WuBlockchain

Hyperliquid received its first $14.58 million USDC payment under the AQAv2 framework, adding a funding source for HYPE buybacks beyond trading fees. Under the mechanism, roughly 90% of cost-adjusted reserve yield generated on USDC supply is shared with the protocol and routed to the Assistance Fund, which purchases HYPE. The first payment covered a 30-day period.

Editor: Wu Blockchain
Verified as of October 3, 2026 (ET) | Coverage period: October 5–11, 2026 (ET)
The key events to watch this week:
Rates and energy dominate this week. Fed and ECB minutes will offer clues on further tightening, while U.S. services, oil inventories and consumer inflation expectations update demand and price pressures.
Monday, October 5, 10:00 a.m. ET | U.S. September ISM Services PMI
The services PMI rose to 55.4 in August, with new orders at 60.9 and prices at 72.6. Employment remained in contraction at 47.8.
September’s report will show whether demand and price pressures stayed elevated. An employment reading above 50 would also signal that services growth is beginning to support hiring.
Wednesday, October 7, 10:30 a.m. ET | EIA Petroleum Inventories for the Week Ended October 2
Middle East supply risks pushed Brent above $100 before the G7 announced the release of 100 million barrels of emergency oil and fuel reserves.
Further draws in crude and fuel inventories would support oil prices and inflation expectations. A meaningful build would indicate that emergency releases are easing supply pressure.
Wednesday, October 7, 2:00 p.m. ET | Minutes of the September Federal Reserve Meeting
The Fed voted 12–0 to raise rates by 25 basis points in September, taking the target range to 3.75%–4.00%.
The minutes will clarify the threshold and internal support for another increase. Broad backing for further tightening would raise the probability of an October or December move, while a preference to wait would make September’s hike look more like a one-off adjustment.
Thursday, October 8, 7:30 a.m. ET | Minutes of the September ECB Monetary Policy Meeting
The ECB raised its deposit rate by 25 basis points to 2.50% and revised its 2027 and 2028 inflation forecasts higher.
The minutes will show how policymakers balanced energy-driven inflation against weaker growth. Greater inflation concern would support European yields and the euro, while stronger growth concerns would reduce expectations for consecutive hikes.
Friday, October 9, 10:00 a.m. ET | Preliminary October U.S. Consumer Sentiment
U.S. consumer sentiment fell to 48.1 in September, while one-year and long-run inflation expectations rose to 4.6% and 3.4%.
October’s survey will show how energy prices are affecting confidence and inflation expectations. A further increase would add pressure on the Fed, while softer expectations would reduce the risk of the energy shock spreading into wages and spending.
Bottom line:
Both the Fed and the ECB raised rates by 25 basis points in September. Their minutes, together with the ISM Services PMI, EIA petroleum inventories and Michigan consumer survey, will shape expectations for further tightening, Treasury yields and tech valuations.

SEC Commissioner Hester Peirce: Strict Regulation Ended Up Favoring "Useless" Meme Coins
Outgoing U.S. SEC Commissioner Hester Peirce said in a September 27 interview with that people's right to protect their financial privacy should be respected. She noted that people are not normally required to expose all of their financial transactions to the public, and while blockchain offers transparency, that openness also makes privacy protections necessary.Peirce said that while law enforcement must still be able to do its job, protecting financial privacy in everyday life should be treated as the default rather than as a sign of suspicious activity.

Kraken parent company Payward and Singapore Gulf Bank (SGB), a fully licensed digital bank regulated by the Central Bank of Bahrain, have announced a strategic partnership. Payward has integrated SGB’s real-time, multi-currency clearing network, SGB Net, to provide institutional clients in specific jurisdictions across Asia and the Gulf region with 24/7 instant settlement. The service will initially support U.S. dollar transactions for select clients, with plans to expand to more clients and additional currencies. SGB will also connect to Payward’s Kraken Prime to access digital-asset liquidity and price trades for its own clients.

