on Wednesday, the Kinetiq Foundation officially launched the protocol's official governance token KNTQ. As the largest liquidity staking platform in the Hyperliquid public chain Layer 1 (HyperEVM) ecosystem, Kinetiq's current TVL has exceeded $1.6 billion.
according to Decrypt, Paxos CEO Charles Cascarilla said at the Federal Reserve's cryptocurrency roundtable on Wednesday that the company accidentally minted $30 trillion worth of PayPal stablecoin (PYUSD) last week due to an "internal technical error" and destroyed it all within 24 minutes. This amount exceeds twice the global GDP. Cascarilla attempted to redefine this event as a demonstration of the transparency advantages of blockchain, stating "This actually demonstrates the transparency that blockchain can immediately provide."
Dean Baker, chief economist of the British research institution CEPR, said that the U.S. CPI data for September may show a growth rate similar to that of August, with overall and core CPI year-on-year expected to be close to 3%, higher than the Fed's 2% target. The direction of changes in inflation levels may cause concern for the Fed, especially in a situation where the impact of tariffs has not yet been fully passed on to consumers.
Binance Alpha will launch aPriori (APR) trading at 18:00 on October 23, 2025. In addition, the Binance contract platform will launch the APRUSDT perpetual contract at 18:30 on the same day, with a maximum leverage of up to 50 times. All eligible Binance users can participate in the Booster activity to receive token airdrops. Please pay attention to subsequent announcements for specific information.
Sonic announced on the X platform: all nodes on the main network and test network must upgrade to version 2.1.2 immediately to avoid disconnection. This version introduces native cost subsidies and key security improvements. Before Sonic's main network is fully upgraded to Pectra compatibility, it replaces the early v2.1. It is suitable for validators, RPC providers, archival nodes, exchanges, and other node operators. After the upgrade, the nodes will continue to run on the current main network until a full transition is made on November 3, 2025.
the Japanese Financial Services Agency is advancing a financial product regulatory plan that aims to prohibit banks and insurance companies from selling virtual currencies, while allowing securities firms and other institutions to engage in virtual currency sales.
on October 23rd, Kyle Samani, a partner at Multicoin Capital, wrote an article on X, joining the recent hot discussion in the crypto community about privacy. He stated that assets are more important than privacy, and for 99% of people, the risks of volatility far outweigh the benefits of privacy. There are three main methods for achieving on-chain privacy: Trusted Execution Environment (TEE), Zero-Knowledge Proofs (ZKP), and Fully Homomorphic Encryption (FHE). When considering which method is optimal, three variables are very important: A, permissionless; B, able to execute any DeFi; C, scalability of algorithm + chip. However, TEE does not work in a non-permissioned environment, and ZKP fails in point B. He used the recent surge in the privacy project Zcash as an example, stating that when you submit an anonymous Zcash transaction, this transaction cannot actually be viewed or interacted with any other person's assets, making it impossible to engage in DeFi. FHE allows f
according to local information from the Bank of Korea (the central bank of South Korea) in Hong Kong, the number of stablecoin issuer license applications accepted by the Hong Kong Monetary Authority (HKMA) since August this year is lower than expected. The Hong Kong Monetary Authority stated that as of the end of September, only 36 institutions had applied. This number is even less than half of the 77 institutions that initially showed interest.
Binance announced that users with BinanceAlpha points greater than or equal to 240 can participate in the exclusive TGE event of aPriori (APR) through the Alpha activity page. Participating in this event will consume 15 points.
the market prediction platform Limitless posted on X platform that today it will allocate 0.2% of the token supply to designated users, including active traders in pre-Season 1 (trading amount greater than $200) and Atlantis World NFT holders. The tokens will be sent directly to the wallets of the relevant users without any action required.
7:00-12:00 Keywords: Polymarket, Hyperliquid Strategies, Stablecoins
Binance Wallet and Reveel have launched the sixth phase of the Booster program. Binance users with at least 61 Alpha points can participate in the activity and share 5 million REVA tokens as rewards. Tokens obtained in the Booster activity will be subject to lock-up periods set by the project party.
according to the crypto analyst Yu Jin's monitoring, a newly created wallet withdrew 8491 ETH from OKX in the past two hours, worth about $32.47 million, with an average withdrawal price of $3824.
Nordea Bank, a Swedish Nordic bank, has joined an alliance of nine major European banks to launch a stablecoin priced in euros.
Quantum Solutions, listed on the Tokyo Stock Exchange, announced that it purchased 2365 Ethereum in just 7 days. This move made it the largest Ethereum (ETH) holding company in Japan, and the company received support from Ark Invest.
according to CertiKAlert monitoring, the exploiters of Radiant Capital have deposited 2834.6 ETH (approximately $10.8 million) into the Tornado Cash mixer. Of these, 2213.8 ETH was transferred through the Arbitrum bridge by EOA0x4afb address in October 2024, while the remaining funds were obtained through DAI exchange.
Jupiter, a decentralized exchange aggregator based on Solana, is planning to fully launch its native prediction market product developed in collaboration with Kalshi in the fourth quarter.
UXLINK announced on X platform that it has reached a strategic partnership with Conflux Network Official. Conflux is a Layer-1 blockchain that is committed to transforming stablecoins and payment infrastructure to achieve a smooth user payment experience.
Golden Finance reported that, according to The Data Nerd monitoring, 30 minutes ago, the whale address 0x929 deposited 304,700 LINK tokens (approximately $5.28 million) into Binance (#Binance).
On October 23, it was reported that OKX's "Flash Earn" (formerly "Airdrop Earn Coins") will launch Meteora (MET), with a total reward of up to 750,000 MET coins. From 10:00 pm on October 23, 2025, to 7:00 pm on October 29 (UTC+8), users can purchase through USDT or OKB coins, not only earning basic currency returns, but also receiving additional new coin airdrop rewards.
