be automatically settled, and Coinbase reserves the right to adjust the settlement price. Yield Basis ($YB) Now Available on Binance Alpha Binance Alpha Lists $Recall Network ($RECALL) Coinbase Adds $BNB ($BNB) to Its Asset Roadmap YZi Labs announces $50 million funding lead for stablecoin project Better Payment Network YZi Labs has officially announced that it has led a $50 million funding round in the Better Payment Network (BPN) to accelerate the development of a multi-stablecoin payment infrastructure, furthering its commitment to supporting scalable, real-world blockchain applications that connect traditional finance with on-chain systems. The newly raised funds will primarily be used to establish initial on-chain liquidity pools for stablecoin-to-stablecoin channels and develop an early market-making ecosystem. BPN, according to the company, aims to bridge CeFi and DeFi by providing a unified layer on the $BNB chain for the minting, exchange, and settlement of fiat-backed stablecoins, enabling faster, lower-cost, and regulatory-compliant cross-border payments across global markets. Bitmine allegedly received 104,336 $ETH worth $416 million from CEX via 5 new wallets According to Onchain Lens, five newly created wallets received 104,336 $ETH worth $416 million from BitGo and Kraken, and these wallets are likely to belong to Bitmine. Lubian Wallet transferred out another 2,128 $BTC, bringing the total amount transferred out to over 11,885 today. The mysterious whale who shorted $BTC for $140 million has liquidated his position and taken profits, earning $2.683 million In the past 10 hours, a certain address transferred 8.22 million $ASTER to Binance again, equivalent to approximately US$11.46 million. A whale/institution bought 10,000 $ETH again through OTC bottom fishing A new wallet withdrew $16.92 million worth of $LINK tokens from Binance [The Block][Decrypt][Bloomberg][Financial Times][CoinDesk][SolanaFloor][Binance][Coinbase Markets][Onchain Lens]
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Important News from Last Night and This Morning (October 15th-16th)
PANewsOct 16, 2025
US SEC Chairman Plans a Path to Support Innovation in Cryptocurrency and Tokenization Regulation According to The Block, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins hopes that innovation in the cryptocurrency industry will flourish as the SEC prioritizes its regulation and explores regulatory pathways. At Fintech Week in Washington, DC, on Wednesday, he reiterated that cryptocurrency and tokenization are the SEC's "top priority," stating that a solid framework will be established to attract talent returning from the US while fostering a sound framework to promote innovation. He half-jokingly referred to the SEC as the "Securities and Innovation Commission." Atkins also mentioned plans for innovation exemptions, among other initiatives, with the goal of creating "super apps" that would bring together multiple regulators focused on cryptocurrency. He questioned why companies would need to register with multiple agencies if everyone shared the same goal. The government shutdown, now in its second week, has stalled the SEC's work. Congress failed to reach a funding agreement earlier this month, leading to unpaid employee furloughs and significant restrictions on federal agency operations. UK plans to compensate Chinese victims of $6.8 billion Bitcoin scam According to Decrypt, British prosecutors are planning to compensate victims of a nearly $7 billion Bitcoin scam in China, despite the UK government's intention to retain most of the funds. In September, Chinese citizen Qian Zhimin pleaded guilty to possessing $6.8 billion worth of Bitcoin as criminal property. Between 2014 and 2017, Qian defrauded over 128,000 Chinese citizens through fraudulent investments. Qian then converted the proceeds into Bitcoin and attempted to launder them, fleeing to the UK with forged documents. The London Metropolitan Police seized the stolen Bitcoin between 2018 and 2021. Prosecutors have yet to release details of the compensation package. Jackson Ng, a lawyer representing the investors, stated, "Given the unprecedented scale of the seizure and public debate over the potential proceeds, our position is clear: compensation for the victims must be prioritized." However, Nick Harris, CEO of the UK-based crypto asset recovery firm CryptoCare, warned that the UK may retain the seized Bitcoin under relevant laws and mechanisms, potentially leaving victims disappointed. Fed Governor Milan warns: Trade uncertainty intensifies, urgency for rate cuts increases Federal Reserve