its

According to Gate market data, the S&P 500 Communication Services Sector Index has reached a new 14-month low, recently dropping by 6.9%.

Sky Frontier Foundation released the Sky Ecosystem Q3 report. This quarter's net income reached 37.19 million USD, a quarter-on-quarter increase of 11.8%, marking the sixth consecutive quarter of positive growth, with the profit margin rising from 31.0% to 37.5%.Total revenue from the protocol was 99.29 million USD, a year-on-year increase of 14.2%, but a decrease of 7.4% compared to the second quarter. Total expenses decreased by 16.0% to 62.10 million USD. The protocol's collateral size was 11.41 billion USD, a year-on-year increase of 25.3%, but a decrease of 7.3% compared to the second quarter. The supply of sUSDS was 4.52 billion USD, a year-on-year increase of 118%, but lower than the 5.52 billion USD in the second quarter. This quarter, 28.47 million USD was transferred to the Sky reserve, with the ending balance of the reserves reaching 85.08 million USD.

PhotonPay, a global fintech company building a next-generation Financial Operating System (Financial OS) with stablecoins at its core, has raised $40 million in Series C funding led by Blockchain Capital, with participation from new investor SBI Group and follow-on investments from existing investors IDG Capital, GL Ventures, and Lightspeed Faction. Blacksheep Technology acted as exclusive financial advisor to PhotonPay on the transaction. The funding will accelerate the expansion of PhotonPay’s multi-asset wallet capabilities across stablecoins and fiat currencies, global card issuing and local clearing infrastructure, while advancing the development of an agent-ready financial execution layer. PhotonPay’s Financial OS connects stablecoin liquidity with traditional financial networks, enabling businesses to manage, move and deploy funds across assets and markets. The company is also advancing agent-ready financial infrastructure to support AI-driven financial workflows and agentic commerce. Founded in Hong Kong in 2015, PhotonPay operates 16 offices worldwide and holds more than 30 payment and financial licenses and authorizations across the Americas, Europe and Asia. The company serves businesses across more than 200 countries and territories.

Due to the detection of increased attempts of network attacks, the Indonesian cryptocurrency exchange Indodax has temporarily suspended user deposits and withdrawals to conduct security assessments and risk mitigation work.The platform stated that currently, user asset security is intact, and no unauthorized withdrawals or data breaches have been detected. The deposit and withdrawal services will resume once the system security is confirmed, and further updates will be released through official channels.

According to CoinDesk, Cathie Wood's ARK Invest purchased approximately $9.1 million worth of Robinhood (HOOD) shares on Wednesday, increasing its holdings by 99,418 shares, distributed among the ARKK, ARKW, and ARKF ETFs.This is ARK's largest purchase of Robinhood shares since April 29, and it is the first increase since September 8.

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.

According to market news, a certain address had a win rate of 98% in 42 rounds of BTC transactions from September 18, 2026, to October 29, 2026. It opened long positions worth approximately 6.4 million dollars between 04:01 and 08:55 and closed long positions worth approximately 15.87 million dollars; during the same period, it reduced its holdings by 116.48847 BTC and currently holds 106.17649 BTC, with a position value of approximately 8.51 million dollars.The weighted average closing price for this BTC long position was approximately 81,273 dollars, and the weighted average opening price was approximately 81,204 dollars. Address: 0xf517639a8872e756ac98d3c65507d2ebc25cc032.

CryptoQuant analyst Axel Adler Jr.'s latest report indicates that the rolling distribution volume of Bitcoin long-term holders (LTH) has decreased by 22% in the past week, showing that the potential selling pressure from long-term holders has eased.However, despite Bitcoin's price remaining above the average cost basis of long-term holders, their unrealized profit margin continues to narrow. Adler points out that the distribution activity of long-term holders has weakened, but the shrinking profit buffer is still worth noting.

According to CoinDesk, Utah has filed criminal charges against the prediction market platform Kalshi (KalshiEX LLC) and its co-founders Tarek Mansour and Luana Lopes Lara, claiming they illegally promoted gambling in the state.The prosecution has brought a total of 14 charges, including 1 felony for alleged ongoing illegal activity, 12 charges for promoting online gambling, and 1 misdemeanor for gambling. The basis for the prosecution is evidence collected by an undercover investigator from the Utah Attorney General's Office.

