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According to on-chain analysts' monitoring, the hacker suspected of stealing 106 million dollars from EU entities bought 27,553 ETH (62.83 million dollars) in a single day yesterday, with all transactions completed on-chain at an average price of 2,280.34 dollars. It seems that they have currently paused their purchases.

a16z Chief Legal Counsel Miles Jennings posted on X that the U.S. Securities and Exchange Commission (SEC) has released new FAQs that further clarify its token classification framework. He pointed out that Question 1.4 clearly states that systems can maintain decentralized governance and use legal entities such as DUNA; Question 1.5 distinguishes between licensed and unlicensed systems; and Question 1.6 clarifies the difference between "functional" and "decentralized."The SEC's Division of Corporation Finance updated the relevant Q&A on November 2. The response to Question 1.4 states that participants in a widely governed functional crypto system, if not interconnected and without formal or informal collaborative arrangements other than participating in that governance system, typically do not constitute a group of persons or entities defined as "centralized parties"; even if they do form such a group, they must still possess operational, economic, or voting control to meet the definition of "centralized parties." This conclusion also applies to cases where the governance system belongs to an organization, association, or foundation, and participation is based on holding native crypto assets.The response to Question 1.5 states that centralized party oversight of participants refers to the authority to control access to the system at the protocol, validator, or user level, such as unilaterally granting or restricting access, deciding on upgrade voting procedures, controlling who can participate in consensus, or modifying rule code, revoking transactions, and access. The response to Question 1.6 states that "functional" refers to native crypto assets being usable according to the system's programmed purposes, while "decentralized" refers to the system operating autonomously without any person, entity, or group having operational, economic, or voting control; the two are distinct concepts. The above responses represent the views of the staff of the Division of Corporation Finance and do not constitute SEC rules or statements.

According to official news from Coinbase, global derivatives trading supported by Deribit has launched on Coinbase for Agents, open to eligible traders.Users can connect their Coinbase accounts to the AI platform to research the market, develop strategies, and trade within set limits.

Democratic senators in the U.S. Senate have accused Elon Musk's social media platform X of giving preferential treatment to the prediction market Polymarket. Nevada Democratic Senator Catherine Cortez Masto, California Democratic Senator Adam Schiff, Nevada Democratic Senator Jacky Rosen, and Connecticut Democratic Senator Richard Blumenthal wrote in a joint letter first disclosed by Semafor that typically, X allows users to report ads for various reasons. However, when users attempt to report Polymarket's ads through X's standard interface, they are unable to select the report option. Other types of ads, including those from Kalshi, do not have this issue.This letter, which includes screenshots, claims that this seemingly unfair special treatment raises questions about whether X is trying to provide Polymarket with an improper competitive advantage, thereby benefiting the U.S. President and his family. Donald Trump Jr. has invested in Polymarket and serves as an advisor to the platform.

As AI mega-scale cloud service providers ignite a global financing boom, the scale of yen bonds issued by foreign entities in Japan has reached a historic high. From April to September, the total amount of yen bonds was approximately 2.5 trillion yen (about 15.9 billion USD), a year-on-year increase of 160%.Google's parent company Alphabet issued yen bonds for the first time in May, with a total of 576.5 billion yen, setting a new historical record.

According to on-chain analyst @ai_9684xtpa's monitoring, a16z affiliated entities have transferred 118,000 HYPE to Wintermute, Galaxy Digital, and Cumberland in batches since yesterday, valued at approximately 10.7 million dollars based on an average price of 90.72 dollars, with the specific use still unclear.

According to official news, regarding the recent security incidents involving Bybit, Bitget, and Binance, OKX founder and CEO Star stated that security should not be a field of commercial competition, but rather a shared responsibility of the entire cryptocurrency industry. Over the past decade, major exchanges have made significant progress in private key protection, but there are still potential risks in access control and wallet management systems. He emphasized that no system is absolutely secure, and any major security breach at an exchange could undermine the trust of the entire industry.Star called on major exchanges in the cryptocurrency industry to strengthen cooperation and jointly establish stricter industry security standards and coordinated response mechanisms, including increasing verification and security delays for large withdrawals to unknown addresses and smart contract authorization transactions, as well as implementing key security restrictions at the cryptographic signature layer. At the same time, the industry should establish real-time security incident reporting, joint monitoring of suspicious funds, and rapid response mechanisms, and promote collaborative research in areas such as post-quantum cryptography and AI security threat defense. He emphasized that no single company can safeguard the future of the cryptocurrency industry alone.

