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Tesla announced its third-quarter performance for 2026. The quarterly revenue was $28.046 billion, essentially flat year-on-year; the net profit attributable to common shareholders was $787 million, a decrease of about 43% year-on-year. GAAP diluted earnings per share were $0.22, down from $0.39 in the same period last year. Operating profit decreased by about 56% year-on-year to $718 million, with an operating profit margin of 2.6%, down 3.2 percentage points year-on-year. The company stated that increased R&D and other operating expenses, reduced regulatory credit income, and declining gross margins in the energy business put pressure on operating profit, with operating expenses rising by about 39%.Overall GAAP gross margin rose to 19.6%, an increase of about 1.6 percentage points year-on-year, and also higher than the previous quarter. The automotive gross margin, excluding regulatory credits, was about 18.1%, improving compared to the previous quarter and the same period last year. The number of vehicle deliveries for the quarter was 486,500, a decrease of 2% year-on-year; production was 464,400 vehicles, an increase of 4% year-on-year. Revenue from the automotive business decreased by about 3% year-on-year, while revenue from energy generation and storage decreased by about 16%, and service and other revenue grew by about 33%.Operating cash flow for the third quarter was $6.263 billion, and free cash flow was $1.531 billion, down from $3.990 billion in the same period last year. The company stated that battery supply continues to limit the increase in vehicle production; mass production of the Semi has started in Nevada, and production of Optimus has begun in Fremont, while Cybercab has been put into operation in the Austin Robotaxi fleet. According to BIT market data, SPCX fell 3.32% in after-hours trading.

The Cardano ecosystem's decentralized trading and yield protocol Genius Yield is gradually ceasing operations. Co-founder Lars Brünjes stated on October 22 that to address the issue of users being unable to withdraw assets normally, an independent open-source tool called Genius Zero has been developed.Genius Zero allows users to bypass the original backend servers of Genius Yield and directly use Cardano smart contracts to unstake, cancel DEX orders, and withdraw assets. The original DEX trading fees still flow to the address controlled by Genius Yield, and adjusting the fee rates requires the signatures of at least three of the four original founders, which has not yet received sufficient authorization.

Tesla (TSLA.O) CEO Elon Musk stated that production will be increased to meet market demand.

Tesla's financial report shows that net profit in the third quarter fell from 1.4 billion dollars in the same period last year to 787 million dollars, a decrease of about 44%. Revenue was 28 billion dollars, roughly flat compared to the same period last year. Tesla's free cash flow in the third quarter was a positive 1.53 billion dollars, while market expectations were a negative 4.921 billion dollars.

Ukrainian President Zelensky stated that Russia has agreed to hold a new round of trilateral talks between the U.S., Ukraine, and Russia. The U.S. proposed to initiate the talks as soon as possible, which Ukraine supports, and the meeting may take place in early November or even earlier. Zelensky supports several peace initiatives but remains cautious about the prospects of the talks.

Tesla (TSLA.O) announced that the Semi electric semi-truck has started production in Nevada, and the Optimus humanoid robot has begun production in Fremont.

According to Business Insider, SpaceX is offering workers an additional 20% pay for building a data center in Memphis.

SpaceX's net profit for the third quarter reached 4.4 billion USD, far exceeding market expectations of 1.88 billion USD, with revenue growing by 161% year-on-year. Although the stock price rose by 12.4% at one point, concerns in the market about the company's future debt expansion intensified. The bond spread for SpaceX maturing in 2046 widened to 264 basis points, and the price of five-year credit default swaps rose to 232.6 basis points.Chief Financial Officer Brett Johnson stated that the company will continue to invest in the superintelligence department's computing power and Starlink business, and is negotiating financing with multiple sources of debt capital.

U.S. Treasury Secretary Becerra stated that the "GENIUS Act" is a watershed moment in the U.S. financial sector, further solidifying the United States' position as a global cryptocurrency hub.He pointed out that just as President Lincoln's National Currency Act of 1863 established a national framework for banks to issue currency, the "GENIUS Act" establishes a federal framework for payment stablecoins in the digital age.Becerra noted that the Office of the Comptroller of the Currency's (OCC) final rule advances the implementation of this landmark legislation, providing a clear and pragmatic foundation for private sector innovation, competition, and the United States' leadership in the digital asset space.

ARK Invest's Q3 2026 DeFi report shows that stock tokenization has become the main driving force behind the rebound in on-chain trading activity for the quarter. The trading volume of tokenized stock spot DEX reached approximately $50 billion, about 9 times that of the previous quarter, with its share of total spot DEX trading volume rising from about 1% to around 9%. Overall, DEX spot trading volume increased by approximately 13% quarter-over-quarter to $571 billion, marking the first growth in nearly four quarters.Robinhood Chain achieved approximately $65 billion in DEX trading volume and $51 million in network revenue in its first quarter, with network revenue nearing the level of BNB Chain during the same period. However, ARK expects that recent adjustments to the Gas mechanism will cause the chain's revenue to decline from current levels. The total supply of stablecoins decreased by about 3% quarter-over-quarter to $309 billion, but adjusted trading volume increased by approximately 16% quarter-over-quarter to $781 billion, with the number of monthly active addresses growing by about 39% to 73 million.In the perpetual contract DEX, there is a divergence between open positions and trading volume: the value of open contracts increased by about 76% quarter-over-quarter to $24 billion, while quarterly trading volume decreased by about 16% to $1.4 trillion. Among them, Hyperliquid's open contract value is about $13 billion, accounting for approximately 53%. ARK believes this indicates fewer but larger positions held for longer durations.

