Bitcoin Drops Below $88,000

WLFI founder Zak Folkman stated at Token2049 that WLFI plans to integrate payment technology into unnamed Web2 companies boasting billions of users, to pay drivers, contractors and creators.

According to data compiled by South Korea’s financial regulators, since the launch of single-stock leveraged exchange-traded products (ETPs) in May this year, investors have lost an estimated 2.3 trillion won (approximately $1.7 billion) between May 27 and August 14. This marks the first time regulators have disclosed the overall loss incurred by South Korean investors in such highly leveraged single-stock products. It should be noted that the data only covers 10 leading South Korean securities firms, so it does not represent total losses for all South Korean investors in leveraged products. Since July, regulators have rolled out a series of measures to restrict trading in single-stock leveraged products, including temporarily banning the listing of new related products, raising investors’ minimum cash margin requirements, and mandating specialized training for investors before they trade. This signals a sharp shift in South Korea’s regulatory policy in less than two months: from encouraging the launch of such products in the domestic market in May to curbing their expansion starting in July.

Solana-based tokenized silver project Dominion has announced its shutdown. The project team stated that a September security incident led to a large-scale breach and sell-off of SILV, triggering a liquidity collapse, operating capital losses, and damage to market structure, with the capital required for reconstruction exceeding the project’s remaining resources. Dominion has allocated most of its remaining liquid funds to a refund program, allowing eligible SILV holders who held tokens before the attack to exit at a rate of $63 per token. SILV was originally designed as a Solana token backed 1:1 by physical silver, with each token corresponding to one troy ounce of silver. On September 11, attackers compromised 3 of the project’s 5 multi-signature keys and dumped approximately 46,909 SILV tokens on a low-liquidity decentralized exchange (DEX). The pre-attack nominal value of these tokens was around $3 million, and the attackers ultimately cashed out roughly $238,000.

OKX founder Star Xu stated at Token2049 that the financial sector will undergo two fundamental transformations over the next five to ten years, with the first being an improvement in user experience.

According to HTX market data, Solana ecosystem liquidity protocol Orca has bucked the trend to rise 9.78% today, with a cumulative increase of over 80% in the past 7 days, currently trading at $2.903. In related news, Orca recently launched a fee-splitting proposal proposing to add a 10% buyback account operated by the team, with the proposal set to conclude on October 10.

Beating AI (Dong察) Flash News: DimAgent founder Han Cheng has open-sourced the plugin runtime Rutis, stating it will be used to support DimAgent’s new architecture moving forward. Rutis re-implements Cordis’s core design in Rust; Cordis is the underlying plugin framework powering DeepSeek Harness. DeepSeek Harness uses Cordis to manage components including models, tools, sessions, and Agent Loops. Each component can be built as a plugin, which only declares the services it requires and provides. Cordis handles startup, uninstallation, dependency changes, and resource cleanup. Rutis ports this mechanism to Rust, while also supporting TypeScript, JavaScript, and Python plugins. Plugins in different languages can call each other and run across separate processes and machines. Existing Cordis plugins can also integrate directly without full rewriting.