Hyperliquid launches manual lending functionality, allowing users to borrow USDC or USDT using HYPE and BTC as collateral.

Analyst Axel Adler Jr. pointed out that over the past 24 hours, Bitcoin has climbed from $76,300 to $77,400, as the market’s buying-selling power balance has shifted toward buyers. Short positions make up the vast majority of liquidations: traders who bet on a price decline have been forced to close out their positions, a move that has in turn supported the upward price trend. The liquidation pressure oscillator rose from +0.48 a day prior to +54.52 as of September 18, and has stayed positive since the morning of September 17, signaling that the current short covering-driven dynamic remains in place. The analyst also flagged the fragility of this advantage: if the liquidation pressure oscillator drops back to zero, the liquidation balance will shift back to favor longs, and forced liquidations of bullish positions will generate selling pressure and deepen a downturn. This rally is clearly characterized by being driven by a short squeeze, with buying power only established over the past several hours. Whether this can translate into a more sustained upward move hinges on whether the liquidation structure can hold in a range favorable to longs.

Renaiss and GIWATER have completed integration of TCG card machine applications, making GIWATER the first decentralized exchange (DEX) in South Korea to integrate such card-based use cases. GIWATER is a project selected for Upbit’s GIWA ecosystem incubation program, focused on delivering native liquidity and asset distribution services for the GIWA ecosystem. GIWA is an Ethereum Layer 2 network co-developed with Upbit, built to expand on-chain applications and asset services for the South Korean market. Under the partnership, Renaiss will provide GIWATER with key capabilities including the Proof of Fair random number fairness verification standard and third-party verifiable custody for card inventories. The two sides noted they will pursue more collaborations in the future across DeFi, RWA, and the collectibles market. Renaiss will also participate in events such as Korea Blockchain Week (KBW) in the near term to further advance local ecosystem partnerships in South Korea.

Jiang Zhuoer, founder of BTC.com Pool, posted that BNCB, the bStock token corresponding to BNB Treasury Company (BNC), once dropped below $5, marking a rare high-profit certainty opportunity. The $5.76 level was the starting point of its rally after Binance founder CZ (Changpeng Zhao) retweeted BNC’s name change voting post, so a further dip below this is unlikely. At $5.76, mNAV stands at 61%; a further drop would mean buying BNB at a 50% discount. Thus, he considers $5.5 to $5.76 a good entry point. Additionally, he noted that using leverage to trade small-cap stocks carries high risk, so he recommends buying the bStock spot token BNCB. He believes CZ and Binance will push forward the "Crypto-Stock Flywheel" concept, with more related events expected to follow. Today, Binance founder CZ stated that he participated in BNC’s name change consultation vote as a community member. After weighing multiple candidate names, he found his choice aligned with other community members’ voting results. CZ expressed greater support for "BNB Standard", calling it a more impactful name. BNC had previously launched a consultative vote inviting the community to suggest names for the company, with candidates including BNB Reserve, BNB Strategies, BNB Treasury Company, and BNB Standard. BNC clarified that the vote does not constitute a shareholder vote, and the final name still requires board approval and legal review. Driven by this news, CEA Industries’ bStock (BNCB) has continued its rally, breaking above $6.5, with its 24-hour gain expanding to 33%.

Solana-based token launchpad StonkFun announced that the meme coin paired with Anthropic’s token—dubbed the "coin stock" meme coin—has distributed approximately $1.3 million in total rewards to its holders. The Anthropic token, issued by PreStocks, tracks the AI firm’s pre-IPO valuation exposure, with rewards sourced from trading and transfer fees generated by the paired meme coin. Per GMGN market data, StonkFun’s native token STONK has rebounded to a market cap exceeding $220 million, with a 27% gain in the last 24 hours. As an innovative launchpad on Solana, StonkFun’s core narrative is "truly bridging meme culture and RWA (real-world assets)": users can launch tokens with one click and freely select paired assets, including xStocks’ tokenized stocks (such as SPYx tracking the S&P 500), PreStocks’ pre-IPO shares, fiat currency, commodities, other major cryptocurrencies, and even another StonkFun coin. STONK acts as the utility token for this "leveraged launchpad with liquidity pools and real-world asset pairing", designed to directly link Solana ecosystem meme culture to RWA liquidity. BlockBeats reminds users that token prices are highly volatile, so investment caution is advised.

The Arbitrum Foundation announced that applications are now open for Founder House Singapore, co-hosted with Robinhood Chain. Scheduled to take place in Singapore from October 23 to 25, the event offers a total of $300,000 in USDG prizes and grants to support teams launching products on Arbitrum One and Robinhood Chain. The program targets startup teams that already have an MVP, prototype, or are in the early development stages, with a focus on sectors including tokenization, AI agents, DeFi, privacy, payments, and social trading. Selected teams will receive product, technical, and market expansion guidance, while winning teams will also be invited to join an eight-week mentorship program.

Renaiss and GIWATER have completed integration of TCG card machine applications, making GIWATER the first decentralized exchange (DEX) in the South Korean market to integrate such card-based applications. GIWATER is a project selected for Upbit’s GIWA Ecosystem Incubation Program, focused on delivering native liquidity and asset distribution services to the GIWA ecosystem. GIWA is an Ethereum Layer 2 network co-developed with Upbit, built to advance on-chain applications and asset services for the South Korean market. As part of this partnership, Renaiss will provide GIWATER with capabilities including the Proof of Fair random number fairness verification standard and third-party verifiable custody for card inventories. The two parties noted that they will pursue more collaborations across DeFi, RWA, and the collectibles market in the future. Renaiss will also participate in events such as Korea Blockchain Week (KBW) in the near term to further drive local ecosystem cooperation in South Korea.