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Recently, Sun Yuchen discussed his lawsuit against the Trump family's cryptocurrency project WLFI in a conversation with Jin Ming. He clearly stated that he remains firmly supportive of President Trump's cryptocurrency policy and AI strategy, believing it to be very successful.The reason for suing World Liberty Financial is entirely a normal action for commercial investors to protect their rights. The cause stems from the project's lack of investment transparency and insufficient information disclosure, even involving allegations of fraud. The case has been formally submitted to the federal court in California and is to be decided by a federal judge, which fully complies with the operation of the rule of law in the United States.Sun Yuchen further clarified that this lawsuit will not affect his judgment of the macro trends in the United States. He continues to hold a significant position in U.S. technology stocks and is optimistic about TRX being approved for a spot ETF in the U.S., the on-chain business of U.S. stocks, as well as expectations for a stronger dollar and the continued strength of the AI industry.Sun Yuchen believes that public opinion has exaggerated and complicated this lawsuit; in fact, it is simply a "business-to-business" lawsuit. Even if the agreement's subject matter involves 400 to 500 million dollars, it does not significantly impact his overall asset portfolio.Sun Yuchen also stated that he invests with the patience of an old hunter. Once he is thoroughly optimistic and makes a significant decision, he will invest at least 4 to 5 billion dollars or more in a single transaction.

The blockchain infrastructure layer Espresso announced the completion of its mainnet upgrade. Benchmark tests show that its data throughput reaches 181 MB/s, which translates to approximately 1 million stablecoin transfers per second, based on an average of 180 bytes per transaction.The average final confirmation time for transactions is 337 milliseconds, and under peak load of 1 million transactions per second, it is 778 milliseconds.

The French Ministry of Finance, the Financial Markets Authority (AMF), the French Central Bank, and the Prudential Supervision and Resolution Authority (ACPR) jointly proposed amendments to the EU's Markets in Crypto-Assets Regulation (MiCA), requiring cryptocurrency platforms to take responsibility for customer losses when they actively provide access to DeFi protocols without reviewing the protocols or ignoring known security risks.The French side proposed that platforms review relevant protocols before providing DeFi access and continuously monitor for vulnerabilities and suspicious activities, while also supporting the certification of protocols and smart contracts. These requirements will apply comprehensively to significant Crypto Asset Service Providers (CASP), with smaller platforms subject to proportionately adjusted obligations. France also proposed transferring the regulatory authority of significant CASPs from national regulators to the European Securities and Markets Authority (ESMA) and lowering the current EU daily active user threshold of 15 million. Additionally, France suggested re-examining the category of Asset-Referenced Tokens (ART) and adjusting the Electronic Money Token (EMT) framework to cover multi-currency stablecoins.

According to Caixin, Liu Jun, President of the Industrial and Commercial Bank of China, stated at the first Digital Renminbi Annual Conference held during the 2026 Financial Street Forum Annual Meeting that while digital technology promotes the development of the digital economy, it also brings changes to the currency trust mechanism. Data, algorithms, and programmability are beginning to participate in the generation and transmission of credit, with trust shifting from being supported by institutional singular points to being jointly supported by institutions and technology. However, technology can only reinforce trust, not replace it.Liu Jun mentioned that whether digital currency can become a currency is not primarily about the algorithm design itself, but rather about how credit is supported and fulfilled, and how responsibility is implemented. He pointed out that currency is transitioning from physical forms to data, moving from multi-step clearing reliant on accounts and intermediaries to synchronous payment and settlement. The way currency is realized is changing, but its attributes remain the same, still fulfilling the three functions of a medium of exchange, a store of value, and a unit of account.

Anthropic recently submitted a draft AI safety bill to U.S. lawmakers, which has been questioned by U.S. AI safety advocates. The draft sets a high threshold for the government to urgently halt dangerous models, requiring that risks involve scenarios such as biological weapons, cyberattacks, or AI going out of control, and potentially causing more than 50 deaths or serious injuries, or losses exceeding $1 billion; some provisions may also limit state government regulatory authority.Nathan Calvin, the strategic head of the AI safety organization Encode, subsequently compiled Anthropic's decisions over the past year. In February of this year, the company modified its previously strict safety policy: it had previously committed to pausing training or releases if safety measures did not keep pace with model capabilities, but the new policy no longer requires the company to independently halt R&D at higher risk stages, citing that competitors might take advantage of the opportunity. During the same period, the company invested heavily in computing power, formed a chip team, and allowed Claude to take on more AI R&D tasks.On October 21, Anthropic CEO Dario Amodei posted a lengthy rebuttal on X. He acknowledged that the company had made some mistakes but insisted that competing for cutting-edge AI capabilities did not violate its safety mission, stating that the company adheres to a race-to-the-top approach, believing that only by staying at the forefront of technology can it drive the industry to raise safety standards. He listed nine safety decisions that had cost the company commercially, including restricting the Mythos-level model's open access for months and strictly limiting biology-related requests. The safety roadmap updated by the company on October 19 states that existing policies mainly target the deployment of dangerous models, and in the future, it may be necessary to directly limit the speed of R&D, with plans to propose relevant policy options by January 15, 2027, or explain why none were proposed.

