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The founder of Pons, Ozzy, posted on platform X in response to community concerns about the PONS buyback and burn mechanism, stating that the current burn rate has indeed not been adjusted, and the "Claim" process has not yet achieved complete decentralization.He mentioned that an on-chain contract upgrade is currently underway, with a new buyback mechanism planned to execute a Claim every 7 days. Subsequently, all funds received in the following 7 days will be used for buyback and destruction of PONS, and this process will repeat to establish a more sustainable buyback and burn mechanism. Currently, all buyback and burn operations have been automated. Anyone can trigger this bot and receive a small reward for this action.He further stated that the previously set buyback and burn rate is 2e per hour. Combined with the current funding scale of approximately 950,000 USD in the Splitter (fund diversion contract), this rate aligns with the 7-day buyback cycle. Funds will also be automatically executed according to the 7-day cycle after being claimed, so the buyback funds will be displayed in two different sections: one is the current active buyback fund pool (Active Buyback Vault), and the other is reserved for the buyback funds for the next week.Previously, crypto analyst yyy posted on platform X stating that Pons has not replenished funds to the buyback allocator for over 5 days, with approximately 440,000 USD in the escrow account awaiting claim. He believes that the untimely claiming of funds has led to a low burn rate of PONS recently and calls for promoting the decentralization of fund claims from the escrow account.

According to monitoring by Lookonchain, trader 0xd9A2 went long on 2900 ETH with 20x leverage on Aster DEX, with a position value of approximately 7.97 million USD.Currently, the unrealized profit of this position has exceeded 1 million USD, with a return rate of 251.68%.

The perpetual contract protocol Drift (now Velocity) Foundation has opened claims and redemptions for the security incident on April 1. Affected users can claim newly issued compensation tokens DFX at a rate of 1 DFX for every $1 of verified loss. DFX is a Solana standard SPL asset, with a fixed total supply of approximately 299.5 million tokens, corresponding to about $295.4 million in verified losses, and no further issuance will occur.Users can destroy DFX on the official portal and redeem it for USDT at the redemption price, or trade it on secondary markets like Raydium. The redemption price is determined by the balance of the recovery pool divided by the number of DFX tokens that have not yet been destroyed. Currently, there are about 3.11 million USDT in the pool, with a redemption price of approximately $0.0104, allowing for about $1 back for every $100 lost, covering about 1% of the losses, which has caused dissatisfaction in the community, believing there is a significant gap from the expected full compensation.The plan also includes a maximum support commitment of $127.5 million from Tether, up to $20 million from partners, as well as subsequent sources such as transaction fee sharing from the new trading platform Velocity and the recovery of stolen funds, most of which are upper limits or installment arrangements, and were not included in the pool on the opening day. After the DFX launch, the redemption price remains around $0.0104, while the secondary market trading price has risen from about $0.01 to approximately $0.03, with a 24-hour increase of about 210%, and liquidity at that time was around $200,000. The tokens can be freely transferred, and the trading price does not have to equal the redemption price; buyers are mainly concerned with subsequent funding, protocol revenue, recovered funds, as well as the impact of early redemptions and the destruction of unclaimed portions after the window closes on January 1, 2028.

According to Bitcoin Magazine, Jack Dorsey's payment company Block has announced the launch of its first Bitcoin consumer advertising campaign, aimed at encouraging people to use Bitcoin as a medium of exchange and to make Bitcoin "everyday currency." The campaign slogan is "Some things don't make sense. Bitcoin does." The advertisements depict scenes of Americans complaining about rising living costs and Wall Street bankers receiving government bailouts.Miles Suter, head of Block's Bitcoin business, stated that the company focuses on creating financial products that make everyday life more convenient, and this advertising campaign is the first large-scale showcase of a centralized financial system for Bitcoin. The campaign will run from Thursday on YouTube, X, Meta, Instagram, and Fox Sports television channels until December 31, and will be aired before select screenings of "Avengers: Endgame" and "Dune Part 3."Dorsey left Twitter in 2021 to focus on payment business and Bitcoin adoption, and has expressed a desire for Bitcoin to become a global currency. Block's Cash App allows users to buy, sell, and send Bitcoin, while Square accepts Bitcoin payments through the Lightning Network. The company also launched a modular Bitcoin mining machine last year to reduce costs for miners in maintenance and equipment replacement.

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.

