News linked to both this project and an event.
According to The Wall Street Journal, OpenAI fired three security researchers. Internal security staff previously discovered that they had been exchanging disappearing messages via Signal with external AI safety researchers, and suspected that the chats contained sensitive information, including details about OpenAI’s internal model design. The investigation reportedly began following a September article on OpenAI’s latest model, Astra. The report noted that Astra employs a new design that enhances model capabilities while reducing human-observable reasoning processes. OpenAI viewed the article as a potential leak of internal model design and began tracing the source.
According to The Wall Street Journal, SK Hynix has officially called off the U.S. IPO plan for its memory chip subsidiary Solidigm and terminated the concurrent pre-IPO financing. The company said the decision was primarily based on recent capital market conditions and stock price trends, and does not signal any changes in Solidigm's business outlook or investment needs.
According to an official press release from FORT Robotics, physical AI security platform FORT Robotics announced on October 22 that it secured approximately $20 million in new investment commitments from existing investors. Tiger Global led approximately $10 million of the financing round, with Mark Cuban Companies participating, and the closing is expected to take place within this week. Tiger Global also committed an additional $10 million to the PIPE (private investment in public equity) transaction scheduled to close concurrently with the merger. Including previously announced PIPE commitments, the total committed capital for FORT’s proposed business combination with Newbury Street II Acquisition Corp. (NASDAQ: NTWO) has exceeded $50 million. Following the completion of the merger, the company will be renamed FORT Robotics Holdings, Inc., and plans to list on NASDAQ under the ticker symbol “FROB,” pending regulatory approval.
According to The New York Post, which cited sources familiar with the situation, prediction market platform Polymarket has terminated its Chief Marketing Officer, Matthew Modabber. He is a high school classmate and close ally of CEO Shayne Coplan, and has served in the role since January 2024. Prior to this, the company conducted an internal investigation into multiple controversies involving Modabber. In one instance, as reported by The Wall Street Journal in June, his team allegedly created fraudulent websites to promote staged videos claiming users had profited from fake trades. This incident prompted an investigation by the U.S. Commodity Futures Trading Commission (CFTC), though no violations have been confirmed to date. Separately, Politico reported that he allegedly used a personal PayPal account to pay influencers for promotional content without disclosing the business relationship. Sources stated that Coplan was initially frustrated with the legal team driving the dismissal decision, but later came to agree that terminating Modabber was in the best interest of the company. Board members believe Modabber hindered efforts to distance the company from its grassroots startup image amid preparations for a potential initial public offering (IPO). Both parties are currently finalizing the terms of his departure agreement, and Polymarket has declined to comment.
According to The Straits Times, Edward Robinson, Chief Economist at the Monetary Authority of Singapore, stated on October 20 at the Beijing Financial Street Forum that while central banks may consider easing monetary policy once artificial intelligence generates widespread productivity gains, the current AI investment boom is fueling demand, requiring policies to remain appropriately restrictive. He noted that AI-related investments are driving economic growth, but the technology has yet to deliver significant productivity improvements across the broader economy, and urged a gradual, data-dependent approach. The Monetary Authority of Singapore tightened monetary policy in April and July 2026 due to rising inflation risks, and maintained its stance unchanged in October; its October 14 statement warned that if the AI boom generates wider economic spillovers and pushes up unit labor costs, domestic inflation could remain elevated. Robinson said that AI-driven electronics accounted for more than 70% of Asia's export growth this year, but growth in industries producing AI-related technologies was driven primarily by increased investment and more intensive use of existing resources rather than efficiency gains. Citing OECD estimates, he added that with sufficiently broad adoption and appropriate investment, AI could boost annual total factor productivity growth by as much as 0.6 percentage points.
The Financial Street Forum Annual Meeting has opened and regulators are set to speak, while leading A-share companies such as Montage Technology launch share buybacks. NVIDIA states that the RTX 5090 shortage is merely due to capacity constraints. Protests occur in multiple European countries and the euro declines, as Iran's new defense minister is approved.
According to Bloomberg, Hyperliquid founder Jeff Yan stated during an interview with the Bloomberg Odd Lots podcast that U.S. regulatory obligations for cryptocurrency trading platforms should fall on financial institutions operating markets on the Hyperliquid blockchain, rather than on the blockchain network itself. This strategy aims to facilitate the platform's expansion into Wall Street while sidestepping the comprehensive compliance burdens of traditional exchanges. Currently, U.S. regulators are discussing how to incorporate offshore cryptocurrency trading platforms into the domestic financial regulatory framework.
