Prioritizing User Fund Security

WLFI emphasized that the security breaches were not caused by the platform or its smart contracts. Attackers accessed wallets through third-party security failures. In September, impacted wallets were frozen and owners were asked to re-complete KYC verification to confirm their identity.

Throughout the process, protecting user funds remained the top priority. The team tested new smart contract logic to ensure safe reallocation of funds. While the procedure took time, security was prioritized over speed.

New Smart Contracts and Fund Reallocation

The new smart contract logic was specifically designed for bulk fund reallocation. Users who complete the required KYC verification will be able to securely access their funds. Wallets of users who have not yet completed the verification process remain frozen, but they can initiate verification through WLFI’s help center.

By implementing these measures, WLFI ensures both regulatory compliance and maximum protection for user funds. The platform reiterated that the attacks stemmed from external vulnerabilities, not the WLFI network itself.

Important Information for Users

• Affected users will have funds reallocated to new wallets after completing KYC verification.

• Users who have not verified their identity can start the process via the support center.

• The new smart contracts ensure secure bulk fund transfers for all verified users.

WLFI continues to update users and prioritize platform security while maintaining trust and regulatory standards.

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It provides SDKs, embeddable codes, social login wallets, and gas-free onboarding tools to help brands, marketers, and communities easily run global campaigns.

Team & Founders

The core team comprises experienced MarTech and Web3 professionals, developing both user-focused mobile experiences and enterprise web-based campaign management infrastructure.

• Blue Song (Co-Founder): Focuses on Web3 education and AI-based gamification systems.

• Star Ahn (Co-Founder): Responsible for global growth and community strategy.

Development & Operations

• Lazy Surfers Team: Handles mobile app development, smart contract integration, and ad mediation.

• CertiK Audit: Smart contract audit completed (October 2025).

Investors & Partners

• Investors: UOB Ventures, ACCapital Web3, OOKC Labs, Notch VC, Louis Hyper, Credit Scend

• Partners: BGA (Blockchain for Good Alliance), DTC Group (Web3 incubator), Bybit Web3, Google for Startups, NVIDIA Inception

Community & Operational Team

• Managing 1.3M users

• Community engagement via Discord and X (formerly Twitter)

• Funding round completed (October 2025); now focusing on TGE (Token Generation Event)

Project Purpose & Vision

Marina Protocol aims to redefine digital reward campaigns. Users engage through daily tasks and quizzes, earning on-chain token rewards. Key goals:

• Transparency: Automated reward distribution via smart contracts

• User Engagement: Continuous interaction with gamification

• Global Scale: Access in over 200 countries

How It Works

1. Mobile Daily Reward Hub

   • Daily quizzes and missions earn SURF points

   • Social tasks: Invite friends, share content

   • Convert SURF points into in-app benefits and BAY tokens

   • Gamified progression ensures long-term engagement

2. Web: On-Chain Portal (Coming Soon)

   • Fully on-chain campaign creation and management

   • Automated reward distribution via smart contracts

   • BAY token staking, participation, and exclusive events

   • Campaign analytics and user interaction tracking

Governance

Currently, Marina Protocol is not fully decentralized (DAO), but the BAY token manages user and marketer interactions within the ecosystem. Future plans include decentralized campaign and reward management.

SURF Token (Utility Token)

• Name: SURF

• Type: Utility token on BNB Chain (BEP-20)

• Supply: Unlimited, with weekly production cap to control inflation

• Earning: Users gain SURF points through daily activities (SURFING)

• Tokenization: Points convert to SURF tokens; tokens can be burned when converting back to points

Roadmap

• 2023: Android app launch

• 2024: iOS launch, global user growth, partnerships (NVIDIA, Bybit, Google for Startups)

• 2025: 1.3M users, in-app ad & event growth

• H2 2025: Web-based MarTech platform, staking & token integration

• 2026: On-chain campaign system, gamified mobile/web app with token integration

Binance Alpha Airdrop : A special airdrop for Binance Alpha users is planned for November 1, 2025.

