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According to a report by Reuters, the American AI hardware startup Unconventional AI announced the acquisition of the Israeli AI chip company NeuReality through a combination of cash and stock, with the transaction amount not yet disclosed.Unconventional AI completed a $475 million financing round last December, at which time the company's valuation reached $4.5 billion. The company is dedicated to developing energy-efficient AI chips inspired by biological systems and is using AI tools to accelerate the research and development process. It has completed its first test chip, and the second one is also nearing completion.

Apple Inc. stated that the Siri artificial intelligence feature is currently unavailable in the European Union and is working with the EU to promote subsequent solutions.

According to Cointelegraph, Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro is expected to help the European Union establish a self-controlled payment infrastructure and reduce reliance on non-European third-party payment service providers. Europe has already recognized the risks of excessive dependence on external forces in critical areas such as energy and defense, and the same applies to the payment sector. However, payment sovereignty does not mean excluding third parties, but rather allowing Europe to have autonomous choices in key services.The European Central Bank plans to launch a digital euro pilot next year and will test it using real transactions. It is currently collaborating with 36 market operators to prepare, while also inviting e-commerce and mobile commerce operators to participate.

As of the week ending October 20, leveraged funds increased their net short positions in euros by 1,305 contracts, reaching 94,100, the highest level since March 2020, corresponding to short bets of approximately 11.8 billion euros.The turmoil in French politics, debt pressures, and escalating protests have heightened market concerns, dragging down the euro's performance. The euro fell 0.4% against the US dollar this week.

According to Gate market data, the German DAX30 index closed down 201.19 points on October 23, with a decline of 0.79%, reporting at 25,170.56 points. The UK FTSE 100 index fell by 42.69 points, a decrease of 0.4%, closing at 10,682.34 points. The French CAC40 index dropped 28.44 points, a decline of 0.36%, reporting at 7,782.82 points. The Euro Stoxx 50 index decreased by 21.86 points, down 0.36%, closing at 6,065.15 points.The Spanish IBEX35 index rose by 80.82 points, an increase of 0.43%, reporting at 18,994.32 points. The Italian FTSE MIB index increased by 160.84 points, up 0.33%, reporting at 48,544.5 points.

According to official news, YZi Labs announced the launch of the first phase of the Atlas Scout program, recruiting four students from Stanford University, Yale University, the University of California, Berkeley, and the University of California, Los Angeles, to participate in early investment projects in the fields of Web3, artificial intelligence (AI), and biotechnology.The program aims to allow outstanding university students to gain early exposure to venture capital, participate in project discovery, preliminary research, due diligence, and investment judgment, and encourage them to organize entrepreneurial communities on campus and explore investment opportunities. YZi Labs will provide a maximum of $1 million in intended investment for related investment opportunities in this program and open its ecosystem network composed of over 300 portfolio companies.YZi Labs stated that many potential entrepreneurs often begin their explorations in laboratories, open-source projects, campus entrepreneurial organizations, and technology communities before entering traditional financing channels, and their peers who learn and work with them usually discover their potential earlier. The Atlas Scout program hopes to leverage students' own campus networks to help these early entrepreneurs obtain capital, mentorship, and industry resources. Eligible entrepreneurial teams will also have the opportunity to connect with YZi Labs' EASY Residency program or further discuss investment collaboration.The Atlas Scout program not only expands financing and resource channels for early entrepreneurs but also allows participating students to accumulate venture capital experience through practical projects, enhancing their project evaluation, founder communication, and investment judgment skills.YZi Labs stated that Scouts can independently carry out campus activities based on their interests, such as organizing technical exchanges, gathering entrepreneurial teams, or discovering potential investment projects, while receiving guidance and ecosystem resource support from YZi Labs in the process. The program aims to establish connections before entrepreneurial projects gain widespread attention, allowing initial ideas on campus to have the opportunity to develop into actual projects, while cultivating a new generation of investors who can identify technological trends and entrepreneurial potential earlier.

Binance founder Zhao Changpeng stated, "I am often asked whether my entrepreneurial ideas are feasible, as if my opinion is that important. As long as the team's execution ability is strong enough, 99% of ideas are good.The problem is that 98% of teams cannot execute effectively. Therefore, there is no need to promote entrepreneurial ideas; just demonstrate execution ability."

According to CoinDesk, the Swedish central bank is pushing lawmakers to reconsider the necessity of issuing an electronic krona (e-krona), believing that with the development of foreign stablecoins and the digital euro, the use of the Swedish krona in the payment system may face long-term pressure.Per Jansson, the Deputy Governor of the Swedish central bank, stated that if cash becomes further digitized and the Swedish krona lacks a convenient digital form, the local currency may struggle to compete with digital payment tools that can be used across borders. Although the central bank has not yet decided whether to officially issue an electronic krona, it hopes to initiate preparations at the legislative level as soon as possible, as the related institutional and technical work is expected to take at least 5 years.

According to official news, BIT's subsidiary BIT Asset Management AG has been approved by FINMA and will list the first spot Bitcoin ETF (BBIT) in Europe on the Swiss Exchange in November. BBIT relies on Switzerland's high-net-worth wealth pool, providing a compliant channel for traditional bank accounts to directly allocate spot Bitcoin.In terms of business progress, BIT has launched services for US and Hong Kong stocks this year; in addition, its subsidiary Cactus Custody officially launched Swiss custody services last month, further building a safe and reliable bridge between traditional finance and crypto assets.

