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LinX HK, an AI recruitment technology brand targeting the Asian market, announced that it has completed a $4 million Pre-A round of financing, with institutional investors including Aipollo and Lingfeng Innovation Fund investing a total of $3 million, and individual investors contributing a total of $1 million. The funds will focus on the product and AI technology development of LinX HK's flagship product, Luminpath.Shuo Shan, co-founder of LinX HK, stated: "This round of financing provides LinX HK with support to further refine our product and technological capabilities. We hope to continue advancing the development of the AI job-seeking agent for Luminpath, helping users discover opportunities more efficiently, understand positions and companies, and face career choices with better preparation."According to reports, LinX HK is an AI recruitment technology brand aimed at the Asian market, with its flagship product being Luminpath. Luminpath is currently in the gray testing phase, providing AI-driven job-seeking support for users in scenarios such as job discovery, resume optimization, customized application materials, and application assistance within authorized scopes.

China Asset Management (Hong Kong) and Futu's licensed virtual asset trading platform Cheetah Trading announced the launch of a digital public fund approved by the Hong Kong Securities and Futures Commission, offering 24/7 secondary market trading services. Retail investors can buy and sell tokenized shares of China Asset Management's Hong Kong dollar and US dollar digital currency market funds year-round, with the first phase trading related Class F shares in Hong Kong dollars and US dollars.This service features real-time indicative net asset value (iNAV) display, price deviation alerts, and a 5-minute cooling-off period. 24/7 trading is only applicable to the secondary market, while subscriptions and redemptions in the primary market must still comply with the fund's sales documents and same-day net asset value calculation arrangements.

According to a report by CryptoSlate, the UK's Financial Conduct Authority (FCA) stated in its latest draft of regulatory guidelines that if a cryptocurrency trading application autonomously selects trading platforms and trading paths based on factors such as price, liquidity, trading costs, or execution speed through algorithms, it may be deemed to be engaging in regulated crypto asset trading arrangement activities and will need to obtain the appropriate license.

AI pharmaceutical company Pathos AI has completed a $237 million Series E financing round, with a post-money valuation of approximately $3 billion. This round was led by Bristol Myers Squibb, with participation from existing investors.Pathos AI plans to use the new funds to expand its Foundry platform, which assists drug development through thousands of AI agents, while advancing its four cancer treatment drugs that are in clinical stages.

On October 22, a16z announced the removal of "Crypto" from the name of its flagship blockchain fund, renaming it to a16z Frontier, and long-time general partner Ali Yahya is stepping down. The announcement stated that this move does not signify a withdrawal from investing in the cryptocurrency space, but rather aims to further broaden the investment scope.The fund has previously raised nearly $10 billion, including $4.5 billion in 2022 and $2.2 billion for Fund 5 this year, making it one of the largest institutional players in the industry. When raising Fund 5 this year, a16z stated that the industry is shifting from a price cycle to a usage cycle, focusing on the infrastructure of stablecoins, on-chain finance, prediction markets, and asset tokenization, rather than merely chasing market trends.Chris Dixon, founder and managing partner of a16z crypto, will remain in his position. Investments related to crypto assets and blockchain remain one of the core directions, but the overall label and strategic focus have been adjusted to cover a broader range of frontier technology fields.

Aethir today announced a significant adjustment to the ATH token economic mechanism. Starting from November 2026, the platform will extract a portion of the network fees daily to burn ATH, with the tokens permanently sent to a public burn address (0x000...dEaD), and the scale of the burn will fluctuate based on the actual network computing power usage.At the same time, the fixed platform fee will be replaced by a floating network fee, with the rate being read in real-time through TWAP based on market conditions; in a bear market, the rate will decrease, and the proportion of the burn will increase. The Cloud Host emission schedule will not be affected, and the fees will have a cap that will never exceed the value of the Host rewards. The burn Dashboard will launch simultaneously with the first burn, and this mechanism has been audited by CertiK.

