Cointime

Robinhood Ventures invests $10 million in AI coding tools company Cognition
According to Fortune, Robinhood Ventures has invested $10 million in Cognition, an AI coding tools company. Robinhood Ventures previously invested $75 million in OpenAI in April this year. Its investment in Cognition marks a multi-company strategy in the AI developer tools sector.

Netanyahu: Israel to impose a siege on the city of Hebron
Israeli Prime Minister Netanyahu has instructed the Israel Defense Forces and security forces to immediately impose a siege on the city of Hebron, and to prepare, starting today, to impose a complete closure on the entire Judea and Samaria region.

White-Haired Stock God Serenity’s positions saw a drawdown of about $13.59 million in October
On October 23, crypto trader “White-Haired Stock God” Serenity posted details of the drawdown in their personal positions on X, saying, “October has been a little volatile, I guess.” In the spirit of openness and transparency, they shared the account’s drawdown. The data they posted showed that the positions had a drawdown of $13,589,443.2 in October, or about $13.59 million.

Unitree Robotics hits the 20% daily limit, gaining over 54% in six trading days
On October 23, Unitree Robotics hit the 20% daily limit in afternoon trading, taking its total market capitalization back above 250 billion yuan. It has gained over 54% in the past six trading days.

Ethereum delays Glamsterdam upgrade testing after security developers uncover compatibility risks in existing contracts
On October 23, according to unfolded., Ethereum postponed the planned activation of the Glamsterdam upgrade on the Hoodi testnet, which was originally scheduled for October 26. Earlier, ChainSecurity pointed out that the gas repricing mechanism in EIP-8037 poses risks that could cause smart contracts to permanently record failed operations and break compatibility with existing mainnet contracts.
During the 248th ACDE (All Core Devs Execution) meeting, core developers canceled the planned fork, including the proposal to raise the gas limit to 200 million. No new activation date has been set for the Hoodi testnet. This also means the mainnet upgrade will be delayed further; it was previously targeted for early to mid-December.

All three major A-share indices turn positive
On October 23, all three major A-share indices turned positive. The Shenzhen Component Index rose 1.37%, the ChiNext Index gained 2.24%, and nearly 2,300 stocks rose across the market. (Jinshi)

AI concerns push global credit spreads to a 17-month high
Global bond markets saw a surge in risk aversion amid a sell-off in AI-related stocks and escalating geopolitical tensions. Spreads on dollar bonds issued by highly rated Asian companies rose to their highest level since July last year, while the yield premium on global corporate bonds jumped to 129 basis points. Concerns about the pace of AI-related spending have roiled markets: Citadel Securities CEO Ken Griffin warned of bubble risks, while Blackstone President Jon Gray said market demand remained strong.

DeepSeek’s latest funding round brings in Legend Capital, Stone Creek Capital and Geely
According to the STAR Market Daily, artificial intelligence company DeepSeek has brought in several industrial and financial investors in its latest funding round, including Legend Capital, the investment arm of Lenovo Holdings; Stone Creek Capital, which focuses on the semiconductor sector; and Geely. Meanwhile, DeepSeek has appointed CITIC Securities as an adviser for its IPO and brought in a new chief financial officer in September this year. Legend Capital and Lenovo Group are both part of Lenovo Holdings. Lenovo Group is Lenovo Holdings’ core industrial company, while Legend Capital is one of its major investment platforms. Legend Capital’s participation in DeepSeek’s funding round also marks the formal entry of Lenovo-affiliated capital into DeepSeek’s shareholder base.

J.P. Morgan Asset Management: Its tokenized money market funds launch on Solana
According to PR Newswire, J.P. Morgan Asset Management announced that its tokenized money market funds, MONY and JLTXX, have launched on the Solana blockchain and are available to eligible U.S. investors. Eligible investors can subscribe to and redeem shares through its institutional trading platform, Morgan Money, and receive token balances at their own blockchain addresses. MONY is a private fund established under Rule 506(c) and launched in December 2025. At the time, J.P. Morgan was the first global systemically important bank to launch a tokenized money market fund on a public blockchain. JLTXX is a U.S.-registered government money market fund whose investment strategy is designed to support stablecoin issuers under the framework of the GENIUS Act.

Barclays plans to cut 5,000 jobs as it expands AI use
According to Yonhap News Agency, global investment bank Barclays plans to cut 5,000 jobs while expanding its use of artificial intelligence, equivalent to about 5% of its total workforce. This includes 1,000 jobs already cut in the first half of this year. Around 60% of those affected are in support functions, including development. Barclays CEO Venkat Krishnamurthy said on a conference call that the company would roll out AI on a large scale, adding, “AI isn’t the cake; it’s the icing on the cake.” Barclays announced a cost-cutting plan in February, but some investors reacted negatively to the scale of costs reported in its half-year results. Among its peers, HSBC is considering cutting up to 20,000 jobs over the next few years, while Standard Chartered plans to reduce support-function roles by more than 15% by 2030.

Hong Kong SFC: Lists BTCC as a suspicious virtual asset trading platform
The Hong Kong Securities and Futures Commission (SFC) has listed BTCC as a suspicious virtual asset trading platform. The SFC said the platform is operated by BTCC Poland Limited, a Polish company (whose name is available only in English), is not licensed by the SFC, and is suspected of conducting unlicensed activities in Hong Kong.

