Cointime

JUST Releases JST 2026 Q3 and October Progress Report, Shifting Buyback Mechanism to a Sustainable-Revenue Basis
JUST has published an open letter to JST holders and released the JST 2026 Q3 and October Progress Report. The letter states that five rounds of buybacks have cumulatively repurchased and burned 1,881,973,007 JST, equivalent to 19.01% of the initial maximum supply, with approximately $118.15 million invested in buybacks and burns in total. In October, JUST DAO upgraded the JST buyback-and-burn mechanism. Going forward, it will be based on sustainable ecosystem revenue. Starting in Q4 2026, approximately $20.34 million in excess funds will be allocated to buybacks in four installments, while retaining at least $50 million in treasury reserves for security. The report also shows that JustLend’s TVL remained above $7 billion at quarter-end, while GasFree recorded approximately 21.24 million transactions in Q3. As buyback funding shifts from historical revenue reserves to sustainable ecosystem revenue, JST’s deflationary path is becoming more closely linked to ecosystem growth.

GigaDevice: Repurchased 72,600 A-shares on October 26
GigaDevice announced that on October 26, 2026, it repurchased 72,600 A-shares through the Shanghai Stock Exchange, representing 0.01% of its total issued shares. The repurchase price ranged from RMB 275.80 to RMB 278.16 per share, and the total amount paid was RMB 20.0997 million. The repurchased shares are intended to be canceled.

Alpaca’s Middle East Entity Receives In-Principle Approval from Abu Dhabi FSRA
Alpaca, a US-licensed broker-dealer and tokenized stock infrastructure provider, announced in a post on X that its entity, Alpaca Clearing & Custody ME Ltd (Alpaca Middle East), has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for its application for a Financial Services Permission. Once it obtains the permission, Alpaca Middle East plans to provide brokerage and virtual asset custody services within the scope of the FSRA’s final approval. Alpaca noted that in-principle approval is not equivalent to a Financial Services Permission. Until the relevant permission is granted, Alpaca Middle East may not conduct regulated activities in or from ADGM.

JPMorgan maintains Overweight rating on Microsoft, with a $625 price target
According to Zhitong Finance, JPMorgan analyst Samik Chatterjee maintained an “Overweight” rating on Microsoft, with a price target of $625. The research note said investors would closely track growth in Azure, the commercial Microsoft 365 cloud business, and Copilot. Chatterjee said the stock’s reaction may be driven more by the company’s outlook than by the quarterly results themselves, as investors look for signs that growth in cloud and AI is sustainable. Dan Ives, an analyst at Wedbush Securities, maintained an “Outperform” rating on Microsoft on Friday, with a price target of $615, and named it one of his “top five tech picks through 2027.” Ives said that earnings reports from hyperscalers such as Microsoft, Alphabet, and Amazon could help reassure a highly volatile market.

The number of holders of tokenized stocks on Solana surpasses 1.5 million, setting a new all-time high
Solana announced in an official post that 1.5 million people now hold Solana-based tokenized equities, a new all-time high. This figure has increased fivefold since August.

Binance Futures to Launch Multiple USDⓈ-M TradFi Perpetual Contracts
Binance Futures will list several USDT-margined perpetual contracts on October 26, including EIDOUSDT, EQTUSDT, STMUSDT, and ABBVUSDT. They will be listed at 17:00, 17:05, 17:10, and 17:15, respectively, with leverage of up to 20x.

