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The hedge fund Bridgewater's China business department informed investors that the institution's bullish stance on gold has decreased and that it holds a cautiously optimistic view on the domestic Chinese stock market. The Shanghai-based hedge fund stated in a letter to investors in September that it has gradually reduced its previously overweight position in gold.Bridgewater China noted that rising interest rates have increased the opportunity cost of holding gold, while rising oil prices have suppressed demand from energy-importing countries like India. The institution also expressed optimism about Chinese assets, believing that the current stock market valuation is not high, the policy direction is favorable for long-term capital formation, and that there may be more funds flowing into the stock market in the future against a backdrop of lower bond yields.

Cross-chain trading application Fomo recently announced the official public launch of its self-built internal cross-chain bridge (Fomo Bridge) and router. Official data shows that after integrating the self-built system, its cross-chain transaction confirmation time is less than 1 second, and the transaction execution speed is 50% faster than existing market solutions.Fomo stated that its internal router can average optimize execution prices by 0.5% and optimize the worst-performing 10% of transactions by over 2%. Currently, Fomo's cross-chain trading volume is more than 10 times that of other trading applications. As a large cross-chain trading application that possesses both a cross-chain bridge and routing system, Fomo has thus gained control over the entire trading stack, including pricing, indexing, bridging, and routing, ensuring that users can still achieve a fast and low-cost trading experience even in extreme market conditions.

GMGN co-founder Haze stated that GMGN's self-developed cross-chain bridge is currently undergoing a small-scale rollout test, focusing on ensuring the speed, security, and stability of transactions.Haze mentioned that after this feature goes live, users will be able to directly use USDC within the GMGN App to purchase tokens on multiple blockchains.

According to monitoring by Blockaid, the WAX multi-chain bridge on the WAX network is under attack, involving WAX, Solana, and Ethereum. The attackers extracted mapped tokens on the WAX chain without paying the corresponding assets, while the bridging contracts on Solana and Ethereum still released the corresponding tokens.The attackers transferred approximately 52,986 USDC, 21,558 USDT, 840 DAI, 2.55 WETH, and 0.11 WBTC through 5 transactions. It remains to be further confirmed whether the scope of the incident and the losses are still expanding.

The co-founder and Chief Operating Officer Alon of the meme coin issuance platform Pump.fun stated that the team had previously focused on launch pads for a long time and only began supporting cross-chain exchanges about 5 months ago. After investigating the cross-chain service provider Relay used at that time, he noted that over one-ninth of cross-chain purchases on Relay encountered errors, with typical purchase landing times close to 4 seconds, and one-tenth exceeding 7 seconds. The number of tokens users received was usually less than expected. He also mentioned that the social trading application FOMO still relies on Relay.Alon stated that the self-developed cross-chain bridge Pump Bridge has been opened to all Pump.fun application users. Compared to Relay, the purchase landing speed has improved by 2 times, and the error rate has decreased by 92%, dropping from over one-ninth to less than one percent. Users can obtain more tokens on average with the same amount of funds, and currently, no additional cross-chain fees are charged. He mentioned that due to the limitations of light speed and target chain confirmation time, the theoretical fastest landing time for purchases is about 1.1 seconds, and the team is still working to reduce the remaining gap.The above comparison comes from random tests conducted in the Pump.fun mobile application from September 28 to October 7, covering Robinhood, BSC, Base, Arc, and Ink, excluding Ethereum, with a total of 416,669 transaction results recorded. Among them, 383,326 transactions recorded the time taken from click to successful prompt, and an additional 35,333 transactions of completed USDC purchases under $500 were used for comparison. Alon also stated that the platform fee rate is 0.45%, with Callout rewards of at least $300,000 daily, totaling about $20 million over two months, and the platform does not retain platform fees.

According to Sifted, the Dutch startup Photon Bridge announced the completion of a €10 million seed round financing. The company is developing laser technology that can be used for internal connections of AI chips in data centers, aiming to enhance inter-chip connectivity performance.The company claims that its laser technology can be manufactured at scale to meet the rapidly growing demand for AI infrastructure.

