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According to The Block, the decentralized trading protocol Curve Finance has launched StableSwap on the Stellar mainnet, marking its first native deployment outside the EVM ecosystem.Users can now create liquidity pools, exchange assets, and provide liquidity on Stellar without permission.

Analyst Darkfost pointed out that the price of Bitcoin has risen above the cost line of Strategy 2026, but the buying operations since 2025 are still at a loss. Strategy currently holds 848,517 Bitcoins, with an overall average cost of about $75,446. Bitcoin today has reached the cost line of Strategy 2026 at $78,900.If all purchases since 2025 are considered, along with the sales near this summer's low point, the comprehensive cost is still about $90,600, and the current price is still in a state of unrealized loss. After a pause of several weeks, Strategy has resumed buying, with no new additions last week. The company's 1-year return rate is about 27.6%, and the 10-year return rate is about 60.3%.

The Solana ecosystem meme coin free mika (MIKA) dropped on October 28. Its genesis address transferred approximately 500.44 million tokens to another wallet, accounting for about half of the initial supply; about 7 seconds later, that wallet sold approximately 500.83 million MIKA on PumpSwap, with the selling price temporarily dropping about 99% compared to before the sale.There are claims that the wallet nonce prevented the key holder from transferring funds, but this transfer used a normal recent blockhash, and it is currently unclear whether this sale was due to an external attack or from existing holders.

CryptoQuant analyst Darkfost pointed out that short-term holders of Bitcoin (STH) have been in a profitable state on average for nearly two months, with an estimated cost basis of $76,500 and a current average profit margin of about 5.5%. Compared to less than a month ago when unrealized profits averaged as high as 20%, this level has significantly narrowed.The last time short-term holders had such high profits was shortly before the peak in October 2025, so the subsequent market consolidation is not surprising. Darkfost believes that short-term holder profits are still present, and the cost basis of $76,500 remains a noteworthy support level, with short-term holders likely to intervene here to defend the average entry price.

Robinhood CEO Vlad Tenev stated during the third quarter earnings call held this morning that the future plan is to build Robinhood Chain into the best place to hold and trade all tokenized assets, starting with stock tokens and perpetual contracts, and then expanding significantly.Regarding support for builders, Vlad said, "We are currently putting a lot of effort into researching how to further scale and how to better support community development. Many developers have provided feedback that we can do more in supporting the community. I believe everyone will see us increasing our investment because we want to make it the best developer ecosystem and the best on-chain community in the world. So, you will see us increasing investment because the development of emerging ecosystems like this is rare."He also confirmed, "Robinhood is working hard to do more for the community. We had to form a team, and I think in the near future, you will see us providing more support for developers."

Trader Bonk Guy (@theunipcs) stated that Robinhood's latest financial report is a significant boon for the on-chain ecosystem, with Robinhood Chain playing a key role in the growth of its crypto business revenue. Robinhood CEO Vlad Tenev also expressed positive expectations for the future development of the on-chain business.Bonk Guy also mentioned that PONS currently accounts for about 88% of the market share of the Robinhood Chain token launch platform. He stated that if the ecosystem has bottomed out, PONS is expected to gain substantial returns from subsequent inflows of funds and is very optimistic about PONS's future performance.

Ant Group released Lingguang 2.0, which connects data and services within the Alipay ecosystem and supports the use of tools such as MCP and CLI in an open environment, expanding cross-platform collaboration capabilities.Currently, Lingguang has integrated capabilities for Alipay bills, memberships, travel, as well as services like DingTalk, Feishu, email, and Mijia. The management scope is extending from personal information and online affairs to cross-platform workflows and smart home device control. The Lingguang App is a fully modal general AI assistant launched by Ant Group, officially going live on November 18, 2025.

According to GMGN market data, the market capitalization of the BSC chain ecosystem meme coin GANG briefly surpassed 6 million USD, currently reported at 5.88 million USD, with a daily increase of over 61%. It is reported that GANG is positioned as a token issuance and trading platform aimed at AI Agents, supporting only BAW Agents for token issuance and internal trading, with a single wallet holding limit of 1%.Its token mechanism is divided into two categories: tax-free and taxed. Tax-free tokens incur a 1% fee on internal trades, of which 80% is used to repurchase and burn GANG, and 20% goes to the treasury, with no further fees after graduation; taxed tokens incur a 1% fee on both internal and external trades, of which 50% is distributed to users holding no less than 10,000 tokens, and the remaining portion has 80% used to repurchase GANG, with 20% going to the treasury. Meme coin prices are highly volatile and easily affected by market sentiment and hot events, please be aware of trading risks.

After Anthropic publicly submitted its prospectus the previous evening, investment institutions and market participants began to assess its growth quality, cost structure, and potential valuation. Morningstar senior equity analyst Malik Ahmed Khan and PitchBook analyst Rolfes stated that as of September 30, Anthropic had over 11,900 enterprise customers contributing at least $100,000 in revenue over the last 12 months, compared to about 950 in the same period last year. Khan believes this reflects a faster adoption of Claude in the enterprise market and significant revenue growth.Analysts also pointed out that the rapid increase in customer numbers alone is insufficient to indicate long-term revenue stability. The prospectus lacks detailed data on customer retention, and the disclosed net revenue retention rate is also affected by a small base; as the comparison base expands, this metric may decline. Investment in computing power is another focus. Morningstar believes that Anthropic currently demonstrates a certain level of computing efficiency and operational efficiency, but some computing resources and related expenditures have not yet been fully reflected; as more computing power is utilized, costs may rise, and if revenue growth does not keep pace, profit margins will be under pressure.PitchBook analyst Rolfes reminded that the scale of future computing contracts and infrastructure commitments is enormous, and whether revenue growth can be sustained is an important variable in assessing profitability prospects. Gavin Baker, managing partner and chief investment officer of Atreides Management, stated that it is still possible for Anthropic to reach an annualized recurring revenue of $100 billion by the end of the year; this statement reflects his personal judgment and is not the company's published performance guidance. Nigel Green, CEO of independent financial advisory firm deVere Group, questioned the market's rumored potential valuation of $2 trillion, calling this expectation "absurd," and reminded to pay attention to infrastructure investments, slowing growth, and future financing needs. The $2 trillion figure remains a market rumor, and the prospectus has yet to determine the offering price and scale.

