Binance News

Binance Wallet announced on X that three days remain to join its R25 Season 2 campaign. The campaign runs until 15:59 UTC on October 26, 2026. Users can subscribe USDC to the R25 Axil USDC Vault, which has a three-month lock-up, for a stated 12.5% APY and a share of $200,000 in PROS rewards. The announcement describes two promotions. Promotion A requires a subscription of at least 100 USDC to qualify for a share of $150,000 in PROS Boosted APR rewards. Promotion B is a leaderboard competition offering a share of $50,000 in PROS VIP-exclusive rewards. The post says leaderboard rankings will lock in three days. It identifies the vault in its access path as R25 under Binance Wallet DeFi Protocol, with the product named Axil Prime 3M USDC Vault. The two stated reward pools are $150,000 for Promotion A and $50,000 for Promotion B, together accounting for the announced $200,000 in PROS rewards.

Tesla and Nvidia will invest $2.8 billion in a Samsung Electro-Mechanics factory. According to ChainCatcher, the investment was reported by South Korea's Maeil Business Newspaper.

China is seeking to seize more than 61,800 BTC tied to an alleged $5.7 billion fraud affecting more than 102,000 investors. The case centers on Qian Zhimin, whose company prosecutors say sold unlicensed wealth-management products from 2014 to 2017; investors lost nearly 20 billion yuan, according to CoinDesk. On Oct. 13, a Tianjin court accepted the confiscation request and opened a six-month period for victims and other interested parties to join, while nonparticipants may still seek refunds. A U.K. High Court ruled Chinese law should govern victims’ claims to the Bitcoin seized in Britain; lawyers for some victims are seeking to appeal.

US spot Bitcoin ETFs took in $528 million of net inflows on Wednesday, October 21, according to SoSoValue. That followed $23 million on Tuesday and $526.6 million on Monday, a three-day total of $1.08 billion. The streak lifted October’s net flows to about $461 million, from roughly $615 million of outflows on October 16, and year-to-date inflows to $1.34 billion.Three Days Reverse Two Weeks of OutflowsThe inflows came after two straight weeks of withdrawals: $681 million in the week to October 9 and $228 million in the week to October 16. According to Farside Investors data, BlackRock’s iShares Bitcoin Trust (IBIT) led Wednesday with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with about $213 million.Bitcoin briefly rose to an intraday high of $84,777 on Wednesday before slipping back to around $82,500, according to CoinGecko.Altcoin ETFs Snap Outflow StreaksEther ETFs added $15 million, ending a five-session run of outflows. Solana ETFs took in about $585,000 to end a 13-day outflow streak, and XRP ETFs added about $709,000.Steep Rallies Ran on $235 Million a DayA CoinDesk analysis of SoSoValue data identifies three steep rallies since the funds launched in January 2024, defined as gains of more than 50% with no drawdown deeper than 20%:PeriodBTC moveAvg daily inflow$500M+ days$1B+ daysJan 23 – Mar 14, 2024+79% ($39,900 to $71,400)$294M101Aug 5 – Dec 17, 2024+96% ($54,100 to $106,100)$202M163Apr 6 – Jul 14, 2025+53% ($78,400 to $119,900)$248M132All three (199 days)–$235M396The Current Pace: $86 Million a DaySince July 1, Bitcoin has gained 39%, from about $60,000 to $83,500, on average inflows of about $86 million a day, roughly a third of the steep-rally average. The funds have had seven days of $500 million or more in that time, about one in every 11 trading days, against one in five during the steep rallies, and none of $1 billion or more.Giottus CEO Vikram Subburaj said institutional demand shows tentative improvement but that flows remain volatile, and sustained inflows are needed to confirm a stronger recovery. Demand through futures or direct spot buying can also move prices.

