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According to monitoring by Arkham, the address marked as the Polygon multi-signature wallet "0xFA5" has transferred a total of 52,928,000 POL to the staking contract address, valued at approximately 4.82 million USD.Market analysis suggests that the recent increase in Polygon staking activities is related to the rise in APY, which may also provide some support for POL and alleviate its downward price pressure.

According to the market information platform Liquid247.xyz, the current price of BTC is $80,646. The thickest order book is on Coinbase spot: sell orders amount to $33,169,300, and buy orders amount to $18,516,800, with sell orders exceeding buy orders by $14,652,500.Binance spot, OKX perpetual, and Hyperliquid perpetual sell orders are also thicker than buy orders, but the scale is not as large as Coinbase spot. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 52, up 1 point from yesterday. The average over the past 7 days is 57, and the average over the past 30 days is 64.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,379.10. The current thickest order book is on Coinbase spot: buy orders at $13,725,900, sell orders at $10,238,800, with buy orders exceeding sell orders by $3,487,100.The Binance spot buy orders are also thicker than sell orders, but the scale is smaller than that of Coinbase spot. If a large buy or sell order suddenly appears, the exchanges with thinner order books will be affected first, and the price fluctuations will be more pronounced.

According to SoSoValue data, yesterday (Eastern Time October 23), the total net inflow of the ZEC spot ETF in the United States was $20.5196 million, and the total net inflow of the NEAR spot ETF was $990,000.In the ZEC spot ETF, only the Zcash ETF (ZCSH) achieved a net inflow, with a daily net inflow of $20.5196 million, bringing the historical cumulative net inflow to $204 million. As of the time of publication, the total net asset value of the ZEC spot ETF was $707 million, with a ZEC net asset ratio of 3.38%.In the NEAR spot ETF, only the Bitwise NEAR ETF (NRR) achieved a net inflow, with a daily net inflow of $990,000, bringing the historical cumulative net inflow to $8.82629 million. As of the time of publication, the total net asset value of the NEAR spot ETF was $8.33859 million, with a NEAR net asset ratio of 1.32%.

According to Catcher Predict monitoring, in the Polymarket event "Pelicans vs. Jazz," the sub-market "Jeremiah Fears: Rebounds O/U 2.5" saw a dramatic fluctuation in the "Yes" option's winning probability, soaring from 29% an hour ago to the current 54% (a fluctuation of 25%). Please note the impact of related breaking news.

As of the week ending October 20, leveraged funds increased their net short positions in euros by 1,305 contracts, reaching 94,100, the highest level since March 2020, corresponding to short bets of approximately 11.8 billion euros.The turmoil in French politics, debt pressures, and escalating protests have heightened market concerns, dragging down the euro's performance. The euro fell 0.4% against the US dollar this week.

Cboe Clear U.S., a subsidiary of the Chicago Board Options Exchange (CBOE), has received approval from the U.S. Securities and Exchange Commission (SEC) to expand its clearing business scope.

According to official news, YZi Labs announced the launch of the first phase of the Atlas Scout program, recruiting four students from Stanford University, Yale University, the University of California, Berkeley, and the University of California, Los Angeles, to participate in early investment projects in the fields of Web3, artificial intelligence (AI), and biotechnology.The program aims to allow outstanding university students to gain early exposure to venture capital, participate in project discovery, preliminary research, due diligence, and investment judgment, and encourage them to organize entrepreneurial communities on campus and explore investment opportunities. YZi Labs will provide a maximum of $1 million in intended investment for related investment opportunities in this program and open its ecosystem network composed of over 300 portfolio companies.YZi Labs stated that many potential entrepreneurs often begin their explorations in laboratories, open-source projects, campus entrepreneurial organizations, and technology communities before entering traditional financing channels, and their peers who learn and work with them usually discover their potential earlier. The Atlas Scout program hopes to leverage students' own campus networks to help these early entrepreneurs obtain capital, mentorship, and industry resources. Eligible entrepreneurial teams will also have the opportunity to connect with YZi Labs' EASY Residency program or further discuss investment collaboration.The Atlas Scout program not only expands financing and resource channels for early entrepreneurs but also allows participating students to accumulate venture capital experience through practical projects, enhancing their project evaluation, founder communication, and investment judgment skills.YZi Labs stated that Scouts can independently carry out campus activities based on their interests, such as organizing technical exchanges, gathering entrepreneurial teams, or discovering potential investment projects, while receiving guidance and ecosystem resource support from YZi Labs in the process. The program aims to establish connections before entrepreneurial projects gain widespread attention, allowing initial ideas on campus to have the opportunity to develop into actual projects, while cultivating a new generation of investors who can identify technological trends and entrepreneurial potential earlier.

