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Crypto Market Sees Mixed Performance as Layer2 and DePIN Sectors Both Surge Over 6%, While NFT Sector Edges Lower
Odaily News — On October 12, according to SoSoValue data, crypto market sectors showed mixed performance. The Layer2 sector rose 6.62% over 24 hours, with Starknet (STRK) surging 111.53%, while Optimism (OP), Celestia (TIA), and zkSync (ZK) gained 15.45%, 20.38%, and 34.23% respectively. Meanwhile, the DePIN sector rose 6.24%, with Grass (GRASS) up 49.41% and Filecoin (FIL) up 13.91%.In addition, Bitcoin (BTC) rose 1.43%, breaking through $83,000; Ethereum (ETH) gained 0.14%, breaking through $2,500.Other standout sectors include: the RWA sector rose 4.74% over 24 hours, with Plume (PLUME) up 22.68%; the DeFi sector gained 2.29%, with Wormhole (W) up 37.16%; the PayFi sector rose 0.86%, with Zcash (ZEC) up 6.47%; the Layer1 sector gained 0.61%, with NEAR Protocol (NEAR) up 15.52%.Among other sectors, the Meme sector declined 0.58%, with MemeCore (M) down 12.49%; the CeFi sector fell 0.72%, with Cronos (CRO) down 1.43%.Crypto sector indices reflecting historical sector performance showed that the ssiDePIN, ssiRWA, and ssiDeFi indices rose 6.37%, 4.74%, and 1.94% respectively.
Binance to Distribute Micron Technology (MU) Dividends via bStocks
Odaily News: According to an official announcement, Binance will distribute Micron Technology (MU) stock dividends to users holding MUB through bStocks. After deducting applicable withholding taxes, fees, and other related expenses, the net cash dividend will be automatically reinvested in the same underlying security, and eligible users will receive dividends in the form of MUB stock tokens.Users holding MUB balances on-chain will receive bStocks dividends through a multiplier adjustment. The snapshot time for this dividend eligibility is October 14, 2026, 8:00 (UTC+8), at which point users holding MUB balances will qualify for the dividend.
Crypto Market Sees Broad Decline, RWA Sector Drops 6.73%, BTC Briefly Falls Below $83,000
Odaily News: On October 8, according to SoSoValue data, crypto market sectors declined broadly, with the RWA sector leading the drop, falling 6.73% over 24 hours. Among them, Sky (SKY) dropped 9.85%, and Ondo Finance (ONDO) fell 3.61%. Meanwhile, Bitcoin (BTC) declined 2.41%, briefly falling below $83,000 during intraday trading; Ethereum (ETH) dropped 3.86%, falling below $2,600.In other sectors, the CeFi sector declined 1.05% over 24 hours, with Cronos (CRO) falling 4.56%; the Layer1 sector dropped 1.70%, but NEAR Protocol (NEAR) rose 5.40%; the DeFi sector fell 3.09%, with Morpho Token (MORPHO) declining 4.46%; the Layer2 sector dropped 3.33%, with ImmutableX (IMX) falling 4.78%; the PayFi sector declined 3.58%, with Telcoin (TEL) falling 4.61%; the Meme sector dropped 3.61%, with Cash Cat (CASHCAT) falling 7.65%.Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiDePIN, and ssiSocialFi indices declined 6.42%, 5.84%, and 4.79%, respectively.
Flying Tulip Issues ERC-721 Perpetual Options NFTs in First Sale, Andre Cronje Says NFTs Should Be More Than JPEG Wrappers
Odaily Report: Andre Cronje posted on X platform stating that he has long believed NFTs can and should serve purposes beyond "JPEG image wrappers." The Flying Tulip project issued perpetual options to participants in its first sale, with these options issued as ERC-721 NFTs, encompassing FT tokens and the right to redeem invested funds if the project's direction does not meet expectations. Andre Cronje stated that this design provides investors with "full downside protection while retaining upside exposure." Users can trade FT tokens on the secondary market or purchase PUT options on Flying Tulip's perpetual options market.
Cumulative burn reaches 428 million CRO as Cronos proposal passes, with 100% of related revenue to be used for buyback and burn
Odaily reports that according to Cronos Network monitoring, two tokenomics proposals have been approved by community vote. 228 million CRO from the Cronos community pool has been burned, bringing the cumulative burn to 428 million CRO. 100% of revenue generated by Cronos Ult and Cronos Launch will be used to buy back CRO on the open market, with monthly burns, and the relevant transaction hashes will be made public. The staking reward mechanism remains unchanged, with related rewards continuing to be funded by the strategic reserve.
