Crypto Morning Brief: Mantle to launch major event with Apex, USDH issuer stakes and locks 200,000 HYPE
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Crypto Morning Brief: Mantle to launch major event with Apex, USDH issuer stakes and locks 200,000 HYPE
Mira Foundation announced the official launch of MIRA token registration and claiming.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
US August Core PCE Price Index YoY at 2.9%, in line with expectations of 2.90% and prior value of 2.90%
According to Jin10 News, the US August core PCE price index year-on-year rate was 2.9%, meeting the expected 2.90% and previous value of 2.90%.
The US August core PCE price index month-on-month rate was 0.2%, matching expectations of 0.20%. The prior value was revised from 0.30% down to 0.2%.
Hyperdrive: Confirms two accounts compromised, has paused all money markets; $HYPED unaffected
According to Hyperdrive, positions from two accounts on the thBILL market were compromised. As a precautionary measure, Hyperdrive has paused all money markets pending further investigation. This issue does not affect $HYPED. Earlier reports indicated Hyperdrive may have suffered a loss of approximately $700,000.
LIGHT launches airdrop claim page
According to the official website, LIGHT has launched an airdrop query page, allowing users to connect their wallets and check eligibility.
Mira Foundation announces official launch of MIRA token registration and claiming; users must register by October 2 at 11:00 UTC
As disclosed by Mira Foundation, MIRA token registration and claiming are now open, with the Mira mainnet officially launched. This airdrop targets early users, contributors, and community members, with the snapshot taken on September 22, 2025, at 00:00 UTC.
Users must complete registration by October 2 at 11:00 AM UTC and claim tokens by October 26 at 12:00 PM UTC. Unclaimed token allocations will be reallocated toward future network growth, ecosystem incentives, and long-term sustainability.
Huma Finance: Season 1 Airdrop Phase 2 is live, deadline set for October 26
Huma Finance announced on social media that the second phase of its Season 1 airdrop is now live, allowing users to claim and stake HUMA tokens.
The claim window will close at 1:00 PM UTC on October 26. Staking HUMA offers an annualized yield of 10%.
Bybit CEO: Mantle to co-launch major event with Apex
Bybit CEO Ben Zhou posted, "Mantle × Apex. A major event is coming!"
Following this announcement, APEX surged 293.78% over 24 hours, currently trading at 2.06 USDT, with market capitalization rising to $278.45 million. MNT rose over 12.84% in 24 hours, now at 1.82 USDT, with market cap reaching $5.92 billion.
Lido’s proposal on LDO buyback sees 100% support, voting ends September 30
Snapshot shows Lido has initiated voting on NEST, a modular system proposal to use stETH from treasury to buy back LDO. Current support stands at 100%, with voting ending September 30. The first functional version of NEST is expected to launch in December 2025, paving the way for future buyback mechanisms.
NEST is a module extension of STONKS, designed to streamline exchange between stETH and LDO, with LDO automatically sent to the Lido DAO treasury. The current proposal only covers NEST development; activation requires a separate on-chain vote. If passed, further research, timelines, and detailed designs will follow. Core contributors will continue discussing the buyback mechanism.
USDH issuer Native Markets: Has staked and locked 200,000 HYPE for 3 years
Native Markets announced it has staked and locked 200,000 HYPE (approximately $8.7 million) for three years, making USDH the first permissionless spot-denominated asset added on Hyperliquid.
Previously, Native Markets won the bid for Hyperliquid’s stablecoin USDH. Hyperliquid has since listed the HYPE/USDH spot trading pair.
SoftBank and ARK in talks to participate in Tether’s major funding round
SoftBank and ARK are in discussions to join Tether’s major private funding round.
Earlier reports indicated Tether aims to raise $15–20 billion through private placement, representing about 3% of the company, with talks still in early stages.
Kraken in talks with strategic investors at $20B valuation
According to The Block, cryptocurrency exchange Kraken is in discussions with strategic investors to raise $200–300 million, aiming to reach a $20 billion valuation ahead of a planned IPO in early 2026.
Miner TeraWulf seeks to raise ~$3B for data center construction
Bloomberg reports Bitcoin mining firm TeraWulf (Nasdaq: WULF) is expected to raise around $3 billion to support data center development.
Morgan Stanley is arranging the potential deal for TeraWulf, which could launch as early as October, possibly via high-yield bonds or leveraged loans. Google is expected to provide backstop support, potentially leading to a higher credit rating. Rating agencies are expected to assign the debt within the BB to CCC range.
Market Movements
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