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The U.S. Department of the Treasury has released proposed rules for the implementation of the COINS Act, planning to further expand restrictions on foreign investments in sensitive technology sectors concerning certain "countries of concern." The current system primarily covers entities related to China, and the proposed rules aim to tighten restrictions in areas such as AI and semiconductors, extending the regulatory framework to more sensitive technologies and countries.In the field of AI, some investments that can still be made under the current rules after declaration are proposed to be further prohibited; in the semiconductor sector, high-bandwidth memory, photonic chips, and radiation-resistant chips are also included in the scope of stricter restrictions. Meanwhile, biotechnology has been added as a key regulatory area, involving directions such as brain-computer interfaces and automated laboratory software.

According to official news, Futu Securities has opened BNB deposit and withdrawal services for qualified professional investors in Hong Kong, further expanding the virtual asset service chain.Qualified professional investors can now deposit funds via the BNB Smart Chain (BEP20) network between self-custody wallets and Futu crypto accounts, or withdraw to verified whitelist addresses, achieving compliant interconnection between on-chain assets and the securities trading ecosystem.

According to on-chain analyst PeckShield (@PeckShieldAlert), the address marked as the Cysic attacker has deposited 300 ETH (approximately $721,140) and 30.4 BNB (approximately $22,590) into Tornado Cash.According to the Cysic Foundation, a security incident occurred on October 17 involving the Cysic cross-chain bridge, where the attacker unauthorizedly minted 10 million CYS on the BNB Chain.

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 Jinshi, SK Group's newly established data center business unit SK Hyper is in talks with large technology companies and financial investors for financing, planning to raise funds for a data center construction project expected to cost $350 billion. SK Hyper has begun discussions with potential partners, aiming to build data centers in South Korea with a total capacity of 15 gigawatts by 2035.SK Hyper CEO Chung Suk-geun stated that the first phase of the 5-gigawatt construction alone requires $350 billion, which includes equipment costs. The company plans to complete its first round of external financing by the end of this year or early 2027, and will continue to raise funds over the next three to four years while sharing the overall construction costs with data center tenants and external investors.

a16z crypto partner Ali Yahya posted on X that he has decided to leave a16z, move to San Francisco, and start a company. He stated that he has been with the company for nearly 10 years, and when he met Chris Dixon, Ben Horowitz, and Marc Andreessen in 2017, he was an engineer at Google Brain working on robotics research, with a strong interest in open source but no knowledge of investing.Ali Yahya mentioned that at that time, Chris Dixon had already laid the groundwork for a16z in the early crypto space by investing in companies like Coinbase, but the company's crypto team consisted of only Chris Dixon, and he hoped to expand the team. Chris Dixon invited him to leave Google to help build the company's crypto business. He expressed that forming the team together and supporting founders' work has been the most meaningful experience of his life, and he thanked Chris, Ben, Marc, and the team.Regarding his entrepreneurial direction, Ali Yahya stated that he is still in the early stages and is most focused on infrastructure that can support an open software ecosystem. He made two observations: current AI is mostly a technology for individual use, but in the future, it will shift towards collaboration among multiple people and multiple intelligent agents, potentially leading to large-scale open networks; the cost of software development has significantly decreased, allowing for on-demand generation and disposal after single use, which will change the software stack and may give rise to new operating systems mediated by AI and an AI-native developer ecosystem. He invited those working in related fields, especially those in the Bay Area, to communicate with him.

Google (GOOG.O) announced the official launch of the Claude model deployment option managed by Anthropic on Google Cloud.

The prediction market operator Underdog has partnered with the cryptocurrency infrastructure provider zerohash, planning to support cryptocurrency and stablecoin deposits later this year. Eligible users can directly deposit supported digital assets through the Underdog app, with services supporting near-instant transfers around the clock. Underdog has not yet announced the specific cryptocurrencies or stablecoins that will be supported.The new deposit method will complement debit cards, credit cards, Apple Pay, and bank transfers, allowing users to avoid managing wallet addresses or selecting blockchain networks. Underdog was established in 2020 and currently has over 11 million registered accounts. IG Group has agreed to acquire the company for up to $1.3 billion, with the transaction expected to be completed by the end of 2026 or early 2027. As of October 21, Underdog's trading volume over the past 30 days was $1.4 billion, an increase of 133% compared to the previous period.

The New York State Department of Financial Services in the United States has issued an alert regarding two critical PHP vulnerabilities, urging regulated entities to quickly identify and remediate known exploited vulnerabilities.

