finance

Honeypot Finance founder and early investor in RootsFi, Wilson, stated that Pons reached an annualized revenue speed of 100 million dollars within two months, ranking first on related lists. Wilson reflected on his experience meeting Ozzy at Berachain and investing in RootsFi, stating that Ozzy's sincerity, technical ability, and resilience were the reasons for early support.Wilson indicated that Pons is built on the Robinhood Chain, and its V2 design allows new tokens to trade on a bonding curve first, and after meeting conditions, enter the permanently locked liquidity Uniswap V4 pool, with the priced assets being either native ETH or ERC-20 approved by Pons. He believes this mechanism creates a convergence point for meme culture and stock tokens, and stated that he will continue to support Ozzy, optimistic about Pons's future development on the Robinhood Chain.

Some criminal gangs use "free credit card repayment" as bait to lure ordinary people into providing credit card and identity information. They then launder illegal funds from overseas gambling, telecom fraud, and other activities by fabricating consumption and other means, and subsequently contact currency dealers to exchange for virtual currency to transfer abroad.

Bitcoin ZK Rollup Citrea posted that after a comprehensive review, ctUSD, USDC, USDT, WBTC, and CTR cross-chain services have been restored, and some Solver-based routing is still being gradually restored.Previously, a security incident occurred with the third-party application Zentra Finance, and the team has confirmed the root cause and suspended the relevant contracts. Citrea stated that its protocol and cross-chain bridge contracts were not affected and will disclose the impact of the incident on ecological projects such as ctUSD Earn Vault and depositors separately.

The re-staking protocol Renzo Protocol announced its name change to Renzo Finance and launched its first on-chain structured yield product Renzo Basis, which will go live on Hyperliquid, initially supporting BTC and HYPE. Lucas Kozinski, founder of Renzo Labs, stated that basis trading earns funding rate income by simultaneously holding a spot long and a perpetual contract short. Since the long and short positions hedge each other, asset price fluctuations do not affect the yield, and users earn the fees paid by perpetual traders every hour.Renzo stated that the product achieves automation through a triple protection mechanism, including hedge protection, yield protection, and safety buffer. Currently, the product does not use AI automation but instead conducts trading and strategy monitoring through Hyperliquid's proxy wallet (API wallet) with user authorization, without holding user funds. The relevant protection parameters can be customized by users. Renzo emphasized that its product differs from competitors such as Ethena and Bitwise's Superstate in that it is fully on-chain, self-custodied, and allows depositors to choose their own assets, trading venues, and risk parameters.Renzo Basis plans to support all assets on Hyperliquid that have both spot and perpetual markets and expand to other DeFi platforms, with the next stop being Lighter on Robinhood, where on-chain stock perpetual basis trading will be introduced.

According to German media Golem, the Federal Ministry of Finance is preparing a bill to include cryptocurrency gains under capital gains tax. Speculative gains from digital assets such as Bitcoin and Ethereum will be taxed at a rate of 25% starting as early as 2028, consistent with the current stock trading gains tax rate. Currently, selling crypto assets after holding them for more than a year is tax-free, while selling them within a year incurs a personal income tax rate of up to 45%.The bill proposes to retain the personal tax-free allowance (currently €1,000 per person) and allows crypto gains to offset losses from stocks and other securities; taxpayers with a personal tax rate below 25% can also apply for a "favorable assessment" to reduce their tax burden. This tax will apply to crypto assets purchased after January 1, 2027, and it remains to be clarified by legislation whether assets held prior to this date will enjoy transitional protection. The Ministry of Finance expects this move to generate approximately €350 million in additional tax revenue each year, and the bill has been submitted to other federal departments for consultation.

According to official website data, Trade.XYZ has launched its prediction market trading page, currently covering 26 trades across three sectors (Finance, Sports, and Others).Previously, on September 5, Trade.XYZ deployed its HIP-4 DEX on Hyperliquid. Trading records show that the deployment was completed at 21:15 Beijing time on September 5. Hyperliquid's HIP-4 is a specialized outcome/prediction market (event outcome contracts, multiple outcomes, settled to 0 or 1, no leverage liquidation, etc.), which is different from the HIP-3 perpetual.

According to Slow Mist's warning, two attackers have been detected replicating the recent Notional Finance vulnerability attack method on the BSC chain. The attackers have completed their preliminary preparations and created malicious fCash positions using the same vulnerability pattern. Currently, the attack has not been fully executed, and the malicious positions are awaiting expiration.Once expired, the attackers may settle the positions and withdraw assets from the protocol. Slow Mist strongly recommends that affected projects take immediate mitigation measures to complete protection before the positions expire.

Figure co-founder and Executive Chairman Mike Cagney tweeted that DeFi is more suitable for asset-backed finance (ABF), which can avoid double pledging, directly improve collateral, self-custody or autonomous venues, and liquidity collateral. He believes that Figure has brought ABF on-chain, but overall it is still in the early stages, with approximately $60 trillion of the market yet to migrate on a large scale.He also listed five reasons why traditional finance has been slow to enter on-chain applications: poor interface experience, which has allowed applications like Robinhood and SoFi to win on the retail side; the long-term difficulty of achieving qualified custody and recoverable self-custody; hedge funds and others requiring multiple wallets, multiple users, tiered permissions, and complete audits to be exported to fund administration and accounting; regulation is being streamlined, and the precedent for on-chain native securities is becoming clearer, with hopes for the CLARITY Act and guidelines; and KYC issues are easier to resolve than the outside world thinks, as on-chain programmatic screening and wallet-level permissions can be implemented.

