This article was automatically generated using Dow Jones technology. All major cryptocurrencies were up at 10 a.m. London time, with Avalanche seeing the biggest change, climbing 2.3% to $10.20. Sui rose 1.6% to $1.05, while Dogecoin increased 1.2% to 8 cents. Solana rose 1.1% to $106.64, and Cardano rose 0.9% to 23 cents.
Tronix climbed 0.9% to 33 cents, and XRP climbed 0.2% to $1.34. Bitcoin climbed 0.1% to $82,116.50, and Ethereum climbed 0.1% to $2,454.10. Data source: Dow Jones Market Data, Kraken (END) Dow Jones Newswires 10-16-26 0501ET Copyright (c) 2026 Dow Jones & Company, Inc.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ronin officials announced that the migration of Ronin Waypoint has entered its final "grace period", running until 23:00 Beijing Time on October 31, 2026. Once the grace period concludes, Ronin Waypoint will be permanently shut down, marking the completion of the migration. Earlier, Ronin required users to transfer assets from their Waypoint wallets to Ronin Stash or mnemonic wallets by October 16, warning that untransferred assets may become inaccessible.
The selloff in AI infrastructure debt has put a harder question to Bitcoin miners building data centers for artificial-intelligence customers: how much of the build is already funded, and how much still depends on favourable markets?
Key Takeaways
CoreWeave’s market yield neared 15%; its 9.625% coupon did not change.
Core Scientific swapped a short-term loan for fixed-rate secured notes.
IREN disclosed customer-backed funding for much of its GPU equipment spend.
Contracts and guarantees reduce specific risks; they do not fund every construction cost.
CoinDesk’s October 15 market coverage tracked losses across AI infrastructure and mining shares as yields on CoreWeave’s 2032 dollar notes moved toward 15%. The move does not automatically make existing debt more expensive, but it raises the hurdle for companies and customers that need fresh capital to build more capacity.
Why this matters
AI contracts can support a project on paper. They do not eliminate the cost of power connections, equipment, construction and the time between spending money and receiving customer payments.
CoreWeave’s bond yield is a warning about new money
CoreWeave’s dollar notes due in 2032 were issued with a 9.625% fixed coupon. Their yield rose toward 15% after investors marked down the price of the existing bonds; later Thursday reporting put the yield near 14.6%.
A bond yield is the return demanded by someone buying the debt at its current market price. It does not reset the coupon CoreWeave already owes on those notes.
What changed:
Existing fixed-rate debt kept the same contractual interest cost. The warning is for future borrowing, refinancing and expansion plans that now face investors demanding a higher return.
That pressure can reach miners through their AI customers as well as their own balance sheets. A customer facing higher funding costs may reconsider an expansion timetable. A developer raising capital after its shares fall may need to issue more stock for the same proceeds. And a partly built facility may still need substantial funding before it can generate revenue.
What to check before treating an AI contract as protection
The important distinction is not simply whether a miner has announced an AI customer. It is whether its funding structure covers the work required before the contract starts producing cash.
Protection
What it can reduce
What it does not remove
Fixed-rate debt
Interest-cost uncertainty on debt already issued
The cost of future borrowing, refinancing or unfinished builds
Customer prepayment
Part of the upfront equipment spending
Uncovered development costs and delivery obligations
Third-party payment support
Specified tenant or customer payment obligations
Construction overruns, operating costs and risks outside that agreement
For scale, a three-percentage-point increase in the rate on $1 billion of newly borrowed money would add $30 million in annual interest before fees. That is an illustration, not a forecast for any company discussed below.
Core Scientific has removed one near-term funding risk
Core Scientific is directly exposed to AI infrastructure demand through colocation agreements with CoreWeave, under which it provides data-center capacity. Its debt structure has changed since the Morgan Stanley facility announced in March.
Its June-quarter filing says the company repaid and terminated that $1 billion facility on May 6. A subsidiary then issued $3.3 billion of secured notes with a 7.75% coupon, due in 2031. Core Scientific reported no variable-rate debt outstanding at June 30.
That means a rise in market yields does not immediately increase the interest cost on those secured notes. But the same filing describes an uncapped completion guarantee for specified projects, leaving execution and construction costs central to the investment case.
Core Scientific is also broadening its future customer pipeline. Its July agreement with AMD secured more than 500 megawatts of capacity for end-customer deployments beginning in 2027, with room to expand. The agreement adds potential future revenue; it does not mean that all construction spending has already become cash flow.
IREN shows why customer backing changes the picture
IREN’s August financial update sets out two different financing arrangements. Its Microsoft-related GPU financing of approximately $3.6 billion carried a weighted-average interest rate of 6%, excluding fees, while a separate $2.4 billion financing for the Mackenzie expansion carried a 9% fixed rate.
The company said Microsoft-related financing and customer prepayments covered about 96% of the associated GPU capital expenditure. This is meaningful protection for the equipment budget, but it is not a claim that 96% of every cost involved in building and operating IREN’s wider platform has been covered.
The comparison with CoreWeave’s market yield is not a like-for-like pricing exercise. Customer credit, collateral, maturity, guarantees and the date a transaction closes all affect the cost of debt. It does show why broad claims about “AI financing costs” conceal the project-specific details that matter most.
Customer support does not guarantee project delivery
Cipher Digital provides another example of limited but valuable protection. Its filings describe Google backing certain Fluidstack lease obligations tied to the Barber Lake facility.
Such an arrangement can strengthen the payment support behind a project. Its scope still matters: backing specified tenant obligations does not automatically pay for construction overruns, every operating expense or unrelated developments owned by the same company.
Before colocation revenue begins, power connections, equipment installation and commissioning all have to be completed on schedule. A strong customer agreement improves the path to payment; it cannot turn unfinished capacity into operating capacity.
Bitcoin can fund the transition once; construction spends repeatedly
Several miners have used Bitcoin treasury sales during their AI transition. Those proceeds can help pay for development, reduce debt or strengthen liquidity.
But an asset sale is a one-time source of cash, while construction requires successive payments before customers start paying. Lower Bitcoin prices reduce the dollars available from any remaining holdings, while weaker equity markets can make a new share sale more dilutive.
The central test for miners moving into AI: not the headline value of a contract, but the gap between money still needed to finish the facility and cash the customer has begun to pay.
CoreWeave’s debt selloff does not place every AI-expanding miner in the same position. Companies with fixed debt, customer-backed equipment funding or tightly defined payment support have more protection than those still dependent on new capital. In every case, the remaining spending, contract conditions and delivery timetable determine how much protection those structures actually provide.
This article is provided for informational purposes only and does not constitute financial or investment advice. Financing figures reflect the dates of the cited disclosures; market yields can change rapidly.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets.
His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream.
He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets.
Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines.
During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
TRV stock slides 4.02% in pre-market trading despite a strong third quarter.
Travelers posts $1.917 billion in Q3 net income, rising 2% from a year ago.
Core earnings rise 4% to $1.947 billion as investment income supports results.
Catastrophe losses reach $538 million, up from $402 million a year earlier.
Travelers buys back $1.508 billion in shares and declares a $1.25 dividend.
The Travelers Companies (TRV) stock fell 4.02% to $368.72 in Friday’s pre-market trading despite its stronger third-quarter earnings. Shares closed Thursday at $383.89, up 1.61%, before the decline erased those gains. The insurer reported $1.917 billion in net income alongside higher catastrophe costs.
The Travelers Companies, Inc., TRV
Earnings Rise Despite Higher Catastrophe Costs
Travelers reported $9.04 in diluted earnings per share, versus $8.24 a year earlier. Net income increased 2% from $1.888 billion, while core income rose 4% to $1.947 billion. Core earnings reached $9.18 per diluted share, compared with $8.14 last year.
Higher favorable reserve development and investment income supported results, although storms increased catastrophe losses. The company recorded $538 million in catastrophe losses, up from $402 million a year earlier. Meanwhile, favorable prior-year reserve development rose to $234 million from $22 million.
Underwriting gains reached $1.432 billion, increasing $54 million from the previous year. The combined ratio improved to 86.8% from 87.3%, reflecting stronger underwriting profitability. However, the underlying combined ratio edged up to 84.1% from 83.9%, indicating slightly higher underlying costs.
Premium Growth Varies Across Insurance Segments
Quarterly net written premiums totaled $11.480 billion, nearly unchanged from the previous year’s $11.473 billion. Excluding Canadian businesses sold this year, premiums grew 2%. Business Insurance premiums increased 3% to $5.868 billion, supported by renewals and new business.
Bond and Specialty Insurance generated $1.209 billion in written premiums, up 12%. The segment benefited from increased surety activity, while new business rose 18% annually. Conversely, Personal Insurance premiums declined 7% to $4.403 billion during the quarter.
Investment income rose as yields and average invested assets increased. Pre-tax net investment income rose 6% to $1.098 billion, while after-tax income reached $908 million. However, realized investment losses totaled $30 million after taxes, compared with $21 million in gains previously.
Share Repurchases Continue As Book Value Declines
Travelers returned approximately $1.8 billion to shareholders through repurchases and other capital distributions. It repurchased four million shares for $1.508 billion, averaging $376 per share. Travelers retained $2.415 billion under repurchase authorizations at September’s end.
Shareholders’ equity fell 12% from year-end 2025 to $28.995 billion as unrealized losses increased. Higher interest rates pressured the investment portfolio, reducing book value per share 6% to $141.48. Nevertheless, adjusted book value per share rose 9% to $172.47 over the same period.
For the first nine months, net income climbed 54% to $5.836 billion. The board declared a $1.25 quarterly dividend, payable December 31 to shareholders of record on December 10. Its nine-month combined ratio improved 6.9 points to 86.3%, reflecting lower catastrophe costs.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Datadog trained its operations and maintenance (O&M) AI using Zhipu AI’s GLM model: The AI resolved 80 out of 90 fault evaluation cases, tying with GPT-6 Astra in score.
Insight Beating AI Flash News: U.S. monitoring software firm Datadog has launched its first dedicated operations and maintenance (O&M) model, Scout 1.0, built on Zhipu AI’s open-source GLM-5.3 Flash. Designed specifically for troubleshooting online system failures, Scout can query logs, monitoring metrics, and service call traces to gradually identify root causes of issues. Datadog built a simulation environment using real incident and monitoring data, then trained the model via reinforcement learning to eliminate false clues and support diagnostic conclusions with evidence. In 90 fault-troubleshooting tasks from public benchmark SREGym, Datadog’s self-test of Scout’s highest inference tier completed 80 diagnostic and repair tasks, tying with GPT-6 Astra xhigh and only 2 tasks fewer than GPT-6.1 Sol xhigh. The original GLM-5.3 Flash finished 66 tasks. In Datadog’s internal AlertEval evaluation, Scout’s mid-tier diagnostic quality is close to GPT-6.1 Sol high and Claude Opus 5.5 high, with an estimated inference cost 3 to 8 times lower. Compared to GPT-6 Astra medium, the cost is roughly 19 times lower. Scout has been integrated into Datadog’s Bits Investigation and is currently available in a closed preview to a small number of customers. At this stage, it mainly focuses on identifying fault causes and proposing recovery suggestions; automatic repair remains a future R&D goal.
9 minutes ago
NVIDIA is reportedly in talks to acquire Reflection's open-source Beam: Ranks second among U.S. open-source entities, trailing Meta by 9 points.
Beating AI Insight News Brief: US AI firm Reflection has uploaded the weights of its first large language model Beam 1.0 to Hugging Face, fulfilling its October 5 announcement. The model uses a Mixture-of-Experts (MoE) architecture, has a total of 501 billion parameters, with around 23 billion activated per inference, and supports a 1 million-token context window. Three versions—BF16, FP8, and NVFP4—are released simultaneously under the Apache 2.0 license, allowing commercial use and secondary development. Reflection also open-sourced its accompanying programming agent framework Mirror CLI, which supports tool calling, parallel task execution by multiple agents, and custom model interfaces. The company additionally launched DFlash2, a model accelerator that generates multiple candidate tokens in advance for validation by the main model. The vLLM team optimized Beam’s underlying code using the programming agent: on 8 GB200 GPUs, the per-step computation time for single-request decoding dropped from 8.95 milliseconds to 3.30 milliseconds, reaching 2.71 times the speed of the initial version. The release is backed by over 40 partners including AWS, Google Cloud, and NVIDIA. A recent independent evaluation by Artificial Analysis scored it 30 points, ranking second among open-weight models in the US, trailing only Meta’s Muse Spark Open (39 points). However, it falls behind Chinese models such as DeepSeek V4 Flash (39 points) and Zhipu GLM-5.3 (45 points). Reflection is valued at approximately $25 billion. On October 10, the Financial Times reported that NVIDIA, which has already invested around $800 million, is discussing further capital injection or an acquisition of Reflection.
9 minutes ago
Cantor Fitzgerald raised its price target for MSTR to $208, and forecasts Bitcoin will climb to $112,000 over the next 12 months.
Investment bank Cantor Fitzgerald today raised its price target for Strategy (Nasdaq: MSTR) from $186 to $208, while maintaining an Overweight rating. Analyst Ramsey El-Assal upgraded his 12-month Bitcoin price forecast from $98,000 to $112,000 in the latest report. The report also updated the company’s latest Bitcoin holdings data (approximately 848,000 coins) and lifted its enterprise value valuation from around $97 billion to roughly $110 billion. The adjustment reflects the analyst’s more optimistic assessment of the value of Strategy’s Bitcoin reserves, though the market remains focused on related risks such as whether the company may be removed from some MSCI indices.
9 minutes ago
TSLA dipped at the open, with a whale’s short position turning from unrealized loss to profit.
After the U.S. stock market opened, the TSLA contract on Hyperliquid dipped to $364.8, down around 1.3%. It briefly fell below the ~$365.3 level recorded at the start of the Roadster launch, erasing all gains made after the event. A whale address 0x0242…ffa1 holds TSLA short positions worth approximately $10.5 million; the short once had an unrealized loss of ~$310,000, and now has an unrealized profit of ~$66,000, with the position still open. Another whale address 0x7d04…9e7b’s TSLA long positions were partially liquidated: around 2,093 contracts were force-liquidated, worth ~$764,000, resulting in a realized loss of ~$27,800. The address still holds ~6,697 TSLA long positions, using 20x full leverage, valued at ~$2.45 million, currently with an unrealized loss of ~$84,000, and the liquidation price for its remaining positions is ~$361.8.
9 minutes ago
Bitcoin ETFs See $15.86M Inflow, Ethereum ETFs Lose $60.84M in Single Day
Cobo Wallet App announces it will shut down its services on December 1, and users must withdraw their assets in advance.
