yz

According to official news, BNB Standard Corporation (BNC) has announced the appointment of Alex Odagiu as the new CEO. Public information shows that Alex Odagiu joined YZi Labs in September 2021, starting as an investment manager and was promoted to investment partner in September 2025.During his time at YZi Labs, he was mainly responsible for Web3-related investments, covering DeFi, payments, stablecoins, RWA, and the intersection of AI and cryptocurrency, and served as a mentor and judge for the BNB Chain MVB Accelerator across 10 seasons. He also participated in the EASY Residency incubation program and has invested in projects such as Avalon, Aspecta, Canton, Hemi, Concrete, Mysten Labs, and Aptos.In June 2026, he was appointed as the interim president and director of BNB Standard Corporation. On October 19, 2026, he officially took on the role of CEO of the company and resigned from all positions at YZi Labs, including investment partner and related positions on the investment committee. In June of this year, YZi Labs reached an agreement with the then BNB Standard Corporation CEA Industries (now BNC) to resolve governance differences and jointly promote management adjustments.

According to on-chain data, a suspected Yzi Labs address deposited approximately 10 million USD worth of ENA into Binance 11 hours ago, involving 40 transactions, with a total of about 47.86 million ENA transferred in.Currently, there are still about 268 million ENA remaining in the wallet address, valued at approximately 56.89 million USD.

Bitfinex Alpha's latest report indicates that whether Bitcoin can regain the $84,500 level this week will depend on whether the U.S. CPI data changes market expectations for interest rates and yields, as well as whether spot market buying can follow up.This round of correction is similar to multiple adjustments during the previous recovery phase, and investors with holding costs within the original trading range have not shown significant selling. However, spot buying remains a weak link in the current market, with Bitcoin ETF investors' average holding cost around $84,340, and the current price is below this level, leading some investors to potentially sell as the rebound approaches their cost level.Analysts believe that if this week's core CPI month-on-month increase is 0.2% or lower, it may reduce market interest rate hike expectations and drive yields down, providing room for BTC to rise; if the core CPI reaches 0.3% or higher, it may continue to suppress the performance of risk assets. BTC may fluctuate in the range of $81,300 to $84,500 in the short term.If the price breaks through and stabilizes above $84,500, while ETF fund flows are strong, the market may retest the year-to-date opening level of $87,722; if it falls below $81,300 with continued capital outflow, it may further dip to around $77,400, the true market average level.

According to Bits media, the government of Kyrgyzstan has decided to terminate the operation of the national stablecoin Gold Dollar (USDKG) and has requested the Ministry of Finance to liquidate its issuer EVA and the country's first state-owned cryptocurrency exchange Coin Nomad Exchange.This stablecoin was launched by the authorities in November 2025, initially positioned as the world's first state-issued stablecoin backed by physical gold and pegged 1:1 to the US dollar. The issuer was the state-owned company "Virtual Asset Issuer," fully owned by the Ministry of Finance of Kyrgyzstan (later renamed "EVA"), with a registered issuance volume slightly exceeding 50 million tokens. The token operates on the Tron blockchain. The authorities had positioned it as a cross-border settlement tool and planned to operate it at least until 2034. This closure aims to optimize the management of state assets, and USDKG holders can exchange their tokens for fiat currency or USDT.

Liquid Capital founder Yi Lihua published an article discussing the current state of the cryptocurrency primary market. He stated that the main reasons for the decline of the cryptocurrency primary market are: "First, the narrative has collapsed; from white papers to institutional endorsements to TVL manipulation, the basic market is no longer buying in. Second, there is a supply imbalance; now there are tens of thousands of projects, and it is extremely difficult for excellent projects to emerge. Third, the 1 plus 3 unlocking mechanism essentially targets VCs, allowing projects, market makers, and exchanges to run first. Fourth, the cost of listing coins; now primary projects require high valuations and large financing mainly because of several leading centralized exchanges going live, with an average cost needing tens of millions of dollars."Yi Lihua believes that industry leaders need to truly focus on building, such as improving the coin listing selection method on Binance. Under the current model, even if Vitalik Buterin's ETH were to come today, it would not be able to list on Binance. Additionally, the 1 plus 3 unlocking mechanism should be completely abolished; VCs bear the greatest risk and should not be burdened with the worst unlocking terms, as the success or failure of a project is fundamentally not determined by VCs.Finally, cryptocurrency projects need to return to real revenue and buybacks. The sustained prosperity of the U.S. stock market over the years is primarily due to performance growth and the encouragement of shareholder returns. This is what industry leaders should be doing, allowing secondary market investors to truly find quality projects.

