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According to Bloomberg, ByteDance is close to reaching an agreement with MediaTek to procure semiconductors for data centers. Sources familiar with the matter say that the Chinese social media company is in deep discussions with MediaTek regarding the supply of custom chips, which will be used to operate ByteDance's data centers.Sources indicate that MediaTek will provide an unspecified number of application-specific integrated circuits, which are chips customized for the client's platform. If the deal is finalized, ByteDance could become MediaTek's second-largest customer for such chips after Google, a subsidiary of Alphabet, and it would help the Taiwanese chipmaker compete with Qualcomm. Due to the private nature of the arrangements, the sources requested anonymity.

According to Gate market data, the South Korean KOSPI index plummeted 8.00% during the day, currently reported at 5527.29 points. SK Hynix fell over 11%, and Samsung Electronics dropped over 9%.At the same time, the Korea Exchange activated the circuit breaker mechanism for the KOSDAQ, suspending trading for 20 minutes.

During the promotion of the GENIUS Act by former White House crypto advisor Bo Hines, the consulting firm Nxum, which he co-founded and holds shares in, established a business relationship with Tether. Tether paid over 6 million dollars to Nxum, with the related funds distributed among three partners.Although Hines has exited the daily operations of Nxum, he continued to discuss the act with partners via Signal during his tenure. After the GENIUS Act was signed into law in July 2025, Hines left in August and was appointed CEO of Tether's U.S. stablecoin business in September, raising questions about potential conflicts of interest.

Japan's Finance Minister Shunichi Suzuki warned speculators that she is prepared to take action in the foreign exchange market again if necessary, after the yen's exchange rate against the dollar hit a monthly low due to rising U.S. inflation data. Suzuki stated that the positions of both countries have not changed since the joint intervention in July to support the yen.

The on-chain data analysis platform Bubblemaps accused that wallets associated with Anglio traded in advance before recommendations were published on Pump.fun, estimating a profit of about $50,000 from trades and approximately $80,000 in recommendation rewards. Bubblemaps presents the relationships between on-chain wallets through visual bubble charts, used to identify the connections between token holders and the flow of funds.This accusation points to the recommendation behavior on Pump.fun, where certain accounts built positions before the tokens were publicly recommended. Meanwhile, Pump.fun is shifting its reward payment mechanism to focus on the earnings of followers, distributing rewards based on the returns of followers.

Cryptocurrency exchange Coinbase stated that its custody holds about 5% of the total existing Bitcoin and urged Bitcoin developers to immediately address the threat of quantum computing. Coinbase pointed out that changes to Bitcoin consensus and ecological migration may take years and cannot wait until quantum computers capable of breaking signatures appear.Coinbase suggested adopting a flexible "container" design similar to BIP-360 to gradually replace quantum-resistant signature systems; it also proposed a phased implementation of a "1-of-2" scheme, allowing the same funds to be spent during the transition period using either traditional keys or quantum-resistant keys. This scheme also needs to be compatible with multi-party computation (MPC) key splitting mechanisms. Coinbase stated that dormant, lost, and Bitcoin held from the Satoshi era are separate governance issues, and any rescue mechanism itself must also possess quantum resistance. In January of this year, Coinbase established a quantum advisory council; in July, it joined the Bitcoin Security Alliance with BlackRock and Strategy, committing a total of $15 million for Bitcoin's quantum-resistant transformation.

According to PR Newswire, the cryptocurrency payment platform Mesh announced the launch of Link Chat. The company stated that this is an AI-driven product experience within Mesh Link, allowing users to initiate financial operations using natural language.This capability has gone live and is being rolled out to partners, with plans to expand to the Mesh product stack, covering payments and other supported transaction types. Mesh was founded in 2020 and is building a cryptocurrency payment network connecting hundreds of exchanges, wallets, and financial service platforms.According to Mesh, after users make a request, the platform can present eligible accounts and funding sources, including connected accounts and compatible accounts that can be connected. An example intent is to deposit 50 USDC into an account.Users specify the action they intend to take and review and confirm the transaction details, after which Mesh orchestrates the connection between the funding source and the target platform, requiring user approval before the funds move. Relevant uses include transferring funds into accounts, completing payments, or other supported operations.

