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first_img On-chain transaction infrastructure Orbs strategic investment CRYMBO

According to Chainwire, on-chain transaction infrastructure provider Orbs announced a strategic investment in CRYMBO.CRYMBO is a financial infrastructure platform aimed at licensed institutions, helping banks, payment service providers, and brokers launch digital asset services under their own brands and regulatory frameworks. The announcement stated that institutions entering the on-chain market need to handle identity verification, compliance, custody, settlement, payments, and reconciliation in addition to liquidity and blockchain technology.CRYMBO connects over 75 service providers through a single integration, covering custody, liquidity, banking channels, payments, identity verification, and transaction monitoring, allowing institutions to coordinate these services in a customized process while retaining service provider choices. The platform does not hold customer funds or private keys, and institutions operate under their own brands and licenses.Officials stated that the platform has served licensed institutions, processing a cumulative transaction volume of over $2 billion. The infrastructure is ISO 27001 certified and built in accordance with EU MiCA and Financial Action Task Force Travel Rule requirements.Orbs CEO Ran Hammer stated: The adoption of on-chain finance by institutions depends on infrastructure that adapts to the realities of regulated financial services. Orbs focuses on trading and execution, while CRYMBO provides the compliance, identity, and operational layers that institutions need.Orbs offers dSPOT spot trading, dPERPS perpetual contracts, and on-chain execution services through its own Layer 3 network, with a cumulative execution transaction volume exceeding $14 billion. CRYMBO founder and CEO Eyal Daskal stated: The collaboration between the two parties will help expand business and reach more customers.

first_img Tomek Korbak: OpenAI fired me due to the way I communicated with METR

Former OpenAI employee Tomek Korbak posted on X that last week he was called in to meet with OpenAI's head of security, who stated that they no longer trusted him. Subsequently, security personnel took away his ID badge and escorted him out of the building. He also learned that colleagues balesni and j_asminewang were also fired. Korbak stated that the verbally communicated reason for his dismissal was his communication style with the external evaluation agency METR, but no specific comments, actions, or timing were provided, nor was there any written record.Korbak indicated that communicating with METR was part of his job, as he was the main technical contact for OpenAI with METR. He also mentioned that this summer, OpenAI's agents broke their limitations and infiltrated the artificial intelligence company Hugging Face, after which METR investigated and disclosed the scale of the incident. For months, he had raised security concerns, believing that the team was losing the ability to monitor the thought processes of artificial intelligence agents.Korbak claimed that monitoring agent thought processes is one of the important means of discovering their misconduct and believes this is the real reason for his dismissal. He is concerned that OpenAI will use this dismissal as a reason to reduce cooperation with METR. Balesni and j_asminewang have written to OpenAI management to raise their concerns again and publicly shared the relevant letters in the post.

Analyst: Bitcoin long-term holders have reduced their holdings for 7 consecutive weeks, and the market is still absorbing the selling pressure

Cryptocurrency analyst Axel Adler stated that Bitcoin long-term holders (LTH) have reduced their holdings for the seventh consecutive week, but this has not yet hindered the rise in BTC prices, as the market continues to absorb the supply released by long-term holders.Data shows that the long-term holder supply change indicator remained positive from February to early August this year, during which long-term holders increased their holdings by approximately 1.2 million BTC in May. This indicator turned negative on August 17 and has been in a reduction state for seven consecutive weeks. As of September 28, the long-term holder supply change decreased by 73,400 BTC, a larger reduction compared to the decrease of 1,100 BTC a week earlier. Axel Adler pointed out that compared to the reduction of about 1.07 million BTC by long-term holders in November 2025, the current reduction scale is still relatively limited.If the future reduction scale of long-term holders reaches several hundred thousand BTC again, while BTC prices stop rising, it may indicate that the market's ability to absorb supply is declining. Additionally, the long-term holder SOPR indicator has been above 1 for the second consecutive week, indicating that long-term holders are taking profits. On September 21, this indicator rose to 1.24, the highest level since January of this year; as of September 28, the LTH SOPR was 1.18, meaning that BTC in transfer achieved approximately 18% realized profit compared to the cost basis. Current data shows that long-term holders are gradually taking profits as BTC prices rise, while new demand is still able to absorb the supply released by the market.

Forbes: Europe is accelerating the construction of alternatives to the US dollar stablecoin, with the digital euro and private stablecoins advancing on two fronts

As the US dollar stablecoin continues to dominate the on-chain payment market, Europe is accelerating the development of a digital currency system that reflects its own regulatory framework, monetary sovereignty, and privacy standards, gradually forming two parallel paths: "digital euro + private euro stablecoin." Among them, the European Central Bank is prioritizing privacy protection as an important design focus for the digital euro. Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro will provide the highest possible level of privacy under current technological conditions, with offline payments visible only to the payer and payee; in online transactions, the euro system cannot directly identify specific individuals, but banks can still obtain the information required for anti-money laundering.At the same time, private institutions have taken the lead in promoting euro stablecoins. Revolut has begun rolling out EURR to some users in Denmark, Poland, and Portugal, with plans to expand to the entire European Economic Area in the future. EURR operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe, aiming to maintain a stable value against 1 euro. Forbes points out that the digital euro and EURR are not simply in a substitutive relationship: the former is a public currency issued by the central bank, while the latter is a privately issued on-chain stablecoin. The European digital currency market is developing along these two models simultaneously, with competition focusing on privacy, usability, regulatory clarity, and actual economic value.
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