The PHP Foundation has acknowledged that indecision and a shortage of resources delayed a fix for a critical security flaw first identified in 2024, calling the stalled response a "structural failure," according to Cointelegraph. Government agencies and other organizations worldwide took websites offline Wednesday as a precaution while PHP released emergency patches for two related critical vulnerabilities that could let unauthenticated attackers execute code on affected servers without logging in. PHP is a programming language widely used to power websites, web applications and content management systems. In a blog post after the patch, the foundation said its developers first spotted signs of the vulnerability in 2024 but struggled to craft a fix without disrupting the large ecosystem built on PHP. "Combined with the lack of a known path to remote code execution and the small team of core developers with the necessary deep knowledge of the engine occupied with many responsibilities, this decision process caused work on a fix to stall and restart repeatedly over months," the foundation said. "We won't pretend otherwise: the delay was a structural failure, caused by both the security team's decision process and its lack of resources." The flaw was flagged again Aug. 11 after security firm Calif and OpenAI independently reported the same underlying issue — Calif demonstrated unconditional remote code execution, making it a top security priority. The disruption stretched worldwide: the Netherlands shut its digital identity service and its National Cyber Security Center took its website offline; Finland's state IT provider Valtori disconnected public web services; France's Interior Ministry temporarily took prefecture sites offline; Germany's federal IT provider ITZBund disabled several sites, according to Reuters; and Australia's Signals Directorate confirmed cyber.gov.au was affected. Japanese Prime Minister Sanae Takaichi urged operators on X to prepare the patch as quickly as possible, saying temporarily suspending website functions could reduce risk if it couldn't be applied immediately. The Wikimedia Foundation took Toolforge and Cloud VPS offline as a precaution, knocking parts of Wikipedia offline Wednesday. In crypto, SlowMist's MistEye survey identified 793 domains with direct PHP fingerprints among 1,488 assessed, urging exchanges, DeFi platforms and wallet providers to review exposure and upgrade. Intersect, the Cardano governance organization, temporarily took its Members Area offline. Coinbase chief security officer Jeff Lunglhofer said the company found no evidence of exposed PHP instances: "Whenever we hear about vulnerabilities like this, we automatically conduct a full sweep to make sure everything is as safe as we can make it. We're also working with our third party suppliers for extra assurance." BitGo said its platform was unaffected. Binance founder and former CEO Changpeng Zhao (CZ) warned internet users Wednesday to be "extra careful" visiting any website in the next few days, as some web administrators may not be up-to-date with security patches. OpenAI released a Codex skill on GitHub to help operators check for vulnerable PHP versions and identify applicable updates. The PHP security team said it has not identified any functional exploits at the time of its public disclosure.

Bitcoin was roughly flat just under $82,800 in Thursday’s Asian morning, after a late-Wednesday breakout above $84,000 reversed within hours. Mixed results from Tesla and Meta pushed Nasdaq 100 futures down 1.1%, and China’s CSI 300 slid into a bear market.A Breakout That Lasted HoursBitcoin cleared the $84,000 level that had capped it in mid-October and topped out near $84,800 late Wednesday. Within about six hours it had fallen $2,200, or 2.6%, to around $82,600.That left the price sitting on $82,500, a support level QCP also flagged in early October. CryptoQuant has identified $70,000 as the next major support below, according to crypto.news.Mixed Moves Among the MajorsZEC was the standout, up nearly 3% to about $1,290, and XRP added less than 1%, according to CoinDesk data. HYPE fell 3% to about $79, DOGE lost 2% and SOL about 1%, while ether, BNB and TRX each slipped less than 1%.Tesla Cuts Capex, Meta Lifts Its FloorTesla shares fell about 3.3% after hours after it cut its 2026 capital-spending forecast to about $20 billion, from more than $25 billion. Analysts read the cut as a sign that the ramp of its Optimus robots and Cybercab robotaxis is slipping.Meta rose about 2% after third-quarter revenue of $64.6 billion beat estimates and it raised the low end of its 2026 capex range to $135 billion. Chip-equipment maker Lam Research fell more than 5% on its outlook. S&P 500 futures lost 0.5%.China’s CSI 300 Enters a Bear MarketSouth Korea’s Kospi dropped about 2.2% as Samsung Electronics and SK Hynix retreated. China’s CSI 300 fell more than 1% and entered bear-market territory, 20% below its June peak, after 10 straight weekly declines. Alibaba led Chinese e-commerce stocks lower amid a broad tech selloff. Crude oil climbed.

