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According to the "X Layer Q3 2026 Fundamental Report" released by Principia Labs, the Ethereum Layer 2 network X Layer saw growth in on-chain activity and the scale of the DeFi ecosystem in the third quarter. Among them, TradeZone processed approximately 287 million transactions, which is 2.6 times the EVM transaction volume during the same period; the daily average number of EVM transactions increased by 262% month-over-month to 1.22 million.The report also shows that the total locked value in DeFi increased by 100% month-over-month to 173.4 million USD, and the revenue from ecological application transaction fees increased by 490% month-over-month to 1.86 million USD. The market capitalization of OKB increased by 53.8% month-over-month to 2.54 billion USD. Principia Labs believes that with the development of Exchange OS, X Layer is gradually forming a full-stack trading system covering on-chain transactions and DeFi applications.

Analyst Darkfost stated that recently, the activity of XRP whales has significantly increased, and selling pressure has notably risen. Data shows that, based on the definition of whales as addresses with single transactions exceeding 1 million XRP, the monthly inflow amount to Binance from such addresses has increased by approximately $72 million since August, reaching $112.4 million, the highest level since March of this year, surpassing the average of about $90 million over the past three months.During this period, the daily inflow amount even exceeded $400 million at one point. Darkfost pointed out that this change coincided with XRP rebounding over 30% since August, indicating that some large holders may be taking the opportunity to realize profits. Currently, the scale of whale inflows to exchanges has returned to more typical levels, showing that the related selling pressure has eased. However, subsequent trends may still change rapidly with fluctuations in XRP prices, and the flow of whale funds remains a market indicator worth monitoring.

The U.S. Department of Justice announced on Wednesday that Colombian cryptocurrency broker Leonardo de Jesus Zuluaga Duque was sentenced to 160 months in prison for assisting in the laundering of drug trafficking proceeds through Tether's USDT and participating in a scheme to import cocaine into the United States.Zuluaga Duque, along with five others, assisted in laundering approximately $14.5 million in USDT through a network of cryptocurrency accounts, shell companies, and fund transfers between the U.S. and Colombia from May to November 2023. The court also ordered the forfeiture of $14.75 million and the cryptocurrency held in four addresses under his control.

According to Bloomberg, AI startup Emulate, founded by alumni of Google DeepMind, has been established for only three months and currently has no official website or products. However, venture capital firms are eager to get involved, driving its valuation to several billion dollars.The report states that due to intense competition, investors are willing to buy in at continuously rising prices during the same round of financing, leading to different valuations for the same company within the same round of financing.

According to monitoring by Lookonchain, three addresses have cumulatively withdrawn 24,454 ETH from Kraken and Binance, worth 60.68 million USD.Among them, a certain whale withdrew 10,954 ETH from Kraken and staked it after being inactive for 4 months; a certain whale withdrew 9,000 ETH from Binance and deposited it into Aave; a certain whale withdrew 4,500 ETH from Binance 10 hours ago.

According to data from DeFiLlama, the net inflow of funds to Bitget in the past 24 hours reached 867 million USD, ranking first among CEX platforms.

Glassnode's latest weekly report shows that as of October 19, the average holding cost of the Bitcoin treasury companies it tracks is approximately $80,200.The daily closing price of Bitcoin has remained above this level since September 18, but corporate buying has not resumed with the price rebound. The monthly increase in holdings since June has been less than 10% of the peak in November 2024.

Meta CEO Mark Zuckerberg stated that since its launch in September, the user base of Meta's AI application Muse has exceeded 10 million. The main use case for Muse is shopping, with over a quarter of users purchasing goods through the app, and the average transaction amount exceeding 200 dollars.After the release, Meta's stock price rose 5% in after-hours trading and topped the Apple App Store charts.

Tesla (TSLA.O) executives stated that the Cybercab will be launched in Dallas next month.

