for

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.

Aave V4's Arc Markets connects USD and EUR loans to shared liquidity. This deployment went live on September 16 and includes four types of reserve assets.Among them, the Forex market allows borrowers to collateralize EURC, while EURC does not qualify as eligible collateral in Arc's Main market, thus both markets share the same liquidity source.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the Polymarket market. A large whale invested $58,800 in the "LoL: Cloud9 vs. Karmine Corp (BO5) - World Championship Qualifiers" event, specifically on the "Game 2 Winner." Based on the current transaction price, the latest corresponding winning probability for this bet is 49%.

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.

Elon Musk stated that the Star Mind computer, jointly developed by SpaceX and Nvidia, has performed far beyond almost everyone's expectations and plans to achieve mass production next year.

Meta Platforms (META.O) will release model weights based on the Muse model license, accompanied by limited commercial use terms, allowing numerous developers to use the model for free.

Meta Platforms (META.O) announced that Muse Spark Open officially launched today, bringing leading intelligent agent capabilities to the Mac Studio desktop computer powered by the Apple M5 Ultra chip for the first time.

The Swedish central bank (Riksbank) has suggested that lawmakers prepare relevant legislation for the potential launch of a digital krona, citing reasons including the European Central Bank (ECB) advancing the digital euro and the increasing use of foreign currency stablecoins.In a letter, the bank stated that the ECB plans to conduct a pilot for the digital euro in 2027 and may launch it to the public in 2029. The Swedish central bank pointed out that if the payment system lacks a digital version of the national currency, its competitiveness may be affected. The bank believes that foreign currency stablecoins, such as those pegged to the US dollar, are widely used for payments within Sweden, which may put pressure on the use of the Swedish krona, but short-term risks are limited. The Swedish central bank estimates that the launch of a digital krona will take at least five years, not including the time required for legislative changes.

Financial services company Charles Schwab has launched direct trading of Bitcoin and Ethereum for eligible retail clients. The company manages approximately $13.33 trillion in client assets and has 40.3 million active brokerage accounts. Charles Schwab CEO Rick Wurster stated that the company is gradually opening up cryptocurrency transfer in and out functions, with plans to add trading for Solana, Avalanche, and Chainlink by the end of 2026.Currently, transfers support the Bitcoin network and the Ethereum network, and withdrawal addresses must be registered in advance. Schwab Crypto trading fees are 0.75%, with a minimum transaction amount of $1 and a maximum of $2 million. Rick Wurster mentioned that cryptocurrency trading will become one of the new revenue sources based on transactions; the platform is currently not open to clients in New York, Louisiana, U.S. territories, and international markets.

According to Bloomberg, the cryptocurrency market is experiencing a tug-of-war between bulls and bears, with analysts still leaning bullish, but the speculative market is shifting towards defense, putting pressure on risk appetite. Bitcoin briefly fell below $80,000 for the first time in nearly a month; affected by the sell-off in the U.S. stock market's AI sector, risk assets retreated, and the bullish sentiment that the cryptocurrency market was trying to rebuild was once again thwarted.Jeff Anderson, head of STS Digital in the U.S., stated that inflation data will "severely impact risk appetite," and the market is entering a quiet period before the Federal Reserve's interest rate meeting, with interest rate expectations still uncertain. Nick Forster, founder of Derive.xyz, mentioned that in the past 24 hours, the market's pricing of Bitcoin's probability of rising to $100,000 before Christmas has decreased by 2.8 percentage points to 9.7%; long-term bullish bets have quickly retreated, short-term hedging demand has surged, and institutions are reassessing macro risk exposure as the interest rate outlook becomes unclear again.

According to The Block, the developer of the tokenized asset settlement platform Multiliquid, Uniform Labs, has raised a total of $8 million in seed and pre-seed funding rounds, with the latest seed round led by Polychain, and participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures.Multiliquid supports institutions in converting between tokenized assets and stablecoins through single atomic transactions, and is currently deployed on Ethereum and Solana.

Cryptocurrency media Watcher Guru reported that Australia has proposed legislation requiring the reporting of cryptocurrency transactions and the initiation of international tax information sharing.According to the bill, cryptocurrency platforms will be required to report transactions involving Australian residents to tax authorities starting from July 2027.

Patrick Collison, co-founder of Stripe, stated that since Privy joined Stripe more than a year ago, the asset scale in its wallet has increased to about 25 times, the number of monthly active developers has grown to about 3 times, and revenue has increased to about 9 times, currently facilitating nearly $25 billion in transactions each month.Companies like Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features based on Privy. Stripe is deeply integrating Privy into Treasury, Link, and Connect to accelerate global expansion and feature development, and plans to launch the Link balance feature. Privy's wallet infrastructure also supports AI agents to conduct transactions and earn revenue, with related applications including Merit Systems and Nevermined. Collison expects the agent economy to continue to grow rapidly. The two parties are building a unified API to support holding stablecoin balances and earning yields, fiat fund transfers in and out, and arranging expenditures via bank cards. Collison also mentioned that there is still a lot of work to be done on the integration between Privy, Bridge, and other Stripe businesses.