According to CNBC, Norway's sovereign wealth fund, the world's largest, recorded a third-quarter loss of 278 billion kroner ($29.7 billion), or about $30 billion, as rising interest rates weakened returns on bonds. Norges Bank Investment Management (NBIM), which manages the $2.3 trillion fund, reported a negative 3.5% return on fixed-income investments, a key driver of the overall loss. NBIM Deputy CEO Trond Grande said in a statement that the fund's overall return was slightly negative as higher rates hurt fixed-income performance.

Copper fell alongside other industrial metals as a selloff in AI-related stocks reduced risk appetite across global markets, according to Bloomberg.

According to Jin10, Singapore is attracting more overseas gold assets as wealthy holders of physical gold weigh legal systems, financial stability, and political risks alongside gold prices; private gold holdings have grown about 16-fold in a decade.

Bitcoin cleared $84,000 late Wednesday — the level that had capped it three times — topped at $84,800, then fell $2,200 within six hours back to $82,600. Meta beat Q3 estimates (revenue $64.6B vs $63.3B, Q4 guidance midpoint $74.5B above consensus) and raised its capex floor to $135B. Tesla beat EPS ($0.48 vs $0.44) but cut full-year capex to $20B from $25B — read as Optimus and Cybercab slipping. Nasdaq 100 futures -1.1%. KOSPI closed at its lowest since April, down 3.52% to 5,533 with SK Hynix -5.5%; Nikkei -2.65% to 62,908. China’s CSI 300 entered a bear market — 20% below its June peak after 10 consecutive weekly declines. Bitcoin ETFs pulled in $1.08B across three days but at $86M/day — a third of prior steep-rally pace.Bitcoin Gives Back Its Break Above $84,000 as Tesla’s Capex Cut and Meta’s Spending Fail to Calm the AI TradeBitcoin cleared $84,000 late Wednesday — the level that capped it on October 13, 14, and 20 — peaked at $84,800, then fell 2.6% to ~$82,600 within six hours. The breakout lasted one trading session. $82,500 is the support QCP flagged in early October; CryptoQuant puts the next major support at $70,000. Mixed AI earnings drove Nasdaq 100 futures -1.1% and S&P 500 futures -0.5% — Tesla’s capex cut read as execution risk on Optimus/Cybercab, Meta’s $135B spending floor read as sustained capex pressure. ZEC +3% to ~$1,290, XRP +<1%; HYPE -3%, DOGE -2%, SOL -1%. China’s CSI 300 fell into a bear market (-20% from June peak, 10 consecutive weekly declines) as Alibaba led a broad tech selloff. KOSPI -2.2% intraday with Samsung and SK Hynix retreating.Meta Beats Q3 Revenue Estimates, Issues Strong Q4 GuidanceMeta Q3 revenue: $64.6B (+26% YoY, vs $63.3B expected). Net income: $9.86B ($3.83/share) vs $2.71B ($1.05/share) a year earlier. Q4 guidance: $73-76B (midpoint $74.5B vs $73.7B consensus). Muse: 10M+ US/Canada accounts; Zuckerberg expects cost efficiency to improve 10x+ over the next year before revenue lines hit scale. Capex range revised to $135-145B (floor raised from $130B). New Class C nonvoting stock approved (one-for-one distribution in January 2027), doubling shares outstanding while Zuckerberg retains control — the mechanism that funds AI infrastructure