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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.

European Central Bank Executive Board member Isabel Schnabel stated that central bank money must be on-chain; otherwise, the tokenized market will increasingly rely on private or foreign currency settlement assets.CoinDesk cited her viewpoint, stating that in the absence of on-chain central bank money, the settlement of the tokenized market will shift more towards privately issued assets or foreign currency-denominated assets. Schnabel believes that bringing central bank money on-chain helps maintain the settlement anchor role of public money in a tokenized environment.

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.

The Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, issued a statement saying that the Commission proposed a plan this week to fill the regulatory gap regarding the custody of cryptocurrency assets by investment advisors and funds, providing a clear custody framework and compliance path for an asset class with increasing client demand.Atkins stated that the existing custody rules under the Investment Advisers Act of 1940 and the Investment Company Act of 1940 were established before the advent of the internet, primarily targeting traditional assets and requiring the use of approved custodians. The custody capabilities for new cryptocurrency assets often lag behind the launch of the assets by several months. This proposal aims to address this issue while updating the custody rules for advisors and regulated funds that have not been revised for decades to align with current industry practices and feedback.The statement noted that this proposal is part of the SEC's regulatory framework for cryptocurrency assets. Related efforts include stopping the replacement of regulation with enforcement, issuing a no-action letter regarding the pilot program for the tokenization of securities by custodial trust companies by December 2025, publishing a classification description for tokenized securities in January 2026, and subsequent initiatives regarding the securities attributes of cryptocurrency assets, broker registration, Regulation Crypto Assets, and innovative exemptions for trading tokenized NMS stocks. Atkins indicated that more regulatory proposals will be forthcoming.

At 00:23:40 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana chain.

According to Cointelegraph, BNB Chain has become the first blockchain for tokenized stocks and ETFs to surpass a market capitalization of $1 billion. Data from Token Terminal shows that the total market capitalization of tokenized stocks and ETFs rose from $2.87 billion in August to approximately $3.35 billion in September, an increase of about 17%.The market capitalization in this field on BNB Chain reached $1.1 billion, accounting for about 30% of the $3.7 billion market, followed by Ethereum at $828 million, accounting for 22%, and Solana at $738 million, accounting for 20%. A report from Binance Research stated that BNB Chain also leads with 1.8 million addresses holding tokenized stocks, representing 45% of the total, with its network supporting products such as Binance bStocks and Ondo Global Markets tokenized securities.Tokenized stocks and ETFs have grown more than five times from $719 million in January, when Ethereum accounted for about 48%, Solana for 31%, and BNB Chain only for 13%.

THORChain announced that the ZEC liquidity pool is now live, and the network has completed a node rotation, with all nodes beginning to monitor the Zcash chain.THORChain stated that trading functionality will be the next step; currently, liquidity is shallow, and early traders should be aware of risks such as slippage. Previously, THORChain added native support for Zcash in the protocol upgrade, including UTXO handling, RPC logic, and ZEC price oracles, and continues to advance mainnet integration.

According to The Block, the European Central Bank has proposed three models for introducing central bank digital currency on the blockchain, including direct issuance, establishing bridging mechanisms, and implementation through private intermediaries.These models can provide settlement support for transactions such as tokenized securities, bank deposits, and stablecoins on distributed ledger technology networks.

Bitwise CEO posted on the X platform that the Bitwise Chainlink ETF has received inflows for three consecutive days, with assets under management exceeding 68 million dollars.

According to Whale Alert monitoring, the USDC Treasury address minted 250 million USDC on the Solana chain, worth approximately 250 million USD.

HIVE Digital Technologies Executive Chairman Frank Holmes stated in an interview with Bitcoin Magazine that governments around the world will continue to print money, potentially reaching 100 trillion dollars, which makes him optimistic about Bitcoin and gold. He pointed out that Bitcoin miners already possess the electricity, land, and substations required for AI, and referred to Bitcoin mining as a "tier one data center."Holmes introduced that HIVE had previously used GPUs for mining Ethereum to enter the AI field, and he believes the next wave of AI factories will be built on mining infrastructure from Paraguay to Canada. He also discussed how ETFs can transform Bitcoin from "fear trading" to "love trading," as well as how players and the younger quantitative trading community are driving Bitcoin adoption.Additionally, he mentioned Binance's 19 billion dollar liquidation and 350 trillion dollars in money supply, 40 trillion dollars printed during the COVID-19 pandemic, global MMT risks, Bitcoin mining in China with 1.4 trillion dollars in loans, central banks purchasing gold, the Central Bank of Paraguay and Bitcoin mining exports, and computing power as a commodity, along with Canada's AI advancements and the electricity advantages of Bitcoin miners.

Zano disclosed that there is a validation deficiency in the Gateway Addresses introduced by Hard Fork 6, allowing attackers to mint approximately 18.4 million ZANO in a single transaction, and on September 25, they minted the same amount again, also minting fUSD in the same manner.The project team stated that the value of the related fraudulent tokens exceeds 200 million dollars, with potentially affected activities involving 117,941 outputs and 65,301 transactions. Zano has restored the chain state from block 3,833,000 and disabled the Gateway Addresses, and the affected balances will be fully restored, with the ZANO supply and issuance plan remaining unchanged.

Arkham stated that it has tagged Robinhood's wallets on 12 blockchains, covering the Bitcoin network and Robinhood Chain, with a total value of approximately 24.96 billion USD in related crypto assets. This includes 185,185 BTC, valued at approximately 15.59 billion USD, and DOGE valued at approximately 2.88 billion USD.

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.

Renzo Finance responded to the MetaMask infrastructure security incident, stating that the risks and liquidity of its latest product, Renzo Basis, will not be concentrated in stablecoins or vaults and can be fully verified through on-chain data. Therefore, users do not need to rely on trust in Renzo to confirm that they are not affected by the incident.Renzo stated that ezETH will only be supported by native ETH starting from April 2026. Currently, there are only 214.75 stETH in the withdrawal queue (accounting for 0.5%) with valid claims.Previously, MetaMask indicated that it is handling a security incident affecting some infrastructure, and no immediate threat to MetaMask wallets has been identified. As a precaution, MetaMask is coordinating with customers, partners, and security consultants to proactively withdraw affected validators from its non-custodial staking business and will provide further updates in due course.

Animoca Brands' projects Moca Foundation and Moca Network announced the launch of the Moca Chain mainnet, which supports users and AI agents in sharing verifiable credentials across different applications. Users can store credentials and decide when and where to share them.Moca Chain allows institutions to issue tamper-proof credentials associated with unified digital identities, covering information such as identity verification and membership. Moca Network also launched AIR, providing a unified entry point for businesses to access users and AI agents while reducing the need for sensitive information storage. Moca Network disclosed that the AIR ecosystem has incorporated over 9 partners, including SK Planet, Biletinial, Oyunfor, Open Campus, OneFootball, Automobili Lamborghini, Inveo Kripto, Plume, and Nansen, with plans to complete integration by 2026.

Google (GOOG.O) CEO Sundar Pichai announced the launch of Gemini 4 Argon.