1. Strategy Ranks 1st in Nasdaq 100 Returns Over the Month
Strategy (MSTR) recorded the highest performance among Nasdaq 100 stocks, rising 47.6% over the past month. Based on History of Market data, it reportedly took the top spot, surpassing major stocks such as Meta and AMD.
2. Linera Suspends Operations Due to Funding Shortage
Layer 1 blockchain project Linera announced that it is suspending operations due to a lack of funds. Linera raised approximately $900,000 through a token sale via Sonar, but failed to meet its minimum target amount and issued a full refund; subsequent emergency fundraising also failed. The Linera team stated that they plan to terminate the operation of their app and Discord community, and while point balances will remain as records, future benefits are not guaranteed. Meanwhile, Linera raised approximately $12 million in two rounds in 2022 and 2023 from investors including a16z Crypto and Borderless Capital.
3. MultiverseX Temporarily Suspends Network Due to Attempted VM Vulnerability Attack
MultiversX announced that it has temporarily suspended its network due to abnormal state changes caused by an attempted attack targeting an atomicity vulnerability in the Virtual Machine (VM) layer. The development team plans to prepare a fix and verify it on a Shadow Fork; if the test is successful, they plan to deploy it to the mainnet in consultation with validators, exchanges, and infrastructure partners. They are also reviewing a recovery method that resolves only the erroneous changes related to this incident while preserving confirmed transaction records and the state of normal users. Users are advised not to resend transactions without separate measures and to refrain from using EGLD and ESDT deposits and withdrawals.
4. DTC Pay Raises $25 Million in Series A... SBI Group Participates
It has been reported that DTC Pay, a Singaporean stablecoin payment company, has completed a $25 million Series A funding round, with Japan's SBI Group participating as a strategic investor. SBI Group invested through its subsidiary SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Previously disclosed early-stage investors included Vertex Ventures Southeast Asia & India, Genedant Capital, and existing investor Qui Lyon Tek. Founded in 2019, DTC Pay provides infrastructure connecting digital assets with traditional finance and supports cross-border payment services utilizing stablecoins.
5. Grayscale Zcash ETF Scheduled for 3-to-1 Stock Split
'ZCSH', the spot ETF for Zcash managed by Grayscale, is scheduled to conduct a 3-to-1 stock split. The record date for the split is the shareholders as of the market close on September 28. The split will be distributed after the market close on September 29, and trading is scheduled to begin before the market opens on September 30. It is reported that the ticker will remain ZCSH after the split, and while the price per share will decrease and the number of outstanding shares will increase, there will be no change in the total investment value for investors.
