PA Daily | ApeX launches a $12 million Token buyback plan; Aster leads perpetual DEX with over $25 million in 24-hour fees

Today's news highlights:

Revolut is considering a dual listing in London and New York, with a valuation of $75 billion.

Aspecta launches the ASP Flywheel Program 1.0, and ASP staking is about to go live.

ApeX has launched an APEX token buyback program, covering an initial fund of $12 million and 50% of future protocol revenue.

The Babylon community proposes to reduce the inflation rate of the BABY token by approximately 30% and introduce the BTC-BABY joint staking feature.

Aster's transaction fees exceeded $25 million in the past 24 hours, ranking first among perpetual DEXs.

Pastel Alpha founder discloses that he has increased his holdings of 8 Hypurr NFTs again.

macro

Revolut is considering a dual listing in London and New York, with a valuation of $75 billion.

According to TFN, London-based fintech giant Revolut is considering a dual listing in London and New York, with a company valuation of $75 billion. If successful, it would become the first company to list in New York simultaneously while also joining the FTSE 100 index. This deal would position Revolut among the top 15 most valuable companies in London. Despite ongoing speculation, Revolut is not in a hurry to push for an IPO. The company is currently focused on secondary stock sales, with its valuation already reaching $75 billion. Analysts believe that fintech companies may prefer to solidify their foundations before entering the public market. A key step is the launch of the UK bank. After receiving approval from the Bank of England last year, the bank is still in the testing phase. Revolut founder Nik Storonsky views the bank's opening as a top priority, believing it is central to achieving the goal of 100 million global customers. Only after this goal is completed will Revolut likely turn its full attention to going public.

The US SEC plans to expedite the approval of Trump's proposal to eliminate quarterly reports for companies and seeks to relax financial regulations.

According to the Financial Times, the U.S. Securities and Exchange Commission (SEC) has committed to seeking minimal regulation of Wall Street and expediting the approval of Trump’s proposal to eliminate quarterly reporting for companies. Paul S. Atkins, the SEC Chairman appointed by Trump this spring, stated today that he will consider replacing the current requirement for publicly traded companies to report every three months with semi-annual reports. “The government should provide a minimal level of effective regulation to protect investors while allowing businesses to thrive.” The Trump administration has adopted a more business-friendly stance while seeking to impose greater control over independent federal agencies.

Project Updates

UPbit will launch SUPER KRW trading and ORDER's BTC and USDT trading.

The South Korean cryptocurrency exchange UPbit has announced the launch of trading support for the following new tokens: SuperVerse (SUPER): Trading markets for Korean Won (KRW), Bitcoin (BTC), and USDT are open. ORDERLY (ORDER): Trading markets for Bitcoin (BTC) and USDT are open.

Binance HODLer airdrop launches OpenEden (EDEN), HODLer airdrop of 15 million EDEN.

Binance HODLer airdrop has launched the 47th project - OpenEden (EDEN), which is a real-world asset (RWA) platform connecting traditional finance and decentralized finance. From September 23, 2025, 08:00 to September 26, 2025, 07:59 (Beijing Time), users can participate in the airdrop distribution by purchasing principal-protected earning products or on-chain earning products with BNB. Airdrop information will be available within 24 hours, and tokens will be distributed to users' spot wallets at least 1 hour before trading begins. Binance will list EDEN on September 30, 2025, at 19:00 (Beijing Time), opening trading pairs with USDT, USDC, BNB, FDUSD, and TRY, applicable to seed tag trading rules. The EDEN recharge channel will open on September 29, 2025, at 19:00 (Beijing Time). The total amount of tokens for this HODLer airdrop is 15,000,000 EDEN, accounting for 1.5% of the maximum supply. At launch, the circulating supply will be 183,870,000 EDEN, accounting for 18.39% of the maximum supply.

The threshold for the first phase airdrop of Binance Falcon Finance is 175 Alpha points.

Binance Alpha becomes the first platform to launch Falcon Finance (FF), with Alpha trading starting at 19:00 Beijing time on September 29, 2025. Eligible users can claim airdrop of 500 FF tokens through the Alpha event page within 24 hours after trading begins. The airdrop is distributed in two phases: Phase One (first 18 hours): Users holding at least 175 Alpha points can claim. Phase Two (last 6 hours): Users holding at least 150 Alpha points can participate, first come first served, with the points threshold decreasing by 15 points every hour.

