swap

The native decentralized liquidity layer of Bitcoin On Nexus tweeted that its old trading platform DotSwap V1 was attacked. The attacker exploited a legacy server-side signing mechanism, transferring approximately 8.5 BTC, worth about $685,000, from the V1 liquidity pool and accounts within about 4 hours.

The People's Bank of China Open Market Operations Office announced the establishment of a non-bank large redemption swap facility in the bond market, referred to as BNSF. The announcement stated that this move aims to implement a scientifically sound and robust monetary policy system and a comprehensive macro-prudential management system to maintain stability in the bond market. The relevant document is the People's Bank of China Open Market Operations Announcement [2026] No. 12.According to the announcement, in specific scenarios where asset management institutions face systemic liquidity risks and the bond market experiences systemic pressure, support will be provided to bank wealth management subsidiaries, public fund managers, or corresponding parent banks, securities parent companies, etc., to borrow central bank bills from the People's Bank of China for market repurchase financing, in order to purchase eligible bonds or product shares of public products that are being redeemed by their own company or asset management subsidiaries, and to pledge to the People's Bank of China. Participating institutions must continuously meet the requirements of prudent management in the financial market and maintain market discipline.

According to Slow Fog monitoring, Yapeswap suffered an attack, resulting in a loss of approximately $21,900. The root of the incident lies in the WorkersUnion governance mechanism, where the quorum requirement is zero, allowing a proposal that received only about 0.000055% voting support to transfer the feeToSetter authority of YapeFactory to the attacker.The attacker subsequently deployed a malicious Registry contract, causing latestVault() to return a forged vault address, while vaults() still listed the real vault. YapePair accounted for the deposits to be transferred as farm assets, but did not receive redeemable shares, ultimately leading to a loss of funds. This incident involves contracts such as YapeFactory, YapePair, and YapeWrapper.

QuickSwap announced that its deployment interface on the Soneium network will cease operations on December 31, 2026, and advised liquidity providers and other users to withdraw assets and liquidity positions through the interface before this date.QuickSwap stated that after the interface stops service, users can still retrieve their assets through the official Soneium block explorer. The project team also released a list of usernames holding Soneium liquidity positions for relevant users to check.

Uniswap Labs announced that Aggregator Hooks are now live, enabling aggregation functionality in Uniswap v4. This mechanism wraps external liquidity sources into v4 pools through Hooks, allowing any routing to treat them as Uniswap pools. It is currently available on the Uniswap web interface and API, covering Ethereum mainnet, Base, and Robinhood Chain, with more networks to be integrated soon.On the first day of launch, it supports seven external sources, including Curve, Fluid, and PancakeSwap. Each block routing will pull the latest quotes from the integrated sources, constructing the optimal path between the Uniswap pool and external sources during exchanges, and completing settlements within a single transaction without the need for additional authorization. Uniswap stated that most on-chain liquidity is already on Uniswap, but new liquidity may still appear in other places. After external sources are incorporated into v4, exchanges routed through them will incur protocol fees, contributing to UNI burn.

Nasdaq-listed company Alpha Modus announced that it acquired 3,170 Bitcoins through a share swap, valued at over $250 million, thereby expanding the company's Bitcoin holdings.The company exchanged 51.6 million shares of stock and corresponding warrants for the aforementioned Bitcoins. This transaction expanded Alpha Modus's asset base but simultaneously diluted the equity of existing shareholders.

Uniswap founder Hayden posted on the X platform that the first large transaction of UNI executed through regulated traditional financial channels has been completed, marking the first instance of a DeFi token executing a large transaction through this channel.

The decentralized trading protocol of PancakeSwap, The Flip proposal, has entered the governance voting phase, accompanied by CAKE supply conditions. This proposal aims to allocate 88% of the trading fees from v3 and Infinity pools to liquidity providers, with the remaining 12% going to the protocol treasury, while the fee structure for v2 remains unchanged.In terms of token issuance, the proposal plans to reduce the daily CAKE issuance from 22,500 tokens to 7,000 tokens, a decrease of about 69%, equivalent to approximately 5.66 million newly minted tokens per year. The remaining 7,000 tokens per day will be allocated to an ecological growth fund named Pantry, which will be flexibly used by The Kitchen team for marketing, partnerships, and initial liquidity for new pools.If the vote passes, implementation will begin within two weeks after approval, lasting from November 2026 to the end of January 2027, completing in about three months and being announced chain by chain. This proposal is built upon the Tokenomics 3 framework passed in April 2025, aiming to reduce the supply by approximately 20% by 2030. PancakeSwap states that the supply has decreased by 11.5% over the past 18 months.