Senior Saudi, Turkish and Pakistani officials to visit Iran to discuss a West Asia security mechanism
On October 26, Iran’s Tasnim News Agency reported that Bagheri, deputy secretary of Iran’s Supreme National Security Council, said Saudi Defense Minister Khalid bin Salman, Pakistan Army Chief Asim Munir and Turkish National Intelligence Organization Director Ibrahim Kalin would visit Tehran and attend a joint meeting. Bagheri disclosed that during an earlier meeting with Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, Munir had said that senior officials from Saudi Arabia, Turkey and Pakistan had decided to visit Tehran, hold talks with the council’s secretary and convene a joint meeting. Bagheri said Saudi Arabia, Turkey and Pakistan could work with Iran, drawing on the experience Iran had gained in building national security during what it called the “third imposed war,” to jointly promote the establishment of a West Asia security mechanism led autonomously by countries in the region. (Jinshi)

Israeli Prime Minister: Proposal to use cryptocurrency to counter potential sanctions draws criticism
According to Reuters, Israeli Prime Minister Benjamin Netanyahu has been criticized by economists and political opponents for proposing the use of cryptocurrency to help Israel’s economy cope with potential international sanctions. In an interview with Israel’s Channel 10 last Friday, Netanyahu said he was preparing for a scenario in which Israel could face broader sanctions.

Utexo co-founder: Bitcoin-bridged USDT will initially target institutions
Utexo co-founder Viktor Ihnatiuk said in a post on X that the USDT bridge launched on the Bitcoin network will initially focus on institutions, which currently have strong demand for minting, redemption, and fund transfers. He noted that large transfers require protecting wallet activity from being viewed by others and avoiding front-running. Details of the rollout for retail users will be announced later.

Standard Chartered-led Anchorpoint plans to launch a retail stablecoin on a public blockchain
On October 26, Cointelegraph reported that Anchorpoint, led by Standard Chartered, is planning to launch a retail stablecoin on a public blockchain, but will not rush its rollout. It sees cross-border payments as a key use case.

Yi Lihua: Still believes $57,000 was the bottom of this bear market; focus should now be on buying opportunities
On October 26, Yi Lihua, founder of Liquid Capital, wrote that over the past month, they had repeatedly called for a pullback. After Bitcoin lost support at $82,000 and $80,000, it is now about to fall below $79,000. If it does, the next strong support level is $75,000, followed by $71,000. However, they still believe that $57,000 was the bottom of this bear market. So the only question is when to buy the dip in this cycle. They don’t have an answer yet—the market is always changing—but from now on, everyone can focus wholeheartedly on opportunities to buy the dip.

Lens Technology expands AI server capacity and enters mass production
Lens Technology stated that capacity related to AI servers at its Songshan Lake campus in Dongguan has been expanded. Its liquid-cooling modules, high-end precision racks, and supporting components for high-speed optical interconnects have passed validation by leading North American computing power providers and secured large-scale orders, and are now entering the production ramp-up phase. The company has also expanded into optical communications and precision metal processing through acquisitions to meet demand for AI servers.

Grok 4.7 recommends Republicans nine times out of ten; GPT-6.1 almost always picks Democrats
According to TechCrunch, Convovo, a conversational AI research and design studio led by Cornell University professor Tapan Parikh, published a study finding that when asked to recommend just one candidate for the upcoming U.S. midterm elections, SpaceXAI’s Grok 4.7 chose a Republican candidate in 92% of its responses, while OpenAI’s GPT-6.1 Sol chose a Democratic candidate in 97%. The study covered nearly 500 races, and the two models agreed on their recommendations in fewer than 10% of cases. Researchers asked both models the same question via API, requiring them to name one candidate and forbidding them from hedging or presenting both sides. The report said consumer-facing apps declined to answer. An OpenAI spokesperson said ChatGPT is designed to be objective by default and that political conversations should not be biased in either direction; the study tested the developer API and explicitly prompted the models to recommend a candidate, so it does not represent users’ experience when asking questions through the chat app. SpaceXAI did not respond to a request for comment in time. The report said Grok’s answers often cited conservative sources as well as Ballotpedia, OpenSecrets, and VoteSmart; 39% included Christian conservative voter guides, 23% included Turning Point Action, and 41% included X. GPT’s results, meanwhile, relied heavily on Wikipedia, the Associated Press, Axios, and Reddit. The study also said that every time Grok was called through the xAI API, it came with about 1,240 additional input tokens that the researchers had not written and could neither view nor remove. Parikh later turned off web search and tested a sample of 30 races: GPT chose Democrats in 24, while Grok declined to choose in 27.

