this year, there has been a huge change in the fee structure generated by mainstream Layer 1 blockchains. At the beginning of the year, Solana accounted for over 50% of the fees generated in mainstream Layer 1 blockchains, but now it has dropped to just 9%. This decrease is partly attributed to the fierce competition between Hyperliquid and BNB Chain. At the beginning of the year, the fees generated by Hyperliquid and BNB Chain combined accounted for about 10% of the total fees in mainstream Layer 1 blockchains. As of last week, their respective shares have now exceeded 40% and 20%. This shift may be due to multiple factors such as market demand, user preferences, and structural changes, all of which have had a significant impact on the flow of funds.
Tether is considering setting up an entity in the United States and participating in political donations related to the 2026 U.S. election. CEO Paolo Ardoino said the company is dissatisfied with the major political action committee (PAC) Fairshake in the crypto industry, calling it ultimately "serving the interests of a particular company".
Coinbase Institutional stated on X platform that Coinbase Prime is the exclusive custodian of BSOL for US trading. Our focus on institutional asset custody and compliance-first strategy is specifically designed to meet the needs of ETFs and ETPs.
the Beijing People's Procuratorate issued the "Typical Cases of High-quality and Efficient Performance of Financial Prosecution", disclosing a case of illegal foreign exchange crime using virtual currency as a trading medium.
the Solana Trust ETF (GSOL) under Grayscale will start trading on the New York Stock Exchange Arca tomorrow, becoming the second Solana ETF launched this week. It provides direct investment opportunities in SOL for US stock users, including potential staking rewards.
according to official sources, the unsecured credit lending agreement 3Jane announced that the mainnet is expected to go live, providing funding to USD3 and sUSD3 without permission. The initial limit is approximately $50 million, and initially only U.S. residents with total assets exceeding $150,000 can participate. Once fully launched, 3Jane will cover over 50 widely used categories of native crypto assets, encompassing over 10,000 DeFi protocols, with a total value of over $250 billion in decentralized finance and crypto assets. Earlier in June, 3Jane raised $5.2 million in seed funding, with Paradigm leading the investment.
according to CCTV News, on October 28th local time, the U.S. Senate will vote on the 13th "clean" government funding bill passed by the House of Representatives, which aims to temporarily restore government operations at the current funding level. The procedural motion has been rejected in the Senate 12 times in a row, as it requires at least 60 votes (including some Democratic Party members' support) to pass. It is expected that the 13th vote will still fail. Several Senate Democrats have stated that the government shutdown is unlikely to end unless President Trump personally participates in negotiations.
On October 24, 2025, PunkCode, a company focused on IP-driven collectible culture, XR immersive experiences, and digital asset operations, announced the completion of a new funding round led by Meridian Capital. The investment, structured in USD-denominated capital, totals several tens of millions of RMB.
SlowMist Cosine posted on X platform, saying: "After reviewing the dozens of stolen intelligence reports related to GMGN submitted to us, the commonality is: users' private keys were not leaked, but SOL BNB were all bought into the Pixiu pool (meaning they can only be bought and not sold). Hackers mainly took away users' funds by withdrawing from the Pixiu pool, making profits of over 700,000 USD. The cause of this situation (not private key leakage) is probably a more advanced phishing method. Since GMGN has already fixed the related issues, it is not easy to reproduce. It is speculated to be related to the GMGN account mode. Users visit phishing websites, where the phishing websites obtain the user's GMGN account mode login signature information, such as access_token and refresh_token values, take over the user's account permissions, but without the user's 2FA, they cannot directly export private keys or withdraw funds. Therefore, they use the P
according to Lookonchain monitoring, 10 American Bitcoin ETFs have a net inflow of 1,458 BTC, with BlackRock receiving 567 BTC, currently holding 805,807 BTC; 9 Ethereum ETFs have a net inflow of 27,066 ETH, with BlackRock receiving 17,238 ETH, currently holding 4,010,286 ETH.
October 28th news, MegaETH official announced that its token sale has been oversubscribed. The official emphasized that regardless of the allocation size, all users participating in the subscription will be eligible to receive additional token rewards on the mainnet.
Paypal continued to rise, with the increase expanding to 11%. On the news front, Paypal is reportedly partnering with OpenAI to embed the payment wallet into ChatGPT.
Coinbase will list deBridge (DBR) spot trading.
according to The Block, Cathie Wood's Ark Invest purchased $30.9 million worth of Block Inc. stock through three exchange-traded funds on Monday, totaling 385,585 shares.
according to Yonhap News Agency, South Korean National Power Party member Park Sung-hoon will propose a bill to amend the Foreign Exchange Transaction Act to include stablecoins in the legal definition of payment methods. The bill aims to revise Section 3, Article 1 of the "Definition" part to list stablecoins alongside government-issued currency, banknotes, coins, etc. as payment methods.
according to TraderT monitoring, the net inflow of the US spot Bitcoin ETF yesterday was 149.23 million US dollars.
according to TraderT monitoring, the net inflow of the US spot Ethereum ETF was $133.25 million yesterday.
the Shanghai Composite Index turned red, standing above the 4000-point mark to continue to hit a ten-year high. The Shenzhen Component Index rose by 0.2%, the ChiNext Index rose by 0.7%, and more than 2900 individual stocks in the entire market rose. The Fujian sector led the gains.
the price of gold regained some lost ground on Tuesday, returning to above $4,000 per ounce, as expectations of further interest rate cuts by the Federal Reserve outweighed the pressure from signs of a thaw in international trade tensions. During the early session, spot gold rose to near $4,019 per ounce, after falling more than 3% on Monday to its lowest level since October 10. Tim Waterer, chief market analyst at KCM Trade, said, "Buyers waiting on the sidelines for gold are now tempted to build positions at these price levels. In addition, we also see the U.S. dollar weakening, providing a breathing space for the gold price."
MetaMask has launched a multi-chain account. In addition, the loading speed of user assets has increased by 30 times.
