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New York Governor Hochul officially signed a new bill on Wednesday, prohibiting minors from using artificial intelligence chatbots with virtual companion attributes. This is one of the most comprehensive regulatory measures in the United States regarding consumer-grade AI models to date. The bill requires relevant operators, including ChatGPT under OpenAI, to implement reasonable age verification measures, prohibiting the provision of high-risk chatbot features listed in the bill to users under 18 or those whose adulthood has not yet been confirmed.According to the bill, the relevant chatbots are not allowed to output content that may mislead minors into believing they possess life, human attributes, or real emotions. They must not induce adolescents to have the illusion of a mutual emotional, professional consulting, or authoritative guidance relationship, nor can they package generated content as personal opinions. The system is also prohibited from retaining sensitive privacy data related to the mental and physical health of minors. Hochul stated at the signing ceremony that the core goal of the legislation is to sever the emotional binding chain of AI impersonating minors' "friends" or "lovers," protecting the mental and physical health of young people.The children's media advocacy organization Common Sense Media expressed support for the bill, calling it the strictest children's AI safety law in the United States. The tech industry has strongly pushed back, criticizing the overly broad definitions of the provisions and emphasizing that minors should not be deprived of access to cutting-edge learning tools. As of now, companies such as OpenAI and Anthropic have not publicly responded to this.

The DeFi lending protocol Kamino announced the launch of a USDC loan service using Backpack tokenized stocks as collateral. Borrowers can receive up to 40% of the collateral's value.The market will maintain its last stock price outside of U.S. trading hours, which means that during U.S. stock market closures, the collateral valuation of the tokenized stocks will be based on their last transaction price, allowing borrowers to continue lending operations during non-trading hours.

Blockaid stated that it has detected that the Tranche Vault related to Valinor Digital on Avalanche is currently under attack. The attacker is using a flash loan to mint an inflated number of tiered shares, and then redeeming the remaining USDC from the vault.As of the time of posting, the attacker has transferred approximately $1.01 million from the vault through about 2 transactions.

U.S. President Trump stated that he will soon officially ban the term "artificial intelligence (AI)" in all relevant documents.

According to Bitcoin.com, the cyber extortion group Whitearmor claimed on October 26 that it had stolen 15,420,003 account records from the crypto casino Gamdom, with each account containing 146 data fields, and demanded a payment of 15 million dollars in Bitcoin, or else they would expose sensitive customer information.The group has published a JSON sample of about 437KB, containing approximately 100 records as so-called evidence on its ransom website, claiming that the cumulative profits corresponding to these accounts exceed 1 billion dollars, but did not specify how this was calculated. It is reported that the attackers exploited an internal machine account with administrator privileges that had not rotated its credentials for a long time.Previously, Gamdom suffered a hot wallet attack on October 13, with founder Felix Römer admitting losses exceeding 3 million dollars, and blockchain researcher vxdb estimating the stolen amount across multiple networks to be about 4.2 million dollars. After suspending operations, the platform resumed on October 16, stating that user balances were unaffected. Gamdom disputed the scale of 15.4 million accounts but acknowledged that usernames, email addresses, and gambling activity information may have been exposed, while stating that verification documents were not affected.

NEAR Protocol announced support for users to earn SOL rewards through confidential accounts. After users deposit funds into the vault, the vault cannot know their address, and there are no lock-up requirements, allowing for redemption or withdrawal at any time. The related vaults are deployed by Gauntlet on Kamino.

The Blockchain Association, the Crypto Innovation Committee, in conjunction with the Illinois state government, the Digital Chamber of Commerce, and the Illinois Blockchain Association, submitted a joint motion to the Sangamon County Circuit Court, requesting the court to expedite the hearing of two lawsuits against the state's Digital Asset Tax Act. The state government has agreed to issue an injunction to suspend the effectiveness and enforcement of the Digital Asset Tax Act until July 1, 2027.In order to make a ruling on the legality of the tax law as soon as possible, the parties have proposed a timeline for expedited summary judgment submissions: the first round of motions is scheduled to be submitted on November 4, 2026, and all relevant submissions will be completed by January 22, 2027. The parties request the court to hold a hearing between February 8 and February 19, 2027, and request the court to make a ruling by March 1, 2027, to which the state government has no objection. This timeline is subject to court approval.

