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Vantage Bank and Rio Bank completed principal and interest payments for loan participants using the loan service platform Participate, utilizing tokenized deposits from Hazel Network. Participate stated that after Vantage submitted the payment, the platform completed the distribution of principal and interest, with tokenized deposits reaching the recipient's digital wallet in less than 3 minutes. The loan balance and payment notifications were automatically updated in sync, connecting the traditional processes that relied on wire transfers, spreadsheets, and email notifications. This payment was announced on October 19.This payment marks the first implementation of the collaboration between the two banks that began in April this year. Custodia CEO Caitlin Long confirmed that the transaction occurred on the Ethereum mainnet. Hazel was jointly developed by Vantage and Custodia: Participate (a subsidiary of BankLabs) provides loan workflows and payment instructions, Vantage offers banking services and reserves, and Custodia is responsible for wallets, blockchain operations, compliance, and reconciliation monitoring.According to the Hazel white paper, this settlement model includes both on-chain and traditional bank ledger records, with transactions permitted only for authorized participants, while customer identities and account information are kept off-chain. Participate plans to offer tokenized deposits and Fedwire payment automation services to 750 banks for loan participation and syndicate payments.

White Whale Labs released a study titled "The Audit Of The Memecoin Casino," stating that since late August, it has recorded all Pump.fun and Stonk new coin transactions on Solana, covering over 1 million liquidity pools and 7.7 million wallets with 384 million exchanges, with data exceeding 56 GB and 820 million rows. This dataset adds 18 to 25 million transactions daily, with up to about 1 million wallets and over 60,000 newly issued projects.The study claims that among the coins that have had real transactions, about one-tenth will double within the following 24 hours. Among 22.8 million first purchases within two weeks, 17% doubled before a 40% drop; using a doubling take-profit and a 40% drop stop-loss while accounting for costs, the average loss per transaction is about 19%. Clusters consisting of 450 to 2000 wallets often concentrate their purchases within one to two minutes after going live, with the doubling ratio for related coins being 28% to 46%, and their entry doubling before a 40% drop is 50% to 60%, higher than the 17% of other wallets. The daily count of groups tracked is between 9 and 33.Copy trading tests show that entering two minutes behind large clusters results in a single coin loss of 41% for 93 coins, with a median drop of 95%; tracking groups with positive records still shows a single coin loss of 11%, and backtesting a single wallet shows a single transaction loss of 20%. A few tight-knit groups made about 10% profit on 16 coins. Neural networks increased the doubling ratio from about 10% to 26%, but out of 771 selections over 8 days, daily results were negative, with an average loss of about 11%, a median drop of 45%, and 55% triggering stop-loss within 24 hours. White Whale Labs stated that after spending thousands of dollars on API, VPS, and model costs, no monetizable advantage was found, and they believe that meme coin trading is almost entirely driven by cluster wallets.

According to Bloomberg, Spencer Applebaum, General Partner and Co-Head of Venture Capital at Multicoin Capital, stated that unlike institutions such as Paradigm, Framework Ventures, and Haun Ventures, which are expanding their investment scope beyond the crypto space, Multicoin will not extend its investment scope to pure AI projects, as its strengths lie in the crypto field, and believes that many investors are "forcing" a search for intersections between crypto and AI.The $422 million venture capital fund raised by Multicoin in 2022 has been deployed slowly due to the decline in valuations of startup projects following the collapse of FTX. Spencer Applebaum also mentioned that HYPE remains the largest position in Multicoin's hedge fund. Currently, Multicoin's assets under management stand at $2.7 billion.

According to monitoring by lookonchain, despite the continuous decline in the cryptocurrency market, some whales are still buying on dips. Previously, the whale address 0x8E8b sold 2050 ETH, cashing out approximately 4.93 million dollars, with a profit of about 1.08 million dollars.The address has repurchased 6010 ETH, worth approximately 14.23 million dollars.