OpenAI documentation shows that eligible ChatGPT Pro and Business subscriptions can receive free API credits for building applications and agents within their own API organization. The credits are automatically issued based on the subscription, and any unused portion expires at the end of the billing cycle without carrying over; when there are valid free credits, there is no need to bind an API payment method. In terms of monthly credits, Pro's tiers of $100, $200, and $500 correspond to $100, $200, and $500 respectively; Business Standard provides $20 per paid seat, and Business Premium provides $100 per paid seat.The initial issuance is calculated proportionally based on the remaining time in the current subscription billing cycle and expires at the end of that cycle. Business API credits are shared within the workspace, with a monthly cap of $500; annual payment workspaces receive a one-time issuance of the annual credits, which expire at the end of the annual billing cycle. Users must log in to ChatGPT with an eligible subscription account, with Pro credits claimed in Settings under Billing, and Business credits claimed in the workspace billing settings or Admin Console, confirming the API organization receiving the credits.The credits cover the paid usage of associated organizations on the API Platform, including Responses API, Agents API, Decisions API, GPT-Live and Realtime API, Images API, as well as built-in tools and related costs such as web search, document search, and Code Interpreter. Using Codex via API key is not included in the benefits, and the credits will not increase the usage limits for ChatGPT or Codex that is already logged in. Free credits are prioritized over purchased credits; when exhausted and no remaining credits are available, requests will fail with HTTP 429 and error code credit_balance_exhausted.

At the 2026 Intelligent Innovation Day launch event, Peng Zhihui, co-founder, president, and CTO of Intelligent Robotics, announced that the revenue of Intelligent Robotics in the first half of 2026 approached 2 billion yuan. It was disclosed that the cumulative offline deployment of Intelligent General AI Robots reached 20,000 units.

According to TrendForce, Apple's first foldable phone, iPhone Duo, has been available for pre-order for less than a week, and some orders on the official website have already been delayed until January 2027. TrendForce estimates that global shipments of foldable phones will see a slight increase of 0.5% in 2026, with Apple’s first foldable iPhone expected to ship around 5 million units, capturing approximately 24.8% market share in its first year, and Apple's entry will accelerate the redistribution of brand market share.Initial user feedback shows that the split-screen operation and screen experience after unfolding have been positively received, while the black edges of apps, button configuration, and fingerprint unlocking have increased adaptation costs. Reports of screen damage and high repair quotes have shifted the focus to reliability and ownership costs. TrendForce states that the visibility of creases on the iPhone Duo is relatively low, which is related to multi-layer material stress control and nano-texture optical optimization; the droplet-shaped hinge bears dynamic control, and insufficient retreat of the central support can lead to additional contact and stress concentration.Apple has provided replacements for a small number of devices with abnormal inner screens, and subsequent engineering improvements are expected to focus on hinge travel, support height, fitting precision, and assembly tolerances. On the software side, some apps still have black edges and insufficient space utilization, and the large screen has also increased energy consumption management requirements. TrendForce believes that Apple's advantage lies in the integration of chips, systems, and developer ecosystems, with competition shifting from design innovation to multi-tasking efficiency.

The decentralized liquidity staking protocol Diva Staking announced on social media that it will shut down the project and will not launch the mainnet. The official statement said that this decision was made after thorough discussion and apologized to the early stakers who had pre-deposited in the vault, stating that related deposits can be withdrawn through Enzyme without further waiting.The official statement mentioned that the team has been operating for about two and a half years without income or salary since the funds were exhausted in mid-2024, with three members pushing the project forward. Diva went live on the Hoodi testnet earlier this summer and has been running stably for about four months without any issues, but failed to gain support from large institutions for the mainnet launch. The three-member team also could not bear the costs of a new round of audits and mainnet operations, thus choosing to wind down rather than risk launching.The announcement also stated that the demand structure for LST has changed after the Shanghai upgrade. As of the end of June this year, BitMine, Coinbase, and Binance together accounted for about 30% of the total staked ETH, with approximately 11.5%, 10.9%, and 7.9% respectively, which is comparable to the concentration when the market was concerned about Lido's share being close to one-third. The official also congratulated Lido for advancing Simple DVT and opening up to independent stakers.