According to Bloomberg, OKX has filed with the U.S. Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform. OKXICE LLC, a joint venture between OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, plans to seek approval to offer tokenized shares of an initial 63 NYSE-listed companies, with issuers given 30 days before trading begins to opt out.
Last month, the SEC cleared the way for blockchain-based securities to trade in the U.S. under a temporary exemption framework. The digital assets must include full shareholder benefits, including dividends and voting rights. The OKXICE platform’s launch depends on the completion of the 30-day opt-out period and other requirements.

Binance will require Brazilian users to disclose the purpose and counterparty of cross-border crypto transfers from Nov. 1, CryptoSlate reported. Withdrawals cannot be submitted until the questionnaire is completed. Deposits may stay pending and, in some cases, be returned if the information is missing. Transfers between Brazilian residents are unaffected.
Binance will report the transactions monthly to Brazil’s central bank under Resolution BCB No. 521/2025. Transfers of up to $50,000 use a 10-purpose list; larger ones require one of 96 classifications. Some transfers are capped at $100,000 if the counterparty is not authorized in Brazil’s FX market.

In a new feature, The New York Times dispatched a reporter to Abu Dhabi to shadow @cz_binance following his release from prison. The report documents a wealth of previously unknown details—ranging from his life behind bars and royal diplomacy to little-known personal habits.

