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Hines, the Executive Director of the White House Crypto Council, will step down and be succeeded by Patrick Witt, as he transitions to a private sector role while advising on AI policy alongside David Sacks.
VIPBitget VIP Weekly Research InsightsThe cryptocurrency market has recently seen increased volatility, driven by macroeconomic policies, global trade tensions, and expectations the Federal Reserve's monetary policy. Although some indicators came in weak, investor sentiment improved as market expectations for a September rate cut rose sharply. Meanwhile, the slowdown in tariff adjustments has helped ease major trade frictions in the short term, with no signs of systemic risk emerging for the time being. On the crypto side, BTC turnover has fallen as many short-term traders exit the market, leading to more stable price movements. The altcoin sector continues to underperform due to a lack of sustained narratives. Despite the surge in memecoins, high-quality projects remain scarce. Large volumes of capital are cycling in and out quickly, making it difficult to invest effectively. With short-term uncertainty still high, many investors are allocating part of their portfolios to stablecoin-based Earn products. Alongside leading DeFi protocols such as Aave and Compound, platforms like Bitget offer diversified, high-yield stablecoin opportunities, providing investors with more avenues to preserve and grow their assets.
Ethena’s USDe records $5.7B in cross-chain volume, ranking third among synthetic dollars by market cap.Climbing the Synthetic Dollar RankingsImplications for DeFi and the Stablecoin Market
- 00:31Meteora: MET airdrop allocation checker will go live today at 20:00 (UTC+8)On October 16, it was announced that Solana ecosystem liquidity protocol Meteora will officially launch the MET Allocation Checker at 20:00 on October 16, 2025 (UTC+8). On this website, users can: 1. Choose to participate as a Liquidity Distributor NFT, accounting for 7%, on a first-come, first-served basis; 2. View the complete allocation details of each element; 3. Browse the TGE launch website and related videos. Users can claim MET allocations without registration, and the default option is to receive MET directly.
- 00:08YZi Labs leads $50 million funding round for programmable payment network Better Payment Network (BPN)ChainCatcher reported that YZi Labs announced it has led a $50 million funding round for Better Payment Network (BPN). BPN is a programmable payment network designed for the multi-stablecoin era. This investment aligns with YZi Labs' philosophy of supporting the next generation of global financial infrastructure—placing stablecoins at the core, natively built on high-performance chains, and adopting a hybrid (CeDeFi) architecture to balance efficiency, programmability, and compliance. Traditional fintech platforms rely on capital-intensive pre-funding models, forcing trillions of dollars to remain idle in local accounts to maintain payment liquidity. BPN's CeDeFi dual-track system addresses this issue by enabling real-time minting, exchange, and burning of stablecoins across jurisdictions, thereby unlocking previously locked funds. BPN is natively built on BNB Chain and aims to provide instant, low-cost, and compliant cross-border settlements, with settlement times of 3-4 hours compared to the traditional 1-2 days, and an average cost of about 30 basis points, which is significantly lower than the approximately 2% cost of traditional foreign exchange channels.
- 2025/10/15 23:53North Korean hackers target cryptocurrency developers through open-source software platformsJinse Finance reported that a U.S. cybersecurity company stated North Korean hackers have turned one of the world's most widely used software libraries into a vehicle for spreading malware. In a report released last week, researchers from supply chain security company Socket said they discovered more than 300 malicious code packages uploaded to the npm registry—a central code repository where millions of developers share and install JavaScript software. These packages (small, reusable code snippets widely used in everything from websites to cryptocurrency applications) are designed to appear harmless. However, once downloaded, they implant malware capable of stealing passwords, browser data, and cryptocurrency wallet keys. Socket stated that this campaign, which it named "Contagious Interview," is part of a sophisticated operation carried out by North Korean state-sponsored hacker groups. These hackers pose as tech recruiters and specifically target developers in blockchain, Web3, and related fields.