Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X platform that Defiance CEO and ASD issuer Matt Bielski said Yamo Pharma's L1-79 "changed lives," as his 4-year-old son Lev has severe autism. L1-79 is currently in Phase 2 clinical trials and is poised to become the first FDA-approved autism treatment; approximately 1 in every 31 children in the United States is diagnosed with autism, including Bielski's youngest son.

Odaily: Cardano Card will cease service on October 31, 2026, though existing cardholders can continue to use it normally until then. Its partner Wirex is transitioning to a non-custodial model and deactivating its custodial infrastructure, with the partnership between the two parties set to terminate on the same date. Cardano Card stated that more details regarding the next steps for the program will be announced soon.

Odaily News: On October 8, Metis announced the launch of the Metis Rise monthly developer incentive program, rewarding teams that deploy new AI Agents on the Metis Andromeda mainnet, acquire real users, and generate real on-chain economic activity.Metis stated that while many teams can currently build Agents capable of answering questions, Agents that can get paid, prove their identity, and earn sustained transaction trust remain scarce. Metis Rise aims to support developers in exploring this direction, help developers innovate, and drive the growth of AI Agent applications within the Metis ecosystem.Metis also stated that it is building an execution and data layer for AI Agents, and that Andromeda's decentralized sequencer (DSeq) can eliminate the single point of failure that trustless transactions between Agents depend on.The program focuses on the "economic usability" of AI Agents, covering four categories of needs: payments (x402), identity (ERC-8004), stablecoin escrow (Escrow), and independently verifiable on-chain signature receipts.In terms of participation thresholds, developers need to meet the following conditions each month:- At least 15 valid monthly active users;- Each counted user must complete at least 3 qualifying transactions on Metis Andromeda, or settle an amount of no less than $2 (m.USDC, m.USDT, or METIS);- Primary user transactions, settlement volume, and Gas consumption must occur on the Metis Andromeda mainnet.The program is open to all developers, but is limited to projects newly deployed on the Andromeda mainnet. It supports any AI Agent framework and hosting method, including ClawUp, GOAT AgentKit, or self-built backends, and supports a dual-chain architecture based on GOAT Network. Metis Rise is hosted by Metis, with ClawUp, GOAT Network, and LazAI as ecosystem partners.

Odaily reports that AI computing power operator KONST has completed a $30 million Series B funding round, led by ADATA Technology, with strategic participation from corporate investors including M Mobility and Pegatron Venture Capital. The new funds will be used to expand its AI data center construction and accelerate its Token Factory strategy. (Aithority)

Odaily reports that the Polkadot community recently submitted a proposal on the SubSquare platform titled "DOT DAO Strategy Mandate," advocating for a shift in the DAO's strategic focus from ecosystem expansion and total value locked (TVL) growth to end-user acquisition and real-world use cases, and planning to build a user-facing Polkadot Product Platform.Another core component of the proposal is the launch of a permissionless DOT-collateralized stable asset called dotStables, with priority support for dotUSD. The asset adopts a collateralization model similar to Liquity, aiming to ultimately convert stablecoin demand into demand for DOT. In terms of platform design, it will be compatible with existing parachain infrastructure and emphasize a freemium model, mobile-first approach, self-custody, privacy protection, and login-free user experience. Currently, the proposal is still in the governance preparation stage.

Odaily News: The Sui Foundation has announced a $30 million investment in DATA Network. As part of the strategic partnership, DATA Network will join the Sui tech stack and integrate with on-chain data storage platform Walrus. The Sui Foundation will become the largest institutional holder of DATA Network, alongside existing stakeholders PIP Labs and DATA Foundation. DATA Network will upgrade to a protocol running natively on Sui, its standalone chain will be retired, and existing DATA tokens will migrate to Sui at a 1:1 ratio. The original network will continue to operate until the transition is complete, and the Sui Foundation will release a detailed timeline ahead of the upgrade. Walrus will become the default storage layer for applications operated by DATA Foundation. DATA Foundation pivoted from general intellectual property infrastructure to AI training data in June of this year. Its Trace product, launched in June, is used to track the provenance and usage rights of AI training data and settle payments to data contributors. The Trace registry has recorded over 250 million contributions since launch and currently processes more than 3 million receipts per day. The co-founder and Chief Product Officer of Mysten Labs stated that the AI industry has entered a phase where open internet content has been fully read, and the next frontier is accessing consented datasets with the provenance proofs required for regulatory compliance. After DATA Network and Trace migrate to the Sui tech stack, they will provide large volumes of high-quality, rights-clear data that already serves leading AI labs globally.

Odaily News: According to Gate data, Germany's DAX 40 (GER40) has risen above 25,200 points, currently at 25,210.40, up 0.2% from the previous trading session's close.

Odaily News: The XRP Ledger Foundation posted on the X platform to clarify the recent XRP Ledger security vulnerability incident, stating that the vulnerability could potentially have been used to bypass the limit that fixes XRP's total supply at 100 billion, but it was fixed two weeks ago via version 3.4.1. Furthermore, upon verification, no new XRP was found to have been created, and the total amount of XRP currently circulating on the ledger is approximately 99.986 billion.The Foundation stated that the vulnerability would have required hundreds of deliberately constructed operations to trigger, and normal payment transactions would almost never involve it. In the future, it will strengthen formal verification, AI adversarial testing, security research collaboration, and bug bounty programs with RippleX and the community. Regarding the fix process, the Foundation explained that publicly releasing a patch could allow attackers to use AI to accelerate vulnerability analysis. To address this situation, the XRPL community engaged in coordination. Participating parties including the XRP Ledger Foundation, RippleX, core developers, and validators reached a social consensus and agreed to adopt the approach of directly releasing the fix. In addition, version 3.4.1 only became a version the network was required to adopt after going through the normal amendment voting process and receiving support from more than 80% of validators for two consecutive weeks. Protocol changes still need to be completed through the amendment mechanism.Previously, RippleX engineering lead J. Ayo Akinyele also posted on the X platform, stating that he attaches great importance to the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine. This vulnerability is a serious security issue that has existed in the codebase for more than 10 years and could theoretically lead to the over-creation of XRP, breaking through the fixed supply cap. However, before the vulnerability could be exploited, it was discovered by the security research firm Veria AI through Ripple's bug bounty program.

According to Odaily, billionaire Adam Weitsman posted on X platform that he purchased 117 Pudgy Penguins NFTs on-chain this weekend. Adam Weitsman stated that Pudgy Penguins is one of his favorite NFT collections, and he hopes this purchase will support the project, adding that "the penguin community will continue to stay strong."

Odaily reports: Darkfost posted on X platform stating that Bitcoin has entered a phase of significantly increased selling pressure. After the recent rebound pushed Bitcoin's price above $85,000, the "seller exhaustion" indicator has signaled that potential selling pressure is rising; this indicator combines profitable supply and volatility to identify risk and calm phases, and this increase is particularly pronounced among short-term holder groups. The current indicator level has approached the threshold seen at multiple local tops earlier in this cycle, and it remains to be seen whether demand can improve and volatility can converge.