MOJO founder Forest Bai commented on Opinion and YZi Labs on X. He stated that Opinion had received a batch of positive reviews in the primary market at that time, and some friends had recommended it to him, but he still believed that the project belonged to a niche direction and had nothing particularly special.He also mentioned that at that stage, he had already demystified 99.9% of primary market projects; even with luxurious teams and lavish funding, most projects merely held mediocre ideas, seeking very niche, self-indulgent markets, ultimately delivering outsourced-level products, not to mention that most projects' various elements were below mediocre levels.Regarding YZi Labs, Forest Bai stated that the institution has top-notch relationships and deep capital in the industry, but it overly believes in its ability to turn stone into gold through incubation. He acknowledged that the relevant arrangements could indeed lead to token listings and user distribution, but if the project's inherent value is limited, this is not empowerment but rather a consumption of its own resources.He further stated that successful cases of the incubator model worldwide are few and far between; any team with capability, integrity, and vision would not accept being undervalued and bound to an ecosystem through incubation.

The perpetual contract trading platform based on Hyperliquid technology, papertrade.xyz, announced that it will officially launch on October 10, 2026.

According to data from RWA.xyz, the current tokenized stock protocols exhibit diverse characteristics in terms of asset management scale and the richness of underlying assets.In terms of asset management scale, the top five platforms are Ondo (approximately $882 million), bStocks (approximately $754 million), xStocks (approximately $576 million), Securitize (approximately $424 million), and Bitget's RWA protocol Reality (approximately $162 million).Additionally, in terms of the breadth of underlying assets covered, Reality currently supports 2,160 stocks and ETFs, making it the protocol with the most underlying assets in this sector. xStocks and Dinari follow with 1,028 and 692 underlying assets, respectively.

On-chain gold and foreign exchange trading infrastructure XStable has recently completed a new round of financing, which was supported by several institutions including YZi Labs, Sui Foundation, Taisu Ventures, and CatcherVC.Previously, XStable had received investments and support from institutions such as Solana, Amber Group, KuCoin Ventures, and Singchain, accumulating millions of dollars in financing from more than ten institutional investors worldwide. Currently, XStable has focused on market development around gold, silver, and major foreign exchange trading pairs. According to data disclosed by the platform, XStable's average daily trading volume has exceeded 100 million dollars, with a cumulative trading volume of over several hundred billion dollars.

Balancer's official X account stated: The Balancer official fork proposal led by MAXYZ has been launched on the forum, and liquidity, contributors, partners, and intellectual property may be transferred to the new protocol.This proposal is independent of the liquidation proposal. The discussion is currently open, and a Snapshot vote is expected to take place over the weekend.

Recently, discussions surrounding the shutdown of projects invested by a16z have intensified. According to RootData's investment and financing data, after deduplication by project, five institutions—Coinbase Ventures, YZi Labs, Pantera Capital, a16z, and Paradigm—cover a total of 993 independent invested projects, of which 216 are marked as shut down, accounting for a cumulative ratio of 21.75%.Looking at the institutions individually, Pantera has a shutdown rate of 24.76% (51/206), Coinbase Ventures at 22.69% (98/432), a16z at 20.09% (43/214), Paradigm at 19.49% (23/118), and YZi Labs at 13.56% (32/236).Although a16z is at the center of public opinion, it is not the institution with the highest shutdown rate in the sample. Among its 148 lead investment projects, 29 are marked as shut down, accounting for 19.59%, including Linera, which recently announced its closure, and Universal, which has announced its entry into the shutdown process, indicating that even leading institutions cannot eliminate operational risks for projects.