Cobo Wallet announced in a statement that its app services will officially shut down on December 1, 2026. Users are required to withdraw all assets and update Cobo Wallet receiving addresses previously set on other platforms by 23:59 on November 30. The notice warns that users who fail to withdraw assets within the deadline will incur account maintenance fees. This adjustment will directly impact users who still use the Cobo Wallet App for asset storage and receiving, and affected users should promptly confirm their on-chain assets, receiving addresses, and withdrawal whitelist settings on associated platforms. After the app shuts down, Cobo will charge a monthly account maintenance fee for any remaining assets in users’ accounts. The fee is calculated on a coin basis, equal to 2% of the remaining assets, with a minimum monthly charge equivalent to 100 U.S. dollars. Users who fail to complete asset withdrawals before the app shutdown will be deemed to have agreed to this fee arrangement. The statement did not specify the specific reason for the service shutdown, nor did it disclose whether other products or institutional businesses under Cobo will be affected.
Worldcoin (WLD) gained 6.60% to $0.5394 on Coinbase during the October 16 session.
South Korean trading interest intensified, with WLD’s reported domestic trading share reaching 26.5 times its global share.
Derivatives open interest climbed 23.51% to $322.4 million, an increase of approximately $61.4 million in outstanding positions.
WLD faces an immediate test near $0.54, while the rising channel and October 16 low define the downside risk.
Worldcoin (WLD) rallied on October 16 as unusually concentrated South Korean trading activity coincided with a sharp expansion in global derivatives positioning.
At the time of writing WLD trades at $0.5394, gaining 6.60% during the session. The token opened at $0.5058, fell to $0.4925 and subsequently reached an intraday high of $0.5459.
The recovery followed several volatile sessions. Historical market data show that WLD fell approximately 11% on October 12 before recovering part of those losses later in the week.
The latest advance is notable for the scale of the accompanying derivatives expansion. Rather than declining as traders close existing contracts, outstanding positions have increased sharply, suggesting that new speculative exposure is being established during the rebound.
South Korean Trading Interest Accelerates
Worldcoin led South Korea’s domestic cryptocurrency interest index on October 16 with a reported score of 85.6 points, according to TokenPost.
Domestic trading volume reached 89.87 billion won, approximately $65 million, while WLD’s share of Korean cryptocurrency trading was reportedly 26.5 times its corresponding global share.
The concentration points to unusually strong local participation.
A geographical imbalance of this magnitude can influence short-term trading conditions, particularly when local demand is strong enough to attract arbitrage activity between exchanges.
However, the reported ratio compares market shares, not net purchases. High turnover can result from repeated buying and selling of the same tokens.
WLD’s global 24-hour trading volume also increased 36.55% to approximately $399.5 million, indicating that activity expanded beyond the Korean market.
The combination of concentrated domestic interest and rising global turnover provides a credible explanation for the increased attention surrounding WLD, although neither measure independently establishes the direction of net capital flows.
WLD Open Interest Expands by $61 Million
Derivatives data from Coinalyze provides a more direct measure of changing market participation.
The supplied market snapshot shows total WLD open interest increasing 23.51% over 24 hours to $322.4 million.
That implies approximately $261 million in outstanding positions a day earlier, meaning the reported dollar value of open interest expanded by roughly $61.4 million.
The exchange breakdown reveals a highly concentrated derivatives market.
Binance accounts for $111.9 million, followed by Bybit at $90.9 million, Hyperliquid at $79.1 million and OKX at $37.2 million. Together, those four venues represent approximately 99% of reported open interest.
WLD / Derivatives Monitor
Where Traders Hold WLD Exposure
Exchange-level open interest · October 16, 2026
Total Open Interest
$322.4M
24H Change
+23.51%
Market Share Distribution
% of reported OI
Binance, Bybit and Hyperliquid account for approximately 87.4% of reported positions.
Binance
34.7%
$111.9M
Bybit
28.2%
$90.9M
Hyperliquid
24.5%
$79.1M
OKX
11.5%
$37.2M
Values calculated from the supplied derivatives snapshot. Exchange shares are rounded; remaining venues account for approximately 1.1%.
The increase contrasts with WLD’s October 10 advance, when Binance futures open interest declined 9.33% as prices rose. That earlier combination was consistent with traders closing existing positions, including potential short covering.
The latest expansion suggests a different trading environment.
Rising prices alongside higher open interest indicate growing participation, but they do not establish that bullish positions dominate. Every new derivatives contract involves both a buyer and a seller.
Funding rates would help clarify which side is paying to maintain exposure. Without synchronized funding data across the leading exchanges, the increase in open interest is best interpreted as expanding speculative activity rather than proof of an overcrowded long trade.
The practical consequence is greater sensitivity to sudden price changes if leveraged positions become concentrated.
WLD Tests Fibonacci Resistance Near $0.54
Worldcoin’s daily chart shows an ascending channel that has guided the recovery since September.
The latest rebound developed near the channel’s lower boundary, bringing WLD back toward the 23.6% Fibonacci retracement at $0.5431.
Worldcoin trades near $0.54 within an ascending channel, with RSI and MACD signaling mixed momentum. Source: TradingView, Chart by Alexander Zdravkov
That level is calculated from the broader swing between $0.2933 and $0.6203.
WLD briefly exceeded the retracement during the October 16 session, but the quoted price remained slightly below it at the chart’s timestamp.
Two technical scenarios now define the near-term setup.
Bullish continuation: A sustained daily close above the $0.5431–$0.5459 resistance area would strengthen the recovery and bring the upper portion of the ascending channel back into focus. The previous swing high at $0.6203 remains the broader upside reference.
Bearish breakdown: A daily close below the October 16 low of $0.4925, accompanied by a break of the rising channel boundary, would undermine the current stabilization attempt. The 50% Fibonacci retracement at $0.4568 would then become a relevant lower reference.
The $0.50 region is particularly important because recent price action has repeatedly tested that area and the channel’s rising support line passes nearby.
Momentum indicators remain mixed.
The relative strength index stands at 55.10, slightly below its moving average of 55.92. Meanwhile, the MACD line at 0.0160 remains below its signal line at 0.0230, producing a negative histogram of approximately -0.0069.
The RSI reading shows that WLD has recovered above the neutral midpoint, while MACD indicates that upside momentum has not yet regained its earlier strength.
That divergence makes the current resistance test more significant than the percentage gain alone.
Worldcoin’s Unlock Schedule Adds a Supply Consideration
Worldcoin’s derivatives expansion is occurring alongside continued scheduled token releases.
According to World’s official tokenomics announcement, the daily WLD unlock rate decreased approximately 43% on July 24, 2026, from 5.1 million to 2.9 million tokens.
The reduction included community allocations falling from 3.2 million to 1.6 million WLD per day, while investor and team allocations declined from 1.9 million to 1.3 million.
The project uses continuous daily unlocks rather than a single monthly release event.
At the October 16 quoted price, the current scheduled rate represents approximately $1.56 million in notional token value per day, or $46.9 million over 30 days.
These figures measure the value of tokens becoming unlocked, not confirmed exchange sales. The distinction is especially relevant because World’s tokenomics whitepaper separates unlocked supply from circulating supply, with some unlocked tokens remaining outside active circulation.
The slower unlock schedule reduces the pace at which restrictions expire, but existing circulating tokens and future releases remain part of WLD’s supply outlook.
For traders, the immediate assessment is more narrowly defined.
WLD has recovered toward $0.54 while South Korean activity remains concentrated and global derivatives exposure expands. A confirmed break above the latest intraday high would strengthen the bullish price structure, while a loss of $0.4925 alongside the ascending channel would favor renewed downside pressure.
Alexander Zdravkov is a crypto journalist and market analyst specializing in digital assets, blockchain technology, and the rapidly evolving cryptocurrency market. He entered the industry more than four years ago, drawn to the speed of innovation in crypto and the potential of blockchain-based financial systems to reshape traditional markets.
His work focuses on understanding the forces behind crypto market movements, from Bitcoin and altcoin cycles to institutional adoption, regulation, exchange-traded products, stablecoins, DeFi, and emerging blockchain ecosystems. Rather than simply following price action, Alexander looks at liquidity, investor positioning, market structure, and macroeconomic conditions to identify developing trends and explain what they could mean for digital assets.
With a degree in International Relations, he brings a broader perspective to cryptocurrency coverage by connecting developments in the sector with monetary policy, geopolitics, regulation, and global capital flows. This allows him to examine crypto not as an isolated market, but as an increasingly interconnected part of the global financial system.
Over the course of more than five years in financial journalism, Alexander has written over 5,000 articles covering cryptocurrencies, blockchain, traditional markets, and the global economy. His reporting spans Bitcoin, Ethereum and altcoins, DeFi protocols, institutional crypto adoption, regulation, market infrastructure, security incidents, and major developments shaping the wider digital asset industry.
His approach is centered on giving readers context behind the numbers and headlines, explaining not only what is happening in crypto markets, but why it matters and what could come next.
New York City Comptroller Calls on Anthropic to Delay Large-Scale IPO Until AI Security and Governance Risks Are Addressed.
According to Bloomberg, New York City Comptroller Mark Levine has urged Anthropic to delay its planned IPO until the company addresses AI safety and governance risks. Anthropic has since engaged in discussions with Levine. Levine oversees public pension funds holding over $325 billion in assets, warning that a major AI safety incident post-IPO could severely harm investor interests. Reports indicate Anthropic aims to conduct its IPO as early as November, with its quarterly revenue previously totaling $16.8 billion.
1 seconds ago
Lighter posted a notice announcing it will launch options trading services.
Lighter's official account took to social media to post "Options season. Coming soon", teasing the upcoming launch of its options trading service, with specific details still unannounced.
1 seconds ago
DeepSeek integrates four teams to launch a new product department, helmed by former Jane Street engineer Cui Tianyi.
Beating AI News Flash: DeepSeek has restructured its organization, integrating the Agent Harness, Web, App, and Platform teams into a Product Department that will oversee product, design, and related R&D work. On October 16, newly appointed head Cui Tianyi confirmed the news to The Paper. Cui, a computer science graduate from Zhejiang University, has won six ACM Asia Regional Contest gold medals and spent nine years at quantitative trading firm Jane Street. He joined DeepSeek in March this year and was tasked with building the Agent Harness team. The team’s developed DeepSeek Harness was open-sourced in August, with Windows and macOS desktop preview versions launched in September. The latest restructuring merges the team in charge of the Agent runtime framework with the web, App, and open platform teams. DeepSeek will no longer separate underlying agent capabilities from user product development, instead unifying oversight under the same department. The new department has also started recruiting product managers and designers.
1 seconds ago
Likely impacted by the warning of being removed from the MSCI index, MSTR opened more than 4% lower.
According to market data from BIT (bit.com), MSTR opened more than 4% lower and is currently trading at $145.1, likely impacted by MSCI's warning that Strategy may be removed from its global index.
1 seconds ago
Changxin projects net profit of RMB 131 billion to RMB 132.5 billion for the first three quarters of 2026, and plans to repurchase shares worth RMB 1 billion to RMB 2 billion via centralized bidding transactions.
Changxin Technology announced that it expects its operating revenue for the first three quarters of 2026 to range from RMB 265 billion to RMB 270 billion, a year-on-year increase of RMB 232.916 billion to RMB 237.916 billion. The company also projects net profit attributable to its listed shareholders to be between RMB 131 billion and RMB 132.5 billion, compared with a net loss of RMB 5.28 billion in the same period last year, marking a year-on-year turnaround from loss to profit.
The company attributed the results to factors including growing demand for AI computing power and improving prosperity in the DRAM sector, which have led to tight product supply and sharp price hikes. Changxin is advancing capacity construction, product R&D, process technology upgrades, optimizing operational management, and expanding its market presence.
Additionally, the company’s board of directors received a letter on October 16, 2026, from Chairman Zhu Yiming proposing a share repurchase plan. The repurchase will be carried out via centralized bidding transactions, with total funds ranging from no less than RMB 1 billion (inclusive) to no more than RMB 2 billion (inclusive), and the repurchase price will not exceed 150% of the average trading price of the company’s stock over the 30 trading days prior to the board’s resolution approving the repurchase plan. The repurchased shares are intended for employee equity incentives, employee stock ownership plans, or reducing the company’s registered capital; the relevant plan still requires approval from the board of directors or the general meeting of shareholders.
(Source: Jinshi)
1 seconds ago
US stock market opens with mixed performance across its three major indices, while the storage sector sees broad declines.
According to BIT (bit.com market data), the US stock market opened as follows: the Dow Jones rose 0.35%, the S&P 500 gained 0.1%, and the Nasdaq declined 0.23%. Tesla (TSLA.O) climbed 1.6% as its "flying" Roadster was officially unveiled. Apple (AAPL.O) rose 1%, with its iPhone Duo pre-orders selling out immediately. The storage sector opened lower across all five trading days this week; SK Hynix (SKHY.O) fell 3.8%, and SanDisk (SNDK.O) dropped 3.4%.
CoreWeave (NASDAQ: CRWV) shares fell 4.75% to $66.38 in premarket trading Friday amid continuing concerns over the company’s debt-funded AI infrastructure expansion, despite Cathie Wood’s ARK Invest buying 381,231 shares over the previous two trading sessions.
CoreWeave’s 9.625% unsecured notes due in 2032 traded below 80 cents on the dollar on Wednesday, pushing their secondary-market yield above 15%. The bonds recovered to about 81 cents on Thursday, with yields around 14.6%, but remained well below face value.
The higher secondary-market yields reflect the bonds’ lower trading prices, not a change in their fixed 9.625% coupon. The bond market pressure comes as CoreWeave relies heavily on external capital to buy advanced Nvidia processors and expand its data centers.
ARK purchased an additional 192,566 CoreWeave shares on Thursday, including 148,950 through its ARK Innovation ETF (ARKK) and 43,616 through the ARK Next Generation Internet ETF (ARKW), according to the investment firm’s daily trade disclosures. The latest purchase was worth approximately $13.4 million at Thursday’s closing price of $69.69.
The transaction followed Wednesday’s purchase of 188,665 shares across the same two funds, valued at approximately $12.4 million using that day’s closing price of $65.78. Based on the respective closing prices, the combined purchases totaled an estimated $25.8 million. The calculation does not reflect the actual prices ARK paid for the shares.
CoreWeave Shares Swing as Nvidia Addresses Financing Concerns The purchases came during a sharp selloff in CoreWeave shares. The stock dropped 15.46% on Wednesday before staging a volatile recovery Thursday, when it touched a new 52-week low of $59.51 and then rebounded 5.94% to close at $69.69.
During Thursday’s session, Nvidia CEO Jensen Huang told Bloomberg that CoreWeave’s financial strength was improving and its cost of capital was declining. He also said he saw no need for Nvidia to provide a financial backstop to the company, an assessment that contrasted with the recent rise in yields on CoreWeave’s unsecured bonds.
Nvidia already has a separate commercial agreement with CoreWeave, initially valued at $6.3 billion, that requires it to purchase residual unsold cloud-computing capacity through April 2032, subject to contractual conditions. The arrangement, disclosed in a September 2025 SEC filing, is a commercial purchase commitment rather than a debt guarantee.
Friday’s premarket decline wiped out about 85% of Thursday’s $3.91-per-share gain, leaving the stock slightly above its Wednesday closing price.
