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According to Blockworks data, Solana's core financial metrics fully rebounded in the third quarter. Application revenue increased by 48% quarter-over-quarter to $299.1 million, reaching a new high since the third quarter of 2025; the quarterly trading volume of tokenized stocks reached a record $7.1 billion, with September alone hitting a historical peak of $4.4 billion.The spot DEX trading volume was $197.2 billion, accounting for 36% of cross-chain spot trading volume, maintaining above 30% for the ninth consecutive quarter. This quarter, the on-chain transaction volume reached a record of 14.2 billion transactions, approximately 1,790 transactions per second.

Tom Lee, Chairman of the Ethereum treasury company BitMine, stated in an interview with CNBC yesterday that if the fundamentals remain stable, cryptocurrencies, chip stocks, and neocloud company will be "a trigger-ready opportunity." They have all "pulled back to support levels."Tom Lee believes that when the fundamentals remain stable and the market becomes fearful, "this is actually a pretty good risk-reward scenario."

According to a report by 404 Media, newly submitted court records reveal the specifics of how Telegram provided user data to U.S. authorities after receiving a court order. The documents include a letter written by Telegram, which provides the phone numbers, user IDs, and IP addresses of specific users. This report was completed in collaboration with the independent media outlet Court Watch. It should be noted that the full article requires registration to view, and the currently visible content does not disclose the identities of the users involved or the specific background of the case.

Analysts from IT Tech pointed out that in the past 30 days, only 4.4% of BTC held for 6-12 months flowed into exchanges, while this proportion was as high as 40.4% in mid-June. These BTC mainly come from holders who bought near or after the peak in 2025.The monthly moving volume remains between 143,700 and 216,500 BTC, but the proportion flowing to exchanges has continued to decline significantly: mid-June: 40.4%, mid-July: 30.9%, mid-August: 9.8%, mid-September: 3.7%, mid-October: 4.4%. Analysts believe that high-position buyers have basically stopped selling, which alleviates the resistance to price increases. However, the market still needs new buying pressure to drive prices up, and currently, new buying pressure has not yet appeared significantly.

According to Catcher Predict monitoring, in the market prediction event on Polymarket "Valorant: Team Vitality vs 100 Thieves (BO5) - VCT Championship Playoffs," the "Map 3 Total Rounds: Over/Under 21.5" sub-market's "Over" option win rate has experienced significant fluctuations, soaring from 31% an hour ago to the current 50% (a fluctuation of 19%). Please note the impact of relevant breaking news.

According to Arkham monitoring, the whale trader 0x9c6 is long on SOL with 20x leverage on Hyperliquid, currently holding a position worth approximately 57.5 million USD, with an opening price of 80.86 USD.Based on the current SOL price of 104.43 USD, this position has an unrealized profit of about 13 million USD. The trader opened the position about a month ago and has not closed it yet. Their Hyperliquid account is currently valued at approximately 24.2 million USD.

The Solana Accelerate China team stated that due to an oversubscription of participants, in order to comply with local event regulations, the Hangzhou event originally scheduled for October 18 and the Shenzhen event originally scheduled for October 20 will both be postponed, with specific dates to be announced later. The information of registered guests will be retained, and the team will notify everyone as soon as the new dates are confirmed.

NVIDIA CEO Jensen Huang stated that regarding the turbulence in the AI market, this too shall pass.

The cross-chain exchange protocol NEAR Intents released a post-mortem report attributing a $3.8 million vulnerability to a flaw in the deposit notification feature. The protocol deploys a public settlement contract on NEAR that maintains an internal ledger of deposited tokens, while withdrawals transfer tokens out via a cross-chain bridge. The report was published by NEAR Intents General Manager Alex Shevchenko on October 16, stating that the attacker withdrew $3.8 million before the protocol was shut down on October 1 and returned all funds within 36 hours of detection, with all affected users fully compensated.The report indicates that the feature notifies third-party contracts when tokens are deposited. The attacker created a contract that intentionally caused the notification to fail, allowing the token contract to refund the deposit while NEAR Intents retained the corresponding ledger credit. Through 23 failed deposit transactions, the attacker accumulated $3.8 million in unsupported balance, referred to in the report as ghost funds, and subsequently withdrew real tokens based on this and transferred them to other chains via the Omni infrastructure. Shevchenko stated that this was a vulnerability in the NEAR Intents contract, not in the Omni infrastructure.Withdrawals occurred between September 29 and October 1. The settlement contract was paused and reopened on October 1, with affected routes gradually restored, and contract-side deposits resumed on October 2. The report noted that the vulnerability went undetected because monitoring only compared the original chain assets with the total balance of NEAR side tokens, without comparing the total internal user balances with the actual tokens held by the contract; the team has since added this check and will automatically pause the contract when there is a balance inconsistency. The fix for the October vulnerability was deployed on October 2, but another serious vulnerability report regarding the same feature prompted its complete removal on October 7, with the relevant researcher receiving a $300,000 reward.

Web3 game developer Unagi announced on the X platform that the company has entered a court-ordered judicial liquidation process in France, and all assets will be publicly sold under the supervision of a court-appointed liquidator.Unagi's products include Persona Journey, Ultimate Champions, and Records. The assets for sale include: the intellectual property of Persona Journey, NFT contracts and creator royalty rights, 957 Persona NFTs in the treasury, community accounts, and related AI products; the token UNA and its contracts; the fantasy football and basketball game Ultimate Champions and its NFT card economy; a white-label fantasy sports platform; the completed but unreleased prediction game Fantasy Brainz; and the AI user-generated content platform Records launched in March this year.Each asset can be acquired separately, with the bid deadline set for November 2.

