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According to EmberCN monitoring, PUMP has dropped 16% in the past 24 hours, and one address may be the driving force behind the decline. This address sold 1.264 billion PUMP in a single transaction on-chain about 7 hours ago, exchanging it for 5.483 million USDC, with an average transaction price of approximately $0.0043.Due to the large one-time sell-off, this transaction incurred about 5% slippage loss. Ember estimates that if the order had been split into multiple transactions, it could theoretically have cashed out about $5.78 million; this direct sale only obtained $5.48 million, resulting in a loss of about $300,000.

According to on-chain analyst Ai Yi's monitoring, a certain whale withdrew 1100 ETH from OKX 20 hours ago at a price of $2516.77, worth approximately $2.77 million; one hour ago, they replenished 2188 ETH at a price of $2416.89, worth approximately $5.29 million, with an average price of 3288 ETH being $2450.

OAK Research researcher Lilian Aliaga wrote that the on-chain options protocol Derive (formerly Lyra) has a nominal trading volume of $14.22 billion since January this year, approximately 2.6 times that of the entire year of 2025, accounting for nearly 75% of the on-chain options nominal trading volume and 88.1% of the paid premiums. The nominal trading volume in September was $3.43 billion, and it has exceeded $1 billion in the first week of October.The article states that Derive completed its V3 migration on October 6, 2026, abandoning its own chain and opting for zero-knowledge applications to settle directly on Ethereum, planning to become an options engine accessible to other applications. V3 introduces mutually isolated risk domains, including Prime covering BTC and ETH, an independent HYPE domain, an Alt domain covering SOL, XRP, ZEC, and DOGE, and an RWA domain covering tokenized gold.According to the article, Derive launched V2 in December 2023, replacing automated market makers with an order book as the main source of liquidity, and will launch portfolio margin in February 2024; Lyra will be renamed Derive in August 2024, and DRV will be launched in January 2025. In October 2025, FalconX became the publicly confirmed institutional market maker quoting on Derive, with collateral retained on its own side and positions represented on-chain in fxUSDC.

NVIDIA CEO Jensen Huang stated that the company will cut ties with clients developing unsafe artificial intelligence.

According to PR Newswire, the cryptocurrency payment platform Mesh announced the launch of Link Chat. The company stated that this is an AI-driven product experience within Mesh Link, allowing users to initiate financial operations using natural language.This capability has gone live and is being rolled out to partners, with plans to expand to the Mesh product stack, covering payments and other supported transaction types. Mesh was founded in 2020 and is building a cryptocurrency payment network connecting hundreds of exchanges, wallets, and financial service platforms.According to Mesh, after users make a request, the platform can present eligible accounts and funding sources, including connected accounts and compatible accounts that can be connected. An example intent is to deposit 50 USDC into an account.Users specify the action they intend to take and review and confirm the transaction details, after which Mesh orchestrates the connection between the funding source and the target platform, requiring user approval before the funds move. Relevant uses include transferring funds into accounts, completing payments, or other supported operations.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale sold $92,674.12 in a single transaction regarding the "Federal Reserve's October Decision" event, targeting "no change." Based on the current transaction price, the latest corresponding winning probability for this subject is 78%.

According to CoinDesk, Solana plans to implement the Alpenglow upgrade on October 21. This upgrade aims to reduce the transaction finality time to about 150 milliseconds and replace the existing voting system of the network with a faster certificate-based consensus mechanism.

According to official news, the PancakeSwap core team (The Kitchen) has released a tokenomics proposal titled "The Flip." This proposal suggests increasing the trading fee sharing ratio for PancakeSwap v3 and Infinity liquidity providers (LP) to 88% across all 11 supported chains, with the remaining 12% allocated as protocol fees to the treasury, while v2 remains unchanged.

Ripple announced the integration of the wallet technology from Privy, a subsidiary of Stripe, into the XRP Ledger, allowing financial applications and AI agents to create accounts, hold cryptocurrency assets, and complete payments without users needing to manage wallet software themselves. Developers can create wallets within their own products and authorize transfers involving XRP, the US dollar stablecoin RLUSD issued by Ripple, and other network assets. Privy is responsible for the wallet infrastructure, reducing the workload for application developers while supporting the export of private keys or mnemonic phrases for wallet migration to other platforms.This integration also allows AI agents or automated bots to hold funds and automatically pay for online data and service fees. Privy documentation states that wallets running on enterprise servers can allow software to hold and spend funds, including purchasing data access services through the x402 payment standard. J. Ayo Akinyele, head of engineering at RippleX, stated that the network has processed over 13 million agent payments via x402, accounting for about 25% of ledger activity. Data from the XRPL AI Hub operated by payment infrastructure developer t54 shows that as of Wednesday, cumulative transactions exceeded 14.3 million, covering 169 registered merchants.However, the cumulative transfer amount is much smaller than the scale suggested by the number of transactions, with the dashboard recording cumulative payments of approximately 6,991 XRP and 12,752 RLUSD, most transaction amounts being very small. Ripple began providing related tools to developers in June and expanded support for payment standards developed by Stripe and payment blockchain Tempo in September.

