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 Bitcoinโs 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 Trumpโs 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 familyโs 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
Baseโs 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 Visaโs global money transfer network, enabling real-time payments to bank accounts and mobile wallets. This partnership means Stableโs 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 PIONฮERS CIRCLE Community link
Porsche announced the termination of the Porsche Web3 project and the PIONฮERS CIRCLE community activities. Holders will retain their PORSCHฮ 911 NFTs, which will remain on the blockchain. The PIONฮERS 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.
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