seek

According to Bloomberg, Solana is trying to shift from a growth model reliant on meme coins and speculative trading to more mainstream financial applications such as stablecoins and tokenized assets, in order to attract adoption from Wall Street institutions. Currently, financial institutions such as JPMorgan, Morgan Stanley, and Standard Chartered, as well as payment networks like Visa and Fiserv, have already started related businesses on this network.However, with the cryptocurrency market in a slump and competitors like Hyperliquid rising, Solana faces challenges in transforming its growth model. Data shows that SOL has dropped nearly 20% this year, and U.S.-listed spot and staking SOL ETFs have recorded outflows for two consecutive weeks this month, totaling about $50 million. Meanwhile, Solana's share of on-chain perpetual contract trading volume has decreased from 17% to 6%.

Galaxy Research report shows that the share of Meme coins in Solana's trading volume has dropped from over 50% at the end of 2024 to 15% to 20% in the second quarter of 2026. In addition, SOL has seen a decline of nearly 20% this year, and the U.S.-listed spot and staking SOL ETFs have recorded outflows for two consecutive weeks this month, totaling approximately $50 million.Meanwhile, Solana's share in on-chain perpetual contract trading volume has decreased from 17% to 6%. It is reported that the Solana Foundation has issued a statement indicating that Solana's transformation is underway, attempting to shift from a growth model reliant on Meme coins and speculative trading to more mainstream financial applications such as stablecoins and tokenized assets, in order to attract adoption from Wall Street institutions. However, with the cryptocurrency market in a downturn and competitors like Hyperliquid rising, Solana faces challenges in its growth model transformation. Market analysts point out that Solana's future key lies in its ability to attract stable assets, developers, and users, rather than relying solely on speculative trading to drive growth.

LinX HK, an AI recruitment technology brand targeting the Asian market, announced that it has completed a $4 million Pre-A round of financing, with institutional investors including Aipollo and Lingfeng Innovation Fund investing a total of $3 million, and individual investors contributing a total of $1 million. The funds will focus on the product and AI technology development of LinX HK's flagship product, Luminpath.Shuo Shan, co-founder of LinX HK, stated: "This round of financing provides LinX HK with support to further refine our product and technological capabilities. We hope to continue advancing the development of the AI job-seeking agent for Luminpath, helping users discover opportunities more efficiently, understand positions and companies, and face career choices with better preparation."According to reports, LinX HK is an AI recruitment technology brand aimed at the Asian market, with its flagship product being Luminpath. Luminpath is currently in the gray testing phase, providing AI-driven job-seeking support for users in scenarios such as job discovery, resume optimization, customized application materials, and application assistance within authorized scopes.

According to the report by the Science and Technology Innovation Board Daily, citing the Daily Economic News, the latest data from OpenRouter shows that last week (from October 19 to 25), the total call volume of global AI large models was 188 trillion tokens, a month-on-month increase of 14.63%. The top five global call volumes last week were all Chinese AI large models, with DeepSeek V4.1-Flash-1017 ranking first, having a weekly call volume of 33.6 trillion tokens, a month-on-month increase of 801%.Among the models listed during the same period, the weekly call volume of Chinese AI large models was 93.54 trillion tokens, a month-on-month increase of 18.14%; the weekly call volume of American AI large models was 22.47 trillion tokens, a month-on-month increase of 29.44%. The weekly call volume of Chinese large models has exceeded that of the United States for twenty-six consecutive weeks, ranking first in the world.

According to Israeli media i24, Israeli Prime Minister Benjamin Netanyahu is seeking to develop a blockchain-based plan to address potential financial sanctions that Israel may face in the future. Currently, the specific details and implementation plan of the relevant proposal have not been disclosed.

