S&P Global Ratings releases Vault risk assessment framework for on-chain lending.

Zcash advocacy group Pretty Good Policy for Zcash (PGPZ) filed lobbying registration in Washington on October 1, with executive director Divij Pandya serving as its sole lobbyist. The registration lists current and planned lobbying priorities including the CLARITY Act and two digital asset tax proposals. Founded in June this year, PGPZ spun off from Electric Coin Co.’s 2022 initiative Pretty Good Policy for Crypto, which previously hosted policy roundtables in Washington and organized a congressional briefing on crypto technology in 2023. Paul Brigner, PGPZ founder and chief policy and regulatory officer at ZODL, stated the goal is to ensure Zcash has serious, organized, and credible policy engagement in Washington. In August, Zcash Community Grants approved $750,000 in funding to support PGPZ’s first year of operations. (Cointelegraph)

Glassnode data shows Bitcoin’s largest liquidation cluster sits around $90,000. A price hit to this level would force leveraged short positions to liquidate. Looking back over the past two months, Glassnode notes smaller liquidation clusters are visible around $83,000 and $75,000. Whichever level the price reaches, it could accelerate the next round of market volatility.

Smart trader Frank (@frankdegods) has been buying $EDEL since Oct 1, spending a total of $191K to buy 5.7M $EDEL($285.6K now). He is now sitting on a $94.5K unrealized profit on $EDEL.

Smart trader Frank (@frankdegods) has been buying $EDEL since Oct 1, spending a total of $191K to buy 5.7M $EDEL($285.6K now). He is now sitting on a $94.5K unrealized profit on $EDEL.

According to GMGN data, Robinhood’s chain-linked meme coin BONER is rising against the trend, with its market capitalization once exceeding $70 million, approaching its all-time high. As of press time, BONER is currently valued at $66.4 million, with a 24-hour increase of 17.8%. In related news, Bloomberg published a special report on Robinhood’s chain-linked meme coins on October 2. Crypto KOL Eric told Bloomberg in an interview that stock meme coins are “a feature of the times and a future trend.” As a top holder of BONER, Eric also specifically introduced the BONER token to the outlet. Stock Meme is an emerging concept that combines traditional meme coins with tokenized US stocks: instead of pairing with USDT or ETH, these meme coins are directly paired with on-chain US stock tokens (such as NVDA, TSLA, AAPL, etc.). This model retains the high volatility and community-driven speculative attributes of meme coins, while leveraging the popularity and narratives of real stocks. A portion of transaction fees typically flows back to the community treasury to accumulate corresponding US stock tokens, forming a dual-driven model of “sentiment speculation + real asset anchoring.” BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.

The internationally recognized Yemeni government, backed by Saudi Arabia, has announced a large-scale military operation against the Houthi armed group, aiming to recapture all areas controlled by the Houthis. After the Houthis rapidly advanced south in September and seized the Bab el-Mandeb Strait and large swathes of the Red Sea coast, the Yemeni civil war has re-entered a high-intensity phase, with Red Sea shipping and Saudi energy facilities emerging as key focal points of the conflict. Rashad al-Alimi, chairman of Yemen’s Presidential Leadership Council, said in a televised speech on Sunday that government forces will continue their operations until the country is freed from Houthi control. The military subsequently demanded that the Houthis lay down their arms. Al-Alimi noted that the government’s decision to launch the counteroffensive was made after all opportunities to de-escalate the conflict had been exhausted, thanked Saudi Arabia for its support, and called on regional allies and international partners to assist government forces and state institutions.