The GENIUS Act will take effect on July 18, 2025, with a general applicability date of 18 months after enactment or 120 days after the primary federal payment stablecoin regulatory agency issues final implementation rules, whichever comes first. The U.S. Department of the Treasury anticipates the general effective date to be January 18, 2027, with some issuance and sales restrictions taking effect on July 18, 2028.The Office of the Comptroller of the Currency (OCC) published its main implementation proposal in February 2026, and the Federal Reserve proposed rules on September 24, 2026, concerning regulated issuers, reserves, capital, risk management, custody, and application procedures. The interim final rule effective September 30, 2026, has established forms and procedures for state regulatory system certification.Stablecoin issuers must assess approval, prudent regulation, reserve, and redemption requirements; distributors and intermediaries must analyze exchange, transfer, custody, and related financial service obligations. Businesses holding stablecoins must also review redemption channels, reserve arrangements, custody, freezing, and counterparty risks, and accepting stablecoin payments must distinguish between receiving payments for their own goods or services and transferring funds on behalf of others. Proposed issuers may choose paths approved by custodial deposit institutions, federally qualified issuers, or state qualified issuers; state qualified issuers with eligible and outstanding issuance not exceeding $10 billion may opt for state regulation. Payment stablecoin reserves must be at least one-to-one backed by outstanding tokens, and businesses must clarify cash flow, customer rights, compliance responsibilities, and product yield arrangements; relevant issuers may not pay interest or yields solely for holding, using, or retaining payment stablecoins.

OpenAI CEO Sam Altman introduced three proposals for the safe development of super AI to employees last week. The first is to establish a global regulatory organization similar to the International Atomic Energy Agency, to inspect advanced models and audit safety measures. Insiders say Altman leans towards this route.The second proposal emulates the European Organization for Nuclear Research, merging major AI laboratories into one organization or collaborating through a unified agency for joint development, rather than continuing to race against each other. The third and most extreme, which he referred to as the "Eliezer Plan": an AI company achieves recursive self-improvement first, and then uses overwhelming economic power to control computing power, making it impossible for other developers to catch up. Altman described this idea as "melting down all other companies' GPUs," while stating that this plan is very bad and is only meant to illustrate the extreme possibility.The idea of "melting down GPUs" comes from AI safety researcher Eliezer Yudkowsky. He proposed a thought experiment in 2021, suggesting that super AI could create self-replicating nanomachines to melt down global GPUs, stating that this is merely an extreme example to illustrate the intensity of intervention, not a proposal to be executed. OpenAI proposed the establishment of an "AI version of the International Atomic Energy Agency" in 2023, and Google DeepMind head Hassabis has also advocated for the creation of an "AI version of CERN." Currently, OpenAI, Google, and Anthropic plan to establish a joint safety standards organization by the end of this year or early next year, but there are disagreements over the responsibility for model safety testing. Altman hopes to set speed limits for AI development while stating that OpenAI cannot currently cede its competitive advantage to rivals.

Semiconductor analyst Jukan shares a commentary translated into English by him, authored by a salesperson from a local Chinese sell-side institution. The individual states: In mid to late September, hardware quickly transitioned into a downward wave, with China and South Korea adjusting first, experiencing deeper declines and longer durations, followed by Japan, Taiwan, and the semiconductor ETF SOXX weakening subsequently; there is significant divergence in the market regarding whether AI is entering a mid-cycle collapse, but there is less controversy about the industry still advancing.The individual summarizes the views of interviewed investors: High long-term interest rates in the U.S., capital expenditures beginning to rely on external financing and competing for funds in the market, multi-layered leverage accumulation, and tight funding are the main reasons for this round of decline, with companies like CoreWeave experiencing a noticeable deterioration in financing structure and cost burden. Model invocation prices are decreasing, but capital expenditures and supply chain costs are difficult to reduce quickly, making short-term investment returns hard to realize. ASML and TSMC's guidance this season is strong, but near-term pressures cannot be ruled out; the bullwhip effect and differences in value chain levels may cause volatility to be greater than expected.The individual also mentions that use cases beyond coding are emerging in scenarios such as SaaS and AI drug development, which may gradually alleviate investment return concerns and expand demand. His personal judgment: Before more evidence emerges, the current situation resembles a high-volatility phase rather than a collapse that has already begun; the decline may not yet be over, and hardware leadership may give way to applications. Even if control of both houses changes in the midterm elections, the impact may mainly be limited to constraints on certain data center projects, and the U.S. earnings season needs to verify the performance of large technology companies.

