business

OpenAI documentation shows that eligible ChatGPT Pro and Business subscriptions can receive free API credits for building applications and agents within their own API organization. The credits are automatically issued based on the subscription, and any unused portion expires at the end of the billing cycle without carrying over; when there are valid free credits, there is no need to bind an API payment method. In terms of monthly credits, Pro's tiers of $100, $200, and $500 correspond to $100, $200, and $500 respectively; Business Standard provides $20 per paid seat, and Business Premium provides $100 per paid seat.The initial issuance is calculated proportionally based on the remaining time in the current subscription billing cycle and expires at the end of that cycle. Business API credits are shared within the workspace, with a monthly cap of $500; annual payment workspaces receive a one-time issuance of the annual credits, which expire at the end of the annual billing cycle. Users must log in to ChatGPT with an eligible subscription account, with Pro credits claimed in Settings under Billing, and Business credits claimed in the workspace billing settings or Admin Console, confirming the API organization receiving the credits.The credits cover the paid usage of associated organizations on the API Platform, including Responses API, Agents API, Decisions API, GPT-Live and Realtime API, Images API, as well as built-in tools and related costs such as web search, document search, and Code Interpreter. Using Codex via API key is not included in the benefits, and the credits will not increase the usage limits for ChatGPT or Codex that is already logged in. Free credits are prioritized over purchased credits; when exhausted and no remaining credits are available, requests will fail with HTTP 429 and error code credit_balance_exhausted.

According to the Digital Currency Research Society, on October 27, Beijing Bank released a public tender announcement for the procurement project of firewall equipment for digital currency business in 2026 through the official centralized procurement management system. Along with the previously announced procurement projects for IPS, encryption machines, WAF, SSL, signature devices, etc., the bank has officially launched a centralized upgrade of the full-chain security infrastructure for digital renminbi business, covering core security nodes such as intrusion defense, encrypted transmission, web application protection, and identity signing.In April of this year, Beijing Bank became a newly added operational institution for digital renminbi business and connected to the central bank's digital renminbi system. In August, the central bank added 8 more operational institutions, expanding the total to 30. Previously, several newly added operational institutions, such as Huishang Bank, Hangzhou Bank, and Guangxi Beibu Gulf Bank, had initiated tenders for core digital currency systems worth tens of millions. The report pointed out that Beijing Bank's inclusion of various security devices such as firewalls and encryption machines in centralized procurement is a proactive security layout to adapt to the new features of digital renminbi, such as high-concurrency transactions and programmable smart contracts.

Alphabet, Google's parent company, announced its third-quarter financial report for 2026 in the early hours of October 29, Beijing time. The quarterly revenue was $127.6 billion, a year-on-year increase of 25%, achieving double-digit growth for the 13th consecutive quarter, with an annualized revenue run rate of $500 billion. Revenue slightly missed Wall Street expectations, and net profit declined year-on-year, overall falling short of market expectations.Google Cloud revenue grew 103% year-on-year to $30.7 billion, a record increase, mainly driven by demand for enterprise AI infrastructure, AI solutions, and TPU-related needs. Google Services revenue increased by 11% to $96.3 billion, with search and other advertising revenue growing by 12% year-on-year, and YouTube advertising revenue increasing by about 9% to $11.2 billion. The company stated that the year-on-year growth rate of search queries was the highest in nearly five years, with AI-related features contributing to increased usage.Net profit attributable to common shareholders was $26.2 billion, a year-on-year decrease of about 25%, with earnings per share of $2.12. The profit decline was mainly affected by losses from equity securities investments, with related losses for the quarter amounting to about $8.7 billion, whereas this item had contributed significantly to profits in the same period last year. Operating profit increased by 30% year-on-year to $40.6 billion, with an operating margin rising to 31.8%. The free cash flow for the quarter was negative, and the full-year capital expenditure guidance remained at $195 billion to $205 billion. After the financial report was released, Alphabet's stock price fell by 9.84% in after-hours trading.

Federal Reserve Chairman Waller stated that business investment may grow at a double-digit rate.

Coinbase Business announced that it supports AI Agents to purchase domains on the domain platform Atom through the x402 payment protocol.The company stated that previously, most x402 payment processes were focused on data and API requests, and this time the application scenario has been expanded to domain purchases.

