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According to a report from the Beijing Daily client, the Market Supervision Administration of Haidian District, Beijing, investigated and handled the city's first illegal case of assisting pyramid schemes using blockchain and virtual currency technology, resulting in a technology company being fined and confiscated a total of over 930,000 yuan.The technology company involved is an outsourcing service provider for a certain public blockchain, offering support such as operations, market services, publicity and promotion, exchange docking, and maintenance. This public blockchain launched the "Atomic Plan" and "Hathaway Plan," which are centered around recruiting people for rebates, using the number of recruited individuals as the basis for rebates, and requiring participants to invest funds to obtain membership qualifications. Despite being aware of the pyramid scheme applications associated with this public blockchain, the involved company continued to provide technical operations, external publicity, and maintenance of virtual currency trading channels, facilitating the flow of funds and the spread of activities related to the pyramid scheme.Ultimately, the pyramid scheme activities of this public blockchain were investigated by public security authorities, the organizers were criminally detained, and the involved technology company was administratively punished with a total fine and confiscation of over 930,000 yuan for providing facilitative conditions.

According to Pendle monitoring, the scale of STRCx on Pendle has surpassed 50 million dollars and set a historical record.Pendle currently holds about 30% of the total supply of STRCx, which is the largest tokenized equity asset in DeFi.

On October 28, the payment network Visa released its performance for fiscal year 2026 and the fourth fiscal quarter. The fiscal year 2026 spans from October 1, 2025, to September 30, 2026, and the fourth fiscal quarter spans from July 1, 2026, to September 30, 2026.In fiscal year 2026, Visa's total operating revenue was $45.903 billion, a year-on-year increase of 15%; operating profit was $28.11 billion, a year-on-year increase of 17.15%; the operating profit margin was 61.24%, an increase of 1.25 percentage points year-on-year. The net profit attributable to the parent company was $23.504 billion, a year-on-year increase of 17%; operating cash flow was $23.728 billion. Basic earnings per share were $12.34, diluted earnings per share were $12.32, a year-on-year increase of 21%; the debt-to-equity ratio was 61.73%.In the fourth fiscal quarter, Visa's total operating revenue was $12.139 billion, a year-on-year increase of 13% and a quarter-on-quarter increase of 4.35%; operating profit was $7.262 billion, a year-on-year increase of 18.12%; the operating profit margin was 59.83%, an increase of 2.5 percentage points year-on-year. The net profit attributable to the parent company was $6.002 billion, a year-on-year increase of 18% and a quarter-on-quarter increase of 6.65%; both basic and diluted earnings per share were $3.19, a year-on-year increase of 22%; the debt-to-equity ratio was 61.73%.

According to informed sources, in response to market skepticism, Josh Payne, founder and CEO of Nscale, an AI data center developer transformed from a Bitcoin mining company, stated that the company will continue to advance its IPO as planned, with a target valuation of $30 billion. In a recent internal memo to employees, he mentioned that Nscale has an "insatiable" market demand and a "robust capital structure," and stated that "data speaks louder than words."Reports indicate that the AI infrastructure industry is under pressure as Nscale approaches its IPO. The company claims to have signed contracts worth $103 billion, but as of August 2026, it has only delivered 55 megawatts of computing power, while potential contract demand corresponds to a capacity of 10 gigawatts. Its data center projects are also facing delays, safety violations, and operational challenges, with Microsoft recently withdrawing from one of its data center projects in the UK.

According to Bloomberg, during the intense fluctuations in international oil prices in early March, a trader allegedly influenced prices on the decentralized derivatives platform Hyperliquid through two accounts, using oil-related crypto derivatives.According to an analysis provided to Bloomberg by blockchain monitoring company Solidus Labs, the trader placed over $170 million in abnormal orders, and Solidus believes their behavior is suspected to be a form of spoofing price manipulation.

Oracle expects its free cash flow for the fiscal year ending May 2029 to reach $30 billion, far exceeding market expectations.The company also anticipates that the total capacity of data centers will exceed 10 gigawatts by the end of fiscal year 2028, and it will gradually reduce capital expenditures starting in fiscal year 2029.Oracle's stock price rose more than 13% during intraday trading.

