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The White House announced a comprehensive research plan with a total scale exceeding 6 billion dollars, covering artificial intelligence, quantum computing, biological research, and talent development. The funding and resources come from the government, enterprises, universities, and charitable organizations. Eleven technology companies have committed to providing AI tools and computing power worth 2.4 billion dollars for the Genesis Project.Specific commitments include 1 billion dollars from NVIDIA, 500 million dollars from AMD, 200 million dollars from OpenAI, and 150 million dollars each from Anthropic and Google. These resources will support over 15 federal agencies in conducting research.The Genesis Project will launch in 2025 and aims to utilize AI, supercomputers, and government research data to accelerate research in fields such as energy, healthcare, and aerospace. Related arrangements also include the previously announced 1.8 billion dollar virtual biology program, as well as the 1 billion dollar investment in research computing power and talent development pledged by the government, enterprises, and universities in Georgia.

According to a report by Sina Finance, the Swedish cryptocurrency company Hilbert Group still plans to seek an initial public offering (IPO) in the United States.

As the institutional market gradually develops towards the separation of custody and trading, Bitget is expanding its open custody and over-the-counter settlement infrastructure for institutional clients, providing more flexible asset custody, fund management, and trading access options.Currently, Bitget has partnered with institutions such as Copper ClearLoop, Cactus Custody Oasis, Fireblocks Off Exchange, OSL MirrorEX, Bitfire PrimeMirror, and Sygnum Protect to meet the differentiated needs of institutions in asset isolation, custody options, settlement efficiency, and liquidity access through diversified custody and settlement models.Bitget's CEO Gracy Chen stated that different types of institutions have varying needs for custody, settlement, and capital management. Bitget aims to allow institutions to choose solutions based on their operational models through open and compatible infrastructure, enhancing fund utilization efficiency and liquidity access capabilities while achieving asset risk isolation. This expansion is also an important part of Bitget's UEX strategy, with institutional services continuing to be a strategic focus to further enhance capital utilization efficiency and accelerate the integration of crypto assets with tokenized traditional financial infrastructure.

After the overnight decline in U.S. Treasury yields, Japanese government bond yields fell across the board. On Thursday, U.S. Treasury yields decreased due to stable long-term bond auction results and the Treasury's repurchase operations. The market's expectations for further interest rate hikes by the Federal Reserve have cooled, putting downward pressure on U.S. and Japanese bond yields. The yield on Japan's 10-year government bonds fell by 4.5 basis points during the session to 3.035%, the 2-year yield dropped by 1.5 basis points to 1.915%, and the 30-year yield decreased by 4 basis points to 4.08%.

The Hong Kong Securities and Futures Commission has announced that "Finanx AI/Finax Technology Limited" has been included in the list of unlicensed companies. This entity may have promoted the "FNXAI" and "1FNXAI" tokens to investors through events held in Hong Kong and may have claimed that investing in these tokens could yield high returns.The FNXAI and 1FNXAI tokens were included in the Commission's warning list of suspicious investment products on September 30, 2026. The Hong Kong Securities and Futures Commission pointed out that this entity is not licensed or registered with the Commission to conduct any regulated activities in Hong Kong and is prohibited from engaging in any regulated activities in Hong Kong.

AI company Hone announced the launch of Engines, referring to it as AI that is accountable for business outcomes. Hone stated that chatbots provide answers, agents perform tasks, while Engines deliver results and measure the value created in actual dollars, rather than in model token usage or subjective feelings.According to Hone, users only need to specify a business metric, and the Engine will autonomously complete the integration, build the required agents, skills, and memory, collaborate with relevant personnel, and continuously improve with experience. Its clients have used Engines to discover millions of dollars in procurement savings, optimize product conversion funnels, manage credit risk, increase qualified sales pipelines in new regions, and accelerate implementation while improving customer management.Hone also announced the completion of a $60 million seed round financing, led by Benchmark and Index, with participation from Elad Gil, Hanabi, Definition, Diffusion, Lux, SV Angel, and Align. Hone stated that the foundational capabilities of AI have clearly outpaced the value it creates in the real world, and Engines will be used to bridge this gap.