BAY Token Usage

• Paying for campaigns and promotions

• Smart contract deployment

• Tiered rewards based on token holdings

• Staking (earn interest and voting power)

• Launchpool/Launchpad participation

• Exclusive raffles and P2E applications

Token Info

• Name: BAY

• Total Supply: 1,000,000,000 BAY

• Circulating Supply: 200,000,000 BAY

• Use: Ecosystem token for staking, rewards, and campaign participation

Ecosystem & Features

• Global reach: 1.3M users, 200+ countries

• Gamification: Daily tasks, quizzes, social activities

• Mobile & Web Integration: Lightweight mobile participation, full on-chain web management

• Transparent reward system: Instant, secure smart contract payouts

• Developer-friendly: SDKs & embed codes for global campaigns

Summary

Marina Protocol makes Web3 accessible through Learn & Earn + MarTech: users earn rewards on mobile devices while brands manage transparent campaigns. BAY drives staking and governance, while SURF is used for rewards and in-app activities. With 1.3M users and strong partners, the platform is poised for global growth.

Official Links

• Website
• WhitePaper
• Twitter
• Telegram

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Additionally, on October 9, Grayscale made strategic portfolio updates in its DeFi and Smart Contract funds, adding Aerodrome Finance (AERO), Story (IP), and Avalanche (AVAX) projects. As of Q3 2025, Grayscale removed MakerDAO (MKR) from the DeFi Fund and included Aerodrome Finance (AERO) with a 6.6% weighting in the portfolio. The Smart Contract Fund added Avalanche (AVAX) and Sui (SUI) while maintaining balance across ETH and SOL holdings.

Newly Added and Removed Altcoins

Grayscale’s updated “Assets Under Consideration” list now includes 32 crypto assets:

• Newly added altcoins: Geodnet (GEOD), Kaito (KAITO), Flock (FLOCK), Sky (SKY)

• Removed from the list: Aixbt by Virtuals (AIXBT)

• Existing assets added to investment products: Aerodrome (AERO), DeepBook (DEEP), Story (IP), Walrus (WAL)

These changes provide investors with a key reference for strategically diversifying their portfolios and highlight emerging trends in AI and blockchain ecosystems.

Altcoins by Category

• Financial Services & DeFi: Projects like Ethena (ENA) and Maple Finance (SYRUP) offer liquidity and risk management solutions.

• Smart Contract Platforms: Aptos (APT) and Polkadot (DOT) provide fast and secure smart contract environments.

• Culture & Meme Coins: Bonk (BONK) and Playtron focus on user engagement and digital experience.

• AI & Technology: Flock (FLOCK) and Kaito (KAITO) enable decentralized AI applications.

• Specific Use Cases & Specialized Projects: Geodnet (GEOD) provides geographic data, while Jito (JTO) offers staking and validator services.

Important Notes for Investors

• Projects added to Grayscale’s list are not guaranteed to be included in future investment products.

• Investors should conduct their own research and carefully evaluate risks.

• Newly added AI and infrastructure projects reflect emerging trends in the crypto market.

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Binance Lists Enso!

Binance will list ENSO starting 2025-10-14 09:00 UTC, enabling trading against USDT, USDC, BNB, FDUSD, and TRY pairs. ENSO will also be tagged with a Seed Tag.

What is Enso (ENSO)?

Enso is a decentralized shared network that allows developers to generate executable bytecode for smart contracts across different blockchains, rollups, and application chains (appchains).

Designed as a Tendermint-based Layer-1 blockchain, Enso maps all smart contract interactions, enabling developers to interact with smart contracts on any chain from a single source.

This approach eliminates fragmentation and usability issues within the blockchain ecosystem. Developers can build composable, frictionless, and unstoppable applications.

Enso’s Purpose and How It Works

The blockchain world has grown complex, ranging from Bitcoin’s simple structure to Ethereum, Solana, Avalanche, Near, and Layer-2 solutions. Each network presents different smart contract standards and integration requirements. Enso aims to simplify these interactions by providing a unified environment for developers to execute smart contracts across chains seamlessly.

What is Enso (ENSO)?

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Another key aspect of the platform is its encouragement of developers through hackathons and community events, expanding blockchain technology’s applications. 

Team and Founders 

Ergo was founded in 2019 by leading blockchain developers and crypto pioneers. 

• Alex Chepurnoy: Co-founder of the original smartcontract.com (later Chainlink) team and core developer of the NXT platform. 
• Dmitry Meshkov: Experienced developer in blockchain and cryptographic solutions. 

The team has a strong academic background in cryptography, compiler theory, and blockchain technologies. 

Investors and Partnerships 

Ergo adopted a fair launch model instead of centralized investors or an ICO. Its growth is supported by the Ergo Foundation through a treasury system. In the first 2.5 years, the treasury accumulated 4,330,791.5 ERG (4.43% of max supply). 