According to data from Qichacha, National Data Group Co., Ltd. has completed its business registration with a registered capital of 30 billion yuan. The State-owned Assets Supervision and Administration Commission of the State Council invested 6 billion yuan, holding 20%; China Mobile, China Telecom, and China Unicom each invested 4.5 billion yuan, each holding 15%, totaling a 45% stake.Southern Power Grid and State Grid each invested 3.75 billion yuan, each holding 12.5%, totaling a 25% stake; China Xiong'an Group invested 3 billion yuan, holding 10%. The business scope includes big data services, data processing and storage support services, artificial intelligence application software development, blockchain technology-related software and services, cloud computing equipment technology services, and more.

According to Zhitong Finance, Intel has agreed to acquire the Israeli quantum computing startup Classiq Technologies, with the transaction price undisclosed and expected to be completed in the first half of 2027. Classiq's clients include BMW and AT&T, and its technology helps clients write code that can be tested and run on any type of quantum hardware.This acquisition will enhance Intel's research and development capabilities in quantum hardware and make its products easier to deploy on quantum computers. Intel CEO Pat Gelsinger stated that partnering with Classiq will transform Intel's quantum computing division into a full-stack quantum computing enterprise. Classiq has raised over $200 million in funding and has approximately 130 employees, and after the acquisition, it will continue to help clients develop code that can run on various types of quantum hardware, including competitors' hardware. Intel has been committed for over a decade to transforming its silicon-based manufacturing advantages into a position in quantum computing, focusing on spin qubit technology.

According to Cointelegraph, Bernstein analysts expect that the prediction market will become a new profit growth point for the trading platform Robinhood Markets (HOOD), potentially bringing in about $1.7 billion in revenue by 2028, surpassing the estimated $1.6 billion from its cryptocurrency business during the same period.Analysts predict that Robinhood's prediction market revenue will grow from about $650 million this year to $1.7 billion by 2028, accounting for approximately 18% of its total revenue of $9.4 billion in 2028.This forecast was released the day before Robinhood's Q3 2026 earnings report. Bernstein expects Robinhood's Q3 revenue to increase by 13% quarter-over-quarter to about $1.5 billion, mainly driven by growth in stock nominal trading volume, options trading volume, event contract trading volume, and a rebound in cryptocurrency trading volume. Bernstein raised its revenue expectations for Robinhood by 3% for 2026, 4% for 2027, and 3% for 2028, while maintaining a target price of $160, citing improved assumptions for stock and cryptocurrency revenue.Robinhood is listed on NASDAQ, and its stock price fell to $93.6 in pre-market trading on Monday, having dropped over 29% in the past 12 months.

According to Bloomberg, cryptocurrency, venture capital, and prediction market companies associated with Trump and his family are ramping up efforts to hire lawyers and lobbyists in preparation for a potential congressional investigation.Democratic lawmakers have requested information from World Liberty Financial and 1789 Capital, focusing on whether the related companies have received government contracts, policy favors, and whether there are any conflicts of interest.Bloomberg reports that even if Democrats gain a majority in Congress in the midterm elections, the investigation may face obstacles, including difficulties in compelling foreign individuals to provide testimony or documents, as well as whether federal agencies like the Department of Justice will take further action. The related companies and the Trump family insist that their business activities comply with legal regulations.

According to the "Q3 2026 Report" released by Gate, the platform's institutional business continues to grow, with cross-market trading, asset custody, and professional fund services further expanding.Among them, CrossEx has seen significant improvements in several core indicators, with quarterly trading volume increasing by 63% month-on-month, asset custody increasing by 902% month-on-month, the number of trading users growing by approximately 315% compared to Q2, and the number of fund users increasing by 95%.In terms of products and infrastructure, CrossEx has added mainstream exchanges, Lighter contracts, real stocks, and ETF trading scenarios, and launched features such as RPI Orders and arbitrage opportunity displays. CrossEx Colo services have officially launched, with order placement concurrency and multiple transaction reporting delays optimized by about 50%, and the highest fees for certain trading scenarios reduced by 50%. During the same period, Gate's institutional cumulative borrowing volume increased by 412.02% month-on-month.In addition, the Gate SuperLink ecosystem has added two banking partners, ABN AMRO and Pave Bank, and deepened cooperation with custodians such as Copper and BitGo. OES clients can now access CrossEx, participating in trading across multiple exchanges through a unified margin pool under an isolated custody model, further expanding institutional clients' cross-market asset allocation and trading options.

