NU7 cuts the target block time from 75 seconds to 25, giving exchanges, wallets and developers a live rehearsal before a planned November mainnet launch.

Solana's on chain token issuance platform StonkFun has issued over $90 million in rewards to reward token holders. On October 4th, the platform generated $590268 in revenue, of which $3536010 was used to repurchase and destroy 1.79 million STONK tokens.

[Singapore Fintech Company IPID Completes $16 Million Series A Financing] Singapore fintech company IPID has completed a $16 million Series A financing round, led by Foundation Capital, with participation from Citigroup, HSBC, QED Investors, Monk's Hill Ventures, and Quona Capital. The funds will be used to optimize the global payment intelligence network and expand efforts in building U.S. payment rails, stablecoin, and digital asset markets. (Source: TechInAsia)

Bitcoin came within about $500 of its late-September peak before sellers pushed it back under $86,000. It's the second rally in a week to stall. What To Know Bitcoin rose 1.5% to above $86,000 as softer U.S. jobs data fueled expectations of lower interest rates and lifted global stocks. Dogecoin led major cryptocurrencies with a gain of more than 3%, while XRP, BNB and ZEC advanced between 1% and 2%. Bitcoin is about $1,300 below its eight-month high near $87,400, a level that could come within reach if the 10-year Treasury yield continues to fall.

Zcash has activated the NU7 network upgrade on the test network, which reduces the target block interval from 75 seconds to 25 seconds, disables version 4 transactions, and introduces network sustainability mechanisms. After the discontinuation of version 4 transactions, ZEC stored in the old Sprout privacy pool will no longer be usable. Zcash developers will decide on October 20th whether to proceed with the mainnet upgrade, with the mainnet activation target date set for November 5th.