On Tuesday, the global semiconductor sector faced a massive sell-off, with the decline intensifying. The trigger was Broadcom CEO Hock Tan stating that AI investments have a "casino-like" nature. He mentioned in Singapore on Monday that many investors do not even know what they are investing in and that investors have set extremely high expectations, only to find that it is just like being in a casino.The world's two largest memory chip manufacturers, Samsung Electronics and SK Hynix, saw their stock prices plunge by 8.8% and 9.2% at one point during the morning session, dragging down South Korea's main stock index by 7%. The two companies account for about half of the weight in the Korea Composite Stock Price Index, and their stock prices have cumulatively dropped by about 15% over the past five days. The Taiwan Weighted Stock Index, dominated by chip stocks, fell by 2.5%, with TSMC down 2%; Micron Technology dropped nearly 4% overnight, and the Philadelphia Stock Exchange Semiconductor Index fell by 2.7%.

According to Bloomberg, Hock Tan, CEO of chip company Broadcom, stated at an event in Singapore on Monday that the artificial intelligence craze has attracted a group of investors with strategies similar to gamblers, some of whom have little understanding of what they are betting on. He mentioned that many investors "don't even know what they are investing in," setting extremely high expectations, resulting in a situation that is "almost like being in a casino," and specifically pointed to the investment frenzy driven by a lack of understanding of cutting-edge large language models.As the head of a company that designs key components for global data centers, Tan also questioned whether companies are wasting money on AI projects and the long-term economics of AI labs that are continuously losing money. He noted that ChatGPT developer OpenAI's annualized revenue reached $50 billion in September, indicating a viable model, but it does not guarantee long-term profitability; it is still losing money due to high training costs, and currently only suggests that cutting-edge generative models have significant potential revenue growth.Tan also warned that a lack of capital could become the next constraint on industry growth. The Australia-based data center company Firmus Grid, supported by Nvidia, withdrew its planned $5.5 billion IPO last week. Before Tan's remarks, DBS Group CEO Tan Su Shan stated that after a large amount of investment, the market is re-pricing the risks associated with AI financing.

Phoenix Technology cited a report from Business Insider stating that U.S. President Trump said on Thursday that anyone who does not use his preferred term Superintelligence (SI) will be considered an enemy of the White House. Trump posted on his social media platform that the White House believes anyone using the term Artificial Intelligence (AI) instead of what he calls the more accurate new term Superintelligence is an enemy. The report stated that the White House has begun the process of renaming Artificial Intelligence, with Trump stating that the term Artificial Intelligence implies that the technology is fake.The report also mentioned that at the end of September this year, Trump signed an executive order after meeting with industry leaders at the White House, requiring federal departments and agencies to use Superintelligence and SI instead of Artificial Intelligence and AI in official letters, public communications, websites, and other official communications to the maximum extent permitted by law. This order does not apply to private companies like OpenAI, as the White House does not have the legal authority to enforce it.The report further stated that SpaceX CEO Elon Musk posted on X that he will rename the Artificial Intelligence department SpaceXAI to SpaceXSI. The department was originally named xAI, and in February of this year, SpaceX announced the acquisition of Grok developer xAI, which was renamed SpaceXAI in July. As of Thursday afternoon, its X account still displayed as SpaceXAI. OpenAI CEO Sam Altman denied any renaming plans in an interview with the Politico podcast, stating that the company has been discussing Superintelligence extensively and will continue to do so in the future.

