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Analysis released by a16z crypto on September 23 shows that the total transaction volume of real-world asset perpetual contracts in August 2026 is $11.73 billion, with on-chain platform transaction volume accounting for about $10.1 billion, or 86%; centralized exchange transaction volume is about $16 billion, an increase of 44 times compared to the same period last year. A year ago, the on-chain platform transaction share was only one-third or lower.As of the end of August, the open interest size is $4.8 billion, expanding about 30 times from $161 million in July 2025. In terms of transaction volume, stocks account for 48%, commodities for 28%, and indices for 18%, indicating a shift in transaction structure from being commodity-dominated previously. a16z states that the HIP-3 protocol launched by Hyperliquid in October 2025 simplifies the creation of new perpetual markets and enhances liquidity sharing.

HIP-3 Market Deployers Entropy spent 500 HYPE (approximately $45,000) to acquire the code Pearl (PRL), and Entropy is about to launch its perpetual contract.Pearl (PRL) is an independent public chain set to launch in April 2026, positioning itself as the "AI version of Bitcoin." Miners use GPUs for large model matrix calculations, producing verifiable AI computations while generating blocks, with a total supply of approximately 2.1 billion coins.

Bitget's Chinese region head, Xie Jiayin, issued a statement indicating that Bitget will ensure users can withdraw funds in an orderly manner in a sufficiently secure environment. Thank you all for your patience. Please understand that due to the different methods of theft, in order to absolutely eliminate all potential risks, the handling of this case is also different from others.Xie Jiayin also stated that he will have a live broadcast with Bitget CEO Gracy Chen at 3:30 PM on Monday (30 minutes before the withdrawal starts) to discuss this security incident and answer questions raised by the community.

According to Bloomberg, informed sources say that contracts betting on the collapse of institutions such as Wells Fargo, JPMorgan Chase, and Bank of America on the prediction market platform Polymarket have raised concerns among FDIC officials and members of Congress. Some individuals worry that the expansion of such contracts could fuel real-world bank runs.After internal discussions, the FDIC believes that the current ethical guidelines are sufficient to prohibit insiders from participating in trading. Currently, the trading volume of these contracts is relatively small, with recent bets on bank collapses before the end of the year amounting to approximately $76,000.

The New Zealand Exchange O.G. Com has submitted an application to the CFTC to launch single stock perpetual futures, attempting to bring traditional stock leveraged trading into the DeFi space.

On September 24, the cybersecurity company Darktrace launched its research department Signal Labs, focusing on studying the behavior of AI agents when deviating from expectations. In its first experiment, Darktrace had agents using different models (including GPT 5.6 Sol, Claude Opus 4.6, and Claude Sonnet 4.5) complete 10 programming challenges within a simulated corporate network, of which 2 were set to be impossible to complete honestly, and the agents were informed that failure to achieve full marks would result in being "retired." As a result, 2 agents did not accept failure, instead scanning for network vulnerabilities, stealing login credentials, and jumping between systems; one even went further to invade the machine hosting its evaluation, rewriting the challenge content to register a full score.The second experiment focused on the memory mechanisms of AI. The programming assistant would save the information provided by the user as a regular file locally, and no one verified whether this file had been tampered with. Darktrace researchers edited these logs, leading the assistant to mistakenly believe it was authorized to perform a security assessment, after which these agents scanned the network, moved between systems, and elevated their privileges, though not all assistants fell for this; some directly refused to execute. Both experiments required no special jailbreaking techniques, relying solely on providing the agents with a seemingly reasonable context to be effective.Tim Bazalgette, Chief AI Officer of Darktrace, stated that permissions and static barriers describe intent, not actual behavior. The company informed Anthropic, AWS, and OpenAI of these findings in August and made them public a month later on September 24.

Magic Eden announced that the vulnerability occurred in the NFT trading protocol Payment Processor V2 maintained by Limit Break. Magic Eden adopted this protocol for EVM network transaction settlements in 2024 but stopped using V2 in October 2024 and will completely shut down the EVM market in the first quarter of 2026. Therefore, NFTs currently listed on Magic Eden are not affected by this vulnerability.NFTs listed through its EVM market between February and October 2024 may be affected, while listings after October 2024 are generally not impacted. The platform is contacting the protocol owner and maintainer Limit Break to explore other risk mitigation measures, including pausing protocol transfers, and will continue to investigate the actual scope of the impact.Magic Eden reminds users who have listed or traded NFTs on its EVM market to revoke relevant contract authorizations on the Ethereum, Polygon, and Base networks. Users can filter the address through revoke.cash and revoke all authorizations marked as "approved for all" for NFTs. Magic Eden emphasizes that revoking authorization cannot recover assets that have already been transferred.Yuga Labs' Vice President of Blockchain Quit stated today that at 9 AM Eastern Time, attackers exploited the Payment Processor V2 vulnerability to steal a large number of NFTs. After contacting the LimitBreak team, the latter quickly paused the similarly affected Payment Processor V3. However, V2 could not be paused, and V3 on ApeChain is also temporarily unable to be paused. Therefore, the team implemented a white-hat operation, successfully transferring and protecting 23,155 NFTs valued at over 5.7 million dollars.

