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The messaging protocol XMTP founder Shane Mac stated that XMTP will evolve into a self-operating open-source messaging stack, providing private conversations between people and agents, with infrastructure controlled by users, without requiring tokens or wallets. The network hosted by XMTP Labs will shut down in early 2027.Shane Mac mentioned that he founded XMTP five years ago because he believed that private messaging should not be owned by a single company. He recalled that the team envisioned using wallets as cross-application identities, allowing messages to follow identities, and using tokens to pay infrastructure operators, but this path was not realized. XMTP has never issued tokens and will not issue them now. He admitted that it was a wrong decision to persist with a single shared network for a long time, as developers have consistently requested the ability to self-host XMTP. Therefore, it has shifted to self-hosting, allowing developers to use, inspect, modify, and maintain the entire software suite without relying on Labs. Former employees will assist in maintaining the protocol, and Shane Mac himself will continue to be involved.The article introduces that self-hosted XMTP offers quantum-resistant end-to-end encryption, private one-on-one and group chats, encrypted identities, and message authenticity, as well as SDKs for mobile, web, server, and agents. Chief Technology Officer Nick Molnar has simplified the backend to a single Rust binary and integrated attachments, push notifications, handles, and signed webhooks for new messages. Each self-hosted network does not automatically interconnect by default, and agents from different tools must connect to the same backend to share conversations.

According to on-chain analyst Ai Yi's monitoring, since the end of September, a certain whale has increased its long position in ETH by 9,000 coins, lowering the average long price to $2,553.31.A certain whale has collateralized 18,500.54 WETH on Aave, worth $45.53 million, and borrowed $25.01 million in stablecoins, with a health ratio of 1.51. Since September 29, this whale has withdrawn 12,549.9 ETH from Binance through this method, worth $32.04 million, during which it has averaged down from $2,736.47 to $2,460.

Tesla announced its third-quarter performance for 2026. The quarterly revenue was $28.046 billion, essentially flat year-on-year; the net profit attributable to common shareholders was $787 million, a decrease of about 43% year-on-year. GAAP diluted earnings per share were $0.22, down from $0.39 in the same period last year. Operating profit decreased by about 56% year-on-year to $718 million, with an operating profit margin of 2.6%, down 3.2 percentage points year-on-year. The company stated that increased R&D and other operating expenses, reduced regulatory credit income, and declining gross margins in the energy business put pressure on operating profit, with operating expenses rising by about 39%.Overall GAAP gross margin rose to 19.6%, an increase of about 1.6 percentage points year-on-year, and also higher than the previous quarter. The automotive gross margin, excluding regulatory credits, was about 18.1%, improving compared to the previous quarter and the same period last year. The number of vehicle deliveries for the quarter was 486,500, a decrease of 2% year-on-year; production was 464,400 vehicles, an increase of 4% year-on-year. Revenue from the automotive business decreased by about 3% year-on-year, while revenue from energy generation and storage decreased by about 16%, and service and other revenue grew by about 33%.Operating cash flow for the third quarter was $6.263 billion, and free cash flow was $1.531 billion, down from $3.990 billion in the same period last year. The company stated that battery supply continues to limit the increase in vehicle production; mass production of the Semi has started in Nevada, and production of Optimus has begun in Fremont, while Cybercab has been put into operation in the Austin Robotaxi fleet. According to BIT market data, SPCX fell 3.32% in after-hours trading.

Galaxy Research Research Director Alex Thorn stated that since the second half of October, Bitcoin returns have been primarily driven by the Asian trading session, while the European trading session has dragged down overall performance.The chart he shared shows that as of October 20, calculated from October 1, the cumulative return of Bitcoin during the Asian trading session was 3.9%, 1.1% during the U.S. trading session, and -5.5% during the European trading session; the return for buying and holding all day during the same period was -0.7%.