According to Bloomberg, the Milan prosecutor's office stated that Italian authorities are conducting arrest operations against 30 individuals suspected of operating a mafia-linked underground bank. This network is alleged to have transferred approximately 68 million euros abroad and used cryptocurrency to launder illegal funds.The operation extends to Spain, where local police are executing European arrest warrants, and Swiss authorities are also seeking to apprehend another suspect. The prosecutor's office claims that the network is based around a car rental company near Milan, using shell companies to issue false service invoices, helping involved businesses in construction, logistics, and other industries reduce taxable income. After companies made payments via bank transfers, the network deducted commissions and returned the funds in cash.Funds in the shell company accounts were transferred to banks in Luxembourg, Lithuania, and Germany, and then entered digital wallets allegedly controlled by the organization through cryptocurrency exchanges. Investigators identified over 110 million euros in false invoices and found that the network also handled drug trafficking proceeds and funds from victims of online cryptocurrency investment scams.

CryptoQuant analyst Axel Adler Jr. stated that the unrealized profits of large short-term holders have decreased from 9.8 billion dollars on September 22 to about 4.6 billion dollars on October 20, a reduction of approximately 5.1 billion dollars within a month, representing a decline of 53%.This does not mean that whales have sold off more than half of their holdings, but rather that their current unrealized gains from holding BTC have significantly narrowed.

The famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, released a technical chart for XMR (Monero), indicating that the current Monero pattern is very similar to the pattern of silver before it surged to $125, potentially brewing a similar large-scale upward trend.In the monthly chart of XMR he published, after a long period of consolidation, the price repeatedly tests/breaks through the key resistance (approximately in the 500--600 range), and the moving average structure is also starting to strengthen.

According to GMGN data, the top 5 tokens with net inflow of smart money in the past 24 hours are as follows:PHP-UP (E1FT....smh): Net inflow of $1,000, with a 24-hour increase of 512.7%, currently priced at $0.0001.Pokémon (D42T....vb1): Net inflow of $1,000, with a 24-hour decrease of -38%, currently priced at $0.0007.XHOLDINGS (5SPg....ump): Net inflow of $699, with a 24-hour decrease of -18.8%, currently priced at $0.0001.Naseem (9PSZ....ump): Net inflow of $570, with a 24-hour increase of 37.1%, currently priced at $0.0001.XMR (WXMR....eJp): Net inflow of $544, with a 24-hour decrease of -3.2%, currently priced at $582.4483.

According to the Straits Times, Edward Robinson, Chief Economist of the Monetary Authority of Singapore, stated at the Beijing Financial Street Forum on October 20 that once artificial intelligence leads to widespread productivity improvements, central banks may relax monetary policy. However, currently, the AI investment boom is driving demand, and policies should maintain appropriate restrictions. He pointed out that AI-related investments are driving economic growth, but the technology has not yet brought significant productivity improvements to the broader economy, and he called for a gradual, data-driven approach.The Monetary Authority tightened monetary policy in April and July 2026 due to rising inflation risks, and maintained the policy unchanged in October. An October 14 statement warned that if the AI boom generates broader economic spillovers and raises unit labor costs, domestic inflation may remain high. Robinson noted that AI-driven electronic products accounted for over 70% of this year's export growth in Asia, but the growth of industries producing AI-related technologies mainly stems from increased investment and more intensive use of existing resources, rather than efficiency improvements. He cited OECD estimates stating that if sufficiently widespread and appropriately invested, AI could increase total factor productivity growth by up to 0.6 percentage points annually.

The NEAR ecosystem governance proposal HSP-029 has entered the voting stage, proposing to gradually reduce the maximum annual issuance rate of NEAR tokens from 2.5% to 1.6%. This proposal was put forward by SVRN CEO Sal Ternullo, planning to linearly decrease by approximately 3.75 basis points per epoch over 24 months, while maintaining a 90/10 allocation ratio between stakers and the treasury. After the vote passes, there will be a 90-day grace period before the reduction officially begins.The proposal's calculations indicate that this plan is expected to reduce the issuance of approximately 11.8 million NEAR tokens over two years, with a cumulative reduction of about 66.1 million tokens over six years, equivalent to a 4.36% decrease in supply compared to the current situation. The annualized staking yield will gradually decrease from the current 5.268% to 3.372%. The author points out that this move aims to reduce the degree of dilution for non-staking holders and responds to discussions regarding the protocol's discretion risk following the withdrawal of the previous Sovereign Fund proposal.This proposal must go through a dual process to take effect: after passing the House of Stake vote, validators must also independently adopt it through the standard protocol upgrade process. The proposal cites Solana's SGP-0002, which was passed in August 2026 with a staking weight approval of 67.001% for a similar issuance reduction, as a precedent. Currently, the NEAR network has a total of 406 active validators, with a staking rate of 42.71%.