According to South Korean media Sedaily, South Korea plans to start taxing cryptocurrency in January next year, but there are still several loopholes in the tax infrastructure. The head of the National Tax Service, Lim Kwang-hyun, stated during a parliamentary audit that preparations are being made for the smooth implementation of the tax, but activities such as transfers between private wallets and trading on overseas platforms are still difficult to track comprehensively.Even with the introduction of the Crypto Asset Reporting Framework (CARF), it is challenging to cover all transactions. It is reported that the Bank of Korea also exposed related regulatory blind spots during a previous parliamentary audit.

According to an official press release from Bank of New York Mellon (BNY), BNY has completed a tri-party repurchase transaction process using tokenized U.S. Treasury securities with Citadel Securities, marking the first use of tokenized assets on a major tri-party repo platform.Citadel Securities purchased a 2-year U.S. Treasury bond through BNY on the Tradeweb platform, with the tokenized representation recorded on BNY's private digital ledger, and settlement completed in minutes instead of the standard T+1 settlement cycle; subsequently, Citadel Securities used it as collateral for overnight tri-party repo financing, with cash provided by BNY.BNY stated that it plans to launch more digital cash and tokenized deposit features to support on-chain settlement and financing, and expects to extend the operating hours of traditional settlement platforms to European and Asian trading sessions next year.

The total value of tokenized stocks has approached $3.3 billion, growing 15% over the past 30 days. Tokenized stock trading on major blockchains such as Solana and BNB Chain mostly occurs outside of regular trading hours in the U.S. Over 70% of tokenized stock trading volume on BNB Chain takes place outside of 9:30 AM to 4 PM Eastern Time, while this ratio for Solana and Base is 63% and nearly 60%, respectively.The trading volume of tokenized assets on the Solana trading platform Jupiter has increased by 50% month-over-month. The U.S. Securities and Exchange Commission (SEC) launched an "innovation exemption" last month, allowing eligible trading venues to trade tokenized U.S. stocks on public chains. SEC Commissioner Mark Uyeda stated that relevant platforms must disclose trading prices, volumes, timestamps, and daily trading volumes in U.S. dollars, as well as publicly disclose liquidity pool addresses and balances.

Mysten Labs reports that the Sui network has completed its first native post-quantum Devnet transaction. This Devnet implementation introduces the ML-DSA-65 account signature, allowing accounts to authorize transactions directly using this post-quantum signature scheme. ML-DSA-65 belongs to the ML-DSA series defined by the National Institute of Standards and Technology (NIST) FIPS 204 standard, and Sui uses it as the native protocol signature scheme for everyday accounts.Sui is also planning to introduce a hash-based SLH-DSA-SHA2-128s (FIPS 205) for high-value vaults in Move smart contracts. The two schemes are based on lattice-based and hash-based mathematical problems, respectively, so a weakness in one scheme will not affect the other. Since Sui keys are deterministically derived from seeds, users can migrate to post-quantum keys using existing mnemonic phrases; the already launched address aliases allow accounts to update authorization keys without transferring assets.Post-quantum accounts are being rolled out in an optional, incremental manner, following the online path of zkLogin and passkey. Sui states that the goal for the post-quantum vault is to go live on the mainnet within this year, with the native ML-DSA-65 accounts aiming to enter the testnet by the end of the year, and the mainnet native account authentication goal set for the first quarter of 2027, with the final timeline depending on independent audits and testnet feedback.

According to official news, Payy announced the initiation of the compensation process for affected users regarding the cross-chain bridge contract theft incident on September 24, with a claim application window of 30 days. Compliant claims will be compensated in the form of USDC on the Ethereum network.At the same time, Payy Wallet is currently in a suspended state and will be completely shut down after the compensation window ends.

Binance will launch RWUSD at 16:00 on October 13 and open the RWUSD/USDT spot trading pair. At the same time, Binance is introducing a zero-fee promotion for RWUSD spot and leveraged trading pairs, which will be valid until further notice. In addition, RWUSD will be used as collateral for the full-margin leveraged account and will support the RWUSD/USDT leveraged trading pair.

