At the Singapore OKX NOW Summit, the OKX Web3 team showcased the latest progress of its products, including OKX Wallet, DEX trading terminals, and DeFi solutions. According to the team, X Layer, the underlying network of the OKX Web3 ecosystem, has seen sustained growth: its DeFi TVL has surged roughly 11 times this year and hit an all-time high in September. ExchangeOS has encapsulated capabilities such as order matching, risk control, margin, and settlement into modular components. Going forward, via the X Layer Improvement Proposal (XIP-Exchange OS), developers will be able to gradually access shared trading infrastructure and liquidity, enabling faster creation of on-chain markets. The on-chain spot and perpetual markets built on ExchangeOS are set to launch a public test soon.

Israeli Defense Minister Katz released a statement on the same day, asserting that intelligence shows the Palestinian Islamic Resistance Movement (Hamas) intends to launch an attack on the 7th, which marks the third anniversary of the outbreak of the latest round of the Israel-Palestine conflict. He has ordered the Israel Defense Forces (IDF) to fully elevate its alert status. Katz emphasized in an official statement that the IDF must prepare for the worst-case scenario, and "in addition to the ongoing robust operations, it should also take decisive action against any intelligence or warnings to thwart all threats." Katz also threatened that if Israeli troops in the Gaza Strip sustain any casualties, Hamas and local residents in Gaza will pay an "unusually heavy price." (CCTV)

According to Bubblemaps monitoring, a whale used two linked wallets to spend $991,000 purchasing 0.28% of the total supply of Artificial Inu (AI) between September 3 and 17. However, the AI token hit its all-time high of $450 million on September 17, then plunged 70% afterward. As of press time, the whale has not adjusted its position, incurring an unrealized loss of $600,000.

Analyst Axel Adler Jr. noted that Bitcoin’s long-term holders (LTHs) have reduced their positions for seven consecutive weeks, yet Bitcoin’s price has continued to rise, indicating current market demand is still able to absorb this new supply. Data shows the LTH position change indicator turned negative on August 17 and has remained so since. On September 28, the metric fell to -73,400 BTC, compared to just -1,100 BTC one week prior. However, the current scale of sell-offs remains significantly smaller than the peak of -1.07 million BTC recorded in November 2025. Meanwhile, the LTH Spent Output Profit Ratio (SOPR) has been above 1 for two consecutive weeks, hitting 1.18 on September 28, meaning recently transferred Bitcoin held by long-term holders has generated an average profit of around 18% relative to their cost basis. Adler Jr. stated that long-term holders are currently primarily taking profits amid the price rally, and the real cause for concern is a further expansion of sell-offs paired with Bitcoin’s price halting its rise or even turning downward.

Circle’s Layer 1 (L1) network Arc has open-sourced a USDC lending demo application built on its Borrow Kit. The demo covers the full end-to-end workflow: market discovery, loan size calculation, depositing cirBTC as collateral, borrowing USDC, monitoring loan health, repayment, and liquidation. The company stated developers do not need to write custom smart contracts or maintain direct integrations with lending protocols.

According to OnchainLens monitoring, an investor withdrew 8,088 AAVE tokens (valued at approximately $1.46 million) from Coinbase, then transferred them to FalconX, suggesting the address may be planning to sell.