pear

BNB Standard Corporation (BNC) announced that the company has rung the opening bell at Nasdaq. Binance founder Changpeng Zhao attended the bell-ringing ceremony along with BNC CEO Odagi, the company's board of directors, and management team, as well as representatives from YZi Labs and BNB Chain.Today's ringing of the Nasdaq opening bell is primarily to celebrate the company's name change and the new management team taking office.

According to Israeli media TheMarker on October 25, the AI mining project Pearl (PRL) has raised a total of $130 million from the Israeli research laboratory Pearl Research Labs, of which $55 million is equity financing and $75 million is for a GPU infrastructure fund. Investors include Lightspeed, Ribbit, and Square Peg.The report pointed out that the token has increased by approximately 520% within three months since its launch at the end of April, with its circulating market value once rising to $710 million, and its "AI version of Bitcoin" narrative has attracted market attention. However, the report also raised concerns that the company has not fully disclosed the details of the financing and the operational structure of the GPU infrastructure fund, leading to questions about transparency.

According to market data, Pearl (PEARL) is currently priced at $2.21, up 12.1% in the last 24 hours, with a market capitalization of approximately $776 million and a 24-hour trading volume of about $9.93 million, with a circulating supply of 352 million tokens. Over the past 30 days, the token has increased by a total of 138.8%. Previously, Kraken has included PEARL in its roadmap.

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.

On-chain data analyst XWIN cited CryptoQuant data indicating that Bitcoin's current on-chain data is showing a significant divergence between whale behavior and the spot market. Although large holders have begun to accumulate again, demand in the spot market remains weak, and the market is transitioning from "seller exhaustion" to a potential bottom. XWIN stated that on-chain data shows positive accumulation signals. Holders of 1,000 to 10,000 Bitcoins have significantly reversed their 60-day net accumulation from negative 62,600 to positive 5,230, indicating that major whales are shifting from a distribution model back to accumulation.At the same time, the USDT reserves on the Binance trading platform have surged from about 790 million USD to 1.76 billion USD, suggesting that potential buying power in the market is increasing. However, spot buying in the U.S. has not kept pace. The Coinbase premium index is currently around -0.1416%, and weekly trading platform flow has turned into a net inflow of 8,428 BTC. Additionally, the short-term holder spent output profit ratio (STH-SOPR) hovers around 0.9982, indicating that short-term holders are still experiencing slight losses near the breakeven point and are choosing to sell.Analysts believe that while the underlying structure is improving, stronger spot demand is still urgently needed to spark a sustainable rebound. They suggest that investors focus on three key signals in the future: the trend of the Coinbase premium index, changes in exchange net flow, and whether the STH-SOPR can successfully rise above the 1 mark.

According to GMGN market data, PEARL has broken through $2, currently reported at $2.01, with a 24-hour increase of over 5%, and a cumulative increase of 82.2% in the past month, with a current market value of approximately $702 million. Previously, Coinbase announced that Pearl (PEARL) would be included in its listing roadmap.It is reported that Pearl is an independent public chain launched in April 2026, positioned as "AI version of Bitcoin," executing large model matrix calculations through GPU, allowing miners to provide verifiable AI computing services while participating in block production, with a total token supply of approximately 2.1 billion.

Coinbase Assets posted on X that today they have added Axis Labs (AXIS), Pearl (PEARL), and Stable (STABLE) to the asset roadmap.

Last week, U.S. tech stocks experienced a significant pullback, with the Nasdaq dropping over 4% for the week. The market is digesting stronger-than-expected inflation data while reassessing the narrative that "the economy cannot be crushed." The Federal Reserve has entered its quiet period ahead of the FOMC meeting on October 28, with officials absent from public statements. This week, more attention will be on the earnings reports of tech giants and economic data, with Meta and Tesla set to announce their results, and the semiconductor and storage sectors also entering their earnings disclosure window.On the geopolitical front, Trump has suspended the full sanctions and tariff enforcement against Russia and set a roughly 60-day assessment window. Disruptions in shipping through the Strait of Hormuz and escalating risks in the Middle East continue to support oil price premiums. On the agenda, the Nvidia GTC Berlin conference opens on Tuesday and runs until the 22nd; on Wednesday, the U.S. will release API and EIA crude oil inventory data for the week ending October 16. In the evening, Beijing time, Nvidia CEO Jensen Huang will deliver a keynote speech, followed by earnings reports from Meta, Tesla, IBM, and Lam Research after the market closes.On Thursday, the U.S. will announce initial jobless claims for the week ending October 17. Before the market opens, Nokia will release its earnings report, and after the market closes, Western Digital and MaxLinear will announce their earnings. On Friday, the U.S. will release the preliminary values for the October S&P Global Manufacturing and Services PMIs, as well as the final value of the University of Michigan Consumer Confidence Index and the final value of one-year inflation expectations. On the same day, Japan will also release its September CPI and preliminary values for the October composite, manufacturing, and services PMIs, allowing the market to observe the price situation ahead of the Bank of Japan's decision on October 30.

On October 15, a staff member from the public relations department of CK Hutchison Holdings told reporters that Li Ka-shing currently has no plans to make a public appearance to respond. Recently, rumors circulating online claiming "Li Ka-shing has passed away" have attracted attention.CK Hutchison Holdings issued a statement on the same day, stating that the related rumors are completely unfounded. The accompanying image in the report is a recent photo of Li Ka-shing published by the Li Ka-shing Foundation in May, and the text also includes the statement issued by CK Hutchison Holdings regarding the death rumors and a stern statement from the Ta Kung Pao.

