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BCH $508.24 -1.63%
LINK $8.41 +0.36%
HYPE $30.98 +2.16%
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spark

Spark co-founder Sam MacPherson: The next growth phase of DeFi will rely on integrated protocols that can consolidate multi-chain liquidity, possess institutional-level risk control, and have sustainable token economics

At the "Build and Scale in 2026" themed forum recently held by ChainCatcher in Hong Kong, Spark co-founder Sam MacPherson delivered a keynote speech on "The Growth Engine of DeFi," systematically explaining how Spark builds an integrated solution to address the fragmentation and inefficiency of on-chain capital markets by integrating savings, lending, and institutional-level capital allocation.Sam MacPherson pointed out that the current on-chain capital market still faces challenges of severe fragmentation and low capital utilization efficiency. Spark builds its growth engine through three core products: first, the all-chain savings account Spark Savings, which has managed over $2.75 billion in deposits, providing users with a safe and stable income entry; second, the lending protocol SparkLend, which focuses on blue-chip assets and captures value by reducing external protocol commissions and protocol fees; third, institutional lending in collaboration with the Anchorage custodian, seeking risk-adjusted returns between DeFi, CeFi, and traditional finance.He believes that the next phase of DeFi's growth will rely on integrated protocols that can seamlessly integrate multi-chain liquidity, provide institutional-level risk control, and possess sustainable token economic models. Spark is promoting the evolution of DeFi towards a more efficient and robust direction through its product matrix and ecosystem development.

Bitwise CEO: The collapse of the Iranian currency has sparked protests, highlighting the necessity of Bitcoin as a tool for value protection

As the Iranian rial's exchange rate against the dollar has fallen to a historic low, large-scale protests have erupted in Tehran recently, with the public attributing the continuous devaluation of the local currency to the central bank's long-term fiscal and monetary policy failures. In response, Bitwise CEO Hunter Horsley stated on the X platform that economic mismanagement has been a constant throughout the past, present, and future, while Bitcoin provides a new way for ordinary people around the world to protect their wealth amid significant devaluation of fiat currencies.Reports indicate that since the two-week conflict with Israel in June of this year, the purchasing power of the Iranian rial has shrunk by over 40%, with the current official exchange rate at approximately 1.4 million rials to 1 dollar. Alex Gladstein, Chief Strategy Officer of the Bitcoin Human Rights Foundation, also mentioned that in the early 1980s, the official exchange rate in Iran was only 70 rials to 1 dollar, highlighting the significant depreciation. Meanwhile, the governor of the Iranian central bank has resigned under protest pressure, further exacerbating market uncertainty.Additionally, although Iran allows cryptocurrency trading, the regulations on custody and mining remain relatively strict. VanEck's research director Matthew Sigel pointed out that Iran has recently cracked down on unregistered Bitcoin mining activities and even encouraged citizens to report their neighbors. Analysts believe that against the backdrop of sanctions, pressure on the banking system, and continuous devaluation of the local currency, discussions around Bitcoin as a decentralized store of value are on the rise.

The AI trading system NoFx has sparked equity and open-source controversies, with the project team, parties involved, and incubator Amber.ac responding in succession

The open-source AI trading system NoFx developer Tinkle issued a statement yesterday regarding the community controversy sparked by early project participant Zack. It stated that Zack joined the project on October 29, 2025, after it was open-sourced, participated for about 14 days, and contributed a small amount of code. He then demanded 50% equity in exchange for introducing Amber for commercialization. After being rejected, he withheld the project's Twitter account and demanded 500,000 USDT through a lawyer's letter, while also spreading false information through multiple channels. Tinkle stated that relevant records are verifiable and that the team will no longer respond to personal disputes, focusing instead on product development.In response, Zack issued a statement refuting the claims, stating that the allegations are seriously false and damage his personal reputation. The lawyer's letter was sent by a law firm, evidence has been preserved by the lawyer, and the claims are legal and compliant. If the dispute cannot be resolved through legal channels, he will publicly disclose complete video, audio, chat records, and timelines as evidence.The official NoFx X account subsequently published an open letter stating that recent discussions regarding community members, code usage boundaries, and intellectual property have been handed over to a professional legal team for unified handling. It denied rumors involving financing and利益输送, emphasizing that NoFx is a community-driven open-source project rather than a commercial company. The team also reiterated that the project is licensed under AGPL-3.0 and will legally uphold open-source standards and contributor rights, focusing on building an AI Trading OS that supports self-hosting and multi-platform trading access.Additionally, the ecosystem accelerator amber.ac under Amber Group also issued a statement, clearly stating that there is currently no formal incubation, investment, or commercial cooperation relationship with the NoFx project. The two parties have only engaged in open industry exchanges and called on all parties to return to technical and rational communication to promote healthy ecological development.
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