Coinbase announced that it will hold the first global trading competition, the Coinbase Champions Cup, from November 4 to 25, with a total prize pool of up to 2 million USD, and registration is now open.Participants also have the chance to win a trader seat at Coinbase's next offline event. This competition is provided by Coinbase Bermuda Ltd. and is only open to eligible users within designated jurisdictions, with a minimum trading volume requirement of 100 USDC.

According to an official report from Cointelegraph, the competition among cryptocurrency exchanges is undergoing transformation, with the industry's focus gradually shifting from trading data to users' broader daily financial needs. During TOKEN2049, Gate officially launched a one-stop financial service application, Gate Money, to lead this new competitive landscape.Dr. Han, the founder and CEO of Gate, pointed out that Gate Money aims to break down the barriers between traditional investments and daily consumption. It integrates users' named bank accounts, fiat currencies, cryptocurrency assets, and traditional financial holdings such as stocks and gold into the same account system, combined with the Gate Card that supports Apple Pay and Google Pay, as well as a Visa co-branded card, granting assets instant consumption capabilities. It also integrates various fiat currency deposits and withdrawals, on-chain transfers, instant exchanges, and up to 3.6% annualized wealth management, achieving a one-stop experience for asset management, appreciation, and payments.While expanding its business, Gate always places compliance and transparency at its core. Currently, the platform has obtained compliance qualifications in Malta, Dubai, Australia, and the United States; the platform's total reserves amount to $8.688 billion, with a comprehensive reserve ratio of 118.49%. The launch of Gate Money marks Gate's acceleration towards upgrading into a comprehensive financial ecosystem that encompasses daily payments and comprehensive asset management.

As the "leader" of the Prince Group of Cambodia, Chen Zhi has been apprehended, prompting various judicial jurisdictions to initiate the disposal of assets related to the Prince Group. Local courts have appointed Joint Provisional Liquidators (JPLs) to investigate and preserve the corresponding assets surrounding the 30 British Virgin Islands (BVI) entities actually controlled by Chen Zhi. The bankruptcy proceedings in the British Virgin Islands are collective in nature, and the eligibility for creditor claims is not determined by nationality or jurisdiction; potential victims from any jurisdiction can file claims, which means that victims of online fraud and gambling from China can also submit claims at some point in the future.It is reported that the liquidation list includes 30 BVI companies, including Prince Global Group Ltd, most of which are actually controlled by Chen Zhi, while only 28 BVI companies are listed on the U.S. Treasury's sanctions list. Furthermore, "the scope of liquidation is not solely determined by sanctions," as two companies not sanctioned but included in the liquidation list, Amber Hill Ventures Limited ("AHV") and Lateral Bridge Global Limited ("LBG"), have been mentioned in U.S. judicial proceedings and are considered entities within the widely associated network of the Prince Group, accused of having no other practical use besides participating in money laundering. The prosecution claims that of the more than 120,000 bitcoins confiscated in the U.S., over 90,000 flowed through AHV, LBG, and another company registered in the Cayman Islands, Future Technology Investment; among them, the chairman and shareholder of AHV is Fan Yang, and the chairman and shareholder of LBG is Minyi Tang, who are referred to in the U.S. indictment as "Co-conspirator 6" and "Co-conspirator 7," respectively. Regarding the claims of victims of online fraud and gambling, a claims filing and distribution process has not yet been established. If a liquidation process is initiated in the future and there are sufficient funds to support distributions to creditors, the liquidators will establish a claims process, adjudicate claims, and make distributions in accordance with the British Virgin Islands bankruptcy law.

According to Caixin, as the "leader" of the Prince Group in Cambodia, Chen Zhi, has been captured, various judicial jurisdictions have successively initiated the disposal of assets related to the Prince Group.Regarding the 30 entities in the British Virgin Islands (BVI) actually controlled by Chen Zhi, local courts have appointed Joint Provisional Liquidators (JPLs) to investigate and preserve the corresponding assets.

