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According to Binance spot market data, the market is showing a divergence between bulls and bears. SYRUP increased by 5.06%, and Niulai increased by 5.25%, while also showing a rebound from the bottom.On the other hand, DJTB hit a new low for today, with a decrease of 7.65%, and 0G also hit a new low for today, with a decrease of 10.48%. RDDTB reached a new low for this week, with a decrease of 11.63%.Among the other tokens, INIT increased by 3.14%, while also showing a small increase over 5 minutes. AVA, STX, and BLUR also showed a rebound from the bottom, with increases of 5.92%, 6.01%, and 6.21%, respectively.

According to The Defiant, the floating borrowing rate curve for USDT in the Aave Ethereum market has been adjusted, and when liquidity in the pool tightens, borrowing costs will rise earlier.The interest on existing debt remains unchanged, and the new rate only affects the growth rate of the debt balance thereafter.

The Hang Seng Index Company announced that the Hang Seng Hong Kong American Technology Index will add Anthropic, PBC (stock code: ANT.O) to the list of designated U.S. listed constituent stocks, provided that Anthropic confirms its listing. The weight of the 9 U.S. listed constituent stocks will be recalculated to equal weight after the close of trading on the 7th trading day following Anthropic's listing, with the new constituents and new weights taking effect on the 11th trading day.The index will also update the stock selection criteria, constituent stock selection methods, rapid inclusion mechanisms, and replacement rules for temporarily removing constituent stocks, and will introduce new liquidity requirements. The new methods will be adopted starting from the index review ending on September 30, 2026, with the relevant constituent stock changes taking effect on December 14, and the index name and code will remain unchanged.

Galaxy Digital released its Q3 2026 financial report, with a net profit of $323 million, turning around from a loss of $85 million in the previous quarter. Adjusted EBITDA reached $455 million, total assets increased by 51% quarter-on-quarter to $16.4 billion, and cash, stablecoins, and U.S. Treasury bonds totaled $4.9 billion, nearly doubling quarter-on-quarter.In terms of digital asset business, trading volume increased by 12% quarter-on-quarter, outperforming the overall spot market. The combined scale of asset management and staking grew by 46% quarter-on-quarter to $10.4 billion, and a multi-year cooperation was established with BNY Mellon to provide staking support for its digital asset custody platform.The data center business saw adjusted EBITDA increase nearly fivefold quarter-on-quarter to $69 million, mainly from the first full operational quarter after the delivery of 133 MW computing power from Helios Phase 1 to CoreWeave. Phase 2 has been fully financed and commenced, with the company completing a $3.5 billion senior secured bond issuance, expanding the overall power pipeline to over 5.7 GW, and the data center is expected to start delivering in Q2 2027.In terms of capital operations, the $200 million repurchase plan initiated by the company in February was completed on October 15, with approximately 9.8 million shares repurchased. The board approved a new $200 million repurchase limit on October 26.

Morgan Stanley's Chief Equity Strategist Mike Wilson stated that despite the cooling enthusiasm for artificial intelligence trading and recent pressure on U.S. stocks, he maintains his forecast for the S&P 500 index to close at 8000 points by the end of the year. Morgan Stanley has set a tactical downside target for the S&P 500 at 7100 to 7200 points, slightly below the 200-day moving average, while the basic year-end target remains at 8000 points. Wilson noted that several upcoming clearing events, including the midterm elections, should mark the end of the current stock market adjustment.Wilson is relatively cautious about the semiconductor sector, believing that support levels may be significantly lower than current levels, but selling pressure may ease next month. The strategy team stated that as the market questions the timing and scale of revenue realization related to artificial intelligence, the semiconductor and other capital expenditure beneficiary sectors have become the epicenter of financing concerns; there are new doubts about the cost of capital for some participants and whether the credit market can provide sufficient funds to support related expenditures, as governments and non-AI-related capital expenditures are also competing for funds. The team indicated that given the possibility of more financing plans in the future, it is normal for the market to focus on the supply side, but this concern will persist until financing is completed.The five-year credit default swaps of the highly leveraged new cloud service provider CoreWeave closed above 1100 basis points last week, implying a default probability of about 50% on its debt within five years. Wilson's team believes that the adjustment in the semiconductor sector has entered its final stage, expecting this round of adjustment to end by mid-November; however, based on technical analysis and comparisons with the once-hot silver market, the sector may decline another 10% to 15% from current levels, with the Philadelphia Semiconductor Index potentially dipping to around 9500 points. Last week, the Nasdaq Composite Index fell a cumulative 0.7%, with a total decline of over 5% in the past two weeks; on Monday, Anthropic's public IPO prospectus boosted the AI sector, leading chip stocks to rise, and the Nasdaq Composite Index increased by 0.82%, closing at 26169.38 points.