Early-stage venture capital firm Pear VC co-founder Pejman Nozad announced the fifth fund, Pear Fund V, with Mar on October 14, 2026, with a scale of $333 million, bringing Pear's managed assets to over $1.1 billion. Arash Afrakhteh, Ajay Kamat, and Shravan Reddy were appointed as general partners at the same time. The two discussed founding a venture capital firm about 13 years ago at Coupa Café in Palo Alto, believing in meeting founders before they are recognized as exceptional by the outside world.Pear has supported DoorDash, Gusto, Guardant Health, Vanta, and Listen Labs, seeing thousands of opportunities each year through pre-seed and seed-stage businesses, and has built PearX, university programs, hackathons, a founder community, two studios, an engineering team, and a founder services team. Arash Afrakhteh joined in 2020, investing in enterprise and B2B, covering artificial intelligence, machine learning, cloud, and data infrastructure, and co-founded Cariden Technologies, which was acquired by Cisco in 2012.Ajay Kamat joined in 2015, investing in consumer, fintech, and healthcare, and co-founded Wedding Party, serving as CEO. The company was supported by Pear and later acquired by Instacart.

On-chain analyst Murphy stated that as of October 11, the current cycle's new Bitcoin buyers (First Buyers, FB) have accumulated 4.27 million coins, returning to levels seen in mid-August 2023. Compared to before the market started in August this year, new buyers have increased their holdings by approximately 400,000 BTC over the past two months, accounting for about 2% of the total circulation, with an average monthly increase of about 200,000 coins.In contrast, from January to August 2023, new buyers accumulated approximately 340,000 BTC over about seven months. Murphy pointed out that the current BTC price is about 2.6 times that of the same period in 2023, indicating that the capital required for new buyers to increase their holdings this round is significantly higher than in the previous cycle, reflecting stronger new demand. Additionally, the market in September saw the emergence of new momentum buyers (Momentum Buyers, MB) for the first time since January this year, which are investors who continue to increase their positions above their own cost basis. Murphy believes that the appearance of such buyers helps to enhance market confidence and drive upward trends, whereas significant increases in momentum buyers are usually rare during bear market rebounds.

According to Wu's Blockchain report, the /coins/perps interface of the Pump.fun front-end API has displayed data related to Hyperliquid perpetual contracts, covering cryptocurrency assets such as BTC, ETH, SOL, as well as stock and commodity contracts like Nvidia, Tesla, gold, and crude oil.The interface returns information including contract prices, funding rates, open interest, 24-hour trading volume, and maximum leverage, with some assets coming from the Hyperliquid HIP-3 market. Wu stated that it is currently unclear whether Pump.fun plans to launch perpetual contract trading features, and the official has not yet announced related product plans.

WEEX Exchange announced that the platform will appear as a platinum sponsor at TOKEN2049 Singapore 2026 from October 7 to 8, marking WEEX's third consecutive year participating in this top industry event. At the event, WEEX showcased its AI Trading features and set up interactive experiences such as the Trading MBTI trading personality test; during the live broadcast segment, they connected with the Dubai team to introduce the Trading House plan aimed at traders and content creators. In addition, WEEX collaborated with the Pudgy Penguins community to launch TOKEN2049 limited co-branded merchandise and participated in hosting the "Inside the Igloo" community event.

Four-time F1 World Champion and Red Bull Racing driver Max Verstappen participated in a roundtable discussion on the main stage of TOKEN2049 in Singapore. Following this, at the invitation of Gate, he joined platform founder and CEO Dr. Han and teammate Isack Hadjar for an exclusive handprint ceremony. Previously, Max Verstappen engaged with the guests on topics related to racing performance, on-the-spot adjustments, and competition. The subsequent handprint ceremony extended the stage interaction to the Gate on-site event, becoming a special memento left by the three during TOKEN2049. After the handprint ceremony, Max Verstappen and Isack Hadjar also went to the Gate Lounge to participate in a driver meet-and-greet, where they signed autographs, took photos, and interacted with guests.As the official sponsor of the F1 Red Bull Racing team, Gate continues to bring top-tier racing culture into the Web3 industry through various forms such as stage discussions, handprint commemorations, booth interactions, and driver meet-and-greets. This handprint ceremony also became a special segment in the series of interactions between Gate and the F1 Red Bull Racing team during TOKEN2049. Gate will leverage this collaboration to further expand the connection between digital assets and global sports as well as mainstream culture.

On the evening of October 6, HTX DAO's "Night of the Future" was held in Singapore. HTX DAO core supporter Sun Yuchen stated via video that the cryptocurrency industry is deepening its connection with traditional finance, promoting the continuous digitization of global financial infrastructure; AI is changing the way wealth is created, while Crypto and digital finance are altering the ways wealth is held and flows.Sun Yuchen pointed out that stablecoins are expected to play a more important role in global payments and settlements, and the on-chain applications of traditional assets such as bonds, funds, and gold will continue to be explored. After AI Agents enter economic activities, there will be further demand for identity, accounts, and independent trading capabilities. He emphasized that the long-term value of technology lies in its transformation into real productivity, and "the free flow of value in the digital world" is the trend he is most concerned about for the next decade, hoping that blockchain will enhance the accessibility, convenience, and efficiency of financial services.This event further strengthened the communication between HTX DAO and global communities and industry builders. HTX Ventures will appear at TOKEN2049 from October 7 to 8, with a booth located at PB5-47&48. From October 6 to 8, HTX DAO will also host several invitation-only events such as reunions and VIP private dinners.