Meanwhile co-founder and CEO Zachary Townsend stated that the company has completed a $37.5 million funding round from existing investors, led by Bain Capital Crypto, with participation from Haun Ventures, Framework, Pantera Capital, Digital Currents, and Apollo Global. The company has raised over $180 million in total, and this round of funding will be used to meet the demand for BTC life insurance from families in Asia, Europe, and the Middle East.Meanwhile will launch the BTC Life 1-Pay product for customers outside the United States in early 2026, allowing users to pay premiums in Bitcoin as a one-time payment, receiving a guaranteed death benefit valued in Bitcoin for life. After the first year, up to 90% of the policy value can be borrowed, with no repayment plan. The company has announced partnerships with 15 brokers serving affluent families, covering Singapore, Hong Kong, the UAE, and Switzerland, with premium income expected to more than double year-on-year this year.

The Cardano Foundation has spun off the digital identity project Veridian into an independent Swiss company and has tokenized most of its 1 million shares on the Cardano blockchain. Veridian becomes the first company to adopt the Cardano CIP-0113 standard.This standard allows token issuers to impose transfer restrictions and freeze or seize assets to meet regulatory requirements. Veridian's mobile wallet is now live and is developing related credentials to help individuals, businesses, and AI agents verify identities and permissions without relying on centralized databases.

Analyst Darkfost posted on platform X that short-term holders (STH) of Bitcoin are showing significant panic. In the past 24 hours, short-term holders transferred over 50,000 BTC to exchanges in a single day peak. Among them, over 29,500 BTC were transferred to exchanges at a loss, accounting for about 59% of all inflows of BTC, marking the largest loss realization for short-term holders in nearly four months.Darkfost pointed out that despite the significant selling pressure from short-term holders realizing large losses, the price of Bitcoin has not shown significant fluctuations. Currently, the price of BTC is around $82,000, and it is retesting the previous high area formed in May of this year.

According to NADA NEWS, the Japanese Ministry of Finance held the first meeting of the "National Debt Blockchain Research Committee" today and released explanatory materials, categorizing national debt on the blockchain into three types. Type 1 involves circulating the beneficial rights of funds (MMF) investing in national debt on the blockchain; Type 2 involves placing the transfer ledger on the blockchain under the current transfer settlement system, divided into three forms: single account management institutions, multi-institution collaboration, and interfacing with the Bank of Japan's ledger; Type 3 involves issuing a new form of national debt on the blockchain outside the current system.The Ministry of Finance believes that blockchain can enhance the efficiency of collateral and liquidity management and expand the investor base, particularly benefiting overseas investors. However, it also pointed out issues such as market fragmentation, transmission of severe price volatility, and system transformation costs. All three types are provisional categorizations, and the Ministry of Finance plans to compile a report before January 2027.

Tokenization company Securitize announced today that it will bring 12 U.S. stocks, including Apple, NVIDIA, Tesla, and Microsoft, to the Solana blockchain, launching a new product called "Securitize Stocks." The first batch of covered companies includes Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy, and Palantir.Each stock token is backed 1:1 by actual shares, structurally retaining applicable shareholder rights such as dividends and voting rights, but representing securities interests rather than direct ownership on the company’s shareholder register; once tokenization is adopted by the issuer, it may provide a conversion channel. Initially, the product will be traded on Securitize's existing Solana platform, with liquidity provided by Jump Trading, settled in USDC stablecoin, and is expected to also launch on the NYSE's planned 24/7 digital trading platform and the upcoming OKXICE tokenized securities venue, which is a joint venture between the NYSE's parent company Intercontinental Exchange and OKX, both of which must meet listing and regulatory requirements.

