funds

Digital asset media Generation Infinity (Genfinity) reported on October 2, 2026, that Luxembourg has confirmed that investment funds can issue shares natively on distributed ledgers, with relevant units existing only in token form. The account also stated that Luxembourg is the largest investment fund jurisdiction in Europe and the second-largest fund center in the world.The above confirmation corresponds to the first version of the "FAQ - Tokenisation" released the same day by the Luxembourg Financial Supervisory Authority (CSSF). The document clarifies that Luxembourg collective investment undertakings (UCI) can use distributed ledger technology to issue native shares or stocks that exist only in token form, but the operational model must comply with the applicable regulatory framework. Issuing on a distributed ledger does not determine the legal form of the underlying securities, and the relevant shares or stocks can be issued in registered or paperless form.

On-chain liquidity protocol Arrakis Finance released a study tracking the on-chain buying records of 10 tokenized dollar yield products, using Ethena's sUSDe as a benchmark. The study covered 71,697 buyers with a total buying amount of 91.3 billion dollars. Of the 12.4 billion dollars in categorized demand, about two-thirds came from protocols and DAO treasuries, while the remainder came from individuals, exchanges, market makers, and crypto funds, with no purchases clearly traceable to traditional financial institutions such as pensions, asset management firms, or banks.Wallets with single purchases of 1 million dollars or more accounted for about 4% of buyers but held approximately 93% of the funds; among them, 2,586 buyers contributed over 90% of the nominal purchase amount. The median purchase amount for institutional buyers of Centrifuge's JAAA was about 29.1 million dollars, nearly three times that of the next product. About 80%, totaling 17.4 billion dollars, was settled in USDC, while USDT accounted for about 4.4 billion dollars, almost all of which was used for syrupUSDT. Primary subscriptions were the main pathway, with secondary market purchases accounting for less than 6%, and only sUSDe had 55% obtained through decentralized exchanges.The median first activity time for buyer wallets concentrated around mid-2024, described as new entrants of crypto-native funds. By time zone, Europe, the Middle East, and Africa accounted for 42%, Asia-Pacific for 40%, and the Americas for 18%. After tracing back two hops for 5.17 billion dollars of unmarked institutional-level funds, exchange sources accounted for 40% (Binance 1.12 billion dollars, Coinbase 970 million dollars), DeFi native funds accounted for 38%, and another 22% could not be identified.

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.

NEAR co-founder @ilblackdragon revealed on the X platform that the recovery of stolen funds from NEAR Intents was mainly due to the AI security layer SHIELD on Intents, as well as some proactive investigative work.The Intents team identified the responsible party and established communication within less than 24 hours of the hack, successfully recovering the funds in full today at 14:30 UTC.@ilblackdragon also stated that NEAR will continuously strengthen its security systems and further adapt to the ever-changing cybersecurity landscape. While AI may accelerate the exploitation of vulnerabilities, it can also help us defend against them. It is hoped that the entire industry will respond with vigilance and feel the same sense of urgency to collaborate together.

According to The Defiant, the asset tokenization protocol Centrifuge has confirmed that three tokenized funds JAAA, JTRSY, and HYB have been launched on Arc.These three funds cover U.S. Treasury and credit assets, and direct participation in fund investments is limited to non-U.S. professional investors.

Bitcoin Treasuries posted on platform X that Strive's SATA Bitcoin accumulation has been initiated, and sufficient funds have been raised to purchase over 1,270 Bitcoins this week. STRC is approaching a face value of 100 USD.

Linea's official statement indicates that some validators supporting the Yield Boost treasury are withdrawing as a precaution due to the MetaMask staking incident. Linea emphasizes that the funds and control of the staking treasury itself have not been affected.The impact of this incident is that during the period when relevant validators withdraw and are replaced by new validators, the net staking rewards that provide funding sources for ecosystem incentives will temporarily decrease. Linea stated that it is closely monitoring the situation's progress.

