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Kalshi is planning to launch a futures market linked to U.S. inflation for large global banks and hedge funds, with exchange-traded futures contracts expected to be launched in December, tracking the Consumer Price Index (CPI) and core inflation metrics.The company has hired former Barclays trader Michael Ashton to design the contracts, making it the only futures product in the market directly linked to the CPI.

AI prediction market infrastructure project InsightX announced the completion of a strategic round of financing, with investors including Aurumx Capital and Becker Ventures. The project previously secured Series A financing with participation from Infinite Alliance, UZ Capital, and Gemhead, bringing the total financing scale to 7.4 million USD.InsightX positions itself as the AI infrastructure layer for the intelligent economy, dedicated to transforming data, information, and collective consensus into programmable on-chain value. The first benchmark product is an AI-native prediction market, which now supports Mantle and Morph networks. As of October 20, the platform has over 40,000 registered users, with more than 540,000 on-chain interactions, and the cumulative platform trading volume has surpassed 1.157 billion USD.This round of strategic investors will introduce institutional market-making resources and industry networks to InsightX, helping to iterate the order depth engine, improve cross-market liquidity mechanisms, and promote the implementation of underlying infrastructure for the intelligent economy.

CoinShares released a report indicating that Bitcoin has shown relative strength this week against the backdrop of renewed volatility in the risk asset market, primarily due to a rebound in spot buying, improved stock market sentiment, and some short covering. Overall, the market is gradually reducing its enthusiasm for the AI narrative and is instead focusing more on whether corporate earnings can meet expectations.The poor performance of some U.S. corporate earnings reports has triggered significant stock price fluctuations, which have also affected Bitcoin to some extent, but it still demonstrates strong resilience overall. Meanwhile, macroeconomic signals in the U.S. remain mixed, with the housing market continuing to weaken. In terms of interest rates, the market generally expects the Federal Reserve to maintain interest rates at the meeting on October 28. The market's expectations for another rate hike in December remain high, with the related probability close to 83%.The weakness in the housing market provides some room for the Federal Reserve to pause rate hikes, but last week's higher-than-expected Consumer Price Index (CPI) and Producer Price Index (PPI) data indicate that inflation remains a key factor limiting a shift in policy. If the Federal Reserve unexpectedly raises rates next week, it could trigger more pronounced financial market volatility due to exceeding market expectations; in contrast, maintaining interest rates and continuing to release hawkish signals would be easier for the market to digest. Overall, the current market remains in a state of intertwining bullish and bearish factors. Improved spot demand, Bitcoin's enhanced ability to withstand stock market volatility, and the cooling housing market all provide some support for the market; however, inflationary pressures have not yet dissipated, limiting the Federal Reserve's room to ease policy. The subsequent trend of Bitcoin is expected to remain highly influenced by interest rate expectations and the overall liquidity environment, with the importance of single industry or market catalysts being relatively limited.

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.

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.

According to Coinglass data, Binance had a net inflow of 41.5568 million USDT in the past hour.

According to Rootdata, on October 21, 2026 (Eastern Time, October 21), the total net inflow for the SOL spot ETF was $585,300.On that day, only the Morgan Stanley ETF MSOL experienced a net flow of funds, with a net inflow of $585,300. As of that trading day, the historical cumulative net inflow for MSOL was $43,064,600.As of that trading day, the historical cumulative net inflow for the SOL spot ETF was $1.549 billion.

According to Rootdata, on October 21, 2026 (Eastern Time), the total net inflow of Ethereum spot ETFs for the day was $14.9 million.The Ethereum spot ETF with the highest net inflow for the day was Grayscale Ethereum Trust ETF ETH, with a net inflow of $28.1 million.Following that was Fidelity ETF FETH, with a net inflow of $13 million.

