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In Brief YZi Labs invested $50 million in stablecoin network BPN for global payment expansion. BPN aims to reduce finance transfer times, lowering costs with innovative technology. BPN targets providing regional stablecoin support in emerging markets by year's end.
Nexchain AI leads October 2025's top crypto presales with Testnet 2.0 launch, 100% bonus, and $5M airdrop rewards.1. Nexchain AI: A Revolutionary AI Blockchain in the Spotlight2. HuntFi: Move-to-Earn Meets AI in a Telegram-Powered World3. LivLive: Turning Real-World Activity Into Blockchain-Powered Rewards4. Mono Protocol: Simplifying Blockchain With Chain Abstraction
Nexchain AI advances its crypto presale with Testnet 2.0, offering 100% bonus, AI-driven security, and $5M airdrop rewards.Testnet 2.0 Begins the Road to Full Ecosystem ExpansionAI-Based Infrastructure Designed for Enterprise-Grade UtilityPresale Progress Continues Through High-Demand Funding StagesCommunity Rewards Through Ongoing Airdrop Campaigns
DeFi leaders like Aave and Synthetix are boosting Ethereum L1 as chains like Ronin and Celo shift to L2s.DeFi Leaders Reignite Ethereum Layer 1Chains Pivoting to Layer 2sEthereum’s Role as the Base Settlement Layer
- 00:41Tether faces a $44.7 million stablecoin freeze lawsuit, with the plaintiff claiming missed investment opportunities due to non-compliant freezing actions.ChainCatcher reported that recently, Texas-based consulting firm Riverstone has officially filed a lawsuit, accusing stablecoin issuer Tether of illegally freezing its tokens and causing it to miss significant investment opportunities. According to the complaint filed with the Southern District Court of New York, Tether froze assets in eight offline wallets controlled by Riverstone. The plaintiff claims that Tether froze the assets solely based on a request from a local police station in Bulgaria, which constitutes a procedural flaw, as it did not follow the formal procedures stipulated by the "Bulgarian International Judicial Assistance Treaty." The complaint states that when Riverstone contacted Tether, it was told to communicate directly with the Bulgarian police, but the police never responded. Currently, Tether's stablecoin circulation exceeds 180 billions USD, and as of September 15, it has cooperated with global law enforcement agencies to freeze 3.2 billions USD in USDT.
- 00:34JPMorgan and Goldman Sachs expect US initial jobless claims to decrease week-on-weekJinse Finance reported that analysts from JPMorgan and Goldman Sachs estimate that the number of initial jobless claims in the United States may have decreased last week, but many people remain unemployed due to weak hiring. According to their estimates, in the week ending October 11, the seasonally adjusted number of initial jobless claims across states dropped from 235,000 in the previous week to 217,000. (Golden Ten Data)
- 00:29JPMorgan: Recent market correction may be driven by native crypto investorsChainCatcher news, according to The Block, JPMorgan analysts stated that last week's significant correction in the crypto market, accompanied by large-scale liquidations, may have been driven by native crypto investors rather than institutional or retail ETF holders. The report shows that spot Bitcoin ETFs, which are favored by traditional retail investors, showed "almost no signs of large-scale liquidation," with net outflows of $220 million, accounting for only 0.14% of total assets under management; Ethereum ETF net outflows were $370 million, accounting for 1.23%. Meanwhile, CME Bitcoin futures saw almost no liquidations, while CME Ethereum futures experienced significant deleveraging, possibly reflecting that momentum traders "substantially reduced their risk exposure." In contrast, perpetual futures favored by native crypto traders saw significant deleveraging, with open interest in Bitcoin and Ethereum perpetual contracts dropping by about 40%, a decline greater than the price drop of these two assets. Analysts believe that native crypto investors were the main driving force behind last week's market correction, while non-native crypto investors mostly remained on the sidelines.