without diluting voting power. Total expenses: $51.6B (+68% YoY, including multistate legal settlement charge). Reality Labs losses projected to narrow to ~$15B in 2027. New legal risk: a New Mexico judge ordered Meta to pay $25B — the largest fine ever imposed against the company — after a jury found it liable for deceiving users about Facebook privacy. Meta +2.5% after hours.Tesla Beats Earnings Estimates as Free Cash Flow Swings PositiveTesla Q3: revenue $28.05B (vs $28.13B expected), adjusted EPS $0.48 (vs $0.44), adjusted EBITDA $3.90B (vs $3.66B). Automotive revenue -3% YoY to $20.56B on lower average selling prices and battery supply constraints. GAAP net income $787M (-43% YoY). Free cash flow: $1.53B vs an expected outflow of $4.92B — the genuine beat. Full-year capex cut to $20B from $25B; CFO Taneja: funding capex primarily from operating cash flows. The market read the cut as a signal that Optimus and Cybercab ramps are slipping rather than as capital discipline. Deliveries: 486,532 (-2% YoY, above 463,000 consensus). Optimus: production has begun at Fremont. FSD subscribers: 1.74M. AI training capacity target: 400 MW by year-end. Tesla holds 8,430 BTC unchanged ($972M at current prices). SpaceX-Tesla merger: special committees of independent directors formed at shareholder request; Musk: “I don’t think we should necessarily assume... it would be a certainty.”KOSPI Sinks 3.52% to Its Lowest Close Since April as SK Hynix Falls 5.5%; Nikkei Drops 2.65%KOSPI closed at 5,533.77 (-3.52%, -201.89 points) — its lowest close since April and 39.3% below its June record. SK Hynix -5.48%, Samsung -4.02%; institutions net sold 464.1B won. KOSDAQ -3.62% to 764.1. The Bank of Korea held its benchmark rate at 3.00% on the same day — no relief from the central bank on a session where AI capex concerns drove the memory complex lower again. Nikkei 225 -2.65% to 62,907.84, its first close below 63,000 since September 14. The KOSPI has now triggered 10 circuit breakers this year, lost 39.3% from its June record, and posted its worst quarter since Q1 2020 in Q3. The index is pricing a structural repricing of AI memory demand, not a temporary correction.Bitcoin ETFs Pull In $1.08 Billion in Three Days, but the $86 Million Daily Pace Since July Is a Third of Past RalliesThree-day ETF total: Monday $526.6M (IBIT $665.2M, FBTC -$83.6M, GBTC -$54.9M), Tuesday $23M, Wednesday $528M (IBIT $235M, FBTC $213M). October net: ~$461M positive, flipping from $615M in outflows on October 16. YTD: $1.34B. Ether ETFs +$15M Wednesday (ending a five-session outflow streak); Solana ETFs +$585K (ending a 13-session streak); XRP ETFs +$709K. The pace comparison is the analytically important number: the three prior steep Bitcoin rallies (Jan-Mar 2024, Aug-Dec 2024, Apr-Jul 2025) averaged $235M/day, with one $500M+ day in every five and six $1B+ days total. Since July 1, the current $83,500 price (+39% from $60,000) has come on $86M/day — one $500M+ day in every 11, and zero $1B+ days. Giottus CEO Subburaj: institutional demand shows tentative improvement but flows remain volatile; sustained inflows are needed to confirm a stronger recovery.

