tia

According to anonymous security analyst Spreek, the Initia chain has been hacked, resulting in a large number of tokens being infinitely minted. So far, the hacker has cashed out approximately 2.6 million dollars, and more funds are still being transferred.

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.

The press secretary of the President of Russia, Dmitry Peskov, stated that in the first half of November, Russia, the United States, and Ukraine will hold negotiations in Abu Dhabi regarding security guarantees for Russia and Ukraine. Currently, a trilateral format is being discussed, but future European participation is not ruled out.

CryptoQuant analyst Darkfost stated that due to the ongoing tensions in the Gulf region and Ukraine's increased attacks on Russian refineries, Brent crude oil prices remain above $100 per barrel. The rise in oil prices is transmitting through the global economy, pushing up production, service, and commodity costs, further permeating inflationary pressures into the economic system, and potentially increasing the risk of economic slowdown, thereby limiting market liquidity, especially for funds flowing into high-risk assets like Bitcoin.Darkfost pointed out that from a long-term trend perspective, when Brent crude oil remains above the annual average and enters a strong upward trend, BTC tends to show slower performance; conversely, when oil prices drop significantly, BTC is more likely to experience a recovery. However, he emphasized that this does not mean there is a simple direct causal relationship between oil prices and BTC; what truly affects risk assets is the macroeconomic environment accompanying high oil prices. In July of this year, oil prices briefly retreated, providing BTC with an opportunity to rise, but Brent crude has since rebounded significantly. Although funds may still rotate between different markets, driving BTC to continue its upward trend, the current macro environment is not conducive to sustained new liquidity flowing into the market.

The Central Bank of Malaysia and the Bank of Thailand joined the Singapore-led BLOOM initiative on Friday as members of the policymakers. BLOOM stands for Borderless, Liquid, Open, Online, Multi-currency, and is a public-private partnership initiative aimed at helping financial institutions utilize stablecoins and tokenized deposits for cross-border payments. According to the Monetary Authority of Singapore, the initiative aims to reduce costs and help institutions bring services to market faster by decreasing the need for financial institutions to establish arrangements with each counterparty or market individually.The Monetary Authority of Singapore launched BLOOM in October 2025, building on Project Orchid, which was initiated in 2021 to explore the application of a digital Singapore dollar. BLOOM's work also covers corporate cash management, trade financing, and payments executed by AI agents within preset limits, with participants including Airwallex, Mastercard, Ripple, Visa, and the World Bank Group. Additionally, the Central Bank of Malaysia announced in February that three initiatives would test the ringgit stablecoin and tokenized deposits for domestic and cross-border wholesale payments in 2026.

According to the announcement from Forma's official X account, the Forma mainnet will stop operating at block height 34,567,890, expected around November 5th, giving users about two weeks to withdraw on-chain funds.After the chain stops, the team will take a snapshot of the on-chain state and migrate the remaining TIA to Eden. Both chains are EVM chains, and users can use the same wallet address to withdraw funds from Eden after the migration is complete.Modularium will migrate to Ethereum, and the related NFTs will be migrated as well; holders will need to claim them themselves through the re-launched Modularium website, as NFTs will not be automatically airdropped. The official statement indicates that the migration may take several days after the chain stops, and further announcements will be made when the migration is complete, along with more details and operational instructions in the coming weeks.

According to Caixin, Hong Kong-listed company Jingwei TianDi (02477.HK) announced on the evening of October 21 that its major shareholder, Hengfeng International, sold 716 million shares in the open market at an average price of HKD 0.1494 per share, cashing out approximately HKD 107 million.The announcement showed that Hengfeng International's shareholding ratio decreased from 24.94% to 10.01%. Hengfeng International is controlled by Qian Fenglei, who holds a 78.56% stake. Jingwei TianDi was included in the Hong Kong Stock Connect in March this year.A senior financial observer in Hong Kong told Caixin that this low-price reduction and cashing out raises suspicions of ulterior motives, and it cannot be ruled out that it is related to the recent monitoring of market manipulation by the Hong Kong Securities and Futures Commission.

According to Jinshi, SK Group's newly established data center business unit SK Hyper is in talks with large technology companies and financial investors for financing, planning to raise funds for a data center construction project expected to cost $350 billion. SK Hyper has begun discussions with potential partners, aiming to build data centers in South Korea with a total capacity of 15 gigawatts by 2035.SK Hyper CEO Chung Suk-geun stated that the first phase of the 5-gigawatt construction alone requires $350 billion, which includes equipment costs. The company plans to complete its first round of external financing by the end of this year or early 2027, and will continue to raise funds over the next three to four years while sharing the overall construction costs with data center tenants and external investors.

