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Xiaohongshu fully acquired the AI travel tool Circumference Travel's affiliated company. The latest business information shows that Xiaohongshu Technology Co., Ltd. has become the sole shareholder of Chaochao Shishi Technology (Shanghai) Co., Ltd., with former shareholder Zheng Yifan exiting. Circumference Travel provides a "one-click homework copying" feature, allowing users to paste links to notes from Xiaohongshu and public accounts travel guides, after which the AI can extract attractions and restaurants, generate a map route, estimate travel time, and support collaborative itinerary modifications with friends. QuestMobile data shows that in February this year, its monthly active users reached approximately 2.49 million, a year-on-year increase of 384.7%, ranking among the top ten travel service apps, with users aged 25 to 35 accounting for 72.1%.By the end of 2025, the Circumference Travel team had stated that they would not engage in flight and hotel bookings. In September of this year, the app added features for AI querying flight, hotel, and ticket prices, allowing users to directly jump to partner platforms for bookings after reviewing their itineraries and check order status within the app. Last year, Xiaohongshu also acquired the development entity of its AI search product Diandian. Diandian is used to help users find destinations and filter activities, while Circumference Travel can organize promotional notes into executable itineraries and guide users to make bookings.

The storage chip and microcontroller manufacturer Zhaoyi Innovation (603986.SH) announced that the revenue for the first three quarters was 20.297 billion yuan, a year-on-year increase of 197.11%; net profit was 11.066 billion yuan, a year-on-year increase of 921.55%.In the third quarter, revenue was 8.732 billion yuan, a year-on-year increase of 225.65%; net profit was 4.209 billion yuan, a year-on-year increase of 728.93%. The company's net profit in the second quarter was 5.396 billion yuan, and the net profit in the third quarter decreased by 21% compared to the previous quarter.The company stated that during the reporting period, the supply of the storage chip industry was tight, with both volume and price of storage chip products rising, and the storage business continued to improve; multiple product lines such as MCU continued to make efforts, achieving good growth in product shipment scale, and overall operating performance increased significantly.

According to The Defiant, the USDT market of the MakerDAO ecosystem lending protocol SparkLend currently has a borrowable liquidity of 11.95 million dollars, with a utilization rate maintained at around 96%. Earlier this week, the liquidity in this market tightened.In terms of interest rates, the current annualized yield for USDT depositors is approximately 6.9%, while borrowers are subject to an annualized borrowing rate of about 7.7%.

Coinbase announced that it will hold the first global trading competition, the Coinbase Champions Cup, from November 4 to 25, with a total prize pool of up to 2 million USD, and registration is now open.Participants also have the chance to win a trader seat at Coinbase's next offline event. This competition is provided by Coinbase Bermuda Ltd. and is only open to eligible users within designated jurisdictions, with a minimum trading volume requirement of 100 USDC.

According to Reuters, the London Metal Exchange (LME), a subsidiary of the Hong Kong Stock Exchange, is exploring the tokenization of metal inventories stored in Hong Kong warehouses, making them digital assets that can be used for loan collateral and other financing activities, in line with Hong Kong's strategy to develop an international commodity trading center. LME confirmed that it is currently in the early stages of exploring the tokenization of metal inventories that have not been issued warehouse receipts.Unlike warehouse metal that already has standardized financing mechanisms, this type of inventory currently lacks mature financing channels. Insiders revealed that LME plans to hold a closed-door industry roundtable meeting in early November to discuss the plan. The Hong Kong Stock Exchange is also testing carbon credit tokenization to achieve near real-time trade settlement.

The Euronext exchange suspended the Zcash ETP from the cryptocurrency asset management company CoinShares just hours after its launch on the Paris market. The reason for the suspension is that the central securities depository is unable to support the related settlement operations, which prevents CoinShares from participating in the Zcash ETP trading.A spokesperson for Euronext stated that the suspension is not related to regulation but is a settlement infrastructure issue; the ETP will remain frozen until the central securities depository can fully support standard settlement operations. Currently, related products from 21Shares, Virtune, and Valor are still trading in the European market. According to the page content, the EU Anti-Money Laundering Regulation will come into full effect on July 1, 2027, prohibiting licensed cryptocurrency companies from handling privacy coins like Zcash and interacting with anonymous wallets.

According to monitoring by TrustSniffer, on October 28, the stablecoin issuer Tether centralized multiple addresses on the TRON network into a USDT blacklist. The monitoring page shows that at least 33 TRON addresses were marked as frozen on that day.The total USDT balance of the related addresses at the time of the freeze warning was approximately 27 million USD, with the largest single address being about 7.8 million USDT. Tether has not publicly explained the specific reasons for this centralized freeze.