Anthropic stated in the S-1 filing that computing power is a key issue the company faces. If it cannot obtain sufficient computing power or fails to allocate it effectively, the company may not be able to train models that remain competitive with its rivals.Anthropic is paying fees to obtain computing capacity from companies like SpaceX, but it expects that demand will continue to exceed supply in the short term.

Bitget has launched a contract ranking competition, which will take place from October 26 at 11:00 to November 9 at 11:00 (UTC+8). During the event, users who complete the cumulative contract trading volume tasks can earn up to 18 scratch card opportunities, with a maximum of 1 XAUT reward per scratch.In addition, the event features a trading leaderboard. The top 30 users by total trading volume who meet the corresponding trading thresholds will receive gold jewelry from Lao Pu, gold ingots from Chow Tai Fook, and rewards of up to 1,000 USDT. For more details, please refer to the official Bitget platform.

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.

U.S. Treasury Secretary Becerra stated that the "GENIUS Act" is a watershed moment in the U.S. financial sector, further solidifying the United States' position as a global cryptocurrency hub.He pointed out that just as President Lincoln's National Currency Act of 1863 established a national framework for banks to issue currency, the "GENIUS Act" establishes a federal framework for payment stablecoins in the digital age.Becerra noted that the Office of the Comptroller of the Currency's (OCC) final rule advances the implementation of this landmark legislation, providing a clear and pragmatic foundation for private sector innovation, competition, and the United States' leadership in the digital asset space.

OpenAI announced the acquisition of San Francisco startup Orchestra Bio, which has developed AI agents to help pharmaceutical companies track the progress of drug development projects. Orchestra's team and platform will be integrated into OpenAI's life sciences product line Rosalind, aimed at biologists and chemists, with the transaction amount undisclosed. Orchestra was founded in the fall of 2022, with seed funding from Andreessen Horowitz, Definition Capital, Insight Partners, and 8VC, raising a total of approximately $20 million.According to OpenAI, a new drug can take up to 15 years from initial conception to approval in the United States, and the cost of bringing a single approved drug to market can exceed $2.6 billion, with less than 10% of candidate drugs entering human trials ultimately reaching the market. Orchestra's AI agents can automatically monitor tasks and flag issues, analyze how setbacks like production batch failures affect the overall development project, compile relevant information, and compare response strategies, ultimately allowing scientists and project leaders to make decisions.This acquisition follows competitor Anthropic's acquisition of Coefficient Bio for approximately $400 million in April, reflecting the competition among AI labs for new drug development workflows. In April, OpenAI launched the model GPT-Rosalind specifically designed for biology and drug discovery, available only to vetted U.S. corporate clients such as Amgen and Moderna, with the accompanying product Rosalind Workbench connecting the model to research tools and data.

According to the official announcement, Gate Doge (Trenches) will hold the 67th Hot Coin Competition from October 19, 16:00 to October 22, 16:00 (UTC+8). After registering, users can trade all Robinhood chain tokens in the Doge area to earn chances for a blind box lottery based on their cumulative trading volume, sharing a total airdrop reward of 30,000 USDT.Users who did not register with an invitation code can earn 1 regular blind box lottery chance for every cumulative trade of 200 USDT, while users who registered with an invitation code can earn 1 premium blind box lottery chance for every cumulative trade of 500 USDT. Both types of users can earn a maximum of 12 lottery chances during the event, with a winning rate of 100%.At the same time, the Gate Doge SOL chain peak trading competition will be held from October 19, 18:00 to November 2, 16:00 (UTC+8). Users who register and trade SOL chain tokens in the Doge area can unlock an airdrop prize pool worth up to 50,000 USDT. Once the effective cumulative trading volume of all registered users reaches a certain threshold, the corresponding tier prize pool will be unlocked, based on the highest tier reached at the end of the event.In addition, users with an effective cumulative trading volume of 40,000 USDT can participate in the trading ranking, with the top 100 qualifying users receiving rewards, and the champion can win an airdrop worth up to 10,000 USDT.