CryptoDiffer News

ZetaChain Shuts Down L1, Migrates ZETA to Solana

ZETA holders voted to shut down the Layer 1 and migrate ZETA to Solana as a native SPL token, with the proposal passing 99.4% in favor on 58% turnout, well above the 40% quorum.

The team is redirecting its focus to Anuma, a private AI app it launched in February that now counts over 300,000 users and has served 1 million model requests across 35 models. It argues the project no longer needs its own chain, and pointed to the upkeep and security load of the Cosmos SDK stack, noting that AI tooling is making such vulnerabilities easier to find. ZetaChain raised roughly $27M three years ago. ZETA will convert 1:1 to a Solana SPL token, keeping its ticker, total supply and vesting schedules, though ZETA on Ethereum and BNB Chain is excluded from the move.

A second proposal will set the shutdown block and balance snapshot height once exchanges confirm support, so no firm date is locked in yet. ZETA slipped about 2.5% on the day as another well-funded Layer 1 opts to fold into a larger ecosystem rather than keep going alone.

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Fetch.ai Exploited for $2M via a Leaked Signing Key

An attacker used a leaked signing key to drain Fetch.ai's Ethereum token converter, then reused the same key to hit NuNet, walking away with roughly $2M across the two AI projects in one coordinated attack.

Around 8.7M FET (~$1.53M) was swept from Fetch.ai's TokenConversionManagerV3 contract on Ethereum, while on NuNet the attacker minted 408.5M NTX (~$452K), sending the token down about 95%. Security firms Blockaid and PeckShield attribute both hits to the same wallet cluster. Fetch.ai says it is also investigating unauthorized AGIX and WMTX mints, raising concerns over token supply across affiliated projects.

Fetch.ai has suspended its Ethereum bridge while it investigates and works to contain the fallout. The incident pushes September's crypto hack losses past $333M, with a single attacker responsible for much of this weekend's damage.

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a16z-Backed Linera Shuts Down Over Funding

Linera is shutting down immediately, the a16z-backed Layer 1 blockchain told its community, citing insufficient funding to keep operating.

Its token sale on Sonar drew nearly $900K in commitments but missed the minimum threshold, so all contributions were refunded, and a last-ditch emergency funding push also failed. Founded by former Meta researcher Mathieu Baudet, Linera raised roughly $12M across two rounds in 2022 and 2023, with a16z backing both alongside Borderless Capital, GSR, Matrixport Ventures, and Flow Traders. The team is winding down its app and Discord, and says Points balances will stay on record with no guaranteed future benefits.

Linera says it still hopes to finish the protocol and ship applications one day, but with no timeline and no money in the tank, another well-backed Layer 1 joins crypto's growing list of shuttered chains.

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Binance Wallet Launches Pre-Access With PancakeSwap

Binance Wallet launched Pre-Access, a new campaign hosted by PancakeSwap that gives users tokenized, indirect exposure to popular private companies before they potentially go public.

The program is fully on-chain and self-custodial: users join with BNB or stablecoins, then raise their allocation quota through Alpha Points and on-chain bStocks trading volume and holdings. Binance stresses the exposure is indirect and contractual, routed through third-party structures such as a fund, LP, or SPV rather than direct ownership of shares or equity, and warns the tokens are high-risk, may be illiquid, and subject to lock-ups. The first project is set to be revealed soon.

Binance frames Pre-Access as one piece of a unified on-chain TradFi journey spanning pre-IPO deals and RWAs, pitching everyday users a shot at early-stage exposure once gated by geography, wealth, or institutional privilege.

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MAJOR UPCOMING EVENTS THIS SEPTEMBER!

A full list of Major Upcoming Events, to be updated
👉 https://cryptodiffer.com/events

Top Exchanges by Active Perp Liquidity (USD markets)

Binance and MEXC each hold nearly $3B in active perp liquidity, about double any other venue. Then a sharp drop: Hyperliquid $2.09B, Gate $1.83B, and Bitget with ~$1.1B.

The story here is Hyperliquid — the only DEX near the top, beating Bybit, OKX and Bitget on active perp liquidity. On-chain perps now compete with the biggest CEXs for real depth.

Anthropic Sets Up Biology Lab to Expand AI Drug Research

Anthropic has quietly established a wet lab in the San Francisco Bay Area, moving beyond purely computational research as it expands its AI-driven life sciences program. The company says the lab will combine in-house biological experiments with work conducted by external partners.

Anthropic aims to use Claude and robotic systems to automate parts of laboratory work, while keeping human oversight in place for safety. The company is also developing tools for drug research and has acquired biotech startup Coefficient Bio, while collaborating with pharmaceutical firms including Genentech, Bristol Myers Squibb and Novo Nordisk.

