Ansem: PUMP can be valued using Layer 1 (L1) logic, and he is optimistic that pump.fun will emerge as a super app in this cycle.

Hyperdash co-founder Hans published a post noting that Hyperliquid’s AQAv2 mechanism has established a new revenue stream. On October 3, the AQAv2 treasury wallet completed its first payment of $14.58 million for the USDC reserves held by the trading platform over the prior 30 days. The funds will be allocated to an assistance fund for purchasing HYPE. Under the mechanism, after users bridge USDC to Hyperliquid, Circle mints the corresponding assets on HyperEVM, and charges fees on the treasury balance daily, with settlements occurring every 30 days. Coinbase and Circle each staked 500,000 HYPE; if payments are delayed, Coinbase could lose 2% of its staked amount per day. Hans added that Hyperliquid’s previous revenue was primarily derived from trading fees, while AQAv2 enables the platform to earn income directly from margin deposits themselves, regardless of whether the associated funds are used for trading. The first payment covers the period from August 26 to September 24, with an implied average rate of roughly 3.14%. At current scale, annualized revenue is estimated at approximately $193 million. From January 1 to September 30 this year, Hyperliquid’s open interest rose from $7.72 billion to $16.4 billion, and platform margin increased from $4.34 billion to $7.22 billion. Over the same period, perpetual contracts recorded around $2 trillion in total trading volume, generating $493.3 million in fees for the protocol, equivalent to roughly 2.46 basis points per dollar of trading volume. Using this year’s average trading speed and current AQAv2 rate, every $1 of margin contributes about 15.4 cents in annual revenue to the protocol, split into ~12.5 cents from trading fees and ~2.8 cents from AQAv2. Hans projected that under the baseline scenario of stablecoin volume growing 20% annually and Hyperliquid retaining its current ~8.7% market share, the protocol’s annual revenue could rise from the current ~$1.11 billion to $2.4 billion by the end of 2030.

Cronos Network announced that two token economic proposals have been approved, with 228 million CRO from its community pool burned, bringing the total cumulative CRO burn to 428 million. Under the passed proposals, all future revenue from Ult and Cronos Launch will be allocated to repurchase CRO on the open market, which will then be burned monthly, and all related transaction hashes will be made public.

According to on-chain analyst Ai Yi (handle @ai_9684xtpa), address 0x799…15f4c opened its first position on Hyperliquid, betting on Bitcoin (BTC)’s rebound with 7x leverage. The address initiated a long position of 121.23 BTC in the early hours of today, with the position valued at approximately $10.27 million, an average entry price of $84,918.9, and is currently facing an unrealized loss of around $20,000.

Whales are buying $PUMP. "netherlol" bought 383.34M $PUMP ($2.4M) after more than a year. A newly created wallet, GnZqfY, withdrew 189.22M $PUMP ($1.18M) from #MEXC 7 hours ago.

According to Lookonchain monitoring, whale "netherlol" has repurchased 383.34 million PUMP tokens for approximately $2.4 million, marking its first purchase in over a year. Additionally, a newly created wallet GnZqfY withdrew 189.22 million PUMP tokens from MEXC 7 hours ago, valued at around $1.18 million.

Addressing community rumors that Aptos will shut down its blockchain within the next six months, Aptos Labs co-founder and CEO Avery Ching publicly dismissed the claim as "a foolish rumor". The X account that originally shared the unsubstantiated claim did not provide official Aptos announcements, governance proposals, or other supporting documents. When pressed for evidence, the account stated the content was merely "hearsay" and urged caution in taking it seriously. Aptos’ current public governance records still show network upgrade proposals and executed mainnet feature updates, with no official plans to shut down the mainnet identified so far.