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Aave officially announced that the active loan scale of Aave V4 deployed on Circle's Layer 1 blockchain Arc has exceeded 100 million USD.This data represents the outstanding loan scale on the Arc single network, not the total deposits or cumulative lending amount of Aave V4.

X-Agent's latest Dune data shows that as of October 20, the platform's related on-chain activities have reached 1,268,897 transactions, with the number of Agentic Wallets reaching 39,649. At the same time, a total of 680,285 x402 payments and 233,188 AI Activity Syncs have been generated.From the Dune trend data, X-Agent's on-chain activity saw significant growth in October, with Transactions rapidly increasing in volume for the month, and x402 Payments also experiencing notable growth recently. Compared to traditional AI products that mainly measure user numbers, conversation volume, and model invocation counts, what is more noteworthy in this data set is that AI Agents within the X-Agent ecosystem are gradually generating real, verifiable on-chain economic activities.Through the infrastructure of Agentic Wallet, x402 payments, and AI Activity Sync, Agents are evolving from mere information exchange tools to economic participants capable of executing tasks, using wallets, initiating payments, and generating on-chain records. This further validates the path of the Agent Economy that X-Agent is promoting: Build → Act → Pay → Verify. From "creating AI Agents" to "enabling Agents to truly execute and transact," X-Agent is attempting to connect Agent capabilities, on-chain execution, and payment settlement into a complete closed loop.As the scale of x402 payments and Agentic Wallet continues to grow, the Agent Economy is gradually transforming from a concept into real network activities that can be directly observed and measured by on-chain data.

On Friday, the French National Assembly passed Amendment I-3898 with 38 votes in favor, 37 against, and 25 abstentions, proposing to tax certain cryptocurrency exchanges for stablecoin transactions. If the relevant provisions are approved, they are expected to take effect from 2027. This measure will change the way capital gains tax on cryptocurrencies is calculated, meaning that when investors exchange Bitcoin or other cryptocurrencies for stablecoins, the related gains may trigger taxation even if they have not been converted into fiat currency.The French National Assembly is scheduled to vote on the first part of the "2027 Finance Bill" on Tuesday. A proposal to carry forward realized cryptocurrency losses for 10 years was rejected by the assembly on Friday with 18 votes in favor, 75 against, and 3 abstentions. French lawmakers are also reviewing two cryptocurrency tax proposals: I-CF1822 aims to expand the exit tax to unrealized gains, applicable to taxpayers whose total cryptocurrency portfolio value exceeds 800,000 euros and who move their residence out of France; I-2701 proposes to require the declaration of holdings from self-custody wallets, with a threshold of total value exceeding 100,000 euros for the relevant tax year. Both proposals are still under review as of Monday.

Bybit CEO Ben Zhou recently stated in an interview with Wu Shuo that Bybit has covered the losses caused by previous attacks from North Korean hackers through operational income such as transaction fees by the end of last year. He believes that there will still be trading platforms that encounter hacker attacks in the future, and the security system should be designed with the premise of "assuming it will definitely be hacked."Regarding competition, Ben Zhou believes that the golden period for the expansion of global trading platforms has passed, and the industry will further consolidate. Regional trading platforms with licenses and local operational capabilities still have opportunities. He revealed that Bybit's profits have declined year-on-year this year, and traditional asset trading businesses such as stocks are currently not enough to offset the impact brought by the cryptocurrency business.In terms of the U.S. market, he stated that Bybit is still waiting for the right opportunity to enter and is more inclined to cooperate with local institutions that have a retail user base. The core strategy for the next year will focus on regional development and deep localization. He also discussed the differences between the Bitget security incident and the Bybit theft incident, as well as the data security challenges brought by the large-scale application of AI within the platform.

According to The Defiant, the French National Assembly passed an amendment during the review of the 2027 budget proposal with 38 votes in favor and 37 votes against, aiming to eliminate the tax deferral treatment enjoyed when converting certain crypto assets into a single fiat-pegged stablecoin starting from January 1, 2027.A total of 100 members participated in the voting, with 75 votes counted as valid.

According to official disclosures from JPYC, the cumulative issuance of its issuance and redemption service JPYC EX surpassed 10 billion yen as of September 18, with users expanding from individuals to local Japanese businesses and overseas projects.On September 17, JPYC was listed on the South Korean exchange Upbit, trading against the Korean won, BTC, and USDT markets, but the market price temporarily deviated from 1 yen after the listing. In addition, Netstars signed a Memorandum of Understanding (MOU) with the Kaia DLT Foundation to integrate the stablecoins circulating on Kaia into its payment networks such as StarPay, which has approximately 700,000 affiliated stores; the Osaka physical store of Mi&T received a subsidy from the Osaka Prefecture for its JPYC payment pilot, planning to implement it in about 5 stores from November 2026 to March 2027.

After briefly publishing the rumor-refuting content "Cheung Kong Responds to Li Ka-shing's Death: Absolutely Not True," mainstream Chinese financial media outlets including The Paper and Jinshi Data collectively deleted the news, with the deletion occurring on October 15.Currently, Caixin still retains this report, but its source is also The Paper.

