Samsung has added USDC transfer functionality to Samsung Wallet, allowing U.S.-based Galaxy users to send stablecoins directly to bank accounts in more than 60 countries. Solana and Sui Network will serve as the blockchain infrastructure partners for the rollout.

Taiko said its Proposal #39 has cleared the community veto window and has now been fully executed on both Ethereum L1 and Taiko L2. The upgrade centers on bridge improvements. Following the rollout, Taiko's ERC20Vault adds support for Permit and Permit2, allowing users to bridge tokens without sending a separate Approve transaction. Taiko also raised the gas limit for Ether payments on the bridge to prepare for changes expected under EIP8037. In addition, Taiko deployed the new BridgedERC20V2 template on both L1 and L2. The team said end-to-end testing has been completed across ETH, ERC20, ERC721 and ERC1155 assets, including two-way bridging scenarios. (Source: BlockBeats)

BitMine Immersion Technologies is approaching a self-imposed limit on its Ethereum accumulation strategy, according to Chairman Tom Lee. Speaking at TOKEN2049 in Singapore, Lee said the company plans to stop buying ETH once its holdings reach 5% of Ethereum's total supply, a threshold that would cap the approach that has made BitMine the largest known corporate holder of the token. "We only need to get another 100,000 ETH to get to 5%," Lee said. Company disclosures suggest the gap is slightly smaller than that rounded figure. As of Oct. 4, BitMine reported holdings of 6,016,414 ETH, representing about 4.9% of the 122.1 million ETH supply cited in its latest filing. On that basis, the company would need roughly 88,586 additional ETH to reach 5%. At an illustrative ETH price of $2,500, that remaining amount would cost about $221 million. BitMine reported $643 million in cash and marketable securities, indicating it has the disclosed liquidity to fund that purchase while retaining most of its cash position. Based on BitMine's most recent disclosed buying pace, the 5% cap could be reached within weeks. The company added 15,112 ETH in the week ending Oct. 4. At that rate, it would take about 5.9 weeks to accumulate the remaining 88,586 ETH, putting the threshold around mid-November. A faster or slower pace would shift the timeline. Purchases of 20,000 ETH per week would close the gap in roughly 4.4 weeks, while 10,000 ETH per week would take about 8.9 weeks, moving the milestone into early December. These scenarios are estimates, not company guidance. BitMine has not committed to a fixed weekly schedule, and changes in Ethereum's total supply would also alter the amount of ETH needed to represent a 5% stake. There are also indications BitMine may have already added to its position beyond the Oct. 4 disclosure. On Oct. 7, blockchain analytics firm Lookonchain reported the company appeared to acquire another 12,500 ETH, valued at $33.65 million, via BitGo. BitMine has not published an official holdings update reflecting that transaction, so it is not included in the projections above. If confirmed, the remaining gap would fall to about 76,086 ETH, potentially bringing the cap closer than suggested by the latest reported balance. As the ceiling nears, BitMine's Ethereum strategy is expected to tilt from market purchases toward staking. The company said it had about 5.07 million ETH staked as of Oct. 4, about 84% of its holdings, and estimated that position could generate roughly $363 million in annualized revenue. BitMine also projects that staking its entire ETH balance could lift annualized revenue to about $431 million, based on a 2.63% annualized yield. Staking income becomes more central once buying is constrained, but it also complicates adherence to a hard 5% cap. Staking rewards continuously add ETH to BitMine's balance sheet, meaning the company could exceed the threshold even without additional open-market purchases. How BitMine will manage that risk has not been specified. Options could include leaving less capacity for purchases, adjusting how staking rewards are handled, or selling some ETH if needed to remain below the limit. The target itself can also shift with Ethereum's total supply. A contraction would reduce the number of ETH corresponding to a 5% stake, while supply growth would expand it. With the accumulation phase potentially nearing its end, BitMine may face a new treasury management challenge: managing the ETH generated by its existing holdings rather than continuing to build the position through ongoing purchases.

BitMine will stop purchasing ether once its holdings reach 5% of ETH's circulating supply, according to comments from Tom Lee at the Token2049 conference in Singapore on Oct. 8, as reported by Hu 火星 Finance. Lee said the cap is firm: BitMine will not accumulate beyond 5% and does not intend to own more than 5% of Ethereum. He added the company needs to buy roughly another 100,000 ETH to reach that limit. Based on BitMine's latest disclosure tied to its most recent purchase on Monday, Oct. 4, the company holds about 6,016,414 ETH. That equates to roughly 4.9% of the circulating supply, estimated at about 122.1 million ETH, implying a remaining gap of around 90,000 to 100,000 ETH to hit the 5% threshold. At last week's buying pace, Lee said reaching the cap would take about another six to seven weeks. Lee also said that once purchases end, BitMine would no longer need to raise capital to acquire ETH, which could leave shareholders better positioned if ETH prices continue to climb.

PANews, Oct. 8 — A new discussion on the Compound community forum (comp.xyz) calls for shifting custody of the Environmental Protection and Continuation Fund (EPCF) rather than winding it down. The idea surfaced after Proposal 613 was canceled by the Proposal Guardian on Oct. 7. Forum user ugurmersin suggested transferring control of EPCF assets from the Compound Foundation's single-controller Safe to a community-managed multisig requiring 5-of-9 signatures. The assets cited include 500,000 USDC and 4,583,400 USDC supplied to cUSDCv3, as well as 355.95 ETH in mainnet Chainlink SVR revenue.

WATCH — At OKX Now, OKX unveiled a tokenized stock trading venue developed with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. The event also featured on-stage appearances by Star OKX and Ethereum co-founder Vitalik Buterin, as OKX Money makes its debut in more than 30 countries.

Cardano has hit a notable operating cashflow milestone. Monthly on-chain revenue climbed 24.39% to $72,910, according to data from Chainspect, pushing the network above the $70,000 mark. The increase points to fees being generated from greater smart contract activity on the network.

Sui Network (@SuiNetwork) has detailed a phased rollout for Hashi, its proprietary Bitcoin finance layer, which is scheduled to go live later this month. The project says it is backed by more than $500 million in investment and will launch with Anchorage Digital (@AnchorageDigital) as a partner. Hashi is designed to enable Bitcoin holders to lend, borrow, and access structured credit on Sui using $hBTC, while keeping native $BTC secured on the Bitcoin network. Through the Anchorage Digital integration, institutions will have two regulated, compliant avenues to participate: triparty qualified custody settlement and stablecoin liquidity.

Morgan Stanley's crypto exchange-traded products (ETPs) reached $1 billion in assets within six months, according to Amy Oldenburg, who spoke at TOKEN2049. Cointelegraph reported the remarks.