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The co-founder of the real-world asset perpetual contract protocol Ostium, Kaledora, published a statement explaining the financial and revenue model of the protocol. She stated that approximately $44.7 million in total revenue over two years on Dune comes from four on-chain fees: $20.39 million in opening fees, $16.5 million in spreads, $4.75 million in rollover fees, and $3.35 million in liquidation fees.Of the aforementioned revenue, $22.14 million (49.6%) flows to the OLP treasury, $19.55 million (43.8%) is for liquidity costs, including $16.05 million for hedging and $3.49 million in hedging interest, leaving a gross profit of $2.96 million (6.6%). She noted that the total on-chain revenue does not include off-chain hedging costs, and prior to the liquidity upgrade in April, the protocol did not have the capability to monetize traffic; a security incident occurred just months after the system was upgraded.In terms of financing, Ostium raised $300,000 in 2022, $3.6 million in 2023, $4.1 million in 2024, and $19.4 million in 2025. The team is expected to expand from about 12 people in 2025 to 35 people by the second quarter of 2026, investing in costs related to data authorization, marketing, cloud infrastructure, auditing, and AI. She mentioned that the company has not reserved a balance sheet sufficient to cope with such incidents and that the silence has been too long. The next step will allow the remaining 345 OLP holders to share in business growth, with plans to announce the second phase recovery plan in the coming week.

Greek police dismantled a cryptocurrency investment fraud gang and arrested 17 people, including 9 military personnel. Preliminary investigations by the police show that about 10,000 people participated in the investment, with an average investment of around 800 euros per person, and the amount involved is estimated to exceed 8 million euros.The gang operated by recruiting new members to obtain higher returns, exhibiting clear "pyramid" characteristics. In addition, the gang recently froze the withdrawal function and claimed that investors could receive double their principal back after 50 days if they doubled their investment. The police have currently seized about 280,000 euros, and the investigation is ongoing.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 68, down 3 points from yesterday. The average for the past 7 days is 71, and the average for the past 30 days is 68.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 71, down 2 points from yesterday. The average over the past 7 days is 72, and the average over the past 30 days is 67.

According to Cointelegraph, the New York State Department of Financial Services (NYDFS) and the Wyoming Division of Banking announced the signing of a Memorandum of Understanding (MOU) to coordinate the regulation of cryptocurrency companies operating in both jurisdictions, covering license approvals, inspections, and potential enforcement actions. This agreement applies to businesses already regulated in either state, as well as companies seeking approval in both locations simultaneously.Under the agreement, the regulatory agencies in both states will share analytical results and historical inspection data to streamline the application process, coordinate inspection timelines, and promote joint inspections of companies operating across state lines. For businesses already regulated in one of the states, holding an existing license or charter for at least three years, and not subject to enforcement actions, the agreement provides an expedited approval pathway, with the second regulatory agency striving to make a decision within six months.The MOU also establishes a mechanism for sharing regulatory reports, market trend data, and notifications of potential enforcement actions, with regulatory agencies regularly sharing investigative information and being able to take joint, coordinated, or separate enforcement actions. This move connects two states that have historically taken different approaches to cryptocurrency regulation: New York has maintained the BitLicense regime since 2015, while Wyoming has accommodated digital asset businesses through cryptocurrency-related laws, regulations, and specialized banking charters.

According to CoinDesk, the government of Illinois has reached an agreement with the Digital Chamber of Commerce and the Illinois Blockchain Association to postpone the 0.2% cryptocurrency tax, originally set to take effect on January 1, 2027, by 6 months to July 1, but still requires approval from a state circuit court judge.If the postponement is approved, both parties will temporarily suspend their request for an emergency injunction and continue litigation regarding the compliance, enforceability, and constitutionality of the tax law.

According to a recent interview with Time magazine, U.S. President Trump stated that if a satisfactory agreement cannot be reached with Iran, the U.S. may intensify bombings against Iran after the midterm elections.Trump also acknowledged that the stockpile of certain types of ammunition has decreased and stated that arrangements have been made with defense contractors to replenish ammunition and expand production capacity.