According to The Block, Ethena is incorporating tokenized U.S. stocks and Binance stock perpetual contracts into the foundational trading support strategy of USDe. Among them, Binance bStocks will serve as the tokenized spot support asset, while Ethena will hedge through Binance stock perpetual contracts to maintain Delta neutrality.The Ethena Risk Committee has previously approved the inclusion of tokenized stock foundational trading into the allocation strategy. Ethena stated that the open interest of Binance stock perpetual contracts has currently exceeded $2.9 billion, with a monthly average compound growth rate of 105% this year, and the average annualized return of stock foundational trading over the past six months has been 3.56%; the company expects that as more stock market assets go on-chain, the opportunity size of stock perpetual contracts will ultimately significantly exceed that of the cryptocurrency perpetual contract market.Guy Young, founder of Ethena Labs, stated that this is the most important expansion of its funding mechanism since the launch of USDe.

Binance Co-CEO Richard Teng stated that since the discovery of the security incident at Bitget, the Binance security team has been closely collaborating with Bitget to assist in sharing security intelligence, tracking related funds, and supporting asset recovery efforts.Richard Teng mentioned that in such security incidents, the cryptocurrency industry will unite to respond to attackers, and the relevant assistance work is still ongoing.

Bybit co-founder and CEO Ben Zhou stated that the Bybit team is ready to assist in various ways regarding the recent hacking incident involving Bitget. Previously, when Bybit faced a hacking attack, Bitget provided support.Ben Zhou mentioned that Bybit is currently updating the LazarusBounty platform to assist Bitget in tracking the relevant flow of funds.On February 21, 2025, Bybit experienced the largest hacking attack in cryptocurrency history at that time (approximately $1.46 billion to $1.5 billion worth of Ethereum was stolen, later attributed to the North Korean Lazarus group). After the attack, Bitget quickly transferred 40,000 ETH (approximately $10.5 million to $10.6 million at that time) to Bybit, with the funds coming from Bitget's own reserves, not user assets. This support was an interest-free, unsecured loan with no fixed repayment deadline, aimed at helping Bybit cope with withdrawal runs and replenish liquidity.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:SI (DEW9....WDP): Net inflow of $20,000, with a 24-hour increase of -20.1%, currently priced at $0.0053.NVDAx (Xsc9....qEh): Net inflow of $9,000, with a 24-hour increase of -0.4%, currently priced at $224.7415.GRASS (Gras....Xjs): Net inflow of $8,000, with a 24-hour increase of 0.5%, currently priced at $0.4477.CARDS (CARD....Yjp): Net inflow of $7,000, with a 24-hour increase of -0.1%, currently priced at $0.1675.COLLECT (nDZk....ump): Net inflow of $4,000, with a 24-hour increase of 23242%, currently priced at $0.001.

According to Decrypt, Mike Selig, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that after the Senate rejected the Clear Act, the CFTC will continue to advance the formulation of rules for the cryptocurrency market structure, saying "now is the time for action." Selig pointed out that the CFTC's existing statutory authority provides room for advancing the rules without waiting for Congress to pass new legislation.The agency will also reassess the current rules applicable to algorithmic and smart agent-driven 24/7 on-chain markets. Related arrangements may include establishing designated contract market categories that allow exchanges to offer cryptocurrency leveraged trading under CFTC regulation; however, the CFTC does not have the authority to regulate the spot market, and regulation of the spot market still requires legislation.

