News linked to this event type.
According to CoinPost, the Security and Systems Committee of the Japan Cryptocurrency Business Association (JCBA) announced on October 20 the establishment of a Working Group (WG) on Crypto Asset Custody Management and released a draft of the "Practice Set" detailing security countermeasures for principals. The draft contains 347 items across ten major domains, including governance, personnel and physical security, BCP, and re-delegation management, while listing "Key Management and Signature Operation" as a distinct category. Principal service models are classified into five types: Holding, Intervention, Supply, Reference, and Others, and are accompanied by an Excel-based self-assessment questionnaire and a tracking ledger for verification documents. The JCBA emphasized that generic third-party assurance reports, such as SOC2, fall short in adequately assessing crypto asset-specific risks, particularly those related to private key lifecycle management.
Bitwise Chief Investment Officer Matt Hougan (@Matt_Hougan) shared a chart on X featuring J.P. Morgan Asset Management’s 2027 Long-Term Capital Market Assumptions (31st edition), which has now included Bitcoin in its asset class forecasts. According to the report, Bitcoin’s expected compounded return is 10.0%, its arithmetic mean return is 20.9%, and its annualized volatility is 55.0%. Comparative data for other assets are as follows: • US large-cap stocks: compounded return 7.5%, volatility 18.0% • US small-cap stocks: compounded return 7.7%, volatility 21.0% • Gold: compounded return 5.5%, volatility 17.2% • US aggregate bonds: compounded return 5.6%, volatility 4.7% • US cash: compounded return 3.2%, volatility 0.7% • US real estate investment trusts (REITs): compounded return 8.2%, volatility 17.3% Based on arithmetic mean returns, Bitcoin (20.9%) ranks highest among the assets listed in the report, followed by US small-cap stocks (9.66%) and US REITs (9.55%). By compounded return, Bitcoin (10.0%) also tops all other assets in the table.
Machi Big Brother (@machibigbrother) stated that Papertrade (@papertrade_xyz) recently issued an update regarding the transferability of the PAPER token, noting that Papertrade is a complex underlying primitive with significant risk management challenges, and the PAPER token is far more tightly integrated into the protocol's economic model than most protocol tokens. Machi pointed out that the PAPER token will remain non-transferable for the foreseeable future; holders can currently only generate investment returns via protocol fees, though their share will be diluted. Furthermore, as the project allocates no tokens to the team, factors such as token value, dilution, and exit liquidity affect holders more than the team. Only fee revenue aligns incentives, though Machi noted that "this issue can be resolved."
PPP prediction market tool monitoring shows that Polymarket's "Papertrade FDV above $100 million one day after launch" odds have dropped to 45%, down 40% in 24 hours.If Papertrade's token has a fully diluted valuation (FDV) above the specified amount one day after launch, the market will resolve to "Yes"; otherwise, it will resolve to "No."Only official tokens formally issued by Papertrade after the creation of this market are eligible. Stablecoins, meme coins, liquid staking tokens (LSTs), and synthetic tokens do not count.A token must be publicly tradable to be considered officially launched.FDV is calculated as total token supply multiplied by token price."One day after launch" is defined as 4:00 PM ET on the day following the token's launch.The market will use the most liquid available price source as the basis for settlement.If Papertrade fails to issue a token before 23:59 ET on December 31, 2027, the market will resolve to "No."Join the PPP signal push community to stay one step ahead and seize the initiative.
According to an announcement published on October 19 by the French Financial Markets Authority (AMF), the AMF has released a list of websites newly identified in the third quarter that are illegally providing crypto assets or crypto asset services in France, including alphaairobot.com, aureoncorevix.net, bitgrokapp.com, bitkelttrade.com, cryptobullbear.com, and investpathline.com, among others. Since the beginning of 2026, the AMF has cumulatively added 64 names to this blacklist. The AMF stated that the list is updated frequently, but remains non-exhaustive due to the continuous emergence of new unauthorized or fraudulent entities. The public can access the complete blacklist via the AMF website’s “Espace Épargne > Protéger son épargne > Listes noires et mises en garde” section and the ABEIS website, and can check the whitelist of authorized crypto asset service providers (PSCAs) on the AMF website to verify whether specific institutions are authorized to operate in France.
