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first_img Blink Wallet charges a monthly fee of 1 USD for idle custodial accounts, encouraging users to switch to self-custody

Blink Wallet, a Bitcoin wallet, announced a monthly idle fee of $1 for custodial accounts that have not logged into the app for 12 consecutive months. This adjustment was initiated at the beginning of September through a change in the terms of service and push notifications were sent to inactive users, with the first deduction completed in mid-October. According to a blog post released by the company, users who log back in within 12 months will have the deducted fees refunded.This fee applies only to custodial accounts and aims to alleviate the burden that inactive accounts place on the startup. The announcement stated that these accounts incur ongoing costs related to ledger and infrastructure maintenance, record verification retention, compliance monitoring and reporting, as well as support for claims, which were previously shared by active users through regular in-app transaction fees. Sources told Bitcoin Magazine that approximately 100,000 accounts met the criteria for inactivity at the time of the first deduction, with a total balance exceeding $800,000. The first deduction collected about $45,000, primarily from accounts that had been idle for over a year with small Bitcoin balances. Blink Wallet originated from the Bitcoin adoption wave in El Salvador, initially named Bitcoin Beach Wallet, and was an early custodial Lightning Network wallet that introduced the Stable Sats feature to hedge value against the US dollar. The wallet was spun off from the founding company Galoy in October 2024, operated by Lukas Duczko and a new board, with Duczko holding a controlling stake, while Galoy continues as a service provider and minority shareholder, also establishing the Bitcoin Beach Fund.In recent years, custodial wallets have faced overall pressure, with Wallet of Satoshi, Alby, and Blue Wallet successively halting custodial wallet services and shifting to self-custody infrastructures like Spark. The EU MiCA regulations regarding licensing and KYC compliance requirements are an important backdrop. Blink launched a self-custody wallet supported by Spark in June 2026, and its user base is still adapting to this transition. On September 19, hackers withdrew 6.61 Bitcoins from custodial wallet users through compromised management tools, and the company's investors subsequently announced that they would fully compensate affected users.

first_img Jensen Huang: The U.S. and China should strengthen dialogue on artificial intelligence and jointly promote safe development

NVIDIA's CEO Jensen Huang told CNBC that the company must collaborate with Chinese artificial intelligence companies to monitor related risks. In a media briefing in London on Wednesday evening, he stated that both parties should work together to safely advance technological development. Huang mentioned that artificial intelligence poses potential dangers and indicated that he maintains ongoing dialogue with many researchers in China.Huang believes that the way to collaborate with Chinese artificial intelligence companies is through dialogue and emphasized the need to strengthen this dialogue. He stated that the United States should do this and also advocated for the United Kingdom to take the same approach. The page noted that OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei advocate for increased regulation, while Huang has become a prominent voice opposing this stance. In recent months, researchers from laboratories including OpenAI and Anthropic have called for a slowdown in technological development and warned of risks to human survival.The page also mentioned that U.S. Treasury Secretary Scott Bessent discussed U.S.-China artificial intelligence dialogue with Chinese counterpart He Lifeng in September, covering communication channels for events up to the national security level. The Chinese side reported that Xi Jinping pointed out that there may be competition between China and the U.S. in artificial intelligence, but the space for cooperation may be larger, and both sides can continue to exchange views on risks and benefits to jointly prevent abuse. Huang stated that the UK, with its intellectual capital, is well-positioned to become the convener of relevant dialogue. The related market data showed that NVIDIA's stock price fell by $3.95, a decrease of 1.78%.

first_img INFINIT launched a custodial trading vault on Hyperliquid

On October 12, 2026, the strategy and treasury infrastructure provider INFINIT launched a custodial trading treasury framework, with the first named treasury being APEX Multi-Strategy. The treasury is limited to qualified Hyperliquid markets with an open interest of at least $100 million. Depositors enter with USDC during the specified window and receive receipt tokens representing their shares. The strategy manager trades within a fixed period, and at the end of the term, holders can redeem their shares based on the treasury's USDC value after fees are deducted. The manager sets fees, lock-up periods, deposit windows, risk limits, and strategies before opening deposits.INFINIT states that deposits are held in a 3-of-4 multi-signature, with keys distributed between INFINIT and the operations team. Trading vouchers can be opened and closed, but depositor funds cannot be withdrawn. The company publishes a shared trading wallet and provides weekly performance reports to depositors. The shared infrastructure INFINIT OS covers strategy research and testing, treasury setup, share accounting, controlled execution, risk monitoring, and investor reporting, and can provide strategy managers with legal frameworks, regulated fund licenses, and fund management support.Managers must comply with INFINIT Standard to accept deposits, including completing identity verification and screening, co-investing with depositors in initial loss capital, demonstrating live trading records, and declaring market, leverage, exposure, and drawdown limits. The first treasury is operated by Apex Quantitative Capital, with a strategy based on a systematic CTA momentum model, covering stocks, commodities, and crypto through Hyperliquid perpetual contracts, maintaining a dollar-neutral book.
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