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Regarding the previous incident where the FlashLoopAdapter vulnerability caused a loss of approximately 114 ETH from two Safe multi-signatures, Aave founder Stani Kulechov stated that the contract with the vulnerability is not the Aave v3 contract, but rather a third-party external adapter built on top of Aave, which does not affect Aave v3 itself.Previously, SlowMist disclosed that the FlashLoopAdapter has an access control vulnerability, which attackers exploited to bypass permission checks and transfer assets from two Safe multi-signatures that enabled the module, ultimately resulting in a loss of approximately 114.09 ETH.

According to The Block, shareholders of Armada Acquisition Corp. II have approved its business combination with XRP Treasury company Evernorth, clearing a key step for the latter's listing on Nasdaq.The transaction is expected to raise approximately $300 million in total cash proceeds, with investors also contributing in physical XRP. Upon completion of the transaction, Evernorth is expected to hold approximately 473 million XRP. The transaction is expected to be completed on October 7, and the combined company plans to trade under the ticker XRPN starting October 8.

U.S. Senator Steve Daines (Republican from Montana, member of the Senate Finance Committee) has officially introduced a 56-page digital asset tax bill, named the "Aligning Digital Assets with Tax Principles Act" (ADAPT Act). The bill aims to establish clearer tax rules for scenarios such as stablecoin payments, network fees, staking, and lending, and plans to extend existing tax rules like wash sales and constructive sales to apply to digital assets.The core provisions of the bill state that taxpayers generally do not need to recognize gains or losses when using compliant U.S. dollar stablecoins to purchase goods and services, while exempting brokers from information reporting obligations for qualifying consumer transactions; however, this exemption does not apply to traders and market makers. The bill also extends wash sale rules and constructive sale rules to digital assets, with compliant stablecoins excluded from the constructive sale provisions to limit loss harvesting behavior in crypto assets.Additionally, the bill proposes to exempt digital assets used to pay for network, transaction, or gas fees of $10 or less from gain or loss recognition and allows qualifying digital asset traders and dealers to choose to account for them at fair market value. The bill also stipulates rules for income sources from staking and mining, a non-recognition framework for digital asset lending, a safe harbor for foreign investors' transactions, and definitions for digital asset classifications; most provisions will apply to tax years or transactions after December 31, 2026. Previously, the U.S. House Ways and Means Committee passed its own "Digital Asset Tax Certainty Act" on September 16 by a vote of 38 to 5.

According to the official announcement from Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Trust Bank will acquire all shares of Japan Digital Asset Trust Establishment Co., Ltd. (JADAT) held by Bitbank on October 1, 2026, making it a wholly-owned subsidiary.The Sumitomo Mitsui Trust Group has identified the digital asset market as an important growth area, believing that highly reliable asset management and custody functions are highly compatible with its trust business. After becoming a wholly-owned subsidiary, JADAT will accelerate the procedures for management trust registration, striving to officially launch digital asset-related businesses as soon as possible.

According to Politico, citing three informed sources, the U.S. Commodity Futures Trading Commission (CFTC) is investigating former Illinois Republican Congressman Adam Kinzinger, related to his trading on the prediction market platform Kalshi. The relevant trades occurred between December 2024 and January 2025, completed through a Kalshi account associated with Kinzinger. He confirmed to the media that he had placed bets on contracts regarding whether he would receive a presidential pardon, while also betting on another contract about whether Biden would issue preemptive pardons before leaving office.In the final moments before Biden left office in January 2025, he issued preemptive pardons to Kinzinger and other members of the House Select Committee investigating the Capitol riot. Screenshots provided by Kinzinger show that he made a profit of $823 from approximately 25 trades, most of which were losses. He denied any wrongdoing, stating that he had been out of office for two years at the time of the bets, was neither a congressman nor a candidate, and had "no insider information." He also stated that he had read Kalshi's rules in advance and understood that they prohibit users from trading contracts directly related to their own interests. Kalshi prohibits users from betting on contracts in which they are direct participants, and the CFTC also prohibits the use of significant non-public information in its regulated markets.Kalshi had previously handled similar cases, suspending three congressional candidates in April for betting on their own campaigns, and freezing former Congressman George Santos's account, which was referred to the CFTC and the Department of Justice, leading to a lifetime ban at the end of August.