The founder of the meme coin issuance platform Long.xyz, Nate, stated in a post that this week there will be significant design space for perpetual contracts/synthetic assets, which will be combined with the platform's top trading pairs.Last week, Long.xyz launched a 1x long pool supporting tokenization for OpenAI and Anthropic, and the product was once highly hyped in the market.

Robinhood's on-chain stock meme coin issuance platform Long.xyz founder Nate stated that after the launch of the new Pre-IPO feature, the platform has added approximately 10,000 asset issuance projects.Nate estimates that without token code locking and client issuance quantity limits, the platform's daily issuance could reach 100,000, at which point the platform may be more utilized by bots, making it difficult for ordinary users to filter through the large number of new assets, potentially further fueling FOMO trading, chasing volume, and data inflation.Nate indicated that LONG will continuously adjust issuance limits based on demand changes and plans to add an asset discovery filter to help users filter projects based on parameters such as whale holding ratios, asset longevity, and antifragility, while aggregating liquidity and capital flow to assets that perform well and have uniqueness within the ecosystem.The team is currently monitoring suspicious activities across all trading pairs and has not identified any major issues, but is prepared with new risk control parameters. If it is found that price manipulation behavior is due to coordinated actions rather than natural market activities, the team can quickly implement relevant restrictions.

4D Labs announced that it has received investment from YZi Labs through the EASY Residency Season 2. The project aims to build a real-world embodied data layer for physical artificial intelligence, transforming real interactions into embodied data that can be used for training, supporting the expansion of artificial intelligence from language capabilities to action capabilities.

HyperDash Chief Revenue Officer Hanson Birringer stated: TradeXYZ launched its first HIP-3 contract on October 13, 2025, and within months, these markets became Hyperliquid's largest user acquisition channels. Tracking all 356,886 wallets that have traded on the xyz market (excluding two manufacturing clusters), of which 173,794 had never traded on Hyperliquid before, accounting for 48.7%, with an increasing number coming from third-party builder code applications.The two removed clusters include 7,663 bot wallets on XYZ100 and 49,727 oil farm wallets; if included, the number of new wallets would increase from 173,794 to 231,184. The open interest of xyz rose from 0.2% at launch to 25.9% on September 8, peaking at 37.2%, even as the total open interest on the exchange increased from $7.4 billion to $14.3 billion. The share of first-time Hyperliquid users rose from 22% at launch to 60% during the semiconductor and storage boom, with 104 markets currently live, and the five major catalysts now account for a quarter of the exchange's open contracts and trading volume.

tradeXYZ announced the launch of the Events feature, advancing the vision of making Hyperliquid a universal exchange, a single composable system for trading financial assets and real-world outcomes.Users can deposit spot BTC into a single unified account at tradeXYZ, borrow USDC through portfolio margin, open perpetual positions for pre-IPO SpaceX, hedge against the upcoming SK Hynix earnings report event with the event market, and choose the champion of the U.S. Open.Events will cover sports, politics, economics, and financial markets, with categories and contract formats continuously expanding. The initial Up/Down markets cover stocks, commodities, and pre-IPOs, driven by the depth and liquidity of perpetual contracts on HIP-3 by tradeXYZ. These perpetual contracts provide continuous price discovery and serve as a settlement source, with each contract based on the XYZ liquid market price rather than external oracles.

Co-founder Nate of long.xyz tweeted that in the coming days, the platform will focus on building distribution channels independent of public chains, the cryptocurrency market, and the Meta cycle. He believes that the market still seriously underestimates the narrative, distribution, and capital scale of the stock market, and stock trading is expected to become the "ultimate Meta" for the cryptocurrency market.Nate stated that long.xyz will continue to focus on this direction and will not frequently adjust its product direction due to hot topics like AI Agents and Memes.