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According to the official announcement from the Runes trading and liquidity platform radFi, the platform will be shut down in phases, with the application scheduled to go offline on February 11, 2027. From now on, activities involving liquidity pools will be restricted, with a limit of 0.01 BTC per transaction for providing liquidity and trading, and a daily total outflow limit of 0.05 BTC. The platform will adjust these limits as necessary.Starting January 11, 2027, Runes trading and LP withdrawals will cease, and only withdrawals from the trading wallet will be supported. After the application goes offline, ndestrategy will operate an independent website for users to withdraw Runes and BTC from their trading wallets.

On November 9, Apex, the founder of Veil, announced that the team has decided to shut down Veil. Deposits will cease immediately, while the front end and relay will continue to operate until December 21, 2026. After that, withdrawals can still be completed through command line tools. Apex stated that after two years of development, the privacy solution they hoped to achieve has not been scaled. The protocol experienced a strong usage phase but was unable to sustain it. The privacy strength of Veil relies on usage, and a decline in usage will weaken privacy. In recent months, the protocol has not consistently delivered its core value as set. Public information shows that Veil is a zero-knowledge privacy protocol supported by Coinbase Ventures.Apex stated that despite not resolving the initial issues, they still view privacy as the most challenging problem in the cryptocurrency industry to date and thanked Base, the Coinbase team, and all parties who held, used, or supported Veil for their assistance over the past two years. The shutdown also means that support for the VEIL token will stop on the same day, including staking rewards and liquidity provider incentives, and the tokens held by the treasury will be destroyed. Apex mentioned that they will not leave the industry and remain optimistic about cryptocurrencies, Ethereum, and Base, but the specific direction for the next phase of development has not yet been determined. They indicated that Veil had previously occupied all their energy, and future projects would need to achieve the same level of conviction before proceeding.

The meme trading platform XXYY has decided to orderly shut down the website. From now until November 30, the platform will retain normal trading and rebate withdrawal functions, and users must complete rebate withdrawals during this period.Starting from December 1, XXYY will stop trading and rebate withdrawals, and the website will only retain the private key export function. The private key export function will be available until January 31, 2027, after which it will no longer be possible to export the private key. The platform has been operating for two years since its launch in November 2024.

The on-chain task and credential platform Galxe announced that it is integrating its team and brands into Gravity to accelerate the development and adoption of Gravity L1. After the integration, Galxe will gradually shut down Galxe Quest, Galxe ID, Galxe Passport, and related services. Gravity will operate normally, and the G token will not be affected.Starting today, new events can no longer be created in Spaces, and the new subscription services for Galxe+ and Galxe Score, as well as the minting function for Galxe Passport, will also be closed. December 5 will be the last day to participate in events, and December 15 will be the closure for claiming event rewards. At that time, the Galxe website will switch to read-only mode. User assets (including Smart Savings balance, unwithdrawn staked G tokens, and G tokens stored in the Gravity Alpha mainnet wallet) will remain secure, and the official will announce the claiming process separately.

The DeFi yield aggregation protocol ACryptoS announced that due to an attack on the treasury, the deposit function has been disabled, while the withdrawal function remains open. ACryptoS analysis indicates that due to a lack of input validation, attackers only need to deposit a minimal amount of tokens to mint a majority of the shares in the treasury.This attack affected 77 treasuries across 5 chains, resulting in a total loss of approximately $665,000. Currently, the stolen funds have been transferred through multiple cross-chain protocols, and the attackers have been offered a condition to return the funds while keeping a 10% bounty. Additionally, ACryptoS stated that due to the inability to continue maintenance, the project has ceased operations and is urging users to withdraw their assets as soon as possible.

According to the information disclosed by the Beijing Municipal Market Supervision Administration, China National Petroleum Corporation Kunlun Manufacturing Co., Ltd. and its concerted action party Kunlun Capital plan to jointly establish a new joint venture with Yushu Technology and Beijing Panjie Intelligent Technology Co., Ltd., focusing on industrial embodied intelligent robot solution business. The simplified case of operator concentration has entered the public announcement period, which is from November 4, 2026, to November 13, 2026.According to the announced equity structure, after the transaction is completed, Kunlun Manufacturing and its concerted action parties will hold a total of 60% of the shares in the joint venture, while Yushu Technology and Panjie Intelligent will each hold 20% of the shares, with the three parties jointly controlling the joint venture. The joint venture will provide industrial embodied intelligent robot solutions for fields such as oil and gas, refining and transportation scenario inspections and emergency rescue, as well as applications in gas stations and comprehensive energy stations for charging and swapping. Previously, Kunlun Capital participated as an important investor in the strategic allocation of Yushu Technology's IPO on the Sci-Tech Innovation Board, and the two parties signed a strategic cooperation memorandum regarding the application of robots in oil and gas scenarios. The establishment of the joint venture marks the transition of cooperation from capital connection to the stage of physical operation.