Somnia will launch a liquidity reward program, distributing 1 million $SOMI . The Somnia Foundation announced the launch of a liquidity reward program, with 1 million $SOMI to be distributed in the first quarter. Users providing liquidity on decentralized exchanges (DEX), lending platforms, and liquid staking protocols can earn Somnia Liquidity Points (SLPs), which determine the reward distribution. The first quarter lasts for 90 days, with the specific start date to be announced soon. Previously, Binance HODLer airdrop went live for Somnia, and $SOMI was opened for spot trading on September 2.

Aspecta launches the ASP Flywheel Plan 1.0, and ASP staking is about to go live.

Infrastructure Aspecta announced the launch of ASP Flywheel 1.0, which includes the ASP Points System, ASP<>BuildKey pairing, ASP staking mechanism, and joint releases with external partners. The ASP Points System rewards ASP holders and stakers, allowing users to earn points through holding ASP, trading BuildKeys, contributing to the ecosystem, and staking ASP. Points will be used to participate in the early deposit phase of projects enabled by ASP<>BuildKey pairing, providing opportunities for high-return BuildKey allocations. Additionally, point data may require 24 hours for updates. The ASP<>BuildKey pairing adopts a fair launch mechanism, allowing users to fairly purchase early BuildKeys through deposits, with historical data showing a return rate of 10x to 100x. Starting from October 2025, this mechanism will be linked to ASP and Aspecta Points, requiring users to meet point requirements to participate in different deposit groups. ASP staking is set to go live soon, allowing stakers to earn more points, share trading fees, and other incentives. Based on last year's data estimates, the expected annualized yield for staking ASP can reach up to 34%. Previously, YZi Labs announced an investment in the blockchain infrastructure platform Aspecta.

OpenEden Airdrop Query Page, 7.5% of the $EDEN supply will be used for the Bills Points Program

According to news from the OpenEden Foundation, the $EDEN airdrop query tool is now online, and users can log in through the official website link to check their allocation status. Airdrop claims will officially open at 18:30 Beijing time on September 30, 2025. In this airdrop, 7.5% of the total supply of $EDEN will be used for the Bills points program, with an additional 0.25% allocated to the “Shared Reward Pool.” Participants with over 10,000 Bills points will be eligible for allocation. Previously, it was announced that Binance Alpha will launch OpenEden (EDEN) on September 30.

Binance Alpha will launch Swarm Network on October 1st at 20:00 (TRUTH)

According to the official announcement, Binance Alpha will launch and open trading for Swarm Network (TRUTH) on October 1, 2025, at 20:00 (UTC+8). In addition, the Binance futures platform will launch the TRUTHUSDT perpetual contract on October 1, 2025, at 20:30 (UTC+8), with a maximum leverage of up to 50 times. All eligible Binance users will receive an exclusive token airdrop from Binance. Eligible users need to claim the airdrop using Binance Alpha points through the Binance Alpha event page from October 1, 2025, at 20:00 (UTC+8) to October 2, 2025, at 20:00 (UTC+8).

ApeX has launched an APEX token buyback plan, covering an initial fund of $12 million and 50% of future protocol revenue.

ApeX Protocol announced the launch of the APEX token buyback plan, which will utilize past revenues to inject a one-time investment of $12 million to kick off this plan. Starting next week, 50% of the daily revenue of the ApeX protocol will be used to buy back APEX tokens from the open market, along with the committed $12 million. Over time, this allocation ratio will gradually increase, ultimately reaching 90% of total revenue. The frequency of buybacks will be weekly from the open market starting next week. All repurchased tokens will be transferred and locked to a publicly accessible address on the blockchain, which community members can fully view.

The Babylon community proposed to reduce the inflation rate of the BABY token by approximately 30% and to introduce a joint staking feature for BTC-BABY.

