On June 24, 2024, a fire broke out at a battery manufacturing plant in Hwaseong, Gyeonggi Province, South Korea, killing 23 people, including 17 Chinese nationals. The first-instance ruling was 14 years, but the final sentence was 4 years.
Oct. 20 — According to Crypto Briefing, BNB Chain has opened a dedicated community forum section for the new Layer 1 network NewL1. The section launched in July 2026 and was promoted again on Oct. 17 and 19. NewL1 is EVM-compatible and targets trading, payments, and AI use cases, including autonomous trading by AI agents. Its performance targets are pre-confirmation in under 50 milliseconds, more than 100,000 TPS, and sub-second finality. NewL1 will not issue a new token; BNB will be the only gas token. The network will introduce a TxStream structure to reduce frontrunning risk, add privacy enhancements, and build a native cross-chain bridge connecting to BSC. Forum discussions cover technical topics such as token economics, consensus protocols, and privacy; price speculation is prohibited. The testnet is expected to launch by the end of 2026, with mainnet expected in early 2027. $BNB
October 20 — The Hyperliquid Policy Center (HPC) submitted a comment letter to the U.S. SEC on October 19, supporting its proposed Crypto Asset Regulatory Framework and offering five recommendations: explicitly include qualifying airdrops in the formal rules and clarify that claiming them and taking compliance-related actions do not constitute the payment of consideration; clarify the intermediary status of secondary-market trading and on-chain protocols; allow projects to use the safe harbor without presumptively acknowledging that their tokens were previously involved in an investment contract, and extend protection to the development stage; include guidance on token buybacks, distinguishing buybacks automatically executed under established rules from those made at the project’s discretion; and ensure that exemptions from state-level registration requirements remain in effect after projects meet the safe harbor conditions. The proposal would allow startups to issue up to $5 million in tokens over four years, with a separate fundraising exemption of up to $75 million in any 12-month period. $HYPE
On October 20, Hyperliquid ecosystem’s first L2 network, Elysium, announced that it will launch its mainnet on November 9. Elysium is a general-purpose, high-performance L2 network built specifically for Hyperliquid. Its settlement layer is HyperEVM (Hyperliquid’s smart contract environment), and it is deployed in coordination with HyperCore, which handles trading. Its native gas token is HYPE. The network currently runs Conduit’s G2 sequencer, and its underlying architecture complies with SOC II Type 2 security standards. After the mainnet launch, Elysium will transition from testing to a production network, opening up for applications and trading. $HYPE
#nil $NIL @Nillion Nillion is a blockchain project focused on privacy computing. It claims to provide secure data storage and privacy computing for blockchain and AI. Its token is called NIL. This campaign promotes its core product, Covenants, whose first version is Dusk.
Once again, it’s time for the annual fair and impartial talent selection exam. I remember that the position I applied for back then had 253 applicants per opening. Some were happy, while others were disappointed.