According to The Defiant, Coinbase is expanding its partnership with payment infrastructure company Marqeta to launch a stablecoin card product aimed at businesses, allowing companies to fund their card programs around the clock.According to the plan, Coinbase will be responsible for holding the relevant fund balances, while the Base network will provide on-chain settlement infrastructure.

The decentralized perpetual contract trading platform Lighter announced that its EVM development network (devnet) has officially launched. This development network is an EVM-equivalent rollup built in collaboration with Axiom and powered by OpenVM. It operates in sync with Lighter Core, both designed to settle jointly to Ethereum through a single ZK proof.Developers can deploy using Foundry, Hardhat, Viem, and Ethers, and can read accounts, balances, positions, orders, and market data from Lighter Core; they can also place, modify, and cancel orders through smart contracts, and transfer assets between the development network L1, Lighter Core, and Lighter EVM.Lighter stated that the team can be contacted via email at evm@lighter.xyz to request access. Currently, it is onboarding developers in batches to ensure a quick response to issues and will expand access to all developers in the coming weeks.

On October 16, Circle announced that in the first half of 2026, the on-chain settlement amount of USDC exceeded $36 trillion, and Circle minted and redeemed over $315 billion of USDC during the same period, averaging about $1.7 billion per day. The company stated that as of June, USDC accounted for approximately 77% of the global stablecoin trading volume, an increase from 60% a year ago.More attention from the market is focused on the income distribution of USDC. Circle disclosed that the company generated approximately $1.4 billion in revenue in the first half of the year, of which about $819 million was allocated to USDC distribution partners and transaction costs, accounting for about 59% of the revenue; another approximately $473 million was invested in licensing, banking partnerships, settlement liquidity, compliance systems, product development, and multi-chain deployment, accounting for about 34%. According to the announcement, for every $1 of revenue Circle earns, it ultimately retains only about 7 cents in net profit.This announcement may be in response to market concerns regarding "the monopolization of reserve income by stablecoin issuers." Circle stated that partners can share corresponding reserve income by holding and expanding their USDC balances on their platforms; currently, more than 150 trading platforms, wallets, banks, fintech companies, payment platforms, and enterprises have formed economic interests tied to the growth of USDC. Circle also mentioned that Binance signed a five-year commercial agreement with it in September and invested $100 million in Circle.On the product side, Circle announced the expansion of its free redemption mechanism: all Circle customers can still redeem USDC for free through traditional banking channels, with the funds typically arriving within two business days; customers who make payments through the Circle Payments Network or use eligible products such as Arc, Circle Mint, and Circle Wallets will be able to enjoy free, near-real-time redemption capabilities.

Bank of America warns that the AI investment boom is showing signs of classic capital cycle risks, manifested in a surge in spending, intensified competition, and falling prices.The capital expenditure expectations of hyperscale cloud vendors have jumped from $330 billion to $1 trillion, roughly equivalent to 3% of the U.S. GDP. Meanwhile, since the summer, the prices of AI tokens have dropped by about 50%, and the increase in usage may not translate into sufficient revenue. The key risk is that AI technology may succeed, but investors could be harmed by over-investment and declining returns.

According to CoinDesk, stablecoin issuer Circle plans to expand into about 50 emerging and developing markets to meet the growing demand for digital dollar payments in Southeast Asia, Latin America, and the Middle East. The circulation of USDC is approximately $73.3 billion, accounting for about a quarter of the stablecoin market; USDT's market share is close to 60%, higher than USDC.Circle acquired Tazapay for $400 million, launched the new Arc blockchain, and received approval for a federal trust bank license, which is expected to support its market expansion; a clearer regulatory environment is driving the adoption of stablecoins.

According to Xinhua News Agency, General Secretary of the Communist Party of China and President Xi Jinping emphasized during his inspection in Ulanqab, Inner Mongolia on the 16th that it is necessary to coordinate high-quality development and high-level protection, and to unswervingly follow the path of ecological priority and green development. Xi Jinping learned about the "East Data West Calculation" hub node and the green computing power industry in the Chahar High-tech Zone, and required that completed projects operate efficiently and subsequent construction be completed on schedule.He stated that the computing power network is one of the "six networks" planned and constructed by the country, and the computing power industry is in a stage of accelerated development, emphasizing the importance of "computing power and electricity coordination" and "computing power and water coordination." Xi Jinping also inspected the Huangqi Sea Nature Reserve and required the comprehensive implementation of the Wetland Protection Law.

Lily Liu, the chair of the Solana Foundation, stated in a post on October 16 that they showcased Solana on a large screen because of their deep affection for the Chinese community and gratitude for the warm welcome from the Chinese community. The display refers to the light show on the entire exterior wall of the Citibank building in Lujiazui, Shanghai on the evening of October 14.She mentioned that due to the publicity, the number of registrations for the Solana Shanghai event quadrupled overnight, far exceeding the limit reported to local government departments, and it could not prevent people from flooding the venue. To comply with local requirements, the event will be postponed and will be held when it can better accommodate the size of the community. She apologized to those who came from near and far wanting to participate in the Shanghai Solana event.