Financing Costs Draw Fresh Analyst Scrutiny Morningstar lowered its CoreWeave valuation to $108 from $115, according to a Friday report. The research firm cited financing risks, noting that lower rates on the company’s delayed-draw term loans did not guarantee additional investment-grade financing. It also flagged competition for capital from larger hyperscalers with stronger credit profiles.
On Thursday, Mizuho analyst Gregg Moskowitz lowered his price target on CoreWeave to $88 from $115, a reduction of approximately 23.5%, while maintaining a Neutral rating.
During the second quarter, CoreWeave reported $9.4 billion in capital expenditures against revenue of $2.58 billion, illustrating the scale of its ongoing infrastructure expansion.
As of June 30, CoreWeave carried approximately $35.1 billion in borrowings and another $16.5 billion in operating and finance lease liabilities, according to its second-quarter SEC filing. Its second-quarter net interest expense reached $640 million.
According to Reuters, CoreWeave CEO Mike Intrator told employees in a Wednesday memo that the company’s contracted backlog was large enough to cover its debt obligations with room to spare.
The company reported approximately $104.2 billion in revenue backlog as of June 30, excluding more than $25 billion in additional customer commitments secured early in the third quarter. That backlog represents expected future revenue under committed contracts, subject to service delivery requirements, rather than cash immediately available to fund operations.
At the indicated Friday premarket price, CoreWeave shares were approximately 19% below their October 9 close of $82.08.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
DeepSeek integrates four teams to launch a new product department, helmed by former Jane Street engineer Cui Tianyi.
Beating AI News Flash: DeepSeek has restructured its organization, integrating the Agent Harness, Web, App, and Platform teams into a Product Department that will oversee product, design, and related R&D work. On October 16, newly appointed head Cui Tianyi confirmed the news to The Paper. Cui, a computer science graduate from Zhejiang University, has won six ACM Asia Regional Contest gold medals and spent nine years at quantitative trading firm Jane Street. He joined DeepSeek in March this year and was tasked with building the Agent Harness team. The team’s developed DeepSeek Harness was open-sourced in August, with Windows and macOS desktop preview versions launched in September. The latest restructuring merges the team in charge of the Agent runtime framework with the web, App, and open platform teams. DeepSeek will no longer separate underlying agent capabilities from user product development, instead unifying oversight under the same department. The new department has also started recruiting product managers and designers.
11 minutes ago
Likely impacted by the warning of being removed from the MSCI index, MSTR opened more than 4% lower.
According to market data from BIT (bit.com), MSTR opened more than 4% lower and is currently trading at $145.1, likely impacted by MSCI's warning that Strategy may be removed from its global index.
11 minutes ago
Changxin projects net profit of RMB 131 billion to RMB 132.5 billion for the first three quarters of 2026, and plans to repurchase shares worth RMB 1 billion to RMB 2 billion via centralized bidding transactions.
Changxin Technology announced that it expects its operating revenue for the first three quarters of 2026 to range from RMB 265 billion to RMB 270 billion, a year-on-year increase of RMB 232.916 billion to RMB 237.916 billion. The company also projects net profit attributable to its listed shareholders to be between RMB 131 billion and RMB 132.5 billion, compared with a net loss of RMB 5.28 billion in the same period last year, marking a year-on-year turnaround from loss to profit. The company attributed the results to factors including growing demand for AI computing power and improving prosperity in the DRAM sector, which have led to tight product supply and sharp price hikes. Changxin is advancing capacity construction, product R&D, process technology upgrades, optimizing operational management, and expanding its market presence. Additionally, the company’s board of directors received a letter on October 16, 2026, from Chairman Zhu Yiming proposing a share repurchase plan. The repurchase will be carried out via centralized bidding transactions, with total funds ranging from no less than RMB 1 billion (inclusive) to no more than RMB 2 billion (inclusive), and the repurchase price will not exceed 150% of the average trading price of the company’s stock over the 30 trading days prior to the board’s resolution approving the repurchase plan. The repurchased shares are intended for employee equity incentives, employee stock ownership plans, or reducing the company’s registered capital; the relevant plan still requires approval from the board of directors or the general meeting of shareholders. (Source: Jinshi)
11 minutes ago
US stock market opens with mixed performance across its three major indices, while the storage sector sees broad declines.
According to BIT (bit.com market data), the US stock market opened as follows: the Dow Jones rose 0.35%, the S&P 500 gained 0.1%, and the Nasdaq declined 0.23%. Tesla (TSLA.O) climbed 1.6% as its "flying" Roadster was officially unveiled. Apple (AAPL.O) rose 1%, with its iPhone Duo pre-orders selling out immediately. The storage sector opened lower across all five trading days this week; SK Hynix (SKHY.O) fell 3.8%, and SanDisk (SNDK.O) dropped 3.4%.
11 minutes ago
AI-related stocks in the US stock market came under renewed pressure at the opening, while crypto-related stocks posted synchronized broad declines.
According to BIT (bit.com) market data, U.S. stocks opened with the Dow Jones up 0.35%, S&P 500 up 0.1%, and Nasdaq down 0.23%. Individual stock moves: SPCX down 2.49%, ORCL down 1.76%, NVDA down 0.46%. Optical module stocks: COHR down 2.47%, LITE down 0.79%, AAOI down 2.84%, NOK down 0.21%, MRVL down 2.29%; storage stocks: SKHY down 4.23%, STX down 2.17%, WDC down 3.07%, SNDK down 3.02%, MU down 3.03%; crypto-related stocks: SBET down 3.42%, BMNR down 2.83%, GEMI down 2.68%, BLSH down 0.96%, CRCL down 1.16%, MSTR down 4.33%, COIN down 2.05%, ASST down 2.11%.
11 minutes ago
NeoSoul (DNA) briefly broke through $0.3.
According to GMGN market data, NeoSoul (DNA) briefly broke through $0.3, and is now trading at $0.28, with a fully diluted valuation (FDV) of $280 million and a 24-hour trading volume of $37 million.
XRP is testing its 200-day SMA zone as its 2023 rebound offers a historical comparison that would map a recovery toward roughly $3.20.
XRP has returned to the same long-term moving-average area that helped establish a recovery base in 2023.
With XRP now trading near $1.31 and its 200-day simple moving average around $1.37, the immediate test is whether buyers can reclaim the trend line and repeat part of the earlier rebound.
XRP 200 Day SMA Rebound Scenario
XRP is currently about 4% below the 200-day SMA. That makes the present setup slightly weaker than a clean support test from above: price first needs to recover the average before it can attempt to turn it back into support.
XRP Defended the $0.40 Area in 2023
In March 2023, XRP pushed above its 200-day SMA, which stood near $0.40 at the time. Price later returned toward the same broader moving-average area in May, briefly slipping below it before recovering.
Historical data places XRP’s May low near $0.4217, while contemporary analysis highlighted $0.40 as the main support zone.
That defense eventually preceded a much larger move. XRP reached approximately $0.938 on July 13, representing an increase of roughly 134.5% from $0.40.
The strongest leg of that rally followed the court ruling in the SEC’s case against Ripple, so the 200-day average was not the only driver. It acted as a technical foundation before a separate catalyst accelerated the move.
What a Similar XRP Bounce Would Mean in 2026
The current 200-day SMA is near $1.3665. Applying the same 134.5% increase recorded from the 2023 support area would produce an XRP price of approximately $3.20.
That is a historical-repeat calculation rather than a fixed forecast.
From the current price near $1.31, reaching $3.20 would require an advance of about 145%.
The resulting level would still sit below XRP’s 2025 peak near $3.66, meaning the scenario would represent a substantial recovery without necessarily producing a new record.
XRP Must First Reclaim the 200-Day SMA
The 2023 comparison only becomes useful if XRP recovers above the 200-day SMA and holds it.
A move back above roughly $1.37, followed by a successful retest, would show that buyers are again defending the longer-term trend measure. That would give XRP a base from which to attempt a broader recovery.
Continued trading below the average would weaken the comparison. Instead of acting as support, the 200-day SMA would become overhead resistance, leaving XRP vulnerable to further downside before any larger bounce develops.
The current setup is therefore not yet at the projected stage. XRP first needs to reclaim its 200-day SMA. If it then reproduced the scale of its 2023 recovery from that moving-average zone, the proportional target would sit near $3.20.
GIBRALTAR, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Aurora Intents, the cross-chain execution solution built by Aurora Labs, now powers deposits intoElara Finance directly from Solana. Solana users can now deposit into Elara, a treasury product from the Brila ecosystem, with one signature from their Solana wallet. Staked as sELUSD, Elara's stablecoin elUSD earns yield from stablecoin market making, giving Solana users a way to put idle stablecoins to work without leaving their wallet.
Moving tokens across chains is only half the problem. The harder part is doing something with them once they arrive: minting, staking, depositing. Intents Connect handles that last step, so an app can let users act on another chain from the wallet they already use.
Funds move to Ethereum, where Elara mints elUSD. From there, the user stakes it into sELUSD with a second signature from the same Solana wallet. Both tokens stay on Ethereum in an account controlled by the user’s Solana wallet. Aurora Intents never holds the funds.
"Every extra step between a user and a product costs that product deposits," said Declan Hannon, CEO of Aurora Labs. "Bridging and buying gas are two steps most Solana users would rather skip. Elara can now accept those users as they are, and Aurora Intents handles everything in between."
The return trip works the same way. Users unstake sELUSD, redeem ELUSD for stablecoins, and Aurora Intents returns the funds to their Solana wallet.
“Our job is to make idle stablecoins productive, and a lot of that capital is held on Solana,” said Sebastien Davies, Head of Strategy, Elara. “Aurora Intents gives those holders a direct route into Elara without bridging or managing a second wallet. It brings our yield to them, wherever their funds are.”
Today’s launch connects Solana wallets to Elara, with deposits and withdrawals handled from the same wallet. The Solana route is live now at app.elara.fi.
Aurora Intents powers that connection through NEAR Intents, a solver network that has processed more than $34 billion in transactions.
About Aurora Intents
Aurora Intents is the cross-chain execution layer for on-chain applications. It enables users and systems to move assets, execute actions, and access liquidity across chains - without bridging screens, wallet switching, or per-chain gas management. Aurora Intents is built on top of NEAR Intents, the underlying solver network developed by NEAR Protocol.
About Elara Finance
Elara Finance is a treasury management product from the Brila ecosystem. Users deposit stablecoins to mint elUSD, a dollar-referenced treasury asset, and stake it as sELUSD to earn yield from stablecoin market making.
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Maha Shah
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This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will support the Velodrome Finance (VELODROME) token merge to Aerodrome (AERO) and the AERO contract swap. General TradingAt 2026-11-03 03:00 (UTC), Binance will remove all existing VELODROME spot trading pairs (i.e., VELODROME/USDT) and cancel all pending VELODROME spot trading orders.Trading on existing AERO spot trading pairs will not be affected.Deposits and WithdrawalsVELODROME:At 2026-11-03 03:30 (UTC), deposits and withdrawals of VELODROME tokens will be suspended. Users should ensure they leave sufficient time for their VELODROME token deposits to be fully processed prior to this time. After the event is complete, deposits and withdrawals of VELODROME tokens will no longer be supported.AERO:At 2026-11-03 03:30 (UTC), deposits and withdrawals of AERO tokens will be suspended. Users should ensure they leave sufficient time for their AERO token deposits to be fully processed prior to this time. After the event is complete, Binance will make a separate announcement to inform users when deposits and withdrawals of AERO tokens have opened.Binance will handle all technical requirements for users who are involved in these events.Users may refer to the announcement from the project team for more information. Please take note of these key tokenomics changes after this event: The total supply of AERO will increase from 2 billion to 2.12 billion.The circulating supply of AERO will increase from 1 billion to 1.07 billion.Risk warning banner and pop-up notification will be displayed on the Binance trading page.More information can be found here. Token Merge All VELODROME tokens will be swapped to AERO at a ratio of 1 VELODROME = 0.044 AERO. Contract Swap All old AERO tokens will be swapped to new AERO at a ratio of 1 old AERO = 1 new AERO. Spot At 2026-11-02 03:00 (UTC),Binance Spot Copy Trading will remove the aforementioned spot trading pairs. After this time, any outstanding spot trading pairs will be moved to the Spot Account. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to this time to avoid potential losses.At 2026-11-03 03:00 (UTC), Binance will remove and cease trading on all spot trading pair(s) for VELODROME. The exact trading pair being removed is VELODROME/USDT. All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will remove Trading Bots services for the aforementioned spot trading pair(s) where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Trading on existing AERO spot trading pairs will not be affected. Futures Starting from 2026-10-28 08:30 (UTC), users are not allowed to open new positions for the aforementioned contract(s). At 2026-10-28 09:00 (UTC),Binance Futures will close all positions and conduct an automatic settlement on the aforementioned contract(s). The aforementioned contract(s) will be removed after the settlement is complete. Users are advised to close any open positions prior to the settlement time to avoid automatic settlement. Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the VELODROMEUSDT symbol(s).During the final hour proceeding the scheduled settlement time of a futures contract, the Futures Insurance Fund will not be utilised to support the liquidation process in respect of that futures contract. Any such liquidation triggered during the final hour will be executed as a single Immediate or Cancel order (“IOCO”), which will be offloaded into the market in one attempt. If, following the execution of the IOCO, the assets remaining available in the user's account are sufficient to meet the required Maintenance Margin (after accounting for realized losses and any applicable Liquidation Clearance Fee), the liquidation will cease. If the IOCO fails to fully reduce the position to a level that satisfies the Margin Maintenance requirements, any unfilled portion of the position will be resolved through the Auto-Deleveraging (ADL) process. Users are strongly advised to actively monitor and manage open positions during the final hour, as this period may be subject to heightened volatility and reduced liquidity.In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the aforementioned contract(s) without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. Margin At 2026-10-20 06:00 (UTC),Binance Margin will suspend Cross Margin and Isolated Margin borrowings on the aforementioned pair(s).At 2026-10-28 10:00 (UTC) (Margin Scheduled Removal Time),Binance Margin will remove VELODROME from Cross and Isolated Margin. The VELODROME/USDT Cross Margin pair, and VELODROME/USDT Isolated Margin pair will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token(s) into their Margin Accounts, less any collateral already available.At the Margin Scheduled Removal Time, Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.At the Margin Scheduled Removal Time, if users hold both collateral and liabilities of the aforementioned token(s) on Cross Margin, the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: The aforementioned tokens will be sold to USDT or USDC, and the proceeds will be added to the user's Margin balance accordingly. Binance is not liable for any losses incurred.If users only hold the aforementioned token(s) in the form of liabilities: All pending orders in their Cross Margin Accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the aforementioned token(s)’ liabilities.Please note that users will not be able to update their positions during the removal process, which may take approximately 3 hours. Users are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading at Margin Scheduled Removal Time Binance will not be responsible for any potential losses.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balances before Margin Scheduled Removal Time where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. All VELODROME balances in the Cross Margin Account under the Portfolio Margin Account will be automatically converted to USDT or USDC from Margin Scheduled Removal Time. The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information. Loans At 2026-10-28 03:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for VELODROME (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding VELODROME loans before this time to avoid any potential losses. Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions. Simple Earn From 2026-11-02 07:00 (UTC), Binance Simple Earn will cease support for VELODROME Simple Earn Flexible Products. Subscriptions will no longer be available. All remaining VELODROME Flexible Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from VELODROME Simple Earn Flexible anytime beforehand without deduction of any accrued rewards. After 2026-11-06 08:00 (UTC), Binance Simple Earn will resubscribe the converted AERO assets for Flexible Products for impacted users. Binance Pay At 2026-10-30 07:00 (UTC), Binance will remove VELODROME from the list of supported cryptocurrencies on Binance Pay. Gift Card Binance Gift Card will remove VELODROME at 2026-11-03 03:00 (UTC). Users are encouraged to manage Gift Cards containing these token(s) in advance to avoid any inconveniences. Convert Binance Convert will remove VELODROME and all associated pairs at 2026-11-03 02:00 (UTC). Convert Low-Value Assets Convert Low-Value Assets will remove VELODROME at 2026-11-02 02:00 (UTC). Users may choose to convert the low-value assets beforehand. Buy & Sell Crypto At 2026-11-02 02:00 (UTC), Buy & Sell Crypto will remove VELODROME and all associated pairs. Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-10-16 Disclaimers: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
SpaceX will release its Q3 financial and operational results after U.S. stock market hours on October 20.