The analysis agency Sentora stated that approximately $1.63 billion in Ethereum lending platforms were liquidated in the past year, with 89% completed through atomic paths. Atomic liquidation relies on DEX liquidity. The thin liquidity pools and the existence of whitelist transfer restrictions on RWA collateral will drive more liquidations towards off-chain market makers, RFQ, and solver paths.Atomic paths refer to the completion of collateral liquidation and debt repayment within the same on-chain transaction. Common methods include flash loans, self-funding advances, or direct contract calls. In contrast, RWA is often difficult to clear instantly on DEX, and liquidations will increasingly be handled by compliant off-chain market makers through price inquiries and solvers taking over collateral before completing the liquidation.

Ledger CEO Pascal Gauthier responded to former Mt. Gox CEO Mark Karpelès' warning about the security risks of hardware implants, questioning his stance and stating that Ledger has always done its utmost to protect users.Pascal Gauthier stated that the relevant security work is extremely challenging, acknowledged Karpelès' concerns on the matter, but urged him to speak based on known facts and avoid speculation, while also sarcastically saying, "Come on, you're not some white knight, be realistic."Previously, Mark Karpelès accused Ledger of potentially avoiding over $90 million in losses if they had disclosed related issues more timely and effectively, rather than just publishing a discreet article on Ledger Academy. He also questioned why Ledger had not maintained sufficient vigilance regarding the mass production of advanced implant devices.

The co-founder of the decentralized perpetual contract platform Hyperliquid, Jeff Yan, stated in an interview with Bloomberg's "Odd Lots" podcast on October 15 that regulatory obligations should be imposed on financial service providers operating markets on the Hyperliquid blockchain, rather than on the blockchain network itself, to reduce the compliance burden for the platform entering the U.S. market.Yan likened this idea to internet infrastructure, believing that the blockchain, as the underlying liquidity and trading infrastructure, should not bear all the regulatory responsibilities of traditional trading platforms directly, but rather the service providers that actually operate the markets and hold relevant control should fulfill compliance obligations. He stated that Hyperliquid does not aim to replace traditional financial institutions on Wall Street, but hopes to provide them with underlying trading technology, similar to how Amazon Web Services provides computing infrastructure to businesses.Yan mentioned that the team is seriously advancing the development of Hyperliquid into an infrastructure covering various financial markets. Currently, Hyperliquid is still not open to U.S. users, but Kraken's parent company Payward has planned to offer derivative services to U.S. investors through a regulated trading platform, utilizing its technology.

CK Hutchison Holdings issued a statement regarding market rumors of "Li Ka-shing's death." The statement said that on that day, some media outlets reprinted false claims from mainland self-media stating that Hong Kong's "Ta Kung Pao" reported the death of CK Hutchison's senior advisor Li Ka-shing. "The Group hereby solemnly declares that 'this is absolutely untrue,'" and strongly condemns the self-media for fabricating false news.

Cathie Wood posted on the X platform that the ARK Venture Fund has launched on-chain through Securitize, with the fund's portfolio, liquidity, and minimum investment threshold remaining unchanged.She stated that based on ARK's research, tokenization has the potential to fundamentally change the way investors participate in private and public financial markets; the on-chain launch of the ARK Venture Fund is an extension of its mission to expand investor access to technology-driven innovation opportunities.

