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According to The Block, Nasdaq-listed Solana Treasury company DeFi Development Corp. (DFDV) announced that it has approved an open-ended buyback plan to repurchase all outstanding shares of its CHAD preferred stock, including any shares that may be issued in the future.The plan gives the company flexibility to repurchase when the trading price of CHAD is below the $10 par value. The company stated that it does not intend to immediately buy back CHAD but hopes that the preferred stock will stabilize near the par value first.DeFi Development CEO Joseph Onorati stated that the company's primary goal is simple: to bring CHAD back to par value. He mentioned that this is not an announcement to buy CHAD today, but rather to set up the infrastructure, so that once CHAD stabilizes near par value, if it subsequently falls below par, the company will have an additional tool available. He also stated that the company views CHAD as a long-term financing platform rather than a one-time issuance.This open-ended authorization adds a potential funding allocation tool to DeFi Development's existing $300 million At-the-Market (ATM) issuance plan for CHAD, which the company previously stated would be used to raise funds for increasing its holdings of SOL. The company paid the first dividend on CHAD on October 1.Additionally, the company stated on Monday that preliminary estimates for the third quarter show that as its Solana Treasury increased to 2.56 million SOL over the past week, the net asset value per share has more than doubled compared to before. DFDV's stock price rose 3.3% during Tuesday's trading session.

The International Monetary Fund (IMF) pointed out in the "Global Financial Stability Report" that attention should be paid to the risks that hedge funds pose to macro-financial stability. The rapid growth of global hedge fund assets may amplify price misalignments and liquidity strains, leading to severe negative impacts or triggering systemic risks. The IMF recommends strengthening data collection and risk monitoring, as well as implementing prudent regulatory measures.

CrowdStrike, Amazon Web Services (AWS), and NVIDIA expand their global cybersecurity startup accelerator, aiming to define the next generation of innovation in the era of intelligent agents.

American AI fintech company Valon completed a $150 million Series D funding round with a valuation of $2.3 billion, supported by existing investors such as Andreessen Horowitz (a16z), with Ribbit Capital participating as a new investor.

According to a report by the Japan Economic News cited by Reference News, the Japanese government has decided to impose additional sanctions on Russia during a cabinet meeting. In principle, the Japanese government prohibits providing operational, maintenance, insurance, and financing services to 35 vessels in Russia's "shadow fleet," which secretly transports crude oil to evade Western sanctions.In addition to the sanctions against the "shadow fleet," the Japanese government will also add 33 Russian military-related groups and 9 individuals to the asset freeze list, including groups involved in using cryptocurrency to evade financial sanctions.

A 28-year-old core member of the globally renowned ransomware group Qilin has been arrested in Japan and was extradited to Germany on October 2. Reports indicate that the man is suspected of illegally infiltrating the systems of a logistics company in Germany in September 2024, encrypting data, and demanding a ransom of approximately $165,000 (about 26 million yen) in Bitcoin.Investigations show that he was responsible for building the attack systems within the Qilin criminal network and took a cut from the ransoms collected by various branch execution teams. Japanese police apprehended him while he was traveling to Osaka in late May this year, and he was subsequently handed over to German authorities after being deemed eligible by the Tokyo High Court. Qilin operates under a "ransomware as a service" (RaaS) model and previously claimed responsibility for a cyber attack on Japan's Asahi Group in 2025.

Nine Japanese institutions, including Sumitomo Mitsui Banking Corporation, Daiwa Securities, SBI Securities, Progmat, and Datachain, announced the completion of the second phase verification of "Project Trinity." The project aims to eliminate settlement synchronization risks through "Delivery versus Payment" (DvP).In the tests, Daiwa Securities and SBI Securities simulated the START market of the Osaka Digital Exchange (ODX), using corporate bonds issued by ST Company through SBI VC Trade and trust-type stablecoins issued by Sumitomo Mitsui Banking Corporation, successfully completing two cross-chain synchronized settlements, thereby verifying the feasibility of the T+2 settlement cycle in phases.

According to Businesswire, AI security company Hadrian announced the completion of a $40 million financing round, led jointly by Forgepoint Capital International and SmartFin, with participation from existing investors such as HV Capital, Motive Partners, Picus Capital, and Oetker Ventures.The company simulates an attacker's perspective for enterprises by combining Continuous Exposure Management and AI-driven penetration testing, helping to identify external attack surfaces, validate real risks, and optimize remediation priorities. After this financing round, Hadrian's total funding amount reaches $65 million, and the funds will be used to expand into the European and American markets, grow the engineering and research teams, and further develop its AI-driven cybersecurity platform.