According to Forbes, venture capitalist Alex Lazarow wrote that in the past two years, Stripe, Mastercard, and Circle have acquired American stablecoin infrastructure company Bridge, British BVNK, and Singapore cross-border payment platform Tazapay, respectively, with a total transaction value exceeding $3 billion. These three companies were established between 2020 and 2022, raising a total of approximately $200 million, indicating that stablecoin payment infrastructure is becoming a field where traditional payment giants and cryptocurrency companies are competing to establish a presence.Among them, Stripe announced in 2024 that it would acquire Bridge for slightly over $1 billion; the total value of Mastercard's acquisition of BVNK could reach up to $1.8 billion, including $1.5 billion in base consideration and $300 million in contingent consideration; Circle agreed to acquire Tazapay for $400 million in stock, with the transaction expected to be completed in 2027. The growth in stablecoin adoption, the gradual clarification of regulatory frameworks, and the rising demand for real-time cross-border payments are the main factors driving mergers and acquisitions.Data shows that in 2025, the adjusted transaction volume of stablecoins is expected to grow by 91% year-on-year, reaching $10.9 trillion, close to Visa's $14.2 trillion; the scale of real-world payments is expected to more than double, reaching approximately $390 billion. These transactions reflect that acquirers value not only stablecoin technology but also verified business scale, payment networks, and compliance qualifications.As stablecoin payment infrastructure matures, applications such as dollar accounts, stablecoin payment cards, and cross-border remittances are also emerging, and in the future, more local infrastructure companies similar to Bridge and BVNK may be acquired in various regions around the world.

Binance will launch a zero-fee event for the KGST/USDT trading pair on October 14 at 08:00, lasting until January 14, 2027, at 07:59. All users who have completed identity verification will enjoy zero maker and taker fees when trading the KGST/USDT trading pair.

According to official website data, since the launch of the synthetic perpetual protocol Papertrade based on HyperEVM at 22:00 Beijing time yesterday, the platform has accumulated a nominal trading volume of over 57.3 billion USD, with open contract positions reaching 3.322 billion USD, and the total margin amount corresponding to all existing positions is 20.29 million USD.Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM, with price readings from the Hyperliquid order book BBO mid-price. Users interact directly with the protocol's liquidity providers as counterparties, rather than through traditional order book matching. The protocol emphasizes high leverage, zero slippage, and no funding rates. The native token PAPER has an initial supply of zero, with no pre-mining, team, or VC shares; the only source of minting is user losses or liquidations. Initially, the token cannot be freely transferred and is primarily used for staking.

According to a report by the WSJ, a previously undisclosed internal investigation report from Binance shows that Iranian financier Babak Zanjani used affiliated companies, shell companies, and multiple trading accounts to transfer funds through Binance, establishing a funding channel for the Iranian Islamic Revolutionary Guard Corps (IRGC) to evade Western sanctions. The related network involves 21 individual and corporate trading accounts, with a total trading volume of approximately $850 million, of which at least $67 million flowed from two accounts to wallets associated with the IRGC.The report indicates that Tajik businessman Sukhrob Oimakhmadov, classified as a "high-value customer" by Binance, received over $10 million through his account, with sources including digital wallets later identified by the Israeli Ministry of Defense as belonging to the IRGC. The cryptocurrency platform Zedcex, associated with Zanjani, had a total trading volume close to $830 million, with approximately $56 million withdrawn to related wallets. The network also involves the Turkish payment company ZedPay, as well as the cryptocurrency token USDZ used for trading.Binance stated that it has identified the related activities and taken measures, with all accounts associated with sanction violations being restricted from trading and gradually closed. The company also emphasized that the total trading volume of accounts does not equal the actual funds flowing into the IRGC and acknowledged past procedural issues in internal approvals and execution timeliness. The U.S. Department of the Treasury had previously imposed sanctions on Zanjani and related companies and individuals.

Ostium has released a design update on the second phase of the compensation plan for liquidity providers (OLP). This plan offers two compensation mechanisms for users who have losses exceeding 1,000 USDC and have not opted for Convenience Allocation:Default Plan A (USDC Installment Payment): Funding sources include recovered and future recovered funds (distributed proportionally after deducting the first phase portion), a specific share of revenue from the Ostium protocol and Gateway (initially 50% of Ostium opening fees), and potential partner incentives or revenue sharing.Optional Plan B (Ostium Labs Equity Conversion): Users who meet securities regulation requirements can convert part of their unrecovered losses into Ostium Labs equity at the valuation of the next round of financing, with the same class of shares as the team, and a total holding percentage for participating users subject to a fully diluted cap.The second phase portal is scheduled to launch on October 30, and eligible users can proportionally claim the allocated funds from Plan A; if they choose equity conversion, the portion of losses converted to equity will no longer be eligible for subsequent installment payments under Plan A, thereby helping to accelerate the repayment process for the remaining unconverted funds.Ostium emphasizes that this compensation plan is voluntarily initiated by the official and does not guarantee the full recovery of lost funds; specific implementation details and parameter scales are still being refined.