Beige Book: Economic activity has remained flat in recent weeks and labor demand has been sluggish . Bank of England says it will remove stablecoin restrictions once economic threat eases According to Bloomberg, the Bank of England (BoE) said it will remove proposed limits on the amount of stablecoins that individuals and businesses can hold once digital assets no longer pose a threat to the economy. Deputy Governor Sarah Breeden noted that rapid adoption of stablecoins could trigger a "massive" outflow of bank deposits, hindering the flow of credit to businesses and households. To this end, the BoE is considering restrictions on the amount of systemic stablecoins held by clients, the overall size of stablecoins, and the volume of transactions. These restrictions are intended to be "temporary" and will be lifted once it is determined that the transition no longer threatens financing for the real economy. Previously, experts had expressed concern that these restrictions would hinder the adoption of stablecoins pegged to the British pound, but this statement represents a significant softening of the BoE's policy stance. Breeden also stated that if initial regulations are relaxed and stablecoin usage surges, subsequent rule changes may be necessary, but large businesses could be exempted from holding additional stablecoins if necessary. She disputed criticism that the UK is lagging behind in the stablecoin sector and stated that the UK will launch a consultation later and finalize a regulatory framework next year that aligns with US objectives. Basel Committee Chair: Stablecoin craze may prompt review of new bank capital standards related to crypto assets According to Bloomberg, Erik Thedéen, chairman of the Basel Committee on Banking Supervision, said on Wednesday that the rapid growth of stablecoins could prompt global policymakers to reassess new bank capital standards for crypto assets. He stated that stablecoins are currently a hot topic, but when policymakers develop new crypto asset capital rules in 2022, they "will not be a focus," so "this is one of the reasons why we may need to discuss and evaluate." However, he added that any changes would require a "very thorough" process and discussions with the committee's member states, some of which have already implemented the package. The measures, originally scheduled for implementation next year, would require banks to charge the same punitive capital charges for holding most stablecoins as for holding riskier cryptocurrencies like Bitcoin. India's central bank governor: We hope to promote central bank digital currency in India Governor of the Reserve Bank of India: We hope to promote central bank digital currency in India, not cryptocurrency or stablecoin. US regulators approve billionaire-backed new bank 'Erebor' for launch According to the Financial Times, US regulators have given preliminary, conditional approval to Erebor, a new bank founded by Palmer Luckey and Joe Lonsdale. The bank's target clients are "innovation economy" companies and investors involved in crypto, AI, defense, and manufacturing. Erebor, backed by $275 million in capital, plans to focus on digital services, filling the market gap left by the collapse of SVB. Stablecoins will be a key focus. The co-founders previously donated to Trump's 2024 re-election campaign but claim they received no special approval. Erebor, headquartered in Columbus, Ohio, with a New York office, is expected to officially open in the coming months. Stablecoins will be a key component of the bank's operations. Co-CEOs are Jacob Hirshman and Owen Rapaport. Luckey and Lonsdale will not be involved in day-to-day operations. Polymarket Launches Stock "Up/Down" Prediction Market: Users Can Bet on Stock Price Trends Polymarket has officially launched the Up/Down Equity Markets, allowing users to place “up/down” bets on the future price of a specific stock. Paxos mistakenly issued 300 trillion PYUSD and has now destroyed it, citing an internal technical glitch. According to Bloomberg, stablecoin issuer Paxos stated that it mistakenly minted 300 trillion PYUSD stablecoins early this morning, but destroyed the tokens minutes later. The amount of this erroneous transaction far exceeds the size of both the traditional currency market and the entire crypto market. There are currently approximately $2.4 trillion in US dollars in circulation. Tether's USDT, the world's largest stablecoin, has a market capitalization of $180.6 billion, while the entire cryptocurrency market is valued at approximately $3.8 trillion. Furthermore, Paxos officials stated: "This was an