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According to CoinDesk, Utah has filed criminal charges against the prediction market platform Kalshi (KalshiEX LLC) and its co-founders Tarek Mansour and Luana Lopes Lara, claiming they illegally promoted gambling in the state.The prosecution has brought a total of 14 charges, including 1 felony for alleged ongoing illegal activity, 12 charges for promoting online gambling, and 1 misdemeanor for gambling. The basis for the prosecution is evidence collected by an undercover investigator from the Utah Attorney General's Office.

The non-profit Ethereum development lab Ethlabs announced that Ethereum co-founder Mihai Alisie has joined Ethlabs as an anchor funder, and Payward and Gattaca have joined as contributors.Its initial anchor funders include BitMine, Sharplink, and Ethereum co-founder Joseph Lubin.

Alex Witt, founding partner of the venture capital firm focused on stablecoin infrastructure, Verda Ventures, announced that he and partner Amit will join Tether, the world's largest stablecoin issuer. Tether was previously one of the limited partners of Verda Ventures.With the two joining Tether, Verda Ventures, which has been operating for three years, will enter the investment recovery phase and cease investing in new companies to avoid potential conflicts of interest. The fund will continue to manage and support its existing 28 portfolio companies and selectively participate in follow-on financing.

CryptoQuant founder Ki Young Ju stated that the ETF engine has hardly operated this year, with net inflows close to zero from the beginning of the year to now, yet Bitcoin has only dropped 7%. In the context of weak ETF demand while prices remain strong, the likelihood of OG whales or miners selling off in large quantities seems low; those who wanted to sell may have already done so.Ki Young Ju expects that once the uncertainty of the U.S. midterm elections dissipates and ETF capital inflows resume, bullish momentum will return.

Muneeb Ali, co-founder of the Bitcoin Layer2 network Stacks, stated in Cointelegraph's Chain Reaction podcast that concerns surrounding quantum computing are suppressing institutional funds from entering Bitcoin, and the network needs a credible security upgrade roadmap to restore investor confidence. He mentioned, "Quantum concerns have set a ceiling on Bitcoin's growth," believing that this uncertainty may lead risk-averse institutional investors to delay large purchases until developers provide a clear path to quantum resistance. Stacks is a Bitcoin Layer2 network aimed at introducing smart contracts and decentralized applications to Bitcoin, and Ali is a co-founder of the project.Ali warned that if developers fail to make substantial progress in quantum resistance by 2028, Bitcoin could enter a riskier phase. He pointed out that upgrades typically take years to implement, and users will need additional time to migrate their assets to new addresses. Citing guidance from the National Institute of Standards and Technology (NIST), he views 2030 as a target node for transitioning to quantum resistance and believes advancements in artificial intelligence could accelerate the development of quantum computers, potentially moving this timeline up to 2029.Ali acknowledged that some Bitcoin supporters believe the quantum threat is distant and that concerns are exaggerated, but he thinks that the very disagreement over the urgency of the threat, in the absence of a credible upgrade roadmap, will undermine investor confidence. He also stated that sufficiently powerful quantum computers are more likely to emerge from large research laboratories rather than unknown attackers, and companies like Google and Microsoft lack the motivation to steal Bitcoin, but the quantum security threat will impact the entire crypto industry, "If Bitcoin is hit, all downstream projects will be affected." Currently, developers are exploring protective solutions, with StarkWare stating in September that researchers reduced the computational cost of preparing an experimental quantum-resistant Bitcoin transaction by 79% after a week of optimization challenges. This solution does not require modifications to Bitcoin's consensus rules, but the cost reduction has only been validated in benchmark tests.

According to Cointelegraph, Jordi Visser, founder of Visser Labs, former Managing Director at Morgan Stanley, and Chief Investment Officer at Weiss, stated in the Cointelegraph podcast "Trade Secrets" that crypto assets may yield better returns from the AI boom than AI stocks. He believes that AI entities are creating demand for crypto payments and tokenized assets, stating, "Without AI, the crypto market will not emerge from this bull market."Visser compared AI entities to the App Store or smartphones in the crypto industry, where users can instruct the entities to execute financial operations such as trades on their behalf. He also cautioned about risks: if AI experiences a severe downturn and drags down the stock market, it could cause the crypto market to retest previous lows, but it would not end the bull market. He mentioned that the "fireworks show" of AI has ended, not the end of AI itself, and investors should lower their expectations for returns from AI stocks.In terms of holdings, as of August, Visser only held Bitcoin, Ethereum, and Solana, and then began buying a broader range of tokens, with Bitcoin still being his largest position. He is watching Dogecoin as a signal of retail enthusiasm returning and maintains an equally weighted index composed of 42 tokens and 4 publicly traded stocks, which has outperformed Bitcoin since June. He has also positioned himself in privacy themes, believing that Zcash and Monero align with his investment logic.

