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According to Gate market data, the Nasdaq 100 index rose by 2%, and the S&P 500 index increased by 0.9%.

According to The Block, investment bank StoneX reiterated its "buy" rating on Galaxy Digital (GLXY) and maintained a target price of $57.The agency believes that Galaxy's current valuation underestimates its AI data center business and does not actually take its digital asset business into account in the valuation. Market concerns are primarily focused on the rising borrowing costs of CoreWeave and the outstanding debt of $35.6 billion as of the end of June.

Bitcoin News posted on platform X that Charles Schwab has opened Bitcoin and Ethereum trading to all eligible retail clients in the United States through its existing investment platform, charging a fee of 0.75% per transaction, with a minimum of $1 and a maximum transaction limit of $2 million.The company is gradually launching digital asset transfers between Schwab accounts and external wallets, requiring users to register their withdrawal addresses in advance and complete security checks. Paxos Trust Company provides custody, trade execution, and settlement infrastructure, and the related digital assets are not protected by SIPC or FDIC insurance.

According to PR Newswire, Cboe Global Markets, the parent company of the Chicago Board Options Exchange (Cboe), announced that Cboe has expanded the trading hours for certain U.S. stock individual stocks and exchange-traded fund (ETF) options.The newly added pre-market and after-hours trading periods for the relevant options are from 7:30 to 9:25 AM ET Monday to Friday for pre-market trading, and from 4:00 to 4:15 PM for after-hours trading. This covers popular individual stocks such as Apple, Nvidia, Tesla, Microsoft, Amazon, Google, Robinhood, Intel, as well as major ETFs like SPY, QQQ, and GLD, currently involving a total of 29 underlying assets.

According to Coinglass data, if ETH falls below $2,279, the cumulative long liquidation intensity on mainstream CEXs will reach $801 million. Conversely, if ETH breaks above $2,517, the cumulative short liquidation intensity on mainstream CEXs will reach $727 million.

According to Coinglass data, if BTC falls below $77,999, the cumulative long liquidation intensity on mainstream CEX will reach $1.952 billion. Conversely, if BTC breaks above $86,090, the cumulative short liquidation intensity on mainstream CEX will reach $1.336 billion.

According to Cointelegraph, Section 502 of the Digital Asset Tax Clarification Act (H.R. 10357) currently advancing in the U.S. Congress stipulates that the Secretary of the Treasury must establish a voluntary disclosure program for digital assets within 12 months after the act takes effect.Eligible taxpayers can correct past digital asset tax violations by submitting amended returns and paying back taxes, interest, and penalties under the program. The act was passed by the House Ways and Means Committee on September 16 with a vote of 38 to 5, but it has not yet officially become law and still needs to be passed by the House, the Senate, and signed by the President.Andrew Gordon, Executive Director of the Digital Asset Taxation Action Organization, stated that this is a significant change that will help many ordinary taxpayers, yet it has received little attention. He pointed out that U.S. investors are facing the first filing season under the new 1099-DA broker reporting rules, which give the IRS greater visibility into crypto transactions but do not address the years prior to the rules taking effect. Sharon Yip, founder of Crypto Tax Advisors, also noted that filing errors among ordinary crypto investors are very common, and the existing procedures lack standardized processes, making it impossible to provide predictable penalty treatment for unintentional violators.According to Section 502, taxpayers generally must submit amended returns within 24 months after the program is established, and the act sets two penalty standards. Taxpayers who provide proof that their violations are neither fraudulent nor intentional can apply a 0% penalty on the portion of back taxes up to $25,000 if they file within the first 12 months after the program starts, while amounts exceeding that will incur a 5% penalty.Those who do not provide such proof will face penalties of 25% and 40%, and the tax rates will increase if the initial window is missed. The act also provides specific civil penalty waivers, allowing unproven taxpayers to be exempt from criminal referral within the scope of the disclosed information. A report by CoinTracker in 2026 showed that only 49% of crypto users correctly understand that selling crypto assets is a taxable event.

According to Arkham monitoring, Bitwise has just purchased 127,241 LINK through its Chainlink ETF, worth approximately 1.54 million dollars. As of now, Bitwise holds a total of 5.018 million LINK tokens, with a total value of about 60.21 million dollars, and an average purchase price of approximately 10.6 dollars.In comparison, Grayscale's LINK holdings are valued at nearly 126 million dollars.

