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aster

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first_img Aster delisted the PAPER perpetual contract before the market opened, adjusting it to a mode of only reducing positions

The decentralized perpetual contract trading platform Aster announced that, in light of recent developments related to PAPER and potential market risks, it has adjusted the pre-market perpetual contract for PAPER to a liquidation-only mode and plans to officially delist the contract at 9:45 AM Beijing time on October 20. Aster recommends that users holding open positions proactively close their positions before the delisting, calling this a precautionary measure to manage market risks and maintain trading order.Previously, Papertrade stated that there are currently no plans to allow external transfers of the PAPER token and will adjust short-term trading fees and the token issuance curve. The team believes that the PAPER perpetual contract could make the liquidity pool's solvency a target for short selling, and external short exposure may increase the profit potential for manipulation attacks, as these markets are not controlled by the protocol.Papertrade founder Jez also pointed out that due to the rapid progress of the perpetual contract market, PAPER is currently set to a non-transferable status to avoid potential attack risks and maintain the long-term healthy development of the protocol. Jez emphasized that PAPER represents users' rights to the protocol's earnings, and its long-term value depends on whether Papertrade can continue to attract traders. The team made this risk management choice based on the operational data from the first week after the protocol's launch.

first_img Farcaster was acquired by Network School and will transform into a network state protocol

The decentralized social network Farcaster has changed ownership for the second time this year. Network School, led by Balaji Srinivasan, has acquired Farcaster from Neynar, with the transaction amount not disclosed. Neynar co-founder Rish stated on Thursday that after considering multiple acquisition offers, the company decided to transfer the "Farcaster application, protocol codebase, and related products" to Network School, citing that Farcaster needs a different operational model in the next phase. Rish and another co-founder, Manan, will leave, while the remaining Neynar employees will join Network School to continue developing Farcaster.Neynar acquired the platform from Farcaster's original developer, Merkle Manufactory, in January this year, and the deal also included the token issuance platform Clanker. Rish's announcement did not mention the fate of Clanker, but GM Farcaster host Adrienne and NourishProf mentioned during a live broadcast on Thursday that Rish is considering splitting Clanker and seeking other buyers for it. Meanwhile, an in-app announcement indicates that Farcaster will be renamed "Network Nation Protocol," aiming to build a network composed of a voluntarily joined digital society, ultimately landing in the physical world.Users must choose to accept or reject a "social smart contract," with acceptors receiving an on-chain access NFT as proof.

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.

first_img Musk: After China masters the technology, its production capacity may exceed the sum of other regions in the world

On October 13, Tesla CEO Elon Musk stated on social media platform X: Once China masters the manufacturing methods for a certain type of product, its ability to scale production often exceeds that of the rest of the world combined. He cited lithium batteries and solar energy as examples, claiming that China has demonstrated this characteristic in these fields. This statement was in response to a discussion about memory manufacturer Changxin Storage.The poster Melvin believes that Changxin is already a competitor that cannot be ignored, but whether new technology can stably achieve large-scale mass production still depends on yield, cost, and reliability. He also noted that memory demand is still growing, and an increase in production capacity does not mean that the market will immediately experience oversupply. Regarding memory, Musk mentioned that about three years ago, memory was still a low-margin commodity, with LPDDR5 and LPDDR6 designed according to common standards, and China seems to be rapidly solving related technical issues.Musk also pointed out that the new generation of high-bandwidth memory architecture is more difficult to tackle. Another challenge is placing a layer of SRAM beneath the logic chip and stacking RAM in three dimensions above it while addressing the heat dissipation issues of the logic chip. Phoenix Technology cited public information stating that on September 7, Changxin Storage announced that LPDDR6 has entered mass production and was first commercially used in the Xiaomi 18 Fold, with a capacity of 16 GB, compliant with JEDEC's LPDDR6 standard. Subsequently, Changxin announced that its fifth-generation DRAM process platform has achieved mass production and launched two LPDDR5X products based on this platform, aimed at smartphones and portable consumer electronics, with a single bare chip capacity increased by 50% compared to the previous generation of similar products.

Alex Lazarow: Stripe, Mastercard, and Circle acquired three stablecoin companies within two years, with a total transaction amount exceeding 3 billion USD

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.
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