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Goldman Sachs stated that the speed at which hedge funds are selling off technology stocks is the fastest in ten years.

According to Bloomberg citing sources, Japan's Daiwa Securities Group and Mizuho Financial Group have been notified that they can conduct wholly-owned securities business in mainland China. The relevant approvals were advanced after Vice Premier He Lifeng of the State Council received a senior Japanese trade delegation in March this year and discussed expanding bilateral trade and cross-border investment.A spokesperson for Mizuho Securities confirmed the news, stating that preparations for opening are ongoing, while a spokesperson for Daiwa Securities declined to comment. Daiwa Securities was approved by the China Securities Regulatory Commission in 2021 to establish a joint venture securities company with a 51% stake. In April this year, it spent about $100 million to acquire the remaining equity from its Chinese partner and received approval last week to complete the equity change, achieving full ownership.Mizuho Securities was approved to establish a wholly-owned securities company in October 2025, and after completing on-site inspections and operational reviews by regulatory authorities, it was issued a securities business license last week.

According to The Information, DeepSeek is collaborating closely with Huawei to jointly design the next generation of AI chips, aiming to build models that do not rely on NVIDIA's computing power. Insiders revealed that Huawei engineers have entered DeepSeek's office to understand its model architecture and algorithm requirements, and to test how the chips handle data transmission and compression, with the first compatible chip targeting Ascend 950DT.The report pointed out that this move comes as China pushes to reduce its dependence on American chips. Limited by TSMC's foundry services and U.S. export controls, Huawei's Ascend 950DT is planned for release in 2027, but mass production may be delayed until 2028. To address the chip shortage, DeepSeek is using the TileLang programming language to bypass CUDA restrictions, while still attempting to acquire the banned NVIDIA Blackwell chips through third-party data centers. In addition, DeepSeek is forming a chip team and has begun testing clusters with over 1,000 processors.

According to SoSoValue data, yesterday (Eastern Time October 19), the total net outflow of the SOL spot ETF was $6.7215 million.The SOL spot ETF with the highest net outflow yesterday was the Bitwise Solana Staking ETF (BSOL), which had a net outflow of $4.8816 million, and its historical total net inflow has reached $1.175 billion. The second was the Fidelity Solana Fund ETF (FSOL), with a net outflow of $1.8399 million, and its historical total net inflow has reached $230 million. As of the time of writing, the total net asset value of the SOL spot ETF was $1.625 billion, with a net asset ratio of 0.00%, and the historical cumulative net inflow has reached $1.551 billion.On the same day, the total net outflow of the ZEC spot ETF in the United States was $10.4472 million, while the NEAR spot ETF had a total net inflow of $5.4184 million. For ZEC, only the Zcash ETF (ZCSH) recorded a net outflow of $10.4472 million, with a historical cumulative net inflow of $15.2 million. As of the time of writing, the total net asset value of the ZEC spot ETF was $602 million, with a net asset ratio of 3.15%.For NEAR, only the Bitwise NEAR ETF (NRR) recorded a net inflow of $5.4184 million, and the historical cumulative net inflow of this fund was $88.4653 million. As of the time of writing, the total net asset value of the NEAR spot ETF was $86.9531 million, with a net asset ratio of 1.35%, and the historical cumulative net inflow was $88.4653 million.

According to SoSoValue data, yesterday (Eastern Time October 19) the total net outflow of Ethereum spot ETFs was $103 million.The Ethereum spot ETF with the highest single-day net outflow yesterday was Blackrock ETF ETHA, with a single-day net outflow of $95.3953 million. Currently, the historical total net inflow of ETHA has reached $12.398 billion. The second was Fidelity ETF FETH, with a single-day net outflow of $5.9632 million, and the historical total net inflow of FETH has reached $2.338 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $14.765 billion, with an ETF net asset ratio (market value compared to the total market value of Ethereum) of 5.04%. The historical cumulative net inflow has reached $12.837 billion.

According to SoSoValue data, yesterday (Eastern Time October 19) the total net inflow of Bitcoin spot ETFs was $527 million.The Bitcoin spot ETF with the highest net inflow yesterday was BlackRock ETF IBIT, with a net inflow of $665 million for the day, bringing the historical total net inflow of IBIT to $66.233 billion. The Bitcoin spot ETF with the highest net outflow yesterday was Fidelity ETF FBTC, with a net outflow of $83.6315 million for the day, and the historical total net inflow of FBTC currently stands at $10.371 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $105.459 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) reaching 6.4%, and the historical cumulative net inflow has reached $57.405 billion.

Bitwise Chief Investment Officer Matt Hougan posted on the X platform that JPMorgan has included Bitcoin in its Long-Term Capital Markets Assumptions report, predicting that Bitcoin will be the highest returning asset over the next decade. The report provides an expected volatility for Bitcoin of 55%, while gold is at 17.2%.Hougan stated that the report comes with a lot of caveats and believes that Bitcoin is still in a maturation phase. He thinks the volatility assumptions provided in the report are too high and the return assumptions are too low.