On October 23, B.AI announced the domestic model brand Token weekly ranking from October 16 to 22: DeepSeek continues to lead, with Xiaomi MiMo closely following, with only a difference of 16.54 B Tokens. Xiaomi has seen growth for 4 consecutive weeks, and the platform Token usage ratio has increased by 8.13 percentage points.The competition in the mid-tier is heating up, with MiniMax experiencing a month-on-month increase of over 5,200%, becoming this week's growth dark horse. Qwen saw a month-on-month growth of 80.86%, narrowing the gap with the third-place Zai to 0.18%. Popular model discounts are ongoing: DeepSeek-V4.1-Flash-1017 enjoys a 40% discount, Qwen3.8-Flash enjoys a 20% discount, and GLM-5.3-Flash enjoys a 30% discount. B.AI continues to gather high-quality models, helping developers unlock diverse AI capabilities at low costs. Welcome to log in to b.ai to explore.

According to People's Finance News, regarding DeepSeek's comprehensive open-sourcing of its internally used AI inference framework DeepInfer, Zhou Hongyi, the founder of 360, stated that this reflects a kind of technological confidence and, more importantly, a philosophy of open-source inclusiveness.Zhou Hongyi also mentioned that looking deeper, this indicates that the struggle for technological sovereignty in the AI era has arrived. He revealed that 360 has developed a sovereign AI operating system, which is currently in use in some government and enterprise units.

CCTV's "Yuyuantan Tian" disclosed that after China launched the AI technology export registration management on October 16, DeepSeek and MiniMax have successfully completed their registration and the related technology has been open-sourced and authorized for overseas use.Currently, the new catalog is still open for comments, and a temporary registration system is being implemented. The Ministry of Commerce previously clarified that technologies that have entered the public domain through open-source are not included in the management scope, and there are automatic licensing and other facilitative measures for new technology open-sourcing, which can basically be reported and released immediately. Providing model services overseas through API, web pages, and apps is also not within the scope of this large model technology export management.

According to the "Science and Technology Innovation Board Daily," the artificial intelligence company DeepSeek has introduced multiple industrial and financial investors in its new round of financing, including Legend Holdings' investment platform Junlian Capital, semiconductor-focused Stone Creek Capital, and Geely, among others.At the same time, DeepSeek has hired CITIC Securities to provide advisory services for its IPO and has introduced a new Chief Financial Officer in September this year. Junlian Capital and Lenovo Group are both part of the Legend Holdings system, with Lenovo Group being the core industrial company under Legend Holdings, and Junlian Capital serving as its important investment platform. Junlian Capital's participation in DeepSeek's financing also signifies that capital from the Lenovo system has officially entered DeepSeek's shareholder camp.

According to CoinDesk citing The Paper, Chinese prosecutors are seeking to confiscate over 61,800 bitcoins and other assets related to a fraud case involving more than 40 billion yuan. The case revolves around Qian Zhimin, the actual controller of Tianjin Lantian Ge Rui Electronic Technology. Prosecutors stated that from 2014 to 2017, the company sold unlicensed financial products in China, raising over 40.378 billion yuan from more than 102,000 investors, resulting in nearly 20 billion yuan in losses for investors.The related funds were reportedly used to repay early investors, operate fraudulent investment projects, and purchase bitcoins, real estate, cars, and jewelry, rather than being invested in legitimate businesses. Qian Zhimin fled China in 2017 and settled in the UK. UK authorities have seized his assets, including over 61,800 bitcoins, as well as Bitcoin Cash, Bitcoin Gold, Bitcoin SV, Ripple, Dogecoin, cash, jewelry, and investment holdings.On October 13, the Tianjin Second Intermediate People's Court stated that it has accepted the prosecutors' application to confiscate the aforementioned assets as illegal gains and has initiated a six-month announcement period for victims and stakeholders to participate in the litigation; those who do not participate can still apply for compensation regarding the recovery of assets. Previously, the UK High Court ruled that for the over 61,000 bitcoins seized in the UK, victims claimed that Chinese law should apply rather than UK law. This ruling requires determining whether victims have property rights under Chinese law, and a hearing will be held subsequently, with some victim lawyers seeking to appeal.

According to Bloomberg, DeepSeek raised approximately 100 billion yuan (about 15 billion USD) in its latest round of financing, making it one of the largest financings in China. Insiders said that the company, headquartered in Hangzhou, raised its financing target at least twice during negotiations with investors, first increasing it from 50 billion to 80 billion, and finally reaching the aforementioned amount.CATL and Tencent are among the largest investors in this round. This financing will be used to support DeepSeek's competition globally with American AI companies such as Anthropic and OpenAI.