According to The Defiant, THORChain announced that its v3.21 upgrade will fix the FIN contract vulnerability on Rujira and allow the previously paused application layer to restart. The network has set the upgrade target at block height 28,366,100, with an expected time around October 23. After the restart, trading, lending, borrowing, and automated trading on Rujira will resume. Rujira's products run through smart contracts within THORChain, rather than on an independent blockchain, and the application layer can pause these contracts without affecting the underlying layer of THORChain.According to Rujira, the vulnerability was discovered on September 26, when an attacker transferred a custom concentrated liquidity position without holding a position. The team paused the application layer with the support of node operators, and only one position from the Rujira team itself was affected, with no loss of user funds. Rujira attributed the vulnerability to a flaw in the position transfer function, rather than the trading logic of the liquidity strategy. On September 27, Rujira stated that the fix is located at the underlying layer and has been scheduled for the v3.21 upgrade.Regarding the restart window, Rujira proposed a conditional grace period in its plan on October 15: if the application layer is ready to resume, any credit account position with a loan-to-value ratio above 100% and meeting liquidation conditions will request node operators to pause the credit account contract for an additional 24 hours, allowing borrowers to replenish collateral before liquidation resumes. Borrowers can replenish collateral through Rujira Borrow or by directly transferring assets to the credit account address. Rujira indicated on October 10 that positions still deemed unsafe after the grace period may be liquidated when the liquidator triggers the process.

According to Bitcoin Magazine, Richard Byworth previously worked at Syz Capital, focusing his career on hedge fund structure design. In an interview with Bitcoin Magazine, he stated that the next round of Bitcoin's rise is just a matter of time.He pointed out that, based on data from on-chain analysis platforms like Glassnode, the current level of seller exhaustion has reached a historical high. Although the market does not exhibit an extreme bearish atmosphere, multiple on-chain indicators show that Bitcoin is strongly building a bottom. He mentioned that Bitcoin has been trading in the range just above $80,000 in recent weeks, and he believed that $58,000 was a bottom.Byworth also discussed Bitcoin yield strategies. He warned that using a covered call strategy during a bullish market could lead to significant losses of Bitcoin for investors, and advocated for earning low-volatility, market-neutral returns through basis trading collateralized by Bitcoin. He noted that Strive had bought three times the weekly issuance of Bitcoin in a single transaction within a week, believing that the next round of rise is just a matter of time.Regarding Bitcoin treasury companies, Byworth stated that the digital credit products designed by Saylor are putting pressure on the traditional bond market, as the yield on 10-year U.S. Treasuries is around 5.1% to 5.2%, and investors will see their returns eroded by the faster pace of currency depreciation. He mentioned followers like Strive and Metaplanet, and believes that Bitcoin could break its historical high again before the end of the year, and reaching $350,000 in about a year is not entirely impossible.

According to PR Newswire, BitMine increased its holdings by 12,535 Ethereum last week. As of October 18, 2026, its total Ethereum holdings reached 6,041,481, accounting for approximately 4.9% of the total Ethereum supply.Currently, the total value of cryptocurrencies, cash, and other investment assets held by BitMine is approximately $15.1 billion, which includes $582 million in cash and securities, 215 Bitcoin, $180 million in equity assets from Beast Industries, and a $74 million investment in Eightco Holdings (ORBS). Additionally, the number of Ethereum staked remains at 5,067,309 (84% of total holdings), valued at approximately $12 billion, with a current annualized staking yield of about $309 million.Tom Lee, Chairman of BitMine, stated in the company's weekly report that in recent weeks, investor risk appetite has contracted due to concerns over AI financing and AI model security issues, the escalation of the US-Iran conflict, anxiety over the US midterm elections, and a general rise in global bond yields. This has led to a sell-off of AI stocks (including semiconductor and memory chip stocks), further resulting in deleveraging in the Korean and Taiwanese markets, which are dominated by semiconductor and memory chip stocks.He pointed out that crypto assets are widely held in the US, South Korea, and Taiwan, and as investors in these regions reduce their risk exposure, it naturally creates spillover pressure on the crypto market. However, historically, when fundamentals remain robust while prices decline, it often presents an attractive risk-reward opportunity. Given that crypto assets benefit from the modernization of global financial infrastructure and AI intelligence, he believes this time is no exception.

The New York Stock Exchange has launched extended trading hours for U.S. stock options.

