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The criminal case involving Aiden Pleterski, who claims to be the "King of Crypto" in Canada, related to a Ponzi scheme involving digital assets, will be submitted to the jury for deliberation after closing arguments this week. Presiding Judge Shaun Nakatsuru has given the jury final instructions, and the jury is set to begin deliberations on Thursday. Pleterski is accused of defrauding approximately $30 million from fans on social media between 2021 and 2022, and was charged with fraud in 2024, subsequently awaiting trial for over two years.In his closing arguments, Pleterski declared his innocence. He stated, "I am not guilty of these charges, which is why I am not pleading guilty. This would have been proven if I had not been forced to represent myself. That's all I have to say." Due to his choice to represent himself, he is acting on his own behalf in court. If convicted of fraud, he faces a maximum sentence of 14 years in prison.In another criminal case, five men are charged with kidnapping and torturing Pleterski in 2022, some of whom are reportedly victims of his scheme. Defendant Deren Akyeam-Pong has pleaded guilty to nine charges and is awaiting sentencing. Pleterski is one of several figures in the crypto industry facing fraud charges; former FTX CEO Sam Bankman-Fried was convicted in 2023 and is serving a 25-year sentence in the United States.

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.

Circle submitted comments to the U.S. Securities and Exchange Commission regarding its proposed regulatory framework for cryptocurrency assets. Circle supports the proposal's goal of fostering innovation under clear rules while maintaining the advantages of U.S. capital markets, including transparency, investor protection, market integrity, liquidity, and efficiency.Circle also suggested that the cryptocurrency asset regulatory framework should align with the GENIUS Act. Given that payment stablecoins are increasingly becoming important considerations and settlement assets for on-chain capital formation, Circle requests that the U.S. Securities and Exchange Commission (SEC) clarify how payment stablecoins that comply with the provisions of the GENIUS Act can be used for these purposes.The letter further requests that the Commission clarify that eligible payment stablecoins constitute "cash" under proposed Rule 302(b), should receive appropriate U.S. dollar valuation treatment, and comply with the corresponding accounting and customer reserve treatment conditions.Circle also recommends that, provided objective safeguards are in place, the current 2% broker discount for payment stablecoins that comply with GENIUS be reduced to zero. Finally, Circle requests that the SEC clarify that technical services provided after the network goes live (including maintaining a known set of validating nodes) do not constitute necessary management work. Establishing safe harbor rules for the technical roadmap would allow issuers to continue maintaining and improving the operational network without inadvertently restarting the related analysis.

According to the official product page of VanEck, the VanEck Wealth Builder ETF (ticker: WBMO) was established on October 26, integrating exposure to stocks, bonds, gold, and Bitcoin into a single actively managed exchange-traded fund, seeking long-term capital appreciation and current income.The fund combines core equity and fixed income allocations, with moderate allocations to physical assets and digital assets, while covering long-term themes such as semiconductors, quantum computing, natural resources, and infrastructure. Its total expense ratio is 0.33%, and the net expense ratio is 0.26%.

According to an update from Eleanor Terrett, host of Crypto in America, four more stock issuers have opposed OKXICE's tokenization of its shares based on the U.S. Securities and Exchange Commission (SEC) innovation exemption, namely IBM, Oracle, Intel, and quantum computing company IonQ. The total number of issuers publicly opposing has now increased to 26.It is understood that OKXICE is a joint venture funded by OKX and ICE, each holding 50% of the shares, operating its own business independently.

