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Sui co-founder and Chief Product Officer Adeniyi Abiodun wrote in a review: Several years ago, when the team began to build an L1, the venture capital firms and institutions they contacted suggested that they fork EVM to avoid the difficulties of self-development and to quickly launch another version of a similar product before continuing to advance.Abiodun stated that the team rejected this suggestion because they had a clear judgment on the direction of industry development and believed that replicating a flawed design was not advisable. Therefore, Sui was built from scratch, taking on the corresponding risks and time costs. He mentioned that the current trend aligns with the team's initial judgment, and among the batch of application scenarios people hope to build today, Sui is the only viable option, making the next few years very interesting.

X-Agent released the latest technical article "From Agent Payments to an Onchain Personal Assistant," revealing the important product direction for the next phase: moving from Agent Payments to an Onchain Personal Assistant that can understand user intent, obtain authorization, execute on-chain operations, and continuously track results.Unlike simply allowing the AI Agent to "have a wallet," X-Agent aims to solve a more critical issue: how to enable the Agent to safely complete an on-chain task on behalf of the user. For example, when a renewal bill arrives, the AI assistant can understand the bill, verify the payee and amount, generate a payment plan, and complete the transaction after user authorization; even if there are timeouts or interruptions during the process, it should resume the original task and check the payment status, rather than blindly repeating the payment. After the payment is completed, the Agent also needs to continue confirming whether the service purchased by the user has truly been delivered.To achieve this goal, X-Agent plans to further connect the three major modules: Agent ID, Agentic Email, and Agentic Wallet, which will respectively handle identity and responsibility attribution, task and communication entry, and controlled on-chain fund execution. Through mechanisms such as payment pre-calculation, one-time authorization, budget control, recovery, and reconciliation, clear security boundaries will be established for the Agent's autonomous execution. Its core logic can be summarized as: user intent → clear authorization → on-chain execution → result verification.X-Agent believes that a true on-chain AI assistant is not just "initiating a transaction on behalf of the user," but is capable of continuously completing tasks and being accountable for the final results under controlled permissions. This also means that X-Agent is exploring a persistent on-chain AI assistant aimed at individual users, moving beyond the infrastructure of Agent payments.

U.S. President Trump stated that GlobalFoundries will invest $21 billion in Malta, New York, to build two large semiconductor manufacturing facilities, with funding provided by Japan based on a previously reached trade agreement.

Confido Health has completed a total of $22.5 million in Series A financing, including a $12.5 million extension round led by z47_vc. The funds will be used to build an AI entity that connects patients, healthcare providers, insurance companies, and pharmacies, automating processes such as appointments, insurance, referrals, and prescriptions.The data cited indicates that the annual healthcare labor expenditure in the United States exceeds $800 billion, and healthcare IT expenditure exceeds $200 billion. By 2030, the shortage of healthcare personnel could reach 3 million.

GlobalFoundries plans to build two chip factories with up to $21 billion in funding support from the Japanese government. The U.S. government will acquire about 4% of the company's shares.The new factories will produce foundational chips, widely used in fields such as automotive, industrial equipment, and communication devices. This move aims to increase the production of foundational chips in the U.S. and reduce dependence on East Asian suppliers.

According to Xinhua News Agency, on October 10, the Central Committee of the Communist Party of China and the State Council recently issued opinions on developing new quality productivity. The opinions propose promoting the deep integration of the real economy and the digital economy, building a national integrated computing power network and a national blockchain network, improving the system for determining data property rights, market transactions, rights distribution, and interest protection, implementing pilot demonstrations for data elements, and optimizing the layout and operation of national data infrastructure.The opinions also propose improving an open, shared, and secure data element market, exploring mechanisms for efficient cross-border data flow, enhancing the policy system for digital industrialization and industrial digitalization, creating internationally competitive digital industry clusters, and establishing mechanisms for future industry investment growth and risk sharing, thereby strengthening long-term capital investment in cutting-edge hard technology.

Crypto trader Killa posted on platform X that Bitcoin has once again failed to break through $87,000. The 10x long position established based on the expectation of a breakout from the secondary testing high has been stopped out at breakeven.Due to the failure to break out and the price returning to the entry point, he is currently focusing on the $80,000 to $82,000 range, considering re-establishing a 10x long position. Killa stated that he still holds BTC long positions at $62,600 and $76,400, and there is currently no reason to rush into establishing new long positions. However, he remains bullish and expects the price to rise further. The current market situation is characterized by low cycle fluctuations, while he mainly engages in high cycle trading and emphasizes the importance of risk management.

New York startup Vest Labs announced the completion of a $13 million seed round financing, which closed in July this year, led by Portal Ventures, with participation from individual investors including Citadel Securities, BlackRock, and KKR executives.Vest was co-founded by University of Pennsylvania dropout Justin Ma, Rikuya Takatsu, and Maximilian Tsiang. The platform allows qualified traders to use company funds to trade perpetual futures contracts around the clock, with traders able to receive up to 80% of the profit share, differentiating itself from traditional proprietary trading firms that charge users for simulated account fees. The company plans to use the funding to develop a mobile application, expand its 22-person team, and broaden the range of tradable asset classes.