According to the official announcement, Gate will hold an F1 Red Bull driver meet-and-greet during TOKEN2049 in Singapore on October 7. As the official sponsor of the F1 Red Bull Racing team, Gate invites F1 World Champion and Red Bull Racing driver Max Verstappen along with teammate Isack Hadjar to appear at the Gate Lounge, where they will interact with fans through signing sessions and photo opportunities.According to the event schedule, the meet-and-greet will take place on October 7 from 18:30 to 19:30, with both drivers present at the same time, allowing guests to complete signing and photo sessions in turn. This event is also part of Gate's series of activities at TOKEN2049 Singapore, where Gate aims to further expand the connection between digital assets and global sports and popular culture through cross-industry collaboration with top motorsport.From October 7 to 8 during TOKEN2049 in Singapore, Gate will also set up a brand booth and exclusive Lounge on-site. Gate's founder and CEO Dr. Han will deliver a keynote speech on the main stage of the event. Through the global influence of the F1 Red Bull Racing team, Gate will extend the reach of its digital asset brand into a broader international sports context, further promoting the exchange between Web3 and mainstream culture.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 73, up 1 point from yesterday. The average over the past 7 days is 72, and the average over the past 30 days is 67.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 72, down 2 points from yesterday. The average over the past 7 days is 72, and the average over the past 30 days is 67.

The decentralized lending protocol Abracadabra initiated a vote on Snapshot, proposing to liquidate the entire protocol, converting the remaining collateral assets into ETH, and proportionally compensating MIM stablecoin holders. The team estimates that the recoverable asset support is approximately 900,000 USD, while the scale of bad debts borne by the protocol reaches up to 21 million USD.According to the proposal, MIM holders are expected to recover only about 0.04 USD for every 1 USD of face value. If the vote passes, Abracadabra will officially enter the liquidation process, and the remaining collateral will be converted into ETH for compensation.

The mediator is promoting an agreement between the United States and Iran and is expected to submit the latest draft of the temporary agreement to Iran. According to the terms, Iran will allow ships to pass freely through the Strait of Hormuz, while the United States will lift the blockade on Iranian ports.Subsequent measures include the United States restoring oil exemptions, allowing Iran to sell oil, and the return of International Atomic Energy Agency verification personnel to Iran.

The White House announced the establishment of an independent committee responsible for overseeing the implementation of the artificial intelligence agreement and receiving reports from the operational control team as well as internal and external auditors and evaluators.

Artificial intelligence startup Anthropic disclosed in its confidential IPO filing that it has signed an agreement with SpaceX to pay up to $84.5 billion for AI computing resources based on NVIDIA chips by 2029.The agreement can be terminated with 90 days' notice.

Former White House economic advisor and founder of Geopolitica Institute Pippa Malmgren stated in an interview published by Bitcoin Magazine that the core of the security agreement between the United States and Greenland is not the ice sheet or minerals, but the space race. She pointed out that missile tracking and satellite ground stations give the Arctic region critical strategic value and believes that Diego Garcia and the Chagos Islands will be the next focal points.Malmgren then linked geopolitics to the market, discussing U.S. debt, China's selling of U.S. Treasury bonds, and the future of Bitcoin. She mentioned that the U.S. debt-to-GDP ratio has reached 100% and analyzed the government's plan to escape debt through growth, as well as the reasons behind China's reduction of U.S. Treasury holdings.She also discussed the nationalization of cutting-edge AI laboratories and AI security, the evolution of currency from fiat to digital currency, the application of stablecoins and Bitcoin in AI agent scenarios, and topics such as Austin becoming the "new Shenzhen."

The European Securities and Markets Authority (ESMA) updated the MiCA registration list, with BCash, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank becoming the first registered cryptocurrency service providers in Greece. The list added six institutions from Germany, France, and Slovenia, bringing the total number of registered institutions to 359.The Hellenic Capital Market Commission (HCMC) is responsible for regulating the first three institutions, while the Bank of Greece is responsible for regulating Piraeus Bank. HCMC denied that its officials communicated with European Central Bank (ECB) officials regarding Binance's MiCA application in Greece and also denied making any statements about Lagarde intervening in that application; Binance withdrew its application on June 24.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 74, down 1 point from yesterday. The average over the past 7 days is 72, and the average over the past 30 days is 67.

The lending agreement indicates that Spark has allocated $210 million in loans to institutions collateralized by Bitcoin, with the related Bitcoin held by the digital asset custodian Anchorage Digital. Institutions can borrow USDC while the pledged assets remain with a qualified custodian.Spark provides the loan funds, and Anchorage Digital manages the collateral through the Atlas platform. Atlas is its automated network that offers round-the-clock margin monitoring, settlement, and third-party services within a regulated custody framework.

AI startup Firmus announced a partnership with Meta Platforms to reach an artificial intelligence infrastructure agreement regarding GPU computing capabilities for the Firmus AI factory in Southeast Asia.

Market news reports that AMD has agreed to acquire Fei-Fei Li's artificial intelligence startup World Labs for $8.2 billion.