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According to CoinDesk, Peter Hughes, founder and CEO of global financial services company Apex Group, stated that if the United States continues to delay cryptocurrency legislation or fails to establish a clear and definitive regulatory framework for digital assets, it may lead to related businesses shifting to Asia, the Middle East, and Bermuda.He believes that these jurisdictions are advancing more quickly and have the opportunity to fill the regulatory void left by the United States.Hughes also mentioned that Europe will not benefit from this, arguing that its Markets in Crypto-Assets Regulation (MiCA) is evolving slowly and has many restrictions. The U.S. CLARITY Act did not receive the 60 votes needed to advance in the Senate in September due to controversies over ethical clauses and stablecoin rewards. The bill aims to clarify federal regulatory rules for digital assets and delineate the regulatory responsibilities of the SEC and CFTC.

Succinct's zero-knowledge proof system SP1 has revealed a high-severity reliability vulnerability. This vulnerability was disclosed through GitHub announcement GHSA-p7v2-jjv3-8p8f, affecting SP1's native Rust verifier versions 6.0 to 6.8.0, allowing the mainnet Prover Network to potentially accept invalid proofs: malicious provers can submit proofs of invalid executions, and the network verifiers will still accept them.The cause of the vulnerability is that the verifier only reads the labels of the data (declaration dimensions) without verifying whether the actual number of stored elements equals the product of the dimensions, allowing attackers to forge labels to pass invalid proofs. The Groth16 and Plonk checks using fixed-shape wrap proofs are unaffected, and the on-chain Solidity checker is also safe. Succinct released the fixed version 6.8.1 on September 24, which has been deployed to the mainnet; this version adds deserialization length checks.The vulnerability was discovered by Vitalis Salis and reported through the Immunefi bug bounty program. Users running the native Rust verifier and accepting untrusted provers need to upgrade to 6.8.1.

Arthur Hayes posted on platform X that he has closed out the directional trading positions of Maelstrom, taking profits on ETH, ENA, UNI, and other altcoins.He believes that the market may need to experience a decline before it can rise again. Given the current uncertainties in the macroeconomic and geopolitical situation, he has decided to temporarily step back and wait for clear signals of risk resolution before re-entering the market.

Market news reports that U.S. President Trump is expected to cancel some tariffs on Canada.

U.S. President Trump stated that we may soon end the war in Iran.

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, stated in an interview with Bitcoin Magazine that Bitcoin "could easily drop another zero," meaning it could fall back to $10,000 from current levels. He was one of the few analysts on Wall Street who was bullish on Bitcoin reaching $100,000 but has now turned bearish.McGlone mentioned that the launch of Bitcoin ETFs actually marks the end of this trading cycle, as Bitcoin has turned into a high beta "stock puppet" with no independent advantages, highly correlated with the stock market. He also noted that the market has priced in three interest rate hikes by the Federal Reserve, which poses headwinds for major assets including Bitcoin, gold, and copper.The interview also covered topics such as the energy shock in the Middle East, the U.S. midterm elections, the situation between Russia and Ukraine and diesel exports, stablecoins and the GENIUS Act, Tether's layout in Hong Kong, and asset tokenization. McGlone indicated that U.S. Treasuries are his important trading direction moving forward.

Trader Killa posted that the next important cycle turning point for Bitcoin is expected to arrive in a few days. Based on his observations of price trends over the past 600 days, the previous 11 turning points all showed movements contrary to the mainstream market narrative.Currently, bearish sentiment in the market is still accumulating. If this pattern repeats, Bitcoin may rise against the trend by at least 5%. Killa also reminds that a significant fluctuation may not occur immediately after the turning point arrives, and he will focus on the price performance at that time.