According to data recently released by financial data provider FnGuide, as of October 15, the total estimated value of shares held by the National Pension Service (NPS) in 287 listed companies with a holding ratio of 5% or more has shrunk from 515.93 trillion Korean won at the end of June to 333.53 trillion Korean won, a decrease of approximately 182 trillion Korean won, equivalent to about 13.7 billion USD.The shrinkage is mainly related to the fund's heavy holdings in Samsung Electronics and SK Hynix. The market value of SK Hynix held by NPS has evaporated by approximately 74.2 trillion Korean won, while the market value of Samsung Electronics has decreased by 56.9 trillion Korean won, with these two stocks accounting for about 72% of the total decline in market value.NPS is the largest pension fund in South Korea, managing assets worth 1866 trillion Korean won, approximately 1.35 trillion USD, as of the end of June. The investment return rate in the first half of this year reached 27.2%, the best level for the same period since 2022, but the market reversed in just a few months, marking the first quarterly decline in market value for its core heavy holdings since the fourth quarter of 2024.NPS has long listed Samsung Electronics and SK Hynix as its top two domestic stock holdings, maintaining a holding ratio of over 7%. In May of this year, the fund's operating committee also raised the year-end target allocation for Korean stocks. After reaching a peak in June, stock prices quickly corrected, and by mid-October, SK Hynix had fallen more than 50% from its peak, while Samsung Electronics had retreated about 40%.The concentrated sell-off by foreign investors has been the direct driver of the decline, with the two companies accounting for nearly 80% of the total net selling by foreign investors. Market discrepancies regarding AI storage prosperity, advancements in Chinese storage technology, and the high volatility of individual stock leveraged ETFs have also amplified the declines. The KOSPI index in South Korea reached a historical closing high of 9114.55 points on June 22, but had fallen by about 39% as of October 15. During this period, NPS's holding ratio of SK Hynix shares decreased from 7.5% to 7.32%, while the holding ratio of Samsung Electronics remained at 7.84%.Bank of America’s research report on October 16 suggests that the valuation of storage stocks may have bottomed out after about three and a half months of adjustment, and that storage chip prices and profits are still expected to remain high from 2027 to 2028. There are also views warning that if global AI companies cut capital expenditures, there may still be room for downward adjustments in the earnings expectations of the two companies. As of now, NPS has not made a formal response regarding the significant shrinkage in market value of its holdings.

According to Bloomberg, Spencer Applebaum, General Partner and Co-Head of Venture Capital at Multicoin Capital, stated that unlike institutions such as Paradigm, Framework Ventures, and Haun Ventures, which are expanding their investment scope beyond the crypto space, Multicoin will not extend its investment scope to pure AI projects, as its strengths lie in the crypto field, and believes that many investors are "forcing" a search for intersections between crypto and AI.The $422 million venture capital fund raised by Multicoin in 2022 has been deployed slowly due to the decline in valuations of startup projects following the collapse of FTX. Spencer Applebaum also mentioned that HYPE remains the largest position in Multicoin's hedge fund. Currently, Multicoin's assets under management stand at $2.7 billion.

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 October 19, the decentralized stablecoin USDD released its treasury report for the third quarter of 2026. The report shows that the total treasury income for USDD during the quarter was $9.7 million, a month-on-month increase of 26.7%; expenses were $7,601; net profit was approximately $9.7 million; and the treasury balance reached $31.24 million, surpassing $30 million for the first time, setting a new historical high.The report pointed out that the performance of the USDD treasury experienced strong growth in Q3, driven by a significant increase in income during the quarter; Smart Allocator's asset allocation yield reached $9.11 million; quarterly expenses decreased by 69.4% month-on-month, further enhancing treasury operational efficiency. This quarter's performance demonstrates USDD's ongoing progress in sustainable revenue growth and efficient treasury management.According to data from the official website, the current supply of USDD is $1.78 billion, with a TVL of $2.48 billion, and Smart Allocator has generated and distributed a total yield of $32.16 million.

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.

On Friday, the French National Assembly passed Amendment I-3898 with 38 votes in favor, 37 against, and 25 abstentions, proposing to tax certain cryptocurrency exchanges for stablecoin transactions. If the relevant provisions are approved, they are expected to take effect from 2027. This measure will change the way capital gains tax on cryptocurrencies is calculated, meaning that when investors exchange Bitcoin or other cryptocurrencies for stablecoins, the related gains may trigger taxation even if they have not been converted into fiat currency.The French National Assembly is scheduled to vote on the first part of the "2027 Finance Bill" on Tuesday. A proposal to carry forward realized cryptocurrency losses for 10 years was rejected by the assembly on Friday with 18 votes in favor, 75 against, and 3 abstentions. French lawmakers are also reviewing two cryptocurrency tax proposals: I-CF1822 aims to expand the exit tax to unrealized gains, applicable to taxpayers whose total cryptocurrency portfolio value exceeds 800,000 euros and who move their residence out of France; I-2701 proposes to require the declaration of holdings from self-custody wallets, with a threshold of total value exceeding 100,000 euros for the relevant tax year. Both proposals are still under review as of Monday.