internal technical failure. No security breach occurred. Customer funds are safe. The root cause has been identified and resolved." Meteora: MET token distribution query tool will be launched today at 20:00 Meteora, the Solana ecosystem's liquidity protocol, announced on the X platform that the MET token allocation query tool will officially launch at 8:00 PM Beijing Time on October 16, 2025. On this website, users can choose to claim the liquidity distributor NFT (first-come, first-served, 7% of the total), view the complete token allocation breakdown by factor, browse the TGE launch website, and watch related videos. Note: Users do not need to register to receive MET tokens; the default option is to receive MET tokens. Users only need to select the claim option if they wish to receive the liquidity distributor NFT. Binance Completes Acquisition of South Korean Crypto Exchange Gopax Binance has completed its acquisition of Gopax, a South Korean cryptocurrency exchange, according to a report by The Block, citing local South Korean news outlet MK. On Wednesday, after a delay of more than two years, the South Korean Financial Intelligence Analysis Service approved a change in key management personnel at Gopax. Gopax applied for this change in February 2023, after Binance acquired a 67% majority stake. Previously, South Korean regulators had delayed fully approving Binance's acquisition of Gopax, citing potential anti-money laundering risks. Local media reports indicate that the approval appears to have been driven by Binance's resolution of compliance issues in the United States. This approval signals Binance's re-entry into the South Korean market after closing its local operations in 2021. Jupiter announced major structural adjustments to the JUP ecosystem, including a vote on whether to destroy 121 million JUP tokens. According to SolanaFloor, Jupiter announced major structural changes to the JUP ecosystem. The DAO will shift to high-impact governance, with fewer proposals and the elimination of working groups. The JUP redemption period will be shortened from 30 days to 7 days. The DAO will hold a separate vote on whether to burn the 121 million JUP currently held by the Litterbox Trust (approximately 3.8% of the circulating supply), followed by another vote on how to manage future revenue. Coinbase Launches "Blue Carpet Project" to Simplify and Strengthen Support for Asset Issuers According to an official blog post, Coinbase announced the launch of "The Blue Carpet Program," a new suite of products and services designed to streamline and strengthen support for asset issuers, from initial application through post-listing. The program provides issuers with direct access to the Coinbase listing team for personalized guidance, along with customized resources to help projects accurately showcase themselves, connect with reliable partners, and adapt to evolving regulatory standards. Eric Trump Confirms Plans to Tokenize Real Estate with World Liberty Financial According to CoinDesk, Eric Trump, son of US President Donald Trump and co-founder of the decentralized finance protocol WLFI, has stated that he is actively pursuing a real estate tokenization project related to buildings currently under development. He stated that the project could offer fractional ownership to the public, possibly through a cryptocurrency channel built by World Liberty Financial. Previously, WLFI co-founder Zach Witkoff had proposed tokenizing Trump's real estate portfolio and putting it on a blockchain. Kraken-incubated Ethereum L2 project Ink launches Tydro, a lending protocol based on Aave v3 According to The Block, Kraken-backed Ethereum Layer 2 network Ink has officially launched Tydro, a white-label lending protocol built on Aave v3 and supporting its native INK token as an incentive. Tydro will serve as the core DeFi infrastructure of the Ink ecosystem, initially supporting assets such as wETH, kBTC, USDG, USDT0, and GHO. Users can accumulate points to participate in future airdrops, and Kraken plans to integrate Tydro into its centralized exchange products. The total locked value of Ink's on-chain assets has exceeded $140 million. Sony Bank subsidiary Connectia Trust is applying for a U.S. national banking license According to Decrypt, Sony's application documents indicate that its banking division is applying for a U.S. national banking license. Upon approval, its subsidiary, Connectia Trust, will be able to conduct "specific businesses involving cryptocurrencies." Sony plans to have the new trust institution issue stablecoins pegged to the U.S. dollar, hold corresponding