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The well-known decentralized application data platform DappRadar has announced the cessation of operations due to financial unsustainability and issues with its business model. The price of its token, RADAR, has plummeted, and the decline in the GameFi and NFT industries has led to a sharp decrease in revenue. Summary generated by Mars AI This summary was generated by the Mars AI model; the accuracy and completeness of its content are still being iteratively improved.
Quick Take Bitwise’s spot XRP ETF will start trading on Thursday under ticker XRP. There have been a rush of new altcoin ETFs in the U.S. market since the SEC updated its guidance clarifying procedures for firms seeking to roll out crypto ETFs.
Quick Take William Lonergan Hill was sentenced on Wednesday in the U.S. District Court for the Southern District of New York about two weeks after the sentencing of his former colleague Keonne Rodriguez. The pair pleaded guilty in July after initially denying the charges last year.
Quick Take World Liberty said it froze some user accounts in September following third-party security lapses and is beginning to reallocate funds to secure wallets. Earlier this week, Sens. Elizabeth Warren and Jack Reed reportedly asked the Justice and Treasury Departments to investigate alleged WLF token sales to sanctioned entities, citing Accountable.US research.
Bitcoin has slipped below key cost-basis models as spot demand and ETF flows weaken. Derivatives mirror this softness, with falling open interest, cycle-low funding, and options repricing sharply for downside. Rising IV and heavy put demand show the market rotating into protection.
- 15:50Tether CEO: Tether's holdings of U.S. Treasury bonds generate about $500 million in monthly revenueJinse Finance reported that Tether CEO Paolo Ardoino stated on the X platform that, according to the latest attestation report for the third quarter of this year, Tether holds several billions of dollars in excess reserve buffers, with Tether's total assets reaching approximately 215 billions USD, while stablecoin liabilities are about 184.5 billions USD. In addition, the error made by S&P was not taking into account that the US Treasury bonds held solely by Tether can generate about 500 millions USD in monthly profit, and they likely did this intentionally to support Tether's competitors.
- 15:47Data: 10.3681 million SYRUP transferred from Syrup.fi, routed through intermediaries and flowed into WintermuteAccording to ChainCatcher, Arkham data shows that at 23:35, 10.3681 million SYRUP (worth about $2.78 million) were transferred out from Syrup.fi to an anonymous address (beginning with 0x12Ff...). Subsequently, at 23:37, this address transferred all SYRUP to Wintermute.
- 15:32Sahara AI: No unlocks or security incidents have occurred, investigation into abnormal market fluctuations is ongoingForesight News: A member of the Sahara AI team posted a statement regarding the investigation into yesterday's token liquidity and related activities, clarifying the following facts: 1. No unlocks for core contributors and investors. SAHARA completed its TGE on June 26, 2025. The first unlock for core contributors and investors will take place on June 26, 2026. Currently, all tokens held by contributors and investors remain fully locked, with no unexpected unlocks or sales. 2. Token smart contracts are secure. All token contracts are completely secure and properly managed by the Sahara Foundation. There have been no hacks, leaks, or unauthorized operations to date. 3. Business integration and execution. Sahara Labs will maintain a strong focus on business execution, has identified inefficiencies in operations, and has successfully reallocated resources to business areas with greater market growth potential. 4. Core growth areas remain robust. Data labeling, AI systems in specific domains, and intelligent infrastructure continue to show strong momentum. The team is confident in its revenue outlook for 2026 and will share key product updates as well as its long-term vision and roadmap. The team will continue to maintain transparency and update on the progress of the investigation.