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The BNB Chain execution-oriented Rollup project Matrix announced that it has received additional Series B funding from Shima Capital and Delphi Ventures, bringing the total amount of this round of financing to 8.5 million USD. Previously participating institutions in this round include ParaFi Capital, Tribe Capital, Point72 Ventures, CMT Digital, Lightspeed Faction, BITKRAFT Ventures, and Makers Fund.The funds from this round will continue to be used to advance the mainnet launch, the construction of the ZK validity proof system, and the Stage 2 decentralization process. Matrix is built on the Facet technology stack and is adapted to the BNB Chain PoSA consensus, with no centralized sequencer and no administrative privileges; the transaction order is directly determined by the BNB Chain. The official claim is that it can effectively increase the throughput of the BNB ecosystem by 3 to 5 times. Currently, Matrix testnet Phase 1 has been launched.

Alphabet (GOOG.O) CEO Sundar Pichai stated that the company is developing a streamlined version of Gemini 4 Carbon for over 1 billion users.

Alphabet (GOOG.O) attributed a loss of $8.2 billion in other income to the decline in SpaceX's stock price.

Alphabet executives stated that research and development expenses increased by 36%, primarily driven by AI talent recruitment and depreciation.

Alphabet (GOOG.O) executives stated that spending by Gemini enterprise customers has increased more than three times year-on-year.

Alphabet (GOOG.O) executives stated that they are expanding AI-based advertising to international markets.

In Q3 2026, Alphabet's Google Cloud business revenue was $30.71 billion, while the market expectation was $29.566 billion.

Alphabet's revenue for the third quarter of 2026 was $127.58 billion, compared to $102.346 billion in the same period last year, with market expectations of $128.175 billion.

Alphabet, Google's parent company, will announce its earnings report after the market closes on October 28. The revenue forecast for the third quarter of fiscal year 2026 is $127.833 billion, expected to grow by 24.9% year-over-year; the net profit forecast is $37.334 billion, expected to grow by 6.73% year-over-year. Key points of interest include the growth rate of the cloud business, the volume of TPU external supply, the capital expenditure guidance for 2027, and the negative pressure on free cash flow.JPMorgan has raised its year-over-year growth forecast for cloud business revenue from 88% to 100%. Deutsche Bank believes that the growth of search revenue in the third quarter will be relatively healthy. HSBC Research predicts an operating profit margin of 44.5%, higher than market expectations, with GAAP EBITDA expected to grow by 35% year-over-year.

According to CoinDesk, U.S. Treasury Secretary Scott Bessent stated at the Ripple Swell conference that digital assets can help reinforce the global dominance of the U.S. dollar. Bessent noted that historically, the strength of the world's reserve currency came from military power, but it is increasingly shifting towards technological leadership. The U.S. will maintain its military umbrella, but the technological umbrella is becoming more important. He believes that the U.S. will win in the digital asset technology stack, which will continue to solidify the dollar's position.Bessent stated that over 90% of stablecoins are backed by the U.S. dollar, and issuers often hold U.S. Treasury bonds as reserves. As adoption grows, the demand for such assets may rise, becoming a new source of financing for the federal government. He believes that stablecoins will open up new global markets rather than merely replacing existing dollars. Regarding the failure of the Clarity Act, Bessent expressed disappointment, but noted that the Treasury can work with the SEC and CFTC to advance regulation through institutional action. He also mentioned that regulatory best practices and safeguards can prevent crypto companies from being de-banked.

AI Physical Superintelligence (PSI) announced new progress on five long-standing unresolved quantum information problems, leveraging models such as GPT-6 Astra and Claude, and has published papers, proof codes, and verification materials. During the research process, physicists were responsible for guidance and verification, while the relevant models participated in the derivation. The team also had AI Agents from Codex and Claude Code write Lean formal proofs, which were checked by computers to verify the validity of the reasoning.One of the studies demonstrated that in a specific quantum field, quantum entanglement still exists even when two regions are far apart, but once the distance exceeds a certain range, non-local correlations can no longer be tested using the CHSH Bell inequality. Another study proved that a certain type of quantum operation, when performed sufficiently many times, will inevitably destroy entanglement. These five results do not completely resolve the original problems; some conclusions only apply under specific conditions, and there are still unresolved issues.

US licensed brokerage and tokenized stock infrastructure service provider Alpaca tweeted that its entity Alpaca Clearing & Custody ME Ltd (Alpaca Middle East) has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) for its financial services license application.After obtaining the financial services license, Alpaca Middle East plans to provide brokerage services and virtual asset custody services within the scope of the final approval from the FSRA. Alpaca stated that in-principle approval is not equivalent to a financial services license, and Alpaca Middle East is not permitted to conduct regulated activities within or from the ADGM until the relevant license is obtained.

