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Alex Witt, founding partner of the venture capital firm focused on stablecoin infrastructure, Verda Ventures, announced that he and partner Amit will join Tether, the world's largest stablecoin issuer. Tether was previously one of the limited partners of Verda Ventures.With the two joining Tether, Verda Ventures, which has been operating for three years, will enter the investment recovery phase and cease investing in new companies to avoid potential conflicts of interest. The fund will continue to manage and support its existing 28 portfolio companies and selectively participate in follow-on financing.

AI wealth management platform Nevis announced the completion of a $70 million Series B financing round. This round was led by EQT Ventures, with new investors including Charles Schwab and QuantumLight (founded by Revolut founder Nik Storonsky), while existing investors such as Sequoia Capital, ICONIQ Capital, and Ribbit Capital also increased their investments.Nevis has raised a total of $110 million over the past two years. In the past 12 months, its revenue has grown more than 25 times, and the platform's asset scale has increased from $50 billion to over $70 billion. The company has partnered with more than 10 RIAs (Registered Investment Advisors) including Focus Financial Partners. The new funds will be used to expand the team and develop new products.

According to Bloomberg, the Commonwealth Bank of Australia may profit from Anthropic's initial public offering. The bank participated in Anthropic's Series E funding round in March 2025, with its holdings valued at 153 million Australian dollars, approximately 107.5 million US dollars, as of June 30, 2025.By the end of June 2026, as Anthropic's valuation rose to 965 billion US dollars, the bank's holdings had increased in value to 1.53 billion Australian dollars, approximately ten times higher than before. Bloomberg stated that this valuation increase is considered paper gains, and whether it can ultimately be realized through the IPO depends on the listing process and related transaction arrangements.

The Hurun Research Institute released the "2026 Hurun Rich List." This year, a total of 1,529 entrepreneurs with personal wealth exceeding 5 billion yuan made the list, an increase of 95 from last year, setting a new historical high. The total wealth of the listed entrepreneurs is 32 trillion yuan, a year-on-year increase of 7% (2.1 trillion yuan).Zhang Yiming, the founder of ByteDance, became China's richest person for the second time with 670 billion yuan, breaking the record for the wealth of China's richest person. Zhong Shanshan, the founder of Nongfu Spring, saw his wealth shrink by 120 billion yuan, falling to second place with 410 billion yuan. Liang Wenfeng, the founder of DeepSeek, made the list for the first time, entering the top ten with 280 billion yuan.

According to EU-Startups, the wealth management AI platform Nevis announced the completion of a €62 million (approximately $70 million) Series B funding round, led by EQT Ventures, with Charles Schwab and QuantumLight participating as new strategic investors, and existing investors such as Sequoia Capital, ICONIQ, and Ribbit Capital increasing their investments.Founded in 2024 and headquartered in London and New York, Nevis has raised a total of €98 million (approximately $110 million) after this funding round. The company claims that the assets managed by its clients exceed €625 billion (approximately $700 billion), and its AI agents have completed over 100,000 operational tasks.

According to official news from Bitget, the platform announced a collaboration with the structured product liquidity service provider VETA Finance to upgrade its stock dual-currency investment products. This upgrade expands the product pool on top of existing popular targets such as NVIDIA (rNVDA), Google (rGOOGL), and AMD (rAMD), enriching the investment duration options; relying on deeper liquidity support, it offers more competitive annualized returns while optimizing product structure and settlement mechanisms, bringing users a better trading experience and more diverse income opportunities.Currently, Bitget's stock dual-currency investment supports two strategies: "buy low" and "sell high." Users can use USDT or eligible U.S. stock tokens for subscription, and based on preset target prices and investment durations, complete corresponding asset conversions according to the settlement price at maturity and receive corresponding interest income.In addition, Bitget also plans to launch structured products such as accumulation purchase and accumulation sale options (AQ) with VETA Finance based on the rToken ecosystem, expanding the product layout from standardized wealth management to customized solutions, further enriching multi-asset wealth management options under the panoramic exchange (UEX) ecosystem.