Shanghai Composite falls below 3,600
On October 23, the Shanghai Composite fell 1.7%, dropping below the 3,600-point mark to its lowest level since August 2025. The Shenzhen Component fell 1.7%, while the ChiNext Index dropped more than 2%. Lithography machines, CPO and PCB stocks were among the biggest decliners. (Jinshi)

Huawei secures seven-year offshore loan of 15 billion yuan as chip spending rises
Huawei Technologies Co. has secured a 15 billion yuan (about $2.25 billion) loan as spending on chips for AI-related projects surges, Bloomberg reported on Oct. 22. The seven-year offshore yuan loan was provided by six Chinese lenders, including Bank of China, China Construction Bank and Industrial and Commercial Bank of China, and will be used for general corporate purposes, a person familiar with the matter said. The person asked not to be identified because the discussions were private. According to a report republished by Moneycontrol and credited to Bloomberg, the deal highlights the role of domestic lenders in Huawei’s offshore financing since the United States imposed restrictions on the company in 2019. Before finalizing the deal, Huawei had held exploratory talks with international banks. Huawei, Bank of China, China Construction Bank and Industrial and Commercial Bank of China did not immediately respond to requests for comment. The report said Huawei’s research and development spending rose to 121 billion yuan in the first half of this year. It also stockpiled memory chips as costs soared, leaving it with negative cash flow of 39.9 billion yuan and eroding its profits for the period. According to data compiled by Bloomberg, this is Huawei’s first offshore syndicated loan since it raised HK$11.8 billion (about $1.5 billion) in 2020.

Shanghai Financial Regulatory Bureau: Using big data and blockchain to expand supply chain finance
The Shanghai Financial Regulatory Bureau issued Several Measures to Promote the High-Quality Development of Digital Finance in Shanghai’s Banking and Insurance Sectors, calling for the prudent expansion of supply chain financial services using technologies such as big data and blockchain. The measures call for the regulated development of products such as accounts receivable financing, supply chain bill financing, warehouse receipt pledge financing, and order financing. They also call for continued efforts to deepen insurance services for advanced manufacturing and enhance comprehensive risk protection capabilities.

Zcash to activate NU7 upgrade, tripling block production speed
On October 22, Zcash co-founder Sean Bowe posted that the Zcash NU7 upgrade is about to activate. Version Zakura 1.7.0 will take effect at block height 3,543,405, corresponding to the evening of November 5 in U.S. time. After the upgrade, Zcash will produce blocks three times faster than before. The upgrade also includes other updates, such as the NSM funding mechanism and the deactivation of the Sprout pool.

National Information Security Vulnerability Sharing Platform: PHP Remote Code Execution Vulnerability Rated “High Risk”
On October 22, according to the National Information Security Vulnerability Sharing Platform, on October 21, 2026, the platform (CNVD) recorded a PHP remote code execution vulnerability (CNVD-2026-41674 and CNVD-2026-41675, corresponding to CVE-2026-109618 and CVE-2026-109619). Unauthenticated remote attackers can craft malicious HTTP requests to trigger memory errors and, under certain conditions, launch denial-of-service attacks against target servers, steal sensitive data, or execute code remotely. Technical details and PoCs for the vulnerabilities have now been widely circulated. CNVD recommends that affected users upgrade to the latest version immediately. CNVD rates the overall risk of the vulnerabilities as “High Risk.” (National Information Security Vulnerability Sharing Platform)

Jensen Huang: Regulation cannot prevent AI safety incidents from happening
October 22, Jensen Huang: Regulation cannot prevent AI safety incidents from happening.

Futures on the three major U.S. stock indexes continue to fall, with S&P 500 futures losses widening to 1%
On October 22, Dow futures fell 0.59%, S&P 500 futures fell 0.99%, and Nasdaq 100 futures fell 1.75%. (Sina Finance)

Musk publicly backs a SpaceX–Tesla merger, prompting shareholder questions about its fairness
On October 22, Elon Musk publicly confirmed that SpaceX and Tesla were assessing the possibility of a merger. A person directly familiar with the negotiations said Musk’s decision to disclose progress on the deal to investors and express his support could prompt shareholders to question whether the transaction is fair, slow negotiations, and even subject the deal to a longer period of legal scrutiny. Typically, parties avoid publicly expressing a preference while independent directors evaluate a major transaction, so as not to compromise the fairness of the process or give the impression that the decision has already been made. Market analysts say that if SpaceX and Tesla ultimately merge, the deal could be worth as much as $3.5 trillion. A transaction of that scale would involve not only corporate governance and shareholder rights but could also draw scrutiny from regulators around the world. Tesla has significant operations in China, while SpaceX is involved in U.S. defense programs and the artificial intelligence sector. The companies’ distinct business profiles, regulatory environments, and national security considerations could make merger approval more complex.

South Korea’s KOSPI Index extends intraday losses to 4%
According to Gate market data, South Korea’s KOSPI Index has extended its intraday decline to 4%, currently at 5,503.73 points. SK Hynix is down more than 6%, while Samsung Electronics is down more than 4%.