labs

PLabs released a technical paper on October 9, proposing a privacy stablecoin protocol based on Ethereum. This protocol allows anyone to deploy a Reserve Vault and NotePool supported 1:1 by reserve ERC-20 tokens, generating pUSDC as an example. The user's first on-chain credit is a privacy note, without the need to hold public USDC beforehand.The protocol separates the payer from the payee, mintage from becoming currency, and pre-minted notes can only circulate after an equivalent reserve is deposited in the same transaction. The circulating supply and reserve's 1:1 relationship is enforced by the contract, with ownership and transfers hidden on-chain. Only compliant administrators can execute freezes, and frozen reserves cannot be moved. The protocol is based on the Zcash Orchard note model, adopts the pERC20 standard, supports selective disclosure, and the security model covers abnormal scenarios involving operators, entry parties, and relayers.

Anyflo, a stablecoin payment orchestration service for enterprises, announced its public launch on October 8, 2026, in Singapore during TOKEN2049 at the Sui Basecamp. The company was incubated internally by Mysten Labs, the original contributors to Sui, and its founder and CEO, Lola Oyelayo-Pearson, previously served as the product manager at Mysten and has also worked at Shopify and Capital One.Anyflo acquired Native through a talent acquisition. Before the acquisition, Native had raised just under $2 million and had launched a marketable Bitcoin lending platform on Sui, ranking in the top five among 630 projects at Sui Overflow 2025. Co-founder Robert Zaremba and his team will join Anyflo.Anyflo positions itself as an orchestration layer, providing multi-chain stablecoin access and handling the complexities related to blockchain networks, liquidity, and routing. The company plans to enter private alpha in October 2026, including a production preview and liquidity access, with a beta launch scheduled for the first quarter of 2027. In addition to incubation, Mysten Labs has also invested $1 million in the company.

According to the Financial Times, DWF Labs' DWF Maas and Falcon Digital have sued the cryptocurrency custody company BitGo in the High Court of London, accusing it of violating over-the-counter (OTC) agreements by selling Falcon Finance (FF) and ESPORTS tokens before the agreed lock-up period ended, resulting in a drop in token prices.According to the lawsuit, both parties agreed that the tokens would be offered at a discounted price but must adhere to a three-month lock-up period and subsequent phased unlocking arrangements. DWF claims that BitGo transferred the tokens to exchanges about two months before the first unlocking, causing market sell-off pressure and damaging the value of its remaining holdings, thus seeking $141 million in damages. BitGo declined to comment on the lawsuit, and the related allegations have not yet been adjudicated by the court.

According to BBX data, yesterday global digital asset institutions disclosed the latest developments in capital operations, top venture capital layouts, and privacy infrastructure expansion. The core information is as follows:First Digital has reached a merger agreement with a SPAC, valuing at $250 million, aiming for a Nasdaq listing: The issuer of the dollar stablecoin FDUSD, First Digital, officially announced the signing of a final business merger agreement with the special purpose acquisition company CSLM Digital Asset Acquisition Corp III. The pre-transaction equity valuation for this deal is $250 million. Upon completion of the merger, First Digital will become a wholly-owned subsidiary of a newly established Cayman holding company, with its existing shareholders fully exchanged for Class A common stock of the holding company. The newly merged entity is expected to officially list on Nasdaq in the first half of 2027.AI trading agent startup Catalyst completes $30 million seed round financing, led by Sequoia Capital: AI trading agent startup Catalyst announced the completion of a $30 million seed round financing. This round was led by the world’s top venture capital firm Sequoia Capital, with participation from Wall Street high-frequency quantitative firm Jump Trading, Peak XV, Lux Capital, AntiFund, cryptocurrency exchange giant Coinbase, and Premji Invest, among other well-known institutions. The funds will be used to advance the development of the next-generation on-chain smart trading agent protocol.Blockchain privacy infrastructure Soda Labs receives exclusive $3 million seed round investment from NextBlock: Blockchain privacy infrastructure developer Soda Labs announced the completion of a $3 million seed round financing, exclusively invested by NextBlock. This funding will be specifically used for global market expansion, expanding the verification node network and blockchain support coverage, core team building, and accelerating the integration of its underlying protocol with commercial banks, traditional payment companies, and real-world asset (RWA) platforms. Soda Labs disclosed that its core privacy layer Bubble currently supports Ethereum, Polygon, Arbitrum, Base, and COTI, and is fully expanding to high-performance networks like Solana.