AMD CEO Lisa Su has been intensively meeting with major companies such as Foxconn, Quanta, ASUS, and Acer, and has held secret meetings with TSMC. Lisa Su confirmed that AMD's plan to invest $10 billion in Taiwan will be increased due to a surge in market demand, and the company will continue to expand its supply chain investments in Taiwan.AMD is working with TSMC and suppliers to accelerate capacity enhancement to meet market demand that exceeds supply.

According to PR Newswire, Ondo Finance announced the launch of Ondo Private Markets, providing on-chain access to top private companies for investors through tokenized notes. The first target will focus on a private company in the artificial intelligence sector, expected to begin trading on the secondary market this week.Subsequently, Ondo Private Markets plans to expand to private enterprises in fields such as robotics, cybersecurity, biotechnology, and infrastructure. Ondo stated that the related tokens do not correspond to the company's stocks or shares but provide holders with economic exposure to the performance of the reference company's common stock in qualified liquidity events through tokenized notes. The tokens can be freely transferred on-chain and can be used in conjunction with the DeFi ecosystem.This product is based on Ondo's existing on-chain asset infrastructure, which currently has a total value locked (TVL) of approximately $3.7 billion and over 1 million cumulative holders across the related tokenized stock and U.S. Treasury platforms. Ondo Finance indicated that the majority of large companies in the U.S. are still in private stages, with about 87% of companies generating over $100 million in annual revenue being private. Traditional investors often find it difficult to participate in these companies' early growth opportunities. Ondo Private Markets aims to provide a more flexible trading channel through the blockchain secondary market, allowing qualified investors to adjust their private market exposure around the clock.

According to the Financial Times, American companies are feeling the impact of a bond sell-off. As U.S. Treasury yields rise, some companies are being forced to reconsider their borrowing plans.Investors indicate that if yields remain high, more default cases may be seen.

ChainCatcher live report, at the OKX NOW Global Products and Ecosystem Conference (Singapore), OKX founder Star delivered a keynote speech, elaborating on OKX's strategic positioning.He stated that OKX started with spot trading and has since expanded into derivatives, Web3 wallets, payments, and tokenized stocks, "it is no longer accurate to view OKX merely as a cryptocurrency exchange."He proposed that OKX's long-term direction is to provide four types of services for the younger generation: supporting users in choosing between custodial accounts or self-custody wallets for fund holding; low-cost, instant payments; a unified entry for investing in various assets; and AI-driven wealth management tools.

Cryptocurrency trader Ansem posted that he believes correlating the current cycle with the markets of 2020, 2023, or 2024 has limited reference value. For him, the closest environment to the current one is the DeFi expansion from 2020 to 2021, when a brand new business sector brought billions of dollars into the blockchain.In this cycle, stablecoins, especially tokenized stocks, are opening new markets while attracting participation from retail investors, institutions, and developers. New fields will bring new capital flows, products, and a large amount of speculative activity, which is the framework he uses to analyze this cycle.

According to TechInAsia, Singapore fintech company IPID announced the completion of a $16 million Series A funding round, led by Foundation Capital, with participation from Citigroup, HSBC, and existing investors QED Investors, Monk's Hill Ventures, and Quona Capital.The new funds will be used to optimize its global payment intelligence network and expand the construction of payment rails in the United States, stablecoins, and the digital asset market.

According to official news, the digital asset platform Anchorage Digital announced the expansion of its global business layout. The dollar accounts for qualified institutional clients, which were previously offered through Anchorage Digital Bank N.A., are now also available through Anchorage Digital Singapore.Anchorage Digital stated that it will integrate dollar accounts, digital asset custody, global SWIFT wire transfers, and 24/7 settlement into the same platform.

According to CoinDesk, global payment company Stripe is expanding its stablecoin card business worldwide, betting that the digital dollar can become another payment method for consumers and businesses beyond traditional currency.Henri Stern, head of Stripe's stablecoin and crypto business, stated that the company expects its stablecoin card program to cover over 100 countries by the end of the year. Current clients include cryptocurrency exchange Kraken, fintech company Ramp, and payment app Morse. According to Paymentscan data, the stablecoin spending through cards last month was approximately $1.2 billion, doubling from a year ago.Stern mentioned that Stripe's strategy is to integrate stablecoins into its existing infrastructure. Since 2018, the company has issued over 400 million cards, processing hundreds of billions of dollars in card transaction volume. Its stablecoin business combines card issuance with the stablecoin infrastructure company Bridge, which was acquired for $1.1 billion in 2024.Additionally, Stripe has acquired the crypto wallet infrastructure company Privy and partnered with crypto investment firm Paradigm to develop a blockchain called Tempo specifically designed for payments, while also being a founding investor in the Open Standard that is developing Open USD.Stern noted that many projects currently use Circle's USDC, but Stripe intends to remain "completely stablecoin neutral and completely blockchain neutral." He stated that stablecoins should be another option within existing products for businesses, rather than a separate crypto technology stack that needs to be learned.

