MarsbitNews

Mars Finance news, September 3: Market news: The Bank of Japan is reportedly inclined to raise interest rates by 25 basis points and plans to adopt flexible policy measures going forward.

Mars Finance reports that one hour after Papertrade launched on HyperEVM, its nominal trading volume exceeded $80 billion, while users’ cumulative losses reached $4.73 million. PAPER tokens are minted based on losses: when the LP balance is below $2 million, 100 PAPER is minted for every $1 in losses; once the LP balance exceeds $2 million, the system enters decay mode. Prices use the midpoint of Hyperliquid’s BBO as a reference. Users trade against the protocol’s LP, with support for high leverage, zero slippage, and no funding fees.

Mars Finance reports that less than 10 minutes after Papertrade went live, its nominal trading volume reached $14.4 billion. As of press time, Bitcoin and Ethereum contract open interest stood at approximately $3 billion and $2.66 billion, respectively. Its innovation lies in the PAPER token issuance mechanism: a certain amount of PAPER is minted for every $1 a user loses. When the LP balance is below $2 million, the minting rate is fixed at 100 tokens for every $1 lost; once it exceeds $2 million, the minting rate declines, with fewer tokens minted as the LP balance increases.

Mars Finance reports that cross-chain protocol Relay posted on X stating that it will discontinue Relay Vaults. Users holding funds must visit the official portal to withdraw their funds. The portal will close on December 31, 2026, after which users can still withdraw directly from the contracts. The official statement said that Vaults is an optional product through which users provide liquidity and is being discontinued because an improved version is forthcoming. Further details will be announced in the future. Swaps, payments, and other integrations will not be affected and will continue to operate as usual.

The Finance Committee of France’s National Assembly passed two cryptocurrency tax amendments: starting in 2027, MiCA-regulated stablecoin conversions will be treated as taxable disposals; and it proposed imposing an exit tax on taxpayer households residing abroad with assets exceeding 800,000 euros. The amendments will not be included automatically and must be reintroduced during the October debate. The formal vote is scheduled for October 20, and they have not yet become law. The amendments also bring the relevant gains under the existing 31.4% flat-tax regime, along with a proposal to allow losses to be carried forward for 10 years.

Mars Finance reports that on October 10, HIP-3 market deployer Entropy spent 569.98 HYPE to win the auction for the xiaomi ticker. Entropy may soon launch its perpetual contract.

Mars Finance reports that SVRN has acquired the NEAR infrastructure platform FastNEAR, which will become a wholly owned subsidiary of SVRN. Co-founders Evgeny Kuzyakov and Mike Purvis will also join the SVRN team. FastNEAR is a high-performance RPC infrastructure provider for NEAR, supporting most of the data layer, a cluster of network read/write servers, a full archive of transaction history, and the NEAR DATA data source for developers.

This article describes Trump claiming on the Truth platform that he has achieved multiple accomplishments: bringing 8 wars to an end, with 2 more remaining that will soon be concluded; rescuing and returning Israeli hostages and hundreds of hostages worldwide, including the final 28 survivors and deceased victims; winning the war in Venezuela, arresting the dictator, and preventing Iran from obtaining nuclear weapons, while lamenting that he did not receive the Nobel Peace Prize.

Darkfost stated on X that Bitcoin’s current trend resembles the market pattern from late 2025 to early 2026, with its price fluctuating around the capital-weighted cost basis. $80,500 is considered a key near-term support level. The capital-weighted cost basis calculates the cost basis of holdings weighted by the amount of capital, reflecting the market’s overall profit and loss position. The current range marks the breakeven point for investors, and market uncertainty may prompt more people to take action. The market should continue to be monitored.

According to Reuters, Sequoia Capital-backed chip startup Nuvacore is seeking to raise hundreds of millions of dollars at a valuation of about $2.5 billion. The company was founded just six months ago and has not yet launched a product. It plans to develop a new type of CPU for data centers. As demand for computing power from AI applications continues to grow, the data center CPU market has attracted investor attention. The CPUs will be used to coordinate AI chip workloads and run autonomous AI software agents to optimize computing tasks across data centers and AI infrastructure.

According to Yonhap News Agency, Lee Eok-won, chairman of South Korea’s Financial Services Commission, said that the restrictions on major shareholders’ stakes in virtual asset exchanges under the Digital Asset Basic Act were not imposed at the direction of any particular individual, but were intended to ensure that exchanges assume greater public responsibilities after being institutionalized. In the future, exchanges will shift from a three-year reporting system to a licensing system, and, as they have the characteristics of infrastructure, they will be required to serve the public interest and assume corresponding responsibilities. Some lawmakers are concerned that mandatory enforcement could force major shareholders and others to sell shares worth trillions of Korean won. The government said that specific shareholding limits and other details will be coordinated with the National Assembly. The government bill is also in its final stage and will be submitted as soon as possible, although the specific timing has not been determined.

A Bernstein report states that the capital expenditure for a 1GW data center is in the billions of dollars, with significant differences among architectures: Vera Rubin has the highest cost, while Jalapeno has the lowest. The cost of an NVL72 rack has fallen from $9.1 million to $7.52 million, a decrease of approximately 17%, driven by adjustments to HBM prices and NAND capacity expectations. The report also notes that the primary economic burden of AI data centers is not electricity costs, but massive capital expenditures and their depreciation.

Mars Finance News, October 10: According to crypto analyst alicharts, during this Bitcoin pullback, whale cohorts have adopted an accumulation strategy for major cryptocurrencies. Over the past 72 hours, whales have accumulated approximately 15,000 BTC, more than 166,000 ETH, and 45 million XRP.

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Podcast: The Rollup
Compiled by: Yuliya, PANews
In this episode of The Rollup podcast, host Robbie had an in-depth conversation with Anthony Pecore, senior vice president and director of digital asset management at Franklin Templeton, and chief investment officer Seth Ginns. They discussed the entry of institutional capital, the tokenization supercycle, Franklin Templeton’s tokenized money market fund Benji, which has been operating smoothly since 2021, financial product innovation, the integration of AI and digital assets, and more.
In Anthony’s view, the tokenization supercycle is driving industry growth and has gradually evolved from an early experiment into important infrastructure for institutions exploring on-chain finance. As it becomes a part of on-chain trading and