According to Rootdata, on October 21, 2026 (Eastern Time), the total net inflow of Bitcoin spot ETFs in a single day was $525 million.The Bitcoin spot ETF with the highest single-day net inflow that day was BlackRock ETF IBIT, with a single-day net inflow of $235 million. As of that trading day, IBIT's historical cumulative net inflow was $66.528 billion.Following that was Fidelity ETF FBTC, with a single-day net inflow of $213 million. As of that trading day, FBTC's historical cumulative net inflow was $10.593 billion.

Early investment institution ZhenFund has launched Ask AI on its official website. Entrepreneurs can directly inquire about which teams ZhenFund has invested in, what fields they are currently focusing on, and what activities are suitable for them.ZhenFund has compiled publicly available information about its investment team, invested companies, areas of interest, entrepreneurial activities, and contact information into a bilingual zhenfund.md. After users click on any AI entry point, the website will redirect to Kimi, ChatGPT, Claude, or DeepSeek, and pre-fill the prompts, allowing the model to read the document before answering questions.

According to DefiLlama data, Gate has seen a net inflow of approximately 184 million USD in the last 24 hours, ranking third among global centralized exchanges.

AI video startup Higgsfield Inc. announced that it has received investments from NVIDIA and TCV. This round of financing will be used to support global infrastructure development and talent recruitment. The company is headquartered in San Francisco, with its engineering team primarily located in Kazakhstan.This financing is a follow-up extension to the Series B funding in August, during which it raised $400 million, bringing the company's valuation to $5.4 billion.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:ANDURIL (Pres....oQB): Net inflow of $2,000, with a 24-hour increase of 13.2%, currently priced at $162.4264.McRib (8idE....ump): Net inflow of $2,000, with a 24-hour increase of 21101.3%, currently priced at $0.0008.DJT (DJTu....voF): Net inflow of $703, with a 24-hour increase of 0.8%, currently priced at $6.656.Dacity (nxPq....ump): Net inflow of $703, with a 24-hour increase of 9.2%, currently priced at $0.0133.Dogzilla (Ebb2....ump): Net inflow of $343, with a 24-hour increase of 1631.9%, currently priced at $0.0001.

The NFT project Ptah launched last night with a total of 100,000 pieces available for minting, and all were sold out by this morning. As of the time of writing, the floor price for this NFT is reported at $23, with a cumulative transaction volume reaching $928,000.Public information shows that the uniqueness of this project lies in the requirement for users to mint using a Binance Agent ID / Agentic Wallet (.ai Agent ID). Regular wallets cannot mint directly, but operations such as trading, synthesizing, and claiming are open to all wallets. Each Agent ID can mint a maximum of 4 Relics (with payments calculated in total using USDT and BNB). The total supply of 100,000 Relics includes 95,000 for public minting and 5,000 reserved by the team (for tutorials, demonstrations, rewards, gifts, etc.). Additionally, users can choose to burn 10 Relics to synthesize a Loom (mining machine).According to market news, the related project is still in its early stages, with high uncertainty and significant price fluctuations; users should invest with caution.

According to Gate market data, the escalation of the Middle East conflict has led to a frantic sell-off of precious metals, with international spot gold falling below the 4,000 mark and Shanghai silver futures dropping over 6%.The Federal Reserve's interest rate decision is about to be announced, creating uncertainty in the precious metals market.

According to community reports, on October 23, crypto influencer kimchi posted an image containing a QR code, which points to the meme coin kimchi. Relevant information indicates that the kimchi address holds over 50% of the token, and it is different from the previously mentioned "speedrun 30 million dollars" token. The co-founder of the meme coin issuance platform pump.fun, alon, subsequently retweeted the post.The new kimchi token briefly surged to a market value of about 10 million dollars. Afterward, alon canceled the retweet, kimchi deleted the post, and removed the mention of pump.fun from his personal profile, leading to a rapid decline in the token's value, which was then about 190,000 dollars. According to GMGN market data, the previous Kimchi token also accelerated its decline that morning, with a market value of about 12.81 million dollars at that time.These actions have sparked dissatisfaction within the community, with some crypto investors accusing kimchi and alon of potentially illegal behavior. Kimchi has frequently flaunted wealth on social media and claimed to have profited significantly from investing in the TRUMP token. Recently, alon stated that Kimchi is the first person to truly bridge the gap between the crypto industry and pop culture, and is the first case of a trader becoming a public figure.