According to Bloomberg, the Milan prosecutor's office stated that Italian authorities are conducting arrest operations against 30 individuals suspected of operating a mafia-linked underground bank. This network is alleged to have transferred approximately 68 million euros abroad and used cryptocurrency to launder illegal funds.The operation extends to Spain, where local police are executing European arrest warrants, and Swiss authorities are also seeking to apprehend another suspect. The prosecutor's office claims that the network is based around a car rental company near Milan, using shell companies to issue false service invoices, helping involved businesses in construction, logistics, and other industries reduce taxable income. After companies made payments via bank transfers, the network deducted commissions and returned the funds in cash.Funds in the shell company accounts were transferred to banks in Luxembourg, Lithuania, and Germany, and then entered digital wallets allegedly controlled by the organization through cryptocurrency exchanges. Investigators identified over 110 million euros in false invoices and found that the network also handled drug trafficking proceeds and funds from victims of online cryptocurrency investment scams.

According to The Wall Street Journal, Musk ordered to slow down the service speed of "Starlink" in the Ukraine region.

According to Gate market data, U.S. stocks opened lower, with the Dow Jones down 0.04%, the S&P 500 index down 0.22%, and the Nasdaq down 0.49%. SK Hynix fell 3%, SanDisk fell 1.7%, Micron Technology fell 1.9%, Western Digital fell 0.9%, Apple fell 0.8%, and General Motors fell 6%.

According to Gate market data, European stocks opened lower, with the Italy FTSE MIB Index, Germany DAX Index, UK FTSE 100 Index, and France CAC40 Index all dropping over 1%, and the Europe STOXX 50 Index falling by 0.96%.

According to Gate quotes, the two giants of Hong Kong stocks fell together, with Zhipu (02513.HK) dropping over 5%, and the stock price falling below 500 Hong Kong dollars; MINIMAX-W (00100.HK) fell 6.5%.

The entertainment application chain Sophon officially announced that the team plans to finally shut down the Sophon mainnet on November 30, 2026. Key infrastructure and related websites will begin to shut down after November 25. Assets remaining on the Sophon Chain after the deadline face the risk of permanent inaccessibility.

BlackRock, the world's largest investment management firm, submitted an application to the SEC on Monday to launch the iShares Bitcoin Managed Protect ETF. According to the filing, the fund aims to provide investors with upside returns from the iShares Bitcoin Trust ETF (IBIT) and similar Bitcoin exposure while seeking to offer a certain degree of downside protection.The iShares Bitcoin Trust, managed by BlackRock, currently has assets under management exceeding $65 billion, making it the largest Bitcoin ETF in its category. BlackRock launched IBIT in January 2024 and introduced the iShares Bitcoin Premium Income ETF in June of this year, which aims to provide investors with Bitcoin exposure while generating monthly options premium income.Bloomberg Intelligence analyst James Seyffart noted on the X platform that this is BlackRock's third Bitcoin ETF application, and its product line currently only covers Bitcoin and Ethereum, without venturing into other crypto assets. In recent years, other companies have launched ETFs tracking assets such as XRP, SOL, and DOGE.

The Bitcoin infrastructure protocol Echo Protocol announced on platform X that it will gradually terminate the operation of the protocol due to business adjustments. The official announcement expressed gratitude to the community, partners, and users for their long-term trust and support, and committed to completing the subsequent liquidation work transparently and responsibly.Currently, all core businesses of the Echo Protocol have fully stopped accepting incremental funds. The lending protocol has halted new deposits, new loans, and interest accrual, while the strategy and LSD businesses have also ceased new deposits and new pledges.The official has now opened repayment, withdrawal, and necessary asset liquidation channels, urging users to take action as soon as possible: lending users should repay debts, release collateral, and withdraw assets promptly; strategy and LSD users should initiate exits and claims as early as possible; users holding aBTC can continue to use the Aptos-to-B² cross-chain bridge for redemption.To ensure an orderly liquidation process, the announcement specified key timelines. All borrowers with outstanding debts must complete repayments by November 14, 2026, or face collateral liquidation, with the proceeds used to repay lenders. The final deadline for users to make repayments, withdrawals, and release pledges is November 19, 2026, at 23:59 (UTC).After this, the Echo Protocol will officially cease operations, and all remaining positions will enter the final liquidation and settlement process, with the platform only retaining the redemption service of the Aptos-to-B² cross-chain bridge. Since LSD and Strategy assets depend on the request time for underlying pledges/unpledges, the actual time users can claim will be affected by this factor.

