on-chain

After verification with OKX officials, the 172,000,000 USDT (approximately 171,846,059 USD) monitored by Whale Alert transferred from OKX to an unknown wallet is an internal transfer operation conducted by OKX.OKX stated that regarding today's industry security incident, they have completed a comprehensive inspection and found no signs of intrusion. The platform is operating normally, and user assets are not affected.

On-chain lending company Birch Hill announced on its official account the appointment of Jonathan Thomas as the head of curation. Brad Schlagel, Alex Cornwell, and Ian Plosker joined from the on-chain treasury platform Yearn, responsible for the on-chain lending strategy Birch Hill Absolute Value, while Traver Normandi joined from the on-chain lending risk management company Gauntlet, responsible for business development.According to Birch Hill's announcement, Schlagel previously led the development of Yearn v3 and is currently the portfolio manager and head of strategy architecture; Plosker is the portfolio manager and head of platform engineering; Cornwell was previously responsible for Yearn's business development and is now the head of capital formation. Thomas has worked with the Yearn team on strategies based on the Yearn v3 treasury standard and is now responsible for treasury curation. Normandi previously worked at Gauntlet in institutional business development.Birch Hill is a financial services company headquartered in New York that evaluates, builds, and distributes credit on public chains, and serves as the official curator for the lending protocol Morpho. The company announced on October 28 that it has completed a $4 million seed round of financing, led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures, and Nascent, bringing total funding to $6.5 million. The company stated in a follow-up post that it will further introduce tokenized credit securities oABS and Birch Hill Absolute Value.

During the attack on Binance, arbitrage opportunities appeared on-chain. A community user reviewed that the attacker, in order to avoid Tether's freeze, exchanged a large amount of USDT for ETH through DEX, causing the price of ETH on Uniswap to rise to between $2560 and $2750, with some transactions exceeding $3000, while the ETH price obtained through Chainlink oracles on Aave remained between $2250 and $2290, resulting in a price difference of 15% to 30% between on-chain and oracle prices, lasting nearly an hour.Arbitrageurs took advantage of this price difference by depositing USDC/USDT as collateral on Aave, borrowing ETH at the oracle price, and then selling it at a high price on DEX. After the price difference narrowed, they bought back ETH to repay the loan. According to the user's statistics, within 6 hours after the incident, a total of 61 addresses borrowed ETH on the Aave mainnet (excluding hacker addresses), with the address that profited the most selling 12,289 ETH at an average price of about $2580, and then buying back 12,314 ETH at an average price of about $2297, making a profit of about $3.47 million. The top ten arbitrage addresses collectively made a profit of about $6.36 million.The user stated that the arbitrageurs exploited the price disconnection between centralized exchanges and DEX, and there was no vulnerability in the Aave contract itself. As DEX prices fell and Aave froze the mainnet V3 market, the arbitrage window gradually closed. The aforementioned profits are based on on-chain statistics and have not yet deducted Gas fees.

According to a report by Crypto in America, the cryptocurrency industry organization the Chamber of Digital Commerce (CCI) and members such as Bitwise, Galaxy Digital, and Morpho submitted a 238-page report to the U.S. Securities and Exchange Commission (SEC), urging the regulatory agency to clarify how existing securities laws apply to on-chain vaults and to develop a differentiated regulatory framework based on the level of control that human operators have over user assets and investment decisions.