The prediction market revenue protocol Robin Markets announced the shutdown of V1. The team stated that the initial version of the revenue product did not achieve the expected adoption and will be gradually phased out to allow for the re-launch of an improved version. The points program, revenue guarantees, and matching rewards will cease along with V1; these mechanisms were originally intended to incentivize liquidity but did not perform as expected. Existing products will continue to operate until the new version is launched by the end of this year.The team outlined two main issues. The first is position matching: V1 needs to match opposing YES and NO positions within each market's liquidity pool to combine funds into USDC for use, and the efficiency of funds depends on whether the distribution on both sides is relatively balanced. This creates a first-mover disadvantage, as tokens deposited early often remain idle before a counterparty appears, resulting in thin liquidity pools, and early users frequently cannot earn returns. The second issue is changes in the revenue environment: at the project's launch, the yield on USDC.e on Polygon was still considerable, and there was a partnership with Yearn; after October 10, more yield channels on Polygon shrank or lost competitiveness, weakening the original sources of revenue and placing greater pressure on subsidy guarantees. The team stated that insufficient matching and weakening revenue mutually influence each other, hindering the product's actual operation.Robin Markets positions itself as the capital efficiency layer of the prediction market, allowing users to stake Polymarket outcome tokens on Polygon while earning returns without losing their original market exposure. Public information shows that the project previously completed a $475,000 angel round of financing, with investors including Fabric VC, Animoca Brands, ATKA Incubator, John Lilic, Stefan D. George, and angel investors from Hilbert Capital, LayerZero, and others. The team stated that the next version will directly address the issues of matching mechanisms and revenue sources.

According to a report by The Paper, in response to rumors circulating online about the preparation of an AI startup focused on Recursive Self-Improvement (RSI) with a project valuation of up to $2 billion, Google DeepMind senior research scientist Yao Shunyu explicitly denied it, stating, "I have not founded a company and am still an employee of Google DeepMind," and claimed to have no idea where the related rumors originated.Previously, there were reports that Yao Shunyu's startup team had basically taken shape, intending to attract research and engineering talent from leading AI labs such as Google DeepMind, Anthropic, and OpenAI. This is not the first time Yao Shunyu has responded to startup rumors. On October 12, he publicly stated that there are currently no plans to raise funds in China and urged the public not to waste time on related rumors.

BTCPay Server reported receiving reports of funds from hot wallets being transferred by unauthorized attackers and recommends that instance operators shut down their servers until the investigation is complete.

Intel (INTC.O) CEO stated that the shutdown of the Israeli factory will affect the shipment of 10-nanometer servers in the fourth quarter.

Xiaohongshu fully acquired the AI travel tool Circumference Travel's affiliated company. The latest business information shows that Xiaohongshu Technology Co., Ltd. has become the sole shareholder of Chaochao Shishi Technology (Shanghai) Co., Ltd., with former shareholder Zheng Yifan exiting. Circumference Travel provides a "one-click homework copying" feature, allowing users to paste links of notes from Xiaohongshu and public account travel guides, after which the AI can extract attractions and restaurants, generate a map route, estimate transportation time, and support collaborative itinerary modifications with friends. QuestMobile data shows that in February this year, its monthly active users reached approximately 2.49 million, a year-on-year increase of 384.7%, ranking among the top ten travel service apps, with users aged 25 to 35 accounting for 72.1%.By the end of 2025, the Circumference Travel team had stated that they would not engage in flight and hotel bookings. In September of this year, the app added features for AI querying flight, hotel, and ticket prices, allowing users to directly jump to partner platforms for booking after reviewing their itinerary, and check order status within the app. Last year, Xiaohongshu also acquired the development entity of its AI search product Diandian. Diandian is used to help users find destinations and filter activities, while Circumference Travel can organize promotional notes into executable itineraries and guide users to make bookings.

Yushu Technology disclosed its third-quarter report for 2026. The company's single-quarter revenue was 666 million yuan, a year-on-year increase of 69.93%; the net profit attributable to the parent company was 113 million yuan, a year-on-year decline of 17.37%, with a nearly 50% decrease compared to the previous quarter.Regarding the profit decline, a relevant person from Yushu Technology's Board Secretary Office stated that it was mainly due to increased R&D investment in computing power and large model directions. This person also mentioned that looking at the longer term, the impact is controllable, and the single quarter only shows a phase change; currently, R&D investment relies on fundraising planning and will not be blindly increased.

The decentralized liquidity staking protocol Diva Staking announced on social media that it will shut down the project and will not launch the mainnet. The official statement said that this decision was made after thorough discussion and apologized to the early stakers who had pre-deposited in the vault, stating that related deposits can be withdrawn through Enzyme without further waiting.The official statement mentioned that the team has been operating for about two and a half years without income or salary since the funds were exhausted in mid-2024, with three members pushing the project forward. Diva went live on the Hoodi testnet earlier this summer and has been running stably for about four months without any issues, but failed to gain support from large institutions for the mainnet launch. The three-member team also could not bear the costs of a new round of audits and mainnet operations, thus choosing to wind down rather than risk launching.The announcement also stated that the demand structure for LST has changed after the Shanghai upgrade. As of the end of June this year, BitMine, Coinbase, and Binance together accounted for about 30% of the total staked ETH, with approximately 11.5%, 10.9%, and 7.9% respectively, which is comparable to the concentration when the market was concerned about Lido's share being close to one-third. The official also congratulated Lido for advancing Simple DVT and opening up to independent stakers.