According to a comment letter submitted by the Hyperliquid Policy Center (HPC) to the U.S. Securities and Exchange Commission (SEC) on October 19, the HPC generally supports the SEC's proposed Crypto Asset Regulation (File No. S7-2026-27) and urges its prompt adoption. The proposal includes a $5 million startup exemption (four-year term), a $75 million fundraising exemption (per 12 months), a safe harbor for investment contracts, and state-level advance applicability provisions for "qualified purchasers." The HPC also puts forward five recommendations: 1. Airdrops: Incorporate airdrop analysis into the final rule text and use "clear and specific consideration" as the criterion for determining a "monetary investment"; 2. Secondary Markets: Clarify the status of secondary market trading and intermediaries, enabling assets issued under exemptions to trade immediately outside the registration framework, and recommend exempting relevant trades and platform determinations under Section 36 of the Exchange Act; 3. Safe Harbor: Its use should not be construed as an admission that an investment contract or issuer status exists, and protections should extend through the period during which key management tasks are being performed; 4. Buybacks: Incorporate the SEC Division of Corporate Financing's recent buyback guidance into the rules, standardize the "central party" concept, and distinguish between programmatic buybacks and discretionary buybacks; 5. Federal Advance Applicability: Issuers meeting safe harbor conditions may opt out of reporting obligations or adopt a simplified annual certification to avoid state regulatory intervention. The HPC stated that without the aforementioned adjustments, the actual
Odaily reports: Blockchain security research firm Asymmetric Research has disclosed that Solana's on-chain governance program svmgov previously had a vulnerability: when validators did not participate in voting, independent votes submitted in advance by their delegators might not be counted in the final results. The vulnerability was reported to the Solana Foundation on July 10 and was fixed on mainnet on August 3, earlier than the governance vote on August 24. Based on on-chain data calculations, Asymmetric Research estimates that if the vulnerability had not been fixed, the approval rate of the SGP-0002 proposal, which aims to accelerate the decline in SOL inflation, could have dropped from the actual 67.00% to 66.65%, below the 66.67% passage threshold. The vulnerability was fixed before the vote and did not actually change the proposal's outcome.
According to an October 19 announcement by Coinbase and Thunes, the two parties have reached a strategic partnership to integrate stablecoin infrastructure with a global fiat payment network, supporting corporate cross-border payments, gig economy payroll disbursements, and personal international remittances. Under the agreement, Coinbase will connect to Thunes' Direct Global Network, enabling users to receive cross-border payments via local bank accounts and mobile wallets; Thunes will, in turn, adopt Coinbase's stablecoin infrastructure.
Odaily reports: According to monitoring by on-chain analyst Ai Yi, @machibigbrother has accumulated a trading volume of $1.56 billion since October 10, with realized losses of $833,000, ranking 10th on the loss leaderboard; the account received an airdrop of 437,000 PAPER tokens (405,000 tokens), yet after offsetting, the account remains down $424,000. @machibigbrother mostly opened ETH long positions on @papetrade_xyz, with leverage ranging from 50x to 1000x, mostly at 100x, and continuously posted multiple tweets praising the platform's model.
Odaily reports: Google will update its financial services and products policy. Starting October 21, advertisers promoting crypto trading platforms, crypto wallets, CFDs, and forex services to the UAE must obtain a license from one of CMA, DFSA, FSRA, or VARA and complete Google certification, while also complying with other local legal requirements. This policy applies to all relevant advertising accounts globally. In case of violations, Google will first issue a warning and may only suspend the account after at least 7 days.
According to Reuters, Nvidia has secured a CPU order from New York-based AI cloud computing startup Modal. Previously relying solely on Intel and AMD chips for its AI agent workloads, Modal plans to transition to Nvidia's Vera central processing units. The company stated that early tests show Vera can double its AI agent workload capacity compared to existing Intel and AMD hardware. Modal CEO Erik Bernhardsson said the firm will maintain a hybrid chip deployment strategy, noting that next-generation chips from Intel and AMD may narrow the performance gap. Nvidia stated that Vera is the next-generation data center CPU designed for AI factories, marking another step in expanding its business beyond GPUs. Nvidia also added that OpenAI, Anthropic, and Oracle plan to deploy Vera.
Bitget has launched perpetual contracts for 4 popular stocks: CSTOCK (Citibank), MDT (Medtronic), BP (BP), and VLO (Valero Energy). These contracts are settled in USDT and support up to 20x leverage and 24/7 trading. As of now, Bitget supports a total of 368 stock contract underlying assets.
