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GMGN co-founder Haze stated that GMGN's self-developed cross-chain bridge is currently undergoing a small-scale rollout test, focusing on ensuring the speed, security, and stability of transactions.Haze mentioned that after this feature goes live, users will be able to directly use USDC within the GMGN App to purchase tokens on multiple blockchains.

Recently, Sun Yuchen discussed his personal communication and life strategy role models in a conversation with Jin Ming, stating that he does not simply imitate one person, but is a "hybrid mix" of Elon Musk, Donald Trump, and Warren Buffett.Sun Yuchen mentioned an interesting coincidence that all three are alumni of his alma mater, the University of Pennsylvania. As he integrates the strategies of these three individuals, the outside world has begun to jokingly refer to the emergence of a "fourth giant," namely Sun Yuchen himself. In terms of specific strategy breakdown, he stated that his investment and risk control fully absorb the value investment philosophy that Buffett and Munger emphasize on fundamentals, bringing an old-school playbook into the crypto space, which instead creates a dimensional advantage.In terms of business growth and communication, Sun Yuchen pointed out that Musk compensates for Buffett's shortcomings in technology narratives and expectation-driven approaches, forming a dual drive of fundamentals and high-tech high growth. Regarding personal branding and communication, he mainly draws inspiration from Trump, even admitting that he initially learned spoken English by following Trump's show "The Apprentice."Sun Yuchen also shared an interesting anecdote, stating that there is actually a "mutual disdain law" among these three. For example, when he once suggested to Buffett during dinner that he acquire Tesla during its low point, Buffett declined, as he believed that if a company is too disruptive and full of "surprises," it does not align with his investment style.

The U.S. Department of Commerce will allocate up to $389 million to support chip research and development.

According to Cointelegraph, Coinbase's European policy director Katie Harries wrote that the proposed cryptocurrency asset regulatory rules by the UK's Financial Conduct Authority (FCA) may require regulated platforms to execute customer orders only on trading venues authorized by the FCA, thereby restricting users' access to decentralized finance (DeFi) protocols through compliant platforms.Since decentralized protocols typically do not have entities that can apply for regulatory authorization, the relevant rules may lead to regulated platforms being unable to provide DeFi access services, effectively creating a ban. The related cryptocurrency regulatory system is expected to be implemented starting October 25, 2027.

Bitget launches the MCAT Simple Earning Coin event, where users can subscribe to MCAT with a maximum of 30% APR. The individual subscription limit is 500,000 MCAT. The subscription period is from October 22, 19:00 to November 21, 19:00 (UTC+8).

On October 22, at the 2026 World Physics AI Conference and Yushu Partner Ecosystem Conference, Yushu Technology founder Wang Xingxing stated, "I am really very afraid of wasting each day," demonstrating a strong sense of urgency regarding the acceleration of physical AI.Wang Xingxing believes that top AI models have already penetrated the mathematical world, and physical AI has also shown signs of being penetrated, with the breakthrough likely occurring in the next 1 to 2 years or 2 to 3 years. Live demonstrations showed that the Yushu robot equipped with GPT-6 could complete tasks such as painting, playing chess, and recognizing color palettes without additional training, indicating that the model can solve some planning problems. He expects that by the end of this year or next year, the robot is expected to complete tasks like organizing a room as instructed.In light of this time window, Yushu Technology officially launched the "Yuchuang Plan," opening recruitment for embodied intelligent entrepreneurs with core technologies, aiming to incubate over 200 ecological enterprises in the next five years. Wang Xingxing also pointed out that after the breakthrough point of physical AI, robot hardware needs to reach a scale of producing tens of millions of units annually, and emphasized the importance of core resources such as data, computing power, chips, and energy.

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 Bloomberg's report on October 22, Huawei Technologies Co., Ltd. has secured a loan of 15 billion yuan (approximately 2.25 billion USD), amid a significant increase in chip spending for artificial intelligence-related projects. A knowledgeable source stated that this seven-year offshore yuan loan was provided by six Chinese lending institutions, including Bank of China, China Construction Bank, and Industrial and Commercial Bank of China, and the funds will be used for general corporate purposes. The source requested anonymity as the discussion pertains to non-public matters.According to Moneycontrol, which reprinted the content attributed to Bloomberg, this transaction illustrates the role of domestic lending institutions in Huawei's offshore financing since the United States imposed restrictions on Huawei in 2019. Before finalizing, Huawei had exploratory contacts with international banks. Huawei, Bank of China, China Construction Bank, and Industrial and Commercial Bank of China did not immediately respond to requests for comment.The report states that Huawei's research and development expenditure increased to 121 billion yuan in the first half of this year, while stockpiling due to soaring memory costs led to a negative cash flow of 39.9 billion yuan, eroding current profits. According to compiled data from Bloomberg, this is Huawei's first offshore syndicated loan since raising 11.8 billion Hong Kong dollars (approximately 1.5 billion USD) in 2020.

