Polygon Starts Aggregator Program, Successful Projects Will Airdrop Up to 15% Native Token to POL Stakers

Benchmark Equity Research maintains its "Buy" rating for Japan's Bitcoin vault company Metaplanet, with a target price of 2,400 JPY, despite the company's recent 40% stock price decline. Recently, Metaplanet increased its holdings by approximately $633 million, acquiring 5,419 Bitcoins, bringing its total holdings to 25,555 Bitcoins, making it the fifth-largest publicly listed Bitcoin holder globally. Additionally, the company has established a subsidiary in the United States, focusing on the development and promotion of Bitcoin-related financial products.

[Multicoin Capital Co-Founder: Tether's $500 Billion Valuation Corresponds to a 77x P/E Ratio, Emerging Markets Are Its Strength] BlockBeats News, September 25, Multicoin Capital co-founder Tushar Jain commented on the matter of 'Tether raising $20 billion at a $500 billion valuation.' Given the Federal Reserve's expected rate cuts, the market anticipates an average interest rate of approximately 3.6% over the next year, which implies Tether's revenue would be $6.2 billion. This corresponds to a price-to-earnings (P/E) ratio of about 77x. However, factors such as the rate-cut cycle and intensified competitive pressures are bound to threaten the sustainability of Tether's income. Nevertheless, Tether enjoys strong brand loyalty in emerging markets. These users are unlikely to switch to stablecoins with higher yields. Furthermore, Tether is continuing its expansion efforts in these countries.

["Machi" Adds to Long Positions with Unrealized Losses of $18.68 Million] On September 25, according to Ember monitoring, "Machi" added to long positions during this morning's market downturn. Currently, the ETH and PUMP long positions on Hyperliquid, valued at $149 million, show an unrealized loss of $18.68 million. As of press time, the 15x leveraged Ethereum long position holds 30,000 ETH (approximately $122 million) with an unrealized loss of $9.92 million and a liquidation price of $3,694.

[GoPlus: GAIN Abnormal Minting Incident Similar to Yala Attack Method] On September 25, GoPlus officially stated that the GAIN abnormal minting incident might be due to unauthorized LayerZero Peer initialization and malicious exploitation, with methods similar to the previous Yala attack. The attacker bypassed cross-chain verification by initializing an additional LayerZero Peer on Ethereum and minted 5 billion GAIN on BSC.

[GAIN Malicious Minting Address Transfers 500 ETH to Tornado Cash] According to Ember monitoring, the address involved in GAIN malicious minting and selling has transferred 500 ETH (approximately $2.05 million) obtained from the exchange into the privacy protocol Tornado Cash. Previously, this address swapped 2,955 BNB (approximately $3 million) for 720.81 ETH via the cross-chain bridge deBridge and distributed the funds across six wallet addresses on the Ethereum mainnet. This move has further intensified market concerns regarding fund flows and potential money laundering activities.