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- 15:14Merlin Chain: BTCFi revenue continues to grow steadily, 50% of the earnings will be continuously used for MERL buybacksChainCatcher news, Merlin Chain has posted on its official Twitter, stating that its BTCFi ecosystem continues to generate stable and sustainable revenue across multiple chains, with income sources covering staking, liquidity, and yield protocols. According to the official plan, more than 50% of the revenue will be used for ongoing buybacks of the $MERL token. The related buyback mechanism is already being implemented and will continue in the long term. The official statement emphasized that Merlin Chain's efforts in BTCFi are not only about ecosystem expansion, but also about returning the actual value of ecosystem growth to the community.
- 15:14Philippines plans to launch a blockchain-based budgeting system, legal experts warn of risksChainCatcher news, the Philippine Senate is currently reviewing Bill No. 1330, which was introduced by Senator Paolo Benigno “Bam” Aquino IV at the end of August. The bill plans to allocate approximately $8.6 million to record the national budget on-chain, aiming to enhance transparency in government spending and curb corruption. This move comes amid strong public concern over alleged irregularities in infrastructure projects worth about $9.2 billion. However, several legal experts have expressed concerns. Former Philippine Solicitor General Florin Hilbay warned that simply using blockchain technology does not automatically promote transparency or prevent corruption, and may instead reduce it to a “marketing tool.” Technology law expert Russell Geronimo pointed out that the problem does not lie in the lack of an immutable ledger, but rather in weak procurement oversight, auditing, and whistleblower protection mechanisms. The Philippine Fintech Lawyers Association also cautioned that private entities controlling blockchain infrastructure could in effect privatize public data. They suggested that the government should retain ownership and control of budget data and adopt open-source protocols to prevent vendor lock-in and monopolies.
- 15:01Whale address 0xc2a3 continues to increase its long positions in Bitcoin and Ethereum, bringing its total holdings to $158 million.Jinse Finance reported, according to monitoring by Lookonchain, that the whale address 0xc2a3 continues to increase its long positions in Bitcoin (BTC) and Ethereum (ETH), bringing its total holdings to $158 million. Current holdings details: - 19,894 Ethereum ($ETH), valued at $80.3 million - 699 Bitcoin ($BTC), valued at $77.6 million