Algorand Foundation Names Former Ripple Engineer Nikolaos Bougalis CTO

[Flying Tulip Completes $200 Million Financing at a $1 Billion Valuation] On September 30, Andre Cronje's new crypto project Flying Tulip completed a $200 million seed round financing at a $1 billion valuation. Investors include DWF Labs, Brevan Howard Digital, and others. This round of financing utilized a SAFT structure, aiming to build an on-chain trading platform covering the DeFi sector. The project introduces an 'on-chain redemption right,' allowing investors to destroy FT tokens at any time to redeem their initial assets. The redemption process is managed by smart contracts with protective mechanisms in place. FT tokens cannot be transferred before the public offering is completed, and team members have no initial token allocation.

[Kazakhstan Launches Crypto Fund and Invests in BNB] The Kazakhstan Ministry of Artificial Intelligence and Digital Development has initiated the crypto fund Alem Crypto Fund, managed by Qazaqstan Venture Group and registered at the Astana International Financial Center (AIFC). The fund has completed its first investment, purchasing the cryptocurrency BNB.

Stellar’s token rallied from $0.36 to $0.37 in a 24-hour window, fueled by dual breakout phases and explosive final-hour trading volume.

Jump Crypto’s Firedancer development team has submitted a proposal, known as SIMD-0370, that would remove the block-level compute unit limit.

OKX will launch the XANUSDT perpetual contract, with trading set to begin on 2025-09-30 at 00:30 (UTC+8), offering leverage from 0.01x to 50x. Notes: - The XAN perpetual contract will officially go live on September 30, 2025, at 00:30 (UTC+8). Please plan accordingly. - The leverage range is 0.01x to 50x. Please exercise caution and manage risks while trading. - The funding fee settlement cycle is every 4 hours. Stay informed about changes in funding rates.