According to market news, the ransomware/disclosure organization FulcrumSec publicly claimed to have continuously stolen about 10.6 TB of data from PingCAP's managed database service TiDB Cloud and released about 200 GB of the first phase sample.PingCAP issued a statement acknowledging that "some internal operational data" was accessed without authorization, but emphasized that it does not involve product vulnerabilities and will not affect the security of customer databases and business data. Companies such as Bitget and Baidu have collaborated with this data company.

The spokesperson of the Ministry of Foreign Affairs, Mao Ning, hosted a regular press conference. A reporter from AFP asked whether the U.S. government has requested federal agencies to stop using Chinese artificial intelligence products like DeepSeek, citing concerns about the potential transfer of sensitive data, and inquired about China's comments.Mao Ning stated that China has always opposed the generalization of the concept of national security and the politicization of technological and economic issues, and will firmly safeguard the legitimate rights and interests of Chinese enterprises. Previously, the U.S. government prohibited civilian agencies from using DeepSeek products.

The American Blockchain Association stated that it has submitted comments on the proposed implementation rules for Section 3 of the GENIUS Act by the U.S. Department of the Treasury. The association recommends clarifying the scope of "digital asset service providers" to exclude self-custody software, validators, and businesses that only trade their own assets; regarding criminal liability for participating in the illegal issuance of stablecoins, it should be based on actual knowledge and substantial assistance coordinated with the issuer.The association also suggested that trading platforms could determine the compliance of foreign stablecoins based on the official issuer list and trading bans, and adjust the criteria for determining user locations in unlicensed agreements.

According to the market intelligence platform Liquid247.xyz, the Hyperliquid address 0x7fdafd...17d1 currently holds a short position of 16,880.69 ETH, with a nominal value of 41.0251 million USD; at the same time, it holds a short position of 281.793 BTC, with a nominal value of 23.3088 million USD.At the time of publication, ETH is quoted at 2,430.30 USD, and BTC is quoted at 82,716 USD.

According to the Gate Launchpool page, there are currently four projects underway: DNA, BLKHION, CT, and GT, offering various asset staking options.Among them, DNA is the first project, with a total reward of 2,800,000 DNA. The APR for the ETH, BTC, and DNA pools is 7.25%, 6.24%, and 218.90%, respectively. The total reward for the BLKHION project is 30,400 BLKHION, with the APR for the USDT, BLKGRWON, and MAG7XON pools being 5.15%, 147.62%, and 97.56%, respectively.Meanwhile, the total reward for the CT project is 1,000,000 CT, with the APR for the USDT, CT, and GT pools being 5.10%, 65.82%, and 2.48%, respectively. The total reward for the GT project is 18,400 GT, with the APR for the ETH and BTC pools being 6.83% and 4.51%, respectively.

According to The Block, Nasdaq-listed company OpenWorld (stock ticker: OPNW) has signed a merger agreement to acquire the AI agency Blocksight.Blocksight's AI agency is expected to serve as the operational layer for OpenWorld's recently announced tokenized financing plan, responsible for transaction structure design, asset verification, and daily reporting, with the total financing plan amount exceeding 1.1 billion dollars.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "LoL: Karmine Corp vs MVK Esports - World Championship Qualifiers," the option "Karmine Corp" in the sub-market "Game 1 Winner" has experienced a dramatic fluctuation in winning probability, soaring from 74.5% an hour ago to the current 90.5% (a fluctuation of 16%). Please note the impact of related breaking news.

Binance founder Zhao Changpeng responded to community user Spigg regarding the suggestion to launch a BNB phone, stating that he rarely disagrees with Spigg but holds a reserved attitude towards the idea of "walking around with a cryptocurrency phone."Previously, Spigg had proposed launching a BNB phone that natively supports wallets, instant payments and transfers, and can centrally access dApps in the BNB Chain ecosystem, believing that this model would provide a different experience on the BNB Chain.

