MetaMask will launch an on-chain rewards program Discord user data leak

Headline

▌MetaMask: On-chain rewards program to launch “in the coming weeks”

MetaMask announced that it will launch an on-chain reward program “in the coming weeks.” The program “will offer referral rewards, mUSD incentives, exclusive partner rewards, token usage rights, and more,” and will distribute “over $30 million in LINEA token rewards” in the first quarter. MetaMask stated in a notice: “Long-term users of MetaMask will not be overlooked - they will receive special benefits, and the MetaMask rewards will establish a meaningful connection with future MetaMask tokens.” MetaMask also indicated that the program “is not a mining game,” but rather “a genuine way to regularly give back to the community.” It is currently unclear whether users in certain jurisdictions will be restricted from participating in the program, and whether MetaMask will implement any anti-Sybil measures.

▌Due to a cyber attack on third-party customer service, Discord has experienced a user data leak

The social media platform Discord announced that its third-party customer service provider was hacked, and some customer information was stolen and used to extort Discord. The recent cybersecurity incident affected some Discord users who had contacted the customer support team or the trust and safety team, involving chat records, real names, usernames, email addresses, IP addresses, transaction history, payment information, and the last four digits of credit cards, as well as a small number of ID photos used to verify age. Discord revoked the access of the involved third party to the Discord ticketing system immediately upon discovering the incident. According to preliminary analysis, the unauthorized third party that launched the attack did not have the capability to directly access Discord.

Market

As of the time of writing, according to data from CoinGecko:

The price of BTC is $122,394, with a 24-hour change of +0.5%;

The price of ETH is $4,487.58, with a 24-hour change of +0.3%;

The price of BNB is $1,151.88, with a 24-hour change of +1.2%;

The price of SOL is $227.17, with a 24-hour change of -1.1%;

The price of DOGE is $0.2516, with a 24-hour change of -1.4%;

The price of XRP is $2.97, with a 24-hour change of -2.0%;

The price of TRX is $0.341, with a 24-hour change of -0.4%;

The price of WLFI is $0.2008, with a 24-hour change of -0.59%;

The price of HYPE is $49.21, with a 24-hour change of +0.89%.

Policy

▌Token2049 has removed references to A7A5 from its website due to the entity behind it being sanctioned by the United States

According to Reuters, the recently concluded cryptocurrency conference Token2049 in Singapore has removed references to the ruble-backed stablecoin project A7A5 from its website, as the project's issuer has been sanctioned by the United States and the United Kingdom. It is reported that the entity behind the ruble-backed A7A5 stablecoin was sanctioned by the U.S. Office of Foreign Assets Control (OFAC) in August, which claimed that the token “was created for A7 LLC's (A7) Russian clients, with A7 being a Russian company providing a cross-border settlement platform for evading sanctions.” The UK quickly followed suit and imposed sanctions on the project's supporters, claiming that the token “was specifically designed to circumvent Western sanctions.”

****▌Cryptocurrency Executives: DAT Stock Tokenization Intensifies Investor Risk

Kanny Lee, the CEO of the decentralized exchange SecondSwap, stated: The digital asset library (DAT), which tokenizes stocks on the blockchain, exacerbates the risks for investors and their own businesses. The tokenization of DAT equity is akin to recreating a synthetic asset on top of synthetic assets. Investors will ultimately face double risks: first, the volatility of treasury bond cryptocurrencies, and second, the complexities of company equity, governance, and securities laws. This adds significant risk to already volatile assets. Severe on-chain price fluctuations occurring outside of traditional market hours may lead to a run on the stocks of financial companies that have issued tokenized stocks and traditional stocks, and the company may not have enough time to respond to the price shock.

▌The UK will lift the ban on cryptocurrency ETNs for retail investors next week

According to Cointelegraph, the UK's Financial Conduct Authority (FCA) is about to lift the ban on cryptocurrency exchange-traded notes (ETN) issued in 2019 targeting retail investors. According to the notification on August 1, UK regulators will lift the ban on retail investors purchasing cryptocurrency ETNs starting Wednesday, provided that these ETNs are traded on “FCA-approved UK investment exchanges.” Unlike the exchange-traded funds (ETF), which remain prohibited for retail investors in the UK, ETNs represent debt securities linked to cryptocurrencies without any underlying assets supporting them. As the ban approaches its end, companies operating in the UK have been weighing the impact of regulatory changes on retail investors.

▌Nasdaq has submitted a listing application to the SEC for BlackRock's Bitcoin Spot ETF

Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to list BlackRock's Bitcoin premium income ETF, which combines Bitcoin exposure with a premium income strategy. The proposed ETF aims to attract yield-focused investors while enhancing Bitcoin's position in traditional finance.