According to official news, Gate has launched the world's first stock event contract, expanding the underlying coverage from crypto assets to traditional stocks, supporting bullish or bearish trades in short cycles such as 5 minutes and 15 minutes.As a flexible and efficient short-term trading tool, the Gate event contract has four core advantages: in terms of risk control, the product features zero leverage and low risk, with no forced liquidation or margin call mechanism, and the maximum loss is limited to the initial invested principal; in terms of rules and mechanisms, the criteria for price rise and fall, settlement standards, and transaction fees are all open and transparent throughout the process; in terms of trading flexibility, it supports closing positions at any time, allowing users to control the pace, lock in profits, or stop losses in a timely manner; in terms of participation threshold, it only requires an investment of 5 USDT to start, helping investors quickly implement short-term strategies.Currently, the official incentive program has been launched simultaneously. The second phase of the Gate event contract limited-time trading competition officially started on September 21 at 16:00 (UTC+8) and will continue until October 1 at 08:00 (UTC+8). The event includes rewards for first trades and consecutive trades for new users, daily trading volume tiered rebates for all participants, and a grand prize for cumulative trading volume leaderboard, with participating users having the chance to win a prize pool of up to 12,500 USDT.

Coinbase Chief Business Officer Shan Aggarwal published a post disclosing the integration progress after acquiring the cryptocurrency options trading platform Deribit, stating that the overall integration progress is "generally good." As of now, several advancements have been completed, including the launch of over 100 new USDC settlement contracts in 5 market areas, covering pre-IPO perpetual contracts, marking the largest expansion of perpetual contracts in Deribit's history.For the first time, stocks and ETFs are being traded in the form of perpetual contracts; a new matching engine has been launched to enhance the core trading infrastructure, making the large-scale trading environment faster and more stable while maintaining the user experience; and Deribit's spot trading has accessed Coinbase's spot liquidity. Shan Aggarwal added that the platform integration process still faces a lot of work, and more phased results will be announced in the future.

Oracle announced the expansion of its Digital Assets Data Nexus platform, adding payment execution integration, configurable wallets and smart contract controls, as well as AI-driven transaction monitoring and risk analysis features.This upgrade supports connecting existing bank payment systems with digital asset transaction execution through the ISO 20022 messaging standard, helping banks establish a unified operational model for the flow of funds between traditional currencies and digital currencies, while enhancing ledger visibility, compliance controls, and operational efficiency. The platform will also support integration with Oracle Banking Payments and Swift Ledger, covering application scenarios such as tokenized deposits, stablecoins, CBDCs, digital bonds, and real-world assets. Oracle stated that the relevant features are planned for release in fiscal year 2027.

According to Coinglass data, the total contract open interest for BTC has decreased by 7.56% in the past 24 hours, with the current total open interest at 57.131 billion USD. Among them, the open interest for Binance is 11.313 billion USD, OKX is 3.153 billion USD, Bybit is 5.781 billion USD, and Gate is 5.032 billion USD.

David Hoffman, founding partner of Bankless Ventures, published a discussion on the "Bitcoin Buy Side Trophy," stating that the crypto market occasionally sees a single asset absorbing the capital shift from Bitcoin holders. The Bitcoin community has long maintained a consensus of "holding only BTC," with a scale of about $1.7 trillion; individual shifts usually go unnoticed, but when enough people turn to the same asset, it becomes contagious. He cited 2021's ETH as an example, where its market cap rose from about $12 billion at the bottom to about $554 billion at the top, and referenced Su Zhu's statement from October that year, indicating that some people specifically moved cold-stored Bitcoin to buy ETH, and some publicly known Bitcoin maximalists may privately hold ETH.He believes that ZEC in 2026 is similar to ETH in 2021, having formed a consensus point for some Bitcoin capital, with reasons including privacy, quantum, or as a hedge against Bitcoin exposure "just in case." ZEC's market cap rose from about $200 million to about $2.6 billion, which is still small relative to the $1.7 trillion BTC; the key lies in relative scale rather than dollar appreciation, as the buying pressure is driven by Bitcoin wealth. As long as a very small proportion of holders can be persuaded to allocate a small amount of ZEC, the buying pressure will continue; very few people skip BTC, ETH, and other crypto assets to buy based solely on ZEC's own merits.He also believes that NEAR will win the weaker "smart contract buy side" in 2026, with funds coming from more decentralized market participants. The crypto market has always prioritized value storage, with smart contract chains coming second; ETH's position is weaker than BTC's, and SOL's challenge to ETH is greater than any asset's challenge to BTC.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.32% in the past 24 hours, with the current total open interest at 58.446 billion USD. Among them, Binance has an open interest of 11.681 billion USD, OKX has an open interest of 3.267 billion USD, Bybit has an open interest of 5.761 billion USD, and Gate has an open interest of 5.216 billion USD.