Weekly Project Update: Basic Applications and Kalshi Metals Perpetual Contract

This week's project update: Evolution of programmatic execution infrastructure

This week's project dynamics mainly focus on programmable execution infrastructure. Uniswap Labs has launched a Dynamic-Fee Hook for stablecoin trading pairs;Kalshi has launched a 24-hour precious metal perpetual contract with no expiration date;Bitwise has announced the clearing schedule of its dogcoin ETF; and other reports indicate that Base App is considering resuming the use of the Coinbase Wallet brand name. In a market that is increasingly dominated by automated agents rather than humans, the common thread of these events is that fee logic and settlement mechanisms have now moved to on-chain pegging protocols and round-the-clock order books rather than fixed traditional schedules.

Core Points

• Rumors of the Base App brand return: It is reported that Base App will restore the Coinbase Wallet name, but so far there has been no exact official announcement on a date to confirm it, and this statement remains to be verified.
• Kalshi launches all-weather precious metals contracts: Kalshi announced the launch of 24/7 non-expiration gold and silver perpetual contracts on September 10, 2026.
• Suggestions for action require caution: No actual action should be taken based on any of the above changes until the original documents have been reviewed to confirm specific time, scope, and user availability.

In-depth analysis of key projects this week

This summary covers the progress of four important projects. Two of them are based on first-party announcements with clear dates, one is based on media reports with clear ownership, and the other is still in the title statement stage, waiting for confirmation from the original source. Below will distinguish between the wording of the title provided and what the evidence actually supports.

1. Base App reportedly returns to the Coinbase Wallet brand

title claims that Base App is returning to the Coinbase Wallet brand, but no information on the source, date or scope of the change is provided in this brief. According to unconfirmed reports, the return involves only the brand identity of the consumer app, not the Base network itself, a critical distinction. Whether it is a name regression, feature rollback, or broader product decisions, it cannot be established without an official Coinbase announcement with a date. Readers should not assume that the reported application changes mean any modification to the Base blockchain or its infrastructure on the chain. This development should be treated as unverified information until the original document appears.

2. Kalshi launches 24/7 gold and silver perpetual contracts

Kalshi announced the launch of gold and silver perpetual contracts on September 10, 2026, saying they are traded around the clock and have no expiration date. Kalshi also claims that these contracts are fully regulated by the Commodity Futures Trading Commission (CFTC) and are the first of their kind in the United States. However, there are currently no regulatory filings or approval documents available for independent confirmation of this claim. The company has not yet released contract specifications, margin or leverage schedules and settlement mechanisms in this evidence. Without directly reviewing Kalshi's product terms, the word "perpetual" used in the title should not be equated with any particular cryptocurrency derivative funding structure.

3. Uniswap StablePair hooking mechanism launched

Uniswap Labs launched its StablePair Hook on September 10, 2026. This is a dynamic fee hooking mechanism for Uniswap v4. When launched, it includes two liquidity pools on the Ethereum main network: USDC/USDG and USDC/USDT. The design is designed to optimize the routing of stablecoins to stablecoins, and Uniswap reported its full-agreement swap volume of US$43.4 billion in the second quarter, a corporate indicator that predates the pegging mechanism and is not unique to StablePair.

StablePair's price correction mechanism adopts a block-level Dutch auction model: the fee starts at a higher level and decreases with the execution of each block. Pool parameters and fee logic can be upgraded through Uniswap governance, eliminating the need to migrate liquidity pools, thereby maintaining the mechanism's variability as market conditions change. This release is in line with the broader "programmable liquidity" trend in the context of the all-time high supply of Ethereum stablecoins we have tracked, and is in sync with the wave of DeFi tools such as Aave v4.

For automated market participants, incremental fees are more machine-readable than fixed-rate levels: it transforms fee capture into a matter of time that execution algorithms and on-chain agents can optimize. It should be noted that this inference is an editorial analysis rather than evidence of adoption by artificial intelligence agents, and this brief does not establish the latter.

4. Bitwise announces clearing plan for dogcoin ETF

According to Decrypt reported on September 11, Bitwise announced plans to liquidate its dogcoin ETF (code BWOW). October 14, 2026 is expected to be the fund's last trading day on the NYSE Arca. Based on the net asset value as at October 21, 2026, the remaining shareholders are expected to receive cash distribution on October 22, 2026. This is a planned liquidation process, not a completed liquidation.

There were no sharp fluctuations in underlying assets around the announcement. The trading price of Dogecoin is $0.084847, with a 24-hour change of about 0.50%, and the market value is close to US$13.2 billion. This background does not establish any causal relationship with ETF decisions. In addition, data on September 12, 2026 showed that the overall market sentiment was optimistic, with the "Fear and Greed Index" reading of 63, which was in the "greedy" range. This indicator measures sentiment across the crypto market as a whole, rather than sentiment specific to BWOW or any single announcement here.

Things users need to confirm before taking action

None of these updates provide the operational details required by wallet holders or potential metals traders to guide action. Unresolved details, not the title, determine the actual impact.

Wallet access and feature changes

Regarding the reported return of Base App, there are the following specific issues: Does this change affect login and account access? Which supported features will move or disappear? Are any migrations or user actions required? Since there is no wallet migration guide or feature comparison in this briefing, these questions cannot be answered at this time. Don't assume functional continuity after the rebranding until Coinbase issues documentation for confirmation.

Contract Access, Terms and Risks

For Kalshi's metal perpetual contracts, please verify jurisdiction qualifications, exact transaction availability, settlement method and fee structure before participating. Similarly, since Kalshi's release notes did not specify leverage, fund payment or clearing mechanisms, these were not confirmed.

The simultaneous releases of Uniswap and Kalshi both push fee and settlement logic towards a continuous, mechanism-driven model, echoing the shift in protocol governance seen in recent updates to Balancer, Lido and Hyperliquid. Future dates worthy of attention are determined only for BWOW: the trading suspension on October 14 and the cash distribution on October 22. A more lasting signal for the AI-cryptocurrency stack is that the execution site from on-chain links to the 24/7 derivatives order book is tending to incorporate machine-oriented optimized, all-weather mechanisms, allowing automated strategies to continue pricing rather than relying on a human calendar.

Disclaimer : This article is for reference only and does not constitute financial or investment advice. There are significant risks in the cryptocurrency and digital asset markets. Be sure to conduct independent research before making a decision.