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SpaceX stated that any potential merger with Tesla must be further approved by the company's special committee, board of directors, and controlling shareholders.

Meta Platforms (META.O) future spending commitments soar to $825 billion.

According to IPO documents obtained by The Wall Street Journal, the artificial intelligence company Anthropic generated $16.3 billion in revenue in the first half of the year, compared to $1.1 billion in the same period last year; the net loss for the first half of the year was $80.7 billion, compared to $13 billion in the same period last year. Approximately $72 billion of the loss came from accounting expenses related to changes in the fair value of financing instruments such as convertible notes.The documents show that spending on computing power and infrastructure in the first half of the year was nearly $9 billion, with total related spending for 2025 projected at $7.3 billion. Over the next 7 to 10 years, cloud computing agreement spending is expected to be around $450 billion, with an additional commitment to pay over $160 billion for leasing Google chips. Future infrastructure spending commitments have exceeded $600 billion, and if agreements still under negotiation are included, this could increase by up to $150 billion.In the first half of the year, about 20% of revenue came from two customers, and the company expects future revenue to still rely significantly on a small number of clients. The documents also state that artificial intelligence models may pose real-world dangers, and the losses from catastrophic incidents may even be uninsurable, while the construction of data centers faces increasingly organized political resistance.

On October 18, the artificial intelligence company Anthropic announced that it would allocate a portion of its company shares to the newly established Anthropic Public Benefit Fund, with the shareholding ratio of this entity increasing as the company grows. Subject to shareholder approval, the company committed to contributing 5% of Anthropic shares on that day; thereafter, for every 50% increase in company value above a set benchmark, the board may discretionarily increase the contribution by an additional 2%.The fund will be established as a wholly-owned LLC rather than a 501(c)(3) or other forms, allowing for adjustments between different donation methods. The Anthropic equity held by the fund will not be used for lobbying or political donations in the U.S. or abroad. Anthropic stated that the fund aims to advance its mission with greater flexibility and scale, such as making large donations to traditional non-profit organizations or directly allocating resources to specific populations. The company had previously committed $200 million to research and address the impact of AI on the labor market.As a public benefit corporation, most of the mission-related work is still conducted internally, including AI safety and explainability research, applied biomedical research, and providing discounts on Claude to non-profit organizations and research institutions. At the company's founding, the co-founders committed to donating 80% of their equity holdings; the company also operates an equity donation matching program, with about half of the employees participating. With this announcement, approximately 20% of Anthropic shares will be used for public benefit, and this percentage may increase after reaching specific valuation milestones. The structure, governance, and corresponding milestones of the fund will be announced in the coming months.

Patrick Witt, the Executive Director of the White House Presidential Digital Asset Advisory Committee, announced his departure from government service to return to the private sector. He made this decision public last week, and the White House has not yet announced a new head of cryptocurrency policy, with a successor still undetermined.Previously, Harry Jung and Bo Hines had also left the committee. White House officials stated that cryptocurrency policy and the Digital Asset Market Clear Act will remain a focus of the Trump administration, but the personnel vacancies have raised concerns about the momentum of policy advancement.As the midterm elections approach next month, the administration is still advancing rule-making in the digital asset space. After the new Congress is sworn in in 2027, cryptocurrency legislation will require coordination from a White House liaison, with tax legislation expected to proceed ahead of market structure reforms; if the Democrats flip the House of Representatives, the congressional landscape may also bring new variables. Meanwhile, the rule-making efforts of agencies such as the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, and the Department of the Treasury will continue.

According to Decrypt, the French National Assembly's Finance Committee passed two cryptocurrency tax amendments this week: starting from January 1, 2027, exchanges of stablecoins regulated by MiCA will be considered taxable sales; and a departure tax will be imposed on tax households relocating overseas with a total value of cryptocurrency assets exceeding 800,000 euros.The committee rejected the budget revenue portion with a vote of 31 to 3, and the full National Assembly will review the original text from the government. The aforementioned amendments will not be automatically included; supporters must reintroduce them during the debate starting on October 13, with a formal vote scheduled for October 20.The related measures have not yet become law. The stablecoin amendment was proposed by left-wing GDR party member Nicolas Sansu and 16 co-signers, applicable to electronic money tokens as defined by MiCA. The amendment does not set a new tax rate but aims to include the related revenue under France's existing unified tax system of 31.4%.The committee also passed an amendment proposed by Daniel Labaronne, allowing investors to carry forward cryptocurrency asset losses for 10 years to offset future gains. The proposed departure tax applies to taxpayers who have been French tax residents for at least 6 of the past 10 years and whose cryptocurrency assets, including custodial assets, have a total value exceeding 800,000 euros.

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.

According to an announcement released on the White House website on Friday, U.S. President Trump announced the establishment of a special committee to investigate allegations against Federal Reserve Board member Lisa Cook. According to the announcement dated October 7, Trump stated, "To assist me in fulfilling this duty, the committee will investigate the allegations against Board member Cook and report to me whether there is 'just cause' for her removal." This investigation will focus on assessing whether Cook meets the criteria for removal under the law, and it does not currently imply that she has been removed.

The Central Committee of the Communist Party of China and the State Council issued the "Opinions on Developing New Quality Productive Forces," proposing to promote the deep integration of the real economy and the digital economy. The opinions emphasize improving the systems for determining data property rights, market transactions, rights distribution, and interest protection, implementing pilot demonstration projects related to data elements, optimizing the layout of national data infrastructure, promoting the digital transformation of manufacturing, and building a national integrated computing network and national blockchain network.

