1. LayerZero Plans Institutional‑Focused Blockchain Exchange Launch This Fall link
LayerZero plans to launch a blockchain‑based exchange primarily for financial institutions this fall. LayerZero has previously announced that Zero, its new Layer 1 blockchain, will go live this fall, with partnerships with institutions including Citadel Securities, the Depository Trust & Clearing Corporation (DTCC), and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange. LayerZero has stated that Zero is built for scenarios such as 24/7 capital markets, institutional clearing and stablecoin payments, and features a dedicated trading environment.
2. Grayscale Debuts ZCSH, America’s First Zcash ETF, on NYSE Arca link
Grayscale launched the Zcash ETF (ZCSH) on August 25, listed on NYSE Arca. Converted from the former Grayscale Zcash Trust, it is the first US‑listed exchange‑traded product focused on ZEC. According to official Grayscale data, as of August 24, ZCSH had assets under management of approximately $314 million, holding around 387,200 ZEC with an expense ratio of 2.5%. Grayscale stated that for up to 12 months following the effectiveness of its registration statement, ZCSH management‑fee revenue will support Zcash ecosystem development and product marketing. The Block data shows ZEC has risen roughly 45% over recent days.
3. Ethena Foundation Unveils Four Key Ecosystem Updates link
The Ethena Foundation announced four major ecosystem updates. First, the foundation has completed the buyback of all remaining locked tokens from specific major seed‑round investors that sold any ENA over the past nine months. Second, it has entered into a master framework agreement with development entity Ethena Labs, under which protocol intellectual property and all value accrual will exclusively belong to the foundation and be governed by token holders, with Labs equity investors no longer entitled to any protocol cash‑flow proceeds. Third, a governance vote for the fee‑switch proposal has been launched, aiming to programmatically use net revenue generated across all Ethena business lines to buy back ENA on the secondary market. Fourth, an agreement has been reached with lead investors to release unvested tokens and fully eliminate future monthly sell‑pressure from VC entities, while team tokens remain subject to the original vesting and lock‑up schedule.
4. Lido Revamps EarnETH Fee Structure: Lower Base Fee, Higher Performance‑Linked Payout link
Lido announced adjustments to the fee structure of the EarnETH Vault, cutting the fixed management fee and raising the component tied to the vault’s actual yield performance. Previously, EarnETH operated under a fixed fee model of a 1% AUM management fee plus a 10% performance fee. The updated framework becomes performance‑oriented and variable, capped at 0.5% AUM management fee plus 20% performance fee, with initial terms set at a 0.2% AUM management fee and 15% performance fee. Lido stated that the initial reduction of the AUM‑based management fee from 1% to 0.2% effectively lowers fixed holding costs for EarnETH during low‑yield cycles, while the higher performance‑fee percentage aligns protocol revenues more closely with users’ real investment returns.
5. Flop Labs Releases FLOP Tokenomics Draft: 51.2% for Miners, 20.4% for Airdrops link
Flop Labs has unveiled a draft of the FLOP tokenomics, stating there will be no VC allocation and no presale. Airdrops are targeted at network participants including miners, validators, agents and early‑community members. According to charts in the draft, the total supply of FLOP is projected to reach 17.2 billion tokens by Year 10, with a terminal annual inflation rate of 0.6%. Of the total supply allocation, miners account for the largest share at 51.2% (8.8 billion tokens); airdrops make up 20.4% (3.5 billion tokens, including 1.2 billion for miners, 310 million for validators, 1.2 billion for agents, and 790 million for reserves/incentives); teams and foundations hold 11.4% (2 billion tokens); validators receive 6.8% (1.2 billion tokens); brokers‑agents get 6.8% (1.2 billion tokens); and staking rewards represent 3.4% (600 million tokens).
In a video interview on the Altcoin Daily podcast, Arthur Hayes, co‑founder of BitMEX, introduced the new Flop Network project. He bets on FLOP becoming the native currency for AI agents to purchase computing power, store memories and conduct economic activities, describing it as another “binary bet” following perpetual‑contract instruments.
