network

The Ethereum scaling network Starknet, built by StarkWare, has indicated that it is actively considering transforming into an independent Layer 1 network (L1), with 2027 set as the target date to become the first fully quantum-resistant network. STRK was approximately $0.073 on Friday, up about 20% in 24 hours, more than doubling from around $0.03 in April.StarkWare CEO Eli Ben-Sasson stated that after becoming L1, Starknet will be able to control security upgrades independently, without waiting for Ethereum to advance related work. As a Layer 2 network (L2), Starknet currently relies on Ethereum for security; after transitioning to L1, it will verify and secure transactions on its own.Eli Ben-Sasson pointed out that quantum computers may potentially break the elliptic curve cryptography used by Bitcoin and Ethereum in the future, and developments in AI in the field of mathematics also pose another risk. The Ethereum roadmap is expected to complete its core quantum-resistant infrastructure around 2029, while Starknet plans to advance this to 2027; currently, no quantum computer exists that can break these systems.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached 970 million dollars, with long positions liquidated at 774 million dollars and short positions liquidated at 195 million dollars, totaling 163,596 people liquidated.

According to Whale Alert monitoring, at 20:44 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana network.

Polychain Capital founder and CEO Olaf Carlson-Wee announced at the Network State conference that Polychain is leading a new round of financing for Network School, with a valuation of $2 billion. Andreessen Horowitz (a16z), Coinbase, and Balaji himself, among other institutions and individuals, participated in the investment, with the specific financing amount not disclosed.Olaf stated that Polychain's investment strategy does not solely focus on incremental improvements but seeks projects that utilize new business models or technologies to solve problems in different ways. He expressed anticipation for participating in the financing of Network School and mentioned that he has known and collaborated with Balaji for over ten years.

According to the official public account of the China Academy of Information and Communications Technology, the smart agent identification and identity network has officially launched its trial operation and is open for access to the public.This network relies on trusted interconnection centers for smart agents in Beijing, Xiamen, and other locations, providing services such as identity registration, identity verification, addressing resolution, and capability discovery. It adopts a "Blockchain + DID + Super Smart Agent" technical route, compatible with various DID methods, and adapts to mainstream interconnection protocols such as A2A and ANP.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.18% in the past 24 hours, with the current total open interest at 32.151 billion USD. Among them, Binance has an open interest of 9.119 billion USD, OKX has an open interest of 1.863 billion USD, Bybit has an open interest of 2.244 billion USD, and Gate has an open interest of 1.908 billion USD.

StarkWare CEO Eli Ben-Sasson published an article discussing the necessity of upgrading Starknet to L1 to address threats from the post-quantum era. He pointed out that quantum computing threats may be closer than expected, and the rapid development of AI could break existing security assumptions, necessitating that blockchain enters a "shelter mode" to quickly achieve future-proofing.Key elements include: adopting appropriate cryptographic technologies, having cryptographic flexibility, and becoming an independent L1. As L2, Starknet relies on Ethereum's security. Ethereum aims to achieve full quantum resistance by the end of 2029, while Bitcoin has yet to make such a commitment. If Starknet upgrades to L1, it could achieve this by 2027. This move would allow it to independently control security migration, becoming a quantum-resistant network for public or private transactions and asset holdings.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $1.191 billion, with long positions liquidated at $1.056 billion and short positions liquidated at $135 million. Among them, Bitcoin long positions were liquidated at $273 million, Bitcoin short positions were liquidated at $31.5008 million, Ethereum long positions were liquidated at $294 million, and Ethereum short positions were liquidated at $56.5026 million.In addition, in the last 24 hours, a total of 192,576 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - ETH-USD worth $199.817 million.

