BlockBeats news, October 1: Two hours after its launch, the total cross-chain supply of Open Standard's USD stablecoin OUSD reached approximately 477.3 million, with reserve assets of $477.3 million and a reserve asset coverage ratio of 100%.

Among the reserve assets, U.S. Treasury bonds amount to approximately $211.2 million, accounting for 44.25%; USD cash amounts to approximately $266.1 million, accounting for 55.75%. The circulating supply of OUSD on the Tempo network is 434.2 million, with cumulative transfer volume reaching $533.9 million.

BlockBeats news, October 1st, Bubblemaps posted that the Meme coin Super Inu (SI) was launched around the time Trump promoted renaming artificial intelligence as "Super Intelligence," and surged rapidly after Trump publicly used the term "SI."

On-chain data shows that wallet 9pkJqJ created SI and minted 20% of the token supply for itself, then snapped up another 12% through 8 other wallets, securing a total of 32% of the supply. The wallet subsequently sold all tokens for about $24,000; if held until now, the tokens would be worth approximately $15 million.

After selling too early, the developer bought back into SI, but by then the token price had already risen.

BlockBeats news, October 1st, Ethereum Name Service ENS founder Nick Johnson posted to deny issuing tokens on Robinhood. He stated that the relevant account was created for a Twitter contest, where participants needed to find the account mnemonic based on an image, so the account and its mnemonic have long been public and are not his private account used for issuing tokens.

BlockBeats news, September 30: Open Standard CEO Zach Abrams stated that the company will place the stablecoin economic distribution mechanism at the core of the OUSD model. Founding partners will not receive special revenue shares, but will instead adopt the same rules as other partners, earning rewards based on the OUSD supply they drive.

Abrams said that Open Standard plans to distribute the vast majority of the company's equity over the next 4 to 5 years to founding partners and other network partners based on contributions. Partners who meet the minimum threshold can earn equity based on the OUSD supply and transaction activity they drive, in order to encourage partners to promote OUSD circulation rather than merely holding tokens. The company has not yet disclosed the specific participation threshold.

Abrams believes that the growth opportunity for OUSD is not limited to competing for market share from USDT or USDC. Areas such as bank card settlement, foreign exchange trading, and cross-border payments can also leverage stablecoins to achieve faster and more frequent fund flows than traditional banking networks.

BlockBeats news, September 30: Open Standard CEO Zach Abrams stated that the company is not a consortium governed by joint decision-making among hundreds of participants. Day-to-day operations are managed by the management team, while a smaller group of founding partners holds ownership and governance functions, with other partners rewarded based on their contributions to driving OUSD supply and transaction activity.

Coinbase, Mastercard, Shopify, Stripe, and Visa have invested to become the first five founding partners, each receiving an equal proportion of initial equity. The five companies have also committed to investing over $1 billion in the coming months to build liquidity for OUSD. The specific investment amounts and equity stakes of each company have not been disclosed.

These five companies are currently the sole investors in Open Standard. Abrams expects the number of founding partners to grow to approximately 10 to 12 in the future, with plans to establish a board of directors composed of founding partners. Meanwhile, the number of partners planning to integrate OUSD has increased from over 140 in June this year to over 200, with the latest additions including SBI Holdings, UBS, and fintech company Jeeves.

BlockBeats news, September 30: Ostium released an update on OLP fund recovery, stating that a multi-vector attack on July 15 compromised the platform's off-chain pricing and signing infrastructure, with approximately $23.75 million withdrawn from the Ostium liquidity pool. Available evidence suggests the attacker may be a nation-state actor. The platform resumed trading on July 23 on migrated and hardened infrastructure, and has so far recovered 649,967 USDC.

OLP completed its first post-incident settlement on September 12, reflecting the related losses in the share price for the first time. Affected users still hold a proportional share of the pool's remaining assets, currently valued at approximately 30% of their pre-incident OLP holdings. OLP resumed regular settlements starting September 15, new deposits remain paused, and users can request withdrawals at any time with settlement completed on a T+3 basis; withdrawals will not affect eligibility to participate in the recovery plan.

The Ostium recovery portal is now live. The snapshot identified a total of 3,666 affected wallets, of which 3,321 wallets, or 90.59%, are eligible in Phase 1 to receive 100% compensation for verified losses. Users with losses of no more than 1,000 USDC can directly claim an equivalent amount in USDC; users with losses exceeding 1,000 USDC may choose to claim 1,000 USDC and forfeit the remaining amount, or participate in the Phase 2 proportional recovery plan. Phase 2 funding will come from subsequent recovered assets, a share of Ostium protocol revenue, and other benefits that may be offered, with specific details to be announced before the October 30 selection deadline.

