RWA Daily Intel · 2026-10-07

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1 Abstract L2 Chain, Backed by Pudgy Penguins, to Shut Down on Dec 15

Abstract, an Ethereum Layer 2 network supported by Pudgy Penguins, will cease operations on December 15. Users must bridge assets out before shutdown.

Sources: [1] The Block · Category: Project

2 Conduit Sues Tether Over $2.76M Frozen Funds

Conduit has sued Tether in U.S. federal court in New York, alleging unjustified freezing of $2.76 million for over a year and asserting Tether holds no legal claim to the funds.

Sources: [1] The Block · Category: Regulation

3 Winklevoss Files Zcash Spot ETF Application Under Ticker WINK

Winklevoss Asset Services filed a spot Zcash ETF application with the SEC, proposing ticker 'WINK', custody by Gemini, 0.25% fee—competing with Grayscale’s ZCSH ETF.

Sources: [1] The Block · Category: Project

4 DeFi Development Approves CHAD Preferred Stock Buyback Program

DeFi Development, a Solana Treasury subsidiary, approved an open-market buyback program for CHAD preferred shares when trading below their $10 par value.

Sources: [1] The Block · Category: Project

5 Brevan Howard to Adopt Ripple Prime for Multi-Asset Brokerage, Clearing & Financing

Brevan Howard will leverage Ripple Prime’s prime brokerage, clearing, and financing services—following its earlier investment in Ripple.

Sources: [1] The Block · Category: Platform

6 Polymarket Launches V2 Protocol with ERC-1155 Positions and pUSD Collateral

Polymarket launched its V2 protocol, replacing the legacy Gnosis architecture with a unified ERC-1155 position contract and using pUSD as collateral.

Sources: [1] The Block · Category: Platform

7 Fortitude Expands Zcash Mining with Up to $100M in Equipment Investment

Fortitude secured priority access to Bitmain’s next-gen Zcash miners and raised additional capital via DCG to scale its Zcash mining operations.

Sources: [1] The Block · Category: Project

8 Rep. Don Davis Proposes Ban on Federal Candidates Trading Election-Related Prediction Contracts

U.S. Representative Don Davis introduced legislation prohibiting federal candidates and their immediate family from trading prediction market contracts tied to their own elections.

Sources: [1] The Block · Category: Regulation

2026-10-07 · Content is generated by our pipeline with redaction and source backfill verification. Not investment advice.

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