Vitalik Highly Praises Polygon and Sandeep for Contributions to the Ethereum Ecosystem
Vitalik Buterin posted on X, expressing high appreciation for Sandeep Nailwal and Polygon’s key role in the Ethereum ecosystem, especially for their early investment in ZK-EVM, support for high-scalability applications (such as Polymarket), and driving pandemic research projects. He also revealed that Sandeep once returned $190 million worth of SHIB donations, providing crucial funding for the Balvi project. Vitalik encouraged Polygon to adopt ready-made ZK technology in the future to achieve higher security guarantees.
DoodiPals: Relaunch After Security Review, 1:1 Token Reissue for Pre-Hack Holders
Solana ecosystem mini entertainment project DoodiPals, centered on the “DOODI” IP, announced it will relaunch after completing a security check; users holding DOODI before the hack will receive a 1:1 token reissue. The project party advised users to pause DOODI purchases and await further announcements, stating the situation is under control and normal operations will resume after relaunch. Previously, security researcher Cos reported that due to a private key leak, tens of addresses had $DOODi stolen and swapped for SOL, with the hacker profiting about 917 SOL.
Coinbase Systems Recovered from AWS Outage
According to Coinbase Support, Coinbase systems have recovered from today’s AWS outage. While further instability is not expected, the platform will continue to monitor system status. Earlier today, Coinbase’s Base App (beta) displayed anomalies due to the AWS outage.
Sky Protocol Buys Back 11.25 Million SKY Tokens for $680,000, Total Buyback Exceeds $79 Million
According to Sky Protocol’s official announcement, last week the project party used $680,000 USDS to buy back 11.25 million SKY tokens. To date, the total USDS used for buybacks has exceeded $79 million.
Suspected Bitmine New Wallet Withdraws Over 63,000 ETH from Bitgo and Kraken, Worth About $253 Million
Onchain Lens reported that three newly created wallets withdrew a total of 63,539 ETH from Bitgo and Kraken, worth about $253 million at current prices, suspected to belong to Bitmine.
Solana Company Opens PIPE Investor Stock Sales Early, Stock Price Plummets 60%
According to CoinDesk, Pantera-backed SOL digital asset treasury company Solana Company (HSDT, formerly Helius) announced it will allow its $500 million PIPE round investors to resell shares early, saying it will “rip the band-aid.” The company privately issued shares at $6.881 each in September, but the price has now dropped to about $6.50, down about 60% over the past three days, with another 17% fall on Monday. The company stated that early unlocking will clear out “weak hands” and strengthen the long-term shareholder base. Multiple digital asset treasury companies have faced stock price pressure when PIPEs take effect, raising doubts about the sustainability of this model.
Coinbase Urges US Treasury to Redesign AML Rules with Tech Innovation, Advocates AI and Blockchain Analytics “Safe Harbor”
Coinbase submitted a 30-page opinion to the US Treasury, stating that the Bank Secrecy Act ((BSA)) and related rules are outdated, inefficient, and increase data exposure. The company recommends establishing a “safe harbor” for compliance tools using AI and API monitoring, recognizing decentralized ID and zero-knowledge proofs for customer verification, and promoting “Know Your Transaction” ((KYT)) on-chain analytics over traditional suspicious activity reports. Coinbase proposes strengthening public-private collaboration through regulatory sandboxes and reducing low-value reporting with a results-oriented approach. This proposal contrasts with a recent Senate Democrat draft targeting Decentralized Finance, which critics say could “effectively ban” Decentralized Finance and wallet development.
Coinbase Acquires Cobie’s Up Only Podcast NFT for $25 Million, Triggers Relaunch Obligation
According to The Block, Coinbase purchased the “Up Only” NFT from Cobie (Jordan Fish) for $25 million USDC, triggering the NFT clause: Cobie and Brian Krogsgard (aka Ledger) must produce eight new episodes. Brian Armstrong confirmed “Up Only TV” will return. Cobie previously stated that if the NFT is bought or burned, the show would relaunch, and set a sky-high price to avoid a sale. The podcast had been on hiatus since the FTX collapse in December 2022.
Coinbase to List Nomina (NOM) Perpetual Futures Trading
Coinbase Markets posted on X that Nomina (NOM) perpetual Futures trading will launch on October 21, 2025. If Liquidity conditions are met, the NOM-PERP Marketplace will open at or after 9:30 AM UTC in supported regions. Retail investors in certain jurisdictions can trade perpetual Futures via Coinbase Advanced, while institutions can trade directly on Coinbase International Exchange.
