Morning News | Bescent: The U.S. no longer considers imposing a 100% tariff on China; Prediction platform Myriad suspected to launch on BSC network
Overview of Important Market Events on October 26Organizer: Zhou, ChainCatcher
Important News:
- Besenet: The US no longer considers imposing a 100% tariff on China
- Coinbase CEO: Hopes to bring the entire startup lifecycle on-chain
- Fortune reveals White House banquet hall donors, including Ripple, Gemini, etc.
- Rich Dad Poor Dad author: Those who buy ETH for $4,000 will be like the wealthy who invested in BTC when it was $4,000
- Prediction platform Myriad is suspected to launch on the BSC network, Zhao Changpeng responds in support
What important events happened in the past 24 hours?
Besenet: The US no longer considers imposing a 100% tariff on China
According to ChainCatcher and Global Times, on October 26, the US-China economic and trade teams concluded a two-day consultation in Kuala Lumpur, Malaysia. Media reports indicate that this is the fifth face-to-face consultation between the US and China since May of this year. After the talks, Besenet stated in an interview with US media that after the two-day discussions in Kuala Lumpur, both sides reached a "very substantive framework agreement," and the US "no longer considers" imposing a 100% tariff on China.
Marinade Labs CEO: Plans to lower validator entry barriers after Solana's Alpenglow upgrade
According to ChainCatcher and CoinDesk, Marinade Labs CEO Michael Repetny stated that the Solana ecosystem is preparing for an upgrade by the end of this year or early 2026, with plans to lower validator entry barriers after the Alpenglow upgrade while increasing bandwidth and reducing latency.
According to ChainCatcher, BitMine Chairman Tom Lee posted on social media, stating, "ETH is still in a super cycle. Most of the time, price leads fundamentals, but sometimes fundamentals lead price. Currently, stablecoin demand is surging and ETH trading volume has hit an all-time high."
According to ChainCatcher and Jinshi, from October 25 to 26 local time, the US and China held economic and trade consultations in Kuala Lumpur. After the consultations, China's international trade negotiation representative and Vice Minister Li Chenggang told reporters that both sides have reached a preliminary consensus on properly addressing several important economic and trade issues of mutual concern, and the next step will be to carry out their respective domestic approval procedures.
"In the past month or so, there have been some fluctuations and shocks in US-China economic and trade relations, which have attracted global attention," Li Chenggang said. Since the US-China Geneva economic and trade talks in May, China has strictly adhered to the consensus reached in multiple phone calls between the leaders of the two countries, faithfully and seriously implementing the consensus arrangements reached in the economic and trade consultations, and carefully nurturing the hard-won and relatively stable US-China economic and trade cooperation relationship. "These fluctuations and shocks are not what China wants to see."
"The US side expresses a tough stance, while China is firm in safeguarding its interests," Li Chenggang said. During this consultation, the US and China economic and trade teams maintained mutual respect and equal dialogue. In the future, both sides will further strengthen communication and exchanges, making positive efforts for a more stable and healthier development of US-China economic and trade relations.
Michael Saylor releases Bitcoin Tracker information again, may disclose increased holdings next week
According to ChainCatcher, Strategy (formerly MicroStrategy) founder and executive chairman Michael Saylor released Bitcoin Tracker information again on the X platform, writing, "It's Orange Day." Based on previous situations, he usually discloses Strategy's Bitcoin holding data the day after releasing Bitcoin Tracker information.
Coinbase CEO: Hopes to bring the entire startup lifecycle on-chain
According to ChainCatcher, Coinbase CEO Brian Armstrong stated in an interview with the TBPN podcast that he hopes to move every stage of startup development onto the blockchain, from founding to financing to going public, allowing founders to establish their own startups, conduct seed round financing, and receive USDC funding support, ultimately leading to a tokenized equity listing.
Fortune reveals White House banquet hall donors, including Ripple, Gemini, etc.
According to ChainCatcher, Fortune magazine disclosed that a total of 37 donors provided funding for the construction of the White House banquet hall, including Silicon Valley tech giants and cryptocurrency companies, among which:
Corporate donors include Meta, Apple, Amazon, Google, Lockheed Martin, Microsoft, Comcast, Altria, Hard Rock International, Micron Technology, Caterpillar, Booz Allen Hamilton, HP, Booz Allen Hamilton, NextEra Energy, Reynolds American, T-Mobile, Palantir Technologies, and cryptocurrency companies include Tether America and Ripple;
Private and family donors include: Adelson Family Foundation, Stefan E. Brodie, Betty Wold Johnson Foundation, Charles and Marissa Cascarilla, Edward and Shari Glazer, Harold Hamm, Benjamín Leon Jr., US Secretary of Commerce Howard Lutnick leading the Lutnick family, Gemini co-founders Cameron Winklevoss and Tyler Winklevoss, etc.
Lin Junjie posts a photo with Vitalik: Glad to have an in-depth exchange with him
According to ChainCatcher, singer Lin Junjie posted a photo with Ethereum co-founder Vitalik Buterin on social media, captioning, "Glad to have an in-depth exchange with @vitalik.eth.official! We discussed how technology can inspire more people to live sustainably and mindfully."