BlockBeats news, September 30: Open Standard announced the official launch of the US dollar stablecoin OUSD, enabling enterprises and developers to use OUSD to build internet-native financial services and products such as banking, cross-border payments, settlement, and institutional trading.

OUSD currently offers 4 integration paths, with related APIs and tools covering services including settlement, payment orchestration, trading, foreign exchange conversion, wallets, and bank cards. All channels support free minting and burning of OUSD at a 1:1 US dollar exchange rate. Enterprises can currently access it through Mastercard, Stripe, and Visa stablecoin platforms, with Coinbase integration set to open on October 1.

OUSD will natively support Base, Ethereum, Solana, and Tempo, and will first launch on centralized and decentralized trading platforms including Coinbase, Kraken, and Uniswap. OUSD is issued by Bridge, a company under Stripe, with reserve assets held at BlackRock, Lead Bank, and Bank of New York Mellon, and proof of reserves will be published monthly. Open Standard currently has more than 200 partner financial institutions, fintech companies, banks, and global enterprises.

BlockBeats news, September 30: Solv Protocol has issued a clarification regarding a recent BTC+ redemption incident that sparked public discussion, stating that the BTC+ subscription and redemption mechanism is currently operating normally. This incident is an isolated case, where a specific transaction triggered the protocol's risk review, and it does not affect BTC+ overall subscriptions and redemptions.

Solv Protocol stated that the assets related to this incident remain safely and intact within the protocol, and have not been transferred, destroyed, or otherwise disposed of. Currently, the relevant matter is under review in accordance with established risk management procedures.

The protocol will continue to handle this incident based on verifiable information and evidence, and will not make judgments solely based on social media identities or unilateral public statements. If necessary, Solv Protocol will cooperate with legal counsel or further verify the situation through relevant judicial procedures. Solv stated that it will no longer respond to other public discussions based on online identities or similar situations in the future, and will continue to prioritize asset security and the normal operation of BTC+.

Previously, X user @neillee99 posted that on July 8, they withdrew approximately 50 BTC from Binance and converted it through the normal process into SolvBTC and BTC+ to obtain an annualized yield of about 3%. BTC+ subsequently suspended minting and redemptions; Solv Protocol announced the resumption of related functions on July 31, but the user claimed their address remained restricted, and the related assets have still not been redeemable to date. The user stated that they had submitted proof of source of funds, transaction records, and wallet control, with the request being to lift the address restriction.

BlockBeats news, September 30: The Drift Foundation has disclosed progress on fund recovery related to the April 1 security incident, in which approximately $295.4 million in user assets were stolen. The foundation has engaged Mandiant, zeroShadow, and SEAL 911 to conduct investigations and trace the funds, with Mandiant identifying the attacker as the North Korean threat group UNC6862.

The stolen funds were subsequently bridged to Ethereum, with approximately 130,259 ETH distributed across 4 wallets. Three of these wallets have seen no transfers to date, collectively holding 107,165 ETH; the other wallet transferred approximately 23,094 ETH to Tornado Cash on July 23. The foundation stated that approximately $9.2 million in stolen funds have now been frozen. The relevant funds were previously moved through Tornado Cash in August, but unfreezing and return still require cooperation with legal procedures.

The Drift Foundation will transfer all assets recovered through freezing, bounties, or law enforcement channels into the DFX Recovery Pool and is evaluating the subsequent path of the DRIFT token within the broader ecosystem. In addition, the foundation has partnered with Bybit to launch a public bounty program, offering a 10% bounty on successfully recovered funds.

BlockBeats news, September 30: Hyperliquid co-founder Jeff Yan said at Korea Blockchain Week that 24-hour uninterrupted trading is not the real advantage that distinguishes on-chain finance from traditional trading platforms. Crypto assets themselves are global in nature and do not need to follow traditional market trading hours, while traditional exchanges are also extending their trading hours.

Yan believes that the most important advantage of on-chain finance is that users can retain control and custody of their own funds. At critical moments when counterparties, intermediaries, or custodians encounter problems, self-custody can reduce common single points of failure. Another core advantage of on-chain systems is transparency: users can in theory understand everything happening within the system, which provides the trust and neutrality that systems controlled by a single private institution cannot offer.

He also said that 24-hour trading still has value for assets that lack public prices after traditional markets close, including commodities, stocks, and Pre-IPO assets. Yan believes that private markets may be the next major category of assets to achieve around-the-clock trading, and that a globalized price discovery mechanism is expected to allow more users to participate in related markets earlier, rather than being limited to a single jurisdiction.