News linked to both this project and an event.
Odaily reports: Solana-based meme coin Kimchi reached a market cap of $40 million one hour after launch, currently at $38.71 million, with trading volume reaching $23.7 million. Kimchi (@kimchi1x) currently holds 75.32% of the total supply of this meme coin. This trader rarely posts trading records or calls, mainly sharing photos and videos related to lifestyle, travel, luxury cars, and watches.Pump.fun co-founder alon stated that Kimchi is the first person to truly bridge the gap between the crypto industry and popular culture, and the first case of a trader growing into a public celebrity. alon said that Kimchi is helping Pump.fun develop creative direction and drive ecosystem expansion.
According to SpaceX (Nasdaq: SPCX)'s Q3 2026 earnings report, the company reported quarterly revenue of $14.6 billion, up 161% from $5.6 billion in the same period last year. Net profit was $4.4 billion, compared to a net loss of $1.1 billion in the prior-year period. Adjusted EBITDA was $8.8 billion, up 306% year-on-year. Operating income stood at $2.8 billion, compared to an operating loss of $270 million in the same period last year. By segment: • Super Intelligence (SI): Revenue was $7.56 billion, up 830% year-on-year and 195% quarter-on-quarter, primarily driven by the activation of cloud service agreements, the consolidation of Cursor, and increased adoption of Grok in enterprise and consumer markets. SI operating income was $431 million, which included $1.2 billion in stock-based compensation expenses related to the Cursor acquisition. Peak computing capacity rose to 1.7 GW, up from 0.6 GW in the same period last year. • Connectivity: Revenue was $5.25 billion, up 69% year-on-year, with operating income of $2.37 billion, up 99% year-on-year. Starlink consumer subscribers reached 13.6 million, an increase of 1.6 million quarter-on-quarter, with average monthly ARPU of $69. Over 3,800 aircraft are equipped with Starlink. • Space: Revenue was $1.77 billion, increased year-on-year
Odaily reports: Abu Dhabi-based listed esports company NIP Group has announced that it has signed an agreement to acquire Bitcoin mining equipment with a total hashrate of approximately 4.47 EH/s, bringing its total deployed hashrate to approximately 13.85 EH/s. The transaction is valued at up to $27.3 million, and the company will issue up to 247.1 million Class A ordinary shares to the seller.NIP Group expects that once all related equipment is deployed, the mining farm's monthly output will reach approximately 195 BTC, up from its previous target of 160, valued at approximately $16 million at then-current prices. The equipment is already running at hosting facilities and can immediately increase Bitcoin output upon completion of the transaction.NIP Group launched its Bitcoin mining business in July 2025 and has been gradually scaling its hashrate to higher levels. The company said the additional hashrate will serve its digital infrastructure strategy, and it plans to expand into AI, high-performance computing, and gaming applications. (Bitcoin.com News)
ARK Invest has released an update to its open-source Tesla valuation model, projecting that Tesla will be worth approximately $4,400 per share by 2031. A Monte Carlo simulation based on 32 independent variables shows a bear case of around $3,300 per share and a bull case of around $5,000 per share, corresponding to annualized share price gains of 53% and 66%, respectively, with the base case implying an annualized return of approximately 62%.Under the base case, ARK Invest expects Tesla's total revenue to reach approximately $1.45 trillion by 2031, with EBITDA of about $902 billion and a market capitalization of approximately $17.5 trillion.To support the development of its AI and robotics businesses, the model also assumes that Tesla's cumulative AI infrastructure spending will increase from approximately $7 billion at the end of 2025 to approximately $225 billion by the end of 2031. Robotaxi is expected to become Tesla's primary source of value, contributing approximately 80% of enterprise value by 2031. The humanoid robot Optimus will also become an important growth engine, with Tesla's cumulative external sales of Optimus robots reaching approximately 1 million units by 2031, and revenue from robotics-as-a-service (RaaS) and related businesses amounting to approximately $212 billion.However, ARK Invest cautions that these valuations depend on multiple assumptions, including the pace of autonomous driving commercialization, the maturity of robotics technology, profit margins, and capital efficiency. Actual results may differ significantly from these projections. The model is for reference only and does not constitute investment advice.