GMGN announces the launch of the global memecoin trading championship Season 1, featuring a 10-day live memecoin trading competition on GMGN, where 6 traders will be selected to participate in the finals in London. Registration for the competition is now open.The qualification rounds will take place from October 17 to 27 (UTC), and participants must use their own funds (up to $2000), create a Solana wallet and an EVM wallet to compete, with rankings based on realized profits and losses. A real-time leaderboard will be provided during the competition, and all trades will be recorded on-chain. Daily champions will receive a platinum GMGN nameplate, and the ultimate champion will win a limited edition Aston Martin Vantage. The organizers will cover the airfare, hotel, and visa costs for the London finals.

According to the official website of the People's Bank of China, the central bank released the "Policy Position on the Renminbi Exchange Rate," clarifying that China implements a managed floating exchange rate system based on market supply and demand, referencing a basket of currencies, and has exited from normalized foreign exchange interventions since 2017.The central bank stated that China has no intention of gaining trade competitive advantages through devaluation, never engages in competitive currency devaluation, and only uses macro-prudential tools to prevent short-term overshooting under significant external shocks such as the pandemic and the tariff war in April 2025. Since the exchange rate reform in 2005, the Renminbi has appreciated by a cumulative 23% against the US dollar, and the nominal effective exchange rate has appreciated by over 50%; since 2025, it has appreciated by about 9% against the US dollar.The central bank also pointed out that using the International Monetary Fund's external balance assessment conclusions as the official basis for the undervaluation of the Renminbi is a misinterpretation and misuse, and that alleviating global imbalances requires joint action from deficit and surplus countries.

According to The Block, Jeff Yan, co-founder of the decentralized perpetual contract trading platform Hyperliquid, stated during a fireside chat at the Korea Blockchain Week 2026 that around-the-clock trading is not the essential difference between on-chain trading venues and traditional exchanges. He pointed out that cryptocurrencies do not need to adhere to traditional market opening hours because these assets inherently possess international attributes, and some traditional exchanges have already begun to actively extend their trading hours.Yan emphasized that the more enduring value of on-chain finance comes from allowing users to retain control and custody of their funds, which helps to avoid a common single point of failure risk. In his view, once a counterparty, intermediary, or even custodian encounters issues, the ability to self-custody becomes particularly crucial.In addition, transparency constitutes another distinct feature of on-chain trading. Although it does not have a strong appeal in serving ordinary consumers, it is essential for building trust in the entire system. In a system controlled solely by a private organization, users cannot obtain the same level of trust and neutrality guarantees.He also mentioned that for assets lacking publicly available prices during the closing hours of traditional exchanges, continuous trading remains necessary. He cited commodities, stocks, and Pre-IPO targets that had already traded on Hyperliquid before the reference market opened as examples to illustrate that the demand is indeed real.

David George, a general partner at a16z, stated that OpenAI understands a rare but important thing: the purpose of a business is to create customers. He believes that OpenAI will not win solely due to model, chip, cost performance, or product leadership, but because it excels at creating new types of customers and has a more sustainable distribution strategy.David George indicated that in the context where intelligent services are widely available, the key is whether new usage behaviors can be awakened and distribution won. He summarized the leverage for building cutting-edge large-scale AI businesses as creating new behaviors, reaching a large number of users, pricing to capture value, and increasing conversion costs, and he believes that the last two are difficult to form long-term advantages; competition ultimately depends on the first two.The article also mentioned that OpenAI has found seemingly simple breakthroughs in areas such as chat interfaces, reasoning, tool invocation, and Computer Use multiple times, and is building long-term distribution in a platform manner. David George stated that OpenAI has a broad user base covering consumers, professional users, and enterprises, as well as the ability to deeply understand its own technology stack, thus being better positioned to discover reusable new patterns and foundational capabilities.

CryptoQuant analyst Axel Adler Jr. stated that the price of Bitcoin is currently around $83,000, with the outflow rate of Bitcoin from exchanges reaching its fastest level since October 2025.On-chain data shows that as of September 27, the average daily net outflow from exchanges over the past 7 days has reached 16,100 Bitcoins, reflecting a contraction in the supply of chips on exchanges.