The Blockchain Association, the Crypto Innovation Committee, in conjunction with the Illinois state government, the Digital Chamber of Commerce, and the Illinois Blockchain Association, submitted a joint motion to the Sangamon County Circuit Court, requesting the court to expedite the hearing of two lawsuits against the state's Digital Asset Tax Act. The state government has agreed to issue an injunction to suspend the effectiveness and enforcement of the Digital Asset Tax Act until July 1, 2027.In order to make a ruling on the legality of the tax law as soon as possible, the parties have proposed a timeline for expedited summary judgment submissions: the first round of motions is scheduled to be submitted on November 4, 2026, and all relevant submissions will be completed by January 22, 2027. The parties request the court to hold a hearing between February 8 and February 19, 2027, and request the court to make a ruling by March 1, 2027, to which the state government has no objection. This timeline is subject to court approval.

According to Bloomberg, informed sources revealed that Bank of America will no longer act as a potential underwriter for the initial public offering of the Chinese artificial intelligence startup Dark Side of the Moon.Previously, Bank of America had engaged in discussions to serve as the overall coordinator for Dark Side of the Moon's Hong Kong IPO, but negotiations ultimately failed to reach a formal authorization. The report noted that this change comes at a time when the company is facing strict scrutiny in the United States.

The stablecoin infrastructure platform Interlace announced a joint initiative with multiple industry partners, including OSL, AllScale, Stable, Hetu, Cregis, WIDTH, KEM, and KTX, to launch the white paper titled Stablecoin Payment Infrastructure: From On-Chain Settlement to Real-World Payments. As stablecoins evolve from crypto-native financial instruments into global financial infrastructure, stablecoin payment activity is also growing rapidly. In Q1 2026, stablecoin transaction volume exceeded $28 trillion, while stablecoin B2B payments reached $226 billion in 2025, representing a 733% year-over-year increase. However, as stablecoin payments expand into real-world commercial use cases, the industry still lacks a systematic framework for defining the capabilities covered by stablecoin payment infrastructure and how on-chain assets can be connected with real-world commerce. The white paper will focus on this gap, covering key topics such as stablecoin payment infrastructure, end-to-end costs, compliance and risk management, and enterprise-scale adoption. Drawing on industry data, practical experience, and real-world cases, it will further explore the development path of stablecoin payment infrastructure. The full white paper is expected to be officially released within the next 1-2 months.

Federal Reserve's Williams stated that another rate hike this year is appropriate.

According to reports from Major Factory Daily, ByteDance released a company-wide letter on October 13, initiating a new round of stock option repurchases, with a pre-tax repurchase price of $241.35 per share, the same as the price circulated in early September. Participants in this repurchase include former employees, with those who recently left due to business adjustments receiving the same repurchase price per share as current employees, with no discount.According to the company-wide letter, the repurchase amount is calculated based on each granted option. For total package and other types of options, such as those granted upon joining and adjustments to total packages, 50% of the shares that have vested in each batch can be applied for repurchase after vesting, increasing by 10% for each additional year thereafter. For performance-based options granted before January 1, 2026, 100% of the shares that have vested in each batch can be applied for repurchase after vesting; for grants on or after January 1, 2026, 55% can be applied for repurchase after vesting, increasing by 15% for each additional year thereafter. For bonus-based options, 50% of the shares that have vested can be applied for repurchase one year after the first vesting date, and 100% can be applied for repurchase after two years.The company-wide letter also indicated that total package options granted upon joining require approximately 5 years to achieve 100% vesting, while options granted for outstanding performance require about 3 to 4 years to achieve 100% vesting.

The cryptocurrency financial service institution BIT (formerly Matrixport) has increased its positions at addresses 0xbd1c...ff0e and 0x2371...0883 this morning, each buying 12,000 ETH, totaling 24,000 ETH, with average purchase prices of approximately $2,420 and $2,422 respectively.The ETH long positions held by the two addresses are all using 20x full leverage, with a position value of approximately $60.29 million and a total floating profit of about $2.19 million. The current price of ETH is reported at approximately $2,512, an increase of about 3.8% compared to the average purchase price of the two addresses.

On-chain derivatives protocol Derive has released a new proposal in its governance forum, aiming to expand its business into the regulated derivatives market in the United States. Community members can review the proposal and participate in the discussion.Derive is an on-chain derivatives protocol aimed at professional traders, offering trading products such as options and perpetual contracts, and employs an off-chain matching and on-chain settlement architecture. The proposal is currently in the community discussion phase, and the specific regulatory path, partners, and timeline will be based on the content of the forum proposal.