According to the American financial media Semafor, Musk proposed a merger between Tesla and SpaceX this week. A former Department of Justice official stated that the proposal poses a real risk of antitrust issues.The official noted that antitrust regulators typically view such vertical mergers as beneficial for improving supply chain efficiency and promoting competition. However, if Tesla and SpaceX are deemed to be potentially engaging in vertical exclusionary mergers, regulators may attempt to block it. The article explains exclusionary as companies using their position to limit competition from other levels of the supply chain, citing that if in the future only Tesla vehicles can use SpaceX's Starlink technology, other autonomous or electric vehicle manufacturers may be harmed.The report states that the outcome depends on the terms of this currently hypothetical deal, as well as how willing U.S. antitrust enforcement agencies, aligned with Trump's stance, are to clash with Musk, who is described as a major Republican donor. The report also mentions that even so, if the Democrats regain control of the House next month, Musk will face congressional investigations, and lawmakers will closely scrutinize his attempts to merge his companies.

According to CoinDesk, the Swedish central bank is pushing lawmakers to reconsider the necessity of issuing an electronic krona (e-krona), believing that with the development of foreign stablecoins and the digital euro, the use of the Swedish krona in the payment system may face long-term pressure.Per Jansson, the Deputy Governor of the Swedish central bank, stated that if cash becomes further digitized and the Swedish krona lacks a convenient digital form, the local currency may struggle to compete with digital payment tools that can be used across borders. Although the central bank has not yet decided whether to officially issue an electronic krona, it hopes to initiate preparations at the legislative level as soon as possible, as the related institutional and technical work is expected to take at least 5 years.

In a report released in September, Anthropic stated that artificial intelligence could push the unemployment rate in the United States close to 12%. The company's prospectus indicated that the funds raised could take away jobs and even threaten lives.Anthropic's target valuation is as high as $2 trillion, which, if achieved, would place it among the top 10 most valuable companies in the world.

CryptoQuant analyst Darkfost stated that due to the ongoing tensions in the Gulf region and Ukraine's increased attacks on Russian refineries, Brent crude oil prices remain above $100 per barrel. The rise in oil prices is transmitting through the global economy, pushing up production, service, and commodity costs, further permeating inflationary pressures into the economic system, and potentially increasing the risk of economic slowdown, thereby limiting market liquidity, especially for funds flowing into high-risk assets like Bitcoin.Darkfost pointed out that from a long-term trend perspective, when Brent crude oil remains above the annual average and enters a strong upward trend, BTC tends to show slower performance; conversely, when oil prices drop significantly, BTC is more likely to experience a recovery. However, he emphasized that this does not mean there is a simple direct causal relationship between oil prices and BTC; what truly affects risk assets is the macroeconomic environment accompanying high oil prices. In July of this year, oil prices briefly retreated, providing BTC with an opportunity to rise, but Brent crude has since rebounded significantly. Although funds may still rotate between different markets, driving BTC to continue its upward trend, the current macro environment is not conducive to sustained new liquidity flowing into the market.

a16z Frontier founding partner Chris Dixon stated that early Web2 platforms were built on fragile tacit agreements: independent creators, bloggers, news media, and community volunteers contributed high-quality content for free, while platforms provided traffic distribution, audience accumulation, and commercial revenue opportunities.He pointed out that after forming a monopoly through network effects, platforms continuously tightened algorithms, forcing creators to pay for traffic. With the advent of the generative AI era, large model companies collect long-accumulated content from the entire internet through crawlers and directly provide answers in search and Q&A interfaces, no longer diverting traffic to the original websites, thus severing the economic cycle of independent creators.Dixon believes that if this trend continues, high-quality original content may be depleted, and the internet could be flooded with low-quality machine-generated content. He proposed that verifiable data ownership could be established through blockchain protocols, allowing data calls, reasoning, and training to be traceable and automatically receive economic returns. Reshaping this contract is one of the important missions of the Frontier fund.

According to sources, the cryptocurrency trading platform Gate (Gate Future entity) has recently obtained the Introducing Broker (IB) qualification in the United States and signed a cooperation agreement for the prediction market with relevant partners.Currently, Gate is advancing the technical integration and development of its products, planning to launch prediction market services in the United States, with the earliest possible launch by the end of 2026.