The U.S. Securities and Exchange Commission (SEC) announced the inspection priorities for the fiscal year 2027, continuing to conduct risk-oriented inspections of over 34,000 registered entities, focusing on investment advisors, funds, brokers, clearing agencies, and other market participants.The SEC stated that the fiscal year 2027 will focus on the fiduciary duty and conflicts of interest of investment advisors, retail investor protection, private funds and private credit, brokers' anti-money laundering and transaction supervision, operational resilience, and cybersecurity, among other areas. Emerging technologies and market infrastructure are also listed as priorities.Among these, the SEC will pay attention to the impact of advanced technologies, including "superintelligence," on market operations, compliance, fraud prevention, and investor protection, while also assessing the risks brought by government bond clearing reform, tokenization, and related changes in market structure.

Bitwise released a report indicating that Bitcoin is currently holding resiliently around $82,000, a price level close to the spot ETF holding cost. Key support levels below include the short-term holder cost price of approximately $74,800 and the real market average of about $77,600. The former can serve as a reference for judging the short-term market direction, while the latter corresponds to the price level at which half of the invested capital in the market is in profit or loss. The price range formed by these two points may become the dividing line between bulls and bears.The trading range for Bitcoin over the past 30 days and 60 days has narrowed to 1.8% and 3.0%, respectively, with the implied volatility at-the-money for each term also approaching the lower end of the distribution range over the past three years. Among them, the 3-month and 6-month implied volatility are at the 0.8 and 0.2 percentiles of historical distribution, indicating that the market's pricing for future volatility has dropped to extremely low levels.So far this week, net inflows into U.S. Bitcoin spot ETFs have reached $1.074 billion, rising in sync with the cumulative trading volume of the spot market, providing support for Bitcoin prices and offsetting some macro pressures. However, realized profits in the market have also increased, particularly among long-term holders. Meanwhile, the net position change indicator for long-term holders is negative, suggesting they may be in a distribution phase, which could be one reason for the ongoing consolidation of Bitcoin prices.

AI chip company Cambrian (688256.SH) announced that its operating revenue for the third quarter was 3.531 billion yuan, a year-on-year increase of 104.47%; the net profit attributable to shareholders of the listed company was 1.404 billion yuan, a year-on-year increase of 147.74%.The announcement showed that the company's operating revenue for the first three quarters was 9.526 billion yuan, a year-on-year increase of 106.76%; the net profit attributable to shareholders of the listed company was 3.715 billion yuan, a year-on-year increase of 131.49%. The performance change was mainly due to the company's continuous market expansion and active support for the implementation of artificial intelligence applications. The Science and Technology Innovation Board Daily noted that the company's net profit for the second quarter was 1.298 billion yuan, based on which the net profit for the third quarter increased by 8% quarter-on-quarter.

According to Bloomberg data, the expected price-to-earnings ratio of South Korea's KOSPI index for the next 12 months has fallen to 4.2 times, becoming the first trillion-dollar market on record to drop below the 5 times threshold. Among the 18 markets with a market capitalization exceeding 1 trillion dollars at the beginning of this year, this situation has never occurred with a benchmark index before.The cooling of the AI boom has triggered a sell-off in technology stocks, putting pressure on the South Korean stock market. Although South Korea's exports are approaching 1 trillion dollars, the demand for chips from SK Hynix and Samsung Electronics remains strong, but investors are still unwilling to pay higher valuations for the earnings of related companies. The valuation of the South Korean stock market is now close to that of the Indonesian market, which is facing the risk of an MSCI downgrade, with the discount level further widening. Bloomberg comments that extremely low valuations may create space for future valuation recovery. If sentiment turns, South Korean stocks are expected to outperform other markets in the short term, but it is uncertain when the recovery will start and whether there will be further declines; a low price-to-earnings ratio itself does not mean that it has already hit bottom.

