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first_img Intellectual property platform IPX completes a $4 million seed round, with a valuation of $125 million

The intellectual property tokenization platform IPX announced the completion of a $4 million seed round financing, with a valuation of $125 million. This round was led by Bitsurge Holdings, with participation from YICIPX Holdings Family Office and a group of strategic investors. The company is headquartered in Miami, Florida, and the founder and CEO is Brendan McCafferty.IPX's products are built on Base and include an intellectual property agent operating system, a tokenization issuance platform, and IPX Exchange, allowing creators to complete tokenization, advertising, monetization, and distribution within the same system. The company claims that over 100 celebrities have signed exclusive tokenization agreements, covering both existing and new film and television projects in Hollywood, first-tier athlete video games, and YouTube creator membership tokens.The company plans to launch IPXOS, IPX Exchange, and the native token IPX on November 15, 2026, stating that this financing marks the beginning of a series of updates leading up to that launch date, with news on technology, partners, and the first original projects to be released almost weekly thereafter. Brendan McCafferty stated: Creators retain ownership, fans provide funding and share profits, and IPX connects traditional finance with tokenization channels without taking ownership away from creators.

first_img Data platform Allium: Stablecoin payments increased by 45% to 482 billion USD

The blockchain data platform Allium released the "State of Stablecoins and Payments" third-quarter report on October 15, with data up to September 30. As of September, stablecoin payments grew by 45% to $482 billion, while the supply increased only by 0.4% during the same period; the number of transactions rose by 71% to 1.04 billion, and the average transaction amount decreased from $544 to $462. The payment amount in the third quarter increased by 51% year-on-year, reaching a monthly high of $72 billion in September.At the end of September, the stablecoin supply was $305 billion, up 0.4% from the beginning of the year. Supply growth is no longer driven by major issuers in 2025; Tether, Circle, and Ethena saw a decline in supply this year, while other issuers net increased by $6.9 billion, with the number of issuers holding over $1 billion rising from 11 to 15. Open USD reached $799 million two weeks after its launch on September 30, while brand stablecoins supported by USDC and PYUSD reached $872 million.Allium reported that the adjusted transaction volume from January to September increased by 48% to $24 trillion, with payments accounting for about one-fifth; approximately 2.5% of the $97.9 trillion in original stablecoin transfers was included in the adjusted transaction volume. In terms of payment value, Tron accounted for about two-thirds, with USDT making up 84%. The number of proxy payment transactions in the third quarter doubled to 68.3 million, with the amount decreasing to $3.7 million, while stablecoin card spending grew tenfold to $3.9 billion.

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.

first_img Chainalysis: The United States will become a net inflow country for Bitcoin for the first time in 2026

According to a report released by Chainalysis on Wednesday titled "North America: The Inside Story of Growth in Agency Commerce," the United States will become a net inflow country for Bitcoin in 2026, marking the first time since 2022. The data shows that institutions have continued to buy Bitcoin this year, while retail investors are generally in a selling position. The report states that dollar stablecoins provide a way for those without U.S. bank accounts to hold dollars, while Americans already have dollar accounts, leading other parts of the world to turn to digital dollars, with Americans increasingly relying on Bitcoin as a scarce store of value.The report points out that since the launch of the spot Bitcoin ETF in 2024, the U.S. share of global Bitcoin activity has been rising in each reporting period, even though the U.S. crypto economy size (2.78 trillion dollars) shrank by 2.2% during the bear market, it still retained most of the nearly doubled gains by 2025. The U.S. Securities and Exchange Commission approved the Bitcoin ETF in January 2024, after having rejected such products for a decade; these funds managed by Wall Street institutions such as BlackRock, Fidelity, and more recently Morgan Stanley, set the record for the most successful issuance in ETF history.The report also states that stablecoins have transformed U.S. debt into the preferred currency for peer-to-peer economies and cross-border enterprises, with stablecoins continuously entering new application scenarios in 2026, mainly occurring overseas, bringing billions of dollars in economic activity to U.S. businesses and government. Since Donald Trump took office, several laws and executive orders supporting the crypto industry have been signed, including the GENIUS Act signed in 2025, which allows entities such as banks to issue stablecoins, provided they are backed by assets like U.S. Treasury bonds and disclose reserve status monthly.
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