Dongfang Gangwan Fund Chairman Dan Bin is making a "major adjustment" in the technology sector. According to statistics from Private Equity Ranking Network, as of the end of the third quarter of 2026, Dongfang Gangwan's overseas fund held a total of 13 U.S. stock targets, with a total market value of approximately $1.469 billion.From the perspective of industry distribution, AI remains a key focus for Dongfang Gangwan. As of the end of the third quarter, Google was the largest holding in Dongfang Gangwan's overseas fund. However, in terms of buying and selling actions, Dan Bin's preference for sub-sectors within the AI industry has changed significantly compared to the second quarter.According to statistics, in the third quarter of this year, Dongfang Gangwan's overseas fund reduced its holdings in targets such as Advanced Micro Devices (AMD), Broadcom, and Lumentum, which were newly purchased in the second quarter, while increasing its positions in storage giant Micron Technology, SanDisk, as well as Nvidia, Google-C, and Taiwan Semiconductor Manufacturing Company.

Cryptocurrency analyst Darkfost stated that this round of deleveraging is driven by factors such as price declines, chain liquidations, and traders actively closing positions to reduce risk. Looking back at July this year, Ethereum also experienced a more severe contraction in open contracts, followed by stabilization and a rebound, with an increase of over 32%, and the price once breaking through 2800 USD. Deleveraging is part of the market adjustment process, and such phases are often accompanied by panic sentiment, which may also occur at the tail end of an adjustment.The overall performance of the altcoin market has been weak over the past three weeks, with Ethereum's price correcting by about 15%, and its market capitalization shrinking by approximately 54 billion USD. In the derivatives market, Binance's ETH open contract volume decreased by 1.3 billion USD in the past month, a decline of nearly 20%, dropping to 5.7 billion USD; the total amount of ETH open contracts across the network has fallen to 11.5 billion USD.

Hyperliquid announced that it has adjusted the new priority mechanism based on user feedback on the test network improvements: the noop and scheduleCancel operations no longer affect the priority of other operations, while operations other than noop, scheduleCancel, cancel, cancelByCloid, order, modify, and batchModify will lower the priority of other operations before submission is completed.In addition, Hyperliquid also announced the addition of the cDeposit2 interface operation, which is similar to cDeposit but supports agent-signed.

Aave executed an adjustment to the USDT lending rate parameters in the Ethereum Core market at block height 26,241,799, lowering the rate inflection point from 94% utilization to 92%, causing borrowing costs to rise earlier when liquidity in the pool tightens. The new parameters are: optimal utilization rate 92%, base rate 0, first slope 4.5%, second slope 10%; the inflection point rate is 4.5% APR, reaching 14.5% APR when utilization hits 100%.At 94% utilization, the old curve's lending rate was 4.5% APR, while the new curve is 7% APR, an increase of 2.5 percentage points. LlamaRisk recommended the adjustment on October 20; based on a supply of 2.8922 billion USDT, a 92% utilization rate leaves approximately 57.84 million USDT unborrowed as a buffer compared to 94%. This buffer does not represent actual cash, and withdrawals still depend on available unborrowed liquidity. Snapshots show that the actual cash in the pool is about 391.4 million USDT, with a variable lending APR of about 4.23% and a supply liquidity APR of 3.29%.

The S&P Dow Jones Indices has adjusted the rules for classifying stocks into growth and value categories, incorporating intangible assets, expected earnings, and free cash flow as evaluation factors. The new rules will take effect before the market opens on December 21, potentially forcing funds that track the relevant indices to adjust their holdings. At least $375 billion in passive fund assets are linked to the affected indices.

The White House announced that Trump further adjusted the scope of tariffs on Canadian products imposed under Section 338 of the Tariff Act of 1930.

The hedge fund Bridgewater's China business department informed investors that the institution's bullish stance on gold has decreased and that it holds a cautiously optimistic view on the domestic Chinese stock market. The Shanghai-based hedge fund stated in a letter to investors in September that it has gradually reduced its previously overweight position in gold.Bridgewater China noted that rising interest rates have increased the opportunity cost of holding gold, while rising oil prices have suppressed demand from energy-importing countries like India. The institution also expressed optimism about Chinese assets, believing that the current stock market valuation is not high, the policy direction is favorable for long-term capital formation, and that there may be more funds flowing into the stock market in the future against a backdrop of lower bond yields.