Beating AI news reports that Wen Shilei, the head of ByteDance's commercialization GenAI R&D, has recently left the company, with his next stop likely being the embodied intelligence company Octopus Power, where he will serve as a partner. Wen Shilei joined Baidu in 2011, previously serving as the head of visual technology and chief architect of the smart city division, and has won Baidu's highest award twice. After moving to ByteDance in 2021, he initially focused on digital humans, XR, and other technologies, and later took charge of engineering R&D for generative AI in commercial scenarios such as advertising.This business line has recently lost several core leaders. Former head of the commercialization GenAI department, Peng Bingyue, left in July this year and subsequently joined Google; the former head of the China region, Yuan Zehuan, also left in July to pursue a startup in world modeling. With Wen Shilei's departure, the remaining team members have been reassigned to other departments.Octopus Power was founded in January 2026 by former Horizon and Jianzhihui Robotics executive Du Dalong, primarily developing world models for robots, dexterous hands, and data collection systems, having raised nearly 1 billion yuan in total financing by June this year. On October 15, Octopus Power confirmed that co-founder Liang Zhujin will leave; Liang Zhujin previously oversaw post-training and data operations, and it is currently unclear whether Wen Shilei will take over related responsibilities.

Cryptocurrency market analyst Murphy stated that BTC has accumulated approximately 921,000 chips around the $83,000 mark, approaching the milestone of 1 million. The last time a similar scale was observed was on August 3 of this year, when the chips at that price level reached about 1.05 million.Regarding the historical Coinbase wallet chips that may be included, Murphy indicated that about 550,000 BTC are related to the Coinbase wallet consolidation from a year ago, but it is currently unclear how many positions remain. According to his estimates, there may only be 100,000 to 200,000 left, so this factor can be temporarily ignored. BTC has entered the first chip gap area below $83,000. Since the price did not fully exchange hands when passing through this area previously, the price returning to this range creates an attraction effect, prompting chips to be re-exchanged and fill the gap.BTC faced resistance when attempting to move downward and may look for a direction with less resistance again. The $83,000 mark is also an important focus in the current long-short battle; any party gaining an advantage could drive the market to form a new trend.

Circle CEO Jeremy Allaire stated in an interview that he is not particularly focused on the short-term price performance of Bitcoin, but is more optimistic about the digital dollar used for payments and the AI agent economy. Allaire mentioned that the digital dollar can be used for payments, transactions, lending, and investment, and that AI agents will participate in more economic activities in the future, potentially further driving the demand for digital dollars and related blockchain infrastructure, although he did not provide specific data on the growth of this demand.On the regulatory front, the Office of the Comptroller of the Currency in the United States is formulating rules related to the GENIUS Act. The proposal requires stablecoin issuers to hold reserve assets not less than the total amount of circulating stablecoins and to redeem at face value within two business days, while prohibiting issuers from paying interest to holders. Allaire believes that the bill has bipartisan support and can provide policy protection for the stablecoin industry, but broader legislative progress on the structure of the cryptocurrency market in the United States has not yet been made.

According to security researcher Spreek (@spreekaway), the management keys of swETH and rswETH under Swell DAO are suspected to have been leaked, and attackers are raising the uncollateralized NAV (Net Asset Value) by up to 1% per hour. Currently, four malicious upgrade contracts have been detected and have not yet been queued for execution through multi-signature; if executed, they could steal approximately 2,500 ETH.Additionally, according to analysis by ADL (@ADLXBT), the management keys control the proxy administrator permissions. Once controlled by attackers, they can direct the swETH/rswETH proxy to malicious implementation contracts, triggering minting or withdrawal functions, thereby inflating the NAV without asset backing. Spreek stated that whether this incident is related to the Railway platform remains speculative; it is currently just a coincidence in timing, with no conclusive evidence available.

Meta Platforms (META.O) CEO Mark Zuckerberg stated that the revenue generated per user by Muse AI in the future may exceed that of its Family of Apps.

According to the American financial media Semafor, Meta Platforms may officially announce a non-voting stock plan as early as Wednesday during the release of its quarterly financial report, aimed at financing investments in AI, a move that does not dilute Zuckerberg's control.