Cross-chain stablecoin bridge Cashmere announces expansion plans, with the automated liquidity product Goat LP set to open to all users, followed by the launch of the main product Mountain and the token $CSM. Cashmere Bridge currently supports zero-slippage stablecoin transfers across 16 chains, and Goat Street features 6,666 goat NFTs on the Robinhood Chain. The team states that there is currently no official $CSM, and the related arrangements are part of the current plan and may change.Goat LP targets Uniswap v3 and v4 positions on the Robinhood Chain, with positions remaining in users' wallets as Uniswap NFTs. Automatic reinvestment incurs a 10% reinvestment fee, with Gas covered by the project team; automatic adjustment of ranges and automatic exits both incur a 0.15% fee. The official description refers to it as experimental software. The Mountain code has completed testing and will undergo external auditing before going live. Barn is a soulbound NFT with a maximum of 10 slots, and after issuance begins, new $CSM will be distributed every second. Goat NFTs can be permanently bound to receive issuance shares and cannot be sold or withdrawn after binding.The plan is to issue 1,000 founding Barns, with a guaranteed slot price of 0.125 ETH, whitelist at 0.25 ETH, and public auction prices dropping from 1.5 ETH to 0.25 ETH. $CSM will begin trading through the official Uniswap v4 ETH pool, while market making and tokens on Anvil have been canceled and redeployed due to technical issues. The maximum supply is planned at 666 million, with 10% allocated for official pool liquidity, 25% for the team and treasury with designated ownership, and 65% issued as the system operates. The team also plans to airdrop to Barn participants, Goat Street activators, and early users, with wallets that have listed goat NFTs on OpenSea being excluded.

On October 17, ILITY announced on platform X that a security incident occurred with the ILITY Network, and the ILITY cross-chain bridge has been temporarily closed. They are cooperating with law enforcement agencies, cryptographic forensic experts, and investors to investigate, and have not yet disclosed the amount of losses or details of the attack.On-chain analyst Specter stated that they observed a certain wallet transferring approximately 35,700 ZEC (worth about $41 million at the time) from a privacy pool, which was then transferred to the Bitcoin and Ethereum networks via NEAR Intents and multiple addresses. Their tracking suggests that the related addresses are associated with the ILITY cross-chain bridge and claim that approximately 4.1 million ILY tokens flowed out of that bridge. Due to the privacy features of Zcash, it has not yet been confirmed whether this ZEC belongs to stolen funds or its exact relationship with the ILITY incident.

The decentralized computing network Cysic released an event report on platform X stating that its cross-chain bridge was attacked on Saturday. The attacker exploited a processing vulnerability to unauthorizedly mint 10 million CYS on the BNB Smart Chain, and the cross-chain bridge has now been suspended. Preliminary investigation results indicate that the attacker accessed the database supporting the cross-chain bridge without authorization.The report shows that the minting occurred at 12:31:38 UTC, and Cysic added the receiving address to the token contract blacklist at 13:47:52. At that time, the address still held approximately 2.8 million CYS, and transfers have been restricted. Cysic stated that this incident was limited to the message processing and minting aspects of the cross-chain bridge and did not affect the mainnet or other operational systems, nor did it result in the theft or unauthorized transfer of CYS or other assets already in user wallets.Cysic emphasized that the quantity of minted tokens alone cannot determine the final dollar loss, and related token transfers, exchanges, and actual losses are still under verification. The company has hired a security agency and plans to release a follow-up report after the current investigation phase concludes. CYS is used to coordinate incentives for users, computing power providers, governance participants, and contributors within the Cysic network.

According to official news, Payy announced the initiation of the compensation process for affected users regarding the cross-chain bridge contract theft incident on September 24, with a claim application window of 30 days. Compliant claims will be compensated in the form of USDC on the Ethereum network.At the same time, Payy Wallet is currently in a suspended state and will be completely shut down after the compensation window ends.