According to ChainCatcher, Rich Dad Poor Dad author Robert Kiyosaki again compared "old thinkers" and "new thinkers" on the X platform, emphasizing that the path to financial freedom now lies in assets like Bitcoin and Ethereum, rather than traditional savings and retirement plans. "Those who buy Ethereum for $4,000 today will be like the wealthy who invested in Bitcoin when it was $4,000."
Robert Kiyosaki urged followers to break free from outdated financial thinking. The gap between the rich and the poor has expanded into a "Colorado Grand Canyon," with billions struggling to make ends meet, keep up with inflation, and maintain jobs. "Old thinkers" try to solve financial challenges by going back to school, working longer hours, saving so-called "fake money," and investing in retirement plans. In contrast, "new thinkers" start businesses and "save real gold, silver, Bitcoin, and Ethereum."
Analysis: Polymarket and Kalshi dominate the prediction market
According to ChainCatcher, Dune data shows that the prediction market landscape has formed a duopoly between Polymarket and Kalshi, while other platforms are struggling to break through.
In the past week, Polymarket's nominal trading volume reached $1.062 billion, leading the market, followed by Kalshi with $950 million, and Limitless and Myriad recorded $21.93 million and $3.85 million, respectively.
In terms of transaction volume, Kalshi ranked first with 3.575 million transactions, Polymarket reached 2.586 million transactions, while Limitless and Myriad recorded 378,000 and 66,000 transactions, respectively.
Vitalik: If the validator set misbehaves, users may have no recourse
According to ChainCatcher, Ethereum co-founder Vitalik Buterin posted on the X platform, reminding that a key feature of blockchain is that even if a 51% attack occurs, it cannot turn invalid blocks into valid blocks, meaning that even if 51% of validators collude (or encounter software vulnerabilities), they cannot steal user assets.
However, if users trust the validator set to do other things that the blockchain may not control, at that point, 51% of validators can collude and provide incorrect answers, leaving users with no recourse.
Yuga Labs announces collaboration with Huang Licheng's Six Studios to launch an animated series
According to ChainCatcher, the NFT series Bored Ape Yacht Club posted on social media that its parent company Yuga Labs has established a joint venture Bored Ape Studios with "Brotherhood" Huang Licheng's Six Studios, with the first project being the "Bored Ape Yacht Club" animated series.
According to ChainCatcher, the Abstract ecological prediction platform Myriad released a vague video teaser featuring a yellow icon resembling the BSC logo. Zhao Changpeng responded to the tweet with "Good color."
Previously, He Yi had expressed welcome to builders to come to BSC to create prediction market projects, and YZi Labs is willing to invest.
What are some noteworthy articles to read in the past 24 hours?
Behind Coinbase's acquisition of Echo: Cobie's journey from $200 to fame and fortune over 13 years
On October 21, 2025, Coinbase announced its acquisition of the on-chain investment platform Echo for $375 million.
Just a day earlier, Coinbase had spent $25 million to buy an NFT just to revive a podcast show. In two days, two transactions totaling $400 million all pointed to the same person:
Jordan "Cobie" Fish.
Who is Cobie?
If you follow the English-speaking crypto community, there are many labels behind this name. 800,000 Twitter followers, founder of Echo, host of the UpOnly crypto podcast, co-founder of Lido Finance… he is also the "whistleblower" who exposed insider trading at Coinbase with a single tweet.
The content of this article does not represent the views of ChainCatcher and does not constitute any investment advice.
Perp DEX (decentralized perpetual contract exchanges) has become one of the most explosive and competitive tracks among current on-chain applications. OKX Ventures hopes to systematically sort out the complete evolution of Perp DEX from its emergence, explosion to differentiation through this research, and deeply analyze its representative projects at different stages, presenting how this core track continuously reshapes itself amidst bull and bear cycles and technological iterations.
Based on an in-depth review, we will focus on dissecting the two early dominators dYdX and GMX, exploring why they fell from glory, and further discussing how new forces like Hyperliquid and Aster break through in fierce competition: Is it due to innovative architectural design? A reconstruction of trading philosophy? Or the evolution of community economic models?
Through a systematic comparison of successes and failures, this research aims to reveal the most critical, challenging, yet enlightening "trade-off moments" in the construction of Perp DEX, providing reusable experiences and deep insights for the new generation of entrepreneurs in product, technology, and market strategies.
Over the past decade, the vast majority of global crypto market transactions are still controlled by centralized exchanges: user funds are custodied; matching and clearing logic is opaque; the strong liquidation mechanism during volatility is incomprehensible; black swans are always lurking for the next appearance (Mt. Gox, FTX, Bitzlato…). The golden age of CEX has shaped market scale, but also the greatest risk of single-point trust.
More and more professional traders and capital are realizing that transparency is not optional; it is a fundamental right in finance, and the only way to achieve this is to truly move derivative trading on-chain. Thus, we see a batch of excellent on-chain perp DEX - dydx, Hyperliquid, Aster, GMX.
Generally, these on-chain perp DEX can be divided into two mainstream solutions: Orderbook Perp DEX and AMM Perp DEX. Currently, orderbook perp DEX occupies the mainstream market solution. In our view, both solutions have their pros and cons.
Risk warning
