Author: 行政

Drift Protocol opened claims and redemptions for its DFX recovery token on Oct. 1, giving victims of its April exploit a way to receive the USDT stablecoin from the Recovery Pool. The exit has a permanent tradeoff: redeemed tokens are burned and no longer share in future deposits.In its launch announcement, Drift described a payout of about 0.0104 USDT per DFX from a pool holding roughly 3.1 million USDT. Because victims receive one DFX for each USDT of verified loss, that launch rate represented about 1.04% of the corresponding loss. Those are Oct. 1 figures; a redemption pays the rate…

The Ethereum Foundation’s Oct. 1 announcement that zkAPI is running on mainnet gives the private AI-payment design coauthored by Davide Crapis and Vitalik Buterin a concrete financial-control test: how does a user get unspent money back when the billing server stops cooperating?zkAPI, a billing system for metered APIs, documents an onchain withdrawal route that does not require the server’s clearance. But a user’s ability to recover a balance depends on which spending state they hold and whether they can start an exit in time. The implementation’s pause powers and expiring notes put boundaries around that control.Open Anonymity built the implementation…

Lido’s proposed route for running larger Ethereum validators would require a 32 ETH entry bond, compared with 2.4 ETH for its existing default route. That higher collateral can become more efficient once enough stake is allocated to the validator, but an operator’s profile and place in the funding queue determine how useful the advantage is.The October 1 deployment plan outlines Community Staking Module 0x02, a separate module for permissionless operators alongside the existing 0x01 route. It would support compounding validators with up to 2,048 ETH of effective stake, compared with 32 ETH for existing-route validators. Each validator is identified by…

On Oct. 2, the SEC approved the Cboe BZX exchange’s listing proposal for VS Trust’s 3x Bitcoin ETF and 3x Ether ETF. The decision clears an exchange-rule hurdle for products sponsored by Volatility Shares that seek amplified daily crypto futures exposure.The order covers six funds, including products tied to gold, silver, crude oil and natural gas. It advances the proposal CryptoSlate covered in August, when the exchange was still seeking permission.For brokerage investors, the change opens a listing path for a higher daily leverage target. Cboe’s generic commodity-trust standards exclude products that seek specified multiples of a benchmark, so these…

When you hold a dollar stablecoin, somebody else may be earning interest on the assets backing your balance, while a company borrowing to buy Bitcoin has to find the money to pay its lenders.Both businesses are crypto-native, but a higher interest rate can reward the first and eat into the economics of the second.That split gets lost when every move in Treasury yields becomes a verdict on whether money is getting easier or harder for the whole industry.Different rates reach different businesses through their contracts, so a bond-market move that discourages investors from buying speculative assets can also improve the…

Binance will require Brazilian users to provide additional information for cross-border crypto transfers starting Nov. 1.The exchange said customers sending crypto abroad or receiving it from nonresidents must disclose the purpose of each transfer and identify the counterparty type. Corporate accounts must also say whether the other party belongs to the same economic group.Binance will report the transactions monthly to Brazil’s central bank under Resolution BCB No. 521/2025, which brings international virtual-asset transfers into the country’s foreign-exchange framework.The requirement creates a new compliance checkpoint for cross-border crypto flows. Withdrawals cannot be submitted until the questionnaire is completed, while incoming deposits…

Here’s a hypothetical scenario: you want to use $100 out of your bank account to buy newly issued stablecoins. The company issuing the stablecoins takes your dollars, puts them in its own bank account, and gives you a balance you can send around on a blockchain.You got the product you wanted, and somewhere in the vast and confusing realm of banking, the $100 is still there.From a distance, this looks like something banks shouldn’t worry about. Sure, they lost a deposit, but they also got a deposit back, so why do bankers keep warning that stablecoins could drain the financial…

The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms.American Banker reported that the complaint asked the court to vacate the OCC’s national trust bank rule and Interpretive Letter 1176. It argued the agency exceeded its authority by widening limited-purpose trust charters for fintech and crypto firms.ICBA says the OCC has approved or conditionally approved 21 trust banks, 13 of them tied to crypto.Banks lost the applicant-by-applicant fight against crypto firmsBanking groups objected company by company, and…

CAC Grading CEO and Founder John Albanese A private auction tied to a limited CAC Grading label issue has generated a six-figure sum that will be distributed to nonprofit numismatic organizations and other charities. The fundraiser involved 20,000 certification labels bearing the autograph of CAC Grading founder and CEO John Albanese. Authorized modern bulk submitters competed for the labels, with the winning bid providing the money now earmarked for charitable giving. Coin clubs and other nonprofit numismatic groups are being invited to apply for a share of the proceeds. Requests must reach Albanese by Oct. 31 and should explain the…

Companies can own a mountain of US government debt without betting that bond prices will rise. Hedge funds buy Treasury securities and sell futures against them to collect a small pricing gap, borrowing most of the purchase money to make the return worthwhile.The government gets another buyer, whose interest lasts as long as the trade pays.The catch is that the loan can expire tomorrow while the trade needs longer to pay off. The government’s ability to repay its debt doesn’t solve the fund’s need to repay its lender.This is the Treasury cash-futures basis trade, and the sums involved are large…