On October 8, the spokesperson of the Ministry of Foreign Affairs, Mao Ning, hosted a regular press conference. A Reuters reporter asked about the allegations made by the American cybersecurity company CrowdStrike that Chinese individuals and related institutions used AI tools to attack South Korean financial institutions.Mao Ning stated: "I am not familiar with the specific situation mentioned. As a principle, China has always opposed and legally cracked down on hacking activities, and even more so opposes the dissemination of false information for political purposes." She also stated that artificial intelligence profoundly affects cybersecurity, and the international community should strengthen cooperation and dialogue, formulate new international rules, and jointly maintain cybersecurity.

The European Securities and Markets Authority (ESMA) has issued an opinion requiring EU crypto firms to stop providing services involving stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) framework, and has given a three-month deadline to address existing risk exposures. ESMA stated on Thursday that national regulators should require relevant firms to promptly address any remaining exposure to non-compliant stablecoins, no later than January 8, 2027.The guidance applies to crypto services regulated under MiCA, including trading platforms, exchange services, order execution, custody, transfers, investment advice, and portfolio management. ESMA stated that crypto firms should implement technical, contractual, and organizational controls to prevent EU customers from obtaining or increasing exposure to unauthorized stablecoins.Regulators may allow limited services to assist customers in exiting existing positions, including liquidation, exchange, withdrawal, transfer, and custody, but such activities must be temporary and closely monitored. This update expands on the guidance issued by ESMA in January 2025, when it required restrictions on trading and exchange services involving non-compliant stablecoins.

The cryptocurrency and fintech investment company Deus X Capital has ceased operations and will officially liquidate on January 31, 2027. The investors behind it will shift to their respective independent investment strategies. The company was led by former Galaxy Digital executive Tim Grant, and Chief Investment Officer Stuart Connolly will remain to oversee the transition. Some of the invested enterprises will continue to operate with the participation of existing shareholders.The Morton family investors behind Deus X Capital are splitting their investment activities. Shane Morton is establishing Darius, which focuses on artificial intelligence, while Owen and Jason Morton have founded 95, which focuses on markets and fintech. Grant will serve as CEO of TensorX, the AI business owned by Darius under Shane Morton. Grant stated that he hopes to become a significant player in the European AI sector.Deus X Capital was established in October 2023, supported by a family office, with $1 billion in existing investments and deployable capital at its inception. Its strategy covers private equity, venture capital, and hedge fund allocations in the fields of digital assets, blockchain, fintech, and institutional capital markets. Its early investments include stakes in Galaxy Digital and asset management company Hilbert Group, with operations in Malta, London, and the UAE.

According to Bloomberg, Shanghai Birun Technology (Hong Kong stock code 6082) plans to raise approximately HKD 4.04 billion (USD 515 million) to support its artificial intelligence business. The company intends to place 130 million new shares at a price of HKD 31.08 per share, with the related arrangements based on documents from the Hong Kong Stock Exchange.The placement price represents a discount of nearly 10% compared to Wednesday's closing price. Bloomberg reports that Birun is one of the GPU developers receiving support from Beijing, and this financing is part of a wave of fundraising for Chinese artificial intelligence companies.

The UK HM Revenue and Customs is pushing to expand the investigative powers regarding cryptocurrency asset information, proposing to allow tax authorities to directly obtain customer data from cryptocurrency service providers and update software and electronic record inspection rules.UK cryptocurrency tax software company Recap warned that the proposed regulations have an overly broad definition of service providers, which may include non-custodial wallet software, blockchain explorers, hardware wallet manufacturers, and tax software providers. Due to the public and transparent nature of Bitcoin transaction records, once investors' names, addresses, and tax identities are associated with on-chain wallet addresses, it may expose their long-term asset activity records, increasing the risks of data breaches, extortion, and personal attacks.