1. Japan’s NTA Officially Rolls Out KSK2 System to Strengthen Detection of Undeclared Crypto Asset Declarations link
Japan’s National Tax Agency officially launched its new-generation core tax system KSK2 on September 24, consolidating previously scattered data and applications for different tax types to strengthen tax information analysis and return verification. Citing tax authority documents, CoinPost reported that annual transaction reports from crypto asset exchanges, bank fund records and overseas tax information exchange data can be used to identify potential omissions in crypto asset transaction filings. Japan’s National Tax Agency confirmed the completion of the KSK2 system update on September 24, though the announcement did not disclose specific AI analysis rules targeting crypto assets.
2. Japan’s Ministry of Finance Establishes Research Panel for Real-Time On-Chain Government Bond Settlement link
Japan’s Ministry of Finance announced on September 30 the establishment of the “On-Chain Application Research Group” to study the feasibility of real-time settlement for government bond transactions, with its first meeting scheduled for October 8. Centered on the existing T+1 settlement system, the research group will analyze the pros, cons and implementation challenges of on-chain real-time settlement. Operated by the Ministry of Finance, it will host discussions with participation from the Bank of Japan and the Financial Services Agency. Members include professors Takahito Kato and Akira Kamo from the University of Tokyo, associate professor Junnosuke Shino from Waseda University, and private-sector strategist Shotaro Morita from an asset management firm. The Ministry of Finance noted that the United States already has money market fund products backed by treasury securities that can be traded on blockchains. The group will reference such cases and aims to compile key discussion points within the year.
3. South Korea’s Virtual Asset Market Cap Drops 33% in Half-Year to 58.9 Trillion Won link
Data from South Korea’s Financial Services Commission (FSC) shows that as of the end of June 2026, the total market capitalization of South Korea’s virtual asset market stood at 58.9 trillion won (approximately 43.4 billion US dollars), down 33% from 87.2 trillion won six months earlier. Over the same period, the average daily trading volume dropped from 5.4 trillion won to 3.1 trillion won, and the total KRW deposits held by traders fell by 35% to 5.2 trillion won. Nevertheless, the number of market users edged up 0.4% to roughly 11.17 million. As of the end of June, South Korea had 26 virtual asset operators, including 17 crypto exchanges.
4. South Korea’s FSC Proposes Expanding Tokenized Securities to Stocks, Bonds and Funds link
South Korea’s Financial Services Commission (FSC) has unveiled draft revisions to subsidiary regulations for security tokens (ST), proposing to expand the scope of tokenizable assets from fractional investment products such as non-monetary trust beneficial rights and investment contract securities to traditional securities including stocks, bonds and funds. The revisions to the Electronic Securities Act and the Capital Markets Act will take effect on February 4, 2027. The draft also stipulates that retail investors shall have an annual net purchase cap of 100 million won per over-the-counter trading platform for tokenized securities. Issuers may apply to act directly as account management institutions upon meeting requirements including a minimum capital of 4 billion won and deployment of qualified professionals. The draft will be open for public comment from October 2 to November 11.
5. SBI Completes Full Acquisition of Japanese Crypto Exchange Bitbank for Approximately 46.7 Billion Yen link
Japan’s major licensed crypto exchange Bitbank announced on October 1 the completion of its full subsidiary acquisition by SBI Holdings. Bitbank repurchased shares held by MIXI and Ceres, finalizing all previously planned transactions. Bitbank is now a 100% indirectly owned subsidiary of SBI Holdings. SBI previously disclosed that the total consideration for the share acquisition and capital increase was approximately 46.7 billion yen. Noriyuki Hirosue remains CEO of Bitbank. Bitbank stated that the transaction will not disrupt existing exchange services, and it will leverage SBI’s financial capabilities, customer base and resources to expand its digital asset business.
6. Philippine Central Bank Restricts Fiat Deposit Channels for Local Crypto Exchange Coins.ph link
The Bangko Sentral ng Pilipinas (BSP) has imposed a partial suspension on DCPay Philippines, the e-money entity behind Coins.ph, barring it from receiving incoming funds via InstaPay and PESONet, including personal transfers, InstaPay QR credits and InstaPay for Business. The restriction applies to DCPay’s peso payment and clearing operations. Coins.ph’s crypto trading business is operated by another licensed entity, Betur Inc., and is not directly suspended by the directive, though users’ peso cash-ins to Coins.ph via local banks will be affected. The regulatory order still permits DCPay to process outgoing transfers and QRPh merchant payments. Coins.ph’s official status page shows that the relevant InstaPay and PESONet cash-in services are currently under maintenance, while withdrawal services remain functional. Founded in 2014, Coins.ph is one of the Philippines’ leading local crypto platforms.
7. Malaysian Police Detain Two Men Suspected of Electricity Theft for Crypto Mining link
Police in Malaysia’s Perak state discovered a suspected Bitcoin mining site operating with illegally tapped electricity in Seri Iskandar and detained two local men for investigation. In a joint operation with Tenaga Nasional Berhad (TNB), authorities seized 30 Bitcoin mining machines, one router, one network switch and a roll of electrical wiring. The case is being investigated under Section 427 of the Penal Code and Section 37(1) of the Electricity Supply Act 1990. Police stated that crypto mining involving electricity theft is not only illegal but may also cause substantial losses to power suppliers and raise fire hazards.
8. Shinhan Bank and Solana Foundation Complete PoC for Corporate Cross-Border Stablecoin Remittances link
Shinhan Bank and the Solana Foundation have completed a proof-of-concept (PoC) for corporate cross-border stablecoin remittances based on Solana’s private solution, marking the first validation of this solution for remittance services by an Asian financial institution. Transactions are processed through a private channel accessible only to authorized participants; sensitive data such as counterparties and transfer amounts are not directly recorded on the Solana mainnet, while connectivity to mainnet liquidity is retained. The test covered the full workflow including corporate-initiated remittances, bank execution, fund conversion and transfer, receipt and refunds, and verified a processing structure without traditional correspondent banks.
9. Alpaca’s Singapore Subsidiary Receives In-Principle MAS License Approval link
Global brokerage infrastructure provider Alpaca announced that its Singapore subsidiary Alpaca Securities Pte. Ltd. has obtained in-principle approval for a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). Upon satisfying relevant conditions and securing the full licence, the firm plans to offer brokerage and custody services in Singapore and act as a regulated local counterparty serving financial institutions and fintech firms across Southeast Asia. Alpaca stated that Singapore will serve as its key hub for expanding into the Southeast Asian market. This in-principle approval is not equivalent to a full licence.
10. Commercial Bank of Dubai Joins Germany’s CBMT Tokenized Deposit Project link
Commercial Bank of Dubai (CBD) announced its participation in Germany’s CBMT tokenized deposit initiative, becoming the first bank outside Europe to join. It will enter the CBMT Sandbox to test corporate cross-border payments, trade settlement, treasury management and working capital optimization for the Europe-Gulf corridor. Driven by German banks, CBMT’s participants include Commerzbank, UniCredit, BNP Paribas and ABN AMRO, DNB. The core concept is to tokenize commercial bank deposits for on-chain settlement. Such assets remain on the issuing banks’ balance sheets, differing from stablecoins issued outside the banking system.
Follow us
Twitter: https://twitter.com/WuBlockchain
Telegram: https://t.me/wublockchainenglish