According to The Wall Street Journal, the U.S. stock-listed Bitcoin mining company PowerCompute (Nasdaq: PWCM) has fully repaid and terminated its Bitcoin collateralized credit line with Arch Lending.The credit line was settled on the reset date of September 24, with Arch selling approximately 267.3 of the 307 collateralized BTC to repay about $22.45 million in principal, interest, and fees, with approximately 39.6 BTC returned to the company.PowerCompute stated that the settlement was carried out as planned and was not due to additional margin calls or forced liquidations.After repayment, the company's secured debt decreased from approximately $19.4 million at the end of June to about $1.25 million, holding approximately 62 BTC as of September 25. The company announced it will exit the leveraged Bitcoin treasury strategy, with Bitcoin being used as operating capital for equipment procurement and expansion.

According to Lookonchain monitoring, a certain trader went long on 1.38 million ASTER on the Aster platform with 5x leverage, with a position value of approximately 1.05 million USD. Currently, the position has an unrealized profit of over 137,000 USD, with a return rate of about 65.36%.The above profit and loss are unrealized gains and may change with market conditions.

According to Gate's latest institutional weekly report, from September 21 to 27, the decline in oil prices and the easing of trade risks provided some support for U.S. stocks and crypto assets. However, the yield on the U.S. 10-year Treasury bond broke above 5%, and the high interest rate environment continues to put pressure on the valuations of risk assets. In terms of capital, the weekly net inflows for BTC and ETH ETFs were approximately $2.386 billion and $690 million, respectively, while the supply of stablecoins increased by about $1.59 billion, indicating a rebound in institutional capital and on-chain liquidity.The market trading structure remains differentiated. The weekly trading volume on Gate TradFi is about $100 billion, maintaining a high level overall; on-chain funds are further concentrated in structural opportunities such as USDC and SOL LST. In the derivatives sector, BTC rose 4.06% weekly, but the open interest across exchanges decreased by 12.81%, with funding rates turning negative temporarily, and options open interest significantly contracting, indicating signs of deleveraging in the market as prices rebound.Against the backdrop of continuous changes in capital flows and market structure, Gate institutions are continuously improving the multi-asset trading system, covering spot, contracts, stocks, ETFs, options, and other TradFi assets. They are also promoting API trading, cross-platform execution, and settlement collaboration based on infrastructures like OES and CrossEx, providing support for institutions to participate in cross-market trading and diversified asset allocation.

R25 today announced that its core product R25 Studio, based on the 2 architecture, has officially launched public testing. R25 Studio is dedicated to realizing the vision of "everyone can become an asset manager," fully opening up the capabilities for the establishment, operation, and distribution of institutional-level funds. By abstracting cumbersome legal documents, backend systems, and compliance processes into configurable smart contracts, R25 Studio has successfully compressed the fund establishment cycle from several months to just 10 minutes.The platform revolves around Build, Manage, Earn, and Distribute, covering Vault creation, subscription and redemption, investment management, fee earning, and distribution; asset managers can autonomously set investment parameters, management fees, and performance fee rates on-chain without building complex fund structures from scratch, generate exclusive Vault Tokens/Shares, and list the Vault on channels such as Dapp and Topnod. The platform also provides performance data such as NAV, APY, cumulative returns, and maximum drawdown, helping asset managers monitor strategy performance in real-time.Previously, in Phase 1, Axil launched a private credit Vault on R25 and successfully surpassed $130 million in TVL, validating the reliability of this infrastructure. The registration channel for the first batch of managers is now open.

Well-known trader Bonk Guy posted that market sentiment towards PONS may have dropped to a long-term low, with its comparable project PUMP currently having a market capitalization of about 2.7 billion dollars, up 17% today.PONS has an annual revenue of about 156.8 million dollars and a market capitalization of about 375 million dollars, corresponding to an annual revenue multiple of about 2.39 times; PUMP has an annual revenue of about 463.6 million dollars, corresponding to a market capitalization of about 2.7 billion dollars, with an annual revenue multiple of about 5.82 times.PUMP is the leading Launchpad in the Solana ecosystem, while PONS is the leading Launchpad on the Robinhood Chain. If the Robinhood Chain can maintain a certain level of ecosystem activity in the future, the gap between PONS's current valuation and its revenue scale may be worth noting.

Hyperliquid has now launched the Bitcoin Implied Volatility Index Contract (BVIV), supporting up to 5x leverage, deployed by Markets.xyz.