According to Politico, two insiders said that the United States is once again pressuring the European Union to relax regulations on large technology companies.

U.S. Vice President Vance stated that European countries have almost unanimously decided to initiate a regulatory and licensing battle against SpaceX, but now they are all requesting SpaceX to do what they need.

According to Bloomberg, the Central Bank of Ireland has fined Coinbase's Irish subsidiary €3.25 million (approximately $3.6 million) due to deficiencies in its outsourcing governance framework and inadequate customer fund protection measures.Regulators pointed out that the company relied too heavily on the U.S. Coinbase Group to execute customer fund protection processes, and design flaws in the system along with insufficient control testing led to a long-term shortfall in the designated customer fund protection accounts.A Coinbase spokesperson stated that the relevant issues mainly occurred during the U.S. banking crisis in 2023, when the company directed customers to deposit funds into other bank accounts of Coinbase to mitigate potential losses from bank failures. However, this practice resulted in the mixing of customer funds with those held by other entities of Coinbase, which did not comply with regulatory requirements.Last year, the Central Bank of Ireland also fined Coinbase Europe €21.5 million for violating anti-money laundering and counter-terrorism financing transaction monitoring obligations (which included a 30% settlement discount).

The Cardano Foundation calls on the European Union not to introduce new independent regulatory rules for DeFi and staking, advocating that existing financial laws should regulate based on the function and risk of activities rather than the technology used. The foundation outlined its 19-page opinion submitted to the European Commission on September 30 in a blog post released on Wednesday, urging a distinction between direct participation in decentralized networks and financial services provided by intermediaries, especially those involving the custody or control of user assets. The foundation stated that regulation should follow the substance of the activity, the functions performed, and the risks generated, rather than the technology relied upon to conduct the activity.The foundation pointed out that Cardano users can delegate native ADA tokens to help secure the network without relinquishing custody or locking up tokens, and this form of direct participation should be treated differently from staking services operated by intermediaries. The opinion also calls for a clearer distinction between the EU MiCA regulations and existing financial laws, warning that overlapping regulatory requirements and inconsistent interpretations among member states could create uncertainty for crypto businesses.This move comes as EU regulators consider expanding oversight of crypto services. In September, the European Securities and Markets Authority suggested adding additional safeguards for staking and lending activities and establishing a new category of regulated services for companies providing access to DeFi protocols. Additionally, the Cardano Foundation, along with five other blockchain organizations, sent a joint letter to the U.S. Securities and Exchange Commission on October 20, urging it to formally recognize digital commodities as non-securities under the proposed crypto framework.

This integration allows traders to choose Euros or EURC for settlement in a shared liquidity pool, avoiding routing Euro-denominated trades to the USD pair, aiming to tighten the bid-ask spread and reduce slippage. Users can exchange Euros for EURC at a 1:1 ratio, thus accessing shared liquidity in a unified trading environment.The EURC stablecoin is MiCA compliant and fully backed by Euro reserves. OKX Europe operates under the license of the Malta Financial Services Authority, adhering to the MiCA framework. However, trading fees still depend on the user's tier and type of trade, and services are limited to eligible EEA jurisdictions.

Galaxy Research Research Director Alex Thorn stated that since the second half of October, Bitcoin returns have been primarily driven by the Asian trading session, while the European trading session has dragged down overall performance.The chart he shared shows that as of October 20, calculated from October 1, the cumulative return of Bitcoin during the Asian trading session was 3.9%, 1.1% during the U.S. trading session, and -5.5% during the European trading session; the return for buying and holding all day during the same period was -0.7%.

According to Bloomberg, the Milan prosecutor's office stated that Italian authorities are conducting arrest operations against 30 individuals suspected of operating a mafia-linked underground bank. This network is alleged to have transferred approximately 68 million euros abroad and used cryptocurrency to launder illegal funds.The operation extends to Spain, where local police are executing European arrest warrants, and Swiss authorities are also seeking to apprehend another suspect. The prosecutor's office claims that the network is based around a car rental company near Milan, using shell companies to issue false service invoices, helping involved businesses in construction, logistics, and other industries reduce taxable income. After companies made payments via bank transfers, the network deducted commissions and returned the funds in cash.Funds in the shell company accounts were transferred to banks in Luxembourg, Lithuania, and Germany, and then entered digital wallets allegedly controlled by the organization through cryptocurrency exchanges. Investigators identified over 110 million euros in false invoices and found that the network also handled drug trafficking proceeds and funds from victims of online cryptocurrency investment scams.

The European Commission stated that SpaceX must urgently restore all services in Ukraine.

NVIDIA launched the DSX POD artificial intelligence factory to accelerate infrastructure deployment in Europe. The DSX Pod module can reduce deployment time to as fast as 14 days.

According to comments from the AXIOS website, NVIDIA CEO Jensen Huang is promoting the prospects of artificial intelligence across Europe to warm up for the flagship conference in Berlin. He emphasized that governments around the world will see AI as a necessity for national development and may rely more on NVIDIA.

U.S. presidential envoy Wittekov will meet with Russian President Putin on October 21, and Trump's son-in-law Kushner will participate via video. Previously, the U.S., Ukraine, and Europe had detailed discussions on security guarantees and other aspects of a comprehensive peace framework, reaching a high level of consensus.