On October 2, the Japanese government announced a new round of sanctions against Russia, designating 33 entities and nine individuals—including Russian cryptocurrency exchange Garantex—under an asset freeze list that restricts payments and capital transactions with the targeted parties. Japan concurrently introduced service and financing restrictions targeting 35 vessels within Russia's "shadow fleet." Garantex was previously sanctioned by the United States, the European Union, and other jurisdictions for allegedly helping Russian entities evade financial sanctions.

Haseeb Qureshi: Ongoing Unlocks Are Eroding Confidence in Token Markets
Dragonfly Capital Managing Partner Haseeb Qureshi said in an August 28 interview with that ongoing token unlocks are hurting secondary-market confidence in some tokens, with many projects facing persistent sell pressure from multi-year unlock schedules. He said some strategic investors "dump their tokens the moment they get them," selling each batch as it unlocks throughout a four-year vesting period. This repeated selling discourages secondary-market investors from stepping in and can create the perception that a token is destined to trade "down only."

SEC Commissioner Hester Peirce: Financial Privacy Should Be the Default
Outgoing U.S. SEC Commissioner Hester Peirce said in a September 27 interview with that people's right to protect their financial privacy should be respected. She noted that people are not normally required to expose all of their financial transactions to the public, and while blockchain offers transparency, that openness also makes privacy protections necessary.Peirce said that while law enforcement must still be able to do its job, protecting financial privacy in everyday life should be treated as the default rather than as a sign of suspicious activity.

According to DefiLlama, 514 of 558 tracked blockchains generated less than $1,000 in fees over the past 24 hours, including 443 below $10 and 399 with zero fees. Only seven chains generated more than $100,000: Solana at $1.09 million, Tron at $922,900, BNB Chain at $793,900, Ethereum at $435,000, Bitcoin at $325,600, Base at $114,800 and Robinhood Chain at $100,900.

