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Coinbase announced that it will hold the first global trading competition, the Coinbase Champions Cup, from November 4 to 25, with a total prize pool of up to 2 million USD, and registration is now open.Participants also have the chance to win a trader seat at Coinbase's next offline event. This competition is provided by Coinbase Bermuda Ltd. and is only open to eligible users within designated jurisdictions, with a minimum trading volume requirement of 100 USDC.

On October 29, Sony Group announced the launch of the global Sony Onchain Entertainment Incubation Program, aimed at global creators and startups, supporting the development of entertainment-related products and services based on Sony's blockchain Soneium, and exploring new forms of interaction, community building, and value creation between creators and fans.Selected projects will receive support from Soneium's technological infrastructure, opportunities for collaboration with Sony Group companies, as well as support for business expansion, marketing, community operations, and financing. Sony stated that since 2024, the company has selected and supported 43 projects from around the world through the previous two rounds of incubation programs, and the new plan will further focus on on-chain entertainment, promoting projects from technical validation to commercial application.The application period is from October to December 2026, with project selection expected to continue until March 2027. Applicants must have launched or plan to launch on Soneium, and evaluation criteria include the originality of the entertainment experience, intellectual property applications, community building, business expansion capabilities, and market competition conditions, among others.

Federal Reserve Chairman Waller stated that the balance sheet working group recommends submitting to the Federal Open Market Committee in early next year's first quarter.

According to CoinDesk, XRP Ledger developers are testing a new feature that aims to allow the creation of blockchain accounts with an initial balance of zero, with existing accounts bearing the reserve required for new accounts, thereby lowering the financial threshold for payment applications and automated software to create wallets on a large scale. This proposal was submitted on October 15 in the form of a SponsoredAccountCreate transaction proposal.According to current XRP Ledger rules, each account must reserve at least 1 XRP as a reserve, meaning that creating 100,000 independent accounts would require locking up 100,000 XRP. The new proposal intends for sponsored accounts to bear this reserve requirement, and a broader fee sponsorship mechanism in the future could also allow applications to pay transaction fees on behalf of users, but the overall reserve requirement for the network will not be eliminated. This feature is expected to lower the usage threshold for scenarios such as embedded wallets, RLUSD stablecoin payments, and AI agent automated payments.However, the related code is still under review, and the sponsorship mechanism it relies on has not yet gone live on the mainnet. As of October 19, the mechanism has only received 11 votes out of the 35 required validator votes, still falling short of the 29 votes needed for approval.

The U.S. stock market's rare earth, lithium battery, and blockchain concept sectors have seen significant increases, becoming the focus of market attention. According to Gate stock market data, Critical Metals Company (CRML) surged by 27.83%, currently priced at $8.13; Enovix Corporation (ENVX) rose by 26.69%, currently priced at $3.37; Soluna Holdings, Inc. (SLNH) increased by 25.00%, currently priced at $0.65.Gate has established a trading service system covering the four core markets of U.S. stocks, Japanese stocks, Hong Kong stocks, and Korean stocks, supporting over 10,000 U.S. stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, and about 300 Japanese stocks, totaling coverage of more than 12,800 stocks and ETF assets globally.Gate allows users to participate in global stock trading using USDT in a one-stop manner and offers fractional share trading starting from a minimum of 0.01 shares along with corresponding stock dividend rights. The platform also supports cross-brokerage transfers for U.S. and Hong Kong stocks and accommodates corporate actions such as stock splits and consolidations, further optimizing the stock investment service experience.

On October 28, stablecoin payment infrastructure service provider WasabiCard announced that it will participate in the Dubai FinTech Summit 2026 from November 2 to 3, showcasing its compliant white-label card issuance solutions and global remittance services.According to the introduction, WasabiCard supports enterprises in customizing the issuance of virtual and physical cards, and facilitates cross-border payments in over 30 fiat currencies supported by stablecoin funds, with some channels enabling real-time or T+0 settlement. Currently, the platform has issued over 700,000 cards and has a cumulative transaction volume exceeding 1 billion USD.During the summit, WasabiCard will engage in communication and collaboration with financial institutions, fintech platforms, and corporate clients at the MultiBank Group Arena exhibition area, booth J2.

According to CoinDesk, U.S. Treasury Secretary Scott Bessent stated at the Ripple Swell conference that digital assets can help reinforce the global dominance of the U.S. dollar. Bessent noted that historically, the strength of the world's reserve currency came from military power, but it is increasingly shifting towards technological leadership. The U.S. will maintain its military umbrella, but the technological umbrella is becoming more important. He believes that the U.S. will win in the digital asset technology stack, which will continue to solidify the dollar's position.Bessent stated that over 90% of stablecoins are backed by the U.S. dollar, and issuers often hold U.S. Treasury bonds as reserves. As adoption grows, the demand for such assets may rise, becoming a new source of financing for the federal government. He believes that stablecoins will open up new global markets rather than merely replacing existing dollars. Regarding the failure of the Clarity Act, Bessent expressed disappointment, but noted that the Treasury can work with the SEC and CFTC to advance regulation through institutional action. He also mentioned that regulatory best practices and safeguards can prevent crypto companies from being de-banked.

SK Hynix stated that the company's stock price is undervalued. The structural imbalance in chip supply and demand will continue in the short term. The AI revenue and cash flow of major customers will improve, and the investment burden of major customers in AI will be alleviated.

A Reuters survey shows that high inflation in the global economy will persist until next year. Economists are concerned that rising energy costs and inflationary pressures caused by the Middle East conflict may be deeply entrenched.Since last year, global investment in the AI sector has exceeded $1 trillion. Most central banks have only raised interest rates a few times, and more central banks may take action to raise rates in the future.