The company is targeting areas that could benefit from faster preclinical research, including diseases that have historically been considered difficult or uneconomical to treat. Anthropic says it will not run clinical trials for now, keeping that part of the drug development process with pharma and biotech partners.

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Ethena to permanently unlock StablecoinX's ENA on October 5

Ethena Foundation and Ethena OpCo have agreed to permanently waive the lock-up on the ENA held by StablecoinX, its Nasdaq-listed treasury vehicle, with the release taking effect on October 5.

The waiver terminates a 48-month contractual lock, plus all vesting and unlocking restrictions, on StablecoinX's ENA position, aligning it with the release date the Foundation already set for other ENA holders. Going forward, StablecoinX can sell ENA to fund working capital and strategic needs, but must give the Foundation at least five business days' notice, during which the Foundation may elect to buy the tokens first at the proposed price.

Freeing a large treasury stake makes more ENA sellable into the market, a supply overhang traders will watch closely, even as the right of first refusal hands Ethena a lever to absorb sales instead of letting them hit exchanges.

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dtcpay Extends Series A to $25M as SBI Group Invests

Singapore stablecoin payments firm dtcpay has extended its Series A to $25 million, after Japan's SBI Group came in as a strategic investor.

The round was led by Vertex Ventures Southeast Asia & India, which had anchored an earlier $10 million tranche, with further backing from Genedant Capital and returning investor Kwee Liong Tek. SBI Group is investing through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, framing the move as a strategic partnership to build a digital-asset payment corridor between Japan and Southeast Asia.

dtcpay, a licensed Major Payment Institution in Singapore, plans to use the capital to expand stablecoin settlement and merchant payments, adding a deep-pocketed Japanese backer as regional players race to wire stablecoins into everyday commerce.

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NYSE Eyes Avalanche for 24/7 Onchain Trading

NYSE is weighing Avalanche as the settlement layer for a 24/7 onchain trading platform its parent ICE is building for tokenized securities.

The venue would list tokenized securities that trade around the clock, pairing NYSE's Pillar matching engine with onchain settlement so stocks can change hands against stablecoins at any hour. NYSE executive Michael Blaugrund said Avalanche "checks a lot of those boxes for us, so we're very engaged with the team," while framing the work as an evaluation of an alternative trading system that is still in development, with no launch date set.

A live NYSE venue settling equities on Avalanche would be one of the loudest votes of confidence yet in public-blockchain rails for regulated markets, placing a Wall Street incumbent alongside the crypto-native infrastructure it once kept at arm's length.

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Hyperliquid Opens Manual Borrows on HyperCore

Hyperliquid has switched on manual borrowing across HyperCore, its native onchain money market, with roughly $269 million in assets already drawn since the feature went live.

HyperCore runs the lending book directly inside Hyperliquid's exchange layer, not as a separate HyperEVM smart contract. Users on Portfolio Margin, the platform's most capital-efficient account type, can supply eligible assets into a reserve to earn interest and borrow stablecoin reserves against the collateral they post. Stablecoin borrow rates follow a utilization curve that holds a flat 5% floor below 80% utilization, then climbs steeply as the reserve tightens.

Folding a money market straight into the matching engine lets Hyperliquid keep lending, margin and trading under one balance, deepening its push to house more of DeFi's activity onchain without leaning on outside protocols.

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Cryptomarket Check-In. Major Events & Headlines

Wall Street kept walking in: S&P Global agreed to buy OpenZeppelin, the firm securing $37T in smart contracts, Deutsche Bank went live with institutional BTC/ETH custody, and Circle's Arc L1 hit mainnet; while crypto's courtroom pile grew, from DOJ charges against two Robinhood engineers to Celsius's $495M suit against BitMEX.

Five that actually mattered:
— S&P Global agrees to acquire OpenZeppelin
— Deutsche Bank launches institutional BTC and ETH custody
— Circle's Arc, its USDC-gas stablecoin L1, goes live on mainnet
— DOJ charges two Robinhood engineers over front-running
— Celsius sues BitMEX for ~$495M over wrongful crash liquidations

The Graveyard of U.S. Crypto Laws

Token Taxonomy died in committee — three times. FIT21 passed the House, then died in the Senate. SAB 121 got vetoed. CLARITY just failed cloture 49-50.

The only U.S. crypto law to cross the finish line was about stablecoins. Market structure is still a graveyard.

Arc Introduces AI Coding Agent for Onchain App Development

Arc has introduced Arc Studio, an AI coding agent that turns natural-language prompts into full-stack onchain applications, including frontend interfaces, backend logic, and smart contracts.