According to official news from Bitget, the platform announced an upgrade to its RWA strategy, further expanding its tokenized stock business from asset trading access to institutional-level liquidity infrastructure construction. This upgrade introduces the Super Match Engine, breaking through the traditional single model of direct connection to brokers, adopting an internal matching priority mechanism, and providing market makers with lower latency trade execution, clearer liquidity distribution, and more efficient capital utilization through exclusive quoting channels and layered depth market data. At the same time, Super Match supports differentiated order processing and market services to meet the diverse trading and operational needs of institutional traders.Previously, Bitget launched the rToken US stock transfer function on October 13, supporting over 3,000 US stocks and ETFs. Users can transfer eligible stock assets from traditional brokerage accounts to Bitget, and once the stocks are credited, they will be automatically converted into US stock spot rTokens based on the corresponding number of shares. On this basis, relying on the Super Match framework, the efficiency of US stock trading will be continuously enhanced.Bitget CEO Gracy Chen stated that the next phase of tokenized asset development is crucial for bridging the asset and liquidity channels between traditional finance and the digital asset market. Bitget will continue to improve cross-market trading infrastructure, promote the application of rToken in scenarios such as spot trading, lending, margin, and asset management, enhance asset liquidity and capital efficiency, and deepen the strategic layout of the panoramic exchange (UEX).

According to Bloomberg, AI startup Emulate, founded by alumni of Google DeepMind, has been established for only three months and currently has no official website or products. However, venture capital firms are eager to get involved, driving its valuation to several billion dollars.The report states that due to intense competition, investors are willing to buy in at continuously rising prices during the same round of financing, leading to different valuations for the same company within the same round of financing.

According to Bloomberg, informed sources revealed that humanoid robot manufacturer Noetix Robotics has secretly submitted an initial public offering (IPO) application in Hong Kong, aiming to raise hundreds of millions of dollars.The company's official name is Songyan Power Beijing Technology Co., and it may go public as early as next year.

IBM's revenue for the third quarter of fiscal year 2026 was 17.1 billion dollars, a year-on-year increase of about 5%. The adjusted earnings per share were 2.95 dollars, both exceeding analysts' expectations. The company raised its full-year software revenue growth guidance to about 7%–8% and increased its full-year free cash flow growth guidance to over 1 billion dollars.Previously delayed software and mainframe deals, due to customer spending shifting towards data center infrastructure, have started to sign contracts. Free cash flow for the first nine months totaled 8 billion dollars, setting a historical record for the same period. IBM's stock price fell 4.95% in after-hours trading, closing at 239.02 dollars.

According to the Ethereum Distributed Validator Technology (DVT) protocol SSV Network governance forum, SSV Labs submitted the DIP-59 proposal on October 21. The proposal states that due to the current market environment and the financial situation of the DAO, funding for work has narrowed compared to previous years and original plans. It intends to significantly reduce the original development roadmap, shifting the focus from new product development to network maintenance, security, and Ethereum upgrade adaptation.The proposal also intends to revise and extend the arrangements related to DIP-31, with the service period extended to the end of June 2027, and it involves subsequent phased arrangements. The proposal disclosed that the third and final grant of 1,736,111.11 SSV stipulated in DIP-31 has not yet been paid.