On October 29, KR1 plc, a company listed on the main board of the London Stock Exchange that focuses on on-chain infrastructure, announced the launch of its technical infrastructure operations on the decentralized artificial intelligence network Bittensor. The company stated that it has recently acquired 5,000 network-native assets TAO and has initiated staking as part of its technical infrastructure strategy. Based on the reward rate observed on October 28, the company estimates that the annualized infrastructure income is approximately equivalent to 6.6% of the current value of the deployed TAO holdings.The announcement stated that Bittensor is a layer blockchain that supports subnets, covering services such as AI inference, computing power, training, and prediction, where independent suppliers compete for network rewards based on performance. KR1 supports the assessment of service provider performance through staking and receives a portion of the network rewards. There is no mandatory unbonding period for TAO unstaking, allowing the company to retrieve its holdings immediately after unstaking. Rewards can be retained to expand the scale of productive assets or can be liquidated for subsequent investments and operational costs. The company will also disclose its TAO holdings and related infrastructure income in monthly unaudited updates.Keld van Schreven, Managing Director and Co-Founder of KR1, stated: "As artificial intelligence enables more complex tasks to be performed by software, the demand for infrastructure related to supply-side intelligence is expected to grow significantly. Bittensor introduces open competition for the supply of AI services, and the company is focused on how its incentives are forming services that lead to continuous customer payments, as well as how to deploy TAO holdings to enhance the value and income potential of productive digital assets per share." KR1 claims to be the only publicly listed company on the main board of the London Stock Exchange that focuses on on-chain infrastructure, holding and operating productive digital assets on the relevant network.

Japan Tax Free, a Japanese duty-free service provider, announced that it will officially launch the yen stablecoin JPYC tax refund service in collaboration with UPBOND on November 1, providing an on-chain tax refund channel for foreign tourists visiting Japan.According to the new duty-free system implemented in Japan on the same day, tourists must first purchase goods at tax-included prices and then receive the tax refund after customs confirmation upon departure. The new service will issue JPYC to tourists using the wallet infrastructure provided by UPBOND, utilizing the Avalanche C-Chain.

On October 29, Sony Group announced the launch of the global Sony Onchain Entertainment Incubation Program, aimed at global creators and startups, supporting the development of entertainment-related products and services based on Sony's blockchain Soneium, and exploring new forms of interaction, community building, and value creation between creators and fans.Selected projects will receive support from Soneium's technological infrastructure, opportunities for collaboration with Sony Group companies, as well as support for business expansion, marketing, community operations, and financing. Sony stated that since 2024, the company has selected and supported 43 projects from around the world through the previous two rounds of incubation programs, and the new plan will further focus on on-chain entertainment, promoting projects from technical validation to commercial application.The application period is from October to December 2026, with project selection expected to continue until March 2027. Applicants must have launched or plan to launch on Soneium, and evaluation criteria include the originality of the entertainment experience, intellectual property applications, community building, business expansion capabilities, and market competition conditions, among others.

Decentralized exchange UXUY announced the launch of the stock tokenization service platform uStock, primarily targeting small and medium-sized listed companies in the US and Hong Kong stock markets. The platform plans to provide share issuance, on-chain investor distribution, and post-issuance liquidity services, connecting listed companies with global on-chain investors, using stablecoins such as UUSD as tools for subscription, pricing, and settlement.According to the proposed product mechanism, each uToken corresponds to the economic rights of one share of the underlying stock, covering price changes, cash dividends, and corporate actions such as stock splits and mergers. The underlying stocks are intended to be custodied by licensed brokerages, trusts, and other institutions, isolated through independent asset holding entities. The platform plans to disclose stock custody, token issuance, and asset coverage through a Proof of Underlying asset verification mechanism.uStock will establish an initial liquidity pool for uToken/UUSD using part of the raised funds according to the issuance documents and will introduce on-chain market makers. As the spot market and infrastructure advance, the platform intends to gradually support round-the-clock on-chain trading and explore integration with UXUY's self-developed Perp DEX to expand on-chain perpetual contract trading for corresponding uToken assets.UXUY founder 0xKevin stated, "We are bringing stablecoins into more real asset scenarios, allowing US and Hong Kong listed companies to connect with global investors and capital. In the future, we will continuously improve issuance, trading, and liquidity services around real stock rights, establishing a more long-term connection between corporate growth and global on-chain capital."