Sponsored by FinTax
6. Coinbase Launches Tokenized Stocks on Base for 24/7 On‑Chain Trading link
Base announced that Coinbase‑issued tokenized stocks have natively launched on the Base network under the B20 standard. These tokens represent real‑world stocks held 1:1 by a regulated custodian. Users in eligible jurisdictions may hold tokenized stocks of companies such as Apple and NVIDIA via self‑custody wallets, and engage in trading, lending and other DeFi applications within the Base ecosystem. Base stated that tokenized stocks introduce a new asset class for on‑chain finance, supporting 24/7 trading, collateral usage, and composability with decentralized protocols. The relevant assets are administered by Alpaca acting as the regulated broker and custodian, with additional Coinbase tokenized stocks slated for future launch.
7. World Liberty Secures Conditional OCC Approval for National Trust Bank to Expand USD1 link
World Liberty Financial, owned by the Trump family, has received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank. One major objective is to expand the adoption of USD1 and house reserve assets backing the stablecoin within its own banking system to cut costs while bolstering compliance and market credibility. Data shows that within the first 19 months of Trump’s second term, the OCC has approved 22 bank‑license applications, exceeding the total figure of the preceding five‑year period, with many submissions coming from fintech and digital‑asset firms. World Liberty’s review took roughly 220 days, above the median of 126 days under the current administration. The firm still needs to satisfy requirements including external audits and adequate capitalization before securing final approval.
8. Lisk Proposes DAO Dissolution and 100‑Million‑LSK Burn; Total Supply to Drop to 300 Million link
The Lisk team has put forward a governance proposal to terminate the Lisk DAO. It plans to shut down the DAO and its associated governance infrastructure and burn 100 million LSK originally scheduled to vest to the DAO Treasury from 2027 to 2033, reducing the total supply from 400 million to 300 million LSK. Approximately 47 million LSK that have vested or become available by 2026 would be transferred to Lisk Ltd. The proposal also enables stakers to exit without penalty via an emergency unlock after a three‑day waiting period. Lisk has previously announced that Lisk Chain will shut down on October 31. All these measures remain subject to the passage of the governance proposal for implementation.
9. The Sandbox Commits 1:1 Compensation for SAND Holders Affected by Bridge Exploit link
The Sandbox announced it will compensate SAND holders affected by the bridge exploit on a 1:1 basis. The Sandbox revealed that on August 21, attackers exploited configuration flaws in contracts on Base and BNB Chain, draining approximately 14.744 million SAND worth around $700,000 from the Ethereum vault. The project stated users who legitimately held bridged SAND on Base or BNB Smart Chain prior to the attack will receive equivalent Ethereum‑based SAND compensation from the project’s vault with no new token minting. Claim applications are expected to open within two weeks. The Sandbox also noted that the unbacked SAND minted during the exploit has been isolated and cannot be bridged or redeemed, and the compromised bridge contracts will be permanently disabled.
10. Ethena’s USDe Hits $320‑Million Volume on Robinhood Chain in 8 Weeks, Accounting for 42% of Chain’s Stablecoin Circulation link
Eight weeks following its launch on Robinhood Chain, Ethena USDe has surpassed $320 million, accounting for 42 % of the chain’s circulating stable‑coin supply. This makes it the largest external dollar‑denominated asset on the network, second only to Robinhood Chain’s native USDG. Analyst Mesh attributes this growth to infrastructure design. Steakhouse Financial selected Ethena as the primary collateral issuer for the launch of Robinhood Earn, and 62‑65 % of liquidity allocated by the Steakhouse USDG Vault flows into the USDe/USDG Morpho market. Borrowers deposit USDe into this market as it represents the deepest collateral slot within the vault.
Follow us
Twitter: https://twitter.com/WuBlockchain
Telegram: https://t.me/wublockchainenglish
Credit: Source link