The decentralized lending protocol Abracadabra initiated a vote on Snapshot, proposing to liquidate the entire protocol, converting the remaining collateral assets into ETH, and proportionally compensating MIM stablecoin holders. The team estimates that the recoverable asset support is approximately 900,000 USD, while the scale of bad debts borne by the protocol reaches up to 21 million USD.According to the proposal, MIM holders are expected to recover only about 0.04 USD for every 1 USD of face value. If the vote passes, Abracadabra will officially enter the liquidation process, and the remaining collateral will be converted into ETH for compensation.

Canadian "Crypto King" Aiden Pleterski will appear in court on his own due to not being granted an extension. He faces charges of fraud and money laundering for allegedly defrauding investors of approximately 40 million dollars and squandering the funds.

The criminal trial of Aiden Pleterski, who calls himself the "King of Crypto," regarding allegations of cryptocurrency fraud will begin on October 5 in the Ontario Superior Court of Canada. He is accused of raising funds from investors between 2021 and 2022 by making false promises of "smart investments yielding high weekly profits," with the fraud amounting to approximately $30 million. Canadian authorities have filed charges of fraud and money laundering against him in May 2024.According to CBC News, Pleterski failed to obtain a postponement to hire a lawyer and is expected to represent himself in court. The trial is expected to last about four weeks, and if convicted on the fraud charge alone, he could face up to 14 years in prison.In December 2022, several men (some of whom are reportedly victims of the scam) allegedly kidnapped and tortured Pleterski for three days, threatening his and his family's safety, and forcing him to record a video detailing his role in the alleged fraud. Pleterski is one of many high-profile figures in the cryptocurrency industry facing criminal charges during the market downturn in 2022, with executives from the now-bankrupt FTX and Celsius also facing charges in the United States thereafter.

AMC CEO Adam Aron posted on the X platform again naming Robinhood CEO Vlad Tenev and Chief Legal Officer Dan Gallagher. He stated that Robinhood had previously expressed support for the U.S. Securities and Exchange Commission (SEC) regarding the tokenization of U.S. stocks, believing that tokenized stocks should have voting rights and that companies should have the option to opt-out.Adam Aron also pointed out that it would be very "hypocritical" if Robinhood did not apply the same principles in its overseas operations, and he urged them not to go against the SEC's stance, "do not openly disrespect and provoke the SEC."

According to Catcher Predict monitoring, in the Polymarket event "Atlanta Dream vs. New York Liberty," the "Yes" option for the sub-market "Jordin Canada: Points O/U 9.5" has experienced a dramatic fluctuation in winning probability, soaring from 40.5% an hour ago to the current 55.5% (a fluctuation of 15%). Please note the impact of related breaking news.

The six major banks in Canada announced a joint exploration of a tokenized Canadian dollar deposit system, aimed at accelerating the transfer of funds between financial institutions and ultimately connecting with other digital asset programs. TD Bank announced on Tuesday that the Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Scotiabank, and Toronto-Dominion Bank Group have jointly formed this joint venture project, with the possibility of more banks joining in the future.The first phase of the project will focus on promoting the transfer of tokenized deposits among participating banks. The parties stated in a joint statement that the first phase aims to enable efficient circulation of tokenized deposits among Canadian financial institutions, with the long-term goal of connecting with other emerging digital asset programs. Tokenized deposits are digital representations of funds and assets already held by banks, differing from independent stablecoins issued by crypto companies; this system allows for 24/7 programmable payments within a regulated banking system.Canada's move comes as global banks compete to put deposits on the blockchain. In the United States, regional banks are building a shared tokenized deposit network, while JPMorgan, Citigroup, and Wells Fargo have also launched their own institutional products. Recently, Swift has begun testing cross-border payments for tokenized deposits. Additionally, the Bank of Canada, Royal Bank of Canada, and Toronto-Dominion Bank completed the Project Samara test in March this year, issuing, trading, and settling CAD 100 million (approximately USD 71 million) bonds on a distributed ledger; in May, Shopify and National Bank of Canada also supported the launch of a regulated digital Canadian dollar.