Analysts indicate that regulatory-led measures can encourage institutional participation in the cryptocurrency ecosystem in the short term, but only legislation can make the framework more robust in the long term. Currently, the cryptocurrency industry has to rely on a series of fragmented regulatory actions, which may be overturned in the next two years due to political changes. At the same time, the U.S. Securities and Exchange Commission (SEC) has issued a five-year "innovation exemption" for tokenized stocks, requiring that tokens must possess the financial and voting rights of the original stocks.Additionally, the U.S. Commodity Futures Trading Commission (CFTC) is exploring allowing leveraged cryptocurrency trading on regulated U.S. platforms, while the Office of the Comptroller of the Currency (OCC) has granted national trust charters to an increasing number of stablecoin issuers and digital asset companies, placing activities such as custody and reserve management under federal regulation. The Financial Accounting Standards Board (FASB) is also considering allowing companies to classify certain stablecoins as cash equivalents to support their broader use in payments and liquidity management.

Last week, the number of new applications for unemployment benefits in the United States fell to the lowest level in nearly 57 years, with layoffs decreasing and the labor market stabilizing. Data from the U.S. Department of Labor today shows that for the week ending October 17, the preliminary number of applications for unemployment benefits in various states decreased by 6,000, adjusted for seasonal variations, to 194,000. This figure is close to the 189,000 level reached in mid-July, the lowest since 1969.Economists believe that strong domestic demand in the United States has driven profit increases, protecting workers from layoffs. However, as the war between the U.S. and Iran intensifies, tightening financial conditions and rising interest rates may suppress the performance of the labor market next year.

For the week ending October 17, the number of initial unemployment claims in the United States was 194,000, lower than the expected 200,000, and the previous value was 199,000.

According to Bloomberg, Amazon's threat intelligence team discovered that hackers attempted to exploit related vulnerabilities days before the public disclosure of two security vulnerabilities in PHP. After the vulnerabilities were disclosed on Wednesday, hacker activities further expanded. Amazon stated that the related vulnerabilities are being widely exploited but did not disclose specific victim information.Cybersecurity company Palo Alto Networks found that there are over 22.6 million exposed instances worldwide with related vulnerabilities. Wiz researchers estimate that the vulnerabilities could affect about 70% of the internet and have existed for over a decade, while Matt Hull, Vice President of Cyber Intelligence and Response at NCC Group, warned that some vulnerable systems may have already been compromised or even implanted with backdoors.

According to AI Aunt's monitoring, the smart money that heavily bet on Monero (XMR) since August 9 has completely liquidated all 36,000 XMR on October 20, ultimately making a profit of approximately 3.441 million USD, with an average purchase price of about 383.23 USD and an average selling price of about 513 USD.However, Monero surged 12% today, reaching a three-month high. If that address continues to hold, its position could gain an additional potential profit of about 4.77 million USD. Although this transaction has realized considerable gains, leaving the market two days early also caused it to miss out on subsequent increases.

According to Slow Fog's disclosure, LiteLLM has once again encountered a supply chain attack, with the malicious version litellm@1.107.0 affecting PyPI packages and Docker images, including floating tags such as latest and main-stable.The injected malicious code will automatically execute upon Python startup, stealing sensitive data such as cloud credentials, AI API keys, SSH private keys, and supporting remote code execution. The affected versions have been removed or replaced. Slow Fog recommends that users avoid using version 1.107.0, rebuild the affected environment from a clean image, rotate potentially leaked credentials, and pin the version to 1.106.2.

According to a report by the Korean News Agency, Lee Won-ik, Chairman of the Financial Services Commission, stated during a comprehensive inspection at the National Assembly's Political Affairs Committee regarding the taxation of virtual assets to be implemented next year, "Various circumstances need to be fully considered." On the same day, People Power Party member Song Yeon-sik questioned whether to abolish or postpone the taxation, stating that the nature of digital assets and policy direction have not yet been determined, and that the "Basic Law on Digital Assets" should be prioritized. Lee Won-ik responded that the relevant legislation on digital assets is in the final negotiation stage and discussions will be promoted as soon as possible; regarding taxation, opinions from various parties are diverse, and collection of opinions is still ongoing.The taxation of virtual assets in South Korea was introduced in 2020 through amendments to the Income Tax Act, having been postponed three times previously. The government is currently advancing administrative procedures according to the timeline for implementation in January next year, but some in the industry and even within the ruling party believe that due to unclear standards and insufficient infrastructure, the timing for implementation is not yet mature.

