spar

On-chain data research account Sparsity released a study on November 10, stating that in the past 30 days, pump.fun accounted for 92% of the total launch volume of all Meme launch platforms and 84% of the trading volume of launch platforms. The study noted that 95% of pump.fun's protocol revenue comes from trades when tokens are still on the joint curve or have a market cap of less than $250,000. A fee of 1.25% is charged on each transaction on the joint curve, with 0.95% going to pump.fun and 0.30% to the creators, resulting in a round-trip cost of 2.5% before price changes.The study indicated that approximately three-quarters of the aforementioned revenue comes from tokens that have been listed for less than 1 hour, and 87% comes from tokens that have been listed for less than 1 day. A total of 15 top tokens with a peak market cap of $1.4 billion paid about $1.5 million to pump.fun, while tokens on the joint curve or with a market cap of less than $250,000 paid $506 million. The research also stated that the top 25 deployers collectively launched 761,000 tokens, with a graduation rate of less than 1%, and received $128 million; the wallet that launched the most issued 171,195 tokens, averaging about $200 per token.The study reported that since August, call rewards have paid $29.6 million to 51,115 wallets, with 10 wallets receiving 16%, and the median being $13. In the fourth quarter of 2024, out of 3.16 million launches, 207 reached a market cap of $10 million, while in the third quarter of 2026, out of 3.05 million launches, 24 reached that level. The study stated that out of a total of 24.4 million launches on pump.fun, currently, 312 have a market cap above $100,000, which is about 1 in every 78,000. The article was written by Kioto.

According to TNW, the German AI chip and systems company Sparxity based in Dresden has completed its Series A financing, bringing its total funding to 90 million USD.Sparxity did not disclose the specific amount of the Series A financing. This round was led by the ICM HPQC Fund, which focuses on investment computing and quantum infrastructure.

IRIS plans to launch fixed-rate lending based on SparkLend on November 10, allowing borrowers to customize the term with the rate difference borne by the quoting party.

According to the official announcement from OneBullEx, the platform has launched the Spartans Strategy Ambassador Program, aimed at establishing a strategy recommendation cooperation mechanism for traders, KOLs, and community managers. All platform users can apply to become ambassadors, recommending quality traders to the platform; once the recommended strategies go live and meet the standards, ambassadors can receive cash referral rewards and long-term profit sharing.It is introduced that this program combines strategy resources with continuous performance evaluation, aiming to strengthen the connection between strategy teams, professional traders, and communities, and expand the cooperation network of the Spartans ecosystem. Relevant rewards will be determined based on the actual performance of the strategies after they go live and the platform's review results. The cash reward for a single strategy can reach up to 3,300 USDT plus AUM profit-sharing rewards.

According to the official announcement from OneBullEx, the Spartans strategy ecosystem has launched the "Real Gold Seed Program," which provides real capital support for individual traders and professional strategy teams worldwide. Under this program, the platform will provide initial funding, and eligible strategy providers do not need to invest their own funds to start live trading on Spartans, offering eligible strategy owners the opportunity to expand their management scale.OneBullEx stated that the "Real Gold Seed Program" is part of OneBullEx's efforts to advance the Spartans strategy ecosystem, aiming to connect professional strategy providers with platform resources, exploring collaborative paths from strategy discovery, live evaluation to capital support, and further expanding the network of traders and strategy collaborations within Spartans.

According to the official announcement from OneBullEx, the Spartans strategy ecosystem has officially launched the "Leverage Plan," with a Q4 investment pool size of 2 million USDT to support high-quality strategies that have been evaluated through real trading assessments.Under the plan framework, the maximum co-investment amount can reach up to 20 times the strategy provider's own capital, with a single strategy Bot's co-investment cap set at 1 million USDT, and the actual scale will depend on the review results and related conditions. This plan establishes a tiered cooperation mechanism centered around strategy performance, capital support, and continuous evaluation, aiming to connect strategy development with actual trading scenarios. OneBullEx stated that the plan aims to provide larger capital scales for strategy providers that have proven their capabilities in Spartans, promoting the construction and continuous growth of the Spartans strategy ecosystem.

On November 6, the decentralized over-collateralized stablecoin USDD recently released its monthly transparency report for October 2026. The report shows that as of October 31, the circulation of USDD was approximately 1.5 billion, with reserve assets reaching 2.21 billion USD and a collateralization rate maintained at 146.99%.In October, the average daily minting volume of USDD increased by 10.5% month-on-month. During the period from October 12 to 19, the market capitalization of USDD grew by 180.3 million USD, leading the stablecoin market. On October 12, the circulation of USDD once exceeded 1.81 billion USD, and the Total Value Locked (TVL) surpassed 2.51 billion USD, both setting historical highs.In terms of revenue and ecological development, the investment return of USDD Smart Allocator in October increased by 8.5% month-on-month, with the average daily capital deployment scale growing by 15%. By the end of the month, the cumulative revenue reached 33.59 million USD. Meanwhile, the TVL of USDD Earn on the BNB Chain increased by 62.9% month-on-month. USDD continues to deepen cooperation with platforms such as Binance Wallet, Gate DEX, Morpho, and Pendle, further expanding DeFi revenue scenarios.In addition, the treasury data disclosed by USDD for the third quarter of 2026 shows that the treasury surplus increased by 27.1% month-on-month, and the treasury balance exceeded 30 million USD for the first time. USDD stated that it will continue to promote ecological construction around the two core scenarios of earning and transferring, and will continuously enhance asset transparency through public reserve addresses and on-chain data dashboards.