Programmable privacy infrastructure Soda Labs has completed a $3 million seed round financing, led by NextBlock. Over the past two and a half years, Soda Labs has developed a cryptographic privacy solution that combines garbled circuits with multi-party computation (GC-MPC), relying on proven standard cryptography such as AES and SHA256. Its privacy engine runs on standard cloud CPUs without the need for dedicated hardware, enabling applications to achieve privacy computing while maintaining a connection to existing public blockchain infrastructure.

Alphabet's AI drug development company Isomorphic Labs, led by Demis Hassabis, is in early negotiations for a new round of financing, with a valuation of at least $40 billion, potentially reaching $50 billion.The company completed a $2.1 billion Series B financing in May this year. Reports also indicate that the application of AI in the biopharmaceutical field is still in its early stages, and more efforts are needed before clinical trials and product launches. This negotiation is still in the early stages, and specific terms and investor information have not been disclosed.

New York startup Vest Labs announced the completion of a $13 million seed round financing, which closed in July this year, led by Portal Ventures, with participation from individual investors including Citadel Securities, BlackRock, and KKR executives.Vest was co-founded by University of Pennsylvania dropout Justin Ma, Rikuya Takatsu, and Maximilian Tsiang. The platform allows qualified traders to use company funds to trade perpetual futures contracts around the clock, with traders able to receive up to 80% of the profit share, differentiating itself from traditional proprietary trading firms that charge users for simulated account fees. The company plans to use the funding to develop a mobile application, expand its 22-person team, and broaden the range of tradable asset classes.

On September 8, the ZKsync development team Matter Labs announced that it has open-sourced the permission engine of its privacy blockchain platform Prividium for financial institutions under the Apache 2 license. This engine is responsible for managing roles and access permissions on the chain, determining who can read and write data. After the open-sourcing, institutions can run the permissioned chain in their own environment based on the public code without signing commercial agreements, and can independently inspect, run, and modify the core code, reducing reliance on a single vendor.The Deutsche Bundesbank became the first institution to test and deploy the open-source permission engine in its own infrastructure. Matter Labs stated that both parties will continue to collaborate on platform design and testing. Prividium achieves privacy by keeping transaction data within the institution, only recording zero-knowledge proofs that the ledger has been correctly updated on Ethereum or other compatible chains. Previously, the core of ZKsync OS, Atlas sequencer, Airbender prover, interoperability contracts, and block explorer and monitoring components have been open-sourced.Matter Labs CEO Alex Gluchowski stated that feedback from regulators indicated that relying solely on commercialized core components leads to unacceptable single vendor dependency, and the ability to run, inspect, and modify the code independently is a prerequisite for adoption. He also pointed out that this open-sourcing does not change the role of the ZK token, only adjusting which parts of the Prividium software are public code and which remain commercial products. Connectors such as management consoles, user access tools, and core banking system integrations remain paid products.

According to Ember Monitoring, the address under the development team HyperLabs of the decentralized perpetual contract exchange Hyperliquid applied to unstake 3.75 million HYPE (worth approximately 332 million USD) 7 days ago and has successfully completed the redemption 2 minutes ago.

According to Globenewswire, the stablecoin payment infrastructure company Noah announced the completion of a $38 million seed round financing, with participation from Endeit Capital, FJ Labs, LocalGlobe, Felix Capital, and several well-known angel investors.The new funds will be used to expand international remittance services, develop regulatory frameworks, and provide cross-border payment services based on stablecoins for businesses and individuals.

Aptos Labs announced the launch of MonoMove, which is the largest proposed upgrade in the history of the Aptos blockchain execution engine. Aptos Labs stated that internal testing shows that MonoMove can run smart contracts up to 55 times faster than existing systems.On its fully incubated on-chain trading platform Decibel, the speed of collateral withdrawal is increased by up to 55 times, and the order placement speed is increased by up to 22 times.