According to official announcements, SpaceX will release its third-quarter 2026 financial and operational results on October 20, 2026. A live audio-only webcast will be held at 3:30 PM Central Time that day.
8 minutes ago
Circle: First-half revenue hits $1.4 billion, with nearly 60% going toward partner and transaction costs.
On October 16, Circle released an announcement stating that in the first half of 2026, USDC on-chain settlement volume exceeded $36 trillion, with Circle minting and redeeming over $315 billion worth of USDC during the same period, averaging around $1.7 billion per day. The company said that as of June, USDC accounted for approximately 77% of global stablecoin trading volume, up from 60% a year prior. What drew more market attention was USDC’s revenue allocation. Circle disclosed that the company generated roughly $1.4 billion in revenue in the first half, of which about $819 million went to USDC distribution partners and transaction costs, accounting for around 59% of total revenue; another $473 million was allocated to licenses, banking partnerships, settlement liquidity, compliance frameworks, product development, and multi-chain deployments, making up roughly 34%. Per the announcement’s metrics, Circle retains only about 7 cents in net profit for every $1 of revenue it earns. The announcement appears to be a response to market skepticism over “stablecoin issuers hoarding reserve profits”. Circle stated that partners can share corresponding reserve earnings by holding and growing USDC balances on their platforms; more than 150 exchanges, wallets, banks, fintech firms, payment platforms, and enterprises have now formed economic ties tied to USDC’s growth. Circle also noted that Binance signed a five-year commercial agreement with it in September and invested $100 million in the company. On the product front, Circle announced an expansion of its free redemption mechanism: all Circle customers can still redeem USDC for free via traditional banking channels, with funds typically arriving in no more than two business days; eligible customers making payments through the Circle Payments Network or using products like Arc, Circle Mint, and Circle Wallets will gain access to free, near-real-time redemption capabilities.
8 minutes ago
Bank of America warns: AI investment boom is showing signs of classic capital cycle risks.
A US bank warns that the AI investment boom is exhibiting signs of classic capital cycle risks: surging spending, intensifying competition, and falling prices. Capital expenditure expectations for large-scale cloud providers have jumped from $330 billion to $1 trillion, roughly equivalent to 3% of U.S. GDP. Meanwhile, AI token prices have dropped approximately 50% since summer, and growth in usage may not translate to sufficient revenue. The key risk is that AI technology could succeed, yet investors will be harmed by overinvestment and declining returns.
8 minutes ago
Circle mints an additional 250 million USDC on the Solana network.
According to monitoring by Whale Alert, Circle minted an additional 250 million USDC on Solana at 20:21 Beijing Time today.
8 minutes ago
Strategy plans to switch STRC to daily dividend payouts, with its annualized dividend rate remaining at 12% in November.
Strategy announced that its variable-rate Series A perpetual preferred stock (STRC) has conditionally declared daily dividends for the period November 1 to November 30, 2026, with the annualized regular dividend rate remaining at 12.00%. The arrangement is contingent on Strategy shareholders’ approval of the daily dividend amendment at its special general meeting on October 28, as well as the completion and entry into force of the relevant preferred stock term revisions. If the conditions are met, STRC will use calendar days as dividend record dates starting November 1, including weekends and U.S. public holidays; corresponding dividends will be paid on the next business day following the applicable record date. This adjustment will change STRC’s cash flow rhythm. The product currently operates on a twice-monthly dividend distribution mechanism; going forward, holders will receive more frequent, smaller individual dividend payments. Strategy stressed that the adjustment will not alter the annualized dividend rate or total annual dividend amount. Should the amendment fail to pass, STRC will continue its existing semi-monthly dividend distribution schedule. Per the proposed terms, the 12% rate will apply to the entire month of November; thereafter, STRC’s applicable dividend rate will be determined monthly, with the company required to announce the next month’s rate by the 15th day of the preceding month.
8 minutes ago
Bank of Japan Governor: Will continue to raise interest rates as underlying inflation approaches 2%
Bank of Japan Governor Kazuo Ueda said the central bank will continue raising interest rates, as underlying inflation is near 2% and financial conditions remain accommodative.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Circle: First-half revenue hits $1.4 billion, with nearly 60% going toward partner and transaction costs.
On October 16, Circle released an announcement stating that in the first half of 2026, USDC on-chain settlement volume exceeded $36 trillion, with Circle minting and redeeming over $315 billion worth of USDC during the same period, averaging around $1.7 billion per day. The company said that as of June, USDC accounted for approximately 77% of global stablecoin trading volume, up from 60% a year prior.
What drew more market attention was USDC’s revenue allocation. Circle disclosed that the company generated roughly $1.4 billion in revenue in the first half, of which about $819 million went to USDC distribution partners and transaction costs, accounting for around 59% of total revenue; another $473 million was allocated to licenses, banking partnerships, settlement liquidity, compliance frameworks, product development, and multi-chain deployments, making up roughly 34%. Per the announcement’s metrics, Circle retains only about 7 cents in net profit for every $1 of revenue it earns.
The announcement appears to be a response to market skepticism over “stablecoin issuers hoarding reserve profits”. Circle stated that partners can share corresponding reserve earnings by holding and growing USDC balances on their platforms; more than 150 exchanges, wallets, banks, fintech firms, payment platforms, and enterprises have now formed economic ties tied to USDC’s growth. Circle also noted that Binance signed a five-year commercial agreement with it in September and invested $100 million in the company.
On the product front, Circle announced an expansion of its free redemption mechanism: all Circle customers can still redeem USDC for free via traditional banking channels, with funds typically arriving in no more than two business days; eligible customers making payments through the Circle Payments Network or using products like Arc, Circle Mint, and Circle Wallets will gain access to free, near-real-time redemption capabilities.
4 minutes ago
Bank of America warns: AI investment boom is showing signs of classic capital cycle risks.
A US bank warns that the AI investment boom is exhibiting signs of classic capital cycle risks: surging spending, intensifying competition, and falling prices. Capital expenditure expectations for large-scale cloud providers have jumped from $330 billion to $1 trillion, roughly equivalent to 3% of U.S. GDP. Meanwhile, AI token prices have dropped approximately 50% since summer, and growth in usage may not translate to sufficient revenue. The key risk is that AI technology could succeed, yet investors will be harmed by overinvestment and declining returns.
4 minutes ago
Circle mints an additional 250 million USDC on the Solana network.
According to monitoring by Whale Alert, Circle minted an additional 250 million USDC on Solana at 20:21 Beijing Time today.
4 minutes ago
Strategy plans to switch STRC to daily dividend payouts, with its annualized dividend rate remaining at 12% in November.
Strategy announced that its variable-rate Series A perpetual preferred stock (STRC) has conditionally declared daily dividends for the period November 1 to November 30, 2026, with the annualized regular dividend rate remaining at 12.00%. The arrangement is contingent on Strategy shareholders’ approval of the daily dividend amendment at its special general meeting on October 28, as well as the completion and entry into force of the relevant preferred stock term revisions. If the conditions are met, STRC will use calendar days as dividend record dates starting November 1, including weekends and U.S. public holidays; corresponding dividends will be paid on the next business day following the applicable record date. This adjustment will change STRC’s cash flow rhythm. The product currently operates on a twice-monthly dividend distribution mechanism; going forward, holders will receive more frequent, smaller individual dividend payments. Strategy stressed that the adjustment will not alter the annualized dividend rate or total annual dividend amount. Should the amendment fail to pass, STRC will continue its existing semi-monthly dividend distribution schedule. Per the proposed terms, the 12% rate will apply to the entire month of November; thereafter, STRC’s applicable dividend rate will be determined monthly, with the company required to announce the next month’s rate by the 15th day of the preceding month.
4 minutes ago
Bank of Japan Governor: Will continue to raise interest rates as underlying inflation approaches 2%
Bank of Japan Governor Kazuo Ueda said the central bank will continue raising interest rates, as underlying inflation is near 2% and financial conditions remain accommodative.
4 minutes ago
Glassnode: Crypto market sellers have surrendered again, potentially signaling a stage bottom for the market.
Glassnode shared data on social media that during yesterday’s BTC price decline, seller capitulation reemerged. Each wave of loss-driven sell-offs aligned perfectly with local bottoms: early August, mid-August, and mid-September. Profit-taking has slowed since the September peak. If this pattern holds, the sell-off that occurred slightly above $80,000 yesterday would signal the bottom.
As the market rebounds, Bonk Guy(@theunipcs)'s portfolio has grown by $1M+ in the past 24 hours.
He remains No. 1 on both #FOMO's 24H and All-Time leaderboards.
https://fomo.family/profile/unipcs
Relevant content
Bank of America: US stocks attracted $39 billion in capital in a single week, but its strategist team remains "risk-averse".
A new Bank of America report shows U.S. stock funds recorded another $39 billion in weekly inflows, putting the annualized inflow on track to reach $636 billion this year, a record high. U.S. Treasuries have logged inflows for 16 consecutive weeks, the longest stretch since August 2024. However, Bank of America’s strategy team led by Michael Hartnett remains "risk-averse", citing rising real yields, price movements in AI and bank stocks, and potential volatility from the midterm elections. EPFR data indicates global stock funds drew around $64.5 billion in inflows in the week ended October 14. U.S. large-cap stocks saw $32.5 billion in inflows, while growth, value, and small-cap stocks posted inflows of $1.6 billion, $1.2 billion, and $1.1 billion respectively. Tech stocks led with $10.7 billion in inflows, while financial and consumer stocks saw outflows of $1.4 billion and $0.6 billion respectively. Emerging markets recorded $17.7 billion in inflows, Japan drew $0.4 billion, and Europe saw outflows of $1.5 billion. Safe-haven assets were also popular: U.S. Treasuries drew $3.6 billion in inflows, investment-grade bonds $3.5 billion, municipal bonds $4.5 billion, and emerging market bonds $0.8 billion. High-yield bonds saw outflows of $0.9 billion for the third straight week. Cash funds saw outflows of $53.1 billion, gold drew only $0.1 billion in inflows, cryptocurrencies saw outflows of around $0.6 billion, and bond funds as a whole posted $11.8 billion in inflows. The fund flows stand in contrast to the cautious stance of Bank of America’s strategists.
10 minutes ago
Viewpoint: Analysts Unconcerned About MSCI, Bullish Consensus for MSTR Remains Solid
CryptoQuant founder Ki Young Ju took to X to share his views on MicroStrategy (MSTR)'s market outlook, noting that analysts are not concerned about potential exclusion from the MSCI index, and MSTR's market consensus remains strongly bullish. Ju cited Wall Street target price estimates for MSTR: Citi at $240, Barclays at $175, and B. Riley at $195, adding that these targets are trending upward rather than downward. He argued that MSCI status is merely a capital flow narrative that has already been priced into the market. According to Ju, the key metrics to watch now are: mNAV of approximately 1.0x, STRC at par value, and $3.75 billion in reserves sufficient to cover dividends. Supported by Wall Street target price hikes and solid financial metrics, MSTR's bullish thesis has not been undermined by the MSCI factor.
10 minutes ago
Celestia launches Eden, a high-performance EVM chain to test AI Agents' autonomous trading and payment capabilities.
Modular blockchain project Celestia has announced the launch of Eden, a high-performance EVM chain built on Celestia. Celestia says Eden will act as an experimental sandbox for "Agentic Commerce", used to test the behavior and infrastructure needs of AI agents when conducting on-chain autonomous payments, transactions, and model calls.
Celestia notes that as AI agents start engaging in more frequent on-chain transactions, market demand for block space, real-time settlement, and low-friction payments will continue to rise. Eden will help teams observe what transaction environment agents need, how they manage funds, and how their on-chain activities will impact network design.
Eden’s first experimental project is Botfun, which is currently in closed beta. Per Celestia, participating agents can issue their own tokens and trade around narratives generated by other agents; each model inference call is paid on-chain via x402. Celestia states this experiment briefly pushed Eden to become one of the largest x402 networks by transaction volume.
Technically, Eden is an EVM-compatible chain supporting atomic batch transactions, application-sponsored gas payments, and larger smart contract deployments, with its native gas token being TIA. These designs will reduce signature and fee friction when agents execute consecutive payments, swaps, and interactions.
10 minutes ago
Analysis: Ethereum’s structure has improved following the leverage wash on the Binance platform, though it lacks bullish catalysts.
Crypto analytics account CryptoOnchain noted in its latest report that Ethereum’s market structure has improved following Binance’s leverage liquidation, but no clear bullish catalyst has emerged. ETH is currently trading around $2,439, down 6.5% over seven days and 5.2% over 30 days, with an overall on-chain score of roughly zero, indicating a neutral stance.
Positive factors cited in the report include: Binance’s open interest fell 4.7% over 30 days to around $6.1 billion, with long liquidations rising 47%, showing fragile leverage is being cleared out; funding rates are also near zero. Additionally, Binance’s ETH reserves dropped 2.4%, reducing its supply share and easing selling pressure; its staking rate stands at 36.1%, in the 98.6th percentile.
However, negative factors are also prominent: Binance’s USDT reserves fell 2.3%, with stablecoin net outflows of around $175 million, indicating insufficient new buying funds; Coinbase’s premium is -0.11, signaling weak institutional demand. On the network activity front, transaction volume dropped 4%, and burn fees fell 58%.
CryptoOnchain concluded that Binance’s leverage has been largely cleared, making the market structure healthier, but no bullish catalyst is yet present. If USDT flows back to Binance and Coinbase’s premium turns positive in the future, Ethereum’s outlook could shift to bullish.
10 minutes ago
The tokenized assets alliance initiated by Coinbase, Circle and other members has launched GAP, a framework for DeFi composability of tokenized securities.