According to the market information platform Liquid247.xyz, the current price of BTC is $82,144. The thickest order book is on Binance spot: buy orders amount to $12,534,100, and sell orders amount to $8,082,800, with buy orders exceeding sell orders by $4,445,300.The perpetual buy orders on OKX are also thicker than sell orders, but the scale is smaller than that of Binance spot. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

According to Coinglass data, if ETH breaks through $2,534, the cumulative short liquidation intensity on mainstream CEX will reach $917 million. Conversely, if ETH falls below $2,295, the cumulative long liquidation intensity on mainstream CEX will reach $590 million.

According to Coinglass data, if BTC breaks through $86,189, the cumulative short liquidation intensity on mainstream CEX will reach $1.809 billion. Conversely, if BTC falls below $78,019, the cumulative long liquidation intensity on mainstream CEX will reach $1.142 billion.

According to data, yesterday and in recent days, global publicly listed companies in the U.S. stock market disclosed their latest official accounts regarding the allocation of crypto assets, stock buybacks, and capital structure optimization. The core updates are as follows:Strategy (NASDAQ: $MSTR) purchased 267 BTC, increasing the buyback limit to $3 billion: According to the latest 8-K document submitted by Strategy, the company bought 267 bitcoins at an average price of approximately $82,900 between October 12 and 18, 2026, totaling about $22.1 million (of which $22 million came from MSTR common stock ATM issuance, and $100,000 from its own USD Cash). During the same period, the company raised approximately $22 million through its ATM plan (selling 140,900 shares); additionally, it used USD Cash reserves to spend $193.1 million to repurchase 1,938,800 shares of STRC preferred stock. The company's board officially authorized the total amount for the digital credit securities buyback plan to be significantly increased from $2 billion to $3 billion (as of October 18, the remaining limit is approximately $1.16 billion). As of October 18, Strategy held a total of 848,517 bitcoins (with a total holding cost of approximately $64.02 billion, at an average price of approximately $75,446), with a USD Reserve balance of $4.83 billion and a USD Cash balance of $447.3 million.Strive (NASDAQ: $ASST) accumulated 4,045 BTC last week, with total holdings surpassing 36,800: According to the 8-K document submitted by Strive to the SEC, the company purchased 1,223 bitcoins at an average price of approximately $81,734 between October 14 and 16. Together with the previously disclosed 2,822 bitcoins purchased between October 12 and 13, Strive increased its holdings by a total of 4,045 bitcoins last week (with an average purchase price of approximately $82,803). As of October 16, its balance sheet held a total of 36,818 bitcoins, along with 505,000 shares of Strategy STRC preferred stock (with a fair value of approximately $49.35 million) and about $317.5 million in cash.BitMine (NASDAQ: $BMNR) increased its holdings by over 12,500 ETH last week, raising its total holdings to 6.04 million: Nasdaq-listed mining company BitMine disclosed that it increased its holdings by 12,535 ethers last week. As of October 18, 2026, its total ether holdings reached 6,041,481 ETH (approximately 4.9% of the total supply of ether in the entire network). Currently, the total value of the cryptocurrencies, cash, and other investment assets held by BitMine is approximately $15.1 billion (including $582 million in cash and securities, 215 BTC, $180 million in Beast Industries equity, and $74 million in Eightco investments). Among these, the staked ether remains at 5,067,309 ETH (accounting for 84% of total holdings), valued at approximately $12 billion, with a current annualized staking yield of about $309 million.SkyAI (NASDAQ: $SKYA) liquidated all SOL and launched a $201.3 million cash tender offer: Nasdaq-listed company SkyAI announced that it initiated a cash tender offer on October 16, intending to acquire up to 95% of all classes of issued common stock, various pre-financing warrants, and strategic warrants at a price of $3 per share/unit (approximately 0.95 times its net asset value mNAV), with a total acquisition amount of about $201.3 million (the offer will expire on October 30 at 12:00). SkyAI explicitly disclosed that as of October 16, the company held approximately $223.8 million in cash and had fully sold all SOL on its balance sheet, so the offer is no longer constrained by SOL price fluctuations, and the acquisition funds will be 100% covered by existing cash. SkyAI plans to maintain its Nasdaq listing status after the offer is completed, shifting its strategic focus to a comprehensive financial platform that combines Solana stablecoin payment channels with AI.

According to FNNews, South Korea's JB Financial Group announced that it is investing in the artificial intelligence company Upstage through its subsidiaries Jeonbuk Bank, Gwangju Bank, and JB Woori Capital. The three institutions collectively invested 40 billion Korean won (approximately 30 million USD) in its C-2 round of financing, acquiring about 2% equity.Previously, Upstage co-founder and CTO Hwalsuk Lee revealed that the company is considering various capital market options, including an IPO, and is also contemplating launching a Pre-IPO round of financing.