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 developer of the decentralized lending protocol Aave, Aave Labs, has published an ARFC on the governance forum, proposing the establishment of the Aave Foundation. This entity will be a memberless foundation company in the Cayman Islands, which will hold the Aave trademark and related intellectual property for the Aave Protocol.The proposal only covers Phase 1, which includes entity registration and the appointment of initial independent directors and supervisors. The transfer of trademarks, domain names, and intellectual property of the codebase, as well as the scope of operations, will be addressed in subsequent phases and must be submitted for governance separately. Phase 1 only applies for registration, legal work, and reasonable expenses for the appointment of directors, supervisors, and secretaries, with no recurring budget; future funding must be proposed separately.The foundation is established under the Foundation Companies Act, with its charter goals limited to holding, protecting, and licensing intellectual property for the Aave Protocol. Aave Labs, DAO service providers, and their affiliates have no right to appoint directors or supervisors and cannot hold such positions. After the initial appointments, the removal and appointment of directors can only be done through an AIP. If this ARFC reaches community consensus, it will enter Snapshot, and then the related expenses will be authorized through an AIP, followed by registration in the Cayman Islands and completion of the appointments.

Aave Labs has proposed a new plan regarding the ownership of brands and intellectual property, intending to gradually hand it over to a DAO for oversight and management. According to the schedule for the first phase, the team will first promote the establishment of a legal entity located in the Cayman Islands and appoint independent senior management for that entity.However, the transfer of ownership for the trademark rights related to the Aave brand, domain names, and code repositories is not included in the action scope of the first phase. Instead, it will be subject to approval through multiple rounds of governance voting that will be initiated later.

Muneeb Ali posted on the X platform that he will serve as the new CEO of Stacks Labs. Last year, Stacks underwent an ecosystem restructuring, with Stacks Labs becoming the protocol's operational center; over the past year, Alex Miller served as the interim CEO of Stacks Labs.Muneeb Ali stated that his optimism for STX is higher than ever; with the successful launch of Bitcoin staking, there will be increased investment in the development of the Bitcoin capital market. As a result of this news, STX rose 10.9% in the past 24 hours.

According to Fortune, Turing Award winner and founder of AMI Labs, Yann LeCun, stated in an interview that he believes recent incidents of AI agents going out of control are mainly due to insufficient human supervision and sandbox design, which can be prevented through engineering improvements.He also revealed that AMI Labs currently has about 60 employees and is developing world models for industrial applications based on the JEPA architecture, with the first product set to be launched "soon."

Hyperliquid co-founder iliensinc stated in the official DC channel that Hyperliquid Labs will un-stake 3.75 million tokens today and plans to distribute the related tokens to team members on October 7. This batch of tokens is part of an over-the-counter transaction with an institution and will not be sold on the public market.

According to the Financial Times of the UK, the artificial intelligence voice startup ElevenLabs has doubled its valuation to 22 billion dollars.

According to Quit monitoring, the Payment Processor V2 (PPV2) vulnerability attack is still ongoing. Even if users are not affected by the incident, as long as the relevant authorization has not been revoked, assets may still be at risk, and it is recommended to revoke the authorization immediately.About 1 hour ago, a certain address lost 0.15246 WETH in the next block after accepting a quote and receiving funds. The attacker paid 99% of it as a tip to Titan Builder, keeping only about 0.0015 ETH, which is almost impossible to recover through front-running. Quit suggests that OpenSea should check whether there are still risk authorizations before users accept quotes and require users to revoke them first; when transferring NFTs, it should also check whether the receiving address has relevant authorizations left.

The digital asset post-quantum security infrastructure company Project Eleven announced the acquisition of Riva Labs to enhance its capabilities in post-quantum signatures, wallets, multi-party computation (MPC), and account abstraction. This acquisition also includes the technology and intellectual property developed by Riva on Ethereum and other public chains.Riva Labs' work encompasses hash-based post-quantum signatures, post-quantum MPC, account abstraction, wallet infrastructure, and hardware signing, and has demonstrated post-quantum signatures on consumer-grade hardware. Project Eleven stated that the relevant teams and technologies will be integrated into its research and product work in post-quantum cryptography, digital asset custody, and blockchain security. Riva will also bring its practices of using artificial intelligence in research and engineering processes into the company.Project Eleven's CEO and co-founder Alex Pruden stated that the acquisition will strengthen the research and engineering teams and accelerate the transition of digital assets to post-quantum security. Riva Labs co-founder Matteo Vena mentioned that both parties share a similar judgment on the tools needed in the industry, and joining Project Eleven will allow for a larger-scale advancement of public chain upgrades.