Musk: Future phones will have no apps or operating system—AI will generate whatever you want
On October 25, Musk predicted that smartphones could undergo a complete transformation in the next five to six years: traditional operating systems and apps will gradually disappear, and phones will become dedicated AI-powered terminals. Users will no longer need to download apps or open software. Instead, they’ll simply tell the AI what they want, and on-device and cloud-based AI will work together to generate videos, images, and all kinds of interactive content in real time.

SlowMist: Yapeswap loses approximately $21,900 in an attack; attacker seizes critical permissions with extremely low voting power
According to SlowMist monitoring, Yapeswap was attacked, resulting in losses of approximately $21,900. The incident stemmed from the WorkersUnion governance mechanism having a quorum requirement of zero. As a result, a proposal supported by only approximately 0.000055% of the voting power transferred the feeToSetter permission of YapeFactory to the attacker. The attacker then deployed a malicious Registry contract that caused latestVault() to return a fake vault address, while vaults() continued to list the real vault. YapePair counted the transferred deposits as farm assets but received no redeemable shares, ultimately resulting in a loss of funds. The incident involved contracts including YapeFactory, YapePair, and YapeWrapper.

Changpeng Zhao jokes about the new foldable iPhone: Some crypto traders might drive it “unhinged”
Changpeng Zhao posted on X that many new foldable iPhones might be made “unhinged” by crypto “trenchers” (Many iPhones will be ‘unhinged’ by crypto trenchers), in a tongue-in-cheek remark. In the crypto community, some traders make frequent on-chain transactions, even using their phones to the point of being “unhinged.”

Data: Nearly 60% of tokenized stock trading on Robinhood Chain takes place when Wall Street is closed
On Oct. 25, Cointelegraph reported that, according to Tom Wan of Entropy, nearly 60% of tokenized stock trading on Robinhood Chain takes place when Wall Street is closed. Weekend trading volume reached $532 million in just one month.

On October 25, U.S. President Donald Trump cast his ballot in the midterm elections in West Palm Beach, Florida, on October 24 local time. When reporters at the scene asked whether the United States might launch another attack on Iran, Trump said he would not disclose that kind of information to the media. He also said the United States could strike Iran again at any time, or reach an agreement. Trump added that a year ago, he could have used B-2 bombers to “take care of it and walk away,” but he believes Iran will always find a way to build a nuclear bomb. Therefore, the United States must reach a permanent agreement with Iran. (CCTV International News)

South Korea’s two memory giants set to report third-quarter results; combined operating profit may reach 185 trillion won
On October 25, South Korean chipmakers Samsung Electronics and SK Hynix will release their third-quarter results next week, with strong demand for AI memory chips expected to drive hefty profits at both companies. SK Hynix is scheduled to report on Wednesday, followed by Samsung Electronics on Thursday. Market estimates put their combined operating profit at around 185 trillion won (US$139.4 billion), buoyed by rising memory chip prices and continued growth in demand for high-bandwidth memory (HBM) used in AI accelerators. Samsung Electronics previously forecast third-quarter revenue of 195 trillion won and operating profit of 107.4 trillion won. Investors will closely watch the companies’ progress in supplying next-generation HBM4 chips for AI accelerators, including Nvidia’s Vera Rubin platform. SK Hynix is also expected to post strong results, driven by robust demand for both conventional memory chips and premium HBM products.

Binance spot ETH has a sell order worth approximately $11.9759 million at $2,376.00
According to order book intelligence platform Liquid247.xyz, Binance spot ETH has approximately 5,040.38 ETH in sell orders at the $2,376.00 price level, with a notional value of about $11.9759 million. This is approximately 0.46% above the midpoint price at the time of $2,365.08. On the same exchange, nearby sell-side liquidity totals approximately $20.3501 million, compared with about $9.0268 million on the buy side. Sell-side liquidity exceeds buy-side liquidity by approximately $11.3232 million, accounting for 38.54% of total depth.