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The Central Committee of the Communist Party of China and the State Council issued the "Opinions on Developing New Quality Productive Forces," supporting high-quality technology enterprises to go public for financing, optimizing systems for mergers and acquisitions, equity incentives, and more for technology enterprises. The opinions also mentioned increasing the supply of financial innovation products, encouraging the development of angel investment, venture capital, and private equity investment, and improving long-term capital support policies.

On October 8, SonicStrategy (CSE: SONI, OTCQB: SONIF), a digital asset infrastructure company listed in Toronto, Canada, announced the completion of the first phase of a non-brokered private placement, issuing 11,250,000 common shares at a price of CAD 0.20 per share, totaling CAD 2.25 million, all settled in 7,922,535 SYN tokens, without receiving cash.SYN is priced at USD 0.20 per token, with an agreed exchange rate of 1 USD to 1.42 CAD, equivalent to CAD 0.284, with the price confirmed in writing by all parties and approved by the board of directors. The company stated that from September 28 to October 7, the volume-weighted average price of SYN/USDC on Binance was approximately USD 0.1849. No warrants were issued in this phase, and no intermediary fees were paid; the shares are subject to a holding period restriction under Canadian securities law until February 9, 2027. After the closing, the total issued common shares are 60,870,466, with no new shareholders holding 10% or more; the first phase of the closing is still pending final acceptance by the Canadian Securities Exchange.CEO Dustin Zinger stated that this acquisition strengthens the company's digital asset portfolio and allows the company to access ecosystems including the on-chain options platform Hypercall. The received SYN is held in custody controlled by the company and can be used for staking, validating nodes, and operating digital asset infrastructure, or sold and converted to fund operations.

The stablecoin and payment company Frax, headquartered in the United States, announced that it has submitted an application for its own top-level domain .frax to ICANN, claiming this is the first top-level domain application from a cryptocurrency company published by ICANN. The application is part of the 2026 New Generic Top-Level Domain Program and is supported by ICANN-accredited corporate domain registrar MarkMonitor. If approved, .frax will become a global internet top-level domain similar to .com and .org.Frax plans to allow users to own and manage .frax domain names on its blockchain Fraxtal through the Frax Name Service, while being resolved via the global domain name system. Related registrations will enter the Frax Burn Engine and permanently destroy FRAX. Founder Sam Kazemian stated: the cryptocurrency naming system allows internet identities to be owned, ICANN domains make them universally accessible, and .frax combines both, aiming for ownership to remain on-chain, domain names to be universally available, and to become programmable financial endpoints for people, businesses, applications, and AI agents.The plan will also extend Frax's financial network built around the fully-backed digital dollar frxUSD and the institutional connectivity platform FraxNet. Frax plans to explore the agency and machine payment functionalities of .frax domain names, including support for standards like x402, so that websites, applications, and autonomous software agents can identify counterparties, access services, and programmatically initiate stablecoin payments. Frax claims to have been serving users since 2020 and ranks 5th in the 2026 Fortune Crypto 100 stablecoin category.

Anyflo, a stablecoin payment orchestration service for enterprises, announced its public launch on October 8, 2026, in Singapore during TOKEN2049 at the Sui Basecamp. The company was incubated internally by Mysten Labs, the original contributors to Sui, and its founder and CEO, Lola Oyelayo-Pearson, previously served as the product manager at Mysten and has also worked at Shopify and Capital One.Anyflo acquired Native through a talent acquisition. Before the acquisition, Native had raised just under $2 million and had launched a marketable Bitcoin lending platform on Sui, ranking in the top five among 630 projects at Sui Overflow 2025. Co-founder Robert Zaremba and his team will join Anyflo.Anyflo positions itself as an orchestration layer, providing multi-chain stablecoin access and handling the complexities related to blockchain networks, liquidity, and routing. The company plans to enter private alpha in October 2026, including a production preview and liquidity access, with a beta launch scheduled for the first quarter of 2027. In addition to incubation, Mysten Labs has also invested $1 million in the company.

According to Dongcha news, the former head of ByteDance's AI programming tool TRAE, Shi Yang, has reportedly left the company before the National Day holiday. The news states that he plans to start a business with ByteDance's former head of AI data and security, Fu Yue, focusing on AI office solutions. This project is said to have completed its first round of financing, with a valuation of approximately 200 million USD; the company name, financing amount, and investors have not yet been disclosed.Shi Yang's LinkedIn profile shows that his tenure at ByteDance ended in September, and his new job is marked as a startup project with an undisclosed identity. He joined ByteDance in 2024 and was responsible for Doubao MarsCode and TRAE, having previously founded the identity management company Yufu Technology, which was later acquired by Tencent.Fu Yue was responsible for ByteDance's AI training data business and was reported to have left in August. In August of the same year, TRAE and the Kouzi team were merged into the Doubao system, with the relevant product teams reporting to Doubao head Zhao Qi. On October 9, TRAE announced the merger of TraeWork and TraeCode into a single product.

According to the Financial Times, SoftBank is seeking funding in the Gulf region to expand its investment bets in the field of artificial intelligence.

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.