Papertrade（@papertrade_xyz）团队 blurr 和 jez 在 X 平台发布的公告，Papertrade 将升级合约，暂无计划开放 PAPER 链下转让。团队称，若代币可转让，外部永续合约市场就可以做空"资金池偿付能力"，操纵攻击的目标额将从资金池规模升至"资金池加做空敞口"。例如，资金池为 1000 万美元时，成本 1500 万美元的攻击原本不可行，但若同时持有 1000 万美元 PAPER 空头，攻击就有利可图。 在费用方面，此前系统采用 0.2bps 的死区费用，新方案分为"交易时段"和"非交易时段"两种模式，仅影响开仓后价格变动在 6bps（0.06%）内（非交易时段为 10bps，即 0.1%）平仓的仓位，超出阈值的交易费用不变。团队称，按上线以来的数据回溯，此举对机器人策略盈利的影响约为对普通交易者的 15 倍，调整后有望放宽未平仓合约（OI）上限。 在代币经济方面，此后每损失 1 美元，将铸造固定比例的 PAPER 供应量，约为每损失 100 万美元铸造 0.1%。破产及临近破产时的铸造机制，将由固定的每 1 美元损失铸造 100 枚，改为随时间增
that, according to Lookonchain monitoring, a certain address traded only on the first day of PaperTrade's launch, with a trading volume of $10.1 billion and a loss of $9.79 million, while obtaining 252 million PAPER tokens. Since then, the address has stopped trading and continued staking PAPER; the rewards obtained have offset the previous losses and generated an additional profit of $1.04 million.
Odaily reports: Papertrade founder Jez posted on X in response to the controversy over the non-transferability of the PAPER token, stating that the team was aware of certain unresolved technical issues before the protocol launched, including potential attack risks posed by the perpetual contract market, but had originally expected more time to find solutions.Jez noted that the team had previously estimated that a large perpetual contract market might take about 6 months to launch, but the relevant market progressed much faster than expected, forcing the team to make a decision before finding an effective solution. To safeguard the protocol's long-term healthy development, PAPER has currently been set to a non-transferable status.He emphasized that PAPER represents users' rights to the protocol's revenue, and its long-term value depends on whether Papertrade itself can continue to attract traders, rather than whether the token can be freely traded. The team is unwilling to restrict the protocol's business growth in order to support PAPER perpetual contract trading.In response to community concerns that the rule change harms the interests of early users, Jez stated that the adjustment was not a hasty decision but a risk management choice made by the team based on actual operating data from the first week since the protocol launched, and that the team will continue to adjust protocol parameters in the future to ensure long-term sustainability.
According to Sina Finance, OpenAI is accelerating a fundraising round of approximately $30 billion, targeting a valuation that could surpass $1.4 trillion, and aims to secure investor commitments ahead of competitor Anthropic's expected mid-November IPO. Existing investors such as SoftBank Group and Abu Dhabi-based MGX are currently in talks to participate. OpenAI informed investors that following the launch of the GPT-6 Astra model, its annualized revenue has hit $50 billion and is projected to reach $70 billion by the end of the year. The company has also reduced prices for its lower-cost models to drive adoption, noting that further price cuts are possible. Insiders stated that OpenAI intends to close the financing before Anthropic releases its financial data to prevent investors from comparing the two firms directly. OpenAI accounts for revenue on a net basis and has previously accused Anthropic of recognizing all contract sales made through third-party cloud providers as revenue, thereby artificially inflating its top line. Furthermore, OpenAI raised $122 billion in March this year at a post-money valuation of $852 billion, including a committed investment from Amazon of up to $50 billion. If weakening IPO market conditions force a delay of its planned 2027 listing, this capital will additionally be deployed to fund its extensive infrastructure buildout and bolster its balance sheet.
Odaily reports: The Blockchain Association has submitted comments on the U.S. Treasury Department's proposed implementation rules for Section 3 of the GENIUS Act. This provision primarily governs the eligibility of entities issuing and selling payment stablecoins within the United States.The Blockchain Association stated that it supports the core regulatory framework proposed by the Treasury Department in principle, but calls for further clarification of the definition of digital asset service providers, the criteria for determining "knowing participation" conduct, and the compliance requirements for foreign stablecoin issuers, in order to reduce uncertainty during the rule implementation process. (The Block)
Odaily reports: Pump.fun announced on X that it has partnered with PreStocks to launch a Pre-IPO token trading service. Users can now trade tokens related to private companies on Pump.fun and use these tokens as trading pair assets to issue new tokens.The first batch of supported companies includes OpenAI, Anthropic, Anduril, Neuralink, Figure AI, Kalshi, Polymarket, and Oura, totaling 8 companies.This feature is powered by PreStocks. The related tokens are not equivalent to holding actual equity in the corresponding companies.
Sophon's official account (@Sophon) announced on X that, following its previous announcement to gradually shut down Sophon Chain, the final mainnet closure date has now been confirmed as November 30, 2026. The asset withdrawal deadline is November 25. After this date, key infrastructure and related websites will be sequentially taken offline, and assets remaining on-chain past the deadline may become permanently inaccessible.
CME Group has officially launched Uniswap futures contracts, now open for trading, offering two contract sizes and supporting 24/7 trading.