Bitcoin collateralized lending is gradually expanding from a cryptocurrency financial scene focused on trading and investment to real credit needs such as tuition fees, living expenses, business operating funds, and real estate, showing a significant change in market usage. Institutions like SALT Lending and Ledn indicate that more and more borrowers are choosing to collateralize BTC for liquidity instead of selling their holdings.Since its establishment in 2018, Ledn has issued loans totaling over $11 billion and expects this scale to grow to $1 trillion in the coming years. Its clients include entrepreneurs and institutional investors seeking operating funds, as well as individuals borrowing to pay for children's education, real estate investments, and short-term living expenses. This trend indicates that the financial attributes of BTC are extending from "tradable assets" further to "collateralizable assets." Borrowers hope to unlock its value without selling BTC while still retaining potential upside exposure.At the same time, institutions like SALT are promoting fixed-rate, long-term products, bringing crypto collateralized loans closer to traditional credit models like home mortgages. Coinbase has also recently launched fixed-rate BTC collateralized loans through Morpho. Ledn further anticipates that similar models may expand from BTC to traditional hard assets like gold, and the boundaries of the collateralized asset lending market are widening.

The cryptocurrency payment company Ripple has expanded into stablecoins, asset custody, and has entered the long-term leveraged exchange-traded fund (ETF) swap financing sector, which has been dominated by large banks, becoming an important participant. According to The Wall Street Journal, leveraged ETF managers achieve target returns through total return swaps and other derivatives, such as amplifying the daily fluctuations of a particular stock or index; banks or brokers sell related contracts and charge fees, then buy stocks or derivatives to hedge their own exposure.According to Morningstar Direct, there are 593 leveraged ETFs in the United States, managing over $256 billion in assets, of which 426 are single-stock leveraged funds, a category that received regulatory approval in 2022. Ripple entered swap financing after acquiring the prime broker Hidden Road, which caters to cryptocurrency hedge funds last year; this business is now called Ripple Prime, which is collaborating with multiple ETF providers and hopes to expand to include other investment managers, including hedge funds.On Tuesday, Ripple Prime announced it would provide prime brokerage, clearing, and financing services to the hedge fund Brevan Howard. Ripple Prime President Noel Kimmel stated that this is a growing and significant part of the company's business. The report cited an example where a fund paid Ripple at a rate of 4 percentage points above the overnight bank financing rate, which as of Tuesday was approximately equivalent to 8% of the fund's assets on an annualized basis; this cost is included in the net asset value of the leveraged fund, separate from the approximately 1% management fee.

Analyst Murphy stated that when the BTC price drops, the liquidity provided by market makers naturally leans towards the Bid (buy side), while traders also place orders at lower prices waiting to take delivery. Data shows that the 5% depth difference in Binance's spot order book reached 80 million dollars when BTC fell to about 83,000 dollars, which is relatively higher compared to the pullback period from September 10 to 16, approaching the level during the bottom consolidation phase of BTC in July.At 83,000 dollars, the buy orders within the 5% depth range roughly cover down to 79,000 dollars, indicating that there is a thick support level in the range of 83,000 to 79,000 dollars, which may reduce the risk of the price being quickly breached. Meanwhile, the difference between the Taker's active buy and active sell transaction volume on Binance has continued to rise during the price decline, indicating an increase in active buying and a decrease in active selling. Murphy believes this shows that traders are not exhibiting obvious pessimism; not only is there sufficient passive support below, but the willingness to actively buy has actually increased during the price decline.

According to reports from Lei Feng Network·Whale Rhino, AI hardware company Loke Technology NOOKLAB has completed several rounds of financing, with investors including Sequoia China, Linear Capital, and others, accumulating a total amount of several hundred million RMB, with a current valuation close to 100 million USD. The two rounds of financing were concentrated at the beginning of this year.Loke Technology's founder Raymond was born in 1996 and has previously worked at OPPO, OnePlus, Anker, and ByteDance, where he was responsible for the second-generation AI glasses in the Byte Ocean team. Its first product, Moonphase Flip, weighs 54 grams and attaches to the back of the phone via MagSafe magnetic suction. The company defines it as a low-disruption AI portable screen, primarily targeting overseas markets. The team currently consists of about 30 people.