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On October 26, B.AI announced a limited-time benefit, with the latest MiniMax model MiniMax-M3.1-Flash (Space Bunny) available at 50% OFF on the B.AI web platform, Android App, and API. This model is designed for complex agent tasks, software engineering, visual reasoning, and professional analysis, helping developers efficiently complete complex tasks from code development to multi-step automated workflows.The event runs from October 26, 17:00 to November 2, 16:59 (SGT), allowing users to experience the popular new model at a lower cost and flexibly manage AI invocation costs. B.AI stated that it will continue to integrate high-quality models from around the world, providing a richer selection of models and more competitive prices through a unified entry point. Users are welcome to log in to chat.b.ai/chat to experience it immediately.

Strategy, Strive, and other Bitcoin treasury companies support the purchase of 135,979 Bitcoins through preferred stock financing, accounting for over 0.5% of the maximum Bitcoin supply; the related preferred stock market size is approximately $12 billion. Perpetual preferred stock has no fixed maturity date, which can alleviate refinancing pressure and attract income-oriented investors who are unwilling to hold Bitcoin directly; however, an increase in issuance size will also raise dividend expenses.Continuous financing for Bitcoin purchases relies on preferred stock trading at or near par value. If the price falls below par, the attractiveness of new issuances may decline, and the company may also turn to buybacks. CoinShares Research Director James Butterfill stated that Strategy's latest weekly report shows the company spent $193 million to repurchase STRC, while simultaneously buying 267 Bitcoins and increasing the preferred stock buyback authorization limit to $3 billion. Buybacks can reduce future dividend costs but may also compete for funds with Bitcoin purchases.Bitwise Research Director Ryan Rasmussen expects that ETFs will remain a larger source of Bitcoin demand in the long term, while perpetual preferred stock covers different groups of income-oriented investors, providing another source of demand support for the market. Butterfill believes that preferred stock may amplify market cycles: when financing conditions are favorable, it supports Bitcoin purchases, but when market sentiment weakens, this support may diminish.

On October 23, B.AI announced the domestic model brand Token weekly ranking from October 16 to 22: DeepSeek continues to lead, with Xiaomi MiMo closely following, with only a difference of 16.54 B Tokens. Xiaomi has seen growth for 4 consecutive weeks, and the platform Token usage ratio has increased by 8.13 percentage points.The competition in the mid-tier is heating up, with MiniMax experiencing a month-on-month increase of over 5,200%, becoming this week's growth dark horse. Qwen saw a month-on-month growth of 80.86%, narrowing the gap with the third-place Zai to 0.18%. Popular model discounts are ongoing: DeepSeek-V4.1-Flash-1017 enjoys a 40% discount, Qwen3.8-Flash enjoys a 20% discount, and GLM-5.3-Flash enjoys a 30% discount. B.AI continues to gather high-quality models, helping developers unlock diverse AI capabilities at low costs. Welcome to log in to b.ai to explore.

According to RootData's popular TradFi asset data, as of the time of publication, UNITREE, MINIMAX, and ZHIPU rank in the top three in popularity, with a collective significant price increase over 24 hours, with increases of 21.38%, 17.16%, and 8.12%, corresponding to prices of $93.32, $24.01, and $63.19, respectively.

CCTV's "Yuyuantan Tian" disclosed that after China launched the AI technology export registration management on October 16, DeepSeek and MiniMax have successfully completed their registration and the related technology has been open-sourced and authorized for overseas use.Currently, the new catalog is still open for comments, and a temporary registration system is being implemented. The Ministry of Commerce previously clarified that technologies that have entered the public domain through open-source are not included in the management scope, and there are automatic licensing and other facilitative measures for new technology open-sourcing, which can basically be reported and released immediately. Providing model services overseas through API, web pages, and apps is also not within the scope of this large model technology export management.

MiniMax announced the open-source release of the MiniMax M3.1 Flash model weights on October 23, with a total of 428 billion parameters and 23 billion active parameters. Compared to the previous generation M3 model, the M3.1 Flash has achieved a comprehensive improvement in model capabilities. According to official data, within 72 hours of the model going live, the number of tokens processed by real users exceeded one trillion.On the technical side, M3.1 Flash improves inference efficiency through optimizations such as full model sparse attention, quantization-aware training (QAT), and power-aware scheduling. In terms of ecosystem, MiniMax collaborates with chip manufacturers such as Huawei Ascend, T-head, Kunlun Core, Moore Threads, Biren, Haiguang, Muxi, Tiandao, NVIDIA, AMD, and cloud platforms like Together AI, Fireworks, Nebius, Baseten, Modal, DigitalOcean to promote access on the first day of open source. vLLM, SGLang, Zhiyuan FlagOS, as well as Hugging Face, Modao, and other communities simultaneously support the deployment of the model across different chips and development environments.

