TRUMP unlocked 40 million tokens 5 hours ago, equivalent to around 300 million US dollars

Oct 1 Update: #Bitcoin ETFs: 1D NetFlow: -1,796 $BTC(-$150.24M)?? 7D NetFlow: +3,096 $BTC(+$258.99M)?? #Ethereum ETFs: 1D NetFlow: -5,171 $ETH(-$13.89M)?? 7D NetFlow: +41,041 $ETH(+$110.24M)??

Drift Foundation announces DFX claims and redemptions are now live. Users who suffered verified losses in the April 1 incident can claim 1 DFX for every 1 USDT of loss. Each DFX corresponds to a claim right in the Recovery Pool, which currently holds around 3.11 million USDT. Funding sources include a portion of Velocity’s daily protocol net revenue, Tether’s matching funds of up to 127.5 million USDT, strategic partners’ contributions of up to 20 million USDT, and subsequently recovered assets. DFX can be exchanged for USDT at the Redemption Amount, calculated as "Recovery Pool balance ÷ DFX outstanding supply". Post-redemption DFX will be burned, and transactions are irreversible. The claim window will close at 00:00 UTC on January 1, 2028, with any unclaimed DFX burned at that time. Yesterday, the Drift Foundation released progress on asset recovery from the April 1 security incident, in which approximately $295.4 million in user funds was stolen. The foundation has hired Mandiant, zeroShadow, and SEAL 911 for investigation and fund tracing; Mandiant identified the attacker as North Korean threat group UNC6862.

Arbitrum released data showing that its overall network revenue in September surpassed $5 million, hitting $5.45 million, a new all-time record. The majority of this revenue came from Orbit licensing fees, amounting to $4.75 million, a sum likely tied to the robust trading activity on the Robinhood Chain during the month.

According to blockchain intelligence platform Arkham, it has marked Robinhood’s wallets across 12 blockchains, covering the Bitcoin network and Robinhood Chain, with total related crypto assets valued at approximately $24.96 billion. Robinhood holds 185,185 BTC worth around $15.59 billion, while its Dogecoin (DOGE) holdings are valued at roughly $2.88 billion.

Per PeckShield’s monitoring, the attacker behind the NEAR Intents exploit has transferred the stolen funds to KuCoin and bridged them to BTC. The attacker’s address has interacted with an address labeled as the North Korean Lazarus Group (0x098B7...E2f96).

Stacks co-founder Muneeb Ali announced in a post on X that he will serve as the new CEO of Stacks Labs. Last year, Stacks underwent an ecosystem restructuring, with Stacks Labs becoming its protocol operations hub. For the past year, Alex Miller held the interim CEO role at Stacks Labs. Ali stated, "I am more bullish on STX than ever before. Now that Bitcoin staking has been successfully launched, it’s time to double down on developing Bitcoin capital markets." Driven by this news, STX’s price surged 10.9% over the past 24 hours.