The community of the Bitcoin staking protocol Babylon recently released a new proposal to “reduce inflation and introduce joint staking,” aiming to adjust the BABY token economics, including lowering inflation and introducing BTC-BABY joint staking. The proposal suggests reducing the inflation rate by about 30%, from 8% per year to 5.5% per year, with the specific allocation as follows: ① 1% allocated to Bitcoin (BTC) stakers, and finality providers can charge a commission; ② 2% allocated to BABY stakers, and CometBFT validators can charge a commission. ③ An additional 2.35% allocated to BTC stakers who stake both BTC and BABY, as a joint staking reward, with every 20,000 BABY staked qualifying 1 staked BTC for the joint staking reward. ④ Due to the limitations of the Cosmos SDK, finality providers and CometBFT validators cannot collect commissions from the joint staking rewards; to compensate for this limitation, 0.075% is allocated to active finality providers based on the size of the delegation, and 0.075% is allocated to active CometBFT validators based on the size of the delegation. Once the trustless Bitcoin custody protocol is ready, the token economics should be reviewed and adjusted to promote the adoption of the protocol. Additionally, the proposal suggests introducing BTC-BABY joint staking functionality to encourage BTC stakers to also stake BABY and actively provide security for validation and finality; the more BABY staked, the more joint staking rewards are earned.

The Firedancer team of Jump proposed to lift the Solana block limit after the Alpenglow upgrade.

According to The Block, Jump Crypto's Firedancer team is building a high-performance client for Solana. Their proposed SIMD-0370 proposal suggests lifting the current limit of 60 million compute units per block, which is set to be tested in the major Solana upgrade Alpenglow later this year (there was a previous proposal to increase this limit to 100 million). Without a fixed limit, block size will adjust according to the transaction volume that high-performance validators can accommodate, while weaker validators will automatically forfeit their votes on oversized blocks through a skipping voting mechanism. The proposal argues that after removing the limit, well-funded block producers will upgrade their hardware and include more transactions to increase revenue, incentivizing other producers to follow suit and creating a 'flywheel effect' that enhances the average capacity of validator clients. Roger Wattenhofer, research director at Anza and a proponent of the Solana Alpenglow upgrade, supports the removal of the limit but is concerned about potential centralization and network stability risks. However, he stated that these issues can be resolved and has always been a strong advocate for lifting the limit.

important data

ORDER and SUPER rose temporarily by 62% and 45% due to the impact of being listed on UPbit.

Due to the impact of Upbit's listing, ORDER briefly rose by 62%, currently priced at $0.37, while SUPER briefly rose by 45%, currently priced at $0.75. Previously, it was reported that UPbit will list SUPER trading against the Korean won and ORDER trading against BTC and USDT.

Worldcoin has transferred 20.66 million $WLD to Kraken again after a week.

According to Ember monitoring, the Worldcoin team took action again after a week, transferring 20.66 million $WLD (approximately $27.07 million) to the Kraken exchange one hour ago.

Aster's transaction fees exceeded $25 million in the past 24 hours, ranking first in perpetual DEX.

According to The Block, decentralized perpetual contract exchange Aster currently ranks first in the fee revenue leaderboard on DefiLlama, surpassing Hyperliquid and other perpetual decentralized exchanges (DEX). According to DefiLlama data, Aster recorded over $25 million in fee revenue in the past 24 hours, leading other protocols. Its competitor Hyperliquid generated $3.17 million in fees in the past day, ranking fifth. The data also shows that Aster's spot trading volume in the past day was $199.96 million, ranking 13th among decentralized exchanges for perpetual contracts. In terms of trading volume, Hyperliquid surpassed Aster with $477.3 million. Aster also did not appear on the daily revenue leaderboard of this data aggregation platform.

A certain whale has deposited 250,000 SOL, worth 51.89 million USD, into multiple CEXs over the past two days.

According to Onchain Lens monitoring, the whale “CMJi” has deposited 250,000 SOL, worth 51.89 million dollars, to multiple centralized exchanges (including Gate, Bybit, OKX, and Binance) in the past two days.

Pastel Alpha founder discloses that he has increased his holdings by another 8 Hypurr NFTs.

Cooker, the founder of Pastel Alpha, posted on platform X stating that he has once again purchased 8 Hypurr NFTs, including Hypurr#4087、#236, #3181、#4258, #4324、#4216, and #2755、#280. He currently holds a total of 16 Hypurr NFTs, with a total value exceeding $1 million. Previously, it was reported that the founder of Pastel Alpha spent about $500,000 to buy 8 Hypurr NFTs.

A certain whale opened a short position of 12,372 ETH with 5 million USDC, with a position value of 50.82 million USD.

According to on-chain analyst Yu Jin's monitoring, a certain whale shorted 12,372 ETH with 5 million USDC one hour ago, with a position value of 50.82 million USD. Opening price was 4,112 USD, and liquidation price was 4,427 USD.