Phoenix Technology cites a report from Business Insider, stating that Microsoft co-founder Bill Gates mentioned in the latest episode of the "Decoder" podcast that artificial intelligence will create "true abundance," but the next 20 years will be as turbulent as any period in human history, with unprecedented job losses and chaos, resulting in winners and losers.Gates indicated that jobs such as telemarketing, customer service, and accounting will disappear, as AI can perform these tasks more cheaply, quickly, and even more accurately; blue-collar jobs will be taken over by humanoid robots. If not significantly slowed down or stopped, robots capable of building houses, growing food, and performing surgeries will emerge, making human labor unnecessary for most goods and services. He believes that work provides a sense of purpose, income, a reason to attend, relationships with colleagues, and pathways for creativity and problem-solving, while activities such as art, sports, cooking, and parenting can be left to humans in the future.The report also mentions that Jeff Bezos and Jamie Dimon have proposed shortening the workweek; Elon Musk has predicted that the transition will be "bumpy" and advocates for the government to issue checks to everyone; Dalio Amodi stated that AI is expected to improve quality of life, but the scale of short-term impacts will be unprecedented; Sam Altman mentioned in May of this year that the number of white-collar jobs eliminated by AI is not as high as he expected. Despite concerns that AI will replace jobs and high-profile layoffs at companies like Amazon and Meta, the unemployment rate in the U.S. has not significantly risen during the AI boom.

According to a report by Forbes on Friday, the Internal Revenue Service (IRS) is preparing to reform its voluntary disclosure program, planning to reduce penalties and expedite the processing of tax violation cases, including those involving cryptocurrency.Jarod Koopman, head of the IRS Criminal Investigation Division, stated that the agency aims to launch the revised program before December and to close cases within 120 days after taxpayers complete the required submission process. He noted that the new plan will not establish a separate disclosure channel for digital assets but will apply the same voluntary disclosure procedures to other forms of tax noncompliance. Koopman also mentioned that the penalties under the revised program will be significantly lower than current levels, although he did not provide specific amounts. The IRS is considering allowing taxpayers to settle debts through installment payments or settlement offers.According to Forbes, the current program often takes a year or longer to complete and primarily targets taxpayers who intentionally fail to comply with tax laws and may face criminal prosecution, rather than those who make reporting errors due to negligence. Meanwhile, legislative efforts are advancing another voluntary disclosure program aimed at cryptocurrency taxpayers. Section 502 of the Digital Asset Taxation Certainty Act will establish a correction process with clear penalty standards for past violations, and the bill was passed by the House Ways and Means Committee in September.

According to the Science and Technology Innovation Board Daily, SK Hynix announced that its overseas subsidiary Solidigm had previously considered expanding capacity and enhancing competitiveness through various financing options. However, after considering factors such as the capital market environment, it has decided to stop advancing its Pre-IPO and initial public offering plans.Earlier reports indicated that Solidigm planned to conduct Pre-IPO financing amounting to 50 trillion Korean won. Solidigm is the flash memory business under SK Hynix.

Meta Platforms has signed an agreement with CEO Mark Zuckerberg, requiring him to continue residing in the jurisdiction where the company's headquarters is located for the next eight years. This move is in response to California's proposed wealth tax, which could result in a tax bill of billions of dollars for Zuckerberg.The agreement allows him to sell a portion of his Class C shares to provide liquidity to address the potential tax burden from California Proposition 40.

According to the New York Post, Brad Gerstner, founder and CEO of investment firm Altimeter Capital and promoter of the Trump account plan, stated that he is pushing to expand the scope of the plan from those under 18 to those under 40. Related legislation may advance in the coming months and seeks to make the funding support mechanism permanent.Gerstner expects that by the end of 2027, private donations received by the plan could total $100 billion, and Musk's commitment to donate SpaceX stock to American children is just "the tip of the iceberg." Bloomberg ETF analyst Eric Balchunas estimated while relaying the report that the expansion could additionally cover about 100 million people. Currently, the expansion remains a legislative proposal in progress and is not an enacted policy.

Coinbase self-custody wallet Coinbase Wallet has announced the launch of a loyalty program aimed at users who continuously engage in exchange transactions. Users can receive up to 50% of eligible exchange fees back in USDC each week. Trader levels are divided based on the eligible trading volume over the past 30 days: Explorer for under $5,000; Trencher for $5,000 and above, with a 15% rebate; Pro for $25,000 and above, with a 30% rebate; Legend for $100,000 and above, with a 40% rebate; VIP for $500,000 and above, with a 50% rebate.Rebates are calculated based on the actual exchange fees retained by Coinbase Wallet after discounts, excluding network fees and gas fees. Levels are updated daily, and higher rebate rates apply immediately upon reaching a higher tier; if trading volume decreases, levels can drop by one tier at most per week. Each wallet's trading volume is calculated separately and is not combined across wallets. Eligible rebates accumulate automatically and are paid weekly in USDC, without the need to enter codes or manually claim.New users who register through a friend referral link can receive a first exchange reward of up to $35 USDC on eligible exchanges and enjoy a 10% discount on eligible exchange fees, with related transactions counting towards level progress. Loyalty rebates are calculated after fee discounts. Users who share referral links can earn 25% of the net fees collected by Coinbase Wallet from their friends' eligible exchanges, paid in USDC. VIP users can also directly contact the product team, get early insights into upcoming features, and receive invitations to exclusive events. The program has regional and eligibility restrictions, and terms may be adjusted or terminated.

