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Morpho credit moved while crypto sold off, $25.8M fees in October

, 8 items in Crypto and Web3, 4 min read

In this digest (8 items)

Morpho recorded $25.8M in fees in October and saw active loans rise 24% in 12 weeks. $603M is on Robinhood Chain and $284M on Arc.

Key points

  • Fees: $25.8M recorded in October.

  • Active loans: up 24% in 12 weeks.

  • Assets: $603M on Robinhood Chain, $284M on Arc.

  • Credit flow: moved to Morpho while crypto sold off.

Sources

Initia halted its L1 blockchain after $605k USDC loss

Initia halted its L1 blockchain after unauthorized transfers drained about $605,000 in USDC from rollup escrow accounts. Compromised infrastructure keys were used to fabricate IBC transfers, and roughly $10,000 in other tokens also left the network before the halt.

Key points

  • Unauthorized transfers drained approximately $605,000 in USDC from rollup escrow accounts.

  • Compromised infrastructure keys were used to fabricate IBC transfers.

  • About $10,000 in other tokens also left the network before the halt.

Sources

TrumpMedia Q3 profit $409.7M, reversal from loss

TrumpMedia reports Q3 profit of $409.7 million, reversing a $54.8 million loss from a year earlier. The turnaround is attributed mainly to non-cash gains on its cryptocurrency holdings and other investments.

Key points

  • Q3 profit: $409.7 million

  • Prior year Q3 loss: $54.8 million

  • Turnaround driven by non-cash gains on cryptocurrency holdings

  • Turnaround also driven by gains on other investments

Sources

Steven’s Beldum PSA 10 Gem Mint SVP #207 on Rarible priced 6.5x

Steven’s Beldum PSA 10 Gem Mint SVP #207 is listed on Rarible with a price increase from $25 starter pack to $162, a 6.5× rise. The card is real graded, vaulted and tokenized with @Collector_Crypt.

Key points

  • Card: Steven’s Beldum PSA 10 Gem Mint SVP #207

  • Price: $25 starter pack → $162 card, 6.5× increase

Sources

The Trading Post – Day 5 offers woodcuts 1,041-1,050

The Trading Post released woodcut NFTs numbered 1,041 to 1,050 on day 5 of its 365-day schedule. Offers are submitted via X and the artist selects one offer per piece by midnight Central Time. The rare piece No. 1,046 is #487 of the 3,333 total.

Key points

  • Day 5 lists ten pieces: Nos. 1,041–1,050.

  • Rarest piece today is No. 1,046, identified as #487 of 3,333.

  • Offers are made by replying on X with an NFT link; the artist picks one offer per piece before midnight Central.

  • Untraded pieces are added to the artist’s collection.

Sources

Beatking Tournament #1 – Top 3 prize split 50%/30%/20%

Beatking Tournament #1 offers a prize pot divided 50% to 1st, 30% to 2nd, and 20% to 3rd place. The tournament runs for 7 days and ends at Breakpoint 2026 on November 16th.

Key points

  • Prize distribution: 1st place 50%, 2nd place 30%, 3rd place 20%

  • Duration: 7 days, ending November 16th at Breakpoint 2026

Sources

Glamsterdam + 8037/8 Update – audit reports before ACDT on Nov 16

Glamsterdam + 8037/8 Update announces an audit of reports before the ACDT on Nov 16. No decision on spec changes or Hoodi yet; input is still requested.

Key points

  • Goal: audit reports before ACDT on Nov 16.

  • Nov 16 ACDT: findings, open Q&A; app developers welcome.

Sources

open-8b live training announced, auditable model in progress

open-8b live training announced, showing auditable training where each parameter update can be replayed. open-1b proved auditable training is possible; open-8b aims to prove it is useful.

Key points

  • Announcement: open-8b live training is now available to watch.

  • Claim: open-1b demonstrated auditable training, and open-8b will demonstrate its usefulness.

Sources