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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.

Illia Polosukhin, co-founder of NEAR, stated that recently the activity of developers within the ecosystem has increased and the development threshold has further lowered, focusing on what kind of applications to build and how to establish distribution channels.In this regard, he proposed a series of potential construction directions, covering AI electronic pets that combine NEAR AI on-chain verifiable reasoning with non-fungible tokens (NFTs), a universal checkout component that supports full-chain intent payments, a decentralized encyclopedia that combines prediction markets with AI-generated content, a privacy off-chain trading (OTC) market based on NEAR Intents and management of anti-liquidation lending and perpetual contracts, a cross-chain activity registration custody tool in the form of a staking deposit, privacy code review agents, enterprise equity structure management tools, Delta neutral strategy management, privacy tracking single transactions based on view keys, end-to-end encrypted medical auxiliary diagnostic systems, privacy voice transcription desktop applications, and AI benchmarking based on private test sets.Regarding product distribution, he suggested combining NEARLegion with community channels like X, achieving multi-chain wallet compatibility through Aurora Intent Connect to lower cross-chain thresholds, and actively expanding across communities and platforms like Product Hunt.

French President Macron will host a video call with G7 leaders this Friday to discuss measures to address the global crude oil and refined oil markets. Macron has spoken on the phone with U.S. President Trump and Canadian Prime Minister Trudeau, and has requested EU partners to release additional diesel stocks in response to U.S. supply demands.

HL HUB (Community) posted on platform X that Hyperliquid expects to receive its first AQAv2 reserve yield distribution tomorrow. Approximately $14.5 million in passive income generated from USDC reserves will flow into the Assistance Fund for the purpose of repurchasing HYPE.It is reported that the revenue sharing mechanism of AQAv2 stipulates that Hyperliquid stablecoin deployers must allocate 90% of the reserve income from the stablecoin to the Hyperliquid protocol, and these earnings will be used 100% for the repurchase and destruction of HYPE tokens.The stablecoin reserve income distribution is settled on a 30-day cycle, and the income will automatically transfer to the Assistance Fund on the 8th day after the cycle ends. The formal revenue accrual will begin on August 26, and the first income payment will occur on October 3.

According to Bitcoin.com, U.S. Federal Judge Jennifer L. Rochon dismissed the class action lawsuit against the organizers of the LIBRA project, Kelsier Ventures, the DeFi protocol Meteora, and related individuals, while also denying the plaintiffs' request to amend the complaint again.

According to Reuters, citing informed sources, EU countries discussed the U.S. request to release diesel stocks and the issue of the U.S. threatening to impose a diesel export ban during a meeting on Friday. The U.S. has requested that major European countries release 800,000 tons of diesel within six months.

According to official data from Bitget, the Bitget Peer-to-Peer program has distributed its first batch of rewards, granting a total of 1,907,455 USDT to 763,543 users within 3 days.It is reported that this event will last until October 26. During this period, Bitget will continue to establish a user-exclusive prize pool with 30% of the platform's trading fee revenue, offering trading rewards, asset rewards, and VIP exclusive rights to different user groups.

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 a report by Reuters, the International Monetary Fund (IMF) has approved a disbursement of $139 million to El Salvador, following the organization's exemption regarding the Salvadoran government's violation of conditions limiting further accumulation of Bitcoin. The IMF Executive Board completed the second and third reviews of El Salvador's $1.4 billion Extended Fund Facility (EFF), allowing for the immediate release of these funds.The IMF stated that El Salvador's economic performance has exceeded expectations, benefiting from improved security conditions and increased investor confidence. The IMF noted that some program performance standards were not met, including indicators related to Bitcoin holdings. However, after El Salvador took strong corrective measures and recommitted, the IMF approved the relevant exemptions.In September, IMF staff indicated that documents provided by El Salvador showed that the increase in Bitcoin following the initial review came from private donations rather than public funds. The IMF also stated that El Salvador has made progress in anti-money laundering measures, fiscal transparency, and transferring majority ownership and control of the state-owned digital wallet Chivo to private operators.