Bitcoin core developer Antoine Poinsot announced an adjustment to the security vulnerability disclosure policy in the Bitcoin development mailing list. He stated that in the past, vulnerabilities were often kept secret for a long time to allow users to complete upgrades before details were made public, but this also led to fixes not being backported to older versions, requiring users to wait for the next major release. Poinsot pointed out that large language models make some vulnerabilities very easy to rediscover, and the protection that continued delays in fixing can provide is now quite limited.According to the new policy, vulnerabilities deemed "easy to discover" will be fixed as soon as possible in all maintained major versions, with security announcements released simultaneously. This classification applies to vulnerabilities that can be discovered with minimal effort, such as through simple LLM prompts. Other vulnerabilities will still follow the disclosure timeline based on severity: low-severity vulnerabilities will be disclosed two weeks after the major release containing the fix; medium to high-severity vulnerabilities will be disclosed two weeks after the last affected version reaches its end of life (usually one year after the fix is released in a new major version). Critical vulnerabilities are not covered by the standard policy and may require ad hoc procedures.Bitcoin ecosystem security researcher Luke de Wolf stated that he previously disagreed with Poinsot's security strategy but believes this update is a good adjustment. In August of this year, the volunteer-based Bitcoin Red Team reported nearly 5,000 potential issues across 390 projects, with only about one-fifth being reproducible at that time. In the same month, Core Lightning developers urged operators to upgrade or take nodes offline after receiving multiple AI-generated vulnerability reports, while keeping technical details confidential for two weeks.

The official listing account of the cryptocurrency exchange Kraken announced that the token SFI of the peer-to-peer risk-adjusted protocol Saffron will be launched soon, with trading starting on October 23. According to the introduction, Saffron's smart contracts will restructure the underlying decentralized finance yields based on the risk preferences indicated by users.

According to Cointelegraph, Coinbase's European policy director Katie Harries wrote that the proposed cryptocurrency asset regulatory rules by the UK's Financial Conduct Authority (FCA) may require regulated platforms to execute customer orders only on trading venues authorized by the FCA, thereby restricting users' access to decentralized finance (DeFi) protocols through compliant platforms.Since decentralized protocols typically do not have entities that can apply for regulatory authorization, the relevant rules may lead to regulated platforms being unable to provide DeFi access services, effectively creating a ban. The related cryptocurrency regulatory system is expected to be implemented starting October 25, 2027.

According to the official announcement, Binance will update the full margin borrowing and withdrawal collateral rates for POL, SHIB, XLM, COW, NEXO, RVN, and SAND on October 23, 2026, at 06:00 (UTC). The update is expected to be completed within 30 minutes.

The decentralized perpetual contract trading platform Aster announced that, in light of recent developments related to PAPER and potential market risks, it has adjusted the pre-market perpetual contract for PAPER to a liquidation-only mode and plans to officially delist the contract at 9:45 AM Beijing time on October 20. Aster recommends that users holding open positions proactively close their positions before the delisting, calling this a precautionary measure to manage market risks and maintain trading order.Previously, Papertrade stated that there are currently no plans to allow external transfers of the PAPER token and will adjust short-term trading fees and the token issuance curve. The team believes that the PAPER perpetual contract could make the liquidity pool's solvency a target for short selling, and external short exposure may increase the profit potential for manipulation attacks, as these markets are not controlled by the protocol.Papertrade founder Jez also pointed out that due to the rapid progress of the perpetual contract market, PAPER is currently set to a non-transferable status to avoid potential attack risks and maintain the long-term healthy development of the protocol. Jez emphasized that PAPER represents users' rights to the protocol's earnings, and its long-term value depends on whether Papertrade can continue to attract traders. The team made this risk management choice based on the operational data from the first week after the protocol's launch.

The Hyperliquid Policy Council (HPC) stated that it has submitted a comment letter to the U.S. SEC in support of its proposed Regulation Crypto Assets and suggested 5 adjustments to the final rules to further clarify the regulatory boundaries regarding token issuance, airdrops, secondary market trading, and safe harbors.

Filecoin announced that three advancements have been made this month: the new reward mechanism Solstice will allocate more block rewards to services that bring paying customers to the network, while the rewards solely for consensus mining will be correspondingly reduced, and the unearned portion will be destroyed; the release period for the genesis token is about to end, and the daily new FIL circulation is expected to decrease by approximately 75%.In addition, Filecoin has launched new products aimed at enterprises and AI Agents, including the Filecoin-based storage cloud Integral Spacetime, S3 compatible object storage Fil One, and tools that support AI Agents to directly store files, obtain public links, and make on-chain payments.