According to The Defiant, the Telegram crypto application Walt (formerly Wallet in Telegram) announced the launch of AI agent trading features on October 20. Users can connect to Mira developed by The Open Platform, OpenAI's ChatGPT, and Anthropic's Claude to manage perpetual contract positions. The connected agents can access real-time perpetual contract prices and market news, view user holdings, leverage, and liquidation risks, and open or close long and short positions based on instructions. They can also set simple rules such as take profit, stop loss, and dollar-cost averaging, monitoring positions around the clock.In terms of security mechanisms, AI agents can only operate funds deposited in dedicated trading accounts and cannot withdraw or transfer funds. Order execution is turned off by default; agents can only analyze and suggest, and users must manually enable it to place actual orders. Users can set their own agent instructions and trading limits, view each step of their operations in real-time, and disconnect at any time. Walt's founder and CEO Andrew Rogozov stated that traditional trading applications are built around terminals, charts, and order tickets, requiring users to learn how to use them, while Telegram users already hold funds in Walt.Walt's perpetual contract business launched in April this year through the decentralized exchange Lighter, offering over 50 markets and supporting up to 50x leverage, settled in USDT. The application was renamed from Wallet in Telegram to Walt on September 28, with developers claiming over 150 million users. Mira launched in February, surpassing 2 million users in May, with over 500,000 monthly active users. Additionally, Robinhood also released an AI trading agent based on dedicated accounts last month.

According to on-chain analysis platform Glassnode, the leverage level in the altcoin market remains high. Since the leverage rate peaked earlier this month, the prices of related cryptocurrencies have experienced a pullback, but over 40% of large-cap altcoins still have leverage rates close to the highest levels of the year.The proportion of mid-cap altcoins in a high-leverage state has risen to a year-to-date high. Glassnode points out that if prices continue to decline, a large number of long positions in the market may face the risk of being liquidated.

According to The Block, the newly established cryptocurrency entity Revolut Global Digital Assets Limited under digital bank Revolut has obtained a Distributed Ledger Technology (DLT) license issued by Gibraltar.Revolut stated that this approval will assist in the expansion of its international cryptocurrency business. The company currently has over 80 million retail customers, of which 16 million are cryptocurrency users.

According to token unlocking data from the crypto asset data platform RootData, AltLayer (ALT) will unlock approximately 24.659 million tokens at 8:00 AM Beijing time on October 26, with a value of about 2.13 million USD.

Cryptocurrency trader Ansem shared his recent investment views, stating that the crypto market is gradually shifting towards a phase that places greater emphasis on the fundamentals of individual projects, capital inflows, and actual business performance. Therefore, identifying mispriced assets and determining which teams are truly driving project development will become increasingly important, rather than relying entirely on the trends of mainstream assets like Bitcoin and Ethereum.Ansem believes that the investment approach for altcoins in this cycle is different from previous ones. Assets like HYPE and ZEC have shown independent trends from Bitcoin and Ethereum even during periods of overall market weakness.

According to on-chain analyst Ai Yi's monitoring, a certain whale withdrew 2.455 million ONDO from Binance 12 hours ago, worth 1.144 million USD. Currently, this address still holds three major altcoins worth 9.218 million USD: UNI 1.014 million, worth 8.91 million USD, with an average withdrawal price of 8.79 USD, currently at a floating loss of 1.551 million USD; ONDO 2.455 million, with an average withdrawal price of 0.4662 USD; LTC 12,400, worth 841,000 USD, with an average withdrawal price of 67.86 USD, currently at a floating loss of 101,000 USD. This address is suspected to have cleared out BNB 6 days ago, with an expected loss of 73,000 USD.

Documents disclosed by the U.S. Securities and Exchange Commission (SEC) indicate that the investment advisory firm Unique Wealth has submitted a 13F-HR report to the SEC, showing that it holds approximately $10.4 million in Bitcoin-related positions.The 13F-HR is a quarterly holdings report submitted by institutional investment managers to the SEC, used solely to disclose securities holdings that meet the reporting threshold, excluding directly held crypto assets. Therefore, the aforementioned positions typically represent Bitcoin exposure in the form of securities such as spot Bitcoin ETFs.