[Lido revises EarnUSD fee model with lower fixed fees, higher performance fees]

Lido said it will revise the fee model for EarnUSD, its yield vault based on stablecoins, to introduce lower fixed fees, greater flexibility and a structure tied directly to vault performance.

Lido said the previous model centered on platform fees, while the new structure places greater emphasis on performance-based fees. Under the change, the assets under management fee will shift from 1% to as high as 0.5%, while the performance fee will rise from 10% to as high as 20%. The initial rates are set at 0.2% for the assets under management fee and 15% for the performance fee. Lido added lowering the assets under management fee from 1% to 0.2% would reduce the cost of holding EarnUSD when yields are low.
https://coinness.com/en/news/1170637

[Jeffrey Huang made $1.34M from 10 PUMP trades over five days]

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, made a total of $1.34 million from 10 PUMP trades over the past five days, Onchain Lens reported. Huang currently holds long positions worth 33,950 ETH ($92.56 million), 409 BTC ($35.22 million) and 180,000 HYPE ($16.16 million).
https://coinness.com/en/news/1170638

[Ethereum L2 Blast to shut down as profitability deteriorates]

Ethereum layer-two network Blast officially announced a full shutdown of chain operations, saying maintenance costs for the L2 network have far exceeded the revenue it generates, making sustainable operations impossible.
https://coinness.com/en/news/1170639

[2,398 BTC transferred from Coinbase to an unknown wallet]

Whale Alert reported that 2,398 BTC has been transferred from Coinbase to an unknown wallet. The transaction is valued at about $205 million.
https://coinness.com/en/news/1170640

[Trading in memecoins tied to Robinhood stock tokens surges on Robinhood Chain]

Trading in memecoins on Robinhood Chain is surging, with volumes tied to Robinhood stock tokens reaching about $440 million as of Oct. 2, Bloomberg reported. By directly linking memecoins and tokenized stocks in liquidity pools, the stock tokens are being used as trading infrastructure for memecoin speculation, according to Bloomberg.

On Sept. 2, memecoin-stock token trading volume hit $217 million, exceeding the same day’s direct stock token trading volume of $127 million.
https://coinness.com/en/news/1170641

[SBI Holdings completes $290M acquisition of Japan crypto exchange bitbank]

SBI Holdings has completed its acquisition of Japanese cryptocurrency exchange bitbank for $290 million, News Bitcoin reported. Following the deal, SBI is expected to hold about $6.97 billion in custody assets and 2.92 million cryptocurrency accounts across the group, making it Japan’s largest exchange operator by custody assets.
https://coinness.com/en/news/1170642

[NEAR Intents lead says full $3.8M stolen in hack has been returned]

Alex Shevchenko, who leads cross-chain protocol NEAR Intents, said on X that all funds stolen in a hack worth about $3.8 million had been returned and the related investigation would be halted. Shevchenko added that instead of carrying out service-disrupting attacks, users should use the bug bounty program.

He had previously warned that the attacker had been identified and called for the funds to be returned within 48 hours.
https://coinness.com/en/news/1170643

[Strive CEO sees digital credit market cap reaching trillions by 2030]

Matt Cole, CEO of Bitcoin-buying company Strive (ASST), said the digital credit market’s capitalization could reach trillions of dollars by 2030 and serve as a bridge in the transition toward a globally hyperbitcoinized future, BitcoinTreasuries reported. Cole added trust in fiat currencies would continue to decline.
https://coinness.com/en/news/1170644

[Upbit, Bithumb, Coinone place BLAST on delisting watchlist]

South Korean exchanges Upbit, Bithumb and Coinone announced BLAST has been placed on a delisting watchlist.

The move follows an earlier announcement by the Blast Foundation that it plans to shut down the mainnet as profitability deteriorates.
https://coinness.com/en/news/1170645

[Aave Labs proposes foundation to unify brand and intellectual property]

Aave Labs has proposed establishing a foundation to unify the Aave brand and intellectual property, according to The Defiant.