Application

▌GLEIF collaborates with Chainlink to open the door for the global adoption of digital assets

The Global Legal Entity Identifier Foundation (GLEIF), headquartered in Switzerland, is partnering with Chainlink to bring one of the world’s largest and most trusted company ID databases (with over 3 million LEI records) to the blockchain.

****▌Fujitsu expands strategic cooperation with NVIDIA to provide full-stack artificial intelligence infrastructure

According to Zhitong Finance, Fujitsu is expanding its strategic cooperation with NVIDIA to provide full-stack artificial intelligence infrastructure.

Cryptocurrency

▌A total of 70 early dormant wallets transferred over 2,800 BTC in September

According to data from the blockchain parser btcparser.com, 70 transfers from BTC wallets created between 2011 and 2017 were recorded in September. In these 70 transfers, a total of 2,803.62 BTC was released, amounting to as much as 342.73 million dollars at the current exchange rate of 122,247 dollars per BTC.

****▌The monthly trading volume of tokenized stocks reached $465 million in the past 30 days

In the past month, the monthly trading volume of tokenized stocks reached $465 million, a month-on-month increase of 136%. This growth highlights the increasing interest in trading traditional assets on the blockchain.

****▌Arbitrum net inflow of $27.4 million, Ethereum net outflow of $52.7 million

According to data from Artemis, Arbitrum had a net inflow of 27.4 million USD yesterday, Starknet had a net inflow of 10.7 million USD; Ethereum saw a net outflow of 52.7 million USD, and Solana had a net outflow of 3.6 million USD.

▌"Maji Brother" increased position by 200,000 XPL long orders, with a single coin floating loss exceeding 11 million USD

According to HyperInsight monitoring, “Maji Da Ge” Huang Licheng's address has just increased its position by 200,000 XPL longs (5x leverage), currently facing an unrealized loss of 11.18 million dollars.

Important Economic Dynamics

▌Macroeconomic Outlook for Next Week: Powell to Speak, U.S. Government Shutdown Drama May Continue

If the Republican and Democratic parties in the United States can reach a bipartisan agreement on a temporary funding bill early next week, the employment report for September is likely to be released on the Friday after next. Here are the key points the market will focus on in the coming week (all in Beijing time): On Tuesday at 22:00, 2027 FOMC voting member and Atlanta Fed President Bostic will speak about the economic outlook; Tuesday at 22:30, Federal Reserve Governor Mulan will participate in a fireside chat; On Tuesday at 23:30, 2026 FOMC voting member and Minneapolis Fed President Kashkari will give a speech; Thursday 02:30, the Federal Reserve will release the minutes of the monetary policy meeting; On Thursday at 03:15, 2026 FOMC voting member and Minneapolis Fed President Kashkari will deliver a speech; Thursday at 20:30, Federal Reserve Chairman Powell delivers opening remarks at a community banking conference hosted by the Federal Reserve Board (pre-recorded); Thursday 20:35, Federal Reserve Governor Bowman will give a speech; Friday 01:00, Federal Reserve Governor Barr and 2026 FOMC voting member, Minneapolis Fed President Kashkari will speak at an event; On Friday at 21:45, 2025 FOMC voting member and Chicago Fed President Goolsbee delivered the opening remarks and hosted a discussion at a community bankers' seminar. (Jin Shi)

****▌The probability of the Federal Reserve cutting interest rates by 25 basis points in October has dropped to 96.2%

According to CME's “FedWatch” data, the probability of the Federal Reserve keeping interest rates unchanged in October is 3.8%, while the probability of a 25 basis point rate cut is 96.2%.

Golden Encyclopedia

▌What is a multi-signature cold wallet?

A cold wallet is a method of storing cryptocurrency that keeps it offline and disconnected from the internet. This setup makes it more difficult for hackers to remotely access the funds. Cold wallets reduce the risk of network attacks (such as phishing or malware) by storing private keys offline. Multi-signature technology requires multiple private keys to approve a transaction, while single-signature wallets need only one key. It can be viewed as a joint bank account, where any withdrawal requires two or more signers to approve. This additional layer of security means that even if one key is compromised, the attacker cannot unilaterally transfer the funds. Multi-signature cold wallets require multiple private keys from trusted parties to approve and authorize transactions, enhancing security by preventing single points of failure.

Despite the security advantages of multi-signature wallets, they are not immune to attacks. Hackers often exploit vulnerabilities in implementation, human behavior, or third-party services. To make multi-signature cold wallets more secure, it is important to use higher signature thresholds, implement multi-layer authentication, and store keys in secure, geographically distributed locations. For those looking to protect their cryptocurrency assets from theft and fraud, multi-signature cold wallets remain one of the best options. However, their complexity and potential vulnerabilities, especially in the case of supply chain attacks, should not be overlooked.