Studio is built around Arc and Circle’s infrastructure, with integrations for CCTP, Gateway, Wallets, and other stablecoin tools. Generated apps can be tested across nine EVM chains, including Arc, Ethereum, Base, Avalanche, Arbitrum, and Unichain, while the resulting code can be exported into developers’ own repositories.

The tool is designed for payments, swaps, wallets, bridges, lending, staking, programmable payouts, and AI agent payment flows, with integrations across protocols including Aave, Morpho, and Uniswap. Developers can also use Studio through existing workflows with tools such as Claude Code, Codex, and Cursor.

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BitMine's $19B ETH Bet Is Now $5B Underwater

BitMine is the single biggest ETH holder on Earth: ~4.9% of all ether in existence, #1 ETH treasury, #2 crypto treasury behind Strategy.

Since July 2025 it bought ETH every single week, no misses: 5.82M ETH, $19.3B deployed at an avg entry of $3,321. At today's $2,435, that stack is worth $14.2B, a $5.1B unrealized loss, −27%.

SEC Greenlights Onchain Tokenized Stocks

The SEC issued an innovation exemption that permits limited onchain trading of tokenized NMS stocks, giving crypto platforms a temporary, conditional path to list and trade share tokens without full registration.

The order is part of Chair Paul Atkins' Project Crypto agenda and ships with guardrails, including exposure limits, disclosure requirements and a time-boxed sandbox, alongside a request for public comment. Tokenized shares can trade around the clock in fractional sizes, but holders receive price exposure only, without the voting or dividend rights that come with owning the underlying stock.

The move hands US crypto venues their clearest regulatory runway yet to bring equities onchain, setting up a parallel, 24/7 market for tokenized versions of Nasdaq- and NYSE-listed shares.

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Crypto.com Clears SEC for US Stock Futures

Crypto.com registered with the SEC for single-stock futures, clearing the way to offer US traders futures on individual stocks through its Nadex exchange and OG.com unit.

The registration became effective on September 14 and was acknowledged by the SEC on September 16. Nadex is already registered with the CFTC as a designated contract market and clearing organization. CEO Kris Marszalek said the firm is now working with both the SEC and CFTC to launch single-stock perpetual futures, days after Coinbase filed for equity perps of its own.

The push lines Crypto.com up alongside Coinbase in a race to bring regulated US equity derivatives, and eventually stock perps, onto crypto-native rails.

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World Launches World Money Super App

World launched World Money, a stablecoin-based financial super app that lets users get paid, hold balances, earn, invest and send digital assets globally, now rolling out across 150+ countries.

Existing World App and World ID users migrate automatically, and verified humans unlock boosted rewards in Earn. World Money holds eight fiat-pegged stablecoins, enables free cross-border transfers by username, taps Morpho for yield, and adds funding via Stripe and Apple Pay plus Bridge-powered virtual accounts for direct payroll. Mini Apps like Kalshi, Credit and Morpho plug in on top.

The launch reframes World from an identity network into a consumer finance app, pushing its proof-of-human model as the on-ramp for stablecoin payments at global scale.

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Ostium Defaults on $15M Loan, Heads to Court

Ostium defaulted on a roughly $15M crypto loan from a Hong Kong lender, and a New York federal court has now set a hearing in the escalating dispute.

The loan's assignee, ESS Frontier LLC, sued in the U.S. District Court for the Southern District of New York (case 1:26-cv-07645) and secured a temporary restraining order freezing Ostium's assets while it pushes the claim into arbitration. The default follows a July oracle exploit that drained about $23.75M from the onchain perpetuals exchange, which is also under CFTC scrutiny in the wake of the hack.

The fight puts a spotlight on how offchain lenders enforce claims against onchain protocols, testing whether US courts can freeze and recover crypto assets tied up in a DeFi platform after an exploit.

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S&P Global to Acquire OpenZeppelin

S&P Global has agreed to acquire OpenZeppelin, the security firm behind the open-source smart-contract library that underpins much of onchain finance, in a deal with undisclosed terms.

OpenZeppelin's audited Contracts library secures more than $37 trillion in value transferred, spanning the majority of major stablecoins and tokenized funds, and the firm has run over 900 security engagements since its founding in 2015. It will continue to operate under its own name as a distinct business unit, with CEO Demian Brener reporting to Yann Le Pallec, President of S&P Global Ratings.

The move pushes one of TradFi's biggest data and ratings houses deeper into digital assets, positioning S&P Global to build onchain security assessments and benchmarks as capital markets migrate onto blockchains.

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