Crypto Markets & On-Chain Ecosystem Developments

According to ChainCatcher, victims of the Drift hack on Solana initiated claims, with verified losses of approximately $295.4 million matched by an initial recovery pool of $3.11 million. Victims can exchange DFX tokens for USDT at a rate of approximately 1.04 cents per dollar lost—meaning $1,000 in

Gate News bot message: Gate market data shows that ETH has fallen below 2,700 USDT and is currently trading at 2,699.63 USDT.

The Independent Community Bankers of America sued the Office of the Comptroller of the Currency on Friday (October 2) in U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to cryptocurrency firms and seeking to void the March 2, 2026

According to Blockworks, trading volume for tokenized stocks on Solana reached $4.4 billion in September 2026, marking a record monthly high. Raydium and Orca were among the key contributors to the volume surge, as on-chain asset diversity continues to drive growth in this emerging asset category

Senator Cynthia Lummis revealed in a recent tweet that Democrats expressed concerns about memecoins during negotiations for the Clarity Act. The negotiations aimed to explicitly include memecoins and network tokens in the proposed regulation to prevent them from falling through regulatory gaps.

According to Senator Cynthia Lummis, Democrats voted against including memecoins in the Clarity Act despite negotiations to explicitly address memecoins and network tokens in the proposed regulation. Lummis emphasized the necessity of covering these assets to prevent them from falling through regula

Russia's Ministry of Finance paid employees in digital rubles for the first time on Oct. 1, extending the central bank digital currency into government payroll after the Sept. 1 mass rollout. The payments occurred through accounts on the Bank of Russia's digital ruble platform, with participation re

Microsoft's official X account with over 13 million followers was compromised by attackers who used the profile to promote an unauthorized cryptocurrency tied to Clippy, the company's former Office assistant. The account briefly followed

Microsoft confirmed that its official X account was compromised earlier today to promote an unauthorized cryptocurrency tied to Clippy, the company's former Office assistant. The account, which has over 13 million followers, briefly followed and reposted content from a Clippy impersonation account,

According to futures market data, over $62.71 million in positions were liquidated across global markets in the past 24 hours, with short positions accounting for the majority of the liquidations.

According to Odaily, a crypto asset vault on Base had approximately 1,783 wstETH transferred out on October 4, incurring losses exceeding $6 million. The vault is controlled by a 3-of-7 Safe multisig, with the identities of all seven signers remaining undisclosed. Security firms noted that

Tempo recorded a $2.5 billion increase in stablecoin transfer volume over the past week, according to crypto commentator @tokenterminal. This growth positioned Tempo among the top five blockchain networks by absolute transfer volume increase. The surge reflects heightened transaction activity on the

Chainlink announced the migration of over $15 billion in assets to its Cross-Chain Interoperability Protocol (CCIP) 2.0. The upgrade aims to enhance the distribution of tokenized assets across multiple networks using a unified and secure standard. The migration is designed to strengthen digital

Token Terminal reports that OUSD's $666.3 million market cap shows significant concentration, with 71% held on Tempo. The remaining distribution includes Solana at 10.2%, Base at 9.8%, and Ethereum at 9.1%. This platform distribution data provides insight into OUSD's positioning within the

Chainlink has announced a migration of over $15 billion in assets to its Cross-Chain Interoperability Protocol (CCIP) 2.0, according to the company. The upgrade enhances cross-chain asset distribution through improved security and enables institutions to distribute tokenized assets across multiple n

According to @tokenterminal, Tempo's stablecoin transfer volume surged by $2.5 billion over the past week, positioning it among the top five chains for absolute growth in this category.

According to Decrypt's Bitcoin ETF tracker, U.S. spot Bitcoin ETFs drew $134.4 million in net inflows on Thursday and Friday (Oct. 1-2), with $102.7 million on Thursday and $31.7 million on Friday. The strong start followed a $148.7 million outflow on Sept. 30, which ended a nine-session inflow

OUSD recorded a market cap increase of $626.3 million over the past week, leading growth in the stablecoin sector. The data, reported by CryptoTwitter commentator @tokenterminal, shows OUSD outpacing USDf and USDT, which gained $320.1 million and $313 million respectively during the same period. The

According to CryptoTwitter commentator @tokenterminal, Open Standard's stablecoin market cap surged by $626.3 million over the past week, signaling growing investor interest in stablecoins amid mixed crypto market