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Dragonfly partner Haseeb Qureshi posted on X that the claims regarding Polymarket CEO Shayne Coplan using company funds for expenses such as private jets, discovered by Peter Thiel's Founders Fund, are untrue. Qureshi stated that Dragonfly is one of Polymarket's largest early investors.He mentioned that Coplan was not receiving a salary at the time, disclosed all expenses, which amounted to an annual salary roughly equivalent to that of a software engineer, and that the flight tickets were not for personal use. He stated that the accounting and reimbursement process was initiated by Coplan, and the relevant amounts have been fully reimbursed to the company, after which Coplan began receiving a normal salary. Qureshi believes this is an accounting issue, not a matter of integrity.

On October 20, researcher 100y from the cryptocurrency research institution Four Pillars published a response to external doubts: Robinhood Chain has not disappeared, its ecosystem remains resilient, and it is preparing for the next round of growth. The chain is set to launch on July 1, 2026, positioning itself as an on-chain financial network centered around tokenized stocks. The article states that Robinhood's cryptocurrency business revenue share dropped from 27.2% in the first quarter of 2025 to 12.6% in the first quarter of 2026.According to data from The Rollup, the chain's daily network fees on September 4 were approximately $8.27 million, compared to Robinhood's total cryptocurrency business revenue of about $100 million in the second quarter of 2026. After the market weakened and meme popularity cooled, fees fell by over 99% from their peak, with daily fees in mid-October around $30,000 to $40,000, less than 1% of the peak. 100y attributed the spike in fees to congestion in September: the chain uses the Arbitrum tech stack, and the base fee index rises when usage exceeds target processing capacity.As of the publication date, the on-chain Total Value Locked (TVL) is approximately $1.1 billion. The Steakhouse Financial curation and the Steakhouse USDG Vault supplying USDG to Morpho account for about half of this, with a scale of approximately $540 million and still rising, and around 75,000 deposit wallets. Stocks and ETFs account for more than half of the issued Real World Asset (RWA) tokens, with an associated outstanding value of about $150 million. The spot trading volumes on September 4 and October 7 were approximately $3.27 billion and $3.24 billion, respectively, and daily trading volumes have remained at least around $600 million to $700 million since then. Robinhood has strategically invested in the perpetual platform Lighter and Arcus. 100y stated that the next round of growth depends on the scale of the treasury and stock tokens, meme trading, perpetual activities after the points period, as well as more builders and new on-chain financial primitives.

The Hong Kong police announced that over the past two weeks, they have received more than 150 cases of WhatsApp account hijacking scams, with total losses exceeding 15 million Hong Kong dollars. Recently, an employee of a local company engaged in virtual currency exchange encountered account hijacking. The scammers blocked the original work group and blacklisted members, copied the group image, name, members, and profile pictures to create a fake group, impersonating a customer representative to request exchanges.The victim, as per usual practice, first transferred cryptocurrency to the designated wallet of the other party. It was only after discovering that the customer account balance was insufficient and calling to verify that they realized they had been scammed, resulting in a loss of over 4 million Hong Kong dollars for the company. The police remind that WhatsApp groups can be forged, but the member phone numbers cannot be exactly the same as those in the real group, and the timestamps of conversations cannot be replicated. They also suggest enabling two-factor authentication and verifying the other party by phone before making remittances, avoiding logging into accounts on public WiFi or public computers.

According to the token unlocking data from the crypto asset data platform RootData, Sapien (SAPIEN) will unlock approximately 19.58 million tokens at 0:00 Beijing time on October 20, worth about 1.32 million US dollars.

Circle announced a partnership with Tereina, a financial services company supported by SAP, to integrate its USDC and EURC stablecoins into enterprise payment processes. Companies using SAP financial software can directly send and receive USDC and EURC within their applications used for managing payments. USDC will serve as the preferred stablecoin for dollar-denominated transactions, while EURC will be used for euro-denominated payments.Tereina provides payment infrastructure that can be embedded in enterprise software, allowing companies to complete payments without switching to a separate financial platform. Both parties stated that they plan to test the stablecoin integration solution with customers in the coming months, covering global payment and cash management operations. According to the announcement, the SAP ecosystem supports 84% of global business activities, which brings extensive enterprise reach potential for this integration.This collaboration comes less than a month after Circle launched its Layer 1 blockchain Arc mainnet, focused on stablecoin payments and financial markets. Arc uses USDC to pay transaction fees and supports over 20 fiat-backed stablecoins, including USDC and EURC.