The park is operated by ACS and has signed a 10-year master service agreement with a new cloud service provider in California, initially providing 20 megawatts of critical AI computing capacity. The client has two options for five-year renewals and holds a preferential offer for an additional 32 megawatts of capacity, with a total capacity of up to 52 megawatts.The company expects the first batch of 10 megawatts of capacity to be powered on in December 2026 and begin generating revenue.

At the Decoding China 2026 event, Huawei announced the introduction of the time compression concept of the "Tao (τ) Law" into base station product design for the first time, summarizing the challenges faced by traditional basebands within a single TTI as "endless calculations and incomplete transmissions."At the same time, Huawei released the OSCAR intelligent channel processing solution and the new generation UBBPi baseband series, providing a collaborative solution direction for the constraints of computation and transmission within a single TTI.

According to Scam Sniffer monitoring, a user suffered an address poisoning attack, resulting in a loss of approximately 50,000 USD in assets.

Chainalysis released a report on cryptocurrency adoption in the Middle East and North Africa, showing that from July 2025 to June 2026, the scale of cryptocurrency activity in the UAE grew by 32% year-on-year to $10.48 billion, ranking second in the region, only behind Turkey's $14.45 billion.This scale measures the asset value flowing into cryptocurrency service providers and peer-to-peer channels, rather than the market value of asset holdings. During the same period, the overall scale in the Middle East and North Africa decreased by 1.4% to $44.33 billion; excluding the UAE, the decline in other markets was 8.6%. The inflow of funds into centralized exchanges in the UAE increased by 22% to $5.5 billion, while inflows into institutional platforms such as custodians and market makers grew by 75% to $1.17 billion.

According to Tencent news, on October 27, Tencent's cross-border payment platform TenPay Global reached a cooperation with South Korea's Samsung Wallet and Woori Bank to jointly promote the interconnectivity of cross-border QR code payments.After South Korean users come to China, they can use the Samsung Wallet Money e-wallet within Samsung Wallet to scan the WeChat Pay collection code or show the payment code to merchants, allowing them to spend at tens of millions of WeChat Pay merchants within China.

NVIDIA (NVDA.O) and Meta will expand the deployment scale of NVIDIA Vera Rubin, Vera CPU, Spectrum-X, and BlueField-4.

Meta Platforms (META.O) has increased the issuance scale of common stock from the previously announced 22.5 billion dollars to 25 billion dollars.

Asset management company Grayscale reported that the privacy cryptocurrency Zcash celebrates its tenth anniversary this week. The report states that Zcash's ability to continuously innovate partly stems from allocating 20% of block rewards for developer funding, with the protocol evolving from the Sprout pool to Sapling and Orchard.Launched in 2026, the Ironwood pool adds quantum-resistant addresses and formal verification to address code vulnerabilities. Grayscale expressed hope and expectation that Zcash will continue to expand transaction capacity and prepare for post-quantum era and AI-driven cybersecurity risks, which may require ongoing funding from multiple parties and efficient allocation.

Seoul police arrested 7 suspects accused of using generative AI to launch hacking attacks. The Seoul Metropolitan Police Agency stated that about 90 organizations were involved, collectively stealing 8.2 million records, marking the first large-scale arrest of suspects in AI-assisted hacking attacks in South Korea. The targeted victims included hospitals, universities, private tutoring centers, golf courses, and subsidiaries of large corporate groups, all of which held a significant amount of personal information, including names, contact details, and records of ordinary citizens. One funeral service company lost 1.22 million records, and reports indicated that the tutoring center's data also contained information on minors.According to local media reports, the main suspect, 32 years old, studied arts and sports and has no IT background. He told investigators that he self-taught hacking techniques through YouTube and online blogs, while police pointed out that he had worked in a security company conducting simulated attacks from 2019 to 2022. He initially used website vulnerability scanning tools and later introduced AI coding proxies and an automated penetration testing system called Artex at the end of August. Police stated that he hacked into 60 companies over a span of 44 days from August 31 to October 13.The entire attack operation lasted about 13 months, from September 2025 to this October, and the case was filed in June after a victim reported it. Police indicated that such a large-scale attack previously required a hacker group to accomplish, but AI now allows one person to achieve this in a short time. The suspect sent emails to 38 victims, collectively extorting 360 million Korean won, approximately 272,000 US dollars, but the only confirmed payment was 300,000 won, about 210 dollars. The main suspect was detained and transferred to prosecutors last Friday, facing charges of violating South Korea's Information and Communication Network Act, as well as extortion and attempted extortion. Police will continue to investigate the other 6 accomplices and confirm more victims, with 15 institutions already reporting damages.