Solana Co-Founder Responds to “New Perp Dex”: Just Messing Around with AI to Generate Prototype Code
Solana co-founder Toly posted on X in response to the “new Perp Dex,” saying: “Now I understand Andre Cronje’s pain. I was just messing around with Claude (Anthropic’s AI), seeing if it could generate a prototype, then testing with surfpool. Please, someone copy this idea—I want to see if the competitive frenzy sparked by Spot proprietary market makers can happen again in the perpetual contract space: develop a perpetual contract DEX program that integrates all functions into a single account’s memory segment, with built-in LP/risk/matching engine; or make a routing coordinator that can auto rebalance across any number of DEXs. Honestly, I just accidentally Open Sourced a codebase, and now the whole world is going crazy.”
Base Co-Founder Mentions “Base Life”
Base Creator and Protocol Lead Jesse Pollak posted on X: “‘Base Life’ is the first Hot project on Base App. Looking forward to seeing more content from China appear on the Base network.”
Ethena Undergoing First Team Expansion, 10 New Positions for New Business Lines and Products
Ethena Labs founder Guy Young posted on X: “Over the past two years, Ethena’s contributor count has remained steady at about 20–25 people. Now, we’re undergoing our first meaningful team expansion, adding 10 new engineering and product positions for two new business lines and products launching in about three months. Both initiatives have the potential to grow to the scale of USDe.”
Solana Announces Its Chinese Name as “索拉拉”
Solana officially announced its Chinese name as “索拉拉” on social platform X. User @easytopredict proposed “索拉拉 (Suolala)” in the Solana Chinese naming campaign and won, stating that “索拉拉” symbolizes the energetic spirit of creators constantly building on Solana.
Aria Announces Airdrop Plan, 10% of Tokens Allocated to Community
The IPRWA protocol Aria under the Story ecosystem announced its native token $ARIAIP airdrop plan, with 10% of the total token supply allocated to the community. Of this, 5% will reward early supporters (Season 1), and another 5% will incentivize future ecosystem rise (Season 2). In the first Season 1 distribution, 3% will go to the Aria community and 2% to the Story $IP community. This round of airdrop will be fully unlocked at TGE. The official team will take multiple Snapshots from October 21 until two days before TGE, and participation methods and reward mechanisms for Season 2 will be announced gradually.
Another Address Stakes 200 Million USDC on Aave, Then Lends 22,000 ETH to Binance
According to on-chain analyst Yu Jin, another Address just staked 200 million USDC on Aave, then Lent 22,000 ETH ($89 million) to Binance. Both addresses withdrew USDC from Binance a week ago and staked to borrow ETH tonight, likely the same Whale or institution. In other words, this suspected shorting Whale/institution now has 390 million USDC staked, borrowing 42,000 ETH ($169 million) to Binance.
Sources: Blockchain.com in Talks for SPAC Listing
According to CoinDesk, sources revealed that crypto exchange and wallet provider Blockchain.com has recently held talks about going public in the US via a special purpose acquisition company (SPAC) listing. The company has appointed Cohen & Company Capital Markets to advise on a potential SPAC deal, but it’s unclear if talks are ongoing. While the potential deal’s valuation is unknown, the company has raised funds at various valuations over the years due to market Fluctuation. In March 2021, it raised $300 million at a post-money valuation of $5.2 billion.
Prediction Marketplace Limitless Raises $10 Million Seed Round Led by 1confirmation
Official sources report that prediction Marketplace Limitless has completed a $10 million seed round led by 1confirmation, with participation from Collider Ventures, DCG, Node Capital, Arrington Capital, Coinbase Ventures, F-Prime, Flyer One Ventures, and SID Venture Partners. Limitless is built on the Base chain and is the largest prediction Marketplace on Base.
An Address Stakes 190 Million USDC on Aave, Then Lends 20,000 ETH to Binance
On-chain analyst Yu Jin reported that an Address staked 190 million USDC on Aave, then Lent 20,000 ETH ($80.62 million) to Binance 15 minutes ago.
A “Bitcoin OG” Increases BTC Short Position by 200 BTC
Onchain Lens monitoring shows a “Bitcoin OG” increased their BTC (10x leverage) short Position by 200 BTC ($22.1 million). The trader now holds 900 BTC ($99.6 million) with a floating loss of $1.1 million. Average Entry Price (AEP): $109,521; liquidation price: $141,072.