reserve assets, and provide custody and digital asset management services. The application documents also state that in the initial stages of operations, the trust bank will conduct digital asset business approved by the Office of the Comptroller of the Currency, including issuing U.S. dollar stablecoins, holding reserves, providing non-trust custody services, and providing trust asset management for related parties. Sony Bank is part of Sony Group, a multinational corporation that also owns PlayStation maker Sony Interactive Entertainment. It should be noted that the two companies are independent of each other and are both members of the hundreds of companies and subsidiaries under the Sony Group. Dota 2's official YouTube channel was briefly hacked to promote the Solana meme coin. According to Decrypt, the official Dota 2 YouTube channel was briefly hacked on Wednesday, with the attacker promoting a Solana-based token, dota2coin, through a fraudulent livestream. While there's currently no evidence of user data compromise, Decrypt confirmed the existence of the video through log records. The livestream, titled "Dota 2 Official Meme Coin Launch | Come Quick," included a link to the PumpFun token, whose description in turn linked back to the official Dota 2 channel. As of press time, the meme coin's market capitalization has fallen to approximately $5,500, down approximately 21% from its launch. On-chain data shows that the token was created within hours of the attack, with less than 3% of the bonding curve progressing, and over 98% of the token supply concentrated in a single wallet. North Korean hackers uploaded over 300 malicious code packages targeting blockchain companies to the mainstream software library npm According to Decrypt, US cybersecurity firm Socket reported that a North Korean hacker group uploaded over 300 malicious code packages to the popular software repository npm. Disguised as misspelled versions of popular libraries (such as express and hardhat), these packages were implanted with malware capable of stealing passwords and crypto-wallet keys. This operation, dubbed "Infectious Interview," involved hackers impersonating technical recruiters and targeting blockchain and Web3 developers. Some of the malicious packages remained online after approximately 50,000 downloads. Researchers traced the malicious code back to the North Korean group through code patterns, with the loader script using memory decryption techniques to avoid leaving traces. Although GitHub has strengthened its verification and removed some malicious packages, supply chain security threats continue to spread. ZachXBT reveals details of its investigation into the 2024 Bittensor hack: identifying suspects through NFT wash sales and earning a white hat bounty. ZachXBT has revealed that its investigation into the 2024 Bittensor ($TAO) theft led to the identification of a suspect and a white hat bounty for their work. The case resulted in the theft of over $28 million from 32 TAO holders. ZachXBT uncovered the theft by linking on-chain transaction traces, Railgun privacy protocol flows, Avalanche bridge records, and unusual NFT wash sales (such as the purchase of anime NFTs at prices significantly above the floor price) to the address of a former employee. Typus Finance was attacked by a oracle vulnerability and has urgently suspended all contracts Typus Finance announced that its TLP contract was attacked approximately an hour ago by exploiting a vulnerability in the oracle's permission verification mechanism. To protect users, the team has immediately suspended all smart contracts and is collaborating with the Sui Foundation to conduct an urgent investigation. Further details and response plans will be released later. SoloTex receives FINRA approval to launch blockchain-based stock trading platform in the US According to CoinDesk, Texture Capital and Sologenic's SoloTex platform has received FINRA approval and plans to offer "real on-chain" stock ownership to US retail users. Built by Texture Capital, a FINRA-registered broker-dealer, the platform aims to tokenize traditional stocks and settle them on-chain, making it accessible to retail traders. Executives stated that SoloTex will enable compliant issuance, custody, and secondary trading, supporting the tokenization and transfer of US stock assets. Binance explains the coin listing process: No profit is made from the listing process, and all project airdrops go to users According to Binance's official announcement, the platform does not profit from the coin listing process, and all token allocations to