Global Crypto Key News 1. Blur to shut down website on November 12…… — COINJONG — TG.ME

NFT marketplace Blur announced via its official X account at 4:59 AM KST on October 13 that it will shut down the frontend of its website on November 12. The on-chain marketplace protocol will continue to operate, and it explained that control over the BLUR token fee switch will also be maintained. On the same day, NFT lending service Blend announced it would stop matching new loans. Existing borrowers were informed that they could repay their loans by that date, and failure to do so could result in default. A separate frontend tool to assist with withdrawing Blend assets is planned to be provided thereafter.

Kraken’s parent company Payward announced in a press release at 5:00 PM KST on October 12 that it plans to launch services in the United Arab Emirates (UAE) within weeks. Based on final market approval from the Dubai Virtual Assets Regulatory Authority (VARA), it intends to provide services to individual and institutional investors. At launch, it will support Dirham (AED)-based spot and margin trading, direct deposits and withdrawals, on-chain staking, and xStocks tokenized stocks. It plans to provide over-the-counter spot trading and Kraken Prime to institutional clients. Additional services, such as virtual asset derivatives, are scheduled to be expanded in phases from late 2026 to 2027, subject to separate regulatory approvals.

The Sui Foundation and the DATA Foundation officially announced at 11:16 AM KST on October 12 the plan to migrate the DATA network to Sui and invest $30 million. The DATA network and Trace, a registry that records data sources and usage rights, will migrate to a Sui-based infrastructure, and Walrus is set to become the default storage layer for DATA Foundation applications. This collaboration aims to integrate infrastructure for verifying the source and usage rights of AI training data and storing original data. The DATA token will remain the protocol’s token, and network upgrades are planned to be carried out over the coming months. Lee Seung-yoon, CEO of PIP Labs, has joined as a strategic advisor to the Sui Foundation.

Pendle announced at 9:19 PM KST on October 12 that it launched Superform’s SuperNVDA and SuperTSLA products on Base. The two vaults hold Coinbase’s tokenized stocks of NVIDIA and Tesla, NVDAc and TSLAc, with a maturity date of April 8, 2027. Pendle supports fixed-income management through PTs and trading of vault yields and liquidity provision through YT. Vault yields are generated from the interest rate difference of USDC borrowed from Aave using stocks as collateral and deployed into other yield vaults, as well as rewards from Base, etc. Fixed-income management maturity returns are received in NVDAc and TSLAc, while liquidity providers are provided with PENDLE rewards and swap fees.

Bitmine disclosed its new asset holdings status at 9:30 PM KST on October 12. The company stated that it acquired an additional 12,532 ETH over the past week, bringing its total holdings to 6,028,946 ETH. This represents approximately 4.9% of the total ETH supply presented by the company, approaching its goal of securing 5% of the supply. The holdings count for this announcement is based on October 11 US time. It explained that 5,067,309 ETH, or approximately 84%, of the held ETH is currently staking. Total assets, including Bitcoin, investment stakes, cash, and securities, were announced to be approximately $16.2 billion, with cash and securities at approximately $612 million.