Recently, there has been a viewpoint in the community that a 20% correction in the US stock market would trigger Bitcoin to plummet to $10,000. Crypto analyst Darkfost published an analysis indicating that if Bitcoin falls to $10,000, it would represent a decline of about 87% from the current price and a retracement of about 92% from its historical peak. Historically, Bitcoin has only experienced a maximum retracement of over 92% in 2011; the maximum retracements in 2015, 2019, 2022, and 2026 were 82.5%, 82.6%, 74.4%, and 54.2%, respectively.Darkfost further pointed out that during a correction of about 19.53% in the S&P 500 index, Bitcoin fell by about 80% in 2018. However, in April 2025, when the S&P 500 index also corrected by over 19%, Bitcoin only dropped by about 22%. Therefore, directly linking a 20% correction in the US stock market to Bitcoin falling to $10,000 lacks sufficient historical data support.

Michael Saylor, the founder of Bitcoin Strategy Company, responded to Bloomberg's interview regarding the possibility of MSCI's new index rules excluding MSTR. He stated that this move is not very important for Strategy, as the scale of funds they control is relatively small, but he is disappointed with MSCI's stance so far. Oil, natural gas, land, and machinery are all considered capital, while Bitcoin is not. This is a value judgment and actually reflects a bias against digital assets. They are like unregistered financial advisors, setting a "bad precedent" for the entire industry, and he hopes they will reconsider. Digital assets represent the future; MSCI may not want to participate in this future, but investors will not agree, and neither will the United States. If MSCI abandons the proposal to exclude MSTR, it would benefit the entire industry.Regarding the core controversy of whether Strategy belongs to companies with actual operating businesses, Michael Saylor compared it to banks and insurance companies. He believes these financial institutions sell credit and policies, while Strategy supports digital credit products with Bitcoin. Therefore, Strategy is an operating enterprise and should be viewed like other financial companies.

Ledger CEO Pascal Gauthier responded to former Mt. Gox CEO Mark Karpelès' warning about the security risks of hardware implants, questioning his stance and stating that Ledger has always done its utmost to protect users.Pascal Gauthier stated that the relevant security work is extremely challenging, acknowledged Karpelès' concerns on the matter, but urged him to speak based on known facts and avoid speculation, while also sarcastically saying, "Come on, you're not some white knight, be realistic."Previously, Mark Karpelès accused Ledger of potentially avoiding over $90 million in losses if they had disclosed related issues more timely and effectively, rather than just publishing a discreet article on Ledger Academy. He also questioned why Ledger had not maintained sufficient vigilance regarding the mass production of advanced implant devices.

According to Catcher Predict monitoring, in the market prediction event on Polymarket "LoL: MVK Esports vs FURIA Esports - World Championship Qualifiers", the "MVK Esports" option in the sub-market "Game 4 Winner" has experienced a dramatic fluctuation in winning probability, rising from 48.5% an hour ago to the current 73.5% (a fluctuation of 25%). Please note the impact of relevant breaking news.

According to Philippine crypto media BitPinas, in response to CoinDesk's previous report regarding Coinsph facing the risk of license revocation due to alleged involvement in offshore betting transactions, the Philippine crypto trading platform Coinsph stated that its virtual asset service provider (VASP) license under Betur Inc. and the electronic money issuance (EMI) license of DCPay Philippines are currently both valid, and it denies providing services to non-compliant offshore betting operators.Coinsph stated that the restrictions imposed by the Philippine central bank only involve fiat currency top-ups to DCPay through InstaPay and PESONet, while cryptocurrency trading, withdrawals, and other payment services are still operating normally. The company also acknowledged that the central bank has requested it to improve its internal control measures and is currently cooperating with regulatory requirements. The Philippine central bank declined to comment on specific regulatory matters.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Dota 2: Royal Bear vs Xipto Esports - DreamLeague Southeast Asia Closed Qualifier Playoffs," the "O/U 4.5 games" sub-market's "Over" option win rate has experienced significant fluctuations, dropping from 50% an hour ago to the current 31.5% (a fluctuation of 18.5%). Please note the impact of related breaking news.

Binance founder Zhao Changpeng responded on the X platform regarding the recent mass deletion of old tweets, stating that he was merely testing an AI tool to clean up past retweeted content and did not delete any original posts, so there is no need for the outside world to overinterpret.