According to on-chain analyst Yu Jin's monitoring, the OG whale pinosaur.eth (0x0F8...605A) transferred 9,618 ETH (worth 24.58 million USD) to Kraken and liquidated it 6 hours ago, making a profit of 24.21 million USD, achieving a return of 65 times.The ETH can be traced back to 7,459 ETH withdrawn from Bitfinex in April 2017, when the price of ETH was 50 USD.

According to CoinDesk, the government of Illinois has reached an agreement with the Digital Chamber of Commerce and the Illinois Blockchain Association to postpone the 0.2% cryptocurrency tax, originally set to take effect on January 1, 2027, by 6 months to July 1, but still requires approval from a state circuit court judge.If the postponement is approved, both parties will temporarily suspend their request for an emergency injunction and continue litigation regarding the compliance, enforceability, and constitutionality of the tax law.

The Illinois Department of Revenue has released the legislative draft details of a 0.2% digital asset transaction tax, clarifying that stablecoins will be considered taxable digital assets, while non-fungible tokens are not subject to taxation. The draft stipulates that DeFi transactions are generally exempt; however, fees paid by users that are deemed "valuable consideration," such as protocol fees for operating or maintaining the platform, may trigger taxation.Only network fees and exchange fees paid to liquidity providers do not trigger this tax. Cross-chain bridging conducted through digital asset brokers and paid with consideration will be regarded as taxable exchange activities. If centralized exchanges charge fees when transferring to self-custody wallets, it may also be subject to taxation. This tax law was approved in June and is set to take effect on January 1, 2027. The Illinois Department of Revenue is seeking public comments on the draft, with a deadline of October 30.

The tokenized asset data platform RootData has officially reached a strategic cooperation with Coinone, a mainstream cryptocurrency exchange in South Korea. According to the cooperation arrangement, Coinone will access and utilize the data resources provided by RootData to write public research reports, conduct market trend monitoring and research, and systematically review the relevant information of assets listed on the platform.Coinone, established in 2014, is one of the earliest cryptocurrency exchanges in South Korea, with relatively strict internal standards for asset security and information disclosure. This cooperation will further enhance Coinone's capabilities in project information transparency and market analysis, helping it better serve users and comply with regulatory requirements.RootData's collaboration with the South Korean exchange also marks the extension of its data services to more mainstream trading platforms in South Korea. Currently, RootData has established data partnerships with a series of South Korean partners, including TokenPost, Etoday, Nexblock, Tiger Research, and Kimpga, with the total number of data partners exceeding 240.

The Solana ecosystem lending protocol Kamino has launched the sUSDai collateral market. This market is planned and operated by Allez Labs, and sUSDai is an asset linked to GPU loans.In this market, sUSDai holders can collateralize assets to borrow USDC, with a maximum loan-to-value ratio of 80%. Liquidation will be triggered when the collateralization ratio rises to 85%.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Counter-Strike: Luminosity vs 3DMAX - Logitech G Play Connect Playoffs," the "Luminosity" option in the sub-market "Map 1 Rounds Handicap: Luminosity (-3.5) vs 3DMAX (+3.5)" has experienced significant fluctuations in winning probability, rising from 34.5% an hour ago to the current 49.5% (a fluctuation of 15%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the market prediction event "Counter-Strike: B8 vs Luminosity - Logitech G Play Connect Playoffs" on Polymarket, the "B8" option in the sub-market "Map Handicap: B8 (-1.5) vs Luminosity (+1.5)" has experienced a dramatic fluctuation in winning probability, soaring from 35.5% an hour ago to the current 70% (a fluctuation of 34.5%). Please note the impact of related breaking news.

The Solana lending protocol Kamino announced the appointment of Michael Weisz (@WeiszM) as the new CEO.Kamino stated that Weisz has over twenty years of experience in fintech and private markets, and will lead the company into the next phase of institutional growth while expanding into the U.S. market.

According to Politico, U.S. Senate Minority Leader Chuck Schumer arranged a Democratic caucus meeting to discuss the Clarity Act on Sunday evening.The landmark cryptocurrency bill will face a Senate vote on Tuesday.