According to Arkham, Morgan Stanley's SOL product MSOL has accumulated inflows of 1.8 million dollars over the past 20 days, with no day experiencing outflows.Fidelity's FSOL sold 1.8 million dollars worth of SOL yesterday. SOL is currently priced at 105 dollars.

The Hyperliquid Policy Center issued a statement urging the U.S. Securities and Exchange Commission (SEC) to exclude airdrops from the definition of securities. The center advocates that the position proposed by the SEC in March 2026 should be written into the rules, stating that free airdrops do not constitute "monetary investment" and therefore do not fall under investment contracts.The center also argues for the extension of the above rules to include announced airdrops, including periodic or regular distributions. Applicable prerequisites include that the network is operational, eligibility is based on usage or contribution, such as trading, validating, providing liquidity, and governance, and that airdrops are not a means of financing.The center believes that investment requires tangible and identifiable consideration, and airdrops are rewards rather than investments. Processes for claiming, such as connecting wallets, signing, paying gas fees, completing KYC/AML, or accepting terms of service, should not be considered as consideration. Furthermore, the rule should be retroactively applicable to past airdrops or cover Hyperliquid's native airdrops.

Solana's official announcement states that in Q3 2026, the number of non-voting transactions on the Solana chain reached 8.92 billion, an increase of 104% compared to Q4 2025.

Former President Donald Trump expressed gratitude to Elon Musk for the "National Airdrop." Trump stated that he sincerely thanks his "legendary friend" Musk for donating SpaceX stock to millions of American children through the TRUMP account.Trump mentioned that this aligns with the vision when establishing the TRUMP account, which is to bring together the private sector, Musk, and other forces to invest in American children, ensuring that every American child can have a piece of the American Dream.Previously, Musk announced that next year he would gift one share of SpaceX stock to every child in America, calling this the first of a series of similar initiatives in the future.

According to foreign media reports, the Korea Composite Stock Price Index KOSPI fell sharply again after rebounding for two consecutive days, with a drop of up to 4.76% during trading on October 20, and it fell below 5500 points. The decline was attributed to rising U.S. Treasury yields and the weak performance of a data center company's first day of trading. Foreign investors reduced their holdings of Korean stocks, and institutional investors, including pension funds, also joined in selling.As of the time of writing, foreign investors had net sold 636.7 billion Korean won in the Korean securities market, while institutional investors net sold 467 billion Korean won, including financial investment institutions net selling 241.8 billion Korean won and pension funds net selling 159 billion Korean won. Individual investors net bought 838.8 billion Korean won, and other legal entities net bought 261.6 billion Korean won. Eugene Investment & Securities analyst Huh Jae-Hwan stated that this round of selling exhibited indiscriminate characteristics, with almost all stocks declining, and the market appeared very weak, with battery manufacturers that had led the rebound on Monday also experiencing a pullback.

The cryptocurrency exchange platform Coinbase stated on X that stablecoins can complete cross-border transfers in seconds, but the funds still need to enter channels that the recipient can actually use.Coinbase mentioned that it is collaborating with the cross-border payment company Thunes to connect its stablecoin infrastructure to local bank accounts and mobile wallets worldwide.

On its first day of trading, South Korean artificial intelligence service company Elice Group's stock price fell by 28%. The company raised 201.1 billion Korean won (approximately 150 million USD) in its initial public offering, with business operations including AI cloud services and AI-based educational and commercial software, and plans to use most of the raised funds to launch portable modular data centers and related infrastructure.Against the backdrop of high inflation driving up borrowing costs, investors are questioning whether the massive investments in the AI sector can yield returns in the short term. Kim Hak-joon, an analyst at Kiwoom Securities based in Seoul, stated that the market is concerned that such companies may not be able to secure follow-up financing from investors. Elice's latest stock price is 65,300 Korean won, with an offering price of 90,500 Korean won; the filing documents show that institutional orders during its IPO reached 388.84 times the number of shares available. Currently, investment sentiment in the industry has cooled, and several companies' IPO plans are hindered.

The Sun Wukong ecosystem will hold a deep roundtable discussion themed "When Buybacks and Burns Become the New Narrative of Web3: What Truly Determines Token Value, Is It the Deflationary Mechanism or Real Business?" on October 20 at 8 PM at X Space.This event will focus on the increasing attention Web3 projects are paying to the trends of token buybacks and continuous burns, exploring how to establish a closer connection between token value and ecological development. Invited industry KOLs will jointly analyze whether reducing circulating supply can bring long-term value, and whether buybacks and burns are a new engine for value growth or a long-term mechanism that requires real business support. Guests will discuss the market logic of buybacks and burns, the value creation of Web3 projects, and dissect the relationship between deflationary mechanisms, continuous business growth, and real user demand.