ChainCatcher live report, at the OKX NOW Global Products and Ecosystem Conference (Singapore), Star stated that large global financial institutions from sectors such as exchanges, banks, stablecoins, payments, and quantitative finance are making equity investments in OKX, including ICE, the New York Stock Exchange, Standard Chartered Bank, Ripple, Circle, and others.He believes that the significance of this matter goes far beyond the funds themselves, "The future will not be a confrontation between crypto finance and traditional finance; every crypto company will expand into traditional finance, and every traditional finance company will invest in the crypto space. These two worlds are becoming one financial system."

Reactor announced that NVIDIA and Sapphire Ventures have joined the Series A financing, which is led by Lightspeed Venture Partners.

According to Fortune, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against two private fund cases, accusing the relevant fund advisors of raising funds under the pretext of investing in popular tech companies like OpenAI and SpaceX before their IPOs, but allegedly providing false information to investors and misappropriating some of the funds.The SEC stated that Meyer Global Management and its head Owen Meyer are suspected of raising at least $18.5 million from nearly 100 investors to purchase shares of companies before their IPOs, but misappropriated at least $1.27 million, including using fund money for personal consumption, paying entertainment expenses, and personal investments. Among them, the SEC accused Meyer of establishing a fund for investing in shares of OpenAI and SpaceX, but some of the funds did not actually hold the relevant assets.In another case, the SEC and federal prosecutors accused Beyond Alpha Ventures heads Christopher Dinelli and Jacob Frankel of raising over $8.7 million from 35 investors and falsely promoting that the fund held shares in companies like SpaceX and xAI.The SEC stated that the two provided false investment reports, with some of the funds being used for options trading, film investments, and personal use. The SEC emphasized that the accused tech companies and their management have not been found to have engaged in misconduct. Regulatory agencies have been continuously monitoring investment products that promote "acquiring shares before popular private company IPOs" and have launched multiple enforcement actions against relevant private fund advisors.

According to a disclosure by Compound community member ugurmersin, the Compound Foundation is suspected of violating the strict limitations of Proposal 536. This proposal originally entrusted 8.42 million DAI from the decentralized autonomous organization's (DAO) reserves to the foundation for management, explicitly stating that the funds could only be used to support protocol operations, strictly prohibiting autonomous trading or speculation, and could not be used to fund the foundation's own business.

According to a report by TASS, Bogdan Shablya, head of the financial monitoring and foreign exchange regulation department of the Central Bank of Russia, stated that the Central Bank of Russia expects that after the implementation of laws related to digital currencies, the issue of illegal cryptocurrency exchanges will be resolved, and the related "gray area" should disappear before July 1, 2027.After that, the market will be clearly divided into "white" and "black" parts, with corresponding penalties implemented.

Investor Mike Vernal stated on X that the software industry may repeat the barbell phenomenon seen in the newspaper industry of the 1990s. After the internet brought distribution costs to zero, The New York Times' subscriptions increased from a print circulation of 1.113 million in 2002 to about 13.4 million, while the Los Angeles Times, Chicago Tribune, and Dallas Morning News saw declines of 73% to 91%, with the middle tier disappearing.Vernal believes that AI is driving the costs of copying, migrating, and integrating software close to zero, eroding traditional moats, and reducing the importance of switching costs and network effects, while economies of scale and branding are rising. In the future, each procurement center for enterprise software will have one AI-native system, small and medium-sized enterprises will lean towards integrated systems, and medium-sized point solutions may be consolidated or disappear. He suggests that venture capital-supported software companies "go all in," with the moat being the extreme replication cost of building massive software daily and reinvesting. At the same time, a large number of small software solutions may emerge, similar to the Shopify ecosystem of the D2C era.

According to the token unlocking data from the crypto asset data platform RootData, Sapien (SAPIEN) will unlock approximately 19.58 million tokens at 0:00 Beijing time on September 20, worth about 1.49 million US dollars.

According to Fortune, the artificial intelligence startup Sapien has completed a new round of financing, led by Ali Partovi of Neo, with the company's valuation reaching 180 million dollars.

According to token unlock data from the Crypto asset data platform RootData, Sapien (SAPIEN) will unlock approximately 19.58 million tokens at 0:00 Beijing time on August 20, worth about 1.52 million USD.

According to official social media news, Huobi HTX will hold a themed live broadcast today at 20:00 titled "Non-Farm Payrolls Surprise Ignites Rate Cut Trading: Which Will Break Through First Among U.S. Stocks, Gold, and BTC?" At that time, crypto KOLs such as Pump Pump Superman, Xiao Zhi, 77, and Grace will be invited to attend, discussing the unexpected changes in non-farm data, the rising expectations for rate cuts in the market, and the interlinked trends of the three major assets: U.S. stocks, gold, and BTC. They will analyze market trading opportunities and potential risks under changes in macro liquidity.