Highlighted collaborations:

• Crux Finance – portfolio management and DeFi interaction tool 
• Paideia DAO – decentralized governance framework 
• Rosen Bridge – cross-chain asset and data bridge 
• Cardano and Zelcore ecosystem ties 

Governance 

• Ergo operates with a community-driven and decentralized governance model: 
• Paideia DAO – evaluates and approves proposals 
• Sigmanauts Program – incentivizes mining pool and network participation 
• Hackathons – integrate community-driven innovations 

Roadmap 

• 2019: Genesis year, platform launch 
• 2020: Infrastructure development, Foundation setup 
• 2021: Ecosystem and community expansion 
• 2022: Technical upgrades, Sigma protocols, Autolykos improvements 
• 2023: DeFi applications, sidechain integrations 
• 2024+: Layer-2 scaling, advanced DeFi tools 

What is ERG Coin? 

ERG is the native cryptocurrency of the Ergo blockchain, powering transactions, smart contracts, and network security. With a capped supply of 97,739,924 ERG, it is inherently deflationary. 

Tokenomics 

• Name: ERG 
• Total Supply: 81.99M ERG 
• Max Supply: 97.73M ERG 
• Circulating Supply: 81.99M ERG 

Distribution

• 95.57% Public Allocation – distributed through mining 
• 4.43% Foundation Treasury – 4,330,791.5 ERG reserved for ecosystem growth 

Additional details: 

• 93.4M ERG distributed across ~2.08M blocks as mining rewards 
• Treasury release capped at 10% of circulating supply over 2.5 years 

Ergo Foundation 

The Foundation ensures sustainable growth, supports ecosystem projects, promotes social impact use cases, and strengthens decentralization. It manages 4.43% of ERG emission with transparent reporting. 

ERG Utility 

• Transaction fees 
• Mining rewards 
• Collateral in DeFi 
• Storage rent for inactive UTXOs 
• Governance participation 

Tokenomics Highlights 

• Fixed capped supply → deflationary model 
• Extended emission schedule (EIP-27) → mining sustainability 
• Fair launch → no ICO or presale 
• Storage rent → sustainable blockchain design 

Technology and Features 

• eUTXO Model – advanced version of Bitcoin’s UTXO model, enabling privacy and scalability 
• Autolykos Algorithm – ASIC-resistant, GPU-friendly PoW mining 
• NiPoPoWs – efficient blockchain validation with minimal data 
• Sigma Protocols – zero-knowledge proofs for secure contracts 
• ErgoScript – high-level declarative smart contract language 
• Storage Rent – keeps blockchain lightweight and efficient 

Ecosystem (Sigmaverse) 

• DEXs – ErgoDex, ErgoAuctionHouse for peer-to-peer trading 
• Stablecoins – SigmaUSD with Djed protocol 
• Lending & Borrowing – SigmaFi, Duckpools 
• Privacy Tools – ErgoMixer for non-custodial mixing 
• Cross-chain Bridges – Rosen Bridge to Cardano, Bitcoin 
• Wallets & Tools – Nautilus, Minotaur, Satergo, Crux Finance 

Official Links 

• Website
• Twitter
• Telegram

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As of August 2025, the top 10 ETH addresses hold roughly 70% of the 120.7 million circulating ETH. However, most belong to staking contracts, exchanges, or institutional funds rather than individual whales.  

The Beacon Deposit Contract alone holds 65.88 million ETH, representing 54.5% of the total supply. Validators must wait a set period to withdraw ETH, making this contract a protocol-controlled treasury rather than a personal wallet.  

The Wrapped Ether (WETH) contract also ranks high, holding 2.26 million ETH. These figures highlight the importance of staking and DeFi usage in the Ethereum ecosystem.  

Institutional and Individual ETH Holders  

Exchanges like Coinbase hold 4.93 million ETH, Binance 4.23 million, Bitfinex 3.28 million, Robinhood 1.66 million, and Upbit 1.36 million. These addresses actively support exchange liquidity and staking derivatives.  

Institutional investors are also treating ETH as a treasury asset. BlackRock’s iShares Ethereum Trust (ETHA) controls 3 million ETH, Grayscale ETHE manages 1.13 million, and Fidelity’s FETH oversees $1.4 billion in ETH. Together, these institutions control over 5 million ETH, reshaping the Ethereum ownership landscape.  

Individual holders include Vitalik Buterin with 250–280k ETH, Joseph Lubin around 500k ETH, and the Winklevoss twins 150–200k ETH. These numbers emphasize the contrast between corporate and personal ETH ownership.  