According to official news from Bitget, the platform has released its transparency report for the third quarter of 2026. The report shows that Bitget's Q3 total trading volume reached $1.86 trillion, with a cumulative monthly trading volume growth of 21.2% from July to September. Among them, the trading volume of crypto derivatives reached $409.19 billion, a month-on-month increase of 31.5%; the trading volume of crypto spot increased by 65.7%; and CFD trading volume reached $376.32 billion, an increase of 39.7%.In terms of product layout, Bitget launched a Unified Trading Account (UTA) that incorporates over 370 assets into a unified margin system, including more than 100 tokenized U.S. stocks, with a collateral valuation ratio of up to 95%, further optimizing the cross-asset trading and fund management experience. At the same time, the platform has extended the application scope of the AI trading tool GetAgent Playbook to tokenized U.S. stocks and launched the stablecoin yield product Cash Plus, enriching users' asset management and yield options.Regarding the security system, Bitget has been releasing monthly reserve reports since December 2022, and as of September 2026, it has released 47 consecutive reports, with all asset reserve ratios maintained above 100%. In this quarter, Bitget further upgraded its Proof of Reserves (PoR) mechanism, expanding the coverage of reserve verification from the original 4 cryptocurrencies to 19 major assets. This upgrade also expanded the platform-level reserve disclosure and individual asset verification scope, allowing users to check the reserve ratio, reserve scale, and on-chain distribution of various assets through the PoR page, and independently verify whether personal holdings are included in the reserve snapshot based on the Merkle Tree, further enhancing the transparency and verifiability of reserve information.

The founder and CEO of trading company DRW, Don Wilson, published an article raising several questions about the New York Stock Exchange's parent company's push to introduce the decentralized perpetual contract platform Hyperliquid to the U.S. market. He also expressed gratitude to CFTC Chairman Selig and the Trump administration for making such experiments possible and stated that only the market can determine whether an arrangement is useful.Don Wilson: What are the benefits of trading perpetual contracts on a regulated exchange in an on-chain manner? He believes the main advantage of on-chain trading is the reduction of friction in a trustless, identity-verification-free environment, or receiving the purchased assets in real-time through atomic transactions; however, perpetual contracts themselves are not assets, so the latter benefit does not apply.He also specifically mentioned Stan Druckenmiller, asking whether he is aware that positions and transactions on Hyperliquid can be tracked in real-time and whether he sees this as an advantage. Additionally, he noted that Hyperliquid's priority fee mechanism allows participants to pay to see information earlier or to move their orders ahead in the queue, and he inquired whether this aligns with CFTC core principles.Don Wilson further asked whether the liquidity of offshore order books can be merged with onshore order books; if not, whether listing perpetual contracts on regulated exchanges using traditional centralized order books is preferable to bearing the inefficiencies brought by on-chain matching.Previously, Intercontinental Exchange (ICE) and trade[XYZ] announced plans to deploy a perpetual contract market covering crypto assets, stocks, commodities, foreign exchange, and other physical assets for U.S. traders based on Hyperliquid infrastructure, pending regulatory approval, with ICE operating the regulated market and clearing framework.

According to The Defiant, the USDT market of the MakerDAO ecosystem lending protocol SparkLend currently has a borrowable liquidity of 11.95 million dollars, with a utilization rate maintained at around 96%. Earlier this week, the liquidity in this market tightened.In terms of interest rates, the current annualized yield for USDT depositors is approximately 6.9%, while borrowers are subject to an annualized borrowing rate of about 7.7%.

NVIDIA (NVDA.O) announced that the starting price for laptops equipped with RTX Spark is $2,599, offering a 128GB configuration version.

NVIDIA (NVDA.O) announced that the DGX SPARK 64GB system is now available for purchase, equipped with the GB10 Grace Blackwell superchip.