The Starknet Foundation said a nonbinding Snapshot vote on whether to study an independent quantum-resistant L1 path has concluded, with 93.52% of participating voting power in favor. According to Foresight News, StarkWare and the Starknet Foundation will form a joint working group and begin the research immediately, assessing technical requirements, trade-offs, and potential effects on users, developers, and the ecosystem. The group will publish its findings on the governance forum over time. The Foundation said the vote does not approve a transition of Starknet to an L1. If the research supports moving forward, a detailed proposal will be submitted for another community vote.

South Korea’s KOSPI closed down 201.89 points, or 3.52%, at 5,533.77 on Thursday, its lowest close since April and 39.3% below its June record close. SK Hynix fell 5.48% and Samsung Electronics 4.02%, and institutions were net sellers of 464.1 billion won. The KOSDAQ dropped 3.62% to 764.1. The Bank of Korea held its benchmark rate at 3.00% on the same day.Japan’s Nikkei 225 fell 2.65% to 62,907.84, closing below 63,000 for the first time since September 14.

South Korea Financial Services Commission Chairman Lee Eog-weon said Thursday at a National Assembly hearing that discussions on the Digital Asset Basic Act are nearing completion and the government will seek to introduce the bill soon. According to Foresight News, the proposed law would establish a framework for crypto assets, including an exchange licensing system, rules for stablecoin issuance and clearer legal definitions.
Lee also said cryptocurrency taxation should take various circumstances into account. South Korea’s crypto tax plan was originally scheduled to take effect on January 1, 2027, but has been postponed three times amid fairness concerns and inadequate infrastructure.

Microsoft had about 223,000 full-time employees as of June 30, 2026, down from 228,000 a year earlier, according to its fiscal 2026 Form 10-K. According to ChainCatcher, the decrease of about 5,000 employees marked the company’s first workforce decline in a decade.
U.S. employees numbered 121,000, while overseas employees totaled 102,000. Microsoft had about 77,000 research and development employees, roughly 4,000 fewer than the 2024 peak. Meanwhile, revenue for fiscal 2026 rose 18% year over year to $331.8 billion.
The employee figures exclude a new round of cuts affecting about 4,800 positions in July 2026. Microsoft previously said the eliminated roles would not be directly replaced by AI.

A whale sold all 36,000 XMR on October 20, realizing a profit of about $3.441 million. According to BlockBeats On-chain Detection, the address had been building its Monero position since August 9, with an average purchase price of about $383.23 and an average sale price of about $513.
Monero rose 12% today to a three-month high. Had the whale continued holding, the position could have generated an additional $4.77 million in potential profit.

Alibaba Group Holding Ltd. shares had their steepest decline in two months as investors worried about Chinese authorities’ push to tighten product-quality standards and strengthen consumer protection, Bloomberg reported.

Treasury prices fell as reports that the Middle East war was heating up lifted oil prices, according to Bloomberg.

According to the announcement from Binance, a two-round Orochi Network (ON) trading competition on Binance Alpha will distribute 840,000 ON tokens equally among the 2,000 users with the highest eligible purchase volumes, giving each winner 420 ON. The first competition runs from 2026-10-22 13:00 (UTC) to 2026-10-29 13:00 (UTC), and the second runs from 2026-10-29 13:00 (UTC) to 2026-11-05 13:00 (UTC). Rankings will use effective trading volume, which applies an early-trading multiplier to purchases. The multiplier is 2.0x on Days 1 and 2, 1.8x on Days 3 and 4, 1.5x on Day 5, 1.3x on Day 6 and 1.0x on Day 7 of each round. Eligible Rising Traders—users who had won rewards in fewer than three previous Binance Wallet Alpha trading competitions as of three days before the promotion period—can also receive a 1.2x boost, subject to a cap on the amount of volume that qualifies. Only cumulative purchases made through Binance Wallet (Keyless) or Binance Alpha count; sales, token bridging and third-party dApp transactions are excluded. Eligible users will be able to claim rewards in ON, which are to be made available before 2026-11-19 13:00:00 (UTC). Winners must claim within 14 days after rewards become available.

Ethereum researchers proposed cutting transaction finality from about 16 minutes to roughly four, which could reduce cross-chain costs by freeing transfer services’ capital sooner. The unfinished draft, filed Wednesday by Ben Edgington and colleagues, has no activation date, according to CoinDesk. It would separate validators’ block-selection and finality votes; a service advancing $1 million an hour would have about $67,000 awaiting repayment instead of $267,000. Researchers say the split could support faster finality and a future shift to quantum-resistant signatures, but voting rules and parts of the security analysis remain unresolved as of Thursday. Four-minute finality would still lag Solana’s roughly 150-millisecond target.