Crypto journalist Eleanor Terrett reported that Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC), stated that the final rules for implementing the GENIUS Act are expected to be released soon, by the end of October.Gould made this statement at the "Building the New Digital Economy" event hosted by the Milken Institute, which coincided with DC Fintech Week.

According to The Defiant, OKX announced the launch of the Onchain Spot and Perps public beta within its app. Qualified users can use free points (XP) to simulate trading in stock, index, and commodity markets, preparing for subsequent real fund trading. This simulated trading competition shares a prize pool of 250,000 USDT with Outcomes Season 3, running from October 14, 22:00 EST to November 14, 11:00. XP points have no cash value and cannot be withdrawn, transferred between accounts, or exchanged for financial instruments.The first simulated markets include gold, S&P 500 ETF, SpaceX, and Nvidia themes, with separate trading pairs for spot and perpetual contracts. Participants are testing trading strategies rather than purchasing shares of the aforementioned companies. OKX's product announcement indicates that qualified customers come from Southeast Asia, Northeast Asia, the Commonwealth of Independent States, as well as the Middle East and North Africa; users must complete identity verification and use a passkey to open a dedicated on-chain account through their existing OKX account.The trading venue operates on Exchange OS built on X Layer, and OKX refers to this account as self-custodial, supporting a unified balance between spot, perpetual contracts, and Outcomes. The spot and perpetual markets share margin, eliminating the need for internal transfers between product accounts.OKX stated that after the competition ends, real fund trading will be opened, allowing users to fund their on-chain accounts from their OKX exchange accounts, with spot and perpetual contracts settled on-chain in USDS. The activity XP and positions will not convert to real fund positions.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale fund made a single purchase of $50,142.3 on "KKS Lech Poznań vs Bayer 04 Leverkusen" event, targeting "Bayer 04 Leverkusen." Based on the current transaction price, the latest corresponding winning probability for this target is 70%.

According to The Defiant, the on-chain insurance protocol Firelight based on the Flare network announced on October 15 that its on-chain insurance has launched the Protected Strategies USDC vault for Kraken DeFi Earn, providing a collateral-backed compensation mechanism for specific protocol failures.The independent manager of the vault, Sentora, insures the vault rather than Kraken itself. Depositors do not need to actively choose to participate, but the insurance comes with conditions: Kraken discloses that the compensation limit for each deposit address during each insurance period is $100,000, and the total compensation amount is also constrained by the overall vault limit and available capital. Compensation is issued by Sentora in USDC to eligible wallets, and Kraken does not provide funds or guarantees.Firelight lists six types of failures that are eligible for compensation: smart contract vulnerabilities, oracle failures, governance attacks, and bad debts, depegging, or redemption failures caused by protocol mechanism failures. Insurance only applies to markets and positions recorded during the insurance period. Normal fluctuations, normal liquidations, depegging that operates as designed during redemption, and withdrawal delays caused by high organic utilization are excluded; insider theft, stolen private keys, phishing, and regulatory actions are also not covered.The trigger conditions for redemption failure are if the insured position cannot be withdrawn for more than 72 consecutive hours, or if the amount returned after deducting disclosed fees is less than 90% of fair value. Compensation does not require depositors to file claims themselves, as it is determined by a five-member risk committee through a three-fifths majority vote.On-chain records show that the insurance scale marked as "Kraken DeFi Protected" is $30.5 million.

According to Cointelegraph, Nasdaq-listed TRX treasury company Tron has submitted documents to the U.S. Securities and Exchange Commission to establish a new stock issuance plan at market price, allowing it to sell up to $200 million in common stock to fund a larger TRX treasury.According to the supplemental prospectus filed on Wednesday, Tron can regularly sell common stock with a par value of $0.0001 through Clear Street as an agent, with Clear Street charging a commission of up to 3% of the total amount raised.The existing TRX buyback plan announced by the company in February this year aims to purchase approximately $50,000 of TRX daily for 360 consecutive days. On Thursday, Tron purchased 149,369 TRX at an average price of $0.3347, and the treasury currently holds a total of 718.9 million TRX, valued at approximately $237 million. On the same day, the company's stock price opened down 4.7%, continuing its decline of about 67% over the past 12 months.

Sui co-founder and Chief Product Officer Adeniyi Abiodun wrote in a review: Several years ago, when the team began to build an L1, the venture capital firms and institutions they contacted suggested that they fork EVM to avoid the difficulties of self-development and to quickly launch another version of a similar product before continuing to advance.Abiodun stated that the team rejected this suggestion because they had a clear judgment on the direction of industry development and believed that replicating a flawed design was not advisable. Therefore, Sui was built from scratch, taking on the corresponding risks and time costs. He mentioned that the current trend aligns with the team's initial judgment, and among the batch of application scenarios people hope to build today, Sui is the only viable option, making the next few years very interesting.

According to official news, NeoSoul expressed understanding of the difficulties in starting a business in the cryptocurrency industry and expressed support for the StandX team and community.NeoSoul will establish a special DNA airdrop quota to reward community contributors who have long participated in the construction of StandX. The specific eligibility rules and claim entry will be announced after the DNA TGE. At the same time, NeoSoul expressed willingness to communicate with the StandX team to jointly explore community support plans.