CryptoQuant analyst Axel Adler Jr. stated that in the past 24 hours, Bitcoin rose from $76,300 to $77,400. The Bitcoin liquidation pressure oscillator increased from +0.48 to +54.52, indicating that short liquidations are dominant; the active order pressure oscillator rose from -1.88 to +0.86, showing that market buying temporarily exceeded selling.However, this positive indicator lasted only about 4 hours, and the buyer's advantage has not been fully confirmed. If the indicator falls back below zero and long liquidations increase, the price may come under pressure again.

According to Solid Intel, U.S. Secretary of Defense Pete Hegseth stated that the Pentagon is advancing several confidential projects related to BTC and cryptocurrencies, having previously agreed that the U.S. should seek a strategic advantage in the BTC field.

The Senior Vice President of Amazon Web Services (AWS) stated that the next-generation Trainium AI chip will have "very obvious differentiated advantages."

Former U.S. President Trump rejected calls from several senior officials to slow down the development of AI models. During the Irish Open, he stated that the United States is the most advanced country in the world and hopes to maintain this situation. Trump believes that there are many negative forces pushing for matters that should not be raised.

Analyst Jukan from Citrini forwarded a research report from Tianfeng Securities and stated that the U.S. government needs to maintain its leading position in the AI field, making it difficult to truly stop once it enters the AI race. Jukan believes that the recent calls from Anthropic and OpenAI to slow down AI development should not be viewed solely as safety initiatives; there may also be multiple considerations behind it, such as the inability to slow down competition and consolidating leading advantages through safety regulation.Jukan further pointed out that the related "AI slowdown" calls seemingly stem from the challenges of safety testing, operational monitoring, and third-party validation keeping pace with the speed of model iteration. In the short term, this may suppress market sentiment in the AI sector and lower market expectations for the next generation of models; another possibility is that the industry remains optimistic about AI in the long term but wishes to delay the next round of significant R&D investment, prioritizing the commercialization of existing products and reducing infrastructure and capital expenditure pressures. He believes that the AI race is essentially similar to a "prisoner's dilemma," where all parties wish to slow down, but no one dares to be the first to stop, or they may lose technological, customer, and financing advantages.Jukan also mentioned that Anthropic and OpenAI have recently emphasized recursive self-improvement (RSI), which is related to AI already assisting in the development of the next generation of AI and the acceleration of model iteration speed; at the same time, it has been reported that during internal testing at OpenAI, incidents occurred where agents collaborated to escape the sandbox and intrude into Hugging Face's production servers. Jukan believes that as the release of models incurs expensive evaluation, certification, and ongoing audit costs, large laboratories are better able to bear these fixed costs, while smaller teams may face higher entry barriers as a result; if leading laboratories further participate in the formulation of evaluation standards, industry barriers may continue to rise.

Robinhood co-founder, chairman, and CEO Vlad Tenev posted on X that everyone, regardless of where they are, should have access to high-quality financial assets. Tokenization will unlock the advantages of the U.S. capital markets and make them available globally.He stated that the industry is still relatively small compared to global finance, but its advantages are increasingly hard to ignore. Traditional market infrastructure is built around fixed trading hours, closed networks, and multiple intermediaries, and is not designed for 24/7 execution, programmable assets, composability, or self-custody. The changes in investor demand are outpacing the underlying infrastructure, and the team is working hard to change this situation.Tenev expressed confidence in seeing founders, LPs, traders, and infrastructure teams driving industry development. The industry is still in its early stages, and there is a lot of work to be done. The old system needs time to adapt, but it is worth the effort.

The Bank of Korea stated that thanks to Samsung Electronics and SK Hynix actively expanding domestic production facilities, South Korea's leading advantage in memory chip capacity is expected to further expand.The Bank of Korea expects that new chip factories to be put into production by 2028 will increase South Korea's monthly wafer capacity by approximately 600,000 wafers.

