News
Key developments in crypto markets and blockchain projects
• Kalshi’s single‑market trade volume grew 19‑fold but average trade size fell from $127 to $40, while combo markets now account for 20% of trades with average size rising to $61.69 • Ethena’s fee switch awaits USDe supply of $7.5 B; current supply $4.66 B and TVL down 5% over 30 days • New OCC report finds nine banks debanked over 100,000 lawful businesses, many pro‑crypto • Blockchain Association urges clearer definitions for the Treasury’s GENIUS Act stablecoin rules • JPMorgan releases first‑ever long‑term Bitcoin return forecast • Arbitrum launches stablecoin growth program • Charles Hoskinson builds new programming language for Cardano • Curve LP tokens can be used as collateral while still earning emissions and fees • Optimum launches mump2p to boost validator performance • Raydium Q3 revenue grows 264% • Hyperliquid users down $280 M all‑time, fees over half of losses • HoneyB raises $5 M • Visa looks to acquire Fireblocks • NEAR Intents October 1 exploit post‑mortem • OpenAI says AI found two critical flaws in PHP