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According to Onchain Lens monitoring, Dragonfly Capital (0xF70...3a5) transferred 30,000 hyperliquid to FalconX, worth 2.33 million dollars, possibly for over-the-counter sales.A month ago, this address transferred 41,400 hyperliquid to FalconX, worth 3.21 million dollars. It currently still holds 296,100 hyperliquid, worth 22.96 million dollars.

Market news reports that SpaceX is negotiating to connect 80,000 cellular sites to build a new network.

The White House announced that Trump invoked the Defense Production Act, listing oil exploration, production, and other activities as critical defense resources, and authorized the federal government to promote capacity expansion through procurement and funding support. Trump stated that limited financing and supply chain constraints made it difficult for businesses to meet demand, thus exempting certain requirements of the act to accelerate capacity expansion.

According to Gate market data, U.S. tech stocks plummeted significantly as investors worried that spending in the AI sector may not be sustainable. The Nasdaq fell 2.6% on Thursday, marking the largest single-day drop since June. Meta's stock price dropped 7%, despite revenue growth, as profits did not meet expectations.NVIDIA's CEO stated that AI lacks capital support for the growth of new cloud service providers, causing the Philadelphia Semiconductor Index to crash by 6.7%. Investors turned to the bond market for safety, leading to a decline in U.S. Treasury yields.

SpaceX stated that any potential merger with Tesla must be further approved by the company's special committee, board of directors, and controlling shareholders.

Aave posted on platform X: The first batch of externally curated markets for Aave V4 is now live, with strategies developed by @SentoraHQ. Users can borrow RLUSD, PYUSD, and OUSD using yield-bearing assets and blue-chip assets as collateral in three new markets on Ethereum.

According to the American financial media Semafor, SpaceX (SPCX.O) has a low-rated bond issuance interest rate of approximately 8.3%.

The super political action committee Digital Freedom Fund, initiated by Gemini co-founders Cameron Winklevoss and Tyler Winklevoss in 2025, submitted documents to the Federal Election Commission on Tuesday, reporting for the first time advertising expenses exceeding $81,000 to support Republican candidate Ken Paxton's campaign for the Texas Senate seat, while opposing Democratic candidate James Talarico. Early voting in Texas began on October 19, with Election Day on November 3.As of September 30, the PAC has raised approximately $34 million, and its expenditures are not limited to Texas. Documents show its involvement in the Ohio Senate race between Republican candidate Jon Husted and Democratic candidate Sherrod Brown, bringing its total support for Husted to about $7 million. Another crypto industry PAC, Fairshake, also reported over $13 million in direct mail advertising expenditures this week, with approximately $9 million supporting Husted and over $4 million opposing independent candidate Dan Osborn in the Nebraska Senate election.These expenditures indicate potential support for candidates who favor crypto policies and legislation. Prediction contracts from Kalshi and Polymarket suggest that Democrats are favored to regain majority control of the House and Senate by 2027, and the majority party in both chambers will influence the legislative process for bills like the Digital Asset Market Structure Act, which failed to pass procedural voting in the Senate last month. Paxton previously defeated incumbent Senator John Cornyn in the May Republican primary, receiving over $500,000 in advertising support from the Fellowship PAC, backed by Anchorage Digital and Cantor Fitzgerald, with the funds executed through the Nxum Group co-founded by Bo Hines.

Bitcoin News posted on platform X that Strategy spent $22.1 million to purchase Bitcoin last week and spent $193.1 million to repurchase its own STRC preferred shares.From October 12 to 18, Strategy added 267 Bitcoins, with an average purchase price of $82,900; this round of funding came from the sale of 140,872 common shares, increasing its Bitcoin holdings to 848,517 coins. The Strategy board also raised the authorized amount for digital credit repurchases from $2 billion to $3 billion.

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.

According to Politico, two insiders said that the United States is once again pressuring the European Union to relax regulations on large technology companies.