According to a report by Reuters, Apple Inc. is facing a class-action lawsuit in London, with claims amounting to £2 billion (approximately $2.7 billion). The lawsuit was filed today in the London Competition Appeal Tribunal by Ann Pope, a former senior official of the UK's Competition and Markets Authority, representing app developers.The core allegation is that Apple's "App Tracking Transparency" (ATT) feature, launched in 2021, imposes stricter restrictions on third-party developers than on its own services, giving Apple's own advertising ecosystem an unfair competitive advantage. Ann Pope stated that Apple's policies "have caused very significant harm to businesses that rely on Apple as a gatekeeper."Since its launch, the ATT feature has been a focal point of concern for global regulators for several years. Apple's official stance is that the feature is designed to allow users to control whether to permit apps to track their activities across other companies and websites.However, the plaintiffs argue that the actual enforcement of this rule has a double standard—tracking requests from third-party apps require strict pop-up authorization, while Apple's own personalized ads and services can bypass the same restrictions. This lawsuit represents the latest legal challenge Apple faces regarding its ATT policy and is the first large-scale private antitrust lawsuit initiated in the UK market against Apple's app ecosystem rules following scrutiny from regulators in the EU, the US, and several other countries.

According to CoinDesk, U.S. Treasury Secretary Yellen has reportedly urged Japan to raise interest rates to curb the continuous depreciation of the yen, highlighting how traditional monetary policy is susceptible to government and external factors.In contrast, Bitcoin's monetary policy is pre-set by code, with new coin issuance following a fixed rhythm and halving approximately every four years, providing higher predictability. However, Bitcoin still struggles to escape the impacts of traditional financial markets in the short term.If Japan's interest rate hike leads to a rapid appreciation of the yen, long-accumulated low-interest yen financing trades may be closed out, potentially triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's interest rate hike strengthened the yen and put pressure on risk assets, including Bitcoin.From a technical perspective, the BTC 50-day moving average is currently trending upward and is close to crossing above the 200-day moving average, which may form a "golden cross." However, analysts believe that moving averages have a lagging nature, and the historical predictive effectiveness of the golden cross as an independent indicator is not stable.

DWF Ventures released a report stating that as trading fees continue to approach zero, social trading is becoming a new direction for financial trading platforms to compete for users and build moats.The rise of social trading stems from users seeking validation from others and references for investment decisions. From early brokerage copy trading to investment communities like Reddit and Stocktwits, and now to platforms that combine real position verification, trading signals, and social relationships, social trading is evolving from a simple copy trading tool into a product form that integrates trading, content, and social interaction. As trade execution becomes increasingly homogenized, the future competitive advantage of platforms may come more from network effects, resources of well-known traders, and exclusive information and distribution capabilities.Analysis suggests that social trading platforms are forming a clear growth flywheel: platforms attract well-known traders and their fans, traders build reputations through public trading, fans amplify market influence by following trades, which in turn increases the visibility of traders and the user base of the platform. Public calls for trades may even generate a certain "self-fulfilling" effect in this process.Platforms also lower the entry barriers for users through one-click trading, low-threshold acceptance, trading competitions, and fee incentives, and leverage the social influence of top traders to facilitate user migration. In the future, the social trading ecosystem in the cryptocurrency and traditional stock sectors may further integrate, and platforms that master trader, user attention, and information flow are expected to form stronger network effects.However, social trading also faces significant structural risks. Data shows that among approximately 292,000 wallets analyzed by the Fomo platform over the past three months, only 6.16% achieved profitability based on realized gains. Followers lack independent investment logic and are easily influenced by herd behavior, while there may also be conflicts of interest between traders and followers.Furthermore, even if platforms can verify public positions, traders may still establish undisclosed positions through other wallets, making information asymmetry difficult to eliminate completely. Analysis suggests that as the boundaries between trading and entertainment continue to blur, platforms that can establish unique information layers, gather quality traders, and form network effects may gain an advantage in the competitive social trading market.