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According to the RootData Launchpad rankings, Pons launched 2015 memes in the last 24 hours, an increase of 35.69% compared to the previous day's 1485, with 20 graduating, a 100.00% increase from the previous day's 10.During the same period, Four.Meme launched 1879, a decrease of 28.15% from the previous day, with 1 graduating, a 50.00% decrease from the previous day's 2; Flap launched 7936, a decrease of 2.39%, with 33 graduating, a decrease of 8.33%.

On the morning of October 29, the banking sector continued to rise during the trading session, with Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank all increasing by over 1%. The total market capitalization of the four major banks' A+H shares has historically surpassed 10 trillion yuan for the first time.Among them, the total market capitalization of Industrial and Commercial Bank of China is 2.94 trillion yuan, Agricultural Bank of China is 2.58 trillion yuan, China Construction Bank is 2.35 trillion yuan, and Bank of China is 2.15 trillion yuan.

B.AI announced a significant upgrade to the model ranking list, adding four major evaluation dimensions beyond real usage popularity: the popular model tracking weekly token usage ratio, reflecting community selection trends; the call ranking supports real-time statistics of token and API call popularity over multiple time periods; the price ranking provides comparisons of input, output, and weighted prices, facilitating precise cost control; the intelligent ranking combines the Artificial Analysis intelligent index with a cutting-edge scatter plot of cost-effectiveness, helping to quickly identify high ROI models.The new ranking list can meet the needs for exploring cutting-edge capabilities, controlling call costs, and optimizing engineering selection.

The funding scale of the Zcash development grant program continues to expand, with the current net funding estimated at approximately 125 million USD, far exceeding current expenditure needs. Sean Bowe, co-founder of Zcash and current head of Tachyon, has proposed a draft suggesting the termination of the current 8% block reward allocated to ZCG in a future network upgrade.There are currently four proposals in the community regarding the development funding mechanism, which involve terminating ZCG grants, canceling the entire development fund grant mechanism, or gradually reducing the grant proportion to zero. Supporters believe that the current mechanism allows funds to accumulate as the price of ZEC rises, but ZCG is not directly controlled by holders; opponents worry that cutting development funds without alternative solutions may impact the subsequent development and maintenance of the protocol. All proposals are still in the discussion stage and have not yet been finalized.

According to on-chain analyst @ai_9684xtpa's monitoring, the address 0xbf8...808d5 deposited 3084 ETH to Binance 5 minutes ago, worth approximately 7.17 million USD, suspected of liquidation.This address gradually accumulated positions from November 2022 to February 2026, previously depositing ETH into Lido for staking interest. Based on currently disclosed data, this operation is expected to yield a profit of approximately 928,000 USD. The last sell-off from this address occurred between August and November 2025, when the ETH price ranged from 3847 to 4532 USD.

Reuters reported on October 26 that amid fluctuations in global tech stocks, Chinese artificial intelligence and semiconductor-related stocks have already declined. The STAR50 index, dominated by mainland artificial intelligence and semiconductor leaders, has dropped 40% in less than four months, with a market value evaporating by about $480 billion. The CSI 300 index has fallen about 20% from its June peak, interrupting nearly two years of gains. Beijing fund manager Dong Baozhen said: The stock market has evolved into a speculative frenzy bull market, and now the bubble is bursting. Traders noted that the decline does not have a clear single trigger factor; high prices, tax bills, and the possibility of the U.S. or other countries banning Chinese equipment from entering data centers have all had an impact. During the same period, the Nasdaq has retreated 6% from its record high three weeks ago.Goldman Sachs stated that AI stocks account for 42% of China's market value and 57% of the trading volume of mainland A-shares and Hong Kong H-shares. When the robotics company Yushu went public, retail investors oversubscribed by about 8,000 times, and since trading began in August, its stock price has fallen by about half; chip company Changxin Storage has dropped more than a quarter in the past month. Mu Xi Integrated Circuit and Moore Threads saw their stock prices rise by about 700% and 400% respectively on their first day of trading last year, but have also fallen by about half since July. Optical module companies Zhongji Xuchuang and Guangxun Technology have dropped about 60% from their June and July peaks, partly due to the U.S. moving towards banning these companies from supplying to U.S. data centers. Hainan investor Chen Wensheng said: He bought Yushu because he felt official support and that there were state-owned background funds investing, but he is currently suffering losses with friends.The STAR50 is currently still about 100 times its past earnings, having fallen from a high of nearly 250 times, with investors comparing it to the Nasdaq 100's price-to-earnings ratio of about 30 times. Hong Hao, Managing Director and Chief Investment Officer of Lotus Asset Management in Hong Kong, said: The current situation will cause many companies trying to go public to pause. Leo Wang, a partner at Beijing Qianchuang Capital, said: Overemphasizing the market capitalization weight of tech companies in major indices will create serious bubbles in certain industries and siphon off funds from other sectors. Wang Zhuo, a partner at Shanghai Zhuozhu Investment Management, said: Chip manufacturers and AI suppliers will ultimately fall into price wars like other Chinese manufacturers. HSBC Research stated that Asian funds have generally been selling over the past three months but are still overweight in China; Goldman Sachs' updated recommendation list this month includes Zhongji Xuchuang and Changxin Storage. The China Securities Regulatory Commission did not immediately respond to Reuters' inquiries; Chairman Wu Qing met with market participants earlier this month to hear suggestions for improving the capital market.

