ApeX Protocol has announced the launch of its APEX token buyback program, leveraging past revenue with a one-time commitment of $12 million to kick off the program. Starting next week, 50% of ApeX Protocol's daily revenue, along with the $12 million commitment, will be used to repurchase APEX tokens from the open market. This allocation will gradually increase over time, ultimately reaching 90% of all revenue. Buybacks will occur weekly from the open market, starting next week. All repurchased tokens will be transferred and locked to an on-chain public address, fully visible to the community.
Two newly created wallets withdrew 5,830 ETH from OKX in the past 24 hours, worth $24.08 million.
According to Onchain Lens monitoring, in the past 24 hours, two newly created wallets withdrew 5,830 ETH worth US$24.08 million from OKX.
According to on-chain analyst @ai_9684xtpa, the Hypurr NFT floor price reached 1,315 HYPE (US$62,000), with a 24-hour trading volume of 821,000 HYPE, worth approximately US$38.48 million. Token #2681 was sold at the current high of 9,999 HYPE, for approximately US$466,000. Address 0xb71...3bc5c is the top individual holder, holding 13 NFTs.
The community of the Bitcoin staking protocol Babylon recently released a new proposal, "Reduce Inflation and Introduce Joint Staking," aimed at adjusting the BABY token economics, including reducing inflation and introducing BTC-BABY joint staking. The proposal proposes reducing inflation by approximately 30%, from 8% per year to 5.5%, with the following distribution: ① 1% goes to Bitcoin (BTC) stakers, who receive commissions from finality providers; ② 2% goes to BABY stakers, who receive commissions from CometBFT validators. ③ An additional 2.35% goes to BTC stakers who stake both BTC and BABY as joint staking rewards. For every 20,000 BABY staked, one staked BTC is eligible for joint staking rewards. ④ Due to limitations in the Cosmos SDK, finality providers and CometBFT validators cannot receive commissions from joint staking rewards. To compensate for this limitation, 0.075% is distributed to active finality providers based on delegation size, and 0.075% is distributed to active CometBFT validators based on delegation size. Once the trustless Bitcoin custody protocol is ready, the token economics should be revisited and adjusted to drive adoption. Furthermore, the proposal proposes the introduction of a BTC-BABY co-staking feature, which would encourage BTC stakers to also stake BABY and actively provide security for verification and finality; the more BABY staked, the greater the co-staking rewards.
Pro-crypto New York Mayor Eric Adams withdraws from re-election campaign due to financial woes
According to The Block, New York City Mayor Eric Adams has suspended his re-election campaign, adding uncertainty to the battle for control of America's largest city. In a nearly nine-minute video posted on Platform X on Sunday, Adams stated that media speculation about his future and the Campaign Finance Committee withholding millions of dollars in funds have undermined his ability to raise serious campaign funds, but he will continue to fight for the city. While Adams did not mention cryptocurrency in his statement, he has been a longtime supporter, having received his first three salaries in Bitcoin and spearheading New York's first cryptocurrency summit, where he welcomed those involved in the field in May. He has also previously called for the repeal of Bitcoin licensing regulations, which have made New York one of the most heavily regulated cryptocurrency jurisdictions in the country. The mayor has not endorsed any of his three rivals: Democratic candidate Zohran Mamdani, former Governor Andrew Cuomo, and Republican candidate Curtis Sliwa. Since his suspension, prediction markets indicate Cuomo's support has increased, with his chances of victory rising from 11% to nearly 15%, while Mamdani remains the overwhelming favorite, with an 84.6% chance of victory.
According to Caixin, a Caixin report citing Jinshi, Southwark Crown Court, located not far from the iconic Tower Bridge, has once again become a global hotspot. At 10:30 a.m. local time on September 29th, Qian Zhimin, the principal suspect in the UK's largest Bitcoin money laundering case and the massive illegal fundraising operation at Tianjin Lantian Gree, will appear in court there. The trial is expected to last 12 weeks and conclude before Christmas. During this time, Chinese police officers will testify in person in London, and several Chinese victims will testify remotely via video link from the Tianjin court. These arrangements are made possible through the framework of judicial cooperation between China and the UK.
Jump’s Firedancer Team Proposes Removing Solana Block Limit After Alpenglow Upgrade
According to The Block, Jump Crypto's Firedancer team is building a high-performance client for Solana. Their SIMD-0370 proposal proposes removing the current fixed limit of 60 million CUs per block (previously, a proposal had proposed raising this limit to 100 million) after Solana's major Alpenglow upgrade, scheduled for testing later this year. Without a fixed limit, block size would adjust based on the transaction volume accommodated by high-performing validators, while weaker validators would automatically abstain from voting on oversized blocks by skipping the voting mechanism. The proposal argues that removing the limit would encourage well-funded block producers to upgrade their hardware and add more transactions to increase revenue, incentivizing others to follow suit, creating a "flywheel effect" and increasing the average capacity of validator clients. Roger Wattenhofer, Head of Research at Anza and a driving force behind Solana's Alpenglow upgrade, supports removing the limit but also expresses concerns about potential centralization and network stability risks. He argues that these issues are solvable and that he remains a staunch supporter of removing the limit.
An address containing 400 BTC was activated after 11.9 years of dormancy.
According to Whale Alert monitoring, at 05:58 Beijing time, an address that had been dormant for 11.9 years was activated, containing 400 BTC (currently worth approximately US$44.32 million and worth approximately US$236,900 in 2013).
According to Token Unlocks data, tokens such as SUI, EIGEN, ENA, and OP will see large-scale unlocking next week. Sui (SUI) will unlock approximately 44 million tokens at 8:00 AM Beijing time on October 1st, accounting for 1.23% of the current circulating supply and valued at approximately $137 million. EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing time on October 1st, accounting for 13.77% of the current circulating supply and valued at approximately $66.6 million. Ethena (ENA) will unlock approximately 40.63 million tokens at 3:00 PM Beijing time on October 2nd, accounting for 0.62% of the current circulating supply and valued at approximately $23 million.
Falcon Finance announced that the $FF redemption window will open at 20:00 (UTC+8) on September 29th and close at 20:00 on December 28th. Tokens not claimed after the deadline will be forfeited. Users can stake FF on the redemption page to exchange for sFF and receive Season 2 bonuses: +10% for staking ≥50%, +25% for staking ≥80%. Miles multipliers will be 160x for the first 7 days and 80x thereafter, cumulatively increasing to 200x/day for the first 7 days and 100x/day thereafter. An official example: staking 10,000 FF for 30 days will earn 37,000,000 Miles. Plans for handling unclaimed $FF include burns.
Hyperliquid announced the launch of a permissionless spot quote asset on mainnet. Stable asset deployers can enable "quote asset" status based on on-chain requirements. Any quote asset can be used as a quote asset in the first HIP-1 spot trading pair; new trading pairs between existing base and quote assets can be deployed through a permissionless Dutch auction, independent of the HIP-1 token auction. Native Markets has deployed USDH as the first permissionless quote asset, with HYPE/USDH trading now live, and plans to deploy additional permissionless trading pairs as soon as possible.