The prediction market operator Underdog has partnered with the cryptocurrency infrastructure provider zerohash, planning to support cryptocurrency and stablecoin deposits later this year. Eligible users can directly deposit supported digital assets through the Underdog app, with services supporting near-instant transfers around the clock. Underdog has not yet announced the specific cryptocurrencies or stablecoins that will be supported.The new deposit method will complement debit cards, credit cards, Apple Pay, and bank transfers, allowing users to avoid managing wallet addresses or selecting blockchain networks. Underdog was established in 2020 and currently has over 11 million registered accounts. IG Group has agreed to acquire the company for up to $1.3 billion, with the transaction expected to be completed by the end of 2026 or early 2027. As of October 21, Underdog's trading volume over the past 30 days was $1.4 billion, an increase of 133% compared to the previous period.

The Hong Kong Hang Seng Index fell 2% to 23178.37 points. MiniMax's decline once reached 6.2%, dropping below the IPO issuance price.

According to the Aster page, the Predict.fun token PREDICT is now available for inquiry in the trading list, supporting up to 5 times leverage. Related trading is expected to officially launch tonight at 8 PM.

The cryptocurrency exchange OKX has launched OKX Shield in the United States. OKX stated that this mechanism can provide up to $500,000 in protection if a customer's account is hacked.Andrew Cuomo, a member of the OKX board and former governor of New York, said: "This is the level of trust we have in our own system. It's like putting your money where your mouth is, right? What we are doing is exactly that."

According to the official announcement, the Gate Idle Money Treasure × Yu Bi Bao second phase interest rate increase activity is ongoing. This phase of the activity covers USDT current financial products, and users who meet the specified net recharge conditions can receive additional interest rate rewards.In the Idle Money Treasure activity, users who accumulate net recharges of BTC, ETH, and USDT to reach the specified threshold during the activity period and activate Idle Money Treasure can receive additional interest on top of the basic earnings. Specifically, if the cumulative net recharge reaches 10,000 USDT, users can enjoy an additional 1% interest rate, resulting in a comprehensive annualized yield of 4%; if it reaches 50,000 USDT, users can enjoy an additional 2% interest rate, resulting in a comprehensive annualized yield of 5%. The upper limit for the principal eligible for interest rate increases in both tiers is 50,000 USDT.The Yu Bi Bao activity is open to VIP 2 to VIP 14 users. If the cumulative net recharge of USDT reaches 100,000 USDT and users subscribe to a 7-day fixed-term financial product in USDT, they can enjoy an additional 7.3% interest rate on top of the 3.7% basic annualized yield, resulting in a comprehensive annualized yield of 11%. The upper limit for the principal eligible for interest rate increases is 100,000 USDT. Users must continuously meet the net recharge requirements during the subscription and the order's duration to receive the additional interest rate rewards.

According to Gate quotes, the two giants of Hong Kong stocks fell together, with Zhipu (02513.HK) dropping over 5%, and the stock price falling below 500 Hong Kong dollars; MINIMAX-W (00100.HK) fell 6.5%.

On October 19, the B.AI platform announced that MiniMax's MiniMax M3.1 Flash (also known as Space Bunny) is officially online, with API and Web Chat both available for a synchronized experience. This model is designed for complex office automation, software engineering, visual reasoning, and professional analysis, supporting multi-step task execution, front-end implementation, and presentation creation, helping developers and professional users efficiently transform ideas into tangible results. The model supports a 1M Token context window and up to 512K output Tokens, with standard prices as low as $0.15 per million input Tokens and $0.60 per million output Tokens, balancing complex task processing with high cost-effectiveness.

MiniMax announced that M3.1 Flash has officially been released, and the earlier version, Space Bunny, which topped global rankings and processed over 200T tokens, is its predecessor.M3.1 Flash achieved scores of 62% on Automation-Bench, 30% on ALE, 74% on DeepSWE, and 91% on BabyVision in tasks such as Cowork, Coding, and Visual Reasoning.

On the afternoon of October 19, the official account of the artificial intelligence company MiniMax released a short video with the caption "Welcome back, Space Bunny." First Financial reported that this move is seen as an official acknowledgment of the anonymous model Space Bunny.Since its launch in late September, the model has topped the daily token usage charts on OpenRouter and OpenCode within three days, alongside DeepSeek V4.1 Flash and GLM 5.3 Flash, occupying the top three positions. It is reported that Space Bunny is an early version of MiniMax M3.1 Flash, and the model is about to be officially released.