According to a Wall Street Journal investigation, during his push for the GENIUS Act, the consulting firm Nxum, which he co-founded and holds equity in, established a commercial relationship with Tether. Citing internal documents, communications, and payment records, the newspaper reported that Tether paid over $6 million to Nxum, which was distributed among three partners.
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)
Odaily News: On November 12, from 15:30 to 16:30 (UTC), Gate Founder and CEO Dr. Han will be invited to attend and speak at The Oxford Union. The event will be held at The Oxford Union on St Michael's Street, Oxford, UK. Founded in 1823, The Oxford Union is an independent student debating society with over 200 years of history. It has long invited political and business leaders, renowned actors, Nobel laureates, and other distinguished figures from various fields to speak, and has historically hosted many notable figures including Albert Einstein.As one of the world's leading cryptocurrency trading platforms, Gate was founded by Dr. Han in 2013 and now serves over 61 million users globally, covering asset management, trading, payments, and other financial and lifestyle scenarios. Gate is also continuously expanding its digital financial services footprint, driving the connection between digital assets, fiat currencies, and payment services through Gate Money. Dr. Han's appearance on this international exchange platform will also create new opportunities for dialogue between Gate and global thought leaders and the next generation of talent, continuously expanding the connection between digital assets and traditional finance, and further showcasing Gate's practices and insights in global digital asset industry positioning, product innovation, and compliance development.
Odaily News — Jeff Yan, co-founder and CEO of decentralized exchange Hyperliquid, said at Token2049 Singapore that Wall Street's traditional wealth creation model is unsustainable for most participants. Assets such as company stocks are often only opened to the public after listing, causing retail investors to miss the main growth gains before listing.Jeff Yan stated that Hyperliquid's primary goal is to expand wealth creation opportunities and participation in the financial system, and that revenue is merely a byproduct of delivering user value, not an optimization target. Its perpetual contracts have no expiration date, which can reduce the number of decisions traders need to make and avoid liquidity fragmentation.Hyperliquid generated $72 million in revenue over the past 30 days, ranking third among the highest-revenue DeFi protocols. In July this year, Pantera said that onchain perpetual contracts may become a mainstream trading tool in global financial markets due to their structural advantages.Jeffrey Sprecher, CEO of Intercontinental Exchange, the parent company of the New York Stock Exchange, previously called on regulators to create a level playing field for around-the-clock onchain perpetual contracts. In March this year, NYSE partnered with tokenization platform Securitize to develop blockchain-based stock trading infrastructure. (Cointelegraph)
According to The Wall Street Journal, U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig announced on October 5 that the CFTC has formally proposed its first set of regulatory rules for the cryptocurrency market, aimed at promoting innovation and protecting investors. Previously, as Congress failed to pass legislation clarifying the federal legal status of crypto assets, the CFTC and the SEC turned to relying on existing statutory authority to take the lead in developing market structure rules. During the previous administration, the two major regulators primarily targeted crypto exchanges, custodians, and software developers through enforcement actions, prompting a large number of crypto companies to relocate overseas. The introduction of the new rules marks a significant shift in U.S. federal crypto regulation from a strategy of "enforcement instead of legislation" to "proactive rulemaking".
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.
According to Cointelegraph, Greece has been added to the EU's MiCA registry for the first time, with BCash, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank receiving authorization. The total number of registrations under ESMA now reaches 359. Among them, the first three are supervised by the HCMC, while Piraeus Bank is regulated by the Bank of Greece, demonstrating Greece's dual-track regulatory framework for MiCA. Previously, Binance applied for MiCA authorization in Greece. If approved, it could have leveraged the passporting system to offer services across Europe, but it voluntarily withdrew the application on June 24. On September 18, the Wall Street Journal reported that ECB President Lagarde had intervened, asking the Greek prime minister to prevent the application's approval. The HCMC explicitly denied this to Cointelegraph, stating that no officials had communicated with ECB staff regarding Binance's application, and that the report's claims were entirely untrue. Both Binance and the ECB declined to comment.
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.
After the SEC approved a pilot program for tokenized stock trading, Wall Street investment bank analysts pointed out that due to high compliance costs and liquidity constraints, actual market demand for tokenized stocks remains very limited.
JPMorgan Chase and banks such as Citigroup are using blockchain technology to process massive funds, but tokenization solutions are primarily aimed at institutional investors rather than retail consumers. Capital fragmentation and compliance pressures resulting from legacy systems are the main reasons.
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: Coinbase Global announced that it has submitted an application to regulators seeking to list perpetual futures contracts (Perps) tied to major U.S. stocks. Perpetual futures are leveraged derivative contracts with no expiration date, allowing traders to amplify gains or losses through leverage. This move marks Coinbase's further expansion into the traditional financial derivatives market. (The Wall Street Journal)