GNS jumps over 118% in 24 hours, market cap climbs to $17.33 million.

Base has launched its "Earn&Borrow" feature, allowing various platforms to integrate third-party lending markets on the Base network, providing eligible users with floating yields on stablecoins and lending services secured by digital assets. Users can deposit supported stablecoins like USDC into platforms to earn returns, or access liquidity by collateralizing digital assets without directly selling their holdings. Base stated that as of October 1, 2026, the 28-day average deposit balance of the lending protocol market it tracks exceeded $3 billion, with over 200,000 lenders and 115,000 borrowers. The average yield on USD stablecoins in Base's lending market is 4.45%, excluding additional incentive rewards. The service operates on the Base network and third-party lending protocols; platforms can independently choose wallet and custody models, and generate revenue through stablecoin balance yields or lending collateral fees. The relevant yields are floating rates dependent on lending market conditions, while user withdrawals are also subject to market liquidity and protocol terms. Base also emphasized that the relevant vaults are managed by independent parties, and neither Base nor Coinbase is responsible for managing or guaranteeing the vaults.

According to on-chain data, an address suspected to be linked to Yzi Labs deposited ENA worth roughly $10 million into Binance 11 hours ago via 40 transactions, with a total of around 47.86 million ENA transferred in. The wallet address currently holds approximately 268 million ENA remaining, valued at about $56.89 million.

According to EmberCN’s monitoring, over the past 24 hours, a whale or institutional entity that has been consistently selling BTC and buying ETH recently sold an additional 236.6 BTC, converting the proceeds into 19.71 million USDC to purchase 7,845 ETH. Over the past three days, this address has sold a total of 1,074.3 BTC, converting it to 89.39 million USDC, then used the funds to acquire 35,346 ETH at an average purchase price of roughly $2,529.

According to Bloomberg, Shayne Coplan, founder and CEO of Polymarket, previously hinted the platform might release important news, sparking widespread community speculation about a token launch. However, at Singapore’s Token2049 conference, he only expressed optimism about on-chain assets and did not announce a specific token issuance plan, drawing dissatisfaction from some users. Meanwhile, the crypto industry is gradually shifting from token-based financing to equity financing. Data shows that from January 2025 to February 2026, less than 10% of tokens listed on major exchanges generated positive returns. Cross-chain protocol Across is phasing out its token and allowing holders to exchange it for company equity; asset tokenization platform Centrifuge is also pursuing a similar transition. Centrifuge CEO Bhaji Illuminati noted that tokens could act as a barrier for firms to attract traditional financial institutions, as some institutions are restricted by internal rules from holding tokens and fear anonymous token holders may influence project decisions. Previous reports said Polymarket is in a new financing round with an alleged valuation of $21 billion, and is expanding its institutional business via moves like hiring former Goldman Sachs partners. Against the backdrop of a slumping token market and institutional investors’ growing focus on compliance and governance, more crypto firms are re-evaluating the need for token issuance and turning to traditional equity financing.

Beating AI News Flash: Anthropic will today disclose its third-quarter revenue figures to potential institutional investors at its San Francisco headquarters, to gauge investor reaction to its financial performance and IPO plans. The company is reportedly advancing an IPO valued at around $2 trillion, with plans to go public in November. It previously filed a confidential IPO application with the U.S. Securities and Exchange Commission (SEC), though the exact listing date remains unconfirmed. This disclosure comes amid pressure on the AI sector. Last week, OpenAI updated existing investors on its annualized revenue of $50 billion, below the widely circulated market estimate of $70 billion, sparking debate over revenue calculation metrics and weighing on semiconductor stocks and the Nasdaq index. Meanwhile, Broadcom CEO Hock Tan warned that rising interest rates could make access to capital a key constraint for AI companies' growth. The market will closely watch whether Anthropic clarifies its revenue recognition standards, particularly whether it includes revenue from cloud partners, to avoid a repeat of the market misinterpretation triggered by OpenAI's data disclosure. This financial data release may influence investors' assessment of Anthropic's growth outlook, and further impact its IPO pricing and listing timeline.

Two people familiar with the matter revealed that Coins.ph, the Philippines’ largest cryptocurrency exchange, is facing regulatory penalties from the country’s central bank, reportedly for providing services to restricted offshore gambling and betting firms. One source noted the violations are severe enough to potentially lead to the exchange’s operating license being revoked. Coins.ph has over 18 million users, with a daily spot trading volume of approximately $50 million, and controls around 75% to 80% of Philippine peso (PHP) stablecoin liquidity in the country. Earlier this month, the Philippine central bank allegedly restricted deposits to Coins.ph via its main wallet operator DCPay Philippines. Prior to this, the central bank had ordered regulated institutions to cut off e-wallet app access to gambling websites; some gambling firms subsequently turned to Coins.ph, using cryptocurrencies and stablecoins to make payments to overseas partners. The report also pointed out that multiple compliance department executives have recently left Coins.ph, including its chief compliance officer and head of anti-money laundering monitoring.