1. Tether-backed Utexo Plans to Issue USDT on Bitcoin Network This Month link
Utexo, backed by Tether, plans to issue USDT on the Bitcoin network this month. Viktor Ihnatiuk, co-founder of Utexo, stated that the firm has obtained a commercial license to issue USDT on Bitcoin and intends to provide APIs, SDKs and cloud infrastructure for exchanges, wallets and payment service providers. Built on the RGB protocol and Bitcoin’s UTXO model, Utexo keeps most transaction data off-chain. It focuses on three types of use cases: private USDT transfers, direct swaps between native BTC and USDT, and native BTC-collateralized lending without wrapping BTC onto other blockchains.
USDT was first launched on Bitcoin via the Omni protocol in 2014; Ethereum and Tron later became its primary circulation networks. Utexo also plans to extend support to the Lightning Network after the Bitcoin-based USDT goes live.
2. Ethereum Foundation and Open Anonymity Launch zkAPI to Hide API Payment Identities via Zero-Knowledge Proofs link
The Ethereum Foundation and the Open Anonymity Project have launched zkAPI, which uses zero-knowledge proofs to decouple API usage from payment identity and is now live on the Ethereum mainnet. Users first deposit limits such as ETH and USDC into an on-chain Vault. Afterwards, zero-knowledge proofs are used to authorize API access for a single request or an entire session. Service providers can verify payment validity without learning the specific source of deposits or payer identity, and the payment layer cannot view request content. zkAPI supports generating short-lived, rate-limited API Keys for compatible interfaces including OpenAI and Ollama, with settlement based on actual usage. Funds are held in smart contract custody, and users can withdraw on-chain by exiting on their own. The solution is currently mainly for AI inference and can be extended to RPC, image generation, VPN and machine-to-machine services. It cannot hide identity-related risks stemming from IP addresses, request timestamps or prompt content itself.
3. Trump Meme Coin Holder Dinner Scheduled for November 22; Top 185 Holders Eligible link
The promoter of Trump’s meme coin TRUMP, plans to host a holder dinner at Trump National Golf Club on November 22. The top 185 TRUMP holders by holdings qualify for attendance, with Trump listed as an event guest. Trump has attended similar events for TRUMP holders before. The token has slumped roughly 95% from its all-time high since launch, and its price once rose about 9% on the day the event was announced. Meanwhile, Democratic lawmakers are scrutinizing Trump and his family’s crypto businesses, stating they may launch further probes into such commercial activities if they gain control of either chamber of Congress after the November midterm elections. The White House previously stated Trump is not involved in day-to-day management of the family business and denied conflicts of interest stemming from his crypto ventures.
4. Aave Labs Submits ARFC Proposal to Establish Aave Foundation in the Cayman Islands link
Aave Labs has submitted an ARFC proposal to establish a memberless Aave Foundation in the Cayman Islands to hold, protect and license Aave trademarks, key domain names, protocol code and related intellectual property rights. This marks Phase One, covering only foundation registration and the appointment of independent directors, supervisors and a secretary. The DAO will bear reasonable registration, legal and setup costs, with no ongoing budget. Aave Labs and DAO service providers may not appoint or serve as directors or supervisors. Governance powers including protocol listings, parameter adjustments, budgeting and service provider selection remain with the DAO. Subsequent transfers of trademarks, domain names and code IP will each be submitted for governance review. The foundation will disclose held assets, operating expenditures and related legal actions on a quarterly basis.
5. Base Rolls Out Third Mainnet Upgrade Cobalt with Validity Transactions and Multiple B20 Features link
Base’s third mainnet upgrade, Cobalt, has gone live, introducing Validity Transactions and multiple B20 asset features. Validity Transactions allow users to pre-submit time-bound transactions that execute only when predefined conditions are met. The B20 standard adds Composite Policies, enabling rules such as KYC whitelists and sanction blacklists to be combined with AND or OR logic. Schedule Multiplier Updates support scheduled adjustments to asset balance representation, for example for stock splits. The new seizeWithMemo function empowers authorized administrators to reassign holder balances when the asset seizure mechanism is enabled, recording the source, destination, amount and memo on-chain. Base states that in the coming months it plans to cut block time from 2 seconds to 200 milliseconds, and natively support smart accounts, gas sponsorship and transaction batching at the protocol layer.
6. OP Enterprise Powers Soneium Operations, Committing to 99.9% Uptime link
OP Enterprise now supports the on-chain operations of Soneium. The Optimism Foundation and OP Labs will provide deployment, upgrades, sequencer, node infrastructure, daily monitoring and incident response support under a fully managed model, with a service level agreement setting a monthly uptime target of 99.9% and 24/7 emergency response. Soneium retains ownership of its blockchain, control over its roadmap and engineering participation. The team will continue advancing tokenized intellectual property and on-chain entertainment applications, including on-chain royalty distribution and IP tools for AI. Soneium previously ran on OP Stack. This partnership only covers fully managed operational support via OP Enterprise and does not include interoperability or cross-chain functions.
7. Stable Integrates with Visa Direct to Connect Stablecoin Settlements to Global Money Transfer Network link
Stable announced integration with Visa Direct, connecting its stablecoin settlement infrastructure to Visa’s global money transfer network, enabling real-time payments to bank accounts and mobile wallets. This partnership means Stable’s on-chain settlement can be further linked to traditional financial payment channels, providing an off-ramp for cross-border payments from stablecoin settlement to bank accounts and mobile wallets.
8. Balancer Community Approves Protocol Wind-Down via BIP-928 link
The Balancer community has passed BIP-928, approving the orderly wind-down of the protocol, while the fork proposal BIP-929 failed to pass. Existing pools will operate normally until October 30, with withdrawals available throughout the period. October 16 marks the deadline for partners to apply to designate V3 pools for extended operation until November 30. Starting October 30, pools will switch to withdrawal-only mode where contracts permit, and the bug bounty program will terminate concurrently. The V3 Vault will be suspended on November 30. BAL holders do not need to take immediate action. They are expected to burn BAL starting from late May 2027 to claim treasury assets proportionally. tetuBAL holders will receive BAL equivalent to 50% of their locked assets.
9. Blast to Cease Operations; Users Must Migrate Assets Back to Ethereum Mainnet by October 26 link
Ethereum Layer 2 network Blast announced its shutdown, stating that ongoing network maintenance costs now exceed the revenue generated by the L2, and no credible path to economic sustainability is available for the time being. Blast urges users to migrate their assets back to the Ethereum mainnet and plans to reduce withdrawal waiting time to 24 hours. Users may continue withdrawing assets via the regular interface before October 26; after that, assets can still be retrieved through the Blast Bridge contract on Ethereum L1. Blast launched in November 2023 and secured $20 million in funding at launch from investors including Paradigm and Standard Crypto.
10. Porsche Terminates Web3 Project and PIONΞERS CIRCLE Community link
Porsche announced the termination of the Porsche Web3 project and the PIONΞERS CIRCLE community activities. Holders will retain their PORSCHΞ 911 NFTs, which will remain on the blockchain. The PIONΞERS Discord server will be converted to a read-only archive to preserve community history and content, and the @eth_porsche X account will no longer receive ongoing updates.
Follow us
Twitter: https://twitter.com/WuBlockchain
Telegram: https://t.me/wublockchainenglish

