Monad Confirms Airdrop Date Amid Rising Speculation

Monad, the high-performance Layer 1 blockchain, confirmed its long-awaited token airdrop will begin next week, setting Oct. 14 as launch day. The announcement arrived through an X post, intensifying speculation across crypto circles already bracing for the network’s long-promised debut.

The airdrop claims portal will open the same day, though Monad’s team has withheld all specifics about token distribution and eligibility criteria. This deliberate silence has stoked feverish debate among prospective claimants, with analysts parsing every fragment of the project’s sparse disclosures.

Hyperliquid quickly reacted, listing MON-USD perpetuals ahead of the event and granting traders exposure to the unreleased asset. The listing ignited speculative positioning across decentralized markets, where traders now wager on the token’s implied future valuation.

Based on current hyperps trading near $0.12, Monad’s fully diluted valuation has surged to an estimated $12 billion pre-distribution. With 100 billion MON tokens expected to circulate, the airdrop’s opacity has only heightened intrigue around the network’s looming token economy.

Luxembourg Becomes First Eurozone Nation Investing in BTC

Luxembourg’s Intergenerational Sovereign Wealth Fund (FSIL) has invested 1% of its total assets in Bitcoin ETFs, marking a Eurozone first. Finance Minister Gilles Roth announced the move during the national budget presentation, emphasizing Luxembourg’s growing role as a hub for digital finance. Established in 2014 with $730 million in assets, the FSIL aims to protect and grow long-term national wealth.

Treasury Director Bob Kieffer said the fund’s updated policy now includes a modest allowance for digital asset exposure. The Bitcoin investment was made through regulated BTC ETFs to preserve security and ensure proper oversight of all transactions. Luxembourg’s small but deliberate step reflects confidence in blockchain innovation and a balanced approach to national portfolio diversification.

Coinbase Adds DEX Trading for United States Users

Coinbase launched decentralized exchange trading within its platform, allowing US customers to access Base-native tokens directly onchain. The feature integrates liquidity from 1inch and 0x, enabling secure swaps without requiring token custody by the exchange. Users can now trade early-stage assets before traditional listings through Coinbase’s primary mobile and desktop apps.

The rollout follows Coinbase’s efforts to merge centralized infrastructure with open DeFi access for verified users. Supported tokens include projects spanning AI, finance, and gaming sectors, broadening exposure across the Base network. Executives said the update strengthens Coinbase’s long-term strategy to serve as both a trading hub and Web3 gateway.

BNB Meme Tokens Crash After CZ Denying Endorsement

BNB Chain’s meme coin market collapsed after Binance founder Changpeng Zhao cautioned followers that his posts aren’t endorsements. Prices for top BNB-themed tokens plunged between sixty and 95% as traders rushed to exit. PancakeSwap volumes fell sharply following record highs driven by speculative trading over the previous week.

Analysts said the pullback reflects how quickly retail sentiment can reverse when speculation outpaces fundamental activity. During the prior rally, over 100,000 traders joined the frenzy, with several booking million-dollar profits. Despite the correction, BNB’s core token remains strong, highlighting continued investor interest in Binance’s broader ecosystem.

Data of the Day

Total value locked in decentralized finance climbed to a record $237 billion, according to DappRadar’s quarterly report. The growth was driven by institutional stablecoin inflows and expanding real-world asset tokenization. However, daily active wallets dropped 22%, reflecting waning retail engagement across major decentralized applications.

Ethereum maintained its lead with $119 billion locked, while BNB Chain and Solana saw diverging trends. Analysts credited BNB Chain’s gains to rising activity on Aster, its new perpetual DEX. DappRadar said the data reflects a maturing DeFi market increasingly powered by professional capital rather than grassroots retail participation.

More Breaking News

• Polymarket founder Shayne Coplan hinted at a potential POLY token launch following ICE’s $2 billion investment at a $9 billion valuation.
• Kraken expanded its trading suite to include CME futures for oil, gold, and FX, bridging crypto with traditional markets ahead of IPO plans.
• The Ethereum Foundation launched a 47-member privacy cluster led by Igor Barinov, advancing research on private transactions and compliance initiatives.
• Ocean Protocol withdrew from the Artificial Superintelligence Alliance to pursue independent funding and introduce a continual OCEAN token buyback program.
• SoftBank-owned PayPay acquired a 40% stake in Binance Japan to accelerate cashless payments and integrate digital asset services nationwide.
• Farcaster integrated BNB Chain to enable cross-chain social applications amid BNB’s rally past XRP as the third-largest crypto asset.

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