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Aster updates the token unlocking plan, and RootData adjusts the data synchronously after official confirmation

Recently, the Aster team provided feedback to RootData regarding some adjustments needed in the previously released token unlock data. After receiving the feedback, RootData verified the information against Aster's official documentation and several similar token unlock data platforms, finding no significant discrepancies between the previously recorded information and the publicly available documents at that time.Subsequently, RootData communicated further with the Aster official team and updated the on-site Aster token unlock data based on the latest confirmed information from the project team. Currently, some third-party token unlock data platforms have not yet synchronized this official document adjustment, making RootData one of the earlier platforms to complete the relevant data updates.This adjustment mainly involves two categories: Airdrop and Ecosystem & Community, with the specific changes as follows:1. Airdrop Category Adjustment: Split into "Founder's Airdrop" and "Governance Airdrop"Based on the latest confirmed information from Aster, RootData has re-split the original airdrop category into "Founder's Airdrop" and "Governance Airdrop."The previous official document indicated that after the Aster TGE, eligible participants would immediately receive 8.8% of the total allocation, with the remaining tokens in this category gradually released over the next 80 months, with specific release times potentially adjusted based on protocol governance.The latest official document adjustment states that the remaining ASTER tokens in this category will be reserved for airdrops, but the protocol governance body may adjust the relevant arrangements in the future.Therefore, RootData will no longer track the unlock data for the governance airdrop portion according to a fixed release cycle, and will instead dynamically update based on Aster's official announcements and governance decisions.2. Ecosystem & Community Category Adjustment: Split into Ecosystem & Community 1 and Ecosystem & Community 2Previously, the Aster Ecosystem & Community category (excluding the APX to ASTER conversion part) adopted a linear release model, planning to gradually unlock over 20 months. This model has been executed for 4 months (from October 2025 to January 2026), after which it will be adjusted to a reward distribution model based on staking mechanisms.According to Aster's current staking mechanism, the longer the user locks their tokens, the higher the loyalty reward APY they can receive. Since this allocation mechanism has shifted from a fixed linear release to a staking incentive model, RootData will no longer track the fixed unlock cycle for Ecosystem & Community 2 as originally planned, and will adjust based on the latest official announcements.It is reported that Aster completed its token TGE on September 17, 2025. Since its launch, Aster has made multiple adjustments to its token economic model, including extending the team token lock-up period by 12 months, adjusting the release method for ecosystem and community tokens, and redefining the governance arrangements for the remaining airdrop tokens.RootData stated that adjustments to the token economic model as the project develops and governance needs arise are common in the industry; the key is whether the project team can disclose relevant changes in a timely and transparent manner. RootData also encourages project teams to proactively submit token unlock plans and change information to help the community and users better understand token supply and release situations.

Qian Zhiming's 40 billion illegal fundraising case update: the prosecution has applied to confiscate over 61,800 bitcoins and other assets, and the court has accepted the case

According to a report by The Paper, the case of Qian Zhimin, involving over 40 billion yuan in illegal fundraising and more than 60,000 bitcoins, has seen new developments in domestic judicial procedures. The Tianjin Second Intermediate People's Court announced that it has accepted the Tianjin People's Procuratorate Second Branch's application to confiscate the illegal gains of the suspect Qian Zhimin as of September 28.According to the property confiscation list published by the Tianjin Second Intermediate Court, in addition to bitcoins, the involved virtual currencies also include 72,745.79502 bitcoins cash, 72,745.78555 bitcoins gold, 72,745.7845 bitcoins Satoshi Vision, 3,605,989.9995 ripples, and 70,081,208.62553222 dogecoins (which have been converted and deposited into an interest-bearing account by British judicial authorities). Additionally, the confiscated assets also include cash in US dollars, euros, and British pounds, jewelry, as well as bank balances and investment portfolios.The Tianjin People's Procuratorate Second Branch believes that Qian Zhimin is suspected of fundraising fraud, and after fleeing, he has been wanted for a year without appearing in court. There is evidence proving that over 61,800 bitcoins and other assets seized in the UK belong to illegal gains and their proceeds, and should be recovered along with the transformed and converted properties and proceeds, except for those legally returned to the harmed fundraising participants, which should be confiscated.