The Tokenized Asset Coalition (TAC) has launched the Global Access Protocol (GAP), a framework designed to enable the composability of tokenized securities within decentralized finance (DeFi). TAC stated that the protocol was jointly developed with the Digital Securities Initiative over a period of one year, during which multiple discussions were held with the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and U.S. Department of the Treasury. Further details will be unveiled next week. Additionally, TAC announced 12 new members, including Ascend, Control, Cryptio, Digital Securities Initiative, Enterprise Ethereum Alliance, Euler, Lava, OpenZeppelin, Overmatch Capital, Protocol Wealth, Reserve, and T-RIZE.
10 minutes ago
Nine crypto firms established a quantum alliance today, with the core dispute being whether to freeze vulnerable assets.
The Quantum Alliance, a consortium of nine crypto firms, was launched today. Publicly disclosed members include security company Hacken, Charles Hoskinson’s Midnight Foundation, quantum-resistant Layer 1 blockchain Quantus, and Postquant Labs; additional members have not yet been individually named. The alliance will develop common security standards for blockchains such as Bitcoin and Ethereum.
It is estimated that roughly 6.4 million Bitcoin—representing 30.2% of the total supply—have exposed public keys, including around 1.1 million linked to Satoshi Nakamoto. Existing quantum computers are not yet capable of stealing these assets. However, the Quantum Alliance has significant internal divisions over the quantum threat timeline and response strategies. Bryn Bennett, chief revenue officer at The Vault, stated no one knows the exact date, but estimates of when quantum threats will become actionable are constantly advancing. Richard Carback, CTO of Postquant Labs, believes 2028 is a realistic timeline.
The core debate centers on whether to freeze vulnerable assets. Carback advocates for transferring rather than freezing, while Bennett points out that freezing is a governance decision for the Bitcoin network, and any freeze would set a precedent that trades property rights and network neutrality for quantum risk. Previously, CZ suggested freezing Satoshi’s Bitcoin, and developer Jameson Lopp also proposed restricting vulnerable tokens, though critics argue this violates Bitcoin’s fundamental promise of non-seizure. Moving forward, the alliance plans to publish joint security testing and migration guidelines.
Zoomex, the global cryptocurrency trading platform focused on derivatives, has added a fresh set of event contracts to Predict World, giving users new ways to express a view on the macro and political stories shaping global markets.
The new lineup spans central bank decisions, a presidential election, and several geopolitical questions, all available to Zoomex users through a single, familiar interface. Each market works on a simple Yes or No structure, so traders can see the implied odds, pick a side, and manage their position without needing to learn a complicated product.
Easy to Use: Macro Views in Two TapsZoomex built Predict World around a straightforward idea. If you have an opinion on what happens next, you should be able to act on it quickly. That is what makes the platform Easy to Use. Every contract shows a clear question, a clear deadline, a live percentage, and Yes and No buttons. Contracts with several outcomes or dates, such as the Fed rate markets, list each option on its own line with its own live odds.
For traders who already use Zoomex for derivatives, the new events extend the same experience into macro and politics. Users can follow crypto price action in one tab and take a position on the next Fed decision in another, all within one account.
What Is New on Predict WorldThe latest additions cover three themes: central bank policy, elections, and geopolitics. The percentages below reflect the odds shown on the Zoomex Predict World event cards at the time of listing. They move as users trade and are not forecasts from Zoomex.
Source: ZoomexCentral Bank MarketsMonetary policy is one of the most closely watched drivers of risk assets, including crypto, which makes these contracts a natural fit for Zoomex users. The most active market in this group is Fed Decision in October, which has $32M in listed volume and currently prices “No change” at 84% and a 25 bps increase at 16%.
Traders looking further ahead can turn to the Fed Rate Cut By… contract, where the December 2026 meeting is priced at 2% and the January 2027 meeting at 6%, backed by $4M in volume. A third market, What Will the Fed Rate Be at the End of 2026?, lists the 3.5% outcome at 2% and the 3.75% outcome at 1%, with $7M in volume. Together, these contracts let users build a view across several meetings rather than a single date.
A trader who expects policy to stay steady through year end, for example, can compare how the market prices October against the later meetings.
Transparent by Design: Know the Rules Before You TradeEvent contracts only work when users understand exactly what they are trading. Zoomex is Transparent by Design, and that applies to Predict World as much as to its derivatives products. Each market displays its question, its outcome options, its deadline, and its current odds up front. Trading volume is shown on every card, so users can judge how much liquidity and participation sits behind a market before they commit.
This matters most for markets with multiple dates. When a user looks at the Fed rate cut contract, the December 2026 and January 2027 options are separate lines with separate prices. There is no ambiguity about which outcome a position refers to, and no hidden mechanics to decode.
Fair Access & Rule-Based ExecutionPredict World follows the same principles that guide the rest of Zoomex. Fair Access & Rule-Based Execution means every user trades under the same published rules, with the same visibility into odds and volume.
Outcomes are determined by the conditions stated in each event, and positions are handled according to those conditions rather than discretion. For users who care about knowing how a platform behaves when it matters, this rule-based approach is a core part of the Zoomex experience.
Focused on Derivatives, Built for Active TradersZoomex is Focused on Derivatives, and event contracts are a natural complement to that focus. Derivatives traders already think in terms of probabilities, scenarios, and risk management. Prediction markets apply the same mindset to questions beyond price charts.
Here are a few ways active traders may use Predict World alongside their existing Zoomex activity:
Macro awareness: Use the live odds on Fed contracts as a gauge of how the market currently prices upcoming policy decisions, then factor that into crypto positioning. Event driven thinking: Compare short deadline contracts, such as October 15 versus October 31, to see how expectations shift as dates approach. Diversified exposure: Take a view on a political or geopolitical development without needing to hold a related asset. Event contracts carry risk, and users should only trade with funds they can afford to lose. Zoomex encourages every trader to review each contract’s terms before taking a position.
A Refined Brand & Trading ExperienceThe expansion of Predict World reflects the Refined Brand & Trading Experience that Zoomex is building across its platform. Clean design, clear information, and fast execution are the common thread, whether a user is trading perpetual contracts, exploring Stock Perpetuals, testing strategies in Demo Trading, or now, trading the odds on a Fed decision or a presidential election.
Predict World also includes Long-Term event contracts, an established part of the platform for users who prefer to hold a view over a longer horizon. The new additions sit alongside them, giving users a broader menu of timeframes and themes in one place.
How to Get Started on Zoomex Predict WorldGetting started takes only a few steps:
Sign up or log in to your Zoomex account. Open Predict World and browse the new events by category, including Trump, Fed Interest Rate, Macro Indicators, and Inflation. Review the contract, including the question, deadline, current odds, and trading volume. Choose Yes or No and place your position. New users can create an account in minutes and begin exploring the full range of Zoomex products, from derivatives to event contracts, in one place.
About Zoomex
Founded in 2021, Zoomex is a global cryptocurrency trading platform focused on derivatives trading. The platform serves over 3 million users across 35+ countries and regions, offering access to 700+ trading pairs. Built around easy to use, transparency, fairness, and speed, Zoomex provides a clear and efficient trading experience for users worldwide.
Through its high-performance matching engine, clear asset and order displays, and transparent fee and rule mechanisms, Zoomex helps users better understand their account status, order execution, trading costs, and results. Zoomex maintains registrations, licenses, and regulatory statuses across multiple jurisdictions, including the U.S. MSB, Canada MSB, U.S. NFA, and Australia AUSTRAC, and has completed security audits conducted by blockchain security firm Hacken. The platform also continues to strengthen its trust framework through Proof of Reserves, Security & Transparency, Compliance Information, and Fees / Rules Transparency initiatives.
Beyond trading, Zoomex builds a refined brand experience through elite sports partnerships, including the TGR Haas F1 Team, World Cup-winning goalkeeper Emiliano Martínez, and world-class tennis events such as Wimbledon. The values of speed, precision, discipline, fair play, and rule-based execution are closely aligned with Zoomex’s approach to derivatives trading.
At Zoomex: Easy to Use. Transparent balance. Fair access to your earnings.
Frequently Asked Questions
What is Zoomex? Zoomex is a global crypto derivatives platform founded in 2021, serving over 3 million users across more than 35 countries and regions with 700+ trading pairs. How does Zoomex work? Zoomex operates through a high-performance matching engine with transparent asset and order displays, allowing users to execute trades and track outcomes with full visibility into their balances and results. What can you trade on Zoomex? Zoomex offers 700+ trading pairs spanning cryptocurrencies such as BTC, ETH, and SOL, as well as stock-linked contracts like NVDA and AAPL and gold exposure through XAUT. How does Zoomex compare to other exchanges? Zoomex differentiates itself by not issuing a platform token, avoiding venture capital or incubation deals, and holding security certifications from Hacken alongside regulatory licenses in multiple jurisdictions, positioning the platform around transparency and fund safety rather than token incentives. Where is Zoomex headquartered? Zoomex operates as a global cryptocurrency exchange with regulatory registrations including Canada MSB, U.S. MSB, U.S. NFA, and Australia AUSTRAC, reflecting its multi-jurisdictional compliance approach. Is Zoomex available in my country? Zoomex serves users across more than 35 countries and regions. Availability can vary by local regulation, so traders should check the official Zoomex website for country-specific access and requirements. Disclaimer
This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
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Mutsamudu, Comoros, October 16, 2026 — MEXC, a global cryptocurrency exchange, released its AI Trading Report, based on a survey of 3,708 crypto traders. The report examines how respondents use AI, how much trading authority they would delegate, and what protective measures they expect from platforms. Blockchain security firm Hacken contributed technical analysis of risks associated with AI agent trading and the controls designed to address them.
Key takeaways:
84.8% of surveyed crypto users have used AI for research or trading. While 58.3% report improved market research, 46% also report better trade execution, though 54% have yet to see improvement at the execution stage. Interest in AI agents is already significant: half of respondents are interested in AI agents but have not tried them. 65.9% of AI users act on its advice at least sometimes; only 20% have tried execution without approving each trade. 54% would let AI trade with some funds, but no more than 20% of their account; only 6.5% would authorize more than half. Half of users with automated execution experience worry they could fail to detect or stop problems in time. Willingness to use automated trading grows from 55% under the baseline scenario to 71.8% when limits on funds, positions, leverage and losses are added. 95.5% support at least one mandatory protective measure, even as many want control over their own settings. The report found that 84.8% of respondents had used AI to analyze or trade digital assets in the previous six months, with 53.1% using it at least weekly. Adoption was higher among younger participants: 88.5% of respondents aged 18–34 had used AI, compared with 69.9% of those aged 45 and older. Among respondents who reported not using AI, difficulty getting started or high entry barriers was a more common obstacle than AI mistrust, cited by 46.7% and 32.7%, respectively.
AI’s biggest role remained preparation before a trade. Summarizing news was among the most frequent tasks for 54.3% of AI users, ahead of market analysis at 48.6% and finding trading opportunities at 38%. Only 7.6% selected direct execution as one of their most-used tasks. Looking at their most recent AI-assisted trade, 68.9% said AI contributed most before execution, compared with 22.7% during trading.
Users were also more positive about research than execution. While 58.3% reported better market research, 46% reported improved execution. Another 30.9% saw no change in execution, and 23.1% said it had worsened. These assessments reflect respondents’ experiences rather than independently measured trading performance.
AI advice nevertheless influenced trading activity. Among AI users, 65.9% said they placed orders or adjusted positions based on its recommendations at least sometimes. These groups could overlap.
Risk limits changed respondents’ willingness to automate. In a scenario offering notifications, pausing and permission revocation, 55% were willing to let AI trade automatically. Adding limits on funds, assets, positions, leverage and losses, with automatic stopping at the loss threshold, brought willingness to 71.8% — an increase of 16.8 percentage points.
That willingness did not extend to most of an account’s funds. In a separate scenario prohibiting transfers and withdrawals and allowing users to stop trading at any time, 54% would authorize no more than 20% of their account assets and only 6.5% would authorize more than half.
Hacken’s contribution examines why withdrawal restrictions alone cannot prevent losses. An agent with trading access could still be manipulated into buying an asset at an inflated price or taking on excessive exposure. Its analysis outlines protective measures set independently of the agent, including limits on orders, total positions and permissions, alongside security testing to ensure unwanted actions are blocked before execution.
On oversight, 46.2% of respondents preferred exchanges to offer safety settings users could choose to enable, about 1.8 times the share who preferred uniform minimum requirements set by the platform (25.7%). Support for user choice did not mean rejecting industry standards: among those who preferred optional settings and answered the separate standards question, 97.8% backed at least one mandatory measure.
Across all 3,464 valid responses to the standards question, a risk assessment or knowledge test before first use received the most support at 55.3%. Independent audits and limits on capital and loss that cannot be disabled followed at 38.8% each.
“As AI becomes more integrated into trading, our findings show that users don’t want less control. They want clearer boundaries,” said Vugar Usi Zade, CEO of MEXC. “For traders, that means clear risk limits, the ability to intervene when needed, and confidence that the platform has done its part before automation begins.”
The full AI Trading Report, including Hacken’s security contribution, is available here.
About MEXC
Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.
With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
For media inquiries, please contact the MEXC PR team: [email protected]
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
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Mutsamudu, Comoros, October 16, 2026 – MEXC, a pioneer in 0-fee digital asset trading, has released its October 2026 Proof of Reserves (PoR) report. Independently audited by Hacken, the report confirms that the platform’s reserves continue to fully cover user holdings across all major reserve assets. As part of its commitment to putting users first, MEXC publishes monthly reserve data that users can independently verify, reinforcing user trust through transparency.
According to the audit report, MEXC’s reserve ratios stand at 294% for BTC, 122% for USDT, 115% for USDC and 111% for ETH. All four reserve ratios exceed the 100% benchmark, with BTC showing the largest margin above the benchmark.
MEXC’s PoR framework combines user-level verification, on-chain transparency, and independent third-party audits. Through Merkle Tree technology, users can independently verify that their account balances are included in the platform’s reported liabilities while preserving the privacy and confidentiality of user account information. MEXC also publicly discloses its custodial wallet addresses, enabling independent verification of its on-chain holdings. To further strengthen transparency and external oversight, MEXC partners with Hacken, an independent blockchain security and auditing firm, to conduct monthly Proof of Reserves audits covering Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a Merkle-tree verification.
Beyond regular PoR reporting, MEXC continues to strengthen its multi-layered security framework to protect user assets. The platform employs cold and hot wallet management, supported by multi-signature authorization and layered risk controls. The MEXC Futures Insurance Fund helps cover losses that exceed a user’s margin following liquidation, providing a risk buffer during extreme market conditions. The Guardian Fund is designed to protect users facing serious security incidents, including large-scale exploits, targeted attacks, and unforeseen system vulnerabilities. Recent attacks across the digital asset industry have again demonstrated that security threats are not static. Against this backdrop, MEXC continues to invest in capital reserves, technology, and risk-management infrastructure to strengthen user protection. In September, MEXC added another 1,000 BTC to the fund, marking its second major BTC allocation this year following the initial allocation in May. The fund now holds over 100 million USDT and 2,000 BTC, and MEXC aims to expand it to $500 million within two years.