According to the official announcement, the Gate event market has officially launched a macro market special page, focusing on core topics such as the Federal Reserve's interest rate decisions, inflation, employment, economic growth, U.S. Treasury yields, and economic recession, displaying event probabilities, trading volumes, and market expectations through a visual dashboard. Users can experience related features by updating the Gate App to version v8.41 or above.In the special page, the Federal Reserve interest rate decision module provides a countdown to future interest rate events and displays the probability distribution of options such as rate hikes, rate cuts, and maintaining the current rate; core CPI, core PCE, non-farm employment, and unemployment rates are presented through indicator cards showing the latest forecast results. The GDP module displays the probabilities of different growth ranges, the U.S. Treasury module covers yields for 5-year, 10-year, and 30-year bonds, and the recession module presents market probabilities through a dashboard. The page supports dynamic updates of related event probabilities, and users can also enter event details to view key events and related news.As a centralized trading platform that is the first to layout the event market, Gate's upgrade further integrates macroeconomic information, enhancing the market expectation observation experience. In the future, the platform will continue to enrich the coverage of events, deepen the connection between market data, information, and event trading, and improve the one-stop event market service system.

According to Gate market data, the Philadelphia Semiconductor Index rose by 0.5% after a drop of 6.7% in the previous trading day.

The official account of Alibaba Cloud stated that the large model company Step Star has globally released its flagship open-source model Step 5 Preview, positioned as a primary working model for real-world intelligent agent tasks, excelling in AI programming, software engineering, professional knowledge work, and financial scenarios. The model has a total of 600 billion parameters and 27 billion active parameters, utilizing sparse MoE, with a maximum context window of 1 million, capable of processing text, images, and videos. The article mentions that it recently ranked second globally in both weekly and daily call volume on OpenRouter. On the day of the release, Alibaba Cloud announced the completion of DAY0 adaptation, optimized for joint inference based on chips, super node instances, and models, with inference computing power provided by the Lingjun super node.Step Star has developed its own intelligent agent reinforcement learning training platform, with the sandbox platform managed by Alibaba Cloud. The solution is based on Alibaba Cloud's Agent Sandbox and Kubernetes container service, aimed at elastic computing power in training mode, claiming to create tens of thousands of sandboxes in a single minute, with a maximum concurrency of up to one million, compatible with E2B API, and providing native Kubernetes interfaces. Through multi-level image caching, intelligent pre-scheduling, and control link optimization, it achieves millisecond-level application and minute-level creation of 30,000 sandboxes, with the sandbox lifecycle uniformly managed by Alibaba Cloud's backend.In terms of storage, each Pod starts with 15GB of free temporary storage, automatically increasing by 30GB each time when usage exceeds 70%, up to a maximum of 300GB. For security, MicroVM-level isolation is adopted by default, covering computing, networking, storage, and permissions, with zero-trust access to cloud products and large model interfaces. The results provided in the article include: a 90% reduction in image startup time, model evaluation cycles compressed from weekly to daily, and an average savings of about 40% on EBS storage costs; relying on ACK One Fleet, it can support the stable operation of hundreds of thousands of sandboxes simultaneously.

According to the Financial Times, as the artificial intelligence hype cools down, the California Public Employees' Retirement System (CalPERS) has decided to withdraw from large tech stocks.

Nasdaq-listed company Alpha Modus announced that it acquired 3,170 Bitcoins through a share swap, valued at over $250 million, thereby expanding the company's Bitcoin holdings.The company exchanged 51.6 million shares of stock and corresponding warrants for the aforementioned Bitcoins. This transaction expanded Alpha Modus's asset base but simultaneously diluted the equity of existing shareholders.

The Zurich-based robotics startup Enact Intelligence announced the completion of a $30 million Pre-seed funding round, with investors including Redalpine, Notion Capital, and Firstminute Capital. This is the largest Pre-seed funding round in Switzerland's history. Yann LeCun and Mistral co-founder Arthur Mensch also participated in the support.The company was co-founded by former employees of 1X and Physical Intelligence, aiming to address one of the biggest bottlenecks in the robotics field.

Solana's largest network upgrade since 2020, Alpenglow, officially launched on Wednesday. This upgrade moves validator voting from on-chain to off-chain, packaging votes into certificates that can lock transactions within one to two rounds, aiming to reduce the final confirmation time for transactions from about 6 seconds to approximately 150 milliseconds, speeding it up by about 40 times. If this goal is achieved on the mainnet, Solana's transaction settlement speed will be faster than the blink of an eye, bringing it closer to the trading and payment experience of centralized exchanges.Currently, a 6-second confirmation time means that prices may change before the transaction is locked, causing exchanges and payment applications to wait before considering deposits as complete. In comparison, Ethereum takes about 13 minutes to achieve full final confirmation. At the same time, validator costs are expected to decrease by about 60%: currently, validators spend about 2 SOL daily on voting fees, which doubled after Solana recently reduced block time to about 200 milliseconds; Alpenglow eliminates voting fees, replacing them with a fixed validator entry fee of 0.8 SOL per epoch (approximately 24 hours).The upgrade launch process was not smooth. The testnet has been cleared and restarted from scratch six times since its launch in early May, with one migration failing across the entire network and having to be rolled back. According to an article published by Galaxy Digital, one of about 100 validator operators on the testnet, a subsequent migration was successfully completed, clearing the way for Wednesday's launch. Since these events occurred on a network built specifically for testing, there was no risk to real funds. The upgrade was scheduled to switch at the start of epoch 1064 on Wednesday, with actual changes occurring at slot 459,653,000 after a transition of 5,000 slots.