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GMO Internet was previously attacked, leading to suspected leakage of customer information data. The company refused to pay the ransom and stated plans to compensate customers for their losses.It is reported that GMO Internet operates the cryptocurrency exchange "Z.com EX," which has obtained licenses from the Thai Securities and Exchange Commission and the Thai Ministry of Finance. The exchange has disclosed that it has been acquired, involving the acquisition of all shares of the target company held by shareholders such as GMO Internet and its related subsidiaries. It is currently unclear whether the customer information data is related to the cryptocurrency exchange.

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.

Federal Reserve Chairman Waller stated that the credit spread has widened.

Federal Reserve Chairman Waller stated that the credit environment has tightened.

According to CoinDesk, Ethereum developers have fixed a vulnerability in the Glamsterdam upgrade that could allow operators to withdraw ETH intended for new validators from the staking service. The fix changed the handling rules for validator deposits and was merged on Monday, after developers had rejected the modification a week earlier.Researcher avsetsin discovered that if an operator first registers as a builder with a specific public key, and the staking service subsequently deposits ETH using the same key to activate the validator, the draft rules would credit both deposits to the builder. Avsetsin stated that this is a conditional code discovery and not a confirmed real-time exploit; existing checks can prevent the attack, and there are currently no reports of losses. The new rules treat deposits as sorted by withdrawal receipts, ensuring that validator deposits still belong to the validators.Glamsterdam has been running on the Sepolia testnet, but the launch on the Hoodi testnet has been delayed, with a new date to be determined before the mainnet launch.

According to Bitcoin.com News, Timothy Wadsworth, a man from Rochester, New York, was sentenced to 51 months in prison for conspiracy to commit wire fraud and money laundering, and was ordered to pay approximately $810,000 in restitution.The U.S. Department of Justice stated that between March and May 2020, Wadsworth initiated 310 unauthorized payments totaling approximately $1.6736 million using account information provided by accomplices through the payment service provider Stripe, of which 116 transactions were successful, amounting to approximately $730,700. He then transferred some of the funds to bank accounts under his control and purchased Bitcoin through Coinbase, which he then transferred to his accomplices.

QCP stated that the credit risks related to AI infrastructure are accelerating in repricing. CoreWeave's bond yield has risen to about 15% this year, as the market begins to reassess high financing costs and debt sustainability.The related pressure has spread from CoreWeave to the broader neocloud infrastructure sector, dragging down the performance of tech stocks and crypto assets, while pushing funds towards long-term U.S. Treasury bonds.

The global bond market is experiencing heightened risk aversion due to the sell-off of artificial intelligence-related stocks and escalating geopolitical tensions. The spread of high-rated Asian corporate dollar bonds has risen to its highest level since July last year, and the global corporate bond yield premium has surged to 129 basis points.Concerns about the pace of spending related to artificial intelligence have triggered turmoil, with Castle Securities CEO Griffin warning of bubble risks, while Blackstone President Jon Gray believes market demand remains strong.

The credit risk indicators of Meta Platforms have soared to an all-time high, and bond prices have fallen. The company plans to increase capital expenditures, raising market concerns about the rising debt for AI infrastructure.The five-year credit default swap prices rose by 8.9 basis points, reaching approximately 119.3 basis points per year. Meta stated it will invest about $825 billion in AI-related leases and contracts.

According to Caixin, Liu Jun, President of the Industrial and Commercial Bank of China, stated at the first Digital Renminbi Annual Conference held during the 2026 Financial Street Forum Annual Meeting that while digital technology promotes the development of the digital economy, it also brings changes to the currency trust mechanism. Data, algorithms, and programmability are beginning to participate in the generation and transmission of credit, with trust shifting from being supported by institutional singular points to being jointly supported by institutions and technology. However, technology can only reinforce trust, not replace it.Liu Jun mentioned that whether digital currency can become a currency is not primarily about the algorithm design itself, but rather about how credit is supported and fulfilled, and how responsibility is implemented. He pointed out that currency is transitioning from physical forms to data, moving from multi-step clearing reliant on accounts and intermediaries to synchronous payment and settlement. The way currency is realized is changing, but its attributes remain the same, still fulfilling the three functions of a medium of exchange, a store of value, and a unit of account.

