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Launching rockets by day, landing on an investigation list by night—Elon Musk’s life is never dull.
On one hand, SPCX posted quarterly revenue of 14.575 billion and a whopping 4.4 billion in profit, turning a profit for the first time. On the other, Tesla’s net income plunged 43% year over year, while its automotive gross margin is being eaten away by the price war. The results couldn’t be more different, and the trouble is piling up too. If Democrats take the House in the midterm elections, the Oversight Committee already has a list drawn up: investigate SpaceX contracts, Starlink’s access privileges, and $276 million in donations.
Musk’s warning—“Those who play with fire will get burned”—landed with a punch, but the politicians have already put the issue on the table. SPCX’s return to profitability marks a real shift, but political risks could wipe out its premium at any moment. Don’t mistake the world’s richest man persona for a moat. SPCXSPCXSPCXTSLA
The output value of Dongguan’s electronic information industry has surpassed 1.1 trillion yuan, and 90% of smartphone components can be sourced within a one-hour supply radius.
According to a report by CNR on October 23, Dongguan is now using AI to connect R&D with manufacturing, transforming itself from the “world’s factory” into a “global intelligent manufacturing hub.”
People used to think the city was all about contract manufacturing and assembly. Now, leading companies are opening up their in-house testing and R&D needs, bringing more than 30,000 upstream and downstream companies together to advance technological innovation. Complex challenges are being tackled within the industrial chain, giving Dongguan’s smart manufacturing capabilities a major boost.
An RTX 5090 worth about 3.3 million yuan was just stolen at a Brazilian airport, and then a ZOTAC 5090 popped up on the secondhand marketplace OLX.
The seller listed it for the equivalent of over 40,000 yuan. But when someone checked the serial number, it matched one of the stolen cards. Selling stolen goods online in broad daylight—hard to tell whether the seller is incredibly brazen or has completely lost their wits.
HSBC has launched a Hong Kong dollar stablecoin, RedCoin (RCHKD), in Hong Kong, with PayMe transfers and payments
It’s called a stablecoin, but ETH folks, don’t get too excited just yet. For now, the whole thing runs inside HSBC’s own app. They haven’t even said what blockchain it runs on or whether you can withdraw it to an external wallet. Put simply, it’s a closed-loop, regulated payment system built by a traditional bank—nothing like the permissionless crypto assets we usually deal with. The bank clearly wants a piece of the action, but this clunky design hits all the pain points. On-chain users can’t actually use it directly.
The Ministry of Housing and Urban-Rural Development and five other departments have issued guidelines, paving the way for the renovation and upgrading of old neighborhoods and factory districts. Alongside repurposing factory sites and upgrading old commercial areas, the most tangible benefits for ordinary people will come from renovating older residential neighborhoods and transport hubs. Gaps in municipal utility networks and public services will be addressed, and small public spaces will get a makeover too—making life there much more comfortable. The key now is how local governments put their specific implementation plans into action.
There’s another post online urging people to “hurry, spots are limited,” claiming you can earn $25 to $35 by enabling Binance Agent and minting four NFTs, but you first have to deposit $20 in BNB for gas fees.
These short posts, which tell you to enable developer mode and hand over all on-chain operations to AI, are essentially just one-sided claims from random bloggers. First, make sure you understand wallet permissions and private-key security. Don’t let a profit of twenty or thirty dollars blind you into handing over full control of your account.
EVE Energy’s profit growth in the third quarter this year was seriously impressive
According to IT Home, EVE Energy’s newly released financial report for the third quarter of 2026 shows that its adjusted net profit for the quarter reached 1.644 billion yuan, more than doubling year over year, up 110.64%.
Quarterly total operating revenue was 27.698 billion yuan, and net profit attributable to shareholders of the parent company was 1.939 billion yuan. This time, growth in its core business has clearly translated into higher profits. Shipments of power batteries in the first three quarters also surged to 66.17 GWh. As the business continues to scale up, the question is whether this momentum can be sustained.
This year, even computing-power packages for large AI models have made it onto the shelves for Singles’ Day. Sina Social Hot Topics reported on October 23 that a survey found 79.4% of consumers ask AI before shopping, and some e-commerce workers in Fuzhou have started stocking up on “tokens” in the top-up section. People used to scramble for toilet paper and laundry detergent during Singles’ Day sales. Now they’re stocking up on computing power instead. AI isn’t just acting as a shopping guide—it’s managed to sell itself as a product, too.
Revenue rose 55% and earnings beat expectations. Even the guidance for next quarter looked pretty solid, yet WDC dropped 6.4% during regular trading yesterday, then fell another five or six points after earnings came out.