According to GMGN market data, the market capitalization of the Robinhood chain ecosystem meme coin VRAX briefly surpassed 8 million USD, currently reported at 7.68 million USD, with a daily increase of over 143%. It is reported that VRAX was initially launched due to discussions during the Robinhood summit, having previously experienced a significant correction, with the price dropping by about 99% at one point.Robinhood CEO Vlad Tenev mentioned the token twice during a Q&A session on the X platform. Trader Bonk Guy previously stated that as early concentrated holdings gradually exit, VRAX is expected to benefit from the next round of activity resurgence in the Robinhood chain ecosystem. Meme coin prices are highly volatile and easily influenced by market sentiment and hot events, please be aware of trading risks.

According to GMGN data, the market capitalization of Robinhood ecosystem HOOKR briefly surpassed 30 million USD, currently reported at 28.3 million USD, with a 24H increase of over 35%. It is reported that HOOKR is the project token of the programmable market Launchpad Hookr.fun on the Robinhood Chain.Hookr.fun is built on Uniswap v4 Hooks, allowing users to issue tokens and combine custom trading rules such as Anti-Snipe, dynamic fees, automatic burn, LP rewards, and Nth-buy Pot, while establishing the Hook market. Other projects can pay fees to its developers when using related Hooks. In addition, the platform supports trading pairs with ETH or HOOKR as new tokens, where part of the ETH trading fees can be used to buy back and burn HOOKR, forming a token mechanism linked to the platform's trading activities.According to market news, HOOKR's price is highly volatile and easily influenced by the popularity of the Robinhood Chain ecosystem and market sentiment, please be aware of trading risks.

According to GMGN market data, the market capitalization of the Solana ecosystem meme coin BATON briefly surpassed 20 million USD, reaching a historical high, currently reported at 19.74 million USD, with a daily increase of over 53%.In terms of related narratives, the name BATON originates from Pump.fun's predecessor Baton Corporation, and is viewed by the community as a meme coin related to the early corporate identity of Pump.fun. Meme coin prices are highly volatile and easily influenced by market sentiment and trending events, please be aware of trading risks.

According to CoinDesk, executives in the cryptocurrency industry believe that the failure of the Clarity Act will create opportunities for decentralized finance, but established exchanges may continue to maintain a competitive advantage.Related initiatives from the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission may promote the expansion of regulated on-chain trading and increase institutional participation. Legal experts indicate that the regulatory framework is expected to progress gradually, but there are still gaps that need to be addressed by the U.S. Congress.

According to GMGN market data, the market capitalization of the SOL ecosystem meme coin CLAUDIA briefly surpassed 9 million USD, now falling back to about 8 million USD, with a daily increase of over 580%. In terms of related narratives, CLAUDIA revolves around the AI character IP designed by AI creator Anabology, which has recently attracted the attention of a16z co-founder Marc Andreessen.Community opinions suggest that the core narrative of CLAUDIA lies in the AI character IP and its commercialization potential. The developers recently interacted with Elon Musk and plan to use transaction fees for AI movie production, with the possibility of launching related peripheral products in the future. Meme coin prices are highly volatile and easily influenced by market sentiment and hot events, so please be aware of trading risks.

According to Decrypt, the French National Assembly's Finance Committee passed two cryptocurrency tax amendments this week: starting from January 1, 2027, exchanges of stablecoins regulated by MiCA will be considered taxable sales; and a departure tax will be imposed on tax households relocating overseas with a total value of cryptocurrency assets exceeding 800,000 euros.The committee rejected the budget revenue portion with a vote of 31 to 3, and the full National Assembly will review the original text from the government. The aforementioned amendments will not be automatically included; supporters must reintroduce them during the debate starting on October 13, with a formal vote scheduled for October 20.The related measures have not yet become law. The stablecoin amendment was proposed by left-wing GDR party member Nicolas Sansu and 16 co-signers, applicable to electronic money tokens as defined by MiCA. The amendment does not set a new tax rate but aims to include the related revenue under France's existing unified tax system of 31.4%.The committee also passed an amendment proposed by Daniel Labaronne, allowing investors to carry forward cryptocurrency asset losses for 10 years to offset future gains. The proposed departure tax applies to taxpayers who have been French tax residents for at least 6 of the past 10 years and whose cryptocurrency assets, including custodial assets, have a total value exceeding 800,000 euros.

Since the beginning of 2026, Bitcoin has experienced 10 "3 standard deviation" trading days, exceeding the 8 times seen throughout the bear market of 2018. Although Bitcoin's annualized volatility has decreased from 84% in 2018 to about 46%, extreme market conditions still occur frequently relative to recent price volatility levels. "3 standard deviation" is used to measure the extent to which prices deviate from the recent normal volatility range. Data shows that the average price fluctuation for Bitcoin during such extreme conditions this year is about 7%, lower than the approximately 10% seen in 2018.Since 2024, Bitcoin's volatility has been around 47%, similar to Nvidia, but during the same period, Bitcoin has had 26 "3 standard deviation" trading days, far exceeding Nvidia's 8 times, the S&P 500's 16 times, and gold's 12 times. Market participants point out that macro shocks and the leverage and concentrated positions in the derivatives market are important factors contributing to the continued occurrence of extreme volatility. When investors sell options in large quantities, betting on market calmness, sudden news can force related concentrated positions to close, further amplifying price fluctuations.Deribit CEO Luuk Strijers stated that traditional Value at Risk (VaR) models struggle to adequately measure tail risks during extreme market conditions, and investors should pay more attention to risk indicators such as Expected Shortfall. Meanwhile, increased institutional participation, deeper liquidity, and improved risk management are also enhancing the market's ability to withstand shocks, but this does not mean that extreme volatility will disappear.

