Aave Labs proposes establishing the Aave Foundation, which will hold the Aave trademark and related intellectual property rights.

According to crypto lawyer Ariel Givner, U.S. District Judge Martha Pacold of the Northern District of Illinois has partially granted preliminary injunction requests filed by Coinbase, Kalshi, the U.S. government, and the CFTC. The ruling temporarily blocks Illinois from imposing sports betting licensing requirements and related criminal penalties on the Kalshi sports event contracts in question. The judge found these contracts are likely swaps as defined by the Commodity Exchange Act, meaning the relevant state laws are likely preempted by federal law.

News Flash from Insight Beating AI: Meta has launched Muse Gadgets, open-sourcing the ESP32 firmware and Linux SDK for connecting to Muse. Developers can use off-the-shelf ESP32 development boards, Raspberry Pi, or Linux devices to build their own Muse-compatible hardware. Screens, microphones, speakers, buttons, and sensors can all be connected, with the code licensed under the Apache 2.0 license. Meta has also introduced Muse Home Link, a compact USB-C device that links Muse to a home local area network, enabling control of devices like lights, televisions, speakers, and printers via community-built skills. Integrations with Philips Hue, Sonos, Apple TV, Google Nest, and Samsung TV are already supported. Meta’s first batch of 5,000 units will be distributed free of charge to US Muse subscribers, with shipping kicking off in October. Earlier, Meta had unveiled the Muse Charm, though it remains unreleased. Now developers no longer need to wait for official hardware; they can create their own Muse-compatible screens, desktop devices, and smart home hubs.

According to market data from BIT (bit.com), U.S. stocks closed higher yesterday, with SKY Treasury Company’s SDEV surging an additional 104.37% to $7.48, bringing its cumulative gain over the past month to 770%. Separately, per HTX market data, the SKY token has traded relatively steadily today, currently priced at $0.087103, with a 6.82% drop in the past 24 hours. As noted in a September 28 BlockBeats article, SKY Treasury Company’s SDEV had an mNAV of just 0.39 at the time, meaning SDEV’s stock market cap stood at 39% of the value of its SKY holdings. SDEV’s long-term low valuation is primarily driven by market concerns that it may conduct additional financing via at-the-market (ATM) offerings, which would dilute existing shareholders’ equity.

Centrifuge has confirmed that three funds—JAAA, JTRSY, and HYB—have launched on Circle’s Arc blockchain. The funds provide exposure to AAA-rated collateralized loan obligations (CLOs), short-term U.S. Treasuries, and high-yield corporate bonds respectively, utilizing investment strategies from Janus Henderson and New York Life Investment Management. All three funds support subscriptions via USDC on Arc, with direct investment limited to eligible non-U.S. professional investors. The minimum investment amounts are $500,000 for JAAA and JTRSY, and 100,000 USDC for HYB. (The Defiant)

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that established an ETH position a year ago appears to have cut its losses, with an estimated loss of $2.443 million. Address 0x102…2e383 transferred 6,595.2 ETH (valued at approximately $17.57 million) to Coinbase 3 hours ago. Of the total, 6,500 ETH were withdrawn between June and August 2025 at an average price of $3,040.4. During that period, the address saw unrealized losses exceeding $9.557 million at one point, and ultimately exited the position with a 12.3% reduction in its holdings.

Bloomberg ETF analyst Eric Balchunas said in a post that the U.S. Securities and Exchange Commission (SEC) has approved 3x bull ETPs for Bitcoin, Ethereum, gold, silver, crude oil, and natural gas under the Securities Act of 1933.