SOL Investor/Institution Sells About 410,000 HYPE After 10 Months to Buy Back SOL
On-chain analyst Yu Jin reported that an investor/institution who received a 1 million SOL investment allocation sold some SOL at the end of last year to buy 2.52 million HYPE. After holding for 10 months, today they took profit by selling some HYPE ($15.68 million) and bought back SOL. Their profit on HYPE is as high as $26.7 million. Solana investor/institution: received 1 million SOL investment allocation in June 2020. Sold some SOL to invest in HYPE: In December 2024, shortly after HYPE launched, they sold 375,000 SOL at about $191 each for about $70 million USDC. They cross-chained the USDC to Arbitrum and entered Hyperliquid, ultimately buying 2.52 million HYPE at an average price of $27.7. Started taking profit by selling HYPE and buying back SOL: In October 2025, after holding HYPE for 10 months, they sold 408,900 HYPE at $38.3 each for $15.68 million USDC, then cross-chained back to Solana and bought 81,100 SOL at $193 each. Holdings and profit: They now hold 1,073,000 SOL ($206 million) and 2,152,000 HYPE ($82.63 million). HYPE profit exceeds $26.7 million, and SOL profit is even higher, as the SOL was acquired through investment at a very low cost, with nearly 400,000 SOL earned from staking rewards over the past five years.
Ripple-Backed Evernorth Plans US Listing, Raising Over $1 Billion to Accumulate XRP Tokens
Reuters reports that Ripple-backed crypto startup Evernorth announced Monday it will go public on Nasdaq via a merger with blank check company Armada Acquisition Corp II (AACI.O), aiming to raise over $1 billion. The deal is expected to close in Q1 2026, creating the largest publicly traded Ripple asset management company. Japan’s SBI, previously linked to SoftBank, will invest $200 million for equity. Ripple co-founder Chris Larsen, Pantera Capital, and Kraken are also involved.
Market News: Solana Founder Begins Building Percolator PERP DEX
Market sources report that Solana founder Anatoly has started building a PERP DEX called Percolator on Solana.
BitMine Added About 203,800 ETH Last Week, Total Ethereum Holdings Reach 3.236 Million
According to PR Newswire, Nasdaq-listed Ethereum treasury company BitMine disclosed updated crypto Holdings as of October 19, Eastern US time: 3,236,014 ETH and 192 BTC, plus $119 million in Eightco Holdings shares and $219 million in unsecured cash. The Ethereum Holdings increased by 203,826 ETH from last week’s data.
Public Company Greenlane Holdings Raises $110 Million Private Sale to Launch Berachain Asset Management Strategy
Official sources report that Greenlane Holdings, Inc. (Nasdaq: GNLN) has completed a private equity investment PIPE transaction, led by Polychain Capital with participation from Blockchain.com, Kraken, North Rock Digital, CitizenX, dao5, and others. The company plans to use the net proceeds to implement a digital asset management strategy and acquire Berachain blockchain’s native cryptocurrency BERA. BERA will become the company’s primary reserve asset.
Forbes: Trump’s Youngest Son Barron Has Net Worth Over $150 Million from Family Crypto Business
Forbes reports that Trump’s youngest son Barron has a net worth slightly over $150 million from the family’s crypto business. In September 2024, DT Marks Defi LLC, which holds Trump family World Liberty equity, received a total of 22.5 billion $WLFI crypto tokens. According to Trump’s presidential financial disclosure, he holds 70% of DT Marks Defi LLC, with his family holding the remaining 30%. Sons Eric, Don Jr., and Barron are listed as co-founders, each getting 10% if the 30% is split equally. Company and client data show that by August 2025, World Liberty had sold about $675 million in tokens. Barron’s after-tax Return is about $38 million. In March, World Liberty announced a new product—a USD-pegged Stablecoin USD1. The coin’s market capitalization is about $2.6 billion, suggesting the operating company is valued at about $880 million. A Trump family entity appears to hold about 38% of the project, with Barron’s share estimated at $34 million. In August, World Liberty reached an agreement with listed medical company Alt5 Sigma, which is trying to pivot to a crypto treasury company. Alt5 used previously raised funds to buy $717 million worth of World Liberty Financial tokens, with over $500 million flowing to Trump family companies, and Barron receiving about $41 million after tax. Barron also holds about 2.25 billion World Liberty tokens, 10% of the initial 22.5 billion allocated to Trump family affiliates. Overall, Barron’s 10% token holding is currently valued at about $45 million. Adding up all assets, Barron’s net worth is slightly over $150 million.