Over 130 million addresses exist on Ethereum, but fewer than 1.3 million hold at least one ETH. Ownership is concentrated, with most assets in staking, exchanges, and institutional funds.  

On-chain data confirms Ethereum has moved from individual whales to institutional and protocol-based players. This trend highlights the ecosystem’s corporate depth and the strength of staking infrastructure.  

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According to the bank’s analysis, as corporate treasuries continue to purchase ETH in the coming period, this interest will become much more visible. In fact, Standard Chartered predicts that these institutional purchases could reach up to 10% of Ethereum’s total circulating supply.

Standard Chartered: A 10x Increase Could Occur

Another key point highlighted by the bank is that current institutional Ethereum investments only reflect a small portion of the full potential. According to Standard Chartered, the amount of ETH held in corporate treasuries could increase 10-fold in the coming period. This situation could completely shift the market’s supply-demand balance.

Such strong accumulation of Ethereum by institutional companies could have long-term effects not only on the price but also on the overall network usage and security. After all, the Ethereum network is positioned as the backbone of smart contracts and decentralized finance (DeFi) applications.

ETH’s Strategic Role is Expanding

This prediction by Standard Chartered suggests that Ethereum could further solidify its leadership role in the altcoin markets. As the second-largest cryptocurrency after Bitcoin, ETH is no longer just an investment tool; it is also becoming a strategic asset for technology companies.

The growing institutional interest could also reduce Ethereum’s volatility over time and help it become a more stable store of value.

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Coinbase, especially in the listing process, conducts a meticulous review, accepting only safe and sustainable projects to be traded on its platform. The inclusion of RSC in this listing is seen as a significant part of both the token’s potential and Coinbase’s growth strategy.

Coinbase’s Listing Process

Coinbase’s cryptocurrency listing process is based not only on market value but also on many factors such as the security of the project, compliance with regulations, and the robustness of its technological infrastructure. This detailed evaluation process aims to provide investors with a safer trading environment.

The methodology Coinbase follows when deciding to add new tokens takes into account not only the interests of investors but also the long-term success of the projects. Coinbase’s careful approach makes it a reliable cryptocurrency exchange and has a significant impact on user preferences.

You might also be interested in: The Role of Dragonfly Personnel in the Tornado Cash Case!

$RSC What is it?

The RSC token is an ERC-20 token built on the Ethereum network. Users can trade this token on various platforms and use it for investment purposes. However, one of the biggest features that sets RSC apart from other ERC-20 tokens is its broader use case and the increased compatibility across platforms. For this reason, the RSC token stands out as an attractive option for investors.

Coinbase adding the RSC token to its listing roadmap is an exciting development for both RSC and the Ethereum ecosystem. The cryptocurrency exchange is offering a wider range of tokens to its users, thereby increasing opportunities for investors to diversify their investments. It is always difficult to predict what will happen in the cryptocurrency market, but the opportunities provided by Coinbase ensure that investors carefully follow these developments.

If you are also interested in researching RSC and diversifying your investments, you can consider these new options provided by Coinbase. However, as always, don’t forget to conduct thorough research before making any investment decisions.

Coinmuhendisi.com To access all the content and detailed news available on, don’t forget to follow us on Google News!

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Game-Changing Investment in EigenLayer

Venture capital giant a16z has invested $70 million in EigenLayer, currently the largest restaking protocol on Ethereum with over $12 billion in TVL. This follows their earlier $100 million commitment during EigenLayer’s Series B funding round. This latest investment focuses on acquiring EigenLayer tokens.

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According to a16z, the funding aims to speed up the commercialization of EigenLayer’s services and to integrate their AVS ecosystem. The goal is to unblock barriers for developers working across smart contract platforms and even those from traditional Web2 environments.

Introducing EigenCloud: The Future Is Verifiable

Sreeram Kannan, CEO of Eigen Labs, envisions a future where EigenCloud powers a new wave of crypto apps aimed at mass markets. Recently released in its alpha stage, EigenCloud is designed to help developers build verifiable and trustless Web2 applications on top of any blockchain infrastructure.

This breakthrough enables:

• Fully onchain games,
• Onchain insurance services,
• Decentralized marketplaces,
• Verifiable AI integrations,
• Smart adjudication systems.

All of which rely on programmable cryptographic verification.