According to Bitcoin.com, Ray Dalio, the founder of Bridgewater Associates, warned in an interview with Bloomberg that the United States may face a debt crisis in the next three years as interest payments on debt continue to squeeze other federal budget areas.Dalio pointed out that the U.S. government generates about $5.5 trillion in revenue each year and spends about $7.5 trillion, resulting in a fiscal deficit of nearly $2 trillion. Currently, the federal government spends about $1 trillion annually on interest payments, and when including maturing debt that needs refinancing, the total annual debt repayment and refinancing needs amount to about $11 trillion.Meanwhile, U.S. Treasury yields continue to rise, with the 10-year Treasury yield closing at 5.31% on October 5, and the 30-year yield reaching 5.66%, further increasing the pressure on government financing.Dalio suggested reducing spending, increasing tax revenue, and lowering interest rates to bring the fiscal deficit as a percentage of GDP down from about 6% to 3%. In terms of asset allocation, he previously recommended allocating 10% to 15% of the investment portfolio to gold, while Bitcoin only occupies a small proportion.

Open Standard announces the official launch of the dollar stablecoin OUSD, allowing enterprises and developers to use OUSD to build internet-native financial services and products such as banking, cross-border payments, settlement, and institutional trading.OUSD currently offers 4 integration paths, with related APIs and tools covering services such as settlement, payment orchestration, trading, foreign exchange, wallets, and bank cards. All channels support free minting and burning of OUSD at a 1:1 dollar exchange rate. Enterprises can currently access it through the Mastercard, Stripe, and Visa Stablecoin Platform, with Coinbase integration set to open on October 1.OUSD will natively support Base, Ethereum, Solana, and Tempo, and will first launch on centralized and decentralized trading platforms such as Coinbase, Kraken, and Uniswap. OUSD is issued by Bridge, a subsidiary of Stripe, with reserve assets held at BlackRock, Lead Bank, and Bank of New York Mellon, with reserve proofs to be published monthly. Open Standard currently has over 200 financial institutions, fintech companies, banks, and global corporate partners.

DYORSWAP update on compensation progress, all affected addresses have been reviewed.Addresses with cross-chain amounts below 5 ETH will be uniformly compensated at 40% of the cross-chain amount, regardless of whether the funds were used for trading; addresses with cross-chain amounts exceeding 5 ETH will be reviewed separately, some of which may involve phishing or fraudulent cross-chain activities. If you believe you are a legitimate affected user, please contact the official team directly for verification.The official team emphasizes that they will never ask users to send funds, sign suspicious transactions, or pay any fees to receive compensation. Further details will be continuously announced.

KelpDAO stated on platform X that it has filed a lawsuit against LayerZero and its co-founder Bryan Pellegrino, seeking accountability for the rsETH cross-chain bridge attack incident that occurred earlier this year. The lawsuit claims that LayerZero failed to adequately disclose its inherent technical weaknesses and risks; failed to prevent its security infrastructure from being compromised; and that LayerZero had previously reviewed and approved Kelp's deployment and configuration in writing.Officials stated that LayerZero has publicly attributed responsibility to itself in recent months. Since the occurrence of the attack, the team has taken action to ensure the safety of user assets, including migrating the rsETH cross-chain bridge to a more secure cross-chain standard.LayerZero co-founder and CEO Bryan Pellegrino tweeted that KelpDAO's related claims lack basis and that he will respond and defend in Vancouver.Previously, LayerZero released an incident report indicating that on April 18, 2026, the KelpDAO rsETH cross-chain bridge built on LayerZero was attacked, resulting in a loss of approximately 116,500 rsETH, valued at around $292 million.

