Nillion clarifies its Layer 2 (L2) shutdown arrangements, stating that the project is now operating on the Ethereum mainnet.

Jupiter co-founder SIONG announced in a post that Jupiter Labs has launched an experimental high-leverage trading product called YOLO, which offers leverage ranging from 500x to 1000x. The product adopts the JLP model framework, simulating positions based on real market prices, with actual realized profits and losses—no need to execute corresponding leverage positions in the open market. YOLO’s profits are disbursed from a dedicated fund pool. If the fund pool lacks sufficient liquidity to settle profit positions, payouts may be queued instead of processed instantly. SIONG emphasized that this model differs from traditional perpetual contracts, carrying its own unique risks and limitations. He stated that launching YOLO under Jupiter Labs is to provide a testing ground for such new financial products and trading experiences, without the need to adapt to existing offerings. Currently, YOLO remains in the early stage of development, with room for further improvement. The launch was inspired by PaperTrade, he added.

Crypto journalist Eleanor Terrett reported that Office of the Comptroller of the Currency (OCC) Director Jonathan Gould said the final rules for the OCC’s implementation of the GENIUS Act are expected to be released soon, by the end of October. Gould made the remarks at the "Building the New Digital Economy" event hosted by the Milken Institute, which was held concurrently with DC FinTech Week.

According to market data from BIT (bit.com), the three major U.S. stock indexes opened lower and moved higher: the S&P 500 turned positive, the Nasdaq’s decline narrowed to 0.4%, and the Dow Jones rose nearly 1%. Among component stocks, Micron Technology neared a positive turn after falling more than 6% earlier; Microsoft, Apple, and Google gained 0.5% each, while SanDisk and SpaceX fell 3%.

According to HTX market data, Bitcoin briefly broke through the $82,000 mark, with a 0.02% increase in the past 24 hours.

According to HTX market data, Ethereum has broken through $2,400, with a 1.19% decline in the past 24 hours.

Solana treasury firm DeFi Development Corp. (DFDV) has raised the annual dividend rate of its CHAD preferred stock from 13% to 14%, effective November 2. At CHAD’s $10 par value per share, the annual dividend will rise from $1.30 to $1.40 per share. Dividends are subject to declaration by the company’s board of directors and paid on business days. The company said it plans to use proceeds from future CHAD issuances to expand its SOL treasury.