QCP Capital released the latest market analysis stating that BTC has broken through the previous trading range of $82,500 to $85,700 that lasted for a week, reaching a high of $86,913 during the day, the highest since September 23. It is currently trading around $85,900, up 14.6% from the low of $74,968 on September 15. QCP pointed out that during this round of increase, the annualized funding rate for perpetual contracts was only 5.4%, indicating that the market was mainly driven by spot funds rather than leveraged trading. QCP believes that this round of BTC's rise diverges from traditional macro market signals. In September, the yield on the 30-year U.S. Treasury bond rose to 5.62%, and the 10-year yield reached 5.29% at one point, while gold recorded its worst month of the year. Although rising real interest rates typically put pressure on gold and risk assets, BTC still rose.QCP believes that this market trend is more consistent with concentrated capital trading driven by institutional fund inflows, regulatory catalysts, and technical improvements, rather than purely a currency depreciation trading logic. Regarding institutional funds and regulatory factors, the U.S. Bitcoin spot ETF recorded net inflows of approximately $3.5 billion and $2.6 billion in August and September, respectively. QCP noted that the innovative exemption policy released by the U.S. SEC on September 17 provided a new regulatory catalyst for the market, but since the CLARITY Act failed to pass in the Senate earlier, market structure legislation may be delayed until 2027. Therefore, current regulatory support comes more from the administrative level, and long-term policy certainty remains limited.In the options market, yesterday's options trading nominal amount was approximately $2.5 billion, involving 54 transactions with a nominal amount exceeding $5 million each. Among them, one client sold in batches call options expiring on October 30 with a strike price of $90,000, totaling over 4,000 contracts with a nominal amount of $346 million; at the same time, they actively bought call options with the same strike price expiring on November 27. QCP believes that this operation reflects that some traders are rolling their positions from October to November to position for the U.S. midterm elections, quarterly Treasury refinancing, and market volatility around the December Federal Reserve meeting.On the macroeconomic front, the Federal Reserve will hold a monetary policy meeting from October 27 to 28. QCP stated that after Federal Reserve official Williams said there was no need to rush to adjust policies further, and with the August core PCE coming in below expectations, market expectations for maintaining interest rates in October have warmed. However, the market still expects an approximately 80% probability of a 25 basis point rate hike in December. The U.S. non-farm payroll report for September, to be released tonight, will be an important short-term test, with the market expecting an increase in non-farm payrolls of 84,000 to 93,000, an unemployment rate holding at 4.1%, and an average hourly wage year-on-year growth rate expected to be 3%.On the technical front, the support level of $82,500 has been tested three times in the past week, while $87,400 is the location of the September high and is a key resistance for BTC to further challenge $90,000. The implied volatility term structure in the options market is in a contango state, with a 7-day implied volatility of 30.3 and a 90-day implied volatility of 37.1; the 30-day risk reversal indicator is approximately -2.5 volatility points, indicating an increase in demand for short-term put protection. QCP believes that although BTC shows resilience in a macro environment of rising real interest rates, the market is still mainly driven by capital flows and position changes, and it cannot yet be considered that macro risks have been eliminated. U.S. employment data, Treasury supply, and the intensive policy events in the coming weeks may still trigger market volatility.

According to Cointelegraph, NEAR Intents General Manager Alex Shevchenko stated that the team has confirmed the identity of the hacker behind the previous security incident and has given them a 48-hour deadline to return the stolen funds through "responsible disclosure."NEAR Intents previously suspended services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and NEAR Intents smart contracts. Preliminary investigations indicate that approximately $3.8 million in user funds were stolen in this incident, and the team has committed to fully compensating affected users.On-chain detective ZachXBT stated that the stolen funds were subsequently transferred to KuCoin and converted to Bitcoin across chains.

NEAR Intents released a security notice confirming that it has encountered an attack. Preliminary investigations indicate that the vulnerability originated from a defect in the interaction between the Omni deposit and withdrawal infrastructure and contracts. The contract vulnerability has been fixed, and core services are expected to be restored within 1 hour, with a commitment to fully compensate for the damaged assets.NEAR Intents stated that deposit and withdrawal services for multiple public chains, including BSC, Polygon, and TON, will be additionally suspended for about 12 hours. The relevant cases have been reported, and on-chain tracking has begun.Subsequently, on-chain detective ZachXBT indicated that NEAR Intents' BSC hot wallet experienced multiple abnormal outflows of funds, with the stolen funds transferred to KuCoin and further cross-chain to the Bitcoin network. The amount involved has exceeded 3.8 million USD.

MetaMask has released a follow-up statement regarding the previously disclosed infrastructure security incidents, stating that the team is continuously conducting investigations and addressing the issues.MetaMask stated that to ensure user safety, it has collaborated with relevant partners to take preventive measures and is currently withdrawing the affected validator nodes from its non-custodial staking business. According to the investigation results so far, there is no indication that MetaMask wallets or customer funds have been affected.This morning, part of the infrastructure of MetaMask's non-custodial staking business encountered a security incident. As a precaution, the validators operating on Lido have begun to withdraw.

Bitcoin Treasuries posted on platform X that Strive's SATA has reportedly raised enough funds to purchase over 400 Bitcoins.SATA is currently buying 90% of the daily Bitcoin mining output.

