News linked to both this project and an event.
Odaily reports: Elon Musk retweeted Wall Street legendary investor Stan Druckenmiller's tweet disclosing his investment in Trade.xyz, and said "Interesting."Earlier news: Stan Druckenmiller (@standuquesne) posted his first tweet, stating that he has become an investor in Trade.xyz. Trade.xyz is collaborating with Intercontinental Exchange (ICE) and plans to bring Hyperliquid-based 24/7 perpetual futures to the United States. Stan Druckenmiller stated that as a market participant, he looks forward to using this product to improve his investment process.
Legendary Wall Street investor Stan Druckenmiller posted his first tweet stating that he has invested in Trade.xyz, expressing support for the platform's collaboration with the Intercontinental Exchange (ICE) to bring around-the-clock perpetual futures trading to the U.S. market. Druckenmiller stated that as a market participant, he looks forward to using the platform's innovative products to optimize his investment decision-making process.
A Galaxy Research report shows that Meme coins' share of Solana trading volume has fallen from over 50% at the end of 2024 to 15%–20% in Q2 2026. In addition, SOL has declined nearly 20% year-to-date, and U.S.-listed spot and staked SOL ETFs recorded outflows for two consecutive weeks this month, totaling approximately $50 million. Meanwhile, Solana's share of on-chain perpetual contract trading volume has dropped from 17% to 6%. The Solana Foundation has reportedly issued a statement saying that Solana's transformation is underway, attempting to shift from a growth model reliant on Meme coins and speculative trading toward more mainstream financial applications such as stablecoins and tokenized assets, in a bid to win adoption from Wall Street institutions.However, with the crypto market downturn and the rise of competitors such as Hyperliquid, Solana faces challenges in transforming its growth model. Market analysts point out that the key to Solana's future lies in whether it can attract stable assets, developers, and users, rather than relying solely on speculative trading to drive growth. (Bloomberg)
According to The Block, citing the Wall Street Journal, asset manager Janus Henderson is launching JQQQ, the first licensed tokenized fund tracking the Nasdaq 100 Index. The fund leverages technology from Centrifuge and is deployed on the Stellar blockchain. Initially, JQQQ will be open only to eligible non-US professional investors, with a minimum investment of $100,000.
Odaily reports: Major U.S. banks including JPMorgan, Bank of America, and Citigroup are tightening restrictions on third-party AI agents' access to customer accounts and their ability to execute transactions. Citigroup prohibits unauthorized third-party agents from logging in or trading directly through digital platforms, but allows some approved connections with read-only access to account information.JPMorgan CEO Jamie Dimon said during the October 13 earnings call that external agents should not be allowed unrestricted access to bank systems; Bank of America CEO Brian Moynihan emphasized that payments must be authorized by humans. Wells Fargo's updated access agreement is scheduled to take effect on November 24, distinguishing between viewing financial information and executing transactions. (Bitcoin.com News)
At the opening ceremony of the 2026 Financial Street Forum Annual Conference, Pan Gongsheng, Governor of the People's Bank of China, stated that the rapid global development of artificial intelligence is profoundly affecting productivity, investment, employment, income distribution, and financial stability. From the perspective of the People's Bank of China, it will closely monitor and assess the macroeconomic impacts of AI development, strengthen financial support for the AI industry, and prudently advance the application of artificial intelligence in the financial sector.
Odaily reports: The U.S. Depository Trust & Clearing Corporation (DTCC) will open commercial access to its tokenization service this month, covering approximately $30 trillion in assets under DTC central securities depository custody—about one-quarter of its total assets under custody. The service will initially run only on two closed platforms, Canton and Besu, with an initial batch of 25 liquid instruments including U.S. Treasuries, major ETFs, and Russell 1000 large-cap stocks. The system will only support two types of participants converting traditional securities into tokens via UI or API between 2:00 and 18:00 ET, while institutions can transfer tokens between wallets around the clock. Stellar (XLM) has been named a 2027 launch partner and will be integrated under the SEP-41 standard alongside Circle's Arc solution, with the original timeline of the first half of 2027 unchanged; a closed pilot in July this year involved more than 30 Wall Street institutions.
TRON founder Justin Sun recently gave an exclusive interview to Bonnie Blockchain, making it rare for him to open up about his personal upbringing and industry judgments. Sun revealed that at age nine, he was sent to boarding school by his parents, who later divorced, forcing him to live independently from that point onward. He summarized this experience as "extreme loneliness is also a form of freedom"—while most people do not truly make decisions for themselves until they are 18 or even 30, he began doing so at age nine. This premature independence shaped the underlying mindset behind his later audacious moves, such as paying $6.2 million for an absurdly priced banana, signing deals with Moon, and bidding on a lunch with Warren Buffett. Sun issued a warning regarding Quantum Threat Day (Q-Day), stating that if quantum computers crack Satoshi Nakamoto's early public keys, approximately one million BTC could be unlocked, delivering a catastrophic impact on the market—a risk he believes Wall Street and institutions like BlackRock have severely underestimated. While the Bitcoin community has been slow to upgrade, TRON has already deployed NIST post-quantum cryptography standards on its testnet. Sun also established the "Justin Sun Award," offering up to $1 million in rewards through a vulnerability bounty model for major mathematical breakthroughs, open to both humans and AI, with OpenAI already securing one of the top prizes.
