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According to a report from the Beijing Daily client, the Market Supervision Administration of Haidian District, Beijing, investigated and handled the city's first illegal case of assisting pyramid schemes using blockchain and virtual currency technology, resulting in a technology company being fined and confiscated a total of over 930,000 yuan.The technology company involved is an outsourcing service provider for a certain public blockchain, offering support such as operations, market services, publicity and promotion, exchange docking, and maintenance. This public blockchain launched the "Atomic Plan" and "Hathaway Plan," which are centered around recruiting people for rebates, using the number of recruited individuals as the basis for rebates, and requiring participants to invest funds to obtain membership qualifications. Despite being aware of the pyramid scheme applications associated with this public blockchain, the involved company continued to provide technical operations, external publicity, and maintenance of virtual currency trading channels, facilitating the flow of funds and the spread of activities related to the pyramid scheme.Ultimately, the pyramid scheme activities of this public blockchain were investigated by public security authorities, the organizers were criminally detained, and the involved technology company was administratively punished with a total fine and confiscation of over 930,000 yuan for providing facilitative conditions.

On October 28, the payment network Visa released its performance for fiscal year 2026 and the fourth fiscal quarter. The fiscal year 2026 spans from October 1, 2025, to September 30, 2026, and the fourth fiscal quarter spans from July 1, 2026, to September 30, 2026.In fiscal year 2026, Visa's total operating revenue was $45.903 billion, a year-on-year increase of 15%; operating profit was $28.11 billion, a year-on-year increase of 17.15%; the operating profit margin was 61.24%, an increase of 1.25 percentage points year-on-year. The net profit attributable to the parent company was $23.504 billion, a year-on-year increase of 17%; operating cash flow was $23.728 billion. Basic earnings per share were $12.34, diluted earnings per share were $12.32, a year-on-year increase of 21%; the debt-to-equity ratio was 61.73%.In the fourth fiscal quarter, Visa's total operating revenue was $12.139 billion, a year-on-year increase of 13% and a quarter-on-quarter increase of 4.35%; operating profit was $7.262 billion, a year-on-year increase of 18.12%; the operating profit margin was 59.83%, an increase of 2.5 percentage points year-on-year. The net profit attributable to the parent company was $6.002 billion, a year-on-year increase of 18% and a quarter-on-quarter increase of 6.65%; both basic and diluted earnings per share were $3.19, a year-on-year increase of 22%; the debt-to-equity ratio was 61.73%.

Oracle expects its free cash flow for the fiscal year ending May 2029 to reach $30 billion, far exceeding market expectations.The company also anticipates that the total capacity of data centers will exceed 10 gigawatts by the end of fiscal year 2028, and it will gradually reduce capital expenditures starting in fiscal year 2029.Oracle's stock price rose more than 13% during intraday trading.

Iron Fish stated that the team is investigating the abnormal issuance of wIRON on the Base network and has requested the cross-chain bridge service provider ChainPort to conduct an urgent review.Before further notice, users should avoid purchasing wIRON on Base or using the related cross-chain bridge. Iron Fish warned that it cannot currently guarantee that wIRON has 1:1 full asset backing and stated that it will announce further developments after verifying more facts.

The U.S. Securities and Exchange Commission (SEC) announced the inspection priorities for the fiscal year 2027, continuing to conduct risk-oriented inspections of over 34,000 registered entities, focusing on investment advisors, funds, brokers, clearing agencies, and other market participants.The SEC stated that the fiscal year 2027 will focus on the fiduciary duty and conflicts of interest of investment advisors, retail investor protection, private funds and private credit, brokers' anti-money laundering and transaction supervision, operational resilience, and cybersecurity, among other areas. Emerging technologies and market infrastructure are also listed as priorities.Among these, the SEC will pay attention to the impact of advanced technologies, including "superintelligence," on market operations, compliance, fraud prevention, and investor protection, while also assessing the risks brought by government bond clearing reform, tokenization, and related changes in market structure.

According to CoinDesk citing The Paper, Chinese prosecutors are seeking to confiscate over 61,800 bitcoins and other assets related to a fraud case involving more than 40 billion yuan. The case revolves around Qian Zhimin, the actual controller of Tianjin Lantian Ge Rui Electronic Technology. Prosecutors stated that from 2014 to 2017, the company sold unlicensed financial products in China, raising over 40.378 billion yuan from more than 102,000 investors, resulting in nearly 20 billion yuan in losses for investors.The related funds were reportedly used to repay early investors, operate fraudulent investment projects, and purchase bitcoins, real estate, cars, and jewelry, rather than being invested in legitimate businesses. Qian Zhimin fled China in 2017 and settled in the UK. UK authorities have seized his assets, including over 61,800 bitcoins, as well as Bitcoin Cash, Bitcoin Gold, Bitcoin SV, Ripple, Dogecoin, cash, jewelry, and investment holdings.On October 13, the Tianjin Second Intermediate People's Court stated that it has accepted the prosecutors' application to confiscate the aforementioned assets as illegal gains and has initiated a six-month announcement period for victims and stakeholders to participate in the litigation; those who do not participate can still apply for compensation regarding the recovery of assets. Previously, the UK High Court ruled that for the over 61,000 bitcoins seized in the UK, victims claimed that Chinese law should apply rather than UK law. This ruling requires determining whether victims have property rights under Chinese law, and a hearing will be held subsequently, with some victim lawyers seeking to appeal.