According to Cointelegraph, eToro founder Yoni Assia stated in an interview that Bitcoin may experience a "bump in the road" before starting the next round of upward momentum, and he expects the next Bitcoin rally to begin next year.

The founder and trader of the NFT project DeGods, Frank, posted on X that although Anthropic's latest S-1 shows strong revenue growth, it cannot be concluded that the resistance to AI investment has disappeared. He stated that the second quarter of 2026 will be a peak for companies to purchase and consume AI Tokens in large quantities, and the market will only begin to pay attention to AI spending management by July; the rise in model homogeneity and the narrowing of output differences may intensify competition and compress profit margins, a trend that has not yet fully manifested in the second quarter.Frank also mentioned that there is still a lack of clear evidence proving that AI can create more profits for most companies, and Anthropic's large enterprise clients are also under pressure to improve their profit margins, which may lead to cuts in spending related to Claude in the future. Large tech companies and AI labs have signed capital expenditure commitments extending to 2034, and related expectations may have already been factored into stock prices; if companies improve the efficiency of existing chips to reduce costs or issue more shares to raise additional capital expenditure, it could put pressure on the valuations of related stocks. He expressed a long-term optimistic view on AI and may participate significantly in the Anthropic IPO, but believes that the ultimate winners in the industry have yet to be determined, and real investment opportunities may only emerge after the current market cycle ends.

Zcash co-founder Sean Bowe released a ZIP draft proposing to stop the automatic allocation of block subsidies to Zcash Community Grants (ZCG) and redirect the original 8% subsidy share to the Network Sustainability Mechanism (NSM).The draft states that ZCG currently holds approximately 91,452.98 ZEC, valued at about 125 million dollars, and the existing funds are sufficient to continue supporting related activities without the need for ongoing block subsidies. If the proposal takes effect, from the specified activation height, the original 8% share will be allocated to the NSM fund until the original funds expire; the existing assets and governance rules of ZCG will remain unchanged.

On October 24, Solana co-founder Anatoly Yakovenko (Toly) posted an idea on X, planning to utilize Solana validators to build an oracle that allocates voting power based on staking weight, providing price assessments for tokenized assets and using such assets as collateral.According to this concept, validators will participate in price judgments based on the amount of SOL they have staked. The profits generated by the related mechanism could increase revenue for the Solana network through taxation. However, this idea is still in the conceptual stage and is not a formal governance proposal, with no clear implementation timeline or governance voting arrangements at present. If realized in the future, this mechanism could introduce a native alternative to Solana's existing oracle network, but it also involves supply changes brought about by the increase in SOL issuance, as well as potential conflicts of interest and manipulation risks arising from validators participating in collateral pricing.

The founder of ai16z, Shaw, stated that 90% of the reverse engineering work on all contracts of Pump.fun has been completed and is expected to be finished tonight, adding, "Open source everything, or it will be forced to open source."

Bankless co-founder David Hoffman posted that a batch of tokens he referred to as "Bitcoin clones from the 2017 era" has recently attracted market attention again.Among them, PRL rose 30% this week, with a fully diluted valuation (FDV) reaching $4.2 billion; QTC increased by 300% this month, achieving a valuation of $1.8 billion with a total supply of 21 million tokens. Interestingly, tokens with a fixed supply of 21 million have garnered billion-dollar valuations, which is quite noteworthy.

According to the latest episode of the Gatecast podcast, Gate founder and CEO Dr. Han shared the product philosophy and future plans of Gate Money. He stated that Gate is extending years of accumulated experience into the fields of asset management and daily payments, reaching a broader user base, with the goal of doubling the user scale of Gate Money in the next one to two years.Leveraging the technical systems, institutional clients, and market-making liquidity accumulated from years of trading operations, Gate supports the exchange between various types of assets; relying on a global licensing layout and partnerships with banks and payment networks, Gate Money creates conditions for users' fund collection, payment, and consumption applications. These capabilities collectively form the operational foundation of Gate Money, enabling the platform to reduce exchange and fund circulation costs in different usage scenarios.Through various capabilities such as holding, exchanging, appreciating, and paying, Gate Money connects multiple types of assets with life needs. Dr. Han illustrated the consumption use of assets beyond investment by using the example of "buying coffee with stocks." In eligible regions, users can open bank accounts in their own names, using familiar payment methods, with transfers processed by underlying blockchain technology; idle funds can also participate in appreciation through yield products.Looking ahead, Dr. Han also shared the application prospects of AI Agent providing round-the-clock assistance in asset allocation and fund management. With the integration of investment, wealth management, and daily payments, Gate Money will continue to expand the application boundaries of various assets, promoting Gate's services deeper into more everyday life scenarios.