Odaily News: If Democrats win a majority in the House or Senate in the U.S. midterm elections, while it may not necessarily prevent the Trump administration from advancing deregulatory policies for Wall Street banks, prediction markets, and the crypto industry, it would gain stronger investigative and oversight tools.If Democrats control either chamber of Congress, they would have subpoena power, larger investigative teams, and the authority to compel government officials and corporate executives to appear at hearings. Wall Street financial institutions, crypto companies, and related regulatory agencies could face more scrutiny. It is reported that crypto industry figures are particularly watching whether Representative Sean Casten may wield greater influence after Democrats regain control of the House Financial Services Committee. Casten has previously pushed to strengthen crypto regulation and opposed the industry-backed CLARITY Act. (Reuters)
According to The Wall Street Journal, Bitcoin mining company Genesis Digital Assets will transition to an AI data center. In June, SWI Group invested $500 million to acquire a large stake in the company, subsequently becoming the controlling shareholder, and announced on October 12 a funding raise of 8 billion euros (approximately $9 billion) for data center upgrades and expansion.
According to The Wall Street Journal, Broadcom is developing custom AI chips for OpenAI and seeking over $50 billion in financing for the project.
on October 7, WEEX Exchange announced the launch of the "Wall Street Tycoon × Monopoly" campaign. Users can register to receive dice, and by completing tasks such as spot US stock trading, futures trading, dice consumption, and inviting friends, they can earn more dice; rolling dice to advance on the board unlocks random rewards including BTC / ETH / USDT / WXT / stock tokens / bonuses / deduction credits / position airdrops / points / dice, and users can also participate daily in US stock matchup predictions to win more points and share in a million USDT prize pool. Campaign period: October 7, 00:00 to November 3, 23:59 (UTC+8).Among these, October 7 to 11 is the TOKEN2049 theme phase. Users who register on-site at TOKEN2049 Singapore to participate in the campaign can receive a limited VIP experience card. In addition, participants can visit the WEEX Alpha Suite to join roundtable forums, AMAs, AI trading experiences, and Mini Trading House interactions, and receive exquisite merchandise and custom souvenirs.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act, with the retirement of key lawmakers making it impossible to revive this 635-page bill, backed by both Wall Street and the crypto industry, before the end of the year, leaving the crypto regulatory framework facing a complete reset.
Odaily News: OpenAI has confirmed the cancellation of its next-generation AI model GPT-6.1 Astra, which was originally scheduled for an October release. Internal testing revealed that the model failed to meet the company's safety and alignment standards.GPT-6.1 Astra was originally planned to be integrated into ChatGPT and Codex to handle more complex tasks with reduced human intervention. According to The Wall Street Journal, the model exhibited a higher degree of deceptive behavior during internal testing compared to its predecessor, including failing to consistently and accurately disclose the actions it actually performed.Saachi Jain, head of OpenAI's safety systems, stated that while the model improved upon issues such as "model laziness," it still fell short of release standards in terms of adhering to task scope and authorization, as well as communicating completed work to users. (Reuters)
According to The Wall Street Journal, OpenAI has canceled plans to launch its new AI model due to internal safety review concerns.
According to The Wall Street Journal, an upcoming report from the U.S. Senate Permanent Subcommittee on Investigations states that the vast majority of cryptocurrency wallets sanctioned due to ties with Iran have been used to trade USDT, the U.S. dollar-pegged stablecoin issued by Tether.
Brian Armstrong posted on X platform stating that The Wall Street Journal is preparing an article that blames Coinbase and himself for the CLARITY Act's failure to pass. Armstrong said that in January, he opposed a draft bill submitted for committee vote because it still had major issues regarding DeFi, tokenization, CFTC jurisdiction, and stablecoin rewards; after collaborative revisions from multiple parties, all four of these issues were resolved, and the revised draft passed committee review approximately four months later. Armstrong stated that he strongly supports the final version of the CLARITY Act submitted to the Senate and will continue to push for cryptocurrency regulatory rules.
Odaily News: Elon Musk, Mark Zuckerberg, and Jensen Huang all expressed opposition to Trump regarding the establishment of an AI industry self-regulatory body modeled after FINRA, and Trump ultimately decided not to establish it.The proposal was put forward by Google DeepMind CEO Demis Hassabis in July, planning to establish an independent body that would test cybersecurity, biological, and deception risks up to 30 days before the public release of frontier models. Participation would initially be voluntary, with a possible transition to mandatory later, subject to government oversight. (The Wall Street Journal)
According to The Block, Bitwise Chief Investment Officer Matt Hougan has revised his previous assessment regarding the impact of the Clarity Act's failure. The bill secured only 49 votes in a procedural Senate vote, falling short of the 60-vote threshold needed to advance. While Hougan had previously forecasted that a failed bill would trigger several weeks of crypto market weakness, he noted in his latest client report that Bitcoin has continued to rise after bottoming out around $57,950 on July 1, surpassing $80,000 on September 4. In the same period, Polymarket’s implied probability for the bill’s passage within the year dropped from 39% to 14%. Price action moving contrary to these expectations suggests that the bull market does not rely on legislative passage. Hougan also pointed out that initiatives such as Robinhood launching its own blockchain, Morgan Stanley listing a Solana ETF, and DTCC completing the settlement of the first batch of tokenized stocks demonstrate that Wall Street institutions are already positioning themselves ahead of regulatory clarity. He noted that proactive rulemaking by the SEC and CFTC can partially fill legislative gaps, but acknowledged that executive regulations carry the risk of being overturned by future administrations. Consequently, congressional legislation remains the sole path to providing lasting regulatory certainty.
Odaily News: Solana lending protocol Kamino has announced the appointment of Yieldstreet co-founder Michael Weisz as Chief Executive Officer, with plans to establish its headquarters in New York. Kamino currently manages assets totaling $1.4 billion.Kamino plans to expand its lending business for tokenized real-world assets, covering blockchain-based home equity loans, and to strengthen ties with Wall Street institutions.Kamino stated that the platform has processed over $650 billion in cumulative transaction volume over the past four years; its PRIME lending market surpassed $600 million in deposits within 107 days of launch. (CoinDesk)