Elon Musk stated that the 15th test flight of Starship is expected to take place next month.

The publicly listed esports company NIP Group, headquartered in Abu Dhabi, announced that it has signed an agreement to acquire Bitcoin mining equipment with a total hash rate of approximately 4.47 EH/s, increasing its total deployed hash rate to about 13.85 EH/s. The transaction is valued at up to $27.3 million, and the company will issue up to 247.1 million Class A common shares to the seller.NIP Group expects that once the related equipment is fully deployed, the monthly output of the mining site will reach approximately 195 Bitcoins, exceeding the previously set target of 160 Bitcoins, which is valued at around $16 million based on the then-current price. The equipment is currently operating in a hosting facility and can immediately increase Bitcoin output upon completion of the transaction. NIP Group launched its Bitcoin mining business in July 2025 and plans to gradually expand its hash rate to higher levels. The company stated that the additional hash rate will serve its digital infrastructure strategy and plans to expand into AI, high-performance computing, and gaming applications.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Counter-Strike: TheMongolz vs BIG (BO3) - 1win Private Club Playoffs," the option "TheMongolz" in the sub-market "Match Winner" has experienced a sharp fluctuation in winning probability, dropping from 52.5% an hour ago to the current 24.5% (a fluctuation of 28%). Please note the impact of related breaking news.

On-chain detective ZachXBT stated that in August 2026, a centralized money laundering service named FreedomXMR (FXMR) appeared on Hyperliquid Core (HL Core). Over 87% of its incoming funds are directly related to illegal activities.Through manual verification, it was found that among all historical inflows over $10,000 to FXMR, more than $20 million directly originated from ransomware attacks, exploits, malware, and social engineering attacks, including: the DCENT wallet exploit incident (September 2026), the Fetch.ai exploit incident (September 2026), the Axelar exploit incident (September 2026), a certain ransomware payment (September 2026, specific source undisclosed), and the Gamdom exploit incident (October 2026). The operators of this service obtained XMR liquidity from KuCoin (over 3,000 deposits), suspected of using a similar exchange model to Wagyu.The token name (ticker) FXMR was acquired by the operators at an HL auction on July 27, 2026, for 518.28 HYPE (approximately $28,000). Several such centralized money laundering services had previously appeared on HL Core, exploiting the chain's "permissionless" design features and its wide application for illegal money laundering activities. Relevant data tables have been shared with the Hyperliquid team.

BlockBeats published an in-depth article titled "All in One is the Only Way Out," focusing on the industry trend of cryptocurrency trading platforms transforming into comprehensive financial services, using Gate Money as an example to analyze the development potential of integrated global asset trading, daily payments, and wealth management.The article points out that as user demands extend from cryptocurrency trading to multi-asset allocation, cross-border consumption, and idle fund management, All in One is becoming an important direction for trading platforms to explore business growth. Gate currently supports over 5,400 digital assets and 12,800 stock assets, while Gate Money further integrates multi-currency accounts, exchanges, payments, and wealth management functions, supporting over 60 currencies and planning to expand services for stocks, ETFs, and gold. At the same time, the platform connects eligible stock assets with consumption scenarios through an automatic recharge feature, with Money Earn offering an annualized yield of up to 3.6%.BlockBeats believes that as financial demands become increasingly diversified, the ability to allow assets to flow freely between investment, management, and payment, while continuously meeting users' actual needs, will become an important direction for cryptocurrency platforms to build long-term competitiveness. Gate Money not only integrates product functions but also connects global assets with real financial needs, promoting cryptocurrency platforms to extend into broader and more frequent financial service scenarios, opening new space for the evolution of the global financial service landscape and long-term industry growth.