With only 22 days left until the U.S. midterm elections, Fairshake, aligned with the stance of the U.S. cryptocurrency industry, and its affiliated Political Action Committee (PAC) have ramped up advertising to support their identified "crypto-friendly" candidates. According to documents disclosed by the Federal Election Commission (FEC) on Saturday, the PACs Defend American Jobs and Protect Progress have collectively spent $2.7 million on media and direct mail production to support Democratic and Republican candidates running for the U.S. House of Representatives in 2026. Fairshake's funding primarily comes from donations from investment bank Cantor Fitzgerald, cryptocurrency exchange Coinbase, and Ripple Labs.Specific expenditures include: over $76,000 for House Majority Whip Tom Emmer, $73,000 for House Agriculture Committee Chair Glenn Thompson, $512,000 for California Congressman Pete Aguilar, and $500,000 for New Jersey Congressman Josh Gottheimer. A few days earlier, Fairshake announced it would additionally support 32 House candidates in 2026, with 6 of them each receiving $1 million in media support.

An important ruling has been made by a UK court regarding the cross-border asset recovery dispute involving over 61,000 Bitcoins related to the illegal fundraising case of Tianjin Blue Sky Ge Rui in China. On October 12, local time, a judgment obtained by Caixin from the High Court of England and Wales indicated that the UK High Court determined that the property rights claims made by Chinese investors regarding the Bitcoins in question should be judged according to Chinese law rather than UK law.This means that approximately 16,000 Chinese victims who have participated in the UK recovery process may not be able to share in the substantial appreciation gains brought about by the soaring Bitcoin prices under UK law, and can at most recover their principal and interest.

According to official news, Gate will launch Incentiv (CENT) for the first time. The CENT/USDT spot trading will officially start on October 12 at 17:00 (UTC+8), and the flash exchange trading is expected to open at 18:00 on the same day.At the same time, Gate's 343rd HODLer Airdrop has opened the Incentiv (CENT) airdrop, which will end on October 12 at 16:00 (UTC+8). A total of 34,482,759 CENT airdrop rewards will be provided, and the rewards will be fully unlocked. Users who complete identity verification and hold no less than 1 GT can participate, and rewards will be distributed based on the proportion of GT holdings snapshot. No user participation funds will be deducted after the event ends.Incentiv is an EVM-compatible Layer 1 blockchain that uses a proof-of-work (PoW) mechanism and integrates advanced account abstraction, flexible network fee payment methods, and incentive mechanisms aimed at ecological contributions. Its ecosystem covers Portal, developer tools, cross-chain bridges, and a native DEX, further expanding into AI Agent economic scenarios. CENT is its network's native asset, used for gas settlement and ecological incentives.

According to on-chain analyst Yu Jin's monitoring, 4 hours ago, 2 wallets associated with the Ethereum Foundation (0x4c4...2b94, 0x999...0229) transferred 4,393 ETH to Kraken, worth 11.13 million dollars.The wallet that transferred out ETH received 59,800 ETH from the Ethereum Foundation wallet 10 years ago, of which 49,800 ETH has been gradually transferred to Kraken over the past 10 years at an average price of about 658 dollars.

In 2025, there were approximately 20 financing rounds in the domestic tactile sensor sector, with a total disclosed amount nearing 1.8 billion yuan. According to data from the Financial Association, in the first seven months of 2026, there were 15 financing rounds completed in the humanoid robot sensor field, totaling 3.1 billion yuan, with July alone accounting for 1.56 billion yuan. Related estimates indicate that the global tactile sensor market size will be around 6 billion yuan in 2026 and approximately 29 billion yuan in 2030.The tactile sensor company, PaxiNi, was founded by Xu Jincheng and Nie Xiangru in June 2021 in Shenzhen, with the Hall array sensor PX-6AX GEN3 starting at a price of 199 yuan. The company completed over 1 billion yuan in Series B financing in March, with a valuation exceeding 10 billion yuan, followed by 1 billion yuan in strategic financing in August and several hundred million yuan in B++ financing in September, accumulating over 4 billion yuan in total financing, with BYD as the largest external shareholder. On September 20, PaxiNi completed its counseling filing with the Beijing Securities Regulatory Bureau, with Guotai Junan as the counseling institution.The tactile perception chip company, Tashan Technology, was founded by Ma Yang, Sun Tengchen, and Yang Wuqiang in December 2017, with revenue exceeding 100 million yuan in 2024, and was listed by NVIDIA as the world's first tactile simulation partner for Isaac Sim. Qianjue Robotics was founded by Ma Daolin in May 2024, with Hillhouse Capital having led the angel round, and in September of this year, it completed two rounds of strategic financing totaling several hundred million yuan. Companies such as Daimeng, Weitai, Xiangmuguo, Yimu Technology, and Lingxin Qiaoshou also secured new financing or advanced higher valuation financing in 2026.