According to The Information, sources say that SpaceX's AI department had discussions with Microsoft over leasing computing power during the summer. This indicates that, after initial resistance, Musk has fully embraced the "new cloud" business.

EIP-8363 co-sponsor Jérôme de Tychey announced the withdrawal of the application to include the proposal in the Hegotá hard fork, and the discussion on the related issuance policy will shift to an independent topic.

According to Cointelegraph, a U.S. federal judge dismissed most of the claims made by the Celsius litigation administrator against the blockchain analytics company Chainalysis, but allowed one to proceed.U.S. District Judge Margaret Garnett of the Southern District of New York ruled on Tuesday, rejecting Chainalysis's request to dismiss the incitement charge, determining that the complaint sufficiently alleges that Chainalysis was aware that a press release issued by Celsius in 2020 contained false statements and assisted in disseminating that information.The court simultaneously dismissed 12 other claims with prejudice, prohibiting the plaintiffs from amending in this case; another 3 consumer protection claims were dismissed without prejudice, requiring the plaintiffs to amend or notify the court by October 20.The lawsuit was initiated by the Blockchain Recovery Investment Consortium (BRIC), which acts as the litigation administrator and claims manager for Celsius's bankruptcy estate, representing Celsius and some former clients in asserting rights. Chainalysis declined to comment to Cointelegraph.The core of the case revolves around a $3.3 billion "audit." In 2020, Celsius used Chainalysis's Reactor software to calculate its managed asset size and publicly announced the results as an audit.According to the complaint outlined by the court, a Celsius executive initially calculated approximately $1.18 billion in assets using Reactor, which later increased to about $3.3 billion due to adjustments in methodology.

According to The Defiant, U.S. District Judge Jennifer Rochon ruled to dismiss the class action lawsuit against LIBRA and M3M3 tokens, and it was a "dismissal with prejudice," meaning the plaintiffs cannot bring the same claims again.The judge found that the plaintiffs' reliance on a six-month issuance of Meme coins was insufficient to support the Racketeer Influenced and Corrupt Organizations Act (RICO) allegations; at the same time, the plaintiffs never listed Meteora as a suable entity.

According to Catcher Predict monitoring, in the market prediction event on Polymarket "LoL: Colossal Gaming vs Lodis - EMEA Masters Swiss Stage," the sub-market "Both teams kill one dragon" option's "Yes" win rate has experienced a sharp fluctuation, soaring from 51.5% an hour ago to the current 90% (a fluctuation of 38.5%). Please note the impact of related breaking news.

Solv Protocol recently released a statement regarding the controversy over single redemptions of BTC+, stating that the subscription and redemption mechanism for BTC+ is currently operating normally, and the related incident was triggered by a single transaction that activated risk control review.Solv indicated that the assets related to the involved BTC+ are still fully retained within the protocol and have not been transferred, destroyed, or disposed of, and are undergoing review according to established risk control procedures. The official emphasized that the handling of the case will be based on verifiable information and evidence, and judgments will not be made based on social media identities or unilateral public statements. If necessary, they will cooperate with legal and judicial procedures while continuing to ensure the normal operation of BTC+ with asset security and unified risk control standards.

The voting results of the Zcash third quarter token holder directed retroactive funding program show that both bounty proposals for Orchard fake currency vulnerability discoverer Taylor Hornby have been approved.One is for the $750,000 vulnerability bounty he applied for, and the other is a $750,000 additional bonus nominated by community members, totaling $1.5 million. The funded recipients will still need to complete the KYC and fund disbursement process.

The White House Artificial Intelligence Agreement shows that Nvidia, OpenAI, Anthropic, xAI, and Google will regularly discuss artificial intelligence safety standards.

Russian President Putin's envoy Dmitryev held "constructive" talks with U.S. officials on Monday to discuss a peaceful resolution to the Russia-Ukraine war.