RBC Capital Markets released a research report stating that the demand for artificial intelligence continues to exceed supply, and the rise in high bandwidth memory (HBM) prices is expected to support the overall average selling price of DRAM. Memory chip manufacturer SK Hynix will continue to benefit from the memory chip upcycle. The report indicates that HBM prices could rise by 80% to 100% by 2027. RBC believes that the DRAM upcycle, which has already lasted for 14 quarters, will continue for another five quarters, with supply tightness expected to persist until 2027.RBC expects SK Hynix's third-quarter performance to slightly exceed market consensus, with revenue projected to reach 101.2 trillion Korean won and adjusted earnings per American Depositary Share to be 8,917 won (approximately $6.72). The DRAM contract price is expected to increase by 20% quarter-on-quarter in the third quarter, with a potential further increase of 15% in the fourth quarter. RBC reiterated its "Outperform" rating with a target price of $200, about 40% higher than the latest closing price. In the U.S. stock market, SK Hynix's stock price surged over 4% on Monday, closing at $142.62.Nomura Securities recently stated that the shortage of memory chips will continue until 2028, maintaining "Buy" ratings for Samsung Electronics and SK Hynix, with target prices of 670,000 won and 4.7 million won, respectively. KB Securities in Korea stated on Monday that the price-to-earnings ratios of both companies have dropped to about 3 times. This Wednesday, SK Hynix will release its third-quarter financial report, and according to a FnGuide survey, analysts expect revenue of 98.2 trillion won and operating profit of 77 trillion won. According to media reports, the company is considering distributing a special dividend of about 16 trillion won.

Anthropic has officially submitted its IPO application. According to its S-1 cash flow statement disclosed in the prospectus, the company has raised approximately $140 billion in cash through preferred stock, convertible bonds, and SAFE agreements from 2023 to the first half of 2026, of which $110 billion was raised in the first half of 2026, including $65.2 billion in Series H financing.As of June 30, 2026, Anthropic's remaining cash includes $112.4 billion in cash and cash equivalents and $19.3 billion in short-term investments, totaling approximately $132 billion, along with an additional $2.5 billion in restricted cash. Other financing channels include a $15 billion undrawn revolving credit facility expanded in September 2026, and up to $77 billion in partner note financing, of which $20 billion from Google, $15 billion from Amazon linked to computing milestones, and $42 billion from Broadcom solely for lease payments, with IPO proceeds to be added on top of this.Accordingly, Anthropic's cash holdings are higher than those of tech giants like Amazon, Meta, and Microsoft, second only to Google's parent company Alphabet's $242 billion. Its projected expenditure report also shows that starting from December 2026, it has committed approximately $37 billion annually for computing power solely to SpaceXAI, with total computing power commitments estimated at around $780 billion to $810 billion.

According to Bloomberg, Hong Kong cryptocurrency payment card company Redotpay is preparing to submit a confidential IPO application to the U.S. SEC by the end of the year, with a target valuation of at least $5 billion.The report indicates that the company is still negotiating pre-IPO financing with a valuation between $4 billion and $5 billion. Public information shows that the company currently has over 9 million customers and an annual revenue of over $180 million. Redotpay also raised $194 million in 2025, with supporters including the venture capital arms of Coinbase and Circle.

IBM (IBM.N) and NVIDIA (NVDA.O) will bind AI entity identity with runtime access control.

Anthropic publicly submitted its Nasdaq IPO application, with the stock code "ANT".Anthropic's revenue for the first half of the year was $16.3 billion. Anthropic may not be able to achieve or maintain profitability in the future.As of June 30, 2026, Anthropic reported a net loss of $80.7 billion for the six-month period. Goldman Sachs and Morgan Stanley are leading Anthropic's IPO.Anthropic disclosed that the company expects to pay Google up to approximately $11.45 billion before 2033 and to pay approximately $161.2 billion in rent under its leasing arrangements with Broadcom during the lease term (excluding interest).Anthropic stated that computing and infrastructure costs are expected to continue to increase in absolute terms and will become the company's largest operating expense in the foreseeable future. The company believes that its existing cash and cash equivalents are sufficient to meet operational funding and other needs for at least the next 12 months, but also warned that it may need to seek additional financing earlier than currently anticipated.In terms of safety, Anthropic mentioned that it has recently delayed the pre-training of its next-generation cutting-edge foundational model by more than a month to strengthen safety measures and prevent the leakage of model weights. The company also noted that as AI systems gradually automate AI research and development, associated risks will increase.

According to Fox Business Channel, Anthropic will release its S-1 filing for its initial public offering (IPO) at 9 AM Eastern Time (21:00 Beijing Time).The company expects its IPO size to be comparable to SpaceX's IPO, and it may even exceed the latter, with the IPO marketing activities set to begin as early as the week of November 9.