Strategy Discloses $18.8 Million Purchase of 168 Bitcoin
Official sources report that Strategy (formerly MicroStrategy) disclosed it purchased 168 Bitcoin for about $18.8 million at an average price of $112,051 per coin, and its Bitcoin Yield for YTD 2025 is 26.0%. As of October 19, 2025, it holds 640,418 Bitcoin, acquired at an average price of $74,010, with a total cost of about $47.4 billion.
Coinbase Hackathon Accused of Awarding Prizes to Fake Apps Linked to Employees
Cryptopolitan reports that Coinbase’s Base network hackathon is under heavy criticism. Community members investigated and found that winning projects may be linked to Coinbase employees. Last month, the platform held the “Onchain Summer Awards” competition, with over 500 developer teams vying for $200,000 in prizes, and organizers claimed winners were chosen based on actual app user participation. But when results were announced on October 7, developers noticed anomalies. Ogvio co-founder Alanas investigated and found that second and third place winners owatch and Opi Trade were likely fake apps—AI-generated web pages with no real functionality. These fake projects were linked to Coinbase employees. Legitimate teams with real products lost to shell projects. Many developers with practical apps were on the participant list and angrily demanded the Base team explain why fake projects won, but organizers have remained silent.
Binance Alpha and Binance Futures to List Bluwhale (BLUAI)
Official announcement: Binance Alpha will list and open trading for Bluwhale (BLUAI) at 19:00 on October 21, 2025 (UTC+8). Additionally, Binance Futures will launch the BLUAIUSDT perpetual contract at 19:30 on October 21, 2025 (UTC+8), with up to 50x leverage. All eligible Binance users will receive exclusive token airdrops. Eligible users must Claim the Alpha airdrop using Binance Alpha points via the Binance Alpha event page between 19:00 on October 21, 2025 and 19:00 on October 22, 2025 (UTC+8). Users can access the Binance Alpha event page via the Binance App’s search function. Click here for more information on how to Use Binance Alpha points to Claim the Alpha airdrop.
Ethereum Core Developer Criticizes Foundation Compensation System, Says Six-Year Total Pay Only $625,000
Ethereum core Developer and Geth client lead maintainer Péter Szilágyi publicly criticized the Ethereum Foundation (EF) internal compensation system and governance structure, saying he is “deeply disappointed with EF.” Szilágyi stated that working at EF has “always been a bad financial decision,” with total pay of only $625,000 (pre-tax, no incentives) over six years, during which ETH’s market capitalization grew from zero to about $450 billion. He noted that this low-pay structure forces those who truly care about protocol development to seek compensation elsewhere, creating risks of “protocol capture by interest groups.” Szilágyi also criticized EF for unfair pay, lack of transparency, and power concentration, saying the foundation relies too much on “idealists who stay,” and maintains an opaque culture by hiding pay information. He pointed out that the Ethereum ecosystem has formed a small circle centered on Vitalik Buterin, with a few opinion leaders and VC firms controlling major projects and decision-making. Szilágyi bluntly stated that Ethereum has shifted from idealism to realism, with governance and incentive structures “designed to be capturable,” and said “it’s hard to see a bright future.”
Independent Miner Successfully Mined Block 919923, Earned 3.126 BTC Block Reward
According to mempool data, at 16:19:16 today, an independent Bitcoin Miner successfully mined block 919923, earning a 3.126 BTC Block reward, worth about $347,700.
CoinShares: Digital Asset Investment Products Saw $513 Million Net Outflow Last Week
According to CoinShares’ latest weekly report, digital asset investment products saw a total outflow of $513 million last week, with the digital asset market experiencing major Fluctuation after the Binance Liquidity event on October 10, 2025. The net outflow since the event has reached $668 million, indicating ETP investors were not greatly affected, while on-chain investors are more pessimistic. ETP volume this week remained high at $51 billion, nearly double the weekly average for the year. Outflows were almost entirely concentrated in the US, reaching $621 million, while investors in Germany, Switzerland, and Canada saw price weakness as a buying opportunity, with inflows of $54.2 million, $48 million, and $42.4 million, respectively. Bitcoin was the main focus and the only major asset with outflows, totaling $946 million last week. Year-to-date inflows are $29.3 billion, below 2024’s $41.7 billion. Investors saw Ether’s price weakness as a buying opportunity, with inflows of $205 million, including the largest weekly inflow of $457 million into 2x leveraged ETPs, highlighting investor confidence. Solana and XRP ETP launches brought in $156 million and $73.9 million in inflows, respectively.