Grayscale announced the launch of an in-kind investing mechanism, allowing investors to directly deliver eligible digital assets in exchange for shares of Grayscale's products. Grayscale stated that this mechanism is expected to alleviate the burden of self-custody of assets for investors, reduce potential trading execution costs, and make digital assets easier to incorporate into traditional portfolio management.Currently, this mechanism covers 10 products, including Bitcoin Mini Trust ETF (BTC), Ethereum Staking Mini ETF (ETH), Avalanche Staking ETF (GAVA), Chainlink Trust ETF (GLNK), Dogecoin Trust ETF (GDOG), Hyperliquid Staking ETF (HYPG), Solana Staking ETF (GSOL), Sui Staking ETF (GSUI), XRP Trust ETF (GXRP), and Zcash ETF (ZCSH).

Bitget Launchpool project Axis Robotics (AXIS) is now open for investment, with a total prize pool of 1,333,333 AXIS. The locking channel will close on October 28 at 21:00 (UTC+8). This round of Launchpool has opened 2 locking pools, including:BGB Locking Pool:Total airdrop amount: 1,133,333 AXISVIP user locking limit: 100,000 BGBRegular user locking limit: 10,000 BGBAXIS Locking Pool:Total airdrop amount: 200,000 AXISIndividual locking limit: 3,333,333 AXIS

The cryptocurrency wallet backup company Vault12 submitted a letter to the U.S. Securities and Exchange Commission (SEC), pointing out that the proposed token safe harbor framework fails to adequately alleviate concerns about the listing of tokens on centralized exchanges. Trading platforms remain worried about the potential for the SEC to retroactively challenge the legal status of tokens in the future.Vault12 raised $17.45 million from 38 investors in 2018 through a future token agreement, and its issued Vault Guardian Token (VGT) has yet to be listed on any centralized exchange. The project has fulfilled or formally abandoned all commitments in its white paper, but the exchanges previously contacted still require confirmation that the SEC will not determine in the future that VGT continues to be bound by the original investment contract. The SEC's proposed "Regulation Crypto Assets" plan introduced in August of this year aims to provide exemptions for token financing and allows eligible projects to terminate the association between tokens and the original investment contracts through a safe harbor mechanism. Vault12 suggests adding a 60-day objection period, during which if the SEC does not raise any objections, eligible filings should have final effect on the agency, except in cases of fraud or significant misrepresentation.

According to The Block, Bitcoin's 28-day volatility has dropped to 1.2%, close to the lowest level since 2026, reflecting that current market trading activity remains sluggish.K33 analysts expect that as the Federal Reserve's interest rate decision next week and the U.S. midterm elections on November 3 approach, Bitcoin market volatility may rise.

According to Onchain Lens monitoring, Fasnara Capital (0x7fda...17d1) holds $222 million in open positions on Hyperliquid, with 86.3% of the exposure being short positions. The largest positions include: Bitcoin short position of $51.53 million, with a loss of $774,500; Ethereum short position of $51.15 million, with a profit of $1 million; ZEC short position of $26.33 million, with a loss of $1.39 million; SKHY long position of $21.68 million, with a loss of $2.64 million.This address has an unrealized loss of $5.63 million, with a profit of $10.08 million over the past 30 days, totaling a profit of $122 million.

AI Agent trading project NeoSoul announced today that Alan, former product head at Tencent and ByteDance, has been appointed as Chief Product Officer (CPO), fully responsible for product direction.Alan graduated from Tsinghua University and has worked on AI products at Tencent, ByteDance's TikTok, and SenseTime, with 8 years of Web3 experience. NeoSoul stated that it will continue to invest in product research and development, with a long-term focus on Agentic Trading.

According to CoinDesk, data shows that the share of Bitcoin options in the cryptocurrency derivatives market continues to rise. The Bitcoin Volatility Index BVIV issuer Volmex stated that last week, the open interest of Bitcoin options accounted for slightly less than 60% of all Bitcoin derivatives open interest, up from about 50% at the beginning of the year, reflecting a market shift from purely betting on price direction to a greater focus on risk management.As of last Friday, the total open interest in the Bitcoin derivatives market was approximately $129 billion, of which U.S. Bitcoin ETF-related options accounted for about $36 billion, and BlackRock's IBIT options accounted for about $35 billion. Including options on native crypto platforms, the Bitcoin options market size is approximately $76 billion. ETF options currently account for about 47% of the Bitcoin options market, while the open interest of IBIT options has increased from about $11 billion in January 2025 to nearly $35 billion now.

Cryptocurrency data provider Kaiko announced on Twitter that S&P Global led its strategic investment and expanded its Series B funding to $110 million.Kaiko's CEO stated that traditional financial information and digital asset infrastructure are beginning to work together in real-time products.

NVIDIA announced plans to increase packaging substrate capacity to 2.5 times the current level over the next three years.