Kuala Lumpur High Court has ordered the government to return 497.82 Bitcoin to nine victims of an investment scam. According to ChainCatcher, Malaysian media reported that the ruling found the victims had been defrauded by Fadino Khairuman and Asyran Ismail between 2015 and 2016.
The victims deposited a total of 362.04 Bitcoin into Bitkingdom wallets after being promised daily returns of 1%. The Bitcoin was later transferred to wallets held by the two men and eventually seized by law enforcement.
The judge said the assets had been transferred through multiple transactions, but the victims had not lent the Bitcoin to the defendants; they had lost it through fraud and therefore had a legitimate claim to the seized assets. The court ordered the 497.82 Bitcoin to be distributed in proportion to each victim’s original contribution, with individual shares ranging from 0.68% to 11.7% of the total.

The contract account has accumulated about $22.94 million in profit, including unrealized gains and losses. According to Odaily, the address increased its ZEC long position between 16:36 and 18:23 on October 22, adding about $9.08 million in holdings at an average execution price of $1,252.95. The address is 0xbf732ea04197942783e34730ed6e0f6099575d58.

According to Kabutan, The Korea Herald and HKET, Tokyo's Nikkei 225 opened Thursday at 64,539.36, down 81.88 points, while the broader TOPIX opened at 4,047.39, up 3.66 points. Uncertainty over the Middle East and concerns about excessive investment in artificial intelligence weighed at the open, while gains in major U.S. indexes in the previous session provided support, and the Nikkei briefly turned higher after the open. Resonac and Furukawa Electric declined, while Taiyo Yuden and NEC advanced. Overseas investors were net sellers of Japanese stocks for the first time in three weeks in the week of Oct. 11-17, selling 66.5 billion yen.
Seoul's KOSPI opened at 5,670.11, down 65.55 points, or 1.14%, before paring losses to 5,710.98 as of 9:15 a.m. Seoul time, down 24.68 points, or 0.46%. Samsung Electronics edged up 0.34%, SK hynix fell 0.31%, LG Energy Solution declined 3.65% and Samsung Electro-Mechanics gained 4.79%. The Bank of Korea (BOK) kept its benchmark interest rate unchanged at 3% after two consecutive rate hikes. The won traded at 1,326.5 per U.S. dollar.
Hong Kong's Hang Seng Index opened 138 points lower at 23,513, and the Hang Seng TECH Index fell 1.1% to 3,949. Lenovo fell 4%, Tencent dropped more than 1%, Alibaba lost 2% and CATL declined more than 3%. The Hang Seng's loss widened to 300 points after the open, with Alibaba down 3%.
Taiwan's TAIEX opened 54.98 points higher at 46,942.75 and later rose by nearly 450 points at one point. TSMC gained NT$15 to NT$2,435, while Elite Material rose by its daily limit.
In mainland China, the four major A-share indexes opened mixed: the Shanghai Composite rose 0.04%, the Shenzhen Component fell 0.12%, the ChiNext Index slipped 0.25% and the STAR Composite Index edged up 0.24%.

Global markets slumped as analysts cited escalating Middle East tensions and renewed doubts about the sustainability of the AI trade as key pressures. According to Sina Finance, citing CCTV International News, Iran’s Islamic Revolutionary Guard Corps Navy said three vessels caught fire after hitting mines while attempting to pass through the Strait of Hormuz illegally from the night of the 21st to the 22nd; four others were struck and caught fire while allegedly transporting oil illegally in the northern Persian Gulf.
The IRGC Navy warned the United States that if it continued encouraging ships to cross mined shipping lanes, Iran’s response could extend to U.S. military bases in the region. Oil prices rose: WTI crude was up 2.91%, nearing $100 a barrel, while Brent gained 3.37%, exceeding $112 a barrel.
Before the U.S. market open, Tesla fell nearly 5%. Intel, Super Micro Computer, Dell Technologies, ARM and Corning dropped more than 4%; Micron Technology, SanDisk and Marvell Technology fell more than 3%; and Nvidia, Oracle and ASML declined more than 2%. Nasdaq futures fell 1.81%, while S&P 500 futures lost 1.03%. The KOSPI closed down 3.52%, the Nikkei 225 fell 2.65%, and the Shanghai Composite declined 1.48%. Major European indexes also fell.
Analysts said Middle East tensions had increased safe-haven demand and disrupted expectations for energy supplies, while questions about AI spending returns weighed on technology valuations and risk appetite. Barclays’ head of Asia-Pacific equity derivatives sales said markets had shifted from trading the AI narrative to setting a high bar for earnings beats. DBS Bank senior rates strategist Eugene Leow said sentiment had become more fragile as investors reassessed AI-related assets; elevated U.S. Treasury yields could encourage safe-haven buying.
JPMorgan strategists said concern about financing for AI infrastructure may be excessive and that reduced investor positions could limit further declines. They said technology-sector cash flow this year exceeded capital spending by about $400 billion. Public technology companies plan to spend about $1.8 trillion on investment and research and development this year, including $80 billion from smaller AI infrastructure firms.