Under the proposal, the foundation would hold Aave IP under DAO oversight. In the first phase, Aave Labs plans to set up a legal entity in the Cayman Islands and appoint independent officers, while any transfer of trademarks, domains and the codebase would be decided through a later governance vote.
https://coinness.com/en/news/1170646

[71% of UK finance leaders expect tokenization to reshape financial services]

About three-quarters of major UK financial institutions expect tokenization to reshape financial services, Cointelegraph reported, citing a survey by Lloyds Banking Group, the UK’s largest financial services provider.

The survey of 100 senior decision-makers at major local banks, insurers, asset managers and investment firms found 60% identified faster payments and clearing and settlement as tokenization’s biggest benefit, while 41% pointed to better collateral and liquidity management.
https://coinness.com/en/news/1170647

[BTC falls below $85,000]

According to CoinNess market monitoring, BTC has fallen below $85,000. BTC is trading at $84,961.39 on the Binance USDT market.
https://coinness.com/en/news/1170648

[BNY said to be discussing broad partnership with Kraken parent Payward]

BNY, the world’s largest custodian bank and formerly Bank of New York Mellon, is in talks with Payward, Kraken’s parent company, on a broad partnership spanning digital assets and financial market infrastructure, CoinDesk reported, citing industry sources.

The partnership could cover cryptocurrency products, custody, asset management, trading, payments and infrastructure, according to the report. The services are expected to be offered through Payward’s B2B platform. One source said the arrangement could resemble the infrastructure component of Payward’s recent deal with Nasdaq.
https://coinness.com/en/news/1170649

[Anchorage Digital cuts 17% of staff amid industry-wide cost pressure]

Crypto bank Anchorage Digital has cut 17% of its workforce amid industry-wide cost pressure, The Information reported. The company said the decision was not tied to any specific event or business unit. Anchorage Digital also laid off 75 employees, or about 20% of its staff at the time, in March 2023.
https://coinness.com/en/news/1170650

[Fidelity explores broader access to Ethereum-based tokenized money market fund]

Fidelity is exploring ways to broaden access to its Ethereum-based tokenized money market fund, Crypto Briefing reported.

The firm is reviewing possible eligibility expansions for its on-chain cash product, as well as the potential introduction of daily or intraday yield features, according to Crypto Briefing. The fund token is currently available only to accredited and institutional investors, and Fidelity is seeking ways to make it accessible to a wider investor base.
https://coinness.com/en/news/1170651

[LINK fallen 3.14% in the past 5 minutes]

LINK has fallen by 3.14% in the past five minutes on the COINNESS market. Currently, LINK is trading at $13.55.
https://coinness.com/en/news/1170652

[BTC falls below $84,000]

According to CoinNess market monitoring, BTC has fallen below $84,000. BTC is trading at $83,955.6 on the Binance USDT market.
https://coinness.com/en/news/1170653

[ZEC fallen 3.69% in the past 5 minutes]

ZEC has fallen by 3.69% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,283.5.
https://coinness.com/en/news/1170654

[$162 million worth of futures liquidated in the past hour]

Major exchanges have seen $162 million worth of futures liquidated in the past hour. In the past 24 hours, $550 million worth of futures have been liquidated.
https://coinness.com/en/news/1170655

[U.S. SEC chairman says more crypto rules are likely ahead]

U.S. SEC Chairman Paul Atkins said the agency’s formal proposal of a new regulatory framework for crypto custody by investment advisers and regulated funds is part of a broader effort to establish a more comprehensive crypto regulatory framework, and additional crypto proposals will follow, Watcher.Guru reported.
https://coinness.com/en/news/1170656

[ICBA sues OCC over crypto trust bank charters]

The Independent Community Bankers of America has sued the Office of the Comptroller of the Currency, arguing the regulator abused its authority by allowing cryptocurrency companies to obtain national trust bank charters, according to Crypto Briefing.

The group said the move goes beyond what the National Bank Act permits and argued the OCC had effectively altered its own role without congressional approval. It also said the policy lets companies avoid obligations that apply to traditional banks.
https://coinness.com/en/news/1170657