The French Ministry of Finance, the Financial Markets Authority (AMF), the French Central Bank, and the Prudential Supervision and Resolution Authority (ACPR) jointly suggested to the European Commission to allow third parties, such as crypto platforms, to offer rewards to stablecoin holders under specific conditions. The four institutions believe that such rewards should be regulated rather than outright prohibited.The four institutions proposed that platforms should disclose reward information to holders, must not promise guaranteed returns, and should not promote rewards as savings products; regulators should also monitor the impact of rewards on bank deposits. The French side still supports banning stablecoin issuers from paying interest but opposes extending the ban to staking and lending activities. The European Central Bank and the central banks of EU countries advocate maintaining the ban on interest for stablecoins and including indirect benefits such as rewards and fee waivers, as well as lending and staking activities within the scope of restrictions.The European Commission must submit a review report on the Markets in Crypto-Assets Regulation (MiCA) to the EU legislative bodies by June 30, 2027, and may propose amendments.

According to the Korea Economic Daily, the South Korean presidential office, the Blue House, is inclined to postpone the implementation of the cryptocurrency asset income tax originally scheduled for January 1, 2027. If ultimately approved, this will be the fourth delay of this tax system. However, the Blue House emphasized that discussions are still ongoing and no final decision has been made.Under the current arrangement, South Korea will tax income from the transfer or lending of cryptocurrency assets, with an annual income deduction of 2.5 million Korean won as a basic tax exemption, taxed at a comprehensive rate of 22%. Reasons for the Blue House's consideration of a delay include difficulties in obtaining overseas trading information and a high participation rate among young investors. The South Korean government is concerned that the United States plans to participate in the Cryptocurrency Asset Reporting Framework (CARF) in 2029, and if South Korea imposes taxes in advance, it may be difficult to fully grasp the relevant income of South Korean residents on U.S. exchanges.

Recently, Sun Yuchen discussed his personal communication and life strategy role models in a conversation with Jin Ming, stating that he does not simply imitate one person, but is a "hybrid mix" of Elon Musk, Donald Trump, and Warren Buffett.Sun Yuchen mentioned an interesting coincidence that all three are alumni of his alma mater, the University of Pennsylvania. As he integrates the strategies of these three individuals, the outside world has begun to jokingly refer to the emergence of a "fourth giant," namely Sun Yuchen himself. In terms of specific strategy breakdown, he stated that his investment and risk control fully absorb the value investment philosophy that Buffett and Munger emphasize on fundamentals, bringing an old-school playbook into the crypto space, which instead creates a dimensional advantage.In terms of business growth and communication, Sun Yuchen pointed out that Musk compensates for Buffett's shortcomings in technology narratives and expectation-driven approaches, forming a dual drive of fundamentals and high-tech high growth. Regarding personal branding and communication, he mainly draws inspiration from Trump, even admitting that he initially learned spoken English by following Trump's show "The Apprentice."Sun Yuchen also shared an interesting anecdote, stating that there is actually a "mutual disdain law" among these three. For example, when he once suggested to Buffett during dinner that he acquire Tesla during its low point, Buffett declined, as he believed that if a company is too disruptive and full of "surprises," it does not align with his investment style.

