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Payy Launches Claims Settlement Process for Cross-Chain Bridge Contract Hack Incident

53 minutes ago

According to official announcements, privacy stablecoin payment network Payy has initiated a claims process for affected users following the September 24 cross-chain bridge contract hack. The claim application window is 30 days. Eligible claims will be disbursed in USDC on the Ethereum network. Additionally, Payy Wallet is currently suspended and will be fully shut down after the claims window closes. On September 24, Payy’s cross-chain bridge contract on Ethereum was exploited, draining all funds from the contract, resulting in losses of approximately $1.8 million.

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Semiconductor and storage sectors were broadly lower in U.S. pre-market trading, with SanDisk and Micron down more than 3% each, and SK Hynix ADR dropping 5%.

According to market data from BIT (bit.com), semiconductor and storage sectors are broadly lower in pre-market US trading: Seagate Technology (STX) down 3.4%; Western Digital (WDC) down 3.8%; SanDisk (SNDK) down 3.3%; Micron Technology (MU) down 3.03%; SK Hynix ADR down 5%; NVIDIA (NVDA) down 0.8%; Intel (INTC) down 0.95%; Advanced Micro Devices (AMD) down 1.84%.

11 minutes ago

A crypto whale transferred 5,170 ETH to Tornado Cash, valued at $12.82 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.

11 minutes ago

Analysis: Bitcoin long-term holders have been generating consistent profits since 2023, with their current unrealized profit buffer reaching 72%.

Crypto market analyst Axel Adler Jr says on-chain data shows the average cost basis of Bitcoin long-term holders (LTHs) stands at $48,600, with the current price roughly 72% above that level. This group has remained in profit since January 2023, with its closest approach to the cost line coming in March 2023. The LTH average cost basis has fallen 1.7% since hitting a peak of $49,500 on July 30. Since August 1, 60 out of 74 days have recorded negative weekly changes, with the largest single-week drop hitting 0.34% on August 25, and the current reading standing at -0.06%. The analyst notes this decline remains moderate; a further drop would signal accelerating selling pressure, while a return to positive territory would mean long-term holders are resuming accumulation.

11 minutes ago

Binance will adjust leverage and margin tiers for multiple USDT-margined perpetual contracts.

Binance will update the leverage and margin tiers for U.S. dollar-margined perpetual contracts including BLURUSDT, VELODROMEUSDT, MOVRUSDT, COOKIEUSDT, CVCUSDT, BICOUSDT, ARKUSDT, RAREUSDT, STXUSDT, JASMYUSDT, WIFUSDT, LSKUSDT, PTBUSDT and LYNUSDT at 14:30 (GMT+8) on October 16, 2026. The update is scheduled to be completed within one hour.

11 minutes ago

Bybit CEO Announces Plans to Launch Tokenized Stocks mStocks, Supporting 24/7 Two-Way Conversion and DEX Trading

Bybit CEO Ben Zhou announced during the "Make Your Move" global keynote speech that Bybit will partner with Mantle to launch the tokenized stock product mStocks. The product is fully backed by real assets at a 1:1 ratio, supports 24/7 round-the-clock two-way conversion, and will enable all AMM liquidity pools in the Mantle ecosystem for users to trade via decentralized exchanges.

11 minutes ago

Bybit CEO: Bybit's stock trading will subsequently support collateral, lending, and broker position transfers.

Bybit CEO Ben Zhou announced the launch of Bybit Direct Stock during his "Make Your Move" global keynote speech. Users can directly hold and trade real stocks via Bybit, gaining access to over 1,000 trading pairs and assets from the US market, as well as full ownership of the underlying stocks. Ben Zhou noted that these stock assets will be held in the Unified Trading Account (UTA). Going forward, Bybit plans to further support stocks as trading collateral and roll out a stock lending service. Additionally, the platform will facilitate broker transfers, enabling users to move stocks held at brokers such as Futu and Moomoo to their Bybit accounts for custody.

11 minutes ago

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