Market news reports that Meta Platforms (META.O) has submitted a mixed securities shelf registration statement, with specific details yet to be disclosed.

According to documents disclosed by the U.S. Securities and Exchange Commission (SEC), Cryptex Digital Market Cap ETF submitted its sixth pre-effective S-1 amendment on October 23, intending to list on NASDAQ under the trading code "BAGZ," with Cryptex Finance as the sponsor.The fund plans to directly hold a variety of crypto assets, constructing a portfolio based on the components and weights of the Cryptex Digital Market Cap Index, and rebalancing in accordance with the index. Assets listed in the document that may initially account for 5% or more of the fund's net asset value include BTC, ETH, XRP, HYPE, DOGE, SHIB, ADA, and CTX, with specific composition and weights subject to change over time. This submission is part of a registration application update and does not represent that the SEC has approved the product or that it has begun trading.

Samsung Electronics and SK Hynix plan to start mass production and delivery of 8-layer HBM4 in the second quarter of next year, supplying it to NVIDIA.According to informed sources, NVIDIA will equip the 8-layer HBM4 based on the scale of the Rubin Ultra NVL rack, and it is expected that the proportion of 8-layer HBM4 will significantly increase starting from the middle of next year.

UPBIT will launch Bubblemaps (BMT) on October 24 at 12:00 and support KRW trading. Users should note that only BMT deposits and withdrawals through the Solana network are supported.

According to Digital Asset, the Bank of Korea will require virtual asset transfer service providers to report monthly to the foreign exchange information system the end-of-month holdings of users who have conducted cross-border cryptocurrency asset transfers to overseas exchanges, personal wallets, etc., since July 19, 2024, starting from December 2. Even if there are no cross-border transactions in that month, reports must still be submitted.The report covers the number of coins held, the converted balance in Korean won, and the total amount of cross-border inflows and outflows for the month. Dormant accounts, delisted assets, and staked assets are also included in the scope and must be submitted by the 10th of the following month at 17:30. It has not yet been determined whether there will be a requirement to retrospectively submit records of cross-border transfer transactions conducted before the implementation of the reporting system.

The Securities and Exchange Commission of Thailand (SEC) stated to Cointelegraph that several asset management companies have consulted with them regarding the launch of cryptocurrency ETFs, but no asset management company has submitted an application for the establishment of a crypto ETF. The SEC did not disclose the names of the relevant companies.The Thai SEC also mentioned that it is still too early to determine whether the first batch of products can be approved by the end of 2026; the timeline depends on the preparedness of the applying institutions, the progress of regulatory review, and investor protection requirements. The new regulations for crypto ETFs in Thailand took effect last Friday, allowing asset management companies to establish and list spot Bitcoin and Ethereum ETFs locally.Previously, some companies provided Bitcoin exposure to Thai investors through products linked to overseas ETFs. ONE Asset Management became the first Thai asset management company approved for a Bitcoin ETF-linked fund in 2024, followed by MFC Asset Management, which launched a fund investing through BlackRock iShares Bitcoin Trust (IBIT).

According to Bloomberg, informed sources revealed that humanoid robot manufacturer Noetix Robotics has secretly submitted an initial public offering (IPO) application in Hong Kong, aiming to raise hundreds of millions of dollars.The company's official name is Songyan Power Beijing Technology Co., and it may go public as early as next year.

IBM's revenue for the third quarter of fiscal year 2026 was 17.1 billion dollars, a year-on-year increase of about 5%. The adjusted earnings per share were 2.95 dollars, both exceeding analysts' expectations. The company raised its full-year software revenue growth guidance to about 7%–8% and increased its full-year free cash flow growth guidance to over 1 billion dollars.Previously delayed software and mainframe deals, due to customer spending shifting towards data center infrastructure, have started to sign contracts. Free cash flow for the first nine months totaled 8 billion dollars, setting a historical record for the same period. IBM's stock price fell 4.95% in after-hours trading, closing at 239.02 dollars.