The New Era of Crypto Applications

The company believes this is only the beginning. In their official statement, Eigen Labs noted:

“Bitcoin disrupted money, and Ethereum made it programmable. But we believe the next era of innovation starts when any application in any industry can be made verifiable by any developer.”

Currently, access to EigenCloud is limited to select developers, with a broader rollout expected by the end of the year.

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The rebranding on August 1, 2024, wasn’t just a name change; it represented a strategic shift in vision. With this new identity, Sonic aims to offer greater scalability, faster transaction finality, lower fees, and a more developer-friendly Web3 environment. The network’s native token FTM became convertible 1:1 into the new S token, with the migration window remaining open for six months.

Core Pillars of Sonic: Speed, Security, and Interoperability

With its upgraded infrastructure, Sonic can theoretically process up to 10,000 transactions per second (TPS), with sub-second finality. This places Sonic among the fastest blockchains in the market.

At the heart of the network lies the Lachesis consensus protocol, built on asynchronous Byzantine Fault Tolerance (aBFT). Unlike traditional blockchains, Lachesis processes transactions by linking events rather than fixed blocks, allowing faster confirmation, reduced data usage, and ultra-low fees—typically as low as $0.001 per transaction.

Sonic is also fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to migrate Ethereum-based smart contracts without modifications. The Sonic Gateway bridge facilitates secure and low-latency cross-chain transactions between Sonic and Ethereum.

A Powerful Developer Incentive Model

Sonic Labs introduces an innovative revenue-sharing model to support on-chain developers. Through the Fee Monetisation (FeeM) program, developers can earn up to 90% of transaction fees generated by their decentralized applications (dApps).

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This model resembles how content creators earn income through platforms like YouTube or TikTok, making Sonic not only technically compelling but also financially rewarding for builders.

S Tokenomics and Network Design

The S token is the native utility token of the Sonic network. It powers the ecosystem by enabling fee payments, staking, governance participation, and validator rewards. It also replaces the former Fantom (FTM) token, with a seamless 1:1 conversion process designed to onboard the existing community.

Key Metrics

• Total Supply: 3.175 billion S
• Initial Circulating Supply: ~2.88 billion S
• Maximum Supply: None (regulated through controlled inflation and burn mechanisms)

Airdrop Program

Six months post-mainnet launch, an additional 6% of S tokens (~190.5 million) will be minted and distributed to both Fantom Opera and Sonic users and builders.

• 75% of airdropped tokens are locked in a 270-day vesting period.
• Early claims are penalized via token burns to incentivize long-term commitment and active participation.

Inflation & Block Rewards

To maintain decentralization and incentivize validators, Sonic follows a balanced issuance model:

• For the first 4 years, no new S tokens will be minted. Rewards will be funded using unclaimed Fantom Opera block incentives.
• After year 4, new S tokens will be minted annually at a controlled rate of 1.75%.
• Each year, 47.625 million S tokens will be allocated for network growth, team expansion, and marketing—any unused tokens will be permanently burned.

The structure has been preserved post-transition, with greater flexibility introduced through staking incentives, dynamic burning, and airdrop-based community growth.

Funding and Investors

To date, Sonic has raised a total of $101.54 million. 59% came from private rounds, and 41% through public sales.

Notable Investors:

• Galaxy Digital
• OKX Ventures
• SoftBank
• Hashed Fund
• Signum Capital
• Andre Cronje (Creator of Yearn Finance, Advisor)
• Stani Kulechov (Founder of AAVE)

Sonic Team

• Michael Kong – CEO
• Andre Cronje – CTO, DeFi Architect & Advisor
• Ahn Byung Ik – Founder
• David Richardson – Co-founder
• Bernhard Scholz – CRO

Staking & Validator Incentives

S token holders can stake their tokens to support network security and earn rewards. Depending on the total staked supply, annual reward rates range from 1.75% to 7%. A 14-day unbonding period applies for unstaking.

Validators also earn a share of network fees in addition to block rewards, further incentivizing honest and secure participation in network operations.

The Future of Sonic

Sonic is on a mission to build a sustainable, high-speed digital economy for the Web3 era. With comprehensive developer tools, built-in interoperability, and negligible transaction costs, Sonic positions itself not just as a blockchain—but as a full-fledged decentralized ecosystem.

Already integrated into sectors like NFTs, DeFi, gaming, and enterprise services, Sonic aims to expand globally through strategic partnerships, ecosystem funding, and community-driven development.

Official Links

• Official Website
• Whitepaper
• X (Twitter)
• Telegram

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