The Bitcoin ecosystem USDT issuer Utexo announced the early access to Utexo Mint, aimed at professional operators ready to support and provide USDT on Bitcoin, with the public launch scheduled for November 28. Utexo stated that existing partners are preparing for the launch, and it is currently open for access to exchanges, wallets, market makers, OTC desks, trading companies, and other professional operators interested in supporting USDT on Bitcoin.Utexo Mint is a dedicated platform for verified operators to mint and redeem USDT on Bitcoin. In the sandbox environment, operators can test the operation of USDT based on RGB, including minting, confidential transfers, and redemptions, to validate transaction processes and complete integration before the launch. Utexo will also provide tools for managing USDT liquidity across supported networks and for fiat to USDT exchanges. Utexo Mint is not owned or operated by Tether, and USDT on Bitcoin is supported by USDT through Tether's USDT0 protocol.USDT was first launched on Bitcoin in 2014, and this return will bring stablecoin liquidity to the ecosystem and expand scenarios such as trading and BTC collateralized lending. Utexo stated that USDT on Bitcoin is launched by Utexo rather than Tether, designed with privacy features, and USDT on RGB avoids address reuse. In terms of compliance, Utexo claims it will monitor all sourced USDT, check AML scores, and monitor RGB-side risks, while collaborating with Crystal Intelligence for AML efforts. The launch will occur in two phases: on November 28, USDT will be publicly available on the Bitcoin network through RGB, accessible via partner wallets and exchanges; the second phase is planned for the first quarter of 2027 to expand USDT to the Lightning Network for payments.

On October 23, a16z General Partner Chris Dixon announced that a16z crypto would be renamed a16z Frontier. The investment scope has expanded from crypto startups to a broader category of frontier technology startups, which are companies that create new technologies, open new markets, and may take years to mature. Dixon emphasized that this adjustment is an expansion of scope rather than a shift in direction, and the team will continue to invest in crypto and related businesses while advocating for reasonable crypto regulation.Dixon stated that as blockchain becomes more widely adopted, Wall Street and fintech companies have normalized the launch of on-chain products, and the importance of the "crypto company" label has diminished; companies should be defined by their business rather than the technology they use. His explanation also pointed to the AI wave, which not only focuses on using AI to perform existing tasks faster and better but also emphasizes the emergence of new native use cases, full-stack entrepreneurship that integrates software and hardware with services, and new networks that connect people with intelligent agents.Dixon believes that blockchain will continue to play an important role, providing the internet with a fast, cheap, global, and programmable funding track. Stablecoins are becoming standard tools for fintech and institutions, and they can also support machine-to-machine transactions and the cold start of new networks. The fund will be co-led by Dixon along with a16z founders Marc Andreessen, Ben Horowitz, and General Partners Eddy Lazzarin and Guy Wuollet, while the operating team will continue to serve existing and future portfolio companies in areas such as regulation, market entry, talent, marketing, and technology development.

Cryptocurrency exchange Kraken stated that its xStocks tokenized stock product line currently covers more than 1000 underlying assets. xStocks provides users with exposure to stock prices but does not come with shareholder rights.According to the FAQ document released by Kraken in September, the number of related tools listed at that time was 131. This product still excludes U.S. users.

SpaceX launched the SpaceX Super Intelligence (SI) Partner Network, with partners including Nvidia, Apollo, Databricks, and Bain Capital.

According to Gate market data, the Nasdaq 100 index has fallen by 2%, and the S&P 500 index has dropped by more than 1%.

U.S. Vice President Vance stated that European countries have almost unanimously decided to initiate a regulatory and licensing battle against SpaceX, but now they are all requesting SpaceX to do what they need.

S&P Global Ratings released a report on Thursday, granting the UK digital bank Revolut a BBB+ investment grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to establish a debt buffer capable of absorbing potential losses and meeting regulatory requirements.The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); if the bank were to collapse, the Bank of England could push for a restructuring, with investors bearing the corresponding losses. S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio size will double by 2027 and double again by 2028.S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and an increasingly diversified product range, but its main banking customer relationships still account for a lower proportion compared to traditional banks, and rapid global expansion may exacerbate operational complexity and compliance risks. BBB+ is considered a lower tier within S&P's investment grade ratings.

According to Onchain Lens monitoring, Fidelity's FBTC ETF wallet (bc1qfse...5cww9k) purchased and withdrew 282.63 BTC from Binance, worth 23.08 million USD.

The Blockchain Association stated that it has sent a letter to the leadership of both the House and Senate, urging Congress to advance prudent, bipartisan digital asset tax legislation, and launched TaxClarityforAmerica.com for the public to understand the principles, view congressional progress, and contact legislators.The association noted that approximately 67 million Americans hold and use digital assets, but the current tax system is outdated, leading to uncertainty for taxpayers, excessive compliance burdens, and forcing innovation to move overseas.Its "Digital Asset Tax Principles" include: a meaningful small exemption; taxation of mining and staking rewards as newly created property upon disposal; reporting arrangements that protect taxpayer privacy; tax compliance based on economic substance rather than technical form; and wash sale rules that do not penalize everyday activities while preventing abuse.The association also stated that the House Ways and Means Committee had previously advanced legislation related to digital asset taxation, and Senator Steve Daines has also introduced a Senate version. Congress is in recess until after the elections on November 3, and there remains a legislative window during the short session.