Bank of America Global Research has included SpaceX (SPCX.O) in its list of preferred stocks in the U.S. market.

Balancer's official statement indicates that the team, while reviewing the DAO's own assets, also examined the historical asset positions of external users. They have currently identified over $500,000 in related assets and have notified the owners.Balancer pointed out that these assets mainly involve two types of situations that are easily overlooked by asset management dashboards: first, the buffered liquidity shares of Balancer v3 use an internal accounting mechanism within the Vault, which may not be displayed on blockchain explorers or platforms like DeBank; second, there may still be collectible partner rewards in the old v2 liquidity mining contracts, even if users have previously withdrawn their liquidity.

According to Goldman Sachs data, in the past two weeks, global technology stocks have experienced a net sell-off of approximately $20 billion, with the intensity of the sell-off reaching an extreme level of -3.3 standard deviations. The sell-off scale in the TMT sector is close to the $23 billion seen in July of this year. Meanwhile, the volatility spread between the Nasdaq 100 Index and the S&P 500 Index has risen to the 98th percentile of the past five years, indicating a significant increase in market demand for hedging against technology stocks.According to JPMorgan, the scale of debt financing for AI infrastructure has exceeded $500 billion this year, with the financing costs for large-scale cloud service providers rising by about 120 basis points compared to before. As Google, Microsoft, and Amazon release their earnings reports this week, the market will focus on whether AI capital expenditures can be converted into actual revenue, as well as the sustainability of financing for subsequent investment expansions.JPMorgan believes that the financing relationship between Nvidia and GPU operators may become a channel for credit risk transmission. If operator financing tightens, pressure may spread upstream along the supply chain. The bank maintains a constructive view on the fundamentals of the technology sector, believing that a buying window may appear in early November, but it is still necessary to observe signals such as further market position clearing, corporate earnings realization, and credit spread narrowing.

S&P Global (NYSE: SPGI) announced that it has completed the acquisition of the on-chain financial security standards provider OpenZeppelin. The transaction was first announced on September 17, and the financial terms were not disclosed, with no significant impact expected on S&P Global's financial performance.OpenZeppelin was founded in 2015 and has completed over 900 security service projects, identifying more than 10,000 vulnerabilities before product launches. Its open-source smart contract library, OpenZeppelin Contracts, supports a value transfer scale of over $38 trillion, covering various mainstream stablecoins and tokenized funds.This acquisition will expand S&P Global's risk assessment capabilities to the on-chain technology risk layer, with both parties planning to jointly develop a new generation of on-chain security assessments and benchmarks. After the acquisition, OpenZeppelin will continue to operate as an independent business unit under its original brand, with founder Demian Brener remaining as the head and reporting to S&P Global Ratings President Yann Le Pallec. OpenZeppelin Contracts will continue to be open-source, free, and publicly maintained.

According to the report by the Science and Technology Innovation Board Daily, citing the Daily Economic News, the latest data from OpenRouter shows that last week (from October 19 to 25), the total call volume of global AI large models was 188 trillion tokens, a month-on-month increase of 14.63%. The top five global call volumes last week were all Chinese AI large models, with DeepSeek V4.1-Flash-1017 ranking first, having a weekly call volume of 33.6 trillion tokens, a month-on-month increase of 801%.Among the models listed during the same period, the weekly call volume of Chinese AI large models was 93.54 trillion tokens, a month-on-month increase of 18.14%; the weekly call volume of American AI large models was 22.47 trillion tokens, a month-on-month increase of 29.44%. The weekly call volume of Chinese large models has exceeded that of the United States for twenty-six consecutive weeks, ranking first in the world.

According to BlockSec monitoring, a suspicious transaction by X100 Global on Ethereum resulted in a loss of approximately 4.75 million USD, with the related attack stemming from a vulnerability in the governance mechanism design: the attacker used a flash loan to borrow funds to purchase X tokens, allocated the tokens to two controlled contracts, and then deposited them into the Freezer, thereby controlling 2 out of 3 senator seats in the same transaction, and subsequently immediately passed and executed a malicious treasury proposal.Specifically, the attacker first created and provided liquidity to the X-USDT trading pool on PancakeSwap V3, then used the obtained majority governance seats to approve the exchange of 400,000 X tokens into that trading pool, setting the minimum output amount to 0, ultimately receiving only about 35.68 USDT. Subsequently, the attacker withdrew liquidity, sold part of the recovered X tokens through the existing Uniswap V3 X-USDT trading pool, and repaid the flash loan.

According to Catcher Predict's monitoring of on-chain data, there is a prediction of significant capital movement in the Polymarket market. A large whale invested $64,000 in the event "Power Balance: 2026 Midterm Elections" for the outcome "Republican Victory." Based on the current transaction price, the latest corresponding winning probability for this target is 8%.

CryptoQuant analyst Axel Adler Jr. stated that since September 22, Bitcoin has continued to show a net outflow from exchanges, with the current 30-day average net outflow being about 1,500 BTC per day, a significant decrease from approximately 3,000 BTC a week ago.However, this decline is mainly due to the large outflow data from September 22 exiting the 30-day statistical window, rather than any recent large-scale capital inflow back to exchanges.

Goldman Sachs Group data shows that, affected by the stock market sell-off, global hedge funds have experienced the broadest decline since the COVID-19 pandemic. All three major stock strategies fell more than 1% on the same day.As of Thursday's close, global fundamental long-short strategy funds fell by 1.4%, while funds focused on telecommunications, media, and technology sectors averaged a decline of 2.7%. Global systematic long-short strategy funds fell by 1.3%, and multi-strategy platforms fell by 1.9%.