Swiss cryptocurrency exchange WhiteBIT announced that it has integrated the Lightning Network, allowing users to deposit and withdraw Bitcoin through this network. This feature is technically supported by Bitcoin infrastructure provider Voltage, with a deposit fee rate of 0.25% and a withdrawal fee rate of 0.15%. Users can complete transactions using QR codes or payment information.WhiteBIT founder and CEO Volodymyr Nosov stated that WhiteBIT's mission is to make blockchain technology more accessible and widely adopted, achieving this goal by providing practical and user-friendly digital asset solutions. The addition of Lightning Network support makes Bitcoin faster and more useful, facilitating users to deposit accounts, send and receive funds, and use Bitcoin in more real-world scenarios.WhiteBIT is headquartered in Zug, Switzerland, and according to CoinGecko data, its trading volume ranks 17th among global exchanges. The exchange stated that this launch supports faster Bitcoin channels, with application scenarios covering remittances, exchange fund transfers, merchant QR code payments, and interoperability with wallets and applications that support the Lightning Network. The Lightning Network was launched in 2018, and this year its trading volume has significantly increased, mainly due to exchanges utilizing the network to transfer funds at low cost and high efficiency.

According to Coinglass data, the total contract open interest for ETH has decreased by 7.53% in the past 24 hours, with the current total open interest at 31.795 billion USD. Among them, Binance's open interest is 8.899 billion USD, OKX's open interest is 1.851 billion USD, Bybit's open interest is 2.244 billion USD, and Gate's open interest is 1.957 billion USD.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 413 million USD, with long positions liquidated at 361 million USD and short positions liquidated at 52.4595 million USD. Among them, Bitcoin long positions were liquidated at 126 million USD, Bitcoin short positions at 10.0262 million USD, Ethereum long positions at 70.1669 million USD, and Ethereum short positions at 9.9208 million USD.In addition, in the last 24 hours, a total of 93,351 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth 11.8234 million USD.

Samsung Electronics America announced that Samsung Wallet will launch a stablecoin wallet feature for eligible Galaxy users in the United States in the last week of October, initially supporting the US dollar stablecoin USDC, with blockchain infrastructure partner Sui. This feature will cover 82 million Galaxy devices in the U.S., launching first in the U.S. and later expanding to other markets.Sui's gas-free stablecoin transfers allow USDC to be transferred on Sui with zero network fees, enabling users to complete transactions without needing to purchase or hold SUI first. Initially, USDC is the only supported asset, and SUI tokens are not supported. Woncheol Chai, head of the digital wallet team for Samsung Electronics' mobile experience business, stated that introducing USDC transfers into Samsung Wallet allows eligible Galaxy users to use it without installing other applications or managing private keys themselves.Native USDC will go live on Sui in 2024, followed by integration with Circle's cross-chain transfer protocol. Since August 2025, Sui has processed over $1 trillion in stablecoin transfer volume and continues to enhance payment infrastructure and stablecoin integration in markets such as Africa, Europe, Asia, Latin America, and North America.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $709 million, with long positions liquidated at $647 million and short positions liquidated at $61.944 million. Among them, Bitcoin long positions were liquidated at $172 million, Bitcoin short positions at $12.1436 million, Ethereum long positions at $236 million, and Ethereum short positions at $15.5148 million.In addition, in the last 24 hours, a total of 122,768 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDC worth $26.6438 million.

Coinbase will add support for Ethos Network token Whuffie (WHUF). Users can now generate WHUF deposit addresses on coinbase.com, Coinbase App, and Coinbase Exchange, applicable in regions where trading is supported. The official statement also notes that WHUF deposits will not be available until the asset issuer unlocks transfers.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 658 million dollars, with long positions liquidated at 595 million dollars and short positions liquidated at 62.946 million dollars. Among them, Bitcoin long positions were liquidated at 150 million dollars, Bitcoin short positions at 11.4456 million dollars, Ethereum long positions at 218 million dollars, and Ethereum short positions at 11.858 million dollars.In addition, in the last 24 hours, a total of 114,279 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDC worth 26.6438 million dollars.