The website of the China Securities Regulatory Commission shows that CITIC Securities released the "Report on the Progress of the Guidance Work for the Initial Public Offering and Listing of MiniMax Group Inc. (Phase II)" on October 15. This phase of guidance started on July 10, 2026, and lasted for more than three months. CITIC Securities, together with Tongshang Law Firm and Ernst & Young, continuously monitors the company's operational performance and compliance in accordance with regulatory requirements and the guidance agreement, and conducts guidance through on-site training and communication on specific issues.The report states that the guidance target has established an internal governance structure and relevant company management systems, but there is still room for optimization in execution. CITIC Securities will collaborate with intermediary institutions, combine due diligence, continuously refine and improve corporate governance and standardized operations, propose rectification suggestions, and supervise the implementation of internal controls. In the next phase, work will continue with Tongshang Law Firm and Ernst & Young, focusing on enhancing standardized operational levels and preparing for guidance acceptance.On May 29, 2026, CITIC Securities signed a guidance agreement with MiniMax and submitted a guidance filing application to the Shanghai Regulatory Bureau of the China Securities Regulatory Commission on the same day, which was accepted, marking MiniMax's official entry into the guidance period. The large model company MiniMax (00100.HK) was listed on the main board of the Hong Kong Stock Exchange on January 9, 2026, approximately four years from establishment to listing, and has focused on the research and development of full-modal models since its inception.

Three men from Bristol, England, broke into a man's home in the early hours of May 15, assaulted the victim, and demanded a large amount of cryptocurrency. The victim sustained head injuries and was hospitalized, while the three men failed to obtain any cryptocurrency. Terroll Paul, Mohamed Samagassi, and Pierre Madzou all pleaded guilty to aggravated burglary and were sentenced at Bristol Crown Court on October 15. Paul was sentenced to 6 years, Madzou to 5 and a half years, and Samagassi to 5 years.The victim's underage sister called the police, and the three were subsequently arrested at the scene. The police did not disclose the amount of cryptocurrency demanded by the three men. The case falls under "ransom attacks," where criminals use violence or threats to force cryptocurrency holders to hand over digital assets. Data from blockchain security company CertiK shows that in the first six months of 2026, such attacks globally resulted in losses of $124 million, a 12-fold increase year-on-year.

Phoenix Technology reported that on October 19, ByteDance's cloud and AI service platform Volcano Engine launched the Seedance Premium AI Drama Incentive Program, providing financial incentives for premium AI short dramas produced using Seedance and launched on the Hongguo Short Drama App. This program excludes live-action dramas and is only open to AI comics, AI simulated dramas, and other AI-generated forms. The video content of the submitted works must be entirely produced using Seedance, with the usage of Seedance 2.5 accounting for more than 50%, and the generation format through API or tool platforms is not limited.Works must rank within the top 50 AI dramas of the month based on Hongguo's popularity index and pass the review. The applicant can be a company or an individual and must ensure that the information is true and complete. The incentives are divided into three tiers based on monthly rankings: for TOP 1 to TOP 10, 200,000 yuan per work; for TOP 11 to TOP 20, 100,000 yuan per work; for TOP 21 to TOP 50, 50,000 yuan per work. The distribution method is 50% cash plus 50% equivalent vouchers. The vouchers can be chosen by the applicant at the time of registration from three options, including an equivalent Volcano Ark API Token, equivalent "Drama Creation" usage rights, or equivalent "Comic Creation Tool" usage rights. Selected works must cooperate to complete the verification of the work and generation records, and if necessary, submit original generation materials. Those who do not pass the verification or have false declarations will be disqualified from receiving incentives. The deadline for the first phase of the activity is January 31, 2027.

According to the Gate Launchpool page, there are currently four projects underway: DNA, BLKHION, CT, and GT, offering various asset staking options.Among them, DNA is the first project, with a total reward of 2,800,000 DNA. The APR for the ETH, BTC, and DNA pools is 7.25%, 6.24%, and 218.90%, respectively. The total reward for the BLKHION project is 30,400 BLKHION, with the APR for the USDT, BLKGRWON, and MAG7XON pools being 5.15%, 147.62%, and 97.56%, respectively.Meanwhile, the total reward for the CT project is 1,000,000 CT, with the APR for the USDT, CT, and GT pools being 5.10%, 65.82%, and 2.48%, respectively. The total reward for the GT project is 18,400 GT, with the APR for the ETH and BTC pools being 6.83% and 4.51%, respectively.