The collapsed cryptocurrency exchange Mt. Gox has extended the repayment deadline for creditors to October 31, 2027. Trustee Nobuaki Kobayashi stated that the Tokyo District Court has approved the adjustment of the relevant repayment deadline. This is the sixth extension for Mt. Gox since 2023.Most creditors who have completed the necessary processes and encountered no issues have received their repayments; however, some creditors have not received payments due to incomplete processes or payment processing issues. Mt. Gox began repaying creditors in Bitcoin and Bitcoin Cash in July 2024, and by March 2025, it reported that over 19,500 creditors had received repayments. The latest notice did not disclose the number of unpaid creditors or the amount of Bitcoin yet to be distributed. As of Tuesday, wallets belonging to Mt. Gox still hold approximately 34,400 Bitcoins, valued at around $2.8 billion.

Cryptocurrency researcher Kerman Kohli published "Compute Financing" on Substack on October 19, 2026, discussing financing for computing power construction. He believes one of the main bottlenecks is capital, especially credit: early expenditures mainly come from balance sheet cash, followed by a shift to equity financing. The article cites Alphabet's $85 billion financing and Meta's fundraising through shareholder dilution, with the next step being the credit market.Kohli summarizes the current beliefs of creditors into three points, which he believes are incompatible: AI may be a bubble; the biggest risk is counterparty risk in purchase contracts; the underlying GPUs are not valuable and depreciate like ordinary hardware. He argues that demand is closer to infinite, stating that the demand for agentic AI is growing by about 2.5 to 5 times each year, with supply potentially doubling by the end of 2030. Memory is expected to sell out by 2027, with computing power commitments reaching trillions of dollars, and he mentions Jane Street's multi-billion dollar commitments, as well as the needs of pharmaceutical companies, research, military, and cybersecurity.Regarding efficiency, he states that when the cost of intelligence drops by 90%, the increase in usage is even greater, with a baseline exceeding 10 times, and he cites Jevons' Paradox.On the topic of purchasing, Kohli believes that computing power is more substitutable than real estate; when demand is strong, if someone withdraws their commitment, others will take over. He mentions that many creditors require 2 to 3 year contracts and down payments of 20% to 30%, sometimes as high as 50%, and locking in long-term discount contracts effectively shorts computing power for lenders. The article also states that computing power rental prices have risen by about 50% in the past 6 months and about 100% in the past year, with B300 supplies being tight. Regarding collateral, he notes that the A100 from 2020 is still operational and rented out until 2029, leading him to believe it has at least about 9 years of use value; the current price of B200 is about 50% higher than when it was released about two years ago, and a 6-year-old A100 is still worth about 25% of its value. He concludes that computing power will surpass real estate to become the largest asset class, and the scale of credit-supported computing power is currently just beginning.

The National Credit Union Administration (NCUA) released a proposal for a stablecoin report on October 9, which aims to add 26 new data fields to the quarterly financial report Form 5300, applicable to federally insured credit unions engaged in stablecoin activities, with a target implementation date of March 31, 2027.Among the proposed new fields, 8 relate to reserve assets held for authorized third-party issuers, 9 pertain to the custody and control of cryptographic keys, 5 involve financial exposure to issuers, and another 4 concern payment-type stablecoins held on the institution's balance sheet. This information collection is expected to cover 4,224 federally insured credit unions, with an annual reporting workload of 794,112 hours, and a complete quarterly report averaging 47 hours. The NCUA will seek public comments before December 8, and the feedback will be publicly submitted as part of the approval application.

Animoca Brands and Nuva Labs have launched the real-world asset market NUVA with the HOME token, providing qualified non-U.S. investors exposure to U.S. home equity lines of credit (HELOC) with a minimum participation of 1 USDC. This ERC-20 token aims for an annualized yield of 7%, resetting monthly, with interest income and loan performance reflected in the net asset value of the fund pool, which in turn determines the token price. The product has no lock-up period and features a first-loss tranche that accounts for approximately 5% of the fund pool's value, designed to absorb losses from defaults or forced sales before they affect HOME holders.The underlying assets of HOME are the HELOC pools initiated by Figure Technology Solutions. According to Federal Reserve economic data, the size of U.S. HELOCs rose to $460 billion in the second quarter. Nuva Labs CEO Anthony Moro stated that traditional securitization primarily targets institutional investors, making it difficult for individual investors to access such structures. HOME does not attempt to create residential credit demand from scratch but presents an asset class with existing institutional demand in a more accessible on-chain structure. HOME holders do not directly own the underlying loans but hold tokens corresponding to the exposure of the fund pool.HOME is only available to qualified non-U.S. users, with the UK, Hong Kong, China, the British Virgin Islands, and sanctioned jurisdictions also excluded. NUVA will enforce these restrictions through wallet screening and IP address blocking.