According to @EmberCN, wallets associated with the TRUMP token team transferred about 81.87 million TRUMP to centralized exchanges including Binance and OKX over the past eight months, worth roughly $249 million at an average transfer price of $3.04. The team was initially allocated 800 million TRUMP, or 80% of total supply, and is estimated to still hold about 718 million tokens, equal to 71.8% of total supply and worth around $1.49 billion.

CZ Explains Why He Recommended Pausing Withdrawals After the Bybit Hack
On September 25, 2026, Binance founder CZ said in an interview with When Shift Happens that after Bybit was hacked, he publicly suggested pausing withdrawals as a more cautious security measure to prevent further abnormal outflows of funds. He said that while suspending services could disrupt trading continuity and inconvenience users, security risks should take priority. Bybit ultimately did not pause withdrawals and no further issues occurred, which, in his view, also showed that there is no absolute right or wrong in such situations and that the key lies in risk assessment.

According to Tokenomist, one-time unlocks exceeding $10 million over the next month include HYPE, BTW, ENA, ZRO, FF, XPL, APR, H, ARB, CARDS, SUI, CONX, and DBR. Linear unlocks exceeding $10 million per month include RAIN, SOL, CC, ZEC, TRUMP, WLD, ASTER, PUMP, AVAX, TAO, MORPHO, NEAR, STABLE, VVV, KITE, AERO, DOT, GRASS, and SN51. The total unlock value is expected to exceed $1.913 billion.

Bloomberg ETF analyst Eric Balchunas said the U.S. SEC has approved 3x leveraged Bitcoin, Ether, gold, silver, crude oil and natural gas ETPs under the Securities Act of 1933, calling it a major win for Volatility Shares. The document he shared shows approval of Cboe BZX's proposed rule change to list and trade the six products.

Ethereum co-founder and Consensys founder Joseph Lubin said a security incident affected part of its infrastructure, but investigations so far show no indication that MetaMask wallets or customer funds were affected. Users' recovery phrases and private keys were not involved. His team and partners rotated validator keys as a precaution. Lubin said validator and withdrawal keys are separate, and his team does not hold clients' withdrawal keys, preventing the incident from causing unauthorized transfers of staked ETH.

Tom Lee: Continued DAT Buying Could Push Crypto Prices Higher
On September 30, 2026, BitMine Chairman Tom Lee told CoinDesk at Korea Blockchain Week that digital asset treasury companies (DATs) trading above their net asset value can raise capital to buy more crypto, reducing available supply and potentially driving prices higher. Citing HYPE as an example, he said a Hyperliquid DAT holds about 14% of the token supply and continues to buy. If its holdings reached 50%, HYPE could rise parabolically. WuBlockchain notes that Tom Lee's market forecasts tend to be optimistic. His bullish targets may not materialize, and actual market performance may differ significantly from his predictions. Readers are encouraged to focus on his analytical reasoning rather than use specific price targets or timelines as a basis for investment decisions.