The People's Bank of China Open Market Operations Office announced the establishment of a non-bank large redemption swap facility in the bond market, referred to as BNSF. The announcement stated that this move aims to implement a scientifically sound and robust monetary policy system and a comprehensive macro-prudential management system to maintain stability in the bond market. The relevant document is the People's Bank of China Open Market Operations Announcement [2026] No. 12.According to the announcement, in specific scenarios where asset management institutions face systemic liquidity risks and the bond market experiences systemic pressure, support will be provided to bank wealth management subsidiaries, public fund managers, or corresponding parent banks, securities parent companies, etc., to borrow central bank bills from the People's Bank of China for market repurchase financing, in order to purchase eligible bonds or product shares of public products that are being redeemed by their own company or asset management subsidiaries, and to pledge to the People's Bank of China. Participating institutions must continuously meet the requirements of prudent management in the financial market and maintain market discipline.

According to Bitcoin News, researchers claim that Tailscale has a serious vulnerability, where users with approved access can exploit its built-in SSH to gain root access to devices, and the attack may spread to other devices on the network.Users running nodes with Tailscale should disable Tailscale SSH and update promptly after the patch is released. Tailscale has not yet responded.

According to Bloomberg, the United States is increasing deployments in preparation for a possible resumption of military strikes against Iran. Trump has repeatedly hinted that U.S. forces may resume strikes against Iran after the November 3 midterm elections and has sent a third aircraft carrier strike group and an additional 10,000 sailors and Marines toward the Persian Gulf to provide commanders with more options, although the exact timing remains uncertain.U.S. Secretary of Defense Mark Esper visited Israel this week without prior announcement and met with Netanyahu. Israel will hold elections on October 27. Meanwhile, after Iran-backed Houthi forces expanded the conflict to Saudi Arabia, attacking airports and energy facilities, the U.S. State Department has ordered the evacuation of some diplomatic personnel and their families stationed in Saudi Arabia.A source familiar with Iran's thinking stated that Iran is preparing for a new round of bombings that may occur before and after the U.S. midterm elections and is planning retaliatory actions in the Middle East, including against Israel and the United Arab Emirates. This individual believes that the period from the end of the U.S. elections until the new Congress is sworn in in January will be the most difficult phase, with a way out being to reach an agreement that allows both sides to claim victory. Some officials from Gulf countries are concerned that the intensity of the conflict after its resumption may exceed that before the pause.Recent diplomatic attempts to end the conflict have failed to yield results. Iranian Foreign Minister Mohammad Javad Zarif stated this week that if there is sufficient evidence showing that the U.S. genuinely wishes to reach a fair, dignified, and permanent resolution to end the conflict, Iran is willing to give diplomacy another chance, but he also noted that there is currently not much reason to expect progress.The conflict has disrupted energy transportation in the Persian Gulf, pushing Brent crude oil prices up more than 80% this year and raising U.S. gasoline prices and living costs. A Pew Research Center survey conducted from September 28 to October 4 shows that about two-thirds of Americans disapprove of Trump's handling of the Iran conflict, and about half of respondents expect the war to last more than a year. Reports indicate that concerns over military escalation are once again driving up oil prices and affecting the Republican Party's prospects in the midterm elections.

According to Cointelegraph, approximately 32,380 BTC flowed into exchanges in a single day, worth about 2.6 billion dollars, marking the largest single-day inflow since April of this year.After the last similar peak of Bitcoin inflows, the BTC price peaked within a few weeks. Large-scale inflows into exchanges may indicate increased potential selling pressure, but the transfer of funds does not mean that they have actually been sold, and historical trends do not guarantee that this will happen again.