According to SoSoValue data, yesterday (Eastern Time October 22), the total net inflow for the US ZEC and NEAR spot ETFs was $14.7439 million, with ZEC at $14.2308 million and NEAR at $0.5131 million.For ZEC, only the Zcash ETF (ZCSH) recorded a net inflow of $14.2308 million, with a historical cumulative net inflow of $183 million. As of the time of writing, the total net asset value of the ZEC spot ETF is $681 million, with a net asset ratio of 3.31%, and a historical cumulative net inflow of $183 million.For NEAR, only the Bitwise NEAR ETF (NRR) recorded a net inflow of $0.5131 million, with a historical cumulative net inflow of $87.2702 million. As of the time of writing, the total net asset value of the NEAR spot ETF is $85.1683 million, with a net asset ratio of 1.33%, and a historical cumulative net inflow of $87.2702 million.

Cross-chain trading application Fomo recently announced the official public launch of its self-built internal cross-chain bridge (Fomo Bridge) and router. Official data shows that after integrating the self-built system, its cross-chain transaction confirmation time is less than 1 second, and the transaction execution speed is 50% faster than existing market solutions.Fomo stated that its internal router can average optimize execution prices by 0.5% and optimize the worst-performing 10% of transactions by over 2%. Currently, Fomo's cross-chain trading volume is more than 10 times that of other trading applications. As a large cross-chain trading application that possesses both a cross-chain bridge and routing system, Fomo has thus gained control over the entire trading stack, including pricing, indexing, bridging, and routing, ensuring that users can still achieve a fast and low-cost trading experience even in extreme market conditions.

Bill Ackman, the CEO of Pershing Square Capital, believes that the Russia-Ukraine conflict, the Iran war, and persistently high inflation and interest rates are suppressing what should be a stronger market environment. With geopolitical risks easing and energy prices falling, he expects the market outlook to improve significantly and calls 2027 a year that will be stunning.In an interview with CNBC on Thursday, Ackman stated that if the uncertainty brought by the war dissipates, especially if the situation in Ukraine develops positively, energy prices could drop significantly, which would benefit the decline in inflation and the performance of financial markets. He also referred to the Iran war as an exceptionally well-executed war and believes that achieving peace in the Middle East would not only benefit the region but ultimately also benefit the United States.

U.S. Secretary of Defense Lloyd Austin has prohibited all Pentagon personnel from using non-public information to place bets on upcoming military operations, involving prediction market platforms such as Kalshi and Polymarket. In a memo sent to senior Pentagon officials and defense agencies on Tuesday, he stated that all Department of Defense personnel are prohibited from using non-public information for financial transactions, with the relevant restrictions covering both classified and unclassified information.Austin wrote in the memo that adversaries will observe movements in these markets, and the safety of U.S. military personnel often depends on the enemy not knowing what is about to happen. He also pointed out that, aside from operational security, financial betting can distort judgment: a logistics personnel betting on the date of an operation will be concerned about that date, and an analyst holding a position on the outcome will also be concerned about that outcome.Before this directive was issued, U.S. Army soldier Gannon Ken Van Dyke was charged in April for allegedly profiting over $400,000 on Polymarket by using classified information regarding the operation to capture Venezuelan leader Nicolás Maduro. Prosecutors claimed he participated in the planning and execution of the operation and used advance knowledge to bet on the outcome of Maduro's ousting; he pleaded not guilty to all charges. In February, Israeli authorities also arrested and charged a military reservist and a civilian for allegedly using classified information to bet on events related to Israeli strikes against Iran on Polymarket.