The market had already priced in the good news. Add management’s warnings about rising costs and high capital expenditures, and the fact that AI stocks were being sold off the same day, and the stock got slammed. Overnight, WDC perpetuals on Binance hit a low of 322.5 and have now bounced back to around 351. Next, it’s all about whether 322 gets breached again. It won’t be able to catch its breath until it gets back above 375. That’s just how things are in the memory sector right now: no matter how good the results look, it’s not enough to make people keep buying in.
iPhone Duo officially goes on sale on October 23. IT Home, one of the first apps to support it, published an article discussing the progress of its adaptation. Everyone had been expecting the foldable screen’s adaptive feed to fill the entire display, but it wasn’t ready in time for launch. The current version has only completed the first two steps. The key responsive layout for the home-page feed will have to wait until the third step to go live. This optimization just gets more awkward the more you use it. Searching for “IT Home” in the App Store now shows “MADE FOR iPhone Duo” on the app’s details page.
Pu Cunxin’s theater workshop came to Peking University’s Centennial Hall. According to a report by Xinhuanet on October 23, 2026, *New Vision* followed the cameras onto the Peking University campus, capturing actor Pu Cunxin and PKU students and faculty exploring the魅力 of theater together. Seeing a renowned actor step right off the stage to talk face-to-face with students is certainly a much more vivid way to experience theater than simply watching a performance.
A retail investor posted that it was “pretty easy to farm some starting capital” through Binance’s “神算子” event. They’d just started and already made the top 3,000, and were waiting for their 5u reward so they could “build from the ground up.”
But the screenshot makes it pretty clear: the 100,000 USDC weekly prize pool is split among the top 8,000 users. Going to all this trouble for a measly 5u in starting capital—I really don’t know whether to call it a zero-cost comeback or just hyping up a few bucks like it’s a big deal.
It’s already late October, yet dragon boat racing is still going on in the Puxia River in Fuzhou. According to Sina Social Hot Topics, a 500-meter straight-course race was held here on October 21, and the riverbanks were packed with people holding up their phones to take photos and check in. I thought dragon boat races were just a bit of fun during the few days of the Dragon Boat Festival, but the locals have managed to keep the enthusiasm going well into late autumn, with cheers from both banks even louder than in summer.
The country’s first AI theatrical feature film, *Sanxingdui: Past Events of the Future*, opened today. According to IT Home, this “fully AI-made film”—created by a team of nearly 100 people over two years, generating 1.2 million base images—took in just over 125,000 yuan on its opening day.
Billed as “the first major AI film to receive an official release permit,” it has fared disastrously at the box office. The result of this technology-heavy gimmick is, to say the least, a little hard to know whether to laugh or cry.
BTC touched 82,292 and then pulled back. Worse than the move itself was the volume: yesterday’s sell-off saw 1.57 billion U in trading volume, while today’s rebound managed only 1.28 billion U, down 18%.
Down on rising volume, rebound on falling volume. That means real selling pressure came in on the way down, while hardly anyone joined in on the way up. Yesterday’s high-volume drop wasn’t a slow bleed, and today’s low-volume rebound is definitely not a reversal. For the trend to truly turn, rebound volume has to exceed the volume on the down day. It hasn’t. BTC at $2,000
The main construction work on the Heixiazi Island highway port project in Fuyuan, Heilongjiang, was recently completed. Once the project officially opens, it will fully resolve the seasonal restrictions at Fuyuan’s existing port, which becomes impassable during the freeze-up period, enabling regular customs clearance all year round. For people moving goods across the border and those who travel back and forth frequently, there’ll be no more having to plan crossings around the weather and ice conditions. This is a project that will make a real difference to everyday life.
Shentong Express posted attributable net profit of 540 million yuan in the third quarter of 2026, a whopping 78.72% jump year on year. That’s a pretty impressive rate of profit growth, far outpacing the 21.59% increase in revenue over the same period. Even though one of its subsidiaries was recently investigated and fined 60,000 yuan by the postal authority, judging purely by the profitability shown in its financial statements, it doesn’t seem to have slowed the company down much in its pursuit of big profits.
On October 21, Grayscale published a valuation study that listed the top five tokens by adjusted earnings yield. CAKE was around 14.4%, and AAVE was on the list too.
But don’t see 14.4% and assume you’ll reliably collect dividends every year if you buy in. Put simply, Grayscale’s approach looks at how much a project earns, subtracts the dilution from new token issuance, and calculates how much is left for each token.
Lots of projects brag about their protocol revenue and how high their TVL is, but all the money ends up in the hands of the project team while their tokens keep unlocking and getting diluted. It doesn’t matter how much the project earns if you, as a token holder, get none of it. The more you look at these lousy numbers, the more frustrating it gets.