🦙 Llama News Round-Up | 9 Oct - 16 Oct

News 📰
→ The CFTC seeks public comment on a proposal to classify prediction market contracts as swaps
→ DTCC and Chainlink detail 24/7 collateral management details for upcoming Collateral AppChain
→ France proposes 31% tax on stablecoin swaps
→ Ledger halts reseller sales after confirming unauthorized device tampering
→ South Korea blocks 27 unregistered overseas crypto exchanges
→ Interactive Brokers launches Ethereum staking service for clients
→ HEX & Pulsechain founder Richard Heart arrested in Turkey
→ Russia to ban P2P BTC trading by mid-2027
→ USDC becomes the first “significant” e-money token classified by the EBA

 Layer 1 & 2 ⛓️
→ Uniswap is upgrading to OP Enterprise
→ A new Ethereum proposal uses ZK proofs for private stablecoin transactions
→ Injective becomes the first L1 registered with the SEC as a transfer agent

DeFi 🏦
→ Tether blacklists four THORChain vaults on TRON network, then unfreezes them one day later
→ Blur’s frontend to shut down on November 12
→ Base launches Earn & Borrow stack for stablecoin yield and loans against crypto
→ Aave DAO approves incentives for Coinbase tokenized stocks market on Base
→ StarkWare launches OffMarket for trading Polymarket privately via Starknet zero-knowledge pools
→ Lido launches direct staking support on L2s via Chainlink CCIP
→ Uniswap launches VolatilePair Hook, beginning with ETH/USDC
→ 10/10/2026 was good for holder revenue

Reads 📚
→ Who is planting backdoors in Ledger crypto wallets?
→ Tempest: How PaperTrade 1000x perps work
→ CZ: Keep your crypto safu in 2026
→ DefiLlama Research: What happens to Circle’s revenue model when interest rates change?

Raises & Acquisitions 💰
→ Sui Foundation invests $30M in DATA Network
→ OpenAI considers acquiring Trail of Bits
→ Crypto payments network Mesh acquires Bluvo
→ Farcaster gets acquired again, this time by Network School
→ Binance seeks $100M at $1B valuation

Security 🛡
→ Papertrade loses $1.28M to BBO oracle manipulation
→ AI-native web3 security firm Firepan launches pentesting for web apps, APIs, infrastructure
→ Pirate Chain halted after exploit
→ A 2015 bug in XRP Ledger, which allowed for large amounts of XRP minting, was just patched

AI 🤖
→ a16z: How close is AI to breaking cryptography?
→ The IMF warns of an AI “crisis era” that would eliminate 40% of jobs around the globe
→ An OpenAI model accessed funds from a public seed phrase to finish a Sepolia testnet task
→ Octra bug bounty submissions drastically reduced after contributor builds 24/7 agent pipeline for security testing

Llama Update 🦙
→ The RWA dashboard got another big upgrade
→ Exploring helpful features found within the Yields dashboard
→ Yields API V2 is now live; migrate from V1 before November 12
→ Listen to the DefiLlama Research x Zama X space w/ CEO Rand Hindi here
→ The Equities dashboard now tracks 180 pre-IPO companies

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