According to a report by Yicai, driven by rising international oil prices, the energy sector has become the best-performing sector of the S&P 500 index in 2026. As of October 27, the S&P 500 Energy Index has risen approximately 52% year-to-date, reaching a historical high, while the S&P 500 index has increased nearly 13% during the same period. Brent crude oil and WTI crude oil have risen over 70% and nearly 75% year-to-date, respectively, with U.S. energy companies' profits growing over 100% compared to the same period last year.A report from the U.S. Congress Joint Economic Committee shows that U.S. President Trump has seen his personal wealth increase by as much as $35.8 million this year due to holdings in oil and gas stocks, with net holdings in the sector reaching $81.6 million, nearly doubling since the end of 2025. A White House spokesperson stated that his portfolio is independently managed by third-party financial institutions.The report also points out that the surge in oil prices has led to a year-on-year increase of about 40% in the retail cost of regular unleaded gasoline, reaching $4.246 per gallon. Since March 1, U.S. consumers have spent approximately $145 billion more year-on-year on gasoline and diesel, making energy costs a key issue in the midterm elections.

CryptoQuant founder Ki Young Ju stated that the ETF engine has hardly operated this year, with net inflows close to zero from the beginning of the year to now, yet Bitcoin has only dropped 7%. In the context of weak ETF demand while prices remain strong, the likelihood of OG whales or miners selling off in large quantities seems low; those who wanted to sell may have already done so.Ki Young Ju expects that once the uncertainty of the U.S. midterm elections dissipates and ETF capital inflows resume, bullish momentum will return.

Pump.fun announced on October 28 that it will launch Elysium trading in its app on November 9, adding support for this network focused on Hyperliquid to its multi-chain trading business. Pump.fun posted on its official X account stating "Pumpfun App x @Enter_Elysium," and added "Trading starts November 9," with Kinetiq also announcing Pump.fun's entry into Elysium.Elysium is a Layer 2 built by Kinetiq based on Arbitrum Orbit, with transaction settlements occurring in the Hyperliquid smart contract environment HyperEVM, and network fees paid in HYPE. Its mainnet is scheduled to launch on November 9, 2026, coinciding with Pump.fun's trading start date; the chain will be rolled out in phases, with native HyperCore market data access and fast order submission paths expected to be provided in an upgrade approximately four weeks after the mainnet launch. The announcement only mentioned the Pump.fun app and did not disclose plans to migrate the company's Solana Meme coin issuance platform or its liquidity to Elysium.This plan is independent of another Hyperliquid integration announced earlier on the same day. Pump.fun stated that perpetual contract trading is now live within the app, allowing users to go long or short on cryptocurrencies, stocks, and commodities using USDC balances without cross-chain transactions; the service charges a fee of 0.05% per transaction, reduced to 0.04% with a referral code, plus standard Hyperliquid fees. The Elysium announcement did not specify its funding channels and trading fee terms.

According to Bloomberg, as artificial intelligence debt financing accumulates to about $500 billion, the bond giant Pacific Investment Management Company (PIMCO) has reduced some of its largest holdings that helped initiate the financing boom. According to insiders, sometimes PIMCO starts to reduce its positions just a few months after buying.In addition to the approximately $18 billion in Meta-related bonds due in 2025 (at that time, the company became a cornerstone investor in a debt financing deal of about $18 billion, allowing Meta to build a large data center project in Louisiana without burdening its balance sheet), PIMCO's funds have also invested in $10 billion of Oracle-related transactions. Documents show that the company has currently reduced its holdings in both investments by about 50%. PIMCO reduced its positions when the prices of the related bonds were relatively high.

According to The Block, Ripple expects to reach an annualized product revenue run rate of $900 million by the end of 2026, with growth coming from payments, custody, stablecoins, prime brokerage, and capital markets. The number of customers and partners using multiple Ripple products has doubled this year.The Ripple payment network is expected to reach a cumulative transaction volume of nearly $150 billion by the end of the year, with the stablecoin RLUSD's market capitalization reaching $2.6 billion. Financial institutions are utilizing Ripple's infrastructure for tokenized assets and transactions, with related business extending beyond payments and stablecoins.Ripple CEO Brad Garlinghouse stated that traditional finance and digital finance are merging, market infrastructure is moving to a modern track, settlements are shifting to real-time and around the clock, and tokenized assets can be used for trading, financing, and collateral.

According to Arkham monitoring, a wallet associated with Compound co-founder Robert Leshner increased its holdings by 40,000 COMP, worth nearly $900,000, about 1 hour ago through Genesis Trading and another unknown address.As of now, the wallet holds approximately 55,000 COMP, with a total value rising to nearly $1.2 million. Robert Leshner transferred 15,000 COMP to this wallet two years ago, and despite the price of COMP dropping more than 50% at one point over the past two years, the wallet has not sold any.