Lamine Brahimi, co-founder and managing partner of the cryptocurrency custody and tokenization company Taurus, stated in an interview with CoinDesk that banks need to meet three conditions to access the newly launched blockchain ledger by Swift: a proprietary permissioned chain that interacts with the Swift ledger, wallet capabilities, and tokenization and smart contract capabilities to integrate Swift's smart contracts.He pointed out that this means the Swift ledger is not a replacement for banks' internal systems, but rather acts as an orchestration layer, helping institutions achieve cross-border, round-the-clock transfers of tokenized deposits, with final settlement still completed through existing arrangements. Banks still need to hold and manage tokenized deposits, digital asset wallets, and related smart contracts themselves. In July, Swift announced that 17 banks were preparing for real-time transactions of tokenized deposits; in August, HSBC and Standard Chartered completed the first real-time interbank transaction, followed by DBS and Citibank completing weekend cross-border USD payments, reducing settlement time from a maximum of two business days to just a few minutes.Brahimi stated that additional infrastructure should not be seen as a flaw in Swift's design; the ledger is still an early product but provides banks with a choice between existing payment channels and tokenized deposits that can circulate around the clock. Taurus announced in August that it had completed Swift integration, providing the aforementioned three layers of capability through a single platform. He added that tokenized deposits were used very little before Swift's announcement, primarily adopted by larger global banks like JPMorgan. The Swift model retains deposits on the banks' balance sheets, distinguishing it from stablecoins issued outside the banking system.

According to Lookonchain monitoring, a high win-rate trader of SOL, 0x13da, has once again gone long on SOL. This trader previously had a win rate of 78% in SOL trades, with a total profit of approximately 4.74 million dollars.Currently, this trader is going long on 164,642 SOL with 5x leverage, with a position value of about 19.78 million dollars and a liquidation price of 99.68 dollars.

ChainCatcher live report, at the OKX NOW Global Products and Ecosystem Conference (Singapore), OKX founder Star delivered a keynote speech, elaborating on OKX's strategic positioning.He stated that OKX started with spot trading and has since expanded into derivatives, Web3 wallets, payments, and tokenized stocks, "it is no longer accurate to view OKX merely as a cryptocurrency exchange."He proposed that OKX's long-term direction is to provide four types of services for the younger generation: supporting users in choosing between custodial accounts or self-custody wallets for fund holding; low-cost, instant payments; a unified entry for investing in various assets; and AI-driven wealth management tools.

SpaceX (SPCX.O) plans to build a natural gas pipeline in Florida, USA.

Liquid Capital founder Yi Lihua published an article discussing the current state of the cryptocurrency primary market. He stated that the main reasons for the decline of the cryptocurrency primary market are: "First, the narrative has collapsed; from white papers to institutional endorsements to TVL manipulation, the basic market is no longer buying in. Second, there is a supply imbalance; now there are tens of thousands of projects, and it is extremely difficult for excellent projects to emerge. Third, the 1 plus 3 unlocking mechanism essentially targets VCs, allowing projects, market makers, and exchanges to run first. Fourth, the cost of listing coins; now primary projects require high valuations and large financing mainly because of several leading centralized exchanges going live, with an average cost needing tens of millions of dollars."Yi Lihua believes that industry leaders need to truly focus on building, such as improving the coin listing selection method on Binance. Under the current model, even if Vitalik Buterin's ETH were to come today, it would not be able to list on Binance. Additionally, the 1 plus 3 unlocking mechanism should be completely abolished; VCs bear the greatest risk and should not be burdened with the worst unlocking terms, as the success or failure of a project is fundamentally not determined by VCs.Finally, cryptocurrency projects need to return to real revenue and buybacks. The sustained prosperity of the U.S. stock market over the years is primarily due to performance growth and the encouragement of shareholder returns. This is what industry leaders should be doing, allowing secondary market investors to truly find quality projects.

The cryptocurrency exchange platform Coinbase has obtained a Financial Services License (FSP) issued by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This license allows it to arrange investment transactions and provide custody for tokenized securities. Coinbase describes this license as the regulatory foundation for its international tokenization hub and the first of its two major non-U.S. institutional businesses established in the UAE, the other being its derivatives business in Dubai.According to the scope of the license, the FSP covers the arrangement and custody of tokenized stocks fully backed by underlying shares. Holders of digital securities can gain economic exposure such as dividends, while voting rights and redemption rights are subject to the conditions outlined in each prospectus. Coinbase states that investors only need a crypto wallet to trade, and secondary transfers do not require a brokerage account or banking relationship, but redeeming profits for fiat currency still requires a bank or brokerage account.Brett Tejpaul, Co-President of Coinbase Institutional: Currently, there is no major financial center that has established a framework that simultaneously regards tokenized stocks as securities, blockchain-native tokens, and composable DeFi assets. Arvind Ramamurthy, Chief Market Development Officer of ADGM, stated that the Coinbase hub reflects the center's progressive, robust, and internationally aligned regulatory framework. The FSRA issued its first virtual asset rules in 2018, which include protective measures such as sanctions screening and the ability to freeze or seize assets at the wallet level. ADGM applies English common law, and the FSRA's authority differs from that of the UAE Securities and Commodities Authority; registered entities do not automatically obtain a passport in other Gulf Cooperation Council jurisdictions.

Bybit CEO Ben Zhou stated in an interview with Turkish media Fintechtime that, reflecting on the 2025 Bybit attack incident, one of the issues was the use of third-party service providers and the excessive concentration of assets within that third-party related system.Zhou mentioned that since then, Bybit has comprehensively adjusted its security policies, shifting to a zero-trust model, while decentralizing wallets across different architectures and strengthening the isolation of local and global operations to reduce the risk of a single attack impacting a large amount of assets. He also stated that Bybit hopes to develop its Turkish operations into a super application covering crypto trading, payments, global transfers, and more investment products in the future.

Market news reports that TSMC is considering building a multi-billion dollar campus in Texas, USA, to produce more artificial intelligence chips.

Coinbase CEO Brian Armstrong posted on the X platform that Coinbase is building financial accounts for superintelligence, covering services such as trading, payments, and lending.These accounts can help users accumulate wealth and manage personal finances, and can also provide independent accounts for AI Agent teams, allowing them to handle more tasks on behalf of users.