A former core infrastructure engineer, Daniel Rhyne, from an industrial company in New Jersey, was sentenced to 32 months in prison for attacking his employer's computer network and demanding a ransom in Bitcoin. The 59-year-old Rhyne, who is from Kansas City, Missouri, was sentenced on September 28 by U.S. District Judge Michael A. Shipp in Trenton. He pleaded guilty in April this year to charges including extortion by threatening to damage a protected computer and intentionally damaging a protected computer. The prosecution did not disclose the name of the company, which is headquartered in Somerset County, New Jersey, serving clients in industries ranging from biopharmaceuticals to oil and gas.According to the FBI's criminal complaint, around 4 PM on November 25, 2023, the company's network administrator began receiving hundreds of password reset notifications for accounts, and subsequently discovered that all other domain administrator accounts had been deleted. Forty-four minutes later, employees received an email titled "Your Network Has Been Penetrated," claiming that the company's IT administrator had been locked out, backups had been deleted, and warning that unless 20 Bitcoins (approximately $750,000 at the time) were paid by December 2, an additional 40 servers would be shut down daily for 10 days. The ransom was set at 700,000 euros, to be paid in Bitcoin.Investigators traced the attack back to an unauthorized virtual machine created on the company network on November 9, 2023, with the password "TheFr0zenCrew!", which was subsequently set for the administrator account, 301 user accounts, and the email used to send the ransom note.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 144 million dollars, with long positions liquidated at 87.2609 million dollars and short positions liquidated at 56.7386 million dollars. Among them, Bitcoin long positions were liquidated at 17.2537 million dollars, Bitcoin short positions at 11.2408 million dollars, Ethereum long positions at 11.054 million dollars, and Ethereum short positions at 5.0203 million dollars.In addition, in the last 24 hours, a total of 60,063 people were liquidated globally, with the largest single liquidation occurring in Hyperliquid - XYZ:SP500-USD valued at 5.8047 million dollars.

The consumer-grade Ethereum Layer 2 network Abstract, supported by Pudgy Penguins' parent company Igloo Inc., announced that it will gradually cease operations and officially shut down its mainnet on December 15, 2026. The official reasons given are stagnation in growth, thin liquidity, limitations in the DeFi ecosystem, and insufficient institutional adoption. Abstract warns users that they must transfer their assets across chains before the shutdown date, or they may lose access to their funds.Abstract stated that the network has deployed over 144 applications and has attracted more than 400,000 users through consumer-grade collaborations with brands such as Red Bull Racing and Disney. However, significant changes have occurred in the industry since the project's conception, and the independent chain model focused on consumer-grade crypto has ultimately proven difficult to sustain. Igloo has continuously funded Abstract for the past 18 months, with CEO Luca Netz revealing that cumulative losses have reached tens of millions of dollars. Igloo is now redirecting resources towards Pudgy Penguins and PENGU.In July 2024, Igloo completed a financing round of over $11 million led by Founders Fund, aimed at developing Abstract and leveraging Pudgy Penguins' distribution capabilities to bring consumers on-chain. The network launched its mainnet in January 2025. Netz stated that Igloo ultimately decided not to issue Abstract tokens and would not continue funding the network at the expense of Pudgy Penguins' business.

According to official news, the P2P AI inference network Antseed has officially been released, while also disclosing that the nonprofit foundation Antseed Foundation has completed a $2.4 million token round of financing. Spark Capital led the investment, with participation from Collider, DCG, North Island Ventures, Reciprocal Ventures, Relay Capital, and Venice.ai.Antseed aims to apply BitTorrent's peer-to-peer model to the AI inference field, allowing different providers to sell models and Agent services directly. After running Antseed's local router on their computers, users can connect tools like Claude Code, Codex, OpenCode, etc., to the same address. Each call is selected by the router based on price, speed, reputation, and privacy conditions, with fees settled directly in USDC on Base. Providers can run their own local models, fine-tune models, or offer other AI services and set their own prices.The biggest difference between Antseed and OpenRouter is that there is no unified platform responsible for forwarding in between. Buyers connect directly to providers, while Antseed is responsible for discovery, routing, reputation, and payment protocols. Ordinary providers can still see the requests they handle; users can also choose providers verified through TEE, allowing requests to run in a trusted execution environment.Antseed is also continuing to improve verification mechanisms such as model fingerprints, signature responses, and audits to prevent providers from misrepresenting cheaper models as more expensive ones. The code has been open-sourced, and the network is operational, although GitHub is currently addressing compatibility issues with Codex, Claude Desktop, and others.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 168 million USD, with long positions liquidated at 106 million USD and short positions liquidated at 61.8466 million USD. Among them, Bitcoin long positions were liquidated at 39.6593 million USD, Bitcoin short positions at 13.6196 million USD, Ethereum long positions at 12.6697 million USD, and Ethereum short positions at 7.3524 million USD.In addition, in the last 24 hours, a total of 64,000 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth 11.8511 million USD.