QuickSwap announced that its deployment interface on the Soneium network will cease operations on December 31, 2026, and advised liquidity providers and other users to withdraw assets and liquidity positions through the interface before this date.QuickSwap stated that after the interface stops service, users can still retrieve their assets through the official Soneium block explorer. The project team also released a list of usernames holding Soneium liquidity positions for relevant users to check.

The BNB Chain development team announced that the BNB Smart Chain testnet will undergo the Jenner hard fork upgrade on October 28. Validators, node operators, block builders, and application developers need to start preparing for the upgrade.The Jenner upgrade includes the Payment Lane feature, which defaults to reserving 5% of block Gas for eligible payments.

According to The Block, American fintech company SoFi Technologies announced the launch of SoFi Earn, product code SOFIE, which is an interest-bearing tokenized deposit with an annual yield of 4.4%, and is insured by the Federal Deposit Insurance Corporation (FDIC) within applicable limits.SoFi stated that this is the first time a national bank in the United States has directly offered tokenized deposits to individual customers. Each SOFIE corresponds to a $1 deposit at SoFi Bank, and members can exchange it for the stablecoin SoFiUSD at a 1:1 ratio through SoFi Crypto, which can be used to purchase cryptocurrencies or transferred to supported external wallets at any time. Deposits continue to earn interest before the exchange, while SoFiUSD, like other stablecoins, is not a deposit insured by the FDIC.SoFi expects to complete the full launch for crypto members in November. The company plans to launch consumer crypto trading in November 2025, followed by the introduction of SoFiUSD. In May of this year, it integrated with the consumer-facing app, and SoFi Crypto currently supports trading for over 40 types of crypto assets. CEO Anthony Noto stated that he hopes funds will continue to generate returns before being used, combining the benefits and protection of bank deposits with the speed and utility of digital assets.

The National Development and Reform Commission has released a new version of the "Regulations on Foreign Investment Management," which better ensures the development and security of foreign investment from an institutional perspective. The regulations consist of 76 articles, divided into six chapters: General Principles, Guidance and Services for Foreign Investment, Supervision of Foreign Investment, Protection of Foreign Investment, Legal Responsibilities, and Supplementary Provisions.The regulations will take effect on December 1, 2026, at which point the "Regulations on Overseas Investment Management" issued in 2017 will be simultaneously abolished. The state supports investors in conducting foreign investment activities based on market principles and actively participating in international cooperation and competition. Investors enjoy the autonomy of foreign investment according to the law, making independent decisions, bearing risks independently, and being responsible for their own profits and losses.

According to The Block, holders of Starknet (STRK) supported a research proposal with over 93.5% of the voting power, which aims to explore the transformation of Starknet from an Ethereum Layer 2 network to an independent Layer 1 network with quantum resistance.StarkWare plans to release a draft white paper in November to further investigate the relevant technological pathways. It is important to note that this vote only supports the initiation of transformation research and does not mean that the transformation plan has been officially approved. Further governance approval will still be required to advance the related transformation.

HUMAIN Both parties plan to collaborate on the deployment of up to 84 megawatts of AI computing infrastructure, approximately equivalent to 27,000 NVIDIA GPUs. The deployment of NVIDIA Blackwell Ultra chips is set to begin in the fourth quarter of 2026, with plans to deploy NVIDIA Vera Rubin series chips in 2027.

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.

Aave announced: The Aave V4 tokenized stock liquidity pool deployed on the Base network has launched USDC deposit incentives. Users who deposit USDC can earn additional rewards on top of the base interest rate.

According to the Wall Street Journal, Iran had stored millions of barrels of crude oil on dozens of tankers to generate cash, but as of mid-October, these reserves have been completely depleted. Kpler analysts noted that the U.S. Navy's blockade has hindered Iran's ability to replenish its crude oil supplies.

According to an official announcement from Railway, the cloud deployment platform Railway detected abnormal activity in the system that stores customer environment variables. Preliminary investigations indicate that an unauthorized third party may have accessed encrypted environment variables and obtained decrypted content from some of those variables, which may include API keys, database credentials, and image repository credentials.Railway believes this incident is part of a recent series of attacks targeting platform companies, aimed at infiltrating AI inference service providers, and has notified upstream service providers to proactively revoke keys. Currently, Railway has suspended all deployments and recommends that all users immediately rotate the environment variables, API keys, and private repository credentials stored on the platform, and check relevant service logs.

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.