On October 23, the Central Cybersecurity and Informatization Commission issued the "National Informatization 14th Five-Year Plan." The plan proposes that by 2030, significant progress will be made in our country's informatization, with its role in promoting Chinese-style modernization becoming more prominent. The information infrastructure will consolidate and expand its leading advantages, a three-dimensional network system encompassing land, sea, air, and space will be basically formed, a new generation of communication networks will be fully established, the commercial use of the sixth generation of mobile communication (6G) will be launched in a timely manner, and the national blockchain network will be basically established, with intelligent internet development accelerating.The plan also states that the innovation capability of cybersecurity technology will be significantly enhanced, the technological innovation system will be more complete, and breakthroughs will be achieved in key core technologies in key areas. The cybersecurity industry ecosystem will prosper and develop, with deep integration of digital technology and the real economy, and the comprehensive strength of cybersecurity enterprises will be significantly enhanced. The level of digital, networked, and intelligent applications in economic and social development will reach a new level, empowering economic and social development and significantly improving governance capabilities. Cybersecurity guarantees will be solid and powerful, the legal and regulatory standards system will be more complete, and the concept of a community with a shared future in cyberspace will be deeply rooted in people's hearts.

According to the latest episode of the Gatecast podcast, Gate founder and CEO Dr. Han shared the product philosophy and future plans of Gate Money. He stated that Gate is extending years of accumulated experience into the fields of asset management and daily payments, reaching a broader user base, with the goal of doubling the user scale of Gate Money in the next one to two years.Leveraging the technical systems, institutional clients, and market-making liquidity accumulated from years of trading operations, Gate supports the exchange between various types of assets; relying on a global licensing layout and partnerships with banks and payment networks, Gate Money creates conditions for users' fund collection, payment, and consumption applications. These capabilities collectively form the operational foundation of Gate Money, enabling the platform to reduce exchange and fund circulation costs in different usage scenarios.Through various capabilities such as holding, exchanging, appreciating, and paying, Gate Money connects multiple types of assets with life needs. Dr. Han illustrated the consumption use of assets beyond investment by using the example of "buying coffee with stocks." In eligible regions, users can open bank accounts in their own names, using familiar payment methods, with transfers processed by underlying blockchain technology; idle funds can also participate in appreciation through yield products.Looking ahead, Dr. Han also shared the application prospects of AI Agent providing round-the-clock assistance in asset allocation and fund management. With the integration of investment, wealth management, and daily payments, Gate Money will continue to expand the application boundaries of various assets, promoting Gate's services deeper into more everyday life scenarios.

Research institution Tiger Research researcher Ryan Yoon released the final report of the prediction market series, discussing whether prediction markets have practical utility. The report states that participants bear the judgment results with funds, and prices are updated in real-time with new information, forming probability distributions comparable to traditional polls, expert surveys, and economic forecasts; prediction markets have expanded from sports and election predictions to macroeconomic and geopolitical data infrastructure.The report lists that Google Finance, CNBC, CNN, and The Wall Street Journal have displayed prediction market probabilities, and the parent company of the New York Stock Exchange, Intercontinental Exchange, along with the electronic bond trading platform Tradeweb, distributes relevant data to institutional clients. A working paper from the Federal Reserve Board describes the prediction market Kalshi as a high-frequency, continuously updated benchmark with rich information distribution. The paper states that Kalshi's median and mode predictions for the federal funds rate recorded perfectly the day before the FOMC meeting and significantly outperformed federal funds futures during that period; compared to Bloomberg consensus, it is more accurate for overall CPI and statistically similar for core CPI and unemployment rate.The report also cites research from the Iowa Electronic Markets: in five U.S. presidential elections from 1988 to 2004, and in a comparison of 964 polls, it was more accurate in 74% of cases; the average voting share error one week before the election was 1.5 percentage points, lower than Gallup's final poll of 2.1 percentage points. The report suggests that the platform needs to deepen liquidity to resist manipulation, communicate with regulatory agencies, and position itself as a monitoring tool while maintaining open transparency and data supported by independent research.