Slow Fog's Yu Xian posted on platform X, stating that Slow Fog's MistEye global threat intelligence hunting has discovered over 1,500 DarkSword phishing sites deployed across the internet, involving e-commerce, fake Binance, fake OKX, fake wallets, gaming, and cryptocurrency exchange businesses.

Cboe Clear U.S., a subsidiary of the Chicago Board Options Exchange (CBOE), has received approval from the U.S. Securities and Exchange Commission (SEC) to expand its clearing business scope.

Recently, Sun Yuchen discussed his lawsuit against the Trump family's cryptocurrency project WLFI in a conversation with Jin Ming. He clearly stated that he remains firmly supportive of President Trump's cryptocurrency policy and AI strategy, believing it to be very successful.The reason for suing World Liberty Financial is entirely a normal action for commercial investors to protect their rights. The cause stems from the project's lack of investment transparency and insufficient information disclosure, even involving allegations of fraud. The case has been formally submitted to the federal court in California and is to be decided by a federal judge, which fully complies with the operation of the rule of law in the United States.Sun Yuchen further clarified that this lawsuit will not affect his judgment of the macro trends in the United States. He continues to hold a significant position in U.S. technology stocks and is optimistic about TRX being approved for a spot ETF in the U.S., the on-chain business of U.S. stocks, as well as expectations for a stronger dollar and the continued strength of the AI industry.Sun Yuchen believes that public opinion has exaggerated and complicated this lawsuit; in fact, it is simply a "business-to-business" lawsuit. Even if the agreement's subject matter involves 400 to 500 million dollars, it does not significantly impact his overall asset portfolio.Sun Yuchen also stated that he invests with the patience of an old hunter. Once he is thoroughly optimistic and makes a significant decision, he will invest at least 4 to 5 billion dollars or more in a single transaction.

According to official news, the parent company of the Web3 payment integrated application Gold House has signed an agreement to acquire the Canadian MSB company THREESTONES VENTURES LTD. This transaction is currently entering the subsequent phase of the acquisition process.It is reported that this proposed acquisition is a strategic move by Gold House to expand its digital asset business, fiat-to-cryptocurrency capabilities, and cross-border payment infrastructure, aiming to further strengthen its Web3 payment ecosystem and connect digital assets with traditional financial services.Upon completion of the acquisition, Gold House plans to leverage the regulatory registration and operational capabilities of the acquired entity (subject to applicable regulatory requirements) to explore new opportunities in digital asset payments, merchant services, and cross-border settlements. As a Web3 ecosystem that integrates social networking, digital asset management, and payments, Gold House is committed to connecting digital assets with real-world commerce and expanding access to seamless, diverse payment solutions.

Tesla (TSLA.O) Chief Financial Officer stated that the gross margin of the energy business increased from 20.4% to 33.1%, mainly due to tariff refunds and warranty cost adjustments.

The U.S. Securities and Exchange Commission (SEC) stated that three companies have notified it of their plans to operate tokenized securities trading venues (TSV) under the new innovation exemption policy.TSV LLC is held by Obsidian Systems co-founders Ali Abrar and Ryan Trinkle, with Ryan Trinkle also serving as a board member of the Canton Foundation. The platform plans to operate on the Canton Network; OKXICE is a joint venture between OKX and ICE Markets, planning to operate on OKX's Ethereum Layer 2 network X Layer; Kephas Corp. is the U.S. subsidiary of Perpetuals.com, led by founder @PGruhnPDC, who previously served as the head of FTX Europe. This platform plans to operate on the public, permissionless Layer 2 network Kronos X Public, which adopts a licensed trading pool.The SEC stated that being listed does not mean that the relevant companies have met the conditions for the innovation exemption.

According to The Block, Standard Chartered has signed a final agreement to acquire 100% of the equity of the cryptocurrency custody institution Zodia Custody, with the transaction pending regulatory approval.Under the arrangement, Zodia Custody's custody business will be integrated into Standard Chartered, while its software business will be transferred to an independent company supported by Standard Chartered's venture capital division, SC Ventures.