According to PR Newswire, the on-chain credit platform Ibis announced on October 28 that it has emerged from stealth mode and secured a $250 million credit facility from FalconX to provide structured credit to eligible crypto trading companies.Ibis also completed its pre-seed funding round, led by FalconX, with participation from executives at Anchorage Digital, Innovating Capital, as well as Erebor, Revolut, Injective Foundation, Selini, Pyth, and others. The specific amount of funding has not been disclosed. Among them, Anchorage Digital Bank will serve as the custodian, banking, and design partner, with collateral held by its regulated custody system.Ibis is responsible for initiating, tokenizing, managing risks, and servicing structured credit financing, initially focusing on crypto and prediction markets, with plans to expand into emerging fields such as GPU, robotics, and venture capital in the future.

Bitget, in collaboration with Reality and Keyring, has released a research report exploring the synergy mechanisms of tokenized stocks, perpetual contracts, and decentralized lending, and evaluating the potential returns and risks of related strategies through simulation calculations. The report points out that the application of tokenized stocks is extending from traditional stock trading to more scenarios such as collateralized lending, asset management, and systematic investment strategies.The research is based on Reality's rToken, combined with stock perpetual contract hedging and on-chain lending mechanisms, to explore stock basis yield strategies. Historical simulation data shows that from December 15, 2025, to October 19, 2026, the annualized net return of the strategy index is approximately 7% and 4% for in-sample and out-of-sample, respectively, with a gross funding cost rate premium of about 11% to 14%. The report also notes that financing costs, transaction execution fees, market liquidity, and risk management are key factors affecting the actual returns of the strategy.It is reported that Bitget and Keyring plan to jointly develop a stock basis index and build an on-chain lending market based on Reality's rToken. Among them, Reality provides exposure to tokenized stock assets, while Keyring is responsible for developing the index methodology and constructing the related lending market. The index aims to capture funding rate and basis yield opportunities by combining rToken holdings with corresponding stock perpetual contract hedging positions, providing new strategic pathways for the application of tokenized stocks in on-chain financial scenarios.

Spicenet, an on-chain financial brokerage network, announced the completion of a $5 million Series A funding round, led by dao5, with participation from Babylon and Astrarizon. Combined with the previous $3 million seed round co-led by Hack VC and Magnus Capital, the total funding amount reaches $8 million.The new funds will be used to launch the cross-platform margin account Spice Edge, issue the ecosystem token SPICE, and inject initial liquidity into network products. Spicenet is built on a dedicated L1 settlement layer supported by Celestia, and its core products also include the cross-chain one-click interaction protocol Spice Flow, as well as the in-development tokenized stock consumer application Spice Stocks.

Trader Bonk Guy (@theunipcs) stated that Robinhood's latest financial report is a significant boon for the on-chain ecosystem, with Robinhood Chain playing a key role in the growth of its crypto business revenue. Robinhood CEO Vlad Tenev also expressed positive expectations for the future development of the on-chain business.Bonk Guy also mentioned that PONS currently accounts for about 88% of the market share of the Robinhood Chain token launch platform. He stated that if the ecosystem has bottomed out, PONS is expected to gain substantial returns from subsequent inflows of funds and is very optimistic about PONS's future performance.

Blockaid stated that it has detected that the Tranche Vault related to Valinor Digital on Avalanche is currently under attack. The attacker is using a flash loan to mint an inflated number of tiered shares, and then redeeming the remaining USDC from the vault.As of the time of posting, the attacker has transferred approximately $1.01 million from the vault through about 2 transactions.

DefiLlama data shows that USDC on the Arc chain has surpassed 1 billion dollars, with the stablecoin market cap increasing by 32% in a week, and 4 addresses hold about 73%.

According to The Defiant, Robinhood announced that its Earn feature is now available to all eligible users, allowing users to participate in on-chain USDG lending. The funds deposited by users will go into the Morpho vault curated by Steakhouse on the Robinhood Chain.The rewards earned will be used to supplement lending interest, and withdrawals will depend on the liquidity status of the vault. This feature is available to all eligible users, who can earn income through on-chain lending.