project parties will be used 100% for user incentive activities such as Alpha Airdrop, Launchpool, holding airdrops, and trading competitions. Project parties are required to pay a refundable deposit to protect user interests and constrain the project's subsequent operational performance. Once the commitment is fulfilled, the deposit will be fully refunded. Binance emphasizes that its core revenue model is transaction fees, not listing fees. Currently, 217 projects have joined the Alpha program, 103 have launched contracts, and 36 have launched spot products. Binance also apologized for the earlier customer service response incident, stating that the communication method was inappropriate and that it will strengthen communication with the community. BlackRock and Nvidia lead $40 billion Aligned acquisition to expand AI data center infrastructure According to the Financial Times, a consortium comprising BlackRock, Nvidia, xAI, and Microsoft announced the acquisition of US data center giant Aligned Data Centers for approximately $40 billion. This move aims to meet the rapidly growing global demand for AI computing power. The consortium, which also includes GIP, MGX, Temasek, and the Kuwait Investment Authority, plans to double Aligned's 50 campuses in the Americas and leverage a $100 billion capital pool through the AI Infrastructure Partnership for further acquisitions and development. Coinbase to Launch Yield Basis Perpetual Contracts According to Coinbase Markets, trading for the Yield Basis (YB) perpetual contract will launch in supported regions at 14:00 UTC on October 15, subject to liquidity conditions being met. Coinbase to List DoubleZero (2Z) with an “Experimental” Label Coinbase Markets announced that it will open spot trading of DoubleZero (2Z) against the US dollar at 1:00 AM (Beijing Time) on October 17, 2025, subject to liquidity conditions being met. 2Z is the Solana network's SPL token, with the contract address J6pQQ3…Mfvd. Deposits are only supported on that network; misuse of other chains will result in asset loss. The token will be labeled "experimental" and will be accessible to institutional users through Coinbase Exchange. Coinbase will suspend OMNI perpetual contract trading on October 21 and conduct final settlement Coinbase Markets announced that it will suspend trading of Omni Network (OMNI) perpetual contracts at 6:30 PM (Beijing Time) on October 21, 2025. The final settlement price will be the average index price for the 60 minutes prior to the suspension, and the final funding rate cycle will be set to 0. All open positions will be automatically settled, and Coinbase reserves the right to adjust the settlement price. Yield Basis (YB) Now Available on Binance Alpha Binance Alpha Lists Recall Network (RECALL) Coinbase Adds BNB (BNB) to Its Asset Roadmap YZi Labs announces $50 million funding lead for stablecoin project Better Payment Network YZi Labs has officially announced that it has led a $50 million funding round in the Better Payment Network (BPN) to accelerate the development of a multi-stablecoin payment infrastructure, furthering its commitment to supporting scalable, real-world blockchain applications that connect traditional finance with on-chain systems. The newly raised funds will primarily be used to establish initial on-chain liquidity pools for stablecoin-to-stablecoin channels and develop an early market-making ecosystem. BPN, according to the company, aims to bridge CeFi and DeFi by providing a unified layer on the BNB chain for the minting, exchange, and settlement of fiat-backed stablecoins, enabling faster, lower-cost, and regulatory-compliant cross-border payments across global markets. Bitmine allegedly received 104,336 ETH worth $416 million from CEX via 5 new wallets According to Onchain Lens, five newly created wallets received 104,336 ETH worth $416 million from BitGo and Kraken, and these wallets are likely to belong to Bitmine. Lubian Wallet transferred out another 2,128 BTC, bringing the total amount transferred out to over 11,885 today. The mysterious whale who shorted BTC for $140 million has liquidated his position and taken profits, earning $2.683 million In the past 10 hours, a certain address transferred 8.22 million ASTER to Binance again, equivalent to approximately US$11.46 million. A whale/institution bought 10,000 ETH again through OTC bottom fishing A new wallet withdrew $16.92 million worth of LINK tokens from Binance [The Block][Decrypt][Bloomberg][Financial Times][CoinDesk][SolanaFloor][Binance][Coinbase Markets][Onchain Lens]
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