m

According to Gate market data, Nasdaq futures rose 1% in early trading on Wednesday, boosted by SpaceX's earnings report and news of a merger with Tesla, which lifted the after-hours performance of U.S. tech stocks.

OpenAI announced the acquisition of San Francisco startup Orchestra Bio, which has developed AI agents to help pharmaceutical companies track the progress of drug development projects. Orchestra's team and platform will be integrated into OpenAI's life sciences product line Rosalind, aimed at biologists and chemists, with the transaction amount undisclosed. Orchestra was founded in the fall of 2022, with seed funding from Andreessen Horowitz, Definition Capital, Insight Partners, and 8VC, raising a total of approximately $20 million.According to OpenAI, a new drug can take up to 15 years from initial conception to approval in the United States, and the cost of bringing a single approved drug to market can exceed $2.6 billion, with less than 10% of candidate drugs entering human trials ultimately reaching the market. Orchestra's AI agents can automatically monitor tasks and flag issues, analyze how setbacks like production batch failures affect the overall development project, compile relevant information, and compare response strategies, ultimately allowing scientists and project leaders to make decisions.This acquisition follows competitor Anthropic's acquisition of Coefficient Bio for approximately $400 million in April, reflecting the competition among AI labs for new drug development workflows. In April, OpenAI launched the model GPT-Rosalind specifically designed for biology and drug discovery, available only to vetted U.S. corporate clients such as Amgen and Moderna, with the accompanying product Rosalind Workbench connecting the model to research tools and data.

U.S. presidential envoy Wittekov will meet with Russian President Putin on October 21, and Trump's son-in-law Kushner will participate via video. Previously, the U.S., Ukraine, and Europe had detailed discussions on security guarantees and other aspects of a comprehensive peace framework, reaching a high level of consensus.

Castle Securities CEO Griffin stated that there is almost certainly a bubble in the AI field, although bubbles are often accompanied by significant technological breakthroughs. Companies are carefully reviewing the bills from Anthropic and OpenAI, and some companies are struggling to derive value from AI.

The NEAR ecosystem governance proposal HSP-029 has entered the voting stage, proposing to gradually reduce the maximum annual issuance rate of NEAR tokens from 2.5% to 1.6%. This proposal was put forward by SVRN CEO Sal Ternullo, planning to linearly decrease by approximately 3.75 basis points per epoch over 24 months, while maintaining a 90/10 allocation ratio between stakers and the treasury. After the vote passes, there will be a 90-day grace period before the reduction officially begins.The proposal's calculations indicate that this plan is expected to reduce the issuance of approximately 11.8 million NEAR tokens over two years, with a cumulative reduction of about 66.1 million tokens over six years, equivalent to a 4.36% decrease in supply compared to the current situation. The annualized staking yield will gradually decrease from the current 5.268% to 3.372%. The author points out that this move aims to reduce the degree of dilution for non-staking holders and responds to discussions regarding the protocol's discretion risk following the withdrawal of the previous Sovereign Fund proposal.This proposal must go through a dual process to take effect: after passing the House of Stake vote, validators must also independently adopt it through the standard protocol upgrade process. The proposal cites Solana's SGP-0002, which was passed in August 2026 with a staking weight approval of 67.001% for a similar issuance reduction, as a precedent. Currently, the NEAR network has a total of 406 active validators, with a staking rate of 42.71%.

Elon Musk stated that for SpaceX, a wise move is to sign short-term contracts to lease AI data centers.

The Chief Operating Officer of SpaceX stated that Starlink still has growth opportunities in the enterprise and government business sectors, and future revenue is expected to surpass consumer business revenue.

SpaceX's Chief Operating Officer stated that since the beginning of the year, the Starlink aviation business capacity has increased to four times its original capacity.

Elon Musk stated that the goal of the Terafab project at Gibbons Creek is to achieve mass production of chips around the third quarter of 2028, with the first test chip expected to operate normally in May or June 2027.

According to a post by Bitcoin News on the X platform, Super League shareholders approved the relevant transaction on October 16, with Metaplanet injecting 2,100 BTC and 2.5 million USD to acquire 44.86 million shares at a price of 3 USD per share.After the transaction is completed, the company will be renamed Superplanet, and the stock ticker will change to SUPA, with Metaplanet holding over 90% of the shares during a five-year lock-up period. Superplanet plans to further purchase Bitcoin by issuing perpetual preferred shares, with the transaction expected to be completed in the fourth quarter.

Elon Musk stated that SpaceX and Tesla have each established special committees to discuss merger matters. He believes that merging with Tesla is a good idea.

Elon Musk stated that the bottleneck in the development of artificial intelligence lies more in power, cooling, and infrastructure, rather than in chips.

Elon Musk predicts that in the next 3 to 5 years, AI entities will drive a 1,000-fold increase in bandwidth demand.

Elon Musk stated that SpaceX will build a ground communication network.

Elon Musk stated that SpaceX expects to achieve one launch per week for Starship in the first half of next year, and at least two launches per week in the second half of next year.

The U.S. Commodity Futures Trading Commission (CFTC) has announced the agenda for its inaugural "Frontier Forum." The forum, hosted by the CFTC Innovation Working Group, is scheduled for October 28 and will invite leaders in the field of artificial intelligence to discuss how AI may change the operation of the U.S. derivatives market.CFTC Chairman Mike Selig stated in a statement that super intelligence will transform our financial markets. This forum will focus on how the derivatives market can respond to the influx of machine intelligence and the potential impact of this technology on price discovery and risk management. The forum agenda adopts the term "super intelligence," preferred by U.S. President Trump.The Innovation Working Group indicated that the event will hear insights from leaders of companies such as Ornn, Architect, and Liquid Compute. Additionally, the forum will explore how traders' own AI agents might operate under the CFTC regulatory framework. This is the first event in the "Frontier Forum" series launched by the CFTC Innovation Working Group.

Elon Musk stated that as GrokBot continues to improve, user adoption is increasing. SpaceX will deploy GrokBot on a large scale to businesses within weeks.

Elon Musk stated that SpaceX is "quite confident" about achieving 10 gigawatts of computing power online by 2027; the possibility of exceeding 20 gigawatts of computing power online by 2027 is not zero.

Elon Musk stated that GrokBot is the fastest-growing product he has ever seen.

Elon Musk stated that SpaceX (SPCX.O) expects its annual recurring revenue to be between 500 billion and 1 trillion dollars by the end of 2027.