Odaily reports: Real-world asset platform tx has launched the USD stablecoin USTX for use in its wallet and its planned tokenized stock market. Users can mint USTX using USDC from 8 blockchains and redeem it back to USDC, with supported networks including Ethereum, Solana, and Base.Fintech platform Brale is responsible for issuing USTX, managing reserve assets, and executing minting and redemption. tx co-founder and Chief Legal Officer Ashley Ebersole stated that USTX is not a USDC-backed wrapped asset or a synthetic representation of USDC; it uses an independent 1:1 reserve structure through Brale.According to tx's disclosure, each USTX is backed by $1 in assets, with reserves including cash, bank deposits, government money market funds, and short-term U.S. Treasury bills. Eligible USTX users can also earn rewards through the tx wallet program, and Ashley Ebersole said the reward program was designed based on legal advice to comply with the relevant provisions of the GENIUS Act. (Cointelegraph)
DeepSeek announced that it will fully open-source its internal inference framework DeepInfer, while simultaneously releasing the production-grade token encoder-decoder component deepseek-recipe, to help developers and enterprises optimize the throughput, latency, and deployment costs of large-scale model inference. DeepInfer integrates high-performance operators and a deeply optimized inference engine, supporting capabilities such as distributed inference, speculative decoding, SWA Bounded Replay, and structured output, while maintaining compatibility with NVIDIA and Huawei Ascend platforms. DeepSeek noted that it has already realized high-throughput, low-latency large-scale inference services for DeepSeek V4.1 Flash based on DeepInfer, and future inference code for new models along with subsequent optimizations will continue to be updated within this framework.
Odaily reports: The Tesla Roadster has sparked heated market discussion with its "flying car" concept, but controversy has followed accordingly.Recently, CBS News inquired with the U.S. Federal Aviation Administration (FAA), which responded that the Tesla Roadster does not meet the FAA's definition of an aircraft. The National Highway Traffic Safety Administration subsequently stated that even if the vehicle visually challenges the laws of physics, Tesla must ensure it complies with applicable motor vehicle safety standards, and drivers must also obey local road regulations. In other words: the Roadster is not a flying car.In addition, based on reporting by overseas media outlet MotorTrend and technical conditions, the flight time of the demonstration vehicle that completed three jumps at the Roadster launch event depends on its gas storage capacity. Under full-thrust conditions, the flight time cannot even last 2 seconds, while the subsequent inflation time is as long as 6 to 7 hours. And based on a gas storage capacity of 250 kilograms, under full-thrust conditions, the flight time still cannot last more than 6 seconds. (Dongchehui)
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.
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.
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.
Polygon announced the launch of Polygon CDK Besu, enabling banks and financial institutions to deploy private blockchains based on Hyperledger Besu and connect to other blockchains and their liquidity via Agglayer from day one. It currently supports deployment on the Ethereum mainnet.
Ethereum Research Forum researcher Pierre proposes a faster, aggregatable, and quantum-resistant privacy pool scheme. The scheme ports a Tornado Cash-like privacy pool onto the hash-based SNARK system Flock, which may offer post-quantum security, and adopts SHA-256. It replaces large circuits with small “single-pass” compression circuits.
Odaily reports: According to an official announcement, Binance has announced an upgrade to the "Write to Earn" program on Binance Square, adding participation rewards based on genuine engagement (comments, likes, and follows). Starting from 00:00 (UTC) on October 19, 2026, eligible creators can earn weekly participation rewards based on the quality of content engagement, in addition to trading commissions. Creators ranked in the top 100 by weekly base commission in the live streaming category can receive additional bonus commissions. Rewards will be distributed in USDC to spot accounts by 23:59 (UTC) on the Thursday of the following week.
Vitalik Buterin (@VitalikButerin) stated that the ideal path for supporting various cryptographic algorithms lies in EIP-8288: users locally generate arbitrary signatures, produce STARK proofs, and submit them on-chain via a STARK aggregator. This avoids consuming calldata on-chain, so Ethereum no longer needs to add new precompiles. He also noted that if lattice cryptography (Lattice) is proven to be secure against AI attacks, it could still be utilized for accounts, wallets, and similar applications via precompiles in the future. Previously, Starknet co-founder Eli Ben-Sasson pushed back against related views from a16z, arguing that the rich mathematical structure of lattice cryptography makes it susceptible to AI attacks. Furthermore, the simplified variant based on Module SIS only emerged in 2012 and lacks sufficient maturity. He recommended waiting another three to five years until AI has thoroughly stress-tested these approaches before deploying them to custody large asset balances.
