Odaily reports that Proposal 39 of Ethereum Layer 2 network Taiko has passed the community veto window and completed execution on both Ethereum L1 and Taiko L2. Following the upgrade, the ERC20Vault of the Taiko bridge now supports Permit and Permit2, allowing users to bridge tokens without initiating a separate Approve transaction; the Ether gas payment limit of the Taiko bridge has also been raised, and a new BridgedERC20V2 template has been deployed on both L1 and L2. Taiko stated that the related features have completed end-to-end testing, covering ETH, ERC20, ERC721, and ERC1155 assets as well as bidirectional bridging scenarios.

Odaily News: The US IRS released Revenue Procedure 2026-20 on October 6, updating and replacing Revenue Procedure 2025-31 issued in November 2025, clarifying that qualifying investment trusts and grantor trusts may participate in PoS staking while retaining tax benefit treatment. The IRS recognizes compliant staking as a "property preservation activity," keeping the trust on the passive side and preserving its investment trust and grantor trust status (IRC Sections 671 to 677).The safe harbor contains 14 requirements, including that shares be listed on a national exchange, that only a single digital asset be held, that assets be custodied by a qualified custodian, that the liquidity policy be approved by the SEC, and that staking rewards not be hoarded. The guidance applies to tax years ending on or after November 10, 2025.

Odaily: Polygon co-founder Sandeep posted that POL (formerly MATIC) remains "the most underrated and overlooked project." According to him, the POL community has recently accumulated and permanently burned 100 million POL through on-chain revenue, accounting for approximately 1% of the total supply, with an additional ~25 million POL set to be burned and currently being accumulated.Sandeep also stated that Polymarket has launched perpetual contracts on Polygon; with recent upgrades, Polygon PoS is gradually evolving toward a more advanced blockchain, and is expected to achieve 1-millisecond finality through block streaming in the future. Additionally, OMS will soon enable Polygon to process approximately 1 million additional transactions per day.

Odaily Report: Brian Armstrong posted on X platform stating that users can open the Coinbase App, tap the three horizontal lines in the top left corner, and select "IPOs" to participate in IPOs.

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.

Odaily reports that Circle co-founder and CEO Jeremy Allaire posted on X that the Circle x402 Facilitator service is now live on Arc. The service supports USDC settlement on Arc, Base, and Polygon PoS through EIP-3009. In addition, with the launch of Arc, market demand for cirBTC is growing. Currently, Circle Mint customers can directly mint and redeem cirBTC natively within the app. Each cirBTC is backed 1:1 by native BTC and can be redeemed for native BTC at a 1:1 ratio.

Odaily News: Positron, an AI chip startup focused on designing hardware that helps AI models run faster, said it has raised $875 million at a $5 billion valuation, with the company's value surging significantly over the past six months. The round was co-led by venture capital firms NEA, Atreides Management, Valor Equity Partners, Andra Capital, analyst Dylan Patel's SemiAnalysis Capital, and Netscape co-founder Jim Clark.Positron raised $230 million in its most recent funding round in February of this year at a $1 billion valuation. Positron said it has delivered approximately 50 Atlas server racks of its previous generation to Oracle, with other customers including financial firm Jump Trading and AI company Parasail. Positron is trying to gain an edge in the crowded chip industry by bringing its chips to market as quickly as possible. (The Wall Street Journal)

Odaily News - Users can now send supported tokens from networks such as Ethereum, Base, Arbitrum, and Sui directly to Jupiter without using bridge tools, and receive USDC directly in their Solana wallet. This feature integrates routing, cross-chain bridging, and swap processes, eliminating the need for users to switch networks or execute additional transactions. The service currently adopts a unified fixed fee structure, charging $0.30 per transaction—whether the transfer amount is $100 or $10 million, the fee remains the same.

Odaily News: Over the past 7 days, the top five revenue generators in the Ethereum ecosystem were Robinhood Chain ($8.26 million), Ethereum mainnet ($2.48 million), Base Chain ($0.84 million), and Polygon PoS ($0.5358 million). Robinhood Chain's revenue grew 1,653% quarter-over-quarter, contributing the vast majority of total revenue across the Ethereum ecosystem.

Odaily News: Polygon Labs has issued an urgent notice stating that following the activation of the Austin and Kyoto hard forks, Polygon PoS nodes still running older versions of Bor or Heimdall have fallen out of consensus and need to upgrade their clients and catch up with the network. Austin was activated at mainnet block 91,949,700, requiring nodes to run Bor v2.10.0 or higher. Kyoto was activated at block height 51,533,000, requiring nodes to run Heimdall v0.11.0 or higher. Austin addresses two types of Bor resource exhaustion risks: L1 to L2 bridge state sync events are not counted against the gas limit, which could slow down block processing; and the TxDependency field lacks size restrictions, which could lead to peer node crashes.