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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 Gate market data, Hong Kong stocks in artificial intelligence have strengthened, with Zhipu rising over 6%, MINIMAX-W rising over 9%, Xunce rising over 5%, and Xiaomi rising over 4%.

a16z Frontier founding partner Chris Dixon stated that early Web2 platforms were built on fragile tacit agreements: independent creators, bloggers, news media, and community volunteers contributed high-quality content for free, while platforms provided traffic distribution, audience accumulation, and commercial revenue opportunities.He pointed out that after forming a monopoly through network effects, platforms continuously tightened algorithms, forcing creators to pay for traffic. With the advent of the generative AI era, large model companies collect long-accumulated content from the entire internet through crawlers and directly provide answers in search and Q&A interfaces, no longer diverting traffic to the original websites, thus severing the economic cycle of independent creators.Dixon believes that if this trend continues, high-quality original content may be depleted, and the internet could be flooded with low-quality machine-generated content. He proposed that verifiable data ownership could be established through blockchain protocols, allowing data calls, reasoning, and training to be traceable and automatically receive economic returns. Reshaping this contract is one of the important missions of the Frontier fund.

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.

Toto Finance, a company that converts physical goods into blockchain tokens, has submitted a governance proposal to the Cardano community, seeking to withdraw 22 million ADA (approximately 5 million USD) from the Cardano treasury to establish a "Cardano Strategic Copper Reserve." Voting will close on November 15. The proposal plans to purchase and tokenize copper that meets COMEX standards, with the token CuTT representing each pound of verified physical copper.According to the proposal, about two-thirds of the budget will be used to purchase exchange-grade copper from COMEX-certified warehouses near New Orleans, while the remaining one-third will cover storage, insurance, auditing, oversight, and Toto's operational costs. If the full budget is spent and the ADA to USD price remains unchanged, copper prices would need to rise by approximately 49.4% to recover the treasury investment. The proposal assumes a purchase price of $6.73 per pound and a selling price of approximately $10.06, with plans to hold for 18 to 24 months and sell in the following year, with net profits and unused funds required to be returned to the treasury before the 36th month.Monty Metzger, founder and chairman of Toto, stated that copper has significant upside potential, with an optimistic scenario predicting an annualized increase of about 30%, approximately 69% over 24 months, which could cover the 49.4% breakeven point, but commodity prices could also decline. Toto retains its commercial rights to the CuTT business for separate financing and hopes to scale the tokenized copper asset to $5 billion. The withdrawal limit of 500 million ADA from Cardano will last until around July 2027, and as of October 16, 457.4 million ADA has been used, with this proposal consuming more than half of the remaining quota.

According to Glassnode's latest on-chain weekly report "Swept and Refilled," Gate has performed outstandingly in the tokenized gold spot and perpetual contract markets, with its position size and trading volume market share continuously increasing.The report indicates that since the beginning of 2026, Gate has contributed 42% of the net increase in the global tokenized gold perpetual contract open interest, surpassing all other tracked exchanges. At the same time, Gate's 7-day average position size for tokenized gold perpetual contracts corresponds to a gold exposure of 1.7 tons, ranking first in the world, ahead of OKX's 1.5 tons.In the spot market, Gate's market share of tokenized gold spot trading volume surged from 0.6% in 2024 to 12% so far in 2026, expanding to 20 times its original size. The report also notes that as market share continues to grow, Gate has become one of the most prominent trading platforms for the growth of tokenized gold spot market share this year. The simultaneous expansion of the spot and derivatives markets further reflects Gate's market competitiveness and growth potential in the field of tokenized gold trading.

Binance founder CZ tweeted that there are concerns about artificial intelligence attacking cryptocurrencies, but the encryption technology relied upon by the internet and banking systems is weaker.He pointed out that artificial intelligence can cause harm without cracking Bitcoin's cryptography, and the leaked data has fueled more phishing and social engineering attacks, reminding users to pay attention to security.

According to The Defiant, the UAE-led "Confrontation Ghost" operation has identified over $39 billion in funds and cryptocurrencies. The operation has arrested more than 960 people and raided 29 scam centers. The countries involved in the operation are advancing asset recovery efforts to reclaim the assets involved.

According to PR Newswire, J.P. Morgan Asset Management announced that its tokenized money market funds MONY and JLTXX have launched on the Solana blockchain, open to qualified U.S. investors. Qualified investors can subscribe and redeem through its institutional trading platform Morgan Money and receive token balances at their blockchain addresses.MONY is a private fund established under Rule 506(c), set to launch in December 2025. At that time, J.P. Morgan will be the first globally systemically important bank to launch a tokenized money market fund on a public blockchain. JLTXX is a government money market fund registered in the United States, designed to support stablecoin issuers under the framework of the GENIUS Act.

According to a report by Bloomberg citing on-chain data analysis platform Dune, the on-chain trading volume of tokenized stocks and ETFs in the third quarter exceeded $37 billion, with monthly trading volume increasing nearly 18 times compared to January, covering over 200 trading venues and 12 blockchains.During the same period, the on-chain trading volume of perpetual contracts linked to stocks, ETFs, and stock indices on the decentralized perpetual contract trading platform Hyperliquid reached $201 billion. Dune stated that currently about 25% of cryptocurrency spot trading is conducted on-chain.