U.S. President Trump stated that there will be no bombing of Iran before the midterm elections. Meanwhile, the U.S. is evacuating some non-emergency personnel from Saudi Arabia, reducing troop strength at some bases in the Middle East, and increasing aircraft carrier and amphibious forces. The Israeli military reportedly deployed dozens of fighter jets near the Iranian border this week before turning back, and the target list for strikes is also being updated.The U.S. State Department has ordered the evacuation of non-emergency government employees and their families only within Saudi Arabia, citing attacks on Saudi civilian targets related to Iranian-backed Houthi forces. Additionally, reports indicate that U.S. military forces have quietly reduced troop levels in Jordan, Qatar, and Kuwait in recent days. The Wall Street Journal states that the U.S. is dispatching another aircraft carrier to the Middle East, with a third carrier strike group coming from the Pacific, and is sending an amphibious assault ship carrying Marines. If the new forces arrive and existing vessels are not rotated out, the total number of U.S. naval vessels in the region is expected to exceed 24, currently around 20.Israeli Prime Minister Netanyahu is reportedly continuing to advocate for a large-scale strike against Iran, and U.S. officials even suspect that Israel is deliberately provoking Iran to fire. Israeli Channel 12 cited U.S. sources stating that earlier this week, dozens of Israeli fighter jets and refueling aircraft flew over Syria and Iraq, approaching the Iranian border, with a flight path highly similar to that of an attack on Iran, turning back before entering Iranian airspace, which Israel claims was a drill and a deterrent. Pakistan, Qatar, and others are intensifying mediation, but the U.S. demands discussions on the nuclear program, while Iran hopes to first discuss reopening the Strait of Hormuz, with no breakthroughs in negotiations yet.

Ukrainian President Zelensky stated that Russia has agreed to hold a new round of trilateral talks between the U.S., Ukraine, and Russia. The U.S. proposed to initiate the talks as soon as possible, which Ukraine supports, and the meeting may take place in early November or even earlier. Zelensky supports several peace initiatives but remains cautious about the prospects of the talks.

The Kremlin stated that Russian President Putin has in principle agreed to resume trilateral peace talks between Russia, Ukraine, and the United States around November 10, potentially to be held in Abu Dhabi.Putin held a three-hour meeting with U.S. envoy Whitaker in St. Petersburg to discuss plans to end the Russia-Ukraine conflict.

BitGo announced the establishment of a new research and innovation department, BitGo Labs, aimed at designing, launching, and validating the next breakthrough applications in the digital asset space. BitGo stated that this department focuses on use cases that can only be achieved through cryptographic technology, such as interest rates and yields that traditional systems cannot provide, and utilizes AI to complete builds in months rather than years.Initially, BitGo Labs will focus on the intersection of AI and cryptocurrency. BitGo pointed out that the AI economy still requires cryptographic financial infrastructure to handle micropayments, achieve instant settlements, and ensure asset security. At the launch of the department, several related projects were introduced, including the consumer application Gokubu, which uses AI-driven card optimization for user spending and is now live, allowing users to be assigned personalized AI financial assistants to help them obtain better rewards and transaction value.BitGo stated that in addition to the initial projects, BitGo Labs will also release research reports, protocol prototypes, and reference implementations, and collaborate with developers, scholars, and institutions in the cryptocurrency and AI communities. BitGo CEO Mike Belshe previously stated in an interview that AI agents are likely to use stablecoins as their native currency, and human control over AI will last longer than some predict. This statement responded to Maelstrom Chief Investment Officer Arthur Hayes' view that digital currencies like stablecoins cannot serve as the native currency for AI agents because they cannot be directly converted into computing power.

The General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued opinions to comprehensively implement the "Artificial Intelligence +" action, promoting the all-round empowerment of various industries by artificial intelligence. The opinions emphasize the deep integration of technological innovation and industrial innovation, promote the intelligent and green development of the manufacturing industry, and accelerate the promotion and application of agricultural scientific and technological achievements.