According to community reports, on October 23, crypto influencer kimchi posted an image containing a QR code, which points to the meme coin kimchi. Relevant information indicates that the kimchi address holds over 50% of the token, and it is different from the previously mentioned "speedrun 30 million dollars" token. The co-founder of the meme coin issuance platform pump.fun, alon, subsequently retweeted the post.The new kimchi token briefly surged to a market value of about 10 million dollars. Afterward, alon canceled the retweet, kimchi deleted the post, and removed the mention of pump.fun from his personal profile, leading to a rapid decline in the token's value, which was then about 190,000 dollars. According to GMGN market data, the previous Kimchi token also accelerated its decline that morning, with a market value of about 12.81 million dollars at that time.These actions have sparked dissatisfaction within the community, with some crypto investors accusing kimchi and alon of potentially illegal behavior. Kimchi has frequently flaunted wealth on social media and claimed to have profited significantly from investing in the TRUMP token. Recently, alon stated that Kimchi is the first person to truly bridge the gap between the crypto industry and pop culture, and is the first case of a trader becoming a public figure.

Imran Khan, co-founder of Alliance, expressed his views on a16z crypto's shift towards cutting-edge technology. He stated that he is always grateful to a16z for leading the investment in Coinbase in 2013, which provided external validation for the crypto industry; Marc Andreessen's 2014 article "Why Bitcoin Matters" in The New York Times pushed him to shift his career towards Bitcoin.Imran Khan mentioned that at that time, very few institutions or funds were willing to publicly support crypto, and a16z and USV were two funds that took on brand risk. Since then, a large number of talents have entered and reshaped the crypto industry. He believes that the current infrastructure development in artificial intelligence has a practical connection with Bitcoin mining infrastructure and the talent flowing from crypto to artificial intelligence.He stated that the shift from crypto to cutting-edge technologies such as robotics, biology, artificial intelligence, energy, and computing power means that the talents and capabilities built in crypto over the past decade can be applied to a broader range of fields. He cited the resistance faced by data centers as an example, noting that crypto also faced opposition, but traditional finance has now accepted crypto to a certain extent. He believes that cutting-edge technology is the next generation of technology builders, and the world often recognizes the importance of new technologies many years later.

In a live broadcast in the third quarter, Aave founder Stani stated that Aavenomics 3.0 will include AAVE buybacks, staking, and burning.The AAVE buyback was suspended the day after the rsETH vulnerability incident on April 19. Since then, the DAO has committed to providing 25,000 ETH to DeFi United to compensate for the losses and has arranged for Mantle to provide a credit line of up to 30,000 ETH. Before the buyback was suspended, there was a proposal in the forum suggesting to reduce the annual buyback budget from approximately 50 million dollars to 30 million dollars.

The super political action committee Digital Freedom Fund, initiated by Gemini co-founders Cameron Winklevoss and Tyler Winklevoss in 2025, submitted documents to the Federal Election Commission on Tuesday, reporting for the first time advertising expenses exceeding $81,000 to support Republican candidate Ken Paxton's campaign for the Texas Senate seat, while opposing Democratic candidate James Talarico. Early voting in Texas began on October 19, with Election Day on November 3.As of September 30, the PAC has raised approximately $34 million, and its expenditures are not limited to Texas. Documents show its involvement in the Ohio Senate race between Republican candidate Jon Husted and Democratic candidate Sherrod Brown, bringing its total support for Husted to about $7 million. Another crypto industry PAC, Fairshake, also reported over $13 million in direct mail advertising expenditures this week, with approximately $9 million supporting Husted and over $4 million opposing independent candidate Dan Osborn in the Nebraska Senate election.These expenditures indicate potential support for candidates who favor crypto policies and legislation. Prediction contracts from Kalshi and Polymarket suggest that Democrats are favored to regain majority control of the House and Senate by 2027, and the majority party in both chambers will influence the legislative process for bills like the Digital Asset Market Structure Act, which failed to pass procedural voting in the Senate last month. Paxton previously defeated incumbent Senator John Cornyn in the May Republican primary, receiving over $500,000 in advertising support from the Fellowship PAC, backed by Anchorage Digital and Cantor Fitzgerald, with the funds executed through the Nxum Group co-founded by Bo Hines.