The funding scale of the Zcash development grant program continues to expand, with the current net funding estimated at approximately 125 million USD, far exceeding current expenditure needs. Sean Bowe, co-founder of Zcash and current head of Tachyon, has proposed a draft suggesting the termination of the current 8% block reward allocated to ZCG in a future network upgrade.There are currently four proposals in the community regarding the development funding mechanism, which involve terminating ZCG grants, canceling the entire development fund grant mechanism, or gradually reducing the grant proportion to zero. Supporters believe that the current mechanism allows funds to accumulate as the price of ZEC rises, but ZCG is not directly controlled by holders; opponents worry that cutting development funds without alternative solutions may impact the subsequent development and maintenance of the protocol. All proposals are still in the discussion stage and have not yet been finalized.

According to Israeli media TheMarker on October 25, the AI mining project Pearl (PRL) has raised a total of $130 million from the Israeli research laboratory Pearl Research Labs, of which $55 million is equity financing and $75 million is for a GPU infrastructure fund. Investors include Lightspeed, Ribbit, and Square Peg.The report pointed out that the token has increased by approximately 520% within three months since its launch at the end of April, with its circulating market value once rising to $710 million, and its "AI version of Bitcoin" narrative has attracted market attention. However, the report also raised concerns that the company has not fully disclosed the details of the financing and the operational structure of the GPU infrastructure fund, leading to questions about transparency.

The innovation exemption for tokenized securities trading venues launched by the U.S. SEC in September is sparking controversy within the industry regarding blockchain qualification standards. This exemption allows eligible companies to trade tokenized U.S. stocks without registering as traditional securities exchanges, but requires their smart contracts to be auditable, public, and deployed on a public, permissionless blockchain.Currently, three companies have submitted operational intent notices to the SEC. TSV LLC plans to use the privacy-focused Canton Network; OKXICE and Kephas Corp. intend to utilize their respective enterprise group's developed Ethereum Layer 2 networks.In a letter submitted on Thursday, the Solana Policy Institute requested the SEC to tighten the definition of "permissionless," focusing on who actually controls the blockchain, including who can validate or block transactions and modify network rules. Hedera advocates for an expansion of the exemption's scope, arguing that only authorized entities should participate in validation, which should not disqualify their network.The Securities Industry and Financial Markets Association (SIFMA) also called for clarification on which blockchains are eligible and questioned whether stock tokenization should require explicit prior consent from the issuing company, rather than requiring companies to opt out. The financial regulatory advocacy group Better Markets urged the SEC to withdraw the exemption and instead engage in formal rulemaking.An SEC official stated that companies can begin operations 30 days after submitting a notice, provided they meet the exemption criteria, without waiting for SEC approval, which does not imply SEC endorsement of their chosen blockchain. The official noted that the regulatory agency intends to maintain a broad definition to allow space for companies to experiment; further frequently asked questions may be released, but substantive adjustments would require action from the commission.Meanwhile, more companies are opposing the tokenization of their stocks. As of Friday, among the 62 companies initially listed by OKXICE, 22 have raised objections, exceeding one-third. New objectors include Wells Fargo, Arm, and Intuit.

According to BBX data, yesterday the traditional European banking system and global digital asset giants disclosed the latest developments in retail crypto financial channels and cutting-edge computing power investments, with the core information as follows:The German Savings Bank officially opens crypto trading to retail customers, initially supporting BTC, ETH, SOL, and other cryptocurrencies: The German Savings Bank Association (DSGV) announced that starting from October 19, the first batch of participating customers from the German Savings Banks (Sparkassen) can directly buy and sell cryptocurrencies through the existing bank mobile application. Each savings bank will independently decide the specific launch time, and it is expected that 30 to 40 new savings banks will be added each month thereafter, aiming for comprehensive coverage of most interested banks in Germany by the first half of 2027.Supported cryptocurrencies and fees: The initially supported cryptocurrencies include BTC, ETH, XRP, SOL, and POL. Each transaction order incurs a fixed fee of approximately $1.11 (0.99 euros);Underlying technology and compliance framework: This service is provided by DekaBank, a professional securities service provider under the savings bank group, with the underlying crypto assets being jointly compliant custodied by DekaBank and Boerse Stuttgart;Prudent business principles: DSGV clearly states that this service is only available to customers who have the willingness to make independent decisions, and the savings banks themselves do not provide any investment advice, nor will they conduct extensive active promotion across the network, and will prominently indicate the high volatility and potential total loss risks of crypto assets at the product level.Tether Capital invests in AI chip unicorn Tenstorrent's $1.5 billion Series E financing: Tether Capital, the investment arm of the global stablecoin giant, officially announced its investment in the well-known AI chip and computing architecture company Tenstorrent's $1.5 billion Series E financing. This oversubscribed financing has significantly boosted Tenstorrent's post-investment valuation to $6.2 billion. Tether's official statement indicated that this strategic investment deeply aligns with Tether's overall landscape in artificial intelligence software, robotics, and decentralized payment fields, and is highly compatible with its QVAC platform, which focuses on local AI operation on terminal devices, effectively extending its investment reach into underlying processors and cutting-edge computing hardware systems.