Lithuania updates the rules for the user report on crypto assets, which will be fully implemented by the European Union starting in 2026

The State Tax Inspectorate of Lithuania has updated the user reporting program for cryptocurrency service providers, clarifying the reporting scope and operational standards through Order VA-63, aligning national regulations with the EU DAC8 and the OECD Crypto Asset Reporting Framework (CARF). The new regulations require regulated cryptocurrency service providers and local crypto operators to enhance customer due diligence, collect user identity, transaction records, and tax residency information, and record customer identification numbers, transaction logs, and account balances. Entities that have completed registration and reporting obligations in other EU member states are exempt from re-reporting in Lithuania.The comprehensive operational reporting across the EU will commence on January 1, 2026, with data collected by the platform in 2027 to be automatically exchanged by member state tax authorities starting mid-2027. The new regulations do not change Lithuania's capital gains tax rate on virtual assets, but relevant institutions must update customer access processes and backend systems. Starting from March 2, certain transactions involving electronic money tokens (EMT) must additionally obtain payment service authorization, including transferring EMT on behalf of customers and operating custodial wallets for third-party transfers; exchanges between EMT and exchanges between EMT and fiat currency do not automatically fall under payment services.

first_img Ethereum Glamsterdam testnet releases Prysm update, Sepolia block gas limit will increase to 200 million

According to CoinDesk, Ethereum developers released version 7.2.1 of the Prysm client on Monday evening, embedding a 200 million Gas limit to complete deployment ahead of the Sepolia testnet testing for the Glamsterdam upgrade on Tuesday.Glamsterdam is the next major upgrade for Ethereum, which will first be activated on the Sepolia testnet, where developers rehearse changes using tokens with no actual value. Part of Tuesday's testing involves raising the Gas limit on Sepolia from approximately 60 million to 200 million.Gas is the unit that measures how much computational workload a single block can accommodate on Ethereum. A higher limit means the network can handle more transactions and more complex activities simultaneously, but it also places higher demands on the computers running Ethereum. Prysm is the client software used by Ethereum validators, and its previous version had completed before this setting was added to the Sepolia configuration. Therefore, validators running the old version will still produce blocks with a 60 million Gas limit unless they manually modify the parameters, which undermines the effectiveness of this capacity test.Validators running the latest version will automatically start proposing blocks with a 200 million Gas limit when Glamsterdam activates on Sepolia at 13:53:36 UTC on October 6. Ethereum has been gradually increasing block capacity to test how far it can go before running validators becomes too demanding or expensive. The 200 million setting is only applicable to Sepolia, and Glamsterdam has not yet been activated on the Ethereum mainnet.

first_img SEC updates cryptocurrency FAQ, stating that token buybacks and network upgrades do not necessarily constitute securities

The U.S. Securities and Exchange Commission's Division of Corporation Finance updated its frequently asked questions document on cryptocurrency assets on Friday, clarifying that token buybacks, network upgrades, and marketing promotions do not automatically make cryptocurrency assets securities. The division stated that announcing a buyback plan for an already functioning cryptocurrency network does not, by itself, make the associated tokens constitute an investment contract; however, for networks that are not yet operational, if the issuer promotes the buyback as a source of returns for holders, this conclusion may not necessarily apply.Regarding the ongoing development issues of cryptocurrency projects after their launch, the document pointed out that once a cryptocurrency system is operational, services used to protect, maintain, improve, or enhance that system and its functions, or to promote network effects, do not fall under the managerial efforts referred to in the Howey test. The existing uses of marketing networks generally do not create profit expectations, and statements regarding future functionalities are similarly true, provided that profit potential is not promoted. The document reiterated that specific judgments still heavily depend on the actual circumstances of each case.This document is based on the interpretive guidance issued by the SEC in March of this year regarding the application of securities laws to cryptocurrency assets, released just weeks after the Clarity Act failed to advance in the Senate, with regulators continuing to operate under existing laws. Additionally, the U.S. Commodity Futures Trading Commission updated its cryptocurrency FAQs on Thursday, stating that futures companies and clearinghouses may invest customer funds in tokenized versions of previously permitted assets, provided that investment and custody requirements are met; regulated companies may use blockchain for record-keeping but must be able to provide relevant records when the blockchain or its block explorer is not operational.

first_img Bitget updates on the security incident progress: the stolen amount is revised to 387.5 million USD, and the withdrawal recovery time will be announced before 12 PM tomorrow

Bitget TradFi Chief Growth Officer Xie Jiayin issued an update on the platform's security incident, stating that the withdrawal time will be announced before noon tomorrow. The security team has identified the hacker's attack path and methods, and has grasped the details of how the attacker bypassed security measures, coming very close to tracing the source of the attack. The incident investigation by third-party security teams Mandiant and SlowMist is still ongoing, with a detailed report pending from the security team.On-chain tracking confirms that approximately $387.5 million has been transferred to the hacker's address, previously estimated at $351.6 million. This revision includes ZEC and TRX, and no other unauthorized transfers have been found. Xie Jiayin stated that the stolen funds at the platform level will be fully covered by the Bitget User Protection Fund, ensuring that user assets are not subject to any losses.Bitget has officially launched a fund recovery bounty program, offering a 5% bounty for voluntarily freezing the attacker’s funds and a 5% bounty for voluntarily recovering funds. The bounty also applies to assistance already provided. The platform has published the attacker's address, a real-time tracking dashboard, and a submission portal, with relevant information also available for submission through Bybit's Lazarus bounty platform.
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