According to a report by Nomura Securities, AI company Kimi under the brand Moonlight's Dark Side is estimated to achieve an annual recurring revenue of $1.2 billion in September. Bloomberg previously reported that Kimi's annual recurring revenue in August had surpassed $1 billion, with a year-end target of $2 billion.The K2.8 Preview, launched on September 11, is estimated to contribute about 40%--45% of the annual recurring revenue, exceeding the flagship model K3's 30%--35%. The K2.8 Preview is priced lower and primarily targets programming and everyday agent tasks. Experts estimate that K3 has a gross margin of about 35%--40%, while lower-priced models like K2.8 Preview have about 20%--25%. The API is Kimi's largest source of revenue, with overseas markets contributing more than half.

The decentralized perpetual contract trading platform Hyperliquid achieved a cumulative protocol revenue of over $1 billion by June 30, 2026. The platform's trading volume in the first quarter of 2026 was approximately $492 billion, making it the second largest by trading volume after Coinbase.About 97% to 99% of Hyperliquid's protocol fees are used for public market buybacks of HYPE through the Assistance Fund, with over 41 million tokens repurchased and burned, valued at over $1 billion. Hyperliquid operates its own blockchain, and HIP-3 allows users to create permissionless asset markets based on price feeds. Protocol revenue mainly comes from opening and closing trading fees, as well as fees charged for creating new markets; the funding rate is regularly exchanged between long and short positions, and the protocol does not retain that portion of funds.

According to the Korea Economic Daily, Samsung Electronics' next-generation high-bandwidth memory "12-layer HBM4E" product has passed quality verification by Nvidia and major hyperscale data center operators.

According to a report by CoinGecko, Ethereum's native token ETH outperformed Bitcoin in the third quarter, with a price increase of 70%, surpassing Bitcoin's 42% increase. However, during the same period, ETH's liquidity significantly narrowed compared to Bitcoin.From July 6 to September 30, the average daily market median depth of ETH was only 35% to 45% of Bitcoin's, while it was at least 60% during the same period last year. Market depth measures the total dollar value of buy and sell orders within a certain price range. The depth of ETH within a 0.15% price range was between 13 million to 14 million dollars. CoinGecko stated that ETH still maintained good liquidity in this range, with most exchanges having both buy and sell side depths exceeding 1 million dollars.The liquidity of other mainstream tokens is also thinning. Solana's SOL saw its depth within a 2% price range drop from about 28 million dollars per side last year to about 20 million dollars this year. XRP's total depth remained stable at around 30 million dollars, but the order book was biased towards buyers, with buy orders around 18 million dollars and sell orders around 14 million dollars. CoinGecko pointed out that XRP's market capitalization is about 40% higher than SOL, but the depth within the 2% price range is lower because SOL's average daily trading volume is still 25% higher than XRP.

According to GMGN market data, Robinhood's meme stock BONER has risen against the trend, with its market value once surpassing 70 million dollars, approaching its historical high. As of the time of writing, BONER is reported at 66.4 million dollars, with a 24-hour increase of 17.8%.In terms of news, Bloomberg published a special report on Robinhood's meme stocks on October 2. Cryptocurrency KOL Eric, in an interview with Bloomberg, stated that meme stocks are "a characteristic of the times and also a future trend." Additionally, Eric, as a major holder of BONER, specifically introduced the BONER token to Bloomberg.Stock Meme is an emerging play that directly combines traditional meme coins with tokenized U.S. stocks: meme coins are no longer paired with USDT or ETH but are directly paired with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.). This retains the speculative attributes of meme coins, which are highly volatile and community-driven, while also leveraging the popularity and narrative of real stocks. Transaction fees often partially flow back into the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring."

According to Cointelegraph, BNB Chain has become the first blockchain for tokenized stocks and ETFs to surpass a market capitalization of $1 billion. Data from Token Terminal shows that the total market capitalization of tokenized stocks and ETFs rose from $2.87 billion in August to approximately $3.35 billion in September, an increase of about 17%.The market capitalization in this field on BNB Chain reached $1.1 billion, accounting for about 30% of the $3.7 billion market, followed by Ethereum at $828 million, accounting for 22%, and Solana at $738 million, accounting for 20%. A report from Binance Research stated that BNB Chain also leads with 1.8 million addresses holding tokenized stocks, representing 45% of the total, with its network supporting products such as Binance bStocks and Ondo Global Markets tokenized securities.Tokenized stocks and ETFs have grown more than five times from $719 million in January, when Ethereum accounted for about 48%, Solana for 31%, and BNB Chain only for 13%.