Microsoft X account hacked to promote Clippy-themed Meme coin
Odaily reports: Microsoft's official X account was accessed without authorization on Thursday, briefly following and promoting accounts linked to an unofficial Meme coin, reposting related tweets, and changing its profile picture to Clippy.The related content was deleted approximately 30 minutes later. Microsoft subsequently confirmed that the account had been secured, the unauthorized posts had been removed, and that it would continue investigating. Microsoft stated that it never authorized anyone to use its intellectual property, including Clippy, to promote tokens, and plans to take legal action.The token is named CLIPPY. The account Clippy MSFT had promoted a liquidity pool valued at over $200,000. Some promoters claimed it was backed by Microsoft's actual stock, but this claim has not been verified and has no official association with Microsoft. (Bitcoin.com News)
Crypto market rallies broadly, AI sector up nearly 10%, BTC briefly breaks $87,000
Odaily News: On September 22, according to SoSoValue data, the crypto market rose across the board, with the AI sector showing strong performance, up 9.66% in 24 hours. Among them, Bittensor (TAO) rose 18.97%, Akedo (AKE) surged 13.63%, and Fetch.ai (FET) gained 14.01%. Meanwhile, Bitcoin (BTC) rose 5.31%, briefly breaking above $87,000 during intraday trading; Ethereum (ETH) rose 2.63%, breaking above $2,700.Notably, MAG7.ssi rose 4.54%, DEFI.ssi rose 0.01%, and MEME.ssi rose 11.08%.In other sectors, the Meme sector rose 8.91% in 24 hours, with Pepe (PEPE) up 25.19%; the PayFi sector rose 4.22%, with eCash (XEC) up 10.11%; the Layer2 sector rose 2.77%, with ImmutableX (IMX) up 8.00%; the Layer1 sector rose 1.85%, with Sui (SUI) up 12.68%; the CeFi sector rose 1.49%, with Cronos (CRO) up 8.19%; the DeFi sector rose 1.04%, with Raydium (RAY) up 7.14%. Crypto sector indices reflecting historical sector performance showed that the ssiMeme, ssiAI, and ssiGameFi indices rose 11.54%, 9.74%, and 7.52% respectively.
All product revenue will be used for buyback and burn, Cronos Labs initiates CRO governance proposal
Odaily reports that Cronos Labs has initiated a governance proposal on GitHub to use all product revenue generated by Ult and Cronos Launch on a monthly basis for open market buybacks and burning of CRO, with the relevant on-chain transaction hashes to be made public. Operational, infrastructure, and growth expenditures are planned to be covered by existing funds.Additionally, Cronos Labs plans to use strategic reserves to supplement future Cronos POS staking rewards, in order to maintain existing reward parameters as CRO inflationary emissions gradually decay. The staking method, lock-up period, and reward structure will remain unchanged. The proposal is currently in the discussion phase and will subsequently be submitted for on-chain governance voting; the voting period is 14 days, the quorum is 33.4% of staked CRO, and it will pass with more than 50% of non-abstaining votes in favor.
ACX will be discontinued on January 8, 2027, and Across Protocol has launched a token redemption portal
Odaily reports that Across Protocol has announced the launch of its token redemption portal. The protocol has been transferred to a new company, Across, Inc. (AcrossCo), and ACX will be gradually phased out. After January 8, 2027, ACX will lose all governance, utility, and economic functions. Token holders can choose between two options before the deadline: exchange ACX for AcrossCo equity at a 1:1 ratio, with an implied valuation of $0.04375 per token, with a minimum holding of 250,000 ACX in principle, allocated on a first-come, first-served basis, and subject to KYC completion, with U.S. applicants required to be accredited investors; or redeem for USDC at a fixed price of $0.04375 per token, subject to standard sanctions screening.
AI data security company MIND completes $72 million Series B funding, led by Crosspoint Capital Partners
Odaily News: AI-native data loss prevention (DLP) security company MIND has announced the completion of a $72 million Series B funding round, led by Crosspoint Capital Partners, with participation from existing investors YL Ventures and Paladin Capital Group. To date, the company's total funding has reached $112 million.MIND revealed that the company has joined the Anthropic Cyber Verification Program and obtained ISO/IEC 42001 certification. This round of funding will be used to accelerate the development of its AI-native DLP platform, expand into the enterprise market, deepen technology and channel partnerships, and grow its team. (PRNewswire)
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