According to Fortune, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against two private fund cases, accusing the relevant fund advisors of raising funds under the pretext of investing in popular tech companies like OpenAI and SpaceX before their IPOs, but allegedly providing false information to investors and misappropriating some of the funds.The SEC stated that Meyer Global Management and its head Owen Meyer are suspected of raising at least $18.5 million from nearly 100 investors to purchase shares of companies before their IPOs, but misappropriated at least $1.27 million, including using fund money for personal consumption, paying entertainment expenses, and personal investments. Among them, the SEC accused Meyer of establishing a fund for investing in shares of OpenAI and SpaceX, but some of the funds did not actually hold the relevant assets.In another case, the SEC and federal prosecutors accused Beyond Alpha Ventures heads Christopher Dinelli and Jacob Frankel of raising over $8.7 million from 35 investors and falsely promoting that the fund held shares in companies like SpaceX and xAI.The SEC stated that the two provided false investment reports, with some of the funds being used for options trading, film investments, and personal use. The SEC emphasized that the accused tech companies and their management have not been found to have engaged in misconduct. Regulatory agencies have been continuously monitoring investment products that promote "acquiring shares before popular private company IPOs" and have launched multiple enforcement actions against relevant private fund advisors.

According to The Defiant, Ostium has announced the previous loss compensation arrangements and will officially open the compensation channel this Wednesday, with a total of 3,666 damaged wallets included in the disposal scope.According to the plan, 3,321 addresses with losses not exceeding $1,000 can receive full reimbursement, meaning that this group of small-scale victims can recover all their losses.The remaining 345 wallets collectively bear at least 86% of the total loss of approximately $23.8 million. These 345 addresses with significant losses can choose one of two arrangements: either receive a one-time payment of $1,000 directly or file a proportional claim for the portion of their assets that has not yet been recovered.

The Drift Foundation announced the progress of recovering funds from the security incident on April 1, where approximately $295.4 million in user assets were stolen. The foundation has hired Mandiant, zeroShadow, and SEAL 911 to conduct investigations and fund tracking, with Mandiant identifying the attackers as the North Korean threat organization UNC6862.The stolen funds were subsequently bridged to Ethereum, with approximately 130,259 ETH dispersed across four wallets. Of these, three wallets have not transferred any funds to date, holding a total of 107,165 ETH; the other wallet transferred about 23,094 ETH to Tornado Cash on July 23. The foundation stated that approximately $9.2 million of the stolen funds have been frozen, with the relevant funds previously transferred through Tornado Cash in August, but unfreezing and returning still require legal procedures.The Drift Foundation will transfer all assets recovered through freezing, bounties, or law enforcement to the DFX recovery pool and is assessing the subsequent path of the DRIFT token within the broader ecosystem. Additionally, the foundation has partnered with Bybit to launch a public bounty program, offering a 10% bounty for successfully recovered funds.

CoinBureau cites on-chain investigator ZachXBT, stating that suspected North Korean attackers are using Zcash to obscure the stolen funds from Bitget. Approximately 2,700 ZEC, worth about 3.8 million dollars, have begun to be transferred to Zcash's Ironwood.These stolen ZEC are being moved into a shielding pool, where transaction details can be hidden. In a security incident involving various assets totaling about 388 million dollars, approximately 18,900 ZEC, worth about 28.3 million dollars, were stolen. Previously, Bitget's CEO Gracy Chen expressed that she is "not very optimistic" about recovering the stolen funds.

According to on-chain data monitoring account Ember Monitoring, Bitget has opened withdrawals for the third day, and the peak of withdrawals has passed. Coupled with stablecoin fixed income activities and PoolX's ETH and BTC locked mining activities, the platform's funds have turned into net inflows.Since opening withdrawals yesterday afternoon, approximately 28,900 ETH has flowed in, while about 7,266 ETH has flowed out. The largest deposit address retrieved 20,000 ETH from Lido last night and transferred it to Bitget, valued at approximately 54.66 million USD, to participate in the ETH pool with an annualized return of 11.27%.Data shows that Bitget had a net inflow of approximately 9.47 million USD throughout the day yesterday, and from 0:00 to 8:00 today, the net inflow was approximately 31.73 million USD.

Bitwise Research Director Ryan Rasmussen interpreted the company's first institutional cryptocurrency adoption report in an interview. The report interviewed 15 major institutions, covering pensions, endowments, foundations, and sovereign wealth funds. During the period when Bitcoin fell from $125,000 to $60,000, none of the interviewed institutions sold off, with many choosing to increase their holdings instead.Rasmussen stated that these institutions view Bitcoin alongside gold as a tool to hedge against currency devaluation. Wells Fargo allocated a position of 2% to 3% in Bitcoin, while Fidelity and BlackRock provided a range of 2% to 8%. He noted that the launch of ETFs has made this round of the Bitcoin bear market shallower than previous ones, with weekly ETF inflows reaching as high as $2.5 billion, bringing a new wave of capital to the market.He also mentioned that sovereign wealth funds are selling gold to buy Bitcoin and believe that $60,000 constitutes the bottom of this round. He simultaneously pointed out that Bitcoin has low correlation with bonds, gold, and stocks.