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Wednesday, 10/07/2026

Data: The total net inflow of the HYPE spot ETF in the United States for the day is 2.9833 million USD

According to SoSoValue data, yesterday (Eastern Time October 6) the HYPE spot ETF had a total net inflow of $2.9833 million.The HYPE spot ETF with the highest net inflow yesterday was Grayscale Hyperliquid Staking ETF (HYPG), with a net inflow of $1.9517 million, bringing its historical total net inflow to $155 million. Following that was Bitwise Hyperliquid ETF (BHYP), with a net inflow of $1.0316 million, bringing its historical total net inflow to $145 million.As of the time of publication, the total net asset value of the HYPE spot ETF was $507 million, with a HYPE net asset ratio of 2.47%, and the historical cumulative net inflow had reached $346 million.

ANVL Surges Over 83% in 24 Hours as Market Cap Hits $109 Million

Odaily News: After news emerged that Peter Thiel's Founders Fund led a $5 million purchase of Anvil governance tokens, ANVL surged over 83% in 24 hours, now trading at $0.001242, with its market cap rising to $109 million, FDV at $124 million, and 24-hour trading volume at $415,000. Anvil is built on Ethereum and aims to use digital assets as collateral for financial commitments such as payments and credit. Its research and development company, Anvil Research Labs, simultaneously launched an SDK to help enterprises and financial institutions integrate the protocol without writing blockchain code. Consensus, Bitcoin.com, and payment company Flexa have been listed as partners.

Currently, ANVL has a total supply of 100 billion tokens, with a circulating supply of approximately 80 billion. Anvil network's TVL is about $14 million. Unlike traditional DeFi lending protocols, Anvil primarily provides guarantees for financial commitments through on-chain collateralized assets, rather than having users borrow and pay interest.

Solana real-time application project MagicBlock launched Validator v1.0

Solana real-time application project MagicBlock announced on X that MagicBlock v1.0 has launched on Solana, after approximately a year and a half of development.MagicBlock stated that the application can run in real-time without leaving Solana, proving the fairness of each result while maintaining payment privacy. The team also released the complete documentation for Validator v1.0.

ether.fi Taps MoonPay for Full Payment Infrastructure as AUM Tops $6 Billion

Odaily News: ether.fi announced a partnership with MoonPay to migrate its core payment infrastructure to MoonPay's integration stack, enabling deposits, on-chain transfers, and withdrawals under a self-custody model. The two parties will launch four products: Headless Ramps for UI-free deposits and withdrawals, Trade for cross-chain swaps and routing, Enterprise for corporate-grade virtual accounts supporting ACH, SWIFT, and SEPA, and crypto top-ups. After the integration, users will only need to complete identity verification once.

ether.fi disclosed that its card processed $123.7 million in spending in September across 1.5 million transactions, up more than 5x year-over-year; cumulative spending from April 2025 to date reached $918.1 million, with platform assets under management exceeding $6 billion.

Hyperliquid Labs Confirms Singapore Headquarters, Falls Outside MAS Regulatory Purview

Odaily News: Hyperliquid Labs has confirmed that its headquarters is located in Singapore. Company documents show Singapore as its registered headquarters, and recent job postings indicate it has an office there. The Monetary Authority of Singapore (MAS) previously stated that it does not consider Hyperliquid to be within its regulatory purview, and said it is unaware of Hyperliquid being regulated by any major jurisdiction. Hyperliquid Labs stated that Hyperliquid is currently unregulated and has never claimed to be licensed or authorized by MAS. Hyperliquid-related products allow users to trade on the price movements of assets such as cryptocurrencies, crude oil, and stocks.

Tuesday, 10/06/2026

Navra Raises $19M Series A Led by Ribbit Capital

Odaily News: Navra announced the completion of an oversubscribed $19 million Series A funding round led by Ribbit Capital, with participation from Baseline, DCM, and others, and strategic investments from Jump Crypto and Figure Technology Solutions. Navra primarily provides access to multiple blockchain venues through a single interface, directly connecting to DeFi yield protocols and cash rails, offering keyless self-custody services that meet qualified custody requirements, and featuring built-in AI agents; the institutional version also supports enterprise team management and full audit trails.

Asset allocation platform Solomon announced that Colosseum holds SOLO

The on-chain asset economic relationship management platform Solomon announced that Colosseum, Theia, DBA, and Anagram have supported the project by holding SOLO. These institutions became holders at different stages of Solomon's development, with some participating in its public offering and others acquiring SOLO through market purchases or over-the-counter transactions, and many institutions subsequently increased their holdings.Solomon stated that the project is built around public ownership, with institutional supporters and individual holders using the same ownership and governance tokens, and jointly focusing on the long-term development of the business. As more financial assets are brought on-chain, companies need to systematically manage related revenues, incentives, and obligations, including qualification verification, payment calculations, and policies applicable across products, customers, and jurisdictions.According to reports, issuers and applications can configure revenues, rewards, dividends, and other distributions on the Solomon platform while retaining control over qualifications, distributions, approvals, and business relationships. USDv is an early implementation of this scheme, allowing qualified holders to receive rewards without the need to stake, wrap, or lock up their assets. Solomon's next step will be to serve more issuers and enterprises and expand the use of USDv in trading pairs, vaults, and applications.

