CZ tagged address receives 90 million GroK tokens

[Guangzhou Court Declares Overseas Virtual Currency 'Mining Machine' Sales Contract Invalid] According to Guangzhou Daily, the Guangzhou Intermediate People's Court ruled a sales contract involving a Chinese citizen operating overseas virtual currency 'mining machines' as invalid. In the case, both parties agreed to transport the 'mining machines' to Mongolia for Bitcoin mining. However, the court determined that this activity involves financial security and ecological concerns, constitutes illegal financial activities, disrupts China's financial order, and is subject to Chinese law, thereby declaring the contract invalid. The judgment emphasized that Chinese citizens involved in overseas virtual currency transactions are still bound by Chinese law.

[Paul Chan: Hong Kong Stablecoins Emphasize Protecting Investor and Financial System Stability] According to a report by Aastocks via Golden Finance, Hong Kong Financial Secretary Paul Chan stated at the Belt and Road Summit that artificial intelligence is a key driver of digital innovation. Hong Kong has identified AI development as a policy priority and is accelerating efforts in building related data, capital, and talent infrastructure. Paul Chan also pointed out that Hong Kong has introduced a licensing regime for virtual asset exchanges and stablecoins, emphasizing a prudent and risk-based approach to safeguard the stability of investors and the financial system.

[Three Arrows Capital Files Subpoena for SBF and Other FTX Executives, Alleging Mismanagement of Significant Funds] Three Arrows Capital has submitted a subpoena to the court, requesting the appearance of FTX founder SBF (Sam Bankman-Fried), former executives Ryne Salame, and Caroline Ellison to testify. It is reported that SBF's statement is scheduled for October 14, 2025. Three Arrows Capital co-founder Zhu Su has accused SBF of illegally liquidating $1.5 billion worth of Three Arrows Capital's positions, while also alleging that Ryne Salame engaged in insider trading and unlawfully cashed out $1 billion.

[Solana Co-Founder Calls for Punishment of Validators Deliberately Delaying Block Slots, Stealing Rewards, and Slowing Down the Network] According to a report by Golden Finance, Solana co-founder Anatoly "Toly" Yakovenko has called for penalties against Solana validators who delay slots, steal rewards, and cause the network to slow down. Yakovenko's call for punishment stems from his frustration with validators using complex delay strategies to extract additional fees and high-value transactions. The deliberate delay of slot times has become so problematic that one validator even created a dashboard to showcase the issue. Since August 5th—Solana Epoch 829—the average slot time has increased by 2.5%. Complaints have arisen, with some saying, "The price of SOL should be rising, not the block time." One observer questioned whether these delays might trigger a scenario similar to the "Intentional Leader Reward Boost (ILRB)" version 2.0. ILRB is a timing strategy used by some validators who intentionally delay block production. Extending slot times beyond Solana's expected 400 milliseconds deliberately increases latency, allowing them to unfairly pack more transactions into their own blocks and thereby earn higher fees or rewards. Yakovenko suggested "defaulting to discarding these blocks for 10 slots" as a punishment for slow but influential validators. He has also repeatedly called for economic penalties for misbehaving validators. Currently, Solana developer platform Anza has proposed a series of measures to consider implementing a slashing mechanism in the network, which would penalize validators by deducting their stake. However, this approach also poses risks to SOL stakers.

Crypto edged higher with bitcoin near $114K and DOGE leading, while a CF Benchmarks model says BTC trades below fair value relative to money supply growth, a pattern that has preceded rallies.