According to the announcement from Binance, a bStocks trading promotion featuring AAPLB and NVDAB will run from 2026-10-22 12:00 (UTC) to 2026-11-15 23:59 (UTC). Eligible new users must register during the promotion and complete identity verification. In Promotion A, eligible users who deposit at least $20 equivalent through fiat, card deposit or P2P can receive an AAPLB token voucher worth $1 to $5. The offer is limited to the first 5,000 qualifying users, with rewards distributed on a first-come, first-served basis. Users who register through affiliate or referral links or channels are excluded.
Promotion B offers a prize pool of up to $50,000 worth of NVDAB to eligible new users who trade at least $50 equivalent across any bStocks pairs during the promotion. The unlocked pool depends on the number of qualifying participants, ranging from $2,000 for fewer than 2,500 participants to $50,000 for more than 30,000. Rewards will be allocated according to cumulative trading-volume rankings: the top three places receive 15%, 10% and 5% of the pool, respectively. Further shares are allocated to ranks 4–20, ranks 21–200 and remaining eligible participants. Token vouchers are scheduled for distribution to eligible users’ Rewards Hub by 2026-12-04.

Visa is in talks to acquire crypto custody infrastructure company Fireblocks in a deal valuing the company at about $2.5 billion. According to Odaily, the report has not been confirmed, and the terms and progress of the negotiations have not been disclosed. If completed, the acquisition would expand Visa’s presence in digital asset custody and blockchain payment infrastructure.

The crypto market recorded $51.59 million in liquidations over the past hour. According to ChainCatcher, citing CoinGlass data, $49.94 million came from long positions and $1.652 million from short positions; Bitcoin liquidations totaled $28.05 million, including $27.87 million in longs and $175,800 in shorts, while Ethereum liquidations reached $10.65 million, with $9.801 million in longs and $852,300 in shorts.

According to Jin10, Anthropic could publicly file IPO documents as early as Friday, as its November listing plan enters a key stage. The IPO is approaching, but valuation expectations have cooled. Revenue continues to grow, while substantial computing investments and slowing growth have led investors to reassess its profitability outlook.

The BNB Chain development team announced that the BNB Smart Chain testnet will undergo the Jenner hard fork upgrade on October 28. According to Foresight News, validators, node operators, block builders, and application developers should begin preparing for the upgrade. Jenner includes the Payment Lane feature, which reserves 5% of block gas by default for eligible payments.

According to Jin10, Asian LNG imports are expected to reach 23.31 million metric tons in October, a three-month high, despite spot prices surging to nearly a four-year high. Data compiled by commodities analytics firm Kpler put October arrivals at 23.31 million metric tons, the highest since July, when imports totaled 23.38 million metric tons. October's total would also be the second-highest monthly figure since the conflict in the Middle East began on February 28, when the United States and Israel launched attacks on Iran.

China’s CSI 300 entered a bear market Thursday after 10 straight weeks of declines, falling about 20% from its June peak. It stood at 4,060.19 at Thursday’s morning break and was down 13.94% from January 1, according to BeInCrypto. Stocks in South Korea, Japan, Taiwan and Hong Kong also fell amid fading stimulus hopes, weak earnings and AI-trade concerns. State-backed Central Huijin reinvested about $43 billion since purchases resumed in July, versus $231 billion raised through ETF sales in the first half. Sovereign funds invested $14.2 billion in mainland China and Hong Kong through September, nearly triple the $4.9 billion invested in all of 2025.

