Important News from Last Night and This Morning (September 27 - September 28)

Next upgrade increases HIP-4 deployment limit and lowers funding fee cap

Co-founder Jeff Yan announced on the official Discord that the next network upgrade will increase the number of active results that a single deployer can maintain simultaneously from 100 to 200, and the daily deployment limit from 500 to 1000, based on feedback from builders. At the same time, the funding fee cap for perpetual contracts will be lowered from 4% per hour to 0.5%. The official stated that this cap is rarely reached in actual trading.

Hegota may be Ethereum's last "regular" upgrade before transitioning to a "cryptographic world computer"

Co-founder Vitalik Buterin published an article titled "The Cryptographic World Computer," stating that Ethereum is evolving from a traditional blockchain into a "cryptographic world computer" that integrates blockchain, cryptographic privacy and verification, as well as decentralized off-chain components. He predicts that the Hegota upgrade, planned for implementation next year, may be Ethereum's last "regular" upgrade, with future core directions including recursive STARK, automated formal verification, highly optimized consensus algorithms, and quantum security. Vitalik stated that by 2030, Ethereum's block validation will shift from full downloads and re-execution to SNARK validation and PeerDAS data availability sampling; consensus will transition to an optimized PoS with low time-slot finality and available chain mechanisms, and block construction will shift from a single block producer to multi-party participation. On the user side, stronger censorship resistance, privacy protection, lighter node operation requirements, and time slots of about 4 to 8 seconds and final confirmation times of about 8 to 32 seconds are expected. He mentioned that PeerDAS has initiated Ethereum's transformation from a simple blockchain to a more robust system, and after Hegota, this transformation will become Ethereum's main narrative.

Female CEO becomes the youngest self-made female billionaire at 39

Co-founder and CEO Daniela Amodei has entered the U.S. 400 Rich List for the first time with a net worth of approximately $15.5 billion, becoming the youngest self-made female billionaire. She is responsible for the daily operations of the AI company, which is valued at nearly $1 trillion and plans to go public in the U.S. in November, and serves as the chair of the board. Reports cite market expectations that annual revenue will rapidly increase from $1 billion at the beginning of 2025 to $65 billion by the end of July 2026, with private secondary market valuations once pushed to about $1.5 trillion. As the company prepares for one of the largest tech IPOs in history, the value of equity for the founding team and employees has significantly increased, with several co-founders entering the ranks of global billionaires.

Democratic Party rejects Clarity Act provisions empowering the Treasury to combat money laundering by offshore exchanges

U.S. Senator Cynthia Lummis from Wyoming posted that the Democratic Party previously sought to grant the Treasury new powers to cut off funding channels for money laundering activities through offshore exchanges, and the proposed Clarity Act had provided the Treasury with relevant authority. However, she stated that the Democratic Party voted against the bill in the vote, thereby rejecting the legislative attempt to strengthen regulation of money laundering activities by offshore crypto exchanges.

NEAR spot ETF approved for listing on the NYSE

The NYSE has approved the listing of the NEAR Protocol spot ETF, with the ticker "NRR," making it the first NEAR spot ETF in the U.S.; previously, investors mainly gained exposure through the Grayscale NEAR Trust. The ETF has a management fee of 0.75% and is custodied and staked by Coinbase Custody; the listing date has not yet been announced, and following the news, NEAR briefly rose to around $5.

Data: 2Z, SUI, ENA, and other tokens will see significant unlocks next week, with 2Z unlocking approximately $114 million

Token Unlocks data shows that tokens such as 2Z, SUI, and ENA will see significant unlocks next week, including: DoubleZero (2Z) will unlock approximately 1.66 billion tokens at 9 PM Beijing time on October 2, with a circulation ratio of about 47.69%, valued at approximately $114 million; Sui (SUI) will unlock approximately 13.26 million tokens at 8 AM Beijing time on October 1, with a circulation ratio of about 0.32%, valued at approximately $16.7 million; Ethena (ENA) will unlock approximately 40.63 million tokens at 3 PM Beijing time on October 2, with a circulation ratio of about 0.45%, valued at approximately $11 million; Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM Beijing time on September 30, with a circulation ratio of about 2.81%, valued at approximately $10.8 million; Collector Crypt (CARDS) will unlock approximately 59.26 million tokens at 3 AM Beijing time on September 30, with a circulation ratio of about 10.62%, valued at approximately $10.7 million; EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12 PM Beijing time on October 1, with a circulation ratio of about 5.19%, valued at approximately $10.3 million; Falcon Finance (FF) will unlock approximately 77.14 million tokens at 9 PM Beijing time on September 29, with a circulation ratio of about 2.51%, valued at approximately $10.2 million.

Launch of the next-generation ultra-fast text model M3.1-Flash-Preview

An AI company has announced its latest text model M3.1-Flash-Preview, which has officially launched on Code. This model is designed for everyday development scenarios, and the official claims it can be used for rapid bug fixes and complete functionality in code development, emphasizing response speed and stability. Additionally, a limited-time event is being launched on Code: from September 28 to October 7 (UTC+8), users can earn double points for daily check-ins, applicable to code models including M3.1-Flash-Preview and the H3 model used for generating videos.

Monochrome Exchange, founded by former CEO, launches MCR IEO, raising over $5.5 million

Monochrome Exchange, founded by co-founder and former CEO Jeff Yew, has launched the MCR token IEO, raising over $5.5 million to date.

A Solana whale opens a 20x contract long position, currently up over $23 million

Address 0x9c6a opened a 20x leveraged long position about a month ago, going long on 550,087 SOL, with a nominal value of approximately $67.88 million, currently holding unrealized gains of over $23 million. The trader has placed a take-profit sell order around $200. If the SOL price rises to $200, the total profit from this leveraged trade is expected to exceed $65 million.