Stan Kladko, co-founder of SKALE Labs, announced on X to the SKALE community that he has stepped down from his position as Chief Technology Officer and board member of SKALE Labs, which he co-founded in 2017, but he will continue to serve as a member of the SKALE Foundation board. He expressed the desire to clarify the actions he is requesting from the foundation and believes the community should be involved in the discussion.Stan Kladko stated: SKALE is a protocol that relies on a small team of engineers who are responsible for developing, debugging, and maintaining the network online over the long term. These individuals have the best understanding of the boundaries of what is technically feasible and infeasible, but currently, there are no builders on the foundation's board. He believes that a protocol foundation without builders involved will make decisions on matters such as the roadmap, funding, and network economics, but will lack the necessary people to implement those decisions. He mentioned that successful protocols, from Ethereum to Cosmos, always involve engineers in discussions about long-term direction.The proposal put forward by Stan Kladko is to expand the foundation's board by three seats, to be filled by individuals with a strong background in software and protocol engineering. He stated that this proposal has been formally submitted to the foundation, and updates will be shared as they can be disclosed. He called for those who agree that building SKALE should participate in governance, and validators, delegators, application teams, and token holders can publicly express their stance, stating that he will continue to build SKALE.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the address 0xF4B...496eb withdrew 1,417.77 ETH (approximately 3.78 million USD) from Binance between September 19 and 23, with an average holding price of about 2,667.77 USD.8 hours ago, the address deposited all ETH back to the exchange, with a deposit price of 2,364.18 USD. If sold at this price, the assets would shrink by about 11.38%, with an expected loss of approximately 430,000 USD.

According to Bloomberg, storage chip manufacturer Kioxia Holdings (TSE code 285A) is facing further downward pressure on its stock price. Investors previously borrowed funds to bet on a rise in the stock price and accumulated positions, which may now need to be sold at a loss.As of October 15, the company's outstanding leveraged long positions amount to approximately 920 billion yen (5.8 billion USD), the largest among all listed companies on the Tokyo Stock Exchange, according to data from the exchange. Trading activity has decreased as the stock price has fallen, with transaction volume dropping by 84% from its peak, falling to 766 billion yen on Friday, and some credit traders face the risk of being forced to close positions at prices below their purchase price.

Patrick Witt, the Executive Director of the White House Presidential Digital Asset Advisory Committee, announced his departure from government service to return to the private sector. He made this decision public last week, and the White House has not yet announced a new head of cryptocurrency policy, with a successor still undetermined.Previously, Harry Jung and Bo Hines had also left the committee. White House officials stated that cryptocurrency policy and the Digital Asset Market Clear Act will remain a focus of the Trump administration, but the personnel vacancies have raised concerns about the momentum of policy advancement.As the midterm elections approach next month, the administration is still advancing rule-making in the digital asset space. After the new Congress is sworn in in 2027, cryptocurrency legislation will require coordination from a White House liaison, with tax legislation expected to proceed ahead of market structure reforms; if the Democrats flip the House of Representatives, the congressional landscape may also bring new variables. Meanwhile, the rule-making efforts of agencies such as the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, and the Department of the Treasury will continue.

European Central Bank President Christine Lagarde stated that the sell-off in the bond market has led to an increase in borrowing costs in the Eurozone, which has hindered economic growth and ultimately suppressed inflation. She pointed out that tightening financing conditions and rising long-term interest rates will slow down economic growth and weaken the transmission effect of prices.