According to Decrypt, the controversial promoter Sahil Arora, who launched a series of celebrity meme coins in 2024, is back at it again. His latest issuance, the Floyd Money Mayweather token, has been launched on the Solana trading platform Fomo, and Mayweather's social media account once promoted it. The token's market cap peaked at $1 million, but then plummeted 96% within three hours on Wednesday. According to information from various social media accounts, before Mayweather's account deleted the promotional post, the deployer's wallet had only cashed out about $5,000 in profit, and the token subsequently surged to a market cap peak of $1 million.Arora told Decrypt that the entire scheme was carefully planned, and the narrative of Mayweather missing out on profits actually drove up the token price. Fomo integrates social media elements, allowing users to see who is buying and selling, making it easy to create viral spread. Arora claims to have made seven figures in profit on the Mayweather token through other wallets, but on-chain analysis firm Bubblemaps believes this is unrealistic: the largest associated wallet cluster made about $105,000 in profit, and the top 100 traders collectively made only $306,000 in profit.Arora stated that he will replicate all his operations from 2024 on Pump.fun on Fomo, but with better strategies to allow participants to profit as well. He claims to have close relationships with all collaborating celebrities, making it very easy to persuade them to participate.

The stablecoin infrastructure platform Interlace announced a joint initiative with multiple industry partners, including OSL, AllScale, Stable, Hetu, Cregis, WIDTH, KEM, and KTX, to launch the white paper titled Stablecoin Payment Infrastructure: From On-Chain Settlement to Real-World Payments. As stablecoins evolve from crypto-native financial instruments into global financial infrastructure, stablecoin payment activity is also growing rapidly. In Q1 2026, stablecoin transaction volume exceeded $28 trillion, while stablecoin B2B payments reached $226 billion in 2025, representing a 733% year-over-year increase. However, as stablecoin payments expand into real-world commercial use cases, the industry still lacks a systematic framework for defining the capabilities covered by stablecoin payment infrastructure and how on-chain assets can be connected with real-world commerce. The white paper will focus on this gap, covering key topics such as stablecoin payment infrastructure, end-to-end costs, compliance and risk management, and enterprise-scale adoption. Drawing on industry data, practical experience, and real-world cases, it will further explore the development path of stablecoin payment infrastructure. The full white paper is expected to be officially released within the next 1-2 months.

Coinbase released a technical discussion article on Bitcoin's Post-Quantum Readiness, stating that Bitcoin needs to proactively address the cryptographic risks posed by quantum computing in the future and recommends that the community begin relevant migration preparations as soon as possible.Coinbase believes that Bitcoin's quantum-resistant upgrade involves not only selecting new quantum-resistant signature algorithms but also considering factors such as block space limitations, full node validation capabilities, institutional custody needs, ordinary wallet compatibility, and solutions for handling funds that cannot be migrated. Bitcoin should consider introducing output structures that support quantum-resistant signatures and explore hybrid solutions, such as allowing the same funds to have both traditional ECDSA/Schnorr signatures and quantum-resistant signatures as authorization paths for a smooth transition.Additionally, Coinbase emphasizes that the quantum migration will take years, and the community should complete preparations before the threat of quantum computing truly emerges. For BTC funds that have not migrated for a long time, lost private keys, or exposed public keys, Coinbase believes that solutions should still be sought through governance and technical discussions.

According to K33 Research, the U.S. government transferred approximately 17,733 BTC to Coinbase Prime this week, including 12,267 BTC related to the Bitfinex hacking incident. After the transfer, the government's marked holdings decreased from 324,527 BTC to 306,795 BTC. If we include unmarked suspected government wallets, the total amount of BTC transferred to Coinbase Prime is about 21,500 BTC.Analysis suggests that this transfer is likely a custody operation rather than a sale—Coinbase Prime has been the custodian for the U.S. Marshals Service since 2024. The cryptocurrencies related to Bitfinex are still in the claims process, and the Department of Justice has requested that victims be compensated in BTC; the ban on the strategic Bitcoin reserve only covers cryptocurrencies that have been fully confiscated. Additionally, about 1,200 BTC from FTX and HashFlare were transferred simultaneously, which may be paid to victims in cash through compensation channels.It is noteworthy that approximately 15,000 BTC related to Bitfinex claims were transferred within two days, which may indicate that the distribution plan or related rulings are progressing.