Jed Meyer, CEO of St. Cloud Financial Credit Union in Minnesota, USA, stated that the institution has become the first credit union to incorporate Bitcoin into its core ledger. Founded by postal workers in 1930, this credit union currently holds real Bitcoin for its members, using a patent-pending hybrid custody model that allows each member to have independent ownership of Bitcoin in a multi-signature vault.According to Jed Meyer, the credit union has already held over 20 Bitcoins without any deliberate promotion. Its services support members in buying and selling Bitcoin directly, bringing ordinary users into the Bitcoin ecosystem, and plans to integrate with the Lightning Network. He also discussed stablecoins, the relationship between the US dollar and Bitcoin as a new type of currency network, and the differences between Bitcoin ETFs and credit union custody.On the regulatory front, Jed Meyer mentioned Minnesota's custody laws, the review by the National Credit Union Administration (NCUA), and the CLARITY Act. Additionally, the credit union has launched the Cloud Dollar stablecoin and adopted a cooperative ownership model. He stated that the credit union needs to master payment channels independently and continuously educate skeptics about the relevant knowledge.

According to a report by Semafor, the New York Federal Reserve has begun visiting JPMorgan Chase, Wells Fargo, Barclays, and Morgan Stanley to review their loan situations and risk exposures related to private credit companies.This review partly stems from JPMorgan Chase's move in March to write down a significant amount of loans in its private credit portfolio, particularly loans to software companies threatened by artificial intelligence.

Grayscale's parent company DCG stated on the X platform that last week the U.S. Securities and Exchange Commission (SEC) proposed reforms to the accredited investor system, allowing certain investors to qualify for participation in the private market through exams and other means. This initiative was suggested by DCG founder Barry Silbert as early as 15 years ago.It is reported that Barry Silbert raised the issue during the founding of SecondMarket around 2011, stating that the SEC's "accredited investor" system primarily relies on income and net asset standards, but wealth levels do not necessarily represent investment capability. Some high-net-worth individuals may not possess sufficient financial knowledge, while some ordinary investors should also have the opportunity to qualify for participation in the private market if they pass the financial literacy tests set by regulatory agencies.

Founder of Strategy Michael Saylor posted that he hopes Strive and all well-managed "Bitcoin-driven digital credit" issuers achieve success.Strategy is built on the same foundation as Strive: BTC belongs to digital capital, STRC and SATA belong to digital credit, and MSTR and ASST belong to digital equity. The securities structures and decisions of both parties are independent, although they will compete for individual capital allocations, they can also jointly expand long-term market opportunities.Saylor cited SIFMA data stating that by the end of 2025, the global stock market value will reach $157.8 trillion, and the fixed income debt balance will reach $160.7 trillion, with 0.1% of either market being approximately $160 billion.He proposed a threefold amplification mechanism: corporate financing to purchase supply-constrained Bitcoin can increase demand and improve the asset coverage of related companies; more issuers launching digital credit products can accumulate research, trading, and liquidity foundations, reducing the premium investors demand due to unfamiliarity, and potentially narrowing credit spreads and financing costs; more companies proving that this model can operate in different market environments may enhance market recognition of digital equity.He also emphasized that a single purchase does not guarantee Bitcoin appreciation, Bitcoin itself does not pay interest, and the profit margin between long-term asset returns and financing costs must be obtained through disciplined management; more issuers will not automatically lead to higher valuations.This model depends on a robust capital structure, prudent liquidity, transparent disclosure, and useful products. Weak issuers may undermine confidence in the entire category, while more credible issuers can meet institutional diversification investment needs and attract funds that would not otherwise enter the category.

According to The New York Times, Meta is leveraging the U.S. research and development tax credit policy to apply for billions of dollars in tax benefits for its artificial intelligence data centers. Last year, this policy helped Meta reduce its tax burden by nearly $4 billion, but internal accountants warned that this move carries legal risks.A partner at the tax consulting firm BPM stated that classifying AI data centers as research and development projects is "beyond the norm."