Odaily News: The Hyperliquid Assistance Fund has cumulatively purchased over 48 million HYPE tokens, with a total expenditure of approximately $1.365 billion. The current market value of these tokens has risen to approximately $3.953 billion. The fund primarily uses protocol trading fee revenue to continuously buy back HYPE from the open market, serving as a mechanism for the protocol to return value to token holders. Recently, Hyperliquid has also injected a portion of USDC reserve yields into the Assistance Fund through the AQAv2 framework to expand the source of buyback funds, so that buybacks no longer rely entirely on trading fees.

Odaily reports that Payy has initiated a claims process for affected users following the September 24 cross-chain bridge contract exploit, with a 30-day claim application window. Compliant claims will be paid out in USDC on the Ethereum network. Payy Wallet is currently suspended and will be fully shut down after the claims window closes. Previously, Payy's cross-chain bridge contract on Ethereum was attacked, with all funds in the contract drained, resulting in a loss of approximately $1.8 million.

According to Onchain Lens monitoring, a Bitcoin OG transferred $138.32 million USDC to Binance. This whale currently holds $200 million USDC and $61.68 million USDT, totaling $261.68 million.

Odaily reports that Binance has announced it will list RWUSD on October 13, 2026 at 08:00 (UTC), opening RWUSD/USDT spot trading alongside a zero-fee promotion running until further notice. RWUSD can be used as cross-margin collateral, though borrowing is not currently supported. Within one hour of the spot listing, Binance Convert integration will go live, enabling zero-fee conversions. RWUSD is a floating-term, daily-interest-bearing yield product, with returns derived from Binance ecosystem revenue and potentially backed by real-world assets such as U.S. Treasuries. The product is pegged 1:1 to the stablecoin used, and will be redeemable for USDC. Currently, RWUSD does not support deposits or withdrawals.

Odaily report: A wallet linked to TechnoRevenant staked 744,000 HYPE on Hypercore, borrowed 3 million USDC, then lost $1.7 million on Papertrade, and as a result received 136 million PAPER, becoming the second-largest PAPER holder and the trader with the largest realized perpetual contract loss on the platform.As of now, the wallet has earned back 1.051 million USDC through staking rewards, with a net loss of approximately $650,000. Before accounting for staking rewards, its average cost for PAPER was about $0.0125 per token, the highest among the top five holders.

Odaily reports: According to on-chain analyst Yu Jin's monitoring, a whale/institution has cumulatively sold 837.8 BTC and bought 27,500 ETH, with a total purchase amount of $69.68 million and an average price of $2,534. The entire process is as follows: BTC that was withdrawn from HTX about a year and a half ago was transferred to Hyperliquid, sold and converted into USDC, then the USDC was transferred back to Arbitrum and bridged to Ethereum, and finally ETH was purchased on the Ethereum chain.

Odaily reports that at 05:49 Beijing Time, USDC Treasury minted an additional 250 million USDC on the Solana network.

Odaily reports: Blockchain project Tempo has released a report stating that the U.S. Financial Accounting Standards Board (FASB) is proposing to adjust stablecoin accounting rules, allowing qualifying tokens to be classified as cash equivalents on corporate balance sheets, potentially reducing accounting barriers to corporate stablecoin adoption.Under current accounting practices, stablecoins—even when fully backed by U.S. dollars—may not qualify for inclusion in a company's reported cash reserves, thereby affecting liquidity ratios and loan covenants. The proposed rules would allow companies to use stablecoins for payments and settlements, but would require them to have direct redemption rights against the issuer.Purchasing USDC through an exchange may not necessarily qualify for cash equivalent recognition. In its 2025 annual report, Coinbase classified USDC and other payment-type stablecoins as cash equivalents, based on its redemption arrangement with Circle.The public comment period for the FASB's proposed rules will run until November 19, after which the board will review feedback and determine the final accounting changes and effective date. The proposal comes as the market size of USD stablecoins has surpassed $300 billion. (Cointelegraph)

Odaily News: According to Bitcoin News monitoring, the attacker behind the Ledger supply chain theft has moved nearly 3,000 ETH through Tornado Cash in three separate transactions, and transferred the funds into the Zcash privacy pool before converting them to USDC. Investigator @YFarmX stated that despite the use of privacy tools, they have traced 108 transactions completed through Zcash by exact value matching. An estimated $2.85 million in stolen USDC is still held in 3 wallets, and Circle may be able to freeze the related funds. Meanwhile, Tether is reported to have frozen $10 million in stolen USDT; wallets associated with the attacker still hold approximately $38.6 million in ETH and $16.9 million in BTC.

Odaily reports that according to Lookonchain monitoring, an address made 1,012 trades on Papertrade, with a cumulative trading volume of $10.1 billion, incurring a loss of $979,000; the address received 252 million PAPER tokens due to trading losses, and earned 997,000 USDC in staking rewards, ultimately making a profit of $17,800.