Analyst: A group on the chain has issued tokens 53 times, cashing out $18.43 million

On-chain analyst Wazz posted that he discovered a persistent "rug pull" cash-out group on-chain, which has been associated with at least 53 token launch projects in the past two months, cashing out a total of about $18.43 million, with the actual scale likely larger; the DEED token that triggered this investigation had a cash-out amount that didn't even make it into the group's top ten.

Release of the sci-fi novel "Snowmoon," incorporating governance settings such as secondary voting

Vitalik Buterin posted on the platform that he has completed his personal creation, a 32-chapter sci-fi novel titled "Snowmoon," with all text written by him, and AI only assisting with proofreading and consistency checks. The story is set in the fictional city-state of Veridia and involves governance and technical elements such as secondary voting, secondary financing, cryptographic lottery elections, and zero-knowledge privacy authentication. The work is open-sourced under the GPL v3 license, requiring that if adapted into film or animation, the adaptation process must also be open-sourced.

Plans to host a private dinner for CEOs at the White House on Sunday night

The U.S. President plans to host a private dinner at the White House on Sunday night for CEO Amodei. This dinner will mark the first one-on-one meeting between Trump and Amodei and indicates a warming relationship with the Trump administration. For a long time, government officials and their allies have had a tense relationship. Trump and House Speaker Johnson plan to meet with several top AI company CEOs at the White House on Tuesday, and this private dinner can be seen as a "warm-up" for that meeting.

Analyst: Bitcoin and other cryptocurrencies have performed poorly over the past decade, and the peak moment for cryptocurrencies has passed

Senior analyst Mike McGlone stated that from the perspective of risk and portfolio management, Bitcoin and other cryptocurrencies may be classified as underperforming assets over the past nearly decade. The Market Vector Digital Assets 100 Index (MVDA, about two-thirds Bitcoin) has been essentially flat since 2017, while the Nasdaq 100 Index (NDX) has continued to rise during the same period. Despite MVDA's volatility being about three times higher on average and positively correlated with the stock market, it has failed to provide effective risk diversification and has performed poorly from a risk and portfolio management perspective. McGlone believes that after Bitcoin futures were launched in 2017, cryptocurrencies entered the mainstream, and MVDA has not outperformed NDX since then; the listing of U.S. ETFs and the shift in stance before the 2024 Trump election may have marked the peak moment for cryptocurrencies. This situation is unlikely to change.

Driven by collaboration with U.S. clearinghouses, Quant (QNT) has risen over 340% in the past 7 days

Market data shows that Quant (QNT) has risen 342.1% in the past 7 days and 97.6% in the past 24 hours, currently priced at $298.75. According to an official announcement on September 24, U.S. clearinghouses will utilize Quant, a provider in the programmable currency infrastructure space, to provide technical support for its "on-chain currency program." This is a brand-new interoperable payment network designed to enable financial institutions of all sizes to clear and settle tokenized deposit transactions. Quant's technology will support the interoperability, orchestration, and transaction management layers of this network, coordinating the clearing and settlement of tokenized deposit transactions; at the same time, this technology will achieve interoperability with existing fiat payment systems (including RTP® and CHIPS® networks) that financial institutions and their clients use daily. The network operates the U.S. payment system, processing over $2 trillion in clearing and settlement transactions daily through wire transfers, automated clearing houses (ACH), check imaging, and real-time payments.

Data: In the past 7 days, USDT added 845,900 holders, more than double that of USDC

According to Token Terminal data, in the past 7 days, USDT added 845,900 holders, USDC added 390,800 holders, EURC added 69,800 holders, USDG added 23,300 holders, and CASH added 18,600 holders.

Partner: Tokenized stock holders may exceed 100 million within three years

Partner Dmitriy Berenzon stated that to date, there are about 4 million holders of tokenized stocks; and he predicts that the number of holders will reach 100 million within three years.

The so-called "anonymity attribute" of virtual currencies is fundamentally a false proposition

The Ministry of National Security published an article titled "Can Virtual Currency Crimes Be Tracked? Think Again!" which pointed out that virtual currencies have become important tools for criminals engaging in various illegal activities, breeding multiple security risks, including being a "hotbed" for money laundering crimes, a "cover" for cyber attacks, and an "accomplice" for espionage and theft. However, the so-called "anonymity attribute" of virtual currencies is fundamentally a false proposition, as blockchain retains complete transaction records and data, providing a basis for full-chain traceability. Looking at the ledger, the entire transaction leaves traces; checking the chain, real identities are hard to hide; discussing private keys, asset security has no bottom line.

Associated address recharged 6,100 ETH to Coinbase 8 hours ago, possibly from network fee income

An associated address recharged 6,100 ETH to Coinbase 8 hours ago, valued at $16.38 million. This ETH was transferred from the network to the Ethereum mainnet 6 days ago, possibly as network fee income.

Not an attack on the contract, over 200 ETH compensation has been issued

A statement released indicated that the recent incident was not an attack on the contract, but rather the application was affected by the fraudulent network "GIWA Chain 9134." This network was initiated by the operator controlling the bridging infrastructure, ultimately draining the real ETH supporting the network. The restored dataset shows that about 1,335 addresses bridged funds, with approximately 767.65 ETH entering the bridge, and ultimately about 766.25 ETH was drained; there were 1,479 operational records on that chain, of which 1,148 were successful, involving 298 wallets and 104 pools; over 200 ETH compensation has been issued to affected users using self-owned funds. The team is continuing to trace the deployers, sources of funds, batch processing infrastructure, and the flow of drained funds, and based on on-chain evidence, distinguish between attackers and real victims. Previous reports indicated that a false mainnet scam caused users to lose about 766 ETH.

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