According to the Financial Times, Saudi Arabia has withdrawn from the digital currency project led by Beijing, which is part of China's efforts to develop an alternative cross-border payment system to the US dollar.The mBridge platform has sparked controversy in the United States, with concerns that participants may use it to bypass traditional dollar-dominated payment systems like Swift. The platform is set to be commercially launched, utilizing blockchain technology to enable central banks to directly transact using their respective digital currencies, reducing foreign exchange transaction times and costs, and diminishing the role of the dollar as an intermediary currency.

Gravity Chain Official Announcement: It has been observed that the G token has significant price discrepancies between various trading platforms, with the price difference between certain platforms remaining above 30% for several hours and once exceeding 40%. This is mainly related to the fragmentation of liquidity and bridging limitations between the Gravity Alpha mainnet and Ethereum.The official team is actively developing solutions to enable users to quickly and safely bridge assets from the Gravity Alpha mainnet to Ethereum, and further updates will be shared later. According to market information, the G token is currently priced at $0.013 on the Binance platform, $0.008 on the OKX platform, approximately $0.0037 on the Gravity Alpha mainnet, and approximately $0.012 on the Ethereum mainnet.

SEC Chairman Paul Atkins issued a statement regarding the committee's approval of the "innovation exemption." He pointed out that more than a week ago, Congress failed to advance the CLARITY Act, thus the SEC today took significant steps within its statutory authority to bring the U.S. capital markets into the digital age by promoting on-chain trading of specific tokenized stocks.The order grants two types of temporary, conditional exemptions under Section 36(a)(1) of the Securities Exchange Act: first, it exempts "Tokenized Securities Venues" (TSV) from the definition of "exchange" under the Securities Exchange Act; second, it exempts specific liquidity providers ("regulated companies") from the definition of "dealer." Atkins emphasized that the anti-fraud and anti-manipulation provisions of federal securities laws fully apply to all securities activities in these markets, without exception.The exemption comes with several investor protection conditions: TSV must be U.S. entities and comply with OFAC sanctions; access standards must be set for a licensing system, allowing only specific participants to trade; synthetic products cannot be used—tokenized NMS "national market system" stocks must be tokenized by the issuer of the underlying stock or its representative, or by a third party not affiliated with the issuer, and holders must enjoy the same rights as traditional securities (including dividends and voting rights); issuers have the right to oppose and prevent their securities from being traded on TSV.Atkins stated that the committee is not solidifying current technology as future standards but rather allowing the market to evolve, monitoring its development, and using this as a basis to establish a more flexible, future-oriented regulatory framework. This exemption is a temporary measure, and the committee is seeking public input on all aspects, emphasizing that this transitional arrangement must be followed by the establishment of permanent rules to ensure that on-chain markets maintain a viable path as capital markets evolve.

Superseed officially announced that its Superseed L2 chain is shutting down, and the window for bridging back to Ethereum has now closed. The team has taken a snapshot of the final network state at block 31,688,848.Wallets holding 10,000 or more SUPR that have not yet completed the bridging will be able to claim SUPR in the claim portal that will go live in the coming weeks. Superseed stated that the first phase of its new application has launched on Ethereum, with more products to be released in the future.

The managed cross-chain bridge Long released a post-mortem report on the WETH hacking incident on September 14. On that day at 07:07 UTC, the bridge paid 46.7928 WETH (approximately $118,000) to the attacker's address from the Robinhood Chain treasury. There were no user fund losses, and the treasury has been fully replenished from platform revenue. The bridge has been rebuilt, reinforced, and continues to operate. During the recovery period, some orders were delayed by several hours.The bridge's keeper read the burn events on Arc via RPC to release assets. At that time, the official mainnet endpoint was not online, relying on public RPC. After the backup endpoint was overloaded, the main endpoint provided the keeper with forged withdrawal event logs within a short window, which did not exist on Arc. The keeper's protection at that time was against replay and double spending, and did not question the data source, thus releasing the WETH. Meanwhile, three other forged withdrawals were completely reverted on-chain. The forged events entered through the RPC channel, and the contract, keys, and treasury were not breached.