According to Jin10, Apple said it will seek a stay of enforcement and appeal the Australian Federal Court ruling requiring it to open its iOS system.

Restaking protocol Swell said it is investigating reports of suspicious activity involving the swETH and rswETH contracts with security partners and has taken precautionary measures. According to Foresight News, Swell said no ETH had flowed out of the contracts used to deposit or withdraw swETH or rswETH, and users do not need to take any action.
Earlier, on-chain analyst Spreek reported that Swell DAO’s administrator keys for swETH and rswETH may have been compromised, possibly in connection with Railway. The attacker had deployed four malicious upgrade contracts that could potentially steal about 2,500 ETH, Spreek said.

Nasdaq-listed Alpha Modus said it acquired 3,170 Bitcoin through a share exchange, increasing its Bitcoin holdings. According to ChainCatcher, the company exchanged 51.6 million shares and corresponding warrants for the Bitcoin, expanding its asset base while diluting existing shareholders.

Marathon Fusion says it converted mercury into “real, stable gold,” beating CERN’s record by a factor of 10. The San Francisco startup announced the result on X on October 21, according to BeInCrypto, but disclosed no production volume or experimental data. Its 2025 paper modeled output of about 2 tonnes of gold per gigawatt of thermal power annually; the gold could require 7 to 17 years of storage before sale because of radioactive isotopes. Gold was trading 5.56% below its January 1 level and down another 1.2% today.

Tesla (TSLA) fell 5% in US pre-market trading on Thursday, according to MSX.com data, after cutting its 2026 capital-spending forecast to about $20 billion from more than $25 billion. That puts the stock near $367, from Wednesday’s close of $386.47. SpaceX (SPCX) slipped 2.5% after gaining about 7% on Wednesday. The decline comes on the day up to 1.3 billion of its shares become freely tradable under its post-IPO lockup. IBM (IBM) fell 5.6% after reporting third-quarter results.US chip stocks also fell in pre-market trading, with Intel (INTC) down nearly 5% and Super Micro Computer (SMCI) down 4.8%. Super Micro had jumped about 11% before Wednesday’s open after raising its quarterly revenue outlook

U.S. corn futures rose for a second day as dip-buying and signs of improved demand in major markets supported prices, according to Bloomberg.

According to Jin10, the Saudi Aramco CEO said oil prices could have reached higher levels during the crisis, and the East-West Pipeline was one factor that hindered further increases.

Longtime Cardano advocate Chris O has stepped down as a delegated representative, citing Sui’s technology and adoption and saying the Cardano Foundation and others “have not kept up.” According to BeInCrypto, he still holds ADA, but it is no longer his largest position, and he asked delegators to reassign their voting power. His move marks the second well-known Cardano voice to shift toward Sui this year, after analyst Dan Gambardello moved part of his holdings to Sui in June. Cardano founder Charles Hoskinson thanked him for his time.

Bessent said the GENIUS Act provides a clear foundation for innovation and competition in payment stablecoins. According to Odaily, he made the remarks in a post on X, calling the law a watershed for U.S. finance and saying it further strengthens the country’s position as a global crypto hub.
Bessent compared the act with President Abraham Lincoln’s National Currency Act of 1863, which established a national framework for bank-issued currency. He said the GENIUS Act creates a federal framework for payment stablecoins in the digital age.
Bessent also said the Office of the Comptroller of the Currency’s final rule advances implementation of the act and provides a clear, practical basis for private-sector innovation and competition, as well as U.S. leadership in digital assets.

Bubblemaps said its analysis of wallets linked to Kimchi found that trading TRUMP generated about $6 million in profit, well below the previously circulated estimate of $40 million. According to Foresight News, Bubblemaps began its investigation with Kimchi’s giveaway distribution wallet and the original KIMCHI token, identifying a previously unrecognized group of linked wallets, including addresses beginning with ECCKBD. Bubblemaps said it could not rule out the possibility that Kimchi profited through another address.