News linked to both this project and an event.
Odaily report: Variational founder and CEO Lucas Schuermann participated in an X Space event hosted by The Rollup founder Andy last night, during which Lucas disclosed some details about Variational Pro. The community's key takeaways are as follows:1. Variational Pro will focus on the institutional OTC derivatives market, covering options, interest rates, foreign exchange (FX), and structured products. OTC derivatives are one of the largest financial markets globally, with outstanding notional value of approximately $850 trillion, while Bitcoin derivatives open interest stands at around $100 billion. Although the two use different statistical methodologies, this is enough to give you an intuitive sense of the scale gap.2. Variational Pro's business scale will ultimately surpass Variational Omni. Traditional OTC derivatives trading methods remain outdated (requiring calls to bank trading desks for quotes, manual price negotiation, back-and-forth contract exchanges, managing collateral and counterparty risk, and manual execution of clearing and settlement processes). Variational Pro aims to automate this process through multi-dealer request-for-quote (RFQ), smart contracts, and stablecoin settlement.3. Some of Variational Pro's trading instruments (including options) may eventually be opened to retail users on Variational Omni. Currently, Variational has partnered with several mainstream institutional partners, and large clients are expected to onboard Variational Pro soon.
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
The B.AI platform has announced the official launch of MiniMax M3.1 Flash (also known as Space Bunny), with simultaneous availability via both API and Web Chat. Specifically engineered for complex office automation, software engineering, visual reasoning, and professional analysis, the model supports multi-step task execution, frontend implementation, and presentation creation, enabling developers and professionals to efficiently transform ideas into tangible outcomes.
MiniMax 表示，M3.1 Flash 已正式发布，此前登顶全球榜单、累计处理超过 200T tokens 的 Space Bunny 即为其早期版本。M3.1 Flash 在 Cowork、Coding 和 Visual Reasoning 等任务上分别取得 Automation-Bench 62%、ALE 30%、DeepSWE 74% 和 BabyVision 91% 的成绩。
The official MiniMax account posted a short video captioned "Welcome back, Space Bunny." This move was viewed as an official acknowledgment of the anonymous model Space Bunny. Since its launch in late September, the model topped the daily token usage rankings on both OpenRouter and OpenCode within three days, placing among the top three alongside DeepSeek V4.1 Flash and GLM 5.3 Flash.
the Spanish government approved Royal Decree 813/2026 on October 8, 2026, tightening anti-money laundering regulations. Under the new rules, all transactions at crypto ATMs in Spain must undergo reliable identity verification, whereas previously some small-amount physical terminal transactions did not require full identity verification. Operators will be given an 18-month transition period to deploy advanced electronic identity verification systems.
According to official disclosures from Spacecoin, Space Network has formally signed a $50 million binding booking agreement with Philippine infrastructure company HQ Company International Holdings to provide decentralized satellite communication services to the Philippines via the Freeport Low Earth Orbit (LEO) satellite network. Yongsoo Samuel Cho, CEO of HQ Company, is the grandson-in-law of former Philippine President Fidel Ramos, bringing extensive local resources and cross-border investment experience. Under the agreement, Space Network will be responsible for providing network access, hardware, and software technical support, while HQ Company will handle local commercial operations, spectrum licensing, and customer acquisition.
LayerZero has announced that due to low activity on certain blockchains, it will gradually cease providing off-chain support for them, and affected chains will no longer be able to use LayerZero's Decentralized Verification Networks (DVNs) and executor services. In the next 30 days, Aurora, Taiko, Japan Open Chain, LightLink, Viction, Animechain, XPLA, Merlin, Gnosis, Zora, Otherworld Space, XAI, and opBNB will be affected. Some chains will also lose Stargate Hydra support, and Stargate users should redeem their Hydra assets from these chains, including USDC.e, wETH, and Hydra USDT.
Odaily News: Sources reveal that Google is preparing to test-launch "Project Suncatcher," which plans to deploy solar-powered data centers carrying TPUs into space, utilizing solar energy to power AI computing. The specific test launch date and further technical details have not yet been disclosed. (Reuters)
According to France's Le Monde, the UAE will invest $1 billion through Marlan Space, a subsidiary of International Holding Company (IHC), into the French-American joint space AI startup Loft Orbital to build an observation satellite constellation consisting of 50 AI-enabled satellites. Unlike traditional satellites that transmit data back to Earth for analysis, the company plans to use AI to directly process images, videos, and measurement data collected by the satellites in space, with AI agents identifying anomalies and issuing alerts within seconds.
Odaily News, "White-Haired Stock Guru" Serenity stated on the X platform that following a series of Fact Sheets released by the U.S. government recently, the country's future priority industries and strategic directions can now be seen more clearly.Serenity pointed out that this week, the U.S. government released policy documents related to the "Golden Age of Space Transportation," with the space industry becoming a key area of focus. She believes that relevant policy goals will drive the development of the launch industry and may benefit space supply chain companies, including rocket manufacturers and other enterprises.The U.S. government has proposed a target of achieving 1,000 launch and reentry missions per year by 2030, with rocket companies such as Rocket Lab (RKLB) expected to be beneficiaries. In addition, Serenity stated that other policy areas of U.S. focus this month include: tariffs on drone components; cooperation on U.S. mining and critical mineral resources; adjustments to polysilicon supply chain tariffs; and other strategic industrial policies. By continuously monitoring U.S. government policy documents, it is possible to more directly assess the industry sectors that capital markets will focus on in the future, helping investors identify potential industrial opportunities.