Igloo announced the shutdown of Abstract and a full return to Pudgy Penguins

NFT and IP company Igloo, Inc. announced the shutdown of its consumer-grade blockchain Abstract, reallocating personnel and resources to Pudgy Penguins, Pudgy NFT, and the token PENGU.Igloo stated that the goal of Abstract was to create a public chain for consumer scenarios, and the company invested engineering and ecological talent and infrastructure for this purpose. Its growth was constrained by the high operational costs of independent blockchain, limited liquidity, a weak DeFi ecosystem, and declining market interest. Over the past two years, Igloo has lost tens of millions of dollars to maintain Abstract's operations, expand, and seek product-market fit and profitability.The company stated that after even well-funded enterprises struggled to find product-market fit for their own blockchain, shutting down Abstract became the right decision. Moving forward, they will refine the brand path from products and content to PENGU, and then to Pudgy Penguins NFT, refocusing on this role as an IP.

Kalshi Wins Partial Preliminary Injunction Against Illinois; Championship Contracts May Qualify as Swaps

Odaily News: Prediction market platform Kalshi won a partial preliminary injunction against Illinois. On October 2, Judge Martha M. Pacold of the U.S. District Court for the Northern District of Illinois ruled that the state's sports betting licensing regime and related criminal provisions may be preempted by federal law and cannot be enforced against Kalshi for now.

The ruling temporarily blocks Illinois from requiring Kalshi to hold a state license, which would have restricted traders to those aged 21 and older and physically located within the state, and limited the sporting events that contracts could track. The court also declined to rule on Illinois's newly imposed prediction market fees.

Pacold said contracts on championship winners may qualify as swaps under the Commodity Exchange Act, which should be traded on designated contract markets and subject to federal regulation. That judgment differs from the Ninth Circuit Court of Appeals' August conclusion that such contracts constitute gambling rather than swaps.

This is Kalshi's first win in federal court since July. Illinois's new budget law imposes a 1.75% fee on an exchange's first 5 million relevant transactions, then 3.5% thereafter, plus a 15% gross revenue fee and a 25- or 50-cent fee per transaction; the court asked the parties to submit supplemental briefs on the fee issue. (Bitcoin.com News)

Dubai VARA Sets Clear VASP Reserve Asset Audit Requirements, Mandating 100% Customer Liability Coverage at All Times

Odaily News: The Dubai Virtual Assets Regulatory Authority (VARA) issued a reserve asset audit circular on October 6, setting out the minimum requirements for independent audits of VASPs. VASPs must maintain reserves of no less than 100% of customer liabilities throughout the entire review period, held in the same virtual assets at a 1:1 ratio, with daily reconciliation. The audit scope must cover hot wallets, warm wallets, cold wallets, third-party wallet infrastructure, and third-party custodied assets, and must verify customer asset segregation, wallet control, and whether any rehypothecation, lending, or other use exists.

Kalshi launched US 500 perpetual futures contracts with no expiration date

The American compliance prediction market platform Kalshi has launched the US 500 perpetual futures contract, which has no expiration date, utilizes a daily funding fee payment mechanism, and uses futures account assets as collateral.According to The Defiant, Kalshi displayed a maximum leverage of 15.3 times on the day of the launch.

Cryptocurrency card payment volume reached a record of 12.5 billion USD, growing 140% within the year

According to data from paymentscan.xyz (first shared by The Kobeissi Letter), the payment volume processed by crypto cards has surged to a record $12.5 billion, a 140% increase year-to-date, and 247% higher than the levels in October 2025.The Kobeissi Letter indicates that this growth is driven by the increased use of stablecoins as a payment channel and the push for cheaper and faster cross-border transactions. QR code payments are another highlight, with demand for QR code consumption driving a 55% month-over-month increase in the number of activated cards for Jupiter Spend, which is one of the largest on-chain card providers.Major players are also entering the crypto card space. Fold Holdings (NASDAQ: FLD) announced earlier this year that it has begun issuing the Fold Bitcoin Credit Card to select members of its waitlist. This card operates on the Visa network and is supported by Stripe Issuing, usable at 175 million merchants, offering 1.5% Bitcoin cashback, up to 4%. Aven has launched the Aven Bitcoin Visa Card, allowing cardholders to borrow up to $1 million against Bitcoin collateral, with interest rates starting at 7.99%.

St. Cloud Credit Union CEO: The first to incorporate Bitcoin into the core ledger, holding over 20 BTC

Jed Meyer, CEO of St. Cloud Financial Credit Union in Minnesota, USA, stated that the institution has become the first credit union to incorporate Bitcoin into its core ledger. Founded by postal workers in 1930, this credit union currently holds real Bitcoin for its members, using a patent-pending hybrid custody model that allows each member to have independent ownership of Bitcoin in a multi-signature vault.According to Jed Meyer, the credit union has already held over 20 Bitcoins without any deliberate promotion. Its services support members in buying and selling Bitcoin directly, bringing ordinary users into the Bitcoin ecosystem, and plans to integrate with the Lightning Network. He also discussed stablecoins, the relationship between the US dollar and Bitcoin as a new type of currency network, and the differences between Bitcoin ETFs and credit union custody.On the regulatory front, Jed Meyer mentioned Minnesota's custody laws, the review by the National Credit Union Administration (NCUA), and the CLARITY Act. Additionally, the credit union has launched the Cloud Dollar stablecoin and adopted a cooperative ownership model. He stated that the credit union needs to master payment channels independently and continuously educate skeptics about the relevant knowledge.

Onyx transferred 620 million XCN, executing the migration proposal

According to The Defiant, Onyx transferred 620 million XCN tokens. This transfer executed a migration proposal that Onyx had previously publicly promoted. After the transfer, only about 1.89 million XCN remained in its Ethereum treasury contract.This large transfer occurred at the same time Blockaid issued a vulnerability alert.