On October 20, researcher 100y from the cryptocurrency research institution Four Pillars published a response to external doubts: Robinhood Chain has not disappeared, its ecosystem remains resilient, and it is preparing for the next round of growth. The chain is set to launch on July 1, 2026, positioning itself as an on-chain financial network centered around tokenized stocks. The article states that Robinhood's cryptocurrency business revenue share dropped from 27.2% in the first quarter of 2025 to 12.6% in the first quarter of 2026.According to data from The Rollup, the chain's daily network fees on September 4 were approximately $8.27 million, compared to Robinhood's total cryptocurrency business revenue of about $100 million in the second quarter of 2026. After the market weakened and meme popularity cooled, fees fell by over 99% from their peak, with daily fees in mid-October around $30,000 to $40,000, less than 1% of the peak. 100y attributed the spike in fees to congestion in September: the chain uses the Arbitrum tech stack, and the base fee index rises when usage exceeds target processing capacity.As of the publication date, the on-chain Total Value Locked (TVL) is approximately $1.1 billion. The Steakhouse Financial curation and the Steakhouse USDG Vault supplying USDG to Morpho account for about half of this, with a scale of approximately $540 million and still rising, and around 75,000 deposit wallets. Stocks and ETFs account for more than half of the issued Real World Asset (RWA) tokens, with an associated outstanding value of about $150 million. The spot trading volumes on September 4 and October 7 were approximately $3.27 billion and $3.24 billion, respectively, and daily trading volumes have remained at least around $600 million to $700 million since then. Robinhood has strategically invested in the perpetual platform Lighter and Arcus. 100y stated that the next round of growth depends on the scale of the treasury and stock tokens, meme trading, perpetual activities after the points period, as well as more builders and new on-chain financial primitives.

SpaceX's Chief Financial Officer stated that capital expenditures are expected to reach between 35 billion and 40 billion dollars in the fourth quarter.

The National Radio and Television Administration released the "China-ASEAN Micro Short Drama International Communication Development Report." The report states that micro short dramas, as a new form of online audio-visual content that originated in China, are becoming the fourth largest global audio-visual product form after American films, Japanese animations, and Korean dramas. The cooperation in micro short dramas between China and ASEAN is deepening, becoming an important carrier for China-ASEAN digital economy cooperation and cultural exchanges.The report indicates that the market size of micro short dramas in China continues to grow rapidly. By 2025, a total of 33,000 micro short dramas will be launched nationwide, and from January to September 2026, the number of launched micro short dramas will reach 490,000, which is 13 times that of the entire year of 2025. The user base of micro short dramas has reached 850 million, with monthly active users exceeding 600 million. By 2026, the overseas micro short drama market outside of China will exceed $6 billion, a year-on-year increase of 67% compared to 2025.The report also states that platforms with a Chinese background dominate the global market. From January to September 2026, all of the top 10 micro short drama apps in terms of downloads in overseas markets have a Chinese background, and among the top 10 platforms in terms of in-app purchase revenue, 9 are also of Chinese background.

German Chancellor Friedrich Merz stated at the Invest in Germany Summit in Berlin that Germany hopes to become a leader in integrating AI in key industries, specifically naming manufacturing, machinery, and the automotive industry. He urged small and medium-sized enterprises to utilize existing data, saying, "Please open the door for AI to use your data." He claimed this is Germany's true secret and real advantage.NVIDIA announced at the summit that it would increase its investment in the European AI sector, planning to support four German startups: Agile Robots, Avelios Medical, Mirelo, and Reflex Aerospace. This is part of its nearly $10 billion commitment to Europe for investing in companies, universities, and research institutions; NVIDIA did not disclose the specific amounts for these four investments. Agile Robots develops AI robots for manufacturing, logistics, and healthcare, Avelios Medical creates hospital management software, Mirelo develops AI models for generating audio from video, and Reflex Aerospace designs and manufactures satellites.NVIDIA CEO Jensen Huang stated that AI will only enhance, not replace, Germany's capabilities in manufacturing, mathematics, and science, and called AI a new tool for businesses. NVIDIA is expanding its cooperation with the German federal government and the Industry 4.0 Platform, with both parties signing a joint declaration of intent to promote industrial application AI models. On the same day, Siemens announced a new AI program in collaboration with NVIDIA at its Erlangen plant, stating that the related technology could reduce engineering work in production preparation by up to 85%, and AI production planning could lower costs by up to 20%.

According to the Gate Launchpool page, there are currently four projects underway: DNA, BLKHION, CT, and GT, offering various asset staking options.Among them, DNA is the first project, with a total reward of 2,800,000 DNA. The APR for the ETH, BTC, and DNA pools is 7.25%, 6.24%, and 218.90%, respectively. The total reward for the BLKHION project is 30,400 BLKHION, with the APR for the USDT, BLKGRWON, and MAG7XON pools being 5.15%, 147.62%, and 97.56%, respectively.Meanwhile, the total reward for the CT project is 1,000,000 CT, with the APR for the USDT, CT, and GT pools being 5.10%, 65.82%, and 2.48%, respectively. The total reward for the GT project is 18,400 GT, with the APR for the ETH and BTC pools being 6.83% and 4.51%, respectively.

