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Bank of America strategists warn that the debt financing boom for AI infrastructure is driving up borrowing costs for developing countries. In the second half of this year, the average yield on emerging market dollar bonds has surged by nearly 1 percentage point. Amazon and Google's parent company Alphabet Inc. have issued about $70 billion in debt, while the international bond issuance by emerging market sovereign borrowers has halved to $45 billion.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a large holder who accumulated 5,147 ETH at an average price of $1,886.7 from August 12 to 13, 2026, transferred 5,170 ETH to Tornado Cash for "washing" in batches 5 hours ago, worth approximately $12.82 million.This portion of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer is unknown.

According to a report by Reuters on October 12, the generative AI character dialogue platform Character.AI announced on Monday that it has filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some assets to Walt Disney for $20 million.The company has initiated a court-supervised asset sale process, which includes licensing some intellectual property, and is seeking court approval for auction rules, designating Disney as the lead bidder. Disney's bid will serve as the baseline offer, and other bidders may submit higher bids. The company expects the sale process to be completed in late November or early December 2026 and plans to continue operations during the process, including the Character.AI platform.Character.AI CEO Colin Adams stated that the board determined, after a comprehensive assessment of options, that this court-supervised sale process is the most beneficial for maximizing value for all stakeholders. According to court documents, the platform's owner, the American company Character Technologies, has estimated assets and liabilities between $50 million and $100 million.

According to Coinglass data, the Coinbase Bitcoin premium index has remained negative for 20 consecutive days, currently reported at -0.1398%, setting a recent low, indicating that purchasing power in the U.S. market continues to weaken.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.

According to official news, Payy announced the initiation of the compensation process for affected users regarding the cross-chain bridge contract theft incident on September 24, with a claim application window of 30 days. Compliant claims will be compensated in the form of USDC on the Ethereum network.At the same time, Payy Wallet is currently in a suspended state and will be completely shut down after the compensation window ends.

According to the updated data from the official website of the Hong Kong Securities and Futures Commission, the virtual asset trading platform license application submitted by Matrixport HK was withdrawn on October 12.Matrixport HK had submitted the virtual asset trading platform license application to the Hong Kong Securities and Futures Commission on February 26, 2024.

According to Bloomberg, European venture capital firm Sprints has completed the fundraising for its fifth fund, totaling 725 million euros (approximately 810 million dollars). Henrik Persson, co-founder and managing partner of the firm, stated that the fundraising took about a year, and more than half of the funds have already been deployed for investments in new companies and the existing portfolio, with investors including endowment funds, foundations, pension funds, and family offices.Sprints made early investments in Revolut and is the largest shareholder of the second-hand trading app Vinted, as well as investing in Flightradar24 and payment company Checkout.com. Its invested AI customer service company Fin was acquired by Salesforce this year for 3.6 billion dollars. Persson mentioned that the firm has not invested in any foundational AI companies, as most of these companies have not yet developed a business model.

Catherine Chen, the head of VIP and institutional business at Binance, stated in an interview with The Block during Token2049 that traditional hedge funds, which previously took a wait-and-see approach, are now showing a stronger interest due to the emergence of arbitrage opportunities related to traditional financial instruments such as cash stocks and perpetual contracts on crypto platforms.She pointed out that the improvement in market depth, combined with 24/7 trading and weekend price discovery mechanisms, makes these opportunities more realistic. She also mentioned that when the same tools are offered on second- and third-tier platforms or in DeFi venues, liquidity often falls short of hedge funds' needs. However, she emphasized that this process is still in its early stages and does not expect a surge in capital inflows overnight, with the next 12 to 18 months being worth close attention.Similar changes are happening on the other side of the market. Chen indicated that their crypto-native clients are incorporating more tools linked to traditional financial products to build hybrid investment portfolios. The data she cited showed that the scale of Binance's cash stock assets has increased from about $800 million to $900 million to $1.4 billion, while the trading volume of traditional financial perpetual contracts has risen from about $20 billion to $30 billion per month when launched at the beginning of this year to about $400 billion every 30 days. She believes that tokenization and cross-asset trading are still in their early stages, and regulatory clarity will determine the ultimate integration of traditional and crypto trading more than the product offerings of a single platform.

According to the market information platform Liquid247.xyz, the current price of BTC is $83,384. The thickest order book is on Binance spot: buy orders of $13.407 million, sell orders of $12.9884 million, with buy orders exceeding sell orders by $418,700.OKX perpetual buy orders are also thicker than sell orders, but the scale is smaller. If there are large buy and sell orders, exchanges with thinner order books will be driven first, and price fluctuations will be more pronounced.

According to the official announcement, Bitget has launched ZCSH (Grayscale Zcash Trust) and SNPS (Synopsys) perpetual contracts. The above contracts are settled in USDT, supporting up to 20 times leverage and 24/7 trading. As of now, Bitget supports a total of 348 stock perpetual contract underlying assets.

According to monitoring by Lookonchain, SkyAI, which has held over 2 million SOL worth approximately 214 million USD, has recently been selling a large amount of SOL. SkyAI has disclosed that it recently sold 1 million SOL, worth about 107 million USD, and stated that it may continue to sell.On-chain data shows that since October, SkyAI has transferred out 1.57 million SOL, worth approximately 175 million USD. Its average purchase price was around 194 USD, and it currently has an unrealized loss of over 160 million USD.