Meta announced its third-quarter 2026 performance early this morning Beijing time, with revenue of $64.601 billion, a year-on-year increase of 26%, exceeding market consensus expectations (approximately $63.3 to $63.7 billion). Net profit was $9.860 billion, a year-on-year increase of 264%, with a GAAP diluted earnings per share of $3.83.Operating profit decreased by 37% year-on-year to $12.988 billion, and the operating profit margin fell to about 20% (compared to about 40% in the same period last year), mainly due to a legal expense of $9.89 billion. This expense is related to the agreement reached with the attorneys general of various states in the U.S. regarding lawsuits related to youth mental health and social media, with a total payment cap of approximately $18.59 billion. Excluding this expense, operating profit was $22.88 billion, corresponding to an adjusted diluted earnings per share of approximately $7.40.The significant year-on-year growth in net profit was also influenced by the low base effect of the previous year's effective tax rate, which was as high as 87%; the effective tax rate for this quarter was 24%. Ad impressions increased by 10% year-on-year, and the average ad price rose by 14%. Family daily active people were approximately 3.64 billion, a year-on-year increase of 3%. Family of Apps revenue was approximately $64.16 billion, of which ad revenue was about $63.06 billion; Reality Labs revenue was approximately $443 million, with an operating loss of about $4.13 billion.Capital expenditures for the third quarter (including principal payments on finance leases) were approximately $34.9 billion, with free cash flow of negative $2.12 billion, and cash, cash equivalents, and marketable securities at the end of the quarter were approximately $82.4 billion. The company expects fourth-quarter revenue to be between $73 billion and $76 billion. The full-year capital expenditure guidance has been narrowed to $135 billion to $145 billion, and the full-year expense guidance has been raised to $175 billion to $179 billion, mainly due to the inclusion of legal expenses; excluding this expense, full-year operating profit is still expected to be higher than in 2025. The company also expects Reality Labs operating losses in 2026 to be approximately $18 to $19 billion, with hopes of narrowing next year.According to Gate market data, possibly influenced by the earnings report information, META's stock price rose by 2.17% in after-hours trading.

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.

The co-founder and Chief Operating Officer Alon of the meme coin issuance platform Pump.fun stated that the team had previously focused on launch pads for a long time and only began supporting cross-chain exchanges about 5 months ago. After investigating the cross-chain service provider Relay used at that time, he noted that over one-ninth of cross-chain purchases on Relay encountered errors, with typical purchase landing times close to 4 seconds, and one-tenth exceeding 7 seconds. The number of tokens users received was usually less than expected. He also mentioned that the social trading application FOMO still relies on Relay.Alon stated that the self-developed cross-chain bridge Pump Bridge has been opened to all Pump.fun application users. Compared to Relay, the purchase landing speed has improved by 2 times, and the error rate has decreased by 92%, dropping from over one-ninth to less than one percent. Users can obtain more tokens on average with the same amount of funds, and currently, no additional cross-chain fees are charged. He mentioned that due to the limitations of light speed and target chain confirmation time, the theoretical fastest landing time for purchases is about 1.1 seconds, and the team is still working to reduce the remaining gap.The above comparison comes from random tests conducted in the Pump.fun mobile application from September 28 to October 7, covering Robinhood, BSC, Base, Arc, and Ink, excluding Ethereum, with a total of 416,669 transaction results recorded. Among them, 383,326 transactions recorded the time taken from click to successful prompt, and an additional 35,333 transactions of completed USDC purchases under $500 were used for comparison. Alon also stated that the platform fee rate is 0.45%, with Callout rewards of at least $300,000 daily, totaling about $20 million over two months, and the platform does not retain platform fees.

Decentralized exchange Aerodrome Finance (AERO) and Velodrome announced their official merger, launching the on-chain spot exchange Aero, deployed on seven networks: Ethereum mainnet, Base, Robinhood Chain, Ink, OP Mainnet, Arc, and Arbitrum, aiming to integrate the existing businesses of the two DEXs into a unified platform. The exchange is developed by Dromos Labs.According to a statement released on Wednesday, Aerodrome accounted for 58% of DEX trading volume on Base in the third quarter, while Velodrome accounted for 60% on OP Mainnet, with Aerodrome leading all DEXs in Bitcoin-USD trading volume during the same period. The new exchange extends this model to seven networks, which collectively handle approximately $120 billion in DEX trading each month. Alex Cutler, founder and CEO of Dromos Labs, stated that Aerodrome and Velodrome prevailed because the model is more beneficial to users, bringing Aero to the largest market on-chain, with 100% of the revenue generated returned to users staking AERO.As part of the merger, existing AERO and VELO tokens will migrate to the new AERO token, with veAERO and veVELO converting to sAERO. Aero introduces a new economic system, with the core feature Predictive Allocation allowing participants to stake AERO and direct liquidity reward budgets to markets expected to generate returns. Additionally, Aero launches Metaswaps, connecting cross-network transactions using existing on-chain liquidity; the Slipstream V3 upgrade introduces a dynamic fee mechanism that increases fees during rapid market fluctuations and captures MEV on supported Layer 2 networks.