According to Microsoft's 10-K filing for fiscal year 2026, as of June 30, 2026, the company had approximately 223,000 full-time employees, down from 228,000 the previous year, a decrease of about 5,000, marking the first decline in ten years.Among them, there are 121,000 employees in the United States and 102,000 employees overseas; approximately 77,000 employees are in research and development, a decrease of about 4,000 from the peak in 2024. During the same period, Microsoft's revenue for fiscal year 2026 increased by 18% year-on-year, reaching $331.8 billion.The above employee statistics do not include the new round of approximately 4,800 job cuts in July 2026. Microsoft previously stated that the eliminated positions would not be directly replaced by AI.

According to Bloomberg, financial executives have differing opinions on whether AI has become a bubble. Ken Griffin previously warned that AI investors are almost certainly in a bubble and should prepare for setbacks, stating that significant economic transformations are often accompanied by bubbles. Recently, the market has been concerned that the time it takes for the massive upfront capital expenditures in AI to translate into profits and productivity gains may be longer than expected. Deutsche Bank CEO Christian Sewing stated that there is no reason to worry about a sharp reversal in asset prices in the short term; individual companies may face setbacks, but he does not believe the market is in a bursting bubble.Sewing distinguished between a bubble and ongoing volatility, mentioning geopolitical tensions. He stated that if the regulatory framework is appropriate, the industrial application of AI will become a century opportunity for Germany. BlackRock CEO Larry Fink advocated for accelerating the construction of AI data centers, warning that delays could threaten economic growth and exacerbate inflation due to high computing costs. He previously mentioned that AI faces a supply shortage, with demand growth exceeding expectations, and stated that the faster more data centers are built and more computing power is available, the quicker costs can be reduced.Federated Hermes Chief Investment Officer for Global Equities Steve Chiavarone said that investors worried about an AI bubble may be correct in their judgment, but it is several years too early; infrastructure still has several years of growth potential, after which the risk of overbuilding will become more pressing. The market is still differentiating which companies can secure funding and at what interest rates, which is contrary to the bubble period.Compared to the AI bubble, both Fink and Sewing view the fiscal deficit as a more pressing concern, especially as the AI industry competes with the government for investment funds. The U.S. fiscal deficit is nearing $2 trillion, and U.S. Treasury yields have risen to decades-high levels.Fink stated that the current level of capital competition is the highest he has seen in his career. Regarding the rising risk of French government bonds, Sewing said it cannot yet be called a debt crisis, but it serves as a warning for public finances, emphasizing the importance of budget discipline.

French government bond yields rose on Monday, widening the yield spread with German government bonds. France is facing weak economic growth and pressure from rising debt, with serious riots erupting over the weekend. The yield on France's 2-year government bonds briefly rose by 10 basis points, while the yield on 10-year government bonds climbed to 4.99% at the beginning of October. Deutsche Bank stated that the riots have increased the political risk in the market.

European Central Bank President Christine Lagarde emphasized the importance of maintaining sound public finances, calling it a key pillar of economic stability. She pointed out that countries should ensure that fiscal measures to address energy shocks are temporary and targeted.Lagarde reiterated that the economic outlook for the Eurozone faces downside risks, while inflation risks are tilted to the upside.

According to data from the U.S. Department of the Treasury, as of September 30, the fiscal year 2026 U.S. budget deficit expanded by $217 billion year-on-year to $1.99 trillion, the highest level since the fiscal year 2021. Fiscal revenue reached a record $5.4 trillion, while expenditures amounted to $7.4 trillion. Debt service expenditures increased by 12% to $1.36 trillion. A Supreme Court ruling led to the refund of $145 billion in tariffs, resulting in a net tariff revenue decline of 11%. The budget deficit accounted for 6.2% of GDP.

The U.S. Department of the Treasury stated that total interest expenditure on debt for fiscal year 2026 reached a record $1.36 trillion, an increase of $144 billion from the previous fiscal year, representing a growth rate of 12%.