According to Bloomberg, Tencent Holdings has begun marketing dollar and offshore renminbi bonds, with an issuance scale of approximately 5 billion dollars, and the funds will be used to support its artificial intelligence investments.According to informed sources, the preliminary price guidance for the proposed 10-year and 20-year dollar bonds is approximately 115 basis points and 140 basis points above comparable U.S. Treasury yields, respectively. The guidance for the concurrently marketed 10-year and 30-year offshore renminbi notes is approximately 2.9% and 3.5%, respectively.

According to Bitcoin News, the Bitcoin Lightning Network development kit LDK has fixed multiple security vulnerabilities, including a channel reconnection vulnerability that could be exploited by malicious counterparties, leading to the theft of funds. The LDK official released versions 0.1.13, 0.2.7, and 0.3-rc3 on October 3, recommending operators interacting with untrusted channel counterparties in production environments to upgrade. Currently, the related disclosures have not confirmed any actual losses caused by these vulnerabilities.

The IMF World Economic Outlook report predicts that the global real GDP growth rate will be 3.1% in 2026, up from the July forecast of 3%, as investments in artificial intelligence have alleviated the energy price shocks in major economies.The forecast for the global economic growth rate in 2027 is 3.4%, unchanged from the July forecast.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.35 billion dollars, with long positions totaling 3.892 billion dollars, accounting for 46.61% of the holdings, and short positions totaling 4.458 billion dollars, accounting for 53.39% of the holdings. The profit and loss for long positions is 247 million dollars, while the profit and loss for short positions is -218 million dollars.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2322.64 dollars, currently showing an unrealized profit and loss of -15.4991 million dollars.

The world's largest asset management company BlackRock, under the BlackRock Investment Institute, has adjusted its asset allocation in the United States, ending nearly six years of an underweight position on U.S. Treasury bonds. The institution has upgraded the rating of short-term U.S. Treasury bonds to overweight, while the rating for long-term U.S. Treasury bonds has been raised from underweight to neutral. Additionally, the ratings for U.S. stocks and U.S. agency mortgage-backed securities (MBS) have been downgraded from overweight to neutral.BlackRock strategists stated that current U.S. Treasury yields have risen to attractive levels, and the interest rate swap market's expectation of the Federal Reserve raising rates at least three times in the next 12 months, with each increase of 25 basis points, may be excessive. The downgrade of the U.S. stock rating is mainly to address potential market volatility brought about by the construction of artificial intelligence infrastructure and the recent risk of rising financing costs. However, the institution remains constructive on the long-term investment prospects in AI-related fields. Furthermore, BlackRock has also reduced its underweight position in Japanese government bonds.

The computing power and inference cost trading platform Itô co-founder Affaan announced that the Itô team has joined the trading company Jump Trading, responsible for its computing power trading business. Affaan and co-founder Alejandro stated that the team will lead the newly established internal computing power trading desk at Jump Trading and has begun trading in this emerging market.According to their introduction, Itô initially hoped to leverage the new contract market to help enterprises address the centralized AI supply chain risks that the existing system struggles to cover. After communicating with over a thousand funds, enterprises, venture capital institutions, and related practitioners, the team focused on the intermediate market for computing power and inference costs. They noted that the common contract duration for capacity is 3 to 5 years, with about 30% requiring prepayment, while the revenue for late seed round to Series C companies is mostly settled monthly and based on usage, and the secondary market prices for popular chips are also quite volatile.Affaan also mentioned that the total contract value for related medium market clusters sometimes ranges from hundreds of millions to several hundred million dollars. Itô previously built a platform as an end buyer, with team members' backgrounds including Goldman Sachs' credit basket business, open-source engineering tools, and supercomputing cluster research. They stated that Jump Trading's conditions in credit, risk control, trading experience, and hardware led them to choose to advance this business through an internal trading desk.

Investment bank TD Cowen's Washington research group Managing Director Jaret Seiberg stated in a report released on Monday that the proposed rulemaking advance notice issued by the CFTC last week is a positive step for crypto platforms, but the agency may not complete the rulemaking until early 2028. As the 2028 election cycle approaches, there is a risk that the rule may ultimately not be implemented. Seiberg noted, "Time is running out," and expects that the CFTC will not issue proposals until the end of the first quarter or early second quarter of 2027, with final rules possibly not being finalized until early 2028.Last week, the CFTC proposed a federal regulatory framework for crypto platforms but avoided direct jurisdiction over spot market trading. According to Seiberg, the proposed rules will require platforms to maintain "reserve proof audits" and grant the CFTC jurisdiction over state-licensed platforms. Previously, the U.S. Senate failed to pass legislation that would grant the CFTC broad powers over spot crypto trading in a preliminary vote, leading the CFTC and SEC to intervene in regulating the crypto industry, including the introduction of long-awaited innovation exemptions, but both agencies lack the permanence that legislation could provide.Seiberg also pointed out that if the CFTC decides to expedite the rulemaking process, it may actually increase the risk of court intervention. He stated that speeding up this process would raise the risk of judges blocking the rule on procedural grounds, and even if the agency is cautious enough, legal challenges could extend beyond 2028.