Cardano has joined the official x402 software development kit, allowing developers to enable applications or AI agents to use ADA or Cardano network tokens to pay for online services. x402 transforms the basic idle "402 Payment Required" response in web pages into a checkout process built into internet requests: the service provider returns the price and payment instructions, the agent signs the payment, and after transaction verification, the required data or computing power can be obtained.This means that AI agents can purchase individual datasets on demand when preparing reports, without the need for manual account registration, entering credit card information, or subscribing to monthly fees. x402 was created by Coinbase in 2025 and subsequently contributed to an organization under the Linux Foundation, with members including Visa, Mastercard, Stripe, Google, and Amazon Web Services. Solana, XRP Ledger, and several Ethereum-compatible networks have previously supported this standard.Engineers from the Cardano Foundation have built client and server software for payment requests based on the specifications passed in June, as well as a facilitator responsible for verifying and submitting transactions. The first version supports TypeScript, with Python support planned for later release. Facilitator documentation shows that it has completed a real transaction on the Cardano pre-production network, but it has not yet run on the mainnet, nor has it demonstrated scenarios where agents use ADA to pay for commercial services on a large scale.

Bitcoin News posted on the X platform stating that Spaces has launched "Trust Anchor," allowing applications to directly verify human-readable identities based on Bitcoin without relying on centralized servers.Users can obtain a single Trust ID and scan or paste it into Spaces-compatible applications to verify identity identifiers like alice@bitcoin based on the locally verified Spaces protocol status. The Trust ID is generated from the Bitcoin block header chain and the accumulated status of Spaces; the Veritas application on macOS can generate this ID without the need to run a full Bitcoin node, and users can also connect their own nodes or generate the same Trust ID through the Spaces client.This solution aims to use Bitcoin as the foundation for a decentralized certificate authority, enabling applications to authenticate identities without trusting company servers.

The cryptocurrency wallet application SecondFi tweeted a reminder for users affected by the previous security incident regarding the risks of claiming NIGHT tokens. Some affected users will have a window to claim NIGHT tokens on September 22, but the Midnight Foundation's system only supports claims from the original wallet addresses and cannot switch to other unaffected addresses. The affected wallets have permanently existing security risks. SecondFi advises users not to attempt to claim NIGHT through compromised wallets, or the tokens will face the risk of being stolen.SecondFi also stated that the NIGHT claiming process is independently managed by the Midnight Foundation, and its wallet migration tool and asset recovery tool do not cover NIGHT claims. Affected users should contact the Midnight Foundation directly. Previously, SecondFi experienced a security incident from June 21 to 23, resulting in approximately 16.1 million ADA (about 2.6 million USD) being stolen, involving 374 wallets.

According to GMGN market data, the market capitalization of the meme coin GSTOCK has surpassed 29 million USD, setting a new historical high, currently reported at around 28 million USD, with a daily increase of over 220%.On the news front, Genius Terminal announced that Genius.fun now supports creators in issuing tokens paired with GSTOCK. The price of meme coins is highly volatile and easily influenced by market sentiment and trending events, please be aware of trading risks.

According to GMGN market data, the market capitalization of Genius.fun's ecological Meme coin GSTOCK has surpassed 24 million USD, reaching a historic high of approximately 24.2 million USD, with a daily increase of over 170%. In terms of news, CZ responded to crypto KOL Jasmy today, stating, "The idea of acquiring a listed company through Meme is definitely not something I came up with myself."It is worth noting that Jasmy has mentioned GSTOCK in posts for 9 consecutive times this week. GSTOCK pairs with the on-chain token BNCB from the BNB treasury company BNC. Genius.fun was launched by Genius Terminal, an on-chain trading terminal invested by YZi Labs, with CZ serving as an advisor. According to market news, Meme coin prices are highly volatile and easily influenced by market sentiment and trending events, so please be aware of trading risks.