According to Fortune, the tokenized fund liquidity platform Fission announced the completion of a $10 million Series A financing round, led by Pantera Capital, with participation from Circle Ventures, Borderless Capital, and Ari Rubenstein. This round of financing was completed in September, and the company did not disclose its valuation.Fission aims to solve the problem of tokenized fund shares being difficult to quickly liquidate. The platform acts as a buyer, allowing investors to sell their shares without having to wait for the fund to process redemptions. Users connect their digital wallets and submit sale requests, while Fission handles the backend legal and transaction processes. CEO Jonathan Shaffer stated that for products that typically take about 200 days to sell, investors can pay a fee to sell immediately and complete settlement in 90 seconds or less.Fission was founded in 2024, and the founding team includes former employees of Point72 and Securitize. Currently, the clients are mainly institutional investors and organizations holding on-chain assets, including hedge funds holding tokenized private credit or equity assets, crypto institutions managing treasury, and stablecoin issuers allocating reserves to interest-bearing tokenized investment products.

According to a report by The Paper, the case of Qian Zhimin, involving over 40 billion yuan in illegal fundraising and more than 60,000 bitcoins, has seen new developments in domestic judicial procedures. The Tianjin Second Intermediate People's Court announced that it has accepted the Tianjin People's Procuratorate Second Branch's application to confiscate the illegal gains of the suspect Qian Zhimin as of September 28.According to the property confiscation list published by the Tianjin Second Intermediate Court, in addition to bitcoins, the involved virtual currencies also include 72,745.79502 bitcoins cash, 72,745.78555 bitcoins gold, 72,745.7845 bitcoins Satoshi Vision, 3,605,989.9995 ripples, and 70,081,208.62553222 dogecoins (which have been converted and deposited into an interest-bearing account by British judicial authorities). Additionally, the confiscated assets also include cash in US dollars, euros, and British pounds, jewelry, as well as bank balances and investment portfolios.The Tianjin People's Procuratorate Second Branch believes that Qian Zhimin is suspected of fundraising fraud, and after fleeing, he has been wanted for a year without appearing in court. There is evidence proving that over 61,800 bitcoins and other assets seized in the UK belong to illegal gains and their proceeds, and should be recovered along with the transformed and converted properties and proceeds, except for those legally returned to the harmed fundraising participants, which should be confiscated.

The U.S. Congressional Budget Office estimates that the total federal budget deficit for fiscal year 2026 will be $2 trillion, an increase of $218 billion from fiscal year 2025.Revenue is expected to increase by $169 billion, while spending is projected to rise by approximately $386 billion, with the increase in spending primarily coming from net interest on debt, welfare programs, defense, and education.

Payment giant Fiserv announced that its digital asset platform has officially launched for financial institution clients, with the first case being the dollar-backed stablecoin Roughrider Coin introduced by a bank in North Dakota.VersaBank is responsible for issuing, custody, and reserve asset management, while Fireblocks provides digital asset infrastructure and tokenization services, with transactions processed through the Solana blockchain.Roughrider Coin will connect to Fiserv's Commercial Center system, providing interbank fund transfer services for over 90 participating banks and credit unions in North Dakota.The platform also supports applications such as stablecoin cards, cross-border payments, programmable commerce, fund management automation, and tokenized deposits.

Micron Technology (MU.O) Chief Financial Officer Mark Murphy stated during the earnings call that revenue for the first quarter of fiscal year 2027 will reach $61.5 billion, with earnings per share of $38.15, continuing to rise quarter-over-quarter, and clearly pointed out that this quarter will be the low point for gross margin for the entire fiscal year 2027, after which gross margins are expected to gradually recover in subsequent quarters.Micron has currently signed 26 long-term agreements, locking in approximately $150 billion in long-term orders. The supply and demand in the storage market for 2027 and 2028 will be tighter than in 2026, and "there is no end in sight for the restoration of supply and demand balance."Micron Technology (MU.O) expects capital expenditures for the first half of fiscal year 2027 to be around $25 billion, with higher spending in the second half, and most of the incremental spending will be for new wafer fabrication plants (construction expenditures) rather than purely for equipment procurement. Micron Technology CFO Mark Murphy explained that this is entirely because long-term contracts provide sufficient demand visibility, and new greenfield factories require a very long lead time.Additionally, Micron Technology Chief Financial Officer Mark Murphy also mentioned during the earnings call that in the fourth quarter of fiscal year 2026, Micron Technology generated an impressive $44 billion in operating cash flow and $33.2 billion in free cash flow.As time goes on, we expect to return 100% of excess cash to shareholders. We plan to begin increasing capital returns starting December 9, 2026 (the second anniversary of our signing of the final agreement for the CHIPS Act), primarily through stock buybacks.

The U.S. Attorney's Office for the District of Massachusetts has filed a civil forfeiture lawsuit seeking to seize 110,300 USDT from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins from a beneficiary and their family trust within the same Coinbase account, valued at approximately $900,000 at the time.Investigators stated that from June 5 to June 15, 2023, 11.2 stolen bitcoins were traced to the Binance account, which were then quickly exchanged for Monero. When the FBI requested to freeze the account, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026.