According to Globenewswire, Nasdaq-listed Solana Treasury Company DeFi Development (DFDV) disclosed that it increased its holdings by approximately 26,203 SOL last week, bringing the total holdings to about 2,564,200 SOL, valued at approximately $302 million.DFDV also revealed that since the release of its second-quarter results on August 12, the holdings of SOL and equivalent assets have grown by about 11%. Additionally, it completed the first dividend payment for CHAD variable rate preferred shares on October 1. This product is designed to generate income through SOL staking and validator node operations, supporting dividend payments and serving as a financing tool for further accumulation of SOL.

Grayscale's parent company DCG stated on the X platform that last week the U.S. Securities and Exchange Commission (SEC) proposed reforms to the accredited investor system, allowing certain investors to qualify for participation in the private market through exams and other means. This initiative was suggested by DCG founder Barry Silbert as early as 15 years ago.It is reported that Barry Silbert raised the issue during the founding of SecondMarket around 2011, stating that the SEC's "accredited investor" system primarily relies on income and net asset standards, but wealth levels do not necessarily represent investment capability. Some high-net-worth individuals may not possess sufficient financial knowledge, while some ordinary investors should also have the opportunity to qualify for participation in the private market if they pass the financial literacy tests set by regulatory agencies.

According to CoinDesk, Armada Acquisition Corp. II (XRPN) closed at $39.42 last Friday, up 68% on the day, and has risen approximately 273% over the week, reaching a high of $53 during intraday trading, compared to $10.58 a week ago, with a further pre-market increase of 9.5% on Monday. The company is the SPAC driving the listing of XRP treasury company Evernorth, which stated that the merger is expected to be completed on October 7 (Wednesday), pending the fulfillment of remaining conditions.Evernorth is expected to hold approximately 473 million XRP at the time of closing, valued at about $714 million based on Monday's price of approximately $1.51. Its disclosed financing includes about $300 million in total cash proceeds, of which $225 million comes from a private placement, $30 million from convertible notes, and $48 million from Armada's trust funds, with supporters also directly investing in XRP. However, the company purchased 84.4 million XRP for $214.1 million by the end of 2025, at an average price of approximately $2.54, which is now worth about $127 million.Armada Trust held $241.2 million at the end of June, with each public share redemption valued at approximately $10.49. Evernorth's announcement on October 1 indicated that about $48 million of the trust funds would be reserved for trading, suggesting that approximately 80% of the trust funds would be returned to shareholders. Redemptions will reduce the number of publicly tradable shares, allowing relatively small orders to significantly drive up the stock price.

According to U.Today, as the EU MiCA transition period ended on July 1, obtaining MiCA authorization has become an important foundation for cryptocurrency trading platforms to continue serving European users. Gate Europe obtained MiCA authorization before the end of the transition period and expanded related services through the European Economic Area passport mechanism. Gate data shows that from June 16 to September 22, the platform added at least 68 new spot trading pairs, currently covering about 190 assets and 382 trading pairs.The article cites data from CASP Tracker, indicating that as of September 28, 84 out of the world's largest 100 cryptocurrency trading platforms have not yet obtained MiCA authorization. Meanwhile, Gate Europe passed the PCI DSS v4.0.1 Level 1 compliance assessment on September 15, covering Gate Connect and Gate Card. Gate Europe CEO Dr. Giovanni Cunti stated that security and compliance are key to building trusted payment services in Europe, and obtaining PCI DSS certification is an important step in strengthening payment infrastructure.In terms of liquidity, Gate data shows that from September 14 to 27, the order book depth for BTC/USDC and ETH/USDC within 0.1% of the midpoint increased by approximately 14% and 12%, reaching $1.32 million and $555,000, respectively. Meanwhile, DefiLlama MiCA exchange data shows that the depth of Gate Europe's spot market within 2% of the midpoint reached $15.9 million, higher than other platforms during the same period. Relying on the compliant foundation built on the dual licenses of MiCA and Payment Institutions (PI), Gate Europe will continue to improve asset coverage and liquidity construction, providing European users with a richer selection of digital asset trading options and a better trading experience.