According to official news, the on-chain compliance platform Predicate announced the completion of an $8 million Series A financing round, led by Blockchain Capital, with participation from Paxos, 1kx, and Tribe Capital.Predicate primarily provides pre-trade compliance review and risk control for stablecoins, tokenized assets, and other on-chain financial products, supporting the restriction of high-risk addresses and sanctioned transactions.

According to CoinDesk, CF Benchmarks, an index provider under Kraken's parent company Payward, has launched CFB Oracle, which will introduce pricing benchmarks for BlackRock's Bitcoin ETF and CME Group's cryptocurrency futures into blockchain applications.The service provides benchmark data for markets including cryptocurrencies, stocks, bonds, commodities, and foreign exchange, supporting developers in building on-chain index funds, tokenized portfolios, and derivatives products.CF Benchmarks stated that its indices currently serve products representing over $120 billion in assets. CFB Oracle now supports Ethereum, HyperEVM, and Robinhood Chain, with plans to expand to other compatible networks in the future.Payward also plans to use this service for its upcoming U.S. perpetual contract products, providing pricing data for these products, which are still awaiting regulatory approval. The service will compete with oracle providers such as Chainlink and Pyth.

Well-known trader Bonk Guy posted that although the current crypto community generally believes that the on-chain trading environment has fallen to historical lows, approximately six new tokens have reached a market capitalization of over 100 million to 300 million dollars in the past four months, and dozens of new tokens have completely diluted valuations (FDV) exceeding 10 million dollars.Among them, tokens such as PONS, ANSEM, CASHCAT, AI, and STONK have all reached FDVs of at least 300 million dollars. Despite the deterioration in market structure, there are still tokens that occasionally experience significant price increases. Compared to the period before the emergence of Robinhood Chain, and the sluggish period after the issuance of the TRUMP token last year, and before the initial rise of BonkFun, the current market is far from reaching its historical worst levels.Although the current market environment is not as bullish as it was a few months ago, it does not mean that on-chain trading opportunities have disappeared. As market sentiment is dominated by pessimistic views, it is expected that the market may soon warm up, with the recovery speed potentially faster than most people's expectations. It is recommended to pay attention to tokens that performed well in the last round of market trends and have high confidence, and consider gradually positioning during pullbacks. Historical experience indicates that some tokens may not only return to previous highs in the next round of increases but may also rise further, and the biggest opportunities in the market often appear before mainstream sentiment shifts.

User Momilio posted: On-chain options are currently the biggest blank space and opportunity in the cryptocurrency field. This content is excerpted from its upcoming on-chain options research report, currently just a summary of one chapter. Momilio stated: Mature financial markets will eventually expand to options, and cryptocurrency has reached a turning point; constraints are no longer regulatory or infrastructural, market-making liquidity has improved, and pricing systems can now support larger-scale transactions. It also noted: The trading volume of on-chain options is still only 6.9% of Deribit's options trading volume, and to reach critical scale, a large influx of retail order flow is necessary.Momilio stated: The annual trading contracts for U.S. options increased from 4.19 billion in 2017 to 15.2 billion in 2025, a growth of 263%, primarily due to retail investors. After Robinhood launched commission-free options in December 2017, the proportion of S&P 500 options on the same day rose from 5% to over 60% within ten years. By 2023, the proportion of contracts expiring within a week rose to 68%, with same-day options accounting for 43%; SSRN research shows that over 75% of retail-related trades are contracts expiring on the same day.In India, the premium for stock options is expected to reach 190.65 trillion rupees by the fiscal year 2026, which is 45.8 times that of the fiscal year 2016, with over 90% of retail derivatives traders only engaging in options. By the end of 2024, the Securities and Exchange Board of India will raise the minimum contract size from 500,000 rupees to 1.5 million rupees and restrict weekly expirations to only one benchmark index, with premiums still increasing by 7% in the fiscal year 2026. In the first half of 2026, the trading volume of options contracts on Indian exchanges reached 39.3 billion, which is 4.5 times that of the U.S. at 8.7 billion, while U.S. premiums of $6.3 trillion are nearly 5 times India's $1.3 trillion.