According to the official announcement from Akash Network, the decentralized cloud computing network Akash has initiated Governance Proposal No. 346, which plans to migrate the network from its Cosmos sovereign chain akashnet-2 to the Solana mainnet. Voting will start at 23:02 Beijing time on October 26 and will end at 23:02 on November 2, with approximately 98.29% of votes in favor.According to the proposal, if it passes and the token and migration portal audits are completed (expected to take 2 to 3 weeks), AKT will launch on Solana as an SPL token, migrating at a 1:1 ratio while retaining the token symbol. The one-way migration portal will be open for 2 years, and staked AKT must be unstaked (21 days) before migration. The proposal does not set a switch date; market migration will require a separate switch proposal. Akash stated that the choice of Solana is mainly based on factors such as operating costs under load, the absence of a single operator, and the aggregation of the DePIN ecosystem.

Binance founder Changpeng Zhao stated today at the BNB Standard Corporation (BNC) Nasdaq bell-ringing ceremony that BNB has evolved from a simple token launched in 2017 into an ecosystem with its own independent blockchain. BNB Chain serves approximately 30 million users monthly, with over 3 million daily users, making it one of the most active blockchains globally and one of the blockchains with the highest liquidity for real-world assets (RWA).Changpeng Zhao mentioned that the block time for BNB Chain is about 0.5 seconds, and the final confirmation time for transactions is less than 1 second. Throughout multiple market cycles, the BNB ecosystem has continuously built infrastructure and expanded into areas such as payments, lending, and investment, with hopes of becoming a platform for users to save, transfer, and build applications in the future.BNC stated that the company will bring BNB to Wall Street. As a Nasdaq-listed company with BNB at the core of its balance sheet, BNC not only plans to hold BNB but will also develop operational businesses around BNB Chain, starting with running its own validation nodes and gradually expanding its business scale.

The Sun Wukong ecosystem will hold a deep roundtable discussion themed "When DeFi Moves Towards Global Open Finance: From JUST Brand Upgrade to Multi-Token Deflationary Mechanism, How Does the TRON Ecosystem Build a Long-Term Growth Flywheel?" on October 27 at 8 PM at X Space.This event will focus on the ongoing exploration of the JUST brand upgrade and the multi-token buyback and burn mechanism, delving into the growth drivers for the next phase of DeFi. Invited industry KOLs will jointly analyze whether buybacks and burns can truly form long-term value support, and how to combine real business, user demand, and ecosystem activity when DeFi is no longer limited to a single product, allowing business growth and token economics to form a virtuous cycle, exploring sustainable growth models for the TRON ecosystem.

CryptoQuant certified analyst Trader_Gemini stated that the Trader On-chain Realized Price has risen again, currently becoming an important reference indicator for observing the subsequent trend of BTC. This indicator reflects the average acquisition price of BTC that last transferred in the past 1 to 3 months and can be used to measure the average holding cost of recent market participants. Currently, the trading price of BTC is in the low range of $80,000, while the realized price for traders has risen to the mid-range of $70,000, indicating that the current price of BTC is still above the recent average cost for traders.From the current structure, recent market participants are generally still in a state of unrealized profit, and the short to medium-term cost structure remains relatively positive. Historically, when the market is in an upward phase, the realized price for traders often provides support when BTC retraces close to that level. If the price can hold above this cost line, it indicates that the holding cost for recent participants may still provide support for the market; conversely, if BTC falls below this level, some traders in an unrealized loss state may sell when the price rebounds close to their cost, turning that position from support to resistance.In addition, Trader_Gemini also reminded to pay attention to the Upper Band of the indicator. Historically, when BTC prices approach the upper band, it is often accompanied by increased profit-taking pressure, which may lead to a short-term pullback. Therefore, if BTC continues to rise, the market reaction near the upper band is worth close observation; if BTC experiences a pullback, attention should be paid to whether the realized price for traders can provide effective support. Trader_Gemini emphasized that the upper band does not necessarily mean the market will peak, and the realized price for traders does not guarantee that BTC will rebound; neither should be viewed as automatic triggers for trading but rather as reference indicators for judging at what price recent market participants may change their behavior. Currently, BTC is still operating above the realized price for traders, and the overall cost structure remains positive; if a deeper adjustment occurs later, whether this indicator can continue to provide support will become an important observation point.

Renowned trader Killa stated that the market is currently anticipating Bitcoin to reach the previous extreme low point of the downturn again, but at that time, the "liquidation shadow" appeared during a concentrated outbreak of multiple negative factors. Unless more negative news emerges subsequently, it should not be assumed that Bitcoin will inevitably drop to the previous low point again, and historical trends may not simply repeat.Killa further pointed out that buyers in the fourth quarter seem to still be waiting for a lower entry price and suggested that investors continue to dollar-cost average (DCA) into BTC over the next few weeks.Killa mentioned that Bitcoin has currently retraced about 9%, and in his view, this is a decent pullback within a bull market.