The 2026 Financial Street Forum Annual Conference opened in the afternoon on Financial Street, Beijing, and will last until October 22. The theme is "Openness · Cooperation · Inclusiveness ------ Building a New Ecosystem for Global Financial Development Together," with over 400 guests from more than 40 countries and regions attending.Pan Gongsheng, Governor of the People's Bank of China, Ding Xiangqun, Director of the Financial Regulatory Administration, Wu Qing, Chairman of the Securities Regulatory Commission, and Zhu Hexin, Director of the Foreign Exchange Bureau, will deliver keynote speeches. The forum plans to hold 21 thematic activities and 3 special conferences, among which the Financial Technology Conference will focus on topics such as blockchain and artificial intelligence, and aims to release results such as the central bank's digital renminbi system and the digital renminbi smart contract ecological service framework.

According to MacRumors, Apple may intensively release new products over four consecutive Fridays. Citing Bloomberg reporter Mark Gurman, the MacBook Pro with an OLED screen, the 14-inch MacBook Pro equipped with the M6 chip, the iMac, and the iPad mini 8 featuring an OLED screen are expected to be released on November 6, with related devices possibly announced on October 27 or 28.The four release dates are: October 23 for iPhone Duo, October 30 for HomePod mini 2, November 6 for the aforementioned Mac and iPad mini, and November 13 for HomeView smart home hub and the fourth generation Apple TV 4K.

According to The Block, the prediction market exchange under Crypto.com filed a lawsuit against Missouri officials in federal court on October 16, along with Novig, seeking to prohibit the state from enforcing sports betting laws on its sports event contracts. Previously, Missouri Attorney General Catherine Hanaway issued cease-and-desist orders to six companies from September 16 to 17, requiring them to stop offering sports event contracts to local users within 30 days or obtain a license from the Missouri Gaming Commission and pay a 10% betting tax.The exchange of Crypto.com, North American Derivatives Exchange, sued in the Western District Federal Court of Missouri, claiming that the Commodity Exchange Act grants the CFTC exclusive jurisdiction and takes precedence over state gambling laws. The lawsuit also stated that the Attorney General's letter was mistakenly sent to Foris DAX, Inc., and that the state constitution only allows for the issuance of two mobile sports betting licenses, with no licenses currently available.Novig, through its exchange operator Ludlow Exchange LLC, filed a lawsuit in the Eastern District Court, requesting a preliminary and permanent injunction to maintain the status quo while the Eighth Circuit Court of Appeals hears the related case in Iowa regarding Kalshi. Among the six companies that received cease-and-desist orders, four, including Kalshi and Polymarket, have not yet followed up with lawsuits.

According to Ai Yi's monitoring, in the past month, ZEC has retraced more than 24%, but trader solanadoomer (@Boomer) still maintains a long position and has now become the fourth largest long holder of ZEC.He has gone long on 10,000 ZEC with 10x leverage, with a position value of approximately 11.36 million USD, an opening average price of 1146.86 USD, and a current unrealized loss of about 85,000 USD; at the same time, he has also gone long on 2,000 ETH with 25x leverage, with a position value of approximately 4.82 million USD, an opening average price of 2376.18 USD, and a current unrealized gain of about 68,000 USD.

According to Hong Kong media HK01, Hong Kong BBB Group (Chinese name: Hao Hao Hao Group) claims to invest in the agarwood industry in Malaysia and sell over-the-counter stocks and digital assets, suspected to be a scam. The company states that it will convert OTC stocks into "digital asset" cryptocurrency by February 2027 or earlier.It is reported that the Hong Kong police have received reports from 21 individuals, involving an investment project amounting to 14 million Hong Kong dollars. The Commercial Crime Bureau is investigating for "conspiracy to defraud," and so far, four people have been arrested. Additionally, according to the Hong Kong Securities and Futures Commission's official website, "Malaysia Agarwood Plantation Investment, Agarwood Tree Program, Agarwood Potted Trees, APT4" have been listed as suspicious investment products.

As Trump's tariff policy restricts foreign steel supplies, U.S. steel prices have risen to their highest level in over four years, with hot-rolled coil prices increasing by 52%, reaching $1,255 per short ton. This move has boosted the profits of domestic steel producers but raised costs for manufacturers.