Author: John Smith

Sui has reported peak throughput of 40.6 million transactions per second in a live offchain test involving more than 10,000 tunnels, exceeding its July result of about 6.1 million TPS. Summary 40,614,180 TPS was recorded in offchain tunnels during the live demonstration at Sui Basecamp in Singapore. More than 10,000 tunnels supported payments, games, and chat activity, according to Sui. CertiK served as independent auditor, with a detailed review of the test data still pending. Sui’s previous AI payments work includes a partnership with Google’s Agentic Payments Protocol. Sui Foundation said the Oct. 7 demonstration tested infrastructure for rapid interactions…

Paxos has added XRP to its Crypto Brokerage platform, enabling partners to offer buying, selling, holding, depositing, and withdrawing for a token the company says is held across more than 8.1 million wallets. Summary Paxos has added XRP support for partner trading, custody, deposits and withdrawals. The XRP Ledger Foundation named PayPal, Venmo and major brokerages among Paxos’s existing clients. Schwab’s August token expansion included SOL, AVAX and LINK, without an XRP listing. Ripple has separately expanded custody support to Canton and brokerage services to Brevan Howard. Paxos said its brokerage now supports XRP, giving businesses using its infrastructure another…

Bitcoin, Ethereum, XRP, and Solana have fallen between 4.3% and 6.3% over the past 24 hours on Oct. 7, as the broader crypto market cap dropped 3.8% to $2.925 trillion. CoinGecko data showed Bitcoin trading at $82,855.50, down 4.3%, while… Source link

Circle has partnered with SAP-backed Tereina to bring USDC and EURC payments into SAP business software, starting with SAP Pay and SAP Cloud ERP. Summary Circle and Tereina will integrate USDC and EURC into SAP Pay for eligible enterprise customers. SAP says its customers generate 84% of global commerce, giving the integration extensive enterprise reach. Arc will serve as the preferred blockchain for the partnership’s initial stablecoin payment workflows globally. USDC circulation stood at $74.1 billion on October 5, according to Circle’s latest reserve data. Tereina and Circle plan customer pilots, training programs, and enterprise stablecoin studies over coming months.…

Ethereum made rollup transactions cheaper by giving them lower cost data space. The savings helped users and applications, but they also made it harder for a small chain to earn enough from transaction fees to support a sequencer, bridge, security work and developers. Two October shutdown announcements have turned that balance sheet from a theory into a withdrawal deadline. Summary Blast said on October 2 that the cost of maintaining its layer 2 exceeded the revenue it generated, and asked users to use its regular withdrawal interface by October 26. Abstract, the Pudgy Penguins affiliated consumer chain, is also set…

Robinhood has added $25 million worth of Bitcoin to its balance sheet as the trading platform puts company capital behind a crypto business spanning trading, tokenized stocks, derivatives and blockchain infrastructure. Summary Robinhood has added $25 million worth of Bitcoin to its balance sheet, with crypto chief Johann Kerbrat describing the purchase as an effort to align the company with the crypto community. The purchase comes as Robinhood expands its crypto business through perpetual futures, tokenized stocks, Bitstamp and its Ethereum Layer 2 network Robinhood Chain. Strategy purchased another 334 BTC for roughly $28.7 million between Sept. 28 and Oct.…

Naver Financial and Dunamu have postponed their comprehensive share swap for a third time, moving the planned completion from Dec. 31, 2026, to March 31, 2027, as regulatory reviews remain underway. Summary Naver Financial and Dunamu have postponed their comprehensive share swap for a third time, moving the planned completion date from Dec. 31, 2026, to March 31, 2027. The shareholder record date has been moved to Jan. 18, while the extraordinary shareholder meeting needed to approve the transaction is now scheduled for Feb. 26. The deal still requires regulatory procedures including a Korea Fair Trade Commission business combination review…

Winklevoss Asset Services has filed with the U.S. Securities and Exchange Commission to launch a spot Zcash ETF on Nasdaq under WINK, with a 0.25% annual fee and up to $100 million of nonbinding purchase interest from Winklevoss Capital. Summary Winklevoss Asset Services filed for a Nasdaq Zcash ETF that would directly hold ZEC tokens. The proposed WINK fund would charge 0.25% annually and use Gemini Trust for ZEC custody. Winklevoss Capital affiliates indicated interest in buying up to $100 million of shares after launch. Grayscale’s competing ZCSH already trades on NYSE Arca and recently completed a three-for-one share split.…

Winklevoss Asset Services has filed for a Nasdaq-listed spot Zcash ETF under the proposed ticker WINK, as ZEC has gained more than 5% in 24 hours and is trading above $1,376. Summary WINK would hold ZEC directly, with Gemini Trust Company serving as the fund’s custodian. Authorized participants would use cash to create and redeem shares under the proposed structure. Grayscale’s existing Zcash ETF recorded $93.56 million in withdrawals during the week ended Oct. 2. Developers have scheduled an Oct. 20 decision on NU7’s proposed November mainnet activation. Winklevoss Asset Services filed an S-1 registration statement with the U.S. Securities…

A $6 million exploit at an unidentified Base vault has exposed a gap in vulnerability reporting, according to Immunefi’s head of security, with roughly $31.7 million remaining in the vault at the time of the incident briefing. Summary About $6 million in wstETH was taken after a malicious contract gained access to the vault. Seven Safe signers remained unidentified, with no public team response more than 24 hours later. Immunefi’s security chief said approved addresses could take vault assets without putting up collateral. Magalhães said a bug bounty could have caught the flaw, but anonymity complicated whitehat action. Gonçalo Magalhães,…