Noah Shinn, founder of Personal AI Agent Instinct, stated that the company's user base has been growing by about 10% to 11% daily in recent weeks, leading to a corresponding demand for computing power that is close to doubling each week. He now spends about 40% of his time considering how much computing power to purchase in advance.Shinn indicated that computing power cannot be procured in sync with user growth. Purchasing only double the current computing power would be exhausted in about a week; buying five times would run out in less than three weeks; directly purchasing ten times would mean a significant upfront investment. Many resources need to be booked months in advance, and the price for temporarily supplementing computing power could be three to four times higher. He mentioned that purchasing too little makes it difficult to support growth, while purchasing too much would amplify costs when growth slows down.He estimates that even if the daily growth rate drops from 10% to 5% to 8%, after continuous growth for 3 to 4 months, it may still be necessary to prepare computing power for a scale of 100 million users, and the waiting time for new computing power to come online would be roughly the same. He believes that this is more challenging than scaling consumer internet products like Instagram and Facebook, because each new user of the personal agent continuously consumes a large amount of model inference. He stated that Instinct's current scaling speed is even faster than similar situations encountered by Claude Code and Codex in the past.

According to Cointelegraph, the European Securities and Markets Authority (ESMA) has released its work plan for 2027, which will coordinate the regulation of Crypto Asset Service Providers (CASP) across countries, focusing on operational resilience, outsourcing risks, liquidity, reverse solicitation, and asset classification. ESMA Chair Verena Ross stated that the focus of MiCA has shifted from rule-making to regulation and convergence.ESMA intends to unify the reports that CASPs submit regularly to national regulatory authorities and promote common risk indicators and regulatory dashboards. ESMA will advance the centralized crypto market monitoring system MIDAS, which will be used to monitor potential market abuse under the MiCA framework.The first phase of the system is expected to be fully operational by 2027. ESMA plans to enhance the analytical capabilities of MIDAS and expand the types of data available in the fourth quarter, pending approval from the Council, while incorporating regulatory experience into the European Commission's MiCA review expected to be completed by June 2027.

According to monitoring by Onchain Len, Huang Licheng has opened a leveraged long position of 99.7 BTC (approximately 8.31 million USD) at a price of about 83,007 USD multiple times, and the current floating profit of this position is about 34,900 USD, with the total amount of open long positions rising to approximately 127.33 million USD.The current unrealized profit and loss of this position is -43,800 USD, and its historical cumulative profit and loss is -29.22 million USD.

Investment bank Evercore stated that SpaceX's Colossus project offers significant EBITDA upside potential.

The government of Kazakhstan is promoting the use of associated gas to power cryptocurrency mining, in order to restore the mining industry affected by power restrictions. President Kassym-Jomart Tokayev signed a decree in July requiring the establishment of mechanisms for enterprises to conduct digital mining using associated gas.Daniyar Mubarakov, head of the Blockchain and Digital Mining Association, stated that the total amount of associated gas in Kazakhstan can be converted into 1.2 to 1.3 terawatt-hours of electricity, sufficient to support medium or large data centers or Bitcoin mines in some oil fields. The Ministry of Energy of Kazakhstan estimates that there are up to 60 oil fields in the country producing associated gas. Oil companies can sell waste gas to miners, reducing disposal costs by millions of dollars, while miners can lock in electricity prices for years, reducing dependence on grid power.The government of Kazakhstan is developing a relevant legal framework to clarify the operational rules for enterprises and regulate the market. Gizzat Baitursynov, Deputy Minister of AI and Digital Development of Kazakhstan, stated that this mechanism will increase government tax revenue and improve the environment.

According to Lookonchain monitoring, a certain whale went long on 550,087 SOL with 20x leverage a month ago, worth 67.88 million USD, and currently has unrealized profits exceeding 23 million USD.This whale also set a take-profit order at 200 USD; if SOL reaches 200 USD, its profits could exceed 65 million USD.

Bitwise announced the launch of the Bitwise Premium+ RWA Vault (PPLUS) on the Ember Protocol. PPLUS holds a curated portfolio of real-world assets (RWA) and employs a leveraged strategy, targeting a net yield of over 10%.Its assets include PST from Huma Finance, sUSDai from USDai, and PRIME from HastraFi, corresponding to cross-border payment financing, AI GPU loans, and tokenized debt secured by high-quality residential equity, respectively.It is reported that Bitwise is responsible for the strategy design of assets, positions, and leverage parameters, while Ember is responsible for vault operations and trade execution. PPLUS is open only to non-U.S. persons, and Bitwise warns that the vault involves leveraged credit strategies, and deposited assets may face the risk of partial or total loss.

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.