The decentralized lending protocol Pencil Finance has announced the completion of a $1 million student loan portfolio on-chain, including fundraising, lending, repayment records, and fund returns, constituting a complete financing and repayment cycle. Animoca Brands, Open Campus, and NewCampus provided funding for this portfolio in July 2025.The education financing company ErudiFi issued most of the funds through Southeast Asian student loans and tuition financing, covering markets such as Indonesia and the Philippines. The portfolio operates for 12 months, supporting over 6,600 students across 118 schools and universities, of which approximately 1,050 students received funding directly attributable to Pencil Finance. Investors are divided into priority and subordinate shares, with the former providing fixed returns and enjoying repayment priority, while the latter has variable returns and bears the first loss from defaults. Pencil Finance claims this is the first fully on-chain student loan cycle, but has not disclosed interest rates, investor yields, default situations, or blockchain transaction records.

According to Bitwise CEO monitoring, there are currently 1,328 investors using the ATP. An important aspect of on-chain finance is providing participation opportunities for everyone.

According to Pie Shield citing Specter monitoring, the escrow contract of the fixed-rate lending protocol Notional Finance is suspected to have been attacked, resulting in a loss of approximately $1.7 million in DAI and USDC.The attacker subsequently exchanged the stolen funds for about 689.2 ETH and further deposited the funds into Tornado Cash. Currently, the reasons for the attack and the final scale of the losses are still pending further confirmation from the project team.

Student Loan RWA Agreement Pencil Finance announced the completion of its first fully on-chain student loan cycle, deploying $1 million in funding as a lender, with borrowers having repaid both principal and interest to the funders of the asset package. This loan package was funded in July 2025 by Animoca Brands, Open Campus, and New Campus, and is structurally divided into fixed-income senior shares and floating-income junior shares that bear the risk of priority losses.This $1 million on-chain loan cycle provides financing for approximately 6,600 students across 118 schools and universities in Southeast Asia, with about 1,050 students receiving direct funding. Pencil Finance stated that these loans target student groups underserved by traditional financial institutions, with 50% of borrowing students being female and 93% coming from low-income families, claiming this is the first fully on-chain loan cycle to transparently record student loan financing on the blockchain.In addition, tokenized RWA is increasingly being used to issue loans or as collateral for loans. In July of this year, the Brazilian stock exchange B3 issued a loan of 100,000 Brazilian Reais (approximately $19,600) secured by 10 tokenized cows, each cow possessing a unique digital token linked to a crypto digital identity.

After a two-day meeting in Asheville, North Carolina, G20 finance ministers and central bank governors issued a statement committing to developing clearer rules for digital assets to promote financial innovation. The statement acknowledges that digital financial innovations, including digital assets, can support "broad economic growth" and play a key role in driving private sector innovation.The statement reads: "We are committed to advancing a responsible and effective regulatory and supervisory framework to maintain financial stability, support economic growth, and establish a clear path for sound digital finance and digital asset innovation, while taking into account cross-border opportunities and challenges." G20 officials expressed anticipation for the upcoming findings from the Financial Stability Board regarding the cross-border impacts of global stablecoin arrangements, as well as related reports on stablecoin data sources, availability, and potential challenges.They also reiterated their commitment to strengthening the G20 roadmap for cross-border payments and called on member countries to extend the operating hours of large payment systems. Several G20 member countries, including the United States, the European Union, and Japan, have reviewed the potential of digital assets or stablecoins to enhance the efficiency and accessibility of existing financial and payment systems and have established relevant frameworks.

The security company Defimon issued an alert stating that a governance takeover attack against YAM Finance has been detected. After self-delegating approximately 504,000 YAM (about 3.3% of the total supply, slightly above the legal voting threshold), the attacker submitted YamGovernorAlpha proposal #45, which is described as empty ("0x"), with the sole action being to call the setPendingAdmin method of the YAM Timelock contract, pointing to the attacker's address.It has been disclosed that if the proposal is voted through and executed, the attacker will become the pendingAdmin, and then can fully control the Timelock through acceptAdmin, which includes management rights over all YAM protocol contracts and the DAO treasury, involving a risk amount of approximately $337,000. As the protocol is currently in a dormant state, Defimon Alerts reminds users holding YAM to vote against the proposal before block height 25897343 (about 34 hours remaining).

Liquid Capital founder Yi Lihua stated, "In the cryptocurrency industry for over a decade, it has been a small world with human emotions and conflicts. Perhaps it's too close to money, or perhaps there are no rules; regardless, the remaining voices in the industry are mostly negative, and the industry's reputation is getting worse.I sincerely hope everyone shifts their attention back to innovation and opportunities in the industry. A new bull market is about to begin, and on-chain finance, especially stocks, has opened up imagination. There are still many meaningful things and opportunities to gain wealth coming, not to mention that the entire cryptocurrency industry is just a fraction of what exists, with the AI industry, which is dozens of times larger than cryptocurrency, worth exploring."

SoftBank Group is seeking an additional $10 billion loan to refinance the related debt incurred from its investment in OpenAI and to raise further funds. According to informed sources, this loan has a term of two years and an interest rate approximately 275 basis points higher than the secured overnight financing rate (SOFR), with Mizuho Bank serving as the lead arranger and bookrunner.