Decentralized exchange UXUY announced the launch of the stock tokenization service platform uStock, primarily targeting small and medium-sized listed companies in the US and Hong Kong stock markets. The platform plans to provide share issuance, on-chain investor distribution, and post-issuance liquidity services, connecting listed companies with global on-chain investors, using stablecoins such as UUSD as tools for subscription, pricing, and settlement.According to the proposed product mechanism, each uToken corresponds to the economic rights of one share of the underlying stock, covering price changes, cash dividends, and corporate actions such as stock splits and mergers. The underlying stocks are intended to be custodied by licensed brokerages, trusts, and other institutions, isolated through independent asset holding entities. The platform plans to disclose stock custody, token issuance, and asset coverage through a Proof of Underlying asset verification mechanism.uStock will establish an initial liquidity pool for uToken/UUSD using part of the raised funds according to the issuance documents and will introduce on-chain market makers. As the spot market and infrastructure advance, the platform intends to gradually support round-the-clock on-chain trading and explore integration with UXUY's self-developed Perp DEX to expand on-chain perpetual contract trading for corresponding uToken assets.UXUY founder 0xKevin stated, "We are bringing stablecoins into more real asset scenarios, allowing US and Hong Kong listed companies to connect with global investors and capital. In the future, we will continuously improve issuance, trading, and liquidity services around real stock rights, establishing a more long-term connection between corporate growth and global on-chain capital."

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.

Blockaid has released two attacker addresses, example attack transactions, affected contracts, and cross-chain bridge addresses. One of the attacker addresses (0xaCA0...5718) currently has a balance of approximately $11,000.

On October 29, Financial News Overseas cited a Reuters report that Amazon cut about 250 positions in its devices and services division. An informed source stated that the affected positions were mainly software development roles.The report mentioned that in the previous weeks, Amazon launched several new products, including a new Kindle e-reader and tablets.

According to Decrypt, Buzz, a former advisor of the public blockchain Aptos, known by the pseudonym BuzzlamicJihad, left Aptos after the expiration of a one-year contract. Buzz stated that it was a mutual decision and that he has sold his holdings of APT. He mentioned that he believes the project has not made further progress, and some plans have not been realized as expected, which is why he did not renew the contract. APT has dropped 10.7% this month, with a market cap of approximately $607 million.Buzz has begun to promote Meta using the same Meme marketing strategy. His arguments surrounding Aptos have always been based on the project's connection to Facebook, as Aptos was founded by developers of the Libra project. Buzz believes that Meta has strong fundamentals, but retail investors are being overlooked, especially with the recent creation of Class C shares that have no voting rights. He has started posting messages like "META looking good here" and mentioned that he has moved communication from Telegram to WhatsApp. Meta dropped 1.2% on the day, with a market cap of approximately $1.59 trillion, about 2,619 times that of Aptos.

Allium CEO and Co-founder Ethan Chan stated that Allium discovered a security incident on October 25, involving unauthorized access to some of its systems. Allium immediately took measures to limit access and protect the systems, has directly notified affected customers, and continues to provide updates and support.Allium has engaged an independent cybersecurity firm to assist with the response and investigation, focusing on strengthening security controls such as authentication and monitoring. After the investigation is completed, it plans to share a summary of the findings and response measures. Allium stated that its core platform, including Allium App, Explorer, and Explorer APIs, has been restored, although some features remain temporarily unavailable during the recovery period, with the latest availability and updates published on the status page. Ethan Chan expressed apologies for the disruption caused by the incident and stated that maintaining customer trust requires clear communication and ongoing follow-up.

Y Combinator, a startup incubator, released a report on the direction of cryptocurrency startups, focusing on stablecoins, asset tokenization, and AI Agents. The report states that over the past year, cryptocurrency applications have been led by institutions rather than consumers for the first time, with the main driving force shifting from speculation to actual financial needs such as hedging oil price risks and cross-border capital transfers for businesses.The report predicts that stablecoins, as well as assets like stocks, debts, commodities, and property rights, will be further tokenized. New types of assets, such as equity in startups and small securities valued under $10,000, will also be issued via blockchain, promoting financial services like trading, lending, and derivatives. AI Agents will become one of the main participants in financial activities.In the next six months, the report focuses on using blockchain to finance the AI industry, new types of dollar stablecoins and non-dollar stablecoins targeting niche markets, new banks based on stablecoins, tokenization of real-world assets, new trading platforms and trading interfaces, as well as AI Agent trading and related API infrastructure. The text mentions that blockchain technology and stablecoins may pose a threat to traditional stock exchanges and banking systems.

According to SoSoValue data, yesterday (Eastern Time October 28), the ZEC spot ETF had a total net inflow of $2.0735 million.Yesterday, the Zcash ETF (ZCSH) had a net inflow of $2.0735 million, bringing the historical total net inflow to $211 million. As of the time of publication, the total net asset value of the ZEC spot ETF is $757 million, with a ZEC net asset ratio of 3.43%, and the historical cumulative net inflow has reached $211 million.

Binance founder Changpeng Zhao posted on X reminding not to click on links in emails or download attachments.Changpeng Zhao stated that even if the email comes from a trusted person, the other party's computer may be infected with a virus without their knowledge.

Microsoft announced that its quarterly cloud business revenue exceeded expectations, with Azure cloud computing revenue growing by 48% to reach $33.17 billion, surpassing the market expectation of $32.84 billion. The company's free cash flow was $18.6 billion, far exceeding the market expectation of $8.54 billion. Microsoft’s stock rose nearly 6% in after-hours trading.

Fitch Ratings stated that a significant reassessment of the long-term monetization prospects of artificial intelligence could lead to a reduction in capital expenditures and impact the entire artificial intelligence value chain.