Artificial intelligence infrastructure startup Fireworks AI is seeking a new round of financing, with a target valuation of $30 billion to $40 billion. A few months ago, the company's valuation was $17.5 billion. Fireworks AI offers "specialized intelligence" services, with an annual revenue exceeding $1 billion, processing over 400 trillion tokens daily.

DeepSeek announced the full open-source of its internal inference framework DeepInfer, and simultaneously open-sourced the production-level token encoding and decoding component deepseek-recipe. DeepInfer integrates high-performance operators and a deeply optimized inference engine, supporting distributed inference, speculative decoding, SWA Bounded Replay, and structured output, compatible with NVIDIA and Huawei Ascend platforms.DeepSeek stated that it has implemented high throughput and low latency large-scale inference services for DeepSeek V4.1 Flash based on DeepInfer, and future inference code and optimizations for new models will continue to be updated here. deepseek-recipe is fully aligned with the processing logic of the DeepSeek official API, aiming to ensure that the community receives an experience consistent with the official deployment. The open-source repository and technical report have been released simultaneously.

The AI model evaluation platform Arena announced that DeepSeek-V4.1-Flash-20261017 (Max) has ranked first among open-source models in Agent Arena and 11th overall. Based on approximately 7,500 real usage sessions, this model shows a comprehensive net improvement of about 5.1% compared to the average model, with a median single-task cost of about $0.20.This version ranks first among open-source models in four metrics: task success confirmation, user positive and negative feedback, reliability of Bash command execution, and guideability, with the task success confirmation metric ranking 8th overall.

According to The Information, DeepSeek is collaborating closely with Huawei to jointly design the next generation of AI chips, aiming to build models that do not rely on NVIDIA's computing power. Insiders revealed that Huawei engineers have entered DeepSeek's office to understand its model architecture and algorithm requirements, and to test how the chips handle data transmission and compression, with the first compatible chip targeting Ascend 950DT.The report pointed out that this move comes as China pushes to reduce its dependence on American chips. Limited by TSMC's foundry services and U.S. export controls, Huawei's Ascend 950DT is planned for release in 2027, but mass production may be delayed until 2028. To address the chip shortage, DeepSeek is using the TileLang programming language to bypass CUDA restrictions, while still attempting to acquire the banned NVIDIA Blackwell chips through third-party data centers. In addition, DeepSeek is forming a chip team and has begun testing clusters with over 1,000 processors.

The U.S. Department of Homeland Security (DHS) instructed U.S. civil agencies on Monday to remove products from the Chinese AI company DeepSeek from government IT systems, as well as any third-party services built on that model, and to prohibit new procurements. The notice stated that using DeepSeek could lead to the transfer of sensitive data to China and could generate intelligence targeting U.S. individuals and institutions. DHS indicated that these models constitute "multiple threat vectors."The ban targets not only DeepSeek's own applications but also covers third-party services based on its development. A DHS memorandum from July was made public on Monday, which had previously requested agencies to monitor the risks related to DeepSeek in the traffic in and out of government websites. The U.S. Department of Commerce, the Navy, and the states of New York, Tennessee, and Virginia had previously restricted DeepSeek. The Federal Communications Commission (FCC) will vote on October 29 to decide whether to ban all Chinese laboratories from testing electronic products used in the U.S.DeepSeek is a startup based in Hangzhou, and its open-source model attracted widespread attention on January 27, 2025, with development costs of less than $5 million, leading to a 16% drop in Nvidia's stock price that day, evaporating about $600 billion in market value. In April 2025, the U.S. House of Representatives' Special Committee on China Issues stated that DeepSeek might secretly send U.S. user data to the Chinese government and may have used about 60,000 Nvidia chips, of which 20,000 were subject to U.S. export controls. The V4-Pro model preview released by DeepSeek in April this year was priced about 98% lower than OpenAI's GPT-5.5 Pro and was made available for free download and modification under the MIT license; this week it also released an updated version of the V4.1-Flash model focused on efficiency optimization.