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Former Coinbase Chief Technology Officer Balaji Srinivasan said at the Token2049 conference in Singapore that Bitcoin could become a reserve currency for Western institutions that need to prove solvency, while individuals could use Zcash (ZEC) as money for financial privacy. Srinivasan added that ZEC could effectively serve as a shield that helps users regain privacy. Srinivasan is also known as an early pioneer in zero-knowledge proof technology.

Binance announced it has completed the process of merging Stargate Finance’s STG token into LayerZero’s ZRO token. The tokens were distributed at a ratio of 0.08634 ZRO for each one STG.

Bithumb announced it will temporarily suspend SEI deposits and withdrawals at 9:00 a.m. UTC on Oct. 8 to support the Sei network upgrade.

Eric Trump, the eldest son of President Donald Trump, said at Token2049 Singapore that the era of paying wages in stablecoins is arriving and that his family businesses are considering the option for payroll. He said the family’s companies, including global hotel operations, employ tens of thousands of workers and are reviewing whether to pay salaries in stablecoins. Eric Trump added that more athletes have recently been seeking to receive contract payments in Bitcoin (BTC), while traditional check payments can take 24 to 36 hours to process and workers want wages deposited into their accounts immediately.

Evernorth Holdings, an XRP treasury company, has pushed back its Nasdaq listing schedule by four days, CoinGape reported. The company is now expected to complete its merger with Armada Acquisition Corporation around Oct. 9, local time, and begin trading on Nasdaq under the ticker XRPN around Oct. 12. The merger had originally been scheduled for Oct. 7, with trading set to begin on Oct. 8.

Two wallets believed to belong to the same whale or institution withdrew 110 million Longxia from KuCoin and Gate, equal to 11% of the token’s total supply, EmberCN reported. The holdings were worth $7.01 million, and Longxia was up more than 40% today. Exchange withdrawals are typically interpreted as a move into holding wallets. Longxia means lobster in Chinese.

LG Electronics has filed a U.S. patent application for technology that would enable user data generated by home appliances such as TVs, refrigerators and washing machines to be traded through blockchain, Digital Asset reported. The patent, titled Blockchain-Based Data Transaction Device and Method, was published in the United States on Sept. 17. The core of the technology is to select only the necessary portions of user data generated by home appliances, register them on a blockchain, and manage data access rights with tokens. The target devices include TVs, air conditioners, washing machines, refrigerators and vacuum cleaners. The system can collect a range of usage data from those devices, including viewing history, content usage information, application usage data, air conditioner mode and usage time, washing machine usage frequency, and how often a refrigerator door is opened and closed.

Bithumb announced the removal of HEMI from its delisting watchlist after determining that the issues behind the trading caution designation had been resolved.

World Liberty Financial co-founder Zak Folkman said at Token2049 in Singapore that preparations for the launch of the WLFI app have been completed, according to The Block. The company has not disclosed a specific launch date or details on the app’s features.

The market-cap-weighted value of the top 200 cryptocurrencies has risen only about 5% since October 2021, according to Jamie Coutts, a crypto market analyst at Real Vision. Coutts said the crypto market had effectively stagnated over the past five years as new token supply offset gains in demand. Coutts added that supply conditions have recently shifted, with annual new supply growth slowing to 3.3% from 26.5%, while rewards flowing to token holders have increased fivefold. Demand is also showing signs of recovery, Coutts said.

OKX founder Star Xu said at Token2049 in Singapore that OKX is using AI to identify risk factors, support investigations into suspicious transactions and behavior, and suggest response measures. Star Xu added that AI does not directly make compliance or risk management decisions, with final judgments still made by humans.

World Liberty Financial, the Trump family’s DeFi project, plans to expand its payment technology offerings to major Web2 companies, Crypto Briefing reported. The main focus is corporate payment services for disbursing funds to drivers, contract workers and content creators, with the related payment infrastructure built around WLFI’s dollar stablecoin USD1.