Odaily Report: Former Mt. Gox CEO Mark Karpelès posted on X platform, criticizing that if Ledger had disclosed the relevant issues in a more timely and effective manner, rather than only publishing an inconspicuous article on Ledger Academy, losses exceeding $90 million might have been avoided. He also questioned why Ledger had not maintained sufficient vigilance regarding mass-produced advanced implant devices.In response, Ledger CEO Pascal Gauthier questioned Mark Karpelès's stance, stating that Ledger has always done its utmost to protect users. He said that related security work is extremely challenging and acknowledged Karpelès's concern about the matter, but demanded that he speak based on known facts and avoid speculation. He also remarked sarcastically: "Come on, you're no white knight, be realistic."
Odaily reports: Goldman Sachs CEO David Solomon said during the October 13 earnings call that tokenization is becoming an important trend spanning multiple asset classes and could bring more products, clients, and business. The bank has already tokenized bonds, money market funds, and real estate for some clients.DeFi, prediction markets, and automated trading are also under discussion, but Goldman Sachs has not announced related specific products. Solomon said blockchain-related activity remains relatively small in scale at present.Goldman Sachs uses its proprietary GS DAP platform to provide blockchain-based financial asset infrastructure and participated in the tokenization service launched by the Depository Trust & Clearing Corporation (DTCC) in July, and is evaluating scalable applications. Solomon said tokenization can reduce costs, automate processes, and improve liquidity across asset classes.Solomon said Goldman Sachs supports the passage of the CLARITY Act, despite reservations about some provisions, and is participating in discussions with regulators on market rules. The bank reported third-quarter net revenue of $18.68 billion, with equities business revenue up 72% year-over-year to $6.4 billion. (Bitcoin.com News)
Odaily News: Decentralized perpetual contract exchange Deepsigma has launched a real-time simulated trading platform covering 77 traditional financial markets, including U.S. stocks, stock indices, commodities, and U.S. Treasury yields. The platform is built on the Cypherium blockchain and is being advanced by a team of alumni from Goldman Sachs, Citadel Securities, Google, and Uber, supporting long and short exposure trading for the relevant assets.Deepsigma's perpetual contracts do not tokenize, custody, or physically deliver the underlying assets; instead, they track prices through external market data sources. The platform currently supports contracts on the S&P 500 Index, Dow Jones Industrial Average, Nasdaq Composite Index, Russell 2000 Index, Cboe Volatility Index, as well as crude oil, gold, silver, natural gas, and copper.The platform's risk engine employs multiple external price sources, mark prices, circuit breakers, partial liquidations, and an insurance fund, and uses a central limit order book and a clearing layer to handle margin, collateral, and settlement. Deepsigma is also developing a zero-knowledge proof-based decentralized identity framework and configuring off-chain AI analytics tools with unfunded execution permissions; the underlying Cypherium adopts a hybrid PoW and HotStuff Byzantine fault-tolerant consensus mechanism and holds 4 U.S. patents. (Bitcoin.com News)
Odaily News: LayerZero Labs, in collaboration with the a16z Crypto research team, Carnegie Mellon University, and Imperial College London, has released new research findings on Aerie, aimed at improving the aggregation efficiency of post-quantum cryptographic signatures.According to the introduction, Aerie is built upon the previously launched lattice-based polynomial commitment scheme Akita. On a MacBook Pro equipped with an Apple M4 Max chip, using 16 CPU cores without GPU acceleration, it can aggregate 32,768 Falcon-512 signatures in 0.65 seconds, with peak memory usage of approximately 2.1 GiB.LayerZero stated that compared to the previous Orthus scheme, Aerie achieves approximately 1.5x faster proof generation, 38x faster verification, and approximately 1.7x smaller proof size. Additionally, Aerie supports aggregation of ML-DSA signatures standardized by the National Institute of Standards and Technology (NIST), with specific performance data to be released later.This research aims to provide a technical pathway for blockchain to achieve low-latency, post-quantum secure consensus without requiring specialized hardware.
Gerald Podobnik stated Deutsche Bank will launch its first digital asset service within weeks. In the first phase, it will roll out crypto custody in Germany, supporting major cryptocurrencies such as Bitcoin and Ethereum, and will subsequently add mainstream stablecoin redemption services. The bank plans to expand its custody platform to Asian financial hubs next year and offer tokenized deposit services, helping clients issue digital bonds and other blockchain-based securities.