Yushu Technology announced that the operating revenue for the third quarter of 2026 was 666 million yuan, a year-on-year increase of 69.93%; the net profit attributable to the parent company was 113 million yuan, a year-on-year decrease of 17.37%; the net profit excluding non-recurring gains and losses was 105 million yuan, a year-on-year decrease of 17.42%.For the first three quarters of 2026, the operating revenue was 1.817 billion yuan, a year-on-year increase of 55.71%; the net profit attributable to the parent company was 387 million yuan, a year-on-year increase of 270.54%; the net profit excluding non-recurring gains and losses was 349 million yuan, a year-on-year decrease of 18.78%.

According to official news, Sequoia China and the robotics company Yushu Technology announced the establishment of the "ShanYu·Innovation Plan," focusing on discovering and investing in embodied intelligence, robotic applications, and their upstream and downstream key technologies, as well as early-stage entrepreneurial projects in other cutting-edge hard technology fields.It is reported that the core strategy of this plan is "understanding technology and industry, discovering early, making quick decisions, valuing people, and not adding chaos," which will provide industrial and financial resources for promising early-stage entrepreneurs in the fields of embodied intelligence, robotics, and other cutting-edge hard technologies.

On the evening of October 27, Li Liang, Vice President of Douyin Group, responded on Weibo to media person and financial observer Qin Shuo's statement about "the Byte Time of China's Internet," calling it "extremely unrigorous and purely nonsense." Li Liang stated that no company can become the "xx time of China's Internet"; instant messaging has a relatively stable moat due to relationship chains, while short dramas and short videos belong to a fully competitive market with rapidly changing dynamics. He also mentioned that Tencent's growth rate in short dramas and short videos far exceeds that of Douyin and Hongguo, and that instant messaging, gaming, e-commerce, and music occupy a significant amount of user time. He later posted that Qin Shuo's analysis contains several fundamental common sense errors.On the 26th, Qin Shuo published an article on his public account "Qin Shuo's Circle of Friends," citing QuestMobile data from a Nomura Securities report, stating that in July 2026, Douyin surpassed WeChat for the first time among the top 50 apps in China by mobile internet usage time, accounting for 19.4%, while WeChat accounted for 18.8%; the share of Byte's apps was 40.9%, and Tencent's was 29.1%. He questioned whether, despite WeChat's daily active users still exceeding Douyin's, China's Internet is shifting from Tencent time to Byte time, and from WeChat time to "Douyin + Hongguo time." This morning, Qin Shuo posted on social media that in the relevant rankings for August 2026, Byte's share was 41.8% and Tencent's was 28.6%, a difference of 13.2 percentage points. He believes that "Byte time" is a summary of Byte's total usage time share exceeding 40%, which is "a very realistic fact," while emphasizing that the share of user time does not equate to the share of user value.On the same day, Hongguo Short Drama, a platform under ByteDance, issued a statement saying that the claims circulating online about "annual revenue approaching 40 billion yuan" and "this year's revenue reaching 42 to 45 billion yuan" are inaccurate, and that the related comparisons, calculations, and extended interpretations lack factual basis. They stated that most of the current revenue continues to be used for content creator revenue sharing, copyright guarantees, and support for high-quality content. Data from third-party institutions shows that as of July 2026, Hongguo Short Drama had 168 million daily active users, a year-on-year increase of 107%. On October 19, Liu Xing, head of public relations at Doubao, responded to the claim that "over half of the domestic computing power is used to create feel-good dramas," stating that the data is unreliable, and that for Byte, only about 10% of the company's total computing power is used for training and inference of video generation models.

The humanoid robot company Yushu Technology (688836.SH) announced that the cumulative price deviation of the company's stock closing price has exceeded 30% over three consecutive trading days, which falls under the category of abnormal stock trading fluctuations. As of October 26, 2026, the company's rolling price-to-earnings ratio is 465.22 times, significantly higher than the average rolling price-to-earnings ratio of 38.54 times in the general equipment manufacturing industry.The announcement pointed out that the humanoid robot industry is still in the early stages of commercialization, with uncertainties in technology maturity, cultivation of downstream market demand, and supporting capabilities in the industrial chain. The transition of physical AI technology from laboratory demonstrations to large-scale implementation in real-world scenarios still faces challenges such as perception accuracy, motion control stability, data accumulation, and hardware-software collaboration. The maturity of the technological path and business model still requires time for validation. If the industry's large-scale commercialization progress does not meet expectations, the company's future revenue expansion and performance release may be adversely affected, posing investment risks of valuation regression.

According to Gate market data, the stock price of Yushu Technology in the A-shares has returned to 700 yuan, with a cumulative increase of over 56% this month, and a total market value exceeding 285 billion yuan. The current price is 723 yuan, with an intraday increase expanding to 15.87%.