To view the latest Proof of Reserves snapshot and audit report, please visit the MEXC Proof of Reserves page.
About MEXC
Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.
With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.
The Quantum Alliance, a consortium of nine crypto firms, was launched today. Publicly disclosed members include security company Hacken, Charles Hoskinson’s Midnight Foundation, quantum-resistant Layer 1 blockchain Quantus, and Postquant Labs; additional members have not yet been individually named. The alliance will develop common security standards for blockchains such as Bitcoin and Ethereum. It is estimated that roughly 6.4 million Bitcoin—representing 30.2% of the total supply—have exposed public keys, including around 1.1 million linked to Satoshi Nakamoto. Existing quantum computers are not yet capable of stealing these assets. However, the Quantum Alliance has significant internal divisions over the quantum threat timeline and response strategies. Bryn Bennett, chief revenue officer at The Vault, stated no one knows the exact date, but estimates of when quantum threats will become actionable are constantly advancing. Richard Carback, CTO of Postquant Labs, believes 2028 is a realistic timeline. The core debate centers on whether to freeze vulnerable assets. Carback advocates for transferring rather than freezing, while Bennett points out that freezing is a governance decision for the Bitcoin network, and any freeze would set a precedent that trades property rights and network neutrality for quantum risk. Previously, CZ suggested freezing Satoshi’s Bitcoin, and developer Jameson Lopp also proposed restricting vulnerable tokens, though critics argue this violates Bitcoin’s fundamental promise of non-seizure. Moving forward, the alliance plans to publish joint security testing and migration guidelines.
Jupiter introduced YOLO at 12:24 UTC on October 15 as a live beta for leveraged $SOL, $BTC, and $ETH price trades. The product interface was live the following day with leverage settings from 500 to 1,000 times and a default payment amount of $10.00.
The product is an unaudited Jupiter Labs experiment. Its structure differs from an order book or a conventional perpetual futures venue because each trader faces a house pool rather than another trader. Trader losses add money to that pool. Winning traders receive profit from the same pool.
How a YOLO position works YOLO supports three markets: $SOL, $BTC, and $ETH. The interface accepts market orders only. It does not offer take-profit or stop-loss orders. A liquidation consumes the collateral assigned to the position.
Leverage starts at 500 times and reaches 1,000 times. Jupiter warns that small price moves at those settings can wipe out the entire position. The collateral placed on a trade therefore defines the amount immediately at risk, while the selected leverage determines the position’s exposure to price movement.
The interface separates collateral from position size. Its stated limits apply to position size, not to the collateral paid by the trader. Long and short capacity are also separate. Available capacity can change before a submitted trade executes. A user who sees room on one side of a market is not guaranteed the same capacity on the other side or at execution.
Pricing has two references. Jupiter displays Pyth prices as indicative data, but says orders execute at the on-chain DOVES price. The displayed Pyth price is therefore not the execution commitment. A trader must use the executed DOVES price when checking the entry or exit recorded for a position.
The fee schedule depends on the result. A winning move of 0.2 basis points or less produces no profit. Larger winning moves receive a profit adjustment, followed by a 2% fee on adjusted profit. Jupiter says losing trades have no trading fee, while wallet network fees still apply.
The house pool controls profit payment The house takes the opposite side of every position. Trader losses fund it, and trader profits are claims on its available funds. That makes pool liquidity part of the settlement path for a winning trade.
Closing a position returns the trader’s remaining collateral immediately in $JupUSD. Profit follows a different path. If the house can cover the profit, it can pay from the pool. If the house cannot cover it, the unpaid amount enters a queue. Earlier winning claims receive payment first when new trader losses replenish the pool.
Jupiter gives no fixed waiting time for queued profit. Its rules state that queued profit may never be paid. A closed position therefore fixes the trading result without guaranteeing that all profit has reached the wallet. The distinction matters when a trader evaluates available funds after closing. Returned collateral and unpaid profit do not have the same liquidity.
Position history also has a short finalization period. Jupiter says closed positions finalize on chain in about 15 seconds. Until finality, the history view labels the close as finalizing. Users checking a recent close need to distinguish this brief on-chain state from the separate profit queue, which has no guaranteed payment time.
What changes for traders and operators For traders, the full stake can disappear after a small adverse move because the available leverage begins at 500 times. There is no stop-loss order to cap that process from within the product. Risk control therefore happens through the collateral committed before execution and through a manual close while the position remains open.
A profitable close creates a second risk to track. The trade can finish in profit while some or all of that profit remains unpaid. Jupiter says queued claims are paid automatically to the wallet as the pool receives funds, but the queue is first in, first out and has no deadline. Traders cannot treat a displayed profit and spendable wallet balance as interchangeable.
For wallet interfaces, portfolio trackers, and accounting systems, a closed position can have three distinct states: collateral returned, close awaiting on-chain finality, and profit queued for payment. Systems that record only open or closed status can miss whether a winning claim is still outstanding. The product’s history label covers finalization, while the house queue determines payment.
Operators also need to account for capacity changing before execution. Long and short limits are separate, and the displayed Pyth price is indicative rather than the fill price. A trade preview can change in both available size and execution price by the time the order reaches the on-chain DOVES system.
The fee rules create another reconciliation step. A small favorable move can close without profit when it is at or below the stated threshold. A larger win is adjusted before the profit fee is charged. The resulting wallet payment can then differ from the raw price move shown on the chart, even before any profit enters the house queue. Network fees remain separate from that calculation.
The queue also separates trading performance from counterparty liquidity. Earlier unpaid wins have priority over later ones, and fresh trader losses replenish the pool used for payment. A later winner may therefore wait behind claims created before that trade closed. The rules promise automatic wallet payment when funds become available, but they do not promise when that replenishment will occur.
The unresolved issue is the durability of the house pool under one-sided winning flow. Jupiter’s rules explain the queue and payment order, but they do not give a maximum delay or a guaranteed backstop. The next observable milestone is whether queued profit appears and how quickly subsequent trader losses replenish the pool.
Tencent Open-Sources Hy Memory 2.0: 10 AI Tools Share Memory, Even Rolled-Back Code Can Be Traced
Beating AI Express News: Tencent Hunyuan has upgraded Hy Memory to version 2.0, open-sourcing its memory framework, dedicated model, and MemHub app all at once. The 1.0 version launched in May this year focused on chat memory, capable of tracking changes to the same matter, identifying and resolving contradictions, and inferring unstated user habits from multiple conversations. When users adjust their preferences, the system retains old records while remembering the latest decisions. Version 2.0 adds working memory and code memory: it tracks task progress, adopted approaches, and final outcomes, and checks if past experiences apply to similar tasks. Code memory goes further, integrating with Git logs to track modification histories of files and functions—even if code is rolled back, it can retrieve prior changes and identify previously tested solutions. The supporting MemHub connects memory across different AI tools, allowing 10 tools including Cursor, Codex, and Claude Code to share a single local memory. With user authorization, MemHub imports historical conversations and continuously syncs new records. For example, if project specifications are set in Cursor and development continues in Codex, the specifications can be directly retrieved without re-explaining. Tencent also trained a dedicated model, Hy-Memory-30B-A3B, with 30 billion total parameters, activating only about 3 billion at a time. It is responsible for filtering, organizing, and updating memory, and can integrate with existing frameworks like Mem0 and MemOS. Tencent tested four memory systems, with an average score of 55.49, slightly higher than Opus 5’s 54.62.
3 minutes ago
Tens of millions of USD in buy orders for HYPE are clustered at the $77 price level, with roughly 70% of these orders being newly added today.
According to TradingBeats monitoring, HYPE is trading at around $80.91. The $77–$78.12 range below the current price currently covers 10 buy orders totaling approximately 190,600 HYPE tokens, valued at around $14.8 million, which is 3.5% to 4.8% lower than the current price. Of this total, about $10.8 million is newly added today, accounting for roughly 73%.
The buy orders are mainly concentrated in four tiers:
- $77.44–$77.51: ~$8 million. Two buy orders of ~$4 million each, with related accounts currently holding no HYPE, belonging to long entry plans after a pullback; one order at $77.51 is newly added today (0x2c6f…).
- $78.12: ~$4.689 million. Two addresses with no current HYPE holdings placed buy orders of ~$3 million and ~$1.689 million respectively, both added early today (0xafe4…, 0x6cb9…).
- $77.149: ~$386,000. Corresponding to additional position-adding plans for existing longs (0x90db…).
- $77.08–$77.717: ~$1.726 million. Two existing short positions arranged for covering; based on current positions, after execution, they will mainly be used to reduce short positions (0x6749…, 0xb0f0…).
Based on current positions, approximately 88% of the buy orders correspond to new long entries or long position additions, while around 12% are for short covering.
3 minutes ago
Ronin Waypoint migration has entered its grace period and will be completely shut down on October 31.
Ronin officials announced that the migration of Ronin Waypoint has entered its final "grace period", running until 23:00 Beijing Time on October 31, 2026. Once the grace period concludes, Ronin Waypoint will be permanently shut down, marking the completion of the migration. Earlier, Ronin required users to transfer assets from their Waypoint wallets to Ronin Stash or mnemonic wallets by October 16, warning that untransferred assets may become inaccessible.
3 minutes ago
Tencent Hunyuan releases Hy Memory 2.0: fully open-sourced across three layers (model, framework, application), ranks first in open-source memory framework evaluations.
Beating AI Express News: Tencent Hunyuan announced the upgrade of its agent memory framework Hy Memory to version 2.0, and open-sourced the dedicated model Hy-Memory-30A3B, the memory framework itself, and the MemHub application. These three capabilities can be used independently or combined to form a complete memory solution.
The framework handles the storage, update, and evolution of three types of memory—chat, work, and code—ranking first among open-source memory frameworks on four benchmarks. The dedicated model scored 55.49 in evaluations across multiple memory systems including Hy Memory, Mem0, and MemOS, surpassing Opus5’s 54.62.
Hy Memory 2.0 upgrades chat memory from fragmented facts to complete event contexts, adds new work and code memory capabilities, and can judge the applicable conditions of experience to accurately assist in long-term tasks. As a local memory management app, MemHub supports CLI and Mac, connects to 10 AI tools including WorkBuddy, Cursor, and Codex, and enables historical memory import and real-time cross-tool synchronization.
This capability has been deployed in Tencent’s business lines including Stock Selector, iWiki, and Tencent News: Stock Selector’s multi-hop recall rate rose from 50% to 90%, with a comprehensive score improvement of 23.8%; iWiki’s answer accuracy when using only memory increased by 48.6% relative to providing all original conversations; Tencent News achieved an average long-term preference score of 91.68 points.
3 minutes ago
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
3 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers. PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz! He's made $762K so far. On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens. He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers. PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz! He's made $762K so far. On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens. He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
According to TradingBeats' monitoring, contracts for Micron, SK Hynix, and SanDisk on Hyperliquid have all declined notably from their respective peaks since the late-July rebound. However, their relative strength during that prior rebound phase varied: Micron is currently the most resilient to drops, while SK Hynix has recorded the largest pullback. Micron (MU) has fallen from its October 2 high of $1,114.90 to $923.62, a total pullback of roughly 17.16%—the smallest among the three. SanDisk (SNDK) has dropped from its September 22 high of $1,908 to $1,378.40, a total pullback of around 27.76%, roughly 10.60 percentage points more than Micron. SK Hynix (SKHX) has fallen from its September 10 high of $1,438.40 to $958.73, a total pullback of around 33.35%—the largest among the three, underperforming Micron by approximately 16.19 percentage points. During the earlier rebound period, however, the top performer was SanDisk, which now sits in the middle of the three in terms of pullbacks, while Micron posted the smallest gains. Using the July 31 intraday lows of each asset as the storage sector's trough, SanDisk rallied to a peak of roughly 60.27%, SK Hynix to around 38.73%, and Micron to about 36.14%.
Ripple Prime, Ripple's institutional prime brokerage, has begun offering swaps on more than 100 traditional markets that trade and settle around the clock, including weekends, the company announced on Thursday. The products cover equities, equity indices, ETFs, metals, energy and foreign exchange, and market maker Virtu is already trading them.
Ripple Prime acts as principal on each trade. The swaps reference perpetual futures listed by Trade.xyz on Hyperliquid, the decentralized derivatives exchange, so clients get price exposure to those markets while facing Ripple Prime as their only counterparty. Positions can be cross-margined against the other asset classes Ripple Prime supports, and clients can post Ripple's RLUSD stablecoin as collateral, though its availability varies by jurisdiction.
The offering is available under Ripple Prime's British Virgin Islands license. Ripple said it plans to extend it to other regions but gave no timeline.
"RWA swaps are where traditional and digital markets meet," said Michael Higgins, international CEO of Ripple Prime. Scotte Moegling, head of business development for digital assets at Virtu, said Ripple Prime's "24/7 cross-margining across asset classes helps us expand our presence more efficiently."
The launch gives traditional trading firms a regulated, intermediated route into one of the fastest-growing parts of onchain derivatives. Perpetual futures on stocks, commodities and currencies were a niche product a year ago, and open interest in these contracts across the major platforms has grown to about $9 billion, Bloomberg reported. Hyperliquid opened the door to these markets with its HIP-3 framework, which lets third parties such as Trade.xyz deploy their own perpetual markets on the exchange.
The structure also reflects the constraints institutions face. Many funds cannot connect directly to a permissionless exchange, post collateral in self-custodied wallets or take on the counterparty risk of an onchain venue. A prime broker that sits in the middle and takes the onchain exposure onto its own book removes those obstacles, while letting clients trade when U.S. and European exchanges are closed.
Ripple Prime is the former Hidden Road, which Ripple bought for $1.25 billion in 2025, and it has steadily added onchain markets to its platform. Ripple Prime had already added support for Hyperliquid before this launch and began offering crypto perpetual futures in February.
The main risk for clients is that pricing on the reference markets depends on liquidity on Hyperliquid, which can thin out on weekends when the underlying exchanges are shut and there is no official price to anchor to. How Ripple Prime manages that basis risk will be a large factor in how much institutional volume moves onto the product.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers.
PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz!
He's made $762K so far.
On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens.
He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
OKX Global Managing Partner and Chief Marketing Officer Haider Rafique Officially Announces Resignation
OKX’s global managing partner and chief marketing officer Haider Rafique announced in a post that he will step down from his role and take a temporary break to focus on family and personal matters after nearly seven years at the crypto exchange. Insiders revealed Rafique plans to depart by the end of 2026. He joined OKX in March 2020, led the platform’s brand upgrade, and was involved in facilitating Intercontinental Exchange’s (ICE) $200 million strategic investment in OKX earlier this March.
5 minutes ago
A trader staked 252 million PAPER tokens and earned $1.73 million in USDC rewards.
