UPBIT is set to list Nillion (NIL) at 16:40 on Oct. 27 and will open trading against the Korean won, according to a newsflash published by ChainCatcher. The exchange also reminded users to make sure they use the Ethereum network for NIL deposits and withdrawals. No other trading details were provided in the brief update. The notice focuses on the listing time, the KRW market support, and the network requirement for transfers.
Nillion (NIL) is scheduled to unlock about 16.15 million tokens at 0:00 Beijing time on Oct. 24, according to token unlock data from Web3 asset data platform RootData. The unlocked amount is valued at about $1.34 million based on the data cited in the update. The item was published by ChainCatcher as a 7x24 news flash and contains no additional details beyond the scheduled unlock time, token amount, and estimated value. The report identifies RootData as the source of the token unlock figures and names Nillion’s ticker as NIL. No image was provided with the source entry.
Nillion said on Oct. 15 that it will gradually shut down the Nillion L2 over the coming weeks, clarifying that the project is now operating on the Ethereum mainnet. Users who still hold NIL on the L2 are required to move their tokens to Ethereum Layer 1 before the shutdown takes effect. The team also provided a bridge link for the migration process. According to Nillion, the clarification was issued after an earlier post caused concern among some users. The project said the change is only a maintenance operation and does not represent anything beyond that. The notice focuses on the migration requirement, the timeline over the next few weeks, and the project’s statement that operations are now centered on Ethereum mainnet.
A PANews-translated article argues that renewed interest in on-chain privacy goes well beyond a niche cypherpunk theme. In a market where public ledgers expose wallet balances, trading habits, venue preferences and even activity patterns, the piece says privacy tools that only hide value transfer fail to protect the parts traders care about most: intent, trigger conditions, timing and execution parameters. The article reviews existing approaches across dark pool trading and spot execution. It cites Renegade, which uses MPC for matching and zero-knowledge proofs for on-chain verification, Aster’s hidden orders and hidden positions, private RPC systems such as Flashbots Protect and MEV Blocker, and Shutter’s threshold-encrypted mempool. In the author’s view, each tool helps at one stage of the trading lifecycle, but none provides a general privacy layer for programmable strategies. The report then focuses on Nillion’s proposed primitive, Covenants, described as sealed "if-this-then-that" instructions that remain hidden until preset conditions are met. It says the first implementation under the project’s "Dusk" phase is planned for Ethereum mainnet, with later stages extending to multiple chains, external data sources and more complex private logic. The article also points to use cases including sealed-bid auctions, protocol safeguards, private conditional orders and cross-chain triggers, while presenting Covenants as part of a broader push toward what it calls "encrypted markets."
Nillion, a decentralized privacy computing network, said its Layer 2 network will soon stop operating and urged users holding NIL or ETH on that network to move their assets as soon as possible. According to the project’s official notice, the transfer should be completed through Nillion’s official bridge, with funds moved back to the Ethereum mainnet. The announcement focused on user action rather than operational details and did not specify an exact shutdown date in the text provided. For users with balances still on the L2, the main takeaway is straightforward: assets need to be bridged out before the network goes offline. The notice specifically mentioned NIL and ETH and directed holders to use the official migration route rather than leaving assets on the retiring network.
ChainFeeds’ Oct. 15 research roundup centered on three themes: NEAR’s product direction and post-quantum rollout, the emerging ecosystem around Uniswap v4 Hooks, and whether Pump.fun’s token valuation still lags its revenue and buyback profile. In comments cited by the newsletter, NEAR co-founder Illia said the network’s broader aim is to connect Web3 with traditional markets through NEAR Intents, which he described as a universal aggregator for user intents. He also said NEAR had already moved a post-quantum scheme to mainnet, adding the first Dilithium, or ML-DSA, curve in July and allowing users to upgrade accounts inside Meteor Wallet without moving assets. The roundup also reviewed a long thread on on-chain privacy beyond privacy coins, highlighting Nillion’s Covenants framework for encrypted conditional execution, and a separate market piece on Hook-based projects including Hookr, StonkBrokers, and What The Hook on Robinhood Chain. In the final section, the report compared Pump.fun with Hyperliquid using DefiLlama revenue figures, examined PUMP buybacks and token burns, and looked at post-unlock token flows tracked by Four Pillars and on-chain watcher Ember. The article argued that Pump.fun’s income base remains strong, while future multiple expansion would depend on whether the app can bring in more trading demand and convert product changes into user growth.
Nillion, a decentralized privacy computing network, said on X that Dusk, the first phase of its "Encrypted Markets" roadmap, is scheduled to be deployed on the Ethereum mainnet in the first week of October. The rollout is set to introduce conditional trigger events, permissionless nodes, and developer tools. Nillion also said the first application built on Covenants has already launched on testnet. Beyond Dusk, the roadmap lists six additional phases: Darkfall, which expands to more EVM chains; Skyglow for cross-chain execution; Nightside for user-defined conditions; Neon for a dedicated language and virtual machine; Aurora for post-quantum hardening; and Moonshine, which is aimed at lowering costs and improving scalability. The update outlines the sequence of product development without giving extra deployment dates for the later stages.
Nillion, a privacy-focused decentralized network, has launched Dusk, a cryptocurrency market feature that hides Ethereum transaction details worth $50,000 until trigger conditions are met. The feature uses encryption to reduce on-chain visibility risk, targeting large-scale Ethereum transactions.