The Central Committee of the Communist Party of China and the State Council issued the "Opinions on Developing New Quality Productive Forces," supporting high-quality technology enterprises to go public for financing, optimizing systems for mergers and acquisitions, equity incentives, and more for technology enterprises. The opinions also mentioned increasing the supply of financial innovation products, encouraging the development of angel investment, venture capital, and private equity investment, and improving long-term capital support policies.

The White House announced a comprehensive research plan with a total scale exceeding 6 billion dollars, covering artificial intelligence, quantum computing, biological research, and talent development. The funding and resources come from the government, enterprises, universities, and charitable organizations. Eleven technology companies have committed to providing AI tools and computing power worth 2.4 billion dollars for the Genesis Project.Specific commitments include 1 billion dollars from NVIDIA, 500 million dollars from AMD, 200 million dollars from OpenAI, and 150 million dollars each from Anthropic and Google. These resources will support over 15 federal agencies in conducting research.The Genesis Project will launch in 2025 and aims to utilize AI, supercomputers, and government research data to accelerate research in fields such as energy, healthcare, and aerospace. Related arrangements also include the previously announced 1.8 billion dollar virtual biology program, as well as the 1 billion dollar investment in research computing power and talent development pledged by the government, enterprises, and universities in Georgia.

The public chain Aptos posted on X that the Aptos Foundation has committed to locking and permanently staking 210 million APT, which accounts for about 37% of the APT it held at the launch of its mainnet.The aforementioned tokens will not be sold or distributed. The foundation's operations will be supported by the staking rewards generated from these tokens, rather than selling the locked tokens themselves. Aptos stated that more updates will be released in the future and has synchronized a complete update on the token economics.

According to Gate market data, the stock price of the American semiconductor company Wolfspeed (WOLF.N) rose by 12.5% after the company received a $1.5 billion conditional loan commitment from the U.S. Department of Defense.

According to Gate market data, the stock price of the American semiconductor company Wolfspeed rose 27% after hours, following the announcement of a $1.5 billion loan commitment.

Chairman of the U.S. House Financial Services Committee French Hill stated that the actions taken by regulators to advance digital asset regulation lack the long-term stability provided by congressional legislation. He hopes that Congress will pass the CLARITY Act during the lame-duck session before the new Congress takes office in 2027.The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) have previously proposed relevant rule-making plans. French Hill indicated that the regulatory actions of the two agencies following the Senate's failure to pass the CLARITY Act last month are still insufficient to replace legislative proposals. SEC Chairman Paul Atkins and CFTC Chairman Michael Selig have announced that they will advance cryptocurrency regulation as directed by U.S. President Donald Trump. As of Wednesday, there are a total of 7 vacancies in the leadership of the two agencies; among them, Hester Peirce announced her resignation as SEC Commissioner last week, and the CFTC is currently only chaired and staffed by Selig.

On October 2, Canadian Prime Minister Mark Carney announced the establishment of the Prime Minister's National Artificial Intelligence Advisory Council in Ottawa, which will provide independent and pragmatic advice on Canada's artificial intelligence transformation. The council will bring together stakeholders from the public and private sectors to provide input on the evolution of the AI for All national strategy, covering areas such as accelerating adoption, nurturing national leading enterprises, building sovereign artificial intelligence infrastructure, enhancing AI safety, protecting democracy, and ensuring that all Canadians benefit.Council members include Ajay Agrawal, Yoshua Bengio, Sanja Fidler, John Graham, Gillian Hadfield, Jordan Jacobs, Eric Lamarre, Valérie Pisano, Senator Thomas Pitfield, Jody Thomas, Louis Vachon, Michelle Zatlyn, and of course, Patrick Pichette as a member. The council is supported by a small team from the Privy Council Office, while policy decisions and implementation remain the responsibility of the relevant ministers and departments.Carney stated that the prosperity and sovereignty of the artificial intelligence era belong to countries that can build, adopt, and govern artificial intelligence according to their own conditions, and the council will provide recommendations on how to manage risks, seize opportunities, and improve the lives of all Canadians.

On October 2, at 11:30 AM Eastern Time, the Arbitrum Security Committee executed an emergency upgrade on Arbitrum One and Nova, suspending the activation of all new Stylus contracts on both chains, while adding a protective mechanism against BoLD single-step proofs in the dispute system of Arbitrum One. The Arbitrum Foundation stated that this action is part of ongoing proactive security measures aimed at protecting the security and integrity of the network.Stylus allows developers to write smart contracts using languages such as Rust and C++, while maintaining compatibility with the Ethereum Virtual Machine, with its programs compiled into WebAssembly format. This suspension primarily targets manually written WASM programs that do not use the standard Stylus compiler toolchain and have not yet been patched by the current version of ArbOS. The Security Committee increased the gas required for activation to the theoretical maximum by calling ArbOwner.setWasmActivationGas(2^64 - 1), making new activations economically unfeasible. Activated Stylus contracts are unaffected and can continue to execute and renew, and the deployment and execution of Solidity contracts are also unrestricted.The newly added BoLD protection allows anyone to pause the settlement from Arbitrum One to Ethereum when two conflicting and accepted answers appear in the same dispute step, which may delay unconfirmed withdrawals to allow the Security Committee to deploy fixes. Officials pointed out that the currently discovered Stylus-related vulnerabilities mainly affect the activity of the chain, such as denial-of-service attacks, and do not jeopardize user funds.

According to The Defiant, the Solana ecosystem liquid staking protocol Marinade stated that its governance committee consecutively rejected two proposals within six hours, thereby preventing an attempt to take over the DAO.Marinade stated that this incident did not result in any funds being transferred, and its staking services were not affected.