According to Lookonchain monitoring, an address generated $10.1 billion in trading volume on the launch day of perpetual contract trading platform Papertrade, posting a $979,000 loss and receiving 252 million PAPER tokens. The address subsequently halted trading, staked the 252 million PAPER tokens to earn $1.73 million worth of USDC rewards, and has now netted a $762,000 profit.
5 minutes ago
PrismML compresses 9-billion-parameter model weights to 2GB: iPhones generate 34 tokens per second locally.
Beating AI Express (Insight) – U.S. AI firm PrismML has rolled out three new models for its Bonsai 2 family: 2B, 4B, and 9B, all based on Alibaba’s Qwen3.5. The team restricted the language model’s core weights to only three values: -1, 0, and +1, cutting the model sizes to 0.43GB, 0.95GB, and 2GB respectively – roughly one-ninth the size of original 16-bit weight models. The new models retain support for inference, image understanding, and tool calling, and are primarily designed for local agents on devices like smartphones and personal computers. PrismML states that on the iPhone 18 Pro Max, the 9B model generates up to 34 tokens per second, while the 2B model hits 120 tokens per second. Official tests show the 9B model’s programming and instruction-following capabilities are nearly on par with the same-scale original Qwen3.5, though it lags significantly on complex tasks. In Tau2Bench, which assesses multi-turn dialogue and tool operations, Bonsai 2 9B scores 73.02, compared to the original model’s 85.25; its complex document parsing score is 73.8, versus 88.73 for the original. All three models have released their weights under the Apache 2.0 license.
5 minutes ago
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz! He's made $762K so far. On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens. He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Paper Trade User Generates $10.1B Volume on Day 1, Loses $979K but Earns 252M $PAPER Tokens Worth $1.73M
Meet this guy who really knows how to make money on @papertrade_xyz! He's made $762K so far. On the first day of @papertrade_xyz's launch, he generated $10.1B in trading volume and lost $979K, earning 252M $PAPER tokens. He then stopped trading and has since claimed $1.73M in
5 minutes ago
Upbit will suspend deposits and withdrawals of digital assets worth 1 million Korean won or more with BitMEX.
Upbit official announcement: Due to BitMEX terminating access to the travel rule solution VerifyVASP, Upbit will suspend digital asset deposits and withdrawals of 1 million KRW or more between the two exchanges starting October 16. Deposits under 1 million KRW will remain supported as normal. Manual deposits of 1 million KRW or more from BitMEX to Upbit will be discontinued from 14:00 on December 18. Any such assets received after that will enter a refund process, and users must retrieve them in accordance with the refund procedure.
5 minutes ago
BonkGuy's portfolio value increased by over $1 million in the past 24 hours.
Trader BonkGuy’s portfolio value has surged by over $1 million in the past 24 hours, now standing at $11.43 million. His current positions boast unrealized gains of roughly $5.63 million from PONS, $1.57 million from USELESS, and $1.43 million from MarsCoin, keeping him the top-ranked trader on the Fomo platform.
5 minutes ago
Data: Papertrade’s loss mining period lasted less than 6 days, with the top three addresses by trading volume each exceeding $10 billion.
According to EmberCN’s monitoring, since the Papertrade platform on the Hyperliquid chain launched loss mining on the 10th, the three addresses with the highest trading volumes have all surpassed $10 billion each in less than six days. The top address posted a trading volume of $11.6 billion, with trading losses of $780,000, earning 46 million PAPER tokens at an acquisition cost of $0.017 per token. The second address recorded $10.3 billion in trading volume, $930,000 in trading losses, and received 85 million PAPER tokens at an acquisition cost of $0.011 per token. The third address saw $10.1 billion in trading volume, $980,000 in trading losses, and obtained 252 million PAPER tokens at an acquisition cost of $0.0039 per token. The acquisition cost excludes PAPER token dividends; factoring in dividends would lower the cost further, with the third address potentially even holding a negative cost.
5 minutes ago
Bonk Guy's Portfolio Surges $1M+ in 24H, Maintains #FOMO Leaderboard Lead
As the market rebounds, Bonk Guy(@theunipcs)'s portfolio has grown by $1M+ in the past 24 hours. He remains No. 1 on both #FOMO's 24H and All-Time leaderboards.
5 minutes ago
Hong Kong Exchanges and Clearing (HKEX) aims to transition to T+1 settlement in the second half of 2028.
Hong Kong Exchanges and Clearing (HKEX) has published a consultation summary document on shortening the settlement cycle of Hong Kong’s spot stock market, which shows widespread market support for implementing a T+1 settlement cycle in Hong Kong’s securities market. Based on feedback from various stakeholders, HKEX plans to complete the relevant transition in the second half of 2028, provided the market is ready and regulatory approval is obtained. The consultation received a total of 109 non-duplicate responses from market stakeholders including brokers, custodians, investment managers, industry associations, technology vendors, and investors. Respondents supported Hong Kong’s adoption of a T+1 settlement cycle, agreeing that this move will help enhance market efficiency, reduce settlement risks, improve capital efficiency, and consolidate Hong Kong’s competitiveness as an international financial center.
Bitcoin traded near $83,000 on October 16, recovering from a brief slide below $80,000 the previous day, after a hotter-than-expected September producer price index report rattled risk assets. The rebound came as U.S. Treasury yields eased, the dollar weakened, and futures-implied odds of another Federal Reserve rate hike fell, helping the market claw back most of its inflation-driven losses.
According to CoinGecko, Bitcoin changed hands around $83,300 on the morning of October 16, up roughly 0.3% over 24 hours and about 2.9% below its level a week earlier. Its 24-hour range spanned roughly $82,900 to $84,200. Even with the recovery, the asset remains roughly 34% below its all-time high of about $126,000, reached in October 2025.
Why Bitcoin Dipped Below $80,000
The slide began with the U.S. Labor Department’s September producer price data, released October 15. The producer price index rose 1.3% month over month, well above forecasts, with final demand goods up 2.6% and services up 0.8%. The year-over-year figure climbed to 6.3%. The report landed one day after September’s consumer price index showed headline inflation of 3.7% year over year.
Together, the two releases briefly pushed Bitcoin below the $80,000 mark for the first time since mid-September, as traders weighed the risk that the Federal Reserve could extend its tightening cycle. The CPI print had already dragged Bitcoin below $82,000 on October 14.
What Drove the Recovery
Despite the hot inflation data, the macro backdrop shifted in Bitcoin’s favor. The 10-year Treasury yield fell to about 5.10%, its lowest level in three weeks, as investors moved into U.S. government debt. The dollar index also eased, and market pricing for a Fed hike at the late-October policy meeting dropped from above 50% to roughly 27-32%, according to CME FedWatch data cited in market reports.
Those moves matter because Bitcoin has increasingly traded like a liquidity-sensitive asset. Falling yields and a softer dollar reduce the opportunity cost of holding a non-yielding asset, and a lower probability of another rate increase eases the pressure that had weighed on risk assets through the first half of October. The PPI-triggered drop had left traders asking whether $80,000 would hold; the recovery suggests the level found buyers, though the rebound has not yet been confirmed by a sustained return of spot ETF inflows.
Bitcoin’s reaction to the data also illustrates how the market now reads inflation through the lens of Federal Reserve policy. When a hot print raises the odds of another hike, yields climb and risk assets sell off; when officials signal caution or the data is absorbed, the trade reverses. The October sequence, a sharp PPI-driven selloff followed by a yield-driven bounce, fit that pattern, with the rebound arriving even as the inflation backdrop itself remained hot.
What Happens Next
U.S. spot Bitcoin ETFs posted a modest $5.1 million net inflow on October 15 after larger outflows in prior sessions, according to Farside Investors data. Whether that turns into a sustained trend is the next test. The Federal Reserve’s policy decision at the end of October will be watched closely: whether officials signal another hike or hold rates is likely to set the near-term direction for both Treasury yields and Bitcoin.
The immediate levels to watch are the $82,500-$83,000 zone that Bitcoin reclaimed on October 16 and the $84,000 area that capped earlier rallies this week. A close below $80,000 would invalidate the recovery case, while a move back above $84,000 would suggest the inflation scare has been absorbed.
Frequently Asked Questions
Why is Bitcoin up today?
Bitcoin recovered to near $83,000 after briefly falling below $80,000, as Treasury yields eased, the dollar weakened, and the market lowered the odds of another Federal Reserve rate hike.
Why did Bitcoin drop below $80,000?
The U.S. producer price index rose 1.3% in September, well above forecasts, which briefly pushed Bitcoin below $80,000 on October 15 after it had already slid on a hotter consumer price report.
What is Bitcoin’s price today?
Bitcoin traded around $83,300 on the morning of October 16, up roughly 0.3% over 24 hours and about 2.9% lower over the past week, according to CoinGecko.
When is the next Fed rate decision?
The Federal Reserve’s next policy decision is due at the end of October 2026. Market pricing in mid-October implied roughly a 27-32% chance of another rate increase.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
September was the month crypto took three hits that were supposed to break it and kept climbing anyway. A Federal Reserve rate hike, a failed Senate vote on the CLARITY Act, and the worst month for hacks of 2026 all landed within weeks of each other, yet Bitcoin finished the month up more than 6% after printing an eight month high above $87,000 on September 21. Behind the price action, Zoomex used the month to open its biggest trading championship yet with a record prize pool of up to 5 million USDT, push its TradFi Stock Perpetuals past 50 contracts and add six ETF perpetuals, widen its Prediction Markets, and mark a double points finish for the TGR Haas F1 Team in Baku, proof that Easy to Use and Transparent by Design hold up when the headlines turn ugly just as well as when they turn euphoric.
Zoomex by the NumbersNone of that changed what Zoomex actually is: a platform focused on Derivatives, running sub-10ms execution on a dual liquidity pool architecture that blends internal depth with aggregated external liquidity, wrapped in a minimalist interface built to hold up whichever direction volatility breaks. The platform continues to serve over 3 million registered users across 35-plus regions, with 700-plus trading pairs spanning Perpetual USDT, Inverse Perpetuals, Spot, tokenized equities, and Predict Market contracts, and a Stock Contracts offering that now spans more than 200 global stocks, indices, and ETFs.
September’s stress test was different from August’s whipsaw, a rate hike, a regulatory defeat, and a nearly $770 million hack total compressed into a single month, with the hacks concentrated in custody and credential infrastructure rather than smart contract bugs. The regulatory registrations listed in Zoomex’s September disclosures — Canada MSB, US MSB, US NFA, and Australia AUSTRAC, remained the same, and the platform’s Hacken audits and Proof of Reserves framework continued to do what they are designed to do: let users verify balances and reserves for themselves rather than take a platform’s word for it.
What We Shipped in SeptemberStock Perpetuals Pass 50 ContractsSeptember opened with Zoomex confirming that its Stock Perpetuals lineup had grown past 50 contracts, one of the largest product expansions in the exchange’s history, and a week later the platform detailed the expansion across four new categories of global equities, all margined and settled in USDT and trading around the clock rather than closing with Wall Street.
On September 10 it spotlighted TSLA and NVDA as flagship names, and on September 17 it added six ETF perpetuals, SPYUSDT, QQQUSDT, IWMUSDT, XLFUSDT, XLKUSDT, and TQQQUSDT, giving traders round-the-clock exposure to broad market, tech, financial and small-cap benchmarks. The timing fit the moment: the ETF launch arrived in the very week the Fed announced its first hike in three years, when Nasdaq-linked products like QQQ and TQQQ sat at the center of the rate debate.
Zero-Fee TradFi ReturnsHaving run a first Zero-Fee TradFi event from August 28 to September 4, Zoomex relaunched the campaign for a full month, running from September 11 to October 11.
The event rebates 100% of actual trading fees on eligible TradFi products, capped at 100 USDT per account, across Stock Contracts, Commodity Contracts on gold, silver and crude oil, and Stock Tokens, removing the cost of simply placing a trade for anyone wanting to test the platform’s TradFi offering.
ZWTC 2026: The Biggest Championship YetOn September 10, Zoomex launched the Zoomex World Trading Championship 2026, returning for its third year with a prize pool of up to 5 million USDT, the largest in the competition’s history.
The format expands across crypto perpetuals, stock contracts, AI-powered trading, a team competition with up to 2.5 million USDT in prizes, a solo battle, and a Rewards Zone with up to 1.5 million USDT.
The Squad Competition opened on September 21, ranking teams on three separate boards for profit rate, trading volume, and community popularity, and runs through October 11, a structure designed to reward teams for performance and participation, not just for the biggest account on the leaderboard.
Copy Trading Hub Under the SpotlightAlongside the championship launch, Zoomex put its futures focused Copy Trading Hub in the spotlight, built around one click execution, published trader performance data and rule based profit sharing.
Return on investment and cumulative profit and loss are charted over selectable windows of 7, 30 and 90 days, so users can judge a trader across timeframes instead of relying on a single flattering snapshot, which is Transparent by Design in practice.
On September 13, Zoomex’s X article on the hub put the pitch in plain terms: ROI, win rate and AUM visible on every trader profile, profit share shown up front, orders with IDs instead of screenshots, and the same rules for every copier. On September 16 the platform added a first week Copy Trading loss compensation campaign, offering up to 50 USDT in Copy Trading Bonus for eligible first week net realized losses through October 13.
Prediction Markets Go LongOn September 18, Zoomex expanded the Long-Term category of its Prediction Markets, which now accounts for 49 of the platform’s 70 live markets, alongside 5-minute, 15-minute, and 4-hour contracts.
The long horizon slate asks the questions the industry argues about all year, including whether HYPE will flip SOL by year end, whether China will unban Bitcoin by 2027, whether Bitcoin, gold or the S&P 500 will win 2026, and whether MicroStrategy will announce bankruptcy before 2027, each with a live probability gauge, a running volume figure and settlement against published resolution criteria rather than discretionary calls. The same month’s shortest markets showed the other end of the spectrum, with Bitcoin’s 5-minute Up or Down contract the most active market on the board at roughly $11 million in volume.
Individual KYC Explained: Optional to Trade, Clear on LimitsOn September 14, Zoomex published a plain-language guide to individual KYC, leading with the point most traders ask about first, verification is optional to trade. It only becomes necessary when withdrawals exceed 100 BTC a day, with Lv.0 accounts capped at 100 BTC daily and Lv.1 verification lifting the limit to 200 BTC.
The guide also sets expectations for the process itself, with reviews taking three to five days, up to two submission attempts per 24 hours, and a short checklist for getting approved the first time: clear photos, no edits, and name and date of birth visible. Publishing the thresholds, timelines and failure points in advance is the kind of Fair Access & Rule-Based Execution detail that rarely gets spelled out this openly.
The Trading Floor Keeps RollingThe Zoomex Live Hub AMA series that began in August carried on through September. Episode 3, announced on September 2, asked whether Bitcoin was at the bottom and, if not, what the market was waiting for, with ClaudiusVertesi, MetzyTrades and RealCryptoCrank on the panel and a 500 USDT audience prize pool paid out in 10 USDT shares.