Dominion, a Solana-based tokenized silver project, announced it is shutting down after a security incident in September led to the theft and sell-off of a large amount of SILV tokens, collapsing liquidity. The project said the attack also caused losses to operating funds and damaged the market structure, leaving the capital needed to rebuild beyond its remaining resources. Dominion said it will direct most of its remaining liquidity to a reimbursement program and allow eligible users who held SILV before the attack to redeem and liquidate their tokens at $63 each. SILV is a token designed to be backed one-to-one by physical silver, with each token representing one troy ounce of silver.

U.S. government-linked wallets transferred 40,285 BNB to a new address, worth $31.6 million, according to Onchain Lens.

Stacks founder Muneeb Ali has returned as CEO and outlined five priorities for his first 30 days, including expanding institutional business development and shortening the time from initial interest to launch for Bitcoin bonds amid rising demand. Ali said speed would be critical and that the company would move with startup-like urgency. Ali also said the leadership structure would be simplified, with the CEO delegating authority to key talent while clearly defining which decisions Ali would make directly and setting up a process to hear a range of views before making decisions quickly. Ali plans to unveil a two-year roadmap showing how institutional-grade Bitcoin privacy and quantum-resistant technology fit into Stacks' strategy beyond Bitcoin capital markets. Ali also plans one-on-one meetings with large STX holders to share Stacks' latest strategy and progress, and to hold the first public holder update call within 30 days.

Arthur Hayes said at the Token2049 event that Flop Labs, the AI agent project he leads as CEO, plans to launch its testnet in October. The testnet is set to run for 90 days, with the mainnet scheduled for launch in the first quarter of next year. Testnet participants will be eligible for a FLOP airdrop.

U.S. spot Ethereum ETFs posted a net outflow of $201.89 million on Oct. 6, extending the streak to six straight trading days, according to SoSoValue. - BlackRock ETHA: -$201.89 million

U.S. spot Bitcoin ETFs saw net inflows of $118.86 million on Oct. 6, reversing to net inflows after one day, according to Farside Investors. - BlackRock IBIT: +$122 million - Morgan Stanley MSBT: +$7.84 million

The Cardano Foundation said it has launched CIP-0113, a programmable token standard for the Cardano mainnet that lets issuers embed compliance features directly into tokens. Issuers of regulated assets such as stablecoins, tokenized funds, and bonds can use the standard to set rules for KYC and AML checks, sanctions screening, asset freezes and seizures, and transfer restrictions within the token itself. The foundation said the standard can be applied without a separate hard fork, while issuers can choose modular rules, write their own, and update them as regulations change.

Robinhood has added $25 million worth of Bitcoin (BTC) to its corporate treasury assets, The Block reported.

U.S. Commodity Futures Trading Commission Chairman Michael Selig said in a CNBC interview that under the crypto regulatory framework being prepared by the CFTC, leveraged trading will be allowed only on federally regulated crypto exchanges. Selig added that leverage of up to 100x, seen on offshore exchanges, has never been permitted in the United States and will not be allowed under the new framework. The CFTC had previously indicated it would limit excessive leverage in the U.S. crypto derivatives market.

Shayne Coplan, CEO of Polymarket, said at Token2049 that Intercontinental Exchange, the parent company of the New York Stock Exchange, is one of Polymarket’s largest shareholders. Coplan added that ICE is actively considering putting stocks on-chain in cooperation with regulators.

Coinbase plans to relaunch Coinbase Pro later this year for high-net-worth and high-frequency traders, Crypto Briefing reported. The new platform is set to support spot, futures, perpetual futures, options, and stocks in a single trading environment. Coinbase also plans to introduce spot margin trading, offering up to 10x leverage on major assets and up to 5x on other assets.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $145.38 million liquidated (90.65% longs) - ETH: $176.73 million liquidated (94.06% longs) - XRP: $12.43 million liquidated (95.46% longs)

South Korean exchange Bithumb announced the designation of XAI as a delisting watchlist item.