The artificial intelligence company Anthropic plans to go public as early as mid-November, with market discussions giving it an IPO valuation of about $1.5 trillion, approximately 55% higher than the $965 billion valuation from financing in May this year. Based on this potential valuation, Spark Capital invested $75 million in 2023, with a stake now valued at around $10.9 billion, having a valuation of about $5 billion that year and securing a board seat, making it the only known venture capital firm with a board seat. After an initial investment of $35 million, Sound Ventures added $400 million, co-founded by Guy Oseary and Ashton Kutcher, entering the market in 2023, with a stake valued at several billion dollars. Menlo Ventures has invested over $1 billion in total, with a stake valued at about $21.8 billion, including a $500 million Series D round, entering the market for the first time in May 2023.Iconiq entered the market in 2025, investing over $6 billion in total, with a stake potentially valued at around $26.4 billion, with the valuation reaching $183 billion at the time of its first investment. Sequoia Capital began investing this year, with a total of about $3 billion, holding approximately 1% of the shares, valued at about $15 billion, having previously invested in OpenAI and xAI. The Singapore sovereign wealth fund GIC made its first investment in 2025, accumulating over $4.5 billion, holding about 1% of the shares, valued at around $15 billion. Former Google CEO Eric Schmidt invested tens of millions of dollars in 2021, holding about 1% of the shares, valued at around $15 billion.FTX invested $500 million in 2021, initially holding 13.56% of the shares, which diluted to 7.84% in 2024. After bankruptcy liquidation, it sold all its shares, recovering about $1.3 billion, with actual earnings around $800 million. Based on the undiluted 7.84% and the $1.5 trillion valuation, the theoretical value is about $117.6 billion, approximately $116.3 billion higher than the actual selling price, with calculations not accounting for subsequent financing dilution. In 2024, FTX sold all its Anthropic shares in batches, with the first batch involving about $884 million in transactions with 24 buyers. The Abu Dhabi sovereign wealth fund Mubadala's affiliate ATIC bought about $500 million, Jane Street purchased $100 million, and a Fidelity fund bought $45 million. Lightspeed holds less than 2%, and Google, Amazon, NVIDIA, Microsoft, as well as Founders Fund, Coatue, Altimeter, and others have also invested, but public holding data is not complete enough to accurately calculate returns for each.

Amira Valliani, the Head of Payment Growth at the Solana Foundation, stated that there are tokens in both the cryptocurrency and artificial intelligence fields, and tokens are merely a machine-readable format of assets.She believes that in the next 10 years, it will become evident that any asset can become a token.

Financial Associated Press, October 22 - China Telecom (601728.SH) announced that its operating revenue for the third quarter was 121.089 billion yuan, a year-on-year decrease of 3.01%; the net profit attributable to shareholders of the listed company was 6.620 billion yuan, a year-on-year decrease of 14.65%.The announcement showed that the operating revenue for the first three quarters was 380.099 billion yuan, a year-on-year decrease of 3.59%; the net profit attributable to shareholders of the listed company was 26.207 billion yuan, a year-on-year decrease of 14.84%. In the first three quarters of 2026, the company fully implemented the strategy of transforming cloud into data and then into intelligent benefits, maintaining stable operational performance.The company stated that it adheres to the main line of Token management, accelerates the creation of a leading AI service provider, moderately advances the construction of a new generation of communication networks and computing power networks, continuously upgrades the Star TokenHub platform, and experiences rapid growth in daily Token usage, promoting the accelerated implementation of "Smart Cloud Cities," and launched the Star Super Intelligent Agent TeleAgent.