Episode 5, hosted on September 24, turned to what comes next for traders, “The Next Trader: Social. Onchain. AI-powered.”, covering FOMO-driven social feeds, onchain perpetuals and AI agents that can route orders, with MindPillarTrade, Cryptic_Web3 and TTFBot joining and a 300 USDT audience pool, again at 10 USDT each. The topics tracked the month’s conversation, from the post-hike market mood to the AI and copy trading tools Zoomex was building into the platform.
September Rewards and the SOL Airdrop CarnivalFor newcomers, Zoomex ran two onboarding campaigns side by side. September Rewards, live from September 1 to October 14, offers up to 2,000 USD in total rewards, unlocked step by step as users complete tasks from their first deposit through Contracts, Spot, TradFi, Predictions and Copy Trading, effectively a guided tour of the whole platform.
On September 9, the SOL Airdrop Carnival added a second track: new users can earn up to 30 SOL by completing tasks, while traders who reach 100,000 USDT or more in futures volume share a larger pool, for a total prize pool of up to 15,000 SOL.
Community & Culture: Points in Baku and a Date in SingaporeSeptember’s community calendar mixed on track results with off track events. The 10 ETH airdrop that began on August 28 ran through September 28, splitting 3 ETH among new users who met the deposit and volume requirements and 7 ETH among eligible futures traders.
On the track, the TGR Haas F1 Team ended a difficult run of Grands Prix with its first double points finish of the 2026 season at the Azerbaijan Grand Prix on September 26, with Esteban Ocon eighth and Ollie Bearman ninth after both drivers avoided the pile-up at the first safety car restart, lifting Haas to seventh in the Constructors’ Championship on 27 points. Zoomex marked the result and its renewed role as the team’s Official Crypto Exchange Partner, drawing the parallel between precise teamwork under pressure and the reliability it aims to deliver in trading.
Looking ahead, Zoomex also confirmed its Traders After Party as an official side event of TOKEN2049 Singapore, taking place on October 7 at Echo Live Party, with a flagship panel titled “Where’s the Edge? Trading Crypto and Beyond” covering derivatives, TradFi and prediction markets, an exclusive community Q&A with Ollie Bearman, live music and a MacBook Air among the grand prizes.
ConclusionSeptember asked Zoomex’s infrastructure a different question than August did. Not whether it could hold up through a whipsaw, but whether it could keep building through a month in which a rate hike, a regulatory defeat and the worst hack total of the year arrived almost back to back, and in which the largest losses came from credentials, wallet infrastructure and third party tooling rather than from anything a code audit would catch. Zoomex’s answer was to keep shipping: a Stock Perpetuals lineup past 50 contracts and six new ETF perpetuals timed to the week of the Fed decision, a month long Zero-Fee TradFi campaign, a record championship, a Copy Trading Hub that shows its performance windows instead of hiding them, and Prediction Markets that now lean toward the long horizon questions traders actually argue about.
No platform token. No VC entanglements. No user funds at risk.
August confirmed that reliability compounds when markets reverse without warning. September confirmed the harder version of that lesson: it compounds just as much when the threat is not volatility but trust, and the platforms that publish how they work, let users verify their reserves and keep building through the noise are the ones positioned for October’s calendar, from the Fed’s next meeting to the TOKEN2049 stage and the final stretch of ZWTC 2026, not just for the next leg of the rally.
July confirmed that reliability compounds when markets don’t cooperate. August confirmed the harder version of that lesson: it compounds just as much when markets reverse without warning, and the platforms still building through both are the ones positioning for September’s regulatory calendar, not just the next leg of the rally.
About ZoomexFounded in 2021, Zoomex is a global cryptocurrency trading platform focused on derivatives trading. The platform serves over 3 million users across 35+ countries and regions, offering access to 700+ trading pairs. Built around easy to use, transparency, fairness, and speed, Zoomex provides a clear and efficient trading experience for users worldwide.
Through its high-performance matching engine, clear asset and order displays, and transparent fee and rule mechanisms, Zoomex helps users better understand their account status, order execution, trading costs, and results. Zoomex maintains registrations, licenses, and regulatory statuses across multiple jurisdictions, including the U.S. MSB, Canada MSB, U.S. NFA, and Australia AUSTRAC, and has completed security audits conducted by blockchain security firm Hacken. The platform also continues to strengthen its trust framework through Proof of Reserves, Security & Transparency, Compliance Information, and Fees / Rules Transparency initiatives.
Beyond trading, Zoomex builds a refined brand experience through elite sports partnerships, including the TGR Haas F1 Team, World Cup-winning goalkeeper Emiliano Martínez, and world-class tennis events such as Wimbledon. The values of speed, precision, discipline, fair play, and rule-based execution are closely aligned with Zoomex’s approach to derivatives trading.
At Zoomex: Easy to Use. Transparent balance. Fair access to your earnings.
Frequently Asked Questions What is Zoomex? Zoomex is a global crypto derivatives platform founded in 2021, serving over 3 million users across more than 35 countries and regions with 700+ trading pairs. How does Zoomex work? Zoomex operates through a high-performance matching engine with transparent asset and order displays, allowing users to execute trades and track outcomes with full visibility into their balances and results. What can you trade on Zoomex? Zoomex offers 700+ trading pairs spanning cryptocurrencies such as BTC, ETH, and SOL, as well as stock-linked contracts like NVDA and AAPL and gold exposure through XAUT. Where is Zoomex headquartered? Zoomex operates as a global cryptocurrency exchange with regulatory registrations including Canada MSB, US MSB, US NFA, and Australia AUSTRAC, reflecting its multi-jurisdictional compliance approach. Is Zoomex available in my country? Zoomex serves users across more than 35 countries and regions. Availability can vary by local regulation, so traders should check the official Zoomex website for country-specific access and requirements. Disclaimer
This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
Strive Inc. just pulled off one of the more notable capital raises in the Bitcoin treasury space. The company priced its 15.00% Series A Perpetual SATS Preferred Stock offering on October 15, 2026, after upsizing the deal from an initial 5 million shares to 7 million shares at $90 each, generating approximately $630 million in gross proceeds. At the $100 par value, the notional stated value of the offering clocks in at around $700 million.
Settlement is expected on October 20, 2026, subject to customary closing conditions.
How the deal is structured
The SATS preferred stock carries a fixed 15% cumulative annual dividend on its $100 stated amount, paid daily when declared, with payments set to begin November 9, 2026. At the $90 IPO price, that translates to an effective yield of roughly 16.7%.
Barclays and Cantor Fitzgerald served as joint book-running managers.
Proceeds are earmarked for general corporate purposes, with Bitcoin acquisition and related products as the primary targets.
This is Strive’s second preferred equity offering. Its first, the SATA offering, originally closed in November 2025. Strive has kept its balance sheet free of traditional debt obligations since May 2026.
Strive’s Bitcoin position is growing fast
As of mid-October 2026, Strive holds approximately 35,595 BTC. At the end of 2025, that figure sat somewhere between 7,500 and 7,600 BTC.
The absence of debt since May 2026 means all of those Bitcoin holdings are unpledged. Pledged assets can be subject to margin calls or forced liquidation during sharp price drawdowns.
Strive has structured its dividend reserves to cover up to 18 months of payouts.
Chairman and CEO Matt Cole has positioned Strive’s strategy as a disciplined, long-term approach to Bitcoin accumulation. Where Strategy, formerly MicroStrategy, built its Bitcoin position partly through convertible notes and other debt instruments, Strive is financing its treasury accumulation program through preferred equity.
What this raise signals for the market
The upsizing of the deal from 5 million to 7 million shares — a 40% increase in size — suggests the book was well oversubscribed.
For income-focused investors, a 16.7% effective yield on a preferred stock backed by Bitcoin exposure is a genuinely unusual combination. Preferred shareholders get their dividend priority over common equity holders, but the company’s ability to sustain those dividends depends on its broader financial health and, indirectly, on Bitcoin’s trajectory.
Strive trades on Nasdaq under the ticker ASST. With approximately 35,595 BTC on its books and a freshly closed $630 million raise to add more, the company is now positioned as one of the more significant Bitcoin accumulators in the public markets.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Capital B has reported a €69.5 million ($78 million) net loss for the first half of 2026, largely driven by a €67.5 million ($75.8 million) Bitcoin impairment charge, even as the French company’s cryptocurrency holdings increased 11.2% during the period.
Summary
Capital B reported a €69.5 million first-half net loss, mainly driven by Bitcoin impairment charges. The company’s €67.5 million Bitcoin impairment was noncash and reflected prices recorded on June 30. Capital B increased its strategic Bitcoin holdings from 2,823 BTC in January to 3,139 by June. First-half revenue increased 3.5% to €5.85 million, while group adjusted EBITDA remained in negative territory. By September 30, Capital B held 3,538 Bitcoin acquired at an average cost of €87,805. Capital B confirmed in its October 15 financial report that the charge reflected Bitcoin’s valuation as of June 30 and did not involve a cash payment. The Paris-listed company reported a net loss of €1.9 million during the corresponding period in 2025.
Despite the accounting loss, consolidated revenue increased 3.5% from €5.65 million to €5.85 million ($6.5 million). Capital B continued raising funds for Bitcoin purchases, bringing its strategic holdings to 3,139 BTC by June and 3,538 BTC by the end of September.
The results cover the six months ended June 30, while the company’s treasury update includes transactions completed after the reporting period.
Capital B’s $78M loss comes largely from Bitcoin impairment The first-half results were dominated by a €67.5 million impairment charge associated with the company’s Bitcoin holdings. Capital B recognized the charge after assessing the cryptocurrency’s value at the June 30 reporting date.
An impairment charge reduces the recorded value of an asset in a company’s financial statements when accounting rules require it. Capital B explained that the Bitcoin adjustment did not involve selling its holdings or making an equivalent cash payment.
The company’s financial result fell to a loss of €67.5 million, compared with approximately €66,000 during the first half of 2025. Consolidated net income subsequently declined to negative €69.5 million from negative €1.86 million a year earlier.
Operating figures presented a different picture. Capital B reported an adjusted EBITDA loss of €1.07 million, compared with a loss of €815,000 during the corresponding six months in 2025.
EBITDA measures earnings before interest, taxes, depreciation, and amortization. Capital B uses an adjusted measure that incorporates certain accounting items, including France’s research tax credit.
According to the filing, approximately €2.2 million of costs were connected to its Bitcoin treasury operations. Expenses included salaries, financial advisory services, and other activities associated with maintaining and financing the cryptocurrency strategy.
Meanwhile, the company’s established technology businesses reported positive adjusted operating EBITDA of approximately €640,000. The figure represented a 9.8% increase from €580,000 in the comparable period.
Its operating subsidiaries provide data intelligence, artificial intelligence, and technology consulting services. Capital B said the group incurred €3.3 million in purchases and other operating expenses, an increase of 9.9% from the previous year.
Capital B expands Bitcoin treasury to 3,538 BTC Alongside its financial results, Capital B provided updated figures showing continued Bitcoin purchases throughout 2026.
The company’s strategic reserve increased from 2,823 BTC in January to 3,139 BTC by June 30, representing growth of 11.2%. Subsequent acquisitions brought the reserve to 3,538 BTC by September 30, an increase of 25.3% from the beginning of the year.
Capital B reported a total acquisition cost of €310.6 million for the September holdings, equivalent to an average purchase price of €87,805 per Bitcoin. The figure represents the company’s historical acquisition cost, not the cryptocurrency’s current market value.
In its October 15 financial disclosure, the company stated that the strategic reserve remained at 3,538 BTC. It separately held another 61 BTC designated for operational requirements.
The additional 61 BTC are excluded from the company’s reported strategic treasury performance indicators. Including those separately designated assets, Capital B controlled 3,599 BTC as of the announcement date.
Earlier in September, the company completed additional Bitcoin purchases following new fundraising transactions. Its €25.3 million Bitcoin acquisition program followed private placements involving institutional investors and shareholders.
Capital B measures treasury progress partly through a metric called BTC Yield, which tracks changes in Bitcoin holdings per fully diluted share. The company reported a 1.85% BTC Yield for the first half and 2.2% through September.
Its financial report cautions that BTC Yield is not equivalent to a conventional investment yield. The indicator does not measure operating profit, cash generation, or the investment return earned by shareholders.
Capital B raises funds to continue Bitcoin purchases During the first half, Capital B announced financing transactions totaling €27.5 million, or roughly $30 million. The amount included equity placements, share warrants, and financing packages combining shares with warrants.
According to its financial report, approximately €15.2 million came from share-and-warrant transactions, while warrant exercises generated another €8.8 million. Equity financing programs contributed approximately €3.5 million.
The company used its financing strategy to support Bitcoin purchases and increase the amount of cryptocurrency held per fully diluted share.
Among its institutional investors is Blockstream co-founder Adam Back, who participated in earlier funding rounds. A September transaction involving Back raised €7.6 million and expanded his investment in the company.
As detailed in the Capital B financing agreement involving Adam Back, the placement included shares and warrants that could provide further funding if exercised.
Capital B’s latest report showed fundraising activity continued after June. From the start of the second half through October 15, the company announced approximately €31.7 million in additional capital raises.
Most of the second-half funding came from transactions combining equity with warrants, accounting for €28.7 million. Another €3 million was raised through equity financing arrangements.
The company had previously secured shareholder authorization for substantial financing capacity. At its June meeting, investors approved up to €5 billion in capital increases and €100 billion in credit instruments.
The shareholder-approved Bitcoin financing framework provides authority for potential future transactions. The approved limits do not represent funds already raised or debt already issued.
Capital B completes stock split and updates cash position Capital B’s financial report confirmed that its 10-for-1 reverse stock split became effective on September 8, following approval by the board on July 17.
The transaction combined every ten existing shares into one new share, reducing the number of shares outstanding without changing investors’ proportional ownership solely through the consolidation.
Following the adjustment, each share’s nominal value increased to €0.80. Capital B adopted a new International Securities Identification Number, FR0014019Y19, and adjusted the terms of outstanding warrants and convertible instruments.
The company previously described the restructuring as part of its efforts to attract institutional investors. Its shares continue trading on Euronext Growth Paris under the ticker ALCPB, with CPTLF used for its U.S. trading quotation.
Separately, Capital B reported improvements in its available cash after the first-half reporting date. At June 30, the group held €2.3 million in cash and 61 BTC designated for operating requirements.
By September 30, available cash had increased to €4.6 million. The company valued its separately designated 61 BTC at approximately €4.5 million, bringing combined cash and operational Bitcoin resources to €9.1 million.
The group’s total assets stood at €317.1 million at the end of June, compared with €297.2 million at the end of 2025. Shareholders’ equity declined to €86.8 million from €109.4 million, while provisions increased to €124 million.
Capital B said its half-year financial statements had undergone a limited review by statutory auditors and were prepared on a going-concern basis. Based on its internal forecasts, the company stated that available liquidity was consistent with its expected funding requirements for the following 12 months.
On August 17, Blockstream Capital Partners completed the conversion of its remaining 14.2 million OCA B-01 convertible instruments into approximately 28.7 million ordinary shares before the reverse stock split. The conversion was among the post-June transactions included in the company’s October 15 financial disclosure.