According to Trend Research, an HSBC report released on August 18 spanning 12 industries points out that SpaceX's Starlink has crossed the inflection point for scale. As of June 30, it operates 10,200 satellites in orbit and serves 12 million broadband subscribers across 167 markets. Additionally, 7.4 million monthly active devices connect directly to mobile phones via satellite (Direct to Cell), covering 30 countries. Maersk has installed Starlink on more than 330 container ships, while United Airlines plans to upgrade 15 Boeing 737-800 aircraft per month. Starship aims to reduce launch costs to $100–$300 per kilogram, representing a decline of over 95% compared to historical averages. HSBC assesses that the space race is now benefiting terrestrial industries across three dimensions: From a communications standpoint, Starlink and ground-based telecom operators are predominantly complementary, filling coverage gaps in oceanic, desert, and post-disaster environments. Regarding compute infrastructure, orbital data centers currently cost three times as much as ground-based equivalents, acting mainly as strategic reserves; however, if TeraFab’s vertically integrated wafer fabs succeed, they could revolutionize the division of labor in the semiconductor industry. At the energy level, AI data centers have pushed the annual growth rate of U.S. power demand to 4%-5%, making renewable energy and the electrical grid the largest beneficiaries. Among the 12 industries covered, power, semiconductors, and robotics are being directly transformed.
Odaily News: At the company's first earnings call, SpaceX CEO Elon Musk stated that SpaceX's AI services will run "exclusively" on NVIDIA systems in the future.Musk noted that the company considers NVIDIA's Vera Rubin architecture to be the "best AI computing architecture." SpaceX expects its computing capacity to exceed 2 gigawatts (GW) by the end of this year, with plans to increase it to nearly 10 gigawatts by the end of next year.Additionally, SpaceX plans to deploy NVIDIA Vera Rubin NVL72 rack-scale systems both on the ground and in space, using them for the "Starmind" satellite project, with related satellites expected to begin launching next year.
Bitget PoolX will launch the project Space and Time (SXT). Locking SXT allows sharing 2,500 UNI, with an individual locking limit of 80 million SXT. The locking channel opens from 18:00 on July 31 to 18:00 on August 5 (UTC+8).
According to the official announcement, the Binance Futures Platform will list the SPCXUSD1 Perpetual Contract on July 20, 2026, at 17:00 (UTC+8 time), tracking the price of Space Exploration Technologies Corp. (SPCX), with maximum leverage up to 25x.
According to TechFlow Research, a Morgan Stanley report on July 10 pointed out that China's Long March 10B rocket completed its first orbital flight and successfully achieved sea recovery, becoming the third entity globally to master orbital-level rocket recovery technology, with the technical pathway now cleared. The Long March 10B is the reusable single-core version of the Long March 10 family, with a payload capacity of approximately 16 tons in reusable configuration. US Space Force officials estimated at the beginning of the year that China would need about 3.5 years to master rocket reuse technology, and this debut may accelerate this timeline.
10x Research released a report stating that the market generally believes Bitcoin's core value lies in hedging against currency debasement, but this is not its true investment thesis. The report argues that the core constraint facing decentralized currency is not monetary policy, but physical conditions, including energy, heat dissipation, and geographical jurisdictional limitations.The report points out that with the development of space infrastructure, the constraints of heat, electricity, and geographical limitations faced by data centers could be alleviated in orbital environments. The connection between SpaceX, Starlink, and Bitcoin may represent a long-term strategic layout centered around future infrastructure construction.10x Research believes that technologies such as satellites, encryption technology, and artificial intelligence can both promote the decentralization of power and potentially reinforce resource concentration. The world is competing around two sets of infrastructure systems.The report also compares Bitcoin with China's digital yuan, suggesting they represent different paths for digital infrastructure. It also notes that as populations gradually move away from traditional network systems, the business models of companies like Palantir may also be affected.
According to official announcements, Tencent Cloud has officially launched Agent Bucket, providing independent cloud space for a massive number of Agents to uniformly store user-uploaded materials and files such as reports, images, and code generated by Agents. The product introduces independent Space units under the Bucket to achieve fine-grained isolation and management at the single Agent or user level for access credentials, capacity quotas, read/write rate limiting, and more.
According to the official announcement, Bithumb will list the SPACE/KRW trading pair.
: According to official sources, MGBX will list the SPCXUSDT perpetual contract trading pair on June 12, 2026, at 23:00 (SGT).Trading Open Time: June 12, 2026, at 23:00 (SGT)Leverage: Up to 20x supportSPCX: Space Exploration Technologies Corp. is an enterprise integrating spacecraft manufacturing, launch services, and satellite communications. The company is committed to building future-oriented integrated hardware and software infrastructure covering space, connectivity, and artificial intelligence. SpaceX designs, manufactures, launches, and operates products and services based on cutting-edge technology, including the world's most advanced rockets and spacecraft.