Ripple's brokerage business Ripple Prime (formerly Hidden Road) announced that institutional clients can now trade swap contracts linked to over 100 stocks, commodities, and foreign exchange markets around the clock, using the USD stablecoin RLUSD issued by Ripple as collateral. These swap contracts track perpetual futures listed on the cryptocurrency derivatives exchange Hyperliquid by Trade.xyz, which have no expiration date and can be traded 24/7, allowing funds to build positions in assets like gold while traditional markets are closed. Ripple announced on October 15 that trading company Virtu is already using this service.HSBC's head of digital asset research, Daragh Maher, stated in a report sent to clients on Monday that this launch is "evolution rather than revolution." He wrote that it is a rapidly growing market but still far smaller than the traditional financial markets it tracks, and the product's appeal will be stronger only when the market has sufficient depth, allowing investors to express views and adjust risks while traditional markets are closed. HSBC expects early activity to focus on market makers, proprietary traders, and hedge funds seeking basis trading, rather than institutions looking for strategic hedging.The risks of weekend trading have already become apparent. Last Saturday, approximately $52 million in leveraged chip stock positions were forcibly liquidated within 10 minutes, with the sell-off spreading from Binance to Hyperliquid, while the underlying stocks were not trading, and the contracts lacked new stock market prices for reference. HSBC stated that Ripple's success depends on whether the service is cheaper, simpler, and can better utilize client collateral compared to existing brokers. The new swap business is offered under Ripple Prime's British Virgin Islands license, with plans to expand to more jurisdictions in the future.

According to DefiLlama data, Uniswap's total value locked (TVL) on the BNB Smart Chain (BSC) reached approximately $437 million, with a growth of 104% over the past 7 days and 213% over the past 30 days.During the same period, the total TVL on BSC was approximately $5.932 billion, with a trading volume of about $6.258 billion for decentralized exchanges over the past 7 days, an increase of 37.95% compared to the previous 7 days.

CME Group announced the official launch of Uniswap futures contracts, which are now open for trading, offering two contract sizes and supporting 24/7 trading.

The decentralized trading protocol Uniswap announced that the VolatilePair Hook has been launched on the Ethereum mainnet, with the first trading pair being ETH/USDC. This is a dynamic fee Hook for liquidity providers in Uniswap v4, where fees adjust according to market fluctuations.Uniswap stated that this year, the trading volume of volatile trading pairs on Uniswap exceeded $50 billion. Unlike stablecoin trading pairs, these assets do not have a fixed price, and liquidity providers under static fees will bear the price changes not covered by the fees. This Hook recalculates the buy and sell rates separately for each exchange based on recent price changes, maintaining competitive spreads.When the pool price rises, the buying cost is higher and the selling cost is lower; when the price falls, the direction of the fees is reversed. After significant price changes, trades that drive price retractions will pay temporary fees. Pool parameters and fee logic can be upgraded through Uniswap governance without the need to migrate liquidity pools. The StablePair Hook, launched in September, introduced dynamic fees for stablecoin trading pairs, achieving a trading volume of $3.1 billion within four weeks. The VolatilePair Hook is part of the Hooks launched by Uniswap Labs, along with StablePair, Permissioned Pools, and LitePSM.

The decentralized trading protocol Uniswap has launched an ETH/USDC trading pool, which uses a separated fee mechanism for buying and selling, applying different fee standards for buy and sell transactions.This pool is implemented through the VolatilePair Hook, which will charge temporary fees on trades that reverse significant price fluctuations, aiming to retain more arbitrage value for liquidity providers.

According to on-chain analyst @ai_9684xtpa's monitoring, the "UBTC Whale Switching to ETH" has continued to exchange 13,036.32 ETH in the past 24 hours, worth 32.59 million USD.Since October 11, a total of 39,800 ETH has been exchanged from BTC, amounting to over 100 million USD.

According to official news, the PancakeSwap core team (The Kitchen) has released a tokenomics proposal titled "The Flip." This proposal suggests increasing the trading fee sharing ratio for PancakeSwap v3 and Infinity liquidity providers (LP) to 88% across all 11 supported chains, with the remaining 12% allocated as protocol fees to the treasury, while v2 remains unchanged.

Binance will delist the spot trading pairs of Epic Chain (EPIC) and QuickSwap (QUICK) on October 28, 2026, at 11:00. Users need to cancel their orders and update their trading bots before the delisting.The withdrawal services for the related tokens will stop on December 28, 2026, at 11:00.

Uniswap posted on platform X that currently nearly half of the trading volume of the Uniswap protocol is completed through version v4, with over 44 billion dollars in trading volume in the past 30 days.According to the data released, in the trading volume share of various versions of the Uniswap protocol over the past 30 days, v4 accounted for 49.9%, v3 accounted for 44.9%, and v2 accounted for 5.2%.

According to The Defiant, trading firm DRW executed a total return swap with Marex on the Canton network through Derivnex, referencing the on-chain corporate bond benchmark from S&P Dow Jones Indices. S&P Dow Jones Indices announced this transaction with Kaiko on October 13.The swap was provided by Marex, with DRW as the counterparty, referencing the iBoxx USD Liquid Investment Grade Index, which tracks investment-grade corporate bonds that are dollar-denominated and have good liquidity. The swap provides both parties with exposure to the index without holding the underlying bonds. The transaction will synchronize events such as valuations during the contract's duration between both parties, and plans to migrate margin, collateral, and contract payments to the same infrastructure will be advanced in subsequent phases.Kaiko's tokens combine benchmark data with access permissions and usage rules, retaining the authorized control of S&P Dow Jones Indices, and distributing signed official index values for Derivnex to use for valuation. Derivnex expresses the transaction terms in the form of Canton smart contracts and introduces a universal domain model standard for derivatives trading. DRW founder and CEO Don Wilson stated that both parties can "work off the same record, thereby simplifying the process," and noted that once cash and collateral flows are integrated, more transactions are expected to achieve greater efficiency.

The CFTC released a temporary final rule defining prediction market event contracts as "swaps," attempting to solidify its legal standing amid jurisdictional disputes.