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.

Imran Khan, co-founder of Alliance, expressed his views on a16z crypto's shift towards cutting-edge technology. He stated that he is always grateful to a16z for leading the investment in Coinbase in 2013, which provided external validation for the crypto industry; Marc Andreessen's 2014 article "Why Bitcoin Matters" in The New York Times pushed him to shift his career towards Bitcoin.Imran Khan mentioned that at that time, very few institutions or funds were willing to publicly support crypto, and a16z and USV were two funds that took on brand risk. Since then, a large number of talents have entered and reshaped the crypto industry. He believes that the current infrastructure development in artificial intelligence has a practical connection with Bitcoin mining infrastructure and the talent flowing from crypto to artificial intelligence.He stated that the shift from crypto to cutting-edge technologies such as robotics, biology, artificial intelligence, energy, and computing power means that the talents and capabilities built in crypto over the past decade can be applied to a broader range of fields. He cited the resistance faced by data centers as an example, noting that crypto also faced opposition, but traditional finance has now accepted crypto to a certain extent. He believes that cutting-edge technology is the next generation of technology builders, and the world often recognizes the importance of new technologies many years later.

a16z crypto partner Ali Yahya posted on X that he has decided to leave a16z, move to San Francisco, and start a company. He stated that he has been with the company for nearly 10 years, and when he met Chris Dixon, Ben Horowitz, and Marc Andreessen in 2017, he was an engineer at Google Brain working on robotics research, with a strong interest in open source but no knowledge of investing.Ali Yahya mentioned that at that time, Chris Dixon had already laid the groundwork for a16z in the early crypto space by investing in companies like Coinbase, but the company's crypto team consisted of only Chris Dixon, and he hoped to expand the team. Chris Dixon invited him to leave Google to help build the company's crypto business. He expressed that forming the team together and supporting founders' work has been the most meaningful experience of his life, and he thanked Chris, Ben, Marc, and the team.Regarding his entrepreneurial direction, Ali Yahya stated that he is still in the early stages and is most focused on infrastructure that can support an open software ecosystem. He made two observations: current AI is mostly a technology for individual use, but in the future, it will shift towards collaboration among multiple people and multiple intelligent agents, potentially leading to large-scale open networks; the cost of software development has significantly decreased, allowing for on-demand generation and disposal after single use, which will change the software stack and may give rise to new operating systems mediated by AI and an AI-native developer ecosystem. He invited those working in related fields, especially those in the Bay Area, to communicate with him.

Gold prices have stabilized near a three-month low, with spot gold prices hovering around $4,020 per ounce. Global X ETFs analyst Justin Lin stated that gold may recently face liquidity-driven selling, as market expectations for further interest rate hikes by the Federal Reserve have cooled, which should provide support for gold prices in the short term.Despite facing downward pressure, gold prices may see a V-shaped rebound.

The privacy Layer 2 network Aztec, based on zero-knowledge proofs, announced that its V6 upgrade proposal has been approved, but the governance panel currently still shows that voting is open, with the execution date listed on the panel as October 26.According to disclosures, the upgrade will enhance the messaging speed between Ethereum and Aztec, and will provide 30 days of operational funding for the V5 version during the migration period.

On October 23, a16z General Partner Chris Dixon announced that a16z crypto would be renamed a16z Frontier. The investment scope has expanded from crypto startups to a broader category of frontier technology startups, which are companies that create new technologies, open new markets, and may take years to mature. Dixon emphasized that this adjustment is an expansion of scope rather than a shift in direction, and the team will continue to invest in crypto and related businesses while advocating for reasonable crypto regulation.Dixon stated that as blockchain becomes more widely adopted, Wall Street and fintech companies have normalized the launch of on-chain products, and the importance of the "crypto company" label has diminished; companies should be defined by their business rather than the technology they use. His explanation also pointed to the AI wave, which not only focuses on using AI to perform existing tasks faster and better but also emphasizes the emergence of new native use cases, full-stack entrepreneurship that integrates software and hardware with services, and new networks that connect people with intelligent agents.Dixon believes that blockchain will continue to play an important role, providing the internet with a fast, cheap, global, and programmable funding track. Stablecoins are becoming standard tools for fintech and institutions, and they can also support machine-to-machine transactions and the cold start of new networks. The fund will be co-led by Dixon along with a16z founders Marc Andreessen, Ben Horowitz, and General Partners Eddy Lazzarin and Guy Wuollet, while the operating team will continue to serve existing and future portfolio companies in areas such as regulation, market entry, talent, marketing, and technology development.

Cryptocurrency exchange Kraken stated that its xStocks tokenized stock product line currently covers more than 1000 underlying assets. xStocks provides users with exposure to stock prices but does not come with shareholder rights.According to the FAQ document released by Kraken in September, the number of related tools listed at that time was 131. This product still excludes U.S. users.